Preston Cove Community Development District

Meeting Agenda January 25, 2024

Preston Cove
Community Development District

January 18, 2024
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Preston Cove
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Preston Cove Community Development District will be held Thursday, January 25, 2024 at 9:00 AM at 8 Broadway, Suite 104, Kissimmee, Florida 34741. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Consideration of Resolution 2024-01 Canvassing and Certifying the Results of the Landowners’ Election
Election of Officers
Consideration of Resolution 2024-02 Electing Officers
Approval of Minutes of the August 24, 2023 Board of Supervisors Meeting and Acceptance of Minutes of the November 7, 2023 Landowners’ Meeting
Ratification of Fiscal Year 2024 Audit Engagement Letter with Grau & Associates
Ratification of Data Sharing and Usage Agreement with Osceola County Property Appraiser
Presentation of Arbitrage Rebate Calculation Report
Consideration of Fiscal Year 2024 Deficit Funding Agreement with Elevation Preston Cove, LLC
Consideration of Fiscal Year 2024 Deficit Funding Agreement with Starlight Homes Florida, LLC
Consideration of Resolution 2024-03 Amending the Imposition of Special Assessments for Fiscal Year 2024
Consideration of Resolution 2024-04 Approving Amendments to the Adopted Budget for Fiscal Year 2024
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Ratification of Series 2022 Requisitions #60-62
Consideration of Funding Requests #30-35
Other Business
Supervisors Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,

Jeremy LeBrun
Jeremy LeBrun District Manager

CC:	District Counsel
District Engineer Enclosures

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RESOLUTION 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS’ ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Preston Cove Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Osceola County, Florida; and

WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District’s creation and every two years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting was held on November 7, 2023, at which the below recited persons were duly elected by virtue of the votes cast in their respective favor; and

WHEREAS, the Board of Supervisors of the District, by means of this Resolution, desire to canvas the votes and declare and certify the results of said election.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:

Section 1. The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown:

Seat 3	Votes 	

Seat 4	Votes 	

Seat 5	Votes 	

Section 2. In accordance with Section 190.006(2), Florida Statutes, and by virtue of the number of votes cast for the Supervisor, the above-named person is declared to have been elected for the following term of office:

4 Year Term
4 Year Term
2 Year Term
Section 3. This resolution shall become effective immediately upon its adoption.

Passed and adopted this 25th day of January, 2024.

ATTEST:

Secretary/Assistant Secretary	PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors	

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RESOLUTION 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, the Preston Cove 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 the Officers of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:

Section 1. The following persons are elected to the offices shown:

Chairperson	 		
Vice Chairperson	 		
Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		

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

Passed and adopted this 25th day of January, 2024.

ATTEST:	PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

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MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Preston Cove Community Development District was held Thursday, August 24, 2023 at 9:00 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Shaman Foradi	Chairperson
Owais Khanani by phone	Vice Chairman
Jeff Garno	Assistant Secretary
Maria Rust	Assistant Secretary

Also present were:

George Flint	District Manager, GMS
Tricia Adams	District Manager, GMS
Jay Lazarovich	District Counsel, Latham Luna
Pete Glasscock	Hanson Walter

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order. Three Board members were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present for the meeting.

THIRD ORDER OF BUSINESS	Approval of Minutes of the April 27, 2023
and August 9, 2023 Board of Supervisors Meetings
Mr. Flint presented the minutes from the April 27, 2023 and August 9, 2023 Board of Supervisors meetings and asked for any comments or corrections. The Board had no changes to the minutes.
August 24, 2023	Preston Cove CDD

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-08
Ratifying Rescheduled Public Hearing
*This item was taken out of order.
Mr. Flint stated they would like to move item eight before item four. Item eight is just ratifying the change of the date of the public hearing. The public hearing was originally scheduled for last month but had an issue with a quorum, so it was advertised for this month and this resolution is just ratifying our actions in doing that.

FOURTH ORDER OF BUSINESS	Public Hearing
Mr. Flint asked for a motion to open the public hearings. For the record, there are no members of the public present to provide comment or testimony so will be bring it back to the Board.

Consideration of Resolution 2023-05 Adopting the Fiscal Year 2024 Budget and Relating to the Annual Appropriations
Mr. Flint stated the budget is attached as exhibit ‘A’ to the resolution. It includes on roll assessments for the 218 townhomes and 149 single family that are platted. It includes direct assessment for the 236 unplatted and that is a prorated portion of the administrative costs that are being allocated to the unplatted. There are developer contributions basically to balance the budget since this budget is basically a build out budget, we are balancing it with a developer contribution. He noted it is likely that we will not need to draw on that contribution but to have a balanced
August 24, 2023	Preston Cove CDD

budget, we have that reflected in the revenue. Mr. Flint asked for any questions on the proposed budget. The Board had no further questions on the budget.

Consideration of Resolution 2023-10 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint stated there are two exhibits attached to this resolution, the first is the budget that was just approved and the other one is the assessment roll that reflects the individual properties and the per unit assessment amounts. Mr. Flint asked the Board for any comments or questions on the exhibits. The Board had no questions.

Mr. Flint asked for a motion to close the public hearings.

FIFTH ORDER OF BUSINESS	Consideration of Fiscal Year 2024 Deficit
Funding Agreement
Mr. Flint stated as indicated before, the developer contributions are included in the budget to balance that and in order to do that there is a funding agreement between the District and the developer. He noted this is the same form of agreement seen previously. It does have a provision allowing it to be assigned with the consent of both parties, so if it becomes necessary to sign this if you have sold all of your lots then there is a provision that would recognize the ability to do that. He noted the budget just approved is attached to this as well as the legal description of the District.

August 24, 2023	Preston Cove CDD

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-06
Appointing an Assistant Treasurer
Mr. Flint stated this appoints Darrin Mossing as an Assistant Treasurer. He is the President of GMS and we are asking the Districts that we manage to make him an Assistant Treasurer as a backup for the accounting group.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2023-07 Re-
Establishing Bank Account Signatories
Mr. Flint stated previously a resolution was adopted naming specific individuals as signers. This resolution names offices, the Treasurer, Secretary, and Assistant Treasurer as signers rather than specific names.

NINTH ORDER OF BUSINESS	Consideration	of	Arbitrage	Proposal
AMTEC
Mr. Flint stated the IRS requires the District to do a calculation demonstrating that we are not earning more interest than we are paying. He noted it has to be reported every five years. We typically use AMTEC to perform that calculation which is $450 per year and is a five-year agreement with them to do that.

August 24, 2023	Preston Cove CDD

TENTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-09
Authorizing	the	Use	of	Electronic Documents and Signatures
Mr. Flint stated this allows us to use DocuSign for the resolutions and agreements versus manual signatures.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Presentation of Memo Regarding Ethics Training
Mr. Lazarovich stated there is a memo in the agenda regarding the new ethics training that was passed during the last legislative session. He noted it does not take effect until January 1, 2024 but any appointed or elected officials for a special District will have to do four hours annually of ethics training. This provides some general information before it goes into effect and other updates to Florida Law have been provided. He stated some links are provided that will be updated for online courses.

Engineer
Mr. Glasscock had nothing to report to the Board.

District Manager’s Report
Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through the end of July. There is no action required by the Board.

Ratification of Series 2022 Requisition #59
Mr. Flint stated requisition #59 is for $3,150 and it has been submitted to the Trustee and funded. We are just asking the Board to ratify that.

August 24, 2023	Preston Cove CDD

Ratification of Funding Request #25 -26
Mr. Flint stated these are submitted to the developer under the current Developer Funding Agreement so asking the Board to ratify.

Consideration of Funding Request #27-29.
Mr. Flint asked the Board to approve these funding requests. He noted they have not been submitted yet just based on timing, so these are being approved.

Presentation of Number of Registered Voters: 0
Mr. Flint stated each year we are required to announce the number of registered voters as of April 15th and as you can see there are zero registered voters. There is no action required. He noted once the District is in existence for six years and you hit 250 registered voters, that triggers the beginning of the transition of the Board from a landowner elected to a general election process.

Approval of Fiscal Year 2024 Meeting Dates
Mr. Flint stated the Board is required to approve an annual meeting schedule each year and we have prepared a proposed schedule in the agenda which follows the same as the fourth Thursday of the month at 9:00 a.m. in this location with the exception of November obviously that is Thanksgiving. December is the 28th between Christmas and New Years so likely we will not have a meeting on that day but can advertise it just in case something comes up, an emergency, but it can always be cancelled. He noted this includes 11 meetings because as suggested November would not be included. He stated the date, time and location can be changed or it can be kept, and we will meet if there is business and if not, we will cancel.

August 24, 2023	Preston Cove CDD

TWELFTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

THIRTEENTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The Landowners’ meeting and Election of the Board of Supervisors of the Preston Cove Community Development District was held Tuesday, November 7, 2023 at 9:00 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present were:

Owais Khanani Jason Showe

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. Showe stated that she had been provided with a proxy form on behalf of Elevation Preston Cove, LLC authorizing them to cast 339 votes.

SECOND ORDER OF BUSNESS	Call to Order
Mr. Showe stated we will go ahead and call to order the Landowner’s meeting.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purpose of
Conducting Landowners’ Meeting
Mr. Showe was designated as the Chair for purposes of running the Landowner’s meeting.

FOURTH ORDER OF BUSINESS	Nominations	for	the	Positions	of
Supervisor
Mr. Showe stated that the proxy form he was provided nominated Jeff Garno to Seat 3, Mike Rich to Seat 4, and Maria Rust to Seat 5.

FIFTH ORDER OF BUSINESS	Casting of Ballots
Mr. Showe noted that the proxy form casted 339 votes for Jeff Garno, 339 votes for Mike Rich, and 338 votes for Maria Rust.
November 7, 2023	Preston Cove CDD

SIXTH ORDER OF BUSINESS	Ballot Tabulation
Mr. Showe stated that Mr. Garno and Mr. Rich will serve four-year terms and Ms. Rust will serve a two-year term.

SEVENTH ORDER OF BUSINESS	Landowners Questions and Comments
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. Showe stated at this time we will adjourn the landowners’ meeting.

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Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS
951 Yamato Road • Suite 280 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

September 19, 2023 Board of Supervisors
Preston Cove Community Development District
219 East Livingston Street Orlando, FL 32801

We are pleased to confirm our understanding of the services we are to provide Preston Cove Community Development District, Osceola County, Florida ("the District") for the fiscal year ended September 30, 2023. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Preston Cove Community Development District as of and for the fiscal year ended September 30, 2023. In addition, we will examine the District's compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2023 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the District's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District's RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures de not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management's Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor's report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District's financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.
Preston Cove Community Development District	Page2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District's compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District's compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with. the information required for. the examination. The accuracy and completeness of such information is also management's responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Preston Cove Community Development District	Page3

Audit Procedures-General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and gra_nt agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures-Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures-Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District's compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager ("Public Records Custodian"). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
Preston Cove Community Development District	Page4

IF GRAU &ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES - CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.

Our fee for these services will not exceed $4,100 for the September 30, 2023 audit, unless there is a change in activity by the District which results in additional audit work or if Bonds are issued.

We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

All accounting records (including, but not limited to, trial balances, general ledger detail, vendor files, bank and trust statements, minutes, and confirmations) for the fiscal year ended September 30, 2023 must be provided to us no later than March 1, 2024, in order for us to complete the engagement by June 1, 2024.

Subject to timely receipt of the necessary information, we will submit a preliminary draft audit report by May 15, 2024 for the District's review, and a final draft audit report by June 1, 2024 for the District's review and approval.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out­ of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2023 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Preston Cove Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau RESPONSE:
This letter correctly sets forth the understanding of Preston Cove Community Development District. By ciAtUI-ct JiLt1!i
Title: D,·strt +	man
Date: oq/ao/a  0  3
Preston Cove Community Development District	Page 5

Peer Review Program
FlondlInstitute ot CertJfied Public;,t,cauililnts
FICPA Peer Review Program Administered in Florida
bv The Flolida Institute of CPAs

AICPA Peer Review Program
Administered in Flortda by the Florida Institute of CPAs

March 17, 2023

Antonio Grau
Grau & Associates
951 Yamato Rd Ste 280
Boca Raton, FL 33431-1809 Dear Antonio Grau:
It is my pleasure to notify you that on March 16, 2023, the Florida Peer Review Committee accepted the report on the most recent System Review of your finn. The due date for your next review is December 31, 2025. This Is the da18 by which all review documents should be completed and submitted to the administering entity.

As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the ftnn.

Thank you for your cooperation. Sincerely,

Peer Review Teem
FICPA Peer Review Committee 850.224.2727, x5957
cc: Daniel Hevia, Racquel McIntosh

Finn Number: 900004390114	Review Number: 594791

119 S Monroe Street, Suite 121I Tallahassee. Fl 32301I 8 0.224.2727, ln Florida I	,fie a.or

!!"#$%& 6

Preston Cove COD

This Data Sharing And Usage Agreement, hereafter referred to as "Agreement," establishes the terms and conditions under which the Preston Cove COD, hereafter referred to as agency, can acquire and use Osceola County Property Appraiser (OCPA) data that is exempt from Public Records disclosure as defined in FS 119.071.
Please note the referenced statute has amended as of October 1, 2021. The paragraph below reflects the changes.

The confidentiality of personal identifying and location information including: names, mailing address, or any other descriptive property information that may reveal identity or home·address pertaining to parcels owned by individuals that have received exempt/confidential status, hereafter referred to as confidential personal identifying and location information, will be protected as follows:
The agency will not release confidential personal identifying and location information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential personal identifying and location information in the results of data analysis (including maps) in any manner that would reveal personal identifying and location information of individuals exempted from Public Records disclosure.
The agency shall comply with all State laws and regulations governing the confidentiality of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying and location information is released.
The terms of this Agreement shall commence on January 1, 2024 and shall run until December 31, 2024, the date if signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually for the following year.
IN WITNESS THEREOF, both the Osceola County Property Appraiser, through its duly authorized representative, and the agency, through its duly authorized representative, have hereunto executed this Data Sharing and Usage Agreement as of the last below written date.

OSCEOLA COUNTY PROPERTY APPRAISER

Signature:	 _ Print:	Katrina S. Scarborough
Preston Cove COD
Signature:		 :1_·,	..,.  s===--.....	 _ Print:		;G-.=--· --' ,.-J-\-c..=--....:.'5....;;.'--'-f: ; l _•-.....s L		_
Date:	 _
Title:	
_,·:t), -,_,:\........_:\::=-r_,_, _.._=}---=--f\A_ •...c:.J=--c.-::...g-¼""-'-----	

Date:	( ..(..._l 'B-''--t-\-·2-_'(....,..,.----------	
Please returned signed original copy, no later than January 31, 2024

2505 E IRLO BRONSON MEMORIAL HWY KISSIMMEE, FL 34744
(407) 742-5000
INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

!!"#$%& 7

REBATE REPORT
$11,610,000
Preston Cove Community Development District
(Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022

Dated: February 28, 2022
Delivered: February 28, 2022

Rebate Report to the Computation Date May 1, 2026
Reflecting Activity To September 30, 2023

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	15	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	27	

October 13, 2023

Preston Cove Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$11,610,000 Preston Cove Community Development District (Osceola County, Florida), Special
Assessment Revenue Bonds, Series 2022	

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Preston Cove Community Development District (the “District”).

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of April 30, 2024. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the May 1, 2026 Computation Date
Reflecting Activity from February 28, 2022 through September 30, 2023

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	0.693709%	10,079.91	(56,178.82)	
Debt Service Reserve Fund	2.768099%	29,541.94	(15,307.24)	
Capitalized Interest Fund	0.884235%	1,520.88	(6,254.65)	
Costs of Issuance Account	0.258714%	17.05	(288.74)	
Totals	1.521159%	$41,159.78	$(78,029.45)	
Bond Yield	4.033626%			
Rebate Computation Credits	(4,356.43)			
Net Rebatable Arbitrage	$(82,385.88)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from February 28, 2022, the date of the closing, to September 30, 2023, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of May 1, 2026.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between February 28, 2022 and September 30, 2023, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
May 1, 2026.

Computation Period
The period beginning on February 28, 2022, the date of the closing, and ending on September 30, 2023.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on May 1st, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds.
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Funds / Accounts	Account Number	
Revenue Account	245397000	
Interest Account	245397001	
Sinking Fund Account	245397002	
Debt Service Reserve Fund	245397003	
Prepayment Account	245397004	
Acquisition & Construction Fund	245397005	
Costs of Issuance Account	245397006	
Capitalized Interest Fund	245397007	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of September 30, 2023, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to May 1, 2026. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on May 1, 2026, is the Rebatable Arbitrage.
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Delivered: February 28, 2022

Par Amount	$11,610,000.00	
Net Original Issue Discount	-1,201.50	
Total	$11,608,798.50	

Acquisition & Construction Fund	$10,193,542.25	
Debt Service Reserve Fund	670,237.50	
Capitalized Interest Fund	308,643.75	
Costs of Issuance Account	204,175.00	
Underwriter’s Discount	232,200.00	
Total	$11,608,798.50	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD

$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022

Date	

Debt Service	Present Value to 02/28/2022
@ 4.0336255579%	
05/01/2022	80,018.75	79,461.48	
11/01/2022	228,625.00	222,544.49	
05/01/2023	443,625.00	423,289.40	
11/01/2023	225,131.25	210,564.63	
05/01/2024	445,131.25	408,099.41	
11/01/2024	221,556.25	199,108.65	
05/01/2025	451,556.25	397,783.02	
11/01/2025	217,818.75	188,086.62	
05/01/2026	452,818.75	383,279.22	
11/01/2026	214,000.00	177,555.00	
05/01/2027	459,000.00	373,301.78	
11/01/2027	210,018.75	167,430.16	
05/01/2028	460,018.75	359,483.87	
11/01/2028	205,518.75	157,428.58	
05/01/2029	465,518.75	349,540.54	
11/01/2029	200,838.75	147,821.00	
05/01/2030	470,838.75	339,694.93	
11/01/2030	195,978.75	138,597.09	
05/01/2031	475,978.75	329,959.72	
11/01/2031	190,938.75	129,746.51	
05/01/2032	480,938.75	320,346.24	
11/01/2032	185,718.75	121,258.97	
05/01/2033	485,718.75	310,864.57	
11/01/2033	179,718.75	112,747.78	
05/01/2034	494,718.75	304,229.43	
11/01/2034	173,418.75	104,536.31	
05/01/2035	503,418.75	297,460.12	
11/01/2035	166,818.75	96,621.21	
05/01/2036	506,818.75	287,745.49	
11/01/2036	160,018.75	89,054.32	
05/01/2037	515,018.75	280,954.11	
11/01/2037	152,918.75	81,771.38	
05/01/2038	522,918.75	274,096.23	
11/01/2038	145,518.75	74,768.05	
05/01/2039	530,518.75	267,193.62	
11/01/2039	137,818.75	68,039.62	
05/01/2040	537,818.75	260,266.21	
11/01/2040	129,818.75	61,581.11	
05/01/2041	544,818.75	253,332.20	
11/01/2041	121,518.75	55,387.26	
05/01/2042	556,518.75	248,642.09	
11/01/2042	112,818.75	49,408.81	
05/01/2043	562,818.75	241,612.78	
11/01/2043	103,537.50	43,568.97	
05/01/2044	573,537.50	236,575.44	
11/01/2044	93,843.75	37,943.85	
05/01/2045	583,843.75	231,398.73	
11/01/2045	83,737.50	32,532.14	
05/01/2046	593,737.50	226,107.68	
11/01/2046	73,218.75	27,332.00	
05/01/2047	603,218.75	220,725.32	
11/01/2047	62,287.50	22,341.20	
05/01/2048	617,287.50	217,030.77	
11/01/2048	50,840.63	17,521.57	
05/01/2049	630,840.63	213,113.02	
11/01/2049	38,878.13	12,874.31	
05/01/2050	638,878.13	207,379.03	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD

$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022

Date	

Debt Service	Present Value to 02/28/2022
@ 4.0336255579%	
11/01/2050	26,503.13	8,432.81	
05/01/2051	656,503.13	204,757.64	
11/01/2051	13,509.38	4,130.16	
05/01/2052	668,509.38	200,339.84	
	20,335,793.79	11,608,798.50	
	
Proceeds Summary		

Delivery date	02/28/2022	
Par Value	11,610,000.00	
Premium (Discount)	-1,201.50	
Target for yield calculation	11,608,798.50	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE

