Coco Palms Community Development District. Engineer s Report Infrastructure Improvements

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Coco Palms Community Development District Engineer s Report Infrastructure Improvements Prepared for Coco Palms Community Development District Board of Supervisors Miami-Dade County, Florida Prepared by Alvarez Engineers, Inc. 10305 NW 41 Street, Suite 103 Miami, FL 33178 Telephone 305-640-1345 Facsimile 305-640-1346 E-Mail Address: Info@Alvarezeng.com 1 st 2 nd DRAFT November 184, 2015

Narrative TABLE OF CONTENTS I. Introduction... 1 II. Purpose of this Engineer s Report.. 3 III. Description of the Public Infrastructure 3 IV. Estimated Schedule of Construction of the Public Infrastructure. 4 V. Ownership and Maintenance. 5 VI. Permitting Status.. 5 VII. Estimate of Public Infrastructure Costs.. 6 VIII. Engineer s Certification 6 Exhibits (Maps) Exhibit 1, Location Map... 8 Exhibit 2, CDD Boundary,... 9 Exhibit 3, CDD Ownership 10 Tables (Construction Cost Estimate Details) Estimate of Construction Costs... 11-16

I. Introduction. Coco Palms Community Development District (the District or CDD ) was established by the enactment of Miami-Dade County Ordinance No. 15-123 on November 3, 2015. Such Ordinance became effective on November 13, 2015. The District is expected to encompass 181 single family units, 309 townhomes and 253 villas homes within 91.43 acres of land for a total of 743 residential units. The District is located in unincorporated Miami-Dade County, Florida, and is bounded by the plat of Hemingway Point (PB 169, PG 46) on the west, SW 248 Street on the north, Theoretical SW 114 Court on the east and the Homestead Extension of Florida s Turnpike (State Road 821) on the south. Refer to Exhibits 1 and 2 for the location and boundary maps of the CDD. The District is wholly comprised within the Tentative Plat of Coco Palm Estates (the T-Plat ). In May of 2015 the T-Plat received final approval from the Regulatory and Economic Resources Department of Miami-Dade County under T-Plat Number T-22608. The approval is valid until February 8, 2016 at which time either the final plat will be recorded, or the T-Plat approval will be extended. The District will partially finance the infrastructure improvements that support the Coco Palm Estates development (the Development ), including improvements to SW 248 Street, the entrance road, the stormwater and drainage facilities, the water and sewer systems, and the recreational facilities (the Clubhouse ) (together, the Public Infrastructure ). The land within the boundary of the District is currently owned by Coco Palm 82, LLC (the Developer ). Upon recording the final plat and the completion of the Development, the land will be made up of CDD and Non-CDD-owned areas as shown in Table 1. The tracts of land intended to be owned by the CDD are also graphically shown in Exhibit 3. Tract ID (Per T Plat) Use Table 1 Area (Acres) Future Ownership CDD HOA WASD Private County SW 248 St ROW Dedicated Right of Way 1.48 Partial A Entrance Road (NW 117 Ave) 1.10 Partial A Interior Roads 22.34 B Landscape Buffer Tract 0.66 C Landscape/Common Areas 0.10 D Landscape/Common Areas 0.16 E Storm Water Mgmt. Area (Lake) 7.92 F Private Park 2.06 G Clubhouse 1.52 H Landscape/Common Areas 0.06 I Landscape/Common Areas 0.05 J Landscape Buffer Tract 1.03 K Landscape/Common Areas 0.02 L Landscape/Common Areas 0.03 M Landscape/Common Areas 0.08 N Landscape/Common Areas 0.07 O Landscape/Common Areas 0.04 P Landscape/Common Areas 0.03 Q Landscape/Common Areas 0.08

