01'1,lCIAL FIL!: COPY CLERIC OF Tall BOARD
OF COL'N'rY COMMISSI01''ERS MI.Uil-DADE COUXTY, FLOlUDA

(Public Hearing 02-05-08)
Da :	January 22, 2008

To:	Honorable Chairman Bruno A Barreiro

Agenda Item No. S(A)

Memorandum

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From:

and Members, Board of County Commissioners

George M. Burgess @
County Manager

Ordinance 08-12

Subject:

Ordlnanc;:e Expanding and Contracting the Boundaries of the Grand Bay at Doral Community Development District (Commission District No. 12)

Recommendation

It Is recommended that the Board adopt the attached Ordinance expanding by 163.50 acres and contracting by 5.45 acres the boundaries of the Grand Bay at Doral Community Development District (COD) In unincorporated Miami-Dade County pursuant to the authority granted by the Miami-Dade County Home Rule Charter for the purposes set forth In Chapter 190 of the Florida Statutes, subject to acceptance of the declaration of restrictive covenants running with the lands of the expansion area within the jurisdiction of the COD. The COD boundaries as amended will Increase the area encompassed by the COD from 176.43 acres to 334.48 acres. The proposed amendment to the Grand Bay at Doral Community Development District has been approved by the City of Doral pursuant to Res9lutlon No. Z08·01.
Scope

This COD Is located within Commission District 12 and will provide funding for capital improvements as well as multipurpose maintenance functions within the COD. The expanded COD will be comprised of 148 workshops, 555 townhouse units, 1,583 condominium units, 331 single-family homes, and 1,489 rental units at a cost for Infrastructure of approximately $110,852,575.
Ftscal tmpactJFundlng source
Revising the Grand 811y at Doral Community D$velopment District boundary will have no. flsoal lrnp,ict IQ Miami-Dade County. COD funding Is provided by private COD liens and assessments against affected property and may b• collected privately or through the annual Combined Real Property tax blll pursuant, to an lnterlocal agreement with Miami-Dade County. Costs to new owners within the COD boundaries as .amended will remain the same.
Track Record/Monitor
A special taxing dls.trlct will be created to maintain the development's Infrastructure such as private	i
roadways, private area storm drainage and landscaping, should the COD be dissolved or fall to fulfill Its maintenance obligations. The special taxing district will remain dormant until such time as Miami• Dade County determines to Implement the district.

COINIXPAND OP.ANO DAV AT DORMCUDOIU>IWANCII htru,IQ,OMB
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Honorable Chairman Bruno A. Barreiro
and Members, Board of County Commissioners Page 2

The original Grand Bay at Doral COD proffered restrictive covenants which specified COD costs to new owners and was recorded In the Public Records of Miami-Dade County at Clerk's File No. 2006R1279233 consistent with the requirements of Resolution R-413-05 adopted by the Board on April 5, 2005, and as amended by Resolution No. R-883-06, adopted on July 18, 2006, to add language regarding the option to pay capital assessments In full at time of closing. The restrictive covenant provides for notice In the public records of the projected taxes and assessments to be levied by the CDD, Individual prior notice to the initial purchaser of a residential lot or unit within the development and provisions for remedial options to Initial purchasers whose contract for sale did not Include timely notice of the existence and extent of COD liens and special assessments. A covenant to amend the original COD restrictive covenants and releasing the removed property from the covenants and restrictions of the original Declaration of Restrictive Covenants has been provided along with a second Declaration of Restrictive Covenants covering the proposed expansion area,

This Board Is authorized by the Florida Constitution and the Miami-Dade County Home Rule Charter to establish, expand or otherwise alter the boundaries of governmental units such as this CDD within Miami-Dade County and to prescribe such government's Jurisdiction and powers.

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The roads related to this development are both public and private and will be maintained by Miami­ Dade County and the COD.

C01)'Jll(PMm OllAMIJ DAY ATOOP.ALC'DD 0!U>l AMCR MOMO•OMO
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MEMORANDUM
(Revised)

TO:		Honorable Chairman Bruno A. Barreiro	DATE: and Members, Board of County Commissioners

Fe brua r.y  5,	2 008

FROM ;

SUBJECT:	Agenda ltem No. S(A)
County Attorney

Please note any Items checked.

"4-Day Rule" ("3-Dny Rule" for committees) applicable If nlsed
 		6 weeks required between first reading and public hearing

 		4 weeks notification to municipal officials required prior to public hearing
 		Decreases revenues or increases expenditures without balancing budget
 		Budget required
 		Statement of fiscal Impact required
 		· Bid waiver requiring County Mnnnger's written recommendation

 		Ordinance crenting a new board requires detailed County Mnnngcr's report for public hearing

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Housekeeping item (no policy decision required) No committee review

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Approved 			_.M..,a.,_y...,..or Veto	 	
Override	 	

Agenda Item No. 5(A)
02-05-08

ORDINANCE NO.  	0;;8.;.-.1.  2	_
ORDINANCE GRANTING PETITION OF GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT" OR "PETITIONER") TO EXPAND AND CONTRACT THE BOUNDARIES OF THE DISTRICT ESTABLISHED BY ORDINANCE NO. 06-153; PROVIDING SEVERABILITY, EXCLUSION FROM THE CODE AND AN EFFECTIVE DATE

WHEREAS, the Florida Legislature created and amended Chapter 190, Florida Statutes, to provide an alternative method to finance and manage basic services for community development: and
WHEREAS, Section 1.01(A)(21) of the Miami-Dade County Home Rule Charter grants
the Miami-Dade County Board of County Commissioners the authority to exercise all powers and privileges granted to munlclpalitles and counties by the laws of this State; and
WHEREAS, Article VIII, Section 6(1) of the Florida Constitution provides for exclusive County Chapter authority to establish all governmental units within Miami-Dade County arid to provide for their government and prescribe their Jurisdiction and powers; and
WHEREAS, at Its meeting of October 24, 2006, the Board of County Commissioners of Miami-Dade County adopted Ordinance No. 06-153, establishing the Grand Bay at Doral Community Development District ("District" or "Petitioner") and providing for specific boundaries of the District; and
WHEREAS, pursuant to Section 190.046, Florida Statutes, the District may petition and
the Board of County Commissioners has the authority to expand the boundaries of a community development district within Its Jurisdiction; and

Agenda Item No, 5(A) Page No, 2

WHEREAS, a public hearing has been conducted by the Miami-Dade County Board of County Commissioners in accordance with the requirements and procedures of Sections 190,005(2)(b) and 190.046(1), Florida Statutes, and the applicable requirements and procedures of the Miami-Dade County Home Rule Charter and Code; and
WHEREAS, the Board of County Commissioners finds that the statements contained In the Petition to Expand and Contract the District Boundaries are true and correct; and
WHEREAS, the alteration of the District boundaries Is not Inconsistent with any applicable element or portion of the State comprehensive plan or the Miami-Dade County Comprehensive Development Master Plan; and
WHEREAS, the area of land to be Included In the expansion of the district boundaries Is sufficiently compact and sufficiently contiguous to be developable as one functional Interrelated community and the area of land being removed from the district boundaries does not Impact such functionality; and
WHEREAS, the expansion of the District boundaries Is the best alternative available for delivering the community development facilities and services to the expanded area that will be served by the District and the area of land being removed will not Impact such delivery; and
WHEREAS, the proposed facilities and services to be provided by the District within the expanded area will be compatible with the capacity and uses of existing local and regional community development facilities and services; and
WHEREAS, the area that will be served by the District, as the boundaries of the District are expanded, Is amenable to separate special-district government; and
WHEREAS, the owner of the property that Is to be developed and served by the community development services and facilities to be provided by the District has submitted executed declaration of restrictive covenants pledging among other things to provide Initial purchasers of Individual residential lots or units within the expansion area with notice of liens and assessments applicable to such parcels, with certain remedial rights vesting In the

Agenda Item No. S(A)
Page No. 3

purchasers of such parcels If such notice Is not provided In a timely and accurate manner and contained In such covenants Is a provision releasing that portion of lands to be removed from the COD from the obllgatlons of the aforesaid restrictive covenants; and
WHEREAS, having made the foregoing findings, after a public hearing, the Miami-Dade County Board of County Commissioners wishes to exercise the powers bestowed upon It by Section 1.01(A)(21) of the Miami-Dade County Home Rule Charter In the manner provided by Chapter 190, Florida Statutes,
NOW,	THEREFORE,	BE	IT	ORDAINED	BY	THE	BOARD	OF	COUNTY
COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA:

section 1,

The foregoing findings, which are expressly set forth herein, are hereby

adopted and made a part hereof.

section 2,

The Petition to Expand and Contract the Boundaries of the Grand Bay at

Doral Community Development District to Include and remove the real property described In the petition attached hereto, which was flied by the District on September 18, 2007, and which Petition Is on flle at the Office of the Clerk of the Board, Is hereby granted. A copy of the Petition Is attached and Incorporated herein as Exhibit "A."

section 3.

The external boundaries of the District as expanded are contiguous, and

shall be depicted on the location map attached hereto and Incorporated herein as Exhibit "B" and legally described In the Petition.
section 4.	The current members of the Board of Supervisors are as follows:
.Cesar Llano Jessica Gonzalez Catherine Burns Barbara Pico Diana M. Manso

Ordinance 08-12
Agenda Item No. S(A)
Page No. 4

Section 6,	The name of the expanded District shall remain "Grand Bay at Dora.I Community DevelopJllent District."
Section a.	Notwithstanding any power granted to the Grand Bay at Doral Community
Development District pursuant to this Ordinance or Ordinance No. 06-153, neither the District nor any real or personal property or revenue In the District shall, solely .by reason of the District's creation and existence, be exempted from any requirement for the payment of any and all rates, fees, charges, permitting fees, Impact fees, connection fees, or similar County rates, fees or charges, special taxing districts special assessments which are required by law, ordinance or County rule or regulation to be Imposed within or upon any local government within
the County.
section z.	Except to alter the boundaries of the District as provided herein, this Ordinance does not affect, amend or modify Ordinance No. 06-153.
section a.	If any section, subsection, sentence, clause or provision of this Ordinance Is held lnvalld, the remainder of this Ordinance shall not be affected by such lnvalldlty.
Section 9.	II ls the Intention of the Board of County Commissioners, and It Is hereby ordained that the provisions of this Ordinance shall be excluded from the Code of Miami-Dade
County.
Section 10.	This Ordinance shall become effective ten (10) days after the date of enactment unless vetoed by the Mayor, and If vetoed, shall become effective only upon an
override by this Board.

PASSED AND ADOPTED: February 5, 2008

Approved by County Attorney as to form and legal sufficiency:

Prepared by:
Gerald T. Heffernan	7

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I	PETITION TO AMEND THE BOUNDARIES OF

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GRANDBAYATDORAL	l

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COMMUNITY DEVELOPMENT DISTRICT

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CITY OF DORAL	1
MIAMI-DADE COUNTY, FLORIDA

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SEPTEMBER 18, 2007

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EXHIBIT "A"
TO THE ORDINANCE

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GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
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CONTENTS
Petition for Ordinance	3 pages
Exhibit A·I	Current Legal Description of the Grand Bay at
Doral Community Development District

Exhibit A-2		Legal Description of Areas to be Exclud ftom the Orand Bay at Doral Community Development District	·

Exhibit A-3	Legal Description of New District Boundaries of
the Grand Bay at Doral Community Development District
Exhibit B	Construction Timetable and Cost Estimate for Area
to be Included within the Boundaries of tho Grand Bay at Doral Community Development District
Exhibit C	Affidavit of Ownership and Consent to Inclusion of
Property within the External Boundaries of the Grand  Bay at Doral  Community Development
. District
Exhibit D	Designation of the Future General Distribution,
Location and Bx.tent of Public and Private Use of Land Proposed for the Area to be Included within the Grand Bay at Doral Community Development District

Exhibit E		District Boundary Map of New Boundaries of the Grand Bay at Doral Community Development District
Exhibit F	Statement of Estimated Regulatory Costs

PETITION TO AMEND THE BOUNDARIES OF
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1	GRAND BAY AT DORAL

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l	Community Development District

September 18, 2007

Prepared by
Special District Services, Inc,
The Oaks Center 2501A Bums Road
Palm Beach Gardens, Florida 33410
S61-630-4922 -Tele
877-737-4922 -  Toll Free
561-630-4923 - Fax

IV

IN RE:	AN ORDINANCE TO AMEND	)	
	THE BOUNDARIES OF THE GRAND BAY AT DORAL	)	
	COMMUNITY DEVELOPMENT DISTRICT	)	

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PETITION TQ AMEND THE BQYNDllAIES OFTHE
GRAND BAY ATDORAL COMMUNITY DEVELOPMENT QJSIRICI

The Board of Supervisors (the "Board") of the Grand Bay at Doral Community Development District (the "District"), an independent special district established pursuant to Chapter 190, Florida Statutes, by Reaolutlon No. Z06-04 (the "Resolution") of the City or Doral, Florida (the "City") adopted on March 22, 2006, and by Ordinance No, 06•153 (the "Ordinance") of Miami-Dade County, Florida (the"County'') adopted on October 24, 2006, hereby petitions the Miami-Dade County Commission (the "Commission") in accordance with Section 190.046(1) of the Uniform Community Development Act of I980, Chapter 190, Florida Statutes (the "Act"), to amend the boundaries of the District and in support thereof, hereby attests as follows:

That approximately 176,43 +/. acres are currently within the external boundaries of the District, as legally described In Exhibit A-1.
That the Board desires to amend the boundaries of the District to remove approximately 5,45 acres as legally described In Exhibit A-2.
That the Board desires to amend the boundaries of the District to contain approximately 334,48 +/. acres as legally described in Exhibit A-3. Following such expansion of the District's boundaries, all lands in the District will continue to be located wholly within the jurisdictional boundaries of the City of Doral and Miami-Dade County.
That aMexed hereto as Exhibit B Is the proposed timetable for construction of any District services to the area to be newly included in the District and the estimated cost of constructing the proposed services.
That annexed hereto as Exhibit C and made a part hereof is evidence of the written consent to the inclusion of its property in the District by the owner (directly or as attorney in fact) of one hundred percent (100%) of the real property to be newly included within the District.

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That annexed hereto as Exhibit D and made a part hereof Is a designation of the future general distribution, location, and extent of public and private uses of land proposed for the area to be Included in the District by the future land use plan element of the effective local government comprehensive plan.
That annexed hereto as Exhibit E and made a part hereof is a statement of estimated regulatory costs in accordance with the requirements of Section 120.541, Florida Statutes.
That following the proposed amendment of the District's boundaries, (i) the property within the District will not bo inconsistent with any applicable element or portion of the state comprehensive plan or of the effective local government comprehensive plan; (ii) the property comprising the District will be of sufficient size, compactness, and contiguity to be developable as one functional Interrelated community; (Iii) the District will continue to present the best alternative available for delivering the community development facilities and services to the property that will be served by the District; (iv) tho community development facilities and services of tho District wlll not be incompatible with the capacity and uses of existing local and regional commwlity development services and facilities; and
(v) the property comprising the District will be amenable to separate special­ purpose government.
That all statements contained within this Petition arc true and correct.

WHEREFORE, Petitioner, the Board or Supervisors of tho Grand Bay at Doral Community Development, hereby respectfully requests the Commi88ion to:

A Direct its staff' to notice, as soon as practicable, a local public non• emergency hearing pursuant to the requirements of Section 190.046(l)(b) of the Act to consider whether to grant the petition for the amendment of the District's boundaries and to amend the Ordinance establishing tho District to reflect the new boundaries of the District.
Grant the petition and enact an ordinance pursuant to applicable law amending tho Ordlnanee oatabllahlns the District to reflect the new boundaries of the District.
RESPECTFULLY SUBMITTED this\4,w day of:E-eBt,nJf2i2,.	2007.
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Name: Cfb E. Ue--\:o
'ntle: Chair

STATBOFFLORIDA	) COUNTY OF MIAMI-DADE	)

Ull/]Q	,

e &going lnatnunent }VBS acknowledsecl	betbre  me t. his	/tf	day of
o_		•  2007, by (!.QJQrf.t)	R,	the Chair of the BOARD
 	  F	SORS QF ORAND BAY  AT DORAL COMMUNITY DEVBLOPMBNT

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DISTRICT, who ls £11 personally known to me [ ] or produced 	as
identification.

