Preston Cove Community Development District

Meeting Agenda May 22, 2025

Preston Cove
Community Development District

May 15, 2025
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, May 22, 2025 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
Appointment of Individual to Fulfill Board Vacancy in Seat #3 with a Term Ending November 2027
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2025-04 Electing Assistant Secretary
Approval of Minutes of the April 24, 2025 Board of Supervisors Meeting
Consideration of GMS Proposal for Remote Amenity Management
Consideration of Current Demands Proposal for Access Control Installation
Consideration of Pool Maintenance Agreements
Five Star Pro Services LLC
Resort Pool Services
Staff Reports
Attorney
Engineer
District Manager’s Report
Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters - 71
Designation of November 14, 2025 as the Landowners’ Meeting Date
Field Manager’s Report
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

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RESOLUTION 2025-04
A RESOLUTION OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT ELECTING AN ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Preston Cove Community District desires to elect 	as an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:
1.		is elected Assistant Secretary of the Board of Supervisors.

Passed and adopted this 22nd day of May, 2025.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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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, April 24, 2025, at 9:19 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Shaman Foradi	Chairperson
Maria Rust	Assistant Secretary
Maria “MJ” Sanchez	Assistant Secretary Also present were:
Jeremy LeBrun	District Manager, GMS
Jay Lazarovich	District Counsel, Latham Luna
Jarett Wright	Field Manager, GMS
Ashley Hilyard	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. LeBrun called the meeting to order at 9:19 a.m. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present, just Board and staff.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill Board Vacancy in Seat #3 with a Term Ending November 2027
Mr. LeBrun stated that last month the Board had tabled this item and asked if the Board was ready to appoint someone today. There not being anyone to add at this time, this item will be added to the next month’s agenda.
April 24, 2025	Preston Cove CDD

Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2025-04 Electing Assistant Secretary
Mr. LeBrun noted Items A, B, and C would be deferred until the next meeting.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the February 27,
2025 Board of Supervisors Meeting
Mr. LeBrun presented the minutes from the February 27, 2025 Board of Supervisors meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-06
Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing
Mr. LeBrun presented the resolution to the Board and summarized its contents. He noted that the Board is approving a prosed budget, setting the highwater-mark for the assessment to be collected for the CDD. The public hearing date will be held at the July 24, 2025 regularly scheduled Board of Supervisor’s meeting. This proposed budget shows no increase in assessments for the fiscal year. He offered to answer any Board questions after going through all the budgeted line items. There being no comments, he asked for a motion of approval.

SIXTH ORDER OF BUSINESS	Consideration of Amenity Maintenance
Agreements
Clean Star Services of Central Florida, Inc.
Mr. Wright recommended Clean Star Services stating they do a very good job in all of the other communities they work with noting their cost effectiveness. The proposal is for three times a week totaling $850 per month. Other services would increase that price depending on the CDD’s

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April 24, 2025	Preston Cove CDD

needs. They will start with the base services and add on as needed. There were no Board questions and there was a motion of approval.

Five Star Pro Services LLC
Mr. Wright presented two proposal option for pool maintenance. Five Star Pro Services proposal total $850 but that cost does not include pool chemicals. The cost for chemicals will very between $600 and $1,000 depending on the time of year.

Resort Pool Services
Resort Pools is the District’s current vendor with a monthly fee of $1,350 per month that
includes the cost of pool chemicals and is the company
The Board decided to table this item at the moment until they can get additional vendor information. Ms. Rust is requesting additional information on different communities each vendor services, how long they have been in business, and other useful information that will better the decision process for this large investment. This item will be added to the next month’s agenda.

SEVENTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2024 Audit Report – ADDED
Mr. LeBrun stated that the final draft was just received from the auditor which is why this item was added onto the agenda. Mr. LeBrun went over the summary of findings form the auditor stating this was a clean audit with no findings. He offered to answer any question and asked the Board to authorize staff to transmit the report to the State. There were no questions and there was a motion to accept the audit report.

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April 24, 2025	Preston Cove CDD

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich noted that at the last meeting, the Board approved a security service agreement with Envera. They have since decided to push back on three of the items district counsel struck through in the proposal. The original proposal was prepared for the developer, and as staff asked that it be in the name of the CDD, they have chosen to keep certain items that the CDD as a governmental entity would not enter into, including sales tax, an indemnification provision, and auto renewals. He has reached out to them concerning the push backs and haven’t heard back. He’ll keep the Board up to date with any changes if they occur. There being no other questions for District Counsel, the next item followed.

