Upon recording, this instrument should be returned to:

Isles of Bartram Park Community Development District c/o Governmental Management Services, LLC
475 West Town Center, Suite 114 St. Augustine, Florida 32092	(This space reserved for Clerk)	

AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT

THIS AMENDED AND RESTATED DISCLOSURE OF PUBLIC FINANCING AMENDS AND RESTATES THE DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT RECORDED IN ST. JOHNS COUNTY OFFICIAL RECORDS BOOK 4145 PAGE 989 (“ORIGINAL DISCLOSURE”)

Board of Supervisors1
Isles of Bartram Park Community Development District

Maurice Rudolph Chairperson

David Stanton Vice Chairperson	Liam O’Reilly Assistant Secretary

Brad England Assistant Secretary

Vacant Assistant Secretary	

District Manager Governmental Management Services, LLC
475 West Town Center, Suite 114 St. Augustine, Florida 32092 (904) 940-5850
http://www.islesofbartramparkcdd.com

District records are on file at the offices of the District Manager and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of September 22, 2017. For a current list of Board Members, please contact the District Manager’s office.

TABLE OF CONTENTS
Introduction	3
What is the District and how is it governed?	4
What infrastructure improvements does the District provide
and how are the improvements paid for?	5
Assessments, Fees and Charges	6
Method of Collection	8

ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT

INTRODUCTION

The Isles of Bartram Park Community Development District (“District”) is a local unit of special-purpose government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, construction and/or acquisition, and for certain improvements maintenance, of the following improvements: stormwater facilities (ponds), stormwater collection systems, water, wastewater and reuse utilities, entry features, offsite roadway improvements; and other related public infrastructure.

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT

Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents. The following information describing the District and the assessments, fees and charges that may be levied within the District to pay for certain community infrastructure is provided to fulfill this statutory requirement.

What is the District and how is it governed?

The District is an independent special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes (the “Act”), and established by Ordinance No. 2006-157 enacted by the County Commission of St. Johns County, Florida, which was effective on December 18, 2006. The District encompasses approximately 582 acres of land located entirely within the boundaries of the St. Johns County. As a local unit of special-purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.

The District is governed by a five-member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one vote for each acre of land with fractions thereof rounded upward to the nearest whole number. Elections are then held every  two years in November. Commencing when both six years after the initial appointment of Supervisors have passed and the District has attained a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring will begin to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in St. Johns County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.

Board meetings are noticed in a local newspaper and conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the  records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly bound by the State’s open meetings law and are generally subject to the same disclosure requirements as other elected officials under the State’s ethics laws.

What infrastructure improvements does the District provide and how are the improvements paid for?

The District is comprised of approximately 582 acres located entirely within St. Johns County, Florida, the legal description of which is attached hereto as Exhibit A. The public infrastructure necessary to support the District’s development program includes, but is not limited to the design, permitting and construction of: stormwater facilities (ponds), stormwater collection systems, water, wastewater and reuse utilities, entry features, and offsite roadway improvements. These infrastructure improvements are more fully detailed below. To plan the infrastructure improvements necessary for the District, the District adopted a Supplemental Engineer’s Report, dated October 15, 2014 (the “Engineer’s Report”), which details all of the improvements contemplated for the completion of the infrastructure of the District (the “Capital Improvement Plan”). Copies of the Engineer’s Report are available for review in the District’s public records.

Stormwater Facilities (Ponds) and Stormwater Collection System
These improvements include the stormwater management facilities (ponds), the pond outfall control structures, and the stormwater collection systems.

Water, Wastewater and Reuse Utilities
These improvements include the potable water distribution system, the sanitary sewer collection system, the sanitary sewer lift stations, the sanitary sewer force main system, and the reuse water distribution system.

Entry Features
These improvements include the entry road features located adjacent to Race Track Road, the entry road between Race Track Road and the gatehouse, and the Race Track Road intersection improvements.

Offsite Roadway Improvements
This consists of the funding of the widening of a 0.65-mile segment of Race Track Road through a $4 million payment to St. Johns County.

These public infrastructure improvements have been funded, in part, by the District’s sale of bonds. It is  anticipated that the remaining improvements will be funded through the contribution of infrastructure from the developer. On December 4, 2014, the Circuit Court of the State of Florida, in and for St. Johns County, Florida, entered a Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $21,000,000 in Special Assessment Bonds for infrastructure needs of the District.

On November 5, 2015, the District issued a series of bonds for purposes of financing a portion of the construction and acquisition costs of infrastructure for the Capital Improvement Plan (the “Series 2015 Project”). On that date, the District issued its Isles of Bartram Park Community Development District, Special Assessment Bonds, Series 2015, in the amount of
$6,725,000 (the “Series 2015 Bonds”).  Proceeds of the Series 2015 Bonds were used to finance

the cost of a portion of the acquisition, construction, installation, and equipping of the Series 2015 Project.

On August 28, 2017, the District issued a series of bonds for purposes of financing an additional portion of the construction and acquisition costs of infrastructure for the Capital Improvement Plan (the “Series 2017 Project”). On that date, the District issued its Isles of Bartram Park Community Development District, Special Assessment Bonds, Series 2017, in the amount of $5,345,000 (the “Series 2017 Bonds”). Proceeds of the Series 2017 Bonds are being used to finance the cost of a portion of the acquisition, construction, installation, and equipping of the Series 2017 Project.

