ORDINANCE NO. 05-15

AN	ORDINANCE	CREATING   THE   SHINGLE   CREEK					
COMMUNITY								
	DEVELOPMENT  DISTRICT  PURSUANT  TO					
									
CHAPTER 190, FLORIDA STATUTES; SPECIFYING POWERS					
OF THE DISTRICT; DESCRIBING THE BOUNDARIES OF THE					
DISTRICT;	PROVIDING  FOR THE  ADMINISTRATION  AND	... ··				
								
FINANCING OF THE			.				
						DISTRICT; NAMING THE MEMBERS OF					
THE   BOARD   OF   SUPERVISORS   OF   THE   DISTRICT;					
APPROVING THE FORM OF AN INTERLOCAL AGREEMENT					
WITH  THE  DISTRICT;  AND  PROVIDING  AN  EFFECTIVE					
DATE.					'						
									\.	'	'•		
WHEREAS, Osceola Project Development, L.P., has filed a petition (the "Petiti_on'.') with		
Osceola County (the  "County")	requesting  the  Board  of County Commissioners  to ·-enact  an		
							
ordinance creating the Shingle Creek Community Development District (the "Shingle Creek CDD")		
pursuant to Chapter 190, Florida Statutes, and designating the real property described in Exhibit A		
hereto (which excludes the property currently under consideration by the County for development		
of a convention center and headquarters hotel) as the area of land for which the Shingle Creek	CDD		
is authorized to manage and finance basic service delivery (the "Property"); and					
WHEREAS, the  Property is currently included within  the  Osceola Trace Community		
Development District (the "Osceola Trace CDD"),  which has approved	a plan to  transfer all		
community development services to the County		), Florida Statutes (the		
"Plan of Transfer"), a copy				pursuant to Section 190.046(4			
	of which is							
~						attached hereto as Exhibit B, and has requested the County		
to enact an ordinance	approving the Plan of Transfer; and						
								
WHEREAS, pursuant to the Plan of Transfer, the Osceola Trace CDD Board	of Supervisors		
is							of Termination and direct its Secretary to file such		
required to adopt a resolution approving a Plan			
Plan of Termination with the Clerk	of the Ninth Judicial Circuit in and for Osceola County, in		
accordance with Section 190.046(6), Florida Statutes; and						
WHEREAS, the County intends to approve the Plan of Transfer only if the Shingle Creek		
CDD													
simultaneously accepts the transfer of all	services, assets, debts and agreements from the		
									
County and agrees to hold the County harmless from any and all liability assodated therewith; and		

...

.,.

;	\.

WHEREAS, assuming			
constitute an efficient,	termination of the Osceola Trace CDD, the Shingle Creek CDD will		
	effective and economical method of		
		delivering community development		
services and facilities for the Property within which area neither the County nor the Osceola Trace		
CDD is able to provide such community			
	development services and facilities at a level and quality		
needed to serve the Shingle Creek CDD; and			

,,

WHEREAS, assuming termination of the Osceola Trace CDD, the Shingle Creek CDD will provide a solution to the County's planning, management and financing needs for the delivery of community development services and facilities to and within the Property without overburdening the County and its taxpayers; and

WHEREAS, the County has held a public hearing on the Petition in accordance with the requirements and procedures of Section 190.005( 1)( d), Florida Statutes; and

WHEREAS, the County has considered the record of public hearing and the factors set forth in Section 190.005(1 )( e ), Florida Statutes.

NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF OSCEOLA COUNTY, FLORIDA, AS FOLLOWS:
I

SECTION 1. FINDINGS OF FACT AND CONCLUSIONS OF LAW. It is hereby ascertained, determined and declared that:

(A)	all statements contained in the Petition are true and correct;

(B)	the creation of the Shingle Creek CDD is not inconsistent with any applicable element or portion of the State Comprehensive Plan or the County's Comprehensive Plan;

(C)	the area of land within the proposed Shingle Creek CDD is of sufficient size, is sufficiently compact and is sufficiently contiguous to be developed as one functional, interrelated community;

(D)	as~uming termination of the Osceola Trace CDD, the creation of the Shingle Creek CDD is the best alternative available for delivering community development services and facilities to the Property;

(E)	the proposed community development services and facilities to be provided by the Shingle Creek CDD will not be incompatible with the capacity and uses of existing local and regional community development services and facilities;

(F)	the area that will be served by the Shingle Creek CDD is amenable to separate, special-district government;

(G)	the proceedings described in this Ordinance are governed by Chapter 190, Florida

	Statutes;

(H)	the County has jurisdiction pursuant to Section 190.005(2), Florida Statutes; and

2

(l)

Statutes.

the

granting

of

the

Petition complies with all

the requirements

of

Chapter 190, Florida

SECTION 2.  CREATION.	There  is  hereby created  the  Shingle  Creek Community	
Development District (the "Shingle Creek CDD") for the area of land described in Exhibit A	
attached hereto, within which the Shingle Creek CDD shall exercise the powers described and	
authorized in Sections 190.011, 190.12 (1) and (3), Florida Statutes.	

of the Daren

SECTION 3. SUPERVISORS. The five persons designated to serve as the initial members Board of Supervisors of the Shingle Creek CDD are Christopher M. Austin, Myron M. Miller, L. Rubenfeld, Chuck W. Weister, Charlie O'Sullivan, and shall constitute the initial Board of

Supervisors.

SECTION 4. INTERLOCAL AGREEMENT FORM. The form of an Interlocal Agreement attached hereto as Exhibit C, is hereby approved and shall be presented to the Board of Supervisors of the Shingle Creek CDD within forty-five days of the effective date of this Ordinance.

SECTION 5. EFFECTIVE Department of State by the Clerk of enactment. This ordinance shall take

DATE. A certified copy of this ordinance shall be filed in the the Board of County Commissioners within ten days after effect immediately upon filing with the Florida Department

of

State.

DULY ENACTED

in regular session this

23

rd

day

of

May, 2005.

BOARD OF COUNTY COMMISSIONERS

OF OSCEOLA COUNTY, FLORIDA

(SEAL)

ATTEST:

~/7

By:~ .
I
Chairman

~(]~

Clerk
SC.Q..

to the Board fl a.pf)A(9..U.U2!1

os{dl.3/

{)S--

3

.,

BEFORE THE OSCEOLA COUNTY BOARD OF COUNTY COMMISSIONERS

PETITION TO ESTABLISH THE SHINGLE CREEK
COMMUNITY DEVELOPMENT DISTRICT

Petitioner,  Osceola  Development  Project,	LP,  (hereafter  "Petitioner"),	hereby

petitions the Osceola County Board of County Commissioners pursuant to the "Uniform
,,,

Community Development District Act of 1980," Chapter 190, Florida Statui:.es, to establish a Community Development District with respect to the land described herein. In support of this petition, Petitioner states:

1.	Location and Size. The proposed District is located entirely within Osceola County, Florida. Exhibit 1 depicts the general location of the project. The proposed District covers approximately 699.26 acres of land. It is located on a site, which is bordered on the west by State Road 535, located south of State Road 417, bordered on the south by Highway 192, and bordered on the east by Shingle Creek. The metes and bounds description of the external boundaries of the District is set forth in Exhibit 2.

2.	Excluded Parcels. There is no land within the external boundaries of the proposed District, which is to be excluded from the District.
3,	I ;:mrlnwnPr C'nnc;Pnt.	PPtitinnPr h~c;  nht~inPrl writtPn  rnnc;Pnt tn Pc:t~hlic:h

the District from the owners of one hundred percent of the real.property located within

the District.	Documentation of this consent is contained in Exhibit 3.

4.	Initial Board Members. The five persons designated to serve as initial members of the Board of Supervisors of the proposed District are as follows:

Name:

Address:

Christopher M. Austin

18745 SE Federal Highway

Tequesta, Florida 33469

Name:

Myron M. Miller

Address:

18745 SE Federal Highway

Tequesta, Florida 33469

,,

Name:	Daren L. Rubenfeld

Address:	18745 SE Federal Highway

Tequesta, Florida 33469

Name:	Chuck W. Weister

Address:	18745 SE Federal Highway

Tequesta, Florida 33469

Name:	Charlie O'Sullivan
3
Address:	3400 W. Osceola Parkway

Kissimmee, Florida 32741

All of the above-listed persons are residents pf the State of Florida and citizens

of the United States of America.

5.	Name.  The proposed name of the District is Shingle Creek Community

Development District.

6.	Future Land Uses. The future general distribution, location, and extent of the public and private land uses proposed for the District are depicted in Exhibit 4.

The proposed land uses for lands contained within the proposed District are consistent

with the County'sapproved Future Land Use Plan.

7.	Major Water and Wastewater Facilities and Outfalls.  Exhibit 5 depicts
4,.L.-,_	---	..,.a_._•-•-----... ,1.,.-,,:--.,...1"'\   P'\.-,,,1,+,..._ ....__,..    '"°'..,.,.I   ,...,._,;,-.+-;""'.,..  .... ..,.,.f   ..,..,.rl....._l""'l,t"""l"\,4  .......,-".;"""-.,.  +-.-, • ....,f,  ,a,-.4-l""l..,
LI It:	j-JI c-ucvt:1v,..11 I IC:I IL	UI CII IC~C:	1-101..1..c:111;:)	01 IU	C:J\l;:)1..11 ·~ 01 IU	I-''v1 -1v.:>c:u	11 IOJVI	I.I UI '"VVOI..C:I

mains, sewer interceptors and outfalls, if any, for the lands to. be included within the District.
8.	District facilities and services.  Exhibit 6 identifies the type of facilities

Petitioner presently expects the District to finance, construct, acquire or install, as well as the ultimate expected owner and entity responsible for maintenanc~. The estimated costs of these facilities are shown in Exhibit 6. At present, these improvements are estimated to be made, constructed and installed over the time period from 2005 through 2010. Actual construction timetables and expenditures will likely vary, due in part to the effects of future changes in the economic conditions upon costs such as labor, services, materials, interest rates and market conditions.

2

.,

9.	Statement of Estimated Regulatory Costs.	Exhibit 7 is the statement of		
							
estimated	regulatory costs ("SERC") prepared	in	accordance with the requirements of		
					
section 120.541, Florida	Statutes.  The SERC	is	based	upon presently available data.		
							
The data and methodology used in preparing the	SERC accompany it.		

10.	Authorized Agent. The Petitioner is authorized to do business in Florida. Copies of all correspondence and official notices should be sent to:

Jonathan T. Johnson, Esq.

HOPPING GREEN & SAMS,

123 South Calhoun Street Post Office Box 6526 Tallahassee, FL 32314

P.A.

11.	This  petition  to  establish  the	Shingle	Creek  Community	Development		

District should be	granted for the following reasons:						
								
a.	Establishment of the District and all land	uses and services planned within		
the proposed	District are not inconsistent with applicable elements or portions of	the		
				
effective State								
	Comprehensive Plan or the local Comprehensive Plan.				
b.	The	area  of  land  within  the  proposed  District	is  part	of  a  planned		
						
community.	It is	of a sufficient size and is	sufficiently compact	and contiguous to	be		

developed c.

as

one The

functional and establishment

interrelated community.		
of	the	District  will  prevent  the  general  body		

of

taxpayers	in	Osceola	County  from  bearing  the  burden  for  installation	of	the		
infrastructure	and	the	maintenance	of- the		above-		facilities  within	the		
								described				
development	encompassed by the District.	The District	is the best alternative for		
						
delivering	community development services and	facilities to the proposed community		

without imposing an	additional burden	on the general population	of the local	general-		
purpose	government.	Establishment	of	the  District	in	conjunction	with	a		
										
comprehensively planned community,	as	proposed, allows for a	more efficient use	of		
resources.														

3

d.	The community development services and facilities of the District will not be incompatible with the capacity and use of existing local and regional community development services and facilities. In addition, the establishment of the District will provide a perpetual entity capable of making reasonable provisions for the operation
and maintenance of the District services and facilities.	.,.

e.	The area to be served by the proposed District is amenable to separate special-district government.

	WHEREFORE, Petitioner respectfully requests the Osceola County Board of County Commissioners to:

a.	schedule a public hearing in accordance with the requirements of Section 190.005(2)(b), Florida Statutes (2004);

b.	grant the petition and adopt an ordinance establishing the District pursuant to Chapter 190, Florida Statutes;

c.	grant such other relief as appropriate.

RESPECTFULLY SUBMITTED,~	this   i I	day of    ffie..r- cA-	, 2005.	
		HOPPING GREEN & SAMS, P~A.		

J	atha T. Johnson, Flori" ........u-.r No. 986460 Paula Milam Sparkman Florida Bar No. 135925 123 South Calhoun Street Post Office Box 6526 Tallahassee, FL 32314 (850) 222-7500 Attorney for Petitioner

4

WALT

DISNEY

WORLD

PROJECT
SITE

HTS

LOCATION MAP

OSCEOLA TRACE

DESCRIPTION PARCEL 1 (AS PREPARED BY SURVEYOR)									
A PARCEL OF LAND LYING SOUTH OF OSCEOLA PARKWAY AND EAST OF STATE		
ROAD 535 IN SECTIONS	l,	2 AND l 2, TOWNSHIP 25 SOUTH,	RANGE 28 EAST, AND A		
							OSCEOLA		
							25 SOUTH, RANGE 29 EAST,			
PORTION OF SECTION 6, TOWNSHIP				
			')		
COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLL0WS:		
COMMENCING AT THE NORTHWEST	CORNER OF SECTION 6,	TOWNSHIP 25 SOUTH,		
RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE S00°14'25"E, A DISTANCE		
OF 197.89 FEET TO THE NORTHEAST		CORNER OF s,ECTION 1,	TOWNSHIP 25 SOUTH,		
RANGE 28 EAST; THENCE CONTINUE S00°14'25"E, A DISTANCE	OF	650.71 FEET TO A		
POINT ON THE SOUTH RIGHT OF WAY LINE OF OSCEOLA PARKWAY AND THE		
POINT OF BEGINNING; THENCE	N89°10'25" E, ALONG SAID SOUTH	RIGHT OF WAY		
				
LINE, A DISTANCE OF 282.58 FEET TO THE POINT OF CURVATURE OF A CURVE		
CONCAVE TO THE NORTH,	HA	YING A RADIUS OF 3899.72	FEET AND A CENTRAL		
											
ANGLE OF l 1°14'42"; THENCE RUN EASTERLY AN ARC DISTANCE OF 765.37 FEET		
ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE N77°55'4I"E, A		
DISTANCE OF 34.18 FEET;  THENCE LEAYING SAID SOUTH RIGHT OF WAY LINE,		
RUN S04°50'01" E, A DISTANCE	OF 151.64 FEET; THENCE S08°12'14"W, A		
DISTANCE OF 55.'05 FEET;	THENCE S21°14'30"W, A DISTANCE OF 197.29 FEET;		
					OF	120.23 FEET; THENCE	S80°12'40"W, A		
THENCE S50°43'34"W, A DISTANCE					
									
DISTANCE OF 156.76 FEET; THENCE S44°31'05"W, A DISTANCE OF 127.50 FEET;		
THENCE S45°00'03"E, A DISTANCE OF 107.53 FEET; THENCE S44°57'17"W, A		
DISTANCE OF 535.70 FEET;	THENCE N61°46'21 "W, A DISTANCE	OF 613.31 FEET;		
THENCE N37°01'23"W, A DISTANCE OF 248.76 FEET; THENCE Nl2°16'24"W, A		
DISTANCE OF 215.96 FEET; THENCE Nl6°47'23"W, A DISTANCE	OF	193.67 FEET;		
THENCE S89° I0'25"W, A DISTANCE OF 114.55 FEET; THENCE S48°58'41 "W, A		
DISTANCE OF 137.18 FEET; THENCE S33°38'48"W, A DISTANCE OF 40.19 FEET;		
THENCE Sl8°18'54"W, A DISTANCE	OF	192.03 FEET; THENCE	S59°15'43"W, A		
									
DISTANCE OF 61.97 FEET; THENCE N79°47'32"W, A DISTANCE OF 320.50 FEET;		
THENCE N74°40'37"W, A DISTANCE OF 255.27 FEET; THENCE N74°42'14"W, A		
DISTANCE OF 31.17 FEET; THENCE N72°08'59"W, A DISTANCE OF 35.24 FEET;		
THENCE S63°24'51 "W, A DISTANCE OF 39;46 FEET; THENCE S40°34'44"W, A		
DISTANCE OF 18.08 FEET; THENCE S28°04'02"W, A DISTANCE OF 33.52 FEET;		
THENCE S25°10'58"W, A DISTANCE OF 96.34 FEET; THENCE S88°49'17"E, A		
DISTANCE OF 19.40 FEET; THENCE S52°32'05"E, A DISTANCE OF 99.06 FEET;		
THENCE N61°51'50"W, A DISTANCE OF 144.58 FEET; THENCE S53°38'09"W, A		
DISTANCE OF 91.16 FEET; THENCE N76°00'37"W, A DISTANCE OF 347.93 FEET;		
THENCE N60°45'34"W, A DISTANCE OF 131.30 FEET; THENCE N84°02'12"W, A		
DISTANCE OF 178.26 FEET; THENCE N40°35'25"W, A DISTANCE	OF	146.06 FEET;		
THENCE N58°28'01" W, A DISTANCE OF 91.38 FEET; THENCE Sl8°05'25"W, A		
DISTANCE OF 79.93 FEET; THENCE S79°40'29"W, A DISTANCE	OF 91 .40 FEET;		
THENCE S22°33'58"W, A DISTANCE OF 172.57 FEET; THENCE N78° 19'06"W, A		

DISTANCE OF 148.20	FEET; THENCE S65°47'48"W, A DISTANCE OF 486.23 FEET;				
THENCE S46°22'17"W, A DISTANCE OF 255.56 FEET; THENCE S29°20'59"E, A					
DISTANCE OF 100.11	FEET; THENCE S55°09'34"E, A DISTANCE OF 105.04 FEET;				
THENCE N49°25'34"E, A DISTANCE OF 354.88 FEET; THENCE S68°55'24"E, A					
DISTANCE OF 118.69	FEET; THENCE N29°10'03"E, A DISTANCE OF 95.60 FEET;				
THENCE S84°09'16"E, A DISTANCE OF 184.70 FEET; THENCE SI l	0	26'06"W, A					
							
DISTANCE OF 215.14 FEET; THENCE S20°08'39"W,	A DISTANCE	OF 329.53	FEET;				
				A					
THENCE S84°39'09"W, A DISTANCE OF 106.95 FEET; THENCE S02°46'59"W,						
							
DISTANCE OF 12.42 FEET; THENCE N03°06'58"W, A DISTANCE OF 20.82	(?EET;				
THENCE N64°35'1 l"W, A DISTANCE OF 43.42 FEET; THENCE S69°58'13~'W, A					
DISTANCE OF 65.97 FEET; THENCE S69°58'15"W, A DISTANCE OF 141.03 FEET;				
THENCE Sl8°42'16"E, A DISTANCE OF 537.60 FEET; THENCE S46°06'48"E, A						
DISTANCE OF 145.60 FEET;  THENCE S26°56'05"E,	A DISTANCE	OF 126.80	FEET;				
		'	THENCE	S81	° l 1'49"E,	A					
.					117.60 FEET;									
THENCE S00°50'17"W, A DISTANCE OF																	
DISTANCE OF 240.31 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE		
TO THE SOUTHWEST,	HAVING A RADIUS	OF 822.40	FEET AND	A CENTRAL ANGLE		

OF 62°37'10"; THENCE RUN SOUTHEASTERLY AN ARC DISTANCE OF 898.81 FEET		
ALONG SAID CURVE; THENCE LEAVING SAID CURVE RUN N65°18'34"E, A					
DISTANCE OF 97.95 FEET; THENCE N47°43'27"E, A DISTANCE OF 318.21 FEET;				
THENCE Nl4°06'39"W, A DISTANCE OF 70.78 FEET; THENCE N63°33'10"E, A					
DISTANCE OF 48.88 FEET; THENCE N32°01'07"W, A DISTANCE OF 153.12 FEET;				
THENCE N41°48'54"W, A DISTANCE OF 276.18 FEET; THENCE N51°03'59"W,	A				
DISTANCE OF 131.29 FEET;  THENCE N59°41'38" E, A DISTANCE OF 170.84	FEET;				
THENCE N62°46'14"E, A DISTANCE OF 254.99 FEET; THENCE S72°13'47"E, A					
DISTANCE OF 228.54 FEET; THENCE S47°31'39"E,	A DISTANCE OF 386.03	FEET;				
										
