Rivers Edge III Community Development District

April 19, 2023

AGENDA

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

April 12, 2023

Board of Supervisors
Rivers Edge III Community Development District Dear Board Members:
The Rivers Edge III Community Development District Board of Supervisors Meeting is scheduled to be held on Wednesday, April 19, 2023 at 9:30 a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida 32259.
Following is the revised agenda for the meeting:

Call to Order

Public Comment

Approval of Consent Agenda
Minutes of the March 15, 2023 Board of Supervisors Meeting

Financial Statements as of February 28, 2023

Check Register

Staff Reports
District Counsel

District Engineer

District Manager – Overview of the Fiscal Year 2024 Budget

Operations & Maintenance – Pond Report

Landscape and Irrigation Maintenance – Monthly Report

Business Items
Acceptance of the Fiscal Year 2022 Audit Report

Items to be Considered
Funding Request No. 34

Proposal for Mound Repair (Cost Share Item)

Proposal for Coquina Boulder Installation (Cost Share Item)

Proposal for Plant Material Replacement for The Manor (Cost Share Item)

Addition of The Settlement to the Landscape Maintenance and Aquatic Management Contracts (Cost Share Items)
Landscape Maintenance

Aquatic Management

FDOT Right-of-Way Conveyance

Other Business

Supervisor Requests

Audience Comments

Next Scheduled Meeting – May 17, 2023 at 9:30 a.m. at the RiverTown Amenity Center

Adjournment

THIRD ORDER OF BUSINESS

A.

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, March 15, 2023 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
Adam Davis	Supervisor

Also present were:

Howard McGaffney	District Manager
Lauren Gentry	District Counsel
Jeff Mason	District Engineer
Jason Davidson	Vesta
Kevin McKendree	Vesta
Erik Olsen	Vesta
Jay King	Vesta
Brad Poor	Yellowstone Landscape
Garrett Cannady	Yellowstone Landscape

The following is a summary of the discussions and actions taken at the March 15, 2023 meeting.

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

SECOND ORDER OF BUSINESS	Public Comment
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes
February 15, 2023 Board of Supervisors meeting
February 15, 2023 Special Joint Meeting
There being no comments on the minutes, the following motion was made.

March 15, 2023	Rivers Edge III CDD

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the minutes of the February 15, 2023 Board of Supervisors and Special Joint meetings were approved as presented.

FOURTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being nothing to report, the next item followed.

District Engineer
There being nothing to report, the next item followed.

District Manager
There being nothing to report, the next item followed.

Operations & Maintenance – Pond Report
A copy of Charles Aquatics’ monthly pond service report was included in the agenda package for the Board’s review.
Mr. Smith stated that a board member from another CDD pointed out charges in the financial statements for personal vehicle expenses on Vesta’s invoices and asked for an explanation since Vesta’s staff can use a side-by-side and a vehicle given to them by the developer.
Mr. Davidson responded that the side-by-side and truck are used by maintenance staff so the mileage reimbursement would be Mr. McKendree’s use of his vehicle for inspecting the community.
Ms. Gentry added that the second amendment to the Vesta agreement provided for mileage reimbursement for certain employees conducting District business with either a Vesta owned vehicle, or personal vehicle and includes travel within the District’s property and offsite with reimbursement at rates consistent with IRS guidelines.

Landscape and Irrigation Maintenance – Monthly Report
Mr. Poor provided an overview of Yellowstone’s monthly landscape maintenance report, a copy of which was included in the agenda package.

FIFTH ORDER OF BUSINESS	Items to be Considered

March 15, 2023	Rivers Edge III CDD

Consideration of Funding Request No. 33
A copy of funding request 33 totaling $91,560.29 was included in the agenda package.
Mr. Smith asked if someone is checking monthly landscape invoice amounts to ensure they are remaining in budget.
Mr. McGaffney responded that he will check that the expenditures are falling within the overall budget, and if not, a budget amendment will be necessary.
Mr. Smith asked the engineer to review the IQ irrigation monitoring system.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor funding request number 33 was approved.

Proposals for Construction of State Road 13 Roundabout 3; Resolution 2023- 08
Ms. Gentry reminded the board that bids were previously received for the State Road 13 Roundabout project, however they were all over budget, so this is a second attempt at obtaining bids.
Mr. Mason provided an overview of the three bids received from Baker Construction, Vallencourt Construction and Burnham Construction, which ranged from $4,024,838.76 to
$6,995,000. Burnham provided the quickest timeline for completion at 10 months, and Baker provided the longest timeline for completion at 18 months.
Ms. Gentry went over the evaluation criteria and explained that the price criteria has two components – a component for dollar amount which is computed mathematically, and a component for reasonableness which is subjective. She noted Burnham will automatically receive 15 points for price given that they are the lowest bidder. The remaining 10 points are up to the Board on reasonableness. Mr. Smith then went over his scores, which added up to 84 points for Baker, 90 points for Vallencourt and 100 points for Burnham. The motion was made below to accept Mr. Smith’s rankings.

On MOTION by Mr. Thomas seconded by Mr. Davis with all in favor accepting Mr. Smith’s rankings with Burnham Construction #1 at 100 points, Vallencourt Construction #2 at 90 points, and Baker Construction #3 at 84 points was approved along with Resolution 2023-08.

March 15, 2023	Rivers Edge III CDD

Proposal for Replacing Plant Material
Mr. Poor presented the proposal to replace plant material killed off by frost in the amount of $4,497.50.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the proposal from Yellowstone to replace plant material was approved.

SIXTH ORDER OF BUSINESS	Other Business
There being no other business, the next item followed.

SEVENTH ORDER OF BUSINESS	Supervisor Requests
There being none, the next item followed.

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

NINTH ORDER OF BUSINESS	Next Scheduled Meeting – April 19, 2023 at
9:30	a.m.	at	the	RiverTown	Amenity Center
Mr. McGaffney noted that he hopes to have a draft budget for Fiscal Year 2024 available for review at the April meeting.

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

B.

Rivers Edge III
Community Development District
Unaudited Financial Reporting February 28, 2023

Rivers Edge III
Community Development District Combined Balance Sheet February 28, 2023

Governmental Fund Types
Debt	Capital	Totals
	General			Service			Projects		(Memorandum Only)
Assets:
Cash	
$98,700		
---		
---		
$98,700	
Due From Developer	$173,877		---		---		$173,877	
Due From Other	$5,387		---		---		$5,387	
Custody	$200,311		---		---		$200,311	
Investment - SBA
Series 2021
Reserve	$150,793

---		---

$275,400		---

---		$150,793

$275,400	
Revenue	---		$462,615		---		$462,615	
Capital Interest	---		$3,334		---		$3,334	
Acquisition & Construction	---		---		$3,352		$3,352	
Utility Deposits	$1,890		---		---		$1,890	
Total Assets		$630,957 			$741,349 			$3,352 			$1,375,658 	

Liabilities:
Accounts Payable	

$177,020		

---		

---		

$177,020	
Accrued Expenses	$27,279		---		---		$27,279	
Fund Balances:
Nonspendable	
$1,890		
---		
---		
$1,890	
Restricted for Debt Service	---		$741,349		---		$741,349	
Restricted for Capital Projects	---		---		$3,352		$3,352	
Unassigned	$424,768		---		---		$424,768	
Total Liabilities and Fund Equity		$630,957 			$741,349 			$3,352 			$1,375,658 	

Rivers Edge III
Community Development District Statement of Revenues & Expenditures For The Period Ending February 28, 2023

ADOPTED
Description	BUDGET	PRORATED BUDGET
THRU 2/28/23	
ACTUAL THRU 2/28/23	

VARIANCE	

Revenues:					
Developer Contrubutions	$595,511	$435,511	$435,511	$0	
Assessments-Tax Roll	$280,950	$269,487	$269,487	$0	
Administrative Assessments on Unplatted Land	$78,950	$78,950	$78,950	$0	
Miscellaneous Income/Interest	$0	$0	$1,235	$1,235	
Total Revenues	$955,411	$783,948	$785,183	$1,235	

Expenditures					
Administrative					
Engineering	$5,000	$2,083	$777	$1,306	
Arbitrage	$600	$250	$0	$250	
Dissemination Agent	$3,500	$1,458	$1,458	$0	
Attorney	$25,000	$10,417	$5,889	$4,528	
Trustee Fees	$4,000	$2,188	$2,188	$0	
Management Fees	$28,000	$11,667	$11,667	$0	
Annual Audit	$5,800	$2,417	$2,500	($83)	
Assessment Administration	$5,000	$5,000	$5,000	$0	
Information Technology	$1,200	$500	$500	$0	
Website Administration	$1,800	$750	$750	$0	
Telephone	$150	$63	$44	$19	
Postage	$250	$104	$63	$41	
Printing & Binding	$1,000	$417	$208	$208	
Insurance	$5,822	$5,822	$10,757	($4,935)	
Legal Advertising	$1,500	$625	$302	$323	
Other Current Charges	$800	$333	$400	($67)	
Office Supplies	$150	$63	$6	$57	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Total Administrative	$89,747	$44,330	$42,683	$1,647	

Grounds Maintenance					
Landscape Maintenance	$201,455	$83,940	$135,778	($51,838)	
Landscape Contingency	$0	$0	$6,900	($6,900)	
Irrigation Repairs	$0	$0	$2,994	($2,994)	
Lake Maintenance	$7,000	$2,917	$4,879	($1,962)	

Rivers Edge III
Community Development District Statement of Revenues & Expenditures For The Period Ending February 28, 2023

ADOPTED
Description	BUDGET	PRORATED BUDGET
THRU 2/28/23	
ACTUAL THRU 2/28/23	

VARIANCE	

Electric	
$1,500	
$625	
$141	
$484	
Sewer/Water/Irrigation	$13,800	$5,750	$1,972	$3,778	
Cost Share Landscaping- Rivers Edge	$179,286	$74,703	$74,703	$0	
Repair & Replacements	$7,225	$7,225	$22,175	($14,950)	
Total Field Operations	$410,266	$175,159	$249,541	($74,382)	

Amenity Center					
Cost Share Amenity- Rivers Edge	$316,559	$131,900	$131,900	($0)	
Cost Share Amenity- Rivers Edge II	$138,839	$57,850	$57,850	($0)	
Total Field Operations	$455,398	$189,749	$189,749	($0)	
					
Total Expenditures	$955,411	$409,238	$481,973	($72,735)	
					
Excess Revenues/Expenses	$0		$303,210		
Net Change in Fund Balance	$0		$303,210		
Fund Balance - Beginning	$0		$123,449		
					
Fund Balance - Ending	$0		$426,658		

Rivers Edge III Community Development District
General Fund
Month By Month Income Statement Fiscal Year 2023
	October	November	December	January	February	March	April	May	June	July	August	September	Total	

Revenues:
Developer Contributions	

$3,941	

$110,024	

$59,236	

$88,433	

$173,877	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$435,511	
Assessments-Tax Roll	$0	$11,067	$61,894	$143,054	$53,471	$0	$0	$0	$0	$0	$0	$0	$269,487	
Administrative Assessments on Unplatted Land	$39,475	$19,738	$19,738	$0	$0	$0	$0	$0	$0	$0	$0	$0	$78,950	
Miscellaneous Income/Interest	$48	$59	$71	$404	$653	$0	$0	$0	$0	$0	$0	$0	$1,235	
Total Revenues	$43,464	$140,888	$140,939	$231,891	$228,001	$0	$0	$0	$0	$0	$0	$0	$785,183	

Expenditures:														
Administrative Engineering	
$235	
$293	
$249	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$777	
Arbitrage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dissemination Agent	$292	$292	$292	$292	$292	$0	$0	$0	$0	$0	$0	$0	$1,458	
Attorney	$2,140	$1,807	$1,942	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,889	
Trustee Fees	$2,188	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,188	
Management Fees	$2,333	$2,333	$2,333	$2,333	$2,333	$0	$0	$0	$0	$0	$0	$0	$11,667	
Annual Audit	$0	$0	$0	$0	$2,500	$0	$0	$0	$0	$0	$0	$0	$2,500	
Assessment Administration	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Information Technology	$100	$100	$100	$100	$100	$0	$0	$0	$0	$0	$0	$0	$500	
Website Administration	$150	$150	$150	$150	$150	$0	$0	$0	$0	$0	$0	$0	$750	
Telephone	$23	$21	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$44	
Postage	$3	$3	$46	$6	$5	$0	$0	$0	$0	$0	$0	$0	$63	
Printing & Binding	$96	$66	$24	$12	$10	$0	$0	$0	$0	$0	$0	$0	$208	
Insurance	$7,614	$0	$0	$3,143	$0	$0	$0	$0	$0	$0	$0	$0	$10,757	
Legal Advertising	$302	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$302	
Other Current Charges	$0	$0	$0	$400	$0	$0	$0	$0	$0	$0	$0	$0	$400	
Office Supplies	$3	$3	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Total Administrative	$20,653	$5,067	$5,137	$6,436	$5,390	$0	$0	$0	$0	$0	$0	$0	$42,683	

Grounds Maintenance Landscape Maintenance	

$26,915	

$26,915	

$27,516	

$27,516	

$26,915	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$135,778	
Landscape Contingency	$1,980	$0	$4,920	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,900	
Irrigation Repairs	$2,994	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,994	
Lake Maintenance	$766	$766	$1,815	$766	$766	$0	$0	$0	$0	$0	$0	$0	$4,879	
Electric	$28	$28	$28	$28	$28	$0	$0	$0	$0	$0	$0	$0	$141	
Sewer/Water/Irrigation	$171	$693	$532	$213	$364	$0	$0	$0	$0	$0	$0	$0	$1,972	
Cost Share Landscaping- Rivers Edge	$14,941	$14,941	$14,941	$14,941	$14,941	$0	$0	$0	$0	$0	$0	$0	$74,703	
Repair & Replacements	$0	$0	$18,399	$0	$3,776	$0	$0	$0	$0	$0	$0	$0	$22,175	
Total Grounds Maintenance	$47,794	$43,343	$68,151	$43,464	$43,013	$0	$0	$0	$0	$0	$0	$0	$249,541	

Amenity Center
Cost Share Amenity- Rivers Edge	

$26,380	

$26,380	

$26,380	

$26,380	

$26,380	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$131,900	
Cost Share Amenity- Rivers Edge II	$11,570	$11,570	$11,570	$11,570	$11,570	$0	$0	$0	$0	$0	$0	$0	$57,850	
Total Amenity Center	$37,950	$37,950	$37,950	$37,950	$37,950	$0	$0	$0	$0	$0	$0	$0	$189,749	
														
Total Expenditures	$106,397	$86,359	$111,238	$87,850	$86,353	$0	$0	$0	$0	$0	$0	$0	$481,973	
														
Excess Revenues (Expenditures)	($62,933)	$54,529	$29,701	$144,041	$141,648	$0	$0	$0	$0	$0	$0	$0	$303,210	

Rivers Edge III
Community Development District Debt Service Fund - Series 2021 Statement of Revenues & Expenditures For The Period Ending February 28, 2023

ADOPTED	PRORATED
BUDGET	
ACTUAL		
Description	BUDGET	THRU 2/28/23	THRU 2/28/23	VARIANCE	

Revenues:					
Assessments - Tax Roll	$193,442	$185,549	$185,549	$0	
Assessments - Direct Bill	$357,352	$268,014	$268,014	$0	
Interest Income	$1,500	$1,500	$6,337	$4,837	
Total Revenues	$552,294	$455,063	$459,900	$4,837	

Expenditures					
Series 2021
Interest 11/1	
$173,025	
$173,025	
$173,025	
$0	
Interest 5/1	$205,000	$0	$0	$0	
Principal 5/1	$173,025	$0	$0	$0	
Total Expenditures	$551,050	$173,025	$173,025	$0	
					
