FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive
 	Naples, FL 34102#	

August 8, 2017

Board of Supervisors
Fronterra Community Development District Dear Board Members:
The Regular Meeting and Budget Public Hearing of the Board of Supervisors of the Fronterra Community Development District will be held on August 8, 2017 at 1:30 p.m., at the Barron Collier Companies offices, 2600 Golden Gate Parkway, Naples, Florida 34105. The Regular Board Meeting agenda is as follows:

Call to Order/Roll Call

Public Comment Period

GENERAL DISTRICT ITEMS

None to be considered at this time

ADMINISTRATIVE MATTERS

Consideration of June 6, 2017 Regular Meeting Minutes	Exhibit 1

ORGANIZATIONAL MATTERS

None to be considered at this time

CONSTRUCTION RELATED MATTERS

Consideration of BC Naples Cost Share Agreement	Exhibit  2

Construction Contract Management Update

BUDGETARY MATTERS

Consideration of July, 2017 Financial Statements	Exhibit 3

Board of Supervisors
Fronterra Community Development District August 8, 2017, Meeting Agenda
Page 2

Open Public Hearing

Public Comment

Consideration of Resolution 2017-38.   Adoption and Appropriation
of FY 2017-2018 Budget	Exhibit  4

Close Public Hearing

Consideration of FY 2017-2018 Budget Developer Funding Agreement	Exhibit 5

Consideration of Establishment of Audit Committee

FINANCING MATTERS

None to be considered at this time

OTHER MATTERS

Staff Reports

District Manager

Website Update
Pepper Parcel Survey Agreement	Exhibit 6

District Counsel

District Engineer

Board Member Comments/Requests

Public Comments

Adjournment

EXHIBIT 1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive
 	Naples, FL 34102#	
4
5
6	MINUTES OF MEETING
7
Board of Supervisors Meeting
Thursday, June 6, 2017, 1:35 p.m.
2600 Golden Gate Parkway
Naples, FL 34105
12
13	Present and constituting a quorum were:
14
David Genson	Board Member
Brian Goguen	Board Member
John English	Board Member
Jaime Lopez	Board Member 19
20	Absent was:
21
22	Mike Levak	Board Member 23
24	Also present were:
25
Russ Weyer	District Manager, Real Estate Econometrics, Inc.
Lindsay Whelan	District Counsel, Hopping Green & Sams, P.A.
Dave Robson	District Engineer, Johnson Engineering, Inc. 29
30
31	FIRST ORDER OF BUSINESS	Call to Order and Roll Call
32
Mr. Weyer called the meeting to order and proceeded with the roll call. The members in
attendance  are  as outlined above.	Mr. Weyer noted that the meeting was advertised
appropriately.
36
37

1	SECOND ORDER OF BUSINESS	Public Comments
2
Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public
Comment.
5
6	There were no public comments 7
8	THIRD ORDER OF BUSINESS	General District Items
9
10	There were no general District items to be considered. 11
12
13	FOURTH ORDER OF BUSINESS	Administrative Matters
14
15	1.	Consideration of the April 26, 2017 Regular Meeting Minutes.
16

On MOTION by Mr. Goguen and seconded by Mr. Genson with all in favor, the Board of Supervisors of the Fronterra Community Development District approved the minutes of the April 26, 2017 Fronterra Community Development District Regular Meeting.

17	There was no Board Discussion. 18
19
20
21
22
23
24	FIFTH ORDER OF BUSINESS	Organizational Matters
25
26	There were no organizational matters to be considered. 27
28
SIXTH ORDER OF BUSINESS	Construction-Related
Matters
31
32	There were no construction-related matters to be considered. 33
34
35	SEVENTH ORDER OF BUSINESS	Budgetary Matters
36
37	2.	Consideration of the March 2017 Financial Statements.
38
Mr. Weyer presented the District financial statements through May 31, 2017. He said that
the District is in good shape financially and the District has about $16,000 in the general
fund financially and reiterated that the system is working well with Mr. Levak.	Mr.
Goguen asked about what the fiscal year dates are. Mr. Goguen also asked about
construction  funding  and  how that works.	Mr. Robson, Ms. Whaley and Mr. Weyer
explained how that works. 45

Mr. Goguen asked about what will be in the budget for next year and how will that affect
the ultimate homeowner. 3
Mr. Weyer also said that the bank statements have been reconciled to date and that the U.S.
Bank statements are included. 6
Mr. Genson noted that the plat should be recorded in July. Mr. Weyer and Ms. Whaley
pointed  out  that  this  upcoming  year  will  be a direct bill.	Mr. Goguen asked that the
District has the capability to recoup a portion of the assessment next year as the close. 10
Mr. Robson noted the costs in the engineering line item is actually a credit since the
District paid an invoice that was inadvertently sent to the District and not the Trustee for

On MOTION by Mr. Genson and seconded by Mr. Goguen, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted the District financial statements through May 31, 2017.

the work on the bond issuance. 14
15
16
17
18
3.	Consideration of Resolution 2017-36 – Preliminary Adoption of FY 2017-2018
Budget and Setting a Public Hearing
21
Mr. Weyer read the Resolution into the record. Mr. Weyer explained the various line
items in the budget and how they are changing. He noted that most of the costs are

On MOTION by Mr. Goguen subject to changing the date to August 8th at 1:30 p.m. and seconded by Mr. Lopez, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted Resolution 2017-37 – Preliminary Adoption of FY 2017-2018 Budget and Setting a Public Hearing.

located on the administrative side and minimal in the field operations side. 25
26
27
28
29
30
31
32	EIGHTH ORDER OF BUSINESS	Financing Matters
33
34	There were no financing matters to be considered. 35
36	NINTH ORDER OF BUSINESS	Staff Reports
37
38	6.	Staff Reports
39
40	A.	Manager’s Report –
41
Mr. Weyer said that the Supervisor of Elections letter indicating that no residents
currently reside within the District boundaries is included in the agenda package. 44
Mr. Weyer pointed out that the Form 1 financial statements need to be turned in
by July 1.

1
The County/District Interlocal Agreement has been signed by the District and the
Property Appraiser and is awaiting the signature of the Tax Collector. 4
Finally the Financial Disclosure document has been recorded with the County
Clerk of Courts.
7
8	Mr. Weyer had nothing further to report. 9
10	B.	Attorney’s Report –
11
Mr. Genson asked about the transfer of the offsite parcel in that will it need a
boundary survey. Ms. Whelan said the District will need a boundary survey. 14
Mr. Genson asked that Mr. Robson work with Mr. David Hurst in coordinating
the separation of payments between the District, private residential and the
commercial entities. 18
Mr. Goguen asked what the construction timetable is and to make sure that Mr.
Weyer, Mr. Robson and Ms. Whelan know that schedule. 21
22	Ms. Whelan had nothing further to report. 23
24	C.	Interim Engineer’s Report –
25
Mr. Dobson worked with Mr. Hurst on how he identifies District costs in the
various construction contracts. 28
29
30	NINTH ORDER OF BUSINESS	Supervisors’ Requests
31
32		There were no supervisors’ requests. 33	.
34
35	TENTH ORDER OF BUSINES	Public Comments
36
37	There were no public comments. 38
39
40

1	ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Genson and seconded by Mr. English with all in favor, the meeting of the Board of Supervisors of the Fronterra Community Development District was adjourned.

