Preston Cove Community Development District

Meeting Agenda February 26, 2026

Preston Cove
Community Development District

February 19, 2026
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, February 26, 2026 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
Acceptance of Resignation of Loubna Kaboune in Seat #5
Appointment of Individual to Fulfill Board Vacancy with a Term Ending November 2027
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2026-04 Electing Assistant Secretary
Approval of Minutes of the February 3, 2026 Board of Supervisors Meeting
Approval of Revised Escrow Agreement
Review of Amendment to Petitioner’s Agreement
Staff Reports
Attorney
Engineer
Update on South Florida Water Management District Consent Order
District Manager’s Report
Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Deficiency Tracker Update
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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From: Loubna Kaboune lkaboune@gmail.com
Subject: Re: Elevation Pointe CDD & Preston Cove CDD Resignation Information
Date: February 5, 2026 at 7:53 PM
To: Syanne Hall shall@gmscfl.com
Cc: Jeremy LeBrun jlebrun@gmscfl.com, mj@elevationdev.com

Good afternoon,
I hereby resign from the Elevation Pointe CDD effective immediately.
I also hereby resign from the Preston Cove CDD effective immediately.
Thank you for the opportunity to serve on both boards. I appreciate the experience and support during my time, and I will complete the required Form 1F for Elevation Pointe CDD as instructed.
Please let me know if you need anything further from me. Loubna
+14073357914

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RESOLUTION 2026-04
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 26th day of February, 2026.

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 Tuesday, February 3, 2026 at 10:30 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Owais Khanani	Chairman
Paul Roth	Vice Chairman
Maria “MJ” Sanchez	Assistant Secretary Also present were:
Jeremy LeBrun	District Manager, GMS
Jay Lazarovich	District Counsel, Latham Luna
Shawn Hindle	District Engineer
Jarett Wright	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. LeBrun called the meeting to order at 10:30 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	Approval of Minutes of the December 17,
2025 Board of Supervisors Meeting
Mr. LeBrun presented the minutes from the December 17, 2025 Board of Supervisors meeting. He asked for any comments, corrections, or changes. The Board had no changes to the minutes.
February 3, 2026	Preston Cove CDD

FOURTH ORDER OF BUSINESS	Discussion	Related	to	Status	of
Completion Items
Mr. LeBrun stated this item is a discussion related to the status of completion items. He noted there was an inspection done recently on Phase Three. Mr. Wright stated some of the items have been completed but there’s still as substantial amount that needs to go through, particularly in regards to Tract 10 where the volleyball court is. He noted all the sod and the sidewalk still needs to be corrected. He stated they had the fence vendor out there reviewing to add on the extensions for the dog park. He pointed out that Tracts 10 and 17 still need sidewalks and work done there for sod. He explained that they realized Tracts 61, 62, and 63 end caps aren’t built yet and there’s not sod there, so they were added. He explained that this was not part of the initial turnover walkthrough with Sloan. It was noted that under the plans common area tract, typically the common area is built by the developer; however, because the sidewalks are short between two lots, it made more sense to have the developer do those instead of the builder as a 20 foot or 30 foot section. It was explained that on one side of the road where they put the sidewalk in, it’s completely broken up. It was noted that the CDD has to spend CDD funds to fix something that the developer should have put in anyways. It was further explained that the home builder stopped at the property line on both sides and didn’t build the small piece of sidewalk in between, so at this point, if the home builder is not going to build that sidewalk and the county or city inspectors do not make him do it, then as a CDD, they need to go in and put sidewalk in. But it was noted that they don’t put those little segments in because they get destroyed every time they do it and it doesn’t make sense to spend money and then go back and spend money again. After discussion, Mr. Lazarovich stated if they can get confirmation from the builders that they’re not going to do it, then they can add it to the list and the CDD will take care of it. Mr. Wright also noted that these items are on the updated tracker in the agenda package on page 87 and will be emailed out.
Mr. Lazarovich stated the other item under this section would be the escrow agreement. He explained that they received comments from D.R. Horton this morning. He stated from the District’s perspective, they went through them and were comfortable with them. He noted two minor comments that they will send back to the whole group for review. Then a few additional comments came in right before this meeting, which he hasn’t had a chance to review yet. He stated

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February 3, 2026	Preston Cove CDD

they are comfortable with the comments from D.R. Horton, so they are comfortable with the Board approving the agreement subject to finalization. He added that if material changes do happen after the developer’s review of those comments, they would need to come back to the Board. He stated he would look for a motion to approve the escrow agreement in substantial form, subject to Chair, counsel, and staff sign off with the condition that if material or substantial changes are provided by the developer, it would need to come back for Board approval.

FIFTH ORDER OF BUSINESS	Discussion	of	South	Florida	Water
Management District Consent Order
Mr. Lazarovich stated this previously came before the Board and it is just an update to push the date out. He explained that they weren’t able to have the transfer within the allotted timeframe. He noted this is the same exact consent order just pushing that date out.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-03
Approving Conveyance of Phase 3
Mr. LeBrun presented Resolution 2026-03. Mr. Lazarovich stated this is their standard conveyance and it includes special warranty deed, a bill of sale going from the developer to the CDD, an agreement regarding taxes, an owner’s affidavit, and a certificate of District Engineer. He explained that this includes all of Phase Three tracts that were dedicated to the CDD on the plat. He further explained that they prepared the resolution; however, they then learned of a couple additional items in Phase Three that were added to the tracking list. He stated they are just looking for approval so they can revise the resolution to note inclusion of the post-closing requirements that were discussed in the escrow agreement regarding the Phase Three tracts. He also noted that this is a requirement tied to the escrow agreement, so they look for approval subject to all parties entering into the escrow agreement.

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February 3, 2026	Preston Cove CDD

SEVENTH ORDER OF BUSINESS	Ratification of Data Sharing and Usage
Agreement with Osceola County Property Appraiser
Mr. LeBrun stated they enter this agreement every year and with the county. The agreement says they are not going to share any confidential information that they provide them through the property appraiser’s database. He noted he has already signed this on behalf of the District and they do it every year.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich had nothing further to report to the Board.

Engineer
Mr. Hindle stated they have been on site and are pleased with the progress on the tracking report and District deficiencies. He stated they are seeing continued progress.

District Manager’s Report
Check Register
Mr. LeBrun presented the check register from December 1, 2025 to December 31, 2025 totaling $20,683.75. The check numbers are 207 through 212. He offered to answer any questions. There being no questions, there was a motion of approval.

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

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February 3, 2026	Preston Cove CDD

Field Manager’s Report
Consideration of Proposal for Clubhouse Landscaping Enhancement from Blade Runners
Mr. Wright presented the field manager’s report. He stated the amenity center was open for public access starting on December 22, 2025. He noted they conducted multiple site reviews with site contractors to review pending issues. For the contracted services, he noted the landscape maintenance, and aquatics maintenance are performing as expected, janitorial services have started at the amenity center, they received proposals for landscaping enhancements around the clubhouse to improve aesthetics, they are scheduling mulch installations and fertilization treatments in February, and they are scheduling propane vendor to restore services to the clubhouse. He reviewed the site items listed in the report, which include new French drains that will need to be installed at the Preston Cove Drive entrance to reduce sidewalk flooding concerns, the playground French drains will need to be extended to the sidewalk for proper flow and to reduce flooding in the area, and they are gathering quotes to install a rubber gym floor and fitness equipment in the fitness center.
Mr. Wright presented a proposal for the clubhouse landscaping enhancement from Blade Runners. It was decided to table this proposal for now.