THENCE S38°38'06"E, A DISTANCE OF 444.45 FEET; THENCE S26°16'32"E, A						
DISTANCE OF 409.28 FEET; THENCE S36°38'12"W, A DISTANCE OF 456.29 FEET;				
THENCE S82°18'40"W,	A DISTANCE OF	69.67	FEET; THENCE N32°28'33"W, A					
																							
DISTANCE OF 279.72 FEET; THENCE N65°55'1 l "W, A DISTANCE OF 88.58 FEET;				
THENCE S64°42'32"W, A DISTANCE OF 151.86 FEET; THENCE S01°43'06"W,	A				
DISTANCE OF 242.84 FEET; THENCE S24°06'35"E, A DISTANCE OF 98.59 FEET;				
THENCE S48°41'55"E, A DISTANCE OF 119.49 FEET; THENCE S67°34'44"E, A						
DISTANCE OF 156.55 FEET; THENCE Sl5°59'53"W,	A DISTANCE	OF 460.18	FEET;				
				A				
THENCE S63°36'33"W, A DISTANCE OF 160.40 FEET; THENCE Sl9°55'58"W,					
							
DISTANCE OF 104.39 FEET; THENCE S01°03'59"W,	A DISTANCE OF 239.67	FEET;				
									
THENCE S24°48'31 "E, A DISTANCE OF 360.22 FEET TO A POINT ON THE SOUTH LINE		
OF SAID SECTION 1,	TOWNSHIP 25 SOUTH, RANGE 28 EAST;	THENCE N89°55'19"E,		
ALONG SAID SOUTH LINE, A DISTANCE OF 1195.81 FEET TO THE SOUTHEAST				
CORNER OF SAID SECTION	l; THENCE S00°06'54"E,	A DISTANCE OF 19~8.71 FEET;		
														LINE		
THENCE S89°58' 15"W, A DISTANCE OF 1631.53	FEET TO A POINT ON THE WEST			
					
				25 SOUTH, RANGE 28		EAST;				
OF GOVERNMENT LOT	1, SECTION 12, TOWNSHIP							
THENCE N00°32'30"W, ALONG SAID WEST	LINE	OF	GOVERNMENT LOT	1,		A				
DISTANCE OF 1948.59 FEET; THENCE N89°56'47"W, A DISTANCE OF 3960.65	FEET;			
THENCE N00°14'56"W,	A DISTANCE OF 29.68	FEET TO THE NORTHWEST CORNER OF		
								OF 70.15 FEET TO	A POINT	ON		
SAID SECTION 12; THENCE S89°55'19"W, A DISTANCE					
					
THE ORIGINAL EAST RIGHT OF WAY LINE OF STATE ROAD 535; THENCE						

N36°54'44"W, ALONG SAID EAST RIGHT OF WAY LINE, A DISTANCE OF 2808.93			
FEET; THENCE N09°20'35"E, A DISTANCE OF 323.85 FEET TO A POINT ON THE			
SOUTH LINE OF THE NORTHEAST 1/4 OF SECTION 2, TOWNSHIP 25 SOUTH, RANGE		
28 EAST; THENCE S89°5 I'00"E, A DISTANCE OF 359.14 FEET TO THE SOUTHEAST			
CORNER OF THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4	OF SAID SECTION 2;			
THENCE NOi	0	44'04"E, A DISTANCE OF 229.34 FEET TO A POINT ON THE SOUTH			
						
RIGHT OF WAY LINE OF OSCEOLA PARKWAY; THENCE N61 °12'18"E, ALONG SAID		
SOUTH RIGHT OF WAY LINE, A DISTANCE OF 1030.53 FEET; THENCE N62°58'35"E,	A		
			~			
DISTANCE OF 632.92 FEET TO THE POINT OF CURVATURE	OF A (:URVE CONCAVE		
				
TO THE SOUTH, HAVING A RADIUS OF 3739.72 FEET AND A CENTRAL ANGLE OF			
11 °26'30";  THENCE RUN EASTERLY AN ARC DISTANCE OF 746.80 FEET ALONG			
SAID CURVE TO THE POINT OF TANGENCY; THENCE N74°25'05"E, A DISTANCE OF		
1874.00 FEET TO THE POINT OF CURVATURE OF A.~URVE	CONCAVE TO THE			
SOUTH, HAVING A RADIUS OF 3725.66 FEET AND A CENTRAL ANGLE OF 14°45'20";		
THENCE RUN EASTERLY AN ARC DISTANCE OF 959.48 FEET ALONG SAID CURVE			
TO THE POINT OF TANGENCY; THENCE N89°10'25"E, A DISTANCE OF 2012.20 FEET		
TO THE POINT OF BEGINNING.				
CONTAINING 542.26 ACRES, MORE OR LESS.				

DESCRIPTION PARCEL 2  (AS PREPARED BY SURVEYOR)																		
A PARCEL OF LAND LYING NORTH OF OSCEOLA PARKWAY AND	EAST OF STATE		
													
ROAD 535 IN SECTIONS 1 AND 2, TOWNSHIP 25 SOUTH, RANGE	28 EAST AND A			
PORTION OF SECTION 6, TOWNSHIP	25	SOUTH, RANGE	29 EAST, OSCEOLA						
																						
					DESCRIBED AS FOLLOWS:				
COUNTY, FLORIDA, BEING MORE PARTICULARLY					
																					
BEGINNING AT THE NORTHWEST CORNER OF SECTION		6, TOWNSHIP	25	SOUTH,		
							THE		
				:r23"E, ALONG				
RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE	N89::					

NORTH LINE OF SAID	SECTION 6,	A DISTANCE	OF 1704.83 FEET; THENCE							
						RIGHT OF WAY	LINE OF		
S00°23'24"E, A DISTANCE OF 462.02 FEET TO THE NORTH				
									
										THE SOUTH		
OSCEOLA PARKWAY, SAID POINT BEING ON A CURVE CONCAVE TO				
				AND			
HAVING A RADIUS OF 3899.72 FEET AND A CENTRAL ANGLE OF 3°06'08"				
								
BEING SUBTENDED BY A CHORD WHICH BEARS S79°28'47"W 211.12	FEET; THENCE		
								THE		
RUN WESTERLY AN ARC DISTANCE OF 211.15 FEET ALONG SAID	CURVE TO			
		FEET TO	THE		
POINT OF TANGENCY; THENCE S77°55'43"W,	A DISTANCE OF 499.49				
													
POINT OF CURVATURE OF A CURVE CONCAVE TO THE NORTH,	HAYING A RADIUS		
														
OF 3739.72 FEET AND A CENTRAL	ANGLE OF 11 °14'42";	THENCE RUN WESTERLY		
								POINT OF						
AN ARC DISTANCE OF 733.97 FEET ALONG SAID CURVE TO THE							
	TO THE POINT OF		
TANGENCY; THENCE S89°10'25"W, A DISTANCE OF 2294.78 FEET			
								OF					
CURVATURE OF A CURVE CONCAVE TO THE SOUTH, HAVING A RADIUS						
							
3885.66 FEET AND A CENTRAL ANGLE OF 14°45'20"; THENCE	RUN WESTERLY AN		
ARC DISTANCE OF 1000.69 FEET ALONG SAID CURVE TO THE POINT	OF								
	POINT OF			
TANGENCY; THENCE S74°25'05"W, A DISTANCE 1874.00 FEET TO THE				
											
CURVATURE OF A CURVE CONCAVE TO THE SOUTH, HAVING	A RADIUS OF					
3899.72 FEET AND A CENTRAL ANGLE OF 11°17'22"; THENCE	RUN	CURVE TO A		
SOUTHWESTERLY AN ARC DISTANCE OF 768.39 FEET ALONG SAID			
									28		
POINT ON THE EAST LINE OF SAID SECTION 2, TOWNSHIP	25 SOUTH, RANGE			
					
		RUN N03°44'28"E, A		
EAST; THENCE LEAYING SAID NORTH RIGHT OF WAY LINE			
												OUC		
DISTANCE OF 1280.45 FEET TO A POINT ON THE SOUTH LINE OF A 145-FOOT			
					
EASEMENT (AS RECORDED IN OR BOOK 579, PAGE 572 OF THE PUBLIC	RECORDS		
OF OSCEOLA COUNTY, FLORIDA); THENCE N89°52'47"W,	ALONG SAID SOUTH			
			A DISTANCE OF 649.93		
LINE, A DISTANCE OF 2503.99 FEET; THENCE S01°12'26"W,				
	THENCE S01°12'26"W,		
FEET; THENCE N88°47'34"W, A DISTANCE OF 100.00 FEET;			
																		
ALONG A PROJECTION	OF	THE WEST	RIGHT OF WAY LINE OF POINCIANA			OF		
																										
BOULEY ARD, A DISTANCE OF 500.00 FEET; THENCE N89°5 l '59"W, A DISTANCE			
			
206.32 FEET TO THE NORTHWEST CORNER OF THE SOUTHWEST	1/4 OF THE					
NORTHEAST 1/4 OF	SAID SECTION	2; THENCE S00°16'37"E,	A DISTANCE OF 363.23		
										_ROAD	535,		
																					
FEET TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF STATE				
					A					
SAID POINT BEING ON A CURVE CONCAVE TO THE NORTHEAST HAYING						
						
RADIUS OF 17070.73 FEET AND A CENTRAL ANGLE OF 1°45'13"	AND BEING					
SUBTENDED BY A CHORD	WHICH BEARS N37°46'3l"W 522.44 FEET; THENCE RUN		
NORTHWESTERLY ALONG SAID CURVE, AN ARC DISTANCE OF 522.47	FEET TO		
THE POINT OF TANGENCY;	THENCE N36°53'54"W, A DISTANCE OF 1557.79 FEET TO		
A POINT ON THE NORTH LINE OF THE NORTHWEST 1/4 OF SAID SECTION	2;					
THENCE S89°52'24"E, ALONG SAID NORTH LINE, A DISTANCE OF	1247.33 FEET TO		

THE NORTH 1/4 CORNER	OF SAID SECTION 2;	THENCE	S89°52'54"E, A DISTANCE OF		
					
2850.25 FEET TO THE NORTHWEST CORNER OF SECTION I, TOWNSHIP 25 SOUTH,		
RANGE 28 EAST; THENCE N89°46'55"E, ALONG THE NORTH LINE OF THE		
NORTHWEST 1/4 OF SAID SECTION I, A DISTANCE OF 2600.92 FEET TO THE NORTH		
1/4 CORNER OF SAID SECTION	I; THENCE N89°46'58"E, A DISTANCE OF 2825.60		
FEET TO THE NORTHEAST CORNER OF SAID SECTION I; THENCE N00°14'25"W, A		
DISTANCE OF 197.89 FEET TO THE POINT OF				
BEGINNING.						
CONTAINING 157.00 ACRES, MORE OR LESS.				

CONSENT AND

JOINDER

OF

LANDOWNER

TO

EST

ABLISIIMENT

OF A COMMUNITY DEVELOPMENT DISTRICT

The undersigned is the

hereto and made a part hereof

owner of certain lands more fully described	on		
			
("Property").			

Exhibit

A

attached

The undersigned understands and acknowledges that Power Corporation, ("Petitioner")		
intends to submit a petition	to	establish a Community Development	District in accordance with		
							
			of the Floritla	Statutes.	__							
the provisions	of Chapter 190											
										.														
As  an	ov.'Iler of lands  which	are		intended to	constitute	a portion  of the  Community		
												
			understands	and  acknowledges  that  pursuant  to  the		
Development	District,	the	undersigned				
provisions of Section 190.005,	Florida Statutes, the Petitioner is required to include the written		
		the Community Development District of one hundred percent		
consent to the establishment		of			
					be included	within the Community Development District.		
( I00%)	of the owners of the lands to				
												
	The  undersigned hereby consents	to  the establishment	of	a	Community	Development		
									
District	which  will  include	the  Property  within  the  lands  to		be		a  part  of the  Community		
					to further execute any documentation necessary	or convenient		
Development District and agrees				
		during the application process	for the establishment of the		
to evidence this consent and joinder				

Community Development District.																
	The undersigned acknowledges that the consent will remain	in full force and effcct until		
the Community Development	District is established or three years from the date hereof,	which		
				
ever shall first occur.   The undersigned further agrees that it will provide to the next purchaser		
or successor in interest	of	all		or any portion	of the Property a copy of this consent form and		
obtain,	if required  by	Petitioner,  consent	to	establishment  of		the	Community	Development		

District in substantially this

~

form.

The undersigned hereby represents and warrants that it has taken aii actions and obtained		
all consents necessary to duly authorize the execution of this consent	andjoinder by the officer		
			
executing this instrument.			

Executed this

/:ftaay

of

ty}Qr

dz_

,	200!~

Witnessed:

;'l/   /2	. /	
~v	. /l/	

/;
/
/:-?-

/	.		
/			
I			
J~		

< I
,'

Exhibit A

DESCRIPTION PARCEL 1 (AS PREPARED BY SURVEYOR)				
A PARCEL OF LAND LYING		OSCEOLA PARKWAY	AND EAST OF STATE		
ROAD 535 IN						SOUTH OF				
						2 AND 12, TOWNSHIP 25	SOUTH, RANGE 28 EAST, AND A		
	SECTIONS 1,				
PORTION OF SECTION	6,	TOWNSH,1P 25	SOUTH, RANGE 29 EAST, OSCEOLA		
																
COUNTY,	FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:		
			
COMMENCING AT THE NORTHWEST CORNER OF SECTION 6,	TOWNSHIP 25 SOUTH,		
RANGE 29	EAST,															
		OSCEOLA COUNTY, FLORIDA; THENCE S00°14'25"E, A DISTANCE		
				
OF 197.89 FEET TO	THE NORTHEAST CORNER OP.•SECTION 1,		TOWNSHIP 25 SOUTH,		
							
RANGE 28 EAST; THENCE CONTINUE								
								
								S00°14'25"E, A DISTANCE OF		
POINT ON	THE SOUTH RIGHT OF WAY						650.71 FEET TO A		
		LINE OF OSCEOLA PARK.WAY AND THE		
POINT OF	BEGINNING;						
												
					THENCE N89°10'25" E, ALONG SAID SOUTH		
LINE, A DISTANCE OF 282.58							RIGHT OF WAY		
	FEET TO THE POINT OF CURVATURE OF A CURVE		
CONCAVE TO THE NORTH, HAVING A RADIUS OF 3899.72 FEET		
ANGLE OF 11°14'42"; THENCE RUN EASTERLY AN ARC		AND A CENTRAL		
												DISTANCE OF 765.37 FEET		
ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE N77°55'4l"E, A		
DISTANCE OF 34.18 FEET;  THENCE LEAVINO SAID SOUTH				
RUN S04°50'01" E, A									RIGHT OF WAY LINE,		
	DISTANCE OF 151.64 FEET; THENCE S08°12'14"W, A		
DISTANCE OF 55.05	FEET;	THENCE S21°14'30"W, A	DISTANCE	OF 197.29 FEET;		
THENCE S50°43'34"W, A						

					DISTANCE OF 120.23 FEET;				
												THENCE S80°12'40"W, A		
DISTANCE OF 156.76 FEET; THENCE S44°31'05"W, A				
THENCE S45°00'03"E, A	DISTANCE OF 107.53 FEET;	DISTANCE OF 127.50 FEET;		
						
											THENCE S44°57'17''W, A		
DISTANCE OF 535.70 FEET; THENCE N61°46'21"W, A				
THENCE N37°01'23"W, A							DISTANCE OF 613.31 FEET;		
					DISTANCE OF 248.76 FEET;				
												THENCE N12°16'24"W, A		
DISTANCE OF 215.96 FEET; THENCE Nl6°47'23"W, A				
THENCE S89°10'25"W, A							D!ST.A~NCE OF 193.67 FEET;		
					DISTANCE OF 114.55 FEET;	THENCE S48°58'41 "W, A		
DISTANCE OF 137.18 FEET; THENCE S33°38'48"W, A			
	DISTANCE	OF 40.19 FEET;		
THENCE S18°18'54"W, A										
											
					DISTANCE OF 192.03 FEET;	THENCE S59°15'43"W, A		
DISTANCE OF 61.97 FEET; THENCE N79°47'32"W, A				
	DISTANCE	OF 320.50 FEET;		
THENCE N74°40'37"W, A									
											
					DISTANCE OF 255.27 FEET;				
DISTANCE OF 31.17 FEET; THENCE_N72~08'59"W, A		THENCE N74°42'14"W, A		
	DISTANCE	OF 35.24 FEET;		
THENCE S63°24'5l"W, A									
											
					DISTANCE OF 39.46 FEET;	THENCE S40°34'44"W, A		
DISTANCE OF 18.08 FEET; THENCE S28°04'02"W, A			
						
THENCE S25° 10'58"W, A					DISTANCE OF 33.52 FEET;		
					DISTANCE OF 96.34 FEET;						
DISTANCE OF 19.40 FEET;	THENCE S52°32'05"E, A	THENCE S88°49'17"E, A		
		DISTANCE OF 99.06 FEET;		
THENCE									
																
N61°51'50"W, A DISTANCE OF								
								144.58 FEET; THENCE S53°38'09"W, A		
DISTANCE OF 91.16 FEET; THENCE N76°00'37"W, A	DISTANCE OF 347.93 FEET;		
THENCE N60°45'34"W, A								
											
					DISTANCE OF 131.30 FEET; THENCE N84°02'12"W, A		
DISTANCE OF 178.26 FEET; THENCE N40°35'25"W, A	DISTANCE	OF 146.06 FEET;		
THENCE N58°28'01" W, A DISTANCE OF 91.38 FEET;					
	THENCE S18°05'25"W, A		
DISTANCE OF 79.93 FEET; THENCE S79°40'29"W, A				
	DISTANCE OF 91.40 FEET;		
THENCE S22°33'58"W, A	DISTANCE OF 172.57 FEET;	THENCE N78°19'06"W, A		

