Indigo East Community Development District

Agenda February 18, 2020

A GENDA

Indigo East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

February 11, 2020

Board of Supervisors Indigo East Community Development District

The Board of Supervisors of the Indigo East Community Development District will meet on Tuesday, February 18, 2020 at 9:00 a.m., or as shortly thereafter as reasonably possible, at the Circle Square Commons, Cultural Center, 8395 SW 8Qth Street, Ocala, Florida 34481. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Notice for Meeting
N.	Approval of Minutes of the November 19, 2019 Meeting
Review and Acceptance of Fiscal Year 2019 Audit Report
Staff Reports
Attorney
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Calculation Report VIL	Other Business
Supervisors Requests
Adjournment

The second order of business of the Board of Supervisors meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

Enclosed under the third order of business is the affidavit of publication associated with the public notice for this meeting.

The fourth order of business is the approval of the minutes from the November 19, 2019 Board of Supervisors meeting. The minutes are enclosed for your review.

The fifth order of business is review and acceptance of Fiscal Year 2019 Audit Report. A copy of the report is being provided separately.

The sixth order of business is Staff Reports. Section 1 of the District Managers Report includes the check register for approval and Section 2 includes the balance sheet and income statement for your review. Section 3 is presentation of arbitrage rebate calculation report. A copy of the report is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
r---- 2) }-
George S. Flint District Manager

Cc:	Gerald Colen, District Counsel Ken Colen, On Top of the World
Guy Woolbright, On Top of the World Lynette Vermillion, On Top of the World Darrin Mossing, GMS

S ECTION Ill

AFFIDAVIT OF PUBLICATION

Star-Banner
Published - Daily Ocala, Marion County, Florida

STATE OF FLORIDA COUNTY OF MARION

- - -

B•	w:,igned,  a Notary  Public  of Said County  and State,

l  .. _,,,.-_  ·. r.,.,

who on  oath says that they  are an authorj

employee o ·• • .tar-Banner, a daily newspaper published at Ocala,  in Marion  County, Florida; that the attached copy of advertisement, being a notice  in the matter of
NOTICE OF MEETING DATES INDIGO EAST COMMUNITY DEVELOPMENT
DISTRICT The Board of Supervuors of the Indigo East Community Development District will hold their regularly scheduled public meetings/or the Fiscal Year 2020 at 9:00 AM, or as shortly thereaft

was published in said newspaper in the issues of:

9112 lx

Affiant further says that the said STAR-BANNER is a daily newspaper published at Ocala, in said Marion County, Florida, and that the said newspaper has heretofore been continuously published in said Marion County, Florida, daily, and has been entered as second class mail matter at the post office in Ocala in said Marion County, Florida, for a period of one year next preceding the first publication of the attached copy of advertise ment; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the person of securing this advertisement for publication in the said newspaper.

Ad #: A000958793

S ECTION IV

MINUTES OF MEETING INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Indigo East Community Development District was held on Tuesday, November 19, 2019 at 9:00 a.m. at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida 34481.

Present and constituting a quorum were:

John Gysen Frank DiPiero Terry Solan Donald G. Barnes Harold Brouillard

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

George Flint Rachel Wagoner Gerald Colen Lynette Vermillion Philip Hisey Robert Stepp Travis Smith
Patty Soriano Travis Smith

District Manager District Counsel District Counsel
On Top of The World Communities On Top of The World Communities On Top of The World Communities On Top of The World Communities On Top of The World Communities On Top of The World Communities

FIRST ORDER OF BUSINESS
Mr. Flint called the meeting to order. All five members of the above listed Board Members were present, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: This is an opportunity for any members of the public to provide comment on anything on the agenda or not on the agenda you would like to bring to the Board's attention. If you do have public comment, we would ask that you step forward to the microphone and state your name and address. Please try to limit your comments to three minutes. Any comments for the Indigo East Board? Hearing none, we will move to next item.

November 19, 2019	Indigo East COD

THIRD ORDER OF BUSINESS	Notice for Meeting
Mr. Flint: The notice of the meeting you will see in your agenda packet. The affidavit of publication for the Board meeting was advertised in the Ocala Star Banner on September 22, 2019, for the year indicating the November, February, May, and August meeting dates.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the August 20,
2019 Meeting and Acceptance of the August 20, 2019 Audit Committee Meeting.
Mr. Flint: Next is the approval of the August 20, 2019 minutes and acceptance of the Audit Committee minutes from August 20, 2019. Did the Board have any comments on either set of minutes?
Mr. DiPiero: Just one minor thing on the Audit Committee meeting, some of the comments that I made had Mr. Barnes name on it and some comments he made have my name. That's just minor, it's not important.
Mr. Flint: Would you like us to review that? Mr. DiPiero: No, not at all. It's not important.

On MOTION by Mr. Gysen seconded by Mr. DiPiero, with all in favor, the minutes of the August 20, 2019 meeting and acceptance of the August 20, 2019 Audit Committee meeting, were approved.

FIFTH  ORDER OF BUSINESS	Ratification of Agreement with Grau &
Associates to Provide Auditing Services for Fiscal Year 2019
Mr. Flint: Next item is the ratification of the agreement with Grau & Associates to provide the annual independent auditing services for Fiscal Year 2019. The Fiscal Year 2019 just ended on September 30th• As evidenced by the minutes that you just approved, the Board recently went through a selection process to select the independent auditor. You selected Grau & Associates to provide the services. They provided three years of pricing. The first year is not to exceed $3,500. Our budget is $3,700, so it's under your budget and it is consistent with the amount that they provided when they submitted their bid. Any questions on the agreement? In an effort to get the audit started on October 1st, I executed it and I'm asking the Board if you'll ratify that action.

2

November 19, 20I9	Indigo East CDD

On MOTION by Mr. DiPiero, seconded by Mr. Barnes, with all in favor, the Agreement with Grau & Associates to Provide Auditing Services for Fiscal Year 2019, was ratified.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Wagoner: I have nothing further to report.

District Manager
Approval of Check Register
Mr. Flint: We have the approval of the check register from August 13th through November 11th. For the general fund and the payroll fund totaling $53,346.31 and there's a detailed register behind the summary. Does the Board have any questions on the check register? Hearing none is there a motion to approve?

On MOTION by Mr. Barnes, seconded by Mr. Gysen, with all in favor, the Check Register totaling $53,346.31, was approved.

Balance Sheet and Income Statement
Mr. Flint: You also have the unaudited financials. This is through October 31st, which is the first month of Fiscal Year 2020. Our actual administrative expenses versus our prorate budget is under by $1,122. Our actual maintenance expenses are under by $15,000 for the first month. Any questions on the financials? Hearing none,

SEVENTH ORDER OF BUSINESS	Other Business
Mr. Flint: I know there have been a couple of concerns expressed about some landscaping issues in Indigo and I'm working on addressing those. I don't see Phillip here, but I will get with Phillip and the Landscape contractor. Are there any specific issues that aren't on the agenda the Board would like to bring up?
Mr. Brouillard: The only thing is the request of the large tree in the curve coming in from the northside on 78. Is there any way we can trim back so you can physically see when you come around the comer?
Mr. Flint: They said that is being handled today.

3

November 19, 2019	Indigo East CDD

Mr. Brouillard: Okay.
Mr. Smith: I'm Travis Smith, Assistant Landscape Superintendent, I'm basically Phillip Hisey's Assistant. He's out today. We marked the trees yesterday, so you should see a difference by the end of today.
Mr. Flint: The other issue the Chairman brought up is some street signs are leaning, some stop signs and other signs. It looks like they may be hit by mowers. We can look into that. To the extent they need to be straightened we'll work on that because those are CDD signs.

EIGHTH ORDER OF BUSINESS	Supervisors Request
Mr. Flint: Any other concerns for the Board? Or issues you'd like to discuss? Hearing
none,

NINETH ORDER OF BUSINESS
The meeting was adjourned.