Excess Revenues (Expenditures)	$1,244	$282,038	$286,875	$4,837	
					
Net Change in Fund Balance	$1,244	$282,038	$286,875	$4,837	
					
Fund Balance - Beginning	$183,222		$454,474		
					
Fund Balance - Ending	$184,466		$741,349		
		
Reserve	
$275,400		
		Revenue	$462,615		
		Capitalized Interest	$3,334		
			$741,349		

Rivers Edge III
Community Development District
Capital Projects Funds
Statement of Revenues & Expenditures For The Period Ending February 28, 2023

Description

SERIES 2021

Revenues:		
Interest Income	$46	
Bond Proceeds	$0	
Total Revenues	$46	

Expenditures:		
Capital Outlay	$0	
Cost of Issuance	$0	
Underwriters Discount	$0	
Total Expenditures	$0	
		
Excess Revenues (Expenditures)	$46	

Other Sources & Uses:		
Transfer In/ (Out)	$0	
Total Other Sources & Uses	$0	
		
Net Change in Fund Balance	$46	
		
Fund Balance - Beginning	$3,305	
		
Fund Balance - Ending	$3,352	

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:	$275,400	
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 22	FY 23	Due To	

28	
10/12/22	
11/1/22	
$36,661.67	
$32,720.94	
$3,940.73	
$0.00	
29	11/8/22	12/12/22	$116,197.36	$6,173.19	$110,024.17	$0.00	
30	12/7/22	12/22/22	$59,235.86	$0.00	$59,235.86	$0.00	
31	1/9/23	2/1/23	$88,433.30	$0.00	$88,433.30	$0.00	
32	2/8/23			$0.00	$173,877.24	($173,877.24)	
Total				$38,894.13	$435,511.30	($173,877.24)	

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT	
SUMMARY OF FISCAL YEAR 2023 ASSESSMENTS	
10/1/22 - 9/30/23	

	ASSESSED	

ASSESSED TO	

# UNITS	SERIES 2021
DEBT INVOICED NET	

FY23 O&M	
TOTAL NVOICED NET	
MATTAMY	337	357,352.44	78,950.00	436,302.44	
				-	
TOTAL DIRECT BILLS	337	357,352.44	78,950.00	436,302.44	

NET REVENUE TAX ROLL	

1,312	

193,441.78	

280,949.59	

474,391.37	
TOTAL REVENUE	1,649	550,794.22	359,899.59	910,693.81	

RECEIVED	

SERIES 2021 DEBT PAID	

O&M PAID	

TOTAL PAID	BALANCE DUE /
(DISCOUNTS NOT TAKEN)	
268,014.33	78,950.00	346,964.33	89,338.11	
-	-	-	-	
268,014.33	78,950.00	346,964.33	89,338.11	

185,549.12	

269,486.51	

455,035.63	

19,355.74	
453,563.45	348,436.51	801,999.96	108,693.85	

DIRECT BILL PERCENT COLLECTED	75.00%	100.00%	79.52%	
TAX ROLL PERCENT COLLECTED	39.11%	95.92%	95.92%	
TOTAL PERCENT COLLECTED	82.35%	96.81%	88.06%	

			

(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	11/2/2022	-	-	-	
2	11/17/2022	14,534.57	5,926.74	8,607.83	
3	11/28/2022	4,152.73	1,693.35	2,459.38	
4	12/12/2022	42,911.53	17,497.96	25,413.57	
5	12/15/2022	61,598.78	25,118.03	36,480.75	
6	1/20/2023	241,550.32	98,496.57	143,053.75	
INTEREST	2/1/2023	636.36	259.49	376.87	
7	2/21/2023	89,651.34	36,556.98	53,094.36	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
			-	-	
TOTAL TAX ROLL RECEIPTS	455,035.63	185,549.12	269,486.51	

C.

Rivers Edge III
Community Development District

Check Run Summary
March 31, 2023

Fund	Date	Check No.	Amount	

General Fund	

3/3/13	

274	

$	3,143.00	
	3/13/23	275-287	$ 173,877.24	
Total			$ 177,020.24	

* Check # 257 for $150,000 is investing funds with State Board of Administration.

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/10/23	PAGE	1
*** CHECK DATES 03/01/2023 - 03/31/2023 ***	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	#
3/03/23 00001	1/06/23 17820	202301 310-51300-45000	*	3,143.00
UPDATED SCHED POLICY CHNG

-	-	-	- -	-	-	-	-	-	-	- - - -	
			*							766.00	

EGIS INSURANCE ADVISORS, LLC	3,143.00 000274

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00010	2/01/23 47327	202302 320-57200-46800
FEB LAKE MAINTENANCE

- - - - - - - -

CHARLES AQUATICS INC	766.00 000275

3/13/23 00003	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	
	2/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
35	202302 310-51300-34000	*	2,333.33
FEB MANAGEMENT FEES
35	202302 310-51300-35100	*	150.00
FEB WEBSITE ADMIN
35	202302 310-51300-35100	*	100.00
FEB INFORMATION TECH
35	202302 310-51300-32400	*	291.67
FEB DISSEMINATION SERVICE
35	202302 310-51300-51000	*	.24
OFFICE SUPPLIES
2/01/23 35	202302 310-51300-42000	*	4.80
POSTAGE
2/01/23 35	202302 310-51300-42500	*	10.35
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	2,890.39 000276
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00012	2/02/23 23593	202302 310-51300-32200	*	2,500.00
AUDIT FYE 9/30/22
GRAU AND ASSOCIATES	2,500.00 000277
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00013	1/22/23 5376	202212 310-51300-31500	*	1,942.03
DEC GENERAL COUNSEL
KILINSKI VAN WYK	1,942.03 000278
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00005	1/19/23 49416	202212 310-51300-31100	*	249.38
DEC PROFESSIONAL SERVICES
PROSSER	249.38 000279
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00011	2/01/23 CS-2023- 202302 320-57200-49100	*	14,940.50 CS LANDSCAPE FEB 2023
2/01/23 CS-2023- 202302 320-57200-49200	*	26,379.92 CS AMENITY FEB 2023
RIVERS EDGE CDD	41,320.42 000280
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00011	2/01/23 02012023 202302 320-57200-60000	*	582.75
REIMBURSE CS ITEMS
RIVERS EDGE CDD	582.75 000281
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RE3C RV ED III	OKUZMUK

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/10/23	PAGE	2
*** CHECK DATES 03/01/2023 - 03/31/2023 ***	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	#
3/13/23 00011	2/07/23 02072023 202302 320-57200-60000	*	409.33
REIMBURSE CS ITEMS
RIVERS EDGE CDD	409.33 000282
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00019	2/01/23 CS-2023- 202302 300-20700-10100	*	11,569.92 CS AMENITY FEB 2023
RIVERS EDGE II CDD	11,569.92 000283
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00019	2/01/23 02012023 202302 320-57200-60000	*	622.67
REIMBURSE CS ITEMS
RIVERS EDGE II CDD	622.67 000284
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00019	2/01/23 02012023 202302 320-57200-60000	*	1,177.32
REIMBURSE CS ITEMS
RIVERS EDGE II CDD	1,177.32 000285
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00019	2/07/23 02072023 202302 320-57200-60000	*	984.21
REIMBURSE CS ITEMS
RIVERS EDGE II CDD	984.21 000286
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/23 00028 10/15/22 JAX44506 202210 320-57200-46100	*	26,914.95 OCT LANDSCAPE MAINTENANCE
11/15/22 JAX45912 202211 320-57200-46100	*	26,914.95 NOV LANDSCAPE MAINTENANCE
12/01/22 JAX47044 202212 320-57200-46100	*	27,516.46 DEC LANDSCAPE MAINTENANCE
1/01/23 JAX47985 202301 320-57200-46100	*	27,516.46 JAN LANDSCAPE MAINTENANCE
YELLOWSTONE LANDSCAPE	108,862.82 000287
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	177,020.24
TOTAL FOR REGISTER	177,020.24

RE3C RV ED III	OKUZMUK

Rivers Edge Ill Community Development District
1017	
01/06/2023	

Kristina Rudez	

INVOICE

•
9,t§ce & Risk l\clv1sors

	$.	
$	3,143.00

Rivers Edge Ill Community Development District c/o Governmental Management Services
475 West Town Place, Ste 114
St. Augustine 32092

Please detach and return with payment

lnvoice#17820

Thank Yem

x----------------------------

Customer: Rivers Edge Ill Community Development District

3,143.00	

17820	

01/01/2023	

Policy change	Policy #100122475 10/01/2022-10/01/2023
Florida Insurance Alliance

Package - Updated Prop Sched Site Visit Due Date: 1/6/2023

		
		
	$	3,143.00	
	Thank You	
FOR PAYMENTS SENT OVERNIGHT:
Bank of America Lockbox Services, Lockbox 748555, 6000 Feldwood Rd. College Park, GA 30349		

Remit Payment To: Egis Insurance Advisors
P.O. Box 748555
Atlanta, GA 30374-8555

(321)233-9939

sc!imer@egisadvisors.com

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

Invoice

Date	Invoice#	
2/1/2023	47327	

Rivers Edge CDD 3
475 West Town Place, Suite 114 St Augustine, FL 32092

Bill To

3/3/2023

Due Date

	Vendor#	
		
Qty	Description	Rate	Amount	
I	Monthly Aquatic Management Services for 5 ponds - I pond at Main Street Phase 2 and 6 ponds at The Haven

Approved RECDD Ill Submitted to AP on 2-1-2023 by Jason Davidson
�n,	D�n,

This is for monthly pond services - JD
!· 32 •57'J-,l-({,,i3'
10 ;;;,;
��	[

By		766.00	766.00	
Thank you so much for your business!		Balance Due	
$766.00	

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

Invoice

Bill To:
Rivers Edge Ill CDD 475 West Town Place Suite114
St. Augustine, FL 32092

Invoice#: 35
Invoice Date: 2/1/23
Due Date: 2/1/23
Case:
P.O. Number:

Management Fees - February 2023 I· 31 • 6 t:;• '3 &/ Website Administration - February 2023 / • Jf-513, 3 5 f Information Technology- February 2023,	·31 • o/3· 351
Dissemination Agent Services - February 2023, 3/ ·6/J,32-lf
Office Supplies r 3I -5I 3 -5 I
Postage /-31-513- v/2-

Copies /- 31 . 0 I 3 - '1z_ 5

3

Description

Hours/Qty	Rate	Amount

 	
2,333.33	2,333.33	
1so:oo	150.00	
100.00	100.00	
291.67	291.67	
0.24	0.24	
4.80	4.80	
10.35	10.35	
Total	$2,890.39	
Payments/Credits	$0.00	
Balance Due	$2,890.39	

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.	 23593 Date	02/02/2023

SERVICE	AMOUNT

Audit FYE 09/30/2022	$

2 500.00

Current Amount Due

$	2 500 00

O fl 2023

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.

G  R  O  U  P

KE Law Group, PLLC

INVOICE
Invoice# 5376 Date: 01/22/2023 Due On: 02/21/2023

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

J,31·Sf3 ·315
1)

Type	Professional	Date	Notes	Quantity	Rate	Total	
Service	LG	12/02/2022	Review November minutes.	0.20	$310.00	$62.00	
Service	JK	12/08/2022	Continue review of due diligence materials for project turnover and draft addendum for	0.40	$315.00	$126.00	
			additional services for landscape				
			maintenance services				
Service	JK	12/09/2022	Review mileage communication and
review Vesta contract on same; confer with	0.10	$315.00	$31.50	
			District Manager				
Service	JK	12/13/2022	Review agenda package; prepare for Board meeting; confer with staff re:	0.70	$315.00	$220.50	
			easements/fencing options; review notice				
			to owner and confer re: improvement				
			options and supporting materials				
Service	JK	12/14/2022	Travel to/from and attend Board meeting	2.80	$315.00	$882.00	
Service	JK	12/15/2022	Begin preparing/updating RFP for amenity
management and documents for same	0.30	$315.00	$94.50	
Service	JK	12/16/2022	Conference call with district manager re:
cost share components, Vesta request for	0.20	$315.00	$63.00	
			contract reimbursements and related				
			information				
Expense	AL	12/21/2022	Mileage: Mileage for JK	124.00	$0.625	$77.50	
Expense	AL	12/21/2022	Meals: Meals for JK	1.00	$4.71	$4.71	
Expense	AL	12/21/2022	Tolls: Tolls for JK	1.00	$5.32	$5.32	

Invoice# 5376 - 01/22/2023

Service	JK	12/23/2022	Review meeting minutes and provide extensive edits; begin HOA package transmission and easement summaries; confer re: draft meeting agenda	0.20	$315.00	$63.00	
Service	LG	12/27/2022	Prepare public information fiyer regarding
stormwater ponds and easements.	0.60	$310.00	$186.00	
Service	JK	12/28/2022	Review/transmit correspondence re:
easement encroachment prohibit to POA	0.20	$315.00	$63.00	
			and District Manager; finalize easement				
			informational dissemination review				
Service	JK	12/29/2022	Update newsletter re: easements; confer with OM re: Vesta pricing structure and	0.20	$315.00	$63.00	
			review information on same				

Total	
$1,942.03	

Detailed Statement of Account

Other Invoices

Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
5075	01/11/2023	$1,807.08	$0.00	$1,807.08	
Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
5376	02/21/2023	$1,942.03	$0.00	$1,942.03	
			Outstanding Balance	$3,749.11	
			Total Amount Outstanding	$3,749.11	

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

/;c"'-

PROSSER
A PRIRIE ' Company

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

Project	113094.80	Rivers Edge Ill COD For services including attend December CDD meeting.
Professional Services from December 1. 2022 to December 31. 2022 Professional Personnel

January 19, 2023 Project No: Invoice No:

113094.80
49416

	Hours	Rate	Amount	
Principal	1.00	235.00	235.00	
Totals	1.00		235.00	
Total Labor			235.00	

Reimbursable Expenses
Travel - Reimbursable - Mileage
Travel - Reimbursable- Mileage Client OV
Total Reimbursables

8.90
3.60
1.15 times	12.50	14.38
Total this Invoice	$249.38

Outstanding Invoices
Number
49223
Total

Date
12/13/2022

Balance
292.50
292.50

13901 Sutton Park Drive South, Suite 200 I Jacksonville, FL 32224-0229 I 904.739.3655I 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#

2/1/23
CS-2023-FEB

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

DESCRIPTION	AMOUNT	

Cost Share-Landscaping for February 2023 I ·3 2.• 57 2.' 'f"i/	
$	14,940.50	

Cost Share- RiverTown Amenity for February 2023 J, 32 '672 'lf 12	
$	26,379.92	
I I		

TOTAL	$	41,320.42	
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!

Rivers Edge ID

COMMUNITY DEVELOPMENT DI/,TijUC:	·7;:;;:;·

General Fund

Check Request

Date	Amount	Authorized By

February I, 2023	$582.75	Marilee Giles

Payable to:

Rivers Edge COD #I I

I

Date Check Needed:
ASAP

Budget Category:

I

00 I .320.57200.60000

	

To reimburse the followine cost share items naid out of RE & RE II COD General Fund Fund	

Painting Proiects for entrv monument/towers at Lonoleaf and Keystone	

Rivers EMe II COD - Investment Paintine ofNorth Florida lnv#3034 CK#I057	

Rivers Edge COD - Investment Paintino of North Florida Inv#3034 CK#5350	

Rivers EMe II COD - Investment Paintine of North Florida Inv#3034 CK#!177	

/Attach sunnortina documentation for reauest.)	