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 asked for a motion to adjourn the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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This item will be provided under separate cover

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This item will be provided under separate cover

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SOUTH FLORIDA WATER MANAGEMENT DISTRICT

February 04, 2026

Owais Khanani	?B?Y-=======::i Elevation Preston Cove, LLC
189 S Orang? Ave Ste 1550-S Orlando, FL 32801
CERTIFIED MAIL NO. 7020 0640 0000 5303 1216

Shaman Foradi Preston Cove CDD 219 E Livingston Street Orlando, FL 32801
CERTIFIED MAIL NO. 7020 0640 0000 5303 1223

Subject:	Sunbridge Creek Dewatering Consent Order
Enforcement Case No. 23328
Environmental Resource Permit No. 49-102591-P Osceola County

Dear Mr. Khanani and Mr. Foradi:
Delivered via email

Delivered via email

As discussed with South Florida Water Management District (District) staff and Cameron Hindle
P.E. on January 15, 2025 via telephone, a Consent Order (Order) settling the outstanding enforcement issues regarding the above-referenced violation is enclosed. Please read the entire document and sign and print your name on the signature page. Please have a notary attest your signature as indicated and return the entire, original document to this office before March 5, 2026.

Final agency action regarding this matter will be presented to the Division Director of Regulation for finalization. A complete, executed copy will be provided for you upon execution of the Order by the District. Thank you for your cooperation in this matter.

If you have any questions  or  require  additional  assistance,  please  contact Ryan Higgins at 407-858-6100 x3573 or via email at rhiggins@sfwmd.gov.

Sincerely,

Ryan Higgins Engineering Specialist Ill

3301Gun Club Road, West Palm Beach, Florida 33406 • (561) 686-8800 • 1-800-432-2045 • www.sfwmd.gov
Sunbridge Creek Dewatering Page2
eEnclosures:	Draft Consent Order (23328 DraftCO LongForm 20260203.pdf)

c: Craig Zetwo, Hanson Walter & Associates (E-Mail)

This document is filed in the eEnforcement system under Enforcement Case Number 23328
BEFORE THE GOVERNING BOARD OF THE SOUTH FLORIDA WATER MANAGEMENT DISTRICT

SOUTH FLORIDA WATER MANAGEMENT DISTRICT,

Complainant,
v.
SFWMD No. 2026-		-CO-ERP

ELEVATION PRESTON COVE LLC, and PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT,

Respondents.
''
CONSENT ORDER

This Consent Order is entered into between Complainant, South Florida Water Management District ("District"), and Respondents, Elevation Preston Cove LLC ("Elevation"), and Preston Cove Community Development District ("CDD") (collectively, "Respondents"), by mutual consent, who agree as follows:
FINDINGS OF FACT

The District, a government entity created under Chapter 373, Florida Statutes, is a multipurpose water management district with its principal office located at 3301 Gun Club Road, West Palm Beach, Florida 33406.
Respondents are persons within the meaning of Section 373.019(15), Florida Statutes. Elevation's mailing address is 189 South Orange Avenue, Suite 1550, Orlando, Florida 32801. CDD's mailing address is 219 East Livingston Street, Orlando, Florida 32801.

February 3, 2026
Page 1 of 12 - Enforcement Case No. 23328	Long Form Consent Order {08/01/2024)
The following exhibits are attached and incorporated into this Consent

Order:

Exhibit A- Location Map and Legal Description; Exhibit B - Inspection Map;
Exhibit C - Notice of Violation;

Exhibit D - Form 62-330.310(2) Request for Transfer of Environmental Resource Permit to the Perpetual Operating Entity;
Exhibit E - Notice of Rights; and Exhibit F - Notice of Consent Order.
Respondents own property within the platted development known as Preston Cove Phase 1 and 2, as recorded in Plat Book 33, Pages 80-88, in Sections 21 and 22, Township 25 South, Range 31 East; Osceola County, Florida ("Property"). The Property and its legal description are depicted in Exhibit A.
The District has jurisdiction over the Respondents, the Property, any stormwater management system, wetlands, wetland impacts, all works, and maintenance activities conducted on the Property, as provided in Chapter 373, Florida Statutes. The District also has jurisdiction over the regulation of the consumptive use of water, which includes issuing, enforcing, modifying, and revoking water use permits as provided in Chapter 373, Florida Statutes.
On April 3, 2020, the District issued Environmental Resource Permit ("ERP") No. 49-102591-P ("Permit") to Jones at Nona LLC ("Jones"), the Property owner at the time, for the construction and operation of a stormwater management ("SWM") system for a 146.69-acre residential development known as Sunbridge Creek ("Project").

February 3, 2026
Page 2 of 12- Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
General Condition No. 7 of the Permit states that the Permit must be transferred to the perpetual operation and maintenance entity within 30 days of the submittal of the as-built certification.
General Condition No. 12 of the Permit required the permittee to notify the District within 30 days of any conveyance or division of ownership or control of the Property or the SWM system, and for the Permit to be transferred to the new owner in accordance with Rule 62-330.340, Florida Administrative Code.
Special Condition No. 2 of the Permit states that the CDD is the perpetual operation and maintenance entity.
Between 2021 and 2023, Jones conveyed its interest in the Property.

Ultimately, Elevation and CDD became the owners of the Property. Jones failed to notify the District of the conveyances and Elevation and CDD did not become co-permittees as required by General Condition No. 12 of the Permit.
On November 14, 2023, District staff inspected the Property and observed unauthorized construction and unauthorized offsite dewatering on the portion of the Property owned by Elevation. A water quality sample of the offsite discharge revealed that the discharge exceeded State water quality standards  by 82 nephelometric turbidity units. District staff also noted the Project was continuing to be constructed on the portions of the Property owned by the CDD even though the Permit had not been transferred to it. A map identifying the location of the unauthorized dewatering and water quality sample collection points is attached as Exhibit B.
On May 30, 2024, District staff issued an Updated Notice of Violation and In Aid of Settlement ("NOV") to Respondents for: 1) Elevation's unauthorized dewatering

February 3, 2026
Page 3 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
in violation of State Water quality standards and unauthorized construction; and 2) CDD's construction without an ERP.1 The NOV is attached as Exhibit C.
On March 22, 2024, District staff inspected the Property and noted that the unauthorized dewatering had stopped, and the State water quality violation had been resolved.
On April 4, 2024, ERP Application No. 240404-43206 was submitted requesting to transfer the Permit in accordance with General Condition No. 12 of the Permit and add COD as the operation entity ("Application").
On April 28, 2025, the District approved the Application and issued ERP No.
49-102591-P to Respondents as co-permittees ("Modified Permit"). The Application identified COD and Preston Cove Homeowners Association Inc. ("Operating Entities") as the operating entities of the Permit. The General Conditions contained in the Permit were incorporated into the Modified Permit.
On August 25, 2025, the District accepted the Project's construction completion certification. However, the Modified Permit still needed transferred to the Operating Entities in accordance with General Condition No. 7 of the Permit.
On October 6, 2025, Respondents submitted ERP Application No. 251006-57759 requesting to transfer the Modified Permit to the Operating Entities in accordance with General Condition No. 7 of the Permit ('Transfer Request").