DISTANCE OF 148.20 FEET; THENCE S65°47'48"W, A DISTANCE OF 486.23 FEET;		
THENCE S46°22'17"W, A			
DISTANCE OF 255.56 FEET; THENCE S29°20'59"E, A		
DISTANCE OF 100.11 FEET; THENCE S55°09'34"E, A DISTANCE OF 105.04 FEET;		
THENCE N49°25'34"E, A			
DISTANCE OF 354.88 FEET; THENCE S68°55'24"E, A		
DISTANCE OF 118.69 FEET; THENCE N29°10'03"E, A DISTANCE OF 95.60 FEET;		
THENCE S84°09'16"E, A DISTANCE OF	184.70 FEET; THENCE Sl 1°26'06"W, A		
DISTANCE OF 215.14 FEET; THENCE S20°08'39"W, A DISTANCE OF 329.53 FEET;		
THENCE S84°39'09"W, A			
DISTANCE OF 106.95 FEET; THENCE S02°46'59"W, A		
DISTANCE OF 12.42 FEET; THENCE			
N03°06'58"W, A DISTANCE OF 20.82 FEET;		
THENCE N64°35'1 l "W, A			
DISTANCE OF 43.42 FEET; THENCE S69°58'13"W, A		
DISTANCE OF 65.97 FEET; THENCE S69°58'15"W, A DISTANCE OF 141.03 FEET;		
THENCE Sl8°42'16"E, A DISTANCE OF	537.60 FEET; THENCE S46°06'48"E, A		
DISTANCE OF 145.60 FEET;  THENCE			
S26°56'05"E, A DISTANCE OF 126.80 FEET;		
THENCE S00°50'17"W, A			
DISTANCE OF 117.60 FEET; THENCE S81°11'49"E, A		
DISTANCE OF 240.31 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE		
TO THE SOUTHWEST, HAVINO A RADIUS OF 822.40 FEET AND A CENTRAL ANGLE		
OF 62°37'10"; THENCE RUN SOUTHEASTERLY AN ARC DISTANCE OF 898.81 FEET		
ALONG SAID CURVE; THENCE			
LEAVING SAID CURVE RUN N65°18'34"E, A		
DISTANCE OF 97.95 FEET; THENCE N47°43'27"E, A DISTANCE OF 318.21 FEET;		
THENCE N14°06'39"W, A			
DISTANCE OF 70.78 FEET; THENCE N63°33'10"E, A		
DISTANCE OF 48.88 FEET; THENCE			
N32°01'07"W, A DISTANCE OF 153.12 FEET;		
THENCE N41°48'54"W, A			
DISTANCE OF 276.18 FEET; THENCE N51°03'59"W, A		
DISTANCE OF 131.29 FEET;  THENCE			
N59°41'38" E, A DISTANCE OF 170.84 FEET;		
THENCE N62°46'14"E, A			
DISTANCE OF 254.99 FEET; THENCE S72°13'47"E, A		
DISTANCE OF 228.54 FEET; THENCE			
S47°31'39"E, A DISTANCE OF 386.03 FEET;		
THENCE S38°38'06"E, A DISTANCE OF 444.45 FEET; THENCE S26°16'32"E, A		
DISTANCE OF 409.28 FEET; THENCE			
S36°38'12"W, A DISTANCE OF 456.29 FEET;		
THENCE S82°1,8'40"W, A DISTANCE OF 69.67 FEET; THENCE N32°28'33"W, A		
DISTANCE OF 279.72 FEET; THENCE N65°55'1 l "W, A DISTANCE OF 88.58 FEET;		
THENCE S64°42'32"W, A			
DISTANCE OF 151.86 FEET; THENCE S01°43'06"W, A		
DISTANCE OF 242.84 FEET; THENCE			
S24°06'35"E, A DISTANCE OF 98.59 FEET;		
THENCE S48°41'55"E, A DISTANCE OF 119.49 FEET; THENCE S67°34'44"E, A		
DISTANCE OF 156.55 FEET; THENCE			
Sl5°59'53"W, A DISTANCE OF 460.18 FEET;		
THENCE S63°36'33"W, A DISTANCE OF 160.40 FEET; THENCE Sl9°55'58"W, A		
DISTANCE OF 104.39 FEET; THENCE			
S01~03'59"W, A DISTANCE OF 239.67 FEET;		
THENCE S24°48'31 "E, A DISTANCE OF 360.22 FEET TO A POINT ON THE SOUTH LINE		
OF SAID SECTION 1, TOWNSHIP 25 SOUTH, RANGE 28 EAST; THENCE N89°55'19"E,		
ALONG SAID SOUTH LINE, A DISTANCE OF 1195.81 FEET TO THE SOUTHEAST		
CORNER OF SAID SECTION 1; THENCE		
THENCE S89°58'15"W, A	S00°06'54"E, A DISTANCE OF 1988.71 FEET;		
	1631.53 FEET TO A POINT ON THE WEST LINE		
DISTANCE OF			
OF			
GOVERNMENT LOT 1, SECTION 12,	TOWNSHIP 25 SOUTH, RANGE 28 EAST;		
THENCE N00°32'30"W, ALONG SAID WEST LINE OF GOVERNMENT LOT I, A		
DISTANCE OF 1948.59 FEET; THENCE N89°56'47"W, A DISTANCE OF 3960.65 FEET;		
THENCE N00°14'56"W, A DISTANCE OF 29.68 FEET TO THE NORTHWEST CORNER OF		
SAID SECTION 12; THENCE S89°55'19"W, A DISTANCE OF 70.15 FEET TO A POINT ON		
THE ORIGINAL EAST RIGHT OF WAY LINE OF STATE ROAD 535; THENCE		

N36°54'44"W, ALONG SAID EAST RlGHT OF WAY LINE, A DISTANCE OF 2808.93		
FEET; THENCE N09°20'35"E, A DISTANCE OF 323.85 FEET TO A POINT ON THE		
SOUTH LINE OF THE NORTHEAST 1/4 OF SECTION 2, TOWNSHIP 25 SOUTH, RANGE		
28 EAST; THENCE S89°5l'00"E, A DISTANCE OF 359.14 FEET TO THE SOUTHEAST		
CORNER OF	THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF SAID SECTION 2;		
THENCE N0l	0	44'04"E, A DISTANCE OF 229.34 FEET TO A POINT ON THE SOUTH		
				
RIGHT OF WAY LINE OF OSCEOLA PARKWAY; THENCE N61°12'18"E, ALONG SAID		
SOUTH RIGHT OF WAY Ll~E, A DISTANCE OF 1030.53 FEET; THENCE N62°58'35"E, A		
DISTANCE OF 632.92 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE		
TO THE SOUTH, HAVING A RADIUS OF 3739.72 FEET AND A CENTRAL ANGLE OF		
11 °26'30";  THENCE RUN EASTERLY AN ARC DISTANCE OF 746.80 FEET ALONG		
SAID CURVE TO THE POINT OF TANGENCY; THENCE N74°25'05"E, A DISTANCE OF		
1874.00 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO THE		
SOUTH, HAVING A RADIUS OF 3725.66 FEET AND A CENTRAL ANGLE OF 14°45'20";		
THENCE RUN EASTERLY AN ARC DISTANCE OF 959.48 FEET ALONG SAID CURVE		
TO THE POINT OF TANGENCY; THENCE N89°10'25"E, A DISTANCE OF 2012.20 FEET		
TO THE POINT OF BEGINNING.		
CONTAINING 542.26 ACRES, MORE OR LESS.		

DESCR1PTION PARCEL 2  (AS PREPARED BY SURVEYOR)			
A																	
PARCEL OF LAND LYING NORTH OF OSCEOLA PARKWAY AND EAST OF STATE		
ROAD	535 IN														
PORTION		SECTIONS 1 AND 2, TOWNSHIP 25	SOUTH, RANGE 28 EAST AND A		
													
	OF SECTION 6, TOWNSHIP 25 SOUTH, RANGE 29 EAST, OSCEOLA		
COUNTY,		FLOR1DA, BEING MORE	PARTICULARLY DESCR1BED AS FOLLOWS:		
											
BEGINNING AT THE NORTHWEST	CORNER OF	SECTION 6, TOWNSHIP 25 SOUTH,		
RANGE 29 EAST, OSCEOLA COUNTY, FLOR1DA; THENCE N89°54'23"E, ALONG THE		
NORTH LINE OF SAID SECTION 6, A								
S00°23'24"E, A						DISTANCE OF 1704.83 FEET; THENCE		
	DISTANCE OF 462.02 FEET TO THE NORTH RlGHT OF	WAY LINE OF		
OSCEOLA					
	PARK.WAY, SAID POINT BEING ON A CURVE CONCAVE TO THE SOUTH		
HAVING A														
			RADIUS OF 3899.72 FEET AND A							
BEING										CENTRAL ANGLE OF 3°06'08" AND		
	SUBTENDED BY A CHORD WHICH BEARS S79°28'47"W 211.12 FEET; THENCE		
RUN WESTERLY AN ARC DISTANCE	OF 211.15 FEET ALONG SAID CURVE TO THE		
POINT	OF		TANGENCY; THENCE S77°55'43"W, A	DISTANCE OF 499.49	FEET TO THE		
POINT	OF						
			CURVATURE OF A CURVE						
				CONCAVE TO THE NORTH, HAVING A RADIUS		
OF 3739.72 FEET AND A CENTRAL				
	ANGLE OF 11 °14'42"; THENCE RUN WESTERLY		
AN ARC DISTANCE OF 733.97 FEET ALONG SAID CURVE TO THE POINT OF		
TANGENCY; THENCE S89°10'25"W, A	DISTANCE OF 2294.78 FEET TO	THE POINT OF		
CURVATURE OF A CURVE								
	CONCAVE TO THE SOUTH, HAVING A RADIUS OF		
3885.66 FEET AND A CENTRAL ANGLE OF							
ARC DISTANCE OF 1000.69 FEET				14°45'20"; THENCE RUN WESTERLY AN		
	ALONG SAID CURVE TO THE POINT OF		
TANGENCY; THENCE S74°25'05"W, A	DISTANCE 1874.00 FEET TO THE POINT OF		
CURVATURE OF A CURVE							
	CONCAVE TO THE SOUTH, HAVING A RADIUS OF		
3899.72 FEET AND A CENTRAL ANGLE OF 11°17'22"; THENCE RUN			
SOUTHWESTERLY AN ARC DISTANCE OF 768.39 FEET ALONG SAID	CURVE TO A		
POINT ON		THE EAST LINE OF SAID SECTION 2, TOWNSHIP 25 SOUTH, RANGE 28		
EAST; THENCE LEAVING SAID											
						NORTH RJGHT OF WAY LINE RUN N03°44'28"E, • ,.		
															4		
DISTANCE OF 1280.45 FEET TO A	POINT ON THE	SOUTH LINE OF A 145-FOOT OUC		
EASEMENT (AS	RECORDED IN OR	BOOK 579, PAGE 572 OF THE PUBLIC RECORDS		
OF								
																	
OSCEOLA COUNTY, FLOR1DA); THENCE N89°52'47"W, ALONG SAID SOUTH		
LINE, A DISTANCE OF 2503.99 FEET; THENCE	S01°12'26"W, A DISTANCE OF 649.93		
FEET; THENCEN88°47'34"W, A DISTANCE OF 100.00 FEET; THENCE S01°12'26"W,		
ALONG A	PROJECTION OF	THE WEST RlGHT	OF	WAY LINE OF POINCIANA		
BOULEYARD, A DISTANCE OF 500:00 FEET;					DISTANCE OF		
206.32 FEET TO THE NORTHWEST			THENCE N89°5 l '59"W, A			
	CORNER OF THE SOUTHWEST 1/4	OF THE		
NORTHEAST 1/4							
	OF SAID SECTION 2; THENCE S00°16'37"E, A DISTANCE OF 363.23		
FEET TO A POINT ON THE EASTERLY RIGHT	OF	WAY LINE OF STATE ROAD 535,		
SAID POINT BEING ON A CURVE	CONCAVE TO	THE NORTHEAST HAYING A		
RADIUS OF 17070.73 FEET AND A				
	CENTRAL ANGLE OF 1°45'13" AND	BEING		
SUBTENDED BY A CHORD WHICH BEARS N37°46'3 l "W 522.44 FEET; THENCE RUN		
NORTHWESTERLY ALONG SAID	CURVE, AN ARC DISTANCE OF 522.47 FEET TO		
THE POINT OF TANGENCY; THENCE N36°53'54"W, A DISTANCE OF 1557.79 FEET TO		
A POINT ON THE NORTH LINE OF THE							
										NORTHWEST 1/4 OF SAID SECTION 2;		
THENCE S89°52'24"E, ALONG SAID NORTH LINE,	A DISTANCE OF 1247.33 FEET TO		

THE NORTH 1/4 CORNER OF SAID SECTION 2; THENCE S89°52'54"E, A DISTANCE OF

2850.25 FEET TO THE NORTHWEST CORNER OF SECTION 1, TOWNSHIP 25 SOUTH,

RANGE 28 EAST; THENCE N89°46'55"E, ALONG THE NORTH LINE OF THE
NORTHWEST 1/4 OF SAID SECTION 1, A DISTANCE OF 2600.92 FEET TO THE NORTH

1/4 CORNER OF SAID SECTION 1; THENCE N89°46'58"E, A DISTANCE OF 2825.60

FEET TO THE NORTHEAST CORNER OF SAID SECTION 1; THENCE N00°14'25"W, A
DISTANCE OF 197.89 FEET"TO THE POINT OF
BEGINNING.	'

CONTAINING

157.00 ACRES,

MORE

OR

LESS.

less

and

except

LEGAL

DESCRIPTION

PARCEL

1~

A	PoR·noN	OF LAND LYING	IN SECTION	1,	TOWNSHIP 25 SOUTH.	RANGE		28		EAST;	A PORTION OF		
														
SECTION  2,													
		TO\"vNSHIP		25 SOUTH,		RANGE										
								28	EAST,		OSCEOJ.J\	COUN1Y,		FLOR1DA	ON	THE EAST		
SIDE		OF																				
				STATE	ROAD	S35			AND		SOlITH	OF									
													OSCEOLA								
																												
															PARKWAY	AT		THE					
																				POIN'.("	OF		
COI-																										
																						NORTH															
																								09°20'35	11	EAST,											
																											A																			
																																																								
			,,fM},:NCEMENT; THENC;!l							DISTANCE	OF 323.85		FEE"f: TI-					NORTH		
								
58°03'07"	EAST, A	DISTANCE	OF	431.43	FEET;									NORTH 61°12'18°	EAST,					IENCE			
																A DISTANCE	OF	93.99		
FEET;																																	THENCE							
				11-IENCE.	NOR1'f-I	61	°11	'37"	11..o.ST,	A DISTANCE	OF 426.07		FEET;	lHENCE							°12'53" EAST,		
																																	
A	DISTANCE	OF	510.46	FEET;		THENCE NORTH	62°58'35°	EAST,	A											NORTH 61			
										DISTANCE	OF	632.92	FEET TO A		
POINT	Of	CURVATIJRE	OF	A											
					CIRCULAR CURVE									

																																																
OF<	3,459.6t		FEET				CHORD													CONCAVED	SOUTHEASTERLY	HAVlNG	A	R.c\DIUS		

								
ALONG		THE				AND			BF..ARING	OF	NORTH			64°36'57"	EAST;	THENCE	NORTHEASTERLY		
			ARC	OF SAID																
					CUR.VE															
							THROUGH A														
										CENTRAL	ANGLE	OF											
														03°32'39''	A	DTSTANCE OF		
214.01																					
		FEET;		THENCE		NORTH		66°38'20"	E.l\ST,												
											A	DISTANCE		OF	50.19			FE.ET	·ro	A		POIN'r	OF		
CURV.ATI.JRE																							
	OF A	CIRCULAR																					
			CURVE	CONCAVED																
					SOUTf-IBRJ..Y HAVING	A RADIUS OB 3,577.96 FEET		
AND CHORD	BE.ARING	OF NORTH							
																		
			70°43'16" EAST;																																								

CURVE	THROUGH	A		CENTRAL	ANGT...E OP								THENCE		EASTERLY	ALONG	TiiE ARC	Of SAID		

																																																					
								
74°25'05"		EAST,	A DISTANCE	OF 708.84		07°43'43" A	DISTANCE OF	48264	.FEET;	THENCE	NORTH		
					FEET;															
						1HENCE		DEPARTING SAID			SOUTI-IERLY RIGHT-OF-		
WAY	Ll:NE	OF																																

													OSCEOLA PARK\VJ\Y	ALONG		THE	EAS1ERLY RIGI-IT-OFWAY				OF A								
																																													
ROAD							SOU1H 15°41'45"	EAST A																																								LlNE		PROPOSED		
							
				RUN				DISTANCE					275.71																																	
CIRCULAR. CURVE																							OF		FEET	TO	A	POJNT OF	CURVATURE OF A		
																																									
CONCAVED		
BEARThlG	OF	sourn:							SOUTHWESTERLY	HAVING	A	RADIUS OF	600.00	FEET AND	A CHORD		
			13g2.2'38"		EAST;	THENCE									
								EASTERJ	...Y						
											ALONG	THE			ARC	OF	SAID  CURVE		
																																							
THROUGH	A	CENTRAL.							OF																		

							
ANGLE				
04°38'15" A	OF 48.56			
ALONG		SAID	EASTfilU,Y	IUGHT-OF-							DISTANCE		FEET;	TO		A POINT OF	TANGEN<--Y		

							
					
WAY LINE	11°03'31''	EAST		A			
FEET	TO	A	POINT OF	BEGINNING OF	PARCEL	RUN SOtJI'Ji						DJSTANCE	OF 228.17		
						1:	THENCE	D.l-	~ARTING SAID					

																																						
PROPOSED		
RlGITT-OF-	EASTERLY		
									WAY LINE llUN NORTH	74°24'56"		JlAST. A	DISTANCE	OF 693.86		FEET;	11-									
																																														
55°09'34"		EAST, A DISTANCE	OF	64.87	FEET; TI-																												lENCE SOUTH		

FEET; TI-IENCE	SOUTH	68°55'24'' EAST, A				IENCE NORTH	49°25'34"	EAST, A	DlSTA..1\J'CE	OF 354.8~		
															118.69							
																FEET;																
																	n-IENCE NORTH	299				
																										
A	DISTANCE	OF				FEET;	THENCE			DISTANCE OP					10'03" F..ASl\		
								SOUTH	84°09'16"	EA.ST,	A																							
sourtt		11°26'07';	9f60								DISTANCE	OF	184.70 FEET; THENCE		
			WEST. A ors·rANCE		OF					FE'ET; THENCE					
											SOUl1i 20°08'39"	Wr'..ST, A							
																																		.215.14										
OP	329.53 FE.ET,	DIST.,\NCE		
				
															THENCE	SOUTH 89°39'09"	WES"£',		A														OF  106.95	__	.FEET;	THENCE	SOUTI-i		
01Q40'23"		WEST, A	DISTANCE	OF		12.57 FEET;									DISTANCE							
																																																						
FEET;	THENCE	NORrn	64°35	1											THENCE NORTH		03°44'06" WEST, A DISTANCl:.	OF 21.00		
								WEST, A DISTANCE															
				11"		OF					FEET;	THENCE	sourn 69°58'14"	WEST,		

A	DJSTANCE OF	207.01	FEET; THENCE	SOUTI-l	18°42'16"			4.3.42						
						EAST, A																											

SOUTH	46°0G'48"		EAST,	A DISTANCE OF	145.60	FEETi														DISTANCE		OF 537.60 FEET; THENCE		
							THENCE soun-r									
								26°56'05"	EAST, A	:OIST.ANCE	OF		
126.80	FEET;																																							
nIENCE	SOUTH	00°50'17"	\VB.ST,	A .		
																																							OISTANCE OF	117.60	FEET;	THENCE					41	°37'38"		
								
\VEST,	A	DISTANCE OF	37205		FEE'f;	THENCE	SOUTH	75°37'46"		WE.ST,													SOlJTI-l				
											A	DISTANCE OF 217.37	FEET;		
THENCE														
		SOlJnI 71 °00'10''	\VEST.	A DISTANCE														
					OF		590.86	FEET;	THENCE	SOUTH	74°~6'35"		WEST, A		
																					
DISTANCE	OF	464.89	FEET; THENCE NORTH									'1!E.ST, A											
													DISTANCE OF	97.20	1-"EIIT TO				
																A	POINT		
OP	CURVATIJR.E	OF	A	CIR.							CURVE	06°53'35"								

CULA.R				
CHORD		BEARING			NORTH								CONCAVED EAST HAVING A.RADJUS	OF	850.00	FEE1'A.1\lD		

OF				
CURVE																						14°43'5l''  EAST; THJ-:.NCE		NOR'I'HERLY ALONG	THE ARC	OF SAID		
																																																		
THROUGH A		
																	CENTRAL	ANGLE	OP	43°14'55" A	DISTANCE			641.61			FEET	TO A	POINT	OF		

REVERSE	CURVATURE OF	A		CIRCULAR CURVE																			OF									
																																																
1,025.00 FEET	ANO CHORD BEARING										CONCAVED NORTHWEST	HAVING	A RADIUS	OF		
		OF NORTH 19	9	07'28"		EASTi	THENCE									

NORTIIE.		
THE	ARC	OF	S.AlO	CURVE	THROUGH	A	CENTRAL	ANGLE	OF 34°27'41"												ASTERLY ALONG		
										A DISTANCE OF 616.~0	FE.ET;		
THENCE		NOR.TH	t	1°03'31"	\W-,ST,	A											

																													DISTANCE	OF 145.42	FEET TO THE POINT	OP	BEGINNING.					

CONTAINING

43.197

ACRES

(1,881,664.42

SQUARE

FEET),

MORE

OR

LESS.

