Cory Lakes Community Development District - cory lake isles

www.dpfg.comCORY LAKESCOMMUNITY DEVELOPMENT DISTRICTAdvanced Meeting PackageBoard of SupervisorsMeetingWednesdayAugust 21, 20136:00 p.m.Cory Lake Beach Club10441 Cory Lakes DriveTampa, FloridaNote: The Advanced Meeting Package is a working document and thus all materialsare considered DRAFTS prior to presentation and Board acceptance, approval oradoption.

Cory LakesCommunity Development DistrictAugust 14, 2013Development Planning and Financing Group15310 Amberly Drive, Suite 175, Tampa, Florida 33647Phone: 813-374-9105Fax: 813-374-9106Board of SupervisorsCory Lakes CommunityDevelopment DistrictDear Board Members:A Regular meeting of the Board of Supervisors of the Cory Lakes Community Development District isscheduled for Wednesday, August 21, 2013, at 6:00 p.m. at the Cory Lakes Beach Club, 10441 CoryLakes Drive, Tampa, Florida. The advanced copy of the agenda for the meeting is attached.Enclosed for your review and consideration in the Advance Board Package is:• Meeting Dates for FY 2014;• Employee Leasing Firm Documentation;• FY 2013-2014 Proposed Budget;• Resolution 2013-12, Annual Appropriations and Budget Adoption;• Resolution 2013-13, Assessment Levy;• District Management Reports;• Facilities Manager Report; and• July Incident Report.Enclosed separately under Appendix A are the items listed on the Consent Agenda which include theBoard and Committee minutes and financial statements/check register.The balance of the agenda is routine in nature. Staff and the Committees will present their reports at themeeting. Any additional support material will be forwarded to you under separate cover or distributed atthe meeting. If you have any questions, please contact me. I look forward to seeing you there.Sincerely,John DaugirdaJohn DaugirdaDistrict Manager

District:CORY LAKES COMMUNITY DEVELOPMENT DISTRICTDate of Meeting: Wednesday, August 21, 2013Time:6:00 p.m.Location:Cory Lake Beach Club10441 Cory Lakes DriveTampa, FloridaI. Roll CallBusiness MeetingAgendaII.Chairperson’s and Manager’s Opening RemarksIII. Audience Comments on Agenda Items[Residents/Audience will have TWO opportunities to address the Board and staff during the meetingunder the Third and Eighth Orders of Business. All Residents planning to speak at the meeting, pleasefill out an index card upon arrival with name, address, and the topic of your comment. Three minutes perindividual.]IV.Administrative Items:A. Board Member Revisions to AgendaB. Consent Agenda Items See Appendix A to AgendaC. Meeting Date for FY 2013-2014 Exhibit 1‣ Board Meeting‣ Committee MeetingsV. General Business MattersA. Pool Construction Project‣ Kolter Proposal‣ Construction Manager AgreementB. District Staffing – Employee Leasing Exhibit 2‣ Howard Leasing [part of Rita Staffing]‣ Innovative Employer SolutionsC. Additional MattersVI. Public Hearing on the Budget for FY 2013-2014A. Open Public HearingB. Presentation Exhibit 3C. Public Comment and DiscussionD. Equalization of Assessments

CORY LAKES CDD AGENDA 8-17-2013E. Resolution 2013-12, Annual Appropriations and Budget Adoption Exhibit 4F. Resolution 2013-13, Assessment Levy Exhibit 5G. Close Public HearingVI.Staff Reports:A. Attorney1. “Opportunity to Be Heard” Legislation2. Meadows Appraisal UpdateB. EngineerC. Manager1. CDD Management Reports Exhibit 6‣ Management Table‣ Financial Executive SummaryD. Facilities Manager Report Activities Report Exhibit 7VII.Committee Reports:A. FinanceB. Landscape-Aquascape-Facilities.C. Pool Sub-CommitteeD. Security - July Security Incident Report Exhibit 8E. Strategic Planning CommitteeF. Communications Task Force [C. Spiro]IX.Supervisor RequestsX. Public CommentsXI.Adjournment

CORY LAKES CDD AGENDA 8-17-2013APPENDIX “A”Table of Contents1. Approval of Board Meeting Minutes of July 10, 20132. Acceptance of Pool Sub Committee Meeting Minutes of July 30, 20133. Acceptance of Security Committee Meeting Minutes of August 5, 20134. Acceptance of Unaudited Financial Statements as of July 2013 [byelectronic mail only.]

EXHIBIT 1.

Notice of MeetingsCory Lakes Community Development DistrictAs required by Chapters 189 and 190 of Florida Statutes, notice is hereby given that the Fiscal Year2014 regular meetings of the Board of Supervisors of the Cory Lakes Community Development District arescheduled to be held on the third Wednesday of every month at 6:00 p.m. at the Cory Lakes Beach Club, 10441Cory Lakes Drive, Tampa, Florida. The meeting dates are as follows (exceptions in times and days are notedbelow):October 16, 2013November 20, 2013December 18, 2013January 15, 2014February 19, 2014March 19, 2014April 16, 2014May 21, 2014June 18, 2014July 16, 2014August 20, 2014September 17, 2014The meetings will be open to the public and will be conducted in accordance with the provisions ofFlorida Law for Community Development Districts. Any meeting may be continued to a date, time and place tobe specified on the record at a meeting. A copy of the agenda for the meetings listed above, may be obtainedfrom Development Planning and Financing Group (“DPFG”), 15310 Amberly Drive, Suite 175, Tampa, Florida33647 at (813) 374-9105, one week prior to the meeting.There may be occasions when one or more supervisors will participate by telephone.Pursuant with the provisions of the Americans with Disabilities Act, any person requiring specialaccommodations at this meeting because of a disability or physical impairment should contact the District’sOffice, DPFG, at the number above. If you are hearing or speech impaired, please contact the Florida RelayService at (800) 955-8770 for aid in contacting the District Office at least two (2) business days prior to the dateof the hearing and meeting.Each person who decides to appeal any action taken at the meetings is advised that the person will needa record of proceedings and that accordingly, the person may need to ensure that a verbatim record of theproceedings is made, including the testimony and evidence upon which such appeal is to be based.DPFG, District Manager

Notice of Committee MeetingsCory Lakes Community Development DistrictAs required by Chapters 189 and 190 of Florida Statutes, notice is hereby given that the Fiscal Year2014 Committee meetings of the Board of Supervisors of the Cory Lakes Community Development District arescheduled to be held at the Cory Lakes Beach Club, 10441 Cory Lakes Drive, Tampa, Florida. The meetingdates and times are as follows (exceptions in times and days are noted below):Finance Committee – Every first Thursday at 7:00 p.m.October 3, 2013 April 3, 2014November 7, 2013 May 1, 2014December 5, 2013 June 5, 2014January 2, 2014 July 3, 2014February 6, 2014 August 7, 2014March 6, 2014 September 4, 2014Landscape-Aquascape-Facilities Maintenance Committee – Every second Tuesday at10:00 a.m.October 8, 2014 April 8, 2014November 12, 2014 May 13, 2014December 10, 2014 June 10, 2014January 14, 2014 July 8, 2014February 11, 2014 August 12, 2014March 11, 2014 September 9, 2014Security Committee – Every first Monday at 7:00 p.m.October 7, 2013 April 7, 2014November 4, 2013 May 5, 2014December 2, 2013 June 2, 2014January 6, 2014 July 7, 2014February 3, 2014 August 4, 2014March 3, 2014September 8, 2014 [2 nd Monday]Strategic Planning – Every Second and Fourth Monday at 6:00 p.m.October 14, 2013 [Columbus Day] April 14, 2014October 28, 2013 April 28, 2014November 11, 2013 [Veterans Day] May 12, 2014November 25, 2013May 26, 2014 [Memorial Day]December 9, 2013 June 9, 2014December 23, 2013 June 23, 2014January 13, 2014 July 14 , 2014January 27, 2014 July 28, 2014February 10, 2014 August 11, 2014February 24, 2014 August 25, 2014March 10, 2014 September 8, 2014March 24, 2014 September 22, 2014