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'  ,,:''"!'\''"••	SARY FAR

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1•,11,11o • Slal• of Plolldo

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Cnmm 11on 1100279122 •

Notary Public

,,,,.,...	Bo11d1dByNal!onalNotorvA11n.

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Typed, Printed or stamped name of Notary Public

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I	EXHJBJIA•l
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.	CURRENT LEGAL DESCRIPTION OF THE
.I	GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
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I	LEQAL Dl!8CFll'Tl0Ni
A porUon of Section e, Townehlp 83 South, Rang, 40 Ea■t, Miami-Dada County,
Florldo, b1rno more portrculorly d11crlbed 01 rollowa:
COMMENCE at the NarlhwHt Comer or aold Section 8; thence N89 de, 39mln281■c:E, alono lh• North Lin• of IOld Sevllan e, for o  dl1tono, of  40,01  ,.et  o  th• POINT OF' BEGINNING of the hereinafter d11crlbed Parcel of Land: thence aonUn11e N811d1giS11mrn2a-£, along the la■t d11orlb1d Un■ for a dl1tanc1 of 2818.18 f11t; thenc■ S01d119f4mln241ecl: for a dl1tanc1 of 3358.11 Ifft; thenc:1 S88d1Q38mln2D110W far o dl■tonoe of 2817,08 flat; thenc:e N01d!1943mln291ecw, along a Ifni 40.00 feet Ea,t  af ond paroll,1 with Iha W11I Un• of 101d Seollon  8, for a distance of 3358.12 feet lo the POINT OF' BEOINNINC,
U:SS lHE FOi.LOWiNG DESCRIBED LANDS:

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The Eall 400 feet af the Weet 1170. feet of the North  240 ,.,I, and  the £a1t  480 feet  of  the W.1t 970	of the South 2110  feet of  th•  North  490 feel of Section 8, Tawn,hfp 83 South, Range 40 Ea1l, Miami-Dade Caunty. Florldo. 01  clMorlbed In o s,ieclal Warranty DHd recorded In 0fftalal Reccrd1 Boak 181198, at  Page 78& of Iha Publlo Reaord■ of Miami-Dade County, Florlda,
LESS 1HE fOU.OWING OESCRIBl!D LANDS:
A portion of Iha Norlhw11t I/4 of Seotfon e, Townahlp 53 South, Rona• 40 e:a■t,
Miami-Dade County, Florldo, belno more partlaulorfy deac:rlbed a, fallow11
COMMENCE ot the Northweet Carner of eald Section 8: th•nc• South
01 43mfn2hlo lo■t,  alane  the  WHt Lin• of  th•  Northw11t  1/4  of  ■old Section 8, for a dlltanae of 240,07 feet:  thence  North  89d■a38 mln28■ec  Eaal  for  a dlatonc, of 40.01 feet to the POINT OF' BEGINNING of the henfnofter de1cllbad Pcroel of Land: thence aontlnu• North 8Bded38mln28Hc E'111t for o clatance of 31O.OII fut: thenoe South 01dilg43mln281ec Eoet for o dlatonae of 388.JJ fHI; th■noe South 81Sdeo18mln31ua W..t for a dl■tanae of 310.00 feet· thano, Narlh 0td11143m!n2hao W11t, alone o Lin• 40.00 feet Eaat of and pcraliel with the W•t Ute of the Narthwe,t 1/4 of ■old Section fl, far  a dletonc■ of  408.81 fHI  to the POINT OP' IIECINNINO.	,
LESS lHE' FOU.0\\1NG DESCRIBED LANDS:

A portion of th, NorthwHI I /4 ond th• Southwut 1/4  of Section  8.  Town1hlp  53 South, Range 40 Eo1t, Miami-Dade County. Florida, being more parllcularly · dMCl'lb■d aa foUo w■:
COMMENCE at Iha Northwnt com" of told Seollan 81 lhenao South
0ld1943mln29110 Ea■t. along  the WHt Line  of  the  Northweat '1/4 of aald Seollon
S. for o dl1tanc1 of 847.811 fHt; thence North 88 daa18mln3h ■a  Eaal far o dletanae of 40,00 feet to the POINT OF' B!OINNINC of the hereinafter d11erllled Paroel of Landi thence continue North 88dtl)f8mln3t110 Eo■t for a dl■lance  of 310,00 f11t1 thence South 01dag43mln29aaa East, along a lln• JS0.00 ,.,1 e:a■t ol and parallel with the W••l Lina of tho Northweat t/•  of  told  Section  8.  for  o dl■lance of 547,82 feat to· o point  herelnaller  refer  to  a■ Ref-ca Paint  "A": thence Soulh 88dag18mln31uc Weat for o dlatanca of IOof.00 teeli thenc:e North
l) td 911411mln28a■c Weal for a dl1tanc1 of 100.00 le■I; thenae ·south Blldegl8mln:SIHO Weal lor o dl1tanae of 2011.00 feet: lhenoe Norlh
0ldeg43mln29H• Woat, alon11 o llne 40.00 feet Eo■t of and parallel with the we,t Line of the Norlhwe■t 1/4 of aald Seotron 8, for a dlatono• of 447.&2 feel to the POINT OF BEGINNING.
AND	I

OOMMENC£ at the aforam,nlloned Reference Pofn\ "A"; thence South 01d•oof3mln291to Eo■t, along a fine JIS0.00 feet Ea■t of and parallel with Iha West Lin• of the Northwe1t 1/4 ar said Section 8, for a dfatonce of SO.OD fHt	to the
POINT OP' BEGINNING or the her•fnatter deaorlbed Parcel of Land: thenH oontlnue South 01d1943mfn2811c Ea1t, clang th• fa1t d11arfbld fine, for a dfatance of 1384,00 feet to a point herelnofltr refer to aa Refer1nc:1 Point "II"; thence South 88d1918mln311•c Wt■I for o dlllonae of 310.00 feat; thence North Otdag43mln29Ho WHt, along Ill Una 40,00 feat loat of and parallel with the We■t Line or th• Norlhw,,t 1/4 af ■aid Section 8, for a dfetance of 12159,88 fut:
.thence North lld•111emfnJ1.. a Eoet for a df1tano, of 208,00 rHt: thence North Old1943mln29110 Wt■t for a dl1t11n11e of 104,32 feet; thence North 88d11118mln311ec ! a■I for a dlalance of 104,00 ,eet to the POINT OF BEGINNING.
AND
COMMENCE ot th• otorem,ntlanad Rafer■no, Point •11•: thenoe South 01deg4.'Jmln29110 1011, along a fine 3110.00 feet £oat of ond porall•I with th• We■t Lina of th• Southweat 1/4 of aald Sectran 8, for o dl1tonoe of 80.00 feet to the POINT OF' BEGINNING of the hereinafter deacl'lbed Paroll or Landi theno• continue South 01deg4Jmln29Ho roet, along th• la,t d■■orlbed for a dl1tono, of 1197.19 f11t; thence South 89dea39mln211■eo W11t for a dl■t onae of 310,00 feet; lhano1
North 01deg43mln211110 W11t, along o lrne 40,00 feel lo1t of and parallel with the
W11t Line of the Southweat 1/4 of told Seotlon 8, for a dl1tono1 of 889.72 fHt: thenc■ North 88d1gl8mln31etc Ea1t for a dl1tano1 or .310,00 feet to th• POINT OF BEGINNING.
Containing 7,885.385,79 Square l"eet or 178.4.3 Acree more or 1111.

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EXHIBITA-2
LEGAL DESCRIPTION OF AREAS TO BE EXCLUDED FROM THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

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LOCATION ,

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OOATION MAP
8UIIVeYOR'8 NOTESo	,
-1111, It not a Boundor)I Slorv1y, but only o GRAPHIC DEPICTION 'or the dellW!plloh ehown hmon,
-Not valid without the -algnatur, and the orlglnol rol11d 1101 or o Florido Ufn11d SIIM)!Or ond Mopper. Addition, or del1tlon1 to eurv1y mop, or report• by other th the elgnlng party or parll11 I■ prohibited without wrltt,n oon11nt of th• algnlng p rty or parllN.
J) -lhw may bt addltlonal Rntrlotlon1 not ehown on 1h11 Sk1toh "	Ltg I Iha moy be round
.		In the Publlo R1oord1 of lht. Counlr, El!omlnatlo of ABBlRACT OF 11n.E Ill bt mad, to d1termln1 r1oorded lntlrumentt, I any aff,otlng 1h11 property. ·
4) -North o"ow dlreotron and B1arlng1 lhown herton "" ba11d. on aNumed valu1 oll S01'4J'2t''E, a!png U,1 WNt Un1 ol Stotlon 8, Townlhlp 113 South, Rang, 40 Eoal, 01 lhown on lh• ltoUon Sh11I thlllOI ol .th1 Publlo Reoord1 of Miami-Dodo County. Florl<la,	I
S) -111, Sktlah ond Legal D1tcrlpUon 1hown herein le bmd on the lnlormatron proYl ed by the ClltnL
8) -No tlUe rtHorch ha, been po,formed to delormln1 If there are any oonftlat ••l•I g or orlelng out of the or1atlan of the 1!011m1nt1, Rlght-or-wayo, Pare,! 0HOrlpllon,, or a y olhtr 1)111 of 1naumbron011 that the herein deaorlbod logal may bo utlllzed far, .
8UIM!YOl'l'8 Cl!IITll"IOA'Ta
I Hertby Ctrtlly to th, b,,t of my knowl1d91 ond belief lhot Ihle drowll,g 11 b true.and oorreot ' r,pmentallon of the SKETCH ANO LEOAL DESCRIPTION of tho real propertyj dNDJlb'ed• tt,.rtan.
I fllrther otrllfy that thla 1k1loh waa prepared In ocoordono, with the appll abr,.P!'IWiirolo ·ol
Chapter 81017-8, F'lorlda Admlnl1trot1ve Code.	· / ;, ' ... ·
Font•.  Armenteros   .t:  Ma.1WC71,   /no. L.B.  6667	··	·

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Datte o111LV 28, 2007,

R• •lan• SEl'liMBiR 8, 2007 (EXPAND BOUNDARY TO lliE scum)	oa   o	', , , ,
R1 1lon1	Prol111lonol S ve r,·and Mdpp
Stat, or Florida, 1glalr .llo1> No,59 a
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ORD,ARMENTEROS& MANUCY, INC. 1910 N,l'f,84lh AY&NUI, 2nd PLOOR MIAMI, FLORIDA 33172
PH,(3051417.,.72

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Ll!QAL DBSCAIPllONo

a dltlano1 ol "8.14 11111 lh1na1 NHd, tmln21mE for a dl1tano1 al 111.02 f 111 lhonot

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UnJ of oald Sootlon e. tor a dl1tcnoe of U89,37 t't• 1 lhonao N88dtg11mln31Moi< or a dlotonoa of IHI to lhl POINT 0,  IIGINNINO ., lhl lollowln9 do■orlbld Paroll df Lond1	11101 oanUnu,

Net d■gllmln31ncl for o dlolona1 of 27t,OO t't1ti 1 1n•1 S01dlQ43mlnUmE for

A P.Ortl,n al Stoll,n e, Townlhlp 113 South, Rant• 40 Eul, Miami-Dado County, Plci'lda, •Ing mare

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COMMl!NCI al tho Narlhw11I CoMor ol 1ald StoUon 81 lhenao SOld1g43mlnHHd!

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porllaularly d1td1d a■ lo!IOWII

e,o.ao

I f ,	,

dlttano, of

tHo1r,72 1111;  lh■nDI 18Bd19llmll\31110W  for a dlllanH ol 111.00 11111  lhlftOI SOid  g43mln28ml

o,

801d,a43mlnatmE for a dl1lana1 ol 182.39 fltlr th1no1 Hld,t18rnln17110W• for	d 1tano1 of 270,00 11111 thenoo N01d"'43mln29110W tor o dl1tano1 of 881,83 1111 lo lht POIN		B!OINNINO, Conl41nlng 7,314.81 Squort ,,,t or 8,48 Aort• moro ·or 1111,

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i	ORD, ARMENTEROS & MNlUCY, INC,
ll&O N,W.fl AVENU&, 2nd Ft.OOR		
PH, (301) 477-11472	
Fl'JC (306) 470.280.D		

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EXHIBITA-3
LEGAL DESCRIPTION OF NEW DISTRICT BOUNDARIES OF THE
I	GRAND BAY AT DORAL COMMUNITY  DEVELOPMENT DISTRICT

I

GRAND BAY AT DORAL
A porllDn rif Stcltlon a, Triwn■hlp a:, South, Rongo 40 Ea1t, Miami-Dael• County, Florida,
blfno mor• partlcularly dncrlb1il H follOWII

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COMMENCE ot the Nortllweet Oomtr of aald 81atlon 8; th111oe Nlld1g:Sflmln28110E, otong the North Lint of 1ald Seotlon 8, far a dl1tono1 of 40,01 ftlt to the POINT OF IEOINNINB of the herelnaft• d11arlb1d Paroll of Landi th111oe oontlnut NUd11Hmln281ta1, along  th• la1t  d11arlb■d ltno  for a dl1tan0t  rif 2818.ta  fe■t.;  thence SOldeg44mlri24atOI far a dlltonoe of 33U.11 feet1 11\ena, S89d1g:58mln25110W for o dl1tonoe ot 2117,08 feetJ thence NOld1a43mln211ea along a lln• :.f0,OO f"t
Ea1t of and 1111 with th, WHt Lin• of 1alil Stotlon 8, 1Gr a lllttanoe of .:S:SOS,\2
feet to th, POINT OF BEOINNINO.
LESS
The EClllt 400 feet of the W..t 970 feet or th• North 240 feel, and the Eo,t 4450 foet of the We■t 970 fut of tho South 250 feet ol th, North 490 feet of Seotlon 8, Townllhlp 8:S South, Range 40 Eatl, Mlaml•Dadt County, Florlda, a, cleeorlb1d In a alal warranty Dud recorded In Offlckll Rtc0rd1 Baolt 18891, at Pogo 7811 of the Pilbllc Record, of Mlaml•Dode County, Flarldo,
AND1 (DORAL VILLAS)
A portIan af the South 1/2 of Station 8, Town1hlp 03 SouUl, Rana• 40 Eori,
Miami-Dode County, l'lorlclo, being mare particularly dtacrlbtd a■ fallowa:
COMMINOE ot the Sauthw•t com,r of eald Stotlan 81 th"'oe NOldeg4:Smln281eoW, along th• W11t Line of u,, Southw11t 1/4 af 1ald SIOtlon 11, for a dt,tanoo of 7ll0,21 ttet: t,1na1 NUdegHmln2811aE for a dtatanc:11 of 40,01 to the POINT OF BEOINNING of th• herelnafttr dlllCirlbecl Parcel of Landi thence NOldla4llmtn28eeoW. along a Ifni

a.

