Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
https://laurelroadcdd.com/

The following is the agenda for the Board of Supervisors’ Meeting of the Laurel Road Community Development District scheduled to be held Wednesday, February 11, 2026, at 12:30 P.M. at 5800 Lakewood Ranch Blvd, Sarasota, FL 34240.

Dial-In:

1-844-621-3956

Access Code:

2536 634 0209

https://pfmcdd.webex.com/join/carvalhov

BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters




Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

1.

Consent Agenda

1.
2.
3.
4.
5.
6.
7.
8.

Minutes of the January 14, 2026, Board of Supervisors’ Meeting

Robertson Billiards Proposal for Ping Pong Table Maddtraxx Proposal for Bike Rack Pad
Maverick Building Solutions Proposal for Amenity Center Bike Racks Payment Authorization Nos. 128 – 132
Funding Request Nos. 196 – 198
Series 2021 Requisition Nos. 181 – 184 District Financial Statements

Business Matters
2. Consideration of Purchase and Sale Agreement with JT Transport Services, LLC for Fill Material

Other Business
Staff Reports
District Counsel




District Engineer District Manager
Next meeting: March 11, 2026
Field Services Operation Manager Lifestyle Director




Supervisor Requests and Comments

Adjournment

Laurel Road Community Development District

Consent Agenda

Laurel Road Community Development District

Minutes of the January 14, 2026, Board of Supervisors’ Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Wednesday, January 14, 2026, at 12:30 p.m. 5800 Lakewood Ranch Blvd, Sarasota, FL 34240

Board Members present: Pete Williams Janice Snow John Blakley Dale Weidemiller
John Leinaweaver

Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary Assistant Secretary

(via phone)

Also present:
Vivian Carvalho Amanda Lane Tom Panaseny
phone)
John McKay Bobbi Claybrooke Jeff Ramer

PFM Group Consulting LLC – District Manager PFM Group Consulting LLC – District Accountant Neal Land & Neighborhoods – Developer

(via phone)
(via

J.H. McKay, LLC – Consultant
AM Engineering – District Engineer Field Services Operation Manager
(via phone)
Neal Land & Neighborhoods- Developer

(via phone)

Andy Richardson (via phone) Jennifer Villareal

Neal Communities- Representative

FIRST ORDER OF BUSINESS

Administrative Matters

Roll Call

The Board of Supervisors’ Meeting for Laurel Road CDD was called to order at 12:33 p.m. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no public comments.

Consent Agenda Items #1 – 7
1. Minutes of the December 10, 2025,

1 | P age 

Board of Supervisors’ Meeting Consulting Agreement with Dale Weidemiller
FEDCO Proposal for Bores for Amenity Lighting
Point Break Surveying Proposal for Phase 2 Platting

2.

3.

4.

5.

Tri

County

Air

Proposal

for

Clubhouse AC Repair

6.

Payment Authorization Nos. 123 – 127
Funding Request No. 194 – 195

7.
8.

District Financial Statements

The Board reviewed the consent agenda items. It was noted the Point Break Surveying Proposal for Phase 2 platting would be removed from the Consent Agenda, as it is a developer expense.

SECOND ORDER OF BUSINESS

Business Matters

Review and Acceptance of Form 8B from Dale Weidemiller

Ms. Carvalho noted this is a statute requirement regarding conflict of interest due to the previously approved contract between the District and Dale Weidemiller.

THIRD ORDER OF BUSINESS

Other Business

Staff Reports

District Counsel –

Ms. Carvalho requested an update on the Laurel Road widening project agreement between the District and the County. Mr. Weidemiller noted that Mr. Vogel was drafting revisions and it will be retransmitted to Sarasota
County this week. This should be completed by February 2026.

2 | P age 

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board accepted the Form 8B from Dale Weidemiller.

ON MOTION by Mr. Williams, seconded by Mr. Blakley, with all in favor, the Board approved the Consent Agenda items 1 – 3 and 5 - 8.

There was brief discussion regarding the construction timeline. It was noted silt screening will most likely begin April 1st, 2026.
District Engineer –	No report.

District Manager –

Ms. Carvalho noted the next Board meeting is scheduled for February 11, 2026.

Field Services Operation Manager – No report.

Lifestyle Director – The Board reviewed the community report.

Audience	Comments	and	Supervisor Requests

Mr. Weidemiller gave an update regarding the project and funding. He noted his compensation comes from the project, not the CDD or Developer.

There was brief discussion regarding Mr. Weidemiller’s compensation.

There were no further comments or requests at this time.

FOURTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

3 | P age 

ON MOTION by Ms. Snow, seconded by Mr. Leinaweaver, with all in favor, the Board of Supervisors’ Meeting for the Laurel Road Community Development District adjourned the meeting at 12:40 p.m.

Laurel Road Community Development District

Robertson Billiards Proposal
for Ping Pong Table

Estimate
ESTIMATE NO.

Robertson Billiards & Spas

DATE

1721 N. Franklin St.
Tampa Fl 33602
813-229-2778

1/29/2026

002432

NAME / ADDRESS

Laurel Road CDD
3501 Quadrangle Blvd Ste 270
Orlando, FL 32817

PROJECT

TOTAL

$2,599.98

Phone #

813-229-2778

ITEM

DESCRIPTION

QTY

TOTAL

PING PONG

Cornilleau 510M Ping pong outdoor

1

2,199.99

DELIVER

Deliver and install

1

399.99

         Delivery address 321 Vistera Blvd Venice, FL 34275	 941-724-2819 Andy richardson

SALES TAX

0.00

VISCDD - Amenities Non-Entry

Laurel Road Community Development District

Maddtraxx Proposal for Bike Rack Pad

PROPOSAL

MaddTraxx LLC
3946 Sasser Rd Zolfo Springs, FL 33890
863-832-4807

Total :

$2,760.00

Thank you for allowing MaddTraxx to service your land needs! Contact office@maddtraxx.com for any questions or concerns.
Please make check payable to MaddTraxx LLC.

