SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

SARASOTA COUNTY Regular Board Meeting & Public Hearing’s April 20, 2026
11:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.reaganlandingcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA SHORES AT STILLWATER
COMMUNITY DEVELOPMENT DISTRICT
501 N. Cattlemen Road, Suite 106
Sarasota, Florida 34232
REGULAR BOARD MEETING & PUBLIC HEARING’S
April 20, 2026
11:00 A.M.
Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 16, 2026 Regular Board Meeting…	Page 2
Public Hearing – Rules of Procedure
Proof of Publication…	Page 4
Receive Public Comments on Adopting Rules of Procedure
Consider Resolution No. 2026-29 – Adopting Rules of Procedure…	Page 6
Public Hearing – Authorizing Uniform Method of Collection
Proof of Publication…	Page 81
Receive Public Comment on the Use of the Uniform Method of Collection
Consider Resolution No. 2026-30 – Adopting the Uniform Method of Collection…	Page 82
Public Hearing – Levy of Non-Ad Valorem Assessments
Proof of Publication…	Page 85
Receive Public Comment Regarding the Intent to Levy Special Assessments
Consider Approval of the Project and Levying of Non-Ad Valorem Special Assessments Based on Comments from the Public
Consider Adjusting and Equalizing of Non-Ad Valorem Special Assessments Based on Comments from the Public
Consider Resolution No. 2026-31 – Authorizes the Project, the Intent to Levy Non-Ad Valorem Assessments; Intent to Utilize Chapter 197, F.S. for the Levy, Collection and the Enforcement of Non-Ad Valorem Assessments; and the Adoption of a Final
Assessment Roll, Pursuant to Chapters 170 and 190, F.S.	Page 86
Old Business
New Business
Consider Selection of a District Engineer…	Page 96
Presentation of Engineer’s Report…	Page 119
Presentation of Master Assessment Methodology Report	Page 131
Consider Resolution No. 2026-32 – Delegated Award Resolution…	Page 147
Consider Approval of Notice of Assessment…	Page 212
Administrative Matters
Board Member Comments
Adjourn

NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, BY THE
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, BY THE
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF REGULAR MEETING OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Stillwater Community Development District Master Report of District Engineer, dated February 2026 as the current District improvement, attached hereto as Exhibit A and incorporated herein by reference; and
Whereas, it is in the best interest of the District to pay the cost of the Improvements by special assessments pursuant to Chapter 190, Florida Statutes (the “Assessments”); and
Whereas, the District is empowered by Chapter 190, Community Development Districts, Chapter 170, Supplemental and Alternative Method of Making Local Municipal Improvements, and Chapter 197, Tax Collections, Sales and Liens, Florida Statutes, to finance, fund, plan, establish,

The Board of Supervisors (“Board”) of the Shores at Stillwater Community Development District acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the Improvements (“District”) will hold public hearings on April 20, 2026, at 11:00 a.m., at 501 N. Cattlemen Road, and to impose, levy and collect the Assessments; and
Suite 106 Sarasota, Florida 34232, to consider the adoption of an assessment roll, the imposition	Whereas, the District hereby determines that benefits will accrue to the property improved, the
of special assessments to secure proposed bonds on benefited lands within the District, a depiction amount of those benefits, and that special assessments will be made in proportion to the benefits of which lands is shown below, and to provide for the levy, collection and enforcement of the special received as set forth in the Master Special Assessment Methodology Report, dated February 17,
assessments.	2026, attached hereto as Exhibit B and incorporated herein by reference and on file at the office of
The District is located entirely within Sarasota County, Florida. The lands to be improved are generally the District Manager, c/o Michelle Krizen, Special District Services, Inc., 2501A Burns Road, Palm located north of Seahorse Lane, east of Pine Street, west of Winchester Boulevard, and south of Beach Gardens, Florida 33410 (the “District Records Office”); and
Morningside Drive and are geographically depicted below and in the Shores at Stillwater Community	Whereas, the District hereby determines that the Assessments to be levied will not exceed the
Development District Master Report of District Engineer, dated February 2026 (“Engineer’s Report”). benefit to the property improved.

The public hearing is being conducted pursuant to Chapters 170, 190 and 197, Florida Statutes. A description of the property to be assessed and the amount to be assessed to each piece or parcel of property may be ascertained at the office of the District Manager c/o Special District Services, Inc., 2501A Burns Road, Palm Beach Gardens, Florida 33410, or by phone at (561) 630-4922 (“District Manager’s Office”).
The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The infrastructure improvements are currently expected

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT:
section 1.	Recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.
section 2.	Assessments shall be levied to defray a portion of the cost of the Improvements.
section 3.	The nature and general location of, and plans and specifications for, the

to include, but are not limited to: roadways; sanitary sewer system; water distribution system; Improvements are described in Exhibit A, which is on file at the District Records Office. Exhibit B is irrigation/reclaimed water system; stormwater management system; landscaping, hardscape and also on file and available for public inspection at the same location.

Cost”).

irrigation; recreational facilities; and other infrastructure benefitting the Lands within the District (“Improvements”), all as more specifically described in the Engineer’s Report on file and available during normal business hours at the District Manager’s Office. According to the Engineer’s Report,

section 4.	The total estimated cost of the Improvements is $11,060,349.55 (the “Estimated

the estimated cost of the current District Improvements is $11,060,350.	section 5.	The Assessments will defray approximately $14,000,000, which includes a portion
The District intends to impose assessments on benefited lands within its current boundary of the of the Estimated Cost, plus financing-related costs, capitalized interest, a debt service reserve, and District in the manner set forth in the District’s Master Special Assessment Methodology Report, contingency.

dated February 17, 2026 (“Assessment Report”), which is on file and available during normal business hours at the District Manager’s Office.
The purpose of any such assessment is to secure the bonds issued to fund the Improvements.

section 6.	The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B, including provisions for supplemental assessment resolutions.
section 7.	The Assessments shall be levied, within the District, on all lots and lands adjoining

As described in more detail in the Assessment Report, the District’s assessments will be levied and contiguous or bounding and abutting upon the Improvements or specially benefitted thereby against respective benefitted lands within the District. The Assessment Report identifies maximum and further designated by the assessment plat hereinafter provided for.

assessment amounts for each assessment area and land use category that is currently expected to

section 8.	There is on file, at the District Records Office, an assessment plat showing the

be assessed. The lien for assessments is proposed to be allocated on an equal assessment per acre area to be assessed, with certain plans and specifications describing the Improvements and the
basis and will be levied on an equivalent residential unit (“ERU”) basis at the time that such property estimated cost of the Improvements, all of which shall be open to inspection by the public.

is platted or subject to a site plan or sold.

section 9.	Commencing with the year in which the Assessments are levied and confirmed,

The annual principal assessment levied against each parcel will be based on repayment over thirty the Assessments shall be paid in not more than thirty (30) annual installments. The Assessments
(30) years of the total debt allocated to each parcel. The District expects to assess and collect may be payable at the same time and in the same manner as are ad valorem taxes and collected sufficient revenues to retire no more than $14,000,000 in debt associated with financing a portion of pursuant to Chapter 197, Florida Statutes; provided, however, that in the event the uniform non-ad the Improvements secured by assessments levied, as outlined in the Assessment Report, inclusive of valorem assessment method of collecting the Assessments is not available to the District in any
fees and costs of collection or enforcement, discounts for early payment and interest. The proposed year, or if determined by the District to be in its best interest, the Assessments may be collected as

Product	Number of Units
by Type	ERU Factor	Total ERUs	Bond Debt Allocation Per Unit Type*	Bond Debt Allocation Per Unit*	
34'	136	0.72	97.92	$	6,319,749	$	46,469	
52'	119	1.00	119.00	$	7,680,251	$	64,540	
TOTAL	255	N/A	216.92	$	14,000,000	N/A	
*Rounded						

annual schedule of assessments is as follows:

is otherwise permitted by law.
section 10. The District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit B hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which assessment roll is hereby adopted and approved as the District's preliminary assessment roll.
section 11. The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the assessments or the making of the Improvements, the cost thereof, the manner of payment therefore, or the amount thereof to be assessed against each property as improved.
section 12. The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) consecutive weeks) in a newspaper of general circulation within Sarasota County, provided that the first publication shall be at least twenty (20) days before and the last publication shall be at least one (1) week prior to the date of the hearing, and to provide such other notice as may be required by law or desired in the best interests of the District.
section 13.  This Resolution shall become effective upon its passage.
Passed and adoPted this 17th day of February, 2026.
ATTEST:	SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Product	Number of Units by Type	
ERU Factor*	Total ERUs*	**Maximum Annual Debt Assessment Per Unit Type*	**Maximum Annual Debt Assessment Per Unit *	
34'	136	0.72	97.92	$	569,256.21	$	4,185.71	
52'	119	1.00	119.00	$	691,804.43	$	5,813.48	
TOTAL	255	N/A	216.92	$	1,261,060.64	N/A	
*Rounded						
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes. Actual amounts may be adjusted to reflect actual County collection costs.	

The assessments may be prepaid in whole at any time, or in some instances in part, or may be /X/		/X/	
paid in not more than thirty (30) annual installments subsequent to the issuance of debt to finance Secretary / Assistant Secretary	Chairperson, Board of Supervisors
the improvements. These annual assessments will be collected on the Sarasota County tax roll Exhibit A:	Shores at Stillwater Community Development District Master Report of District
by the Tax Collector. Alternatively, the District may choose to directly collect and enforce these	Engineer, dated February 2026
assessments. All affected property owners have the right to appear at the public hearings and the Exhibit B:  Master Special Assessment Methodology Report, dated February 17, 2026 right to file written objections with the District within twenty (20) days of the publication of this notice.
Also, on April 20, 2026 at 11:00 a.m., at 501 N. Cattlemen Road, Suite 106 Sarasota, Florida 34232, the Board will hold a regular public meeting to consider any other business that may lawfully be considered by the District. The Board meeting and hearings are open to the public and will be conducted in accordance with the provisions of Florida law. The Board meeting and/or the public hearings may be continued in progress to a certain date and time announced at such meeting and/ or hearings.
If anyone chooses to appeal any decision of the Board with respect to any matter considered at the meeting or hearings, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.
Any person requiring special accommodations at the meeting or hearings because of a disability or physical impairment should contact the District Manager’s Office at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District office.
RESOLUTION 2026-26
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE INITIAL DISTRICT AREA PHASE I INFRASTRUCTURE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE PAID; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.
Whereas, the Board of Supervisors (the “Board”) of the Shores at Stillwater Community SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

www.shoresatstillwatercdd.org

Development District (the “District”) hereby determines to undertake, install, plan, establish, construct
or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastrucPtuarege 1
improvements for the current District (the “Improvements”) described in the District’s Shores at PUBLISH: SARASOTA HERALD TRIBUNE 03/31/26 & 04/07/26
FO-43745882

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 16, 2026

CALL TO ORDER
The March 16, 2026, Regular Board Meeting of the Shores at Stillwater Community Development District (the “District”) to order at 1l:00 a.m. at 501 N. Cattlemen Road, Suite 106, Sarasota, Florida 34232.

PROOF OF PUBLICATION
Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the Sarasota Herald Tribune on March 6, 2026, as legally required.
ESTABLISH QUORUM
A quorum was established with the following Supervisors in attendance:

Chairman	Alexander Burseth	Present	
Vice Chairman	Christopher Pereira	Present	
Supervisor	Lindsay Clark	Present	
Supervisor	Patrick Holmes	Present	
Supervisor	Steve Platke	Present	

Staff present included the following:

District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Alyssa Willson via phone	Kutak Rock	
Supervisor	Stickland Smith via phone	Heidt Design, LLC	

Also present was Scott Brooks via phone.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public.

APPROVAL OF MINUTES
February 17, 2026, Organizational Meeting

A motion was made by Mr. Burseth, seconded by Mr. Platke and passed unanimously approving the minutes of the February 17, 2026, Organizational Meeting, as presented.
OLD BUSINESS

There were no Old Business items to come before the Board at this time.

NEW BUSINESS
Consider Resolution No. 2026-28 – Adopting a Fiscal Year 2026/2027 Proposed Budget and Setting a Public Hearing Date

Resolution No. 2026-28 was presented, entitled:

RESOLUTION 2026-28

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2026/2027; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

It was explained the District cannot get on the tax roll for this 2026-27 budget cycle. By getting the final budget approved in May, Special District Services, Inc. will be able to collect the O&M at closings of any house sales after that time. The proposed budget has an assessment of $276 per house for O&M which is consistent with the fee sheet provided to the community. There is a developer contribution which will be billed on an as needed basis. At the April meeting, we will discuss agreements with the HOA and adjust the budget prior to the final budget, if needed.

A motion was made by Mr. Burseth, seconded by Mr. Platke and passed unanimously adopting Resolution No. 2026-28, as presented, setting the Public Hearing date for May 18, 2026, at 11:00 a.m.
ADMINISTRATIVE MATTERS

The Board was advised that the next meeting would be held on April 20, 2026, and the validation hearing is set for April 13, 2026.

Q.	BOARD MEMBER COMMENTS
There were no further comments from the Board Members.

K.	ADJOURNMENT

There being no further business to come before the Board, the March 16, 2026, Regular Board Meeting was adjourned at 11:05 a.m. on a motion made by Mr. Burseth, seconded by Mr. Platke and passed unanimously.

Chairperson	Secretary

USA TODAY CO.
•LocaliQ

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OE	PUBLICATION
Laura Archer
Shores At Stillwater Community Development District 2501 Bums RD# A
Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator ofthe Herald-Tribune, published in Sarasota County, Florida; with circulation in Sarasota, Manatee and Charlotte Counties; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Sarasota, Manatee and Charlotte Counties, Florida, or in a newspaper by print in the issues of, on:

SAR Herald-Tribune	03/16/2026 SAR heraldtribune.com 03/16/2026

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

--

Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 03/16/2026
ZS-	'.l

Legal Clerk

NOTICE OF RULE DEVELOPMENT BY THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
In accord with Chapters 120 and 190, Florida Statutes, the Shores at Stillwater Community Development District (the "District") hereby gives notice of its intention to develop Rules of Procedure to govern the operations of the District. The proposed rule number is 2026-1.
The Rules of Procedure will address such areas as the Board of Supervi-sors, officers and voting. district offices, public information and inspection of records, policies, public meetings, hearings and workshops, rulemaking proceed-ings and competitive purchase including procP.dure under the Consultants Competitive Negotia-tion Act, procedure regarding audi-tor selection, purchase of insur-ance, pre-qualification, construc-tion contracts, goods, supplies and materials, maintenance services, contractual services and protests with respect to proceedings, as well as any other area of the general operation of the District.
Thepurpose and effect of the Rules
of Procedure is to provide for effi-cient and effective District opera-tions and to ensure compliance with recent changes to Florida law. The specific grant of rulemaking authority for the adoption of the proposed Rules of Procedure includes  Sections  190.011(5),
190.011(15) and 190.035, Florida Statutes. The specific laws imple-mented in the proposed Rules of Procedure include, but are not limited to, Sections 112.08, 112.3143,  112.31446,  112.3145,
119.07, 119.0701, 120.54, 120.542,
120.5435, 120.56, 120.69, 120.81,
189.053,	189.069,	190.006,
190.007,	190.008,	190.011,
190.033, 190.035, 218.33, 218.391,
255.05,	255.0518,	255.0525,
255.20,	286.0105,	286.011,
286.012,	2B6.0113,	286.0114,
287.017,  287.055, and 287.084,
Florida Statutes.
A copy of the proposed Rules of Procedure and the related incorpo-rated documents, if any, may be obtained by contacting the District Manager, c/o Special District Services, 2501A Burns Road, Palm Beach Gardens, Florida 33410 or by calling (561) 630-4922.
Michelle Krizen, District Manager

Publication Cost:	$197.25	
Tax Amount:	$0.00	
Payment Cost:	$197.25	
Order No:	12159923	
Customer No:	1579618	
PO#:	RULE NO 2026-1	

Notary, State of WI�, CoV/r}�ty • My commission expires

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Shores at Stillwater Community Development District
www,1boro11t1tlllwatorcdd Pt9
PUBLISH:	SARASOTA	HERALD
TRIBUNE 03/16/26 #12159923

THIS IS NOT AN INVOICE!
Please do no/ use this form for paymen/ remillance.

# of Copies:
1

KONGMENG YANG
Notary Public State of Wisconsin

Page 1 of 1

USA TODAY CO.
•LocaliQ

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Laura Archer
Shores At Stillwater Community Development District 2501 Bums RD# A
Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN
Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the

NOTICI o, IUUMAIUNO 11oa11HNO THI IUlH OJ f'a«IO\UII 0, THI

■

IMG H AT STIU.WATII
COMMI.INITY OIVILOf'WINT
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In .cco,d,nce with Chapter• 120 and 190. F/oridCJ StafutH, the
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propoHd 1tule1 of Procedure (th•
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Ruf• numb	11 20l6•1, Prior notk• ol rule dtv.lopmant rel1live to thti PropoHd Rule wH published In tM Sa,osato HffO/d TtlbuM on M1r,ch Hl,20H.
A public hHring will be COl'ld1,1c:Hd
by the loard of Supe1vi10,. (lhe "hanr) ofth•Shores at St,lhHler Community D■velopm•n1 Dl1n11tl (th• "Dlstrhrl 01'1 Aptll 20, 202•,
•t 11:00 ....,, •t SOI N. c.ui......
h•d, Sult• 1N. hr•••t-. Flertd• U2U r•l•tive to the edoption o,
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S•ttlofts	190.011(5)	tnd 190.012C,), Rorldo srorurer. the Proposed Rule will not require legisl•tlvefltlflcation.
The summary, purpose ,nd effect of lh• Proposed Rule It.10 provide for efHtlent l!'ld •ffe<1•¥• Olttrotl oper•tions tnd enw,e comp1i•nc• w,th recent ch.ar,gu to flo,lda 1,w. TM ._,ecint 9,.-.1 of rulamtll.lng

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Herald-Tribune, published in Sarasota County, Florida; with circulation in Sarasota, Manatee and Charlotte Counties; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Sarasota, Manatee and Charlotte Counties, Florida, or in a

100.011($),  190.011(15)  a,,d

uou

190.035. Florida Srorutas. The speclNc laws lmplement•d In 1h• Prop,oHd Rule include, but are ,,ot llmlted to, sections 112.01, 112.3143, 112.3144&, 112.31'5,

sos.

119.01. 119.0701,	120512,
120	120.56, 170 69, 120.tl,
tH.051,  1'9.0l9	190.006,
190.007,  190.001,  100.0,1.
190.033. 190.035, 218 33, 111.ltl,
255.05  255.0518,  255 0525.
255.lO,  288.0105,  2H 011,
216.012.  286.0113,  216.0114,
281.011, 287.0!!iS, and 287 011,

=�

Florido srou,1as.

newspaper by print in the issues of, on:

SAR Herald-Tribune	03/23/2026 SAR heraldtribune.com 03/23/2026

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 03/23/2026
- 	cs 	'.)

Legal Clerk

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Notary, State ofWI,g'oun;� or-ryownJ
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Publication Cost:	$315.50	
Tax Amount:	$0.00	
Payment Cost:	$315.50	
Order No:	12173861	
Customer No:	1579618	
PO#:		

My commission expires

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do not use this form for payment remillance.

A 11a1e,,,.nt of estunated re11u'a•
tory con,, as deftned In Section

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1l0.541(21, FJ01ldo Storutes. hH

�o':;0�::11n':tiv.. lo�•r p�:!t;!Ju�; Section 120.541111, Florido Sfolutes. must do so ,n •riti"9
•ithin ,_nty one(21) da�s after publitatlon of this notlu to the District M1n1ge,'s Oftke.
For more lnfonnatlon reg•rd1"9 the P\fbl C llffling, the Propoted Rule, Of for a COPY of the P1opoHd Rwl• and tM related Incorporated dku• ments. If any. please contact th• District Manager c/o Specl1I Dlstntt Services. 2501A Burns Road, Palm Beach Gardens. Florlda 33410  Ph.  (561)  630·1922.
mltti,en.. d,lnc.com Ith• •D1st,h:;t Mana.. ,•,offtce·)
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spe,cifledonthe1eco1d1tthehe11•  Ing witl'lout aclditiona1 notice. 1r anyone t.t190ses to appeal any de<i• slon of the 801rd w th ,esp•ct 10 anymatter considered at the P"!blit hffrlng, such person • II need a reco,d of the proc:e•cfnos and
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Pu11u1nt to th• provisions of th• American, with Disabilities Act, any
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�c:�ri�-���i�:��,�::!,�'�a:i�'= speech Impaired, please contact
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MlcheUe ltriren, District Manager Shores et Stillwater COll'lmun ty o.,,,,1oGntOfstric,
Pub· i1Jh,: •nHJl61

KONGMENG YANG
Notary Public
State of Wisconsin

Page 1 of 1

RESOLUTION 2026-29

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT ADOPTING RULES OF PROCEDURE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, Shores at Stillwater Community Development District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, Chapter 190, Florida Statutes, authorizes the District to adopt rules to govern the administration of the District and to adopt resolutions as may be necessary for the conduct of District business; and
WHEREAS, to provide for efficient and effective District operations and to maintain compliance with recent changes to Florida law, the Board of Supervisors finds that it is in the best interests of the District to adopt by resolution the Rules of Procedure attached hereto as Exhibit A for immediate use and application; and

WHEREAS, the Board of Supervisors has complied with applicable Florida law concerning rule development and adoption.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The attached Rules of Procedure are hereby adopted pursuant to this resolution as necessary for the conduct of District business. These Rules of Procedure shall stay in full force and effect until such time as the Board of Supervisors may amend these rules in accordance with Chapter 190, Florida Statutes.
SECTION 2.  If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 3.  This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 20th day of April, 2026.

ATTEST:	SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Rules of Procedure

RULES OF PROCEDURE SHORES AT STILLWATER
COMMUNITY DEVELOPMENT DISTRICT EFFECTIVE AS OF APRIL 20, 2026
TABLE OF CONTENTS
Rule 1.0	General.	2
Rule 1.1	Board of Supervisors; Officers and Voting.	3
Rule 1.2	District Offices; Public Information and Inspection of Records; Policies; Service Contract Requirements; Financial Disclosure Coordination.	7
Rule 1.3	Public Meetings, Hearings, and Workshops.	10
Rule 1.4	Internal Controls to Prevent Fraud, Waste and Abuse	15
Rule 2.0	Rulemaking Proceedings	16
Rule 3.0	Competitive Purchase.	31
Rule 3.1	Procedure Under the Consultants’ Competitive Negotiations Act.	36
Rule 3.2	Procedure Regarding Auditor Selection.	40
Rule 3.3	Purchase of Insurance.	44
Rule 3.4	Pre-qualification	46
Rule 3.5	Construction Contracts, Not Design-Build.	51
Rule 3.6	Construction Contracts, Design-Build.	56
Rule 3.7	Payment and Performance Bonds.	61
Rule 3.8	Goods, Supplies, and Materials.	62
Rule 3.9	Maintenance Services.	66
Rule 3.10	Contractual Services.	70
Rule 3.11	Protests with Respect to Proceedings under Rules 3.1, 3.2, 3.3, 3.4, 3.5,
3.6, 3.8, and 3.9.	71
Rule 4.0	Effective Date.	74

Rule 1.0	General.

The Shores at Stillwater Community Development District (the “District”) was created pursuant to the provisions of Chapter 190 of the Florida Statutes, and was established to provide for the ownership, operation, maintenance, and provision of various capital facilities and services within its jurisdiction. The purpose of these rules (the “Rules”) is to describe the general operations of the District.

Definitions located within any section of these Rules shall be applicable within all other sections, unless specifically stated to the contrary.

Unless specifically permitted by a written agreement with the District, the District does not accept documents filed by e-mail or facsimile transmission. Filings are only accepted during normal business hours.

A Rule of the District shall be effective upon adoption by affirmative vote of the District Board. After a Rule becomes effective, it may be repealed or amended only through the rulemaking procedures specified in these Rules. Notwithstanding, the District may immediately suspend the application of a Rule if the District determines that the Rule conflicts with Florida law. In the event that a Rule conflicts with Florida law and its application has not been suspended by the District, such Rule should be interpreted in the manner that best effectuates the intent of the Rule while also complying with Florida law. If the intent of the Rule absolutely cannot be effectuated while complying with Florida law, the Rule shall be automatically suspended.
Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 190.011(5), 190.011(15), Fla. Stat.

Rule 1.1	Board of Supervisors; Officers and Voting.

Board of Supervisors. The Board of Supervisors of the District (the “Board”) shall consist of five (5) members. Members of the Board (“Supervisors”) appointed by ordinance or rule or elected by landowners must be citizens of the United States of America and residents of the State of Florida. Supervisors elected or appointed by the Board to elector seats must be citizens of the United States of America, residents of the State of Florida and of the District and registered to vote with the Supervisor of Elections of the county in which the District is located and for those elected, shall also be qualified to run by the Supervisor of Elections. The Board shall exercise the powers granted to the District under Florida law.

Supervisors shall hold office for the term specified by Section 190.006 of the Florida Statutes. If, during the term of office, any Board member(s) vacates their office, the remaining member(s) of the Board shall fill the vacancies by appointment for the remainder of the term(s). If three or more vacancies exist at the same time, a quorum, as defined herein, shall not be required to appoint replacement Board members.

Three (3) members of the Board shall constitute a quorum for the purposes of conducting business, exercising powers and all other purposes. A Board member shall be counted toward the quorum if physically present at the meeting, regardless of whether such Board member is prohibited from, or abstains from, participating in discussion or voting on a particular item.
Action taken by the Board shall be upon a majority vote of the members present, unless otherwise provided in the Rules or required by law. Subject to Rule 1.3(10), a Board member participating in the Board meeting by teleconference or videoconference shall be entitled to vote and take all other action as though physically present.

Unless otherwise provided for by an act of the Board, any one Board member may attend a mediation session on behalf of the Board. Any agreement resulting from such mediation session must be approved pursuant to subsection (1)(c) of this Rule.
Officers. At the first Board meeting held after each election where the newly elected members take office, the Board shall select a Chairperson, Vice-Chairperson, Secretary, Assistant Secretary, and Treasurer.

The Chairperson must be a member of the Board. If the Chairperson resigns from that office or ceases to be a member of the Board, the Board shall select a Chairperson. The Chairperson serves at the pleasure of the Board. The Chairperson shall be authorized to execute resolutions and contracts on the District’s behalf. The Chairperson shall convene and conduct all meetings of the Board. In the event the Chairperson is unable to attend a

meeting, the Vice-Chairperson shall convene and conduct the meeting. The Chairperson or Vice-Chairperson may delegate the responsibility of conducting the meeting to the District’s manager (“District Manager”) or District Counsel, in whole or in part.

The Vice-Chairperson shall be a member of the Board and shall have such duties and responsibilities as specifically designated by the Board from time to time. The Vice-Chairperson has the authority to execute resolutions and contracts on the District’s behalf in the absence of the Chairperson. If the Vice-Chairperson resigns from office or ceases to be a member of the Board, the Board shall select a Vice-Chairperson. The Vice-Chairperson serves at the pleasure of the Board.

The Secretary of the Board serves at the pleasure of the Board and need not be a member of the Board. The Secretary shall be responsible for maintaining the minutes of Board meetings and may have other duties assigned by the Board from time to time. An employee of the District Manager may serve as Secretary. The Secretary shall be bonded by a reputable and qualified bonding company in at least the amount of one million dollars ($1,000,000), or have in place a fidelity bond, employee theft insurance policy, or a comparable product in at least the amount of one million dollars ($1,000,000) that names the District as an additional insured.

The Treasurer need not be a member of the Board but must be a resident of the State of Florida. The Treasurer shall perform duties described in Section 190.007(2) and (3) of the Florida Statutes, as well as those assigned by the Board from time to time. The Treasurer shall serve at the pleasure of the Board. The Treasurer shall either be bonded by a reputable and qualified bonding company in at least the amount of one million dollars ($1,000,000), or have in place a fidelity bond, employee theft insurance policy, or a comparable product in at least the amount of one million dollars ($1,000,000) that names the District as an additional insured.
In the event that both the Chairperson and Vice-Chairperson are absent from a Board meeting and a quorum is present, the Board may designate one of its members or a member of District staff to convene and conduct the meeting. In such circumstances, any of the Board members present are authorized to execute agreements, resolutions, and other documents approved by the Board at such meeting. In the event that the Chairperson and Vice-Chairperson are both unavailable to execute a document previously approved by the Board, the Secretary or any Assistant Secretary may execute such document.

The Board may assign additional duties to District officers from time to time, which include, but are not limited to, executing documents on behalf of the District.

The Chairperson, Vice-Chairperson, and any other person authorized by District Resolution may sign checks and warrants for the District, countersigned by the Treasurer or other persons authorized by the Board.

Committees. The Board may establish committees of the Board, either on a permanent or temporary basis, to perform specifically designated functions. Committees may include individuals who are not members of the Board. Such functions may include, but are not limited to, review of bids, proposals, and qualifications, contract negotiations, personnel matters, and budget preparation.

Record Book. The Board shall keep a permanent record book entitled “Record of Proceedings,” in which shall be recorded minutes of all meetings, resolutions, proceedings, certificates, and corporate acts. The Records of Proceedings shall be located at a District office and shall be available for inspection by the public.

Meetings. For each fiscal year, the Board shall establish a schedule of regular meetings, which shall be published in a newspaper of general circulation within the county or counties in which the District is located and filed with the local general-purpose governments within whose boundaries the District is located. All meetings of the Board and committees serving an advisory function shall be open to the public in accord with the provisions of Chapter 286 of the Florida Statutes.

Votes Required. No Board member who is present at any meeting of the District Board at which an official decision, ruling, or other official act is to be taken or adopted may abstain from voting in regard to any such decision, ruling, or act; and a vote shall be recorded or counted for each such Board member present, except when, with respect to any such member, there is, or appears to be, a possible conflict of interest under the provisions of s. 112.311, s. 112.313, or s. 112.3143 of the Florida Statutes.
Voting Conflict of Interest. The Board shall comply with Section 112.3143 of the Florida Statutes, so as to ensure the proper disclosure of conflicts of interest on matters coming before the Board for a vote. For the purposes of this section, “voting conflict of interest” shall be governed by the Florida Constitution and Chapters 112 and 190 of the Florida Statutes, as amended from time to time. Generally, a voting conflict exists when a Board member is called upon to vote on an item which would inure to the Board member’s special private gain or loss or the Board member knows would inure to the special private gain or loss of a principal by whom the Board member is retained, the parent organization or subsidiary of a corporate principal, a business associate, or a relative including only a father, mother, son, daughter, husband, wife, brother, sister, father-in-law, mother-in-law, son-in-law, and daughter-in-law.

When a Board member knows the member has a conflict of interest on a matter coming before the Board, the member should notify the Board’s

Secretary prior to participating in any discussion with the Board on the matter. The member shall publicly announce the conflict of interest at the meeting. This announcement shall appear in the minutes.

If the Board member was elected at a landowner’s election or appointed to fill a vacancy of a seat last filled at a landowner’s election, the Board member may vote or abstain from voting on the matter at issue. If the Board member was elected by electors residing within the District, the Board member is prohibited from voting on the matter at issue. In the event that the Board member intends to abstain or is prohibited from voting, such Board member shall not participate in the discussion on the item subject to the vote.

The Board’s Secretary shall prepare a Memorandum of Voting Conflict (Form 8B) which shall then be signed by the Board member, filed with the Board’s Secretary, and provided for attachment to the minutes of the meeting within fifteen (15) days of the meeting.

If a Board member inadvertently votes on a matter and later learns he or she has a conflict on the matter, the member shall immediately notify the Board’s Secretary. Within fifteen (15) days of the notification, the member shall file the appropriate Memorandum of Voting Conflict, which will be attached to the minutes of the Board meeting during which the vote on the matter occurred. The Memorandum of Voting Conflict shall immediately be provided to other Board members and shall be read publicly at the next meeting held subsequent to the filing of the Memorandum of Voting Conflict. The Board member’s vote is unaffected by this filing.
It is not a conflict of interest for a Board member, the District Manager, or an employee of the District to be a stockholder, officer or employee of a landowner or of an entity affiliated with a landowner.

In the event that a Board member elected at a landowner’s election or appointed to fill a vacancy of a seat last filled at a landowner’s election, has a continuing conflict of interest, such Board member is permitted to file a Memorandum of Voting Conflict at any time in which it shall state the nature of the continuing conflict. Only one such continuing Memorandum of Voting Conflict shall be required to be filed for each term the Board member is in office.
Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 112.3143, 190.006, 190.007, 286.012, Fla. Stat.

Rule 1.2	District Offices; Public Information and Inspection of Records; Policies; Service Contract Requirements; Financial Disclosure Coordination.

District Offices. Unless otherwise designated by the Board, the official District office shall be the District Manager’s office identified by the District Manager. If the District Manager’s office is not located within the county in which the District is located, the Board shall designate a local records office within such county which shall at a minimum contain, but not be limited to, the following documents:

Agenda packages for prior 24 months and next meeting;

Official minutes of meetings, including adopted resolutions of the Board;

Names and addresses of current Board members and District Manager, unless such addresses are protected from disclosure by law;

Adopted engineer’s reports;

Adopted assessment methodologies/reports;

Adopted disclosure of public financing;
Limited Offering Memorandum for each financing undertaken by the District;
Proceedings, certificates, bonds given by all employees, and any and all corporate acts;

District policies and rules;

Fiscal year end audits; and

Adopted budget for the current fiscal year.
The District Manager shall ensure that each District records office contains the documents required by Florida law.
Public Records. District public records include all documents, papers, letters, maps, books, tapes, photographs, films, sound recordings, data processing software, or other material, regardless of the physical form, characteristics, or means of transmission, made or received in connection with the transaction of official business of the District. All District public records not otherwise restricted by law may be copied or inspected at the District Manager’s office during regular business hours. Certain District records can also be inspected and copied at the District’s local records office during regular business hours. All written public records requests shall be directed to the Secretary who by these rules is appointed as the

District’s records custodian. Regardless of the form of the request, any Board member or staff member who receives a public records request shall immediately forward or communicate such request to the Secretary for coordination of a prompt response. The Secretary, after consulting with District Counsel as to the applicability of any exceptions under the public records laws, shall be responsible for responding to the public records request. At no time can the District be required to create records or summaries of records, or prepare opinions regarding District policies, in response to a public records request.

Service Contracts. Any contract for services, regardless of cost, shall include provisions required by law that require the contractor to comply with public records laws. The District Manager shall be responsible for initially enforcing all contract provisions related to a contractor’s duty to comply with public records laws.

Fees; Copies. Copies of public records shall be made available to the requesting person at a charge of $0.15 per page for one-sided copies and $0.20 per page for two-sided copies if not more than 8 ½ by 14 inches. For copies of public records in excess of the sizes listed in this section and for outside duplication services, the charge shall be equal to the actual cost of reproduction. Certified copies of public records shall be made available at a charge of one dollar ($1.00) per page. If the nature or volume of records requested requires extensive use of information technology resources or extensive clerical or supervisory assistance, the District may charge, in addition to the duplication charge, a special service charge that is based on the cost the District incurs to produce the records requested. This charge may include, but is not limited to, the cost of information technology resource, employee labor, and fees charged to the District by consultants employed in fulfilling the request. In cases where the special service charge is based in whole or in part on the costs incurred by the District due to employee labor, consultant fees, or other forms of labor, those portions of the charge shall be calculated based on the lowest labor cost of the individual(s) who is/are qualified to perform the labor, taking into account the nature or volume of the public records to be inspected or copied. The charge may include the labor costs of supervisory and/or clerical staff whose assistance is required to complete the records request, in accordance with Florida law. For purposes of this Rule, the word “extensive” shall mean that it will take more than 15 minutes to locate, review for confidential information, copy and re-file the requested material. In cases where extensive personnel time is determined by the District to be necessary to safeguard original records being inspected, the special service charge provided for in this section shall apply. If the total fees, including but not limited to special service charges, are anticipated to exceed twenty-five dollars ($25.00), then, prior to commencing work on the request, the District will inform the person making the public records request of the estimated cost, with the understanding that the final cost may vary from that estimate. If the person making the public records request decides to proceed with the request, payment of the estimated cost is required in advance. Should the person fail to pay the estimate, the District is under no duty to produce the requested records. After the request has been fulfilled, additional payments or credits may be

due. The District is under no duty to produce records in response to future records requests if the person making the request owes the District for past unpaid duplication charges, special service charges, or other required payments or credits.

Records Retention. The Secretary of the District shall be responsible for retaining the District’s records in accordance with applicable Florida law.

Policies. The Board may adopt policies related to the conduct of its business and the provision of services either by resolution or motion.

Financial Disclosure Coordination. Unless specifically designated by Board resolution otherwise, the Secretary shall serve as the Financial Disclosure Coordinator (“Coordinator”) for the District as required by the Florida Commission on Ethics (“Commission”). The Coordinator shall create, maintain and update a list of the names, e-mail addresses, physical addresses, and names of the agency of, and the office or position held by, all Supervisors and other persons required by Florida law to file a statement of financial interest due to his or her affiliation with the District (“Reporting Individual”). The Coordinator shall provide this list to the Commission by February 1 of each year, which list shall be current as of December 31 of the prior year. Each Supervisor and Reporting Individual shall promptly notify the Coordinator in writing if there are any changes to such person’s name, e-mail address, or physical address. Each Supervisor and Reporting Individual shall promptly notify the Commission in the manner prescribed by the Commission if there are any changes to such person’s e-mail address.
Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 112.31446(3), 112.3145(8)(a)1., 119.07, 119.0701, 190.006, Fla. Stat.

Rule 1.3	Public Meetings, Hearings, and Workshops.

Notice. Except in emergencies, or as otherwise authorized or required by statute or these Rules, at least seven (7) days’, but not more than thirty (30) days’ public notice shall be given of any public meeting, hearing or workshop of the Board. Public notice shall be given by publication in a newspaper of general circulation within the county or counties in which the District is located. A newspaper is deemed to be a newspaper of “general circulation” in the county in which the District is located if such newspaper has been in existence for two (2) years at the time of publication of the applicable notice (unless no newspaper within the county has been published for such length) and satisfies the criteria of section 50.011(1) of the Florida Statutes, or if such newspaper is a direct successor of a newspaper which has been so published, as such provisions may be amended from time to time by law. The annual meeting notice required to be published by Section 189.015 of the Florida Statutes, shall be published as provide in Chapter 50 of the Florida Statutes, and such notice published consistent therewith shall satisfy the requirement to give at least seven (7) days’ public notice as required herein. Each Notice shall state, as applicable:

The date, time and place of the meeting, hearing or workshop;

A brief description of the nature, subjects, and purposes of the meeting, hearing, or workshop;
The District office address for the submission of requests for copies of the agenda, as well as a contact name and telephone number for verbal requests for copies of the agenda; and
The following or substantially similar language: “Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (561) 630-4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1 (800) 955-8770 or 1 (800) 955-8771, who can aid you in contacting the District Office.”

The following or substantially similar language: “A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.”

The following or substantially similar language: “The meeting [or hearing or workshop] may be continued in progress without additional notice to a time, date, and location stated on the record.”

The date, time, and place of each meeting, hearing, or workshop of the Board shall additionally be posted on the District’s website at least seven (7) days prior to such meeting, hearing, or workshop.

Mistake. In the event that a meeting is held under the incorrect assumption that notice required by law and these Rules has been given, the Board at its next properly noticed meeting shall cure such defect by considering the agenda items from the prior meeting individually and anew.

Agenda. The District Manager, under the guidance of District Counsel and the Chairperson or Vice-Chairperson, shall prepare an agenda of the meeting/hearing/workshop. The agenda and any meeting materials available in an electronic format, excluding any i) confidential and ii) confidential and exempt information, shall be available to the public at least seven (7) days before the meeting/hearing/workshop, except in an emergency. Meeting materials shall be defined as, and limited to, the agenda, meeting minutes, resolutions, and agreements of the District that District staff deems necessary for Board approval. Inclusion of additional materials for Board consideration other than those defined herein as “meeting materials” shall not convert such materials into “meeting materials.” For good cause, the agenda may be changed after it is first made available for distribution, and additional materials may be added or provided under separate cover at the meeting. The requirement of good cause shall be liberally construed to allow the District to efficiently conduct business and to avoid the expenses associated with special meetings.
The District may, but is not required to, use the following format in preparing its agenda for its regular meetings:

Call to order Roll call
Public comments Organizational matters Review of minutes
Specific items of old business Specific items of new business Staff reports
District Counsel
District Engineer
District Manager
Financial Report
Approval of Expenditures Supervisor’s requests and comments

Adjournment

Minutes. The Secretary shall be responsible for preparing and keeping the minutes of each meeting of the Board. Minutes shall be corrected and approved by the Board at a subsequent meeting. The Secretary may work with other staff members in preparing draft minutes for the Board’s consideration.

Special Requests. Persons wishing to receive, by mail, notices or agendas of meetings, may so advise the District Manager or Secretary at the District Office. Such persons shall furnish a mailing address in writing and shall be required to pre-pay the cost of the copying and postage.

Emergency Meetings. The Chairperson, or Vice-Chairperson if the Chairperson is unavailable, upon consultation with the District Manager and District Counsel, if available, may convene an emergency meeting of the Board without first having complied with sections (1) and (3) of this Rule, to act on emergency matters that may affect the public health, safety, or welfare. Whenever possible, the District Manager shall make reasonable efforts to provide public notice and notify all Board members of an emergency meeting twenty-four (24) hours in advance. Reasonable efforts may include telephone notification. Notice of the emergency meeting must be provided both before and after the meeting on the District’s website, if it has one. Whenever an emergency meeting is called, the District Manager shall be responsible for notifying at least one newspaper of general circulation within the county in which the District is located. After an emergency meeting, the Board shall publish in a newspaper of general circulation within the county in which the District is located, the time, date and place of the emergency meeting, the reasons why an emergency meeting was necessary, and a description of the action taken. Actions taken at an emergency meeting may be ratified by the Board at a regularly noticed meeting subsequently held.
Public Comment. The Board shall set aside a reasonable amount of time at each meeting for public comment and members of the public shall be permitted to provide comment on any proposition before the Board. The portion of the meeting generally reserved for public comment shall be identified in the agenda. Policies governing public comment may be adopted by the Board in accordance with Florida law.
Budget Hearing. Notice of hearing on the annual budget(s) shall be in accord with Section 190.008 of the Florida Statutes. Once adopted in accord with Section
190.008 of the Florida Statutes, the annual budget(s) may be amended from time to time by action of the Board or as otherwise provided in the resolution approving the annual budget(s). Approval of invoices by the Board in excess of the funds allocated to a particular budgeted line item shall serve to amend the budgeted line item.

Public Hearings. Notice of required public hearings shall contain the information required by applicable Florida law and by these Rules applicable to meeting notices and shall be mailed and published as required by Florida law. The District Manager shall ensure that all such notices, whether mailed or published, contain the information required by Florida law and these Rules and are mailed and published as required by Florida law. Public hearings may be held during Board meetings when the agenda includes such public hearing.

Participation by Teleconference/Videoconference. District staff may participate in Board meetings by teleconference or videoconference. Board members may also participate in Board meetings by teleconference or videoconference if in the good judgment of the Board extraordinary circumstances exist; provided however, at least three Board members must be physically present at the meeting location to establish a quorum. Such extraordinary circumstances shall be presumed when a Board member participates by teleconference or videoconference, unless a majority of the Board members physically present determines that extraordinary circumstances do not exist.

Board Authorization. The District has not adopted Robert’s Rules of Order. For each agenda item, there shall be discussion permitted among the Board members during the meeting. Unless such procedure is waived by the Board, approval or disapproval of resolutions and other proposed Board actions shall be in the form of a motion by one Board member, a second by another Board member, and an affirmative vote by the majority of the Board members present. Any Board member, including the Chairperson, can make or second a motion.
Continuances. Any meeting or public hearing of the Board may be continued without re-notice or re-advertising provided that:

The Board identifies on the record at the original meeting a reasonable need for a continuance;

The continuance is to a specified date, time, and location publicly announced at the original meeting; and
The public notice for the original meeting states that the meeting may be continued to a date and time and states that the date, time, and location of any continuance shall be publicly announced at the original meeting and posted at the District Office immediately following the original meeting.

