Storey Drive Community Development District

Agenda August 20, 2026

Agenda

REVISED AGENDA

August 13, 2026

Storey Drive
Community Development District
219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Storey Drive Community Development District
Dear Board Members:
The meeting of the Board of Supervisors of the Storey Drive Community Development District will be held Thursday, August 20, 2026 at 11:00 a.m. at the offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Organizational Matters
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2027
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2026-03 Electing an Assistant Secretary
Approval of Minutes of the June 18, 2026 Meeting
Ratification of Agreement with Home Land Construction, LLC for Wall Repair Services
Consideration of Aquatic Plant Management Agreement with Applied Aquatic Management, Inc. - Added
Staff Reports
Attorney
Engineer
Presentation of Annual Report
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Discussion of Proposals from Floralawn
Washout Repairs at CDD Wall
CDD Tree Replacements
Other Business
Supervisor’s Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.
Sincerely,
George S. Flint
George S. Flint District Manager
Cc:	Jan Carpenter, District Counsel Stephen Saha, District Engineer
Enclosures

Section III

Section C

RESOLUTION 2026-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT ELECTING 	 AS AN ASSISTANT SECRETARY OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

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

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		 is elected Assistant Secretary.

Section 2.	This Resolution shall become effective immediately upon its adoption.

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

ATTEST:	STOREY	DRIVE	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

Minutes

MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, June 18, 2026, at 11:00 a.m. at the Offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Daryl Morris	Chairman
Sunita Kalpee	Vice Chairman
Erin Majeski by phone	Assistant Secretary
Rob Bonin	Assistant Secretary

Also present were:

George Flint	District Manager
Kristen Trucco by phone	District Counsel
Robert Petillo	LLEB
Steve Saha by phone	District Engineer, Poulos & Bennett
Alan Scheerer	Field Manager
Karly Chambers	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Three Board members were present constituting a quorum and one Board member joining by phone.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: There are no members of the public other than Board members and staff to provide comments.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2027
Mr. Flint: We do have a vacant seat. Is the Board in a position to nominate anyone to that seat at this point?
Mr. Morris: No.
Ms. Kalpee: No.
Mr. Flint: Okay, we will continue to keep that vacant then.

Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2026-03 Electing Assistant Secretary
Mr. Flint: We will defer items A, B, and C under item 3.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the March 19,
2026 Meeting
Mr. Flint: Item four is approval of your March 19, 2026 minutes. Did the Board have any comments or corrections to those minutes?
Mr. Morris: I did not have any changes.

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Minutes of the March 19, 2026 Meeting, were approved as presented.

FIFTH ORDER OF BUSINESS	Public Hearing
Mr. Flint: Next is a public hearing to consider adoption of your Fiscal Year 2027 budget and public hearing to approve the imposition of special assessments related to that. You previously approved a proposed budget, and you set today as the date of the public hearing for its final consideration. The resolution in your agenda includes the attached budget. There are not any significant changes to these. We've updated the actuals for the current year through the end of May. It doesn't contemplate any increases in the per unit assessment amounts. The amounts budgeted are consistent with what you saw when you approved the proposed budget as well.
Mr. Morris: Is there a possibility of postponing this until next Board meeting for the final approval? I want to go over it. I think I have due diligence to do on making sure that the original baseline had some of the lots were under CDD or HOA or vice versa. I'll make sure that they're

consistent in the budget so that the money is funded. Also, there is some programming we want to do for the Del Verde landscape as well as the potential top coating or cell coating for that space that we can control. And I don't believe I added that to this budget.
Mr. Flint: You can always amend the budget. It is a public hearing. There were advertisements that were placed. There are expenses associated with that. There's a legal process. But approving it today, as long as you're not proposing any increases in the assessment level, if we're just talking about adjusting expenditure line items.
Mr. Morris: Yes.
Mr. Flint: You can do that at any time. At a future meeting, you can amend this budget. You would probably be better off as long as the assessments are not changing either up or down. If they were going up, that would be more involved because there's a 30 day notice and it would trigger another process. But if the assessments themselves are not proposed to change, it's just a matter of adjusting the expense line items. You're better off approving it today and then we can amend the budget versus deferring approval.
Mr. Morris: Understood.
Mr. Flint: At any Board meeting, you can consider an amendment to this budget. And also, if an expense line item is exceeded, as long as the total budget is not exceeded, you don't have to do a budget amendment. At the end of the year, if your total expenses exceed your total budget, then you have to amend the budget within 90 days of the fiscal year. You have flexibility in how you handle that. You're not boxing yourself in by approving it today because you have the ability to amend it if you need to.
Mr. Morris: Okay.
Mr. Flint: But if there are issues that we need to address or clarify, we can get together between now and the next meeting and do that. It would be my suggestion, but it’s up to the Board how you want to handle that.
Mr. Morris: With that understanding, we can move forward.
Mr. Flint: Okay, we’ll start with a motion to open the public hearing. Is there a motion to open the hearing?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2026-05 Adopting the Fiscal Year 2027 Budget and Relating to the Annual Appropriations
Mr. Flint: The public hearing is open. For the record, there are no members of the public here to provide comment or testimony, so we'll close the public comment portion. We'll bring it back to the Board. I did introduce Resolution 2026-05, adopting the budget for FY27. That budget is included as Exhibit A of the resolution. Again, there is no proposed change to the per unit assessment amounts. The individual expense line items can be amended at future meetings with no additional hearing or legal requirements associated with that. As long as the total budget doesn't change. Any questions on the resolution or the exhibit? If not, is there a motion to approve Resolution 2026-05?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Resolution 2026-05 Adopting the Fiscal Year 2027 Budget and Relating to the Annual Appropriations, was approved.

Consideration of Resolution 2026-06 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint: The next item is Resolution 2026-06. This is a public hearing to impose the assessments associated with the budget you just approved. There are two attachments to that resolution. One is the budget you just approved, and the second one is the assessment roll that lists each of the lands within the District to be assessed based on the per unit amounts that are in the budget you adopted. Again, there are no members of the public here to provide comment or testimony. We'll bring it back to the Board. Any questions on the Resolution 2026-06? And this is just imposing the O&M assessments that you just approved in the budget with your prior resolution.
Mr. Morris: I have questions on them on the expense side, but on the assessment side, no. Mr. Flint: Okay, if there are no questions, is there a motion to approve Resolution 2026-
06?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Resolution 2026-06 Imposing Special Assessments and Certifying an Assessment Roll, was approved.

Mr. Flint: Is there a motion to close the hearings?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Closing the Public Hearing, was approved.

SIXTH ORDER OF BUSINESS	District Goals and Objectives
Adoption of Fiscal Year 2027 Goals and Objectives
Mr. Flint: Item six is goals and objectives. There was a legislative change a couple years ago that requires special Districts to adopt goals and objectives annually and report on those annually in December. This needs to be done each year. You did it for the current year, that's the second item, item B, the current goals and objectives, which the Board approved last year. They're broken up into three categories. These are goals and objectives that we recommended to the Board that are fairly standard across special Districts and easily measured and achievable. The first is community communication and engagement, and there are three goals under that dealing with public meetings, noticing requirements, and then public records management. We've achieved each of those, so the yes box would be checked on each. Then the second area is infrastructure and facilities maintenance. There are two areas. One is field management and site inspections, and we've achieved and then the second one is the Engineer's annual inspection of the infrastructure, and that's required by the bonds. That will be done, if it hasn't been done already, by the end of this month because it's required to be completed by the end of June. Then under financial transparency and accountability, you have the annual budget preparation. You have the unaudited financial reports that are prepared and included in your agendas. You have the annual audit, independent audit, statutorily required. All of those have been achieved or will be by the end of the month. Then for next fiscal year, we're recommending you keep the same goals and objectives. We've provided the proposed goals and objectives for FY 2027. Are there any questions on those? If not, on the first item, is there a motion to adopt the FY 2027 goals and objectives?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Adopting the Fiscal Year 2027 Goals and Objectives, was approved.

Review and Approval of Fiscal Year 2026 Goals and Objectives and Authorizing Chair to Execute Final Form
Mr. Flint: Under item B, is there a motion to authorize the Chair to execute the form for the FY 2026 goals which will be posted on the District's website?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Authorizing the Chair to Execute the Fiscal Year 2026 Goals and Objectives, was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Consent to Assignment
and Assumption of Agreement for Professional Engineering Services – Added
Mr. Flint: We added item seven; this is a consent to assignment and assumption of the agreement for professional engineering services. The District's Engineer was Poulos & Bennett, and they have been acquired or merged with Pape-Dawson. Their name has changed. The same individuals are involved. This is an assignment and assumption of that agreement for engineering services. It has been placed on your agenda. You could consider approving it, subject to review by Counsel. Kristen, I don't know if you've reviewed that assignment and assumption.
Ms. Trucco: Yes. We generally have. I just want to check back to Poulos’s original contract for this CDD just to make sure there are no edits that we would recommend on it. Like you mentioned I would recommend today a motion to approve subject to staff sign off by the Board, if the Board's comfortable with that.
Mr. Flint: Poulos & Bennett was also the original design Engineer for the project. They've been the District Engineer since the District was created. The same individuals. Steve Saha and those folks are still involved even though the name has changed.
Mr. Morris: Just one clarity question on the account side, the COI is maintained by whom? Mr. Flint: We do.
Mr. Morris: Okay. The termination on this one, it appears it's a 30 day.
Mr. Flint: That is fairly typical. This is an ongoing as needed contract that they bill on an hourly basis based on work authorization. If it's just meeting attendance and that sort of thing, they bill based on their time. If there's a specific project, the Board could approve a work authorization with a not to exceed or hourly or a fixed fee. You have that flexibility under the master agreement.

Mr. Morris: Okay.
Mr. Flint: This is not a significant expense to the District at this point. They attend the monthly meetings. If issues come up with water management District permit or there's on site issues that require the Engineer to review it, we would consult them on those. And you have a line item in your budget to fund these expenses. This is just recognizing that their names changed.
Mr. Morris: This would include like storm drain, sewer. Mr. Flint: Yeah.
Mr. Morris: Any discovery?
Mr. Flint: To the extent an Engineer is needed.
Mr. Morris: I don't think it's in the CDD framework, but within the community there’s a storm drain right now we're managing that situation with.
Mr. Flint: Okay.
Mr. Morris: It's within the apartment parking area. I don't think it's CDD. I just want to confirm that.
Mr. Scheerer: Parking lot.
Mr. Morris: Yeah, it's in building three. The drain line for the A/C is backed up and it's the way that the buildings were constructed is the drain lines go underground and even the best plumbers can't find where they go. Because the storm drain or the sewer line in building three area is higher than the drain line, it's backfilling. It's actually affected building three. All eight apartments on the bottom floor are backed up, and it'll go to two if we don't clear it. We're working with a group to clear right now, but I just want to make sure that's not under the CDD's scope and that's under property scope.
Mr. Flint: We'll look at it, but it sounds like it's the apartment. It's the drain line for the A/C system that's the issue and not the stormwater.
Mr. Scheerer: Yeah.
Mr. Morris: Well, the stormwater. That area is backed up, so there's not a relief for the water that's backed up out of the A/C. At least that's the assessment we received.
Mr. Scheerer: Where’s the stormwater drain? Behind the building in the grass? Or in the parking lot?
Mr. Morris: To my knowledge, it’s in the parking lot, but I can check more. I don’t have the detail.

Mr. Scheerer: We’ll be out there and we’ll go take a look too.
Mr. Morris: I will share with you that buildings four through eight, knowing that this was a concern that buildings one through three, when they had them vertical and they turned them on, Lennar changed the approach to buildings four through eight and they ran the drain line differently. It's like a horseshoe outside.
Mr. Scheerer: It’s got a trap on it.
Mr. Flint: We’ll look into that. We’ll figure out if that’s our issue or not. Any other questions or discussion on the consent to assignment and assumption? If not, is there a motion to approve it, subject to Counsel’s review?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Consent to Assignment and Assumption of Agreement for Professional Engineering Services Subject to Counsel’s Review, was approved.