1 An initial Notice of Violation was sent on January 26, 2024. However, the Updated Notice of Violation was sent to remove D.R. Horton as they no longer retained ownership of the Property. The Updated Notice of Violation was also addressed to Jones and Starlight. However, because Jones and Starlight no longer own any portion of the Property, Jones and Starlight are not a party to this Consent Order.

February 3, 2026
Page 4 of 12- Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
CONCLUSIONS OF LAW

As provided in Rule 62-330.020, Florida Administrative Code, and Sections

373.413 and 373.416, Florida Statutes, the District requires permits to construct, alter, operate, or maintain stormwater management systems or works including activities that impact wetlands. Additionally, Rule 40E-2.041, Florida Administrative Code, provides that water users are required to obtain permits prior to using or withdrawing water and they must comply with all permit conditions. The activity must not harm the District's water resources.
The District finds that Respondents violated Chapter 373, Florida Statutes, and its corresponding rules, by failing to transfer the Permit and by conducting unauthorized dewatering and construction.
The District may initiate and maintain legal action to enforce its rules, permits, and orders to protect and preserve the state's water resources in accordance with Section 373.129, 373.223, 373.224, 373.236, 373.239, 373.243, Florida Statutes. The District may recover a civil penalty for each offense in an amount not to exceed
$15,000.00 per offense. Each additional day in which a violation occurs will constitute a separate offense. The District may further recover investigative costs, court costs, and reasonable attorney's fees.
THEREFORE, having reached resolution of this matter, it is ORDERED:

ORDER

On July 26, 2024, Respondents paid the District a total of $8,000.00 in civil penalties and costs for settlement of the violations identified in this Consent Order. This amount includes $5,500.00 in civil penalties and $2,500.00 for the District's costs and

February 3, 2026
Page 5 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
attorney's fees incurred during the investigation of this matter and for preparing and tracking this Consent Order.
Within 30 days of the effective date of this Consent Order, Respondents must submit Form 62-330.310(2), which is attached as Exhibit D, as part of the Transfer Request.
Within 90 days of the effective date of this Consent Order, Respondents' Transfer Request must be deemed complete, thereby transferring the Modified Permit to the Operating Entities and resolving the violations identified in this Consent Order.
Respondents agree to pay the District stipulated penalties in the amount of

$100.00 per day for each day Respondents fail to timely comply with any of the requirements of this Consent Order. A separate stipulated penalty shall be assessed for each violation of this Consent Order. Within 30 days of the District's written demand, Respondents must make payment of the stipulated penalties to the "South Florida Water Management District" by cashier's check or money order. The District may make demand for payment at any time after a failure to comply occurs. Nothing in this paragraph shall prevent the District from filing suit to specifically enforce any of the terms of this Consent Order. Any stipulated penalties assessed under this paragraph shall be in addition to the settlement sum agreed to in Paragraph 21 of this Consent Order. If the District is required to file a lawsuit to recover stipulated penalties under this paragraph or to enforce this Consent Order, the provisions pertaining to stipulated penalties are waived and the District is not foreclosed from seeking civil penalties of up to $15,000.00 per offense per day, costs, and attorney's fees for violations of this Consent Order.

February 3, 2026
Page 6 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
GENERAL PROVISIONS

District representatives may enter the Property to verify compliance with this Consent Order. Respondents' failure to comply with this Consent Order shall constitute a violation of Chapter 373, Florida Statutes.
Should Respondents fail to meet the requirements set forth in this Consent Order, the District reserves the right to petition for judicial or administrative enforcement of its terms. In such event, Respondents shall not contest or deny any fact, legal conclusion, or any other matter or fact set forth in this Consent Order, including the Findings of Fact and Conclusions of Law, penalties, fees, and costs. In exchange for the District not initiating legal proceedings and by signing below, Respondents waive all rights set forth in the Notice of Rights, attached as Exhibit E.
If the District successfully petitions or sues for enforcement of this Consent Order, Respondents agree to and must pay the District's attorneys' fees, including, but not limited to, the fair market value of in-house counsel fees as if performed by outside or private counsel, court costs, and any other damages.
The District expressly reserves the right to initiate appropriate legal action to prevent or prohibit the future violation of applicable statutes or the corresponding rules, or to alleviate an immediate serious danger to the public health, safety, or welfare. If Respondents' non-compliance with this Consent Order leads to the District bringing an enforcement action, Respondents consent to receive service of process by registered mail with no signature required, delivered to Respondents' addresses.

February 3, 2026
Page 7 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
This Consent Order shall take effect after the Respondents' and the District's (collectively, "Parties") execution and shall remain in full force and effect until its terms and conditions are completed to the District's satisfaction.
In addition, prior to any sale, transfer, conveyance or lease of the Property, Respondents must provide a copy of this Consent Order to any prospective purchaser or successor in interest. Respondents shall provide notification to the District of the sale, transfer, or conveyance of the Property within 30 days.
Respondents, as the Property owners, consent to the District recording notice of this Consent Order in the Osceola County official records utilizing Form 62-330.090(1), Florida Administrative Code, attached as Exhibit F. The terms, conditions, covenants, and provisions of this Consent Order encumber the Property, run with the Property, and are binding upon and inure to the benefit of the Parties, their heirs, successors, and assigns, and all subsequent Property owners.
Entry of this Consent Order does not relieve Respondents of the need to comply with all applicable federal, state, and local laws, regulations, or ordinances, including District permitting requirements. This Consent Order does not give Respondents the authority to conduct any activities on the Property that are under the District's jurisdiction without first obtaining District authorization.
If any event causes delay, or reasonable likelihood of delay, in complying with the requirements or deadlines of this Consent Order, Respondents must prove that the delay was or will be caused by circumstances beyond Respondents' control. The failure of a contractor, subcontractor, materialman, or other agent who Respondents

February 3, 2026
Page 8 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
delegate to meet contractually imposed deadlines shall not be considered a cause beyond the Respondents' control.
Upon an event causing delay, or upon becoming aware of a potential for delay, Respondents must notify the District verbally within 24 hours, or by the next working day. Within 7 days of verbal notification, Respondents must notify the District in writing of the anticipated length and cause of the delay, the measures taken or to be taken to prevent or minimize the delay, and the timetable to implement these measures. If the District agrees that the delay or anticipated delay has been or will be caused by circumstances beyond Respondents' reasonable control, the time for performance may be extended for a period equal to the agreed delay. Such agreement shall be set forth in writing and include all reasonable measures necessary to avoid or minimize delay. The Respondents' failure to comply with the notice requirements in a timely manner shall constitute a waiver of Respondents' right to request an extension of time for compliance with the requirements or deadlines in this Consent Order.
In the event it is necessary for the District to initiate legal action regarding this Consent Order, such action may be initiated in the Fifteenth Judicial Circuit in Palm Beach County, Florida. The District also reserves the right to seek administrative enforcement by issuing an Administrative Complaint and Order for Corrective Action. If the District pursues administrative enforcement, any final hearing shall be located at the closest District facility to the subject Property, unless the District agrees otherwise.
DONE AND SO ORDERED in West Palm Beach, Palm Beach County, Florida, this
		day of 	? 2026.

