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

June 6, 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 June 6, 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 April 26, 2017 Regular Meeting Minutes	Exhibit 1

ORGANIZATIONAL MATTERS

None to be considered at this time

CONSTRUCTION RELATED MATTERS

None to be considered at this time

BUDGETARY MATTERS

Consideration of March, 2017 Financial Statements	Exhibit 2

Consideration of Resolution 2017-37. Preliminary Adoption of FY
2017-2018 Budget and Setting Public Hearing	Exhibit 3

Board of Supervisors
Fronterra Community Development District June 6, 2017, Meeting Agenda
Page 2

FINANCING MATTERS

None to be considered at this time

OTHER MATTERS

Staff Reports

District Manager

Supervisor of Elections Letter	Exhibit 4
Form 1 submission
County/District Interlocal Agreement Update
Recording of Financial Disclosure.

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, April 26, 2017, 1:36 a.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 18
19	Absent was:
20
Jaime Lopez	Board Member
Mike Levak	Board Member 23
24	Also present were:
25
Russ Weyer	District Manager, Real Estate Econometrics, Inc.
Jeff Sonalia	Barron Collier Companies 28
29	On the phone was:
30
31	Lindsay Whelan	District Counsel, Hopping Green & Sams, P.A. 32
33	FIRST ORDER OF BUSINESS	Call to Order and Roll Call
34
1.	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.
38
39

1

1	SECOND ORDER OF BUSINESS	Public Comments
2
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	3.	Consideration of the March 22, 2017 Regular Meeting Minutes.
16
Mr. Weyer pointed out that there were minor changes made to the meeting minutes in the
agenda package by Ms. Whalen and the corrected minutes are shown on the screen. There

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 March 22, 2017 Fronterra Community Development District Regular Meeting.

was no Board Discussion. 20
21
22
23
24
25
26	FIFTH ORDER OF BUSINESS	Organizational Matters
27
28	There were no organizational matters to be considered. 29
30
SIXTH ORDER OF BUSINESS	Construction-Related
Matters
33
34
4.– 6. Mr. Robson was not in attendance but reported that he drove out to the site and saw that
there was nothing to be reported at this time.	He does have the construction related
contracts in hand. The easement has been recorded. Mr. Weyer also has both contract
assignments in hand. 39
Mr. Genson said that we don’t have an agreement in place right now with BC Naples
Investments for their share of cost that are in these construction agreements. Ms. Whelan
noted that we have a cost sharing agreement in place. Mr. Genson said that we need to
loop the District in somehow into these agreements as the construction contracts also
include a portion of the road that extends into the commercial parcel up front but not
within District boundaries. 46

2

Mr. Genson also noted that there is a requirement for 1.36 acres of offsite preserve and
the onsite preserve and he talked with Mr. Jonathan Johnson who confirmed that the
District can own those and be responsible for its maintenance. Mr. Genson is working on
a purchase and sale agreement between Peninsula Improvement Corporation who owns
the land and CCC Fronterra. There is then going to be a donation agreement between
CCC Fronterra and the District. Mr. Genson asked the Board for authorization for him to
work with Mr. Weyer and Ms. Whalen on these agreements and allow him to execute the

On MOTION by Mr. English and seconded by Mr. Goguen with all in favor, the Board of Supervisors of the Fronterra Community Development District authorized Chairman Genson to work on and execute the transfer of preserve ownership documents.

