Rivers Edge III Community Development District

June 15, 2022

AGENDA
Rivers Edge III Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.RiversEdge3CDD.com

June 8, 2022

Board of Supervisors
Rivers Edge III Community Development District
Call-in #: 1-866-705-2554 Code: 464498

Dear Board Members:

The Rivers Edge III Community Development District Board of Supervisors Meeting is scheduled to be held on Wednesday, June 15, 2022 at 9:30 a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida 32259.
Following is the agenda for the meeting:

Call to Order

Public Comment

Approval of the Minutes of the April 20, 2022 Board of Supervisors and Joint Special Meetings

Ratification of Proposal for Painting of the Pirate Ship Playground (Cost Share)

Acceptance of the Fiscal Year 2021 Audit Report

Consideration of Proposals (Costs to be Shared)
Replacement of Kayaks

Pond #8 Light Replacement

Consideration of Resolution 2022-07, Approving the Proposed Budget for Fiscal Year 2023 and Setting a Public Hearing Date

Consideration of Amendment to Agreement with GMS

Consideration of Resolution 2022-08, Authorizing a Change in the Registered Agent

Consideration of Resolution 2022-09, Designating a Date, Time and Location for a Landowner’s Meeting and Election

Staff Reports
District Counsel

District Engineer – Stormwater Needs Analysis Report

District Manager – Report on the Number of Registered Voters (99)

Operations & Maintenance
Update on Weekly VerdeGo Performance Report

Pond Report

Landscape - Report

Financial Reports
Balance Sheet and Statement of Revenues and Expenditures

Approval of Check Registers
April

May

Ratification of Funding Request No. 23

Consideration of Funding Request No. 24

Supervisor Requests and Audience Comments

Next Scheduled Meeting – July 20, 2022 at 9:30 a.m. at the RiverTown Amenity Center

Adjournment

MINUTES
MINUTES OF MEETING
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rivers Edge III Community Development District was held on Wednesday, April 20, 2022 at 9:30 a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida.

Present and constituting a quorum were:

DJ Smith	Chairman
Jason Thomas	Vice Chairman
Chris Henderson	Supervisor
Amber King	Supervisor

Also present were:

Jim Oliver	District Manager
Lauren Gentry	District Counsel
Ryan Stilwell	District Engineer
Jason Davidson	Vesta
Johnathan Perry	Vesta
Clint Waugh	Vesta
Dan Fagen	Vesta
Erik Olsen	Vesta
Shane Blair	VerdeGo
Trey Sterling	VerdeGo
Marilee Giles	GMS

The following is a summary of the discussions and actions taken at the April 20, 2022 meeting. An audio copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Giles called the meeting to order at 9:30 a.m.

SECOND ORDER OF BUSINESS	Public Comment
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February
16, 2022 Regular Board Meeting
There were no comments on the minutes.
April 20, 2022	Rivers Edge III CDD

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-06,
Designating Officers
Mr. Oliver informed the Board Supervisor King has been sworn in and will be designated as an Assistant Secretary. The remaining board members would maintain their current positions, including Supervisor Smith as Chair, Supervisor Thomas as Vice Chair, and Supervisor Henderson as Assistant Secretary. From GMS’s office, for purposes of executing documents between meetings, Jim Perry will serve as Secretary and Treasurer, and Jim Oliver, Darrin Mossing, Marilee Giles and Daniel Laughlin will serve as Assistant Secretaries and Assistant Treasurers.

FIFTH ORDER OF BUSINESS	Consideration of Proposals for Painting
Pirate Ship Playground
Mr. Perry presented two proposals for painting of the pirate ship playground from NE Task Force and Investment Painting. Investment Painting provides a 5-year labor warranty and quoted $3,840. NE Task Force provides a 1-year labor warranty and quoted $2,084.16. Mr. Davidson noted this item is unbudgeted and will be cost shared.
Mr. Thomas asked what the warranty would cover.
Mr. Perry responded labor, such as if the paint has a flaw in it due to their application.

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being nothing to report, the next item followed.
April 20, 2022	Rivers Edge III CDD

District Engineer – Consideration of Work Authorization for Preparation of a Public Facilities Report
Mr. Stilwell presented a proposal for preparation of a public facilities report on an hourly basis for an estimated total of $3,750.

District Manager
Mr. Oliver informed the Board Mr. Jim Perry is returning to serve as the District Manager for both Rivers Edge 2 and Rivers Edge 3. Mr. Oliver will serve as the Assistant District Manager and will fill in if Mr. Perry is not available.
Mr. Oliver also informed the Board the proposed budget for Fiscal Year 2023 will be presented at the May 18th meeting and will be adopted at the August 17th meeting. At the August meeting an assessment roll will certified, and the roll will be submitted to the tax collector.

Operations & Maintenance
Update on Weekly VerdeGo Performance Report
A copy of the notes provided by staff on VerdeGo’s performance over the last month was included in the agenda package for the Board’s review. Mr. Perry noted there has been a small decline for the last week on the report due to an accumulation in weeds in the landscape beds.
Mr. Smith stated that he has noticed the increase in weeds as well and does not want it to get to where it was last year. Mr. Blair assured the Board the team is focused on getting the weeds cleaned up.
Mr. Smith asked if mulching is complete. Mr. Blair responded there are a few spots left to the done.
Mr. Smith stated he has seen quite a bit of Dallas grass around the entry at Keystone that needs to be taken care of. Mr. Blair stated that they have tackled the grass in other areas and will work on Keystone.
April 20, 2022	Rivers Edge III CDD

Pond Report
A copy of Charles Aquatics’ monthly pond service report was included in the agenda package.

Landscape
Report
A copy of VerdeGo’s monthly landscape maintenance report was included in the agenda package. Mr. Blair noted his team has been working on cleanup for the last two days due a recent storm.

Proposals for Consideration
Mr. Blair presented several proposals as follows:
Proposal #7682 to install Bermuda sod at the dog park for a total of $3,850. Mr. Smith asked if the dog park will be shut down for this purpose. Mr. Blair responded that it would be beneficial to let the grass get established. Mr. Smith asked that the residents be notified of the closure.
Proposal #7890 totaling $1,344.93 to install drainage boxes and a drainage pipe along walking path to alleviate washout on adjacent pond bank. Mr. Henderson suggested upgrading to a 6” pipe and Mr. Stilwell concurred.
Proposal #7566 totaling $3,525.88 to remove existing liriope and supplement the river rock. Mr. Blair noted the mulch line item can be removed since the area has just been mulched.
Proposal #7606 totaling $3,747.42 to remove and replace dead palm trees.
Proposal #7370 totaling $2,006.65 to add three grounding points to relieve electrical shortages with the irrigation controller at the roundabout.
Ms. Gentry noted these proposals would be cost shared between all three districts.
Mr. Smith questioned which line item of the budget this type of work would come out of. Mr. Oliver responded typically it would be landscape contingency, however this District does not have such a line item currently. This line item will be added to the FY23 budget.
Mr. Blair stated that he would be willing to substitute the 6” pipe for the 4” at no additional cost.
April 20, 2022	Rivers Edge III CDD

Mr. Blair introduced Mr. Sterling as a new staff member for the community.

SEVENTH ORDER OF BUSINESS	Financial Reports
Balance Sheet and Statement of Revenues and Expenditures
Mr. Oliver provided a brief overview of the financial statements.

Approval of Check Registers
February
March
Copies of the check registers totaling $24.69 for February and $28,271.30 for March were included in the agenda package.

Ratification of Funding Request No. 21
A copy of funding request 21 totaling $21,735.56 was included in the agenda package.

Consideration of Funding Request No. 22
A copy of funding request 22 totaling $264,644.29 was included in the agenda package.

EIGHTH ORDER OF BUSINESS	Supervisor	Requests	and	Audience
Comments
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Next Scheduled Meeting – May 18, 2022 at
9:30	a.m.	at	the	RiverTown	Amenity Center
April 20, 2022	Rivers Edge III CDD

TENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Minutes of Meeting
Rivers Edge, Rivers Edge II and Rivers Edge III Community Development Districts

A special joint meeting of the Board of Supervisors of the Rivers Edge, Rivers Edge II and Rivers Edge III Community Development Districts was held Wednesday, April 20, 2022 at 11:00
a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida.

Present and constituting a quorum were:

Rivers Edge CDD:
Mac McIntyre	Chairman
Erick Saks	Vice Chairman
Frederick Baron	Supervisor
Robert Cameron	Supervisor
Scott Maynard	Supervisor

Rivers Edge II CDD:
D. J. Smith	Vice Chairman
Chris Henderson	Supervisor
Jason Thomas	Supervisor

Rivers Edge III CDD:
D. J. Smith	Vice Chairman
Chris Henderson	Supervisor
Jason Thomas	Supervisor

Also present were:

Marilee Giles	District Manager
Lauren Gentry	District Counsel
Jason Davidson	Vesta/Amenity Services
Clint Waugh	Vesta/Amenity Services
Jonathan Perry	Vesta/Amenity Services
Dan Fagen	Vesta/Amenity Services
Ryan Stillwell	District Engineer
April 20, 2022	Rivers Edge I, II, and III CDDs

The following is a summary of the discussions and actions taken at the April 20, 2022 joint special meeting. An audio copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Giles called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Discussion on Security Services
The board and staff held a shade session on security pursuant to Sections 119.071(3)(a) and 281.301, Florida Statutes. Following the conclusion of the shade session, the board and staff returned to the public meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

FOURTH ORDER OF BUSINESS
 	
Investment Painting Of North Florida

RiverTown
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(904) 307-6649
Investmentpaintingfl@yahoo.com

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FIFTH ORDER OF BUSINESS

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT
ST. JOHN’S COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-19	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
20	
Notes to Required Supplementary Information	21	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	22	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

23-24	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

25	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
26-27	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Rivers Edge III Community Development District St. John’s County, Florida

Report on the Financial Statements
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the accompanying financial statements of the governmental activities and each major fund of Rivers Edge III Community Development District, St. John’s County, Florida (the “District”) as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2021, and the respective changes in financial position thereof for the fiscal year ended September 30, 2021 in accordance with accounting principles generally accepted in the United States of America.
Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District’s basic financial statements. The information for compliance with FL Statute 218.39 (3)
(c) is not a required part of the basic financial statements. The information for compliance with FL Statute
218.39 (3) (c) has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 1, 2022, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 1, 2022
MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Rivers Edge III Community Development District, St. John’s County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2021. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the fiscal year ended September 30, 2021resulting in a net position deficit balance of ($523,066).

The change in the District’s total net position was ($530,585), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2021, the District’s governmental funds reported combined ending fund balances of
$473,040 an increase of $481,738 in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by Developer contributions and intergovernmental revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management), maintenance and recreation functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements The District has one fund category: governmental funds.
OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,			
	2021	2020	
Assets, excluding capital assets	$	522,921	$	87,605	
Capital assets, net of depreciation	9,126,599	-	
Total assets	9,649,520	87,605	
Liabilities, excluding long-term liabilities	202,566	80,086	
Long-term liabilities	9,970,020	-	
Total liabilities	10,172,586	80,086	
Net Position			
Net investment in capital assets	(843,421)	-	
Restricted	309,263	-	
Unrestricted	11,092	7,519	
Total net position	$	(523,066)	$	7,519	
GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position decreased during the most recent fiscal year. The majority of the decrease was due to bond issue costs and interest expense incurred during the current fiscal year.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2021	2020*

Revenues:
Program revenues
Operating grants and contributions

$	173,127	$

83,705
Capital grants and contributions		395,027	515,915 
Total revenues		568,154	599,620  Expenses:
General government	99,487	76,186	
Maintenance and operations	70,032	-	
Culture and recreation	394,986	515,915	
Interest on long-term debt	151,159	-	
Bond issue costs		383,075	-			
Total expenses		1,098,739	592,101 		
Change in net position		(530,585)	7,519 		
Net position - beginning		7,519	-			
Net position - ending	 $	(523,066) $	7,519 		
* For the period from inception March 5, 2020 to September 30, 2020.

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2021 was $1,098,739. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised of Developer contributions and intergovernmental revenues in the current fiscal year. The majority of the increase in expenses results from bond issuance cost an interest expense.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2021 was amended to increase revenues by $104,973 and appropriations by $118,944. Actual general fund expenditures exceeded appropriations by $9,548 for the fiscal year ended September 30, 2021, which was covered by available fund balance.
GENERAL BUDGETING HIGHLIGHTS (Continued)

Capital Assets

At September 30, 2021, the District had $9,126,599 invested in capital assets for its governmental activities. In the government-wide financial statements no depreciation has been taken, which resulted in a net book value of $9,126,599. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2021, the District had $9,880,020 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is expected that the general operations of the District will increase as the District is built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Rivers Edge III Community Development District’s Finance Department at 475 West Town Place, Suite 114, St. Augustine, Florida, 32092.
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2021

	Governmental
	Activities		
ASSETS		
Cash	$	15,039	
Due from Developer	40,919	
Due from other	5,015	
Restricted assets:		
Investments	461,948	
Capital assets:		
Nondepreciable		9,126,599 	
Total assets		9,649,520 	

LIABILITIES		
Accounts payable	49,881	
Accrued interest payable	152,685	
Non-current liabilities:		
Due within one year	200,000	
Due in more than one year		9,770,020 	
Total liabilities		10,172,586 	

NET POSITION		
Net investment in capital assets	(843,421)	
Restricted for debt service	305,972	
Restricted for capital projects	3,291	
Unrestricted		11,092 	
Total net position	 $	(523,066) 	

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Net (Expense) Revenue and Changes in Net
    Program Revenues	Position   
Operating Grants and
Capital Grants and

Governmental
Functions/Programs		Expenses	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	99,487	$	99,487	$	-	$	-	
Maintenance and operations	70,032	-	41	(69,991)	
Culture and recreation	394,986	73,605	394,986	73,605	
Interest on long-term debt	151,159	35	-	(151,124)	
Bond issue costs			383,075		-		-	(383,075)  Total governmental activities		1,098,739	173,127	395,027	(530,585) 

Change in net position	(530,585)	
Net position - beginning		7,519 	
Net position - ending	 $	(523,066) 	

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2021

	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds
ASSETS									
Cash	$	15,039	$	-	$	-	$	15,039	
Investments	-	458,657	3,291	461,948					
Due from Developer	40,919	-	-	40,919					
Due from other	5,015	-	-	5,015					
Total assets	$	60,973	458,657	3,291	$	522,921					

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	49,881	$	-	$	-	$	49,881	
Total liabilities	49,881	-	-	49,881	

Fund balances:
Restricted for:									
Debt service		-		458,657		-		458,657	
Capital projects		-		-		3,291		3,291	
Unassigned		11,092		-		-		11,092	
Total fund balances		11,092		458,657		3,291		473,040	

Total liabilities and fund balances	
$	
60,973	
$	
458,657	
$	
3,291	
$	
522,921	

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
FOR SEPTEMBER 30, 2021

Fund balance - governmental funds	$   473,040
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	9,126,599
Accumulated depreciation		-    9,126,599
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund
statements.	All liabilities, both current and long-term,	are		
reported in the government-wide financial statements.			
Accrued interest payable		(152,685)	
Bonds payable		 (9,970,020)	(10,122,705) 	
Net position of governmental activities		$	(523,066)	

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

	Major Funds		Total
Debt
General	Service
Capital Projects
Governmental Funds
REVENUES									
Developer contributions	$	189,309	$	-	$	-	$	189,309	
Interest	-	35	41	76					
Intergovernmental revenue	394,986	-	-		394,986					
Total revenues	584,295	35	41	584,371					

EXPENDITURES
Current:
General government	99,487	-	-	99,487			
Maintenance and operations	70,032	-	-	70,032			
Culture and recreation
Debt Service:	394,986	-	-	394,986			
Bond issue costs	-	-		383,075	383,075	
Capital outlay	-	-		9,126,599	9,126,599	
Total expenditures	564,505	-		9,509,674	10,074,179	

Excess (deficiency) of revenues over (under) expenditures	

19,790		

35	

(9,509,633)	

(9,489,808)	

OTHER FINANCING SOURCES (USES)						
Original issue premium	-	-	91,546	91,546		
Bond issuance	-	458,622	9,421,378	9,880,000		
Total other financing sources (uses)	-	458,622	9,512,924	9,971,546		

Net change in fund balances	
19,790	
458,657	
3,291	
481,738		
Fund balances - beginning	(8,698)	-	-	(8,698)		

Fund balances - ending	
$	11,092	
$	458,657	
$	3,291	
$	473,040		

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Net change in fund balances - total governmental funds	$	481,738 Amounts reported for governmental activities in the statement of activities
are different because:

Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities
and capitalized in the statement of net position.	9,126,599

Revenues that were unavailable in the governmental funds in the prior
year were recorded in the current fiscal year.	(16,217)

Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long-
term liabilities in the statement of net position.	(9,880,000)

In connection with the issuance of the Bonds, the original issue discount/premium is reported as a financing use/source when debt is first issued, whereas this amount is eliminated in the statement of activities and reduces/increases long-term liabilities in the statement
of net position.	(91,546)

The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities
but not in the fund financial statements.	(152,685)

Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an
expense in the statement of activities.		1,526 

Change in net position of governmental activities	$	(530,585)

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Rivers Edge III Community Development District ("District") was created by Ordinance 2020-07 of the County Commission of St. Johns County, Florida enacted on March 5, 2020 and established pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. Ownership of land within the District entitles the owner to one vote per acre. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2021 one of the Board seats are vacant and the remaining seats are held by affiliates of Mattamy Jacksonville, LLC the (“Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on certain land and all platted lots within the District. Assessments are levied each November 1 on property of record as of the previous January. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

Deposits and Investments (Continued)
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, unspent Bond proceeds are required to be held in investments as specified in the Bond Indentures.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are reported as an expense in the year incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.
NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2021:
Amortized cost	Credit Risk	Maturities
First American Government
Obligations Fund - Class Z	 $	461,948 	S&P AAAm
 $	461,948 
Weighted average of the fund portfolio: 14 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2021 was as follows:
Beginning

Ending

Governmental activities
Capital assets, not being depreciated
Balance
Additions	Reductions
Balance

Infrastructure in progress	$	-	$	9,126,599	$	-	$	9,126,599	
Total capital assets, not being depreciated	-	9,126,599	-	9,126,599	

Governmental activities capital assets, net	
$	-	$	9,126,599	
$	-	$	9,126,599	

The infrastructure intended to serve the District has been estimated at a total cost of approximately $46.8 million. The infrastructure will include drainage and stormwater management, roads, landscaping, and recreational facilities. Upon completion, the roads are to be conveyed to other entities for ownership and maintenance. During the current fiscal year end the District issued Series 2021 Bonds in order to finance the cost of infrastructure improvements associated with Phase 1 of the project. It is estimated that the District will issue additional Bonds in order to fund master infrastructure within the Capital Improvement Plan. In connection with the issuance of the Series 2021 Bonds, the District and the Developer entered into an agreement pursuant to which the Developer agreed to provide funds to complete the Capital Improvement Plan to the extent that proceeds of the Series 2021 Bonds and any other debt of the District are insufficient therefor.

During the current fiscal year, the District paid $9,126,599 to the Developer for the acquisition of infrastructure improvements.