February 3, 2026
Page 9 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
SOUTH FLORIDA WATER MANAGEMENT DISTRICT

Regulation Division

Jill S. Creech, P.E., Director		Date STATE OF FLORIDA	)
COUNTY OF	--.)
The foregoing instrument was acknowledged before me by means of □ physical presence or□ online notarization, this 	by 	_

Signature of Notary Public - State of Florida

Print, Type, or Stamp Commissioned Name of Notary Public

Personally Known 		OR Produced Identification Type of Identification Produced

General Counsel Concurrence

	
Maricruz R. Fincher General Counsel
Date

Legal Form Approval

	
Emily Johnson Attorney
Date

February 3, 2026
Page 10 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
RESPONDENT - ELEVATION PRESTON COVE LLC

BY: 	
Signature

DATE: 	_

PRINT NAME: Owais Khanani

TITLE: Manager

STATE OF FLORIDA	)
COUNTY OF 	_,

The foregoing instrument was acknowledged before me by means of□physical presence or□ online notarization, this 	by	:

Signature of Notary Public - State of Florida

Print, Type, or Stamp Commissioned Name of Notary Public

Personally Known 		OR Produced Identification Type of Identification Produced

Owais Khanani, the manager of Elevation Preston Cove LLC, a Florida	limited liability company, on behalf of the company.

February 3, 2026
Page 11 of 12- Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)
RESPONDENT - PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT

BY: 	
Signature

DATE: 	_

PRINT NAME: Shaman Foradi

TITLE: Chairman

STATE OF FLORIDA	) COUNTY OF 	 }

The foregoing instrument was acknowledged before me by means of □physical presence or□ online notarization, this 	by 	_

Signature of Notary Public - State of Florida

Print, Type, or Stamp Commissioned Name of Notary Public

Personally Known 		OR Produced Identification Type of Identification Produced

Shaman Foradi, the chairman of Preston Cove Community Development District, on behalf of the community development district.

February 3, 2026
Page 12 of 12 - Enforcement Case No. 23328	Long Form Consent Order (08/01/2024)

Application

Cost Code: 23328 Application No.: Permit No:
Project	Name: DEWATERING

Map Date: 2025-03-06
0	1.25

SUNBRIDGE

2.5
Miles

CREEK

Exhibit No: A, Page 1 of 2
Legal Description Preston Cove Phase 1 and 2
All of Preston Cove Phase 1 and 2, according to the plat thereof, as recorded in Plat Book 30, Pages 80-88 of the public records of Osceola County, Florida, less the following:
Lots 1 through 337 and 367 through 396 inclusive.

Exhibit A, Page 2 of 2

South Florida Water Management District
3301 Gun Club Road, West Palm Beach, Florida 33406
561?86-8800; www.sfwmd.gov	w
?1Ul1l.
ArcGIS Web Map
0	0.07	0.14	0.21	0.28	0.35 mi

s	0	0.15	0.3	0.45	0.6km
DISCLAIMER:
This map Is a conceptual or planning tool only that was created using a South Florida Water Management Dlstrtct (SFWMD) publicly accessible web applic:atlc,r,, which allows any user to add Information, graphics, and other markings, the accuracy of which has not been verified by the SFWMD. The South Florida Water Management Dlstlict does not guarantee or make any representation regarding the information contained herein. It is not self-executing or binding, and does not affect the interests of any persons or properties, including any present or future right or use of real property and is exempt from public records disclosure and confidential under Section 119.071(3)(a)(1), Florida Statute.

Map Produced on Date: 11/26/2024	Exhibit B. Pace 1 of 1

May 30, 2024
SOUTH FLORIDA WATER MANA.GEMENT DISTRICT

Owais Khanani
Elevation Preston Cove, LLC
189 S Orange Avenue, Ste 1550-S Orlando, FL 32801
CERTIFIED MAIL NO. 7013 3020 0000 9387 6733
Delivered via email

Owais Khanani Jones at Nona LLC
189 S Orange Avenue, Suite 1550
Orlando, FL 32801
CERTIFIED MAIL NO. 7013 3020 0000 9387 6696
See Distribution List for Additional Reci lents

Subject:	Sunbridge Creek Dewatering
Updated Notice of Violation for Unauthorized Works, Unauthorized Dewatering and Water Quality Violation and In Aid of Settlement
Enforcement Case No. 23328
Environmental Resource Permit (ERP) No. 49-102591-P Osceola County

Dear Messrs. Khanani, Sawyer & Foradi:

As discussed with South Florida Water Management District (District) staff and Brian LeClair with Mack Contracting on November 15, 2023, and as indicated in the previous Notice of Violation (NOV) dated January 26, 2024 (enclosed), inspections conducted on November 15, 2023 and December 13, 2023 indicated that unauthorized dewatering and construction has occurred at the properties noted in the enclosed location map. Violations of State water quality standards have occurred as a result of unauthorized activities associated with the above-referenced project. This correspondence has been updated to remove D.R. Horton from the NOV.

Specifically, Rules 62-302.500 and 62-302.503, Florida Administrative Code (FAC), establish acceptable State water quality standards. The activities that are causing or have caused water quality degradation include the following:
Water Quality Violation: Elevation Preston Cove LLC has caused a violation of State water quality standards as a result of discharging turbid water, which exceeded 29 Nephelometric Turbidity Units (NTUs) above background levels;
Unauthorized Dewatering: Elevation Preston Cove LLC has conducted unauthorized dewatering which has resulted in the referenced water quality violation;
Unauthorized Construction: Elevation Preston Cove LLC, Preston Cove Community Development  District  and Starlight  Homes  Florida  LLC,  have conducted unauthorized construction on their respective properties; and
Exhibit C, Page 1 of 3