$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
02/28/2022						
05/01/2022			80,018.75	80,018.75	80,018.75	
11/01/2022			228,625.00	228,625.00		
05/01/2023	215,000	3.250%	228,625.00	443,625.00	672,250.00	
11/01/2023			225,131.25	225,131.25		
05/01/2024	220,000	3.250%	225,131.25	445,131.25	670,262.50	
11/01/2024			221,556.25	221,556.25		
05/01/2025	230,000	3.250%	221,556.25	451,556.25	673,112.50	
11/01/2025			217,818.75	217,818.75		
05/01/2026	235,000	3.250%	217,818.75	452,818.75	670,637.50	
11/01/2026			214,000.00	214,000.00		
05/01/2027	245,000	3.250%	214,000.00	459,000.00	673,000.00	
11/01/2027			210,018.75	210,018.75		
05/01/2028	250,000	3.600%	210,018.75	460,018.75	670,037.50	
11/01/2028			205,518.75	205,518.75		
05/01/2029	260,000	3.600%	205,518.75	465,518.75	671,037.50	
11/01/2029			200,838.75	200,838.75		
05/01/2030	270,000	3.600%	200,838.75	470,838.75	671,677.50	
11/01/2030			195,978.75	195,978.75		
05/01/2031	280,000	3.600%	195,978.75	475,978.75	671,957.50	
11/01/2031			190,938.75	190,938.75		
05/01/2032	290,000	3.600%	190,938.75	480,938.75	671,877.50	
11/01/2032			185,718.75	185,718.75		
05/01/2033	300,000	4.000%	185,718.75	485,718.75	671,437.50	
11/01/2033			179,718.75	179,718.75		
05/01/2034	315,000	4.000%	179,718.75	494,718.75	674,437.50	
11/01/2034			173,418.75	173,418.75		
05/01/2035	330,000	4.000%	173,418.75	503,418.75	676,837.50	
11/01/2035			166,818.75	166,818.75		
05/01/2036	340,000	4.000%	166,818.75	506,818.75	673,637.50	
11/01/2036			160,018.75	160,018.75		
05/01/2037	355,000	4.000%	160,018.75	515,018.75	675,037.50	
11/01/2037			152,918.75	152,918.75		
05/01/2038	370,000	4.000%	152,918.75	522,918.75	675,837.50	
11/01/2038			145,518.75	145,518.75		
05/01/2039	385,000	4.000%	145,518.75	530,518.75	676,037.50	
11/01/2039			137,818.75	137,818.75		
05/01/2040	400,000	4.000%	137,818.75	537,818.75	675,637.50	
11/01/2040			129,818.75	129,818.75		
05/01/2041	415,000	4.000%	129,818.75	544,818.75	674,637.50	
11/01/2041			121,518.75	121,518.75		
05/01/2042	435,000	4.000%	121,518.75	556,518.75	678,037.50	
11/01/2042			112,818.75	112,818.75		
05/01/2043	450,000	4.125%	112,818.75	562,818.75	675,637.50	
11/01/2043			103,537.50	103,537.50		
05/01/2044	470,000	4.125%	103,537.50	573,537.50	677,075.00	
11/01/2044			93,843.75	93,843.75		
05/01/2045	490,000	4.125%	93,843.75	583,843.75	677,687.50	
11/01/2045			83,737.50	83,737.50		
05/01/2046	510,000	4.125%	83,737.50	593,737.50	677,475.00	
11/01/2046			73,218.75	73,218.75		
05/01/2047	530,000	4.125%	73,218.75	603,218.75	676,437.50	
11/01/2047			62,287.50	62,287.50		
05/01/2048	555,000	4.125%	62,287.50	617,287.50	679,575.00	
11/01/2048			50,840.63	50,840.63		
05/01/2049	580,000	4.125%	50,840.63	630,840.63	681,681.26	
11/01/2049			38,878.13	38,878.13		
05/01/2050	600,000	4.125%	38,878.13	638,878.13	677,756.26	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE

$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2050			26,503.13	26,503.13		
05/01/2051	630,000	4.125%	26,503.13	656,503.13	683,006.26	
11/01/2051			13,509.38	13,509.38		
05/01/2052	655,000	4.125%	13,509.38	668,509.38	682,018.76	
	11,610,000		8,725,793.79	20,335,793.79	20,335,793.79	
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Acquisition & Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)

02/28/22	Beg	Bal	-10,193,542.25	-12,042,987.88	
03/01/22			756,812.24	893,825.50	
03/01/22			16,262.40	19,206.54	
03/01/22			400,633.96	473,164.72	
03/02/22			-0.11	-0.13	
03/04/22			3,334,066.80	3,936,355.93	
03/07/22			151,800.02	179,162.60	
03/16/22			1,212,153.74	1,429,221.87	
03/16/22			101,671.00	119,877.88	
03/16/22			90,000.00	106,116.88	
03/16/22			20,866.56	24,603.27	
03/16/22			1,000.00	1,179.08	
03/16/22			74,800.00	88,194.91	
03/16/22			21,748.94	25,643.66	
03/24/22			6,526.08	7,687.92	
03/24/22			96,144.56	113,261.22	
03/24/22			12,290.00	14,477.99	
03/24/22			294,293.85	346,687.13	
03/29/22			101,182.00	119,129.39	
03/30/22			112,429.00	132,356.67	
04/04/22			-3.41	-4.01	
04/08/22			61,563.33	72,410.94	
04/11/22			110,102.08	129,459.24	
04/13/22			56,948.00	66,945.23	
04/18/22			21,848.02	25,669.20	
05/03/22			-3.30	-3.87	
05/03/22			121,594.88	142,624.11	
05/03/22			7,000.00	8,210.62	
05/03/22			16,461.50	19,308.43	
05/05/22			110,744.48	129,868.37	
05/05/22			125.00	146.59	
05/06/22			68,203.84	79,972.74	
05/11/22			186,651.25	218,737.45	
05/27/22			50,076.00	58,580.23	
05/27/22			803.00	939.37	
05/27/22			8,400.00	9,826.54	
05/27/22			20,076.96	23,486.56	
05/27/22			130,220.64	152,335.54	
05/27/22			21,682.00	25,364.18	
05/27/22			13,200.00	15,441.71	
05/27/22			117,448.32	137,394.15	
05/27/22			193,909.40	226,840.34	
06/02/22			3,390.00	3,963.51	
06/02/22			10,874.47	12,714.19	
06/02/22			-90.65	-105.99	
06/03/22			21,131.00	24,703.15	
06/08/22			152,129.04	177,747.54	
06/15/22			321,583.55	375,446.51	
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Acquisition & Construction Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)	
06/15/22		19,200.00	22,415.86	
06/17/22		23,330.00	27,231.57	
06/17/22		219,926.35	256,705.49	
06/22/22		11,400.00	13,299.09	
06/23/22		21,600.00	25,195.48	
06/23/22		62,475.76	72,875.30	
06/23/22		123,687.58	144,276.28	
06/27/22		36,540.00	42,603.44	
06/27/22		171,677.20	200,165.28	
06/27/22		332,835.68	388,066.37	
06/27/22		29,325.00	34,191.18	
06/27/22		85,686.00	99,904.72	
07/01/22		3,248.00	3,785.29	
07/05/22		-282.64	-329.25	
07/22/22		-16,009.08	-18,613.93	
08/02/22		-542.59	-630.18	
08/02/22		-7.97	-9.26	
09/02/22		-877.80	-1,016.11	
10/04/22		-1,010.78	-1,165.90	
11/02/22		-1,370.98	-1,576.47	
12/02/22		-1,710.64	-1,960.50	
12/22/22		-0.82	-0.94	
01/04/23		-1,956.37	-2,234.18	
02/02/23		-2,081.92	-2,370.18	
03/02/23		-1,996.85	-2,265.78	
03/27/23		199,152.17	225,347.92	
03/27/23		257,549.28	291,426.37	
04/04/23		-2,278.10	-2,575.75	
05/02/23		-2,332.81	-2,629.43	
06/02/23		-2,542.12	-2,855.83	
06/06/23		3,150.00	3,537.16	
07/05/23		-2,494.92	-2,792.57	
08/02/23		-2,614.03	-2,917.14	
08/25/23		7,434.40	8,275.31	
09/05/23		-2,719.41	-3,023.65	
09/30/23	MMkt Bal	7,443.49	8,253.32	
09/30/23	MMkt Acc	40.64	45.06	
05/01/26	TOTALS:	10,079.91	-56,178.82	

ISSUE DATE:	02/28/22	REBATABLE ARBITRAGE:	-56,178.82	
COMP DATE:	05/01/26	NET INCOME:	10,079.91	
BOND YIELD: 4.033626%	TAX INV YIELD:	0.693709%	
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)

02/28/22	Beg	Bal	-670,237.50	-791,840.74	
03/02/22			0.11	0.13	
04/04/22			3.41	4.01	
05/03/22			3.30	3.87	
06/02/22			90.65	105.99	
07/05/22			282.64	329.25	
08/02/22			542.59	630.18	
09/02/22			877.80	1,016.11	
10/04/22			1,010.78	1,165.90	
11/02/22			1,370.98	1,576.47	
12/02/22			1,710.64	1,960.50	
12/22/22			0.82	0.94	
01/04/23			1,956.37	2,234.18	
02/02/23			2,081.92	2,370.18	
03/02/23			1,996.85	2,265.78	
04/04/23			2,278.10	2,575.75	
05/02/23			2,332.81	2,629.43	
06/02/23			2,542.12	2,855.83	
07/05/23			2,494.92	2,792.57	
08/02/23			2,614.03	2,917.14	
09/05/23			2,719.41	3,023.65	
09/30/23	MMkt Bal	670,237.50	743,157.64		
09/30/23	MMkt Acc	2,631.69	2,918.01		
05/01/26	TOTALS:	29,541.94	-15,307.24		

ISSUE DATE:	02/28/22	
REBATABLE ARBITRAGE:	
-15,307.24			
COMP DATE:	05/01/26	NET INCOME:	29,541.94			
BOND YIELD: 4.033626%	TAX INV YIELD:	2.768099%			
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Capitalized Interest Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)	
02/28/22	Beg Bal	-308,643.75	-364,641.93	
05/02/22		77,478.47	90,888.07	
11/01/22		228,625.00	262,921.42	
05/01/23		4,046.86	4,561.93	
09/30/23	de minimis	14.30	15.86	
05/01/26	TOTALS:	1,520.88	-6,254.65	

ISSUE DATE:	02/28/22	REBATABLE ARBITRAGE:	-6,254.65	
COMP DATE:	05/01/26	NET INCOME:	1,520.88	
BOND YIELD: 4.033626%	TAX INV YIELD:	0.884235%	
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Costs of Issuance Account

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)

02/28/22	Beg	Bal	-204,175.00	-241,219.10	
02/28/22			35,000.00	41,350.16	
02/28/22			6,000.00	7,088.60	
02/28/22			1,500.00	1,772.15	
02/28/22			35,000.00	41,350.16	
02/28/22			59,950.00	70,826.91	
02/28/22			45,000.00	53,164.49	
03/10/22			5,725.00	6,754.71	
07/22/22			16,009.08	18,613.93	
08/02/22			7.97	9.26	
05/01/26	TOTALS:	17.05	-288.74		

ISSUE DATE:	02/28/22	
REBATABLE ARBITRAGE:	
-288.74			
COMP DATE:	05/01/26	NET INCOME:	17.05			
BOND YIELD: 4.033626%	TAX INV YIELD:	0.258714%			
$11,610,000
Preston Cove Community Development District (Osceola County, Florida)
Special Assessment Revenue Bonds, Series 2022 Rebate Computation Credits

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.033626%)	
05/01/22		-1,830.00	-2,146.97	
05/01/23		-1,960.00	-2,209.46	
05/01/26	TOTALS:	-3,790.00	-4,356.43	

ISSUE DATE:	02/28/22	REBATABLE ARBITRAGE: -4,356.43 COMP DATE:	05/01/26
BOND YIELD: 4.033626%

!!"#$%& 8
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024 GENERAL FUND BUDGET
DEFICIT FUNDING AGREEMENT

THIS PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024 GENERAL FUND BUDGET DEFICIT FUNDING AGREEMENT (the “Agreement”), effective
as of the 25th day of January, 2024 (the “Effective Date”), between:

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government created under Chapter 190, Florida Statutes, whose mailing address is 219 E. Livingston Street, Orlando, Florida 32801 (the “District”);

ELEVATION PRESTON COVE LLC, a Florida limited liability company, whose mailing address is 189 South Orange Avenue, Suite 1550, Orlando, Florida 32801 (the “Developer”); and

RECITALS

Whereas, the District is a local unit of special-purpose government established by Ordinance No.
2021-54 by the Board of County Commissioners of Osceola County, Florida; and

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

Whereas, the District has adopted its general fund budget for its Fiscal Year 2024 operations and maintenance expenses in the amount of $681,438, which fiscal year commences on October 1, 2023, and concludes on September 30, 2024 (“Fiscal Year 2024 Budget”); and

Whereas, the Fiscal Year 2024 Budget, which all parties recognize may be amended from time to time in the sole discretion of the District, subject to the rights set forth in Section 1 herein, is attached hereto and incorporated herein by reference as Exhibit “A”; and

Whereas, the District has budgeted $439,809, for the Fiscal Year 2024 Budget, which is to be funded by the levy of assessments on benefited parcels; and

Whereas, the Developer presently owns and/or is developing real property described in Exhibit “B”, attached hereto and incorporated herein (the “Developer Property”), within the District, which property will benefit from the timely construction and acquisition of the District’s facilities, activities and services and from the continued operations of the District; and

Whereas, the Developer has informed the District that there may be additional improvements resulting in additional operation and/or maintenance costs during Fiscal Year 2024 that are not accounted for in the Fiscal Year 2024 Budget; and
Whereas, the assessments imposed by the District upon the benefited lands to fund the Fiscal Year 2024 Budget may result in a deficit in revenues received by the District in the event additional improvements or field activities are required during Fiscal Year 2024; and

Whereas, the Developer has requested, and the District has agreed that the District shall not levy operation and maintenance assessments in excess of $439,809 to fund the Fiscal Year 2024 Budget and instead allow Developer to fund a pro-rata share of monies needed in excess of the $439,809 levied to fund the current amounts provided in the Fiscal Year 2024 Budget.

Now Therefore, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the parties do hereby agree as follows:

Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference.

Funding. Developer agrees to pay a pro-rata share of the District’s actual Fiscal Year 2024 Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget, within thirty (30) days of written request by the District. Developer shall be responsible for a one hundred sixty-six (166) lots or seventy percent (70%) share (the “Developer’s Share”) of any expenses which exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget, and Starlight Homes Florida L.L.C. shall be responsible for a seventy (70) lots or thirty percent (30%) share (the “Landowner’s Share”) of any expenses which exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget. The funds shall be placed in the District’s general checking account. Developer’s payment of funds pursuant to this Agreement in no way impacts Developer’s obligation to pay assessments on land it owns within the District. In no respect shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Developer Property, in accordance with Florida law to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s Fiscal Year 2024 Budget or otherwise.

Alternative methods of collection. In the event Developer fails to make its pro- rate share of payments due to the District pursuant to this Agreement, and the District first provides the Developer with written notice at the address identified in Section 5 of this Agreement of the delinquency and such delinquency is not cured within five (5) business days of the notice, then the District shall have the following remedies:

The District shall have the right to file a continuing lien upon the Developer Property for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys' fees, paralegals' fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District's lien. The lien shall be effective as of the date and time of the recording of a "Notice of Lien for FY 2023-2024 Budget" in the public records of Osceola County, Florida, stating among other things, the description of the real
property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for FY 2023-2024 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager's direction, the District may also bring an action at law against the record title holder to the Developer Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for portions of the Property subject to a plat if and when Developer has demonstrated, in the District's sole discretion; such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any of the property subject to this Agreement after the execution of this Agreement, Developer's rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining property owned by Developer.

In the alternative or in addition to the collection method set forth in 3.a., above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for Osceola County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that any party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services set out in Exhibit “A” would provide a special and peculiar benefit to the Developer Property, which benefit is determined in accordance with the District's adopted assessment methodology on file in the District's public records. Developer agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Developer Property equal to or in excess of the costs set out in Exhibit "A", as such may be amended by the District. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on the Developer's Property for collection either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Osceola County property appraiser.

Right to reimbursement. The Developer agrees to fund a pro-rata share of the District’s Fiscal Year 2024 Budget expenses in excess of the Fiscal Year 2024 Budget assessments collected without any reimbursement by the District.

NOTICE. All notices, payments and other communications under this Agreement (“Notices”) shall be in writing and delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:
If to District:	Preston Cove Community Development District
c/o Governmental Management Services – Central Florida, LLC 219 East Livingston Street,
Orlando, Florida 32801 Attention: District Manager

Copy to:	Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, District Counsel

If to Developer:	Elevation Preston Cove LLC
189 S. Orange Avenue, Suite 1550,
Orlando, Florida 32801 Attention: Owais Khanani

Except as otherwise provided in this Agreement, any Notice shall be deemed received upon actual delivery at the address set forth above, which may be evidenced by confirmation of delivery via overnight delivery service, United States postal service certified mail or by courier service. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for each party may deliver Notice on behalf of the respective party he/she represents. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on at least five (5) days written notice to the parties and addressees set forth herein.

Amendment. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

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

Assignment. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other. Any purported assignment without such consent shall be void.

Default. A default by any party under this Agreement shall entitle all others to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce
any and all payment obligations under this Agreement through the imposition and enforcement of a contractual or other lien on property owned by the Developer.

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

Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto and no right or cause of action shall accrue upon or by reason of, to or for the benefit of any third party not a formal party to this Agreement other than to successor and assigns of the parties as provided herein. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the parties and their respective representatives, successors, and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement.

Applicable Law and Venue. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in Osceola County, Florida.

Effective Date. This Agreement shall be effective after execution by all of the parties
hereto.

Public Records. The parties understand and agree that all documents of any kind provided to the District may be public records and treated as such in accordance with Florida law.

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

Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of immunity or limit of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.
Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature pages and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document physically to form one document.

[SIGNATUTES FOLLOW ON NEXT PAGE]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed affective as of the day and year first above written.