2
3
4
5
6
7
8
9	 		 		
10	Secretary/Assistant Secretary	Chairperson/Vice-Chairperson	
11			
12			
13			
14	 		 		
15	Print Name	Print Name	
16			

EXHIBIT 2

COST SHARE AGREEMENT BETWEEN FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
AND BC NAPLES INVESTMENTS, LLP

THIS AGREEMENT (the “Agreement”) is made and entered into this day of
 	, 2017, by and between:

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Collier County, Florida (the “District”); and

BC NAPLES INVESTMENTS, LLP, a Florida limited liability partnership and the owner of certain lands adjacent to the District with a mailing address of 2600 Golden Gate Parkway, Naples, Florida 34105 (“BC Naples”).

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of Collier County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure improvements within and without its boundaries; and

WHEREAS, BC Naples is the developer of certain commercial property located adjacent to the boundaries of the District (hereinafter the “Commercial Parcel”) as geographically depicted on the attached Exhibit A, which property benefits from the District’s construction, operation and maintenance of certain roadway, stormwater management, and landscaping, hardscaping and entry improvements (collectively, the “District Improvements”); and

WHEREAS, the District has entered into certain contracts for the construction of the District Improvements, which agreements are as listed in the attached Exhibit B (hereinafter, the “Construction Contracts”); and

WHEREAS, a portion of the services identified in the Construction Contracts relate to the construction of private infrastructure located on the Commercial Parcel (hereinafter, the “Commercial Tasks”); and

WHEREAS, due to efficiencies and other benefits, the District’s Board of Supervisors (the “Board”) has determined that it is in the best interests of the District, BC Naples, and the development, for the District to oversee the entirety of the work contemplated in the Construction Contracts and to have BC Naples reimburse the District for the portion of the Construction Contracts relating to the Commercial Tasks; and

WHEREAS, as the Commercial Parcel benefits from the construction and operation and/or maintenance of the District Improvements, the District’s Board has additionally determined that it is in the best interests of the District, BC Naples, and the development, for BC

Naples to contribute a portion of the costs necessary for the construction and operation and/or maintenance of the District Improvements; and

WHEREAS, BC Naples and the District accordingly desire to enter into this Agreement to set forth the Parties’ rights, duties and obligations relative to same.

NOW, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

Incorporation of Recitals. The recitals stated above are true and correct and by this reference are incorporated herein as a material part of this Agreement.

Funding of Commercial Tasks. BC Naples agrees to make available to the District such monies as are necessary to enable the District to remit payment  for  the Commercial Tasks as set forth in Exhibit B. Such amounts shall be due within fifteen (15) days of the request by the District for the payment of same. The funds shall be placed in the District’s construction account with such depository as determined by the District. Should additional Commercial Tasks be required that are not within the current scope of the Construction Contracts, the District shall be required to obtain BC Naples’s written consent prior to the authorization of any such additional tasks. The costs associated from the additional Commercial Tasks, if any, shall be paid by BC Naples as set forth herein to the same extent as if such tasks were originally included within the scope of the Construction Contracts.

Funding of the District Improvements. The parties hereby acknowledge and agree that the Commercial Parcel benefits from the construction and operation and/or maintenance of the District Improvements by the District. In furtherance thereof, BC Naples shall be responsible for remitting a portion of the costs necessary for the construction and operation/maintenance of such improvements in an amount equal to five (5%) percent of the costs incurred by the District (the “Reimbursement Allocation”).

Construction of District Improvements. Upon the review and approval of each requisition by the District relative to the construction of the District Improvements, the District shall promptly thereafter submit an invoice to BC Naples seeking payment of the Reimbursement Allocation relative to the cost of the construction of such infrastructure. Such amounts shall be due within thirty (30) days of the request by the District for the payment of same. The funds shall be placed in the District’s construction account with such depository as determined by the District.

Operation and Maintenance of District Improvements. On an  annual basis, upon the District’s approval of its operating budget for the ensuing fiscal year, the District shall promptly submit an invoice to BC Naples seeking payment of the Reimbursement Allocation relative to the cost of operating and maintaining the District Improvements for such year. Such amounts shall be due within thirty (30) days of the request by the District for the payment of

same. The funds shall be placed in the District’s general operating account with such depository as determined by the District.

Default. A default by either party to this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief and/or specific performance, but shall exclude, in any event, consequential, incidental, special or punitive damages.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys’ fees, paralegal fees and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Agreement. This Agreement shall constitute the final and complete expression of the agreement between the parties relating to the specific subject matter of this Agreement.

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all of the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.

Notices. All notices, requests, consents and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to BC Naples:	BC Naples Investments, LLP
2600 Golden Gate Parkway Naples, Florida 34105
Attn:  	

If to District:	Fronterra Community Development District
707 Orchid Drive, Suite 100
Naples, Florida 34102 Attn: District Manager

With a copy to:	Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300 Post Office Box 6526
Tallahassee, Florida 32314 Attn: Jonathan T. Johnson

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the party he/she represents. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Third Party Beneficiaries. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing  in  this  Agreement expressed or implied is intended or shall be construed to confer upon  any  person  or  corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

Assignment. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.

Controlling  Law.   This Agreement and the provisions contained herein shall   be construed, interpreted and controlled according to the laws of the State of Florida.

Effective Date. The Agreement shall be effective after execution by all parties hereto and shall remain in effect unless terminated by any of the parties hereto.

Public Records. BC Naples understands and agrees that all documents of any kind provided to the District or to District staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law and the District’s Record Retention Schedule.

Counterparts. This Agreement may be executed in one or more counterparts which, when taken together, shall constitute one and the same instrument.

[Continued on Next Page]

IN WITNESS WHEREOF, the parties execute this Agreement to be effective the day and year first written above.