Engineer
The District engineer was not in attendance.

District Manager’s Report
Check Register
Mr. LeBrun presented the check register for the month of March totaling $71,712.42. He offered to answer any Board questions on the check register. There being none, there was a motion of approval.

Balance Sheet and Income Statement
Mr. LeBrun presented the unaudited financials through March 31, 2025. There was no action required, and this item was presented for Board information.

Field Manager’s Report
Mr. Wright noted that in terms of maintenance there is not much going on as the amenities are still being built out. As it is getting ready for turnover, all the maintenance contracts will be in place for and ready to transition into the CDDs insurances. Mr. Wright provided some updated pictures for Board information and stated some concerns.

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April 24, 2025	Preston Cove CDD

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

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

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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This item will be provided under separate cover

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Current Demands Electrical & Security Services, In
2315 Commerce Point Drive, Suite 100 Lakeland, FL 33801
+18635834443

service@currentdemands.com					

Estimate					
ADDRESS		ESTIMATE	GMS10379R1		
PRESTON COVE CDD		DATE	05/15/2025		
6200 LEE VISTA BLVD, SUITE 300					
ORLANDO, FL 32822					
ACTIVITY	DESCRIPTION	QTY	RATE	AMOUNT	
NOTE	ESTIMATE TO WIRE, INSTALL AND PROGRAM (1) NEW INCEPTION ACCESS CONTROL SYSTEM WITH
(6) READERS CONTROLLING (3) DOORS AND (3) GATES.	1	0.00	0.00T	
IR 995201 ENCLOSURE	INCEPTION MED LOW PROFILE ENCLOSURE	1	241.13	241.13T	
IR 996300NA CONTROLLER	INCEPTION CONTROLLER	1	861.22	861.22T	
IR-996012PCB&K	IR-996012PCBK
INNER RANG 996012PCB&K INTEGRITI SLAM 2DAM	1	558.28	558.28T	
994720 SIFER CARD READER	INCEPTION SIFER RS-485 SMART CARD READER	6	164.36	986.16T	
600S MAGLOCK	ALARM CONTROL MAGNETIC LOCK, 12/24 VDC, 600LB	2	179.00	358.00T	
RXM 200 REQUEST TO EXIT, WITH TIMER	GL REQUEST TO EXIT, WITH TIMER	2	99.00	198.00T	
TS 2T PUSH TO EXIT W/TIMER	ALARM CONTROLS PUSH TO EXIT WITH ADJUSTABLE TIMER	2	151.30	302.60T	
9400 630 SLIM LINE ELECTRIC STRIKE	HES SLIM LINE ELECTRICE STRIKE	4	435.99	1,743.96T	
ACCESSPLENJKT1SHLD	ACCESS COMPOSITE WIRE 18-4C + 22-2C +22-4C
+22-3P STR BCFOIL SHLD (22-3P ONLY) ZLSPVC JKT YEL CMP	1,000	1.24	1,240.00T	
MISCELLANEOUS MATERIALS	MISCELLANEOUS: PARTS,ZIPTIES,SCREWS ETC.	1	300.00	300.00T	
ACCESS/CAMERA LABOR	ACCESS/CAMERA LABOR	1	2,750.00	2,750.00	
LOCKSMITH LABOR	LOCKSMITH LABOR	1	750.00	750.00	

Contact Current Demands Electrical & Security Services, Inc. to pay.	

SUBTOTAL	

10,289.35			
	TAX	0.00			
	
TOTAL	$10,289.35			

Page 1 of 2
Accepted By Accepted Date

Page 2 of 2

Current Demands Electrical & Security Services, In
2315 Commerce Point Drive, Suite 100 Lakeland, FL 33801
+18635834443
service@currentdemands.com

Estimate

ADDRESS
PRESTON COVE CDD
6200 LEE VISTA BLVD, SUITE 300
ORLANDO, FL 32822
ESTIMATE	GMS10378
DATE	05/15/2025
EXPIRATION DATE	06/15/2025