Bid price (as shown) for work described above is $2760. Upon execution, it constitutes a binding purchase order.

Signiture of Acceptance

Signiture of Acceptance

TERMS

SCOPE

QUANTITY

RATE

AMOUNT

Saw-cut and demolish existing parallel parking space. Excavate and dispose of existing asphalt as required.
Form and pour an approximately 7' x 20' concrete pad, 3" thick, for bike rack
installation.

Labor and material included.

1

1

$2,760.00

JOB

Vistera Bike Rack

BILL TO

Laurel Road CDD

DATE

1/12/2026

PAYMENT TERMS

NET 30

PO NUMBER

011226BikeRack

VISCDDP1 - Amenities Non-Entry

Laurel Road Community Development District

Maverick Building Solutions Proposal
for Amenity Center Bike Racks

Grand Total (USD)
$4,275.00

VISTERA BIKE RACKS ESTIMATE

9 Singular looped Bike Racks

Estimate Number: Estimate Date: Valid Until:
Grand Total (USD):

774
January 13, 2026
February 12, 2026
$4,275.00

BILL TO
Laurel Road CDD
Andy Richardson
941-328-1140
arichardson@nealland.com

ITEMS

QUANTITY

PRICE

AMOUNT

36" Circle Bike Rack
36" Circle Bike Rack- Black

9

$375.00

$3,375.00

Bike Rack Instalation
Installing Bike Racks to surface mount at designated locations using a 4-1/2" x1/2" wedge anchor.

9

$100.00

$900.00

Grand Total (USD):

$4,275.00

Notes / Terms
To initiate the project, a Material Aquisition invoice payment is required upon proposal approval before any materials are ordered, with the remaining balance due upon project completion and satisfaction. We assure you of our commitment to deliver high-quality results and maintain open communication throughout the project's duration.
Payment for services provided by Maverick Building Solutions ('the company') is due within thirty (30) days of project completion. After sixty (60) days of a failure to pay within this timeframe will result in a 1.5% monthly interest charge on the unpaid balance. Payment can be made via check, Automated Clearing House (ACH). In cases of non-payment, the debtor will bear all costs associated with collections, including legal fees and court costs. The company reserves the right to employ all lawful means to collect outstanding amounts after 90 days of non-payment of final invoice. Thank you.

Maverick Building Solutions - Excellence in all we do, for you!

MAVERICK BUILDING SOLUTIONS
805 Charles Boulevard
Oldsmar, Florida 34677 United States

Contact Information
Mobile: 205-704-9412
Phillip@maverickbuildingsolutions.com

VISCDDP1 - Amenities Non-Entry

Laurel Road Community Development District

Payment Authorization Nos. 128 – 132

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
Payment Authorizations Nos. 128 - 132

PA #

Description

Amount

Total

128

Alsco Uniforms

$	69.56

AM Engineering

$	791.00

$	644.00

Clean Sweep Parking Lot Maintenance

$	712.50

Daystar Exterior Cleaning

$	1,530.00

FitRev

$	250.00

Jan-Pro of Manasota

$	1,325.67

PFM Group Consulting

$	2.95

Verizon Business

$	74.90

WTS International

$	2,338.13

$	25.02

$	346.50

$	39.70

$	2,349.39

$10,499.32

129

City of Venice

$	2,083.88

$	7.28

$	19.42

$	232.80

$	13.49

$	151.26

$	677.48

$	214.56

$	3.80

$	3,414.36

$	415.36

$	465.56

Florida Natural Gas

$	8.32

FPL

$	35.35

$	2,759.88

$	47.61

$	74.34

Impact Landscaping & Irrigation

$	6,685.00

PFM Group Consulting

$	4,625.00

$21,934.75

130

Alsco Uniforms

$	60.64

Comcast Business

$	1,463.91

$	194.95

Navitas Credit Corp

$	2,465.17

Supervisor Fees

$	200.00

$	200.00

$	200.00

$	200.00

$	200.00

TECO

$	57.56

Vglobal Tech

$	300.00

$5,542.23

131

Childlike Productions

$	375.00

Comcast Business

$	194.95

FPL

$	3,588.51

GreatAmerica Financial Services

$	369.16

J.B. Edwards

$	151.72

PFM Group Consulting

$	20.00

Southern Land Services of SW Florida

$	875.00

Tyree Brown, Arborist

$	500.00

Vglobal Tech

$	160.00

WTS International

$	2,353.73

$8,588.07

132

Advanced Aquatic Services

$	1,888.00

Alsco Uniforms

$	69.56

Charlotte Thorpe

$	550.00

Clean Sweep Parking Lot Maintenance

$	1,187.50

Doody Free 941

$	234.00

Florida Natural Gas

$	8.40

Impact Landscaping & Irrigation

$	15,334.67

$	1,986.00

$	3,535.41

$	430.00

Jan-Pro of Manasota

$	1,325.67

NaturZone

$	210.00

Neal Land & Neighborhoods

$	3,375.00

$	3,375.00

PFM Group Consulting

$	4,625.00

S & G Pools

$	1,552.00

Safetouch

$	2,034.55

Safetouch

$	1,538.46

TieTechnology

$	73.38

USA Today

$	158.75

Valley

$	1,333.66

$44,825.01

Total

$91,389.38

Laurel Road Community Development District

Funding Request Nos. 196 – 198

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Funding Requests Nos. 196 - 198

.