Note: Meeting may be added or cancelled, and will be noticed and publicized at the Cory Lake BeachClub and at the entrances to the District. You may also obtain information by calling the Cory Lake Beach Clubat 813-986-1031 or by email at clibeachclub@gmail.com.All meetings will be open to the public and will be conducted in accordance with the provisions ofFlorida Law for Community Development Districts. Any meeting may be continued to a date, time and place tobe specified on the record at a meeting. A copy of the agenda for the meetings listed above, may be obtainedfrom either DPFG, 15310 Amberly Drive, Suite 175, Tampa, Florida 33647 at (813) 374-9105, or the Cory LakeBeach Club, 10441 Cory Lakes Drive, Tampa, Florida at 813-986-1031 or clibeachclub@gmail.com, one weekprior to the meeting.One or more supervisors of the Board of Supervisors of the Cory Lakes Community DevelopmentDistrict may be in attendance.Pursuant with the provisions of the Americans with Disabilities Act, any person requiring specialaccommodations at this meeting because of a disability or physical impairment should contact the District’sOffice, DPFG, at the number above. If you are hearing or speech impaired, please contact the Florida RelayService at (800) 955-8770 for aid in contacting the District Office at least two (2) business days prior to the dateof the hearing and meeting.DPFG, District Manager

EXHIBIT 2.

Cory Lakes CDDYour Cost as a Percentage of PayrollWorkers' Compensation CodesFL9012FICA Expense 6.20%Medicare Expense 1.45%State Unemployment Tax (SUTA)Federal Unemployment Tax (FUTA) 0.60%Workers' Compensation 1.71%Administration 2.75% Compare onlyYour Present Rates 12.71%FICA Expense 6.20%Medicare Expense 1.45%State Unemployment Tax (SUTA)Federal Unemployment Tax (FUTA) 0.60%Workers' Compensation 1.54%Administration 1.95%Innovative's Rates 11.74%Your Payroll with InnovativeWorkers' Compensation Codes FL9012 TotalsYour Gross Payroll Per Pay 2,308 2,308Your Current Total Cost Per Pay 2,601 2,601Innovative's Total Cost Per Pay 2,579 2,579Your Annual Gross Payroll 120,000 120,000Your Current Annual Total Cost 135,252 135,252Innovative's Annual Total Cost 134,087 134,087Total Annual Savings 1,165Employee Number 4 4Pay Cycle 52Innovative will reduce the above service fees when the statutory maximums are reached for FUTA,SUTA and for FICA. The proposal is not binding until acceptance by Innovative's workers' compcarrier is obtained.Other Charges:The Delivery and Handling Charges are $9.75 per location.

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EXHIBIT 3.

CORY LAKES CDDREVISED BUDGET FISCAL YEAR 2014REVISED 08-14-2013Prepared By:

STATEMENT 1CORY LAKES CDDREVISED BUDGET FISCAL YEAR 2014GENERAL FUND (O&M)REVISED 08-14-2013FY 13 AMENDED FY 2014 FY 2014 DIFFERNECEADOPTED PROPOSED REVISED PROPOSEDBUDGET BUDGET BUDGET REVISEDSOD REPLACEMENT 20,000 20,000 20,000 -WELL MAINTENANCE - IRRIGATION 6,000 6,000 6,000 -IRRIGATION - MAINTENANCE 10,000 10,000 10,000 -TREE REMOVAL 20,000 20,000 20,000 -INSPECTION SERVICES (OLM) 12,000 12,000 12,000 -IRRIGATION/REPAIR OF SELECTED LANDSAPE AREAS - - 20,000 20,000LAKE AND POND MAINTENANCE 20,000 20,000 20,000 -TOTAL LANDSCAPING MAINTENANCE 412,500 412,500 443,500 31,000FACILITIES MAINTENANCE:OUTSIDE FACILITIES MAINTENANCE 25,000 25,000 25,000 -CLEANING (BC & GH) 10,000 10,000 25,000 15,000PEST CONTROL 1,600 1,600 1,800 200POOL MAINTENANCE - 50,000 50,000 -BARCODE DATABASE (Ron's Communication etc.) 1,000 1,000 3,500 2,500SECURITY GATE MAINTENANCE / REPAIR (CC & MB) 10,000 10,000 15,000 5,000SECURITY GATE MAINTENANCE / REPAIR (Cachet Isles only) - - 14,720 14,720MONUMENTS AND SIGNS 5,000 5,000 5,000 -FOUNTAINS 5,000 5,000 7,000 2,000STORM WATER DRAINAGE 15,000 15,000 15,000 -STORAGE 2,000 2,000 3,000 1,000STREET SWEEPING 1,500 1,500 1,500 -RECREATION EQUIPMENT MAINTENANCE AND REPAIR 20,000 20,000 20,000 -BUILDING / EQUIPMENT MAINTENANCE AND REPAIR 20,000 20,000 20,000 -PRESSURE WASHING 10,000 10,000 10,000 -PAVER REPAIRS 30,000 30,000 30,000 -RESURFACE STORM WATER SUMP STRUCTURES - - 25,000 25,000POLE BANNER REPLACEMENTS - - 7,500 7,500CLEAR & REPAIR MONUMENT LANTERNS - - 7,500 7,500COMMERCIAL WINDOW CLEANING - - 5,000 5,000TOTAL FACILITIES MAINTENANCE 156,100 206,100 291,520 85,420CAPITAL IMPROVEMENT PROGRAMSTREETS, DRAINS, PAVERS, SIDEWALKS, ETC. 33,653 33,653 33,700 47TREE REPLACEMENT AND REMOVAL - - - -RUST INHIBITOR SYSTEM 5,000 5,000 5,000 -GUARDHOUSE RENOVATION 25,000 - - -BEACH CLUB IMPROVEMENTS 25,000 - - -IRRIGATION SYSTEM - NEW 20,000 20,000 - (20,000)RESERVE FUNDS (RUL Study) - - -BOARDWALK REPAIR/REPLACEMENT 35,000 35,000 - (35,000)TENNIS COURT RESURFACING 8,000 8,000 - (8,000)VEHICLE - NEW - - - -SKATE PARK RESURFACING 15,000 15,000 - (15,000)BRIDGE REMOVAL AT MB ENTRANCE 500 500 - (500)STRATEGIC PLANNING INITIATIVE - - 15,000 15,000POOL AREA FURNITURE - - 100,000 100,000IMPROVEMENTS TO BACK OF BEACH CLUB - - 15,000 15,000SHADE STRUCTURE FOR BC PLAYGROUND - - 20,000 20,000REMOVE & REPOSITION BC PLAYGROUND EQUIPMENT - - 30,000 30,000IRRIGATION IMPROVEMENTS NEAR MB CROSS CREEK GATES - - 20,000 20,000SPEED MANAGEMENT (15 MPH) NEAR BEACH CLUB - - 20,000 20,000INEGRATED SECURITY MANAGEMENT SYSTEM - - 40,000 40,000INTERFUND TRANSFERS OUT - POOL ESCROW FUND - - 130,000 130,000

