CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

SARASOTA COUNTY

Regular Board Meeting & Public Hearing September 30, 2024
2:00 P.M.

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

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

AGENDA CENTRAL PARC
COMMUNITY DEVELOPMENT DISTRICT
19503 S. West Villages Parkway Meeting Room across from Suite A14 Venice, Florida 34293
REGULAR BOARD MEETING & PUBLIC HEARING
September 30, 2024
2:00 P.M.
Call to Order
Proof of Publication…	Page 1
Consider Resignation and Appointment to Board Vacancy…	Page 2
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public
Approval of Minutes
May 21 2024 Regular Board Meeting Minutes…	Page 3
Old Business
New Business
Consider Ratification of Acceptance of Special Warranty Deed…	Page 8
Consider Ratification of Acceptance of Bill of Sale…	Page 12
Consider Ratification of Temporary Construction License…	Page 19
Consider Ratification of Construction Requisitions #1…	Page 25
Consider Approval of Agreement for Stormwater Management Service…	Page 29
Disclosure of Public Financing and Maintenance of Improvements…	Page 66
Consider Approval of Public Facilities Report…	Page 79
Consider Resolution No. 2024-04 – Resetting Public Hearing Date to Adopt Fiscal Year
2024/2025 Final Budget	Page 87
Consider Approval of Fiscal Year 2024/2025 Budget Funding Agreement…	Page 88
Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2024/2025 Meeting Schedule.	Page 100
Consider Resolution No. 2024-06 – Adopting Goals and Objectives…	Page 102
Consider Resolution No. 2024-07 – Ratifying Sale of Series 2024 Bonds…	Page 105
Public Hearing
Proof of Publication…	Page 107
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-08 – Adopting a Fiscal Year 2024/2025 Final Budget…	Page 108
Administrative Matters
Staff Reports
District Manager
District Counsel
District Engineer
Comments from the Public for Items Not on the Agenda
Board Members Comments
Adjourn

Publication Date 2024-09-13

Subcategory Miscellaneous Notices

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2024/2025 BUDGET(S); AND NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Central Parc Community Development District (District) will hold a public hearing on September 30, 2024, at 2:00 p.m. at the offices of Special District Services, Inc. located at 19503 S. West Villages Parkway, #13, Venice, Florida 34293, in the Meeting Room across from Suite A14, for the purpose of hearing comments and objections on the adoption of the proposed budget(s) (Proposed Budget) of the District for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (Fiscal Year 2024/2025). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, c/o Special District Services, Inc., 2501A Burns Road,
Palm Beach Gardens, Florida 33410, (561) 630-4922 (District Managers Office), during normal business hours, or by visiting the Districts website at www.centralparccdd.org.
The public hearing and meeting are open to the public and will be conducted in accordance with the
provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be
specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)
/ 1-800-955-8770 (Voice), for aid 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 public hearing or meeting is advised that person will need a record of 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.
William Crosley District Manager
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT
www.centralparccdd.org Pub: SEptember 13, 20, 2024
#10557357

Page 1

William Crosley

From: Sent: To: Subject·

Mark Gerenger < MarkGerenger@gnpdev.com > Thursday, June 27, 2024 6:20 PM
William Crosley
RE: Updated Central Pare Budget

William,

Hope you are doing well. I have enjoyed working with you over the last several years and have leaned a tremendous amount on this path for the COD.

With that said, this email will serve as my resignation from the board.

Thx.

Mark Gerenger

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 21, 2024

CALL TO ORDER

The Regular Board Meeting of the Central Parc Community Development District (the “District”) was called to order at 2:00 p.m. in the Meeting Room across from Suite A14 in the offices located at 19503
S. West Villages Parkway, #A4, Venice, Florida 34293.

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 May 10, 2024, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors in attendance:

Chair	Kim Fields	Present	
Vice Chair	Matthew Mootz	Absent	
Supervisor	Mark Gerenger	Absent	
Supervisor	Sean Landers	Present	
Supervisor	Kelly Levin	Present	

Staff in attendance were:

William Crosley	District Manager	Special District Services, Inc.	
Mike Eckert	District Counsel	Kutak Rock LLP	
Peter Van Buskirk (via phone)	District Engineer	Kimley-Horn	

Also present were the following:

Sarah Zare - MBS Capital (via phone) Misty Taylor – Bond Counsel

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.
COMMENTS FROM THE PUBLIC

There were no comments from the public.

APPROVAL OF MINUTES
1. April 4, 2024, Special Board Meeting

A motion was made by Mr. Landers, seconded by Ms. Fields and passed unanimously approving the minutes of the April 4, 2024, Special Board Meeting, as presented.

OLD BUSINESS

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

NEW BUSINESS
Consider Ratification of FPL Street Lighting Agreements

This agreement is for Phase II street lighting of 137 poles and fixtures. The annual cost for these poles currently is $62,108.40. Any increases must be approved by the Florida Public Service Commission (FPSC) or any successive lighting rate schedule approved by the FPSC.

A motion was made by Mr. Landers, seconded by Ms. Fields and passed unanimously ratifying the FPL Street Lighting Agreements, as presented.

Review Terms of Bond Sale Including Approval of Costs of Issuance

Ms. Zare provided an overview of the bond terms and stated that there was a very successful pricing on May 14, 2024, in the amount $9,620,000 of bonds in the market at a blended bond yield of just about 5.87%. Overall, it was a very successful pricing yielding about $8.2 Million in construction proceeds. Ms. Zare stated that she was looking forward to a successful closing on Friday, May 24, 2024, and appreciated the opportunity to work with the District. There were no questions from the Board.
Consider Resolution No. 2024-02 – Supplemental Assessment (Series 2024 Bonds)

Resolution No. 2024-02 was presented by Mr. Eckert, entitled:

RESOLUTION 2024-02

A RESOLUTION MAKING CERTAIN FINDINGS; APPROVING THE ENGINEER’S REPORT AND SUPPLEMENTAL ASSESSMENT REPORT; SETTING FORTH THE TERMS OF THE SERIES 2024 BONDS; CONFIRMING THE MAXIMUM ASSESSMENT LIEN SECURING THE SERIES 2024 BONDS; LEVYING AND ALLOCATING ASSESSMENTS SECURING SERIES 2024 BONDS; ADDRESSING COLLECTION OF THE SAME; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR A SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SPECIAL ASSESSMENTS; AND PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE.

It was noted that this resolution sets forth the terms of bonds to actually be issued by the District and apply the adopted special assessment methodology to the actual scope of the project to be completed with the series of bonds and the terms of the bond issuance. It also approves the Engineer’s Report and supplemental assessment reports and provides how the Series 2024 Bonds shall be levied and allocated in accordance with the Supplemental Assessment Report.

A motion was made by Mr. Landers, seconded by Ms. Fields and passed unanimously adopting Resolution No. 2024-02, as presented.

Consider Acquisition Agreement between Sabal Trace Development Partners, LLC and the District

The developer has or will construct public improvements in accordance with the engineer’s plan of improvements that the District will eventually own, operate and maintain. This agreement between the District and Sabal Trace Development Partners LLC provides for acquisition of certain work product, improvements and real property, and provides the process that is followed for acquisition by the District. The proceeds of the Series 2024 Bonds will be used to acquire portions of the Project that benefit both the Residential Lands and the Mixed-Use Lands (“Joint Improvements”). However, only the percentage of the value of the Joint Improvements allocated to the benefit of the Residential Lands under the Engineer’s Report will be funded by the Series 2024 Bonds. The percentage of the value of the Joint Improvements allocated to the benefit of the Mixed-Use Lands are anticipated to be funded by the Future Bonds to the extent the District actually issues Future Bonds.

A motion was made by Mr. Landers, seconded by Ms. Fields and passed unanimously approving the Acquisition Agreement between Sabal Trace Development Partners, LLC and the District, as presented.

Consider Resolution No. 2024-03 – Adopting a Fiscal Year 2024/2025 Proposed Budget
Resolution No. 2024-03 was presented, entitled:
RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET(S) PURSUANT TO CHAPTERS 170 AND 190, FLORIDA STATUTES; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

Mr. Crosley went over the proposed budget for the fiscal year beginning October 1, 2024, and ending September 30, 2025. This proposed budget sets the maximum assessments allowable for the next budget year. The total Operations and Maintenance expenses are $582,084. The total debt assessment is
$727,500 with total revenue of $1,346,723. This resolution also sets the public hearing to consider the final budget for August 20, 2024, at 2:00 p.m. in the offices of Special District Services located at 19503 S West Villages Parkway Venice, Florida 34293 in the meeting room across from Suite #A14.

A motion was made by Mr. Landers, seconded by Ms. Levin and passed unanimously adopting Resolution No. 2024-03, as presented, setting the Public Hearing for August 20, 2024, at 2:00 p.m. in the offices of Special District Services located at 19503 S West Villages Parkway Venice, Florida 34293 in the meeting room across from Suite #A14.
ADMINISTRATIVE MATTERS

There were no Administrative Matters to come before the Board.

STAFF REPORTS
District Manager

Mr. Crosley noted that the next meeting was scheduled for June 18, 2024, if necessary. Mr. Crosley also advised that the final budget public hearing was scheduled for August 20, 2024, at 2:00 p.m.

District Counsel

Mr. Eckert reported that his firm was working with the developer to get all the costs together for Phase I, as well as other costs in the community that have been spent to date to determine what is eligible for bond financing. It is anticipated that the total amount of the first requisition that the Board would consider will be more than the amount of the of the bond proceeds of the approximately $8,200,000 that will be available. Items that could be included in the first requisition are hard costs for construction items such as roadways, sewer, water, stormwater management systems, etc. To finalize the review, the developer will provide a bill of sale and deeds for the lands needed to be conveyed so a requisition can then be sent to the bond trustee and the bond trustee would then distribute the funds to the developer under the acquisition agreement.

A motion was made by Mr. Landers, seconded by Ms. Levine authorizing the District Engineer and the District Chair to submit a requisition that does not exceed the amount that is available from the bond funds, and also approve the acquisition of the infrastructure that is contained in the engineer’s report that has been completed and is useful for its intended purpose. That motion carried unanimously.