FR #

Description

Amount

Total

196

AM Engineering

$	521.00

$	3,239.00

Dale Weidemiller

$	5,557.50

$9,317.50

197

FEDCO Communications & Utilities

$	2,347.50

Kimley-Horn and Associates

$	2,345.66

$4,693.16

198

Kimley-Horn and Associates

$	3,297.52

$3,297.52

Total

$17,308.18

Laurel Road Community Development District

Series 2021 Requisition Nos. 181 – 184

Laurel Road CDD Series 2021
Summary of Requisition(s): 181-182

Requisition

Payable To

Amount 

Special Instructions

Submit Payment

Total

$

5,428.35

181

Florida Fireplace Systems

$	2,867.10

Please overnight the payment and reference invoice(s) 11773 on the payment.

Overnight the payment to:

Florida Fireplace Systems 6998 49th St N
Pinellas Park, FL 33781

182

LRK

$	2,561.25

Please wire the funds per the instructions on page(s) 12 of the .pdf file and reference invoice(s) 04-21020.10-25 with the wire.

Via wire

Laurel Road CDD Series 2021
Summary of Requisition(s): 183-184

Requisition

Payable To

Amount 

Special Instructions

Submit Payment

Total

$

3,512.50

183

Kimley-Horn and Associates

$	1,165.00

Please wire the funds per the instructions on page(s) 5 of the .pdf file and reference invoice(s) 242163006-1125 with the wire.

Via wire

184

FEDCO Communications and Utilities

$	2,347.50

Please wire the funds per the instructions on page(s) 15-16 of the .pdf file and reference invoice(s) DB-VIS1B-01 with the wire.

Via wire

Laurel Road Community Development District

District Financial Statements

Laurel Road
Community Development District
December 2025 Financial Package

December 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

Laurel Road CDD
Statement of Financial Position As of 12/31/2025

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Assets

Current Assets
General Checking Account
On-Roll Assessments Receivable Off-Roll Assessments Receivable Prepaid Expenses
Deposits
On-Roll Assessments Receivable Due From Other Funds
Series 2021A1 Debt Service Reserve Series 2021A2 Debt Service Reserve Series 2021A Revenue
Series 2021A2 Interest Series 2021A1 Prepayment Series 2021A2 Prepayment
Accounts Receivable - Due from Developer Series 2021A Acquisition/Construction Deposits
Total Current Assets

$

508,844.25
72,187.85
128,796.41
70.58
4,350.00

$

508,844.25
72,187.85
128,796.41
70.58
4,350.00
90,318.42
99,415.48
326,871.88
62,500.00
546,353.64
1,102.10
163.16
177,058.26
5,763.46
4,632.41
50.00

$

90,318.42
99,415.48
326,871.88
62,500.00
546,353.64
1,102.10
163.16
177,058.26

$

5,763.46
4,632.41
50.00

$

714,249.09

$

1,303,782.94

$

10,445.87

$

-

$

2,028,477.90

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$

1,114,049.04
13,935,950.96

$

1,114,049.04
13,935,950.96

$

-

$

-

$

-

$

15,050,000.00

$

15,050,000.00

$

714,249.09

$

1,303,782.94

$

10,445.87

$

15,050,000.00

$

17,078,477.90

Total Assets

Page 1 of 8

Laurel Road CDD
Statement of Financial Position As of 12/31/2025

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Liabilities and Net Assets

Current Liabilities
Accounts Payable
Deferred Revenue - On-Roll Deferred Revenue - Off-Roll Deferred Revenue Accounts Payable Retainage Payable Deferred Revenue
Total Current Liabilities

$

110,169.93
72,187.85
128,796.41

$

110,169.93
72,187.85
128,796.41
90,318.42
9,275.96
91,992.19
5,763.46

$

90,318.42

$

9,275.96
91,992.19
5,763.46

$

311,154.19

$

90,318.42

$

107,031.61

$

-

$

508,504.22

Long Term Liabilities
Revenue Bonds Payable - Long-Term
Total Long Term Liabilities

$

15,050,000.00

$

15,050,000.00

$

-

$

-

$

-

$

15,050,000.00

$

15,050,000.00

$

311,154.19

$

90,318.42

$

107,031.61

$

15,050,000.00

$

15,558,504.22

Total Liabilities

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$

(16,545.33)
(8,195.92)

$

(16,545.33)
(8,195.92)

Net Assets - General Government
Current Year Net Assets - General Government

126,143.91
301,692.24

126,143.91
301,692.24

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$

1,142,003.21
71,461.31

1,142,003.21
71,461.31

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$

(99,574.77)
2,989.03

(99,574.77)
2,989.03

$

403,094.90

$

1,213,464.52

$

(96,585.74)

$

-

$

1,519,973.68

Total Net Assets

Total Liabilities and Net Assets

$

714,249.09

$

1,303,782.94

$

10,445.87

$

15,050,000.00

$

17,078,477.90

Page 2 of 8

Laurel Road CDD Statement of Activities As of 12/31/2025

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Revenues

On-Roll Assessments Off-Roll Assessments
Other Income & Other Financing Sources On-Roll Assessments
Other Assessments Developer Contributions
Total Revenues