agreements prior to the next Board meeting. 9
10
11
12
13
Mr. Goguen asked Mr. Genson on an update as to work on Fronterra.	Mr. Genson
reported that the early work authorization and excavation permit came out today.  Mr.
David Hurst is going to coordinate with Mr. Robson to get Earth Tech on site to
commence clearing. 18
Mr. Goguen noted that the closing with Wells Fargo should take place next week and gets
Wells Fargo involved in terms of funding the project. Mr. Weyer understood that the plat
should go in front of the Collier County Board of County Commissioners in June then
should be recorded and ready to go. Mr. Genson affirmed that statement. 23
24	SEVENTH ORDER OF BUSINESS	Budgetary Matters
25
26	8.	Consideration of the March 2017 Financial Statements.
27
Mr. Weyer presented the District financial statements through March 31, 2017. He noted
that  the  funding  from  CCC  Fronterra  is  in  the  bank  but  doesn’t  show  up  on  these
statements since it happened after the statements came out.  He said that the District is in
good shape financially and reiterated that the system is working well with Mr. Levak. He
also said that the bank statements have been reconciled to date and that the U.S. Bank
statements are included. 34
Mr. Weyer said that the next meeting will include the preliminary budget adoption and
setting a public hearing date. Mr. Goguen pointed out that timing needs to be considered
along with a delineation of who between the CDD and HOA will be performing the
services.

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 March 31, 2017.

39
40
41
42
43
44

3

Mr. Weyer read the Resolution into the record. Ms. Whalen said that this resolution is a
cleanup matter after the bond issuance last month. This resolution basically ratifies staff
and Board member actions in issuing the bonds since the bonds closed on March 24th

On MOTION by Mr. Goguen and seconded by Mr. English, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted Resolution 2017-36 – Ratifying the Sale of the 2017 Bonds.

after our last meeting. 9
10
11
12
13
14	10.	Consideration of Public Financing Disclosure
15
Ms. Whalen said that this disclosure is required by Chapter 190, F.S. and it basically
discloses on the public record stating what the bonds are intended to be used for and is a
cleanup item.	Mr. Goguen asked that we will be allowed to have a gate and is this
document is consistent with what we are using the funds for. This document basically

On MOTION by Mr. Genson and seconded by Mr. Goguen, with all in favor, the Board of Supervisors of the Fronterra Community Development District approved the Series 2017 Bonds Public Financing Disclosure document.

mirrors the First Supplemental Engineer’s Report. 21
22
23
24
25
26	11.	Consideration of Collier County Tax Collector and Property Appraiser Agreement
27
Mr. Weyer said that once we are platted that we will need to be on the County’s tax roll
and this agreement sets out the procedure and fees for the County Property Appraiser and
County Tax Collector to perform this task on behalf of the District.	This is a pretty
standard agreement that is prepared by the County. We made some minor changes that

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 agreement with the Collier County Tax Collector and Property Appraiser.

were accepted by the County and that the fee is 3.5% in total. 33
34
35
36
37
38
39	EIGHTH ORDER OF BUSINESS	Other Business
40
41	Other Business
42
43	There was no other business to report. 44
45	NINTH ORDER OF BUSINESS	Staff Reports
46

4

Next meeting will be the preliminary budget adoption and setting of the public
hearing to adopt the final budget. Mr. Weyer will send out a meeting notice in
order to confirm or set another date that is acceptable to all parties. 8
9	Mr. Weyer had nothing else to report. 10
11	B.	Attorney’s Report –
12
Ms. Whelan will be in contact in the next week with the appropriate Supervisors
regarding the issues and items discussed in this meeting. 15
16	Ms. Whelan had nothing further to report. 17
18	C.	Interim Engineer’s Report –
19
20	Mr. Dobson was not present. 21
22
23	NINTH ORDER OF BUSINESS	Supervisors’ Requests
24
Mr. Goguen asked that since Mr. Dobson was not at the meeting is there anything that
Mr. Genson needed authorization for in the next 30 days that pertained ot theDistrict
Engineer. Mr. Genson said nothing at this time. 28	.
29
30	TENTH ORDER OF BUSINES	Public Comments
31
32	There were no public comments. 33
34
35	ELEVENTH ORDER OF BUSINESS	Adjournment

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

36
37
38
39
40
41
42
43	 		 	
44	Secretary/Assistant Secretary	Chairperson/Vice-Chairperson 45
46