Mr. Eckert also reported that the Governor had just signed a bill that provides that all special districts establish goals and objectives and report them each year. The District will establish performance measures to see if the goals and objectives are being met. Each year, the District will provide a report at the end of the year (by October 1) saying whether the District’s goals and objectives have been met. The final report will be provided to the Board for review.
District Engineer

Mr. Van Buskirk reported that he was working on reviewing some of the items for the forthcoming bond requisition in addition to a public facilities report and anticipated having a draft report to the Board within the next few weeks. The draft report could then be formally approved by the Board at a future meeting before being submitted to Sarasota County, as required.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Landers, seconded by Ms. Levin and passed unanimously adjourning the meeting at 2:45 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RECORDED IN OFFICIAL RECORDS INSTRUMENT# 2024093383	4	PG(S)
718/202410:26AM KAREN E. RUSHING
CLERK OF THE CIRCUIT COURT SAR.ASOTA COUNTY, FLORIDA
SIMPLIFILE	Receipt ft 3206092

THIS DEED IS BEING RE-RECORDED TO INCLUDE	fa ifESe,j.O THESECOND WIIJ'NESS TO GRANTOR, DANNIELLE SHUMANSKI.

Consideration: $10.00 Oucumcniary SInmp5: .70
l'reva1•ed bya11d ujier recording 1·e11111, '"·
Stephanie M. Cua. Esq.
MJ\l-1O f.  l,AWGKO 'P.P.A.
2140 Belleair Road, uite 2 lO Clcarwat ·r, l'lorida 33764
Parcel Jderuificalion Null'lbcr: 0994101()()(1
SPECIAL WARRANTY DEED
(Central Pare Phase 1)
THIS SPECIAL WARRANTY DEED (·'Deed") is made this 1:,Kday of	M i
2024, by SABAL TRACE DEVELOPMENT PARTNER , LLC, a Florida limited liability compan_
(''Crantor"), whose address is 550 SE 5th Avenue, Apt. 304S, Boca Raton, Florida 33432. in favor of CE TRAL PAR COMM NTTY DEVELOPMENT DI TRJCT. a local tmit of special purpose government organized and existing under Chapter 'l 90, Plorida Statutes ("Grantee"), whose address is c/o
pecial District Services, Inc., 19503 S. West Villages Parkway, #A3, Venice, Florida 34293.
W1TNE SETH, that Grantor, for and in consideration of the sum of Ten and 00/ I00 Dollars($ I 0. 0), and other valuable consideration, lawfulmoney of the United tates of America, to it in hand paid by Grantee. the receipt whereof is hcrnby acknowledged, has granted, bargained, sold and conveyed to Grantee, its uccessors and assigns forever, all of the following described land in ata ota County. Florida (""Property"):

ee Exhibit A attached hereto and incorporate herein by this reference.
T< HAVE AND TO HOLD the Property, together with the tenements hereditaments and appu1tcnances thereunto appertaining, including, wfthout limitation such public utility casements. private acces casements, private drainage easements, lake maintenance and access easements, irrigation ea ements and landscape buffer easements dedicated and set apart to the District on the Plat (as defined on Exhibit A of this Deed). unto Grantee, its successors and assigns, in fee simple forever, for the purposes set forth on the Plat. By acceptance her of, Grantee acknowledges its responsibility for maintenance and operation of the Property.

This conveyance i made subject to: (a) taxes for the year 2024 a1Jd subsequent years: (b) governmental requirements and re trictions lincluding, without lirnitation, zoning and land use ordinances);
(c) all easements, covenants, conditions, restrictions, reservations and other maners of record, including. without limitation, the Plat.

TIDS IS A CONVEYANCE OF PROPERTY TO THE COMMUNITY DEVELOPME T DISTRICT. NO CONSIDERATION HAS BEEN DELIVERED FOR THIS TRANSFER, AND ONLY MINIMUM DOCUMENTARY STAMP TAXES ARE DU'.E.
Subject to the matters noted in this Deed. Grnntor does hereby warrant title Lo the Prop ny. and will defend the same against the lawful claims of all persons claiming by. through or under Grantor, b1.1t again 1 none other.
{Signatures Begin on Following PageJ

[Grantor's Signature Page to Special Warranty Deed}

I	WITNES  WHEREOF, Grantor bas executed this Deed as of the date first abo e written.

igned, sealed and deli ered in the presence of:

GRA TOR:

Print  ame: () \ [QI<  Etb.t..

ddre  •

-

,4-

SABALTRACEDEVELOPMENT
.PART NERS, LLC.
a Florida limited liability ompany

8mot

STATE OF FLORIDA OUNTYOF  Po.ly.
The foregoing instrument was acknowledged before me by means of hysical presence orLl
on line notarization, this day of  Mc;\	_ 2024, by Kim B. Fields, as Authorized Member of Field -Realty, LL . a Florida Limited liability company, as Manager of SABAL TRACE DE ELOPME T PARTNERS, LLC, a Florida limited liability company, on behalf of said company, who
LU'.l is personally known to me or LJ produced 	 asidentification.

NOTARY PUBLIC

n	h-e...

Print or Stamp  ame:	I role	i?I 
My Commission Expires:	M,aCl,h  ., ... UJl.l

NOTARY SEAL:

NICOLEE18E
MY COMMISSION# HH 359626
EXPIRES:Maldl4,202'1

[Signatures Continued on Following Page}

2

[Grantee's Signa1ure Page to Special Wt1rmnty Deed}

ACCEPTED BY GRANTEE:

Signed, sealed and delivered
in the presence of:

Printame: CA:W1:1 ec/r!7t?J

Address: , 2- "1 :.'."!C :s. Ac	5 (?a,qo
t?r,r:z:r('l! 2ID1[f;c1 /Ft..  l:il VJ/

CENTRAL PARC COMMTJ ITY
DEVELOPMENT DISTRICT, a local unit of pecial purpose government. organized and existing under hapter 190 Florida Statutes

By:
Print Narn:MillMoo
Title: Vic -Chairperson, Board of Supervisors

STATE OF FLORIDA
COUNTY OF	SA/.?,:1SOtA-
Tbe foregoing instrument was acknowledged before me by means of b!1physical presence or[_) online notarization, this ZB"" day of  M 	, 2024, by Matt Mootz, as Vice-Chairperson oftbe Boan! of Supervisors of Central Pare CommuniDevelopment Di trict, a local unit of speci l c_urpose govemmen
organized and existingunder Chapter 190, Floridn Statute on behalf of said entity, who l6) is personally known to 1Re er LJ prn vided	as id eotifioatio:tJ.

Print or Stamp  ame:  F,e.A,,/< ::f"$trph rt!:}e/ct)
My Comll.J.ission Expires:	.:J /z.'// 1oZ-£
NOTARY SEAL:

.\ Hotary Pubhc - ltate o ortd•
'Mi	Comm,1\ton I HH 10 )45
./  My Comm. E,plres II.!/ 241 1025
"eo,,d•d throu h Na!lon•l "•t•ry MS!l,

3

Exhibit A

Propertv

Tracts 100, 506 througb 511, inclusive, 601 602. 603 610. 6L, 613 and 615 through 624. inclu ive, CENTRAL PARC PH.A E l. according to the plat Lhereof as rec rded in Plat Book 58. Pages 50 through 68. inclusive, ofthe Public Records of Sarasota County. Florida (the ·'Plat'),

4

BILL OF SALE
(Central Pare Phase 1 and Off-Site Improvements)

KNOW  ALL  MEN  BY  THESE  PRESENTS,  that  SABAL  TRACE  DEVELOPMENT
PARTNERS, LLC, a Florida limited liability company, whose address for purposes hereof is 550 SE 5th Avenue, Apt. 304S, Boca Raton, Florida 33432 ("Grantor"), for and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, to it paid by CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government organized and existing under Chapter 190, Florida Statutes ("District"), whose address is c/o Special District Services, Inc., 19503 S. West Villages Parkway, #A3, Venice, Florida 34293, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, and deliver unto the District, its successors and assigns, the following described property, assets and rights (collectively, the "Personal Property"), to-wit:

See Exhibit A attached hereto and incorporated herein by this reference.

TO HAVE AND TO HOLD all of the Personal Property unto the District, its successors and assigns, for the District's own use forever, free and clear and discharged of and from any and all obligations, claims or liens to the extent arising under or through Grantor.

AND the Grantor does hereby represent and warrant to the District, its successors and assigns, that
(a) Grantor has not previously conveyed the Personal Property to any other party; (b) all contractors and subcontractors furnishing services or materials relative to the Personal Property, pursuant to contracts with Grantor, have been paid in full, and (c) Grantor has no actual knowledge (without duty of investigation) of any defects in the Personal Property. Subject only to the express representations and warranties set forth above, the Personal Property is conveyed by Grantor to the District, and the District hereby accepts the Personal Property, in its "as-is" condition.

[Signatures Begin on Following Page]

[Grantor's Signature Page to Bill of SaleJ

J\1a	,

IN WITNESS WHEREOF, Grantor has caused this instrument to be delivered in its name this day of	2024.

Signed, sealed and delivered in the presence of:

GRANTOR:

SABAL TRACE DEVELOPMENT PARTNERS, LLC,
a Florida limited liability company

By: Fields-Realty, LLC

UY

a Florida limited liability company,

iIBM	
By:

i6mB.iclds, Authorized Member

STATE OF FLORIDA COUNTY OF Qq\ M,	
The foregoing instrument was acknowledged before me by means ofhysical presence or [_] online notarization, this ?-.3 day of  MCA'(	, 2024, by Kim B. Fields, as Authorized Member of Fields-Realty, LLC, a Florida limited liability company, as Manager of SABAL TRACE DEYELOPMENT PARTNERS, LLC, a Florida limited liability company, on behalf of said company, who [:lLI is personally known to me or LJ produced 		 as identification.

NOTARY PUBLIC
Print or Stamp Name: {) \.(c)\.e	f?\Pf=-

NICOLEEIBE
MYCOMMISSION# HH359625 EXPIRES: March-4, 2027

My Commission Expires:	,AA[,.( rr:.ki Lt	7.-d7-7
NOTARY SEAL:

[Signatures Continue on Following Page]

[District's Signature Page to Bill of Sale]

DISTRICT:

Signed, sealed and delivered in the presence of:

CENTRAL PARC COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special purpose government, organized and existing under Chapter 190, Florida Statutes

By:
Print	am .	att M otz
Title::: a:er:;:	of::=sors

Print Name:  &TI:h:€JcJd'f ,;;,J

STATE OF FLORIDA
COUNTY OF  S A'l A S,f)·f'A
The foregoing instrument was acknowledged before me by means of rl! physical presence or [_] online notarization, this tB1f.l day of	 rn	, 2024, by Matt Mootz, as Vice-Chairperson of the Board of
Supervisors of Central Pare South Co;  unity Development District, a local unit of special purpose government, organized and existing under Chapter 190, Florida Statutes, on behalf of said entity, who GO is personally known to me or bJ produced.	as idetttification. ••
';;t;;;;;Jiz•-·,;r:-V-L
Print or Stamp Name: rR"1,vK .:To.slii'pl-l 'Fe I! tJ
My Commission Expires: 	/   '// S-

NOTARY SEAL:

\gljJ	Commission ii HH 1053<45

ff ) Notary Public • State of Fleritli

..:	.,	FRANK JOSEPH FE"KO

·····•!!:.e>::	My Comm. Expires Mir 2-4, 2025
Bonded through National Notary Assn.