3301 Gun Club Road, West Palm Beach, Florida 33406 • (561) 686-8800 • 1-800-432-2045 • www.sfwmd.gov
Sunbridge Creek Dewatering Page2
ERP Violation: Jones at Nona LLC, as permittee of ERP No. 49-102591-P, has violated General Condition No. 12b of the ERP by failing to notify the District in writing within 30 days of the conveyance, division of ownership ,or control of the property subject to the above referenced ERP.
As a result of this violation, the District will seek civil penalties, recovery of staff investigative costs and may require restoration of the affected area. The specific terms for resolution of this violation will be forwarded to you after your response to this Notice. The District is authorized under Section 373.129, FS, to seek civil penalties and to recover costs such as staff investigative time and attorneys fees. Based on the information available as of the date of this correspondence, District staff offers the following terms of settlement:
Pay $5,500.00 in civil penalties and $2,500.00 in staff investigative costs, for a total of $8,000.00.
Upon agreement with these settlement terms, the District will draft a Consent Order (Order) which will be forwarded to you for your signature. Once we receive your signature, the Order will be presented to the Division Director of Regulation for finalization. Once the Order is approved and executed, you will be responsible for executing the obligations detailed in the Order, including the completion of corrective actions and payment of civil penalties and costs within the time frames indicated.
Your acceptance of the above settlement terms will provide the District with assurances that you are acting in good faith and with the full intent of resolving the violation described above, in order to avoid further action by the District in seeking corrective actions and the judicial imposition of civil penalties, investigative and court costs and additional attorney's fees. The District is authorized under Section 373.129, Florida Statutes, to seek civil penalties, and to recover investigative and court costs, as well as attorneys fees. In the event that settlement is not reached under the terms provided herein, civil penalties, costs, and attorneys fees, in addition to those previously indicated in this letter, may be assessed.
If you do not respond to the District, at the address given above, within seven (7) days of receipt of this Notice, it will be assumed that there is no interest in settling this matter according to the terms described herein.
If you have any questions or require additional assistance, please contact Ryan Higgins at (407) 858-6100 x3573 or via email at rhiggins@sfwmd.gov.
Sincerely,

Natalie Cole
Administrator, Environmental Resource Bureau

eEnclosures: Location Map (49-02772-W SiteMap 20231213.PDF) Notice of Violation (23328  NOV WO 20240126.pdf)
Photo Exhibit (WU PhotoExhibit 49-02772-W 20231214.pdf) Photo Exhibit (WU - Photo Exhibit 49-02772-W 20231116.pdf) Filing a Permit Transfer (Filing a Permit Transfer)
Form 62-330.340(1) Request Transfer Permit (Form 62-330.340(1))

Exhibit C, Page 2 of 3
Sunbridge Creek Dewatering Page3
c: Craig Zetwo. Hanson Walter & Associates (E-Mail, Certified Mail - 7013 3020 0000 9387 6719)
David V Auld, D R Horton Inc (Certified Mail - 7013 3020 0000 9387 6726)

This document is filed in the eEnforcement system under Enforcement Case Number 23328
Distribution	i t

Zack Sawyer
Starlight Homes Florida, LLC
1064 Greenwood Boulevard, Suite 124 Lake Mary, FL 32746
CERTIFIED MAIL NO. 7013 3020 0000 9387 6757

Shaman Foradi Preston Cove CDD
219 E. Livingston Street Orlando, FL 32801
CERTIFIED MAIL NO. 7013 3020 0000 9387 6740
Delivered via email

Exhibit C, Page 3 of 3

Request for Transfer of Environmental Resource Permit
	to the Perpetual Operation and Maintenance Entity	
Instructions: Complete this form to transfer te the permit to the operation and maintenance entity. This form can be completed concurrently with, or within 30 days of approval ot the As-Built Certification and Request for Conversion to Operation Phase (Form 62-330.310(1)). Please include all documentation required under Section 12.2.1(b) of Applicant's Handbook Volume I (see checklist below). Failure to submit the appropriate final documents will result in the permittee remaining liable for operation and maintenance of the permitted activities.

Permit No.: Project Name:
Application No(s): Phase (if applicable):

Request to Transfer: The permittee requests that the permit be transferred to the legal entity responsible for operation and maintenance (O&M).
By: 	_
Signature of Permittee	Name and Title

Company Name	Company Address

Phone/email address	City, State, Zip

Agreement for System Operation and Maintenance Responsibility: The below-named legal entity agrees to operate and maintain the works or activities in compliance with all permit conditions and provisions of Chapter 62-330, Florida Administrative Code (F.A.C.) and Applicant's Handbook Volumes I and II.

The operation and maintenance entity does not need to sign this form if it is the same entity that was approved for
 operation and maintenance in the issued permit.	

Authorization for any proposed modification to the permitted activities shall be applied for and obtained prior to conducting such modification.

By:					 Signature of Representative of O&M Entity		 Name of Entity for O&M

Name and Title	Address

Email Address	City, State, Zip

Phone	Date
Enclosed are the following documents, as applicable:
D Copy of recorded transfer of title to the operating entity for the common areas on which the stormwater management system is located (unless dedicated by plat)
D Copy of all recorded plats
D Copy of recorded declaration of covenants and restrictions, amendments, and associated exhibits
D Copy of filed articles of incorporation (if filed before 1995)
g. ..
Form 62-330.310(2)- Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity
Incorporated by reference in paragraph 62-330.310(4)(a), F.A.C. (June 1, 2018)	Exhibit D, Page 1 of 2
D A Completed documentation that the operating entity meets the requirements of Section 12.3 of Environmental Resource Permit Applicant's Handbook Volume I. (Note: this is optional, but aids in processing of this request)

0 .	0	@	1@··.
Form 62-330.310(2} - Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity
Incorporated by reference in paragraph 62-330.310(4)(a}, F.A.C. (June 1, 2018)	Exhibit D, Page 2 of 2
NOTICE OF RIGHTS

As required by Chapter 120, Florida Statutes, the following provides notice of the opportunities which may be available for administrative hearing pursuant to Sections 120.569 and 120.57, Florida Statutes, or judicial review pursuant to Section 120.68, Florida Statutes, when the substantial interests of a party are determined by an agency. Please note that this Notice of Rights is not intended to provide legal advice. Some of the legal proceedings detailed below may not be applicable or appropriate for your situation. You may wish to consult an attorney regarding your legal rights.
RIGHT TO REQUEST ADMINISTRATIVE HEARING
A person whose substantial interests are or may be affected by the South Florida Water Management District's (District) action has the right to request an administrative hearing on that action pursuant to Sections 120.569 and 120.57, Florida Statutes. Persons seeking a hearing on a District decision which affects or may affect their substantial interests shall file a petition for hearing in accordance with the filing instructions set forth herein within 21 days of receipt of written notice of the decision unless one of the following shorter time periods apply: (1) within 14 days of the notice of consolidated intent to grant or deny concurrently reviewed applications for environmental resource permits and use of sovereign submerged lands pursuant to Section 373.427, Florida Statutes; or (2) within 14 days of service of an Administrative Order pursuant to Section 373.119(1), Florida Statutes. "Receipt of written notice of agency decision" means receipt of written notice through mail, electronic mail, posting, or publication that the District has taken or intends to take final agency action. Any person who receives written notice of a District decision and fails to file a written request for hearing within the timeframe described above waives the right to request a hearing on that decision.

If the District takes final agency action that materially differs from the noticed intended agency decision, persons who may be substantially affected shall, unless otherwise provided by law, have an additional point of entry pursuant to Rule 28-106.111, Florida Administrative Code.

Any person to whom an emergency order is directed pursuant to Section 373.119(2), Florida Statutes, shall comply therewith immediately, but on petition to the board shall be afforded a hearing as soon as possible.

