Celebration Pointe Community Development District No. 1
12051 Cmporate Blvd., Orlando, FL 32817

Phone 407-382-3256; Fax 407-382-3254
The proposed agenda for the Board of Supervisors' Meeting for the Celebration Pointe CDD No. 1 Community Development District, scheduled to be held Tuesday, April 24, 2018 at 11:00 am at 2579 SW 87th Drive, Gainesville, FL 32608, is found below. Please note that the personal attendance ofat least three Board Members will be required to call the meeting to order.
For those. unable to attend in person, you may participate by telephone: Dial-In:	1-877-864-6450	Code:	933751

BOARD OF SUPERVISOR'S MEETING PROPOSED AGENDA
Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period (Note: during this time any member ofthe public may comment on any specific agenda item,· general public comments will also be taken at the conclusion ofthe agenda)
Swearing in Newly Elected Board Members
Consideration of the Minutes of the July 25, 2017 Board Meeting
Consideration of the Minutes of the November 28, 2017 Landowners' Election Meeting
Consideration of Resolution 2018-01, Canvassing and Certifying the Results of the Landowners' Election
Consideration of Resolution 2018-02, Election of Officers

Business Matters
Appointment of Auditor Selection Committee
Consideration of Resolution 2018-03, Approving a Preliminary Budget for Fiscal Year 2019 and Setting a Public Hearing Date [suggested date ofJuly 24, 2018]
Consideration of Financial Advisory Agreement
Ratification of Fiscal Year 2017 Audit Renewal Proposal
Ratification of Funding Request No. 37 - 43
Ratification of Requisition No. 19 - 58 (summary sheet)
Review of Statements of the District's Financial Position

Other Business
StaffReports
Supervisors Requests
Audience Comments
Board Member General Comments/Discussions

D. Adjournment

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Oath of Office

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1
BOARD OF SUPERVISORS OATH OF OFFICE

I,  		__, A CITIZEN OF THE STATE OF FLORIDA AND OF THE

UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA COUNTY OF ALACHUA
The foregoing oath was administered before me this 	day of _	, 2018, by
, who personally appeared before me, and is personally

known to me or has produced 		__ as identification, and is the person
described in and who took the aforementioned oath as a Member of the Board of Supervisors of Celebration Pointe Community Development District No. 1 and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida
Print Name:	----
Commission No.:	_ Expires:   	

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO.1

Minutes July 25, 2017
Board of Supervisors' Meeting

MINUTES OF MEETING
CELEBRATION POINTE COMMUNITYDEVELOPMENT DISTRICT NO. 1
Board ofSupervisors Meeting Tuesday, July 25, 2017
2579 SW8'11" Drive, Gainesville, FL 32608 Called to order at approximately 11:14 a.m.
Present and constituting a quorum:

Jonathan Paul Troy Ely Madeline Da Silva
Also present were:
Joe MacLaren Jennifer Walden Mark Watts

Chairman Assistant Secretary Vice-Chair

Fishkind & Associates, Inc. Fishkind & Associates, Inc. District Legal Counsel

(via phone) (via phone)

FIRST ORDER OF BUSINESS

Organizational Matters Call to Order and Roll Call

The Board of Supervisors' Meeting for the Celebration Pointe Community Development District No. 1 was called to order at approximately 11:14 a.m. and the names of those in attendance were announced. Board Members Jonathan Paul, Troy Ely, and Madeline Da Silva constituted a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. MacLaren called for any public comments on any agenda items. There were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of Charles Olinger's	Resignation Letter and Naming a Replacement Supervisor
Mr. MacLaren explained that he received a letter of resignation from Mr. Olinger and the Board could choose to accept it.

On motion by Ms. Da Silva, seconded by Mr. Ely, with all in favor, the Board accepted Mr. Olinger's Letter of Resignation.

Mr. MacLaren explained that the resignation created a vacancy that can be filled by nomination of the Board majority vote. Mr. Paul noted that the Developer asked that Dave Stockman be appointed as a CDD Board Member.

On motion by Ms. Da Silva, seconded by Mr. Ely, with all in favor, the Board appointed Mr. Stockman to the Board of Supervisors.

Mr. MacLaren took the meeting offrecord in order to administer the oath of office to Mr. Stockman who is not present at the meeting but is in the building. Mr. MacLaren called the meeting back to order.

FOURTH ORDER OF BUSINESS		Consideration of the Minutes of the April 7, 2017 Board Meeting, April 14, 2017 Continued Board
Meeting, May 19, 2017 Board Meeting and the July 5, 2017 Board Meeting
The Board reviewed the multiple sets of minutes outlined in the agenda.

On motion by Mr. Ely, seconded by Ms. Da Silva, with all in favor, the Board approved the minutes of the April 7, 2017 Board Meeting, April 14, 2017 Continued Board Meeting, May 19, 2017 Board Meeting and the July 5, 2017 Board Meeting.

FIFTH ORDER OF BUSINESS	Announcement	of Landowner's Election

Mr. MacLaren noted that a Landowner's Election must take place at a date in November that is chosen by the Board. Mr. MacLaren recommended November 28, 2017 at 11:00
and explained that only one representative of the Landowner is required to attend that meeting.

On motion by Ms. Da Silva, seconded by Mr. Ely, with all in favor, the Board approved November 28, 2017 at 11:00 a.m. at 2579 SW 87th Drive, Gainesville, FL 32608 for the Landowner's Election.

SIXTH ORDER OF BUSINESS	Consideration of Fiscal Year 2017-2018 Meeting Schedule

Mr. MacLaren explained the District must advertise an annual meeting schedule for the upcoming fiscal year which begins October 1, 2017. Mr. MacLaren recommended a quarterly meeting schedule.

On motion by Ms. Da Silva, seconded by Mr. Ely, with all in favor, the Board approved the Fiscal Year 2017-2018 Meeting Schedule as October 24, 2017, January 23, 2018, April 17, 2018 and July 24, 2018 at 11:00 a.m. at 2579 SW 87th Drive,
Gainesville, FL 32608.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2017-09, Adopting the Fiscal Year 2018 Budget and Appropriating Funds
Public Comments and Testimony
Board Comments
Consideration	of Resolution 2017-09

Mr. MacLaren noted the budget is attached as an exhibit to the resolution. He stated the Operations & Maintenance Budget is $106,000.00 this year and is increasing to
$108,000.00 for Fiscal Year 2018. Mr. MacLaren explained that the District Counsel fees and the Water Utility Services were increased and a line item for Landscaping Maintenance and Material was added to the budget.