Intended Use of Funds Reauested·

/f/1

a,,1	Approved RECDD 2 Monument Painting sent to AP on 07/18/22 by Johnathan Perry
INVESTMENT'  PAINTING	J�	7>81"1"!:f
Of 	NORTH	flORIDA
904-307-6649
Painting-Pressure Washing Stucco Repair
II]h,ves!rner1IPi<iuLil'{JO!Nrnll,F!o1lda

Investment Painting Of North Florida

RiverTown
Rivers Edge COD 2

INVOICE	/13034
SERVICE DATE	Oct 03, 2022
INVOICE DATE	Jul 16, 2022
DUE	Upon receipt

DEPOSIT DUE	$500.00

SERVICE ADDRESS

475 West Town Place, 114
St. Augustine, FL 32092

¼  (904) 307-8313

ff	IE Il W ff ®\

t \

H\l JUL 1 8 2022
BV--	. J

CONTACT US
229 S Torwood Drive Saint Johns, FL 32259

fi:;11 jperry@vestapropertyservices.com

INVOICE

,. 32, ,srz·&o
It-/I

'-" (904) 307-6649
ii;;ii lnvestmentpaintingfl@yahoo.com

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0   $4,850.00
Pressure wash towers and entry way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

Repaint interior (black metal also)
Excludes exterior of roofs and signage of Rivertown Price includes labor materials and taxes.

Total Deposit

$4,850.00

$4,850.00

$500.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you receivedI You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved job.

Investment Painting Of North Florida I ST-

hllp://www.investmentpaintingofnorthfl.com	1 of 2

·Iii
INVESTMENT' PAINTING
Of  NORTH	FLORIDA
904-307-6649
Palntfng•Pressure Washing Stucco Repair
(j "1 n hn<l11ll;'fmlfir,9oll-lo1U1Ftofi1!u

Approved RECDD 11 Submitted to AP on 12-8-2022 by Jason Davidson
rtv	D	!v

INVOICE SERVICE DATE INVOICE DATE DUE

AMOUNT DUE

#3034
Oct 17, 2022
Jul 16, 2022
Upon receipt

$2,175.00

Investment Painting Of North FIQrida

RECDD11.
Rivers Edge
475 West Town Place, 114 St. Augustine, FL 32092

·· (904) 440-5668
i,;l!! jdavidson@vestapropertyservices.com

SERVICE ADDRESS

CONTACT US
229 S Torwood Drive
Saint Johns, FL 32259

\,, (904) 307-6649
lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0  $4,850.00
Pressure wash towers and entIy way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

$4,850.00

Repaint interior (black metal also)

Excludes exterior of roofs and signage of Rivertown Price includes labor materials and taxes.

I· 3Z • 572 .I., 0
/'-fl

Total	$4,850.00

Investment Painting Of North Florida I ST-	http://www:lnvestmentpaintingofnorthfl.com	1 of 2

INVOICE SERVICE DATE INVOICE DATE
DUE

#3034
Oct 17, 2022
Jul 16,2022
Upon receipt

DEPOSIT DUE

$2,175.00

ev

INVESTMENT' PAINTING
Of  NORTH	FLORIDA
904-307-6649
Painting-Pressure Washing
Stucco Repair
[j 1nves\rncnlPa,O!inyO/Mn<1hFIUrlda
Investment Painting Of North Florida

Rivers Edge CDD Rivers Edge CDD
475 West Town Place, 114
St. Augustine, FL 32092

CONTACT US
229 S Torwood Drive Saint Johns, FL 32259

'i ., (904) 307-8313
\';,il jperry@vestapropertyservlces.com	,. (904) 307-6649 lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0  $4,850.00
Pressure wash towers and entry way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

$4,850.00

Repaint interior (black metal also)			
Excludes exterior of roofs and signage of Rivertown	rn O I :		

Price includes labor materials and taxes.	\ Sy	 •  -=	\		

Total
1.33.572. • '!S7
Deposit	3,7		$4,850.00
$2,175.00	

!,

Payment History
Aug 25	Thu 5:42pm	Check	$500.00

 	

Investment Painting Of North Florida I ST-

htlp:/twww.investmentpalntingofnorthfl.com	,	of 2

Rivers Edge ID

1

COMMUNITY DEVELOPMENT DISTRICT

General Fund

0
Check Request

Date	Amount

February 7, 2023	$409.33	Marilee Giles

Payable to:

Rivers Edge CDD #11

I

Date Check Needed:
ASAP

Budget Category:

i

00l .320.57200.60000

	

To reimburse the followine cost share items naid out of RE CDD & RE II CDD General Fund	

Painting Proiects for the Pirate Shin Pla""round	

Rivers Edee II CDD - Investment Paintine of North Florida Inv#3035 CK#I058	

Rivers Edge CDD - Investment Paintins of North Florida Inv#3035 CK#5351	

Rivers Edge II CDD - Investment Paintine of North Florida Inv#3035F CK#l207	

(Attach sunnortina documentation for reauest.)	

Intended Use of Funds Reauested·

II	�¼���dO	?z :J	a !fni	ng sent,-IN_v_o-1c_E	•••• ........--·------;; ;;·· INVESTMENT 7!AINTING	J/4 Prwry		SERVICE DATE	Oct 10, 2022
o F No  R TH  fl FLo RID  A	INVOICE DATE	Jul 16, 2022
904-307·6649	DUE	Upon receipt
Painting-Pressure Washing

lfj

Stucco Repair
hwes.lmenlPalnl!ngOfNorthflmlda

DEPOSIT DUE

$500.00

Investment Painting Of North Florida

RiverTown

W ,E :,;,, @:
By	- -	J

Rivers Edge COD 2
475 West Town Place, 114 St. Augustine, FL 32092

'--· (904) 307"8313
j	jperry@vestapropertyservices.com

SERVICE A-DD-RE-SS------- CONTACT US	
229 S Torwood Drive Saint Johns, FL 32259

, .._, (904) 307"6649
lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	1..0  $3,840..00
Pressure wash prior to painting and apply super deck solid color stain to vertical and horizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

$3,840.00

Total Deposit

$3,840.00

$500.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved job.
Please see our terms and Conditions for Agreements, Payment Schedules, Scheduling, Cancellation policies and more. Like us on Facebookl Write us a review on Facebook, Nextdoor & Our Website!
Thank you for your Business!

Investment Painting Of North Florida IST"	http://WWW.investmentpaintingofnorthfl..com	1 of 1

INVOICE SERVICE DATE INVOICE DATE DUE
->,-•··--·-·-

DEPOSIT DUE

...,.-,------ ··-·

,----·--·	,,
#3035
Oct 10, 2022 Jul16,2022
Upon receipt

-·---------

$1,670.00

-

.-

11'-IVESTMENT' PAINTING
Of  NORTH	FLORIDA
904-307-6649
Painting-Pressure Washing

lfO

Stucco Repair
1nvus\menlPa1olingOfNor1hFlor1da

 
Investment Painting Of North Florida

Rivers Edge COD Rivers Edge COD
475 West Town Place, 114 St. Augustine, FL 32092

SERVICE ADDRESS CONTACT-US----
229 S Torwood Drive
Saint Johns, FL 32259

.•, (904) 307-8313
u; ;/1 jperry@vestapropertyservices.com	,,	(904) 307-6649 lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	i .0  $3,840.00    $3,840.00
Pressure wash prior to painting and apply super deck solid color stain to vertical and l1orizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

Total	$3,840.00
! 3'3·572--· l(S1

Deposit

317	$1,670.00

Payment History
Aug 25	Thu 5:42pm	Check	$500.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice tor your deposit of $500.00 and at that time you will receive a tentative date for your approved

INVOICE SERVICE DATE INVOICE DATE
DUE

#3035 - F
Dec 05, 2022
Jul 16, 2022
Upon receipt

AMOUNT DUE

$1,670.00

-

IHVESTMENT' PAINTING
Of   NORTH	FLORIDA
904-307-6649
Painting Pressure Washing

ITT

Stucco Repair
hwe. l,nfl!llPainlingOIN(,ril1F!nsiUa

Investment Painting Of North Florida

Rivers Edge COD II.
Rivers Edge
475 West Town Place, 114 St. Augustine, FL 32092

SERVICE ADDRESS

CONTACT US

229 S Torwood Drive Saint Johns, FL 32259

\,, (904) 440-5668
jdavidson@vestapropertyservices.com	, (904) 307-6649
!l!!1ll   lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	1.0  $3,840.00
Pressure wash prior to painting and apply super deck solid color stain to vertical and horizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

$3,840.00

 

Total	$3,840.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved

Approved RECDD II Submitted to AP on 1-3-2023 by Jason Davidson
total due $1,670 This is cost shared.

Rivers Edge II COD	INVOICE
475 West Town Place, Suite 114

St. Augustine FL 32092
Phone (904) 940-5850 Fax (904) 940-5899

DATE: INVOICE#

2/1/23
CS-2023-FEB

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

DESCRIPTION	AMOUNT	

Cost Share- RiverTown Amenity for February 2023 /1 "Joo,	zo 7 • IO I

	
$	11,569.92	
TOTAL	$	11,569.92	
Make check payable to:
Rivers Edge COD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

Rivers Edge ill
COMMUNITY DEVELOPMENT

General Fund

Date	Amount	Authorized By	

February I, 2023	
$622.67	
Marilee Giles	

Payable to:		
	Rivers Edge JI CDD #19		

Date Check Needed:	

Budget Category:		

ASAP	I00 I .320.57200.6000		
	
Intended Use of Funds Reauested·		

Check Request

	

To reimburse the following cost share items oaid out of RE II CDD General Fund Fund	

Vincent & Sons proposal for Reunholstering Outdoor Cushions TNV# V-883782 CK#! 150	

	

(Attach sunnortina documentation for reauest.J	

- l{it;tp,g..,;i,_ % 49;;,-,., r"' -w
Iii A Um+	Q.,'fi£@.\h	1, LP
l;AJJ?'U.t(YJft tli l;'..lX ' I{,.	.9·;1
Protnµt .Profossionaf Sur/i1:,c • Slrit;u 1967
5121 Bowden Road, Ste. 311
Jacksonville, Florida 32216
Phone: (904) 642-8332 I Mobile: (904) 710-5985
www.VSUJAX.com

50% depost approved RECDD2 furniture reupholstery sent to AP on 10/25/2022 by Johnathan Perry
J PH'r.!J

ESTIMATE

·

-JOB	_	. •  -_	_	-	•	•	.  BILL TO	'	' SHIP TO (ifditferent-)

Outdoor cushion casings wl zipper; Sunbrella fabrics and Marine thread

Vesta Property Services, Inc. RIVERTOWN
P.O.C.: Jonathan Perry
245 Riverside Avenue, Suite 300
Jacksonville, Florida 32202
Phone: (877) 988-3782

._-QT\'-	DESCRIPTION	-	.	TAXED UNITl'RICE	.LINETOTAL
6	UPH SVCS I STND DIM.: SEAT CUSHION CASING WI ZIP> USE SUNBRELLA*
'TEXTILE: SEATS o·NLY: suNBREL.1..A CAST ci-iAiicoAi.. 11404:i oodi. •	•
UPH svcs I STND DIM.: SEAT cus1-i10N CASING w1 zip> usESUNBRELLA'
•i'Eir1LE: surs otiLv: sufiai\Elll r:iiRAD1iiM sToNE ti40-ia4:oooi	•

_	\Il)[f ml-·ffi UWT lE  \ 
\l:hl OCT i1; 2022 t \
1:§V--;:::::,cc::::-=-:::::::-\		168,55	1,011.30	

4			
176.13	
704.52	

TRANSPORT CHARGES HAVE BEEN WAIVED ON THIS ORDER.

Discounts have been applied on this order. Estimate is good for 45 days. Thank you.

A 50% Deposit Required Prior To Start Date.

SUBTOTAL TAXABLE TAX RATE TAX TRANSPORT DEPOSIT
TOTAL

$	1,715.82

)-32·57:Z.-&o

Make checks payable to Vincent ft Son Upholstery

	1'11.	�---

::,1gnawre
,

Date: 	TBD	

We're Looking Forward To Working With You. Thank you.

© 2011-2014 Vertex42.com

Rivers Edge ill

COMMUNITY DEVELOPMENTm<,"''0R��I--··::::'·:::7'r;·,;;:;· 7-r
General Fund

	Check Request		
Date	Amount	Authorized By	

Februmy I, 2023	
$1,177.32	
Marilee Giles	

Payable to:		
	
Rivers Edge II CDD #19		

 Date Check Needed:		Budget Category: ASAP	I00 l .320.57200.6000

	

To reimburse the followine cost share items oaid out of RE & RE II COD General Fund Fund	

Painting Proiects for entrv monument/towers at LonPleafand Kevstone	

Rivers Edee II CDD - Investment Paintine of North Florida lnv#3034 CK#l 057	

Rivers Edge COD - Investment Painting of North Florida Inv#3034 CK#5350	

Rivers EdPe II COD - Investment Painting of North Florida lnv#3034 CK#1177	

/Attach sunnortino documentation for reauest.)	

Intended Use of Funds Reauested·

llfJ	Approved RECDD 2 Monument Painting sent to AP on 07/18/22 by Johnathan Perry
INVESTMENT' PAIHTING	J	Pff'l",!j
Of   NORTH	FLORIDA
904-307-6649
Painting•Pressure Washing

INVOICE SERVICE DATE INVOICE DATE DUE

#3034
Oct 03, 2022
Jul 16,2022
Upon receipt

IIl

Stucco Repair
ln'le8!rnerilPrtl11\in110fNO!lhFluifd11

DEPOSIT DUE

$500.00

Investment Painting Of North Florida

RiverTown

(ij)iE ® iE ijW lE I
IL JUL 1 B 2022 \.

Rivers Edge COD 2
475 West Town Place, 114
St Augustine, FL 32092

\., {904) 307-8313	By	=-	::
fljperry@vestapropertyservices.com

,, 32-, -572·&0

SERVICE ADDRESS CONTACT US
229 S Torwood Drive Saint Johns, FL 32259

\,, (904) 307-6649
ili!ii lnvestmentpaintingfl@yahoo.com

INVOICE

1'11

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0  $4,850.00
Pressure wash towers and entry way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

Repaint interior (black metal also)

Excludes exterior of roofs and signage of Rivertown Price includes labor materials and taxes.

$4,850.00

Total

Deposit

$4,850.00

$500.00

We will match or beat a written formal estimate from areputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start (late please simply press the accept button on the email you received! You will than receive a Invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved job.

Investment Painting Of North FloridaIST-

http://www.investmentpaintingofnorthfl.com	1 of 2

'#
INVESTMEMT' PAINTING
Of  NORTH	FLORIDA
904-307-6649
Painting-Pressure Washing

INVOICE SERVICE DATE INVOICE DATE DUE

#3034
Oct 17,2022
Jul 16,2022
Upon receipt

ITT

Stucco. Repair
hwe imcnlf>a!nl1n90fM() hflmida

DEPOSIT DUE

$2,175.00

Investment Painting Of North Florida

Rivers Edge COD Rivers Edge COD
475 West Town Place, 114 St. Augustine, FL 32092

SERVICE ADDRESS CONTACT US
229 S Torwood Drive Saint Johns, FL 32259

'!,, (904) 307-8313
,,;,l jperry@vestapropertyservlces.com	\,, (904) 307-6649
ruf-il       lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0  $4,850.00
Pressure wash towers and entry way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

$4,850.00

Repaint interior (black metal also)

Excludes exterior of roofs and signage of Rivertown Price includes labor materials and taxes.

Total Deposit

j,33•57Z • '/57
3,7

$4,850.00
$2,175.00

Payment History
Aug 25	Thu 5:42pm	Check	$500.00

Investment Painting Of North Florida I ST-	htlp:/!www.investmentpaintingofnorthfl.com

1 of 2

  •

INVESTMENT' PAINTING
Of	MORTH	FLORIDA
904-307-6649
Paintrng-Pressure·washlng Stucco Repair
[/ lnV<!;.hm:!llll-'11il1l,r,gOM01U1Ftmbh1

Approved RECDD 11 Submitted to AP on 12-8-2022 by Jason Davidson

INVOlCE SERVICE DATE INVOICE DATE
DUE

#3034
Oct 17, 2022 Jul16,2022
Upon receipt

AMOUNT DUE

$2,175.00

r11-- D 11--

Investment Painting Of North Florida

RECDD11.
Rivers Edge
475 WestTown Place, 114 St. Augustine, FL 32092

'<.., (904) 440-5668
jdavidson@vestapropertyservices.com

SERVICE ADDRESS

CONTACT US
229 S Torwood Drive Saint Johns, FL 32259

'Z., (904) 307-6649
ij	lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior painting quote Entry Way Towers At Long Leaf And keystone	1.0  $4,850.00
Pressure wash towers and entry way signs. Prep and paint interior and exterior of columns and entry way signs same colors with sherwin Williams Top of the line Emerald paint which is dirt and mildew resistant and durable. Repaint white brick on entry ways also.