Exhibit A

Personal Property

All of Grantor's right, title and interest in and to all fixtures and improvements owned by Grantor (herein, the "Fixtures and Improvements") associated with the District's capital improvements plan (a) on, under or within the below-described described real property in Sarasota County, Florida, and (b) described on Exhibit B attached to this Bill of Sale, all together with all of Grantor's right, title, interest and benefit in, to, and under, the following plans, reports and documents relating to the Fixtures and Improvements or the operation of the Fixtures and Improvements: (i) all plans, designs, construction and development drawings, engineering and soil reports and studies, surveys, testing, permits, approvals; and (ii) all third party guaranties, affidavits, warranties, bonds, claims, lien waivers, indemnifications, and agreements given with respect to the construction, installation or composition of the Fixtures and Improvements:

REAL PROPERTY

Tracts 100, 506 through 511, inclusive, 601, 602, 603, 610, 612, 613 and 615 through 624, inclusive, CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida (the "Plat"), together with the appurtenances thereto, including, without limitation such public utility easements, private access easements, private drainage easements, lake maintenance and access easements, irrigation easements and landscape buffer easements dedicated and set apart to the District on the Plat, subject to all easements, covenants, conditions, restrictions, reservations and other matters of record, including, without limitation, the Plat.

Exhibit B

Description of Offsite & Phase 1 Improvements

Earthwork - All earthwork, including blasting, excavation, stockpiling, compacting, and erosion control related to stormwater management, utilities, and roadways, located within or upon Tract 100 (Road Right­ of-Way), Tracts 506 through 511 (Stormwater/Lake Management), and Tracts 601,602,603,610,612,613, and 615 through 624 (Open Space, Common Area, and Stormwater), each as identified in the plat known as CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.
Stormwater Management - All drainage and surface water management systems, including, but not limited to, sod, surface water control structures, and pipes, located within or upon Tracts 506 through 511 (Stormwater/Lake Management), and the "Private Drainage Easements," "Private Access Easements," "Irrigation Easements," and all "Lake Maintenance and Access Easements," Tracts 601, 602, 603, 610, 612, 613, and 615 through 624 (Open Space, Common Area, and Stormwater), and the "Private Drainage Easements," "Private Access Easements," "Irrigation Easements," "Landscape Buffer Easements," "Lake Maintenance and Access Easements," and all "Public Utility Easements," each as identified in the plat known as CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.
Utilities - All wastewater lines, potable water lines, and reclaimed water lines, including, but not limited to, all pipes, structures, fittings, valves, services, tees, laterals to the point of connection, manholes, facilities, lift stations, equipment and appurtenances thereto, located within or upon the rights-of-way designated as Tract 100 (Road Right-of-Way), Tracts 601, 602, 603, 610, 612, 613, and 615 through 624 (Open Space, Common Area, and Stormwater), and the "Private Drainage Easements," "Private Access Easements," "Irrigation Easements," "Landscape Buffer Easements," "Lake Maintenance and Access Easements," and all "Public Utility Easements," each as identified in the plat known as CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.

Roadways - All public roads, pavement, curbing, and other physical improvements, located within or upon the rights-of-way designated as Tract 100 (Road Right-of-Way), and the "Private Drainage Easements," "Private Access Easements," "Irrigation Easements," "Public Utility Easements," and all "Rights of Way," each as identified in the plat known as CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.

Offsite Stormwater Management - All drainage and surface water management systems, including, but not limited to, sod, surface water control structures, and pipes, installed by the Developer and located within, upon, adjacent to or in the vicinity of Greenwood Avenue, and as further identified in the District's Engineer's Report, dated March 20, 2020 ("Master Engineer's Report").

Hardscape/Landscape/lrrigation - All landscape, including, but not limited to, plants, trees, timber, shrubbery, and other landscaping and plantings; all hardscaping components, including, but not limited to, two monument entryway signs and four decorative columns on Greenwood Avenue, six decorative columns located on Tuscola Boulevard, and a clocktower installed at the center of the roundabout at the end of Tuscola Boulevard; and irrigation systems, including, but not limited to, wells, pumps, pipes, structures, fittings, valves, spray heads, and related system components, all located on portions of the real property known as Tract 100 (Road Right-of-Way), Tracts 506 through 511 (Stormwater/Lake Management), and Tracts 601,602,603,610,612,613 and 615 through 624 (Open Space, Common Area, and Stormwater), each as identified in the plat known as CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.

Professional Services - These include (i) engineering, surveying, and architectural fees, (ii) permitting and plan

review costs, (iii) development/construction management services fees that are required for the design, permitting, construction, and acceptance of the public improvements and community facilities, and associated legal fees and costs.
Environmental Conservation and Mitigation - This includes required wetland mitigation and the design, permitting, and construction of environmental mitigation structures.

Work Product - Any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the public improvements for the project as described in the Master Engineer's Report, as supplemented by the Supplement to Engineer's Report, dated April 28, 2020 ("First Supplement"), the Second Supplement to Engineer's Report, dated May 31, 2023 ("Second Supplement"), and the Third Supplement to Engineer's Report, dated March 20, 2024 ("Third Supplement").

Total for all of the foregoing:

Improvement	Total Acquisition Price	Percent Allocable to
Mixed Use Lands	Acquisition Price Allocable to Mixed Use Lands	Acquisition Price Allocable to Residential Lands	
Earthwork	$1,238,580	14.24%	$  176,374	$1,062,206	
Stormwater Management	$5,647,035	22.56%	$1,273,971	$4,373,064	
Potable Water	$  294,218	7.03%	$	20,684	$ 273,534	
Sanitary Sewer	$1,618 779	11.28%	$  182 598	$1,436.181	
Road Construction	$1,167,642	11.92%	$  139,182	$1,028,460	
Offsite Master Improvements	$ 275,467	46.35%	$  127,679	$  147,788	
Hardscape /
Landscape/ Irrigation	$929,237	4.28%	$	39,771	$889,466	
Environmental / Conservation I
Mitigation	$2,534,534	22.56%	$  571,791	$1,962,743	
Professional Services	$1,592,166	22.56%	$  359,193	$1,232,973	
TOTAL:	$15,297,658	NIA	$2,891,243	$12,406,415	

Minus Amount for Contribution of Infrastructure Required
by First Supplemental Special Assessment Methodology Report (Series 2024 Bonds) prepared by Special District Services, Inc. dated May 15, 2024

Minus brownfield, ET reimbursements, private lot fill deductions

($340,727) ($742,790)
$11,322,898

SUMMARY

TOTAL ACQUISITION PRICE ALLOCABLE TO MIXED USE LANDS (DEFERRED AND CONTINGENT ON ISSUANCE OF FUTURE BONDS)

TOTAL ACQUISITION PRICE ALLOCABLE TO RESIDENTIAL LANDS (PAYABLE FROM SERIES 2024 BONDS UP TO THE AMOUNT
OF THE SERIES 2024 CONSTRUCTION FUND PROCEEDS)

$2,891,243

$11,322,898

TEMPORARY CONSTRUCTION LICENSE AGREEMENT [CENTRAL PARC PHASE 1]

M	,

THIS TEMPORARY CONSTRUCTION LICENSE AGREEMENT ("Agreement")
is	made	this	day	of			2024	by	CENTRAL	PARC
COMMUNITY DEVELOPMENT DS CT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Special District Services, Inc., 19503 S. West Villages Parkway, #A3, Venice, Florida 34293 ("District"), and SABAL TRACE DEVELOPMENT PARTNERS, LLC, a Florida limited liability company, whose address for purposes hereof is 550 SE 5th Avenue, Apt. 304S, Boca Raton, Florida 33432 ("Developer," and together with District, the "Parties," and each a "Party").

WITNESSETH:

WHEREAS, the District was established pursuant to Chapter 190, Florida Statutes, as amended ("Act"), and is validly existing under the Constitution and laws of the State of Florida; and
WHEREAS, the Act authorizes the District to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain certain systems, facilities, and basic infrastructure and other infrastructure improvements within or without the boundaries of the District; and

WHEREAS, the District presently owns the land described in Exhibit A ("License Area"); and

WHEREAS, the Developer desires to perform further development activity within the License Area ("Work"); and

WHEREAS, given that the District has no objections, the Developer desires to effect the
Work.

NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

Recitals. The foregoing recitals are true and correct and, together with the Exhibit, by this reference are incorporated as a material part of this Agreement.

