Verano #5 Community Development District

http://www.Verano5cdd.com

Josh Hoot, Vice Chairman Marshall Kutz, Assistant Secretary Shane Dinatali, Assistant Secretary
Joshua Wortman, Assistant Secretary

April 23, 2026

Seat 1: Josh Hoot – (V.C.)		
Seat 2: Open Seat		
Seat 3: Marshall Kutz – (A.S.)		
Seat 5: Shane Dinatali – (A.S.)		
Seat 4: Joshua Wortman – (A.S.)		

Verano #5
Community Development District
Revised Special Meeting Agenda
Thursday	Verano Social Clubhouse
April 23, 2026	10291 SW Visconti Way, Port St. Lucie, FL 10:30 a.m.		Join the meeting Now
Meeting ID: 262 586 007 481 355 and Passcode: JV3AV7P5
1 872-240-4685 and Phone Conference ID: 754 748 933#

Roll Call

Organizational Matter
Consideration of Appointment to Fill Unexpired Term(s) of Office(s) – Seat #2 (11/2026)

Oath of Office for Newly Appointed Supervisor(s) – Page 4

Election of Officer(s)

Approval of Minutes of the October 30, 2025 Meeting – Page 5

Consideration of:
Resolution #2026-05 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing – Page 11
Resolution #2026-06 Landowners Resolution – Page 20
Cost Share Agreement (Commercial Percel) with PSL Land Investments, LLC – Page 26
Ratification of Agreement for Engineering Services with Mills, Short & Associates, LLC – Page 35

Acceptance of Audit for Fiscal Year Ending in September 30, 2025 – Page 53

Discussion of:
Rules – Page 84

Second Amended and Restated Interlocal Agreement – Page 164

Staff Reports
Attorney

Engineer – Lake Bank Preservation Report – Page 181

Manager
Landscape Replacement Proposals – Freeze Damage Verano Parkway – Page 189

Number of Registered Voters in the District – 0 – Page 191

Financial Reports
Acceptance of Check Run Summary – Page 192

Acceptance of Unaudited Financials – Page 220

Supervisors Requests and Audience Comments

Adjournment

Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.verano5cdd.com

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Verano #5 Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Verano #5 Community Development District, 		County, Florida.
Signature: 	 Mailing Address: 	

County of Residence: 	 Telephone #: 	 E-mail: 	
Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires

Personally known 	 or produced identification 	 Type of identification		

MINUTES OF MEETING VERANO #5
COMMUNITY DEVELOPMENT DISTRICT

The special meeting of the Board of Supervisors of Verano #5 Community Development Districts was held on Thursday, October 30, 2025, at 8:30 a.m. at 10291 SW Visconti Way, Port St. Lucie, Florida.

Present and constituting a quorum were:

Josh Hoot	Chairman
Marshall Kutz	Vice Chairman
Shane Dinatali	Assistant Secretary
Joshua Wortman	Assistant Secretary

Also present were:
Andressa Hinz Philippi	District Manager
Jere Earlywine	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Ms. Hinz Philippi called the meeting to order and called the roll.
Ms. Hinz Philippi stated she had received a resignation letter from Mr. Darren Weimer stating he wished to resign from Verano #4 and Verano #5 CDD Boards. She then asked for a motion to accept his resignation letter.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, accepting the resignation letter from Mr. Darren Weimer to resign from Verano #4 and Verano #5 CDD Boards was approved.

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment to Fill Unexpired Term(s) of Office(s) – Seat #4 (11/2028) and Seat #5 (11/2026)
Oath of Office for Newly Appointed Supervisor(s)
Ms. Hinz Philippi then asked the Board if there was anyone they wished to appoint to the unexpired term of office for seat #4 or seat #5.

October 30, 2025	Verano #5 CDD

Mr. Hoot made a motion to appoint Shane Dinatali to one of the open seats on the Board, seat #5.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, appointing Shane Dinatali to fill the unexpired term of office for seat #5 was approved.

Mr. Hoot made a motion to appoint Joshua Wortman to one of the open seats on the Board, seat #4.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, appointing Joshua Wortman to fill the unexpired term of office for seat #4 was approved.

Ms. Hinz Philippi then administered the oath of office to Mr. Shane Dinatali for seat #5, and Mr. Joshua Wortman for seat #4 for Verano #5.
Election of Officers
Ms. Hinz Philippi moved to the election of officers, and read the current slate of officers into the record stating they would need to elect a chairman and a vice chairman, and then the remaining Board members would serve as assistant secretaries.
Mr. Hoot made a motion for himself to serve as chairman.
Ms. Hinz Philippi then asked who would serve as the vice chairman. Mr. Hoot made a motion for Marshall Kutz to serve as vice chairman.
Mr. Earlywine suggested they could then make the other officers assistant secretaries.
Mr. Hoot stated he would serve as Chairman and they could keep the other existing officers the same and add Shane Dinatali and Joshua Wortman as assistant secretaries.

On MOTION by Mr. Hoot seconded by Mr. Dinatali with all in favor, Election of officers, electing Josh Hoot as Chairman, Marshall Kutz as vice chairman, also adding Shane Dinatali and Joshua Wortman as assistant secretaries and keeping all other officers the same was approved.

October 30, 2025	Verano #5 CDD

THIRD ORDER OF BUSINESS	Approval of the Minutes of the
August 21, 2025 Meeting
Ms. Hinz Philippi presented the minutes from the August 21, 2025 meeting, asked for any comments, additions, corrections or deletions, and upon hearing none, asked for a motion to approve the minutes.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, the Minutes of the August 21, 2025 Meeting were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution
#2026-01 Designating Jere Earlywine of Kutak Rock, LLP as the District’s Registered Agent
Ms. Hinz Philippi presented Resolution #2026-01 designating Jere Earlywine of Kutak Rock, LLC as the District’s registered agent and gave a brief explanation of this item. She then asked for any questions or comments, and upon hearing none, asked for a motion to approve the resolution.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, Resolution #2026-01 designating Jere Earlywine of Kutak Rock, LLC as the District’s Registered Agent was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution
#2026-02 Budget Amendment
Ms. Hinz Philippi presented Resolution #2026-02 the budget amendment and gave a brief explanation of this item. She then asked for any questions or comments, and upon hearing none, asked for a motion to approve the resolution.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, Resolution #2026-02 the Budget Amendment was approved.

SIXTH ORDER OF BUSINESS	Consideration of Resolution #2026-03
Authorizing	an	Amendment	to	the District’s Boundaries
Boundary Amendment Funding Agreement (2025)
Mr. Earlywine presented Resolution #2026-03 authorizing an amendment to the District’s boundaries and gave a brief explanation of this item.	He then asked for any

October 30, 2025	Verano #5 CDD

questions or comments, and upon hearing none, asked for a motion to approve the resolution and the boundary funding agreement for 2025.
(At this point there was a brief discussion among the Board members, Mr. Earlywine and Ms. Hinz Philippi relating to this item)

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, Resolution #2026-03 authorizing an Amendment to the District’s Boundaries and also the Boundary Amendment Funding Agreement (2025) was approved.

SEVENTH ORDER OF BUSINESS    Approval of Cost Share Agreement
(Commercial Parcel)
Mr. Earlywine presented the cost share agreement for the commercial parcel and gave a brief explanation stating the agreement was still being reviewed by developer’s counsel so this would need to be approved in substantial final form. He then asked for any questions or comments, and upon hearing none, asked for a motion to approve the agreement in substantial final form.
(At this point there was a brief discussion among the Board members and Mr.
Earlywine relating to this item)

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, the Cost Share Agreement (Commercial Parcel) in substantial final form was approved.

EIGHTH ORDER OF BUSINESS	Ratification of:
Addendum to Auditor Engagement Letter
Retention and Fee Agreement with Kutak Rock, LLP
Ms. Hinz Philippi presented the addendum to auditor engagement letter and the retention and fee agreement with Kutak Rock for ratification stating these items were previously approved by the Board at a prior meeting and were just being brought back to the Board for ratification of the District’s records. She then asked for any questions or comments, and upon hearing none, asked for one motion to ratify.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, ratifying both items A and B listed above was approved.

October 30, 2025	Verano #5 CDD

NINTH ORDER OF BUSINESS	Ranking	of	Respondents	to
Engineering Proposals
Ms. Hinz Philippi presented the ranking of respondents to engineering proposals stating they had received only one response from Mills, Short & Associates and Mr. Brandon Ulmer was in attendance to answer any questions the Board may have regarding his proposal. She then stated the Board would need to rank Mills, Short & Associates as the #1 ranked engineering firm to move forward and authorize District staff to prepare an agreement. Ms. Hinz Philippi then asked for any questions or comments, and upon hearing none, asked for a motion to rank Mills, Short & Associates as the #1 ranked engineering firm.

On MOTION by Mr. Hoot seconded by Mr. Dinatali with all in favor, accepting the ranking of respondents to the RFP, and ranking Mills, Short & Associates as the #1 ranked engineering firm and authorizing staff to enter into an agreement was approved.

TENTH ORDER OF BUSINESS	Staff Reports
Attorney
There not being any report, the next item followed.

Engineer
There not being any report, the next item followed.

Manager – Final Approval of the FY 2024 Report Performance Measures and Standards
Ms. Hinz Philippi presented the final approval of the FY2024 report performance measures and standards which was included in the agenda. She then gave a brief explanation of the report and asked for any questions or comments. Upon hearing none, she asked for a motion to accept the report.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, the final approval of the FY2024 Report Performance Measures and Standards was approved.

October 30, 2025	Verano #5 CDD

ELEVENTH ORDER OF BUSINESS	Financial Reports
Check Run Summary
Acceptance of Unaudited Financials
Ms. Hinz Philippi presented the check run summary and the unaudited financials and asked for any comments or questions. Upon hearing none, he asked for a motion to accept the financials.

On MOTION by Mr. Hoot seconded by Mr. with all in favor, the Check Run Summary and the Unaudited Financials were approved.

TWELFTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Hinz Phillip asked for any Supervisor’s requests and upon hearing none, she asked for any audience comments and stated there was no audience present for any comments.

THIRTEENTH ORDER OF BUSINESS	Adjournment
Ms. Hinz Philippi asked if there was anything else to discuss and upon not hearing any, asked for a motion to adjourn the meeting.

On MOTION by Mr. Hoot seconded by Mr. Kutz with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

RESOLUTION 2026-05
A RESOLUTION OF THE VERANO #5 COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT’S PROPOSED BUDGET FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year
2027; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.008(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERANO #5 COMMUNITY DEVELOPMENT DISTRICT:
The proposed budget for Fiscal Year 2027 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: 	 Hour: 	 Place: 	

Notice of public hearing shall be published in accordance with Florida Law. Adopted this 	 day of 	, 2026

Chairman/Vice Chairman

Secretary/Assistant Secretary

Verano #5
Community Development District

Proposed Budget
FY 2027

Table of Contents

1-3

4-6

	General Fund

	Narratives

7		Assessment Schedules

Verano #5	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed
Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Maintenance Assessments - V#1 S2015	$	62,122	$	59,487	$	2,635	$	62,122	$	-	
Maintenance Assessments - V#1 S2017	86,910	80,892	6,017	86,910	-	
Maintenance Assessments - V#2 S2017	308,523	300,267	8,257	308,523	-	
Maintenance Assessments - V#2 S2020	301,753	287,717	14,036	301,753	-	
Maintenance Assessments - V#2 S2024	110,041	108,866	1,175	110,041	-	
Maintenance Assessments - V#3 S2021	649,498	644,635	4,864	649,498	-	
Maintenance Assessments - V#3 S2022	753,580	746,504	7,076	753,580	-	
Maintenance Assessments - V#4 S2023	41,525	39,456	2,069	41,525	-	
Maintenance Assessments - V#4 S2025	44,085	42,801	1,284	44,085	-	
Maintenance Assessments - V#5	38,523	38,523	-	38,523	38,523	
Maintenance Assessments - V Center	13,377	14,227	-	14,227	-	
Developer owned unplatted lots	-	-	-	-	29,092	
Stormwater Rebate Fees	680,228	753,257	75,743	829,000	829,394	
Interest Income	30,797	21,951	8,846	30,797	20,000	
Carry Forward Surplus	-	-	-	-	35,000	

TOTAL REVENUES	$	3,120,961	$	3,138,582	$	132,001	$	3,270,583	$	952,010	

EXPENDITURES:

Administrative:						
Engineering	$	20,000	$	2,750	$	17,250	$	20,000	$	5,000	
Attorney	20,000	44,862	20,000	64,862	10,000	
Annual Audit	5,000	4,600	-	4,600	5,000	
Assessement Roll Administration	15,000	15,000	-	15,000	1,500	
Dissemination Agent	5,000	2,500	2,500	5,000	2,500	
Dissemination Agent Software		5,000	-	5,000	5,000	
Management Fees	150,000	75,000	75,000	150,000	25,000	
Trustee Fees	-	-	-	-	4,000	
Information Technology	-	-	-	-	-	
Website Maintenance	827	414	414	827	827	
Telephone	50	-	50	50	-	
Postage	900	422	478	900	500	
Insurance General Liability	5,720	5,512	-	5,512	6,063	
Printing & Binding	2,000	8	500	508	500	
Legal Advertising	1,300	865	435	1,300	500	
Other Current Charges	650	195	400	595	1,000	
Office Supplies	300	0	100	100	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	300	-	-	-	-	

TOTAL ADMINISTRATIVE	$	227,222	$	157,303	$	117,127	$	274,430	$	67,616	

Verano #5	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed
Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

Operations & Maintenance

Field

Wetland Preserve and Mitigation	25,000	-	35,000	35,000	35,000	

TOTAL FIELD	$	25,000	$	-	$	35,000	$	35,000	$	35,000	

Master Right-Off-Way

Field Management	$	26,460	$	12,000	$	12,000	$	24,000	$	-	
Electric streetlights	40,200	16,805	23,395	40,200	-	
Landscape Verano Parkway	163,242	82,214	81,028	163,242	-	
Irriagion maintenance	5,000	523	4,477	5,000	-	

TOTAL MASTER RIGHT-OFF-WAY	$	234,902	$	111,542	$	120,900	$	232,442	$	-	

Stormwater 

Lake Maintenance						
Verano # 1	55,685	22,177	22,175	44,352	-	
Verano # 2	96,520	42,000	42,000	84,000	-	
Verano # 3	51,839	20,310	20,310	40,620	-	
Verano # 4	79,181	19,020	19,020	38,040	-	

Lake Bank Mowing						
Verano # 1	88,251	38,186	38,386	76,572	-	
Verano # 2	100,191	46,382	41,782	88,164	-	
Verano # 3	35,597	17,280	17,280	34,560	-	
Verano # 4	139,472	46,901	46,903	93,804	-	

Mosquito Control						
Verano # 3	-	-	25,876	25,876	-	

Field Management	-	-	-	-	10,000	
Lake Bank Mowing	-	-	-	-	9,000	
Lake Maintenance	-	-	-	-	8,421	
Water Sampling-BMAP	8,000	3,705	4,295	8,000	376	

Contingency	302,489	454	-	454	20,000	
Reserve for Lake/Lake Banks	-	-	365,037	365,037	153,142	

TOTAL STORMWATER MAINTENANCE	$	957,224	$	256,416	$	643,063	$	899,479	$	200,940	

TOTAL OPERATING AND MAINTEANCE	$	1,217,126	$	367,958	$	798,963	$	1,166,921	$	235,940	

TOTAL EXPENDITURES	$	1,444,348	$	525,260	$	916,090	$	1,441,350	$	303,555	

Other Sources/(Uses)

Intergovernmental Transfer	$	(1,676,613)	$	(1,777,818)	$	(16,415)	$	(1,794,233)	$	-	
Transfer Stormwater Fees		-	-	-	(648,454)	

TOTAL OTHER SOURCES/(USES)	$  (1,676,613)	$  (1,777,818)	$	(16,415)	$  (1,794,233)	$	(648,454)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	835,504	$	(800,504)	$	35,000	$	-	

Verano #5	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed
Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

Assessment Table

	
Verano #5	
Product	Assessable
Units	Total Gross
Assessment	Gross Per Unit
FY2026	Gross Per Unit
FY2027	Increase/
(Decrease)	
40's	57	$	7,791.90	$	136.70	$	136.70	$	-	
50's	153	$	24,053.13	$	157.21	$	157.21	$	-	
60's	53	$	9,635.93	$	181.81	$	181.81	$	-	
70's	2	$	392.34	$	196.17	$	196.17	$	-	
Total Gross	265	$	41,873.30				
Total Net		$	38,523.44				

Verano #5	
Community Development District	
Budget Narrative	
FY 2027	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Stormwater Rebate Fees	
The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides all these services. Stormwater fees are collected in Verano # 5 and transferred to each Verano as needed.	
Developer owned unplatted lots	
The District will bill the developer of unplatted lots within the Districts to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	

Supervisors Fees			
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes			
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering			
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney			
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit			
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration			
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Dissemination Software			
Continuing Disclosure software that FMS Bonds requires all Districts and Developers to use when bonds are issued.	
Vendor	Description		
Disclosure Technology Services	Reporting Software	$5,000	

Verano #5	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (Continued)	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Verano #5	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures – Stormwater O&M	

Field Management					
The District has contracted with Lang Management Service for on-site field management of contracts for District services such as landscaping and lake maintenance.	
	Vendor	Description	Monthly fee	Annual	
	Lang Management Services	Operating Mgmt	$833	$10,000	
Lake Bank Mowing					
Mowing of the landscape between Verano # 2 and Verano # 3.	
	Vendor	Description	monthly	Total	
	TBD	Lake maintenance	$750	$9,000	
Landscape Maintenance					
Mowing of the landscape between Verano # 2 and Verano # 3.	
	Vendor	Description	monthly	Total	
	TDB	Landscape mowing	$702	$8,421	
Water Sampling BMAP					
St. Lucie & Estuary Basin Management Action Plan-Per recommendation of the District’s engineer, quarterly water samples will be taken in 3 locations to monitor water quality	
Vendor	Description		total units	Total	
Pace Analytical Service	Water Testing		265	$376	

Reserve Lake/Lake Banks	
Reserve for Lake and Lake bank erosion.	

Other Sources/(Uses)	

Transfer Stormwater Fees	
Verano#5 will transfer stormwater fees to each Verano as needed.	

RESOLUTION 2026-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANO #5 COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Verano #5 Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Port St. Lucie, St. Lucie County, Florida; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERANO #5 COMMUNITY DEVELOPMENT DISTRICT:

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS. The Board is currently
made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Josh Hoot	2026	
2	Vacant	2026	
3	Marshall Kutz	2028	
4	Joshua Wortman	2028	
5	Shane DInatali	2026	

This year, Seat 1, currently held by Josh Hoot, Seat 2, currently Vacant and Seat 5, currently held by Shane Dinatali, are subject to election by landowners in November 2026. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 	 day of November, 2026, at     a/p.m., and located at 	.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.

FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its 	, 2026 meeting. A

sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the District’s Local Records Office, located at
	, or at the office of the District Manager, Governmental Management Services, 5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone (954) 721-8681, AHPhilippi@gmssf.com.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 	 DAY OF 	, 2026.

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY

EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE VERANO #5 COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within Verano #5 Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 486.228 acres, located southeast of Glades Cut Off Road, southwest of C-24 Canal and north of Crosstown Parkway, in St. Lucie County, Florida, advising that a meeting of landowners will be held for the purpose of electing three (3) person/people to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE:		
TIME:		
PLACE:		

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services, 5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone (954) 721-8681, AHPhilippi@gmssf.com (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

District Manager
Run Date(s): 	 & 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF VERANO #5 COMMUNITY DEVELOPMENT DISTRICT
FOR THE ELECTION OF SUPERVISORS DATE OF LANDOWNERS’ MEETING: 	, November  , 2026 TIME: 	 _.M.
LOCATION:

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

LANDOWNER PROXY

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT ST. LUCIE COUNTY, FLORIDA
LANDOWNERS’ MEETING – [DATE]

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 		 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Verano #5 Community Development District to be held at 	, on 	 , at    a/p.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes (2025), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
VERANO #5 COMMUNITY DEVELOPMENT DISTRICT ST. LUCIE COUNTY, FLORIDA
LANDOWNERS’ MEETING - NOVEMBER   , 2026

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Verano #5 Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or

Attach Proxy.

I,		,	as	Landowner,	or	as	the	proxy	holder	of
	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	

			

Date: 		Signed: 	
Printed Name: 	

This instrument was prepared by:

Jere Earlywine Kutak Rock LLP
107 W. College Ave. Tallahassee, Florida 32301

COST SHARE AGREEMENT
(Commercial Parcel)

THIS COST SHARE AGREEMENT (“Agreement”) is made and entered into, by and between the following parties, and shall be effective upon full execution of this Agreement:

Verano 5 Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and whose mailing address is c/o GMS-SF, LLC, 5385 N. Nob Hill Road, Sunrise, Florida 33351 (“District”); and

PSL Land Investments LLC, a Florida limited liability company, and with an address of 105 NE 1st Street, Delray Beach, Florida 33444-3807 (“Landowner”).

RECITALS

WHEREAS, the District was established pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (“Act”), and is validly existing under the Constitution and laws of the State of Florida; and

WHEREAS, the Landowner presently owns certain lands described in Exhibit A (together, “Property”), which Property is intended to be developed into commercial or other property; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District is authorized to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities, and services, and to operate and maintain such improvements and facilities; and

WHEREAS, the District’s capital improvement plan includes stormwater improvements (together, “Improvements”) that benefit lands within the District as well as the Property;1 and

WHEREAS, the Improvements are required to be developed in order for the lands within the District to be developed; and

WHEREAS, for efficiency, the District and the Landowner desire for the District to undertake the operation and maintenance of the Improvements, and the Landowner has agreed to pay for its share of the maintenance costs, as set forth herein;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the District and the Landowner agree as

1 As a point of clarification, the District shall NOT be responsible for any stormwater or other improvements located on the Property – the Improvements include only those stormwater system components located within the boundaries of the Verano CDDs 1 through 5 (and Verano Center CDD) and NOT within the Property.

follows:

INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated as a material part of this Agreement.

OPERATION AND MAINTENANCE OF IMPROVEMENTS. The District and the Landowner acknowledge and agree that:

The District shall be responsible for the operation, maintenance, repair and replacement of the Improvements upon transfer to, and acceptance by, the District.

The parties agree that the Landowner shall be responsible for a portion of the costs (“Shared Expenses”) of the District’s annual budget(s), as reasonably determined by the District’s Manager in accordance with Chapter 190, Florida Statutes, based on legal principles governing non ad valorem special assessments in Florida (i.e., as though special assessments were being levied on the Property), and based on the District’s applicable assessment methodologies, as may be amended from time to time in the District's reasonable discretion. As set forth in more detail in the District’s annual budget(s), the District Manager shall assign a certain number of “Equivalent Assessment Units” or “EAUs” to the Property based on the actual development of the lands within the Property. The Landowner’s funding obligation hereunder shall commence for the first time in the District fiscal year in which a certificate of occupancy is issued on the first residential home, commercial or industrial building, or other similar structure is constructed within the Property. To the extent that the Property is subdivided, the owner of each subdivided parcel shall be jointly and severally liable with all other owners of subdivided parcels for the full amount of Shared Expenses allocated to the entire original Property, with each owner being responsible for funding its proportionate share of the Shared Expenses based on the actual development of the lands within the subdivided parcel. Each subdivided parcel owner's joint and several liability shall survive any subsequent transfers of their respective parcels. The Landowner shall provide written notice to the District of any subdivision or transfer of any portion of the Property within ten (10) days of such subdivision or transfer.

For example, and without intending to limit any of the foregoing language, if commercial buildings with 45,000 SF of commercial space are constructed on the Property within Fiscal Year 2027, and the District’s Assessment Consultant determines that 1,000 SF of commercial space equates to 0.78 EAUs, and the District’s Fiscal Year 2027 budget allocates $136 per 1 EAU, then the Landowner of the Property would owe 45,000 / 1,000 * 0.78, or 35.1 EAUs x $136/EAU, resulting in Shared Expenses of
$4,773.60 for Fiscal Year 2027.

To the extent that the District receives “Stormwater Fees” from St. Lucie County pursuant to that certain Second Amended and Restated Interlocal Agreement to Provide Maintenance of the Stormwater Management System for the Verano Community Development Districts between the District and the County, as amended from time to time, and such Stormwater Fees are attributable to the Property for payment of Shared Expenses hereunder relating to the maintenance of the District’s stormwater system, and assuming that the Landowner is not in default under this Agreement, the District shall remit the portion of the Stormwater Fees attributable to the Property to the Landowner within thirty (30) days of receipt from the County.

In connection with the District’s annual budget process which begins prior to June 15

of each year and ends no later than September 30 of each year, the District will post its proposed budget on the District’s web-site in accordance with law, showing the proposed budgeted costs of the Shared Expenses for the upcoming District fiscal year, which begins October 1.

Each Landowner shall pay its share of the Shared Expenses to the District each District fiscal year, and within ten (10) days of written notice from the District. In the event that a payment is not timely made, the entire amount due – including any remaining partial, deferred payments for the District’s Fiscal Year – shall immediately become due and payable, together with interest (1.5% or greater) and penalties in the maximum amounts permitted by law, and all costs of collection and enforcement, including reasonable attorney’s fees and costs.

This Agreement is intended to create a contractual lien in favor of the District, and the Property shall serve as security for the payment of Shared Expenses. The Landowner agrees to execute and record, within thirty (30) days of the District's written request, such additional documents as may be necessary to perfect such lien, including but not limited to a memorandum of this Agreement in recordable form. The lien created hereby shall have priority over all liens and encumbrances except for (i) liens for taxes and assessments, (ii) utility easements of record, and (iii) mortgages recorded prior to the date of this Agreement.

All the rights and privileges granted hereby shall be and remain in effect in perpetuity and may not be subject to a termination or forfeiture except as may be terminated by written instrument executed by the parties, and recorded in the Public Records of St. Lucie County, Florida.

THIS AGREEMENT IS INTENDED TO BE PERPETUAL. TO THE EXTENT THAT FLORIDA’S MARKETABLE RECORD TITLE ACT, SECTIONS 712.001, FLORIDA STATUTES, ET SEQ. (“MRTA”), IS APPLICABLE TO THIS AGREEMENT, THE PARTIES AGREE THAT EITHER PARTY MAY (IF NECESSARY TO ADDRESS MRTA) RENEW THIS AGREEMENT UNILATERALLY BY FILING NOTICE(S) PURSUANT TO SECTION 712.05, FLORIDA STATUTES.

DEFAULT. A default by a party under this Agreement shall entitle the other(s) to all remedies available at law or in equity, which may include, but not be limited to, the right of damages and/or specific performance. Notwithstanding anything to the contrary herein, a defaulting party shall have up to thirty (30) days to cure any monetary default and ten (10) days to cure any non-monetary default hereunder from the date of issuance of a written notice of default by the non-defaulting party.

ATTORNEYS’ FEES AND COSTS. In the event that a party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of each party; each party has complied with all of the requirements of law; and each party has full power and authority to comply with the terms and provisions of this instrument.

NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties at the addresses first set forth above. Except as otherwise provided in this

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

ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully among the parties as an arm’s length transaction. The parties participated fully in the preparation of this Agreementand received the advice of counsel. In the case of a dispute concerning the interpretation of any provisionof this Agreement, the parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any party.

THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the parties and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all ofthe provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the parties and their respective representatives, successors, and assigns.

ASSIGNMENT. This Agreement shall constitute a covenant running with the land and title to the Property, binding upon the Landowner and its successors and assigns as to the Property or portions thereof. No assignment or transfer of the Property or any portion thereof shall release the transferor from liability for Shared Expenses that accrued prior to the date of transfer. Any transferee shall assume all obligations under this Agreement as a condition of transfer.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by the parties hereto.

APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party agrees that the venue for any litigation arising out of or related to this Agreement shall be in the county in which the District is located.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver ofimmunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred by sovereign immunity or by otheroperation of law.

HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions ofthis Agreement.

COUNTERPARTS. This Agreement may be executed in any number of counterparts, eachof

which when executed and delivered shall be an original; however, all such counterparts together shallconstitute, but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[THIS SPACE INTENTIONALLY LEFT BLANK]

[SIGNATURE PAGE FOR COST SHARE AGREEMENT – VERANO 5 CDD]

Executed as of the	day of	, 2026.

WITNESS

By: 		 Name: 		 Address: 		VERANO 5 COMMUNITY DEVELOPMENT DISTRICT

By: 	 Name: 	 Title: Chairperson	

By: 		 Name: 		 Address: 			

STATE OF 	 COUNTY OF 	
The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this 	 day of 	, 2026, by	, Chairperson, of VERANO 5
COMMUNITY DEVELOPMENT DISTRICT, who appeared before me this day in person, and who is either personally known to me, or produced 	 as identification.

(NOTARY SEAL)	

NOTARY PUBLIC, STATE OF 	

Name:	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)	

[SIGNATURE PAGE FOR COST SHARE AGREEMENT – VERANO 5 CDD]

Executed as of the	day of	, 2026.

WITNESS

By: 		 Name: 		 Address: 		PSL LAND INVESTMENTS LLC

By: 	 Name: 	 Title: 		

By: 		 Name: 		 Address: 			

STATE OF 	 COUNTY OF 	
The foregoing instrument was acknowledged before me by means of  physical presence or  online notarization, this 	 day of 	, 2026, by 	, as 	 of PSL LAND INVESTMENTS LLC , who appeared before me this day in person, and who is either personally known to me, or produced			as identification.

