JOHNS· N
ENGINEERING

July 17.2014

SINCE 1946

Ms. Cathy Deckert, District Manager
Walnut Creek Community Development District. Special District Services, Inc.
The Oaks Center, 2501A Burns Road Palm Beach Gardens, FL 33410

Re: Year 2014 Walnut Creek Community Development District Report Dear Ms. Deckert:
The intent of this report is fourfold: I) To inform as to the status of ownership of the infrastructure that was financed or constructed by Walnut Creek Community Development District (the "District" or "CDD"); 2) To describe the state. working order and condition of the infrastructure still owned by the District; 3) To give recommendations as to the funds estimated necessary for the proper maintenance, repair and operation of the District's infrastructure; and 4) To review the insurance carried by the District and amounts set aside for the purpose of paying their premiums. This report aims to comply with the requirements of Article VIII. Section 8.21of the Master Trust Indenture between Walnut Creek Community Development District and First Union National Bank dated November I, 2000 (Bond Series 2000A and 2000B) and with the requirements of Article IX, Section 9.21of the Trust Indenture between the District and Hancock Bank dated January I, 20 IO (Bond Series 20 I 0). The Series 2000 Bonds were refunded in 2008.

General

In November of 2000 the District issued Special Assessment Bonds in the amounts of
$4,575,000 (Series 2000A) and $8,320,000 (Series 2000B) for the purpose of financing a portion of the following District improvements:

I. On-site roadway improvements including: stabilized subgrade and limerock base, roadway drainage, curbs and gutters. The improvements excluded asphalt pavement on the roadway surface.
Off-site roadway improvements in the perimeter streets including: turn lanes, sidewalks, striping, signage, traffic signalization and land acquisition.
Stormwater management facilities including: lakes. open common areas, storm sewers, inlets and manholes for the collection and transmission of the storm water runoff from streets and lots to the onsite lakes.
Water distribution systems including: water mains, fittings, valves and fire hydrants.
Water collection and transmission systems including: collection sewers and manholes.

6941 SW 196th Avenue, Suite 32 ■ Pembroke Pines, Florida 33332 (954) 626-0123 ■Fax (863) 612-0341

In January of 20 IO the District issued $2,650,000 in Special Assessment Bonds (Series 20 I 0) to conduct repairs and install lining in the storm sewer systems of Parcels B (Park North) and G (Park South) of the Development. The repairs were deemed necessary to correct   certain failures exhibited by the   pipes. About September of 20 IO the	Board of Supervisors, with consent of Bond Counsel, decided to allocate $237,000 of Series 20 IO Bond proceeds towards the repair and enhancement of COD owned infrastructure at the entrance of Taft Street, namely the guardhouse, pavilion and three entrance water features. In September of 20 I I the Board, with consent of Bond Counsel, decided to increase the allocated funds to $255,000 for additional enhancements to the water features. In November of 20 I I the	Board increased the allocated funds to $275,000 to included repairs to an  existing 15 inch diameter drainage pipe located adjacent to the west water entrance feature at the Taft Street entrance.

As of the  date of this report, the repairs and lining installation  to  the  storm sewers in Park North and Park South have been completed. The repairs and enhancement to the guardhouse, pavilion  and three entrance water features at the  Taft Street entrance  have  been  completed. The additional enhancements  to  the water features  have  been  completed  and, the  repairs to the 15 inch diameter drainage pipe located by the west entrance  feature at the Taft Street entrance have been completed. There are no  known  or  apparent  needs  related  to  these features at this time other than a revision to the landscaping related to the small guardhouse fountain. The present thought is to replace the fountain with fixed landscaping and not have a fountain there at all.

District Location

The District is located in Section I 0, Township 5 IS, Range 41 E, in the City of Pembroke Pines, Broward County, Florida. It is generally bounded by Sheridan St on the north, Taft St on the South, NW 72 Ave on the East and University Dr. on the west.

Infrastructure Financed or Constructed by the District, Current Ownership, State, Working Order and Condition.

On-site Roadway Improvements:

Right of Way owner: Homeowners Association (HOA).
Road improvements owner: CDD except for the asphalt layers.
Status: complete and in good working order and condition.
Maintenance responsibility: HOA.

Off-site Roadway System: NW 72 Ave.:

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Improvements: Sidewalk along the west side of the CDD and Traffic Signal modification at intersection with Sheridan St.
Right of Way owner: Broward County (BC).
Road improvements owner: BC.
Road Status: complete and in good working order and condition.
Maintenance responsibility: BC.