$4,850.00

Repaint interior (black metal also)

Excludes exterior of roofs and signage of Rivertown Price includes labor materials and taxes.

1-3.Z., 572 .<, 0
I'I/

Total	$4,850.00

 	

Investment Painting Of North Florida IST-

http:flwwv,1.iniJestmentpaintingofnorthfl.com	1 of 2

Rivers Edge ID
COMMUNITY DEVELOPMENT DISTRICT

General Fund

Check Request

Date	Amount	Authorized By

February 7, 2023	$984.21	Marilee Giles

Payable to:

Rivers Edge II CDD #19

Date Check Needed:		Budget Category: ASAP	I001.320.57200.6000

	

To reimburse the followino cost share items naid out of RE CDD & RE II CDD General Fund	

Painting Proiects for the Pirate Shin Pla""round	

Rivers Edoe II CDD - Investment Painting of North Florida Inv#3035 CK#l058	

Rivers EMe CDD - Investment Painting of North Florida Inv#3035 CK#5351	

Rivers Edoe II CDD - Investment Paintino of North Florida Inv#3035F CK#l207	

(Attach sunnortinn documentation for reauest.)	

Intended Use of Funds Reouested·

INVOICE SERVICE DATE INVOICE DATE DUE	#3035
Oct i0, 2022 Juli6,2022 Upon receipt	
DEPOSIT DUE	$500.00	

l!l!li&,	Approved RECDD 2 Pirate Ship painting sent
'!!!!!II	to AP on 07/18/22 by Johnathan Perry
INVESTMENT, AINTING	J	Perr!}
Of  NORTH	FLORIDA
904-307-6649
Painting-Pressure Washing
Stucco Repair

I} hweslmeolPalnllngOINorthflmida

Investment Painting Of North Florida

RiverTown

SERVICE ADDRESS

Rivers Edge CDD 2
475 West Town Place, i 14 St. Augustine, FL 32092

""· (904) 307-8313

r [E rm [E u w [E fn)
UIJ JUL l 8 2022	i
By	I

CONTACT US

229 S Torwood Drive Saint Johns, FL 32259

jperry@vestapropertyservices.com '	"=====-=.:::J

-- (904) 307-6649
		lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	i .0  $3,840.00
Pressure wash prior to painting and apply super deck solid color stain to vertical and horizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

$3,840.00

 

Total Deposit

$3,840.00
$500.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved job.
Please see our terms and Conditions for Agreements, Payment Schedules, Scheduling, Cancellation policies and more. Like us on Facebookl Write us a review on Facebook, Nextdoor & Our Website!
Thank you for your Business!

INVOICE SERVICE DATE INVOICE DATE
DUE

#3035
Oct i0, 2022 Jul16,2022
Upon receipt

DEPOSIT DUE

$1,670.00

,,
INVESTMENT' PAINTING
OF  NORTH	fl.ORlDA
904-307-6649
Painting-Pressure Washing
Stucco Repair
IO hwestmenlPalnli11gOfNOflhFlorlda

 
Investment Painting Of North Florida

Rivers Edge COD Rivers Edge COD
475 West Town Place, 114 St. Augustine, FL 32092

SERVICE ADDRESS CONTACT US ---
229 S Torwood Drive
Saint Johns, FL 32259

•• (904) 307-8313
]	jperry@vestapropertyseNices.com	- (904) 307-6649 lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	1.0  $3,840.00    $3,840.00
Pressure wash prior to painting and apply super deck solid color stain to vertical and horizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

Total	$3,840.00
I 33· 57 2-• l(S1

Deposit

317	$1,670.00

Payment History
Aug 25	Thu 5:42pm	Check	$500.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved

Of   NORTH IJ FLORIDA

lt'-</VESTMENT JI PAINTING
904-307-6649
Painting..Pressure Washing Stucco Repair
(0 lnv,Ji.b1mnlP<1b1!ln901Nor1l1FlrniU11

#3035 -F

INVOICE SERVICEDArn INVOICE DATE DUE

AMOUNT DUE

Dec 05, 2022
Jul 16, 2022
Upon receipt

$1,670.00

Investment Painting Of North Florida

Rivers Edge CDD II .
Rivers Edge
475 West Town Place, 114 St. Augustine, FL 32092

SERVICE ADDRESS

CONTACT US		
229 S Torwood Drive Saint Johns, FL 32259

'	(904)440-5668
m jdavidson@vestapropertyservices.com	'"' (904) 307-6649
!!lflll lnvestmentpaintingfl@yahoo.com

INVOICE

Exterior Staining quote For Pirate Ship And Post On Swing Set	1.0  $3,840.00
Pressure wash prior to painting and apply super deck solid color stain to vertical and horizontal surfaces 3 colors gray, brown and orange. Apply stain to all stainable surfaces on pirate ship and swing set. Price includes labor, materials and taxes

$3,840.00

 	 	

Total

)·3J.· 512• &,CJ
/1/1	$3,840.00

We will match or beat a written formal estimate from a reputable, licensed and insured company with proof of estimate! To accept our estimate and schedule a start date please simply press the accept button on the email you received! You will than receive a invoice for your deposit of $500.00 and at that time you will receive a tentative date for your approved

Approved RECDD II Submitted to AP on 1-3-2023 by Jason Davidson
total due $1,670 This is cost shared.

Investment Painting Of North Florida IST-	http://www.investmentpaintingofnorthfl.com	1 of 2

Bill To:
Rivers Edge CDD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge CDD Ill

IMP!+	'T' • ' I	I

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017

Invoice Due Date:  November 29, 2022
Invoice Amount:	$26,914.95
1111+;;11

Monthly Landscape Maintenance - Rivers Edge COD Ill	October 2022

$26,914.95

Approved RECDD Ill Submitted to AP on 1-27-2023 by Jason Davidson
Ck.u)t, D	)t,
I	I· 32· ,1z ,t11, 1
2,'(

Invoice Total	$26,914.95

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 8491 Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

 YELLOWSTONE
,...._"(	ll!Ol'ZBic

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge COD Ill

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017

Invoice Due Date:  December 30, 2022
Invoice Amount:  $26,914.95

Approved RECDD Ill Submitted to AP on 1-27-2023 by Jason Davidson
D
/	I, 3 2' 572- ' L/ c, (
2-7[

Invoice Total	$26,914.95

)'.'l

YELLOWSTONE

...

INVOICE

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge COD Ill

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017

Invoice Due Date:  December 31, 2022
Invoice Amount:	$27,516.46

Approved RECDD Ill Submitted to AP on 1-27-2023 by Jason Davidson
Cla.u,;,t, D   )1,
cf	!•32-572.·'1/.,I
2-"1(

Invoice Total	$27,516.46

Bill To:
Rivers Edge CDD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge CDD Ill

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017 Atlanta, GA30392-1017

Invoice Due Date: January 31, 2023
lnvoiceAmount:	$27,516.46

Approved RECDD Ill Submitted to AP on 1-27-2023 by Jason Davidson
n,	D	n,
I	1,32.·s7i.•tt(,t
Z.'{

Invoice Total	$27,516.46

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 8491 Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

FOURTH ORDER OF BUSINESS

C.

Rivers Edge III Community Development District

Proposed Budget
Fiscal Year 2024

Rivers Edge III
Community Development District

TABLE OF CONTENTS

General Fund Budget	Page 1

General Fund Narrative	Page 2-5

Assessments Allocation	Page 6

Series 2021 Debt Service Fund Budget	Page 7

Series 2021 Amortization Schedule	Page 8-9

Rivers Edge III
Community Development District
General Fund Operating Budget

	Adopted
Budget	Actuals
as of	Projected
Next 7	Total
Projected	Proposed
Budget	
Description	FY2023	2/28/23	Month	9/30/23	FY2024	

Revenues						
Developer Contributions	$	595,511	$	435,511	$	160,000	$	630,169	$	369,674	
Assessments-Tax Roll	$	280,950	$	269,487	$	11,463	$	280,950	$	280,950	
Administrative Assessments on Unplatted Land	$	78,950	$	78,950	$	-	$	78,950	$	78,950	
Miscellaneous Income/Interest	$	-	$	1,235	$	550	$	1,785	$	1,000	
Total Revenues	$  955,411	$  785,183	$ 172,013	$	991,854	$	730,574	

Expenditures						
Administrative						
District Engineer	$	5,000	$	777	$	4,223	$	5,000	$	5,000	
District Counsel	$	25,000	$	5,889	$	19,111	$	25,000	$	25,000	
District Management	$	28,000	$	11,667	$	16,333	$	28,000	$	29,680	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Dissemination Agent	$	3,500	$	1,458	$	2,042	$	3,500	$	3,710	
Information Technology	$	1,200	$	500	$	700	$	1,200	$	1,272	
Website Administration	$	1,800	$	750	$	1,050	$	1,800	$	1,908	
Annual Audit	$	5,800	$	2,500	$	2,500	$	5,000	$	5,800	
Trustee Fees	$	4,000	$	2,188	$	1,500	$	3,688	$	4,000	
Arbitrage	$	600	$	-	$	600	$	600	$	600	
Telephone	$	150	$	44	$	106	$	150	$	150	
Postage	$	250	$	63	$	187	$	250	$	250	
Printing & Binding	$	1,000	$	208	$	792	$	1,000	$	1,000	
Insurance	$	5,822	$	10,757	$	-	$	10,757	$	12,371	
Legal Advertising	$	1,500	$	302	$	1,200	$	1,502	$	1,500	
Other Current Charges	$	800	$	400	$	400	$	800	$	800	
Office Supplies	$	150	$	6	$	144	$	150	$	150	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	89,747	$	42,683	$  50,888	$	93,571	$	98,666	

Grounds Maintenance						
Landscape Maintenance	$	201,455	$	135,778	$	119,350	$	255,128	$	98,277	
Landscape Contingency	$	-	$	6,900	$	3,100	$	10,000	$	10,000	
Lake Maintenance	$	7,000	$	4,879	$	5,362	$	10,241	$	12,000	
Irrigation Repairs	$	-	$	2,994	$	1,500	$	4,494	$	5,000	
Electric	$	1,500	$	141	$	359	$	500	$	1,500	
Sewer/Water/Irrigation	$	13,800	$	1,972	$	4,500	$	6,472	$	7,500	
Cost Share Landscaping- Rivers Edge	$	179,286	$	74,703	$	104,584	$	179,286	$	162,917	
Repair & Replacements	$	7,225	$	22,175	$	15,000	$	37,175	$	50,000	
Total Grounds Maintenance	$  410,266	$  249,541	$ 253,755	$	503,296	$	347,194	

Amenity Center						
Cost Share Amenity- Rivers Edge	$	316,559	$	131,900	$	184,659	$	316,559	$	246,632	
Cost Share Amenity- Rivers Edge II	$	138,839	$	57,850	$	20,578	$	78,427	$	38,082	
Total Amenity Center	$  455,398	$  189,749	$ 205,237	$	394,986	$	284,714	
						
Total Expenditures	$  955,411	$  481,973	$ 509,880	$	991,854	$	730,574	
						
Excess Revenues (Expenditures)	$	-	$  303,210	$ (337,867)	$	-	$	-	
						
		Lot
Size	
Units	Per
Unit Gross	Gross
Assessments	
		40' Lot	122	$	1,307.07	$159,463	
		65' Lot	80	$	1,742.75		$139,420 	
Total Gross Assessments	$298,883	
Less: Discounts 6%		($17,933) 	
Total Net Assessments		$280,950 	

Rivers Edge III Community Development District
General Fund
REVENUES:

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

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.

Administrative Assessments
The District will levy a non-valorem special assessments on unplatted land within the District and are allocates upon the percentage of such undevelpped units planned relative to the budgeted General Administrative costs of the District.

Miscellaneous Income
Income received from access cards, rental fees, miscellaneous deposits, insurance claims, and recreational program revenue.

EXPENDITURES:

Administrative:

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

District Counsel
The District’s legal counsel, Kilinski Van Wyk, PLLC will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

District Management
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.

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.

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.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

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.

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.

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.

Rivers Edge III Community Development District
General Fund

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 duringthe 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.

Grounds Maintenance:

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

Landscape Contingency
A provision for additional landscape features or for repair of existing landscaping.

Lake Maintenance
The District is in contract with Charles Aquatics, Inc for future ponds coming live in FY24.

Irrigation Repairs
The cost of miscellaneous irrigation repairs and maintenance incurred.

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

Location	Account	Monthly	Annual	
435 Meadow Creek Dr #IRR	9443314324	$	100	$	1,200	
Contingency for new accounts		$	25	$	300	
Total			$	1,500	

Rivers Edge III Community Development District
General Fund

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

Location	Meter	Monthly	Annual	
300 Dahlia Falls Dr	89882808	$	455	$	5,460	
438 Meadowcreek Dr	89241610	$	120	$	1,440	
Contingency for new accounts		$	50	$	600	
Total			$	7,500	

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

Repairs & Replacements
Represents regular cleaning, supplies, and repairs and replacements for District’s Amenity Center.

Amenity Center:

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

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

Rivers Edge III Community Development District		
FY 2024 Operations and Maintenance Methodology		
Equivalent Residential Unit Allocation		
Assessments per Unit - Net and Gross		

Current	
FY 2024	FY 2024
Per Unit	FY 2024
Per Unit	FY 2023
Per Unit	Increase/(Decrease) Per Unit	
ERU	Platted	Unplatted	Total	Total	Total Unplatted	Budget	Net	Gross	Gross	Gross	
Land Use / Product Type	per Unit	Units	Units	Units	ERU's	ERU's	Allocation	Assessment	Assessment	Assessment	Assessment	

Single Familiy - 40' Lot	
0.74	
122	
473	
595	
440.30	
350.02	
$149,895	
$1,228.65	
$1,307.07	
$1,307.07	
$0.00	
Single Familiy - 60' Lot	1	0	426	426	426.00	426	$0	$0.00	$0.00	$0.00	$0.00	
Single Familiy - 65' Lot	1	80	234	314	314.00	234	$131,055	$1,638.19	$1,742.75	$1,742.75	$0.00	
Single Familiy - 70' Lot	1.2	0	112	112	134.40	134.4	$0	$0.00	$0.00	$0.00	$0.00	
Single Familiy - 80' Lot	1.33	0	80	80	106.40	106.4	$0	$0.00	$0.00	$0.00	$0.00	
Total	
	202  	1325 		
	1,527  	1421.10  	1250.82 			$280,950 		

Platted ERU's	11.98%
Unplatted ERU's	88.02%
Developer Assessmnets on Unplatted Land	$78,950

FY 2024 Budget

Administrative	98,666	
Field and Grounds	347,194	
Amenity Center	284,714	
Less: Dev contr	(369,674)	
Less: Admin Assess on Unplatted Land	(78,950)	
Less:Interest		(1,000) 	
Net Assessments		280,950 	

6

Rivers Edge III
Community Development District
Series 2021 Debt Service Budget

	Adopted Budget	Actuals as of	Total Projected	Proposed Budget	
Description	FY2023	2/28/23	9/30/23	FY2024	

Revenues					
Special Assessments Tax Roll	$	550,794	$	453,563	$	550,794	$	550,794	
Interest Income	$	1,500	$	1,290	$	2,500	$	2,000	
Carryforward Surplus	$	183,222	$	176,735	$	176,735	$	183,222	
Total Revenues	$	735,516	$	631,589	$	730,029	$	736,016	

Expenditures					
Interest Expense 11/1	$	173,025	$	173,025	$	173,025	$	170,565	
Principal Expense 5/1	$	205,000	$	-	$	-	$	210,000	
Interest Expense 5/1	$	173,025	$	-	$	-	$	170,565	
Total Expenditures	$	551,050	$	173,025	$	173,025	$	551,130	
					
Excess Revenues/(Expenditures)	$	184,466	$	458,564	$	557,004	$	184,886	

Interest Payment 11/1/24	
$	
168,045	
		Gross	Gross	
Development	Units	Per Unit	Assessments	

40' Lot	
122	
$899.95	
$109,794	
60' Lot	80	$1,199.94		$95,995 	
Gross Total			$205,789.10	
Less Disc. + Collections 6%	($12,347.35)	
Direct Invoice	$357,352.44	
Net Annual Assessment	$550,794.19	

7

Rivers Edge III
Community Development District
Series 2021 Capital Improvement Revenue Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/23			$170,565	$170,565	
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	
05/01/42	$4,520,000	$375,000	$90,400		
11/01/42			$82,900	$548,300	

Rivers Edge III
Community Development District
Series 2021 Capital Improvement Revenue Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
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	
		$9,475,000	$6,057,450	$15,532,450	

D.