40.00 f•t		l a■t af and paralltl with th1 tald W11t Line of the SOUthw11t 1/4	of ■old Station	far a dlltanoe of 1180,41 fut: thence N89deQfflllln2lluot. alonp a ltn1 paroUel with and 1820.00 ffft North of th• SOI.Ith Lin• of th• Sautllweet 1/4 or eold Seotlon 8, for o dlltonae of 2817,08 feet1 th111H $01deg44mln24NOI far a dl1tonae of 1180.42 fe1t1 thenoo 88tcleg31mln2IIIIOW, olong a Une tl\at l•Jaralltll with and 730,00 faet North af tho South Une or th1 eold Southweat 1/4 of ea	Seatlon 81 far a dlttanQI or 2617.39 feet to Iha POINT OF' BEGINNINCJ,
ANDI (DORAL PLACES)
A portion of the Narlheast 1/4 of Seollon 8! Townlhlp	South, Flange 40 East,
Miami-Dode Countr, Florida. bolno more part cularly d1ecrtb1d 01 fotlowei
BEGIN at the North1a1t Comer of 1ald Section 81 th,nae SOIdeg4'1mln24110E, alan the &:alt Line of tho ■aid Northea,t 1/4 of told Section 8, for a dl1tona■ at 12111,elS f11t: thenoe S811deg:Sllmln25a,oW, along a lln, paraHel with and 4087.91 fHt North of the Sauth Lino of the Southoaat 1/4 of eald Sootlan 8, far o dl1tanae of 2808,82 f11t to a point on o llne that la parollal with and 2808.04 fHt Weat of lb• £oat Line of tho aold Northea.t 1/4 of oald Section 81 thenoe N01deg44mln24ffaW, along the ta■t d11c;rlbec tine for a dletonce of 1219,82 feet tQ a point on th• North Lina of th, aald North101t
\/4	of ,aid Station 81 thence N89deg:SSmln28aacE, along Iha lost d1scrlbed lln1 for a dletance of :11108,82 feet to the POINT OF BEGINNINCJ,

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LISS 1HE F'OIJ.OWINO DESCRIBED PARCELS:
(CHURCH SITE)

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A portion ef th, Northw.. t 1/4 of Seotron 8. TownlhlP t!3 south, Rong• 40 Eoat, Mloml-Dodt count>\ Florido, &elng more portfoularly deecrlbed III fallow1:

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COMMENCE ot the Northw11t Com1r of 1ald Btotlon 81 thtno. 801dog Jn291oclt. alono  the Wot  Un,  of th• Northwe■t 1/4	or 1old hallon	tor o dl■tonot of 115158,1+
f111t1 1h•n.at Nlldgldmln.Sl110E far o cll■t ono1 of 00,00 feet to tht .POINT 01"
BEGINNING of th, followln, de,orlbed Parcel of	thence S01clet',lmlnH11aE far o
dl1tono1 of 239,28 f11t, h1111a1 N88d1918mln31	far a dlatanot of 288,00 f11t1 th11101 NOt d1g4,'!mln281■oW tor a dletono■ or 220,42 fHt to a DOtnt Of curvature of o olroular aurvt to the left, oanaovo to the SoulhWNII thenot NoHllttly. Northweaterly and Wuterly alano the aro of eald ourVtt, halllno far lte ll1m1nt1 a fodlll• of 23.00 felt, i,rouall a aentral angle of 80d1aOOmln00110 ror on oro dl1tano1 or 38,13 fnt to o point of lcln;ano)I th11101 S81d1918'mln.S111tW for a dl1tonoo of 228,00 fa1t to o point qt ourvorure of a olroulor curvt to the loft, ooncove to th• Soulheo1t1 lh•na,
W11ter1Y and Scuthweateriy along the aro af Mid ourve, hewing for 111 ,1111111nt1 a radlu1 of 34.fO feet, through o oantrar angle of :Sld19&7mln87110 for an aro dl1tonOD of
r11t to lh• POINT 01" B!OINNING,
AND: (SCHOOL Sl'II)
A portion of Seotlon 8, Townlhfp IS3 SOlolth, Range <tO Eal, Mlaml•Oade County, l'larldo,
lltfn9 m-	parttoulorly d11orlbld oe tollowts

s,

COMMeNClt at th• Northwtet CQmer of 1ald StOllan 111 lh•o• SOldeg4Jmln2011aE,
olono the Wnt Una of ■aid Saotlon	for a dl1tono1 of 2180,37 feit1_ thonot
NlllkJ-,1llmln31Ho! for o dlatono• or 870,00 feet to the POINT OJI" BEQINNINO of lh• fvllomig d11orlb1d Porolll of Land; thence oonllnu■ N88d■g1'mln:S1-! far o dl■tana, of 279,DO feel; th1111a1 SOld1g43mln281eoE for a dl■t onoe of 1181,'72 fa1t1 lh111a1
,SBlld1g1Bmtn31110W far a dl1tanc1 of 85.00 r.111 t11tnct S01dlQ4,'!mln2811clE for a dl1tonot of 4fl,94 11,ti IIJeno, Nll9deg3Bmln2&11ct for a dl1tanoe of as.02 reeti thence S0tdt943mln29HcE for o dl1tono1 of 1112..sa ft1l1 lhonot H8deg18mln17110W for a dll lono■ of 279,00 fNt; lhtno1 NOld1943mln2B110W for a dl1tona■ of 851,8.S feet to the POINT OJI" BEGINNING,

EXHIBITB
CONSTRUCTION TIMETABLE AND COST ESTIMATE FOR AREA TO BE INCLUDED WITHIN THE BOUNDARIES OF THE
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

4 882 042

Dec-06

Feb-08
Deo-07

Roads and Pavin
Lift Station

A r-07

Oct-06

Jun-08

A r-07

$6 355 866

$4 236 506

$4 422 638

Ex  anded Area Estimates

	$8 134 594		Fob-08

Nov-08	Feb-09

Nov-09	
	$6985 904				
	$20 376 948				
	$19 370 377				

	36 087 700			
	$13 016 636	Oct-06		
	$11408 S42	Feb-07	Au -09	
	$24 613 454	Dec-06	Ma -09	
Roads and Pavin	$2S 726 243	A r-07	Nov-09	
Lift Station		Oot-06	A r-07	
Total	$110 852 S75			

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AFFIDAVIT OF OWNERSHIP AND CONSENT TO INCLUSION OF PROPERTY WITHIN THE EXTERNAL BOUNDARIES OF TBE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
STATS OF FLORIDA	)
COUNTY OF MIAMI-DADE	)

On this \ /J,"n> day o, '.%=59iroetfr- 2007, personally appeared betbro me, an officer duly authorized to administer oaths and take aoknowlectsmenta. Sm:am Plno.who after beJns duly sworn, deposes and says:
Afttant, Sqk> Pino, an Individual, la a M&nllffl of, comuc, Grand I
Manapment, LLC a Florida Limited Liability Cmnpmv; and
That Qmrtury Grand I IJ I.p is the owner of the following described property, to wit:
See Exhibit".N' attached hereto (the "Property").
Aftiant Sor,io Pino, hereby represents that he has full authority to execute all documents and Instruments on behalf of the Cc,mpany, including the Petition betbre tho Board of County Commissioners ofMiaml-Dade County, Florida, to enact an ordinance to establish the Qrand Bay at pqraJ Community DeyeJgpment District (the ''Proposed CDD").
Tho property represents all of the real property to bo Included In the Proposed
CDD.

Afttant, Sor,jg Ping on behalf of Qentuey Grand J I.IJ,'P as the sole owner of the property in the oapaoity described above, hereb consents to the establlshment of the proposed COD.
FURTHER, AFFIANT SAYBTii NOT.

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STATE OP FLORIDA	)
COUNTY OP MIAMI-DADE	)

On this\ 4  day of  2007, personally  appeared  bofore mo, an officer duly authorized to administer oaths and take acknowledgments, SUa EJng, who after being duly sworn, deposes and says:
Afflant. Soado PJno, an Individual, is a Manqer 1>f, Atlas Proporty X. LLC
and
That Attaa Proport,, 1 LLC i, the owner of tho following described property,
to wit:
See Exhibit "A" attached hereto (the ''Property'').
Afflant SCQlo Pino, hereby represents that ho has full authority to execute all documents and instruments on behalf of'the Company, including tho Petition bofore the Board of'County Commissioners of Miami-Dade County, Florida, to enact an ordinance to establish the Grand Bay at Doral Community Povelopmmu Djstrict (tho"Proposed CDD").
The property represents all of the-real property to be included In the Proposed CDD.

S. Afflant. Sffi Pino on behalf' of Atfaa Property L LLC as the sole owner of the  property In the capacity  described above, h	ents to the establishment of the proposed CDD.
FURT.HBR, AFFIANT SAYBTH NOT.

89.1.scri ed "A sworn to before me this _j!l_ day of  ,VpllIll2007 by     	                  f::)f (/.fW l:!ltlD	, who personally app1earil!lh bofore me, and is personally known.

Notary:
PrintName:._...::.	:c._­
Notary Public, State of lorlda

ExhlbltA
LEGAL DESCRIPTION OF NEW DISTRICT BOUNDARIES OF THE
.	I	GRAND  BAY AT DORAL COMMUNITY  DEVELOPMENT DISTRICT
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GRAND BAY AT DORAL
A portion of S.allon 8, Town1hlp a:, Soult!, Rang• 40 Eoet, Miami-Dodi County, Florido,
bllng m-	portlcularl)I dtlcrlblil GI follow,1
COMMENCE at the Northweet Com.,. of IOld S.Otlan It; th.,oe NUdq38mlnla.ec:r. ot g_ ttie North Lin• of 101d s,ottan a, for a dlltanaa of 40.01 mt to the POINT Of IIPMNNINQ of the hlNlnaftlr dllCrlblCI Paroll of Landi th111ce continue
NUd :SlmlnU.,ol, along tht laat dt1ortbed llllt for a dl•tol• of  2618.18 fell! thtnae S01dtg44mtt24"CI for o dlltonae of 3388.11 teatl tll.,o. U9dag:5tmln2GNGW for o dlatonoe of 1617,08 fut; lhenn NQ1dea41mlnllaa along a tine 40,GO f•t
hat	of and .IICl1'41ll11 with th1 Wt1t Lina of aata lao!lan 8, ior a dlltonct of :Nll.12
ftet to the POINT OF IEGINNINO.
LESS

C,,.:';t

'l'he Eaat 400 fHt of th• Watt 1170 tut	of th• North 240 ftet, and th• Eo,t 4aO l'llet of th• w..t 1170 felt of the South 2!0 flit of the North 480  flet  of  Section  8, Townllhlp a:, South, Rm,91 40 £alt. Miami-Dad,		Florfdo, CII dtllCl'lb•d h a l!Nlal Warrant, o.,d ricol'lfld In Offlclal Record•	18888, ol Pq•	71111 of th• Publla Reaordl of Miami-Dode COi.int)', flllfldo.
AND1 (t)OAAL \Ill.LAS)
A portion of the South 1/2 of Stotlon 8, Town,hlD 113 South, Range 40 Eoat,
Mlaml--Oad, Count11, l'IOl'ldo, being m-	portlculmfy dl,acrlbtd a■ folowa1

e.

COMMENCE at the Sa11thwt11t eom,r of told S.oUon 81 thence N01dlll43mln2haaW, calong  Ill•  W..t Lin• or  th• Southw•t 1/4 of uld hotlon	fCII' ca dlewno• of 7;,o.21 fl•ti t1tnCI N81deg311mlnl5NoE for a dlltance of 40.01 to the POINT OF BEGINNING of the hnlnafter deaned Porclll of I.Gncll tllenoe NDldl1143mlnDNOW, along o llna
40.0,0 .. t Eoat of and parallel with th• tald Welt Lin• of the SOUthWltt 1/4 of ICl!d

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Seatlon e. far a dlltCIIN of 1190.41 fNtl thence Natdlg39mln211NOE, along a fin• 11arallll with ond 1120.0fl f.. t North of the SCIUth Uni	of till Soutllw11t 1/4 of IOld seotlon 8, for a dlatanoe of 2817,08 ffftl th111ae S01d1g44mfn24NOE for o dletanoa of 1180.42 fltti thenoe S89dea:stmlnU..OW, olona a fin• that 1a,1ara1111 with Clld
f11t North of the South Line of the IIOfd SOUthweet 1/4	of  ea	Seotlon 8; far •
dletonce Of 1817.39 flit to th• POINT OF BEGINNINO.
AND: (bORAL Pl.ACES)
A portion of th• Narlhe1111t 1/4	ol S.Otlon 8, Townlhlp 83 South, Range 40 Ea,t. Mraml-Dade Count11, Florfda, being more partloutarly clnwlbed oe fallowei
BEGIN at the Northea■t Corner of ■old Seotlon Bi ttlenae SDlcle;44mln2'4etcE, alona tho East Lint of tho ,ard Northeaet 1/4 of IQkl Seol!on• 8, for a dl1tano1 of 1218,118 f1at: thane, S88deg39mln2lla10W, along a lln• parallel with and 40117,81 fHt	North of th• South Lino of th1 Southeaet 1/4 of eold Seolfon 8, for o dlltano• of 2808,82 f11t to a point en o nn,  that la pal'Gll1I with and 2808.04 fut	WIit of the Eoat Une of tho 1olcl Northea1t 1/4 or eald Section 8t then NOtdag44mln24eecW, along tn, la1t de11Cf111ec line for a dlstcince of 1218,82 fNt to a point on the North Un• af  th• Hid Northeo1t '1/4 of 10111 Seotlcn BJ thence N89d1113&mln28eec£, olono U,a lost d11erlbtd llna for o dl1tonc1 of :1.808,82 f11t to the POINT OF' BEGINNING.

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LESS 'lliE FOLLOWING DESCRIBED PARCEi.Si

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(CHUACH SITE)

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A portion of th, NOl'thw.. t t/4	of Section e Townlhlp 11:, south, Aan11, 40 Eoat, Mfoml-Dadt County, Florido, &elng more port culorly du orlb■d 01 followa:

./

COMMENCE at lh• Northw11l Comar of ■old s.o11on 81 thtnoe S01deg4 tna91tcl?, alono th• W•t Un• of th■ Northw11l 1/4 of ,aid lllollon e, for a dlatano• of 18118,1+ f11t1 lh1na1 N88dta18mln:S1•a£. for a iH■tanot of 110,DO flat to the POINT OF
BEG NNINO of the lowln, dl■Orlbed Pol'CMI of 1.ondl thenoa S01clag4:smln211110&: for a dl1tan.. of 238.28 futi hence N8Bd1g\8mtnat1IOI far a dl■tano■ of 288,00 fHt1 thence N01deg43mln211110W tor a dl1t«1nae of 120,+2 fe,t to a P.Olnt of e11rvature of o

i

olroular OUM to the ''"• OOIIOCIVI to th• SoulllWMti thenot Nonherly. NOl'thwt1terly and Wffterty alone the aro of tQld curve, having far It■ 1l1m1nta a radlll■ of 23,0CJ feet, tllroual\ o oentral angle of 80d1_1100mln00110 IOI' an 1ro dl1tanoe of 38,1:S feet to a point of lanaeno)'I thenoe S88d1918mln:S1NOW tor a dl1tano1 of 2118.00 feet to a

'"l.