F'ARCEL2:		
A POR"rlON	OF	LAND	IN	SECTION 1.	TOWNSHIP 25			
SECTION	2,										LYING				SOUTH,	RANGE	28		EAST;	A	PORTION OF			
		TOWNSHIP		25	SOUTH.		RANGE	28	EAST,														
										OSCEOLA										

																																											

						
OF STATE ROAD	535	ANO	SOUTH	OF	OSCEOLA																COUNTY,	FLORIDA	ON THE	EAST SIDE		

PARKWAY	THE	POINT	OF			
THENCE;	NORTH	0920'35"							A		DISTANCE	OF 323.85			AT							COMMENCEMENT;				
													FEET;																					
											
DISTANCE OF 431.43									EAST,						THENCE	NORTH		5803'07"										
	FEET;																																																				
								
		THENCE	NORTH		6112'18"																																						EAST, A				

NORTH	6111	'37''EAST,	A		DISTANCE	OF	426.07		FEET;		EAST, A	DISTANCE OF	93.99	FEET:	THENCE				
										THENCE								
																		NORTH																																	
					
510.46 FEf:T;		THENCE	6112'53"	A DISTANCE Of=		
			NORTH	6258'35-	EAS"r,	A																																EAST,			

OF A	CIRCULAR																																					DISTANCE	Of		632.92	FEET TO A	POINT	OF	CURVATURE		
																																																								
CURVE	CONCAVED	SOIJTHEASTERLY				
					
BEARING	OF	NORTH		6436'57"EAST;																				HAVING A RADIUS OF		3,459.61		FEET	ANO CHORD		
					THENCE NORTHEASTERLY																				
																																		
THROUGH A	CENTRAL		ANGLE	OF		0332'39"A	DISTANCE OF						ALONG	THE	ARC	OF	SAID CURVE			
								214.01	FEET;															
							
EAST, A	DISTANCE	017)50.19	FEET	TO A																																		THENCE		NORTH	6638'20"			

						
SOUTHERLY HAVING	A	RADIUS OF						POINT OF	CURVATURE OF	A	CIRCULAR	CURVE	CONCAVED		
				3,577.96		FEET							
							ANO	CHORD										
									BEARING		OF									

							
THENCE EASTERLY	ALONG	THE ARC Of= SAID	CURVE THROUGH A									NORTH	7043'16"	EAST;			
				CENTRAL													
DISTANCE	OF 482.64						ANGLE	OF	0743'43''A		
			FEf:T;		THENCE	NORTH											
											1			11																						
																																														
OE~ARTING SAID																		7425 05		EASi,	A	DISTANCE		OF 708.84	FEET:	THENCE			
	SOUTHERLY																					
		RIGHi-OF-WAY	LINE											
				OF														
																	OSCEOLA	PAPJ<VJAY	ALONG															
RIGHT-OFWAY LINE	OF=		A														THE		EI\STERL.Y		
				PROPOSED																			
											RUN															

																																																							
ROAD		SOUTH	A			
A	f'OINTOF	CURVATURE		OF A	CIRCULAR	CURVE								1S41'45ftEAST		DISTANCE	OF		275.11 FEET TO		
								CONCAVED SOUTHWESTERLY										
600.00	FEET AND A	CHORD										HAVING		A	RADIUS	OF		
				BEARING		OF	SOUTH									
																																																		
1322'38"EAST;		
OF SAID	CURVE	THROUGH	A	CENTRAL	ANGLE OF 0435'15"A					THENCE		EASTERLY ALONG	THE A~C		
							DISTANCE						
TANGENCY ALONG	SAID												OF 48.56	FEET: TO	A	POINT	OF		
		EASTERLY													
			RIGHT-																									
																																					
OF-WAY	LINE RUN	SOUTH			
					
228.17	FEET; THENCE DEPARTING	SAID																															1103'31"								A DISTANCE	OF=		
			PROf;.>OSEO	EASTERLY																EAST				
					
RIGHT-		
7424'5ij"	Of=	693.86	FEET;	OF-WAY	LINE	RUN	NORTH			
				EAST, A DISTANCE					THENCE SOUTH	5509'34"																													
					
FEET;	THENCE	NORTH	4925'34"	EAST. A																														EAST, A	DISTANCE	OF	64.87			
						
DISTANCE	OF	118.69	F'EET:													DISiANCE OF	354.86	FEET;	THENCE	SOUTH 6855'24"	EAST,	A		

THENCE	NORTH	2910'03"	EAST.		
SOUTH 8409'Hr	EAST, A			DISTANCE		OF 184.								A	DIS'fANCE	OF 95.60 FEET;	THENCE				
							70 F'EET;	THENCE								
215.14 FEET; THENCE												SOUTH	112fi07"	WEST. A DISTANCE				
	SOUiH															OF		
		2008'39"WEST,A												
			DISTANCE										
				OF	329.53	FEET,							
WEST.	A																					THENCE	SOUTH							
		DIS'rANCEOF	106.95									8939'09"		
				FEET;																						
					THENCE SOUTH	0140'23~																		
					
THENCE	NORTH	0344'00" WEST, A	DISTANCE		OF														WEST. A	DISTANCE		OF		12.57	FEET;				

																																																						
							
21.00 FEET:	THENCE		
DISTANCE.	OF 43.42	FEET;	NORTH	6435'11"		
				THENCE		SOUTH	6958'14"																																							WEST, A				

SOUTH 1842'16"EAST, A		DISTANCE		OF 537											WEST, A	DISTANCE OF	207.01		FEET;	THENCE				

.60 FEET; THENCE	SO\JTH		
145.60 FEE:r; THENCE	4606'48"	A	DISTANCE OF			
		SOUTH	2656'05"																							126.80	FEET;				EAST,					
								
EAST, A DISTANCE OF					
WEST, A DISTANCE	OF	117.60	FEET;	TO	THE	POINT OF																				THENCE	SOUTH	0050'17"		
							BEGINNING OF PARCEL 2:							
8111'48"							A													THENCE	SOUTH			
																																															
			EAST,		DISTANCE	OF	237.72		FEET TO A										CURVATURE	OF A																			

CONCAVED	SOUTH.WEST	HAVING A	RADIUS						POINT OF				CIRCULAR	CURVt;				
					OF 827.62 FEET	AND	CHORD													
								BEARING											
EAST;	THENCE																					OF	SOUTH	5831'1~		
		SOUTH~STERLY															
			ALONG													
				THE ARC				SA!D													

							
OF				
45i0'26.a A	DISTANCE	OF		652.52	FEET;																						CURVE THROUGH A		CEi'IJ1RAL					OF		
										THENCE	SOUTH	502ro1·																															ANGLE			
						
THENCE SOUTH	2556'52"EAST	A DISTANCE	Of=	123.12		FEET;					WEST A DISTANCE		OF	279.26 FEET:			
							THENCE	SOUTH													
DISTANCE OF											4336'02~													

	360.27 FEET;	WEST A		
THf::NCE	NOR.TH		4269'35"		A	DISiANCE	OF			
										
NORTH	8408'40"																																										WEST				365.18		FEET;		THENCE				
										
WEST A	DISTANCE	OF				
339.94 FEET; THENCE	NORTH		
44.48 FEET;	25?4'12"		
		THENCE NORTH		08?8'11"					A DISTANCE	OF 22.8.04	FEET;							WEST, A	DISTANCg	OF		

WEST,	A DISTANCE OF	87.53		FEET;					EAST,					THENCE	NORTH		31	?9'32•			
						THENCE NOR.tH	41?7'38"							A													

THE POINT	OF BEGINNING.																																				EAST,		DISTANCE	OF	372.05		FEET; TO			

CONTAINING

12.849

ACRES

(559,74-0.04

SQUARE FEET),

MORE:

OR

LESS.

PARCEL

3:

A PORTION OF LAND			IN SECTION 1.	TOWNSHIP 25													
					LYING			SOUTH,	RANGE 28	EAST; A PORTION OF			
SECTION 2, TOWNSHIP 25	SOUTH,												
														
										RANGE		EAST,														
													28															
															OSCEOLA											
OF STATE	ROAD 535 AND SOUTH OF	OSCEOLA PARKWAY	COUNTY,	FLORIDA	ON THE EAST SIDE		
									
THENCE	NORTH	09°20'35"EAST, A							AT THE POINT OF	COMMENCEMENT;				
																							
										DISTANC~ OF	FEET;											
															323.85												
DISTANCE:	OF 431.43 FEET;	THENCE								THENCE NORTH 5s•o3•or	eAST. A			
																				
										NORTH	61°12·18"							93.99						
															EAST, A											
NORTH 61.	11'37"EAST. A DISTANCE OF							DJSTANC50F			F!f::ET;	THENCE			
		426.07 FEET; THENCE NORTH								
											
610.46 FEET:																		61°12'53"						
																					EA.ST, A					
			THtNCE NORTH	62"58'35"												DISTANCE	OF		
																					
												EAST. A														
CURVATURE OF	A	CIRCULAR							DISTANCE	OF 632.92	FEET TO A POINT OF				
																	
								CURVE	CONCAVED SOUTHEASTERLY			A							
FEl:;T AND CHORD aEARING	OF	NORTH	64°36'57"EAST;				HAVING		RADIUS OF 3,459.61			

															THE:NCE											
																		NORTHEASTERLY		ARC OF		
																								ALONG THE			

	SAID CURVtTHROUGH A CENTRAL	ANGLE;	OF																						OF 214.01	FEET;															
03°3<?'39"A DISTANCE					
	66°38'20"EAST.		A DISTANCE		OF	50.19	FEET	TO A POINT OF	CURVATURE OF	A							THENCE	NORTH		

	CONCAVED	SOUTHERLY	HAVING A RADIUS		OF																																CIRCULAR	CURVE		

3,577.96	FEET	AND	CHORD BEARING		NORTH			
								
	70°43'16"EAST; THENCE EASTERLY ALONG THE	ARC OF SAID	CURVE	TH~OUGH A		OF						
					CENTRAL	ANGLE		
	OF or43'43"A DISTANCE		OF	482.64 FEET;														
					THENCE	NORTH	74•25•05"									
									EAST. A											
	FEET;			THENCE	DEPARTING										DISTANCE		OF	708.84		
						SAID	SOUTHERLY	RIGHT-											

								
							
	THE	EASTERLY RIGHT-OFWAY																									OF-..WAY	LINE		OF		OSCEOLA		PARKWAY ALONG		
			LINE OF A Pf:tOPOSED ROAD												
																							
					RUN SOUTH 15"41'45"EAST	A DISTANCE		
	OF 276.71	FEET TO A																
										OF	CURVATURE	OF A												
	HAVING A RADIUS		POINT				CIRCULAR CURVE		CONCAVE:0 SOIJrHWESTERLY		
		OF	600.00		FEET	AND		A	CHORD						
										BEARING	OF										
																															SOUTH 13•22	1																								
	EASTERLY	ALONG TH~		ARC		OF																38" EAST; THENCE				
																																	
							SAID CURVE THROUGH A CENTRAL	ANGLE						
																		OF	04°38'15"A	DISTANCE		
	OF 48.56 FEET:	TO A POINT												
			OF	TANGENCY	ALONG	SAID EASTERLY							
							RIGHT	-OF-				
														LINE						

	11 "03'31"EAST	A DISTANCE	OF	228.17 FEET;																																				WAY			RUN	SOUTH		
					THENCE OEPAAilNG SAIO PROPOSED										
	OF-								LINE																							EASTERLY	RIGHT-		
										RI•-~	NORTH 74"24'56"EAST.		A						
	WAY						DISTANCE	OF 693.86 FEET;	THENCE	SOUTH									
	EAST,		A	DISTANCE		OF 64.87	FEET;																		55c,09'34"		
								THENCE NORTH	49•25•34"		EAST, A	DISTANCE	OF										
	THENCE:	SOUTH 68°5S24"	EAST,										354.88	F~ET;		
					A DISTANCe	OF																
																															
118.69 FEET;	THf:NCE	NORTH		
	DISTANCE OF		95.60	FEET;	THENCE SOUTH 84"09'16" EAST, A		DISTANCE:		OF					29°10'03"		EAST,	A		
										184.70	FEET;		THENCE		
	SOUTH	11•26	1						WESi,														
	329.5~					07"		A	DISTANCE OF	215.14 FEET; THENCE SOUTH 20°08'39"WEST,A	DISTANCE OF		
				FEET,													
																								
					THENCE SOUTH 89°39'09"WEST,	A																																														
					
	WEST, A	DISiANCE	OF	12.57			FEET;	THENCE:					DISTANCE OF	106.95		FEET:	THENCE SOU"fH	01"40'23"		
										NORTH.03"44'06"WEST.A		DISTANCE	OF 21.00					
	Tl:iENCE NORTH		64"35'1r			WEST, A							FEET;		
																									
							DISTANCE	OF	43.42	FEET; THE;NCE						
												SOUTH	69"58'14"												
	DISTANCE OF																												
																																											
		207,01 FEET;	WEST, A		
THENCE SOUTH	18°42'16"EAST,	A		
	SOUTH 46°06'48"EAST, A	DISTANCE OF	145.60	f=EET;						DISTANCE OF		537.60	FEET;		THENCE		
					THENCE SOUTH																	
																															26°58'05~EAST, A	DISTANCE OF		
	126.80 FEeT; THENCE SOUTH																		
		00°50'17"WEST,												
			A DISTANCE OF												
			117.60 FEET;		
	EAST, A DISTANCE	OF	237.72 FEET TO	A		POINT OF	CURVATURE OF A										THENCE	SOUTH	81"11'49"		
									Cl~CUI...												
	SOUTHWEST																																							CURVE	CONCAVED		
																																																				
		HAVING A		FW)JUS	OF	827.62 FEET					CHORO																					AR				

	THENCE	SOUTHEASTERLY														ARC					AND		BEARING OF SOUTH	58°31'13·EAST;		
																		OF SAID	CURVE					
																					iHROUGH	A													
ALONG THE										
	45'10'26~	A	DISTANCE OF	652.52	FEET;	TO THE	POINT	OF BEGINNING	OF	CENTRAL ANGLE	OF					
										~ARCEL	3:																
	ALONG		SAID ARC OF A																							THENCE	CONTINUE:		
				CIRCULAR CURVE CONCAVED SOUTHWEST HAVING A										
	AND A		CHORD											RADIUS OF 872.62		FEET		
				BEARING		OF SOIJrH	27.24'05"EAST;																																	

	CURVE		THROUGH A	CE,;NTRAL																						THENCE SOUTHERLY ALONG	THE ARC	OF	SAID		

	66°18'34"EAST. A	DISTANCE				ANGLE OF 17°03'49"A		DISTANCE	OF	246.48 FEET	THENCE		NORTH				
			OF	96.29 FEET;	THENCE										
						NORTH	47°43'27"																	
																																							
	FEEi;		THENCE																																					31B.21		
															8																																						
													
					NORTH			EAST, A DISTANCE OF			
	DISTANCE OF				14		06'39"WEST, A OJSTANCE	OF	70.78		F=EET;	THENCE SOUTH		76"35'01"	WEST, A		
		20.87	FEET;												
					THENCE NORTH 67"26'35"EAST, A DISTANCE	Of=		69.37									
	NORTH		32•01	1								FEET; THENCE				
																											
				06"		WEST, A	DISTANCE OF 153.12 FEET; THENCE NORTH													
	276.18 FEET;									41°48'54"WEST,A DISTANCE OF		
		THENCE							
												51	6																																									
NORTH		03'59"WEST, A		
	EAST,	A	DISTANCE-OF								FEET:																DISTANCE OF 131.29 FEET; THENCE NORTH	59°41'38"		
	iHE;NCE		SOUTH							170.84		THENCE	NORTH si-46'14"EAST, A	DISTANCE	OF		254.99	FEET;		
					72"13'46• EAST, A										
						DISTANCE	OF 228.54 FEET;																	
								THENCE	SOUTH								
																						47•31•s~"	EAST,						
	DISTANCE OF 386.03 FEET;															A				
		THENCf= SOUTH	38°38'06"EAST. A	DISTANCE OF											
					444.45										
	SOUTH		26°16'32•EAST,										FEET;		THENCE		
				A DISTANCE OF 409.28	f=EET;		THENCE SOUTH	38	1		1						
																																								
	456.29		FEET; THENCE SOUTH		82"18'40"																				38 12"	WEST, A	DISTANCE OF		

WEST, A		
	WEST,	A		DIS'fANCEOF	279.72			FEET:																DISTANCE OF 69.67 FEET; THENCE	NORlH	32.					
									THENCS NORTH 65°55'11"WEST, A	DISTANCE		OF 88.58				28'33"		
	THENCE	SOUTH	84"42'32"WEST,									FEET;		
				A DISTANCE	Or																												
161.86 FEET:	SOUiH			
.	DISTANCE OF	242.84	FEIT;		THENCE SOUTH		24"06'34"!:AST. A	THENCE			01"43'06.	WEST,	A			
								DISTANCE OF	98.59	FEET;						
											THENCE				
	SOUTH	48"41'55"EAST, A															
				DISTANCE	OF																
						119.49	F..EET;	THENCE									
										SOUiH																	
																																73·1a·1a·WEST. A DISTANCl: OF		
	358.14 FEET: THENCE: NORTH		85,.17'20"																																
	WESTERLY ALONG	SAID	LINE.			A							WEST, A	OISTANC~ OF 136.77		FEE:T;	THENCE	CONTINUE					
							DISTANCE OF												
																																											
								366.08 FEET; THENCE NORTH 75°05'41"WEST, A					
	DISTANCE OF 382.69																			
			FEET; THENCE NORTH										
					14°00'45"EAST. A		DISTANCE OF		140.97	FEET;		THENCE		
	NORTH	43"53'21"WES'f,A DISTANCE OF																
			163.26		FEEl;														
								THENCE SOUTH 44°03'56"WEST,A		DtSTANCE OF		
	217.0'fE=EET;	THENCE NORTH	so•30•39h											
					WEST, A									
						DISTANCE OF																																		
	WEST, A																												211.48 FEET; THENCE NORTH 40"00'28"		
		DISTANCE OF 225.75	FEET;							
				THENCE NORTH		25•44•12	11			
	Tl-											WEST, A DISTANCE	OF 207.42	FEEi;		
						SOUTH																																

	rENCE		84°08'40"	EAST, A	DISTANCE OF 339.94 FEET; THENCE SOUTH	42°69'35"								
	DISTANCE OF 365.18																				
		FEET;																							
			THENCE NORTH	43"36'02"EAST. A	DISTANCE; OF		360.27					EAST, A					
	NORTH	25°58'52"WEST,											FEET:	THENCE		
			A DISTANCE	OF															
						123.12 FEET; THENCE	NORTH	50										
									4	2T01"													
	279.26 FEET; TO	THE	POINT	OF															EAST, A DISTANCE OF		
					BEGINNING.																																

CONTAINING	42_	ACRES	'.		
.810		(1,864,851.45	SQUARE	MORE			
FEET),		OR LESS.			

,

..

I

TO

CoNS£N.TANDJOun>U.Of~R	
t1f	/.. COMVIJNITY	DEVt:.LOl'Mr.Jff	
Es-rdt.JS'Hl\iJtNT			

Dlst~(:T

hereto

Tbe 1.U1dcfflgnc:d	is the: owna of cettlin		
and made a pan hereof (""PJopenyj	.		

J.mds

moe

tully

dcmbe.cl

on

E:daibi.t

A,.

atucl\ed

The ~d				
	uodcrswid		
{..Peti.tiond")	i"Mcnds ta	submit	~		

			Vonharo 1.	,		
., and. &Cknoww~ th.at	Osceola 'Parkway		L.L.C..		
peti'lion lO establish a Coaunuoity	.Dc-n.1QpDCDt	District in		

accordance

wiib.

tht

provisions

of

Chapter

190

of

tbc

Florida

Swatcs.