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

Date : March, 2023	Field Techs:	Mike Liddell Justin Powers Clayton Wilford

Client: RiverTown

Pond A: Treated baby tears around pond.

Pond B: Algae treatments have been effective.

Pond C: Applied algaecide to pond.

Pond D: Lily treatments have been effective.

Pond E: Applied algaecide around edge of pond.

Pond G: Applied algaecide.

Pond H: Algae treatments have been effective.

Pond I: Treated perimeter vegetation and algae.

Pond J: Treated perimeter vegetation.

Pond K: Treated algae and perimeter vegetation.

Pond L: Pond is in good condition; previous treatment was effective.

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

Pond Q: No trash noticed, previous treatment was effective.

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

Pond S:. Pond in good condition. No algae noticed.

Pond T: Pond is in good condition.

Pond U: Pond in good condition, treated minor algae.

Pond V: previous treatment was effective. Pond in good condition.

Pond W: Applied pond dye.

Pond X: (Homestead) Treatment for coontail was effective, mostly dead stems floating.

Pond Y: (behind model homes) pond in good condition.

Pond Z: (behind pond K) Algae treatments have been effective.

Pond AA: (Homestead) Applied pond dye.

Pond BB: (Homestead) No algae noticed.

Pond CC: previous treatment was effective.

Pond DD: Removed trash and treated for algae.

Pond EE: Treated for algae.

Pond FF: Pond looks good. Treated for algae.

Pond GG: Pond in good condition, previous treatment was effective.

Pond HH: previous treatments appear effective.

Pond II: Pond in good condition, algae noticed.

Pond JJ: Treated algae and perimeter vegetation.

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

Pond MM: Previous treatment was effective.

Pond NN: Treated algae around pond.

Pond had pollen on the surface.

Pond PP: Pond looks good, previous treatment was effective.

Pond QQ: Previous treatment effective, pond looks good.

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

Pond TT: Treated perimeter vegetation.

Pond UU:

Pond VV: Previous treatment was effective no trash or algae noticed.

Pond WW: Pond in good condition, treated perimeter weeds.

Pond XX: Pond in good condition, no algae noticed, treated perimeter weeds.

Pond ZZ: Pond in good condition, no algae noticed. Picked up trash.

Pond AAA: Pond in good condition. Water level is low.

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

Pond River Club 1: Treated algae.

Pond River Club 2: Treated algae.

Water Song/ Clayton Wilford Pond 1: Treated heavily for algae.

Pond 2: Treated for perimeter vegetation.

Pond 3: No invasive species.

Pond 4: No invasive species. Water level is still low.

Pond 5: Previous treatment was greatly effective. Water clarity significantly improved.

Pond 6: Previous treatment was very effective. The remaining algae is decaying.

No picture

Pond 7: Treated for minor pennywort.

Pond 8: Previous treatment was effective. Minor algae growths due to decaying vegetation.

Pond 10: Water clarity improved. No new growth noted.

Pond 11: Treated for minor torpedo grass and cattail blooms.

Pond 13: Water level is still extremely low.

Pond 14: Previous treatment was highly effective.

Pond 15: No new growth noted. I would highly recommend doing an alum treatment on the pond when construction is complete.

E.

Rivers Edge CDD – I, II, and III Landscape Update for April 2023
General Maintenance
Our maintenance team has mowed all common grounds throughout community and have been cleaning up shrub beds
We have Detailed and Cleaned up the Riverhouse and Riverclub.
We have completed Renderings for the front entrance of Main Street, Roundabouts on SR 13, and The River House.
Team is spraying for weeds throughout the community and trimming shrubs.
Team has been spraying all mulch beds for clean appearance.
Mattamy, Vesta, and Yellowstone are doing monthly drives throughout the community to check on status of concerned areas and the overall appearance of the community.
We have started Installing Pine Straw and Mulch Throughout the community. We are projecting to complete by the end of April.
Annual flowers have been installed along with fresh and rich soil. We raised the beds for a better show. We installed Vic Blue Salvia in the back, Pink Begonias in the middle, and Durango Yellow Marigolds in front. This will give the Spring feel and look amazing. The next rotation will be July.
The low beds have caused the flowers in the past to decline prematurely and not show off as intended.
This is caused by the flowers staying too saturated which causes the roots to rot.
Proper mowing heights for each type of turf will be achieved throughout the winter and early spring months.
Because of this you will see scalping occasionally until the proper height is achieved.
Ex. If you want to maintain a height of 4in you need to drop the level of the existing canopy of the turf to between 3.5-3.75 so that the new

Irrigation

green growth is what is showing after each mowing occurrence moving forward.

Techs have been running through system and making repairs as we go.
All clocks are being set to run Three times a week due to Warm temperatures and the drought we are in.
Lead tech is working with IQ system to help system run more efficiently.
We are setting three day rain delays when we have rain
We have cut the water bill in half
Other options are being looked at to make the system more efficient and save on the annual water cost.
Items being looked at:
Eliminating bubblers on established trees that do not need them anymore
Making sure all rain sensors are operational
Adding rain sensors to battery operated valves
Each area will be different depending on layout and justification of cost.
Some will be looked at to be added to a clock with wiring.
Others will be looked at for rain sensor installation and hidden by plant material if required.
Full Irrigation inspection report will be sent over once we have run through entire system
Fert/Chem
Our techs will be fertilizing the entire property this month with 21-7-14 Granular. Lots of Iron in this treatment to get turf to push and green up.
We will treat for turf weeds throughout community.
Seasonal weeds such as chamber bitter is popping up in a lot of areas already.
The turf is starting to push growth. We have had record warm temperatures during this time, so our team has been doing full maintenance throughout community.
Lead tech is Treating Viburnum throughout the community with fertilizer to promote healthy growth and to help keep them full.

Arbor
We will continue to lift low hanging trees throughout community each week for line of site issues, safety issues, aesthetics, and improved tree health with balanced weight distribution from the branches.

FIFTH ORDER OF BUSINESS

A.

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT
ST. JOHN’S COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

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	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	23	
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	

24-25	
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	

26	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
27-28	

INDEPENDENT AUDITOR’S REPORT

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

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

Report on the Audit of the Financial Statements
Opinions
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, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
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, 2022, and the respective changes in financial position thereof for the fiscal year ended September 30, 2022 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit 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 District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
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 is the responsibility of management and, 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 Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated April 6, 2023, 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.

April 6, 2023

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, 2022. 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, 2022 resulting in a net position deficit balance of ($314,264).

The change in the District’s total net position was $208,802, an increase. 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, 2022, the District’s governmental funds reported combined ending fund balances of
$468,899 a decrease of ($4,141) in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, nonspendable for prepaids and the remainder is unassigned deficit fund balance.

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 assessments. 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,		
	2022	2021	
Assets, excluding capital assets	$	669,906	$	522,921	
Capital assets, net of depreciation	9,126,599	9,126,599	
Total assets	9,796,505	9,649,520	
Liabilities, excluding long-term liabilities	343,801	202,566	
Long-term liabilities	9,766,968	9,970,020	
Total liabilities	10,110,769	10,172,586	
Net Position			
Net investment in capital assets	(640,369)	(843,421)	
Restricted	314,985	309,263	
Unrestricted	11,120	11,092	
Total net position	$	(314,264)	$	(523,066)	

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 increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations.

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,
2022	2021

Revenues:

Program revenues Charges for services

$	692,772  $	-

Operating grants and contributions	661,470	173,127
Capital grants and contributions	14	395,027 General revenues
Unrestricted investment earnings			28		-	 Total revenues		1,354,284	568,154
Expenses:
General government	94,182	99,487	
Maintenance and operations	231,807	70,032	
Culture and recreation	473,789	394,986	
Interest on long-term debt	345,704	151,159	
Bond issue costs		-	383,075	
Total expenses		1,145,482	1,098,739	
Change in net position		208,802	(530,585)	
Net position - beginning		(523,066)	7,519	
Net position - ending	 $	(314,264) $	(523,066)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2022 was $1,145,482. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of Developer contributions and assessments. The remainder of the current fiscal year revenue includes interest revenue. The increase in program revenue is a result of the increase in assessments and Developer contributions as expenses increased. The increase in current fiscal year expenses is primarily the result of an increase in maintenance costs due to the acquisition of infrastructure improvements in the prior fiscal year.

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, 2022 was amended to increase revenues by $254,790 and appropriations by $153,072.

GENERAL BUDGETING HIGHLIGHTS (Continued)

Capital Assets

At September 30, 2022, 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, 2022, the District had $9,680,000 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, 2022

	Governmental
	Activities		
ASSETS		
Cash	$	88,546	
Investments	39,007	
Assessments receivable	2,432	
Due from Developer	68,657	
Due from other	2,850	
Deposits and prepaids	11,692	
Restricted assets:		
Investments	456,722	
Capital assets:		
Nondepreciable		9,126,599 	
Total assets		9,796,505 	

LIABILITIES		
Accounts payable	78,842	
Due to Rivers Edge II	20,578	
Due to Rivers Edge	101,587	
Accrued interest payable	142,794	
Non-current liabilities:		
Due within one year	205,000	
Due in more than one year		9,561,968 	
Total liabilities		10,110,769 	

NET POSITION		
Net investment in capital assets	(640,369)	
Restricted for debt service	311,680	
Restricted for capital projects	3,305	
Unrestricted		11,120 	
Total net position	 $	(314,264)	

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, 2022

Charges for

Program Revenues Operating Grants and

Capital Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs		Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	94,182	$	140,353	$	-	$	-		46,171	
Maintenance and operations	231,807	-	-		14	(231,793)	
Culture and recreation	473,789	-	659,425	-		185,636	
Interest on long-term debt		345,704	552,419	2,045	-	208,760 
Total governmental activities		1,145,482	692,772	661,470	14	208,774 

General revenues:
Unrestricted investment earnings		28 
Total general revenues			28  Change in net position		208,802
Net position - beginning		(523,066)
Net position - ending	 $	(314,264)

See notes to the financial statements

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHN’S COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2022

ASSETS

	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

Cash	$	88,546	$	-	$	-	$	88,546	
Investments	39,007	453,417	3,305	495,729	
Assessments receivable	1,375	1,057	-	2,432	
Due from Developer	68,657	-	-	68,657	
Due from other	2,850	-	-	2,850	
Deposits and prepaids	11,692	-	-	11,692	
Total assets	$	212,127	454,474	3,305	$	669,906	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	78,842	$	-	$	-	$	78,842	
Due to Rivers Edge II	20,578	20,578	
Due to Rivers Edge	101,587	101,587	
Total liabilities	201,007	-	-	201,007	

Fund balances:
Nonspendable:		
Prepaids		11,692		-		-		11,692	
Restricted for:									
Debt service		-		454,474		-		454,474	
Capital projects		-		-		3,305		3,305	
Unassigned		(572)		-		-		(572)	
Total fund balances		11,120		454,474		3,305		468,899	

Total liabilities and fund balances	
$	
212,127	
$	
454,474	
$	
3,305	
$	
669,906	

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, 2022

Fund balance - governmental funds	$   468,899
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		(142,794)	
Bonds payable		 (9,766,968)	(9,909,762)	
Net position of governmental activities		$	(314,264)	

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, 2022

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

REVENUES		
Assessments	$	140,353	$	552,419	$	-	$	692,772	
Developer contributions	659,425	-	-		659,425	
Interest	28	2,045		14	2,087	
Total revenues	799,806	554,464		14	1,354,284	

EXPENDITURES
Current:
General government	94,182	-	-		94,182	
Maintenance and operations	231,807	-	-		231,807	
Culture and recreation	473,789	-	-		473,789	
Debt Service:						
Principal	-	200,000	-		200,000	
Interest	-	358,647	-		358,647	
Total expenditures	799,778	558,647	-		1,358,425	

Net change in fund balances	
28	
(4,183)		
14	
(4,141)	

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

Fund balances - ending	
$	11,120	
$	454,474	
$	3,305	
$	468,899	

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, 2022

are different because:		
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

200,000	
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.	

9,891	
Amortization of Bond premiums is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

	3,052	
Change in net position of governmental activities	$	208,802	

Net change in fund balances - total governmental funds	$	(4,141) Amounts reported for governmental activities in the statement of activities

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, 2022 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.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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).

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.

No depreciation has been taken in the current fiscal year as the District’s infrastructure and other capital assets are under construction.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations (Continued)
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.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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, 2022:
Amortized cost	Credit Risk	Maturities

First American Government Obligations Fund -
Class Z	$	456,722	S&P AAAm

Weighted average of the fund portfolio: 18 days

US Bank Money Market		39,007 	N/A	N/A
$	495,729
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.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)

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.

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.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2022 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. In the prior fiscal year the District issued the 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.

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

NOTE 6 – LONG-TERM LIABILITIES

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.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

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, 2022.

Changes in long-term liability activity for the fiscal year ended September 30, 2022 were as follows:

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

$	9,880,000	

$	-	$	

200,000	

$	9,680,000	

$	205,000	
Plus: Original issue premium	90,020	-	3,052	86,968	-	
Total	$	9,970,020	$	-	$	203,052	$	9,766,968	$	205,000	

At September 30, 2022, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
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	225,000	325,650	550,650	
2028-2032	1,240,000	1,522,350	2,762,350	
2033-2037	1,475,000	1,302,128	2,777,128	
2038-2042	1,745,000	1,025,976	2,770,976	
2043-2047	2,120,000	666,400	2,786,400	
2048-2051		2,025,000	206,700	2,231,700
Total	 $	9,680,000	$	6,403,404	$	16,083,404

NOTE 7 – DEVELOPER TRANSACTIONS

For the current fiscal year, Developer assessment revenues in the general and debt service funds were
$140,353 and $552,419, respectively.

Additionally, the Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $659,425 which includes a receivable of
$68,657 at September 30, 2022.

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
$473,789 of expenses associated with the cost share agreement. As of fiscal year end, amounts due to Rivers Edge and Rivers Edge II were $101,587 and $20,578, respectively.

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, 2022

	Budgeted Amounts		Actual

Variance with Final Budget - Positive

Original	Final

Amounts

(Negative)

REVENUES		
Assessments	$	138,244	$	140,353	$	140,353	$	-	
Developer contributions	512,928	765,581	659,425	(106,156)	
Interest	-	28	28	-	
Total revenues	651,172	905,962	799,806	(106,156)	

EXPENDITURES
Current:
General government	81,088	97,347	94,182	3,165	
Maintenance and operations	225,926	362,739	231,807	130,932	
Culture and recreation	344,158	344,158	473,789	(129,631)	
Total expenditures	651,172	804,244	799,778	4,466	

Excess (deficiency) of revenues					
over (under) expenditures	 $	-	$	101,718 	28	 $	(101,690)	

Fund balance - beginning		11,092 

Fund balance - ending	 $	11,120 

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, 2022 was amended to increase revenues by $254,790 and appropriations by $153,072.

