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 and Auditor Selection Committee Meeting of the Laurel Road Community Development District scheduled to be held Wednesday, June 10, 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.

Minutes of the May 13, 2026, Board of Supervisors’ Meeting

C&M Road Builders Purchase Requisition for Atlantic TNG Sales Order

Voltaire Proposal for E-Bike Maintenance Payment Authorization Nos. 143 – 147
Funding Request Nos. 210 – 212 District Financial Statements

2.

Appointment of Auditor Selection Committee

Business Matters
Consideration of Series 2026 Bonds Documents:
Supplemental Assessment Methodology Report (June 2026)
Final Pricing Numbers (June 24, 2026)
Update on the Laurel Road Widening Project

Other Business
Staff Reports
District Counsel




District Engineer District Manager
Next meeting: July 8, 2026 Field Services Operation Manager Lifestyle Director




Supervisor Requests and Comments

Adjournment

AUDITOR SELECTION COMMITTEE MEETING AGENDA

1.
2.

Roll Call to Confirm a Quorum
Review and Approval of Audit Documents
Audit RFP Notice
Instructions to Proposers
Evaluation Criteria – with and without price Adjournment

3.

Laurel Road Community Development District

Consent Agenda

Laurel Road Community Development District

Minutes of the May 13, 2026, Board of Supervisors’ Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Wednesday, May 13, 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

Also present:
Vivian Carvalho Kwame Jackson Amanda Lane Kevin Plenzler Kim Ashton Tom Panaseny John Wollard John McKay
Bobbi Claybrooke Andy Richardson Sydney Pollock
Kendall Bulleit

PFM MS – District Manager PFM MS – ADM
PFM MS – District Accountant PFM MS
Vogler Ashton – District Counsel
Neal Land & Neighborhoods – Developer Neal Land & Neighborhoods – Developer
J.H. McKay, LLC – Consultant
AM Engineering – District Engineer
Neal Land & Neighborhoods – Developer WTS – Lifestyle Director
MBS

(via phone) (via phone) (via phone) (via phone)
(via phone)

(via phone) (via phone) (via phone)
(via phone)

FIRST ORDER OF BUSINESS

Administrative Matters

Roll Call

The Board of Supervisors’ Meeting for Laurel Road CDD was called to order at 12:35 p.m. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no members of the public present.

Consent Agenda Items #1 – 13

1 | P age 

1.

Minutes of the April 8, 2026, Board of Supervisors’ Meeting
C&M Road Builders Proposal for Phase 2 DPO Material
C&M Road Builders Proposal for Phase 2 Lift Station Pumps Cornerstone Proposal for Phase 2 Stormwater Pollution Prevention Plan
Impact Proposal for Hong Kong Orchid Tree Replacement
Impact Proposal for Model Row Tree Replacements

2.

3.

4.

5.

6.

7.

Kimley-Horn

Agreement

for

Mitigation Monitoring

8.

Purchase	and	Sale	Agreement with Milestone Supply, LLC

9.

Safetouch Proposal for Amenity Door Strike Replacement

10. Safetouch	Proposal	for	Kiosk Relocation

Payment Authorization Nos. 140 –
143
Funding Request Nos. 206 – 209
District Financial Statements

The Board reviewed the consent agenda items.

SECOND ORDER OF BUSINESS

Consideration of Resolution 2026-02, Approving a Preliminary Budget for Fiscal Year 2027, and Setting a Public
Hearing Date

Ms. Carvalho noted the recommended date to hold the Public Hearing is August 12, 2026, at 12:30 p.m., at the current location.

Ms. Carvalho gave an overview of the Resolution and noted it has been reviewed by the Development Team and District Staff.

Ms. Lane noted the net revenue of the preliminary budget is $1,189,127.91. This is an increase and the residents will receive notice.

2 | P age 

ON MOTION by Mr. Weidemiller, seconded by Mr. Williams, with all in favor, the Board approved the Consent Agenda items 1 - 13.

The Board reviewed the budget. Ms. Snow noted there are areas where the budget can be reduced.

Ms. Snow noted that a full-time employee and two part-time employees are included within the budget.

Mr. Williams recommended reviewing the District Counsel line item and gave a brief overview of the assessment roll process.

The Board reviewed the proposed assessments.

Ms. Lane noted there was an adjustment of $3.50 in the net income. The net revenue budget was adjusted to $1,189,124.41.

There was brief discussion regarding the assessment increase and communication with residents.

Review of Letter from Supervisor of Elections, Sarasota County

Ms. Carvalho noted that as of April 15, 2026, there are 310 registered voters within the District.

Consideration of Resolution 2026-03, Designating Board Member Seats for the 2026 General Election

Ms. Carvalho noted the District has met the threshold to have Seats run in the General Election. Seat 1, currently held by Mr. Weidemiller, Seat 3, currently held by Mr. Blakley, and Seat 5, currently held by Mr. Leianweaver, are all up for the General Election.

3 | P age 

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board accepted the Letter from the Supervisor of Elections, Sarasota County.

ON MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved Resolution 2026-02, Approving a Preliminary Budget for Fiscal Year 2027, and Setting a Public Hearing Date for August 12, 2026, at 12:30 p.m., in the Training Room, with a net revenue budget of $1,189124.41.

There was brief discussion regarding what Seats will run for General Election. Seat 1 will run in the Landowner’s Election.

Ms. Carvalho gave an overview of the General Election process. It was noted the Seats will rollover if no one runs. The Board will have 90 days from the General Election to appoint a registered voter to the Board.

Consideration of Resolution 2026-04, Designating a Date, Time and Location for the 2026 Landowner’s Meeting

Ms. Carvalho noted that Seat 1 will run in the Landowner’s Meeting. This Seat has a four year term. The date of the Landowner’s Meeting will be November 18, 2026.

There was brief discussion regarding the number of registered voters.

Consideration Engineer’s Report

of

Supplemental

Mr. Panaseny noted this is regarding the completion of Phase 2.

Mr. Williams noted there are 190 units within Phase 2 and the public infrastructure is totaled at
$10,964,948.05. It was noted there was a typo on the related Series of bonds.

Ms. Bulleit noted Ms. Claybrooke will be making the adjustments noted.

4 | P age 

ON MOTION by Mr. Weidemiller, seconded by Ms. Snow, with all in favor, the Board approved Resolution 2026-04, Designating a Date, Time, and Location for the 2026 Landowner’s Meeting, with a date of November 18, 2026, at the current location.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved Resolution 2026-03, Designating Board Member Seats 3 and 5, for the 2026 General Election.

Consideration

of

Supplemental

Assessment Methodology Report

Mr. Plenzler gave an overview of the report. It was noted this is related to the Series 2026 bonds and the assessments will be allocated according to the adopted methodology.

Consideration	of	Resolution	2026-05, Bond Delegation Award Resolution

Ms. Ashton gave an overview of the Resolution. This is related to a second Supplemental Bond Indenture with a not to exceed of $6 million and is within the parameters of the Supplemental Engineers Report and Supplemental Assessment Methodology Report.

Review and Acceptance of FY 2025 Audit Report

Ms. Carvalho gave an overview of the auditing process and report. Once approved, the report is filed with Auditing General and posted on the District’s website.

5 | P age 

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved Resolution 2026-05, Bond Delegation Award Resolution.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the Supplemental Assessment Methodology Report.

ON MOTION by Mr. Weidemiller, seconded by Mr. Williams, with all in favor, the Board approved the Supplemental Engineer’s Report, with the noted amendments.

THIRD ORDER OF BUSINESS

Other Business

Staff Reports

District Counsel –

No report.

District Engineer –

Not present.

District Manager –

Ms. Carvalho noted the next Board meeting is scheduled for June 10, 2026, at 12:30 p.m.

Field Services Operation Manager – Not present.

Lifestyle Director – No report.

Audience	Comments	and	Supervisor Requests

Mr. Weidemiller noted he is resigning from the consultant agreement, and Mr. Wollard will be taking over as the consultant. He noted there are several items that need review.

There were no further comments or requests at this time.

FOURTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

6 | P age 

ON MOTION by Mr. Williams, seconded by Ms. Snow, with all in favor, the Board accepted the FY 2025 Audit Report.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

7 | P age 

ON MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board of Supervisors’ Meeting for the Laurel Road Community Development District adjourned the meeting at 1:07 p.m.

Laurel Road Community Development District

C&M Road Builders Purchase Requisition for Atlantic TNG Sales Order

5/18/2026

Notes: Confirming order only. Pay from invoice.

Owner

Laurel Road Community Development District

Approval

Engineer

Kimley Horn/AM Engineering

Signature

Contractor

DNA Partners, L.L.C dba C&M Road Builders

Signature

Summary

Original PO Amount

$	290,599.00

PO Changes (+/-)

Revised PO

Less Previous Invoices

$	-

Current Invoices

$	290,599.00

Remaining PO Balance

$	(290,599.00)

Vistera Phase 2

Laurel Road CDD .P.O. #

VISCDDP2 #5

$	290,599.00

Vendor Name:

Atlantic TNG

Invoice #

Date

Amount

To Date Amount

Remaining

Tax Savings

Sales Order

5/18/2026

$	290,599.00

Exempt

$	290,599.00

$	-

DNA Partners, L.L.C dba C&M Road Builders

Vistera Phase 2

Attachment 1
Purchase Requisition Request Form

1.

Contact Person for the Material Supplier.

NAME: 	Atlantic TNG Attn: Lori Griffith	 ADDRESS: 		PO Box 729, Sarasota, Florida 34230	
TELEPHONE NUMBER: 	941-355-2988	

2.

Manufacturer or brand, model or specification number of the item.
	** See attached submittal package.	

3.

Quantity needed as estimated by CONTRACTOR.  ** See attached quote	

4.

The price quoted by the supplier for the construction materials identified above.
$ 290,599.00	

5.

The sales tax associated with the price quote. $ 0	

6.

Shipping and handling insurance cost. $  ** N/A	

7.

Delivery dates as established by CONTRACTOR. 	
OWNER: Laurel Road Community Development District	

Authorized Signature (Title)

Date

CONTRACTOR: 	DNA Partners, L.L.C. dba C&M Road Builders	

Authorized Signature (Title)

Project Manager

Date: 5/18/26

Vistera Phase 2

Attachment 2
Purchase Order

1.

SEE ATTACHED PURCHASE REQUISITION REQUEST FORM DATED  5/18/2026	
.

2.

Lakewood Ranch Stewardship District State of Florida
Sales Tax Exemption Certificate Number: 	85-8018367937C-5	
.

Laurel Road Community Development District is the Purchaser of the construction materials purchased pursuant to this Purchase Order. Supplier shall provide for the required shipping and handling insurance cost for delivery of the construction materials by the delivery date
specified in this Purchase Order.

OWNER:

Laurel Road Community Development District	

Authorized Signature (Title)

Date

CONTRACTOR:  DNA Partners, L.L.C. dba C&M Road Builders	

5/18/26	
Authorized Signature (Title) Project Manager

Date

Vistera Phase 2

Attachment 3
Certificate Of Entitlement

The undersigned authorized representative of  Laurel Road Community Development District	
		(hereinafter "Governmental Entity"), Florida Consumer's Certificate of Exemption Number 	85-8018367937C-5	, affirms that the tangible personal property purchased pursuant to Purchase Order Number from Atlantic TNG	 (Vendor) on or after
	5/18/26 (date) will be incorporated into or become a part of a public facility as part of a public works contract pursuant to contract # VISCDDP2 #5	 with  DNA Partners, L.L.C. dba C&M Road Builders (Name of Contractor) for the construction of 	Vistera Phase 2 in the City of Venice			
	.

Governmental Entity affirms that the purchase of the tangible personal property contained in the attached Purchase Order meets the following exemption requirements contained in Section

212.08(6),

F.S.,

and

Rule

12A-1.094,

F.A.C.:

You must initial each of the following requirements.

	 1. The attached Purchase Order is issued directly to the Vendor supplying the tangible personal property the Contractor will use in the identified public works.

2. The Vendor's invoice will be issued directly to Governmental Entity.

3. Payment of the Vendor's invoice will be made directly by Governmental Entity to the Vendor from public funds.

4. Governmental Entity will take title to the tangible personal property from the Vendor at the time of purchase or of delivery by the Vendor.

5. Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by the Vendor.

Governmental Entity affirms that if the tangible personal property identified in the attached Purchase Order does not qualify for the exemption provided in Section 212.08(6), F.S., and Rule 12A-1.094, F.A.C., Governmental Entity will be subject to the tax, interest, and penalties due on the tangible personal property purchased. If the Florida Department of Revenue determines that the tangible personal property purchased tax-exempt by issuing this Certificate does not qualify for the exemption, Governmental Entity will be liable for any tax, penalty, and interest determined to be due.

Vistera Phase 2

I understand that if I fraudulently issue this certificate to evade the payment of sales tax I will be liable for payment of the sales tax plus a penalty of 200% of the tax and may be subject to conviction of a third degree felony. Under the penalties of perjury, I declare that I have read the foregoing Certificate of Entitlement and the facts stated in it are true.

Signature of Authorized Representative

Title

Purchaser's Name (Print or Type)

Date

Federal Employer Identification Number: 	

Telephone Number:		

You must attach a copy of the Purchase Order to this Certificate of Entitlement. Do not send to the Florida Department of Revenue. This Certificate of Entitlement must be retained in the Vendor's and the Contractor's books and records.

	SALES ORDER	
PO BOX 729
SARASOTA, FL 34230
(941) 355-2988
www.AtlanticTNG.com

DATE:
BILL TO:

5/14/2026

REV 5/18/2026

PROJECT: VISTERA OF VENICE
COUNTY: SARASOTA

LAUREL ROAD CDD
C/O C&M
DAVID WEAVER 941-326-7571

ATTN:

48''Ø MANHOLES - 6" WALLS
COATED INSIDE WITH CS-55 (EXCEPT WHERE LINED) AND COATED OUTSIDE WITH CS-55
** INCLUDES THE FOLLOWING: ONE (1) SET OF LIFT PINS, SOG, Z-LOK CONNECTORS, A-LOK CONNECTORS,
(5) LUBRICANT **

1
4
1
4
4
2
5
2
3
1
23
23

0'-6'
6'-8'
8'-10'
10'-12'
12'-14'
14'-16'
16'-18'
18'-20'

# MH-23
# MH-22, MH-21, MH-13, MH-12
# MH-11
# MH-09, MH-10, MH-08, MH-18 # MH-17, MH-07, MH-05, MH-06 # MH-16, MH-26
# MH-03, MH-04, MH-20, MH-25, MH-19
# MH-01, MH-02

1,923.00
2,552.00
2,901.00
3,425.00
4,089.00
4,485.00
5,025.00
6,248.00
325.00
5,407.00
449.00
125.00

$1,923.00
$10,208.00
$2,901.00
$13,700.00
$16,356.00
$8,970.00
$25,125.00
$12,496.00
$975.00
$5,407.00
$10,327.00
$2,875.00

PRECAST INVERT FOR 48"Ø SAN MANHOLE (MAX BASE HT 4')

RAVEN 405 LINER MH-01

INSIDE #

USF

# 170-CE-ORS

HDPE INFLOW PROTECTORS (FOR ABOVE MANHOLES ONLY)
48''Ø MANHOLES - 6" WALLS
COATED INSIDE WITH CS-55 (EXCEPT WHERE LINED) AND COATED OUTSIDE WITH CS-55
** INCLUDES THE FOLLOWING: ONE (1) SET OF LIFT PINS, SOG, Z-LOK CONNECTOR, 1 LUBRICANT **

1
1

18'-20'
USF

# MH-01A
# 30" CAP1

5,405.00
1,658.00

$5,405.00
$1,658.00

60''Ø MANHOLES - 6" WALLS
COATED INSIDE WITH CS-55 (EXCEPT WHERE LINED) AND COATED OUTSIDE WITH CS-55
** INCLUDES THE FOLLOWING: ONE (1) SET OF LIFT PINS, SOG, Z-LOK CONNECTOR,
1 LUBRICANT **

0'-6'
USF

# MH-15, MH-14, MH-24
# 690-M

3
3
2
4
8

1,618.00
3,883.00
400.00
1,200.00
1,227.00

$4,854.00
$11,649.00
$800.00
$4,800.00
$9,816.00

PRECAST INVERT FOR 60"Ø SAN MANHOLE (MAX BASE HT 5') PALLET OF 2" PRECAST GRADE ADJUSTMENT RINGS (16 PER PALLET)
12" WIDE BOA TAPE EXTERNAL JOINT WRAP / 150' PER BOX

1

72''Ø LIFT STATION - 8" WALLS
COATED INSIDE AND COATED OUTSIDE WITH CS-55, XYPEX ADMIXTURE INSIDE
** INCLUDES THE FOLLOWING: 12" THICK BASE SLAB WITH 12" EXTENSIONS, CONNECTORS. ** SHIPPING 24.53 VF OF BARREL SECTION.
6" THICK TOP SLAB (HATCH BY CONTRACTOR)

16,400.00

$16,400.00

1

853.00

$853.00

AGRU LINER INSIDE
12" WIDE BOA TAPE EXTERNAL JOINT WRAP / 150' PER BOX

1
1

15,331.00
1,227.00

$15,331.00
$1,227.00

PLEASE NOTE: WE ARE REQUIRED TO SHIP THIS STRUCTURE COMPLETE. IF THE HATCH HAS NOT BEEN RECEIVED BY COMPLETION OF THIS PROJECT, AN ADDED FEE OF $600 WILL BE APPLIED TO COVER THE COST OF SHIPPING THE LIFT STATION TOP SLAB.