A person may file a request for an extension of time for filing a petition. The District may grant the request for good cause. Requests for extension of time must be filed with the District prior to the deadline for filing a petition for hearing. Such requests for extension shall contain a certificate that the moving party has consulted with all other parties concerning the extension and whether the District and any other parties agree to or oppose the extension. A timely request for an extension of time shall toll the running of the time period for filing a petition until the request is acted upon.
FILING INSTRUCTIONS
A petition for administrative hearing must be filed with the Office of the District Clerk. Filings with the Office of the District Clerk may be made by mail, hand-delivery, or e-mail. Filings by facsimile will not be accepted. A petition for administrative hearing or other document is deemed filed upon receipt during normal business hours by the Office of the District Clerk at the District's headquarters in West Palm Beach, Florida. The District's normal business hours are 8:00 a.m. - 5:00 p.m., excluding weekends and District holidays. Any document received by the Office of the District Clerk after 5:00 p.m. shall be deemed filed as of 8:00 a.m. on the next regular business day. Additional filing instructions are as follows:

Filings by mail must be addressed to the Office of the District Clerk, 3301 Gun Club Road, West Palm Beach, Florida 33406.
Rev. 1/16/20	1
Exhibit E, Page 1 of 2
Filings by hand-delivery must be delivered to the Office of the District Clerk. Delivery of a petition to the District's security desk does not constitute filing. It will be necessary to request that the District's security officer contact the Office of the District Clerk. An employee of the District's Clerk's office will receive and process the petition.
Filings by e-mail must be transmitted to the Office of the District Clerk at clerk@sfwmd.gov. The filing date for a document transmitted by electronic mail shall be the date the Office of the District Clerk receives the complete document.
INITIATION OF AN ADMINISTRATIVE HEARING
Pursuant to Sections 120.54(5}(b}4. and 120.569(2)(c}, Florida Statutes, and Rules 28-106.201 and 28-106.301, Florida Administrative Code, initiation of an administrative hearing shall be made by written petition to the District in legible form and on 8 1/2 by 11 inch white paper. All petitions shall contain:

Identification of the action being contested, including the permit number, application number, District file number or any other District identification number, if known.
The name, address, any email address, any facsimile number, and telephone number of the petitioner, petitioner's attorney or qualified representative, if any.
An explanation of how the petitioner's substantial interests will be affected by the agency determination.
A statement of when and how the petitioner received notice of the District's decision.
A statement of all disputed issues of material fact. If there are none, the petition must so indicate.
A concise statement of the ultimate facts alleged, including the specific facts the petitioner contends warrant reversal or modification of the District's proposed action.
A statement of the specific rules or statutes the petitioner contends require reversal or modification of the District's proposed action.
If disputed issues of material fact exist, the statement must also include an explanation of how the alleged facts relate to the specific rules or statutes.
A statement of the relief sought by the petitioner, stating precisely the action the petitioner wishes the District to take with respect to the District's proposed action.
MEDIATION
The procedures for pursuing mediation are set forth in Section 120.573, Florida Statutes, and Rules 28-
106.111 and 28-106.401-.405, Florida Administrative Code. The District is not proposing mediation for this agency action under Section 120.573, Florida Statutes, at this time.

RIGHT TO SEEK JUDICIAL REVIEW
Pursuant to Section 120.68, Florida Statutes, and in accordance with Florida Rule of Appellate Procedure 9.110, a party who is adversely affected by final District action may seek judicial review of the District's final decision by filing a notice of appeal with the Office of the District Clerk in accordance with the filing instructions set forth herein within 30 days of rendition of the order to be reviewed, and by filing a copy of the notice with the appropriate district court of appeals via the Florida Courts E-Filing Portal.

Rev. 1/16/20	2
Exhibit E, Page 2 of 2

Document Prepared By:
South Florida Water Management District

Return Recorded Document To:
Regulation Division
South Florida Water Management District 3301 Gun Club Road
West Palm Beach, FL 33406 MSC 2430

SOUTH FLORIDA WATER MANAGEMENT
DISTRICT
Notice of Consent Order

RE:	Respondents:	Elevation Preston Cove LLC;
Starlight Homes Florida L.L.C., and
Preston Cove Community Development District

County:	Osceola

A Consent Order between Elevation Preston Cove LLC, Starlight Homes	Florida L.L.C., And Preston Cove Community Development District, and the South Florida Water	Management	District ("SFWMD") Regulation	Division,	District Order Number SFWMD.

Notice

The SFWMD hereby gives notice that a Consent Order has been entered into between Elevation Preston Cove LLC, Starlight Homes Florida L.L.C., and Preston Cove Community Development District, ("Respondents") and the SFWMD pertaining to the real-property described on Exhibit 1, attached hereto and made a part hereof ("Property"). This Property is subject to the requirements and restrictions set forth in Chapter 373, Florida Statutes (FS), Title 40E, Florida Administrative Code (FAC), and the provisions of the Consent Order.

Within thirty (30) days of any transfer of interest or control of any portion of the property described in the attached Consent Order, the Respondents must notify the SFWMD in writing of the property transfer.

Exhibit F, Page 1 of 4
The Property identified in the Consent Order is subject to restoration plans or other requirements such as obtaining a permit. Purchasers are put on notice that such restoration plans or permit requirements exist. The purchasers are subject to compliance with all permitting and other requirements under Chapter 373, FS, Chapter 62.330, FAC, and Title 40E, FAC, for activities occurring on the Property.

Conflict Between Notice And Consent Order

This Notice of Consent Order may not include all of the information contained in the file of record. The entire Consent Order is available online at: www.sfwmd.gov/epermitting, select the Enforcement tab, then enter Cost Code: 23328. A paper copy can be obtained by contacting: Ryan Higgins, Engineering Specialist 3, South Florida Water Management District, 7345 Greenbriar Parkway Orlando, FL 32819, or by phone at: 407-858-6100 Ext, 3573. Provisions in this Notice of Consent Order shall not be used in interpreting the Consent Order provisions. In the event of conflict between this Notice of Consent Order and the Order itself, the Consent Order shall control.

Exhibit F, Page 2 of 4
Release

This Notice may not be released or removed from the public records without the prior written consent of the South Florida Water Management District. The contact for this release is the Director of the Environmental Resource Bureau, 3301 Gun Club Road, West Palm Beach, FL 33406.

The terms, conditions, covenants, and provisions of the Consent Order encumber the real property described on Exhibit 1, attached hereto and incorporated herein ("Property"), shall run with the Property, and shall be binding upon and inure to the benefit of the parties hereto, their heirs, successors, and assigns, and all subsequent owners of the Property.

This Notice is executed on this 		day of-----? 20	. South Florida Water Management District
District Clerk

STATE OF 	_

COUNTY OF 	

The foregoing instrument was acknowledged before me this 		day of 				, 20		by 			, as District Clerk of the South Florida Water Management District a public corporation, on behalf of the public corporation.	He/She is personally	known to me or has produced							as identification.

Notary Public

(seal)

Print

My Commission Expires: 	_

Exhibit F, Page 3 of 4
Exhibit 1 Legal Description Preston Cove Phase 1 and 2
All of Preston Cove Phase 1 and 2, according to the plat thereof, as recorded in Plat Book 30,
Pages 80-88 of the public records of Osceola County, Florida, less the following: Lots 1 through 337 and 367 through 396 inclusive.