STATEMENT 1CORY LAKES CDDREVISED BUDGET FISCAL YEAR 2014GENERAL FUND (O&M)REVISED 08-14-2013FY 13 AMENDED FY 2014 FY 2014 DIFFERNECEADOPTED PROPOSED REVISED PROPOSEDBUDGET BUDGET BUDGET REVISEDTOTAL CAPITAL IMPROVEMENT PROGRAM 167,153 117,153 428,700 311,547TOTAL EXPENDITURES 1,784,793 1,784,793 2,283,700 498,907EXCESS OF REVENUE OVER (UNDER) EXPENDITURES - - (0) (0)FUND BALANCE - BEGINNING - 1,408,223 1,035,331FUND BALANCE - ENDING $ - $ 1,408,223 $ 1,035,331 $-

STATEMENT 2CORY LAKES CDDREVISED BUDGET FISCAL YEAR 20141996 A/B DEBT SERVICE FUNDREVISED 08-14-2013FY 2013 FY 2014ADOPTED REVISEDBUDGET BUDGETREVENUESPECIAL ASSESSMENTS-1996A - ON-ROLL (GROSS) $ 144,383 $ 144,383SPECIAL ASSESSMENTS-1996B - ON-ROLL (GROSS) 70,502 70,502SPECIAL ASSESSMENTS-1996B - DEVELOPER (GROSS) - -SPECIAL ASSESSMENTS-Other - -INTEREST--INVESTMENT - -PREPAYMENT ON BONDS - -LESS: DISCOUNT ASSESSMENTS (8,595) (8,595)TOTAL REVENUE 206,289 206,289EXPENDITURESARBITRAGE REPORTINGDISSEMINATION AGENTTRUSTEE FEESCOUNTY - ASSESSMENT COLLECTION FEES 8,595 8,595INTEREST EXPENSE--A BONDSNovember 1, 2013 21,147 17,588May 1, 2014 21,147 17,588INTEREST EXPENSE--B BONDSNovember 1, 2013 30,150 30,150May 1, 2014 30,150 30,150PRINCIPAL RETIREMENT--A BONDSMay 1, 2014 85,000 90,000PRINCIPAL RETIREMENT--B BONDSMay 1, 2014 - -TOTAL EXPENDITURES 196,189 194,070EXCESS OF REVENUE OVER (UNDER) EXPENDITURES $ 10,100 $ 12,219

STATEMENT 3CORY LAKES CDDSERIES 1996A (CUSIP: 221034AC5)DEBT SERVICE REQUIREMENTAnnual OutstandingPeriod Ending Principal /(a) Coupon Interest /(a) Debt Service Debt Srvc Principal11/01/12 21,147 21,147 125,644 505,00005/01/13 85,000 8.375% 21,147 106,147 420,00011/01/13 17,588 17,588 123,734 420,00005/01/14 90,000 8.375% 17,588 107,588 330,00011/01/14 13,819 13,819 121,406 330,00005/01/15 100,000 8.375% 13,819 113,819 230,00011/01/15 9,631 9,631 123,450 230,00005/01/16 110,000 8.375% 9,631 119,631 120,00011/01/16 5,025 5,025 124,656 120,00005/01/17 120,000 8.375% 5,025 125,025 -11/01/17 - - 125,025 -Total $ 505,000$ 134,419 $ 639,419 $ 743,916Max. Annual Debt Srvc. $ 125,643.75Footnote:(a) Data herein for budgetary process purposes only.

STATEMENT 4CORY LAKES CDDSERIES 1996B (CUSIP: 221034AH4)DEBT SERVICE REQUIREMENTPeriod Ending Principal /(a) Coupon Interest /(a) Debt ServiceAnnual Debt OutstandingSrvc Principal11/01/12 $30,150 $30,150 $60,300 $720,00005/01/13 $0 8.375% $30,150 $30,150 $720,00011/01/13 $30,150 $30,150 $60,300 $720,00005/01/14 $0 8.375% $30,150 $30,150 $720,00011/01/14 $30,150 $30,150 $60,300 $720,00005/01/15 $0 8.375% $30,150 $30,150 $720,00011/01/15 $30,150 $30,150 $60,300 $720,00005/01/16 $0 8.375% $30,150 $30,150 $720,00011/01/16 $30,150 $30,150 $60,300 $720,00005/01/17 $720,000 8.375% $30,150 $750,150 $720,00011/01/17 $0 $0 $750,150 $0Totals $720,000 $301,500 $1,021,500 $1,051,650Footnote:(a) Data herein for budgetary process purposes only.

STATEMENT 5CORY LAKES CDDREVISED BUDGET FISCAL YEAR 20142001A DEBT SERVICE FUNDREVISED 08-14-2013REVENUEFY 2013 FY 2014ADOPTED REVISEDBUDGET BUDGETSPECIAL ASSESSMENTS - SERIES A - ON-ROLL (GROSS) $ 499,503 $ 499,503SPECIAL ASSESSMENTS - ON-ROLL - ADJMTINTEREST--INVESTMENT - -LESS: DISCOUNT ASSESSMENTS (19,980) (19,980)TOTAL REVENUE 479,523 479,523EXPENDITURESCOUNTY - ASSESSMENT COLLECTION FEES 19,980 19,980INTEREST EXPENSE - SERIES A BONDSNovember 1, 2013 142,200 140,940May 1, 2014 142,200 140,940PRINCIPAL RETIREMENT - SERIES A BONDSMay 1, 2014 45,000 35,000TOTAL EXPENDITURES 349,380 336,860EXCESS OF REVENUE OVER (UNDER) EXPENDITURES $ 130,143 $ 142,663a) Series 2001A relates to the Cory Lakes Land, LLC (formally referred to as the AvatarProperty).