ACTIVITY	DESCRIPTION	QTY	RATE	AMOUNT	
NOTE	ESTIMATE TO WIRE, INSTALL AND PROGRAM (1) NEW INCEPTION ACCESS CONTROL SYSTEM WITH
(6) KEYPAD/ READERS CONTROLLING (3) DOORS
AND (3) GATES.	1	0.00	0.00T	
IR 995201 ENCLOSURE	INCEPTION MED LOW PROFILE ENCLOSURE	1	241.13	241.13T	
IR 996300NA CONTROLLER	INCEPTION CONTROLLER	1	861.22	861.22T	
IR-996012PCB&K	IR-996012PCBK
INNER RANG 996012PCB&K INTEGRITI SLAM 2DAM	1	558.28	558.28T	
994725 READER WITH	SIFER KEYPAD SMART CARD READER WITH KEYPAD	KEYPAD	6	387.55	2,325.30T	
600S MAGLOCK	ALARM CONTROL MAGNETIC LOCK, 12/24 VDC,
600LB	2	179.00	358.00T	
RXM 200 REQUEST TO EXIT,	GL REQUEST TO EXIT, WITH TIMER WITH TIMER	2	99.00	198.00T	
TS 2T PUSH TO EXIT W/TIMER	ALARM CONTROLS PUSH TO EXIT WITH
ADJUSTABLE TIMER	2	151.30	302.60T	
9400 630 SLIM LINE	HES SLIM LINE ELECTRICE STRIKE ELECTRIC STRIKE	4	435.99	1,743.96T	
ACCESSPLENJKT1SHLD	ACCESS COMPOSITE WIRE 18-4C + 22-2C +22-4C
+22-3P STR BCFOIL SHLD (22-3P ONLY) ZLSPVC JKT YEL CMP	1,000	1.24	1,240.00T	
MISCELLANEOUS MATERIALS  MISCELLANEOUS: PARTS,ZIPTIES,SCREWS ETC.	1	300.00	300.00T	
ACCESS/CAMERA LABOR	ACCESS/CAMERA LABOR	1	2,750.00	2,750.00	
LOCKSMITH LABOR	LOCKSMITH LABOR	1	750.00	750.00	

Contact Current Demands Electrical & Security Services, Inc. to pay.	SUBTOTAL			
11,628.49	
TAX			0.00	

TOTAL			$11,628.49	

Page 1 of 2
Accepted By Accepted Date

Page 2 of 2

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FIVE STAR PRO SERVICES LLC

Preston Cove CDD Community Pool
Saint Cloud, Fl.	3/19/2024

RE: CPO Preventative, Cleaning. Attn; Mgmt.
We have visited the swimming pool on your property and inspected the pools environment and mechanical systems in order to provide you with an accurate proposal to perform CPO services
i.e. Pool Cleaning. On your property Mission Sonoma.

Our proposed service interval is for 3 days per week, weekly services up to and including all Certified Pool Operators procedures as outlined in the NSPF curriculum for weekly Commercial pool service.

Cost for 3 days/wk. CPO Preventative and Cleaning Services Pool 850./Mo.
SCOPE- -CPO Cleaning- services include 3 day service per week. -Debris Removal -Chemistry testing and balancing -Chemical inventory and ordering -Filter maintenance -Record Keeping
DEPTH- -CPO Preventative- (designed to save our clients thousands in capital and decreased liability risks) -Higher than industry standard CPO practices -Preventative Consultation -Health Inspector Coordination (representing You, our client)
This proposal does not include chemicals. Because if we included chemicals in our service price it can introduce a conflict of interest against the client. Creating a situation where the less chemicals used in the pool, the more profit the company (our side) is making. It is a poison pill for contracting. And we are constantly replacing companies doing this to their clients in the commercial service field.
We can provide chemical supplies monthly through on an as needed and monthly billed option. This option gives you high quality sanitation results, reliable and accurate delivery by practice along with competitive pricing.

Small repairs are FREE. Consultation all year is FREE. Representation to local Inspectors is done FREE by our owner.

Please contact us with any questions once you have had an opportunity to review this letter. Thank you for your opportunity, we look forward to working with you.
Best Regards,

David Purser Owner
Five Star Pro Services LLC 407-970-9299

CM signature of approval 	Date: 	

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POOL SERVICE PROPOSAL FOR PRESTON COVE

3 x days a week pool service including chemicals	$1350 per month.