ATTEST:	DISTRICT:

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT,
Secretary/Asst. Secretary	a Florida community development district

By:		 Shaman Foradi
Chairman, Board of Supervisors

WITNESSES:	DEVELOPER:

Signed, sealed and delivered in the
presence of:	ELEVATION PRESTON COVE LLC, a Florida limited liability company

By:	 Print: Owais Khanani
Title: Manager

Exhibit “A” Exhibit “B”

Fiscal Year 2024 General Fund Budget Developer Property
Exhibit “A”

Fiscal Year 2024 General Fund Budget

Preston Cove
Community Development District

Amended Budget
FY2024

6MS

Table of Contents

1-2		General Fund
Preston Cove
Community Development District
Amended Budget General Fund

Revenues

Assessments-On Roll	$	388,556	$	0	$	388,556	
Assessments-Direct	$	51,253	$	(51,253)	$	-	
Developer Contributions	$	241,629	$	51,253	$	292,882	
Total Revenues	$	681,438	$	-	$	681,438	

Expenditures				
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	918	
Engineering Fees	$	15,000	$	-	$	15,000	
Attorney Fees	$	25,000	$	-	$	25,000	
Annual Audit	$	4,100	$	-	$	4,100	
Assessment Administration	$	5,300	$	-	$	5,300	
Arbitrage	$	450	$	-	$	450	
Dissemination Fees	$	5,000	$	-	$	5,000	
Trustee Fees	$	4,500	$	-	$	4,500	
Management Fees	$	37,100	$	-	$	37,100	
Information Technology	$	1,800	$	-	$	1,800	
Website Maintenance	$	1,200	$	-	$	1,200	
Telephone	$	300	$	-	$	300	
Postage & Delivery	$	800	$	-	$	800	
Insurance	$	5,913	$	-	$	5,913	
Printing & Binding	$	700	$	-	$	700	
Legal Advertising	$	8,000	$	-	$	8,000	
Other Current Charges	$	2,200	$	-	$	2,200	
Office Supplies	$	500	$	-	$	500	
Dues, Licenses & Subscriptions	$	175	$	-	$	175	
Total General & Administrative	$	130,956	$	-	$	130,956	
Preston Cove
Community Development District
Amended Budget General Fund

Adopted Budget	
Increase/	Amended Budget	
Description	FY2024	Decrease	FY2024	

Operations & Maintenance			
Field Expenditures			
Field Management	$	15,000	$	-	$	15,000	
Landscape Maintenance	$	150,000	$	-	$	150,000	
Landscape Replacement	$	5,000	$	-	$	5,000	
Lake Maintenance	$	15,062	$	-	$	15,062	
Streetlights	$	103,400	$	-	$	103,400	
Electric	$	5,000	$	-	$	5,000	
Water & Sewer	$	2,400	$	-	$	2,400	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	5,000	
Irrigation Repairs	$	3,000	$	-	$	3,000	
Irrigation - Usage	$	30,000	$	-	$	30,000	
General Repairs & Maintenance	$	15,000	$	-	$	15,000	
Contingency	$	10,000	$	-	$	10,000	
Subtotal Field Expenditures	$	358,862	$	-	$	358,862	

Amenity Expenditures			
Staffing	$	75,000	$	-	$	75,000	
Property Insurance	$	20,000	$	-	$	20,000	
Amenity - Electric	$	15,000	$	-	$	15,000	
Amenity - Water	$	6,000	$	-	$	6,000	
Dues, License, Permits	$	500	$	-	$	500	
Internet	$	2,400	$	-	$	2,400	
Pest Control	$	720	$	-	$	720	
Janitorial Services	$	12,000	$	-	$	12,000	
Security Services	$	5,000	$	-	$	5,000	
Pool Mainteance	$	15,000	$	-	$	15,000	
Amenity Repairs & Maintenance	$	15,000	$	-	$	15,000	
Special Events	$	7,500	$	-	$	7,500	
Holiday Decorations	$	2,500	$	-	$	2,500	
Contingency	$	15,000	$	-	$	15,000	
Subtotal Amenity Expenditures	$	191,620	$	-	$	191,620	
			
Total Operations & Maintenance	$	550,482	$	-	$	550,482	
			
Total Expenditures	$	681,438	$	-	$	681,438	
			
Excess Revenues/(Expenditures)	$	-	$	-	$	-	
Exhibit “B”

Developer Property

Tract FD, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80 through 88 of the Public Records of Osceola County, Florida,

LESS AND EXCEPT:

Lots 338-342, 357-366, 397-401, 404-435, 437-450, and 452 - 455, Preston Cove Phase 3, according to the plat thereof to be recorded in the Public Records of Osceola County, Florida, which is replat of Tract "FD" as set forth on the "Phase 1 and 2 Plat", and are more particularly described below:

Lots 338 through 342, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N89°57'07"E, a distance of 708.97 feet to the Point of Curve, Concave to the North, having a Radius of 75.00 feet and a Central Angle of 40°59'40", thence run Easterly along said curve, a distance of 53.66 feet (Chord Bearing = N69°27'17"E, Chord = 52.52 feet) to the Point of Beginning; thence continue along said Curve, Concave Northwesterly, having a Radius of 75.00 feet and a Central Angle of 27°50'51"; thence run Northeasterly along said curve a distance of 36.45 feet (Chord Bearing = N35°02'02"E, Chord = 36.09 feet); thence N21°06'36"E, a distance of 126.98 feet to the Point of Curvature of a curve, Concave to the Southwest, having a Radius of 50.00 feet and a Central Angle of 91°16'03"; thence run Northwesterly along the Arc of said curve, a distance of 79.65 feet (Chord Bearing = N24°31'25"W, Chord = 71.49 feet); thence N19°50'33"E, a distance of 128.52 feet; thence N89°57'07"E, a distance of 181.16 feet; thence S21°06'36"W, a distance of 377.90 feet; thence S89°47'11"W, a distance of
109.05 feet; thence N41°02'33"W, a distance of 25.00 feet to the Point of Beginning.

Lots 357 through 361, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N11°36'41"W, a distance of 51.04 feet to the Point of Beginning;
thence N00°40'33"E, a distance of 302.28 feet; thence N89°57'07"E, a distance of 214.53 feet; thence S00°02'53"E, a distance of 115.00 feet; thence S89°57'07"W, a distance of 26.47 feet to the Point of Curvature of a curve, Concave to the Southeast, having a Radius of 75.00 feet and a Central Angle of 90°00'00"; thence run Southwesterly along the Arc of said curve, a distance of 117.81 feet (Chord Bearing = S44°57'07"W, Chord = 106.07 feet); thence S00°02'53"E, a distance of 87.26 feet to the Point of Curvature of a curve, Concave to the Northwest, having a Radius of 25.00 feet and a Central Angle of 90°00'00"; thence run Southwesterly along the Arc of said curve, a distance of 39.27 feet (Chord Bearing = S44°57'07"W, Chord
= 35.36 feet); thence S89°57'07"W, a distance of 91.87 feet to the Point of Beginning.

Lots 362 through 366, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N89°57'07"E, a distance of 177.38 feet; thence N00°02'53"W, a distance of 59.68 feet to the Point of Beginning; thence N00°02'53"W, a distance of 124.89 feet to a Point on a Non-Tangent Curve, Concave to the South, having a Radius of 25.00 feet and a Central Angle of 26°46'56"; thence run Easterly along the arc of said curve, a distance of 11.69 feet (Chord Bearing = N76°33'39"E, Chord
= 11.58 feet); thence N89°57'07"E, a distance of 227.47 feet to the Point of Curvature of a curve concave to the South, having a Radius of 25.00 feet and a Central Angle of 26°46'18"; thence run Easterly along the Arc of said curve, a distance of 11.68 feet (Chord Bearing = S76°39'44"E, Chord = 11.58 feet); thence S00°02'53"E, a distance of 124.90 feet to a Point on a Non- Tangent Curve, Concave to the North, having a Radius of 25.00 feet and a Central Angle of 26°46'18"; thence run Westerly along the arc of said curve, a distance of 11.68 feet (Chord Bearing = S76°33'58"W, Chord = 11.58 feet); thence S89°57'07"W, a distance of 227.47 feet to the Point of Curvature of a curve, Concave to the North, having a Radius of 25.00 feet and a Central Angle of 26°46'56"; thence run Westerly along the Arc of said curve, a distance of 11.69 feet (Chord Bearing = N76°39'25"W, Chord = 11.58 feet) to the Point of Beginning.

Lots 397 through 401, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 61.95 feet; thence N00°01'46"W, a distance of 35.93 feet; thence S89°53'46"W, a distance of 39.19 feet; thence N00°06'14"W, a distance of 49.89 feet to the Point of Beginning; thence S89°57'07"W, a distance of 94.94 feet to the Point of Curvature of a curve, Concave to the Northeast, having a Radius of 25.00 feet and a Central Angle of 84°10'57"; thence run Northwesterly along the Arc of said curve, a distance of 36.73 feet (Chord Bearing = N47°57'24"W, Chord = 33.52 feet) to a Point of Reverse Curve, Concave to the West having a Radius of 225.00 feet and a Central Angle of 04°26'30"; thence
Northerly along the arc, a distance of 17.44 feet, (Chord Bearing = N08°05'11"W, Chord = 17.44 feet); thence N10°18'26"W, a distance of 87.25 feet to the Point of Curvature of a curve, Concave to the East, having a Radius of 575.00 feet and a Central Angle of 07°32'25"; thence run Northerly along the Arc of said curve, a distance of 75.67 feet (Chord Bearing = N06°32'13"W, Chord = 75.62 feet); thence N02°46'01"W, a distance of 74.36 feet; thence N89°57'07"E, a distance of 149.86 feet; thence S00°02'53"E, a distance of 275.00 feet to the Point of Beginning.

Lots 404 through 435, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55,

PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence the following six (6) courses and distances along the South boundary line of Tract FD, PRESTON COVE PHASE 1 AND 2: thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 61.95 feet; thence N00°01'46"W, a distance of 35.93 feet; thence S89°53'46"W, a distance of 132.89 feet; thence N00°02'53"W, a distance of 42.40 feet; thence S89°57'07"W, a distance of 101.05 feet to the Point of Beginning; thence S89°57'07"W, a distance of
820.21 feet to the Point of Curvature of a curve, Concave to the Northeast, having a Radius of 25.00 feet and a Central Angle of 83°09'08"; thence departing said South boundary line, run Northwesterly along the Arc of said curve, a distance of 36.28 feet (Chord Bearing = N48°28'18"W, Chord = 33.18 feet) to a Point of Compound Curve, Concave to the East having a Radius of 275.00 feet and a Central Angle of 06°59'41"; thence Northerly along the arc, a distance of 33.57 feet, (Chord Bearing= N03°23'54"W, Chord =33.55 feet); thence N00°05'57"E, a distance of 149.55 feet to the Point of Curvature of a curve, Concave to the Southeast, having a Radius of 25.00 feet and a Central Angle of 89°51'11"; thence run Northeasterly along the Arc of said curve, a distance of 39.21 feet (Chord Bearing = N45°01'32"E, Chord = 35.31 feet); thence N89°57'07"E, a distance of 795.05 feet to the Point of Curvature of a curve, Concave to the Southwest, having a Radius of
25.00 feet and a Central Angle of 87°16'52"; thence run Southeasterly along the Arc of said curve, a distance of 38.08 feet (Chord Bearing = S46°24'27"E, Chord = 34.51 feet); thence S02°46'01"E, a distance of 0.25 feet to the Point of Curvature of a curve, Concave to the East, having a Radius of 625.00 feet and a Central Angle of 07°32'25"; thence run Southerly along the Arc of said curve, a distance of 82.25 feet (Chord Bearing
= S06°32'13"E, Chord = 82.19 feet); thence S10°18'26"E, a distance of 87.25 feet to the Point of Curvature of a curve, Concave to the West, having a Radius of 175.00 feet and a Central Angle of 03°27'46"; thence run Southerly along the Arc of said curve, a distance of 10.58 feet (Chord Bearing = S08°34'33"E, Chord = 10.57 feet) to a Point of Compound Curve, Concave to the Northwest having a Radius of 25.00 feet and a Central Angle of 96°47'48"; thence Southwesterly along the arc, a distance of 42.24 feet, (Chord Bearing= S41°33'13"W, Chord =37.39 feet) to the Point of Beginning.

Lots 437 through 450, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Southwest corner of Tract FD, PRESTON COVE PHASE 1 AND 2, according to the plat thereof, as recorded in Plat Book 33, Pages 80-88 of the Public Records of Osceola County, Florida; thence N00°04'22"E, along the West line of said Tract FD, a distance of 307.50 feet; thence departing said West line, run N89°57'07"E, a distance of 246.90 feet to the Point of Beginning; thence N00°05'29"E, a distance of
115.00 feet; thence N89°57'07"E, a distance of 700.00 feet; thence S00°05'29"W, a distance of 115.00 feet; thence S89°57'07"W, a distance of 700.00 feet to the Point of Beginning.

Lots 452 through 455, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Southwest corner of Tract FD, PRESTON COVE PHASE 1 AND 2, according to the plat thereof, as recorded in Plat Book 33, Pages 80-88 of the Public Records of Osceola County, Florida; thence N89°57'07"E, along the South line of said Tract FD, a distance of 11.76 feet to the Point of Beginning; thence departing said South line, run N00°05'57"E, a distance of 207.50 feet; thence N89°57'07"E, a distance of
115.00 feet; thence S00°05'57"W, a distance of 124.36 feet to the Point of Curvature of a curve, concave to the East, having a Radius of 325.00 feet and a Central Angle of 12°21'23"; thence run Southerly along the Arc of said curve, a distance of 70.09 feet (Chord Bearing = S06°04'45"E, Chord = 69.95 feet); thence S12°15'27"E, a distance of 2.72 feet to the Point of Curvature of a curve, Concave to the West, having a Radius of 275.00 feet and a Central Angle of 02°19'03"; thence run Southerly along the Arc of said curve, a distance of 11.12 feet (Chord Bearing = S11°05'55"E, Chord = 11.12 feet); thence S89°57'07"W, a distance of 125.27 feet to the Point of Beginning.

!!"#$%& 9
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024 GENERAL FUND BUDGET
DEFICIT FUNDING AGREEMENT

THIS PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024 GENERAL FUND BUDGET DEFICIT FUNDING AGREEMENT (the “Agreement”), effective
as of the 25th day of January, 2024 (the “Effective Date”), between:

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government created under Chapter 190, Florida Statutes, whose mailing address is 219 E. Livingston Street, Orlando, Florida 32801 (the “District”);

STARLIGHT HOMES FLORIDA L.L.C., a Florida limited liability company, whose mailing address is 1064 Greenwood Boulevard, Suite 124, Lake Mary, Florida 32746 (the “Landowner”); and

RECITALS

Whereas, the District is a local unit of special-purpose government established by Ordinance No.
2021-54 by the Board of County Commissioners of Osceola County, Florida; and

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

Whereas, the District has adopted its general fund budget for its Fiscal Year 2024 operations and maintenance expenses in the amount of $681,438, which fiscal year commences on October 1, 2023, and concludes on September 30, 2024 (“Fiscal Year 2024 Budget”); and

Whereas, the Fiscal Year 2024 Budget, which all parties recognize may be amended from time to time in the sole discretion of the District, subject to the rights set forth in Section 1 herein, is attached hereto and incorporated herein by reference as Exhibit “A”; and

Whereas, the District has budgeted $439,809, for the Fiscal Year 2024 Budget, which is to be funded by the levy of assessments on benefited parcels; and

Whereas, the Landowner presently owns and/or is developing real property described in Exhibit “B”, attached hereto and incorporated herein (the “Landowner Property”), within the District, which property will benefit from the timely construction and acquisition of the District’s facilities, activities and services and from the continued operations of the District; and

Whereas, the Landowner has informed the District that there may be additional improvements resulting in additional operation and/or maintenance costs during Fiscal Year 2024 that are not accounted for in the Fiscal Year 2024 Budget; and
Whereas, the assessments imposed by the District upon the benefited lands to fund the Fiscal Year 2024 Budget may result in a deficit in revenues received by the District in the event additional improvements or field activities are required during Fiscal Year 2024; and

Whereas, the Landowner has requested, and the District has agreed that the District shall not levy operation and maintenance assessments in excess of $439,809 to fund the Fiscal Year 2024 Budget and instead allow Landowner to fund a pro-rata share of monies needed in excess of the $439,809 levied to fund the current amounts provided in the Fiscal Year 2024 Budget.

Now Therefore, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the parties do hereby agree as follows:

Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference.

Funding. Landowner agrees to pay a pro-rata share of the District’s actual Fiscal Year 2024 Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget, within thirty (30) days of written request by the District. Landowner shall be responsible for a seventy (70) lots or thirty percent (30%) share (the “Landowner’s Share”) of any expenses which exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget, and Elevation Preston Cove LLC shall be responsible for a one hundred sixty-six (166) lots or seventy percent (70%) share (the “Developer’s Share”) of any expenses which exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget. The funds shall be placed in the District’s general checking account. Landowner’s payment of funds pursuant to this Agreement in no way impacts Landowner’s obligation to pay assessments on land it owns within the District. In no respect shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Landowner Property, in accordance with Florida law to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s Fiscal Year 2024 Budget or otherwise.

Alternative methods of collection. In the event Landowner fails to make its pro- rate share of payments due to the District pursuant to this Agreement, and the District first provides the Landowner with written notice at the address identified in Section 5 of this Agreement of the delinquency and such delinquency is not cured within five (5) business days of the notice, then the District shall have the following remedies:

The District shall have the right to file a continuing lien upon the Landowner Property for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys' fees, paralegals' fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District's lien. The lien shall be effective as of the date and time of the recording of a "Notice of Lien for FY 2023-2024 Budget" in the public records of
Osceola County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for FY 2023-2024 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager's direction, the District may also bring an action at law against the record title holder to the Landowner Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for portions of the Property subject to a plat if and when Landowner has demonstrated, in the District's sole discretion; such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Landowner sells any of the property subject to this Agreement after the execution of this Agreement, Landowner's rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining property owned by Landowner.

In the alternative or in addition to the collection method set forth in 3.a., above, the District may enforce the collection of funds due under this Agreement by action against the Landowner in the appropriate judicial forum in and for Osceola County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that any party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services set out in Exhibit “A” would provide a special and peculiar benefit to the Landowner Property, which benefit is determined in accordance with the District's adopted assessment methodology on file in the District's public records. Landowner agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Landowner Property equal to or in excess of the costs set out in Exhibit "A", as such may be amended by the District. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on the Landowner's Property for collection either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Osceola County property appraiser.

Right to reimbursement. The Landowner agrees to fund a pro-rata share of the District’s Fiscal Year 2024 Budget expenses in excess of the Fiscal Year 2024 Budget assessments collected without any reimbursement by the District.
NOTICE. All notices, payments and other communications under this Agreement (“Notices”) shall be in writing and delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:	Preston Cove Community Development District
c/o Governmental Management Services – Central Florida, LLC 219 East Livingston Street,
Orlando, Florida 32801 Attention: District Manager

Copy to:	Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, District Counsel

If to Landowner:	Starlight Homes Florida L.L.C.
1064 Greenwood Boulevard, Suite 124, Lake Mary, Florida 32746
Attention: 	

Except as otherwise provided in this Agreement, any Notice shall be deemed received upon actual delivery at the address set forth above, which may be evidenced by confirmation of delivery via overnight delivery service, United States postal service certified mail or by courier service. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for each party may deliver Notice on behalf of the respective party he/she represents. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on at least five (5) days written notice to the parties and addressees set forth herein.

Amendment. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

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

Assignment. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other. Any purported assignment without such consent shall be void.
Default. A default by any party under this Agreement shall entitle all others to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement through the imposition and enforcement of a contractual or other lien on property owned by the Landowner.

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

Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto and no right or cause of action shall accrue upon or by reason of, to or for the benefit of any third party not a formal party to this Agreement other than to successor and assigns of the parties as provided herein. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the parties and their respective representatives, successors, and assigns. In the event the Landowner sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Landowner shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement.

Applicable Law and Venue. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in Osceola County, Florida.

Effective Date. This Agreement shall be effective after execution by all of the parties
hereto.

Public Records. The parties understand and agree that all documents of any kind provided to the District may be public records and treated as such in accordance with Florida law.

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

Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of immunity or limit of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

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

[SIGNATUTES FOLLOW ON NEXT PAGE]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed affective as of the day and year first above written.