NOTE 6 – LONG-TERM LIABILITIES

Series 2021
On April 7, 2021, the District issued $9,880,000 of Capital Improvement Revenue Bonds, Series 2021 consisting of Term Bonds due ranging from May 1, 2026 to May 1, 2051 and fixed interest rates ranging from 2.4% to 4%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2021 Bonds are subject to optional redemption, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts, and the redemption prices more fully described in the Redemption Provision as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the debt service reserve requirement at September 30, 2021.
NOTE 6 – LONG-TERM LIABILITIES (Continued)

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2021 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities Bonds payable:
Series 2021	

$	-	$	

9,880,000	

$	-	

$	9,880,000	

$	200,000	
Plus: Original issue premium	-	91,546	1,526	90,020	-	
Total	$	-	$	9,971,546	$	1,526	$	9,970,020	$	200,000	

At September 30, 2021, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
	Governmental Activities	
  September 30:	Principal	Interest	Total	
2022	$	200,000	$	358,647	$	558,647	
2023	205,000	346,050	551,050	
2024	210,000	341,130	551,130	
2025	215,000	336,090	551,090	
2026	220,000	330,930	550,930	
2027-2031	1,200,000	1,558,350	2,758,350	
2032-2036	1,425,000	1,352,002	2,777,002	
2037-2041	1,685,000	1,084,952	2,769,952	
2042-2046	2,035,000	747,800	2,782,800	
2047-2051		2,485,000	306,100	2,791,100 
Total	 $	9,880,000	$	6,762,051	$	16,642,051 

NOTE 7 – DEVELOPER TRANSACTIONS

The Developer has agreed to fund the general operations of the District and the Developer made contributions of $189,309. The District is owed $40,919 from the Developer as of September 30, 2021.

NOTE 8 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims since inception of the District.

NOTE 11 – COST SHARE AGREEMENT

The District is a party to a cost sharing agreement with Rivers Edge Community Development District (“Rivers Edge”) and Rivers Edge Community Developer Districts II (“Rivers Edge II”) whereby all three Districts are to share various maintenance and amenity center related costs. During the current year the District recognized
$394,986 of revenues and $394,986 of expenses associated with the cost share agreement.
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

	

		Budgeted Amounts	 Original	Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)		
REVENUES
Developer contributions	
$	436,013	$	540,986	
$	189,309	
$	(351,677)		
Intergovernmental revenue	-	-	394,986	394,986		
Total revenues	436,013	540,986	584,295	43,309	

EXPENDITURES
Current:
General government	178,400	297,344	99,487	197,857	
Maintenance and operations	-	-	70,032	(70,032)	
Culture and recreation	257,613	257,613	394,986	(137,373)	
Total expenditures	436,013	554,957	564,505	(9,548)	

Excess (deficiency) of revenues over (under) expenditures	

 $	-	$	(13,971) 	

19,790	

 $	33,761 		
Fund balance - beginning			(8,698) 			
Fund balance - ending		 $	11,092 			

See notes to required supplementary information
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2021 was amended to increase revenues by $104,973 and appropriations by $118,944. Actual general fund expenditures exceeded appropriations by $9,548 for the fiscal year ended September 30, 2021 which was covered by available fund balance.
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) UNAUDITED

Element	Comments	
Number of district employees compensated at 9/30/2021	0	
Number of independent contractors compensated in September 2021	10	
Employee compensation for FYE 9/30/2021 (paid/accrued)	0	
Independent contractor compensation for FYE 9/30/2021	$591,697.67	
Construction projects to begin on or after October 1; (>$65K)		
Series 2021	See schedule	
Budget variance report	See page 20 of annual financial report	
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2021	Operations and maintenance - N/A	
	Debt service - N/A	
Special assessments collected FYE 9/30/2021		
Outstanding Bonds:		
Series 2021, due May 1, 2051,	see Note 6 for details	
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Rivers Edge III Community Development District St. John’s County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Rivers Edge III Community Development District, St. John’s County, Florida (the “District”) as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 1, 2022.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 1, 2022
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Rivers Edge III Community Development District St. John’s County, Florida

We have examined Rivers Edge III Community Development District, St. John’s County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2021. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2021.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Rivers Edge III Community Development District, St. John’s County, Florida and is not intended to be and should not be used by anyone other than these specified parties

June 1, 2022
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Rivers Edge III Community Development District St. John’s County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Rivers Edge III Community Development District ("District") as of and for the fiscal year ended September 30, 2021, and have issued our report thereon dated June 1, 2022.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 1, 2022, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Rivers Edge III Community Development District, St. John’s County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Rivers Edge III Community Development District, St. John’s County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 1, 2022
REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None.

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2020.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2021.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2021.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2021. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 22.

SIXTH ORDER OF BUSINESS

A.

Proposal: RECDD II Kayak Replacement Proposal

Is the cost for this"'Ork intended to be shared?

Yes (Please proceed to question 2)
□No, the entire cost will be paid by: [Choose One]
(Please leave remainder of fonn blank)

2.  If yes, please check one of the following:

D This work was reviewed by the engineer and methodology consultant and jointly they have determined the costs are "Shared Costs", as defined in the JnterlocaL Agreement, and such Shared Costs are budgeted expenses in the current fiscal year budget.

This work is for a new or supplemental area, service, or improvement that was not previousJy budgeted as Shared Costs and/or were not budgeted items for the current fiscal year and require immediate funding. (Please attach the Cost-Share Request Form).

[End of Cover Sheet}
COST SHARE REQUEST

This cost share request (the "Request") shall be subject to and governed by the terms of that certain
Tri-Party lnterlocal and Cost Share Agreement Regarding Shared Improvement Operation and Maintenance Services and Providingfor the Joint Use of Amenity Facilities, dated November 1, 2019, as may be amended from time to time (''Interlocal Agreement").

Requesting Party: Rivers Edge II COD

Request:
□Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)
ii Addition of new improvements (Methodology Consultant and Engineer must sign)
Please identify the scope of supplemental services or describe the additional improvements requested to be added. Attach service maps that clearly identify new or enhanced maintenance areas. Attach additional sheets if necessary:
This is for the purchase of new kayaks to replace theones1hat were damaged. Three kayaks in total will be nee-ded-.
----
Thetotal Proposed Compensation will need to be completd following the consideration of quotes andas to which vendor

is chosen to purchase the kayaks from.

Total Proposed
Compensation:	$	

Cost Share
Calculation:		Rivers Edge
	 Rivers Edge 11
	Rivers Edge II[

Methodology
Consultant Approval:		 (Signature)

(Date)
lf requesting addition of new improvements:
Engineer
Approval:		 (Signature)

(Date)
[Please attach this page for supplemental maintenance services for existing improvements]

The wldersigned  Parties hereby consent to the Request as specified herein, and agree that the aforementioned supplemental maintenance services shall be subject to and governed by the Interlocal Agreement.

RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT

B□y:	­
Chair D Vice-Chair, Board of Supervisors Date:	

RIVERS EDGE II COMMUNlTY DEVELOPMENT DISTRICT

B□y:	­
Chair□Vice-Chair, Board of Supervisors Date:	

RIVERS EDGE III COD

By:	
□Chair □ Vice-Chair, Board of Supervisors

Date:	·

Request for Funds
Date of request: 05/18/22	Submitted by: Johnathan Perry

Equipment Replacement:

Three of the District owned and rented out tandem kayaks have been damaged. Due to, what look like, normal wear and tear, they have developed a leak. This appears to be from damage to the nose of the kayak. To ensure the safety of the residents, we would like to request ordering replacement kayaks.

Vendor	Cost per	Total	
Academy Sports	$499.00	$1,497.00	
Florida WaterSports	$769.00	$2,307.00	
Amazon	$829.00	$2,487.00	
Dick's Sporting Goods	$699.00	$2,097.00	

Should you have any comments or questions feel free to contact me directly.

Kayaks
Academy

Florida Watersport (online)

Amazon

Dick’s

B.

,..._
COST-SHARE STATUS COVER SHEET
Instructions to Staff: Please complete this.form and attach as a cover sheet to each proposal presented for approval.

RECDD II Pond 8 Light Replacement
Proposal: 	 _		

Is the cost for this work intended to be shared?

'1!I Yes (Please proceed to question 2)

□ No, the entire cost will be paid by: [Choose One]
(Please leave remainder of form blank)

If yes, please check one of the following:

D This work was reviewed by the engineer and methodology consultant and jointly they have determined the costs are "Shared Costs", as defmed in the Interlocal Agreement, and such Shared Costs are budgeted expenses in the current fiscal year budget.

This work is for a new or supplemental area, service, or improvement that was not previously budgeted as Shared Costs and/or were not budgeted items for the current fiscal year and require immediate funding. (Please attach the Cost-Share Request Form).

[End of Cover Sheet]
COST SHARE REQUEST

This cost share request (the "Request") shall be subject to and governed by the tenns of that certain
Tri-Party lnterlocal and Cost Share Agreement Regarding Shared Improvement Operation and Maintenance Services and Providing for the Joint Use of Amenity Facilities, dated November 1, 2019, as may be amended from time to time ("lnterlocal Agreement"),

Requesting Party: Rivers Edge 11  CDD
Request:	0 Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)
ii Addition of new improvements (Methodology Consultant and Engineer must sign)
Please identify the scope of supplemental services or describe the additional improvements requested to be added. Attach service maps that clearly identify new or enhanced maintenance areas. Attach additional sheets if necessary:
This is for the repair and replacement of three lights in Pond 8 on Keystone Corners across from WaterSong.

Total Proposed
Compensation:	$2,890.00

Cost Share
Calculation:		Rivers Edge
	Rivers Edge II
	Rivers Edge IIT

Methodology
Consultant Approval:			 (Signature)

(Date)
If requestinll addition of new imm·ovements:
Engineer
Approval:			 (Signature)

(Date)
[Please attach this page for supplemental maintenance services for existing Improvements]

The undersigned Parties hereby consent to the Request as specified herein, and agree that the aforementioned supplemental maintenance services sha11 be subject to and governed by the lnterlocal Agreement.

RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT

By:
Chair	Vice-Chair, Board of Supervisors

Date:·

RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT

By: 	_
□Chair□ Vice-Chair, Board of Supervisors
Date:	

RIVERS EDGE III CDD

B□y:	­
Chair □Vice-Chair, Board of Supervisors Date: 	

This agreement dated		 is made between Charles Aquatics, Inc., a Florida Corporation, and

Name	 Rivers Edge CDD (RiverTown) c/o Johnathan Perry	

Address	 160 River Glade Run	

City	 St Johns	 State	 FL	 Zip	 32259	

Phone	 904-307-8313	 Fax		
E-mail	 JPerry@vestapropertyservices.com	

Hereinafter called “CLIENT”.

Charles Aquatics, Inc., agrees to provide fountain repair services in accordance with the terms and conditions of this Agreement at the following location(s): RiverTown Pond 8 Fountains 1 & 2

CLIENT agrees to pay Charles Aquatics, Inc. , the following sum(s) for the listed fountain services:

Pond 8 Fountain 1 Lights Repair: Install New LED Light Kit, Two 43W Cool White LED Light Fixtures. 2 Year Warranty

$	1,445.00

Pond 8 Fountain 2 Lights Repair: Install New LED Light Kit, Two 43W Cool White LED Light Fixtures. 2 Year Warranty

$	1,445.00

Total $ 2,890.00

This quote is valid for 60 days.

4/28/22		
Representative of Charles Aquatics, Inc.	Date	Customer Signature	Date

Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256 (904) 997-0044 Fax: (904) 807-9158

SEVENTH ORDER OF BUSINESS
RESOLUTION 2022-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Rivers Edge III Community Development District (“District”) prior to June 15, 2022, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190 and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 170, 190 and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the “District’s Office,” Governmental Management Services- North Florida, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein.  The preliminary
assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one more installments pursuant to a bill issued by the District in November of 2022, and pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:
DATE:	August 17, 2022
HOUR:	4:30 p.m.
LOCATION:	RiverTown Amenity Center 156 Landing Street
St. Johns, Florida 32259

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

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in St. Johns County. Additionally, notice of the public hearings shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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

PASSED AND ADOPTED THIS 15TH DAY OF JUNE, 2022.

ATTEST:	RIVERS EDGE III COMMUNITY
DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

Rivers Edge III Community Development District

Proposed Budget Fiscal Year 2023

Rivers Edge III
Community Development District

TABLE OF CONTENTS

General Fund Budget	Page 1

General Fund Narrative	Page 2-4

Series 2021 Debt Service Fund Budget	Page 5

Series 2021 Amortization Schedule	Page 6-7

Assessments Allocation	Page 8
Rivers Edge III
Community Development District
General Fund Operating Budget

	Adopted
Budget	Actuals
as of	Projected
Next 4	Total
Projected	Proposed
Budget	
Description	FY2022	5/31/22	Months	9/30/22	FY2023	

Revenues						
Assessments	$	138,244	$	138,978	$	-	$	138,978	$	145,202	
Developer Contributions	$	512,928	$	426,696	$	210,005	$	636,701	$	631,761	
Total Revenues	$  651,172	$  565,674	$ 210,005	$	775,679	$	776,963	

Expenditures						
Administrative						
Engineering	$	1,875	$	2,406	$	1,000	$	3,406	$	1,875	
Arbitrage	$	600	$	-	$	600	$	600	$	600	
Dissemination Agent	$	3,500	$	2,192	$	1,167	$	3,358	$	3,500	
Attorney	$	25,000	$	14,203	$	9,102	$	23,305	$	25,000	
Trustee Fees	$	4,000	$	-	$	4,000	$	4,000	$	4,000	
Management Fees	$	22,500	$	15,000	$	7,500	$	22,500	$	28,000	
Annual Audit	$	4,500	$	2,500	$	-	$	2,500	$	4,500	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Information Technology	$	1,800	$	800	$	400	$	1,200	$	1,200	
Website Administration	$	1,200	$	1,050	$	600	$	1,650	$	1,800	
Telephone	$	150	$	95	$	25	$	120	$	150	
Postage	$	175	$	103	$	70	$	173	$	175	
Printing & Binding	$	1,000	$	326	$	450	$	776	$	1,000	
Insurance	$	5,500	$	5,175	$	-	$	5,175	$	5,822	
Legal Advertising	$	1,500	$	117	$	1,200	$	1,317	$	1,500	
Other Current Charges	$	500	$	412	$	350	$	762	$	800	
Office Supplies	$	150	$	18	$	70	$	88	$	150	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Website Administration/Compliance	$	1,963	$	800	$	800	$	1,600	$	1,600	
Total Administrative	$	81,088	$	50,371	$	27,334	$	77,705	$	86,847	

Grounds Maintenance						
Landscape Maintenance	$	76,905	$	126,807	$	61,016	$	187,823	$	104,317	
Lake Maintenance	$	2,200	$	4,739	$	2,004	$	6,743	$	7,000	
Electric	$	4,590	$	6,661	$	9,992	$	16,653	$	1,800	
Sewer/Water/Irrigation	$	12,500	$	8,578	$	4,289	$	12,867	$	13,800	
Cost Share Landscaping- Rivers Edge	$	129,731	$	64,866	$	64,866	$	129,731	$	179,286	
Total Grounds Maintenance	$  225,926	$  212,546	$ 142,166	$	353,817	$	306,203	

Amenity Center						
Cost Share Amenity- Rivers Edge	$	261,848	$	130,874	$	130,974	$	261,848	$	327,421	
Cost Share Amenity- Rivers Edge II	$	82,310	$	41,155	$	41,155	$	82,310	$	56,493	
Total Amenity Center	$  344,158	$  172,029	$ 172,129	$	344,158	$	383,913	
						
Total Expenditures	$  651,172	$  434,946	$ 341,629	$	775,680	$	776,963	
						
Excess Revenues (Expenditures)	$	-	$  130,728	$ (131,623)	$	(0)	$	0	
						
		Lot
Size	
Units	Per
Unit Gross	Gross
Assessments	
		40'-49' Lot	63	$  1,220.98	$	76,922	
		60'-69' Lot	47	$  1,649.97	 $	77,549 	
Total Gross Assessments	$	154,470					
Less: Discounts 6%	 $	9,268 					
Total Net Assessments	 $	145,202 					
Rivers Edge III Community Development District
General Fund

REVENUES:
Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund a portion of the General Operating Expenditures for the fiscal year. These are collected on the St. Johns County Tax Roll for platted lands. Unplatted lands are direct billed to the landowner.

Developer Contributions
The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Engineering Fees
The District’s engineering firm, Prosser, Inc, will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District’s legal counsel, Hopping Green and Sams, will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Trustee Fees
The Trustee at U.S. BANK administers the District’s Series 2021 Capital Improvement Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.
Rivers Edge III Community Development District
General Fund

Assessment Administration
Annual fee to Governmental Management Services, LLC for preparation of Assessment Roll.
Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). The amount is based upon prior year’s premiums.

Legal Advertising
The District is required to advertise various notices for Board meetings, public hearings etc. in a newspaper of general circulation

Other Current Charges
This includes bank charges and any other miscellaneous expenses that are incurred during the year by the District.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for
$175. This is the only expense under this category for the District.
Rivers Edge III Community Development District
General Fund

Grounds Maintenance:
Landscape Maintenance
The District contracted with Yellowstone to maintain common areas around the District.

Lake Maintenance
The District is in contract with Charles Aquatics, Inc for future ponds coming live in FY22.

Electric
Estimated costs for electric billed to the District by FPL.

Location	Account	Monthly	Annual	
435 Meadow Creek Dr #IRR	1915301335	$	50	$	600	
Contingency for new accounts		$	100	$	1,200	
Total			$	1,800	

Sewer/Water/Irrigation
Estimated costs for water, sewer, and irrigation billed to the District by JEA.

Location	Account	Monthly	Annual	
300 Dahlia Falls Dr	89882808	$	750	$	9,000	
438 Meadowcreek Dr	89241610	$	250	$	3,000	
Contingency for new accounts		$	150	$	1,800	
Total			$  13,800	

Cost Share- Landscaping Rivers Edge
Shared costs with Rivers Edge CDD for landscaping. Cost share is based on future development and estimated costs.

Amenity Center:

Cost Share- Amenity Rivers Edge
Shared costs with Rivers Edge CDD for amenities. Cost share is based on future development and estimated costs.