On motion by Mr. Ely, seconded by Ms. Da Silva, with all in favor, the Board approved Resolution 2017-09, Adopting the Fiscal Year 2018 Budget and Appropriating Funds.

EIGHTH ORDER OF BUSINESS		Consideration of Fiscal Year 2017-2018 Funding Agreement

Mr. MacLaren explained this is an agreement with the Developer to fund the O&M expenses on an as incurred basis.

On motion by Mr. Ely, seconded by Ms. Da Silva, with all in favor, the Board approved the Fiscal Year 2017-2018 Funding Agreement.

NINTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2016 Audit

Mr. MacLaren explained it was a clean audit. The District's financial statements were found to be an accurate reflection of its financial position and there were no deficiencies in the internal controls over accounting.

On motion by Ms. Da Silva seconded by Mr. Ely, with all in favor, the Board accepted the Fiscal Year 2016 Audit.

TENTH ORDER OF BUSINESS

The Board reviewed Funding Request Nos. 34- 36.

Consideration of Funding Request Nos. 34 - 36

On motion by Mr. Ely, seconded by Ms. Da Silva, with all in favor, the Board approved Funding Request Nos. 34- 36.

ELEVENTH ORDER OF BUSINESS	Ratification of Requisition Nos. 1 - 5 & 7 - 18

Mr. MacLaren noted these were previously reviewed and approved by the District Chair and District Engineer.

On motion by Mr. Ely, seconded by Ms. Da Silva, with all in favor, the Board ratified Requisition Nos. 1- 5 & 7	18.

TWELFTH ORDER OF BUSINESS		Review	of	the	District's Financial Position

Mr. MacLaren noted that as of the end of June the District had a little over $12,000.00 in its General Fund Checking Account and a balance of $12,400,000.00 remaining in its Construction Bond Funds. There was no action required by the Board.

THIRTEENTH ORDER OF BUSINESS
Attorney - No Report Engineer- Not Present Manager- No Report
FOURTEENTH ORDER OF BUSINESS

Staff Reports

Supervisor and Audience Comments & Adjournment

There was no further business to discuss. Mr. MacLaren requested a motion to adjourn.

On motion by Ms. Da Silva, seconded by Mr. Ely with all in favor, the Board adjourned its July 25, 2017 Board of Supervisors' Meeting.

Secretary/Assistant Secretary	Chailman/Vice-Chailman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Minutes November 28, 2017
Landowners' Election Meeting

MINUTES OF MEETING
CELEBRATION POINTE
COMMUNITY DEVELOPMENT DISTRICT NO. 1 LANDOWNERS' ELECTION
Tuesday, November 28, 2017
2579 SW 87fh Drive, Gainesville, FL 32608 Called to order at 11:00 a.m.
Present:

Svein Dyrkolbotn Jennifer Walden

FIRST ORDER OF BUSINESS

The meeting was called to order at 11:00 a.m.

SECOND ORDER OF BUSINESS

Celebration Pointe Holdings, LLC Assistant District Manager

Call to Order and Roll Call

Appointment of Meeting Chairman

Ms. Walden, as District Manager, was appointed chair of the Landowners' meeting.

Identification	of	Landowners	and/or Landowner's Proxy Holder(s)

Ms. Walden noted that Mr. Dyrkolbotn was present and is the authorized voter for Celebration Pointe Holdings, LLC which owns several parcels with total acreage of 163.72 and allows for 171 votes.

Call for Nominations, Election of Supervisors

Mr. Dyrkolbotn nominated Heather Dyrkolbotn, Jonathan Paul and Dave Stockman. There were no fmiher nominations.

The votes were cast as follows:

Heather Dyrkolbotn received 171 votes. Jonathan Paul received 171 votes.

Dave Stockman received 170 votes.

Thus, Heather Dyrkolbotn and Jonathan Paul will each serve a 4 year term and Dave Stockman will serve a 2 year term.

THIRD ORDER OF BUSINESS	Adjournment

The Landowners' Election was adjourned.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Resolution 2018-01,
Canvassing and Certifying the Results of the Landowners' Election

RESOLUTION 2018-01
A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS'	ELECTION	OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES

WHEREAS, following proper publication of notice thereof, such landowners meeting was held November 28, 2017 at which the below recited persons were duly elected by virtue ofthe votes cast in their respective favor; and
WHEREAS, this Resolution canvasses the votes and declares and certifies the results ofsaid election;
NOW, THEREFORE, BE IT RESOLVED BY THE LANDOWNERS AND BOARD OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1;
The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown, to with:

_H_e_at_h_er_ D_ y- - - "  r_k_o_lb_o_t_n	 	

Jonathan-Pa-ul -----	-----

Votes Votes

 	171	

 	171	

   Dave Stockman	Votes 	170	

In accordance with said statute, and by virtue ofthe number of votes cast for the respective Supervisors, they are declared to have been elected for the following terms of office:

_He_a_th_e_1·_Dy- - - " - - -  1·_k_ol_b_o_tn		 	

Four (4)

_ Year Term Four (4)

-J-on-athan Paul

----

Year Term Two (2)

-D-ave Stockm-an-	-	-----	--

Year Term

Said te1ms of office shall commence immediately upon the adoption of this Resolution PASSED AND ADOPTED THIS 23rd DAY OF JANUARY, 2018

Chairperson CELEBRATION POINTE
COMMUNITY DEVELOPMENT DISTRICT NO. 1

ATTEST:

Secretary

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Resolution 2018-02, Election of Officers

RESOLUTION 2018-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1(the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each appointment to the Board of Supervisors (the "Board"), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1:

Section 1. Section 2. Section 3.

Section 4. Section 5.

