Hammock Reserve Community Development District
Agenda November 2, 2021

October 26, 2021
Hammock Reserve
Community Development District
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Hammock Reserve
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Hammock Reserve Community Development District will be held Tuesday, November 2, 2021, at 1:30 PM at 346 E. Central Ave., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/85462182554
Call-In Number: 1-646-876-9923
Meeting ID: 854 6218 2554

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the October 5, 2021 Board of Supervisors Meeting
Ranking of Proposals Received for Construction Services for Phase 3
Ranking of Proposals Received for Construction Services for Phase 4
Consideration of Arbitrage Rebate Report for Series 2020 AA1 Project
Staff Reports
Attorney
Engineer
District Manager’s Report

1 Comments will be limited to three (3) minutes
Approval of Check Register
Balance Sheet & Income Statement
Items for Ratification:
Ratification of Summary of Series 2020 (AA1) Requisitions #56 to #60
Ratification of Summary of Series 2021 (AA2) Requisitions #34 to #39
Ratification of FY 2021 Funding Requests #13 to #16
Ratification of FY 2022 Funding Request #1
Other Business
Supervisors Requests and Audience Comments
Adjournment

M	I NUTES
MINUTES OF MEETING HAMMOCK RESERVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Hammock Reserve Community Development District was held Tuesday, October 5, 2021 at 1:30 p.m. at 346 E. Central Ave., Winter Haven, Florida.
Present and constituting a quorum:

Rennie Heath joined late	Chairman
Lauren Schwenk	Vice Chairman
Matthew Cassidy	Assistant Secretary
Justin Frye	Assistant Secretary
Andrew Rhinehart by Zoom	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Roy Van Wyk by Zoom	KE Law Group
Marshall Tindall	GMS Field
Clayton Smith by phone	GMS Field

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. There were three members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that there were no members of the public present.

THIRD ORDER OF BUSINESS	Approval of Minutes of the September 7,
2021 Board of Supervisors Meeting
Ms. Burns presented the September 7, 2021, Board of Supervisors meeting minutes and asked for any comments, changes, or corrections. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-01
Waiving	a	Portion	of	the	Rules	of
Procedure Regarding Notice of District Meetings
Ms. Burns stated that this resolution would waive the portion of the Rules of Procedure that would require the Board to publish monthly meeting notices. The meetings will be posted on the District’s website and also the annual schedule. Ms. Burns stated that this would save the District money.

FIFTH ORDER OF BUSINESS	Consideration of Construction Funding
Agreement for Phases 3 and 4
Ms. Burns stated this was with CH Dev LLC and the agreement stated that the entity will fund construction expenses until bonds are issued and then at that time it would be reimbursable out of bond funds.
Ms. Schwenk brought up that the agreement they previously looked at was CH Dev LLC and Hammock Reserve Partners. Ms. Burns stated they could approve this agreement as amended. Mr. Van Wyk asked that they approve the agreement for use with both CH Dev LLC and Hammock Reserve Partners.

*Rennie Heath joined the meeting at this time

SIXTH ORDER OF BUSINESS	Consideration of Temporary Construction
and	Access	Easement	Agreement	for Phases 3 and 4
Ms. Burns stated that CH Dev LLC was the landowner for Phase 3 and Hammock Reserve Partners was the landowner of Phase 4.

2

SEVENTH ORDER OF BUSINESS	Consideration	of	Audit	Services
Engagement Letter for Fiscal Year 2021 Audit
Ms. Burns stated that the total price was $4,900 and that this was an increase from the previous contract amount because they have issued bonds since then. She stated that this price was in line with what they see at other Districts that have bonds.

EIGHTH ORDER OF BUSINESS	Consideration of Playground Quote –
ADDED
Ms. Burns stated that this was for the playground at Tract H and that they needed to get it approved and ordered soon. The total amount was $92,189 and that was for purchase and installation. The Board and Ms. Burns discussed payments and projected length of the project.
Mr. Frye will discuss terms of the lease agreement with Gary, the agreement for the lease will be put on the next month’s agenda.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk stated that he did not have anything to report.

Engineer
There being no engineer present, the next item followed.

Field Manager
Mr. Tindall reviewed landscape contracts and maps for the areas that were ready for landscaping. Mr. Smith added that they have had Prince & Sons doing work every other week to

3
mow as things are planted that way there are no lapses in maintenance in these areas. He noted that what is there currently is complete and ready to be put under contract. These have been one- time services until a contract is put into place. Mr. Smith stated that the site is now ready to put the contract into place. Prince & Sons submitted the most competitive price.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register and asked for a motion to approve.

Balance Sheet & Income Statement
Ms. Burns stated that the financials were included in the packet for review. There was no action necessary unless there were any questions. The Board had no questions on the financials.

Ratification of Series 2020 (AA1) Requisition #55
Ms. Burns noted this has been approved and just needs to be ratified by the Board.

Ratification of Summary of Series 2021 (AA2) Requisitions #26 to #33
Ms. Burns noted that these have been approved, they just need to be ratified by the Board.

TENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Supervisors Requests and Audience
Comments
There being none, the next item followed.

4

TWELTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

SECTION IV
Hammock Reserve Phase 3 Bid Rankings																							

Price Rank	

1
4
3
2	

Schedule Rank	

1
3
2
4	

Price	
25

25.00
13.07
18.46
21.68	

Schedule	
25

25.00
21.28
22.87
11.70	

Financial Capability	
10

10
10
10
10	
20

Understanding of Work

20
20
20
20	

Experience	
15

15
15
15
15	

Personnel	
5

5
5
5
5	

Total	
100

100.00

84.34

91.33

83.38	

Overall Rank	

1

3

4

2	

Company	

Original Bid Price	

Adjusted Bid Price	
Days to Substantial Completion																				
Tucker	$6,725,198.34	$6,725,198.34	235																				
Cobb	$9,935,229.99	$9,935,229.99	270																				
Kearney	$8,484,848.48	$8,484,848.48	255																				
QGS	$7,619,183.77	$7,619,183.77	360																				

																							

SECTION V
Hammock Reserve Phase 4 Bid Rankings																							

Price Rank	

1
4
3
2	

Schedule Rank	

1
3
4
2	

Price	
25

25.00
14.85
17.60
21.30	

Schedule	
25

25.00
17.07
13.41
22.44	

Financial Capability	
10

10
10
10
10	
20

Understanding of Work

20
20
20
20	

Experience	
15

15
15
15
15	

Personnel	
5

5
5
5
5	

Total	
100

100.00

81.92

81.02

93.74	

Overall Rank	

1

3

4

2	

Company	

Original Bid Price	

Adjusted Bid Price	
Days to Substantial Completion																				
Tucker	$4,839,904.29	$4,839,904.29	205																				
Cobb	$6,804,576.63	$6,804,576.63	270																				
QGS	$6,271,621.49	$6,271,621.49	300																				
Kearney	$5,555,555.55	$5,555,555.55	226																				

																							

SECTION VI

REBATE REPORT
$5,380,000
Hammock Reserve Community Development District
(Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project)

Dated: October 22, 2020
Delivered: October 22, 2020

Rebate Report to the Computation Date October 22, 2023
Reflecting Activity To September 30, 2021

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
Proof of Arbitrage Yield	9
Bond Debt Service	11
Arbitrage Rebate Calculation Detail Report – Acquisition and Construction Fund	13
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	15
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	16
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	17

October 20, 2021

Hammock Reserve Community Development District c/o Ms. Katie Costa
Government Management Services – CF, LLC 6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Re:	$5,380,000 Hammock Reserve Community Development District (Haines City, Florida), Special Assessment Bonds, Series 2020 (Assessment Area One Project)

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Hammock Reserve Community Development District (the “District”)

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of September 30, 2022. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the October 22, 2023 Computation Date
Reflecting Activity from October 22, 2020 through September 30, 2021

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	0.006013%	65.44	(46,775.21)	
Capitalized Interest Fund	0.006013%	3.43	(2,441.17)	
Cost of Issuance Fund	0.000000%	0.00	0.00	
Debt Service Reserve Fund	0.006031%	17.44	(12,279.35)	
Totals	0.006017%	$86.31	$(61,495.73)	
Bond Yield	3.894652%			

Based upon our computations, no rebate liability exists.

4
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from October 22, 2020, the date of the closing, to September 30, 2021, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of October 22, 2023.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between October 22, 2020 and September 30, 2021, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
October 22, 2023.

Computation Period
The period beginning on October 22, 2020, the date of the closing, and ending on September 30, 2021.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

5
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund	Account Number	
Revenue	240230000	
Capitalized Interest	240230001	
Sinking	240230002	
Debt Service Reserve	240230003	
Prepayment	240230004	
Acquisition and Construction	240230005	

6

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of September 30, 2021, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to October 22, 2023. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on October 22, 2023, is the Rebatable Arbitrage.

7
$5,380,000
Hammock Reserve Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project) Delivered: October 23, 2020

Par Amount	$5,380,000.00	
Net Original Issue Premium	 	24,924.00	
Total	$5,404,924.00	

Acquisition & Construction Fund	$4,699,138.84	
Debt Service Reserve Fund	308,000.00	
Cost of Issuance Fund	182,675.00	
Capitalized Interest Fund	107,510.16	
Underwriter’s Discount	 	107,600.00	
Total	$5,404,924.00	

8

PROOF OF ARBITRAGE YIELD
$5,380,000
Hammock Reserve Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project)