Adjournment

On MOTION by Mr. Gysen, seconded by Mr. Barnes, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

4

S ECTION V

This item will be provided under separat e cover

S ECTION VI

S ECTION B

S ECTION 1

Indigo East
Community Development District
Summar_  of Invoices

November 12, 2019 to February 10, 2020

 	Fund	Date	CheckNo.'s	Amount	
General Fund	11/13/19	1412	$	935.29	
11/20/19	1413	$	8,693.46	
11/25/19	1414	$	1,501.69	
12/3/19	1415	$	17,258.69	
12/6/19	1416	$	895.33	
12/9/19	1417	$	73.71	
12/10/19	1418	$	13,171.05	
12/20/19	1419-1420	$	10,195.15	
1/6/20	1421	$	1,410.50	
1/10/20	1422	$	960.79	
1/14/20	1423-1425	$	11,392.60	
1 /24/20	1426-1427	$	5,001.69	
2/7/20	1428	$	917.71	
		$	72,407.66	
Payroll	November 2019
Donald Barnes	
50195	
$	184.70	
Frank Dipiero	50196	$	184.70	
Harold Brouillard	50197	$	184.70	
John Gysen	50198	$	200.00	
Terrance Solan	50199	$	184.70	
		$	938.80	
		$	73,346.46 1	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 2/10/20
***  CHECK DATES 11/12/2019 - 02/10/2020 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST COD

PAGE	1

CHECK  VENO# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
11/13/19 00019	11/01/19 197	201911 310-51300-34000
MANAGEMENT FEES NOV19
11/01/19 197	201911 310-51300-31300
DISSEMINATION FEES NOV19 11/01/19 197	201911 310-51300-34100
INFORMATION TECH NOV19 11/01/19 197	201911 310-51300-51000
OFFICE SUPPLIES NOV19
11/01/19 197	201911 310-51300-42000
POSTAGE NOV19
11/01/19 197	201911 310-51300-42500
COPIES NOV19

STATUS	AMOUNT	....CHECK.....
AMOUNT	#
*	603.67
*	208.33
*	83.33
*	.15
*	38.46
*	1.35

GOVERNMENTAL MANAGEMENT SERVICES
11/20/19 00047	11/11/19 56007	201910 320-53800-47300
RIGHT OF WAY MAINT-OCT19

*	8,693.46

935.29 001412

EARTHSCAPES UNLIMITED INC.
11/25/19 00055	11/24/19 4586	201911 320-53800-47000
POND MOWING-NOV19

*	1,501.69

8,693.46 001413

SHARP SITE SERVICES, LLC
12/03/19 00035	12/03/19 12032019 201912 300-20700-10000
FY20 DEBT SERVICE SER2016

*	17,258.69

1,501.69 001414

INDIGO EAST COD C/0 USBANK	17,258.69 001415

12/06/19 00019	12/01/19 198	201912 310-51300-34000
MANAGEMENT FEES-DEC19
12/01/19 198	201912 310-51300-34100
INFORMATION TECH-DEC19 12/01/19 198	201912 310-51300-31300
DISSEMINATION FEE-DEC19

*	603.67
*	83.33
*	208.33

GOVERNMENTAL MANAGEMENT SERVICES
12/09/19 00019	12/09/19 199	201912 310-51300-51000	*
OFFICE SUPPLIES DEC19
12/09/19 199	201912 310-51300-42000	*
POSTAGE DEC19
12/09/19 199	201912 310-51300-42500	*
COPIED DEC19

27.56
1.00
45.15

895.33 001416

GOVERNMENTAL MANAGEMENT SERVICES
12/10/19 00035	12/09/19 12092019 201912 300-20700-10000
FY20 DEBT SERVICE SER2016

*	13,171.05

73.71 001417

INDIGO EAST COD C/0 USBANK	13,171.05 001418

INDE INDIGO EAST	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/10/20
***  CHECK DATES 11/12/2019 - 02/10/2020 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST COD

PAGE	2

CHECK  VEND# ••...INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
12/20/19 00047	12/04/19 56342	201911 320-53800-47300
RIGHT OF WAY MAINT-NOV19

STATUS

*

AMOUNT	....CHECK.....
AMOUNT	#
8,693.46

EARTHSCAPES UNLIMITED INC.
12/20/19 00055	12/19/19 4632	201912 320-53800-47000
POND MOWING-DEC19

-  -  -  -  - -  -  - - -  -8,-69-3.-46- 001419
*	1,501.69

1/06/20 00040

SHARP SITE SERVICES, LLC
9/10/19 15762	201909 320-53800-47300
350-BALES OF PINESTRAW

- -  - - - -  -  -  -  - -1,-50-1.69-

-

*	1,410.50

001420

1/10/20 00019

EVERGLADES PINESTRAW, INC.
1/01/20 200	202001 310-51300-34000
MANAGEMENT FEES-JAN20
1/01/20 200	202001 310-51300-34100
INFORMATION TECH-JAN20
1/01/20 200	202001 310-51300-31300
DISSEMINATION FEE-JAN20 1/01/20 200	202001 310-51300-51000
OFFICE SUPPLIES
1/01/20 200	202001 310-51300-42000
POSTAGE
1/01/20 200	202001 310-51300-42500
COPIES

- -  -  - -  - - -  -  -  -1,-4-10.-50- 001421
*	603.67
*	83.33
*	208.33
*	.21
*	35.70
*	29.55

GOVERNMENTAL MANAGEMENT SERVICES
1/14/20 00047	12/27/19 56766	201912 320-53800-49000
RPLC TREE-MAINT/7GAL PINE 12/31/19 56882	201912 320-53800-47300
RIGHT OF WAY MAINT-DEC19

-  -  -  -  - -  -  -  -  -	-9-60.-7-9 001422

-

*	78.83
*	8,693.46

1/14/20 00026

EARTHSCAPES UNLIMITED INC.
1/07/20 19010	201911 310-51300-31400
ARBITRGE SER2016 10/31/19

-  - - -  -  - -  -  -  -  -8,-77-2.-29- 001423
*	600.00

GRAU AND ASSOCIATES
1/14/20 00022 12/24/19 5594414 201912 310-51300-32300
TRUSTEE FEES-SER2016 FY20

- - -  -  -  - -  - - - - -60-0.-00- 001424
*	2,020.31

USBANK
1/24/20 00026	12/02/19 18884	201911 310-51300-32200
FY19 AUDIT FEE-FINAL BILL

- - -  -  - -  - -  -  -  -2-,02-0.-31- 001425
*	3,500.00

1/24/20 00055

GRAU AND ASSOCIATES
1/17/20 4674	202001 320-53800-47000
POND MOWING-JAN20

- - - - -  -  - - -  - -3,-5-00.-0-0 001426
*	1,501.69

SHARP SITE SERVICES, LLC	1,501.69 001427

INDE INDIGO EAST	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 2/10/20
***  CHECK DATES 11/12/2019 - 02/10/2020 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD

PAGE	3

CHECK  VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

2/07/20 00019	2/01/20 201	202002 310-51300-34000
MANAGEMENT FEES-FEB20
2/01/20 201	202002 310-51300-34100
INFORMATION TECH-FEB20
2/01/20 201	202002 310-51300-31300
DISSEMINATION FEE-FEB20 2/01/20 201	202002 310-51300-51000
OFFICE SUPPLIES
2/01/20 201	202002 310-51300-42000
POSTAGE
2/01/20 201	202002 310-51300-42500
COPIES

*	603.67
*	83.33
*	208.33
*	.63
*	18.45
*	3.30

GOVERNMENTAL MANAGEMENT SERVICES	917.71 001428

TOTAL FOR BANK A TOTAL FOR REGISTER

72,407.66
72,407.66

INDE INDIGO EAST	TVISCARRA

S ECTION 2

•	•	•	•	•	•	•	•	•	•	•	•

•	•
•••••

Indigo East
Community Development District

Unaudited Financial Reporting January 31, 2020

Gh4S

Governmental Management St Nici• s .