Tract ID (Per T Plat) Use Table 1 Area (Acres) R Landscape/Common Areas 0.02 S Landscape/Common Areas 0.02 T Landscape/Common Areas 0.01 U Landscape Buffer Tract 0.18 V Landscape/Common Areas 0.03 W Landscape/Common Areas 0.25 X Landscape/Common Areas 0.02 Y Landscape/Common Areas 0.03 Z Landscape/Common Areas 0.03 A1 Landscape/Common Areas 0.03 B1 Landscape/Common Areas 0.03 C1 Landscape/Common Areas 0.02 D1 Landscape/Common Areas 0.02 E1 Landscape/Common Areas 0.08 F1 Landscape/Common Areas 0.04 G1 Landscape/Common Areas 0.13 H1 Landscape/Common Areas 0.03 I1 Landscape/Common Areas 0.04 J1 Landscape/Common Areas 0.06 K1 Landscape/Common Areas 0.04 L1 Landscape/Common Areas 0.04 M1 Landscape/Common Areas 0.16 Future Ownership CDD HOA WASD Private County N1 Lift Station Tract 0.07 O1 Landscape/Common Areas 0.06 P1 Landscape/Common Areas 0.04 Q1 Landscape/Common Areas 0.04 R1 Landscape/Common Areas 0.21 S1 Landscape/Common Areas 0.04 T1 Landscape/Common Areas 0.04 U1 Landscape/Common Areas 0.04 V1 Landscape/Common Areas 0.21 W1 Landscape/Common Areas 0.04 X1 Landscape/Common Areas 0.04 Y1 Landscape/Common Areas 0.04 Z1 Landscape/Common Areas 0.21 A2 Landscape/Common Areas 0.04 B2 Landscape/Common Areas 0.04 C2 Landscape Buffer Tract 1.00

Tract ID (Per T Plat) Use Table 1 Area (Acres) D2 Landscape/Common Areas 0.36 E2 Landscape/Common Areas 0.05 F2 Landscape/Common Areas 0.13 G2 Landscape/Common Areas 0.04 H2 Landscape/Common Areas 0.10 I2 Landscape/Common Areas 0.28 J2 Landscape Buffer Tract 0.37 K2 Landscape/Common Areas 0.21 Future Ownership CDD HOA WASD Private County L2 Lake Access Tract 0.03 743 Residential Units Single Family, Townhomes, Villas 47.49 Total 91.43 II. Purpose of this Engineer s Report. This Report was prepared for the purpose of describing the Public Infrastructure that supports the development within the District and to report as to its estimated construction costs, status of permits, and schedule of construction. The Public Infrastructure is to be partially financed by the District and is to benefit the residents living within the CDD boundaries as well as the general public. III. Description of the Public Infrastructure. The Public Infrastructure, as described in this Report, consists of roadway, stormwater management, drainage, water, sanitary sewer and recreational facilities improvements that will give service and access to 743 residential units located inside the District s boundary. The proposed infrastructure improvements, as outlined herein, are necessary for the functional development of the District and provide a direct and special benefit to the lands within. a. Roadway Improvements. The roadway improvements consist of reconstructing the segment of SW 248 Street adjacent to the Development as required by Miami-Dade County. A portion of the 248 Street reconstruction extends offsite with respect to the District boundary. The CDD roadway improvements also include the construction of the entrance road at SW 117 Avenue, which extends from SW 248 Street to the guardhouse, as shown in Exhibits 2 and 3. The Developer intends to gate the Development s interior roads to limit access to the residents only, making those roads, in effect, private, and consequently, ineligible for CDD financing. The estimate of costs presented this Engineer s Report (the Report ) for the Public Infrastructure does not include the cost of constructing the interior roads behind the gate. The Developer intends to grant the District, at no cost, an easement over the interior roads in order to provide access to the Clubhouse and the stormwater management and drainage facilities which the District will own. The Developer intends to grant the District, at no cost and in fee simple,, the landright of way of the entrance road, from SW 248 Street to the gatehouse. Refer to Exhibit 3.