Cost Share- Amenity Rivers Edge II
Shared costs with Rivers Edge II CDD for amenities. Cost share is based on future developmentand estimated costs.
Rivers Edge III
Community Development District
Series 2021 Debt Service Budget

	Adopted
Budget	Actuals
as of	Total
Projected	Proposed
Budget	
Description	FY2022	5/31/22	9/30/22	FY2023	

Revenues					
Special Assessments	$ 550,800.00	$	551,362	$ 551,362.00	$	550,800	
Interest Income	$	1,000	$	204	$	400	$	1,000	
Carryforward Surplus	$	183,222	$	183,257	$	183,257	$	183,222	
Total Revenues	$	735,022	$	734,823	$	735,019	$	735,022	

Expenditures					
Interest Expense 11/1	$	183,222	$	183,222	$	183,222	$	173,025	
Principal Expense 5/1	$	200,000	$	200,000	$	200,000	$	205,000	
Interest Expense 5/1	$	175,425	$	175,425	$	175,425	$	173,025	
Total Expenditures	$	558,647	$	558,647	$	558,647	$	551,050	
					
Excess Revenues/(Expenditures)	$	176,375	$	176,176	$	176,372	$	183,972	

Interest Payment 11/1/23	
$	
170,565			
		Gross	Gross		
Development	Units	Per Unit	Assessments		

40'-49' Lot	
288	
$900	
$259,200		
50'-59' Lot	57	$1,104	$62,928		
60'-69' Lot	115	$1,200	$138,000		
70'-79' Lot	43	$1,500	$64,500		
80'+ Lot	36	$1,705		$61,380 		
Gross Total			$586,008		
Less Disc. +	Collections 6%		($35,208)		
Net Annual	Assessment		$550,800		
Rivers Edge III
Community Development District
Series 2021 Capital Improvement Revenue Bonds

AMORTIZATION SCHEDULE

11/01/22			$173,025	$	548,450	
05/01/23	$9,680,000	$205,000	$173,025		
11/01/23			$170,565	$	548,590	
05/01/24	$9,475,000	$210,000	$170,565		
11/01/24			$168,045	$	548,610	
05/01/25	$9,265,000	$215,000	$168,045		
11/01/25			$165,465	$	548,510	
05/01/26	$9,050,000	$220,000	$165,465		
11/01/26			$162,825	$	548,290	
05/01/27	$8,830,000	$225,000	$162,825		
11/01/27			$159,450	$	547,275	
05/01/28	$8,605,000	$235,000	$159,450		
11/01/28			$155,925	$	550,375	
05/01/29	$8,370,000	$240,000	$155,925		
11/01/29			$152,325	$	548,250	
05/01/30	$8,130,000	$245,000	$152,325		
11/01/30			$148,650	$	545,975	
05/01/31	$7,885,000	$255,000	$148,650		
11/01/31			$144,825	$	548,475	
05/01/32	$7,630,000	$265,000	$144,825		
11/01/32			$140,188	$	550,013	
05/01/33	$7,365,000	$275,000	$140,188		
11/01/33			$135,375	$	550,563	
05/01/34	$7,090,000	$285,000	$135,375		
11/01/34			$130,388	$	550,763	
05/01/35	$6,805,000	$295,000	$130,388		
11/01/35			$125,225	$	550,613	
05/01/36	$6,510,000	$305,000	$125,225		
11/01/36			$119,888	$	550,113	
05/01/37	$6,205,000	$315,000	$119,888		
11/01/37			$114,375	$	549,263	
05/01/38	$5,890,000	$325,000	$114,375		
11/01/38			$108,688	$	548,063	
05/01/39	$5,565,000	$335,000	$108,688		
11/01/39			$102,825	$	546,513	
05/01/40	$5,230,000	$350,000	$102,825		
11/01/40			$96,700	$	549,525	
05/01/41	$4,880,000	$360,000	$96,700		
11/01/41			$90,400	$	547,100	
Rivers Edge III
Community Development District
Series 2021 Capital Improvement Revenue Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
05/01/42	$4,520,000	$375,000	$90,400		
11/01/42			$82,900	$	548,300	
05/01/43	$4,145,000	$390,000	$82,900		
11/01/43			$75,100	$	548,000	
05/01/44	$3,755,000	$405,000	$75,100		
11/01/44			$67,000	$	547,100	
05/01/45	$3,350,000	$425,000	$67,000		
11/01/45			$58,500	$	550,500	
05/01/46	$2,925,000	$440,000	$58,500		
11/01/46			$49,700	$	548,200	
05/01/47	$2,485,000	$460,000	$49,700		
11/01/47			$40,500	$	550,200	
05/01/48	$2,025,000	$475,000	$40,500		
11/01/48			$31,000	$	546,500	
05/01/49	$1,550,000	$495,000	$31,000		
11/01/49			$21,100	$	547,100	
05/01/50	$1,055,000	$515,000	$21,100		
11/01/50			$10,800	$	546,900	
05/01/51	$540,000	$540,000	$10,800		
11/01/51				$	550,800	

	$9,680,000  $6,403,500  $	16,458,925 

Rivers Edge III Community Development District FY 2023 Operations and Maintenance Methodology Equivalent Residential Unit Allocation
Assessments per Unit - Net and Gross														

Current	Future	
FY 2023	FY 2023
Per Unit	FY 2023
Per Unit	FY 2022
Per Unit	Increase Per Unit	Increase Per Unit								
ERU	Platted	Planned	Total	Total	Budget	Net	Gross	Gross	Gross	Gross								
Land Use / Product Type	per Unit	Units	Units		Units	ERU's	%	Allocation	Assessment	Assessment	Assessment	Assessment	Assessment	
Townhomes	0.62	0	104		104	64.48	4.28%	$0	$0.00	$0.00	$0.00	$0.00	0	
Single Familiy - 40'-49' Lot	0.75	63	823		886	655.64	43.56%	$72,306	$1,147.72	$1,220.98	$1,162.47	$58.51	5.03%	
Single Familiy - 50'-59' Lot	0.92	0	135		135	117.45	7.80%	$0	$0.00	$0.00	$0.00	$0.00	0%	
Single Familiy - 60'-69' Lot	1	47	365		412	412	27.37%	$72,896	$1,550.97	$1,649.97	$1,570.90	$79.06	5.03%	
Single Familiy - 70'-79' Lot	1.25	0	121		121	145.2	9.65%	$0	$0.00	$0.00	$0.00	$0.00	0%	
Single Familiy - 80'+ Lot	1.42	0	83		83	110.39	7.33%	$0	$0.00	$0.00	$0.00	$0.00	0%	
Total			110 		1631 		  1,741 		1,505 	100.00%		$145,202 						
FY 2022 Budget:														
Administrative	$86,847													
Field and Grounds	$306,203													
Amenity Center	$383,913													
Less: Dev contr		-$631,761 													
		$145,202 													

8

EIGHTH ORDER OF BUSINESS
AMENDMENT TO THE AGREEMENT FOR DISTRICT MANAGEMENT SERVICES

This Amendment (the “Amendment”) to the Agreement for District Management Services, dated April 15, 2020 as amended from time to time (the “Contract”) is made effective as of the 18th day of May 2022, by and between:

Rivers Edge III Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes having a mailing address of 475 West Town Place, Suite 114, St. Augustine, Florida 32092 (the “District”); and

Governmental Management Services, L.L.C., a Florida limited liability company, with offices located at 475 West Town Place, Suite 114, St. Augustine, Florida 32092 (the “Manager”).

RECITALS

WHEREAS, the District and the Manager previously entered into the Contract for the provision of district management services; and

WHEREAS, the District and the Manager wish to amend the Contract to include an E-Verify provision, a financial advisor disclaimer, an updated address for notices sent to the District, a public records provision, and a revised indemnification provision; and

WHEREAS, the parties now desire to amend the Contract to provide accordingly.

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

RECITALS. The foregoing recitals are true and correct and by this reference are incorporated as a material part of this Amendment.

AMENDED ADDRESS FOR NOTICES. All notices required under the Contract shall be sent by certified mail, return receipt requested, or express mail with proof of receipt. If sent to the District, notice shall be sent to:

Rivers Edge III Community Development District c/o District Counsel
KE Law Group, PLLC
2016 Delta Boulevard, Suite 101
Tallahassee, Florida 32303

AMENDED INDEMNIFICATION PROVISION. The indemnification provision set forth in the General Terms and Conditions of the Contract is replaced with the following:

To the extent allowable under applicable law and except to the extent caused by the gross negligence or willful misconduct of the District, the Manager agrees to defend (if required by the District), indemnify and hold the District and its supervisors, agents, employees, representatives, successors and assigns (together, the “District Indemnitees”) harmless from and against any and all demands,
claims, causes of action, proceedings, obligations, settlements, liabilities, damages, injunctions, penalties, liens, losses, charges and expenses of every kind or nature (including, without limitation, reasonable fees of attorneys and other professionals retained by the District in the event Manager fails to retain counsel to represent the District Indemnitees, who is reasonably acceptable to the District), incurred by the District Indemnitees arising out of or in connection with: (i) any management servicesto be provided by the Manager pursuant to this Contract; (ii) any failure by Manager to perform any of its obligations under this Contract; (iii) any accident, injury or damage to property or persons, if caused by the acts or omissions of Manager or Manager’s officers, partners, employees, contractors, subcontractors, invitees, representatives, or agents; (iv) any and all accidents or damage that may occur in connection with Managers or Manager’s officers, employees, contractors, subcontractors, invitees, representatives, or agents’ use of the District’s property; (v) any failure of Manager or Manager’s officers, employees, contractors, subcontractors, invitees, representatives, or agents to comply with any applicable codes, laws, ordinances, or governmental requirements, agreements, approvals, or permits affecting District property; and (vi) any other negligent, reckless, and/or intentionally wrongful acts or omissions of the Manager or its officers, partners, employees, contractors, subcontractors, invitees, representatives, or agents. The indemnification provided for herein shall not be deemed exclusive of any other rights to which the District Indemnitees may be entitled and shall continue after the Manager has ceased to be engaged under this Contract. The provisions of this paragraph shall survive the expiration or sooner termination of this Contract.

To the extent the Manager or its officers, partners, employees, contractors, subcontractors, invitees, representatives, or agents (together, the “Manager Indemnitees”) are serving as the District’s employees, officers, or agents pursuant to the terms, conditions and requirements of this Contract, and as may be allowable under applicable law (and without waiving the limitations of liability set forth in Section 768.28, Florida Statutes), the District agrees to indemnify, defend, and hold harmless the Manager Indemnitees from and against any and all liability, claims, actions, suits, demands, assessments or judgments asserted and any and all losses, liabilities, damages, costs, court costs, and expenses, including attorney's fees, that Manager Indemnitees may hereafter incur, become responsible for, or be caused to pay out arising out of or relating to the grossly negligent or intentionally wrongful acts or omissions of the District, except to the extent caused, in whole or in part, by the negligence or recklessness and/or willful misconduct of the Manager Indemnitees. The District’s obligation to defend, indemnify, and hold harmless the Manager Indemnitees as set forth herein shall not exceed the monetary limits of any endorsement listing the Manager or Manager Indemnitees as an additional insured party under the District’s insurance policy. If there is no such endorsement, the District’s defense, indemnity, and hold harmless obligations as set forth in this Section shall not exceed the monetary limitations of liability set forth in Section 768.28, Florida Statutes. The indemnification provided for herein shall not be deemed exclusive of any other rights to which the Manager may be entitled and shall continue after the Manager has ceased to be engaged under this Contract.
FINANCIAL SERVICES DISCLAIMER. The District acknowledges that the Manager is not a Municipal Advisor or Securities Broker, nor is the Manager registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, the District acknowledges that the Manager will not provide the District with financial advisory services or offer investment advice.

E-VERIFY. Effective immediately, the Manager shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statutes, Manager shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees and shall comply with all requirements of Section 448.095, Florida Statutes, as to the use of subcontractors. The District may terminate the Contract immediately for cause if there is a good faith belief that the Manager has knowingly violated Section 448.091, Florida Statutes. By entering into this Amendment, the Manager represents that no public employer has terminated a contract with the Manager under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Amendment.

PUBLIC RECORDS. Manager acknowledges that the Contract and all the documents pertaining thereto may be public records and subject to the provisions of Chapter 119, Florida Statutes.

IF THE MANAGER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE MANAGER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (904) 940-5850 OR BY EMAIL AT JPERRY@GMSNF.COM OR BY REGULAR MAIL AT 475 WEST TOWN PLACE, SUITE 114, ST. AUGUSTINE, FLORIDA 32092.
AUTHORITY. By execution below, the undersigned represent that they have been duly authorized by the appropriate body or official of their respective entity to execute this Amendment, and that the respective parties have complied with all requirements of law and have full power and authority to comply with the terms and provisions of this Amendment.

CONFLICTS. The Contract remains in full force and effect, except to the extent expressly amended pursuant to this Amendment.

[Signatures on following page]

IN WITNESS WHEREOF, the parties have caused this instrument to be executed by their duly authorized officers to be effective as of the day and year first above written.

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

By:	 Name:	 Title:	

GOVERNMENTAL MANAGEMENT SERVICES, L.L.C

By:	 Name:	 Title:	

NINTH ORDER OF BUSINESS
RESOLUTION 2022-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND APPROVING CHANGE OF DESIGNATED REGISTERED AGENT AND REGISTERED OFFICE.

WHEREAS, the Rivers Edge III Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns County, Florida; and

WHEREAS, the District is statutorily required to designate a registered agent and a registered office location for the purposes of records keeping and accepting any process, notice, or demand required or permitting by law to be served upon the District in accordance with Section 189.014(1), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT:

Section 1. James Perry is hereby designated as Registered Agent for the Rivers Edge III Community Development District.

Section 2. The District's Registered Office shall be located at Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

Section 3. In accordance with Section 189.014(1), Florida Statutes, the District’s Secretary is hereby directed to file certified copies of this resolution with St. Johns County and the Florida Department of Economic Opportunity.

Section 4. This Resolution shall become effective on upon its adoption.

PASSED AND ADOPTED THIS 15TH DAY OF JUNE 2022.

ATTEST:

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary	Chairman, Board of Supervisors

TENTH ORDER OF BUSINESS
RESOLUTION 2022-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, Rivers Edge III Community Development District (“District”) is a local unit of special- purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns County, Florida; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT:

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS. The Board is currently made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Jason Thomas	2022	
2	Vacant	2024	
3	Chris Henderson	2022	
4	Amber King	2024	
5	D.J. Smith	2022	

This year, Seat 1, currently held by Jason Thomas, Seat 3, currently held by Chris Henderson, and Seat 5, currently held by D.J. Smith, are subject to election by landowners in November 2022. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 8th day of November, 2022, at   _.m., and located at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida 32259.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.
FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its June 15, 2022 meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the District’s Local Records Office / office of the District Manager, located at Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092, (904) 940-5850.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 15TH DAY OF JUNE, 2022.

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY
EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within Rivers Edge III Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 887 acres, located north of the St. Johns River, west of County Road 210, east of the Rivers Edge Community Development District and south of Greenbriar Road in unincorporated St. Johns County, Florida advising that a meeting of landowners will be held for the purpose of electing three (3) people to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE:	NOVEMBER 8, 2022
TIME:		 _.M.
PLACE:	RiverTown Amenity Center 156 Landing Street
St. Johns, Florida 32259

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092, (904) 940-5850 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

Jim Perry District Manager
Run Date(s): 	 & 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT
INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS’ MEETING: Tuesday, November 8, 2022
TIME:   :   _.M.
LOCATION:  RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida 32259

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.
LANDOWNER PROXY

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 8, 2022

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Rivers Edge III Community Development District to be held at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida, on November 8, 2022, at  :  _.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner				
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes (2021), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).
OFFICIAL BALLOT
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
LANDOWNERS’ MEETING - NOVEMBER 8, 2022

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Rivers Edge III Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]
or

Attach Proxy.
I,		,	as	Landowner,	or	as	the	proxy	holder	of
	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
1			
3			
5			

Date: 		Signed: 	
Printed Name: 	

ELEVENTH ORDER OF BUSINESS

B.

Rivers Edge, Rivers Edge II & Rivers Edge III
COMMUNITY DEVELOPMENT DISTRICTs

20-Yr Stormwater Needs Analysis Report

Prepared for:

BOARD OF SUPERVISORS RECDD, REIICDD, REIIICDD

June 14, 2022

13901 Sutton Park Drive South, Suite 200 Jacksonville, Florida 32224
Ph (904) 739-3655 - Fax (904) 739-3413
Cert. Of Auth. 00004050

TABLE OF CONTENTS

Page
TABLE OF CONTENTS	ii
LIST OF EXHIBITS	iii
1.0	INTRODUCTION	4
2.0	GENERAL	4
ATTACHMENTS	6
LIST OF EXHIBITS

Exhibit No.	Title	
1	Existing Stormwater Facilities – Overall
Map	

1.0	INTRODUCTION
Located in the northwestern portion of St. Johns County, Florida, the development known as RiverTown is comprised of three (3) Community Development Districts: Rivers Edge Community Development District (“RECDD"), Rivers Edge II Community District (“REIICDD”) and Rivers Edge III Community Development District (“REIIICDD”), collectively the “Districts”. RECDD is a local special purpose government entity established in 2006. RECDD contains approximately 1,688 acres of land all located within St. Johns County, Florida. REIICDD is a local special purpose government entity established in 2018. REIICDD contains approximately 886 acres of land all located within St. Johns County, Florida. REIIICDD is a local special purpose government entity established in 2020. The REIIICDD contains approximately 989 acres of land all located within St. Johns County, Florida. Each of the Districts provides a long-term solution to the operation and maintenance of the community stormwater facilities. Given that the Districts are currently managed via the same management company and are utilizing the same engineers and vendors, the 2022 Stormwater Needs Analysis has been combined for the Districts to review the RiverTown Community as a whole.

GENERAL
As part of the 2021 regular session, the Florida Legislature recognized the need for a long‐ term planning process for stormwater and wastewater. Section 403.9302, Florida Statutes, requires a 20‐year needs analysis from the local governments providing stormwater services. The guidelines for this report indicated that because this planning document is forward‐looking, it will necessarily include a large number of assumptions about future actions. These assumptions should be based on any available information coupled with best professional judgment of the individuals completing the document. As such, the information compiled within the following report is based upon previous construction plans, site visits, on-going stormwater maintenance activities, historical cost data and future anticipated stormwater maintenance costs.

Stormwater Facilities
The stormwater facilities consist of stormwater ponds to capture and treat stormwater runoff from developed areas and control structures that regulate the volume of water detained and detention periods. The storm sewer conveyance system will remove surface drainage from the roadways via curb and gutter, swales/ditches, storm inlets and culvert pipes that will collect and convey surface drainage to existing stormwater detention ponds.
Hickory Creek Elementary School Switzerland Pt. Middle School
13

43
Publix Site
42

Master Plan 2022

39A
40	41

39B

Welcome Center

Borrow Pit (Rec Pond)

RECDD 1 Boundary
RECDD 2 Boundary
RECDD 3 Boundary

37
38	37A
36
EA Site

35
34

32
45	28	21
33	30
22
45	29

1

2

3

48

4

9	17	7
Bartram Trail	49
High School

48	48
Existing Stormwater Ponds Future Stormwater Ponds Stormwater Discharge

S

44

P opo P oint 
S

Park
26	27
46

26
ommunity Park	45	24
25

Existing Riverfront Park

50
48

17

11	16

20

15	15

14
15	19

N
June 13, 2022
Existing Fishing Pier
RiverClub

47B

C

S
S

14
47A

ST. JOHNS 
210
COUNTY 
0	500´  1000´	2000´
S S
S
S  S  S
13
16A

113094.09

Site plan is conceptual in nature and is merely an artist’s rendition. This plan is solely for illustrative purposes and should never be relied upon. ©2022 Mattamy Homes. All rights reserved.

ATTACHMENTS
Stormwater Needs Analysis Parts 1-4

Stormwater Needs Analysis Parts 5-8

6

Indicate the type of local government:		
	Municipality	
	County	
	Independent Special District	

On a scale of 1 to 5, with 5 being the highest, please indicate the importance of each of the following goals for your program:							
0	1	2	3	4	5		

	Drainage & flood abatement (such as flooding events associated with rainfall and hurricanes)						
	Water quality improvement (TMDL Process/BMAPs/other)						
	Reduce vulnerability to adverse impacts from flooding related to increases in frequency and
duration of rainfall events, storm surge and sea level rise						
	Other:						

							

●

●

●

If Yes:			
	How many years does the plan(s) cover?	ON‐GOING	
	Are there any unique features or limitations that are necessary to understand what the plan does or does
not address?		
	
