18-00875T NOTICE

Charlotte

BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
NOTICE OF PUBLIC HEARINGS TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, BY THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

NOTICE OF PUBLIC HEARINGS TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, BY THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

NOTICE OF MEETING OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

The Babcock Ranch Community Independent Special District Governing Board (“Board”) will hold public hearings on December 6, 2018, at 1:00 P.M., at 14750 SR 31, Punta Gorda, Florida 33982, to consider the adoption of an assessment roll, the imposition of special assessments to secure proposed bonds on benefited lands within the Babcock Ranch Community Independent Special District (“District”) relating to Phases 2B, 3A and 4, a depiction of which lands to be assessed is shown below, and to provide for the levy, collection and enforcement of the special assessments. The streets and areas to be improved are depicted below and in the District's Engineer's Report, dated October 9, 2018 (the “Improvement Plan”). The public hearings are being conducted pursuant to Chapters 170, 189 and 197, Florida Statutes, and Chapter 2007-306, Laws of Florida, as amended. A description of the property to be assessed and the amount to be assessed to each piece or parcel of property may be ascertained at the office of the District's Local Records Office located at 14750 SR 31, Punta Gorda, Florida 33982, or by contacting the District Manager at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431, (561) 571-0010.

The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The infrastructure improvements (“Improvements”) are currently expected to include, but are not limited to, roadways, clearing and grading, mitigation, offsite improvements, stormwater management, landscaping, and entrance features and other improvements, all as more specifically described in the Improvement Plan, on file and available during normal business hours at the addresses provided above.

The District intends to impose assessments on benefited lands within the District in the manner set forth in the District's Master Special Assessment Methodology Report, dated October 10, 2018 (the “Assessment Report”), which is on file and available during normal business hours at the addresses provided above. The Assessment Report identifies each tax parcel identification number within the District and assessments per parcel for each land use category that is currently expected to be assessed. The initial method of allocating assessments for the Improvements to be funded by the District will be determined on an equal assessment per acre basis. Once platting has begun, the assessments will be levied to the assigned properties based on the benefits they receive. The methodology is explained in more detail in the Assessment Report. Also as described in more detail in the Assessment Report, the District's assessments will be levied against all assessable lands within Phases 2B, 3A and 4 of the District. Please consult the Assessment Report for more details.

The annual principal assessment levied against each parcel will be based on repayment over a maximum of thirty (30) years for the total debt allocated to each parcel. The District expects to collect sufficient revenues to retire no more than $28,595,000 in debt to be assessed by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment and interest. The proposed annual schedule of assessments is as follows:

Product Type Number of Units Total Bond Assessment Apportionment Bond Assessment Apportionment per Unit Annual Bond Assessment Debt Service per Unit* Annual Bond Assessment Debt Service per Unit**

Assessment Area One
34' 64 $1,020,136.11 $15,939.63 $1,066.63 $1,134.71
52' 114 $2,795,565.31 $24,522.50 $1,640.97 $1,745.71
62' 65 $1,769,298.57 $27,219.98 $1,821.48 $1,937.74
Total Phase 2B Bond Assessment $5,585,000.00

Assessment Area Two
4-Story Condo 390 $5,035,361.84 $12,911.18 $905.22 $963.00
2-Story Condo 240 $3,718,421.05 $15,493.42 $1,086.26 $1,155.60
Coach 148 $3,057,368.42 $20,657.89 $1,448.35 $1,540.80
50' 183 $4,725,493.42 $25,822.37 $1,810.44 $1,926.00
75' 92 $3,088,355.26 $33,569.08 $2,353.57 $2,503.80
Total Phase 3A Bond Assessment $19,625,000.00

Assessment Area Three
40' 44 $893,863.47 $20,315.08 $1,359.42 $1,446.19
50' 45 $1,142,723.18 $25,393.85 $1,699.28 $1,807.74
65' 45 $1,348,413.35 $29,964.74 $2,005.15 $2,133.14
Total Phase 4 Bond Assessment $3,385,000.00

Total Bond Assessment 134 $28,595,000.00

* Excludes costs of collection and early payment discount allowance
** Includes costs of collection and early payment discount allowance

The assessments may be prepaid in whole at any time, or in some instances in part, or may be paid in not more than thirty (30) annual installments subsequent to the issuance of debt to finance the improvements. These annual assessments will be collected on the Charlotte County tax roll by the Tax Collector. Alternatively, the District may choose to directly collect and enforce these assessments. All affected property owners have the right to appear at the public hearings and the right to file written objections with the District within twenty (20) days of the publication of this notice.

Also on December 6, 2018, at 1:00 P.M., at 14750 SR 31, Punta Gorda, Florida 33982, the Board will hold a special public meeting to consider business that may lawfully be considered by the District. The Board meeting and hearings are open to the public and will be conducted in accordance with the provisions of Florida law. The Board meeting and/or the public hearings may be continued in progress to a date and time certain announced at the meeting and/or hearings.