Assessments, Fees and Charges

The costs of acquisition or construction of a portion of these infrastructure improvements have been financed by the District through the sale of its Series 2015 Bonds and Series 2017 Bonds, which benefit all property within the District. The annual debt service payments for the Series 2015 Bonds, including interest due thereon, are payable and secured by the levy of non-ad valorem or special assessments against lands within Phase One and Phase Two of the District (the “Series 2015 Assessment Area”). The legal description for the Series 2015 Assessment area is attached hereto as Exhibit B. The annual debt service obligations  of the District which must be defrayed by annual assessments upon each parcel of land or platted lot within the Series 2015 Assessment Area will depend upon the type of property purchased. Provided below are the current annual debt assessment levels for the Series 2015 Assessment Area for the Series 2015 Bonds.

The current annual debt assessments for the Series 2015 Bonds per unit within the Series 2015 Assessment Area are as follows (the “Series 2015 Debt Assessments”):

Product Type	Series 2015 Annual
Assessment Level Per Unit	
Single Family 68’	$1,205	
Single Family 73’	$1,388	
Single Family 83’	$1,458	
Single Family 90’	$1,572	

Note: The annual assessments level amounts have been grossed up to include collection costs from St. Johns County and a maximum discount for early payment as authorized by law.

The annual debt service payments for the Series 2017 Bonds, including interest due thereon, are payable and secured by the levy of non-ad valorem or special assessments against lands within Phase Three and Phase Four of the District (the “Series 2017 Assessment Area”). A legal description of the Series 2017 Assessment Area is attached hereto as Exhibit C.  The annual debt service obligations of the District which must be defrayed by annual assessments upon each parcel of land or platted lot within the Series 2017 Assessment Area will depend upon

the type of property purchased. Provided below are the current annual debt assessment levels for the Series 2017 Assessment Area for the Series 2017 Bonds.

The current annual debt assessments for the Series 2017 Bonds per unit within the Series 2017 Assessment Area are as follows (the “Series 2017 Debt Assessments”):

Product Type	Series 2017 Annual Assessment Level Per
Unit	
Single Family 43’	$759	
Single Family 53’	$940	
Single Family 63’	$1,121	
Single Family 68’	$1,205	
Single Family 73’	$1,389	
Single Family 83’	$1,458	
Single Family 90’	$1,572	

Note: The annual assessments level amounts have been grossed up to include collection costs from St. Johns County and a maximum discount for early payment as authorized by law.

Interested persons are encouraged to contact the District Manager for information regarding special assessments on a particular lot or parcel of lands. A copy of the District’s assessment methodology and assessment roll are available for review in the District’s public records.

The Series 2015 Debt Assessments and Series 2017 Debt Assessments described above exclude any operations and maintenance assessments (“O&M Assessments”) which may be determined and calculated annually by the District’s Board of Supervisors and are levied against all benefitted lands in the District. A detailed description of all costs and allocations which result in the formulation of assessments, fees, and charges is available for public inspection upon request.

The Capital Improvement Plan and financing plan of the District as presented herein reflect the District’s current intentions, and the District expressly reserves the right in its sole discretion to change those plans at any time. Additionally, the District may undertake the construction, reconstruction, acquisition, or installation of future improvements and facilities, which may be financed by bonds, notes, or other methods authorized by Chapter 190, Florida Statutes.

Method of Collection

The District’s Series 2015 Debt Assessments, Series 2017 Debt Assessments and/or operation and maintenance assessments may appear on that portion of the annual real estate tax notice entitled “non-ad valorem assessments,” and will be collected by the St. Johns County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both  ad valorem and non-ad valorem assessments at the same time. Property owners will, however,  be entitled to the same discounts as provided for ad valorem taxes. As with any tax notice, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

This description of the District’s operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the use and development of this community. If you have any questions or would simply like additional information about the District, please write to or call the: District Manager, Isles of Bartram Park Community Development District, 475 West Town Center, Suite 114, St. Augustine, Florida 32092, or call (904) 940-5850.

The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District’s public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the information contained herein may be subject to change over time, in the due course of the District’s activities and in accordance with Florida law. Prospective and current residents and other members of the public should seek confirmation and/or additional information from the District Manager’s office with regard to any questions or points of interest raised by the information presented herein.

IN WITNESS WHEREOF, this Amended and Restated Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the
 	day of 	, 2017, and recorded in the Official Records of St. Johns County, Florida.

ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT

By: Maurice Rudolph
Chairperson

Witness	Witness

Print Name	Print Name

STATE OF FLORIDA
COUNTY OF  	

The	foregoing	instrument	was	acknowledged	before	me	this	 	day of
 	, 2017, by Maurice Rudolph, Chairperson of the Isles of Bartram Park Community Development District, who is personally known to me or who has produced
 	 as identification, and did [ ] or did not [ ] take the  oath.

Notary Public, State of Florida

Print Name: 		 Commission No.: 	  My Commission Expires:  	

EXHIBIT A

EXHIBIT B

EXHIBIT C