LIFT STATION	$300 CHARGE WILL APPLY IF AN ESCORT IS REQUIRED FOR LIFT STATION

QTY	DESCRIPTION	UNIT COST	AMOUNT

SANITARY

 STORM	

9

3' X 4' VALLEY GUTTER INLET, 6" WALL, 8" TOP	#ST 300-A, ST-300B, ST 300-C, ST 300-E, ST 300-G, ST 400-C, ST 500-C, ST 700-A, ST 700-C
4' X 6' VALLEY GUTTER INLET, 6" WALL, 8" TOP	#ST 300-D, ST 300-F, ST 300-H, ST 400-A, ST 400-B, ST 400-D, ST 500-A, ST 500-B, ST 500-D, ST 700-B, ST 700-D, ST 800-A, ST 800-B
USF# 5106-6149

2,765.00

$24,885.00

13

4,412.00

$57,356.00

22
1
1

1,003.00
1,887.00
349.00

$22,066.00
$1,887.00
$349.00

48''Ø MANHOLE TYPE P8, 5" WALL
USF# 170-H

#JB-01

 TOTAL	$290,599.00

LIFTING APPARATUSES ARE AVAILABLE UPON REQUEST, FOR AN ADDITIONAL CHARGE.

UNLESS SPECIFIED HEREIN, TESTING BY INDEPENDENT LABS IS NOT INCLUDED. IF REQUIRED, ADDITIONAL CHARGES WILL APPLY.
THANK YOU FOR THE OPPORTUNITY TO WORK WITH C&M ON THIS PROJECT.

MEGAN KITCHNER / EB
NOTES: 1) SALES ORDER MUST BE SIGNED AND RETURNED ALONG WITH NOTICE TO OWNER INFORMATION PRIOR TO FABRICATION. 2) PRICES DO NOT INCLUDE SALES TAX. 3) PRICES INCLUDE FREIGHT F.O.B. JOB SITE (IN FULL TRUCKLOAD QUANTITIES) UNLESS STATED OTHERWISE 4) BUYER RESPONSIBLE TO UNLOAD WHEN APPLICABLE. 5) EVERY EFFORT WILL BE MADE TO MEET SCHEDULED DATES, HOWEVER DELIVERY DATES ARE NOT GUARANTEED AND NOT SUBJECT TO BACKCHARGES. 6) PRICES CONTINGENT UPON APPROVAL OF SUBMITTAL DRAWINGS. 7) CONTRACT SUBJECT TO TERMS AND CONDITIONS OF ATLANTIC TNG, LLC.
8) FAILURE OF CONTRACTOR TO PAY ATLANTIC TNG TIMELY SHALL BE A DEFAULT AND ATLANTIC TNG, IN ADDITION TO OTHER REMEDIES, MAY UPON SEVEN (7) DAYS WRITTEN NOTICE STOP WORK PENDING PAYMENT. 9) NOTWITHSTANDING OTHER LANGUAGE IN ANY DOCUMENT, CONTRACTOR SHALL GIVE ATLANTIC TNG FIVE (5) DAYS WRITTEN NOTICE OF AND THE OPPORTUNITY PROMPTLY TO CURE ANY PROBLEM
WITH THE WORK THAT MAY BECOME THE SUBJECT OF A BACKCHARGE, OR SUCH BACKCHARGE SHALL BE WAIVED BY CONTRACTOR. 10) SUBJECT TO WARRANTIES, FINAL PAYMENT SHALL CONSTITUTE ACCEPTANCE OF THE WORK. 11) NOTWITHSTANDING OTHER LANGUAGE IN ANY DOCUMENT, PAYMENT TO CONTRACTOR BY OWNER IS NOT A CONDITION PRECEDENT TO CONTRACTOR’S PAYMENT TO ATLANTIC TNG. 12) IN NO EVENT SHALL THE CONTRACTOR REQUIRE ATLANTIC TNG TO PROVIDE AN UNCONDITIONAL WAIVER OR RELEASE OF CLAIM, EITHER PARTIAL OR FINAL, PRIOR TO RECEIVING PAYMENT OR IN AN AMOUNT IN EXCESS OF WHAT HAS BEEN PAID, AND ANY SUCH WAIVER OR RELEASE SHALL BE VOID. 13) ATLANTIC TNG CANNOT BE RESPONSIBLE FOR TYPOS OR OTHER ERRORS AND RESERVES THE RIGHT TO CANCEL ANY ORDERS ARISING FROM SUCH ERRORS.

PLEASE SIGN AND RETURN

CONFIRMING ORDER ONLY. PAY FROM INVOICE.

SIGNATURE

TITLE
TERM: Net 30 days.

DATE

"We now accept all major credit cards ( * ) , checks by mail, and/or wire transfers at no charge."
* A 3% Credit Card fee will be added to transactions
If tax exempt, plesae attach owner's certificate and original blanket certificate to Sales Order.

000 002 0 02 / 2 T /2 6

DR-14
R. 10/25

Issued Pursuant to Chapter 212, Florida Statutes

”

t0RIDA

Exemption Category

Certificate Number
This certifies that

Effective Date

Expiration Date

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
3501 QUADRANGLE BLVD STE 270
ORLANDO FL 32817-8329

is exempt from the payment of Florida sales and use tax on transient rental property rented, tangible personal property purchased or rented, or services purchased.

DR-14
R. 10/25

1.

You must provide all vendors and suppliers with an exemption certificate before making tax-exempt purchases. See Rule 12A-1.038, Florida Administrative Code (F.A.C.).

2.

Your Consumer's Certificate of Exemption is to be used solely by your organization for your organization's customary nonprofit activities.

3.

Purchases made by an individual on behalf of the organization are taxable, even if the individual will be reimbursed by the organization.

4.

This exemption applies only to purchases made by your organization. The sale or lease to others of tangible personal property or sleeping accommodations is taxable. Your organization must register to collect and remit sales and use tax on such taxable transactions. Note: Churches are exempt from this requirement.

5.

It is a criminal offense to fraudulently present this certificate to evade the payment of sales tax. Under no circumstances should this certificate be used for the personal benefit of any individual. Violators will be liable for payment of the sales tax plus a penalty of 200% of the tax, and may be subject to conviction of a third-degree felony. Any violation will require the revocation of this certificate.

6.

If you have questions about your exemption certificate, please call Taxpayer Services at 850-488-6800. The mailing address is PO Box 6480, Tallahassee, FL 32314-6480. For a written reply to tax questions, email Taxpayer Services at fdortaxpayerservices@floridarevenue.com.

Important Information for Exempt Organizations

85-8018367937C-5

04/30/2026

04/30/2031

MUNICIPAL GOVERNMENT

Consumer's Certificate of Exemption

Laurel Road Community Development District

Voltaire Proposal for E-Bike Maintenance

SERVICE CONTRACT QUOTE
Voltaire Cycles Sarasota LLC

ONGOING E-BIKE SERVICE AGREEMENT

SERVICE DETAILS

•
•
•
•
•

$120 per bike for a complete tune-up service
Tune-ups are recommended twice yearly based on annual bike usage Current fleet total: 4 bikes
Per Service Cycle Total: $480
Estimated Annual Service Total: $960

PICKUP & DELIVERY SERVICE ($25 Delivery/Pick up charge)

•
•
•

Bikes can be conveniently picked up by Voltaire driver(s) and transported to our service department Standard turnaround time is approximately 2 business days for completion and return delivery
If a driver is available, bikes may also be picked up for flat repairs, brake adjustments, and minor/basic service repairs

SERVICE NOTES
Standard tune-up service may include:

•
•
•
•
•
•

Brake inspection & adjustment Tire inspection & inflation Drivetrain adjustment & lubrication Bolt/safety inspection
Electrical systems check
General safety review

Additional parts and major repairs, if needed, would be quoted separately prior to completion.

Thank you again for the opportunity to support your fleet service needs. We appreciate your business and look forward to working with you.

Date:

May 8, 2026

Prepared For:

Sydney Pollock

Prepared By:

Ron O'Shea

Best regards,

Ron O'Shea - Co-Owner
Voltaire Cycles Sarasota LLC

LOCATIONS
Venice: 4199 S. Tamiami Trail, Venice FL 34293 Osprey: 15 S. Tamiami Trail, Osprey FL 34229 North Port: 4381 Aidan Lane, North Port FL 34288

Phone: 941-922-0384

Laurel Road Community Development District

Payment Authorization Nos. 143 – 147

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
Payment Authorizations Nos. 143 - 147

PA #

Description

Amount

Total

140

Advanced Aquatic Services

$	1,888.00

Alsco Uniforms

$	75.83

Comcast Business

$	194.95

FPL

$	3,495.37

GreatAmerica Financial Services

$	369.16

Impact Landscaping & Irrigation

$	815.00

Jan-Pro Manasota

$	1,325.67

Peloton Interactive

$	528.00

Safetouch

$	2,034.55

$	1,538.46

S & G Pools

$	1,552.00

WTS International

$	2,162.00

Xfinity

$	112.80

$16,091.79

144

Clean Sweep Parking Lot Maintenance

$	1,187.50

Doody Free 941

$	234.00

Impact Landscaping & Irrigation

$	15,334.67

$	1,986.00

$	3,535.41

J.B Edwards

$	91.00

NaturZone

$	210.00

$	625.00

Neal Land & Neighborhoods

$	3,375.00

TieTechnology

$	73.38

USA Today

$	158.75

Valley

$	2,004.69

Verizon Business

$	74.88

WTS International

$	346.50

$	2,395.22

$31,632.00

145

Alsco Uniforms

$	75.83

AM Engineering

$	2,193.00

Comcast

$	2,944.06

Dale Weidemiller

$	4,485.00

Daystar Exterior Cleaning

$	1,530.00

PFM Management Services

$	4,625.00

$	1.48

$15,854.37

146

City of Venice

$	2,083.88

$	7.28

$	19.42

$	232.80

$	13.49

$	151.26

$	677.48

$	214.56

$	3.80

$	3,250.33

$	1,196.49

$	400.94

Comcast

$	194.95

Florida Department of Health in Sarasota County

$	400.00

FPL

$	34.75

$	2,726.39

$	45.95

$	45.95

Navitas Credit Corp

$	2,465.17

Supervisor Fees - Dale Weidemiller

$	200.00

Supervisor Fees - John Blakely

$	200.00

Supervisor Fees - Pete Williams

$	200.00

Supervisor Fees - Janice Snow

$	200.00

Supervisor Fees - John Leinaweaver

$	200.00

Tyree Brown

$	500.00

VGlobalTech

$	160.00

WTS International

$	2,402.10

$	52.57

$18,279.56

147

Comcast Business

$	194.95

Gig Set Go

$	500.00

GreatAmerica Financial Services

$	369.16

Southern Land Services of SW Florida

$	1,400.00

TECO

$	63.77

WTS International

$	2,402.10

Xfinity

$	100.00

$	5,029.98

Total

$70,795.91

Laurel Road Community Development District

Funding Request Nos. 210 – 212

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Funding Requests Nos. 210 - 212

FR #

Description

Amount

Total

210

Kimley-Horn and Associates

$	1,532.39

$1,532.39

211

AM Engineering

$	2,467.00

Safetouch

$	3,999.88

$6,466.88

212

C&M Road Builders

$	107,562.60

LRK

$	1,453.75

$109,016.35

Total

$117,015.62

Laurel Road Community Development District

District Financial Statements

Laurel Road
Community Development District
April 2026 Financial Package

April 30, 2026

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

Laurel Road CDD
Statement of Financial Position As of 4/30/2026

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Assets

Current Assets
General Checking Account Accounts Receivable
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
Construction Checking Account
Accounts Receivable - Due from Developer Prepaid Expenses
Deposits
Total Current Assets

$

199,040.76
1,114.41
4,538.91
64,398.20
12,082.73
4,350.00

$

199,040.76
1,114.41
4,538.91
64,398.20
12,082.73
4,350.00
5,678.91
5,069.41
326,871.88
62,500.00
793,860.82
2,734.53
165.08
353,799.90
21,589.62
106,186.97
336.22
50.00

$

5,678.91
5,069.41
326,871.88
62,500.00
793,860.82
2,734.53
165.08
353,799.90

$

21,589.62
106,186.97
336.22
50.00

$

285,525.01

$

1,550,680.53

$

128,162.81

$

-

$

1,964,368.35

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

$

1,539,932.21
13,335,067.79

$

1,539,932.21
13,335,067.79

$

-

$

-

$

-

$

14,875,000.00

$

14,875,000.00

Total Assets

$

285,525.01

$

1,550,680.53

$

128,162.81

$

14,875,000.00

$

16,839,368.35

Page 1 of 8

Laurel Road CDD
Statement of Financial Position As of 4/30/2026

Debt Service Fund

Capital Projects Fund

General Fund

Long-Term Debt

Total

Liabilities and Net Assets

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

$

11,243.32
1,614.41
4,538.91
64,398.20

$

11,243.32
1,614.41
4,538.91
64,398.20
5,678.91
106,186.97
91,992.19
106,186.97

$

5,678.91

$

106,186.97
91,992.19
106,186.97

$

81,794.84

$

5,678.91

$

304,366.13

$

-

$

391,839.88

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

$

14,875,000.00

$

14,875,000.00

$

-

$

-

$

-

$

14,875,000.00

$

14,875,000.00

Total Liabilities

$

81,794.84

$

5,678.91

$

304,366.13

$

14,875,000.00

$

15,266,839.88

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

$

(16,545.33)
(8,317.44)

$

(16,545.33)
(8,317.44)

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

126,143.91
102,449.03

126,143.91
102,449.03

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$

1,142,003.21
402,998.41

1,142,003.21
402,998.41

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$

(99,574.77)
(76,628.55)

(99,574.77)
(76,628.55)

$

203,730.17

$

1,545,001.62

$

(176,203.32)

$

-

$

1,572,528.47

Total Net Assets

Total Liabilities and Net Assets

$

285,525.01

$

1,550,680.53

$

128,162.81

$

14,875,000.00

$

16,839,368.35

Page 2 of 8

Laurel Road CDD Statement of Activities As of 4/30/2026

Debt Service Fund

Capital Projects Fund

Long-Term Debt

General Fund

Total

Revenues

On-Roll Assessments Off-Roll Assessments
Other Income & Other Financing Sources On-Roll Assessments
Other Assessments
Inter-Fund Group Transfers In Developer Contributions
Other Income & Other Financing Sources Inter-Fund Transfers In
Total Revenues