(NOTARY SEAL)	

NOTARY PUBLIC, STATE OF 	

Name:	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)	

EXHIBIT A:	LEGAL DESCRIPTION OF PROPERTY

DESCRIPTION
BEING A PORTION OF THAT TRACT OF LAND AS DESCRIBED AND RECORDED IN OFFICIAL RECORDS BOOK 4558, PAGE 1957, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, LYING IN SECTION 6, TOWNSHIP 37 SOUTH, RANGE 39 EAST, ST. LUCIE COUNTY, FLORIDA, IN THE CITY OF PORT ST. LUCIE, FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGIN AT THE INTERSECTION OF THE SOUTHWEST CORNER OF NORTH - SOUTH "A" ROADWAY PLAT, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 117, PAGES 20 THROUGH 23, INCLUSIVE, ALSO BEING THE NORTHWEST CORNER OF CROSSTOWN PARKWAY PLAT 2-A, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 115, PAGES 13 THROUGH 18, INCLUSIVE, AND THE NORTHEAST CORNER OF CROSSTOWN PARKWAY PLAT 2-B, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 131, PAGES 1 THROUGH 4, INCLUSIVE, ALL OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, WITH A NON-TANGENT INTERSECTION OF A CURVE CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 22918.00 FEET AND A RADIAL BEARING OF N.05°33'35”W. AT SAID INTERSECTION; THENCE SOUTHWESTERLY, ALONG THE NORTHERLY LINE OF SAID CROSSTOWN PARKWAY PLAT 2-B, AND ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 03°15'04", A DISTANCE OF 1300.45 FEET TO A POINT OF A NON-TANGENT INTERSECTION, ALSO BEING THE SOUTHEAST CORNER OF SCHOOL BOARD OF ST. LUCIE COUNTY PARCEL, AS RECORDED IN OFFICIAL RECORD BOOK 4932, PAGE 1888, OF SAID PUBLIC RECORDS; THENCE N.00°01'15”E., DEPARTING SAID NORTHERLY LINE OF CROSSTOWN PARKWAY PLAT 2-B, AND ALONG THE EASTERLY LINE OF SAID SCHOOL BOARD OF ST. LUCIE COUNTY PARCEL, A DISTANCE OF
300.25 FEET TO SOUTHERLY MOST SOUTHWEST CORNER OF VERANO SOUTH - POD H - PLAT NO.1, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 130, PAGES 1 THROUGH 16, INCLUSIVE, OF SAID PUBLIC RECORDS, ALSO BEING A POINT OF A NON-TANGENT INTERSECTION WITH A CURVE CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 22618.00 FEET AND A RADIAL BEARING OF N.02°20'22”W. AT SAID INTERSECTION; THENCE DEPARTING SAID EASTERLY LINE OF SCHOOL BOARD OF ST. LUCIE COUNTY PARCEL AND ALONG THE SOUTHERLY LINE OF VERANO SOUTH - POD H - PLAT NO. 1 FOR THE FOLLOWING FOUR (4) COURSES: 1) THENCE NORTHEASTERLY, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 02°00'26, A DISTANCE OF 792.41 FEET TO A POINT OF A POINT OF COMPOUND CURVATURE OF A CURVE CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 430.00 FEET;
2) THENCE NORTHEASTERLY, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 39°01'56”, A DISTANCE OF 262.93 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE TO THE SOUTHEAST, HAVING A RADIUS OF 270.00 FEET; 3) THENCE NORTHEASTERLY, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 28°08'05”, A DISTANCE OF 132.58 FEET TO A POINT OF TANGENCY; 4) THENCE N.74°45'20”E., A DISTANCE OF 36.78 FEET TO THE WESTERLY CORNER OF SAID NORTH - SOUTH "A" ROADWAY PLAT; THENCE DEPARTING SAID SOUTHERLY LINE OF VERANO SOUTH - POD H - PLAT NO. 1 AND ALONG THE WESTERLY LINE OF SAID NORTH - SOUTH "A" ROADWAY PLAT FOR THE FOLLOWING FOUR (4) COURSES: 1) THENCE S.60°14'40”E., DISTANCE OF 35.36 FEET; 2) THENCE S.15°14'40”E.,DISTANCE OF 112.19 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE TO THE SOUTHWEST, HAVING A RADIUS OF 1895.00 FEET; 3) THENCE SOUTHEASTERLY, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 09°03'27”, A DISTANCE OF 299.57 FEET TO A POINT OF A NON-TANGENT INTERSECTION; 4) THENCE S.39°07'36”W., A DISTANCE OF 35.55 FEET TO POINT OF BEGINNING.

LANDS CONTAINING: 425,313 SQUARE FEET OR 9.764 ACRES MORE OR LESS.

Docusign Envelope ID: 7C2D0527-342F-435F-8403-F3E52BB0A8EB

AGREEMENT FOR ENGINEERING SERVICES

THIS AGREEMENT (“Agreement”) is made and entered into this  8th  day of
	December	, 2025, by and between:

Verano 5 Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in the City of Port St. Lucie, Florida, with a mailing address of 5385 N. Nob Hill Road, Sunrise, Florida 33351 (“District”); and

Mills, Short & Associates, LLC, a Florida limited liability company, providing professional engineering services with a mailing address of 700 22nd Place, Suite 2C & 2D, Vero Beach, Florida 32960 (“Engineer”).

RECITAL

WHEREAS, the District is a local unit of special-purpose government established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes, and by an ordinance adopted by the City Council of the City of Port St. Lucie, Florida; and

WHEREAS, the District is authorized to plan, finance, construct, install, acquire and/or maintain improvements, facilities and services in conjunction with the development of the lands within the District; and

WHEREAS, pursuant to Sections 190.033 and 287.055, Florida Statutes, the District solicited proposals from qualified firms to provide professional engineering services on a continuing basis; and

WHEREAS, Engineer submitted a proposal to serve in this capacity; and

WHEREAS, the District's Board of Supervisors (“Board”) ranked Engineer as the most qualified firm to provide professional engineering services for the District and authorized the negotiation of a contract pursuant to Section 287.055, Florida Statutes; and

WHEREAS, the District intends to employ Engineer to perform engineering services including but not limited to construction administration, environmental management and permitting, financial and economic studies, as defined by a separate work authorization or work authorizations; and

WHEREAS, the Engineer shall serve as District’s professional representative in each service or project to which this Agreement applies and will give consultation and advice to the District during performance of these services.

Docusign Envelope ID: 7C2D0527-342F-435F-8403-F3E52BB0A8EB

NOW, THEREFORE, for and in consideration of the mutual covenants herein contained, the acts and deeds to be performed by the parties and the payments by the District to the Engineer of the sums of money herein specified, it is mutually covenanted and agreed as follows:

SCOPE OF SERVICES.

The Engineer will provide general engineering services, including:
Preparation of any necessary reports and attendance at meetings of the Board.
Providing professional engineering services including but not limited to review and execution of documents under the District’s Trust Indentures and monitoring of District projects. Performance of any other duties related to the provision of infrastructure and services as requested by the Board, District Manager, or District Counsel.
Any other items requested by the Board.
Engineer shall, when authorized by the Board, provide general services related to construction of any District projects including, but not limited to:
Periodic visits to the site, or full-time construction management of District projects, as directed by District.
Processing of contractor’s pay estimates.
Preparation of, and/or assistance with the preparation of, work authorizations, requisitions, change orders and acquisitions for review by the District Manager, District Counsel and the Board.
Final inspection and requested certificates for construction including the final certificate of construction.
Consultation and advice during construction, including performing all roles and actions required of any construction contract between District and any contractor(s) in which Engineer is named as owner’s representative or “Engineer.”
Any other activity related to construction as authorized by the Board.
With respect to maintenance of the facilities, Engineer shall render such services as authorized by the Board.

REPRESENTATIONS. The Engineer hereby represents to the District that:

It has the experience and skill to perform the services required to be performed by this Agreement.
It shall design to and comply with applicable federal, state, and local laws, and codes, including without limitation, professional registration and licensing requirements (both corporate and individual for all required basic disciplines) in effect during the term of this Agreement, and shall, if requested by District,

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provide certification of compliance with all registration and licensing requirements.
It shall perform said services in accordance with generally accepted professional standards exercised by consultants performing the same or similar services in the same locality at the time the services are provided .
It is adequately financed to meet any financial obligations it may be required to incur under this Agreement.

METHOD OF AUTHORIZATION. Each service or project shall be authorized in writing by the District. The written authorization shall be incorporated in a work authorization which shall include the scope of work, compensation, project schedule, and special provisions or conditions specific to the service or project bring authorized (“Work Authorization”). Authorization of services or projects under the contract shall be at the sole option of the District. Work Authorization No. 1 attached hereto is hereby approved.

COMPENSATION. It is understood and agreed that the payment of compensation for services under this Agreement shall be stipulated in each Work Authorization. One of the following methods will be utilized:

Lump Sum Amount - The District and Engineer shall mutually agree to a lump sum amount for the services to be rendered payable monthly in direct proportion to the work accomplished. Payment of each invoice will be due within 30 days of receipt by the District. For any lump-sum or cost-plus-a-fixed-fee professional service contract over the threshold amount provided in Section 287.017, Florida Statutes, for CATEGORY FOUR, the District shall require the Engineer to execute a truth-in-negotiation certificate stating that wage rates and other factual unit costs supporting the compensation are accurate, complete, and current at the time of contracting. The price for any lump sum Work Authorization, and any additions thereto, will be adjusted to exclude any significant sums by which the District determines the Work Authorization was increased due to inaccurate, incomplete, or noncurrent wage rates and other factual unit costs. All such adjustments must be made within 1 year following the completion of the work contemplated by the lump sum Work Authorization.
Hourly Personnel Rates - For services or projects where scope of services is not clearly defined, or recurring services or other projects where the District desires to use the hourly compensation rates outlined in Exhibit A attached hereto. The District and Engineer may agree to a “not to exceed” amount when utilizing hourly personnel rates for a specific work authorization.

REIMBURSABLE EXPENSES. Reimbursable expenses consist of actual expenditures made by Engineer, its employees, or its consultants in the interest of the project for the incidental expenses as listed as follows:

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Expenses of transportation and living when traveling in connection with a project, for long distance phone calls and telegrams, and fees paid for securing approval of authorities having jurisdiction over the project. All expenditures shall be made in accordance with Chapter 112, Florida Statutes, and with the District’s travel policy.
Expense of reproduction, postage and handling of drawings and specifications.

TERM OF CONTRACT. It is understood and agreed that this Agreement is for engineering services. It is further understood and agreed that the term of this Agreement will be from the time of execution of this Agreement until terminated pursuant the terms herein.

SPECIAL SERVICES. When authorized in writing by the District, additional special consulting services may be utilized by Engineer and paid for on an hourly basis at Consultant’s then-current hourly rates.

BOOKS AND RECORDS. Engineer shall maintain comprehensive books and records relating to any services performed under this Agreement, which shall be retained by Engineer for a period of at least four (4) years from and after completion of any services hereunder (or such longer period to the extent required by Florida’s public records retention laws). The District, or its authorized representative, shall have the right to audit such books and records at all reasonable times upon prior notice to Engineer.

OWNERSHIP OF DOCUMENTS.

All rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed by Engineer pursuant to this Agreement (“Work Product”) shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.
The Engineer shall deliver all Work Product to the District upon completion thereof unless it is necessary for Engineer in the District’s sole discretion, to retain possession for a longer period of time. Upon early termination of Engineer’s services hereunder, Engineer shall deliver all such Work Product whether complete or not. The District shall have all rights to use any and all Work Product. Engineer shall retain copies of the Work Product for its permanent records, provided the Work Product is not used without the District’s prior express written consent. Engineer agrees not to recreate any Work Product contemplated by this Agreement, or portions thereof, which if constructed or otherwise materialized, would be reasonably identifiable with the project. If said work product is used by the District for any purpose other than that purpose which is intended by this Agreement, the District shall

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indemnify Engineer from any and all claims and liabilities which may result from such re-use, in the event Engineer does not consent to such use.
The District exclusively retains all manufacturing rights to all materials or designs developed under this Agreement. To the extent the services performed under this Agreement produce or include copyrightable or patentable materials or designs, such materials or designs are work made for hire for the District as the author, creator, or inventor thereof upon creation, and the District shall have all rights therein including, without limitation, the right of reproduction, with respect to such work. Engineer hereby assigns to the District any and all rights Engineer may have including, without limitation, the copyright, with respect to such work. The Engineer acknowledges that the District is the motivating factor for, and for the purpose of copyright or patent, has the right to direct and supervise the preparation of such copyrightable or patentable materials or designs.

ACCOUNTING RECORDS. Records of Engineer pertaining to the services provided hereunder shall be kept on a basis of generally accepted accounting principles and shall be available to the District or its authorized representative for observation or audit at mutually agreeable times.

REUSE OF DOCUMENTS. All documents including drawings and specifications furnished by Engineer pursuant to this Agreement are instruments of service. They are not intended or represented to be suitable for reuse by District or others on extensions of the work for which they were provided or on any other project. Any reuse without specific written consent by Engineer will be at the District’s sole risk and without liability or legal exposure to Engineer. All documents including drawings, plans and specifications furnished by Engineer to District are subject to reuse in accordance with Section 287.055(10), Florida Statutes.

COST ESTIMATES. Since Engineer has no control over the cost of labor, materials or equipment or over a contractor’s methods of determining prices, or over competitive bidding or market conditions, his opinions of probable cost provided as a service hereunder are to be made on the basis of his experience and qualifications and represent his best judgment as a design professional familiar with the construction industry, but Engineer cannot and does not guarantee that proposals, bids, or the construction costs will not vary from opinions of probable cost prepared by him. If the District wishes greater assurance as to the construction costs, it shall employ an independent cost estimator at its own expense. Services to modify approved documents to bring the construction cost within any limitation established by the District will be considered additional services and justify additional fees.

INSURANCE. Engineer shall, at its own expense, maintain insurance during the performance of its services under this Agreement, with limits of liability not less than the following:

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Workers’ Compensation	Statutory General Liability
Bodily Injury	$1,000,000/$2,000,000 (including Contractual)
Property Damage	$1,000,000/$2,000,000 (including Contractual)

Automobile Liability	Combined Single Limit $1,000,000 Bodily Injury / Property Damage

Professional Liability for
Errors and Omissions	$1,000,000

If any such policy of insurance is a “claims made” policy, and not an “occurrence” policy, the Engineer shall, without interruption, and at the District’s option, maintain the insurance during the term of this Agreement and for at least five years after the termination of this Agreement.

The District, its officers, supervisors, agents, staff, and representatives shall be named as additional insured parties, except with respect to the Worker’s Compensation Insurance and the Professional Liability for Errors and Omissions Insurance both for which only proof of insurance shall be provided. The Engineer shall furnish the District with the Certificate of Insurance evidencing compliance with the requirements of this Section. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective without written notice to the District per the terms of the applicable policy. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the state of Florida.

If the Engineer fails to have secured and maintained the required insurance, the District has the right (without any obligation to do so, however), to secure such required insurance in which event, the Engineer shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

CONTINGENT FEE. The Engineer warrants that it has not employed or retained any company or person, other than a bona fide employee working solely for the Engineer, to solicit or secure this Agreement and that it has not paid or agreed to pay any person, company, corporation, individual, or firm, other than a bona fide employee working solely for the Engineer, any fee, commission, percentage, gift, or other consideration contingent upon or resulting from the award or making of this Agreement.

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AUDIT. The Engineer agrees that the District or any of its duly authorized representatives shall, until the expiration of three years after expenditure of funds under this Agreement, have access to and the right to examine any books, documents, papers, and records of the Engineer involving transactions related to the Agreement. The Engineer agrees that payment made under the Agreement shall be subject to reduction for amounts charged thereto that are found on the basis of audit examination not to constitute allowable costs. All required records shall be maintained until an audit is completed and all questions arising therefrom are resolved, or three years after completion of all work under the Agreement.

INDEMNIFICATION. Engineer agrees to indemnify, and hold the District and the District’s officers and employees wholly harmless from liabilities, damages, losses, and costs of any kind, including, but not limited to, reasonable attorney’s fees, which may come against the District and the District’s officers and employees, to the extent caused by the negligence, recklessness, or intentionally wrongful conduct, or defaults by Engineer or persons employed or utilized by Engineer in the course of any work done relating to this Agreement. To the extent a limitation on liability is required by Section 725.06, Florida Statutes or other applicable law, liability under this section shall in no event exceed the sum of One Million Dollars and Engineer shall carry, at his own expense, insurance in a company satisfactory to District to cover the aforementioned liability. Engineer agrees such limitation bears a reasonable commercial relationship to the contract and was part of the project specifications or bid documents.

INDIVIDUAL LIABILITY. UNDER THIS AGREEMENT, AND SUBJECT TO THE REQUIREMENTS OF SECTION 558.0035, FLORIDA STATUTES, WHICH REQUIREMENTS ARE EXPRESSLY INCORPORATED HEREIN, AN INDIVIDUAL EMPLOYEE OR AGENT MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.
SOVEREIGN IMMUNITY. The Engineer agrees and covenants that nothing in this Agreement shall constitute or be construed as a waiver of District’s limitations on liability pursuant to Section 768.28, Florida Statutes, or any other statute or law.

PUBLIC RECORDS. The Engineer agrees and understands that Chapter 119, Florida Statutes, may be applicable to documents prepared in connection with work provided to the District and agrees to cooperate with public record requests made thereunder. In connection with this Agreement, Engineer agrees to comply with all provisions of Florida’s public records laws, including but not limited to Section 119.0701, Florida Statutes, the terms of which are incorporated herein. Among other requirements, Engineer must:

Keep and maintain public records required by the District to perform the service.
Upon request from the District’s custodian of public records, provide the District with
a copy of the requested records or allow the records to be inspected or copied within

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a reasonable time at a cost that does not exceed the cost provided in Chapter 119,
Florida Statutes or as otherwise provided by law.
Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the Agreement if the Engineer does not transfer the records to the District.
Upon completion of this Agreement, transfer, at no cost, to the District all public records in possession of the Engineer or keep and maintain public records required by the District to perform the service. If the Engineer transfers all public records to the District upon completion of this Agreement, the Engineer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the Engineer keeps and maintains public records upon completion of the Agreement, the Engineer shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District’s custodian of public records, in a format that is compatible with the information technology systems of the District.

IF THE ENGINEER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE ENGINEER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT GOVERNMENTAL MANAGEMENT SERVICES – SF, LLC, AHPHILIPPI@GMSSF.COM, 954-721-8681, OR 5385 N. NOB HILL ROAD, SUNRISE, FLORIDA 33351.
EMPLOYMENT VERIFICATION. The Engineer agrees that it shall bear the responsibility for verifying the employment status, under the Immigration Reform and Control Act of 1986, of all persons it employs in the performance of this Agreement.

CONFLICTS OF INTEREST. The Engineer shall avoid any conflicts of interest and shall abide by all applicable ethical canons and professional standards relating to conflicts of interest.

SUBCONTRACTORS. The Engineer may subcontract portions of the services, subject to the terms of this Agreement and subject to the prior written consent of the District, which may be withheld for any or no reason. Without in any way limiting any terms and conditions set forth in this Agreement, all subcontractors of Engineer shall be deemed to have made all of the representations and warranties of Engineer set forth herein and shall be subject to any and all obligations of Engineer hereunder. Prior to any subcontractor providing any services, Engineer shall obtain from each subcontractor its written consent to and acknowledgment of the terms of this Agreement. Engineer shall be responsible for all acts or omissions of any subcontractors.

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INDEPENDENT CONTRACTOR. The District and the Engineer agree and acknowledge that the Engineer shall serve as an independent contractor of the District. Neither the Engineer nor employees of the Engineer, if any, are employees of the District under the meaning or application of any federal or state unemployment, insurance laws, or any other potentially applicable laws. The Engineer agrees to assume all liabilities or obligations by any one or more of such laws with respect to employees of the Engineer, if any, in the performance of this Agreement. The Engineer shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Engineer shall have no authority to represent as agent, employee, or in any other capacity the District unless set forth differently herein or authorized by vote of the Board.

ASSIGNMENT. Neither the District nor the Engineer shall assign, sublet, or transfer any rights under or interest in this Agreement without the express written consent of the other. Nothing in this paragraph shall prevent the Engineer from employing such independent professional associates and consultants as Engineer deems appropriate, pursuant to the terms of this Agreement.

THIRD PARTIES. Nothing in the Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred by operation of law.

CONTROLLING LAW. The Engineer and the District agree that this Agreement shall be controlled and governed by the laws of the State of Florida. Venue for any action arising under this Agreement shall be in the State Courts located in St. Lucie County, Florida.

WAIVER OF JURY TRIAL. The Parties hereby knowingly, irrevocably, voluntarily and intentionally waive any rights to a trial by jury in respect to any action, proceeding or counterclaim based on this contract or arising out of, under, or in connection with this contract or any document or instrument executed in connection with this contract, or any course of conduct, course of dealing, statements (whether verbal or written) or action of any party hereto. This provision is a material inducement for the parties entering into the subject agreement.

TERMINATION. The District may terminate this Agreement for cause immediately upon notice to Engineer. The District or the Engineer may terminate this Agreement without cause upon thirty (30) days written notice. At such time as the Engineer receives notification of the intent of the District to terminate the contract, the Engineer shall not perform any further services unless directed to do so in writing by the District. In the event of any termination or breach of any kind, the Engineer shall not be entitled to consequential damages of any kind (including but not limited to lost profits), but instead the Engineer’s sole remedy will be to recover payment for services rendered to the date of the notice of termination, subject to any offsets.

RECOVERY OF COSTS AND FEES. In the event either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to

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recover from the other party all costs incurred, including reasonable attorneys’ fees at all judicial
levels.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto and formally approved by the Board.

AGREEMENT. This Agreement reflects the negotiated agreement of the parties, each represented by competent legal counsel. Accordingly, this Agreement shall be construed as if both parties jointly prepared it, and no presumption against one party or the other shall govern the interpretation or construction of any of the provisions of this Agreement.

NOTICES. All notices, requests, consents and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or tele-copied to the parties, and at the addresses first set forth above. Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Engineer may deliver Notice on behalf of the District and the Engineer. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) day’s written notice to the parties and addressees set forth herein.

RECOVERY OF COSTS AND FEES. In the event either party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover from the other party all costs incurred, including reasonable attorneys' fees.

E-VERIFY. The Engineer shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statute, Engineer shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Engineer has knowingly violated Section 448.091, Florida Statutes. By entering into this Agreement, the Engineer represents that no public employer has terminated a contract with the Engineer under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

SCRUTINIZED COMPANY CERTIFICATION. The Engineer hereby swears or affirms that as of the date below the Engineer is not listed on a Scrutinized Companies list created

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pursuant to 215.4725, 215.473, or 287.135, Florida Statutes. Pursuant to 287.135, Florida Statutes the Engineer further affirms that:

The Engineer is not participating in a boycott of Israel such that is not refusing to deal, terminating business activities, or taking other actions to limit commercial relations with Israel, or person or entities doing business in Israel or in Israeli-controlled territories, in a discriminatory manner.
The Engineer does not appear on the Scrutinized Companies with Activities in Sudan List where the State Board of Administration has established the following criteria:
Have a material business relationship with the government of Sudan or a government-created project involving oil related, mineral extraction, or power generation activities, or
Have a material business relationship involving the supply of military equipment, or
Impact minimal benefit to disadvantaged citizens that are typically located in the geographic periphery of Sudan, or
Have been complicit in the genocidal campaign in Darfur.
The Engineer does not appear on the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List where the State Board of Administration has established the following criteria:
Have a material business relationship with the government of Iran or a government-created project involving oil related or mineral extraction activities, or
Have made material investments with the effect of significantly
enhancing Iran’s petroleum sector.
The Engineer is not engaged in business operations in Cuba or Syria.
The scrutinized company list is maintained by the State Board of Administration and available at http://www.sbafla.com/.

RESPONSIBLE VENDOR DETERMINATION. The Engineer is hereby notified that Section 287.05701, Florida Statutes, requires that the District may not request documentation of or consider a contractor’s, vendor’s, or service provider’s social, political, or ideological interests when determining if the contractor, vendor, or service provider is a responsible contractor, vendor, or service provider.

CONVICTED VENDOR LIST. Engineer hereby certifies that neither Engineer not any of its affiliates are currently on the Convicted Vendor List maintained pursuant to Section 287.133, Florida Statutes. Pursuant to Section 287.133(2)(a), Florida Statutes, a person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity; may not submit a bid, proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work; may not submit bids, proposals, or

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replies on leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity in excess of the threshold amount provided in Section 287.017, Florida Statutes, for CATEGORY TWO for a period of thirty-six (36) months following the date of being placed on the convicted vendor list.

ACCEPTANCE. Acceptance of this Agreement is indicated by the signature of the authorized representative of the District and the Engineer in the spaces provided below.

[CONTINUED ON FOLLOWING PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused these present to be executed the day and year first above written.

VERANO 5 COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman, Board of Supervisors

MILLS, SHORT & ASSOCIATES, LLC

Witness	By: Brandon Ulmer

Its:  Partner	

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EXHIBIT A HOURLY FEE SCHEDULE

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	, 2025

Verano 5 Community Development District City of Port St. Lucie, Florida

Subject: Work Authorization Number 1
Verano 5 Community Development District

Dear Chairman, Board of Supervisors:

Mills, Short & Associates, LLC (“Engineer”) is pleased to submit this work authorization to provide engineering services for the Verano 5 Community Development District (“District”). We will provide these services pursuant to our current agreement dated 	, 2025 (“Engineering Agreement”) as follows:

Scope of Work
The District will engage Engineer to:
Perform those services as necessary pursuant to the Engineering Agreement including, but not limited to, attendance at Board of Supervisors meetings and preparation of reports or other activities as directed by the Board of Supervisors.

Fees
The District will compensate Engineer pursuant to the hourly rate schedule contained in the Engineering Agreement. The District will reimburse Engineer all direct costs which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Agreement.

This proposal, together with the Engineering Agreement, represents the entire understanding between the District and Engineer with regard to the referenced work authorization. If you wish to accept this work authorization, please sign both copies where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule our services.

APPROVED AND ACCEPTED

VERANO 5 COMMUNITY DEVELOPMENT DISTRICT

By: 		 Authorized Representative
Date: 		Sincerely,

MILLS, SHORT & ASSOCIATES, LLC

		 By: 	
Date:			

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Terms and Conditions for Professional Engineering Services

DEFINITIONS
“Client” shall mean the person, firm, or corporation identified in the Mills, Short & Associates Proposal for whom Services are to be performed.
“MSA” shall mean Mills, Short & Associates, LLC., Florida Limited Liability Company.
“Client Order” shall mean the purchase order, request, authorization, or other notification, and any addition or modification thereto, whereby Client indicates its desire that MSA furnish Services.
“MSA Proposal” shall mean the letter, proposal, quotation, or other notification, including any response to the Client Order, wherein MSA offers to furnish Services.
“Services” shall mean the Services of MSA personnel described in the MSA Proposal or Client Order and any other Services as may be added to or performed in connection this this Agreement. “Agreement” shall mean these Terms and Conditions and the MSA Proposal, and shall include, only to the extent consistent with the MSA Proposal and these Terms and Conditions, the provisions of the Client Order. In the event of a conflict between any terms and conditions deemed to be part of the Agreement and these Terms and Conditions, these Terms and Conditions shall govern.

STANDARD OF PERFORMANCE
The standard of care for all professional engineering, consulting, and related Services performed or furnished by MSA and its employees under this Agreement will be the care and skill ordinarily used by members of MSA’s profession practicing under the same or similar circumstances at the same time and in the same locality. MSA makes no warranties, express or implied, in connection with the Services, including any warranties of merchantability of fitness for a particular purpose.

INSURANCE
MSA agrees to procure and maintain, at its expense, Workers’ Compensation insurance as required by statute; Employer’s Liability of $500,000; Automobile Liability insurance of $500,000 combined single limit from bodily injury and property damage covering all vehicles, including hired vehicles, owned and non-owned vehicles; Commercial General Liability insurance of
$1,000,000 combined single limit for personal injury and property damage; and professional Liability insurance of $500,000 per claim for protection against claims arising out of the performance of Services under this Agreement caused by negligent acts, errors, or omissions for which MSA is legally liable. Upon request, Client shall be made an additional insured on Commercial General and Automobile Liability insurance policies and certificates of insurance will be furnished to the Client.

OPINIONS OF PROBABLE COST (COST ESTIMATES)
Any opinions of probable material or equipment cost, or probable construction cost, provided by MSA, are made on the basis of information available to MSA, and represents its judgment as an experienced and qualified professional engineer. However, since MSA has no control over the cost of labor, materials, equipment or

services furnished by others, or over competitive bidding or market conditions, MSA does not guarantee that proposals, bids or actual equipment, materials, or construction cost will not vary from opinions of probable cost MSA prepares.

CONSTRUCTION PROCEDURES
MSA’s observation or monitoring portions of the work performed under construction contracts shall not relieve the contractor from its responsibility for performing work in accordance with applicable contract documents. MSA shall not control or have charge of, and shall not be responsible for, construction means, methods, techniques, sequences, procedures of construction, health or safety programs or precautions connected with the work, and shall not manage, supervise, control or have charge of construction. MSA shall not be responsible for the acts or omissions of the contractor or other parties on the project.

CONTROLLING LAW
This Agreement is to be governed by the law of the state of Florida.

OWNER RESPONSIBILITIES
Without limiting any express or implied obligations of Client under applicable law, Client shall: (1) provide MSA, in writing, all information relating to Client’s requirements for the project; (2) correctly identify to MSA the location of subsurface structures, such as pipes, tanks, cables, and utilities; (3) notify MSA of any potential hazardous substances or other health and safety hazard or condition known to Client existing on or near the project site; (4) give MSA prompt written notice of any suspected deficiency in the Services;
(5) with reasonable promptness, provide required approvals and decisions; and (6) furnish or cause to be furnished to MSA full, unrestricted and legal access to, and use of, the site and all necessary rights of way and easements, in order to perform the Services. Client agrees to bear full responsibility for the accuracy and completeness of all documents, information, or services supplied by Client. Client acknowledges that opinions relating to environmental, geologic, and geotechnical conditions are based on limited data and that actual conditions may vary from those encountered at the times and locations where the data are obtained, despite the use of due professional care.

SUCCESSORS AND ASSIGNS
Client and MSA, respectively, bind themselves, their partners, successors, assigns, and legal representatives to the covenants of this Agreement. Neither Client nor MSA will assign, sublet, or transfer any interest in this Agreement or claims arising therefrom without the written consent of the other.

DOCUMENTS AND INTELLECTUAL PROPERTY
All documents, including all reports, drawings, specifications, computer software or other items prepared or furnished by MSA pursuant to this Agreement, are instruments of service with respect

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to the project. MSA retains ownership of all such documents. Client may retain copies of the documents for its information and reference in connection with the project; however, none of the documents are intended or represented to be suitable for reuse by Client or others on extensions of the project or on any other project. Any reuse without written verification or adaptation by MSA for the specific purpose intended with be at Client’s sole risk and without liability or legal exposure to MSA, and Client will defend, indemnify and hold harmless MSA from all claims, damages, losses and expenses, including attorney’s fees, arising or resulting therefrom. Any such verification or adaptation will entitle MSA to further compensation at rates to be agreed upon by Client and MSA.

TERMINATION OF AGREEMENT
Client or MSA, after having afforded the other party a reasonable opportunity to cure, may terminate the Agreement, in whole or in part, by giving seven (7) days written notice, if the other party substantially fails to fulfill its obligations under the Agreement through no fault of the terminating party. Where the method of payment is “lump sum,” or cost reimbursement, the final invoice will include all Services and expenses associated with the project up to the effective date of termination. An equitable adjustment shall also be made to provide for cancellation charges and other termination settlement costs MSA incurs as a result of commitments that had become firm before termination, and for a reasonable profit for Services performed.

SEVERABILITY
If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall be valid and binding upon the parties. One or more waivers by either party of any provision, term or condition shall not be construed by the other party as a waiver of any subsequent breach of the same provision, term or condition.

INVOICES
MSA will submit monthly invoices for Services rendered and Client will make prompt payments in response to MSA’s Invoice.

MSA will retain receipts for reimbursable expenses in general accordance with Internal Revenue Service rules pertaining to the support of expenditures for income tax purposes. Receipts will be available for inspection by Client’s auditors upon request.