STATEMENT 6CORY LAKES CDDSERIES 2001A (2023 TERM) SPECIAL ASSESSMENT BONDSDEBT SERVICE REQUIREMENTDateRegularPrincipalCouponInterestExpenseAnnualDebt ServiceOutstandingPrincipal3,950,00011/1/2012 7.2% 142,200 142,200 3,950,0005/1/2013 35,000 7.2% 142,200 3,915,00011/1/2013 7.2% 140,940 318,140 3,915,0005/1/2014 35,000 7.2% 140,940 3,880,00011/1/2014 7.2% 139,680 315,620 3,880,0005/1/2015 320,000 7.2% 139,680 3,560,00011/1/2015 7.2% 128,160 587,840 3,560,0005/1/2016 345,000 7.2% 128,160 3,215,00011/1/2016 7.2% 115,740 588,900 3,215,0005/1/2017 370,000 7.2% 115,740 2,845,00011/1/2017 7.2% 102,420 588,160 2,845,0005/1/2018 400,000 7.2% 102,420 2,445,00011/1/2018 7.2% 88,020 590,440 2,445,0005/1/2019 425,000 7.2% 88,020 2,020,00011/1/2019 7.2% 72,720 585,740 2,020,0005/1/2020 460,000 7.2% 72,720 1,560,00011/1/2020 7.2% 56,160 588,880 1,560,0005/1/2021 490,000 7.2% 56,160 1,070,00011/1/2021 7.2% 38,520 584,680 1,070,0005/1/2022 520,000 7.2% 38,520 550,00011/1/2022 7.2% 19,800 578,320 550,0005/1/2023 550,000 7.2% 19,800 -11/1/2023 7.2% 569,800Totals $ 3,950,000$ 2,088,720 $ 6,038,720Footnote:(a) Data herein for budgetary process purposes only.Max. Annual Debt Srvc. $ 590,440.00

STATEMENT 7CORY LAKES CDDREVISED BUDGET FISCAL YEAR 2014SPECIAL ASSESSMENT REVENUE BONDS SERIES 2013REVISED 08-14-2013FY 2013 FY 2014ADOPTED REVISEDBUDGET BUDGETREVENUESPECIAL ASSESSMENTS - SERIES A $ - $ 41,159SPECIAL ASSESSMENTS - ON-ROLL - ADJMT - -CAPITALIZED INTEREST - 47,791LESS: DISCOUNT ASSESSMENTS - -TOTAL REVENUE - 88,950EXPENDITURESARBITRAGE REPORTING - -DISSEMINATION AGENT - -TRUSTEE FEES - -COUNTY - ASSESSMENT COLLECTION FEES - -INTEREST EXPENSE - SERIES A BONDSNovember 1, 2013 - 47,791May 1, 2014 - 41,159PRINCIPAL RETIREMENT - SERIES A BONDSNovember 1, 2014 - -TOTAL EXPENDITURES - 88,950EXCESS OF REVENUE OVER (UNDER) EXPENDITURES $ - $ (0)Table 1 - Allocation of Costs and AssessmentsPlannedProduct TypeEDU Units Total EDU % EDU MADS /(a) MADS/UnitSingle Family 1.0 115 115 100% $104,880 $912Table 2 - Assigned EDU and District DebtPlannedDistrictProduct TypeEDU Units Total EDU % EDU District Debt Debt/UnitSingle Family 1.0 115 115 100% $ 1,425,000 $ 12,391.30Footnotes:(a) Maximum Annual Debt Service ("MADS").

STATEMENT 8CORY LAKES CDDSERIES 2013 (2023 TERM) SPECIAL ASSESSMENT BONDSDEBT SERVICE REQUIREMENTDate Principal Coupon Interest Debt ServiceAnnual DebtService Bond Balance Total Bond Value11/1/2013 47,790.61 47,790.61 47,790.61 1,425,000 1,425,0005/1/2014 41,159.38 41,159.38 1,425,000 1,425,00011/1/2014 20,000 5.000% 41,159.38 61,159.38 102,318.76 1,405,000 1,405,0005/1/2015 40,659.38 40,659.38 1,405,000 1,405,00011/1/2015 20,000 5.000% 40,659.38 60,659.38 101,318.76 1,385,000 1,385,0005/1/2016 40,159.38 40,159.38 1,385,000 1,385,00011/1/2016 20,000 5.000% 40,159.38 60,159.38 100,318.76 1,365,000 1,365,0005/1/2017 39,659.38 39,659.38 1,365,000 1,365,00011/1/2017 25,000 5.000% 39,659.38 64,659.38 104,318.76 1,340,000 1,340,0005/1/2018 39,034.38 39,034.38 1,340,000 1,340,00011/1/2018 25,000 5.000% 39,034.38 64,034.38 103,068.76 1,315,000 1,315,0005/1/2019 38,409.38 38,409.38 1,315,000 1,315,00011/1/2019 25,000 5.000% 38,409.38 63,409.38 101,818.76 1,290,000 1,290,0005/1/2020 37,784.38 37,784.38 1,290,000 1,290,00011/1/2020 25,000 5.000% 37,784.38 62,784.38 100,568.76 1,265,000 1,265,0005/1/2021 37,159.38 37,159.38 1,265,000 1,265,00011/1/2021 30,000 5.000% 37,159.38 67,159.38 104,318.76 1,235,000 1,235,0005/1/2022 36,409.38 36,409.38 1,235,000 1,235,00011/1/2022 30,000 5.000% 36,409.38 66,409.38 102,818.76 1,205,000 1,205,0005/1/2023 35,659.38 35,659.38 1,205,000 1,205,00011/1/2023 30,000 5.000% 35,659.38 65,659.38 101,318.76 1,175,000 1,175,0005/1/2024 34,909.38 34,909.38 1,175,000 1,175,00011/1/2024 35,000 5.625% 34,909.38 69,909.38 104,818.76 1,140,000 1,140,0005/1/2025 33,925.00 33,925.00 1,140,000 1,140,00011/1/2025 35,000 5.625% 33,925.00 68,925.00 102,850.00 1,105,000 1,105,0005/1/2026 32,940.63 32,940.63 1,105,000 1,105,00011/1/2026 35,000 5.625% 32,940.63 67,940.63 100,881.26 1,070,000 1,070,0005/1/2027 31,956.25 31,956.25 1,070,000 1,070,00011/1/2027 40,000 5.625% 31,956.25 71,956.25 103,912.50 1,030,000 1,030,0005/1/2028 30,831.25 30,831.25 1,030,000 1,030,00011/1/2028 40,000 5.625% 30,831.25 70,831.25 101,662.50 990,000 990,0005/1/2029 29,706.25 29,706.25 990,000 990,00011/1/2029 45,000 5.625% 29,706.25 74,706.25 104,412.50 945,000 945,0005/1/2030 28,440.63 28,440.63 945,000 945,00011/1/2030 45,000 5.625% 28,440.63 73,440.63 101,881.26 900,000 900,0005/1/2031 27,175.00 27,175.00 900,000 900,00011/1/2031 50,000 5.625% 27,175.00 77,175.00 104,350.00 850,000 850,0005/1/2032 25,768.75 25,768.75 850,000 850,00011/1/2032 50,000 5.625% 25,768.75 75,768.75 101,537.50 800,000 800,0005/1/2033 24,362.50 24,362.50 800,000 800,00011/1/2033 55,000 5.625% 24,362.50 79,362.50 103,725.00 745,000 745,0005/1/2034 22,815.63 22,815.63 745,000 745,00011/1/2034 55,000 6.125% 22,815.63 77,815.63 100,631.26 690,000 690,0005/1/2035 21,131.25 21,131.25 690,000 690,00011/1/2035 60,000 6.125% 21,131.25 81,131.25 102,262.50 630,000 630,0005/1/2036 19,293.75 19,293.75 630,000 630,00011/1/2036 65,000 6.125% 19,293.75 84,293.75 103,587.50 565,000 565,0005/1/2037 17,303.13 17,303.13 565,000 565,00011/1/2037 70,000 6.125% 17,303.13 87,303.13 104,606.26 495,000 495,0005/1/2038 15,159.38 15,159.38 495,000 495,00011/1/2038 70,000 6.125% 15,159.38 85,159.38 100,318.76 425,000 425,0005/1/2039 13,015.63 13,015.63 425,000 425,00011/1/2039 75,000 6.125% 13,015.63 88,015.63 101,031.26 350,000 350,0005/1/2040 10,718.75 10,718.75 350,000 350,00011/1/2040 80,000 6.125% 10,718.75 90,718.75 101,437.50 270,000 270,0005/1/2041 8,268.75 8,268.75 270,000 270,00011/1/2041 85,000 6.125% 8,268.75 93,268.75 101,537.50 185,000 185,0005/1/2042 5,665.63 5,665.63 185,000 185,00011/1/2042 90,000 6.125% 5,665.63 95,665.63 101,331.26 95,000 95,0005/1/2043 2,909.38 2,909.38 95,000 95,00011/1/2043 95,000 6.125% 2,909.38 97,909.38 100,818.76$ 1,425,000$ 1,692,572 $ 3,117,572 $ 3,117,572MADS: 104,818.76