$

517,129.64
193,194.62
1,851.83

$

517,129.64
193,194.62
1,851.83
647,010.96
615,124.18
1,151.31
126,002.83
29,036.00
(1,151.31)

$
$
$

647,010.96
615,124.18
1,151.31

$
$
$

126,002.83
29,036.00
(1,151.31)

$

712,176.09

$

1,263,286.45

$

153,887.52

$

-

$

2,129,350.06

Expenses

Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management
Field Management Engineering Disclosure
District Counsel Assessment Administration Audit
Tax Preparation Travel and Per Diem Postage & Shipping Legal Advertising Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations
Dues, Licenses, and Fees

$

6,000.00
2,870.00
4,246.25
32,375.00
13,500.00
2,771.00
500.00
4,580.00
5,500.00
5,700.00
71.40
110.07
41.03
829.50
233.17
267.74
783.54
1,720.00
23,887.30
175.00

$

6,000.00
2,870.00
4,246.25
32,375.00
13,500.00
2,771.00
500.00
4,580.00
5,500.00
5,700.00
71.40
110.07
41.03
829.50
233.17
267.74
783.54
1,720.00
23,887.30
175.00

Page 3 of 8

Laurel Road CDD Statement of Activities As of 4/30/2026

Debt Service Fund

Capital Projects Fund

Long-Term Debt

General Fund

Total

Construction Consultation Lifestyle Staff
Resident Services Electric
Amenity - Electric Amenity - Water Water Reclaimed
Stormwater Management Wetlands Mitigation Amenity - Telephone
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 - Pool 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

19,987.50
52,356.12
8,039.94
831.87
17,382.55
20,654.95
2,300.73
24,029.86
6,400.00
963.02
9,576.73
23,067.87
1,680.00
11,043.98
7,692.30
20,305.68
2,228.55
17,756.19
6,722.62
2,663.69
2,031.34
1,508.87
5,195.00
19.07
395.10
3,511.95
39.14
13,019.02
3,508.00
36,328.00
500.00
20,095.15
15,616.00
87,952.69
9,715.44
Page 4 of 8

19,987.50
52,356.12
8,039.94
831.87
17,382.55
20,654.95
2,300.73
24,029.86
6,400.00
963.02
9,576.73
23,067.87
1,680.00
11,043.98
7,692.30
20,305.68
2,228.55
17,756.19
6,722.62
2,663.69
2,031.34
1,508.87
5,195.00
19.07
395.10
3,511.95
39.14
13,019.02
3,508.00
36,328.00
500.00
20,095.15
15,616.00
87,952.69
9,715.44

$

$

Laurel Road CDD Statement of Activities As of 4/30/2026

Debt Service Fund

Capital Projects Fund

Long-Term Debt

General Fund

Total

Fertilizer / Pesticides Contingency
Lake Bank Mowing
Gate - Repairs & Maintenance Dog Waste Stations
Capital Expenditures Street Sweeping Streetlights
Bike Share Maintenance Golf Cart Maintenance
Series 2021 A2 Principal Payments Series 2021 A1 Interest Payments Series 2021 A2 Interest Payments Engineering
Landscaping Maintenance & Material Contingency
Total Expenses

10,080.00
2,097.59
13,902.00
324.16
1,638.00
8,317.44
5,700.00
19,826.14
253.37
182.72

10,080.00
2,097.59
13,902.00
324.16
1,638.00
8,317.44
5,700.00
19,826.14
253.37
182.72
610,000.00
198,721.25
70,664.07
24,478.08
133,947.25
72,623.32

$

$

$

610,000.00
198,721.25
70,664.07

$

24,478.08
133,947.25
72,623.32

$623,601.34

$879,385.32

$231,048.65

$0.00

$1,734,035.31

Other Revenues (Expenses) & Gains (Losses)

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

$

5,556.84

$

5,556.84
19,097.28
27.67
504.91

$

19,097.28

$

27.67
504.91

$

5,556.84

$

19,097.28

$

532.58

$

-

$

25,186.70

Change In Net Assets

$

94,131.59

$

402,998.41

$

(76,628.55)

$

-

$

420,501.45

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

$

203,730.17

$

1,545,001.62

$

(176,203.32)

$

-

$

1,572,528.47

Page 5 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 4/30/2026

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

$

517,129.64
193,194.62
1,851.83
50,895.83

$

304,306.65
150,262.48
- 50,895.83

$

212,822.99
42,932.14
1,851.83
-

$

521,668.55
257,592.82
- 87,250.00

99.13%
75.00%

58.33%

$

763,071.92

$

505,464.96

$

257,606.96

$

866,511.37

88.06%

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 Property Taxes
Web Site Maintenance Holiday Decorations IT Services
Dues, Licenses, and Fees Construction Consultation Lifestyle & Maintenance Staff Resident Services
Total General & Administrative Expenses

$

6,000.00
2,870.00
4,246.25
32,375.00
13,500.00
2,771.00
500.00
4,580.00
5,500.00
- 5,700.00
- 71.40
110.07
- 41.03
829.50
233.17
267.74
783.54
1,720.00
23,887.30
- 175.00
19,987.50
52,356.12
8,039.94

$

7,000.00
1,816.62
2,475.85
32,375.00
8,750.00
3,500.00
583.33
11,666.67
3,208.33
72.92
3,325.00
291.67
36.89
291.67
408.33
291.67
3,208.33
583.31
291.67
- 1,820.00
14,583.33
291.67
102.08
- 31,671.97
4,374.07

$

(1,000.00)
1,053.38
1,770.40
- 4,750.00
(729.00)
(83.33)
(7,086.67)
2,291.67
(72.92)
2,375.00
(291.67)
34.51
(181.60)
(408.33)
(250.64)
(2,378.83)
(350.14)
(23.93)
783.54
(100.00)
9,303.97
(291.67)
72.92
19,987.50
20,684.15
3,665.87

$

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

50.00%
92.16%
100.05%
58.33%
90.00%
46.18%
50.00%
22.90%
100.00%
0.00%
100.00%
0.00%
112.90%
22.01%
0.00%
8.21%
15.08%
23.32%
53.55%

55.13%
95.55%
0.00%
100.00%

96.43%
107.22%

$

186,544.56

$

133,020.38

$

53,524.18

$

228,034.95

81.81%

Page 6 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 4/30/2026

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)

$

623.90
1,725.55
24,029.86
6,400.00
- 13,019.02
2,631.00
27,246.00
375.00
15,071.36
11,712.00
65,964.52
7,286.58
7,560.00
2,097.59
13,902.00
324.16
-
-
-
- 1,638.00
- 6,238.08
5,700.00
- 14,869.61
253.37
137.04

$

4,375.00
2,187.50
1,166.67
5,250.00
656.25
1,166.67
1,664.83
8,864.19
- 10,920.00
10,500.00
62,027.02
8,750.00
7,560.00
10,150.00
- 2,041.67
2,916.67
4,375.00
6,562.50
17,500.00
1,638.00
116.67
4,375.00
7,000.00
437.50
17,640.00
1,458.33
656.25

$

(3,751.10)
(461.95)
22,863.19
1,150.00
(656.25)
11,852.35
966.17
18,381.81
375.00
4,151.36
1,212.00
3,937.50
(1,463.42)
- (8,052.41)
13,902.00
(1,717.51)
(2,916.67)
(4,375.00)
(6,562.50)
(17,500.00)
- (116.67)
1,863.08
(1,300.00)
(437.50)
(2,770.40)
(1,204.96)
(519.21)

$

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

8.32%
46.01%
1201.49%
71.11%
0.00%
650.95%
92.19%
179.30%

80.51%
65.07%
62.04%
48.58%
58.33%
12.06%

9.26%
0.00%
0.00%
0.00%
0.00%
58.33%
0.00%
83.17%
47.50%
0.00%
49.17%
10.13%
12.18%

$

228,804.64

$

201,955.72

$

26,848.92

$

346,209.78

66.09%

Field Expenses (Outside the Gate; MF)
Electric
Water Reclaimed Equipment Rental General Insurance
Property & Casualty Insurance Other 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)

$

207.97
575.18
- 877.00
9,082.00
125.00
5,023.79
3,904.00
21,988.17
2,428.86
2,520.00
-
- 2,079.36
- 4,956.54
45.68

$

1,458.33
729.17
218.75
554.95
2,954.73
- 3,640.00
3,500.00
20,675.67
2,916.67
2,520.00
1,458.33
2,187.50
1,458.33
145.83
5,880.00
218.75

$

(1,250.36)
(153.99)
(218.75)
322.05
6,127.27
125.00
1,383.79
404.00
1,312.50
(487.81)
- (1,458.33)
(2,187.50)
621.03
(145.83)
(923.47)
(173.07)

$

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

8.32%
46.01%
0.00%
92.19%
179.30%

80.51%
65.07%
62.04%
48.58%
58.33%
0.00%
0.00%
83.17%
0.00%
49.17%
12.18%

$

53,813.55

$

50,517.01

$

3,296.54

$

86,600.59

62.14%

Page 7 of 8

Laurel Road CDD
Budget to Actual
For the Month Ending 4/30/2026

FY 2026
Adopted Budget

YTD Actual

YTD Budget

YTD Variance

Percentage

Vistera - Amenity Expenses
Amenity - Electric Amenity - 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

$

17,382.55
20,654.95
963.02
9,576.73
23,067.87
1,680.00
11,043.98
7,692.30
19.07
20,305.68
2,228.55
17,756.19
6,722.62
2,663.69
2,031.34
1,508.87
5,195.00
395.10
3,511.95
39.14

$

5,833.33
8,750.00
5,110.00
7,583.33
11,666.67
5,833.33
10,864.00
875.00
583.33
22,516.67
3,500.00
17,606.19
3,558.33
2,916.67
4,375.00
1,458.33
875.00
816.67
4,666.67
583.33

$

11,549.22
11,904.95
(4,146.98)
1,993.40
11,401.20
(4,153.33)
179.98
6,817.30
(564.26)
(2,210.99)
(1,271.45)
150.00
3,164.29
(252.98)
(2,343.66)
50.54
4,320.00
(421.57)
(1,154.72)
(544.19)

$

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

173.83%
137.70%
10.99%
73.67%
115.34%
16.80%
59.30%
512.82%
1.91%
52.61%
37.14%
58.83%
110.21%
53.27%
27.08%
60.35%
346.33%
28.22%
43.90%
3.91%

$

154,438.60

$

119,971.85

$

34,466.75

$

205,666.04

75.09%

Total Expenses

 $	623,601.34 

 $  505,464.96 

 $  118,136.38 

 $  866,511.36 

	71.97%

Other Revenues (Expenses) & Gains (Losses)

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

$

5,556.84

$

-

$

5,556.84

$

-

$

5,556.84

$

-

$

5,556.84

$

-

Net Income (Loss)

$

145,027.42

$

-

$

145,027.42

$

-

Page 8 of 8

Laurel Road
Community Development District
FY 2027 Proposed Budget Package

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

Laurel Road CDD
FY 2027 Proposed O&M Budget

FY 2026
Anticipated Total

FY 2027
Proposed Budget

Actual Through 4/30/2026

Anticipated 5/2026 - 9/2026

FY 2026
Adopted Budget

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

$

517,129.64
193,194.62
1,851.83
50,895.83

$

4,538.91
64,398.20
1,322.75
36,354.17

$

521,668.55
257,592.82
3,174.58
87,250.00

$

521,668.55
257,592.82
- 87,250.00

$

791,276.75
397,347.66
500.00
-

$

763,071.92

$

106,614.03

$

869,685.95

$

866,511.37

$

1,189,124.41

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

$

6,000.00
2,870.00
4,246.25
32,375.00
13,500.00
2,771.00
500.00
4,580.00
5,500.00
- 5,700.00
- 71.40
110.07
- 41.03
829.50
233.17
267.74
783.54
1,720.00
23,887.30
- 175.00
19,987.50
52,356.12

$

5,000.00
-
- 23,125.00
16,875.00
1,979.30
500.00
3,271.45
- 125.00
- 500.00
- 78.60
- 29.30
592.50
166.55
191.25
- 1,400.00
- 208.35
- 14,276.80
37,397.25

$

11,000.00
2,870.00
4,246.25
55,500.00
30,375.00
4,750.30
1,000.00
7,851.45
5,500.00
125.00
5,700.00
500.00
71.40
188.67
- 70.33
1,422.00
399.72
458.99
783.54
3,120.00
23,887.30
208.35
175.00
34,264.30
89,753.37

$

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

$

12,000.00
3,300.50
4,244.31
55,500.00
40,500.00
6,000.00
2,000.00
25,000.00
11,000.00
125.00
7,000.00
500.00
80.00
500.00
700.00
500.00
2,000.00
500.00
375.00
100.00
3,120.00
25,000.00
250.00
175.00
98,570.00
8,632.00

*
*

$

186,544.56

$

105,716.35

$

284,220.97

$

228,034.95

$	307,671.81

* "Lifestyle Staff" and "Resident Services" are expected to be 35% of the anticipated budget of $232,991.00. The remaining 65% is paid by the developer.

Page 1 of 15

Laurel Road CDD
FY 2027 Proposed O&M Budget

FY 2026
Anticipated Total

FY 2027
Proposed Budget

Actual Through 4/30/2026

Anticipated 5/2026 - 9/2026

FY 2026
Adopted Budget

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
Laurel Rd. Monument Maintenance Border Rd. Monument Maintenance
Total Field Expenses (Inside the Gate; Only SF)

$

623.90
1,725.55
24,029.86
6,400.00
- 13,019.02
2,631.00
27,246.00
375.00
15,071.36
11,712.00
65,964.52
7,286.58
7,560.00
2,097.59
13,902.00
324.16
-
-
-
- 1,638.00
- 6,238.08
5,700.00
- 14,869.61
253.37
137.04
-
-

$

445.65
1,232.55
17,164.20
4,571.45
468.75
9,299.30
-
-
- 10,765.25
8,365.70
47,117.50
5,204.70
5,400.00
1,498.30
9,930.00
231.55
2,083.35
7,500.00
11,250.00
12,500.00
1,170.00
83.35
4,455.75
4,071.45
- 10,621.15
181.00
97.90
-
-

$

1,069.55
2,958.10
41,194.06
10,971.45
468.75
22,318.32
2,631.00
27,246.00
375.00
25,836.61
20,077.70
113,082.02
12,491.28
12,960.00
3,595.89
23,832.00
555.71
2,083.35
7,500.00
11,250.00
12,500.00
2,808.00
83.35
10,693.83
9,771.45
- 25,490.76
434.37
234.94
-
-

$

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
- 1,125.00
-
-

$

1,875.00
3,750.00
37,500.00
11,000.00
600.00
25,000.00
3,025.65
31,332.90
431.25
27,000.00
19,800.00
106,332.03
22,500.00
12,960.00
12,500.00
25,000.00
3,500.00
40,000.00
7,500.00
11,250.00
15,000.00
2,808.00
- 7,500.00
12,000.00
- 30,240.00
- 1,125.00
3,000.00
2,000.00

$

228,804.64

$

175,708.85

$

404,513.49

$

343,709.78

$

476,529.83

* "Lifestyle Staff" and "Resident Services" are expected to be 35% of the anticipated budget of $232,991.00. The remaining 65% is paid by the developer.

