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

November 30, 2017

Board of Supervisors
Fronterra Community Development District Dear Board Members:
The Regular Meeting of the Board of Supervisors of the Fronterra Community Development District will be held on November 30, 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:

AUDIT COMMITTEE MEETING

Call to Order/Roll Call

Public Comment Period

Consideration of Advertisement and Evaluation Criteria	Exhibit 1

Adjournment

GENERAL DISTRICT ITEMS

Call to Order/Roll Call

Public Comment Period

Consideration of Resolution 2017-39 relating to the Designation of
Officers for the District and Providing for an Effective Date.	Exhibit 2

Consideration of Resolution 2017-40 Adopting the FY 2017-2018
Meeting Schedule.	Exhibit 3

ADMINISTRATIVE MATTERS

Consideration of August 8, 2017 Regular Meeting Minutes	Exhibit 4

Ratification of Cost Share Agreement Regarding Construction and
Operations and Maintenance Relative to Commercial Parcel	Exhibit 5

Ratification of Declaration of Easements Relative to
Commercial Parcel	Exhibit 6

ORGANIZATIONAL MATTERS

None to be considered at this time

CONSTRUCTION RELATED MATTERS

Construction Contract Management Update

BUDGETARY MATTERS

Consideration of October, 2017 Financial Statements	Exhibit 7

FINANCING MATTERS

None to be considered at this time

OTHER MATTERS

Staff Reports

District Manager

Website Update

District Counsel

District Engineer

Board Member Comments/Requests

Public Comments

Adjournment

EXHIBIT 1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Fronterra Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District’s financial records for the fiscal year ending September 30, 2017, with an option for two additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in Collier County, Florida, and has an annual operating budget of approximately $ 	.

The auditing entity submitting a proposal must be duly licensed under Chapter 473, Florida Statutes, and be qualified to conduct audits in accordance with “Government Auditing Standards,” as adopted by the Florida Board of Accountancy. Audits shall be conducted in accordance with Florida Law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include evaluation criteria and instructions to proposers, are available from the District’s Management Company at the address and telephone number listed below.

Proposers must provide one (1) electronic copy of their proposal to Real Estate Econometrics, Inc., 707 Orchid Drive, Suite 100, Naples, Florida 34102 (the “District Manager”) telephone (239)-269-1341, in an envelope marked on the outside “Auditing Services, Fronterra Community Development District.” Proposals must be received by
 	a/p.m. on 	, 	, 2018, at the office of the District Manager. Please direct all questions regarding this Notice to the District Manager.

Russell Weyer District Manager

Run date: must be published in at least one newspaper of general circulation in the District and the county in which the District is located. The public announcement must allow for at least 7 days for the submission of proposals.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS
District Auditing Services for Fiscal Year 2017
Collier County, Florida

INSTRUCTIONS TO PROPOSERS

SECTION 1.	DUE  DATE.	Sealed proposals must be received no later than
 	, , 2018, at a/p.m., at the offices of the District Manager, located at 707 Orchid Drive, Suite 100, Naples, Florida 34102, telephone 239- 269-1341. Proposals will be publicly opened at that time.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting  a  proposal,  the  Proposer is assumed to be familiar with all federal, state, and local laws, ordinances, rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3.  QUALIFICATIONS  OF  PROPOSER.  The  contract,  if  awarded,  will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

SECTION 4.	SUBMISSION   OF   ONLY ONE  PROPOSAL.	Proposers shall be
disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) electronic copy of the Proposal Documents, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Fronterra Community Development District” on the face of it.

SECTION 6.   MODIFICATION  AND  WITHDRAWAL.   Proposals  may  be  modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.

SECTION 7.  PROPOSAL DOCUMENTS.   The proposal documents shall consist of  the notice announcing the request for proposals, these instructions, the  Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

SECTION 8.    PROPOSAL.   In making its proposal, each Proposer represents that   it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS  OF  AWARD/RIGHT  TO  REJECT.  The  District  reserves  the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11.  LIMITATION  OF  LIABILITY.  Nothing herein shall  be construed as   or constitute a waiver of the District’s limited waiver of liability contained in Section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.

List the position or title of all personnel to perform work on the District audit. Include resumes for each person listed; list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.

Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

The lump sum cost of the provision of the services under the proposal, plus the lump sum cost of two (2) optional annual renewals.

SECTION 13. PROTESTS. In accordance with  the  District’s Rules of Procedure, any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) calendar hours (excluding Saturday, Sunday, and state holidays) after the receipt of the Proposal Documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturday, Sunday, and state holidays) after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Proposal Documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the  evaluation of proposals are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.

AUDITOR SELECTION EVALUATION CRITERIA (WITH PRICE)

Ability of Personnel.	(20 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.

Proposer’s Experience.	(20 Points)

This includes past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other community development districts in other contracts; character, integrity, reputation, of respondent, etc.

Understanding of Scope of Work.	(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

Ability to Furnish the Required Services.	(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.

Price.	(20 Points)

Points will be awarded based upon the lowest total bid for rendering the services and the reasonableness of the proposal.

AUDITOR SELECTION EVALUATION CRITERIA (WITHOUT PRICE)

Ability of Personnel.	(25 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.

Proposer’s Experience.	(25 Points)

This includes past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other community development districts in other contracts; character, integrity, reputation, of respondent, etc.

Understanding of Scope of Work.	(25 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

Ability to Furnish the Required Services.	(25 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.

EXHIBIT 2

RESOLUTION 2017-39

A RESOLUTION OF THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of Fronterra Community Development District desires to elect the below recited persons to the office specified.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
The following persons are appointed to the offices shown, to wit: David Genson	Chairman
Brian Goguen	Vice Chairman
Russ Weyer	Secretary
Russ Weyer	Treasurer
John English	Assistant Secretary
Mike Levak	Assistant Secretary
Jamie Lopez	Assistant Secretary

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 30th day of November, 2017.

ATTEST:

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

EXHIBIT 3

RESOLUTION 2017-40

A RESOLUTION OF THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2017-2018; AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Fronterra Community Development District (the “District”) is a local unit  of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, being situated entirely within Collier County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes to file quarterly, semiannually or annually a schedule (including date, time and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semiannually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the County in which the District is located.

WHEREAS, the Board desires to adopt a Fiscal Year 2017-2018 annual meeting schedule attached as Exhibit A.