NO; THE PLAN IS AN ON‐GOING PLAN PER SJRWMD PERMITS AND REQUIRED MAINTENANCE		

●

If Yes, does it include 100% of your facilities?		
If your AM includes less than 100% of your facilities, approximately what percent of your
facilities are included?		
●

●

●

Please provide answers to the following questions regarding your stormwater system inventory. Enter zero (0) if your system does
not include the component.				
	Number	Unit of
Measurement		
	Estimated feet or miles of buried culvert:	10,000.00	feet	
	Estimated feet or miles of open ditches/conveyances (lined and unlined) that are maintained by the
stormwater program:	
2,500.00	
feet	
	Estimated number of storage or treatment basins (i.e., wet or dry ponds):	67		
	Estimated number of gross pollutant separators including engineered sediment traps such as baffle
boxes, hydrodynamic separators, etc. :	
0		
	Number of chemical treatment systems (e.g., alum or polymer injection):	0		
	Number of stormwater pump stations:	0		
	Number of dynamic water level control structures (e.g., operable gates and weirs that control canal
water levels):	
0		
	Number of stormwater treatment wetland systems:	0		
	Other:			
	The Districts owns a significant number of wetland systems that convey water, but are			
	not part of the stormwater treatment system. These systems are within			
	Conservation Easements in favor of the SJRWMD. Any resident requested			
	maintenance issues within the wetland systems are addressed by the Districts.			

Other B

Independent Special Districts:		
	If an independent special district’s boundaries are completely aligned with a county or a municipality, identify tha
jurisdiction here:	
	N/A	

Given the volume of services, jurisdictions should use the template’s service groupings rather than reporting the current and projected cost of each individual service.
Therefore, for the purposes of this document, “services” means:		
1.

2.	Routine operation and maintenance (inclusive of the items listed in Part 1.3 of this document, ongoing administration, and non‐structural programs)	
	Expansion (that is, improvement) of a stormwater management system.	

Expansion means new work, new projects, retrofitting, and significant upgrades. Within the template, there are four categories of expansion projects.		
1.
2.

3.

4.	Flood protection, addressed in parts 5.2 and 5.3… this includes capital projects intended for flood protection/flood abatement	
	Water quality, addressed in part 5.2 and 5.3… this includes stormwater projects related to water quality improvement, such as BMAPs; projects to benefit
natural systems through restoration or enhancement; and stormwater initiatives that are part of aquifer recharge projects	
	Resiliency, addressed in part 5.4… this includes all major stormwater initiatives that are developed specifically to address the effects of climate change, such
as sea level rise and increased flood events	
	End of useful life replacement projects, addressed in part 6.0… this includes major expenses associated with the replacement of aging infrastructure	

Routine Operation and Maintenance	Expenditures (in $thousands)
	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	
Operation and Maintenance Costs	83	436	458	480	504	
Brief description of growth greater than 15% over any 5‐year period:						
NA						

●

Expansion Projects with a Committed Funding Source
Flood Protection

Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

Water Quality	Expenditures (in $thousands)
Project Name (or, if applicable, BMAP Project
Number or ProjID)	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

●

●

Expansion Projects with No Identified Funding Source
Flood Protection

Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

Water Quality	Expenditures (in $thousands)
Project Name (or, if applicable, BMAP Project
Number or ProjID)	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

Please indicate which resources or documents you used to complete table 5.3 (check all that apply).						

	Stormwater Master Plan					
	Basin Studies or Engineering Reports					
	Adopted BMAP					
	Adopted Total Maximum Daily Load					
	Regional or Basin‐specific Water Quality Improvement Plan or Restoration Plan					
	Specify:					
	Other(s):					

Resiliency Projects with a Committed Funding Source	Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

Resiliency Projects with No Identified Funding Source	Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

●

●

End of Useful Life Replacement Projects with a Committed Funding Source
Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	
Future outfall, roadway culvert repairs		45	60	75	90	

						
						
End of Useful Life Replacement Projects with No Identified Funding Source
Expenditures (in $thousands)
Project Name	LFY 2021‐2022	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

						

Note that for this table:		
●
●

●
●
●	Expenditures for local fiscal year 2020‐21 can be estimated based on the most current information if final data is not yet available.	
	Current Year Revenues include tax and fee collections budgeted for that fiscal year as well as unexpended balances from the prior year (balance forward or
carry‐over) unless they are earmarked for the rainy day or a dedicated reserve as explained in the following bullets.	
	Bond proceeds should reflect only the amount expended in the given year.	
	A reserve is a dedicated account to accumulate funds for a specific future expenditure.	
	An all‐purpose rainy day fund is a type of working capital fund typically used to address costs associated with emergencies or unplanned events.	

Routine O&M
	Total	Funding Sources for Actual Expenditures							
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All‐Purpose Rainy Day Fund		Contributions to Reserve Account	Balance of Reserve Account	
2016‐17	TBD								
2017‐18	TBD								
2018‐19	TBD								
2019‐20	TBD								
2020‐21	83,340	83,340							

Expansion
	Total	Funding Sources for Actual Expenditures							
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All‐Purpose Rainy Day Fund		Contributions to Reserve Account	Balance of Reserve Account	
2016‐17									
2017‐18									
2018‐19									
2019‐20									
2020‐21									

Resiliency
	Total	Funding Sources for Actual Expenditures							
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All‐Purpose Rainy Day Fund		Contributions to Reserve Account	Balance of Reserve Account	
2016‐17									
2017‐18									
2018‐19									
2019‐20									
2020‐21									

Replacement of Aging Infrastructure
	Total	Funding Sources for Actual Expenditures							
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All‐Purpose Rainy Day Fund		Contributions to Reserve Account	Balance of Reserve Account	
2016‐17									
2017‐18									
2018‐19									
2019‐20									
2020‐21									

Committed Funding Source	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	
Maintenance	436	458	480	504	
Expansion	0	0	0	0	
Resiliency	0	0	0	0	
Replacement/Aging Infrastructure	45	60	75	90	
Total Committed Revenues (=Total Committed Projects)	481	518	555	594	

No Identified Funding Source	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	
Maintenance	0	0	0	0	
Expansion	0	0	0	0	
Resiliency	0	0	0	0	
Replacement/Aging Infrastructure	0	0	0	0	
Projected Funding Gap (=Total Non‐Committed Needs)	0	0	0	0	

Strategies for New Funding Sources	2022‐23 to
2026‐27	2027‐28 to
2031‐32	2032‐33 to
2036‐37	2037‐38 to
2041‐42	

					

Total	0	0	0	0	

Remaining Unfunded Needs	0	0	0	0	

C.

April 27, 2022

Rivers Edge Ill COD
Attn: Courtney Hogge, Recording Secretary c/o Governmental Mgmt. Services
475 West Town Place, Suite 114 St. Augustine, FL 32092

Dear Ms. Hogge:

In response to your request regarding Section 190.006(3)(a)(2)(d), Florida Statutes, the following information is applicable for:

Rivers Edge Ill COD

99 registered voters in St. Johns County

This number is based on the streets within the legal description on file with this office as of April 15, 2022.

Please contact us if we may be of further assistance. Sincerely,
ii???
Supervisor of Elections

VO/ew

4455 Avenue A  #l0L• St Augustine, FL 32095 • P 904.823.2238 • F 904.823.2249 • vvww.sjcv\Jtcs.us

D.

1.
RECDD I, II and III Landscape Deficiency Report

Contracted Item Description	January	February	March	April	May	June																					
	1/3-1/9	1/10-1/16	1/17-1/23	1/24-1/30	1/31-2/6	2/7-2/13	2/14-2/20	2/21-2/27	2/28-3/6	3/7-3/13	3/14-3/20	3/21-3/27	3/28-4/3	4/4-4/10	4/11-4/17	4/18-4/24	4/25-5/1	5/02-5/08	5/09-5/15	5/16-5/22	5/23-5/29	5/30-6/05	6/06-6/12	6/13-6/19	6/20-6/26		

Reporting & Communication	Contractor shall provide to management a written report of work
performed for each week with notification of any problem areas and a schedule of work for the upcoming month. (Friday each week) (pg3)	
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	Contractor shall then within the time period specified by the District Representative, or if no time is specified within forty-eight
(48) hours, explain in writing what actions shall be taken to remedy the deficiencies. (Tuesday each week) (pg3)	

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	A representative of the grounds maintenance service crew will
report to the on-site management office immediately upon arrival to the site. A representative shall report to the on-site management upon departure from site. (pg 19)	
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	Ground maintenance supervisor and a representative of the District will inspect the entire property subject to this agreement once per month. (pg 19)	
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Mowing, Edging & Trimming	This schedule shall state how many mowings per week during the
growing season and dormant season. Notwithstanding the above, at no time will the turf grasses be allowed to grow beyond the following: Bermuda grass beyond a maximum height of two (2) inches; St. Augustine grasses beyond four and one half (4 1/2) inches; and Zoysia grasses beyond four (4) inches (pg 14)																										
	Mow Bermuda Turf– March 1- November 1 - Once a week and
November 1- March 1 – Once a month. (pg 14)	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	1	3				
	Mow St. Augustine Turf – March 1- November 1 – Once a week and November 1- March 1 – Once every two weeks. (pg 14)	
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	Mow Zoysia Turf - March 1- November 1 – Once a week and
November 1- March 1 – Once every two weeks. (pg 14)	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	1	3				
	Mow Bahia Turf - March 1 - November 1 – Once every two week
and November 1- March 1 – Once a month (pg 14)	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	1	3				
Turf Management	Contractor is to include with its bid a detailed annual maintenance program to ensure optimum quality and performance of Bermuda St. Augustine, Zoysia and Bahia grasses. In addition to a detailed mowing schedule, program is to include detailed timed events such as fertilization, aeration and thatch removal. (pg 14)	

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Pond Areas	Pond areas will be maintained within three (3) feet of the water’s edge unless otherwise directed by the District. Vegetation within three feet of the water’s edge will be controlled with use of a string/line trimmer or other mechanical means. Vegetation within these limits should be maintained in a clean condition with the rise and fall of the water line. (pg 15)	

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	Any trash debris in the water within arm’s reach of Contractor shall
be removed and disposed of offsite. (pg 15)	5	5	4	3	4	4	3	3	3	3	4	4	4	3	4	3	2	3	3	3	4	4				

Tree & Shrub Care	Trees, hedges, plants, vines, and shrubs shall be pruned by Contractor on an ongoing basis removing broken or dead limbs at least once (1x) a month or more, as necessary, to provide a neat and clean appearance. All the plant beds around the pond perimeters are to be maintained in the same manner as all other plant beds within the community. (pg 16)	

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	Ornamental grasses will be cut back once a year in late winter. (pg
16)			5	5	5	5	5																			
	All deciduous trees shall be pruned when dormant to ensure
proper uniform growth. (pg 16)			5	5	5	5	5																			
	All evergreen trees shall be pruned in the early summer and fall to ensure proper growth and proper head shape. (pg 16)																										
	Sucker growth at the base of all trees shall be removed by hand continuously throughout the year. Aesthetic pruning shall consist of the removal of dead and/or broken branches as often as necessary to have trees appear neat at all times. (pg 16)	

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	Branches and limbs shall be kept off buildings, including roofs, sign
wall structures, and pruned over sidewalks and parking lots so as not to interfere with pedestrians or cars. (This is to include maintaining a minimum of six to eight (6-8) feet of clearance under all limbs over sidewalks and ten to twelve (10-12) feet clearance above all driveways and ROW’s depending on location and species of tree.) Hedges, shrubs and ground covers are to be maintained twelve to eighteen (12-18) inches away from buildings, fences and
other structures. (pg 17)	

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	Trim buffer area along the Riverfront Park - Trimming of buffer
area to four (4) feet high from the south lookout north 3,200 feet to the extent of the cleared portion of park. This to include any saplings, Sabal Palmetto fronds above four (4) feet and tall weeds. (pg 17)			

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	Trim County Road 244 Woodline – Trim all overhanging vegetation
on R/W line and walks to eight (8) feet high along the length of County Road 244 (pg 17)			
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Weeds & Grasses	All groundcover and turf areas shall be kept reasonably free of weeds and grasses and be neatly cultivated and maintained in an orderly fashion at all times. (pg 17) Ground covers may grow to approximately three to four (3-4) inches in height. Foliage free space is to be maintained between all ground covers and other plants, plant beds, trees, walls or other unintended areas. (pg 18)	

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	All shrub and bed areas shall be maintained each mowing service by removing all trash and other undesirable material and debris to keep the area neat and tidy. All ornamental beds, hedge areas and tree rings shall be kept weed (and sod) free throughout the year. This is to be accomplished through hand pulling or the careful application of a pre-emergent herbicide. (pg 17)	

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	All fence lines shall be kept clear of weeds, undesirable vines and
overhanging limb (pg 17).	4	4	4	4	4	4	4	4	5	4	4	5	4	4	4	3	4	4	4	4	3	3				
Maintenance
of Paved Areas	All paved areas (including sidewalk expansion/contraction joints,
curb and gutters and driveways) shall be kept weed and clutter free. (pg 18)	
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	All areas (including streets, curbs and gutter and gate areas) shall
be regularly policed for trash and other debris, including dead animals. (pg 18)	
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Clean Up	At no time will Contractor leave the premises after completion of any work in any type of disarray. All clippings, trimmings, debris, dirt or any other unsightly material shall be removed promptly upon completion of work. (pg 18)	

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	During leaf drop season, leaves and pine needles will be raked or blown from turf, plant beds, and parking lots and removed from site. Pine straw is to be maintained away from foundations of buildings. Contractor is responsible for keeping six (6) inches of the building fountain exposed at all times in all mulch beds. Turf areas are to be cleared of litter and debris before mowing
begins. Plant beds will be policed for litter and debris during each property visit.	

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Fertilization	Bahia Sod (pg 21)																										
	March: A complete fertilizer based on soil test + Pre- M									5																	
	April: Nitrogen (Soluble Nitrogen applied at 0.5 lbs. N/1,000 SF)														5												
	June: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 )																										
	August: Fe for foliar application, use ferrous sulfate (2 oz./ 3-5 gal.
H2O/1,000 SF)																										
	October: A complete fertilizer based on soil tests + Pre-M																										
	Bermuda Sod (pg 21)																										
	March: A complete fertilizer based on soil test + Pre- M									5																	
	April: Nitrogen (Soluble Nitrogen applied at 0.5 lbs. N/1,000 SF)														5												
	May: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 SF)																										
	July: A complete fertilizer based on soil tests																										
	August: Fe for foliar application, use ferrous sulfate (2 oz./ 3-5 gal.
H2O/1,000 SF)																										
	September: SRN (Slow Released Nitrogen applied at 1.0 lbs.
N/1,000 SF)																										
	October: A complete fertilizer based on soil tests + Pre-M																										
	St. Augustine Sod: (pg 21)																										
	February: A complete fertilizer based on soil test + Pre- M					5																					
	April: Nitrogen (Soluble Nitrogen applied at 0.5 lbs. N/1,000 SF)														5												
	May: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 SF)																										
	July: A complete fertilizer based on soil tests																										
	August: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 SF)																										
	October: A complete fertilizer based on soil tests + Pre-M																										
	Zoysia Sod: (pg 21)																										
	February: A complete fertilizer applied at 1.0 lbs.N/1,000 SF
Containing 50% solubleand 50% Slow release N + Pre- M					5																					
	April: Nitrogen (Soluble Nitrogen applied at 0.5 lbs. N/1,000 SF)														5												
	May: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 SF)																										
	July: SRN (Slow Released Nitrogen applied at 1.0 lbs. N/1,000 SF)																										
	September: Soluble Nitrogen applied at 0.5 lbs. N/1,000 SF)																										
	October: A complete fertilizer applied at 1.0 lbs. N/1,000 SF
Containing 50% soluble and 50% Slow release N + Pre- M																										
	Contractor shall submit a fertilizer label to the District’s
Representative for approval prior to application. (pg 22).				3	5				5				5	5	5											
	Shrub, Tree & Groundcover Fertilization: (pg 22)																										
	Three (3) times a year – (March, June, and October) A complete
fertilizer (formula may vary according to soil test results) at a rate of 4-6 lbs. N/1,000 SF / year. (A minimum of 50% Nitrogen shall be in slow-release form)									
5				
5													
	Palm Fertilization: (pg 23)																										
	All Palms shall be fertilized according Best Management Practices and University of Florida IFAS Extension guidelines 100% of the N, K & Mg MUST be in slow release form.																										

Pest Control	Insects and Disease in Turf: Insect and disease control spraying in
turf shall be provided by Contractor every month (or as needed if not required – Contractor shall consult with District’sDesignee if insect/ disease control is not required) with additional spot treatment as needed. (pg 25).	

3	

3	

3	

4	

4	

4	

4	

3	

3		

5	

5	

3	

4	

4	

4	

5	

5	

4	

4	

3	

3				
	Insects and Disease Control for Trees, Palms and Plants:
Contractor is responsible for treatment of insects and diseases for all plants. (pg 26)	
3	
3	
3	
4	
4	
4	
4	
4	
3		
5	
5	
4	
4	
4	
4	
3	
4	
4	
3	
3	
3				
	If at any time the District should become aware of any pest problems, it will be Contractor’s responsibility to treat pest within five (5) working days of the date of notification. (pg 26)			
2																
3							
	Fire Ant Control - Contractor is required to inspect the entirety of the property each visit for evidence of fire ant mounds and immediately treat upon evidence of active mounds. (pg 27)	
2	
2	
2	
3	
3	
4	
3	
4	
4	
5	
4	
5	
3	
4	
4	
5	
4	
4	
4	
4						

Irrigation	Contractor shall inspect and test the irrigation system components at least one (1) time per month and include a written report. (pg 28)	
5	
5	
5	
4	
4	
4	
4	
4	
5	
5	
5	
5	
5	
5	
5	
5	
5	
5	
5	
4	
5	
5				
	Shrubs, groundcovers, and turf around sprinkler heads shall be
trimmed to maintain maximum clearance, at all times for the greatest coverage. (pg 28)	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
4	
5	
4	
4	
4	
4	
2	
4				
	Contractor will keep detailed irrigations reports consisting of run
times and correct operation of system. A copy of these reports will be maintained by Contractor and copies delivered to the District Representative or his designee, along with the weekly report. (pg 29)	

4	

4	

4	

4	

4	

4	

4	

3	

3	

3	

5	

5	

4	

3	

3	

3	

1	

1	

2	

3	

3	

3				

Mulching	Contractor shall top dress all currently landscaped areas as shown on the maintenance map (landscaped beds & tree rings) with Brown Cypress Mulch or Pine Straw, depending on the landscape area, once (1x) per year during the month of April unless a different installation time is directed by the District. In doing so, Contractor shall ensure that all mulched areas are brought to a minimum depth of three (3) inches. (pg 29)														

5	

5	

5	

2	

3	

2	

3	

3	

3				
	Contractor agrees to provide reasonably neat and defined lines
along edges of all mulched areas. This is done to facilitate mechanical edging of these areas. Additionally, Contractor shall properly trench all bed lines adjacent to concrete surfaces.
Trenches shall be three (3) inches deep and beveled. Mulched beds on slopes adjacent to turf shall also be trenched to a depth of three
(3) inches and beveled to reduce mulch washout.Any mulch “volcanoes” around tree trunks shall be corrected immediately at
no additional cost to Owner. (pg 30)	

4	

4	

4	

4	

4	

5	

5	

4	

4	

4	

5	

5	

5	

5	

4	

4	

4	

4	

4	

4	

4	

4				

Annuals	Contractor shall replace approximately Two thousand four hundred (2,400) annuals in four (4) inch pots up to four (4) times per year in designated areas noted on the service area map and maintain annuals to ensure a healthy appearance. (pg 30)																

5	

5									
	Contractor will remove dead or dying annuals before the
appearance of such annuals could be reasonably described as an eyesore. If the beds are left bare prior to the next planting, Contractor will keep such beds free of weeds at all times until the next planting rotation occurs. (pg 30)	

4	

4	

4	

3	

4	

5	

4	

5	

5	

4	

4	

4	

3	

3	

5	

5	

5	

4	

4	

3	

3	

3				
Pal ms	All Sabal palms shall be pruned once (1x) a year in a uniform ten to
two (10-2) cut. (pg 31)																										

	Total Items	29	29	34	31	33	30	30	28	32	26	28	28	30	34	30	30	30	29	30	29	28	28	0	0	0	
	Total Possible Points	145	145	170	155	165	150	150	140	160	130	140	140	150	170	150	150	150	145	150	145	140	140	0	0	0	
	Total Actual Points	121	121	141	127	143	132	124	116	137	112	128	132	127	147	122	126	110	116	114	111	77	91	0	0	0	
	
% of Total Possible Points	83%	83%	83%	82%	87%	88%	83%	83%	86%	86%	91%	94%	85%	86%	81%	84%	73%	80%	76%	77%	55%	65%	#DIV/0!	#DIV/0!	#DIV/0!	