Page 2 of 15

Laurel Road CDD
FY 2027 Proposed O&M Budget

FY 2026
Anticipated Total

FY 2027
Proposed Budget

Actual Through 4/30/2026

Anticipated 5/2026 - 9/2026

FY 2026
Adopted Budget

Field Expenses (Outside the Gate; MF)
Electric
Water Reclaimed Equipment Rental General Insurance
Property & Casualty Insurance Other 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
Laurel Rd. Monument Maintenance
Total Field Expenses (Outside the Gate; SF & MF)

$

207.97
575.18
- 877.00
9,082.00
125.00
5,023.79
3,904.00
21,988.17
2,428.86
2,520.00
-
- 2,079.36
- 4,956.54
45.68
-

$

148.55
410.85
156.25
-
-
- 3,588.40
2,788.55
15,705.85
1,734.90
1,800.00
2,500.00
3,750.00
1,485.25
- 3,540.40
32.65
-

$

356.52
986.03
156.25
877.00
9,082.00
125.00
8,612.19
6,692.55
37,694.02
4,163.76
4,320.00
2,500.00
3,750.00
3,564.61
- 8,496.94
78.33
-

$

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
-

$

625.00
1,250.00
200.00
1,008.55
10,444.30
143.75
9,000.00
6,600.00
35,444.01
7,500.00
4,320.00
2,500.00
3,750.00
2,500.00
- 10,080.00
375.00
1,000.00

$

53,813.55

$

37,641.65

$

91,455.20

$

86,600.59

$

96,740.61

* "Lifestyle Staff" and "Resident Services" are expected to be 35% of the anticipated budget of $232,991.00. The remaining 65% is paid by the developer.

Page 3 of 15

Laurel Road CDD
FY 2027 Proposed O&M Budget

FY 2026
Anticipated Total

FY 2027
Proposed Budget

Actual Through 4/30/2026

Anticipated 5/2026 - 9/2026

FY 2026
Adopted Budget

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

$

17,382.55
20,654.95
963.02
9,576.73
23,067.87
1,680.00
11,043.98
7,692.30
20,305.68
2,228.55
17,756.19
6,722.62
2,663.69
2,031.34
1,508.87
5,195.00
19.07
395.10
3,511.95
39.14
-

$

12,416.10
14,753.55
687.85
6,840.50
16,477.05
1,200.00
7,888.55
5,494.50
14,504.05
1,591.80
12,683.00
4,801.85
1,902.65
1,450.95
1,077.75
3,710.70
13.60
282.20
2,508.55
27.95
1,041.65

$

29,798.65
35,408.50
1,650.87
16,417.23
39,544.92
2,880.00
18,932.53
13,186.80
34,809.73
3,820.35
30,439.19
11,524.47
4,566.34
3,482.29
2,586.62
8,905.70
32.67
677.30
6,020.50
67.09
-

$

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

$

25,000.00
30,000.00
2,000.00
18,000.00
37,000.00
7,500.00
18,624.00
15,000.00
38,600.00
6,000.00
30,182.04
42,876.12
5,000.00
7,500.00
2,500.00
7,500.00
1,000.00
1,400.00
6,500.00
3,000.00
3,000.00

$

154,438.60

$

111,354.80

$

264,751.75

$

208,166.04

$

308,182.16

Total Expenses

 $	623,601.34 

 $  392,780.00 

 $	953,486.21 

 $	866,511.37 

 $ 1,189,124.41 

Other Revenues (Expenses) & Gains (Losses)

Interest Income

$

5,556.84

$

3,969.15

$

9,525.99

$

-

$

-

Total Other Revenues (Expenses) & Gain $

5,556.84

$

3,969.15

$

9,525.99

$

-

$

-

Net Income (Loss)

$

145,027.42

$

(282,196.82)

$

(74,274.27)

$

-

$

-

* "Lifestyle Staff" and "Resident Services" are expected to be 35% of the anticipated budget of $232,991.00. The remaining 65% is paid by the developer.

Page 4 of 15

Laurel Road Community Development District FY 2027 Proposed Assessment Comparison

FY 2027 OGM* 
Assessment  (Gross)

FY 2026 OGM* 
Assessment  (Gross)

Increase /  (Decrease)

Unit Type

Phase 1
SF 40'
SF 45'
SF 50'
SF 57'
Paired Villas (36' - 39') Assisted Living

1,511.27
1,700.18
1,889.09
2,153.57
1,416.82
566.73

979.73
1,102.20
1,224.67
1,396.12
918.50
367.40

$
$
$
$
$
$

531.54
597.98
664.42
757.45
498.32
199.33

Phase 1 G 2
Multi-Family

281.19

196.13

$

85.06

Phase 2
SF 50'
SF 57'
Assisted Living

1,889.09
2,153.57
566.73

1,224.67
1,396.12
367.40

$
$
$

664.42
757.45
199.33

O&M = Operations and Maintenance

Page 5 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Revenues

On-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

Off-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected through direct billing are referred to as “Off-Roll Assessments.”

Other Income

Revenue from miscellaneous sources not otherwise classified.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Field Management

The District receives Field Management services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” Section “V” of the Management Agreement.

Page 6 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the District Management team provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage

Annual computations are necessary to calculate arbitrage rebate liability to ensure the District's compliance with all tax regulations.

Tax Preparation

Annual fee to file Forms 1099 and 1096 with the Internal Revenue Service.

Travel and Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services as related to the District.

Page 7 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Office Supplies

General office supplies associated with the District.

Property Taxes

The costs associated with assessed property tax levies to the District.

Web Site Maintenance

The cost of hiring a third party vendor to manage the District's website and for the annual domain and URL registration renewals.

Holiday Decorations

The cost of decorations within the District for the holidays.

IT Services

The cost of Information Technology services as needed within the District.

Dues, Licenses and Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Lifestyle & Maintenance Staff

The cost of hiring a third party contractor to operate the Amenity Center and manage Resident programming.

Resident Services

The cost to provide events and supplies for those events to the residents within the District.

Page 8 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Field Expenses (Inside the Gate; SF)

Electric

The District pays for the electricity related to District-serviced fixtures.

Water Reclaimed

Water used for irrigation.

Stormwater Management

Management of stormwater runoff.

Wetland Mitigation

The costs associated with actions taken to offset the impacts of unavoidable wetland losses.

Equipment Rental

Covers the costs of periodic equipment rentals to assist the maintenance staff in its duties of maintaining certain common facilities.

Gate Internet Service

Covers the costs of monthly service fees associated with keeping the gate’s internet service running.

General Insurance

Insurance purchased to cover the general liability of the District.

Property & Casualty Insurance

Insurance purchased to protect property and cover casualty.

Other Insurance

Insurance purchased to protect areas not covered by General or Property & Casualty insurance coverage.

Irrigation - Repair and Maintenance

Inspection, repair, and maintenance of irrigation systems throughout the District.

Lake Maintenance

Maintenance of lakes owned by the District.

Lake Maintenance – Phase 2

Maintenance of lakes owned by the District in phase 2.

Page 9 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Landscaping Maintenance & Material

Contracted landscaping and Common Area Maintenance within the boundaries of the District.

Landscape Improvements

Improvements in landscape above and beyond what is already contracted for property owned by District.

Fertilizer / Pesticides

Costs associated with purchasing fertilizers and pesticides used in agriculture or other applications.

Contingency

Other field expenses incurred throughout the year.

Lake Bank Mowing

Mowing and grounds maintenance of lake banks and adjacent drainage areas.

Gate Maintenance

Costs associated with keeping District gates in good working order.

Mulch

Costs associated with purchasing and applying mulch to the District’s landscaping to improve the appearance of the property and promote plant health.

Storm Cleanup

Costs associated with recovering from a storm event.

Storm Landscape Replacement

Costs associated with replacing District landscaping when damaged by a storm.

Security Monitoring

Costs associated with ongoing observation and analysis of network and system activity to detect and respond to potential security threats within the District.

Dog Waste Stations

Costs associated with purchasing, installing, and maintaining dog waste stations, as well as the cost of bags, liners, and cleaning materials..

Mailbox Maintenance

Costs associated with keeping mailboxes in good working order and appearance.

Page 10 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Capital Expenditures

Costs associated with acquiring or upgrading the District’s long-term assets, such as property, plant, and equipment (PP&E).

Street Sweeping

Covers the costs of periodic sweeping of District streets to improve aesthetics and to mitigate roadway dirt and debris from being washed into the District’s stormwater system and ponds.

Streetlights – Leasing

Costs associated with streetlight poles which are leased from the utility company.

Bike Share Maintenance

Costs associated with operating and maintaining the District’s bike share program which will initially include 25 bikes.

Golf Cart Maintenance

Costs associated with routine maintenance, battery-related expenses, and unexpected repairs to the District’s golf cart.

Laurel Rd. Monument Maintenance

Costs associated with routine maintenance for the Laurel Road monument.

Border Rd. Monument Maintenance

Costs associated with routine maintenance for the Border Road monument.

Field Expenses (Outside the Gate; MF)

Electric

The District pays for the electricity related to District-serviced fixtures.

Water Reclaimed

Water used for irrigation.

Equipment Rental

Covers the costs of periodic equipment rentals to assist the maintenance staff in its duties of maintaining certain common facilities.

Page 11 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

General Insurance

Insurance purchased to cover the general liability of the District.

Property & Casualty Insurance

Insurance purchased to protect property and cover casualty.

Other Insurance

Insurance purchased to protect areas not covered by General or Property & Casualty insurance coverage.

Irrigation - Repair and Maintenance

Inspection, repair, and maintenance of irrigation systems throughout the District.

Lake Maintenance

Maintenance of lakes owned by the District.

Landscaping Maintenance & Material

Contracted landscaping and Common Area Maintenance within the boundaries of the District.

Landscape Improvements

Improvements in landscape above and beyond what is already contracted for property owned by District.

Fertilizer / Pesticides

Costs associated with purchasing fertilizers and pesticides used in agriculture or other applications.

Storm Cleanup

Costs associated with recovering from a storm event.

Storm Landscape Replacement

Costs associated with replacing District landscaping when damaged by a storm.

Capital Expenditures

Costs associated with acquiring or upgrading the District’s long-term assets, such as property, plant, and equipment (PP&E).

Streetlights – Leasing

Costs associated with streetlight poles which are leased from the utility company.

Golf Cart Maintenance

Costs associated with routine maintenance, battery-related expenses, and unexpected repairs to the District’s golf cart.

Page 12 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Laurel Rd. Monument Maintenance

Costs associated with routine maintenance for the Laurel Road monument.

Vistera – Amenity

Amenity – Electric

The District pays for the electricity related to Amenity-serviced fixtures.

Amenity – Water

The District pays for the water service related to Amenity-serviced fixtures.

Amenity - Telephone

Telephone and fax machine services as related to the District’s Amenity.

Amenity – Cable TV / Internet / Wi-Fi

Cable TV, Internet, and wi-fi services as related to the District’s Amenity.

Amenity – Landscape Maintenance

Contracted landscaping and Common Area Maintenance within the boundaries of the District’s Amenity.

Amenity – Irrigation Repairs

Inspection and repair of irrigation system within the boundaries of the District’s Amenity.

Amenity – Pool Maintenance

Cost of cleaning and maintaining the Amenity swimming pool.

Amenity – Pool Equipment

Cost of repairing or replacing any Amenity swimming pool equipment.

Amenity – Cleaning

Cost of cleaning the exterior and interior of the Amenity building.

Amenity – Pest Control

Cost of pest control services for the Amenity building.

Amenity – Fitness Equipment Leasing

Cost of leasing fitness equipment for the Amenity building.

Page 13 of 15

Laurel Road CDD Budget Item Descriptions FY 2026 – 2027

Amenity – Fire/Security Monitoring

Cost of security services for the Amenity building.

Amenity – Office Equipment Leasing

Costs associated with renting or leasing Amenity office equipment, including lease payments, maintenance, and any potential upgrade or replacement costs.

Amenity – Capital Outlay

Costs associated with acquiring or improving Amenity capital assets, such as equipment, buildings, or land

Amenity – Miscellaneous

Costs associated with miscellaneous Amenity expenses incurred throughout the year.

Amenity – A/C Maintenance and Equipment

Costs related to keeping the Amenity air conditioning system running efficiently and reliably.

Amenity – Gas

Costs related to Amenity gas usage.

Amenity – Access Control Maintenance

Cost associated with keeping the Amenity access control system operational.

Amenity – Operations

Cost associated with general Amenity operations as needed.

Amenity – Fireplaces and Barbecue

Costs associated with the Amenity fireplace or barbecue grill, installation costs, materials, and any necessary permits or gas line adjustments.

Other Revenues (Expenses) & Gaines (Losses)

Interest Income

Income from interest earnings.

Page 14 of 15

Laurel Road CDD
FY 2027 Proposed Debt Service Budget

Series 2021A-1

Series 2021A-2

REVENUES:

Special Assessments

$

847,243.75

$

162,890.64

TOTAL REVENUES

 $	847,243.75 

 $	162,890.64 

EXPENDITURES:

Interest 11/01/2026 Interest 05/01/2027 Principal 05/01/2027

$

195,406.25
195,406.25
265,000.00

$

54,296.88
54,296.88
-

TOTAL EXPENDITURES

 $	655,812.50 

 $	108,593.76 

EXCESS REVENUES

 $	191,431.25 

 $	54,296.88 

Interest 11/01/2027

$

191,431.25

$

54,296.88

Page 15 of 15

Laurel Road Community Development District

Appointment of Auditor Selection Committee

Laurel Road Community Development District

Consideration of Series 2026 Bonds Documents:

1.

Supplemental Assessment Methodology

Report (June 2026)

2.

Final Pricing Numbers (June 24, 2026)

SUPPLMENTAL ASSESSMENT METHODOLOGY REPORT, SERIES 2026 BONDS

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

June 2026

Prepared for:

Members of the Board of Supervisors,
Laurel Road Community Development District

Prepared on June 4, 2026

PFM Financial Advisors LLC
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817

SUPPLEMENTAL ASSESSMENT METHODOLOGY, SERIES 2026 BONDS LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

June 4, 2026

1.0

Introduction

1.1

Purpose

This Supplemental Assessment Methodology Report, Series 2026 Bonds (“Supplemental Report”) provided a methodology for allocating the assessments securing the repayment of the planned Series 2026 Capital Improvement Revenue Bonds, (the “Series 2026 Bonds”) to be issued by Laurel Road Community Development District (the, “District”). This Supplemental Report applies and operates pursuant to the methodology outlined in the Amended and Restated Master Assessment Methodology dated July 14, 2021 (“Methodology”), which effectively amended and restated the District’s “Master Assessment Methodology,” dated December 21, 2020 (“Adopted Methodology”).

The District consisting of 299.286 gross acres is currently planned to be developed in multiple phases ultimately providing infrastructure supporting the development of approximately 581 residential units. The Series 2026 Project (“Series 2026 Project”), as outlined in Exhibit 3 of the Engineer’s Report, consists of certain master infrastructure improvements and neighborhood infrastructure costs allocable to Phase 2 of the residential parcel in the Development planned for 190 residential units and is estimated to cost
$10.96 million. The assessable properties located within the District receive special benefit from the Series 2026 Project. The District will issue the Series 2026 Bonds to finance a portion of the Series 2026 Project in the amount of $5.74 million. The Series 2026 Bonds and associated assessments (“Series 2026 Assessments”) will provide for the construction or acquisition of assessable improvements to certain properties located within the District’s Phase 2. The methodology described herein allocates the cost of the Series 2026 Project to certain properties within the District, based upon the benefits those properties receive from those improvements.

This Methodology is designed to conform to the requirements of Chapters 170, 190, and 197 of the Florida Statutes with respect to special assessments and is consistent with our understanding of the case law on this subject.

2

1.2

Background

The District was created on April 28, 2020. The District encompasses approximately 299.286 acres in Sarasota County. The Laurel Road Community Development District Report of District Engineer, dated December 21, 2020 as same was later amended and restated on July 1, 2021 and the Laurel Road Community Development District Supplemental Report of District Engineer, dated May 11, 2026 (collectively, the “Engineer’s Report”)1 as provided by AM Engineering, LLC (“District Engineer”) provides a description of the area and a location map.