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

The Fiscal Year 2017-2018 annual public meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and will be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 30th day of November, 2017.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
ATTEST:

Secretary / Assistant Secretary	Chairman / Vice Chairman

EXHIBIT “A”

BOARD OF SUPERVISORS MEETING DATES FRONTERRA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017-2018

The Board of Supervisors of the Fronterra Community Development District will hold their regular meetings for Fiscal Year 2017-2018 at the offices of the Barron Collier Companies, 2600 Golden Gate Parkway, Naples, FL 34105 at 1:30 p.m. unless otherwise indicated as follows:

November 30, 2017
December 21, 2017
January 18, 2018
February 15, 2018
March 22, 1018
April 19, 2018
May 17, 2018
June 21, 2018
July  19, 2018
August 16, 2018
September 20, 2018

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting.

There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at a meeting because of a disability or physical impairment should contact the District Office at (239) 269-1341 at least two calendar days prior to the meeting.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

EXHIBIT 4

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

4
5
6	MINUTES OF MEETING
7
Board of Supervisors Meeting
Thursday, August 8, 2017, 1:32 p.m.
2600 Golden Gate Parkway
Naples, FL 34105
12
13	Present and constituting a quorum were:
14
David Genson	Board Member
John English	Board Member
Jaime Lopez	Board Member 18
19	Absent was:
20
Mike Levak	Board Member
Brian Goguen	Board Member 23
24	Also present were:
25
Russ Weyer	District Manager, Real Estate Econometrics, Inc.
Jonathan Johnson	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
38	SECOND ORDER OF BUSINESS	Public Comments
39
Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public
Comment. 42
43	There were no public comments 44
45

1	THIRD ORDER OF BUSINESS	General District Items
2
3	There were no general District items to be considered. 4
5
6	FOURTH ORDER OF BUSINESS	Administrative Matters
7
8	1.	Consideration of the June 66, 2017 Regular Meeting Minutes.
9

On MOTION by Mr. Genson and seconded by Mr. Lopez with all in favor, the Board of Supervisors of the Fronterra Community Development District approved the minutes of the June 6, 2017 Fronterra Community Development District Regular Meeting.

10	There was no Board Discussion. 11
12
13
14
15
16
17	FIFTH ORDER OF BUSINESS	Organizational Matters
18
19	There were no organizational matters to be considered. 20
21
SIXTH ORDER OF BUSINESS	Construction-Related
Matters
24
2.	Consideration of the Cost Share Agreement between the Fronterra Community
Development District BC Naples Investments LLC
27
Mr. Weyer asked Mr. Johnson to give a brief explanation of the agreement. Mr. Johnson
said that this is an agreement that allows for BC Naples to pay for a portion of the
construction contracts that are allocable to the commercial area and it also deals with an
allocation and obligation to pay ongoing O&M. He said that legal counsel is comfortable
presenting it to the Board and recommended that the Board approve it in substantially final
form and authorize the Chair to approve any final changes to the extent that there are any
from BC Naples. 35
Mr. Genson said that BC Naples LLC has a potential buyer for the commercial parcel up
front and is there a way to determine an upfront one-time present value payment for the
O&M portion of the budget that would cover their share going forward. 39
Mr. Johnson pointed out that legally as a Board, they could determine that the value of that
cash up front and the ability to invest it at whatever rate is a good deal and could be used for
reserves or whatever in the meantime so legally make that decision in terms of calculating
that present value then they can do it. 44

Mr. Robson noted that storm water and irrigation would be the two items that should be
considered for the commercial O&M portion as the other O&M items are not directly related
to the commercial area. 4
Mr. Genson asked what items will be in the District’s O&M going forward. Mr. Weyer said
that the O&M is mostly administrative costs, signage and irrigation at the front entrance. 7

On MOTION by Mr. Genson and seconded by Mr. English, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted in substantial final form and authorizing the Chair to approve any final changes the Cost Share Agreement with BC Naples Investments LLC.

8	There was no further discussion. 9
10
11
12
13
14
15
16	SEVENTH ORDER OF BUSINESS	Budgetary Matters
17
18	3.	Consideration of the July 2017 Financial Statements.
19
Mr. Weyer presented the District financial statements through July 31, 2017. He said that
the District is in good shape financially and the District has about $6,600 in the general fund
financially and we have only had one draw against the bond fund to date as shown in the US
Bank Statements attached. 24

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

25	There was no further discussion. 26
27
28
29
30
Mr. Weyer opened the Public Hearing on the FY 2017-2018 District Budget. There was no
Public Comment.
33
4.	Consideration of Resolution 2017-38 – The Annual Appropriation Resolution of the
Fronterra Community Development District Relating to the Annual Appropriations
and Adopting the Budgets for the Fiscal Year Beginning October 1, 2017, and ending
September 30, 2017; Authorizing Budget Amendments; and Providing an Effective
Date.
39
40
Mr. Weyer read the Resolution into the record. Mr. Weyer explained the various line items
and noted that most of the costs are located on the administrative side and minimal in the
field operations side. 44
He also briefly explained the debt side of the Budget and said that this year will primarily
be funded by the Developer as the project is still in its infancy.

1

On MOTION by Mr. Genson and seconded by Mr. Lopez, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted Resolution 2017-38 – Adoption of FY 2017-2018 Budget.

2	There was no further discussion. 3
4
5
6
7
8	Mr. Weyer then closed the Public Hearing.
9
10	5.	Consideration of the FY 2017-2018 Budget Developer Funding Agreement.
11
Mr. Johnson said that this agreement is in the form that the Board previously approved and
used and that we just changed the dates so he recommended approval. 14

On MOTION by Mr. Genson and seconded by Mr. Lopez, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted the FY 2017-2018 Budget Developer Funding Agreement.

15	There was no further discussion. 16
17
18
19
20
21	6.	Consideration to Establish an Audit Committee.
22
Mr. Weyer said that with the bonds, the District will be over $100,000 this fiscal year so it
will be required to perform an independent audit of the District financials. Mr. Johnson said
that the District Board needs to create an audit committee and that committee will come up
with criteria and soliciting proposals for this work. Mr. Johnson also recommended that this
Board also serve as the Audit Committee given the limited scope of this District. 28

On MOTION by Mr. Genson and seconded by Mr. English, with all in favor, the Board of Supervisors of the Fronterra Community Development District voted to Create an Audit Committee Chaired by Mr. Lopez.