Attorney-Client Sessions. An Attorney-Client Session is permitted when the District’s attorneys deem it necessary to meet in private with the Board to discuss pending litigation to which the District is a party before a court or administrative agency or as may be authorized by law. The District’s attorney must request such session at a public meeting. Prior to holding the Attorney-Client Session, the District must give reasonable public notice of the time and date of the session and

the names of the persons anticipated to attend the session. The session must commence at an open meeting in which the Chairperson or Vice-Chairperson announces the commencement of the session, the estimated length of the session, and the names of the persons who will be attending the session. The discussion during the session is confined to settlement negotiations or strategy related to litigation expenses or as may be authorized by law. Only the Board, the District’s attorneys (including outside counsel), the District Manager, and the court reporter may attend an Attorney-Client Session. During the session, no votes may be taken and no final decisions concerning settlement can be made. Upon the conclusion of the session, the public meeting is reopened, and the Chairperson or Vice-Chairperson must announce that the session has concluded. The session must be transcribed by a court-reporter and the transcript of the session filed with the District Secretary within a reasonable time after the session. The transcript shall not be available for public inspection until after the conclusion of the litigation.

Security and Firesafety Board Discussions. Portions of a meeting which relate to or would reveal a security or firesafety system plan or portion thereof made confidential and exempt by section 119.071(3)(a), Florida Statutes, are exempt from the public meeting requirements and other requirements of section 286.011, Florida Statutes, and section 24(b), Article 1 of the State Constitution. Should the Board wish to discuss such matters, members of the public shall be required to leave the meeting room during such discussion. Any records of the Board’s discussion of such matters, including recordings or minutes, shall be maintained as confidential and exempt records in accordance with Florida law.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 189.069(2)(a)16, 190.006, 190.007, 190.008, 286.0105, 286.011, 286.0113, 286.0114, Fla. Stat.

Rule 1.4	Internal Controls to Prevent Fraud, Waste and Abuse

Internal Controls.	The District shall establish and maintain internal controls designed to:

Prevent and detect “fraud,” “waste” and “abuse” as those terms are defined in section 11.45(1),

Florida Statutes; and

Promote and encourage compliance with applicable laws, rules contracts, grant agreements, and best practices; and

Support economical and efficient operations; and

Ensure reliability of financial records and reports; and

Safeguard assets.

Adoption. The internal controls to prevent fraud, waste and abuse shall be adopted and amended by the District in the same manner as District policies.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: § 218.33(3), Fla. Stat.

Rule 2.0	Rulemaking Proceedings.

Commencement of Proceedings. Proceedings held for adoption, amendment, or repeal of a District rule shall be conducted according to these Rules. Rulemaking proceedings shall be deemed to have been initiated upon publication of a Notice of Rule Development by the District as required by Section 2 of this Rule. A “rule” is a District statement of general applicability that implements, interprets, or prescribes law or policy, or describes the procedure or practice requirements of the District. Nothing herein shall be construed as requiring the District to consider or adopt rules unless required by Chapter 190 of the Florida Statutes. Policies adopted by the District which do not consist of rates, fees, rentals or other monetary charges may be, but are not required to be, implemented through rulemaking proceedings.

Requirements of a Rule. All District rules as drafted shall:

Contain only one subject;

Include readable language, meaning it avoids i) the use of obscure words and unnecessarily long or complicated constructions, and ii) the use of unnecessary technical or specialized language that is understood only by members of particular trades or professions;

Be indefinite such that the rule does not include a provision whereby the rule, or a portion thereof, automatically expires or is repealed on a specific date or at the end of a specified period, unless otherwise expressly authorized by law; and
Only incorporate material by reference in compliance with Section 120.54(1)(i) of the Florida Statutes.

Statement of Estimated Regulatory Costs. Before adopting, amending, or repealing any rule, other than an emergency rule, the District may prepare a statement of estimated regulatory costs (“SERC”) based on the factors set forth in Section 120.541(2) of the Florida Statutes. The District shall prepare a SERC for a proposed rule if in accordance with the requirements of Section 120.541(2) of the Florida Statutes if: i) the proposed rule will have an adverse economic impact on small business; or ii) the proposed rule is likely to directly or indirectly increase regulatory costs in excess of $200,000 in the aggregate in the state within one (1) year after implementation of the rule.

Notice of Rule Development.

Except when the intended action is the repeal of a rule, the District shall provide notice of the development of a proposed rule (“Notice of Rule Development”) setting forth the following:

the subject area to be addressed by rule development;

A short, plain explanation of the purpose and effect of the proposed rule;

The grant of rulemaking authority for the proposed rule;

The law being implemented;

The proposed rule number; and
If available, either the preliminary text of the proposed rule and any incorporated documents, or a statement of how a person may promptly obtain, without cost, a copy of any preliminary draft of such rule or documents.

The Notice of Rule Development shall be published in a newspaper of general circulation within the county or counties in which the District is located at least seven (7) days prior to the Notice of Rulemaking required by Section 5 of this Rule, and at least thirty-five (35) days prior to the intended action.

Notice of Rulemaking.
Prior to the adoption, amendment, or repeal of any rule other than an emergency rule, the District shall provide notice of its intended action (the “Notice of Rulemaking”) setting forth the following:
The proposed rule number;

The full text of the proposed rule or amendment and a summary thereof;1

The grant of rulemaking authority for the proposed rule;
The law being implemented or interpreted;
The name, e-mail address, and telephone number of the agency employee who may be contacted regarding the intended action;
A concise summary of the District’s statement of the estimated regulatory costs, if one has been prepared, based on the factors set forth in Section 120.541(2) of the Florida Statutes, that describes the regulatory impact of the rule in readable language;

1 Only for special districts located in more than one county.

The District’s website where the statement of estimated regulatory costs can be viewed, in its entirety, if one has been prepared;

A statement that any person who wishes to provide the District with a lower cost regulatory alternative as provided by Section 120.541(1), must do so in writing within twenty-one (21) days after publication of the notice;

A statement as to whether, based on the SERC or other information expressly relied upon and described by the District if no statement of regulatory costs is required, the proposed rule is expected to require legislative ratification pursuant to Section 120.541(3) of the Florida Statutes;

The date, time, and location of the public hearing on the proposed rule;

The name, address, and telephone number of the District contact person who can provide information about the public hearing; and

A reference to both the date on which and the place where the Notice of Rule Development required by Section 4 of this Rule appeared, except when the intended action is the repeal of a rule.
The Notice of Rulemaking shall be published in a newspaper of general circulation within the county or counties in which the District is located at least seven (7) days after the Notice of Rule Development required by Section 4 of this Rule, and at least twenty-eight (28) days prior to the intended action. If the Notice of Rulemaking is not published within one-hundred eighty (180) days of the publication of the Notice of Rule Development, then the District’s Board shall approve a concise statement at least seven (7) days prior to the conclusion of the one-hundred eighty
(180) day timeframe identifying the reason for the delay, which may be supplemented quarterly until the District has adopted the proposed rule.
The Notice of Rulemaking shall be mailed or delivered electronically to all persons named in the proposed rule and to all persons who, at least fourteen
(14) days before publication of the notice, have made requests of the District for advance notice of its rulemaking proceedings. Any person may file a written request with the District Manager to receive notice of the District’s rulemaking proceedings. Such persons must furnish a mailing address or e-mail address, and may be required to pay the cost of copying and mailing as applicable.

As of the date of publication of the Notice of Rulemaking, the Board shall make available for public inspection and shall provide, upon request and payment of the cost of copies, the proposed rule, including all material proposed to be incorporated by reference.
Modification of Rules.
Technical Changes.
Prior to rule adoption, the District shall publish a notice of correction (“Notice of Correction”) if any of the information that is required to be included in the Notice of Rulemaking, including technical changes that correct citations or grammatical, typographical or similar errors that do not otherwise affect the substance of the rule, is omitted or is incorrect. A Notice of Correction cannot be used to make substantive changes to the rule text. The Notice of Correction shall be published in a newspaper of general circulation within the county or counties in which the District is located at least seven (7) days prior to the intended action.

After rule adoption, a technical change to a rule may be approved at any time by the District. Promptly thereafter, a Notice of Correction shall be published by the District in the manner set forth in Section 6(a)(i) of this Rule.

Substantive Changes.

Prior to rule adoption, any substantive change must be either be:

Supported by the record of the public hearing held on the proposed rule;

In response to written materials submitted to the District; or

In response to an objection with the proposed rule by the District Board.

After rule adoption, a substantive change to a rule shall be effectuated by initiating rulemaking as set forth in this Rule.

Withdrawal of Proposed Rules.

Prior to the adoption of a rule, the District may elect to withdraw the proposed rule in whole or in part. After a rule has become effective, the District may only amend or repeal the rule through initiating the rulemaking procedures set forth in this Rule.

Prior to the adoption of a rule, the District shall withdraw the proposed rule if the District has either failed to adopt such rule within one-hundred eighty
(180) days of the publication of the Notice of Rule Development required by Section 4 of this Rule or to approve a concise statement at least seven
(7) days prior to the conclusion of the one-hundred eighty (180) day timeframe identifying the reason for the delay, which may be supplemented quarterly until the District has adopted the proposed rule.

In the event of a withdrawal of a proposed rule, the District shall publish a notice (“Notice of Rule Withdrawal”) in a newspaper of general circulation within the county or counties in which the District is located, and shall provide notice to those persons set forth in Section 5(c) of this Rule that have made requests of the District for advance notice of its rulemaking proceedings.

Within fifteen (15) days after the end of each calendar quarter, the District shall compile and post on its website a list of each failure to publish a Notice of Rulemaking within the timeframe prescribed by Section 5(b) of this Rule, which list shall include the information set forth in Section 120.54(3)(d)(7) of the Florida Statutes. The District is only required to provide such posting in any calendar quarter(s) in which there is an actual failure to timely publish a Notice of Rulemaking, if any.

Rule Development Workshops.
Whenever requested in writing by any affected person, the District must conduct a rule development workshop prior to proposing rules for adoption for the purposes of rule development or information gathering for the preparation of the SERC, unless the Chairperson explains in writing why a workshop is unnecessary. The District may initiate a rule development workshop, but is not required to do so.

If a workshop is held, the District must ensure that the person(s) responsible for preparing the rule and the SERC, if applicable, are available to explain the District’s proposed rule and to respond to questions or comments regarding the rule being developed.
The notice of any workshop shall be published in a newspaper of general circulation within the county or counties in which the District is located at least fourteen (14) days prior to the workshop setting forth the following:

The place, date, and time of the workshop;

The subject area that will be addressed; and

The District Manager’s contact information.

Petitions to Initiate Rulemaking.

All Petitions to Initiate Rulemaking Proceedings must contain the name, address, and telephone number of the petitioner, the specific action requested, the specific reason for adoption, amendment, or repeal, the date submitted, the text of the proposed rule, and the facts showing that the petitioner is regulated by the District or has a substantial interest in the rulemaking. District staff shall forward a copy of the petition to the District’s Board within seven (7) days of its receipt.

If the petition is directed to an adopted rule, within thirty (30) days following the date of filing a petition, the District shall either i) initiate rulemaking proceedings, ii) otherwise comply with the requested action, or
iii) deny the petition with a written statement of its reasons for the denial.

If the petition is directed to an unadopted rule, within thirty (30) days following the date of filing a petition, the District shall either i) initiate rulemaking, or ii) set a public hearing to consider whether the public interest is served adequately by the application of the proposed rule on a case-by-case basis, as contrasted with its formal adoption as a rule.

If the District elects to hold a public hearing, notice of the public hearing (“Notice of Rulemaking Petition Public Hearing”) shall be published in a newspaper of general circulation within the county or counties in which the District is located. The public hearing shall be held by the District within thirty (30) days after publication of the Notice of Rulemaking Petition Public Hearing.
Not later than thirty (30) days following the date of the public hearing held pursuant to Section 9(c)(i) of this Rule, the District shall either i) initiate rulemaking proceedings, ii) otherwise comply with the requested action, or iii) deny the petition with a written statement of its reasons for the denial.

If the District decides to initiate rulemaking it shall proceed with the rulemaking process as set forth in this Rule.
If the District decides to not initiate rulemaking or otherwise comply with the requested action, the District shall publish a statement of its reasons for not initiating rulemaking or otherwise complying with the requested action and of any changes it will make in the scope or application of the unadopted rule (the “Notice of Denial of Rulemaking Petition”).  The Notice of Denial of Rulemaking Petition

shall be published in a newspaper of general circulation within the county or counties in which the District is located.

Nothing in this Rule shall be construed as requiring the District to adopt, amend, or repeal a rule as initiated by petition.

Public Hearing.

The District may, or, upon the written request of any affected person received within twenty-one (21) days after the date of publication of the Notice of Rulemaking, shall, provide a public hearing for the presentation of evidence, argument, and oral statements, within the reasonable conditions and limitations imposed by the District to avoid duplication, irrelevant comments, unnecessary delay, or disruption of the proceedings. When a public hearing is held, the District shall ensure that staff is available to explain the proposed rule and to respond to questions or comments regarding the proposed rule. Written statements may be submitted by any person prior to or at the public hearing. All timely submitted written statements shall be considered by the District and made part of the rulemaking record.

The District shall publish notice of the public hearing (“Notice of Public Hearing”) in a newspaper of general circulation within the county or counties in which the District is located, either in the text of the Notice of Rulemaking or in a separate publication at least seven (7) days before the scheduled public hearing. The Notice of Public Hearing shall include the following information:
The date, time, and location of the public hearing; and

The name, address, and telephone number of the District contact person who can provide information about the public hearing.
Emergency Rule Adoption.
The Board may adopt an emergency rule if it finds that immediate danger to the public health, safety, or welfare exists which requires immediate action or if the Legislature authorizes the District to adopt emergency rules. The District may use any procedure which is fair under the circumstances in the adoption of an emergency rule as long as it protects the public interest as determined by the District.

At the time or prior to the adoption of an emergency rule, the District shall post on its website a notice regarding its adoption of the emergency rule (the “Notice of Emergency Rule”) which includes the specific facts and reasons for finding an immediate danger to the public health, safety, or welfare and

its reasons for concluding that procedure used is fair under the circumstances. The Notice of Emergency Rule shall thereafter be promptly published in a newspaper of general circulation within the county or counties in which the District is located, and shall include the following information:

The full text of the rule(s); and

The District’s findings of immediate danger, necessity, and procedural fairness or a citation to the grant of emergency rulemaking authority.

An emergency rule shall be effective immediately upon adoption by the District, or on a date less than twenty (20) days thereafter if specified in the emergency rule if the District finds that a later effective date is necessary because of immediate danger to the public health, safety, or welfare. An emergency rule may not be effective for a period of more than ninety (90) days after adoption and may not be renewable, unless the District has initiated rulemaking to adopt rules addressing the subject of the emergency rule and either i) a challenge to the proposed rules has been filed and remains pending or ii) the proposed rules are awaiting ratification by the Legislature, if applicable. Nothing in this paragraph prohibits the District from adopting a rule identical to the emergency rule through the non-emergency rulemaking procedures set forth in this Rule.
If an emergency rule is being renewed in accordance with Section 11(d) of this Rule, notice of the renewal of the emergency rule (the “Notice of Renewal of Emergency Rule”) shall be published before the expiration of the existing emergency rule. The Notice of Renewal of Emergency Rule shall be published in a newspaper of general circulation within the county or counties in which the District is located and shall include the specific facts and reasons for such renewal.

For emergency rules with an effective period of longer than ninety
(90) days which are intended to replace an existing rule, the Rulemaking Record for the existing rule, as required by Section 13 of this Rule, shall specifically identify the emergency rule that is intended to supersede the existing rule as well as the date that the emergency rule was adopted by the District.

The District may supersede an emergency rule in effect through the adoption of another emergency rule before the superseded rule expires. The District shall post on its website and publish a Notice of Emergency Rule, in accordance with Section 11(b) of this Rule, identifying the reason for

adopting the superseding rule. The superseding rule shall not be in effect longer than the duration of the effective period of the superseded rule.

The District may make technical changes to an emergency rule within the first seven (7) days after the rule is adopted, and such changes shall be published in a Notice of Correction as set forth in Section 6(a) of this Rule.

The District may repeal an emergency rule before it expires by publishing a notice (“Notice of Repeal of Emergency Rule”) in a newspaper of general circulation within the county or counties in which the District is located. The Notice of Repeal of Emergency Rule shall include the following information:

The full text of the emergency rule and a summary thereof;

The rule number; and

A short and plain explanation as to why the conditions specified in the Notice of Emergency Rule no longer require the emergency rule.

Negotiated Rulemaking. The District may use negotiated rulemaking in developing and adopting rules pursuant to Section 120.54(2)(d) of the Florida Statutes, except that any notices required under Section 120.54(2)(d) of the Florida Statutes, may be published in a newspaper of general circulation within the county or counties in which the District is located.
Rulemaking Record. In all rulemaking proceedings, the District shall compile and maintain a rulemaking record (“Rulemaking Record”) which shall be on file with the District at least twenty-one (21) days prior to the proposed adoption date of the rule. The Rulemaking Record shall include, as applicable:

A copy of the rule;
Any material incorporated by reference in the rule;
A detailed written statement of the facts and circumstances justifying the proposed rule;
Any SERC for the rule, if required by Section 120.54(3)(b)1. of the Florida Statutes or otherwise prepared, and any information created or used by the District in determining whether a SERC is required;

A statement of the extent to which the proposed rule relates to federal standards on rules on the same subject;

The Notice of Rule Development, Notice of Rulemaking, and notice(s) of any workshops held pursuant to Section 8 of this Rule; and

If an emergency rule is intended to supersede an existing rule, the emergency rule number and the date that the emergency rule was adopted by the District.

Petitions to Challenge Rules.

Any person substantially affected by a proposed or existing rule may seek an administrative determination of the invalidity of the rule on the ground that the rule is an invalid exercise of the District’s authority.

A petition alleging the invalidity of a proposed rule shall be filed within twenty-one (21) days after the date of publication of Notice of Rulemaking, within ten (10) days after the final public hearing is held on the proposed rule; within twenty (20) days after the SERC or revised SERC has been prepared and made available as provided in Section 120.541(1)(d) of the Florida Statutes, if applicable; or within twenty (20) days after the date of publication of the Notice of Rule Withdrawal required by Section 7(c) of this Rule.

A petition alleging the invalidity of an existing rule may be filed at any time during which the rule is in effect.

The petition seeking an administrative determination must state with particularity the provisions alleged to be invalid with sufficient explanation of the facts or grounds for the alleged invalidity and facts sufficient to show that the person challenging a proposed or existing rule is substantially affected by it. A person who is not substantially affected by the proposed rule as initially noticed, but who is substantially affected by the rule as a result of a change, may challenge any provision of the resulting proposed rule.

The petition shall be filed with the District. Within ten (10) days after receiving the petition, or seven (7) days if the challenge relates to an emergency rule, the Chairperson shall, if the petition complies with the requirements of subsection (b) of this section, designate any member of the Board (including the Chairperson), District Manager, District Counsel, or other person as a hearing officer who shall conduct a hearing within thirty
(30) days thereafter, or fourteen (14) days if the challenge relates to an emergency rule, unless the petition is withdrawn or a continuance is granted by agreement of the parties. The failure of the District to follow the applicable rulemaking procedures or requirements in this Rule shall be presumed to be material; however, the District may rebut this presumption

by showing that the substantial interests of the petitioner and the fairness of the proceedings have not been impaired.

At the hearing, the petitioner and the District shall be adverse parties. Other substantially affected persons may join the proceedings as intervenors on appropriate terms which shall not unduly delay the proceedings.

Hearings held under this section shall be de novo in nature. For proposed rules, the petitioner has the burden to prove by a preponderance of the evidence that it would be substantially affected by the proposed rule, and the District has the burden to prove by a preponderance of the evidence that the proposed rule is not an invalid exercise of delegated legislative authority as to the objections raised. For existing rules, the petitioner has a burden of proving by a preponderance of the evidence that the existing rule is an invalid exercise of District authority as to the objections raised. During the hearing, the hearing officer may:

Administer oaths and affirmations;

Rule upon offers of proof and receive relevant evidence;

Regulate the course of the hearing, including any pre-hearing matters;
Enter orders; and
Make or receive offers of settlement, stipulation, and adjustment.

Within thirty (30) days after the hearing, or fourteen (14) days of the challenge relate to an emergency rule, the hearing officer shall render a decision and state the reasons therefor in writing. The hearing officer’s order shall be considered final agency action. The hearing officer may declare all or part of a proposed or existing rule invalid. For a proposed rule, the proposed rule or provision thereof declared invalid shall not be adopted unless the decision of the hearing officer is reversed on appeal. In the event part of a proposed rule is declared invalid, the District may, in its sole discretion, withdraw the proposed rule in its entirety. For an existing rule, the rule or part thereof declared invalid shall become void when the time for filing an appeal expires. In the event that a proposed or existing rule has been declared invalid in whole or part, the District shall promptly publish notice of such occurrence published in a newspaper of general circulation within the county or counties in which the District is located.

Variances and Waivers. A “variance” means a decision by the District to grant a modification to all or part of the literal requirements of a rule to a person who is subject to the rule. A “waiver” means a decision by the District not to apply all or

part of a rule to a person who is subject to the rule. Variances and waivers from District rules may be granted subject to the following:

Variances and waivers shall be granted when the person subject to the rule demonstrates that the purpose of the underlying statute will be or has been achieved by other means by the person, and when application of the rule would create a substantial hardship or would violate principles of fairness. For purposes of this section, “substantial hardship” means a demonstrated economic, technological, legal, or other type of hardship to the person requesting the variance or waiver. For purposes of this section, “principles of fairness” are violated when the literal application of a rule affects a particular person in a manner significantly different from the way it affects other similarly situated persons who are subject to the rule.

A person who is subject to regulation by a District rule may file a petition with the District, requesting a variance or waiver from the District’s rule. Each petition shall specify:

The rule from which a variance or waiver is requested;

The type of action requested;
The specific facts that would justify a waiver or variance for the petitioner; and
The reason why the variance or the waiver requested would serve the purposes of the underlying statute.

The District shall review the petition and may request only that information needed to clarify the petition or to answer new questions raised by or directly related to the petition. If the petitioner asserts that any request for additional information is not authorized by law or by rule of the District, the District shall proceed, at the petitioner’s written request, to process the petition.

The Board shall grant or deny a petition for variance or waiver and shall announce such disposition at a publicly held meeting of the Board, within ninety (90) days after receipt of the original petition, the last item of timely requested additional material, or the petitioner’s written request to finish processing the petition. The District’s statement granting or denying the petition shall contain a statement of the relevant facts and reasons supporting the District’s action. The District shall maintain a record of the type and disposition of each petition filed.

Review of Adopted Rules.

By January 1, 2026, District staff shall prepare a report that summarizes the District’s existing rules anticipated to be reviewed during the current fiscal year, if any, and the recommended action on each rule (the “Existing Rule Review Report”). The Existing Rule Review Report shall be presented to the District’s Board at a noticed Board meeting as soon as practicable after preparation by District staff. District staff shall continue to annually prepare an updated Existing Rule Review Report by January 1 of each year until all District rules have been reviewed. The District is not bound to review its existing rules in accordance with the schedule set forth in an Existing Rule Review Report, but is required to complete the review of at least twenty (20%) percent of its existing rules per year until all existing rules have been reviewed in accordance with this Section. In any event, all existing rules of the District shall be reviewed by July 1, 2030.

Any new rule adopted after July 1, 2025, must be reviewed in the fifth year following adoption. Such review must be completed before the day that marks the sixth year since the adoption of the rule.

In conducting its rule review process, the District shall determine whether each rule:

Is a valid exercise of delegated legislative authority;
Has current statutory authority;
Reiterates or paraphrases statutory material;

Is in proper form;

Is consistent with expressed legislative intent pertaining to the specific provisions of law which the rule implements;

Requires a technical or substantive update to reflect current use; and
Requires updated references to statutory citations and incorporated materials.
By April 1 of each year in which a rule review is being undertaken, the District shall adopt a resolution evidencing the completion of rule review and authorizing one of the following actions relative to its rule review (the “Rule Review Resolution”):

If the District determines that no change is necessary, the District Rule Review Resolution shall include the following information:

A copy of the reviewed rule;

A written statement of its intended action; and

Its assessment of factors specified in Section 16(c) of this Rule.

If the District determines that one or more technical changes are necessary, the District Rule Review Resolution shall include the following information:

A copy of the reviewed rule and the recommended technical change or changes coded by underlining new text and striking through deleted text;

A written statement of its intended action;

Its assessment of the factors specified in Section 16(c) of this Rule; and

The facts and circumstances justifying the technical change or changes to the reviewed rule.

If the District determines that the rule requires a substantive change, the District shall promptly initiate rulemaking in accordance with this Rule to make all changes, including any technical changes, and the District Rule Review Resolution shall include the following information:
A copy of the reviewed rule;

The recommended change or changes coded by underlining new text and striking through deleted text;

A written statement of its intended action; and
Its assessment of factors specified in Section 16(c) of this Rule.
If the District determines that the rule should be repealed, the District shall promptly initiate the repeal the rule in accordance with this Rule, and the District Rule Review Resolution shall include the following information:

A written statement of its intended action; and

Its assessment of factors specified in subsection 16(c) of this Rule.

The rule review is completed upon the District’s adoption of the Rule Review Resolution and, if there is a substantive change or repeal of a rule approved the Board, the timely commencement of the rulemaking or rule repeal process set forth in this Rule. Promptly after completion of the rule review, the District shall publish a notice of the completed rule review (“Notice of Completed Rule Review”) in a newspaper of general circulation within the county or counties in which the District is located. The Notice of Completed Rule Review shall identify the action taken by the District with respect to the reviewed rule.

Rates, Fees, Rentals and Other Charges. All rates, fees, rentals, or other charges shall be subject to rulemaking proceedings.

Specific Authority: §§ 190.011(5), 190.011(15), 190.035, Fla. Stat.
Law Implemented: §§ 120.54, 120.542, 120.5435, 120.56, 120.81(2)(b), 190.011(5), 190.035(2), Fla. Stat.

Rule 3.0	Competitive Purchase.

Purpose and Scope.  In order to comply with Sections 190.033(1) through (3),
287.055 and 287.017 of the Florida Statutes, the following provisions shall apply to the purchase of Professional Services, insurance, construction contracts, design-build services, goods, supplies, and materials, Contractual Services, and maintenance services.

Board Authorization. Except in cases of an Emergency Purchase, a competitive purchase governed by these Rules shall only be undertaken after authorization by the Board.

Definitions.

“Competitive Solicitation” means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

“Continuing Contract” means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.
“Contractual Service” means the rendering by a contractor of its time and effort rather than the furnishing of specific commodities. The term applies only to those services rendered by individuals and firms who are independent contractors. Contractual Services do not include auditing services, Maintenance Services, or Professional Services as defined in Section 287.055(2)(a) of the Florida Statutes, and these Rules. Contractual Services also do not include any contract for the furnishing of labor or materials for the construction, renovation, repair, modification, or demolition of any facility, building, portion of building, utility, park, parking lot, or structure or other improvement to real property entered into pursuant to Chapter 255 of the Florida Statutes, and Rules 3.5 or 3.6.

“Design-Build Contract” means a single contract with a Design-Build Firm for the design and construction of a public construction project.

“Design-Build Firm” means a partnership, corporation or other legal entity that:

Is certified under Section 489.119 of the Florida Statutes, to engage in contracting through a certified or registered general contractor or a certified or registered building contractor as the qualifying agent; or

Is certified under Section 471.023 of the Florida Statutes, to practice or to offer to practice engineering; certified under Section 481.219 of the Florida Statutes, to practice or to offer to practice architecture; or certified under Section 481.319 of the Florida Statutes, to practice or to offer to practice landscape architecture.

“Design Criteria Package” means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design-Build Contract. The Design Criteria Package must specify performance-based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.
“Design Criteria Professional” means a firm who holds a current certificate of registration under Chapter 481 of the Florida Statutes, to practice architecture or landscape architecture, or a firm who holds a current certificate as a registered engineer under Chapter 471 of the Florida Statutes, to practice engineering, and who is employed by or under contract to the District to provide professional architect services, landscape architect services, or engineering services in connection with the preparation of the Design Criteria Package.

“Emergency Purchase” means a purchase necessitated by a sudden unexpected turn of events (for example, acts of God, riot, fires, floods, hurricanes, accidents, or any circumstances or cause beyond the control of the Board in the normal conduct of its business), where the Board finds that the delay incident to competitive purchase would be detrimental to the interests of the District. This includes, but is not limited to, instances where

the time to competitively award the project will jeopardize the funding for the project, will materially increase the cost of the project, or will create an undue hardship on the public health, safety, or welfare.

“Invitation to Bid” is a written solicitation for sealed bids with the title, date, and hour of the public bid opening designated specifically and defining the commodity or service involved. It includes printed instructions prescribing conditions for bidding, qualification, evaluation criteria, and provides for a manual signature of an authorized representative. It may include one or more bid alternates.

“Invitation to Negotiate” means a written solicitation for competitive sealed replies to select one or more vendors with which to commence negotiations for the procurement of commodities or services.

“Negotiate” means to conduct legitimate, arm’s length discussions and conferences to reach an agreement on a term or price.

“Professional Services” means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as defined by the laws of Florida, or those services performed by any architect, professional engineer, landscape architect, or registered surveyor and mapper, in connection with the firm’s or individual’s professional employment or practice.
“Proposal (or Reply or Response) Most Advantageous to the District” means, as determined in the sole discretion of the Board, the proposal, reply, or response that is:

Submitted by a person or firm capable and qualified in all respects to perform fully the contract requirements, who has the integrity and reliability to assure good faith performance;

The most responsive to the Request for Proposals, Invitation to Negotiate, or Competitive Solicitation as determined by the Board; and
For a cost to the District deemed by the Board to be reasonable.

“Purchase” means acquisition by sale, rent, lease, lease/purchase, or installment sale. It does not include transfer, sale, or exchange of goods, supplies, or materials between the District and any federal, state, regional or local governmental entity or political subdivision of the State of Florida.

“Request for Proposals” or “RFP” is a written solicitation for sealed proposals with the title, date, and hour of the public opening designated and

requiring the manual signature of an authorized representative. It may provide general information, applicable laws and rules, statement of work, functional or general specifications, qualifications, proposal instructions, work detail analysis, and evaluation criteria as necessary.

“Responsive and Responsible Bidder” means an entity or individual that has submitted a bid that conforms in all material respects to the Invitation to Bid and has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance. “Responsive and Responsible Vendor” means an entity or individual that has submitted a proposal, reply, or response that conforms in all material respects to the Request for Proposals, Invitation to Negotiate, or Competitive Solicitation and has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance. In determining whether an entity or individual is a Responsive and Responsible Bidder (or Vendor), the District may consider, in addition to factors described in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, the following:

The ability and adequacy of the professional personnel employed by the entity/individual;
The past performance of the entity/individual for the District and in other professional employment;
The willingness of the entity/individual to meet time and budget requirements;

The geographic location of the entity’s/individual’s headquarters or office in relation to the project;

The	recent,	current,	and	projected	workloads	of	the entity/individual;
The volume of work previously awarded to the entity/individual;
Whether the cost components of the bid or proposal are appropriately balanced; and
Whether the entity/individual is a certified minority business enterprise.

“Responsive Bid,” “Responsive Proposal,” “Responsive Reply,” and “Responsive Response” all mean a bid, proposal, reply, or response which conforms in all material respects to the specifications and conditions in the

Invitation to Bid, Request for Proposals, Invitations to Negotiate, or Competitive Solicitation document and these Rules, and the cost components of which, if any, are appropriately balanced. A bid, proposal, reply or response is not responsive if the person or firm submitting it fails to meet any material requirement relating to the qualifications, financial stability, or licensing of the bidder.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 190.033, 255.20, 287.055, Fla. Stat.

Rule 3.1	Procedure Under the Consultants’ Competitive Negotiations Act.

Scope. The following procedures are adopted for the selection of firms or individuals to provide Professional Services exceeding the thresholds herein described, for the negotiation of such contracts, and to provide for protest of actions of the Board under this Rule. As used in this Rule, “Project” means that fixed capital outlay study or planning activity when basic construction cost is estimated by the District to exceed the threshold amount provided in Section 287.017 of the Florida Statutes, for CATEGORY FIVE, or for a planning study activity when the fee for Professional Services is estimated by the District to exceed the threshold amount provided in Section 287.017 for CATEGORY TWO, as such categories may be amended or adjusted from time to time.

Qualifying Procedures. In order to be eligible to provide Professional Services to the District, a consultant must, at the time of receipt of the firm’s qualification submittal:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the consultant is a corporation; and
Meet any qualification requirements set forth in the District’s Request for Qualifications.

Evidence of compliance with this Rule may be submitted with the qualifications, if requested by the District. In addition, evidence of compliance must be submitted any time requested by the District.

Public Announcement. Except in cases of valid public emergencies as certified by the Board, the District shall announce each occasion when Professional Services are required for a Project or a Continuing Contract by publishing a notice providing a general description of the Project, or the nature of the Continuing Contract, and the method for interested consultants to apply for consideration. The notice shall appear in at least one (1) newspaper of general circulation within the county or counties in which the District is located and in such other places as the District deems appropriate. The notice must allow at least fourteen (14) days for submittal of qualifications from the date of publication. The District may maintain lists of consultants interested in receiving such notices. These consultants are encouraged to submit annually statements of qualifications and performance data. The District shall make reasonable efforts to provide copies of any notices to such consultants, but the failure to do so shall not give such consultants any bid protest or other rights or otherwise disqualify any otherwise valid procurement process. The Board has

the right to reject any and all qualifications, and such reservation shall be included in the published notice. Consultants not receiving a contract award shall not be entitled to recover from the District any costs of qualification package preparation or submittal.

Competitive Selection.

The Board shall review and evaluate the data submitted in response to the notice described in section (3) of this Rule regarding qualifications and performance ability, as well as any statements of qualifications on file. The Board shall conduct discussions with, and may require public presentation by consultants regarding their qualifications, approach to the Project, and ability to furnish the required services. The Board shall then select and list the consultants, in order of preference, deemed to be the most highly capable and qualified to perform the required Professional Services, after considering these and other appropriate criteria:

The ability and adequacy of the professional personnel employed by each consultant;

Whether a consultant is a certified minority business enterprise;
Each consultant’s past performance;
The willingness of each consultant to meet time and budget requirements;
The geographic location of each consultant’s headquarters, office and personnel in relation to the project;

The recent, current, and projected workloads of each consultant; and

The volume of work previously awarded to each consultant by the District.
Nothing in these Rules shall prevent the District from evaluating and eventually selecting a consultant if less than three (3) Responsive qualification packages, including packages indicating a desire not to provide Professional Services on a given Project, are received.
If the selection process is administered by any person or committee other than the full Board, the selection made will be presented to the full Board with a recommendation that competitive negotiations be instituted with the selected firms in order of preference listed.

Notice of the rankings adopted by the Board, including the rejection of some or all qualification packages, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Request for Qualifications. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s ranking decisions under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

Competitive Negotiation.

After the Board has authorized the beginning of competitive negotiations, the District may begin such negotiations with the firm listed as most qualified to perform the required Professional Services at a rate or amount of compensation which the Board determines is fair, competitive, and reasonable.

In negotiating a lump-sum or cost-plus-a-fixed-fee professional contract for more than the threshold amount provided in Section 287.017 of the Florida Statutes, for CATEGORY FOUR, the firm receiving the award shall be required to execute a truth-in-negotiation certificate stating that “wage rates and other factual unit costs supporting the compensation are accurate, complete and current at the time of contracting.” In addition, any professional service contract under which such a certificate is required, shall contain a provision that “the original contract price and any additions thereto, shall be adjusted to exclude any significant sums by which the Board determines the contract price was increased due to inaccurate, incomplete, or noncurrent wage rates and other factual unit costs.”
Should the District be unable to negotiate a satisfactory agreement with the firm determined to be the most qualified at a price deemed by the District to be fair, competitive, and reasonable, then negotiations with that firm shall be terminated and the District shall immediately begin negotiations with the second most qualified firm. If a satisfactory agreement with the second firm cannot be reached, those negotiations shall be terminated and negotiations with the third most qualified firm shall be undertaken.

Should the District be unable to negotiate a satisfactory agreement with one of the top three (3) ranked consultants, additional firms shall be selected by the District, in order of their competence and qualifications. Negotiations shall continue, beginning with the first-named firm on the list, until an agreement is reached or the list of firms is exhausted.

Contracts; Public Records. In accordance with Florida law, each contract entered into pursuant to this Rule shall include provisions required by law that require the contractor to comply with public records laws.

Continuing Contract. Nothing in this Rule shall prohibit a Continuing Contract between a consultant and the District.

Emergency Purchase. The District may make an Emergency Purchase without complying with these Rules. The fact that an Emergency Purchase has occurred or is necessary shall be noted in the minutes of the next Board meeting.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 119.0701, 190.011(3), 190.033, 287.055, Fla. Stat.

Rule 3.2	Procedure Regarding Auditor Selection.

In order to comply with the requirements of Section 218.391 of the Florida Statutes, the following procedures are outlined for selection of firms or individuals to provide Auditing Services and for the negotiation of such contracts. “Auditing Services” means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy. For audits required under Chapter 190 of the Florida Statutes but not meeting the thresholds of Chapter 218 of the Florida Statutes, the District need not follow these procedures but may proceed with the selection of a firm or individual to provide Auditing Services and for the negotiation of such contracts in the manner the Board determines is in the best interests of the District.

Establishment of Auditor Selection Committee. Prior to a public announcement under section (3) of this Rule that Auditing Services are required, the Board shall establish an auditor selection committee (“Committee”), the primary purpose of which is to assist the Board in selecting an auditor to conduct the annual financial audit required by Section 218.39 of the Florida Statutes. The Committee shall include at least three individuals, at least one of which must also be a member of the Board. The establishment and selection of the Committee must be conducted at a publicly noticed and held meeting of the Board. The Chairperson of the Committee must be a member of the Board. An employee, a chief executive officer, or a chief financial officer of the District may not serve as a member of the Committee; provided however such individual may serve the Committee in an advisory capacity.
Establishment of Minimum Qualifications and Evaluation Criteria. Prior to a public announcement under section (3) of this Rule that Auditing Services are required, the Committee shall meet at a publicly noticed meeting to establish minimum qualifications and factors to use for the evaluation of Auditing Services to be provided by a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

Minimum Qualifications. In order to be eligible to submit a proposal, a firm must, at all relevant times including the time of receipt of the proposal by the District:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the proposer is a corporation; and

Meet any pre-qualification requirements established by the Committee and set forth in the RFP or other specifications.

If requested in the RFP or other specifications, evidence of compliance with the minimum qualifications as established by the Committee must be submitted with the proposal.

Evaluation Criteria. The factors established for the evaluation of Auditing Services by the Committee shall include, but are not limited to:

Ability of personnel;

Experience;

Ability to furnish the required services; and

Such other factors as may be determined by the Committee to be applicable to its particular requirements.

The Committee may also choose to consider compensation as a factor. If the Committee establishes compensation as one of the factors, compensation shall not be the sole or predominant factor used to evaluate proposals.

Public Announcement. After identifying the factors to be used in evaluating the proposals for Auditing Services as set forth in section (2) of this Rule, the Committee shall publicly announce the opportunity to provide Auditing Services. Such public announcement shall include a brief description of the audit and how interested firms can apply for consideration and obtain the RFP. The notice shall appear in at least one (1) newspaper of general circulation within the county or counties in which the District is located. The public announcement shall allow for at least seven (7) days for the submission of proposals.

Request for Proposals. The Committee shall provide interested firms with a Request for Proposals (“RFP”). The RFP shall provide information on how proposals are to be evaluated and such other information the Committee determines is necessary for the firm to prepare a proposal. The RFP shall state the time and place for submitting proposals, which may be submitted either electronically or via hard copy as determined by the District and provided for in the RFP. For the avoidance of doubt, the Proposals shall not be required to be publicly opened at the date, time, and place provided for in the RFP relative to the submission of Proposals.

Committee’s Evaluation of Proposals and Recommendation. The Committee shall meet at a publicly held meeting that is publicly noticed for a reasonable time in advance of the meeting to evaluate all qualified proposals and may, as part of the evaluation, require that each interested firm provide a public presentation where the Committee may conduct discussions with the firm, and where the firm may present information, regarding the firm’s qualifications. At the public meeting, the Committee shall rank and recommend in order of preference no fewer than three firms deemed to be the most highly qualified to perform the required services after considering the factors established pursuant to subsection (2)(b) of this Rule. If fewer than three firms respond to the RFP or if no firms respond to the RFP, the Committee shall recommend such firm as it deems to be the most highly qualified. Notwithstanding the foregoing, the Committee may recommend that any and all proposals be rejected.

Board Selection of Auditor.

Where compensation was not selected as a factor used in evaluating the proposals, the Board shall negotiate with the firm ranked first and inquire of that firm as to the basis of compensation. If the Board is unable to negotiate a satisfactory agreement with the first ranked firm at a price deemed by the Board to be fair, competitive, and reasonable, then negotiations with that firm shall be terminated and the Board shall immediately begin negotiations with the second ranked firm. If a satisfactory agreement with the second ranked firm cannot be reached, those negotiations shall be terminated and negotiations with the third ranked firm shall be undertaken. The Board may reopen formal negotiations with any one of the three top-ranked firms, but it may not negotiate with more than one firm at a time. If the Board is unable to negotiate a satisfactory agreement with any of the selected firms, the Committee shall recommend additional firms in order of the firms’ respective competence and qualifications. Negotiations shall continue, beginning with the first-named firm on the list, until an agreement is reached or the list of firms is exhausted.
Where compensation was selected as a factor used in evaluating the proposals, the Board shall select the highest-ranked qualified firm or document in its public records the reason for not selecting the highest-ranked qualified firm.

In negotiations with firms under this Rule, the Board may allow the District Manager, District Counsel, or other designee to conduct negotiations on its behalf.

Notwithstanding the foregoing, the Board may reject any or all proposals. The Board shall not consider any proposal, or enter into any contract for Auditing Services, unless the proposed agreed-upon compensation is

reasonable to satisfy the requirements of Section 218.39 of the Florida Statutes, and the needs of the District.

Contract. Any agreement reached under this Rule shall be evidenced by a written contract, which may take the form of an engagement letter signed and executed by both parties. The written contract shall include all provisions and conditions of the procurement of such services and shall include, at a minimum, the following:

A provision specifying the services to be provided and fees or other compensation for such services;

A provision requiring that invoices for fees or other compensation be submitted in sufficient detail to demonstrate compliance with the terms of the contract;

A provision setting forth deadlines for the auditor to submit a preliminary draft audit report to the District for review and to submit a final audit report no later than June 30 of the fiscal year that follows the fiscal year for which the audit is being conducted;

A provision specifying the contract period, including renewals, and conditions under which the contract may be terminated or renewed. The maximum contract period including renewals shall be five (5) years. A renewal may be done without the use of the auditor selection procedures provided in this Rule but must be in writing.
Provisions required by law that require the auditor to comply with public records laws.

Notice of Award. Once a negotiated agreement with a firm or individual is reached, or the Board authorizes the execution of an agreement with a firm where compensation was a factor in the evaluation of proposals, notice of the intent to award, including the rejection of some or all proposals, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the RFP. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests regarding the award of contracts under this Rule shall be as provided for in Rule 3.11. No proposer shall be entitled to recover any costs of proposal preparation or submittal from the District.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 119.0701, 218.33, 218.391, Fla. Stat.

Rule 3.3	Purchase of Insurance.

Scope. The purchases of life, health, accident, hospitalization, legal expense, or annuity insurance, or all of any kinds of such insurance for the officers and employees of the District, and for health, accident, hospitalization, and legal expenses upon a group insurance plan by the District, shall be governed by this Rule. This Rule does not apply to the purchase of any other type of insurance by the District, including but not limited to liability insurance, property insurance, and directors and officers insurance. Nothing in this Rule shall require the District to purchase insurance.

Procedure. For a purchase of insurance within the scope of these Rules, the following procedure shall be followed:

The Board shall cause to be prepared a Notice of Invitation to Bid.

Notice of the Invitation to Bid shall be advertised at least once in a newspaper of general circulation within the county or counties in which the District is located. The notice shall allow at least fourteen (14) days for submittal of bids.

The District may maintain a list of persons interested in receiving notices of Invitations to Bid. The District shall make reasonable efforts to provide copies of any notices to such persons, but the failure to do so shall not give such consultants any bid protest or other rights or otherwise disqualify any otherwise valid procurement process.
Bids shall be opened at the time and place noted in the Invitation to Bid.

If only one (1) response to an Invitation is received, the District may proceed with the purchase. If no response to an Invitation to Bid is received, the District may take whatever steps are reasonably necessary in order to proceed with the purchase.