_ _ _ _ _ _ _ _ _ __ is appointed Chairperson.
_ _ _ _ _ _ _ _ _ __ is appointed Vice-Chairperson.
--�J�enni =fe=r _W�al�d�en�-- is appointed Secretary.
------"'L"-'y""nn=e-"-'M=u=l=li=n"'-s _ __ is appointed Assistant Secretary.
_ _ _ _ _ _ _ _ _ __ is appointed Assistant Secretary.
__ is appointed Assistant Secretary

_ _ _ _ _ _ _ _ _ __ is appointed Assistant Secretary.
----"J-"-en=ni=fe r-'W'-'--=al=d=en 	is appointed Treasurer.
--�A=m=a=n=d=a-=L=a n= "'-e 	is appointed Assistant Treasurer.

Section 6. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.
Section 7. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 24th DAY OF APRIL, 2018.
CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1

ATTEST:

SECRETARY/ASST. SECRETARY

CHAIR/VICE-CHAIR

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Resolution 2018-03,
Approving a Preliminary Budget for Fiscal Year 2019 and Setting a Public Hearing Date

RESOLUTION 2018-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 APPROVING THE DISTRICT'S PROPOSED BUDGETS FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ofthe Celebration Pointe Community Development District No. 1 ("Board") prior to June 15, 2018, proposed budgets for Fiscal Year 2018/2019; and
WHEREAS, the Board has considered the proposed budgets and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1:
BUDGETS APPROVED. The budgets proposed by the District Manager for Fiscal Year 2018/2019 attached hereto as Exhibit A are hereby approved as the basis for conducting a public hearing to adopt said budgets.
SETTING A PUBLIC HEARING. A public hearing on said approved budgets is hereby declared and set for the following date, hour and location:

DATE:

--------- -, 2018

HOUR:	 	

LOCATION:

2579 SW 87th Drive Gainesville, FL 32608

TRANSMITTAL OF BUDGETS TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the proposed budgets to Alachua County at least 60 days prior to the hearing set above.
POSTING OF BUDGETS. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved budgets on the District's website at least two days before the budget hearing date as set forth in Section 2. Ifthe District does not yet have its own website, the District's Secretary is directed to transmit the approved budgets to the manager or administrator of Alachua County for posting on its website.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
EFFECTIVE  DATE.	This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 24th DAY OF April, 2018.

ATTEST:

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1

By: 		_

Secretary

Its:	-------	--

Exhibit "A"
Celebration Pointe Community Development District #1

Revenues:

Actual through 2.28.18

Projected	Ado12tedFY	Pro12osedFY Through		2017-2018	2018-2019
9.30.18	Budget	Budget

Proposed Annual Operations & Maintenance Budget FY 2018-2019

DeveloperFunding	 	$0 	$45,000 	$108,000
Total Revenues	$0	$45,000	$108,000
Ex12enditures:

 	$118,500

$118,500

EngineeringFees	$0	$2,000	$2,000	$2,000	
TrusteeFees	$2,828	$12,000	$12,000	$12,000	
District ManagementFees	$10,000	$30,000	$30,000	$30,000	
District CounselFees	$5,101	$20,000	$25,000	$25,000	
AuditFees	$46	$4,500	$4,500	$4,500	
Bond Dissemination Agent	$3,000	$3,000	$3,000	$3,000	
Travel & Per Diem	$0	$1,000	$1,000	$1,000	
Conference Calls	$29	$2,000	$2,000	$500	
Mailing Expenses	$1	$250	$250	$250	
D&O Insurance	$0	$5,800	$5,800	$2,800	
General Insurance	$0	$0	$0	$3,500	
Property Insurance	$0	$0	$0	$4,000	
Printing & Binding	$0	$1,000	$1,000	$600	
Legal Advertising	$534	$6,000	$6,000	$5,000	
Dues, Licenses &Fees	$175	$500	$500	$200	
Property Taxes	$8,357	$0	$0	$8,400	
Electric	$761	$3,600	$3,600	$2,000	
Water	$1,175	$5,800	$5,800	$3,300	
Dumpster	$0	$3,500	$3,500	$3,500	
Hurricane Cleanup	$0	$0	$0	$5,000	
Website Maintenance	$300	$1,000	$1,000	$900	
Landscaping Maintenance & Material	 	$0	 	$1,050	 	$1,050	 	$1,050	
Total Expenditures	$32,308	$103,000	$108,000	$118,500	

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO.1

Financial Advisory Agreement

& ASSOCIATES

FISH KI N D
ECO NOMIC CONS U L TANT S

FINANCIAL ADVISO RY AGREEMENT 
1 .0	Registration as a Municipal Advisor
Fishkind & Associates, Inc. (" FA" or "Advisor") is a registered Municipal Advisor pursuant to Section 1 58 of the Securities Exchange Act and rules and regulations adopted by the United States Securities and Exchange Commission ("SEC") and the Municipal Securities Rulemaking Board ("MSRB") License Number K1 055. As such, FA is bound by the SEC's Municipal Advisor Rule that imposes a: (a) registration regime upon municipal advisors, i.e., firms that give advice to municipal entities, such as community development districts , and (b) fiduciary duty upon municipal advisors that give advice to municipal entities.
FA also must comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As part of our registration FA is requi red to disclose to the SEC information regarding criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations and civi l litigation involving FA. Pursuant to MSRB Rule G-42 , FA is requi red to disclose any legal or disciplinary event that is material to the District's evaluation of FA or the integrity of its management or advisory personnel. FA has determined that no such event exists. Copies of FA's filings with the SEC can currently be found by accessing the SEC's Electronic Data Gathering, Analysis, and Retrieval (" EDGAR") system Company Search Page which is currently available at https://www.sec.gov/edga r/searchedgar/companysearch.html.
In addition, G-42 requi res FA to disclose in writing all material conflicts of interest. FA is not aware of any conflicts of interest related to this engagement.
Scope of Work
Municipal Advisor Role
The Municipal Advisor is engaged as a recognized independent expert whose primary responsibility is to give objective fiscal advice on the structu re and issuance of any debt under state and federal securities law.