EIGHTH ORDER OF BUSINESS	Appointment of Audit Committee and
Chairman
Mr. Flint: Item eight is appointment of an Audit Committee and Chair. The District is required to have an annual independent audit. I think the District selected an auditor previously that the time has run out. I think it was initially for three years, could have been five. But it's time to go through that selection process again. The statutes require that the Board appoint an Audit Committee. The role of the Audit Committee is just to approve the form of the notice, the selection criteria and then evaluate the responses. Then the Board would make the final decision. In the past, the Board has appointed themselves as the Audit Committee. And our recommendation would be that you consider appointing yourself as the Audit Committee. We have a meeting advertised right after this meeting. It would be a five minute meeting to approve the RFP and selection criteria so we can get it advertised. The motion would just be to appoint the Board as the Audit Committee. Then as part of that motion, designate one of the Board members as the Chair of the Audit Committee. You're not auditing anything; you're just reviewing the audit responses and selecting for the audits.
Mr. Morris: Motion to appoint.
Mr. Flint: And Sunita would be the Chair? Mr. Morris: Yes, please.

On MOTION by Mr. Morris, seconded by Mr. Bonin, with all in favor, Appointing the Board as the Audit Committee and Sunita Kalpee as the Chairman, was approved.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Discussion of Exterior Wall Ownership
Mr. Flint: I asked that the exterior wall ownership issue be put under the attorney's report because we still need to resolve the fact that two sides of the community still need to be conveyed to the CDD. The plat inadvertently designated them as owned by the HOA. And the CDD, we're ensuring and maintaining the wall all the way around the exterior. But we've got two sides of the community that were not properly designated as the CDD. There needs to be something prepared to convey that to the District.
Ms. Trucco: Yes, we agree. And we have a set of conveyance documents anytime we do conveyances from any entity. In this case, like George mentioned, the original plat states that those tracts will be owned and maintained by the association. We do have a short form declaration of change of the plat designations that we’ll have Lennar in this case sign since they were the original declarant on the plat. We'll go through that process. We'll have a resolution for you to formally approve that conveyance at the next Board meeting or ratify it. But you know, right now we're just confirming the specific tracks that need to come over to the CDD and then we'll bring back a formal resolution for you to approve that.
Mr. Flint: Any discussion or objection?
Mr. Morris: I was wanting it to move. We’ve had it on the agenda a few times and I thought it was done actually.
Mr. Flint: As long as there is no objection, then we’ll move forward.
Mr. Morris: Does that also play into the deterioration around that area around those walls?
Because the north and east walls were where our concerns were.
Mr. Scheerer: Yeah. I believe it's Tract OS Eight that goes around from Vanguard all the way back to the pedestrian bridge, which is the tract in question. We have identified several times that the cause of the erosion on the backside of that wall is coming from the units because it's getting underneath the wall and it's eroding the tract behind the wall on the C2 and C3 canal. And

we identified a couple of those areas that the problem needs to be fixed on the condo side before it can be fixed on the canal side.
Mr. Flint: It's a sheet flow of the water from the condos toward that wall that's undermining the wall.
Mr. Scheerer: Yeah, when they're draining the pools or the gutters are all facing that way whenever it rains, it ends up getting underneath the rock and it just creates a little channel. Right now, we're string trimming those areas as opposed to, we should be able to just take a 50 inch and go all the way around that thing with no problem, but we've got several voids that we're avoiding right now.
Mr. Flint: But that area is not the area that's subject to the ownership, is it? Mr. Scheerer: Yeah, it is.
Mr. Flint: Okay.
Mr. Scheerer: Yeah, that's on the pedestrian bridge side. That's where a majority of that erosion is coming from. And that's part of that tract that's currently in the name of the HOA.
Mr. Morris: On the eight foot section? Mr. Scheerer: Yeah.
Mr. Morris: Outside the gate?
Mr. Scheerer: Yeah. If you're heading to the pedestrian bridge and you go out and you turn right, all that tract is currently in the name of the HOA. And that's where a lot of the erosion is coming from.
Mr. Morris: That’s where a lot of the erosion is. Because that area in the past, it wasn't a concern. It was actually the northeast corner of the top on the north side and then on the east side, effectively about halfway down, that was where most erosion occurred. But we had additional erosion that I observed. But the erosion that I saw the first time that Lennar fixed it actually was between units, and they weren't even occupied, so we didn't have any pool activity at that time.
Mr. Scheerer: Rainwater runoff, gutters facing the wall, all that stuff has a direct impact on which way the water goes. I know right now Floralawn is doing their best. They're mowing back behind the entire thing, which is what they were given on their ownership map and they're just having to weed stream trim around the eroded areas.
Mr. Morris: Okay.

Mr. Scheerer: We’ve got to get on that and get it fixed on the opposite side of the wall, and then we can fix it on the canal side because that's where a lot of those problems are. Doesn't really pose a problem for the condo side as much as it does on the canal side because it's a safety hazard now.
Mr. Morris: Okay.
Mr. Scheerer: We'll look at that. Karly and I will do a walk, and we'll mark up the map. Everybody can see where it's at. But I'm sure I've got some of my old documents that we had originally when we started having this issue when Cherrylake was there, and then Floralawn identified some as well.
Mr. Flint: Anything else under attorney's report?
Mr. Petillo: No further updates from us. We'll make sure to have the resolution approval for the next meeting.
Mr. Morris: It may be a soft line, but it leads me to believe that there's a drainage issue that Lennar should have anticipated based on the slope and the design.
Mr. Scheerer: Yeah.
Mr. Morris: I'm not saying you're wrong at all. Mr. Scheerer: And I’m not saying I’m right.
Mr. Morris: There are other areas of the resort where they didn't anticipate the drainage or runoff. And there's an example by pond 3. I don't know if you know what I’m talking about it, but we're anticipating putting a French drain in at our expense. And that may be a CDD location that falls under this budget versus our budget, and that's why part of our budget.
Mr. Scheerer: Pond three is in the middle of the high rises, right? Mr. Morris: Yes.
Mr. Scheerer: It’s the only thing we have is the pond.
Mr. Morris: Right along the sidewalk section that floods on both sides on the backside or on the east side of Aqua Bay. The only way to minimize any flooding during heavy downpour is to effectively French drain it or redo the landscape. French drain is probably the least expensive, but it's expensive. I don't know if that would carry into this budget. If Lennar’s going to walk away and say, “that's not on us.”
Mr. Scheerer: They can certainly look at it, and I'll be happy to document it. If I don't feel I have the appropriate answer, I can talk to him.

Mr. Morris: When you're out there, let’s walk it. I already got a bid from Floralawn. I can even show that to you.
Mr. Scheerer: I believe there’s big box drains in and around that area, which as long as the drains aren't flooded, clogged around that sidewalk, I think there's a, I don't know which building number, it may be where we get our access to go check the timer for the fountain, there's a giant box culvert right there in the grass. That's to probably take a lot of that water off the sidewalk and common areas. It drains into that, shoots it into your pond. But let's meet up next week.
Mr. Morris: On the north side of where I’m speaking, on that sidewalk, it’s about 40 feet that floods and on the other side it’s about 25 feet that floods. It is a good three or four inches worth of water.
Mr. Bonin: Next week, if you’re going to make it out there. Pin drop me the precise location we’re talking about, and I’ll try to meet you there.
Mr. Scheerer: We’ll give you a couple days’ notice when we’re planning to go out.

Engineer
Mr. Flint: Stephen, anything for the Board?
Mr. Saha: Yeah, I have done the inspection. I just need to finalize that report. I know there were some open ended items for the erosion around the wall. I'll just make note of that on the report, but I'll have that wrapped up next week.
Mr. Flint: Okay.
Mr. Saha: Then also we had submitted the ownership and maintenance transfers to the District for all the stormwater permits, transferring those to the CDD. Those are in process. I know there were a few certain things with ownership and who was listed on the permit that were creating some hiccups for the Water Management District accepting those. But we're working through those and working to get that permit officially transferred to the CDD for each of the Water Management District permits.

District Manager’s Report
Approval of Check Register
Mr. Flint: Under District Manager's report, you have approval of the check register. This is from March 1, 2026 through May 31, 2026. For the general fund and Board compensation it totals $57,356.49. The detail is behind the summary. Wherever you see Storey Drive CDD care of

US bank that is just moving the debt service assessment revenue from the general fund to the trustee. We get one check from the tax collector and then we have to move the debt service assessment revenue to the trustee. There's a couple of those, I think. Any questions on the check register?
Mr. Morris: No.

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Check Register was approved.

Balance Sheet and Income Statement
Mr. Flint: You also have the unaudited financials through the end of May. There's no action required by the Board, but if you have any questions, we can discuss those. We were fully collected on our assessments. Our administrative expenses, our actuals are under our prorated budget, and our O&M actuals are under our prorated. Any questions on the financials?
Mr. Morris: No questions.

Presentation of Number of Registered Voters – 0
Mr. Flint: Presentation of number of registered voters. Each year we have to announce the number of registered voters as of April 15. You can see there are currently zero.

Approval of Fiscal Year 2027 Meeting Schedule
Mr. Flint: Each year you approve an annual meeting schedule. We have a meeting schedule that shows you continuing to meet monthly on the third Thursday at 11:00 a.m. in this location. We could reduce the frequency if you wanted to, or we can keep it monthly. Right now, we're just canceling if there's no business. You could choose to advertise six meetings a year versus 12.
Mr. Morris: I think six would be sufficient.
Mr. Flint: Okay. If we did six, my recommendation would probably be November. You're going to want to do March and July for budget and then probably September. I'd say November, January, March and July. That's four. November, January, March, July, September.
Mr. Morris: August might be a better month than July. Mr. Flint: Okay.
Mr. Morris: If that is possible.

Mr. Flint: Then we’ll switch April and August because that would be the budget. Mr. Morris: Okay.
Mr. Flint: We did March, July this year. If we're going to do August, then we would probably do April, August or May. May, August. Let’s see, November, January, March, May, August and September.
Mr. Morris: Sounds good.
Mr. Flint: We'll modify the notice then for November, January, March, May, August, and September. I'm sure I butchered that schedule somehow. We'll go back and amend it later if we need to. Is there a motion to approve that?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Fiscal Year 2027 Meeting Schedule with Meetings in November, January, March, May, August, and September, was approved.

Form 1 Filing Deadline Reminder – Due July 1st
Mr. Flint: Just a reminder, each year you're required to file your Form 1, Statement of Financial Interest, by July 1. You should have gotten an email.
Mr. Morris: I believe I accomplished both, the ethics and the Form 1. Ms. Kalpee: I didn’t get my reminder.
Mr. Flint: I’ll have staff check on that. It is due by July 1. There is a grace period, but after the grace period is over, you would be subject to $25 a day. The grace period goes through September. But we’ll check to make sure the status of yours.
Mr. Bonin: And now when you log on it, it shows you what Boards you’re on, right?
Mr. Flint: Yeah, it shows you what Boards you're on. You can add additional Boards. And it also allows you to populate it with the prior year, so you don't have to start over if you filed it in a prior year.
Mr. Bonin: Yeah. It’s a little easier now.

Presentation of Arbitrage Rebate Report for the Series 2022 Bonds
Mr. Flint: The IRS requires us to demonstrate we're not earning more interest than we're paying. In order to do that, you've retained AMTEC. They do an annual calculation. It's $450 a year. And you can see the report shows a negative rebateable arbitrage of $205,626. There's no

arbitrage issues. If there's any questions on the report, I can try to answer those. Otherwise, I would just ask for a motion to accept the report.

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, Accepting the Arbitrage Rebate Report for the Series 2022 Bonds, was approved.