Attest:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

BC NAPLES INVESTMENTS, LLP, a Florida
limited liability partnership
By: Barron Collier Management, LLC Its Authorized Agent

Witness	Brian Goguen, Chief Operating Officer

Witness	Brad Boaz, Chief Financial Officer

Exhibit A:	Description of the Commercial Parcel
Exhibit B:	List of the Construction Contracts

Exhibit A

Geographic Description of Commercial Parcel

Exhibit B

List of Construction Contracts

Contractor	Services Provided	Agreement Date	Agreement Amount	
Earth Tech Enterprises	Earthwork and Paving-
Phase 1 and Commercial	2/1/2017	$475,684.95	
Jensen Underground Utilities	Drainage, Potable Water, Sanitary Sewer and Irrigation	2/1/2017	$1,624,800.40	

EXHIBIT 3

Fronterra Community Development District
Cash Flow
October 2016 through July 2017

Oct '16 - Jul 17
Income
Off Roll Assessments	73,134.00
Total Income	73,134.00

Gross Profit	73,134.00
Expense
Administrative
Bank Fees	227.24
Engineering Services	2,126.25
Insurance- General Liability	4,069.00
Legal Advertising	14,332.30
Legal Services	23,599.47
Management Consulting Services	22,099.47
Office Expense	13.58
Total Administrative	66,467.31

Total Expense	66,467.31
Net Income	6,666.69

Fronterra Community Development District
Balance Sheet
As of July 31, 2017

Jul 31, 17
ASSETS
Current Assets Checking/Savings
1Cash	12,975.95
Total Checking/Savings	12,975.95

Total Current Assets	12,975.95
TOTAL ASSETS	12,975.95 LIABILITIES & EQUITY
Liabilities
Current Liabilities Accounts Payable
Account Payable 201	6,309.26
Total Accounts Payable	6,309.26

Total Current Liabilities	6,309.26
Total Liabilities Equity	6,309.26	
Net Income	6,666.69	
Total Equity	6,666.69	
TOTAL LIABILITIES & EQUITY	12,975.95

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING July 31, 2017

YTD VARIANCE
APPROVED	ACTUAL	FAVORABLE
BUDGET	YEAR‐TO‐DATE	(UNFAVORABLE)
REVENUES
ON‐ROLL ASSESSMENTS		
OFF‐ROLL ASSESSMENTS		$	118,225		$	73,134		$	45,091	
INTEREST REVENUE
MISCELLANEIOUS REVENUE							
TOTAL REVENUES		$	118,225		$	73,134		$	45,091	

EXPENDITURES							
ADMINISTRATIVE							
BOARD OF SUPERVISORS PAYROLL							
PAYROLL TAXES							
PAYROLL SERVICE FEE							
MANAGEMENT CONSULTING SERVICES		24,000		22,000		$	2,000	
ASSESSMENT ADMINISTRATION		8,500		‐		$	8,500	
ASSESSMENT ROLL PREPARATION							
OFFICE EXPENSE		250		113		$	137	
BANK CHARGES		‐		227		$	(227)	
O&M Methodology Development		5,000		‐		$	5,000	
AUDITING		5,000		‐		$	5,000	
INSURANCE (Liability, Property & Casuality)		5,000		4,069		$	931	
LEGAL ADVERTISING		3,000		14,332		$	(11,332)	
REGULATORY AND PERMIT FEES		175		‐		$	175	
LEGAL SERVICES		25,000		23,599		$	1,401	
ENGINEERING SERVICES ‐ General		5,000		2,126		$	2,874	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES		2,500		‐		$	2,500	
TOTAL ADMINISTRATIVE EXPENDITURES		$	83,425		$	66,467		$	16,958	

FIELD OPERATIONS							
FIELD OPERATIONS MANAGEMENT STAFF							
LANDSCAPING & FIELD MAINTENANCE		$	5,000		$	‐		$	5,000	
LANDSCAPE REPLACEMENT		$	1,000		$	‐		$	1,000	
LANDSCAPE MULCHING		$	4,000		$	‐		$	4,000	
IRRIGATION REPAIRS		$	1,200		$	‐		$	1,200	
ELECTRICITY		$	1,200		$	‐		$	1,200	
WATER USE MONITORING							
ENTRY MONUMENTS MAINTENANCE		$	1,400		$	‐		$	1,400	
WETLAND MONITORING		$	1,500		$	‐		$	1,500	
SFWMD ERP ANNUAL REPORT		$	1,500		$	‐		$	1,500	
LAKE TESTING		$	‐					
SABLE PALM CULVERTS CLEANING
LAKE MAINTENANCE		$	‐
$	18,000				
$	18,000	
TOTAL FIELD OPERATIONS EXPENDITURES		$	34,800		$	‐		$	34,800	
							
TOTAL EXPENDITURES		$	118,225		$	66,467		$	51,758	
	
Balance	
$	‐		
$	6,667		
$	6,667	

6:20 PM
07/10/17

Fronterra Community Development District
Reconciliation Summary
1Cash , Period Ending 06/30/2017

Beginning Balance Cleared Transactions
Checks and Payments - 1 Item Deposits and Credits • 1 Item

Jun 30, 17

-2,070.05
0.00

17 ,747.62

Total Cleared Transactions

Cleared Balance
Uncleared Transactions
Checks and Payments - 2 Items Total Uncleared Transactions
Register Balance as of 06/30/2017
Ending Balance

-2,070.05

15,677.57

-2,279.08
-2,279.08

13,398.49

13,398.49

6:20 PM
07/10/17

Fronterra Community Development District
Reconciliation Detail
1Cash, Period Ending 06/30/2017

Type	Date	Num	Name	Cir	Amount Beginning Balance
Cleared Transactions
Checks and Payments • 1 Item

Balance
17,747.62

Bill Pmt -Check	06/01/2017	1019
Total Checks and Payments
Deposits and Credits • 1 item

Real Estate Econo...

X	·2.070.05
-2,070.05

-2.070.05
-2,070.05

Bill Pmt -Check	06/20/2017	1020
Total Deposits and Credits Total Cleared Transactions
Cleared Balance
Uncleared Transactions
Checks and Payments • 2 Items

Hopping Green & S...	X

0.00
0.00

-2.070.05

-2,070.05

0.00
0.00

-2,070.05

15,677.57

Bill Pm!-Check	06/30/2017	1022	Real Estate Econo...	-2,000.00	-2.000.00	
Bill Pmt -Check	06/30/2017	1021	Naples Daily News	-279.08	-2,279.08	

Total Checks and Payments	-2,279.08	-2,279.08

Total Uncleared Transactions

-2,-2-79.08	-

-2,279.08

Register Balance as of 06/30/2017	-4,34913	1,3 398 .49	
Ending Balance	-4,349.13	13,398.49	

First Florida
, Integrity Bank

1

Date 6/30/17	Page	1
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT 707 ORCHID DR STE 100
NAPLES FL 34102

CHECKING ACCOUNTS

.00

.oo
15 ,677.57

15,742.25
15,742.25

32

Days in the Statement Period Average Ledger
Average Collected

.oo
2,070.05

Statement Dates	6/01/17 thru 7/02/17

17,747.62

1

Number of Enclosures

XXXXXXX4564

PUBLIC COMMERCIAL CHECKING
Accounts Beginning Balance
Deposits/Credi'ts 1 Checks/Debits
Service Charge Interest Paid Ending Balance

6/02
* Denotes missing check numbers	

6/01

17,747.62	6/02

15,677.57

E;!I D  Of   STA1'EMENT

-- "EF--

.1.--0-1.­.