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 9/30/2022	0	
Number of independent contractors compensated in September 2022	9	
Employee compensation for FYE 9/30/2022 (paid/accrued)	$0	
Independent contractor compensation for FYE 9/30/2022	$285,961.93	
Construction projects to begin on or after October 1; ($65K)	Not applicable	
Budget variance report	See page 21 of annual financial report	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate for FYE 9/30/2022	Operations and maintenance - $1,162.47 & $1,570.9
Debt service - $899.95 & $1,199.94	
Special assessments collected FYE 9/30/2022	$692,772.20	
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, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated April 6, 2023.
Report on 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.
Report on 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.

April 6, 2023

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, 2022. 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, 2022.
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

April 6, 2023

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, 2022, and have issued our report thereon dated April 6, 2023.

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 April 6, 2023, 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.

April 6, 2023

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, 2021.

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, 2022.

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, 2022.

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. 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 23.

B.

1.

Rivers Edge III
Community Development District

FYZ023 Funding Request #34
11-Apr-23

Vendor	Amount

Charles Aquatics
April Lake Maintenance	Inv #47766

Governmental Management Services April Invoice	Inv #37	4/1/23

4/1/23

$	766.00

$	2,887.30

Hagan Ace Hardware of Mandarin LLC
Maintenanc Supplies	Inv #420660	3/20/23

$	11.99

Kilinski Van Wyk
February General Counsel

Prosser
February Professional Services

Rivers Edge CDD

Inv #6209

Inv #49767

3/15/23

3/14/23

$	2,305.52

$	265.13

CS Landscape April 2023	Inv #CS-2023-ARP	4/2/23	$	14,940.50	
CS Amenity April 2023	Inv #CS-2023-ARP	4/3/23	$	26,379.92	

Rivers Edge COD II CS Amenity April 2023

VGiobalTech
ADA Website Maintenance

Inv #CS-2023-ARP	4/3/23

Inv #4880	3/31/23

$	11,569.92

$	400.00

Yellowstone Landscape Maintenance
February Irrigation Repairs	Inv #JAX 494488	2/27/23	$	829.95	
February Landscape Maintenance	Inv #JAX 499097	2/28/23	$	26,914.95	
April Landscape Maintenance	Inv #JAX 510989	4/1/23	$	26,914.95	
Total Amount Due		$	114,186.13	

Signature:
Chairman/Vice Chairman

Si nature:
Secretary/Asst. Secretary

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

Invoice

Date	Invoice#	
4/1/2023	47766	

Rivers Edge CDD 3
475 West Town Place, Suite 114 St Augustine. FL 32092

Bill To

5/1/2023

Due Date

	Vendor#	
		
Qty	Description	Rate	Amount	
I	Monthly Aquatic Management Services for 5 ponds - 1 pond at Main Street Phase 2 and 6 ponds at The Haven

For Monthly Pond Services
RECDD Ill Submitted to AP on 4-3-2023 by Jason Davidson
n, D�n,
1·32•572•'/iat
10

rernsrenw,re,
APR O fl 2023
.,

By	766.00	766.00	
Thank you so much for your business!	I Balance Due
$766.00	

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 #: 37
Invoice Date: 4/1/23
Due Date: 4/1/23
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount	
Management Fees -April 2023 I ·JI· 51,,,3,"/		2,333.33	2,333.33	
Website Administration -April 2023 1·31·5/3 • 35/		150,00	150.00	
Information Technology-April 2023 1·31• 513· 35  J		100.00	100.00	
Dissemination Agent Services-April 2023131·513· :,2,J		291.67	291.67	
Office Supplies /·31-513 ·5 I		0.15	0.15	
Postage 1-31 513· '/2		3.00	3.00	
Copies ;,31-5!3' 1,,12-5	3		9.15	9.15	

p	0 5 20?3 rn
IBY	

Total	$2,887.30	
Payments/Credits	$0.00	
Balance Due	$2,887.30	

HAGAN ACE HARDWARE OF MANDARIN, L.L.C. #9782 12501 SAN JOSE BLVD
JACKSONVILLE, FL 32223

PHONE: (904) 2158-9597
SERVING NORTH FLORIDA SINCE 1962 THANK YOU FOR YOUR PATRONAGE

PAGE NO: 1

CUSTOMER NO:	JOB NO:	PURCHASE ORDER:
365050	000	32023

SOLO TO:
RIVERS EDGE COD
475 WEST TOWN PLACE

REFERENCE:
PO# 32023

SHIP TO:

TERMS:
NET 15TH

CLERK:
JT3

DATE/TIME:
3/20/23 8:22
TERMINAL: 601

SUITE 114
ST AUGUSTINE	FL	32092

REWARD NO·19820227380

D	ORDERED	UM	SKU	DESCRIPTION
1	1	EA 8395386	PRO MICROMESH LEAF RAKE	
1	1	EA	1590801	GORILLA HD CONST ADH 9OZ	

SHIPPE

SALESPERSON: 35	828 CUSTOMER SALES - M
TAX: 031	FLORIDA SALES TAX MAN
INVOICE: 420660/3
SUGG	UNITS	PRICE	/PER	EXTENSION
34.99	1	34.99 /EA	34.99 N
11.99	1	11.99/EA	11.99 N

·rij1 lE ( [E ll 7 [E [m_
20	U,
d l	L_j
LJL-\

iBy

TAXABLE
NON-TAXABLE
** AMOUNT CHARGED TO STORE ACCOUNT**	46.98	SUB-TOTAL
Approved Submitted to

AP on 3-20-2023
J	on Davidson
-;t,     D�;t,

TAX AMOUNT
TOTAL AMOUNT

F

0.00
46.98
46.98

0.00
46.98

x	(DAVIDSON, JASON)	RECDD I - $34.99 (Pool Net for Cleaning
Received By	RECDD Ill - $11.99 to re adhere stones in
Haven play park

KILINSKI I VAN \VYK
Kilinski I Van Wyk, PLLC

INVOICE
Invoice # 6209 Date: 03/15/2023 Due On: 04/14/2023

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	JK	02/01/2023	Confer re: status of roundabout bid documents and time!ine for same; Review	0.40	$315.00	$126.00	
			communication re: landscape/irrigation				
			from District Manager; review draft agenda				
			and confer re: same; review landscaping				
			communication and addendum; transmit				
Service	MG	02/01/2023	Draft Resolution awarding construction	0.40	$175.00	$70.00	
			contract				
Service	JK	02/02/2023	Continue due diligence review; confer re: cost share process and insurance updates;	0.70	$315.00	$220.50	
			begin compiling deeds				
Service	JK	02/03/2023	Confer with team and district manager re: insurance audit and acquisition packages	0.20	$315.00	$63.00	
			from 2021-2022 and review file re: same				
Service	JK	02/06/2023	Confer re: staff call; update rules and review resolution on same; confer re:	0.10	$315.00	$31.50	
			spending authority options				
Service	JK	02/12/2023	Review audit response letter and prepare same	0.10	$315.00	$31.50	
Service	MG	02/13/2023	Prepare auditor letter response; transmit	0.70	$175.00	$122.50	
			same				
Service	MG	02/13/2023	Draft resolution awarding construction	0.20	$175.00	$35.00	
			contract				
Expense	AL	02/13/2023	Hotel: Hotel for LG	1.00	$30.82	$30.82	

Invoice# 6209 - 03/15/2023

Expense	AL	02/13/2023	Reimbursable expenses: Rental car for LG	1.00	$39.19	$39.19	
Expense	AL	02/13/2023	Reimbursable expenses: Gas for LG	1.00	$8.40	$8.40	
Expense	AL	02/13/2023	Reimbursable expenses: Tolls for LG	1.00	$6.61	$6.61	
Service	LG	02/15/2023	Travel to and attend Board meeting and joint meeting.	2.80	$310.00	$868.00	
Service	MG	02/15/2023	Research and review Whistling Straits	0.30	$175.00	$52.50	
			plats				
Service	JK	02/17/2023	Review engineers report and previous requisitions for application to construction	0.40	$315.00	$126.00	
			fund; transmit summary of same; confer re:				
			cost share allocations and interlocal				
			agreement				
Service	JK	02/19/2023	Review/edit and disseminate award of roundabout contract and confer with	0.20	$315.00	$63.00	
			Prosser on same				
Seivice	MG	02/23/2023	Research plats; review acquisition
documents for Whistling Straits	0.40	$175.00	$70.00	
Service	GK	02/24/2023	Review lnterlocal Agreement regarding
cost sharing provisions and	0.40	$275.00	$110.00	
			responsibilities, process for the same.				
Service	LG	02/26/2023	Review and revise joint meeting minutes.	0.10	$310.00	$31.00	
Service	MG	02/27/2023	Review plats, review and revise acquisition
documents for Whistling Straits	0.40	$175.00	$70.00	
Service	LG	02/28/2023	Advise regarding extension of deadline for roundabout bids.	0.20	$310.00	$62.00	
Service	JK	02/28/2023	Confer re: roundabout proposals and	0.10	$315.00	$31.50	
			options for same				
Seivice	RVW	02/28/2023	Research legislative bills impacting special
districts and provide newsletter on same	0.10	$365.00	$36.50	

Total	
$2,305.52	

Detailed Statement of Account

Other Invoices

Invoice Number 5376

Due On 02/21/2023

Amount Due

$1,942.03

Payments Received	Balance Due

$0.00	$1,942.03

Invoice# 6209 - 03/15/2023

5734	03/21/2023	$1,895.61	$0.00	$1,895.61	
Current Invoice					
Invoice Number	Due On	Amount Due	Payments Received	Balance Due	
6209	04/14/2023	$2,305.52	$0.00	$2,305.52	
			Outstanding Balance	$6,143.16	
			Total Amount Outstanding	$6,143.16	

Please make all amounts payable to: Kilinski I Van Wyk, PLLC Please pay within 30 days.

ROSSER
A PRlrTIEi' Company

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

March 14, 2023 Project No: Invoice No:

113094.80
49767

Project	113094.80	Rivers Edge Ill COD For services including attend February COD meeting.
Professional Services from February 1, 2023 to February 28, 2023 Professional Personnel

1·31 513 3//
5

	Hours	Rate	Amount	
Principal	1.00	235.00	235.00	
Totals	1.00		235.00	
Total Labor			235.00	

Reimbursable Expenses
Travel - Reimbursable - Mileage
Travel - Reimbursable- Mileage Client OV
Total Reimbursables

Outstanding Invoices

17.80
8.40
1.15 times	26.20	30.13
Total this Invoice	$265.13

Number	Date	Balance	
49416	1/19/2023	249.38	
49589	2/13/2023	235.00	
Total		484.38	

13901 Sutton Park Drive South, Suite 200 I Jacksonville, FL 32224 0229 l 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#

4/3/23
CS-2023-ARP

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

DESCRIPTION	AMOUNT	

Cost Share-Landscaping for April 2023 f, 32,572, 'I'll

Cost Share- RiverTown Amenity for April 2023 - J,3,l· 5 72,- i,/z_z_

icu: i"WJ[Eii
APR led 3	• ·••·
O
-	"  ;
By	

$	14,940,50

$	26,379,92	
TOTAL	$	41,320,42	
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!

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#

4/3/23
CS-2023-ARP

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

DESCRIPTION	AMOUNT	

Cost Share- RiverTown Amenity for April 2023 I· 3 oo • 2o7	• 1 "'I
l'j

/IPR O 3	
$	11,569.92	
TOTAL	$	11,569.92	
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!

VGlobalTech

636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

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

INVOICE # 4880
DATE 03/31/2023
DUE DATE 03/31/2023
TERMS Due on receipt

DATE:	ACTIVITY	QTY	RATE	AMOUNT	
Web Maintenance:ADA Website Maintenance		400.00	400.00	
Ongoing website maintenance for				
ADA and WCAG Compliance				

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

3 l 2023

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge COD flI

INVOICE

Remit To;
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017

Invoice Due Date:  March 29, 2023
Invoice Amount:	$829.95

February Irrigation Repairs ******Settlement Dog Park'*****
Irrigation Repairs	$829.95
Approved RECDD Ill
Submitted to AP on 4-10-2023 by Jason Davidson

r::::;:1:tJJ

2-l{	Invoice Total	$829.95

By

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.62111 Fax 386.437.1286

'-·" 1, ·l ·i''(, ,.f\l, .',1 ,,.-\ ·.I·-11f, ,,\, 'I.·,

WORK

DATE

2/7/W23

PG10F1

	Plea 

DAT!i	DESCRIPTION

HOURS	RATE

TOTAL

W.0.#		

,,.	COMPLETED

NAME ADDRESS

River Town

settlement new dogpk,CDD3

#			EXTNSN	
1	lateral break il/2.11	
$122.00	
$122	
1	latetal break 111	
$98,00	
$98,00	
1	lateral break 3/4u	
$88.00	
$88,00	
1	lateral break 211	
$149.95	
$149,95	
			$	-	
			$	-	
			$	-	
			$	-	
			$	-	
			$	-	
			$	-	
			$	-	
	--- ,,		$	-	
	f\l..,\.,\..J .,1/'\I ,_,,,,
1'\('\C<.IPI  f.=TF'.		$	-	
	'iU\[l'{ FOR 811..LING		$	-	
			$	-	
PAUTSTOTAL	$	4S7.95	

NO!.l\i0077V

#ff#ffffff##	Tech	
4	
$93.00	
$372,00	
				$	-	
				$	-	
				$	-	

LAUOR & RENTALTOTAL	
$	372.00	

Approved Not Approved

comment,	COMPLITTW WORK
b(oken lateral lines at New dog park 4 broken laterals Une	
MATERIALS	
$	457.95	
	
LABOR & RENYAl.	
$	372.00	

TOTAL	$	829,95	

 2/7/2023	

-Ea-rl

---------CLIENT  	

Bill To:
Rivers Edge CDD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge CDD Ill

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017 Atlanta, GA30392-1017

Invoice Due Date:  March 30, 2023
Invoice Amount:	$26,914.95

iifQ;;MiMiiii
Monthly Landscape Maintenance February 2023	$26,914.95

Invoice Total	$26,914.95

Approved RECDD Ill Submitted to AP on 3-20-2023 by Jason Davidson
)1,, D)1,,
I/·32· 572• 'f(,I
;2. y

Bill To:
Rivers Edge CDD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:	Rivers Edge CDD Ill

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017 Atlanta, GA30392-1017

Invoice Due Date:  May 1, 2023
Invoice Amount:	$26,914.95

Approved RECDD Ill Submitted to AP on 4-7-2023 by Jason Davidson
rn,	D	n,

Invoice Total	$26,914.95

By

/•"32·57Z  -</Col
2'b

2.

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

Proposal:

RiverHouse Mound Repair

Is the cost for this work intended to be shared?

□

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:

This work was reviewed by the engineer and methodology consultant and jointly they have determined the costs are “Shared Costs”, as defined 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 terms of that certain
Tri-Party Interlocal 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 (“Interlocal Agreement”).

__________________________________________________________________

Rivers Edge CDD

Requesting Party: Request:	■

Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)

 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 to repair the washout on the Mound at the RiverHouse located behind the playground.