This Supplemental Report provides a methodology to allocate the debt over the approximately 49.238 acres in the District associated with the Phase 2 lands (“Series 2026 Assessment Area”), that will receive a special benefit from the installation of the proposed District’s Series 2026 Project. It is the District’s debt-funded capital infrastructure improvements that will allow the development of the lands within the District. By making development of the lands within the District possible, the District creates benefits to the lands within the District.

The methodology described herein allocates the District’s debt to the District’s lands based upon the benefits received from the infrastructure program. This report is designed to conform to the requirements of Chapter 170, F.S. with respect to special assessments and is consistent with our understanding of the case law on this subject.2

1.3

Projected Land Use Plan for the District’s Phase 2

The methodology described herein initially allocates the District’s debt over the gross acreage in the District’s Series 2026 Assessment Area on an equal acreage basis. As such acreage is sold with entitlements transferred thereto or is developed and platted, the Series 2026 Assessments are allocated on a per lot basis.

The Series 2026 Assessments levied in connection with the Series 2026 Bonds (the “Series 2026 Assessments”) will initially be allocated over the District’s Series 2026 Assessment Area. The Series 2026 Assessments will then be allocated on a per lot basis upon sale of property with specific entitlements transferred thereon or platting of the units within Phase 2 of the residential parcel in the Development planned for 190 residential lots. Based on the sizing of the Series 2026 Bonds, it is anticipated the Series 2026 Assessments levied in connection with the Series 2026 Bonds will be allocated to the Series 2026 Assessment Area and ultimately to the assessable units within Phase 2 of the District as illustrated in Tables 4 and 5 herein which is planned for 190 residential units.

This report is designed to conform to the requirements of Chapter 170, F.S. with respect to special assessments and is consistent with our understanding of the case law on this subject. This Supplemental Report addresses the allocation of the costs of the Series 2026 Project to these developable properties located within the District that receive a special benefit from the Series 2026 Project. Table 1 identifies the property and planned unit types within the District that are ultimately anticipated to be subject to the Series 2026 Assessments.

1 AM Engineering, LLC., (May 2026) Supplemental Report of District Engineer (May 11, 2026)
2 See for City of Winter Springs v. State, 776 So.2d 255 (Fla 2003) and City of Boca Raton, v. State, 595 So.2d 25 (Fla 1992)

3

Table 1. Development Plan for Laurel Road, Phase 2

Lot Size
Paried Villas 75'
SF 40'
SF 45'
SF 50'
SF 57'
Total

Phase 2
0
0
0
85
105
190

Source: AM Engineering, LLC

1.4

CIP - Infrastructure Installation

The District will construct its public infrastructure and improvements as outlined in the Engineer’s Report, as prepared by the District Engineer. The District infrastructure and improvements for the District’s entire CIP are presented in Table 2.

Table 2. Summary of CIP Cost Estimates (1)

`

Source: AM Engineering (District Engineer), Exhibit 3 Engineer's Report.
(1) Any costs outlined in the Engineer's Report not funded with bond proceeds will be funded via Developer's Agreement with the District

1.5

Requirements of a Valid Assessment Methodology

In PFM Financial Advisors LLC, the Assessment Consultant’s (“PFM” and/or “AC”) experience, there are two primary requirements for special assessments to be valid under Florida law. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments. Second, the assessments must be fairly and reasonably allocated to the properties being assessed. If these two characteristics of valid special assessments are adhered to, Florida law provides some latitude to legislative bodies, such as the District’s Board of Supervisors, in approving special assessments. Indeed, Florida courts have found that the mathematical perfection of calculating special benefit is impossible, and, accordingly, a special assessment is valid as long as there is a logical relationship between the services provided and the benefit to real property. A court must give deference to the District’s determinations regarding the levy of special assessments, and such special assessments are only invalid if the District’s determinations are found to be arbitrary.

4

Category

Master Infrastructure

PH 2 Infrastructure

Series 2026 Project Cost

Internal Roadway Drainage (Including Curb) Water & Wastewater Reclaimed/Irrigation Distribution Clearing Earthwork & BMP's
Landscape Professional Fees & Permitting Contingency & Others
TOTAL

$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,122,930
$1,299,508
$2,791,097
$423,273
$493,141
$855,000
$2,000,000
$1,980,000
$10,964,948

$1,122,930
$1,299,508
$2,791,097
$423,273
$493,141
$855,000
$2,000,000
$1,980,000
$10,964,948

1.6

Special Benefits and General Benefits

Improvements undertaken by the District create both special benefits and general benefits to property owners located within and surrounding the District. However, in our opinion, the general benefits to the public at large are incidental in nature and are readily distinguishable from the special benefits which accrue to property located within the District. It is the District’s CIP that enables properties within the District’s boundaries to be developed. Without the District’s CIP there would be no infrastructure to support development of land within the District. Without these improvements, development of property in the District would not be permitted.

The new infrastructure improvements included in the CIP create both: (1) special benefits to the developable property within the District and (2) general benefits to properties outside the District. However, as discussed below, these general benefits are incidental in nature and are readily distinguishable from the special benefits which accrue to the developable property within the District. The CIP described in the District Engineer’s Report enables the developable property within the District to be developed. Without the CIP, there would be no infrastructure to support development of the developable property within the District.

2.0

CIP Plan of Finance

The District’s Series 2026 Bonds will have a maximum total par value of $5,740,000. the details for the Series 2026 Bonds.

Table 3 presents

Table 3. Details of the Series 2026 Bonds

Sources
Bond Proceeds:
Par Amount
Original Issue Discount

$5,740,000
-$4,507
$5,735,493

Uses
Project Fund Deposits: Project Fund
Other Fund Deposits:
Capitalized Interest thru 11/1/2026 DSRF@ 50% MADS
Delivery Date Expenses: Cost of Issuance Underwriter's Discount
Total

$5,107,284

$109,906
$197,423

$206,080
$114,800
$5,735,493

Term
Maximum Net Annual Debt Service

30
$394,845

 Maximum Gross Annual Debt Service	$417,825 
Source: MBS Capital Markets LLC

5

3.0

Assessment Methodology

3.1

Assessment Foundation

The assessment methodology consists of five steps described below. First, the District Engineer estimates the costs for the District improvements needed for the buildout of the District. Second, the District Engineer determines the gross acres that benefit from the Series 2026 Project. Third, the District’s bond underwriter and AC determine the total funding amount (including financing costs) needed to acquire and/or construct a portion of the Series 2026 Project. Fourth, consistent with the Master Report, this amount is initially divided equally among the Series 2026 Assessment Area on a gross assessable acreage basis. Finally, as land is sold with entitlements or platted, the debt is allocated on a per lot basis on the assessable lands within the District.

As described more fully below, the District is issuing $5,740,000 in Series 2026 Bonds to fund a portion of the Phase 2 Project to provide for a debt service reserve account, to capitalize a portion of the interest on the Series 2026 Bonds, and to fund other costs associated with issuing the Series 2026 Bonds. It is the debt represented by the Series 2026 Bonds that is anticipated to be fully allocated to properties within the District that benefit from the Series 2026 Project.

3.2

Allocation of Specific Assessments

The assessment methodology allocates debt to specific properties in the District based upon the benefit that each one receives from the Series 2026 Project funded by proceeds of the Series 2026 Bonds. The improvements proposed for Series 2026 Project in the District to be acquired and/or constructed with District funds will benefit all acres in the District. Each of the acres of land within the District’s Series 2026 Assessment Area will initially share equally in the benefits/costs bestowed by such improvements and upon sale with entitlements transferred thereto or property is developed and platted the special assessments securing the Series 2026 Bonds will be allocated on a per lot basis, as illustrated in Table 4 and Table 5.

More specifically, the Series 2026 Assessments levied in connection with the Series 2026 Bonds will initially be levied on an equal acreage basis over all acreage within the District’s Series 2026 Assessment Area and then be allocated on a per unit basis as illustrated in Tables 4 and 5 upon the sale of property with specific entitlements transferred thereto or platting within Phase 2 of the residential parcel in the District planned for 190 residential lots. The Series 2026 Bonds were sized to correspond to the collection of Series 2026 Assessments from all 190 residential units planned for Phase 2 of the residential parcel in the District. The Series 2026 Assessments are expected to be paid annually over a thirty (30) year period.

As noted above, if two basic principles are adhered to, Florida law generally allows the District Board some latitude in determining the appropriate methodology to allocate the costs of its CIP to benefiting properties in the District. The two principles are: (1) the properties being assessed must receive a special benefit from the CIP and (2) the assessments allocated to each property must be fairly and reasonably apportioned among the benefiting properties.

6

In allocating special assessments to benefiting property, Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units (“ERU”), dwelling units, and acreage. These ERU values equate the benefit received by a stated amount of such land use category to the benefit received by a typical single-family residence. As adopted by the District’s Board of Supervisors in the Master Report, the use of ERU values to estimate the benefit derived from infrastructure improvements is recognized as a simple, fair, and reasonable method for apportioning benefit. The Florida Supreme Court concluded that the ERU method was a valid methodology in its decision in Winter Springs v. State.3 In addition, the ERU methodology is widely used in other similar CDDs.

Table 4 contains the allocation of the District’s Series 2026 Project costs, as financed, to the units planned for Phase 2 of the District which is anticipated to fully absorb the Series 2026 Assessments. Table 5 shows the annual bond debt service assessments associated with the bond par allocations found in Table 4. Table 5 becomes important as the land within the District’s is platted, as specific bond debt service assessments will be assigned to the individual units at that time.

Table 4. Phase 2 - Allocation of the Costs of the Series 2026 Project, as Financed

Est. Series 2026 Bonds Principal per Unit
$28,040
$31,967

Est. Series 2026 Bonds Gross Annual DS per Unit
$2,041
$2,327

Land Use
SF 50'
SF 57'
Total

# Units
85
105
190

Source: PFM Financial Advisors LLC

Table 5. Phase 2 - Summary of Annual Assessments

Series 2026 Bonds Principal per Unit (1)
$28,040
$31,967

Series 2026 Bonds Principal, all Units
$2,383,416
$3,356,584
$5,740,000

Land Use
SF 50'
SF 57'
Total

Units 85
105
190

Series 2026 Net Annual Assmts
$163,951
$230,894
$394,845

Series 2026 Bonds Net Annual Assmt./ Unit (1)
$1,929
$2,199

Total Series 2026 Gross
Annual Assmts
$173,493
$244,332
$417,825

Series 2026 Bonds Gross Annual Assmt./ Unit (1)
$2,041.10
$2,326.97

Land Use
SF 50'
SF 57'
Total

Source: PFM Financial Advisors LLC
(1)  Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting
non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 5.5% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

3 City of Winter Springs v. State, 776 So.2d 255 (Fla 2003)

7

3.3

True-Up Mechanism

Although the District does not process plats, it does have an important role to play during development. Whenever a parcel’s land use and development density and intensity is determined with sufficient certainty, the District must allocate a portion of its debt to the parcel according to the procedures outlined in Section 3.2 above. In addition, the District must also prevent any buildup of debt on land that has not yet been developed. Otherwise, the land could be fully subdivided without all the debt being allocated. To preclude this, a test is conducted when development thresholds are reached within the District. If the development at these thresholds does not cause the debt on the remaining land to increase above a debt “Ceiling Level” illustrated in Table 6 below, then no further action in necessary. However, if the debt on the remaining land does increase, a debt reduction payment will be necessary.

The ceiling level of debt is established at the time each series of bonds is issued. For example, the District plans to issue $5,740,000 in Series 2026 Bonds to fund the Series 2026 Project. According to the Engineer’s Report and the Sarasota County Property Appraiser (Parcel ID 0389061000), there are approximately 41.872 gross acres of land within the District’s Series 2026 Assessment Area (a copy of the legal is provided as Exhibit A). Each of these acres will initially be assigned an equal assessment of the $5,740,000 in remaining unassigned bond debt assessments. The initial ceiling level of debt for gross acres within the District is $137,084 per acre ($5,740,000 / 41.872). This ceiling level is based upon the best information available at the time of this report, is subject to change, and will only be finalized at the time of the District’s first bond issuance.

As adopted by the District’s Board of Supervisors in the Master Report, a test will be conducted when 25%, 50%, 75%, and 90% of the acreage as the District is developed. The ceiling amount of debt is determined at the time any District bond issuance is closed. The ceiling amount is the ratio of the amount of debt outstanding divided by the number of acres of land for which no debt allocation has occurred as per this methodology. Table 6 below illustrates when the true-up test will be applied to determine if debt reduction payments are required. However, if the property owner can demonstrate to the District sufficient future development densities (consistent with the opinion of the District Engineer), a true-up payment may be suspended at the District’s discretion.

Table 6. True- Up Thresholds, Phase 2

Category
Platted Developable Acres Unplatted Developable Acres Debt Ceiling per Acre

25%
10.5
31.4
$137,084

50%
20.9
20.9
$137,084

75%
31.4
10.5
$137,084

90%
37.7
4.2
$137,084

100%
41.9
-
$137,084

In the event that additional land not currently subject to the assessments required to repay the debt associated with the CIP is developed in such a manner as to receive special benefit from the CIP, it is contemplated that this Supplemental Report will be re-applied to include such new parcels. The additional land, as a result of applying this Supplemental Report, will be allocated an appropriate share of the special assessments, with all previously-assessed parcels receiving a relative adjustment in their assessment levels.

8

4.0

Assessment Roll

Table 7 outlines the bond principal assessment per assessable acre for the District. A description of the District, which will be assessed to secure the repayment of the District’s Series 2026 Bonds, is found in Exhibit “A.” The assessments shall be paid in not more than thirty (30) annual installments for the Series 2026 Bonds.

Table 7. Assessment Roll

Bond Principal Bond Principal	Assessment per

Net Total Bond Annual Assessment
$395,019

Net Annual Assessment
per Acre
$9,434

Bond Gross
Annual Assessment (1)
$418,010

Bond Gross Annual Assessment per
Acre (1)
$9,983

Assessable Acreage 41.872

Parcel ID Numbers
0389061000

Assessment
$5,740,000

Acre
$137,084

Source: PFM Financial Advisors LLC
(1) Gross assessments represent the assessment placed on the County tax roll each year, if the District elects to use the Uniform Method of collecting non-ad valorem assessments authorized by Chapter 197 of the Florida Statutes. Gross assessments include a 5.5% gross-up to account for the fees of the County Property Appraiser and Tax Collector and the statutory early payment discount.

9

Exhibit A Legal Description

10

VISTERA, PHASE 2
A SUBDIVISION IN SECTION 34, TOWNSHIP 38 SOUTH, RANGE 19 EAST, CITY OF VENICE, SARASOTA COUNTY, FLORIDA.

PLAT BOOK 	PAGE 	 SHEET 1 OF 15 SHEETS

CERTIFICATE OF APPROVAL OF COUNTY CLERK
STATE OF FLORIDA) COUNTY OF SARASOTA) SS

BEING

A

REPLAT

OF

TRACT 300, PLAT BOOK

VISTERA, PHASE 56, PAGE 420

1, AS RECORDED IN

I KAREN E. RUSHING, COUNTY CLERK OF SARASOTA COUNTY, FLORIDA, HEREBY

CERTIFY THAT THIS

PLAT HAS BEEN EXAMINED AND THAT IT COMPLIES IN FORM \¥ITH ALL THE REQUIREMENTS OF THE

STATUTES OF FLORIDA PERTAINING TO MAPS AN PLATS, AND THAT THIS PLAT HAS BEEN FILED FOR

DESCRIPTION
TRACT 300, VISTERA, PHASE 1, AS RECORDED IN PLAT BOOK RECORDS OF SARASOTA COUNTY, FLORIDA, LYING IN SECTION CITY OF VENICE, SARASOTA COUNTY FLORIDA.
CONTAINING 41.8721 ACRES MORE OR LESS

LOCATION MAP "\
NOT TO SCALE

RECORD IN PLAT BOOK 	, PAGE 	, PUBLIC RECORDS OF SARASOTA COUNTY, FLORIDA, THIS
	DAY OF	, A.D., 2026.