..,.._m
I

J

i,:iq1.s r. -

..	=

f

Seq : 1:1
94 1(h ·   6'597•-:t
0  • 1r,   oa,  011 17

( 1 . 1

lnclooring Ched<       1019    Date; 06/02  Amount· $2,07005	lndoartng Check 1019 Date· 00/02 Amount $2,07005

00- -M -N -PC -213-01	2864
0122435-00-03069-01	Page 1 of 4
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 REVENUEACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122435-00-03069-01	Page 2 of 4
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
REVENUEACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122435-00-03069-01	Page 3 of 4
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
REVENUEACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 		07/01/17 to 07/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M  -N -PC -213-01	00286401	2864
0122435-00-03069-01	Page 4 of 4
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
REVENUEACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

00- -M -N -PC -213-01	2864
0122423-00-03069-01	Page 1 of 4
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122423-00-03069-01	Page 2 of 4
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122423-00-03069-01	Page 3 of 4
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 		07/01/17 to 07/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M  -N -PC -213-01	00286401	2864
0122423-00-03069-01	Page 4 of 4
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

00- -M -N -PC -213-01	2864
0122425-00-03069-01	Page 1 of 6
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122425-00-03069-01	Page 2 of 6
ACCOUNT NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
CAPITALIZED INTERESTACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122425-00-03069-01	Page 3 of 6
ACCOUNT NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
CAPITALIZED INTERESTACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 		07/01/17 to 07/31/17	 Beginning Market Value		$73,894.03
Contributions	18.73
Adjusted Market Value	$73,912.76
Investment Results
Interest,  Dividends  and Other Income	29.88
Total Investment Results	$29.88
Ending Market Value	$73,942.64

00- -M  -N -PC -213-01	00286401	2864
0122425-00-03069-01	Page 4 of 6
ACCOUNT NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
CAPITALIZED INTERESTACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL AS OF 07/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

73,942.640	First American Government	73,942.64	73,942.64	100.0	358.74	
	Oblig Fd Cl Y	1.0000	1.00	.48 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$73,942.64	$73,942.64	100.0	$358.74	

Cash	

Principal Cash	

- 86.41	

- 86.41	

- 0.1		
	
Income Cash	
86.41	
86.41	
0.1		
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$73,942.64	$73,942.64

100.0	$358.74

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

00- -M  -N -PC -213-01	00286401	2864
0122425-00-03069-01	Page 5 of 6
ACCOUNT NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
CAPITALIZED INTERESTACCOUNT

CASH SUMMARY

This statement is for the period from July 1, 2017 to July 31, 2017

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2017	$56.53	- $56.53	$.00	
Taxable Interest	29.88		29.88	
Cash Receipts		18.73	18.73	
Net Money Market Activity		- 48.61	- 48.61	
Ending Cash Balance as of 07/31/2017	$86.41	- $86.41	$0.00	

00- -M  -N -PC -213-01	00286401	2864
0122425-00-03069-01	Page 6 of 6
ACCOUNT NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
CAPITALIZED INTERESTACCOUNT

TRANSACTION DETAIL

This statement is for the period from July 1, 2017 to July 31, 2017

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2017	$56.53	- $56.53	$73,894.03	
07/03/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/17 To 6/30/17 31846V203	29.88			
07/05/17	Purchased 29.88 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/5/17 31846V203		- 29.88	29.88	
07/07/17	Cash Receipt
Transfer From Another Trust From Reserve Acct
Per Ind/Sec 4089(G)(I) Interest
Rxj56379		18.73		
07/07/17	Purchased 18.73 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/7/17 31846V203		- 18.73	18.73	
	Ending Balance 07/31/2017	$86.41	- $86.41	$73,942.64	

00- -M -N -PC -213-01	2864
0122427-00-03069-01	Page 1 of 4
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122427-00-03069-01	Page 2 of 4
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122427-00-03069-01	Page 3 of 4
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 		07/01/17 to 07/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M  -N -PC -213-01	00286401	2864
0122427-00-03069-01	Page 4 of 4
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

00- -M -N -PC -213-01	2864
0122429-00-03069-01	Page 1 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122429-00-03069-01	Page 2 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
RESERVEACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122429-00-03069-01	Page 3 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
RESERVEACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 		07/01/17 to 07/31/17	 Beginning Market Value		$46,310.04
Distributions	- 18.73
Adjusted Market Value	$46,291.31

Investment Results
Interest,  Dividends  and Other Income	18.73
Total Investment Results	$18.73
Ending Market Value	$46,310.04

00- -M  -N -PC -213-01	00286401	2864
0122429-00-03069-01	Page 4 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
RESERVEACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL AS OF 07/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

46,310.040	First American Government	46,310.04	46,310.04	100.0	224.68	
	Oblig Fd Cl Y	1.0000	1.00	.48 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$46,310.04	$46,310.04	100.0	$224.68	

Cash	

Principal Cash	

- 50.64	

- 50.64	

- 0.1		
	
Income Cash	
50.64	
50.64	
0.1		
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$46,310.04	$46,310.04

100.0	$224.68

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

00- -M  -N -PC -213-01	00286401	2864
0122429-00-03069-01	Page 5 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
RESERVEACCOUNT

CASH SUMMARY

This statement is for the period from July 1, 2017 to July 31, 2017

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2017	$31.91	- $31.91	$.00	
Taxable Interest	18.73		18.73	
Cash Disbursements
Net Money Market Activity		- 18.73	- 18.73	
Ending Cash Balance as of 07/31/2017	$50.64	- $50.64	$0.00	

00- -M  -N -PC -213-01	00286401	2864
0122429-00-03069-01	Page 6 of 6
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
RESERVEACCOUNT

TRANSACTION DETAIL

This statement is for the period from July 1, 2017 to July 31, 2017

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2017	$31.91	- $31.91	$46,310.04	
07/03/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/17 To 6/30/17 31846V203	18.73			
07/05/17	Purchased 18.73 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/5/17 31846V203		- 18.73	18.73	
07/07/17	Cash Disbursement Paid To 275143002
Transfer To Another Trust To Cap I Acct
Per Ind/Sec 4089(G)(I) Interest
Rxj56379		- 18.73		
07/07/17	Sold 18.73 Units Of
First Am Govt Ob Fd Cl Y Trade Date 7/7/17 31846V203		18.73	- 18.73	
	Ending Balance 07/31/2017	$50.64	- $50.64	$46,310.04	

00- -M -N -PC -213-01	2864
0122431-00-03069-01	Page 1 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M  -N -PC -213-01	00286401	2864
0122431-00-03069-01	Page 2 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

00- -M  -N -PC -213-01	00286401	2864
0122431-00-03069-01	Page 3 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 	07/01/17 to 07/31/17	

