Preston Cove Community Development District

Meeting Agenda December 17, 2025

Preston Cove
Community Development District

December 10, 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, December 17, 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
Administration of Oath of Office to Newly Elected Supervisors
Consideration of Resolution 2026-01 Canvassing and Certifying the Results of the
Landowners’ Election
Election of Officers
Consideration of Resolution 2026-02 Electing Officers
Approval of Minutes of the September 25, 2025 Board of Supervisors Meeting and
Acceptance of Minutes of the November 14, 2025 Landowners’ Meeting
Ratification of Fencing Services Agreement with All-Rite Fence Services, LLC
Staff Reports
Attorney
Engineer
District Manager’s Report
Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Consideration of Proposal for Clubhouse Landscaping Enhancement from Blade Runners
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 2026-01
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 14, 2025, 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 1	Votes 	
Seat 2	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 17th day of December, 2025.

ATTEST:
PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

	
Secretary/Assistant Secretary	Chairperson, Board of Supervisors

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RESOLUTION 2026-02
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 17th day of December, 2025.

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, September 25, 2025, at 9:00 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Shaman Foradi	Chairman
Owais Khanani	Vice Chairman
Maria “MJ” Sanchez	Assistant Secretary
Jawaad Khanani	Appointed as Assistant Secretary Also present were:
Jeremy LeBrun	District Manager, GMS
Jay Lazarovich	District Counsel, Latham Luna
Pete Glasscock	District Engineer
Jarett Wright	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. LeBrun called the meeting to order at 9:00 a.m. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill Board Vacancy in Seat #3 with a Term Ending November 2027
Mr. LeBrun asked if there were any nominations to fill Seat #3. Mr. Owais Khanani made a motion to appoint Jawaad Khanani to seat #3.

Administration of Oath of Office to Newly Appointed Board Member
Mr. LeBrun administered the oath of office to Jawaad Khanani.
*Mr. Owais Khanani left the meeting at this time.

Consideration of Resolution 2025-04 Electing Assistant Secretary
Mr. LeBrun stated this will elect Jawaad Khanani as an Assistant Secretary and allow the Board to make any changes to the current officers.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the June 26, 2025
Board of Supervisors Meeting
Mr. LeBrun presented the minutes of the June 26, 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	2025-07
Ratifying the Actions of the District Manager and Chairman in Resetting and Noticing the Public Hearing
Mr. Lazarovich presented Resolution 2025-07 to the Board and stated the public hearing was previously set for July 24, 2025 and subsequently August 28, 2025, however it had to be rescheduled to September 25, 2025, due to lack of quorum. He added this will ratify the actions taken by the District Manager and the Chair in resetting those.

SIXTH ORDER OF BUSINESS	Public Hearing
Mr. LeBrun asked for a motion to open the public hearing.

Consideration of Resolution 2025-08 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations
Mr. LeBrun presented Resolution 2025-08 to the Board on page 21 of the agenda package. He stated the Revenues are on page 23 of the package that also shows the developer contribution. He added the General Administrative costs are the costs of the District and are similar to the current year’s numbers. He continued onto page 24 with the Maintenance Budget. He noted these are field expenditures and are taken from the actuals of the current year. He added they will slowly start to see the amenity numbers as they have just opened their Amenity Center. He stated there is no increase in assessments for this fiscal year. He noted the explanations for each line item are on page 25 of the agenda package.

Consideration of Resolution 2025-09 Imposing Special Assessments and Certifying an Assessment Roll
Mr. LeBrun presented Resolution 2025-09 to the Board and stated this resolution will fund the budget the Board just adopted.

Mr. LeBrun asked for a motion to close the public hearing.

SEVENTH ORDER OF BUSINESS	Consideration of Fiscal Year 2026 Deficit
Funding	Agreement	with	Elevation Preston Cove LLC
Mr. Lebrun presented the FY26 Deficit Funding Agreement with Elevation Preston Cove LLC. He stated the Developer Contribution line in the budget is only if the deficit of the assessments does not cover the full amount of the budget and this agreement will allow Elevation Preston Cove LLC to cover the costs. He noted they do not predict needing the Developer Contribution.

EIGHTH ORDER OF BUSINESS	Consideration	of	Auditing	Services
Agreement with Grau & Associates for Fiscal Year 2025
Mr. Lebrun presented the Auditing Services Agreement with Grau & Associates and stated this will allow them to perform the FY 2025 audit.

NINTH ORDER OF BUSINESS	Ratification	of	Utility	Easement
Agreement with OUC
Mr. Lazarovich stated they can take item 9 and 10 together.