ATTEST:	DISTRICT:

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT,
Secretary/Asst. Secretary	a Florida community development district

By:		 Shaman Foradi
Chairman, Board of Supervisors

WITNESSES:	LANDOWNER:

Signed, sealed and delivered in the
presence of:	STARLIGHT HOMES FLORIDA L.L.C., a
Florida limited liability company

By:	 Print: 	 Title: 	

Exhibit “A” Exhibit “B”
Fiscal Year 2024 General Fund Budget Landowner Property
Exhibit “A”

Fiscal Year 2024 General Fund Budget

Preston Cove
Community Development District

Amended Budget
FY2024

6MS

Table of Contents

1-2		General Fund
Preston Cove
Community Development District
Amended Budget General Fund

Revenues

Assessments-On Roll	$	388,556	$	0	$	388,556	
Assessments-Direct	$	51,253	$	(51,253)	$	-	
Developer Contributions	$	241,629	$	51,253	$	292,882	
Total Revenues	$	681,438	$	-	$	681,438	

Expenditures				
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	918	
Engineering Fees	$	15,000	$	-	$	15,000	
Attorney Fees	$	25,000	$	-	$	25,000	
Annual Audit	$	4,100	$	-	$	4,100	
Assessment Administration	$	5,300	$	-	$	5,300	
Arbitrage	$	450	$	-	$	450	
Dissemination Fees	$	5,000	$	-	$	5,000	
Trustee Fees	$	4,500	$	-	$	4,500	
Management Fees	$	37,100	$	-	$	37,100	
Information Technology	$	1,800	$	-	$	1,800	
Website Maintenance	$	1,200	$	-	$	1,200	
Telephone	$	300	$	-	$	300	
Postage & Delivery	$	800	$	-	$	800	
Insurance	$	5,913	$	-	$	5,913	
Printing & Binding	$	700	$	-	$	700	
Legal Advertising	$	8,000	$	-	$	8,000	
Other Current Charges	$	2,200	$	-	$	2,200	
Office Supplies	$	500	$	-	$	500	
Dues, Licenses & Subscriptions	$	175	$	-	$	175	
Total General & Administrative	$	130,956	$	-	$	130,956	
Preston Cove
Community Development District
Amended Budget General Fund

Adopted Budget	
Increase/	Amended Budget	
Description	FY2024	Decrease	FY2024	

Operations & Maintenance			
Field Expenditures			
Field Management	$	15,000	$	-	$	15,000	
Landscape Maintenance	$	150,000	$	-	$	150,000	
Landscape Replacement	$	5,000	$	-	$	5,000	
Lake Maintenance	$	15,062	$	-	$	15,062	
Streetlights	$	103,400	$	-	$	103,400	
Electric	$	5,000	$	-	$	5,000	
Water & Sewer	$	2,400	$	-	$	2,400	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	5,000	
Irrigation Repairs	$	3,000	$	-	$	3,000	
Irrigation - Usage	$	30,000	$	-	$	30,000	
General Repairs & Maintenance	$	15,000	$	-	$	15,000	
Contingency	$	10,000	$	-	$	10,000	
Subtotal Field Expenditures	$	358,862	$	-	$	358,862	

Amenity Expenditures			
Staffing	$	75,000	$	-	$	75,000	
Property Insurance	$	20,000	$	-	$	20,000	
Amenity - Electric	$	15,000	$	-	$	15,000	
Amenity - Water	$	6,000	$	-	$	6,000	
Dues, License, Permits	$	500	$	-	$	500	
Internet	$	2,400	$	-	$	2,400	
Pest Control	$	720	$	-	$	720	
Janitorial Services	$	12,000	$	-	$	12,000	
Security Services	$	5,000	$	-	$	5,000	
Pool Mainteance	$	15,000	$	-	$	15,000	
Amenity Repairs & Maintenance	$	15,000	$	-	$	15,000	
Special Events	$	7,500	$	-	$	7,500	
Holiday Decorations	$	2,500	$	-	$	2,500	
Contingency	$	15,000	$	-	$	15,000	
Subtotal Amenity Expenditures	$	191,620	$	-	$	191,620	
			
Total Operations & Maintenance	$	550,482	$	-	$	550,482	
			
Total Expenditures	$	681,438	$	-	$	681,438	
			
Excess Revenues/(Expenditures)	$	-	$	-	$	-	
Exhibit “B”

Landowner Property

Lots 338-342, 357-366, 397-401, 404-435, 437-450, and 452 - 455, Preston Cove Phase 3, according to the plat thereof to be recorded in the Public Records of Osceola County, Florida, which is replat of Tract "FD" as set forth on the "Phase 1 and 2 Plat", and are more particularly described below:

Lots 338 through 342, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N89°57'07"E, a distance of 708.97 feet to the Point of Curve, Concave to the North, having a Radius of 75.00 feet and a Central Angle of 40°59'40", thence run Easterly along said curve, a distance of 53.66 feet (Chord Bearing = N69°27'17"E, Chord = 52.52 feet) to the Point of Beginning; thence continue along said Curve, Concave Northwesterly, having a Radius of 75.00 feet and a Central Angle of 27°50'51"; thence run Northeasterly along said curve a distance of 36.45 feet (Chord Bearing = N35°02'02"E, Chord = 36.09 feet); thence N21°06'36"E, a distance of 126.98 feet to the Point of Curvature of a curve, Concave to the Southwest, having a Radius of 50.00 feet and a Central Angle of 91°16'03"; thence run Northwesterly along the Arc of said curve, a distance of 79.65 feet (Chord Bearing = N24°31'25"W, Chord = 71.49 feet); thence N19°50'33"E, a distance of 128.52 feet; thence N89°57'07"E, a distance of 181.16 feet; thence S21°06'36"W, a distance of 377.90 feet; thence S89°47'11"W, a distance of
109.05 feet; thence N41°02'33"W, a distance of 25.00 feet to the Point of Beginning.

Lots 357 through 361, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N11°36'41"W, a distance of 51.04 feet to the Point of Beginning; thence N00°40'33"E, a distance of 302.28 feet; thence N89°57'07"E, a distance of 214.53 feet; thence S00°02'53"E, a distance of 115.00 feet; thence S89°57'07"W, a distance of 26.47 feet to the Point of Curvature of a curve, Concave to the Southeast, having a Radius of 75.00 feet and a Central Angle of 90°00'00"; thence run Southwesterly along the Arc of said curve, a distance of 117.81 feet (Chord Bearing = S44°57'07"W, Chord = 106.07 feet); thence S00°02'53"E, a distance of 87.26 feet to the Point of Curvature of a curve,
Concave to the Northwest, having a Radius of 25.00 feet and a Central Angle of 90°00'00"; thence run Southwesterly along the Arc of said curve, a distance of 39.27 feet (Chord Bearing = S44°57'07"W, Chord
= 35.36 feet); thence S89°57'07"W, a distance of 91.87 feet to the Point of Beginning.

Lots 362 through 366, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 22.46 feet; thence departing said North line, run N00°40'33"E, a distance of 24.93 feet to a Point of Curvature, Concave to the Southeast, having a Radius of 11.00 feet and a Central Angle of 89°16'34", thence run Northeasterly along the arc of said curve, a distance of 17.14 feet (Chord Bearing = N45°18'50"E, Chord = 15.46 feet); thence N89°57'07"E, a distance of 177.38 feet; thence N00°02'53"W, a distance of 59.68 feet to the Point of Beginning; thence N00°02'53"W, a distance of 124.89 feet to a Point on a Non-Tangent Curve, Concave to the South, having a Radius of 25.00 feet and a Central Angle of 26°46'56"; thence run Easterly along the arc of said curve, a distance of 11.69 feet (Chord Bearing = N76°33'39"E, Chord
= 11.58 feet); thence N89°57'07"E, a distance of 227.47 feet to the Point of Curvature of a curve concave to the South, having a Radius of 25.00 feet and a Central Angle of 26°46'18"; thence run Easterly along the Arc of said curve, a distance of 11.68 feet (Chord Bearing = S76°39'44"E, Chord = 11.58 feet); thence S00°02'53"E, a distance of 124.90 feet to a Point on a Non- Tangent Curve, Concave to the North, having a Radius of 25.00 feet and a Central Angle of 26°46'18"; thence run Westerly along the arc of said curve, a distance of 11.68 feet (Chord Bearing = S76°33'58"W, Chord = 11.58 feet); thence S89°57'07"W, a distance of 227.47 feet to the Point of Curvature of a curve, Concave to the North, having a Radius of 25.00 feet and a Central Angle of 26°46'56"; thence run Westerly along the Arc of said curve, a distance of 11.69 feet (Chord Bearing = N76°39'25"W, Chord = 11.58 feet) to the Point of Beginning.

Lots 397 through 401, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55, PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 61.95 feet; thence N00°01'46"W, a distance of 35.93 feet; thence S89°53'46"W, a distance of 39.19 feet; thence N00°06'14"W, a distance of 49.89 feet to the Point of Beginning; thence S89°57'07"W, a distance of 94.94 feet to the Point of Curvature of a curve, Concave to the Northeast, having a Radius of 25.00 feet and a Central Angle of 84°10'57"; thence run Northwesterly along the Arc of said curve, a distance of 36.73 feet (Chord Bearing = N47°57'24"W, Chord = 33.52 feet) to a Point of Reverse Curve, Concave to the West having a Radius of 225.00 feet and a Central Angle of 04°26'30"; thence Northerly along the arc, a distance of 17.44 feet, (Chord Bearing = N08°05'11"W, Chord = 17.44 feet); thence N10°18'26"W, a distance of 87.25 feet to the Point of Curvature of a curve, Concave to the East, having a Radius of 575.00 feet and a Central Angle of 07°32'25"; thence run Northerly along the Arc of said curve, a distance of 75.67 feet (Chord Bearing = N06°32'13"W, Chord = 75.62 feet); thence N02°46'01"W, a distance
of 74.36 feet; thence N89°57'07"E, a distance of 149.86 feet; thence S00°02'53"E, a distance of 275.00 feet to the Point of Beginning.

Lots 404 through 435, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Northeast corner of the Northwest ¼ of the Southwest ¼ of Section 22, Township 25 South, Range 31 East, Osceola County, Florida, said point also being the Northeast corner of Tract 55,

PRESTON COVE PHASE 1 AND 2, according to the plat thereof as recorded in Plat Book 33, Pages 80- 88 of the Public Records of Osceola County, Florida; thence the following six (6) courses and distances along the South boundary line of Tract FD, PRESTON COVE PHASE 1 AND 2: thence S89°57'07"W, along the North line of the Southwest ¼ of said Section 22, a distance of 61.95 feet; thence N00°01'46"W, a distance of 35.93 feet; thence S89°53'46"W, a distance of 132.89 feet; thence N00°02'53"W, a distance of 42.40 feet; thence S89°57'07"W, a distance of 101.05 feet to the Point of Beginning; thence S89°57'07"W, a distance of
820.21 feet to the Point of Curvature of a curve, Concave to the Northeast, having a Radius of 25.00 feet and a Central Angle of 83°09'08"; thence departing said South boundary line, run Northwesterly along the Arc of said curve, a distance of 36.28 feet (Chord Bearing = N48°28'18"W, Chord = 33.18 feet) to a Point of Compound Curve, Concave to the East having a Radius of 275.00 feet and a Central Angle of 06°59'41"; thence Northerly along the arc, a distance of 33.57 feet, (Chord Bearing= N03°23'54"W, Chord =33.55 feet); thence N00°05'57"E, a distance of 149.55 feet to the Point of Curvature of a curve, Concave to the Southeast, having a Radius of 25.00 feet and a Central Angle of 89°51'11"; thence run Northeasterly along the Arc of said curve, a distance of 39.21 feet (Chord Bearing = N45°01'32"E, Chord = 35.31 feet); thence N89°57'07"E, a distance of 795.05 feet to the Point of Curvature of a curve, Concave to the Southwest, having a Radius of
25.00 feet and a Central Angle of 87°16'52"; thence run Southeasterly along the Arc of said curve, a distance of 38.08 feet (Chord Bearing = S46°24'27"E, Chord = 34.51 feet); thence S02°46'01"E, a distance of 0.25 feet to the Point of Curvature of a curve, Concave to the East, having a Radius of 625.00 feet and a Central Angle of 07°32'25"; thence run Southerly along the Arc of said curve, a distance of 82.25 feet (Chord Bearing
= S06°32'13"E, Chord = 82.19 feet); thence S10°18'26"E, a distance of 87.25 feet to the Point of Curvature of a curve, Concave to the West, having a Radius of 175.00 feet and a Central Angle of 03°27'46"; thence run Southerly along the Arc of said curve, a distance of 10.58 feet (Chord Bearing = S08°34'33"E, Chord = 10.57 feet) to a Point of Compound Curve, Concave to the Northwest having a Radius of 25.00 feet and a Central Angle of 96°47'48"; thence Southwesterly along the arc, a distance of 42.24 feet, (Chord Bearing= S41°33'13"W, Chord =37.39 feet) to the Point of Beginning.

Lots 437 through 450, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Southwest corner of Tract FD, PRESTON COVE PHASE 1 AND 2, according to the plat thereof, as recorded in Plat Book 33, Pages 80-88 of the Public Records of Osceola County, Florida; thence N00°04'22"E, along the West line of said Tract FD, a distance of 307.50 feet; thence departing said West line, run N89°57'07"E, a distance of 246.90 feet to the Point of Beginning; thence N00°05'29"E, a distance of
115.00 feet; thence N89°57'07"E, a distance of 700.00 feet; thence S00°05'29"W, a distance of 115.00 feet; thence S89°57'07"W, a distance of 700.00 feet to the Point of Beginning.
Lots 452 through 455, PRESTON COVE PHASE 3, according to the plat thereof, to be recorded in the Public Records of Osceola County, Florida, being more particularly described as follows:

Commence at the Southwest corner of Tract FD, PRESTON COVE PHASE 1 AND 2, according to the plat thereof, as recorded in Plat Book 33, Pages 80-88 of the Public Records of Osceola County, Florida; thence N89°57'07"E, along the South line of said Tract FD, a distance of 11.76 feet to the Point of Beginning; thence departing said South line, run N00°05'57"E, a distance of 207.50 feet; thence N89°57'07"E, a distance of
115.00 feet; thence S00°05'57"W, a distance of 124.36 feet to the Point of Curvature of a curve, concave to the East, having a Radius of 325.00 feet and a Central Angle of 12°21'23"; thence run Southerly along the Arc of said curve, a distance of 70.09 feet (Chord Bearing = S06°04'45"E, Chord = 69.95 feet); thence S12°15'27"E, a distance of 2.72 feet to the Point of Curvature of a curve, Concave to the West, having a Radius of 275.00 feet and a Central Angle of 02°19'03"; thence run Southerly along the Arc of said curve, a distance of 11.12 feet (Chord Bearing = S11°05'55"E, Chord = 11.12 feet); thence S89°57'07"W, a distance of 125.27 feet to the Point of Beginning.

!!"#$%& "0
RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2023-10; AMENDING THE IMPOSITION OF SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; PROVIDING FOR THE USE OF DEFICIT FUNDING AGREEMENTS; CERTIFYING AN AMENDED ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Preston Cove Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Osceola County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District, on August 24, 2023, adopted Resolution 2023-10 imposing special assessments for fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2024”); and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Amended Budget, attached to this Resolution as Exhibit “A”; and

WHEREAS, the District desires to amend Resolution 2023-10 to allow the District to
enter into deficit funding agreements with the Developer(s) of land within the District, to fund the District’s actual Amended Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for Fiscal Year 2024; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2024; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Amended Assessment Roll of the Preston Cove Community Development District (“Amended Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Amended Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	INCORPORATION  OF  RECITALS AND AUTHORITY. The
recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Resolution. The Resolution is adopted pursuant to the provisions of Florida Law, including Chapter 170, 190 and 197, Florida Statutes.

SECTION 2. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 3. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to
Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments. Notwithstanding the foregoing, the District may enter into deficit funding agreements with the Developer(s) of land within the District, to fund the District’s actual Amended Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for Fiscal Year 2024.

SECTION 4. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 5. AMENDED ASSESSMENT ROLL. The Amended Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 6. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 7. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 8. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
PASSED AND ADOPTED this 25th day of January, 2024.

ATTEST:	PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Amended Budget
Exhibit B:	Amended Assessment Roll
Exhibit A
Amended Budget

Preston Cove
Community Development District

Amended Budget
FY2024

6MS

Table of Contents

1-2		General Fund
Preston Cove
Community Development District
Amended Budget General Fund

Revenues

Assessments-On Roll	$	388,556	$	0	$	388,556	
Assessments-Direct	$	51,253	$	(51,253)	$	-	
Developer Contributions	$	241,629	$	51,253	$	292,882	
Total Revenues	$	681,438	$	-	$	681,438	

Expenditures				
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	918	
Engineering Fees	$	15,000	$	-	$	15,000	
Attorney Fees	$	25,000	$	-	$	25,000	
Annual Audit	$	4,100	$	-	$	4,100	
Assessment Administration	$	5,300	$	-	$	5,300	
Arbitrage	$	450	$	-	$	450	
Dissemination Fees	$	5,000	$	-	$	5,000	
Trustee Fees	$	4,500	$	-	$	4,500	
Management Fees	$	37,100	$	-	$	37,100	
Information Technology	$	1,800	$	-	$	1,800	
Website Maintenance	$	1,200	$	-	$	1,200	
Telephone	$	300	$	-	$	300	
Postage & Delivery	$	800	$	-	$	800	
Insurance	$	5,913	$	-	$	5,913	
Printing & Binding	$	700	$	-	$	700	
Legal Advertising	$	8,000	$	-	$	8,000	
Other Current Charges	$	2,200	$	-	$	2,200	
Office Supplies	$	500	$	-	$	500	
Dues, Licenses & Subscriptions	$	175	$	-	$	175	
Total General & Administrative	$	130,956	$	-	$	130,956	
Preston Cove
Community Development District
Amended Budget General Fund

Adopted Budget	
Increase/	Amended Budget	
Description	FY2024	Decrease	FY2024	

Operations & Maintenance			
Field Expenditures			
Field Management	$	15,000	$	-	$	15,000	
Landscape Maintenance	$	150,000	$	-	$	150,000	
Landscape Replacement	$	5,000	$	-	$	5,000	
Lake Maintenance	$	15,062	$	-	$	15,062	
Streetlights	$	103,400	$	-	$	103,400	
Electric	$	5,000	$	-	$	5,000	
Water & Sewer	$	2,400	$	-	$	2,400	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	5,000	
Irrigation Repairs	$	3,000	$	-	$	3,000	
Irrigation - Usage	$	30,000	$	-	$	30,000	
General Repairs & Maintenance	$	15,000	$	-	$	15,000	
Contingency	$	10,000	$	-	$	10,000	
Subtotal Field Expenditures	$	358,862	$	-	$	358,862	

Amenity Expenditures			
Staffing	$	75,000	$	-	$	75,000	
Property Insurance	$	20,000	$	-	$	20,000	
Amenity - Electric	$	15,000	$	-	$	15,000	
Amenity - Water	$	6,000	$	-	$	6,000	
Dues, License, Permits	$	500	$	-	$	500	
Internet	$	2,400	$	-	$	2,400	
Pest Control	$	720	$	-	$	720	
Janitorial Services	$	12,000	$	-	$	12,000	
Security Services	$	5,000	$	-	$	5,000	
Pool Mainteance	$	15,000	$	-	$	15,000	
Amenity Repairs & Maintenance	$	15,000	$	-	$	15,000	
Special Events	$	7,500	$	-	$	7,500	
Holiday Decorations	$	2,500	$	-	$	2,500	
Contingency	$	15,000	$	-	$	15,000	
Subtotal Amenity Expenditures	$	191,620	$	-	$	191,620	
			
Total Operations & Maintenance	$	550,482	$	-	$	550,482	
			
Total Expenditures	$	681,438	$	-	$	681,438	
			
Excess Revenues/(Expenditures)	$	-	$	-	$	-	
Exhibit B

Amended Assessment Roll

ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-0010	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0020	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0030	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0040	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0050	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0060	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0070	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0080	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0090	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0100	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0110	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0120	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0130	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0140	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0150	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0160	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0170	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0180	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0190	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0200	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0210	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0220	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0230	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0240	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0250	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0260	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0270	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0280	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0290	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0300	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0310	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0320	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0330	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0340	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0350	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0360	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0370	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0380	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0390	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0400	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0410	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0420	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0430	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0440	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0450	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0460	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0470	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0480	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0490	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0500	1	TH	$992.06	$974.96	$1,967.02	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-0510	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0520	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0530	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0540	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0550	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0560	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0570	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0580	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0590	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0600	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0610	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0620	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0630	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0640	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0650	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0660	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0670	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0680	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0690	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0700	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0710	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0720	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0730	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0740	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0750	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0760	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0770	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0780	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0790	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0800	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0810	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0820	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0830	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0840	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0850	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-0860	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0870	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0880	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0890	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0900	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0910	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0920	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0930	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0940	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0950	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0960	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0970	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0980	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-0990	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1000	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1010	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1020	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1030	1	TH	$992.06	$974.96	$1,967.02	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-1040	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1050	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1060	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1070	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1080	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1090	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1100	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1110	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1120	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1130	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1140	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1150	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1160	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1170	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1180	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1190	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1200	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1210	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1220	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1230	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1240	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1250	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1260	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1270	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1280	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1290	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1300	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1310	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1320	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1330	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1340	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1350	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1360	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1370	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1380	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1390	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1400	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1410	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1420	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1430	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1440	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1450	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1460	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1470	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1480	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1490	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1500	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1510	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-1520	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1530	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1540	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1550	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1560	1	SF	$1,322.74	$1,299.94	$2,622.68	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-1570	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1580	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1590	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1600	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1610	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1620	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1630	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1640	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1650	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1660	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1670	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1680	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1690	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1700	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1710	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1720	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1730	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1740	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1750	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1760	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1770	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1780	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1790	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1800	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1810	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1820	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1830	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1840	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1850	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1860	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1870	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1880	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1890	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1900	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1910	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1920	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1930	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1940	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1950	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1960	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1970	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1980	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-1990	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2000	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2010	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2020	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2030	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2040	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2050	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2060	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2070	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2080	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2090	1	SF	$1,322.74	$1,299.94	$2,622.68	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-2100	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2110	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2120	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2130	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2140	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2150	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2160	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-2170	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2180	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2190	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2200	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2210	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2220	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2230	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2240	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2250	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2260	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2270	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2280	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2290	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2300	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2310	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2320	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2330	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2340	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2350	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2360	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2370	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2380	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2390	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2400	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2410	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2420	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2430	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2440	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2450	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2460	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2470	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2480	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2490	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2500	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2510	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2520	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2530	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2540	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2550	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2560	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2570	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2580	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2590	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2600	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2610	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2620	1	TH	$992.06	$974.96	$1,967.02	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-2630	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2640	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2650	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2660	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2670	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2680	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2690	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2700	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2710	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2720	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2730	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2740	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2750	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2760	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2770	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2780	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2790	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2800	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2810	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2820	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2830	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2840	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2850	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2860	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2870	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2880	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2890	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2900	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2910	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2920	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2930	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2940	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2950	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2960	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2970	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2980	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-2990	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-3000	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-3010	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-3020	1	TH	$992.06	$974.96	$1,967.02	
22-25-31-4735-0001-3030	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3040	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3050	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3060	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3070	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3080	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3090	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3100	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3110	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3120	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3130	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3140	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3150	1	SF	$1,322.74	$1,299.94	$2,622.68	
ParcelID	Units	Type	O&M	Debt	Total	
22-25-31-4735-0001-3160	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3170	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3180	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3190	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3200	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3210	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3220	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3230	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3240	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3250	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3260	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3270	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3280	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3290	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3300	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3310	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3320	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3330	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3340	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3350	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3360	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3370	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3670	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3680	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3690	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3700	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3710	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3720	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3730	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3740	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3750	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3760	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3770	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3780	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3790	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3800	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3810	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3820	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3830	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3840	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3850	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3860	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3870	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3880	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3890	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3900	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3910	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3920	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3930	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3940	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3950	1	SF	$1,322.74	$1,299.94	$2,622.68	
22-25-31-4735-0001-3960	1	SF	$1,322.74	$1,299.94	$2,622.68	
Total Gross Assessments	367		$413,357.34	$406,232.34	$819,589.68	
ParcelID	Units	Type	O&M	Debt	Total	
						
Total Net Assessments			$388,555.90	$381,858.40	$770,414.30	

Direct Billing
22-25-31-4735-TRAC-0FD0	

236		

$0.00	

$306,786.28	

$306,786.28	
Total Gross Direct			$0.00	$306,786.28	$306,786.28	
						
Total Net Direct			$0.00	$288,379.10	$288,379.10	
						
Total Gross Assessments	603		$413,357.34	$713,018.62	$1,126,375.96	
						
Total Net Assessments			$388,555.90	$670,237.50	$1,058,793.40	

!!"#$%& "1
RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT APPROVING AMENDMENTS TO THE ADOPTED BUDGET FOR FISCAL YEAR 2024 AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Preston Cove Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the Board of Supervisors (“Board”), on August 24, 2023, adopted Resolution 2023-05 adopting the Fiscal Year 2024 Budget for fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2024 Budget”); and

WHEREAS, the District desires to amend the Fiscal Year 2024 Budget to remove certain direct assessments to developer owned lands and to account for the District entering into deficit funding agreements with the Developer(s) of land within the District, to fund the District’s actual Fiscal Year 2024 Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget; and

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. incorporation of recitals. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Resolution.