	Present Value		
	to 10/22/2020		
Date	Debt Service	@ 3.8946523287%	
05/01/2021	107,510.16	105,354.93	
11/01/2021	102,390.63	98,421.45	
05/01/2022	202,390.63	190,828.88	
11/01/2022	101,078.13	93,483.52	
05/01/2023	206,078.13	186,953.64	
11/01/2023	99,700.00	88,719.96	
05/01/2024	209,700.00	183,041.16	
11/01/2024	98,256.25	84,126.86	
05/01/2025	208,256.25	174,902.77	
11/01/2025	96,812.50	79,754.33	
05/01/2026	211,812.50	171,158.53	
11/01/2026	94,943.75	75,255.37	
05/01/2027	214,943.75	167,116.80	
11/01/2027	92,993.75	70,920.73	
05/01/2028	212,993.75	159,334.74	
11/01/2028	91,043.75	66,806.38	
05/01/2029	216,043.75	155,501.16	
11/01/2029	89,012.50	62,844.47	
05/01/2030	219,012.50	151,673.31	
11/01/2030	86,900.00	59,031.55	
05/01/2031	221,900.00	147,858.36	
11/01/2031	84,200.00	55,033.21	
05/01/2032	224,200.00	143,738.30	
11/01/2032	81,400.00	51,190.04	
05/01/2033	226,400.00	139,656.66	
11/01/2033	78,500.00	47,498.41	
05/01/2034	228,500.00	135,618.75	
11/01/2034	75,500.00	43,954.63	
05/01/2035	235,500.00	134,484.67	
11/01/2035	72,300.00	40,499.00	
05/01/2036	237,300.00	130,385.08	
11/01/2036	69,000.00	37,188.05	
05/01/2037	239,000.00	126,350.33	
11/01/2037	65,600.00	34,017.82	
05/01/2038	245,600.00	124,926.67	
11/01/2038	62,000.00	30,934.47	
05/01/2039	247,000.00	120,884.91	
11/01/2039	58,300.00	27,987.74	
05/01/2040	253,300.00	119,277.53	
11/01/2040	54,400.00	25,127.34	
05/01/2041	254,400.00	115,262.73	
11/01/2041	50,400.00	22,398.89	
05/01/2042	260,400.00	113,517.05	
11/01/2042	46,200.00	19,755.42	
05/01/2043	266,200.00	111,654.56	
11/01/2043	41,800.00	17,197.64	
05/01/2044	266,800.00	107,671.95	
11/01/2044	37,300.00	14,765.55	
05/01/2045	272,300.00	105,733.52	
11/01/2045	32,600.00	12,416.72	
05/01/2046	277,600.00	103,712.92	
11/01/2046	27,700.00	10,151.20	
05/01/2047	282,700.00	101,621.95	
11/01/2047	22,600.00	7,968.83	
05/01/2048	287,600.00	99,471.55	
11/01/2048	17,300.00	5,869.22	
05/01/2049	292,300.00	97,271.85	

9

PROOF OF ARBITRAGE YIELD
$5,380,000
Hammock Reserve Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project)

Date	

Debt Service	Present Value to 10/22/2020
@  3.8946523287%	
11/01/2049	11,800.00	3,851.81	
05/01/2050	301,800.00	96,633.10	
11/01/2050	6,000.00	1,884.44	
05/01/2051	306,000.00	94,270.63	
	9,383,572.68	5,404,924.00	

Proceeds Summary

Delivery date	10/22/2020	
Par Value	5,380,000.00	
Premium (Discount)	24,924.00	
Target for yield calculation	5,404,924.00	

10

BOND DEBT SERVICE
$5,380,000
Hammock Reserve Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
10/22/2020						
05/01/2021			107,510.16	107,510.16	107,510.16	
11/01/2021			102,390.63	102,390.63		
05/01/2022	100,000	2.625%	102,390.63	202,390.63	304,781.26	
11/01/2022			101,078.13	101,078.13		
05/01/2023	105,000	2.625%	101,078.13	206,078.13	307,156.26	
11/01/2023			99,700.00	99,700.00		
05/01/2024	110,000	2.625%	99,700.00	209,700.00	309,400.00	
11/01/2024			98,256.25	98,256.25		
05/01/2025	110,000	2.625%	98,256.25	208,256.25	306,512.50	
11/01/2025			96,812.50	96,812.50		
05/01/2026	115,000	3.250%	96,812.50	211,812.50	308,625.00	
11/01/2026			94,943.75	94,943.75		
05/01/2027	120,000	3.250%	94,943.75	214,943.75	309,887.50	
11/01/2027			92,993.75	92,993.75		
05/01/2028	120,000	3.250%	92,993.75	212,993.75	305,987.50	
11/01/2028			91,043.75	91,043.75		
05/01/2029	125,000	3.250%	91,043.75	216,043.75	307,087.50	
11/01/2029			89,012.50	89,012.50		
05/01/2030	130,000	3.250%	89,012.50	219,012.50	308,025.00	
11/01/2030			86,900.00	86,900.00		
05/01/2031	135,000	4.000%	86,900.00	221,900.00	308,800.00	
11/01/2031			84,200.00	84,200.00		
05/01/2032	140,000	4.000%	84,200.00	224,200.00	308,400.00	
11/01/2032			81,400.00	81,400.00		
05/01/2033	145,000	4.000%	81,400.00	226,400.00	307,800.00	
11/01/2033			78,500.00	78,500.00		
05/01/2034	150,000	4.000%	78,500.00	228,500.00	307,000.00	
11/01/2034			75,500.00	75,500.00		
05/01/2035	160,000	4.000%	75,500.00	235,500.00	311,000.00	
11/01/2035			72,300.00	72,300.00		
05/01/2036	165,000	4.000%	72,300.00	237,300.00	309,600.00	
11/01/2036			69,000.00	69,000.00		
05/01/2037	170,000	4.000%	69,000.00	239,000.00	308,000.00	
11/01/2037			65,600.00	65,600.00		
05/01/2038	180,000	4.000%	65,600.00	245,600.00	311,200.00	
11/01/2038			62,000.00	62,000.00		
05/01/2039	185,000	4.000%	62,000.00	247,000.00	309,000.00	
11/01/2039			58,300.00	58,300.00		
05/01/2040	195,000	4.000%	58,300.00	253,300.00	311,600.00	
11/01/2040			54,400.00	54,400.00		
05/01/2041	200,000	4.000%	54,400.00	254,400.00	308,800.00	
11/01/2041			50,400.00	50,400.00		
05/01/2042	210,000	4.000%	50,400.00	260,400.00	310,800.00	
11/01/2042			46,200.00	46,200.00		
05/01/2043	220,000	4.000%	46,200.00	266,200.00	312,400.00	
11/01/2043			41,800.00	41,800.00		
05/01/2044	225,000	4.000%	41,800.00	266,800.00	308,600.00	
11/01/2044			37,300.00	37,300.00		
05/01/2045	235,000	4.000%	37,300.00	272,300.00	309,600.00	
11/01/2045			32,600.00	32,600.00		
05/01/2046	245,000	4.000%	32,600.00	277,600.00	310,200.00	
11/01/2046			27,700.00	27,700.00		
05/01/2047	255,000	4.000%	27,700.00	282,700.00	310,400.00	
11/01/2047			22,600.00	22,600.00		
05/01/2048	265,000	4.000%	22,600.00	287,600.00	310,200.00	
11/01/2048			17,300.00	17,300.00		
05/01/2049	275,000	4.000%	17,300.00	292,300.00	309,600.00	