TENTH ORDER OF BUSINESS	Ratification of Temporary Construction
Easement	Agreement	with	Clayton Properties Group, Inc.

Mr. Lazarovich presented items 9 and 10 to the Board. He stated they had received an agreement from Clayton Properties, who is an adjacent company of OUC, to help with the utility construction. He noted these have already been executed and they need a motion to ratify.

ELEVENTH ORDER OF BUSINESS	District Goals and Objectives
Adoption of Fiscal Year 2026 Goals and Objectives
Mr. Lebrun stated the state requires Special Districts to adopt a set of goals and objectives each year. He noted the FY26 goals and objectives are identical to the ones they have currently, and all align with the state statute.

Presentation of Fiscal Year 2025 Goals and Objectives and Authorizing Chair to Execute
Mr. Lebrun stated this item will allow the Chair to execute the goals and objectives when the fiscal year is done.

TWELFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich stated they received a request from the developer’s counsel to go forward
with a few properties. He added they will bring the resolutions to the Board when they are ready.

Engineer
There being no comments, the next item followed.

District Manager’s Report
Check Register
Mr. LeBrun presented the check register for the month of August totaling $20,683.29 and offered to answer any Board questions. There being no questions, there was a motion of approval.

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

Approval of Fiscal Year 2026 Meeting Dates
Mr. LeBrun presented the FY26 Meeting Dates to the Board. He noted there are a few exceptions to the schedule, one being a Landowner’s meeting on November 14, 2025 and the meeting in December was moved up a week, due to it falling on a holiday. He stated they currently hold the meetings at 9:00 a.m. and asked the Board if they would like to move the time of the meeting. The Board decided to keep the meetings at 9:00 a.m.

Field Manager’s Report
Mr. Wright presented the Field Manager’s Report. He stated both ponds were bushhogged and maintained and they will be performing this task on a regular basis, starting now. He noted they will have to adjust the contract when Phase 3 is ready to be maintained, because it was not in the original contract. He stated they were starting to see issues with draining in the community and noted both playgrounds are holding water for long amounts of time. He added when this happens in other communities, they have to take the mulch out and add French drains under the mulch. Tract 27 has also become a problem and Mr. Wright learned Crossings was supposed to add in a drainage system, but it never happened. Because of this, the engineer is working to get the drains installed.

Mr. Wright stated they have all permitting for the pool ready, however they are still working on fencing to go around the pool pumps. He added he has not heard a recent update on the installation of the ADA Chair in the pool but will get one as soon as possible.

Consideration of Proposal for Access System Installation from Current Demands
Mr. Wright presented the proposal from Current Demands to install an access system. He stated this will replace the old system with a much more user-friendly system that will make it easier for the residents and the District.

THIRTEENTH ORDER OF BUSINESS	Other Business
Mr. Wright stated because of the construction at the main entrance sign, there were plants that were damaged, and they are working on fixing the plants. He added because they changed the plant-bed size, he would like to do a full re-style and will be bringing proposals back for the Board. He noted because the beds are small, it will be inexpensive.

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

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The Landowners’ meeting of the Board of Supervisors of the Preston Cove Community Development District was held Friday, November 14, 2025 at 10:00 a.m. at the Offices of Hanson, Walter & Associates, Inc. 8 Broadway, Suite 104, Kissimmee, Florida.

Present were:

Jeremy LeBrun

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. LeBrun noted that she had been provided a landowner proxy from Elevation Preston Cove, LLC signed naming Jeremy LeBrun as the proxy holder representing 106 total votes.

SECOND ORDER OF BUSINESS	Call to Order
Mr. LeBrun called the meeting to order.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purpose of
Conducting Landowners’ Meeting
Mr. LeBrun asked those present if there were any objections to electing him as the Chairman for the purpose of conducting the Landowners’ meeting. There were no objections, and Mr. LeBrun was elected as the Chairman.

FOURTH ORDER OF BUSINESS	Nominations	for	the	Positions	of
Supervisors
Mr. LeBrun nominated Owais Khanani to seat 1, Paul Roth to seat 2, and Loubna Kaboune to seat 5.
November 14, 2025	Preston Cove CDD

FIFTH ORDER OF BUSINESS	Casting of Ballots
Mr. LeBrun cast 100 votes for Owais Khanani, 100 votes for Paul Roth, and 99 votes for Loubna Kaboune.