5

6

EXHIBIT 2

Cash Flow
October 2016 through May 2017

Oct '16 - May 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	12,279.89
Legal Services	20,641.00
Management Consulting Services	18,029.42
Office Expense	13.58
Total Administrative	57,386.38

Total Expense	57,386.38
Net Income	15,747.62

Page 1

Balance Sheet
As of May 31, 2017

May 31, 17
ASSETS
Current Assets Checking/Savings
1Cash	17,747.62
Total Checking/Savings	17,747.62

Total Current Assets	17,747.62
TOTAL ASSETS	17,747.62 LIABILITIES & EQUITY
Liabilities
Current Liabilities Accounts Payable
Account Payable 201	2,070.05
Total Accounts Payable	2,070.05

Total Current Liabilities	2,070.05
Total Liabilities Equity	2,070.05	
Net Income	15,677.57	
Total Equity	15,677.57	
TOTAL LIABILITIES & EQUITY	17,747.62

Page 1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING May 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		18,000		$	6,000	
ASSESSMENT ADMINISTRATION		8,500		‐		$	8,500	
ASSESSMENT ROLL PREPARATION							
OFFICE EXPENSE		250		43		$	207	
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		12,280		$	(9,280)	
REGULATORY AND PERMIT FEES		175		‐		$	175	
LEGAL SERVICES		25,000		20,641		$	4,359	
ENGINEERING SERVICES ‐ General		5,000		2,126		$	2,874	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES		2,500		‐		$	2,500	
TOTAL ADMINISTRATIVE EXPENDITURES		$	83,425		$	57,386		$	26,039	

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		$	57,386		$	60,839	
	
Balance	
$	‐		
$	15,748		
$	15,748	

154 Lots/ Per Lot = $

767.69

YTD Variance:	$	‐

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 		04/01/17 to 04/30/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

ASSET DETAIL MESSAGES

No reportable securities for this statement period

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 		04/01/17 to 04/30/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

ASSET DETAIL MESSAGES

No reportable securities for this statement period

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 	04/01/17 to 04/30/17	

Beginning Market Value	$89,015.21	
Investment Results		
Interest, Dividends and Other Income	6.60	
Total Investment Results	$6.60	
		
Ending Market Value	$89,021.81	

ASSET DETAIL AS OF 04/30/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

89,021.810	First American Government	89,021.81	89,021.81	100.0	234.70	
	Oblig Fd Cl Y	1.0000	1.00	.26 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$89,021.81	$89,021.81	100.0	$234.70	

Cash	

Principal Cash	

- 6.60	

- 6.60			
	
Income Cash	
6.60	
6.60			
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$89,021.81	$89,021.81

100.0	$234.70

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 only 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.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 04/01/2017	$.00	$.00	$.00	
Taxable Interest	6.60		6.60	
Net Money Market Activity		- 6.60	- 6.60	
Ending Cash Balance as of 04/30/2017	$6.60	- $6.60	$0.00	

TRANSACTION DETAIL

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 04/01/2017	$.00	$.00	$89,015.21	
04/03/17	Interest Earned On
First American Govt Oblig Fund Cl Y Interest From 3/1/17 To 3/31/17 31846V203	6.60			
04/04/17	Purchased 6.6 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/4/17
31846V203		- 6.60	6.60	
	Ending Balance 04/30/2017	$6.60	- $6.60	$89,021.81	

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 		04/01/17 to 04/30/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

ASSET DETAIL MESSAGES

No reportable securities for this statement period

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 	04/01/17 to 04/30/17	

Beginning Market Value	$46,278.13	
Investment Results		
Interest, Dividends and Other Income	3.43	
Total Investment Results	$3.43	
		
Ending Market Value	$46,281.56	

ASSET DETAIL AS OF 04/30/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

46,281.560	First American Government	46,281.56	46,281.56	100.0	122.02	
	Oblig Fd Cl Y	1.0000	1.00	.26 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$46,281.56	$46,281.56	100.0	$122.02	

