19-01893K

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, AND NOTICE OF REGULAR MEETING
The Towne Park Community Development District Board of Supervisors (“Board”) will hold a public hearing on Thursday, November 14, 2019 at 11:00 a.m. at the Offices of Highland Homes, 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803, to consider the adoption of an assessment roll, the imposition of special assessments to secure proposed bonds on benefited lands within the Towne Park Community Development District (“District”), relating to Phase 3C of the District (also known as Assessment Area 3C), 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 Preliminary Engineer's Report dated November 2014, as supplemented by that Fourth Supplemental Engineer's Report, Phase 3C (Assessment Area 3C) dated September 2019 (the “Assessment Area 3C Project”) (together, the “Improvement Plan”). The public hearing is being conducted pursuant to Chapters 170, 190 and 197, Florida Statutes. 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 Records Office located at 12051 Corporate Boulevard, Orlando, Florida 32817, (407) 723-5900.
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, stormwater management facilities, water and sewer utilities, street lighting, roadway improvements, entry feature and signage, 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 additional assessments on benefited lands within the District relating to Phase 3C, in the manner set forth in the District's Amendment to the Amended and Restated Master Assessment Methodology, Series 2019 Bonds (Phase 3C - Riverstone Phases 3 & 4) dated October 2019 (the “Assessment Report”), which is on file and available during normal business hours at the address 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 Assessment Report explains the assessment methodology in more detail. Also as described in more detail in the Assessment Report, the District's assessments will be levied against all assessable lands within Phase 3C. 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 of the total debt allocated to each parcel. For Phase 3C, the District expects to collect no more than $8,225,000 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:

Unit Type Unit Count ERUs/Unit Total ERUs Bond Principal Allocation/Category Bond Principal Allocation/Unit Bond Net Annual Assessment/Category Bond Net Annual Assessment/Unit
Single Family Lots 186 1.00 186.00 $8,225,000 $44,220 $535,048 $2,877

THE DISTRICT'S BOARD OF SUPERVISORS IS NOT PROPOSING TO CHANGE THE SPECIAL ASSESSMENTS FOR EXISTING PLATTED LOTS WITHIN EXISTING PHASES WITHIN THE DISTRICT WHICH SECURED EXISTING SERIES OF BONDS.
All assessments described herein may be collected directly by the District in accordance with Florida law, or may be collected on the property tax bill issued by the Polk County Tax Collector. The decision to collect the assessments by any particular method - e.g., by direct bill or on the tax roll - does not obligate the District to use such a method to collect the assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices. All affected property owners have the right to appear at the public hearing and the right to file written objections with the District within twenty (20) days of the publication of this notice.
Also on Thursday, November 14, 2019 at 11:00 a.m. at the Offices of Highland Homes, 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803, the Board will hold a regular public meeting to consider any other 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 for community development districts. 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 Manager's Office at (407) 723-5900 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.