If Client disputes any items in MSA’s invoice for any reason, including the lack of supporting documentation, Client may temporarily delete the disputed item but shall pay all undisputed items appearing in the invoice. Client will promptly notify MSA of the dispute and request clarification and/or correction. After any dispute has been settled, MSA will include the disputed item on a subsequent, regularly-scheduled invoice or on a special invoice for the disputed item only.

Client recognizes that late payment of invoices results in extra expenses for MSA. MSA retains the right to assess Client interest at the rate of one percent (1%) per month, but not to exceed the maximum rate allowed by law, on invoices which are not paid within thirty (30) days from the date of the invoice. In the event undisputed portions of MSA’s invoices are not paid when due, MSA also reserves the right to suspend the performance of its Services under this Agreement until all past due amounts have been paid in full.
CHANGES

The parties agree that no change or modification to this Agreement, or any attachments hereto, shall have any force or effect unless the change is reduced to writing, dated, and made part of this Agreement. The execution of the change shall be authorized and signed in the same manner as this Agreement. Adjustments in the period of Services and in compensation shall be in accordance with applicable paragraphs and sections of this Agreement, As the project progresses, the facts developed may dictate a change in the Services to be performed, which may alter the scope. MSA will inform Client of such situations so that changes in scope and adjustments to the time of performance and compensation can be made as required. If such change, additional Services, or suspension of Services result in an increase or decrease in the cost of or time required for performance of the Services, and equitable adjustment shall be made, and the Agreement modified accordingly.

EXECUTION
This Agreement, including the exhibits and schedules made part hereof, constitute the entire Agreement between MSA and Client, and supersedes all prior written or oral understanding. This Agreement may be amended, supplemented or modified only by a written instrument duly executed by the parties.

NO CONSEQUENTIAL DAMAGES
To the fullest extent permitted by law, neither Client nor MSA shall be liable, whether liability arises from negligence, breach of contract, breach of warranty, indemnity, or any other theory of recovery, for any consequential, special, incidental, indirect, punitive or exemplary damages, or damages arising from or in connection with loss of use, loss of revenue or profit (Actual or Anticipated) loss by reason of shutdown or non-operation, increased cost of construction, cost of capital, cost of replacement power or customer claims, and MSA hereby releases Client and Client hereby releases MSA from any such liability.

LIMITATION OF LIABILITY
To the fullest extent permitted by law, the total liability of MSA, its subconsultants, and its employees to client for any loss or damage arising out of the performance of services under this agreement, including, without limitation, loss or damage arising from negligence, breach of contract, breach of warranty, indemnity, or any other theory of recovery, shall not exceed the total charges for services performed under this agreement, and client hereby releases MSA, its subconsultants, and its employees from any liability above such amount.

LITIGATION SUPPORT
In the event MSA is required to respond to a subpoena, government inquiry or other legal process related to the Services in connection with a legal or dispute resolution proceeding to which MSA is not a party, Client shall reimburse MSA for reasonable costs in responding and compensate MSA at its then standard rates for reasonable time incurred in gathering information and documents and attending depositions, hearing, and trial.

SURVIVAL
The provisions of this Agreement which by their nature are intended to survive the termination, cancellation, completion, or expiration of the Agreement, including, but not limited to, any expressed limitations of, or releases from, liability, shall continue as valid and enforceable obligations of the parties notwithstanding any such termination, cancellation, completion, or expiration.

MILLS, SHORT & ASSOCIATES, LLC SCHEDULE OF FEES AND CHARGES

Docusign Envelope ID: 7C2D0527-342F-435F-8403-F3E52BB0A8EB

JANUARY 1, 2025

The following describes the basis for compensation for services to be performed by Mills, Short & Associates during the calendar year. This Schedule of Fees and Charges may be revised annually on January 1 of each subsequent year to reflect merit and economic salary and expense increases, and changes in the expected level and mode of operations for the new year.

PERSONNEL CHARGES:

The charge for all time required in the performance of the Scope of Services, including office, field and travel time, will be at the Standard Hourly Rate set forth below for the Responsibility Level indicated.

Standard Hourly Rates:

Document Reprographic Services:
Reproductive efforts normally expected during the course of engineering will be billed at the following rates:

< 11”x17”:
B&W Photocopy	$0.08/copy
Color Photocopy	$1.00/copy

Responsibility Level	Standard Hourly Rate	
Principal	$300	
Structural Engineer	$250	
Civil Engineer	$150	
Design Technician	$100	
Land Planner	$175	
Landscape Architect	$175	
Clerical	$50	
Inspector	$100	
Construction Administrator	$100	

11”x17”:

≤ 24”x36”:

B&W Photocopy	$0.15/copy
Color Photocopy	$1.00/copy

B&W Photocopy	$1.25/copy
Color Photocopy	$2.00/copy

Travel Time:
A maximum of eight (8) hours of travel time per day per employee will be charged for travel.

Litigation Support:
When MSA staff appear as expert witnesses at court trials, arbitration hearings, mediation and depositions (including standby time when requested by client and/or client’s attorney), their time will be invoiced at $250/hour with a minimum of four (4) hours.

Time spent by personnel preparing for such trials, hearings, and depositions, will be charged at the Standard Hourly Rate.

SUBCONTRACTORS AND EXPENSES:

Subcontractors:
The cost of expenses incurred and services subcontracted by MSA to others, including but not limited to; surveyors, geotechnical engineers, material testing laboratory analyses, traffic engineering, and consultants will be invoiced at cost.

Vehicles and Mileage:
The mileage charged for personal and MSA owned vehicles used on project assignments will be the current mileage rate established by the Internal Revenue Service for tax purposes.

Procurement and Contract Administration Fee:
A procurement and administrative fee of 10% will be invoiced on all costs identified in Subcontractors and Expenses.

December 9, 2025

To the Board of Supervisors
Verano #5 Community Development District City of Port St. Lucie, Florida

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the financial statements of Verano #5 Community Development District (“District”) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated December 9, 2025. Professional standards require that we advise you of the following matters relating to our audit.
We have also examined the District’s compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025 which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
Our Responsibility in Relation to the Financial Statement Audit
Our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the District solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.

However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Any findings regarding significant deficiencies or material weaknesses in internal control over financial reporting, material noncompliance, or other matters noted during our audit, if any, are communicated in separate reports included in the District’s financial report—titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence

The engagement team, others in our firm, as appropriate, and our firm, have complied with all relevant ethical requirements regarding independence.
With respect to financial statement preparation, the following safeguards are in place:
Management made all decisions and performed all management functions;
A competent individual was assigned to oversee the services;
Management evaluated the adequacy of the services performed;
Management evaluated and accepted responsibility for the result of the service performed; and
Management established and maintained internal controls, including monitoring ongoing activities.
Qualitative Aspects of the Entity’s Significant Accounting Practices
Significant Accounting Policies

Management is responsible for selecting and applying appropriate accounting policies. A summary of the significant accounting policies adopted by the District is included in Note 2 to the financial statements. There were no new accounting policies adopted and no changes in existing significant accounting policies or their application during the fiscal year, other than those described in Note 2, if any. No matters came to our attention that, under professional standards, we are required to inform you about concerning (1) the methods used to account for significant unusual transactions or (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments normally reflect management’s knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates, if present, may be particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them could differ markedly from management’s current judgments.

In connection with our audit, we considered the reasonableness of the accounting estimates used by management. The most sensitive accounting estimate(s) affecting the financial statements included, as applicable:

Management’s estimate of the useful lives of capital assets.
Management’s estimate of the liability for employee compensated absences.
Management’s estimate of the Net Other Post-Employment Benefits (OPEB) liability.
Management’s estimate of the Net Pension Liability.

If none of the above estimates or other sensitive estimates were applicable in the current year, this section should be read to indicate that no such significant accounting estimates were identified.

We evaluated the key factors and assumptions used by management to develop the estimate(s) and determined that they were reasonable in relation to the financial statements taken as a whole.

Financial Statement Disclosures

Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the District’s financial statements included, as applicable:

Long-term liabilities related to bonds payable and debt service requirements.
Litigation, claims, and assessments related to pending legal matters; and
Pension and Other Post-Employment Benefit (OPEB) plan disclosures.
If no such disclosures were identified for the current year, this section should be read to indicate that we did not note any financial statement disclosures involving significant judgment or sensitivity.

Circumstances Affecting the Auditor’s Report

Professional standards require us to communicate any circumstances that affect the form or content of our auditor’s report. If applicable, such circumstances—such as a modification of opinion, an emphasis-of-matter or other-matter paragraph, or a reference to substantial doubt about the District’s ability to continue as a going concern—are described in our auditor’s report included in the District’s financial report. If no such circumstances existed, this section should be read to indicate that our report was unmodified.

Significant Difficulties Encountered during the Audit

We encountered no significant difficulties in dealing with management relating to the performance of the audit.
Corrected Misstatements

Professional standards require us to communicate all material misstatements identified and corrected during the audit. Management has corrected all misstatements that were identified as a result of our audit procedures. Any such audit adjustments, if applicable, are summarized in the accompanying schedule of journal entries. If none were identified, this section should be read to indicate that we did not note any misstatements that were material, individually or in the aggregate, to the financial statements taken as a whole.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the Districts’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management

Professional standards require that we obtain certain written representations from management as part of our audit. We have received such representations in a letter. A copy of this letter is available for your review upon request.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues

In the normal course of our professional association with the District, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the District’s auditors.

As noted previously in this letter, any current-year findings identified during our audit are communicated in our separate reports titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida. If no findings were identified, this section should be read to indicate that we did not note any additional significant matters or findings requiring communication to those charged with governance.

This report is intended solely for the information and use of the Board of Supervisors and management of the District and is not intended to be and should not be used by anyone other than these specified parties.

Grau & Associates

VERANO #5
COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-5	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	6	
Statement of Activities	7	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	8	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
9	
Notes to Financial Statements	10-17	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
18	
Notes to Required Supplementary Information	19	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	20	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

21-22	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

23	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
24-25	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Verano #5 Community Development District City of Port St. Lucie, Florida

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and the major fund of Verano #5 Community Development District, City of Port St. Lucie, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities and the major fund of the District as of September 30, 2025, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 9, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

December 9, 2025

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Verano #5 Community Development District, City of Port St. Lucie, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $954,084.

The change in the District’s total net position in comparison with the prior fiscal year was
$204,630, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2025, the District’s governmental fund reported combined ending fund balance of $954,084, an increase of $204,630 in comparison with the prior fiscal year. A portion of the fund balance is non-spendable for deposits, and the remainder is unassigned fund balance which is available for spending by the District.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues and stormwater charges. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains one individual governmental fund. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, which is a major fund.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

	NET POSITION SEPTEMBER 30,		
		2025	2024	
Current and other assets	$	978,705	$	785,638	
Total assets		978,705	785,638	
Current liabilities		24,621	36,184	
Total liabilities		24,621	36,184	
Net position				
Unrestricted	954,084	749,454	
Total net position	$	954,084	$	749,454	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,

	2025	2024	
Revenues: Program revenues
Charges for services	

$  1,189,885	

$  1,087,020	
General revenues	43,732	26,300	
Total revenues	1,233,617	1,113,320	
Expenses:	
General government	187,998	165,622	
Maintenance and operations	840,989	492,554	
Total expenses	1,028,987	658,176	
Change in net position	204,630	455,144	
Net position - beginning	749,454	294,310	
Net position - ending	$	954,084	$	749,454	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $1,028,987. The costs of the District’s activities were funded by program revenues. Program revenues, comprised entirely of assessments and stormwater charges, increased from the prior fiscal year primarily as a result of an increase in assessments. The District also receives investment earnings which is classified as general revenues. In total, expenses increased from the prior year due to an increase in maintenance and operations.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025 was amended to increase revenues by $208,718 and increase appropriations by $258,718.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS
The District anticipates an increase to its general operations for the subsequent fiscal year. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Verano #5 Community Development District Finance Department at 5385 N. Nob Hill Road Sunrise, Florida 33351.

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

	Governmental
	Activities		
ASSETS		
Cash	$	8,094	
Investments	960,033	
Deposits	1,020	
Assessments receivable		9,558 	
Total assets		978,705 	
LIABILITIES		
Accounts payable	23,148	
Due to other governments		1,473 	
Total liabilities		24,621 	
NET POSITION		
Unrestricted		954,084 	
Total net position	 $	954,084 	

See notes to the financial statements

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Program

Net (Expense) Revenue and Changes in Net

	Revenues	Position	

Charges for	Governmental
Functions/Programs		Expenses	Services	Activities	 Primary government:
Governmental activities:

General government

$	187,998	$

187,998	$	-

Maintenance and operations		840,989	1,001,887	160,898 
Total governmental activities		1,028,987	1,189,885	160,898 

General revenues:
Unrestricted investment earnings		43,732  Total general revenues		 43,732 

Change in net position	204,630	
Net position - beginning		749,454 	
Net position - ending	 $	954,084 	

See notes to the financial statements

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

ASSETS

 Major Fund	 General

Total Governmental Funds

Cash

$	8,094	$

8,094

Investments	960,033	960,033
Deposits	1,020	1,020
Assessments receivable	9,558	9,558

Total assets	 $	978,705	$	978,705 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	23,148	$	23,148	
Due to other governments	1,473	1,473	
Total liabilities	24,621	24,621	

Fund balances:
Nonspendable:
Deposits	1,020	1,020	
Unassigned	953,064	953,064	
Total fund balances	954,084	954,084	
Total liabilities and fund balances	$	978,705	$	978,705	

See notes to the financial statements

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	 Major Fund	 General	Total
Governmental Funds	
REVENUES
Assessments	
503,315	
$	503,315	
Stormwater charges	686,570	686,570	
Interest	43,732	43,732	
Total revenues	1,233,617	1,233,617	

EXPENDITURES
Current:
General government	

187,998	

187,998	
Maintenance and operations	840,989	840,989	
Total expenditures	1,028,987	1,028,987	

Excess (deficiency) of revenues over (under) expenditures	

204,630	

204,630	
Fund balances - beginning	749,454	749,454	

Fund balances - ending	
$	954,084	
$	954,084	

See notes to the financial statements

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Verano #5 Community Development District ("District") was created on April 25, 2005 by Ordinance 05-22 of the City of Port St. Lucie, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The boundaries of the District were contracted by approximately 3.35 acres by Ordinance 10-03 of the City of Port St. Lucie, Florida enacted on May 19, 2011. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2025, all of the Board members are affiliated with Kolter Homes, LLC (the “Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Government-Wide and Fund Financial Statements (Continued)
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental fund:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.
Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a “2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
The District does not have any capital assets as of September 30, 2025. Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but
not yet earned.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
As of September 30, 2025, there are no long-term obligations. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:
Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position (Continued)
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.
Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 – DEPOSITS AND INVESTMENTS
Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate Bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments
The District’s investments were held as follows at September 30, 2025:

 Amortized Cost	Credit Risk	Maturities	
Investment in Local Government Surplus Funds	Weighted average of the

Trust Fund (Florida PRIME)

 $	960,033 
 $	960,033 

S&P AAAm

fund portfolio: 47 days

Custodial credit risk – For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk.

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates

However, the Bond Indenture limits the type of investments held using unspent proceeds.
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.
As of September 30, 2025, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – DEVELOPER TRANSACTIONS
The Developer owns a significant portion of the land within the District; therefore, assessment revenues in the general fund include the assessments levied on those lots owned by the Developer.

NOTE 6 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.
NOTE 7 – RELATED PARTY TRANSACTIONS

The District is part of the Verano Community Development Districts which is a combination of six separate community development districts. To facilitate the financing, construction, acquisition, operation, and maintenance of community-wide infrastructure and District-specific infrastructure for the mixed-use development of regional impact currently encompassing all of the lands located within the District and to better assure compliance with the development order pertaining to the Verano Community Development Districts as it relates to such infrastructure, the Districts have entered into a District Interlocal Agreement. Verano Center and Verano Districts # 1 - 5 (“Verano Districts”) have delegated to Verano #5 Community Development District, among other things, the power and authority to act on behalf of all the Districts to finance, acquire, construct, operate, and maintain community infrastructure benefiting only the property within a single District, such as Community Infrastructure and District Infrastructure collectively referred to as Public Infrastructure. The interlocal agreement originally named Verano Center as the administrative District. During the fiscal year ended September 30, 2019, the Interlocal Agreement was amended to transfer administrative responsibilities from Verano Center to Verano #5 Community Development District. The interlocal agreement allows for any of the Verano Districts to become the issuer to finance the public infrastructure. Verano #5 Community Development District would act as the administrative entity on behalf of all of the Districts.

NOTE 8 – MANAGEMENT AGREEMENTS

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

The Verano Districts have also entered into an Inter-local Agreement to provide maintenance of stormwater management for Verano Districts with the City of Port St. Lucie (“City”). Maintenance of the storm water system shall include, but is not limited to: maintenance of swales, conveyance channels, and waterways to ensure proper functioning; maintenance of berms and drainage way to ensure structural integrity; and the operation and maintenance of storm water control structures. The City agrees to pay the Verano Districts a sum equal to 75% of the stormwater utility fees collected by the City from within the District area (as defined in the agreement). This agreement shall run in perpetuity; however, each party has the right to terminate the agreement, with or without cause, by written notice sent six months prior to such termination.

During a prior year, the Inter-local agreement was amended and restated. The amended agreement specifies that Verano #5 Community Development District will be responsible for maintenance of the storm water systems within the Verano Districts. The City will now remit 75% of the stormwater utility fees collected to Verano #5 Community Development District.

NOTE 9 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

		Budgeted Amounts	 Original	Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

REVENUES		
Assessments	$ 342,608	$	493,756	$	503,315	$	9,559	
Stormwater charges	653,000	686,570	686,570	-	
Interest	20,000	44,000	43,732	(268)	
Total revenues	1,015,608	1,224,326	1,233,617	9,291	

EXPENDITURES
Current:
General government	183,059	197,959	187,998	9,961	
Maintenance and operations	832,549	1,076,367	840,989	235,378	
Total expenditures	1,015,608	1,274,326	1,028,987	245,339	
Excess (deficiency) of revenues over (under) expenditures	

-	

(50,000)	

204,630	

254,630	

OTHER FINANCING SOURCES (USES)
Carry forward	-	50,000	-	(50,000)	
Total other financing sources (uses)	-	50,000	-	(50,000)	

Net change in fund balances	
 $	-	$	-		
204,630	
 $	204,630 	

Fund balance - beginning		749,454 

Fund balance - ending	 $	954,084 

See notes to required supplementary information

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025 was amended to increase revenues by $208,718 and increase appropriations by $258,718.

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT CITY OF PORT ST. LUCIE, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED

Element	Comments	
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	
0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	

11	
Employee compensation	$0	
Independent contractor compensation	$1,154,782	

Construction projects to begin on or after October 1, ($65,000)	
Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem Taxes:	Not applicable	

Non Ad valorem special assessments: Special assessment rate	

Operation and Maintenance
40's	$136.70
50's	$157.21
60's	$181.81
70's	$196.17
80's	$210.54
Manor/Duplex	$121.66
Commercial (Future)		$0.11 Clubhouse	$0.09840	
Special assessment collected	Operation and Maintenance	$503,315	
Outstanding Bonds:	Not applicable	

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Verano #5 Community Development District City of Port St. Lucie, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and the major fund of Verano #5 Community Development District, City of Port St. Lucie, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated December 9, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

December 9, 2025

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Verano #5 Community Development District City of Port St. Lucie, Florida
We have examined Verano #5 Community Development District, City of Port St. Lucie, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Verano #5 Community Development District, City of Port St. Lucie, Florida and is not intended to be and should not be used by anyone other than these specified parties.

December 9, 2025

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Verano #5 Community Development District City of Port St. Lucie, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Verano #5 Community Development District, City of Port St. Lucie, Florida ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated December 9, 2025.

Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated December 9, 2025, should be considered in conjunction with this management letter.

Purpose of this Letter
The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Verano #5 Community Development District, City of Port St. Lucie, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Verano #5 Community Development District, City of Port St. Lucie, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements and the courtesies extended to us.

December 9, 2025

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2025. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 20.

RULES OF PROCEDURE VERANO 5
COMMUNITY DEVELOPMENT DISTRICT RULE NO. 2026-
EFFECTIVE AS OF 	, 2026

TABLE OF CONTENTS
Rule 1.0	General.	Error! Bookmark not defined.
Rule 1.1	Board of Supervisors; Officers and Voting	Error! Bookmark not defined.
Rule 1.2	District Offices; Public Information and Inspection of Records; Policies; Service Contract Requirements; Financial Disclosure Coordination	Error!
Bookmark not defined.
Rule 1.3	Public Meetings, Hearings, and Workshops. Error! Bookmark not defined.
Rule 1.4	Internal Controls to Prevent Fraud, Waste and Abuse	Error! Bookmark not defined.
Rule 2.0	Rulemaking Proceedings	Error! Bookmark not defined.
Rule 3.0	Competitive Purchase	Error! Bookmark not defined.
Rule 3.1	Procedure Under the Consultants’ Competitive Negotiations Act.	Error!
Bookmark not defined.
Rule 3.2	Procedure Regarding Auditor Selection	Error! Bookmark not defined.
Rule 3.3	Purchase of Insurance	Error! Bookmark not defined.
Rule 3.4	Pre-qualification	Error! Bookmark not defined.
Rule 3.5	Construction Contracts, Not Design-Build.	Error! Bookmark not defined.
Rule 3.6	Construction Contracts, Design-Build	Error! Bookmark not defined.
Rule 3.7	Payment and Performance Bonds	Error! Bookmark not defined.
Rule 3.8	Goods, Supplies, and Materials	Error! Bookmark not defined.
Rule 3.9	Maintenance Services	Error! Bookmark not defined.
Rule 3.10	Contractual Services	Error! Bookmark not defined.
Rule 3.11	Protests with Respect to Proceedings under Rules 3.1, 3.2, 3.3, 3.4, 3.5,

3.6, 3.8, and 3.9.	Error! Bookmark not defined.
Rule 4.0	Effective Date	Error! Bookmark not defined.

Rule 1.0	General.

The Verano 5 Community Development District (the “District”) was created pursuant to the provisions of Chapter 190 of the Florida Statutes, and was established to provide for the ownership, operation, maintenance, and provision of various capital facilities and services within its jurisdiction. The purpose of these rules (the “Rules”) is to describe the general operations of the District.

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

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

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

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

Rule 1.1	Board of Supervisors; Officers and Voting.

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

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

Three (3) members of the Board shall constitute a quorum for the purposes of conducting business, exercising powers and all other purposes. A Board member shall be counted toward the quorum if physically present at the meeting, regardless of whether such Board member is prohibited from, or abstains from, participating in discussion or voting on a particular item.

Action taken by the Board shall be upon a majority vote of the members present, unless otherwise provided in the Rules or required by law. Subject to Rule 1.3(10), a Board member participating in the Board meeting by teleconference or videoconference shall be entitled to vote and take all other action as though physically present.

Unless otherwise provided for by an act of the Board, any one Board member may attend a mediation session on behalf of the Board. Any agreement resulting from such mediation session must be approved pursuant to subsection (1)(c) of this Rule.

Officers. At the first Board meeting held after each election where the newly elected members take office, the Board shall select a Chairperson, Vice-Chairperson, Secretary, Assistant Secretary, and Treasurer.

The Chairperson must be a member of the Board. If the Chairperson resigns from that office or ceases to be a member of the Board, the Board shall select a Chairperson. The Chairperson serves at the pleasure of the Board. The Chairperson shall be authorized to execute resolutions and

contracts on the District’s behalf. The Chairperson shall convene and conduct all meetings of the Board. In the event the Chairperson is unable to attend a meeting, the Vice-Chairperson shall convene and conduct the meeting. The Chairperson or Vice-Chairperson may delegate the responsibility of conducting the meeting to the District’s manager (“District Manager”) or District Counsel, in whole or in part.

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

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

The Treasurer need not be a member of the Board but must be a resident of the State of Florida. The Treasurer shall perform duties described in Section 190.007(2) and (3) of the Florida Statutes, as well as those assigned by the Board from time to time. The Treasurer shall serve at the pleasure of the Board. The Treasurer shall either be bonded by a reputable and qualified bonding company in at least the amount of one million dollars ($1,000,000), or have in place a fidelity bond, employee theft insurance policy, or a comparable product in at least the amount of one million dollars ($1,000,000) that names the District as an additional insured.

In the event that both the Chairperson and Vice-Chairperson are absent from a Board meeting and a quorum is present, the Board may designate one of its members or a member of District staff to convene and conduct the meeting. In such circumstances, any of the Board members present are authorized to execute agreements, resolutions, and other documents approved by the Board at such meeting. In the event that the Chairperson and Vice-Chairperson are both unavailable to execute a document

previously approved by the Board, the Secretary or any Assistant Secretary may execute such document.

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

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

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

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

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

Votes Required. No Board member who is present at any meeting of the District Board at which an official decision, ruling, or other official act is to be taken or adopted may abstain from voting in regard to any such decision, ruling, or act; and a vote shall be recorded or counted for each such Board member present, except when, with respect to any such member, there is, or appears to be, a possible conflict of interest under the provisions of s. 112.311, s. 112.313, or s. 112.3143 of the Florida Statutes.

Voting Conflict of Interest. The Board shall comply with Section 112.3143 of the Florida Statutes, so as to ensure the proper disclosure of conflicts of interest on matters coming before the Board for a vote. For the purposes of this section, “voting conflict of interest” shall be governed by the Florida Constitution and Chapters 112 and 190 of the Florida Statutes, as amended from time to time. Generally, a voting conflict exists when a Board member is called upon to vote on an item which would inure to the Board member’s special private gain or loss or

the Board member knows would inure to the special private gain or loss of a principal by whom the Board member is retained, the parent organization or subsidiary of a corporate principal, a business associate, or a relative including only a father, mother, son, daughter, husband, wife, brother, sister, father-in-law, mother-in-law, son-in-law, and daughter-in-law.

When a Board member knows the member has a conflict of interest on a matter coming before the Board, the member should notify the Board’s Secretary prior to participating in any discussion with the Board on the matter. The member shall publicly announce the conflict of interest at the meeting. This announcement shall appear in the minutes.

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

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

If a Board member inadvertently votes on a matter and later learns he or she has a conflict on the matter, the member shall immediately notify the Board’s Secretary. Within fifteen (15) days of the notification, the member shall file the appropriate Memorandum of Voting Conflict, which will be attached to the minutes of the Board meeting during which the vote on the matter occurred. The Memorandum of Voting Conflict shall immediately be provided to other Board members and shall be read publicly at the next meeting held subsequent to the filing of the Memorandum of Voting Conflict. The Board member’s vote is unaffected by this filing.

It is not a conflict of interest for a Board member, the District Manager, or an employee of the District to be a stockholder, officer or employee of a landowner or of an entity affiliated with a landowner.

In the event that a Board member elected at a landowner’s election or appointed to fill a vacancy of a seat last filled at a landowner’s election, has a continuing conflict of interest, such Board member is permitted to

file a Memorandum of Voting Conflict at any time in which it shall state the nature of the continuing conflict. Only one such continuing Memorandum of Voting Conflict shall be required to be filed for each term the Board member is in office.

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 112.3143, 190.006, 190.007, 286.012, Fla. Stat.

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

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

Agenda packages for prior 24 months and next meeting;

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

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

Adopted engineer’s reports;

Adopted assessment methodologies/reports;

Adopted disclosure of public financing;

Limited Offering Memorandum for each financing undertaken by the District;

Proceedings, certificates, bonds given by all employees, and any and all corporate acts;

District policies and rules;

Fiscal year end audits; and

Adopted budget for the current fiscal year.

The District Manager shall ensure that each District records office contains the documents required by Florida law.

Public Records. District public records include all documents, papers, letters, maps, books, tapes, photographs, films, sound recordings, data processing software, or other material, regardless of the physical form, characteristics, or means of transmission, made or received in connection with the transaction of official business of the District. All District public records not otherwise restricted by law may be copied or inspected at the District Manager’s office during regular business hours. Certain District records can also be inspected and copied at the

District’s local records office during regular business hours. All written public records requests shall be directed to the Secretary who by these rules is appointed as the District’s records custodian. Regardless of the form of the request, any Board member or staff member who receives a public records request shall immediately forward or communicate such request to the Secretary for coordination of a prompt response. The Secretary, after consulting with District Counsel as to the applicability of any exceptions under the public records laws, shall be responsible for responding to the public records request. At no time can the District be required to create records or summaries of records, or prepare opinions regarding District policies, in response to a public records request.

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

Fees; Copies. Copies of public records shall be made available to the requesting person at a charge of $0.15 per page for one-sided copies and $0.20 per page for two-sided copies if not more than 8 ½ by 14 inches. For copies of public records in excess of the sizes listed in this section and for outside duplication services, the charge shall be equal to the actual cost of reproduction. Certified copies of public records shall be made available at a charge of one dollar ($1.00) per page. If the nature or volume of records requested requires extensive use of information technology resources or extensive clerical or supervisory assistance, the District may charge, in addition to the duplication charge, a special service charge that is based on the cost the District incurs to produce the records requested. This charge may include, but is not limited to, the cost of information technology resource, employee labor, and fees charged to the District by consultants employed in fulfilling the request. In cases where the special service charge is based in whole or in part on the costs incurred by the District due to employee labor, consultant fees, or other forms of labor, those portions of the charge shall be calculated based on the lowest labor cost of the individual(s) who is/are qualified to perform the labor, taking into account the nature or volume of the public records to be inspected or copied. The charge may include the labor costs of supervisory and/or clerical staff whose assistance is required to complete the records request, in accordance with Florida law. For purposes of this Rule, the word “extensive” shall mean that it will take more than 15 minutes to locate, review for confidential information, copy and re-file the requested material. In cases where extensive personnel time is determined by the District to be necessary to safeguard original records being inspected, the special service charge provided for in this section shall apply. If the total fees, including but not limited to special service charges, are anticipated to exceed twenty-five dollars ($25.00), then, prior to commencing work on the request, the District will inform the person

making the public records request of the estimated cost, with the understanding that the final cost may vary from that estimate. If the person making the public records request decides to proceed with the request, payment of the estimated cost is required in advance. Should the person fail to pay the estimate, the District is under no duty to produce the requested records. After the request has been fulfilled, additional payments or credits may be due. The District is under no duty to produce records in response to future records requests if the person making the request owes the District for past unpaid duplication charges, special service charges, or other required payments or credits.

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

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

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

Specific Authority: §§ 190.011(5), 190.011(15), Fla. Stat.
Law Implemented: §§ 112.31446(3), 112.3145(8)(a)1., 119.07, 119.0701, 190.006, Fla. Stat.

Rule 1.3	Public Meetings, Hearings, and Workshops.