Beginning Market Value	$2,311,592.79	
Investment Results		
Interest, Dividends and Other Income	934.75	
Fees and Expenses	- 32,400.00	
Total Investment Results	- $31,465.25	
		
Ending Market Value	$2,280,127.54	

00- -M  -N -PC -213-01	00286401	2864
0122431-00-03069-01	Page 4 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL AS OF 07/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

2,280,127.540	First American Government	2,280,127.54	2,280,127.54	100.0	11,062.27	
Oblig Fd Cl Y	1.0000	1.00	.48 **	
#3763				
31846V203				
Total Cash Equivalents	$2,280,127.54	$2,280,127.54	100.0	$11,062.27	

Cash

Principal Cash	

- 2,527.54	

- 2,527.54	

- 0.1	

Income Cash	
2,527.54	
2,527.54	
0.1	
Total Cash	$0.00	$0.00	0.0	
				
Total Assets	$2,280,127.54	$2,280,127.54	100.0	$11,062.27	

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

00- -M  -N -PC -213-01	00286401	2864
0122431-00-03069-01	Page 5 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

CASH SUMMARY

This statement is for the period from July 1, 2017 to July 31, 2017

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2017	$1,592.79	- $1,592.79	$.00	
Taxable Interest	934.75		934.75	
Fees and Expenses		- 32,400.00	- 32,400.00	
Net Money Market Activity		31,465.25	31,465.25	
Ending Cash Balance as of 07/31/2017	$2,527.54	- $2,527.54	$0.00	

00- -M  -N -PC -213-01	00286401	2864
0122431-00-03069-01	Page 6 of 6
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

TRANSACTION DETAIL

This statement is for the period from July 1, 2017 to July 31, 2017
Date	Income	Principal	Tax
Posted	Description		Cash		Cash		Cost Beginning Balance 07/01/2017	$1,592.79	- $1,592.79	$2,311,592.79
07/03/17	Interest Earned On	934.75
First Am Govt Ob Fd Cl Y Interest From 6/1/17 To 6/30/17 31846V203
07/05/17	Purchased  934.75 Units Of	- 934.75	934.75
First Am Govt Ob Fd Cl Y Trade Date 7/5/17 31846V203
07/26/17	Cash Disbursement	- 32,400.00
Paid To Earth Tech Enterprises For Project Expenses
Dm: Invoice # 17-169 Fronterra Cdd Requisition No 1
Stormwater Lake Excavation Rxj56379
07/26/17	Sold  32,400 Units Of	32,400.00	- 32,400.00
First Am Govt Ob Fd Cl Y Trade Date 7/26/17 31846V203

Ending Balance 07/31/2017	$2,527.54	- $2,527.54	$2,280,127.54

00- -M -N -PC -213-01	2864
0122433-00-03069-01	Page 1 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT

000001115 05 SP

000638687925284 P

This statement is for the period from July 1, 2017 to July 31, 2017

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any  questions  regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MAGGIE CHAVEZ
EX-FL-FTL3
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 954-938-2471
E-mail MAGGIE.CHAVEZ@USBANK.COM

Analyst:
RAHANA JUMAN
Phone 651-466-6194

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0122433-00-03069-01	Page 2 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT

SPECIAL MESSAGES

This statement is for the period from July 1, 2017 to July 31, 2017
Faster trade settlement begins September 5
To better meet the needs of all investors, the financial services industry is shortening the settlement cycle for stocks, corporate bonds, municipal bonds, unit investment trusts and financial products comprised of  these security types (such as exchange-traded funds). The standard settlement cycle of three business days after the trade date will be changed to two business days on September 5, 2017.
This should result in reduced credit risk, cash deployment efficiencies, increased market liquidity and lower collateral requirements. It also will align the U.S. market with other major international markets. For example, 23 European Union members moved to a two-day settlement cycle in October 2014. U.S. Bank has  been  participating in industry-wide testing to ensure readiness for the shortened settlement cycle.

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0122433-00-03069-01	Page 3 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

MARKET VALUE SUMMARY

Current Period
 	07/01/17 to 07/31/17	

Beginning Market Value	$26,831.92	
Investment Results		
Interest, Dividends and Other Income	10.85	
Total Investment Results	$10.85	
		
Ending Market Value	$26,842.77	

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0122433-00-03069-01	Page 4 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT
This statement is for the period from July 1, 2017 to July 31, 2017

ASSET DETAIL AS OF 07/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

26,842.770	First American Government	26,842.77	26,842.77	100.0	130.23	
	Oblig Fd Cl Y	1.0000	1.00	.48 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$26,842.77	$26,842.77	100.0	$130.23	

Cash	

Principal Cash	

- 29.86	

- 29.86	

- 0.1		
	
Income Cash	
29.86	
29.86	
0.1		
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$26,842.77	$26,842.77

100.0	$130.23

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

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0122433-00-03069-01	Page 5 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT

CASH SUMMARY

This statement is for the period from July 1, 2017 to July 31, 2017

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2017	$19.01	- $19.01	$.00	
Taxable Interest	10.85		10.85	
Net Money Market Activity		- 10.85	- 10.85	
Ending Cash Balance as of 07/31/2017	$29.86	- $29.86	$0.00	

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0122433-00-03069-01	Page 6 of 6
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT, CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COST OF ISSUANCE ACCOUNT

TRANSACTION DETAIL

This statement is for the period from July 1, 2017 to July 31, 2017

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2017	$19.01	- $19.01	$26,831.92	
07/03/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/17 To 6/30/17 31846V203	10.85			
07/05/17	Purchased 10.85 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/5/17 31846V203		- 10.85	10.85	
	Ending Balance 07/31/2017	$29.86	- $29.86	$26,842.77	

EXHIBIT 4

RESOLUTION 2017-38

THE ANNUAL APPROPRIATION RESOLUTION OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017, AND ENDING SEPTEMBER 30, 2018; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2017, submitted to the Board of Supervisors (“Board”) of the Fronterra Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2017 and ending September 30, 2018 (“Fiscal Year 2017/2018”) 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; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set August 8, 2017, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Fronterra Community Development District for the Fiscal Year Ending September 30, 2018.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2017/2018, the sum of $262,237.62 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 77,125.00	
DEBT SERVICE FUND (SERIES 2017)	$ 185,112.62	
TOTAL ALL FUNDS	$ 262,237.62	
SECTION 3. BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2017/2018 or within 60 days following the end of the Fiscal Year 2017/2018 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 8th DAY OF AUGUST, 2017.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

Exhibit A: Fiscal Year 2017/2018 Budget

EXHIBIT A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
Fiscal Year 2017‐2018