Field Manager’s Report
Mr. Flint: Field Manager’s report, Alan.
Mr. Scheerer: Thank you. We talked briefly about the hole in the wall off of Vanguard. Karly has worked to get a couple of different proposals that we're going to be submitting to insurance. We've handed those out to you folks to take a look at. Karly, if you want to go through them, that'd be great.
Ms. Chambers: Our first proposal is for $32,662.97. This is by Permacast, which is the original installer of the wall. They are on the second page there. It will show you their breakdown for everything. It's pretty standard for this one. Luckily the columns did not take damage, so it should be a relatively easy one-day repair and then paint. The second proposal is Homeland for
$25,995. They are also an installer of walls. It’s the same situation. They're able to just guide that panel in and then it is the aluminum on top that is going to be custom built essentially for it. They have that breakdown for both as well as their profit margins for clarity. I can recommend both. It is up to the Board's discussion on the final decision, of course. And this will be going through insurance.
Mr. Scheerer: There is a deductible on our end going through insurance, but that should be recovered from the driver that hit the wall. It's a $2,500 deductible that the CDD has on their insurance. Yeah, it looks like it's just about under a 10% profit margin or somewhere in there based on the overall total of the job, both contractors, a couple three grand.
Mr. Morris: I would recommend Homeland versus Permacast.
Mr. Flint: Okay, is there a motion to select Homeland? We'll process it through the insurance. We'll provide the insurer both of the quotes. I'm sure they're going to be comfortable with the low bid because they're ultimately funding it and we'll seek the deductible through the driver's insurance, or our insurer will seek the deductible.
Mr. Morris: As long as the Permacast wall is identical.

Ms. Chambers: Yeah. There it's a standard concrete poured wall. There's even a possibility that Homeland is getting the physical wall from Permacast because Permacast is a provider, but it's pretty standard.
Mr. Flint: Is there a motion to approve that?

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Proposal from Homeland to Repair the Wall off of Vanguard was approved.

Mr. Scheerer: I know that we had talked about getting the split rail fence painted out front along Del Verde. Karly reached out to KCK Construction Group, which Daryl, I think I gave you a copy and Rob. Their price was $4,938 and that does not include any other repairs. We would have to make those repairs. Whereas Modern Painting and Home Improvement provided us a quote for $5,180. Light pressure wash, scrape the loose paint, light sand, wood replacement where needed, remove loose nails and fix up, spot primer, one coat, finish paint, Sherwin Williams, Tricon Black. I think that’s more inclusive as far as the work goes. I think we can absorb it in the general fund and get it done upon approval by this Board, unless the Board has questions or the District manager has any questions.

On MOTION by Mr. Morris, seconded by Ms. Kalpee, with all in favor, the Proposal from Modern Painting for Painting of Fence, was approved.

Mr. Scheerer: We do apologize for these not getting into the agenda in advance of the meeting. Thank you for your patience and reviewing these two items today. Thank you.
Mr. Morris: Did they happen to give a timeline?
Mr. Scheerer: I don’t think we have a timeline right now. We need an approval and then I can shoot that over to you.
Mr. Morris: And then again, what we would want to do with that is photograph the results in case there's future damage by the landscaping group or guests for that matter.
Mr. Scheerer: We’ll do a pre-meeting with the contractor, and we’ll photo document the current site conditions prior to. Then, we can photo document everything post. Then we'll have a side audit pro or some type of a document like that that tracks all the photographs.

Mr. Morris: That’s fine. I used that one time. Mr. Scheerer: I do it all the time.
Mr. Morris: We use our own proprietary, not proprietary, but it's called Hopper. We document everything in every unit. We can also go behind and do our own records or upload yours.
Mr. Scheerer: And unless you have any questions for Karly and I, we'll definitely be out there next week. We'd already visited the site prior to the Board meeting. Not today, another day. But we will be out there, and we'll contact Rob and if he can't make it, we'll follow that direction and take some photos and drop some pins so everybody's on the same spot. We'll double check the walls on the outside of C2, C3 canal.
Mr. Morris: Great. Mr. Scheerer: Okay.
Mr. Morris: The only thing I have relative in that space is the approach we're taking with landscape throughout the resort. We're going to be putting a decent investment around the entire resort. Some of that would also be on Del Verde, the islands.
Mr. Scheerer: Yeah.
Mr. Morris: Those fall under CDD, just for clarity. And even, possibly anything on the sides, trees or otherwise. From a budget perspective, I want to know what, I think we talked about it in the prior meeting, but what funding is available in that or how we need to approach that. Because we'll want to allocate that part of the project to the CDD budget.
Mr. Flint: Okay. Do you have bids for it?
Mr. Morris: I have bids from one provider. They have a group called EDSA has another bid that they're working on. They're working on the master program. It's been dragging, so we're trying to ask them to advance it as quick as possible. But I should have them shortly and I can get the bids and circulate it.
Mr. Flint: Yeah, if you can provide the cost, we can look at the fund balances and see.
What's your timeline?
Mr. Morris: It's a great question. I'm anticipating August or September. I don't think we're going to do it during our peak season. I think it's August or September that we're going to perform these. The follow up to that isn't part of the project, but the existing palms around Lake One.
Mr. Scheerer: We’ve got a handful. Mr. Morris: That are dead.

Mr. Scheerer: Yeah. I’ve already got numbers from Floralawn. Mr. Morris: Okay.
Mr. Scheerer: We're going to review those in the field because when we were out, we have a couple on two, towards the pedestrian bridge there. Some of them have already been cut. Trying to work within the confines of the budget. Most of these are going to end up being a flush cut unless we can replace them because they put about 10,000 palm trees around four ponds out there. It may not be something that we need to replace right away but can replace the in the future. Unless you have a different approach to that. I just think as expensive as they are.
Mr. Morris: It may require a different approach with this project that we’re doing. Flush cut temporarily, to resolve the dead tree.

TENTH ORDER OF BUSINESS	Other Business
Mr. Flint: Any other discussion or Supervisor requests?
Mr. Morris: Irrigation. There's no separate irrigation than the main? Correct. Mr. Scheerer: Correct.
Mr. Morris: It's all tied into one. Mr. Scheerer: Correct.
Mr. Morris: So billing is under HOA? Mr. Scheerer: Yes, HOA.
Mr. Morris: Are there any meters that are CDD that you recall that are under CDD? Mr. Scheerer: Yes.
Mr. Morris: Okay, because we went through and in the transfer of accounts, many of them were missed. And so, we were going back and finding backflows that we hadn't paid. And actually, the electric bill associated with the gate on the emergency egress gate, that we lost power and we didn't know why. Well, when the account was transferred, we didn't really.
Mr. Scheerer: Oh. I got you.
Mr. Morris: But it wasn’t CDD. I’m just confirming none of those are CDD.
Mr. Scheerer: No, the only ones that were transferred are the electric meters that we can find for the fountains.
Mr. Morris: Yeah.

Mr. Scheerer: Yeah. You know the other ones inside the aquatic area, so I have no idea.
That meter controls all your aquatic equipment too.
Mr. Flint: And we have been budgeting for irrigation. Mr. Scheerer: Electrical.
Mr. Flint: Well, yeah, we're budgeting for electrical and irrigation to the extent there's going to be an allocation of those irrigation costs to the CDD. We do have a budgeted amount for that.
Mr. Morris: Is it $3,500?
Mr. Flint: No, it's $10,000 for irrigation. And then electric, we've got electric budgeted for the fountains. It's usually about $500, $600.
Mr. Scheerer: $500, $600 a month.
Mr. Flint: A month per fountain on the electric. We have the funds available for that. If there's a desire to want to allocate a portion of those irrigation costs to the CDD, we would just need to work on that and then probably enter into an agreement between the resort and the CDD. Or I guess the HOA doesn't exist or won't exist, whatever entity, we would have an agreement between that would define how those costs are allocated.
Mr. Morris: Yeah. We’ll work on that. The HOA was dissolved. Mr. Flint: Okay.
Mr. Scheerer: Before you get into your Audit Committee, that brings up an interesting point. The Villatel Orlando sign that’s out front. Is that something you all are maintaining?
Mr. Morris: Yeah.
Mr. Scheerer: Because at one time it, I think it actually said, “Storey Drive.” And there were going to be lights on there or backlit 3D lettering. I’m not sure.
Mr. Morris: There's been a lot of. I don't even know where that sits, to be honest. And I'll have to do some discovery. We're going through as of Tuesday of next week, we're modifying our name to Villatel Resort Orlando. That’s actually a good call out versus Villatel Orlando Resort. Our entity is the same. Our branding is shifting; our signage will be shifting over time. That one is not going to be changed right away. Our ideal was not approved by the city, which was more of an overhead, I should come in. It’s probably because it's a shared set of plots and those ones on the left would be impacted. It's a good call out. I'll have to see where any signage modifications are being requested for that location. Because as of right now, that's not changing.

Mr. Flint: Probably to try to clean that up, we’ll need some sort or license agreement between the CDD and the resort because that’s on CDD right of way. I mean this Board will be approving it. But it's one of those boxes that we would want to check. There would just be a license agreement allowing the resort to have the sign there and obligating you to maintain it so that it's clear it's not the CDD that's maintaining it.
Mr. Scheerer: That little right of way tract right there behind the wall and the canal, that’s

CDD.

Mr. Morris: Okay.
Mr. Scheerer: Yeah. We maintain that.
Ms. Trucco: This is Kristen just interjecting one last time. I think it would be helpful.

There's been a number of things that have been raised for working together with the association on. I want to propose maybe a call, a group call with one of the Supervisors, GMS and myself and Robert. We can go through some of those things; make sure they're documented. Make sure we get all of this in writing as far as license agreements, conveyance documents, that kind of thing, cost sharing, etc. Would the Board be up for that?
Mr. Flint: Yeah
Mr. Morris: Yeah. It makes sense.

ELEVENTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Adjournment
Mr. Flint: Anything else on the Board meeting? If not, is there a motion to adjourn the Board meeting and then we'll hold the audit committee.
Mr. Morris: Motion to adjourn. Ms. Kalpee: Second.

On MOTION by Mr. Morris, seconded by Ms. Kalpee with all in favor, the meeting was adjourned.

	
Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

AGREEMENT FOR WALL REPAIR SERVICES
(Storey Drive Community Development District)

THIS AGREEMENT FOR WALL REPAIR SERVICES (“Agreement”), effective as
of the	5th	day of August, 2026 (the “Effective Date”), between the STOREY DRIVE

COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a
local unit of special purpose government created under Chapter 190, Florida Statutes, whose mailing address is c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and HOME LAND CONSTRUCTION LLC, a Florida limited liability company (hereinafter referred to as “Contractor”), whose principal address is 289 Seminole Avenue, Lake Mary, Florida 32746.

W I T N E S S E T H:

Subject to and upon the terms and conditions of this Agreement and in consideration of the mutual promises set forth herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the District and Contractor agree as follows:
DEFINITIONS.
Agreement. The Agreement consists of: (i) this Agreement for Wall Repair Services; and (ii) the Contractor’s Estimate No. 1267, dated June 17, 2026 attached hereto as Exhibit “A” (the “Proposal”). The Agreement represents the entire and integrated Agreement between the parties hereto and supersedes all prior negotiations, representation, or agreements, either written or oral. The Agreement may be amended or modified only as set forth below in Paragraph 14. In the event of any conflict between the terms herein and term(s) in the Proposal, the terms herein shall prevail.

Services. The term “Services” as used in this Agreement shall be construed to include all activities and services set forth in the Proposal and all obligations of Contractor under this Agreement, including any addenda or special conditions.

SCOPE OF WORK.

A description of the nature, scope, location and schedule of the Services to be performed by Contractor under this Agreement shall be as described in the Proposal. The area to be included under this Agreement may be amended by the mutual consent of the District and the Contractor.

COMMENCEMENT OF SERVICES AND TERM. Contractor shall commence the Services on the Effective Date and shall perform same in accordance with the terms herein, including the Proposal, until completion, and as determined by the sole reasonable satisfaction of the District.

DISTRICT MANAGER.

The District’s authorized representative (herein referred to as the “District Manager”) shall be the District Manager of the District, which is Governmental Management Services – Central Florida, LLC, whose mailing address is 219 E. Livingston Street, Orlando, Florida, 32801, Attention: George Flint; provided, however, that the District may, without liability to the Contractor, unilaterally amend this Paragraph from time to time by designating a different person or organization to act as its representative and so advising the Contractor in writing, at which time the person or organization so designated shall be the District’s representative for the purpose of this Agreement.