$

449,480.70
128,796.41
1,056.15

$

449,480.70
128,796.41
1,056.15
562,371.45
206,503.25
19,792.75

$

562,371.45
206,503.25

$

19,792.75

$

579,333.26

$

768,874.70

$

19,792.75

$

-

$

1,368,000.71

Expenses

Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Disclosure District Counsel
Assessment Administration Travel and Per Diem Postage & Shipping
Legal Advertising Miscellaneous
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees Lifestyle Staff
Resident Services Electric Clubhouse Electric Clubhouse Water Water Reclaimed
Stormwater Management Wetlands Mitigation
Amenity - Telephone

$

3,000.00
2,870.00
709.65
13,875.00
250.00
1,314.00
5,500.00
72.52
0.74
353.25
65.37
480.00
23,860.86
175.00
21,629.58
4,946.08
295.31
6,300.03
8,376.52
594.18
8,167.64
3,200.00
296.56

$

3,000.00
2,870.00
709.65
13,875.00
250.00
1,314.00
5,500.00
72.52
0.74
353.25
65.37
480.00
23,860.86
175.00
21,629.58
4,946.08
295.31
6,300.03
8,376.52
594.18
8,167.64
3,200.00
296.56

Page 3 of 8

Laurel Road CDD Statement of Activities As of 12/31/2025

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Amenity - Cable TV / Internet / Wi-Fi Amenity - Landscape Maintenance Amenity - Irrigation Repairs
Amenity - Pool Maintenance Amenity - Access Control Amenity - Janitorial
Amenity - Pest Control
Amenity - Fitness Equipment Leasing Amenity - Security
Amenity - Office Equipment Leasing Amenity - Capital Outlay
Amenity - Miscellaneous
Amenity - AC Maintenance and Equipment Amenity - Gas
Amenity - Operations
Amenity - Fireplaces and Barbecue Gate Internet Service
General Insurance
Property & Casualty Insurance Other Insurance
Irrigation
Lake Maintenance
Landscaping Maintenance & Material Landscape Improvements
Fertilizer / Pesticides Contingency
Lake Bank Mowing
Gate - Repairs & Maintenance Dog Waste Stations
Capital Expenditures
Street Sweeping Streetlights

$

4,952.76
9,886.23
720.00
4,835.98
1,538.46
8,678.60
1,113.55
7,395.51
8,677.62
1,031.24
163.72
1,091.30
1,859.40
113.05
1,034.81
16.65
3,321.22
3,508.00
36,328.00
500.00
7,870.00
8,064.00
37,819.01
2,880.44
4,320.00
532.00
5,958.00
225.00
702.00
8,195.92
1,900.00
6,000.64

$

4,952.76
9,886.23
720.00
4,835.98
1,538.46
8,678.60
1,113.55
7,395.51
8,677.62
1,031.24
163.72
1,091.30
1,859.40
113.05
1,034.81
16.65
3,321.22
3,508.00
36,328.00
500.00
7,870.00
8,064.00
37,819.01
2,880.44
4,320.00
532.00
5,958.00
225.00
702.00
8,195.92
1,900.00
6,000.64

Page 4 of 8

Laurel Road CDD Statement of Activities As of 12/31/2025

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Series 2021 A2 Principal Payments Series 2021 A1 Interest Payments Series 2021 A2 Interest Payments Engineering
Contingency
Total Expenses

$

435,000.00
198,721.25
69,296.88

$

435,000.00
198,721.25
69,296.88
5,763.46
11,515.66

$

5,763.46
11,515.66

$

287,565.40

$

703,018.13

$

17,279.12

$

-

$

1,007,862.65

Other Revenues (Expenses) & Gains (Losses)

Interest Income Dividend Income Dividend Income
Total Other Revenues (Expenses) & Gains (Losses)

$

1,728.46

$

1,728.46
5,604.74
475.40

$

5,604.74

$

475.40

$

1,728.46

$

5,604.74

$

475.40

$

-

$

7,808.60

Change In Net Assets

$

293,496.32

$

71,461.31

$

2,989.03

$

-

$

367,946.66

Net Assets At Beginning Of Year

$

109,598.58

$

1,142,003.21

$

(99,574.77)

$

-

$

1,152,027.02

Net Assets At End Of Year

$

403,094.90

$

1,213,464.52

$

(96,585.74)

$

-

$

1,519,973.68

Page 5 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 12/31/2025

FY 2026
Adopted Budget

YTD Actual

YTD Budget

YTD Variance

Percentage

Revenues
On-Roll Assessments Off-Roll Assessments
Other Income & Other Financing Sources Carryforward Cash
Net Revenues

$

449,480.70
128,796.41
1,056.15
21,812.50

$

130,417.14
64,398.21
- 21,812.50

$

319,063.56
64,398.20
1,056.15
-

$

521,668.55
257,592.82
- 87,250.00

86.16%
50.00%

25.00%

$

601,145.76

$

216,627.85

$

384,517.91

$

866,511.37

69.38%

General & Administrative Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management  Field Management Engineering Disclosure
District Counsel Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Telephone
Postage & Shipping Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Holiday Decorations IT Services
Dues, Licenses, and Fees Lifestyle & Maintenance Staff Resident Services
Total General & Administrative Expenses

$

3,000.00
2,870.00
709.65
13,875.00
-
- 250.00
1,314.00
5,500.00
-
-
-
- 72.52
- 0.74
353.25
65.37
- 480.00
23,860.86
- 175.00
21,629.58
4,946.08

$

3,000.00
778.55
1,061.08
13,875.00
3,750.00
1,500.00
250.00
5,000.00
1,375.00
31.25
1,425.00
125.00
15.81
125.00
175.00
125.00
1,375.00
250.01
125.00
780.00
6,250.00
125.00
43.75
13,573.70
1,874.60