REVENUES
ON‐ROLL ASSESSMENTS

BUDGET

DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUS REVENUE TOTAL REVENUES

$ 77,125

Unplatted Acres

$ 77,125

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL	$	‐
PAYROLL TAXES	‐	7.65%
PAYROLL SERVICE FEE		‐	$39 per Payroll MANAGEMENT CONSULTING SERVICES	24,000	$2,000/Month
ASSESSMENT ADMINISTRATION	8,500	Lien Book, MBS Capital, Tax Collector, U.S. Bank ASSESSMENT ROLL PREPARATION	2,500	Assessment Roll Preparation for Tax Collector MISCELLANEOUS		250	Office Supplies, etc.
STORAGE FEES	900	Offsite File Storage @ $75/month BANK CHARGES		‐
AUDITING		‐	No Audit if under $100,000. Every third year INSURANCE (Liability, Property & Casuality)	5,000	DAO Insurance
LEGAL ADVERTISING	3,600	8 Ads at $300/each and 2 Ads at $600/each
REGULATORY AND PERMIT FEES	175	State Filing Fee
LEGAL SERVICES	20,000	Hopping Green & Sams
ENGINEERING SERVICES ‐ General	7,500
WEBSITE DESIGN & HOSTING	2,500	Required by State Law MISCELLANEOUS SERVICES

TOTAL ADMINISTRATIVE EXPENDITURES	$ 74,925

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER USE MONITORING
ENTRY MONUMENTS MAINTENANCE WETLAND MONITORING
SFWMD ERP ANNUAL REPORT LAKE MAINTENANCE
TOTAL FIELD OPERATIONS EXPENDITURES

$	‐
$	‐
$	‐
$	‐
$	1,200
$	‐
$	1,000
$	‐
$	‐
$	‐
$	2,200

Approximately $100/month Approximately $100/month Front Signage Cardno Entrix @ $200/month
Pressure Cleaning, Painting, etc. Approximatly $100/month monitoring Annual
$1,500 per month per lake

TOTAL EXPENDITURES

$ 77,125

Balance  $	‐

154 Lots = $

500.81

Per Lot

Fronterra Community Development District Debt Service Fund ‐ Series 2017 Bonds
FY 2017‐2018 Proposed  Budget

REVENUE (1)
Balance in Account (May 31, 2017) Assessment Off‐Roll
Assessment On‐Roll Capitalized Interest Discounts
Total Revenue

$	‐
$	98,566.46
$	86,546.16
$	‐
$	‐

$	185,112.62

EXPENDITURES
INTEREST EXPENSE
November 1, 2017
May 1, 2018 PRINCIPAL
May 1, 2018
Total Expenditures

$	73,837.50
$	73,837.50

$	35,000.00

$	182,675.00

Excess Revenues over Expenditures	$	2,437.62

Allocation of Maximum Annual Debt Service

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

On Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	72 $

1,202.03

$ 86,546.16

Off Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	82 $

1,202.03

$ 98,566.46

Total	$ 185,112.62

‐ Following the adoption fo the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to  property owners as of this "date of record" and will utilize the appropriate on‐roll and off‐roll collection methods to collect its assessments.assessments and related
colletion costs may vary from the adopted budgets.

EXHIBIT 5

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018 BUDGET FUNDING AGREEMENT

This Agreement (the “Agreement”) is made and entered into this 8th day of August, 2017, by and between:

Fronterra Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Collier County, Florida ("District"), and

CCC Fronterra, LLC, a Florida limited liability company and the developer of the lands in the District ("Developer") with a mailing address of 135 San Lorenzo Avenue, Suite 740, Coral Gables, Florida 33146.

Recitals

WHEREAS, the District was established by an ordinance adopted by the County Commission of Collier County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently is developing the majority of all real property (“Property”) within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for Fiscal Year 2017/2018, which year commences October 1, 2017, and concludes on September 30, 2018 (the “FY 2018 Budget”); and

WHEREAS, the FY 2018 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit A; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property owned by the Developer, that will benefit from the activities, operations and services set forth in the FY 2018 Budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit A; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit A to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit A;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

SECTION 1. The Developer agrees to make available to the District the monies necessary for the operation of the District, as called for in the FY 2018 Budget attached hereto as Exhibit A, within fifteen (15) days of written request by the District. Amendments to the FY 2018 Budget as shown on Exhibit A adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2018 Budget or otherwise. These payments are made by Developer in lieu of operation and maintenance assessments which might otherwise be levied or imposed by the District.

SECTION 2. The District shall have the right to file a continuing lien (the “Lien”) upon the Property described in Exhibit B for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this Lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s Lien. The Lien shall be effective as of the date and time of the recording of a “Notice of Lien for the FY 2018 Budget” in the public records of Collier County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for the FY 2018 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against  the record title holders to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may partially release any filed Lien for portions of the Property subject to a plat if and when the Developers have demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developers sell any of the Property described in Exhibit B after the execution of this Agreement, the Developers’ rights and obligations under this Agreement shall remain the same, provided

however that the District shall only have the right to file a Lien upon the remaining Property owned by the Developers.

SECTION 3. In the event Developer fails to make payments as and when due to the District pursuant to this Agreement, the District shall have the following remedies, in addition to other remedies available at law and equity:

At the Board’s direction, the District may bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may enforce the collection of funds due under this Agreement by action against Developer in the appropriate judicial forum in and for Collier County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District.

The District hereby finds that the activities, operations and services set out in Exhibit A provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. Developer agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Property equal to or in excess of the costs set out in Exhibit A, on an equal developable acreage basis. Therefore, in the alternative, or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Collier County property appraiser. Developer hereby waives and/or relinquishes any rights it may have to challenge or object to such assessments if imposed, as well as the means of collection thereof.

SECTION 4. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

SECTION 5. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

SECTION 6. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld. In the event that Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to the lands within the District, including the Property, Developer will expressly require that the purchaser agree to be bound by the terms of this Agreement. In the event of such sale or disposition, Developer may place into escrow an amount equal to the then unfunded portion of the adopted FY 2018 Budget to fund any budgeted expenses that may arise during the

remainder of the fiscal year and provide the District evidence of assignment of this Agreement to the purchaser. Upon confirmation of the deposit of said funds into escrow, and evidence of such assignment to, and assumption by the purchaser, the Developer’s obligation under this Agreement shall be deemed fulfilled and this Agreement terminated with respect to Developer’s obligations. The parties hereto recognize that Developer is responsible for expenditures of the District in the FY 2018 Budget and that expenditures approved by the Board may exceed the amount adopted in the FY 2018 Budget. Developer shall notify the District in writing ninety
days prior to an anticipated sale or disposition of all or substantially all of the Property.

SECTION 7. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described in Paragraph 3 above.

SECTION 8. This Agreement is solely for the benefit of the parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any person or entity not a party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns subject to the terms of Paragraph 6 above.

SECTION 9. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue shall be in Collier County, Florida.