Cash	

Principal Cash	

- 3.43	

- 3.43			
	
Income Cash	
3.43	
3.43			
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$46,281.56	$46,281.56

100.0	$122.02

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 only 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.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 04/01/2017	$.00	$.00	$.00	
Taxable Interest	3.43		3.43	
Net Money Market Activity		- 3.43	- 3.43	
Ending Cash Balance as of 04/30/2017	$3.43	- $3.43	$0.00	

TRANSACTION DETAIL

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 04/01/2017	$.00	$.00	$46,278.13	
04/03/17	Interest Earned On
First American Govt Oblig Fund Cl Y Interest From 3/1/17 To 3/31/17 31846V203	3.43			
04/04/17	Purchased 3.43 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/4/17
31846V203		- 3.43	3.43	
	Ending Balance 04/30/2017	$3.43	- $3.43	$46,281.56	

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 	04/01/17 to 04/30/17	

Beginning Market Value	$2,310,000.00	
Investment Results		
Interest, Dividends and Other Income	171.34	
Total Investment Results	$171.34	
		
Ending Market Value	$2,310,171.34	

ASSET DETAIL AS OF 04/30/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

2,310,171.340	First American Government	2,310,171.34	2,310,171.34	100.0	6,090.54	
	Oblig Fd Cl Y	1.0000	1.00	.26 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$2,310,171.34	$2,310,171.34	100.0	$6,090.54	

Cash	

Principal Cash	

- 171.34	

- 171.34			
	
Income Cash	
171.34	
171.34			
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$2,310,171.34	$2,310,171.34

100.0	$6,090.54

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 only 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.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 04/01/2017	$.00	$.00	$.00	
Taxable Interest	171.34		171.34	
Net Money Market Activity		- 171.34	- 171.34	
Ending Cash Balance as of 04/30/2017	$171.34	- $171.34	$0.00	

TRANSACTION DETAIL

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 04/01/2017	$.00	$.00	$2,310,000.00	
04/03/17	Interest Earned On
First American Govt Oblig Fund Cl Y Interest From 3/1/17 To 3/31/17 31846V203	171.34			
04/04/17	Purchased 171.34 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/4/17
31846V203		- 171.34	171.34	
	Ending Balance 04/30/2017	$171.34	- $171.34	$2,310,171.34	

000001144 03 SP

000638641919701 P

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

MARKET VALUE SUMMARY

Current Period
 		04/01/17 to 04/30/17	 Beginning Market Value		$29,427.91
Distributions	- 2,615.00
Adjusted Market Value	$26,812.91

Investment Results
Interest,  Dividends  and Other Income	2.33
Total Investment Results	$2.33
Ending Market Value	$26,815.24

ASSET DETAIL AS OF 04/30/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

26,815.240	First American Government	26,815.24	26,815.24	100.0	70.70	
	Oblig Fd Cl Y	1.0000	1.00	.26 **		
	#3763					
	31846V203					
Total Cash	Equivalents	$26,815.24	$26,815.24	100.0	$70.70	

Cash	

Principal Cash	

- 2.33	

- 2.33			
	
Income Cash	
2.33	
2.33			
	Total Cash	$0.00	$0.00	0.0		

Total Assets

$26,815.24	$26,815.24

100.0	$70.70

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 only 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.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 04/01/2017	$.00	$.00	$.00	
Taxable Interest	2.33		2.33	
Cash Disbursements		- 2,615.00	- 2,615.00	
Net Money Market Activity		2,612.67	2,612.67	
Ending Cash Balance as of 04/30/2017	$2.33	- $2.33	$0.00	