SIXTH ORDER OF BUSINESS	Tabulation of Ballots and Announcement
of Results
Mr. LeBrun noted that Mr. Khanani and Mr. Roth will serve four-year terms and Ms.
Kaboune will serve a two-year term.

SEVENTH ORDER OF BUSINESS	Landowners’ Questions and Comments
Mr. LeBrun asked for any questions at this time. Hearing no questions or comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun adjourned the meeting at 10:03 a.m.

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FENCING SERVICES AGREEMENT
(Preston Cove Community Development District)
THIS FENCING SERVICES AGREEMENT (“Agreement”) is made and enter into effective as of the 30th day of  October  , 2025 (the “Effective Date”), between the PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a local unit of special purpose government created under Chapter 190, Florida Statutes, whose mailing address is c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 and ALL-RITE FENCE SERVICES, LLC, a Florida profit corporation (“Contractor”), whose mailing address is 5115 OLD WINTER GARDEN RD ORLANDO, FL 32811.

W I T N E S S E T H:

Subject to and upon the terms and conditions of this Agreement and in consideration of the mutual promises set forth herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the District and Contractor agree as follows:

DEFINITIONS.

Agreement. The Agreement consists of (i) this Fencing Services Agreement; and (ii) the Contractor’s October 14, 2025, proposal which is incorporated by reference into this Agreement and attached hereto as Exhibit “A” (the “Proposal”). The Agreement represents the entire and integrated Agreement between the parties hereto and supersedes all prior negotiations, representation, or agreements, either written or oral. The Agreement may be amended or modified only as set forth below in Article 14. In the event of any conflict between the terms herein and term(s) in the Proposal, the terms herein shall prevail.

Services. The term “Services” or “Work” as used in this Agreement shall be construed to include all work set forth in the Proposal and all obligations of the Contractor under this Agreement, including any addenda or special conditions. In the event of any conflict between the terms of the Proposal with the terms of this Agreement, the terms of this Agreement shall prevail.

SCOPE OF WORK. A description of the nature, scope, location and schedule of the Services to be performed by Contractor under this Agreement shall be as pursuant to the Proposal attached hereto as Exhibit “A” and incorporated herein. The area to be included under this Agreement may be amended by the mutual consent of the District and the Contractor.

COMMENCEMENT OF SERVICES AND TERM. Contractor shall commence the Services on the Effective Date and shall perform the same in accordance with the terms herein. The term of this Agreement shall continue for three (3) months from the Effective Date. Contractor shall assure that a permit is obtained before any Services are started.
DISTRICT MANAGER.

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

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

COMPENSATION AND PAYMENTS.

The District agrees to pay the Contractor $3,925.00 for the Work, pursuant to the Proposal.

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

After all of the Work is completed, the District shall have the right to inspect and/or review the Work to accept or deny the sufficiency of the Work before a payment is required to be made by the District to the Contractor.
REPRESENTATATIONS, WARRANTIES AND COVENANTS.
Contractor hereby represents to District that: (i) it has the experience, qualifications and skill to perform the Services as set forth in this Agreement; (ii) it is duly licensed and permitted to observe and perform the terms, covenants, conditions and other provisions on its part to be observed or performed under this Agreement; (iii) it has the necessary employees, training, equipment, materials and inventory required to perform the Services as set forth in this Agreement; (iv) it has, by careful examination, satisfied itself as to: (a) the nature, location and character of the Services which are to be performed; and (b) all other matters or things which could in any manner affect the performance of the Services.

The contract warrants to the District that all employees shall be properly trained prior to performing any services to the District.

EMPLOYEES; INDEPENDENT CONTRACTOR STATUS.

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

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

COMPLIANCE WITH LAWS, REGULATIONS, RULES AND POLICIES.

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

Contractor hereby covenants and agrees to comply with all of the rules, ordinances and regulations of governmental authorities wherein the District’s facilities are located, as said rules, etc. may specifically relate to Contractor or its Services provided hereunder, at Contractor’s sole cost and expense, and Contractor will take such action as may be necessary to comply with any and all notices, orders or other requirements affecting the Services described herein as may be issued by any governmental agency having jurisdiction over Contractor, unless specifically instructed by the District that it intends to contest such orders or requirements and that Contractor shall not comply with the same. Contractor shall provide immediate notice to the District of any such orders or requirements upon receipt of same.

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

“Public Records Law,” the Community Development Districts Law, and all other statutes and regulations applicable to Contractor.

WORKPLACE ENVIRONMENT AND PUBLIC SAFETY.

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

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

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

PUBLIC RECORDS AND OWNERSHIP OF BOOKS AND RECORDS.