SECTION 10. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 11. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

SECTION 12. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees, paralegal fees and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

CCC FRONTERRA, LLC,
a Florida limited liability company

Witness	By:  	
Its:  	

Exhibit A:	Fiscal Year 2017/2018 General Fund Budget
Exhibit B:	Description of the Property

EXHIBIT A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
Fiscal Year 2017‐2018

REVENUES
ON‐ROLL ASSESSMENTS

BUDGET

DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUS REVENUE TOTAL REVENUES

$ 77,125

Unplatted Acres

$ 77,125

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL	$	‐
PAYROLL TAXES	‐	7.65%
PAYROLL SERVICE FEE		‐	$39 per Payroll MANAGEMENT CONSULTING SERVICES	24,000	$2,000/Month
ASSESSMENT ADMINISTRATION	8,500	Lien Book, MBS Capital, Tax Collector, U.S. Bank ASSESSMENT ROLL PREPARATION	2,500	Assessment Roll Preparation for Tax Collector MISCELLANEOUS		250	Office Supplies, etc.
STORAGE FEES	900	Offsite File Storage @ $75/month BANK CHARGES		‐
AUDITING		‐	No Audit if under $100,000. Every third year INSURANCE (Liability, Property & Casuality)	5,000	DAO Insurance
LEGAL ADVERTISING	3,600	8 Ads at $300/each and 2 Ads at $600/each
REGULATORY AND PERMIT FEES	175	State Filing Fee
LEGAL SERVICES	20,000	Hopping Green & Sams
ENGINEERING SERVICES ‐ General	7,500
WEBSITE DESIGN & HOSTING	2,500	Required by State Law MISCELLANEOUS SERVICES

TOTAL ADMINISTRATIVE EXPENDITURES	$ 74,925

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER USE MONITORING
ENTRY MONUMENTS MAINTENANCE WETLAND MONITORING
SFWMD ERP ANNUAL REPORT LAKE MAINTENANCE
TOTAL FIELD OPERATIONS EXPENDITURES

$	‐
$	‐
$	‐
$	‐
$	1,200
$	‐
$	1,000
$	‐
$	‐
$	‐
$	2,200

Approximately $100/month Approximately $100/month Front Signage Cardno Entrix @ $200/month
Pressure Cleaning, Painting, etc. Approximatly $100/month monitoring Annual
$1,500 per month per lake

TOTAL EXPENDITURES

$ 77,125

Balance  $	‐

154 Lots = $

500.81

Per Lot

Exhibit B

Description of the Property

7

EXHIBIT 6

AGREEMENT BETWEEN FRONTER.RA COMMUNITY DEVELOPMENT DISTRICT AND HOLE MONTES, INC. FOR PROFESSIONAL SURVEYING SERVICES

THIS AGREEMENT (the "Agreement") is made and entered into this 19th day of June, 2017, by and between:

Fronterra Community Development District, a local unit of special-purpose government established pursuant to Chapter l 90, Florida Statutes, and located in Collier County, Florida, whose mailing address is 707 Orchid Drive, Suite 100, Naples, Florida 34102 (the "District"); and

Hole Montes, Inc., a Florida corporation, whose mailing address is 950 Encore Way, Naples, Florida 34110 (the "Contractor").

RECITALS

WHEREAS, the District was established pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended, for the purpose of planning, constructing, installing, acquiring, financing, operating and/or  maintaining  certain p1,1blic infrastructure improvements; and

WHEREAS, the District has a need to retain a professional surveyor and mapper  to provide a boundary survey for an approximate 1.35 acre offsite preserve parcel that is intended to be conveyed to the District (the "Surveying Services"); and

WHEREAS, the Contractor represents that it is licensed, qualified and capable of  providing the Surveying Services and has agreed to provide such services for the District in accordance with the terms of this Agreement; and

WHEREAS, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this agreement.

Now THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

SECTION 2.	SCOPE OF SERVICES; MANNER OF CONTRACTOR'S PERFORMANCE. The
duties, obligations and responsibilities of the Contractor are to provide the Surveying Services for the District as set forth herein.

Contractor shall be solely responsible for the means, manner  and  methods  by which its duties, obligations and responsibilities are met to  the satisfaction  of  the  District and in accordance with this Agreement. While providing  the  services  identified  in this Agreement, the Contractor shall assign such staff as may be required, and such  staff shall be responsible for coordinating, expediting, and controlling all aspects to ensure the completion of the Surveying Services.

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, ordinances and regulations affecting the provision of the Surveying Services.

The District hereby designates its District Manager to act as  the  District's representative with respect to the services to  be  performed  under  this  Agreement. The District's representative shall have complete authority to transmit instructions, receive information, interpret and define the District's policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Surveying Services.

Contractor shall use all due care to protect the property of the District, its residents and landowners from damage and shall follow and be responsible for the completion of such services. Contractor agrees to repair any damage resulting from Contractor's activities and work within twenty-four (24) hours.

SECTION 3.	COMPENSATION.

As compensation for the completion of the Surveying Services, the District agrees to pay the Contractor One Thousand and Four Hundred Dollars ($1,400.00),  which amount includes all items, labor and materials necessary  to complete  such services. The Contractor shall invoice the District upon completion of the Surveying Services, and the District shall provide payment within thirty (30) days of receipt of such an invoice, or as may be required by Florida's Prompt Payment  Act,  Chapter  218,  Florida Statutes.

If the District should desire additional work or services, the Contractor agrees to negotiate in good faith to undertake such additional  work  or  services.  Upon successful negotiations, the parties shall agree in writing to a work order, addendum, addenda, or change order to this  Agreement.  The  Contractor  shall  be compensated for such agreed additional work or services based upon a payment amount  acceptable  to the parties and agreed to in writing. No additional services shall be provided by the Contractor unless done at the direction of the District.

The District may require, as a condition precedent to making any payment to the Contractor, that all subcontractors, material men, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Worker's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees. Any subcontractors proposed to be used by Contractor are subject to approval by the District, which approval may be withheld in the District's sole discretion.

SECTION 4.	INSURANCE.

The Contractor shall, at its own expense, maintain  insurance  during  the performance of the Surveying Services pursuant to this Agreement, with limits of liability not less than the following:

Workers Compensation	statutory	
General Liability		
Bodily Injury (including contractual)	$1,000,000	
Property Damage (including contractual)	$1,000,000	
Automobile Liability (if applicable)		
Bodily Injury and Property Damage	$1,000,000	
Professional Liability for Errors and Omissions	$1,000,000	

The District, its agents, staff, consultants and supervisors shall be named as an additional insured. The Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverages, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance  coverage  shall  be from a reputable insurance carrier, licensed to conduct business  in  the  State  of Florida, and such carrier shall have a Best's Insurance  Reports  rating  of  at least A­ VII.

If the Contractor fails to have secured and maintained the required insurance, the District has the right (without any obligation to do so, however), to secure  such required insurance in which event the Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District's obtaining the required insurance.

