Instr #2016037807 BK: 4207 PG: 1749, Filed & Recorded: 6/16/201610:56 AM #Pgs:11
Hunter S. Conrad,Clcrk of the Circuit Court St. Johns County FL Recording $95.00

This space reserved for use by the Clerk of
the Circuit Court

This Instrument Prepared by and return to:

Turnbull Creek Community Development District c/o Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301

SECOND AMENDED & RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT

THIS SECOND AMENDED & RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE TURNBULL CREEK COMlvfUNIIY DEVELOPMENT DISTRICT AMENDS THE AMENDED & RESTATED DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERIY UNDERTAKEN BY THE TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT RECORDED IN ST. JOHNS COUNTY OFFICIAL RECORDS BOOK 4031, PAGE 431.

Board of Supervisors1
Turnbull Creek Community Development District

Aage G. Schroder Chairperson

Kathleen Venezia Vice Chairperson

Joseph Quinto Assistant Secretary

Chuck Labanowski Assistant Secretary

Brian J. Wing Assistant Secretary

Governmental Management Services, LLC District Manager
475 West Town Place, Suite 114 St. Augustine, Florida 32092 (904) 940-5850 X 402
(904) 940-5899 Fax

District records are on file at the above address, and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of June 1, 2016. For a  current  list of Board Members, please contact the District Manager.

BK: 4207 PG: 1750	7
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TABLE OF CONTENTS
Introduction	2
What is the District and  how is it governed?	2
What infrastructure improvements does the District provide
and how are  the  improvements paid for?	3
Roadways (Onsite and Offsite) 	4.
Master Stormwater System	5
Water and Sewer	5
Recreation	5
Entry Features .........................................................................................................................5..
Assessments, Fees, and Cha rges	5
Method of Collection	7
Description of District Boundaries	EXHIBIT A

TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT

Introduction

On behalf of the Board of Supervisors of the Turnbull Creek Community Development District (the "District"), the following information is provided to give you a description of the District's services and the assessments that have been levied within the District to pay for certain community infrastructure, and the manner in which the District is operated. The District is a unit  of special-purpose local government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, the planning, financing, acquisition, construction, reconstruction, equipping and installation of onsite and offsite roadways, water and sewer improvements, stormwater management facilities, recreation facilities, landscaping improvements and entry features.

The District is here to serve the needs of the community and we encourage your participation in District activities. Pursuant to Section 190.009, Florida Statutes, a copy of this document will be available for public inspection in the Official Records of St. Johns County, Florida.

Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents. The following  information  describing  the District and the assessments, fees and charges that have been levied within the District to pay for certain community infrastructure is provided to fulfill this statutory requirement.

What is the District and how is it governed?

The District is an independent special taxing district,· created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by Ordinance No. 2004-47 adopted by the Board of County Commissioners of St. Johns County, Florida, and effective on June 28, 2004. At the time of establishment, the District consisted of approximately 389 acres of land (the "Original Parcels"). The District was expanded by approximately 109.79 acres (the "Expansion Parcels") pursuant to Ordinance 2006-77 of the Board of County Commissioners  of St. Johns County, effective on July 5, 2006. As a result of the expansion, the District currently encompasses approximately 499 acres of land located entirely within the unincorporated boundaries of St. Johns County, Florida. The legal description of the District's boundaries is attached as Exhibit A. As a local unit of special-purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.

The District is governed by a five-member Board of Supervisors, the members of which must be qualified electors. A "qualified elector" in this instance is any person at least 18 years of

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age who is a citizen of the United States, a legal resident of the State and of the District, and who is also registered with the Supervisor of Elections to vote in St. Johns County.

Board meetings are noticed in the local newspaper and are conducted in a public forum in which public participation is permitted. Consistent with Florida's  public  records  laws,  the records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly  bound  by the State's open meetings  law and are subject to  the same disclosure requirements as other elected officials under the State's ethics laws.

What infrastructure improvements does the District provide and how are the improvements paid for?

The District is comprised of approximately four hundred ninety-nine (499) acres within unincorporated St. Johns County. The public infrastructure necessary to support the District's development program includes master infrastructure improvements including, but not limited to: onsite and offsite roadways, water and sewer improvements, stormwater management, recreation facilities, landscaping improvements and entry features. ' Each of these infrastructure improvements is more fully detailed below.