If anyone chooses to appeal any decision of the Board with respect to any matter considered at the meeting or hearings, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.

Any person requiring special accommodations at the meeting or hearings because of a disability or physical impairment should contact the District Office at (561) 571-0010 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District office.

BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
PHASES 2B, 3A and 4

RESOLUTION 2019-04

[ASSESSMENT AREA 2B]

A RESOLUTION OF THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT SETTING A PUBLIC HEARING TO BE HELD ON DECEMBER 6, 2018, AT 1:00 P.M. AT 14750 SR 31, PUNTA GORDA, FLORIDA 33982 FOR THE PURPOSE OF HEARING PUBLIC COMMENT ON IMPOSING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT GENERALLY DESCRIBED AS THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT IN ACCORDANCE WITH CHAPTER 2007-306, LAWS OF FLORIDA.

WHEREAS, the Governing Board of the Babcock Ranch Community Independent Special District, ("Board") has previously adopted Resolution 2019-03, entitled

A RESOLUTION OF THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE INFRASTRUCTURE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE PAID; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.

WHEREAS, in accordance with Resolution 2019-03, a Preliminary Assessment Roll has been prepared and all other conditions precedent set forth in Chapter 2007-306, Laws of Florida, to the holding of the aforementioned public hearing have been satisfied, and the roll and related documents are available for public inspection at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431 (the “District Records Office”) and 14750 SR 31, Punta Gorda, Florida 33982 (the “District Local Records Office”).

NOW THEREFORE BE IT RESOLVED BY THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT:

1. There is hereby declared a public hearing to be held at 1:00 p.m. on December 6, 2018, at 14750 SR 31, Punta Gorda, Florida 33982, for the purpose of hearing comment and objections to the proposed special assessment program for District improvements as identified in the Preliminary Assessment Roll, a copy of which is on file. Affected parties may appear at that hearing or submit their comments in writing prior to the hearing to the office of the District Manager, 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431.

2. Notice of said hearing shall be advertised in accordance with Chapter 197, Florida Statutes and Chapter 2007-306, Laws of Florida, and the District Manager is hereby authorized and directed to place said notice in newspapers of general circulation within Charlotte County (by two publications one week apart with the first publication at least twenty (20) days prior to the date of the hearing established herein). The District Manager shall file a publisher's affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorized and directed to give thirty (30) days written notice by mail of the time and place of this hearing to the owners of all property to be assessed and include in such notice the amount of the assessment for each such property owner, a description of the areas to be improved and notice that information concerning all assessments may be ascertained at the District Records Offices. The District Manager shall file proof of such mailing by affidavit with the District Secretary.

3. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 25th day of October, 2018.

ATTEST: BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
/S/Cindy Cerbone /S/ Gary Nelson
Secretary/Assistant Secretary Chair/Vice Chair, Board of Supervisors

RESOLUTION 2019-06

[ASSESSMENT AREA 3A]

WHEREAS, the Governing Board of the Babcock Ranch Community Independent Special District, ("Board") has previously adopted Resolution 2019-05, entitled

WHEREAS, in accordance with Resolution 2019-05, a Preliminary Assessment Roll has been prepared and all other conditions precedent set forth in Chapter 2007-306, Laws of Florida, to the holding of the aforementioned public hearing have been satisfied, and the roll and related documents are available for public inspection at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431 (the “District Records Office”) and 14750 SR 31, Punta Gorda, Florida 33982 (the “District Local Records Office”).

NOW THEREFORE BE IT RESOLVED BY THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT:

3. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 25th day of October, 2018.

ATTEST: BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
/S/Cindy Cerbone /S/ Gary Nelson
Secretary/Assistant Secretary Chair/Vice Chair, Board of Supervisors

RESOLUTION 2019-08

[ASSESSMENT AREA 4]

WHEREAS, the Governing Board of the Babcock Ranch Community Independent Special District, ("Board") has previously adopted Resolution 2019-07, entitled

WHEREAS, in accordance with Resolution 2019-07, a Preliminary Assessment Roll has been prepared and all other conditions precedent set forth in Chapter 2007-306, Laws of Florida, to the holding of the aforementioned public hearing have been satisfied, and the roll and related documents are available for public inspection at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431 (the “District Records Office”) and 14750 SR 31, Punta Gorda, Florida 33982 (the “District Local Records Office”).

NOW THEREFORE BE IT RESOLVED BY THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT:

3. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 25th day of October, 2018.

ATTEST: BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
/S/Cindy Cerbone /S/ Gary Nelson
Secretary/Assistant Secretary Chair/Vice Chair, Board of Supervisors

November 9, 16, 2018 18-00875T

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18-00875T NOTICE

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