$

- 2,091.45
(351.43)
- (3,750.00)
(1,500.00)
- (3,686.00)
4,125.00
(31.25)
(1,425.00)
(125.00)
(15.81)
(52.48)
(175.00)
(124.26)
(1,021.75)
(184.64)
(125.00)
(300.00)
17,610.86
(125.00)
131.25
8,055.88
3,071.48

$

12,000.00
3,114.20
4,244.31
55,500.00
15,000.00
6,000.00
1,000.00
20,000.00
5,500.00
125.00
5,700.00
500.00
63.24
500.00
700.00
500.00
5,500.00
1,000.00
500.00
3,120.00
25,000.00
500.00
175.00
54,294.80
7,498.40

25.00%
92.16%
16.72%
25.00%
0.00%
0.00%
25.00%
6.57%
100.00%
0.00%
0.00%
0.00%
0.00%
14.50%
0.00%
0.15%
6.42%
6.54%
0.00%
15.38%
95.44%
0.00%
100.00%
39.84%
65.96%

$

79,102.05

$

57,008.75

$

22,093.30

$

228,034.95

34.69%

Page 6 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 12/31/2025

FY 2026
Adopted Budget

YTD Actual

YTD Budget

YTD Variance

Percentage

Field Expenses (Inside the Gate; SF)
Electric
Water Reclaimed Stormwater Management Wetland Mitigation Equipment Rental
Gate Internet Service General Insurance
Property & Casualty Insurance Other Insurance
Irrigation - Repair and Maintenance Lake Maintenance
Landscaping Maintenance & Material Landscape Improvements
Fertilizer / Pesticides Contingency
Lake Bank Mowing
Gate - Repairs & Maintenance Mulch
Storm Cleanup
Storm Landscape Replacement Security Monitoring
Dog Waste Stations Mailbox Maintenance Capital Expenditures Street Sweeping Lighting
Streetlights - Leasing Bike Share Maintenance Golf Cart Maintenance
Total Field Expenses (Inside the Gate; Only SF)

$

221.48
445.64
8,167.64
3,200.00
- 3,321.22
2,631.00
27,246.00
500.00
5,902.50
6,048.00
28,364.26
2,160.33
3,240.00
532.00
5,958.00
225.00
-
-
-
- 702.00
- 6,146.94
1,900.00
- 4,500.48
-
-

$

1,875.00
937.50
500.00
2,250.00
281.25
500.00
713.50
3,798.94
- 4,680.00
4,500.00
26,583.01
3,750.00
3,240.00
4,350.00
- 875.00
1,250.00
1,875.00
2,812.50
7,500.00
702.00
50.00
1,875.00
3,000.00
187.50
7,560.00
625.00
281.25

$

(1,653.52)
(491.87)
7,667.64
950.00
(281.25)
2,821.22
1,917.50
23,447.06
500.00
1,222.50
1,548.00
1,781.25
(1,589.67)
- (3,818.00)
5,958.00
(650.00)
(1,250.00)
(1,875.00)
(2,812.50)
(7,500.00)
- (50.00)
4,271.94
(1,100.00)
(187.50)
(3,059.52)
(625.00)
(281.25)

$

7,500.00
3,750.00
2,000.00
9,000.00
1,125.00
2,000.00
2,854.00
15,195.75
- 18,720.00
18,000.00
106,332.03
15,000.00
12,960.00
17,400.00
- 3,500.00
5,000.00
7,500.00
11,250.00
30,000.00
2,808.00
200.00
7,500.00
12,000.00
750.00
30,240.00
2,500.00
1,125.00

2.95%
11.88%
408.38%
35.56%
0.00%
166.06%
92.19%
179.30%

31.53%
33.60%
26.68%
14.40%
25.00%
3.06%

6.43%
0.00%
0.00%
0.00%
0.00%
25.00%
0.00%
81.96%
15.83%
0.00%
14.88%
0.00%
0.00%

$

111,412.49

$

86,552.45

$

24,860.04

$

346,209.78

32.18%

Field Expenses (Outside the Gate; MF)
Electric
Water Reclaimed Equipment Rental General Insurance
Property & Casualty Insurance Irrigation - Repair and Maintenance Lake Maintenance
Landscaping Maintenance & Material Landscape Improvements
Fertilizer / Pesticides Storm Cleanup
Storm Landscape Replacement Capital Expenditures
Lighting
Streetlights - Leasing Golf Cart Maintenance
Total Field Expenses (Outside the Gate; MF)

$

73.83
148.55
- 877.00
9,082.00
1,967.50
2,016.00
9,454.75
720.11
1,080.00
-
- 2,048.98
- 1,500.16
-

$

625.00
312.50
93.75
237.83
1,266.31
1,560.00
1,500.00
8,861.00
1,250.00
1,080.00
625.00
937.50
625.00
62.50
2,520.00
93.75

$

(551.17)
(163.96)
(93.75)
639.17
7,815.69
407.50
516.00
593.75
(529.89)
- (625.00)
(937.50)
1,423.98
(62.50)
(1,019.84)
(93.75)

$

2,500.00
1,250.00
375.00
951.34
5,065.25
6,240.00
6,000.00
35,444.01
5,000.00
4,320.00
2,500.00
3,750.00
2,500.00
250.00
10,080.00
375.00

2.95%
11.88%
0.00%
92.19%
179.30%
31.53%
33.60%
26.68%
14.40%
25.00%
0.00%
0.00%
81.96%
0.00%
14.88%
0.00%