Please take into consideration when reviewing other quotes: Included in this price will be the supply and installation of a computer on your pool to add chemicals. The advantage of this is that the pool is being constantly monitored and any change in the chlorine level is corrected instantly by the computer, giving you and your residents safer water. Currently you just have a continuous feed of chlorine to the main pool and if lots of people are in the pool the chlorine pumps cannot maintain a steady level of
chemicals, only once everybody is out of the pool will the chemicals slowly return to the level, they have set the pumps at. The computer removes guesswork from what level to set the chemical pumps at, as you will not know how busy the pool will be from one day to the next by having the computer installed
this problem isn’t an issue any longer.
POOL CLEANING DUTIES
Test pool water on each visit and adjust Chlorine and PH levels if required.
Vacuum or net pool on each visit. Brush walls and floor as required.
Backwash filters to maintain flow required by the Florida Health Department
Report any faults in pool equipment to the engineering and once approved carry out repairs.
Clean tile as required.
Maintain computers.
Blow off pool deck.
Pick up trash within the pool area.

Thank you,

Simon McDonnell
Operations Manager

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Preston Cove
Community Development District
Check Register Summary

April 1, 2025 to April 30, 2025

General Fund	4/8/25	151-153	$	27,923.36	
	4/16/25	154-156	$	10,149.08	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/25	PAGE	1
*** CHECK DATES 04/01/2025 - 04/30/2025 ***	PRESTON COVE-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/08/25 00022	3/28/25 19437	202503 320-53800-47000	*	950.00
MAR LAKE MAINTENANCE
AQUATIC WEED MANAGEMENT, INC.	950.00 000151
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/25 00023	3/01/25 450286	202503 320-53800-46100	*	11,000.00
MAR LANDSCAPE MAINTENANCE
3/12/25 450312	202503 320-53800-46300	*	795.48
IRRIGATION REPAIRS
3/12/25 450313	202503 320-53800-46300	*	137.25
IRRIGATION REPAIRS
4/01/25 142000	202504 320-53800-46100	*	11,000.00
APR LANDSCAPE MAINTENANCE

FEE-SE22 FY25
2,357.03

IRRIGATION REPAIRS

BLADE RUNNERS COMMERCIAL	185.25 000154
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
60	202504 310-51300-34000	*	3,333.33
APR MANAGEMENT FEES
60	202504 310-51300-35200	*	105.00
APR WEBSITE ADMIN
60	202504 310-51300-35100	*	157.50
APR INFO TECH
60	202504 310-51300-31300	*	437.50
APR DISSEM AGENT SERVICES
60	202504 310-51300-51000	*	.09
OFFICE SUPPLIES
60	202504 310-51300-42000	*	52.88
POSTAGE
61	202504 320-53800-34100	*	1,312.50
APR FIELD MANAGEMENT
GOVERNMENTAL MANAGEMENT SERVICES	5,398.80 000155
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/25 00003	3/11/25 138027	202502 310-51300-31500	*	3,135.61
GENERAL SERVICES FEB25
4/11/25 139836	202503 310-51300-31500	*	1,388.92
GENERAL SERVICES MAR25
4/11/25 139837	202503 310-51300-31500	*	40.50
MAR CONTRACT LAWSUIT
LATHAM LUNA EDEN & BEAUDINE LLP	4,565.03 000156
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	38,072.44 PRCO PRESTON COVE	AMOSSING
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/25	PAGE	2
*** CHECK DATES 04/01/2025 - 04/30/2025 ***	PRESTON COVE-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	38,072.44

PRCO PRESTON COVE	AMOSSING

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Preston Cove
Community Development District

Unaudited Financial Reporting
April 30,2025

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund - Series 2022

	Capital Projects Fund - Series 2022

	Month to Month

	Assessment Receipt Schedule

	Long Term Debt Schedule

	Assessment Receipt Schedule
Preston Cove
Community Development District Combined Balance Sheet
April 30, 2025

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:					
Operating Account	$	501,418	$	-	$	-	$	501,418	
Due from Developer	$	-	$	-	$	-	$	-	
Due from Debt Service	$	-	$	-	$	-	$	-	
Assessment Receivable	$	-	$	-	$	-	$	-	
Due from General Fund	$	-	$	6,319	$	-	$	6,319	
Prepaid Expense	$	1,684	$	-	$	-	$	1,684	
Investments: Series
Reserve	$	-	$	670,238	$	-	$	670,238			
Revenue	$	-	$	611,791	$	-	$	611,791			
Capitalized Interest	$	-	$	15	$	-	$	15		
Sinking Fund	$	-	$	-	$	-	$	-		
Construction	$	-	$	-	$	41,825	$	41,825		
Cost of Issuance	$	-	$	-	$	-	$	-		
Total Assets	$	503,101	$	1,288,362	$	41,825	$	1,833,288		
Liabilities:					
Accounts Payable	$	-	$	-	$	-	$	-		
Due to Debt Service	$	6,319	$	-	$	-	$	6,319		
Due to Developer	$	-	$	-	$	-	$	-		
Due to Capital Projects	$	-	$	-	$	-	$	-		
Due to General Fund	$	-	$	-		$	-		
Developer Advance	$	-	$	-	$
$	-	$	-
-		
Total Liabilites	$	6,319	$	-	$	-	$	6,319		