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

 	Balance Sheet

 	General Fund

 	Debt Service Fund

 	Capital  Reserve Fund

 	Month to Month

 	Long-Term Debt

 	Assessment Receipt Schedule

Indigo East
Communi tv Development District Combined Balance Sheet
For the  Period Ended January 31, 2020

Governmental Fund Types	Totals

Assets:		
Cash	$290,873			$290,873	
Due from General Fund		$40,605		$40,605	
Accrued Interest Receivable		$190	$99	$289	
Investments - Bonds					
Series 2016
Reserve		
$32,905		
$32,905	
Revenue		$101,531		$101,531	
Prepayments		$15,944		$15,944	
Investments - Ogerat in g					
State Board Administration			$501,024	$501,024	
Total Assets	$290,873	$191,176	$501,123	$983,172	

Liabilities:
Accounts Payable				

$0	
Due to Debt Service	$40,605			$40,605	
Fund Balances:					
Restricted for Debt Service		$191,176		$191,176	
Assigned			$501,123	$501,123	
Unassigned	$250,268			$250,268	
Total Liabilities and Fund Equity	$290,873	$191,176	$501,123	$983,172	

Debt		Capital	(Memorandum Only) General Fund	Service	Reserves		2020

Indigo East
COMMUNITY DEVELOPMENT DISTRICT

General Fund
Statement of Revenues & Expenditures For the Period Ended January 31, 2020

	Adopted	Prorated Budget	Actual		
	Budget	Thru 1/31/20	Thru 1/31/20	Variance	
Revenues:					
Maintenance Assessments	$254,337	$232,246	$232,246	$0	
Interest	$0	$0	$21	$21	
Total Revenues	$ 254,337	$232,246	$232,267	s21 I	
Expenditures:					
Administrative					
Supervisor Fees	$4,000	$1,000	$1,000	$0	
FICA Expense	$306	$77	$61	$15	
Engineering	$1,200	$400	$0	$400	
Trustee Fees	$2,050	$2,050	$2,020	$30	
Dissemination	$2,700	$900	$933	($33)	
Arbitrage	$600	$600	$600	$0	
Assessment Roll	$5,000	$5,000	$5,000	$0	
Attorney	$6,000	$0	$0	$0	
Annual Audit	$3,700	$3,700	$3,500	$200	
Management Fees	$7,244	$2,415	$2,415	($0)	
Information Technology	$1,000	$333	$333	$0	
Telephon e	$100	$33	$0	$33	
Postage	$1,500	$500	$79	$421	
Printing & Binding	$800	$267	$79	$188	
Insurance	$6,650	$6,650	$6,193	$457	
Legal Advertising	$1,000	$333	$0	$333	
Other Current Charges	$700	$233	$172	$61	
Office Supplies	$200	$67	$28	$39	
Property Taxes	$35	$35	$0	$35	
Dues, Licenses, & Subs criptions	$175	$175	$175	$0	
Total Administrative	 	$44,960	$24,768	$22,588		s2,119 I

Mointe nance

Property Insurance	$400	$400	$370	$30
Water & Sewer	$2,500	$833	$837	($4)
Electric Expense	$25,432	$8,477	$7,349	$1,128
Irrigation Repairs		$3,000		$1,000		$0		$1,000 Retention Ponds/ROW M aintenance	$163,045	$54,348	$32,087	$22,261 Plant Replacement		$2,500			$833		$0			$833
Tree Trimming	$1,000	$333	$0	$333
Pressure Washing	$4,000	$1,333	$0	$1,333
Well Maintenance/ Repairs	$5,000	$1,667	$0	$1,667
Contingency	$2,500	$833	$79	$755

Total Maintenance	$209,377	$70,059	$40,723	$29,336

Total Expenditures	$254,337	$94,827	$63,311	$31,516

Excess Revenues (Expenditures)	so	$168,956
Fund Balance - Beginning	so	5 81 , 31 2
Fund Balance - Ending	so	$ 250,268
2

Indigo East
Community Development District
Debt Service Fund - Series 2016
For the  Period  Ended January 31, 2020

Adopted	Prorated	Actual
 	Budget	Thru 1/31/20	Thru 1/31/20	Variance	

Revenues:					
Assessments - Tax Roll	$87,581	$74,104	$74,104	$0	
Assessments - Prepayments	$0	$0	$15,934	$15,934	
Interest	$200	$67	$72	$6	
Total Revenues	I 	$87,781	$74,170	$90,110		$15,940 1

Expenditures:		
Series 2016		
Special Call - 11/1	$25,000	$25,000	$25,000	$0	
Interest - 11/1	$22,800	$22,800	$22,800	$0	
Principal - 5/1	$45,000	$0	$0	$0	
Interest - 5/1	$22,800	$0	$0	$0	
Total Expenditures	 	$115,600	$47,800	$47,800		$0 I

Excess Revenues (Expenditures)	t 	($27,819)	$42,310	

Fund Balance - Beginning		$115,944	$148,866	
				
Fund Balance - Ending		$88,125	$191,176	

3

Indigo East
Community Development District
Capital Reserves Fund
For the  Period  Ended January 31, 2020

	Adopted	Prorated	Actual		
	Budget	Thru 1/31/20	Thru 1/31/20	Variance	

Revenues:					
Interest	$10,000	$3,333	$3,180	($154)	

Total Revenues	 	$10,000	$3,333	$3,180	($154) 1	
Expenditures:					
Capital Outlay	$0	$0	$0	$0	

Total Expenditures	
$0	
$0	
$0	$0 I	
					
Excess Revenues (Expenditures)	$10,000		$3,180		

Fund Balance - Beginning	$498,011		$497,943		

Fund Balance - Ending	$508,011		$501,123		

4

Indigo East
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
Month to Month Detail

Revenues:

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total

Maintenance Assessments	$4,386	$46,450	$95,042	$86,369	$0	$0	$0	so	$0	$0	$0	$0	$232,246
Interest	$3	$3	$6	$9	so	$0	$0	$0	$0	$0	$0	$0	$21

Total Revenues	$4,389	$46,453	$95,048	$86,378	$0	$0	$0	$0	$0	$0	$0	$0	$232,2671

Expenditures:

Admini$trative

Supervisor Fee	$0	$1,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,000 FICA Expense	$0		$61	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$61
Engineering	$0	$0	$0	$0	$0	so	$0	$0	$0	$0	$0	$0	$0
Trustee Fees		$0		$0	$2,020		$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,020 Dissemination	$308	$208		$208	$208	$0	$0	$0	$0	$0	$0	$0	$0		$933 Arbitrage		$0	$600			$0		$0	$0	$0                  $0                  $0                   $0                   $0                   $0                   $0                   $600 Assessment Roll                                                               $5,000                         $0                     $0                     $0                     $0                     $0                     $0                      $0                      $0                      $0                     $0                      $0                 $5,000 Attorney                                                                                                        $0                      $0                      $0                      $0                      $0                      $0                      $0                      $0                      $0                      $0                      $0                      $0                  $0
Annual Audit			$0	$3,500			$0			$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,500 Management Fees	$604		$604	$604	$604	$0	$0	$0	$0	so	$0	$0	$0	$2,415 Information Technology		$83			$83		$83		$83	$0	$0                     $0                    $0                     $0                     so             $0                    $0                    $333
Telephone	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Postage	$4	$38	$1	$36	$0	$0	$0	$0	$0	so	$0	$0	$79
Printing & Binding		$3	$1	$45	$30	$0	$0	$0	$0	$0	$0	$0	$0		$79 Insurance	$6,193	$0		$0		so	$0	$0	$0	$0	$0	$0	$0	$0	$6,193 Legal Advertising		$0	$0		$0		so	$0	$0                   $0                   $0                   $0                   $0                    $0                    $0                   $0  Other Current Charges $44 $42 $42 $44 $0  $0  $0  $0  $0  so $0  $0 $172
Office Supplies	$0	$0	$28	$0	$0	$0	$0	$0	$0	$0	$0	$0	$28
Property Taxes	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Dues, Licenses, & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$175
Total Administrative	$12,414	$6,138	$3,032	$1,005	$0	$0	so	$0	$0	$0	$0	$0	$22,588 l