2.

_	6869 Phillips Parkway Drive S  Jacksonville, FL 32256
Fax: 904-807-9158	Phone: 904-997-0044
Service Report

Date : May 31, 2022	Field Techs: Mike Liddell / Justin Powers

Client: RiverTown

Pond A: Treated perimeter vegetation and algae.

Pond B: Treated perimeter vegetation.

Pond C: Perimeter grass is decaying.

Pond D: Treated perimeter grasses.

Pond E: Applied algaecide around edge of pond.

Pond G: Applied pond dye.

Pond H: Treated algae around entire pond.

Pond I: Treated perimeter vegetation and algae.

Pond J: Perimeter vegetation is decaying. Algae is forming around decay.

Pond K: Treated algae and perimeter vegetation.

Pond L: Pond is in good condition, no algae noticed.

Pond M: Pond is in good condition, no algae or trash noticed. Fountain was running at time of visit.

Pond Q: Previous treatment appears effective, pond in good condition.

Pond R: Picked up minor trash, pond looks good.

Pond S: Treated for perimeter weeds.

Pond T: Previous treatment was effective, pond is in good condition.

Pond U: Pond in good condition, no algae noticed.

Pond V: Treated for algae growth and submersed weeds.

Pond W: Applied algaecide and pond dye.

Pond X: (Homestead) Treated pennywort.

Pond Y: (behind model homes) Pond looks good, previous treatment effective.

Pond Z: (behind pond K) Treated algae around pond.

Pond AA: (Homestead) Treated perimeter vegetation.

Pond BB: (Homestead) Treated perimeter vegetation and algae.

Pond CC: Previous treatment was effective, pond looks good.

Pond DD: Removed trash, previous treatment effective.

Pond EE: Previous treatment was effective.

Pond FF: Pond was being drained for construction, picked up minor trash.

Pond GG: Pond in good condition, treated for perimeter weeds.

Pond HH: Pond looks good, picked up trash.

Pond II: Pond in good condition, previous treatments effective.

Pond JJ: Treated perimeter vegetation.

Pond KK: Applied pond dye.

Pond LL: Previous treatment was effective, no algae noticed.
Pond MM: Picked up minor trash.

Pond NN: Perimeter grasses are decaying.

Pond OO: Pond looks good.

Pond PP: Treated for algae and perimeter weeds.

Pond QQ: Previous treatment effective, pond looks good.

Pond RR: Pond in good condition no algae or trash noticed.

Pond SS: Applied algaecide.

Pond TT: Treated perimeter vegetation.

Pond UU: Treated cattails.

Pond VV: Treated algae and removed trash.

Pond WW: pond in good condition, no trash or algae noticed.

Pond XX: Pond was drained, no algae noticed.

Pond 7 (front): Pond looks great, previous treatments effective.

Pond River Club 1: Treated vegetation.

Pond River Club 2: Treated vegetation.

Pond 1: (Water Song) Treated algae.

Pond 2: Pond needs treatment but access was too wet to drive through, sprinklers are very good in that area.

Pond 3: Treated algae.

Pond 4: Treated perimeter vegetation and algae.

Pond 5: Applied pond dye.

Pond 6: Applied pond dye.

Pond 7: Applied pond dye.

Pond 8: Treated algae.

Pond 9: Treated algae.

Pond 10: Spot treated cattails.

Pond 11: Removed some trash around pond. Lots of builder trash around entire area.

Pond 12: Pond in good condition, water level low.

Pond 13: Treated cattails.

E.

Landscape Maintenance Report May

Irrigation:
Irrigation is currently running at 3x per week. The dry weather during the month has caused some hot spots that are being hand watered throughout the day.
Some areas of Zoiysa and Bermuda are running more frequently due to the different needs of this turf type. We are shutting down the system as needed for rainfall.
Irrigation is being run during the day to water in any fertilization as we work toward greening up the turf areas.

Maintenance:
As warmer temperatures arrive we have a flush of spring weeds in bed areas. The extra fertilization has caused a flush in dallas grass in the turf. This is being managed by hand removal in affected areas.
The preemergent application coupled with the mulch is helping to keep weeds in check in most bed areas. We have the maintenance crews and detail staff working on weeds and we are supplementing with large tank spraying of the larger beds.
Bed detailing is being focused on, detail trimming throughout the community is looking good.
Lake bank beds are being addressed and sprayed on rotation to help keep weed growth down
Mowing is on target and we are working on keeping the cart and walking paths edged more frequently to avoid encroachment.

Mulch is complete, Welcome center will be touched up this week around the splash pad.

Turf and Chemical applications:

The turf fertilization is going well with most of the turf responding favorably to the new program. Zoiysa in Homestead parks is not responding as fast as other areas.
We are spot treating fungus in the turf where we have seen it. Cooler nigh time temperatures are still around and the high amount of nitrogen we are putting down can drive fungus in the turf.
Dry spots are being addressed with the irrigation.

Annuals:

Annuals are doing well and providing great color throughout the community. We are applying a fertilizer and fungicide to help promote growth and color.

TWELFTH ORDER OF BUSINESS

A.

Rivers Edge III
Community Development District
Unaudited Financial Reporting May 31, 2022
Rivers Edge III
Community Development District Combined Balance Sheet
May 31, 2022

Governmental Fund Types
Debt	Capital	Totals
	General			Service			Projects		(Memorandum Only)
Assets:
Cash	
$99,100		
---		
---		
$99,100	
Due From Developer	$20,700		---		---		$20,700	
Due From Other	$5,387		---		---		$5,387	
Custody
Series 2021
Reserve	$38,980

---		---

$275,400		---

---		$38,980

$275,400	
Revenue	---		$176,138		---		$176,138	
Capital Interest	---		$38		---		$38	
Acquisition & Construction	---		---		$3,292		$3,292	
Total Assets		$164,167 			$451,576 			$3,292 			$619,036 	

Liabilities:
Accounts Payable	

$20,700		

---		

---		

$20,700	
Due to Rivers Edge CDD- Utilities	$1,131		---		---		$1,131	
Due to Other	$515		---		---		$515	
Fund Balances:
Restricted for Debt Service	
---		
$451,576		
---		
$451,576	
Restricted for Capital Projects	---		---		$3,292		$3,292	
Unassigned	$141,822		---		---		$141,822	
Total Liabilities and Fund Equity		$164,167 			$451,576 			$3,292 			$619,036 	
Rivers Edge III
Community Development District Statement of Revenues & Expenditures For The Period Ending May 31, 2022

ADOPTED
Description	BUDGET	PRORATED BUDGET
THRU 5/31/22	
ACTUAL THRU 5/31/22	

VARIANCE		

Revenues:					
Developer Contrubutions	$512,928	$426,696	$426,696	$0	
Assessments-Tax Roll	$138,244	$138,244	$138,978	$735	
Miscellaneous Income	$0	$0	$2	$2	
Total Revenues	$651,172	$564,939	$565,676	$736	

Expenditures					
Administrative					
Engineering	$1,875	$1,875	$2,406	($531)	
Arbitrage	$600	$400	$0	$400	
Dissemination Agent	$3,500	$2,333	$2,192	$142	
Attorney	$25,000	$16,667	$14,203	$2,463	
Trustee Fees	$4,000	$2,667	$0	$2,667	
Management Fees	$22,500	$15,000	$15,000	$0	
Annual Audit	$4,500	$4,500	$2,500	$2,000	
Assessment Administration	$5,000	$5,000	$5,000	$0	
Information Technology	$1,800	$1,200	$800	$400	
Website Administration	$1,200	$800	$1,050	($250)	
Telephone	$150	$100	$95	$5	
Postage	$175	$117	$103	$14	
Printing & Binding	$1,000	$667	$326	$341	
Insurance	$5,500	$5,500	$5,175	$325	
Legal Advertising	$1,500	$1,000	$117	$883	
Other Current Charges	$500	$333	$412	($79)	
Office Supplies	$150	$100	$18	$82	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Website Administration/Compliance	$1,963	$1,308	$800	$508	
Total Administrative	$81,088	$59,742	$50,371	$9,370	

Grounds Maintenance					
Landscape Maintenance	$76,905	$76,905	$126,807	($49,902)	
Lake Maintenance	$2,200	$2,200	$4,739	($2,539)	
Electric	$4,590	$4,590	$6,661	($2,071)	
Sewer/Water/Irrigation	$12,500	$8,333	$8,578	($245)	
Cost Share Landscaping- Rivers Edge	$129,731	$86,487	$64,866	$21,622	
Repair & Replacements	$0	$0	$895	($895)	
Total Field Operations	$225,926	$178,516	$212,546	($34,030)	

Amenity Center					
Cost Share Amenity- Rivers Edge	$261,848	$130,924	$130,874	$50	
Cost Share Amenity- Rivers Edge II	$82,310	$41,155	$41,155	$0	
Total Field Operations	$344,158	$172,079	$172,029	$50	
					
Total Expenditures	$651,172	$410,336	$434,946	($24,610)	
					
Excess Revenues/Expenses	$0		$130,730		
Net Change in Fund Balance	$0		$130,730		
Fund Balance - Beginning	$0		$11,092		
					
Fund Balance - Ending	$0		$141,822		
Rivers Edge III Community Development District
General Fund
Month By Month Income Statement Fiscal Year 2022
	October	November	December	January	February	March	April	May	June	July	August	September	Total	

Revenues:
Developer Contributions	

$15,947	

$26,888	

$20,725	

$28,296	

$27,760	

$21,736	

$264,644	

$20,700	

$0	

$0	

$0	

$0	

$426,696	
Assessments-Tax Roll	$0	$23,544	$64,520	$26,837	$10,420	$8,695	$4,963	$0	$0	$0	$0	$0	$138,978	
Miscellaneous Income/Interest	$0	$0	$0	$0	$0	$0	$1	$0	$0	$0	$0	$0	$2	
Total Revenues	$15,947	$50,432	$85,245	$55,133	$38,180	$30,431	$269,608	$20,700	$0	$0	$0	$0	$565,676	

Expenditures:														
Administrative Engineering	
$225	
$687	
$410	
$457	
$628	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$2,406	
Arbitrage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dissemination Agent	$150	$292	$292	$292	$292	$292	$292	$292	$0	$0	$0	$0	$2,192	
Attorney	$2,690	$1,857	$2,817	$2,547	$2,706	$1,587	$0	$0	$0	$0	$0	$0	$14,203	
Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Management Fees	$1,875	$1,875	$1,875	$1,875	$1,875	$1,875	$1,875	$1,875	$0	$0	$0	$0	$15,000	
Annual Audit	$0	$0	$0	$0	$0	$0	$0	$2,500	$0	$0	$0	$0	$2,500	
Assessment Administration	$0	$0	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Information Technology	$100	$100	$100	$100	$100	$100	$100	$100	$0	$0	$0	$0	$800	
Website Administration	$0	$150	$150	$150	$150	$150	$150	$150	$0	$0	$0	$0	$1,050	
Telephone	$0	$15	$27	$0	$8	$19	$26	$0	$0	$0	$0	$0	$95	
Postage	$4	$2	$84	$1	$4	$1	$3	$4	$0	$0	$0	$0	$103	
Printing & Binding	$56	$15	$12	$28	$38	$112	$42	$23	$0	$0	$0	$0	$326	
Insurance	$5,175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,175	
Legal Advertising	$117	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$117	
Other Current Charges	$44	$48	$48	$47	$45	$74	$49	$58	$0	$0	$0	$0	$412	
Office Supplies	$9	$0	$0	$0	$6	$0	$3	$0	$0	$0	$0	$0	$18	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Website Administration/Compliance	$0	$0	$400	$0	$0	$400	$0	$0	$0	$0	$0	$0	$800	
Total Administrative	$10,619	$5,042	$11,214	$5,496	$5,851	$4,609	$2,539	$5,002	$0	$0	$0	$0	$50,371	
Grounds Maintenance Landscape Maintenance	

$15,590	

$13,893	

$13,893	

$15,523	

$15,442	

$21,957	

$15,254	

$15,254	

$0	

$0	

$0	

$0	

$126,807	
Lake Maintenance	$465	$1,340	$465	$465	$501	$501	$501	$501	$0	$0	$0	$0	$4,739	
Electric	$0	$0	$13	$15	$6,590	$14	$14	$14	$0	$0	$0	$0	$6,661	
Sewer/Water/Irrigation	$3,065	$1,195	$1,390	$810	$595	$392	$414	$716	$0	$0	$0	$0	$8,578	
Cost Share Landscaping- Rivers Edge	$0	$0	$32,433	$0	$0	$32,433	$0	$0	$0	$0	$0	$0	$64,866	
Repair & Replacements	$0	$895	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$895	
Total Grounds Maintenance	$19,120	$17,323	$48,194	$16,813	$23,128	$55,297	$16,184	$16,486	$0	$0	$0	$0	$212,546	

Amenity Center
Cost Share Amenity- Rivers Edge	

$0	

$0	

$65,437	

$0	

$0	

$65,437	

$0	

$0	

$0	

$0	

$0	

$0	

$130,874	
Cost Share Amenity- Rivers Edge II	$0	$0	$20,578	$0	$0	$20,578	$0	$0	$0	$0	$0	$0	$41,155	
Total Amenity Center	$0	$0	$86,015	$0	$0	$86,015	$0	$0	$0	$0	$0	$0	$172,029	
														
Total Expenditures	$29,739	$22,365	$145,422	$22,309	$28,979	$145,921	$18,722	$21,488	$0	$0	$0	$0	$434,946	
														
Excess Revenues (Expenditures)	($13,792)	$28,067	($60,177)	$32,824	$9,200	($115,490)	$250,885	($788)	$0	$0	$0	$0	$130,730	
Rivers Edge III
Community Development District Debt Service Fund - Series 2021 Statement of Revenues & Expenditures For The Period Ending May 31, 2022

ADOPTED	PRORATED
BUDGET	
ACTUAL		
Description	BUDGET	THRU 5/31/22	THRU 5/31/22	VARIANCE	

Revenues:					
Assessments - Tax Roll	$106,308	$106,308	$106,873	$565	
Assessments - Direct	$444,492	$444,492	$444,488	($3)	
Interest Income	$1,000	$667	$204	($462)	
Carryforward Surplus	$183,222	$0	$0	$0	
Total Revenues	$735,022	$551,467	$551,566	$99	

Expenditures					
Series 2021
Interest 11/1	
$183,222	
$183,222	
$183,222	
$0	
Interest 5/1	$200,000	$200,000	$200,000	$0	
Principal 5/1	$175,425	$175,425	$175,425	$0	
Total Expenditures	$558,647	$558,647	$558,647	$0	
					
Excess Revenues (Expenditures)	$176,375	($7,180)	($7,081)	$99	
					
Net Change in Fund Balance	$176,375	($7,180)	($7,081)	$99	
					
Fund Balance - Beginning	$0		$458,657		
					
Fund Balance - Ending	$176,375		$451,576		
		
Reserve	
$275,400		
		Revenue	$176,138		
		Capitalized Interest	$38		
			$451,576		
Rivers Edge III
Community Development District
Capital Projects Funds Statement of Revenues & Expenditures For The Period Ending May 31, 2022

Revenues:		
Interest Income	$1	
Bond Proceeds	$0	
Total Revenues	$1	

Expenditures:		
Capital Outlay	$0	
Cost of Issuance	$0	
Underwriters Discount	$0	
Total Expenditures	$0	
		
Excess Revenues (Expenditures)	$1	

Other Sources & Uses:		
Transfer In/ (Out)	$0	
Total Other Sources & Uses	$0	
		
Net Change in Fund Balance	$1	
		
Fund Balance - Beginning	$3,291	
		
Fund Balance - Ending	$3,292	
Rivers Edge III
Community Development District Long Term Debt Report

Series 2021 Capital Improvement Revenue Bonds		
Interest Rate:	2.47% - 3.75%	
Maturity Date:	5/1/2051	
Reserve Fund Definition:	50% of Maximum Annual Debt at Issuance	
Reserve Fund Requirement:	$275,000	
Reserve Fund Balance:	$275,400	
Bonds outstanding - 4/23/2021	$9,880,000	
Less: May 1, 2022 (Mandatory)	($200,000)	
Current Bonds Outstanding	$9,680,000	
Rivers Edge III
Community Development District Developer Funding

Funding Request	
Date of	
Date Received	
Total Amount	Total Funding
Request	Total Funding
Request	Balance (Due From
Developer)/	
#	Request	Developer	Received	FY 21	FY 22	Due To	

16	
10/12/21	
11/5/21	
$45,538.40	
$22,091.62	
$15,947.04	
$0.00	
17	11/9/21	12/7/21	$26,887.99	$0.00	$26,887.99	$0.00	
18	12/6/21	1/14/22	$20,724.98	$0.00	$20,724.98	$0.00	
19	1/10/22	2/23/22	$28,295.99	$0.00	$28,295.99	$0.00	
20	2/8/22	3/4/22	$27,759.82	$0.00	$27,759.82	$0.00	
21	3/16/22	4/13/22	$21,735.56	$0.00	$21,735.56	$0.00	
22	4/12/22	5/2/22	$264,644.29	$0.00	$264,644.29	$0.00	
23	5/11/22			$0.00	$20,699.86	($20,699.86)	
Total Due from Developer	$22,091.62	$426,695.53	($20,699.86)				
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT							
SUMMARY OF FISCAL YEAR 2022 ASSESSMENTS							
10/1/21 - 9/30/22							

DIRECT BILL PERCENT COLLECTED	100.00%	0.00%	100.00%	
TAX ROLL PERCENT COLLECTED	43.70%	100.53%	100.53%	
TOTAL PERCENT COLLECTED	100.10%	100.53%	100.19%	

(1) Bulk land owners are on a payment plan for undeveloped land. Debt service assessments – 50% due December 1, 2021, 25% due February 1, 2021 and 25% due May 1, 2021
SUMMARY OF TAX ROLL RECEIPTS					

ST JOHNS COUNT DIST.	
DATE	
TOTAL AMOUNT	SERIES 2021
DEBT	
O&M	
1	11/4/2021	-	-	-	
2	11/17/2021	37,102.68	16,128.77	20,973.91	
3	11/22/2021	4,547.13	1,976.67	2,570.46	
4	12/8/2021	12,974.91	5,640.27	7,334.64	
5	12/20/2021	101,160.44	43,975.08	57,185.36	
6	1/14/2022	47,470.78	20,635.85	26,834.93	
INTEREST	1/21/2022	3.10	1.35	1.75	
7	2/16/2022	18,432.29	8,012.63	10,419.66	
8	3/7/2022	15,381.31	6,686.35	8,694.96	
9	4/7/2022	8,778.94	3,816.26	4,962.68	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
TOTAL TAX ROLL RECEIPTS	245,851.58	106,873.23	138,978.35		

B.