SECTION 5. INDEPENDENT CONTRACTOR. It is understood and agreed that at all times the relationship of Contractor and its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor to the District is the relationship of an independent contractor and not that of an employee, agent, joint venturer or partner of the District. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between the District and Contractor or any of its employees, agents, subcontractors or anyone directly or indirectly employed by Contractor. The parties acknowledge that Contractor is not an employee for state or federal tax purposes. Contractor shall hire and pay all of Contractor's employees, agents, subcontractors or anyone directly or indirectly employed by Contractor, all of whom shall be employees of Contractor and not employees of the District and at all times entirely under Contractor's supervision, direction and control.

In particular, the District will not: i) Withhold FICA (Social Security) from Contractor's payments; ii) Make state or federal unemployment  insurance  contributions  on  Contractor's behalf; iii) Withhold state or federal income tax from payment to Contractor; iv) Make disability insurance contributions on behalf of Contractor; or v)  Obtain  workers'  compensation  insurance on behalf of Contractor.

SECTION 6. COMPLIANCE WITH GOVERNMENTAL REGULATIONS. The Contractor shall
keep, observe, and perform all requirements of applicable local, state, and federal laws, rules, regulations, or ordinances. If the Contractor fails to notify the District in writing  within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, state, or federal governmental  body  or  agency  or subdivision thereof with respect to the services being rendered under this  Agreement  or  any action of the Contractor or any of its agents, servants, employees, or materialmen,  or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any  requirement  of  such  agency within five (5) days after  receipt of any such notice, order, request  to comply  notice, or report of  a violation or an alleged violation, the District may terminate this Agreement, effective immediately upon the giving of notice of termination.

SECTION 7.	DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle  the other to all remedies  available  at  law or in equity, which may include, but not be limited to, the right of actual damages and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third  party.  Nothing  contained  in this Agreement  shall limit or impair the District's right to protect its rights f om interference by a third party to this Agreement.

SECTION  8.    ENFORCEMENT  OF AGREEMENT.   In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the

prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorneys fees, paralegal fees and expert witness fees, and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 9.  AMENDMENTS.   Amendments  to and  waivers  of the provisions  contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.

SECTION 10. AUTHORIZATION. The execution of this Agreement has been  duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions of this Agreement.

SECTION 11. NOTICES. All notices, requests, consents and other communications under this Agreement ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to Contractor:

If to District:

With a copy to:

Hole Montes Inc. 950 Encore Way
Naples, Florida 34110 Attn: Thomas M. Murphy

Fronterra Community Development District 707 Orchid Drive, Suite 100
Naples, Florida 34102 Attn: District Manager

Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel

Except as otherwise provided in this Agreement, any Notice shall be deemed  received  only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed  received  on the next business  day.  If any time for giving Notice contained in this Agreement would otherwise expire on a non­ business day, the Notice period shall be extended to  the  next  succeeding  business  day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notice on behalf of the District and the Contractor. Any party or other person  to whom  Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing  the same on five (5) days written  notice  to  the parties and addressees set forth herein.

SECTION 12.  ARM'S  LENGTH  TRANSACTION.  This  Agreement  has  been  negotiated fully between the District and the Contractor as an arm's length transaction. Both parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision  of this  Agreement,  both parties are deemed to have drafted, chosen, and selected the language,  and  the doubtful  language  will not be interpreted or construed against either the District or the Contractor.

SECTION 13. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit  of the District and the Contractor and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Contractor any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Contractor and their respective representatives, successors, and assigns.

SECTION 14. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement or any monies to become due hereunder without the prior written approval  of the  other.

SECTION 15. APPLICABLE LAW AND VENUE. This Agreement and the  prov1s10ns contained herein shall be construed, interpreted and controlled  according  to the laws of the State of Florida. Venue shall be in Collier County, Florida.

SECTION 16.	INDEMNIFICATION.

Contractor, its employees, agents and subcontractors shall defend, hold harmless and indemnify the District and its supervisors, officers, staff, employees, representatives  and agents against any claims, damages, liabilities,  losses  and costs,  including,  but not limited to, reasonable attorneys' fees, to the extent  caused  by  the  acts  or omissions of Contractor, and other persons employed or utilized by Contractor in the performance of this Agreement or the Surveying Services performed hereunder.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney  fees,  and  paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.

SECTION 17.	LIMITATIONS	ON	GOVERNMENTAL	LIABILITY.	Nothing	in this
Agreement shall be deemed as a waiver of immunity or limits of liability of the District  beyond any statutory limited waiver of immunity or limits of liability which may  have been adopted  by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing  any claim  which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 18. TERMINATION. The District agrees that the Contractor may terminate this Agreement for cause by providing thirty (30) days written notice of termination to the District; provided, however, that the District shall be provided a reasonable  opportunity  to  cure  any failure under this Agreement. The Contractor agrees that the District may  terminate  this Agreement immediately for cause by providing written notice  of termination  to the Contractor. The District shall provide thirty (30) days written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all Surveying Services rendered up until the effective termination of this  Agreement,  subject  to  whatever claims or off sets the District may have against the Contractor as the sole means of recovery for termination.

SECTION 19.  PUBLIC  RECORDS.   Contractor  understands  and agrees  that all documents of any kind provided to the District in connection with this Agreement may  be public  records,  and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to  Section  119.0701,  Florida  Statutes. Contractor acknowledges that the designated public records custodian for the District is Russ Weyer ("Public Records Custodian").  Among  other requirements  and  to  the extent  applicable by law, the Contractor shall 1) keep and maintain public records required by the  District  to perform the service; 2) upon request by the Public Records Custodian, provide  the District  with the requested public records or allow the records to be inspected or copied within a  reasonable  time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Contractor  does not  transfer  the records  to the Public Records Custodian of the District; and 4) upon completion of the contract,  transfer  to the District, at no cost, all public records in Contractor's possession or, alternatively,  keep, maintain and meet all applicable requirements for retaining public records pursuant  to Florida  laws. When such public records  are transferred  by the Contractor,  the Contractor  shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT,  CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (239) 269-1341, RWEYER@REE-1.COM, OR 707 ORCHID DRIVE, SUITE 100, NAPLES, FLORIDA 34102.

SECTION 20. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall  not  affect  the  validity  or  enforceability  of  the  remaining portions of this Agreement, or  any  part  of  this  Agreement  not  held  to  be  invalid  or  unenforceable.

SECTION 21. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience  only  and  shall  not  control  nor affect  the  meaning  or  construction of any of the provisions of this Agreement.

SECTION 22. ENTIRE AGREEMENT. This instrument shall constitute the final and complete expression of the Agreement between the parties relating to the subject matter of this Agreement.

IN WITNESS WHEREOF, the District and Contractor have executed this Agreement on the day and year first written above.

Attest:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice-Chairman, Board of Supervisors

Witness:	HOLE MONTES, INC.

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