Contractor understands and agrees that all documents of any kind relating to this Agreement may be public records and, accordingly, Contractor agrees to comply with all applicable provisions of Florida public records law, including but not limited to the provisions of Chapter 119, Florida Statutes. Contractor acknowledges and agrees that the public records custodian of the District is the District Manager, which is currently Governmental Management Services - Central Florida, LLC (the “Public Records Custodian”). Contractor shall, to the extent applicable by law:

services;
Keep and maintain public records required by District to perform

Upon request by District, provide District with the requested public
records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes;

Ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law

for the duration of the Agreement term and following the Agreement term if the Contractor does not transfer the records to the Public Records Custodian of the District; and

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

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

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

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

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

Workers' compensation insurance as required by applicable law (or employer's liability insurance with respect to any employee not covered by workers' compensation) with minimum limits of $1,000,000 per occurrence;

Employers liability, with a minimum coverage level of $1,000,000;
and

Umbrella excess liability coverage in an amount of $1,000,000
combined single limit.

All such insurance required in Paragraph 11(a) shall be with companies and on forms acceptable to District and shall provide that the coverage thereunder may not be reduced

or canceled unless thirty (30) days prior written notice thereof is furnished to District; the insurance required under paragraph 11(a)(i) shall name the District as an additional insured. Certificates of insurance (and copies of all policies, if required by the District) shall be furnished to the District. In the event of any cancellation or reduction of coverage, Contractor shall obtain substitute coverage as required under this Agreement, without any lapse of coverage to District whatsoever.

SOVEREIGN IMMUNITY. Nothing contained herein, or in the Agreement, or in the Terms and Conditions, shall cause or be construed as a waiver of the District’s immunity or limitations on liability granted pursuant to section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

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

MODIFICATIONS, ADDITIONS OR DELETIONS TO THE SERVICES.

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

The District may, from time to time, without affecting the validity of the Agreement, or any term or condition thereof, issue Work Authorizations which may identify additional or revised Scope of Services, or other written instructions and orders, which shall be governed by the provisions of the Agreement. The Contractor shall comply with all such orders and instructions issued by the District. Upon receipt of any Work Authorization, the Contractor shall promptly proceed with the work, and the resultant decrease or increase in the amount to be paid the Contractor, if any, shall be governed by the provisions of Article 5 in this Agreement.

PROTECTION OF PERSONS AND PROPERTY; MONITORING.

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

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

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

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

SUSPENSION OR TERMINATION.

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

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

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

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

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

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

COMPLIANCE WITH E-VERIFY SYSTEM

The Contractor shall comply with and perform all applicable provisions and requirements of Section 448.095, Florida Statutes and Section 448.09(1), Florida Statutes. Accordingly, beginning on the Effective Date, to the extent required by Section 448.095, Florida Statutes, the Contractor shall enroll with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.091, Florida Statutes.

If the Contractor anticipates entering into agreements with a subcontractor for the work, Contractor will not enter into the subcontractor agreement without first receiving an affidavit from the subcontractor regarding compliance with Section 448.095, Florida Statutes, and stating that the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of such affidavit for the duration of the agreement and provide a copy to the District upon request. In the event that the District has a good faith belief that a subcontractor has knowingly violated Section 448.095, Florida Statutes, but the Contractor has otherwise complied with its obligations hereunder, the District shall promptly notify the Contractor. The Contractor agrees to immediately terminate the agreement with the subcontractor upon notice from the District. Further, absent such notification from the District, the Contractor or any subcontractor who has a good faith belief that a person or entity with which it is contracting has knowingly violated Section 448.09(1), Florida Statutes, shall promptly terminate its agreement with such person or entity.

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

NOTICE.

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

If to District:	Preston Cove Community Development District
c/o Governmental Management Services–Central Florida, LLC 219 E. Livingston Street
Orlando, Florida 32801
Attention: Jeremy LeBrun, District Manager Telephone: (407) 841-5524

Copy to:	Latham, Luna, Eden & Beaudine, LLP 201 South Orange Ave., Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, District Counsel Telephone: (407) 481-5800

If to Contractor:	All-Rite Fence Services, LL,
5515 Old Winter Garden Rd, Orlando, Florida 32811 Attention: Mike Schepper Telephone: (407) 295-7093

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

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

GOVERNING LAW AND JURISDICTION. This Agreement shall be interpreted and enforced under the laws of the State of Florida. The parties will comply with the terms of the Agreement only to the extent they are enforceable or permitted under Florida law. Any litigation arising under this Agreement shall occur in a court having jurisdiction in Osceola County, Florida.