Fund Balance:					
Assigned For:					
Debt Service - Series 2022	$	-	$	1,288,362	$	-	$	1,288,362		
Restricted For:					
Capital Projects - Series 2022	$	-	$	-	$	41,825	$	41,825		
Unassigned	$	496,783	$	-	$	-	$	496,783		
Total Fund Balances	$	496,783	$	1,288,362	$	41,825	$	1,826,970	
					
Total Liabilities & Fund Balance	$	503,101	$	1,288,362	$	41,825	$	1,833,288	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - On Roll	$	388,556	$	388,556	$	393,018	$	4,462	
Assessments - Direct	$	52,741	$	39,555	$	39,555	$	-	
Developer Contributions	$	244,692	$	-	$	-	$	-	
Total Revenues	$	685,989	$	428,111	$	432,573	$	4,462	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	-	$	7,000	
FICA Expense	$	918	$	536	$	-	$	536	
Engineering	$	15,000	$	8,750	$	-	$	8,750	
Attorney	$	25,000	$	14,583	$	10,766	$	3,818	
Annual Audit	$	4,100	$	2,392	$	-	$	2,392	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Arbitrage	$	450	$	450	$	450	$	-	
Dissemination	$	5,250	$	3,063	$	3,063	$	-	
Trustee Fees	$	4,500	$	4,500	$	4,041	$	459	
Management Fees	$	40,000	$	23,333	$	23,333	$	0	
Information Technology	$	1,890	$	1,103	$	1,103	$	-	
Website Maintenance	$	1,260	$	735	$	735	$	-	
Telephone	$	300	$	175	$	-	$	175	
Postage & Delivery	$	800	$	467	$	180	$	286	
Insurance	$	6,149	$	6,149	$	5,814	$	335	
Printing & Binding	$	700	$	408	$	-	$	408	
Legal Advertising	$	8,000	$	4,667	$	959	$	3,708	
Other Current Charges	$	2,200	$	1,283	$	492	$	791	
Office Supplies	$	500	$	292	$	0	$	291	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	134,757	$	85,625	$	56,676	$	28,949	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Operation and Maintenance						
Field Expenses						
Field Management		$	15,750	$	9,188	$	9,188	$	-	
Landscape Maintenance		$	150,000	$	87,500	$	83,341	$	4,160	
Landscape Contingency		$	5,000	$	2,917	$	2,915	$	2	
Lake Maintenance		$	15,062	$	8,786	$	5,950	$	2,836	
Streetlights		$	103,400	$	60,317	$	895	$	59,422	
Electric		$	5,000	$	2,917	$	-	$	2,917	
Water & Sewer		$	2,400	$	1,400	$	1,568	$	(168)	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	
Irrigation Repairs		$	3,000	$	1,750	$	4,398	$	(2,648)	
Irrigation - Usage		$	30,000	$	17,500	$	15,417	$	2,083	
General Repairs & Maintenance		$	20,000	$	11,667	$	-	$	11,667	
Contingency		$	10,000	$	5,833	$	-	$	5,833	
	Subtotal	$	359,612	$	209,774	$	123,670	$	86,104	

Amenity Expenses						
Staffing		$	75,000	$	43,750	$	-	$	43,750	
Property Insurance		$	20,000	$	20,000	$	-	$	20,000	
Amenity-Electric		$	15,000	$	8,750	$	-	$	8,750	
Amenity-Water		$	6,000	$	3,500	$	-	$	3,500	
Dues, License, Permits		$	500	$	292	$	-	$	292	
Cable/Internet		$	2,400	$	1,400	$	-	$	1,400	
Pest Control		$	720	$	420	$	-	$	420	
Janitorial Services		$	12,000	$	7,000	$	-	$	7,000	
Security Services		$	5,000	$	2,917	$	-	$	2,917	
Pool Maintenance		$	15,000	$	8,750	$	-	$	8,750	
Amenity Repairs & Maintenance		$	15,000	$	8,750	$	-	$	8,750	
Special Events		$	7,500	$	4,375	$	-	$	4,375	
Holiday Decorations		$	2,500	$	1,458	$	-	$	1,458	
Amenity Contingency		$	15,000	$	8,750	$	-	$	8,750	
	Subtotal	$	191,620	$	120,112	$	-	$	120,112	
						