29	There was no further discussion. 30
31
32
33
34
35	EIGHTH ORDER OF BUSINESS	Financing Matters
36
37	There were no financing matters to be considered. 38
39

1	NINTH ORDER OF BUSINESS	Staff Reports
2
3	6.	Staff Reports
4
5	A.	Manager’s Report –
6
7	Website is still being created. 8
9	The Pepper Parcel Survey Agreement has been signed. 10
11	Mr. Weyer had nothing further to report. 12
13	B.	Attorney’s Report –
14
15	Mr. Johnson had nothing further to report. 16
17	C.	Interim Engineer’s Report –
18
Mr. Dobson said that we have processed two bond requisitions and that we have
the process worked out and we keep moving forward. 21
22
23	NINTH ORDER OF BUSINESS	Supervisors’ Requests
24
25		There were no supervisors’ requests. 26	.
27
28	TENTH ORDER OF BUSINES	Public Comments
29
30	There were no public comments. 31
32
33	ELEVENTH ORDER OF BUSINESS	Adjournment

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

34
35
36
37
38
39
40
41	 		 		
42	Secretary/Assistant Secretary	Chairperson/Vice-Chairperson	
43			
44			
45	 		 		
46	Print Name	Print Name	

EXHIBIT 5

Prepared By and Return To:

Lindsay C. Whelan, Esq. Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301

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, and any successors-in-title to such entity relative to the Commercial Parcel defined herein (“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 depicted on the attached Exhibit A, which property benefits from the District’s construction, operation and maintenance of certain Phase 1 roadway, stormwater management, onsite and offsite preserve areas, 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”) as may be revised from time to time; and

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

WHEREAS, 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 construction of 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 remitted pursuant to this Section 2 shall be placed in the District’s Acquisition and Construction Account held by the trustee for the benefit of the District.

Should the construction of 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 construction of 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. BC Naples shall be solely responsible for the operation and maintenance of the infrastructure comprising the Commercial Tasks, and the cost thereof.

Funding of District Improvements.

Construction of District Improvements.

The parties hereby acknowledge and agree that the Commercial Parcel benefits from the construction of the District Improvements.  In furtherance thereof, BC Naples shall remit its proportionate share of the costs necessary for the construction of the District Improvements in an amount equal to Two Hundred Twenty-One Thousand Two Hundred and Ninety Dollars ($221,290.00), of which Fourteen Thousand Eight Hundred and Seven Dollars and Forty-Three Cents ($14,807.43) has been previously remitted by BC Naples directly to the applicable contractor(s), as shown in more detail in the attached Exhibit C (the “Construction Reimbursement Allocation”).

BC Naples shall remit payment to the District for the Construction Reimbursement Allocation either: i) in a lump sum payment due to the District within sixty (60) days of the effective date of this Agreement; or
ii) in installment payments due 25% by January 1, 2018, 25% by February 1, 2018, 25% by March 1, 2018 and 25% by April 1, 2018. The funds remitted pursuant to this Section 3(A) shall be placed in the District’s Acquisition and Construction Account held by the trustee for the benefit of the District.

Operation and Maintenance of District Improvements

The parties hereby acknowledge and agree that the Commercial Parcel benefits from the operation and maintenance of the District Improvements. In furtherance thereof, BC Naples shall remit a proportionate share of the anticipated aggregate costs necessary for the operation and maintenance of such improvements in an amount equal to Seventeen Thousand Three Hundred Ninety-Five Dollars and Thirty Seven Cents ($17,395.37) which reflects the net present value of seven (7%) percent of the field costs annually incurred by the District (the “O&M Reimbursement Allocation”).

BC Naples shall remit payment to the District for the O&M Reimbursement Allocation either: i) in a lump sum payment due to the District within one- hundred and twenty (120) days of the effective date of this Agreement; or ii) in installment payments due 25% by January 1, 2018, 25% by February 1, 2018, 25% by March 1, 2018 and 25% by April 1, 2018. Notwithstanding the foregoing, the O&M Reimbursement Allocation shall be paid in full to the District at or prior to the closing on the sale of the Commercial Parcel by BC Naples. The funds shall be placed in the District’s general operating account with such depository as determined by the District.

In consideration of BC Naples remitting the O&M Reimbursement Allocation to the District as a lump sum payment rather than as an annual recurring payment, thereby reducing the amount of District staff time and cost associated with the collection of such allocation, upon the District’s receipt of the full payment of the O&M Reimbursement Allocation, the District hereby

waives any future right of reimbursement from the owner of the Commercial Parcel (including its successors in title) for any and all operations, maintenance, repair and/or replacement costs relative to the District Improvements, and upon request shall confirm the same in writing to BC Naples.

Establishment of Lien on Commercial Parcel. By execution of this Agreement, the parties agree that the District shall have the right to file a continuing lien (the “Lien”) upon the real property comprising the Commercial Parcel described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expert witness 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 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 Relative to Cost Share Agreement” 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 Relative to the Cost Share Agreement 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 Commercial Parcel to pay the amount due under this Agreement, or may foreclose the Lien against the Commercial Parcel in any manner authorized by law. The District may partially release any filed Lien for portions of the Commercial Parcel subject to a plat if and when BC Naples has 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 BC Naples sells any portion of the Commercial Parcel after the execution of this Agreement, BC Naples’ rights and obligations under this Agreement shall transfer to the subsequent owner of such property.

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: Brian Goguen

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.

Binding Effect. The terms of this Agreement and all of the provisions, representations, covenants, and conditions contained herein shall be binding upon and inure to the benefit of the District and BC Naples, and its respective representatives, successors, and assigns. This Agreement is a covenant which shall run with the land relative to the Commercial Parcel identified in Exhibit A herein. Upon the full execution of hereof, this Agreement shall be recorded in the public records of Collier County, Florida.

[Continued on Next Page]

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

Witnesses:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Name: 		Chairman, Board of Supervisors

Name: 	

STATE OF FLORIDA
COUNTY OF  	

The	foregoing	instrument	was	acknowledged	before	me	this	 	day	of
 	, 2017, by David Genson, as Chairman of the Fronterra Community Development District, a local unit of special-purpose government established pursuant to Chapter   190,   Florida   Statutes.      He   is   personally   known   to   me   or   has   produced
 	as identification.

(Signature of Notary Public)

(Typed name of Notary Public)
Notary Public, State of Florida
Commission No.: 	                                          My Commission Expires: 	

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

Name: 		Brian Goguen, Chief Operating Officer

Name:  	

STATE OF FLORIDA
COUNTY OF  	

The	foregoing	instrument	was	acknowledged	before	me	this	 	day	of
 	, 2017, by Brian Goguen, as Chief Operating Officer of Barron Collier Management,   LLC,   on  its  behalf.	He   is   personally   known   to   me   or   has produced
 	as identification.