The Board has the right to reject any and all bids and such reservations shall be included in all solicitations and advertisements.
Simultaneously with the review of the submitted bids, the District may undertake negotiations with those companies that have submitted reasonable and timely bids and, in the opinion of the District, are fully qualified and capable of meeting all services and requirements. Bid responses shall be evaluated in accordance with the specifications and criteria contained in the Invitation to Bid; in addition, the total cost to the District, the cost, if any, to the District officers, employees, or their dependents, the geographic location of the company’s headquarters and offices in relation to the District, and the ability of the company to guarantee

premium stability may be considered. A contract to purchase insurance shall be awarded to that company whose response to the Invitation to Bid best meets the overall needs of the District, its officers, employees, and/or dependents.

Notice of the intent to award, including rejection of some or all bids, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Invitation to Bid. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s procurement of insurance under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: § 112.08, Fla. Stat.

Rule 3.4	Pre-qualification

Scope. In its discretion, the District may undertake a pre-qualification process in accordance with this Rule for vendors to provide construction services, goods, supplies, and materials, Contractual Services, and maintenance services.

Procedure. When the District seeks to pre-qualify vendors, the following procedures shall apply:

The Board shall cause to be prepared a Request for Qualifications.

For construction services exceeding the thresholds described in Section
255.20 of the Florida Statutes, the Board must advertise the proposed pre-qualification criteria and procedures and allow at least seven (7) days’ notice of the public hearing for comments on such pre-qualification criteria and procedures. At such public hearing, potential vendors may object to such pre-qualification criteria and procedures. Following such public hearing, the Board shall formally adopt pre-qualification criteria and procedures prior to the advertisement of the Request for Qualifications for construction services.

The Request for Qualifications shall be advertised at least once in a newspaper of general circulation within the county or counties in which the project is located. The notice shall allow at least seven (7) days for submittal of qualifications for goods, supplies and materials, Contractual Services, maintenance services, and construction services under two hundred fifty thousand dollars ($250,000). The notice shall allow at least twenty-one (21) days for submittal of qualifications for construction services estimated to cost over two hundred fifty thousand dollars ($250,000) and thirty (30) days for construction services estimated to cost over five hundred thousand dollars ($500,000).
The District may maintain lists of persons interested in receiving notices of Requests for Qualifications. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice shall not invalidate any pre-qualification determination or contract awarded in accordance with these Rules and shall not be a basis for a protest of any pre-qualification determination or contract award.

If the District has pre-qualified vendors for a particular category of purchase, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies or responses in response to the applicable Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

In order to be eligible to submit qualifications, a firm or individual must, at the time of receipt of the qualifications:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the vendor is a corporation; and

Meet any special pre-qualification requirements set forth in the Request for Qualifications.

Evidence of compliance with these Rules must be submitted with the qualifications if required by the District. Failure to submit evidence of compliance when required may be grounds for rejection of the qualifications.

Qualifications shall be presented to the Board, or a committee appointed by the Board, for evaluation in accordance with the Request for Qualifications and this Rule. Minor variations in the qualifications may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature.
All vendors determined by the District to meet the pre-qualification requirements shall be pre-qualified. To assure full understanding of the responsiveness to the requirements contained in a Request for Qualifications, discussions may be conducted with qualified vendors. Vendors shall be accorded fair treatment prior to the submittal date with respect to any opportunity for discussion and revision of qualifications. For construction services, any contractor pre-qualified and considered eligible by the Department of Transportation to bid to perform the type of work the project entails shall be presumed to be qualified to perform the project.

The Board shall have the right to reject all qualifications if there are not enough to be competitive or if rejection is determined to be in the best interest of the District. No vendor shall be entitled to recover any costs of qualification preparation or submittal from the District.

If the selection process is administered by any person or committee other than the full Board, the selection made will be presented to the full Board with a recommendation that competitive negotiations be instituted with the selected firms in order of preference listed.

Notice of intent to pre-qualify, including rejection of some or all qualifications, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Request for Qualifications. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s pre-qualification decisions under this Rule shall be in accordance with the procedures set forth in Rule
3.11; provided however, protests related to the pre-qualification criteria and procedures for construction services shall be resolved in accordance with section (2)(b) of this Rule and Section 255.20(1)(b) of the Florida Statutes.

Suspension, Revocation, or Denial of Qualification
The District, for good cause, may deny, suspend, or revoke a prequalified vendor’s pre-qualified status. A suspension, revocation, or denial for good cause shall prohibit the vendor from bidding on any District construction contract for which qualification is required, shall constitute a determination of non-responsibility to bid on any other District construction or maintenance contract, and shall prohibit the vendor from acting as a material supplier or subcontractor on any District contract or project during the period of suspension, revocation, or denial. Good cause shall include the following:
One of the circumstances specified under Section 337.16(2), Fla. Stat., has occurred.

Affiliated contractors submitted more than one proposal for the same work. In this event the pre-qualified status of all of the affiliated bidders will be revoked, suspended, or denied. All bids of affiliated bidders will be rejected.

The vendor made or submitted false, deceptive, or fraudulent statements, certifications, or materials in any claim for payment or any information required by any District contract.

The vendor or its affiliate defaulted on any contract or a contract surety assumed control of financial responsibility for any contract of the vendor.

The vendor’s qualification to bid is suspended, revoked, or denied by any other public or semi-public entity, or the vendor has been the

subject of a civil enforcement proceeding or settlement involving a public or semi-public entity.

The vendor failed to comply with contract or warranty requirements or failed to follow District direction in the performance of a contract.

The vendor failed to timely furnish all contract documents required by the contract specifications, special provisions, or by any state or federal statutes or regulations. If the vendor fails to furnish any of the subject contract documents by the expiration of the period of suspension, revocation, or denial set forth above, the vendor’s pre-qualified status shall remain suspended, revoked, or denied until the documents are furnished.

The vendor failed to notify the District within 10 days of the vendor, or any of its affiliates, being declared in default or otherwise not completing work on a contract or being suspended from qualification to bid or denied qualification to bid by any other public or semi-public agency.

The vendor did not pay its subcontractors or suppliers in a timely manner or in compliance with contract documents.
The vendor has demonstrated instances of poor or unsatisfactory performance, deficient management resulting in project delay, poor quality workmanship, a history of payment of liquidated damages, untimely completion of projects, uncooperative attitude, contract litigation, inflated claims or defaults.
An affiliate of the vendor has previously been determined by the District to be non-responsible, and the specified period of suspension, revocation, denial, or non-responsibility remains in effect.

The vendor or affiliate(s) has been convicted of a contract crime.
The term “contract crime” means any violation of state or federal antitrust laws with respect to a public contract or any violation of any state or federal law involving fraud, bribery, collusion, conspiracy, or material misrepresentation with respect to a public contract.

The term “convicted” or “conviction” means a finding of guilt or a conviction of a contract crime, with or without an adjudication of guilt, in any federal or state trial court of

record as a result of a jury verdict, nonjury trial, or entry of a plea of guilty or nolo contendere.

A denial, suspension, or revocation shall prohibit the vendor from being a subcontractor on District work during the period of denial, suspension, or revocation, except when a prime contractor’s bid has used prices of a subcontractor who becomes disqualified after the bid, but before the request for authorization to sublet is presented.
The District shall inform the vendor in writing of its intent to deny, suspend, or revoke its pre-qualified status and inform the vendor of its right to a hearing, the procedure which must be followed, and the applicable time limits. If a hearing is requested within 10 days after the receipt of the notice of intent, the hearing shall be held within 30 days after receipt by the District of the request for the hearing. The decision shall be issued within 15 days after the hearing.
Such suspension or revocation shall not affect the vendor’s obligations under any preexisting contract.
In the case of contract crimes, the vendor’s pre-qualified status under this Rule shall be revoked indefinitely. For all violations of Rule 3.4(3)(a) other than for the vendor’s conviction for contract crimes, the revocation, denial, or suspension of a vendor’s pre-qualified status under this Rule shall be for a specific period of time based on the seriousness of the deficiency.
Examples of factors affecting the seriousness of a deficiency are:
Impacts on project schedule, cost, or quality of work;
Unsafe conditions allowed to exist;
Complaints from the public;
Delay or interference with the bidding process;
The potential for repetition;
Integrity of the public contracting process;
Effect on the health, safety, and welfare of the public.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 190.033, 255.0525, 255.20, Fla. Stat.

Rule 3.5	Construction Contracts, Not Design-Build.

Scope. All contracts for the construction or improvement of any building, structure, or other public construction works authorized by Chapter 190 of the Florida Statutes, the costs of which are estimated by the District in accordance with generally accepted cost accounting principles to be in excess of the threshold amount for applicability of Section 255.20 of the Florida Statutes, as that amount may be indexed or amended from time to time, shall be let under the terms of these Rules and the procedures of Section 255.20 of the Florida Statutes, as the same may be amended from time to time. A project shall not be divided solely to avoid the threshold bidding requirements.

Procedure. When a purchase of construction services is within the scope of this Rule, the following procedures shall apply:

The Board shall cause to be prepared an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

Notice of the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be advertised at least once in a newspaper of general circulation within the county or counties in which the District is located. The notice shall also include the amount of the bid bond, if one is required. The notice shall allow at least twenty-one (21) days for submittal of sealed bids, proposals, replies, or responses, unless the Board, for good cause, determines a shorter period of time is appropriate. Any project projected to cost more than five hundred thousand dollars ($500,000) must be noticed at least thirty (30) days prior to the date for submittal of bids, proposals, replies, or responses. If the Board has previously pre-qualified contractors pursuant to Rule 3.4 and determined that only the contractors that have been pre-qualified will be permitted to submit bids, proposals, replies, and responses, the Notice of Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation need not be published. Instead, the Notice of Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be sent to the pre-qualified contractors by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service.

The District may maintain lists of persons interested in receiving notices of Invitations to Bid, Requests for Proposals, Invitations to Negotiate, and Competitive Solicitations. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, or to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice shall not invalidate any contract awarded in accordance with this Rule and shall not be a basis for a protest of any contract award.

If the District has pre-qualified providers of construction services, then, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies, or responses to Invitations to Bid, Requests for Proposals, Invitations to Negotiate, and Competitive Solicitations.

In order to be eligible to submit a bid, proposal, reply, or response, a firm or individual must, at the time of receipt of the bids, proposals, replies, or responses:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the bidder is a corporation; and

Meet any special pre-qualification requirements set forth in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.
Any contractor that has been found guilty by a court of any violation of federal labor or employment tax laws regarding subjects including but not limited to, reemployment assistance, safety, tax withholding, worker’s compensation, unemployment tax, social security and Medicare tax, wage or hour, or prevailing rate laws within the past 5 years may be considered ineligible by the District to submit a bid, response, or proposal for a District project.

Evidence of compliance with these Rules must be submitted with the bid, proposal, reply, or response, if required by the District. Failure to submit evidence of compliance when required may be grounds for rejection of the bid, proposal, reply, or response.
Bids, proposals, replies, and responses, or the portions of which that include the price, shall be publicly opened at a meeting noticed in accordance with Rule 1.3, and at which at least one district representative is present. The name of each bidder and the price submitted in the bid shall be announced at such meeting and shall be made available upon request. Minutes should be taken at the meeting and maintained by the District. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or

Competitive Solicitation and these Rules. Minor variations in the bids, proposals, replies, or responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.

The lowest Responsive Bid submitted by a Responsive and Responsible Bidder in response to an Invitation to Bid shall be accepted. In relation to a Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, the Board shall select the Responsive Proposal, Reply, or Response submitted by a Responsive and Responsible Vendor which is most advantageous to the District. To assure full understanding of the responsiveness to the solicitation requirements contained in a Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, discussions may be conducted with qualified vendors. Vendors shall be accorded fair treatment prior to the submittal date with respect to any opportunity for discussion, preparation, and revision of bids, proposals, replies, and responses.

The Board shall have the right to reject all bids, proposals, replies, or responses because they exceed the amount of funds budgeted for the purchase, if there are not enough to be competitive, or if rejection is determined to be in the best interest of the District. No contractor shall be entitled to recover any costs of bid, proposal, response, or reply preparation or submittal from the District.
The Board may require potential contractors to furnish bid bonds, performance bonds, and/or other bonds with a responsible surety to be approved by the Board.
If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase construction services or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of construction services, in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the construction services without further competitive selection processes.

If the selection process is administered by any person or committee other than the full Board, the selection made will be presented to the full Board

with a recommendation that competitive negotiations be instituted with the selected firms in order of preference listed.

Notice of intent to award, including rejection of some or all bids, proposals, replies, or responses, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s purchase of construction services under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

Sole Source; Government. Construction services that are only available from a single source are exempt from this Rule. Construction services provided by governmental agencies are exempt from this Rule. This Rule shall not apply to the purchase of construction services, which may include goods, supplies, or materials, that are purchased under a federal, state, or local government contract that has been competitively procured by such federal, state, or local government in a manner consistent with the material procurement requirements of these Rules. A contract for construction services is exempt from this Rule if state or federal law prescribes with whom the District must contract or if the rate of payment is established during the appropriation process.
Contracts; Public Records. In accordance with Florida law, each contract entered into pursuant to this Rule shall include provisions required by law that require the contractor to comply with public records laws.

Emergency Purchases. The District may make an Emergency Purchase without complying with these rules. The fact that an Emergency Purchase has occurred or is necessary shall be noted in the minutes of the next Board Meeting.
Exceptions. This Rule is inapplicable when:
The project is undertaken as repair or maintenance of an existing public facility;

The funding source of the project will be diminished or lost because the time required to competitively award the project after the funds become available exceeds the time within which the funding source must be spent;

The District has competitively awarded a project and the contractor has abandoned the project or the District has terminated the contract; or

The District, after public notice, conducts a public meeting under Section
286.011 of the Florida Statutes, and finds by a majority vote of the Board that it is in the public’s best interest to perform the project using its own services, employees, and equipment.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 119.0701, 189.053, 190.033, 255.0518, 255.0525, 255.20, 287.055, Fla. Stat.

Rule 3.6	Construction Contracts, Design-Build.

Scope. The District may utilize Design-Build Contracts for any public construction project for which the Board determines that use of such contract is in the best interest of the District. When letting a Design-Build Contract, the District shall use the following procedure:

Procedure.

The District shall utilize a Design Criteria Professional meeting the requirements of Section 287.055(2)(k) of the Florida Statutes, when developing a Design Criteria Package, evaluating the proposals and qualifications submitted by Design-Build Firms, and determining compliance of the project construction with the Design Criteria Package. The Design Criteria Professional may be an employee of the District, may be the District Engineer selected by the District pursuant to Section 287.055 of the Florida Statutes, or may be retained pursuant to Rule 3.1. The Design Criteria Professional is not eligible to render services under a Design-Build Contract executed pursuant to the Design Criteria Package.

A Design Criteria Package for the construction project shall be prepared and sealed by the Design Criteria Professional. If the project utilizes existing plans, the Design Criteria Professional shall create a Design Criteria Package by supplementing the plans with project specific requirements, if any.
The Board may either choose to award the Design-Build Contract pursuant to the competitive proposal selection process set forth in Section 287.055(9) of the Florida Statutes, or pursuant to the qualifications-based selection process pursuant to Rule 3.1.

Qualifications-Based Selection. If the process set forth in Rule 3.1 is utilized, subsequent to competitive negotiations, a guaranteed maximum price and guaranteed completion date shall be established.
Competitive Proposal-Based Selection. If the competitive proposal selection process is utilized, the Board, in consultation with the Design Criteria Professional, shall establish the criteria, standards and procedures for the evaluation of Design-Build Proposals based on price, technical, and design aspects of the project, weighted for the project. After a Design Criteria Package and the standards and procedures for evaluation of proposals have been developed, competitive proposals from qualified firms shall be solicited pursuant to the design criteria by the following procedure:

A Request for Proposals shall be advertised at least once in a newspaper of general circulation within the county in which the project is located. The notice shall allow at least twenty-one (21) days for submittal of sealed proposals, unless the Board, for good cause, determines a shorter period of time is appropriate. Any project projected to cost more than five hundred thousand dollars ($500,000) must be noticed at least thirty (30) days prior to the date for submittal of proposals.

The District may maintain lists of persons interested in receiving notices of Requests for Proposals. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice shall not invalidate any contract awarded in accordance with this Rule and shall not be a basis for a protest of any contract award.

In order to be eligible to submit a proposal, a firm must, at the time of receipt of the proposals:
Hold the required applicable state professional licenses in good standing, as defined by Section 287.055(2)(h) of the Florida Statutes;
Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the proposer is a corporation;

Meet any special pre-qualification requirements set forth in the Request for Proposals and Design Criteria Package.

Any contractor that has been found guilty by a court of any violation of federal labor or employment tax laws regarding subjects including but not limited to reemployment assistance, safety, tax withholding, worker’s compensation, unemployment tax, social security and Medicare tax, wage or hour, or prevailing rate laws within the past 5 years may

be considered ineligible by the District to submit a bid, response, or proposal for a District project.

Evidence of compliance with these Rules must be submitted with the proposal if required by the District. Failure to submit evidence of compliance when required may be grounds for rejection of the proposal.

The proposals, or the portions of which that include the price, shall be publicly opened at a meeting noticed in accordance with Rule 1.3, and at which at least one district representative is present. The name of each bidder and the price submitted in the bid shall be announced at such meeting and shall be made available upon request. Minutes should be taken at the meeting and maintained by the District. In consultation with the Design Criteria Professional, the Board shall evaluate the proposals received based on evaluation criteria and procedures established prior to the solicitation of proposals, including but not limited to qualifications, availability, and past work of the firms and the partners and members thereof. The Board shall then select no fewer than three (3) Design-Build Firms as the most qualified.

The Board shall have the right to reject all proposals if the proposals are too high, or rejection is determined to be in the best interest of the District. No vendor shall be entitled to recover any costs of proposal preparation or submittal from the District.
If less than three (3) Responsive Proposals are received, the District may purchase design-build services or may reject the proposals for lack of competitiveness. If no Responsive Proposals are received, the District may proceed with the procurement of design-build services in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the design-build services without further competitive selection processes.

Notice of the rankings adopted by the Board, including the rejection of some or all proposals, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of

the Board meeting where the proposals were evaluated if so provided for in the Design Criteria Package. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s rankings under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

The Board shall negotiate a contract with the firm ranking the highest based on the evaluation standards and shall establish a price which the Board determines is fair, competitive and reasonable. Should the Board be unable to negotiate a satisfactory contract with the firm considered to be the most qualified at a price considered by the Board to be fair, competitive, and reasonable, negotiations with that firm must be terminated. The Board shall then undertake negotiations with the second most qualified firm, based on the ranking by the evaluation standards. Should the Board be unable to negotiate a satisfactory contract with the firm considered to be the second most qualified at a price considered by the Board to be fair, competitive, and reasonable, negotiations with that firm must be terminated. The Board shall then undertake negotiations with the third most qualified firm. Should the Board be unable to negotiate a satisfactory contract with the firm considered to be the third most qualified at a price considered by the Board to be fair, competitive, and reasonable, negotiations with that firm must be terminated. Should the Board be unable to negotiate a satisfactory contract with any of the selected firms, the Board shall select additional firms in order of their rankings based on the evaluation standards and continue negotiations until an agreement is reached or the list of firms is exhausted.
After the Board contracts with a firm, the firm shall bring to the Board for approval, detailed working drawings of the project.

The Design Criteria Professional shall evaluate the compliance of the detailed working drawings and project construction with the Design Criteria Package and shall provide the Board with a report of the same.

Contracts; Public Records. In accordance with Florida law, each contract entered into pursuant to this Rule shall include provisions required by law that require the contractor to comply with public records laws.

Emergency Purchase. The Board may, in case of public emergency, declare an emergency and immediately proceed with negotiations with the best qualified Design-Build Firm available at the time. The fact that an Emergency Purchase has occurred shall be noted in the minutes of the next Board meeting.

Exceptions. This Rule is inapplicable when:

The project is undertaken as repair or maintenance of an existing public facility;

The funding source of the project will be diminished or lost because the time required to competitively award the project after the funds become available exceeds the time within which the funding source must be spent;

The District has competitively awarded a project and the contractor has abandoned the project or the District has terminated the contractor; or

The District, after public notice, conducts a public meeting under Section
286.011 of the Florida Statutes, and finds by a majority vote of the Board that it is in the public’s best interest to perform the project using its own services, employees, and equipment.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 119.0701, 189.053, 190.033, 255.0518, 255.0525, 255.20, 287.055, Fla. Stat.

Rule 3.7	Payment and Performance Bonds.

Scope. This Rule shall apply to contracts for the construction of a public building, for the prosecution and completion of a public work, or for repairs upon a public building or public work and shall be construed in addition to terms prescribed by any other Rule that may also apply to such contracts.

Required Bond. Upon entering into a contract for any of the services described in section (1) of this Rule in excess of $200,000, the Board shall require that the contractor, before commencing the work, execute and record a payment and performance bond, or other acceptable surety, in an amount equal to the contract price. Notwithstanding the terms of the contract or any other law, the District may not make payment to the contractor until the contractor has provided to the District a certified copy of the recorded bond.

Discretionary Bond. At the discretion of the Board, upon entering into a contract for any of the services described in section (1) of this Rule for an amount not exceeding $200,000, the contractor may be exempted from executing a payment and performance bond.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: § 255.05, Fla. Stat.

Rule 3.8	Goods, Supplies, and Materials.

Purpose and Scope. All purchases of goods, supplies, or materials exceeding the amount provided in Section 287.017 of the Florida Statutes, for CATEGORY FOUR, shall be purchased under the terms of this Rule. Contracts for purchases of “goods, supplies, and materials” do not include printing, insurance, advertising, or legal notices. A contract involving goods, supplies, or materials plus maintenance services may, in the discretion of the Board, be treated as a contract for maintenance services. However, a purchase shall not be divided solely in order to avoid the threshold bidding requirements.

Procedure. When a purchase of goods, supplies, or materials is within the scope of this Rule, the following procedures shall apply:

The Board shall cause to be prepared an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

Notice of the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be advertised at least once in a newspaper of general circulation within the District and within the county or counties in which the District is located. The notice shall also include the amount of the bid bond, if one is required. The notice shall allow at least seven (7) days for submittal of bids, proposals, replies, or responses.

The District may maintain lists of persons interested in receiving notices of Invitations to Bid, Requests for Proposals, Invitations to Negotiate, or Competitive Solicitations. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice shall not invalidate any contract awarded in accordance with this Rule and shall not be a basis for a protest of any contract award.
If the District has pre-qualified suppliers of goods, supplies, and materials, then, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies, or responses.
In order to be eligible to submit a bid, proposal, reply, or response, a firm or individual must, at the time of receipt of the bids, proposals, replies, or responses:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the vendor is a corporation; and

Meet any special pre-qualification requirements set forth in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

Evidence of compliance with these Rules must be submitted with the bid, proposal, reply or response if required by the District. Failure to submit evidence of compliance when required may be grounds for rejection of the bid, proposal, reply, or response.

Any firm or individual whose principal place of business is outside the State of Florida must also submit a written opinion of an attorney at law licensed to practice law in that foreign state, as to the preferences, if any or none, granted by the law of that foreign state to business entities whose principal places of business are in that foreign state, in the letting of any or all public contracts. Failure to submit such a written opinion or submission of a false or misleading written opinion may be grounds for rejection of the bid, proposal, reply, or response.

Bids, proposals, replies, and responses shall be publicly opened at the time and place noted on the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, and this Rule. Minor variations in the bids, proposals, replies, or responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.
The lowest Responsive Bid, after taking into account the preferences provided for in this subsection, submitted by a Responsive and Responsible Bidder in response to an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be accepted. If the lowest Responsive Bid is submitted by a Responsive and Responsible Bidder whose principal place of business is located in a foreign state which does not grant a preference in competitive purchase to businesses whose principal place of business are in that foreign state, the lowest Responsible and Responsive Bidder whose principal place of business is in the State of

Florida shall be awarded a preference of five (5) percent. If the lowest Responsive Bid is submitted by a Responsive and Responsible Bidder whose principal place of business is located in a foreign state which grants a preference in competitive purchase to businesses whose principal place of business are in that foreign state, the lowest Responsible and Responsive Bidder whose principal place of business is in the State of Florida shall be awarded a preference equal to the preference granted by such foreign state.

To assure full understanding of the responsiveness to the solicitation requirements contained in an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, discussions may be conducted with qualified vendors. Vendors shall be accorded fair treatment prior to the submittal date with respect to any opportunity for discussion, preparation, and revision of bids, proposals, replies, and responses.

The Board shall have the right to reject all bids, proposals, replies, or responses because they exceed the amount of funds budgeted for the purchase, if there are not enough to be competitive, or if rejection is determined to be in the best interest of the District. No vendor shall be entitled to recover any costs of bid, proposal, reply, or response preparation or submittal from the District.

The Board may require bidders and proposers to furnish bid bonds, performance bonds, and/or other bonds with a responsible surety to be approved by the Board.
Notice of intent to award, including rejection of some or all bids, proposals, replies, or responses shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s purchase of goods, supplies, and materials under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase goods, supplies, or materials, or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of goods, supplies, and materials, in the manner the Board determines is in the best interests of the District, which

may include but is not limited to a direct purchase of the goods, supplies, and materials without further competitive selection processes.

Goods, Supplies, and Materials included in a Construction Contract Awarded Pursuant to Rule 3.5 or 3.6. There may be occasions where the District has undergone the competitive purchase of construction services which contract may include the provision of goods, supplies, or materials. In that instance, the District may approve a change order to the contract and directly purchase the goods, supplies, and materials. Such purchase of goods, supplies, and materials deducted from a competitively purchased construction contract shall be exempt from this Rule.

Exemption. Goods, supplies, and materials that are only available from a single source are exempt from this Rule. Goods, supplies, and materials provided by governmental agencies are exempt from this Rule. A contract for goods, supplies, or materials is exempt from this Rule if state or federal law prescribes with whom the District must contract or if the rate of payment is established during the appropriation process. This Rule shall not apply to the purchase of goods, supplies or materials that are purchased under a federal, state, or local government contract that has been competitively procured by such federal, state, or local government in a manner consistent with the material procurement requirements of these Rules.

Renewal. Contracts for the purchase of goods, supplies, and/or materials subject to this Rule may be renewed for a maximum period of five (5) years.
Emergency Purchases. The District may make an Emergency Purchase without complying with these rules. The fact that an Emergency Purchase has occurred or is necessary shall be noted in the minutes of the next Board meeting.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 189.053, 190.033, 287.017, 287.084, Fla. Stat.

Rule 3.9	Maintenance Services.

Scope. All contracts for maintenance of any District facility or project shall be set under the terms of this Rule if the cost exceeds the amount provided in Section
287.017 of the Florida Statutes, for CATEGORY FOUR. A contract involving goods, supplies, and materials plus maintenance services may, in the discretion of the Board, be treated as a contract for maintenance services. However, a purchase shall not be divided solely in order to avoid the threshold bidding requirements.

Procedure. When a purchase of maintenance services is within the scope of this Rule, the following procedures shall apply:

The Board shall cause to be prepared an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

Notice of the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be advertised at least once in a newspaper of general circulation within the county or counties in which the District is located. The notice shall also include the amount of the bid bond, if one is required. The notice shall allow at least seven (7) days for submittal of bids, proposals, replies, or responses.

The District may maintain lists of persons interested in receiving notices of Invitations to Bid, Requests for Proposals, Invitations to Negotiate, and Competitive Solicitations. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice shall not invalidate any contract awarded in accordance with this Rule and shall not be a basis for a protest of any contract award.
If the District has pre-qualified suppliers of maintenance services, then, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies, and responses.
In order to be eligible to submit a bid, proposal, reply, or response, a firm or individual must, at the time of receipt of the bids, proposals, replies, or responses:

Hold all required applicable state professional licenses in good standing;

Hold all required applicable federal licenses in good standing, if any;

Hold a current and active Florida corporate charter or be authorized to do business in the State of Florida in accordance with Chapter 607 of the Florida Statutes, if the vendor is a corporation; and

Meet any special pre-qualification requirements set forth in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

Evidence of compliance with these Rules must be submitted with the bid, proposal, reply, or response if required by the District. Failure to submit evidence of compliance when required may be grounds for rejection of the bid, proposal, reply, or response.

Bids, proposals, replies, and responses shall be publicly opened at the time and place noted on the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, and these Rules. Minor variations in the bids, proposals, replies, and responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.
The lowest Responsive Bid submitted in response to an Invitation to Bid by a Responsive and Responsible Bidder shall be accepted. In relation to a Request for Proposals, Invitation to Negotiate or Competitive Solicitation the Board shall select the Responsive Proposal, Reply, or Response submitted by a Responsive and Responsible Vendor which is most advantageous to the District. To assure full understanding of the responsiveness to the solicitation requirements contained in a Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, discussions may be conducted with qualified vendors. Vendors shall be accorded fair treatment prior to the submittal date with respect to any opportunity for discussion, preparation, and revision of bids, proposals, replies, or responses.

The Board shall have the right to reject all bids, proposals, replies, or responses because they exceed the amount of funds budgeted for the purchase, if there are not enough to be competitive, or if rejection is determined to be in the best interest of the District. No Vendor shall be

entitled to recover any costs of bid, proposal, reply, or response preparation or submittal from the District.

The Board may require bidders and proposers to furnish bid bonds, performance bonds, and/or other bonds with a responsible surety to be approved by the Board.

Notice of intent to award, including rejection of some or all bids, proposals, replies, or responses shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. The notice shall include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests of the District’s procurement of maintenance services under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase the maintenance services or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of maintenance services, in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the maintenance services without further competitive selection processes.
Exemptions. Maintenance services that are only available from a single source are exempt from this Rule. Maintenance services provided by governmental agencies are exempt from this Rule. A contract for maintenance services is exempt from this Rule if state or federal law prescribes with whom the District must contract or if the rate of payment is established during the appropriation process.

Renewal. Contracts for the purchase of maintenance services subject to this Rule may be renewed for a maximum period of five (5) years.

Contracts; Public Records. In accordance with Florida law, each contract entered into pursuant to this Rule shall include provisions required by law that require the contractor to comply with public records laws.

Emergency Purchases. The District may make an Emergency Purchase without complying with these rules. The fact that an Emergency Purchase has occurred or is necessary shall be noted in the minutes of the next Board meeting.
Specific Authority: §§ 190.011(5), 190.011(15), 190.033, Fla. Stat.

Law Implemented: §§ 119.0701, 190.033, 287.017, Fla. Stat.

Rule 3.10	Contractual Services.

Exemption from Competitive Purchase. Pursuant to Section 190.033(3) of the Florida Statutes, Contractual Services shall not be subject to competitive purchasing requirements. If an agreement is predominantly for Contractual Services, but also includes maintenance services or the purchase of goods and services, the contract shall not be subject to competitive purchasing requirements. Regardless of whether an advertisement or solicitation for Contractual Services is identified as an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, no rights or remedies under these Rules, including but not limited to protest rights, are conferred on persons, firms, or vendors proposing to provide Contractual Services to the District.

Contracts; Public Records. In accordance with Florida law, each contract for Contractual Services shall include provisions required by law that require the contractor to comply with public records laws.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 119.0701, 190.011(3), 190.033, Fla. Stat.

Rule 3.11	Protests with Respect to Proceedings under Rules 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.8,
and 3.9.

The resolution of any protests with respect to proceedings under Rules 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.8, and 3.9 shall be in accordance with this Rule.

Filing.

With respect to a protest regarding qualifications, specifications, documentation, or other requirements contained in a Request for Qualifications, Request for Proposals, Invitation to Bid, or Competitive Solicitation issued by the District, the notice of protest shall be filed in writing within seventy-two (72) calendar hours (excluding Saturdays, Sundays, and state holidays) after the first advertisement of the Request for Qualifications, Request for Proposals, Invitation to Bid, or Competitive Solicitation. A formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturdays, Sundays, and state holidays) after the initial notice of protest was filed. For purposes of this Rule, wherever applicable, filing will be perfected and deemed to have occurred upon receipt by the District. Failure to file a notice of protest shall constitute a waiver of all rights to protest the District’s intended decision. Failure to file a formal written protest shall constitute an abandonment of the protest proceedings and shall automatically terminate the protest proceedings.
Except for those situations covered by subsection (1)(a) of this Rule, any firm or person who is affected adversely by a District’s ranking or intended award under Rules 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.8, or 3.9 and desires to contest the District’s ranking or intended award, shall file with the District a written notice of protest within seventy-two (72) calendar hours (excluding Saturdays, Sundays, and state holidays) after receipt of the notice of the District’s ranking or intended award or after posting on the District’s website if so provided for in the Request for Qualifications, Request for Proposals, Invitation to Bid, or Competitive Solicitation. A formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturdays, Sundays, and state holidays) after the initial notice of protest was filed. For purposes of this Rule, wherever applicable, filing will be perfected and deemed to have occurred upon receipt by the District. Failure to file a notice of protest shall constitute a waiver of all rights to protest the District’s ranking or intended award. Failure to file a formal written protest shall constitute an abandonment of the protest proceedings and shall automatically terminate the protest proceedings.

If the requirement for the posting of a protest bond and the amount of the protest bond, which may be expressed by a percentage of the contract to be

awarded or a set amount, is disclosed in the District’s competitive solicitation documents for a particular purchase under Rules 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.8, or 3.9, any person who files a notice of protest must post the protest bond. The amount and form of the protest bond shall be determined by District staff after consultation with the Board and within the limits, if any, imposed by Florida law. In the event the protest is successful, the protest bond shall be refunded to the protestor. In the event the protest is unsuccessful, the protest bond shall be applied towards the District’s costs, expenses, and attorney’s fees associated with hearing and defending the protest. In the event the protest is settled by mutual agreement of the parties, the protest bond shall be distributed as agreed to by the District and protestor.

The District does not accept documents filed by e-mail or facsimile transmission. Filings are only accepted during normal business hours.

Contract Execution. Upon receipt of a notice of protest which has been timely filed, the District shall not execute the contract under protest until the subject of the protest is resolved. However, if the District sets forth in writing particular facts and circumstances showing that delay incident to protest proceedings will jeopardize the funding for the project, will materially increase the cost of the project, or will create an immediate and serious danger to the public health, safety, or welfare, the contract may be executed.

Informal Proceeding. If the Board determines a protest does not involve a disputed issue of material fact, the Board may, but is not obligated to, schedule an informal proceeding to consider the protest. Such informal proceeding shall be at a time and place determined by the Board. Notice of such proceeding shall be sent via e-mail (with a delivery and read receipt), United States Mail, or hand delivery to the protestor and any substantially affected persons or parties not less than three (3) calendar days prior to such informal proceeding. Within thirty (30) calendar days following the informal proceeding, the Board shall issue a written decision setting forth the factual, legal, and policy grounds for its decision.
Formal Proceeding. If the Board determines a protest involves disputed issues of material fact or if the Board elects not to use the informal proceeding process provided for in section (3) of this Rule, the District shall schedule a formal hearing to resolve the protest. The Chairperson shall designate any member of the Board (including the Chairperson), District Manager, District Counsel, or other person as a hearing officer to conduct the hearing. The hearing officer may:

Administer oaths and affirmations;

Rule upon offers of proof and receive relevant evidence;

Regulate the course of the hearing, including any pre-hearing matters;

Enter orders; and

Make or receive offers of settlement, stipulation, and adjustment.

The hearing officer shall, within thirty (30) days after the hearing or receipt of the hearing transcript, whichever is later, file a recommended order which shall include a caption, time and place of hearing, appearances entered at the hearing, statement of the issues, findings of fact and conclusions of law, separately stated, and a recommendation for final District action. The District shall allow each party fifteen
(15) days in which to submit written exceptions to the recommended order. The District shall issue a final order within sixty (60) days after the filing of the recommended order.

Rejection of all Qualifications, Bids, Proposals, Replies and Responses after Receipt of Notice of Protest. If the Board determines there was a violation of law, defect, or an irregularity in the competitive solicitation process, the Bids, Proposals, Replies, and Responses are too high, or if the Board determines it is otherwise in the District’s best interest, the Board may reject all qualifications, bids, proposals, replies, and responses and start the competitive solicitation process anew. If the Board decides to reject all qualifications, bids, proposals, replies, and responses and start the competitive solicitation process anew, any pending protests shall automatically terminate.

Judicial Review. A party who is adversely affected by final District action is entitled to judicial review. Judicial review shall be sought in the county where the District is located. All proceedings shall be instituted by filing a notice of appeal or petition for review in accordance with the Florida Rules of Appellate Procedure within thirty (30) calendar days after the rendition of the decision being appealed. The filing of an appeal does not itself stay enforcement of the final District decision. Judicial review of any District action shall be confined to the record transmitted. The record for judicial review shall be compiled in accordance with the Florida Rules of Appellate Procedure. Failure to file a notice of appeal or petition for review within the time prescribed herein shall constitute a waiver of judicial review proceedings.
Intervenors. Other substantially affected persons may join the proceedings as intervenors on appropriate terms which shall not unduly delay the proceedings.

Settlement. Nothing herein shall preclude the settlement of any protest under this Rule at any time.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 120.69(2)(a), 190.033, Fla. Stat.

Rule 4.0	Effective Date.

These Rules shall be effective April 20, 2026, except that no election of officers required by these Rules shall be required until after the next regular election for the Board.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat. Law Implemented: §§ 190.011(5), 190.011(15), Fla. Stat.

Publication Date 2026-04-06

Subcategory Miscellaneous Notices

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT NOTICE OF THE DISTRICTS INTENT TO USE THE UNIFORM METHOD OF COLLECTION OF NON-AD VALOREM SPECIAL ASSESSMENTS
Notice is hereby given that the Shores at Stillwater Community Development District (District) intends to use the uniform method of collecting non-ad valorem special assessments to be levied by the District pursuant to Section 197.3632, Florida Statutes. The Board of Supervisors of the District will conduct a public hearing on April 20, 2026 at 11:00 a.m. at 501 N. Cattlemen Road, Suite 106, Sarasota, Florida 34232.
The purpose of the public hearing is to consider the adoption of a resolution authorizing the District to use the uniform method of collecting non-ad valorem special assessments (Uniform Method) to be levied by the District on properties located on land included in, or to be added to, the District.
The District may levy non-ad valorem special assessments for the purpose of financing, acquiring, maintaining and/or operating community development facilities, services, and improvements within and without the boundaries of the District, to consist of, among other things, roadways, sanitary sewer system, water distribution system, irrigation/reclaimed water system, stormwater management system, landscaping, hardscape, irrigation, recreational facilities, and/or any other lawful improvements or services of the District.
Owners of the properties to be assessed and other interested parties may appear at the public hearing and be heard regarding the use of the Uniform Method. This hearing is open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing may be continued to a date, time, and location to be specified on the record at the hearing. There may be occasions when Supervisors or District Staff may participate by speaker telephone.
Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in the hearing and/or meeting is asked to contact the District Managers office at 2501A Burns Road, Palm Beach Gardens, Florida 33410, (561) 630-4922, at least forty-eight (48) hours before the hearing and/or meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8771 who can aid you in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the hearing is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Michelle Krizen District Manager
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
www.shoresatstillwatercdd.org
PUBLISH: SARASOTA HERALD TRIBUNE 03/23,26, 03/30/26, 04/06/26 & 04/13/26 #12174138

RESOLUTION 2026-30

RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT EXPRESSING ITS INTENT TO UTILIZE THE UNIFORM METHOD OF LEVYING, COLLECTING, AND ENFORCING NON-AD VALOREM ASSESSMENTS WHICH MAY BE LEVIED BY THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT IN ACCORDANCE WITH SECTION 197.3632, FLORIDA STATUTES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Shores at Stillwater Community Development District (the “District”) was established pursuant to the provisions of Chapter 190, Florida Statutes (the “Act”), which authorizes the District to levy certain special assessments pursuant to Chapter 170, 190, and 197 Florida Statutes, in order to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain District services, facilities, and infrastructure, paying principal and interest on any and all of its indebtedness or for any other purpose permitted by the Act; and

WHEREAS, the above referenced assessments are non-ad valorem in nature and, therefore, may be collected under the provisions of Section 197.3632, Florida Statutes, in which the State of Florida has provided a uniform method for the levying, collecting, and enforcing such non-ad valorem assessments; and
WHEREAS, pursuant to Section 197.3632, Florida Statutes, the District has caused notice of a public hearing to be advertised weekly in a newspaper of general circulation within Sarasota County for four (4) consecutive weeks prior to such hearing.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The District upon conducting its public hearing as required by Section 197.3632, Florida Statutes, hereby expresses its intent to use the uniform method of collecting special assessments imposed by the District as provided in Chapters 170, 190, and 197, Florida Statutes, each of which are non-ad valorem assessments which may be collected annually pursuant to the provisions of Chapter 190, Florida Statutes, in order to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain District services, facilities, and infrastructure, paying principal and interest on any and all of its indebtedness or for any other purpose permitted by the Act. The legal description of the boundaries of the real property subject to a levy of assessments is attached and made a part of this Resolution as Exhibit A. The non-ad valorem assessments and the District’s use of the uniform method of collecting its non-ad valorem assessment(s) may continue in any given year when the Board of Supervisors determines that use of the uniform method for that year is in the best interests of the District.

SECTION 2.  The District’s Secretary is authorized to provide the Property Appraiser and Tax Collector of Sarasota County and the Department of Revenue of the State of Florida with a copy of this Resolution and enter into any agreements with the Property Appraiser and/or Tax Collector necessary to carry out the provisions of this Resolution.

SECTION 3.  If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.
SECTION 4.  This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 20th day of April, 2026.

ATTEST:	SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Legal Description

EXHIBIT A

Legal Description
DESCRIPTION: A parcel of land lying in the Southeast 1/4 of Section 32, Township 40 South, Range 20 East, Sarasota County, Florida, and being more particularly described as follows:

COMMENCE at the Southeast corner of said Section 32, run thence along the East boundary of the Southeast 1/4 thereof, N.03°15'33"E., a distance of 1490.57 feet to the POINT OF BEGINNING; thence N.86°44'27"W., a distance of 14.00 feet; thence S.03°15'33"W., a distance of 283.56 feet; thence N.89°25'32"W., a distance of 967.40 feet; thence Southwesterly, 86.20 feet along the arc of a non-tangent curve to the right having a radius of 159.00 feet and a central angle of 31°03'43" (chord bearing S.54°36'53"W., 85.15 feet) to a point on the North boundary of the Lands described in Official Records Instrument 2003020017, also being the Easterly extension of the South Right-of-way of Medical Boulevard according to Official Records Book 1822, page 2649 of the Public Records of Sarasota County, Florida; thence along said Easterly extension of the South Right-of-way, N.89°25'32"W., a distance of 112.51 feet to the Southeast corner of aforesaid Medical Boulevard, also being the Southerly extension of the East boundary of Englewood Medical Center, according to the plat thereof, recorded in Plat Book 35, page 20 of the Public Records of Sarasota County, Florida; thence along said East boundary, N.02°52'11"E., a distance of 1756.62 feet to a point on the South Right-of-way of Morningside Drive per WELLINGTON ACRES, according to the plat thereof, recorded in Plat Book 20, page 1 of the Public Records of Sarasota County, Florida; thence along said South Right-of-way, S.89°35'07"E., a distance of 1172.61 feet to a point on East boundary of the Southeast 1/4 of aforesaid Section 32; thence along said East boundary, S.03°15'33"W., a distance of 1427.46 feet to the POINT OF BEGINNING.

Containing 45.789 acres, more or less.
AND
DESCRIPTION: A parcel of land lying in Section 32, Township 40 South, Range 20 East, Sarasota County, Florida, and being more particularly described as follows:

BEGIN at the South 1/4 corner of said Section 32, also being the Southeast corner of STILLWATER, UNIT TWO, according to the Plat thereof, recorded in Plat Book 45, Pages 12 through 12C of the Public Records of Sarasota County, Florida, run thence along the East boundary of said STILLWATER, UNIT TWO, N.02°28'24"E., a distance of 1149.23 feet thence continue along said East boundary, N.02°28'24"E., a distance of 654.19 feet to a point on the South Right-of-Way of MEDICAL BOULEVARD, according to Official Records Book 1822, Page 2649 of the Public Records of said County; thence along said South Right-of-Way, S.89°25'32"E., a distance of 1269.29 feet; thence S.00°31'25"W., a distance of 1152.40 feet to a point on the South boundary of said Section 32; thence along said South boundary, N.89°15'33"W., a distance of 1308.40 to the POINT OF BEGINNING.
Containing 34.041 acres, more or less.

NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, BY THE
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, BY THE
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF REGULAR MEETING OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Stillwater Community Development District Master Report of District Engineer, dated February 2026 as the current District improvement, attached hereto as Exhibit A and incorporated herein by reference; and
Whereas, it is in the best interest of the District to pay the cost of the Improvements by special assessments pursuant to Chapter 190, Florida Statutes (the “Assessments”); and
Whereas, the District is empowered by Chapter 190, Community Development Districts, Chapter 170, Supplemental and Alternative Method of Making Local Municipal Improvements, and Chapter 197, Tax Collections, Sales and Liens, Florida Statutes, to finance, fund, plan, establish,

The Board of Supervisors (“Board”) of the Shores at Stillwater Community Development District acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the Improvements (“District”) will hold public hearings on April 20, 2026, at 11:00 a.m., at 501 N. Cattlemen Road, and to impose, levy and collect the Assessments; and
Suite 106 Sarasota, Florida 34232, to consider the adoption of an assessment roll, the imposition	Whereas, the District hereby determines that benefits will accrue to the property improved, the
of special assessments to secure proposed bonds on benefited lands within the District, a depiction amount of those benefits, and that special assessments will be made in proportion to the benefits of which lands is shown below, and to provide for the levy, collection and enforcement of the special received as set forth in the Master Special Assessment Methodology Report, dated February 17,
assessments.	2026, attached hereto as Exhibit B and incorporated herein by reference and on file at the office of
The District is located entirely within Sarasota County, Florida. The lands to be improved are generally the District Manager, c/o Michelle Krizen, Special District Services, Inc., 2501A Burns Road, Palm located north of Seahorse Lane, east of Pine Street, west of Winchester Boulevard, and south of Beach Gardens, Florida 33410 (the “District Records Office”); and
Morningside Drive and are geographically depicted below and in the Shores at Stillwater Community	Whereas, the District hereby determines that the Assessments to be levied will not exceed the
Development District Master Report of District Engineer, dated February 2026 (“Engineer’s Report”). benefit to the property improved.

The public hearing is being conducted pursuant to Chapters 170, 190 and 197, Florida Statutes. A description of the property to be assessed and the amount to be assessed to each piece or parcel of property may be ascertained at the office of the District Manager c/o Special District Services, Inc., 2501A Burns Road, Palm Beach Gardens, Florida 33410, or by phone at (561) 630-4922 (“District Manager’s Office”).
The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The infrastructure improvements are currently expected

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT:
section 1.	Recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.
section 2.	Assessments shall be levied to defray a portion of the cost of the Improvements.
section 3.	The nature and general location of, and plans and specifications for, the

to include, but are not limited to: roadways; sanitary sewer system; water distribution system; Improvements are described in Exhibit A, which is on file at the District Records Office. Exhibit B is irrigation/reclaimed water system; stormwater management system; landscaping, hardscape and also on file and available for public inspection at the same location.

Cost”).

irrigation; recreational facilities; and other infrastructure benefitting the Lands within the District (“Improvements”), all as more specifically described in the Engineer’s Report on file and available during normal business hours at the District Manager’s Office. According to the Engineer’s Report,

section 4.	The total estimated cost of the Improvements is $11,060,349.55 (the “Estimated

the estimated cost of the current District Improvements is $11,060,350.	section 5.	The Assessments will defray approximately $14,000,000, which includes a portion
The District intends to impose assessments on benefited lands within its current boundary of the of the Estimated Cost, plus financing-related costs, capitalized interest, a debt service reserve, and District in the manner set forth in the District’s Master Special Assessment Methodology Report, contingency.

dated February 17, 2026 (“Assessment Report”), which is on file and available during normal business hours at the District Manager’s Office.
The purpose of any such assessment is to secure the bonds issued to fund the Improvements.

section 6.	The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B, including provisions for supplemental assessment resolutions.
section 7.	The Assessments shall be levied, within the District, on all lots and lands adjoining

As described in more detail in the Assessment Report, the District’s assessments will be levied and contiguous or bounding and abutting upon the Improvements or specially benefitted thereby against respective benefitted lands within the District. The Assessment Report identifies maximum and further designated by the assessment plat hereinafter provided for.

assessment amounts for each assessment area and land use category that is currently expected to

section 8.	There is on file, at the District Records Office, an assessment plat showing the

be assessed. The lien for assessments is proposed to be allocated on an equal assessment per acre area to be assessed, with certain plans and specifications describing the Improvements and the
basis and will be levied on an equivalent residential unit (“ERU”) basis at the time that such property estimated cost of the Improvements, all of which shall be open to inspection by the public.

is platted or subject to a site plan or sold.

section 9.	Commencing with the year in which the Assessments are levied and confirmed,

The annual principal assessment levied against each parcel will be based on repayment over thirty the Assessments shall be paid in not more than thirty (30) annual installments. The Assessments
(30) years of the total debt allocated to each parcel. The District expects to assess and collect may be payable at the same time and in the same manner as are ad valorem taxes and collected sufficient revenues to retire no more than $14,000,000 in debt associated with financing a portion of pursuant to Chapter 197, Florida Statutes; provided, however, that in the event the uniform non-ad the Improvements secured by assessments levied, as outlined in the Assessment Report, inclusive of valorem assessment method of collecting the Assessments is not available to the District in any
fees and costs of collection or enforcement, discounts for early payment and interest. The proposed year, or if determined by the District to be in its best interest, the Assessments may be collected as

Product	Number of Units
by Type	ERU Factor	Total ERUs	Bond Debt Allocation Per Unit Type*	Bond Debt Allocation Per Unit*	
34'	136	0.72	97.92	$	6,319,749	$	46,469	
52'	119	1.00	119.00	$	7,680,251	$	64,540	
TOTAL	255	N/A	216.92	$	14,000,000	N/A	
*Rounded						

annual schedule of assessments is as follows:

is otherwise permitted by law.
section 10. The District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit B hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which assessment roll is hereby adopted and approved as the District's preliminary assessment roll.
section 11. The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the assessments or the making of the Improvements, the cost thereof, the manner of payment therefore, or the amount thereof to be assessed against each property as improved.
section 12. The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) consecutive weeks) in a newspaper of general circulation within Sarasota County, provided that the first publication shall be at least twenty (20) days before and the last publication shall be at least one (1) week prior to the date of the hearing, and to provide such other notice as may be required by law or desired in the best interests of the District.
section 13.  This Resolution shall become effective upon its passage.
Passed and adoPted this 17th day of February, 2026.
ATTEST:	SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Product	Number of Units by Type	
ERU Factor*	Total ERUs*	**Maximum Annual Debt Assessment Per Unit Type*	**Maximum Annual Debt Assessment Per Unit *	
34'	136	0.72	97.92	$	569,256.21	$	4,185.71	
52'	119	1.00	119.00	$	691,804.43	$	5,813.48	
TOTAL	255	N/A	216.92	$	1,261,060.64	N/A	
*Rounded						
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes. Actual amounts may be adjusted to reflect actual County collection costs.	

The assessments may be prepaid in whole at any time, or in some instances in part, or may be /X/		/X/	
paid in not more than thirty (30) annual installments subsequent to the issuance of debt to finance Secretary / Assistant Secretary	Chairperson, Board of Supervisors
the improvements. These annual assessments will be collected on the Sarasota County tax roll Exhibit A:	Shores at Stillwater Community Development District Master Report of District
by the Tax Collector. Alternatively, the District may choose to directly collect and enforce these	Engineer, dated February 2026
assessments. All affected property owners have the right to appear at the public hearings and the Exhibit B:  Master Special Assessment Methodology Report, dated February 17, 2026 right to file written objections with the District within twenty (20) days of the publication of this notice.
Also, on April 20, 2026 at 11:00 a.m., at 501 N. Cattlemen Road, Suite 106 Sarasota, Florida 34232, the Board will hold a regular public meeting to consider any other business that may lawfully be considered by the District. The Board meeting and hearings are open to the public and will be conducted in accordance with the provisions of Florida law. The Board meeting and/or the public hearings may be continued in progress to a certain date and time announced at such meeting and/ or hearings.
If anyone chooses to appeal any decision of the Board with respect to any matter considered at the meeting or hearings, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.
Any person requiring special accommodations at the meeting or hearings because of a disability or physical impairment should contact the District Manager’s Office at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District office.
RESOLUTION 2026-26
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE INITIAL DISTRICT AREA PHASE I INFRASTRUCTURE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE PAID; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.
Whereas, the Board of Supervisors (the “Board”) of the Shores at Stillwater Community SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

www.shoresatstillwatercdd.org

Development District (the “District”) hereby determines to undertake, install, plan, establish, construct
or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastruPctaurge e 85
improvements for the current District (the “Improvements”) described in the District’s Shores at PUBLISH: SARASOTA HERALD TRIBUNE 03/31/26 & 04/07/26
FO-43745882

RESOLUTION 2026-31

A RESOLUTION OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT PROJECTS FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT REVENUE BONDS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO HOMEOWNERS ASSOCIATIONS, PROPERTY OWNERS ASSOCIATION AND/OR GOVERNMENTAL ENTITIES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

RECITALS

WHEREAS, Shores at Stillwater Community Development District (the “District”) previously indicated its intention to construct certain types of infrastructure improvements and to finance such infrastructure improvements through the issuance of bonds, which bonds would be repaid by the imposition of special assessments on benefited property within the District; and
WHEREAS, the District Board of Supervisors (the “Board”) noticed and conducted a public hearing pursuant to Chapters 170, 190 and 197, Florida Statutes, relating to the imposition, levy, collection and enforcement of such assessments.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170, 190 and 197, Florida Statutes, including without limitation, Section 170.08, Florida Statutes.

SECTION 2. FINDINGS. The Board hereby finds and determines as follows:

The District is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes, as amended.
The District is authorized by Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct sanitary sewer collection system, water distribution system, stormwater management system, and other infrastructure projects, and services necessitated by the development of, and serving lands

within, the District.

The District is authorized by Chapter 190, Florida Statutes, to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services and to issue capital improvement revenue bonds payable from such special assessments as provided in Chapters 170, 190 and 197, Florida Statutes.

It is necessary to the public health, safety and welfare and in the best interests of the District that: (i) the District provide the public infrastructure necessary for the overall development and for the initially established area of the District (the “Project”), the nature and location of which was initially described in Resolution 2026-26 and is shown in the Shores at Stillwater Community Development District, Master Report of District Engineer, dated February 2026 (the “Engineer’s Report”), and which Project’s plans and specifications are on file in the District’s records office at 2501A Burns Road, Palm Beach Gardens, Florida 33410; (ii) the cost of such Project be assessed against the lands specially benefited by such Project; and (iii) the District issue bonds to provide funds for such purposes pending the receipt of such special assessments.

The provision of said Project, the levying of such Special Assessments (hereinafter defined) and the sale and issuance of such bonds serves a proper, essential, and valid public purpose and is in the best interests of the District, its landowners and residents.

In order to provide funds with which to pay a portion of the costs of the Project which are to be assessed against the benefitted properties, pending the collection of such Special Assessments, it is necessary for the District from time to time to sell and issue its Special Assessment Revenue Bonds, in one or more series (the “Bonds”).

By Resolution 2026-26, the Board determined to provide the Project and to defray the costs thereof by making Special Assessments on benefited property and expressed an intention to issue Bonds, notes or other specific financing mechanisms to provide a portion of the funds needed for the Project prior to the collection of such Special Assessments. Resolution 2026-26 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time it was adopted, the requirements of Section 170.04, Florida Statutes, had been met.
As directed by Resolution 2026-26, said Resolution 2026-26 was published as required by Section 170.05, Florida Statutes, and a copy of the publisher’s affidavit of publication is on file with the Secretary of the Board.
As directed by Resolution 2026-26, a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06, Florida Statutes.

As required by Section 170.07, Florida Statutes, upon completion of the preliminary assessment roll, the Board adopted Resolution 2026-27 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein

may appear before the Board and be heard as to: (i) the propriety and advisability of making the infrastructure improvements constituting the Project, (ii) the cost thereof, (iii) the manner of payment therefore, and (iv) the amount thereof to be assessed against each specially benefited property or parcel and provided for publication of notice of such public hearing and individual mailed notice in accordance with Chapters 170, 190 and 197, Florida Statutes.

Notice of such public hearing was given by publication and also by mail as required by Section 170.07, Florida Statutes. Affidavits as to such publications and mailings are on file in the office of the Secretary of the Board.
On April 20, 2026, at the time and place specified in Resolution 2026-27, and notice referred to in paragraph (k) above, the Board met as an Equalization Board and heard and considered all complaints and testimony as to the matters described in paragraph (j) above. The Board has made such modifications in the preliminary assessment roll as it deems necessary, just and right in the making of the final assessment roll.

Having considered the estimated costs of the Project, estimates of financing costs and all complaints and evidence presented at such public hearing, the Board of Supervisors of the District further finds and determines:

that the estimated costs of the Project are as specified in the Engineer’s Report (attached as Exhibit A hereto and incorporated herein by this reference), which Engineer’s Report is hereby adopted and approved, and that the amount of such costs is reasonable and proper; and

it is reasonable, proper, just and right to assess the cost of such Project against the properties within the District specially benefited thereby using the method determined by the Board set forth in the Master Special Assessment Methodology Report, dated February 17, 2026 (the “Assessment Report”) attached hereto as Exhibit B and incorporated herein by this reference, which results in allocation of assessments in the manner set forth in the final assessment roll included therein (the “Special Assessments”); and
it is hereby declared that the Project will constitute a special benefit to all parcels of real property listed on said final assessment roll and that the benefit, in the case of each such parcel, will be equal to or in excess of the Special Assessments thereon when allocated as set forth in Exhibit B; and
it is in the best interests of the District that the Special Assessments be paid and collected as herein provided.

SECTION 3. AUTHORIZATION OF DISTRICT PROJECT. That certain Project for construction of infrastructure improvements initially described in Resolution 2026-26, and more specifically

identified and described in Exhibit A attached hereto, is hereby authorized and approved and the proper officers, employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made.

SECTION 4. ESTIMATED COST OF IMPROVEMENTS. The total estimated costs of the Project and the costs to be paid by Special Assessments on all specially benefited property are set forth in Exhibits A and B, respectively, hereto.
SECTION 5. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF SPECIAL
ASSESSMENTS. The Special Assessments on parcels specially benefited by the Project, all as specified in the final assessment roll set forth in Exhibit B, attached hereto, are hereby equalized, approved, confirmed and levied. Immediately following the adoption of this Resolution these Special Assessments, as reflected in Exhibit B, attached hereto, shall be recorded by the Secretary of the Board of the District in a special book, to be known as the “Improvement Lien Book.” The Special Assessment or assessments against each respective parcel shown on such final assessment roll and interest, costs and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims. Prior to the issuance of any bonds, including refunding bonds, the District may, by subsequent resolution, adjust the acreage assigned to particular parcel identification numbers listed on the final assessment roll to reflect accurate apportionment of acreage within the District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final assessment roll as may be necessary in the best interests of the District as determined by the Board by subsequent resolution. Any such adjustment in the assessment roll shall be consistent with the requirements of law. In the event the issuance of bonds, including refunding bonds, by the District would result in a decrease of the Special Assessments, then the District shall by subsequent resolution, adopted within sixty (60) days of the sale of such bonds at a publicly noticed meeting and without the need for further public hearing, evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease.

SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When the entire Project has both been constructed or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 170.08 and 170.09, Florida Statutes. Pursuant to the provisions of Section 170.08, Florida Statutes, regarding completion of a project funded by a particular series of bonds, the District shall credit to each Special Assessment the difference, if any, between the Special Assessment as hereby made, approved and confirmed and the actual costs incurred in completing the Project. In making such credits, no credit shall be given for bond financing costs, capitalized interest, funded reserves or bond discounts. Such credits, if any, shall be entered in the Improvement Lien Book. Once the final amount of Special Assessments for the entire Project has been determined, the term “Special Assessment” shall, with respect to each parcel, mean

the sum of the costs of the Project.

SECTION 7. PAYMENT OF SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.

The Special Assessments may be paid in not more than thirty (30) substantially equal consecutive annual installments of principal and interest. The Special Assessments may be paid in full without interest at any time within thirty (30) days after the completion of the Project and the adoption by the Board of a resolution accepting the Project; provided, however, that the Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. At any time, subsequent to thirty (30) days after the Project has been completed and a resolution accepting the Project has been adopted by the Board, the Special Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date. The owner of property subject to the Special Assessments may prepay the entire remaining balance of the Special Assessments at any time or a fifty percent (50%) portion of the remaining balance of the Special Assessment once if there is also paid, in addition to the prepaid principal balance of the Special Assessment, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date, or, if prepaid during the forty-five (45) day period preceding such interest payment date, to the interest payment date following such next succeeding interest payment date. Prepayment of Special Assessments does not entitle the property owner to any discounts for early payment.
The District may elect to use the method of collecting Special Assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes (the “Uniform Method”). The District has heretofore taken or will use its best efforts to take as timely required, any necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes. Such Special Assessments may be subject to all of the collection provisions of Chapter 197, Florida Statutes. Notwithstanding the above, in the event the Uniform Method of collecting its special or non-ad valorem assessments is not available to the District in any year, or if determined by the District to be in its best interest, the Special Assessments may be collected as is otherwise permitted by law. The District may, in its sole discretion, collect Special Assessments by directly assessing landowner(s) and enforcing said collection in any manner authorized by law. Such special assessments shall at all times be collected in a manner consistent with applicable trust indenture.

For each year the District uses the Uniform Method, the District shall enter into an agreement with the Tax Collector of Lee County who may notify each owner of a lot or parcel within the District of the amount of the special assessment, including interest thereon, in the manner provided in Section 197.3635, Florida Statutes.

SECTION 8. APPLICATION OF TRUE-UP PAYMENTS.

There may be required from time to time certain true-up payments as specified the Assessment Report and in supplemental assessment methodology reports. As parcels of land or lots are platted, the Special Assessments securing the Bonds shall be allocated as set forth in such reports. In furtherance thereof, at such time as parcels or land or lots are platted, it shall be an express condition of the lien established by this Resolution that any and all initial plats of any portion of the lands within the District, as the District’s boundaries may be amended from time to time, shall be presented to the District Manager for review, approval and calculation of the percentage of acres and numbers of units which will be, after the plat, site development approval or other method of assigning uniting to property, considered to be developed. No further action by the Board of Supervisors shall be required. The District’s review shall be limited solely to this function and the enforcement of the lien established by this Resolution. The District Manager shall cause the Special Assessments to be reallocated to the units being platted and the remaining property in accordance with such the Assessment Report and supplemental assessment methodology reports, cause such reallocation to be recorded in the District’s Improvement Lien Book, and shall perform the true-up calculations described in Exhibit B, which process is incorporated herein as if fully set forth. Any resulting true-up payment shall become due and payable that tax year by the landowner(s) of record of the remaining property, in addition to the regular assessment installment payable with respect to the remaining developable acres.

The District will take all necessary steps to ensure that true-up payments are made in a timely fashion to ensure its debt service obligations are met. The District shall record all true-up payments in its Improvement Lien Book.
The foregoing is based on the District’s understanding with Pulte Home Company, LLC, that they intend to develop the unit numbers and types shown in Exhibit B, on the net developable acres and is intended to provide a formula to ensure that the appropriate ratio of the Special Assessments to developable acres is maintained if fewer units are developed. However, no action by the District prohibits more than the maximum units shown in Exhibit B from being developed. In no event shall the District collect Special Assessments pursuant to this Resolution in excess of the total debt service related to the Project, including all costs of financing and interest. The District recognizes that such events as regulatory requirements and market conditions may affect the timing and scope of the development in the District. If the strict application of the True-Up Methodology to any assessment reallocation pursuant to this paragraph would result in Special Assessments collected in excess of the District’s total debt service obligation for the Project, the Board shall by resolution take appropriate action to equitably reallocate the Special Assessments. Further, upon the District’s review of the final plat for the developable acres, any unallocated Special Assessments shall become due and payable and must be paid prior to the District’s approval of that plat.
The application of the monies received from true-up payments or assessments to the actual debt service obligations of the District, whether long term or short term, shall be set forth in the supplemental assessment resolution adopted for each series of Bonds actually issued. Such subsequent resolution shall be adopted at a noticed meeting of the District, and shall set forth

the actual amounts financed, costs of issuance, expected costs of collection, and the total amount of the assessments pledged to that issue, which amount shall be consistent with the lien imposed by this Resolution.

SECTION 9. PROPERTY OWNED BY HOMEOWNERS ASSOCIATIONS, PROPERTY OWNERS
ASSOCIATIONS OR GOVERNMENTAL ENTITIES. Property owned by units of local, state, and federal government shall not be subject to the Special Assessments without specific consent thereto. In addition, property owned by a property owners association or homeowners association that is exempt from special assessments under Florida law shall not be subject to the Special Assessments. If at any time, any real property on which Special Assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of Special Assessments thereon), all future unpaid Special Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the District.
SECTION 10. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a general Notice of Assessments in the Official Records of Sarasota County, Florida, which shall be updated from time to time in a manner consistent with changes in the boundaries of the District.

SECTION 11. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 12. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.
SECTION 13. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[continued on following page]

APPROVED AND ADOPTED THIS 20TH DAY OF APRIL, 2026.

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Shores at Stillwater Community Development District, Master Report of District Engineer, dated February 2026
Exhibit B:	Master Special Assessment Methodology Report, dated February 17, 2026

Exhibit A

Shores at Stillwater Community Development District, Master Report of District Engineer,
dated February 2026

Exhibit B

Master Special Assessment Methodology Report,
dated February 17, 2026

Tampa Office (Headquarters) 5904-A Hampton Oaks Parkway Tampa, FL 33610
Ph: (813) 253-5311

Orlando Office
6675 Westwood Blvd. Ste 350
Orlando, FL 32821
Ph: (321) 559-8521

Emerald Coast Office 2211 S. Highway 77. Ste 206
Lynn Haven, FL 32444 Ph: (850) 387-1510

Tte Stores at Sttaa water Commlitty Deveaopmeit Dtstrtct Dtstrtctt ts seertig Qlaatfted coislattig ftrms to provtde Dtstrtct .igtieer servtces oi a coittiltig basts for tte Dtstrtctt s stormwater maiagemeit systems aaidscaptig tmprovemeitss lttatttess roadway tmprovemeitss aid otter plbatc tmprovemeits alttortized by Ctapter 2 02 5 i2 3 8s ,aws of laortdas We liderstaid tte types of prooects tte Dtstrtct ts atreay to lidertare may ticalde paaiitigs prepartig reports aid paaiss tifrastrlctlre destgi aid permttttigs prooect coordtiattois aaidscape arctttectlre aid coistrlcttoi eigtieertig aid tispecttois for tte Dtstrtcts We liderstaid ttat cooperattoi aid coordtiattoi wttt Dtstrtct staffs otter coislataitss aid Dtstrtct restdeits wttae provtdtig servtces slpporttig slct prooects ts paramolit to tte slccess of ttose prooects as weaas Olr mtsstoi ts to deveaop eigtieertig soalttois ttat ticorporate tte vtstoi of olr cateitss Olr soa lttois are practtcaa s ecoiomtcaa aid acceptaba e to goveritig ageictes wttae protecttig tte teaatts safety aid weafare of tte plbatcs

H etdt D estgi ts a mlattidtsctpatiary coislattig ftrm ttat spectaatizes ti tte paaiitig aid destgi of master pa aiied commlitttes ttrolgtolt west ceitraa laortdas H etdt Destgi deatvers compreteistve ctvta eigtieertig servtces ttat ticalde vtstoitigs paaiitigs eigtieertig destgi aid permttttigs ecoaogtcaa permttttigs aaidscape arctttectlres CDD eigtieertig aid coistrlcttoi eigtieertig aid tispecttoi servtcess ,ocated at 5 9 04 H amptoi Oars 3arrways Sltte As ti Tampas H etdt Destgi tas earied ai exceaaeit repltattois aid colits amoig tts staff some of tte most respected eigtieertigs eivtroimeitaa aid paaiitig professtoiaas ti tte regtois Wttae iot a mtiortty blstiess eiterprtses tte prtictpaas aid assoctates of H etdt D estgi tave bltat a repltattoi for aeadersttp by creattig tiiovattve soalttois to meet tte compaex aid everictaigtig ieeds of olr cateits - cateits wto demaid destgis ttat maxtmtize flicttoiaa efftcteicys vtslaa appeaa aid ftiaictaa retlris .very member of olr team worrs togetter -
pooatig a weaatt of resolrces to address ctaaaeiges wttt a litfted strategys Ttts reslats ti tte creattoi of litQles ecoiomtcaaa y feastbae prooects ttat coitrtblte vaa le iot oiay to tte owiers blt aaso to tte commlittyas a wtoaes
H etdt D estgi aid tts staff tave exteistve experteice asststtig ti tte creattoi of aid tte oigotig operattoi of over tweity 2 0t Commlitty Deveaopmeit D tstrtcts CDDt ti etgtt dtffereit mlitctpaatttess As CDD eigtieers we tave ai liderstaidtig of tow ttese dtstrtcts are created aid tow ttey flicttoi oi a datay bastss Wet ve created .igtieert s Reportss processed reQltstttoiss coordtiated coistrlcttoi aid atteided board meettigss We beateve olr ablidaice of experteice wttt CDDt s aid at tte Stores at Sttaawater mares ls litQleay Qlaatfted for tte servtces betig solgtt ttrolgt ttts RlQs Beaow ts a atst of clrreit aid past CDDt s for wttct H etdt Destgi ts/was tte Dtstrtct .igtieerr

 

 K-ar Ranct I I COO	 ong ake Ranct COO	
,asson Park COO	Wessctase COO	
Covrngson Park COO	Wasergrass COO I and I I	
-ea mons CO O	Connerson Wess COO	
lrstH awk Ranct COO s I s I I s I I I and I IV	TSR COO &Ssarke!) Ranct2	
Ssonebrrer COO	 akestore Ranct COO	
Ctevaa Wess COO	Woodaands COO	
Park Paace COO	Serenoa COO	
 a Coaarna COO	Cross Creek COO	
Cresswrnd Oeaand COO	Ssonegase Preserve COO	
Tlscan!) Reserve COO	Parrrst Paansasron COO	
Stores as Ssraa waser COO	Reagan  andrng COO	

H erds O esrgn rs ssaffed wrst a seam of trgta!) Qlaarfred and experrenced professronaass H erds Oesrgn empao!)s sweave &( 1 2 professronaa engrneerss folr &42 regrssered aandscape arctrsecss and swo &1 2 AI CP cersrfred paannerss I n addrsron so stese professronaass ste H erds Oesrgn famra!) rncaldes an addrsronaa strrs!)Kfrve &3 4 2 ssaff members wto provrde CAOs GI Ss graptrc arsss rnspecsrons and admrnrssrasrve slppors for olr prooecsss
Specrfrc so strs RlFs we tave assembaed a seam of ssaff members wto wraa be expressa!) avaraabae so respond so an!) reQlesss for servrce from ste Orssrrcss As rndrvrdlaa sasks reQlrres addrsronaa ssaff wra a be rncorporased rnso ste seam rn order so provrde srmea!) slpporss Tte foa aowrng rs an organrizasronaa ctars of ste Orssrrcs seam foaaowed b!) brref brograptres of ke!) seam memberss As reQlesseds Ssandard lorm 3 3 0 reslmes for eact seam member are aaso provrded rn Tab 3 s

 ste proposed Orssrrcs ,ngrneers tas a -s Ss rn Crvra ,ngrneerrng from ste U nrversrs!) of Censraa laorrda and over 3 0 !)ears of experrence desrgnrng and managrng masser pa anned commlnrsres strolgtols ste wess coass of laorrdas Mrs Smrst tas served as COO
,ngrneer for mlasrpae COO < s across wess and censraa laorrdas Some of Ssrrckaand< s prooecs managemens experrence rncaldes Reagan andrng rn Manasee Colns!)s Ssonegase Preserve rn Manasee Colns!)s Sapptrre Porns rn akewood Rancts Manasee Colns!)s ,meraad andrng rn Sarasosa Colns!)s IVraano rn Sarasosa Colns!)s H arbor I sa e rn ste Crs!) of -radensons I sa andwaak rn ste Crs!) of N orst Porss lrsttawk Ranct and Wessctase rn H raasborolgt Colns!)s

 wtaa ,povtde tte Dtstptct igtieep wttt eigtieeptig tectitcaa sl,,opt aid QA/QC ovepstgtts Mps Capsoi tas ovep 2 5 yeaps of ex,epteice aid sepves as ai offtcep of H etdt Destgis As Dtpectop of igtieeptig Destgin Mps Capsoin s pes,oistbtatttes ticalde ovepstgtt of aaa eigtieeptig destgi aid ,aais ,podlcttoi acttvtttess H e tas slccessflaay aed bott ,ptvate aid
,lbatc ,pooect teams ti ,ascon ,oaln Osceoaan H taasbopolgtn H epiaidon Maptoin Maiateen aid Sapasota Colittes aid mopes Mps Capsoi tas a +s Ss Degpee ti Ctvta igtieeptig fpom ,aoptda State U itvepstty aid a Ms Ss Degpee ti igtieeptig Maiagemeit fpom tte U itvepstty of Soltt
,aoptdas
Mps Capsoin s tectitcaa ex,epttse ticaldes deveao,tign modeatign destgitig aid ,epmttttig tte stopmwatep maiagemeit systems fop aapge.scaae deveao,meitss H ts ex,epttse aaso ticaldes pegtoiaa aid slb.pegtoiaa watepsted aiaayses ti wttct basti modeas tave iot yet beei deveao,ed by govepitig ageictess

 wtaa ovepsee tte coistplcttoi tis,ecttoi sepvtces fop Dtstptct ,pooectss Gapy bptigs mope ttai 0 8 yeaps of ftea d ex,epteice to tte team aid ts a ,D , N ,D S Cepttfted Stopmwatep 3 is,ectops H e tas ,povtded coistplcttoi tis,ecttoi sepvtces fop maiy ,pooects ti Sapasota aid Maiatee Colittess
Tte H etdt D estgi team tales ,ptde ti ,povtdtig com,peteistven tectitcaaay solid soa lttois to olp cateitsn destgin ,epmttttig aid coitpact maiagemeit ctaaaeigess We coittile to wopl tapd to ,epfect tte pe,ltattoi fop Qlaatty destgi staidapds aid pes,oistveiesss H etdt Destgin s ,pofesstoiaa staff ,ossesses tte Qlaatftcattois aid ex,epteice to slccessflaay meet aiy aid aa a Dtstptct eigtieeptig ieedss

4

As prevtolsay meittoiedl H etdt Destgi tas a tremeidols amolit of experteice worrtig wttt bott deveaopers of aarge master paaiied commlitttes aid Commlitty Deveaopmeit Dtstrtcts assoctated wttt ttose commlitttess Tte compaete reslmes of olr professtoiaas ticalde paaiitigl destgi aid maiagemeit experteice for over 40 prooects ttat eicompass $ 000 acres or mores Ttese prooects titereitay reQltre servtces stmtaar to ttose ttat may be reQlested by tte Dtstrtcts We tave ticalded severaa exampaes of ttese prooects ti tte Staidard 3 3 0 forms attacted towever maiy more exampaes aid refereices cai be provtded tf so destreds

As oie of tte premter destgi ftrms ti tte Tampa Bay Areal H etdt Destgi provtdes ai exteistve atst of servtces to ttetr plbatc aid prtvate cateitss .aease ftid a brtef descrtpttoi of maiy of tte servtces olr ftrm provtdes beaow+

As prevtolsay meittoiedl H etdt Destgi tas or ts clrreitay servtig as tte Dtstrtct rigtieer for tweity -( 0) Commlitty D eveaopmeit Dtstrtctss Servtces raige from asststtig wttt tte estabatstmeit of tte Dtstrtct to oigotig servtces oi ai as ieeded bastss

Olr Dtstrtct rigtieer Servtces tica lde+
Board of Slpervtsor meettig atteidaice & preparattoi of iecessary reports

.reparattoi	of	reQlested	Coistrlcttoi Drawtigs aid Spectftcattoi

Master Matiteiaice exttbtts	•	4eQltstttoi revtew
CDD rstabatstmeit Slpport	•	Coistrlcttoi Certtftcattois
Master rigtieerr s 4eport	•	N .DrS .ermttttig & Compa taice
Boid Vaatdattoi asststaice	•	.lbatc 8acta tttes 4eports

Stormwater Coaaecttoi & Treatmeit System 9 ispecttois
.ermttttig ttrolgt aa a reglaatory ageictes
-aocaal state & federaa )

Stormwater	System	Moittortig	& Matiteiaice 4eports
Btd pacrage preparattoi

Tte H etdt Destgi Team provtdes eigtieertig destgi aid coislatattoi servtces to plbatc aid prtvate sector cateits from preatmtiary stte evaalattoi to compaettoi aid acceptaice of a prooect by reglaatory ageictess Olr mtsstoi ts to deveaop eigtieertig soalttois ttat ticorporate tte vtstoi of olr ca teitss pa aiitig coiceptss Olr soalttois are practtcaal ecoiomtcaa aid acceptabae to goveritig ageictes wttae protecttig tte teaattl safety aid weafare of tte plbatcs

Orr Destgn Servtces tncardee
Regtonaa H ydroa ogtcaa & Srrface Waser Ssrdtes

Roadway	I nsersecston	I mprovemenss Destgn

Masser Ssormwaser Paanntng & Destgn	•	Restdenstaa Stse Deveaopmens
Masser Wassewaser Paanntng & Destgn	•	"rban I nftaa & Resrofts Destgn
Masser Waser Paanntng & D estgn	•	Commerctaa Stse Deveaopmens
Stse Spectftc I nfrassrrcsrre Destgn	•	I ndrssrtaa Stse Deveaopmens

Ssormwaser	Coaaecston	&	Treasmens Syssems
Waser & Recaatmed Waser Dtssrtbrston Syssems
Wassewaser Coaaecstonn  Prmp Ssaston &
,orce Matn Syssems

Permtsstng strorgt aa a regraasory agenctes 'aocaan ssase & federaa l
N PD+ S Permtsstng & Compa tance

H etds Destgnn s Conssrrcston I nspecston Deparsmens provtdes crtstcaa coordtnaston besween ste catensn ste destgn engtneern ste consracsorn and governmensaa agenctest I n addtstonn coordtnaston wtst ste seamn s conssrrcston ssaktng crews ensrres stas orr prooecss are caoseay montsored and stas stsetspectftc ctaaaenges are mes wtst mtntmaa deaayt We ssay crrrens on aa a regraasory ctanges stas tmpacs ste conssrrcston process and ssay engaged wtst agency tnspecsors so we can factatsase ste procedrres for prooecs tnspecston and caosetorst We aaso matnsatn ste foaaowtng cerstftcastonse
CTQP - +arstwork Conssrrcston I nspecston 4eveas l & 2
CTQP - Asptaa s Pavtng 4eveas l & 2
CTQP - Concrese ,tead Tectntctan - 4evea l
ACI Concrese ,tead Tesstng Tectntctan - Grade l
,DOT Concrese ,tead I nspecsor Spectftcaston
N rcaear Radtaston Safesy Tratntng
,D+ P NPD +S Cerstfted Ssormwaser I nspecsor
H AZMAT Tratntng
"' CTQP ts ste ,DOT Conssrrcston Tratntng Qraatftcaston Program

Orr I nspecston Servtces tncardee
Roadway Srbgraden Basen Crrb & Asptaas I nspecston
Resrass	Observaston	of	Pressrre	Ptpe Pressrre Tesss

Revtew	of	Conssrrcston	Progress	Pay ReQresss
Preparaston	&	Processtng	of	Record Drawtngs

4amptng & Teaevtstng of Santsary Sewer 4tnes	•	Revtew of Tess Reporss
Wassewaser Prmp Ssaston Ssarstrps	•	Prncttatss & ,tnaa I nspecstons
Revtew of Ctange Orders	•	Revtew of Stop Drawtngs

H etdt D estgi ts seistttve to tte fact ttat cpeattig aid meettig lpooect sctedraes ts cptttcaa to tte ovepaaa srccess of a lpooects Tte Dtstptct .igtieep wtaa be pesloistbae fop cpeattig a lpooect sctedrae ttat
accorits fop tte esseittaa ttems iecessapy to deatvep tte titeided wopk lpodrct oi ttmes .op aapgep
lpooectss tte sctedrae wtaa be deveaoled rttatitig Mtcposoft .pooect aid wtaa atik deleideit tasks srct
ttat tte cptttcaa latt tasks cai be eastay tdeittfted aid tpackeds Tte lpooect sctedra e wtaa be dtstptbrted to tte cateit aid aaa team membepss
.op aa a lpooectss H etdt Destgi rses two slectftc weekay staff meettigs to asstst lpooect maiageps ti aa aocattig pesorpces aid to aittctlate tasks wttt stgitftcait aead ttmes srct ttat sctedraes ape iot
deaayeds .pooect maiageps meet wttt destgi aid lepmttttig staff to dtscrss tidtvtdraa lpooectss Ovepaaa
sctedraes ape dtscrssed aid ottep team membeps ape tifopmed of rlcomtig ieeds aid tasks ttey may be peQrtped to lepfopms Tte secoid staff meettig ts tea d to asstgi pesorpces to slectftc lpooects fop tte
foaaowtig weeks .act staff membepr s wopk aoad ts pevtewed aid adorstmeits ape made tf addtttoiaa pesorpces ape ieeded to matitati a lpooectr s sctedraes
Ottep meettigs ttat ape tealfra ti matitatitig lpooect sctedraes ape lpensrbmtttaa coifepeices wttt
ageictess titepiaa lpendestgi meettigs aid pegraapay sctedraed meettigs wttt tte cateit aid ottep team membepss .pensrbmtttaa coifepeices ape tealfra ti ridepstaidtig tte gporid praes fop tte lepmttttig of tte lpooects Taktig ttme to exlaati tte detatas of a lpooect to ageicy pevteweps aid tavtig a caeap
ridepstaidtig of ttetp coicepis aid exlectattois goes a aoig way to mtitmtie pevtew commeits aid loteittaa deaayss ) itepiaa lpendestgi meettigs aaaow ttme fop tte lpooect team to dtscrss tte lpooect toa tsttcaa ay aid to ask Qresttois of eact ottep ti opdep to eisrpe eact team membep tas a caeap
ridepstaidtig of tte tasks at taids Tte lpooect sctedra e ts dtscrssed aid mtaestoie dates aid deadaties ape estabatsteds Regraap team meettigs wttt tte ca teit aa aow fop tte cateit to stay tifopmed aid rl to
date oi tte statrs of tte lpooect as weaa as to lpovtde Qraatty face to face ttme wttt tte team to dtscrss tmloptait slectftcs ttat may ieed to be addpesseds
H etdt D estgi ticoplopates a systemattc Qraatty assrpaice aid Qraatty coitpoa lpogpam titeided to eisrpe tte Qraatty of aaa aslects of a lpooects Tte titepiaa lpocess emlaoys seitop staff iot dtpectay tivoaved wttt tte lpooect to pevtew aid commeit oi tte lpooect as oboecttveay as losstbaes ) tems ape ctecked to
coiftpm ttat aaa peloptss ca teit pecommeidattoiss pevtew commeits aid geiepaa destgi lpocedrpes tave
beei accommodateds We pecogitie ttat wtei destgis ape lpolepay pevtewed aid ctecked tte pesra t ts ai efftcteit destgi aid a cost effecttve lpodrct oi tte gporid wttct ti trpi teals lpooects come ti oi
brdgets
Aiottep way H etdt Destgi wopks to teal lpooects stay oi brdget ts by lepfopmtig a coistprctabtatty pevtew of orp la aiss Ttts ts a " tttpd lapty pevtew. ti ttat tintorse coistprcttoi tislecttoi lepsoiiea
lepfopm ttts pevtew ti coioricttoi wttt tte lpodrcttoi of mateptaa takenoffs aid esttmated lptctigs Ttese membeps of tte H etdt Destgi team ape orp eyes aid eaps ti tte ftead aid lpovtde tte coistprcttoi aevea

detata aid kiowaedge peQrtped to take tte ppooect fpom tte eigtieeptig destgi to tte ftitsted ppodrctt Tte pevtew of tte ppooect ttporgt tte eyes of coistprcttoi mtided pepsoiiea aaaows H etdt D estgi to cpeate a destgi ppodrct ttat ts bott easy to ridepstaidt favopabae to btd aid efftcteit to coistprctt Ttts addtttoiaa pevtew pesrats ti fewep ctaige opdeps aid pedrces tte poteittaa fop costay ttme deaays drptig coistprcttoit
Wttae iot evepy ppooect fop tte Dtstptct worad peQrtpe ttts aevea of effoptt tte ppocess of tdeittfytig aid aa aocattig pesorpces to meet tte ieeds of tte Dtstptct to addpess tssres as ttey aptse ts extpemeay tmpoptait to tte srccess of tte Dtstptct aid tte sattsfacttoi of tts pestdeitst H etdt tas tte pesorpces aid ppocesses ti paace to ppovtde cost effecttve soarttois ti a ttmeay maiiep to tte Dtstptctt

H etdt D estgi tas capactty to wopk fop tte Dtstptctt We ape crppeitayopepattig at 80% of orp capactty aid ape ppooecttig to opepate at a stmtaap capactty ti tte iext yeapt Addtttoiaaayt ttporgt tte sctedratig aid staff pesorpctig effopts ppevtorsay descptbed aid coittirtig to acQrtpe ortstaidtig taaeitt we ape faextbae to adorst pesorpce aaaocattois as ieeded to meet aiy gtvei demaidt We ape coiftdeit we cai effecttveay ppodrce fop tte Dtstptctt

E . RE SU M E S OF KE Y P E RSON N E L P ROP OSE D F OR TH · S CON TRACT
ºCcmpJeie cne Secilcn E fcr each key perocnÎ )
( 2a N AI\ E
Striekland T. Smith	( (a ROLE T N TH T S CON TRACT
D g strg ct Er rg r eer ar d P rg r cg p al g r cr arre	( 4a YEARS E âIERT EN CE	
		äa TOTAL
 3	b a WT TH CU RREN T F T RI\
n 5	

( 5a F T RI\ N AI\ E AN D LOCATT ON ºCliy and Siaie)
Heidt Designs LLC. Tampas FL
( 6a EDU CATT ON ºDEGREE AND SPEC(AL(ZAT(ON)
University of Central Florida
Baehelor of Seienee in Civil Engineering

( 7a CU RREN T IROF ESST ON AL REGT STRATT ON ºSTATE AND D(SC(PL(NE)
Florida Registered Professional Engineer No. .06.2

( 8a OTH ER IROF ESST ON AL QU ALT F T CATT ON S ºPuiJJlcailcnoe Organlzailcnoe Tralnlnge Awardoe eicÎ )
Tampa Bay Builders Ass oeiation ,TBBA)s Manatee1Sarasota Building 0ndustry Ass oeiation ,MSB0A)

1 9. RE LE VAN T P ROJE CTS

a.	( ( ) TT TLE AN D LOCATT ON ºCliy and Siaie)
FishHawk Raneh West Phases 2s 3s 4s . and 6 Hillsborough Countys FL	( 2) YEAR COI\ILETED	
		IROF ESST ON AL SERJT CE S
200 0 1200 7	CON STRU CTT ON º(f appJlcaiJJe)
Complete	
	(() BRT EF DESCRT ITT ON ºBrlef occpee olzee ccoie eicÎ )  AN D SIECT F T C ROLE	x	C' eck if project periforred w t' cu rren t if rr	
	Prooeet manager and eommunity development distriet ,CDD) engineer for this 4s000 aeres Development of Regional 0mpaet
,DR0) in eastern Hillsborough County. Responsible for the design and permitting of all eomponents of the eommunity ineluding master roadwayss utilitiess and lot development. Handled all duties required of the CDD engineer during this time period.	

b.	( ( ) TT TLE AN D LOCATT ON ºCliy and Siaie)
Waierl t n ,fka G reen I sl an d Ran ch )s Osceol a Cou n iys , L	( 2) YEAR COI\ILETED	
		IROF ESST ON AL SERJT CE S
On g ot n g	CON STRU CTT ON º(f appJlcaiJJe)
Tr rog r r	
	(() BRT EF DESCRT ITT ON ºBrlef occpee olzee ccoie eicÎ )  AN D SIECT F T C ROLE	x	C' eck if project periforred w t' cu rren t if rr	
	P ro[ect M ar arer resp or sg b l e for tr e d esg rr ar d p errr g ttg r r of for several p h ases of a M asier P l an n ed Comm u n t iy con st sit n o 000 rest d en it al u n t is an d 2r 5 m t l es of col l ecior road waysr	

C.	( ( ) TT TLE AN D LOCATT ON ºCliy and Siaie)
B ou rr esg d e B l vd r N ortr P r ase I I an d B ou rn st d e B l vd { Sou ih P h ase I & I I Manatee Countys FL.	( 2) YEAR COI\ILETED	
		IROF ESST ON AL SERJT CE S
200 61200 8	CON STRU CTT ON º(f appJlcaiJJe)
O ngoing	
	(() BRT EF DESCRT ITT ON ºBrlef occpee olzee ccoie eicÎ )  AN D SIECT F T C ROLE	x	C' eck if project periforred w t' cu rren t if rr	
	€roƒect Manager responssibe for tte dessgn and permsttsng of approxsmateb,!y 2 2 2 msb es of 4™ban e cobbector road for tte ša›ewood Ran ct Stewardstsp Dsstrsct2	

d.	( ( ) TT TLE AN D LOCATT ON ºCliy and Siaie)
Harbour 0sle
City of Bradentons FL	( 2) YEAR COI\ILETED	
		IROF ESST ON AL SERJT CE S
200 0 1200 9	CON STRU CTT ON º(f appJlcaiJJe)
On1going	
	(() BRT EF DESCRT ITT ON ºBrlef occpee olzee ccoie eicÎ )  AN D SIECT F T C ROLE	x	C' eck if project periforred w t' cu rren t if rr	
	Prooeet manager for this 686 unit master planned eommunity on Perieo 0sland in the City of Bradenton. Prooeet eonsis ts of over 6s800 LF of eolleetor road and master utilities ineluding two lift stations. Prooeet amenities inelude a ± 0 8 s000 SF Beaeh Clubs two poolss poeket parkss and walking paths. A marina is eurrently being designed and permitted.	

e.	( ( ) TT TLE AN D LOCATT ON ºCliy and Siaie)
Solera at Lakewood Raneh Manatee County FL.	( 2) YEAR COI\ILETED	
		IRO a ESST ON AL SERJT CE S
F
200 71200 9	CON STRU CTT ON º(f appJlcaiJJe)
Ong¥ong	
	(() BRT EF DESCRT ITT ON ºBrlef occpee olzee ccoie eicÎ )  AN D SIECT F T C ROLE	x	C' eck if project periforred w t' cu rren t if rr	
	Prooeet manager for this 488 unit master planned eommunitys ineluding ± 30 aeres of eommereial usess in Manatee County. Prooeet ineludes 2s400 LF of eolleetor roadways ineluding turn lane improvements to US 300 and S. R. 62.	

n g of

STAN D ARD F ORM 330 ( 6'2JJ4) P AGE 2

E . RESU M ES OF KEY PERSON N EL PROPOSED FOR TH ? S CON TRACT
(Complete one Section E for each key person- )
1 2. N Al\t E

Ai an Carson ‚ P . E .	1 3. ROLE I N TH I S CON TRACT

Sen i or E n g i n eer‚ Drai n age/U ti i i ty Desi gn	1 K. YEARS EMPERI EN CE	
		a. TOTAL
27	b . WI TH CU RREN T F I Rl\t
1 4	
1 5. F I Rl\t N Al\t E AN D LOCATI ON (City and State)
H ei dt Desi gn ‚ LLC - Tampa‚ FL
1 T. EDU CATI ON (Segree and Specialization)	1 7. CU RREN T PROFESSI ON AL RERI STRATI ON (State and Siscipline)	
Bach ei or of Sci en ce i n Ci vi i E n g i n eeri n g ‚ F i ori da State U n i versi ty
M aster of Ci vi i E n g i n eeri n g ‚ U n i versi ty of Sou th F i ori da	Regi stered Professi on ai E n g i n eer N u mber 59280 State of F i ori da	
1 8.  OTH ER PROFESSI ON AL QU ALI F I CATI ON S (Publications, Organizations, Training, Awards, etc- )
Compi eted trai n i n g cou rses i n Stream M orph oi ogi cai Assessmen ts an d N atu rai Ch an n ei Desi gn Pri n ci p i es.