·I	point of aurvalure of II olraular ourve to th■ 11ft, ooncove to th, 8oulhea1ti lh1noe W11t1rly and Southwtaterty olona the oro of Mid aurveL having for It, ■l em, nl• a r11dlu1
of 34,0D	through a a111lral anllle of 31dtg57mlnl7110 for an aro dl1tanoe of
18.117 f11t to th■ POINT OF 8EOINN1fil0,
AND: (SCHOOL Sl'TI)
A portion of Seotlon s, Town1hlp 13 South, Rono• 40 £OIi, Miami-Dad, County, Florida,
b1rn11 more partloularly dnarlbtil 01 follow■,

e.

ee.oo

COMMENCE al the Northwe1t Corner of tald Station B; lhenaa S01d1g43mlnH110E, olon11 the W1■t Lin• of 1akl Stotlon	for a dl1tono, of 2809,"7 fe1t1 th.not NBllcleg18mln31110E for o dl1tano1 of 870,00 ftet to thl POINT 0, BEGINNINO of lhl followlng cl11orlb1d Paroel of I.Clnd: thenot oonllnu• N88dq141mln31HQE for a dl1lana1 of 279,DO flet:  thenae S01deg4:smln211HG! for o dl1tano■ of 881,'12 flit:  th111o■
, 888d19temln3tnaw for a ctr,tance of	ftltl thence S01d111 mlnH11ce: for a dlatonot ot 415,84 f11t1 thence N88d111:SSmlnU110E for a 11U1tance of $15,02 fe1t1 th■nae S01dq43mln28NCE for a dhltanae of 182.38 flit: thence S88dql8mln17110W for a dl1tance of 279,00 ftetl th1no1 N01dIg43mln211I ■oW for a dl1tano1 of 8111,83 f11t to the POINT OF BEGINNING,

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EXHIBITD
DESIGNATION OF THE FUTURE GENERAL DISTRIBUTION, LOCATION AND EXTENT OF PUBLIC AND PRIVATE USES OF LAND PROPOSED FOR THE AREA TO BE INCLUDED WITHIN THE
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

RESIDENTIAL COMMUNITIES

 	.! ESTATE DEN81fY

-LOWDIN8ITY
LOw.Ml!DIUMOEN81TY
Je!UMDINIITY
MIDWHIGffOINSITY
-	HIGH DIN811"1'
 	  '§ I I Il (1)1-1) OMDotttll-y	WIii,IMln Dttlp,
-	(Ol-2)TwoD,fllll1.-W1111-0..lgn

, 	_	 	.I 11111UaTRIAL aomca
&::::;,,SJ RlffllCTEOINDUl'IIUAL& OPPICB
-		IUIINISS&omce
I #Mil omce I RIIIDINnAL
-	INITITUllONAL&PUBUC FACILITY
PARKS&RECRIATION
AORICULTURS
..  1.,  J	OPEN LAND
-	EIMROIMiNTALPROTECTIOH
1111111) EIMROIMNTALLY PROTECTED PARKS

P    B1D!I E
DISTRICT BOUNDARY MAP OF NEW BOUNDARIES OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
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EXQWITF

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

Statement of Estimated Regulatory Costs

September 18, 2007

Prepared by
Spec/al DI.strict Services, Inc.
The Oaks Center 2501A Bums Road
Palm Beach Oardens, FL 33410
(561) 630-4922 -Tele
(561) 630-4923 - Fax
(877) 737-4922 - Toll Free

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STATEMENT OF ESTIMATED REGULATORY COSTS
1,0	Introduction
1.I	Purpose and Scope

This Statement of Estimated Regulatory Costs ("SBRC") supports the petition to amend the boundaries of the Orand Bay at Doral Community Development District ("District"), The District currently comprises approximately 176,43 +/­ acres of land located in the City of Doral within Miami-Dade County, Florida. Once amended, the acreage of the District will be approximately 334,48 +/. acres.
1,2	Overview of Vista Community Development Dl1trtct

The District is designed to provide district infrastructure, sorvlcea, and faollitles along with their operations and maintenance to a master planned residential development containing 148 Workshops; SSS Townhouses; 1,583 Condominiums; 331 Single Family and 1,489 Rental units within the boundaries of the District,
Requirements for Statement of Estimated Regulatory Coats
Section 120,541(2), F.S. (1997), defines the elements a statement of estimated regulatory costs must contain:

A good faith estimate of the number of individuals and entitles likely to be required to comply with the rule, together with a general description of the types of individuals likely to be affected by the rule.

A good faith estimate of the cost to the agency, and to any other state and local government entitles, of implementing and enforcing the proposed rule, and any anticipated effect on slate and local revenues.

A good faith estimate of tho transactional costs likely to be incurred by Individuals and entitles, Including local governmental entitles, required to comply with the requirements of the ordinance. As used in this paragraph, "transactional costs" are direct costs that are readily ascertainable based upon standard business practices, and Include filing fees, tho cost of obtaining a license, the cost of equipment required to be Installed or used or procedures required to be employed In complying with the rule, additional operating costs Incurred, and the cost of monitoring and reporting.

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. Miami-Dade County Is not defined as a small County and the City of Doral is not considered a small City for purposes of this requirement.
Any additional Information that the agency determines may be useful.

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3.0

In the statement or revised statement, whichever applies, a description of any good faith written proposal submitted undor paragraph (!) (a) and either a statement adopting the alternative or a statement of the reasons for rejecting the alternative in favor of the proposed ordinance.

"Note: the references to "rule" in the statutory requirements for the Statement of Estimated Regulatory Costs also apply to an "ordinance" under section 190.005(2) (a), Plorlda Statutes". Por the purposes of this report, the tenn "agency" means Miami-Dade County.

A good faith estimate of the number of Individuals and entitles likely to be required to comply with the ordinance, toaether with a aeneral deacrlptlon of the typea of Individuals likely to be affected by the ordinance.

The Orand Bay at Doral Community Development District serves land that comprises approximately 334.48 +/. acres of rc,sldentlal development to be made up ofan estimated 148 Workshops; SSS Townhouses; 1,583 Condominiums; 331 Single Family and 1,489 Rental units within the boundaries of the District. The estimated population of the residential portion of the District is 9895 +/-. It is anticipated that the majority of the property owners in the District wlll be individuals and families.

A good faith estimate of the cost to the agenoy, and to any other state and local government entitles, of Implementing and enforcing the proposed rule, and any anticipated effect on state or local revenues.
There ls no state agency promulgating any rule relating to this project that Is anticipated to effect state or local revenues.

3.1	Coats to Governmental Agencies of Implementing and Enforcing Ordinance
Because the result of adopting the ordinance is the amending of a local special purpose government, there wlll be no enforcing responsibilities of any other government entity,
State Governmental Entities
There will be only modest costs to various State governmental entities to
implement and enforce the proposed establishment of the District. The District as established, and with the proposed amendment, will encompass under 1,000 acres, therefore, Miami-Dade County Is the establishing entity under 190.005(2), P.S. The modest costs to various State entities to implement and enforce tho proposed ordinance relate strictly to the receipt and processing of various reports that the District is required to file with the State and Its various entitles. Appendix A lists the reporting requirements. The costs to those State agencies that will receive and process the District's reports are very small, because the District is only one of many governmental units that are required to submit the various reports. Therefore, the marginal cost of precessing one additional set of reports is inconsequential. Additionally, pursuant to section 189.412, F.S., the District must

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pay an annual fee to the State of Florida Department of Community Affairs which offsets such costs.	·
Miami-Dade County
There will be only modest costs to the County for a number of reasons, First, review of the petition to amend the District does not Include analysis of the project Itself. Second, the petition Itself provides much of the Information needed for a staff review. Third, the County already possesses the staff needed to conduct the review without the need for new staff. Fourth, there ls no capital required to review the petition. Fifth, the County routinely process similar petitions though for entirely different subjects, for land uses and zoning changes that are far more complex than Is the petition to establish a community development district. Finally, the County may Incur costs to monitor the additional disclosure requirements imposed on Community Development Districts, but those costs will be dependent upon the level of monitoring determined by County staff.

The aMual costs to Mlaml-Dade County, because of the amendment of the District, are also very small. The District ls an independent unit of local government. The only aMual costs the County faces are the minimal costs of receiving and reviewing the various reports that the District is required to provide to the County. However, the Petitioner has Included a payment of$10,000.00 to offset any expense the County may incur In the processing of this Petition.
3,2	Impact on State and Local Revenues

Adoption of the proposed ordinance will have no negative Impact on state or local revenues. The District Is an independent unit of local government. It is designed to provide infrastructure facilltles and services to serve the development project and It has Its own sources of revenue. No state or local subsidies are required or expected.

In this regard It Is Important to note that any debt obligations incurred by the District to construct its Infrastructure, or for any other reason, are not debta of the State of Florida or any other unit of local government. In accordance with State law, debts of the District are strictly Its own responslblllty.

4,0 A aood faith estimate of the transactional costs likely to be Incurred by Individuals and entitles required to comply with the requirements of the ordinance,

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Table I provides an outline of the verlous facilities and services the District may provide, The water and sewer utilities, stormwater drainage, wetlands mitigation and certain offsite Improvements will all be funded by the District.

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Table 1

PROPOSED FACILITIES AND SERVICES

	CDD	CDD	COD	
	COD	WASA	WASA	
	COD	WASA	WASA	
	COD	CDD	COD	
	COD	COD	COD	

The petitioner has estimated the costs for providing the capital facilities outlined in Table 1. The cost estimates are shown in Table 2 below, Total costs for those facilities, which may be provided, are estimated to be approximately S110.8S2.575.00. The District may issue special assessment bonds to fund the costs of these facilities, These bonds would be repaid through non-ad valorem special assessments levied on all properties in the District that may benefit from
the District's infrastructure program as outlined in Table 2.
Table2
COST ESTIMATE FOR DISTRICT FACILITIES

$36087 700

Roads and Pavin

$110 852 S7S

otal

$2S 726 243

$24 613 4S4

$11408 S42

$13 016 636

Prospective future l1111downers in the District may be required to pay non-ad valorem assessments levied by the District to secure the debt incurred through bond issu1111ce, In addition to the levy of non-ad valorem special assessments by various names for debt service, the District may also impose a non-ad valorem assessment to fund the operations 1111d mainten1111ce of the District and its facilities 1111d services.

Furthennore, locating in the District by new property owners is completely voluntary. So, ultimately, all owners and users of the affected property choose to accept the non-ad valorem special assessments as a tradeoff for the benefits and facilities that the District provides.

A community development district ("CDD") provides property owners with the option of having higher levels of facilities and services fin1111ced through self­ imposed revenue. The District is an alternative means to manage necessary development services with related financing powers, District management Is no more expensive, and often less expensive, than the alternatives of a municipal

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service taxing unit (MSTU), a property association, provision by the County, or through developer equity and/or bank loans.

In considering these costs it shall be noted that owners of the lands to be included within the District will receive three major classes of benefits. First, landowners in the District will receive a higher long•tenn sustained level of public services and amenities sooner than would otherwise be the case,

Second, a CDD Is a mechanism for assuring that the community services and amenities will be completed concurrently with development of lands within the District. This satisfies the current growth management legislation, and it assures that growth pays for itself without undue burden on other consumers, The District will ensure that these landowners pay for the provision of t'acllltles, services and improvements to these lands,
Third, a CDD Is the sole fonn of governance which allows District landowners,
through landowner voting, to detcnnlne the type, quality and expense of District services they receive, provided they meet the County's overall requirements,

The coat Impact on the ultimate landowners In the District is not the total cost for the District to provide infrastructure services and facilities. Instead, it Is the Incremental costs above what the landowners would have paid to install Infrastructure via an alternative management mechanism, Given the low cost of capital for a CDD, the cost impact to landowners is negllglble, This incremental cost of the high quality Infrastructure provided by the District Is likely to be fairly

5.0 An analyals of the Impact on small buslneue, as deftned by Section 288,703, F.S., and an analysis of the lmpad on small counties and small cities as deftned by Section 120,52, F,S,

There will be no impact on small businesses because Miami-Dade County has an estimated population in 2006 that Is greater than 75,000; therefore the County is not defined as a "small" Couhty according to Section 120,S2, F,S, and there will accordingly be no impact on a small County because of the amendment of the District.
Any additional useful Information.

The analysis provided above is based on a straightforward application of economic theory, especially as it relates to tracking the incidence of regulatory costs and benefits. Inputs were received from the petitioner's engineer and other professionals associated with the petitioner,

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Annual Financial Report	

218.32	no later than 12 months after end of flscal year
within  45  days  of  flnanclal  audit
completion, but no later than 12 months after end of fiscal year; If no	

TRIM Compliance Report	
200,068	audit required, by 4/30

no later than 30 days following the adoption of the property tax levy ordinance/resolution (If levying	

Form I: Statement of Financial	
112.3145	property taxes)

within 30 days of accepting Interest the appointment, then every year thereafter by 7/1 (by "local officers" appointed to special district's board); during the qualifying period, then every year	

Public Facilities Report	

189.415	thereafter by 7/1 (by "local officers" elected to special district's board)

within one year of special district's creation; then aMual notice of any changes; and updated report every 5
years, 12 months prior to submission	

Public Meetings Schedule	

189.417	of local government's evaluation and
appraisal report
quarterly, semiaMually, or aMually	
Bond Report	218.38	when Issued	
Registered Agent	189.416	within 30 days after first meeting of governing board	
Proposed Budget	189.418	prior to end of current fiscal year	
Public Depositor Report	280.17	aMually by 11/30	

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APPENDIXA
LIST OF REPORTING REQUIREMENTS

FL.STATUTE CITE	DATE

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Annual Financial Audit

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1l.4S	within 4S days of audit completion, but

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ADDENDUM .TO PETITON TO AMEND TBE BOUNDARIES OFTBE
GRAND BAY AT DORAL COMMIJNITY DEVELOPMENT DISTRICT
Petitioner, t1te Board of Supervisors (tho "Board") of the Grand Bay at Doral Community Development Dt,trlet, an Independent special district established pursuant to Chapter 190, Florida Statutes ("Petitioner'), hereby submits this Addendum to the Petition dated September 18, 2007 to amend tho boundaries of tho Grand Bay at Doral Community Development District (CDD) in Miami-Dade County, Florida and states as ibllows:
Relpomlblllty for Landscape Maintenance In die Publl!l-Rlght-of-Way: The maintenance of Improved swales and medians In the public Rights-of-Way exoludlng swale maintenance by owners of property as detlaed by Chapter 19 of tho Code of

Miami-Dade County shall be provided by this CDD Including but not limited to; Irrigation, landscape lighting, payment of related utility bllla, tur( trees, shrubs and any other landsoaplng Improvements provided or caused by this development, covenants a11001ated with landscaping permitting in tho public rights-of-way notwithstanding, In the event this COD Is dissolved or becomes defunct and falls to provide malnte11111Jce
services within the public Rights-of-Way as speo.lfled herein, the required dormant multipurpose maintenance special taxing district shall be activated to provide any suoh maintenance services,

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Respeotfblly submitted this -2thday ofJonuacy, 2008.

•-...-..,,evelt1pttrent"Dlstrier-·-·..····-- -	- ·	--·
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Print Name: Cesareo E, Llano
Title: Chajrman of theBoard ofSyperyisors
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ADtlENDUM TO PETITON TO AMEND THE BOUNDARIES OFTHE
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
Petitioner, Century Grand I, LLLP a Florida Limited Llabllity Limited Partnership Company, ("Petitioner"), hereby submits this Addendum to the Petition dated Septe1nber 18, 2007 to amend U1e boundaries of the Grand Bay at Doral Community Development District (CDD) ln Miami-Dade County, Florida and states as follows:
Responalblllty for Landsoape Malntenanoe In the Publlo-Rlght,.of-Way: The maintenance of Improved swales and medians In the public Rights-of-Way excluding swale maintenance by owners of property as defined by Chapter 19 of the Code of Miami-Dade County shall be provided by this COD Including but not limited to; irrigation, landscape lighting, payment of related \ltlllty bllls,,turf, trees, shrubs and any other lan scaplng Improvements provided or caused by thls development, covenants associated with landscaping permitting ln the public rlgb.ts-of-way notwithstanding. In the event this CDD ls dissolved or becomes defunct and falls to provide maintenance services within the public Rights-of-Way as specified herein, the required dormant multipurpose maintenance special taxing district shall bo activated to provide any suob maintenance services.