$

28,968.88

$

21,650.14

$

7,318.74

$

86,600.59

33.45%

Page 7 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 12/31/2025

FY 2026
Adopted Budget

YTD Actual

YTD Budget

YTD Variance

Percentage

Vistera - Amenity Expenses
Clubhouse Electric Clubhouse Water Amenity - Telephone
Amenity - Cable TV / Internet / Wi-Fi Amenity - Landscape Maintenance Amenity - Irrigation Repairs
Amenity - Pool Maintenance
Amenity - Access Control Maintenance Amenity - Pool Equipment
Amenity - Cleaning Amenity - Pest Control
Amenity - Fitness Equipment Leasing Amenity - Security Monitoring Amenity - Office Equipment Leasing Amenity - Capital Outlay
Amenity - Miscellaneous
Amenity - A/C Maintenance and Equipment Amenity - Gas
Amenity - Operations
Amenity - Fireplaces and Barbecue
Total Vistera - Amenity Expenses

$

6,300.03
8,376.52
296.56
4,952.76
9,886.23
720.00
4,835.98
1,538.46
- 8,678.60
1,113.55
7,395.51
8,677.62
1,031.24
163.72
1,091.30
1,859.40
113.05
1,034.81
16.65

$

2,500.00
3,750.00
2,190.00
3,250.00
5,000.00
2,500.00
4,656.00
375.00
250.00
9,650.00
1,500.00
7,545.51
1,525.00
1,250.00
1,875.00
625.00
375.00
350.00
2,000.00
250.00

$

3,800.03
4,626.52
(1,893.44)
1,702.76
4,886.23
(1,780.00)
179.98
1,163.46
(250.00)
(971.40)
(386.45)
(150.00)
7,152.62
(218.76)
(1,711.28)
466.30
1,484.40
(236.95)
(965.19)
(233.35)

$

10,000.00
15,000.00
8,760.00
13,000.00
20,000.00
10,000.00
18,624.00
1,500.00
1,000.00
38,600.00
6,000.00
30,182.04
6,100.00
5,000.00
7,500.00
2,500.00
1,500.00
1,400.00
8,000.00
1,000.00

63.00%
55.84%
3.39%
38.10%
49.43%
7.20%
25.97%
102.56%
0.00%
22.48%
18.56%
24.50%
142.26%
20.62%
2.18%
43.65%
123.96%
8.08%
12.94%
1.67%

$

68,081.99

$

51,416.51

$

16,665.48

$

205,666.04

33.10%

Total Expenses

 $	287,565.40 

 $  216,627.85 

 $	70,937.55 

 $  866,511.36 

	33.19%

Other Revenues (Expenses) & Gains (Losses)

Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$

1,728.46

$

-

$

1,728.46

$

-

$

1,728.46

$

-

$

1,728.46

$

-

Net Income (Loss)

$

315,308.82

$

-

$

315,308.82

$

-

Page 8 of 8

Laurel Road Community Development District

Consideration of Purchase and Sale Agreement with JT Transport Services, LLC
for Fill Material

PURCHASE AND SALE AGREEMENT

This PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into this    day of February, 2026 (the “Effective Date”), by and between the Laurel Road Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes (“District”), and JT Transport Services, LLC (“Purchaser”).

WITNESSETH:

WHEREAS, Vistera Associates, LLC, a Florida limited liability company ("Vistera") is the fee simple owner of certain real property located in Sarasota County, Florida, more particularly illustrated in Exhibit A attached hereto and incorporated herein (the “Excavation Area”), and;

WHEREAS, the District is the governing agency with jurisdiction over the Evacuation Area and desires to assist Seller by facilitating the performance of this Agreement and thereby confirm that excavation and removal of fill material is accomplished in a safe manner for the benefit of all residents and property owners within the District, and;

WHEREAS, Purchaser is the owner of the real property or proceeding with a roadway project located in Sarasota County ("Laydown Area"), and;

WHEREAS, Vistera desires to remove stockpile fill material [excluding rock or materials other than soil dirt and sand excavated solely from the Excavation Area] and to sell the fill material to the Purchaser (the "Fill Material"), and;

WHEREAS, Vistera intends to remove

approximately 75,000 cubic yards of Fill

Material from the Excavation Area and Purchaser shall transport such fill material to the Laydown Area;

WHEREAS, Purchaser desires to purchase 75,000 cubic yards and will arrange for the delivery of Fill Material to the Laydown Area as determined by Purchaser and Purchaser shall acquire such Fill Material, all in accordance with the later terms of this Agreement, and;

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

1.

Recitals. That the above recitals are true and correct and are hereby incorporated

herein.

2.

Grant of License; Notice of Delivery; Termination. Vistera does hereby grant

to Purchaser, its contractors, subcontractors, materialmen, and invitees, a license to access and

use the Evacuation Area and other portions of Vistera’s property necessary to obtain access to the Evacuation Area, provided however, the location of the area of temporary access shall be determined by Vistera in its sole discretion as illustrated on Exhibit A, but, shall not include the use of any paved streets within the overall project. Within twenty (20) days of the delivery and

placement of Fill Material on the Laydown Area, Purchaser shall provide Vistera written confirmation of the quantity of Fill Material delivered to the Laydown Area, including the number of truck loads delivered. This license shall terminate upon the earlier of (i) delivery of written confirmation from Purchaser to Vistera of the number of truck loads and the quantity of Fill Material delivered, or (ii) sixty (60) days following the Effective Date. All work authorized under this Agreement shall be complete within sixty (60) days following the Effective Date.

3.

Pre-Inspection of Fill Material. Purchaser shall conduct inspection of the Fill

Material, including soil sampling and lab testing for proctor tests prior to excavation. Purchaser

may, at its option, decline to purchase the Fill Material if pre-inspection test results indicate that the Fill Material is not consistent with the standards of this Agreement or otherwise deemed unacceptable to Purchaser. Vistera makes no representation or warranty as to the quality of the Fill Material or its utility for any purpose, and Purchaser understands, acknowledges, and agrees that it is relying upon its own inspection to determine quality and utility of purpose.