Construction License. The District hereby grants to Developer a license over, upon, under, through, and across the License Area for ingress and egress for the Work ("License"). Developer shall use all due care to protect the License Area and adjoining property from damage resulting from Developer's use of the License Area.
Damage. In the event that Developer, its respective employees, agents, assignees, contractors (or their subcontractors, employees or materialmen), or representatives cause damage

to the License Area or to adjacent property or improvements in the exercise of the license rights granted herein, Developer, at Developer's sole cost and expense, agrees to promptly commence and diligently pursue the restoration of the same and the improvements so damaged to, as nearly as practical, the original condition.
Default. A default by the District or Developer under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief, and specific performance.
Enforcement of Agreement. In the event that the District or Developer seeks to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.
Notices. Any notice, demand, consent, authorization, request, approval, or other communication that any party is required, or may desire, to give to or make upon the other party pursuant to this Agreement shall be effective and valid only if in writing and delivered personally to the other Parties or sent by express 24-hour guaranteed courier or delivery service or by certified mail of the United States Postal Service, postage prepaid and return receipt requested, addressed to the other party at the addresses first listed above (or to such other place as any party may by notice to the others specify). Notice shall be deemed given when received, except that if delivery is not accepted, notice shall be deemed given on the date of such non­ acceptance. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving notice would otherwise expire on a non-business day, the notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel(s) for Developer may deliver Notice on behalf of the District and Developer, respectively.
Third Parties. This Agreement is solely for the benefit of the District and Developer, and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person, corporation, or entity other than the District and Developer any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from interference by a third party.
Assignment. Neither of the Parties hereto may assign, transfer, or license all or any portion of its rights under this Agreement without the prior written consent of the other Party. Any purported assignment, transfer, or license by one of the Parties absent the written consent of the other Party shall be void and unenforceable.
Controlling Law and Venue. This Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties agree and consent to

venue in Sarasota County, Florida, for the resolution of any dispute, whether brought in or out of court, arising out of this Agreement.
Limitation on Liability. Nothing herein shall be construed as a waiver of District's limitations on liability provided in Section 768.28, Florida Statutes.
Public Records. All documents of any kind provided in connection with this Agreement are public records and are treated as such in accordance with Florida law.
Severability. The invalidity or unenforceability of any one or more provisions or part of a provision of this Agreement shall not affect the validity or enforceability of the remaining provisions of this Agreement or any part of this Agreement not held to be invalid or unenforceable.
Binding Effect. This Agreement and all of the prov1s10ns, representations, covenants, and conditions contained herein shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns, transferees, and/or licensees.
Authorization. By execution below, the undersigned represent that they have been duly authorized by the appropriate body or official of their respective entity to execute this Agreement, that the respective Parties have complied with all the requirements of law, and they have full power and authority to comply with the terms and provisions of this instrument.
Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and Developer.
Entire Agreement. This instrument shall constitute the final and complete expression of the agreement between the Parties relating to the subject matter of this Agreement.
Effective Date. The effective date of this Agreement shall be the date first written above. The License shall automatically terminate as it relates to any portion of the License Area upon the conclusion of the Work.
Counterparts. This Agreement may be executed in counterparts, each of which when taken together shall constitute one and the same agreement. Electronic signatures (such as DocuSign), .pdf signatures and copies of signatures, shall have the same effect as an original.
[SIGNATURES ON FOLLOWING PAGES]

IN WITNESS WHEREOF, District and Developer caused this Agreement to be executed, to be effective as of the day and year first written above.

DISTRICT:
CENTRAL PARC COMMUNITY

gL

DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes

Title: Vice-Chairperson, Board of Supervisors

DEVELOPER:
SABAL	TRACE	DEVELOPMENT PARTNERS, LLC,
a Florida limited liability company

By: Fields-Realty, LLC
a Florida limited liability company, its Manager

By	­
Kim B. Fields,
Authorized Member

IN WITNESS WHEREOF, District and Developer caused this Agreement to be executed, to be effective as of the day and year first written above.

DISTRICT:

CENTRAL PARC COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes

By:	 _ Print Name: 		  Title: 		

DEVELOPER:

SABAL	TRACE	DEVELOPMENT PARTNERS, LLC,
a Florida limited liability company

Authorized Member

Exhibit A - Legal Description

Tracts 100, 506 through 511, inclusive, 601,602,603, 610, 612, 613 and 615 through 624, inclusive, CENTRAL PARC PHASE 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, inclusive, of the Public Records of Sarasota County, Florida.

Peter T Van Buskirk 2024.05.29
17:42:14-04'00'

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT
Requisition # 1 Disbursement Attachment 5/29/2024

Name of Payee	Job / Account No.	Invoice Number	Amount Payable	Total Amount	Wiring/Mailing Instructions

1 Sabal Trace Development Partners, LLC	$8,282,133.20
550 SE 5th Ave Apt 304S
Boca Raton, FL 33432-5598	
Wire to:	
	$8,282,133.20		

Total  $8,282,133.20

Earthwork	$1,062,206.94	
Storm	$4,373,064.49	
Water	$273,535.32	
Sewer	$1,436,181.02	
Roads	$1,028,459.84	
Off-site	$147,788.45	
Landscape	$889,465.58	
Environmental	$1,962,743.22	
Professional	$1,232,974.07	
Total before Deductions	$12,406,418.93	
Deductions
Brownfield	
($97,037.87}	
Brownfield	($285,631.69}	
ET Civil Reimbursements	($183,775.99}	
ET Civil Phase 2 Values	($114,851.60}	
Residential Lots Earthwork	($61,493.17}	
Total	($742,790.32}	
Total after Deductions	  $11,663,628.61 	

AGREEMENT BETWEEN THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT AND METTAUER ENVIRONMENTAL, INC.
FOR STORMWATER MANAGEMENT SERVICES

This Agreement (“Agreement”) is made and entered into this    day of 	, 2024, by and between:

Central Parc Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, located in Sarasota County, Florida, with an address of 19503 S. West Villages Parkway, #A3, Venice, Florida 34293 (“District”) and

Mettauer Environmental, Inc., a Florida corporation, with a mailing address of 19741 N. River Road, Alva, Florida 33920 (“Contractor,” together with District, “Parties”).

RECITALS

Whereas, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

Whereas, the District owns, operates, and maintains sixteen (16) stormwater ponds within the District’s boundaries; and
Whereas, the District desires to enter into an agreement with an independent contractor to provide water management services for the stormwater ponds; and
WHEREAS, Contractor submitted a proposal and represents that it is qualified to provide water management services and has agreed to provide to the District those services (“Services”) as described in Exhibit A; and

Whereas, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.
Now, therefore, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows:
Section 1.  Incorporation of Recitals. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

Section 2.  Description of Work and Services.

The District desires that the Contractor provide professional water management services within presently accepted standards. Upon all Parties signing this Agreement, the Contractor shall provide the District with the Services identified in Exhibit A.

While providing the Services, the Contractor shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services.

The Contractor shall provide the Services as shown in Exhibit A of this Agreement. Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District.

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, and regulations.

SECTION 3. SCOPE OF WATER MANAGEMENT SERVICES. The Contractor will provide water management services for sixteen (16) stormwater ponds located within the District’s boundaries. The duties, obligations, and responsibilities of Contractor are to provide the material, tools, skill, and labor necessary for the Services as described in Exhibit A. To the extent any of the provisions of this Agreement are in conflict with the provisions of Exhibit A, this Agreement controls.

Section 4.  Manner of Contractor’s Performance. The Contractor agrees, as an independent contractor, to undertake work and/or perform such services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of the Services by the Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.
Should any work and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the proper provision of services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

The Contractor agrees that the District shall not be liable for the payment of any work or services not included in Exhibit A unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work.
The District shall designate in writing a person to act as the District’s representative with respect to the services to be performed under this Agreement. The District’s representative shall have complete authority to transmit instructions, receive information, interpret and define the District’s policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor’s services.

The District hereby designates the District Manager to act as its representative.

Upon request by the District Manager, the Contractor agrees to meet with the District’s representative to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement.

Contractor shall use all due care to protect the property of the District, its residents, and landowners from damage. Contractor agrees to repair any damage resulting from Contractor’s activities and work within twenty-four (24) hours.

Neither party shall be responsible for damages, penalties or otherwise for any failure or delay in performance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders and regulations, curtailment or failure to obtain sufficient material, or other force majeure condition (whether or not of the same class or kind as those set forth above) beyond its reasonable control and which, by the exercise of due diligence, it is unable to overcome. Should the Contractor be prohibited, restricted or otherwise prevented or impaired from rendering specified services by any condition, the Contractor shall notify the District of said condition and of the excess direct costs arising there from.

Section 5.	Compensation; Term.

As compensation for the Services described in this Agreement, the District agrees to pay the Contractor Eight Hundred Eighty-Five Dollars and Twenty-Six Cents ($885.26) per month. The term of this Agreement shall be from the date of execution of this Agreement by the Parties, for a period of thirty-six (36) months, unless terminated earlier by either party in accordance with the provisions of this Agreement.
If the District should desire additional work or services, or to add additional areas to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the Parties shall agree in writing to an addendum, addenda, or change order to this Agreement. The Contractor shall be compensated for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing.

The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, materialmen, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen’s Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

The Contractor shall maintain records conforming to usual accounting

practices. As soon as may be practicable at the beginning of each month, the Contractor shall invoice the District for all services performed in the prior month and any other sums due to the Contractor. The District shall pay the invoice amount within forty-five (45) days after the invoice date. The Contractor may cease performing services under this Agreement if any payment due hereunder is not paid within forty-five (45) days of the invoice date. Each monthly invoice will include such supporting information as the District may reasonably require the Contractor to provide.

Section 6.  Insurance.

The Contractor shall maintain throughout the term of this Agreement the following insurance:

Worker’s Compensation Insurance in accordance with the laws of the State of Florida.

Commercial General Liability Insurance covering the Contractor’s legal liability for bodily injuries, with limits of not less than $1,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:

Independent Contractors Coverage for bodily injury and property damage in connection with any subcontractors’ operation.

Employer’s Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.
Automobile Liability Insurance for bodily injuries in limits of not less than
$1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

The District, Sabal Trace Development Partners, LLC, and their respective staff, consultants, and supervisors, shall be named as additional insureds. The Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within seven
(7) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida.

If the Contractor fails to have secured and maintained the required insurance, the District has the right but not the obligation to secure such required insurance in which event the Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Section 7.	Indemnification.

Contractor agrees to defend, indemnify, and hold harmless the District and its officers, agents, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses, damages, penalties, fines, judgments against the District, or loss or damage, whether monetary or otherwise, arising out of, wholly or in part by, or in connection with the Services to be performed by Contractor, its subcontractors, its employees and agents in connection with this Agreement, including litigation, mediation, arbitration, appellate, or settlement proceedings with respect thereto. For avoidance of doubt, indemnification obligation of the Contractor herein requires the Contractor to indemnify the District for any and all percentage of fault attributable to Contractor for in any claims arising hereunder (whether such claim is against the District, the Contractor or the District and Contractor as jointly liable parties) regardless of whether the District is adjudged to be more or less than 50% at fault. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in section 768.28, Florida Statutes, or other statute.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorneys’ fees, paralegal fees, expert witness fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), any interest, expenses, damages, penalties, fines, or judgments against the District.

Section 8. Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set forth in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation of law.
Section 9.	Compliance with Governmental Regulation. The Contractor shall
keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If the Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Section 10. Liens and Claims. The Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District’s property free from any materialmen’s or mechanic’s liens and claims or notices in respect to such liens and claims, which arise by reason

of the Contractor’s performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

Section 11.	Default and Protection Against Third Party Interference. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement.

Section 12. Custom and Usage. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

Section 13. Successors. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.
Section 14. Termination. The District agrees that the Contractor may terminate this Agreement with cause by providing thirty (30) days’ written notice of termination to the District stating a failure of the District to perform according to the terms of this Agreement; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days’ written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all work and/or services rendered up until the effective termination of this Agreement, subject to whatever claims or off-sets the District may have against the Contractor.