Respectfully sublnitted this 10th day of January, 2008.

rlda Limited Liability Limited
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ADDENDUM TO PETITON TO AMEND THE BOUNDARIES OFTHE
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTIUCT
Petitioner, Atlas Property I, LLC, a Florida Limited Liability Company, ("Petitioner"), hereby submits this Addendum to the Petition dated September 18, 2007 to a.mend the bowidaries of the Grand Bay at Doral Community Development Dishiot (CDD) ln Miami-Dado County, Florida and states as follows:
Respo111lblllty for Landscape Maintenance In the Public-Right-of-Way: The maintenanae of improved swales and medians in the public Rights-of-Way excluding swale maintenance by owners of property 118 defined by Chapter 19 .of the Code of . Miami-Dade Cowity shall be provided by this CDD including but not l!mlted to; irrigation, landscape lighting, payment of related utility bills, turf, trees, shrubs and any other landsoaping improvements provided or caused by this development, covenants assoolated with landscaping permitting in the public rights-of-way notwithstanding. In the event this CDD is dissolved r becomes defunct and falls to provide maintenance
services within the public Rights-of-Way 118  specified herein, the required donnant

multlpU!l)ose  maintenance special  taxing district shall be' maintenance services.

activated to provide any such

Title: Manager

. Respectfully submitted this 10th day of January, 2008.,
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AMENDED RESOLUTION NO, 2007-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND DIRECTING THE CHAIRMAN AND ALL DISTRICT STAFF TO FILE A PETITION WITH THE MIAMI-DADE COUNTY COMMISSION AND THE CITY OF DORAL, FLORIDA, REQUESTING THE PASSAGE OF AN ORDINANCE AMENDING THE DISTRICT'S BOUNDARIES; AUTHORIZING SUCH OTHER ACTIONS AS ARE NECESSARY IN FURTHERANCE OF THE BOUNDARY AMENDMENT PROCESS; AND PROVIDING AN EFFECTIVE DATE,
WHEREAS, the Grand Bay at Doral Community Development District ("District")· ls a unit of special-purpose local government established by Miami-Dade

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County Ordinance  No. 06-153 (the "O1·dlnance1	pursuant  to the Uniform  Community
Development District Act of 1980, as codified in Chapter 190, Florida Statutes ("Unifor1n Act"); and
WHEREAS, pursuant to the Unifonn Act, the District is authorized to construct, acquire, and maintain infrastructure improvements and services, including, but not limited to, roads, drainage collection and water management systems, wate1· supply and distribution systems, wastewater and reuse systems, street-lighting systems, landscaping and other improvements; and
WHEREAS, the existing District bou1tdaries currently contain approximately I 76.43 acres, as descl'ibed in the Ordina1tce; and
WHEREAS, the primary landowner within the District, Century Grand I, LLLP ("Developer"), and its affiliates, are presently developing real property within and adjacent to the District; and
WHEREAS, the Developer has requested the District to petition the Miami-Dade County Commission to amend the boundaries of the District to Include certain lands not currently within the District boundaries and to exclude certain other lands that arc currently located within the District boundaries; nnd
WHEREAS, following amendment of the Dlsn'ict boundaries as described above, the new District boundaries shnll be as described in Exhibit "A" attached hereto: and
WHEREAS, the proposed amendment to the District's boundal'les will result inn net increase of approximately 163.50 acres In the land area within the amended District boundaries; therefo1·e, the petition to amend the District boundaries will be processed in accordance with Section 190.046( l )(g), Florida Statutes; and
WlmREAS, the proposed amendment ot' the Distl'icl boundaries will fncilitntc development of the hmds within the amended District boundaries as one functionally

inte1·relo1ed community and p1·omote compnct nnd economical development of such londsi 1111d
WHEREAS, the pl'oposed District boundary amendment is In the best Interests of
the District, and tho 11rca of land within the amended boundnl'ies of the Dlsu·ict will continue to be of sufficient size, sufficiently compact, and sufficiently contiguous to be developablc as one functionally related co111111unityi nnd

WHEl\EAS, the Disu·ict is the best nltcmntive ovailable fo1· delivering community development services and facilities to the area of lnnd that will lie within the amended bounda1•les of the District; and

WHEREAS, the 11l'ea of land that wlll lie within the amended boundm-ics of the District Is amenable to separate special district govemment; nnd

WHEREAS, the District Bom·d of Supervisors has determined that the p1·oposed amendment to the District boundaries wlll lncl'ease the developnble/nssessnble acreage of the District nnd will, therefore result In 1he costs and ex1ienscs nssoc!ated with the construction, acquisition, and maintenance of plnnned infrastructure impl'Ovements and services being spl'ead over more land area, thel'cby 1·educing the cost to future individual homeowners; and

WHEREAS, in orde1· to seek a boundary amendment p11rs1111nt to Chapter 190, Florida Statutes, the Distl'ict desires to authol'izc District staff, including, but not limited to legal, engineel'ing, and managel'inl staff, to pl'ovide such services as m·e necessary to Initiate and complete the boundary amendment process; nnd

WHEREAS, the retention of any necessm·y consultants and the wol'k to bo performed by Distl'ict staff may 1·equirc the expenditure of certain fees, costs, and other expenses by the Dlstl'ict 11s authorized by the District Board of Supervisors; nnd

WHEREAS, the Developer has agreed to provide sul'ficicnt f\mds to the District to rcimbm·sc the Dlstl'ict for any such expenditures, including, but not limited to, legal, engineering nnd other consultant fees, filing fees, administrative, and other expenses, If any;nnd

WHEl{EAS, the District Bomd of S11pcrvisors desires to petition the Miami­ Dade County to amend the boundal'ies of the District in nccordancc with the proced111·cs dcscl'ibed In Clmpte1· 190, Flol'ldn Statutes, which include the prcpnrntlon nnd submission of a petition to Miami-Dodo County and the City of Doral, Flol'idn, the holding of n public hearing, and such other actions ns arc necessary in furtherance of the boundnry mnendment pl'Occss;

NOW, THEREFORE, BE IT RESOLVED HY THE HOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY D :VICLOPMENT DISTRICT:

SECTION 1. The recitals ns stated above nre trne nnd correct 1111d by this reference urc incorporated into nnd form n material pa1·t of this Resolution,

SECTION 2, The Bonl'd of Supe1·vlso1·s hereby dlreots the Chnirman nnd Dlstl'lot Staff to p1·oceed in acco1·dnnce with Chupte1· 190, Florida Statutes, with the preparation, filing, and processing of a petition and related m11tel'i11ls with Miami-Dade County and tho City of Doral, Florida, to amend the Distl'ict's boundaries so that tho amended boundaries of the Dlstl'ict shall be ns described In Exhibit "A" attached hereto.
SECTION 3, This Resolution shall become effective upon Its passage,

PASSED AND ADOPTED this Sth dny of Septembe1·, 2007.

ATTEST:	GRAND DAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
     Ch11jrmpn/Vice Chnil'lnnn Exhibit A: Description of amended boundm·ies of the District

EXHIBIT A

DESCRIPTION OF AMENDED DISTRICT BOUNDARIES

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RESOLUTION ZOB-0 I
A RBSOLUTION OF THE CITY COUNCIL OP THE CITY OF DORAL, FLORIDA SUPPORTING AN AMENDMENT OF THE BOUNDARIES OF THE  GRAND  BAY  AT  DORAL COMMUNITY DEVELOPMENT  DISTRICT  TO  INCREASE THE! SIZE OF THE BOUNDARIES; PROVIDING AN EFFECTIVE DATE
WHEREAS, Special District Services Inc., ("Applli:ant") has requested a resolution supporting an amendment of the boundaries of the Grand Bay at Doral Community Development District to Increase the boundaries by a net Increase of
acres consistent with Exhibit "A": and

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WHE!REAS, Applicant has requested the rights to exercise all powers provided for In Sections 190.06 and 190.41, Florida Statutes: and
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WH!i!REAS, the areas which wlll be enforced by the District Include earth work, waste water, water supply system, surface water management, roads, paving,
·· and landscaping: and
WHEREAS, the proposed Community Development District expansion wlll. allow the Applicant to seel< approval from the County to create the District for the construction and financing of public Infrastructure required to service this profect: and
WHEREAS, the City Council, after careful review and deliberation, and the recommendation of staff, determined that It Is In the best Interests of the cltlzans of the City of Doral to support the establishment of the Grand Bay at Doral Community Development District. subfect to conditions:

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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DORAL, FLORIDA THAT1
Section I•	The foregoing "WHEREAS" clauses aro horeby ratified and
confirmed as being true and-correct and are hereby made a part of this Resolution upon adoption hereof,
Sact(on 2, The City Council of the City of Doral hereby supports Applicant's appl!catlon for the expansion of the Grand Bay at Doral Community Development District, maintaining the following conditions consistent with the original Grand Bay Community Development District:
I,	The City of Doral wlll be named as a' beneficiary In the Declaratlon of
Restrictions proffered to Miami-Dade County.
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2.	The City of Doral wlll be allowed to appoint two of the five original members.
to the District.

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,	3,	The Community Development District documents shall specify that all s.lte Improvements shall be constructed to applicable Miami-Dade County and City of
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Doral, Public Work standards and p ocedures,
4.	Any amendments or modifications to the petition on file with the City must be submitted for review and approval within 30 days of such changes,
S·.	All current names and·contacts assoclatod with the Community Development

District and Declaration of Restrictions shall be submitted to the City of Doral Community Development Director, and kept up-to-date.

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6. All proposed designs shall comply with all of the City of Doral guidelines, codes, ordinances and procedures.
7, This property shall be platted and recorded prior to any building perml being applied for. Final Plat must be approved by the City of Doral. Right-of-way requirement and Improvements must seek City of Doral Publlc Works approval.
8, If the Community Development District Is approved by the County, within 45 days of such approval, Applicant shall meet with the City of Doral Plannlng and Zoning
. Department and the City of Doral Public Works Department and outline which roads, utlllty lines, and right-of-way Improvements are to be dedicated and which ohes are to be maintained by the Community Development District.
Section 3,	This resolution shall become effective upon Its passage and
adoption by the City Council and Is binding on all successors and assigns.
WHEREAS, on January 9, 2008 a motion to approve the Resolution was offered by Councilwoman Sandra Ruiz, who moved Its adoption. The motion was seconded by Vice Mayor Cabrera and upon being put to a vote, the vote was as
follows:	'

Mayor Juan Carlos Bermudez Vice Mayor Peter Cabrera Councllmember Michael DIPletro Councilwoman Sandra Ruiz
Councllmember Robert Van Name
PASSED AND ADOPTED this 9th day of January, 2008.

yes yes yes yes yes

JUAN
Pago 3 of4
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ATTEST:

BARBARA HERRE CITY CLERK

APPROVED AS TO FORM AND 1,EGAL SUFFICIENCY FOR THE SOLE USE	HE	I	F DORAL:

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-=·»$

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·111,:iDSCl'llPTl0,1'1. -	),I B.: -

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BOARD OF SUPERVISORS FOR THE
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

Cesar Llano, Vlco Ptoaldent, Century' Homebuilders LLC, has over 19 years of experience In real estate development, Ho directs all aspects of acquisition, land developmont alto planning and related details Involved In developing the concept of a new community. He Is a past Director of the Latin Bulldera Asaoolatlon and a current Member of tho Builders Aasoolatlon where he bu chaired varlo\18 committees, He was recently appointed by Governor lob Buah aa a Board Member of tho Miami-Dado Bxproasway Authority,

Jessica Gonzalez, Vice President, Century Homebuilders LLC, has over 5 years of sales and marketing experlenoo, diroots the advertising, public relations and sales activities as well as supervising the sales team.

Catherine Bums, Accounting Manager, Contucy Homebuilders, LLC, has over 8 years of flnanolal experience, She maintains the dally accounting for various companies and Is responsible for tho preparation and reoonclliatlon of financial statements, as well as reviewing and reconciling all accounts and loans; employed by Century Homebuilders, LLC for past four (4) yeare,
Barbara Pico, AaslatfUlt to Vice President of Construction, Century Homebuilders LLC, has over 10 years oxpDrience In the consmtctlon field, She coordinates distribution of required lnfonnatlon between to and from thefield personnel,

5(

DIANA M, MANSO
9341 S,W, 45th Terrace MIAMI, FLORIDA 33165
(305)554-9863

Personal:

Education: 08/82-08/86

Career Experience:

A highly motivated, organized, and detailed oriented legal assistant with Four years of experience.
South Miami Senior High School

Century Homebuilders of South Florida, LLC 2301 NW 87th Ave Ste #601

2002 to Present: Closlng ManQKer
Responsible for managing the closing department and assuring all documents are prepared and submitted on a timely manner to lenders and Title Company. Prepare weekly & monthly reports & ledgers on excel for
lenders and management. Back up for sales director & complete sales report. Supervise Contract Administration reviewing contract price and completing data entry. Ensure contracts are fully e,cecuted. Prepare color selection
form for each Individual sale. Contact buyer's for home Inspection. Fully
aselst in all tasks to assure the cloeing for our buyers.
10/96-10/99:	Paralegal Assistant/Closer
Responsible for all new construction closings.
Open new files, perform name and tax search on ATIDS; examine title searches and type all loan documents to execute closings, prepare ATPR for diebursement of funde, prepares seller's documents, and sends to
Record Mortgage and Deed and any corresponding Affidavit, prepare title policy, any endorsement(s) needed. Perform back up duties for office Manager.

10/86-8/96:	First Union National Bank
Sales Manager (2 yrs), Consumer Banker (5 yrs) and Customer Service Specialist (3yrs)

DISTRICT BOUNDARIES ----

NW

w

OHUAOH---a::
81TB NOTA
PAAT	w

THEO. NW 76 TER

THEO. NW BB ST

N

GRAND. BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT (EXPANDED)
EXPANSION AREAS SHOWN SHADED

(COMM. 012)
SECTION: 8-53-40

EXHIBIT "B"

53

TO THE ORDINANCE
(Revised 1/8/08)

This instrument was prepared by	
Name: Address:		

(Space Reserved for Clerk)	
DECLARATION OF RESTRICTIVE COVENANTS
WHEREAS, the undersigned Owner holds the fee simple title to the land described in the attached Exhibit A (the "Property"), located in Miami-Dade County, Florida (the "County"); and
WHEREAS, Owner desires to provide certain covenants to the County Board of County Commissioners (the "Board") in support of a Petition (the "Petition") for amendment of the Grand Bay at Doral Community Development District (the "District") filed September 18, 2007, which petition amends the boundaries of the District created and approved pursuant to
Ordinance No. 06-153 enacted by the Board on October 24. 2006. (the "Ordinance"), in
accordance with the requirements of Chapter 190, Florida Statutes, and Section 1.0l(A)(21) of the County Home Rule Charter; and
WHEREAS, among those covenants are provisions for the timely, accurate, and enforceable disclosure, to all prospective initial purchasers who have entered or will enter into contracts for improved residential units within the Property (each a "Prospective Initial Purchaser"), of the obligation to pay to the District: (I) the pro-rata share for each Dwelling Unit (defined below) of the cost of the acquisition, construction, reconstruction, and equipping of certain public infrastructure which benefit the Property either as a one time assessment at the
time of closing or as an annual assessment based on the debt service on bonds to be issued by the

District to finance such capital costs until such bonds are retired (collectively, "Cl!Pital Assessments"), and (2) the costs associated with (i) operations of the District including administration ("Operations Assessments") and (ii) maintenance of public infrastructure by the
District ("Infrastructure Maintenance Assessments": Operations and Infrastructure Maintenance
Assessments are hereinafter collectively referred to as "Admjnjstrative Assessments"); and
WHEREAS, other covenants made by Owner include provisions for the long-tenn maintenance of infrastructure serving the Property including, but not limited to, roadways, drainage, and landscaping; and
WHEREAS, such covenants of Owner are made in order to assure the Board that the representations made by Owner in support of the Petition will be abided by,
NOW, THEREFORE, Owner freely, voluntarily, and without duress, and on behalf of its heirs, successors, and assigns, makes the following Declaration of Restrictive Covenants covering and running with the Property (this "Declaration"):
1,	COVENANTS.
1.1	PubHc Records Notice of Existence of District.	This Declaration shall serve as notice in the public records of the County that unless the District is tenninated in
accordance with the requirements of Chapter 190, Florida Statutes, and such tennination is reflected in the public records of the County, the Property and all lands, parcels, lots, and units located within the District's boundaries are subject to the Capital Assessments and Administrative Assessments levied and imposed by the District, subject only to the exceptions or exemptions from such assessments expressly provided by Florida law.
t .2	cop and Purchase Contract Notices.