11

BOND DEBT SERVICE
$5,380,000
Hammock Reserve Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2049			11,800.00	11,800.00		
05/01/2050	290,000	4.000%	11,800.00	301,800.00	313,600.00	
11/01/2050			6,000.00	6,000.00		
05/01/2051	300,000	4.000%	6,000.00	306,000.00	312,000.00	
	5,380,000		4,003,572.68	9,383,572.68	9,383,572.68	

12

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.894652%)

10/22/20	Beg	Bal	-4,699,138.84	-5,275,617.68	
10/28/20			285,962.08	320,836.89	
10/28/20			5,987.20	6,717.38	
10/28/20			3,850.00	4,319.53	
10/28/20			1,666.50	1,869.74	
10/28/20			3,000.00	3,365.87	
10/28/20			3,000.00	3,365.87	
10/29/20			6,000.00	6,731.02	
11/03/20			-0.51	-0.57	
11/05/20			3,000.00	3,363.34	
11/18/20			1,417.37	1,586.82	
11/25/20			36,666.00	41,018.80	
11/25/20			18,333.00	20,509.40	
11/25/20			1,362,964.75	1,524,769.13	
11/25/20			5,200.00	5,817.32	
12/02/20			-1.52	-1.70	
12/04/20			741.00	828.17	
12/08/20			3,000.00	3,351.47	
12/10/20			762.50	851.65	
12/11/20			1,380.00	1,541.18	
12/21/20			7,885.00	8,796.53	
12/23/20			1,462.50	1,631.22	
01/05/21			2,950.00	3,286.10	
01/05/21			-1.57	-1.75	
01/05/21			3,000.00	3,341.79	
01/07/21			3,000.00	3,341.08	
01/07/21			350.00	389.79	
01/13/21			719,729.05	801,041.36	
01/13/21			3,000.00	3,338.93	
01/19/21			8,900.00	9,899.12	
01/20/21			75.00	83.41	
01/29/21			-1,380.00	-1,533.28	
02/02/21			-1.57	-1.74	
02/04/21			105.00	116.60	
02/04/21			3,000.00	3,331.42	
02/05/21			632,978.43	702,831.32	
02/05/21			3,000.00	3,331.07	
02/12/21			27,100.15	30,068.25	
03/02/21			-1.42	-1.57	
03/03/21			2,560.00	2,834.00	
03/03/21			360,305.39	398,868.78	
03/03/21			835,298.39	924,700.16	
03/03/21			3,000.00	3,321.09	
03/29/21			3,000.00	3,311.85	
03/29/21			11,664.03	12,876.51	
03/29/21			3,000.00	3,311.85	
03/29/21			263,342.66	290,717.16	