1.
Rivers Edge III
Community Development District

Check Run Summary
April 30, 2022

Fund	Date	Check No.	Amount	

General Fund	

4/7/22	

156-161	

$	27,759.82	
	4/12/22	162	$	10,854.75	
	4/20/22	163-168	$	21,735.56	
Total			$  60,350.13	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/04/22	PAGE	1
*** CHECK DATES 04/01/2022 - 04/30/2022 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
4/07/22 00010	2/01/22 44514	202202 320-57200-46800	*	501.00
FEB LAKE MAINTENANCE
CHARLES AQUATICS INC	501.00 000156
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 22	202202 310-51300-34000	*	1,875.00
FEB MANAGEMENT FEES
22	202202 310-51300-35100	*	100.00
FEB WEBSITE ADMIN
22	202202 310-51300-35100	*	150.00
FEB INFORMATION TECH
22	202202 310-51300-32400	*	291.67
FEB DISSEMINATION SERVICE
22	202202 310-51300-51000	*	6.22
OFFICE SUPPLIES
22	202202 310-51300-42000	*	4.44
POSTAGE 22
COPIES 22
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	2,472.47 000157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/07/22 00013	2/05/22 1220	202201 310-51300-31500	*	2,546.67
JAN GENERAL COUNSEL
KE LAW GROUP	2,546.67 000158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/07/22 00005	1/24/22 47323	202112 310-51300-31100	*	409.68
DEC PROFESSIONAL SERVICES
PROSSER	409.68 000159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/07/22 00011	2/03/22 RE3 2-3- 202202 300-20700-10000	*	531.14
REIMBURSE FPL KEYSTONE
2/03/22 RE3 2-3- 202202 300-20700-10000	*	6,027.04 REIMBURSE FPL MISTFLOWER
2/03/22 RE3 2-3- 202202 300-20700-10000	*	17.51
REIMBURSE FPL SHINNECOCK
RIVERS EDGE CDD	6,575.69 000160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/07/22 00008	2/01/22 7204CB	202202 320-57200-46100	*	15,254.31
FEB LANDSCAPE MAINTENANCE
VERDEGO	15,254.31 000161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/12/22 00011	4/07/22 04072022 202110 300-20700-10000	*	5,606.87
JEA REIMBURSEMENT JUL-SEP
4/07/22 04072022 202203 300-20700-10000	*	5,247.88
JEA REIMBURSEMENT OCT-MAR
RIVERS EDGE CDD	10,854.75 000162
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RE3C RV ED III	OKUZMUK
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/04/22	PAGE	2
*** CHECK DATES 04/01/2022 - 04/30/2022 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
4/20/22 00010	3/01/22 44725	202203 320-57200-46800	*	501.00
MAR LAKE MAINTENANCE
CHARLES AQUATICS INC	501.00 000163
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 23	202203 310-51300-34000	*	1,875.00
MAR MANAGEMENT FEES
23	202203 310-51300-35100	*	100.00
MAR WEBSITE ADMIN
23	202203 310-51300-35100	*	150.00
MAR INFORMATION TECH
23	202203 310-51300-32400	*	291.67
MAR DISSEMINATION SERVICE
23	202203 310-51300-51000	*	.03
OFFICE SUPPLIES
23	202203 310-51300-42000	*	.53
POSTAGE 23
COPIES 23
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	2,548.96 000164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/22 00013	3/07/22 1516	202202 310-51300-31500	*	2,705.67
FEB GENERAL COUNSEL
KE LAW GROUP	2,705.67 000165
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/22 00005	2/14/22 47444	202201 310-51300-31100	*	456.62
JAN PROFESSIONAL SERVICES
PROSSER	456.62 000166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/22 00008	3/08/22 7681	202201 320-57200-46100	*	269.00
JAN IRRIGATION REPAIRS
VERDEGO	269.00 000167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/22 00008	3/01/22 7641C	202203 320-57200-46100	*	15,254.31
MAR LANDSCAPE MAINTENANCE
VERDEGO	15,254.31 000168
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	60,350.13
TOTAL FOR REGISTER	60,350.13

RE3C RV ED III	OKUZMUK
Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256
904-997-0044
Invoice

 	

	Vendor#			
				
Qty	Description	Rate	Amount	
I	Monthly Aquatic Management Services for 4 ponds - 1 pond at Main Street Phase 2 and 4 ponds at The Haven

Approved RECDD Ill Submitted to AP on 2-1-22 by Jason Davidson
?}t,D?	}t,
I	,.,z.. f"72.•"4 r
lo

W[E IDs tE n \YI IE
J FEB O 1 2022
By	501.00	501.00	
Thank you so much for your business!	Balance Due
$501.00				
Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Rivers Edge Ill CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice #: 22
Invoice Date: 2/1/22
Due Date: 2/1/22
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount
Management Fees - February 2022 •·Jt-51:J • 3'1 Website Administration - February 20221·.51·51:5 • 351 Information Technology- February 2022 I· 51·513 • 35 I
Dissemination Agent Services - February 20221·51·513 -:,;z..,
Office Supplies I-:ws,,. 51
Postage 1·31· 513 • 2. Copies ,. ,t· 5,3 · "IZ. Telephone /·.,I·51:5·'i(
.3

[Eml [E	tfl IE
u	FEB O 3 2022.

By		1,875.00
100.00
150.00
291.67
6.22
4.44
37.50
7.64	1,875.00
100.00
150.00
291.67
6.22
4.44
37.50
7.64	

Total	$2,472.47	
Payments/Credits	$0.00	
Balance Due	$2,472.47	

G  A:  0	U	P

P.O. Box 6386 Tallahassee, Florida 32314

Rivers Edge Ill CDD
475 West Town Place Suite 114 St. Augustine, Florida 32092

RE3CDD-01

River's Edge Ill - General Counsel
INVOICE
Invoice# 1220 Date: 02/05/2022 Due On: 03/07/2022

Type	Date	Notes	Quantity	Rate	Total	
Service	01/03/2022	Revise landscape RFP forms to incorporate Board	0.30	$270.00	$81.00	
		feedback.				
Service	01/06/2022	Review draft agenda and send comments.	0.20	$270.00	$54.00	
Service	01/11/2022	Confer with Kilinski regarding updates to landscape RFP; update RFP package; circulate to working group	0.20	$270.00	$54.00	
		for comments.				
Service	01/12/2022	Review updated RFP for landscape and edit/ disseminate for agenda package; review draft agenda
and confer with staff on same; transmit information on	0.20	$310.00	$62.00	
		same				
Service	01/17/2022	Review agenda package; prepare for Board meeting; review outstanding items and begin preparation of same, including golf cart policies, public comment policies, status of proposals from Vesta, repairs, etc	0.40	$310.00	$124.00	
Service	01/17/2022	Review and analyze Haven pond proposal documents and staff reports in preparation for meeting.	0.30	$270.00	$81.00	
Service	01/18/2022	Conference call with staff regarding agenda items.	0.20	$270.00	$54.00	
Service	01/18/2022	Begin travel to monthly meeting	0.80	$270.00	$216.00	
Service	01/19/2022	Travel to and attend Board meeting; follow up from	2.80	$270.00	$756.00	
		same.				
Service	01/19/2022	Monitor legislation and prepare newsletter for same	0.30	$310.00	$93.00	
Expense	01/19/2022	Meals: LG - Travel monthly meeting	0.20	$17.57	$3.51	
Service	01/19/2022	Begin due diligence project; retrieve plats and deeds from St. Johns County clerk's office; download	0.80	$225.00	$180.00	
		acquisition and agreement records from GMS' record				
Invoice# 1220 - 02/05/2022

		server; review meeting notes and follow-up tasks.				
Expense	01/20/2022	Mileage: LG - Travel monthly meeting	126.02	$0.56	$70.57	
Expense	01/21/2022	Hotel: LG - Lodging monthly meeting	0.20	$270.45	$54.09	
Service	01/21/2022	Draft resolution instructing St. Johns County Supervisor of Elections to prepare for 2022 elections.	0.20	$225.00	$45.00	
Service	01/24/2022	Confer with staff re: landscape and Havens pond agreement/property ownership transfer; confer with	0.20	$310.00	$62.00	
		Stilwell and Gentry on same				
Service	01/25/2022	Confer re: cost share and amenity improvements/ repairs and replacements and options for same	0.10	$310.00	$31.00	
Service	01/26/2022	Review Charles Aquatics addendum for Haven pond	0.10	$270.00	$27.00	
		and send for signatures.				
Service	01/28/2022	Review and provide comments to January minutes.	0.30	$270.00	$81.00	
Service	01/28/2022	Continue due diligence project; compare plat with property appraiser's data; confirm parcel transfers.	0.70	$225.00	$157.50	
Service	01/31/2022	Analyze 2021 audit requirements; update landscape RFP package and send to staff for input.	0.40	$270.00	$108.00	
Service	01/31/2022	Review outstanding landscape RFP questions and confer with Gentry on same	0.20	$310.00	$62.00	
Service	01/31/2022	Confirm District's website is listed on DEO's site; audit District website to ensure compliance with statutory	0.40	$225.00	$90.00	
		requirements for content; search county records to				
		confirm recording of Public Facilities Report.				
				
Total	$2,546.67	

Detailed Statement of Account

Other Invoices

Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
928	02/02/2022	$2,816.71	$0.00	$2,816.71	
Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
1220	03/07/2022	$2,546.67	$0.00	$2,546.67	
Invoice# 1220 - 02/05/2022

Outstanding Balance Total Amount Outstanding

$5,363.38

$5,363.38

Please make all amounts payable to: KE Law Group, PLLC Please pay within 30 days.
PROSSER

Rivers Edge Ill COD
c/o Government Management Services, LLC Attn: Hannah Smith
4648 Eagle Falls Pl
Tampa, FL 33619

January 24, 2022
Project No:	113094.80
Invoice No:	47323

Project	113094.80	Rivers Edge Ill COD
For services including attend COD meeting and coordinate landscape RFP maps. Professional Services from December 1, 2021 to December 31, 2021 Professional Personnel

Principal

Reimbursable Expenses
Mileage-DOT Allowable (.445) Mileage-Additional (.13/mile)
Total Reimbursables

Outstanding Invoices

26.70
7.80
1.15times	34.50	39.68
Total this Invoice	$409.68

Number	Date	Balance	
46974	11/10/2021	224.68	
47185	12/14/2021	687.18	
Total		911.86	

13901 Sutton Park Drive South, Suite 200 I Jacksonville, FL 32224 0229 I 904.739.3655 I www.prosserinc.com
Rivers Edge CDD
475 West Town Place, Suite 114 St. Augustine FL 32092
Phone (904) 940-5850  Fax (904) 940-5899

DATE: February 3, 2022
INVOICE #	RE3 2-3-2022

Bill To:
Rivers Edge Ill CDD
475 West Town Place, Suite 114 St. Augustine FL 32092

DESCRIPTION	AMOUNT		

Reimbursement of costs related to FPL ace# 6702745339 at 106 Keystone Comers Blvd for FY20-22	

$	531.14		

Reimbursement of costs related to FPL ace# 7642409317 at 53 Mistflower Dr FY20-22	
$	6,027.04		

Reimbursement of costs related to FPL ace# 8969150120 at 233 Shinnecock Dr FY20-22	
$	17.51		
/-,C0 • 2.0 '7. / 0	TOTAL	$	6,575.69	
Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!
Invoice

BILL TO	FROM
Invoice #: 7204C Date: 02/01/2022 Customer PO:
DUE DATE: 03/03/2022

Rivers Edge CDD III
475 West Town Place, Suite 114 Saint Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#57 - Standard Maintenance Contract February 2022
Invoice Notes:
AMOUNT
$15,254.31

Thank you for your business!	AMOUNT DUE TIDS INVOICE	$15,254.31

Approved RECDD Ill Submitted to AP on 2-7-22 by Jason Davidson
?JV	p ?JV
I	1-:.Z· 572, •'-tu I

Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256
904-997-0044
Invoice

 	

	Vendor#				

Qty	Description	Rate	Amount		
I	Monthly Aquatic Management Services for 4 ponds - 1 pond at
Main Street Phase 2 and 4 ponds at The Haven

Approved RECDD Ill Submitted to AP on 3-3-22 by Jason Davidson
Jt,  p	Jt,
r!	,.3z.-?7z•'l?0

l	MAR O 3 2022		501.00	501.00	
Thank you so much for your business!		Balance Due	
$501.00		
Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Rivers Edge Ill CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice #: 23
Invoice Date: 3/1/22
Due Date: 3/1/22
Case:
P.O. Number:

Description
Hours/Qty	Rate	Amount

Management Fees - March 2022 1.31-Sf:J • 3lf Website Administration - March 20221-31-513 ·35'/ Information Technology - March 2022 l·St·513 • 3S I
Dissemination Agent Services• March 2022 /·;31·5/3 • 3.J.t./
Office Supplies l·Jl·.5/!J· SI
Postage		/·3) ·.St •'fz. Copies	hJ/ ·S/5· "IZS Telephone ,.,,.s,3 ·£fl			1,875.00	1,875.00
100.00	100.00
150.00	150.00
291.67	291.67
0.03	0.03
0.53	0.53
112.35	112.35
19.38	19.38		

Total	$2,548.96	
Payments/Credits	$0.00	
Balance Due	$2,548.96	

G  R:  O	U  P

P.O. Box 6386 Tallahassee, Florida 32314

Rivers Edge Ill COD
475 West Town Place Suite 114 St. Augustine, Florida 32092

RE3CDD-01

River's Edge Ill - General Counsel
INVOICE
Invoice# 1516 Date: 03/07/2022 Due On: 04/06/2022

Type	Date	Notes	Quantity	Rate	Total	
Service	02/01/2022	Verify status of public facilities report and disclosure of	0.20	$270.00	$54.00	
		public finance.				
Service	02/02/2022	JW- Draft public facilities report work authorization and
letter to engineer re same; correspondence to obtain	0.40	$270.00	$108.00	
		executed copy of district engineer's agreement.				
Se1Vice	02/02/2022	Real property due diligence including plat review, deed
review, and ownership analysis using property	0.50	$225.00	$112.50	
		appraiser's data.				
Service	02/03/2022	Review draft agenda.	0.10	$270.00	$27.00	
Service	02/03/2022	Compute updated competitive procurement thresholds	0.10	$225.00	$22.50	
		for 2022.				
Service	02/04/2022	Analyze standards for 2021 audit reporting.	0.20	$270.00	$54.00	
Service	02/06/2022	Confer with disclosure counsel re: notice of trustee	0.10	$310.00	$31.00	
		change and draft same				
Service	02/07/2022	Update landscape RFP package and communicate with
team regarding necessary information.	0.30	$270.00	$81.00	
Service	02/07/2022	Confer with staff re: process for work authorizations,
interlocal and budget considerations; transmit flow of	0.30	$310.00	$93.00	
		responsibility and confer with on site staff on same				
Service	02/11/2022	Monitor legislation and prepare newsletter for same	0.30	$310.00	$93.00	
Seivice	02/11/2022	Monitor legislation and prepare newsletter for same	0.30	$310.00	$93.00	
Service	02/11/2022	Review property ownership information and confer with	0.10	$310.00	$31.00	
		Prosser on same				
Service	02/14/2022	Update landscape RFP package.	0.10	$270.00	$27.00	
Invoice# 1516 - 03/07/2022

Service	02/14/2022	Confer with landowner re: board status change and confer re: quorum and process for exchange on same	0.10	$310.00	$31.00	
Expense	02/15/2022	Meals: LMG - Travel monthly meeting	0.20	$35.97	$7.19	
Expense	02/15/2022	Rental Car Expenses: LMG - Travel monthly meeting	0.20	$121.80	$24.36	
Expense	02/15/2022	Gas: LMG - Travel monthly meeting	0.20	$50.60	$10.12	
Service	02/15/2022	Real property due diligence including plat review, deed review, and ownership analysis using property	2.40	$225.00	$540.00	
		appraiser's data.				
Service	02/16/2022	Travel to and attend Board meeting.	2.50	$270.00	$675.00	
Service	02/16/2022	Confer with Gentry and staff re: meeting follow up items	0.20	$290.00	$58.00	
		and status of reporting processes				
Service	02/18/2022	Confer with county re: process for filing stormwater	0.10	$290.00	$29.00	
		needs analysis				
Service	02/18/2022	Review stormwater needs analysis work authorization and send for signatures; compile final RFP documents	0.50	$270.00	$135.00	
		and finalize Project Manual for distribution.				
Service	02/23/2022	Review draft February minutes.	0.10	$270.00	$27.00	
Service	02/28/2022	Confer with engineer regarding waterfall pump repairs.	0.10	$270.00	$27.00	
Service	02/28/2022	Real property due diligence including plat review, deed	1.40	$225.00	$315.00	
		review, and ownership analysis using property				
		appraiser's data.				