Witnesses:

Name: 		Brad Boaz, Chief Financial Officer

Name:  	

STATE OF FLORIDA
COUNTY OF  	

The	foregoing	instrument	was	acknowledged	before	me	this	 	day	of
 	, 2017, by Brian Boaz, as Chief Financial Officer of Barron Collier Management,   LLC,   on  its  behalf.	He   is   personally   known   to   me   or   has produced
 	as identification.

Exhibit A

Description of Commercial Parcel

Tract “A” as shown on the Fronterra Phase 1 plat, recorded in the Official Records of Collier County, Florida at Plat Book 63, Pages 13 through 15.

Exhibit B

List of Existing and Anticipated Construction Contracts

Contractor	Services Provided	Agreement Date	
Earth Tech Enterprises	Earthwork and Paving- Phase 1 and Commercial	2/1/2017	
Jensen Underground Utilities	Drainage, Potable Water, Sanitary Sewer and Irrigation	2/1/2017	
To Be Determined	Entry Road Irrigation, Lighting and Landscaping	To Be Determined	

Exhibit C

Cost-Share Allocation for Construction of District Improvements

EXHIBIT 6

This instrument prepared without opinion of title by, and after recording return to:

Matthew L. Grabinski, Esq.
Coleman, Yovanovich & Koester, P.A. Northern Trust Bank Building
4001 Tamiami Trail North, Suite 300 Naples, Florida 34103
(239) 435-3535

DECLARATION OF EASEMENTS

THIS   DECLARATION   OF   EASEMENTS   (this   “Declaration”)   is  made  this 	day of
 	, 2017, by CCC Fronterra, LLC,  a  Florida  limited  liability  company  (“CCC”)  and BC Naples Investments, LLP, a Florida limited liability partnership (“BCN,” and together  with  CCC,  the “Owners”), and is joined by Fronterra Community Development District, a local unit      of special-purpose government established pursuant to Chapter 190, Florida Statutes,  and located entirely within Collier County, Florida (the “CDD”).

ARTICLE I: BACKGROUND & GENERAL PROVISIONS

Background. CCC is the owner or contract purchaser of that certain property located in Collier County, Florida, more particularly described on Exhibit “A”, attached hereto and incorporated herein by reference (“Residential Parcel”). BCN is the owner of that certain property located in Collier County, Florida, more particularly described on Exhibit “B”, attached hereto and incorporated herein by reference (“Commercial Parcel,” and together with the Residential Parcel, each a “Parcel” and collectively the “Property”), which Commercial Parcel lies adjacent to and immediately south of the Residential Parcel.
.

Covenant Running With the Property. The Property shall be conveyed, owned, and used subject to the provisions of this Declaration, which shall run with the title to the Property (and portions thereof) and shall be binding upon and inure to the benefit of the Owners, their successors, successors-in-title, and assigns.

1.3 Not all Property Within Boundaries of CDD: For the avoidance of doubt, it is recognized that the Residential Parcel is located within the boundaries of the CDD, and the Commercial Parcel is NOT located within the boundaries of the CDD.

ARTICLE II: DEFINITIONS

Board: the body responsible for the administration of the CDD.

Permits: all permits and approvals issued by the SFWMD, U.S. Army Corps of Engineers, and/or the Florida Department of Environmental Protection with respect to the System, including, without limitation, the SFWMD Permit.

SFWMD: the South Florida Water Management District.

SFWMD Permit: the permit issued by SFWMD for the System.

Shared Entrance Area: the area of access off of Collier Boulevard located upon the Residential Parcel which is used for shared and joint access to the Property, as more particularly described and depicted on Exhibit “C”, attached hereto and incorporated herein by reference.

Shared Maintenance Components: the Shared Entrance Area and the System.

Shared Maintenance Costs: the costs and expenses incurred by or on behalf of the CDD in the operation and maintenance of the Shared Maintenance Components.

System: any preserve areas (including off-site preserve areas required by the SFWMD Permit) all as described in the Permit.

ARTICLE  III: EASEMENTS1

Easements of Encroachment. There is hereby reserved reciprocal appurtenant easements of encroachment, and for maintenance and use of any permitted encroachment, between each Parcel and any adjacent portion of the System due to the unintentional placement or settling or shifting of the improvements constructed, reconstructed, or altered thereon (in accordance with the terms of this Declaration) to a distance of not more than five feet (5’), as measured from any point on the common boundary along the line perpendicular to such boundary. However, in no event shall an easement for encroachment exist if such encroachment occurred due to the willful and knowing conduct on the part of, or with the knowledge and consent of, an Owner or the CDD.

Easements for Cross Drainage. Each Parcel and the System shall be burdened with easements for natural drainage of storm water run-off from other portions of the Property in accordance with applicable Permits; provided, however, nothing contained herein shall prohibit an Owner from developing its Parcel in accordance with plans and specifications approved by the applicable governmental authorities.

Easements for Access. A perpetual, non-exclusive easement for vehicular and pedestrian ingress and egress (including, without limitation, construction traffic) in favor of the Owner of the Commercial Parcel, together with its tenants, occupants, licensees, invitees and contractors, is hereby created over the Shared Entrance Area; provided, however, to the extent Commercial Owner or its tenants, occupants, licensees, invitees or contractors causes damage to the improvements or roadway facilities which comprise the Shared Entrance Area, the Commercial Owner shall be shall be solely responsible for the cost to repair and/or replacement of such damaged area(s).2

Easement for Maintenance. The CDD is hereby granted a perpetual, non-exclusive easement upon, across, above, and under the portions of the Property (but excluding any buildings or other vertical improvements as the same may be reconfigured from time to time) in order to operate, maintain or repair, in accordance with this Agreement and the Permits, any portion of the Shared Maintenance Components. Except in an emergency situation, entry shall only be during reasonable hours and after notice to the Owner(s) of the applicable Parcel(s).

1 This section needs to be reviewed by the business people to confirm that it is necessary and acceptable.
2 If Shared Entrance Area is on Residential Parcel then the Owner thereof doesn’t need an easement. Are the rights of Commercial Owner not included in the plat?

ARTICLE IV: ALTERATIONS

4.1  Alteration.  The System may not be altered from its original, designed configuration without the  prior written approval of the CDD, SFWMD and any other applicable governmental or quasi- governmental agencies. No improvements other than those approved by such Parties shall be constructed or otherwise located within the System.