13

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.894652%)	
04/01/21	13,124.06	14,485.20	
04/01/21	3,843.00	4,241.57	
04/02/21	-1.57	-1.73	
04/05/21	3,900.00	4,302.64	
04/13/21	-11,664.03	-12,857.21	
04/14/21	690.00	760.50	
04/14/21	19,575.00	21,575.12	
04/20/21	3,000.00	3,304.41	
04/29/21	6,405.00	7,048.11	
05/04/21	-1.52	-1.67	
05/05/21	2,875.00	3,161.64	
05/05/21	255.50	280.97	
05/07/21	2,885.64	3,172.66	
05/07/21	14,068.56	15,467.88	
05/21/21	-6,533.00	-7,172.04	
06/02/21	-1.57	-1.72	
06/07/21	-188,149.80	-206,200.16	
06/11/21	191,684.40	209,983.84	
06/16/21	3,000.00	3,284.64	
07/02/21	-1.52	-1.66	
08/03/21	-1.57	-1.71	
08/27/21	-18,746.55	-20,369.67	
09/02/21	-1.58	-1.72	
09/09/21	2,500.00	2,712.97	
09/27/21	1,350.00	1,462.18	
09/29/21	5,150.00	5,576.75	
09/30/21	AC Balance	9,751.37	10,558.27	
09/30/21	AC Accrual	0.05	0.05	
---------------------------------------------------------------- 10/22/23	TOTALS:	65.44	-46,775.21
----------------------------------------------------------------

ISSUE DATE:	10/22/20	REBATABLE ARBITRAGE:	-46,775.21	
COMP DATE:	10/22/23	NET INCOME:	65.44	
BOND YIELD:	3.894652%	TAX INV YIELD:	0.006013%	

14

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.894652%)

10/22/20	Beg Bal	-107,510.16	-120,699.24	
11/03/20		0.18	0.20	
12/02/20		0.53	0.59	
01/05/21		0.55	0.61	
02/02/21		0.55	0.61	
03/02/21		0.50	0.55	
04/02/21		0.55	0.61	
05/03/21		107,510.16	118,254.28	
05/04/21		-0.46	-0.51	
05/04/21		0.53	0.58	
06/02/21		0.04	0.04	
09/30/21	CI Balance	0.46	0.50	
---------------------------------------------------------------- 10/22/23	TOTALS:	3.43	-2,441.17
----------------------------------------------------------------

ISSUE DATE:	10/22/20	REBATABLE ARBITRAGE:	-2,441.17	
COMP DATE:	10/22/23	NET INCOME:	3.43	
BOND YIELD:	3.894652%	TAX INV YIELD:	0.006013%	

15

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.894652%)

10/22/20	Beg Bal	-182,675.00	-205,085.12
10/22/20	182,675.00	205,085.12
---------------------------------------------------------------- 10/22/23	TOTALS:	0.00	0.00
----------------------------------------------------------------

ISSUE DATE:	10/22/20	REBATABLE ARBITRAGE:	0.00
COMP DATE:	10/22/23	NET INCOME:	0.00
BOND YIELD:	3.894652%	TAX INV YIELD:	0.000000%

16

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.894652%)

10/22/20	Beg Bal	-308,000.00	-345,784.69	
11/03/20		0.51	0.57	
12/02/20		1.52	1.70	
01/05/21		1.57	1.75	
02/02/21		1.57	1.74	
03/02/21		1.42	1.57	
04/02/21		1.57	1.73	
05/04/21		1.52	1.67	
06/02/21		1.57	1.72	
07/02/21		1.52	1.66	
08/03/21		1.57	1.71	
09/02/21		1.58	1.72	
09/30/21	DSRF Balance	308,000.00	333,486.14	
09/30/21	DSRF Accrual	1.52	1.65	
---------------------------------------------------------------- 10/22/23	TOTALS:	17.44	-12,279.35
----------------------------------------------------------------

ISSUE DATE:	10/22/20	REBATABLE ARBITRAGE:	-12,279.35	
COMP DATE:	10/22/23	NET INCOME:	17.44	
BOND YIELD:	3.894652%	TAX INV YIELD:	0.006031%	

17

SECTION VII

SECTI..O	·C

S ECTION 1
Hammock Reserve
Community Development District
Summary of Checks

September 29, 2021 to October 26, 2021

Bank	Date	Check No.'s	Amount	

General Fund	
9/30/21	
157-161	
$	115,565.08	
	10/8/21	162-167	$	1,292.64	
	10/12/21	168	$	175.00	
			$	117,032.72	
			$	117,032.72	

.	. .
S ECTION 2

Hammock Reserve
Community Development District

Unaudited Financial Reporting
September 30, 2021

Table of Contents

1	 	Balance Sheet	

2-3	
 	General Fund 	

4	
 	Series 2020 Debt Service Fund 	

5	
 	Series 2021 Debt Service Fund 	

6	
 	Series 2020 Capital Project Fund 	

7	
 	Series 2021 Capital Project Fund 	

8-9	
 	Month to Month	

10	
 	Long Term Debt Report	
Hammock Reserve
Community Development District Combined Balance Sheet September 30, 2021

	General	Debt Service	Capital Projects	Totals
Fund	Fund	Fund	Governmental Funds	
Assets:		
Cash:
Operating Account	
$	11,219	$	-	$	1,000	$	12,219	
Series 2020:		
Reserve	$	-	$	308,000	$	-	$	308,000	
Revenue	$	-	$	101,498	$	-	$	101,498	
Interest	$	-	$	0	$	-	$	0	
Construction	$	-	$	-	$	9,751	$	9,751	
Series 2021:		
Reserve	$	-	$	278,100	$	-	$	278,100	
Revenue	$	-	$	6	$	-	$	6	
Interest	$	-	$	79,256	$	-	$	79,256	
Construction	$	-	$	-	$	2,562,819	$	2,562,819	
Cost of Issuance	$	-	$	-	$	0	$	0	
Due From Developer	$	1,414	$	-	$	15,571	$	16,985	
Prepaid Expenses	$	11,666	$	-	$	-	$	11,666	
Total Assets	$	24,299	$	766,861	$	2,589,142	$	3,380,302	