Exhibit F, Page 4 of 4

!!"#$%& "

!!"#$%& I

Summary of Check Register

January 01, 2026 through January 31, 2026

General Fund				
	1/8/26	213-216	$	4,563.18	
	1/13/26	217	$	354,096.08	
	1/20/26	218-221	$	32,768.43	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/18/26	PAGE	1
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	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	#
1/08/26 00022 12/23/25 21060	202512 320-53800-47000	*	950.00
DEC LAKE MAINTENANCE
AQUATIC WEED MANAGEMENT, INC.	950.00 000213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/08/26 00023 12/29/25 185308	202512 320-53800-46200	*	3,233.18
PLAMTS FOR 2 BEDS AT POOL
BLADE RUNNERS COMMERCIAL	3,233.18 000214
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/08/26 00027 12/19/25 16793	202512 330-53800-46000	*	50.00
DEC25 JANITORIAL
CSS CLEAN STAR SERVICES OF CFL INC.	50.00 000215
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/08/26 00004 12/17/25 5295292	202512 310-51300-31100	*	330.00
ENGINEERING SRVCS-NOV25
HANSON WALTER & ASSOCIATES INC	330.00 000216
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/26 00018	1/12/26 01122026 202601 300-20700-10000	*	13,452.85
11.21 FY26 ASSESSMENTS
1/12/26 01122026 202601 300-20700-10000	*	319,199.57
12.12 FY26 ASSESSMENTS
1/12/26 01122026 202601 300-20700-10000	*	18,354.34
12.22 FY26 ASSESSMENTS
1/12/26 01122026 202601 300-20700-10000	*	3,089.32
01.12 FY26 ASSESSMENTS
PRESTON COVE CDD C/O US BANK	354,096.08 000217
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/20/26 00023	1/01/26 187015	202601 320-53800-46100	*	11,000.00
JAN LANDSCAPE MAINTENANCE
BLADE RUNNERS COMMERCIAL	11,000.00 000218
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
82	202512 320-53800-34100	*	1,351.92
DEC25 FIELD MANAGEMENT
82	202512 330-53800-12000	*	884.08
OCT25 AMENITY ACCESS
82	202512 330-53800-12000	*	884.08
NOV25 AMENITY ACCESS
82	202512 330-53800-12000	*	884.08
DEC25 AMENITY ACCESS
84	202512 320-53800-34100	*	1,351.92
JAN26 FIELD MANAGEMENT
84	202512 330-53800-59200	*	3,925.00
ALL RITE FENCE INSTALL
84	202512 330-53800-12000	*	884.08
JAN26 AMENITY ACCESS
85	202601 310-51300-34000	*	3,433.33
JAN26 MANAGEMENT FEES
PRCO PRESTON COVE	AMOSSING
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/18/26	PAGE	2
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	PRESTON COVE-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

PRCO PRESTON COVE	AMOSSING

!!"#$%& II

Preston Cove
Community Development District

Unaudited Financial Reporting
January 31, 2026
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
Preston Cove
Community Development District Combined Balance Sheet
January 31, 2026

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

$	308,808
$	-
$	-
$	258,526
$	-
$	-
$	-
Reserve	$	-	$	670,238	$	-	$	670,238			
Revenue	$	-	$	401,180	$	-	$	401,180			
Capitalized Interest	$	-	$	15	$	-	$	15		
Sinking Fund	$	-	$	-	$	-	$	-		
Construction	$	-	$	-	$	61,639	$	61,639		
Cost of Issuance	$	-	$	-	$	-	$	-		
Total Assets	$	567,334	$	1,071,433	$	61,639	$	1,700,405		
Liabilities:					
Accounts Payable	$	5,326	$	-	$	-	$	5,326		
Due to Debt Service	$	-	$	-	$	-	$	-		
Due to Developer	$	-	$	-	$	-	$	-		
Due to Capital Projects	$	-	$	-	$	-	$	-		
Due to General Fund	$	-	$	-		$	-		
Developer Advance	$	-	$	-	$
$	-	$	-
-		
Total Liabilites	$	5,326	$	-	$	-	$	5,326		

Fund Balance:					
Assigned For:					
Debt Service - Series 2022	$	-	$	1,071,433	$	-	$	1,071,433		
Restricted For:					
Capital Projects - Series 2022	$	-	$	-	$	61,639	$	61,639	
Unassigned	$	562,008	$	-	$	-	$	562,008	
Total Fund Balances	$	562,008	$	1,071,433	$	61,639	$	1,695,079	
					
Total Liabilities & Fund Balance	$	567,334	$	1,071,433	$	61,639	$	1,700,405	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Adopted	Prorated Budget	Actual		
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:					
Assessments - On Roll	$	388,556	$	366,036	$	366,036	$	-	
Assessments - Direct	$	53,573	$	26,747	$	-	$	(26,747)	
Interest - SBA	$	-	$	-	$	3,561	$	3,561	
Developer Contributions	$	243,860	$	-	$	-	$	-	
Total Revenues	$	685,989	$	392,783	$	369,598	$	(23,186)	

Expenditures:					
General & Administrative: 					
Supervisor Fees	$	12,000	$	4,000	$	-	$	4,000	
FICA Expense	$	918	$	306	$	-	$	306	
Engineering	$	15,000	$	5,000	$	3,300	$	1,700	
Attorney	$	25,000	$	8,333	$	8,332	$	1	
Annual Audit	$	4,300	$	4,300	$	-	$	4,300	
Assessment Administration	$	5,732	$	5,732	$	5,732	$	-	
Arbitrage	$	450	$	450	$	-	$	450	
Dissemination	$	5,408	$	1,803	$	1,803	$	(0)	
Trustee Fees	$	4,500	$	1,684	$	1,684	$	-	
Management Fees	$	41,200	$	13,733	$	13,733	$	0	
Information Technology	$	1,947	$	649	$	649	$	(0)	
Website Maintenance	$	1,298	$	433	$	433	$	(0)	
Telephone	$	300	$	100	$	-	$	100	
Postage & Delivery	$	800	$	267	$	38	$	229	
Insurance	$	6,456	$	6,456	$	6,163	$	293	
Printing & Binding	$	700	$	233	$	-	$	233	
Legal Advertising	$	8,000	$	2,667	$	476	$	2,191	
Other Current Charges	$	2,200	$	733	$	209	$	525	
Office Supplies	$	500	$	167	$	2	$	165	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	136,883	$	57,220	$	42,727	$	14,493	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Adopted	Prorated Budget	Actual		
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Operation and Maintenance 						

Field Expenses						
Field Management		$	16,223	$	5,408	$	5,408	$	(0)	
Landscape Maintenance		$	140,000	$	46,667	$	44,000	$	2,667	
Landscape Contingency		$	16,590	$	5,530	$	17,222	$	(11,692)	
Lake Maintenance		$	13,000	$	4,333	$	3,800	$	533	
Streetlights		$	93,900	$	31,300	$	131	$	31,169	
Electric		$	5,000	$	1,667	$	-	$	1,667	
Water & Sewer		$	3,000	$	1,000	$	1,415	$	(415)	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	
Irrigation Repairs		$	6,000	$	2,000	$	1,329	$	671	
Irrigation - Usage		$	30,000	$	10,000	$	19,001	$	(9,001)	
General Repairs & Maintenance		$	20,000	$	6,667	$	-	$	6,667	
Contingency		$	6,273	$	2,091	$	-	$	2,091	
	Subtotal	$	349,986	$	116,662	$	92,306	$	24,356	