ARTICLE V: MAINTENANCE OF SHARED MAINTENANCE COMPONENTS

Maintenance by the CDD. The CDD shall maintain, preserve, operate, and keep in good repair the Shared Maintenance Components. The CDD may contract with any person or entity for the management of all or any part of the Shared Maintenance Components, for purposes of carrying out all or a portion of the maintenance services provided for in this Declaration.

Shared Maintenance Costs. BC Naples shall be responsible for payment of a portion of the field costs incurred by the CDD associated with the maintenance, operation, repair and/or replacement of the Shared Maintenance Facilities as set forth in more detail in that certain Cost Share Agreement between Fronterra Community Development District and BC Naples, dated October
 	, 2017 and recorded in the Official Records of Collier County, Florida as Instrument No.
 	. The CDD shall have the right to seek reimbursement of the balance of such costs not payable by BC Naples through assessment of the land within the CDD.

ARTICLE VI: MISCELLANEOUS PROVISIONS

Duration. The covenants and restrictions of this Declaration shall run with and bind the Property and shall inure to the benefit of and be enforceable by the CDD or any Owner of a Parcel or portion thereof for an initial period of thirty (30) years form the date of recordation of this consolidated Declaration; thereafter the covenants and restrictions shall be automatically extended for additional periods of ten (10) years each, unless otherwise terminated or modified by amendment as hereinafter provided.

Enforcement. The CDD, or any Owner, shall have the right to enforce, by proceedings at law or in equity, all requirements, restrictions, conditions, covenants, easements and reservations, now or hereafter imposed by the provisions of this Declaration, and shall be entitled to recover all expenses, costs and attorney’s fees related thereto. Failure by the CDD, or by any Owner to enforce any covenant or restriction herein contained shall in no event be deemed a waiver of the right to do so thereafter.

Severability. Invalidation of any one of these covenants or restrictions by judgment or court order shall in no way affect any other provisions which shall remain in full force and effect.

Amendments. This Declaration, or any provision of it, may only be amended, or modified as to the whole or any portion of the Property, upon the written consent of: (1) the CDD, (2) the Owner(s) of each Parcel, and (3) SFWMD (?).

Public Records. The Owners understand and agree that all documents of any kind provided to the CDD or to CDD staff in connection with the work contemplated under this Declaration are

public records and are treated as such in accordance with Florida law and the CDD’s Record Retention Schedule.

6.6. Sovereign Immunity. The Owners agree that nothing in  the Declaration  between  the parties shall constitute or be construed as a waiver of the CDD’s limitations on liability contained in Section 768.28, Florida Statutes, or other statute.

EXHIBITS

Exhibit “A” – Residential Parcel Exhibit “B” – Commercial Parcel Exhibit “C” – Shared Entrance Area

Signatures appear on the following page.

IN WITNESS WHEREOF, Owners and the CDD have executed this Declaration this 	day of
 	, 2017.

WITNESSES:	CCC:

Print Name: 	

CCC FRONTERRA, LLC, A FLORIDA LIMITED LIABILITY COMPANY

Print Name: 	

By:		 Print Name:_ 		 Title: 	

STATE OF FLORIDA
COUNTY OF  	

The foregoing instrument was acknowledged before me this 	day of 	, 2017, by 	, as 		of CCC Fronterra, LLC, a Florida limited liability company, on behalf of the company, who is personally known to me or who has produced 		as identification.

[NOTARY SEAL]

NOTARY PUBLIC
Print Name:  	
My Commission Expires: 	

WITNESSES:	BC NAPLES INVESTMENTS, LLP, A FLORIDA LIMITED LIABILITY PARTNERSHIP

Print Name: 		By:  	
Name:  	
Its:  	

Print Name: 	

STATE OF FLORIDA COUNTY OF COLLIER

The foregoing instrument was acknowledged before me this 		day of 	, 2017, by 		, as 	of BC Naples Investments, LLP, a Florida limited liability partnership, on behalf of the partnership, who is personally known to me or who has produced 	as identification.

[NOTARY SEAL]

NOTARY PUBLIC
Print Name:  	
My Commission Expires: 	

Witnesses:

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Print Name: 	

By:_	 Print Name: 	 Chairman, Board of Supervisors

Print Name:_ 	

Attest:

Secretary/Assistant Secretary

STATE OF FLORIDA
COUNTY OF  	

The foregoing instrument was acknowledged before me this 	day of 	, 2017,   by   _ 		, as Chairman, Board of Supervisors of Fronterra Community Development District, on behalf of the CDD, who is personally known to me or who has produced 	as identification.

[NOTARY SEAL]

NOTARY PUBLIC
Print Name:  	
My Commission Expires: 	

EXHIBIT 7

Fronterra Community Development District
Cash Flow
October 2016 through September 2017

Oct '16 - Sep 17
Income
Off Roll Assessments	95,065.00
Total Income	95,065.00

Gross Profit	95,065.00
Expense Administrative
Bank Fees	227.24
Engineering Services	8,882.50
Insurance- General Liability	9,569.00
Legal Advertising	15,921.78
Legal Services	27,164.08
Management  Consulting Services	26,100.87
Office Expense	13.58
Total Administrative	87,879.05

Total Expense	87,879.05
Net Income	7,185.95

Fronterra Community Development District
Balance Sheet
As of September 30, 2017

Sep 30, 17
ASSETS
Current Assets Checking/Savings
1Cash	10,973.95
Total Checking/Savings	10,973.95

Total Current Assets	10,973.95
TOTAL ASSETS	10,973.95 LIABILITIES & EQUITY
Liabilities
Current Liabilities Accounts Payable
Account Payable 201	3,788.00
Total Accounts Payable	3,788.00

Total Current Liabilities	3,788.00
Total Liabilities Equity	3,788.00	
Net Income	7,185.95	
Total Equity	7,185.95	
TOTAL LIABILITIES & EQUITY	10,973.95

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING September 30, 2017

YTD VARIANCE
APPROVED	ACTUAL	FAVORABLE
BUDGET	YEAR-TO-DATE	(UNFAVORABLE)
REVENUES
ON-ROLL ASSESSMENTS		
OFF-ROLL ASSESSMENTS		$	118,225		$	95,065		$	23,160	
INTEREST REVENUE
MISCELLANEIOUS REVENUE							
TOTAL REVENUES		$	118,225		$	95,065		$	23,160	