Off-site  Roadway System: University  D·r-.·: ·-

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lmpro·veme.rits: Westbound Right Turn Lane from Taft St.

Right of Way owner: BC.
Road improvements owner: BC.
Road Status: complete and in good working order and condition.
Maintenance responsibility: BC.

Off-site Roadway System: Sheridan St.:

Improvements: Eastbound Right Turn Lane & West bound Left Turn Lane on the North entrance at NW 76 St, East bound Right Turn Lane at NW 72 St and Sidewalk along the north side of the CDD.
Right of Way owner: BC.
Road improvements owner: BC.
Road Status: complete and in good working order and condition.
Maintenance responsibility: BC.

Off-site Roadway System: Taft St.:

Improvements: Westbound Right Turn Lane and East & Westbound Left Turn Lanes on the south entrance at NW 76 Ave. East bound Right Turn Lane and East & Right bound Turn Lanes at the Municipal Park Facility. Traffic Signal modification at NW 76 Ave
Right of Way owner: BC.
Road improvements owner: BC.
Road Status: complete and in good working order and condition.
Maintenance responsibility: BC.

On-site Roads Drainage c·ollection System:

Improvements: drainage pipes and structures on the roads
Drainage System Owner: WCCDD
Status: complete and in good working order and condition. The repairs and pipe lining operations in parcels B and G, which were financed by the Series 20 IO Bonds, have been completed.
Maintenance responsibility: WCCDD

Stormwater Detention Lakes:

1•	Improvements: Ten Lakes (40.1 acres}.
Improvements owner: WCCDD
Status: complete and in good working order and condition.
Maintenance responsibility: WCCDD.

Water Distribution System:

Improvements: A network of pipes, fire hydrants and services.
Water improvements owner: City of Pembroke Pines (CPP).
Status: complete and conveyed to the CPP. It is in good working order and condition.
Maintenance responsibility: CPP.

Sewer Collection System:

Improvements: A network of pipes, manholes and services and two lift stations.
Sewer improvements owner: CPP.
Status: complete and conveyed to the CPP. It is in good working order and condition.
Maintenance responsibility: CPP.

Common Areas:

Improvements: Open Space/Recreation Area, Lake Parcels, Perimeter Berms, Landscape Buffer and Florida Power and	Light Easement; enhanced with landscape and Irrigation Systems.
Owner: WCCDD.
Status: complete and in good working order and condition.
Maintenance responsibility: WCCDD.

Common Areas (continued)

Taft Street entrance guardhouse, pavilion and entrance water features.
Owner: WCCDD.
Status: Repairs and enhancements to the entrance buildings and water features financed with Series 20 IO Bond proceeds are complete. Further items are being
covered in the annual maintenance of these facilities such as landscape lighting and plants to replace the small guardhouse fountain.
Maintenance responsibility: WCCDD.

I. District s Operation, Repair and Maintenance Budget

The District has budgeted $128,237 and $1,004,900 for Administrative and Maintenance expenditures respectively, for the Fiscal Year 2014-2015. The Administrative budget is a four percent plus increase and the Maintenance budget is slightly more than a one percent increase from the previous budget year with an overall increase of about 1.5 percent. Johnson Engineering, Inc. finds it sufficient for the proper maintenance of the infrastructure improvements for which the District is responsible based on these amounts of money and historical expenditures without a catastrophic event.

2. District's Public Liability and Property Damage Insurance

The District  Administrative  Expenditures  budget  for  the  Fiscal  Year  2014-2015  includes
$12,500 for insurance. The District holds property, inland marine, general liability, employment practices liability and public officials liability coverage under an insurance policy administered by Florida Insurance Alliance. The agreement number of the policy is I 00 I 13507. The agreement period is from October I, 2013 to October I, 2014.   The annual premium is $11,477.   A copy of the insurance policy is available at the District Manager's office.

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This report has been prepared by Johnson Engineering, Inc. based on its observations and in part utilizing and relying on information prepared and provided by others.

Andrew D. Tilton, P.E. Florida License No. 332S8 Johnson Engineering, Inc. 6941 SW 196th Avenue Suite 32
Pembroke Pines, Florida 33332 Phone (954) 626-0123
Fax: (863) 612-0341
EB #642

luly 17,2014
Date