56, PAGES 420—457, OF THE PUBLIC
34, TOWNSHIP 38 SOUTH, RANGE 19 EAST,

KAREN E. RUSHING
CLERK OF THE CIRCUIT COURT OF SARASOTA COUNTY, FLORIDA
BY: 	
DEPUTY CLERK

CERTIFICATE OF APPROVAL OF CITY COUNCIL
STATE OF FLORIDA) COUNTY OF SARASOTA) SS
IT IS HEREBY CERTIFIED THAT THIS PLAT HAS BEEN OFFICIALLY ACCEPTED BY THE CITY COUNCIL VENICE, A MUNICIPALITY IN THE COUNTY OF SARASOTA, STATE OF FLORIDA, THIS 	DAY OF
	, A,D., 2026.
APPROVED:

OF

MAYOR, CITY OF VENICE

CITY ENGINEER

EDMONDSON ROAD

ROAD

CITY ATTORNEY

CERTIFICATE OF ACCEPTANCE
STATE OF FLORIDA) COUNTY OF SARASOTA) SS

CERTIFICATE OF OWNERSHIP AND DEDICATION
STATE OF FLORIDA)

SURVEYOR'S NOTES

I, 	,

ON

BEHALF OF THE BOARD OF SUPERVISORS OF THE LAUREL

1)

BEARINGS ARE BASED TOWNSHIP 38 SOUTH, SHOWN HEREON.

ON

THE SOUTH LINE OF THE SOUTHWEST 1/4 OF SECTION 34,

ROAD COMMUNITY DEVELOPMENT DISTRICT, A LOCAL UNIT OF SPECIAL PURP OSE GOVERNMENT

COUNTY OF SARASOTA)

SS

RANGE 19 EAST HAVE A BEARING OF S89"40’44”E WAS USED AS

ESTABLISHED PURSUANT TO CHAPTER 190, FLORIDA STATUTES, (”THE DISTRICT") HEREBY CERTIFIES DISTRICT HAS ACCEPTED THE DEDICATIONS SET FORTH HEREUNDER THE PLAT.

THE

2)

STATE PLANE COORDINATES, IF ANY, SHOWN HEREON REFER TO APPLICABLE ZONE, NAD83

{CER TIFICATIONS)

(2011).

WITNESSES:

BY: 	
PETE WILLIAMS, CHAIRMAN

NOTICE

SIGNATURE OF WITNESS

1)

THIS PLAT, AS RECORED IN ITS GRAPHIC FORM, IS THE OFFICIAL DEPICTION OF THE SUBDIVIDED LANDS DESCRIBED HEREIN AND WILL IN NO CIRCUMSTANCES BE SUPPLANTED IN AUTHORITY BY ANY OTHER GRAPHIC OF DIGITAL FORM OF THE PLAT. THERE MAY BE ADDITIONAL RESTRICTIONS THAT ARE NOT RECORDED ON THE PLAT THAT MY BE FOUND IN THE PUBLIC RECORED OF THIS COUNTY.
THE PLAT PROPERTY IS SUBJECT TO THE DECLARATION OF COVENANTS, CONDITIONS AND
RESTRICTIONS FOR VISTERA (THE "DECLARATION”) AS SIMULTANEOUSLY RECORDED WITH THIS

PRINT NAME OF WITNESS

2)

PLAT IN THE OFFICIAL RECORDS AS INSTRUMENT NUMBER
PUBLIC RECORDS OF SARASOTA COUNTY, FLORIDA.
THE FLOODPLAIN DELINEATION MAP IS RECORDED IN MISCELLANEOUS MAP BOOK 	,
PAGE 	OF THE PUBLIC RECORDS OF SARASOTA COUNTY, FLORIDA.

,

SIGNATURE OF WITNESS

3)

4)

OWNER RETAIN AND RESERVES OWNERSHIP OF ALL PROPERTY, EASEMENTS AND INTERESTS SET FORTH ON THIS PLAT THAT HAVE NOT OTHERWISE BEEN CONVEYED AND/OR DEDICATED TO ANOTHER PARTY.

PRINT NAME OF WITNESS

ACKNOWLEDGMENT STATE OF FLORIDA) COUNTY OF SARASOTA) SS
THE FOREGOING CERTIFICATE OF ACCEPTANCE WAS ACKNOWLEDGED BEFORE ME THIS 	DAY OF
	, 2026, BY 	, AS CHAIRMAN OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT ON BEHALF OF SAID DISTRICT AND M4O IS PERSONALLY KNOWN TO ME AND DID TAKE AN OATH.

RESERVATION OF EASEMENTS
LOT LINE EASEMENTS
UNLESS OTHERWISE INDICATED, EASEMENTS OF TEN FEET (10.0’) IN WIDTH ALONG EACH FRONT LOT LINE AND EASEMENTS OF ONE FOOT (1.0’) IN WIDTH ALONG EACH SIDE LOT LINE AND FIVE FEET (5.0’) ALONG EACH REAR LOT LINE ARE HEREBY RESERVED AND CREATED FOR THE PURPOSE OF ACCOMMODATING SURFACE AND UNDERGROUND UTILITIES AND DRAINAGE. WHEN AN AREA GREATER THAN ONE (1) LOT IS DESIGNATED AND USED AS A BUILDING SITE, THE OUTSIDE BOUNDARY OF SAID SITE SHALL, UPON SUCH DESIGNATION, AUTOMATICALLY BE SUBJECT TO THE LOT LINE EASEMENTS RESERVED AND CREATED HEREIN, SUCH THAT THE PRIOR LOT LINE EASEMENTS SHALL NO LONGER APPLY AND THE NEW LOT LINE EASEMENTS SHALL TAKE EFFECT ON THE NEW BUILDING SITE DEDICATION. SUCH EASEMENTS SHALL ALSO BE EASEMENTS FOR THE CONSTRU CTION, INSTALLATION, MAINTENANCE AND OPERATION OF THE TELECOMMUNICATION AND BROADBAND SERVICES, INCLUDING CABLE TELEVISION SERVICES, HOWEVER CABLE TELEVISION SHALL NOT INTERFERE \MTH THE FACILITIES AND SERVICES OF ELECTRIC, TELEPHONE, GAS OR OTHER UTILITY.

	 SIGNATURE, NOTARY PUBLIC STATE OF FLORIDA

PRINTED NAME

MY COMMISSION EXPIRES: 	

SURVEYORS CERTIFICATE
PROFESSIONAL SURVEYOR AND MAPPER IN THE STATE OF FLORIDA, HOLDING LICENSE NO. LS 7698, HEREBY CERTIFY THAT I AM ACTING ON BEHALF OF BRIGHAM/ALLEN LAND SURVEYING, LLC., A LIMITED LIABILITY COMPANY AUTHORIZED TO OFFER SERVICES OF REGISTERED SURVEYORS AND MAPPERS IN THE STAT OF FLORIDA HOLDING L.B. NO. 7898, THAT THIS PLAT IS A TRUE AND CORRECT REPRESENTATION OF THE LANDS SURVEYED, THAT THE SURVEY WAS MADE UNDER
MY RESPONSIBLE DIRECTION AND SUPERVISION, THAT THE SURVEY DATA COMPLIES WITH ALL THE REQUIREMENTS OF CHAPTER 177, PART 1 OF THE FLORIDA STATUTES AND THAT THE PERMANENT REFERENCE MONUMENTS (PRM'S) WERE INSTALLED AS OF	AND THE PERMANENT

BY: 	

ACKNOWLEDGMENT
STATE OF FLORIDA) COUNTY OF SARASOTA)

SS

CONTROL POINTS (PCP'S), AND THE LOT CORNERS WILL BE INSTALLED OF RECORDING AND WILL BE CONFIRMED BY SURVEYORS AFFIDAVIT,

WITHIN 1

YEAR

FROM

DATE

I HEREBY CERTIFY THAT I HAVE REVIEWED THIS PLAT FOR CONFORMITY TO CHAPTER 177, PART 1, OF THE FLORIDA STATUTES, AND THAT I AM UNDER CONTRACT WITH THE APPROPRIATE LOCAL GOVERNING BODY AND ACTING HERETO AS AN AGENT OF THE CITY OF VENICE. THIS LIMITED CERTIFICATION AS TO FACIAL CONFORMITY WITH CHAPTER 177, PART 1, F.S. PLATTING IS NOT INTENDED TO BE AND SHOULD NOT CONSTRUED AS A CERTIFICATION OF THE ACCURACY OR QUALITY OF THE SURVEYING AND MAPPING REFLECTED ON THIS PLAT.

BRIGHAM/ALLEN LAND SURVEYING, LLC.

Brigham/Allen Land Surveying, LLC
L.B. Number 7898 1215 Sarasota Center Blvd
Sarasota, FL 34240
Phone: (941) 493-4430
EMAIL: BrighamAIlenSurveying@gmaiI.com
DRA\¥ING FILE: 932666 VISTERA PHASE 2 PLAT.DWG

BY: 		 KEVIN R. MACMUNN

REGISTERED PROFESSIONAL SURVEYOR FLORIDA LICENSE NO, LS 7698

AND MAPPER

DATE: 	

BY: 		 KEVIN R, MACMUNN
PROFESSIONAL SURVEYOR A MAPPER FLORIDA NUMBER: LS 7698

HONORE AVENUE

SOURCES AND USES OF FUNDS

Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Dated Date Delivery Date

06/24/2026
06/24/2026

Sources:

Bond Proceeds:
Par Amount
Original Issue Discount

5,740,000.00
-4,507.35

5,735,492.65

Uses:

Project Fund Deposits: Project Fund

5,107,284.00

Other Fund Deposits:
Capitalized Interest thru 11/1/2026
Debt Service Reserve Fund at 50% of MADS

109,906.15
	197,422.50
307,328.65

Delivery Date Expenses: Cost of Issuance Underwriter's Discount

206,080.00
	114,800.00
320,880.00

5,735,492.65

Note: Call Date: May 1, 2036

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 1

BOND SUMMARY STATISTICS
Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Dated Date Delivery Date Last Maturity

06/24/2026
06/24/2026
05/01/2056

Arbitrage Yield
True Interest Cost (TIC) Net Interest Cost (NIC) All-In TIC
Average Coupon

5.548486%
5.732361%
5.678022%
6.077651%
5.569737%

Average Life (years) Duration of Issue (years)

19.195
11.247

Par Amount Bond Proceeds Total Interest Net Interest
Total Debt Service
Maximum Annual Debt Service Average Annual Debt Service

5,740,000.00
5,735,492.65
6,136,733.65
6,256,041.00
11,876,733.65
394,845.00
397,843.50

Underwriter's Fees (per $1000) Average Takedown
Other Fee

20.000000

Total Underwriter's Discount

20.000000

Bid Price

97.921475

Par Value

Average Coupon

Average
Life

Bond Component

Price

Term Bond due 2030 Term Bond due 2046 Term Bond due 2056

355,000.00
2,400,000.00
2,985,000.00

100.000
100.000
99.849

4.000%
5.300%
5.700%

2.402
13.440
25.819

5,740,000.00

19.195

All-In TIC

Arbitrage
Yield

TIC

Par Value
+ Accrued Interest
+ Premium (Discount)
Underwriter's Discount
Cost of Issuance Expense
Other Amounts

5,740,000.00

5,740,000.00

5,740,000.00

-4,507.35
-114,800.00

-4,507.35
-114,800.00
-206,080.00

-4,507.35

Target Value

5,620,692.65

5,414,612.65

5,735,492.65

Target Date Yield

06/24/2026
5.732361%

06/24/2026
6.077651%

06/24/2026
5.548486%

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 2

BOND PRICING
Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Maturity Date

Bond Component

CUSIP

Amount

Rate

Yield

Price

Term Bond due 2030:

05/01/2027
05/01/2028
05/01/2029
05/01/2030

85,000
85,000
90,000
	95,000
355,000

4.000%
4.000%
4.000%
4.000%

4.000%
4.000%
4.000%
4.000%

100.000
100.000
100.000
100.000

51888T AF3

Term Bond due 2046:

05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035
05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040
05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
05/01/2046

100,000
105,000
110,000
115,000
120,000
130,000
135,000
140,000
150,000
155,000
165,000
175,000
185,000
195,000
205,000
		215,000 2,400,000

5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%

5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%

100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000

51888T AH9

Term Bond due 2056:

05/01/2047
05/01/2048
05/01/2049
05/01/2050
05/01/2051
05/01/2052
05/01/2053
05/01/2054
05/01/2055
05/01/2056

230,000
240,000
255,000
270,000
285,000
305,000
320,000
340,000
360,000
		380,000 2,985,000

5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%

5.710%
5.710%
5.710%
5.710%
5.710%
5.710%
5.710%
5.710%
5.710%
5.710%

99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849

51888T AJ5

5,740,000

Dated Date Delivery Date First Coupon

06/24/2026
06/24/2026
11/01/2026

Par Amount
Original Issue Discount

5,740,000.00
-4,507.35

Production Underwriter's Discount

5,735,492.65
-114,800.00

99.921475%
-2.000000%

Purchase Price Accrued Interest

5,620,692.65

97.921475%

Net Proceeds

5,620,692.65

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 3

BOND DEBT SERVICE

Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Period Ending

Principal

Coupon

Interest

Debt Service

11/01/2026
11/01/2027
11/01/2028
11/01/2029
11/01/2030
11/01/2031
11/01/2032
11/01/2033
11/01/2034
11/01/2035
11/01/2036
11/01/2037
11/01/2038
11/01/2039
11/01/2040
11/01/2041
11/01/2042
11/01/2043
11/01/2044
11/01/2045
11/01/2046
11/01/2047
11/01/2048
11/01/2049
11/01/2050
11/01/2051
11/01/2052
11/01/2053
11/01/2054
11/01/2055
11/01/2056

109,906.15
309,845.00
306,445.00
302,945.00
299,245.00
294,695.00
289,262.50
283,565.00
277,602.50
271,375.00
264,750.00
257,727.50
250,440.00
242,755.00
234,672.50
226,192.50
217,182.50
207,642.50
197,572.50
186,972.50
175,842.50
163,590.00
150,195.00
136,087.50
121,125.00
105,307.50
88,492.50
70,680.00
51,870.00
31,920.00
10,830.00

109,906.15
394,845.00
391,445.00
392,945.00
394,245.00
394,695.00
394,262.50
393,565.00
392,602.50
391,375.00
394,750.00
392,727.50
390,440.00
392,755.00
389,672.50
391,192.50
392,182.50
392,642.50
392,572.50
391,972.50
390,842.50
393,590.00
390,195.00
391,087.50
391,125.00
390,307.50
393,492.50
390,680.00
391,870.00
391,920.00
390,830.00

85,000
85,000
90,000
95,000
100,000
105,000
110,000
115,000
120,000
130,000
135,000
140,000
150,000
155,000
165,000
175,000
185,000
195,000
205,000
215,000
230,000
240,000
255,000
270,000
285,000
305,000
320,000
340,000
360,000
380,000

4.000%
4.000%
4.000%
4.000%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%

5,740,000

6,136,733.65

11,876,733.65

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 4

BOND DEBT SERVICE
Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Period Ending

Annual Debt Service

Principal

Coupon

Interest

Debt Service

11/01/2026
05/01/2027
11/01/2027
05/01/2028
11/01/2028
05/01/2029
11/01/2029
05/01/2030
11/01/2030
05/01/2031
11/01/2031
05/01/2032
11/01/2032
05/01/2033
11/01/2033
05/01/2034
11/01/2034
05/01/2035
11/01/2035
05/01/2036
11/01/2036
05/01/2037
11/01/2037
05/01/2038
11/01/2038
05/01/2039
11/01/2039
05/01/2040
11/01/2040
05/01/2041
11/01/2041
05/01/2042
11/01/2042
05/01/2043
11/01/2043
05/01/2044
11/01/2044
05/01/2045
11/01/2045
05/01/2046
11/01/2046
05/01/2047
11/01/2047
05/01/2048
11/01/2048
05/01/2049
11/01/2049
05/01/2050
11/01/2050
05/01/2051
11/01/2051
05/01/2052
11/01/2052
05/01/2053
11/01/2053
05/01/2054
11/01/2054
05/01/2055
11/01/2055
05/01/2056
11/01/2056