THE PARTIES WAIVE TRIAL BY JURY AND AGREE TO SUBMIT TO PERSONAL JURISDICTION AND VENUE IN OSCEOLA COUNTY, FLORIDA.

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

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

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

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

ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm’s length transaction. In addition to the representations and warranties contained herein, the Contractor acknowledges that prior to the execution of the Agreement it has thoroughly reviewed and inspected the Agreement documents, and satisfied itself regarding any error, inconsistency, discrepancy, ambiguity, omission, insufficiency of detail or explanation. Contractor further acknowledges that the parties have participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Parties are deemed to have drafted, chosen and selected the language, and doubtful language will not be interpreted or construed against any Party.

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

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

SIGNATURE PAGE TO
FENCING AGREEMENT

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

DISTRICT:

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT, a Florida
community development district

By:	
Name:
Owais Khanani

Chairman/Vice-Chair, Board of Supervisors

CONTRACTOR:

ALL-RITE FENCE SERVICES, LLC, a
Florida profit corporation

By:			  Print: 	David Glidewell	 Title:  President			

EXHIBIT “A”

Proposal

AFFIDAVIT OF COMPLIA  CE WITH A  TI-HUMA	TRAFFICKING LAWS

STATE OF -F-lor-ida	

COUNTY OF  Orange

In accordance with Section 787.06(13), Florida Statutes, the undersigned on behalfof. CSS Clean Star Services of Central Florida, Inc., a Florida profit corporation (the ··Contractor''), hereby attests under penalty of perjury that, the Contractor to the best of my knowledge and reasonable belief, does not use coercion for labor or services as defined in Section 787.06, Florida Statutes, entitled "Human Trafficking.'·

The undersigned is authorized to execute this affidavit on behalf of the Contractor. Date: 	O_c_t_ob_e_r_3_0  	., 2025
ALL-RITE FENCE SERVICES, LLC, a
Florida profit corporation

Signed:?	 ame: David Glidewell
Title: President

SUBSCRIBED AND SWORN TO before me by means of 0 notarization,	this	30th	day	of	October	2025, President		of ALL-RITE FENCE SERVICES, LLC.
physical presence or □ online by   David Glidewell	as Said person is (check one) 0
personally known to me or O has produced a valid driver's license as identification.

Preston Cove Community Development District
S?rvrccs i\grccmcru All-Rite Fence crvices. LLC. (2025)

!!"#$%& 6

!!"#$%& "

!!"#$%& I
Preston Cove
Community Development District
Check Register Summary

November 1, 2025 to November 30, 2025

Bank	Date	Check No.'s		Amount		

General Fund
11/6/25	

198-202	

$		

13,500.00	
11/26/25	203-206	$		22,887.64	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/06/25 00022 10/30/25 20568	202510 320-53800-47000	*	950.00
OCT LAKE MAINTENANCE
AQUATIC WEED MANAGEMENT, INC.	950.00 000198
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/06/25 00023 11/01/25 178320	202511 320-53800-46100	*	11,000.00
NOV LANDSCAPE MAINTENANCE
BLADE RUNNERS COMMERCIAL	11,000.00 000199
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/06/25 00027 10/21/25 16302	202510 330-53800-46000	*	50.00
OCT 25 JANITORIAL
CSS CLEAN STAR SERVICES OF CFL INC.	50.00 000200
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/06/25 00004 10/21/25 5294977	202509 310-51300-31100	*	150.00
ENGINEER SVCS THRU SEP25
HANSON WALTER & ASSOCIATES INC	150.00 000201
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/06/25 00026 11/01/25 26730	202511 330-53800-48000	*	1,350.00
NOV25 POOL SERVICE
RESORT POOL SERVICES	1,350.00 000202
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/26/25 00022 11/25/25 20737	202511 320-53800-47000	*	950.00
NOV LAKE MAINTENANCE
AQUATIC WEED MANAGEMENT, INC.	950.00 000203
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/26/25 00023 11/20/25 180917	202511 320-53800-46200	*	2,766.04
PROPERTY IMPROVEMENTS
11/20/25 180923	202511 320-53800-46200	*	2,766.04
PROPERTY IMPROVEMENTS
11/20/25 180927	202511 320-53800-46200	*	3,855.76
PROPERTY IMPROVEMENTS
11/20/25 180929	202511 320-53800-46200	*	4,600.85
PROPERTY IMPROVEMENTS