These public infrastructure improvements were funded in part by the District's sale of bonds. On October 4, 2004, the Circuit Court of the Seventh Judicial Circuit in and for St. Johns County, Florida (the "Circuit Court"),  entered  a Final Judgment  validating  the District's ability to issue an aggregate principal amount not to exceed $17,500,000  in Special Assessment Bonds for infrastructure needs of the District. On March 23, 2005, the District issued its first series of bonds for purposes of financing the construction and acquisition costs of infrastructure improvements. On that date, the District issued Turnbull  Creek  Community  Development District (St. Johns County, Florida) Special Assessment Bonds, Series 2005, in the amount of
$15,515,000 (the "Series 2005 Bonds"). Proceeds of the Series 2005 Bonds were used to finance approximately $13,365,410 of the cost to plan, finance, acquire, construct, reconstruct, equip and/or install master infrastructure improvements within the Original Parcels. The Series 2005 Bonds have been refunded, as detailed below.

On September 7, 2006, the Circuit Court entered a Final  Judgment  validating  the District's ability to issue up to an additional $10,000,000 in Special Assessment Bonds. On October 13, 2006, the District issued its second series of bonds, the Turnbull Creek Community Development District (St. Johns County, Florida) Special Assessment Bonds, Series 2006, in the amount of $4,850,000 (the "Series 2006 Bonds").  Proceeds  of the Series  2006 Bonds were used to fund approximately $4,035,950 of master infrastructure within the Expansion Parcels. The Series 2006 Bonds have been refunded, as detailed below.

In order to achieve annual debt service savings, the District's Board of Supervisors determined it was in the best interest of the District, its residents and landowners, to refinance the outstanding Series 2005 Bonds via the issuance of refunding bonds. In order to effect such refunding, the District Board adopted Resolution 2015-09 on February 24, 2015, authorizing the issuance of refunding bonds. The District then issued its Senior Special Assessment Refunding Bonds, Series 2015A-1, in the amount of $10,650,000 and its Subordinate Special Assessment

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Refunding Bonds, Series 2015A-2 in the amount of $2,725,000, both scheduled  to mature  on May 1, 2035 (together, the "Series 2015 Refunding Bonds"). The Series 2015 Refunding Bonds and the interest due thereon, are payable solely from and secured by the levy of non-ad valorem special assessments against the Original Parcels within the District which benefit from the construction, acquisition, establishment, and operation of the District's improvements.

On January 8, 2015, the Circuit Court entered a Final Judgment validating the District's ability to issue up to an additional $2,000,000 in Special Assessment Bonds (Phase  1 -  Pond Bank Reconstruction Project). On March 12, 2015, the District issued its Turnbull Creek Community Development District (St. Johns County, Florida) Senior Special Assessment Bonds, Series 2015B-l (Phase 1 -Pond Bank Reconstruction Project), in the amount of $1,020,000, and Subordinate Special Assessment Bonds, Series 2015B-2 (Phase 1 - Pond Bank Reconstruction Project), in the amount of $260,000 (together, the "Series  2015  Reconstruction  Bonds"). Proceeds of the Series 2015 Reconstruction Bonds were used to fund Phase 1 of the Pond Bank Reconstruction Project within the District.

In order to further achieve annual debt service savings, the  District's  Board  of  Supervisors determined it was in the best interest of the District, its residents and landowners, to refinance the outstanding Series 2006 Bonds via the issuance of refunding bonds. In  order  to effect such refunding, the District Board adopted Resolution 2016-07 on March 28, 2016, authorizing the issuance of refunding bonds. The District then issued its Special Assessment Refunding Bonds, Series 2016, in the amount of $4,196,000, scheduled  to mature on  May 1,  2037 (the "Series 2016 Refunding Bonds"; the Series 2005 Bonds, Series 2006 Bonds,  Series 2015 Refunding Bonds, the Series 2015 Reconstruction Bonds, and the Series 2016 Refunding Bonds, collectively, will be further addressed as the "Bonds"). The Series 2016 Refunding Bonds and the interest due thereon, are payable solely from and secured by the levy of non-ad valorem special assessments against the Expansion Parcels within the District which benefit from the construction, acquisition, establishment, and operation of the District's improvements.

To plan the infrastructure improvements necessary for the District, the  District  adopted  an Improvement Plan dated August 11, 2004 (the "Master Improvement Plan"), which details the improvements contemplated for completion by the District. The First Supplement to the Improvement Plan, dated January 28, 2005  (the "2005  Supplemental  Engineer's Report"),  and the Second Supplement to the District's Improvement Plan  Incorporating  Murabella  Parcels  13 & 16 (Phase III) Capital Improvements, dated September 27, 2006 (the "2006 Supplemental Engineer's Report") detail the improvements contemplated for the Original Parcels and the Expansion Parcels, respectively. To plan the infrastructure improvements  necessary  for Phase 1 of the Pond Bank Reconstruction Project, the District adopted the Engineer's Report  for Pond Bank Repairs - Phase 1, dated November 1, 2014, as revised January 20, 2015 (the "2015 Engineer's Report," together with the Master Improvement Plan, 2005 Supplemental Engineer's Report and 2006 Supplemental Engineer's Report, the "Improvement Plan"). Copies of the Improvement Plan are available for review in the District's public records.