Mqintenance:
Property Insurance		$370			$0			$0			$0	$0	$0	$0	$0	$0	$0	$0	$0	$370 Water & Sewer		$158		$209		$240		$230	$0	$0	$0	$0	$0	$0	$0	$0	$837 Electric Expense	$1,790	$1,892	$1,790	$1,877	$0	$0                  $0                  $0                  $0                 $0                  $0                   $0                $7,349 Irrigation Repairs                                                     $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                    $0                      $0 Retention Ponds/ROW Maintenance $10,195 $10,195 $10,195 $1,502 $0  $0  $0  $0  $0  $0  $0  $0 $32,087

9	$0	$0	so		$0		$0	
 	$0		
$0	
$0	s4□, m I	

3	$0	$0	$0	$0		$0	
 	$0 	
$0	
$0	$63,311l	

Plant Replacement	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0 Tree Trimming	$0	so	$0	$0	so	$0	$0	$0	$0	$0	$0	so	$0 Pressure Washing	$0	$0	$0	so	$0	$0                   $0                   $0                   $0                   $0                   $0                   $0                    $0 Contingency                                                                                        so             $0                   $79                     $0                     $0                     $0                     $0                     $0                     $0                      $0                     $0                     $0                     $79

Total Maintenance	 	$12,513	$12,297	$12,304	S3,60

Total Expenditures	 	$24,927	$18,435	$15,336	$4,61
Excess Revenues {Expenditures)	($20,539)	$28,018	$79,712	$81,765	$0	$0	$0	$0	$0	$0	$0	$0	$168,!156 !

5

Indigo East
Communit y Develo pment District
LONG TERM DEBT REPORT

SERIES 2016, SPECIAL ASSESSMENT BONDS		

INTEREST RATE:	3.561%, 4.125% 4.500%		
MATURITY DATE:	5/1/2037		
RESERVE FUND DEFINITION	Flat Rate		
RESERVE FUND REQUIREMENT	$32,905		
RESERVE FUND BALANCE	$32,905		

BONDS OUTSTANDING -11/17/16	
$1,745,000	
LESS: PRINCIPAL PAYMENT 5/1/17	($25,000)	
LESS: PRINCIPAL PAYMENT 5/1/17 Prepayment	($145,000)	
LESS: PRINCIPAL PAYMENT 11/1/17 Prepayment	($190,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($55,000)	
LESS: PRINCIPAL PAYMENT 5/1/18 Prepayment	($170,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($40,000)	
LESS: PRINCIPAL PAYMENT 5/1/19 Prepayment	{$10,000)	
LESS: PRINCIPAL PAYMENT 11/1/19 Prepayment	($25,000)	
CURRENT BONDS OUTSTANDING	$1,085,0 0 C	

6

INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENTS FY 2020 RECEIPTS

MAINTENANCE

I

Gross Assessments $ 270,435.00 Certified  Net Assessments  $	254,208.90 !

Date		
ACH	Gross Assessments	Collection
Received	Fee	Commissions
Paid	Interest	Net Assessments
Income	Received	
	..,;'--	l	
10/30/19 I	i	ACH	$	4,475.57 I $	89.51 j $			$	$	4,386.06	
11/25/19	:	
ACH	1   $	37,   957.     54    \    $	759.15 l $	....	.......	$     ......     ..........     ......    $  .........3.	7 j9 g.j9	
12/9/19
12/13/19		ACH ACH	! $	39,479.21 I $	789.58  ! $
$	57,501.99 : $	1,150.04  i $			$	$
$	$	38,689.63
56,351.95	
••....1/10/20 ......r···--..ACH........... 1$ 	,2. 574.   73 
1/3/20	!	ACH	$	67,919.29

1/28/20	j	ACH	$	15,970.27 
1/29/20	!	ACH	.   ..$	1,666.98	1  $	1,358.39 l    $	·	$	·	$	66,560.90	
	[$    .....  .....  ...  ..  51.491 $.    ......   ...  ........   •   ...  I   $    ··-··-..··...·.  -·  .$.  ......- ...2,523.24	
	i $	319.41 ! $	$	$	15,650.86	
	j $	··33.3.4'T.$	$	$	1,633.64	
	i		S	!$	-	IS			i S	$		
....................+·-···-- - - -t-i- - -	: ;	. !-}  ···..	d ·····..·...................1;  -       -       -	
	
-·-···-·-· -•i = :.· ·. -- -=.-. . l	! ;	....:._    ..............	i	-..   .........     .....·}	, ..	
	'			S$	.    •_.....1i$"$ 	.........	I !$	.  $	$
$	$	$	
,- •• 	!+i-		S$	-	• .      i s!$	I ! S$			s $	,  $_    _
$	_    _	..	
	
I	$	·	i $	I $	$	..$
:_......................+··-····-·-·......................·-··-- -	:-······..,......    	............+·..·. -·...,............  . _....................._.	
Total Collected				$	236,986.18    $	4,739.72   $	$	$	232,246.46	
Percentage Collected	91%	

100%

 	 	 	

.

DEBT SERVICE

Gross Assessments    $	92,688.DD Certified  Net  Assess  me nts -! $ -     -  -8-7,-1-26-.72 1

Gross Assessments	Collection	Commissions	Interest	Net Assessments
Date	ACH	Received	Fee	Paid	Income	Received	
·.....io/3oi'i9- 1l ----..	-$	 		:	IIT  ·-· -····---=-·i  ! T  -·	- · s
··· ilcii  ...........	3,m   .    3·4 r-s ·	62.  6 3..	ioGsji	
··-  j  j :  +-·	·--·1!  :::  ,', ;	2  ::+;	I:	;	1!:  Ts	
12/9/19	t'	ACH	$	13,43. : ?..,..L.	268.80 ! $	I $	$	13,171.05
--     12/13/19 ...._....   .....ACH	$	3,  2  4. 412   i   $	64.88  i $	1   · S°-    -  -····-    .-·  $   ·-·"·i'll9.24.
1/3/20	ACH	$	27,934.14 : $	558.68 '1   $	I $	$	27,375.46
..-17io120	AcH	s	1,390.31 1    s	21.81   s	1.. s	. s...	1,362.so
1/28/20	i	ACH	$	8 ,006.43:    $	160     .13     !   $	-f$.$_ _   _    _    _	$$	7 , 846.30
---v:i9/20	!	ACH	$	858.96 i $	17.18 : $	841.78
•H-  •- -   ··1	s	-	1  s	l   s	!··s	s
-··········-··..·····-+··-···..................	:·····H·····..--.........:..-1+...- ....-....... .-H-.....	..., ;---·- -·......_._...	
 		---------·--++.......................-..·...:·..-:j···....·-·-- : l	I	 	 !'------
!----., 	
	
	I	S	!.  $	1$	i  s	I S
i	$	!$	!$	! $	$	
		
, 	!	$	i  $	! $	I $	,...S- - · -·.. ·-
$	i $	I$	d	S
	
Total Collected	$	75,616.06   $	1,512.33   $	$	$	74,103.73	
Percentage Collected	85%	

100%

·

·
-

7

S ECTION 3

INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT
$1,745,000
SPECIAL ASSESSMENT REVENUE REFUNDING BONDS SERIES2016
ARBITRAGE REBATE REQUIREMENT OCTOBER 31, 2019

fJ

Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

951 Yamato Road• Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

November 22, 2019

Indigo East Community Development District Marion County, Florida

Re:		$1,745,000 Indigo East Community Development District (Marion County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016 (the "Bonds")

Indigo East Community Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended  October  31, 2019 ("Computation Period"). The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code"). You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

In order to prepare these computations, we were  provided  with  the  following information: various trust statements and the Official Statement  for the Bonds.  We did not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information provided to us. A brief description of the attached schedules is attached.

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($4,335) for October 31, 2019. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.

The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We 'h ave no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose of complying with the Code and the Arbitrage Rebate Regulations. Our report is not to be used for any other purpose.

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.

Purpose Expenditures Future Value Report - Verifies the rebate calculation. The report future values the purpose expenditures by the arbitrage yield limit to the computation date (October 31, 2019).

Arbitrage Yield Limit (AYU Verification Report - Verifies the calculation of the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.

True Interest Cost (TIC) Verification Report - Verifies the calculation of the true interest cost and the gross proceeds. Discounts the debt service schedule by the true interest cost.