EXPENDITURES							
ADMINISTRATIVE							
BOARD OF SUPERVISORS PAYROLL							
PAYROLL TAXES							
PAYROLL SERVICE FEE							
MANAGEMENT CONSULTING SERVICES		24,000		24,000		$	-	
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		9,569		$	(4,569)	
LEGAL ADVERTISING		3,000		15,922		$	(12,922)	
REGULATORY AND PERMIT FEES		175		-		$	175	
LEGAL SERVICES		25,000		27,164		$	(2,164)	
ENGINEERING SERVICES - General		5,000		8,883		$	(3,883)	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES		2,500		-		$	2,500	
TOTAL ADMINISTRATIVE EXPENDITURES		$	83,425		$	85,878		$	(2,453)	

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		$	85,878		$	32,347	
	
Balance	
$	-		
$	9,187		
$	9,187	

Fronterra Community Development District
Cash Flow
October 2017

Oct 17
Expense Administrative
District Filing Fee	175.00	
Engineering Services	525.00	
Management Consulting Services	2,051.20	
Total Administrative	2,751.20	

Total Expense	2,751.20
Net Income	-2,751.20

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

Oct 31, 17
ASSETS
Current Assets Checking/Savings
1Cash	4,434.75
Total Checking/Savings	4,434.75

Total Current Assets	4,434.75
TOTAL ASSETS	4,434.75 LIABILITIES & EQUITY
Equity
Retained Earnings	7,185.95	
Net Income	-2,751.20	
Total Equity	4,434.75	
TOTAL LIABILITIES & EQUITY	4,434.75

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

YTD VARIANCE
APPROVED	ACTUAL	FAVORABLE
BUDGET	YEAR-TO-DATE	(UNFAVORABLE)
REVENUES		
ON-ROLL ASSESSMENTS		
OFF-ROLL ASSESSMENTS		$	77,125		$	-		$	77,125	
INTEREST REVENUE
MISCELLANEIOUS REVENUE							
TOTAL REVENUES		$	77,125		$	-		$	77,125	

EXPENDITURES							
ADMINISTRATIVE							
BOARD OF SUPERVISORS PAYROLL							
PAYROLL TAXES							
PAYROLL SERVICE FEE							
MANAGEMENT CONSULTING SERVICES		24,000		2,000		$	22,000	
ASSESSMENT ADMINISTRATION		8,500		-		$	8,500	
ASSESSMENT ROLL PREPARATION		2,500					
OFFICE EXPENSE		250		-		250	
STORAGE FEES		900					
BANK CHARGES		-		-		$	-	
AUDITING		5,000		-		$	5,000	
INSURANCE (Liability, Property & Casuality)		5,000		-		$	5,000	
LEGAL ADVERTISING		3,600		-		$	3,600	
REGULATORY AND PERMIT FEES		175		175		$	-	
LEGAL SERVICES		20,000		-		$	20,000	
ENGINEERING SERVICES - General		7,500		525		$	6,975	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES		2,500		52		$	2,449	
TOTAL ADMINISTRATIVE EXPENDITURES		$	79,925		$	2,752		$	73,774	

FIELD OPERATIONS							
FIELD OPERATIONS MANAGEMENT STAFF							
LANDSCAPING & FIELD MAINTENANCE		$	-		$	-		$	-	
LANDSCAPE REPLACEMENT		$	-		$	-		$	-	
LANDSCAPE MULCHING		$	-		$	-		$	-	
IRRIGATION REPAIRS		$	-		$	-		$	-	
ELECTRICITY		$	1,200		$	-		$	1,200	
WATER USE MONITORING							
ENTRY MONUMENTS MAINTENANCE		$	1,000		$	-		$	1,000	
WETLAND MONITORING		$	-		$	-		$	-	
SFWMD ERP ANNUAL REPORT		$	-		$	-		$	-	
LAKE TESTING		$	-					
SABLE PALM CULVERTS CLEANING
LAKE MAINTENANCE		$	-
$	-				
$	-	
TOTAL FIELD OPERATIONS EXPENDITURES		$	2,200		$	-		$	2,200	
							
TOTAL EXPENDITURES		$	82,125		$	2,752		$	75,974	
	
Balance	
$	(5,000)		
$	(2,752)		
$	(2,752)	

10:47 AM
11/06/17

Fronterra Community Development District
Reconciliation Summary
1Cash, Period Ending 10/31/2017

Beginning Balance Cleared Transactions
Checks and Payments • 3 items Total Cleared Transactions
Cleared Balance
Uncleared Transactions
Checks and Payments • 2 Items
Total Uncleared Transactions

Register Balance as of 10/31/2017 Ending Balance

Oct 31, 17

10,973.95

-4,313.00

-4,313.00

6,660.95

-2,226.20

-2,226.20

4,43-4.75

4,4 34.75

0

10:48 AM
11/06/17

Fronterra Community Development District
Reconciliation Detail
1Cash, Period Ending 10/31/2017
Type	Date	Num	Name	Cir	Amount	Belance Beginning Balance							10,973.95
Cleared Transactions

Bill Pmt -Check	10/02/2017	1036	Real Estate Econo•••	X	- 2,000.00	-2,000.00	
Bill Pmt -Check	10/02/2017	1035	Johnson Engineerin...	X	-750.00	-2,750.00	
Bill Pmt-Check	10/13/2017	1037	Hopping Green & S...	X	-1,563.00	-4,313.00	
Total Checks and Payments	-4,313.00	-4,313.00	

Checks and Payments - 3 Items	/

Total Cleared Transactions			, -4,313.00	-4,313.00	
Cleared Balance
Uncleared Transactions			
-4.313.00	6,660.95	
Checks and Payments - 2 Items
Bill Pmt-Check	10/31/2017	1039	
Real Estate Econo...	
-2,051.20	
-2,051.20	
Bill Pmt-Check	10/31/2017	1038	FloridaDepartment ...	-175.00	-2,226.20	
Total Checks and Payments			- 2,226.20	-2,226.20	
Total Uncleared Transactions			-2,226.20	- 2,226.20	

Register Balance as of 10/3112017			
-6,539.20	
4,434.75	

Ending Balance			
-6,539.20	4,434.75	

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Integrity Bank

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First Florida

Date 10/31/17	Page	1
FRON'fERRA COMMUNITY DEVELOPMENT DISTRICT 707 ORCHID DR STE 100
NAPLES FL 34102

CHECKING ACCOUNTS	-	-

30
8,028.01
8,028.01

Days in the Statement Period Average Ledger
Average Collected

Statement Dates 10/02/17 thru 10/31/17

XXXXXXX4564 10,973.95
.00
4,313.00
.00
.00
6,660.95....