As W\  owner	of lands	~eb are  intended 10	romdtuc	a	portion	of tho	Commumty		
									lo	the		
							. uodcrstJmds	and ad::nowled&es that  pursuaa.t				
Dc:vdopmcat	Dimia, die  undemgned							required to include	the	wriUcD		
					Flood& Statutv:a. tM P~tioner is:					
provisio:a.a q( Section 190.00$,						
				pereent		
consent	to 1hc	C&tablisllmcm	of the CCJ'lm&Ubity	Developmc,at	DIS'Cric:t	of QQD ~d			
				wilhin the Comm.lmi,y	Development Dtnrlot	.		
(100%)	of The owom o!tlie lands to be inoltabt					

Tb.a 'Wldc:m1P'4							.c-.nt of a Co~um1)'	Pevelopment		
				bel,,by	consents	to lho establbbm									Cam.mum\)'		
						within 1he	lmdS to	be	a	part	of the				
Distri<:t	~~	will	include	the	PlopGrty										
																.at		

Development Distri,c;;t and ~ to fwther e>IXCUIC any documentation	neCC$AfY or r,;OtlYmic		
							or the		
to evid=oc thii ~ and joiddcr dmmc the .applicmou	pro<:c»ro	far the	~li.$l!pent			

Community

Development

Dil'ltdt-t,

·

n. Wider.signed aclaiowlcdg.:,s that	tru; consc::nt -will nmain in !ul1	f010e and etrect	uoti1		
			date	hereot Which		
the Community	Dcvcloptnc:n.C Oi$met	ii ~Uabed «	1bRe p:an £ram tbe				
					~ MXt pur-::b.uw		
				that it ril pn;rvi~	~			
cvei $lwl first OCM.	.The undersigned i\lnhcr'agrc,ris					
					consent tonn and		
~r oueces:sor ia	~est of all or any	J)OJ:tion of the Property a ~PY of this			
				Dcvclopmmt		
obwn, if requin:d by	Pcti.tios1cr, e<mt~	'tO establishment o£ the Community			
						
Imtrfot in subscmitially this Conn.										

The: ,l.111C:Untpu h~y repre;ents and w.ur.mtc th2t	it bu tu:cu all actioo.,	and		
				
all cocsents necessary to duly 1111thorlzc	the cxecutio11	ofti• comen, .md j<-irad-¢t by th.e		
.						
executin,z 1bis instnUnc:nt						

<>btiinccl

officer

LoJcuted

thl.~

/

cf.,,

of

./Zt/C /

.

2~-·

LE.GAL

DESCRIPTION

PARCEL

1:

A	POR·noN	LAND LYING	IN SEC'nON	1,			
SECTION			OF				TOWNSHIP 25	SOLITH.	RANGE	28		EAST;	A	J>QRTION OF		
		2, TO\"QNSHIP 25	SOlJI'H, RANGE										
				28		EAST,	OSCEOl..t\ COUNTY, FLORlDA ON THE EAST		
SIDE			OF		STATE			ROAD								
												535		AND										
																SOUTri		OF					
																					OSCEOLA		PARKWAY	.r\T		THE		POINT	OF		
COMM}-.																														

									
:NCEME":l'r;	09°20'35"		EAST,	A			
THENCE NORTH							
DISTANCE	OF	323.85	FE.ET: 11-		
58°03'07"		EAST;A	DISTANCE	OF	431.43	FEET;	THE.NCR		NORTH 6r12'18"	EAST.	A				IRNCE	NORTH		
												DISTANCE	OF	93.99		
PEET;	THENCI! NOR"J.'1-								I.lo.ST,															
										A DISTANCE.	OF 426.07	FEET;																													
A	DISTANCE	Of'	510.4()	161°11'37"					'IHENCE NORTH	61°12'53"	EAST,		
				FEET;	THENCE										0					1															

			S8'35'		EAST,	A			
POlNT	Of	CURVATIJRE OF A							NORTH 62.					DISTANCE	OF	632.92	FEET TO A		
										CURVE.																							

CIRCULAR				
OF	3,459.61	FEET AND	CHORD	BE.												CONCAVED	SOUTHEASTER.LY	HAVING	A	RADIUS		
																									0									
																																																					
																											OF		NORTH M	36'57"	EAST;																									
ALONG	THE	ARC	OF SAID		CURVE	AfUNG						Tl-iENCE	NORTHEASTERLY		
						THROUGH A		CENIRAL														
									ANGLE		OF												
													03°32'39"	A DISTANCE O.F		
214.01		FEET;	11-IENCE																				
				NORTH  66°38'20''	EAST,  A																		
						DISTANCE		OF		50.19					
														Pl!ET		TO		A	POlNT  OF		
																													
CURVAnJRE OF A CIRCUUJ\	CURVE																			

				
																															CONCAVED	SOUTI-m.RJ...Y	HAVING A	RADIUS OB'						FEET		

AND CHORD	BRAR.ING	3,577.96			
				
																				OF NORTH 70°43'16" EAST; THENCE.		EASTERLY	ALONG THE	ARC Of. SAID		
CURVE THROUGH A CENTRAL	ANGT...E OF																						

74°25'05"		EAST, A	DISTANCE OF 708.84				07°43'43" A		DISTANCE OF	48264 FEET;	THENCE	NORTii		
					FEET~																
						TIIENCE DEPARTING SAID												
								SOUTI-lERLY								
																																																
WAY	LlNE	OF	RlGHT-OF-		
					
											OSCEOLA	l'ARKWAY	ALONG	11-iE	EASTERLY RIG.HT-OF-WAY					OF	A									

ROAD RUN SOUTH	15°41'45"		EAST A	DISTANCE																															IJNE			PROPOSED		

							
CIR.CUI.AR.	CURVE																											OF 27~-71		FE.ET	TO A		POJNT OF	CURVATURE	OP A		
																																													
CONCAVED		
BE.AR.ING		OF	SOUTH							SOUTHW'E..<rrEI<l...Y	HA\TING A	RADIUS	OP	600.00	FEET AND	A CHORD		
				13°22'38"		EAST;		THENCE									
										EASTERl.-Y							
												ALONG		THE		AR.C	OF	SAID  CURVE		
THROUGH A CENTRJ\L																										
	ANGLE OF 04°38'15"																		
		A DISTANCE OF 48.56																								
			FEET. TO A POINT OF TANGENCY		
ALONG	SAID														
		EASTIDU.Y	RlGHT-OF-					LINE RUN	SOtITli							
										11ao3•31••		EAST	A																	
																																							
FE.ET TO A POINT	OF											WAY								DJ.sTANCE		OP	228.17		
		BEGINNING OF	PARCEL		1:	THENCE Dl:.																									

								
							
PARTJNG SAID PROPOSED		
RIGITT-OF-	LINE	RUN	NORTH	EASTERLY		
6				11				WAY				74°24'56" llAST. A	DISTANCE OF		693.86			FEE1';	11-											

55 09'34		EAST, A. DISTANCE		OF	64.87		FEET;	TI-IENCE	NORTH	49°25	1		11															!ENCE SOUTH		
																																							
FEET; TIJENCE SOIITH	68°55'24''												34			E.k)"f, A	DISTANCE	OP	354.8~		
		EAST, A DISTANCE OP	118.69	FEET;																			
					TIIENCE NORTH	299~0'03"	F..AS1\		
A	DIS1"..A..NCE OF 95.60											
			FEET;	'rP.S.~CE. SOi..J'r'ri	84"'09'ltfe									
							E.A.ST,	A	DISTANCE	OF	184.70 FEET;	TimNCE		
SOUTH	11	8	26'07"	WEST, A														
					DISTANCE	OF													

						
																																	215.14 FEB"f; TI-JENCE	SOlnli 20°08'39"	WEST,	A								
OP	329.53	FEET.	THENCE	SOUTH 89°39'09"	WE.ST,	A	DISTANCE	OF-	106.95			.FEET;					DISTANCE		
													TiiENCE	SOUTI-i		
																	
01"'4-																							
				~'EST, A DISTANCE	OF	1257																
							P'EETi																			
0'23"							
FEET; THENCE									64°35	1										THENCE	NORTH	03°44'06"	WEST, A DISTANCE OF 21.00		
										11"	WEST,	A DISTANCE.	OF 43.42	FE.el';																														
A											NORffi							THENCE SOUTH	69°58'14"	WE.ST,		
												207.0t	FE.ET;																																							
								
DlSTANCE OP			THENCE SOUTH	18°42'16"		EAST,	A DISTANCE	OF	537.60 FEETj	lHENCE		
																																		
SOU'TH	46"'0G'48" EAST,	A												145.60	FEET; THENCE sounr																								
																																											
																				DISTANCE OF																			DIST..'\NCE OF		
126.80	FEET;								sourn 00°50'17"																														26°56'05" EAST, A			
						
										1HENCE															\VEST, A-	DISTANCE OF	117.60	FEET~		THENCE								°37'38"		

								
WEST,	A DISTANCE		OF	37205 FEE'f; THENCE SOUTH	78°37'46"																							SOUTH 41			
							WEST, A DISTANCE OF	217.37	FEET;		
TIIENCE																						
		SOlJnI 71°00'10''	\VE.ST. A DISTANCE		OF										
						590.86	FEET;	TIIENCE	SOUTH	74°-36'35"		WEST, A		
																			
DISTANCE	OF	464.89	FEET;																																									

																					THENCE NORTH									WP.ST,	A		DISTANCE op	97.20		1-"EET TO A	POINT		
OF											OF	A		CTRCULA.R CURVE		06°53'35"										
CURVATURE							
CHORD BEARING	OF	NORTH 14°43'51''	CONCAVED	RAST	HAVJNG	A.R.ADJUS		OF	850.00	FEEt•	.AND		
			EAST;																	
					THENCE NOR'I'HERLY ALONG						
						nm	A.RC	OP	S.c\..ID		
CURVE	TiiROUGH	A	CENTRAL	ANGLE	OP											
						43°14'55" A DISTANCE						641.61									
														FEET	TO	A	POINT	OP		

REVERSE	CURVATURE Of	A	CIRCULAR CURVE CONCAVED						OP										
					NORTHWEST		HAVING	A.	RADIUS	OF		
1.025.00	FEET																								
				CHORD BEARlNG	OF NORTH 19																		
						9 07'28" EAST;																					
										ANO				THENCE																								
THE ARC	OF SA.IP	CURVE	THROUGH	A		CENTRAL									OF	34°27'41"	A	NORTHEASTERLY ALONG		
																																										
THENCE NORTH	11°03'.31" WF..ST.	A													ANGLE					DISTANCE OF	616.50 FEJ:~T;		

					
																												DISTANCE	OF 145.42	FEET TO THE										OF																
							
POINT		BEGINNll'tG.			

CONTAINING

43.197

ACRES

(1,881,664.42

SQUARE

FEET),

MORE

OR

LESS.

PARCEL

2:

A								OF LAND LYING	IN	seCTION 1.																																					
POR"rlON				TOWNSHIP 25	SOUTH,		RANGE 28	EAST;	A r1ORTION	OF		
SECTION 2,	TOWNSHIP		SOUTH.															
																																														
OF STATE										25		RANGE 28 EAST,	OSCEOLA COUNTY, FLORIDA	ON THE	EAST	SIDE		
							535	ANO	SOUTH OF															
THENCE	ROAD				OSCEOLA PARKWAY AT THE POINT OF	COMMENCEMENT;			
	NORTH		0920'35"EAST. A							
				DISTANCE	OF					FEET;	THE:NCE					
												NORTH 5803'07"EAST,	A			
DISTANCE OF 431.43	FEET:	THENCE	NORTH		323.86							
				6112'18wEAST, A DISTANCE OF 93.99		FEET: THENCE		
NORTH																																	
	6111'37"EAST, ADISTANCE OF 426.07 FEET:	THENCE NOF{TH	6112'63"		EAST, A DISTANCE Ot=		
510.46								
	FEt::T;		THENCE NORTH	6258'35•EAS'r,A																			
												632.92			FEET TO	A POINi OF						
OF A CIRCULAR	CURVE																	DISTANCE OF						CURVATURE		
																																																
																	CONCAVED	SOVTHEASTERLY					A RADIUS OF																	
BEARING OF	NORTH 6436'67"															HAVING		3,459.61 FEET AND	CHORD		
												NORTHEASTERLY ALONG					
THROUGH A		CENTRAL						EAST; THENCE		THE ARC		OF SAID CIJRVE		

																	ANGLE OF	0332'39"A		DISTANCE																												
																																																							
EAST, A	t(STANCE	OF 50.19	FEET TO	A	POINT OF					OF 214.01		FEET; THENCE	NORTH	6638'20"		
														OF A CIRCULAR							
															CURVE								
																												
																																		CURVATURE										
SOUTHERLY	HAVING A RADIUS OF 3,577.96	FEEf AND	CHORO	BEARING									CONCAVED		

THENCE	EASTE;RLY	ALONG	THE ARC Or SAID CURVE THROUGH							OF NORTH 7043'16•EAST;		
				A	CENTRAL		ANGLE OF	0743'43"A		
DISTANCE OF	482.64	FE£:T;	THENCE	NORTH			11	EASi, A										
																							
																7425'05																											
																																									DISTANCE									FEET:	THENCE		
OEPARTING	SAID	SOUTHERLY	RIGHt-OF-					OF												OF 708.84					

RIGHT-OFWAY LINE Or: A	PROPOSED			WAY LINE		OSCEOLA		PARKWAY	ALONG THE	EASTERLY		

																												

ROAD RUN	1'541			
SOUTH				
'45"EAST A		
A f:'OINTOF	CURVATURE	OF A	CIRCULAR CURVE																DISTANCE OF 275.71		FEET TO		

CONCAVED		
600.00	FEET	AND	A CHORD	BEARING	Of SOUTH							SOUTHWESTERLY	HAVING	A. RADIUS OF		

																																		1322'38"			THENCE																	
EAST;				
EASTERLY		
OF	SAIO	CURVE	THROUGH	A	CENTRAL																															ALONG THE	A~C		

																												ANGLE OF							DISTANCE OF 48.56	FEET: TO	A POINT OF		
TANGENCY	ALONG	SAID																	0435'15"A					
																																																				
																	EASTERLY RIGHT-OF-		LINE																												
228.17	FEET;	THENCE: DEPARTING	SAID						WAY		RUN	SOUTH 1103'31"EAST A DISTANCE or:		
				PROPOSED								

																																			EASTERLY	RIGHT-OF-											NORTH		
7424'56"EAST, A	DISTANCE	01=	693.86	FEET; THENCE	SOUTH	5509'34"		WAY LINE RUN			
							EAST, A	DISTANCE	OF 64.8't		
FEET;	THt;NCE NORTH															
													DISiANCE OF	3~.88	FEET:											

DISTANCE OF							4925'3-4•EAST. A				THENCE	SOUTH 6855'24"EAST, A		
		118.69 FEET:		THENCE NORTH				EAST, A									
																			DISlANCE OF 95. 60		FEET; THENCE			
SOUTH 8409'16.EAST, A															2910'03"							
																	DISTANCE OF	184.70	FEET;	THENCE;	SOUTH		1126'07"WEST, A								
215.14		FEET;	THENCE SOUTH		2008'39''WEST,	A																									DISTANCE OF		

DISTANCE		
																																								OF 329.53	FEET, THENCE								
WEST.	A	DIS'TANCEOF 106.95	FEET;	THENCE SOUTH	0140'23"WEST,		A DISTANCE				SOUTH 8939'09"		
									OF 12.57	FEET;		
THENCE	NORTH	0344'06•WEST, A										

																								DISTANCE OF				FEET:																											
21.00				
DISTANCE. OF		43.42	FEET:	THENCE	SOUTH										THENCE NORTH	6435'11"WEST, A				
						6956'14" WEST, A																
																																	
SOUTH																																				DISTANCE	OF 207.01			FEET; THENCE		
																																																			
				1842'18"EAST, A																																																		
145.60		FEET;									DISTANCE OF	537.60 FEET;	THENCE	SOLITH	4606'48•EAST, A DISTANCE	OF		
			THENCE SOUTH													
					2656'05"EAST,	A						

WEST,	A	DISTANCE	OF 117.60													DISTANCE	OF	126.80	FEET; THENCE	SOUTH	0050'17"		
					FEET; TO THE POINT OF								

																																						
																																						BEGINNING OF							THENCE SOUTH		
8111'49"!:AST. A	DISTANCE	OF	237.72	FEET	TO A															PARCEL 2:				
										OF CURVATURE OF A		CIRCULAR	CURVF;			
																												
CONCAVED	SOUTHWEST	HAVING A									POINT							
																																												
																									RADIUS OF				FEET AND CHORD																	
																																		827.62																		
EAST;	THE~.JCl; SOUTHEASTERLY ALONG	THE ARC OF	SAID CURVE					BEARING	OF SOUTH	5831'13;'		
				THROUGH	A									
						CENTRAL				

4510'26-	A DISTANCE OF 652.52	FEET;	THENCE SOUTH 5027'01Wl:$T.		A	DISTANCE				ANGLE OF		
							OF 279.26 FEET;		
THENCE		SOUTH 2556'52"EAST										
			A DISTANCE	Of=																			
																			SOUTH 4336'02"WESTA					
DISTANCE OF	360.27 FEET;	THcNCE NORTH			123.12 FEET; THENCE							
			4259'35ftWEST A	DISTANCe																	
																																						
NORTH 8408'40"WEST A								OF																							OF 365.18		FEET: THENCE		
																																									
																	D1$TANCE		338.94 FEET;	THENCE NORTH 25?4'12•WEST, A								
																																					
44.48 FEET; THENCE NORTH	08?8'11"	EAST, A	DISTANCE																				DISTANCE OF		
																															
WEST,		A		DISTANCE	OF 87.53	FEET;	THENCE	NORiH					OF 228.04	FEET; THENCE	NORTH	31?9'32•		
THE										4177'38"EAST, A	DISTANCE OF	372.05	FEET;	TO		
	POINT OF	BEGINNING.																							

				

CONTAINING

12.849

ACRES

(559,740.04

SQUARE

FEET).

MORE

OR LESS.

PARCEL

3:

A	PORTION	OF LAND LYING	IN	SECTION 1.	TOWNSHIP 25 SOUTH, RANGE					

												28 EAST; A			
SECTION 2,	TOWNSHIP 25 SOUTH, RANGE	28 EAST, OSCEOLA COUNTY,		PORTION OF		
				ON THE EAST SIDE		
OF STATE ROAD 535 ANO SOUTH OF						FLORIDA			
						OSCEOLA							
										PARKWAY AT THE						
THENCE NORTH	09°20'35"EAST, A DISTANC~	OF	POINT OF COMMENCEMENT;			
			FEET; THENCE NORTH	56'03'0rEAST.	A		
OISTANCe OF							323.85					
			431.43 FEET; THENCE NORTH	61"1Z16" EAST, A						
NORTH										DISTANCE OF 93.99	FE:ET; THENCE		
															
	61•11'~7"EAST. A DISTANCE OF	426.07 FEET:			EAST, A DISTANCE OF		
510.46 FEET;	TH£:NCE NORTH	62·se•35•	EAST.	THENCE NORTH 51•12·53"			
				A							
										DISTANCE						
											OF 632.92	FEET TO A				
CURVATURE OF	A CIRCULAR CURVE							POINT OF			
						CONCAVED SOUTHEASTERLY						
FEET										HAVING A RADIUS OF 3,459.61		
	AND CHORD													
				f3EARING	OF NOR.TH	64°36'67"					ARC OF		
													
										EAST; THE:NCE NORTHEASTERLY ALONG THE			

.