All actions to be taken by, all approvals, notices, consent, directions and instruction to be given by, all notices and other matters to be delivered to, all determinations and decisions to be made by and, in general, all other action to be taken by, or given to, the District shall be taken, given, and made by, or delivered or given to the District Manager in the name of and on behalf of the District, provided, however, that the District (and not the District Manager or any other agents of the District) shall be solely obligated to the Contractor for all sums required to be paid by the District to the Contractor hereunder.

COMPENSATION, PAYMENTS AND INSPECTION RIGHTS PRIOR TO FINAL PAYMENT.

The District agrees to pay the Contractor $25,995 for the Services specified in the Proposal. Payment by the District shall not be construed as a waiver of any right, remedy or recourse available to the District. The District shall have the right to withhold payment in the event the Services are not satisfactory to the District (in the District’s sole discretion).

Work Authorizations shall mean orders or directives issued by the District. Work Authorizations shall be issued for repairs or emergency services, changes to the scope of the area in which services are required, or for any services beyond those set forth in Paragraph 2. Services performed under a Work Authorization may be paid either on a lump sum basis, a unit price basis, or a time and material basis in the District’s sole discretion. Contractor shall not be entitled to compensation for Services outside the scope of Paragraph 2 unless Contractor has obtained prior written authorization of District to perform the same.

District retains the right to reduce any portion of Contractor’s Scope of Services as set forth in Paragraph 2. Should this occur, a revised Scope of Services will be agreed upon in writing by both District and Contractor.

REPRESENTATIONS, WARRANTIES AND COVENANTS.

Contractor hereby represents to District that: (i) it has the experience, qualifications and skill to perform the Services as set forth in this Agreement; (ii) it is duly licensed and permitted to observe and perform the terms, covenants, conditions and other provisions on its part to be observed or performed under this Agreement; (iii) has the necessary

equipment, materials and inventory required to perform the Services as set forth in this Agreement; (iv) it has by careful examination satisfied itself as to: (a) the nature, location and character of the area in which the Services are to be performed including, without limitation, the surface conditions of the land and all structures and obstructions thereon, both natural and manmade, the surface water conditions of the area, and to the extent pertinent, all other conditions, and (b) all other matters or things which could in any manner affect the performance of the Services.

The Contractor warrants to the District that all materials furnished under this Agreement shall be new unless otherwise specified, and that all Services shall be of good quality, free from faults and defects and in conformance with the Agreement documents.

EMPLOYEES; INDEPENDENT CONTRACTOR STATUS.

All matters pertaining to the employment, supervision, compensation, insurance, promotion, and discharge of any employees of Contractor or of entities retained by Contractor are the sole responsibility of Contractor. Contractor shall fully comply with all applicable acts and regulations having to do with workman’s compensation, social security, unemployment insurance, hours of labor, wages, working conditions and other employer-employee related subjects. Contractor shall obtain, for each individual Contractor employs on the District’s premises at any time, a criminal background check performed by an appropriate federal or state agency, or by a professional and licensed private investigator, and shall make, based on the results of such background checks, employment suitability determinations for each employee that are reasonable and customary within the Contractor’s industry. Contractor shall maintain copies of said background checks on file so long as the subject individual(s) remains in Contractor’s employ, and Contractor shall make all background checks available for District’s review upon request. Contractor shall enforce strict discipline and good order among its employees on the District’s premises. Contractor shall comply with all requirements of the E-Verify System as set forth in Paragraph 18.

Contractor is an independent contractor and not an employee of the District. It is further acknowledged that nothing herein shall be deemed to create or establish a partnership or joint venture between the District and Contractor. Contractor has no authority to enter into any contracts or contracts, whether oral or written, on behalf of the District.

COMPLIANCE WITH LAWS, REGULATIONS, RULES AND POLICIES.

At all times, Contractor shall operate in accordance with all applicable laws, statutes, regulations, rules, ordinances, policies, permits and orders. Contractor is responsible for obtaining all permits or other approvals required for the Services.

Contractor hereby covenants and agrees to comply with all of the rules, ordinances and regulations of governmental authorities wherein the District’s facilities are located, as said rules, etc. may specifically relate to Contractor or its Services provided hereunder, at Contractor’s sole cost and expense, and Contractor will take such action as may be necessary to comply with any and all notices, orders or other requirements affecting the Services

described herein as may be issued by any governmental agency having jurisdiction over Contractor, unless specifically instructed by the District that it intends to contest such orders or requirements and that Contractor shall not comply with the same. Contractor shall provide immediate notice to the District of any such orders or requirements upon receipt of same.

The District is a local unit of special purpose government created in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes. Contractor agrees to comply with all applicable requirements of the “Sunshine Law,” the “Public Records Law,” the Community Development Districts Law, and all other statutes and regulations applicable to Contractor.

WORKPLACE ENVIRONMENT AND PUBLIC SAFETY.

Contractor agrees to provide a safe and healthy workplace environment for its employees and agents and a safe and healthy environment for the public at all times. Contractor shall promptly correct any unsafe condition or health hazard in its control and shall immediately report any such condition to the District. In addition to all other requirements of this Agreement, Contractor shall comply with all federal, state and local laws and regulations related to health and safety. Further, Contractor acknowledges that all vehicles and equipment must be properly and safely operated and, where applicable, licensed and/or permitted, to operate on public roadways. Contractor acknowledges that it is responsible for public safety issues including but not limited to: proper work methods, use of protective equipment, safe maintenance, traffic control through work zones, and handling and use of materials, vehicles, and equipment.

The Contractor agrees that it alone bears the responsibility for providing a safe and healthy workplace, and that nothing in this Agreement suggests that the District has undertaken or assumed any part of that responsibility.

Contractor shall, prior to performing any of the Services, provide employees with training to perform their jobs safely, including instruction in proper work methods, use of protective equipment, and safe maintenance, handling and use of materials, vehicles, and equipment. Contractor will not ask or allow any employee to operate any vehicle or equipment until the employee has received all relevant and advisable training. Contractor shall assure that all employees are licensed and/or have all applicable permits, necessary to perform the Services.

Contractor will furnish, at its expense, all safety and protective equipment required or advisable for the protection of employees.

PUBLIC RECORDS AND OWNERSHIP OF BOOKS AND RECORDS.

Contractor understands and agrees that all documents of any kind relating to this Agreement may be public records and, accordingly, Contractor agrees to comply with all applicable provisions of Florida public records law, including but not limited to the provisions of Chapter 119, Florida Statutes. Contractor acknowledges and agrees that the public records

custodian of the District is the District Manager, which is currently Governmental Management Services - Central Florida, LLC (the “Public Records Custodian”). Contractor shall, to the extent applicable by law:

services;

Keep and maintain public records required by District to perform

Upon request by District, provide District with the requested public

records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes;

Ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the Agreement term and following the Agreement term if the Contractor does not transfer the records to the Public Records Custodian of the District; and

Upon completion of the Agreement, transfer to District, at no cost, all public records in District’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE DISTRICT’S CUSTODIAN OF PUBLIC RECORDS AT (407-841-5524), OR BY EMAIL AT GFLINT@GMSCFL.COM, OR BY REGULAR MAIL AT 219 E. LIVINGSTON STREET, ORLANDO, FLORIDA 32801, ATTENTION: DISTRICT PUBLIC RECORDS CUSTODIAN.
INSURANCE.

Contractor shall, throughout the performance of its services pursuant to this Agreement, maintain at a minimum:

Occurrence based comprehensive general liability insurance (including broad form contractual coverage), with a minimum limit of $1,000,000 single limit per occurrence, protecting it and District from claims for bodily injury (including death), property damage, contractual liability, products liability and personal injury which may arise from or in connection with the performance of Contractor’s services under this Agreement or from or out of any act or omission of Contractor, its officers, directors, agents, and employees;

Occurrence based automobile liability insurance including bodily injury and property damage, including all vehicles owned, leased, hired and non-owned vehicles with limits of not less than $1,000,000.00 combined single limit covering all work performed hereunder;

Workers' compensation insurance as required by applicable law (or employer's liability insurance with respect to any employee not covered by workers' compensation) with minimum limits of $100,000 per occurrence; and

Employers’	liability,	with	a	minimum	coverage	level	of
$1,000,000.

All such insurance required in Paragraph 11(a) shall be with companies and on forms acceptable to District and shall provide that the coverage thereunder may not be reduced or canceled unless thirty (30) days prior written notice thereof is furnished to District; the insurance required under paragraph 11(a)(i) shall name the District as an additional insured. Certificates of insurance (and copies of all policies, if required by the District) shall be furnished to the District. In the event of any cancellation or reduction of coverage, Contractor shall obtain substitute coverage as required under this Agreement, without any lapse of coverage to District whatsoever.

SOVEREIGN IMMUNITY. Nothing contained herein, or in the Agreement shall cause or be construed as a waiver of the District’s immunity or limitations on liability granted pursuant to 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 could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

INDEMNIFICATION Contractor agrees to indemnify, save harmless and defend the District, its officers, directors, board members, employees, agents and assigns, from and against any and all liabilities, claims, penalties, forfeitures, suits, legal or administrative proceedings, demands, fines, punitive damages, losses, liabilities and interests, and any and all costs and expenses incident thereto (including costs of defense, settlement and reasonable attorneys' fees, which shall include fees incurred in any administrative, judicial or appellate proceeding) which the District, their officers, directors, board members, employees, agents and assigns, may hereafter incur, become responsible for or pay out to the extent arising out of (i) Contractor’s (or its agents, employees or subcontractors) breach of any term or provision of this Agreement, or (ii) any negligent or intentional act or omission of Contractor, its agents, employees or subcontractors, related to or in the performance of this Agreement.

MODIFICATIONS, ADDITIONS OR DELETIONS TO THE SERVICES.

A Work Authorization shall be in writing by the District, which shall consist of additions, deletions or other modifications to the Agreement.

The District may, from time to time, without affecting the validity of the Agreement, or any term or condition thereof, issue Work Authorizations which may identify additional or revised Scope of Services, or other written instructions and orders, which shall be governed by the provisions of the Agreement. The Contractor shall comply with all such orders and instructions issued by the District. Upon receipt of any Work Authorization, the Contractor shall promptly proceed with the work, and the resultant decrease or increase in the amount to be

paid the Contractor, if any, shall be governed by the provisions of Paragraph 5 in this Agreement.

PROTECTION OF PERSONS AND PROPERTY; MONITORING.

In addition to all other requirements hereunder, the Contractor shall be responsible for initiating, maintaining and supervising safety precautions and programs in connection with the Services, and shall provide all protection to prevent injury to persons involved in any way in the Services and all other persons, including, without limitation, the employees, agents guests, visitors, invitees and licensees of the District and community residents, tenants, and the general public that may be affected thereby.

All Services, whether performed by the Contractor, its Subcontractors, or anyone directly or indirectly employed by any of them, and all applicable equipment, machinery, materials, tools and like items used in the Services, shall be in compliance with, and conform to:
(i) all applicable laws, ordinances, rules, regulations and orders of any public, quasi-public or other governmental authority; and (ii) all codes, rules, regulations and requirements of the District and its insurance carriers relating thereto. In the event of conflicting requirements, the more stringent shall govern.

The Contractor shall at all times keep the general area in which the Services are to be performed, including but not limited to sidewalks, roadways, trails, rights-of-way, open spaces, and all such areas impacted by the Services, clean and free from accumulation of waste materials or rubbish (including, without limitation, hazardous waste), caused by performance of the Services, and shall continuously throughout performance of the Services, remove and dispose of all such materials. The District may require the Contractor to comply with such standards, means and methods of cleanup, removal or disposal as the District may make known to the Contractor. In the event the Contractor fails to keep the general area in which the Services are to be performed clean and free from such waste or rubbish, or to comply with such standards, means and methods, the District may take such action and offset any and all costs or expenses of whatever nature paid or incurred by the District in undertaking such action against any sums then or thereafter due to the Contractor.