Pmt.No.ValuesLoan SummaryPromissory Note Amount $ 150,000Scheduled Payments $ 21,733.30Annual Interest Rate 7.38% Scheduled Number of Payments 10Promissory Note Period in Years 10 Actual Number of Payments 10Number of Payments per Year 1 Total Early Payments $ -Start Date of Promissory Note 7/21/2010 Total Interest $ 67,333.03Payment DateOptional Extra Payments $ -Total Principal and Interest $ 217,333.03BeginningBalanceSTATEMENT 9CORY LAKES CDD$150,000 Promissory Note - Amortization ScheduleScheduledPaymentExtraPaymentTotalPayment Principal Interest Ending BalanceCumulativeInterest1 7/21/2011 $ 150,000 $ 21,733 $ - $ 21,733 $ 10,663 $ 11,070 $ 139,337 $ 11,0702 7/21/2012 $ 139,337 $ 21,733 $ - $ 21,733 $ 11,450 $ 10,283 $ 127,886 $ 21,3533 7/21/2013 $ 127,886 $ 21,733 $ - $ 21,733 $ 12,295 $ 9,438 $ 115,591 $ 30,7914 7/21/2014 $ 115,591 $ 21,733 $ - $ 21,733 $ 13,203 $ 8,531 $ 102,389 $ 39,3225 7/21/2015 $ 102,389 $ 21,733 $ - $ 21,733 $ 14,177 $ 7,556 $ 88,211 $ 46,8786 7/21/2016 $ 88,211 $ 21,733 $ - $ 21,733 $ 15,223 $ 6,510 $ 72,988 $ 53,3887 7/21/2017 $ 72,988 $ 21,733 $ - $ 21,733 $ 16,347 $ 5,387 $ 56,641 $ 58,7758 7/21/2018 $ 56,641 $ 21,733 $ - $ 21,733 $ 17,553 $ 4,180 $ 39,088 $ 62,9559 7/21/2019 $ 39,088 $ 21,733 $ - $ 21,733 $ 18,849 $ 2,885 $ 20,240 $ 65,83910 7/21/2020 $ 20,240 $ 21,733 $ - $ 20,240 $ 18,746 $ 1,494 $ - $ 67,333Footnote:(a) Data herein for budgetary process purposes only.

EXHIBIT 4.

RESOLUTION 2013-12THE ANNUAL APPROPRIATION RESOLUTION OF THE CORYLAKES COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”)RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTINGTHE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,2013, AND ENDING SEPTEMBER 30, 2014WHEREAS, the District Manager has, prior to the fifteenth (15 th ) day in June, 2013,submitted to the Board of Supervisors (the “Board”) a proposed budget for the next ensuingbudget year along with an explanatory and complete financial plan for each fund of the District,pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; andWHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget(the “Proposed Budget”), the District filed a copy of the Proposed Budget with the localgoverning authorities having jurisdiction over the area included in the District pursuant to theprovisions of Section 190.008(2)(b), Florida Statutes; andWHEREAS, in accordance with Section 189.418, Florida Statutes, the District'sSecretary was further directed to post this proposed budget on the District's website at least twodays before the budget hearing date. If the District does not have its own website, the District'sSecretary was directed to transmit this approved budget to the above listed governmentalagency(s) for posting on the local governing authority's website; andWHEREAS, the Board set August 21, 2013, as the date for a public hearing thereon andcaused notice of such public hearing to be given by publication pursuant to Section190.008(2)(a), Florida Statutes; andWHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1 st ofeach year, the District Board by passage of the Annual Appropriation Resolution shall adopt abudget for the ensuing fiscal year and appropriate such sums of money as the Board deemsnecessary to defray all expenditures of the District during the ensuing fiscal year; andWHEREAS, the District Manager has prepared a Proposed Budget, whereby the budgetshall project the cash receipts and disbursements anticipated during a given time period,including reserves for contingencies for emergency or other unanticipated expenditures duringthe fiscal year.NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OFSUPERVISORS OF THE CORY LAKES COMMUNITY DEVELOPMENTDISTRICT:Section 1.Budgeta. That the Board of Supervisors has reviewed the District Manager’s Proposed Budget,a copy of which is on file with the office of the District Manager and at the District’s1

Annual Appropriations and Budget Adoption ResolutionFY 2013-2014Records Office, and hereby approves certain amendments thereto, as shown inSection 2 below.b. That the District Manager’s Proposed Budget, attached hereto as Exhibit “A,” asamended by the Board, is hereby adopted in accordance with the provisions ofSection 190.008(2)(a), Florida Statutes, and incorporated herein by reference;provided, however, that the comparative figures contained in the adopted budget maybe subsequently revised as deemed necessary by the District Manager to reflect actualrevenues and expenditures for Fiscal Year 2013 and/or revised projections for FiscalYear 2014.c. That the adopted budget, as amended, shall be maintained in the office of the DistrictManager and at the District’s Records Office and identified as “The Budget for theCory Lakes Community Development District for the Fiscal Year Ending September30, 2014,” as adopted by the Board of Supervisors on August 21, 2013.d. That the District’s Secretary, in accordance with Section 189.418, Florida Statutes, isfurther directed to post this adopted budget on the District's website within thirty (30)day after its adoption. If the District does not have its own website, the District'sSecretary is directed to transmit this adopted budget to the manager or administratorof the local general-purpose government or the local governmental agency(s) forposting on the local governing authority's website.Section 2.AppropriationsThere is hereby appropriated out of the revenues of the Cory Lakes CommunityDevelopment District, for the fiscal year beginning October 1, 2013, and ending September 30,2014, the sum of $________________ to be raised by the levy of assessments and otherwise,which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures ofthe District during said budget year, to be divided and appropriated in the following fashion:TOTAL GENERAL FUNDDEBT SERVICE FUND(S)TOTAL ALL FUNDS$__________________$__________________$__________________Section 3.Supplemental AppropriationsThe Board may authorize by resolution, supplemental appropriations or revenue changesfor any lawful purpose from funds on hand or estimated to be received within the fiscal year asfollows:a. Board may authorize a transfer of the unexpended balance or portion thereof ofany appropriation item.2