Total	
$2,705.67					

Detailed Statement of Account

Other Invoices

Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
928	02/02/2022	$2,816.71	$0.00	$2,816.71	
1220	03/07/2022	$2,546.67	$0.00	$2,546.67	
Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
1516	04/06/2022	$2,705.67	$0.00	$2,705.67	
Invoice# 1516 - 03/07/2022

Outstanding Balance Total Amount Outstanding

$8,069.05

$8,069.05

Please make all amounts payable to: KE Law Group, PLLC Please pay within 30 days.
PROSSER

Rivers Edge Ill CDD
c/o Government Management Services, LLC Attn: Hannah Smith
4648 Eagle Falls Pl Tampa, FL 33619

February 14, 2022
Project No:	113094.80
Invoice No:	47444

Project	113094.80	Rivers Edge Ill CDD
For services including attend COD meeting and coordinate with Aerostar on water quality testing.
Professional Services from January 1, 2022 to January 31, 2022 Professional Personnel

Principal

Reimbursable Expenses
Mileage-DOT Allowable (.445) Mileage-Additional (.14/mile)
Total Reimbursables

Outstanding Invoices

26.70
8.40
1.15 times	35.10	40.37
Total this Invoice	$456.62

Number	Date	Balance	
47185	12/14/2021	687.18	
47323	1/24/2022	409.68	
Total		1,096.86	

13901 Sutton Park Drive South, Suite 200 I Jacksonvme, FL 32224-0229 I 904.739.3655 I www.prosserinc.com

1.'dlRRDEGO
Invoice
VlAN□SCAPE	Invoice#: 7681
Date: 03/08/22 Customer PO:
DUE DATE: 04/07/2022

BILL TO	FROM

Rivertown - RECDDIII
475 West Town Place, Suite 114 St. Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Bum1ell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#7596 - January 2022 irrigation repairs January 2022 irrigation repairs for recdd3 Irrigation
AMOUNT

$269.00
Invoice Notes:

Thank you for your business!	AMOUNT DUE THIS INVOICE	$269.00

Approved RECDD Ill Submitted to AP on 3-15-22 by Jason Davidson
n,	D	n,
tf	I·32.·57 Z. ' tjC,!
'i1

Invoice

BILL TO	FROM
Invoice#: 7641C Date: 03/01/2022 Customer PO:
DUE DATE: 03/30/2022

Rivers Edge CDD ID
475 West Town Place, Suite 114 Saint Augustine, FL 32092
VerdeGo POBox789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#57 - Standard Maintenance Contract March 2022
Invoice Notes:

AMOUNT
$15,254.31

Thank you for your business!	AMOUNT DUE THIS INVOICE	$15,254.31

Approved RECDD Ill Submitted to AP on 3-2-22 by Jason Davidson Cla.un,, D	n,, tf	1-32 .573 •lft,,/
"I

Rivers Edge m
COMMUNITY DEVELOPMENT DISTRICT

	General Fund			

Date	
Check Request

Amount		

Authorized By	

April 7, 2022	
$5,606.87		
Oksana Kuzmuk	

Payable to:			
	
Rivers Edge CDD	#II		

Date Check Needed:		Budget Category: ASAP	Ioo]-300-20700-10000

Intended Use of Funds Requested·

JEA Reimbursement Julv 2021 - September 2022						

						

(Attach sunnortina documentation for reauest.J						
Rivers Edge III FY2021 Utilities						
		July	August	September	Total	
JEA- Water
300 Dahlia Falls dr	
89882808	
$ 1,381.20	
$ 1,376.87	
$ 1,896.47	
$ 6,677.47	
438 Meadowcreek Dr	89241610	$	432.91	$	216.41	$	303.01	$ 2,124.68	
439 Meadowcreek Dr LS01	89213963	$	-	$	-	$	-	$	101.70	

	Subtotal JEA	$ 1,814.11	$ 1,593.28	$  2,199.48	$ 8,903.85 

Rivers Edge ID
COMMUNITY DEVELOPMENT DISTRICT

General Fund

Check Request

Date	Amount	Authorized By

April 6, 2022	$5,247.88	Oksana Kuzmuk

Payable to:

Rivers Edge COO

Date Check Needed:		Budget Category: ASAP	I001-300-20700-10000

Intended Use of Funds Reouested·

JEA Reimbursement October 2021 - March 2022	

	

{Attach sunnortino documentation for reouest.)	
Rivers Edge III Utilities Schedule FYZOZZ

	Oct	Nov	Dec	!an	Feb	Mar	Total					
jEA-Water
300 Dahlia Falls dr	
89882808	
$	
619.12	
$	926.55	
$  1,082.43	
$	753.35	
$	554.17	$	350.66	$  4,286.28			
438 MeadowcreekDr	89241610	$	246.72	$	268.37	$	307.34	$	56.55	$	41.31	$	41.31	$	961.60	
!EA	$	865.84	$ 1,194.92	$  1,389.77	s	809.90	$	595.48	$	391.97	$  5,247.88			

2.
Rivers Edge III
Community Development District

Check Run Summary
May 31, 2022

Fund	Date	Check No.	Amount	

General Fund	

5/4/22	

169-180	

$ 264,644.29	
Total			$ 264,644.29	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/22	PAGE	1
*** CHECK DATES 05/01/2022 - 05/31/2022 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
5/04/22 00010	4/01/22 44956	202204 320-57200-46800	*	501.00
APR LAKE MAINTENANCE
CHARLES AQUATICS INC	501.00 000169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00018	3/09/22 4210	202203 320-57200-46100	*	6,702.66
PLAYGROUND MULCH
FIRST COAST MULCH	6,702.66 000170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24	202204 310-51300-34000	*	1,875.00
APR MANAGEMENT FEES
24	202204 310-51300-35100	*	100.00
APR WEBSITE ADMIN
24	202204 310-51300-35100	*	150.00
APR INFORMATION TECH
24	202204 310-51300-32400	*	291.67
APR DISSEMINATION SERVICE
24	202204 310-51300-51000	*	2.65
OFFICE SUPPLIES
24	202204 310-51300-42000	*	2.65
POSTAGE
24	202204
COPIES
24	202204
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	2,489.42 000171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00013	4/04/22 1906	202203 310-51300-31500	*	1,586.78
MAR GENERAL COUNSEL
KE LAW GROUP	1,586.78 000172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00005	4/04/22 47747	202202 310-51300-31100	*	627.87
FEB PROFESSIONAL SERVICES
PROSSER	627.87 000173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00011	4/11/22 CS2022-Q 202112 300-20700-10000	*	32,432.75
LANDSCAPE CS Q1 OCT-DEC
4/11/22 CS2022-Q 202112 300-20700-10000	*	65,437.00 AMENITY CS Q1 OCT-DEC
RIVERS EDGE CDD	97,869.75 000174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00011	4/11/22 CS2022-Q 202203 300-20700-10000	*	32,432.75
LANDSCAPE CS Q2 JAN-MAR
4/11/22 CS2022-Q 202203 300-20700-10000	*	65,437.00 AMENITY CS Q2 JAN-MAR
RIVERS EDGE CDD	97,869.75 000175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RE3C RV ED III	OKUZMUK
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/22	PAGE	2
*** CHECK DATES 05/01/2022 - 05/31/2022 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
5/04/22 00019	4/11/22 CS2022-Q 202112 300-20700-10100	*	20,577.50 AMENITY CS Q1 OCT-DEC
RIVERS EDGE II CDD	20,577.50 000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00019	4/11/22 CS2022-Q 202203 300-20700-10100	*	20,577.50
AMENITY CS Q2 JAN-MAR
RIVERS EDGE II CDD	20,577.50 000177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00008	3/31/22 7876	202202 320-57200-46100	*	187.75
FEB IRRIGATION REPAIRS
VERDEGO	187.75 000178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00008	4/01/22 7868C	202204 320-57200-46100	*	15,254.31
APR LANDSCAPE MAINTENANCE
VERDEGO	15,254.31 000179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/22 00006	3/31/22 3752	202203 310-51300-35200	*	400.00
ADA WEBSITE MAINTENANCE
VGLOBALTECH	400.00 000180
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	264,644.29
TOTAL FOR REGISTER	264,644.29

RE3C RV ED III	OKUZMUK
Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256
904-997-0044
Invoice

 	

	Vendor#			
				
Qty	Description	Rate	Amount	
1	Monthly Aquatic Management Services for 4 ponds - 1 pond at Main Street Phase 2 and 4 ponds at The Haven

Approved RECDD 111 Submitted to AP on 4-1-22 by Jason Davidson
CJaa.e)1,, D )1,,
rf l-3Z..•S72.·'f<,6'
10

'-' IE ms IE 1Y IE
APR O 1 2022	501.00	501.00	
Thank you so much for your business!	I Balance Due	$501.00				
First Coast Mulch 4672 Race Track Rd St Johns, FL 32259 (904)254-5366
bobbyk@firstcoastmulch.com

BILL.TO
Rivers Edge COD
475 West Town Place Suit 114
St. Augustine FL, 32092
Invoice
Approved Cost Share playground mulch install sent to AP on 03/23/22 by Johnathan Perry
J?P&rr!J
1.5z-572-·'lul	,g-

SHIP TO
Rivers Edge COD
. 475 West Town Place Suit 114
·St.Augustine FL, 32092

INVOICE
4210

2022
TOTAL:nuE
20,108.00
DUE·DATE
03/09/2022
TERMS
Due on
ENCLOSED

	ACTIVITY		RATE		AMOUNT	
	
Mulch Installation:Playground Chips
Installation of IPEMA Certified chips
https://www.cpsc.gov/safety-education/safety-		44.00		2,992.00	
	guides/playgrounds
Play Ground #1 as per attached Photo measured by Johnathan and Bob
Measured to return to original inspected Depth,					
	Mulch Installation:Playground Chips Installation of IPEMA Certified chips https://www.cpsc.gov/safety-education/safety- guides/playgrounds
Play Ground #2 as measured by Johnathan and Bob No Photo not visable with tree's
Measured to return to original inspected Depth,	35	44.00		1,540.00	
	Mulch Installation:Playground Chips Installation of IPEMA Certified chips https://www.cpsc.gov/safety-education/safety-	56	44.00		2,464.00	
	guides/playgrounds
Play Ground #3 as per attached Photo measured by Johnathan and Bob
Measured to return to original inspected Depth,					
	Mulch Installation:Playground Chips Installation of IPEMA Certified chips https://www.cpsc.gov/safety-education/safety- guides/playgrounds
Play Ground #4 as per attached Photo measured by	63	44.00		2,772.00	
	Johnathan and Bob
Measured to return to original inspected Depth,					
	Mulch Installation:Playground Chips	85	44.00		3,740.00	
	Installation of IPEMA Certified chips https://www.cpsc.gov/safety-education/safety- guides/playgrounds
Play Ground #5 as per attached Photo measured by
Johnathan and Bob
Measured to returnt',.'.o"...  · ' ''?,c. ,, . L-c,,.... . ...c.,,.,...................	

,.....................................................	

.........................  ,		

----···········	

Mulch Installation:Playground Chips		65	44.00	2,860.00	
Installation of IPEMA Certified chips					
https://www.cpsc.gov/safety-education/safety­					
guides/playgrounds					
Play Ground #6 as per attached Photo measured by					
Johnathan and Bob					
Measured to return to original inspected Depth,					
Mulch Installation:Playground Chips		52	44.00	2,288.00	
Installation of IPEMA Certified chips					
https://www.cpsc.gov/safety-education/safety­					
guides/playgrounds					
Play Ground #7 as per attached Photo measured by					
Johnathan and Bob					
Measured to return to original inspected Depth,					
Mulch Installation:Playground Chips		33	44.00	1,452.00	
Installation of IPEMA Certified chips					
https://www.cpsc.gov/safety-education/safety­					
guides/playgrounds					
Play Ground #8 as per attached Photo measured by					
Johnathan and Bob					
Measured to return to original ir1ESp<=c;_t:'=cl Q<=pt:11,	 			 		 		
We appreciate the opportunity to work with	BALANCE DUE
you. Let everyone know how great we did by reviewing us on our First Coast Mulch Facebook page. Please let us know if you need anything else.
$20,108. 00/3
j(,;702.. bi,
Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Rivers Edge 111 CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice It: 24
Invoice Date: 4/1/22
Due Date: 4/1/22
Case:
P.O. Number:

Description
Management Fees -April 2022 hJl·5t3 ·3
WebsiteAdministration  -Apri!2022/-sl·513· 35"(
Hours/Qty	Rate	Amount
1,875.00	1,875.00
100.00	100.00

Total	$2,489.42	
Payments/Credits	$0.00	
Balance Due	$2,489.42	
INVOICE

GROUP	Invoice# 1906
Date: 04/04/2022 Due On: 05/04/2022
KE Law Group, PLLC
P.O. Box 6386 Tallahassee, Florida 32314 United States

Rivers Edge Ill CDD
475 West Town Place Suite 114 St. Augustine, Florida 32092

RE3CDD-01

River's Edge Ill - General Counsel

Type	Profession31	Date	Notes	Quantity	Rate	Total	
Service	DS	03/01/2022	Real property due diligence including plat
review, deed review, and ownership	0.70	$225.00	$157.50	
			analysis using property appraise s data;				
			transmit final work product to staff.				
Service	
JK	03/01/2022	··"'•--,•~-..-·.,~"·· '

Monitor legislation and prepare newsletter
for same; analyze and transmit final	0.30	$310.00	$93.00	
			legislative recap of bill passage.				
Service	
LG	
03/01/2022	Prepare form of amendment to GMS
agreement.	0.30	$270.00	$81.00	
Seruice	
JK	03/06/2022	Continue real property due diligence including plat review, deed review, and	2.40	$310.00	$744.00	
			ownership analysis using property				
			appraise s data.				
Service	LG	03/09/2022	
LG - Review draft agenda and status of follow-up tasks from last meeting; prepare	0.30	$270.00	$81.00	
			addendum to landscape RFP.				
Service	
JK	03/10/2022	Confer re: RFP addendum and meeting preparations with Perry on same	0.10	$310.00	$31.00	
Service	
LG	03/10/2022	LG - Update addendum to landscape RFP.	0.10	$270.00	$27.00	

Service	
LG	03/14/2022	LG - Call with Perry and Kilinski regarding agenda items and District issues.	0.10	$270.00	$27.00	
Service	JK	03/14/2022	Agenda call with district manager	0.10	$310.00	$31.00	

Service	
JK	03/16/2022	Draft addendum 2 to landscape RFP	0.10	$310.00	$31.00	

Invoice# 1906 - 04/04/2022

Service	JK	03/17/2022	Review request for RFP and review
instructions on same; confer re: addendum	0.10	$310.00	$31.00	
		
---··-. -"---•--- --- .	responses
U V C > >H ---•	••- • •	
..,,,,,	--		

--------•--"- ''	
Service	LG	03/18/2022	LG - Coordinate response to request for landscape RFP documents.	0.10	$270.00	$27.00	
Service	JK	03/18/2022	Review request for additional information
and documents in landscape RFP and	0.10	$310.00	$31.00	
			respond to same				
Service	LG	03/23/2022	Prepare notice of special joint meeting.	0.10	$270.00	$27.00	
 	
Expense SD 	03/23/2022  Meals: JLK - Travel monthly meeting	1.00 	$3.40	$3.40 							
Expense	SD	03/23/2022	
Hotel: JLK - Lodging monthly meeting	1.00	$47.88	$47.88		

Service	LG	03/24/2022  Review questions related to landscape	0.20  $270.00	$54.00
RFP; prepare addendum number 3.		

-  _,_	- 	
Service	JK	03/24/2022 Review RFP questions and revised	0.10  $310.00	$31.00
addendum and confer with Prosser on same
 	
Service	JK	03/31/2022  Review correspondence and updated	0.10  $310.00	$31.00
district management contract addendum
and confer with Gentry on same

Total	$1,586.78

Detailed Statement of Account

Other Invoices

Invoice.Number	Due On	Amount Due	Payments Received	Balance Due	
1220	03/07/2022	$2,546.67	$0.00	$2,546.67	
1516	04/06/2022	$2,705.67	$0.00	$2,705.67	
Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
1906	05/04/2022	$1,586.78	$0.00	$1,586.78	
			Outstanding Balance	$6,839.12	
			Total Amount Outstanding	$6,839.12	
Invoice# 1906 - 04/04/2022

Please make all amounts payable to: KE Law Group, PLLC Please pay within 30 days.
PROSSER

Rivers Edge Ill COD
c/o Government Management Services, LLC Attn: Hannah Smith
4648 Eagle Falls Pl Tampa, FL 33619

April 4, 2022 Project No: Invoice No:

113094.80
47747

Project	113094.80	Rivers Edge Ill COD
For services including attend COD meeting and coordinate with staff on landscape RFP.
Professional Services from February 1. 2022 to February 28. 2022 Professional Personnel

Principal

Reimbursable Expenses
Mileage-DOT Allowable (.445) Mileage-Additional (.14/mile)
Total Relmbursables

Outstanding Invoices

26.70
8.40
1.15 times	35.10	40.37
Total this Invoice	$627.87

Number	Date	Balance	
47323	1/24/2022	409.68	
47444	2/14/2022	456.62	
Total		866.30	

13901 Sutton Park Drive South, Suite 200 I Jacksonville, FL 32224-0229 I 904.739.3655 I www.prosserinc.com
Rivers Edge CDD	INVOICE
475 West Town Place, Suite 114
St. Augustine FL 32092
Phone (904) 940-5850 Fax (904) 940-5899
DATE: INVOICE#
April 11, 2022 CS2022-Q1

Bill To:
Rivers Edge Ill CDD
475 West Town Place, Suite 114 St. Augustine FL 32092

DESCRIPTION	AMOUNT		

Cost Share-Landscaping Q1 (October - December)

Cost Share- RiverTown Amenity 01 (October - December)	

[E[ [En W [Ew
J	.APR 11	2022	••

By .  -		

$	32,432.75	
		
$	65,437.00	
TOTAL	$	97,869.75		
Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS I

/·JOO·'-o7 • /DO
I I
Rivers Edge CDD	INVOICE
475 West Town Place, Suite 114
St. Augustine FL 32092
Phone (904) 940-5850 Fax (904) 940-5899
DATE: INVOICE#
April 11, 2022 CS2022-O2

Bill To:
Rivers Edge Ill CDD
475 West Town Place, Suite 114 St. Augustine FL 32092

DESCRIPTION	AMOUNT			

Cost Share-Landscaping 02 (January- March)			

$	32,432.75	

Cost Share- RiverTown Amenity 02 (January- March)			
$	65,437.00	
				
	APR 11	2022		
TOTAL	$	97,869.75			
Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

J · :30C, .z.o7 ./0 0
I I
Rivers Edge II CDD	INVOICE
475 West Town Place, Suite 114
St. Augustine FL 32092
Phone (904) 940-5850 Fax (904) 940-5899
DATE: INVOICE#
April 11, 2022 CS2022-Q1

Bill To:
Rivers Edge Ill COD
475 West Town Place, Suite 114 St. Augustine FL 32092

Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

1.3i,0,z,.o7•/ol
,q
Rivers Edge II CDD	INVOICE
475 West Town Place, Suite 114
St. Augustine FL 32092
Phone (904) 940-5850 Fax (904) 940-5899
DATE: INVOICE#
April 11, 2022 CS2022-Q2

Bill To:
Rivers Edge Ill CDD
475 West Town Place, Suite 114 St. Augustine FL 32092

Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

1_300.z_o7-fOI
If/

"\VeLf/AFN.RDEGO
Invoice
DSCAP E	Invoice#: 7876
Date: 03/31/22 Customer PO:
DUE DATE: 04/30/2022

BILL TO	FROM

Rivertown - RECDDIII
475 West Town Place, Suite 114 St. Augustine, FL32092
VerdeGo PO Box 789
3335 North State Street Bunnell, FL32110 Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#7946 - Feb 2022 in·igation repairs
AMOUNT

Feb 2022 Irrigation monthly repairs
Irrigation	$187.75

Invoice Notes:

Thank you for your business!	AMOUNT DUE THIS INVOICE	$187.75

Approved RECDD Ill
.Submitted to AP on 4-1-22 by.Jason Davidson
??vcwd,w?
J,"JZ.·S"'2 • lfu I
('

Zone

Qty
fob Locatfcm: Contl'OHer Location:
Materials
f_?,;r-lf_ t-..?-.... ... ...