Notice. Except in emergencies, or as otherwise authorized or required by statute or these Rules, at least seven (7) days’ public notice shall be given of any public meeting, hearing or workshop of the Board. Public notice shall be given by publication in a newspaper of general circulation within the county or counties in which the District is located. A newspaper is deemed to be a newspaper of “general circulation” in the county in which the District is located if such newspaper has been in existence for two (2) years at the time of publication of the applicable notice (unless no newspaper within the county has been published for such length) and satisfies the criteria of section 50.011(1) of the Florida Statutes, or if such newspaper is a direct successor of a newspaper which has been so published, as such provisions may be amended from time to time by law. The annual meeting notice required to be published by Section 189.015 of the Florida Statutes, shall be published as provide in Chapter 50 of the Florida Statutes, and such notice published consistent therewith shall satisfy the requirement to give at least seven (7) days’ public notice as required herein. Each Notice shall state, as applicable:

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

A brief description of the nature, subjects, and purposes of the meeting, hearing, or workshop;

The District office address for the submission of requests for copies of the agenda, as well as a contact name and telephone number for verbal requests for copies of the agenda; and

The following or substantially similar language: “Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at 954-721-8681. If you are hearing or speech impaired, please contact the Florida Relay Service at 1 (800) 955-8770 or 1 (800) 955-8771, who can aid you in contacting the District Office.”

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

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

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

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

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

The District may, but is not required to, use the following format in preparing its agenda for its regular meetings:

Call to order Roll call
Public comments Organizational matters Review of minutes
Specific items of old business Specific items of new business Staff reports
District Counsel
District Engineer
District Manager

Financial Report
Approval of Expenditures Supervisor’s requests and comments Adjournment

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

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

Emergency Meetings. The Chairperson, or Vice-Chairperson if the Chairperson is unavailable, upon consultation with the District Manager and District Counsel, if available, may convene an emergency meeting of the Board without first having complied with sections (1) and (3) of this Rule, to act on emergency matters that may affect the public health, safety, or welfare. Whenever possible, the District Manager shall make reasonable efforts to provide public notice and notify all Board members of an emergency meeting twenty-four (24) hours in advance. Reasonable efforts may include telephone notification. Notice of the emergency meeting must be provided both before and after the meeting on the District’s website, if it has one. Whenever an emergency meeting is called, the District Manager shall be responsible for notifying at least one newspaper of general circulation within the county in which the District is located. After an emergency meeting, the Board shall publish in a newspaper of general circulation within the county in which the District is located, the time, date and place of the emergency meeting, the reasons why an emergency meeting was necessary, and a description of the action taken. Actions taken at an emergency meeting may be ratified by the Board at a regularly noticed meeting subsequently held.

Public Comment. The Board shall set aside a reasonable amount of time at each meeting for public comment and members of the public shall be permitted to provide comment on any proposition before the Board. The portion of the meeting generally reserved for public comment shall be identified in the agenda. Policies governing public comment may be adopted by the Board in accordance with Florida law.

Budget Hearing. Notice of hearing on the annual budget(s) shall be in accord with Section 190.008 of the Florida Statutes. Once adopted in accord with Section
190.008 of the Florida Statutes, the annual budget(s) may be amended from time to time by action of the Board or as otherwise provided in the resolution approving

the annual budget(s). Approval of invoices by the Board in excess of the funds allocated to a particular budgeted line item shall serve to amend the budgeted line item.

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

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

Board Authorization. The District has not adopted Robert’s Rules of Order. For each agenda item, there shall be discussion permitted among the Board members during the meeting. Unless such procedure is waived by the Board, approval or disapproval of resolutions and other proposed Board actions shall be in the form of a motion by one Board member, a second by another Board member, and an affirmative vote by the majority of the Board members present. Any Board member, including the Chairperson, can make or second a motion.

Continuances. Any meeting or public hearing of the Board may be continued without re-notice or re-advertising provided that:

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

The continuance is to a specified date, time, and location publicly announced at the original meeting; and

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

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

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

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

Rule 1.4	Internal Controls to Prevent Fraud, Waste and Abuse

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

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

Florida Statutes; and

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

Support economical and efficient operations; and

Ensure reliability of financial records and reports; and

Safeguard assets.

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

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

Rule 2.0	Rulemaking Proceedings.

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

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

Contain only one subject;

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

Be indefinite such that the rule does not include a provision whereby the rule, or a portion thereof, automatically expires or is repealed on a specific date or at the end of a specified period, unless otherwise expressly authorized by law; and

Only incorporate material by reference in compliance with Section 120.54(1)(i) of the Florida Statutes.

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

Notice of Rule Development.

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

the subject area to be addressed by rule development;

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

The grant of rulemaking authority for the proposed rule;

The law being implemented;

The proposed rule number; and

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

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

Notice of Rulemaking.

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

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

The proposed rule number;

A summary of the proposed rule or amendment;

The full text of the proposed rule or amendment and a summary thereof, unless not required pursuant to 120.81(2)(b) of the Florida Statutes or other Florida law;

The grant of rulemaking authority for the proposed rule;

The law being implemented or interpreted;

The name, e-mail address, and telephone number of the agency employee who may be contacted regarding the intended action;

A concise summary of the District’s statement of the estimated regulatory costs, if one has been prepared, based on the factors set forth in Section 120.541(2) of the Florida Statutes, that describes the regulatory impact of the rule in readable language;

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

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

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

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

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

A reference to both the date on which and the place where the Notice of Rule Development required by Section 4 of this Rule appeared, except when the intended action is the repeal of a rule.

The Notice of Rulemaking shall be published in a newspaper of general circulation within the county or counties in which the District is located at least seven (7) days after the Notice of Rule Development required by Section 4 of this Rule, and at least twenty-eight (28) days prior to the intended action. If the Notice of Rulemaking is not published within one-hundred eighty (180) days of the publication of the Notice of Rule Development, then the District’s Board shall approve a concise statement at least seven (7) days prior to the conclusion of the one-hundred eighty
(180) day timeframe identifying the reason for the delay, which may be supplemented quarterly until the District has adopted the proposed rule.

The Notice of Rulemaking shall be mailed or delivered electronically to all persons named in the proposed rule and to all persons who, at least fourteen (14) days before publication of the notice, have made requests of the District for advance notice of its rulemaking proceedings. Any person may file a written request with the District Manager to receive notice of the District’s rulemaking proceedings. Such persons must furnish a mailing address or e-mail address, and may be required to pay the cost of copying and mailing as applicable.

As of the date of publication of the Notice of Rulemaking, the Board shall make available for public inspection and shall provide, upon request and payment of the cost of copies, the proposed rule, including all material proposed to be incorporated by reference.
Modification of Rules.

Technical Changes.

Prior to rule adoption, the District shall publish a notice of correction (“Notice of Correction”) if any of the information that is required to be included in the Notice of Rulemaking, including technical changes that correct citations or grammatical, typographical or similar errors that do not otherwise affect the substance of the rule, is omitted or is incorrect. A Notice of Correction cannot be used to make substantive changes to the rule text. The Notice of Correction shall be published in a newspaper of general circulation within the county or counties in which the District is located at least seven (7) days prior to the intended action.

After rule adoption, a technical change to a rule may be approved at any time by the District. Promptly thereafter, a Notice of

Correction shall be published by the District in the manner set forth in Section 6(a)(i) of this Rule.

Substantive Changes.

Prior to rule adoption, the District may publish a notice of change (“Notice of Change”) if there is any substantive change, other than a technical change that corrects citations or grammatical, typographical or similar errors that do not otherwise affect the substance of the rule, to a proposed rule, including any material incorporated by reference, or to a SERC. The Notice of Change shall address a summary of the change and may be published in a newspaper of general circulation within the county or counties in which the District is located at least twenty-one (21) days prior to the intended action or as otherwise permissible . The Notice of Change shall also be sent to those persons set forth in Section 5(C) of this Rule that have made requests of the District for advance notice of its rulemaking proceedings. Any substantive change must be either be:

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

In response to written materials submitted to the District;
or

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

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

Withdrawal of Proposed Rules.

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

Prior to the adoption of a rule, the District shall withdraw the proposed rule if the District has either failed to adopt such rule within one-hundred eighty (180) days of the publication of the Notice of Rule Development required by Section 4 of this Rule or to approve a concise statement at least seven (7) days prior to the conclusion of the one-hundred eighty (180)

day timeframe identifying the reason for the delay, which may be supplemented quarterly until the District has adopted the proposed rule.

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

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

Rule Development Workshops.

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

If a workshop is held, the District must ensure that the person(s) responsible for preparing the rule and the SERC, if applicable, are available to explain the District’s proposed rule and to respond to questions or comments regarding the rule being developed.

The notice of any workshop shall be published in a newspaper of general circulation within the county or counties in which the District is located at least fourteen (14) days prior to the workshop setting forth the following:

The place, date, and time of the workshop;

The subject area that will be addressed; and

The District Manager’s contact information.

Petitions to Initiate Rulemaking.

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

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

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

If the District elects to hold a public hearing, notice of the public hearing (“Notice of Rulemaking Petition Public Hearing”) shall be published in a newspaper of general circulation within the county or counties in which the District is located. The public hearing shall be held by the District within thirty (30) days after publication of the Notice of Rulemaking Petition Public Hearing.

Not later than thirty (30) days following the date of the public hearing held pursuant to Section 9(c)(i) of this Rule, the District shall either i) initiate rulemaking proceedings, ii) otherwise comply with the requested action, or iii) deny the petition with a written statement of its reasons for the denial.

If the District decides to initiate rulemaking it shall proceed with the rulemaking process as set forth in this Rule.

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

circulation within the county or counties in which the District is located.

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

Public Hearing.

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

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

The date, time, and location of the public hearing; and

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

Emergency Rule Adoption.

The Board may adopt an emergency rule if it finds that immediate danger to the public health, safety, or welfare exists which requires immediate action or if the Legislature authorizes the District to adopt emergency rules. The District may use any procedure which is fair under the circumstances in the adoption of an emergency rule as long as it protects the public interest as determined by the District.

At the time or prior to the adoption of an emergency rule, the District shall post on its website a notice regarding its adoption of the emergency rule

(the “Notice of Emergency Rule”) which includes the specific facts and reasons for finding an immediate danger to the public health, safety, or welfare and its reasons for concluding that procedure used is fair under the circumstances. The Notice of Emergency Rule shall thereafter be promptly published in a newspaper of general circulation within the county or counties in which the District is located, and shall include the following information:

The full text of the rule(s); and

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

An emergency rule shall be effective immediately upon adoption by the District, or on a date less than twenty (20) days thereafter if specified in the emergency rule if the District finds that a later effective date is necessary because of immediate danger to the public health, safety, or welfare. An emergency rule may not be effective for a period of more than ninety (90) days after adoption and may not be renewable, unless the District has initiated rulemaking to adopt rules addressing the subject of the emergency rule and either i) a challenge to the proposed rules has been filed and remains pending or ii) the proposed rules are awaiting ratification by the Legislature, if applicable. Nothing in this paragraph prohibits the District from adopting a rule identical to the emergency rule through the non-emergency rulemaking procedures set forth in this Rule.

If an emergency rule is being renewed in accordance with Section 11(d) of this Rule, notice of the renewal of the emergency rule (the “Notice of Renewal of Emergency Rule”) shall be published before the expiration of the existing emergency rule. The Notice of Renewal of Emergency Rule shall be published in a newspaper of general circulation within the county or counties in which the District is located and shall include the specific facts and reasons for such renewal.

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

The District may supersede an emergency rule in effect through the adoption of another emergency rule before the superseded rule expires. The District shall post on its website and publish a Notice of Emergency Rule, in accordance with Section 11(b) of this Rule, identifying the reason for adopting the superseding rule. The superseding rule shall not be in effect longer than the duration of the effective period of the superseded rule.

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

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

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

The rule number; and

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

Negotiated Rulemaking. The District may use negotiated rulemaking in developing and adopting rules pursuant to Section 120.54(2)(d) of the Florida Statutes, except that any notices required under Section 120.54(2)(d) of the Florida Statutes, may be published in a newspaper of general circulation within the county or counties in which the District is located.

Rulemaking Record. In all rulemaking proceedings, the District shall compile and maintain a rulemaking record (“Rulemaking Record”) which shall be on file with the District at least twenty-one (21) days prior to the proposed adoption date of the rule. The Rulemaking Record shall include, as applicable:

A copy of the rule;

Any material incorporated by reference in the rule;

A detailed written statement of the facts and circumstances justifying the proposed rule;

Any SERC for the rule, if required by Section 120.54(3)(b)1. of the Florida Statutes or otherwise prepared, and any information created or used by the District in determining whether a SERC is required;

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

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

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

Petitions to Challenge Rules.

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

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

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

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

The petition shall be filed with the District. Within ten (10) days after receiving the petition, or seven (7) days if the challenge relates to an emergency rule, the Chairperson shall, if the petition complies with the

requirements of subsection (b) of this section, designate any member of the Board (including the Chairperson), District Manager, District Counsel, or other person as a hearing officer who shall conduct a hearing within thirty (30) days thereafter, or fourteen (14) days if the challenge relates to an emergency rule, unless the petition is withdrawn or a continuance is granted by agreement of the parties. The failure of the District to follow the applicable rulemaking procedures or requirements in this Rule shall be presumed to be material; however, the District may rebut this presumption by showing that the substantial interests of the petitioner and the fairness of the proceedings have not been impaired.

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

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

Administer oaths and affirmations;

Rule upon offers of proof and receive relevant evidence;

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

Enter orders; and

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

Within thirty (30) days after the hearing, or fourteen (14) days of the challenge relate to an emergency rule, the hearing officer shall render a decision and state the reasons therefor in writing. The hearing officer’s order shall be considered final agency action. The hearing officer may declare all or part of a proposed or existing rule invalid. For a proposed rule, the proposed rule or provision thereof declared invalid shall not be adopted unless the decision of the hearing officer is reversed on appeal.

In the event part of a proposed rule is declared invalid, the District may, in its sole discretion, withdraw the proposed rule in its entirety. For an existing rule, the rule or part thereof declared invalid shall become void when the time for filing an appeal expires. In the event that a proposed or existing rule has been declared invalid in whole or part, the District shall promptly publish notice of such occurrence published in a newspaper of general circulation within the county or counties in which the District is located.

Variances and Waivers. A “variance” means a decision by the District to grant a modification to all or part of the literal requirements of a rule to a person who is subject to the rule. A “waiver” means a decision by the District not to apply all or part of a rule to a person who is subject to the rule. Variances and waivers from District rules may be granted subject to the following:

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

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

The rule from which a variance or waiver is requested;

The type of action requested;

The specific facts that would justify a waiver or variance for the petitioner; and

The reason why the variance or the waiver requested would serve the purposes of the underlying statute.

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

of the District, the District shall proceed, at the petitioner’s written request, to process the petition.

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

Review of Adopted Rules.

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

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

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

Is a valid exercise of delegated legislative authority;

Has current statutory authority;

Reiterates or paraphrases statutory material;

Is in proper form;

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

Requires a technical or substantive update to reflect current use; and

Requires updated references to statutory citations and incorporated materials.

By April 1 of each year in which a rule review is being undertaken, the District shall adopt a resolution evidencing the completion of rule review and authorizing one of the following actions relative to its rule review (the “Rule Review Resolution”):

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

A copy of the reviewed rule;

A written statement of its intended action; and

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

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

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

A written statement of its intended action;

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

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

If the District determines that the rule requires a substantive change, the District shall promptly initiate rulemaking in accordance with this Rule to make all changes, including any

technical changes, and the District Rule Review Resolution shall include the following information:

A copy of the reviewed rule;

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

A written statement of its intended action; and

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

If the District determines that the rule should be repealed, the District shall promptly initiate the repeal the rule in accordance with this Rule, and the District Rule Review Resolution shall include the following information:

A written statement of its intended action; and

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

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

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

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

Rule 3.0	Competitive Purchase.

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

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

Definitions.

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

“Continuing Contract” means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

“Contractual Service” means the rendering by a contractor of its time and effort rather than the furnishing of specific commodities. The term applies only to those services rendered by individuals and firms who are independent contractors. Contractual Services do not include auditing services, Maintenance Services, or Professional Services as defined in Section 287.055(2)(a) of the Florida Statutes, and these Rules. Contractual Services also do not include any contract for the furnishing of labor or materials for the construction, renovation, repair, modification, or demolition of any facility, building, portion of building, utility, park, parking lot, or structure or other improvement to real property entered into pursuant to Chapter 255 of the Florida Statutes, and Rules 3.5 or 3.6.

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

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

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

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

“Design Criteria Package” means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design-Build Contract. The Design Criteria Package must specify performance-based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.

“Design Criteria Professional” means a firm who holds a current certificate of registration under Chapter 481 of the Florida Statutes, to practice architecture or landscape architecture, or a firm who holds a current certificate as a registered engineer under Chapter 471 of the Florida Statutes, to practice engineering, and who is employed by or under contract to the District to provide professional architect services, landscape architect services, or engineering services in connection with the preparation of the Design Criteria Package.

“Emergency Purchase” means a purchase necessitated by a sudden unexpected turn of events (for example, acts of God, riot, fires, floods,

hurricanes, accidents, or any circumstances or cause beyond the control of the Board in the normal conduct of its business), where the Board finds that the delay incident to competitive purchase would be detrimental to the interests of the District. This includes, but is not limited to, instances where the time to competitively award the project will jeopardize the funding for the project, will materially increase the cost of the project, or will create an undue hardship on the public health, safety, or welfare.

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

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

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

“Professional Services” means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as defined by the laws of Florida, or those services performed by any architect, professional engineer, landscape architect, or registered surveyor and mapper, in connection with the firm’s or individual’s professional employment or practice.

“Proposal (or Reply or Response) Most Advantageous to the District” means, as determined in the sole discretion of the Board, the proposal, reply, or response that is:

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

The most responsive to the Request for Proposals, Invitation to Negotiate, or Competitive Solicitation as determined by the Board; and

For a cost to the District deemed by the Board to be reasonable.

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

“Request for Proposals” or “RFP” is a written solicitation for sealed proposals with the title, date, and hour of the public opening designated and requiring the manual signature of an authorized representative. It may provide general information, applicable laws and rules, statement of work, functional or general specifications, qualifications, proposal instructions, work detail analysis, and evaluation criteria as necessary.

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

The ability and adequacy of the professional personnel employed by the entity/individual;

The past performance of the entity/individual for the District and in other professional employment;

The willingness of the entity/individual to meet time and budget requirements;

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

The	recent,	current,	and	projected	workloads	of	the entity/individual;

The volume of work previously awarded to the entity/individual;

Whether the cost components of the bid or proposal are appropriately balanced; and

Whether the entity/individual is a certified minority business enterprise.

“Responsive Bid,” “Responsive Proposal,” “Responsive Reply,” and “Responsive Response” all mean a bid, proposal, reply, or response which conforms in all material respects to the specifications and conditions in the Invitation to Bid, Request for Proposals, Invitations to Negotiate, or Competitive Solicitation document and these Rules, and the cost components of which, if any, are appropriately balanced. A bid, proposal, reply or response is not responsive if the person or firm submitting it fails to meet any material requirement relating to the qualifications, financial stability, or licensing of the bidder.

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

Rule 3.1	Procedure Under the Consultants’ Competitive Negotiations Act.

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

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

Hold all required applicable state professional licenses in good standing;

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

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

Meet any qualification requirements set forth in the District’s Request for Qualifications.

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

Public Announcement. Except in cases of valid public emergencies as certified by the Board, the District shall announce each occasion when Professional Services are required for a Project or a Continuing Contract by publishing a notice providing a general description of the Project, or the nature of the Continuing Contract, and the method for interested consultants to apply for consideration. The notice shall appear in at least one (1) newspaper of general circulation within the county or counties in which the District is located and in such other places as the District deems appropriate. The notice must allow at least fourteen (14) days for submittal of qualifications from the date of publication. The District may maintain lists of consultants interested in receiving such notices. These consultants are encouraged to submit annually statements of qualifications and performance data. The District shall make reasonable efforts to provide copies of any notices

to such consultants, but the failure to do so shall not give such consultants any bid protest or other rights or otherwise disqualify any otherwise valid procurement process. The Board has the right to reject any and all qualifications, and such reservation shall be included in the published notice. Consultants not receiving a contract award shall not be entitled to recover from the District any costs of qualification package preparation or submittal.

Competitive Selection.

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

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

Whether a consultant is a certified minority business enterprise;

Each consultant’s past performance;

The willingness of each consultant to meet time and budget requirements;

The geographic location of each consultant’s headquarters, office and personnel in relation to the project;

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

The volume of work previously awarded to each consultant by the District.

Nothing in these Rules shall prevent the District from evaluating and eventually selecting a consultant if less than three (3) Responsive qualification packages, including packages indicating a desire not to provide Professional Services on a given Project, are received.

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

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

Competitive Negotiation.

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

In negotiating a lump-sum or cost-plus-a-fixed-fee professional contract for more than the threshold amount provided in Section 287.017 of the Florida Statutes, for CATEGORY FOUR, the firm receiving the award shall be required to execute a truth-in-negotiation certificate stating that “wage rates and other factual unit costs supporting the compensation are accurate, complete and current at the time of contracting.” In addition, any professional service contract under which such a certificate is required, shall contain a provision that “the original contract price and any additions thereto, shall be adjusted to exclude any significant sums by which the Board determines the contract price was increased due to inaccurate, incomplete, or noncurrent wage rates and other factual unit costs.”

Should the District be unable to negotiate a satisfactory agreement with the firm determined to be the most qualified at a price deemed by the District to be fair, competitive, and reasonable, then negotiations with that firm shall be terminated and the District shall immediately begin negotiations with the second most qualified firm. If a satisfactory

agreement with the second firm cannot be reached, those negotiations shall be terminated and negotiations with the third most qualified firm shall be undertaken.

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

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

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

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

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

Rule 3.2	Procedure Regarding Auditor Selection.

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

Establishment of Auditor Selection Committee. Prior to a public announcement under section (3) of this Rule that Auditing Services are required, the Board shall establish an auditor selection committee (“Committee”), the primary purpose of which is to assist the Board in selecting an auditor to conduct the annual financial audit required by Section 218.39 of the Florida Statutes. The Committee shall include at least three individuals, at least one of which must also be a member of the Board. The establishment and selection of the Committee must be conducted at a publicly noticed and held meeting of the Board. The Chairperson of the Committee must be a member of the Board. An employee, a chief executive officer, or a chief financial officer of the District may not serve as a member of the Committee; provided however such individual may serve the Committee in an advisory capacity.

Establishment of Minimum Qualifications and Evaluation Criteria. Prior to a public announcement under section (3) of this Rule that Auditing Services are required, the Committee shall meet at a publicly noticed meeting to establish minimum qualifications and factors to use for the evaluation of Auditing Services to be provided by a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

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

Hold all required applicable state professional licenses in good standing;

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

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

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

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

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

Ability of personnel;

Experience;

Ability to furnish the required services; and

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

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

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

Request for Proposals. The Committee shall provide interested firms with a Request for Proposals (“RFP”). The RFP shall provide information on how proposals are to be evaluated and such other information the Committee determines is necessary for the firm to prepare a proposal. The RFP shall state the time and place for submitting proposals, which may be submitted either electronically or via hard copy as determined by the District and provided for in

the RFP. For the avoidance of doubt, the Proposals shall not be required to be publicly opened at the date, time, and place provided for in the RFP relative to the submission of Proposals.

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

Board Selection of Auditor.

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

Where compensation was selected as a factor used in evaluating the proposals, the Board shall select the highest-ranked qualified firm or document in its public records the reason for not selecting the highest-ranked qualified firm.

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

Notwithstanding the foregoing, the Board may reject any or all proposals. The Board shall not consider any proposal, or enter into any contract for Auditing Services, unless the proposed agreed-upon compensation is reasonable to satisfy the requirements of Section 218.39 of the Florida Statutes, and the needs of the District.

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

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

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

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

A provision specifying the contract period, including renewals, and conditions under which the contract may be terminated or renewed. The maximum contract period including renewals shall be eight (8) years. A renewal may be done without the use of the auditor selection procedures provided in this Rule but must be in writing.

Provisions required by law that require the auditor to comply with public records laws.

Notice of Award. Once a negotiated agreement with a firm or individual is reached, or the Board authorizes the execution of an agreement with a firm where compensation was a factor in the evaluation of proposals, notice of the intent to award, including the rejection of some or all proposals, shall be provided in writing to all proposers by e-mail (with a delivery and read receipt), United States Mail, hand delivery, or overnight delivery service. The District may alternatively post the notice of intent to award on its website at the conclusion of the Board meeting where the proposals were evaluated if so provided for in the RFP. The notice shall

include the following statement: “Failure to file a protest within the time prescribed in Rule 3.11 of the Rules of the District shall constitute a waiver of proceedings under those Rules,” or wording to that effect. Protests regarding the award of contracts under this Rule shall be as provided for in Rule 3.11. No proposer shall be entitled to recover any costs of proposal preparation or submittal from the District.

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

Rule 3.3	Purchase of Insurance.

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

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

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

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

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

Bids shall be opened at the time and place noted in the Invitation to Bid.

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

The Board has the right to reject any and all bids and such reservations shall be included in all solicitations and advertisements.

Simultaneously with the review of the submitted bids, the District may undertake negotiations with those companies that have submitted reasonable and timely bids and, in the opinion of the District, are fully qualified and capable of meeting all services and requirements. Bid responses shall be evaluated in accordance with the specifications and criteria contained in the Invitation to Bid; in addition, the total cost to the District, the cost, if any, to the District officers, employees, or their

dependents, the geographic location of the company’s headquarters and offices in relation to the District, and the ability of the company to guarantee premium stability may be considered. A contract to purchase insurance shall be awarded to that company whose response to the Invitation to Bid best meets the overall needs of the District, its officers, employees, and/or dependents.

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

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

Rule 3.4	Pre-qualification

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

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

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

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

The Request for Qualifications shall be advertised at least once in a newspaper of general circulation within the county or counties in which the project is located. The notice shall allow at least seven (7) days for submittal of qualifications for goods, supplies and materials, Contractual Services, maintenance services, and construction services under two hundred fifty thousand dollars ($250,000). The notice shall allow at least twenty-one (21) days for submittal of qualifications for construction services estimated to cost over two hundred fifty thousand dollars ($250,000) and thirty (30) days for construction services estimated to cost over five hundred thousand dollars ($500,000).

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

If the District has pre-qualified vendors for a particular category of purchase, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies or responses

in response to the applicable Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation.

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

Hold all required applicable state professional licenses in good standing;

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

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

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

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

Qualifications shall be presented to the Board, or a committee appointed by the Board, for evaluation in accordance with the Request for Qualifications and this Rule. Minor variations in the qualifications may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature.

All vendors determined by the District to meet the pre-qualification requirements shall be pre-qualified. To assure full understanding of the responsiveness to the requirements contained in a Request for Qualifications, discussions may be conducted with qualified vendors. Vendors shall be accorded fair treatment prior to the submittal date with respect to any opportunity for discussion and revision of qualifications. For construction services, any contractor pre-qualified and considered eligible by the Department of Transportation to bid to perform the type of work the project entails shall be presumed to be qualified to perform the project.

The Board shall have the right to reject all qualifications if there are not enough to be competitive or if rejection is determined to be in the best

interest of the District. No vendor shall be entitled to recover any costs of qualification preparation or submittal from the District.

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

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

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

One of the circumstances specified under Section 337.16(2), Fla. Stat., has occurred.

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

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

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

The vendor’s qualification to bid is suspended, revoked, or denied by any other public or semi-public entity, or the vendor has been the subject of a civil enforcement proceeding or settlement involving a public or semi-public entity.

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

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

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

The vendor did not pay its subcontractors or suppliers in a timely manner or in compliance with contract documents.

The vendor has demonstrated instances of poor or unsatisfactory performance, deficient management resulting in project delay, poor quality workmanship, a history of payment of liquidated damages, untimely completion of projects, uncooperative attitude, contract litigation, inflated claims or defaults.

An affiliate of the vendor has previously been determined by the District to be non-responsible, and the specified period of suspension, revocation, denial, or non-responsibility remains in effect.

The vendor or affiliate(s) has been convicted of a contract crime.

The term “contract crime” means any violation of state or federal antitrust laws with respect to a public contract or any violation of any state or federal law involving fraud, bribery, collusion, conspiracy, or material misrepresentation with respect to a public contract.

The term “convicted” or “conviction” means a finding of guilt or a conviction of a contract crime, with or without an adjudication of guilt, in any federal or state trial court of record as a result of a jury verdict, nonjury trial, or entry of a plea of guilty or nolo contendere.

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

Complaints from the public;
Delay or interference with the bidding process;
The potential for repetition;
Integrity of the public contracting process;
Effect on the health, safety, and welfare of the public.

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

Rule 3.5	Construction Contracts, Not Design-Build.

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

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

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

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

The District may maintain lists of persons interested in receiving notices of Invitations to Bid, Requests for Proposals, Invitations to Negotiate, and Competitive Solicitations. The District shall make a good faith effort to provide written notice, by e-mail, United States Mail, hand delivery, or to persons who provide their name and address to the District Manager for inclusion on the list. However, failure of a person to receive the notice

shall not invalidate any contract awarded in accordance with this Rule and shall not be a basis for a protest of any contract award.

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

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

Hold all required applicable state professional licenses in good standing;

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

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

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

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

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

Bids, proposals, replies, and responses, or the portions of which that include the price, shall be publicly opened at a meeting noticed in accordance with Rule 1.3, and at which at least one district representative

is present. The name of each bidder and the price submitted in the bid shall be announced at such meeting and shall be made available upon request. Minutes should be taken at the meeting and maintained by the District. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation and these Rules. Minor variations in the bids, proposals, replies, or responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.

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

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

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

If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase construction services or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of construction services, in the manner the

Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the construction services without further competitive selection processes.

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

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

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

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

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

Exceptions. This Rule is inapplicable when:

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

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

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

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

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

Rule 3.6	Construction Contracts, Design-Build.

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

Procedure.

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

A Design Criteria Package for the construction project shall be prepared and sealed by the Design Criteria Professional. If the project utilizes existing plans, the Design Criteria Professional shall create a Design Criteria Package by supplementing the plans with project specific requirements, if any.

The Board may either choose to award the Design-Build Contract pursuant to the competitive proposal selection process set forth in Section 287.055(9) of the Florida Statutes, or pursuant to the qualifications-based selection process pursuant to Rule 3.1.

Qualifications-Based Selection. If the process set forth in Rule 3.1 is utilized, subsequent to competitive negotiations, a guaranteed maximum price and guaranteed completion date shall be established.

Competitive Proposal-Based Selection. If the competitive proposal selection process is utilized, the Board, in consultation with the Design Criteria Professional, shall establish the criteria, standards and procedures for the evaluation of Design-Build Proposals based on price, technical, and design aspects of the project, weighted for the project. After a Design Criteria Package and the standards and procedures for evaluation of proposals have been developed,

competitive proposals from qualified firms shall be solicited pursuant to the design criteria by the following procedure:

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

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

In order to be eligible to submit a proposal, a firm must, at the time of receipt of the proposals:

Hold the required applicable state professional licenses in good standing, as defined by Section 287.055(2)(h) of the Florida Statutes;

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

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

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

Any contractor that has been found guilty by a court of any violation of federal labor or employment tax laws regarding

subjects including but not limited to reemployment assistance, safety, tax withholding, worker’s compensation, unemployment tax, social security and Medicare tax, wage or hour, or prevailing rate laws within the past 5 years may be considered ineligible by the District to submit a bid, response, or proposal for a District project.