SECTION 2. BUDGET AMENDMENT. The Fiscal Year 2024 Budget is hereby amended to remove direct assessments and include deficit funding agreements with the Developer(s) of land within the District, to fund the District’s actual Fiscal Year 2024 Budget expenses for Fiscal Year 2024, to the extent such expenses exceed the special assessments levied and collected by the District for the Fiscal Year 2024 Budget as set forth in the Fiscal Year 2024 Amended Budget attached hereto as Exhibit “A”.

SECTION 3. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 25th day of January, 2024.

ATTEST:	PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Fiscal Year 2024 Amended Budget
Exhibit A
Fiscal Year 2024 Amended Budget

Preston Cove
Community Development District

Amended Budget
FY2024

6MS

Table of Contents

	General Fund
Preston Cove
Community Development District
Amended Budget General Fund

Revenues

Assessments-On Roll	$	388,556	$	0	$	388,556	
Assessments-Direct	$	51,253	$	(51,253)	$	-	
Developer Contributions	$	241,629	$	51,253	$	292,882	
Total Revenues	$	681,438	$	-	$	681,438	

Expenditures				
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	918	
Engineering Fees	$	15,000	$	-	$	15,000	
Attorney Fees	$	25,000	$	-	$	25,000	
Annual Audit	$	4,100	$	-	$	4,100	
Assessment Administration	$	5,300	$	-	$	5,300	
Arbitrage	$	450	$	-	$	450	
Dissemination Fees	$	5,000	$	-	$	5,000	
Trustee Fees	$	4,500	$	-	$	4,500	
Management Fees	$	37,100	$	-	$	37,100	
Information Technology	$	1,800	$	-	$	1,800	
Website Maintenance	$	1,200	$	-	$	1,200	
Telephone	$	300	$	-	$	300	
Postage & Delivery	$	800	$	-	$	800	
Insurance	$	5,913	$	-	$	5,913	
Printing & Binding	$	700	$	-	$	700	
Legal Advertising	$	8,000	$	-	$	8,000	
Other Current Charges	$	2,200	$	-	$	2,200	
Office Supplies	$	500	$	-	$	500	
Dues, Licenses & Subscriptions	$	175	$	-	$	175	
Total General & Administrative	$	130,956	$	-	$	130,956	
Preston Cove
Community Development District
Amended Budget General Fund

Adopted Budget	
Increase/	Amended Budget	
Description	FY2024	Decrease	FY2024	

Operations & Maintenance			
Field Expenditures			
Field Management	$	15,000	$	-	$	15,000	
Landscape Maintenance	$	150,000	$	-	$	150,000	
Landscape Replacement	$	5,000	$	-	$	5,000	
Lake Maintenance	$	15,062	$	-	$	15,062	
Streetlights	$	103,400	$	-	$	103,400	
Electric	$	5,000	$	-	$	5,000	
Water & Sewer	$	2,400	$	-	$	2,400	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	5,000	
Irrigation Repairs	$	3,000	$	-	$	3,000	
Irrigation - Usage	$	30,000	$	-	$	30,000	
General Repairs & Maintenance	$	15,000	$	-	$	15,000	
Contingency	$	10,000	$	-	$	10,000	
Subtotal Field Expenditures	$	358,862	$	-	$	358,862	

Amenity Expenditures			
Staffing	$	75,000	$	-	$	75,000	
Property Insurance	$	20,000	$	-	$	20,000	
Amenity - Electric	$	15,000	$	-	$	15,000	
Amenity - Water	$	6,000	$	-	$	6,000	
Dues, License, Permits	$	500	$	-	$	500	
Internet	$	2,400	$	-	$	2,400	
Pest Control	$	720	$	-	$	720	
Janitorial Services	$	12,000	$	-	$	12,000	
Security Services	$	5,000	$	-	$	5,000	
Pool Mainteance	$	15,000	$	-	$	15,000	
Amenity Repairs & Maintenance	$	15,000	$	-	$	15,000	
Special Events	$	7,500	$	-	$	7,500	
Holiday Decorations	$	2,500	$	-	$	2,500	
Contingency	$	15,000	$	-	$	15,000	
Subtotal Amenity Expenditures	$	191,620	$	-	$	191,620	
			
Total Operations & Maintenance	$	550,482	$	-	$	550,482	
			
Total Expenditures	$	681,438	$	-	$	681,438	
			
Excess Revenues/(Expenditures)	$	-	$	-	$	-	

!!"#$%& "2

!!"#$%& "

!!"#$%& I

Preston Cove
Community Development District

Unaudited Financial Reporting
November 30, 2023

Table of Contents

1	Balance Sheet	

2-3	

General Fund	

4	

Debt Service Fund - Series 2022	

5	

Capital Projects Fund - Series 2022	

6	

Month to Month	

7	

Assessment Receipt Schedule	

8	

Long Term Debt Schedule	
Preston Cove
Community Development District Combined Balance Sheet November 30, 2023

Assets:
Operating Account	
$	5,128	
$	-	
$	-	
$	5,128	
Due from Developer	$	23,002	$	-	$	-	$	23,002	
Assessment Receivable
Investments:	$	-	$	-	$	-	$	-	
Series					
Reserve	$	-	$	670,238	$	-	$	670,238			
Revenue	$	-	$	6,489	$	-	$	6,489			
Capitalized Interest	$	-	$	14	$	-	$	14			
Construction	$	-	$	-	$	12,797	$	12,797			
Total Assets	$	28,130	$	676,741	$	12,797	$	717,668			

Liabilities:					
Accounts Payable	$	19,121	$	-	$	-	$	19,121			
Total Liabilites	$	19,121	$	-	$	-	$	19,121			

Fund Balance:					
Assigned For:					

Debt Service - Series 2022	$	-	$	676,741	$	-	$	676,741	
Restricted For:							
Capital Projects - Series 2022	$	-	$	-	$	12,797	$	12,797				
Unassigned	$	9,009	$	-	$	-	$	9,009				
Total Fund Balances	$	9,009	$	676,741	$	12,797	$	698,546			
							
Total Liabilities & Fund Balance	$	28,130	$	676,741	$	12,797	$	717,668			
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Revenues:						
Assessments - On Roll	$	388,556	$	-	$	-	$	-	
Assessments - Direct	$	51,253	$	-	$	-	$	-	
Developer Contributions	$	241,629	$	18,703	$	18,703	$	-	
Total Revenues	$	681,438	$	18,703	$	18,703	$	-	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	12,000	$	2,000	$	-	$	2,000	
FICA Expense	$	918	$	153	$	-	$	153	
Engineering	$	15,000	$	2,500	$	-	$	2,500	
Attorney	$	25,000	$	4,167	$	2,062	$	2,105	
Annual Audit	$	4,100	$	-	$	-	$	-	
Assessment Administration	$	5,300	$	5,300	$	5,300	$	-	
Arbitrage	$	450	$	450	$	450	$	-	
Dissemination	$	5,000	$	833	$	833	$	(0)	
Trustee Fees	$	4,500	$	-	$	-	$	-	
Management Fees	$	37,100	$	6,183	$	6,183	$	(0)	
Information Technology	$	1,800	$	300	$	300	$	-	
Website Maintenance	$	1,200	$	200	$	200	$	-	
Telephone	$	300	$	50	$	-	$	50	
Postage & Delivery	$	800	$	133	$	22	$	112	
Insurance	$	5,913	$	5,913	$	5,590	$	323	
Printing & Binding	$	700	$	117	$	-	$	117	
Legal Advertising	$	8,000	$	1,333	$	100	$	1,234	
Other Current Charges	$	2,200	$	367	$	76	$	290	
Office Supplies	$	500	$	83	$	0	$	83	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	130,956	$	30,258	$	21,291	$	8,966	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Operation and Maintenance						
Field Expenses						
Field Management		$	15,000	$	2,500	$	-	$	2,500	
Landscape Maintenance		$	150,000	$	25,000	$	-	$	25,000	
Landscape Replacement		$	5,000	$	833	$	-	$	833	
Lake Maintenance		$	15,062	$	2,510	$	-	$	2,510	
Streetlights		$	103,400	$	17,233	$	-	$	17,233	
Electric		$	5,000	$	833	$	-	$	833	
Water & Sewer		$	2,400	$	400	$	-	$	400	
Sidewalk & Asphalt Maintenance		$	5,000	$	833	$	-	$	833	
Irrigation Repairs		$	3,000	$	500	$	-	$	500	
Irrigation - Usage		$	30,000	$	5,000	$	-	$	5,000	
General Repairs & Maintenance		$	15,000	$	2,500	$	-	$	2,500	
Contingency		$	10,000	$	1,667	$	-	$	1,667	
	Subtotal	$	358,862	$	59,810	$	-	$	59,810	

Amenity Expenses						
Staffing		$	75,000	$	12,500	$	-	$	12,500	
Property Insurance		$	20,000	$	-	$	-	$	-	
Amenity-Electric		$	15,000	$	2,500	$	-	$	2,500	
Amenity-Water		$	6,000	$	1,000	$	-	$	1,000	
Dues, License, Permits		$	500	$	83	$	-	$	83	
Cable/Internet		$	2,400	$	400	$	-	$	400	
Pest Control		$	720	$	120	$	-	$	120	
Janitorial Services		$	12,000	$	2,000	$	-	$	2,000	
Security Services		$	5,000	$	833	$	-	$	833	
Pool Maintenance		$	15,000	$	2,500	$	-	$	2,500	
Amenity Repairs & Maintenance		$	15,000	$	2,500	$	-	$	2,500	
Special Events		$	7,500	$	1,250	$	-	$	1,250	
Holiday Decorations		$	2,500	$	417	$	-	$	417	
Amenity Contingency		$	15,000	$	2,500	$	-	$	2,500	
	Subtotal	$	191,620	$	28,603	$	-	$	28,603	
						
Total O&M Expenses:		$	550,482	$	88,414	$	-	$	88,414	
						
Total Expenditures		$	681,438	$	118,671	$	21,291	$	97,380	
						
Excess Revenues (Expenditures)		$	-		$	(2,588)		
						
Fund Balance - Beginning		$	-		$	11,597		
						
Fund Balance - Ending		$	-		$	9,009		
Preston Cove
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Revenues:					
Assessments - On Roll	$	381,859	$	-	$	-	$	-	
Assessments - Direct	$	288,379	$	-	$	-	$	-	
Interest	$	-	$	-	$	6,409	$	6,409	
Total Revenues	$	670,238	$	-	$	6,409	$	6,409	

Expenditures:					
Interest Expense 11/1	$	225,131	$	225,131	$	225,131	$	-	
Principal Expense 5/1	$	220,000	$	-	$	-	$	-	
Interest Expense 5/1	$	225,131	$	-	$	-	$	-	
Total Expenditures	$	670,263	$	225,131	$	225,131	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(5,373)	$	(5,373)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(5,373)	$	(5,373)	
					
Excess Revenues (Expenditures)	$	(25)		$	(224,095)		
					
Fund Balance - Beginning	$	277,837		$	900,836		
					
Fund Balance - Ending	$	277,812		$	676,741		
Preston Cove
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/23	Thru 11/30/23	Variance	

Revenues:

Interest	

$	

-	$	

-	$	68	

$	68	
Total Revenues	$	-	$	-	$	68	$	68	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	89	

$	(89)	
Total Expenditures	$	-	$	-	$	89	$	(89)	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	5,373	$	5,373	
Total Other Financing Sources (Uses)	$	-	$	-	$	5,373	$	5,373	
					
Excess Revenues (Expenditures)	$	-	$	5,353		
					
Fund Balance - Beginning	$	-	$	7,443		
					
Fund Balance - Ending	$	-	$	12,797		
Preston Cove
Community Development District Month to Month

Oct	Nov	Dec		Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:

Assessments-On Roll	$	-  $	-  $		

-  $		

-  $	

-  $	-  $	

-  $		

-  $	-  $		

-  $	

-  $	

-  $	-	
Assessments-Direct	$	-  $	-  $		-  $		-  $	-  $	-  $	-  $		-  $	-  $		-  $	-  $	-  $	-	
Developer Contributions	$	14,923  $	3,780  $		-  $		-  $	-  $	-  $	-  $		-  $	-  $		-  $	-  $	-  $	18,703	
Total Revenues	$	14,923  $	3,780  $		-  $		-  $	-  $	-  $	-  $		-  $	-  $		-  $	-  $	-  $	18,703	

Expenditures:

General & Administrative:

Supervisor Fees FICA Expense Engineering Attorney
Annual Audit
Assessment Administration Arbitrage
Dissemination Trustee Fees Management Fees
Information Technology Website Maintenance Telephone
Postage & Delivery Insurance
Printing & Binding Legal Advertising
Other Current Charges Office Supplies
Dues, Licenses & Subscriptions

$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	5,300  $
$	450  $
$	417  $
$	-  $
$	3,092  $
$	150  $
$	100  $
$	-  $
$	-  $
$	5,590  $
$	-  $
$	100  $
$	38  $
$	-  $
$	175  $

-  $
-  $
-  $
2,062  $
-  $
-  $
-  $
417  $
-  $
3,092  $
150  $
100  $
-  $
22  $
-  $
-  $
-  $
38  $
0  $
-  $

-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-
-  $	-
-  $	-
-  $	2,062
-  $	-
-  $	5,300
-  $	450
-  $	833
-  $	-
-  $	6,183
-  $	300
-  $	200
-  $	-
-  $	22
-  $	5,590
-  $	-
-  $	100
-  $	76
-  $	0
-  $	175

Operation and Maintenance

Field Expenses
Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
Irrigation - Usage
General Repairs & Maintenance Contingency

$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $
$	-  $	-  $

-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-

Subtotal $

-  $	-  $

-  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $	-  $

-  $	-

Preston Cove
Community Development District Month to Month

	Oct		Nov		Dec		Jan		Feb		March	April	May	June	July		Aug	Sept	Total				
Amenity Expenses																							
Staffing		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Property Insurance		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Amenity-Electric		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Amenity-Water		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Dues, License, Permits		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Cable/Internet		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Pest Control		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Janitorial Services		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Security		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Pool Maintenance		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Amenity Repairs & Maintenance		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Special Events		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Holiday Decorations		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
Contingency		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
	Subtotal	$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	
																							
Total O&M Expenses:		$		-  $		-  $		-  $		-  $		-  $	-  $	-  $	-  $	-  $		-  $		-  $	-  $		-	

Total Expenditures	$	15,411	$	5,880	$		-  $		-  $		-  $	-  $		-  $		-  $		-  $		-  $	-  $		-  $	21,291	
																									
Excess Revenues (Expenditures)	$	(488)	$	(2,100)	$		-  $		-  $		-  $	-  $		-  $		-  $		-  $		-  $	-  $		-  $	(2,588)	
Preston Cove
Community Development District Long Term Debt Report

Series 2022, Special Assessment Bonds		
Interest Rates:	3.250%, 3.600%, 4.000%, 4.125%	
Maturity Date:	5/1/2052	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$670,238	
Reserve Fund Balance	$670,238	

!!"#$%& II
EXHIBIT "C"
SERIES 2022 ACQUISITION AND CONSTRUCTION ACCOUNT REQUISITION
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022

The undersigned, a Responsible Officer of the Preston Cove Community Development District (the "Issuer") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the Issuer to U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), dated as of February 1, 2022, as supplemented by that certain First Supplemental Trust Indenture dated as of February 1, 2022 (the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 60

Name of Payee pursuant to Acquisition Agreement: Fortiline Waterworks

Amount Payable: $7,434.40

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable): Invoice # 6109618 6109841 6151201 & 6158182 –
Materials

Fund or Account and subaccount, if any, from which disbursement to be made:

Indicate if this requisition is for Deferred Obligations and, if so, the amount: The undersigned hereby certifies that:
	obligations in the stated amount set forth above have been incurred by the Issuer,

or

□	this requisition is for Costs of Issuance payable from the Acquisition and Construction Fund that have not previously been paid;

each disbursement set forth above is a proper charge against the Acquisition and Construction Fund and the applicable subaccount thereof;
each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Project;
each disbursement represents a Cost of the Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the Issuer notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the Issuer is at the date of such certificate entitled to retain.
Attached hereto are originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

By: 	
Responsible Officer
CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

[	], CONSULTING ENGINEER

Shawn Hindle, P,E,
Title:  CDD Engineer	
INVOICE
*reprint*
Invoice number: Invoice date: Due date:
6109618
6/15/23
7/14/23

7025 Northwinds Dr. NW Concord, NC 28027
Payment inquiries (704) 788-9800
Sold to:
PRESTON COVE CDD 219 E LIVINGSTON ST ORLANDO, FL 32801
Ship to:
PRESTON COVE CDD 5655 JONES RD
ST. CLOUD, FL 34771

Please remit payment to:
FORTILINE, INC PO BOX 744053
ATLANTA, GA 30384-4053

Warehouse:
FORTILINE WINTER GARDEN 822 MARYS PARK PLACE

Federal Tax ID# 57-0819190

Branch	From	Contract	Order No.	Shipping Method	Customer Number	Terms				
054	6109618	Our Truck		226102					
PO No.	Job Name	Job No.	SLS	Due Date	Ship Date				
2023-07	PRESTON COVE P2 PRESPH2	LWB	7/14/23	6/13/23				

Product #	
Description	UOM  Ordered	
Shipped	
Back Ordered	Unit Price	Extended Shipped price				
2A236008EPDM	2" THD GV O/L A2360-08 EPDM	EA	4	
4	0	488.0000	1,952.00	
	BID LINE # 00070							
26BN	2"X6" BRASS NIPPLE	EA	4	4	0	34.0000	136.00	
	BID LINE # 00100							
AYM27475322	2" ADPT MIPXPJC NO LEAD	EA	6	6	0	99.0000	594.00	
	74753-22							
	BID LINE # 00130							
AYM276102W22	2" BALL VLV PJCXFIP 76102W-22	EA	4	4	0	346.2500	1,385.00	
	NO LEAD							
	BID LINE # 00160							
PRC1106	6" SPLIT BELL REST	1100C	EA	8	8	0	62.0000	496.00	
	BID LINE # 00190							

No returns accepted without prior authorization. Authorized returns	Amount due Tax	4,563.00
.00						
are subject to restock fees. Special order items are not returnable.	Freight	.00						
All claims must be filed with the carrier. All sales are subject to	fuel/other	.00						
the terms and conditions of sale printed on this page and the back of								
the original invoice.	Total Due	4,563.00						