Contractor shall cooperate with and participate in, at no additional cost or charge, all programs, plans or routines for monitoring and reporting to District, as required in the sole discretion of the District, to ensure satisfactory performance of the Services provided hereunder.

SUSPENSION OR TERMINATION.

Anything in this Agreement to the contrary notwithstanding, District shall, in its sole discretion and without cause, have the right to suspend or terminate this Agreement upon thirty (30) days prior written notice to Contractor.

If the Contractor should become insolvent, file any bankruptcy proceedings, make a general assignment for the benefit of creditors, suffer or allow appointment

of a receiver, refuse, fail or be unable to make prompt payment to Subcontractors, disregard applicable laws, ordinances, governmental orders or regulations or the instructions of the District, or if the Contractor should otherwise be guilty of a violation of, or in default under, any provisions of the Agreement, then the District may, without prejudice to any other right or remedy available to the District and after giving the Contractor and its surety, if any, seven (7) days written notice, terminate the Contract and the employment of Contractor. In addition, without terminating this Contract as a whole, the District may, under any of the circumstances above, terminate any portion of this Contract (by reducing, in such as manner as District deems appropriate, the Scope of Service to be performed by the Contractor) and complete the portion of this Contract so terminated in such manner as the District may deem expedient.

SUBCONTRACTORS. If the Contractor desires to employ Subcontractors in connection with the performance of its Services under this Agreement:

Nothing contained in the Agreement shall create any contractual relationship between the District and any Subcontractor. However, it is acknowledged that the District is an intended third-party beneficiary of the obligations of the Subcontractors related to the Services.

Contractor shall coordinate the services of any Subcontractors and remain fully responsible under the terms of this Agreement; Contractor shall be and remain responsible for the quality, timeliness and coordination of all Services furnished by the Contractor or its Subcontractors.

All subcontracts shall be written. Each subcontract shall contain a reference to this Agreement and shall incorporate the terms and condition of this Agreement to the full extent applicable to the portion of the Services covered thereby. Each Subcontractor must agree, for the benefit of the District, to be bound by such terms and conditions to the full extent applicable to its portion of the Services.

COMPLIANCE WITH E-VERIFY SYSTEM

The Contractor shall comply with and perform all applicable provisions and requirements of Section 448.095, Florida Statutes and Section 448.09(1), Florida Statutes. Accordingly, beginning on the Effective Date, to the extent required by Section 448.095, Florida Statutes, the Contractor shall enroll with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.09(1), Florida Statutes.

If the Contractor anticipates entering into agreements with a subcontractor for the work, Contractor will not enter into the subcontractor agreement without first receiving an affidavit from the subcontractor regarding compliance with Section 448.095, Florida Statutes, and stating that the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of such affidavit for the duration of the agreement and provide a copy to the District upon request. In the event that the District has a

good faith belief that a subcontractor has knowingly violated Section 448.095, Florida Statutes, but the Contractor has otherwise complied with its obligations hereunder, the District shall promptly notify the Contractor. The Contractor agrees to immediately terminate the agreement with the subcontractor upon notice from the District. Further, absent such notification from the District, the Contractor or any subcontractor who has a good faith belief that a person or entity with which it is contracting has knowingly violated Section 448.09(1), Florida Statutes, shall promptly terminate its agreement with such person or entity.

By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

NOTICE.

Notices required or permitted to be given under this Agreement shall be in writing, may be delivered personally or by mail, overnight delivery service, or courier service, and shall be given when received by the addressee. Notices shall be addressed as follows:

If to District: Storey Drive Community Development District
c/o Governmental Management Services – Central Florida, LLC 219 E. Livingston Street
Orlando, Florida 32801
Attention: George Flint, District Manager Telephone: (407) 841-5524
Email: gflint@gmscfl.com

Copy to:	Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter/Kristen Trucco, District Counsel
Telephone: (407) 481-5800
Email: jcarpenter@lathamluna.com and ktrucco@lathamluna.com

If to Contractor:	Home Land Construction LLC
289 Seminole Avenue Lake Mary, Florida 32746
Email: sales@homelandcon.com

Notwithstanding the foregoing, any notice sent to the last designated address of the party to whom a notice may be or is required to be delivered under this Agreement shall not be deemed ineffective if actual delivery cannot be made due to a change of address of the party to whom the notice is directed or the failure or refusal of such party to accept delivery of the notice. Parties may change notice address by delivering written notice by mail, overnight delivery service, or courier service to the other party and such change shall become effective when received by the addressee.

ATTORNEYS’ FEES. If either party hereto institutes an action or proceeding for a declaration of the rights of the parties the Agreement, for injunctive relief, for an alleged breach or default of, or any other action arising out of, the Agreement, or in the event any party hereto is in default of its obligations pursuant hereto, whether or not suit is filed or prosecuted to final judgment, the non-defaulting or prevailing party shall be entitled to its actual attorneys’ fees and to any court costs and expenses incurred, in addition to any other damages or relief awarded.

GOVERNING LAW AND JURISDICTION.	This Agreement shall be interpreted and enforced under the laws of the State of Florida. The parties will comply with the terms of the Agreement only to the extent they are enforceable or permitted under Florida law. Any litigation arising under this Agreement shall occur in a court having jurisdiction in Orange County, Florida. THE PARTIES WAIVE TRIAL BY JURY AND AGREE TO SUBMIT TO PERSONAL JURISDICTION AND VENUE IN ORANGE COUNTY, FLORIDA.

SEVERABILITY. In the event that any provision of this Agreement is judicially construed to be invalid by a court of competent jurisdiction, such provision shall then be construed in a manner allowing its validity, or if this leads to an impracticable result, shall be stricken, but in either event, all other provisions of the Agreement shall remain in full force and effect.

NO WAIVER. No failure by either party to insist upon the strict performance of any covenant, duty, contract or condition of this Agreement or to exercise any right or remedy upon a breach thereof shall constitute a waiver of any such breach or of such or any other covenant, contract, term or condition. Any party hereto, by written notice executed by such party, may, but shall be under no obligation to, waive any of its rights or any conditions to its obligations hereunder, or any duty, obligation, or covenant of any other party hereto. No waiver shall affect or alter this Agreement, but each and every covenant, contract, term and condition of this Agreement shall continue in full force and effect with respect to any other then-existing or subsequent breach thereof.

NO MODIFICATION. No modification, waiver, amendment, discharge or change of this Agreement shall be valid unless the same is in writing and signed by the parties against which such enforcement is or may be sought. This instrument contains the entire contract made between the parties and may not be modified orally or in any manner other than by a contract in writing signed by all parties hereto or their respective successors in interest.

TIME IS OF THE ESSENCE. The time for delivery and/or completion of the work to be performed under the Agreement shall be of the essence of the Agreement.

ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm’s length transaction. In addition to the representations and warranties contained herein, the Contractor acknowledges that prior to the execution of the Agreement it has thoroughly reviewed and inspected the Agreement documents, and satisfied itself regarding any error, inconsistency, discrepancy, ambiguity, omission, insufficiency of detail or explanation. Contractor further acknowledges that the parties have participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute

concerning the interpretation of any provision of this Agreement, all Parties are deemed to have drafted, chosen and selected the language, and doubtful language will not be interpreted or construed against any Party.

COUNTERPARTS. This Agreement may be executed in any number of counterparts with the same effect as if all parties had signed the same document. All fully executed counterparts shall be construed together and shall constitute one and the same contract.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

SIGNATURE PAGE TO
AGREEMENT FOR WALL REPAIR SERVICES

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

DISTRICT:

STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT

By:	

Name:

Daryl Morris

Chairman/Vice-Chair, Board of Supervisors

CONTRACTOR:

HOME LAND CONSTRUCTION LLC, a

Florida limited liability company

By:	

Print: Title:

Jarrod Rouse President

EXHIBIT “A”

PROPOSAL

[Attached.]

Estimate		
ADDRESS	SHIP TO		ESTIMATE	1267	
Storey Drive CDD	Villatel Orlando Resort		DATE	06/17/2026	
219 E. Livingston St	Precast Panel Repair				
Orlando Florida 32801					
	DESCRIPTION	QTY	RATE	AMOUNT	
Precast	Precast Panel - material, labor, machinery, aluminum rail, and paint.	1	25,995.00	25,995.00	
	Note: Landscaping and Grading not included				

Pricing valid for 4 weeks from date sent.

Soil Testing, Proctoring, and Stakeout to be performed by others unless explicitly stated in estimate.

Exclusions are as follows: dumpster rental & disposal fees, import or export of
C&D, trash, debris, topsoil, fill dirt, rock, or any other material unless specified in line item showing pricing. Dewatering of any type, and any additional grading
outside of work area are not included.

Home Land Construction LLC
289 Seminole Ave Lake Mary, FL 32746

TOTAL	$25,995.00

Accepted By Accepted Date

Page 1 of 1

Docusign Envelope ID: A11D8A7F-7DE7-8B05-81DF-8E99BA7D9A02

AFFIDAVIT OF COMPLIANCE WITH ANTI-HUMAN TRAFFICKING LAWS

STATE OF	Florida
COUNTY OF Seminole

In accordance with Section 787.06(14), Florida Statutes, the undersigned, on behalf of Home Land Construction LLC (the "Contractor"), hereby attests under penalty of perjury that, the Contractor, to the best of my knowledge and reasonable belief, does not use coercion for labor or services as defined in Section 787.06, Florida Statutes, entitled "Human Trafficking."
The undersigned is authorized to execute this affidavit on behalf of the Contractor.

Date:   A_u�g�u_s_t 5_�, 2026

HOME LAND CONSTRUCTION LLC, a Florida

limited liability compari y

Signed:	-+-1�---------
Name:�����c..+----                                       ---Title:	President

SUBSCRIBED AND SWORN TO before me by means of QI physical presence or □ online notarization, this _5  day of August  , 2026, by Jarrod Rouse  , as  President   of Home Land Construction LLC. Said person is (check one) � personally known to me or □ has produced a valid driver's license as identification.

[Notary Seal]	Signature of person taking acknowled ment
Name (typed, prin	,S;/.._., o

,•··�•..........

MARILYMM SOLANO

l

(/,m�\ Notary Public • State of l'loridl

··�o, r-.:c,./ M.y Comm. Expires Dec12, 2021'

1	Comminion II HH 467%)  .

.	Bondedthrou!.h National Mot� A.ffll.

Title or Rank:---"':.,.:....:e....:...::::...,:...:��....,..;..��=�::....e...,�"oh.r"}�J./.:�

Storey Drive Community Development District Agreement for Wall Repair Services (2026)

Section VI

lied

EMENT. INC.

fiC

Renewal

P.O. Box 1469
Eagle Lake, FL 33839 1-800-408-8882

AQUATIC PLANT MANAGEMENT
AGREEMENT

Submitted to:	Date:	February 6, 2026

Name Address City Phone

Storey Drive CDD 219 E. Livingston St. Orlando, FL 32801
407-841-5524

This Agreement is between Applied Aquatic Management, Inc. hereafter called "AAM" and Storey Drive COD hereafter called "Customer".

The parties hereto agree as follows
AAM agrees to provide aquatic management services for a period of	12 months in accordance with the terms and conditions of this Agreement in the following sites:

Four (4) Stormwater Retention Ponds Associated with Storey Drive COD

The AAM management program will include the control of the following categories of vegetation for the specified sum:

Submersed vegetation control
Emersed vegetation control
Floating vegetation control
Filamentous algae control
Shoreline grass & brush control

Included Included Included Included Included

Service shall consist of a minimum of monthly inspections and/or treatments as needed to maintain control of noxious growth throughout the term of our service.

Customer agrees to pay AAM the following amounts during the term of this Agreement:

The terms of this agreement shall be: 10/01/2026 thru 09/30/2027.
Agreement will automatically renew as per Term & Condition 14.
Start-up Charge		NA	Due at the start of work Maintenance Fee	$749.00	 Due	monthly
Total Annual Cost	$8,988.00

as billed	X 12.

Invoices are due and payable within 30 days. Overdue accounts may accrue a service charge of 1 112% per month
AAM agrees to commence treatment within	NA days, weather permitting, from the date of execution or receipt of the proper permits.
Customer acknowledges that he has read and is familiar with the additional terms and conditions printed on the reverse side which are incorporated in this agreement.