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

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

The Board shall have the right to reject all proposals if the proposals are too high, or rejection is determined to be in the best interest of the District. No vendor shall be entitled to recover any costs of proposal preparation or submittal from the District.

If less than three (3) Responsive Proposals are received, the District may purchase design-build services or may reject the proposals for lack of competitiveness. If no Responsive Proposals are received, the District may proceed with the procurement of design-build services in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the design-build services without further competitive selection processes.

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

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

After the Board contracts with a firm, the firm shall bring to the Board for approval, detailed working drawings of the project.

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

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

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

Exceptions. This Rule is inapplicable when:

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

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

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

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

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

Rule 3.7	Payment and Performance Bonds.

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

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

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

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

Rule 3.8	Goods, Supplies, and Materials.

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

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

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

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

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

If the District has pre-qualified suppliers of goods, supplies, and materials, then, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies, or responses.

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

Hold all required applicable state professional licenses in good standing;

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

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

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

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

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

Bids, proposals, replies, and responses shall be publicly opened at the time and place noted on the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, and this Rule. Minor variations in the bids, proposals, replies, or responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.

The lowest Responsive Bid, after taking into account the preferences provided for in this subsection, submitted by a Responsive and Responsible Bidder in response to an Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation shall be accepted. If the lowest Responsive Bid is submitted by a Responsive and Responsible Bidder

whose principal place of business is located in a foreign state which does not grant a preference in competitive purchase to businesses whose principal place of business are in that foreign state, the lowest Responsible and Responsive Bidder whose principal place of business is in the State of Florida shall be awarded a preference of five (5) percent. If the lowest Responsive Bid is submitted by a Responsive and Responsible Bidder whose principal place of business is located in a foreign state which grants a preference in competitive purchase to businesses whose principal place of business are in that foreign state, the lowest Responsible and Responsive Bidder whose principal place of business is in the State of Florida shall be awarded a preference equal to the preference granted by such foreign state.

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

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

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

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

supplies, and materials under this Rule shall be in accordance with the procedures set forth in Rule 3.11.

If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase goods, supplies, or materials, or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of goods, supplies, and materials, in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the goods, supplies, and materials without further competitive selection processes.

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

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

Renewal. Contracts for the purchase of goods, supplies, and/or materials subject to this Rule may be renewed for a maximum contract period including renewals of eight (8) years.

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

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

Rule 3.9	Maintenance Services.

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

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

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

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

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

If the District has pre-qualified suppliers of maintenance services, then, at the option of the District, only those persons who have been pre-qualified will be eligible to submit bids, proposals, replies, and responses.

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

Hold all required applicable state professional licenses in good standing;

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

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

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

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

Bids, proposals, replies, and responses shall be publicly opened at the time and place noted on the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation. Bids, proposals, replies, and responses shall be evaluated in accordance with the respective Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, and these Rules. Minor variations in the bids, proposals, replies, and responses may be waived by the Board. A variation is minor if waiver of the variation does not create a competitive advantage or disadvantage of a material nature. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids and proposals may not be modified or supplemented after opening; provided however, additional information may be requested and/or provided to evidence compliance, make non-material modifications, clarifications, or supplementations, and as otherwise permitted by Florida law.

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

The Board shall have the right to reject all bids, proposals, replies, or responses because they exceed the amount of funds budgeted for the purchase, if there are not enough to be competitive, or if rejection is

determined to be in the best interest of the District. No Vendor shall be entitled to recover any costs of bid, proposal, reply, or response preparation or submittal from the District.

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

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

If less than three (3) Responsive Bids, Proposals, Replies, or Responses are received, the District may purchase the maintenance services or may reject the bids, proposals, replies, or responses for a lack of competitiveness. If no Responsive Bid, Proposal, Reply, or Response is received, the District may proceed with the procurement of maintenance services, in the manner the Board determines is in the best interests of the District, which may include but is not limited to a direct purchase of the maintenance services without further competitive selection processes.

Exemptions. Maintenance services that are only available from a single source are exempt from this Rule. Maintenance services provided by governmental agencies are exempt from this Rule. A contract for maintenance services is exempt from this Rule if state or federal law prescribes with whom the District must contract or if the rate of payment is established during the appropriation process.

Renewal. Contracts for the purchase of maintenance services subject to this Rule may be renewed for a maximum contract period including renewals of eight (8) years.

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

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

Specific Authority: §§ 190.011(5), 190.011(15), 190.033, Fla. Stat.
Law Implemented: §§ 119.0701, 190.033, 287.017, Fla. Stat.

Rule 3.10	Contractual Services.

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

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

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

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

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

Filing.

With respect to a protest regarding qualifications, specifications, documentation, or other requirements contained in a Request for Qualifications, Request for Proposals, Invitation to Bid, or Competitive Solicitation issued by the District, the notice of protest shall be filed in writing within seventy-two (72) calendar hours (excluding Saturdays, Sundays, and state holidays) after the first advertisement of the Request for Qualifications, Request for Proposals, Invitation to Bid, or Competitive Solicitation. A formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturdays, Sundays, and state holidays) after the initial notice of protest was filed. For purposes of this Rule, wherever applicable, filing will be perfected and deemed to have occurred upon receipt by the District. Failure to file a notice of protest shall constitute a waiver of all rights to protest the District’s intended decision. Failure to file a formal written protest shall constitute an abandonment of the protest proceedings and shall automatically terminate the protest proceedings.

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

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

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

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

Informal Proceeding. If the Board determines a protest does not involve a disputed issue of material fact, the Board may, but is not obligated to, schedule an informal proceeding to consider the protest. Such informal proceeding shall be at a time and place determined by the Board. Notice of such proceeding shall be sent via e-mail (with a delivery and read receipt), United States Mail, or hand delivery to the protestor and any substantially affected persons or parties not less than three (3) calendar days prior to such informal proceeding. Within thirty (30) calendar days following the informal proceeding, the Board shall issue a written decision setting forth the factual, legal, and policy grounds for its decision.

Formal Proceeding. If the Board determines a protest involves disputed issues of material fact or if the Board elects not to use the informal proceeding process provided for in section (3) of this Rule, the District shall schedule a formal hearing to resolve the protest. The Chairperson shall designate any member of the Board (including the Chairperson), District Manager, District Counsel, or other person as a hearing officer to conduct the hearing. The hearing officer may:

Administer oaths and affirmations;

Rule upon offers of proof and receive relevant evidence;

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

Enter orders; and

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

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

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

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

Intervenors. Other substantially affected persons may join the proceedings as intervenors on appropriate terms which shall not unduly delay the proceedings.

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

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

Rule 4.0	Effective Date.

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

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

Prepared by and return to:

Jere Earlywine, Esq. Kutak Rock LLP
107 W College Avenue Tallahassee, Florida 32301

SECOND AMENDED AND RESTATED DISTRICT INTERLOCAL AGREEMENT

THIS SECOND AMENDED AND RESTATED DISTRICT INTERLOCAL AGREEMENT (“Agreement”) is
entered into this     day of 	, 2026 (“Effective Date”), by and among the VERANO CENTER COMMUNITY DEVELOPMENT DISTRICT (“Center District”), the VERANO #1 COMMUNITY DEVELOPMENT DISTRICT (“District #1”), the VERANO #2 COMMUNITY DEVELOPMENT DISTRICT (“District #2”), the VERANO #3 COMMUNITY DEVELOPMENT DISTRICT (“District #3”), the VERANO #4 COMMUNITY DEVELOPMENT DISTRICT
(“District #4”), and the VERANO #5 COMMUNITY DEVELOPMENT DISTRICT (“District #5”), each a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in St. Lucie County, Florida. Center District, District #1, District #2, District #3, District #4, and District #5 may be each be referred to as a “District” or collectively as the “Districts.”
WITNESSETH:

WHEREAS, each of the Districts was established pursuant Chapter 190, Florida Statutes for the purposes of planning, financing, constructing, operating and/or maintaining certain infrastructure benefitting the lands within its respective boundaries, including infrastructure to provide stormwater management and other master improvements that benefit the Districts; and
WHEREAS, the lands within the boundaries of the Districts are contiguous or in close proximity to each other and are being developed as the project known as “Verano;” and
WHEREAS, the Districts previously entered into that certain Amended and Restated District Interlocal Agreement dated April 9, 2015 (as amended from time to time, “Verano Interlocal”), which authorizes District #5 to, among other things, administer the operation and maintenance of various capital improvements on behalf of the Districts and with respect to Verano; and
WHEREAS, the Districts and the City of Port St. Lucie are parties to that certain Second Amended and Restated Interlocal Agreement to Provide Maintenance of the Stormwater Management System for the Verano Community Development Districts dated May 22, 2023, and recorded in Official Records Book 4999, Pages 2064 et seq. of the Public Records of St. Lucie County, Florida (“City Agreement”), as may be amended from time to time, which City Agreement remains in full force and effect; and
WHEREAS, pursuant to the Verano Interlocal, and the City Agreement, the Districts delegated to District #5, among other things, the power and authority to act on behalf of the Districts to maintain the stormwater management system for Verano (“Stormwater System”); and
WHEREAS, the City Agreement further authorizes District #5 to receive on behalf of all of the Districts the City’s stormwater rebates (“Stormwater Rebates”) for use in taking care of the Stormwater System; and
WHEREAS, the Florida Interlocal Cooperation Act of 1969, Section 163.01, Florida Statutes, permits local governmental units to make the most efficient use of their respective powers by enabling them to cooperate with one another on a basis of mutual advantage and thereby to provide services and facilities in a manner and

pursuant to forms of governmental organization that will accord best with geographic, economic, population, and other factors influencing the needs and development of local communities; and
WHEREAS, as the development of Verano has progressed, the Districts now desire to revise the Verano Interlocal in order to clarify the terms of the Verano Interlocal and further to allow each District to manage its individual neighborhood improvements, but to authorize District #5 to continue to operate and maintain all “master” improvements such as the Stormwater System, as well as certain “Additional Master Improvements” (together with the Stormwater System, “Master Improvements”), as described more fully in Exhibit A;
NOW, THEREFORE, in consideration of the mutual understandings and covenants set forth herein, and other good and valuable consideration, the receipt of sufficiency of which are hereby acknowledged, each District agrees as follows:
SECTION 1. RECITALS. The foregoing recitals are true and correct and by this reference are incorporated into and form a material part of this Agreement.
SECTION 2. PURPOSE; LIMITED SCOPE. This Agreement is entered into for the limited purpose of coordinating the ownership, operation, maintenance, repair, replacement, and administration of the Master Improvements. This Agreement supersedes and replaces in the entirety Verano Interlocal. This Agreement is not intended to, and does not, amend the City Agreement.
SECTION 3.	LIMITED DESIGNATION OF DISTRICT #5 AS ADMINISTRATIVE DISTRICT. The Districts
designate District #5 as the “Administrative District” for purposes of administration and coordination of the Master Improvements under this Agreement. The Districts expressly delegate to the Administrative District all authority and responsibility to execute, on behalf of any individual or all Districts, documents reasonable and necessary to effectuate the satisfaction or release of certain liens, assessments, contracts, license agreements, permits, insurance claims, or other encumbrances held, imposed, recorded, or entered into by any or all of the Districts upon or with respect to real property or the Verano development prior to the Effective Date and otherwise necessary to fulfill the terms of prior versions of the Interlocal Agreement among the Districts, as amended and restated by this Agreement. The Administrative District may execute any such document without requiring the joinder, consent, or signature of any other District, and each District hereby appoints the Administrative District as its attorney-in-fact for such limited purposes. The Administrative District shall provide written notice to the affected District(s) before executing any such document on its behalf. Any costs, liabilities, or expenses arising from the wind-down or resolution of such pre-existing matters shall be allocated among the Districts as Proportionate Shares unless otherwise agreed in writing. The authority granted under this Section shall survive the termination or expiration of this Agreement until all such pre-existing matters have been fully resolved.
SECTION 4. STORMWATER SYSTEM. Consistent with the terms of the City Agreement, District #5, as the Administrative District, shall have the following authority, responsibilities, rights, and obligations:
Serve as the point of contact among the Districts for all matters relating to the Stormwater System, including but not limited to maintenance, operation, repair and replacement of the Stormwater System; and
Coordinate with the City of Port St. Lucie (the “City”) regarding the City Agreement; and

Receive Stormwater Rebates or similar payments under the City Agreement and administer distribution as provided in this Agreement; and

Request and receive from each District reasonable documentation evidencing maintenance activities and compliance with stormwater-related permit requirements; and
Provide notices and administer the self-help process set forth in this Agreement; and

Otherwise carry out the purpose and intent of this Agreement and the City Agreement; and

Maintaining swales, conveyance channels, and waterways to ensure proper functioning of the stormwater management system in accordance with the design criteria set forth within all South Florida Water Management District surface water management permits applicable to the Stormwater System (“Permits”); and
Maintaining berms and drainage divides to assure structural integrity; and

Operating and maintaining stormwater control structures in accordance with the Permits, including managing allowable discharges from, and the storage of stormwater within, the Stormwater System; and
Analyzing and reporting water quality sampling as required by the Permits; and

Managing wetlands and preserve areas for water quality enhancement purposes in accordance with the Permits; and
Complying with all water quality standards imposed by all applicable governmental bodies, agencies, and special districts having authority within the boundaries of the Districts; and
Providing for the storage and conveyance of stormwater through the Stormwater System in accordance with the Permits; and
Maintaining the Designated Crosstown Stormwater Components located within the pathway generally depicted in the attached Exhibit A to the City Agreement, including those drainage pipes and related structures and facilities (A) lying within easements dedicated or to be dedicated to District #5 north of the Crosstown Parkway right-of-way, and (B) those facilities lying within the drainage easement as described in the sketch and legal description provided in Exhibit B to the City Agreement upon a portion of the Crosstown Parkway right-of-way, but not including maintenance of any other portion of the Crosstown Parkway drainage system; and
Otherwise taking all actions reasonably necessary to maintain, operate, repair and replace the Stormwater System consistent with the Permits, the City Agreement, and all applicable laws and approvals.
SECTION 5.	ADDITIONAL MASTER IMPROVEMENTS. The Administrative District, shall have the following authority and responsibilities with respect to the Additional Master Improvements:
Serve as the point of contact among the Districts for all matters relating to the Additional Master Improvements, including but not limited to maintenance, operation, repair, replacement, and administrative matters; and

Operate, maintain, repair and replace the Additional Master Improvements, consistent with the terms of this Agreement; and
Comply with all applicable federal, state, and local laws, rules, regulations, ordinances, permits, and approvals applicable to the Additional Master Improvements; and
Invoice and collect from each District its proportionate share of costs related to the Additional Master Improvements in accordance with this Agreement; and
Request and receive from each District reasonable documentation evidencing maintenance activities and compliance with applicable permit requirements related to the Additional Master Improvements; and
Perform all administrative functions related to the foregoing, including but not limited to procurement of contractors and service providers, oversight of work, and recordkeeping;
Provide notices and administer the self-help process set forth in this Agreement with respect to the Additional Master Improvements; and
Otherwise carry out the purpose and intent of this Agreement with respect to the Additional Master Improvements.
SECTION 6. MAINTENANCE STANDARDS. All maintenance performed under this Agreement, whether by District #5 or by any other District electing to maintain its In-District Stormwater Facilities as authorized herein, shall be performed in accordance with (a) applicable industry standards, (b) all applicable federal, state, and local laws, rules, regulations, and ordinances, (c) all conditions and requirements set forth in the Permits and any other governmental permits, approvals, and authorizations, and (d) with respect to the Stormwater System, the terms and conditions of the City Agreement. Without limiting the foregoing: (i) the Stormwater System shall be maintained to preserve its designed hydraulic capacity and water quality function, including regular clearing of swales and channels, semi-annual removal of debris from control structures, annual inspection of all structures and appurtenances, and all permit-required sampling and reporting; (ii) the Additional Master Improvements shall be maintained in a neat, safe, and attractive condition, including regular mowing, pruning, replacement of dead or diseased plant material, and upkeep of irrigation; (iii) the Administrative District shall conduct annual inspections of the Master Improvements and retain written maintenance records for at least five (5) years, or for such other period as may be required by law, available to any District upon request; and (iv) upon identification of any material deficiency, the responsible District shall initiate corrective action within a reasonable period of time, or immediately in the case of emergency, and shall diligently pursue completion.
SECTION 7.	FUNDING;	STORMWATER	REBATES;	MAJOR	CAPITAL	EXPENDITURES.	The
Administrative District shall have the authority to invoice and collect from each District its proportionate share of the costs incurred by the Administrative District in performing its duties with respect to the Master Improvements under this Agreement, including but not limited to operation, maintenance, repair, replacement, and administrative costs. Such amounts shall be allocated to each of the Districts using an equivalent assessment unit methodology based on platted and developed lots, and as authorized under Chapter 190, Florida Statutes, and other applicable Florida law during the Districts’ normal budget cycle.
Budget Process - No later than ninety (90) days before the commencement of each fiscal year, the Administrative District shall distribute to all Districts a proposed budget for the costs to be allocated under this Agreement. Each District shall have thirty (30) days following receipt to provide written comments on the

proposed budget. The Administrative District shall consider such comments in good faith but shall retain final authority to adopt a budget that it reasonably determines is necessary to maintain the Master Improvements in compliance with applicable law, the City Agreement, and all applicable permits. The Administrative District shall provide each District with an itemized invoice or assessment statement detailing the costs being allocated and the calculation of each District's proportionate share of the Master Improvements (individually, a “Proportionate Share”, or collectively, “Proportionate Shares”). Each District shall pay its Proportionate Shares within thirty (30) days of receipt of an invoice or assessment from the Administrative District . Failure to pay within such period shall result in interest accruing at the rate of twelve percent per annum or the maximum rate permitted by Florida law, whichever is less.
Large Capital Repairs - For any single capital repair, replacement, or improvement to the Master Improvements with an estimated cost exceeding applicable bid thresholds set forth in Section 190.033, Florida Statutes, and not otherwise included in the budget process described above, the Administrative District shall provide all Districts at least forty-five (45) days' advance written notice, including a description of the proposed work, estimated cost, and proposed cost allocation. Each District shall have thirty (30) days to provide written input, which the Administrative District shall consider in good faith. The Administrative District retains final authority to proceed with work it reasonably determines is necessary to maintain regulatory compliance, satisfy applicable permit requirements, or prevent imminent harm. Routine maintenance and emergency repairs are not subject to this requirement.
Stormwater Rebates - Pursuant to the City Agreement, District #5 will continue to receive the Stormwater Rebates for the Stormwater System from the City and on behalf of the Districts, and shall use the Stormwater Rebates for the maintenance, operation, repair and replacement of the Stormwater System. Notwithstanding the foregoing, if any District elects pursuant to this Agreement to self-perform the operation, maintenance, repair, and replacement of its In-District Stormwater Facilities, District #5 shall remit to such District that District's actual costs of maintenance of the In-District Stormwater Facilities not to exceed its Proportionate Share of the Stormwater System following notification of the self-performing District’s election to self-perform maintenance of the In-District Stormwater Facilities and District #5’s receipt of the Stormwater Rebates from the City (the “System Rebate”). District #5 shall remit such System Rebate within thirty (30) days of receipt of the Stormwater Rebates from the City or notice of the self-performing District’s election, whichever is later, accompanied by documentation showing the calculation of the System Rebate.
SECTION 8.	ACCESS RIGHTS; PERMITS AND APPROVALS; TRANSFER OF MASTER IMPROVEMENTS.
Each District hereby grants to District #5, as Administrative District, a non-exclusive right of entry and access across its boundaries as reasonably necessary for District #5 to perform its maintenance, repair, replacement, and administrative obligations under this Agreement. District #5 shall provide reasonable advance notice before accessing a District's boundaries, except in cases of emergency. District #5, as the Administrative District, shall obtain and maintain in good standing all governmental permits, approvals, and authorizations applicable to the Master Improvements (collectively, "Master Improvement Permits"). Each District shall promptly notify District #5 of any permit violation, regulatory inquiry, or threatened permit revocation affecting the Master Improvements of which it becomes aware. Each District shall cooperate fully with District #5 in connection with the Master Improvement Permits, including (a) executing any documents reasonably requested by District #5 or applicable regulatory authorities, (b) providing access to its boundaries and In-District Stormwater Facilities as reasonably necessary for District #5 to fulfill its permitting obligations, (c) refraining from any action that would cause or contribute to a violation of any Master Improvement Permit, and (d) taking all actions within its authority reasonably necessary to support District #5's ability to obtain, renew, modify, or comply with any Master Improvement Permit. To the extent District #5 is required to act as agent or responsible party under any permit applicable to a District's In-District Stormwater Facilities in order to perform its obligations hereunder, each

District hereby authorizes District #5 to so act and shall cooperate fully with District #5 in connection therewith. Additionally, each district shall, upon request of the Administrative District, promptly execute and deliver any deeds, assignments, bills of sale, easements, or other instruments reasonably necessary to convey, assign, or confirm ownership in, and/or authorize the operation, maintenance, repair and/or replacement of the Master Improvements by, the Administrative District, and shall cooperate in obtaining any third-party consents or governmental approvals required in connection therewith.
SECTION 9.	DISTRICT ELECTION FOR MAINTENANCE OF IN-DISTRICT STORMWATER SYSTEM.
Notwithstanding Section 4, each District shall have the right in its sole discretion to elect, at its cost and expense, to provide for the operation, maintenance, repair, and replacement of that portion of the Stormwater System that is located within its respective boundaries (the “In-District Stormwater Facilities”), including associated appurtenances, easements, control structures, and related improvements, except as otherwise expressly provided in this Agreement. To the extent any component of the Stormwater System serves more than one District or is physically interconnected such that maintenance activities may affect flows or performance beyond a single District’s boundaries, the District performing work within its boundaries shall coordinate scheduling and methods with the affected Districts to minimize adverse impacts and maintain regulatory compliance. In the event any District elects to maintain its In-District Stormwater Facilities but fails to do so (a "Non-Compliant District") in accordance with this Agreement, the Administrative District shall have the right and obligation to conduct maintenance activities and be reimbursed for the actual and reasonable expenses incurred by the Administrative District from the Non-Compliant District. The Administrative District shall provide written notice to the Non-Compliant District at least thirty (30) days prior to commencing self-help maintenance, except in cases of emergency where immediate action is necessary to prevent imminent harm to persons or property or to maintain regulatory compliance. The Non-Compliant District shall reimburse the Administrative District within thirty (30) days of receipt of an itemized invoice with supporting documentation. If the Non-Compliant District disputes the charges, it shall notify the Administrative District in writing within fifteen (15) days of receipt of the invoice, and the parties shall meet and confer in good faith to resolve the dispute within thirty (30) days. All notices required under this Section 9 shall be provided in accordance with the procedures set forth in the Notice section of this Agreement. Any District electing to self-perform maintenance of its In-District Stormwater Facilities pursuant to this Section 9 shall provide written notice of such election to the Administrative District no later than ninety (90) days prior to the commencement of the fiscal year in which the election is to take effect. Such election shall become effective at the start of the next fiscal year following the required notice period. Mid-year elections shall not be permitted except upon the prior written consent of the Administrative District, which consent shall not be unreasonably withheld.
SECTION 10. DISPUTE RESOLUTION. This Section governs the resolution of all disputes arising under or relating to this Agreement, including disputes regarding cost allocation, invoicing, assessments, and the performance of obligations hereunder. The Administrative District retains final authority over all operational and maintenance decisions relating to the Master Improvements, provided such decisions are made in good faith and in accordance with this Agreement. This dispute process applies solely to cost allocation and invoicing disputes and shall not be construed to give any District the right to direct, delay, or interfere with maintenance operations, or to withhold payment of undisputed amounts.
A disputing District shall deliver written notice to the Administrative District within fifteen (15) days of receipt of the invoice or assessment giving rise to the dispute, describing the basis for the dispute in reasonable detail. Each District shall pay the undisputed portion of any invoice or assessment pending resolution; failure to do so shall not be excused by the pendency of a dispute. Step 1 - Meet and Confer. Within thirty (30) days of the dispute notice, the District Managers of the disputing District and the Administrative District shall meet and confer in good faith to attempt resolution. Step 2 - Board Escalation. If unresolved at the District Manager level, either

party may escalate the dispute to the respective Boards of Supervisors, who shall meet within thirty (30) days to attempt resolution in good faith. Step 3 - Expert Determination. If the dispute remains unresolved following Board escalation, either party may submit the dispute to a mutually agreed independent expert with relevant experience in community development district finance or stormwater engineering, as appropriate to the nature of the dispute (the "Expert").
If the parties cannot agree on an Expert within fifteen (15) days of a written request for expert determination, either party may request appointment of an Expert by the American Arbitration Association. The Expert shall render a written determination within forty-five (45) days of appointment. Such determination shall be final and binding on all parties and may be enforced as a judgment in any court of competent jurisdiction. Costs of the Expert shall be shared equally by the disputing parties, except that if the Expert's determination is substantially in favor of one party, the Expert may assess costs against the non-prevailing party. Expert determination shall be the exclusive remedy for cost allocation and invoicing disputes under this Agreement, and no District may initiate formal legal proceedings with respect to such disputes except to enforce an Expert determination.
SECTION 11. TERM; TERMINATION. This Agreement shall be effective as of the Effective Date and shall continue through September 30 of the fifth (5th) full fiscal year following the Effective Date (the "Initial Term"), aligned with the Community Development District fiscal year ending September 30. Following the Initial Term, this Agreement shall automatically renew for successive one (1) year terms (each October 1 through September 30), unless any District provides written notice of non-renewal to all other Districts no later than September 30 of the fiscal year immediately preceding the Renewal Term (i.e., at least one (1) full fiscal year's advance written notice). No individual District may unilaterally withdraw from or terminate this Agreement except as provided in this Section. Upon notice of non-renewal or agreement to terminate (the "Termination Date"), the following shall apply:
Transition Period. The Administrative District shall continue performing all Administrative District obligations for at least twelve (12) months following the Termination Date, at the Districts' Proportionate Shares, unless all Districts agree in writing to a shorter period and applicable regulatory authorities confirm no lapse in permit coverage will result.
Successor Administrator. No later than six (6) months prior to the Termination Date, the Districts shall designate a successor administrative entity or reallocate Administrative District responsibilities ("Successor Administrator"). Termination shall not become effective until a Successor Administrator has assumed all obligations of District #5 under the City Agreement and all Master Improvement Permits. If no Successor Administrator is designated, District #5 shall continue to serve and this Agreement shall remain in effect.
City Agreement; Permits. The City Agreement is not terminated by the termination of this Agreement, and no termination shall relieve any District of its obligations thereunder. Prior to the Termination Date, the Districts shall cooperate to transfer or novate District #5's obligations under the City Agreement to the Successor Administrator and to obtain all regulatory consents necessary to transfer the Master Improvement Permits without lapse. District #5 shall have no obligation to transfer operational responsibility for any Master Improvement until all required permit transfers are complete. Costs of permit transfers shall be allocated as Proportionate Shares.
Wind-Down and Records Transfer. Within thirty (30) days of the Termination Date, the Administrative District shall provide an inventory of all active vendor contracts related to the Master

Improvements. The Districts shall cooperate to assign, novate, or wind down such contracts no later than the conclusion of the Transition Period, with early termination costs allocated as Proportionate Shares; any dispute regarding such cost allocation shall be resolved in accordance with Section 10. All accrued payment obligations, indemnification obligations, records retention obligations, and permit cooperation obligations shall survive termination. Upon conclusion of the Transition Period, the Administrative District shall deliver to the Successor Administrator all records relating to the Master Improvements in its possession or control.
SECTION 12. RECORDING. Promptly following execution of this Agreement by all parties, District #5, as the Administrative District, shall cause this Agreement to be filed with the Clerk of the Circuit Court of St. Lucie County, Florida, in accordance with Section 163.01(11), Florida Statutes. The Administrative District shall bear the initial cost of recording, which cost shall be included as an administrative cost subject to allocation among the Districts in accordance with the Funding section of this Agreement. Each party shall cooperate and execute any additional instruments reasonably necessary to effectuate recording.
SECTION 13. INDEMNIFICATION. To the extent permitted by law, but without waiving its limitations on liability set forth in Section 768.28, Florida Statutes, each District shall indemnify, defend, save, and hold harmless the other Districts, and their elected officers, agents, servants, representatives, and employees, from and against any and all claims, demands, suits, losses, and liabilities of any nature whatsoever, including but not limited to reasonable attorney’s fees and other litigation expenses, arising out of, because of, or due to any misconduct, negligent act, error, or omission of the indemnifying District, its elected officers, agents, servants, representatives, or employees, in the performance of this Agreement. Each District shall provide written notice to the other Districts of any claim subject to indemnification within ten (10) business days of receiving notice of such claim.
SECTION 14. SOVEREIGN IMMUNITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of any District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other law. Nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
SECTION 15. GOVERNING LAW. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. All actions and disputes shall be brought in the proper court and venue, which shall be St. Lucie County, Florida.
SECTION 16. NOTICE. All notices, requests, consents and other communications under this Agreement (“Notice” or “Notices”) shall be in writing and shall be deemed given when (a) hand delivered, (b) three (3) business days after being mailed by First Class Mail, postage prepaid, or (c) one (1) business day after being sent by overnight delivery service with confirmation of delivery, to each District, as follows:

To a District:	Verano 1 CDD
c/o Governmental Management Services 5385 N. Nob Hill Road
Sunrise, Florida 33351
Attn: District Manager	
	Verano 2 CDD
c/o Governmental Management Services 5385 N. Nob Hill Road	

	Sunrise, Florida 33351
Attn: District Manager	
	Verano 3 CDD
c/o Governmental Management Services 5385 N. Nob Hill Road
Sunrise, Florida 33351
Attn: District Manager	
	Verano 4 CDD
c/o Governmental Management Services 5385 N. Nob Hill Road
Sunrise, Florida 33351
Attn: District Manager	
	Verano 5 CDD
c/o Governmental Management Services 5385 N. Nob Hill Road
Sunrise, Florida 33351
Attn: District Manager	
	Verano Center CDD
c/o Governmental Management Services 5385 N. Nob Hill Road
Sunrise, Florida 33351
Attn: District Manager	
With a copy to (for each District):	Kutak Rock LLP
107 West College Avenue Tallahassee, Florida 32301
Attn: District Counsel	

SECTION 17.  SEVERABILITY. If any word, phrase, sentence, part, section, subsection, or other provision of this Agreement, or its application to any person, entity, or circumstances is specifically held to be unconstitutional, invalid, or unenforceable for any reason by a court of competent jurisdiction, then such word, phrase, sentence, part, section, subsection, or other or the proscribed application thereof, shall be severable, and the remainder of this Agreement and the application of the provisions hereof to the other persons, entities, or circumstances shall not be affected thereby and, to that end, this Agreement shall continue to be enforced to the greatest extent possible consistent with law and the public interest including, but not limited to, the expenditure of public funds for lawful purposes.
SECTION 18. ENTIRE AGREEMENT, AMENDMENTS. This Agreement constitutes the entire agreement of the Districts with respect to the subject matter hereof. The provisions, restrictions and covenants of this Agreement shall not be modified or amended except in written instrument executed and acknowledged by duly authorized representatives of each District.
SECTION 19.  ASSIGNMENT. This Agreement may not be assigned, transferred, or conveyed by any District without prior written consent from all other Districts, except that any District may allow or require other entities to contribute to the cost of its obligations hereunder.
SECTION 20. COUNTERPARTS. This Agreement may be executed in any number of counterparts each of which, when executed and delivered, shall be an original, but all counterparts shall

together constitute one and the same instrument. This Agreement may be executed by PDF or by using an e-signature or digital transaction management platform such as DocuSign® with the same force and effect as original signatures.
[Signature pages to follow]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first above written.