1 205 1 Corporate Blvd., Orlando, Florida 328 17 (407) 382-3256 FAX (407) 382-3254 Email homeoffice@fishkind.com

Specific Advisory Services
We will provide the following services.
Formulation of the District's assessment methodology or similar security for the debt including consultation with the District's underwriter, bond counsel, district counsel, and consulting engineer.
Assistance to the District and its underwriter in developing the financing plan for the District's funding of its infrastructu re. 
Recommendations as to the appropriate financial structures for the proposed financings, as requested .
Advice on terms and featu res of bonds, the timing of marketing of bond issues and the analysis of market conditions as they relate to bond sales.
Assistan ce with the District's underwriter in the review and preparation of cash flow forecasts for proposed issues addressing debt service requi rements and sources of funding. 
Assistance, as requested, in the p reparation of financing schedules, bond documents, inter local agreements and official statements.
Assistance in negotiations with the underwriter regarding the underwriter's gross spread (bond discount).
Assistance, with the District's underwriter, regarding any interim financing , if necessary or desirable.
Advice to the District, if requested , on the selection of a trustee, paying agent and other financial intermediaries.
Assistance in the proceedings for the validation of the District's bonds, the preparation of materials in support of validation, and determination of the validation amount as requested .
Assistance to the District with regard to the sale of its bonds by the underwriter, including an analysis of the p roposed interest rate and other factors affecting the sale.
Assistance with the District's bond closing, including the printing , signing and delivery of the District's bonds and the transfers of moneys to the District by the underwriter.
Calculation of the preliminary and final assessment rolls or their equivalent.
Assistance to the District in investing the proceeds of any debt offering as requested .

Attendance at all necessary meetings as determined by the District Manager.
Compensation 
General Considerations and Avoidance of Conflicts of I nterest There are several potential conflicts of interest that may apply to our
engagement with you concerning compensation. For example, fixed fees or "lump sum" compensation represents a potential conflict of interest, because if the transaction requi res more work than originally contemplated, the financial advisor may suffer a loss. Thus, the advisor may recommend less time-consuming alternatives, or fail to do a full analysis of alternatives. Fees based upon the par amount of debt p resents a conflict of interest, because the advisor may have an incentive to advise the client to increase the size of the securities issue for the purpose of increasing the advisor's compensation. Contingent fees create a potential conflict of interest because the advisor may have an incentive to recommend unnecessary financings or financings that a re disadvantageous to the client. When facts or circumstances arise that could cause the financing to be delayed or fail to close, an advisor m ay h ave an incentive to discou rage a full consideration of such facts and circumstances.
Fee P roposal and Budget
FA's plan to mitigate conflicts of interest regarding compensation is to charge for our services on a time and expense basis at our standard rate of $450 per hour. Reasonable out-of-pocket expenses incurred by the Advisor in the performance of his duties shall be billed and paid on a p ro rata monthly basis in accordance with Section 1 1 2.061 , Florida Statutes.
We propose a n ot-to-exceed budget of $1 ,000 for this engagement based on our estimate for the cost of the work involved in rendering financial advisory services on a routine basis. We will bill hourly against this budget.
Should the work expand beyond the budget, we will n otify you promptly with documentation supporting a proposed budget increase. Such expansions would include: (a) developing assessment methodologies, (b) crafting financing strategies, and (c) managing the issuance of any debt obligations. In such circum stances, we expect that the Advisor's fee and expenses will be paid from the p roceeds ofthe District's debt issuance. Therefore, the payment of our fees and expenses for any expansion of our routine financial advisory services will be d eferred until the later of the time when: (a) the District closes on a debt issuance or (b) the District d efers or abandons its issuance of debt. H owever, our fees are not contingent upon the District's issuance of debt.

General Provisions
Advisor Not to Participate as Underwriter
The Advisor is precl uded from being an underwriter of any debt obligations issued by the District and shall not participate, in any manner, in the initial syndication for the issuance of any of the District's debt obligations. However, the Advisor my act as a placement agent for debt obligations.
Termination of Relationship 
The District has the right to term inate this Ag reement for "good cause" which shall include misfeasance, malfeasance, nonfeasance or dereliction of duties by the Advisor. Termination for "good cause" shall be effected by provision of a minimum of ten (1 0) days written notice to Advisor. Either party hereto shall h ave the right to terminate the relationship between the District and the Advisor, at any time and for any  reason  whatsoever,  upon the District p roviding a minimum of thi rty (30) days advance written notice to the Advisor and the Advisor p roviding a minimum of sixty (60) days advance written notice of intention to terminate. All n otices shall be mailed to the person and address specified for use in the giving of notice, in paragraph 4.1 0, hereof. Should the relationship be terminated, all work p roduct p roduced by the Advisor, to the date of termination, shall be the sole property of the District. The Advisor's fee shall be prorated according to the amount of work completed as d eterm ined by the District. Finally, the Advisor shall be entitled to all expenses not reimbu rsed as of the notice of termination.
4.4	Disclaimer of Advisor
The District acknowledges that the Advisor is not an attorney and may n ot render legal advice or opinions. Although the Advisor may participate in accumulating information necessary for documents requi red by the District to finalize any particular financing, such i nformation shall be verified by the District as to its correctness; provided , however, that the District shall not be requi red to verify the correctness of any information o rig inated by the Advisor or the correctness of any information originated by the Advisor which the Advisor has used to formulate its opinions and advice given to the District.
Attorney Fees and Governing Law
In the event either party is required to take any action to enforce this Agreement, the prevailing party shall be entitled to attorney's fees and costs, including fees and costs incurred in determining entitlement to and reasonableness of such fees and costs. This Agreement shall be interpreted in accordance with and shall be governed by the laws of the State of Florida. 