Page 1

INVOICE2
F
SALES ORDER PICK TICKET
6109618
11111111111

I} 6  I}

REMIT TO:
FORTILINE WINTER GARDEN PO BOX 744053
ATLANTA, GA 30384-4053
WAREHOUSE:
FORTILINE WINTER GARDEN 822 MARYS PARK PLACE WINTER GARDEN, FL 34787
PAYMENT:	CHARGE

Phone #407 287 7777
::S::O=L==D==T==O=:===2==2==6=1==0=2===========:::::S::H:I:P==T==O=:========================:  SPECIAL   INSTRUCTIONS:
--P=R=-=E=-s=-=T=--=o:-::-N::--:Ccc::O=v=E-c=D=-=D=---------1 t--P-R_E_S,_T_O_N_C_ff_V_E_C_D_D	, 
1-M.-iA_T_H_L_AS
4_0_7 9_5_2_3_4_73_·-··-·	--.
219 E LIVINGSTON ST ORLAlIDO, FL 32801
5655 JONES RD
ST. CLOUD, FL 34771

FROM BID# 6350245	FROM C/0 0000000

2023-07	PRESTON COVE P2 PRESPH2 CBK LWB 6/12/23	OUR TRUCK
LINE ITEM/DESCRIPTION	UOM ORDER SHIPPED	8/0	UNIT PRICE	DISCOUNT  NET PRICE

001 2A236008EPDM	2" THD GV 0/L A2360-08 EPDM	EA	4	0	4 EA
W04 001 001 I W04 003 004
26BN	2"X6" BRASS NIPPLE	EA	4
E03 001 002 I E03 001 005
o· :  ,
WEIGHT:	124.0
4 EA
WEIGHT:	7.6
AYM.27475322
W09 002 002 I
2" ADPT MIPXPJC NO LEAD	EA W12 009 004
6	--,,i)

WEIGHT:
6 EA
15.7

004:AYM276102W22
74753-22
2" BALL VLV
PJCXFIP 76102W-22 EA	4	\
4 EA
W09 002 002
NO LEAD
J	WEIGHT:	33.0
Gl
005 PRC1106	6" SPLIT BELL REST	llOOC	8
W05 001 001 I W05 001 002
<.[\
0	8 EA
WEIGHT:	144.0

TOTAL WEIGHT:	325

NO.CTNS	WEIGHT  SHIPPED VIA
OUR TRUCK
PACKED BY	CHECKED BY	RECEIVED BY
FILLED BY DATE RECEIVED
For TERMS and CONDITIOr-ltif sale, pleasei/isit
https://www.fortiline.com/Policies/Terms•of•Sale	Branch Copy
INVOICE

7025 Northwinds Dr. NW Concord, NC 28027
Payment Inquiries 704-788-9800

SOLD TO

PRESTON COVE CDD 219 E LIVINGSTON ST ORLANDO, FL
32801

SHIP TO

Customer Pickup
Please Remit Payment To:
Fortiline, Inc. PO Box 744053
Atlanta, GA 30384-4053
Federal Tax ID# 57-0819190
Warehouse:
FORTILINE WINTER GARDEN 822 MARYS PARK PLACE WINTER GARDEN, FL 34787
Telephone: 407-287-7777

BRANCH NO	FROM CONTRACT	ORDER NO	SHIPPING METHOD	CUSTOMER NO	TERMS	
054		6109841	Pickup	226102	NET 30 DAYS	

	AMOUNT DUE	$870.00	
NO RETURNS ACCEPTED WITHOUT PRIOR AUTHORIZATION.  AUTHORIZED RETURNS ARE SUBJECT TO RESTOCKING FEES.	TAX	$0.00	
SPECIAL ORDER ITEMS ARE NOT RETURNABLE. ALL CLAIMS MUST BE FILED WITH THE CARRIER.	FREIGHT	$0.00	
For TERMS and CONDITIONS of sale, please visit http://www.fortiline.com	OTHER	$0.00	
	TOTAL DUE	$870.00	

7025 Northwinds Dr. NW Concord, NC 28027
Payment Inquiries 704-788-9800

SOLD TO
INVOICE	INVOICE NUMBER: 6151201 BILL OF LADING:
INVOICE DATE:	7/21/23 DUE DATE:	8/19/23

Please Remit Payment To:
Fortiline, Inc. PO Box 744053
Atlanta, GA 30384-4053
Federal Tax ID# 57-0819190

Warehouse:
FORTILINE WINTER GARDEN 822 MARYS PARK PLACE WINTER GARDEN, FL 34787
SHIP TO
Telephone: 407-287-7777

PRESTON COVE CDD 219 E LIVINGSTON ST ORLANDO, FL
32801
PRESTON COVE CDD 5655 JONES RD
ST. CLOUD, FL 34771

BRANCH NO	FROM CONTRACT	ORDER NO	SHIPPING METHOD	CUSTOMER NO	TERMS			
054		6151201	Our Truck	226102	NET 30 DAYS			
PO NO	JOB NAME	JOB NO	SLS	DUE DATE	SHIP DATE			
2023-12	PRESTON COVE P2	PRESPH2	LWB	8/19/23	7/19/23			
PRODUCT NO	DESCRIPTION	UOM	ORDERED	SHIPPED	BACK ORDERED	UNIT PRICE	EXTENDED PRICE	
4SSWCAPH	4" SDR35 PVC CAP SW H BID LINE # 00010	EA	172	172	0	3.0000	516.00	
OAT30894	QUART RAIN-R-SHINE MED CEMENT OATEY
BID LINE # 00020	EA	5	5	0	29.0000	145.00	
TA33PW21	2"X100' 10MIL PIPEWRAP TAPE TA.33.PW21	EA	12	12	0	7.0000	84.00	
LUBEQT	QUART LUBE	EA	6	6	0	7.0000	42.00	
OAT30757	PINT PURPLE PRIMER	EA	10	10	0	17.0000	170.00	
OAT30893	PINT RAIN-R-SHINE MED CEMENT	EA	4	4	0	18.0000	72.00	
	FORTILINE offers online paym convenience at http://Fortiline.Bill
REGISTER TO ACCESS YOUR ONLINE ACCO
Online Payments, View, and Download Invoices and	ents
trust.com
UNT AT
Statemen	and acc
.
http://FOR
ts.	ess to

TILINE.BIL	invoic

LTRUST.CO	e copies

M	for your	

7025 Northwinds Dr. NW Concord, NC 28027
Payment Inquiries 704-788-9800

SOLD TO
INVOICE	INVOICE NUMBER: 6158182 BILL OF LADING:
INVOICE DATE:	7/26/23 DUE DATE:	8/24/23

Please Remit Payment To:
Fortiline, Inc. PO Box 744053
Atlanta, GA 30384-4053
Federal Tax ID# 57-0819190

Warehouse:
FORTILINE WINTER GARDEN 822 MARYS PARK PLACE WINTER GARDEN, FL 34787

PRESTON COVE CDD 219 E LIVINGSTON ST ORLANDO, FL
32801
SHIP TO

Customer Pickup
Telephone: 407-287-7777

BRANCH NO	FROM CONTRACT	ORDER NO	SHIPPING METHOD	CUSTOMER NO	TERMS			
054	5705480	6158182	Pickup	226102	NET 30 DAYS			
PO NO	JOB NAME	JOB NO	SLS	DUE DATE	SHIP DATE			
2023-13	PRESTON COVE P2	PRESPH2	LWB	8/24/23	7/24/23			
PRODUCT NO	DESCRIPTION	UOM	ORDERED	SHIPPED	BACK ORDERED	UNIT PRICE	EXTENDED PRICE	
618G	6" C900 DR18 PIPE GREEN	FT	20	20	0	15.7200	314.40	
6MSP401	6" MJ LONG SLEEVE P401 C153	EA	1	1	0	446.0000	446.00	
64000	6" STARGRIP MJ REST PVC 4000
F/C900 6.90 OD BID LINE # 02210	EA	2	2	0	50.0000	100.00	
6RALG	6" MJ REGULAR ACC LESS GLAND BID LINE # 01240	EA	2	2	0	26.0000	52.00	
4HWRC	4" SDR26 HW PVC REP CPLG GXG	EA	2	2	0	30.0000	60.00	
	FORTILINE offers online paym convenience at http://Fortiline.Bill
REGISTER TO ACCESS YOUR ONLINE ACCO
Online Payments, View, and Download Invoices and	ents
trust.com
UNT AT
Statemen	and acc
.
http://FOR
ts.	ess to

TILINE.BIL	invoic

LTRUST.CO	e copies

M	for your	

EXHIBIT "C"
SERIES 2022 ACQUISITION AND CONSTRUCTION ACCOUNT REQUISITION
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022

The undersigned, a Responsible Officer of the Preston Cove Community Development District (the "Issuer") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the Issuer to U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), dated as of February 1, 2022, as supplemented by that certain First Supplemental Trust Indenture dated as of February 1, 2022 (the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 61

Name of Payee pursuant to Acquisition Agreement: Latham, Luna, Eden & Beaudine

Amount Payable: $29.50
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable): Invoice # 119829 - Conveyances/Requisitions for July 2023

Fund or Account and subaccount, if any, from which disbursement to be made:

Indicate if this requisition is for Deferred Obligations and, if so, the amount: The undersigned hereby certifies that:
	obligations in the stated amount set forth above have been incurred by the Issuer,

or

□	this requisition is for Costs of Issuance payable from the Acquisition and Construction Fund that have not previously been paid;

each disbursement set forth above is a proper charge against the Acquisition and Construction Fund and the applicable subaccount thereof;

each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Project;

each disbursement represents a Cost of the Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the Issuer notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the Issuer is at the date of such certificate entitled to retain.
Attached hereto are originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

By: 	
Responsible Officer
CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

[	], CONSULTING ENGINEER

Shawn Hindle, P.E.
Title: CDD Engineer

LATHAM, LUNA, EDEN&BEAUD_!NE:u
ATTORNEYS AT LAW

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

August 4, 2023	Invoice #:	119829
Federal ID #:59-3366512

Accounts Payable Preston Cove COD c/o GMS-CFL, LLC
219 East Livingston Street Orlando, FL 32801

Matter ID: 7772-005	Conveyances/Requisitions

For Professional Services Rendered:
7/24/2023	JEL	Review of requisitions/conveyances status Total Professional Services:

0.10	$29.50

0.10	$29.50

Total	$29.50	
Previous Balance	$0.00	
Total Due	$29.50	

RECEIVED
AUG 11 2023

EXHIBIT "C"
SERIES 2022 ACQUISITION AND CONSTRUCTION ACCOUNT REQUISITION
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022

The undersigned, a Responsible Officer of the Preston Cove Community Development District (the "Issuer") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the Issuer to U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), dated as of February 1, 2022, as supplemented by that certain First Supplemental Trust Indenture dated as of February 1, 2022 (the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 62

Name of Payee pursuant to Acquisition Agreement: Latham, Luna, Eden & Beaudine

Amount Payable: $59.00
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable): Invoice # 102675 - Conveyances/Requisitions for Aug 2023

Fund or Account and subaccount, if any, from which disbursement to be made:

Indicate if this requisition is for Deferred Obligations and, if so, the amount: The undersigned hereby certifies that:
	obligations in the stated amount set forth above have been incurred by the Issuer,

or

□	this requisition is for Costs of Issuance payable from the Acquisition and Construction Fund that have not previously been paid;

each disbursement set forth above is a proper charge against the Acquisition and Construction Fund and the applicable subaccount thereof;

each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Project;

each disbursement represents a Cost of the Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the Issuer notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the Issuer is at the date of such certificate entitled to retain.
Attached hereto are originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

By: 	
Responsible Officer
CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

[	], CONSULTING ENGINEER
Shawn Hindle, P.E.

Title: CDD Engineer
{l	'IIJt\111
,..	I I • I JI

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

September 5, 2023	Invoice#:	120675
Federal ID #:59-3366512

Accounts Payable Preston Cove CDD c/o GMS-CFL, LLC
219 East Livingston Street Orlando, FL 32801

Matter ID: 7772-005	Conveyances/Requisitions

For Professional Services Rendered:
8/4/2023	JEL	Email correspondence to Developer's counsel regarding lift station conveyance; Review of 0.20 revised settlement statement

$59.00

Total Professional Services:	0.20	$59.00

Total	$59.00	
Previous Balance	$29.50	
Total Due	$88.50	

!!"#$%& """
Preston Cove
Community Development District	Funding Request# 30
September 12,2023

PAYEE	GENERAL FUND

1	Governmental Management Services
Invoice# 26 - Management Fees September 2023		
$		
3,618.27	
2	Latham, Luna, Eden & Beaudine
Invoice# 119828- General Counsel July 2023		

$		

413.00	
3	Orlando Sentinel
Invoice# 077486395000 - Public Hearing/Bid/Misc/Legal Advertising		

$		

196.92	
	Total	$		4,228.19	

Please make check payable to:					
Preston Cove CDD					
6200 Lee Vista Blvd Suite 300					
Orlando FL 32822					
GMs.Central Florlda, LLC	lt
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Preston Cove CDD 219 E. Livingston St. Orlando, FL 32801
Invoice #: 29
Invoice Date: 9/1/23
Due Date: 9/1/23
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - September 2023	(; 0
Website Administration - September 2023 36I Information Technology - September 2023 :;{)a Dissemination Agent Services - September 2023 i,3
Office Suppl!R flO
Postage Copies	,15

-
W/i,s!o / ,@
f.  t
l. •.•'I
 By_		I
--=-=.--:-:::::::::..::.:..:.:..1		2,916.67
100.00
150.00
416.67
0.09
7.84
27.00	2,916.67
100.00
150.00
416.67
0.09
7.84
27.00	

Total	$3,618.27	
Payments/Credits	$0.00	
Balance Due	$3,618.27	

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

August4,2023	Invoice #:	119828
Federal ID #:59-3366512

Preston Cove CDD
c/o GMS-CFL, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001	GENERAL

For Professional Services Rendered:
713/2023	JEL	Research Public Facilities Report requirements per Florida Statutes; review of	0.50	$147.50	
		Engineer's Reports related to public facilities; preparation and review of Public Facilities Report to Osceola County; email correspondence to District Manager with finalized Report			
7/24/2023	JEL	Review agenda and email regarding same; review Developer funding agreement.	0.30	$88.50	
7/25/2023	JEL	Prepare resolution ratifying rescheduling of public hearing	0.60	$177.00	

Total Professional Services:	1.40	$413.00

Total Previous Balance
$413.00 •
$1,933.50
Payments & Credits
Date	

Payments & Credits
Total Due

Amount
$0.00
$2,346.50

Orlando Sentinel

INVOICE

PO Box8023
Willoughby, OH 44096

adbilling@tribpub.com 844-348-2445
Invoice Details Billed Account Name: BIiied Account Number: Invoice Number: Invoice Amount:
Billing Period:
Due Date:

Preston Cove Cdd CU80157613 OTT486395000
$196.92 07/31/23 - 08/06/23
09/05/23

Page 1 of 2
Invoice Details
tronc
Rehueoc,11;

Dncrlptlon	Ad Size/ Rate
Units

Gross
Jmo,urrt

Total
08/02/23 OSC77486395	Classified Listings, Online
Public Hearling/Bid/Misc_Legal 7474433
196.92

-	•■iij•if•t·iiiiO[jiiiliifii. ,ii.:w1Ftitit
Account Summary
Current	1-30	31-60	61-90	91+	Unapplled
Amount	
196.92	0.00	0.00	0.00	0.00	0.00	

Please detach and rotum this porllon with your payment

Orlando Sentinel

POBox8023
Willoughby, OH 44096
Remittance Section Bifled Period·
BIiied Account Name: Billed Account Number: Invoice Number:

07/31/23 • 08/06/23
Preston Cove Cdd CU80157613 077486395000

Retum Service Requested

U?b0DDJ.31	PRESORT 1371 SP0.B30 P3C1 <5>
iJ111ll1iJ•l11IIIM•fhh•1111f•pl•11l1■l■l11ll■lh•1l11fh11II
W.	PRESTON COVE CDD
C!II: CARI URRUTIC
219 E LIVINGSTON ST ORLANDO Fl 32801-1508

•

For questions regarding this bl/ling, or change of address notification, pfease contact Customer Cere:

Orlando Sentinel PO Box8023
Willoughby, OH 44096
hiI I I•I 111111llhl1 lh111111III II hiItl111111111111111111nlllll

PROOF OF
IN THE MATTER OF: FIRST PUBLICATION: 	 - ,Yi.£23
PUBLICATION
From

LAST PUBLICATION:
 r;/,
ILJ . 2..,2 
OSCEOLA
NEWS..GAZETTE
STATE OF FLORIDA COUNTY OF OSCEOLA
Before me, the undersigned authority, personally appeared Pamela Bikowicz, who under oath says that she is the Business Manager of the
Osceola News-Gazette, a weekly newspaper published at Kissimmee, in Osceola County, Florida; that the attached copy of the advertisement was published in the regular and entire edition of said newspaper in the following issues:

Affiant further says that the Osceola News-Gazette is a newspaper
published in Kissimmee, in said Osceola County, Florida, and that the said newspaper has heretofore beeri continuously published in said Osceola County, Florida, for a period
of one year preceding the first publication of the attached copy of advertisement; and affiant further says that she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper.

-------	·-
Sworn and subscribed before me by Pamela Bikowicz, who is personally known to me this

Make remittance to: Osceola News-Gazette
22 W. Monument Ave., Ste. 5, Kissimmee, FL 34744
Phone: 407-846-7600
Email: glugo@osceolanewsgazette.com Yon can also view your Legal Advertising on
www.aroundosceola.com or www.floridapublicnotices.com
 	 	
eRESTQN..COVE COMMJlNIITOJJY tQ, TJH..STRJCT
NOTICE OF PUBLICHEARING TOCONSIDER THE ADOPTION OFIBE FISCALYEAR2023/2024
.BUDGET; NOTICE OF PUBUC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPEClAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OFSUPERVISORS' MEETING.
llpromlni PuhU< lftflllllll;, •B<I Boollar MCl'liua
Th<>lloanl of Supen1sor, ("lloard"} for th, J'n>ston Cov, Comm"nhy D,,t!opmeut D!,trkt ("Dirtrkl") \\ill hold the following two pul>llc
hearing> and• r,gular meeting:
NEOCITY-
corrtlnufld fr\llll Pdge l
orld's ;upply .,f hig11-ent!
semk:ol\(lucl<it cl1q, .
ln re,pon,., tm: US.
epartm<,111 uf Dcfen., ha. funded an lndostdal Batt Anaiy,,s and Su,tamrn nt  (IBAS)
techoology dmlimtnl

manuf1'1turlng ill th, U.S. In N,wemher 2922, new
!IRIDG t:eclmologypartner
llAl'll: TIME, WCATJON:
11:IJOAM
July 27, 2023
Offi«s of Hensnn, W.itet 8< Aosociiltes 8 Broadwar, Suiic !04
kis,imime, Pl. 34741
SkyWator 'Technology completed Its first effi>rts Wlder!BAS, byeslabll.<hlng a comprehel'l$.lvc ,;!Qme.<lic ihcon lnti!'rpos-er manufacturhlg 91p.bllity, a kq  comp<:>n•nt lrl
Th, 6rsl publl, hearmg is be,ngheld pu,.uanl to Chap!« l91J, Florid;1 St•tute.,, to rec,i,e publi.c conun,nr •nd obJ•cti.ow on the IJ,strict'o
proposed budget ("Proposed &dget") furthefiscal y<0r begmmngl)c,.,be, l,1023 an.:l <rulingSeptrmbec 30, 202:1("Flscal Yua,2023/2024"). Th< 5"1:oll<i public h<utng 1! {,,mg held pur<uant to Chapters l9!l and 197, Florid,, SIOluW. I ams,d.., lhe unl"'"llon of operatlOIUI and main!•=• sp«ial •""""ment< 1•o&M AS&easments") upon the land& locw,d wllhln the Dlstrk to fund th, l'ropos,d Bud for FiS<lll Year 2023'20Z4i to consider the adl.iptton or an asse!;Sment roll; Jltd, tn ptoYJde for theJevy,. llecti.on, and enforcement ol·as. si,.me;tlf$. AJ. thi:
<:0ncluS10n oithe nearln s, me 8t);trd will,by ttsolutioll, odopl a budget aud levy O&M11,.,,.mcnli as finally appmved by ths Boan!. A Board meeting oJ the Di.fl.'fM.:t wlll cloo b._,.held where:fut: Boau:1 m.ay «m.'.lder all} other D1stru:t hw,ine.s1:s
loa of.<Wt-I.I
Th• Dilltrid impo:1e; O&M As8a<,tmnls <lfl h<,n.fitt.od property wi'lhm the D>Strict fot tho pu,r,:,;e of fondmg tl1e District's g,iu,,-al
,dmilliotrative,op•rations. md m•lntennn.ce udg,t aud p,roYidlng the funds n•«ss.,ry t,, r•y debt ,ocvke <>n out,t.>nd.lng bonds•• reflooted in the Dist.rid, debt fflvice budg,t. A ge<>j!raphi< depictlM of the prapttty potentially subject IO •h• propo,..J <;)&M A56c,.smc'tllS;,identified m the mopauadied Mr«O. 'Ow table below shows the schedule of the proposed O&M A>s<mnen"', whicl, ar, .ubiect to change at the heating,