SAID CURVt:	THROUGH	A		CENTRAL		ANGLE:		OF			

03"32'39"A DISTANCE OF	FEET;			
66°38'20"	214.01		THENCE	NORTH		
								EAST, A	OISTANCE	OF			50.19	FEET TO A							OF CURVATURE	OF		A																						

CONCAVEO		SOUTHERLY		HAVING A																	POINT						CIRCULAR	CURVE		
					RADIUS OF 3,577.90	FEET AND	CHORD									
								BEARING	OF					
70°43'16"EAST;	THENCE								NORTH			
			EASTERLY	ALONG																			
					THE ARC OF SAID	CURVE										
OF	07"43'43" A									THROUGH A	CENTRAL	ANGLE		
		DISTANCE									
					OF 482.64	FEET:											
							THENCE	NORTH										

																																																		
					
F'EET;												DEPARTING	SAIO	SOUTHERLY		RfGHT-					74"25'05"		EAST, A	DISTANCE	OF	708.84		

				iHENCE																																																		
OFTWAY	OF			
LINE				
THE EASTERLY	RIGHT-OFWAY		LINE OF A Pf{OPOSED	ROAO	RUN								OSCEOLA		PARKWAY ALONG		
						SOUTH															
OF																						15a41'45"						A						

								
	279,71		FEET	TO		A POINT	OF			CURVATURE	OF A																																						EAST			DISTANCE		
														
HAVING A	RADIUS		OF	600.00		FE.Er AND A										CIRCULAR		CURVE CONCAVED		SOUTHWESTERLY		
							CHORD																	
																																											1										
										
EASTERLY	ALONG	THe;	ARC		OF			SAID															BEARING OF	SOUTH 13•22	38"	EAST;	THENCE			
										CURVE THROUGH A CENTRAL																
																				ANGLE OF	04a3~·1s"								
OF 48.66 FEET;	TO												A	DISTANCE		
		A POINT OF																			
			TANGENCY	ALONG SAID																

11	EASTERLY	RIGHT-OF-	LINE			
	*03'31"E~ST A DISTANCE OF		228.17	FEET;	THENCE	DEPAA"rlNG	SAIO								WAY			RUN SOUTH		
								PROPOS_ED								
OF-WAY	Lu'JERUN		NORTH																																	EASTERLY RIGliT-		
					74°24'56"EAST. A DISTANCE		OF	693.86	FEET;				
																												iHENCE	SOUTH								
EAST, A DISTANCE	OF																	55•09•34•		
		64.87	FEET:	THENCE	NORTH		49·25•34·		EAST, A									
THENCE:	SOUTH	68°5S24''			EAST,										DISTANCE		OF	354.88	F~ET;		
																																	
							A DISTANCE	OF																			
															FEET;														

DISTANCE OF	95.60		FEET:																																			118.69			THE:NCE	NORTH		29°10'03"							

					THENCE	SOUTH		84"09'16.EAST,	A OISTANCf:	OF 184.70		FEET;	EAST, A		
SOUTH	11•26	1					WESi, A										THENCE		
									DISTANCE	OF												
						0T					215.14 FEET; TH!:NCE																																
329.5~	FEET,		THENCE SOUTH		89°39'09"																								SOUTH	2oaos•3g•wt:sT, A	DISTANCE OF		
																																								
WEST, A	OF			
DISTANCE				
WEST, A OIS1ANCE		OF	12.67	FEET;	THENCl;		NORTH.											106.95 FEET:	THENCE	SOU"rH 01•40•i3"		

						
Tl:iENCE NORTH	64"35'11"														A																					03°44"06"WEST. A		OISTANCE		OF 21.00	FEET:		
										
WEST,		DISTANCE OF		
DISTANCE OF	207,01	FEET:		THENCE																43.42 FEET;		TH£;NCE		SOUTH 69"58'14"WEST,A		

							
SOUTH	46°06'48.	EAST,	A	DISTANCE	SOUTH	18°42'16"EAST,	A	DISTANCE OF		537.60	FEET:	THENCE		
					OF	145.60 rEET;		THENCE							
									SOUTH													
126.80	FEET;	THENCE SOUTH			00•50•17"						2e·58'05"EAST, A	DISTANCE OF		
						WEST, A									
															OF										
DISTANCE				
EAST, A	DISTANCE	OF	237.72			FEET		TO	A	POINT OF													117.60 FEET: THENCE	SOUTH 81"11'4~"		
																																																				
SOUTHWEST	HAVING A	RADIUS		OF																		CURVATURE OF A		CU~CULAR	CURVE	CONCAVED		
					827.62 FEET AND	CHORO														
								BEARING	OF												
THENCE																													SOUTH		55•31•13·	EAST;		
	SOUTHEASTERLY																							
		ALONG	THE	Af<C		OF SAID										
							CURVE									
																											
													iHROUGH A CENTRAL													
45•10•2e• A DISTANCE OF												ANGLE	OF			
	652.52				FEET:	TO THE	POINT													
								OF BEGINNING		OF	~ARCEL	3:						
ALONG SAID	ARC	OF	A	CIRCULAR													THENCE CONTINUE:		

AND A		CHORD	BEARING OF													CURVE	CONCAVED SOUTHWEST HAVING A		F<ADIUS OF	67262	FEET		
				SOUTH															
					2r24'05"EAST;																																		
					
CURVE THROUGH A	C~NTR.AL													OF 1									THENCE	SOUTHERLY	ALONG	THE ARC	OF	SAID		

ANGLE:			DISTANCE	OF			
55•18'34"	EAST. A	DISTANCE OF		96.29							ro3'49"A				246.46 FEET	THENCE	NORTH			
						FEET;	THENCE	NORTl-t												
									47°43'27"EAST, A							
FEET; THENCE		NORTH	14.06'39"		WEST,									DISTANCE		OF 318.21		
						A	OISTANCE									
									OF	70.78	F='EET;																	

										
DIST	FEET;	THENCE	SOUTH	76"35'01"WEST, A		
		ANGE OF 20.87			THENCE	NORTH		67°26'35"					A																																	
	1										
										
NORTH	32•01	06"WEST,A		DISTANCE	OF 153.12												DISTANCE Of=	69.37	FEET;	THENCE			
276.18 FEET;							FEET;THENCENORTH41°48'54"WEST,A						
	THENCE NORTH			51		6														
																																	
				03'59"	DISTANCE OF		
WEST, A	OF			
DISTANCE				
EAST,	A DISTANCt	OF 170.84	FEET:		THENCE NORTH		si•46'14"		131.29 FEeT; THENCE	NORTH 59"41'38"		
								EAST,	A																						
								
iHENCE	SOUTH 72°13'4"•EAST,		A	DISTANCE OF																				DISTANCE		OF	254.99	FEET;		
																																										
DISTANCE	OF	386.03	FEET;																																		228.54 Fl:ET;	TH!NCE	SOUTH	47•31'39"									

				THENCE	SOUTH	38"38'06"EAST.	A		DISTANCE	OF 444.										EAST, A			
$0UTH																																							FEET;									

								
	26°16'32•EAST,	A	DISTANCE	OF 409.28		f=EET;		THENCE		SOUTH	35•3ar12"			45			THENce		
456.29													WEST, A					
	FEET;	THENCE SOUTH	82"18'40"																			DISTANCE OF		
												A DISTANCE										
													OF	69.67 FEET;									
WEST,						
WEST,	A	OISiANCE	OF	279.72			FEET;		THENCE NORTH	65°55'11•	WEST, A			THENCE	NORiH	3z•2a•33"		
												DISTANOE						
THENCE SOUTH		64"	42'32"																								OF 88.58	FEET;		
																		A DIST																						

WEST,			Of= 151.86	FEET:			
DISTANCE OF	242.84		FEET;		THENCE						ANOE				THENCE		SOU,H		01.	43•oe·	wesr, A		
						SOUTH 24•00•34•			EAST.	A											
																												
SOUTH	45•41•55"		EAST,	A											DISTANCE OF 98.59	FEET;	THENCE		
					DISTANCE	OF	1'19.49-									

																																																						
								
358,14 FEET:	THENCI::	FEET;THENCE	SOUlH		73•1a·1s·			
								
		NORTH	85.17'20"																																										WEST. A DISTANCl:: OF		
					
WESTERLy	ALONG	SAID	LINE.				A												WEST, A	DISTANCe	OF		136.77 FEET:	THE:NCE	CONTINUE			
								DISTANCE OF												
										366.08		FEET;										

													

DISTANCE	OF		382.69		FEET;	THENCE NORTH	75°05'41"		
								THENCE	NORTH		14°60'45"EAST.	A	DISTANCE OF 140.97				wesr, A				
NORTH	43•sa'21· WES,,	A											FEET:	THENCE		
			DISTANCE																	
				OF 163.26																		
					FEE'r;THENCE		SOUTH																						
217.0"f l=EET; Tl-iENCE										44°03'56"WEST, A	DISTANCE OF		
	NORTH																							
		50'30'39"WEST, A	DISTANCE OF							
				211 .48							
WEST, A	DISTANCE										FEET:		THENCE NORTH	40•00·29"		
		OF 225.75		FEET;																											
						THENCE NORTH		25•44•12"																			
														WEST, A DISTANCE	OF 207.42			
THENCE SOUTH		84•08"40"	EAST,	A									FEET;		

									
DISTANCE OF	FEET;			
DISTANCE OF	339.04		THENCE SOLJrH	42°59'35"			
						
	365.18	FEET;		THENCE	NORTH		43•3a•o2·		EAST,	A	DISTANC~ OF 360.27							!:AST, A			
NORTH																							FEET:	THENCE		
		25°58'52"								A																	
																																										
											DISTANCE		OF																								

279.26 FEET;	TO		WEST,						123.12 FEET;	THENCE		NORTH		50•2ro1"		EAST, A DISTANCE OF		
		THE	POINT	OF																									
					BEGINNrNG.																			

				

CONTAINING

42.,810

ACRES

(1,864,851.45 SQUARE

FEET),

MORE

OR

LESS.

RJTURE LANO use			.....			
			'....•		
-			CONSERVATION			1•		
	, LOW OENSITY RESIDENTIAL			
		-.,		
I		MEDIUM DENSITY					
		HIGH DENSITY	REStOENTIAl			
			R!SIOENTIAL			
			SUBURBAN				
									
.	:	SEMI_SUBURB>.N					
		S&:MI	AURAL						
:·=1								
								
		RURAUAORICULTURAL				
		URBAN						
	·-			EXPANSION AAEA				
		RUAALiNClAVE	•				
~	COMMERCIAL						
	INOUSTRL"L						
I	INSTITUTIONAL						
	DESTINATION NE:W TOWN				
	OUAL	\JSio/HOR	ANO COMMERCIAL			
-		DUAL	USE/INSTITUTIONAL	ANO COM		
-		LOW DENSITY RESIDENTIAL W MHO		
-				
		SUBURBAN OVERLAY					

-						
0		2000'	4000'		
	·	-			
		GRAPHIC	SCALE			
		(IN	FEET)			

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OSCEotA	COUNT'/			
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PROBABLE ORDER OF MAGNITUDE COST

PROJECT SUMMARY (2005-2010)

OSCEOLA TRACE REGIONAL COMMUNITY DEVELOPMENT DISTRICT (+/- 699 Acres)

March 7, 2005

ITEM	DESCRIPTION			TOTAL	
100	RETENTION & ROADWAY IMPROVEMENTS	$	65,639,315	
200	UTILITIES		$	9,078,685	
	TOTAL	•	$	74,718,000	
	PROFESSIONAL FEES/ PERMITTING (@  15%	$	11,207,700	
	CONTINGENCY (@  10%		$	7,471,800	
	GRAND TOTAL		$	93,397,500	

ESTIMATE NOTES:

1.	This opinion of construction costs is supplied for general guidance. The accuracy of such opinions is not guaranteed as compared to contractor bids or actual costs.

2.	There may be other necessary infrastructure improvements required to support the full development of the Project as required by the Development of Regional Impact or other permitting and reguiatory requirements that are not inciuded here.

STATEMENT OF ESTIMATED REGULATORY COSTS

FOR

SHINGLE CREEK
'
COMMUNITY DEVELOPMENT DISTRICT

PREPARED BY:

RIZZETTA

&

COMPANY, INC.

3434 Colwell A venue

Suite 200

Tampa, Florida  33614

(813)	933-5571 March 21, 2005

RIZZETTA

&

COMPANY

INCORPORATED

I.

II.

SHINGLE CREEK

COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF ESTIMATED REGULATORY COSTS

TABLE OF CONTENTS

				.	"							
INTRODUCTION								
1.	PURPOSE & SCOPE				I		
2.	SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT				
			2		
STATUTORY ITEMS					3		
												
1.	A GOOD FAITH ESTIMATE OF THE NUMBER OF INDIVIDUALS AND ENTITIES		
	LIKELY TO BE REQUIRED TO COMPLY WITH THE ORDINANCE TOGETHER		
	WITH A GENERAL	DESCRIPTION OF	THE TYPES OF INDIVIDUALS LIKELY TO		
									
	BE AFFECTED BY THE ORDINANCE					
	A.			THE STATE OF FLORIDA			4		
	B.			OSCEOLA COUNTY			4		
	C.			CURRENT PROPERTY OWNERS				
						4		
	D.		.  FUTURE PROPERTY OWNERS				
					5		
												
2.	A GOOD FAITH ESTIMATE OF THE COST TO THE AGENCY AND TO ANY OTHER		
	ST	A TE	AND  LOCAL  ENTITIES  OF	IMPLEMENTING  AND  ENFORCING  THE		
	PROPOSED  ORDINANCE  AND  ANY	ANTICIPATED  EFFECT  ON  STATE	AND		
	LOCAL REVENUES							
	A.	~		COSTS   TO		GOVERNMENTAL   AGENCIES   OF   IMPLEMENTING	&		
				ENrUKCfNU	1 H.t:, UK.lJ1NANC.t				
				I.	OSCEOLA COUNTY			5		
				2.	STATE OF FLORIDA					
								6		
				3.	THE DISTRICT					
								6		
												
	B.			IMPACT ON STATE AND LOCAL REVENUES		6		
												
3.	A GOOD FAITH ESTIMATE OF THE TRANSACTIONAL COSTS LIKELY TO	BE		
	INCURRED BY INDIVIDUALS AND ENTITIES, INCLUDING LOCAL GOVERNMENT		
	ENTITIES,	REQUIRED  TO  COMPLY	WITH  THE  REQUIREMENTS  OF	THE		
	ORDINANCE					7		
												
4.	AN  ANALYSIS  OF  THE  IMPACT  ON  SMALL  BUSINESSES  AS  DEFINED  BY		
	SECTION  288.703,  F.S.,  AND  AN  ANALYSIS  OF  THE  IMPACT  ON  SMALL		
	COUNTIES AND SMALL CITIES AS DEFINED BY SECTION 120.52 F.S.		8		
5.	ANY	ADDITIONAL INFORMATION THAT THE AGENCY DETERMINES				
							
	MAY BE USEFUL					9		
												
								RIZZETTA & COMPANY		

INCORPORATED

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

I.

INTRODUCTION										
1.	PURPOSE A ~m SCOPE									
	This Statement of Estimated Regulatory Costs has been prepared as a component of		
	the petition filed with the Board	of County Commissioners of Osceola County,		
	Florida, to establish the Shingle Creek Comµmnity Development District ("District")		
	in accordance with Chapter 190.005, Florida Statutes ("F.S. "). Specifically, Section		
	190.005(l)(a)8, F.S., requires, as part of	the petition, a Statement	of Estimated		
	Regulatory Costs prepared pursuant to Section 120.541 F.S.				
	A  community development district  ("CDD")  is  established  under the  Uniform		
	Community	Development District Act of 1980, Chapter 190 of the Florida Statutes,		
	as				
					A CDD is a local unit of special-purpose government that is		
	amended (the "Act").			
	limited to the performance of those	specialized functions authorized by the Act.		
	Those	specialized functions  consist			
			of the	planning, financing,	constructing and		
							
	maintaining	of  certain  public						
			infrastructure	improvements	and	community		
											
	development services. As an independent special district, the CDD's governing body		
	establishes its own budget and, within the scope of its authorized powers, operates		
	independently of the local general-purpose						
							governmental entity (i.e., the county or the		
	city) whose boundaries include the CDD.						
	However, a CDD cannot regulate land use or issue development orders; those powers		
	reside with the local general-purpose government.  The.Legislature has, in Section		
	190.004(3), F.S., made this clear by stating:						
		"The	establishment  of an	independent	community  development		
									
		district as provided in this act is not a development order within the		
		meaning of chapter 380. All							
						governmental planning, environmental,		
		and  land  development  laws,  regulations,  and  rules  apply  to  all		
		development of	the land within a community development district.		
		Community	development districts do not have the power	of a local		
							
		government to adopt a comprehensive plan, building code, or land		
		development  code,  as  those  terms  are  defined  in  the  Local		
		Government  Comprehensive  Planning  and  Local  Development		
		Regulation Act.  A district shall take no action which is inconsistent		
		with applicable	comprehensive plans, rules, or regulations of the		
							
		applicable local general-purpose government."				

1	RIZZETTA & COMPANY		

IN

CORPORA

TED

2.

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

In addition, the parameters for the review and evaluation of community development		
district petitions are clearly set forth in Section 190.002(2)(d), F.S., as follows:		
	,,-				
11	That the process of establishing such a district pursuant to uniform		
•			
general law be fair and based only on factors material to managing		
and financing the service-delivery function of the district, so that any		
matter concerning			
		permitting or planning of the development is not		
material or relevant."	'		
Therefore, the scope of this Statement of Estimated Regulatory Costs is limited to an		
evaluation of those factors pertinent to the establishment of a CDD as defined by the		
Legislature and outlined in Section 120.541(2), F.S.		
The purpose of Chapter 190, F.S. is to provide another tool to government and		
private landowners in their efforts to comply with comprehensive plans which require		
adequate public facilities and services as a pre-condition for future development. See		
Section 163.3177(10)(h) (the "concurrency" requirement), F.S.		
The CDD is a special purpose unit	of local government that is established for the		
purpose	of providing an alternative mechanism for financing the construction of		
public infrastructure.  A CDD must be structured to be financially independent as		
inte;,_ded	by the Legislature,  The cost of any additional public improvements to be		
constructed or any additional services to be provided by the county as a result of this		
development will be incurred whether the infrastructure.is financed through a CDD		
or any other alternative financing method.  These costs have already been evaluated		
by all appropriate agencies during the approval process for the development.  The		
annual operations and	administrative costs of the CDD will be borne entirely by the		
				
District and will not require any subsidy from the State ofFlorida or Osceola County,		
nor will it place any additional economic burden on those persons not residing within		
the District.				
SHINGLE	CREEK COMMUNITY DEVELOPMENT DISTRICT		
The proposed District will contain approximately 699 acres.   The petitioner is		
seeking authority, as outlined in Section 190.012 F.S., for the District to finance,		
fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip,		
			RIZZETTA & COMPANY		

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II.

		SHINGLE CREEK	COMMUNITY DEVELOPMENT DISTRICT		
									
					STATEMENT OF ESTIMATED REGULATORY COSTS		
operate and maintain systems, facilities and basic infrastructure that includes, but is		
not limited to:  water management and control, water supply, sewer, wastewater		
management, bridges  or culverts, District roads and street lights, transportation		
facilities,   parking   improvements,   environmental   remediation   and  cleanup,		
conservation areas,  or any other project, with	or	without the boundaries of the		
District, required by a	development order issued	by	a local government or subject of		
									
an agreement between the District and a governmental entity.		
If approved, the District will be authorized to finance these types of infrastructure		
improvements	through  special	or	non-ao	valorem  assessment  revenue  bonds.		
Repayment of									
	these bonds will be through special	or non-ad valorem assessments		
levied against all benefited properties within the District.  On-going operation and		
maintenance  for  District  owned  facilities	is  expected  to  be  funded  through		
maintenance assessments levied against all benefited properties within the District.		
STATUTORY ITEMS:											
Section 120.541(2), F.S. (2004), defines the elements a	Statement of Estimated Regulatory		
Costs must contain, as follows:						
								
(1)	A good faith estimate of the number of					
required to comply with the ordinance,	individuals and entities likely to be		
						
types of						together with a general description of the		
- -	individuals likely to be affected bv the ordinance:		
					-		.,				.,,		
(2)	A good faith estimate of the cost to the agency,	and_ to aqy other state and local		
government entities,	of implementing and						
anticipated effect on				enforcing the proposed ordinance, and any		
	state and local revenues;						
(3)	A  good  faith  estimate  o(	_the	transactional  costs  likely to  be  incurred  by		
									
individuals and entities, including local						
the requirements of the ordinance;	government entities, required to comply with		
							
( 4)	An analysis of the impact on small						
							businesses as defined by Section 288. 703,		
F.S. and an analysis of the impact on small						
Section 120.52, F.S.;				counties and small cities as defined by		
										
(5)	Any additional	information that the agency determines may be useful.		
					