Unspent Proceeds Report - Verifies the amount of unspent proceeds. Lists purpose expenditures in chronological order.

Internal Rate of Return (IRR) Report Via Purpose Expenditures  -  Verifies  the  internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.

Indigo East CDD
Series 2016 Special Assessment Revenue Refunding Summary of Rebate Calculations
$ I, 745,000.00

Dated:
Delivered:

11/08/2016
11/08/2016

- .4nniven ary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	05/01/2017	
F11t11re-Vallle Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10/31/2019	
Arbitrage Yield Umit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4.2559827	
Total of P11,pose Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$1,709,827.00	
Internal Rate efRe111rn. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.2173394	
90% oj"rebate liabiliry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$3,901 .59	
Full rebate /iabili[v. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •. . . . . . . . . . .	-$4,335.10	

INDIGO EAS-2016-A I FY: 11 Mun-EaseElevateMainObI 16.95f EOB I 11/21/2019I 16:35 I Rpt22
Grau & Associates
Grau & Associates CPAs

Page	1

Indigo East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Purpose Expenditures Future Value Report	F11t11rt V alutd To:	10/31/2019
$ 1.745,00000
Transaction	GrollfJ  Fund	Future V alue Cal.11/ation Ami	FV	FV
Date	ID	ID	Descriptio11	Period!	(Int. Earnin,g,J)	Pool%	Factor	Amo1111I

I 1/8/2016	-1	COi	Beg. Arbitrage Gross Proceeds	5 .96 11111	-1,742 , 51 1.15	l0 0.0000000      1.1337391	-1,975 , 552.96
11/8/2016	2017	Underwriter's Discount	5.96 11111	34 ,900 .00	100 .0000000      1.1337391	39,567.49
11/8/2016	2017	Transferred Funds	5.961 1111	-251,652.00       100.0000000      1.1337391	-285,307.70
11/8/2016	2017	Payment 10 escrow	5 .96 11111	1,868 , 480.00	100 . 0000000	1.1337391	2, 118 , 368 .77
11/17/2016	2017	COi	5.91 11111	48,072.00	100.0000000    1.1325461	54,443.75
11/30/2016	2017	COi	5.8388889	3,250.00	l00.0000000     1.1308250	3,675.18
12/2/2016	2017	Reserve	5.8 277778	1.00	100 .0000000   1.1305605	1.13
12/6/2016	2017	COi	5.8055556	2,925.00	100 .0000000    1.1300316	3,305.34
1/4/2017	2017	Reserve	5.6500000	3.00     100.0000000    1.1263363	3.38
2/2/2017	2017	Reserve	5 .49 44444	4.00     100.0000000    1.1226530	4.49
J/212017	2017	Reserve	5.3277778	4.00     100.0000000    1.1187200	4.47
4/4/2017	2017	Reserve	5. 1500000	4.00     100.0000000    1.1145400	4.46
5/212017	2017	Reserve	4 .9944444	5.00	l0 0.0000000    1.1108953	5.55
5/18/2017	2017	COi	4.9055556	3,634.00	I00.0000000   1.1088180	4,029.44
6/2/2017	2017	Reserve	4.8277778	6.00	100.0000000    1.1070036	6.64
7/5/2017	2017	Reserve	4.6444444	5.00	l00 .0000000   1.1027383	5.51
8/212017	2017	Reserve	4.4944444	6.00	100 .0000000	1.0992608	6.60
9/5/2017	2017	Reserve	4 .3 111111	6.00      100.0000000     1.0950254	6.57
10/3/2017	2017	Reserve	4.1555556	5.00     100.0000000    1.0914446	5.46
11/2/2017	2018	Reserve	3.9944444	6.00	100 .0000000	1.0877482	6.53
12/4/2017	2018	Reserve	3.8166667	5.00	100 .0000000	1.0836839	5.42
1/3/2018	2018	Reserve	3 .65 55556	6.00	100.0000000    1.0800138	6.48
2/2/2018	2018	Reserve	J.4944444	6.00	I 00 . 0 000000    1.0763561	6.46
3/2/2018	2018	Reserve	3.3277 778	5.00   100 .0000000	1.0725853	5.36
4/3/2018	2018	Reserve	3. 1555556	6.00	I00.0000000    1.0687027	6.41
5/2/2018	2018	Reserve	2.9944444	7.00	I 00 . 0000000	1.0650833	7.46
6/4/2018	2018	Reserve	2.8166667	7.00	J 00.0000000    1.0611037	7.43
7/3/2018	2018	Reserve	2 .6555556	7.00     100.00()0000    1.0575100	7.40
8/2/2018	2018	Reserve	2 .49 44444	8.00      100 .000 0000     1.0539286	8.43
9/5/2018	2018	Reserve	2.3111111	8.00     100.0000000    1.0498678	8.40
10/212018	2018	Reserve	2.1611111	8.00	I 00 .000000  0   1.0465571	8.37
11/212018	2019	Reserve	1.9944444	8.00     100.0000000     1.0428907	8.34
12/4/2018	2019	Reserve	1.8166667	8.00	l00.0000000    1.0389940	8.31
1/3/2019	2019	Reserve	1.6555556	8.00     100.0000000     1.0354752	8.28
2/412019	2019	Reserve	1.4833333	8.00	I 00 . 0000000	1.0317269	8.25
3/4/2019	2019	Reserve	1.3166667	8.00     100.00()0000    1.0281125	8.22
4/212019	2019	Reserve	1.1611111	8.00    100.0000000   1.0247504	8 .20
5/2/2019	2019	Reserve	0 .9944444	l!.00     100.0000000    1.0211604	8.17
6/4/2019	2019	Reserve	0 .8166667	8.00     100.0000000    1.0173450	8.14
7/2/2019	2019	Reserve	0 .6611 111	8 .00	100  .0000  000   1.0140181	8.11
8/2/2019	2019	Reserve	0.4944444	7.00	I 00.0000000   1.0 104657	7.07
9/4/2019	2019	Reserve	0 .3166 667	6.00     100.0000000    1.0066902	6.04
10/212019	2019	Reserve	0 . 16 11111	5.00     100 .00 00000    1.0033982	5.02
10/31/2019	-I	Unspent Proceeds as or 10/31/2019	0.0000000	32,905.00       100.0000000     1.0000000	32,905.00

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDbI 16.95f EDB 111/21/2019 J 16:35I Rpl15a
Grau & Associates

Pdqe	1

G 0 au & Assoc1a:es CPAs	·

Indigo East CDD	Dated:	11/08/2016	
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016	

Purpose Expenditures Future Value Report
$ 1.745.000.00

FN/Jm V o/11t dTo:	10 / 31/2019

T ransaclion Date

Gro11p Fund

	220.85	
Arbitrage Yield Umit (AYL) ..•............	4.2559827	
lnter1U1/ Rale of Return (I RR) . , .. , ... , . . . . .	0.2173394	
Furure Valued To..• • •• • • • • .• •• • • • • • • .• . . .	10/31/2019	

lD	ID	Desaiplion

F11111re /I  a/Ne   Cakulation Amt
Period.I	{lnl. Earnings)	Pool%

FT/ Fa,·tor

FV
Amount

-4,335.IO

INDIGO EAS-2016-A I FY: 1 I Mul')-EaseElevateMainDb I 16.95f EOB I11/21/2019) 16:35 J Rpt15a

f)c1ge

Grau & Associates
2
Grau & Associates CPAs
I

Indigo East CDD	Dated:	11/0812016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/0812016
A.Y.L. Verification Report	PMS Bonds
MS RB W I 360 SElv!l 4/ 3
I. 745. 000.00