109,906.15
155,772.50
154,072.50
154,072.50
152,372.50
152,372.50
150,572.50
150,572.50
148,672.50
148,672.50
146,022.50
146,022.50
143,240.00
143,240.00
140,325.00
140,325.00
137,277.50
137,277.50
134,097.50
134,097.50
130,652.50
130,652.50
127,075.00
127,075.00
123,365.00
123,365.00
119,390.00
119,390.00
115,282.50
115,282.50
110,910.00
110,910.00
106,272.50
106,272.50
101,370.00
101,370.00
96,202.50
96,202.50
90,770.00
90,770.00
85,072.50
85,072.50
78,517.50
78,517.50
71,677.50
71,677.50
64,410.00
64,410.00
56,715.00
56,715.00
48,592.50
48,592.50
39,900.00
39,900.00
30,780.00
30,780.00
21,090.00
21,090.00
10,830.00
10,830.00

109,906.15
240,772.50
154,072.50
239,072.50
152,372.50
242,372.50
150,572.50
245,572.50
148,672.50
248,672.50
146,022.50
251,022.50
143,240.00
253,240.00
140,325.00
255,325.00
137,277.50
257,277.50
134,097.50
264,097.50
130,652.50
265,652.50
127,075.00
267,075.00
123,365.00
273,365.00
119,390.00
274,390.00
115,282.50
280,282.50
110,910.00
285,910.00
106,272.50
291,272.50
101,370.00
296,370.00
96,202.50
301,202.50
90,770.00
305,770.00
85,072.50
315,072.50
78,517.50
318,517.50
71,677.50
326,677.50
64,410.00
334,410.00
56,715.00
341,715.00
48,592.50
353,592.50
39,900.00
359,900.00
30,780.00
370,780.00
21,090.00
381,090.00
10,830.00
390,830.00

109,906.15

85,000

4.000%

394,845.00

85,000

4.000%

391,445.00

90,000

4.000%

392,945.00

95,000

4.000%

394,245.00

100,000

5.300%

394,695.00

105,000

5.300%

394,262.50

110,000

5.300%

393,565.00

115,000

5.300%

392,602.50

120,000

5.300%

391,375.00

130,000

5.300%

394,750.00

135,000

5.300%

392,727.50

140,000

5.300%

390,440.00

150,000

5.300%

392,755.00

155,000

5.300%

389,672.50

165,000

5.300%

391,192.50

175,000

5.300%

392,182.50

185,000

5.300%

392,642.50

195,000

5.300%

392,572.50

205,000

5.300%

391,972.50

215,000

5.300%

390,842.50

230,000

5.700%

393,590.00

240,000

5.700%

390,195.00

255,000

5.700%

391,087.50

270,000

5.700%

391,125.00

285,000

5.700%

390,307.50

305,000

5.700%

393,492.50

320,000

5.700%

390,680.00

340,000

5.700%

391,870.00

360,000

5.700%

391,920.00

380,000

5.700%

390,830.00

5,740,000

6,136,733.65

11,876,733.65

11,876,733.65

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 5

NET DEBT SERVICE

Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Capitalized Interest thru 11/1/2026

Debt Service Reserve Fund
at 50% of MADS

Period Ending

Total Debt Service

Net Debt Service

11/01/2026
11/01/2027
11/01/2028
11/01/2029
11/01/2030
11/01/2031
11/01/2032
11/01/2033
11/01/2034
11/01/2035
11/01/2036
11/01/2037
11/01/2038
11/01/2039
11/01/2040
11/01/2041
11/01/2042
11/01/2043
11/01/2044
11/01/2045
11/01/2046
11/01/2047
11/01/2048
11/01/2049
11/01/2050
11/01/2051
11/01/2052
11/01/2053
11/01/2054
11/01/2055
11/01/2056

109,906.15
394,845.00
391,445.00
392,945.00
394,245.00
394,695.00
394,262.50
393,565.00
392,602.50
391,375.00
394,750.00
392,727.50
390,440.00
392,755.00
389,672.50
391,192.50
392,182.50
392,642.50
392,572.50
391,972.50
390,842.50
393,590.00
390,195.00
391,087.50
391,125.00
390,307.50
393,492.50
390,680.00
391,870.00
391,920.00
390,830.00

109,906.15

394,845.00
391,445.00
392,945.00
394,245.00
394,695.00
394,262.50
393,565.00
392,602.50
391,375.00
394,750.00
392,727.50
390,440.00
392,755.00
389,672.50
391,192.50
392,182.50
392,642.50
392,572.50
391,972.50
390,842.50
393,590.00
390,195.00
391,087.50
391,125.00
390,307.50
393,492.50
390,680.00
391,870.00
391,920.00
193,407.50

197,422.50

11,876,733.65

109,906.15

197,422.50

11,569,405.00

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 6

NET DEBT SERVICE
Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Capitalized Interest thru

Debt Service Reserve Fund

Total Debt Service

Net Debt Service

Date

11/1/2026 at 50% of MADS

11/01/2026
05/01/2027
11/01/2027
05/01/2028
11/01/2028
05/01/2029
11/01/2029
05/01/2030
11/01/2030
05/01/2031
11/01/2031
05/01/2032
11/01/2032
05/01/2033
11/01/2033
05/01/2034
11/01/2034
05/01/2035
11/01/2035
05/01/2036
11/01/2036
05/01/2037
11/01/2037
05/01/2038
11/01/2038
05/01/2039
11/01/2039
05/01/2040
11/01/2040
05/01/2041
11/01/2041
05/01/2042
11/01/2042
05/01/2043
11/01/2043
05/01/2044
11/01/2044
05/01/2045
11/01/2045
05/01/2046
11/01/2046
05/01/2047
11/01/2047
05/01/2048
11/01/2048
05/01/2049
11/01/2049
05/01/2050
11/01/2050
05/01/2051
11/01/2051
05/01/2052
11/01/2052
05/01/2053
11/01/2053
05/01/2054
11/01/2054
05/01/2055
11/01/2055
05/01/2056

109,906.15
240,772.50
154,072.50
239,072.50
152,372.50
242,372.50
150,572.50
245,572.50
148,672.50
248,672.50
146,022.50
251,022.50
143,240.00
253,240.00
140,325.00
255,325.00
137,277.50
257,277.50
134,097.50
264,097.50
130,652.50
265,652.50
127,075.00
267,075.00
123,365.00
273,365.00
119,390.00
274,390.00
115,282.50
280,282.50
110,910.00
285,910.00
106,272.50
291,272.50
101,370.00
296,370.00
96,202.50
301,202.50
90,770.00
305,770.00
85,072.50
315,072.50
78,517.50
318,517.50
71,677.50
326,677.50
64,410.00
334,410.00
56,715.00
341,715.00
48,592.50
353,592.50
39,900.00
359,900.00
30,780.00
370,780.00
21,090.00
381,090.00
10,830.00
390,830.00

109,906.15

240,772.50
154,072.50
239,072.50
152,372.50
242,372.50
150,572.50
245,572.50
148,672.50
248,672.50
146,022.50
251,022.50
143,240.00
253,240.00
140,325.00
255,325.00
137,277.50
257,277.50
134,097.50
264,097.50
130,652.50
265,652.50
127,075.00
267,075.00
123,365.00
273,365.00
119,390.00
274,390.00
115,282.50
280,282.50
110,910.00
285,910.00
106,272.50
291,272.50
101,370.00
296,370.00
96,202.50
301,202.50
90,770.00
305,770.00
85,072.50
315,072.50
78,517.50
318,517.50
71,677.50
326,677.50
64,410.00
334,410.00
56,715.00
341,715.00
48,592.50
353,592.50
39,900.00
359,900.00
30,780.00
370,780.00
21,090.00
381,090.00
10,830.00
193,407.50

197,422.50

11,876,733.65

109,906.15

197,422.50

11,569,405.00

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 7

BOND SOLUTION

Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Period Ending

Proposed Principal

Proposed Debt Service

Total Adj Debt Service

Revenue Constraints

Unused Revenues

Debt Service Coverage

11/01/2026
11/01/2027
11/01/2028
11/01/2029
11/01/2030
11/01/2031
11/01/2032
11/01/2033
11/01/2034
11/01/2035
11/01/2036
11/01/2037
11/01/2038
11/01/2039
11/01/2040
11/01/2041
11/01/2042
11/01/2043
11/01/2044
11/01/2045
11/01/2046
11/01/2047
11/01/2048
11/01/2049
11/01/2050
11/01/2051
11/01/2052
11/01/2053
11/01/2054
11/01/2055
11/01/2056

109,906
394,845
391,445
392,945
394,245
394,695
394,263
393,565
392,603
391,375
394,750
392,728
390,440
392,755
389,673
391,193
392,183
392,643
392,573
391,973
390,843
393,590
390,195
391,088
391,125
390,308
393,493
390,680
391,870
391,920
390,830

109,906
394,845
391,445
392,945
394,245
394,695
394,263
393,565
392,603
391,375
394,750
392,728
390,440
392,755
389,673
391,193
392,183
392,643
392,573
391,973
390,843
393,590
390,195
391,088
391,125
390,308
393,493
390,680
391,870
391,920
390,830

-109,906
174
3,574
2,074
774
324
757
1,454
2,417
3,644
269
2,292
4,579
2,264
5,347
3,827
2,837
2,377
2,447
3,047
4,177
1,429
4,824
3,932
3,894
4,712
1,527
4,339
3,149
3,099
4,189

85,000
85,000
90,000
95,000
100,000
105,000
110,000
115,000
120,000
130,000
135,000
140,000
150,000
155,000
165,000
175,000
185,000
195,000
205,000
215,000
230,000
240,000
255,000
270,000
285,000
305,000
320,000
340,000
360,000
380,000

395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019
395,019

100.04%
100.91%
100.53%
100.20%
100.08%
100.19%
100.37%
100.62%
100.93%
100.07%
100.58%
101.17%
100.58%
101.37%
100.98%
100.72%
100.61%
100.62%
100.78%
101.07%
100.36%
101.24%
101.01%
101.00%
101.21%
100.39%
101.11%
100.80%
100.79%
101.07%

5,740,000

11,876,734

11,876,734

11,850,570

-26,164

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 8

COST OF ISSUANCE

Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Cost of Issuance

$/1000

Amount

District Manager Financial Advisory
Assessment Consultant/Disclosure Assistant Bond Counsel
District Engineer District Counsel Underwriter's Counsel Trustee
Trustee's Counsel Printing and Distribution Contingency

1.74216
2.61324
4.70383
9.05923
0.18815
6.09756
7.83972
1.17596
1.17596
0.43554
0.87108

10,000.00
15,000.00
27,000.00
52,000.00
1,080.00
35,000.00
45,000.00
6,750.00
6,750.00
2,500.00
5,000.00

35.90244

206,080.00

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 9

FORM 8038 STATISTICS
Laurel Road Community Development District (City of Venice, Florida)
Capital Improvement Revenue Bonds, Series 2026 PRICING DATE: Wednesday, June 3
FINAL PRICING NUMBERS

Dated Date Delivery Date

06/24/2026
06/24/2026

Redemption at Maturity

Bond Component

Date

Principal

Coupon

Price

Issue Price

Term Bond due 2030:

05/01/2027
05/01/2028
05/01/2029
05/01/2030

85,000.00
85,000.00
90,000.00
95,000.00

4.000%
4.000%
4.000%
4.000%

100.000
100.000
100.000
100.000

85,000.00
85,000.00
90,000.00
95,000.00

85,000.00
85,000.00
90,000.00
95,000.00

Term Bond due 2046:

05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035
05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040
05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
05/01/2046

100,000.00
105,000.00
110,000.00
115,000.00
120,000.00
130,000.00
135,000.00
140,000.00
150,000.00
155,000.00
165,000.00
175,000.00
185,000.00
195,000.00
205,000.00
215,000.00

5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%
5.300%

100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000

100,000.00
105,000.00
110,000.00
115,000.00
120,000.00
130,000.00
135,000.00
140,000.00
150,000.00
155,000.00
165,000.00
175,000.00
185,000.00
195,000.00
205,000.00
215,000.00

100,000.00
105,000.00
110,000.00
115,000.00
120,000.00
130,000.00
135,000.00
140,000.00
150,000.00
155,000.00
165,000.00
175,000.00
185,000.00
195,000.00
205,000.00
215,000.00

Term Bond due 2056:

05/01/2047
05/01/2048
05/01/2049
05/01/2050
05/01/2051
05/01/2052
05/01/2053
05/01/2054
05/01/2055
05/01/2056

230,000.00
240,000.00
255,000.00
270,000.00
285,000.00
305,000.00
320,000.00
340,000.00
360,000.00
380,000.00

5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%
5.700%

99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849
99.849

229,652.70
239,637.60
254,614.95
269,592.30
284,569.65
304,539.45
319,516.80
339,486.60
359,456.40
379,426.20

230,000.00
240,000.00
255,000.00
270,000.00
285,000.00
305,000.00
320,000.00
340,000.00
360,000.00
380,000.00

5,740,000.00

5,735,492.65

5,740,000.00

Stated Redemption at Maturity

Weighted Average Maturity

Maturity Date

Interest
Rate

Issue Price

Yield

Final Maturity Entire Issue

05/01/2056

5.700%

379,426.20
5,735,492.65

380,000.00
5,740,000.00

19.1899

5.5485%

Proceeds used for accrued interest
Proceeds used for bond issuance costs (including underwriters' discount) Proceeds used for credit enhancement
Proceeds allocated to reasonably required reserve or replacement fund

0.00
320,880.00
0.00
197,422.50

Jun 3, 2026 12:22 pm Prepared by MBS Capital Markets

Page 10

Laurel Road Community Development District

Update on the Laurel Widening Project

From: Bobbi Claybrooke <bclaybrooke@amengfl.com>
Sent: Friday, May 29, 2026 3:20 PM
To: David C Weaver <dcweaver@cmroadbuilders.com>; Dan Weaver <dweaver@cmroadbuilders.com>; Adam Robson <arobson@cmroadbuilders.com>; Kara Coggins <kcoggins@ajaxpaving.com>; Jessica Canon <jcanon@ajaxpaving.com>; Kevin Fulcher <kfulcher1@demesite.com>; alex@demesite.com; K.C. Coulthart <kccoulthart@mackenzieco.com>; Scott Huber <shuber@mackenzieco.com>; Ryan Schwarz
<ryan@firethornbuilt.com>; James Thomas <james@firethornbuilt.com>; Gregg Marsh
<gregg@forsbergconstruction.com>; Bruce Wendorf <bruce@forsbergconstruction.com>; Keith Ravazzoli <keith@derrcorp.com>; Ryan Hirstein <ryan@derrcorp.com>; Ed Hicks
<hickse@gatorgap.com>; hicksk@gatorgap.com; Peter Davis <davisp@gatorgap.com>; Greg Baier
<baierg@gatorgap.com>; Chris LaFace <claface@ripaconstruction.com>; Adrian Galloway
<agalloway@ripaconstruction.com>; Fidel Garcia <fgarcia@ryangolf.com>; Jason Coffman
<jcoffman@ryangolf.com>; Don Woodruff <donw@woodruffandsons.com>; Chad Wakeman
<chadw@woodruffandsons.com>; Rick Hoffman <rickh@woodruffandsons.com>
Cc: Erin Childers <echilders@amengfl.com>; Jared (Lorraine Road) Zech <jared.zech@stantec.com>; Harry Russom <hrussom@nealcommunities.com>; Vivian Carvalho <carvalhov@pfm.com>; 'Dale Weidemiller' <dweidemi@tampabay.rr.com>; John Wollard <jwollard@nealcommunities.com>; Roman, Danny <danny.roman@stantec.com>
Subject: Laurel Road Widening

Ladies and Gentlemen,

The bid review committee for the Laurel Road Widening Project has met and has reviewed the bids submitted on August 22nd. Based on the budget available for this project and bid review committee consultation, we have made the decision to reject all bids. We intend to revisit the overall bid package and intend to re-advertise for bid again on or about August 3, 2026.