Amenity Expenses						
Staffing		$	75,000	$	25,000	$	3,536	$	21,464	
Property Insurance		$	20,000	$	20,000	$	6,930	$	13,070	
Amenity-Electric		$	15,000	$	5,000	$	820	$	4,180	
Amenity-Water		$	6,000	$	2,000	$	671	$	1,329	
Dues, License, Permits		$	500	$	167	$	-	$	167	
Cable/Internet		$	2,400	$	800	$	-	$	800	
Pest Control		$	720	$	240	$	-	$	240	
Janitorial Services		$	12,000	$	4,000	$	1,556	$	2,444	
Security Services		$	5,000	$	1,667	$	6,416	$	(4,750)	
Pool Maintenance		$	20,000	$	6,667	$	5,625	$	1,042	
Amenity Repairs & Maintenance		$	15,000	$	5,000	$	-	$	5,000	
Special Events		$	7,500	$	2,500	$	-	$	2,500	
Holiday Decorations		$	10,000	$	3,333	$	-	$	3,333	
Amenity Contingency		$	10,000	$	3,333	$	3,925	$	(592)	
	Subtotal	$	199,120	$	79,707	$	29,479	$	50,227	
						
Total O&M Expenses:		$	549,106	$	196,369	$	121,785	$	74,583	
						
Total Expenditures		$	685,989	$	253,589	$	164,513	$	89,076	
						
Excess Revenues (Expenditures)		$	(0)		$	205,085		
						
Fund Balance - Beginning		$	-		$	356,923		
						
Fund Balance - Ending		$	(0)		$	562,008		
Preston Cove
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Adopted	Prorated Budget	Actual		
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:					
Assessments - On Roll	$	670,238	$	354,096	$	354,096	$	-	
Assessments - Direct	$	-	$	-	$	-	$	-	
Interest	$	15,000	$	1,250	$	9,741	$	8,491	
Total Revenues	$	685,238	$	355,346	$363,837	$	8,491	

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)	$	-	$	-	$	(7,833)	$	(7,833)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(7,833)	$	(7,833)	
					
Excess Revenues (Expenditures)	$	14,599		$	138,185		
					
Fund Balance - Beginning	$	266,799		$	933,247		
					
Fund Balance - Ending	$	281,398		$	1,071,433		
Preston Cove
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Adopted	Prorated Budget	Actual		
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:

Interest	

$	

-	$	

-	$	657	

$	657	
Total Revenues	$	-	$	-	$	657	$	657	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

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

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	7,833	$	7,833	
Total Other Financing Sources (Uses)	$	-	$	-	$	7,833	$	7,833	
					
Excess Revenues (Expenditures)	$	-	$	8,490		
					
Fund Balance - Beginning	$	-	$	53,149		
					
Fund Balance - Ending	$	-	$	61,639		
Preston Cove
Community Development District Month to Month

Revenues:							
Assessments-On Roll		$	-	$	18,801	$	343,474	$	3,761	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  366,036	
Assessments-Direct		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Interest - SBA		$	970	$	872	$	869	$	850	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,561	
Developer Contributions		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Revenues		$	970	$	19,673	$	344,344	$	4,611	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  369,598	

Expenditures:							
General & Administrative: 							
Supervisor Fees		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering		$	-	$	-	$	3,300	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,300	
Attorney		$	-	$	2,482	$	5,851	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	8,332	
Annual Audit		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration		$	5,732	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,732	
Arbitrage		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination		$	451	$	451	$	451	$	451	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,803	
Trustee Fees		$	1,684	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,684	
Management Fees		$	3,433	$	3,433	$	3,433	$	3,433	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,733	
Information Technology		$	162	$	162	$	162	$	162	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	649	
Website Maintenance		$	108	$	108	$	108	$	108	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	433	
Telephone		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery		$	6	$	6	$	4	$	22	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	38	
Insurance		$	6,163	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,163	
Printing & Binding		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising		$	196	$	279	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	476	
Other Current Charges		$	48	$	64	$	48	$	48	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	209	
Office Supplies		$	0	$	0	$	0	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2	
Dues, Licenses & Subscriptions		$	-	$	175	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:		$	17,984	$	7,160	$	13,357	$	4,226	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	42,727	

Operation and Maintenance 							

Field Expenses
Field Management		

$	1,352	

$	1,352	

$	1,352	

$	1,352	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,408	
Landscape Maintenance		$	11,000	$	11,000	$	11,000	$	11,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	44,000	
Landscape Contingency		$	-	$	13,989	$	3,233	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	17,222	
Lake Maintenance		$	950	$	950	$	950	$	950	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,800	
Streetlights		$	131	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	131	
Electric		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Water & Sewer		$	226	$	286	$	479	$	425	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,415	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs		$	-	$	-	$	1,329	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,329	
Irrigation - Usage		$	3,278	$	4,133	$	4,184	$	7,406	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	19,001	
General Repairs & Maintenance		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency		$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
	Subtotal	$	16,937	$	31,709	$	22,527	$	21,133	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	92,306	
Preston Cove
Community Development District Month to Month

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

$	884  $
$	6,930  $
$	-  $
$	159  $
$	-  $
$	-  $
$	-  $
$	50  $
$	6,101  $
$	1,350  $
$	-  $
$	-  $
$	-  $
$	-  $

884  $
-  $
-  $
169  $
-  $
-  $
-  $
50  $
-  $
1,350  $
-  $
-  $
-  $
-  $

884  $
-  $
-  $
171  $
-  $
-  $
-  $
50  $
315  $
1,350  $
-  $
-  $
-  $
3,925  $

884  $
-  $
820  $
171  $
-  $
-  $
-  $
1,406  $
-  $
1,575  $
-  $
-  $
-  $
-  $

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

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

-  $	3,536
-  $	6,930
-  $	820
-  $	671
-  $	-
-  $	-
-  $	-
-  $	1,556
-  $	6,416
-  $	5,625
-  $	-
-  $	-
-  $	-
-  $	3,925

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	
12/12/25		$  643,997.65	$	-	$	-	$	-	$	643,997.65	$ 324,798.08	$	319,199.57	$ 643,997.65	
12/22/25		$	37,030.61	$	-	$	-	$	-	$	37,030.61	$  18,676.27	$	18,354.34	$  37,030.61	
1/12/26		$	6,232.82	$	-	$	-	$	-	$	6,232.82	$	3,143.50	$	3,089.32	$	6,232.82	
1/30/26		$	617.67	$	-	$	-	$	-	$	617.67	$	617.67	$	-	$	617.67	
						$	-	$	-	$	-	$	-	
	Total	$  720,132.48	$	-	$	-	$	-	$	720,132.48	$ 366,036.40	$	354,096.08	$ 720,132.48	

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			

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