Annual Appropriations and Budget Adoption ResolutionFY 2013-2014b. Board may authorize an appropriation from the unappropriated balance of anyfund.c. Board may increase any revenue or income budget amount to reflect receipt ofany additional unbudgeted monies and make the corresponding change toappropriations or the unappropriated balance.The District Manager and Treasurer shall have the power within a given fund to authorizethe transfer of any unexpected balance of any appropriation item or any portion thereof, providedsuch transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing morethan 10% of the total appropriation of a given program or project to be transferred; previouslyapproved transfers included. Such transfer shall not have the effect of causing a more than$10,000 or 10% increase, previously approved transfers included, to the original budgetappropriation for the receiving program. Transfers within a program or project may be approvedby the Board of Supervisors. The District Manager or Treasurer must establish administrativeprocedures which require information on the request forms proving that such transfer requestscomply with this section.Introduced, considered favorably, and adopted this 21st day of August, 2013.ATTEST:BOARD OF SUPERVISORS OF THECORY LAKES COMMUNITYDEVELOPMENT DISTRICTSignatureSignaturePrinted NameTitle:□ Secretary□ Assistant SecretaryPrinted NameTitle:□ Chairman□ Vice ChairmanExhibit A:FY 2013-2014 Budget3

EXHIBIT 5.

RESOLUTION 2013-13A RESOLUTION OF THE BOARD OF SUPERVISORS OFTHE CORY LAKES COMMUNITY DEVELOPMENTDISTRICT MAKING A DETERMINATION OF BENEFIT;IMPOSING SPECIAL ASSESSMENTS; PROVIDING FORTHE COLLECTION AND ENFORCEMENT OF SPECIALASSESSMENTS, INCLUDING BUT NOT LIMITED TOPENALTIES AND INTEREST THEREON; CERTIFYINGAN ASSESSMENT ROLL; PROVIDING FORAMENDMENTS TO THE ASSESSMENT ROLL;PROVIDING A SEVERABILITY CLAUSE; ANDPROVIDING AN EFFECTIVE DATE.WHEREAS, the Cory Lakes Community Development District (the “District”) is a localunit of special-purpose government established pursuant to Chapter 190, Florida Statutes for thepurpose of providing, operating and maintaining infrastructure improvements, facilities andservices to the lands within the District; andWHEREAS, the District is located in Hillsborough County, Florida (the “County”); andWHEREAS, the District has constructed or acquired various infrastructureimprovements and provides certain services in accordance with the District’s adopted capitalimprovement plan and Chapter 190, Florida Statutes; andWHEREAS, the Board of Supervisors (“Board”) of the District hereby determines toundertake various operations and maintenance activities described in the District’s budgets forFiscal Year 2013-2014 (“Budget”), attached hereto as Exhibit “A” and incorporated by referenceherein; andWHEREAS, the District must obtain sufficient funds to provide for the operation andmaintenance of the services and facilities provided by the District as described in the District’sBudget; andWHEREAS, the provision of such services, facilities, and operations is a benefit to landswithin the District; andWHEREAS, Chapter 190, Florida Statutes, provides that the District may impose specialassessments on benefitted lands within the District; andWHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to whichsuch special assessments may be placed on the tax roll and collected by the local tax collector(“Uniform Method”); andWHEREAS, the District has previously evidenced its intention to utilize this UniformMethod; and

Assessment Levy ResolutionFY 2013-2014WHEREAS, the District has approved an Agreement with the Property Appraiser andTax Collector of the County to provide for the collection of the special assessments under theUniform Method; andWHEREAS, the District has previously levied an assessment for debt service, which theDistrict desires to collect on the tax roll pursuant to the Uniform Method and which is alsoindicated on Exhibit “A”; andWHEREAS, it is in the best interests of the District to proceed with the imposition of thespecial assessments for operations and maintenance in the amount set forth in the Budget; andWHEREAS, it is in the best interests of the District to adopt the Assessment Roll of theCory Lakes Community Development District (the “Assessment Roll”) attached to thisResolution as Exhibit “B” and incorporated as a material part of this Resolution by thisreference, and to certify the Assessment Roll to the County Tax Collector pursuant to theUniform Method; and to directly collect the portion of the Assessment Roll relating to unplattedproperty; andWHEREAS, it is in the best interests of the District to permit the District Manager toamend the Assessment Roll, certified to the County Tax Collector by this Resolution, as theProperty Appraiser updates the property roll for the County, for such time as authorized byFlorida law.NOW, THEREFORE, BE IT RESOLVED BY THE BOARDOF SUPERVISORS OF THE CORY LAKES COMMUNITYDEVELOPMENT DISTRICT:SECTION 1. BENEFIT. The provision of the services, facilities, and operations asdescribed in Exhibit “A” confers a special and peculiar benefit to the lands within the District,which benefit exceeds or equals the costs of the assessments. The allocation of the costs to thespecially benefitted lands is shown in Exhibits “A” and “B” and is hereby found to be fair andreasonable.SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190 of the FloridaStatutes, and using the procedures authorized by Florida law for the levy and collection ofspecial assessments, a special assessment for operation and maintenance is hereby imposed andlevied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” Thelien of the special assessments for operations and maintenance imposed and levied by thisResolution shall be effective upon passage of this Resolution.SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTERESTA. Uniform Method Assessments. The collection of the previously levied debt serviceassessments and operation and maintenance special assessments on platted lots and2

Assessment Levy ResolutionFY 2013-2014developed lands shall be at the same time and in the same manner as County taxes inaccordance with the Uniform Method, as set forth in Exhibits “A” and “B.”B. Direct Bill Assessments. The annual installment for the previously levied debtservice assessments, and the annual operations and maintenance assessments, onundeveloped and unplatted lands will be collected directly by the District inaccordance with Florida law, as set forth in Exhibits “A” and “B.” Assessmentsdirectly collected by the District are due in full on November 1, 2013; provided,however, that, to the extent permitted by law, the assessments due may be paid inseveral partial, deferred payments and according to the following schedule:50% due no later than November 1, 2013,25% due no later than February 1, 2014 and25% due no later than May 1, 2014.In the event that an assessment payment is not made in accordance with the schedulestated above, the whole assessment – including any remaining partial, deferredpayments for Fiscal Year 2013-2014, as well as any future installments of specialassessments securing debt service – shall immediately become due and payable; shallaccrue interest, penalties in the amount of one percent (1%) per month, and all costsof collection and enforcement; and shall either be enforced pursuant to a foreclosureaction, or, at the District’s sole discretion, collected pursuant to the Uniform Methodon a future tax bill, which amount may include penalties, interest, and costs ofcollection and enforcement. Any prejudgment interest on delinquent assessmentsshall accrue at the applicable rate of any bonds or other debt instruments secured bythe special assessments, or, in the case of operations and maintenance assessments, atthe applicable statutory prejudgment interest rate. In the event an assessment subjectto direct collection by the District shall be delinquent, the District Manager andDistrict Counsel, without further authorization by the Board, may initiate foreclosureproceedings pursuant to Chapter 170, Florida Statutes, or other applicable law tocollect and enforce the whole assessment, as set forth herein.C. Future Collection Methods. The decision to collect special assessments by anyparticular method – e.g., on the tax roll or by direct bill – does not mean that suchmethod will be used to collect special assessments in future years, and the Districtreserves the right in its sole discretion to select collection methods in any given year,regardless of past practices.SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to thisResolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collectedby the County Tax Collector in the same manner and time as County taxes. The proceedstherefrom shall be paid to the Cory Lakes Community Development District.SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keepapprised of all updates made to the County property roll by the Property Appraiser after the dateof this Resolution, and shall amend the District’s Assessment Roll in accordance with any suchupdates, for such time as authorized by Florida law, to the County property roll. After anyamendment of the Assessment Roll, the District Manager shall file the updates in the District3