Total Proposed
Compensation:	$ 4,531.42	

Cost Share		
Calculation:	$1,487.67	Rivers Edge	
	$1,399.30	Rivers Edge II	
	$1,644.45	Rivers Edge III	

Methodology			
Consultant Approval:		
(Signature)

(Date)
If requesting addition of new improvements:
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 shall be subject to and governed by the Interlocal 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

By: 	
 Chair  Vice-Chair, Board of Supervisors Date: 	

Proposal For	Location

Proposal #288133
Date: 02/24/2023 From: Michael Scuncio

Rivers Edge CDD I	475 West Town Place Suite 114

c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092

main: 904-679-5523
mobile: jdavidson@vestapropertyservices.com

St. Augustine, FL 32092

Property Name: Rivers Edge CDD I

Revamp irrigation at Ant Hill and repair sod from washout	Terms: Net 30		
DESCRIPTION		QUANTITY	AMOUNT	
Bermuda Sod		3.00	$1,710.00	

Soil		
3.00	
$150.00	

Irrigation material		
1.00	
$571.42	

General Labor		
30.00	
$2,100.00	
Client Notes				

Yellowstone will rework irrigation at Ant Hill so that the irrigation shoots up rather than have a rotor at top that continues to be dig out. We will add soil at the top of the mound and repair sod that was damaged from previous washouts

SUBTOT	
AL	
$4,531.42	
SALES	TAX	$0.00	
TOTAL	$4,531.42	

Signature x
Signature above authorizes Yellowstone Landscape to perform work as described above and verifies that the prices and specifications are hereby accepted. All overdue balances will be charge a 1.5% a month, 18% annual percentage rate.
Limited Warranty: All plant material is under a limited warranty for one year. Transplanted plant material and/or plant material that dies due to conditions out of Yellowstone Landscape's control (i.e. Acts of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Contact	Assigned To

Print Name: 	

Title: 	

Michael Scuncio Office:
mscuncio@yellowstonelandscape.com

Date: 	

3.

COST-SHARE STATUS COVER SHEET
lnsh-uc:tions to Staff:Please complete thisform and attach asa cover sheet to eachproposalpresentedfor approval.

Proposal: Coquina Boulder Install at RiverClub

Is thecost for this workintended to be shared'!

� Yes (Please proceed to question 2)

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

Jfyes, pleasecheck oneof the following:

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

II 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).

[EndofCover Sheet}

COST SHARE REQUEST

This cost share request (the "Request") shall be subject to and governed by the terms of that certain
Tri-Party Interlocal and CostShare Agreement Regarding Shared fmprovement Operation and Maintenance Services and Providing.for the.Joint UseofAmenity Facilities, dated November 1, 2019, as may be amended from time to time ("Tnterlocal 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.)
D Addition of new improvements (Methodology Consultant and Engineer rn ust 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:
Yellowstone willinstall Coqu1na Boulders at Ther RiverClub to prevent cars from driving through landscape beds and turf.

Total Proposed
Compensation:	$4,420.00

Cost Share
Calculation:	_s_1,_45_1_.0_9
_s_1,_36_4_.9_o	
_s_1604_._0 2	

Rivers Edge Rivers Edge ll Rivers Edge III

Methodology
Consultant Approval:			 (Signature)

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

(Date)

[Please aJtach this pageforsupplemental maintenance services/or existing Improvements]

The undersigned 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 lnterlocal Agreement.

RJVERS EDGE COMMUNITY DEVELOPMENT DISTRICT

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

RIVERS EDGE 11 COMMUNITY
DEVELOPMENT DISTRICT

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

RIVERS EDGE ur CDD

By: 	
Chair D Vice-Chair, Board of Supervisors
Date:	

Proposal For

Location

Proposal #290153
Date: 03/03/2023 From: Michael Scuncio

Rivers Edge CDD II
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092

main: 904-679-5523
mobile: jdavidson@vestapropertyservices.com

475 West Town Place Suite 114
St. Augustine, FL 32092

Property Name: Rivers Edge COD II

Install 6 Cocina Boulders at River Club	Terms: Net 30

QUANTITY
I

AMOUNT

Cocina Boulders 3' to 4'	6.00	$3,300.00

General Labor	16.00	$1,120.00

Client Notes

Yellowstone will install Cocina Boulders at The River Club to prevent cars from driving throw landscape beds and turf. We will use two existing boulders in middle island to complete the job

SUBTOTAL	$4,420.00

Signature

SALES TAX

$0.00

X

Signature above authorizes Yellowstone Landscape to perform work as described above and verifies that the prices and specifications are hereby accepted. All overdue balances will be charge a 1.5% a month, 18% annual percentage rate.
Limited Warranty: All plant material is under a limited warranty for one year. Transplanted plant material and/or plant material that dies due to conditions out of Yellowstone Landscape's control (i.e, Acts of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Contact
Print Name:	 Title:		 Date:		

Assigned To
Michael Scuncio Office:
mscuncio@yellowstonelandscape.com

Yellowstone Landscape I www.yellowstonelandscape.com I 386-437-6211	Page 1 of 1

4.

COST-SHARE STATUS COVERSHEET
Instructions to Staff: Please complete thisform and attach asa cover sheet to each proposal presentedfor approval.

Proposal: RECDD II The Manor Plant Replacement

Is the cost for this work intended to be shared?

Yes (Please proceed to question 2)

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

If yes, please check one of the following:

tJ This work was reviewed by the engineer and methodology consultant and joinLly they have determined the costs are "Shared Costs", as defined in the Interlocal Agreement, and such Shared Costs are budgeted expenses in the CWTent fiscal year budget.

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

[End ofCover Sheet]

COST SHARE REQUEST

This cost share request (the "Request") shall be subject to and governed by the tenns of that certain
Tri-Party lnterloca/ and CostShare AgreementRegarding Shared Improvement Operation and Maintenance Sen1ices and Providing/or the.Joint Use ofAmenity Facilities, dated November I, 2019, as may be amended from time to time ('4lnterlocal 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.)
D 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 torepair the washout on the Mound at the RfverHouse located behind the playground.

Total Proposed
Compensation:	$2846.00	

Cost Share Calculation:

-$9-34.-34 ---	Rivers Edge

_$_87_8_.a_s	Rivers Edge rr

_s_10_3_2_.a_1  

Rivers Edge Ill

Methodology
Consultant Approval:			 (Signature)

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

(Date)

[Please attachthis pagefor supplemental maintenance servicesfor existing improvements]

The w1dersigned 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 lnterlocal Agreement.

RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT

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

RIVERSEDGE II COMMUNITY DEVELOPMENT DISTRICT

B□ y:	­

Chair O Vice-Chair, Board of Supervisors

Date: 	 _

B□y:

RIVERS EDGE Ill COD

Chair □ Vice-Chair, Board of Supervisors Date:	

..,_f:,,, YELLOWSTONE

..-

..

.	-
•

Proposal #289482

Date: 03/01/2023

From: Michael Scuncio

•

Proposal For	Location

Rivers Edge CDD II
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092

main: 904-679-5523
mobile: jdavidson@vestapropertyservices.com

475 West Town Place Suite 114
St. Augustine, FL 32092

Property Name: Rivers Edge COD 11

Rivers Edge CDD II Manors Entrance Plant Replacement	Terms: Net 30

QUANTITY	AMOUNT

3G Walters Viburnum	118.00	$2,006.00

General Labor	12.00	$840.00

Client Notes

Yellowstone will replace Walters Viburnum at Entrance to The Manors

SUBTOTAL	$2,846.00

Signature

SALES TAX

$0.00

X

Signature above authorizes Yellowstone Landscape to perform work as described above and verifies that the prices and specifications are hereby accepted. All overdue balances will be charge a 1.5% a month, 18% annual percentage rate.
Limited Warranty: All plant material is under a limited warranty for one year. Transplanted plant material and/or plant material that dies due to conditions out of Yellowstone Landscape's control (i.e. Acts of God, vandalism, inadequate im·gafion due to water restrictions, etc.) shall not be included in the warranty.

Contact

Print Name:			 Title: 	_ Date: 		_

Assigned To
Michael Scuncio Office:
mscuncio@yellowstonelandscape.com

Yellowstone Landscape I www.yellowstonelandscape.com I 386-437-6211	Page 1 of 1

5.

a.

COST-SHARE STATUS COVER SHEET
Instructions to Staff: Please complete thisform and attach as a cover sheet to each proposal presentedfor approval.

The Settlement Landscape Addendum
Proposal:

Is the cost for this work intended to be shared?

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:

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

D 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 ofCover Sheet}

COST SHARE REQUEST

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

Requesting Party: Rivers Edge Ill CDD

Request:

Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)
Iii 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:
The Settlement Landscape Addendum from Yellowstone for services.

Total Proposed
Compensation:	$43,860.00

Cost Share
Calculation:	_$_1_4_,3_99_._24 
_$_1_3_,5_43_._97

_$_1_5,_91_6_.7_9 

Rivers Edge Rivers Edge II Rivers Edge III

Methodology
Consultant Approval:			 (Signature)

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

(Date)

[Please attach this page/or supplemental maintenance services/or existing Improvements]

The undersigned  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

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: 	

Landscape Maintenance Services Proposal prepared for
Rivers Edge- Settlement Addendum
February 06, 2023

EXHIBIT "A"
LANDSCAPE MANAGEMENT SERVICES PRICING SHEET

RIVERS EDGE-SETTLEMENT ADDENDUM

Core Maintenance Services

Mowing
Includes Mowing, Edging, String Trimming, & Cleanup

$23,778

Detailing
Includes Shrub Pruning, Tree Pruning, & Weeding

$11,092

IPM
Includes Fertilization & Pest Control Applications

$4,550

Irrigation Inspections	$2,340

Palm Pruning
Prune Palms 1 Time Per Year

$2,100

Total	$43,860

$3,655.00

Grand Total Monthly:

$43,860.00

Grand Total Annual:

EXHIBIT "B"
PERFORMANCE STANDARDS

RIVERS EDGE-SETTLEMENT ADDENDUM

Managing the needs of your unique landscape requires careful planning and attention to detail.
Our experienced professionals use their extensive training and state-of-the-art equipment to ensure the health and sustainability of your living investment.
Should you ever have additional needs, questions or concerns, please ask us.

Geographic location and climate play a major role in the timing of our service delivery; schedules are adjusted to coincide with seasonal growth rates in order to maintain
a consistent, healthy appearance. Services missed due to inclement weather
will be made up as soon as possible. The following table summarizes our planned visits for completing each of the services performed on your property:

42

Maintenance

Visits

Service

Detailing	12

IPM - Fertilization & Pest Control

6-Blanket Turf Applicatons 2-Blanket Shrub Applications

Irrigation Inspections	12

1

Tree Pruning

Per Request

Mulch

Palm Pruning	1

Settlement (Parcel 29)

CDD Landscape Maintenance Exhibit

JD

SF

1
2
3
4
5
6
7
8
9
10
11
16	12
15	13
14

17

118

117

116

115

114

113

112

18	37
36
35
34
33
32
31
19	30
29
28
27
26
25
24

20
23

111

38

39

110

109

108
56

21	22	40

107

57	41

106

42

58	55

105

43

104

54	44
59

103

45

60	53

102

JD

JD

JD

JD

46

101

61	47
52

100

48
78

77	51

62
76
79	49
75

74

73	50

72	63

71

80

64
70

83

84	69
81
85	65
82	99
86

68

87

98
67	JD	JD

88

66

89
97

90

96

91

95

92

94

93

P:\118\118094.11 RT Parcel 29-31\Production\Drawings\Sheets\118094.11 L-2.00.dwg [LS Exhibit] 2021-11-12 10:32 TLynch

100	0	100

2020-07-30 prsr_pres-ArchD-brdr-lscp

b.

COST-SHARE STATUS COVER SHEET
Instructions to Staff Please complete thisform and attach as acover sheet to each proposal presentedfor approval.

Proposal: The Settlement Ponds 888,CCC,DDD & E

Is the cost for this work intended to be shared?

l!!!!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:

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

D 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 ofCover Sheet]

COST SHARE REQUEST

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

Requesting Party: Rivers Edge Ill COD

Request:

Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)
Iii 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:
The Settlement Landscape Addendum from Yellowstone for services.

Total Proposed
Compensation:	$404.00

Cost Share
Calculation:	_$_1_3_2._63	
_$_1_2_4._76	

Rivers Edge Rivers Edge II

_$_1_46_.6_1	Rivers Edge III

Methodology
Consultant Approval:			 (Signature)

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

(Date)

[Please attach this pagefor supplemental maintenance servicesfor existing ImprovementsJ

The undersigned 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 □ Vice-Chair, Board of Supervisors Date:	

RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT

By:

□

□

Chair	Vice-Chair, Board of Supervisors

Date: 	

RIVERS EDGE III CDD

By:

□

Chair D Vice-Chair, Board of Supervisors

Date: 	

Aquatic Management Agreement

This Agreement dated	January 10	_, 2023, is made between Charles Aquatics,Inc.,
a Florida Corporation, and

Name Rivers Edge III c/o Kevin McKendree	
Property Address Wambaw Dr in The Settlement	

Billing Address

475 West Town Place, Suite 114, St Augustine, FL 32092	

Phone 904-679-5523	Cell _	E-Mail kmckendree@vestapropertyservices.com	_ Hereinafter called “CLIENT”.
Charles Aquatics, Inc., agrees to provide monthly visual inspections of the waterway(s) and application of herbicides or algaecides, as needed, in accordance with the terms and conditions of this Agreement and within all applicable governmental regulations for a period of twelve (12) months from the date of the execution of this Agreement at the following location(s): Four (4) ponds located in The Settement in St Johns County, FL.
CLIENT agrees to pay Charles Aquatics, Inc. , the following sum(s) for the listed aquatic management services:

Monthly Aquatic Management Services
Comprehensive Service Reports following each treatment
Pollution Liability Insurance
Grass Carp stocking (Upon Approval)
Permitting for Grass Carp
Fabrication and Installation of Aluminum Fish Barriers

$ 404.0_0
$ Included
$ Included
$ 8.00/fish
$ Included
$ 55/sq. ft

The terms and conditions in this entire Agreement (to include pages 2 and 3) form an integral part of this Agreement and the CLIENT hereby acknowledges that he has read, is familiar with, has checked and initialed all boxes listing DISCLOSURE conditions (a) through (i) on page 2, and will comply with the contents thereof.

Charles Aquatics, Inc.	Client

Sign		_ Print			 Date	

-1-
(Aquatic Management Agreement continued on page 2)

Payment - This contract has a Net 30 payment requirements. Payments made after 30 days from the date of the invoice will be assessed interest charges in the amount of 1.5% for each month payment is late.
The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by the CLIENT to Charles Aquatics, Inc. within 30 days of the issuance.

Terms and Conditions
Control Methods - Aquatic Management services will be provided by procedures consistent with environmentally safe water management practices using one or more of the following established methods and techniques where applicable and as indicated on page one (1) of this agreement for the control of non-native, invasive aquatic weeds:
Chemical Control - Chemical control consists of periodic applications of aquatic herbicides and algaecides to control aquatic weeds and filamentous or macrophytic algae. When necessary and prior to treatment with aquatic herbicides or algaecides, oxygen tests will be conducted to ensure oxygen levels are adequate for fish and other aquatic life survival. There is no additional charge for indicated routine oxygen testing. Planktonic algae, Spikerush and Cyanobacteria will be an additional fee to control.
Biological Control - Biological control consists of the stocking of weed eating fish, primarily triploid grass carp. CLIENT acknowledges that prior to fish stocking, governmental permits may be required, and that there may be further requirements for the installation of fish barriers. Fish barrier installation is a separate service from fish stocking and may be provided at no additional cost.
Mechanical Removal - Mechanical removal consists of the physical removal of aquatic weeds from waterways. The disposal site of aquatic weeds will be determined by mutual agreement between Charles Aquatics, Inc. and the CLIENT. Mechanical removal of aquatic weeds may be performed at an additional cost to the Client. This Service is not included in this agreement but available for an additional fee.
Trash Removal – Trash removal consists of the physical removal of minor trash floating within and from
the areas immediately surrounding the Client’s waterway(s) and may be provided at no additional cost. Minor trash is defined as the amount of trash that can fit into a 5 gallon bucket. More trash than that will be an additional cost at $75/manhour.