4.

Maintenance, Repair and Use. During the term of this Agreement, Purchaser

shall be responsible for the maintenance of the Laydown Area and shall provide for usual and

customary dust control for the Evacuation Area and the area of access utilized by Purchaser to transport the Fill Material. Purchaser shall be permitted to recover the Fill Material solely during business hours which shall mean Monday to Friday between 8 AM and 5 PM, Saturday between 9 AM and 3 PM. No work shall occur on Sunday.

5.

Purchase Price. Purchaser agrees to purchase the Fill Material delivered to the

Laydown Area under the terms of this Agreement. Purchaser shall deliver the Purchase Price (defined below) to Vistera in cash by wire transfer of collected funds, and (iii) Vistera and Purchaser shall execute and deliver such other usual and customary documents as are reasonably necessary under the circumstances. Each party shall pay their own attorneys' fees and costs. Vistera and Purchaser further agree as follows:

a.

The total purchase price shall be Fifty Nine and 50/100 Dollars ($59.50)

for each truck load of Fill Material acquired by Purchaser.

b.

Within thirty (30) days following the completion of delivery of the Fill

Material to the Laydown Area, Purchaser shall pay to Vistera the Purchase Price.

6.

Insurance.

Purchaser shall procure and maintain commercial general liability

and property damage insurance against claims for personal injury (including contractual liability arising under the indemnities contained in this Agreement), death, or property damage occurring

in connection with Purchaser’s recovery and transportation of the Fill Material, with single limit coverage of not less than an aggregate of Two Million Dollars ($2,000,000.00) including umbrella coverage, if any, and naming Vistera, or its designee, as an additional insured. Prior to recovery of the Fill Material, Purchaser shall provide Vistera with a certificate of insurance evidencing that Purchaser is maintaining the insurance required under this Agreement.

7.

Relationship of the Parties.

Nothing herein contained shall be deemed or

construed as creating the relationship of principal and agent, or of partnership or joint venture, between Vistera and Purchaser.

8.

Governing Law; Venue.

The parties agree that this Agreement shall be

construed, and the rights and obligations of the parties under the Agreement shall be determined,

in accordance with Florida law without regard to choice of law doctrines.	Venue for any litigation shall be in a state court of competent jurisdiction in and for Sarasota County, Florida.

9.

Waiver. No waiver by any party of another party’s breach of any term, covenant

or condition contained in this Agreement shall be deemed to be a waiver of any subsequent breach of the same or any other term, covenant or condition of this Agreement.

10.

General Matters. Vistera and Purchaser further agree as follows:

a.

No Right to Lien. Purchaser shall insure that the Evacuation Area and the

area used for access shall at all times be kept free and clear of all mechanic’s, materialmen’s,

contractor’s, labor and/or other liens or claims of liens, and Purchaser agrees to indemnify and save harmless Vistera from any and all liens and claims of lien.

b.

No Recording.	Vistera and Purchaser acknowledge and agree that this

Agreement shall not be recorded.

c.

No Assignment. This Agreement is personal to Purchaser and may not be

assigned or conveyed. Provided however, Purchaser may assign its rights in this Agreement to

its contract vendee of the Laydown Area from time to time and shall provide Vistera notice of any such assignment.

d.

Risk of Loss.  Vistera does not warrant or represent that the Evacuation

Area is safe or suitable for the purpose which is intended to be used by Purchaser, and Purchaser

expressly assumes all such risk and all risks associated with use of the Evacuation Area and the area used for access to the Evacuation Area.

e.

Attorneys’ Fees. In the event a party to this Agreement institutes any legal

action or proceeding for the enforcement of any right or obligation herein contained, the

prevailing party after a final adjudication shall be entitled to recover its reasonable costs and reasonable attorneys’ fees incurred in the preparation and prosecution of such action or proceeding, including any such costs or fees incurred in connection with settlement, in any bankruptcy case or proceeding, before trial, at trial or on appeal.

IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year set forth above.

[Signature Page To Follow]

[Signature Page To Purchase and Sale Agreement]

JT Transport Services, LLC, a Florida limited liability company

By: 		 Thomas K. Falgiano
Its:  Manager and Managing Member

Signature

Print Name

Signature

Print Name

“The District”

WITNESSES:

Laurel Road Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes

By:	 As its Chair

Signature of Witness

PrintName	

Print Name

EXHIBIT A

Illustration of Excavation Area

Laurel Road Community Development District

Staff Reports

February Story board- Field Operations

Vistera

Summary

Identified landscaping improvement needs Replaced firepit at amenity
Continued to work with lifestyle director to address issues as they arise in the amenity and throughout the community
Homeowner inquires are low and being addressed in a timely manner
Construction Site conditions are good

•
•
•

•

•

Community Photos

Community Photos

Common Issues being addressed

Monthly Summary Report

January 2026

Submitted by Sydney Pollock, Lifestyle Director
&
Alex Murphy, Sr. Regional Director, Lifestyle & Residential

Featured Lifestyle Programs & Events

LA DOLCE VISTERA: NEW YEAR, NEW YOU

24 t h

Saturday, January 11 am - 2 pm

WINTER IMAGINATION STATION
Tuesday, January 20 th 5 : 30 pm - 7 : 00 pm
Winter Imagination Station invited kids to explore, create, and play through a series of hands-on, winter-themed sensory stations. Each child received a Snow Day Passport and set off to explore activities like snow globe making, puffy painting, a winter sand sensory box, faux snow creation, and an energetic snowball-throwing station. As they moved from station to station, kids collected a sticker for every activity they completed, filling their passports along the way. Adding to the fun, the evening turned out to be especially chilly, making the winter experience feel even more magical.