								RIZZETTA & COMPANY		

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SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

The estimated regulatory impacts for the

establishment

of

the

District are summarized below.

1.

A GOOD FAITH ESTJMATE OF THE NUMBER OF		
LIKELY TO BE	INDIVIDUALS AND ENTITIES		
			
REQUIRED TO COMPLY WITH THE ORDINANCE, TOGETHER		
WITH A GENERAL			
DESCRIPTION OF THE TYPES OF		
	INDIVIDUALS LIKELY TO		
BE			
AFFECTED BY THE ORDINANCE.			

The individuals and entities likely to be required to		
		comply with the ordinance or		
affected by the proposed action (i.e., adoption of the		
as	follows:	ordinance) can be categorized,		
		A) The State of		
		Florida and its residents, B) Osceola County and its		
residents, C) current property owners and D) future property owners.		

A.	THE STATE OF FLORIDA

The	State of Florida and its	residents and general population will not incur any		
				
compliance costs related to the establishment and on-going			
					administration of the		
District and will only be affected to the extent that the State incurs those nominal		
administrative costs outlined in	Section 2. A. 2 below.  The cost of	any additional		
administrative services					
				this			
	provided by the state as a result of				
incurred whether the infrastructure is financed through a	development will be		
	CDD or any alternative		
financing method.						
							
B.	OSCEOLA COUNTY							
Osceola County and its residents not residing within the		of the District		
will not incur any compliance costs	boundaries			
	related to the on-going .. administration of the		
CDD other than any one-time administrative costs outlined in	2. A. 1 below.		
Once the				Section			
	District is established, these residents will not be affected by adoption of the		
ordinance. The cost of any additional	administrative services provided by the county		
as a result of this development \\dll be incurred whether the infrastructure is financed		
through a CDD or any alternative financing method.				

C.	CURRENT PROPERTY OWNERS

The current property	owners of	the lands within the boundaries of the proposed		
District will	be affected by the proposed ordinance to	the	extent that the District		
issues  debt	for the	construction	of infrastructure and				
				undertakes operation and		
						
maintenance responsibility for that infrastructure.			

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SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

2.

D.	FUTURE PROPERTY OWNERS

The future property owners are those who will own property in the proposed District.		
These future property owners will be affected by the	proposed ordin;1t1ce	to the		
extent  that  the  District  issues  debt  for  the					
	construction  of infrastructure  and		
undertakes operation and maintenance responsibility for that infrastructure.			

A	GOOD FAITH ESTIMATE OF THE	'		
		COSTTOTHEAGENCY,ANDTOANYOTHERSTATE		
AND  LOCAL  ENTITIES,  OF  IMPLEMENTING  AND  ENFORCING  THE  PROPOSED		
ORDINANCE, AND ANY ANTICI PATED		
			EFFECT ON STATE AND LOCAL REVENUES		
A.	COSTS TO			
		GOVERNMENTAL AGENCIES OF IMPLEMENTING AND ENFORCING		
	THE	ORDINANCE			
1.	Osceola County (The "Agency")			
				
Because the proposed CDD			
		encompasses less than 1,000 acres, this petition is being		
submitted to Osceola County (i.e., the "Agency" under Section 120.541(2), Florida		
Statutes) for approval in accordance with Section 190.005(2) Florida Statutes.  The		
Agency may incur certain one-time administrative costs		
this, petition.		involved with the review of		
				
Once  the  proposed  District  is  established,  Osceola  County  will  not  incur any		
quantifiable on-going costs resulting from the on-going		
			administration ofthe District.		
As previously stated, the CDD operates independently from the county and all		
administrative and operating costs incurred by the District relating to the financing		
and				
	construction of infrastructure are borne		
			entirely by the District.  The proposed		
District will submit, for informational purposes, its annual budget, financial report,		
audit and public financing disclosures to the County.  Since there are no legislative		
requirements for review or action, Osceola County should not incur any costs.  The		
Agency may, however, choose to review these documents.		

RIZZETTA

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SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

2.

State

of

Florida

Once  the	District	is	established,  the  State	of Florida will	incur  only  nominal		
							
administrative costs to review the periodic reports required pursuant to Chapters 190		
and 189, F.S.  These reports incJude the annual financial report, annual audit and		
public									
financing disclosures.  To offset these costs, the Legislature has established a		
maximum fee of								
	$175 per District per year to pay the costs incurred by the Special		
Districts Information Program to administer the reporting	requirements of Chapter		
189, F.S. Because the	proposed District, as					
		defined in Chapter 190, F.S., is designed		
to						

function as a self-							
		sufficient special-purpose governmental entity, it is responsible		
for its own management.  Therefore, except for the reporting requirements outlined		
above, or later established by law, no additional burden is placed on the State once		
the District has been established.						
3.  The District.								
The proposed District will also incur costs for operations and	maintenance of its		
facilities and for its administration.  These costs will be completely paid for from		
annual assessments against all properties within the District benefiting from  its		
facilities and its services.						

B.

IMPACT

ON

STATE

AND

LOCAL

REVENUES

It is	anticipated that						
state		approval of this petition 'Nill not have any negative effect Oll		
	revenues.  There	is	however, the potential for an increase in state sales tax		
					
revenue resulting from a stimulated			
					economy although if is not		
this increase				possible to estimate		
		with any degree of			
may	be				certainty. In addition, local ad valorem tax revenues		
	increased due to long-lasting increases in property values resulting from the		
District's	construction	of	infrastructure  and  on-going  maintenance  services.		
						
Similarly, private development within the District, which will be facilitated by the		
District's activities, should have a positive impact on property values and therefore ad		
valorem taxes.						

In		
addition, impact fee and	
	development permit revenue is expected to	
by private development within the District and, accordingly, should	
local revenues.		

be generated also increase

Lastly,

county

some express a concern that obligation thereby negatively

a	District effecting

obligation could become a state or state or local revenues. This cannot

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SHINGLE	CREEK COMMUNITY DEVELOPMENT DISTRICT		
				
	STATEMENT OF ESTIMATED REGULATORY COSTS		
occur as Chapter 190 specifically			
			addresses this issue and		
further the				expressly states: "It is		
purpose and intent of the Legislature that no debt or obligation of a district		
constitute a burden on any local general-purpose government without its consent."		
Section 190.002(3), F.S. "A				
constitute  a  debt  or		default on the bonds or obligations of a district shall not		
	obligation  of a	local  general-purpose  government  or  the		
state."Section 190.016(15), F.S.				
In summary,	the proposed			
establishment of				
will not create any significant economic	Shingle Creek Community Development District		
	costs for the State of Florida or for Osceola County.		
				'		

3.

A GOOD										
BY			FAITH ESTIMATE OF THE TRANSACTIONAL COSTS LIKELY TO BE INCURRED		
		INDIVIDUALS  AND  ENTITIES,  INCLUDING  LOCAL  GOVERNMENT  ENTITIES,		
				
REQUIRED TO COMPLY WITH THE REQUIREMENTS OF THE ORDINANCE.		
The transactional costs associated					
								with adoption of an			
District are primarily						ordinance to establish the		
						of			
				related to the financing				
										infrastructure improvements.  The		
District will determine what infrastructure it considers prudent to finance through the		
sale		of	bonds.	Once  the	decision  is  made  to  issue  bonds  it  is  expected  that		
assessments will be levied against benefited property owners within the proposed		
District.	The revenue	generated by payment	of these			
repay the bonds.	The obligation to pay the		assessments will be used to		
		assessments will "run with the land" and		
will be									
											
~		transferred to new property owners upon sale of any portions of the property.		
To fund the cost of maintaining						
and	maintenance assessments	infrastructure that the District maintains, operation		
		may be imposed on the District		
											property owners.  As		
with the special assessments for infrastructure acquisition and construction, the		
property owner will be	responsible for payment of these assessments on the basis of		
the amount of				
										
			benefited property owned.					
All persons choosing to acquire property in the District will be responsible for such		
assessments in addition to the	taxes or assessments imposed by Osceola County or		
other taxing authorities.				
								
In													
exchange for the payment of						
to be						these special assessments, there are potential benefits		
	derived by the future property					
receive a	higher level of services	owners. Specifically, these persons can expect to		
		because they, the property owners, will elect the		
						
members of the Districts' Board of Supervisors.  Further,	the District is limited in		
jurisdiction and responsibility to this single development.	Therefore, the District		

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4.

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT		
		STATEMENT OF ESTIMATED		
							REGULATORY COSTS		
should be extremely	responsive to the needs of the	property owners within the		
District.				

AN									
ANALYSIS OF THE  IMPACT ON SMALL BUSINESSES AS  DEFINED BY SECTION		
288.703, F.S., AND AN								
	ANALYSIS OF THE IMPACT ON SMALL COUNTIES AND SMALL		
CITIES AS DEFINED BY	SECTION 120.52	F.S.				
							
Establishment of the proposed							
		District shoqld not have any negative impact on small		
businesses.  Any business, large or small, has the option oflocating in a community		
development district provided  the  local  governmental  authority has  issued the		
appropriate land use approvals. Those that choose this	option will be subjected to the		
financial obligations imposed by the District and will accrue the benefits resulting		
from being in the District.							
Furthermore, the District must operate according to Florida's "Sunshine" laws and		
must follow certain competitive bidding requirements for certain goods and services		
it will									
purchase. As a result, small					
				businesses should be better able to compete for		
District business serving the lands to be included within the District.		
A CDD does not									
discriminate in terms of the size of				
within the	or transact	businesses that can be located		
boundaries						
..				business with the District.		
									
Estab!is!1~rnent of the District should ha·ve	a positi,rve impact on the small busir1esses of		
the local economy.  As outlined	above, success of the	development should generate		
							
increased employment and stimulate economic activity in the area through increased		
construction expenditures related to infrastructure and private development, thus		
providing enhanced opportunity for small businesses.				
Osceola County is not	defined as a small county for				
					purposes of this requirement.		
In									
addition, establishment of a	CDD should not have a negative impact on small		
cities or counties,					
									
because the cost to construct the infrastructure is borne entirely by		
the property owners within the District.					

5.

ANY ADDITIONAL INFORMATION THAT THE AGENCY DETERMINES MAY BE USEFUL

8	RIZZETTA & COMPANY		

INCORPORATED

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS

Certain data utilized in this report was provided by the developer/petitioner and represents the best infonnation available at this time. Other data was provided by Rizzetta & Company and was based on observations, analysis and experience with private development and other Community Development Districts in various stages

of

existence.

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EXHIBIT A	'

LEGAL

DESCRIPTION

LEGAL DESCRIPTION

OFTHE

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT

DESCRIPTION PARCEL

1

(AS

PREPARED

BY

SURVEYOR)

A PARCEL OF LAND LYING SOUTH	OF OSCEOLA PARKWAY AND EAST OF STATE		
ROAD 535 IN SECTIONS	1, 2 AND 12,	TOWNSHIP 25 SOUTH, RANGE 28 EAST, AND A		
PORTION OF SECTION 6,				
	TOWNSHIP 25 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY,		
FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:		
COMMENCING AT THE NORTHWEST CORNER OF SECTION 6, TOWNSHIP 25 SOUTH,		
RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE S00° 14'25"E, A DISTANCE OF		
197.89 FEET TO THE NORTHEAST CORNER OF SECTION  1, TOWNSHIP 25 SOUTH,		
RANGE 28 EAST; THENCE CONTINUE S00°14'25"E, A DISTANCE OF 650.71 FEET TO A		
POINT ON THE SOUTH RIGHT OF WAY LINE OF OSCEOLA PARKWAY AND THE POINT		
OF				
BEGINNING; THENCE N89° 10'25" E, ALONG SAID SOUTH RIGHT OF WAY LINE, A		
DISTANCE OF 282.58 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO		
THENORTH,HAVINGARADIUSOF3899.72FEET ANDACENTRALANGLEOF 11°14'42";		
THENCE RUN EASTERLY AN ARC DISTANCE OF 765.37 FEET ALONG SAID CURVE TO		
THE POINT OFTANGENCY; THENCE N77°55'4 l "E, A DISTANCE OF 34.18 FEET; THENCE		
LEA VINGSAID SOUTH RIGHT OF w A y LINE, RUN S04°50'01" E, A DISTANCE OF 151.64		
FEET; THENCE S08°12'14"W,  A DISTANCE OF 55.05  FEET; THENCE S21 °14'30"W,  A		
DISTANCEOF197.29FEET;THENCES50°43'34"W,ADISTANCEOF120.23FEET;THENCE		
S80°12'40"W,ADISTANCEOF 156.76FEET;THENCES44°31'05"W,ADISTANCEOF 127.50		
FEET; THENCE S45°00'03"E, A DISTANCE OF  107.53 FEET; THENCE S44°57'17"W,  A		
DISTANCEOF535.70FEET;THENCEN61°46'21"W,ADISTANCEOF613.31 FEET;THENCE		

N37°01 '23"W,

A

DIST.AJ,ICE

OF

248.

76

FEET;

THENCE

N

12°

16'24"W,

.A~

DIST,A~l\ICE

OF 215.96

FEET; THENCE Nl6°47'23"W, A DISTANCE OF 193.67 FEET; THENCE S89°10'25"W, A		
DISTANCE OF 114.55 FEET; THENCES48°58'41"W,ADISTANCEOF 137.18FEET; THENCE		
S33°38'48"W, A DISTANCE			
OF40.19FEET; THENCES18°18'54"W, A DISTANCE OF 192.03		
FEET; THENCE S59°15'43"W, A DISTANCE OF 61.97 FEET; THENCE N79°47'32"W,  A		
DISTANCEOF320.50FEET;THENCEN74°40'37"W,ADISTANCEOF255.27FEET;THENCE		
N74°42'14"W, A DISTANCE OF 31.17	FEET~THENCE N72°08'59"W, A DISTANCE OF 35.24		
			
FEET; THENCE S63°24'51"W, A DISTANCE OF 39.46 FEET;  THENCE S40°34'44"W,  A		
DISTANCE OF 18.08 FEET; THENCE S28°04'02"W, A DISTANCE OF 33.52 FEET; THENCE		
S25°10'58"W, A DISTANCE OF 96.34 FEET; THENCE S88°49'17"E, A DI:STANCE OF 19.40		
FEET;  THENCE  S52°32'05"E,  A			
DISTANCE  OF 99.06 FEET;  THENCE  N61°51'50"W,  A		
DISTANCE OF 144.58 FEET; THENCE S53°38'09"W, A DISTANCE OF 91.16 FEET; THENCE		
N76°00'37"W,ADISTANCEOF347.93FEET;THENCEN60°45'34"W,ADISTANCEOF131.30		
FEET; THENCE N84°02'12"W, A			
DISTANCE OF 178.26 FEET; THENCE N40°35'25"W, A		
DISTANCE OF 146.06 FEET; THENCE N58°28'01" W, A DISTANCE OF 91.38 FEET; THENCE		

A-1

S18°05'25"W, A DISTANCE OF 79.93 FEET; THENCE S79°40'29"W, A DISTANCE OF 91.40 FEET; THENCE S22°33'58"W, A DISTANCE OF 172.57 FEET; THENCE N78°19'06"W, A DISTANCE OF 148.20 FEET; THENCE S65°47'48"W, A DISTANCEOF486.23 FEET; THENCE S46°22' l 7"W, A DISTANCE OF 255.56 FEET; THENCE S29°20'59"E, A DISTANCE OF 100.11 FEET; THENCE S55°09'34"E, A DISTANCE OF 105.04 FEET; THENCE N49°25'34"E, A DISTANCE OF 354.88 FEET; THENCE S68°55'24"E, A DISTANCE OF 118.69 FEET; THENCE N29°10'03"E, A DISTANCE OF 95.60 FEET; THENCE S84°09'16"E, A DISTANCE OF 184.70 FEET; THENCE Sl1°26'06"W, A DISTANCE OF 215.14 FEET; THENCE S20°08'39"W, A DISTANCE OF 329.53 FEET; THENCE S84°39'09"W, A DISTANCE OF 106.95 FEET; THENCE S02°46'59"W, A DISTANCE OF 12.42 FEET; THENCE N03°06'58"W, A DISTANCE OF 20.82 FEET; THENCE N64°35'11 "W, A DISTANCE OF 43.42 FEET; THENCE S69°58'13"W, A DISTANCE OF 65.97 FEET; THENCE S69°58'15"W, A DISTANCE OF 141.03 FEET; THENCE S 18°42'16"E, A DISTANCE OF 537.60 FEET; THENCE S46°06'48"E, A DISTANCE OF 145.60 FEET; THENCE S26°56'05"E, A DISTANCE OF 126.'80 FEET; THENCE S00°50'17"W, A DISTANCE OF 117 .60 FEET; THENCE S81 ° 1 l '49"E, A DISTANCE OF 240.31 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTHWEST, HAVING A RADIUS OF 822.40 FEET AND A CENTRAL ANGLE OF 62°37'10"; THENCE RUN SOUTHEASTERLY AN ARC DISTANCE OF 898.81 FEET ALONG SAID CURVE; THENCE LEAVING SAID CURVE RUN N65°18'34"E, A DISTANCE OF 97.95 FEET; THENCE N47°43'27"E, ADISTANCEOF 318.21 FEET; THENCEN14°06'39"W,ADISTANCE OF70.78 FEET; THENCE N63°33'10"E, A DISTANCE OF 48.88 FEET; THENCE N32°01'07"W, A DISTANCEOF153.12FEET;THENCEN41°48'54"W,ADISTANCEOF276.18FEET;THENCE N51°03'59"W,ADISTANCEOF131.29FEET;THENCEN59°41'38"E,ADISTANCEOF170.84 FEET; THENCE N62°46'14"E, A DISTANCE OF 254.99 FEET; THENCE S72°13'47"E, A DISTANCE OF 228.54 FEET; THENCE S47°3 l '39"E, A DISTANCE OF 386.03 FEET; THENCE S38°38'06"E, A DISTANCE OF 444.45 FEET; THENCE S26° l 6'32"E, A DISTANCE OF 409 .28 FEET; THENCE S36°38'12"W, A DISTANCE OF 456.29 FEET; THENCE S82°18'40"W, A

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N65°55' 11 "W, A DISTANCE OF 88.58 FEET; THENCE S64°42'32"W, A DISTANCE OF 151.86 FEET; THENCE S01°43'06"W, A DISTANCE OF 242.84 FEET; THENCE S24°06'35"E, A DISTANCE OF 98.59 FEET; THENCE S48°4 l '55"E, A DISTANCE OF 119.49 FEET; THENCE S67°34'44"E, A DISTANCE OF 156.55 FEET; THENCE S 15°59'53"W, A DISTANCE OF 460.18 FEET; THENCE S63°36'33"W, A DISTANCE OF 160.40 FEET; THENCE Sl9°55'58"W, A DISTANCEOF104.39FEET;THENCES01°03'59"W,ADISTANCEOF239.67FEET;THENCE S24°48'31"E, A DISTANCE OF 360.22 FEET TO A POINT ON THE SOUTH LINE OF SAID SECTION 1, TOWNSHIP 25 SOUTH, RANGE 28 EAST; THENCE N89°55' 19"E, ALONG SAID SOUTH LINE, A DISTANCE OF 1195.81 FEET TO THE SOUTHEAST ~ORNER OF SAID SECTION 1; THENCE S00°06'54"E, A DISTANCE OF 1988.71 FEET; THENCE S89°58'15"W,

A DISTANCE OF 1631.53 FEET TO A POINT ON THE WEST LINE OF GOVERNMENT LOT 1, SECTION 12, TOWNSHIP 25 SOUTH, RANGE 28 EAST; THENCE N00°32'30"W, ALONG SAID WEST LINE OF GOVERNMENT LOT 1, A DISTANCE OF 1948.59 FEET; THENCE N89°56'47"W,ADISTANCEOF3960.65FEET;THENCEN00°14'56"W,ADISTANCEOF29.68

FEET TO THE NORTHWEST CORNER

OF

SAID SECTION

12;

THENCE S89°55'19"W, A

A-2

DISTANCE OF 70.15 FEET TO A POINT ON THE ORIGINAL EAST RIGHT OF WAY LINE OF STATE ROAD 535; THENCE N36°54'44"W, ALONG SAID EAST RIGHT OF WAY LINE, A DISTANCE OF 2808.93 FEET; THENCE N09°20'35"E, A DISTANCE OF 323.85 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF SECTION 2, TOWNSHIP 25 SOUTH, RANGE 28 EAST; THENCE S89°5l'OO"E, A DISTANCE OF 359.14 FEET TO THE SOUTHEAST CORNER OF THE SOUTHWEST 1/4 OF THE NORTHEAST 1/4 OF SAID SECTION 2; THENCE N0l 0 44'04"E, A DISTANCE OF 229.34 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF OSCEOLA PARKWAY; THENCE N61 °12'18"E, ALONG SAID SOUTH RIGHT OF WAY LINE, A DISTANCE OF 1030.53 FEET; THENCE N62°58'35"E,

A DISTANCE OF 632.92 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTH, HAVING A RADIUS OF 3739.72 FEET AND A CENTRAL ANGLE OF 11 °26'30"; THENCE RUN EASTERLY AN ARC DISTANCE OF 746.80 FEET ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE N74°25'05"E, A DISTANCE OF 1874.00 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTH, HAYING A RADIUS OF 3725.66 FEET AND A CENTRAL ANGLE OF 14°45'20"; THENCE RUN EASTERLY AN ARC DISTANCE OF 959.48 FEET ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE N89°10'25"E, A DISTANCE OF 2012.20 FEET TO THE POINT OF BEGINNING.