Towlh(U1>11&	UIL'f	"--1	A	(laJQ,lhla<olJc-•-1
L	...------- i _.., pa, ...,. d_,,1_,1	_ 
the unending pursuit of smaller and n1orc
<fficlent procc,..ing for kct<vmce. The [BAS ptogn>m <mncided with a prL'Viou, $ 0 mU!lon IJ.S J,.conomic D tlo-pment Adrnm,stnti Build&d< lldia'R,gionalgrnnt.,,.,...,Jal to BRIPG wlier in !ht! r..il of 20'.!2 for ec:mitoMUctor manufacturing.
The SemkonductoI T,'1,nology Aecel«ator would build on that ll!AS w,ct$"i and produce a lt"\'t>nue strt>a.m from
TownhOllse
•"" ••••N-•----
Sing1e Fainily  ..
.LI 18 Units . -· --··•f, l.l.75	,.,,.,.$..9. 92...06··-P·.er Unit ....
35 Un.I	, 1.00	. _.J $l,322.74P<'rllott 	--·-
productfoo <apab,lity by provi<ling fond1ng for wurk:tor.:r training and initial op,,ration,. NooC\ty
The proposed O&M J\:,.,_.ent,; usSlated include coDecbOn costs and/or earlypaym.:nt dis'""" " which 0$<C<lla County ("County") m•y impose on asse"1n nu th-1t ure1.-'0lle:-,..t:ed on th£ Count)· tu bill. MoreO\-e pursuant to ch.:,11 197.½12{4). Ram:l.'4 Statut &.. the lk'Tl .tnlOunt shall .em-•• the •manmum rate·authoriied by law tor O&M Ass,:s,mems. such that no a. ,ment hea,rng shall ht held or notice provided
ln fu	unlcs the asses11ment5 .m: rroposed u, be mc :,cd ot' anoth criterion wilhi.o Stction 197.3632(4). f nda S1a.tulc$) is meL Note that the O&M Assessment, do no1 includ, any &bl ,ervice asa... ,ni<nt< pre,1ously JmeJ by th, District and due to be colb-ted for Fiscal Year 202J/!OM.
IXu Fiscal Year 2023/20241 the D1 tr-ict inten h fu hav;: the County tax o,,lltrl<.Jr <:i',nt<:t the u 1;.essmenrs imJ,1ued C'ln rlain developed property, .nd will directly <ill•ct the m .. om""u ,mp,,,.'<l on Ibo remaiu"Jil benefitled pt'Q)•erty by >t'11di11g out a h!U prior to, "' during. Novembe, 2023. II i,; important lo pay your a.lS<'ssm•nl beawse futlur• ro pay will call6< • la>< w1iJicak to l:>e18>ued against the property whieh may tecult in.lO!s of trtlt, or fur direct billt<l .as..ces..snlfflts, .Uley result 1n a fonclomre- actlo.l'I, wtuch al..-i1may n™-ilt in .t losa oftflle-. To., District's d•-  tn collect  ,sment, on the tax roll or by dire.; billing dee$ not prt<l.ud<th• Distrk't from later elcctiuJl to colle.:t tho<e o,
othet uaes,mmt,4n • nl   manner at • futlll time.
iW4itll!IIGl'Pl'>l'l<lm>I
Tho publl< heanng.< and meeting ar• open to the public and will be wndu<t<tl 1n -.'<:ordaru,, With lb, pr,,,,1;Jo,is of Flonda law. A copy
ofth,, Proposed Budget propo d asowment roU, and the agenda fot the h.:arin ai1d ruettiug may b, obtaiotd at Im ulw:e, of the Di.31dct
r.	Jooatl!d at 219 F. l,ivlttl!"IOD Street, Orlando, Florida 32ll01, Ph: (407) 8<1!-5524 ("Dlotri<:l l•hnagcr'o Olli<e"), dud11g nnrm,d bu,lltffl Jwur,. n,. pul!lic heru:mgs and meetmg may he cnnn.oue.d lo a dale, time, ana phtce '" b< ,pe<'lf. l <:>n the record at ij,e Marlngs .,,
meeting. 'Iltm: may be occaS10rn. "-h«n staff or ho.rel m,,mlm, may parti<q,,te by "9<',ilrer trleplwne.
&Jy petSO!I T1<jlllfing <p«ial ae<:onunt>dallons at this ID£cting bocau,o of a di5obiltty or phy.u;,! lll'lf"ltm•nt should couta.::1!ht District Monogor'• Odiu at lta.<I forty-eight (◄8) hour, prior 101hr mo.ting. Tf you ar, hearing.,.. spe<eh im.paJttd, plea,,,, oon1a<,1 the Florida Relay Se  bytlial!ng 7, l •l, or l ·S00-955-877 l (TTY) I l -l\00-955-8770 (Voice), fur ax!in contacting the Distn<t Manager's Ollie,.
Please note that •Daffe<.'l<d property owners have.the right to appear at tbep<1h!i<hearings and nueti:ng,and may Jlso fil• wril!en obj<,:lion, with th< District Monager'• Office within IW•nty da}'l' of publiatton of this 11otlce. F.ach P""'"' who decide, to itppeal any decision mad,, by
!ht l!oud wJlh respect to MY matter """'1d•rtd at the pubUc h•arlngs or meeting is aJmcd that person Will n<ed • record of pr<,c. dltiJ!S
and1ha!..,..,,dlngly, the per,un mt1y 1><ed l<l e11sure that• verbotim r<cord of the proc. itng, i$ rn,de, inciudlng the t<Stiniony and evidenc;:
11pon whiclt '1Jch appeal i! !a be bo.sc:d,
Geot:gc S.Flint
oflk,als expect th, flnal NSF grant awa,d,; 10 be annouoo:d In	July. Por more mformahon on NeoCity and BlUDG,
s« httpit/lbitly/'lXvjxWA.

HANSEN---...
Cootinuedirom !'age l
and sm.11 buslne,s trlUl<e for·a,, Ooceola Cbamher He was an instrnmm.taf vls!onaty fur ii• Hl,ponlc
llusln•,. Coon<iil. and you could find him ewry )'<'r, dcclwd out ae a wise man dmlng JI• annuol 'rhrec Kini, Day celobi:ation \Ii, first wecloond of January. 'lht Chamber honun:<l him in 2019 as lhe inausural Unity Awaid r«;pi,,nt for contribntion• withln the Chamber llDd beyond lntt> the community.
"With 29 yean of dedic•t•d Chamb<>r membenhip, Guillermo W>S llOl juat • roll<agttt but a ch,ri<bed frlmd; tho
G<Mernmen!OI Monagetll£1lt S.nlce, - Centl'lll Florid•. IJ.C
DblrictM.n'J!',r
Preston Cove COO Boundary Map
O..roher not.e<lSaturday i1l
	p,,st.· The Niltlooal A
of Hispanic J.,u,.naJUu·
Cenlnd Florid• ch"f>tJ:r "	tlus ,ondoknor, "Ouili<mto w.-. mmrunenlnl In guidi"l! our ch•
a.:lliel>!ng""""""'5m...,.;ve
'1Wr.nlJlu""'l,h tit< Hlsponk	Fwnd. A, a pulwlter an.J ,odltor of the u•wopapor l'.1 o,C<Ola Star. it WO> a key pa,I In giving , \IOlC atld ll apact"
i,r theHl<p,\n,c<<>IJll'OUnily
IIO llllDOUJl<e nioaot and
Jaodmark"""'and <ffllU."
Commiltod to tile edllCOlien of tho,, -g from<Cbu<O<llllTies.l""""" """' alse a V,kooa Col'# m.-lllllltx..-d,nomber.
''ValeuciaC'.olleg,,,deeply sa,ld.mod hv the pa,o;lllg of lrusttt (Juilimn<, Haru,,n. We hove loot • dear fri-1 ood a true	lirr our studmb and communtt)';' Va],.,c;. Col!,ae pr<3im:Dt Kathleen Pliwk oaid. •&
ie.	Lll'G1lmdouoler,u:f
Ha11sen le•""• b<bind 'li>lenda and dlild= Yanin
,uJ Bry,,n - .nd • lltnny of Me,id,, dlll,agueo aod
,ontack
S<r...cev att •xp«red IIO
b<<cb,·•iulerl.furntltll'.lllk.

Preston Cove
Community Development District	Funding Request# 31
September 25,2023

PAYEE	GENERAL FUND
FY23
GENERAL FUND
FY24

Latham, Luna, Eden & Beaudine	$	2,310.53 Invoice# 120674- General Counsel August 2023

Egis Insurance & Risk Advisors	$	5,590.00
lnvocie # 19223 - Policy Renewal for FY24

$	2,310.53	$	5,590.00

Total:	$	7,900.53
Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

20i S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

September 5, 2023	Invoice#:	120674
Federal ID #:59-3366512

Preston Cove COD
c/o GMS-CFL, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001	GENERAL11

For Professional Services Rendered:

8/7/2023	JEL	
Quick review for Board of Supervisors' special meeting	0.10	$29.50	
8/9/2023	JEL	Attend special meeting; email lo J.Gamo regarding proposed Pha'>e 3 plat; internal	2.80	$826.00	
		discussion regarding landowner election and new developers.			
8/11/2023	JEL	Email to Distric,i Manager regarding Developer's deficit funding agreement.	0.10	$29.50	
8/14/2023	JEL	Prepare Developer's deficit funding agreement and email to District Manager regarding same.	0.60	$177.00	
8/15/2023	JEL	Email follow up regarding plat; review of the revised plat.	0.60	$177.00	
8/21/2023	JEL	Review agenda, minutes and task list for Board of Supervisors' meeting; draft assessment resolution.	1.00	$295.00	
8/22/2023	JEL	Review revised agenda	0.10	$29.50	
8/23/2023	JEL	Review funding agreement and email correspondence regarding same	0.10	$29.50	
8/24/2023	JEL	Attend Board of Supervisors' meeting and prepared task list following same.	2.20	5649.00	

Total Professional Services:	7.60	,. $2,242.00

For Disbursements Incurred:
8/9/2023	Payment disbursement sent to Jay Lazarovich for Travel to and from Special Meeting	$34.58		
	Oil 08.09.2023			
8/24/2023	Payment disbursement sent to Jay Lazarovich fc-r Travel to and from Board Meeting on 08.24.2023	$33.95		
Total Disbursements Incurred:	,, $68.53			

Total	
$2,310.53	
•		
Previous Balance	$2,346.50			
Total Due	$4,657.03			
01 E

Preston Cove Community Development District c/o Government Management Services, LLC 219 E Livingston St
Orlando, FL 32801

Thank Y 11
X		f cared t	:.n:1re•••L ,, •vi_• 	'	 _
Customer: Preston Cove Community Development District

Remit Payment To: Egis Insurance Advisors	(321)233-9939
P.O. Box 748555
Atlanta, GA 30374-8555	sclimer@egisadvisors.com	Dea	
	08/29/2023	

Preston Cove
Communl1¥ Development District	Funding Request# 32
October 20,2023

PAYEE	GENERAL FUND		GENERAL FUND		
	FY23		FY24		
1	Amtec					
Invoice# 7367-10-23-Aribtrage	$	450.00			
2	Florida Department of Economic			
$	175.00	
Special District Fee-FY24					
3	Governmental Management Services					
Invoice# 30 - Management Fees October 2023			$	3,758.34	
Invoice# 31 - Assessment-FY24			$	5,300.00	
4	Hanson Walter & Associates, Inc.					
Invoice# 5288428- Professional Civil Engineering Service	$	825.00			
5	Osceola News-Gazette					
Invoice# 54B90D7E-006 - LANDOVERS'S MEETING 10/12/23			$	99.62	
6	Latham, Luna, Eden & Beaudine					
Invoice# 121721-General Counsel -September 2023	$	29.50			
Invoice# 121722-Contract Lawsuit -September 2023	$	606.00			

$	1,910.50	$	9,332.96

	Total:	$	11,243.46 
Please make check payable to:

Preston Cove COD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

ihAMTEC
!	!. American Municjpal Tax-·Exempt Compliance

90	Avon M.eadow .Lane
Avon.CT 06001
(T) 860- a21-7521
(F) 860-321-7581
www.amteccorp.com

Client:	Preston Cove Community Development District	Invoice No.	7367-10-23 c/o Ms. Katie Costa
Director of Operations - Accounting Division
Government Management Services - CF, LLC	Date:
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822
October 13, 2023

For Professional Services:

Issue	Senrice	Fee	
$11,610,000 Preston Cove Community Development District (Osceola County, Florida), Special Assessment Revenue Bonds, Series 2022	Rebate Report & Opinion	
$450	
Total	$450		

PLEASE UPDATE YOUR RECORDS TO REFLECT OUR NEW BANK ACCOUNT NUMBER.

Please remit the total due to AMTEC (Tax ID: 06-1308917):

ACH/Wiring Instructions ABA Routing Number AMTEC Account Number
Webster Bank 211170101
4776372200

Please notify AMTEC at info(wamteccorp.com upon completing the transaction.
Florida Department of Economic Opportunity, Special District Accountabiiity Program	#- 5
Fiscal Vear 2023 • 2024 Special District State Fee Invoice and Profile Update
Requited by sections 169.064 and 189.018, Florida Statutes, and Chapter 73C-24, Florida Administrative Code  3l0  •

lz, St.lo
rD-a-te- - vo-.,_-,ce-_-_ -:1-o,oit202iT-- =:- -	= ==	·--	.... J	---  •,;;; ( ;-·No: 89452  -- 	.
Annual Fee: $175.00	·: 11st Late Fee: $0.00	2nd Late Fee: $0.00 ec:elved: $0.00	T.otal Due, Postmarked by 12101/2023:  ,
.,	1$175.00
-•• ··n 		.,_,...,.	 ••	.,	....,._-- •...,,.,,.,,.,,,_,._	'"''"'  ------•---------

STEP 1: Review the following profile and make any needed changes.
Special District's Name, Registered Agent's Name and Registered Office Address:
_1 ,.

001395
Preston Cov, Community Development District
Ms. Jan Albanese Carpenter
Latham, Luna, Eden and Beaudine, LLP 201 South Or.ange Avenue, Suite 1400
Orlando, Flor1da 32801

FLORIDA DEPARTMENT ef ECONOMIC OPPORTUNITY
'

Telephone:
Fax:
Email:
Status:
Governing Body:
Website Address: .
County(ies):
Special Purpose(s):
Boundary Map on File:
Creation Document on File:
Date Established:
Creation Method: ·
Local Governing Authority: 15'. Creation Documei'it(s):
Statutory Authority:
Authority to Issue. onds:
Revenue Source(s):
407-481-5800 Ext:
407-481-5801
jcarpe ter@lathamluna.com Independent
Elected
Not on file - Due by the end of the first fiscal year after creation. Osceola
Community Development 09/22/2021
09/22/2021
08/19/2021
Local Ordinance Osceola County
Count.yOrdinance 2021-54 Chapter 190, Florida Statutes Yes
Assessments
STEP 2: Sign and date to certify accuracy and completeness.
By signing and dating b low, I do hereby certify thaHhe profile above (changes noted if necessary) is accurate and complete:

Registered Agent's Signature: 	 .L.
-• 	.-:_·,  ;' . 
_.. 
Date		
..	..	.	,,,,_,.....
• •	•...	•	,:::;,,.,- •	/,,.,..,,...
STEP 3: Pay the annual state fee or certify eli'gil1ll, fdfzero annual fee.
Pay the Annual F : Pay the annual Je anline by following the instructions at www.Floridajobs.org/SpecialDistrictFee or by check payable to the Florida Departme t of Economic Op rtunity.
Or, Certify Eligibility for the Zero Fee: By initialing both of the following items, I, the above signed registered agent, do hereby certify that to the best of my knowledge and belief, BOTH of the following statements and those on any submissions to the Department are true, correct, complete, and made in.good faith. I understand that any information I give may be verified.
_	This special district is not a component unit of a general purpose local government as determined by the special district and its Certified Public Accountant; and;
_	This special district is in compliance with its Fiscal Year 2023 - 2024 Annual Financial Report (A -r1111111rrr-m men--...=..;;..:: rida Department of Financial Services (DFS) and that AFR reflects $3,000 or less in annual revenues or, i.s&	-t	lea
Fiscal Year 2023 - 2024 AFR with OFS and has included an income statement with this document veri
1
ess in ·fev
1	r the
current fiscal year.	0CT 1 8 ZOz3	1J
Department Use Only: Approved:  Denied:   Reason:	,

STEP 4: Make a copy of this document for your records.	By	

STEP 5: tviail this document and payment (if paying by check) to the Florida Department of Economic Opportunity, Bu'Rrati=o-tmrc1mt1-'  Managem nt, 107 East Madison Street, MSC #120, Tallahassee, FL.32399-4124. Direct questions to (850) 717-8430.
.	.,.
Fiorida Department of Economic Opportunity, Special District Accountability Program
Fiscal Year 2023 • 2024 Special District State Fee Invoice and Profile Update
Requi(ed by sections 189.064 and 189.018, Florida Statutes, and Chapter 73C-24, Florida Administrative Code
-Dat--e-,n-v-o-,ce-d_:_1_0,-0-21..:..20_2,_3r,	I	-..  --1------	Ltnvolce No; B9452	..
Annual Fee: $175.00 • :' , 1st L;rte Fee: $0.00 .
12nd Late Fee: $0.00	iRac:eived: $0.00	!Total Due, Postmarked by 12/01/2023:

.	,_..1._
-------...Il------------'-1'7-5-.-00'---'	'
STEP 1: Review the foUowing profile and make any needed changes.
Special Disbict's N;ame, Registered Agent's Name and Registered Office Address:

001395
Preston Cov, Community Development District
Ms. Jan Albafiese Carpenter
Latham, Luna, Eden and Beaudine, LLP 201 South Or;ange Avenue, Suite 1400
Orlando, Florida 32801

FLORIDA DEPARTMENT ,f
ECONOMIC OPF'O UNITY

Telephone:
Fax:
Email:
Status:
Governing Body:
Website Address: .
County(ies):
Special Purpose(s):
Boundary Map on File:
Creation Document on File:
Date Established:
Creation Method: •
Local Governing "-uthority:
15 Creation Documetjt(s): 1&. Statutory Authority:
Authority to Issue onds:
Revenue Source(s):
407-481-5800 Ext:
407-481-5801
jcarpanter@lathamluna.com Independent
Elected
Not on file - Due by lhe end of the first fiscal year after creation. Osceola
Community Development 09/22/2021
09/22/2021
08/19/2021
Local Ordinance Osceola County
Coun_tyOrdinance 2021-54 Chapter 190, Florida Statutes Yes
Assessments
STEP 2: Sign and date to certify accuracy and completeness.
By signing and dating tielow, I do hereby certify thatthe profile above {changes noted if necessary) is accurate and complete:

Registered Age_n:_t's_Sigri_ature·: ····-----,.,c;.-'--,---7"": •./?		,..----
-	--
STEP 3: Pay the annu .i state fee or certify el i Ii  fdrzero annual fee.