Liabilities:		
Accounts Payable	$	1,812	$	-	$	15,571	$	17,383	
Total Liabilities	$	1,812	$	-	$	15,571	$	17,383	

Fund Balances:		
Assigned for Debt Service - Series 2020	$	-	$	409,499	$	-	$	409,499	
Assigned for Debt Service - Series 2021	$	-	$	357,362	$	-	$	357,362	
Assigned for Capital Projects - Series 2020 $ Assigned for Capital Projects - Series 2021 $ Unassigned	$
-	$
-	$
22,487	$
-	$	10,751	$
-	$	2,562,819	$
-	$	-	$
10,751
2,562,819
22,487

Total Fund Balances	$	22,487	$	766,861	$	2,573,571	$	3,362,918	
					
Total Liabilities & Fund Balance	$	24,299	$	766,861	$	2,589,142	$	3,380,302	

1

Revenues:					
Assessments - Lot Closings	$	-	$	-	$	57,049	$	57,049	
Boundary Amendment Contributions	$	-	$	-	$	28,381	$	28,381	
Developer Contributions	$	165,127	$	165,127	$	60,000	$	(105,127)	
Total Revenues	$	165,127	$	165,127	$	145,429	$	(19,697)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	12,000	$	8,600	$	3,400	
Engineering	$	15,000	$	15,000	$	105	$	14,895	
Attorney	$	25,000	$	25,000	$	21,194	$	3,806	
Annual Audit	$	3,000	$	3,000	$	2,800	$	200	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	
Arbitrage	$	650	$	650	$	-	$	650	
Dissemination	$	5,000	$	5,000	$	4,667	$	333	
Trustee Fees	$	3,550	$	3,550	$	-	$	3,550	
Management Fees	$	35,000	$	35,000	$	35,000	$	(0)	
Information Technology	$	2,350	$	2,350	$	1,200	$	1,150	
Telephone	$	300	$	300	$	-	$	300	
Postage & Delivery	$	1,000	$	1,000	$	199	$	801	
Insurance	$	5,000	$	5,000	$	5,000	$	-	
Printing & Binding	$	1,000	$	1,000	$	52	$	948	
Legal Advertising	$	10,000	$	10,000	$	8,855	$	1,145	
Other Current Charges	$	5,000	$	5,000	$	1,058	$	3,942	
Boundary Amendment Expenses	$	-	$	-	$	28,381	$	(28,381)	
Office Supplies	$	625	$	625	$	29	$	596	
Travel Per Diem	$	660	$	660	$	-	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	130,310	$	130,310	$	117,314	$	12,996	

2

Operation and Maintenance

Field Expenses					
Property Insurance	$	5,000	$	5,000	$	-	$	5,000	
Field Management	$	6,250	$	6,250	$	-	$	6,250	
Landscape Maintenance	$	11,650	$	11,650	$	2,125	$	9,525	
Landscape Replacement	$	1,042	$	1,042	$	-	$	1,042	
Streetlights	$	5,250	$	5,250	$	634	$	4,616	
Electric	$	833	$	833	$	283	$	550	
Water & Sewer	$	417	$	417	$	1,045	$	(628)	
Sidewalk & Asphalt Maintenance	$	208	$	208	$	-	$	208	
Irrigation Repairs	$	1,042	$	1,042	$	-	$	1,042	
General Repairs & Maintenance	$	2,083	$	2,083	$	-	$	2,083	
Contingency	$	1,042	$	1,042	$	-	$	1,042	

Amenity Expenses
Equipment Lease	

$	-	

$	-	

$	5,963	

$	(5,963)	
Total O&M Expenses:	$	34,817	$	34,817	$	10,051	$	24,766	
					
Total Expenditures	$	165,127	$	165,127	$	127,364	$	37,762	
					
Excess Revenues (Expenditures)	$	-		$	18,065		
					
Fund Balance - Beginning	$	-		$	4,422		
					
Fund Balance - Ending	$	-		$	22,487		

3

Revenues:			
Assessments - Lot Closings	$	-	$	-	$	101,494	$	101,494	
Interest Income	$	-	$	-	$	21	$	21	
Total Revenues	$	-	$	-	$	101,514	$	101,514	

Expenditures:			

Interest Expense - 5/1	
$	-	$	-	$	107,510	
$	(107,510)	
Total Expenditures	$	-	$	-	$	107,510	$	(107,510)	