Section 15. Permits and Licenses. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the District. All other permits or licenses necessary for the Contractor to perform under this Agreement shall be obtained and paid for by the Contractor.

SECTION 16. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such approval shall be void.

SECTION 17. INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor. Neither the Contractor nor employees of the Contractor, if there are any, are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

Section 18. Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

Section 19. Enforcement of Agreement. A default by either Party under this Agreement shall entitle the other Party to all remedies available at law or in equity. In the event that either the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing Party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Section 20. Entire Agreement. This Agreement contains the entire agreement between the Parties hereto with respect to the subject matter hereof and supersedes and replaces any prior agreements between the Parties with respect to such subject matter.
Section 21. Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the Parties.

Section 22. Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of the Parties, the Parties have complied with all the requirements of law, and the Parties have full power and authority to comply with the terms and provisions of this Agreement.
Section 23. Notices. All notices, requests, consents and other communications under this Agreement (“Notice” or “Notices”) shall be in writing and shall be hand delivered, mailed by First Class Mail, postage prepaid, or sent by overnight delivery service, to the Parties, as follows:

If to District:	Central Parc Community Development District
19503 S. West Villages Parkway, #A3 Venice, Florida 34293
Attn: District Manager

With a copy to:	Kutak Rock LLP
107 West College Avenue

Tallahassee, Florida 32301 Attn: District Counsel

If to the Contractor:	Mettauer Environmental, Inc.
19741 N. River Road Alva, Florida 33920
Attn: Christina Gleason Mettauer

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notices on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the Parties and addressees set forth in this Agreement.

Section 24. Third Party Beneficiaries. This Agreement is solely for the benefit of the Parties hereto and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors, and assigns.
Section 25. Controlling Law and Venue. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. All actions and disputes shall be brought in the proper court and venue, which shall be Sarasota County, Florida.

SECTION 26. COMPLIANCE WITH PUBLIC RECORDS LAWS. Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is William Crosley (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Contractor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of

the contract term and following the contract term if the Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Contractor’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Contractor, the Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS, AT (941) 244-2805, OR BY EMAIL AT WCROSLEY@SDSINC.ORG, OR BY REGULAR MAIL AT 19503 S. WEST VILLAGES PARKWAY, #A3, VENICE, FLORIDA 34293.
Section 27. Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

Section 28. Arm’s Length Transaction. This Agreement has been negotiated fully between the Parties as an arm's length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.

Section 29. Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument. Additionally, the Parties acknowledge and agree that the Agreement may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature” shall include faxed versions of an original signature, electronically scanned and transmitted versions (e.g. via PDF) of an original signature, or signatures created in a digital format.

SECTION 30. E-VERIFY. The Contractor shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statute, Contractor shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.09(1), Florida Statutes. By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with

the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

SECTION 31.	COMPLIANCE	WITH	SECTION	20.055,	FLORIDA	STATUTES.	The
Contractor agrees to comply with Section 20.055(5), Florida Statutes, to cooperate with the inspector general in any investigation, audit, inspection, review, or hearing pursuant to such section and to incorporate in all subcontracts the obligation to comply with Section 20.055(5), Florida Statutes.

Section 32. Scrutinized Companies Statement. Contractor certifies it: (i) is not in violation of Section 287.135, Florida Statutes; (ii) is not on the Scrutinized Companies with Activities in Sudan List; (iii) is not on the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List; (iv) does not have business operations in Cuba or Syria; (v) is not on the Scrutinized Companies that Boycott Israel List; and (vi) is not participating in a boycott of Israel. If the Contractor is found to have submitted a false statement with regards to the prior sentence, has been placed on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, or the Scrutinized Companies that Boycott Israel List, has engaged in business operations in Cuba or Syria, and/or has engaged in a boycott of Israel, the District may immediately terminate the Contract.

[CONTINUED ON FOLLOWING PAGE]

IN WITNESS WHEREOF, the Parties hereto have signed and sealed this Agreement on the day and year first written above.

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

METTAUER ENVIRONMENTAL, INC.

By:			 Its: 		

Exhibit A: Scope of Services

Exhibit A
Scope of Services

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vironmental

19741 Nonh River Rd., Alva, FL 33920 • (239) 728-1814 • www.ME- .co
Certit d General cor,tractor CGClS23 7 • Commerc1a1RU? Applicators·Natural 11.reas, Aquatic Areai, lll&hl o way

Jol17,2024

Client
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Speci District Services Ann: wmam Crosley 2051A Bums Rd.
Pam Seac	amens. FL 34410
Site
Cent I Pare at North Port 456 Greenwood Ave North Port, F 34287

PROPERTY DESCRIPTION

LAKE MANAGEMENT CON RACT

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Attachment A: Site Map

16

Attachment B: Sample Monthly Inspection Report

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239-728-1814

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4871-3526-0625.2

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Upon recording, this instrument should be returned to:

(This space reserved for Clerk)

Central Parc Community Development District c/o Special District Services, Inc.
19503 S. West Villages Parkway, #A3 Venice, Florida 34293

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

Board of Supervisors1
Central Parc Community Development District

Kim Fields Chairperson

Mathew Mootz Vice Chairperson

Vacant Assistant Secretary

Kelly Levin Assistant Secretary

Sean Landers Assistant Secretary

Special District Services, Inc.
District Manager
19503 S. West Villages Parkway, #A3 Venice, Florida 34293
(941) 244-2805

District records are on file at the offices of Special District Services, Inc., at 19503 S. West Villages Parkway, #A3, Venice, Florida 34293, and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of August 1, 2024. For a current list of Board Members, please contact the District Manager’s office.

TABLE OF CONTENTS
Introduction	3
What is the District and how is it governed?	4
What infrastructure improvements does the District provide
and how are the improvements paid for?	5
Assessments, Fees and Charges	7
Method of Collection	8

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

INTRODUCTION

The Central Parc Community Development District (“District”) is a local unit of special- purpose government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, construction and/or acquisition, as well as maintenance of roadways, utilities, earthwork, stormwater management, landscape, irrigation, entry features, street lighting, underground electric, conservation and mitigation, recreation facilities, and other related public infrastructure.

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

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

What is the District and how is it governed?

The District is an independent, special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes (“Act”), established by Ordinance No. 2020- 04, enacted by the City Commission of the City of North Port, Florida, which was effective on February 25, 2020. The District encompasses approximately 207.561 acres of land located entirely within the boundaries of Sarasota County, Florida. As a local unit of special-purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.

The District is governed by a five-member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one vote for each acre of land with fractions thereof rounded upward to the nearest whole number. Elections are then held every two years in November. Commencing when both six years after the initial appointment of Supervisors have passed and the District has attained a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring will begin to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in Sarasota County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.
Board meetings are noticed as required by Florida law and conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly bound by the State’s open meetings law and are generally subject to the same disclosure requirements as other elected officials under the State’s ethics laws.

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

The District is comprised of approximately 207.56 acres, and located entirely within Sarasota County, Florida. The legal description of the lands encompassed within the District is attached hereto as Exhibit A. The public infrastructure necessary to support the District’s development program includes, but is not limited to, stormwater management and control systems, including but not limited to related earthwork, water and wastewater facilities, public roadway improvements, stormwater facilities, and conservation and mitigation areas. These infrastructure improvements are more fully detailed below. To plan the infrastructure improvements necessary for the District, the District adopted the Engineer’s Report for the Central Parc Community Development District (Central Parc at North Port Project), dated March 20, 2020, (“Master Engineer’s Report”), as supplemented by the Supplement to Engineer’s Report dated April 28, 2020 (“First Supplement”), Second Supplement to Engineer’s Report dated May 31, 2023 (“Second Supplement”), and Third Supplement to Engineer’s Report dated March 18, 2024 (“Third Supplement” and, together with the Master Engineer’s Report, First Supplement, Second Supplement, and Third Supplement, the “Engineer’s Report”) which details all of the improvements currently contemplated for the completion of the infrastructure of the District (“Capital Improvement Plan”). Copies of the Engineer’s Report are available for review in the District’s public records. The improvements and proposed costs of the Capital Improvement Plan are described in Table 1 of the Engineer’s Report, as adjusted for price escalation in the Third Supplement.

These public infrastructure improvements have been and will be funded by the District’s sale of bonds and/or notes. On June 15, 2020, the Twelfth Judicial Circuit Court of the State of Florida, in and for Sarasota County, Florida, entered a Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $31,000,000 in Special Assessment Bonds for infrastructure needs of the District.

ROADWAYS AND GATES

The approved conceptual development plan for the project includes two-lane undivided subdivision roads and 1,400 feet of two-lane divided roadway that will serve as the main entrance to Central Parc. Such roads include the roadway asphalt, base, and subgrade, striping and signage and sidewalks within rights-of-way abutting non-lot lands. Sidewalks along residential lot frontages will be constructed by the homebuilders. All roads and sidewalks will be designed in accordance with City of North Port standards. All internal roadways financed by the District will be retained by the District for ownership, operation, and maintenance. The District will also own and maintain the community gates.

STORMWATER MANAGEMENT

The stormwater collection and outfall system consists of a combination of roadway curbs and gutters, curb inlets, pipes, control structures, swales, and open ponds designed to treat and attenuate stormwater runoff from District lands and runoff from adjacent lands that have historically passed through the lands of Central Parc, formerly the Sabal Trace Golf and Country Club. The stormwater system within the project discharges to the Cocoplum Waterway and a swale leading to North Port Blvd, both within the Myakka River Watershed. The stormwater system will be designed consistent with the criteria established by the Southwest Florida Water Management District (SWFWMD) and the City of North Port. The Central Parc Community Development District will finance, own, operate, and maintain the stormwater system.

WATER AND WASTEWATER UTILITIES

The water and wastewater infrastructure shall include on-site water supply improvements including water mains that will be located within the right of way and used for potable water service. Water main connections to the existing City of North Port water distribution system will be made at Appomattox Drive and Greenwood Avenue. Wastewater improvements for the project will include an onsite gravity collection system, offsite and onsite force main, and an onsite lift station. The water distribution and wastewater collection systems for all phases will be completed by the District and dedicated to the City of North Port for operation and maintenance.

