14

SOUTHAVEN

FISCAL YEAR 2020/2021 O&M & DEBT SERVICE ASSESSMENT SCHEDULE
.
TOTAL O&M BUDGET	$651,637.00
COLLECTION COSTS @	2%	$13,864.62
EARLY PAYMENT DISCOUNTS @	4%	 $27,729.23 TOTAL O&M ASSESSMENT		 $693,230.85 	
	$90,331.91		$473,632.98		$129,265.96		
	ALLOCATION OF EQUALIZED ADMIN COSTS		ALLOCATION OF EQUALIZED	FIELD COSTS		ALLOCATION OF STRATIFIED FIELD		
		UNITS ASSESSED					COSTS		PER LOT ANNUAL ASSESSMENT	
	 	PLATTED									

EAU FACTOR	

TOTAL BUDGET	

PER UNIT ASSESSMENT		

EAU FACTOR	

TOTAL BUDGET	

PER UNIT ASSESSMENT			
			DEBT	DEBT																			
			SERIES 2015A-1	SERVICE	SERVICE																			
			DEBT	SERIES 2015A- SERIES 2016A-1 SERIES 2016A-		EAU	TOTAL	PER UNIT												2015A-1 DEBT	2016A-1 DEBT		
	LOT SIZE	O&M	SERVICE(1)	2 (1)	DEBT SERVICE (1)	2 (1)		FACTOR	BUDGET	ASSESSMENT											TOTAL O&M	SERVICE (3)	SERVICE (3)	TOTAL (3)	
	Phase 1																	
$1,867.95
$1,940.57
$1,940.57
$2,035.54
$2,035.54

$1,893.09
$1,940.57
$1,988.06
$2,035.54	
$1,800.00
$1,800.00
$1,080.00
$2,100.00
$1,400.00

$0.00
$0.00
$0.00
$0.00	
$0.00
$0.00
$0.00
$0.00
$0.00

$1,800.00
$1,800.00
$2,100.00
$2,100.00	
$3,667.95
$3,740.57
$3,020.57
$4,135.54
$3,435.54

$3,693.09
$3,740.57
$4,088.06
$4,135.54	
	Single Family 58'	28	28	0	0	0		1.00	$7,124.77	$254.46		1.00	$37,356.97	$1,334.18		1.00	$7,820.76	$279.31							
	Single Family 73'	83	59	0	0	0		1.00	$21,119.86	$254.46		1.00	$110,736.72	$1,334.18		1.26	$29,210.53	$351.93							
	Single Family 73' (Partial)	1	1	0	0	0		1.00	$254.46	$254.46		1.00	$1,334.18	$1,334.18		1.26	$351.93	$351.93							
	Single Family 93'	49	38	1	0	0		1.00	$12,468.35	$254.46		1.00	$65,374.69	$1,334.18		1.60	$21,898.12	$446.90							
	Single Family 93' (Partial)	3	3	0	0	0		1.00	$763.37	$254.46		1.00	$4,002.53	$1,334.18		1.60	$1,340.70	$446.90							
	Phase 2																					
	Single Family 63'	80	0	0	76	0		1.00	$20,356.49	$254.46		1.00	$106,734.19	$1,334.18		1.09	$24,356.07	$304.45							
	Single Family 73'	39	0	0	38	0		1.00	$9,923.79	$254.46		1.00	$52,032.92	$1,334.18		1.26	$13,725.43	$351.93							
	Single Family 83'	34	0	0	34	0		1.00	$8,651.51	$254.46		1.00	$45,362.03	$1,334.18		1.43	$13,580.19	$399.42							
	Single Family 93'	38	0	0	38	0		1.00	$9,669.33	$254.46		1.00	$50,698.74	$1,334.18		1.60	$16,982.22	$446.90							
	TOTAL COMMUNITY	355	129	1	186	0			$90,331.91				$473,632.98				
$129,265.96								

LESS: St. John's County Collection Costs (2%) and Early Payment Discount (4%)     ($5,419.91)	($28,417.98)	($7,755.96)

Net Revenue to be Collected       $84,912.00	 $445,215.00	 $121,510.00 

(1) Reflects the number of total lots with Series 2015A-1 and 2016A-1 debt outstanding. There have been 34 (thirty-four) Series 2015A-1 prepayments and 2 (two) Series 2016A-1 prepayments.

(2) Annual debt service assessment per lot adopted in connection with the Series 2015A-1 and Series 2016A-1 bond issues. Annual assessment includes principal, interest, St. John's County collection costs and early payment discount costs.

(3) Annual assessment that will appear on November 2020 St. John's County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early. Does not reflect the Series 2015A-2 and Series 2016A-2 assessments associated with individual lots, which are expected to be prepaid at or prior to the conveyance of such lots to end users.