Date 	 _
Pay the Annual Fefi: Pay the annual Jle.•illline by following the instructions at www.Floridajobs.org/SpecialDistrictFee or by check payable to the Florida Department of Economic Opportunity.•
Or,  Certify Eligibility for the Zero Fee: By initialing both of the following items, I, the above signed registered agent, do hereby certify that to the best of my knowledge and belief, BOTH of the following statements and those on any submissions to the Department are true, correct, complete, and made in.good faith. I understand that any infonnation I give may be verified.
_	This special district is not a component unit of a general purpose local government as determined by the special district and its Certified Public Accountant; and,-
_	This special district is in compliance with its Fiscal Year 2023 - 2024 Annual Financial Report (Af:Rt'9mlr.Q :!f._-ei:i.erlt.Yiiilll.. £!< rida
Department of Financial Services (DFS) and that AFR reflects $3,000 or less in annual revenues or, is 1 §	._	,.r. t..	ea
Fiscal Year 2023 - 2024 AFR with DFS and has included an income statement with this document veri •		less in raven	r the current fiscal year.	OCT 1 8 2023
Department Use Only: Approved:  Denied:   Reason:	+	1a:,1,

STEP 4: M_ake a copy f this document for your records.	By:::::::----,..
STEP 5: Mail this document and payment (if paying by check) to the Florida Department of Economic Opportu irui'eauri:Jt-tmdai!{.J Managem nt, 107 East Madison Street, MSC #120,.Tallahassee, FL:32399-4124. Direct questions to (850) 717-8430.
.t.
GMS-Central Florida, LLC lt
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Preston Cove CDD 219 E. Livingston St. Orlando, FL 32801
Invoice #: 30
Invoice Date: 10/1/23
Due Date: 10/1/23
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees • October 2023	0
W.ebsite Administration· October 2023	'b5pl Information Technology- October 2023		3 6 { DiS$emination Agent Services - October 2(}		ol	
	3,091.67
100.00
150.00
416.67	3,091.67
100.00
150.00
416.67	
				
GMS-Central Florida, LLC ;I± "'
1001 Bradford Way Kingston, TN 3n63

Bill To;
Preston Cove CDD 219 E. Livingston St. Orlando, FL 32801
Invoice

Invoice #: 31
Invoice Date: 9/30/23
Due Date: 9/30/23
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Hanson Walter & Associates, Inc 3Broadway
Suite104
Kissimmee, FL 34741
407-847•9433	Page: 1 of 1
5271-05
5288428

INVOICE			
GOVERNMENTAL MANAGEMENT	CUENT ID:	6880	
SERVICES	INVOICE#:	5288428	
CENTRAL FLORIDA, LLC	INVOICE DATE:	9/21/2023	
6200 LEE VISTA BLVD., STE. 300	DUE DATE:	10/1/2023	
ORLANDO, FLORIDA 32822	BILLED THROUGH:	8/31/2023	
PRESTON cove COD
JOB ID: 5271-05
PERIOD: August  2023
For Professional Civil Engineering Services Rendered Through August 31, 2023 Pay App review and coordination, site visits/meetings and requisitions.
PO:

Total	Amount Previously	
Amount This	
TIME & MATERIALS	Billed To Date	Bllled	Billing	
CIVIL EGINEERING CONSULTING SERVICES	7,855.00	7,030.00	825.00	
REIMBURSABLES	0.00	0.00	0.00	
	7,855.00	7,030.00	825.00	

OS(ll.)U
NEWS-GAZeT1'E
!=IM1ht•t•WMM1iffl
Invoice

Osceola News- Gazette 222 Church Street

Kissimmee, FL34741 helP-,column.us
Invoice number Notice ID Publisher
Date of issue
54B90D7E-0006
pI3t6AYPcSqx8BMIOAgy Osceola News-Gazette
Oct 3, 2023

 	

=== How to pay this invoice =·==
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OSCEOU
NEWS-GAZETTE
aroundo1ceola.com
AFFIDAVIT OF PUBLICATION

Osceola News-Gazette 222 Church Street
(407) 846-7600

I, Bailee Liston, of lawful age, being duly sworn upon oath depose and say that I am an agent of Column Software, PBC, duly appointed and authorized agent of the Publisher of Osceola News-Gazette, a publication that is a "legal newspaper" as that phrase is defined for the city of Kissimmee, for the County of Osceola, in the state of Florida, that this affidavit is Page 1 of 1 with the full text of the sworn-to notice
set forth on the pages that follow, and that the attachment hereto

NOTICE OF LANDOWNERS' MEETING AND ELECTION
ANO MEETING 01'1'1!£ BOAl'ID 01'SUPERVISORS 01' TiiE
J •• OVJ, OP"WNITT OCVE!O"'lFVl'DtS'RI<"

Nott-a 15 tlefet,yg!Vento tht-' a,'lCl nerswil n- n f''1/slut' ('A)',t) Coi,ni,oit; O!We!opn'!&OI Oh>lfi!\I \th<\'fli'.llric:f}, 1he !Qcat r.i of wh1ch is qener,11111.-/ d&!K. it:itm as cmnprlatt'l9 ¥ rt.arr.el Cf parceti;. Qi land l';Mfainir1G ;)PJttaliUmB.tftty 't-4!:l.69 a"rt&S. Q&rl a!fy fOCc\ted e.."Ut of N Jim Brd<.11 Prop&rt!f, W1?sl ct a 9,upo.S:ad tfeve know.n a$ ·fba:. Cr055«tg$, north o1 Jooes Rood arid """"' 01 W.-.gr,1,,. 1'holl<!S ! R\<""911 4 in
::=
Dls i<:l L'<>ard of S"ilM"""ffi
DAT£: November 7.i1023
nu,,jj:00 •"'
PLACE·: Otho1m Of Han$0!'3. Wdr\f#' & As-sociates, Inc.
8 Bri-""May, s,,i;,, 1\l<I
k.isu:,nr,;ff, Fi':tl'kJe.J..t7-lt

'Ea< rt lant.khffler mi\¥ vote tft ;>er ,n o. by written proxy. Pn)xy forff {.r,i£tl toe" ed 1JPOO fRqUQ at Unt off"iee of the Dl.sffl t Manage,, ® Go..-e:mmeofal Maaag ment S. ff'S
- GentrsJ Florida, 219- E. Uv-.,ng-YtQI\ Slfeet., Orlando, Florida.
:)2801 ("'District Offico'). At "'1id """"109 -h landowoo, or M or t-or pmxy s!la!I bo ent.ltk."d to oominaie persons ,<X Ute position ot 3o:>arvisQf amt c-d6t ooe vote per ltO'e of land. Of ff'.lChQ!''J:ll pof'tton tt,ereot\ OWMd by hffl £tf het and lot;ated ff'Nn #'le: ffir.J:i:"ct for eooo person lo bff ed	lo the poslbon u1 SujM1'11,sor. r,ach0!1 "' an	srn111 ll<>1,oated as one ll<te, ..-Mkng lhe .,,,_,., on8 'nlt& ,.;th1e,ipe« •­ P<a11e<J lots sl;al! b• coonied indMJually af\d IOOoded up to the
""""""·,._ """'· Th<>•or••oe o1p1a11oo lots sho• not r,,,
contains the correct copy of what was published in said legal newspaper in consecutive issues on the following dates:
"'J0,.gale<t re,,do!ormm•og l!ie '"'"""' of 'l>tir,g ""'1s hokl by a 4:mCXW.nm or a i!'t!lt'bNner'$pm:"Y. Ai the WlOO'Wnettf mee¾.iog IJ'ie IMW.klwrwrs aba,tl s&Met a person to .ooNe a.a;1M m.aeling cha and woo ,;1<_.11 conduct the uli.'eti!,g
ll"'lar.6oWM<>' moobng andth• Boardo!Sv!;eM$<!!S rr,eeung
a-,e open 'to  pubbc and wit be oooducted lf! accordance
PUBLICATION DATES:
Oct. 12, 2023
Notice ID: pl3t6AYPcSqx8BMIOAgy
Notice Name: PRESTON COVE CDD*LANDOVER'S MEETING
w,th tl1<>P'"""''"'" Q!FIQ<i<!a ia'N. 011e"' boll! of Iha meetings
may be continuoo lo • date.Ume. and pi,,ce to l>9 •pe,;il'ied an
!he re<:<>Td at '"'ch m,aliog. A copy ot 1M ag,tada !or tht.	,
rncotings may tic OOU.ntld 1mm lhc Dismct Qt!ico. ll>o<e mav be an occa.sK>n -wtlfm! one or moot supet',lGOl:'S: \tsitt par6cipete 11/ erwlop one.

Any person ""!"kl!'!) '!)0!01al WCO<lffi/f""l6l>O"" lo p;,rtiefpa(e In fnf.'50 m,,,,il<,g$ i• 1<$l<O!J IU Co<>lU<{ 1!1e DOll,,c\ Offioo a\ (407) 1141•5524, •lleast l tt(481 hou'" bl>loo! Ille ""1«"'9 Q
PUBLICATION FEE: $99.62
. t :e'..·:tt?f'fi
the. Oiatnct Ulftce,
Ji :.:: :;

Under penalties of perjury, I declare that I have read the foregoing document and that the facts stated in it are true,
A parson wtw d'°ide5 to ai'l)eill ""ii <IO<i<!of! '""-d• by tho
Board WIV1 ,e:spec; 10 any tnfttt&r consK'klff;d a\ the me&tmg is
-	ttv.ll socnperson "i!l r.eed • "''""'<JI Ille gs
and !hot ao::ord!ogly, tho pet"zon may ooed to oMura that a
vtirbatlm record ot the c; aediflg:!1u; m8de. indutlmg tt,e lost!ffl'.>f'fV and clrideooe upon wtncfl th& appeal fs io be-based.
TtQS.L.A<!cfm
lllsl-ictMa,_.
O<M,t,er 12., 202:I

Agent

VERIFICATION
State of Florida County of Charlotte
Signed or attested before me on this: 10/13/2023

RACHAEL MAF ,' SCHULTZ
Notary PubIic - Sti,te of Florida

Commission # 1H1:1.%7:l
Expires on Ma 27, 2025

Notary Public
Notarized online using audio-video communication

LI .' .2·---

PRESTON COVE CDD*LANDOVER'S MEETING - Page 1 of 1

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

October 5, 2023	Invoice#:	121721
Federal ID #:59-3366512

Preston Cove COD
c/o GMS-CFL, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001	GENERAL

For Professional Services Rendered:
9/15/2023	JEL	Review of agenda items and email regarding same
Total Professional Services:

0.10	$29.50

0.10	$29.50

Total	$29.so,
Previous Balance	$4,657.03
Total Due	$4,686.53

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

October 5, 2023	Invoice#:	121722
Federal ID #:59-3366512

Accounts Payable Preston Cove COD c/o GMS, LLC
219 East Livingston Street Orlando, FL 32801

Matter ID: 7772-004	Contract Lawsuit against COD
For Professional Services Rendered:

9/5/2023	JAC	Email with developer counsel regarding need to additional 30 day extension	0.20	$81.00	
9/6/2023	JER	Review request by Josh Grosshans on continued extension and JC's response look	0.70	$367.50	
		at pleadings as they stand with hopes of getting us out for good without additional filings other than dispositive motion.			
9/27/2023	JER	Review notices of special set hearings for Oct 17th to discuss strategy with Attorney Taylor.	0.30	$157.50	

Total Professional Services:	1.20	$606.00 t

Total Previous Balance
$606.00 •
$562.50

Payments & Credits Date

Payments & Credits
Total Due

Amount
$0.00
$1,168.50

Preston Cove
Communit;y Development District	Funding Request# 33
November 10,2023

1	Osceola News-Gazette
Invoice# 54B90D7E-0005- Notice BOS Meeting for FY-24	$	78.19

$	78.19	$

Total:  $	78.19
Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

AFFIDAVIT OF PUBLICATION

Osceola News-Gazette 222 Church Street
(407) 846-7600

I, Bailee Liston, of lawful age, being duly sworn upon oath depose and say that I am an agent of Column Software, PBC, duly appointed and authorized agent of the Publisher of Osceola News-Gazette, a publication that is a "legal newspaper" as that phrase is defined for the city of Kissimmee, for the County of Osceola, in the state of Florida, that this affidavit is Page 1 of 1 with the full text of the sworn-to notice set forth on the pages that follow, and that the attachment hereto contains the correct copy of what was published in said legal newspaper in consecutive issues on the following dates:
PUBLICATION DATES:
Sep.28,2023
Notice ID: 11JESLRW9S717OcPhGg6
Notice Name: PRESTON COVE CDD*FISCAL YEAR 2024
PUBLICATION FEE: $78.19

Under penalties of perjury, I declare that I have read the foregoing document and that the facts stated in it are true,

BOARD OF SUPERVISORS 11/llITTlHG OATES
PRESTON COVE C0111MUNITY OEVELOl'Ml!l>IT OISTI\ICT
FISCAL YEAR 2024
ThP, Si,a d uf Stiµerv ofth$	Cvve Community D<M,k>p,,•""1 n..i.1r,1 will r·:,1s1 l!,Oif "'91''" meeting$ 10, F!scal YeM f:i1 41 at tr 0-ffk s of Httn$0F., Waiter  A.. a:tmt, loo., SBm!,m,;•y, Su¾ 104, Ki...,,,n,o, Flr,&! 34741 >!9Jl0 am or,tt1t...Fout1h·n-,.irse4,v of tMrru,nth, i		$$ NS:
0t.1ooor ms.roro
N<l--23.2023
nooemb&r 2a 2023
;! :!;, .
Ma<dt 28, 2024
A/Jril 5. 2024
May?:l,2024
,.<,!0027, 2024
./ti!y 25.2024
,wg,,$122, 2024
Silj>lllm!J<1< 211, >(}24

lhe i')-ffi!tr;•s aieopan totl'm p.ubii.c af'd W:'!l:iG-canduC-00 m accord • w-4tn ttc p,ci: U'!&01f- a l(<«fo•Comm.;:nJty Qe-;a·:i;n .oot rnstd<::t!J. A ccpy of tfle c.a ·ror n pa,_rtlwlur fl',fleetkJ may be .oLfa;o1d ttom the Ot$rief Mar-3Q"'f 1'!.t 21'9L
t \(I ( Strem, Qr(;;,ndn ft J-2601
A tl'Wffli.1p ,r,,11 bf) ei,r1 had.a19, llr!W, a1¥.:1p;:aoo to be
P.fl$r.x ;r.t ;,n me r@.X_lt!';,1 ;i.t that G-	TtH%e-maytm
\Yt,e(i:O'fW'or mme Su may par\i.jpa bytft
A:'1y wn «'q-uir!ng r,:poclaf ae:;cm IOda Wu at ff'liMi;,e, meeti 9'a llecausaaf ad!a,.illStyOf al in shoofd OOll!att 11!0 Di•trlct (JI!·,,,. •I lellsl forty.,;gi,t (48J ooms """'
I	•	impaire<l, please
1·1 Ol'i -
Wt!; :: rJ:rt	6:
!ho prQw,¢,,", ""' 1;11,,. aooor , u,,, porson mar""""
In"'""'" !lll!l a-lrn recM1q! 'ha pr0<"""'"'9<' o, ow!e.
!;1 1:- :,timori'f arKS tw i(; t.lp(; whK;h suet'! ,
Geo,g<, $. finl
Oo""mmoofa! Maoagemem	Cen al Bon . LLC
O!sb'.ctMa- Se!,te,a;oo, 28. 202!!

Agent

PAMELA
Notary Public - S

AEZ
te of Florida
VERIFICATION
State of Florida County of Orange
Signed or attested before me on this: 09/29/2023

Notary Public
Notarized online using audio-video communication

Commission# iH 186700
Expires on Oc- b r 14, 2025

 	

PRESTON COVE CDD*FISCAL YEAR 2024 - Page 1 of 1

OSCOOIA
NEWS.GAZETTE
i!lta11U+H4MENMnl
Invoice

Osceola News- Gazette--a\
2i2 Church Street
Io	-St3-'\ -
Kissimmee, FL34741
heIP..column.us
Invoice number Notice ID Publisher
Date of issue
54B90D7E-0005
11JES LRW9S7I7OcPhGg6
Osceola News-Gazette
Sep 19, 2023

Bill to		Date due
Amountdue	Oct 19,2023
$78.19	
GMS*				

Description	
Qty	
Unit price	
Amount	
09/28/2023: Legal and Public		
71.08	71.08	
Notice Notice •				

=== Notes===
Notice Name: PRESTON COVE CDD*FISCAL YEAR 2024		
Subtotal	
$71.08	

=== How to pay this invoice===
This publisher accepts online payment via credit or debit card, or ACH bank transfers. Please click here to pay online: https·//www.column.us/invoices/fuRXg2ubYEB2vH4g9x5UJ2.eY.
Tax	0.00
Processing Fee	7.11
Please note that, once paid, the merchant name on your billing statements will be Column Software PBC.
Select organizations may also pay via check. Checks will result in processing delays and should not be used if your notice requires upfront payment. Please pay the exact amount due, write your invoice number 54B90D7E-0005 on the memo, include a printed copy of your Invoice PDF, make the check payable to Osceola News- Gazette, and mail to the address above.
Amount due	$78.19 ,

Pay here: httRs://www.column.us/Jnvoices/fuRXg2ubYEB2vH4g9x5UQaY.

Questions? Visit hel12.column.us	54B90D?E-0005 - Page 1 of 1

-

Preston Cove
Communify Development District	Funding Request# 34
November 29,2023

1	Govemmental Management Services
Invoice# 32 - Management Fees November 2023	$	3,780.09

$	3,780.09

Total:	$	3,780.09
Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

GMS•Central Florida, LLC .:;!J.
1001 Bradford Way Kingston, TN 3TT63
Invoice

BIii To:
Preston cove COD 219 E. Livingston St. Orlando, FL 32801
Invoice #: 32
Invoice Date: 11/1/23
Due Date: 11/1/23
ca.e:
P.O. Number:

 	
Description	Hours/Qty	Amount
Total	$3,780.09
Payments/Credits	$0.00
Balance Due	$3,780.09

Preston Cove
Community Development District	Funding Request# 35
December 18, 2023

1	Governmental Management Services					
Invoice# 33 - Management Fees December 2023		$		3,759.67	
2	Latham, Luna, Eden & Beaudine					
Invoice# 122703-General Counsel -November 2023		$		582.50	
Invoice# 122704-Contract Lawsuit -November 2023		$		1,155.00	
Invoice# 122705-Conveyances/Requisitions - November 23		$		324.50	

$		

5,821.67	

Total:	
$		
5,821.67	
Please make check payable to:					
Preston Cove CDD					
6200 Lee Vista Blvd Suite 300					
Orlando FL 32822					
GMS-Central Florida, LLC t\'
1001 Bradford Way
Kingston, TN 37763
Invoice

BIii To:
Preston Cove COD 219 E. Livingston St. Orlando, FL 32801
Invoice#: 33
Invoice Date: 12/1/23
Due Date: 12/1/23
case:
P.O. Number:

Total	$3,759.67	
Payments/Credits	$0.00	
Balance Due	$3,759.67	
LATHAf,.1, LUNA:4 3
EDEN&BEAUDINE,"·'
•',T..A... -,•,-,_- ,y,·-, -/\T. ·l-, ·'-. ".".. V:210 Vr.13-,"J..,.t;:;,:/
201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

December 13, 2023	Invoice#:	122703
Federal ID #:59-3366512

Preston Cove CDD
c/o GMS-CFL, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001	GENERAL

For Professional Services Rendered:
11/1/2023	JAC	Email regarding discovery deadlines in John Hall lawsuit; conference with Jennifer Eden	0.20	$81.00	
11/14/2023	JEL	Email regarding notice to owner	0.10	$29.50	
11/15/2023	JEL	Review response to Notice to Owner and review same with A.Matos; email to District Manager regarding same	0.60	$177.00	
11/28/2023
JEL	Prepare 3 responses to Notices to Owner and emails regarding same
1.00	$295.00 
Total Professional Services:
1.90	$582.50 _,,

Total		$582.50 Previous Balance	$3,233.03
Payments & Credits
hi!!  Notes	Amount
Payments & Credits	$0.00
Total Due	$3,815.53

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

December 13, 2023	Invoice#:	122704
Federal ID #:59-3366512

Accounts Payable Preston Cove CDD c/oGMS, LLC
219 East Livingston Street Or1ando, FL 32801

Matter ID: 7772-004	Contract Lawsuit against CDD

For Professional Services Rendered:
11/13/2023

11/13/2023
JER Review all opposition papers filed by opposing counsel to address any issues that could affect our Summary Judgment.
JER Review hearing materials on J. Grosshan's motion to dismiss; confer with J. Grosshans on summary judgment thereafter; go over draft of summary judgment and needed affidavit.
0.90

1.30
$472.50

$682.50

Total Professional Services:	2.20	$1,155.00 0

Total	$1,155.00	
Previous Balance	$763.50	
Total Due	$1,918.50	

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

December 13, 2023	Invoice #:	122705
Federal ID #:59-3366512

Accounts Payable Preston Cove COD c/o GMS-CFL, LLC
219 East Livingston Street Orlando, FL 32801

Matter ID: 7772-005	Conveyances/Requisitions

For Professional Services Rendered:
11/20/2023	JEL	Review TWA comments to conveyance documents	0.10	$29.50	
11/28/2023	JEL	Review settlement statement and email regarding same; revise revised commitment and email regarding same; revise Owner's Affidavits	1.00	$295.00	
Total Professional Services:	1.10	$324.50 l

Total	$324.50	
Previous Balance	$177.00	
Total Due	$501.50