Reaso11
)1;_Z£.LLL-_? 	

f-----j ---+-···-···

Zo11e	Qtv
--
2	I
n	I
'
l I	I
//	I
Materlais	Cost	lleason

1/  vV
!-/-..<.; -"'---+ --'Z-l--'-;·_'------'f{'-""""'--"')c.'-1-fe,1,cJl ·-'--'--fL!1t-c•cJ-'i--"'"/-------+1'-'11-----"-c-_;0_--+'3'-'3c.:,	:_'':.:J??	­
f--?--") --'-'------+----:"i-'----1-'"---- / ·i',_,f.,. >-' / 1-'_·----------+}_,_._'-'_+---G_•_,,_-...1-l	­
'P7--:"'J---+---=----+'-.1S'>--1-j-t-'--"e--iJJ,,,-j?)?+_ 	,L=-----+--2_5_-----+_7_,_------+-----------------    --

Monthly Irrigation Inspection Summary of Repairs
Job Location:

Controller Locatioh:

Zone	Qty	Materials

Reason

I'· oc_,

...  I

i I •

1---

oi

·,t,11f '1m,· ·lnii i:t'"
I\) ,-7	/7
fl  f

r	c0l1troll r Make & Model '
Controller Status "
POC Info	PotablP tV:1tr,r
Pump Status & Type	Pressur;zed INFORMATION:
Zone Number
, ?pray, Rotor, Drip, MPR, or Bubbh:n
: Run ti ri,1e (A(B)
_R T me (C/D)
_ Cha_:'ige Time (A/B)
l- hange Time (C/D}
l}one  au!ts or Alarms
Plant Type
Contract Maintenance:  (No Charge}
Bl
C)
D)

w"oi,r,ri1·e ·1
ci in
Pump Start

- ---·· ·- . --"  --·--

Well Water Centrifugal

Not Workitig

Lake Water
Submersible

Straighten Heads
A_ ,ust Water eattern
_ CJt?!l d -c:nzle Screens
Billable Repairs or Upgrades:
_	Head Br en-fain p_ray	I	I
Head Broken- lZin spray
Head Broken- Gin rotor
Head Broken 12in rotor	L
Broken Riser
-Upgrade 4in to Gin Pop up U_p_grade Gin to Hin Pop up Nozzle
MPR 	_				
Sever Li_n Ioi
T
Lateral Line Break
Relocation
Hea---d· Rai:-s-e·d- o- r LowerE!d in Turf
Head Raised or Lowered in Shrub
Damaged Valve Box
_	one Not Operating
Main Line Break	!	-t	l
1 Additional Labor/Troubleshooting	I			
Other- See Comments	-'--------'----'----[	J_ _  , 
Additional Comm nts:

.L. _  _,  	,_

L_---.J-
--;::t:.""[,,	T,•i" 5uc 						
--- j_(.  L 		_ 

_,.		
	7zr	

Controller Make & Model
Controller Status
POC Info	Potab!t1 Wat,,r Pump StutLs & Type	 Pressur;::eC
INFORMATION:
Zone Number
Spray, Rotor, Drip, MPfi, ,y Bubbl• t
.Run time (A/B:
_R 0, T m_e JCjD)
Cha e Time :A/Fl]
, Change Time '. c/o;
1

J\.j
8)
C)

Working Red irn Pump Start
1
  P.w D;1'r,

l\. TWTFS!
.	fJiT\,,VTFSS
;,fiTWTfSS

VJel!Water
Centrifugal

r,1n, Map
vi:s fli ;
lorJ•· fl.,, -r, U"1tr1 11, :·
'([S  ;,J(.)
C:h" "-"d 1.11.\•,l\h.. 1 S»:1<.or
NV
Weather Sensor:
'-- y_c)fkl ..- !""':?r_ki!1 	c·-. -

Not Working
l?.ke Water

-Zone Faults or P,ic;rms
Plant Typr"
Contract Ma'iltenance: (No Charge)
S!raighten Head!,	I
Adjust \/\later Pattern
Clo lied {:lczzie Screens
Billable Repairs or Upgrades:

···-	.-
Head Raised or Lowered in Shrub
Damaged Valve Box Zone Not Operating
Main Line Break	,	J
Additional Labor/Troublesh - !!ng	---··-·--
Other- See Comme . --··-   , -·--- l_
Addit.!Qn_gL(;;omments;

 	

--Co t off;,;·r.iJ" ie& Moiful!)( ('
ControlJer Statusf
POC Info ' Potable Water
Pump Statc...s & Type	Pressur;zed
INFORMATfON:
Zone Number
SprayJ Rotor, Drip, MPR, o; Bubblt?r
Run time (A/B)
?-? Time (C/DJ
_chan.1;e Tin,': j_AJB) Change Time (C/D) Zone Faults or Alarms Plant Type
Contract Maintenance,  (Na Charge
C .,11 1('.11,." / clilt·.  H1,}rf-f
,,,,,, 02 -.-::1 10::1.2

Working Redalrr. Pump Start
/.io.vm
1'<11;•.	I
,clocf
J7	J

M rtiihvs
MTWTFS::i
MT\'.''FSS
%	M!WTFSS

WellWat!:!r Centrifugal

t lonr 1\1 IP
YL  (,)_I

TES NO
Ch,>ckf•d \t\'Pal!w1 ' ··:·:,.·,r
NCi
Weather Sensor:

Not Working
Lake Water
Submersib!

Straighten Heads Adjust Water Pattern
.	c.!.o ged Nozzle Screens
Billable Repairs or Upgrades:

r-Hea B en- fn sp_ray Head Broken-12in spray Head Broken- 6in rotor Head Broken-12in rotor Broken Riser
.		Upgrade 4in to Gin Pop up IJpgrade 6in to 12in Pop up Nozzle
i\llPR
- e,_vere Line Clojl Lateral Line Break Relocation
i:' ai - ?rLow.e.r_ J!l "!'. !l­
Head Raised or L.:nv1;red in Shrub
Damaged Valve Box one Not (J.perating Main Line Break
._Additional Labor/Troubteshootin_g
Other- See Comments

1
·1

i
-I
I	r
.,

- -  ,- 	 II _
 	
f>.dditional.Cctmments:
-- -""j
--.

 	

BILL TO	FROM
Invoice
Invoice#: 7868C Date: 04/01/2022 Customer PO:
DUE DATE: 04/30/2022

Rivers Edge CDD III
475 West Town Place, Suite 114 Saint Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#57 - Standard Maintenance Contract April 2022
Invoice Notes:

AMOUNT
$15,254.31

Thank you for your business!	AMOUNT DUE THIS INVOICE	$15,254.31

Approved RECDD Ill Submitted to AP ori 4-12-22 by Jason Davidson
n,	O	n,
/·3Z•572 ·'-flt f
'i'
VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

BILL TO
Rivers Edge Ill COD 219 E. Livingston Street Orlando, FL 32801 United States

Web Maintenance:ADA Website Maintenance
Ongoing website maintenance for ADA .and WCAG Compliance

INVOICE # 3752
DATE 03/31/2022
DUE DATE 03/31/2022
TERMS Due on receipt

OT-f	Fl/-\T[	
1	400.00	400.00

Invoice for Quarter 1 ADA Audit.	BALANCE DUE	$400.00
Please make check payable to VGlobalTech.

C.
DocuSign Envelope ID: 174301B4-A1F1-49E8-ABB5-2DF0642D8AD6

DocuSign Envelope ID: 174301B4-A1F1-49E8-ABB5-2DF0642D8AD6

Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256
904-997-0044
Invoice

 	

	Vendor#			
				
Qty	Description	Rate	Amount	
I Monthly Aquatic Management Services for 4 ponds - I pond at	501.00	501.00		
	Main Street Phase 2 and 4 ponds at The Haven

Approved RECDD 111 Srubmitted to AP on 5-2-22
by Jason Davidson
n,,, D n,,,
I· 32- • 57 2 • %8'
IO

lE© lE Il\'fl lE™
rn MAY O 2 •2022
,By			
Thank you so much for your business!	I Balance Due
$501.00				
DocuSign Envelope ID: 174301B4-A1F1-49E8-ABB5-2DF0642D8AD6

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Rivers Edge Ill CDD 475 West Town Place Sulte 114
St. Augustine, FL 32092
Invoice #: 25
Invoice Date: 5/1/22
Due Date: 5/1/22
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

	1,875.00	1,875.00	

I	100.00	100.00	
	150.00	150.00	
	291.67	291.67	
	0.24	0.24	

Total	$2,444.55	
Payments/Credits	$0.00	
Balance Due	$2,444.55	
DocuSign Envelope ID: 174301B4-A1F1-49E8-ABB5-2DF0642D8AD6

Grau and Associates
951 W. Yamato Road, Suite 280 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Rivers Edge Ill Community Development District 1001 Bradford Way
Kingston, TN 37763

Invoice No.	 22537 Date	05/02/2022

SERVICE	AMOUNT

Audit FYE 09/30/2021

Current Amount Due
$	2,500.00

$	2.500,00

1·31 • 513· 32,2.
I'2-

0 - 30	31- 60	61 - 90	91 - 120	Over 120	Balance	
2,500.00	0.00	0.00	0.00	0.00	2,500.00	
Payment due upon receipt.
DocuSign Envelope ID: 174301B4-A1F1-49E8-ABB5-2DF0642D8AD6

ROEGo	Invoice
1r I  j

BILL TO	FROM
Invoice#: 8113C Date: 05/01/2022 Customer PO:
DUE DATE: 05/30/2022

Rivers Edge CDD III
475 West Town Place, Suite 114 Saint Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3]22
www.verdego.com

DESCRJPTION
#6120 - Standard Maintenance Contract May 2022
Invoice Notes:

AMOUNT
$15,254.31

Thank you for your business!	AMOUNT DUE THIS INVOICE	$15,254.31

Approved RECDD Ill Submitted to AP on 5-2-22 by Jason Davidson
Oaaon,, v?n,,
rl	J, 32. 5 7 2,	4l,f
'ff

D.
Rivers Edge III
Community Development District

FYZOZZ Funding Request #24
7-Jun-22

Vendor	Amount

Charles Aquatics
June Lake Maintenance	Inv#45435

Governmental Management Services
June Invoice	Inv #26	6/1/22

6/1/22

$	501.00

$	2,474.23

Grau and Associates
Audit FYE 9/30/21	Inv #22732	6/1/22

KE Law Group
April General Counsel	Inv #2166	5/11/22

U.S. Bank
Trustee Fees	Inv #6537435	5/25/22

Verdego

$	2,400.00

$	2,225.01

$	4,040.63
June Landscape Maintenance	Inv #8362C	6/1/22	$	15,254.31	
Sod in Haven	Inv #8200	5/13/22	$	483.78	
Storm Damaged Annuals	Inv #8201	5/13/22	$	1,574.92	
Total Amount Due	$	28,953.88	

Si nature:
Chairman/Vice Chairman

Si nature:
Secretary/Asst Secretary

Wiring Instructions:
RBK:	Wells Fargo, NA
ASA:	121000248
ACCT:	4633849393
ACCT NAME: Rivers Edge III Community Development District
Charles Aquatics, Inc.
6869 Phillips Parkway Drive South Jacksonville, FL 32256
904-997-0044
Invoice

 	

	Vendor#			
				
Qty	Description	Rate	Amount	
1	Monthly Aquatic Management Services for 5 ponds - 1 pond at Main Street Phase 2 and 4 ponds at The Haven

Approved RECDD Ill Submitted to AP on 6-2-22 by Jason Davidson
rn-D	n-

By	501.00	501.00	
Thank you so much for your business!	Balance Due	$501.00				
Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Bill To:
Rivers Edge Ill CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice

Invoice #: 26
Invoice Date: 6/1/22
Due Date: 6/1/22
Case:
P.O. Number:

Description	Ho1,1rs/Qty	Rate	Amou.nt

Management Fees - June 2022 Webs.ite Administration c June. 2022 Information Technology- June 2022
Dissemination Agen!Services - June 2022 Office Supplies
Postage
Copies Telephone		1,875.00
1()0.00
150.00
291.(17
2.68
3.18
41.85
9.85	1,875.00
100.00
150.00
291,67
2.68
3.18
41.85
9.85	

Total	$2,474.23	
Payments/Credits	$0.00	
Balance Due	$2,474.23	
Grau and Associates
951 W. Yamato Road, Suite 280 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Rivers Edge /II Community Development District 1001 Bradford Way
Kingston, TN 37763

Invoice No.	 22732 Date	06/01/2022

SERVICE	AMOUNT

Audit FYE 09/30/2021	$
2 400.00
Current Amount Due	$	2 400.00

0 -30	31- 60	61-90	91-120	Over 120	Balance	
2,400.00	2,500.00	0.00	0.00	0.00	4,900.00	
Payment due upon receipt.

G  R  O  U  P

KE Law Group, PLLC
INVOICE
Invoice# 2166 Date: 05/11/2022 Due On: 06/10/2022

P.O. Box 6386 Tallahassee, Florida 32314 United States

Rivers Edge Ill CDD
475 West Town Place Suite 114 St. Augustine, Florida 32092

RE3CDD-01

River's Edge Ill - General Counsel
Type	Professional Date	Notes	Quantity	Rate	Total Service	 LG	04/07/2022 Confer with District Engineer regarding		0.10 $270.00		$27.00
public facilities report.
	
Service	
JK			
04/18/2022	-- ·----·· - -•
Review RFP requests for information and compile addendum comments; confer re: status of conveyance of real property		0.20	$310.00			$62.00		
	Service	LG			04/18/2022	Review agenda package and confer with
Davidson regarding cost-share items.		0.40	$270.00			$108.00		
	Service	JK			04/19/2022	Confer with staff and team on status of
conveyance of ponds and various		0.30	$310.00			$93.00		
						improvements to the District and								
						processes-therefore								
	Service	LG			04/19/2022	Attend conference call regarding property due diligence.		0.10	$270.00			$27.00		
	Service	JK			04/20/2022	
Confer re: interlocal agreement and
operational considerations for same		0.50	$310.00			$155.00		
	Service	LG			04/20/2022	Travel to and attend joint and regular Board meeting.		4.20	$270.00			$1,134.00

-----,----"'· --		
														
	Expense	SD			04/20/2022	Meals: LG - Travel monthly meeting		1.00	$12.94			$12.94		
	Expense	SD			04/20/2022	Mileage: LG - Travel monthly meeting		148.45	$0.58			$86.10		
	Expense	SD			04/20/2022	
Hotel: LG - Lodging monthly meeting		1.00	$55.97			$55.97		
	Service	LG			04/22/2022	Prepare notice of joint meeting for May.		0.10	$270.00			$27.00		
Invoice# 2166 - 05/11/2022

Seivice		JK		04/27/2022	
Review additional landscape inquiries and prepare addendum 4 on same;	0.20	$310.00	$62.00	
					confer with Stilwell on maps and				
					interlocal				
Service		JK		04/28/2022	Review RFPflnterlocal cost methodology with District Manager; update landscape	0.50	$310.00	$155.00	
					maintenance map to coincide with cost				
					share; update cost tables in landscape				
					RFP				
Service		LG		04/28/2022	Review and provide comments to j()_int	0.30	$270.00	$81.00	
					meeting minutes; confer with Kilinski				
					regarding landscape RFP.				
Seivice		LG		04/29/2022	Review draft April minutes; Prepare Verdego work authorization for	0.40	$270.00	$108.00	
					supplemental services.				
Seivice		JK		04/29/2022	Confer with Perry re: supervisor	0.10	$310.00	$31.00	
					transmittal on background for school				

					concurrency			

Total	$2,225.01

Detailed Statement of Account

Other Invoices

Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
1906	05/04/2022	$1,586.78	$0.00	$1,586.78	

Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
2166	06/10/2022	$2,225.01	$0.00	$2,225.01	
			
Outstanding Balance	$3,811.79	
			Total Amount Outstanding	$3,811.79	

Please make all amounts payable to: KE Law Group, PLLC Please pay within 30 days.
[!!1bank.
Corporate Trust Services
EP-MN WN3L
60 Livingston Ave.
St. Paul, MN 55107

RIVERS EDGE Ill COMMUNITY DEVELOPMENT DISTRICT
ATTN JAMES PERRY & DISTRICT MANAGER
475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE FL 32092

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS SERIES 2021 REVENUE ACCOUNT

	The following is a statement of transactions pertaining to your account. For further infonnation please review the attached.
STATEMENT SUMMARY

PLEASE REMIT BOTTOM COUPON PORTION OF THIS PAGE WITH CHECK PAYMENT OF INVOICE.

TOTAL AMOUNT DUE	$4,040.63
All invoices are due upon receipt.

Please detadl at perforation and return bo1tom portion of the statement with your check, payable to U.S. Bank.

RIVERS EDGE Ill COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS SERIES 2021 REVENUE ACCOUNT

Wire Instructions:
U.S. Bank
ABA # 091000022
Acct# 1-801-5013-5135
Trust Acct# 265836000
Invoice# 6537435 Attn: Fee Dept St. Paul

Please mail payments to:
U.S. Bank
CM-9690
PO BOX 70870
St. Paul, MN 55170-9690

Corporate Trust Services EP-MN-WN3l
60 Livingston Ave. St. Paul, MN 55107

RIVERS EDGE Ill COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS SERIES 2021 REVENUE ACCOUNT

Invoice Number:
3/3

6537435

Accounts Included  265836000	265836001	265836002	265836003	265836004	265836005	
In This Relationship: 265836006	265836007					

CURRENT CHARGES SUMMARIZED FOR ENTIRE RELATIONSHIP

Detail of Current Charges	Volume	Rate	Portion of Year	Total Fees	

04200 Trustee	
1.00	
3,750.00	
100.00%	
$3,750.00	
Subtotal Administration Fees - In Advance 05/01/2022 - 04/30/2023	$3,750.00					

Incidental Expenses 05/01/2022 to 04/30/2023	
3,750.00	
0.0775	
$290.63		
Subtotal Incidental Expenses			$290.63		
TOTAL AMOUNT DUE			$4,040.63		

The fees shown on this invoice are reflective of the most recent fee schedule or notice offee adjustment proVided by U.S. Bank.
Page 2 of 2

BILL TO	FROM
Invoice
Invoice #: 8362C Date: 06/01/2022 Customer PO:
DUE DATE: 06/30/2022

Rivers Edge CDD III
475 West Town Place, Suite 114 Saint Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#6120 - Standard Maintenance Contract June 2022
Invoice Notes:

AMOUNT
$15,254.31

Thank you for your business!	AMOUNT DUE THIS INVOICE	$15,254.31

Approved RECDD Ill Submitted to AP on 6-2-22 by Jason Davidson
n,D	n-

.,...N. DSCAPE	Approved RECDD Ill pond bank erosion repair sent to AP on 05/24/22 by Johnathan Perry
J Pe-rr3

BILL TO	FROM
Invoice
Invoice#: 8200 Date: 05/13/22 Customer PO:
DUE DATE: 06/12/2022

Rivertown - RECDDIII
475 West Town Place, Suite 114 St. Augustine, FL 32092
VerdeGo PO Box 789
3335 North State Street Buuuell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#768 I - Sod in Haven
Install Sod onto dirt drainage berms created to divert water into drains.
AMOUNT

Landscape Enhancement				$483.78	
Labor and Prep (Labor)	3	$44.66	$133.98		
Sod Installed - Bahia (Sub)	400	$0.40	$159.00		
Sod Installed - St. Augustine (Sub)	1	$190.80	$190.80		
Invoice Notes:					

Thank you for your business!
AMOUNT DUE TIDS INVOICE
$483.78

"\'nmRDEGO
VVNDSCAPJ;

Approved RECDD 1, 2 and 3 cost share annual repacement sent to AP on 05/16/22 by Johnathan Perry
J?'Ph-rf"!:J
Invoice
Invoice#: 8201 Date: 05/13/22 Customer PO:
DUE DATE: 06/12/2022

BILL TO	FROM

Rivertown - RECDDI
475 West Town Place, Suite 114 St. Augustine, FL 32092
VerdeGo POBox789
3335 North State Street Bunnell, FL 32110
Phone: 386-437-3122
www.verdego.com

DESCRIPTION
#8162 - Storm Damaged Annuals

Replace annuals damaged by storm on 4/17. The hail and wind broke stems and damaged leaves making replacement necessary. This rotation is outside of the contracted 4 rotations.
AMOUNT

Landscape Enhancement				$4,724.76	
Labor and Prep (Labor)	6.00	$44.66	$267.96		
Subcontract Annuals - Standard (Sub)	3714.00	$1.20	$4,456.80		
Invoice Notes:					

Thank you for your business!
AMOUNT DUE TIDS INVOICE
$4,724.76 /3
$ /, 51'1.'12.