1 9. RE LE VAN T PROJE CTS

a.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Waterl : r ¦fka Greer ª sl ard Rarch ° ) Osceol a Cou r ty) FL	. 2) YEAR COl\tPLETED	
		PROFESSI ON AL SERVI CES
Or-go: rg	CON STRU CTI ON ((f applicable)
Or-go: rg	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm

Ser: or Des: gr E rg: reer for a several ph ases of a M aster P l arred Commu r : ty cors: st: rg of 1 ) 000 res: dert: al u r : ts ard 2Å 5 m : l es of col l ector roadwaysÅ Serv: ces prov: ded for th : s project : rcl u de des: gr su perv: s: or ard QA/QC for stormwater maragemert	

b.	. 1 ) TI TLE AN D LOCATI ON (City and State)
E ppersor) Pasco Cou r ty) FL	. 2) YEAR COl\tPLETED	
		PROFESSI ON AL SERVI CES
2021	CON STRU CTI ON ((f applicable)
2025	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Sen i or Drai n age Desi gn E n g i n eer for a 1 ‚ 020 acre commu n i ty con si sti n g of 1 ‚ 400 resi den ti ai u n i ts an d 20‚ 000 squ are feet of commerci ai u ses. Servi ces provi ded for th i s project i n ci u de desi gn su pervi si on s an d QA/QC for con stru cti on p i an s i n ci u d i n g water d i stri bu ti on ‚ sewer coi i ecti on ‚ stormwater man agemen t faci i i ti es‚ an d roadway desi gn an d permi tti n g .	

c.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Starkey Rarch ) Pasco Cou r ty) FL	. 2) YEAR COl\tPLETED	
		PROFESSI ON AL SERVI CES
2021	CON STRU CTI ON ((f applicable)
2023	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm

Ser: or Des: gr E rg: reer for mu l : tp l e ph ases of a 2) 500 acre M aster P l arred Commu r : ty) : rcl u d : rg res: dert: al u r : ts) commerc: al areas ard parksÅ Serv: ces prov: ded for th : s project : rcl u de des: gr su perv: s: or ard QA/QC for stormwater maragemert	

d.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Lat: tu de M argar: tav: l l e Watersou rd) Bay Cou r ty) FL	. 2) YEAR COl\tPLETED	
		PROFESSI ON AL SERVI CES
Or-go: rg	CON STRU CTI ON ((f applicable)
Or-go: rg	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Drai n age Desi gn E n g i n eer for a 0. 5 m i i e wi den i n g project for Commerce Park Bou i evard i n N ew Tampa. E xi sti n g two
i an e faci i i ty wi den ed to fou r i an es wi th i n exi sti n g ri gh t-of-way. Respon si b i e for desi gn of roadsi de d i tch es‚ storm sewer system‚ si de drai n si ii n g an d E RP permi tti n g .	

e.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Bel l Sh oal s Road) H : l l soorou gh Cou r ty) FL	. 2) YEAR COl\tPLETED	
		PROFESSI ON AL SERVI CES
201 8	CON STRU CTI ON ((f applicable)
2022	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Ser: or Dra: rage Des: gr E rg: reer for a 4 m : l e roadway w: der: rg project for Bel l Sh oal s Road : r H : l l soorou gh Cou r tyÅ Serv: ces prov: ded for th e project : rcl u de stormwater maragemert system des: gr ) model : rg ard perm: tt: rg Å Add: t: oral serv: ces	

E . RESU M ES OF KEY PERSON N EL PROPOSED FOR TH ? S CON TRACT
(Complete one Section E for each key person- )
1 2. N A, E

M r ch ael Dmytryk‡ P ) E )	1 3. ROLE I N TH I S CON TRACT

Lead E rgr reer	1 K. YEARS EMPERI EN CE	
		a. TOTAL
1 9	b . WI TH CU RREN T F I R,
1 5	
1 5. F I R, N A, E AN D LOCATI ON (City and State)
H er dt Desr gr ‡ LLC Tampa‡ FL
1 T. EDU CATI ON (Segree and Specialization)	1 7. CU RREN T PROFESSI ON AL RERI STRATI ON (State and Siscipline)	
Bach el or of Scr erce r r Cr vr l E rgr reerr rg	Regr stered Professr oral E rgr reer N u mber 76889	
U r r versr ty of Sou th F l orr da	State of F l orr da	
Specr al r zatr or r r H ydrau l r cs ard Water Resou rces		
1 8.  OTH ER PROFESSI ON AL QU ALI F I CATI ON S (Publications, Organizations, Training, Awards, etc- )

1 9. RE LE VAN T PROJE CTS

a.	. 1 ) TI TLE AN D LOCATI ON (City and State)

Latr tu de M argarr tavr l l e Watersou rd Area 1 Ph ase 1 Th ru 5B	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
2022	CON STRU CTI ON ((f applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Desr gr E rgr reer for approxr matel y 1 ‡ 365-acre master p l arred commu r r ty r rcl u d r rg sr rgl e fam r l y devel opmert ard col l ector roadway) Desr gred roadway PGL¨s ard l ot gradr rg al org wr th stormwater corveyarce systems ard sarr tary sewer col l ectr or systems) Coordr rated corfl r cts betweer u tr l r tr es ( water/sewer) ard drar rage ( storm p r pe))	

b.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Wol f Creek Ph ase A th ru Ph ase G H r l l sborou gh Cou r ty‡ F l orr da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
2008	CON STRU CTI ON ((f applicable)
2009	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Desr gr E rgr reer for approxr matel y 1 ‡ 035-acre master p l arred commu r r ty r rcl u d r rg sr rgl e fam r l y devel opmert ard col l ector roadway) Desr gred roadway PGL¨s ard l ot gradr rg al org wr th stormwater corveyarce systems ard sarr tary sewer col l ectr or systems) Coordr rated corfl r cts betweer u tr l r tr es ( water/sewer) ard drar rage ( storm p r pe))	

c.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Sereroa Vr l l age 4 Lake Cou r ty‡ F l orr da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
2022	CON STRU CTI ON ((f applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Desr gr ergr reer for approxr matel y 50-acre mu l tr -fam r l y devel opmert) Desr gred drr vel ar sl es‡ parkr rg ard bu r l d r rg gradr rg al org wr th stormwater corveyarce systems ard sarr tary sewer col l ectr or systems) Coordr rated corfl r cts betweer u tr l r tr es ( water/sewer) ard drar rage ( storm p r pe)) Al so‡ desr gred potabl e water d r strr bu tr or system)	

d.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Towrs at Woodsdal e Ph ase 1 & 2 Pasco Cou r ty‡ F l orr da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
2021	CON STRU CTI ON ((f applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Desr gr ergr reer for approxr matel y 77-acre sr rgl e fam r l y devel opmert) Desr gred overal l master stormwater model r rg) Desr gr roadway PGL¨s ard l ot gradr rg al org wr th stormwater corveyarce systems ard sarr tary sewer col l ectr or systems) Coordr rated corfl r cts betweer u tr l r tr es ( water/sewer) ard drar rage ( storm p r pe))	

e.	. 1 ) TI TLE AN D LOCATI ON (City and State)
Cresswr rd Del ard
Cr ty of Del ard‡ Vol u sr a Cou r ty‡ F l orr da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
2021	CON STRU CTI ON ((f applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm
Desr gr ergr reer for approxr matel y 320-acre sr rgl e fam r l y devel opmert) Desr gred M aster P l ars for sarr tary sewer col l ectr or system‡ potabl e ard recl ar m water d r strr bu tr or system‡ ard overal l master stormwater model r rg)	

E . RESU M ES OF KEY PERSON N EL PROPOSED FOR TH ? S CON TRACT
(Complete one Section E for each key person- )
1 2. N A, E

Gary Brooks	1 3. ROLE I N TH I S CON TRACT

Corstru .tt or � rspe.tor	1 K. YEARS EMPERI EN CE	
		a. TOTAL
1 8	b . WI TH CU RREN T F I R,
9	
1 5. F I R, N A, E AN D LOCATI ON (City and State)

1 T. EDU CATI ON (Segree and Specialization)

1 7. CU RREN T PROFESSI ON AL RERI STRATI ON (State and Siscipline)

H et dt Dest gr t LLC - Tampat FL
1 8.  OTH ER PROFESSI ON AL QU ALI F I CATI ON S (Publications, Organizations, Training, Awards, etc- )

1 9. RE LE VAN T PROJE CTS

a.	. 1 ) TI TLE AN D LOCATI ON (City and State)

Reagar Lardt rgt M aratee Cou r tyt F l ort da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
Orgot rg	CON STRU CTI ON (df applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm	

b.	. 1 ) TI TLE AN D LOCATI ON (City and State)

Sh ores at Stt l l vatert Sarasota Cou r tyt F l ort da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
Orgot rg	CON STRU CTI ON (df applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm	

c.	. 1 ) TI TLE AN D LOCATI ON (City and State)

Storegate Preservet M aratee Cou r tyt F l ort da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
Orgot rg	CON STRU CTI ON (df applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm	

d.	. 1 ) TI TLE AN D LOCATI ON (City and State)

E meral d Lardt rgt Sarasota Cou r tyt F l ort da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
Orgot rg	CON STRU CTI ON (df applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm	

e.	. 1 ) TI TLE AN D LOCATI ON (City and State)

Sapph t re Pot r tt M aratee Cou r tyt F l ort da	. 2) YEAR CO, PLETED	
		PROFESSI ON AL SERVI CES
Orgot rg	CON STRU CTI ON (df applicable)	
	. 3) BRI EF DESCRI PTI ON (Brief scope, size, cost, etc- ) AN D SPECI F I C ROLE	Creck j if project periformed wj tr cu rren t ifj rm	

F EXAM PLE PROJECTS WH U CH BEST U LLU STRATE PROPOSED TEAM S QU ALU F U CATU ON S FOR TH U S CON TRACT
,Prese ni as ma ny pro }e cis as re quesied by ihe a gency@ o r A 0 pro}ecis@ ,f
noi spec,f,e dt C ompGe ie o ne Se ci,on F for e ach pro}ecit )		20. EXAM PLE PROJECT KEY N U M BER	
			
2( . TL TLE AN D LOCATL ON ,C,iy and Siaie)	22. YEAR COM PLETED

PRO) ESSL ON AL SERVL CE S	CON STRU CTL ON ,(f appG,cabGe)
On-going	On-going

Belmont CDD Hillsborough Countyy FL
	23 PROJECT OWN ER S U N FORM ATU ON	

a. PROJECT OWN ER
Belmont CDD

m . POL N T O) CON TACT
Christine Perkinsy Rizzetta

c. POL N T O) CON TACT TELEPH ON E N U M BER
u(8 3) 533-2950

24. BRL E) DESCRL PTL ON O) PROJECT AN D RELEVAN CE TO TH L S CON TRACT

The Belmont communityy located in Hillsborough Countyy FLy contains over 2y8 20 s ingle family attached and detached res idential homess Also included in this development are a large community recreation centery elementary school s itey and county park sites

Winding through the development are over 7y,00 linear feet of four-lane divided collector road leading from US 308 s Located on the west s ide of the development is a s ignificant wetland and upland habitat natural preserve areay as sociated with Bull Frog Creeks The preservation of this environmental community is a cornerstone of the development principless

Heidt Design has performed numerous designs for the various phases of development including all aspects of design and permittingy planningy and construction engineering s ervicess Heidt Design participated in the CDD creation/ validation and also participates in the on-going functions of the community by s erving as District Engineers

25 F U RMS FROM SECTUON C UN VOLVED WUTH THUS PROJECT	

 a	’( ) ) L RM N AM E
Heidt Designy LLC	’2) ) L RM LOCATL ON ,C,iy and Siaie)
Tampay FL	’3) ROLE
Engineeringy Landscape Architecturey CDD Engineery Ecological Services	

 b	’( ) ) L RM N AM E	’2) ) L RM LOCATL ON ,C,iy and Siaie)	’3) ROLE	

 .c	’( ) ) L RM N AM E	’2) ) L RM LOCATL ON ,C,iy and Siaie)	’3) ROLE	

 d	’( ) ) L RM N AM E	’2) ) L RM LOCATL ON ,C,iy and Siaie)	’3) ROLE	

 .e	’( ) ) L RM N AM E	’2) ) L RM LOCATL ON ,C,iy and Siaie)	’3) ROLE	

 f	’( ) ) L RM N AM E	’2) ) L RM LOCATL ON ,C,iy and Siaie)	’3) ROLE	
STAN DARD FORM 330 ’6 /2004) PAGE 1 6

F . E XAM P L E P ROJE CTS WH CH BEST L L U STRATE P ROP OSE D TE AM S
QU AL F CAT ON S FOR TH S C ON TRAC T
 Preseni as many projecis as requesied by ihe agency, or - 0 projecis, ,f noi spec,f,edt
Comp3eie one Seci,on F for each projecit
2( . TF TL E AN D LOCATF ON C,iy and Siaie)

20. E XAM P L E P ROJ E CT KE Y
N U M B E R

YEAR COM P L E TE D

Connerton CDD
Pasco Countyl FL

P RO) E SSF ON AL SE RVF CE S  CON STRU CTF ON (f app3,cab3e)

PROJECT OWN E R_S F N ) ORM ATF ON

a. PROJECT OWN E R
Corre-tor West CD D

g . POF N T O) CON TACT N AM E
G-eg Coxa Rv izizetta

c. POF N T O) CON TACT TE L E P H ON E N U M B E R
8( 3-533-2950

B RF E ) D E SCRF P TF ON O) P ROJ E CT AN D RE L E VAN CE TO TH F S CON TRACT (nc3ude scope, s,ze, and cosi)
Connerton ss West Florsda|s only New Town - a plannedl famsly-frsendly and envsronmentally conscsous communsty spread across 4l 8 00 acres sn Pasco Countys Upon completsonl the communsty wsll accommodate approxsmately 8 l 700 homes and more than 3 msllson ssquare feet of commercsal space for offscel retasll governmentl medscal and sndustrsal usess
Key Hesdt Dessgn personnel have been sn a leadershsp role sn all aspects of the plannsngl dessgnl permsttsng and constructson of thss
communstys From sts snceptsonl Hesdt has managed the Development of Regsonal ”mpactl varsous NOPC modsfscatsons and land plannsng phasess Hesdt has also handled the dessgnl permsttsngl plattsng and constructson phase servsces for all of the ressdentsall towncenterl amenstyl commercsal and offsce uses developed to dates
Ressdents of Connerton enjoy asquatsc playgroundsl a fstness centerl an outdoor amphstheatre and extenssve trasl systems dessgned to connect everyone to the natural envsronment wsthout knowsng that a mults-dsscsplsned team of professsonals navsgated a complex regulatory process to achseve the developer|s goalss Expansson and redssgn of some of these facslstses were dsrected by the CDD whsle Hesdt served as the Dsstrsct Engsneers

) F RM S ) ROM SECTF ON C F N VOL VE D WF TH TH F S P ROJ E CT

™ ( ) ) F RM N AM E
a. H ev dt D esv gr a L L C

™2) ) F RM LOCATF ON C,iy and Siaie)
Tarraa ) L

™ 3) ROL E
Cv rv Ÿ E r g v r ee-v r g a L ar d scare A-ch v tectu -ea CD D
Ergv ree-a EcoŸogvcaŸ Se-rv ces

™ ( ) ) F RM N AM E	™2) ) F RM LOCATF ON C,iy and Siaie)	™3) ROL E
g .

™( ) ) F RM N AM E	™2) ) F RM LOCATF ON C,iy and Siaie)	™ 3) ROL E
c.

™( ) ) F RM N AM E	™2) ) F RM LOCATF ON C,iy and Siaie)	™ 3) ROL E
d .

™( ) ) F RM N AM E	™2) ) F RM LOCATF ON C,iy and Siaie)	™ 3) ROL E
e.

™ ( ) ) F RM N AM E	™2) ) F RM LOCATF ON C,iy and Siaie)	™ 3) ROL E
f.

STAN D ARD FORM 330 ™RE V. 7/202( ) P AG E 3

Page 110

F EXAM PLE PROJECTS WH U CH BEST U LLU STRATE PROPOSED TEAM S QU ALU F U CATU ON S FOR TH U S CON TRACT
,Prese ni as ma ny pro }e cis as re quesied by ihe a gency@ o r A 0 pro}ecis@ ,f
noi spec,f,e dt C ompGe ie o ne Se ci,on F for e ach pro}ecit )		20. EXAM PLE PROJECT	
	KEY N U M BER	
		
2( . TL TLE AN D LOCATL ON ,C,iy and Siaie)	22. YEAR COM PLETED

PRO) ESSL ON AL SERVL CE S	CON STRU CTL ON ,(f appG,cabGe)
On0going	On0going

Covington Park CDD Hillsborough Co`. FL

23 PROJECT OWN ER S U N FORM ATU ON

a. PROJECT OWN ER
Neeland Communities

n . POL N T O) CON TACT
Alex McLeod

c. POL N T O) CON TACT TELEPH ON E N U M BER
z( 8 1) 6�01555

24. BRL E) DESCRL PTL ON O) PROJECT AN D RELEVAN CE TO TH L S CON TRACT
Covsngton Park ss a 400’acre Master Planned ressdentsal development contasnsng š s ,200 homess The communsty sncludes several parks and an elementary schools Whsle at Hesdt & Assocsatess key Hesdt Dessgn personnel provsded a full range of plannsngs surveysngs engsneersngs envsronmental and constructson phase servsces for Covsngton Parks Hesdt assssted wsth the entstlement plannsng and performed land plannsng servscess Survey servsces sncluded boundarys topographsc and tree surveyss legal descrsptsons and plattsngs Engsneersng servsces snvolved all aspects of dessgn and permsttsng from Master Plans through utslstys stormwater and roadway snfrastructure constructson plans and permstss Also sncluded ss envsronmental dessgn and permsttsng and constructson snspectson and certsfscatson actsvstsess Hesdt Dessgn also partscspates sn the on’gosng functsons of the communsty by servsng as Dsstrsct Engsneers whsch ss currently undergosng a major park renovatson projects

25 F U RM S FROM SECTU ON C U N VOLVED WUTH TH U S P ROJECT

 a	° ( ) ) L RM N AM E
Heidt Design. LLC	° 2) ) L RM LOCATL ON ,C,iy and Siaie)
Tampa. FL	° 3) ROLE
Civil Engineering. Landscape Architecture. CDD Engineer. Ecological Sevices	

 b	° ( ) ) L RM N AM E	° 2) ) L RM LOCATL ON ,C,iy and Siaie)	° 3) ROLE	

 .c	° ( ) ) L RM N AM E	° 2) ) L RM LOCATL ON ,C,iy and Siaie)	° 3) ROLE	

 d	° ( ) ) L RM N AM E	° 2) ) L RM LOCATL ON ,C,iy and Siaie)	° 3) ROLE	

 .e	° ( ) ) L RM N AM E	° 2) ) L RM LOCATL ON ,C,iy and Siaie)	° 3) ROLE	

 f	° ( ) ) L RM N AM E	° 2) ) L RM LOCATL ON ,C,iy and Siaie)	° 3) ROLE	

STAN DARD FORM 330 °RE V. 8 /20( 6 ) P AGE 1 3

F . EXAM PLE PROJECTS WH CH BE ST LLUSTRATE PROPOSED TE AM S QU AL F C AT ON S FOR TH S CON TRACT
 Preseni as many projecis as requesied by ihe agency- or . 0 projecis- ,f noi spec,f,edt Comp4eie one Seci,on F for each projecit )	20. EXAM P .. E PROJECT KEY N U M BER	
2( . T< T.. E AN D .. OCAT< ON C,iy and Siaie)
Easton Park CDD	22. YEAR COM P .. ETED	
	PRO) ESS< ON A.. SERV< CES
200 5	CON STRU CT< ON  (f app4,cab4e)
200 2	

PROJE CT OWN ER S N FORM AT ON

a. PROJECT OWN ER
Rszzetta & Company	i. PO< N T O) CON TACT
C. Perksns	c. PO< N T O) CON TACT TE.. EPH ON E N U MB ER
n( 0 3 ) 5 3 3 32s50	

BR< E) D ESCR< PT< ON O) PROJECT AN D RE.. EVAN CE TO TH < S CON TRACT

Easton Park ss a 6003unst ssngle famsly ressdentsal communsty located wsthsn the Csty of Tampa. Easton Park ss part of the K3Bar Ranch property that was annexed snto the Csty of Tampa from Hsllsborough County and ss home to one of the fsrst recognszed wsldlsfe corrsdors wsthsn the csty lsmsts. Thss wsldlsfe corrsdors sncludsng passsve traslss ss an sntegral part to thss envsronmentally sensstsve development.
The project contasned ssx n6) floodplasn mstsgatson ponds and over thsrteen n0 3 ) stormwater ponds. Many of the ponds were sntegrated wsth Branch Creeks a ssgnsfscant rsversne bassn that requsred bassn flood modelsng.

Servsces provsded by Hesdt Dessgn snclude plannsngs entstlements envsronmentals surveysngs snfrastructure dessgns plattsngs constructson

phase servscess as well as all aspects of locals states and federal permsttsng. Hesdt al s o provsded s e rvs c e s to the Communsty Development Dsstrsct as the Dsstrsct Engsneer provsdsng CDD creatson/valsdatson exhsbstss CDD Engsneer‹ s Reports and msscellaneous CDD Engsneer responssbslstses

F RM S FROM SECT ON C N VOLVED W TH TH S PROJE CT

a.	� ( ) ) < RM N AM E
Hesdt Dessgns LLC	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)
Tampas Florsda	� 3) RO.. E
Csvsl Engsneersngs Landscape Archstectures CDD Engsneer	

b.	� ( ) ) < RM N AM E	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)	� 3) RO.. E	

–.	� ( ) ) < RM N AM E	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)	� 3) RO.. E	

d.	� ( ) ) < RM N AM E	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)	� 3) RO.. E	

e.	� ( ) ) < RM N AM E	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)	� 3) RO.. E	

f.	� ( ) ) < RM N AM E	� 2) ) < RM .. OCAT< ON  C,iy and Siaie)	� 3) RO.. E	

F e E XAM P LE P ROJE CTS WH U CH B E ST U LLU STRATE P ROP OSE D TE AM }S
QU AL U F U CATU ON S F OR TH U S CON TRACT
]Pre se n i a s m a n y pro je c is a s re q u e sie d b y ih e a ge n c y“ o r ” 0 pro je c is“ ,f n o i spe c ,f,e dt C o m pse ie o n e S e c i,o n F fo r e a c h pro je c it )
2( . T TLE AN D LOCAT ON ]C,iy and Siaie)

20. EXAMPLE PROJECT
KEY NUMBER

22. YEAR COMPLETED

FishHawk CDDs xIs IIs IIIs & IIV)	PRO) ESS ON AL SERV CES	CON STRU CT ON ](f apps,cabse)
Onwgoing	Onwgoing
23e P ROJE CT OWN E R}S U N FORM ATU ON

a. PROJECT OWNER
Newland Communities

„. PO NT O) CONTACT
Alex McCleod

c. PO N T O) CONTACT TELEP- ON E NU M BER
x8, 3) 620w3555

24. BR E) DESCR PT ON O) PROJECT AN D RELEVAN CE TO T- S CON TRACT

A 3s000 Acre master planned communitty in Hills borough Countty that accommodates more than 5 s, 00 homes and more than 480s000 square feet of commercials office and retail usess FishHawk Ranch offers residents walkable neighborhoods with more than 20 miles of nature trails connecting schoolss parks s amenities s and Park Square Towncenters FishHawk provides a varietty of residential sttyles and mixed uses while preserving more than o ne third of the propertty as environmental habitats
Services provided bty Heidt Des ign pers onnel included plannings entitlements environmentals s urvetys infras tructure des igns platting and cons truction phas e s ervices s as well as all as pects of locals s tate and federal permittings From the Development Regional Impact and Mas ter Planning to res identials towncenter and commercial infras tructure des igns the leaders hip and as sociates of Heidt Des ign has provided the full range of development related s ervices s Heidt Des ign continues to provide these s ervices for land acquis itions s development expans ions and off s ite improvements s
Heidt Des ign als o participates in the ongoing functions of the communitty bty s erving as Dis trict Engineer for three s eparate communitty deve lopment dis tricts s

25e F U RM S F ROM SE CTU ON C U N VOL VE D WU TH TH U S P ROJE CT

ea	X ( ) ) RM N AM E
Heidt Designs LLC	X 2) ) RM LOCAT ON ]C,iy and Siaie)
Tampas FL	X 3) ROLE
Civil Engineerings Landscape Architectures CDD Engineer	

eb	X ( ) ) RM N AM E	X 2) ) RM LOCAT ON ]C,iy and Siaie)	X 3) ROLE	

e.c	X ( ) ) RM N AM E	X 2) ) RM LOCAT ON ]C,iy and Siaie)	X 3) ROLE	

ed	X ( ) ) RM N AM E	X 2) ) RM LOCAT ON ]C,iy and Siaie)	X 3) ROLE	

el	X ( ) ) RM N AM E	X 2) ) RM LOCAT ON ]C,iy and Siaie)	X 3) ROLE	

ef	X ( ) ) RM N AM E	X 2) ) RM LOCAT ON ]C,iy and Siaie)	X 3) ROLE	
STAN D ARD F ORM 330 X 6/2004) P AG E 1 2

F . EXAM PLE PROJECTS WH I CH BEST I LLU STRATE PROPOSED TEAM S QU ALI F I CATI ON S FOR TH I S CON TRACT
 Preseni as many projecis as requesied by ihe agency- or . 0 projecis- ,f noi spec,f,edt

209 EXAM PLE PROJECT KEY N U M BER

	Comp4eie one Seci,on F for each projecit )	
2( 9 TF TLE AN D LOCATF ON C,iy and Siaie)
K-Bar Rarch COO	229 YEAR COM PLETED	
	PRO) ESSF ON AL SERVF CES	CON STRU CTF ON (f app4,cab4e)	
2(9 PROJE CT OWN E RgS F N ) ORM ATF ON

89 PROJECT OWN ER
E u serh ower Prouerry Groo u	f9 POF N T O) CON TACT N AM E
M ark ° J Suada	h9 POF N T O) CON TACT TELEPH ON E N U M BER
8µ 3-9µ 8-4048	
249 BRF E) DESCRF PTF ON O) PROJECT AN D RELEVAN CE TO TH F S CON TRACT  (nc4ude scope- s,ze- and cosi)
K�Bar Ran cr t s a p l an n edr fam t l y�frt en d l y an d en vt ron men tal l y con sct ou s commu n t ty spread across 1 r 020 acres t n Pasco Cou n tys U pon compl ett on r tre commu n t ty wt l l accommodate approxt matel y 1 r ,400 romes an d more tran 20r 000 squ are feet of commerct al space for offt cer retat l r medt cal r an d t n du strt al u sess
Key H et dt Dest gn person n el rave been t n a l eadersrt p rol e t n al l aspects of tre p l an n t n g r dest gn r permt ttt n g r an d
con stru ctt on of tr t s commu n t tys F rom t ts t n ceptt on r H et dt ras man aged tre Devel opmen t of Regt on al § mpactr vart ou s N OPC modt ft catt on s an d l an d p l an n t n g prasess H et dt ras al so ran d l ed tre dest gn r permt ttt n g r p l attt n g r an d con stru ctt on prase servt ces for al l tre rest den tt al r town cen terr amen t tyr commerct al r an d offt ce u ses devel oped to dates
Rest den ts of K�Bar Ran cr en joy aqu att c p l aygrou n dsr a ft tn ess cen terr an ou tdoor amprt treatre an d exten st ve trat l systems dest gn ed to con n ect everyon e to tre n atu ral en vt ron men t wt trou t kn owt n g trat a mu l tt �d t sct p l t n ed team of professt on al s
n avt gated a compl ex regu l atory process to acrt eve tre devel operrs goal ss E xpan st on an d redest gn of some of trese fact l t tt es were d t rected by tre CDD wrt l e H et dt served as tre D t strt ct E n g t n eers

259 ) F RM S ) ROM SE CTF ON C F N VOLVE D WF TH TH F S PROJE CT

X.	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	

b.	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	

Z.	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	

d .	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	

\.	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	

f.	^ ( 3 ) F RM N AM E	^ 23 ) F RM LOCATF ON C,iy and Siaie)	^(3 ROLE	
STAN DARD FORM 330 ^RE V9 7/202( 3 PAGE 3

F c E XAM P LE P ROJE CTS WH I CH B E ST I L L U STRATE P ROP OSE D TE AM �S QU AL I F I C ATI ON S F OR TH I S CON TR AC T
NPreseni as many projecis as requesied by ihe agencyb or c 0 projecisb ,f noi spec,f,edt
Compieie one Seci,on F for each projecit )	20. EXAM PLE PROJECT KEY N U M B ER	
2( . Tq TLE AN D LOCATq ON NC,iy and Siaie)
Long Lake Ranch CDD Pasco Countyr FL	22. YEAR COM PLETED	
	PRO) ESSq ON AL SERVq CE S
On0going	CON STRU CTq ON N(f appi,cabie)
O n0going	
23c P ROJE CT OWN E R�S I N F ORM ATI ON

a. PROJECT OWN ER
Long Lake Ranchr LLC	‡ . POq N T O) CON TACT
Mark J. Spada	c. POq N T O) CON TACT TELEP- ON E N U M B ER
 (8 3) 2700-700	
24. BRq E) D ESCRq PTq ON O) PROJECT AN D RELEVAN CE TO T- q S CON TRACT

Long Lake Ranch is a 35 00acrer residential component of the Long Lake Ranch DRI. Heidt+s involvement includes the over0sight of coordinating all technical aspects of the pro-ectr including infrastructure designr and environmental and local agency permitting. Hedit coordinated client and regulatory exchange during the stormwater management design and permitting process for this pro-ect. This pro-ect included updating and use of a regional watershed model
 the Anclote River model) while incorporating special sensitivity to downstream properties with the knowledge of pre0existing flooding issues. Pro- ect design and permitting has ended and construction commenced in April 208 3. The final phase of construction is currently underway.

Heidt Design also participates in the on0going functions of the community by serving as District Engineerr issuing revised Engineer+s Report in support of the bond issuance and providing other miscellaneous CDD Engineer Services. .

25c F I RM S F ROM SE CTI ON C I N VOL VE D WI TH TH I S P ROJE CT

ac	� ( ) ) q RM N AM E
Heidt Designr LLC	� 2) ) q RM LOCATq ON NC,iy and Siaie)
Tampar FL	� 3) ROLE
Civil Engineeringr Landscape Architecturer CDD Engineerr Ecological Services	

bc	� ( ) ) q RM N AM E	� 2) ) q RM LOCATq ON NC,iy and Siaie)		

—c	� ( ) ) q RM N AM E	� 2) ) q RM LOCATq ON NC,iy and Siaie)	� 3) ROLE	

dc	� ( ) ) q RM N AM E	� 2) ) q RM LOCATq ON NC,iy and Siaie)	� 3) ROLE	

™c	� ( ) ) q RM N AM E	� 2) ) q RM LOCATq ON NC,iy and Siaie)	� 3) ROLE	

fc	� ( ) ) q RM N AM E	� 2) ) q RM LOCATq ON NC,iy and Siaie)	� 3) ROLE	
STAN D ARD F ORM 330 � 6/2004) P AG E 3

F c E XAM P LE P ROJE CTS WH I CH B E ST I L L U STRATE P ROP OSE D TE AM �S QU AL I F I C ATI ON S F OR TH I S CON TR AC T
VPreseni as many projecis as requesied by ihe agencyj or k 0 projecisj ,f noi spec,f,edt
Compqeie one Seci,on F for each projecit )	20. EXAM PLE PROJECT KEY N U M B ER	
2( . Ty TLE AN D LOCATy ON VC,iy and Siaie)
Starkey Ranch/ TSR CDD Pasco Countyy Florida	22. YEAR COM PLETED	
	PRO) ESSy ON AL SERVy CE S
OnSgoing	CON STRU CTy ON V(f appq,cabqe)
OnSgoing	
23c P ROJE CT OWN E R�S I N F ORM ATI ON

a. PROJECT OWN ER
WSSTSRy LLC	�. POy N T O) CON TACT
Reed Berlinsky	c. POy N T O) CON TACT TELEP- ON E N U M B ER
82; S800 S-880	
24. BRy E) D ESCRy PTy ON O) PROJECT AN D RELEVAN CE TO T- y S CON TRACT
Starkey Ranch is a + / S2y0 00 acre masterSplanned community in Pasco County ad/ acent to the Jay Bs Starkey Wilderness Park for which Heidt Design is providing engineeringy planning and environmental servicess Stormwater and floodplain modeling and designy landscape & hardscape designy wetland mitigation & habitat creation designy permittingy and construction phase observation services are being done by Heidt Des ign directlys Heidt Design is also responsible for the architectural building designy permitting and cons truction administrative servicesy which are being performed by subconsultants under the direction of Heidt Designs Geotechnical investigative services are also being performed by a subconsultant under Heidt Design7s directions Neighborhoods are centered on parks and interconnected trails with a community KS 8 schooly an expansive district park for athletic activities and recreationy a busines s park and town centers

Heidt Design participated in the CDD creation and bond validation effortss Also participated in the onS going functions of the community by serving as District Engineers

Heidt Design was also involved in the designy permitting & construction inspections of the District Parks The Starkey Ranch District Park and coSlocated KS8 school site is a ; 6; s 62 acre area located within the Starkey Ranch developments The District Park was created through a publicSpublicSpublicSprivate partnership with Pasco Countyy the School Boardy Pasco Parks & Recreation and Wheelock Communities s It will be the first parky libraryy s chool and theatre combined complex in the state of Floridas When completedy the / ointSuse complex will contain< a kindergarten through 8th grade combined elementary & middle schools a 20y000 sss fts public librarys a 6y000 sss fts community & school theater facilitys a gymnasiums 6 baseball/ softball fieldss ; 0 multiS purpose fields for footbally s occer and lacrosses playgrounds for neighborhood park uses tennis courtss basketball courtss a tracks more than a mile of trails that connect to the Starkey Ranch community trail systems picnic pavilionss and press boxes/ concession stands with restroomss

25c F I RM S F ROM SE CTI ON C I N VOL VE D WI TH TH I S P ROJE CT

ac	˜( ) ) y RM N AM E
Heidt Design	˜2) ) y RM LOCATy ON VC,iy and Siaie)
Tampay FL	Engineeringy Enviro Architecturey Certif	˜3) ROLE
nmentaly Landscape ication & Inspection	

bc	˜( ) ) y RM N AM E	˜2) ) y RM LOCATy ON VC,iy and Siaie)		

Ÿc	˜( ) ) y RM N AM E	˜2) ) y RM LOCATy ON VC,iy and Siaie)	˜3) ROLE	

dc	˜( ) ) y RM N AM E	˜2) ) y RM LOCATy ON VC,iy and Siaie)	˜3) ROLE	

¡c	˜( ) ) y RM N AM E	˜2) ) y RM LOCATy ON VC,iy and Siaie)	˜3) ROLE	

fc	˜( ) ) y RM N AM E	˜2) ) y RM LOCATy ON VC,iy and Siaie)	˜3) ROLE	
STAN D ARD F ORM 330 ˜6/2004) P AG E 3

F c EXAM PLE PROJECTS WHI CH BEST I LLU STRATE PROPOSED TE AM �S
QU ALI F I CATI ON S FOR TH I S CON TRACT
,Prese ni as ma ny pro je cis as re quesied by ihe a gency@ o r A 0 projecis@ ,f noi spec,f,e dt C o mpGe ie o ne Se ci,on F for e ach projecit )

20. EXAM PLE PROJECT
KEY N U M BER

2( . TL TLE AN D LOCATL ON ,C,iy and Siaie)	22. YEAR COM PLETED

PRO) ESSL ON AL SERVL CE S	CON STRU CTL ON ,(f appG,cabGe)
On\going	On\going

WaterGrass CDD

	23c PROJECT OWN ER�S I N FORM ATI ON	

a. PROJECT OWN ER
CKB Developmentt LLC

e . POL N T O) CON TACT
Craig By Weber

c. POL N T O) CON TACT TELEP- ON E N U M B ER
r8 t 3) 994\2277

24. BRL E) DESCRL PTL ON O) PROJECT AN D RELEVAN CE TO T- L S CON TRACT

WaterGrass is a t t999 \unit single and multi\family mixed\use community located in central Pasco Countyy WaterGrass also has t 40t000 ssquare feet of retail and 73t 000 ssquare feet of office entitlements that are part of the Promenade Town Centert a mixed\use TND Town Center shared by WaterGrass and two ad‰acent developments and located in each of the four squadrants of the intersection of Overpass and Curley Roadsy
WaterGrass contains numerous amenitized neighborhood parkst along with a future Community Centert and the recently opened WaterGrass Elementary Schooly

S e rvic e s provided by Heidt Des ign inc lude planningt	entitlementt	environmentalt infrastructure designt construction phase servicest as well as all aspects of localt state and federal permittingy Heidt continues to provide services to the Community Development District as the District Engineery

25c F I RM S FROM SECTION C I N WOLWED WITH THIS PROJECT

ca	“ ( 3 ) L RM N AM E
Heidt Designt LLC	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)
Tampat FL	“ 33 ROLE
Engineeringt Certification & Inspectiont Environmentalt CDD Engineer	

cb	“ ( 3 ) L RM N AM E	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)	“ 33 ROLE	

cš	“ ( 3 ) L RM N AM E	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)	“ 33 ROLE	

cd	“ ( 3 ) L RM N AM E	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)	“ 33 ROLE	

cœ	“ ( 3 ) L RM N AM E	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)	“ 33 ROLE	

c.f	“ ( 3 ) L RM N AM E	“ 23 ) L RM LOCATL ON ,C,iy and Siaie)	“ 33 ROLE	

STAN D ARD F ORM 330 “ 6 /20043 PAGE 1 5

STATEMENT OF llUALLFLEATLONfi FOR SIOREfi AT STLLLWATER COO

www. heidtdesign. com

Page 118

Shores at Stillwater Community Development District

Master Report of District Engineer

Prepared for:
Board of Supervisors of the
Shores at Stillwater Community Development District

Prepared by: Heidt Design, LLC February 2026

Strickland T Smith

Digitally signed by Strickland T Smith DN: C=US, O=Unaffiliated, dnQualifier=
A01410D0000018EED10EBF4000E8BEE, CN=Strickland T Smith
Reason: I am the author of this document Location:
Date: 2026.03.18 08:13:17-04'00'
Foxit PDF Editor Version: 13.1.7
Strickland T. Smith, PE	Date: District Engineer
Florida Registration #50652

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

ENGINEER'S REPORT

INTRODUCTION

Shores at Stillwater (the "Development") is a master planned community located in Sarasota County on the south side of Medical Blvd, approximately 0.8 miles east of Pine Stret. See Exhibit A - Location Map. The Development is approximately 79.83 acres in size and consists of two parcels, one on the south side of Medical Blvd across from the HCA Florida Englewood Hospital (South Parcel) and the other at the eastern terminus of Medical Blvd (North Parcel). Together they make up the totality of the District. The North Parcel is zoned RSF-1/PUD and is 45.79 acres in size. The South Parcel is zoned RSF-4/PUD and is
34.04 acres in size. The Development will be developed in four (4) phases and will consist of single-family detached and attached residential units, an amenity center, and various open spaces for resident use. The PUD approval allows for a maximum of 269 units. The current approved site development plans include 255 units. See Proposed Capital Improvement Plan below for unit type table.

The Shores at Stillwater Community Development District ("District"), a local unit of special purpose government, was established by Sarasota County Ordinance 2025-032, effective on February 10, 2026, for the purpose of constructing and/or acquiring, maintaining and operating all or a portion of the public improvements and community facilities within the District. The District boundary encompasses all four phases of the Development. See Exhibit B - Boundary Survey and Legal Description.

The purpose of this Engineers Report (the "Report") is to provide a description of the improvements that may be financed by the District ("the Capital Improvement Plan" or "CIP"). Public infrastructure and land improvements needed to serve the District include site grading (excluding private lots), surface water management and flood control, gravity sewer system including two (2) sewage pump station and associated force mains, and potable water distribution system. The roadways, irrigation, landscaping and amenity center will be private and are not included in the CIP. The CIP will equal $11,060,349.55.
See CIP cost estimate in Section 5 below.

This Report reflects the District's present intentions. The implementation and completion of any improvement outlined in this Report requires final approval by the District's Board of Supervisors, including the awarding of contracts for the construction of the improvements when the District is performing the work. Cost estimates contained in this Report have been prepared based on the best available information. These estimates may not reflect final engineering design or complete environmental permitting. Actual costs will vary based upon final plans, design, planning, approvals from regulatory authorities, inflation, etc. Nevertheless, all costs contained herein may be reasonably expected to adequately fund the CIP described and the contingency costs included are reasonable.