HARDSCAPE/LANDSCAPE/IRRIGATION

The District will construct and/or acquire landscaping, irrigation and hardscaping within District common areas and rights-of-way that shall comply with the City of North Point’s design criteria requirements. The irrigation re-use water distribution system will be constructed to provide service for irrigation throughout the community and will consist of irrigation mains within the right of way and other District lands. An existing re-use main will provide re-use water to the irrigation water storage lake, which will then be pumped from the storage lake to the proposed on site irrigation water mains. Hardscaping will consist of entry features, front and rear entry access gates, a clock tower, park benches, wayfinding signage, and other monumentation.

All such landscaping, irrigation and hardscaping will be owned, maintained, and funded by the District. Such infrastructure, to the extent that it is located in rights-of-way owned by the City of North Point, will be maintained pursuant to a right-of-way agreement with the City of North Point. The portion of the reclaimed water main from North Port Boulevard to the storage lake will be dedicated to the City of North Point for operation.

ENVIRONMENTAL CONSERVATION/MITIGATION
The forested and herbaceous wetland impacts associated with the construction of the District's infrastructure which will require 9.69 acres of wetland mitigation. The District will be responsible for the design, permitting, construction maintenance, government reporting, and costs of the environmental mitigation.

Assessments, Fees and Charges

The costs of acquisition or construction of a portion of these infrastructure improvements may be financed by the District through the sale of special assessment bonds. The annual debt service payments, including interest due thereon, are payable solely from and secured by the levy of non-ad valorem or special assessments against lands within the District which benefit from the construction, acquisition, establishment and operation of the District’s improvements. The annual debt service obligations of the District which must be defrayed by annual assessments upon each parcel of land or platted lot will depend upon the type of property purchased. Property owned by units of local, state, and federal government shall not be subject to the Special Assessments without specific consent thereto. Information regarding the maximum annual assessment levels for securing such bonds is contained in the Master Assessment Methodology Report dated June 2, 2020.

To date, the District has issued one series of bonds secured by special assessments over what is more commonly known as the “Residential Lands” consisting of 500 residential lots. A future bond series secured by assessments over what is more commonly known as the “Mixed-Use Lands” is anticipated in the future. On May 24, 2024, the District issued its $9,620,000 Central Parc Community Development District Special Assessment Revenue Bonds, Series 2024. The assessments securing the Series 2024 Bonds are set forth in the chart below, taken from the more detailed First Supplemental Special Assessment Methodology Report (Series 2024 Bonds) dated May 15, 2024.

Product Type	Maximum Annual Debt Service Per Unit	Par Debt Per Unit	
35’ Villa Home Lots	$1,191	$15,751.31	
52’ SF Detached Lots	$1,770	$23,401.95	

Interested persons are encouraged to contact the District Manager for information regarding special assessments on a particular lot or parcel of lands. A copy of the District’s assessment methodology and assessment roll are available for review in the District’s public records.

The District may undertake the construction, acquisition, or installation of other future improvements and facilities, which may be financed by bonds, notes, or other methods authorized by Chapter 190, Florida Statutes. More information can be obtained from the Capital Improvement Plan on file with the District.

In addition to the special assessments described above, the District’s Board of Supervisors may annually determine and calculate operations and maintenance assessments against all benefited lands in the District. These assessments may also be collected in the same manner as county ad valorem taxes.

Method of Collection

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

This description of the Central Parc Community Development District’s operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the use and development of this community. If you have any questions or would simply like additional information about the District, please write to or call the: District Manager, Central Parc Community Development District, 19503 S. West Villages Parkway, #A3, Venice, Florida 34293, (941) 244-2805.
The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District’s public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the information contained herein may be subject to change over time, in the due course of the District’s activities and in accordance with Florida law. Prospective and current residents and other members of the public should seek confirmation and/or additional information from the District Manager’s office with regard to any questions or points of interest raised by the information presented herein.

IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the 	 day of 	 2024, and recorded in the Official Records of Sarasota County, Florida.

WITNESSES:	CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

Kim Fields
[Print Name]	Chairperson, Board of Supervisors Address:

[Print Name] Address:

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization this   day of 	 2024, by Kim Fields as Chairperson of the Board of Supervisors of the Central Parc Community Development District.

(Official Notary Signature & Seal)
Name: 	 Personally Known 	 OR Produced Identification 	 Type of Identification 	

Exhibit A

12

13

PUBLIC FACILITIES REPORT
FOR
CENTRAL PARC
Prepared for:

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

Prepared by:

Kimley-Horn and Associates, Inc.
1800 2ND Street, Suite 900
Sarasota, FL 34236
(941) 379-7600

May 24, 2024
Project No. 148860000

THIS DOCUMENT, TOGETHER WITH THE CONCEPTS AND DESIGNS PRESENTED HEREIN, AS AN INSTRUMENT OF SERVICE, IS INTENDED ONLY FOR THE SPECIFIC PURPOSE AND CLIENT FOR WHICH IT WAS PREPARED. REUSE OR ANY IMPROPER RELIANCE ON THE DOCUMENT WITHOUT WRITTEN AUTHORIZATION AND ADAPTATION BY KIMLEY-HORN AND ASSOCIATES, INC., SHALL BE WITHOUT LIABILITY TO KIMLEY-HORN AND ASSOCIATES, INC.
1

ENGINEER’S CERTIFICATION
CENTRAL PARC

This is to certify that the enclosed engineering calculations were performed by me or under my direct supervision.

Peter T Van Buskirk 2024.05.28

10:23:28-04'00'

entire report	‚

PETER T. VAN BUSKIRK, P.E. #38859
Kimley-Horn and Associates, Inc. 1800 2ND Street, Suite 900
Sarasota, Florida 34236

DATE: 	

.

2

TABLE OF CONTENTS
CENTRAL PARC
INTRODUCTION AND DESCRIPTION	4
EXISTING FACILITIES	4
TRANSPORTATION FACILITIES	4
SANITARY SEWER FACILITIES	5
POTABLE WATER FACILITIES.	5
SURFACE WATER MANAGEMENT FACILITIES.	5
IRRIGATION WATER	5
PARKS AND RECREATIONAL FACILITIES	5
FACILITIES PRESENTLY UNDER CONSTRUCTION, IMPROVED, OR EXPANDED	6
TRANSPORTATION FACILITIES	6
SANITARY SEWER FACILITIES	6
POTABLE WATER FACILITIES.	6
SURFACE WATER MANAGEMENT FACILITIES.	6
IRRIGATION WATER	7
PARKS AND RECREATIONAL FACILITIES	7
FACILITIES PROPOSED WITHIN 5 YEARS	7
TRANSPORTATION FACILITIES	7
SANITARY SEWER FACILITIES	7
POTABLE WATER FACILITIES.	7
SURFACE WATER MANAGEMENT FACILITIES.	7
IRRIGATION WATER	8
PARKS AND RECREATION FACILITIES	8

3

NARRATIVE
CENTRAL PARC

INTRODUCTION AND DESCRIPTION
This Public Facilities Report
The Central Parc project is within the Central Parc Community Development District (“District”) that was created by and operates under the Uniform Community Development District Act of 1980, Chapter 190, Florida Statues (the “Act”), the Florida Constitution, and other applicable provisions of law, and established by Ordinance No. 2020-04, enacted by the City Commission of North Port, FL (the “City”), on February 25, 2020 (the “Ordinance”).
This Public Facilities Report is provided in conformance with the District’s obligation. The purpose of this report is to provide a description of the existing facilities owned and operated by the District or operated by another entity, except a local general-purpose government, through a lease or other agreement with the District.
In addition, this report will provide a description of each public facility the District is building, improving, expanding, or is currently proposing to build, improve or expand within the next five years. This report also includes any facilities the District is assisting another entity, except a local general-purpose government, to build, improve, or expand through a lease or another agreement with the District. For each future public facility identified, this report will describe how the District currently proposes to finance the facility.
EXISTING FACILITIES
TRANSPORTATION FACILITIES
The following existing public owned and maintained roadways within and not within the boundaries of the District have been built or modified by the District and are maintained by the District or another government entity:

Roadway Name	Roadway Capacity	Roadway	Landscape and
Ownership and		Lighting Maintenance	Ownership and
Entity	Maintenance
Entity	
Schubert Trail (Phase 1)	Two-lane	District	District	
Tuscola Blvd (Phase 1)	Two-lane and
Two-lane divided	District	District	
Greenwood Avenue (Phase 1)	Two-lane	City	City	

4

NARRATIVE
CENTRAL PARC

SANITARY SEWER FACILITIES
The City of North Port provides sanitary sewer service to the District. Wastewater treatment is provided by City of North Port Waste Water Treatment Plant (FLA013378) operated by the City. The plant has a capacity of approximately 7.0 MGD. Additional sanitary sewer facilities for the District consist of gravity sewer mains, manholes, lift station, and force main that were built by the District, but will be owned, operated, and maintained by the City. Since these facilities will be owned and operated by the City, no additional information regarding the facilities is included in this report.
POTABLE WATER FACILITIES
The City presently provides potable water service to the District. Potable water facilities throughout the District have been built to accommodate residential and commercial development. The City owns, operates, and maintains facilities that connect to the water mains in the District. Additional water facilities for the District consist of water mains, and appurtenances that were built by the District, but will be owned, operated, and maintained by the City. Since these facilities are owned and operated by the City of North Port, no additional information regarding these facilities is included in this report.
SURFACE WATER MANAGEMENT FACILITIES
The District, once conveyed, will own, operate, and maintain the stormwater system serving the site. The Southwest Florida Water Management District and the City regulate design criteria for the stormwater management facilities. Required stormwater management and treatment has been achieved through the stormwater management facilities.
IRRIGATION WATER
The District will own, operate, and maintain irrigation through a series of reuse main lines that will connect and distribute from an irrigation pond. Reclaimed water from the City’s wastewater treatment plant will be utilized for irrigation.
The temporary irrigation plan which includes a direct connection to the City’s reclaimed water main, will be utilized until the final construction of the irrigation pond and complete plan.
PARKS AND RECREATIONAL FACILITIES
The District will own common areas within the residential communities as they are conveyed to the District.