WITNESS #1

VERANO CENTER COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano Center Community Development District, who is personally known
to me or has produced 	 as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

WITNESS #1

VERANO #1 COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano #1 Community Development District, who is personally known to
me or has produced	as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

WITNESS #1

VERANO #2 COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano #2 Community Development District, who is personally known to
me or has produced	as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

WITNESS #1

VERANO #3 COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano #1 Community Development District, who is personally known to
me or has produced	as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

WITNESS #1

VERANO #4 COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano #1 Community Development District, who is personally known to
me or has produced	as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

WITNESS #1

VERANO #5 COMMUNITY DEVELOPMENT DISTRICT

Name: 			
Address: 		Chair/Vice Chair, Board of Supervisors

WITNESS #2

Name: 	 Address: 	

STATE OF 		 COUNTY OF		

Sworn to (or affirmed) and subscribed before me by means of ☐ physical presence or ☐ online notarization, this     day of 	 20  , by 	, as Chair/Vice Chair of the Verano #1 Community Development District, who is personally known to
me or has produced	as identification.

Signature of Notary Public
Printed Name of Notary: 	 Commission Number: 	
(NOTARY SEAL)	Commission Expiration: 	

EXHIBIT A [TO COME]

Master Stormwater System Shared Spine Road

Verano CDD
From: Brandon Ulmer, PE Date April 22, 2026
Lake Erosion Field Report Site visit: April 13, 2026 (prior to regular CDD meeting) Attendees: Mr. Frank Duci, [Ofice Representative(s)]
Scope: Inspect and document localized lake-edge washouts and erosion-prone discharge locations; provide ﬁndings and prioritized corrective recommendations for each afected lake area. Photographs referenced: Photo A, Photo B, Photo C.

Photo A	Photo B	Photo C

Summary Several isolated but recurring lake-edge washouts were observed. Washouts exceeding a 12-inch vertical drop require immediate repair to stop further loss of bank material and to protect adjacent property and stormwater systems. The pattern indicates concentrated point-source discharges (roof drains) and sheet-ﬂow channeling from berms/open spaces are primary causes. Repairs should be completed on a lake-by-lake basis, prioritized by severity and risk to infrastructure or property.
Field Observations (by photo/location)
	Photo A: Concentrated channeling from a berm/open space into the lake. Evident scouring and exposed soil; existing vegetation patchy. Flow path directs runof to a small, vertically undermined edge.

	Photo B: Multiple shallow channels converging toward a single low point at the lake edge; sod sloughing and localized undercutting present.
	Photo C: Roof-drain discharge area with a focused scour hole at the outlet; drop-of exceeds 12". Nearby turf destabilized; minimal root reinforcement visible.
Additional patterns noted
	Roof-drain outlets between speciﬁc lots are repeatedly creating point-source, high-velocity ﬂows that erode the bank.
	Berms and open green spaces in several locations act as ﬂow concentrators, forming deﬁned rills/trenches that route runof directly to the lake.
	Vegetative cover in many areas is insuficient to prevent concentrated ﬂow erosion during moderate to heavy rain events.
Immediate actions (within 30 days)
	Repair all washouts with vertical drop >12”: place ﬁll, install separation/geotextile fabric, re-sod and stake sod in place. Install temporary silt fence downslope of repairs until sod is fully established (recommended minimum 4–6 weeks under normal growing conditions).
	Temporarily divert concentrated ﬂows away from exposed edges during repairs (sandbag checks or temporary energy dissipators at drain outlets).
Recommendations (options, with steps & expected outcomes) Option 1 — Standard reconstruction (short-term, low cost)
	Scope: Reconstruct eroded areas with compacted ﬁll, non-woven geotextile fabric, topsoil, and sod.
	Steps: Excavate unstable soil to stable subgrade; place geotextile fabric; install compacted structural ﬁll; cap with 4–6" topsoil; install sod, peg/staple sod at edges; install silt fence until full turf establishment.
	Outcome: Restores function and appearance; moderate durability if concentrated ﬂows are controlled.
Option 2 — Roof-drain outlet extension (source-control)
	Scope: Extend problematic roof-drain downspouts to the lake edge using buried PVC pipes or rigid conduit, terminating at a stabilized outlet near the lake.

	Steps: Survey and document each impacted drain; install buried PVC to discharge at lake edge; at outlet, install riprap pad or energy-dissipating stone apron (and/or geotextile underlayer) to reduce velocity; reconstruct bank as Option 1.
	Outcome: Eliminates concentrated point-source erosion upslope; reduces recurrence and frequency of repairs. Moderate cost, higher durability.
Option 3 — Sheet-ﬂow conversion with berms/level spreaders (hydrologic regrading)
	Scope: Construct small berms, level spreaders, or shallow swales to convert concentrated channel ﬂow to uniform sheet ﬂow across a vegetated bufer before reaching the lake.
	Steps: Identify ﬂow paths; install low-proﬁle earthen berms, graded transition pads, or vegetated level spreaders; revegetate with native deep-rooting grasses; construct backup stone check dams where needed; reconstruct bank as needed.
	Outcome: Reduces ﬂow velocity and erosive potential; promotes inﬁltration and sediment deposition. Best for areas with suficient bufer width; may require occasional maintenance.
Option 4 — Geotextile/engineered stabilization trial (site-speciﬁc)
	Scope: Pilot use of erosion-control products (coir rolls, engineered turf reinforcement mats (TRMs), articulated concrete mats, or biodegradable geogrids) in selected problem sites to assess feasibility and cost-efectiveness.
	Steps: Select 2–3 representative sites (varying slope, ﬂow intensity); install diferent products per manufacturer specs; monitor for one full wet season; document performance, establishment times, and maintenance needs.
	Outcome: Provides data to guide product selection for long-term stabilization at similar sites; may reduce long-term maintenance if successful.
Prioritization & implementation plan
	Priority 1 (Immediate): All locations with >12" vertical washout (stabilize now). Photo C and similar drains.
	Priority 2 (Short-term, 1–3 months): Locations with active channel formation from berms/open spaces (Photos A & B). Implement Options 1 + 2 or Option 3 depending on site constraints.

	Priority 3 (3–12 months): Trial and evaluate geotextile/engineered solutions (Option 4) on representative sites; incorporate ﬁndings into larger rehabilitation plans.
Materials & typical speciﬁcations
	Geotextile: Non-woven, puncture-resistant separation fabric (minimum 6 oz/yd2 or manufacturer equivalent).
	Sod/topsoil: 4–6" screened topsoil cap; sod installed immediately and pegged/staked at seams and edges.
	Fill: Compacted structural ﬁll to stable subgrade; avoid uncompacted organic matter.
	Outlet stabilization: 6–12" diameter PVC for drain extensions; riprap (graded stone apron) sized per expected ﬂow energy; stone underlain with geotextile.
	Temporary controls: Silt fence (staked), sediment logs or wattles, sandbags for temporary diversion.
	Vegetation: Native, deep-rooted grasses and lake-appropriate emergent planting in toe zones where feasible.

Estimated maintenance & monitoring
	Inspect repaired sites after each signiﬁcant storm for 30–60 days; then monthly for ﬁrst year.
Replace/repair any silt fence or sod failures within 7 days of discovery.
Re-seed or re-sod thin areas in ﬁrst growing season.
	Evaluate roof-drain extensions annually and after major storms; clear any blockages.
Cost considerations (order-of-magnitude)
	Option 1: Low-to-moderate unit cost per site (materials + labor for ﬁll, fabric, sod, silt fence).
	Option 2: Moderate cost (pipe installation + outlet stabilization) but reduces recurring repair frequency.
Option 3: Moderate cost (earthworks + revegetation), depends on volume of grading.

	Option 4: Variable—initial pilot costs higher per linear foot, but potential long-term savings if products perform well. (Provide contractor quotes for accurate budgeting.)
Safety & regulatory notes
	Work within the lake bufer may require permitting (city/county or state environmental agencies). Conﬁrm jurisdictional requirements and wetland permits prior to in-water work.
	Minimize turbidity during construction; use silt barriers and schedule work during low-ﬂow periods where possible.
	Ensure safe access for equipment and protect adjacent private property and utilities.
Recommended next steps
Prioritize immediate repairs for all >12" washouts (contractor mobilization recommended within 14 days).
Inventory and map all roof-drain discharge locations and high-risk berm/channel paths; produce a site-speciﬁc plan for each lake.
Select approach per site: Option 2 where concentrated drains exist; Option 3 where regrading/level spreaders are practical; Option 1 for standard reconstruction; pilot Option 4 in 2–3 varied locations.
Obtain necessary permits and solicit competitive contractor estimates for prioritized repairs and drainage modiﬁcations.
Implement repairs and establish a monitoring schedule for the ﬁrst 12 months; record outcomes to inform future, larger-scale projects.

Suggested Repair methods for First Priority Items:
Project: Immediate stabilization of lake-edge washouts (>12" vertical drop) Site visit: April 13, 2026 Mobilization window: Within 14 days of award
Repair Scope (work to be completed at each identiﬁed washout)
Site preparation
	Flag limits of work and protect adjacent property, turf, utilities. Install temporary construction entrance if required.
	Install turbidity/silt controls downslope of work area (staked silt fence and/or sediment logs) prior to any excavation.
Remove unstable material
	Excavate and remove undermined/loose soil to stable subgrade. Do not leave organic material in ﬁll zone.
Stabilize subgrade
	Compact subgrade to ﬁrm condition. Place non-woven geotextile fabric over prepared subgrade (overlap seams 12–18").
Fill and grade
	Place structural ﬁll (clean ﬁll/engineer-approved topsoil blend) in lifts, compacting to 90% Standard Proctor or as directed. Grade to match existing contour and provide a 2:1 or ﬂatter slope where feasible.
Toe and outlet stabilization (if drain outlet present)
	Install a 6–12" riprap stone apron over geotextile at drain outlets or high-energy discharge locations. Provide energy-dissipating pad per detail.
Surface ﬁnish and revegetation
	Cap with 4–6" screened topsoil. Install sod (sod species to match existing lawn) immediately; stagger seams and ﬁrmly stake/peg sod edges and seams using landscape staples at 2–3' spacing. Water and initial maintenance per manufacturer/supplier guidance.
Temporary erosion controls and establishment

	Install temporary silt fence downslope of the repaired area and maintain until full turf establishment (min. 4–6 weeks). Remove when vegetation is stable.
	Re-seed any non-sodded areas with certiﬁed erosion-control seed mix and apply mulch tackiﬁer as needed.
Inspection and closeout
	Inspect and repair after the ﬁrst signiﬁcant storm event and again at 30 and 60 days. Provide as-built photos and a brief completion report.
Materials List (per repair site—adjust quantities to site dimensions)
Silt fence (staked): as required (linear ft)
Sediment logs / wattles: as required (linear ft)
Non-woven geotextile fabric: minimum 6 oz/yd2 (rolls; allow for 12–18" overlaps)
	Structural ﬁll / compactable topsoil: quantity per site (cu. yds.; estimate based on excavation volume)
Screened topsoil (4–6" cap): quantity per site (cu. yds.)
Sod (matched species): square yards (allow 5–10% extra for waste)
	Landscape staples/pegs: 6" heavy-duty, qty per sod installation (approx. 1 per 2–3 ft)
	Riprap stone (for outlet pads): graded stone, typical apron 3–6 sq. yd.; size and quantity per hydraulic conditions (conﬁrm on site)
	6–12" PVC pipe (only if minor outlet extensions required): linear ft and ﬁttings as needed (optional, per direction)
Straw mulch or erosion-control blanket (for seeded areas): as required (sq. ft.)
Water for initial irrigation (contractor to provide)
Safety and trafic control items (cones, signage, temporary fencing): as required Typical Performance / Speciﬁcation Notes
	Geotextile: non-woven, puncture-resistant; manufacturer recommended for underlayment beneath stone and ﬁll.

	Compaction: minimum 90% Standard Proctor for structural ﬁll; document compaction testing if requested.
	Sod installation: immediately lay sod on prepared soil, tamp/roll to remove air pockets, staple/peg edges.
	Outlet riprap: size and thickness selected to dissipate expected ﬂow energy; underlay with geotextile.
Schedule & Inspection
	Typical duration per small repair: 1–2 days (site prep, ﬁll, sod). Allow curing/establishment monitoring for 4–6 weeks.
	Contractor to notify owner/rep 48 hours prior to mobilization and to schedule post-storm inspections.
Safety & Cleanup
	Maintain best management practices to control turbidity and sediment. Remove all excess material and temporary control measures upon stabilization.
Proposal requirements
	Provide line-item pricing: mobilization, erosion control, excavation & disposal, geotextile, ﬁll/topsoil (cu. yd.), sod (sq. yd.), riprap apron, labor, equipment, permit fees (if any), and warranty terms (minimum 12 months recommended).
Include earliest start date and expected completion per repair location.
Provide references for similar lake-edge stabilization work.

2207 SW 37th Avenue	
Okeechobee, FL 34974	
863-484-0534	
Proposal	
Submitted 4/15/2026	

Verano CDD 5	
Verano at PGA Village	
Port St. Lucie, FL	

Verano Pkwy Freeze Damage - Groundcovers

Description	
Qty	
Unit price	
Total price	
Green Island (swap for Ilex)	3,872	$12.50	$48,400.00	
Clusia Nana	3,885	$12.50	$48,562.50	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	

Notes:	Subtotal	$96,962.50	

2207 SW 37th Avenue	
Okeechobee, FL 34974	
863-484-0534	
Proposal	
Submitted 4/15/2026	

Verano CDD 5	
Verano at PGA Village	
Port St. Lucie, FL	

Verano Pkwy Freeze Damage

Description	
Qty	
Unit price	
Total price	
Firebush	1,825	$12.50	$22,812.50	
Cocoplum	4,542	$12.50	$56,775.00	
Clusia	338	$12.50	$4,225.00	
Viburnum	380	$12.50	$4,750.00	
Podocarpus	120	$12.50	$1,500.00	
Trinette	504	$12.50	$6,300.00	
Panama Rose	1,530	$12.50	$19,125.00	
Croton	200	$12.50	$2,500.00	
Japanese Blueberry	8	$625.00	$5,000.00	
Ligustrum	2	$425.00	$850.00	
Fakahatchee Grass	96	$12.50	$1,200.00	
Dwarf Podocarpus	70	$12.50	$875.00	
Saw Palmetto	30	$75.00	$2,250.00	
Sandcord Grass	70	$12.50	$875.00	
Carissa	161	$12.50	$2,012.50	
Silver Buttonwood	120	$12.50	$1,500.00	
Royal Palm	1	$7,875.00	$7,875.00	
Mulch	1	$22,680.00	$22,680.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	
			$0.00	

Notes:	Subtotal	$163,105.00	

Per Florida Statute 190.006(3)(a)2.d., the number of registered voters in the Community Development District(s), based on the previous mapping forwarded by your organization, is provided below as of April 15, 2026.

CDD NAME	REGISTERED VOTERS	
Bent Creek	480	
Copper Creek	1,056	
Creekside	420	
Portofino Isles	1,300	
Portofino Landings	213	
Portofino Shores	788	
Reserve	1,275	
Veranda Landing	184	
River Place	736	
Tesoro	446	
Verano 1	1,454	
Verano 2	2,445	
Verano 3	1,376	
Verano 4	218	
Verano 5	0	
Verano Center	12	
Waterstone	836	

Verano #5	
COMMUNITY DEVELOPMENT DISTRICT	

Check Register

Date

check #'s

Amount

10/1 - 10/31/25	1013-1026	$102,824.66	

11/1 - 11/30/25	1027-1038	$81,236.06	

12/1 - 12/31/25	1039-1074	$5,013,785.42	

01/1 - 01/31/26	1075-1110	$409,888.94	

02/1 - 02/28/26	1111-1135	$306,231.16	

03/1 - 03/31/26	1136-1159	$929,625.96	

TOTAL CHECKS	$6,843,592.20	

Date

ACH

Amount

10/1 - 10/31/25	80004-80005	$3,293.45	

11/1 - 11/30/25	80006	$3,293.45	

12/1 - 12/31/25	80007-80008	$3,293.45	

01/1 - 01/31/26	80009	$3,347.38	

02/1 - 02/28/26	80010	$3,425.44	

03/1 - 03/31/26	80011-80012	$3,424.86	

TOTAL ACH	$20,078.03	

TOTAL	$6,863,670.23	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	1
*** CHECK DATES 10/01/2025 - 10/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/01/25 00010	9/28/25 30359	202510 310-51300-45000	*	3,032.00
FY26 GENERAL LIABILITY
9/28/25 30359	202510 310-51300-45000	*	2,480.00
FY26 PUBLIC OFFICIALS
EGIS INSURANCE ADVISORS, LLC	5,512.00 001013
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/01/25 00007	9/01/25 11104	202509 320-53800-46200	*	1,250.00
SEP 25-CP/G2/V3 LAWN MNT
FLORIDA EXOTIC LANDSCAPING	1,250.00 001014
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/01/25 00025 10/01/25 5CDD1001 202510 320-53800-34000	*	2,000.00 OCT 25 - MGMT FEE
LANG MANAGEMENT COMPANY, INC	2,000.00 001015
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/01/25 00033	9/01/25 198328	202509 320-53800-46302	*	1,473.00
SEP 25- LAKE MAINT
9/01/25 198328	202509 320-53800-46302	V	1,473.00-SEP 25- LAKE MAINT
SOLITUDE LAKE MANAGEMENT, LLC	.00 001016
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/06/25 00040	9/30/25 7353206	202509 310-51300-48000	*	113.72
NOTICE OF MEETINGS FY26
9/30/25 7353206	202509 310-51300-48000	*	113.72
NOTICE OF MEETINGS FY26
9/30/25 7353206	202509 310-51300-48000	*	111.76
V2 NOTICE OF MEETING
9/30/25 7353206	202509 310-51300-48000	*	121.56
VERANO 4 & 5 MEETINGS
GANNETT FLORIDA LOCALIQ	460.76 001017

10/06/25 00001	9/15/25	
	10/01/25	
	10/01/25	
	10/01/25	
	10/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
241	202510 310-51300-31600	*	15,000.00
ASSESSMENT ROLL CERT FY26
242	202510 310-51300-34000	*	12,500.00
OCT 25 - MANAGEMENT FEES
242	202510 310-51300-31400	*	416.67
OCT 25 - DISSEMINATION
242	202510 310-51300-35100	*	68.92
OCT 25 - WEBSITE ADMIN
242	202510 310-51300-42000	*	25.90
OCT 25 - POSTAGE
GMS - SO FLORIDA, LLC	28,011.49 001018
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/25 00053 10/06/25 3638479	202508 310-51300-31500	*	249.00
V CENTER GEN COUNSEL 8/25
10/06/25 3638480	202508 310-51300-31500	*	1,091.00
V#2 GEN COUNSEL 8/2025
MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	2
*** CHECK DATES 10/01/2025 - 10/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/06/25 3638482	202508 310-51300-31500	*	1,335.00
V#3 GEN COUNSEL 8/2025
10/06/25 3638483	202508 310-51300-31500	*	435.00
V#4 GEN COUNSEL 8/2025
10/06/25 3638485	202508 310-51300-31500	*	249.00
V#5 GEN COUNSEL 8/21/25
KUTAK ROCK LLP	3,359.00 001019
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/25 00052	9/02/25 1259	202508 320-53800-46204	*	4,535.00
AUG 25- LAKE BANK MAINT
10/14/25 1284	202509 320-53800-46204	*	4,535.00
SEP 25- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	9,070.00 001020
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00002 10/01/25 92949	202510 310-51300-54000	*	175.00
SPECIAL DISTRICT FEE FY26
FLORIDACOMMERCE	175.00 001021
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00007 10/01/25 11136	202510 320-53800-46203	*	2,880.00
OCT 25 - LAKE BANK MOWING
10/01/25 11147	202510 320-53800-46200	*	1,250.00
OCT 25-CP/G2/V3 LAWN MNT
10/01/25 11148	202510 320-53800-46200	*	1,800.00
OCT 25-CP/G2/V5 LAWN MNT
FLORIDA EXOTIC LANDSCAPING	5,930.00 001022

10/27/25 00053	10/23/25	
	10/23/25	
	10/23/25	
	10/23/25	
	10/23/25	
	10/23/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3642215	202509 310-51300-31500	*	248.00
V CENTER LEGAL SV 9/30/25
3642229	202509 310-51300-31500	*	746.00
V#2 LEGAL SV 9/30/25
3642230	202509 310-51300-31500	*	2,452.00
V#3 LEGAL SV 9/30/25
3642231	202509 310-51300-31500	*	582.00
V#4 LEGAL SV 9/30/25
3642232	202509 310-51300-31500	*	204.00
V#5 LEGAL SV 9/30/25
3642233	202509 310-51300-31500	*	875.45
V#1 LEGAL SV 9/30/25
KUTAK ROCK LLP	5,107.45 001023
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00033 10/01/25 PSI20610 202510 320-53800-46302	*	1,473.00 OCT 25 - LAKE MAINTENANCE
10/01/25 PSI20611 202510 320-53800-46301	*	3,696.16 OCT 25 - LAKE MAINTENANCE
10/01/25 PSI20611 202510 320-53800-46302	*	5,527.00 OCT 25 - LAKE MAINTENANCE
MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	3
*** CHECK DATES 10/01/2025 - 10/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	10/23/25 PSI21313 202510 320-53800-46303		*					3,385.00		
	OCT 25 - LAKE MAINTENANCE
SOLITUDE LAKE MANAGEMENT, LLC								14,081.16	001024	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
10/27/25 00042	10/01/25 108954	202510 320-53800-46304		*					3,170.00			
	OCT 25 - LAKE MAINTENANCE										
	SUPERIOR WATERWAY SERVICES. INC								3,170.00	001025	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
10/27/25 00006	10/01/25 172445	202510 320-53800-46202		*					1,200.00			
	OCT 25 S C24 CANAL MOWING										
	10/01/25 172447	202510 320-53800-46201		*					1,200.00			
	OCT 25 N C24 CANAL MOWING										
	10/01/25 172451	202510 320-53800-46200		*					10,462.00			
	OCT 25- LANDSCAPE MAINT										
	10/01/25 172454	202510 320-53800-46201		*					5,131.00			
	OCT 25-N LAKES LANDSC										
	10/01/25 172456	202510 320-53800-46202		*					6,097.00			
	OCT25 S.LAKES LNDSC MAINT										
	10/24/25 176916	202509 320-53800-46250		*					607.80			
	STATION 61/4/20 ELECT REP										
	UNITED LAND SERVICES								24,697.80	001026	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	-	- -	-	-	-	-	- - - - - -
102,824.66	- - - - -	- - -	

MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	4
*** CHECK DATES 10/01/2025 - 10/31/2025 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
10/06/25 00045	9/30/25 01212-42 202509 320-53800-43000
FPL AUTO PAY			*		2,734.84	
2,734.84 080004	
- - - - - - - - 10/13/25 00045	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/10/25 60220-00 202509 320-53800-43000
FPL AUTO PAY	- - -	- - - - -	- - - -
*	- - - - -	- - - - -	- - - - - - - -

558.61 080005	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - -	- - - - -	- - - - - - - -	

BANK Z VERANO #5 CDD AUTOPY

SW VER PKWY 8/29-9/30/25

SL LET 9/10-9/10/25

558.61

TOTAL FOR BANK Z		3,293.45 TOTAL FOR REGISTER	106,118.11

MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	1
*** CHECK DATES 11/01/2025 - 11/30/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/05/25 00047 10/31/25 1648	202510 310-51300-31400	*	5,000.00
ANNUAL SUBSCRIPTION
DISCLOSURE TECHNOLOGY SERVICES, LLC	5,000.00 001027
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/05/25 00040 10/31/25 7405281	202510 310-51300-48000	*	278.36
RQST QUAL ENGINEERING SVC
10/31/25 7405281	202510 310-51300-48000	*	158.80
SPECIAL MEETING
GANNETT FLORIDA LOCALIQ	437.16 001028

11/05/25 00001	11/01/25	
	11/01/25	
	11/01/25	
	11/01/25	
	11/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
244	202511 310-51300-34000	*	12,500.00
NOV 25 - MANAGEMENT FEES
244	202511 310-51300-31400	*	416.67
NOV 25 - DISSEMINATION
244	202511 310-51300-35100	*	68.92
NOV 25 - WEBSITE ADMIN
244	202511 310-51300-42000	*	45.43
NOV 25 - POSTAGE
244	202511 310-51300-42500	*	1.80
NOV 25 - COPIES
GMS - SO FLORIDA, LLC	13,032.82 001029
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/05/25 00025 11/01/25 5CDD1101 202511 320-53800-34000	*	2,000.00 NOV 25 - MGMT FEE
LANG MANAGEMENT COMPANY, INC	2,000.00 001030
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/05/25 00015 10/27/25 25356953 202510 320-53800-46801	*	1,852.70
QRT WATER ANALYSIS
PACE ANALYTICAL SERVICES, LLC	1,852.70 001031
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00043 10/30/25 2025-OCT 202510 320-53800-46204	*	3,281.88 OCT 25 - MOWING
11/30/25 2025-NOV 202511 320-53800-46204	*	3,281.88 NOV 25 - MOWING
ASTOR CREEK GOLF & COUNTRY CLUB	6,563.76 001032
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00007 11/01/25 11282	202511 320-53800-46203	*	2,880.00
NOV 25 - LAKE BANK MOWING
11/01/25 11303	202511 320-53800-46200	*	1,250.00
NOV 25-CP/G2/V3 LAWN MNT
11/01/25 11304	202511 320-53800-46200	*	1,800.00
NOV 25-CP/G2/V5 LAWN MNT
FLORIDA EXOTIC LANDSCAPING	5,930.00 001033
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00045 11/14/25 95926-67 202511 320-53800-43000	*	20.46
ENTRY GATE FINAL BILL
FPL AUTO PAY	20.46 001034
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	2
*** CHECK DATES 11/01/2025 - 11/30/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/21/25 00033 11/01/25 PSI21370 202511 320-53800-46302	*	5,527.00 NOV 25 - LAKE MAINTENANCE
11/02/25 PSI21801 202511 320-53800-46303	*	3,385.00 NOV 25 - LAKE MAINTENANCE
11/02/25 PSI21887 202511 320-53800-46301	*	3,696.16 NOV 25 - LAKE MAINTENANCE
11/02/25 PSI21889 202511 320-53800-46302	*	1,473.00 NOV 25 - LAKE MAINTENANCE
SOLITUDE LAKE MANAGEMENT, LLC	14,081.16 001035
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00052 11/03/25 1295	202511 320-53800-46204	*	4,535.00
OCT 25- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	4,535.00 001036
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00042 11/01/25 109532	202511 320-53800-46304	*	3,170.00

SUPERIOR	WATERWAY SERVICES. INC	3,170.00	001037	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - -	- - - - - - - - - - - -	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
11/21/25 00006 10/24/25 176934	202510 320-53800-46250	*	523.00	
OCT 25 - IRRIGATION REP	
11/01/25 177515	202511 320-53800-46200	*	10,462.00	
NOV 25-	LANDSCAPE MAINT	
11/01/25 177518	202511 320-53800-46201	*	5,131.00	
NOV 25-N LAKES LANDSC	
11/01/25 177521	202511 320-53800-46202	*	6,097.00	
NOV25 S.LAKES LNDSC MAINT	
11/07/25	179420	202511 320-53800-46202	*	1,200.00	
NOV 25 S C24 CANAL MOWING	
11/07/25	179421	202511 320-53800-46201	*	1,200.00	

NOV 25 - LAKE MAINTENANCE

NOV 25 N C24 CANAL MOWING
UNITED LAND SERVICES	24,613.00 001038
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	81,236.06

MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 12/05/25	PAGE	3
*** CHECK DATES 11/01/2025 - 11/30/2025 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME	STATUS	AMOUNT	....CHECK..... AMOUNT	#	
11/21/25 00045	10/31/25 01212420 202510 320-53800-43000
11/10/25 60220-00 202510 320-53800-43000		*
*	2,734.84
558.61		
	SL LED 10/10-11/10/25
FPL AUTO PAY				3,293.45 080006	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - - - - - - - - -	- - - - - -	- - - - - - - -	
		TOTAL FOR	BANK Z	3,293.45		
		TOTAL FOR	REGISTER	84,529.51		

BANK Z VERANO #5 CDD AUTOPY

SW VERAN PKWY 9/30-10/31

MR5	--VERANO #5--	TCESSNA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	1
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

12/04/25 00001	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	

245	202512 310-51300-34000	*	12,500.00
DEC 25 - MANAGEMENT FEES
245	202512 310-51300-31400	*	416.67
DEC 25 - DISSEMINATION
245	202512 310-51300-35100	*	68.92
DEC 25 - WEBSITE ADMIN
245	202512 310-51300-42000	*	150.37
DEC 25 - POSTAGE
245	202512 310-51300-42500	*	1.05
DEC 25 - COPIES
GMS - SO FLORIDA, LLC	13,137.01 001039
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/04/25 00053 11/25/25 3658462	202510 310-51300-31500	*	455.50
V CNTR GEN COUNSEL 10/30
11/25/25 3658482	202510 310-51300-31500	*	587.50
V#1 LEGAL SV 10/30/25
11/25/25 3658485	202510 310-51300-31500	*	1,227.94
V#2 LEGAL SV 10/30/25
11/25/25 3658487	202510 310-51300-31500	*	2,655.50
V#3 LEGAL SV 10/30/25
11/25/25 3658493	202510 310-51300-31500	*	1,499.50
V#5 LEGAL SV 10/30/25
KUTAK ROCK LLP	6,425.94 001040
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/04/25 00025 12/01/25 5CDD1201 202512 320-53800-34000	*	2,000.00 DEC 25 - MGMT FEE
LANG MANAGEMENT COMPANY, INC	2,000.00 001041
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00004 12/09/25 12092025 202512 300-20700-10200	*	398,288.34
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2015	398,288.34 001042
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00005 12/09/25 12092025 202512 300-20700-10300	*	435,005.66
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2017	435,005.66 001043
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00008 12/09/25 12092025 202512 300-20700-10400	*	174,363.17
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD C	174,363.17 001044
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00009 12/09/25 12092025 202512 300-20700-10700	*	187,895.25
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD E	187,895.25 001045
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00021 12/09/25 12092025 202512 300-20700-10400	*	298,276.01
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD A	298,276.01 001046
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	2
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/09/25 00022 12/09/25 12092025 202512 300-20700-10400	*	222,611.49
TXFER TAX COLLECTIONS