Other Financing Sources/(Uses)			
Bond Proceeds	$	-	$	-	$	415,510	$	415,510	
Transfer In/(Out)	$	-	$	-	$	(15)	$	(15)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	415,495	$	415,495	
			
Excess Revenues (Expenditures)	$	-	$	409,499		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	409,499		

4
Debt Service Fund - Series 2021
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2021

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/21	Thru 09/30/21	Variance	

Revenues:			
Interest Income	$	-	$	-	$	6	$	6	
Total Revenues	$	-	$	-	$	6	$	6	

Other Financing Sources/(Uses)

Bond Proceeds	

$	-	$	-	$	357,356	

$	357,356	
Total Other Financing Sources/(Uses)	$	-	$	-	$	357,356	$	357,356	
			
Excess Revenues (Expenditures)	$	-	$	357,362		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	357,362		

5

Revenues:			
Interest Income	$	-	$	-	$	66	$	66	
Developer Contributions	$	-	$	-	$	1,207,944	$	1,207,944	
Total Revenues	$	-	$	-	$	1,208,010	$	1,207,944	

Expenditures:			

Capital Outlay	
$	-	$	-	$	5,588,529	
$	(5,588,529)	
Capital Outlay - Cost of Issuance	$	-	$	-	$	290,275	$	(290,275)	
Total Expenditures	$	-	$	-	$	5,878,804	$	(5,878,804)	

Other Financing Sources/(Uses)			
Bond Proceeds	$	-	$	-	$	4,964,490	$	4,964,490	
Bond Premium	$	-	$	-	$	24,924	$	24,924	
Transfer In/(Out)	$	-	$	-	$	15	$	15	
Total Other Financing Sources/(Uses)	$	-	$	-	$	4,989,429	$	4,989,429	
			
Excess Revenues (Expenditures)	$	-	$	318,635		
			
Fund Balance - Beginning	$	-	$	(307,883)		
			
Fund Balance - Ending	$	-	$	10,751		

6

Revenues:			
Interest Income	$	-	$	-	$	65	$	65	
Total Revenues	$	-	$	-	$	65	$	-	

Expenditures:			

Capital Outlay	
$	-	$	-	$	1,870,768	
$	(1,870,768)	
Capital Outlay - Cost of Issuance	$	-	$	-	$	284,275	$	(284,275)	
Total Expenditures	$	-	$	-	$	2,155,043	$	(2,155,043)	

Other Financing Sources/(Uses)			
Bond Proceeds	$	-	$	-	$	4,632,644	$	4,632,644	
Bond Premium	$	-	$	-	$	85,153	$	85,153	
Total Other Financing Sources/(Uses)	$	-	$	-	$	4,717,797	$	4,717,797	
			
Excess Revenues (Expenditures)	$	-	$	2,562,819		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	2,562,819		

7

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Assessments - Lot Closings	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	20,068	$	13,636	$	23,344	$	-	$	-	$	57,049	
Boundary Amendment Contributions	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	26,759	$	207	$	1,414	$	28,381	
Developer Contributions	$	20,000	$	-	$	20,000	$	-	$	20,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	60,000	
Total Revenues	$	20,000	$	-	$	20,000	$	-	$	20,000	$	-	$	-	$	20,068	$	13,636	$	50,104	$	207	$	1,414	$	145,429	

Expenditures:														
General & Administrative:														

Supervisor Fees	
$	1,000	
$	600	
$	1,000	
$	800	
$	-	
$	1,000	
$	800	
$	-	
$	800	
$	800	
$	800	
$	1,000	
$	8,600	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	105	$	105	
Attorney	$	2,600	$	1,461	$	1,217	$	1,283	$	530	$	1,695	$	2,341	$	1,843	$	2,585	$	2,216	$	3,426	$	-	$	21,194	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	1,000	$	1,000	$	800	$	-	$	-	$	-	$	-	$	2,800	
Assessment Administration	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dissemination	$	-	$	-	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	583	$	583	$	583	$	4,667	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Management Fees	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	35,000	
Information Technology	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	1,200	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Postage & Delivery	$	4	$	3	$	1	$	25	$	-	$	7	$	-	$	46	$	6	$	4	$	62	$	41	$	199	
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,000	
Printing & Binding	$	11	$	13	$	4	$	2	$	4	$	-	$	6	$	5	$	5	$	-	$	2	$	-	$	52	
Legal Advertising	$	510	$	431	$	1,282	$	1,278	$	-	$	431	$	-	$	-	$	-	$	-	$	4,924	$	-	$	8,855	
Other Current Charges	$	-	$	265	$	126	$	127	$	121	$	126	$	120	$	31	$	38	$	41	$	39	$	24	$	1,058	
Boundary Amendment Expenses	$	-	$	5,178	$	1,848	$	2,732	$	3,337	$	9,120	$	4,545	$	1,213	$	207	$	201	$	-	$	-	$	28,381	
Office Supplies	$	3	$	3	$	3	$	2	$	3	$	0	$	3	$	3	$	5	$	0	$	3	$	3	$	29	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total General & Administrative:	$	12,319	$	10,969	$	8,913	$	9,680	$	7,427	$	16,813	$	12,248	$	7,374	$	7,080	$	6,862	$	12,856	$	4,773	$	117,314	