Owner shall be required to provide to each Prospective Initial Purchaser of an improved individual residential lot or unit within the Property (individually, a "Dwelling Unit") written notice of the estimated annual Capital Assessments and A4ministrative Assessments (the "CDD Notice") to be imposed on such Individual Dwelling substantially in the
form attached hereto as Bxhjbit B prior to, or contemporaneously with, the execution of a
purchase and sale contract ("Purchase Contract") for such Dwelling Unit. For the purposes of this Declaration, the term "Owner" means each seller of Dwelling Units within the Property. Notwithstanding the foregoing, if a Prospective Initial Purchaser executed a Purchase Contract before the effective date (IO days after enactment) of the Ordinance (the "Effective Date of the Ordjnance") but was not given an contemporaneous COD Notice, Owner may still give the COD Notice to such Prospective Initial Purchaser; provided, however, such CDD notice must be given together with the following written notice and must be sent to such Prospective Purchaser by certified mail, professional overnight delivery or hand delivery, with return receipt, not later than
the first business day following the Effective Date of the Ordinance:

THE DWELLING UNIT YOU ARB PURCHASING IS SUBJECT TO A COMMUNITY DEVELOPMENT DISTRICT AND A RELATED DECLARATION OF RESTRICTIVE COVENANTS WHICH REQUIRES THAT CERTAIN NOTICES BB OIVBN TO PURCHASERS BY OWNER. THIS NOTICE AND THE ATTACHED CDD NOTICE ARB BEING GIVEN TO YOU PURSUANT TO SUCH DECLARATION, PLEASE NOTE THAT THE DISTRICT PLANS TO ISSUE OR HAS ISSUED BONDS THAT WILL HAVE PRINCIPAL AND INTEREST PAYMENTS APPLICABLE TO THIS DWBLLINO UNIT OVER A PERIOD OF UP TO THIRTY (30) YEARS TO
FUND CONSTRUCTION OF INFRASTRUCTURE SERVINO THE PROPERTY IN THE ESTIMATED AOORBGATE AMOUNT OF S s.ml EXHIBIT B - TABLE 3. THIS DWELLING UNIT SHALL BE ASSESSED AN ESTIMATED CAPITAL ASSESSMENT OF$ SEE EXHIBIT B -TABLE
.1 IF PAID IN FULL AT CLOSING OR AN ESTIMATED ANNUAL CAPITAL ASSESSMENT OF $ SBB EXHIBIT B - TABLB I FOR ITS PROPORTIONATE SHARE OF DEBT SERVICE ON THE BONDS UNTIL SUCH BONDS ARB PAID IN FULL. WHETHER THE CAPITAL ASSESSMENT IS PAID ONE TIME AT CLOSING OR IN ANNUAL INSTALLMENTS IS AT THE OPTION OF THE PURCHASER TO BE EXERCISED AT THE TIME OF CLOSING. THE ATTACHED NOTICE
FULLY DESCRIBES YOUR OBLIGATIONS. YOU MAY ELECT TO RESCIND THE PURCHASE CONTRACT FOR A PERIOD OF THIRTY (30)

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5(o

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DAVS FOLLOWING RECEIPT OF THIS• NOTICE. UPON SUCH ELECTION, OWNER SHALL RETURN ALL MONIES PAID BY YOU AS THE PROSPECTIVE INITIAL PURCHASER REGARDING THE PURCHASE OF THE RBAL PROPERTY IDENTIFIED IN THE PURCHASE CONTRACT WITHIN TEN (10) CALENDAR DAYS AFTER RECEIVING YOUR WRITTEN NOTICE THAT YOU HAVE ELECTED TO RESCIND THE PURCHASE CONTRACT, AND ALL OTHER PROVISIONS OF THE DECLARATION OF RESTRICTIVE COVENANTS NOT INCONSISTENT WITH THE REMEDIES SET FORTH HERBIN SHALL GOVERN. NO OTHER REMEDIES ARE AVAILABLE TO PURCHASER WHETHER OR NOT YOU ELECT TO RESCIND EXCEPT IN THE EVENT OF AN OWNER DEFAULT WITH RESPECT TO THE CDD NOTICE AND THEN ONLY IN ACCORDANCE WITH THE DECLARATION.

Owner shall promptly refund any amounts due under the foregoing notice if a Prospective Initial Purchaser properly rescinds a Purchase Contract during the time provided. No other remedies provided in Section 1.4 shall be available to a Prospective Initial Purchaser who terminates a Purchase Contract pursuant to the foregoing notice,
Owner shall also provide substantially the following disclosure
("Purchase Contract Notice") on the first page of each Purchase Contract executed after the Effective Date of the Ordinance for a Dwelling Unit within the Property, immediately after disclosure of the purchase price for the Dwelling Unit:
THIS DWELLINO UNIT IS WITHIN A COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT"), THE DISTRICT PLANS TO ISSUE OR HAS ISSUED BONDS THAT WILL HAVE PRINCIPAL AND INTEREST PAYMENTS APPLICABLE TO THIS DWELLINO UNIT OVER A PERIOD OF UP TO THIRTY (30) YEARS TO FUND CONSTRUCTION OF INFRASTRUCTURE SERVINO THE PROPERTY IN THE ESTIMATED AOOREOA TB AMOUNT OF
$ See Bxhjbh B. THIS DWELLINO UNIT SHALL BE ASSESSED AN ESTIMATED CAPITAL ASSESSMENT OF s See l!xhjblt B IF PAID IN FULL
AT CLOSINO OR AN ESTIMATED ANNUAL CAPITAL ASSESSMENT OF$ See Bxhjbjt B FOR ITS PROPORTIONATE SHARE OF DEBT SERVICE ON THE BONDS UNTIL SUCH BONDS ARE PAID IN PULL. WHETHER THE CAPITAL ASSESSMENT IS PAID ONE TIME AT CLOSINO OR IN ANNUAL INSTALLMENTS IS AT THE OPTION OF THE PURCHASER TO BB EXERCISED AT THE TIME OP CLOSINO. THESE AMOUNTS ARE DUB OVER THE TERM OF THE BONDS IN ADDITION TO THE PURCHASE PRICE. INITIAL PURCHASER ALSO UNDERSTANDS THAT IF THE ACTUAL ANNUAL CAPITAL ASSESSMENTS ON THE DWBLLINO UNIT ARB MORE THAN FIVE PERCENT (5%) HIOHBR THAN THE ESTIMATED AMOUNT PROVIDED HERBIN, INITIAL PURCHASER SHALL HAVE THE RIOHT TO RESCIND THIS AOREEMBNT AT ANY TIME PRIOR TO CLOSINO. INITIAL PURCHASER FURTHER ACKNOWLBDOBS AND AOREES THAT THE ESTIMATED AMOUNT OF CAPITAL ASSESSMENTS DOES NOT INCLUDE  ADMINISTRATIVE ASSl!SSMENTS  WHICH SHALL

4

BB LBVIBD BY THB DIS'l'RICT FOR OPERATIONS AND INFRASTRUCTURE MAINTBNANCB AND MAY VARY FROM YBAR TO YEAR AND FROM TIMB TO TIMB. IN THB BVBNT OF ANY CONFLICT BBTWBBN THB DISCLOSURES IN THIS PROVISION AND THB ATTACHED COD NOTICE, THB CDD NOTICE SHALL CONTROL.

PURCHASBR'S INITIALS:

Owner shall cause each Prospective Initial Purchaser to initial the Purchaser Contract Notice where indicated.
Relief to Prospective Initial Purchaser for Owner Default.

Owner shall provide relief, in the manner provided by this Section
1.3 to any Prospective Initial Purchaser who has not yet closed on a Dwelling Unit if any one of the following events shall occur (an "Owner Default"):
1.3.1.I.Owner fails to provide a timely CDD Notice or Purchase

Contract Notice as required; and/or
Owner provides a timely CDD Notice; however, such CDD Notice underestimates the aggregate or monthly actual Administrative Assessments for the District's first three fiscal years by more than five percent (5%); and/or
Owner provides a timely CDD Notice and/or Purchase Contract; however, such CDD Notice and/or Purchase Contract Notice underestimates the actual Capital Assessment, if paid in full at closing, by more than five percent (5%) and/or monthly actual Annual Capital Assessments by more than five percent (5%).
In the event of any Owner Default that is not cured by a timely Late Notice (as hereinafter defined), a Prospective Initial Purchaser may, in writing (a "Termination Notice"), elect to rescind the Purchase Contract at any time prior to closing. Upon such election, Owner shall return all monies paid by the Prospective Initial Purchaser regarding

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the purchase of the real property identified in the Purchase Contract within ten (10) calendar days after receiving written notice from the Prospective Initial Purchaser that such Prospective Initial Purchaser has elected to rescind the Purchase Contract. No other remedies provided in Section I.4 shall be available to a Prospective Initial Purchaser who terminates a Purchase Contract pursuant to this provision.
Prior to the receipt of a Termination Notice from a Prospect_ive Initial Purchaser affected by an Owner Default, Owner shall have an opportunity to cure any Owner Default by providing a written notice (a "Late Notjce") to such affected Prospective Initial Purchaser (i) prior to closing and (ii) within the later of ninety (90) days from (x) the date of execution of the Purchase Contract or (y) the Effective Date of the Ordinance (the " Period"),	If the Owner Default set forth in Section 1.3.1.3 is due solely to a fluctuation of
interest rates on the bonds once the pricing of the bonds is completed, Owner shall have the
opportunity to cure such Owner Default by providing a written notice setting forth the new annual Capital Assessments to such affected Prospective Initial Purchaser (the "Extended Late Notice") no later than the earlier of (i) the closing date of the Dwelling Unit or (ii) ninety (90) days from the pricing of the bonds (the "Extended Cure Period"). An Owner Default Q.mmo1 be
cured as to an affected Prospective Initial Purchaser after the expiration of the applicable Cure Period or applicable Extended Cure Period. If Owner provides (i) a Late Notice to a Prospective Initial Purchaser during the applicable Cure Period or (ii) an Extended Late Notice during applicable Extended Cure Period, then such Prospective Initial Purchaser may still elect to rescind the Purchase Contract at anytime for a period of thirty (30) days following receipt of Late Notice or Extended Late Notice. Upon such election, Owner shall return all monies paid by the Prospective Initial Purchaser regarding the purchase of the real property identified in the

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Purchase Contract within ten (10) calendar days after receiving written notice from the Prospective Initial Purchaser that such Prospective Initial Purchaser has elected to rescind the Purchase Contract. No other remedies provided in Section 1.4 shall be available to a Prospective Initial Purchaser who receives an accurate Late Notice or Extended Late Notice during the Cure Period or Extended Cure Period, as applicable, regardless of whether the Prospective Initial Purchaser elects to rescind the Purchase Contract.
Every Late Notice or Extended Late Notice sent by Owner to a Prospective Initial Purchaser must include the following in bold type in a font at least as large as the largest font in such Late Notice or Extended Late Notice (with correct type of notice Indicated):
THB DWBLLINO UNIT YOU ARB PURCHASINO IS SUBJECT TO A COMMUNITY DEVELOPMENT DISTRICT AND A RELATED DECLARATION OP RllSTRICTIVE COVENANTS WHICH RBQUIRBS THAT CERTAIN NOTICES BB OIVEN TO PURCHASERS BY OWNER. THIS IS A
{LATE NOTICE or EXTENDED LATE NOTICE] UNDER SUCH DECLARATION. IF OWNER PROVIDES YOU WITH THIS {LATE NOTICE or EXTENDED LATE NOTICE} DURINO THB APPLICABLE CURB PERIOD, THBN YOU AS A PROSPECTIVE INITIAL PURCHASER MAY STILL BLBCT TO RBSCIND THE PURCHASE CONTRACT FOR A PERIOD OP THIRTY (30) DAYS FOLLOWINO RBCBIPT OF THIS [LATE NOTICE or EXTENDED LATE NOTICE]. UPON SUCH ELECTION, OWNER SHALL RETURN ALL MONIES PAID BY YOU AS THB PROSPECTIVE INITIAL PURCHASER .RBOARDINO THE PURCHASE OF THE REAL PROPERTY IDBNTIFIBD IN THB PURCHASE CONTRACT WITHIN TEN (10} CALENDAR DAYS AFTER RECBIVINO YOUR WRITTEN NOTICE YOU HAVB ELECTED TO RESCIND THE PURCHASE CONTRACT., AND ALL OTHER PROVISIONS OP THB DECLARATION OP RBSTRICTIVB COVENANTS NOT INCONSISTENT WITH THB REMEDIES SET FORTH HERBIN SHALL OOVBRN. NO OTHER REMEDIES PROVIDED IN SECTION 1.4 OF THE DECLARATION SHALL BB AVAILABLE TO YOU AS A PROSPECTIVE INITIAL PURCHASER IF YOU RBCBIVE THIS {LATE NOTICE or EXTENDED LATE NOTICE] DURINO THE APPLICABLE CURB PERIOD, RBOARDLBSS OF WHBTHBR YOU AS A PROSPECTIVE INITIAL PURCHASER ELECT TO RESCIND THE PURCHASE CONTRACT.

If the Owner Default involves the failure to provide a Purchase Contract Notice or Owner provided a Purchase Contract Notice in substantially the correct form and location; however, such Purchase Contract Notice underestimated the actual Capital

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Assessment, if paid in full at closing, by more than five percent (5%) and/or the annual Capital Assessments by more than five percent (5%), then the Late Notice or Extended Late Notice shall also contain the following:
YOUR PURCHASE CONTRACT PROVIDES. THAT THB PURCHASE PRICE FOR YOUR DWELLING UNIT IS AS FOLLOWS: [INSERT PURCHASE PRICE INFORMATION]. THIS DWELLING UNIT IS OR WILL BB WITHIN A COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT"), THE DISTRICT PLANS TO ISSUE OR HAS ISSUBD BONDS THAT WILL HAVE PRINCIPAL AND INTEREST PAYMENTS APPLICABLE TO THIS DWELLING UNIT OVER A PERIOD OF UP TO THIRTY (30) YEARS TO FUND CONSTRUCTION OF INFRASTRUCTURE SERVINO THE PROPERTY  IN THE ESTIMATED  AOGREOATE  AMOUNT OF $.,.Sa
Exhibit B, THIS DWBLLINO UNIT SHALL BB ASSESSED AN ESTIMATED CAPITAL ASSESSMENT OF $ Seo Bxhlbll B IF PAID IN FULL AT CLOSINO OR AN ESTIMATED ANNUAL CAPITAL ASSESSMENT OF $ See Exhibit B FOR ITS PROPORTIONATE SHARE OF DEBT SERVICE ON THE BONDS UNTIL SUCH BONDS ARE PAID IN
FULL, WHETHER THE CAPITAL ASSESSMENT IS PAID IN FULL AT CLOSINO OR IN ANNUAL INSTALLMENTS IS AT THE OPTION OF THE PURCHASER TO BB EXERCISED AT THE TIMB OF CLOSINO.THBSE AMOUNTS ARE DUB OVER THE TERM OF THE BONDS IN ADDITION TO THE PURCHASE PRICE. PURCHASER ALSO UNDERSTANDS THAT IF THE ACTUAL ANNUAL CAPITAL ASSESSMENTS ON THE DWBLLINO UNIT ARB MORE THAN FIVE PERCENT (S%) HIOHER THAN THE ESTIMATED AMOUNT PROVIDED HEREIN, PURCHASER SHALL HAVE THE RIOHT TO RESCIND THIS AOREBMENT AT ANY TIME PRIOR TO CLOSINO. PURCHASER FURTHER ACKNOWLEDGES AND AOREES THAT THE ESTIMATED AMOUNT OF CAPITAL ASSESSMENTS DOES NOT INCLUDE ADMINISTRATIVE ASSESSMENTS WHICH SHALL BE LEVIED BY THE DISTRICT FOR OPERATIONS AND INFRASTRUCTURE MAINTENANCE AND MAY VARY FROM YEAR TO YEAR AND FROM TIME TO TIME. IN THE EVENT OF ANY CONFLICT BETWEEN THE DISCLOSURES IN THIS PROVISION AND THE ATTACHED CDD NOTICE, THE CDD NOTICE SHALL CONTROL.