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
RESOLUTION 2020-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT 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, the Towne Park Community Development District (the “District”) is a local unit of special-purpose government located in the City of Lakeland, Polk County, Florida, and established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes (“Act”); and
WHEREAS, the Act authorizes the District to issue bonds for the purpose, among others, of planning, financing, acquiring, constructing, installing, operating, and/or maintaining certain infrastructure improvements, including roadway improvements, stormwater management systems, landscaping, recreation and park facilities, water and sewer systems and other infrastructure within or without the boundaries of the District; and
WHEREAS, the Board of Supervisors (the “Board”) of the District has previously determined to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastructure improvements described in the District's Preliminary Engineer's Report dated November 2014, as amended by the First Amendment to Master Engineer's Report dated March 2018 (together, the “Original Engineer's Report”); and
WHEREAS, pursuant to Resolutions 2015-09, 2015-10, 2015-17, 2016-07, 2018-05, 2018-06, 2018-08, 2019-10 and 2019-15 (“Debt Assessment Resolutions”), the District previously held public hearings and thereafter imposed special assessments to install or acquire the improvements identified in the Original Engineer's Report, as supplemented from time to time, all in accordance with that Master Assessment Methodology dated January 21, 2015, as amended and restated by that Amended and Restated Master Assessment Methodology dated March 8, 2018, as supplemented from time to time (together and as supplemented from time to time, “Original Assessment Methodology”); and
WHEREAS, the Original Engineer's Report was further supplemented by that Fourth Supplemental Engineer's Report Phase 3C (Assessment Area 3C) dated September 2019, attached hereto as Exhibit A and incorporated herein (“Fourth Supplemental Engineer's Report”, and together with Original Engineer's Report and any supplements and amendments thereto, the “Capital Improvement Plan”), adopted and confirmed by the Board on October 10, 2019, which shows future phases of development within the District known as Phase 3C (the same lands also referred to as “Assessment Area 3C”); and
WHEREAS, the District hereby determines to undertake the installation and/or acquisition of the infrastructure improvements for Phase 3C, which improvements include a bridge infrastructure component and cost within Phase 3C that was neither included in the Original Engineer's Report nor the Original Assessment Methodology, now set forth in the Fourth Supplemental Engineer's Report, the nature, specificity and cost of which are more particularly described in Exhibit A (“Improvements”); and
WHEREAS, the Improvements specially benefit the lands within the Assessment Area 3C; and
WHEREAS, it is in the best interests of the District to continue to pay the cost of the Improvements through the levy of special assessments pursuant to powers granted to it by Chapters 170, 190 and 197, Florida Statutes (the “Special Assessments”) to secure its special assessment bonds, which may be issued in one or more series, to be secured by the Special Assessments; and
WHEREAS, the District hereby determines that (i) benefits will accrue, or continue to accrue, to all property improved, and (ii) the amount of those benefits, and that Special Assessments will be made in proportion to the benefits received as set forth in the Amendment to the Amended and Restated Master Assessment Methodology, Series 2019 Bonds (Phase 3C - Riverstone Phases 3 & 4) dated October 2019 (the “Amended Assessment Report”), attached hereto as Exhibit B and incorporated herein by reference and on file at the office of the District Manager, PFM Group Consulting LLC, 12051 Corporate Boulevard, Orlando, Florida 32817 (the “District Records Office”); and
WHEREAS, except as specifically provided herein, the Debt Assessment Resolutions shall remain valid, binding and unmodified until such time as the District may further amend the respective resolutions.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:
1. RECITALS.
The “Whereas” clauses stated above are true and correct and by this reference are incorporated herein and form a material part of this Resolution.
2. DECLARATIONS.
The Board, having been fully apprised of the issues hereby, make the following declarations with respect to the Assessment Area 3C:
A. The Special Assessments shall be levied to defray the cost of the Improvements.
B. The nature and general location of, and plans and specifications for, the Improvements are described in Exhibit A, which is on file at the District Records Office and 346 East Central Avenue, Winter Haven, Florida 33880 (the “Local Records Office”). Exhibit B is also on file and available for public inspection at the same locations.
C. The total estimated cost of the Improvements is $6,500,000 (the “Estimated Cost”).
D. The Special Assessments will defray approximately $8,225,000, which includes the Estimated Cost, plus financing-related costs, capitalized interest, debt service reserve and contingency.
E. The manner in which the Special Assessments shall be apportioned and paid is set forth in Exhibit B, including provisions for supplemental assessment resolutions.
F. The Special Assessments shall be levied, within the District, on all lots and lands adjoining and contiguous or bounding and abutting upon such Improvements or specially benefitted thereby and further designated by the assessment plat hereinafter provided for.
G. There is on file, at the District Records Offices, an assessment plat showing the area to be assessed, with certain plans and specifications describing the Improvements and the Estimated Cost, all of which shall be open to inspection by the public.
H. Commencing with the year in which the Special Assessments are confirmed, the Special Assessments shall be paid in not more than (30) thirty annual installments. The Special Assessments may be payable at the same time and in the same manner as are ad-valorem taxes and collected pursuant to Chapter 197, Florida Statutes; provided, however, that in the event the uniform non ad-valorem assessment method of collecting the Special Assessments is not available to the District in any year, or if determined by the District to be in its best interest, the Special Assessments may be collected as is otherwise permitted by law.
I. The District Manager has caused to be made a preliminary supplemental assessment roll, in accordance with the method of assessment described in Exhibit C hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which assessment roll is hereby adopted and approved as the District's preliminary supplemental assessment roll.
3. NOTICE.
The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) weeks) in a newspaper of general circulation within Polk County, provided that the first publication shall be at least twenty (20) days before and the last publication shall be at least one (1) week prior to the date of the hearing, and to provide such other notice as may be required by law or desired in the best interests of the District.
4. SETTING PUBLIC HEARING.
The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the Special Assessments or the making of the Improvements, the cost thereof, the manner of payment therefore, or the amount thereof to be assessed against each property as improved.
5. EFFECT ON PRIOR RESOLUTIONS.
This Resolution is intended to supplement the District's Debt Assessment Resolutions, and any supplemental resolutions thereto, relating to the debt service assessments on lands within the District. As such, the Debt Assessment Resolutions, including the supplemental resolutions, shall remain in full force and effect, except as revised and/or supplemented herein. Accordingly, the previously adopted assessment methodologies, assessments, and related assessment liens thereto shall remain in full force and effect.
6. SEVERABILITY.
The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining provisions of this Resolution, or any part thereof.
7. EFFECTIVE DATE.
This Resolution shall immediately become effective upon its passage.
PASSED AND ADOPTED this 10th day of October, 2019.
ATTEST:
TOWNE PARK COMMUNITY
DEVELOPMENT DISTRICT
/s/ Jane Gaarlandt /s/D. Joel Adams
Secretary/Assistant Secretary Chairperson, Board of Supervisors
Exhibit A: Fourth Supplemental Engineer's Report Phase 3C (Assessment Area 3C) dated September 2019
Exhibit B: Amendment to the Amended and Restated Master Assessment Methodology, Series 2019 Bonds (Phase 3C - Riverstone Phases 3 & 4) dated October 2019
Exhibit C: Preliminary Supplemental Assessment Roll
October 18, 25, 2019 19-01893K

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