Bobbi Claybrooke, PE
President and Managing Engineer
AM Engineering, LLC
8340 Consumer Court, Sarasota, FL 34240
Office: (941) 377-9178 ext. 204 | Direct: (941) 867-7799 | BClaybrooke@amengfl.com

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Laurel Road Community Development District

Staff Reports

Laurel Road Community Development District

Field Services Operation Manager

June Story board
Field Operations and Maintenance

Vistera

Summary

Very dry month for landscaping but Impact is doing a good job maintaining the site. More plantings will take place this month.
Lifestyle director brought on E-Bike maintenance vendor.
Stain on the pool loungers, issues with firepits, and small items around the amenity will be the focus for June.

Community Photos

Foged out window, leaning sign, sidewalk crack

Community Photos

Landscape photos

Community Photos

Phase 2

Laurel Road Community Development District

Lifestyle Director

Monthly Summary
Report

May 2026

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

Featured Lifestyle Programs & Events

CINCO DE MAYO NACHOS & TEQUILA
Tuesday, May 5 th 6 : 00 pm - 8 : 00 pm

FOOD TRUCK VISIT: COUSINS MAINE LOBSTER
Wednesday, May 6 th 4 : 00 pm- 8 : 00 pm
Residents and guests enjoyed a visit from Cousins Maine Lobster, conveniently parked in The Club parking lot. The event was promoted through the food truck’s business Facebook page, helping attract additional visitors and support the vendor. Attendees had the opportunity to
purchase a variety of menu favorites, including lobster
rolls, lobster bisque, lobster tots, lobster quesadillas, and more, while gathering with neighbors and enjoying a
unique dining experience close to home.

Cinco de Mayo Nachos & Tequila brought 50–60 residents together for a festive 21+ evening at the Club. Attendees enjoyed a build-your-own nacho bar with a variety of toppings and margaritas in
tropical, watermelon, strawberry, and classic lime flavors, with an optional salted rim. The event
provided a fun and flavorful way for neighbors to celebrate Cinco de Mayo, socialize, and enjoy an evening of great food and drinks.

Featured Lifestyle Programs & Events

LA DOLCE VISTERA: THE COMPANION
COLLECTIVE
Saturday, May 16 th 5 : 30 pm - 7 : 30 pm
As part of our ongoing La Dolce Vistera quarterly mini market
series, The Companion Collective brought together residents and their four-legged friends for an evening of fun, shopping, and socializing. With an estimated 25–30 attendees, the event
featured a complimentary Yappy Hour and wine tasting provided by Back Porch Brewing Co., delicious dog treats available from Lit Dog Treats, and dog-friendly shampoo bars from S&B Soapery.
Residents also had the option to participate in a $7 toy-making workshop hosted by All Ears Dog Training and enjoyed a complimentary dog bandana decorating station hosted by the Lifestyle Team. The event provided a wonderful opportunity for residents and their pups to mingle, support local vendors, and connect with neighbors.

CAMP ADVENTURE:
MEMORIAL DAY EXPEDITION
Monday, May 25 th 11 : 00 am - 9 : 00 pm
Camp Adventure: Memorial Day Expedition brought residents together for a day of camp-themed fun, friendly competition, and community connection. The Lifestyle Team offered a variety of family-friendly and adult-only activities throughout the day, allowing attendees to participate in their favorites. Highlights
included a camp-themed scavenger hunt, a visit from Simply Greek by Wynberry food truck, Adult and Kids Splash & Solve Trivia, a sponge relay race, water balloon toss, paracord bracelet craft, and s’mores on the patio. The event welcomed approximately 40
attendees throughout the day, with 10–15 participants joining each scheduled activity.

MOTHER’ S DAY BRUNCH
Saturday, May 9 th 10 : 00 am- 12 : 00 pm
Vistera residents and under-contract homeowners enjoyed a delightful Mother’s Day Brunch featuring a continental breakfast spread of pastries, fresh fruit,
yogurt, coffee, and refreshing “Mom-osas.” Little ones created handmade paper lilies as a heartfelt gift for Mom, adding a special touch to the celebration. With 25
attendees, the event provided a wonderful opportunity for families to connect while honoring the mothers and mother figures in our community.

Lifestyle Program Attendance

DATE(S)

PROGRAM DETAILS

ADDITIONAL NOTES

Tuesday, May 5th

Tuesday Card & Tile Club

Club Meeting

Tuesday, May 5th

Cinco de Mayo Nachos & Tequila

21+ Event; estimated 50-60 attendees

Wednesday, May 6th

Food Truck Visit: Cousins Maine Lobster

Estimated 10 families purchased

Wednesday, May 6th

Bunco Club

Club Meeting

Saturday, May 9th

Mother’s Day Brunch

Estimated 25 attendees

Tuesday, May 12th

Tuesday Card & Tile Club

Club Meeting

Saturday, May 16th

La Dolce Vistera: The Companion Collective

Estimated 25-30 attendees

Tuesday, May 19th

Tuesday Card & Tile Club

Club Meeting

Wednesday, May 20th

Vistera Page Turners Club

Club Meeting

Monday, May 25th

Camp Adventure: Memorial Day Expedition

All day event; estimated 40 attendees

Tuesday, May 26th

Tuesday Card & Tile Club

Club Meeting

SPACE

Fitness Center Club Lounge Game Room Pool
Kids Corner

E-Bikes Rentals

AVERAGE BY DAY

9-16 Times

1-4 Times

1-4 Times

9-16 Times

1-4 Times

1-4 Times per month

Private Facility Rental By Room
Club Lounge Game Room

Monthly Rental Occurrence

0

1-4 Times

Facility Utilization

Approved Rental Requests in May 1

SPACE

Amenity TVs

Outdoor Firepit - Event Lawn

Pool Deck

Grill - Pool Deck

Emergency Phone

Screened-In Patio

ITEM

Rokus removed from Moyps. Control4 no longer used to change channels, only ambient music. TVs turn on automatically, but channels changed with Roku remotes. Wall mounted remote holders ordered.

4 new white adirondack chairs and firepit arrived from NLN. Chairs and firepit assembled by Amenity Maintenance Specialist, Ati.

Pool deck chairs were turning a rust orange color. Pool was closed temporarily, so Daystar could pressure wash them with a combination of degreaser and bleach.

The grill ignition was not working. Battery located and replaced.

Upon calling, emergency phone does not connect to any respresentative or company. Field Services working to resolve.

Door hinge broke off and was missing two screws. Replacements purchased and door was fixed by Ati.

STATUS

Completed

Completed

Completed

Completed

Requested

Completed

Facility Operations & Maintenance

SPACE

Amenity Fire Extinguishers

E-Bike Maintenance

Path to Outdoor Fireplace

Holiday Lights

Kitchen/Operations

E-Bikes

Pool/Club Exterior

ITEM

With the help of Field Services, new contract was acquired with Pye Barker to perform fire extinguisher inspections. Pye Barker came onsite to renew tags on 5/28/26 and discovered 2 fire extinguishers must be added to outdoor spaces at The Club. Awaiting proposal approval.
With approval from Field Services, new agreement acquired with Voltaire E-Bikes to provide twice yearly full service tune ups to all E-Bikes.
Crack observed in sidewalk between E-Bikes and outdoor fireplace. Field Services notified.

Proposal for 2026 holiday lights signed by Lifestyle Director. Working with Land Development to install another outlet at the Border Rd gates.

Florida Sales tax certificate acquired. Lifestyle Team and NLN Marketing may now sell Vistera mugs and future merchanise.

Aventon brand water bottle holders and mirrors purchased for E-Bikes. Ati will install the new accessories on the bikes.
Increased bug presence in the pool and exterior of the building. S&G Pools asked to raise water level and vauum the pool as bugs are accumulating quickly. When time allows, Lifestyle team skims bugs in
between pool tech visits.

STATUS

Awaiting Approval

Completed

Requested

Completed

Completed

In Progress

Completed

Facility Operations & Maintenance Cont.

FEEDBACK

Positive

Positive

Positive

Positive

COMMENT

Sydney spoke with residents Robert and Michelle B., who were incredibly complimentary of the Lifestyle team and specially Ati. They shared Ati is “so nice!” They also shared they are very pleased with the upkeep of the amenities. Both Robert and Michelle had questions about speeding and the vehicular gates.

NLN Marketing Team received a 100% positive rating from a 7-month new resident survey, from resident Sally B. Direct quote: “Sydney is very organized and kind.”

Resident Winola D., was struggling with her Proptia app glitching. Sydney put in a ticket to Safetouch, and Rob Franco from the company was able to call Winola. Her app issue was resolved, and Rob stated “You are very lucky to have Sydney onsite, she’s great.” Winola came to tell Sydney she could not agree more with Rob’s comments and to thank her for resoving her app issues. “
Resident Kathy K. expressed concerns regarding the pool conditions after noticing a low water level and the presence of bugs. Following coordination with S&G Pools to address and resolve the issue, Kathy shared the following feedback: “Thank you, Sydney, for all
your efforts in implementing the changes to the pool conditions. The pool was pristine this morning!”

ACTION TAKEN

Sydney thanked both residents for their kind words, and echoed just how wonderful Ati is. Sydney also let the residents know that the CDD would be the party to reach out to regarding their speeding concerns, and mentioned they can attend meetings as well.

Review was forwarded on to Lifestyle Team. Sydney will throughly thank Sally when she sees her next.

Sydney shared with Winola her kind words made her day, and thanked Rob over at SafeTouch as well.

Sydney thanked Kathy and continues to monitor the pool amid increased bug presence and resident usage.

Customer Service & Staffing

COMMUNITY IN ACTION

PROGRAM

Live! On the Loggia

Design with Wine: Painted Citrus Serving Trays Margaritaville Mixer
Father’s Day Pints & Pops

Summer Kickoff Party

STATUS
June Event June Event June Event June Event June Event

CURRENT ACTION ITEMS

Hire and Onboard Community Relations Associate - Ongoing

New Outdoor Firepit

RESPONSIBILITY

Sydney is looking for to hire an individual that can assist with Resident Services, prospect tours and administrative needs on weekends and when she is out of office.

The Lifestyle Team is building and arranging new outdoor furniture for the newly paved firepit area behind the pool, enhancing the overall functionality and guest experience of the space. The team is also collaborating with NLN Marketing on updated signage to clearly communicate firepit rules and regulations.

DUE DATE

Ongoing

June 30th

Forecast

June 5th

June 10th

June 12th

June 20th

June 27th

Laurel Road Community Development District

AUDITOR SELECTION COMMITTEE MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Laurel Road Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District’s financial records for the fiscal year ending September 30, 2026, with an option for two
(2) additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in Sarasota County and has an operating budget of approximately $866,511.37. The final contract will require that, among other things, the audit for Fiscal Year 2026 be completed no later than June 1, 2027.

Each auditing entity submitting a proposal must be authorized to do business in Florida; hold all applicable state and federal professional licenses in good standing, including but not limited to a license under Chapter 473, Florida Statutes; and be qualified to conduct audits in accordance with “Government Auditing Standards,” as adopted by the Florida Board of Accountancy. Audits shall be conducted in accordance with Florida law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include additional qualification requirements, evaluation criteria and instructions to proposers, are available from the District Manager at the address and telephone number listed below.

Proposers must provide three (3) hard copies of their proposal and one (1) electronic copy (flash drive) to Vivian Carvalho, District Manager, located at 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817 in an envelope marked on the outside “Auditing Services – Laurel Road Community Development District.” Proposals must be received by July 29, 2026, at 5:00 p.m., at the office of the District Manager. Please direct all questions regarding this Request for Proposals to the District Manager, who can be reached at (407) 723-5900.

Any protest regarding the terms of this Notice, or the proposal packages on file with the District Manager, must be filed in writing at the offices of the District Manager within seventy-two (72) calendar hours (excluding weekends) after publication of this Notice. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid Notice or proposal package pro visions.

Vivian Carvalho District Manager

RUN DATE: 	

Laurel Road Community Development District Request for Proposals

District Auditing Services for Fiscal Year 2026
Sarasota County, Florida

Instructions to Proposers

Section 1.

DUE DATE. Sealed proposals must be received no later than July

29, 2026, at 5:00 p.m., at the offices of the District Manager, PFM Management Services LLC., located at 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817.

Section 2.

Familiarity with the Law.	By submitting a proposal, the

Proposer is assumed to be familiar with all federal, state, and local laws, ordinances,

rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

Section 3.

Qualifications of Proposer. The contract, if awarded, will only

be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

Section 4.

Submission

of Only One Proposal.	Proposers shall be rejected if the District has reason to believe that

disqualified, and their proposals

collusion may exist among the Proposers, the Proposer has defaulted on any previous

contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

Section 5.

Submission of Proposal. Each Proposer shall submit three (3)

hard copies and one (1) electronic copy (flash drive) of the Proposal Documents (defined below), and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Laurel Road Community Development District” on the face of it.

Section 6.

Modification and Withdrawal. Proposals may be modified or

withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.

Section 7.

Proposal Documents. The proposal documents shall consist of

the notice announcing the request for proposals, these instructions, the evaluation

criteria and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

Section 8.

Proposal. In making its proposal, each Proposer represents that

it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

Section 9.	Basis of Award/Right to Reject. The District reserves the right

to reject any and all proposals, make

modifications to the work, and waive any as it is deemed in the best interests of the

informalities or irregularities in proposals District.

Section 10.

Contract Award.

Within fourteen (14) days of receipt of the

Notice of Award from the District, the Proposer shall enter into and execute a contract or engagement letter with the District.

Section 11. Limitation of Liability. Nothing herein shall be construed as or constitute a waiver of Districts limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

Section 12.

Contents  of  Proposals.

All proposals shall include the

following information in addition to any other requirements of the Proposal Documents.

A.

List position or title of all personnel to perform work on the District audit. Include resumes for each person listed; list years of experience in present position for each party listed and years of related experience.

B.

Describe proposed staffing levels, including resumes with applicable certifications.

C.

Provide three (3) references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person. Identify any work previously conducted for other community development districts.

D.

The lump sum cost of the provision of the services under the proposal, plus the cost of two (2) annual renewals.

Section 13.

Protests. In accordance with the District’s Rules of Procedure,

any protest regarding the Proposal Documents, must be filed in writing, at the offices of

the District Manager, within seventy-two (72) hours after the receipt of the proposed contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid contract award.

Section 14.

Evaluation of Proposals. The criteria to be used in the evaluation of

proposals are presented in the evaluation criteria, contained within the Proposal Documents.

AUDITOR SELECTION EVALUATION CRITERIA (WITH PRICE)

1.

Ability of Personnel.

(20 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing workload; proposed staffing levels, etc.

2.

Proposer’s Experience.

(20 Points)

This includes past record and experience of volume of work previously performed by the community development districts in other reputation, of respondent, etc.

the Proposer in similar projects; firm; past performance for other contracts; character, integrity,

3.

Understanding of Scope of Work.

(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

4.

Ability to Furnish the Required Services.

(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.

5.

Price.

(20 Points)

Points will be awarded based upon the lowest total bid for rendering the services and the reasonableness of the proposal.

AUDITOR SELECTION EVALUATION CRITERIA (WITHOUT PRICE)

1.

Ability of Personnel.

(25 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing workload; proposed staffing levels, etc.

2.

Proposer’s Experience.

(25 Points)

This includes past record and experience of volume of work previously performed by the community development districts in other reputation, of respondent, etc.

the Proposer in similar projects; firm; past performance for other contracts; character, integrity,

3.

Understanding of Scope of Work.

(25 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

4.

Ability to Furnish the Required Services.

(25 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.