Date:	2/6/2026

Accepted	Date:

Customer

Section VII

Section B

Section 1

Storey Drive Community Development District
YEAR 2026 ENGINEER’S INPECTION REPORT

Prepared For
Storey Drive Community Development District
Date
June 24, 2026

Table of Contents

NARRATIVE AND PHOTOGRAPHS

Section 1	Location & General Description
Section 2	Infrastructure Ownership & Maintenance
Section 3	District’s Operation and Maintenance Budget
Section 4	Infrastructure Conditions
Section 5	District Engineer’s Letter Report

APPENDIX

Exhibit 1	Location Map
Exhibit 12	Conceptual Site Plan
Exhibit A	Infrastructure Deficiency Map
Exhibit B	Photos & Repair Recommendations

Location and General Description
Storey Drive Community Development District (the “District”) is located within the City of Orlando in Orange County, Florida, Section 30, Township 23 South, Range 29 East. The District is located east of International Drive near I-4 and the Florida Turnpike and is approximately 67.8 acres +/-. A location map is provided as Exhibit 1. This report is being prepared per the requirement in Section 9.21 Employment of Consulting Engineer: Consulting Engineer’s Report of the Master Trust Indenture for the inspection of the CDD owned properties & infrastructure on an annual basis.

The Development is a mixed use, multi-phase project. The District is responsible for the maintenance of the entrance roadway & sidewalk, 3 sets of canal culverts, perimeter wall and the stormwater management facilities & landscaping within the District. The following phases have been certified complete by City of Orlando as of June 2025.

Construction Plans Phase	Construction Certified Complete	
Storey Drive Phase 1	May 2023	
Storey Drive Phase 2	June 20, 2023	
Storey Drive Amenity	May 2, 2025	
Infrastructure Ownership & Maintenance
The ownership and maintenance responsibility of the infrastructure within the development does not reside with a single entity but is distributed as shown in the table below.

Capital Improvements Plan	Ownership	Maintenance	
Master Stormwater Management System	CDD	CDD	
Entrance Roadway (Asphalt, Curb & Gutter,
Sidewalk & Landscaping)	CDD	CDD	
Roadways (Asphalt, Curb & Gutter,
Sidewalk & Landscaping)	HOA	HOA	
Potable Water Distribution System	OUC	OUC	
Sanitary Sewer System	OCU	OCU	
Perimeter Wall	CDD	CDD	
Amenity Center	HOA	HOA	

The following South Florida Water Management District (SFWMD) permits have been processed as shown.

Project Name	Permit #	As-Built Cert	O&M Transfer	
International	Drive	Resort Community Phase 1 & Phase 2	48-103664-P	WMD Accepted on
November 8, 2023	Submitted to WMD on April 15, 2026	
International	Drive	Resort Community Phase 2	48-104986-P	WMD Accepted on
July 6, 2023	Submitted to WMD on January 15, 2026	
International Drive Resort Community Amenity Center	48-109437-P	WMD Accepted on
May 16, 2025	Submitted to WMD on April 15, 2026	
District’s Operation & Maintenance Budget

We have reviewed the proposed operation and maintenance budget for Fiscal Year 2027 and find it sufficient for the proper maintenance of the current infrastructure improvements for which the District is responsible.

Infrastructure Conditions
A site visit was completed on June 17, 2026 to review the conditions of the site infrastructure and determine maintenance recommendation for budgeting purposes. The infrastructure was found to be in good condition. Vertical building construction is ongoing throughout the development. Any damage & repairs for areas under construction that are not under the responsibility of the CDD are the responsibility of the contractors. The following maintenance & repairs are recommended to be completed under the FY2027 Budget:
Repair cracked concrete sidewalk panels.
Repair erosion at the perimeter walls.
Clean trash.

A deficiency map and photographs representative of the needed maintenance are provided in Exhibits A & B.

Appendix

Location Map
Storey Drive CDD	N

April 26, 2021
P & B Job No.: 19-060

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 1

POND 1

AMENITY AREA

POND 3

POND 4

POND 2

VANGUARD ST

Conceptual Site Plan
Storey Drive CDD	N

April 26, 2021
P & B Job No.: 19-060

2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 12

5295

5300

5256

0

5950

E

0	Tract A-1

CULVERT V-2

0

0

F	G	Access & Drainage

0

4982

4976

4970

4964

4958

4952

4946

4940

4934

4928

4922

4916

4910

4904

4898

4892

4886

4880

4874

4868

4862

4856

4850

4844

4838

4832

4826

4820

4814

4736

4730

4724

4718

4712

4706

4700

4808

CULVERT V-3

CULVERT V-1

Tract RW-1
CDD Public Right-of-Way
B

0

0

Tract SW-1 Stormwater

4809

4676

4658

4783

4640

4775

4767

4759

4751  0

0

4703

4711

4719

4727

4503

4735

4509

4515

4521

4512

4527

4533

4524

4539

4545

4536

4551

4548

4557

4803

Tract C-3

4821

Canal

5045

0

0

D

0
Tract SW-3 Stormwater

4827

4833

4839

4845

4604

4851

0

Tract SW-4 Stormwater
0

4572

4584

4596

4815

4563

4560

4569

4575

4581

4587

0

4593

7312

H

5414

4608

5418

5350

5422

5426

5430

5434

0

5438

5442

5446

5450

5427

5433

5439

5445

5451

Tract SW-2 Stormwater
0

5277

C	5259

0

0

5241

872

5205

4857

4863

4869

4875

4881

4887

4620

4632

4644

4656

4668

4680

4605

4611

4617

4623

4629

4635

I

4641

4647

4653

4659

4665

5203

4671

5659

5641

5623

5605

5587

5575

5563

5551

5539

5527

5515

5503

5493

5487

5481

5475

5469

5463

5457

5451

5445

5439

5433

5427

5421

5415

5409

5403

5395

5387

5379

5371

5363

5355

5347

5339

5331

5323

5315

5309

5275

5267

5259

5251

5243

5235

5227

5219

5211

5454	4677

5457

5458	4683

A

5462

5466

4689

4703

7414

5470	4709

5462

5456

5450

5444

5438

5432

5426

5420

5414

5408

5402

5394

5388

5382

5376

5370

5364

5358

5352

5346

5340

5334

5328

5322

5316

5310

5304

5284

5278

5272

5266

5260

5254

5248

5242

5236

5230

5224

5218

5212

5206

5474

5684

5676

5668

5660

5652

5644

5636

5628

5620

5612

5604

5592

5586

5580

5574

5568

5562

5556

5550

5544

5538

5532

5526

5520

5514

5508

5502

5492

5486

5480

5474

5468

5478

5482

4936

4930

4926

4920

4914

5140

Tract OS-1

5136

5020

Tract OS-4 Open Space / Wall &

0

6801

6800	J

4830

Tract OS-5 Open Space / Wall &

K
6803

4908

4902

6811

6808

5130

5124

5118

5112

5106

5100

5050

5044

5038

5032

5026

Open Space / Wall &

Landscape

6809

© OpenStreetMap (and) contributors, CC-BY-SA
Landscape
4800

4915

Map Sources: Esri,

5115

6808

Landscape

5137

5131

5125

5119

5107

5101

5029

5023

5017

5011

5005

5001

6901

6810

4937

4931

4927

4921

4909

4903

4831

4824
4825

4819

4818

4812
4815

4807

4806

4801

6819

¯

Feature Type
CDD Owned & Maintained

June 11, 2026
Job No.: 19-060

Exhibit A - CDD Infrastructure Map

CDD Infrastructure Map

Storey Drive CDD

0 125250  500  750  1,000
FEET

EXHIBIT B
PHOTOS & REPAIR RECOMMENDATIONS
The table below is a list of the deficiencies observed during a site inspection of CDD owned infrastructure. Recommended repairs are provided. Deficiencies 6-9 depict erosion occurring behind the masonry perimeter wall which is caused by drainage runoff from the lots and roof areas. The drainage issues should be investigated & addressed in conjunction with the filling & regrading of the erosion behind the walls.

DEFICIENCY #1
(Map ID: Def-A)
View of cracked sidewalk panel behind 5474 Cursive Dr.
Remove & replaced
5’x5’ cracked sidewalk
panel.		

DEFICIENCY #2
(Map ID: Def-B)
View of electrical wire crossing the sidewalk along Del Verde Way.
The line should be removed or routed underneath or away from the sidewalk.		

(Map ID: Def-C)
View of cracked sidewalk panel at the SW corner of pond SW-3.
Remove & replaced
5’x5’ cracked sidewalk
panel.		

DEFICIENCY #4
(Map ID: Def-D)
View of cracked sidewalk panel at the SW corner of pond SW-3.
Remove & replaced
5’x5’ cracked sidewalk
panel.		

DEFICIENCY #5
(Map ID: Def-E)
View of erosion at the east downstream end of Culvert V-2.
Repair erosion & resod area.		

(Map ID: Def-F)
View of erosion at the wall behind 4904 Hero Way.
Fill & resod eroded area.		

DEFICIENCY #7
(Map ID: Def-G)
View of erosion at the wall behind 4862 Hero Way.
Fill & resod eroded area.		

DEFICIENCY #8
(Map ID: Def-H)
View of erosion at the wall behind 4587 Thesaurus Dr.
Fill & resod eroded area.		

DEFICIENCY #9
(Map ID: Def-I)
View of erosion at the wall behind 4659 Thesaurus Dr.
Fill & resod eroded area.		

DEFICIENCY #10
(Map ID: Def-J)
View of missing wall panel behind 5394 Asterisk Ave.
Replace missing panel.		

DEFICIENCY #11
(Map ID: Def-K)
View of trash at the southeast corner of the property.
Remove accumulated trash.		

NO DEFICIENCY
Typical view of pond banks throughout the community.
Ponds 1-4 are in good condition and properly functioning.		

NO DEFICIENCY
View of hairline fractures in the sidewalk adjacent to the west canal.
This is minimal cracking and does not pose a trip hazard.		
An inspection of the large diameter culverts (Culverts V-1, V-2 & V-3) was performed for the sidewalk and roadway crossings of the west and north canals. These culverts were found to be in good conditions. Photos are provided below.

Del Verde Way
View of the north headwall (inlet side) of Culvert V-1 on Del Verde Way.
All components are in good condition.		

CULVERT V-1
Del Verde Way
View of the south headwall (outlet side) of Culvert V-1 on Del Verde Way.
All components are in good condition.		

CULVERT V-2
Pedestrian Crossing
View of the west headwall (inlet side) of Culvert V-2.
All components are in good condition.		

Pedestrian Crossing
View of the east headwall (outlet side).
All components are in good condition. There is some erosion of the bank along the canal owned & maintained by the City of Orlando.		

CULVERT V-3
Narrative Way
View of the west headwall (inlet side).
All components are in good condition.		

CULVERT V-3
Narrative Way
View of the east headwall (outlet side).
All components are in good condition.		

Narrative Way
Internal view of the north corrugated metal pipe.
All components are in good condition.		