-	-	-	-	-	-	-	-	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

VERANO # 2 SER 17 POD B	222,611.49 001047
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00023 12/09/25 12092025 202512 300-20700-10700	*	168,710.19
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD C	168,710.19 001048
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00029 12/09/25 12092025 202512 300-20700-10700	*	238,485.23
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD D	238,485.23 001049
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00034 12/09/25 12092025 202512 300-20700-10500	*	434,083.36
TXFER TAX COLLECTIONS
VERANO # 3 SER 21 POD G	434,083.36 001050
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00037 12/09/25 12092025 202512 300-20700-10900	*	373,623.88
TXFER TAX COLLECTIONS
VERANO # 3 SER 22 POD G	373,623.88 001051
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00038 12/09/25 12092025 202512 300-15100-10000	*	350,000.00
TXFER EXCESS FUNDS TO SBA
VERANO # 5 CDD	350,000.00 001052
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00046 12/09/25 12092025 202512 300-20700-10600	*	269,003.92
TXFER TAX COLLECTIONS
VERANO # 4 SERIES 2023	269,003.92 001053
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00050 12/09/25 12092025 202512 300-20700-11000	*	296,016.41
TXFER TAX COLLECTIONS
VERANO # 4 SERIES 2025	296,016.41 001054
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/09/25 00051 12/09/25 12092025 202512 300-20700-10800	*	576,984.23
TXFER TAX COLLECTIONS
VERANO # 2 SERIES 2024	576,984.23 001055
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
12/16/25 00007 12/01/25 11420	202512 320-53800-46203	*	2,880.00
DEC 25 - LAKE BANK MOWING
12/01/25 11437	202512 320-53800-46200	*	1,800.00
DEC 25-CP/G2/V5 LAWN MNT
12/01/25 11438	202512 320-53800-46200	*	1,250.00
DEC 25-CP/G2/V3 LAWN MNT
FLORIDA EXOTIC LANDSCAPING	5,930.00 001056
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00018 12/01/25 28358	202512 310-51300-32200	*	4,600.00
AUDIT FYE 9/30/2025
GRAU AND ASSOCIATES	4,600.00 001057
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	3
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/16/25 00055 12/01/25 15320	202512 320-53800-46201	*	5,131.00
DEC 25 - V#1 N LAKE MAINT
12/01/25 15321	202512 320-53800-46200	*	10,740.00
DEC 25- V.PKWY MOWING SVC
12/02/25 15324	202512 320-53800-46202	*	6,097.00
DEC 25- V2 S.LAKE BNK MOW
PHL LAND CARE INC	21,968.00 001058
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00033 12/01/25 PSI22494 202512 320-53800-46303	*	3,385.00 DEC 25 - LAKE MAINTENANCE
12/01/25 PSI22579 202512 320-53800-46301	*	3,696.16 DEC 25 - LAKE MAINTENANCE
12/01/25 PSI22581 202512 320-53800-46302	*	1,473.00 DEC 25 - LAKE MAINTENANCE
12/01/25 PSI22581 202512 320-53800-46302	*	5,527.00 DEC 25 - LAKE MAINTENANCE
SOLITUDE LAKE MANAGEMENT, LLC	14,081.16 001059
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00052 12/05/25 1320	202511 320-53800-46204	*	4,535.00
NOV 25- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	4,535.00 001060
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00042 12/01/25 110312	202512 320-53800-46304	*	3,170.00
DEC 25 - LAKE MAINTENANCE
SUPERIOR WATERWAY SERVICES. INC	3,170.00 001061
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 00004 12/16/25 12162025 202512 300-20700-10200	*	46,932.76
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2015	46,932.76 001062
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 00005 12/16/25 12162025 202512 300-20700-10300	*	72,220.96
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2017	72,220.96 001063
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 00008 12/16/25 12162025 202512 300-20700-10400	*	19,114.58
TXFER TAX COLLECTIOSN
VERANO # 2 SER 17 POD C	19,114.58 001064
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 00009 12/16/25 12162025 202512 300-20700-10700	*	17,615.20
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD E	17,615.20 001065
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 00021 12/16/25 12162025 202512 300-20700-10400	*	32,698.53
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD A	32,698.53 001066
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	4
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		STATUS		AMOUNT	....CHECK.....
AMOUNT	#	
12/17/25 00022	12/16/25 12162025 202512 300-20700-10400		*		24,403.80	

- - - - - - - -	TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD B
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	
- - - - -	
- - - -	
- - - -	24,403.80 001067
- - - - - - - - - - - - - -	
12/17/25 00023	12/16/25 12162025 202512 300-20700-10700
VERANO # 2 SER 20 POD C		*		15,816.60
15,816.60 001068	
- - - - - - - - 12/17/25 00029

- - - - - - - - 12/17/25 00034

- - - - - - - - 12/17/25 00037

- - - - - - - - 12/17/25 00046

- - - - - - - - 12/17/25 00051

- - - - - - - - 12/17/25 00038	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 12162025 202512 300-20700-10700
VERANO # 2 SER 20 POD D
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 12162025 202512 300-20700-10500
VERANO # 3 SER 21 POD G
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 12162025 202512 300-20700-10900
VERANO # 3 SER 22 POD G
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 12162025 202512 300-20700-10600
VERANO # 4 SERIES 2023
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 12162025 202512 300-20700-10800
VERANO # 2 SERIES 2024
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/17/25 12172025 202512 300-15100-10000	- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -	- - - -
*

- - - -
*

- - - -
*

- - - -
*

- - - -
*

- - - -
*	- - - -

- - - -

- - - -

- - - -

- - - -

- - - -	- - - - - - - - - - - - - -
22,358.01
22,358.01 001069
- - - - - - - - - - - - - -
17,336.85
17,336.85 001070
- - - - - - - - - - - - - -
22,051.12
22,051.12 001071
- - - - - - - - - - - - - -
24,237.40
24,237.40 001072
- - - - - - - - - - - - - -
49,805.36
49,805.36 001073
- - - - - - - - - - - - - -
150,000.00	
- - - - - - - -	VERANO # 5 CDD
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - -	- - - -	150,000.00 001074
- - - - - - - - - - - - - -	

BANK A VERANO #5 CDD

TXFER TAX COLLECTIONS

TXFER TAX COLLECTIONS

TXFER TAX COLLECTIONS

TXFER TAX COLLECTIONS

TXFER TAX COLLECTIONS

TXFER TAX COLLECTIONS

TXFER EXCESS FUNDS TO SBA

TOTAL FOR BANK A	5,013,785.42

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	5
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
12/09/25 00045	11/29/25 01212-42 202511 320-53800-43000
FPL AUTO PAY			*		2,734.84	
2,734.84 080007	
- - - - - - - - 12/09/25 00045	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 60220-00 202511 320-53800-43000
FPL AUTO PAY	- - -	- - - - -	- - - -
*	- - - - -	- - - - -	- - - - - - - -

558.61 080008	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - -	- - - - -	- - - - - - - -	

BANK Z VERANO #5 CDD AUTOPY

SW VERAN PKWY 10/31-11/29

SL LED 11/10-12/09/25

558.61

TOTAL FOR BANK Z		3,293.45 TOTAL FOR REGISTER	5,017,078.87

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	1
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/05/26 00040 12/31/25 7503766	202512 310-51300-48000	*	145.08
NOTICE OF RULEMAKING
12/31/25 7503766	202512 310-51300-48000	*	68.64
NOTICE OF RULE DEVELOPMNT
12/31/25 7503766	202512 310-51300-48000	*	70.60
NOTICE OF RULE DEVELOPMNT
12/31/25 7503766	202512 310-51300-48000	*	143.08
NOTICE OF RULEMAKING
GANNETT FLORIDA LOCALIQ	427.40 001075

1/05/26 00001	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
246	202601 310-51300-34000	*	12,500.00
JAN 26 - MANAGEMENT FEES
246	202601 310-51300-31400	*	416.67
JAN 26 - DISSEMINATION
246	202601 310-51300-35100	*	68.92
JAN 26 - WEBSITE ADMIN
246	202601 310-51300-51000	*	.45
JAN 26 - OFFICE SUPPLIES
246	202601 310-51300-42000	*	93.30
JAN 26 - POSTAGE
246	202601 310-51300-42500	*	.90
JAN 26 - COPIES
GMS - SO FLORIDA, LLC	13,080.24 001076
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

LANG	MANAGEMENT COMPANY,	INC	2,000.00	001077	
- - - - - - - -	- - - - - - -	- -	- - - - - - - - - - - -	- - - - - - - - - -	- -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
1/05/26 00055	1/04/25	15447
JAN 26	202601 320-53800-46201	*	5,131.00	
1/04/25	15448	202601 320-53800-46202	*	6,097.00	
JAN	26-	V2 S.LAKE BNK MOW	
1/04/25	15449	202601 320-53800-46200	*	10,740.00	
JAN	26-	V.PKWY MOWING SVC	
PHL	LAND CARE INC	21,968.00	001078	
- - - - - - - -	- - - - - - -	- -	- - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
1/05/26 00054	12/29/25	2128	202512 320-53800-46202	*	1,250.00	
C-24 CANAL SOUTHSIDE	
12/29/25	2129	202512 320-53800-46201	*	1,250.00	

1/05/26 00025	1/01/26 5CDD0101 202601 320-53800-34000	*	2,000.00 JAN 26 - MGMT FEE

- V#1 N LAKE MAINT

C-24 CANAL NORTHSIDE

TOLER ENTERPRISES, INC	2,500.00 001079

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/26 00004	1/06/26 01062026 202601 300-20700-10200	*	18,045.03
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2015	18,045.03 001080
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	2
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/06/26 00005	1/06/26 01062026 202601 300-20700-10300	*	26,811.37
TXFER TAX COLLECTIONS

-	-	-	-	-	-	-	-	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

VERANO # 1 SERIES 2017	26,811.37 001081
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00008	1/06/26 01062026 202601 300-20700-10400	*	3,556.17
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD C	3,556.17 001082
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00009	1/06/26 01062026 202601 300-20700-10700	*	7,485.29
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD E	7,485.29 001083
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00021	1/06/26 01062026 202601 300-20700-10400	*	6,083.40
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD A	6,083.40 001084
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00022	1/06/26 01062026 202601 300-20700-10400	*	4,540.21
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD B	4,540.21 001085
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00023	1/06/26 01062026 202601 300-20700-10700	*	6,721.01
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD C	6,721.01 001086
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00029	1/06/26 01062026 202601 300-20700-10700	*	9,500.68
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD D	9,500.68 001087
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00034	1/06/26 01062026 202601 300-20700-10500	*	4,418.76
TXFER TAX COLLECTIONS
VERANO # 3 SER 21 POD G	4,418.76 001088
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00037	1/06/26 01062026 202601 300-20700-10900	*	134,716.71
TXFER TAX COLLECTIONS
VERANO # 3 SER 22 POD G	134,716.71 001089
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00046	1/06/26 01062026 202601 300-20700-10600	*	4,094.67
TXFER TAX COLLECTIONS
VERANO # 4 SERIES 2023	4,094.67 001090
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/06/26 00051	1/06/26 01062026 202601 300-20700-10800	*	12,965.59
TXFER TAX COLLECTIONS
VERANO # 2 SERIES 2024	12,965.59 001091
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00004	1/16/26 01162026 202601 300-20700-10200	*	14,923.27
TRANSFER TAX RECEIPTS
VERANO # 1 SERIES 2015	14,923.27 001092
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	3
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/16/26 00005	1/16/26 01162026 202601 300-20700-10300	*	17,706.60
TRANSFER TAX RECEIPTS

-	-	-	-	-	-	-	-	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

VERANO # 1 SERIES 2017	17,706.60 001093
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00008	1/16/26 01162026 202601 300-20700-10400	*	4,292.42
TRANSFER TAX RECEIPTS
VERANO # 2 SER 17 POD C	4,292.42 001094
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00009	1/16/26 01162026 202601 300-20700-10700	*	5,600.44
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD E	5,600.44 001095
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00021	1/16/26 01162026 202601 300-20700-10400	*	7,342.87
TRANSFER TAX RECEIPTS
VERANO # 2 SER 17 POD A	7,342.87 001096
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00022	1/16/26 01162026 202601 300-20700-10400	*	5,480.17
TRANSFER TAX RECEIPTS
VERANO # 2 SER 17 POD B	5,480.17 001097
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00023	1/16/26 01162026 202601 300-20700-10700	*	5,028.60
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD C	5,028.60 001098
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00029	1/16/26 01162026 202601 300-20700-10700	*	7,108.32
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD D	7,108.32 001099
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00034	1/16/26 01162026 202601 300-20700-10500	*	4,703.50
TRANSFER TAX RECEIPTS
VERANO # 3 SER 21 POD G	4,703.50 001100
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00037	1/16/26 01162026 202601 300-20700-10900	*	3,872.91
TRANSFER TAX RECEIPTS
VERANO # 3 SER 22 POD G	3,872.91 001101
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00046	1/16/26 01162026 202601 300-20700-10600	*	12,289.56
TRANSFER TAX RECEIPTS
VERANO # 4 SERIES 2023	12,289.56 001102
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/16/26 00051	1/16/26 01162026 202601 300-20700-10800	*	9,055.71
TRANSFER TAX RECEIPTS
VERANO # 2 SERIES 2024	9,055.71 001103
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
1/22/26 00043 12/20/25 2025-DEC 202601 320-53800-46204	*	3,281.88 DEC 25- LAKE BANK
ASTOR CREEK GOLF & COUNTRY CLUB	3,281.88 001104
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	4
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/22/26 00007	1/01/26 11574	202601 320-53800-46203	*	2,880.00
JAN 26- LAKE BANKS
1/01/26 11596	202601 320-53800-46200	*	1,250.00
JAN 26-CPG2/V3 LAWN MAINT
1/01/26 11597	202601 320-53800-46200	*	1,800.00
JAN 26- CPG2/V5 LAWN MAIN
FLORIDA EXOTIC LANDSCAPING	5,930.00 001105
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/26 00033	1/01/26 PSI23256 202601 320-53800-46302	*	1,473.00 JAN 26- LAKE MAINT
1/02/26 PSI23172 202601 320-53800-46303	*	3,385.00 JAN 26- LAKE MAINT
1/02/26 PSI23253 202601 320-53800-46301	*	3,696.16 JAN 26- LAKE MAINT
1/02/26 PSI23255 202601 320-53800-46302	*	5,527.00 JAN 26- LAKE MAINT
SOLITUDE LAKE MANAGEMENT, LLC	14,081.16 001106
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/26 00052	1/06/26 1333	202512 320-53800-46204	*	4,535.00
JAN 26- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	4,535.00 001107
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/26 00042	1/01/26 111108	202601 320-53800-46304	*	3,170.00

SUPERIOR WATERWAY SERVICES. INC	3,170.00	001108	
- - - - - - - -	- - - - - - -	- -	- - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
1/22/26 00054	1/21/26	2131	202601 320-53800-46201	*	1,250.00	
JAN	26-	CANAL C-24	
1/21/26	2132
JAN	26-	202601 320-53800-46202	*	1,250.00	
TOLER ENTERPRISES, INC	2,500.00	001109	
- - - - - - - -	- - - - - - -	-	-	- - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
1/22/26 00036	11/12/25	24044	202510 310-51300-31500	*	72.00	

JAN 26- LAKE MAINT

CANAL C-24

LEGAL SV THRU 10/22/25

TORCIVIA, DONLON, GODDEAU& RUBIN,PA	72.00 001110

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	409,888.94

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/04/26	PAGE	5
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME	STATUS	AMOUNT	....CHECK..... AMOUNT	#	
1/14/26 00045	12/30/25 01212-42 202512 320-53800-43000
1/09/26 60220-00 202512 320-53800-43000		*
*	2,734.84
612.54		
	SL LED 12/9-1/9/26
FPL AUTO PAY				3,347.38 080009	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - - - - - - - - -	- - - - - -	- - - - - - - -	
		TOTAL FOR	BANK Z	3,347.38		
		TOTAL FOR	REGISTER	413,236.32		

BANK Z VERANO #5 CDD AUTOPY

VERANO PKWY 11/29-12/320

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	1
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
2/02/26 00018 12/01/25 28358	202512 310-51300-32200	V	4,600.00-AUDIT FYE 9/30/2025
GRAU AND ASSOCIATES	4,600.00-001057
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/02/26 00018 12/01/25 28358	202512 310-51300-32200	*	4,600.00
AUDIT FYE 9/30/2025
GRAU AND ASSOCIATES	4,600.00 001111

2/05/26 00001	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
247	202602 310-51300-34000	*	12,500.00
FEB 26 - MANAGEMENT FEES
247	202602 310-51300-31400	*	416.67
FEB 26 - DISSEMINATION
247	202602 310-51300-35100	*	68.92
FEB 26 - WEBSITE ADMIN
247	202602 310-51300-42000	*	82.71
FEB 26 - POSTAGE
247	202602 310-51300-42500	*	3.90
FEB 26 - COPIES
GMS - SO FLORIDA, LLC	13,072.20 001112

2/05/26 00053	11/25/25	
	1/27/26	
	1/27/26	
	1/27/26	
	1/27/26	
	1/27/26	
	1/27/26	
	1/29/26	
	1/29/26	
	1/29/26	
	1/29/26	
	1/29/26	
	1/29/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3658489	202510 310-51300-31500	*	527.50
V#4 LEGAL THRU 10/31/25
3689274	202511 310-51300-31500	*	726.46
V#5 LEGAL THRU 11/30/25
3689282	202511 310-51300-31500	*	459.17
VCENTER THRU 11/30/25
3689283	202511 310-51300-31500	*	791.16
V#1 LEGAL THRU 11/30/25
3689284	202511 310-51300-31500	*	1,366.40
V#2 LEGAL THRU 11/30/25
3689285	202511 310-51300-31500	*	2,612.16
V#3 LEGAL THRU 11/30/25
3689287	202511 310-51300-31500	*	571.16
V#4 LEGAL THRU 11/30/25
3689675	202512 310-51300-31500	*	72.00
VCENTER LEGAL THRU 12/31
3689676	202512 310-51300-31500	*	168.00
V#1 LEGAL THRU 12/31/25
3689677	202512 310-51300-31500	*	288.00
V#2 LEGAL THRU 12/31/25
3689681	202512 310-51300-31500	*	388.50
V#3 LEGAL THRU 12/31/25
3689683	202512 310-51300-31500	*	1,940.00
V#4 LEGAL THRU 12/31/25
3689684	202512 310-51300-31500	*	2,116.00
V#5 LEGAL THRU 12/31/25
KUTAK ROCK LLP	12,026.51 001113
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	2
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
2/05/26	00025	2/01/26	5CDD0201 202602 320-53800-34000	*	2,000.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

FEB 26 - MGMT FEE	LANG	MANAGEMENT COMPANY,	INC	2,000.00	001114	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - -	- - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -	
2/05/26	00015	1/28/26	26357098 202601 320-53800-46801	*	1,852.70	
QRT WATER ANALYSIS	
PACE	ANALYTICAL SERVICES, LLC	1,852.70	001115	
- - - - - - - - - - - - - - - - -	- - - - - - - - - - - -	- - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -	
2/05/26 00055	1/26/26 15531	202601 320-53800-46200	*	30.00	
3 GALLON TRINETTES	
1/30/26 15560	202601 320-53800-46202	*	6,097.00	
JAN 26-	V2 S.LAKE BNK MOW	
1/30/26 15561	202601 320-53800-46200	*	10,740.00	
JAN 26-	V.PKWY MOWING SVC	
1/30/26 15562	202601 320-53800-46201	*	5,131.00	
JAN 26 - V#1 N LAKE MAINT

- - - - -	

- - - - -	

- - - - -	

- - - - -	

- - - - -	

- - - - -	

- - - - -	

-	
-	
-	
-	
-	

PHL LAND CARE INC	21,998.00 001116
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - -
2/12/26 00056	1/28/26 S25-860- 202601 310-51300-31100	*	2,750.00 ENGINEER SV BMAP/FDEP

-	-	-	-	-	-	-	-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

MILLS, SHORT & ASSOCIATES	2,750.00 001117
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00004	2/11/26 02112026 202602 300-20700-10200	*	8,238.83
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2015	8,238.83 001118
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00005	2/11/26 02112026 202602 300-20700-10300	*	12,688.50
TXFER TAX COLLECTIONS
VERANO # 1 SERIES 2017	12,688.50 001119
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00008	2/11/26 02112026 202602 300-20700-10400	*	2,582.54
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD C	2,582.54 001120
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00009	2/11/26 02112026 202602 300-20700-10700	*	4,385.10
TXFER TAX COLLECTIONS
VERANO # 2 SER 20 POD E	4,385.10 001121
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00021	2/11/26 02112026 202602 300-20700-10400	*	4,417.86
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD A	4,417.86 001122
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - - - - - - - - -
2/12/26 00022	2/11/26 02112026 202602 300-20700-10400	*	3,297.17
TXFER TAX COLLECTIONS
VERANO # 2 SER 17 POD B	3,297.17 001123

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

-	- - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	3
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
2/12/26	00023	2/11/26	02112026 202602 300-20700-10700	*	3,937.36			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	TXFER TAX COLLECTIONS
VERANO	#	2	SER	20 POD C															3,937.36	001124	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	-	-	- -	- - - - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
2/12/26 00029	2/11/26 02112026 202602 300-20700-10700												*						5,565.78			
	TXFER TAX COLLECTIONS																					
	VERANO	#	2	SER	20 POD D															5,565.78	001125	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	-	-	- -	- - - - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
2/12/26 00034	2/11/26 02112026 202602 300-20700-10500												*						5,544.82			
	TXFER TAX COLLECTIONS																					
VERANO # 3 SER 21 POD G	5,544.82 001126
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/12/26 00037	2/11/26 02112026 202602 300-20700-10900	*	148,540.76
TXFER TAX COLLECTIONS
VERANO # 3 SER 22 POD G	148,540.76 001127
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/12/26 00046	2/11/26 02112026 202602 300-20700-10600	*	3,238.13
TXFER TAX COLLECTIONS
VERANO # 4 SERIES 2023	3,238.13 001128
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/12/26 00051	2/11/26 02112026 202602 300-20700-10800	*	4,676.74
TXFER TAX COLLECTIONS
VERANO # 2 SERIES 2024	4,676.74 001129
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/26/26 00043	2/24/26 2026-FEB 202602 320-53800-46204	*	3,281.88 FEB 26- LAKE BANK
2/24/26 2026-JAN 202601 320-53800-46204	*	3,281.88 JAN 26- LAKE BANK
ASTOR CREEK GOLF & COUNTRY CLUB	6,563.76 001130
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/26/26 00007	2/01/26 11809	202602 320-53800-46203	*	2,880.00
FEB 26- LAKE BANKS
2/01/26 11820	202602 320-53800-46200	*	1,800.00
FEB 26- CPG2/V5 LAWN MAIN
2/01/26 11821	202602 320-53800-46200	*	1,250.00
FEB 26-CPG2/V3 LAWN MAINT
FLORIDA EXOTIC LANDSCAPING	5,930.00 001131
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/26/26 00053	2/23/26 3702269	202601 310-51300-31500	*	172.50
V#1 LEGAL THRU 1/31/26
2/23/26 3702270	202601 310-51300-31500	*	5,494.37
V#2 LEGAL THRU 1/31/26
2/23/26 3702273	202601 310-51300-31500	*	3,750.87
V#3 LEGAL THRU 1/31/26
2/23/26 3702276	202601 310-51300-31500	*	337.50
V#4 LEGAL THRU 1/31/26
MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	4
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
	2/23/26 3702278	202601 310-51300-31500
KUTAK ROCK LLP		*		4,188.00	
13,943.24 001132	
- - - - - - - - 2/26/26 00055	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/23/26 15661	202602 320-53800-46200
PHL LAND CARE INC	- -	- - - -
*	- - - - -	- - - - -	- - - - - - - -

2,400.00 001133	
- - - - - - - - 2/26/26 00033	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/02/26 PSI23807 202602 320-53800-46303
2/02/26 PSI23893 202602 320-53800-46301	- -	- - - -
*
*	- - - - -	- - - - -

3,696.16	- - - - - - - -	
	FEB 26- LAKE MAINT
2/02/26 PSI23896 202602 320-53800-46302		*		5,527.00		
	FEB 26- LAKE MAINT
2/02/26 PSI23896 202602 320-53800-46302		*		1,473.00		
	FEB 26-CRSSTWN LAKE MAINT
SOLITUDE LAKE MANAGEMENT, LLC					14,081.16 001134	
- - - - - - - - 2/26/26 00054	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/21/26 2141	202602 320-53800-46201
2/21/26 2142	202602 320-53800-46202	- -	- - - -
*
*	- - - - -	- - - - -

1,250.00	- - - - - - - -	
	FEB 26- CANAL C-24 SOUTH
TOLER ENTERPRISES, INC					2,500.00 001135	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	- - - -	- - - - -	- - - - -	- - - - - - - -	

BANK A VERANO #5 CDD

V#5 LEGAL THRU 1/31/26

RP WASH OUT SOIL REFURB

2,400.00

FEB 26- LAKE MAINT

3,385.00

FEB 26- CANAL C-24 NORTH

1,250.00

TOTAL FOR BANK A	306,231.16

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	5
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME	STATUS	AMOUNT	....CHECK..... AMOUNT	#	
2/26/26 00045	1/29/26 01212-42 202601 320-53800-43000
2/10/26 60220-00 202601 320-53800-43000		*
*	2,812.90
612.54		
	SL LED 1/9-2/10/26
FPL AUTO PAY				3,425.44 080010	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - - - - - - - - -	- - - - - -	- - - - - - - -	
		TOTAL FOR	BANK Z	3,425.44		
		TOTAL FOR	REGISTER	309,656.60		

BANK Z VERANO #5 CDD AUTOPY

VERANO PKWY 12/30-1/29/26

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER	CHECK REGISTER	RUN	4/02/26	PAGE	1	
*** CHECK DATES	03/01/2026 - 03/31/2026 ***	VERANO #5 CDD	
				BANK A VERANO #5 CDD			
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR	NAME	STATUS	AMOUNT	....CHECK.....	
DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#	
3/10/26	00016	12/01/25	1400	202512 300-36300-10010		*	1,889.34	
		12/01/25	TRIM
1400	NOTICE 2025 V#1 2017
202512 300-20700-10300		*	13,699.18	
		12/01/25	TRIM
1401	NOTICE 2025 V#1 2017
202512 300-36300-10009		*	1,350.48	
		12/01/25	TRIM
1401	NOTICE 2025 V#1 2015
202512 300-20700-10200		*	11,545.78	
		12/01/25	TRIM
1402	NOTICE 2025 V#1 2015
202512 300-36300-10011		*	2,323.74	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2017
202512 300-20700-10700		*	18,464.00	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2017
202512 300-36300-10002		*	4,383.29	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2017
202512 300-20700-10700		*	4,383.29	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2017
202512 300-58100-10000		*	4,383.29-	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2017
202512 300-36300-10012		*	2,114.83	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2020
202512 300-36300-10001		*	4,445.02	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2020
202512 300-20700-10700		*	4,445.02	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2020
202512 300-58100-10000		*	4,445.02-	
		12/01/25	TRIM
1402	NOTICE 2025 V#2 2020
202512 300-20700-10700		*	16,564.08	
			TRIM	NOTICE 2025 V#2 2020				
		12/01/25	1402
TRIM	202512 300-36300-10014		*	1,576.69	
		12/01/25
12/01/25	1402
TRIM
1403	202512 300-20700-10800
202512 300-36300-10015		*
*	14,741.83
1,867.84	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2021
202512 300-36300-10003		*	12,251.68	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2021
202512 300-20700-10500		*	12,251.68	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2021
202512 300-58100-10000		*	12,251.68-	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2021
202512 300-20700-10500		*	11,700.67	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2021
202512 300-36300-10016		*	1,976.75	
		12/01/25	TRIM
1403	NOTICE 2025 V#3 2022
202512 300-36300-10004		*	14,405.40	
			TRIM	NOTICE 2025 V#3 2022				
				MR5	--VERANO	#5--	NMARINO			

NOTICE 2025 V#2 2024
NOTICE 2025 V#2 2024

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	2
*** CHECK DATES 03/01/2026 - 03/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD

DATE	DATE	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
1403	202512 300-20700-10900	*	14,405.40
TRIM NOTICE 2025 V#3 2022
1403	202512 300-58100-10000	*	14,405.40-
TRIM NOTICE 2025 V#3 2022
1403	202512 300-20700-10900	*	15,110.83
TRIM NOTICE 2025 V#3 2022
1404	202512 300-36300-10018	*	903.29
TRIM NOTICE 2025 #4 2023
1404	202512 300-20700-10600	*	8,423.91
TRIM NOTICE 2025 #4 2023
1404	202512 300-36300-10019	*	757.89
TRIM NOTICE 2025 #4 2025
1404	202512 300-20700-11000	*	7,073.91
TRIM NOTICE 2025 #4 2025
MICHELLE FRANKLIN, CFA	167,570.43 001136
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/10/26 00001	3/01/26 248	202603 310-51300-34000	*	12,500.00
MAR 26 - MANAGEMENT FEES
3/01/26 248	202603 310-51300-31400	*	416.67
MAR 26 - DISSEMINATION
3/01/26 248	202603 310-51300-35100	*	68.92
MAR 26 - WEBSITE ADMIN
3/01/26 248	202603 310-51300-42000	*	24.42
MAR 26 - POSTAGE
GMS - SO FLORIDA, LLC	13,010.01 001137
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/10/26 00025	3/01/26 5CDD0301 202603 320-53800-34000	*	2,000.00 MAR 26 - MGMT FEE
LANG MANAGEMENT COMPANY, INC	2,000.00 001138
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/10/26 00052	2/06/26 1351	202601 320-53800-46204	*	4,535.00
JAN 26- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	4,535.00 001139
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/10/26 00042	2/01/26 111859	202602 320-53800-46304	*	3,170.00
FEB 26 - LAKE MAINTENANCE
SUPERIOR WATERWAY SERVICES. INC	3,170.00 001140
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/26 00004	3/13/26 03132026 202603 300-20700-10200	*	13,101.59
TRANSFER TAX RECEIPTS
VERANO # 1 SERIES 2015	13,101.59 001141
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/26 00005	3/13/26 03132026 202603 300-20700-10300	*	14,212.84
TRANSFER TAX RECEIPTS
VERANO # 1 SERIES 2017	14,212.84 001142
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	3
*** CHECK DATES 03/01/2026 - 03/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/13/26 00008	3/13/26 03132026 202603 300-20700-10400	*	1,643.88
TRANSFER TAX RECEIPTS