8

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Operation and Maintenance														
Field Expenses
Property Insurance	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	
Field Management	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,125	$	2,125	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Streetlights	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	353	$	281	$	-	$	634	
Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	70	$	19	$	26	$	138	$	32	$	283	
Water & Sewer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	137	$	377	$	119	$	119	$	293	$	1,045	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Amenity Expenses
Equipment Lease	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	1,491	

$	1,491	

$	1,491	

$	1,491	

$	5,963	
Total O&M Expenses:	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	206	$	1,886	$	1,989	$	2,029	$	3,940	$	10,051	
														
Total Expenditures	$	12,319	$	10,969	$	8,913	$	9,680	$	7,427	$	16,813	$	12,248	$	7,580	$	8,966	$	8,851	$	14,885	$	8,713	$	127,364	
														
Excess Revenues (Expenditures)	$	7,681	$	(10,969)	$	11,087	$	(9,680)	$	12,573	$	(16,813)	$	(12,248)	$	12,488	$	4,670	$	41,252	$	(14,678)	$	(7,299)	$	18,065	

9
Hammock Reserve
Community Development District Long Term Debt Report

SERIES 2020, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	2.625%, 3.250%, 4.000%	
MATURITY DATE:	5/1/2051	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$308,000	
RESERVE FUND BALANCE	$308,000	
BONDS OUTSTANDING - 10/22/20	$5,380,000	
CURRENT BONDS OUTSTANDING	$5,380,000	

SERIES 2021, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	2.375%, 3.000%, 3.375%, 4.000%	
MATURITY DATE:	5/1/2051	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$278,100	
RESERVE FUND BALANCE	$278,100	
BONDS OUTSTANDING - 5/18/21	$4,990,000	
CURRENT BONDS OUTSTANDING	$4,990,000	

10

SECTION 3

SECTION (a)
56	Prince & Sons., Inc.	$	2,500.00	
57	Blue Ox Enterprises, LLC	$	7,251.37	
58	Steve's Electric, Inc.	$	1,350.00	
59	Stewart & Associates Property Services, Inc.	$	5,150.00	
60	Stewart & Associates Property Services, Inc.	$	2,501.60	
	TOTAL	$	18,752.97	

SECTION (b)
34	JMBI Real Estate, LLC	$	3,000.00	
35	Wood & Associates Engineering, LLC	$	5,710.00	
36	Wood & Associates Engineering, LLC	$	291.25	
37	Wood & Associates Engineering, LLC	$	843.75	
38	Tucker Paving, Inc.	$	171,557.23	
39	Core & Main	$	55,576.30	
	TOTAL	$	236,978.53	

SECTION (c)

Bill to:	JMBl Real Estate

Pa\f!!e	Series ZOZO capital Projects Fund

1	Blue Ox Enterprises, LLC
Pay Application# 12 period thru 8/20/21	s	23,525.08

$	23,525.08

Total:	$	23,525.08

Please make check payable to:

Hammock Reserve Community Development District
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

The undersigned hereby further certifies that the invoices listed are costs of the Series 2020 project which have not previously been paid.

1	Stewart & Associates Property Services Inc
Invoice# 11198-Pay Application #5	s	75,365.00

$	7S,365.00

Total:	$	75,365.00

Please make check payable to:

Hammock Reserve Community Development District
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

The undersigned hereby further certifies that the invoices listed are costs of the Series 2020 project which have not previously been paid.

1	Greenland Services LLC
lnvoice#220328-Mow ofall common areas	$	6,500.00

Total:	$	6,500.00

Please make check payable to:

Hammock Reserve Community Development District
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

The undersigned hereby further certifies that the invoices listed are costs of the Series 2020 project which have not previously been paid.
-zJc--

1	KELawGroup LLC
Invoice# 303 - Project Construction for Aug 2021	
$	160.50	
2	Blue Ox Enterprises LLC
Pay Application# 13 period thru 9/20/21	
$	10,407.28	

 		$	 	10,567.78

Total:	$	10,567.78

Please make check payable to:

Hilmmadc Reserve Community Development District
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

The undersigned hereby further certifies that the invoiceslisted are costs of the Series 2020 project which have not previously been paid.

SECTION (d)
Hammock Reserve
Community Development District
FV22 Funding Request# 1
October S, 2021

&ill t o:	JMBI Real Estate

Payee	Serles 2020 Capital Projects Fund

l	Stewart & Assocaltes Property Services
Invo ice# 11200 - Addit ional Bahia Sod	$	5,003.40

 		$	 		5,003.40

Total:	$	5,003.40

Please make check payable to:

Hammock Reserve Community Development District
6200 Lee Vista Boulevard, Suite 300
Ortando, FL 32822

The undersigned hereby further certifies that the invoices listed are costs of the Series 2020 project which have not previously been paid.