INFRASTRUCTURE IMPROVEMENTS

The CIP is intended to provide public infrastructure improvements for the entire development. The District will own and maintain all stormwater, conservation areas, and other improvements, that are part of the CIP. The following chart shows the planned product types for the District:

Product Type	Total Units	
52' SF Detached	119	
34' SF Attached	136	
TOTAL	255	

PRODUCT TYPES

I
The public infrastructure for the project is as follows:

Sanitary Sewer Collection System

The District will finance the sanitary sewer collection system for the District. The sanitary sewer system consists of two (2) lift stations and the associated gravity sewer needed to serve the District as well as force mains that connect to the existing infrastructure on Medical Blvd. Upon completion of the sanitary sewer construction, the system will be owned and maintained by the Englewood Water District (EWD). See Appendix D, Master Utility Exhibit, for a graphic representation of the master sewer system.

Water Distribution System

The District will finance the water distribution system for the Development. The system will consist of a series of water distribution mains to serve the residential units with potable water. The onsite water mains will connect to existing water mains within Medical Blvd. The water distribution system will be owned and maintained by the Englewood Water District. Exhibit C, Master Utility Exhibit, for a graphic representation of the master water system.

Stormwater Management System

A comprehensive system of surface water management ponds, consisting primarily of wet detention ponds, are proposed to manage the water quality and quantity impacts associated with the District. These ponds will provide water quality treatment and stormwater runoff attenuation, designed in accordance with the Southwest Florida Water Management District's (SWFWMD) Basis of Review and the Sarasota County Land Development Code and Stormwater Technical Manual. Additionally, these ponds will provide 100-year flood control, conveyance of stormwater through and around the District and for the ongoing function of the onsite natural wetland systems.

Material excavated from surface water management ponds and/or floodplain management ponds is anticipated to remain within the Development for use in road subbase, perimeter berms, and site grading. However, any grading in connection with the preparation of pads for private home sites or on

other private property within the Development including the private roads will not be funded by the District. Any material excavated from ponds constructed on lands owned by the District shall only be used for improvements within the CIP. Upon completion of the stormwater management system, it will be owned and maintained by the District.

PROFESSIONAL SERVICES

Professional Fees include civil engineering costs for site design, permitting, inspection, and master planning, survey costs for construction staking and as-built drawings (for CIP related improvements only) as well as preparation of preliminary and final plats, geotechnical costs for pre-design soil borings, underdrain analyses and construction inspection. Also included in this category are fees associated with environmental consultation and permitting, and any other miscellaneous professional fees.

OWNERSHIP AND MAINTENANCE

Ownership and maintenance of the improvements is generally anticipated as set forth in the table below.

It is anticipated that, in addition to the annual non-ad valorem assessments to be levied and collected by the District to pay debt service on its bonds, the District should levy and collect an annual "Maintenance Assessment" to be determined, assessed, and levied by the District's Board of Supervisors upon the assessable real property within the District for the purpose of defraying the cost and expenses of maintaining District-owned improvements.

PERMIT STATUS

The required infrastructure improvements for the construction of the District are contained in the Site Development Construction Plans for the project. These plans have been approved by Sarasota County, the Englewood Water District, and the Southwest Florida Water Management District (SWFWMD).
Additionally, water and sewer permits from the Florida Department of Environmental Protection have been obtained. The status of all required permits can be found in the table below.

ESTIMATED CAPITAL IMPROVEMENT COSTS

The Engineers Estimate of Probable Cost of the CIP is set forth in Exhibit D.

ENGINEER'S OPINION

It is my professional opinion that the summary of costs listed in Exhibit D is enough to complete the construction of the items intended.

It is my professional opinion that the infrastructure costs associated herein for the total improvements are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and add value to the lands within the District equal to or in excess of the costs thereof. All infrastructure costs are public improvements or community facilities as set forth in Sections 190.012(1) and (2) of the Florida Statutes.

The estimate of infrastructure construction costs is only an estimate and not a guaranteed maximum price. The estimated cost is based on current unit prices for ongoing and comparable items of work in Sarasota County and quantities as represented on construction plans.

The labor market, future costs of equipment and materials, increased regulatory actions and the actual construction process are all beyond control. Due to this inherent opportunity for fluctuation of cost, the total final cost may be than this estimate.

Assuming project construction continues in a timely manner, it is our opinion that the proposed improvements, if constructed and built in substantial accordance with the approved plans and specifications, can be completed and meet their intended functions. Where necessary, historical costs, information from other professional or utility consultants and contractors have been used in preparation of this report. Consultants and contractors who have contributed to providing the cost data included in this report are reputable entities in the Sarasota County area. It is therefore our opinion that the construction of the proposed project can be completed at the cost stated.

The CIP will be owned by the District or other governmental units and such CIP is intended to be available and will reasonably be available for use by the general public (either by being part of a system of improvements that is available to the general public or is otherwise available to the general public) including nonresidents of the District. All of the CIP is or will be located on lands owned or to be owned by the District or another governmental entity or on perpetual public easements in favor of the District or other governmental entity. The CIP, and any cost estimates set forth herein, do not include any earthwork, grading or other improvements on private lots or property. Regarding any fill generated by construction of the CIP, and that is not used as part of the CIP, such fill will only be addressed at the expense of the developer. The District will pay the lesser of the cost of the components of the CIP or the fair market value.

Strickland T Smith

Digitally signed by Strickland T Smith DN: C=US, O=Unaffiliated, dnQualifier=
A01410D0000018EED10EBF4000E8BEE, CN=Strickland T Smith
Reason: I am the author of this document Location:
Date: 2026.03.18 08:22:47-04'00'

	Foxit PDF Editor Version: 13.1.7	
Strickland T. Smith, P.E. Florida License #50652 HEIDT DESIGN, LLC
5904-A Hampton Oaks Parkway Tampa, Florida 33610

List of Exhibits

Location Map
Boundary Survey and Legal Description
Master Utility Exhibit
CIP Cost Estimate

EXHIBIT A

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EXHIBIT C

EXHIBIT D

Shores at Stillwater	
Community Development District	
Estimated Capital Improvement Costs	
Description	District Estimated Cost	Fiscal Year 2025-2027	
			
Stormwater Management System	$	4,509,741.05	$	4,509,741.05	
Potable Water Distribution System	$	1,011,171.00	$	1,011,171.00	
Sanitary Sewer Collection System	$	2,493,834.00	$	2,493,834.00	
Professional Services (15%)	$	1,202,211.91	$	1,202,211.91	
Contingency (20%)	$	1,843,391.59	$	1,843,391.59	
		$	
Total	$	11,060,349.55	$	11,060,349.55	

MASTER SPECIAL ASSESSMENT METHODOLOGY REPORT
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

February 17, 2026

SPECIAL DISTRICT SERVICES, INC
2501A Burns Road
Palm Beach Gardens, Florida 33410 561-630-4922

1

INTRODUCTION
The Shores at Stillwater Community Development District (the “District”) is a local unit of special-purpose government located entirely within the unincorporated area of Sarasota County, Florida. It was established by Ordinance No. 2025-032 (the “Ordinance”) enacted on February 10, 2026 by the Board of County Commissioners of Sarasota County, Florida, to provide for the construction and/or acquisition, financing, long-term administration and management of certain infrastructure to the lands located within the District. Shores at Stillwater development (the “Development”), is defined below.
The District currently contains approximately 79.83+/- gross acres which comprises the Development. The Development is planned for an estimated 255 residential dwelling units with the following land uses:
Table 1 – Proposed Land Uses for the District

Land Use Category	Unit	
SF - 34’	136 Dwelling units	
SF - 52’	119 Dwelling units	

This Master Special Assessment Methodology Report (the “Master Report”), dated February 17, 2026, will provide the allocation of special assessments as it relates to the sale and issuance of proposed Special Assessment Bonds in one or more series (the “Bonds”) for the financing of public infrastructure improvements related to the Development within the District , including but not limited to the following: site grading (excluding private lots), surface water management and flood control, gravity sewer system including two (2) sewage pump station and associated force mains, and potable water distribution system (collectively, the “Project”). These infrastructure improvements will provide special benefit to all lands within the current boundaries of the District. Special benefit is a required determination in order to make use of the proceeds of any bonds issued by the District.

The improvements comprising the Project are described below and are identified as the scope of work in the current District boundary in the Shores at Stillwater Community Development District Master Report of District Engineer Engineer’s Report, dated February 2026 (the “Engineer’s Report”), as may be amended and prepared by Heidt Design, LLC. (the “District’s Engineer”). This Master Report equitably allocates the costs being incurred by the District to provide the benefits of all or a portion of the Project financed by the Bonds to the developable lands within the District as identified herein on Exhibit A.

This Master Report will equitably allocate the financing costs being incurred by the District to provide the Project to all of the assessable lands within the current boundary of the District. The implementation of the public improvements will convey special and peculiar benefits to the assessable properties within the District. The Bonds issued to finance the public improvements will be repaid through the levy of non-ad valorem special assessments on all assessable property within the District. The available net proceeds from the Bonds will only finance a portion of the Project. The special

2

assessments securing the Bonds will be levied on all of the gross acres within the District, and upon the platting of 255 dwelling units, as shown in Table C. The debt represented by the Bonds will be assigned to those platted units on a first platted, first assigned basis.

PROJECTS TO BE FUNDED BY THE DISTRICT

The Project is comprised of an interrelated system of public infrastructure improvements which will serve and specially benefit all assessable lands within the District. The improvements will be interrelated such that they will reinforce one another. The total cost of the Project is currently estimated to be $11,060,350. A detail of the estimated Project costs for the development is included herein on Table A. The Bonds will be repaid through the levy of non-ad valorem special assessments on all assessable property within the District until fully assigned to the 255 units. The Project has been designed to be functional and confer special benefits to the landowners within the District. Any portion of the Project not financed through the issuance of Bonds will be paid for by Pulte Home Company, LLC, or its successors or assigns (herein the “Developer”).
Construction and/or acquisition and maintenance obligations for the District’s proposed infrastructure improvements constituting the Project are described in the Engineer’s Report.
The construction costs for the Project identified in this Master Report were provided by the District Engineer. Special District Services, Inc., as District Manager, makes no representation regarding the accuracy or validity of those costs and did not undertake any analysis or verification regarding such costs.
FUNDING OF IMPROVEMENTS
To defray the costs of construction and or acquisition of a portion of the Project, the District will impose non-ad valorem special assessments on all benefited real property within the District. These assessments are based on the special and peculiar benefits accruing to such property from the improvements comprising the Project financed by the Bonds. The use of non-ad valorem special assessments has an advantage in that the properties that receive the special benefits from the Project are the only properties that are obligated to pay for those facilities. Without these improvements, development of the property within the District would not be possible. The improvements, which will be funded through these special assessments, include only facilities which may be undertaken by a community development district under Chapter 190, F.S. This Master Report is designed to meet the requirements of Chapters 170, 190 and 197, F.S.; and may be supplemented or amended from time to time.
In summary, special assessments may be levied: (1) for facilities which provide special benefits to property as distinct from general and incidental benefits, (2) only against property which receives that special benefit, (3) in proportion to the benefits received by the properties; and (4) according to fair and reasonable methods that the governing body of the jurisdiction determines. The special assessments placed upon various benefited properties within the District must be sufficient to cover the debt service of the Bonds that will be issued for financing all or a portion of the Project.
Until all the land within the District has been platted and sold, the special assessments on the portion of land that has not been platted and sold are not fixed and determinable. The reasons for this are (1) until the lands are platted, the number of developable acres within each tract against which the assessments are levied is not determined; (2) the lands are subject to re-plat, which may result in

3

changes in development density and product type; and (3) until the lands are sold it is unclear of the timing of the absorptions. Only after the property has been platted and sold will the final allocations of the special assessments be determined, the final plat be certain, the development density known and the product types confirmed.
ALLOCATION OF BENEFIT AND ASSESSMENTS
In developing the methodology used for special assessments within the District, two interrelated factors were used:
Allocation of Benefit: Each parcel of land, lot and/or unit within the District benefits from the construction and financing of the proposed improvements, represented by the Assessment Area Project.
Allocation of Cost/Debt: The special assessments imposed on each parcel of land, lot and/or unit within the District cannot exceed the value of the benefits provided to such parcel of land, lot and/or unit.
The planned improvements comprising the Project is an integrated system of facilities designed to provide benefits to the assessable property within the District as a whole. The Project is intended to work as the total system contained within the capital improvement program, (the “CIP”) identified in the Engineer’s Report, which will provide special benefits for each unit type within the District. The fair and reasonable method of allocating the benefit to each planned residential unit has been accomplished by assigning an equivalent residential unit (“ERU”) to each planned unit. Therefore, for the purpose of this Master Report, each 34 foot single family residential unit will be assigned 0.72 ERU; and each 52 foot single family residential unit is defined as 1.00 ERU. Accordingly, the Project benefits the units in these same proportions resulting in the special assessments being allocated to each 34 foot and each 52 foot single family residential dwelling unit types in these proportions. The Project benefit allocation & the bond debt allocation are shown herein on Table C and Table D.
Given the approved land use plan and the type of infrastructure to be funded by the Bonds, this method results in a fair allocation of benefits and an equitable allocation of costs for the Project. The special benefit received and applied to each planned parcel and/or residential dwelling unit/lot as a result of the construction of public infrastructure improvements will exceed the cost of such units allocated to each parcel and/or unit/lot. However, if the future platting or re-platting results in changes in land use or proportion of benefit per acre and/or unit type, this allocation methodology may not be applicable and it may be necessary for the District to revise the allocation methodology.
To the extent land is sold in bulk to a third party, prior to platting, then, the District will assign debt based upon the development rights conveyed by the Developer based upon the ERU factors as shown herein.
COLLECTION OF SPECIAL ASSESSMENTS
The proposed special assessments for the District are planned to be collected through the Uniform Method of Collection described in Chapter 197, Section 197.3632; Florida Statutes (“F.S.”) for platted lots, or any other legal means available to the District.
Since there are costs associated with the collection of the special assessments (whether by uniform method of collection as authorized under Chapter 197.3632, F.S., or other methods allowed by Florida

4

law), these costs must also be included in the special assessment levy. These costs generally include a 1% collection fee of the County Tax Collector, a 1% service fee of the County Property Appraiser and a 4% discount for early payment of taxes. However, actual collection costs may vary from year to year depending on agreements in place with the County Tax Collector and County Property Appraiser and any statutory changes. These previously described additional costs may be reflected by dividing the annual debt service and maintenance assessment amounts by a factor of 0.94. In the event the special assessments are direct billed, then the collection costs and discounts may not apply.
FINANCING STRUCTURE
The estimated cost of construction for the Project is $11,060,350. The construction program and the costs associated with the District are identified herein on Table A.
A portion of the capital improvements comprising the Project is assumed to be financed by the Bonds which, when issued, will be payable from and secured by special assessments levied annually initially against all assessable properties within the District. Based on the current market conditions the total aggregate principal amount of the Bonds (approximately $14,000,000) for the District is shown herein on Table B. The proceeds of the Bonds will provide a maximum of approximately $11,060,350 for acquisition and/or construction related costs. The sizing of the Bonds is assumed to include a debt service reserve fund equal to 100% of the maximum annual debt service, funding a capitalized interest fund and paying issuance costs as shown herein on Table B.
MODIFICATIONS, REVISIONS AND TRUE-UP MECHANISM
Allocation of proposed costs and proposed debt, respectively shown herein on Table C and Table D, for the infrastructure improvements financed by the District for all or a portion of all costs of the Project (estimated at $11,060,350) will, upon platting, be assigned to 255 residential dwelling units projected to be constructed within the District and benefited by the infrastructure improvements comprising the Project. The estimated annual debt service assessments are shown herein on Table F. Based on a Bond size of approximately $14,000,000 at an assumed interest rate of 7.50% the estimated annual debt service on the Bonds will be approximately $1,185,397 which has not been grossed up to include 1% Tax Collector fee and 1% County Property Appraiser fee.
To ensure that each residential unit is assessed no more than their pro-rata amount of the annual non-ad valorem assessments shown herein on Table F, the District will be required to perform a “True-Up” analysis, which requires a computation at the time of submission of each plat or re-plat to determine the potential remaining ERUs. The District shall, at the time a plat or re-plat is submitted to the County:

Assume that the total number of ERUs, within each parcel, utilized as a basis for this assessment methodology is as described in Table C (“Total Assessable ERUs).

Ascertain the number of assessable ERUs, within each parcel, in the proposed plat or re-plat and all prior plats (“Planned Assessable ERUs”).

Ascertain the current amount of potential remaining ERUs within each Parcel that has not yet been platted (“Remaining Assessable ERUs”).

If the Planned Assessable ERUs are equal to the Total Assessable ERUs, no action would be required at that time. However, if the sum of the Planned Assessable ERUs and the Remaining Assessable

ERUs are less than the Total Assessable ERUs, the applicable landowner will be obligated by the District to remit to the District an amount of money sufficient to enable the District to retire an amount of Bonds, plus accrued interest, such that the amount of non-ad valorem assessments allocated to each Planned Assessable ERU does not exceed the amount of debt service that would have been allocated thereto, had the total number of Planned Assessable ERUs not changed from what is represented in Table C.

All assessments levied run with the land. A determination of a true-up payment shall be based on the terms and provisions of this Master Report, any supplemental report and the applicable assessment resolutions. It is the responsibility of the landowner of record (other than homebuyers unaffiliated with the Developer) to make any required true-up payments that are due. The District will not release any liens on the property for which true-up payments are due until provision for such payment has been satisfied.
PRELIMINARY ASSESSMENT ROLL
When fully developed, the District will include the land uses in Table 1.
ADDITIONAL STIPULATIONS
Certain financing, development, and engineering data was provided by members of District staff, consultants and/or the Developer. The allocation methodology described herein was based on information provided by those professionals. Special District Services, Inc. makes no representations regarding said information beyond restatement of the factual information necessary for compilation of this report.

Special District Services, Inc. does not represent the Shores at Stillwater Community Development District as a Municipal Advisor or Securities Broker nor is Special District Services, Inc. registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, Special District Services, Inc. does not provide the Shores at Stillwater Community Development District with financial advisory services or offer investment advice in any form.

*********************************

TABLE A PROJECT COST ESTIMATES
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

TOTAL

STORMWATER MANAGEMENT SYSTEMS	$	4,509,741	
		
POTABLE WATER DISTRIBUTION SYSTEMS	$	1,011,171	
		
SANITARY SEWER COLLECTION SYSTEMS	$	2,493,834	
		
PROFESSIONAL SERVICES	$	1,202,212	
		
CONTINGENCY COSTS	$	1,843,392	
		
TOTAL	$	11,060,350	

TABLE B BOND SIZING
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

BOND SIZING

Par Amount	$	14,000,000	*	
			
Debt Service Reserve Fund (DSRF)	$	(1,185,397)		
			
Capitalized Interest	$	(1,050,000)		
			
Issuance Costs	$	(704,253)		
			
Construction Funds	$	11,060,350		
			
Bond Interest Rate	7.50%		
			
Principal Amortization Period (Years)	30		
*Subject to change at final bond pricing			

TABLE C ALLOCATION OF PROJECT COSTS
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Product	Number of Units
by Type	
ERU Factor	
Total ERUs	Project Cost Allocation Per Type	Project Cost Allocation Per
Unit*	
34'	136	0.72	97.92	$	4,992,760	$	36,711	
52'	119	1.00	119.00	$	6,067,590	$	50,988	
TOTAL	255	N/A	216.92	$	11,060,350	N/A	

TABLE D ALLOCATION OF BOND DEBT
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Product	Number of Units
by Type	
ERU Factor	
Total ERUs	Bond Debt Allocation Per Unit
Type*	Bond Debt Allocation Per
Unit*	
34'	136	0.72	97.92	$	6,319,749	$	46,469	
52'	119	1.00	119.00	$	7,680,251	$	64,540	
TOTAL	255	N/A	216.92	$	14,000,000	N/A	
*Rounded

TABLE E

CALCULATION OF ANNUAL DEBT SERVICE

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

2026 Series
Bond Debt

1 Maximum Annual Debt Service	$	1,185,397.00		
			
2 Maximum Annual Debt Service Assessment to be Collected	$	1,261,060.64	*	
			
3  Total Number of Gross Acres	79.83		
			
4 Maximum Annual Debt Service per Gross Acre	$15,796.83		
			
5 Total Number of Residential Units Planned	255		
			
6 Maximum Annual Debt Service per Unit Type	See Table F		

*Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes. Actual amounts may be adjusted to reflect actual County collection costs.

TABLE F

ALLOCATION OF DEBT SERVICE ASSESSMENTS

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Product	
Number of Units by Type	
ERU Factor*	
Total ERUs*	**Maximum Annual Debt Assessment Per
Unit Type*	**Maximum Annual Debt Assessment Per
Unit *	
34'	136	0.72	97.92	$	569,256.21	$	4,185.71	
52'	119	1.00	119.00	$	691,804.43	$	5,813.48	
TOTAL	255	N/A	216.92	$	1,261,060.64	N/A	
*Rounded
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes. Actual amounts may be adjusted to reflect actual County collection costs.

Folio ID#'s and/or Parcel Plat Description	Developable Acreage by Parcel	**Maximum Annual Debt Assessment Per
Acre*	
Par Debt Per Acre	
Total Par Debt	
See Exhibit A	79.83	$	15,796.83	$	175,372.67	$	14,000,000	
TOTALS		N/A	N/A	$	14,000,000	
*Rounded
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes. Actual amounts may be adjusted to reflect actual County collection costs.

Page 143

EXHIBIT A

EXHIBIT B

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RESOLUTION NO. 2026–32

A RESOLUTION OF THE BOARD OF SUPERVISORS (THE “BOARD”) OF THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $4,000,000 SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT, SPECIAL ASSESSMENT BONDS, SERIES 2026 (ASSESSMENT AREA ONE) (THE “BONDS”) TO FINANCE CERTAIN PUBLIC INFRASTRUCTURE WITHIN THE DISTRICT; DETERMINING THE NEED FOR A NEGOTIATED LIMITED OFFERING OF THE BONDS AND PROVIDING FOR A DELEGATED AWARD OF SUCH BONDS; APPOINTING THE UNDERWRITER FOR THE LIMITED OFFERING OF THE BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT WITH RESPECT TO THE BONDS; AUTHORIZING THE USE OF THAT CERTAIN MASTER TRUST INDENTURE PREVIOUSLY APPROVED WITH RESPECT TO THE BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL TRUST INDENTURE GOVERNING THE BONDS; APPROVING THE FORM OF AND AUTHORIZING THE DISTRIBUTION OF A PRELIMINARY LIMITED OFFERING MEMORANDUM; APPROVING THE EXECUTION AND DELIVERY OF A FINAL LIMITED OFFERING MEMORANDUM; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION OF A CONTINUING DISCLOSURE AGREEMENT, AND APPOINTING A DISSEMINATION AGENT; APPROVING THE APPLICATION OF BOND PROCEEDS; AUTHORIZING CERTAIN MODIFICATIONS TO THE ASSESSMENT METHODOLOGY REPORT AND ENGINEER’S REPORT; MAKING CERTAIN DECLARATIONS; PROVIDING FOR THE REGISTRATION OF THE BONDS PURSUANT TO THE DTC BOOK-ENTRY ONLY SYSTEM; AUTHORIZING THE PROPER OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF THE BONDS; AND PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.
WHEREAS, the Shores at Stillwater Community Development District (the “District”) is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), created by Ordinance No. 2025-032, duly enacted by the Board of County Commissioners of Sarasota County, Florida (the “County”) on February 10, 2026 and effective February 11, 2026; and
WHEREAS, the District was created for the purpose of delivering certain community development services and facilities within and outside its jurisdiction; and

WHEREAS, the Board of Supervisors of the District (herein, the “Board”) has previously adopted Resolution No. 2026-25 on February 17, 2026 (the “Initial Bond Resolution”), pursuant to which the District authorized the issuance of not to exceed $14,000,000 of its Special Assessment Bonds to be issued in one or more Series to finance all or a portion of the District’s capital improvement program; and
WHEREAS, any capitalized term used herein and not otherwise defined shall have the meaning ascribed to such term in the Initial Bond Resolution; and
WHEREAS, pursuant to the Initial Bond Resolution, U.S. Bank Trust Company, National Association was appointed to serve as the trustee (herein, the “Trustee”) and the form of the Master Trust Indenture between the District and the Trustee was approved pursuant to the Initial Bond Resolution (the “Master Indenture”); and
WHEREAS, the Board hereby determines to issue its Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026 (Assessment Area One) (the “2026 Bonds”) in the principal amount of not exceeding $4,000,000 for the purpose of providing funds to finance all or a portion of the public infrastructure within the District, specifically, the “2026 Project” as described in the District’s Master Report of District Engineer dated February 2026, as may be amended and supplemented (“Engineer’s Report”); and
WHEREAS, the 2026 Project is hereby determined to be necessary to coincide with the developer’s plan of development; and
WHEREAS, there has been submitted to this meeting, with respect to the issuance and sale of the 2026 Bonds, and submitted to the Board forms of:
a Bond Purchase Contract with respect to the 2026 Bonds by and between FMSbonds, Inc., as the underwriter (the “Underwriter”) and the District, together with the form of a disclosure statement attached to the Bond Purchase Contract pursuant to Section 218.385, Florida Statutes, substantially in the form attached hereto as Exhibit A (the “Bond Purchase Contract”);
a Preliminary Limited Offering Memorandum substantially in the form attached hereto as Exhibit B (the “Preliminary Limited Offering Memorandum”);
a Continuing Disclosure Agreement among the District, the dissemination agent named therein and the obligated parties named therein, substantially in the form attached hereto as Exhibit C; and
a First Supplemental Trust Indenture between the District and the Trustee, substantially in the form attached hereto as Exhibit D (the “First Supplemental” and, together with the previously approved Master Indenture, the “2026 Indenture”).
WHEREAS, in connection with the sale of the 2026 Bonds, it may be necessary that certain modifications be made to the Master Special Assessment Methodology Report dated February 17, 2026, as supplemented (“Assessment Methodology Report”) and the Engineer’s Report to conform such reports to the final terms of the 2026 Bonds; and

WHEREAS, the proceeds of the 2026 Bonds shall also fund a debt service reserve account, pay capitalized interest, if so required at the time of pricing of the 2026 Bonds, and pay the costs of the issuance of the 2026 Bonds.
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the Shores at Stillwater Community Development District (the “Board”), as follows:
Section 1.  Negotiated Limited Offering of 2026 Bonds. The District hereby finds that because of the complex nature of assessment bond financings in order to better time the sale of the 2026 Bonds and secure better interest rates, it is necessary and in the best interest of the District that the 2026 Bonds, in the aggregate principal amount of not exceeding $5,000,000, be sold on a negotiated limited offering basis. The District hereby further finds that it will not be adversely affected if the 2026 Bonds are not sold pursuant to competitive sales.
Section 2.  Purpose. The District has authorized its capital improvement plan for the development of the 2026 Project, as set forth in the Engineer’s Report, and hereby authorizes the financing of a portion of the acquisition and construction of certain public infrastructure benefiting the assessable lands within a designated assessment area within the District referred to as “Assessment Area One” by issuing the 2026 Bonds to finance a portion of such public infrastructure described in the Engineer’s Report and constituting the 2026 Project. The 2026 Project includes, but is not limited to, stormwater drainage facilities including related earthwork, water and sewer facilities, public roadway improvements, reuse water facilities, on-site conservation and mitigation, landscaping, irrigation and hardscaping in public areas, the differential cost of undergrounding the electric utilities and related costs, all as more particularly described in the Engineer’s Report.
Section 3.   Sale of the 2026 Bonds. Except as otherwise provided in the last sentence of this Section 3, the proposal submitted by the Underwriter offering to purchase the 2026 Bonds at the purchase price established pursuant to the parameters set forth below and on the terms and conditions set forth in the Bond Purchase Contract (attached hereto as Exhibit A), are hereby approved and adopted by the District in substantially the form presented. Subject to the last sentence of this Section 3, the Chairperson (or, in the absence of the Chairperson, any other member of the Board) is hereby authorized to execute and deliver on behalf of the District, and the Secretary of the District is hereby authorized (if so required) to affix the Seal of the District and attest to the execution of the Bond Purchase Contract in substantially the form presented at this meeting. The disclosure statements of the Underwriter, as required by Section 218.385, Florida Statutes, to be delivered to the District prior to the execution of the Bond Purchase Contract, a draft copy of which is attached as an exhibit to the Bond Purchase Contract, will be entered into the official records of the District. The Bond Purchase Contract, in final form as determined by counsel to the District and the Chairperson, may be executed by the District without further action provided that (i) the 2026 Bonds mature not later than the statutory permitted period; (ii) the principal amount of the 2026 Bonds issued does not exceed $4,000,000; (iii) the interest rate on the 2026 Bonds shall not exceed the maximum rate permitted under Florida law; (iv) if the 2026 Bonds are subject to optional redemption which determination will be made on or before the sale date of the 2026 Bonds, the first optional call date and the redemption price shall be determined on or before the sale date of the 2026 Bonds; and (v) the purchase price to be paid by the

Underwriter for the 2026 Bonds is not less than 98% of the par amount of the 2026 Bonds issued (exclusive of any original issuance discount).
Section 4. The Limited Offering Memorandum. The Limited Offering Memorandum, in substantially the form of the Preliminary Limited Offering Memorandum (as herein defined and subject to the other conditions set forth herein) attached hereto as Exhibit B, with such changes as are necessary to conform to the details of the 2026 Bonds and the requirements of the Bond Purchase Contract, is hereby approved. The District hereby authorizes the execution of the Limited Offering Memorandum and the District hereby authorizes the Limited Offering Memorandum, when in final form, to be used in connection with the limited offering and sale of the 2026 Bonds. The District hereby authorizes and consents to the use by the Underwriter of a Preliminary Limited Offering Memorandum substantially in the form attached hereto as Exhibit B, in connection with the limited offering of the 2026 Bonds (the “Preliminary Limited Offering Memorandum”). The final form of a Preliminary Limited Offering Memorandum shall be determined by the Underwriter and the professional staff of the District. The Limited Offering Memorandum may be modified in a manner not inconsistent with the substance thereof and the terms of the 2026 Bonds as shall be deemed advisable by Bond Counsel and counsel to the District, with final approval by the Chairperson or the Vice Chairperson. The Chairperson (or, in the absence of the Chairperson, any other member of the Board) is hereby further authorized to execute and deliver on behalf of the District, the Limited Offering Memorandum and any amendment or supplement thereto, with such changes, modifications and deletions as the member of the Board executing the same may deem necessary and appropriate with the advice of Bond Counsel and counsel to the District, with final approval by the Chairperson, such execution and delivery to be conclusive evidence of the approval and authorization thereof by the District. The District hereby authorizes the Chairperson (or, in the absence of the Chairperson, any other member of the Board) to deem “final” the Preliminary Limited Offering Memorandum except for permitted omissions all within the meaning of Rule 15c2-12 of the Securities Exchange Act of 1934 and to execute a certificate in that regard.
Section 5.  Details of the 2026 Bonds. The proceeds of the 2026 Bonds shall be applied in accordance with the provisions of the 2026 Indenture. The 2026 Bonds shall mature in the years and in the amounts, bear interest at such rates and be subject to redemption, all as provided in the First Supplemental. The execution of the First Supplemental shall constitute approval of such terms as set forth in the 2026 Indenture and this Resolution. The maximum aggregate principal amount of the 2026 Bonds authorized to be issued pursuant to this Resolution and the 2026 Indenture shall not exceed $4,000,000.
Section 6. Continuing Disclosure; Dissemination Agent. The Board does hereby authorize and approve the execution and delivery of a Continuing Disclosure Agreement by the Chairperson (or, in the absence of the Chairperson, any other member of the Board) substantially in the form presented to this meeting and attached hereto as Exhibit C. The Continuing Disclosure Agreement is being executed by the District and the other parties thereto in order to assist the Underwriter in the marketing of the 2026 Bonds and compliance with Rule 15c2-12 of the Securities and Exchange Commission. Special District Services, Inc. is hereby appointed the initial dissemination agent.

Section 7.  Authorization of Execution and Delivery of the First Supplemental Trust Indenture; Application of Master Indenture. The Board authorizes the use of the previously approved Master Indenture in connection with the issuance of the 2026 Bonds. The Board does hereby authorize and approve the execution by the Chairperson (or, in the absence of the Chairperson, the Vice Chairperson or any other member of the Board) and the Secretary or any Assistant Secretary to attest and authorize the delivery of the First Supplemental and authorize the use of the previously approved Master Indenture, both between the District and the Trustee. The 2026 Indenture shall provide for the security of the 2026 Bonds and express the terms of the 2026 Bonds. The First Supplemental shall be substantially in the form attached hereto as Exhibit D and is hereby approved, with such changes therein as are necessary or desirable to reflect the terms of the sale of the 2026 Bonds as shall be approved by the Chairperson (or, in the absence of the Chairperson, the Vice Chairperson, or any other member of the Board) executing the same upon the advice of Bond Counsel and counsel to the District, with such execution to constitute conclusive evidence of such officer’s approval and the District’s approval of any changes therein from the form of the First Supplemental attached hereto as Exhibit D.
Section 8.  Authorization and Ratification of Prior Acts. All actions previously taken by or on behalf of District in connection with the issuance of the 2026 Bonds are hereby authorized, ratified and confirmed.
Section 9. Appointment of Underwriter. The Board hereby formally appoints FMSbonds, Inc., as the Underwriter for the 2026 Bonds.
Section 10. Book-Entry Only Registration System. The registration of the 2026 Bonds shall initially be by the book-entry only system established with The Depository Trust Company.
Section 11. Assessment Methodology Report. The Board hereby authorizes any modifications to the Assessment Methodology Report prepared by Special District Services, Inc. in connection with the 2026 Bonds if such modifications are determined to be appropriate or necessary in connection with the issuance of the 2026 Bonds.
Section 12.  Engineer’s Report. The Board hereby authorizes any modifications to the Engineer’s Report prepared by Heidt Design, LLC in connection with the 2026 Bonds if such modifications are determined to be appropriate in connection with the issuance of the 2026 Bonds or modifications to the 2026 Project.
Section 13. Further Official Action. The Chairperson, the Vice Chairperson, the Secretary and each other member of the Board and any other proper official or member of the professional staff of the District are each hereby authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or desirable for carrying out the transactions contemplated by this Resolution. In the event that the Chairperson, the Vice Chairperson or the Secretary is unable to execute and deliver the documents herein contemplated, such documents shall be executed and delivered by the respective designee of such officer or official or any other duly authorized officer or official of the District herein authorized.  The Secretary or any Assistant Secretary is hereby authorized and

directed to apply and attest the official seal of the District to any agreement or instrument authorized or approved herein that requires such a seal and attestation.
Section 14. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.
Section 15.  Inconsistent Proceedings. All resolutions or proceedings, or parts thereof, in conflict with the provisions hereof are to the extent of such conflict hereby repealed or amended to the extent of such inconsistency.
PASSED in public session of the Board of Supervisors of the Shores at Stillwater Community Development District, this 20th day of April, 2026.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
ATTEST:
By:		 By:	 Name: Michelle Krizen		Name: 	 Title:  Secretary		 Title:  Chairperson/Vice Chairperson	
Board of Supervisors	

EXHIBIT A
FORM OF BOND PURCHASE CONTRACT

A-1

EXHIBIT B
DRAFT COPY OF PRELIMINARY LIMITED OFFERING MEMORANDUM

B-1

EXHIBIT C
FORM OF CONTINUING DISCLOSURE AGREEMENT

EXHIBIT D
FORM OF FIRST SUPPLEMENTAL TRUST INDENTURE

721914350v3

FIRST SUPPLEMENTAL TRUST INDENTURE

BETWEEN

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT AND
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

as Trustee

Dated as of May 1, 2026

Authorizing and Securing
$	
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2026
(ASSESSMENT AREA ONE)

TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS	3
ARTICLE II THE SERIES 2026 BONDS	8
SECTION 2.01.	Amounts and Terms of Series 2026 Bonds; Issue of Series 2026 Bonds	8
SECTION 2.02.	Execution	8
SECTION 2.03.	Authentication	8
SECTION 2.04.	Purpose, Designation and Denominations of, and Interest Accruals on,
the Series 2026 Bonds.	8
SECTION 2.05.	Details of the Series 2026 Bonds	9
SECTION 2.06.	Disposition of Series 2026 Bond Proceeds	10
SECTION 2.07.	Book-Entry Form of Series 2026 Bonds	10
SECTION 2.08.	Appointment of Registrar and Paying Agent	12
SECTION 2.09.	Conditions Precedent to Issuance of the Series 2026 Bonds	12
ARTICLE III REDEMPTION OF SERIES 2026 BONDS.	14
SECTION 3.01.	Redemption Dates and Prices	14
SECTION 3.02.	Notice of Redemption	16
ARTICLE IV ESTABLISHMENT OF CERTAIN FUNDS AND ACCOUNTS; ADDITIONAL COVENANTS OF THE ISSUER; PREPAYMENTS; REMOVAL OF SPECIAL ASSESSMENT LIENS	17
SECTION 4.01.	Establishment of Certain Funds and Accounts	17
SECTION 4.02.	Series 2026 Revenue Account	20
SECTION 4.03.	Power to Issue Series 2026 Bonds and Create Lien	21
SECTION 4.04.	2026 Project to Conform to Consulting Engineers Report	21
SECTION 4.05.	Prepayments; Removal of the Special Assessment Liens.	22
ARTICLE V COVENANTS AND DESIGNATIONS OF THE ISSUER	24
SECTION 5.01.	Collection of Series 2026 Special Assessments	24
SECTION 5.02.	Continuing Disclosure	24
SECTION 5.03.	Investment of Funds and Accounts	24
SECTION 5.04.	Additional Obligations	24
SECTION 5.05.	Acknowledgement Regarding Series 2026 Acquisition and Construction Account Moneys Following an Event of Default	25
ARTICLE VI THE TRUSTEE; THE PAYING AGENT AND REGISTRAR.	26
SECTION 6.01.	Acceptance of Trust	26
SECTION 6.02.	Trustee’s Duties	26
SECTION 6.03.	Brokerage Confirmations	26
ARTICLE VII MISCELLANEOUS PROVISIONS	27
SECTION 7.01.	Interpretation of First Supplemental Indenture	27
SECTION 7.02.	Amendments	27
SECTION 7.03.	Counterparts and Electronically Signed and/or Transmitted Signatures	27

SECTION 7.04.	Appendices and Exhibits	27
SECTION 7.05.	Payment Dates	27
SECTION 7.06.	No Rights Conferred on Others	27
SECTION 7.07.	Patriot Act Requirements of the Trustee	27
EXHIBIT A	 DESCRIPTION OF THE 2026 PROJECT EXHIBIT B	 FORM OF SERIES 2026 BOND EXHIBIT C	FORMS OF REQUISITIONS
EXHIBIT D	FORM OF INVESTOR LETTER

THIS FIRST SUPPLEMENTAL TRUST INDENTURE (the “First Supplemental Indenture”), dated as of May 1, 2026 between the SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT (together with its successors and assigns, the “Issuer”), a local unit of special-purpose government organized and existing under the laws of the State of Florida, and
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of the United States and having a designated corporate trust office in Fort Lauderdale, Florida, as trustee (said banking association and any bank or trust company becoming successor trustee under this First Supplemental Indenture being hereinafter referred to as the “Trustee”);
W I T N E S S E T H:
WHEREAS, the Issuer is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), by Ordinance No. 2025-032, duly enacted by the Board of County Commissioners of Sarasota County, Florida (the “County”), on February 10, 2026 and effective February 11, 2026 (the “Ordinance”); and
WHEREAS, the premises governed by the Issuer, as described more fully in the Ordinance, consisting of approximately 79.83 acres of land (herein, the “District Lands” or “District”), are located entirely within the unincorporated area of the County; and
WHEREAS, the Issuer has been created for the purpose of delivering certain community development services and facilities for the benefit of the District Lands; and
WHEREAS, the Issuer has determined to undertake, in one or more stages, the acquisition and/or construction of public improvements and community facilities as set forth in the Act for the special benefit of certain District Lands; and
WHEREAS, the Issuer has previously adopted Resolution No. 2026-25 on February 17, 2026 (the “Authorizing Resolution”), authorizing the issuance of not to exceed $14,000,000 in aggregate principal amount of its special assessment bonds in one or more Series (the “Bonds”) to finance a portion of the design, acquisition and construction costs of certain improvements pursuant to the Act for the special benefit of the District Lands or portions thereof and approving the form of and authorizing the execution and delivery of a master trust indenture and supplemental indenture; and
WHEREAS, to the extent not constructed by the Issuer, Pulte Home Company, LLC, a Michigan limited liability company (the “Developer”), as the master developer of a residential community to be located within the District, may construct all of the public infrastructure necessary to serve such residential community (herein, the “Development”), which such public infrastructure is necessary to develop the Development and will benefit certain District Lands and such public infrastructure will be constructed and/or purchased by the Issuer with a portion of the proceeds of the herein described Series 2026 Bonds (such public infrastructure as described on Exhibit A is herein collectively referred to as the “2026 Project”); and
WHEREAS, the Issuer has determined to issue a first Series of Bonds, designated as the Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026

(Assessment Area One) (the “Series 2026 Bonds”), pursuant to the herein defined Master Indenture and this First Supplemental Indenture (hereinafter sometimes collectively referred to as the “2026 Indenture”); and
WHEREAS, in the manner provided herein, the proceeds of the Series 2026 Bonds will be used to provide funds for (i) the Costs of acquiring and/or constructing the 2026 Project, (ii) funding Capitalized Interest through at least November 1, 2026, (iii) the funding of the Series 2026 Reserve Account, and (iv) the payment of the costs of issuance of the Series 2026 Bonds; and
WHEREAS, the Issuer has determined the Series 2026 Bonds will be secured by the Series 2026 Special Assessments (as herein defined) levied on certain designated lands within Assessment Area One (as herein defined) within the District; and
WHEREAS, the Series 2026 Bonds will be secured by a pledge of Series 2026 Pledged Revenues (as hereinafter defined) to the extent provided herein; and
NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH,
that to provide for the issuance of the Series 2026 Bonds, the security and payment of the principal or Redemption Price thereof (as the case may be) and interest thereon, the rights of the Bondholders and the performance and observance of all of the covenants contained herein and in said Series 2026 Bonds, and for and in consideration of the mutual covenants herein contained and of the purchase and acceptance of the Series 2026 Bonds by the Owners thereof, from time to time, and of the acceptance by the Trustee of the trusts hereby created, and intending to be legally bound hereby, the Issuer does hereby assign, transfer, set over and pledge to U.S. Bank Trust Company, National Association, as Trustee, its successors in trust and its assigns forever, and grants a lien on all of the right, title and interest of the Issuer in and to the Series 2026 Pledged Revenues as security for the payment of the principal, redemption or purchase price of (as the case may be) and interest on the Series 2026 Bonds issued hereunder, all in the manner hereinafter provided, and the Issuer further hereby agrees with and covenants unto the Trustee as follows:
TO HAVE AND TO HOLD the same and any other revenues, property, contracts or contract rights, accounts receivable, chattel paper, instruments, general intangibles or other rights and the proceeds thereof, which may, by delivery, assignment or otherwise, be subject to the lien created by the Indenture with respect to the Series 2026 Bonds.
IN TRUST NEVERTHELESS, for the equal and ratable benefit and security of all present and future Owners of the Series 2026 Bonds issued and to be issued under this First Supplemental Indenture, without preference, priority or distinction as to lien or otherwise (except as otherwise specifically provided in this First Supplemental Indenture) of any one Series 2026 Bond over any other Series 2026 Bond, all as provided in the Indenture.
PROVIDED, HOWEVER, that if the Issuer, its successors or assigns, shall well and truly pay, or cause to be paid, or make due provision for the payment of the principal or redemption price of the Series 2026 Bonds issued, secured and Outstanding hereunder and the interest due or to become due thereon, at the times and in the manner mentioned in such Series 2026 Bonds and the Indenture, according to the true intent and meaning thereof and hereof, and the Issuer shall well and truly keep, perform and observe all the covenants and conditions pursuant to the terms of the Indenture to be kept, performed and observed by it, and shall pay or cause to be paid to the

Trustee all sums of money due or to become due to it in accordance with the terms and provisions hereof, then upon such final payments this First Supplemental Indenture and the rights hereby granted shall cease and terminate, otherwise this First Supplemental Indenture to be and remain in full force and effect.
ARTICLE I DEFINITIONS
In this First Supplemental Indenture capitalized terms used without definition shall have the meanings ascribed thereto in the Master Indenture and, in addition to certain terms defined in the recitals above, the following terms shall have the meanings specified below, unless otherwise expressly provided or unless the context otherwise requires:
“Acquisition Agreement” shall mean that certain Acquisition Agreement relating to the acquisition of the 2026 Project, by and between the Developer and the Issuer.
“Arbitrage Certificate” shall mean that certain Arbitrage Certificate, including arbitrage rebate covenants, of the Issuer, dated the date of delivery of the Series 2026 Bonds, relating to certain restrictions on arbitrage under the Code with respect to the Bonds.
“Assessment Area One” shall mean a designated assessment area within the District which shall be subject to the Series 2026 Special Assessments.
“Assessment Resolutions” shall mean Resolution No. 2026-26, Resolution No. 2026-27, Resolution 2026-  and Resolution 2026-  of the Issuer adopted on February 17, 2026, February 17, 2026, April 20, 2026 and 	  , 2026 respectively, as amended and supplemented from time to time.
“Authorized Denomination” shall mean, with respect to the Series 2026 Bonds, on the date of issuance, in the denominations of $5,000 and any integral multiple thereof provided, however, if any initial beneficial owner does not purchase at least $100,000 of the Series 2026 Bonds at the time of initial delivery of the Series 2026 Bonds, such beneficial owner must either execute and deliver to the Underwriter on the date of delivery of the Series 2026 Bonds the investor letter substantially in the form attached hereto as Exhibit D or otherwise establish to the satisfaction of the Underwriter that such Beneficial Owner is an “accredited investor,” as described in Rule 501(a) under Regulation D of the Securities Act of 1933, as amended.
“Bonds” shall mean the Issuer’s Special Assessments Bonds issued pursuant to the Master Indenture.
“Consulting Engineer” shall mean Heidt Design, LLC and its successors and assigns. “Continuing Disclosure Agreement” shall mean the Continuing Disclosure Agreement for
the benefit of the owners of the Series 2026 Bonds, dated the date of delivery of the Series 2026 Bonds, by and among the Issuer, the dissemination agent named therein, the Developer, and joined by the other parties named therein, in connection with the issuance of the Series 2026 Bonds.
“District Manager” shall mean Special District Services, In., and its successors and assigns.