3

Number of Enclosures

PUBLIC COMMERCIAL CHECKING
Accounts Beginning Balance
Deposits/Credits
3 Checks/Debits Service Charge Interest Paid Ending Balance

Date	Check#	Amount Date	Check#	Amount	
10/04	1035
10/03	1036
Denotes missing check numbers	" 750.00 10/26
2,000.00	1037	..,1 , 563.00	

Date
10/02
10/03

Balance	Date
10,973.95 10/04
8,973.95 10/26

Balance
8,223.95
6,660.95

END OF STATEMENT

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ndearing Check	1035 Dale: 10/04 Amount $750.00

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eatingCheck	1036 Date; 10/03 Amount $2,000 .00

lnciearing Clled( 1035 Date; 10/04 Amotlnt $750.00

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O,m ·- 1 0 / 02117

lncleariog Checll	1036   Date: 10/03   Amount: $2,000.00	

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- -

lndoaring Check	1037    Dale: 10/26  Amount $1,563.00	lnclearing Checll 1037 Dale; 10/26 Amount $1,563.00

00- -M -PH-PC -305-01	2834
0122435-00-01658-01	Page 1 of 3
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 REVENUEACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122435-00-01658-01	Page 2 of 3
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 REVENUEACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M -PH-PC -305-01	00283401	2834
0122435-00-01658-01	Page 3 of 3
ACCOUNT NUMBER: 275143000
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 REVENUEACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

00- -M -PH-PC -305-01	2834
0122423-00-01658-01	Page 1 of 3
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122423-00-01658-01	Page 2 of 3
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M -PH-PC -305-01	00283401	2834
0122423-00-01658-01	Page 3 of 3
ACCOUNT NUMBER: 275143001
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
INTERESTACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

l "f¾t

00- -M -PH-PC -305-01	2834
0122425-00-01658-01	Page 1 of 5
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122425-00-01658-01	Page 2 of 5
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$74,096.56
Contributions	23.32
Adjusted Market Value	$74,119.88
Investment Results
Interest,  Dividends  and Other Income	37.33
Total Investment Results	$37.33
Ending Market Value	$74,157.21

00- -M -PH-PC -305-01	00283401	2834
0122425-00-01658-01	Page 3 of 5
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL AS OF 10/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

74,157.210	First American Government	74,157.21	74,157.21	100.0	468.97	
	Oblig Fd Cl Y	1.0000	1.00	.63 **		
	#3763					
	31846V203					
Total Cash Equivalents	$74,157.21	$74,157.21	100.0	$468.97	
					
Total Assets	$74,157.21	$74,157.21	100.0	$468.97	

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 -PH-PC -305-01	00283401	2834
0122425-00-01658-01	Page 4 of 5
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT

CASH SUMMARY

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

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 10/01/2017	$.00	$.00	$.00	
Taxable Interest	37.33		37.33	
Cash Receipts		23.32	23.32	
Transfers	- 37.33	37.33		
Net Money Market Activity		- 60.65	- 60.65	
Ending Cash Balance as of 10/31/2017	$0.00	$0.00	$0.00	

00- -M -PH-PC -305-01	00283401	2834
0122425-00-01658-01	Page 5 of 5
ACCOUNT  NUMBER: 275143002
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 CAPITALIZED INTERESTACCOUNT

TRANSACTION DETAIL

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

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 10/01/2017	$.00	$.00	$74,096.56	
10/02/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 9/1/17 To 9/30/17 31846V203	37.33			
10/03/17	Cash Disbursement Transfer To Principal	- 37.33			
10/03/17	Cash Receipt
Transfer From Income		37.33		
10/03/17	Cash Receipt
Transfer From Another  Trust Paid From Account # 275143004
Reserve Acct Earnings To Cap Int Acct		23.32		
10/03/17	Purchased 60.65 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/3/17 31846V203		- 60.65	60.65	
	Ending Balance 10/31/2017	$0.00	$0.00	$74,157.21	

00- -M -PH-PC -305-01	2834
0122427-00-01658-01	Page 1 of 3
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122427-00-01658-01	Page 2 of 3
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$0.00

Ending Market Value	$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

00- -M -PH-PC -305-01	00283401	2834
0122427-00-01658-01	Page 3 of 3
ACCOUNT NUMBER: 275143003
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
SINKING FUND ACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL MESSAGES

No reportable securities for this statement period

00- -M -PH-PC -305-01	2834
0122429-00-01658-01	Page 1 of 5
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122429-00-01658-01	Page 2 of 5
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$46,278.13
Distributions	- 23.32
Adjusted Market Value	$46,254.81

Investment Results
Interest,  Dividends  and Other Income	23.32
Total Investment Results	$23.32

Ending Market Value	$46,278.13

00- -M -PH-PC -305-01	00283401	2834
0122429-00-01658-01	Page 3 of 5
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL AS OF 10/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

46,278.130	First American Government	46,278.13	46,278.13	100.0	292.66	
	Oblig Fd Cl Y	1.0000	1.00	.63 **		
	#3763					
	31846V203					
Total Cash Equivalents	$46,278.13	$46,278.13	100.0	$292.66	
					
Total Assets	$46,278.13	$46,278.13	100.0	$292.66	

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 -PH-PC -305-01	00283401	2834
0122429-00-01658-01	Page 4 of 5
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT

CASH SUMMARY

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

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 10/01/2017	$.00	$.00	$.00	
Taxable Interest	23.32		23.32	
Cash Disbursements	- 23.32		- 23.32	
Ending Cash Balance as of 10/31/2017	$0.00	$0.00	$0.00	

00- -M -PH-PC -305-01	00283401	2834
0122429-00-01658-01	Page 5 of 5
ACCOUNT NUMBER: 275143004
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017 RESERVEACCOUNT

TRANSACTION DETAIL

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

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 10/01/2017	$.00	$.00	$46,278.13	
10/02/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 9/1/17 To 9/30/17 31846V203	23.32			
10/03/17	Cash Disbursement
Paid To Account # 275143002 Transfer To Another Trust
Reserve Acct Earnings To Cap Int Acct	- 23.32			
	Ending Balance 10/31/2017	$0.00	$0.00	$46,278.13	

00- -M -PH-PC -305-01	2834
0122431-00-01658-01	Page 1 of 5
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122431-00-01658-01	Page 2 of 5
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT

MARKET VALUE SUMMARY

This statement is for the period from October 1, 2017 to October 31, 2017
Current Period
 	10/01/17 to 10/31/17	