OFFICE SUPPLIES
PRCO PRESTON COVE	AMOSSING
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

CONVEYANCES/REQUISITIONS

LATHAM LUNA EDEN & BEAUDINE LLP	2,157.00 000206
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	36,387.64
TOTAL FOR REGISTER	36,387.64

PRCO PRESTON COVE	AMOSSING

!!"#$%& II

Preston Cove
Community Development District

Unaudited Financial Reporting
November 30, 2025
Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund - Series 2022

	Capital Projects Fund - Series 2022

	Month to Month

	Long Term Debt Schedule

	Assessment Receipt Schedule
Combined Balance Sheet November 30, 2025

Assets:
Operating Account Due from Developer Due from Debt Service INV - SBA
Assessment Receivable Due from General Fund Prepaid Expense
Investments: Series

$	44,637
$	-
$	-
$	256,806
$	-
$	-
$	-
Reserve	$	-	$	670,238	$	-	$	670,238			
Revenue	$	-	$	46,780	$	-	$	46,780			
Capitalized Interest	$	-	$	15	$	-	$	15		
Sinking Fund	$	-	$	-	$	-	$	-		
Construction	$	-	$	-	$	57,560	$	57,560		
Cost of Issuance	$	-	$	-	$	-	$	-		
Total Assets	$	301,443	$	730,485	$	57,560	$	1,089,489		
Liabilities:					
Accounts Payable	$	-	$	-	$	-	$	-		
Due to Debt Service	$	13,453	$	-	$	-	$	13,453		
Due to Developer	$	-	$	-	$	-	$	-		
Due to Capital Projects	$	-	$	-	$	-	$	-		
Due to General Fund	$	-	$	-		$	-		
Developer Advance	$	-	$	-	$
$	-	$	-
-		
Total Liabilites	$	13,453	$	-	$	-	$	13,453		

Fund Balance:					
Assigned For:					
Debt Service - Series 2022	$	-	$	730,485	$	-	$	730,485		
Restricted For:					
Capital Projects - Series 2022	$	-	$	-	$	57,560	$	57,560	
Unassigned	$	287,991	$	-	$	-	$	287,991	
Total Fund Balances	$	287,991	$	730,485	$	57,560	$	1,076,036	
					
Total Liabilities & Fund Balance	$	301,443	$	730,485	$	57,560	$	1,089,489	

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/25	Thru 11/30/25	Variance	

Revenues:						
Assessments - On Roll	$	388,556	$	18,801	$	18,801	$	-	
Assessments - Direct	$	53,573	$	-	$	-	$	-	
Interest - SBA	$	-	$	-	$	1,842	$	1,842	
Developer Contributions	$	243,860	$	-	$	-	$	-	
Total Revenues	$	685,989	$	18,801	$	20,643	$	1,842	

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	$	2,157	$	2,010	
Annual Audit	$	4,300	$	4,300	$	-	$	4,300	
Assessment Administration	$	5,732	$	5,732	$	5,732	$	-	
Arbitrage	$	450	$	450	$	-	$	450	
Dissemination	$	5,408	$	901	$	901	$	(0)	
Trustee Fees	$	4,500	$	4,500	$	1,684	$	2,816	
Management Fees	$	41,200	$	6,867	$	6,867	$	0	
Information Technology	$	1,947	$	324	$	325	$	(0)	
Website Maintenance	$	1,298	$	216	$	216	$	(0)	
Telephone	$	300	$	50	$	-	$	50	
Postage & Delivery	$	800	$	133	$	12	$	121	
Insurance	$	6,456	$	6,456	$	6,163	$	293	
Printing & Binding	$	700	$	117	$	-	$	117	
Legal Advertising	$	8,000	$	1,333	$	476	$	858	
Other Current Charges	$	2,200	$	367	$	112	$	255	
Office Supplies	$	500	$	83	$	0	$	83	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	136,883	$	40,825	$	24,820	$	16,006	

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/25	Thru 11/30/25	Variance	

Operation and Maintenance						
Field Expenses						
Field Management		$	16,223	$	2,704	$	2,704	$	(0)	
Landscape Maintenance		$	140,000	$	23,333	$	22,000	$	1,333	
Landscape Contingency		$	16,590	$	2,765	$	13,989	$	(11,224)	
Lake Maintenance		$	13,000	$	2,167	$	1,900	$	267	
Streetlights		$	93,900	$	15,650	$	131	$	15,519	
Electric		$	5,000	$	833	$	-	$	833	
Water & Sewer		$	3,000	$	500	$	512	$	(12)	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	
Irrigation Repairs		$	6,000	$	1,000	$	-	$	1,000	
Irrigation - Usage		$	30,000	$	5,000	$	7,411	$	(2,411)	
General Repairs & Maintenance		$	20,000	$	3,333	$	-	$	3,333	
Contingency		$	6,273	$	1,046	$	-	$	1,046	
	Subtotal	$	349,986	$	58,331	$	48,646	$	9,685	