TRANSACTION DETAIL

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 04/01/2017	$.00	$.00	$29,427.91	
04/03/17	Interest Earned On
First American Govt Oblig Fund Cl Y Interest From 3/1/17 To 3/31/17 31846V203	2.33			
04/04/17	Purchased 2.33 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/4/17
31846V203		- 2.33	2.33	
04/05/17	Cash Disbursement
Paid To Imagemaster LLC Wire Transfer
Distribution Of POS And Os
Per Closing Memo Dtd 3/24/2017		- 1,250.00		
04/05/17	Sold 1,250 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/5/17
31846V203		1,250.00	- 1,250.00	
04/11/17	Cash Disbursement
Paid To Hopping Green Sams Pa Wire Transfer
District Counsel Fees
Per Closing Memo Dtd 3/24/2017		- 1,365.00		
04/11/17	Sold  1,365 Units Of
First American Govt Oblig Fund Cl Y Trade Date 4/11/17
31846V203		1,365.00	- 1,365.00	
	Ending Balance 04/30/2017	$2.33	- $2.33	$26,815.24	

EXHIBIT 3

RESOLUTION 2017-37

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2017/2018 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2017/2018 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 10, 2017

HOUR:	1:30 p.m.

LOCATION:	Barron Collier Companies
2600 Golden Gate Parkway Naples, FL 34105

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Collier County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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

PASSED AND ADOPTED THIS 6th DAY OF JUNE, 2017.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary

Its: 	

APPENDIX A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT	
O&M GENERAL FUND	
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE	
				
	BUDGET			
REVENUES				
ON‐ROLL ASSESSMENTS				
DEVELOPER CONTRIBUTION	$ 77,125		Unplatted Acres	
INTEREST REVENUE				
MISCELLANEIOUS REVENUE				
TOTAL REVENUES	$ 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	$	‐		Approximately $100/month	
ELECTRICITY	$ 1,200		Approximately $100/month Front Signage	
WATER USE MONITORING	$	‐		Cardno Entrix @ $200/month	
ENTRY MONUMENTS MAINTENANCE	$ 1,000		Pressure Cleaning, Painting, etc.	
WETLAND MONITORING	$	‐		Approximatly $100/month monitoring	
SFWMD ERP ANNUAL REPORT	$	‐		Annual	
LAKE MAINTENANCE	$	‐		$1,500 per month per lake	
TOTAL FIELD OPERATIONS EXPENDITURES	$ 2,200			
				
TOTAL EXPENDITURES	$ 77,125			
				
Balance	$	‐			
				
154 Lots =	$ 500.81	Per Lot	

Fronterra Community Development District	
Debt Service Fund ‐ Series 2017 Bonds	
FY 2012018 Proposed Budget	
				
REVENUE (1)				
Balance in Account (May 31, 2017)		$	‐		
Assessment Off‐Roll		$	98,566.46		
Assessment On‐Roll		$	86,546.16		
Capitalized Interest		$	‐		
Discounts		$	‐		
Total Revenue		$	185,112.62		
				
EXPENDITURES				
INTEREST EXPENSE				
November 1, 2017		$	73,837.50		
May 1, 2018		$	73,837.50		
PRINCIPAL				
May 1, 2018		$	35,000.00		
Total Expenditures		$	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	
				
(1) ‐ 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 4

April 20, 2017

Fronterra CDD
Mr. Jonathan Johnson Hopping Green and Sams 119 S Monroe St Suite 300
Tallahassee FL 32301

Dear Mr. Johnson,

JenniferJ. Edwards
Supervisor of Elections

In  compliance  with Chapter  190.06  Florida  Statutes,  this notice is to  inform you  that the official records  of the Supervisor of Elections of Collier County indicate Q_ registered voters residing in the
Fronterra CDD as of April 15, 2017.

Should you have any questions regarding election services for this district please feel free to contact our office.

Si0jB -
David B. Carpe nter MFCEP
Qualifying Officer
Collier County Supervisor of Elections
(239) 252-8501
DaveCarpenter@co lliergov.net

Rev Dr Martin Luther King Jr Building • 3750 Enterprise Avenue• Naples FL 34104 Phone: (239) 252-VOTE • Fax: (239) 774-9468 • www.CollierVotes.com