Section C

Section 1

Storey Drive
Community Development District

Summary of Invoices

June 01, 2026 - July 31, 2026

Fund	Date	Check No.'s	Amount	
General Fund	
6/2/26	
306-307	
$	4,527.00	
	6/11/26	308-309	5,801.80	
	6/18/26	310-313	6,626.81	
	6/26/26	314	282.16	
	7/8/26	315	5,064.38	
	7/14/26	316-317	4,910.93	
	7/22/26	318	728.28	
			$	27,941.36	
Payroll	
June 2026			
	Daryl Morris	50101	$	184.70	
	Erin Majeski	50102	184.70	
	Patrick Bonin	50103	184.70	
	Sunita Kalpee	50104	184.70	
			$	738.80	
	TOTAL		$ 28,680.16	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/14/26	PAGE	1
*** CHECK DATES 06/01/2026 - 07/31/2026 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/02/26 00014	5/31/26 236819	202605 320-53800-47000	*	727.00
AQUATIC PLANT MGMT MAY26
APPLIED AQUATIC MANAGEMENT INC	727.00 000306
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/02/26 00009	5/28/26 90118923 202605 310-51300-32200	*	3,800.00
FY25 AUDIT SERVICES
DIBARTOLOMEO, MCBEE, HARTLEY &	3,800.00 000307
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/11/26 00020	6/01/26 39309	202604 320-53800-46200	*	101.29-LANDSCAPE MAINT APR26
6/01/26 39309A	202605 320-53800-46200	*	101.29-
LANDSCAPE MAINT MAY26
6/01/26 39309B	202606 320-53800-46200	*	5,064.38 LANDSCAPE MAINT JUN26
FLORALAWN 2 LLC	4,861.80 000308
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/11/26 00019	6/04/26 20500039 202606 310-51300-31500	*	285.00
WMD PERMIT COORDINATION
6/04/26 20500039 202606 310-51300-31500	*	380.00
PREP CDD MAPS & REPORTS
6/04/26 20500039 202606 310-51300-31500	*	275.00
SFWMD TRANSFER FOLLOW-UP
PAPE-DAWSON CONSULTING ENGINEER LLC	940.00 000309
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/26 00014	6/15/26 237197	202606 320-53800-47000	*	727.00
AQUATIC PLANT MGMT JUN26
APPLIED AQUATIC MANAGEMENT INC	727.00 000310
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/26 00020	6/16/26 39820	202606 320-53800-47300	*	772.43
RPLC VALVE ON BUILDING
FLORALAWN 2 LLC	772.43 000311
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/26 00001	6/01/26 114	202606 320-53800-12000	*	858.50
FIELD MANAGEMENT JUN26
6/01/26 115	202606 310-51300-34000	*	3,433.33
MANAGEMENT FEES JUN26
6/01/26 115	202606 310-51300-35200	*	108.17
WEBSITE ADMIN FEE JUN26
6/01/26 115	202606 310-51300-35100	*	162.25
INFORMATION TECH JUN26
6/01/26 115	202606 310-51300-31300	*	315.42
DISSEMINATION FEE JUN26
6/01/26 115	202606 310-51300-51000	*	.21
OFFICE SUPPLIES JUN26
6/01/26 115	202606 310-51300-42000	*	3.50
POSTAGE JUN26
GOVERNMENTAL MANAGEMENT SERVICES	4,881.38 000312
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STCD STOREY DRIVE	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/14/26	PAGE	2
*** CHECK DATES 06/01/2026 - 07/31/2026 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/18/26 00002	6/11/26 153510	202605 310-51300-31500	*	192.00
AUDIT REPORT UPDATES
6/11/26 153510	202605 310-51300-31500	*	54.00
NOTICE TO OWNER RESPONSE
LATHAM LUNA EDEN AND BEAUDINE LLP	246.00 000313
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/26/26 00020	6/23/26 39967	202606 320-53800-47300	*	282.16
5 NOZZLES AND 2 SPRAYS
FLORALAWN 2 LLC	282.16 000314
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/08/26 00020	7/01/26 40011	202607 320-53800-46200	*	5,064.38
LANDSCAPE MAINT JUL26
FLORALAWN 2 LLC	5,064.38 000315
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/14/26 00001	7/01/26 116	202607 320-53800-12000	*	858.50
FIELD MANAGEMENT JUL26
7/01/26 117	202607 310-51300-34000	*	3,433.33
MANAGEMENT FEES JUL26
7/01/26 117	202607 310-51300-35200	*	108.17
WEBSITE ADMIN FEE JUL26
7/01/26 117	202607 310-51300-35100	*	162.25
INFORMATION TECH JUL26
7/01/26 117	202607 310-51300-31300	*	315.42
DISSEMINATION FEE JUL26
7/01/26 117	202607 310-51300-51000	*	.21
OFFICE SUPPLIES JUL26
7/01/26 117	202607 310-51300-42000	*	9.95
POSTAGE JUL26
7/01/26 117	202607 310-51300-42500	*	23.10
COPIES JUL26
GOVERNMENTAL MANAGEMENT SERVICES	4,910.93 000316
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/14/26 00002	7/13/26 154537	202606 310-51300-31500	*	764.66
CDD MTG/TRACT OWNERSHIP
7/13/26 154537	202606 310-51300-31500	*	112.50
REV ENGINEERING SRVC DOC
7/13/26 154537	202606 310-51300-31500	*	396.00
CONFERENCE W/ SUPERVISOR
7/13/26 154537	202606 310-51300-31500	V	764.66-
CDD MTG/TRACT OWNERSHIP
7/13/26 154537	202606 310-51300-31500	V	112.50-
REV ENGINEERING SRVC DOC
7/13/26 154537	202606 310-51300-31500	V	396.00-
CONFERENCE W/ SUPERVISOR
LATHAM LUNA EDEN AND BEAUDINE LLP	.00 000317
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STCD STOREY DRIVE	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/14/26	PAGE	3
*** CHECK DATES 06/01/2026 - 07/31/2026 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/22/26 00003	6/15/26 OSA78406 202606 310-51300-48000	*	728.28
NOT.OF CDD BUDGET/MTG
TRIBUNE PUBLISHING COMPANY LLC DBA	728.28 000318
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	27,941.36
TOTAL FOR REGISTER	27,941.36

STCD STOREY DRIVE	TVISCARRA

Section 2

Storey Drive
Community Development District

Unaudited Financial Reporting
July 31, 2026

TABLE OF CONTENTS

1	BALANCE SHEET

2	GENERAL FUND INCOME STATEMENT

3	CAPITAL RESERVE FUND

4	DEBT SERVICE FUND SERIES 2022

5	CAPITAL PROJECTS FUND SERIES 2022

6	MONTH TO MONTH

7	LONG TERM DEBT SUMMARY

8	ASSESSMENT RECEIPT SCHEDULE

9	CONSTRUCTION SCHEDULE SERIES 2022

Storey Drive
Community Development District Balance Sheet

		
		
Assigned For CAPITal Reserves	-	77,593	-	-	77,593	
Assigned For Capital Projects	-	-	-	929	929	
Unassigned	397,986	-	-	-	397,986	
Total Fund Balances	$	397,986	$	77,593	$	323,306	$	929	$	799,813	
						
Total Liabilities & Fund Equity	$	398,879	$	77,593	$	323,306	$	929	$	800,707	

July 31, 2026

	General Fund	Capital Reserve Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:						
Cash - Truist Bank	$	16,416	$	10,005	$	-	$	-	$	26,421	
Investments: Series 2022						
Reserve	-	-	53,621	-	53,621	
Revenue	-	-	269,684	-	269,684	
Construction	-	-	-	929	929	
State Board of Administration	382,463	67,588	-	-	450,051	
Total Assets	$	398,879	$	77,593	$	323,306	$	929	$	800,707	
Liabilities:			
Accounts Payable	$	893	$	-	$	-	$	-	$	893	
Total Liabilities	$	893	$	-	$	-	$	-	$	893	

Fund Balances:			
Restricted For Debt Service	$	-	$	-	$	323,306	$	-	$	323,306	

1

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/26	Thru 07/31/26	Variance	

Revenues:		
Special Assessments	$	313,137	$	313,137	$	323,159	$	10,022	
Interest	3,600	3,000	10,920	7,920	
Total Revenues	$	316,737	$	316,137	$	334,079	$	17,942	

Expenditures:					
Administrative:					
Supervisor Fees	$	12,000	$	10,000	$	3,400	$	6,600	
FICA Expense	918	765	260	505	
Engineering Fees	12,000	10,000	2,475	7,525	
Attorney	25,000	20,833	7,679	13,154	
Arbitrage	450	450	450	-	
Dissemination	3,785	3,154	3,154	(0)	
Annual Audit	3,600	3,600	3,800	(200)	
Trustee Fees	4,445	4,434	4,434	-	
Assessment Administration	5,678	5,678	5,678	-	
Management Fees	41,200	34,333	34,333	0	
Information Technology	1,947	1,623	1,623	-	
Website Maintenance	1,298	1,082	1,082	(0)	
Telephone	75	63	-	63	
Postage	500	417	75	342	
Printing & Binding	500	417	51	365	
Insurance	6,395	6,395	6,163	232	
Legal Advertising	2,500	2,083	1,413	671	
Other Current Charges	600	500	475	25	
Office Supplies	150	125	2	123	
Dues, Licenses & Subscriptions	175	175	175	-	
Total Administrative:	$	123,216	$	106,127	$	76,723	$	29,403	
Operations & Maintenance					
Field Operations	$	10,302	$	8,585	$	8,585	$	-	
Property Insurance	8,500	8,500	7,008	1,492	
Electric	21,500	17,917	-	17,917	
Water & Sewer	10,000	8,333	-	8,333	
Landscape Maintenance	99,696	83,080	69,864	13,216	
Landscape Contingency	2,500	2,083	-	2,083	
Lake Maintenance	8,724	7,270	7,270	-	
Lake Contingency	-	-	-	-	
Irrigation Repairs	2,500	2,083	3,884	(1,801)	
Fountain Maintenance	5,000	4,167	678	3,489	
Pressure Washing	2,500	2,083	-	2,083	
Repairs & Maintenance	3,500	2,917	2,659	258	
Contingency	8,799	7,333	-	7,333	
Total Operations & Maintenance:	$	183,521	$	154,351	$	99,948	$	54,403	
Reserves					
Capital Reserve Transfer	$	10,000	$	10,000	$	10,000	$	-	
Total Reserves	$	10,000	$	10,000	$	10,000	$	-	
					
Total Expenditures	$	316,737	$	270,477	$	186,671	$	83,807	
					
Excess Revenues (Expenditures)	$	-		$	147,408		
					
Fund Balance - Beginning	$	-		$	250,577		
					
Fund Balance - Ending	$	-		$	397,986		

Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/26	Thru 07/31/26	Variance	

Revenues:		
Transfer In	$	10,000	$	10,000	$	10,000	$	-	
Interest	1,200	1,000	1,090		90	
Total Revenues	$	11,200	$	11,000	$	11,090	$	90	

Expenditures:						
Bank Fees Capital Outlay	$	-
-	$	-
-	$	-
-	$	-
-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	11,200	$	11,000	$	11,090			
						
Fund Balance - Beginning	$	67,003		$	66,503			
						
Fund Balance - Ending	$	78,203		$	77,593			

Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/26	Thru 07/31/26	Variance	

Revenues:		
Special Assessments	$	536,213	$	536,213	$	553,372	$	17,159	
Interest	18,000	15,000	15,336	336	
Total Revenues	$	554,213	$	551,213	$	568,708	$	17,495	

Expenditures:					
Series 2022
Interest - 12/15	

$	161,290	

$	161,290	

$	161,290	

$	-	
Principal - 06/15	215,000	215,000	215,000	-	
Interest - 06/15	161,290	161,290	161,290	-	
Total Expenditures	$	537,580	$	537,580	$	537,580	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	(10,000)	$	(8,333)	$	(219,341)	$	211,008	
Total Other Financing Sources (Uses)	$	(10,000)	$	(8,333)	$	(219,341)	$	211,008	
					
Excess Revenues (Expenditures)	$	6,633		$	(188,214)		
					
Fund Balance - Beginning	$	242,486		$	511,519		
					
Fund Balance - Ending	$	249,119		$	323,306		

Storey Drive
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2026

	Adopted		Prorated Budget	Actual		
		Budget		Thru 07/31/26	Thru 07/31/26	Variance	
Revenues:							
Interest	$		-	$		-	$	703	$	703	
Total Revenues	$		-	$		-	$	703	$	703	

Expenditures:

Capital Outlay	

$		

-	$		

-	$	224,753	

$	(224,753)	
Total Expenditures	$		-	$		-	$	224,753	$	(224,753)	

Other Sources/(Uses)							
Transfer In/(Out)	$		-	$		-	$	219,341	$	(219,341)	
Total Other Financing Sources (Uses)	$		-	$		-	$	219,341	$	(219,341)	
							
Excess Revenues (Expenditures)	$		-		$	(4,710)		
							