Indemnification
The Advisor agrees to indemnify, defend, and  hold the  District harmless from and against any and all claims, actions, suits, demands, assessments or judgments asserted and any and all losses, liabilities, damages, costs, cou rt costs, and expenses, including attorney's fees, that the District m ay hereafter incur, become responsible for, or be caused to pay out arising out of or relating to the negligent, reckless and/or intentionally wrongful acts or omissions of the Advisor. The indemnification provided for herein shall not be deemed exclusive of any other rights to which the District may be entitled and shall continue after the Advisor has ceased to be engaged under this Agreement.
Nothing herein shall be construed to limit the District's sovereign immunity limitations of liability provided in section 768 .28, Florida Statutes or other applicable law.
Insurance
The Advisor shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution of this Agreement:
Worker's Compensation insurance to cover full liabi lity under worker's compensation laws in effect from time to time in Florida. 
General Liability  insurance  with  limit  of  one  million  dollars ($ 1 ,000,000.00) per each occurrence. 
P rofessional Liability insurance with lim it of  one million dollars ($ 1 ,000,000. 00) per each occurrence.
Employment P ractices Liability insurance with limit of two million dollars ($2 ,000 ,000. 00) per each occurrence.
Commercial Crime insurance with limit of two million dollars ($2 ,000,000. 00) per each occurrence.
Comprehensive Automobile Liability insurance for all vehicles used by the  Consultant's staff,  whether owned  or hi red ,  with  a  combined single limit of one million dollars ($ 1 ,000,000.00).
The District (and its staff, consultants, and supervisors as applicable) will be listed as additional insureds on the General Liability and Automobile insurance policies described above.  The District (and its staff, consultants, and supervisors as applicable) will be listed as a joint loss payee on the Commercial Crime insurance. None of the policies above may be canceled du ring the term of this Agreement (or otherwise cause the District to not be named as an additional insured or joint loss payee where applicable) without sixty (60) days written notice to the District. Advisor will furnish the District with a Certificate of Insurance evidencing compliance with this section p rior to Agreement commencement and upon request.

Time of the Essence
The District and the Advisor agree that time is of the essence and that the services of the Advisor shall be performed expeditiously.
Term of This Agreement
This Ag reement shall renew automatically until terminated by either the District or the Advisor.
Entire Agreement
This Agreement constitutes the entirety of the terms and conditions of the agreement between the parties for District Management services. Any amendment or change to this Ag reement shall be in writing and executed by all parties to the Agreement.
4. 10	N otices
All notices, requests, or authorizations which may from time to time be required or expedient shall be in writing and shall be delivered or mailed as follows :

District:

With a copy to:

Advisor:

4. 11	Authority to Execute

Celebration Pointe COD No. 1 1 2051 Corporate Blvd.
Orlando, FL 32817 
Cobb Cole Mark Watts
351 East New York Avenue, Suite 200 Deland, FL 32724
Fishkind & Associates, Inc. Dr. Hank Fishkind
1 2051 Corporate Blvd.
Orlando, Florida 32817 hankf@fishkind.com

Each of the parties hereto covenant to the other that it has the lawful authority to enter into this relationsh ip, that the governing or managing body of each party has approved this relationship and has similarly authorized the execution of this Agreement.

4. 12	Public Records Disclosu re

Advisor understands and agrees that all documents of any kind p rovided to the District in connection with this Agreement may be public records, and, accordingly, Advisor agrees to comply with all applicable p rovisions of Florida law in handling such records, including but not limited to Section 11 9.0701 , Florida Statutes. Consultant acknowledges that the designated public records custodian for the District is Fishkind & Associates, Inc. ("Public Records Custodian"). Among other requi rements and to the extent applicable by law, the Advisor shall 1) keep and maintain public records requi red by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 11 9, Florida Statutes; 4) ensure that public records which a re exempt or confidential, and exempt from public records disclosure requ irements, are not d isclosed except as authorized by law for the du ration of the Ag reement term and following the Agreement term if the Advisor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the Agreement, transfer to the District, at no cost, all public records in Advisor's possession or, alternatively, keep, maintain and meet all applicable requi rements for retaining public records pu rsuant to Florida laws. When such public records are transferred by the Advisor, the Advisor shall destroy any duplicate public records that are exempt or confidential and exempt  from  public  records  disclosu re requi rements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF THE FA HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 11 9, FLORIDA STATUTES, TO THE FA'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AG REEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS, FISH KIND & ASSOCIATES, INC., AT 407-382-3256, 1 2051 CORPORATE BLVD., ORLANDO, FLORIDA 3281 7.

In witness whereof, the parties hereto have executed this Agreement, in duplicate, this 	day of 	, 2018 .

Board of Supervisors Celebration Pointe COD No. 1

Sign 	
Print Name ----------------

Fishkind & Associates, Inc.

Hank Fishkind, Ph.D., P resident

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0.1

Fiscal Year 2017 Audit Renewal Proposal

Grau& Associates
CE RTI FIED Pll l3 LI C ACCO U NTANTS

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561} 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.qraucpa.com

August 28, 2017 

Board of Supervisors
Celebration Pointe Community Development District #1 1 2051 Corporate Blvd.
Orlando, FL 32817 
We are pleased to confirm our understanding of the services we are to provide Celebration Pointe Community Development District #1 Alachua County, Florida ("the District") for the fiscal year ended September 30, 2017. We will audit the financial statements of the governmental activities, and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Celebration Pointe Community Development District #1 as of and for the fiscal year ended September 30, 2017. In addition, we will examine the District's compliance with the requirements of Section
218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2017 audit.
Accounting standards generally accepted in the United States ofAmerica provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the District's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District's RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management's Discussion and Analysis.
Budgetary comparison schedule
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our aud ii will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District's financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion oradd emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to d escribe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Celebration Pointe Community Development District #1	2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute
218.415 in accordance with Rule 1 0.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our' examination of the District's compliance. The report will Include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it Is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District's compliance is other than unmodified, we will discuss the reasons with you in advance. If, forany reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities

Management is responsible forcompliance with Florida Statute 218.415 and will provide us with the information required forthe examination. The accuracy and completeness ofsuch information is also management's responsibility. You agreeto assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide . You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letterthat the effects of any uncorrected misstatements aggregated by us during the currentengagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statem ents taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles In internal control, and (3) others where the fraud could have a m aterial effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, granters, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.

Celebration Pointe Community Development District #1	3
With regard to using the audit's report, you understand that you must obtain our prior written consent to reproduce or use our report in bond offering official statements or other documents.
Withregard to the electronicdissemination ofaudited financialstatements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute Information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Audit Procedures-General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also Includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable ratherthan absolute assurance aboutwhether the financial statements are free ofmaterial misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations oflaws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests ofthe physical existence ofinventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures-Internal Control
Our audit will include obtaining an understanding ofthe government and Its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures-Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District's compliance with the provisions ofapplicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, ordecide, to distribute the copies or information contained therein to others, including othergovernmental agencies. Notwithstanding the foregoing, the parties acknowle(i!ge that various documents reviewed or produced during the condUC.�,9,fJbe audit may be public records under Florida law. .oifh6¥.'IDistrict agrees to notify Grau & Associates of any public recoi-d''request it receives that involves audit documentation.