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Roadways (Onsite and Offsite)

In accordance with the Improvement Plan, the District designed, permitted, constructed and/or acquired certain roadway improvements (Pacetti Road Connection, State Road 16 Connection, Loop Road Entrance Boulevards and other entrance roads). Construction and/or acquisition of the roadway improvements included, but were not limited to, the underlying right­ of-way, paving, drainage, water and sewer, landscaping improvements, and stormwater infrastructure within the right-of-way.

The roadway improvements set forth in this section have been completed. The roadway improvements have been transferred to St. Johns County for ownership, operation and maintenance. However, the landscaping continues to be maintained by the District.

Master Stormwater System

In addition to the stormwater infrastructure discussed above, the District has constructed, installed and/or acquired the stormwater management system consisting of stormwater treatment ponds necessary to treat stormwater within the District, outfall control structures and equalizer pipes. The stormwater manageme nt system outside of the right-of-way  has been completed, and is owned, operated and maintained by the District.

Water and Sewer

The District planned, constructed, installed and/or acquired potable water mains, sanitary sewer lift stations, force mains and appurtenances thereto . Lift stations are located on Verona Way, Cascadia Court and Ragusa Lane, with a 16-inch force main along Pacetti Road.

These improvements have been completed and dedicated to the St. Johns County Utility Department for purposes of ownership, operation and maintenance.

Recreation

The District permitted and constructed two (2) types of recreation  improvements.  The first type of recreation improvement is an amenity center consisting of a  clubhouse,  fitness center, pool area, playground equipment, barbecue grills, tennis courts, basketball courts, a multi-purpose sports field and associated landscaping and parking.

The second type of improvement consists of recreation areas. Each recreation  area includes playground equipment, barbecue grills, lighting and/or associated parking and landscaping.

Entry Features

The District permitted, constructed and maintains distinctive entry monuments and landscaping at the entrances to the District.

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Further information regarding any of the ex1stmg or planned improvements can be obtained from the Improvement Plan on file in the District's public records.

Assessments, Fees, and Charges

The master infrastructure improvements identified in the District's  Improvement  Plan have been financed by the District through the sale of its Bonds. The amortization schedules for the Bonds are available in the District's public records. Schedules of the annual assessments on benefiting property levied to defray the debt service obligations of the District are  provided below. Copies of the District's Assessment Methodology Reports for the Bonds are available for review in the District's public records.

The Series 2015 Refunding Bonds and the associated interest are payable from  and secured by non-ad valorem special assessments levied against the Original Parcels within the District that benefit from the design, construction and/or acquisition of  the improvements  set forth in the 2005 Supplemental Engineer's Report (the "Series 2015 Refunding Debt  Assessments"). The Series 2016 Refunding Bonds and the associated interest are payable  from and secured by non-ad valorem special assessments levied against those lands within the Expansion Parcels that benefit from the design, construction and/or acquisition of the improvements set forth in the 2006 Supplemental Engineer's Report (the "Series 2016 Refunding Debt Assessments"). The Series 2015 Reconstruction Bonds and the associated interest  are payable from and secured by non-ad valorem special assessments levied against those  lands within the District that benefit from the design, construction and/or acquisition of the improvements set forth in the 2015 Engineer's Report (the "Series 2015 Reconstruction Debt Assessments" and, together with the Series 2015 Refunding Debt Assessments and Series 2016 Refunding Debt, the "Debt Assessments"). The Debt Assessments are levied in accordance with the District's assessment methodologies and represent an allocation of the costs of the applicable portion of the Improvement Plan to those lands within the District benefiting from the applicable portion of the Improvement Plan.

The Debt Assessments described above exclude any operations and maintenance assessments which may be determined and calculated annually by the District's Board of Supervisors against all benefited lands in the District. A detailed description of all costs and allocations which result in the formulation of assessments, fees and charges  is available  for public inspection upon request.