Amenity Expenses						
Staffing		$	75,000	$	12,500	$	-	$	12,500	
Property Insurance		$	20,000	$	20,000	$	6,930	$	13,070	
Amenity-Electric		$	15,000	$	2,500	$	-	$	2,500	
Amenity-Water		$	6,000	$	1,000	$	329	$	671	
Dues, License, Permits		$	500	$	83	$	-	$	83	
Cable/Internet		$	2,400	$	400	$	-	$	400	
Pest Control		$	720	$	120	$	-	$	120	
Janitorial Services		$	12,000	$	2,000	$	50	$	1,950	
Security Services		$	5,000	$	833	$	6,101	$	(5,268)	
Pool Maintenance		$	20,000	$	3,333	$	2,700	$	633	
Amenity Repairs & Maintenance		$	15,000	$	2,500	$	-	$	2,500	
Special Events		$	7,500	$	1,250	$	-	$	1,250	
Holiday Decorations		$	10,000	$	1,667	$	-	$	1,667	
Amenity Contingency		$	10,000	$	1,667	$	-	$	1,667	
	Subtotal	$	199,120	$	49,853	$	16,110	$	33,744	
						
Total O&M Expenses:		$	549,106	$	108,184	$	64,756	$	43,429	
						
Total Expenditures		$	685,989	$	149,009	$	89,575	$	59,434	
						
Excess Revenues (Expenditures)		$	(0)		$	(68,932)		
						
Fund Balance - Beginning		$	-		$	356,923		
						
Fund Balance - Ending		$	(0)		$	287,991		
Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/25	Thru 11/30/25	Variance	

Revenues:					
Assessments - On Roll	$	670,238	$	13,453	$	13,453	$	-	
Assessments - Direct	$	-	$	-	$	-	$	-	
Interest	$	15,000	$	1,250	$	5,685	$	4,435	
Total Revenues	$	685,238	$	14,703	$19,138	$	4,435	

Expenditures:					
Interest Expense 11/1	$	217,819	$	217,819	$	217,819	$	-	
Principal Expense 5/1	$	235,000	$	-	$	-	$	-	
Interest Expense 5/1	$	217,819	$	-	$	-	$	-	
Total Expenditures	$	670,639	$	217,819	$	217,819	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(4,081)	$	(4,081)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(4,081)	$	(4,081)	
					
Excess Revenues (Expenditures)	$	14,599		$	(202,762)		
					
Fund Balance - Beginning	$	266,799		$	933,247		
					
Fund Balance - Ending	$	281,398		$	730,485		
Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 11/30/25	Thru 11/30/25	Variance	

Revenues:

Interest	

$	

-	$	

-	$	330	

$	330	
Total Revenues	$	-	$	-	$	330	$	330	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

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

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	4,081	$	4,081	
Total Other Financing Sources (Uses)	$	-	$	-	$	4,081	$	4,081	
					
Excess Revenues (Expenditures)	$	-	$	4,411		
					
Fund Balance - Beginning	$	-	$	53,149		
					
Fund Balance - Ending	$	-	$	57,560		

		Oct		Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Revenues:					
Assessments-On Roll Assessments-Direct Interest - SBA
Developer Contributions	$
$
$
$		-
- 970
-	$	18,801  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,801
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	872  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,842
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Revenues	$		970	$	19,673  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	20,643	

Expenditures:					
General & Administrative:					

Supervisor Fees FICA Expense Engineering Attorney
Annual Audit
Assessment Administration Arbitrage
Dissemination		
$	-
$	-
$	-
$	2,157
$	-
$	5,732
$	-
$	451	
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	451	
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,157
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,732
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	901	
Trustee Fees		$	1,684	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,684	
Management Fees		$	3,433	$	3,433	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,867	
Information Technology		$	162	$	162	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	325	
Website Maintenance Telephone
Postage & Delivery		$	108
$	-
$	6	$	108
$	-
$	6	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	216
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	12	
Insurance
Printing & Binding Legal Advertising		$	6,163
$	-
$	196	$	-
$	-
$	279	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,163
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	476	
Other Current Charges		$	48	$	64	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	112	
Office Supplies		$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	0	
Dues, Licenses & Subscriptions		$	-	$	175	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:		$	20,141	$	4,679	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	24,820	