J

Celebration Pointe Community Development District #1 fv1	4
(p,&D
Our fee for these services will not exceed $jl.QOO for the September 30, 2017 audit, respectively, unless there is a change in
activity by the District which results in additfonal audit work or if additional Bonds are issued.
The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding forguidance prior to destroying the audit documentation.
Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even ifwe have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss itwith you and arrive at a new fee estimate.
This agreement is automatically renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.
We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period ofthe contract. Our 2016 peer review report accompanies this letter.
We appreciate the opportunity to be of service to Celebration Pointe Community Development District #1 and believe this letter accurately summarizes the significant terms ofour engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
erstanding of Celebration Pointe Community Development District #1 .

. .,''•)•, 
. •- .. ! ,'-: •.

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t"i 1 /'. .(;1�•-

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, : 'fhe-.' i),,,.

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO.1

Funding Request No. 37 - 43

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 37
7/1 9/2017
Item	Payee
No.

General	Capital

Fund	Projects

1	Cobb Cole
CPCDD General Work in Progress

3	Fishkind & Associates Management fee - June 2017 Management fee - July 2017
5	GRU
Account 2000-561 3-5 1 80

Secretary

140848

20741
20915 

5/20-6/21

TOTAL

$222. 11 

$2,669.04
$2,577.05

$241 .41

$5,709.61	$0.00

$5,709.61

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 38
8/22/2017 
Item	Payee

Cobb Cole		
General Work in Progress	141 376	$2,295.61	
Bonds	141378	$249.00	
ROW acquisitions	141377	$144.00	

Fishkind & Associates			
Management fee - August 2017 	21078	$2,786.44	

GRU			
Account 2000-561 3-5180	6/22-7/24	$258.24	
Gainesville Sun			
Notice of BOS & Budget meeting	A00091 3624	$289.76	

 	No.	

1

General	Capital
Fund	Projects

2

3

4

Secretary

TOTAL

$6,023.05	$0.00

$6,023.05

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 39
9/1 9/2017
Item	Payee
No.

1	Cobb Cole

General	Capital
Fund	Projects

	General Work in Progress	141915 	$2,1 78.00	
	ROW acquisitions	141916 	$1 ,732.50	
	Bonds	141917 	$1 68.00	
2	Egis Insurance
FY18 General Liability/Public Official Insurance	
5868	
$5,704.00	
3	GRU
Account 2000-561 3-5180	
7/25-8/21	
$259.94	
	Account 2000-561 3-5281	7/25-8/21	$23.74	

Secretary

TOTAL

$1 0,066. 18	$0.00

$10,066.18

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 40
1 0/31/2017 
Item No.

1	Cobb Cole

Payee

General Fund

Capital Projects

	General Work in Progress - August	142528	$280.50		
	General Work in Progress - September	143069	$187.11 		
	Bonds	142529	$48.00		

2	
Fishkind & Associates
District Management - September	

21 265	

$2,602.67		
	District Management - October	21434	$2,575.00		
3	GRU
Account 2000-5613-51 80	
8/22-9/25	
$281. 06		
	Account 2000-5613-5281	8/22-9/25	$123.07		
4	The Gainesville Sun
Meeting notice	
A000918674	
$108.96		
5	Florida Department of Economic Opportunity
Annual Special District fee	
71 1 03	
$175.00		
			$6,381 .37	$0.00	
		TOTAL	$6,381.37		

Secretary

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 41
1 2/4/20 17 
Item	Payee
No.

	Real estate tax - without discount for early payment	06800-024-000	$8,340.35	
	Real estate tax - without discount for early payment	06820-002-001	$16.50	

2	Fishkind & Associates
District Management - November	
21 629	
$2,576.84	

3	The Gainesville Sun
Meeting notice	
A000920087	
$425.36	

1	John Power, Tax Collector

General	Capital
Fund	Projects

Secretary

TOTAL

$1 1 ,359.05	$0.00

$1 1 ,359.05

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 42
1 2/1 8/2017 
Item	Payee
No.

Cobb Cole

General	Capital
Fund	Projects

Legal services - bonds	1 43649	$204.00	
General legal services - October	143648	$535.50	
General legal services - November	1 44090	$2,975.00	

Grau & Associates
Confirmation charge - Audit FY17

GRU

$46.00

Acct 2000-561 3-51 80	1 0/24-1 1 /20	$295.32	
Acct 2000-5613-5281	1 0/24-1 1 /20	$182.46	

Fishkind & Associates
District Management - Dec_

Secretary

Please remit funding to: Celebration Pointe COD #1 Attention: Patricia Kehr 12051 Corporate Blvd.
Orlando, FL 32817 

21820

TOTAL

$2,603.96

$6,84?,24	$0.00

$6,842.24

Chairman

Funding Request No. 43
3/1 5/201 8
Item No.

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Payee

General	Capital

Fund	Pro'ects

1	
Cobb Cole		
	General legal services - December	144709	$1 ,386.50		
	General legal services - January	145300	$212.50		
2	Fishkind & Associates				
	OM - January	21969	$2,575.00		
	OM - February	221 39	$2,581 .00		
3	GRU				
	Acct 2000-561 3-5180	1 1/21-12/20	$321 .93		
	Acct 2000-561 3-51 80	1 2/2 1-1 /22	$288.32		
	Acct 2000-561 3-51 80	01 /23-02/21	$288.03		
	Acct 2000-5613-5281	1 1/21-12/20	$148.43		
	Acct 2000-561 3-5281	1 2/21 -1/22	$149.02		
	Acct 2000-561 3-5281	01 /23-02/21	$148.43		
4	Digital Assurance Certification				
	Dissemination services	36760	$3,000.00		

5	
US BANK
Administrative Fees & Incidental Expenses	
4886645	
$1 1 ,31 3.75		
			
$22,412.91	
$0.00	
		TOTAL	$22,412.91		

Secretary	Chairman

Please remit funding to: Celebration Pointe CDD #1 Attention: Patricia Kehr 12051 Corporate Blvd.
Orlando, FL 32817 