Disclosure - CLIENT agrees to disclose, by checking and initialing boxes adjacent to subparagraphs (a) through (i) below, the existence of any of the following which presently exist or will be expected to exist in the treated waterway(s) during the entire term of this Agreement and any extension(s) thereof.
YES		NO		INITIALS	
a) Water used for irrigating landscape around ponds is "effluent" or reclaimed water.					

b) Water from the treated waterway(s) is used for irrigation.					

c) Water from the treated waterway(s) is used for human or animal consumption.					

d) Treated waterways are not used for swimming by humans or pets					

e)Treated waterways have been mitigated (government required aquatic planting) or	are scheduled to be mitigated.					

f) Any special use of treated waterway which may conflict with treatments.					

g) The presence of fish such as triploid grass carp, tilapia or koi in the treated waterway.					

h) Restrictions on the use of any aquatic herbicides or algaecides in the waterways to be treated.					

i) Existence of other aquatic management programs being conducted in the same waterway(s) which Charles Aquatics, Inc. is treating.					

CLIENT agrees to provide Charles Aquatics, Inc. additional details on any conditions (s) checked “YES” in boxes adjacent subparagraphs (a) through (i) above on the spaces below:

CLIENT agrees that its failure to disclose any conditions (s) listed in (a) through (i) above may compromise Charles Aquatics’ capacity to adequately perform satisfactory aquatic management service and may necessitate renegotiation of the Agreement.
Any failure of CLIENT to disclose conditions listed in (a) through (i) above on the date of the execution of this Agreement which may hinder or significantly change Charles Aquatics’ ability to provide satisfactory aquatic management service does not relieve CLIENT’s obligation to pay Charles Aquatics, Inc. for service provided under the terms and conditions of this Agreement.
Disclosure by checking and initialing boxes listing certain conditions adjacent to subparagraphs (a) through (i)

above may be cause for Client and Charles Aquatics, Inc. to renegotiate this Agreement prior to the provision of any service by Charles Aquatics, Inc.
Time-Use Restrictions - When federal and state regulations require water time-use restrictions following the application of aquatic herbicides, Charles Aquatics, Inc., will notify the CLIENT in writing of such restrictions at the time of treatment. It shall be the responsibility of the CLIENT to comply with the restrictions throughout the required period of time-use restrictions. CLIENT understands and agrees that notwithstanding any other provisions of this Agreement, Charles Aquatics, Inc. does not assume any liability for failure by any party to be notified of, or comply with, the above time-use restrictions.

Access - CLIENT agrees to provide adequate access of aquatic management equipment to waterway(s) being treated. Adequate access will be determined by Charles Aquatics, Inc. and the Client. Access routes must be a minimum of ten
(10) feet in width, and ten (10) feet high; must provide a firm surface for the passage of boats, boat trailers, and towing vehicles; must have a grade no greater than forty five (45) degrees; and not require crossing bulkheads surrounding waterways. In the event it is deemed there are not adequate access routes to waterways for aquatic management equipment, this Agreement may be terminated or renegotiated.

Effective Date - The effective date of this Agreement is the first day of the month in which aquatic management services are first provided.

Termination - Termination of this Agreement may be made in writing at any time by Charles Aquatics, Inc. or by the CLIENT. The effective date of any termination will be the last day of the month during which written notice is received by Charles Aquatics, Inc. In the event Client terminates the agreement prior to the end of the initial year, Client agrees to pay Charles Aquatics, Inc. for the balance of the agreement.

Renewal - Upon completion of this Agreement or any extension thereof, this Agreement shall be extended for a period equal to its original term unless terminated by either party. To compensate for economic forces beyond the control of CHARLES AQUATICS, Inc., Client agrees to pay an annual four percent (4%) increase for provided aquatic management services. The increase will be rounded off to the nearestdollar.

Insurance Coverage - Charles Aquatics, Inc. shall maintain the following insurance coverage: Automobile Liability, General Liability and Pollution Liability. Workers’ Compensation coverage is also provided. Charles Aquatics, Inc. will submit copies of current insurance certificates upon request.

Disclaimer - Neither party to this Agreement shall be responsible for damages, penalties or otherwise any failure or delay in performance of any of its obligations hereunder caused by strikes, riots, acts of God, war, governmental orders and regulations, curtailment or failure to obtain sufficient materials or other force majeure condition (whether or not the same class or kind as those set forth above) beyond its reasonable control and which by the exercise of due diligence, it is unable to overcome.

Authorized Agent - CLIENT warrants that he is authorized to execute this Aquatic Management Agreement on behalf of the riparian owner and to hold Charles Aquatics, Inc., harmless for consequences of such service not arising out of the sole negligence of Charles Aquatics, Inc. This would include injury or death to humans or animals who swim, drink or fish in waterways.

Monthly Payments - The monthly amount is firm for the entire term of the original Agreement. CLIENT understands that, for convenience the annual agreement payments will be distributed equally over a twelve (12) month period and that individual monthly billings may not necessarily reflect fluctuating costs of service. CLIENT agrees to reimburse CHARLES AQUATICS, Inc. for any bank charges resulting from a returned check for insufficient funds.

Damages - Charles Aquatics, Inc. agrees to hold CLIENT harmless from any loss, damage or claims arising out of the sole negligence of Charles Aquatics, Inc. However, Charles Aquatics, Inc. shall in no event be liable to the CLIENT or to others, for indirect, special or consequential damages to property resulting from normal activities performed in a responsible manner.

Non-Payment, Default - In the case of non-payment by the CLIENT, Charles Aquatics, Inc. reserves the right following written notice to the CLIENT to terminate this Agreement, and reasonable attorneys’ fees and costs of collection shall be paid by the CLIENT, whether suit is filed or not. In addition, interest at the rate of one and one half percent (1.5%) per month may be assessed for the period of delinquency.

Assignment of the Agreement - This Agreement is not assignable by the CLIENT except upon prior written consent by
Charles Aquatics, Inc.

Alterations and Modifications - This three (3) page Agreement constitutes the entire Agreement of the Parties hereto and no oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing and accepted by an authorized representative of both Charles Aquatics, Inc. and the CLIENT.

Hickory Creek Elementary School Switzerland Pt. Middle School
13

Publix

Master Plan 2022

Welcome Center

Borrow Pit (Rec Pond)

RECDD 1 Boundary
RECDD 2 Boundary
RECDD 3 Boundary

J

EA Site

S
WW	MM	DD EE
CC
FF	U

Y

Q

CR7

R

M	CR6
L

CR8

Bartram Trail High School

Existing Stormwater Ponds Future Stormwater Ponds Stormwater Discharge
FF Pond Name/Number

S	Park

T

DDD

CCC

XX

H

H	GG
BBB	LL	II
YY
ZZ	OO	Z

V	SS
J

TT	CR5

UU
CR4

e

JJ

P opo P oint 

ommunity Park

C

Existing Riverfront Park

Existing Fishing Pier

AAA	RR

EEE

QQ	VV

PP

A

E
B

G

K

C	D

B

B

H
W
X
RC2

KK
I	NN

1
2	8
7
AA	4	3	15
6

5
10
11
13
12
14

CR3 9

CR2

CR1

N
July 8, 2022

RiverClub

RC1

C

S
S

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.

6.

04-QCD.02A-Date: March 22, 2023

This instrument prepared by or under the direction of:
David M. Robertson
Chief Counsel District Two
Florida Department of Transportation 1109 South Marion Avenue
Lake City, Florida 32025-5874	

PARCEL NO. SECTION NO.
F.P. NO.
STATE ROAD NO. COUNTY OF	

164.5
7807-785
n/a 13
St. Johns	

Q U I T C L A I M D E E D

THIS QUITCLAIM DEED, made this 	day of 	, 20  , by RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT, RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT, and RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT,
each a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, 475 West Town Place, Suite 114, St. Augustine, Florida 32092, grantor, to the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION, 1109 South Marion Avenue, Lake City, Florida 32025-5874, grantee: (Wherever used herein the terms "grantor" and "grantee" include all the parties to this instrument and the heirs, legal representatives and assigns of individuals and the successors, and assigns of organizations).

WITNESSETH: That the grantor, for and in consideration of the sum of One Dollar ($1.00) and other valuable considerations, receipt and sufficiency being hereby acknowledged, does hereby remise, release, and quitclaim unto the said grantee forever, all right, title, interest, claim and demand, if any, which the said grantor has in and to the following described parcel of land situate in the County of St. Johns, State of Florida, to wit:

SEE Exhibit “A”, attached hereto and by reference made a part hereof.

TO HAVE AND TO HOLD, the same together with the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest, lien, equity and claim whatsoever of the said grantor, either in law or equity, to the said grantee forever.

IN WITNESS WHEREOF, the said grantor has caused these presents to be executed in its name, and its corporate seal to be hereunto affixed, by its proper officers thereunto duly authorized, this	day of 	, 20	.

Signed, sealed and delivered in	Rivers Edge Community Development District the presence of:
By:	

Witness:	Print Name: 	
Print Name:	
Chairman, Board of Supervisors

Witness:
Print Name: 	
(Corporate Seal)

STATE OF 	

COUNTY OF 	

The foregoing instrument was acknowledged before me, by means of  physical presence
or		online	notarization,	this			day	of		,	20	,	by
	, as Chairman of the Board of Supervisor, of Rivers Edge Community Development District, on behalf of the District,  who is personally known to me or  who has produced 		as identification.

Print Name: 	
Notary Public
(Notary Seal)	My Commission Expires:	

Signed, sealed and delivered in	Rivers Edge II Community Development District the presence of:
By:	

Witness:	Print Name: 	
Print Name:	
Chairman, Board of Supervisors

Witness:
Print Name: 	
(Corporate Seal)

STATE OF 	

COUNTY OF 	

The foregoing instrument was acknowledged before me, by means of  physical presence
or		online	notarization,	this			day	of		,	20	,	by
	, as Chairman of the Board of Supervisor, of Rivers Edge II Community Development District, on behalf of the District,  who is personally known to me or  who has produced 		as identification.

Print Name: 	
Notary Public
(Notary Seal)	My Commission Expires:	

Signed, sealed and delivered in	Rivers Edge III Community Development District
the presence of:
By:	

Witness:	Print Name: 	
Print Name:	
Title: District Manager

Witness:
Print Name: 	
(Corporate Seal)

STATE OF 	

COUNTY OF 	

The foregoing instrument was acknowledged before me, by means of  physical presence
or		online	notarization,	this			day	of		,	20	,	by
	, District Manager, of Rivers Edge III Community Development District, on behalf of the District,  who is personally known to me or  who has produced
	as identification.

Print Name: 	
Notary Public
(Notary Seal)	My Commission Expires:	

Exhibit “A”

Section No. 7807 – (785)	State Road No. 13	St. Johns County
F.P. NO. N/A

Description

PARCEL NO. 164A,164B, 164C	FEE SIMPLE

A Part Of The Francis P. Fatio Grant, Section 44, Township 5 South, Range 26 East, St. Johns County, Florida, Being More Particularly Described As Follows:

PARCEL NO. 164A:

Commence At The Northwest Corner Of Rivertown Estate Lots, Phase 1-A, As Per Map Or Plat Thereof, Recorded In Map Book 90, Page 30, Of The Public Records Of St. Johns County, Florida, Thence North 01°00’35” East, A Distance Of 50.00 Feet To The Survey Baseline Of State Road No. 13 (A 100 Foot Right Of Way, As Per Florida Department Of Transportation Right Of Way Map, Section No. 7807 (785); Thence South 88°59’25” East, Along Said Baseline, A Distance Of 367.73 Feet To A Curve To The Right, Having A Radius Of 2,864.90 Feet; Thence Along Said Baseline And Said Curve, Through An Angle Of 27°48’21”, An Arc Distance Of 1,390.35 Feet, And A Chord Bearing And Distance Of South 75°05’08” East, 1,376.74 Feet; Thence North 28°49’02” East, A Distance Of 50.00 Feet To The Northeasterly Existing Right Of Way Line Of Said State Road No. 13, And A Curve To The Left, Having A Radius Of 184.00 Feet And The Point Of Beginning; Thence Along Said Curve, Through An Angle Of 43°48’26”, An Arc Distance Of 140.68 Feet, And A Chord Bearing And Distance Of North 82°46’59” East, 137.28 Feet To A Curve To The Left, Having A Radius Of 79.00 Feet; Thence Along Said Curve, Through An Angle Of 28°35’49”, An Arc Distance Of 39.43 Feet, And A Chord Bearing And Distance Of North 46°34’51” East, 39.02 Feet To The Northwesterly Existing Right Of Way Line Of Grand Bridge Drive (A 100 Foot Right Of Way, As Recorded in Map Book 112, Page 63, Of The Public Records Of St. Johns County, Florida); Thence South 32°16’56” West, Along Said Northwesterly Right Of Way Line, A Distance Of 120.43 Feet To The Aforementioned Northeasterly Right Of Way Line Of State Road No. 13 And A Curve To The Left, Having A Radius Of 2,914.90 Feet; Thence Along Said Right Of Way Line And Said Curve, Through An Angle Of 02°16’25”, An Arc Distance Of 115.67 Feet, And A Chord Bearing And Distance Of North 60°02’45” West, 115.66 Feet To The Point Of Beginning.

Containing 4,044 Square Feet, More Or Less. And:
PARCEL NO. 164B:

Commence At The Northwest Corner Of Rivertown Estate Lots, Phase 1-A, As Per Map Or Plat Thereof, Recorded In Map Book 90, Page 30, Of The Public Records Of St. Johns County, Florida, Thence North 01°00’35” East, A Distance Of 50.00 Feet To The Survey Baseline Of State Road No. 13 (A 100 Foot Right Of Way, As Per Florida Department Of Transportation Right Of Way Map, Section No. 7807 (785); Thence South 88°59’25” East, Along Said Baseline, A Distance Of 367.73 Feet To A Curve To The Right, Having A Radius Of 2,864.90 Feet; Thence Along Said Baseline And Said Curve, Through An Angle Of 32°02’43”, An Arc Distance Of 1,602.32 Feet, And A Chord

Bearing And Distance Of South 72°57’57” East, 1,581.52 Feet; Thence North 33°03’24” East, A Distance Of 50.00 Feet, To The Intersection Of The Northeasterly Existing Right Of Way Line Of Said State Road No. 13 And The Southeasterly Existing Right Of Way Line Of Grand Bridge Drive (A 100 Foot Right Of Way, As Recorded in Map Book 112, Page 63, Of The Public Records Of St. Johns County, Florida) And The Point Of Beginning; Thence North 32°16’56”E, Along Said Right Of Way Of Grand Bridge Drive, A Distance Of 114.16 Feet To A Curve To The Left, Having A Radius Of 108.00 Feet; Thence Along Said Curve, Through An Angle Of 88°12’53”, An Arc Distance Of 166.28 Feet, And A Chord Bearing And Distance Of South 11°49’30” East, 150.34 Feet; Thence South 55°55’57” East, A Distance Of 28.83 Feet To A Curve To The Right, Having A Radius Of 980 Feet; Thence Along Said Curve, Through An Angle Of 12°48’50”, An Arc Distance Of
219.17 Feet, And A Chord Bearing And Distance Of South 49°31’32” East, 218.71 Feet To The Aforementioned Northeasterly Right Of Way Line Of State Road No. 13 And A Curve To The Left, Having A Radius Of 2,914.90 Feet; Thence Along Said Right Of Way Line And Said Curve, Through An Angle Of 06°54’04”, An Arc Distance Of 351.09 Feet, And A Chord Bearing And Distance Of North 53°29’34” West, 350.88 Feet To The Point Of Beginning.

Containing 5,270 Square Feet, More Or Less. And:
PARCEL NO. 164C:

Tract “RW” Of Rivertown Estate Lots, Phase 1-A, As Per Map Or Plat Thereof, Recorded In Map Book 90, Page 30, Of The Public Records Of St. Johns County, Florida,

Containing 2,793 Square Feet, More Or Less.