Period	Coupon Date	Primipal Pqyment	Coupon Rate	ln lem t Pqymenl	Cred. Enh./ Sinking Fllnd Aefj	Periodi,· Debi S eroice	Present Value Fa.-tor	Disiv,mted Debt Smi,-r	
I	05/01/2017	25,000.00	3.000	33,966.25		58,966.25	0.9799656	57,784.90	
2	11/01/2017			34,965.62		34,965.62	0.9595466	33,551.14	
3	05/01/2018	60,000.00	3.000	34,965.62		94,965 .62	0.9395529	89,225.23	
4	11/01/2018			34,065.62		34,065.62	0.91997 59	31,339.55	
5	05/01/2019	60,000.00	3.000	34,065.62		94,065.62	0.9008068	84,734.95	
6	11/01/2019			33,165.6 2		33,165.62	0.8820372	29,253.3 I	
7	05/01/2020	65,000.00	3.500	33,165.62		98, 165.62	0.8636586	84,781.58	
8	11/01/2020			32,028.12		32,028.12	0.8456630	27,084.99	
9	05/01/2021	65,000.00	3.500	32,028.12		97,028.12	0.8280423	80,343.39	
IO	11/01/2021			30,890.62		30,890.62	0.8!07888	25,045.77	
II	05/01/2022	65,000.00	3.500	30,890.62		95,890.62	0.7938948	76,127.06	
12	11/01/2022			29,753.12		29,753.12	0.7773528	23,128.67	
13	05/01/2023	70,000.00	3.500	29,753. 12		99,753.12	0.7611 554	75,927.63	
14	11/01/2023			28,528.12		28,528.1 2	0.7452956	21,261.88	
15	05/01/2024	70,000.00	3.750	28,528.12		98,528.12	0.7297663	71,902.50	
16	11/01/2024			27,215.62		27,215.62	0. 7145605	19 ,447.21	
17	05/01/2025	75,000.00	3.7S0	27,215.62		10 2,215.62	0.6996715	71,517.36	
18	11/01/2025			25,809.37		25,809.37	0.6850928	17,681.81	
19	05/01/2026	80,000.00	4,125	25,809.37		105,809 .3 7	0.6708179	70,978.82	
20	11/01/2026			24,159.37		24,159.37	0.6568404	15,868.85	
21	05/01/2027	80,000.00	4.12 5	24,1 59.37		104,159.37	0.6431541	66,990.52	
22	11/01/2027			22,509.37		22,509.37	0.6297530	14,175.34	
23	05/01/2028	85,000.00	4.125	22,509.37		107,509.37	0.61663 11	66,293.63	
24	11/01/2028			20,756.25		20,756.25	0.6037827	12,532.26	
25	05/01/2029	85,000.00	4.125	20,756.25		105 , 756.2S	0.5912020	62,523.30	
26	11/01/2029			19, 003.13		19,003 . 13	0.5788834	11,000.60	
27	05/01/2030	90,000.00	4.125	19,003.13		109,003.13	O.S668215	61,785.31	
28	11/01/2030			1 7,146.88		17,146.88	0.5550109	9,516 . 71	
29	05/01/2031	95,000.00	4.125	1 7,146 . 88		11 2,146 .88	0.5434464	60,945.82	
30	11/01/2031			15,187.50		15,187.50	O.S321229	8.081.62	
31	05/01/2032	10 0,000.00	4.500	15,187 .50		115,187.50	0.5210353	60,016. 75	
32	11/01/2032			12,937.50		12,937.50	0.5101787	6,600.44	
33	05/01/2033	105, 000.00	4.500	12,937.50		117,937.50	0.4995484	58,915.49	
34	11/01/2033			10,575.00		I0,575.00	0.4891395	5,172.65	
35	05/01/2034	110,000.00	4.500	10 , 5 75.00		120,575.00	0.4789476	57,749.10	
36	11/01/2034			8,100.00		8,100.00	0.4689680	3,798.64	
37	05/01/2035	115,000.00	4.500	8,100.00		123,100.00	0.4591963	56,527.07	
38	11/01/2035			5,512.50		5,512 .50	0.4496283	2,478.58	
39	05/01/2036	120 ,000 .00	4.500	5,512.50		125,512.50	0.4402596	55,258.08	
40	11/01/2036			2,812.50		2,812.50	0.4310861	1,212.43	
41	05/01/2037	125,000.00	4.S00	2,812.50		127,812.50	0.4221038	53,950.14	

Grau & Associates
Grau & Associates CPAs

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb 116.951EDB (11/21/2019 11 6:38 I Rpt01h

Pciq,.,	1
-

Indigo East COD
Series 20 I 6 Special Assessment Revenue Refunding
A.Y. L. Verification Report
1, 745,000.00

Dated.·	11/08/2016
l)elivered:	11108/2016
FMS Bonds
MSRB JOI 160 SEMI 4/ J

Period	Co11pon
Date	Principal Payment	Coupon Rate	interest Pqymenl	Cred. Enh./
Sinking Fund Adj	Periodic
Debt Service	Present v'a/11e
Fa.tor	Discounted DebtServi.-e	
		1,745,000.00		904,209.91	0.00	2,649,209.91		1,742,Sll.07	

True /merest Cost (fie_,. . . . . . . . . . .	4.4812751		Face value of bond Issue. . . .		$1,745,000.00	
;Vet Interest Cost (NICJ . . . . . . . . . . . . . . .	4.4449485		Accrued interest(-) . . . . . . . . . . . . . . . . . .	.		
Arbitrage Yield Limfl (AYLJ . . . . . . . . .	4.2559827		Original issue premiumidiscoum (-_1. . . . .		($2,488.85)	
Arbitrage Net Interest Cost (ANICj.	4.2901724		Bond suretyJee (-). . . . . . . . . . . . . . .		$0.00	
			lump-sum credit enhancemems (-J. . . . . . .
Other ,IYL costs (-.J. . . . . . . . . . . . . . . . . .	.
.	$0.00	
			AYL Target. . . . . . . . . .		$1,742,511.15	

INDIGO EAS-2016-A I FY: 11 Mun-EaseElevateMainDb116.95f EDB 111121/2019 I 16:3 8 I Rpto1h
Grau & Associates
Grau & Associates CPAs	Page	2

Indigo East COD

MJRB Y}/ }6(J SEMI -ii J

Series 2016 Special Assessmenl Revenue Refunding	FMS B,mJ;
T.I.C. Verification Reoort (Regular)	Daled:	II / 8/10 16
I,745,000.00	D,li,., ,,,d:	11/8/2016