Fund Balance - Beginning	$		-		$	5,638		
							
Fund Balance - Ending	$		-		$	929		

Storey Drive

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total

Community Development District Month to Month
Revenues:

Assessments

$	-	$

-	$	163  $

319,713  $

-	$	3,284  $

-	$	-	$

-	$	-	$

-	$	-	$

323,159

Total Revenues

Expenditures:	$	685	$	609	$	770	$  320,	
Administrative:
Supervisor Fees	
$	-	
$	400	
$	600	
$	

Interest	685	609	607	1,281	1,047	1,434	1,369	1,337	1,263	1,287	-	-	10,920

994  $	1,047	$	4,718	$	1,369	$	1,337	$	1,263	$	1,287	$	-	$	-	$	334,079	

-	$	800	

$	-	

$	800	

$	-	

$	800	

$	-	

$	-	$	-	$	3,400	
FICA Expense	-	31	46	-	61	-	61	-	61	-	-	-	260	
Engineering Fees	48	333	95	245	815	-	-	940	-	-	-	-	2,475	
Attorney	115	744	58	363	811	2,333	1,736	246	1,273	-	-	-	7,679	
Arbitrage	-	-	-	-	-	-	450	-	-	-	-	-	450	
Dissemination	315	315	315	315	315	315	315	315	315	315	-	-	3,154	
Annual Audit	-	-	-	-	-	-	-	3,800	-	-	-	-	3,800	
Trustee Fees	-	-	-	-	4,434	-	-	-	-	-	-	-	4,434	
Assessment Administration	5,678	-	-	-	-	-	-	-	-	-	-	-	5,678	
Management Fees	3,433	3,433	3,433	3,433	3,433	3,433	3,433	3,433	3,433	3,433	-	-	34,333	
Information Technology	162	162	162	162	162	162	162	162	162	162	-	-	1,623	
Website Maintenance	108	108	108	108	108	108	108	108	108	108	-	-	1,082	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage	14	3	3	5	3	4	3	26	4	10	-	-	75	
Printing & Binding	-	-	13	-	9	4	3	-	-	23	-	-	51	
Insurance	6,163	-	-	-	-	-	-	-	-	-	-	-	6,163	
Legal Advertising	-	684	-	-	-	-	-	-	728	-	-	-	1,413	
Other Current Charges	56	56	41	42	56	42	41	42	57	42	-	-	475	
Office Supplies	0	0	0	0	0	0	0	1	0	0	-	-	2	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total Administrative:	$	16,268	$	6,270	$	4,876	$	4,673	$	11,009	$	6,403	$	7,114	$	9,073	$	6,942	$	4,094	$	-	$	-	$	76,723	

Operations & Maintenance
Field Operations	

$	859	

$	859	

$	859	

$	859	

$	859	

$	859	

$	859	

$	859	

$	859	

$	859	

$	-	$	-	

$	8,585	
Property Insurance	7,008	-	-	-	-	-	-	-	-	-	-	-	7,008	
Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	
Water & Sewer	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Maintenance	8,066	8,308	8,308	8,308	8,308	8,308	5,064	5,064	5,064	5,064	-	-	69,864	
Landscape Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Lake Maintenance	727	727	727	727	727	727	727	727	727	727	-	-	7,270	
Lake Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation Repairs	-	89	265	637	441	-	840	391	1,055	166	-	-	3,884	
Fountain Maintenance	-	-	-	-	-	-	-	678	-	-	-	-	678	
Pressure Washing	-	-	-	-	-	-	-	-	-	-	-	-	-	
Repairs & Maintenance	-	-	-	-	-	-	1,894	765	-	-	-	-	2,659	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Operations & Maintenance:	$	16,660	$	9,982	$	10,158	$	10,531	$	10,335	$	9,894	$	9,384	$	8,484	$	7,704	$	6,816	$	-	$	-	$	99,948	
Reserves													
Capital Reserve Transfer	$	-	$	-	$	-	$	-	$	10,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	10,000	
Total Reserves	$	-	$	-	$	-	$	-	$	10,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	10,000	
													
Total Expenditures	$	32,928	$	16,252	$	15,034	$	15,204	$	31,344	$	16,297	$	16,498	$	17,557	$	14,647	$	10,910	$	-	$	-	$	186,671	
													
Excess Revenues (Expenditures)	$	(32,242)	$	(15,643)	$	(14,264)	$	305,790	$	(30,297)	$	(11,579)	$	(15,129)	$	(16,220)	$	(13,384)	$	(9,623)	$	-	$	-	$	147,408	

Storey Drive
Community Development District Long Term Debt Report

SERIES 2022, SPECIAL ASSESSMENT BONDS		
INTEREST RATES:	2.550%, 3.000%, 3.250%, 4.000%		
MATURITY DATE:	6/15/2052		
RESERVE FUND DEFINITION	10% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$53,621		
RESERVE FUND BALANCE	$53,621		
BONDS OUTSTANDING - 1/27/22	$9,710,000	
LESS: PRINCIPAL PAYMENT - 06/15/23	($200,000)	
LESS: PRINCIPAL PAYMENT - 06/15/24	($205,000)	
LESS: PRINCIPAL PAYMENT - 06/15/25	($210,000)	
LESS: PRINCIPAL PAYMENT - 06/15/26	($215,000)	
CURRENT BONDS OUTSTANDING	$8,880,000	

Storey Drive
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	333,124.78	$	570,436.58	$	903,561.36	
	Net Assessments	$	313,137.29	$	536,210.39	$	849,347.68	
ON ROLL ASSESSMENTS		
36.87%	
63.13%	
100.00%	

Special Assessment Receipts Fiscal Year 2026

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	2022 Debt Service Asmt	
Total	

12/22/25	
ACH	
$0.00	
$0.00	
$0.00	
$440.75	
$440.75	
$162.50	
$278.25	
$440.75	
01/15/26	ACH	$903,561.36	$234.88	$36,142.56	$0.00	$867,183.92	$319,713.15	$547,470.77	$867,183.92	
03/13/26	ACH	$0.00	$0.00	$0.00	$8,906.21	$8,906.21	$3,283.54	$5,622.67	$8,906.21	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
						$0.00	$0.00	$0.00	$0.00	
	TOTAL	$	903,561.36	$	234.88	$	36,142.56	$	9,346.96	$	876,530.88	$	323,159.19	$	553,371.69	$	876,530.88	

103.20%
$	(27,183.20)

Net Percent Collected
Balance Remaining to Collect

Storey Drive COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Bonds, Series 2022

Date	

Requisition #	

Contractor	

Description	

Requisition	
Fiscal Year 2026					
3/20/26	18	Lennar Homes LLC	Reimbursement for Professional Service Costs for Phase 1 & 2.	$	224,753.41	
		TOTAL		$	224,753.41	

Fiscal Year 2026					
10/2/25		Interest		$	18.32	
10/3/25		Transfer from Reserve		814.44	
11/3/25		Interest		19.67	
11/4/25		Transfer from Reserve		818.15	
12/1/25		Interest		20.41	
12/2/25		Transfer from Reserve		757.56	
1/2/26		Interest		22.34	
1/5/26		Transfer from Reserve		743.13	
2/2/26		Interest		23.56	
2/3/26		Transfer from Reserve		721.74	
2/18/26		Transfer from Reserve		214,485.00	
3/2/26		Interest		226.88	
3/3/26		Transfer from Reserve		443.76	
4/1/26		Interest		366.47	
4/2/26		Transfer from Reserve		142.54	
5/1/26		Interest		1.29	
5/4/26		Transfer from Reserve		137.48	
6/1/26		Interest		1.66	
6/2/26		Transfer from Reserve		140.61	
7/1/26		Interest		2.00	
7/2/26		Transfer from Reserve		136.87	
		TOTAL		$	220,043.88	
			
Project (Construction) Fund at 09/30/25	
$	5,638.45	
			Interest Earned/Transferred Funds thru 7/31/26	220,043.88	
			Requisitions Paid thru 7/31/26	(224,753.41)	
			Remaining Project (Construction) Fund	 $	928.92 	

Section D

Section 1

	Proposal	
Date: 7/29/2026 Work Order #22131 PO #

Storey Drive CDD
c/o Governmental Management Services-CF, LLC
219 E. Livingston St Orlando, FL 32801

Customer:

Storey Drive CDD 5120 Del Verde Way Orlando, FL 32819

Property:

	Washout Repairs CDD Wall	
Floralawn proposes to perform the following:

Fix large washouts along the exterior of the CDD wall.

Washouts will require large quantities of soil. Soil will be compacted to help prevent further washouts. Bahia will be installed over the washout repair.
Areas along the wash that have started to wash out will have soil added and Bahia installed to help repair.

*Photos of some of the washouts are shown below.

		Washout Repair	 Drainage
Items	Quantity	Unit	
Georgia Buggy	4.00	ea	
Top Soil Bulk - Install	4.00	ea	
Fill Dirt - Installation	65.00	cuyd	
Bahia Grass - Furnish and Installation	2,000.00	sqft	
PROJECT TOTAL:	$21,948.63

	Terms & Conditions	

Special Instructions/Remarks: Floralawn, Inc. is not responsible for any damage to driveways or walk that are in poor condition prior to start of work. Floralawn will also not be responsible for any damage to septic tanks or underground utilities that are not previously identified by the Owner or marking service.
We hereby propose to furnish labor and materials, complete in accordance with the above specifications for the sum of:	($21,948.63), with payments to be made as follows: (Amounts under $500.00
will need to be paid in full) 50% deposit to begin job with the balance due upon completion.

Material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from above specifications involving extra cost will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements are contingent upon strikes, accidents, or delays beyond our control. This proposal is subject to acceptance within 30 days and is void thereafter at the option of the undersigned. Start of the work described in proposal will commence within 4 weeks upon signature of proposal.

By	 	
Joshua Curtin	By	 		
Date	7/29/2026	Date	
	
	Floralawn		Storey Drive CDD	

	Proposal	
Date: 7/29/2026 Work Order #22132 PO #

Storey Drive CDD
c/o Governmental Management Services-CF, LLC
219 E. Livingston St Orlando, FL 32801

Customer:

Storey Drive CDD 5120 Del Verde Way Orlando, FL 32819

Property:

	CDD Tree Replacements	
Floralawn proposes to perform the following:

Removal:
Dead/Declining trees along the CDD wall.

Installation:
Trees to replace the ones that were removed.
Due to the large amount of clay, the holes will be dug out larger than the containers of the trees, and topsoil will be added to help the trees grow.

*Photos below show the dead/missing trees.

		Tree Removal, Installation, and Staking	 Bed Prep and Plant Removal and Plant Installation
Items	Quantity	Unit	
Debris Disposal	0.75	ea	
Top Soil Bulk - Install	6.00	ea	

Pro 40 (Tree Frog) Installation	3.00	ea	
Landscape Removal	30.00	Hr	
Live Oak - Installation	12.00	45 gal	
Bald Cypress - Installation	1.00	45 gal	

Irrigation Repair and Modification
Irrigation work could total +/-20% of total cost of project.

Items	Quantity	Unit	
Irrigation Material	1.00	ea	
PROJECT TOTAL:	$17,054.89

	Terms & Conditions	

Special Instructions/Remarks: Floralawn, Inc. is not responsible for any damage to driveways or walk that are in poor condition prior to start of work. Floralawn will also not be responsible for any damage to septic tanks or underground utilities that are not previously identified by the Owner or marking service.
We hereby propose to furnish labor and materials, complete in accordance with the above specifications for the sum of:	($17,054.89), with payments to be made as follows: (Amounts under $500.00
will need to be paid in full) 50% deposit to begin job with the balance due upon completion.

Material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from above specifications involving extra cost will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements are contingent upon strikes, accidents, or delays beyond our control. This proposal is subject to acceptance within 30 days and is void thereafter at the option of the undersigned. Start of the work described in proposal will commence within 4 weeks upon signature of proposal.

By	 	
Joshua Curtin	By	 		
Date	7/29/2026	Date	
	
	Floralawn		Storey Drive CDD