If the Owner Default involves the failure to provide a CDD Notice or Owner provided a timely CDD Notice; however, such CDD Notice underestimated (i) the actual aggregate Administrative Assessments for each of the District's first three fiscal years by more than five percent (5%) and/or (ii) the actual Capital Assessment, if paid in full at closing, by more than five percent (5%) and/or the actual annual Capital Assessment by more than five percent (5%), then the Late Notice or Extended Late Notice must also include a CDD Notice, if

s	GI

the Owner Default involves a failure to provide a CDD Notice or an accurate revised CDD Notice, if the Owner Default involves a timely but inaccurate CDD Notice.
I.4	Relief to a. Prospective Initial Purchaser Who Actue.Uy Closes on a
Dwelling Unit After an Uncorrected Owner Default.
In the event Owner fails to give a Prospective Initial Purchaser a timely CDD Notice, and such failure is not corrected by a timely and accurate Late Notice, then a Prospective Initial Purchaser that closes on the Dwelling Unit ("Actual Initial Purchaser") may
demand, In writing, that Owner pay such Actual Initial Purchaser (i) the amount necessary to
prepay all Capital Assessments principal, and interest on such Capital Assessments principal due through the neKt applicable bond payment date respecting the Dwelling Unit plus (ii) an amount equal to the sum of the share of the actual Administrative Assessments levied by the District on such Dwelling Unit for the District's first three (3) fiscal years immediately following the closing respecting the Dwelling Unit.
In the event that Owner gave to an Actual Initial Purchaser (i) both a timely CDD Notice and Purchase Contract Notice and either underestimated the actual Capital Assessment, if paid in full at closing, by more than five percent (5%) and/or the actual annual Capital Assessments (as set forth in Table 1 of the CDD Notice) by more than five percent (5%) and such underestimate was not corrected by a timely and accurate Late Notice or EKtended Late Notice or (ii) a timely CDD Notice and no Purchase Contract Notice, if applicable, and the CDD Notice underestimated the actual Capital Assessment, if paid in full at closing, by more than five percent (5%) and/or the actual annual Capital Assessments by more than five percent (5%) and such underestimate was not corrected by a timely and accurate Late Notice or EKtended Late Notice, then such Actual Initial Purchaser may demand, in writing, that Owner (a) pay such

•

actual Initial Purchaser, in the event he or she elects to pay the Capital Assessment in full at closing, an amount equal to the difference between the actual Capital Assessment due at closing and the estimated Capital Assessment due at closing disclosed in the COD Notice to the Actual Initial Purchaser or pay such Actual Initial Purchaser, in the event he or she elects to pay an annual Capital Assessinent, an amount equal to the difference between the actual aggregate amount of annual Capital Assessments, calculated over the term of the bonds, levied and imposed by the District on such Dwelling Unit and the aggregate amount of estimated annual Capital Assessments, calculated over the term of the bonds, actually disclosed in the COD Notice to the Actual Initial Purchaser or, (b) if less, the amount necessary to prepay all Capital Assessments principal and interest on such Capital Assessments principal through the next applicable bond payment date with respect to the Dwelling Unit.
In the event that Owner gave an Actual Initial Purchaser a timely COD Notice and such COD Notice underestimated the actual annual Administrative Assessments by more than five percent (5%) and such underestimate was not corrected by a timely and accurate Late Notice, then such Actual Initial Purchaser may demand, in writing, that Owner pay such Actual Initial Purchaser an amount equal to the difference between the actual amount of the Administrative Assessments levied and imposed by the District on such Dwelling Unit and the amount of estimated Administrative Assessments disclosed to the Actual Initial Purchaser in the CDD Notice calculated for the District's first three (3) fiscal years immediately following the closing based on the initial actual annual Administrative Assessments.
Upon such demand by an Actual Initial Purchaser under this Section 1.4, Owner shall deliver the applicable amount to the Actual Initial Purchaser within ten
(10) calendar days after: (1) receipt of written demand, or (2) after the date Capital Assessments

10	<o 3

and Administrative Assessments first become payable, whichever is later, unless Owner and Actual Initial Purchaser agree to another manner or time of payment. An Actual Initial Purchaser shall provide to Owner written notice of election of remedy in this Section on or efore one (1) year after the earlier of (1) the date that Capital Assessments and Administrative Assessments first appear on the Actual Initial Purchaser's Combined Real Property tax bill for the affected Dwelling Unit or (2) if such assessments are directly bllled by the District and do not appear on the Actual Initial Purchaser's Combined Real Property tax bill, then the date that such Capital Assessment and Administrative Assessments first appear on any bill sent to the Actual Initial Purchaser by the District for the affected Dwelling Unit. After the expiration of that year, Owner shall not be obligated to provide any relief to such Actual Initial Purchaser under this Declaration.
Nothing in this Section 1.4 shall be construed to relieve any Actual Initial Purchaser of the individual Dwelling Unit of liability for all lawful taxes and assessments including, but not limited to, any tax liability resulting from Owner's payments to such Actual Initial Purchaser under Section I.4.
Additional Disclosure through District Sign. Owner shall display at every
entrance to a sales office or area, in a conspicuous location readily available for viewing by Prospective Initial Purchasers of Dwelling Units, a sign with information about the District. The remedy provisions discussed in Section 1.4 shall not apply to this Section. Such sign(s) shall be no smaller than twenty-four inches by thirty-six inches (24" x 36"), and shall contain the following language in substantially similar form in large, boldface type:
ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

PURSUANT TO CHAPTER 190, FLORIDA STATUTES, THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON

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THIS PROPERTY THROUOH A SPECIAL TAXINO DISTRICT, THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES OF THE DISTRICT AND ARB SET ANNUALLY BY THE OOVERNINO BOARD IN ADDITION TO COUNTY AND ALL OTHER TAXES AND ASSESSMENTS PROVIDED FOR BY LAW. THE ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT EXPECT$ TO ISSUE BONDS TO FINANCE A PORTION OF THE CONSTRUCTION OF REQUIRED PUBLIC INFRASTRUCTURE IN ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, A PURCHASER OF PROPERTY IN ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT WILL BB OBLIGATED TO PAY ANNUAL ASSESSMENTS TO AMORTlZE THE DEBT AND FOR DISTRICT ADMINISTRATION, WHICH AMOUNTS ARB SEPARATE FROM THE PURCHASE PRICE OF THE PROPERTY AND OTHER ASSESSMENTS ON THE PROPERTY, AND WHICH MAY VARY FROM YEAR TO YEAR AND FROM TIME TO TIME. THE TOTAL ANNUAL ASSESSMENTS VARY IN RELATION TO THE INFRASTRUCTURE BENEFIT ALLOCATED TO THE PROPERTY ASSESSED, AND ARE EXPECTED TO APPEAR ON A PURCHASER'S PROPERTY TAX BILL BACH YEAR, BUT MAY BB BILLED DIRECTLY BY THE ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, A PURCHASER SHALL HAVE THE OPTION TO PAY IN FULL AT ANY TIME THE PRO RATA SHARE, AS ALLOCATED TO THE PURCHASER'S PROPERTY, OF THE TOTAL AMOUNT OF DISTRICT CAPITAL ASSESSMENTS DUE. FOR FURTHER INFORMATION ON THE ORAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT AND A PURCHASER'S BENEFITS AND OBLIOATIONS RBLATINO THERETO, CONTACT SPECIAL DISTRICT SERVICES, INC,, 2501A BURNS ROAD, PALM BEACH GARDENS, FLORIDA 33410 OR CALL TOLL FREE (877) 737-4922,

Inspection of District Records by County Representatives. Owner shall allow or provide for the District to allow County representatives to review all pertinent records in
order to assess the overall perfonnance of Owner in providing timely and accurate disclosure of estimated Capital Assessments and Administrative Assessments on Dwelling Units within the District. Prompt access shall be provided without prior notice of inspection by the County representatives, but only during nonnal business hours and without disruption of sales operations. The purpose of such inspection is only to detennine Owner's overall compliance with the aforementioned notice requirements and such inspection shall not authorize the County to seek any relief provided under Section 1.4, either on behalf of itself or on behalf of any Prospective Initial Purchaser or Actual Initial Purchaser.
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Sole Provider of Water, Wastewater. and Reuse Service. Owner acknowledges and agrees that the Miami-Dade County Water and Sewer Department ("WASP"), or its successor agency or department, shall be the exclusive provider of water, wastewater, and reuse service to all lands within the Property. Service shall be provided by
WASD in accordance with its general policies and procedures for providing service throughout the County.
ARpHcatjon for Multi-Pumose Special Taxing District to Maintain Infrastructure. The costs of maintaining the infrastructure constructed with funding provided through the District shall be the responsibility of the District and its successors and assigns. In
order to assure that such maintenance is performed, however, on or before the recording of a final plat on any portion of the Property, Owner shall apply to the Board for the creation of a multi-purpose special taxing district to maintain the infrastructure serving the Property including, but not limited to, roadways, drainage, walls, and landscaping, as applicable. Upon approval of the multi-purpose special taxing district by the Board, such taxing district may remain dormant until, in the sole and exclusive opinion of the Board, both the District and any homeowners' or similar association shall have failed to maintain the infrastructure serving the Property, as such failure is defined in any easement and/or covenant recorded in the public records and governing the infrastructure or similar agreement provided by Owner, or in the absence of such easement, covenant or agreement, as determined by the Board. Upon such determination, the Board shall authorize the activation of the multi-purpose special taxing district and cause the infrastructure to be maintained at the expense of such taxing district. By this provision, Owner hereby authorizes the Board end its officials, employees, and agents to enter upon the Property if the special taxing district is activated for the purpose of maintaining the infrastructure serving the Property. Owner

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further agrees to apply, at the time of plat, replat, or waiver of plat, as applicable, to provide for an easement for the benefit of the County and providing that at any and all times during which the infrastructure or any portion thereof is maintained by the County, the public shall have a right of perpetual access and use in those portions of the Property on which the infrastructure is located including, but not limited to, the roadways serving the Property.
BENEFITS AND ENFORCEMENT.
The covenants set forth in Sections 1.2, 1.3 and 1.4 shall run and be in favor of and to the benefit of Prospective Initial Purchasers and Actual Initial Purchasers of individual Dwelling Units within the Property, and their heirs, successors, and assigns, and shall be enforceable exclusively by such persons. After an individual Dwelling Unit has been once conveyed to an Actual Initial Purchaser, no further notice shall be required to be provided by Owner to any purchaser of a Dwelling Unit if the same has been improved with a residence. If a Dwelling Unit is conveyed as unimproved land, then such Dwelling Unit shall not be deemed to have been conveyed to a Prospective Initial Purchaser or Actual Initial Purchaser, and all of the covenants set forth in Sections 1.2, 1.3 and 1.4 shall apply to the Dwelling Unit and any Owner offering such Dwelling Unit for sale to Prospective Initial Purchasers.
The covenants set forth in Sections 1.6, l. 7 and 1.8 shall run and be in favor of and to the benefit of the County or any successor municipal government, and shall be enforceable exclusively by such governmental entity.
Enforcement shall be by action against any party or person violating, or attempting to violate, any covenants herein. The prevailing party in any action or suit pertaining to or arising out of this Declaration shall be entitled to recover, in addition to costs and disbursements allowed by law, such sum as the Court may adjudge to be reasonable for attorney

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and paraprofessional fees and costs and expenses and trial and upon appeal. This enforcement provision shall be in addition to any other remedies available at law or in equity, or both.
COVENANT RUNNING WITH THE LAND.
This Deolaration on the part of Owner shall constitute a covenant ruMing with the land and shall be recorded, at the expense of Owner In the public records of the County, following the acceptance by the Board of an ordinance approving the creation of the District, and shall remain in full force and effect and be binding upon the undersigned Owner, and its successors and assigns, until such time as the same is modified or released. These restrictions during their lifetime shall be for the benefit of, and litigation upon, all present and future owners of the Property and for the public welfare. Owner, on behalf of itself and its heirs, successors, and assigns, acknowledges that acceptance of this Declaration does not in any way obligate the County to undertake the construction or maintenance of any infrastructure or any other duty or obligation of the District.
TERM.
This Declaration is to run with the land and shall be binding on all parties and all persons claiming under it for a period of thirty (30) years from the date this Declaration Is recorded, after which time it shall be extended automatically for successive periods of ten ( I0) years each, unless an instrument signed by the then owner(s) of the Property has been recorded agreeing to change the covenant in whole, or in part, provided that the Declaration has first been modified or released by the County.
MODIFICATION. AMENDMENT. OR RELEASE.
This Declaration may be modified, amended, or released as to the land herein described, or any portion thereof, by a written instrument executed by the then owner(s) of all of the Property, or of such portion as will be affected by the modification, amendment, or release,
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Including joinders of any and all mortgagees, provided that the same is also approved by the Board, after public hearing.
Should this Declaration be modified, amended, or released, the County Manager or successor official of the County, or the assistant in charge of the office in the County Manager's absence, shall forthwith execute a written instrument effectuating and acknowledging such modification, amendment, or release.
ELECTION OF REMEDIES.
All rights, remedies, and privileges granted herein shall be deemed to be cumulative, and the exercise of any one or more shall neither be deemed to constitute an election of remedies, nor shall such exercise preclude the party exercising the same from exercising such other additional rights, remedies, or privileges.
SBYERABILITY.
Invalidation of any one of the covenants herein by judgment of Court shall not affect any of the other provisions of this Declaration which shall remain in full force and effect. However, if any material portion of the covenants herein is invalidated and such provision is not timely amended or replaced, or cannot be timely amended or replaced in an enforceable way with materially the same effect as the invalidated provision, the County shall be entitled to revoke any approval predicated upon the invalidated portion. It shall be Owner's obligation to apply for and diligently pursue any such application for amendment or replacement.
ACCEPTANCE OF DECLARATION.
Owner acknowledges that acceptance of this Declaration does not obligate the County in any manner with respect to the District, or with respect to any land use application on the Property, nor does it entitle Owner to a favorable recommendation or the approval of any application, zoning or otherwise, and the Board and/or any Community Zoning Appeals Board
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and other County boards, officials, and employees retain full authority to approve or deny such application.
IN WI1NESS WHEREOF, the undersigned has set its hand and seal to this Declaration

of Restrictive Covenants this  	

day of  	

 	, 20_.