Period	Coupon Date	Principal Pt!Jmenl	Coupon Rate	lnleresl Pt!Jment	Credit Enhancemenl.r	PenodJi:
Debt S eroii-e	Present Vame Factor	Discounted Debt Sefllice	
	5/1/2017	25,000.00	3.000	33,966.25		58,966.25	0.9789279	57,723.71	
2	I 1/1/2017			34,965.62		34,965,62	0.9574744	33,478.68	
3	5/1/2018	60,000.00	3.000	34,965.62		94,965.62	0.9364910	88,934.45	
4	11/1/2018			34,065.62		34,065.62	0.9159675	31,203.00	
5	5/1/2019	60,000.00	3.000	34,065.62		94,065.62	0.8958937	84,272.80	
6	11/1/2019			33,165.6 2		33,165.62	0.8762599	29,061.70	
7	5/1/2020	65,000.00	3.500	33,165.62		98,165.62	0.8570564	84,133.47	
8	11/1/2020			32,028.12		32,028.12	0.8382737	26,848.33	
9	5/1/2021	65,000.00	3.500	32,028.12		97,028.12	0.8199027	79,553.62	
10	11/1/2021			30,890.62		30,890.62	0.8019342	24,772.2 5	
II	5/1/2022	65,000.00	3.500	30,890.62		95,890.62	0.7843596	75,212.73	
12	11/1/2022			29,753.12		29,753.12	0.767 I 701	22.825.70	
13	5/1/2023	70,000.00	3.500	29,753.12		99,753.12	0.7503573	74,850.48	
14	I 1/1/2023			28,528.12		28,528.12	0.7339130	20,937.16	
15	5/1/2024	70,000.00	3.750	28,528.12		98,528.12	0.7178290	70,726.34	
16	11/1/2024			27,215.62		27,215 .6 2	0.7020976	19,l08.02	
17	5/1/2025	75,000.00	3.750	27,215.62		102,215.62	0.6867109	70,192.58	
18	11/1/2025			25,1109.37		25,809 .37	0.6716614	17,335.16	
19	511/2026	80,000.00	4.125	25,809.37		105,809.37	0.6569417	69,5I0.59	
20	11/1/2026			24,159.37		24,159.37	0.6425446	15,523.47	
21	5/1/2027	80,000.00	4.125	24,159.37		104,159.37	0.6284630	65,460.31	
22	11/1/2027			22,509.37		22,509.37	0.6146900	13,8 36.29	
23	5/1/2028	85,000.00	4.1 25	22,509.37		107,509.37	0.6012189	64,636.67	
24	11/1/2028			20,756.25		20,756.25	0.5880430	12,205.57	
25	5/1/2029	85,000.00	4.125	20,756.25		105,756.25	0.5751558	60,826.32	
26	11/1/2029			19,003 .13		19,003.13	0.562551 I	10,690.23	
27	5/1/2030	90,000.00	4.125	19 ,003.13		109,003.13	0.5502226	59,975.99	
28	1111/2030			1 7,146.88		17,146.88	0.5381643	9,227.84	
29	5/1/2031	95,000.00	4.125	17,146.88		112,146.88	0.5263702	59,030.78	
30	11/1/2031			15,187.50		15,187.50	0.5148347	7,819.05	
31	5/1/2032	100,000.00	4.500	15,187.50		115,187.50	0.5035519	58,002.88	
32	11/1/2032			12,937.50		12,937.50	0.4925164	6,371.93	
33	5/112033	105,000.00	4.500	12,937.50		117,937.50	0.4817227	56,813.17	
34	11/1/2033			10,575.00		I0,575.00	0.4711656	4,982.58	
35	5/1/2034	I J0,000.00	4.500	I0,575.00		120,575.00	0.4608399	55,565.77	
36	11/1/2034			8,100.00		8,I00.00	0.4507404	3,651.00	
37	51112035	115,000.00	4.500	8,100.00		123,100.00	0.4408623	54,270.15	
38	11/112035			5,512.50		5,512.50	0.43120 06	2,376.99	
39	5/1/2036	120,000.00	4.500	5,512.50		125,512.SO	0.4217507	52,934.99	
40	11/1/2036			2,812.50		2,812.50	0.4125079	1,160.18	
41	5/1/2037	125,000.00	4.500	2,812.50		127,812.50	0.4034677	51,568.21	
INDIGO EAS-2016-A I  FY: 1 I Mun-EaseElevateMainDb I16.95f EDB I 11/21/2019I16:38 I Rpto1a
Grau & Assoc iates	Page	1
Grau & Associates CPAs

Indigo East CDD
Series lO16 Special Assessment Revenue Refunding

2
.\-ISRJ:I 10/ J6•J SEMI ./,/ .!
fMS8011d,

T.I.C. Verification Reoort (Regular)
I, 745.000.00

Oat d:
De/it,red:

II f.t / 2016
II /8/ 2')16

	Coupo11	Pn.itcipal	Coupon	Interest	Credit	Periodic	Present Value	Di,.vunted	
Period	Date	P(!Jmenl	Rate	P(!Jment	E11hancemenls	Debt Servi,-e	Fodor	Debi Servi.-r	
1,745,000.00	904,109.91	0.00	1,649,109.91	I,707,611.11

True fnteresl Cost /TIC) . . . . . . . . . . . . .	4.4812751		Face value of bond Issue.	$1,745,000.00	
Net !merest Cos/ (NIC). . . . . . . . .	4.4449485		Accrued imeres/ (·) . . . . . .		
hbitrage Yield limi1 (AYL} . . . . . . .	4.2559827		Original issue premiumidiscount ( ·.J ..	($2,488.85)	

Arbitrage Net !meres,Cos/ (AN/CJ

4.2901724

Underwriter  discount f-  J	•
lump-sum  credit  ,mhancemems (-J . .  . . .  . . .
Other TIC cos1s , ) ....................
Bond surely fee I-) .....
TIC Targel

($34,900.001
$0.00

N/A
$1,707,611.15

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb 116.95f EDB f 11121/2019 I 16:38 I Rpt01a
Grau & Associates	Page	2
Grau & Assoc,ates CPAs

Indigo East CDD	Dat ed:	11/0812016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Unspent Proceeds Report
S 1,745,000.00

Cok Datt	Grp
ID	
Pmp	F1111d
lD	
Dmription	Grots A111011nl	Pool Perre11toge	No,rpu,pou
In11es/111e11/	P11rpou
Expendiluns	U11spn,1
Pro,wfs	
11/08/2016	-1	N	COl	Beg. Arbitrage Gross Proceeds		100.0000000			1,742,511.15	
11/0812016	2017	y		Undcrwrilcfs Discount	34,900.00	I 00.0000000		34,900.00	1, 707,611.15	
I l/0812016	201i	y		Paiymenl lo escrow	1,868.,480.00	I00.0000000		1,868,480.00	-160.868.85	
11; 0&12016	2017	y		Transferred Fwtds	-251,652 .00	100.0000000		-251,652 .00	90,78315	
11,1712016	2017	y		
COi	48,072.00	100.0000000		48,072.00	42,711.15	
ll i 3 0i2016	2017	y		
COi	3,250.00	I00.0000000		3,250.00	39,461.1 S	
1210212016	2017	y		Reserve	1.00	I00.0000000		1.00	39,460.15	
1210612016	2017	y		
COi	2,925.00	I00.0000000		
2,925.00	
36.535.15	
01,0412017	2017	y		
Rcserv•	3.00	100.0000000		
3.00	
36,S32.15	
02.'02.'2017	2017	y		Reserve	4.00	I 00.0000000		
4.00	36,528.15	
03/02/2017	2017	y		Reserve	4.00	I 00.0000000		
4.00	
36,524.15	
04i04t2017	2017	y		Reserve	4.00	100.0000000		4.00	36,520.15	

Oj /02/201 7	
2017	
y		
Reserve	
5.00	
I00 .0000000		mo	
36,515.15	
OSilS/2017	
201;	y		COi	3,634.00	I 00.0000000		3,634.00	32,881.15	
06102/2017	2017	y		Reserve	6.00	I00.0000000		
6.00	
32,875.15	
07105;2017	2017	y		Reserve	5.00	100.0000000		S 00	32,870.15	
08/02/2017	2017	y		Reserve	6.00	I00.0000000		
6.00	}2,864.1S	
09105/2017	2017	y		Reserve	6.00	I 00.0000000		
6.00	
32,858.15	
10103; 2017	2017	y		Reserve	5.00	100.0000000		
5.00	
32,853.15	

11/0212017	2018	y		Reserve	6.00	I00.0000000		
6.00	
32,847.15	
12104/2017	2018	y		Reserve	5.00	I00.0000000		S.00	
32,842.15	
01103; 2018	2018	y		Reserve	6.00	100.0000000		6.00	32,836.15	
02102;2018	2018	y		Reserve	6.00	100.0000000		
6.00	
32,830.15	
03/02/2018	2018	y		Reserve	S,00	100.0000000		5.00	32,825.15	

04/0312018	2018	y		
Reserve	
6.00	I00.0000000		
6.00	
32,819.15	
,OS 0212018	2018	y		Reserve	7.00	I00.0000000		7.00	32,812.15	

INDIGO EAS-2016-A I FY: 11 Mun-EaseElevateMainDb I 16.95fEDB I11/21/2019 I 16:35 I Rpl11
Grau & Associates
Gr au  & Associates CPAs	Page	1

Indigo East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Unspent Proceeds Report
$ l ,745.000.00

Cak
Date	Grp
ID	
P11,p	Fu11d
ID	
Des,·riptio11	Gross
Amount	Pool
Pmt11lt1.f1/	N1mpu,pos,
l ni·eslmmt	Pu,pou
Expmtlil11m	1J11spent
Promdr	