Total O&M Expenses:		$	551,232	$	329,885	$	123,670	$	206,215	
						
Total Expenditures		$	685,989	$	415,510	$	180,346	$	235,164	
						
Excess Revenues (Expenditures)		$	-		$	252,227		
						
Fund Balance - Beginning		$	-		$	244,555		
						
Fund Balance - Ending		$	-		$	496,783		
Preston Cove
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Assessments - On Roll	$	381,859	$	378,773	$	378,773	$	-	
Assessments - Direct	$	288,379	$	202,085	$	202,085	$	-	
Interest	$	20,000	$	10,000	$	22,322	$	12,322	
Total Revenues	$	690,238	$	590,858	$603,180	$	12,322	

Expenditures:					
Interest Expense 11/1	$	221,556	$	221,556	$	221,556	$	-	
Principal Expense 5/1	$	230,000	$	-	$	-	$	-	
Interest Expense 5/1	$	221,556	$	-	$	-	$	-	
Total Expenditures	$	673,113	$	221,556	$	221,556	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(15,916)	$	(15,916)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(15,916)	$	(15,916)	
					
Excess Revenues (Expenditures)	$	17,125		$	365,708		
					
Fund Balance - Beginning	$	266,799		$	922,654		
					
Fund Balance - Ending	$	283,924		$	1,288,362		
Preston Cove
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:

Interest	

$	

-	$	

-	$	761	

$	761	
Total Revenues	$	-	$	-	$	761	$	761	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	15,916	$	15,916	
Total Other Financing Sources (Uses)	$	-	$	-	$	15,916	$	15,916	
					
Excess Revenues (Expenditures)	$	-	$	16,677		
					
Fund Balance - Beginning	$	-	$	25,148		
					
Fund Balance - Ending	$	-	$	41,825		
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		$	6,703	$	10,889	$	222,469	$	107,172	$	39,064	$	5,133	$	1,589	$	-	$	-	$	-	$	-  $	-	$	393,018	
Assessments-Direct		$	-	$	-	$	-	$	-	$	36,414	$	3,141	$	-	$	-	$	-	$	-	$	-  $	-	$	39,555	
Developer Contributions		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Total Revenues		$	6,703	$	10,889	$	222,469	$	107,172	$	75,478	$	8,274	$	1,589	$	-	$	-	$	-	$	-  $	-	$	432,573	

Expenditures:																							
General & Administrative:																							
Supervisor Fees		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
FICA Expense		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Engineering		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Attorney		$	3,157	$	1,484	$	583	$	977	$	3,136	$	1,429	$	-	$	-	$	-	$	-	$	-  $	-	$	10,766	
Annual Audit		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Assessment Administration		$	5,565	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	5,565	
Arbitrage		$	-	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-  $	-	$	450	
Dissemination		$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-	$	-	$	-	$	-  $	-	$	3,063	
Trustee Fees		$	1,684	$	-	$	-	$	-	$	-	$	2,357	$	-	$	-	$	-	$	-	$	-  $	-	$	4,041	
Management Fees		$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	-	$	-	$	-	$	-  $	-	$	23,333	
Information Technology		$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	-	$	-	$	-	$	-  $	-	$	1,103	
Website Maintenance		$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	-	$	-	$	-	$	-  $	-	$	735	
Telephone		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Postage & Delivery		$	10	$	1	$	31	$	22	$	-	$	64	$	53	$	-	$	-	$	-	$	-  $	-	$	180	
Insurance		$	5,814	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	5,814	
Printing & Binding		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Legal Advertising		$	209	$	-	$	-	$	-	$	-	$	750	$	-	$	-	$	-	$	-	$	-  $	-	$	959	
Other Current Charges		$	48	$	40	$	40	$	189	$	48	$	63	$	63	$	-	$	-	$	-	$	-  $	-	$	492	
Office Supplies		$	0	$	0	$	0	$	-	$	-	$	0	$	0	$	-	$	-	$	-	$	-  $	-	$	0	
Dues, Licenses & Subscriptions		$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	175	
Total General & Administrative:		$	20,695	$	5,558	$	4,687	$	5,221	$	7,217	$	9,148	$	4,150	$	-	$	-	$	-	$	-  $	-	$	56,676	