Assessment Levy ResolutionFY 2013-2014records.SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or moreprovisions of this Resolution shall not affect the validity or enforceability of the remainingportions of this Resolution, or any part thereof.SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage andadoption of this Resolution by the Board of Supervisors of the Cory Lakes CommunityDevelopment District.PASSED AND ADOPTED this 21st day of August, 2013.ATTEST:BOARD OF SUPERVISORS OF THECORY LAKES COMMUNITYDEVELOPMENT DISTRICTSignatureSignaturePrinted NameTitle:□ Secretary□ Assistant SecretaryPrinted NameTitle:□ Chairman□ Vice ChairmanExhibit A:Exhibit B:FY 2013-2014 BudgetFY 2013-2014 Assessment Roll (Uniform Method)FY 2013-2014 Assessment Roll (Direct Collect)4

EXHIBIT 6.

CORY LAKES PROJECTSAmenities PlanSP Committee project. Ongoing.Bank Loan Review bank loan to pay replace resident bond debt in November 2013.Budget 2014Board and committees are reviewing.Developer parcelsMorris Bridge lots and maintenance lot.Development orderTraffic signal component is an outstanding issue.Facilities StaffingLeasing Firms contacted in anticipation of 10.1 transferLake MaintenancePreserve water quality and lake banks. Compliance with regulatory matters.LandscapeFacilities Manager and LAF Committee conduct ongoing review and refinement.Meadows parcelReview is in process, awaiting appraisal.Pearce litigationIn process.Pool ConstructionPool project in process.Various staff projectsSee meeting booklet materials.

CORY LAKES CDDFINANCIAL REPORT SUMMARY - GENERAL FUND-PRELIMINARY DRAFTFOR THE PERIOD ENDING JULY 31, 2013FISCAL YEAR: OCTOBER 1, 2012 TO SEPTEMBER 30, 2013CURRENT YEAR PRIOR YEAR7/31/2013 7/31/2012MISC. REVENUE SUMMARYCASH BALANCE $ 1,688,953 $ 1,788,309BAR CODES $ 1,860RENTAL FEES 1,800LESS: ACCOUNTS PAYABLE 47,792 66,904 OTHER 3,143TOTAL $ 6,803NET CASH BALANCE $ 1,641,161 $ 1,721,405UNRESERVED GF BALANCE (UN-ASSIGNED) $ 835,367 $ 856,408SEE MISCELLANEOUSREVENUE BREAKDOWNRESERVE GF BALANCE (ASSIGNED) 769,385 818,198 SCHEDULE FOR MOREINFORMATION (PAGE 4).TOTAL GENERAL FUND BALANCE $ 1,604,752 $ 1,674,607REVENUE AND EXPENDITURES (FY 2013 YTD):FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE (YTD) $ 2,023,110 $ 1,724,549 $ 298,561EXPENDITURES (YTD) (1,493,268) (1,461,919) (31,349)NET OPERATING CHANGE $ 529,842 $ 262,630 $ 267,212AVERAGE MONTHLY EXPENDITURES $ (149,327) $ (146,192) $ (3,135)SIGNIFICANT FINANCIAL ACTIVITY:FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE:ASSESSMENTS-ON-ROLL (NET) $ 1,723,487 $ 1,697,049 $ 26,437EXPENDITURES:LEGAL-GENERAL-STRALEY & ROBIN 13,675 12,500 (1,175)SPECIAL LITIGATION 47,014 15,000 (32,014)UTILITIES 155,031 169,711 14,680SECURITY 257,493 286,667 29,174FIELD OFFICE ADMINISTRATION 153,461 191,360 37,898LANDSCAPE MAINTENANCE 277,583 347,006 69,423FACILITIES MAINTENANCE 141,450 130,083 (11,366)CAPITAL IMPROVEMENTS 286,466 147,628 (a) (138,838)SEE RESPECTIVE FINANCIAL STATEMENTS FOR MORE DETAILa) IN CERTAIN CIRCUMSTANCES, CAPITAL IMPROVEMENTS REFLECTS THE "ANNUAL" BUDGET (AS OPPOSED TO A PRO-RATED YEAR-TO-DATE BUDGET) GIVEN THE RANDOM TIMING OF ACTUAL EXPENDITURES.

CORY LAKES COMMUNITY DEVELOPMENT DISTRICTGENERAL FUND RESERVE ANALYSIS-PRELIMINARY DRAFTFOR THE PERIOD ENDING JULY 31, 2013On December 15, 2010, the Board passed a motion to transfer funds in excess of $500,000 in unreserve/unassigned fundbalance to the reserve fund balance. On an annual basis, the District is to evaluate the unassigned fund balance onNovember 30th. The Board's intention is to reserve the balance of funds in excess of $500,000 for the purpose to fund thefirst quarter operating pending the receipt of assessments based on the annual estimated lowest fund balance on November30 of each year.Included in the reserve fund balance is the following:DateDescription Calculation Received/Trsf Amount1) Series 1997 Excess Reserves - Board Directed October 2009 $ 77,970.002) Series 1997 Excess Reserves - Board Directed October 2010 68,000.003) Series 1997 Excess Reserves - Board Directed October 2011 2,500.004) Series 1997 Excess Reserves - Board Directed April 2012 72,000.005) FY 2011 Budget Amendment - Board Directed FY 2011 100,000.006) Excess Unreserve/Unassigned Fund Balance Transfer (642,491-500,000) November 30, 2010 142,491.007) Excess Unreserve/Unassigned Fund Balance Transfer (806,424-500,000) November 30, 2011 306,424.008) Excess Unreserve/Unassigned Fund Balance Transfer (471,528-500,000) November 30, 2012 * -General Fund Reserve Balance $ 769,385.00*The unreserved/unassigned fund balance was less than the $500,000 threshold, therefore, no amount was transferredto reserve/assigned fund balance.

EXHIBIT 7.