Beginning Market Value		$1,988,499.97	
Contributions		26,883.54	
Adjusted Market Value		$2,015,383.51	
Investment Results
Interest, Dividends	

and Other Income	

1,001.75	
Fees and Expenses		- 143,081.10	
Total Investment Results		- $142,079.35	
			
Ending Market Value		$1,873,304.16	

00- -M -PH-PC -305-01	00283401	2834
0122431-00-01658-01	Page 3 of 5
ACCOUNT NUMBER: 275143005
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
ACQUISITION AND CONSTRUCTION ACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL AS OF 10/31/17

Shares or	Market Value/	Tax Cost/	% of Total

Face Amount

Security Description

Price	Unit Cost	Yield at Market

Est Ann Inc

Cash Equivalents

1,873,304.160	First American Government	1,873,304.16	1,873,304.16	100.0	11,846.76	
	Oblig Fd Cl Y	1.0000	1.00	.63 **	
	#3763				
	31846V203				
Total Cash Equivalents	$1,873,304.16	$1,873,304.16	100.0	$11,846.76	
				
Total Assets	$1,873,304.16	$1,873,304.16	100.0	$11,846.76	

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 -PH-PC -305-01	00283401	2834
0122431-00-01658-01	Page 4 of 5
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 October 1, 2017 to October 31, 2017

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 10/01/2017	$.00	$.00	$.00	
Taxable Interest	1,001.75		1,001.75	
Fees and Expenses		- 143,081.10	- 143,081.10	
Cash Receipts		26,883.54	26,883.54	
Transfers	- 1,001.75	1,001.75		
Net Money Market Activity		115,195.81	115,195.81	
Ending Cash Balance as of 10/31/2017	$0.00	$0.00	$0.00	

00- -M -PH-PC -305-01	00283401	2834
0122431-00-01658-01	Page 5 of 5
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 October 1, 2017 to October 31, 2017

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 10/01/2017	$.00	$.00	$1,988,499.97	
10/02/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 9/1/17 To 9/30/17 31846V203	1,001.75			
10/03/17	Cash Disbursement Transfer To Principal	- 1,001.75			
10/03/17	Cash Receipt
Transfer From Income		1,001.75		
10/03/17	Purchased 1,001.75 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/3/17 31846V203		- 1,001.75	1,001.75	
10/11/17	Cash Receipt
Transfer From Another Trust
Received From 275143006 To 275143005 Per Section 404 Cost Of Issuance Account Jmtho12		26,883.54		
10/11/17	Purchased 26,883.54 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/11/17 31846V203		- 26,883.54	26,883.54	
10/24/17	Cash Disbursement
Paid To Jensen Underground Utilities, Inc. For Project Expenses
Dm: Re: Fronterra Cdd App 3 & 4 Requisition No 4
Residential Drainage; Sanitary System, Potable System Aes56379		- 143,081.10		
10/24/17	Sold 143,081.1 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/24/17 31846V203		143,081.10	- 143,081.10	
	Ending Balance 10/31/2017	$0.00	$0.00	$1,873,304.16	

00- -M -PH-PC -305-01	2834
0122433-00-01658-01	Page 1 of 5
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COSTS OF ISSUANCE ACCOUNT

000001035 05 SP

000638735776349 P

This statement is for the period from October 1, 2017 to October 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:
MARIE MORTENSON
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortenson@usbank.com

Analyst:
RAHANA JUMAN
Phone 651-466-6194

00- -M -PH-PC -305-01	00283401	2834
0122433-00-01658-01	Page 2 of 5
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COSTS OF ISSUANCE ACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

MARKET VALUE SUMMARY

Current Period
 		10/01/17 to 10/31/17	 Beginning Market Value		$26,870.00
Distributions	- 26,883.54
Adjusted Market Value	- $13.54

Investment Results
Interest,  Dividends  and Other Income	13.54
Total Investment Results	$13.54

Ending Market Value	$0.00

00- -M -PH-PC -305-01	00283401	2834
0122433-00-01658-01	Page 3 of 5
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COSTS OF ISSUANCE ACCOUNT
This statement is for the period from October 1, 2017 to October 31, 2017

ASSET DETAIL AS OF 10/31/17

Face Amount	Security Description	Price	Unit Cost	Yield at Market	Est Ann Inc	

Cash	

Principal Cash	

26,883.54	

26,883.54			
	
Income Cash	
- 26,883.54	
- 26,883.54			
	Total Cash	$0.00	$0.00	0.0		

Shares or	Market Value/	Tax Cost/	% of Total

Total Assets

$0.00	$0.00

0.0

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.

00- -M -PH-PC -305-01	00283401	2834
0122433-00-01658-01	Page 4 of 5
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COSTS OF ISSUANCE ACCOUNT

CASH SUMMARY

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

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 10/01/2017	$.00	$.00	$.00	
Taxable Interest	13.54		13.54	
Cash Disbursements		- 26,883.54	- 26,883.54	
Transfers	- 26,897.08	26,897.08		
Net Money Market Activity		26,870.00	26,870.00	
Ending Cash Balance as of 10/31/2017	- $26,883.54	$26,883.54	$0.00	

00- -M -PH-PC -305-01	00283401	2834
0122433-00-01658-01	Page 5 of 5
ACCOUNT NUMBER: 275143006
FRONTERRA COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUEBONDS, SERIES 2017
COSTS OF ISSUANCE ACCOUNT

TRANSACTION DETAIL

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

Date Posted	
Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 10/01/2017	$.00	$.00	$26,870.00	
10/02/17	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 9/1/17 To 9/30/17 31846V203	13.54			
10/03/17	Cash Disbursement Transfer To Principal	- 13.54			
10/03/17	Cash Receipt
Transfer From Income		13.54		
10/03/17	Purchased 13.54 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/3/17 31846V203		- 13.54	13.54	
10/11/17	Cash Disbursement Transfer To Principal
To Clear Buckets Jmtho12	- 26,883.54			
10/11/17	Cash Receipt
Transfer From Income
To Clear Buckets Jmtho12		26,883.54		
10/11/17	Cash Disbursement Paid To 275143005
Transfer To Another Trust
Transfer From 275143006 To 275143005 Per Section 404 Cost Of Issuance Account Jmtho12		- 26,883.54		
10/11/17	Sold 26,883.54 Units Of First Am Govt Ob Fd Cl Y Trade Date 10/11/17 31846V203		26,883.54	- 26,883.54	
	Ending Balance 10/31/2017	- $26,883.54	$26,883.54	$0.00