“Indenture” shall mean collectively, the Master Indenture and this First Supplemental Indenture.
“Interest Payment Date” shall mean May 1 and November 1 of each year, commencing November 1, 2026, and any date principal of the Series 2026 Bonds is paid including any Quarterly Redemption Date.
“Majority Holders” means the beneficial owners of more than fifty percent (50%) of the Outstanding principal amount of the Series 2026 Bonds.
“Master Indenture” shall mean the Master Trust Indenture, dated as of May 1, 2026, by and between the Issuer and the Trustee, as supplemented and amended with respect to matters pertaining solely to the Master Indenture or the Series 2026 Bonds (as opposed to supplements or amendments relating to any Series of Bonds other than the Series 2026 Bonds as specifically defined in this First Supplemental Indenture).
“Paying Agent” shall mean U.S. Bank Trust Company, National Association, and its successors and assigns as Paying Agent hereunder.
“Prepayment” shall mean the payment by any owner of property within Assessment Area One within the District of the amount of the Series 2026 Special Assessments encumbering its property, in whole or in part, prior to its scheduled due date, including optional prepayments. The term “Prepayment” also means any proceeds received as a result of accelerating and/or foreclosing the Series 2026 Special Assessments or as a result of a true-up payment. “Prepayments” shall include, without limitation, Series 2026 Prepayment Principal.
“Quarterly Redemption Date” means February 1, May 1, August 1 and November 1 of any calendar year.
“Redemption Price” shall mean the principal amount of any Series 2026 Bond payable upon redemption thereof pursuant to this First Supplemental Indenture.
“Registrar” shall mean U.S. Bank Trust Company, National Association and its successors and assigns as Registrar hereunder.
“Regular Record Date” shall mean the fifteenth day (whether or not a Business Day) of the calendar month next preceding an Interest Payment Date.
“Release Conditions” shall mean collectively (i) all planned lots that are subject to the Series 2026 Special Assessments contain homes that each have received a certificate of occupancy,
(ii) all of the principal portion of the Series 2026 Special Assessments has been assigned to such homes, and (iii) there shall be no Events of Default under the Master Indenture, all as certified by the District Manager in writing and upon which the Trustee may conclusively rely.
“Resolution” shall mean, collectively, (i) Resolution No. 2026-25 of the Issuer adopted on February 17, 2024, pursuant to which the Issuer authorized the issuance of not exceeding
$14,000,000 aggregate principal amount of its Bonds to finance the construction or acquisition of public infrastructure within the District, and (ii) Resolution No. 2026-32 of the Issuer adopted on

April 20, 2026, pursuant to which the Issuer authorized, among other things, the issuance of the Series 2026 Bonds in an aggregate principal amount of not to exceed $4,000,000 to finance the acquisition of the 2026 Project, specifying the details of the Series 2026 Bonds and awarding the Series 2026 Bonds to the purchasers of the Series 2026 Bonds.
“Series 2026 Acquisition and Construction Account” shall mean the Account so designated, established as a separate Account within the Acquisition and Construction Fund pursuant to Section 4.01(a) of this First Supplemental Indenture.
“Series 2026 Bond Redemption Account” shall mean the Series 2026 Bond Redemption Account established as a separate Account within the Bond Redemption Fund pursuant to Section 4.01(g) of this First Supplemental Indenture.
“Series 2026 Bonds” shall mean the $	 aggregate principal amount of Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026 Assessment Area One, to be issued as fully registered Bonds in accordance with the provisions of the Master Indenture and this First Supplemental Indenture, and secured and authorized by the Master Indenture and this First Supplemental Indenture.
“Series 2026 Costs of Issuance Account” shall mean the Account so designated, established as a separate Account within the Acquisition and Construction Fund pursuant to Section 4.01(a) of this First Supplemental Indenture.
“Series 2026 General Redemption Subaccount” shall mean the subaccount so designated, established as a separate subaccount under the Series 2026 Bond Redemption Account pursuant to Section 4.01(g) of this First Supplemental Indenture.
“Series 2026 Interest Account” shall mean the Account so designated, established as a separate Account within the Debt Service Fund pursuant to Section 4.01(d) of this First Supplemental Indenture.
“Series 2026 Optional Redemption Subaccount” shall mean the subaccount so designated, established as a separate subaccount under the Series 2026 Bond Redemption Account pursuant to Section 4.01(g) of this First Supplemental Indenture.
“Series 2026 Pledged Revenues” shall mean (a) all revenues received by the Issuer from the Series 2026 Special Assessments levied and collected on the assessable lands within Assessment Area One within the District, including, without limitation, amounts received from any foreclosure proceeding for the enforcement of collection of such Series 2026 Special Assessments or from the issuance and sale of tax certificates with respect to such Series 2026 Special Assessments, and (b) all moneys on deposit in the Funds, Accounts and subaccounts established under the Indenture created and established with respect to or for the benefit of the Series 2026 Bonds; provided, however, that Series 2026 Pledged Revenues shall not include (A) any moneys transferred to the Series 2026 Rebate Fund and investment earnings thereon, (B) moneys on deposit in the Series 2026 Costs of Issuance Account of the Acquisition and Construction Fund, and (C) special assessments levied and collected by the Issuer under Section
190.022 of the Act for maintenance purposes or “maintenance assessments” levied and collected by the Issuer under Section 190.021(3) of the Act (it being expressly understood that the lien and

pledge of the Indenture shall not apply to any of the moneys described in the foregoing clauses (A), (B) and (C) of this proviso).
“Series 2026 Prepayment Principal” shall mean the portion of a Prepayment corresponding to the principal amount of Series 2026 Special Assessments being prepaid pursuant to Section 4.05 of this First Supplemental Indenture or as a result of an acceleration of the Series 2026 Special Assessments pursuant to Section 170.10, Florida Statutes, if such Series 2026 Special Assessments are being collected through a direct billing method.
“Series 2026 Prepayment Subaccount” shall mean the subaccount so designated, established as a separate subaccount under the Series 2026 Bond Redemption Account pursuant to Section 4.01(g) of this First Supplemental Indenture.
“Series 2026 Principal Account” shall mean the account so designated, established as a separate account within the Debt Service Fund pursuant to Section 4.01(c) of this First Supplemental Indenture.
“Series 2026 Rebate Fund” shall mean the Fund so designated, established pursuant to Section 4.01(j) of this First Supplemental Indenture.
“Series 2026 Reserve Account” shall mean the Series 2026 Reserve Account established as a separate Account within the Debt Service Reserve Fund pursuant to Section 4.01(f) of this First Supplemental Indenture.
“Series 2026 Reserve Requirement” or “Reserve Requirement” shall mean an amount initially equal to twenty-five percent (25%) of the maximum annual debt service with respect to the initial principal amount of the Series 2026 Bonds determined on the date of issue. Upon satisfaction of the Release Conditions, the Series 2026 Reserve Requirement shall be reduced to an amount equal to ten percent (10%) of the maximum annual debt service with respect to the then Outstanding principal amount of the Series 2026 Bonds. If a portion of the Series 2026 Bonds are redeemed pursuant to Section 3.01(b)(i) or Section 3.01(b)(iii), the Reserve Requirement shall be reduced to twenty-five percent (25%) (prior to satisfaction of the Release Conditions) or ten percent (10%) (after satisfaction of the Release Conditions) of the maximum annual debt service of the Series 2026 Bonds after taking into account such extraordinary mandatory redemption. Any amount in the Series 2026 Reserve Account may, upon final maturity or redemption of all Outstanding Series 2026 Bonds be used to pay principal of and interest on the Series 2026 Bonds at that time. The initial Series 2026 Reserve Requirement shall be equal to $	.
“Series 2026 Revenue Account” shall mean the Account so designated, established as a separate Account within the Revenue Fund pursuant to Section 4.01(b) of this First Supplemental Indenture.
“Series 2026 Sinking Fund Account” shall mean the Account so designated, established as a separate Account within the Debt Service Fund pursuant to Section 4.01(e) of this First Supplemental Indenture.
“Series 2026 Special Assessments” shall mean the Special Assessments levied on the assessable lands within Assessment Area One within the District as a result of the Issuer’s

acquisition and/or construction of the 2026 Project, corresponding in amount to the debt service on the Series 2026 Bonds and designated as such in the methodology report relating thereto.
“Substantially Absorbed” means the date at least 75% of the principal portion of the Series 2026 Special Assessments have been assigned to residential units within Assessment Area One within the District that have received certificates of occupancy.
“2026 Project” shall mean all of the public infrastructure deemed necessary for the development of 136 platted residential units within the District generally described on Exhibit A attached hereto
“Underwriter” shall mean FMSbonds, Inc., the underwriter of the Series 2026 Bonds.
The words “hereof,” “herein,” “hereto,” “hereby,” and “hereunder” (except in the form of Series 2026 Bonds), refer to the entire Indenture.
Every “request,” “requisition,” “order,” “demand,” “application,” “notice,” “statement,” “certificate,” “consent,” or similar action hereunder by the Issuer shall, unless the form or execution thereof is otherwise specifically provided, be in writing signed by the Chairperson or Vice Chairperson and the Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary or Responsible Officer of the Issuer.
All words and terms importing the singular number shall, where the context requires, import the plural number and vice versa.
[END OF ARTICLE I]

ARTICLE II
THE SERIES 2026 BONDS
SECTION 2.01.  Amounts and Terms of Series 2026 Bonds; Issue of Series 2026 Bonds. No Series 2026 Bonds may be issued under this First Supplemental Indenture except in accordance with the provisions of this Article and Articles II and III of the Master Indenture.
The total principal amount of Series 2026 Bonds that may be issued under this First Supplemental Indenture is expressly limited to $	. The Series 2026 Bonds shall be numbered consecutively from R-1 and upwards.
Any and all Series 2026 Bonds shall be issued substantially in the form attached hereto as Exhibit B, with such appropriate variations, omissions and insertions as are permitted or required by the Indenture and with such additional changes as may be necessary or appropriate to conform to the provisions of the Resolution. The Issuer shall issue the Series 2026 Bonds upon execution of this First Supplemental Indenture and satisfaction of the requirements of Section 3.01 of the Master Indenture; and the Trustee shall, at the Issuer’s request, authenticate such Series 2026 Bonds and deliver them as specified in the request.
SECTION 2.02.   Execution. The Series 2026 Bonds shall be executed by the Issuer as set forth in the Master Indenture.
SECTION 2.03.  Authentication. The Series 2026 Bonds shall be authenticated as set forth in the Master Indenture. No Series 2026 Bond shall be valid until the certificate of authentication shall have been duly executed by the Trustee, as provided in the Master Indenture.
SECTION 2.04.  Purpose, Designation and Denominations of, and Interest Accruals on, the Series 2026 Bonds.
The Series 2026 Bonds are being issued hereunder in order to provide funds
(i) for the payment of the Costs of acquiring and/or constructing the 2026 Project, (ii) to fund the Series 2026 Reserve Account in an amount equal to the initial Series 2026 Reserve Requirement;
(iii) funding interest on the Series 2026 Bonds through at least November 1, 2026 and (iv) to pay the costs of issuance of the Series 2026 Bonds. The Series 2026 Bonds shall be designated “Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026 (Assessment Area One),” and shall be issued as fully registered bonds without coupons in Authorized Denominations.
The Series 2026 Bonds shall be dated as of the date of initial delivery. Regularly scheduled interest on the Series 2026 Bonds shall be payable on each Interest Payment Date to maturity or prior redemption. Interest on the Series 2026 Bonds shall be payable from the most recent Interest Payment Date next preceding the date of authentication thereof to which interest has been paid, unless the date of authentication thereof is a May 1 or November 1 to which interest has been paid, in which case from such date of authentication, or unless the date of authentication thereof is prior to November 1, 2026, in which case from the date of initial delivery or unless the date of authentication thereof is between a Record Date and the next succeeding Interest Payment Date, in which case from such Interest Payment Date.

Except as otherwise provided in Section 2.07 of this First Supplemental Indenture in connection with a book entry only system of registration of the Series 2026 Bonds, the principal or Redemption Price of the Series 2026 Bonds shall be payable in lawful money of the United States of America at the designated corporate trust office of the Paying Agent upon presentation of such Series 2026 Bonds. Except as otherwise provided in Section 2.07 of this First Supplemental Indenture in connection with a book entry only system of registration of the Series 2026 Bonds, the payment of interest on the Series 2026 Bonds shall be made on each Interest Payment Date to the Owners of the Series 2026 Bonds by check or draft drawn on the Paying Agent and mailed on the applicable Interest Payment Date to each Owner as such Owner appears on the Bond Register maintained by the Registrar as of the close of business on the Regular Record Date, at his address as it appears on the Bond Register. Any interest on any Series 2026 Bond which is payable, but is not punctually paid or provided for on any Interest Payment Date (hereinafter called “Defaulted Interest”) shall be paid to the Owner in whose name the Series 2026 Bond is registered at the close of business on a Special Record Date to be fixed by the Trustee, such date to be not more than fifteen (15) nor less than ten (10) days prior to the date of proposed payment. The Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class, postage-prepaid, to each Owner of record as of the fifth (5th) day prior to such mailing, at his address as it appears in the Bond Register not less than ten (10) days prior to such Special Record Date. The foregoing notwithstanding, any Owner of Series 2026 Bonds in an aggregate principal amount of at least $1,000,000 shall be entitled to have interest paid by wire transfer to such Owner to the bank account number on file with the Paying Agent, upon requesting the same in a writing received by the Paying Agent at least fifteen (15) days prior to the relevant Record Date, which writing shall specify the bank, which shall be a bank within the continental United States, and bank account number to which interest payments are to be wired. Any such request for interest payments by wire transfer shall remain in effect until rescinded or changed, in a writing delivered by the Owner to the Paying Agent, and any such rescission or change of wire transfer instructions must be received by the Paying Agent at least fifteen (15) days prior to the relevant Record Date.
SECTION 2.05.	Details of the Series 2026 Bonds.
The Series 2026 Bonds will mature on May 1 in the years and in the principal amounts, and bear interest at the rates all as set forth below, subject to the right of prior redemption in accordance with their terms.
Year	Amount	Interest Rate
*
*
*

*Term Bonds

Interest on the Series 2026 Bonds will be computed in all cases on the basis of a 360-day year of twelve 30 day months. Interest on overdue principal and, to the extent lawful, on overdue interest will be payable at the numerical rate of interest borne by the Series 2026 Bonds on the day before the default occurred.

SECTION 2.06.   Disposition of Series 2026 Bond Proceeds. From the net proceeds of the Series 2026 Bonds received by the Trustee in the amount of $	.
$	 derived from the net proceeds of the Series 2026 Bonds shall be deposited in the Series 2026 Interest Account;
$	 derived from the net proceeds of the Series 2026 Bonds (which is an amount equal to the initial Series 2026 Reserve Requirement) shall be deposited in the Series 2026 Reserve Account of the Debt Service Reserve Fund;
$	 derived from the net proceeds of the Series 2026 Bonds shall be deposited into the Series 2026 Costs of Issuance Account of the Acquisition and Construction Fund for payment of the costs of issuing the Series 2026 Bonds; and
$	 representing the balance of the net proceeds of the Series 2026 Bonds shall be deposited in the Series 2026 Acquisition and Construction Account of the Acquisition and Construction Fund which the Issuer shall cause to be applied in accordance with Article V of the Master Indenture, Section 4.01(a) of this First Supplemental Indenture, and the terms of the Acquisition Agreement.
SECTION 2.07.  Book-Entry Form of Series 2026 Bonds. The Series 2026 Bonds shall be issued as one fully registered bond for each maturity of Series 2026 Bonds and deposited with The Depository Trust Company (“DTC”), which is responsible for establishing and maintaining records of ownership for its participants.
As long as the Series 2026 Bonds are held in book-entry-only form, Cede & Co. shall be considered the registered owner for all purposes hereof and in the Master Indenture. DTC shall be responsible for maintaining a book-entry-only system for recording the ownership interest of its participants (“Direct Participants”) and other institutions that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). The Direct Participants and Indirect Participants will be responsible for maintaining records with respect to the beneficial ownership interests of individual purchasers of the Series 2026 Bonds (“Beneficial Owners”).
The Issuer, the Trustee, the Registrar and the Paying Agent shall have no responsibility or obligation to any Direct Participant or to any Indirect Participant. Without limiting the immediately preceding sentence, the Issuer, the Trustee, the Registrar and the Paying Agent shall have no responsibility or obligation with respect to (a) the accuracy of the records of DTC, Cede & Co., or any Direct Participant or Indirect Participant with respect to any ownership interest in the Series 2026 Bonds, (b) the delivery to any Direct Participant or Indirect Participant or any other person other than an Owner, as shown in the registration books kept by the Registrar, of any notice with respect to the Series 2026 Bonds, including any notice of redemption, or (c) the payment to any Direct Participant or Indirect Participant or any other person, other than an Owner, as shown in the registration books kept by the Registrar, of any amount with respect to principal of, or interest on the Series 2026 Bonds. The Issuer, the Trustee, the Registrar and the Paying Agent shall treat and consider the person in whose name each Series 2026 Bond is registered in the registration books kept by the Registrar as the absolute Owner of such Series 2026 Bond for the purpose of payment of principal and interest with respect to such Series 2026 Bond, for the purpose of giving notices

of redemption and other matters with respect to such Series 2026 Bond, for the purpose of registering transfers with respect to such Series 2026 Bond, and for all other purposes whatsoever. Notwithstanding any of the foregoing, the Trustee is authorized to recognize the Beneficial Owner of the Series 2026 Bonds for purposes of this Section 2.07 if beneficial ownership is proven to the satisfaction of the Trustee.
Principal and interest on the Series 2026 Bonds registered in the name of Cede & Co. prior to and at maturity shall be payable directly to Cede & Co. in care of DTC. Disbursal of such amounts to Direct Participants shall be the responsibility of DTC. Payments by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners shall be the responsibility of Direct Participants and Indirect Participants and not of DTC, the Trustee or the Issuer.
Individuals may purchase beneficial interests in Authorized Denominations in book-entry-only form, without certificated Series 2026 Bonds, through Direct Participants and Indirect Participants.
During the period for which Cede & Co. is registered owner of the Series 2026 Bonds, any notices to be provided to any Beneficial Owner will be provided to Cede & Co. DTC shall be responsible for notices to Direct Participants and Direct Participants shall be responsible for notices to Indirect Participants, and Direct Participants and Indirect Participants shall be responsible for notices to Beneficial Owners.
The Issuer shall enter into a blanket letter of representations with DTC providing for such book-entry-only system. Such agreement may be terminated at any time by either DTC or the Issuer in accordance with the procedures of DTC. In the event of such termination, the Issuer shall select another securities depository and, in that event, all references herein to DTC or Cede & Co., shall be deemed to be for reference to such successor. If the Issuer does not replace DTC, the Trustee will register and deliver to the Beneficial Owners replacement Series 2026 Bonds in the form of fully registered Series 2026 Bonds in accordance with the written instructions from Cede & Co.
Upon receipt by the Trustee or the Issuer of written notice from DTC (a) confirming that DTC has received written notice from the Issuer to the effect that a continuation of the requirement that all of the Outstanding Series 2026 Bonds be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, is not in the best interest of the Beneficial Owners of the Series 2026 Bonds, or (b) to the effect that DTC is unable or unwilling to discharge its responsibilities and no substitute bond depository willing to undertake the functions of DTC hereunder can be found which is willing and able to undertake such functions upon reasonable and customary terms, the Series 2026 Bonds shall no longer be restricted to being registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or names registered owners transferring or exchanging the Series 2026 Bonds shall designate, in accordance with the provisions hereof.
In the event DTC, any successor of DTC or the Issuer, but only in accordance with the procedures of DTC, elects to discontinue the book-entry only system, the Trustee shall deliver bond certificates in accordance with the written instructions from DTC or its successor and after such time Series 2026 Bonds may be exchanged for an equal aggregate principal amount of Series

2026 Bonds in other Authorized Denominations upon surrender thereof at the designated corporate trust office of the Trustee.
SECTION 2.08.   Appointment of Registrar and Paying Agent. The Issuer shall keep, at the designated corporate trust office of the Registrar, books (the “Bond Register”) for the registration, transfer and exchange of the Series 2026 Bonds, and hereby appoints U.S. Bank Trust Company, National Association, as its Registrar to keep such books and make such registrations, transfers, and exchanges as required hereby. U.S. Bank Trust Company, National Association hereby accepts its appointment as Registrar and its duties and responsibilities as Registrar hereunder. Registrations, transfers and exchanges shall be without charge to the Bondholder requesting such registration, transfer or exchange, but such Bondholder shall pay any taxes or other governmental charges on all registrations, transfers and exchanges.
The Issuer hereby appoints U.S. Bank Trust Company, National Association as Paying Agent for the Series 2026 Bonds. U.S. Bank Trust Company, National Association hereby accepts its appointment as Paying Agent and its duties and responsibilities as Paying Agent hereunder.
SECTION 2.09.  Conditions Precedent to Issuance of the Series 2026 Bonds. In addition to complying with the requirements set forth in the Master Indenture in connection with the issuance of the Series 2026 Bonds, all the Series 2026 Bonds shall be executed by the Issuer for delivery to the Trustee and thereupon shall be authenticated by the Trustee and delivered to the Issuer or upon its order, but only upon the further receipt by the Trustee of:
Certified copies of the Assessment Resolutions;
Executed originals of the Master Indenture and this First Supplemental
Indenture; and
An opinion of Counsel to the District, also addressed to the Trustee,
substantially to the effect that (i) the Issuer has been duly established and validly exists as a community development district under the Act, (ii) the Issuer has good right and lawful authority under the Act to construct and/or purchase the 2026 Project being financed with the proceeds of the Series 2026 Bonds, subject to obtaining such licenses, orders or other authorizations as are, at the date of such opinion, required to be obtained from any agency or regulatory body having lawful jurisdiction in order to own and operate the 2026 Project, (iii) all proceedings undertaken by the Issuer with respect to the Series 2026 Special Assessments have been in accordance with Florida law, (iv) the Issuer has taken all action necessary to levy and impose the Series 2026 Special Assessments, and (v) the Series 2026 Special Assessments are legal, valid and binding liens upon the property against which such Series 2026 Special Assessments are made, coequal with the lien of all state, county, district and municipal taxes, superior in dignity to all other liens, titles and claims, until paid; and
A certificate of an Authorized Officer to the effect that, upon the authentication and delivery of the Series 2026 Bonds, the Issuer will not be in default in the performance of the terms and provisions of the Master Indenture or this First Supplemental Indenture.

Receipt by the Trustee of the net proceeds from the initial sale of the Series 2026 Bonds shall constitute conclusive evidence of the fulfillment of the conditions precedent for the issuance of the Series 2026 Bonds set forth in this Section 2.09 to the satisfaction of the Issuer and the Underwriter.

[END OF ARTICLE II]

ARTICLE III REDEMPTION OF SERIES 2026 BONDS
SECTION 3.01.  Redemption Dates and Prices. The Series 2026 Bonds shall be subject to redemption at the times and in the manner provided in Article VIII of the Master Indenture and in this Article III. All payments of the Redemption Price of the Series 2026 Bonds shall be made on the dates hereinafter required. Except as otherwise provided in this Section 3.01, if less than all the Series 2026 Bonds are to be redeemed pursuant to an extraordinary mandatory redemption, the Trustee shall select the Series 2026 Bonds or portions of the Series 2026 Bonds to be redeemed pursuant to Section 8.04 of the Master Indenture. Partial redemptions of Series 2026 Bonds shall be made in such a manner that the remaining Series 2026 Bonds held by each Bondholder shall be in Authorized Denominations, except for the last remaining Series 2026 Bond.
The Series 2026 Bonds are subject to redemption prior to maturity in the amounts, at the times and in the manner provided below. All payments of the Redemption Price of the Series 2026 Bonds shall be made on the dates specified below.
Optional Redemption. The Series 2026 Bonds may, at the option of the Issuer, provided written notice hereof has been sent to the Trustee at least forty-five (45) days prior to the redemption date (unless the Trustee will accept less than forty-five (45) days’ notice), be called for redemption prior to maturity as a whole or in part, at any time, on or after May 1, 20XX (less than all Series 2026 Bonds of a maturity to be selected by lot), at a Redemption Price equal to the principal amount of Series 2026 Bonds to be redeemed, plus accrued interest from the most recent Interest Payment Date to the redemption date from moneys on deposit in the Series 2026 Optional Redemption Subaccount of the Series 2026 Bond Redemption Account. If such optional redemption shall be in part, the Issuer shall select such principal amount of Series 2026 Bonds to be optionally redeemed from each maturity so that debt service on the remaining Outstanding Series 2026 Bonds is substantially level.
Extraordinary Mandatory Redemption in Whole or in Part. The Series 2026 Bonds are subject to extraordinary mandatory redemption prior to maturity by the Issuer in whole or in part, on any date (other than in the case of clause (i) below which extraordinary mandatory redemption in part must occur on a Quarterly Redemption Date), at a Redemption Price equal to 100% of the principal amount of the Series 2026 Bonds to be redeemed, plus interest accrued to the redemption date, as follows:
from Series 2026 Prepayment Principal deposited into the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account (taking into account the credit from the Series 2026 Reserve Account pursuant to Section 4.05 of this First Supplemental Indenture) following the Payment in whole or in part of the Series 2026 Special Assessments on any assessable property within Assessment Area One within the District in accordance with the provisions of Section 4.05 of this First Supplemental Indenture.
from moneys, if any, on deposit in the Series 2026 Funds, Accounts and subaccounts in the Funds and Accounts (other than the Series 2026 Rebate Fund, the Series 2026 Costs of Issuance Account and the Series 2026 Acquisition and Construction Account) sufficient to pay and redeem all Outstanding Series 2026 Bonds and accrued interest thereon to the redemption date or dates in addition to all amounts owed to Persons under the Indenture.

from any funds remaining on deposit in the Series 2026 Acquisition and Construction Account not otherwise reserved to complete the 2026 Project (including any amounts transferred from the Series 2026 Reserve Account) all of which have been transferred to the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account.
Mandatory Sinking Fund Redemption. The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption.

Year

Mandatory Sinking Fund Redemption Amount

*Maturity
The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption.
Mandatory Sinking Fund
Year	Redemption Amount

*Maturity
The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption.
Mandatory Sinking Fund
Year	Redemption Amount

Year

Mandatory Sinking Fund Redemption Amount

*Maturity
Upon any redemption of Series 2026 Bonds other than in accordance with scheduled mandatory sinking fund redemptions, the District shall cause to be recalculated and delivered to the Trustee revised mandatory sinking fund redemption amounts recalculated so as to amortize the Outstanding principal amount of Series 2026 Bonds in substantially equal annual installments of principal and interest (subject to rounding to Authorized Denominations of principal) over the remaining term of the Series 2026 Bonds. The mandatory sinking fund redemption amounts as so recalculated shall not result in an increase in the aggregate of the mandatory sinking fund redemption amounts for all Series 2026 Bonds in any year. In the event of a redemption occurring less than forty-five (45) days prior to a date on which a mandatory sinking fund redemption payment is due, the foregoing recalculation shall not be made to the mandatory sinking fund redemption amounts due in the year in which such redemption occurs, but shall be made to the mandatory sinking fund redemption amounts for the immediately succeeding and subsequent years.
SECTION 3.02.  Notice of Redemption. When required to redeem Series 2026 Bonds under any provision of this First Supplemental Indenture or directed to redeem Series 2026 Bonds by the Issuer, the Trustee shall give or cause to be given to Owners of the Series 2026 Bonds to be redeemed, notice of the redemption, as set forth in Article VIII of the Master Indenture.
[END OF ARTICLE III]

ARTICLE IV
ESTABLISHMENT OF CERTAIN FUNDS AND ACCOUNTS; ADDITIONAL COVENANTS OF THE ISSUER; PREPAYMENTS; REMOVAL OF SPECIAL ASSESSMENT LIENS
SECTION 4.01.	Establishment of Certain Funds and Accounts.
The Trustee shall establish a separate Account within the Acquisition and Construction Fund designated as the “Series 2026 Acquisition and Construction Account.” Net proceeds of the Series 2026 Bonds shall be deposited into the Series 2026 Acquisition and Construction Account in the amount set forth in Section 2.06 of this First Supplemental Indenture, together with any other moneys that may be transferred to the Series 2026 Acquisition and Construction Account as provided for herein. Such moneys in the Series 2026 Acquisition and Construction Account shall be disbursed by the Trustee as set forth in Section 5.01 of the Master Indenture, and this Section 4.01(a), and upon disbursement, the Issuer shall apply such moneys as provided for herein and in the Acquisition Agreement. Subject to the provisions of Section 4.01(f) hereof, any moneys remaining in the Series 2026 Acquisition and Construction Account after the Completion Date and after the expenditure of all moneys remaining therein that have not been requisitioned after satisfaction of the Release Conditions upon notice of the same given by the Developer to the District Manager and the Trustee, except for any moneys reserved therein for the payment of any costs of the 2026 Project owed but not yet requisitioned, as evidenced in a certificate from the District Manager to the Trustee and the Issuer, upon which the Trustee may conclusively rely, and the adoption of a resolution by the Issuer accepting the 2026 Project, a copy of which shall be delivered to the Trustee, upon which the Trustee may conclusively rely, shall be transferred by the Trustee to the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account. Subject to the provisions of Section 4.01(f) hereof, the Series 2026 Acquisition and Construction Account shall be closed upon the expenditure or transfer of all funds therein including moneys deposited therein as a result of satisfaction of the Release Conditions. Upon presentment to the Trustee of a properly signed requisition in substantially the form attached hereto as Exhibit C, the Trustee shall withdraw moneys from the Series 2026 Acquisition and Construction Account and make payment to the Person or Persons so designated in such requisition. Pursuant to the Master Indenture, the Trustee shall establish a separate Account within the Acquisition and Construction Fund designated as the “Series 2026 Costs of Issuance Account.” Net proceeds of the Series 2026 Bonds shall be deposited into the Series 2026 Costs of Issuance Account in the amount set forth in Section 2.06 of this First Supplemental Indenture. Upon presentment to the Trustee of a properly signed requisition in substantially the form attached hereto as Exhibit C, the Trustee shall withdraw moneys from the Series 2026 Costs of Issuance Account to pay the costs of issuing the Series 2026 Bonds. Six months after the issuance of the Series 2026 Bonds, any moneys remaining in the Series 2026 Costs of Issuance Account in excess of the amounts requested to be disbursed by the Issuer shall be deposited into the Series 2026 Interest Account. Any deficiency in the amount allocated to pay the cost of issuing the Series 2026 Bonds shall be paid from excess Series 2026 Pledged Revenues on deposit in the Series 2026 Revenue Account in accordance with Section 4.02 SEVENTH. When there are no further moneys therein, the Series 2026 Costs of Issuance Account shall be closed.
Pursuant to Section 6.03 of the Master Indenture, the Trustee shall establish a separate Account within the Revenue Fund designated as the “Series 2026 Revenue Account.”

Series 2026 Special Assessments (except for Prepayments of Series 2026 Special Assessments which shall be identified as such by the Issuer to the Trustee and deposited in the Series 2026 Prepayment Subaccount) shall be deposited by the Trustee into the Series 2026 Revenue Account which shall be applied as set forth in Section 6.03 of the Master Indenture and Section 4.02 of this First Supplemental Indenture.
Pursuant to Section 6.04 of the Master Indenture, the Trustee shall establish a separate Account within the Debt Service Fund designated as the “Series 2026 Principal Account.” Moneys shall be deposited into the Series 2026 Principal Account as provided in Section 6.04 of the Master Indenture and Section 4.02 of this First Supplemental Indenture, and applied for the purposes provided therein.
Pursuant to Section 6.04 of the Master Indenture, the Trustee shall establish a separate Account within the Debt Service Fund designated as the “Series 2026 Interest Account.” Moneys deposited into the Series 2026 Interest Account pursuant to Section 6.04 of the Master Indenture and Sections 2.06 and 4.02 of this First Supplemental Indenture, shall be applied for the purposes provided therein.
Pursuant to Section 6.04 of the Master Indenture, the Trustee shall establish another separate Account within the Debt Service Fund designated as the “Series 2026 Sinking Fund Account.” Moneys shall be deposited into the Series 2026 Sinking Fund Account as provided in Section 6.04 of the Master Indenture and Section 4.02 of this First Supplemental Indenture and applied for the purposes provided therein and in Section 3.01(c) of this First Supplemental Indenture.
Pursuant to Section 6.05 of the Master Indenture, the Trustee shall establish a separate Account within the Debt Service Reserve Fund designated as the “Series 2026 Reserve Account.” Net proceeds of the Series 2026 Bonds shall be deposited into the Series 2026 Reserve Account in the amount set forth in Section 2.06 of this First Supplemental Indenture, and such moneys, together with any other moneys deposited into the Series 2026 Reserve Account pursuant to Section 4.02 of this First Supplemental Indenture shall be applied for the purposes provided therein and in this Section 4.01(f) of this First Supplemental Indenture.
On each March 15 and September 15 (or, if such date is not a Business Day, on the Business Day next preceding such day), the Trustee shall determine the amount on deposit in the Series 2026 Reserve Account and transfer prior to the Completion Date any excess therein above the Reserve Requirement for the Series 2026 Bonds caused by investment earnings to the Series 2026 Acquisition and Construction Account and after the Completion Date to the Series 2026 Revenue Account.
Notwithstanding any of the foregoing, amounts on deposit in the Series 2026 Reserve Account shall be transferred by the Trustee, in the amounts directed in writing by the Majority Holders of the Series 2026 Bonds to the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account, if as a result of the application of Article X of the Master Indenture, the proceeds received from lands sold subject to the Series 2026 Special Assessments and applied to redeem a portion of the Series 2026 Bonds is less than the principal amount of Series 2026 Bonds indebtedness attributable to such lands.

Subject to the provisions of Section 4.05 hereof, on any date the Issuer or the District Manager, on behalf of the Issuer, receives notice that a landowner wishes to prepay its Series 2026 Special Assessments relating to the benefited property of such landowner within Assessment Area One within the District, or as a result of a mandatory true-up payment, the Issuer shall, or cause the District Manager, on behalf of the Issuer, to calculate the principal amount of such Prepayment taking into account a credit against the amount of the Series 2026 Prepayment Principal due by the amount of money in the Series 2026 Reserve Account that will be in excess of the applicable Reserve Requirement, taking into account the proposed Prepayment. Such excess in the Series 2026 Reserve Account shall be transferred by the Trustee to the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account, as a result of such Prepayment. The District Manager, on behalf of the Issuer, shall make such calculation within ten (10) Business Days after receiving notice of such Prepayment and shall instruct the Trustee in writing to transfer such amount of credit given to the landowner from the Series 2026 Reserve Account to the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account to be used for the extraordinary mandatory redemption of the Series 2026 Bonds in accordance with Section 3.01(b)(i) hereof. The Trustee is authorized to make such transfers and has no duty to verify such calculations. Notwithstanding the foregoing, and as further described in the next succeeding paragraph, upon satisfaction of the Release Conditions, as the case may be, the Trustee shall deposit such excess on deposit in the Series 2026 Reserve Account to the Series 2026 Acquisition and Construction Account and pay such amount deposited in the Series 2026 Acquisition and Construction Account to the Person or Persons designated in a requisition in the form attached hereto as Exhibit “C” submitted to the Issuer by the Developer which requisition shall be executed by the Issuer and the Consulting Engineer. Such payment is authorized notwithstanding that the Completion Date might have been declared provided that there are Costs of the 2026 Project that were not paid from moneys initially deposited in the Series 2026 Acquisition and Construction Account and the Trustee has on file one or more properly executed unfunded requisitions (“Unfunded Requisition”). In the event there are multiple Unfunded Requisitions on file with the Trustee, the Trustee shall fund such requisitions in the order the Trustee has received them (from oldest to newest). In the event that there are no Unfunded Requisitions on file with the Trustee, such excess moneys transferred from the Series 2026 Reserve Account to the Series 2026 Acquisition and Construction Account shall be deposited into the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account.
Upon satisfaction of the Release Conditions as evidenced by a written certificate of the District Manager delivered to the Issuer and the Trustee, stating that the Release Conditions have been satisfied and setting forth the amount of the new Series 2026 Reserve Requirement, the Trustee shall without further direction reduce the Series 2026 Reserve Requirement to ten percent (10%) of the maximum annual debt service of the then Outstanding principal amount of the Series 2026 Bonds as calculated by the District Manager. The excess amount in the Series 2026 Reserve Account shall be transferred to the Series 2026 Acquisition and Construction Account. The Trustee may conclusively rely on such written certificate of the District Manager.
In addition, in the event of an extraordinary mandatory redemption pursuant to Section 3.01(b)(iii), the Issuer or the District Manager, on behalf of the Issuer, shall calculate the applicable Reserve Requirement and the District Manager shall communicate the same to the Trustee and the Trustee shall apply any excess in the Series 2026 Reserve Account toward such extraordinary mandatory redemption.

Pursuant to Section 6.06 of the Master Indenture, the Trustee shall establish a separate Series Bond Redemption Account within the Bond Redemption Fund designated as the “Series 2026 Bond Redemption Account” and within such Account, a “Series 2026 General Redemption Subaccount,” a “Series 2026 Optional Redemption Subaccount,” and a “Series 2026 Prepayment Subaccount.” Except as otherwise provided in this First Supplemental Indenture regarding Prepayments or in connection with the optional redemption of the Series 2026 Bonds, moneys to be deposited into the Series 2026 Bond Redemption Account as provided in Section
6.06 of the Master Indenture, shall be deposited to the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account.
Moneys that are deposited into the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account (including all earnings on investments held therein) shall be used to call Series 2026 Bonds for the extraordinary mandatory redemption in whole, pursuant to Section 3.01(b)(ii) hereof or in part pursuant to Section 3.01(b)(iii) hereof.
Moneys in the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account (including all earnings on investments held in such Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account) shall be accumulated therein to be used to call for redemption pursuant to Section 3.01(b)(i) hereof an amount of Series 2026 Bonds equal to the amount of money transferred to the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account for the purpose of such extraordinary mandatory redemption on the dates and at the price provided in such Section 3.01(b)(i) hereof.
The Issuer hereby directs the Trustee to establish a Series 2026 Rebate Fund designated as the “Series 2026 Rebate Fund.” Moneys shall be deposited into the Series 2026 Rebate Fund, as provided in the Arbitrage Certificate and Section 4.02 SEVENTH herein and applied for the purposes provided therein.
Any moneys on deposit in the Series 2026 Optional Redemption Subaccount shall be used to optionally redeem all or a portion of the Series 2026 Bonds pursuant to Section 3.01(a) hereof.
SECTION 4.02.  Series 2026 Revenue Account. The Trustee shall transfer from amounts on deposit in the Series 2026 Revenue Account to the Funds and Accounts designated below, the following amounts, at the following times and in the following order of priority:
FIRST, upon receipt but no later than the Business Day next preceding each November 1 commencing November 1, 2026, to the Series 2026 Interest Account of the Debt Service Fund, an amount equal to the interest on the Series 2026 Bonds becoming due on the next succeeding November 1, less any amounts on deposit in the Series 2026 Interest Account not previously credited;
SECOND, upon receipt but no later than the Business Day next preceding each May 1 commencing May 1, 2027, to the Series 2026 Interest Account of the Debt Service Fund, an amount equal to the interest on the Series 2026 Bonds becoming due on the next succeeding May 1, less any amount on deposit in the Series 2026 Interest Account not previously credited;

THIRD, no later than the Business Day next preceding each May 1, commencing May 1, 202X, to the Series 2026 Sinking Fund Account of the Debt Service Fund, an amount equal to the principal amount of Series 2026 Bonds subject to sinking fund redemption on such May 1, less any amount on deposit in the Series 2026 Sinking Fund Account not previously credited;
FOURTH, no later than the Business Day next preceding each May 1, which is a principal payment date for any Series 2026 Bonds, to the Series 2026 Principal Account of the Debt Service Fund, an amount equal to the principal amount of Series 2026 Bonds Outstanding maturing on such May 1, less any amounts on deposit in the Series 2026 Principal Account not previously credited;
FIFTH, notwithstanding the foregoing, at any time the Series 2026 Bonds are subject to redemption on a date which is not a May 1 or November 1 Interest Payment Date, the Trustee shall be authorized to transfer from the Series 2026 Revenue Account to the Series 2026 Interest Account, the amount necessary to pay interest on the Series 2026 Bonds subject to redemption on such date;
SIXTH, upon receipt but no later than the Business Day next preceding each Interest Payment Date while Series 2026 Bonds remain Outstanding, to the Series 2026 Reserve Account, an amount equal to the amount, if any, which is necessary to make the amount on deposit therein equal to the Reserve Requirement for the Series 2026 Bonds; and
SEVENTH, subject to the foregoing paragraphs, the balance of any moneys remaining after making the foregoing deposits shall be deposited into the Series 2026 Costs of Issuance Account to cover any deficiencies in the amount allocated to pay the cost of issuing the Series 2026 Bonds and next, any balance in the Series 2026 Revenue Account shall remain on deposit in such Series 2026 Revenue Account, unless pursuant to the Arbitrage Certificate, it is necessary to make a deposit into the Series 2026 Rebate Fund , in which case, the Issuer shall direct the Trustee to make such deposit thereto.
SECTION 4.03.   Power to Issue Series 2026 Bonds and Create Lien. The Issuer is duly authorized under the Act and all applicable laws of the State to issue the Series 2026 Bonds, to execute and deliver the Indenture and to pledge the Series 2026 Pledged Revenues for the benefit of the Series 2026 Bonds to the extent set forth herein. The Series 2026 Pledged Revenues are not and shall not be subject to any other lien senior to or on a parity with the lien created in favor of the Series 2026 Bonds. The Series 2026 Bonds and the provisions of the Indenture are and will be valid and legally enforceable obligations of the Issuer in accordance with their respective terms. The Issuer shall, at all times, to the extent permitted by law, defend, preserve and protect the pledge created by the Indenture and all the rights of the Owners of the Series 2026 Bonds under the Indenture against all claims and demands of all persons whomsoever.
SECTION 4.04.  2026 Project to Conform to Consulting Engineers Report. Upon the issuance of the Series 2026 Bonds, the Issuer will promptly proceed to construct or acquire the 2026 Project, as described in Exhibit A hereto and in the Consulting Engineer’s Report relating thereto, all pursuant to the terms and provisions of the Acquisition Agreement.