06104,2018	

2018	
y		
Reserve	

'7.00	

I00.0000000		

7.00	

32,805.15	

0703,2018	
2018	y		Reserve	
7,00	
100.0000000		
7.00	
32,798.15	

08/0212018	
2018	y		Reserve	8.00	
I00.0000000		
8.00	
32,790.15	

09105,2018	
2018	y		Reserve	
8.00	
100.0000000		
8.00	
32,782.15	

1, 0 0 2:2018	
2018	y		Reserve	8.00	
100.0000000		
8.00	
32,774.15	

11.-02/2018	
2019	y		Reserve	
8.00	
100.0000000		
8.00	
31,766.15	

12.0412018	
2019	y		
R•serv•	
8.00	
100.0000000		
8.00	
32,758.15	

01 0312019	
2019	y		Reserve	
800	
10 0.0000000		
8.00	
32,750.15	

02!0, 4 2019	
2019	y		Reserve	
8.00	
I 00.0000000		
8.00	
32,742. IS	

03,0412019	
2019	y		
Resen,·e	
8.00	
I00.0000000		
8.00	
32,734.15	

04:02,2019	
2019	y		Reserve	
MOO	
I00.0000000		
8.00	
32,726.15	

05102/ 2019	
2019	y		
Reseive	
8.00	
100.0000000		
8.00	
32,718.15	

06,0412019	
2019	y		Reserve	
8.00	
100 .0000000		
8.00	
32,710.15	

07 02, 2019	
2019	y		Reserve	
8.00	
100.0000000		
8.00	
32, 702. I S	

0, 80 2:2019	
2019	y		Reserve	
7.00	
100.0000000		
7.00	
32,695.1 S	

09 , 04/2019	
2019	y		Reserve	
6.00	
I00.0000000		
6.00	
32,689.15	

10 ; 0 212019	
2019	y		
Reserve	
5.00	
100.0000000		
5.00	
32,684.15	
					1,709,827.00		0.00	1,709,827.00		

First Investment Date. ........................	11/8/2016	
Calculation Date . . .. . . . .. . . .. . . .. . . . . . . . . . . .	10/31/2019	
Arbitrage Yield Limit (AYLJ . . . .. . .. . . . . . . . . . . . .	4.2559827	
Internal Rate of Return (/RR). . . . . . . . . . . . . . . . . .	0.2173394	

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I11/21/2019 I 16:35 I Rpt11

Grau & Associates
Grau & Associates CPAs

Parie	2

Indigo East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
I.R.R. Report Via Purpose Expenditures
$ 1 ,745,000.00

Grp
ID	Trans
Dale	F1md
ID	
Demiption	D<9 Co1111t
Fae/or	C.akulalion Ami	Pool
(J_ntertst Earnings) Pct.g	** l nlemal Rate of Return **
Pl / Fae/or	PV  A mt	
-I	11/08/2016		Beg. Arbitrage Gross Proceeds	0.0000000	{l,742,Sl l.15) I00.000	1.0000000	(I, 742,Sll IS)	
2017	11/08/2016		Underwriter's Discount	0.0000000	34,900.00 100.000	1.0000000	34,900.00	
	11/08/2016		Payment to escrow	0.0000000	1,868,480.00	100,000	1.0000000	1 ,868,480.00	
	11/08/2016	Transferred Funds	0.0000000	(251,652.00)	100,000	1 .0000000	(251,652.00)	
	11/17/2016	COi	0.0500000	48,072.00	100.000	0.9999457	48,069.39	
	11/30/2016	COi	0.1222222	3,250.00	100.000	0.9998673	3,249.57	
	12/02/2016	Reserve	0.1333333	1.00	100.000	0.9998552	1.00	
	12/06/2016	COi	0.1555556	2,925.00	I00.000	0.9998311	2,924.51	
	01/04/2017	Reserve	0.3111111	3.00	100.000	0.9996622	3.00	
	02/02/2017	Reserve	0.4666667	4.00	100.000	0.9994933	4.00	
	03/02/2017	Reserve	0.6333333	4.00	100.000	0.9993124	4.00	
	04/04/2017	Reserve	0.8111111	4.00	100.000	0.9991194	4.00	
	05/02/2017	Reserve	0.9666667	5.00	100.000	0.9989506	4.99	
	05/18/2017	COi	1.0555556	3,634.00	I00.000	0.9988542	3,629.84	
	06/02/2017	Reserve	1.1333333	6.00	100 ,000	0.9987698	5.99	
	07/0S/2017	Reserve	1.3166667	5.00	I00.000	0.9985710	4.99	
	08/02/2017	Reserve	1.4666667	6.00	100.000	0.9984083	5.99	
	09/05/2017	Reserve	1.6500000	6.00	100.000	0.9982095	5,99	
	10/03/2017	Reserve	1.8055556	5.00	100 .000	0.9980409	4.99	
2018	11/02/2017	Reserve	1.9666667	6.00	100.000	0.9978663	5.99	
	12/04/2017	Reserve	2.1444444	5.00	I00.000	0.9976736	4.99	
	Ol/03/2018	Reserve	2.3055556	6.00	10 0.000	0.9974991	5.98	
	02/02/2018	Reserve	2.4666667	6.00	100.000	0.9973245	5.98	
	03/02/2018	Reserve	2.6333333	5.00	100.000	0.9971440	4.99	
	04/03/2018	Reserve	2.8055556	6.00	100.000	0.9969575	5,98	
	05/02/2018	Reserve	2.9666667	7.00	100.000	0.9967831	6,98	
	06/04/2018	Reserve	3.14 44444	7.00	100.000	0.9965906	6,98	
	07/03/2018	Reserve	3.3055556	7.00	100.000	0.9964163	6.97	
	08/02/2018	Reserve	3.4666667	8.00	100,000	0.9962419	7.97	
	09/0S/2018	Reserve	3.6500000	8.00	100.000	0.9960436	7.97	
	10/02/2018	Reserve	3.8000000	8.00	100.000	0.9958813	7.97	
2019	11/02/2018	Reserve	3.9666667	8.00	I0 0.000	0.99570!0	7.97	
	12/04/2018	Reserve	4.1444444	8.00	100.000	0.9955088	7,96	
	01/03/2019	Reserve	4.3055556	8.00	100.000	0.9953346	7.96	
	02/04/2019	Reserve	4.4777778	8.00	100 ,000	0.9951485	7.96	
	03/04/2019	Reserve	4.6444444	8.00	100 ,000	0.9949683	7.96	
	04/02/2019	Reserve	4.8000000	8.00	100.000	0.9948003	7,96	
	05/02/2019	Reserve	4,9666667	8.00	100.000	0.9946202	7.96	
	06/04/2019	Reserve	5.1444444	8.00	100 .000	0.9944282	7.96	
	07/02/2019	Reserve	5.3000000	8.00	100.000	0.9942602	7.95	
	08/02/2019	Reserve	5.4666667	7.00	100,000	0.9940802	6.96	
	09/04/2019	Reserve	5.6444444	6.00	100.000	0,9938883	5.96	
	10/02/2019	Reserve	5.8000000	5.00	100 .0 00	0.9937204	4.97	
99999	I0/31/2019	Unspent Proceeds as of 10/31/2019	5 .96 11111	32 ,905.00	100,000	0.9935465	32,692.65	

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMalnDb I 16.95f EDB I 11/21/2019116:35 I Rpt09c
Grau & Associat  es	F'a  g1:: 	1
Grau & Associates CPAs

Indigo East CDD
Series 2016 Special Assessment Revenue Refunding
I.R.R. Report Via Purpose Expenditures
S 1 ,745.000.00

Dated: Delivered:

11/08/2016
11/0812016

G,p
ID	Trans Date	Fund ID	

D scription	D y Count
Factor	Calculation Amt
(Interest Earnings)	Pool	** Internal Rate of Return **
P.-tg	Pf/  Fa.tor	PVAmt		
					220.85	0.01		

Arbitrage  field Limit . . . . . . . . . . . . . . . .
Internal Rate of Return ..............
Calculation Standard . . . . . . . . . . ,	, .

4.2559827
0.2173394
MSRB 30/360 SEMI 413

INDIGO EAS-2016-A I FY: 1 IMun-EaseElevateMainDb J 16.95f EDB J 11/21/2019 J 16:35 J Rpt09c
Grau & Associates	Page	2
Grau & Associates CPAs