-	-	-	-	-	-	-	-	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

- - - - - - - -	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	

VERANO # 2 SER 17 POD C	1,643.88 001143
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00009	3/13/26 03132026 202603 300-20700-10700	*	4,485.25
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD E	4,485.25 001144
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00021	3/13/26 03132026 202603 300-20700-10400	*	2,812.11
TRANSFER TAX RECEIPTS
VERANO # 2 SER 17 POD A	2,812.11 001145
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00022	3/13/26 03132026 202603 300-20700-10400	*	2,098.76
TRANSFER TAX RECEIPTS
VERANO # 2 SER 17 POD B	2,098.76 001146
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00023	3/13/26 03132026 202603 300-20700-10700	*	4,027.28
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD C	4,027.28 001147
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00029	3/13/26 03132026 202603 300-20700-10700	*	5,692.88
TRANSFER TAX RECEIPTS
VERANO # 2 SER 20 POD D	5,692.88 001148
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00034	3/13/26 03132026 202603 300-20700-10500	*	66,401.53
TRANSFER TAX RECEIPTS
VERANO # 3 SER 21 POD G	66,401.53 001149
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00037	3/13/26 03132026 202603 300-20700-10900	*	3,886.05
TRANSFER TAX RECEIPTS
VERANO # 3 SER 22 POD G	3,886.05 001150
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00046	3/13/26 03132026 202603 300-20700-10600	*	51,496.39
TRANSFER TAX RECEIPTS
VERANO # 4 SERIES 2023	51,496.39 001151
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00050	3/13/26 03132026 202603 300-20700-11000	*	15,296.86
TRANSFER TAX RECEIPTS
VERANO # 4 SERIES 2025	15,296.86 001152
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/13/26 00051	3/13/26 03132026 202603 300-20700-10800	*	4,500.94
TRANSFER TAX RECEIPTS
VERANO # 2 SERIES 2024	4,500.94 001153
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -
3/20/26 00038	3/20/26 03202026 202603 300-15100-10000	*	500,000.00
TXFER EXCESS FUNDS
VERANO # 5 CDD	500,000.00 001154

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
MR5	--VERANO #5--	NMARINO

- - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	4
*** CHECK DATES 03/01/2026 - 03/31/2026 ***	VERANO #5 CDD
BANK A VERANO #5 CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/25/26 00007	3/01/26 11919	202603 320-53800-46203	*	2,880.00
MAR 26- LAKE BANKS
3/01/26 11930	202603 320-53800-46200	*	1,250.00
MAR 26-CPG2/V3 LAWN MAINT
3/01/26 11931	202603 320-53800-46200	*	1,800.00
MAR 26- CPG2/V5 LAWN MAIN
FLORIDA EXOTIC LANDSCAPING	5,930.00 001155
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00055	3/01/26 15714	202603 320-53800-46201	*	5,131.00
MAR 26 - V#1 N LAKE MAINT
3/01/26 15715	202603 320-53800-46202	*	6,097.00
MAR 26- V2 S.LAKE BNK MOW
3/01/26 15716	202603 320-53800-46200	*	10,740.00
MAR 26- V.PKWY MOWING SVC
PHL LAND CARE INC	21,968.00 001156
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00033	3/02/26 PSI24486 202603 320-53800-46303	*	3,385.00 MAR 26- LAKE MAINT
3/02/26 PSI24565 202603 320-53800-46301	*	3,696.16 MAR 26- LAKE MAINT
3/02/26 PSI24567 202603 320-53800-46302	*	5,527.00 MAR 26- LAKE MAINT
3/02/26 PSI24567 202603 320-53800-46302	*	1,473.00 MAR 26-CRSSTWN LAKE MAINT
SOLITUDE LAKE MANAGEMENT, LLC	14,081.16 001157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00052	3/05/26 1364	202602 320-53800-46204	*	4,535.00
FEB 26- LAKE BANK MAINT
SOUTH FLORIDA LANDWORKS LLC	4,535.00 001158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00042	3/01/26 112620	202603 320-53800-46304	*	3,170.00
MAR 26 - LAKE MAINTENANCE
SUPERIOR WATERWAY SERVICES. INC	3,170.00 001159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	929,625.96

MR5	--VERANO #5--	NMARINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	5
*** CHECK DATES 03/01/2026 - 03/31/2026 ***	VERANO #5 CDD

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
3/10/26 00045	2/28/26 01212-42 202602 320-53800-43000
FPL AUTO PAY			*		2,812.90	
2,812.90 080011	
- - - - - - - - 3/25/26 00045	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/11/26 60220-00 202603 320-53800-43000
FPL AUTO PAY	- - -	- - - - -	- - - -
*	- - - - -	- - - - -	- - - - - - - -

611.96 080012	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - -	- - - - -	- - - - - - - -	

BANK Z VERANO #5 CDD AUTOPY

VERANO PKWY 1/29-2/28/26

SL LED 2/10-3/11/26

611.96

TOTAL FOR BANK Z		3,424.86 TOTAL FOR REGISTER	933,050.82

MR5	--VERANO #5--	NMARINO

Verano #5	
Community Development District	

Unaudited Financial Reporting	
March 31, 2026	

Table of Contents

1		Balance Sheet

2-3		General Fund

4-5		Month to Month

6		Assessment Receipt Schedule

Verano #5	
Community Development District	
Combined Balance Sheet	
March 31, 2026	

General Fund

Assets:	
Cash:	
Operating Account	

Total Assets	$	1,859,014	
Liabilities:	
Accounts Payable	$	23,165	
Due to -V#1 Series 2015	5,866	
Due to -V#1 Series 2017	4,648	
Due to -V#2 Series 2017	7,622	
Due to -V#2 Series 2020	9,364	
Due to -V#2 Series 2024 Pod D 4,5,6	4,546	
Due to -V#2 Series 2024 Pod D 7	-	
Due to -V#3 Series 2021	6,833	
Due to -V#3 Series 2022	5,943	
Due to -V#4 Series 2023	1,438	
Due to -V#4 Series 2025	-	

$

Investments:	
State Board of Administration (SBA)	

Prepaid Expenses	
Deposits	

Total Liabilites	$	69,426

Fund Balance:	
Nonspendable:	
Deposits	
Unassigned	

$

126,010

1,731,984

-	
1,020	

1,020
1,788,568

Total Liabilities & Fund Balance	$	1,859,014

Total Fund Balances	$	1,789,588

Verano #5	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2026	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/26	Thru 03/31/26	Variance	

Revenues:		
Maintenance Assessments - V#1 S2015	$	62,122	
Maintenance Assessments - V#1 S2017	86,910	
Maintenance Assessments - V#2 S2017	308,523	
Maintenance Assessments - V#2 S2020	301,753	
Maintenance Assessments - V#2 S2024	110,041	
Maintenance Assessments - V#3 S2021	649,498	
Maintenance Assessments - V#3 S2022	753,580	
Maintenance Assessments - V#4 S2023	41,525	
Maintenance Assessments - V#4 S2025	44,085	
Maintenance Assessments - V#5	38,523	
Maintenance Assessments - V Center	13,377	
Stormwater Rebate Fees	680,228	
Interest Income	30,797	

$	62,122	
86,910	
308,523	
301,753	
110,041	
649,498	
753,580	
41,525	
44,085	
38,523	
13,377	
680,228	
15,398	

$	59,487	
80,892	
300,267	
287,717	
108,866	
644,635	
746,504	
39,456	
42,801	
38,523	
14,227	
753,257	
21,951	

$	(2,635)	
(6,017)	
(8,257)	
(14,036)	
(1,175)	
(4,864)	
(7,076)	
(2,069)	
(1,284)	
(0)	
850	
73,029	
6,553	

Total Revenues	$  3,120,962	$	3,105,564	$  3,138,582	$  33,019	

Expenditures:					
General & Administrative:					
Engineering	$	20,000	$	10,000	$	2,750	$	7,250	
Attorney	20,000	10,000	44,862	(34,862)	
Annual Audit	5,000	5,000	4,600	400	
Assessment Administration	15,000	15,000	15,000	-	
Dissemination Agent	5,000	2,500	2,500	(0)	
Dissemination Agent Software	-	-	5,000	(5,000)	
Management Fees	150,000	75,000	75,000	-	
Website Maintenance	827	414	414	0	
Telephone	50	25	-	25	
Postage & Delivery	900	450	422	28	
Insurance General Liability	5,720	5,720	5,512	208	
Printing & Binding	2,000	1,000	8	992	
Legal Advertising	1,300	650	865	(215)	
Other Current Charges	650	325	195	130	
Office Supplies	300	150	0	150	
Dues, Licenses & Subscriptions	175	175	175	-	
Contingency	300	150	-	150	
Total General & Administrative	$	227,222	$	126,559	$	157,303	$ (30,744)	

Verano #5	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2026	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/26	Thru 03/31/26	Variance	

Lake Maintenance		
Verano#1	55,685	
Verano#2	96,520	
Verano#3	51,839	
Verano#4	79,181	
Lake Bank Mowing		
Verano#1	88,251	
Verano#2	100,191	
Verano#3	35,597	
Verano#4	139,472	
Landscape Maintenance		
Verano#5 (Verano Pakway)	163,242	

Operations & Maintenance

Field Expenditures		
Field Management (Lang)	$	26,460	
Electric (FPL)	40,200	
Irrigation Repair	5,000	

$	13,230	
20,100	
2,500	

$	12,000	
16,805	
523	

$	1,230	
3,295	
1,977	

27,842	
48,260	
25,919	
39,591	

22,177	
42,000	
20,310	
19,020	

5,665	
6,260	
5,609	
20,571	

44,126	
50,095	
17,798	
69,736	

38,186	
46,382	
17,280	
46,901	

5,940	
3,713	
518	
22,835	

81,621	82,214	(593)

Wetland and Mitigation	25,000	12,500	-	12,500	
Water Sampling-BMAP	8,000	4,000	3,705	295	
Contingency	302,489	151,245	454	150,791	

Subtotal Field Expenditures	$  1,217,126	$	608,563	$	367,958	$ 240,605	

Total Operations & Maintenance	$  1,217,126	$	608,563	$	367,958	$ 240,605	

Total Expenditures	$  1,444,348	$	735,122	$	525,260	$ 209,861	

Excess (Deficiency) of Revenues over Expenditures	$	1,676,613	$	2,370,442	$	2,613,322	$ 242,880	

Other Financing Sources/(Uses):

Intergovernmental Transfer to all Veranos	$  (1,676,613)	$	(1,676,613)	(1,777,818)	$ (101,205)	

Total Other Financing Sources/(Uses)	$ (1,676,613)	$  (1,676,613)	$ (1,777,818)	#######	
	
Net Change in Fund Balance	$	-	$	693,829	$	835,504	$ 141,675	
	
Fund Balance - Beginning	$	-		$	954,084		
	
Fund Balance - Ending	$	-		$  1,789,588		

Verano #5	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Maintenance Assessments - V#1 S2015	$	-	$	15,145	$	38,490	$	3,231	$	977	$	1,644	$	-	$	-	$	-	$	-	$	-	$	-	$	59,487	
Maintenance Assessments - V#1 S2017	-	18,642	54,003	4,945	1,502	1,801	-	-	-	-	-	-	80,892	
Maintenance Assessments - V#2 S2017	-	14,187	84,337	4,289	700	1,017	-	-	-	-	-	-	104,529	
Maintenance Assessments - V#2 S2017 Pod C	-	26,761	159,084	6,654	1,320	1,918	-	-	-	-	-	-	195,737	
Maintenance Assessments - V#2 S2020	-	11,284	74,058	4,723	2,011	1,140	-	-	-	-	-	-	93,216	
Maintenance Assessments - V#2 S2020 Pod C	-	23,717	155,657	8,503	4,228	2,397	-	-	-	-	-	-	194,501	
Maintenance Assessments - V#2 S2024	37,513	5,617	62,508	2,260	329	639	-	-	-	-	-	-	108,866	
Maintenance Assessments - V#3 S2021	-	9,319	63,262	1,639	10,805	860	-	-	-	-	-	-	85,886	
Maintenance Assessments - V#3 S2021 Pod G	-	61,128	414,952	6,150	70,875	5,644	-	-	-	-	-	-	558,749	
Maintenance Assessments - V#3 S2022	-	4,789	64,595	1,597	19,481	315	-	-	-	-	-	-	90,778	
Maintenance Assessments - V#3 S2022 Pod G	-	34,902	470,729	5,833	141,964	2,298	-	-	-	-	-	-	655,727	
Maintenance Assessments - V#4 S2023	-	4,137	27,746	1,723	5,452	398	-	-	-	-	-	-	39,456	
Maintenance Assessments - V#4 S2025	9,222	-	31,715	225	1,639	-	-	-	-	-	-	-	42,801	
Maintenance Assessments - V#5	38,523	-	-	-	-	-	-	-	-	-	-	-	38,523	
Maintenance Assessments - V Center Direct	14,227	-	-	-	-	-	-	-	-	-	-	-	14,227	
Stormwater fees	-	-	-	-	-	753,257	-	-	-	-	-	-	753,257	
Interest Income	3,061	2,771	3,657	4,352	3,806	4,303	-	-	-	-	-	-	21,951	

Total Revenues	$ 102,546	$ 232,400	$ 1,704,792	$  56,126	$ 265,088	$ 777,630	$	-	$	-	$	-	$	-	$	-	$	-	$ 3,138,582	
Expenditures:														
General & Administrative:														
Engineering	$	-	$	-	$	-	$	2,750	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,750	
Attorney	7,025	6,527	4,973	13,943	12,394	-	-	-	-	-	-	-	44,862	
Annual Audit	-	-	4,600	-	-	-	-	-	-	-	-	-	4,600	
Assessment Administration	15,000	-	-	-	-	-	-	-	-	-	-	-	15,000	
Dissemination Agent	417	417	417	417	417	417	-	-	-	-	-	-	2,500	
Dissemination Agent Software	5,000	-	-	-	-	-	-	-	-	-	-	-	5,000	
Management Fees	12,500	12,500	12,500	12,500	12,500	12,500	-	-	-	-	-	-	75,000	
Website Maintenance	69	69	69	69	69	69	-	-	-	-	-	-	414	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	26	45	150	93	83	24	-	-	-	-	-	-	422	
Insurance General Liability	5,512	-	-	-	-	-	-	-	-	-	-	-	5,512	
Printing & Binding	-	2	1	1	4	-	-	-	-	-	-	-	8	
Legal Advertising	437	-	427	-	-	-	-	-	-	-	-	-	865	
Other Current Charges	42	80	-	-	18	55	-	-	-	-	-	-	195	
Office Supplies	-	-	-	0	-	-	-	-	-	-	-	-	0	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total General & Administrative	$  46,203	$  19,639	$	23,137	$  29,773	$  25,485	$  13,065	$	-	$	-	$	-	$	-	$	-	$	-	$	157,303	
Operations & Maintenance

Field Expenditures														
Field Management (Lang)	$	2,000	$	2,000	$	2,000	$	2,000	$	2,000	$	2,000	$	-	$	-	$	-	$	-	$	-	$	-	$	12,000	
Electric (FPL)	3,293	3,314	3,347	3,425	2,813	612	-	-	-	-	-	-	16,805	
Irrigation repair	523	-	-	-	-	-	-	-	-	-	-	-	523	

Verano #5	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Lake Maintenance														
Verano#1														
Lake Maintenance- 17 Lakes (Solitude) #49	3,696	3,696	3,696	3,696	3,696	3,696	-	-	-	-	-	-	22,177	
Verano#2														
Lake Maintenance 26 Lakes (Solitude) #92/#102	5,527	5,527	5,527	5,527	5,527	5,527	-	-	-	-	-	-	33,162	
Lake Maintenance CrossTown Commons 6 Lakes (Solitude) #93/#101	1,473	1,473	1,473	1,473	1,473	1,473	-	-	-	-	-	-	8,838	
Verano#3														
Lake Maintenance Central Park- 12 Lakes (Solitude) #71	3,385	3,385	3,385	3,385	3,385	3,385	-	-	-	-	-	-	20,310	
Verano #4														
Lake Maintenance - 22 Lakes (Superior Waterway) #32	3,170	3,170	3,170	3,170	3,170	3,170	-	-	-	-	-	-	19,020	

Lake Bank Mowing														
Verano#1														
Lake Bank Washout	-	-	-	-	-	-	-	-	-	-	-	-	-	
Canal 24 C mowing (United Land Service) terminated	1,200	1,200	-	-	-	-	-	-	-	-	-	-	2,400	
Canal 24 C mowing (Toler Enterprise) #50	-	-	1,250	1,250	1,250	1,250	-	-	-	-	-	-	5,000	
Lake Bank Mowing (United Land Service) terminated	5,131	5,131	5,131	-	-	-	-	-	-	-	-	-	15,393	
Lake bank mowing (PHL Land Care) 17 Lakes #51	-	-	-	5,131	5,131	5,131	-	-	-	-	-	-	15,393	
Verano#2														
Canal 24 C mowing (United Land Service) terminated	1,200	1,200	-	-									2,400	
Canal 24 C mowing (Toler Enterprise) #105	-	-	1,250	1,250	1,250	1,250	-	-	-	-	-	-	5,000	
Lake Bank Mowing (United Land Service) terminated	6,097	6,097	6,097	-	-	-	-	-	-	-	-	-	18,291	
Lake Bank mowing (PHL Land Care) 26 lakes #104	-	-	-	6,097	6,097	6,097	-	-	-	-	-	-	18,291	
Lank Bank Repair - Various Addresses	-	-	-	-	2,400	-	-	-	-	-	-	-	2,400	
Verano#3														
Lake bank mowing Central Park- 12 Lakes (Florida Exotic) #32	2,880	2,880	2,880	2,880	2,880	2,880	-	-	-	-	-	-	17,280	
Verano #4														
Lake Bank Turf Maintenance- 22 Lakes (South Florida Landworks) #39	4,535	4,535	4,535	4,535	4,535	4,535	-	-	-	-	-	-	27,210	
Mowing and trimming Lake Bank maintenance (Astor Creek) #40 and #34	3,282	3,282	3,282	3,282	3,282	3,282	-	-	-	-	-	-	19,691	
Verano #5														
Central Park G2 purple (Florida Exotic) Verano Parkway	10,462	10,462	10,740	10,740	10,740	10,740	-	-	-	-	-	-	63,884	
Central Park G2 Purple Orange (Florida Exotic) #44 in v3	1,250	1,250	1,250	1,250	1,250	1,250	-	-	-	-	-	-	7,500	
Central Park G2 Purple (Florida Exotic) #32 in v5	1,800	1,800	1,800	1,800	1,800	1,800	-	-	-	-	-	-	10,800	
Plant Replacement - 3 Gallon	-	-	-	30	-	-	-	-	-	-	-	-	30	

Wetland and Mitigation	-	-	-	-	-	-	-	-	-	-	-	-	-	
Water Sampling-BMAP	1,853	-	-	1,853	-	-	-	-	-	-	-	-	3,705	
Contingency	454	-	-	-	-	-	-	-	-	-	-	-	454	

Subtotal Field Expenditures	$  63,211	$  60,402	$	60,813	$  62,774	$  62,679	$  58,078	$	-	$	-	$	-	$	-	$	-	$	-	$	367,958	

Total Operations & Maintenance	$  63,211	$  60,402	$	60,813	$  62,774	$  62,679	$  58,078	$	-	$	-	$	-	$	-	$	-	$	-	$	367,958	

Total Expenditures	$ 109,414	$  80,041	$	83,950	$  92,548	$  88,164	$  71,143	$	-	$	-	$	-	$	-	$	-	$	-	$	525,260	

Excess (Deficiency) of Revenues over Expenditures	$	(6,868)	$  152,359	$  1,620,842	$  (36,422)	$ 176,924	$ 706,487	$	-	$	-	$	-	$	-	$	-	$	-	$  2,613,322	

Other Financing Sources/Uses:														
Intergovernmental Transfer to all Veranos	$  (44,520)	$ (275,092)	$ (1,200,422)	$  (27,141)	$ (218,387)	$  (12,256)	$	-	$	-	$	-	$	-	$	-	$	-	$ (1,777,818)	

Total Other Financing Sources/Uses	$ (44,520)	$ (275,092)	$ (1,200,422)	$ (27,141)	$ (218,387)	$ (12,256)	$	-	$	-	$	-	$	-	$	-	$	-	$ (1,777,818)	

Net Change in Fund Balance	$ (51,388)	$ (122,733)	$  420,420	$ (63,562)	$ (41,463)	$ 694,231	$	-	$	-	$	-	$	-	$	-	$	-	$	835,504	

Verano #1 - 5
Community Development District Summary Tax Collections
Fiscal Year Ending September 30, 2026

GF O&M
Master

O&M POD C	O&M POD G	PS 84	VCCD	PS 85	PS 85	PS 85	PS86	PS86	PS86	PS88	PS87	PS95	PS89	PS97

	Verano #5	Verano #2	Verano #3	
gross	$738,042.73	$441,415.26	$1,332,855.44	
net	$678,999.31	$406,102.04	$1,226,227.00	
	8.81%	5.27%	15.91%	
Date Received	Description	Gross Tax Received	Discounts/ (Penalties)	Commissions	Property Appraisal	Interest	Net Amount Received	General Fund	General Fund	General Fund	
				
2.00%	
2.00%			
O&M Master	O&M Pod C	O&M Pod G	

11/10/25	
02/28-11/01/25	
$71,167	
$3,483	
$1,354	
$0	
$0	
$66,330	
$6,792	
$4,871	
$1,357	
11/17/25	11/01-11/06/25	$302,090	$12,084	$5,800	$0	$0	$284,206	$27,398	$18,848	$20,932	
11/21/25	11/07-11/13/25	$564,345	$22,574	$10,835	$0	$0	$530,936	$48,931	$26,759	$73,741	
12/02/25	11/14-11/20/25	$506,108	$20,245	$9,717	$0	$0	$476,146	$45,235	$25,686	$55,133	
12/01/25	Property Appraiser	$0	$0	$0	$167,570	$0	($167,570)	-$14,761	-$8,828	-$26,657	
12/08/25	11/21-11/27/25	$4,814,257	$192,572	$92,434	$0	$0	$4,529,251	$396,906	$257,409	$686,200	
12/12/25	11/28-12/04/25	$512,623	$20,200	$9,848	$0	$0	$482,574	$45,743	$33,065	$39,175	
12/19/25	12/05-12/11/25	$85,099	$2,881	$1,644	$0	$0	$80,574	$7,621	$3,794	$9,269	
12/31/25	12/12-12/18/25	$318,657	$12,285	$6,127	$0	$0	$300,245	$19,969	$3,616	$122,561	
01/06/26	12/19-12/25/25	$33,307	$983	$646	$0	$0	$31,677	$3,184	$2,318	$1,225	
01/09/26	11/02-12/31/25	$109,328	$3,223	$2,122	$0	$0	$103,983	$10,081	$7,916	$4,949	
01/09/26	interest	$0	$0	$0	$0	$4,705	$4,705	$4,705	$0	$0	
01/16/26	01/02-01/08/26	$24,049	$568	$470	$0	$0	$23,012	$2,069	$907	$3,668	
01/26/26	01/09-01/15/26	$37,819	$801	$740	$0	$0	$36,278	$3,383	$3,790	$2,141	
01/30/26	01/16-01/22/26	$11,787	$236	$231	$0	$0	$11,320	$1,210	$226	$0	
02/06/26	01/23-01/29/26	$354,113	$7,127	$6,940	$0	$0	$340,046	$22,354	$2,156	$145,271	
02/13/26	01/30-02/05/26	$28,902	$482	$568	$0	$0	$27,851	$2,559	$1,562	$3,750	
02/23/26	02/06-02/12/26	$214,894	$2,149	$4,255	$0	$0	$208,490	$16,874	$829	$63,760	
02/27/26	02/13-02/19/26	$11,614	$115	$230	$0	$0	$11,269	$1,108	$1,001	$59	
03/06/26	02/20-02/26/26	$20,338	$182	$403	$0	$0	$19,753	$1,980	$648	$1,603	
03/13/26	02/27-03/05/26	$26,496	$193	$526	$0	$0	$25,777	$2,360	$1,328	$4,062	
03/20/26	03/06-03/12/26	$10,903	$23	$340	$0	$0	$10,663	$918	$1,221	$1,093	
03/27/26	03/13-03/19/26	$26,000	$0	$520	$0	$0	$25,480	$2,556	$1,117	$1,184	
TOTALS		$8,083,896	$302,406	$155,753	$167,570	$4,705	$7,462,995	$659,176	$390,239	$1,214,475	
	YTD collected %	96.15%	95.96%	98.53%	
	YTD Gross collected	$709,593	$423,604	$1,313,247	
	YTD Oustanding	$28,450	$17,811	$19,608	

 
Verano #1	Verano #1	
$577,289.00	$684,958.92	
$531,105.88	$630,162.21	
6.89%	8.18%	
Debt Service Fund

Series 2015	Debt Service Fund

Series 2017	

$16,503	
$15,702	
$51,447	$45,765	
$61,530	$73,700	
$37,197	$91,832	
-$11,546	-$13,699	
$243,157	$221,706	
$46,933	$72,221	
$9,924	$16,210	
$3,403	$3,296	
$4,718	$7,305	
$12,679	$15,441	
$0	$0	
$2,244	$2,266	
$2,490	$4,013	
$2,310	$3,592	
$3,438	$5,083	
$2,256	$4,919	
$0	$0	
$2,656	$886	
$2,656	$5,222	
$5,534	$3,186	
$0	$0	
$5,866	$4,648	
$505,395	$583,294	
95.01%	92.48%	
$548,465	$633,434	
$28,824	$51,525	

 
Verano #2	Verano #2	Verano #2	Verano #2	Verano #2	Verano #2	Verano #2	
$396,070.69
$364,385.03	$295,598.32
$271,950.45	$231,531.00
$213,008.52	$234,798.50
$216,014.62	$331,906.29
$305,353.79	$261,498.86
$240,578.95	$737,091.82
$678,124.47	
4.73%	3.53%	2.76%	2.80%	3.96%	3.12%	8.80%	
Debt Service Fund	Debt Service Fund	Service Fund	Debt Service Fund	Debt Service Fund	Debt Service Fund	Debt Service Fund	
Series 2017 Pod A	Series 2017 Pod B	Series 2017 Pod C	Series 2020 Pod C	Series 2020 Pod D	Series 2020 Pod E	Series 2024
Pod D 4,5,6	

$5,556	
$4,146	
$3,248	
$1,898	
$2,683	
$2,114	
$0	
$17,287	$12,902	$10,105	$9,807	$13,863	$10,922	$14,333	
$25,520	$19,046	$14,918	$13,351	$18,873	$14,869	$38,189	
$24,753	$18,473	$14,470	$12,666	$17,904	$14,106	$44,868	
-$7,921	-$5,912	-$4,631	-$4,696	-$6,638	-$5,230	-$14,742	
$233,083	$173,956	$136,253	$135,685	$191,801	$151,114	$494,336	
$32,699	$24,404	$19,115	$15,817	$22,358	$17,615	$49,805	
$2,242	$1,673	$1,310	$2,698	$3,814	$3,005	$7,378	
$2,641	$1,971	$1,544	$2,276	$3,217	$2,535	$2,794	
$1,201	$896	$702	$1,747	$2,470	$1,946	$2,794	
$6,531	$4,874	$3,818	$4,545	$6,425	$5,062	$5,807	
$0	$0	$0	$0	$0	$0	$0	
$812	$606	$475	$483	$683	$538	$3,249	
$3,074	$2,294	$1,797	$2,207	$3,120	$2,458	$3,265	
$408	$305	$239	$0	$0	$0	$1,411	
$936	$699	$547	$1,730	$2,446	$1,927	$0	
$528	$394	$308	$1,342	$1,896	$1,494	$0	
$461	$344	$270	$606	$857	$675	$1,426	
$461	$344	$270	$788	$1,114	$877	$1,649	
$0	$0	$0	$685	$968	$763	$1,426	
$1,362	$1,017	$796	$606	$857	$675	$0	
$1,099	$820	$642	$648	$916	$722	$0	
$1,004	$750	$587	$593	$838	$661	$4,546	
$353,734	$264,001	$206,782	$205,482	$290,465	$228,849	$662,535	
96.96%	96.96%	96.96%	94.99%	94.99%	94.99%	97.58%	
$384,012	$286,598	$224,482	$223,031	$315,272	$248,394	$719,244	
$12,059	$9,000	$7,049	$11,767	$16,634	$13,105	$17,848	

 
Verano #3	Verano #3	
$585,033.54	$755,543.14	
$538,230.86	$695,099.69	
6.98%	9.02%	
Debt Service Fund	Debt Service Fund	
Series 2021 Pod G	Series 2022 Pod G	

$790	
$556	
$9,409	$11,623	
$48,181	$24,432	
$44,323	$9,150	
-$11,701	-$15,111	
$343,082	$342,973	
$17,337	$22,051	
$3,249	$6,154	
$0	$128,563	
$1,170	$0	
$2,340	$2,621	
$0	$0	
$2,364	$1,252	
$0	$2,246	
$0	$0	
$5,545	$146,295	
$1,194	$2,622	
$60,892	$0	
$56	$0	
$1,531	$0	
$2,728	$1,264	
$0	$1,146	
$1,131	$0	
$533,619	$687,837	
98.66%	98.42%	
$577,203	$743,576	
$7,831	$11,967	

 
Verano #4	Verano #4	
$421,195.53	$353,695.60	
$387,499.89	$325,399.95	
5.03%	4.22%	
Debt Service Fund

Series 2023	Debt Service Fund

Series 2025	

$114	
$0	
$9,566	$0	
$28,898	$0	
$20,353	$0	
-$8,424	-$7,074	
$218,497	$303,090	
$24,237	$0	
$2,234	$0	
$1,861	$0	
$0	$0	
$10,895	$0	
$0	$0	
$1,395	$0	
$0	$0	
$1,619	$0	
$1,619	$0	
$3,028	$0	
$46,198	$15,297	
$0	$0	
$2,270	$0	
$0	$0	
$1,438	$0	
$0	$0	
$365,798	$311,313	
93.97%	95.54%	
$395,814	$337,929	
$25,382	$15,767	

 
Total
$8,378,524.64
$7,708,242.67	
100.00%	
Total	

$66,330

$284,206
$530,936

$476,146
-$167,570

$4,529,251

$482,574
$80,574

$300,245

$31,677
$103,983

$4,705
$23,012

$36,278

$11,320
$340,046

$27,851

$208,490
$11,269

$19,753
$25,777

$10,663

$25,480	
$7,462,995	
96.48%	
$8,083,896	
$294,628