OWNER:
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

·

By:

Name:	- -

1.. o

Title:	019!:'.J bhl
Owner's Address:

Notary Public,
Print Name: ,- M.!14--	r.---­
My commission expires: llLJl!:f<Ull.0---

STATE OF FLORIDA COUNTY OF MIAMI-DADE

10	911.4/07 9:40 AM

•'

Exhibit A
LEGAL DESCRIPTION

GRAND BAY AT DORAl.
A portion of  Section 8, Town■hlp	83 South, Rong, 40 Eo■t, Mloml•Dode county, Florldo, being more portloulorly doacrlbod ae fallowe:
COMMENCE: ot the Northwe■t Comer of sold Saotlon 8; thence N89deg39mln28.. cE, along the North l.lne of said Section 8, fer a dlatonce of 40,01 feet to the POINT OF' BEGINNING of the hereinafter .deaarlbed Parcel of l.and; thonoe continue N89dag39mln281ec£, along tho la,t d11crlb1d Hne for a dt11tanoe of  2818,18  feat; thence SOldeg44mln24secE for a distance of 3388.11 feet; thence S89dag39mln211eeoW for a dl1tanco of 2817,08 f.. tt thence N01deg43mln29aecW, along  a llne 40.00  feet Eoat ol and parallel with the Weat l.lne of aola Section 8, for o dlatanoe of 33118,12
feet to the POINT OF BEGINNING,
LESS
The East 400 feet of  the  West  970  feet of  the North  240  feet, and the  East  4aO  feet  of the West 970 feet of the South  2110  feet  of  the  North  490  feet  of  Section  8, Townahlp 113 South, Range 40 Ea1t, Miami-Dade County, Florido, 01 deacrlbad  In  c Special Warranty Deed recorded In Offlclal Records Book 18898, ot Poga 7811 of  the Public Records of f.lloml-Oade County, Florlda.
ANO: (DORAL \IILLAS)

A portion of the South 1/2 of Section 8, Township 113 South, Rong• 40 East, Mloml-Oode County, Florida, being more portlcularly described as follows:

COMMENCE at the SouthwHt Comer of 1old Sootlon  8:  thence N01deg43mln29aecW, along the w.. t Line  of  the ScuthwHt  I /4  of 1olcl  Section  S. for o  dl,tonoe  of  730,21 feet; t11noe N89deg39mln21111aE for o dlatonco of 40,01 to thil POINl' OF BEGINNING of the herelnaft,r described Porcel of Lend; thence NOldeg4!mln29eeoW, along a fine
40,00 feet Eoat of and porollel with the scild Well Line  of  the  Southw..  t  1/4  of  acid Section 8, for o dlatance of 1190,41 feet; thence  N89deg39mln215aeoE, olon9  a  llne r:,orQllel with and 1920,08 feat North of the South Line of the  Southweat  1/4  of  eold Section 8, for a dletcnco of 2817,08 foot: th.,oe S01deg44tnln2411cE for o dl1tcnco of 1190,42 fHt; thence S89deg39mln211110W, along o line tflat la parallel with Qnd 730,00
feet North of the' South Uno of tho ,aid Southweet 1/4 of sold Section 8:  for  a dletance of 281?.39 f•at to the POINT 01" SE:GINNING.
ANO: (DORAL PLACES)

A portion of the Northeast 1/4 of Section 8, Townahlp 53 South, Rongo 40 Eaat, Miami-Dado County, Flcrlda, being more particularly described as followe:
BEGIN at the Nartheaat Corner of said Section 8;  thence S01dag#mln24HcE,  olang  the Eo1t  Line  of  tho ■aid Northeo■t  1/4	of eald Section 8, for a distance of 1219,118 foet: thence S8Sdeg39mln25aeoW, along a tine parol,el with and 4057.91 feet North of the
South Lino of tho Southeaet 1/4 of eald Section 8,  for  o  distance  of  260B,B2  foet  to c paint on o llne that la parallel with and 2608,04 foot Wost of tho Eoat Lino of the acid Northeast 1/4 of aald  Section  8;  thence N01deg44mln24seoW,  along  the last  descrlboc llne for a dlatonce of  1219,62  feet  to  a  point  on  the  North  Line  of  tho  sold  Northooat 1/4 of aold Section 8: thence N89deg39mln28aeoE, ah1ng the last deaorlbod Uno for Q dletonce of 2608,82 feel to the POINT OF' BEGINNING,

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LESS 1HE FOLLOWING DESCRIBED PARCELS:
(CHURCH SITE)
A port!on of the Northwaat 1/4 cf Section 8, Townahlp 63 South, Range 40 East, Mloml-Dooe County, Florido, being more partlculorly described aa follows:
COMMENCE at the Northwoat Comer of ,aid Station 8; thence SOldeg4:Smln29eecE, along the 'Nast Une Qf the Northwest 1/4 of 1ald Section 8, for a distance of 1558,14
faet; thence N88deg18mln:S1aecE for Q dlatanae of 50,00 feet to the POINT OF' BEGINNING of the following de■crlbed Parcel of Laney thence S01deg43mln29seoE for a dlatance of 2:58,28 feet; thence N88deg18mln:51seo!; for o dlatanoe of 288,00 t.. t; thence N01deg43mfn29aeoW for a dlatanaa of 220,42 feat to a point of curvature of a ofroulor curve to tho left, concave to the Soulhweot; thence Northerly, Northweaterly and we,tetly along the arc of acid curve, having for Its elemsnte a radius of 23.00 feat, t.1rcugh o central angle of llOdegOOmlnOOaec for an 11ro dlet11nco of 38.13 feet to a point  of  tongenor,  thonco  S88dog18mln3■1ooW  for  a  dl1tcnoe  of  225,00  feet  to  ci point of curvature of o clroulor curve to the loft, concave to the Southeo,t1 thence Weetoriy end Southwesterly along the ore of said curve, having for lie elements a radius of  34,00  fttl, through  a  control  angle  of 31dog57mln57■ec  far  on arc  dletonco  of
18.87 fHt to the. POINT OF BEGINNING.
AND: (SCHOOL SITE)
A portion of Section 8, Townehlp $3 South, Range 40 £oat, Miami-Dade County, Fiorica, being mare partloularly doaarlbod 111 follow,:
COMMENCE ot the Northweat Corner of ec:lld Section 8; thence S01dog43mln291ecE, along the Weal Lina of ao!d Soatton 8, far a dlatonoe of 2889,37 feet; thence N88de918mln31HCE fer o dletcnoe of 570,00 feet to the POINT OF BEGINNING cf tho folfawlrig dt1crtbed Parcel of Lond; thence continue NB8dogUlmln31eocE for a dfstanco of 2711,00 feet; thence S01deg43mln29aecE for o dlelonce of 081.72 feet; thence S88do918mln31100W for a dl1tanc1 of 85,00 feet; thence S01dog4:5mln29110E for o dlatanco of 45,94 fHt: thence N89deg39mln25aecE for a distance of 85,02 feet; thence S01deg43mln29aecE for a dlatQnca of 152.38 faet; thence SB8deg18mln17sacW for a d!at'lnce of 279,00 feet; thence N01deg43mln29seaW for a dlatonco of 881.83 feet ta the PotNT OF BEGINNING.

10,29/07 11:37 AM

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Exhibit B
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT NOTICE
Ial!ILl, ESTIMATED TOTAL ANNUAL DISTRICT ASSESSMENTS DUE PER DWELLING UNIT FOR EACH OF THE
DISTRICT'S FIRST THREE (3) FISCAL YEARS (actual ■n m menta may VII')' f'rom the amount, ,et forth below and Operation, and lnf'r	· "·lntenan,e Am11ment1 mav be hl•her In aub,e uent vem baaed on actual bud•ell adonted bv the Dlltrlctl,

Type or Dwelllna Unlt.(and Phan, If Applicable)	Elflmated 4Wlllll Dlllrlcl Capltal Aueumentt lncludln1 Principal and Interest
(He Sections 3.1 and 3.2Below)	
E1llmated 4Wlllll Admlnlllratlve A11mmen11 (Include, both Operation, and Jntraatructure Malntenanee A11ea1ment1) (aeeSecHon 3,4 Below)	
Estimated Total 4Wlllll Dlatrlct A11111men11 Due for each orthe Dl1trlct'1 nrst three (3) 0ml yeora (He Section 3.5 Below)	
Townhomo	$1.132,00		36.00		1168.00	
Sln•lo Famllv Homo	SI 764.0		36.00		1.800.00	
Condominiums	SP94,00		36,00		I 030.00	
Workahoos	S938,00		36,00		974.00	
Ill!lll BREAKDOWN OF ESTIMATED MONTHLY DISTRICT ASSESSMENTS FOR EACH OF THE FIRST THREE (3) FISCAL
YEARS (actual 1mument1 may vary f'rom the 1moun111et forth below and Operation, and lnf'raatructure Molntonanee Amumenll mav be hl•her In aubse•uent •earo based on actual bud•eta odonted b• tho Dlllrlctl,

Type of Dwelling Unit (ond Pbm, If Appllo■ble)	Eltlm■tod Ma.nlhlX Dl1trlet OPCPHPDI AIIC!lfflCDfl	Eatlmated	Dl1trl<t
IDftHIJ:IHllYB  ifllDKDIDH	Estimated ManthlY Dlatrlct Capitol A11mmenta (Elllmoted Annual District Capital Am11mont1divided by U)	
		A11cumcnt1		
Townbomo	$3.00	$0,00	$94.00	
Slnalo Pamllv Homo	53.00	so.oo		47.00	
Condominiums	$3.00	$0.00		83.00	
Worklh001	$3.00	$0.00		78.00	
I11111J ESTIMATED INITIAL PAYOFF OF CAPITAL ASSESSMENTS (doe, not lnolude lnlemt on the bond principal due throu1h the ntxt Paymenl Date) AND ESTIMATED TOTAL PAYMENTS IF ANNUAL PAYMENTS ARE MADE OVER THE TERM OF THE BONDS

Type or Dwelllna Unit (and Phm, If Applicable)	Initial Estimated Prepayment Amount to Pay orr Dwelling Unit'• pro r1ta ahare ofDl1trlct Bond, at time Dwelllng Unit Clom (thla amount decllnea 11 principal payment• are made annually and doe, NOT Include lntemt thal may be due through the next applloable bond payment date)	E1llmated I9lil Capital A11mment1 lncludln1 Prlnclp1I and Interest If Capital A11e11men11 are Paid Annually (No Prepayment) over Thirty (30) year, (Eallmated Annual Dlotrlct Capllol A11mmenl1 tlmea 30)	
Townhome	$16 911.00	•33 948.00	
Slnalo Pamllv Homo	$27 117.00	$52.920.00	
Condominiums	Sl4 848.00	•29 808.00	
Workshoos	$14 023.00	$28.162.00	
PURCHASERS INITIALS

The Djstrjct. All of the residential dwelling units ("Dwelling Units") in Century Grand (the "Development") are also located within the boundaries of the Grand Bay at Doral Community Development District (the "District"). The District is a local unit of special-purpose government organized and existing under the laws of the State of Florida and the Home Rule Charter of Miami-Dade County, Florida and located in Miami-Dade County ("County"). The primary purpose of the District is to finance the cost of the public infrastructure of the Development which may include, without limitation,

2	r3	IO;l0/07 11:37AM

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water and sewer facilities, environmental mitigation, roadways, the surface water management system, utility plants and lines, land acquisition, miscellaneous utilities for the Development, as applicable, and other Infrastructure projects and services necessitated by the development of land within the Development (collectively, the "l'!ul2Jlc Infrastructure").
 		PURCHASER'S INITIALS

The PisJrict Board, The Board of Supervisors of the District (the "Dlstrjct B..JW:ll.") is initially elected by the landowner in the District. The Board Is required to advertise its meetings in advance and all District Board meetings are required to be open to the public. The District Board is required to prepare a budget each fiscal year and adopt the same In an open, public meeting. All owners of property within the District are Invited to attend District Board meetings and participate in the public process.
 		PURCHASER'S INITIALS

Pistrjct Finance and Assessments. The current plan Is for the District to issue bonds to acquire, construct, reconstruct, and equip all or a portion of the Public Infrastructure identified in Section
1. Currently, it Is estimated that the Dwelling Units In the Development will be assessed based on the Capital and Administrative Assessments listed In Table I above and In Sections 3.1 and 3.4 below (if paid in November) to retire the debt of the District, to pay for operations of the District and maintenance of the Public Infrastructure. District assessments will either appear on the County real estate tax bill of each property located within the District and will be paid at the same time as County taxes are paid, or will be directly billed by the District. Capital assessments to repay the principal portion of the bond debt could be levied by the District for a period of up to thirty (30) years.
 	 PURCHASER'S INITIALS

District Capital Assessments. The District expects to issue bonds (the "Bm!.dl"), the principal ofand interest on which will be payable from non ad valorem special assessments ("Dlstrlct Capltal Assessments") levied by the District on the property within the Development, which property is found to be specially benefited by the Public Infrastructure. Bach Dwelling Unit is subject to a District
Capital Assessment to repay the bonds.

PURCHASER'S INITIALS

Amount. The estimated amount of annual District Capital Assessments including principal and interest levied on each Dwelling Unit is expected to be approximately $1132.00 for a townhome (approximately $94.00 per month), approximately $1,764.00 for a single family home (approximately $147.00 per month), approximately $994.00 for condominiums (approximately $83 per month), and approximately $938.00 for workshops (approximately $78.00 per month), which sum shall be payable annually for the term of the Bonds (the principal repayment period may not exceed thirty (30) years). The aggregate amount of District Capital Assessments including principal and interest expected to be levied and imposed on each Dwelling Unit over the term of the thirty (30) year Bonds is approximately
$33,948.00 for a townhome, approximately $52,920.00 for a single family home, approximately
$29,808.00 for condominiums, and approximately $28,162.00 for workshops.

PURCHASER'S  INITIALS

Prepay Optjon. Each owner of a Dwelling Unit has the option of prepaying the aggregate amount of District Capital Assessments levied on the owner's Dwelling Unit. The prepayment

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amount at any time will be equal to the remaining outstanding pro rata share of principal and Interest due through the next applicable payment date due on the bonds for each Dwelling Unit, Such prepayment amount will decline each year as the District Capital Assessments are paid.
 	 PURCHASER'S INITIALS

District Adminjstratjye Assessments. In addition to District Capital Assessments, the District will impose an annual non ad valorem assessment to fund District operations and maintenance of its Public Infrastructure (collectively, "District Admtnlflratlye AHeHments"). Bach Dwelling Unit shall be subject to District Administrative Assessments. Tho budget from which District Administrative Assessments are derived is subject to change eaoh year, and may va_ry from year to year and from time to time. During each of the first three (3) fiscal years of the District, it Is anticipated that District Administrative Assessments for the Dwelling Unit will be approximately $36.00 per year per Dwelling Unit, after which time such assessments may vary from year to year and from time to time.

 	 PURCHASER'S INITIALS

3.S	pjstrlot Assessments. District Administrative Assessments together with District Capital Assessments shall comprise the "Dlatrlet A11p11ment1." While the District Assessments are not
taxes under Florida law, the District Assessments will constitute a lien coequal with the lien of State, County, Municipal, and School Board taxes, and are expected to appear on the ad valorem tax bill sent each year by the Miami-Dade County Tax Collector. The Homestead Exemption is not applicable to the District Assessments. Because a tax bill cannot be paid in part, failure to pay the District Assessments or any other portion of the tax bill will result in the sale of tax certificates and could ultimately result In the loss of title to the Dwelling Unit of the delinquent taxpayer through the issuance of a tax deed. ff billed directly by the District, nonpayment could result in foreclosure on and loss oftltle to the Dwelling Unit.
 	 PURCHASER'S INITIALS

PURCHASER:	PURCHASER:

Print Name: 		_ Date:  	

Print Name: 	_
Date: 	_

4	10129/07 11:37 AM

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STATE OF FLORIDA	)
) SS: COUNTY OF MIAMI-DADE	)

I, HARVEY RUVIN, Clerk of the Circuit and County Courts, in and for Miami-Dade County, Florida, and Ex-Officio Clerk of the Board of  County  Commissioners  of  said county, DO HEREBY CERTIFY that the above and foregoing is a true and correct copy of Ordinance 08-12  , adopted by the said Board  of County  Commissioners  at its meeting  held on February 5, 2008 , as appears of record.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal on this 15th	day of	February , A.D.,2008.

HARVEY RUVIN, Clerk

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Board of County Commissioners Miami-Dade County.Florida

By: --4D,_L.:.v-----
Deputy Clerk

  s.,,,::..	,e:c=--

Board of County Commissioners Miami-Dade County, Florida