La Dolce Vistera marked Vistera’s first fitness/wellness-themed event and kicked off our new quarterly mini-market series, which will be seasonally themed throughout the year. This three-hour experience brought residents together for a relaxing and energizing focus on health and self-care. The event featured a variety of wellness vendors and services, including free massages provided by Massage Envy, a complimentary workout class from Burn Boot Camp, EVOX therapy sessions with HighNote Counseling, acupuncture demonstrations, and Dirty prebiotic sodas available for purchase from Toast & Sip LLC.

GLOW IN THE DARK WINTER BASH
Friday, January 9 th 6 pm - 9 pm

Families came together for a fun, glow-filled evening of games, crafts, and treats. Kids and adults alike decorated T-shirts at the glow paint station and got creative with the self-guided glow face painting, showing off their bright, glowing designs. With colorful outfits, glowing accessories, and an upbeat playlist in the background, the night was full of laughter, fun, and a great sense of community.

Guests also enjoyed our very first special event yoga class with Annemarie, Vistera’s new Speacial Event Yoga instructor, who was instantly adored by residents. From movement to mindfulness, La Dolce Vistera offered a refreshing opportunity to recharge, connect, and celebrate wellness as a community.

Engage Lifestyle Programming

DATE(S)

PROGRAM DETAILS

ADDITIONAL NOTES

Sat. January 3

Food Truck Visit: Harvest Heart

15+ Purchases

Wed. January 7th

Bunco Club

Club Meeting

Fri. January 9th

Glow in the Dark Winter Bash

16 Attendees

Tue. January 13th

Tuesday Card & Tile Club

Club Meeting

Sat. January 17th

Moms of Vistera Club

Club Meeting

Tue. January 20th

Winter Imagination Station

15-20 Attendees

Sat. January 24th

La Dolce Vistera: New Year, New You

Roughly 30 Attendees

Mon. January 26th

Vistera Page Turners

Club Meeting

Tue. January 27th

Tuesday Card and Tile Club

Club Meeting

Facility Utilization

The Club at Vistera experienced a decline in resident usage during January, likely due to several contributing factors:

January was unusually cold, with temperatures dropping to 30–40°F. Although the pool is heated, many residents prefer not to swim in such chilly weather.
Additionally, January follows the holiday season, and many residents are away visiting family or traveling out of state, which further reduces not only Event attendance but Amenity utilization as well.

SPACE

AVERAGE BY DAY

Fitness Center

9-16 Times

Club Lounge

1-4 Times

Game Room

1-4 Times

Pool

1-4 Times

Kids Corner

1-4 Times

Facility Operations & Maintenance

SPACE

ITEM

STATUS

Club Lounge

Indoor fireplace non-operational

Requested

Loggia Patio

Outdoor Fireplace: Fixed/Replaced on 1/19/26; working with NLN Marketing Team on new instructional signage

Completed

Game Room - Lounge

Roku 3 needs replacement, Lifestyle Director working with SafeTouch for ordering

In Progress

Loggia Patio

Kids Corner added on Loggia Patio with Sand Table, Water Table, Activity Table, Number Counting Mat, and Soft Climbing Furniture

Completed

HVAC System for Club

Club Lounge was not cooling in December. Tri-County Air replaced the air compressor in the outdoor unit this month.

Completed

Vehicular Gates

Gates remain closed until 9 am on Saturdays. SafeTouch has been onsite to fix several times.

In Progress

Club A/V

Control4 experiencing techical issues. Music cannot be turned down, and does not automatically turn on to selected station in the morning.

Requested

Customer Service & Staffing

FEEDBACK

COMMENT

ACTION TAKEN

Positive

Residents shared that they loved Special Events Yoga Instructor, Annemarie, and her yoga class made them feel really relaxed and zen.

Sydney is planning future events with Annemarie to bring to the Vistera community.

Positive

Residents Keith H. and Candi M. shared they loved seeing fitness incorporated into the Club, and absolutely
love the Vistera community as a whole. They try to come
to as many events as they can, and they shared their favorite thus far has been “ A Champagne Affair.”

Sydney will continue to create fitness based events, and will explore other partnerships in the local community to offer a multitude of classes.

Positive

Resident Marisa V. shared that her children thinks “Ms. Sydney is really fun. She also appreciates how Ms.
Sydney is always eager to have fun and play with the
kids. Marisa mentioned that she watched from afar in the Club during the Glow in the Dark Bash so her children could feel free to be themselves without feeling shy.”

Sydney thoroughly thanked Marisa for coming to the event and for her kind words.

COMMUNITY IN ACTION

Forecast

CURRENT ACTION ITEMS

RESPONSIBILITY

DUE DATE

E-Bike Share Program

Solidify guidelines and procedures for usage, and launch program for residents and their guests

End of February

Parade of Homes

Select and purchase balloon arrangements for each model home

End of February

Purchase “Fun” Additions for Amenity Center

Pool Loungers, Built-Ins for Conference Room, Outdoor Ping Pong Table

March

PROGRAM DETAILS

STATUS

Food Truck Visit - Rollin With Hart

February Event

After Dark: Lantern Release

February Event

Super Bowl Bash

February Event

Melt My Heart Party

February Event

President’s Day Plunge

February Event

Flapjacks & Fizz - 21+ Event

February Event