5

NARRATIVE
CENTRAL PARC

FACILITIES PRESENTLY UNDER CONSTRUCTION, IMPROVED, OR EXPANDED
TRANSPORTATION FACILITIES
Roadway Name	Roadway	Roadway Ownership	Landscape and
Capacity	and Maintenance	Lighting
Entity	Ownership and Maintenance
Entity	
Discher Terr. (Phase 2)	Two-lane	District	District	
Whiting Street (Phase 2)	Two-lane	District	District	
Landers Ave (Phase 2)	Two-lane	District	District	
Hedges Street (Phase 2)	Two-lane	District	District	
Dublin Place (Phase 2)	Two-lane	District	District	
Ridge Center Ave (Phase 2)	Two-lane	District	District	
New Albany Lane (Phase 2)	Two-lane	District	District	

SANITARY SEWER FACILITIES
The District is constructing gravity sewer mains, lot connections, and manholes to serve the future phases of the Central Parc project. These facilities will have undergone permitting and approval through the City and Florida Department of Environmental Protection (FDEP). Upon completion, these facilities will be owned, maintained, and operated by the City.
POTABLE WATER FACILITIES
The District is constructing water mains and lot connections to serve the future phases of the Central Parc project. These facilities will have undergone permitting and approval through the City and Florida Department of Environmental Protection (FDEP). Upon completion, these facilities will be owned, maintained, and operated by the City.
SURFACE WATER MANAGEMENT FACILITIES
Stormwater facilities are under construction for the Central Parc project. Stormwater treatment and attenuation will be met through a series of ponds, pipes, and control structures. The Southwest Florida Water Management District and the City regulate design criteria for the stormwater management facilities. Required stormwater management and treatment has been achieved through the stormwater management facilities. It is anticipated that the District will own, operate and maintain the stormwater system serving the development being constructed.

6

NARRATIVE
CENTRAL PARC

IRRIGATION WATER
The District will provide irrigation to the portions of the project under construction. Reclaimed water provided by the City will be directed to the irrigation pond and serve to provide irrigation for the project.
PARKS AND RECREATIONAL FACILITIES
The Amenity Center, which includes tennis courts, pickleball courts, lawn event area, and pool, has commenced construction this year. The Amenity Center is funded by the developer and will be owned, operated, and maintained by the Central Parc Home Owner’s Association.
FACILITIES PROPOSED WITHIN 5 YEARS
TRANSPORTATION FACILITIES
Roadway Name	Roadway	Roadway Ownership	Landscape and
Capacity	and Maintenance	Lighting
Entity	Ownership and Maintenance
Entity	
Lake City Ct. (Phase 3)	Two-lane	District	District	
Tuscola Blvd. (Phase 3)	Two-lane	District	District	
Landers Ave (Phase 3)	Two-lane	District	District	
Discher Terr. (Phase 3)	Two-lane	District	District	
Hedges Street (Phase 3)	Two-lane	District	District	
Greenwood Avenue (Phase 3)	Two-lane	City	City	

SANITARY SEWER FACILITIES
All improvements to the sanitary sewer facilities have been permitted through the FDEP and City and construction will be the responsibility of the District. Upon completion, these facilities will be owned, maintained, and operated by the City.
POTABLE WATER FACILITIES
All improvements to the potable water facilities have been permitted through the FDEP and City and construction will be the responsibility of the District. Upon completion, these facilities will be owned, maintained, and operated by the City.
SURFACE WATER MANAGEMENT FACILITIES
All stormwater management facilities will be constructed to serve the future development and will be operated, owned, and maintained by the District. Stormwater treatment and attenuation will be achieved through the stormwater management plan that utilizes, ponds,

7

NARRATIVE
CENTRAL PARC

pipes, and control structures. The stormwater management plan and facilities will be regulated by the SWFWMD and the City. It is anticipated that the District will own, operate and maintain the stormwater system serving the development.
IRRIGATION WATER
The District will provide irrigation to future developments for the Central Parc project. The source of the irrigation will be provided through the reclaim mains and an irrigation pond. All irrigation plans will obtain approval from the City.
PARKS AND RECREATION FACILITIES
The District will be responsible for any open space and recreational areas, not including the Amenity Center.

8

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2024-03; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2024/2025 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Central Parc Community Development District (the “District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and

WHEREAS, the Board previously adopted Resolution 2024-03 approving a proposed budget and setting a public hearing for August 20, 2024; and

WHEREAS, due to the unforeseen inability of the Board to secure a quorum for the scheduled public hearing, said public hearing had to be re-advertised and rescheduled; and

WHEREAS, the public hearing has been rescheduled for September 30, 2024, and all other requirements and filings associated with the preparation of the fiscal year budget have been completed.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT, THAT:

Resolution No. 2024-03 is hereby amended to change the date and time of the Public Hearing to September 30, 2024 at 2:00 P.m. in the 19503 S. West Villages Parkway, Meeting Room across from Suite A14, Venice, Florida 34293, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.
The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with all applicable notice requirements.

PASSED, ADOPTED and EFFECTIVE this 30th day of September, 2024.

ATTEST:	CENTRAL PARC
COMMUNITY DEVELOPMENT DISTRICT

By:			By:	 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 BUDGET FUNDING AGREEMENT
THIS AGREEMENT (this “Agreement”) is made and entered into this 	 day of
	, 2024, by and between:
Central Parc Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, with a mailing address of c/o Special District Services, Inc., The Oaks Center, 2501A Burns Road, Palm Beach Gardens, Florida 33410 (the "District"), and

Sabal Trace Development Partners, LLC, a Florida limited liability company, with a mailing address of 550 SE 5th Avenue, Apt. 304S, Boca Raton, Florida 33432 (“Developer” and, together with the District, the “Parties”).
RECITALS
WHEREAS, the District was established by Ordinance No. 2020-04, adopted by the City Commission of the City of North Port, Florida, effective as of February 25, 2020, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing portions of all real property described in Exhibit A, attached hereto and incorporated herein by reference (“Property”) within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and
WHEREAS, the District is adopting its general fund budget for the fiscal year which will commence on October 1, 2024, and conclude on September 30, 2025 (“Fiscal Year 2024/2025 Budget”); and

WHEREAS, the Fiscal Year 2024/2025 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit B; and
WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property, that will benefit from the activities, operations and services set forth in the Fiscal Year 2024/2025 Budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit B; and

WHEREAS, the Developer agrees that the District activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and
WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit B; and

WHEREAS, the Developer and District desire to secure such budget funding through the imposition of a continuing lien against the Property described in Exhibit A and otherwise as provided herein.
NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

RECITALS. The recitals stated above are true and correct and by this reference is incorporated herein as a material part of this Agreement.
FUNDING. The Developer agrees to make available to the District the monies necessary for the operation of the District as called for in the Fiscal Year 2024/2025 Budget attached hereto as Exhibit B, within fifteen (15) days of written request by the District. Amendments to the Fiscal Year 2024/2025 Budget as shown on Exhibit B to be adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement upon written notice to the Developer and a lack of written objection by the Developer within fourteen (14) days of notification of such budget amendment. Funds provided hereunder shall be placed in the District's general checking account. These payments are made by Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.
CONTINUING LIEN. District shall have the right to file a continuing lien upon the Property described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorney’s fees, paralegal fees, expenses, and court costs, incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for Fiscal Year 2024/2025 Budget” in the public records of Sarasota County, Florida (“County”), stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District

Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for Fiscal Year 2024/2025 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for portions of the Property subject to a plat if and when the Developer has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any of the Property described in Exhibit A after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Developer.
ALTERNATIVE COLLECTION METHODS. This Section provides for alternative methods of collection. In the event Developer fails to make payments due to the District pursuant to this Agreement, and the District first provides the Developer with written notice of the delinquency to the address identified in this Agreement and such delinquency is not cured within five (5) business days of the notice, then the District shall have the following remedies:
In the alternative or in addition to the collection method set forth in Section 3 above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for the County. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the substantially prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. The Developer agrees that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property equal to or in excess of the costs set forth in Exhibit B, on an equal developable acreage basis. Therefore, in the alternative, or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to levy and certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the County property appraiser. Developer hereby waives and/or relinquishes any rights it may have to challenge, object to or otherwise fail to pay such assessments if imposed, as well as the means of collection thereof.

AGREEMENT; AMENDMENTS. This instrument shall constitute the final and complete expression of the agreement between the Parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the Parties hereto.
AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.
ASSIGNMENT. Neither the District nor the Developer may assign this Agreement or any monies to become due hereunder without the prior written approval of the other, which consent shall not be unreasonably withheld, conditioned or delayed.
DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 4 above.
THIRD PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is solely for the benefit of the formal Parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give ninety
(90) days prior written notice to the District under this Agreement of any such sale or disposition.
CONTROLLING LAW. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. The Parties consent to and agree that the exclusive venue for any litigation arising out of or related to this Agreement shall be in a court of appropriate jurisdiction in and for Sarasota County, Florida.
ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the Parties as an arm's length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

PUBLIC RECORDS. The Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, the Developer agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to section 119.0701, Florida Statutes. The Developer acknowledges that the designated public records custodian for the District is William Crosley (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Developer shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Developer does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Developer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Developer, the Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF THE DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE DEVELOPER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (941) 244-2805, WCROSLEY@SDSINC.ORG, OR 19503 S. WEST VILLAGES PARKWAY, #A4, VENICE, FLORIDA 34293.
EFFECTIVE DATE. This Agreement shall be effective after execution by both Parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.
COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument.

[Remainder of this page left intentionally blank]

IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written
above.

ATTEST:

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

	
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

WITNESS:

SABAL TRACE DEVELOPMENT PARTNERS, LLC, a
Florida limited liability company

	

Witness Signature Print Name

By: Fields-Realty, LLC Its: Authorized Member

Exhibit A: Property Description
Exhibit B: Fiscal Year 2024/2025 Budget

EXHIBIT A
Property Description

LESS AND EXCEPT THE FOLLOWING DESCRIBED LAND:
Lots 1 through 16, 193 through 232, 261 through 272, and 302 through 337, Central Parc Phase 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, of the Public Records of Sarasota County, Florida;

Tracts 100 (Road Right of Way), 400 (Amenity Center), 506 through 511 (Stormwater/Lake
Management), 601 through 603, 610, 612, 613, and 615 through 624 (Open Space, Common Area, Stormwater), Central Parc Phase 1, according to the plat thereof as recorded in Plat Book 58, Pages 50 through 68, of the Public Records of Sarasota County, Florida; and,

All lands, or of any estate or interest therein, conveyed by deed to the Central Parc Community Development District.

EXHIBIT B
Fiscal Year 2024/2025 Budget

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Central Parc Community Development District ("District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT, SARASOTA COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED AND EFFECTIVE THIS 30th DAY OF September, 2024.