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO.1

Requisition No. 19 - 58 (summary sheet)

35

Celebration Pointe Requisition Analysis Series 2017

Req #	Payee	Amount	

19	
Cushman & Wakefield	
12,500.00	
20	Hoar Construction	1,775,026.00	
	Hoar Construction	493,526.00	
21	Celebration Pointe Holdings	48,528.98	
22	Universal Engineering	9,415.00	
23	GSE	4,616.25	
24	MTCI	3,000.00	
25	Developer Fees (3%)	70,023.37	

26	
Hoar Construction	
540,253.86	
	Hoar Construction	3,002,984.00	
27	EDA	22,713.89	
28	GSE	2,058.75	

29	
NUE Urban	
12,500.00	
30	Developer Fees (3%)	107,415.32	
31	Hoar Construction	272, 183.00	
	Hoar Construction	1,541,060.00	
32	EDA	29,417.80	
33	ETM	48,639.22	
34	GSE	5,477.50	
	Nue Urban Concepts	25,000.00	
36	TLC Engineering	5,300.00	

Celebration Pointe Holdings	1,406.25
Developer Fees (3%)	57,854.51 
Hoar Construction	310,036.00
Hoar Construction
Original Contract Sum	1, 105,495.00

40	EDA	3,911.17
41	GSE	15,571.25
42	Universal Engineering	802.50
Huie Design	351.00

45

44		Nue Urban Concepts	12,500.00 MTCI	30,000.00
Cobb Cole	1,509.00
Celebration Pointe Holdings	1,400.00
Developer Fees (3%)	44,447.28
49	EDA	7,578.78
50	GSE	19,597.50
51	ETM	35,810.33
52	MTCI	6,250.00
Huie Design	1,680.00
TranSystems Corp	24,707.12 
Nue Urban Concepts	37,500.00
Developer Fees (3%)	3,993.71
Hoar Construction	500,000.00
Developer Fees (3%)	15,000.00

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO.1

District' s Financial Position

4/1 6/1 8	Celebration Pointe CDD No. 1
2:54:43 PM	Statement of Activities (YTD) (Columnar, By SubType Landscape) As of 3/31/2018 

General Fund	Series 2014 Debt	Series 2017 Debt	Series 2014	Series 2017	Long Term	Total	
	Service Fund	Service Fund	Construction	Construction	Debt Group		
			Fund	Fund			

Revenues

Other Income & Other Financing Sources		$836,896.36										$836,896.36	
Inter-Fund Group Transfers In 		(43,443.28)										(43,443.28)	
Inter-Fund Group Transfers In 				($56.80)								(56.80)	
Inter-Fund Transfers In 						$41 ,81 2.55						41 ,81 2.55	
Inter-Fund Transfers In 	
							$1,687.53				1, 687.53	
Total Revenues	$0.00	$793,453.08		($56.80)		$41 ,81 2.55		$1 ,687.53		$0.00		$836,896.36	

Expenses

Insurance	$2,525.00									$2,525.00	
Trustee Services	2,828.44									2,828.44	
Management	10,000.00									10,000.00	
Dissemination Agent	3,000.00									3,000.00	
District Counsel	5,101 .00									5,101.00	
Audit	46.00									46.00	
Telephone	28.50									28.50	
Postage & Shipping	0.92									0.92	
Legal Advertising	534.32									534.32	
Property Taxes	8,356.85									8,356.85	
Web Site Maintenance	300.00									300.00	
Dues, Licenses, and Fees	175.00									175.00	
Electric	761 .25									761.25	
Water	1,175.47									1,175.47	
General I nsurance	3,179.00									3,1 79.00	
Interest Payments -A1 bond		$835,265.63								835,265.63	
Interest Payments - B1 bond				$655,1 07.50						655,1 07.50	
Engineering						$68,096.23				68,096.23	
Capital Expenditures	
					891 ,811 .99				891 ,811 .99	
Total Expenses	$38,011 .75	$835,265.63		$655,1 07.50	$0.00	$959,908.22		$0.00		$2,488,293. 10 	

Qther Revenues {Expenses} & Gains {Losses}

Interest Income		$5,437.98										$5,437.98	
Interest Income				$2,960.30								2,960.30	
I nterest Income						$91 .17 						91 .17	
Interest Income								$1 ,280.18 				1 ,280.18 	
Total Other Revenues (Expenses) & Gains (Losses)	
$0.00	$5,437.98		$2,960.30		$91 .17 		$1 ,280.18 		$0.00		$9,769.63	

4/1 6/18	Celebration Pointe COD No. 1

2:54:43 PM	Statement of Activities (YTD) (Columnar, By SubType Landscape) As of 3/31/2018 

	General Fund		Series 2014 Debt Service Fund		Series 2017 Debt Service Fund		Series 2014 Construction
Fund		Series 2017 Construction
Fund		Long Term Debt Group	Total	
Change In Net Assets	($38,011 .75)		($36,374.57)		($652,204.00)		$41 , 903.72		($956,940.51)		$0.00	($1,641 , 627.11) 	

Net Assets At Beginning Of Year	
$48,415.03		
$2,254,349.62		
$4,097, 322.27		
($1 83,786.63)		
($1 ,305,861 .50)		
$0.00	
$4,910,438.79	

Net Assets At End Of Year	

$1 0,403.28		

$2,217,975.05		

$3,445, 11 8.27		

($141 ,882.91)		

($2,262,802.01)		

$0.00	

$3,268,811 .68	

4/1 6/1 8	Celebration Pointe CDD No. 1
2:37:00 PM	Statement of Financial Position
(Columnar Landscape) As of 3/31/2018 

General Fund	Series 2014 Debt	Series 2017	Series 2014	Series 2017	Long Term	Total	
Service Fund	Debt Service	Construction	Construction	Debt Group	