[CONTINUED ON NEXT PAGE]

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The allocation of assessments securing the Bonds is provided below:

Series 2015 Refundin!! Bonds (Allocation aonlies to Orif!inal Parcels only)
Land Use	No. of Lots	Total Debt per Unit	Annual Debt Assessment per Unit (1)	Maximum Annual Debt Assessment per Unit (2)	
Single Family - Platted Lots Net Of Payoffs	725	$18,436.36	$1,364.59	$1,451.69	
Single Family - Platted Lots Net OfPaydown	0.47	$8,683.51	$641.55	$682.48	
(1)	Annual Debt Assessment Per Unit is prior to gross-up of 6% for early payment discounts and collection costs imposed by the St. Johns County Tax Collector (collectively, "Discounts and Collections").
(2)	Maximum Annual Debt Assessment Per Unit includes gross-up of 6% for Discounts and Collections.

Series 2015 Reconstruction Bonds (Allocation applies to Entire District)
Land Use	No. of Units	Total Debt Per Unit	Annual Debt Assessment per Unit (1)	Maximum Annual Debt Assessment per Unit (2)	
Single Family Residential	959
..	$1,334.72	$82.80	$88.08	
(1)	Annual Debt Assessment Per Umt 1s pnor to gross-up of 6% for Discounts and Collect10ns.
(2)	Maximum Annual Debt Assessment Per Unit includes gross-up of 6% for Discounts and Collections.

Series 2016 Refundin!! Bonds (Allocation applies to Expansion Parcels only)
Land Use	No. of Units	Total Debt Per Unit	AunualDebt Assessment per Unit	Maximum Annual Debt Assessment per Unit (1)	
Single Family - Platted Lots (2)	213	$19,565.17	$1,342.21	$1.427.85	
Single Family-Paydown Lots (3)					
#28686-0260	0.488	$9,539.00	$654.41	$696.04	
#28686-0520	0.500	$9,783.86	$671.19	$713.88	
#28687-0850	0.475	$9,294.68	$637.63	$678.19	
(1)	Maximum Annual Debt Assessment Per Unit includes gross-up of 6% for Discounts and Collections.
(2)	Lots with no paydowns or payoff.
(3)	Equivalent value ofpaydown lot to a non-paydown lot.

Method of Collection

The District's Debt Assessments and maintenance assessments may appear  on  that portion of the annual real estate tax bill entitled "non-ad valorem assessments," and will be collected by the county tax collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem  taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed  time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

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This description of the District's operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the  development  of  new communities. If you have questions or would simply like additional information about  the District, please write to: District Manager, Turnbull Creek  Community  Development  District, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District's public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the  information  contained  herein may be subject to change over time in the due course of the District' s  activities  and  in accordance with Florida law. Prospective and current residents and other members of the public should seek confirmation and/or additional information from the District Manager's office with regard to any questions or points of interest raised by the information presented herein.

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IN WITNESS WHEREOF, this Second Amended & Restated Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the   11th  day of      June	, 2016, and recorded in the Official Records of St. Johns County, Florida.

TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT

Print Name	Print Name

STATE OF FLORIDA COUNTY OF	$T .J<>tl Nf 
The    foregoing    instrwnent    was   acknowledged	before   me   this	/"f1lt	day   of
Jv €	, 2016, by	AA<,,€ SCfi/to t'll	, Chairperson of the Turnbull
Creek Community Development District, who is(personally know to me or who has produced

 	 as identification, and did [ ] or did not [ ] take the  oath.

PrintName: 1Jav1cf 8 e/J q,
Notary Public, State of Florida Commission No.: PF// 0 /Of)
My Commission Expires: JIJuf. I",l(J18