ATTEST:	CENTRAL PARC
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Central Parc Community Development District will hold Regular Board Meetings at the offices of Special District Services located at 19503 S. West Villages Parkway, in a meeting room across from Suite #A12, Venice, Florida 34293 at 2:00 p.m. on the following dates:

October 15, 2024
November 19, 2024
December 17, 2024
January 21, 2025
February 18, 2025
March 18, 2025
April 15, 2025
May 20, 2025
June 17, 2025
July 15, 2025
August 19, 2025
September 16, 2025

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 941-244-2805 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or two Supervisors may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 941-244-2805 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

www.centralparccdd.org

PUBLISH: Sarasota Herald Tribune	XX/XX/XX

RESOLUTION 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Central Parc Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and

WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning October 1, 2024, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, the District Manager has prepared the attached goals, objectives, and performance measures and standards and presented them to the Board of the District; and
WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached goals, objectives and performance measures and standards.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.
SECTION 2. The District Board of Supervisors hereby adopts the goals, objectives and performance measures and standards as provided in Exhibit A. The District Manager shall take all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

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 30th day of September, 2024.

ATTEST:	CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (yes/no)
Meeting minutes and post-meeting action completed (yes/no)
District records retained as required by law (yes/no)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (yes/no)
District amended budget at end of fiscal year (yes/no)
District accounts receivable/payable processed for the year (yes/no)
“No findings” for annual financial audit (yes/no)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (yes/no)
Contracted Services in force for all District operations (yes/no)
Permits in compliance (yes/no)

RESOLUTION 2024-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE SALE OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024; RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIR, VICE CHAIR, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024; DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Central Parc Community Development District (“District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the District previously adopted resolutions authorizing the issuance and the negotiated sale of bonds within the scope of Chapter 190, Florida Statutes, including its Special Assessment Revenue Bonds, Series 2024, in the par amount of $9,620,000 (“Series 2024 Bonds”); and
WHEREAS, the District closed on the sale of the Series 2024 Bonds on May 24, 2024;
and

WHEREAS, as prerequisites to the issuance of the Series 2024 Bonds, the Chair, Vice Chair, Treasurer, Assistant Secretaries, and District Staff including the District Manager, District Financial Advisor, and District Counsel were required to execute and deliver various documents (“Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of the District Chair, Vice Chair, Treasurer, Assistant Secretaries, and District Staff in connection with closing the sale of the Series 2024 Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The sale, issuance, and closing of the Series 2024 Bonds is in the best interests of the District.

SECTION 2. The issuance and sale of the Series 2024 Bonds, the adoption of resolutions relating to such bonds, the agreements entered into with respect to the issuance of such bonds, and

all actions taken in the furtherance of the closing on such bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 3. The actions of the Chair, Vice Chair, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2024 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Series 2024 Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 30th day of September, 2024.

ATTEST:	CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

Publication Date 2024-09-13

Subcategory Miscellaneous Notices

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2024/2025 BUDGET(S); AND NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Central Parc Community Development District (District) will hold a public hearing on September 30, 2024, at 2:00 p.m. at the offices of Special District Services, Inc. located at 19503 S. West Villages Parkway, #13, Venice, Florida 34293, in the Meeting Room across from Suite A14, for the purpose of hearing comments and objections on the adoption of the proposed budget(s) (Proposed Budget) of the District for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (Fiscal Year 2024/2025). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, c/o Special District Services, Inc., 2501A Burns Road,
Palm Beach Gardens, Florida 33410, (561) 630-4922 (District Managers Office), during normal business hours, or by visiting the Districts website at www.centralparccdd.org.
The public hearing and meeting are open to the public and will be conducted in accordance with the
provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be
specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)
/ 1-800-955-8770 (Voice), for aid 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 public hearing or meeting is advised that person will need a record of 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.
William Crosley District Manager
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT
www.centralparccdd.org Pub: SEptember 13, 20, 2024
#10557357

RESOLUTION 2024-08

THE ANNUAL APPROPRIATION RESOLUTION OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2024, submitted to the Board of Supervisors (“Board”) of the Central Parc Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and
WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1.   BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Central Parc Community Development District for the Fiscal Year Ending September 30, 2025.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption and shall remain on the website for at least 2 years.
SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2024/2025, the sum of $ 1, 346,483 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	618,983		
DEBT SERVICE FUND	$	727,500		
TOTAL ALL FUNDS	$	1,346,483		
SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2024/2025, or within 60 days following the end of the Fiscal Year 2024/2025, may amend its Adopted Budget for that fiscal year as follows:
A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000

or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.
Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 30TH DAY OF SEPTEMBER, 2024.

ATTEST:	CENTRAL PARC COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A: Fiscal Year 2024/2025 Budget

Exhibit A

Fiscal Year 2024/2025 Budget

Central Parc Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O&M (Operation & Maintenance) Assessments	0	
Developer Contribution - O&M	618,983	
Debt Assessments	727,500	
Interest Income	240	
		
TOTAL REVENUES	$	1,346,723	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,016	
Legal	38,000	
Assessment Roll	4,000	
Audit Fees	5,000	
Arbitrage Rebate Fee	650	
Insurance	6,580	
Legal Advertisements	8,000	
Miscellaneous	1,200	
Postage	300	
Office Supplies	1,200	
Dues & Subscriptions	175	
Website Management & ADA Compliance	1,000	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	97,621	
		
Maintenance Expenditures		
Engineering/Inspections	23,000	
Lake Maintenance	32,525	
Landscaping	225,000	
Irrigation	30,000	
Surface Water Management Maintenance	10,842	
Roadway Repairs/Reserve/Sidewalk Maintenance	16,096	
Soft Gate Maintenance	10,000	
Security	9,000	
Street Lighting	128,000	
Total Maintenance Expenditures	$	484,463	
		
Total O&M Expenditures	$	582,084	
		
REVENUES LESS EXPENDITURES	$	764,639	
		
Bond Payments	(683,850)	
		
BALANCE	$	80,789	
		
County Appraiser & Tax Collector Fee	(26,930)	
Discounts For Early Payments	(53,859)	
		
EXCESS/ (SHORTFALL)	$	-	
Note: Expenditures Are For Residential Only

DETAILED FINAL BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M (Operation & Maintenance) Assessments	0	0	0		
Developer Contribution - O&M	55,153	101,531	618,983	Expenditures Less Interest/.94	
Debt Assessments	0	0	727,500	Bond Payments/.94	
Interest Income	239	60	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	55,392	$	101,591	$	1,346,723		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	25,056	25,800	26,016	CPI Adjustment (Capped At 3%)	
Legal	11,000	40,000	38,000	FY 23/24 Expenditure Through March 24 Was $12,826	
Assessment Roll	0	4,000	4,000	As Per Contract	
Audit Fees	3,600	4,000	5,000	Amount Has Increased From 23/24 Due To Bond Issue	
Arbitrage Rebate Fee	0	0	650	Commences In Fiscal Year Following Issuing Of Bond	
Insurance	5,563	5,500	6,580	Insurance Estimate	
Legal Advertisements	1,694	11,000	8,000	Expenditure Should Decrease With Bond Being Issued	
Miscellaneous	8	1,316	1,200	$116 Decrease From 2023/2024 Budget	
Postage	236	300	300	No Change From 2023/2024 Budget	
Office Supplies	398	1,500	1,200	$300 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	1,000	1,000	1,000	No Change From 2023/2024 Budget	
Trustee Fees	0	0	4,500	Commences In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	0	1,000	Commences In Fiscal Year Following Issuing Of Bond	
Total Administrative Expenditures	$	48,730	$	94,591	$	97,621		
					
Maintenance Expenditures					
Engineering/Inspections	3,453	7,000	23,000	FY 23/24 Expenditure Through March 24 Was $5,182	
Lake Maintenance	0	0	32,525	Lake Maintenance	
Landscaping	0	0	225,000	Landscaping	
Irrigation	0	0	30,000	Irrigation	
Surface Water Management Maintenance	0	0	10,842	Surface Water Management Maintenance	
Roadway Repairs/Reserve/Sidewalk Maintenance	0	0	16,096	Roadway Repairs/Reserve/Sidewalk Maintenance	
Soft Gate Maintenance	0	0	10,000	Soft Gate Maintenance	
Security	0	0	9,000	Security	
Street Lighting	0	0	128,000	Street Lighting	
Total Maintenance Expenditures	$	3,453	$	7,000	$	484,463		
					
Total O&M Expenditures	$	52,183	$	101,591	$	582,084		
					
REVENUES LESS EXPENDITURES	$	3,209	$	-	$	764,639		
					
Bond Payments	0	0	(683,850)	2025 Principal & Interest Payments	
					
BALANCE	$	3,209	$	-	$	80,789		
					
County Appraiser & Tax Collector Fee	0	0	(26,930)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(53,859)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	3,209	$	-	$	-		
Note: Expenditures Are For Residential Only

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
0	
0	
100	
Projected Interest For 2024/2025	

NAV Tax Collection	
0	
0	
0		

Bond Proceeds	
0	
0	
0		

Developer Contribution - Debt	
0	
0	
683,850	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	683,950		

EXPENDITURES					

Principal Payments	
0	
0	
130,000	
Principal Payment Due In 2025	

Interest Payments	
0	
0	
552,090	
Interest Payment Due In 2025	

Bond Redemption	
-	
-	
1,860	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	683,950		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Note: Capital Interest Set-up Through November 2024

Series 2024 Bond Information

Original Par Amount =	$9,620,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.90% - 6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	May 2024			
Maturity Date =	May 2054			

Par Amount As Of 6/1/24 =	$9,620,000

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year 2024/2025	Fiscal Year 2024/2025	
2023/2024	Projected Assessment	Projected Assessment	
Assessment*	Includes Discounts & Fees*	Without Discounts & Fees	

O & M For 35' Villa Units

$	-	$

-	$	-

Debt For 35' Villa Units

$	-		$	1,191.00

$	1,119.54

Total For 35' Villa Units

$	-	$

1,191.00	$

1,119.54

O & M For 52' Single Family Units

$	-	$

-	$	-

Debt For 52' Single Family Units

$	-		$	1,770.00

$	1,663.80

Total For 52' Single Family 66 Units

$	-	$

1,770.00	$

1,663.80

Note
Numbers Are For Information Only
O&M is not on the 2024/2025 Assessment Roll If O&M was on the roll; rates
* Assessments Include the Following:	be $982.12 for Villas & $1,543.25
4% Discount for Early Payments	for Single Family Units
County Tax Collector Fee County Property Appraiser Fee

Community Information:		EAU Factor			Total EAUs		
35' Villa Units: 272	0.6364	173.09	
52' Single Family Units: 228	1.000		228.00		
Total:	500 Units		401.09