Frank James LLCCory Lakes Community Development DistrictAugust 2013 Facilities Management Activity ReportHighlightsAugust 21, 2013• Canopy at Morris Bridge Security Gate House• Hydraulic Hinges on Pedestrian Walkway Gates• Paint Gates at Pedestrian Walkways• Install Water Drinking Fountain• Alligator Removal• Ceiling Light in Beach Club• Concrete Sidewalk Joint at Beach Club• Boat Dock Edging at Beach Club• Loose Roadway Bricks• Pressure Wash Beach Club• Pressure Wash Grand-Stand at Hockey Rink• Pressure Wash Hockey Rink Sideboards• Secure Coping on side boards at Hockey Rink• Resurface Tennis Court Project• Resurface Hockey Court Project• Backflow Prevention Report• Tree Removal on Morris Bridge Road• Tampa Police Department Extra Duty Service Schedule• HVAC Mechanical Engineer• Reserve Study Site Inspection• Support for Phase 7 and Pool Development(Completed)(Completed)(Completed)(Completed)(Completed)(Completed)(Completed)(Completed)(Ongoing)(Ongoing)(Completed)(Completed)(Completed)(Completed)(Completed)(Completed(Completed)(Completed)(Ongoing)(Ongoing)(Ongoing)Details1. On Saturday July 27, 2013, a truck damaged the canopy at the Morris BridgeSecurity Gatehouse. The owner of the vehicle made the repairs and theappearance of the gatehouse canopy has been brought back to the samesatisfactory condition.2. New hydraulic hinges have been installed on the pedestrian walkway gates atCross-Creek and Morris Bridge sidewalk entrances.1

3. The pedestrian walkway gates at Cross-Creek and Morris Bridge sidewalkentrances have been painted.4. A new water drinking fountain has been installed, to replace the one notworking, on the outside kitchen area of the Beach Club.5. One 8’ 9” alligator was captured and removed, on August 5, 2013, from theBermuda Isle area.6. A defective “canister” type ceiling light, at the Beach Club, which repeatedlycycled on and off, has been repaired.7. Concrete sidewalk joint at the deck steps behind the Beach Club, has beenrepaired.8. Loose boat dock edging, at Beach Club dock, has been secured with stainlesssteel screws and washers.9. Unstable roadway bricks, in a number of areas, have been secured and thejoints filled with concrete fines and sand.10. The tennis court and hockey rink resurfacing projects have beensatisfactorily completed.11. Olin Plumbing, Inc. has completed the inspection for the Backflow PreventionAssembly Test and submitted the Report to the City of Tampa WaterDepartment.12. Tree branches were removed from Morris Bridge Road conservation land toimprove the safety and visibility of vehicles exiting from the Cory LakesMorris Bridge Road exit.13. The City of Tampa Police Department has scheduled extra duty officers topatrol Cory Lakes during the month of August 2013.14. On August 8, 2013, Lyle Engineering, Inc. made a preliminary assessment ofthe HVAC System at the Beach Club. They will provide the CDD with aproposal to make upgrades to improve the Beach Club HVAC system.15. Started to follow-up on “approximately 70 areas that need repair” identifiedin the August 25, 2008 Reserve Study Site Inspection report.16. Coordinated with developer/builder on the placement of landscape bufferfor Capri Isle.Action Plan for September 2013• Proposal to upgrade HVAC system at Beach Club.• TPD September schedule• Repaint walls & install graphics for the exercise gym• Replace the ice machine inside the Beach Club area kitchen• Roof Tile Replacement at the Beach Club• SWFWMD Inspection Report: Permit # 49002012.016• SWFWMD Inspection Report: Permit # 49000651.003• Replace damaged traffic signage• Follow up on “Reserve Study Site Inspection” report.• Support for phase 7 & Pool Development2

EXHIBIT 8.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013During the month of July 2013, U.S. Security Associates officers responded to a total of 7 incidents inCory Lake Isles. Below is an overall summary of the incident totals, as well as a brief summary of theincidents reported.Incident TotalsIncident type:TotalTheft 1Property Damage 2Unusual Activity 3Medical 1Total: 7Law Enforcement FrequencyAgencyOn-site total:Tampa Police Department 49Hillsborough Co. Sheriff’s Department 2Fire Department 9Total: 60Off-Duty Assignments (TPD)AgencyOn-site total:Total Hours 0Total Stops 0Total Citations 0Speeding 0Warnings 0

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:TheftDate: 07/09/2013Time: 1031Location:Lanai Isle DriveSummary:Resident called the Morris Bridge gate to report that the ceramic lion that was on top ofher mailbox had been taken sometime during the day on 07/08/13 between the hours of0900-1800. I advised her to contact TPD to report the incident. She refused. Security patrolofficers were advised of the incident.kandaIncident Type:Medical EmergencyDate: 07/09/2013Time: 2236Location:Cayman Isle CourtSummary:At approximately 2236 hours, two fire rescue vehicles entered the Cross Creek gate. S/Oon duty notified the patrol officer on duty. Patrol officer located the fire rescue vehicles onCayman Isle Court.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Fallen TreeDate: 07/02/2013Time: 1645Location:Egress Lane Cory Lake Blvd.(Inside Morris Bridge Gate)Summary:Resident stopped at the Morris Bridge gate and advised that a tree had been knockeddown during the recent storm and was partially blocking the egress lane of Cory Lake Blvd.inside of the Morris Bridge gate. Frank James was notified and responded. Area was conedoff and made safe. Angel’s Tree Service responded and cleared the roadway for safe travel.Incident Type:Power FailureDate: 07/04/2013Time: 2024Location:Morris Bridge GateSummary:At approximately 2024 hours, power was lost at the Morris Bridge gate. Patrol officernotified Frank James, Joe Galor and TECO. Power outage procedures were followed inreference to the ingress and egress lanes. Patrol vehicle was positioned with headlightsshining on the ingress side of the gate house with overhead light activated to warnincoming traffic for safety purposes. TECO restored power at approximately 2320 hours.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Domestic DisputeDate: 07/14/2013Time: 2105Location:Barbados Isle DriveSummary:Four TPD units were dispatched to the above listed residence. Our patrol officer met withone of the responding police officers who advised they were dispatched by the resident torespond to a disruptive and unruly female guest. The female guest was escorted off of theproperty by the responding TPD units.Incident Type:Alarm ResponseDate: 07/22/2013Time: 2240Location:Cory Lake DriveSummary:Resident phoned the officer on duty at the Cross Creek gate and advised that her alarmcompany had informed her of an alarm activation at her residence. Our patrol officerresponded and set up observation of the residence until TPD responded. TPD officerarrived and performed a perimeter check and found no signs of forced entry or foul play.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Property DamageDate: 07/28/2013Time: 1145Location:Morris Bridge GateSummary:An employee operating a company owned landscape vehicle attempted to enter thecommunity through the inside visitor lane and struck the overhang causing damage to thefascia board. The security officer on duty was on the phone documenting an access requestand was unable to step out in time to stop the vehicle. The officer obtained the driver’slicense, registration and insurance card. Frank James and Joe Galor were notified. Photoswere taken and forwarded to the necessary personnel. Frank James collected theinformation obtained and had the damage repaired.Respectfully Submitted on August 3, 2013Cpt. Joe GalorU.S. Security Associates - Cory Lake Isles

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