The Miami-Dade County Road Impact Fees are included in the estimated cost of roadway improvements. The Developer intends to advance the funds to pay for the impact fees on behalf of the District. b. Stormwater Management and Drainage Facilities. The District will fund the construction of the lake as well as the drainage components of SW 248 Street, the entrance road and the interior roads. Although the latter are private roads, their drainage component, including curbs and gutters, is included in the Public Infrastructure because it is part of the stormwater management plan that gives flood protection to the District and the surrounding lands. The Developer intends to grant the District, at no cost, an easement over the interior roads in order to provide access to the stormwater management and drainage facilities which the District will own. The Developer intends to grant the District, at no cost and in fee simple, the land tracts for the lake and for the access to the lake for ownership and maintenance (tracts E and L2 of the T-Plat, respectively). c. Water Distribution and Sewer Collection Systems. The cost of constructing the water and sewer systems is included in the Public Infrastructure. The systems extend from the point of connection with Miami-Dade County Water and Sewer Department facilities ( WASD ), to the property lines of the residential lots. The sewer collection system includes the cost of the lift station and related force main. The Developer intends to grant the District, at no cost, the necessary easements for constructing and accessing the improvements. The District intends to convey to WASD the completed improvements for future ownership and maintenance. The WASD Connection Charges are included in the estimated costs of the Public Infrastructure. The Developer intends to advance the funds to pay for the connection charges on behalf of the District. d. Recreational Facilities: the Clubhouse. The District will purchase from the Developer, for the use of the community and the general public, the clubhouse tract (Tract G of the T-Plat) and all indoor and outdoor recreational facilities, including buildings, site improvements and fixtures constructed and/or installed within the tract. The estimated $9,000,000 cost of the recreational facilities included in this Report is the estimated value reported by the Developer at this time. IV. Estimated Schedule of Construction of the Public Infrastructure. Table 2 Work Description Begin Date End Date Earthwork 2nd Quarter 2015 To be filled by Lennar Lake 2nd Quarter 2015 To be filled by Lennar Water To be filled by Lennar To be filled by Lennar Sewer To be filled by Lennar To be filled by Lennar Drainage To be filled by Lennar To be filled by Lennar Paving and Grading To be filled by Lennar To be filled by Lennar

Table 2 Work Description Begin Date End Date Landscaping To be filled by Lennar To be filled by Lennar Final Lift of Asphalt To be filled by Lennar To be filled by Lennar V. Ownership and Maintenance. The District will partially finance the acquisition and/or construction of the Public Infrastructure. It will then transfer the improvements to the following agencies for ownership and maintenance: Description Future Ownership Future Maintenance Offsite Roads (SW 248 Street) Miami-Dade County Miami-Dade County Entrance Road CDD CDD Entry Features CDD CDD Stormwater Management Lake CDD CDD Interior roads drainage with easement CDD CDD Water Distribution System WASD WASD Sanitary Sewer System WASD WASD VI. Permitting Status. The table below reflects the permitting status of the development as of the date of this Report. Permit Table 3 Agency In Process Approved Date/Anticipated Site Plan Concurrency County X Valid Until 5/7/2016 T Plat County X Valid Until 2/8/2016 Final Plat County X To be filled by Lennar Paving and Drainage Plans County x 6/8/2015 Paving and Drainage Plans County Highway Division X 7/20/2015 Subdivision Bond County x 8/7/2015 Sewer County RER x 6/12/2015 Water County RER X 6/12/2015 FPL Undergrounding FPL/County X 7/7/2015 Stormwater Management County RER X 6/29/2015 Tree Program County DERM X 6/5/2015 FLA Dept. Of Transportation FDOT X 6/9/2015 School Board County x 6/19/2015 Water & Sewer WASD X 7/1/2015 Lake County X 5/28/2015 CDD Petition Miami Dade County X 11/3/2015

VII. Estimate of Public Infrastructure Costs. Table 4 Roadway Improvements $4,643,100 Stormwater Management And Drainage $4,122,100 Water Distribution System $2,215,200 Sanitary Collection System $3,744,000 Recreational Facilities: The Clubhouse $9,000,000 Details of the estimates of costs may be found in Tables 1 through 6 in the Appendix. VIII. Engineer's Certification. $23,724,400 It is our opinion that the proposed improvements constituting the Public Infrastructure and their estimated costs are fair and reasonable, and that the residential lots within the assessment areas will receive a special benefit equal to or greater than the cost of such improvements. We believe that the improvements can be permitted, constructed and installed at the costs described in this report. I hereby certify that the foregoing is a true and correct copy of the Engineer's Report for the Coco Palms Community Development District. Juan R. Alvarez, PE Florida Registration No. 38522 Alvarez Engineers, Inc. November 181, 2015

APPENDIX