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EXHIBIT A

Alf of Mvro!'Jello Unit One, as rer:ofd d in 1,fop Book 52,  Poges  16  throvgh  JJ.2,  inc:lusiv .  togf!ltner wi!n au of Murcbelfa UnH Two, os r<tcord d in Mqp _Sook 52, Pages 56 through 59, ineJusive, of  the  Pvt:,lic Recorcis of  St  .k>hns  County.  Florida,  to9elher  with  a  portion  of  Sub-section:;  7  and  10, wilhir1 Section 38 of the Antonio Hvedos Grant. 1;1nd c P'1dicn of the .Pacetti Donation, Sei;tiO'n J7,
o/J l;,{ng within To.,,,nshlp 6 Sout/'I, Range 28 tost,  so,'d  County.  ond  ell  being  more  porticulorry described as follows: BEGINNING ot the Southwest corner  of  Trocl  "A"  as  shown  on  said  plat  of Murabl!IIO Unft Onf!; !hence North 19'.30'15• fosf, along the Wnterly Jlnc, of said Traci "A", and
along !he Easterly right of l'IOY line of  Cot.1nty  Rood  No.  l.3-A  and/or  Pacetti  Rood.  as  shown  on said plat, o  dlstan  cf 1202.SS  feet  to  a  point  of  cusp  or  a  cvrve  concave  easterry  cm:t  having  a rad;us of 50.0D feet;  thence  SOIJ!herly  around  and  clang  thtt.  ar;c  of  said  curve  and  clang  the Northerly right  ot  way  line  of  West  Positano  Avenue (as  snow11 on  sdld  plot  of  lilvratu,110  Unit  One-), 78 ..36 feet, said i:rrc oeing sutJtande<t by a chord bearing and; disci:mce of Swtn 2S"2J'J1· tc11l,
70.58 feet t,;r the  paint.  of  tangency  of  said  curve;  thence  SaulJr  70°17'17"  £0:st,  cQntinutng  olQ!'.19 sold Northerly right r;,f way /in.,, 344,30  f••t  to the  paJ,it  of  cur,,oture  of  o  curve  ccr,c:ove Southillesferly and  having  a  rodfus  of  8:>0.00  feet;  lhenc;e  Southeasterly  around  and  along  the  ore of scid curve end cMt,'nving along said Northerly right of M-OY line, '412,68 feet,  said  arc  being sub!enditd t>y .a chord bearing and distance of South 56"22'.fS" East,  408,6,#  feet:.  lflM= deparllng from $Old Northerly r ht of  way  line  run  thence. North  20·44•25•  £a,t,  along  the  Westerly  line  of Tract "C and along the West .,r /y line of Tract ·F•, soid plot -of Murobella Unit One, c distance- of
44.rf,56  fut	to !he Nor tnwest r:r /y c orn er of said Tract ·r: thence South 81'70'+•r £ost, clong !l'le
Northerly line of so;d Troct Hr •. 1267..l7 feet; thence North O8'.rf.9'10• E:ost, departing from $Cid
Northerry line of Tt"oct °F•, r;,  dis lQnr;e  ol  7.J6..0I  feel;  thence  South  8110'44'"  E:ost, ·50,00  f11et; th,,ncl!! North  08'4!7'16"  £,;,sl.,  599.0  5  fl:et  to  ihe  So;;;the lt  right  of  ;,oy  line  af  Stole  Rood  No.  16 (a  200  foot  rl9t,t  of  wo;r os   now  es tablished);   thence  South  Sl'10'H"  [osf,  along  said  Southerly right of woy tine. 2004,85 fttt; thenc;I!' So ut h 04-'31'22" E'ost, 2709.28 fee-t to lh• point Qf
curvoturf/1 of a cvrve eoncove E"as-terly and having a rcdiu$ of 2750,00 ft!&I; thence Southerly around
end along the arc  of  said  curve,  592.J8  feet,  sold  are  being subtenc4'd  by  a  chord  bearing  and distancit of South 10•1,1•:sa• East, 591,24 teet to the f:a!!lterly tlnl!/ of said Sub,..seetion 10; ttreoce
South 18'J5'15• West. olong said lost mentionecd fine, 2.!21.49 feet to the Sovtheost corner of .said Sub-section ro: thence. North 71·41·or West,  along  the  Southerly  liM  of  said  St1b-sectfo,,  to.  c distonc-, of 1081.37 fffl to its mters1tetian wltl1 the Eosterty line of sofd Section .J7; thence Sovtn
00"59'.J4• E:c:st. ctong :i<nd /cs( mentioned lioe. 10.56 feet;  thence  North  1:z-21•53•  West,  along  !tie Southerly  boundary  of  sold  plot  of  >.lurobetlo  Unit   Two,  end  'Qlong  sqid  S?Ufh  fine  of  Svb-sectlon  10, c  distcmce  of  418J, 76   fei,t   to   the  pres,mt   £osler1y  right   of   way  fine   of   County  R=d   No.   13-A and/or Pocatti Rood, being 125  feet  in  width  ot  this  point:  ll'lence  North  1g·.30·15•  £ost.  otong  said present  toslerly  ri9hf   of   y,oy   line.   2050.00   feet   to   the   Southerly   tine   of   aid   Tract   "A..;   thttnce North 72"21'5fr West, olcng said lost mentioned tine, 25.01 feet to tile POINT OF 8£GINNING.
!'-"cepting any portion thereof lyfng ,,,;ttiin said 125 foot toad right of >I'd)' of Couitty Roo4 IJ-A
r;,nd/or PocC"ttt oo,:t,
Containing 49$,79 acres. more or less.

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