Assets	Fund	Fund	Fund		

Current Assets
General Checking Account	$20,729.24												$20,729.24	
Accounts Receivable - Due from Developer	11 ,31 3.75												11 ,31 3.75	
Debt Service ReserveA1 Bond			$2,217,875.89										2,217, 875.89	
Revenue A1 Bond			99. 16 										99.16 	
Debt Service Reserve B1 Bond					$1,946,568.20								1,946,568.20	
Interest B1 Bond					1,498,550.07								1,498,550.07	
Acquisition/Construction A1 Bond							$1,623.50						1,623.50	
Deferred CostA1 Bond							43,916.59						43,916.59	
Acquisition/Construction B1 Bond									$50,789.15				50,789.15 	
Deferred Cost B1 Bond									56.84				56.84	
Total Current Assets	$32,042.99		$2,217,975.05		$3,445,11 8.27		$45,540.09		$50,845.99		$0.00		$5,791,522.39	

Investments
Amount Available in Debt Service Funds									$5,663,093.32		$5,663,093.32	
AmountTo Be Provided									56,416,052.38		56,416,052.38	
Total I nvestments	$0.00		$0.00		$0.00		$0.00		$62,079,145.70		$62,079,145.70	

Other Assets
Issue Discount									$795,854.30		$795,854.30	
Total Other Assets	$0.00		$0.00		$0.00		$0.00		$795,854.30		$795,854.30	

$32�

$2,217,975.05	__!3,445, 11 8.27

$45,540.09

$50,845.99	$62,875,000.00

$68,666,522.39

Total Assets

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$1 0,325.96	$1 0,325.96
Deferred Revenue	11 ,31 3.75	11,31 3.75
Retainage Payable	$1 87,423.00	1 87,423.00
Retainage Payable	$2,313, 648.00	2,313, 648.00

4/1 6/1 8
2:37:00 PM

Celebration Pointe CDD No. 1
Statement of Financial Position (Columnar Landscape)
As of 3/31 /2018 

General Fund		Series 2014 Debt Service Fund	Series 2017 Debt Service	Series 2014 Construction	Series 2017 Construction	Long Term Debt Group	Total	
			 	Fund

	 	Fund	 	Fund	 			
Total Current Liabilities	$21 ,639.71		$0.00	$0.00	$1 87,423.00	$2,31 3,648.00	$0.00	$2,522,710.71	

Long Term Liabilities
Revenue Bonds Payable - Long-Term								$62,875,000.00	$62,875,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00	$62,875,000.00	$62,875,000.00	

 	  	  	 	

Total Liabilities

Net Assets

$21 ,639.71

$0.00	$0.00

$1 87,423.00	$2,313,648.00

$62,875,000.00

$65,397,71 0.71

Fund Balance - Unreserved	$27,623.56											$27,623.56	
Net Assets, Unrestricted	(4,253.26)											(4,253.26)	
Net Assets - General Government	25,044.73											25,044.73	
Current Year Net Assets - General Government	(38,011 .75)											(38,011 .75)	
Net Assets, Unrestricted			$2,254,345.67									2,254,345.67	
Current Year Net Assets, Unrestricted			(36,374.57)									(36,374.57)	
Net Assets - General Government			3.95										
Net Assets, Unrestricted				$4,097,322.27								4,097,322.27	
Current Year Net Assets, Unrestricted				(652,204.00)								(652,204.00)	
Net Assets, Unrestricted						($158,786.63)						(1 58,786.63)	
Current Year Net Assets, Unrestricted						41 ,903.72						41 ,903.72	
Net Assets - General Government						(25,000.00)						(25,000.00)	
Net Assets, Unrestricted								($1,278,314.17)				(1 ,278,314.17)	
Current Year Net Assets, Unrestricted								(958,220.69)				(958,220.69)	
Net Assets - General Government								(27,547.33)				(27,547.33)	
Current Year Net Assets - General Government								1 ,280.1 8				1 ,280.1 8	
Total Net Assets	$1 0,403.28		$2,217,975.05	$3,445,11 8.27		($141,882.91)		($2,262,802.01) 		$0.00		$3,268,811 .68	

$32,042.99

$2,217,975.05

$3,445, 11 8.27

$45,540.09

$50,845.99	$62,875,000.00

$68,666,522.39

Total Liabilities and Net Assets

Revenues

Celebration Pointe CDD No. 1
Budget to Actual
For the period of 3/1 /2018 Through 3/31 /20 18 

Actual	Year To Date
Budget	
Variance	Adopted
Budget	
			FY201 8	

Developer Contributions	$0.00		$54,000.00	$(54,000.00)	$1 08,000.00	
Net Revenues	$0.00		$54,000.00	$(54,000.00)	$1 08,000.00	
General & Administrative ExQenses

Engineering	$0.00		$1 ,000.00		$(1 ,000.00)		$2,000.00	
Trustee Services	2,828.44		$6,000.00		(3,171 .56)		12,000.00	
Management	10,000.00		$1 5,000.00		(5,000.00)		30,000.00	
District Counsel	5,101 .00		$1 2,500.00		(7,399.00)		25,000.00	
Audit	46.00		$2,250.00		(2,204.00)		4,500.00	
Dissemination Agent	3,000.00		$1 ,500.00		1, 500.00		3,000.00	
Travel & Per Diem	0.00		$500.00		(500.00)		1 ,000.00	
Telephone	28.50		$1 ,000.00		(971 .50)		2,000.00	
Postage & Shipping	0.92		$1 25.00		(1 24.08)		250.00	
Printing & Binding	0.00		$500.00		(500.00)		1 , 000.00	
Legal Advertising	534.32		$3,000.00		(2,465.68)		6,000.00	
Landscaping Maintenance & Material	0.00		$525.00		(525.00)		1, 050.00	
Website Maintenance	300.00		$500.00		(200.00)		1, 000.00	
Dues, Licenses, and Fees	1 75.00		$250.00		(75.00)		500.00	
Electric	761. 25		$1 ,800.00		(1 ,038.75)		3,600.00	
Water	1, 1 75.47		$2,900.00		(1 ,724.53)		5,800.00	
Dumpster	0.00		$1,750.00		(1 ,750.00)		3,500.00	
Property Taxes	8,356.85		$0.00		8,356.85		0.00	
Insurance	5,704.00		$2,900.00		2,804.00		5,800.00	
Total General & Administrative Expenses	$38,01 1 .75		$54,000.00		$(1 5,988.25)		$1 08,000.00	
Net Income (Loss)	$(38,01 1.75)		$0.00		$(38,01 1 .75)		$0.00