Operation and Maintenance																							
Field Expenses
Field Management		

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	-	

$	-	

$	-	

$	

-  $	-	

$	

9,188	
Landscape Maintenance		$	12,541	$	15,800	$	11,000	$	11,000	$	11,000	$	11,000	$	11,000	$	-	$	-	$	-	$	-  $	-	$	83,341	
Landscape Contingency		$	600	$	-	$	-	$	2,315	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	2,915	
Lake Maintenance		$	1,200	$	950	$	950	$	950	$	950	$	950	$	-	$	-	$	-	$	-	$	-  $	-	$	5,950	
Streetlights		$	-	$	-	$	288	$	128	$	145	$	173	$	161	$	-	$	-	$	-	$	-  $	-	$	895	
Electric		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Water & Sewer		$	-	$	320	$	188	$	192	$	220	$	188	$	461	$	-	$	-	$	-	$	-  $	-	$	1,568	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Irrigation Repairs		$	-	$	-	$	1,158	$	1,500	$	622	$	1,118	$	-	$	-	$	-	$	-	$	-  $	-	$	4,398	
Irrigation - Usage		$	824	$	2,153	$	1,674	$	5,651	$	1,967	$	1,692	$	1,455	$	-	$	-	$	-	$	-  $	-	$	15,417	
General Repairs & Maintenance		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Contingency		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
	Subtotal	$	16,477	$	20,535	$	16,570	$	23,048	$	16,216	$	16,433	$	14,390	$	-	$	-	$	-	$	-  $	-	$	123,670	
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:		$	16,477  $	20,535  $	16,570	$	23,048	$	16,216	$	16,433  $	14,390  $	-  $	-  $	-  $	-	$	-  $  123,670					
											
Total Expenditures		$	37,172  $	26,094  $	21,257	$	28,269	$	23,434	$	25,581  $	18,540  $	-  $	-  $	-  $	-	$	-  $  180,346					
											
Excess Revenues (Expenditures)		$	(30,469)  $	(15,205)  $	201,213	$	78,903	$	52,044	$	(17,306)  $	(16,951)  $	-  $	-  $	-  $	-	$	-  $  252,227					
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	
Bonds Outstanding - 02/28/22	$11,610,000	
Principal Payment - 5/1/23	($215,000)	
Principal Payment - 5/1/24	($220,000)	
Current Bonds Outstanding	$11,175,000	
Preston Cove
Community Development District Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessmen Net Assessments

$ 413,357.34  $
$ 388,555.90  $

406,232.34
381,858.40

$ 819,589.68
$ 770,414.30

50%	50%	100%
Date	Distribution	Gross Amount	Discount/Penalty	Commision	Interest	Net Receipts	General Fund	Debt Service	Total		

10/31/24	
ACH		
$	6,267.62	
$	-	
$	-	
$	435.19	
$	6,702.81	
$  6,702.81	
$	-	
$  6,702.81	
11/22/24	ACH		$	22,489.54	$	(899.60)	$	-	$	-	$	21,589.94	$ 10,888.81	$	10,701.13	$ 21,589.94	
12/11/24	ACH		$  447,220.99	$	(17,888.59)	$	-	$	-	$  429,332.40	$ 216,532.37	$	212,800.03	$ 429,332.40	
12/20/24	ACH		$	12,208.57	$	(436.92)	$	-	$	-	$	11,771.65	$  5,936.99	$	5,834.66	$ 11,771.65	
1/9/25	ACH		$  217,826.80	$	(6,534.44)	$	-	$	-	$  211,292.36	$ 106,564.60	$	104,727.76	$ 211,292.36	
1/28/25	ACH		$	607.14	$	-	$	-	$	-	$	607.14	$	607.14	$	-	$	607.14	
2/10/25	ACH		$	77,453.88	$	-	$	-	$	-	$	77,453.88	$ 39,063.61	$	38,390.27	$ 77,453.88	
3/11/25	ACH		$	10,385.80	$	(207.71)	$	-	$	-	$	10,178.09	$  5,133.29	$	5,044.80	$ 10,178.09	
4/9/25	ACH		$	2,622.68	$	-	$	(52.45)	$	-	$	2,570.23	$  1,296.29	$	1,273.94	$  2,570.23	
4/30/25	ACH		$	292.27	$	-	$	-	$	-	$	292.27	$	292.27	$	-	$	292.27	
							$	-	$	-	$	-	$	-	
		Total	$  797,375.29	$  (25,967.26)	$	(52.45)	$	435.19	$  765,087.96	$ 393,018.18	$	378,772.59	$ 771,790.77	