SECTION 4.05.	Prepayments; Removal of the Special Assessment Liens.
At any time any owner of property subject to the Series 2026 Special Assessments may, at its option, or as a result of acceleration of the Series 2026 Special Assessments because of non-payment thereof or as a result of true-up payment, shall require the Issuer to reduce or release and extinguish the lien upon its property by virtue of the levy of the Series 2026 Special Assessments by paying or causing there to be paid, to the Issuer all or a portion of the Series 2026 Special Assessment, which shall constitute Series 2026 Prepayment Principal, plus accrued interest to the next succeeding Quarterly Redemption Date (or the next succeeding Interest Payment Date if such Prepayment is made within forty-five (45) calendar days before an Quarterly Redemption Date), attributable to the property subject to the Series 2026 Special Assessment owned by such owner. In connection with such Prepayments, in the event the amount in the Series 2026 Reserve Account will exceed the applicable Reserve Requirement as a result of a Prepayment in accordance with this Section 4.05(a) and Section 4.01(f) hereof and the resulting redemption of the Series 2026 Bonds in accordance with Section 3.01(b)(i) of this First Supplemental Indenture, the excess amount shall be transferred from the Series 2026 Reserve Account to the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account as a credit against the Series 2026 Prepayment Principal otherwise required to be paid by the owner of such lot or parcel, upon written instructions to the Trustee of the District Manager upon which the Trustee may conclusively rely, on behalf of the Issuer, together with a certification stating that, after giving effect to such transfers sufficient moneys will be on deposit in the Series 2026 Reserve Account to equal or exceed the then Reserve Requirement for the Series 2026 Bonds and which certificate of the District Manager will further state that, after giving effect to the proposed redemption of Series 2026 Bonds, there will be sufficient Series 2026 Pledged Revenues to pay the principal and interest, when due, on all Series 2026 Bonds that will remain Outstanding.
Upon receipt of Series 2026 Prepayment Principal as described in paragraph
(a) above, subject to satisfaction of the conditions set forth therein, the Issuer shall immediately pay the amount so received to the Trustee, and the Issuer shall take such action as is necessary to record in the official records of the Issuer that the Series 2026 Special Assessment has been paid in whole or in part and that such Series 2026 Special Assessment lien is thereby reduced, or released and extinguished, as the case may be.
The Trustee may conclusively rely on the Issuer’s determination of what moneys constitute Series 2026 Prepayment Principal. The Issuer or the District Manager, on behalf of the Issuer, shall calculate the amount available for extraordinary mandatory redemption of the Series 2026 Bonds pursuant to Section 3.01(b)(i) hereof forty-five (45) days before each Quarterly Redemption Date and will withdraw money from the Series 2026 Reserve Account as a credit against the amount of Prepayment that is owed in an amount as directed by the Issuer or the District Manager on behalf of the Issuer in accordance with Section 4.01(f) hereof and Section 4.05(a) hereof. No Reserve Account credit shall be given if as a result the Reserve Requirement shall be less than is required after taking into account the proposed extraordinary mandatory redemption pursuant to Section 3.01(b)(i) hereof. At any time such Prepayment is not in an integral multiple of $5,000, the Trustee shall withdraw moneys from the Series 2026 Revenue Account to round-up to the nearest integral multiple of $5,000 and deposit such amount into the Series 2026 Prepayment Subaccount. Notwithstanding the foregoing, the Trustee shall not be authorized to

withdraw any moneys from the Series 2026 Revenue Account unless all of the deposits required under Section 4.02 hereof have or can be made to the next succeeding Quarterly Redemption Date.

[END OF ARTICLE IV]

ARTICLE V
COVENANTS AND DESIGNATIONS OF THE ISSUER
SECTION 5.01.  Collection of Series 2026 Special Assessments. Pursuant to the terms and provisions of the Master Indenture and except as provided in the next succeeding sentence, the Issuer shall collect the Series 2026 Special Assessments through the Uniform Method of Collection (the “Uniform Method”) afforded by Chapter 197, Florida Statutes. Pursuant to the terms and provisions of the Master Indenture, the Issuer shall, pursuant to the provisions of the Assessment Resolutions, directly collect the Series 2026 Special Assessments levied in lieu of the Uniform Method with respect to any assessable lands which have not yet been platted or subject to a re-plat, unless the Trustee at the direction of the Majority Holders directs the Issuer otherwise, or the timing for using the Uniform Method will not yet allow for using such method. In addition, and not in limitation of, the covenants contained elsewhere in this First Supplemental Indenture and in the Master Indenture, the Issuer covenants to comply with the terms of the proceedings heretofore adopted with respect to the Series 2026 Special Assessments, and to levy the Series 2026 Special Assessments in such manner as will generate funds sufficient to pay debt service on the Series 2026 Bonds when due. All Series 2026 Special Assessments that are collected directly by the Issuer shall be due and payable by the landowner not later than thirty (30) days prior to each Interest Payment Date.
SECTION 5.02.  Continuing Disclosure. Contemporaneously with the execution and delivery hereof, the Issuer has executed and delivered a Continuing Disclosure Agreement in order to comply with the requirements of Rule 15c2-12 promulgated under the Securities and Exchange Act of 1934. The Issuer covenants and agrees to comply with the provisions of such Continuing Disclosure Agreement applicable to it; however, as set forth therein, failure to so comply shall not constitute and Event of Default hereunder, but shall instead be enforceable by mandamus or any other means of specific performance.
SECTION 5.03.   Investment of Funds and Accounts. The provisions of Section 7.02 of the Master Indenture shall apply to the investment and reinvestment of moneys in the Series 2026 Accounts and subaccounts therein created hereunder.
SECTION 5.04.  Additional Obligations. The Issuer covenants not to issue any other Bonds or other debt obligations secured by the Series 2026 Special Assessments. Such covenant shall not prohibit the Issuer from issuing refunding Bonds. In addition, the Issuer covenants not to issue any other Bonds or debt obligations for capital projects, secured by special assessments levied on the land within the District which secure the Series 2026 Special Assessments, until the Series 2026 Special Assessments are Substantially Absorbed. The Issuer’s covenants described above shall not preclude the imposition of Special Assessments or other non-ad valorem assessments on such lands within the District in connection with other capital projects that are necessary for health, safety or welfare reasons or to remediate a natural disaster. The Issuer, or the District Manager on behalf of the Issuer, shall provide the Trustee with a certification that the Series 2026 Special Assessments are Substantially Absorbed and the Trustee may conclusively rely upon such certification and shall have no duty to verify if the Series 2026 Special Assessments are Substantially Absorbed. Notwithstanding any provision in the Indenture to the contrary, the Issuer may issue other Bonds or debt obligations secured by Special Assessments levied on the same land upon which the Series 2026 Special Assessments have been levied, at any time upon the written consent of the Majority Holders.

SECTION 5.05. Acknowledgement Regarding Series 2026 Acquisition and Construction Account Moneys Following an Event of Default. In accordance with the provisions of the Indenture, the Series 2026 Bonds are payable solely from the Series 2026 Pledged Revenues. Anything in the Indenture to the contrary notwithstanding, the Issuer hereby acknowledges that the Series 2026 Pledged Revenues include, without limitation, all amounts on deposit in the Series 2026 Acquisition and Construction Account of the Acquisition and Construction Fund then held by the Trustee, and upon the occurrence of an Event of Default with respect to the Series 2026 Bonds, (i) the Series 2026 Pledged Revenues may not be used by the Issuer (whether to pay costs of the 2026 Project or otherwise) without the consent of the Majority Holders, and (ii) the Series 2026 Pledged Revenues may be used by the Trustee, at the direction or with the approval of the Majority Holders, to pay the reasonable costs and expenses incurred in connection with the pursuit of remedies under the Indenture. The Issuer covenants not to enter into any contract regarding the 2026 Project from and after the occurrence of an Event of Default without the written direction of the Majority Holders.

[END OF ARTICLE V]

ARTICLE VI
THE TRUSTEE; THE PAYING AGENT AND REGISTRAR
SECTION 6.01.  Acceptance of Trust. The Trustee accepts and agrees to execute the trusts hereby created and agrees to perform such trusts upon the terms and conditions set forth in the Indenture. The Trustee agrees to act as Paying Agent and Registrar for the Series 2026 Bonds.
SECTION 6.02.   Trustee’s Duties. The Trustee shall not be responsible in any manner for the due execution of this First Supplemental Indenture by the Issuer or for the recitals contained herein (except for the certificate of authentication on the Series 2026 Bonds), all of which are made solely by the Issuer. Nothing contained herein shall limit the rights, benefits, privileges, protection and entitlement inuring to the Trustee under the Master Indenture.
SECTION 6.03.  Brokerage Confirmations. The Issuer acknowledges that to the extent regulations of the Comptroller of the Currency or other applicable regulatory entity grant the Issuer the right to receive individual confirmations of security transactions at no additional cost, as they occur, the Issuer specifically waives receipt of such confirmations to the extent permitted by law. The Trustee will furnish the Issuer periodic cash transaction statements that include detail for all investment transactions made by the Trustee hereunder.

[END OF ARTICLE VI]

ARTICLE VII MISCELLANEOUS PROVISIONS
SECTION 7.01. Interpretation of First Supplemental Indenture. This First Supplemental Indenture amends and supplements the Master Indenture with respect to the Series 2026 Bonds, and all of the provisions of the Master Indenture, to the extent not inconsistent herewith, are incorporated in this First Supplemental Indenture by reference. To the maximum extent possible, the Master Indenture and this First Supplemental Indenture shall be read and construed as one document.
SECTION 7.02.  Amendments. Any amendments to this First Supplemental Indenture shall be made pursuant to the provisions for amendment contained in the Master Indenture.
SECTION 7.03. Counterparts and Electronically Signed and/or Transmitted Signatures. This First Supplemental Indenture may be executed in counterparts, and all counterparts together shall be construed as one document. Executed counterparts of this First Supplemental Indenture with signatures sent by electronic mail (i.e., in PDF format) or signed electronically via DocuSign or other electronic means may be used in the place of original signatures on this First Supplemental Indenture. The parties intend to be bound by the signatures of the electronically mailed or signed signatures and the delivery of the same shall be effective as delivery of an original executed counterpart of this First Supplemental Indenture. Subject to the provisions of Section 11.08 of the Master Indenture applicable to the Trustee, the parties to this First Supplemental Indenture hereby waive any defenses to the enforcement of the terms of this First Supplemental Indenture based on the form of the signature, and hereby agree that such electronically mailed or signed signatures shall be conclusive proof, admissible in judicial proceedings, of the parties’ execution of this First Supplemental Indenture.
SECTION 7.04.  Appendices and Exhibits. Any and all schedules, appendices or exhibits referred to in and attached to this First Supplemental Indenture are hereby incorporated herein and made a part of this First Supplemental Indenture for all purposes.
SECTION 7.05.   Payment Dates. In any case in which an Interest Payment Date or the maturity date of the Series 2026 Bonds or the date fixed for the redemption of any Series 2026 Bonds shall be other than a Business Day, then payment of interest, principal or Redemption Price need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on the due date, and no interest on such payment shall accrue for the period after such due date if payment is made on such next succeeding Business Day.
SECTION 7.06.  No Rights Conferred on Others. Nothing herein contained shall confer any right upon any Person other than the parties hereto and the Holders of the Series 2026 Bonds.
SECTION 7.07.  USA Patriot Act Requirements of the Trustee. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. For a non-individual person such as a business entity, a charity, a trust or other legal entity, the Trustee will ask for documentation to verify such non-individual person’s

formation and existence as a legal entity. The Trustee may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.

[Remainder of page intentionally left blank.]

IN WITNESS WHEREOF, Shores at Stillwater Community Development District has caused this First Supplemental Trust Indenture to be executed by the Chairperson or Vice Chairperson of its Board of Supervisors and its corporate seal to be hereunto affixed and attested by the Secretary of its Board of Supervisors and U.S. Bank Trust Company, National Association has caused this First Supplemental Trust Indenture to be executed by one of its authorized signatories, all as of the day and year above written.

[SEAL]
Attest:

By:			 Name: Michelle Krizen		 Title:	Secretary		 Board of Supervisors	

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

By:			 Name: 			 Title:	Chairperson/Viceperson		 Board of Supervisors	

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee,
Paying Agent and Registrar

By: 	 Name: Robert Hedgecock	 Title:  Vice President	

STATE OF FLORIDA	)
) SS: COUNTY OF 	)
The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this     day of 	, 2026, by 		, Chairperson/Vice Chairperson of Shores at Stillwater Community Development District (the “Issuer”), who acknowledged that he/she did so sign the foregoing instrument as such officer for and on behalf of said Issuer; that the same is his/her free act and deed as such officer, and the free act and deed of said Issuer; and that the seal affixed to said instrument is the seal of said Issuer; that he/she appeared before me this day in person and severally acknowledged that he/she, being thereunto duly authorized, signed, sealed with the seal of said Issuer, for the uses and purposes therein set forth. He/she is personally known to me or produced 	 as identification.
Notary: 	 [NOTARIAL SEAL]	Print Name: 	
NOTARY PUBLIC, STATE OF FLORIDA
My commission expires 	

STATE OF FLORIDA	)
) SS:
COUNTY OF 		)
The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this     day of 	, 2026, by Michelle Krizen, Secretary of Shores at Stillwater Community Development District (the “Issuer”), who acknowledged that she did so sign the foregoing instrument as such officer for and on behalf of said Issuer; that the same is her free act and deed as such officer, and the free act and deed of said Issuer; and that the seal affixed to said instrument is the seal of said Issuer; that she appeared before me this day in person and severally acknowledged that she, being thereunto duly authorized, signed, sealed with the seal of said Issuer, for the uses and purposes therein set forth. She is personally known to me or produced 	 as identification.
Notary: 	 [NOTARIAL SEAL]	Print Name: 	
NOTARY PUBLIC, STATE OF FLORIDA
My commission expires 	

STATE OF FLORIDA	)
) SS:
COUNTY OF BROWARD	)
The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this     day of 	, 2026, by Robert Hedgecock, a Vice President of U.S. Bank Trust Company, National Association, as Trustee (the “Trustee”), who acknowledged that he did so sign said instrument as such officer for and on behalf of the Trustee; that the same is his free act and deed as such officer, and the free act and deed of the Trustee; that he appeared before me on this day in person and acknowledged that he, being thereunto duly authorized, signed, for the uses and purposes therein set forth. He is personally known to me or has produced 	 as identification.
Notary: 	 [NOTARIAL SEAL]	Print Name: 	
NOTARY PUBLIC, STATE OF 	
My commission expires 	

`

EXHIBIT A DESCRIPTION OF THE 2026 PROJECT
The 2026 Project includes, but is not limited to, the following improvements, as described in the
Master Report of District Engineer, dated February 2026, as supplemented:
Stormwater management and control facilities, including but not limited to, related earthwork and acquisition of certain lands thereto;
Water and Sewer facilities; and Related soft and incidental costs.

A-1

EXHIBIT B
[FORM OF SERIES 2026 BOND]
R-1	$	
UNITED STATES OF AMERICA STATE OF FLORIDA
COUNTY OF SARASOTA
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BOND, SERIES 2026
(ASSESSMENT AREA ONE)

Interest Rate	Maturity Date	Date of Original Issuance	CUSIP
	%

Registered Owner:-------------------------------Cede & Co.-------------------------------------------------
Principal Amount:--
KNOW ALL PERSONS BY THESE PRESENTS that the Shores at Stillwater Community Development District (the “Issuer”), for value received, hereby promises to pay to the registered owner shown above or registered assigns, on the date specified above, from the sources hereinafter mentioned, upon presentation and surrender hereof (except while the herein defined Series 2026 Bonds are in book-entry only form such presentation shall not be required), at the designated corporate trust office of U.S. Bank Trust Company, National Association, as paying agent (said
U.S. Bank Trust Company, National Association and/or any bank or trust company to become successor paying agent being herein called the “Paying Agent”), the Principal Amount set forth above (with interest thereon at the Interest Rate per annum set forth above, computed on a 360-day year of twelve 30-day months), said principal payable on the Maturity Date stated above. Principal of this Bond is payable at the designated corporate trust office of U.S. Bank Trust Company, National Association, located in Fort Lauderdale, Florida, in lawful money of the United States of America. Interest on this Bond is payable by check or draft of the Paying Agent made payable to the registered owner and mailed on each May 1 and November 1, commencing November 1, 2026 to the address of the registered owner as such name and address shall appear on the registry books of the Issuer maintained by U.S. Bank Trust Company, National Association, as registrar (said U.S. Bank Trust Company, National Association and any successor registrar being herein called the “Registrar”) at the close of business on the fifteenth day (whether or not a Business Day) of the calendar month next preceding an interest payment date (the “Record Date”). Such interest shall be payable from the most recent interest payment date next preceding the date of authentication hereof to which interest has been paid, unless the date of authentication hereof is a May 1 or November 1 to which interest has been paid, in which case from the date of authentication hereof, or unless such date of authentication is prior to November 1, 2026, in which case from the date of initial delivery, or unless the date of authentication hereof is between a Record Date and the next succeeding interest payment date, in which case from such interest payment date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the registered owner on such Record Date and may be paid to the person in whose

name this Bond is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by U.S. Bank Trust Company, National Association, as Trustee (said U.S. Bank Trust Company, National Association and any successor trustee being herein called the “Trustee”), notice whereof shall be given to Bondholders of record as of the fifth (5th) day prior to such mailing, at their registered addresses, not less than ten (10) days prior to such Special Record Date, or may be paid, at any time in any other lawful manner, as more fully provided in the Indenture (defined below). Any capitalized term used in this Bond and not otherwise defined shall have the meaning ascribed to such term in the Indenture.
THE BONDS ARE LIMITED OBLIGATIONS OF THE ISSUER PAYABLE SOLELY FROM THE SERIES 2026 PLEDGED REVENUES PLEDGED THEREFOR UNDER THE INDENTURE AND NEITHER THE PROPERTY, THE FULL FAITH AND CREDIT, NOR THE TAXING POWER OF THE ISSUER, SARASOTA COUNTY, FLORIDA (THE “COUNTY”), THE STATE OF FLORIDA (THE “STATE”), OR ANY OTHER POLITICAL SUBDIVISION THEREOF, IS PLEDGED AS SECURITY FOR THE PAYMENT OF THE BONDS, EXCEPT THAT THE ISSUER IS OBLIGATED UNDER THE INDENTURE TO LEVY AND TO EVIDENCE AND CERTIFY, OR CAUSE TO BE CERTIFIED, FOR COLLECTION, SERIES 2026 SPECIAL ASSESSMENTS (AS DEFINED IN THE INDENTURE) TO SECURE AND PAY THE BONDS. THE BONDS DO NOT CONSTITUTE AN INDEBTEDNESS OF THE ISSUER, THE COUNTY, THE STATE, OR ANY OTHER POLITICAL SUBDIVISION THEREOF WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION OR LIMITATION.
This Bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Indenture until it shall have been authenticated by execution of the Trustee of the certificate of authentication endorsed hereon.
This Bond is one of an authorized issue of Bonds of the Shores at Stillwater Community Development District, a community development district duly created, organized and existing under Chapter 190, Florida Statutes (the Uniform Community Development District Act of 1980), as amended (the “Act”) and Ordinance No. 2025-032 of the Board of County Commissioners of Sarasota County, Florida enacted on February 10, 2026 and effective February 11, 2026, designated as “Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026 (Assessment Area One)” (the “Series 2026 Bonds”), in the aggregate principal amount of 	 MILLION 	 HUNDRED 	 THOUSAND AND
00/100 DOLLARS ($	.00) of like date, tenor and effect, except as to number, denomination, interest rate and maturity date. The Series 2026 Bonds are being issued under authority of the laws and Constitution of the State of Florida, including particularly the Act, to pay the costs of constructing and/or acquiring a portion of the 2026 Project (as defined in the herein referred to Indenture). The Series 2026 Bonds shall be issued as fully registered bonds in authorized denominations, as set forth in the Indenture. The Bonds are issued under and secured by a Master Trust Indenture dated as of May 1, 2026 (the “Master Indenture”), as supplemented by a First Supplemental Trust Indenture dated as of May 1, 2026 (the “First Supplemental Indenture” and together with the Master Indenture, the “Indenture”), each by and between the Issuer and the Trustee, executed counterparts of which are on file at the designated corporate trust office of the Trustee in Fort Lauderdale, Florida.

Reference is hereby made to the Indenture for the provisions, among others, with respect to the custody and application of the proceeds of the Series 2026 Bonds issued under the Indenture, the operation and application of the Debt Service Fund, the Series 2026 Reserve Account within the Debt Service Reserve Fund and other Funds and Accounts (each as defined in the Indenture) charged with and pledged to the payment of the principal of and the interest on the Series 2026 Bonds, the levy and the evidencing and certifying for collection, of the Series 2026 Special Assessments, the nature and extent of the security for the Bonds, the terms and conditions on which the Series 2026 Bonds are issued, the rights, duties and obligations of the Issuer and of the Trustee under the Indenture, the conditions under which such Indenture may be amended without the consent of the registered owners of the Series 2026 Bonds, the conditions under which such Indenture may be amended with the consent of the Majority Holders of the Series 2026 Bonds outstanding, and as to other rights and remedies of the registered owners of the Series 2026 Bonds.
The owner of this Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Indenture or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture.
It is expressly agreed by the owner of this Bond that such owner shall never have the right to require or compel the exercise of the ad valorem taxing power of the Issuer, the County, the State or any other political subdivision thereof, or taxation in any form of any real or personal property of the Issuer, the County, the State or any other political subdivision thereof, for the payment of the principal of and interest on this Bond or the making of any other sinking fund and other payments provided for in the Indenture, except for the Series 2026 Special Assessments to be assessed and levied by the Issuer as set forth in the Indenture.
By the acceptance of this Bond, the owner hereof assents to all the provisions of the Indenture.
This Bond is payable from and secured by Series 2026 Pledged Revenues, as such term is defined in the Indenture, all in the manner provided in the Indenture. The Indenture provides for the levy and the evidencing and certifying, of non-ad valorem assessments in the form of the Series 2026 Special Assessments to secure and pay the Bonds.
The Series 2026 Bonds are subject to redemption prior to maturity in the amounts, at the times and in the manner provided below. All payments of the redemption price of the Series 2026 Bonds shall be made on the dates specified below. Upon any redemption of Series 2026 Bonds other than in accordance with scheduled mandatory sinking fund redemption, the Issuer shall cause to be recalculated and delivered to the Trustee revised mandatory sinking fund redemption amounts recalculated so as to amortize the Outstanding principal amount of Series 2026 Bonds in substantially equal annual installments of principal and interest (subject to rounding to Authorized Denominations of principal) over the remaining term of the Series 2026 Bonds. The mandatory sinking fund redemption amounts as so recalculated shall not result in an increase in the aggregate of the mandatory sinking fund redemption amounts for all Series 2026 Bonds in any year. In the event of a redemption or purchase occurring less than forty-five (45) days prior to a date on which a mandatory sinking fund redemption payment is due, the foregoing recalculation shall not be made to the mandatory sinking fund redemption amounts due in the year in which such redemption

or purchase occurs, but shall be made to the mandatory sinking fund redemption amounts for the immediately succeeding and subsequent years.
Optional Redemption
The Series 2026 Bonds may, at the option of the Issuer, provided written notice hereof has been sent to the Trustee at least forty-five (45) days prior to the redemption date (unless the Trustee will accept less than forty-five (45) days’ notice), be called for redemption prior to maturity as a whole or in part, at any time, on or after May 1, 20XX (less than all Series 2026 Bonds of a maturity to be selected by lot), at a Redemption Price equal to the principal amount of Series 2026 Bonds to be redeemed, plus accrued interest from the most recent Interest Payment Date to the redemption date from moneys on deposit in the Series 2026 Optional Redemption Subaccount of the Series 2026 Bond Redemption Account. If such optional redemption shall be in part, the Issuer shall select such principal amount of Series 2026 Bonds to be optionally redeemed from each maturity so that debt service on the remaining Outstanding Series 2026 Bonds is substantially level.
Mandatory Sinking Fund Redemption

The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption. Such principal amounts shall be reduced as specified by the Issuer by the principal amount of any Series 2026 Bonds redeemed pursuant to optional or extraordinary mandatory redemption as set forth herein or purchased and cancelled pursuant to the provisions of the Indenture.
Mandatory Sinking Fund
Year	Redemption Amount

*Maturity
The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption. Such principal amounts shall be reduced as specified by the Issuer by the principal amount of any Series 2026 Bonds redeemed pursuant to optional or extraordinary mandatory redemption as set forth herein or purchased and cancelled pursuant to the provisions of the Indenture.

Year

Mandatory Sinking Fund Redemption Amount

*Maturity
The Series 2026 Bonds maturing on May 1, 20XX are subject to mandatory sinking fund redemption from the moneys on deposit in the Series 2026 Sinking Fund Account on May 1 in the years and in the mandatory sinking fund redemption amounts set forth below at a redemption price of 100% of their principal amount plus accrued interest to the date of redemption. Such principal amounts shall be reduced as specified by the Issuer by the principal amount of any Series 2026 Bonds redeemed pursuant to optional or extraordinary mandatory redemption as set forth herein or purchased and cancelled pursuant to the provisions of the Indenture.
Mandatory Sinking Fund
Year	Redemption Amount

*Maturity
Extraordinary Mandatory Redemption in Whole or in Part
The Bonds are subject to extraordinary mandatory redemption prior to maturity by the Issuer in whole or in part on any date (other than in the case of clause (i) below which extraordinary mandatory redemption in part must occur on a Quarterly Redemption Date), at an extraordinary mandatory redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus interest accrued to the redemption date.
from Series 2026 Prepayment Principal deposited into the Series 2026 Prepayment Subaccount of the Series 2026 Bond Redemption Account (taking into account the credit from the Series 2026 Reserve Account pursuant to Section 4.05 of the First Supplemental Indenture) following the Payment in whole or in part of Series 2026 Special Assessments on any

assessable lands within Assessment Area One within the District in accordance with the provisions of Section 4.05 of the First Supplemental Indenture.
from moneys, if any, on deposit in the Series 2026 Funds, Accounts and subaccounts in the Funds and Accounts (other than the Series 2026 Rebate Fund, the Series 2026 Costs of Issuance Account and the Series 2026 Acquisition and Construction Account) sufficient to pay and redeem all Outstanding Series 2026 Bonds and accrued interest thereon to the redemption date or dates in addition to all amounts owed to Persons under the Indenture.
from any funds remaining on deposit in the Series 2026 Acquisition and Construction Account not otherwise reserved to complete the 2026 Project (including any amounts transferred from the Series 2026 Reserve Account) all of which have been transferred to the Series 2026 General Redemption Subaccount of the Series 2026 Bond Redemption Account.
Except as otherwise provided in the Indenture, if less than all of the Bonds subject to redemption shall be called for redemption, the particular such Bonds or portions of such Bonds to be redeemed shall be selected randomly by the Trustee, as provided in the Indenture.
Notice of each redemption of the Bonds is required to be mailed by the Trustee by first class mail, postage prepaid, not less than thirty (30) nor more than sixty (60) days prior to the redemption date to each Registered Owner of the Bonds to be redeemed at the address of such Registered Owner recorded on the bond register maintained by the Registrar. On the date designated for redemption, notice having been given and money for the payment of the Redemption Price being held by the Trustee or the Paying Agent, all as provided in the Indenture, the Bonds or such portions thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of such Bonds or such portions thereof on such date, interest on such Bonds or such portions thereof so called for redemption shall cease to accrue, such Bonds or such portions thereof so called for redemption shall cease to be entitled to any benefit or security under the Indenture and the Owners thereof shall have no rights in respect of such Bonds or such portions thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Trustee or the Paying Agent. Further notice of redemption shall be given by the Trustee to certain registered securities depositories and information services as set forth in the Indenture, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. Notwithstanding the foregoing, the Trustee is authorized to give conditional notice of redemption as provided in the Master Indenture.
The Owner of this Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture.
Modifications or alterations of the Indenture or of any indenture supplemental thereto may be made only to the extent and in the circumstances permitted by the Indenture.
Any moneys held by the Trustee or Paying Agent in trust for the payment and discharge of any Bond which remain unclaimed for three (3) years after the date when such Bond has become

due and payable, either at its stated maturity date or by call for earlier redemption shall be paid to the Issuer, thereupon and thereafter no claimant shall have any rights against the Trustee or Paying Agent to or in respect of such moneys.
If the Issuer deposits or causes to be deposited with the Trustee funds or Defeasance Securities (as defined in the Master Indenture) sufficient to pay the principal or Redemption Price of any Series 2026 Bonds becoming due at maturity or by call for redemption in the manner set forth in the Indenture, together with the interest accrued to the due date, the lien of such Bonds as to the trust estate with respect to such Bonds shall be discharged, except for the rights of the Owners thereof with respect to the funds so deposited as provided in the Indenture.
This Bond shall have all the qualities and incidents, including negotiability, of investment securities within the meaning and for all the purposes of the Uniform Commercial Code of the State of Florida.
The Issuer shall keep books for the registration of the Series 2026 Bonds at the designated corporate trust office of the Registrar in Fort Lauderdale, Florida. Subject to the restrictions contained in the Indenture, the Series 2026 Bonds may be transferred or exchanged by the registered owner thereof in person or by his attorney duly authorized in writing only upon the books of the Issuer kept by the Registrar and only upon surrender thereof together with a written instrument of transfer satisfactory to the Registrar duly executed by the registered owner or his duly authorized attorney. In all cases in which the privilege of transferring or exchanging Bonds is exercised, the Issuer shall execute and the Trustee shall authenticate and deliver a new Bond or Bonds in authorized form and in like aggregate principal amount in accordance with the provisions of the Indenture. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Trustee, Paying Agent or the Registrar, duly executed by the Bondholder or his attorney duly authorized in writing. Transfers and exchanges shall be made without charge to the Bondholder, except that the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Bonds.
The Issuer, the Trustee, the Paying Agent and the Registrar shall deem and treat the person in whose name any Bond shall be registered upon the books kept by the Registrar as the absolute owner thereof (whether or not such Bond shall be overdue) for the purpose of receiving payment of or on account of the principal of and interest on such Bond as the same becomes due, and for all other purposes. All such payments so made to any such registered owner or upon his order shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid, and neither the Issuer, the Trustee, the Paying Agent, nor the Registrar shall be affected by any notice to the contrary.
It is hereby certified and recited that all acts, conditions and things required to exist, to happen, and to be performed, precedent to and in connection with the issuance of this Bond exist, have happened and have been performed in regular and due form and time as required by the laws and Constitution of the State of Florida applicable thereto, including particularly the Act, and that the issuance of this Bond, and of the issue of the Bonds of which this Bond is one, is in full compliance with all constitutional and statutory limitations or provisions.

IN WITNESS WHEREOF, Shores at Stillwater Community Development District has caused this Bond to be signed by the manual signature of the Chairperson or Vice Chairperson of its Board of Supervisors and its seal to be imprinted hereon, and attested by the manual signature of the Secretary of its Board of Supervisors, all as of the date hereof.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT
By:			 Chairperson/Vice Chairperson
Board of Supervisors
(SEAL)

Attest:
By:		 Secretary
Board of Supervisors

CERTIFICATE OF AUTHENTICATION
This Bond is one of the Series 2026 Bonds delivered pursuant to the within mentioned Indenture.
Date of Authentication: 	

U.S. BANK TRUST COMPANY, NATIONAL
ASSOCIATION, as Trustee

By:			 Vice President

STATEMENT OF VALIDATION
This Bond is one of a series of Bonds which were validated by judgment of the Circuit Court of the Twelfth Judicial Circuit of Florida, in and for Sarasota County, Florida, rendered on the [13th] day of April, 2026.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

(SEAL)
Attest:

By:			 Secretary
Board of Supervisors

By:		 Chairperson/Vice Chairperson
Board of Supervisors

ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM	 -	 as tenants in common TEN ENT	-	as tenants by the entireties
JT TEN	-	as joint tenants with rights of survivorship and not as tenants in common

UNIFORM TRANSFER MIN ACT	- 	 Custodian 	
(Cust)	(Minor)
Under Uniform Transfer to Minors Act	
(State)
Additional abbreviations may also be used though not in the above list.

ASSIGNMENT AND TRANSFER
FOR	VALUE	RECEIVED	the	undersigned	sells,	assigns	and	transfers	unto

(please print or typewrite name and address of assignee)

the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints

Attorney to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises.
Signature Guarantee:

	

NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company

NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever.

Please	insert	social	security	or	other identifying number of Assignee.

EXHIBIT C FORMS OF REQUISITIONS
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2026
(ASSESSMENT AREA ONE)
(Acquisition and Construction)

The undersigned, a Responsible Officer of the Shores at Stillwater Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as trustee, dated as of May 1, 2026, as supplemented by that certain First Supplemental Trust Indenture dated as of May 1, 2026 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number:
Identify Acquisition Agreement, if applicable;
Name of Payee:
Amount Payable:
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):
Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2026 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District,
each disbursement set forth above is a proper charge against the Series 2026 Acquisition and Construction Account;
each disbursement set forth above was incurred in connection with the Cost of the 2026 Project; and
each disbursement represents a Cost of the 2026 Project which has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

By:			 Responsible Officer

Date:	

CONSULTING ENGINEER’S APPROVAL FOR
NON-COST OF ISSUANCE OR NON-OPERATING COSTS REQUESTS ONLY
The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the 2026 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified.

Consulting Engineer

C-2

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2026
(ASSESSMENT AREA ONE)

(Costs of Issuance)

The undersigned, a Responsible Officer of the Shores at Stillwater Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as trustee, dated as of May 1, 2026, as supplemented by that certain First Supplemental Trust Indenture dated as of May 1, 2026 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number:

Amount Payable:

Purpose for which paid or incurred: Costs of Issuance

Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2026 Costs of Issuance Account of the Acquisition and Construction Fund

The undersigned hereby certifies that:
this requisition is for costs of issuance payable from the Series 2026 Costs of Issuance Account that have not previously been paid;
each disbursement set forth above is a proper charge against the Series 2026 Costs of Issuance Account;
each disbursement set forth above was incurred in connection with the issuance of the Series 2026 Bonds; and
each disbursement represents a cost of issuance which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

C-3

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Attached hereto are originals or copies of the invoice(s) from the vendor of the services rendered with respect to which disbursement is hereby requested.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

By:			 Responsible Officer

Date:		

C-4

EXHIBIT D

FORM OF INVESTOR LETTER

[Date]
FMSbonds, Inc.
20660 W. Dixie Highway North Miami Beach, FL 33180

Re:	$	 Shores at Stillwater Community Development District Special Assessment Bonds, Series 2026 (Assessment Area One)

Ladies and Gentlemen:
The undersigned is authorized to sign this letter [on behalf of Name of Non-Individual Investor], as the beneficial owner (the “Investor”) of $	 of the above-referenced Bonds [state maturing on May 1, 	, bearing interest at the rate of  % per annum and CUSIP #] (herein, the “Investor Bonds”).
In connection with the purchase of the Investor Bonds by the Investor, the Investor hereby makes the following representations upon which you may rely:
The Investor has authority to purchase the Investor Bonds and to execute this letter, any other instruments and documents required to be executed by the Investor in connection with the purchase of the Investor Bonds.
The Investor meets the criteria of an “accredited investor” as described in one or more of the categories derived from Rule 501(a) under Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) summarized below, and therefore, has sufficient knowledge and experience in financial and business matters, including purchase and ownership of municipal and other tax-exempt obligations including those which are not rated or credit-enhanced, to be able to evaluate the risks and merits of the investment represented by the Bonds. Please check the appropriate box below to indicate the type of accredited investor:
a bank, registered broker, dealer or investment adviser (or investment adviser exempt from registration under Section 203(l) or (m) within the meaning of the Investment Advisers Act of 1940), insurance company, registered investment company, business development company, small business investment company; or rural business investment company;
an employee benefit plan, within the meaning of the Employee Retirement Income Security Act of 1974, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the employee benefit plan has total assets in excess of $5 million;
an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, corporation, Massachusetts or similar business trust partnership, or

D-1

limited liability company, not formed for the specific purpose of acquiring the Investor Bonds with assets exceeding $5 million;
a business in which all the equity owners are “accredited investors”;
a natural person who has individual net worth, or joint net worth with the person’s spouse or spousal equivalent, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person, except that mortgage indebtedness on the primary residence shall not be included as a liability;
a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse or spousal equivalent exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year;
a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Investor Bonds whose purchase is directed by a sophisticated person;
an entity, of a type other than those set forth above, that owns investments in excess of $5,000,000 and that was not formed for the specific purpose of acquiring the Investor Bonds;
a natural person holding in good standing one or more professional certifications or designations or credentials from a designated accredited educational institution qualifying an individual for “accredited investor” status;
a “family office” with at least $5,000,000 in assets under management, that was not formed for the specific purpose of acquiring the Investor Bonds, and whose prospective investment is directed by a person capable of evaluating the merits and risks of the prospective investment; or
a “family client” of a family office described in the prior bullet point whose prospective investment is directed by that family office.
The Investor has been supplied with an (electronic) copy of the Preliminary Limited Offering Memorandum dated 	, 2026 of the Issuer and relating to the Bonds (the “Offering Document”) and has reviewed the Offering Document and represents that such Offering Document has provided full and meaningful disclosure in order to make an informed decision to invest in the Investor Bonds.

D-2

Capitalized terms used herein and not otherwise defined have the meanings given to such terms in the Indenture.
Very truly yours, [Name], [Type of Entity]
By: 	 Name: 	 Title: 	 Date: 	

Or

[Name], an Individual

D-3

This instrument prepared by and upon recording should be returned to:

Alyssa C. Willson, Esq.
Kutak Rock LLP
107 West College Avenue	This space reserved for use by
Tallahassee, Florida 32301	the Clerk of the Circuit Court

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT’S NOTICE OF SPECIAL ASSESSMENTS AND GOVERNMENT LIEN OF RECORD

PLEASE TAKE NOTICE that the Board of Supervisors of the Shores at Stillwater Community Development District ("District"), a special-purpose local government established under and pursuant to Chapter 190, Florida Statutes, enjoys a governmental lien on certain lands contained within the real property and described in Exhibit A attached hereto (the “Property”). Such lien is coequal with the lien of all state, county, district and municipal taxes, superior in dignity to all other liens, titles and claims until paid pursuant to section 170.09 of the Florida Statutes. In accordance with Chapters 170, 190 and 197, Florida Statutes, the District adopted Resolution Numbers 2026-26, 2026-27 and 2026-31 (the “Assessment Resolutions”), which provide for, levy and set forth the terms of non-ad valorem special assessments on the Property (the “Master Assessments”), which is specifically benefitted by the improvements anticipated to be financed with the proceeds of the District’s Special Assessment Bonds, or other indebtedness (collectively, the “Bonds”) for improvements described in the District’s adopted Shores at Stillwater Community Development District, Master Report of District Engineer, dated February 2026 (the “Engineer’s Report”). As provided in the Assessment Resolutions, these non-ad valorem assessments do not apply to governmental properties dedicated by plats, deeds or otherwise, including rights of way.

The non-ad valorem special assessments provided for in the Assessment Resolutions were legally and validly determined and levied in accordance with all applicable requirements of Florida law, and these non-ad valorem special assessments constitute, and will at all relevant times in the future constitute, legal, valid and binding first liens on the land against which assessed until paid, coequal with the liens of all state, county, district and municipal taxes, and superior in dignity to all other liens, titles and claims. The District may collect assessments on any of the lands described in the attached Exhibit A by any method authorized by law, which method may change from year to year.
The District is a special purpose form of local government established pursuant to and governed by Chapter 190, Florida Statutes. Pursuant to Section 190.048, Florida Statutes, you are hereby notified that: THE SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE AND LEVY TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON THIS PROPERTY. THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES AND SERVICES OF THE DISTRICT AND ARE SET ANNUALLY BY THE GOVERNING BOARD OF THE DISTRICT. THESE TAXES AND ASSESSMENTS ARE IN ADDITION TO COUNTY AND OTHER LOCAL GOVERNMENTAL TAXES AND ASSESSMENTS AND ALL OTHER TAXES
AND ASSESSMENTS PROVIDED FOR BY LAW. The District’s lien secures the payment of special assessments levied in accordance with Florida Statutes, which special assessments in turn secure the payment of the Bonds. Copies of the Engineer’s Report and Resolutions may be obtained by contacting the District at:

SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT SPECIAL DISTRICT SERVICES, INC.
2501A BURNS ROAD
PALM BEACH GARDENS, FLORIDA 33410 PH: 561-630-4922
THE LIEN FOR THE SPECIAL ASSESSMENTS IS STATUTORY AND NO FILING IS NECESSARY IN ORDER TO PERFECT OR PROVIDE RECORD NOTICE THEREOF. THIS NOTICE IS FOR INFORMATION PURPOSES. IN ADDITION TO THE MINUTES, RECORDS AND OTHER MATERIALS OF THE DISTRICT AVAILABLE FROM THE DISTRICT, THIS ALSO CONSTITUTES A LIEN OF RECORD FOR PURPOSES OF SECTION 197.573 OF THE FLORIDA STATUTES AND ALL OTHER APPLICABLE PROVISIONS OF THE FLORIDA STATUTES AND ANY OTHER APPLICABLE LAW.

[Signatures on next page]

IN WITNESS WHEREOF, this Notice has been executed to be effective as of the 20th day of April, 2026, and recorded in the Official Records of Sarasota County, Florida.
SHORES AT STILLWATER COMMUNITY DEVELOPMENT DISTRICT

Witness

Print Name
Address Street

By: 	 Chair/Vice-Chair, Board of Supervisors

City, State, Zip

Witness

Print Name Address

Street

City, State, Zip

STATE OF FLORIDA
COUNTY OF 	
The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization, this     day of April, 2026, by 	, as Chair/Vice-Chair of the Board of Supervisors of the Shores at Stillwater Community Development District, who is personally known to me or has produced 		 as identification.

NOTARY STAMP
(official notary signature)

Printed Name: 	

Exhibit A Property Description
DESCRIPTION: A parcel of land lying in the Southeast 1/4 of Section 32, Township 40 South, Range 20 East, Sarasota County, Florida, and being more particularly described as follows:

COMMENCE at the Southeast corner of said Section 32, run thence along the East boundary of the Southeast 1/4 thereof, N.03°15'33"E., a distance of 1490.57 feet to the POINT OF BEGINNING; thence N.86°44'27"W., a distance of 14.00 feet; thence S.03°15'33"W., a distance of 283.56 feet; thence N.89°25'32"W., a distance of 967.40 feet; thence Southwesterly, 86.20 feet along the arc of a non-tangent curve to the right having a radius of 159.00 feet and a central angle of 31°03'43" (chord bearing S.54°36'53"W., 85.15 feet) to a point on the North boundary of the Lands described in Official Records Instrument 2003020017, also being the Easterly extension of the South Right-of-way of Medical Boulevard according to Official Records Book 1822, page 2649 of the Public Records of Sarasota County, Florida; thence along said Easterly extension of the South Right-of-way, N.89°25'32"W., a distance of 112.51 feet to the Southeast corner of aforesaid Medical Boulevard, also being the Southerly extension of the East boundary of Englewood Medical Center, according to the plat thereof, recorded in Plat Book 35, page 20 of the Public Records of Sarasota County, Florida; thence along said East boundary, N.02°52'11"E., a distance of 1756.62 feet to a point on the South Right-of-way of Morningside Drive per WELLINGTON ACRES, according to the plat thereof, recorded in Plat Book 20, page 1 of the Public Records of Sarasota County, Florida; thence along said South Right-of-way, S.89°35'07"E., a distance of 1172.61 feet to a point on East boundary of the Southeast 1/4 of aforesaid Section 32; thence along said East boundary, S.03°15'33"W., a distance of 1427.46 feet to the POINT OF BEGINNING.
Containing 45.789 acres, more or less.

AND

DESCRIPTION: A parcel of land lying in Section 32, Township 40 South, Range 20 East, Sarasota County, Florida, and being more particularly described as follows:
BEGIN at the South 1/4 corner of said Section 32, also being the Southeast corner of STILLWATER, UNIT TWO, according to the Plat thereof, recorded in Plat Book 45, Pages 12 through 12C of the Public Records of Sarasota County, Florida, run thence along the East boundary of said STILLWATER, UNIT TWO, N.02°28'24"E., a distance of 1149.23 feet thence continue along said East boundary, N.02°28'24"E., a distance of 654.19 feet to a point on the South Right-of-Way of MEDICAL BOULEVARD, according to Official Records Book 1822, Page 2649 of the Public Records of said County; thence along said South Right-of-Way, S.89°25'32"E., a distance of 1269.29 feet; thence S.00°31'25"W., a distance of 1152.40 feet to a point on the South boundary of said Section 32; thence along said South boundary, N.89°15'33"W., a distance of 1308.40 to the POINT OF BEGINNING.

Containing 34.041 acres, more or less.