Operation and Maintenance					
Field Expenses
Field Management		

$	1,352	

$	1,352	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,704	
Landscape Maintenance		$	11,000	$	11,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	22,000	
Landscape Contingency		$	-	$	13,989	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,989	
Lake Maintenance		$	950	$	950	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,900	
Streetlights Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
Irrigation - Usage
General Repairs & Maintenance Contingency		$	131
$	-
$	226
$	-
$	-
$	3,278
$	-
$	-	$	-
$	-
$	286
$	-
$	-
$	4,133
$	-
$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	131
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	512
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,411
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-
$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
	Subtotal	$	16,937	$	31,709	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	48,646	

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

$	-  $
$	6,930  $
$	-  $
$	159  $
$	-  $
$	-  $
$	-  $
$	50  $
$	6,101  $
$	1,350  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
-  $
-  $
169  $
-  $
-  $
-  $
-  $
-  $
1,350  $
-  $
-  $
-  $
-  $

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

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

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

-  $	-
-  $	6,930
-  $	-
-  $	329
-  $	-
-  $	-
-  $	-
-  $	50
-  $	6,101
-  $	2,700
-  $	-
-  $	-
-  $	-
-  $	-

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)
Principal Payment - 5/1/25	($230,000)	
Current Bonds Outstanding	$10,945,000	
Preston Cove
Community Development District Special Assessment Receipts Fiscal Year 2026

ON ROLL ASSESSMENTS

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

11/3/25		
$	5,084.87	
$	-	
$	-	
$	-	
$	5,084.87	
$	5,084.87	
$	-	
$	5,084.87	
11/4/25		$	27.20	$	-	$	-	$	-	$	27.20	$	27.20	$	-	$	27.20	
11/21/25		$	27,141.66	$	-	$	-	$	-	$	27,141.66	$  13,688.81	$	13,452.85	$  27,141.66	
			$	-	$	-	$	-	$	-	$	-	$	-	$	-	
			$	-	$	-	$	-	$	-	$	-	$	-	$	-	
			$	-	$	-	$	-	$	-	$	-	$	-	$	-	
						$	-	$	-	$	-	$	-	
	Total	$	32,253.73	$	-	$	-	$	-	$	32,253.73	$  18,800.88	$	13,452.85	$  32,253.73	

DIRECT BILL ASSESSMENTS

Elevation Preston Cove, LLC
2026-01		
Net Assessments	
$	341,872.69	
$  53,494.00	
$	288,378.69		
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	2022 Debt Service	
11/1/25	$	26,747.00		$  26,747.00	$	-			
2/1/26	$	13,373.50		$  13,373.50	$	-			
3/1/26	$	196,097.51		$	-	$	196,097.51			
5/1/26	$	13,373.50		$  13,373.50	$	-			
9/1/26	$	92,281.18		$	-	$	92,281.18			
	$	341,872.69	$	-	$  53,494.00	$	288,378.69			

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

August 17th, 2025 Jarett Wright
Senior Field Manager GMS

Preston Cove CDD Field Management Report | GMS 2025

Preston Cove CDD Field Management Report | GMS 2025

Site Items

Amenity Center Landscape Enhancements

Preston Cove CDD Field Management Report | GMS 2025
Site Items

Site Conditions Update

!!"#$%& I
	Proposal #207068	
Date: 12/9/2025 PO #

	CLUB HOUSE ENHACEMENT FOR PLANTS-SOD-ROCK	

	Default Group	
Property Improvements

Items	Quantity		Price	
Demo / Debris Removal / Site Prep	8.00			
Japanese Blueberry 45g	7.00			
Wax Myrtles - 7g Plant Installed - GCS	4.00			
Sweet Viburnum	15.00			
Pink Muhly 3g	32.00			
Agave 15g	3.00			
Ixora - 3g Plant Installed - GCS	36.00			
Blue Daze	120.00			
Bahia Sod (Pallet)	15.00			
Pine Straw Bale	80.00			
1 1/2" Brown River Rock (CY)	6.00			
12" Drain Basin	3.00			
4' Drain pipe	115.00			
paver gray 12x12	32.00			
Labor - Maint	120.00			
Weed Mat (Roll)	1.00	
Property Improvements:	
$26,378.79	
		PROJECT TOTAL:	$26,378.79	
	Terms & Conditions	

By	By
Jorge Ramirez
Date
12/9/2025

Blade Runners Commercial Landscaping Orlando, LLC
Date

Preston Cove CDD