DIRECT BILL ASSESSMENTS

Starlight Homes
2025-02		
Net Assessments	
$  101,179.34	
$ 15,643.29	
$	85,536.05		
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	2022 Debt Service	
2/28/25	11/1/24	57897	$	50,589.67	$	50,589.67	$  7,821.65	$	42,768.03	
2/28/25	2/1/25	57897	$	25,294.84	$	25,294.84	$  3,910.82	$	21,384.01	
	5/1/25		$	25,294.84	$	-	$	-	$	-	
			$	101,179.35	$	75,884.51	$ 11,732.47	$	64,152.04	

DIRECT BILL ASSESSMENTS

Elevation Preston Cove, LLC
2025-01		
Net Assessments	
$  239,939.59	
$ 37,096.96	
$	202,842.64		
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	2022 Debt Service	
2/28/25	11/1/24	ACH	$	18,548.48	$	18,548.48	$ 18,548.48	$	-	
2/28/25	2/1/25	ACH	$	9,274.24	$	9,274.24	$  9,274.24	$	-	
3/4/25	3/1/25	ACH	$	137,933.00	$  137,933.00	$	-	$	137,933.00	
5/2/25	5/1/25	107484	$	9,274.24	$	9,274.24	$  9,274.24	$	-	
	9/1/25		$	64,909.64	$	-	$	-	$	-	
			$	239,939.60	$  175,029.96	$ 37,096.96	$	137,933.00	

!!"#$%& """
MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 21, 2025

Ms. Syanne Hall Recording Secretary
Preston Cove Community Development District 219 E. Livingston St.
Orlando, FL 32801

RE:	Preston Cove Community Development District - Registered Voters Dear Ms. Hall:
Thank you for your letter requesting confirmation of the number of registered voters within
the Preston Cove Community Development District as of April 15, 2025.
The number of registered voters within the Preston Cove COD is 71 as of April 15, 2025. If I can be of further assistance, please contact me at 407.742.6000.
Respectfully yours,
?·?/;-
Mary Jane Arrington
Supervisor of Elections

2509 East Irlo Bronson Memorial Highway • Kissimmee, FL 34 744 407.742.6000 • Fax: 407.742.6001 • www.voteosceola.com

!!"#$%& "#
LANDOWNER PROXY LANDOWNERS MEETING – November 14, 2025
Preston Cove Community Development District Osceola County, Florida
NOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder

for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Preston Cove Community Development District to be held on November 14, 2025 at 10:00 AM at the Office of Hanson, Walter & Associates, Inc., 8 Broadway, Suite 104, Kissimmee, Florida 34741, and at any continuances or adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Printed Name of Landowner
(or, if applicable, unauthorized representative of Landowner)

Signature of Landowner or Landowner Representative	Date

Parcel Description	Acreage	Authorized Votes*

[Legal Description on Following Pages]

Total Number of Authorized Votes:

*Pursuant to section 190.006(2)(b), Florida Statutes (2008), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

Please note that a particular real property is entitled to only one vote for each eligible acre of land or fraction thereof; two (2) or more persons who own real property in common that is one acre or less are together entitled to one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.) If more than one parcel, each must be listed or described.
INSTRUCTIONS

At the Board meeting, when the landowner’s election is announced, instructions on how landowners may participate in the election, along with a sample proxy, shall be provided.

At a landowners meeting, landowners shall organize by electing a chair who shall conduct the meeting. The chair may be any person present at the meeting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions.

Nominations are made from the floor.

After all nominations are made, a ballot is distributed and votes are cast

Each landowner is entitled to one vote for each acre he owns or portion of an acre.

SAMPLE AGENDA

Determination of Number of Voting Units Represented

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Nominations for the Position of Supervisor

Casting of Ballots

Ballot Tabulation

Landowners Questions and Comments

Adjournment

!!"#$%& "
Preston Cove CDD
Field Management Report

May 22nd, 2025 Ashley Hilyard Field Manager GMS

Preston Cove CDD Field Management Report | GMS 2025

Pool Vendor Review

Resort Pool Services

Preston Cove CDD Field Management Report |
Pool Vendor Review

Five Star Pro Services

Preston Cove CDD Field Management Report | GMS 2025

Preston Cove CDD Field Management Report | GMS 2025