CONTAINING 542.26 ACRES, MORE OR LESS.

DESCRIPTION PARCEL 2 (AS PREPARED BY SURVEYOR)

A PARCEL OF LAND LYING NORTH OF OSCEOLA PARKWAY AND EAST OF STATE ROAD 535 IN SECTIONS 1 AND 2, TOWNSHIP 25 SOUTH, RANGE 28 EAST AND A PORTION OF SECTION 6, TOWNSHIP 25 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA, BEINf] MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT THE NORTHWEST CORNER OF SECTION 6, TOWNSHIP 25 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE N89°54'23"E, ALONG THE NORTH LINE OF SAID SECTION 6, A DISTANCE OF 1704.83 FEET; THENCE S00°23'24"E,

A DISTANCE OF 462.02 FEET TO THE NORTH RIGHT OF WAY LINE OF OSCEOLA PARKWAY, SAID POINT BEING ON A CURVE CONCAVE TO THE SOUTH HAYING A RADIUS OF 3899.72 FEET AND A CENTRAL ANGLE OF 3°06'08" AND BEING SUBTENDED BY A CHORD WHICH BEARS S79°28'47"W 211.12 FEET; THENCE RUN WESTERLY AN ARC DISTANCE OF 211.15 FEET ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE S77°55'43"W, A DISTANCE OF 499.49 FEET TO THE POINT Of:' CURVATURE OF A CURVE CONCAVE TO THE NORTH, HAVING A RADIUS OF 3739.72 FEET AND A CENTRALANGLEOF l 1°14'42";THENCERUNWESTERLY AN ARCDISTANCEOF733.97

FEET ALONG SAID CURVE TO THE POINT OF TANGENCY; THENCE S89°10'25"W, A DISTANCEOF2294.78FEETTOTHEPOINTOFCURVATUREOFACURVECONCAVETO THE SOUTH, HAYING A RADIUS OF 3885.66 FEET AND A CENTRAL ANGLE OF 14°45'20"; THENCE RUN WESTERLY AN ARC DISTANCE OF 1000.69 FEETALONG SAID CURVE TO

A-3

THE POINT	OF TANGENCY; THENCE	S74°25'05"W, A DISTANCE 1874.00 FEET TO THE		
													
POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTH, HAYING A RADIUS OF		
3899.72 FEET AND A CENTRAL ANGLE OF 11 ° 17'22"; THENCE RUN SOUTHWESTERLY		
AN ARC DISTANCE OF 768.39 FEET ALONG SAID CURVE TO A POINT ON THE EAST		
LINE OF SAID SECTION 2, TOWNSHIP 25 SOUTH, RANGE 28 EAST; THENCE LEAYING		
SAID NORTH RIGHT OF WAY LINE RUN			
												N03°44'28"E, A DISTANCE OF 1280.45 FEET TO		
A POINT ON THE SOUTH LINE OF A 145-FOOT OUC EASEMENT (AS RECORDED IN OR		
BOOK 579, PAGE 572 OF THE PUBLIC RECORDS OF OSCEOLA COUNTY, FLORIDA);		
THENCE	N89°52'47"W,  ALONG  SAID  SOUTH  LINE,  A  DISTANCE  OF  2503.99  FEET;		
				
THENCES01°12'26"W,ADISTANCEOF649.93FEET;THENCEN88°47'34"W,ADISTANCE		
OF	100.00FEET; THENCE S0l	0	l2'26"W, ALONG A PROJECTION OF THE WEST RIGHT OF		
WAY  LINE  OF  POINCIANA  BOULEYARD,  A  DISTANCE  OF  500.00  FEET;  THENCE		
N89°51'59"W, A	DISTANCE	OF 206.32 FEET TO THE NORTHWEST CORNER OF THE		
							
SOUTHWEST 1/4 OF THE									
						NORTHEAST 1/4 OF SAID SECTION 2; THENCE S00° l 6'37"E, A		
DISTANCE OF 363.23 FEET TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF		
STATE ROAD 535, SAID POINT BEING ON A CURVE CONCAVE TO THE NORTHEAST		
HAYING A RADIUS OF 17070.73 FEETAND A CENTRAL ANGLE OF 1°45'13" AND BEING		
SUBTENDED BY A CHORD WHICH BEARS N37°46'3 l "W 522.44 FEET; THENCE RUN		
NORTHWESTERLY ALONG SAID CURVE, AN ARC DISTANCE OF 522.47 FEET TO THE		
POINTOFTANGENCY;THENCEN36°53'54"W,ADISTANCEOF1557.79FEETTOAPOINT		
ON  THE  NORTH  LINE  OF  THE  NORTHWEST  1/4  OF  SAID  SECTION  2;  THENCE		
S89°52'24"E, ALONG SAID NORTH LINE, A DISTANCE OF 1247.33 FEET TO THE NORTH		
1/4 CORNER OF SAID SECTION 2; THENCE S89°52'54"E, A DISTANCE OF 2850.25 FEET		
TO THE														
	NORTHWEST CORNER OF SECTION 1, TOWNSHIP 25 SOUTH, RANGE 28 EAST;		
THENCE N89°46'55"E, ALONG THE NORTH LINE OF THE NORTHWEST  1/4 OF SAID		
SECTION	1,	A												
SECTION	1;	DISTANCE  OF 2600.92  FEET TO THE NORTH  1/4 CORNER OF SAID		
		THENCE	N89°46'58"E, A DISTANCE OF 2825.60 FEET TO THE NORTHEAST		
-----•-----	----				
		--- .... ---••		,..,	..., .... ...._.-.._,._.......,.._,.....,,_ .a.•-- ~•,.	&.&.....,..11,.....,.11..1.~,..._,,Jl-,l'-J..&.. I . Jt . V/ . LJ ... J . J .. J . L.&.'-J"		
C'ORNFR	OF SAID	SFC'TTON		1	·	THPNrP	N00°L:1.'?""W	A  nT~TANr'Prm 10'720 i:,1::a:.-r 'lY-\		
															
THE POINT OF BEGINNING.									
CONTAINING 157.00 ACRES, MORE OR LESS.			

A-4

EXHIBITB	•

PLAN OF TRANSFER

PLAN OF TRANSFER FOR THE TRANSFER ALL COMMUNITY DEVELOPMENT SERVICES OSCEOLA TRACE COMMUNITY DEVELOPMENT

OF

OF THE

DISTRICT

1.	PURPOSE. The purpose of this Plan of Transfer is to provide a plan for the transfer	
of all community development services of the Osceola Trace Community Development District (the	
"District") to Osceola County, Florida (the "County") and then to any Community Development	
District  later established for all or portions of the property currently included within the District (	
"Successor District").	

the

2.

smooth

CONSTRUCTION. and orderly transfer of all

This Plan of Transfer shall be construed liberally to accomplish

community development services of the District to the County. .•

3.	AUTHORITY.  Section 190.046(4), Florida Statutes (2004), provides that a local	
general-purpose government, within whose boundaries a community development district lies, may	
adopt a non-emergency ordinance providing for a plan for the transfer of a specific community	
development service from the district to the local general-purpose government.  Further, section	
190.046(6), Florida Statutes (2004), provides that upon the transfer of all community development	
services  of	a  community  development  district  to  the  local  general-purpose  government,  the	
community development district shall be terminated in accord with a plan of termination filed with	
the clerk of	the circuit court. This Plan of Transfer shall be attached to and adopted by an ordinance	

of

the County, in accord with section 190.046(4).

4.	SERVICES. The District is currently managed by a contract administrator ("District	
Manager") and has no employees.  Counsel is retained to provide legal services to the District.  The	
District currently I?rovides no services to the residents and owners of lands within the boundaries of	
the District.  As all community development services shall, by operation of this Plan of Transfer, be	
transferred to the County, following the termination of the District, no further internal District	
administration will be required.  The County, then any successor District shall be responsible for	
filing any final reports for the District required by law, if any.	
5.	TRANSFER OF ASSETS AND LIABILITIES.  Any assets and liabilities of the	
District, as described in the Financial Summary. attached to this Plan of Transfer as Exhibit "A," and	
incorporated as a material part of this Plan of Transfer by reference, shall be transferred in the	
following manner:	

A.

transferred to

All assets the County

of and

the District,  as listed then to any successor

on the Financial Summary, District.

shall

be

B.

transferred

All liabilities of the District, as listed on the Financial Summary, shall be to the County and then to any successor District.

B-1

6.

TRANSFER

OF

ALL THE COMMUNITY DEVELOPMENT SERVICES

OF

THE DISTRICT. All

Florida Statutes, shall

include:

the

be

community

transferred

development services of the District pursuant to Chapter 190, to the County and then to any successor District, and shall

A.

unexercised,

Any and all revenues, and any rights to such revenues,

included and limited to the following:

whether exercised

or

1.

funds  of

required.

The

$49,738.

developer is the

These revenues

sole

have

revenue source and has contributed total

been expended and no transfer shall be

B.	All

entities, including

agreements and relationships and limited to the following:

between

·'

the District and other governmental

1.

This lnterlocal

District.

lnterlocal Agreement with

Agreement shall transfer

South

to the

Florida

County

Water Management District. and thence to any successor

C.

Inc.

All written contracts, including and limited to the

1.	Employment Agreement with Severn Trent

This agreement shall be terminated upon termination

following:

Environmental Services,

of the District.

2.

agreement

Professional Services

shall be terminated upon

Agreement

termination

with Ivey, Harris

of the District.

&

Walls, Inc. This

'>	fa vestment Banking Agreement with Prager, McCarthy & Scaly. This		
3.			
agreement shall be terminated upon termination of the District.		
4.	Develop Funding Agreement Osceola Development Project, L.P. This		
agreement shall be terminated upon termination of the District.		
5.	Financial Advisory Agreement	with Fishkind & Associates, Inc. This		
agreement shall be terminated upon termination of the District.		
6.	Transportation   Improvement	and   Concurrency.   Compliance		
Agreement.	This agreement shall be terminated or transferred upon termination of		
the District.				
7.	Transportation Consulting Group Agreement. This agreement shall		
be terminated upon termination of the District.		

B-2

INTERLOCAL AGREEMENT

THIS INTERLOCAL AGREEMENT (the "Interlocal Agreement") is made and entered into by and between Osceola County, Florida, a charter county and political subdivision of the State of Florida (the "County") and the Shingle Creek Community Development District (the "Shingle Creek COD"), a community development district created and existing pursuant to the provisions of Chapter 190, Florida Statutes.

WITNESSETH:

WHEREAS, the Shingle Creek COD was established by ordinance of the County for the purpose of planning, financing, constructing, installing, operating, and/or maintaining certain infrastructure, including transportation and roadway improvements, drainage facilities, utility
improvements, and other improvements; and	'

WHEREAS, the Shingle Creek COD includes substantially of the property located within the Osceola Trace Community Development District (the "Osceola Trace COD"); and

WHEREAS, the Osceola Trace COD has approved a plan, pursuant to Section 190.046(4), Florida Statutes, for the transfer of all assets, agreements, debt and services of the Osceola Trace COD to the County (the "Plan of Transfer"); and

WHEREAS, pursuant to the Plan of Transfer, the Osceola Trace COD Board of Supervisors is required to adopt a resolution approving a Plan of Termination and direct its Secretary to file such Plan of Termination with the Clerk of the Ninth Judicial Circuit in and for Osceola County, in accordance with Section 190.046(6), Florida Statutes; and

WHERE.A'S, the Osceola Trace CDD has petitioned the County to enact an ordinance approving the Plan of Transfer, which ordinance has not yet been enacted; and

-	..

WHEREAS, the County intends to approve the Plan of Transfer only if the Shingle Creek CDD simultaneously accepts the transfer of all services, assets, debts and agreements from the County and agrees to hold the County harmless from any and all liability associated therewith; and

WHEREAS, certain of the assets and agreements of the Osceola Trace COD will assist with the development of property located within the Shingle Creek COD, thus benefitting the Shingle Creek COD and the owners of property located therein; and

WHEREAS, the Shingle Creek COD desires to enter into this Interlocal Agreement to evidence its intention to accept the services, assets, debts and agreements of the Osceola Trace CDD from the County; and

C-1

WHEREAS, the Shingle Creek CDD has the ability to provide all services as efficiently as, at a level of quality equal to or higher than and at a charge equal to or lower than the Osceola Trace CDD to the users of the services; and

WHEREAS, it is in the mutual interest of the County and the Shingle Creek CDD to establish intergovernmental relations t~at encourage, promote and improve the coordination, overall effectiveness and efficiency of governmental activities and services within the boundaries of the Shingle Creek CDD; and

WHEREAS, the County and the Shingle Creek CDD find this Interlocal Agreement to be a desirable and permissible exercise of their powers, duties and purposes authorized by law.

NOW THEREFORE, in consideration of the mutual understandings and herein, and other good and valuable consideration, the receipt and sufficiency acknowledged, the County and the Shingle Creek CDD agree as follows:

covenants set forth of which is hereby

SECTION 1.	ACCEPTANCE  OF  TRANSFER.	Within  sixty  days  from the	
execution of this Interlocal Agreement, the Shingle Creek CDD hereby agrees to take such actions	
necessary to accept the transfer of all services, assets, debts and agreements from the County in	
accordance with the Plan of Transfer, as such Plan of Transfer may be approved by the County.	
SECTION2.	PETITIONFORDISSOLUTION. IftheShingleCreekCDDdoes not	
accept all services, assets, debts and agreements within such sixty day period, the Shingle Creek	
CDD agrees that this Interlocal Agreement shall serve as a Petition to the County to dissolve the	
Shingle Creek CDD by ordinance in accordance with Section 190.046(9).  Both the Shingle Creek	
CDD and the County agree that the sixty day period may be extended by mutual agreement of the	

parties.

~

~

SECTION 3.

INDEMNIFICATION.

The Shingle Creek CDD agrees to be liable for

any and all damages, losses and expenses incurred by the County that~e c~_used by the County's	
assumption of all services, assets, debts and agreements of the Osceola Trace CDD and to hold the	
County harmless for any and all claims, suits, judgments or damages, losses and expenses, including	
but not limited to, court costs, expert witnesses, consultation services and attorney's fees, arising	
from the County's assumption of all services,~sets, debts and agreements of the Osceola Trace	
CDD.		
SECTION 4.	NOTICES.  Any notices required or allowed to be delivered shall be in	
writing  and  be deemed to be delivered  when:  (A)  hand  delivered  to  the· official  hereinafter	
designated, or (B) upon receipt of such notice when deposited in the United States mail, postage	
prepaid, certified mail, return receipt requested, addressed to a party at the address set forth opposite	
the party's name below, or at such other address as the party shall have specified by written notice	
to the other party delivered in accordance herewith.	

C-2

If to the County:	Osceola County Board of County Commissioners

1 Courthouse Square, Suite 4700

Kissimmee, Florida 34741

Attention:	County Attorney

If to the Shingle Creek CDD:	Shingle Creek Community Development District

c/o Rizzetta and Company

3434 Colwell A venue

Suite 200

Tampa, Florida 33614

With a copy to:	Jonathan T. Johnson, Esq.

Hopping Green & Sams, P.A.

123 S. Calhoun Street

Tallahassee, Florida 32301

SECTION 5. EFFECT ON PRIOR AGREEMENTS. Nothing in this Interlocal Agreement shall be construed as superseding, altering or amending the conditions and terms of any other agreement between the parties hereto.

SECTION 6. ASSIGNMENTS AND TRANSFERS. Neither party may assign or transfer its rights or obligations under this Interlocal Agreement without the prior written consent of the other party.

SECTION 7.	SUCCESSORS. This Interlocal Agreement shall be binding upon and
shall inure to the benefit of the County, the Shingle Creek CDD, and their respective successors.
,.,.

SECTION 8. ENTIRE AGREEMENT. This Interlocal Agreement shall constitute the entire agreement between the parties and supersede all previous discµssions, understandings and agreements between the parties relating to the subject matter of this Interlocal Agreement. Amendments to and waivers of the provisions herein shall be made by the parties in writing by formal amendment.

SECTION 9. EFFECTIVE DATE. This Interlocal Agreement shall become effective upon the date of execution by the authorized representatives of both parties and filed with the Clerk of the Circuit Court in and for Osceola County, in accordance with section 163.01, Florida Statutes.

SECTION 10. TERMINATION. This Interlocal Agreement may only be terminated upon written consent of both parties.

C-3

IN WITNESS WHEREOF,	the parties hereto, by and through the undersigned, have entered		
			
into this Interlocal Agreement on the date and year first above written.		
	OSCEOLA COUNTY, FLORIDA		

(SEAL)

ATTEST:

By: _______________	_		
			
Chairman, Board of County	Commissioners		
				
II				
u,				

Clerk

to the Board

SHINGLE CREEK COMMUNITY

DEVELOPMENT DISTRICT

By:

Its:

____________	_		
			
----------------		

ATTEST:

Name: __________	_						
							
Title:   Secretary / Assistant Secretary						
STATE OF FLORIDA	}								
										
COUNTY OF OSCEOLA	}								
										
The foregoing instrument was acknowledged	before me this ___ day of ____	, 2005,		
			of		
by ________	and __________, as  the Chairman of the Board			
					
Supervisors  and _______	as  Secretary /  Assistant  Secretary  for  the  Shingle  Creek		
Community Development	District, and who have acknowledged that they executed the same on		
		Community Development District and that each was authorized to do		
behalf of the Shingle Creek			
		to me	or has produced _______________	_		
so.  Each is personally known					

as identification.										

In

witness whereof, I hereunto set my hand and official seal.

Notary Public,

Sta.te

of

Florida

STATE OF FLORIDA		
DEPARTMENT	OF STATE		

Division

of

Library

and Information

Services

I,

Glenda

E.

Hood,

Secretary

of

State

of

the

State

of

Florida,

do

hereby

certify

that

the

above

and

foregoing

is

a

true

and

correct

copy

of

Osceola

County

Ordinance

No.

05-15,

which

was

filed

in

this

office

on

May

27,

2005,

pursuant

to

the

provisions

of

Section

125.66,

Florida

Statutes,

as

shown

by

the

records

of

this

office.

Given

under

my

hand

and

the

Great

Seal

of

the

State

of

Florida

at

Tallahassee,

the

Capitol,

this

the

6th.,

day

of

June,

A.D.,

2005.

Secretary of State

DSDE

99

(3/03)