Preston Cove Community Development District Meeting Agenda April 20, 2026 April 10, 2026 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 Monday, April 20, 2026 at 10:00 AM at 8 Broadway, Suite 104, Kissimmee, Florida 34741. Following is the advance agenda for the meeting: 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Appointment of Individual to Fulfill Board Vacancy in Seat #5 B. Administration of Oath of Office to Newly Appointed Board Member C. Consideration of Resolution 2026-04 Electing an Assistant Secretary 4. Approval of Minutes of the March 26, 2026 Board of Supervisors Meeting 5. Ratification of License Agreement with D.R. Horton, Inc. 6. Consideration of Resolution 2026-06 Approving the Proposed Fiscal Year 2027 Budget and Setting a Public Hearing 7. Staff Reports A. Attorney B. Engineer C. District Manager’s Report i. Check Register ii. Balance Sheet and Income Statement D. Field Manager’s Report 8. Other Business 9. Supervisors Requests 10. 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 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 Development 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 20th day of April, 2026. ATTEST: PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT Secretary / Assistant Secretary Chairperson, Board of Supervisors 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, March 26, 2026 at 9:00 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 Christian Waugh District Counsel Mark Vincutonis District Engineer Jarett Wright Field Manager, GMS Ashley Hilyard GMS Michael Candiotti Developer Counsel James Visconti Elevation Development FIRST ORDER OF BUSINESS Roll Call Mr. LeBrun called the meeting to order at 9:00a.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 A. Appointment of Individual to Fulfill Board Vacancy with a Term Ending November 2027 B. Administration of Oath of Office to Newly Appointed Board Member C. Consideration of Resolution 2026-04 Electing Assistant Secretary Mr. LeBrun stated if the Board wanted to appoint someone to that vacant seat they have the opportunity to do that at this time. If the Board has no nominations the vacancy can be pushed to the next meeting. The Board made nominations and Mr. LeBrun noted this item would be tabled to a future meeting agenda. FOURTH ORDER OF BUSINESS Approval of Minutes of the February 26, 2026 Board of Supervisors Meeting Mr. LeBrun presented the minutes from the February 26, 2026 Board of Supervisors meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, the Minutes of the February 26, 2026 Board of Supervisors Meeting, were approved. FIFTH ORDER OF BUSINESS Consideration of Resolution 2026-05 Appointing an Assistant Treasurer Mr. LeBrun stated Resolution 2026-05 will add Alison Mossing as an Assistant Treasurer. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, Resolution 2026-05 Appointing Alison Mossing as Assistant Treasurer, was approved. SIXTH ORDER OF BUSINESS Consideration of Security Services Agreement with Nation Security Mr. Wright stated Nation Security has been providing security services for most unmanned facilities, particularly during periods like summer and spring break when issues such as unauthorized visitors, fence hopping, and homelessness increase. Recently, security doors were installed in bathrooms, which has temporarily reduced some problems. However, the neighboring Crossings community still faces security challenges, including vandalism of security equipment. The team is considering options for security coverage, including weekends only (about $500 per weekend, totaling $26,000 annually) or daily coverage (about $7,000 per month, $90,000 annually). Full daily coverage is deemed unnecessary, particularly in winter when facility usage drops. The frequency and timeframe for security services are open for discussion and will determine the final agreement proposal. He stated he would at least cover the summers. He stated that guards and additional off-duty police officers are being deployed to the Crossings area to address ongoing security issues. However, those causing problems will likely realize that increased security makes it unfeasible for them to continue their activities there, prompting them to seek alternative locations. To maintain safety, the recommendation is to ensure there is at least some form of on-site security presence, especially during vulnerable periods. Mr. Khanani asked if this would be on the weekends or is it every day. Mr. Wright noted the proposal to begin security services covers the weekends, with the flexibility to expand coverage as needed. The starting contract will specify initial terms and increases can be made with the Chair's approval without requiring repeated Board actions. Mr. LeBrun noted adequate funding is available in the budget to support these adjustments. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, Security Services Agreement with Nation Security on the weekends with the ability to increase as needed, was approved. SEVENTH ORDER OF BUSINESS Ratification of Engagement Letter with Waugh PLLC to Provide Legal Services as Interim Counsel Mr. LeBrun asked for a motion to approve ratification of the engagement letter with Waugh PLLC to serve as interim legal counsel. Waugh PLLC was previously appointed by the Board last month and this provides formal ratification of that decision. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, the Engagement Letter with Waugh PLLC to Provide Legal Services as Interim Counsel, was ratified. EIGHTH ORDER OF BUSINESS Ratification of Revised Escrow Agreement The Board discussed updates to the Escrow Agreement following the previous meeting. Although the agreement was initially subject to legal review and not finalized, some minor revisions have since been made. Mr. LeBrun stated the most significant change is the updated Engineer's Certificate, which has resulted in substantially higher escrow amounts for the District to consider. He noted that the amount now is $627,918 for the trails and $200,000 for the punch. He stated that the escrow process is standard practice, commonly used in various types of transactions, and they have no legal concerns regarding its application in this arrangement. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, the Revised Escrow Agreement, was ratified. NINTH ORDER OF BUSINESS Review and Acceptance of Fiscal Year 2025 Audit Report Mr. LeBrun stated the District undergoes an annual independent third-party audit as required by Florida statutes. This year the auditor provided a clean audit report with no findings, confirming the District complied with all material requirements for the fiscal year ending September 30, 2025. Mr. LeBrun reviewed the auditor's letter in the electronic agenda and asked to approve the audit and authorize staff to transmit it to the state. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, Acceptance of Fiscal Year 2025 Audit Report and Authorizing Staff to Transmit the Fiscal Year 2025 Audit Report to the state, was approved. TENTH ORDER OF BUSINESS Staff Reports A. Attorney Mr. Waugh had nothing to report. B. Engineer Mr. Vincutonis had nothing additional to report. C. District Manager’s Report i. Check Register Mr. LeBrun presented the check register, checks 222 through 232 totaling $184,805.17. A large amount of that is a transfer to the District’s investment SBA account, which is investing the surplus funds so it earns interest. He noted that’s why the $150,000 of that is transferred into the SBA account that the Board previously approved and opened. ii. Balance Sheet and Income Statement On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, the Check Register was approved. Mr. LeBrun stated the balance sheet and income statement is through February 28, 2026. No action is required from the Board. D. Field Manager’s Report Mr. Wright stated the landscape maintenance will return to weekly service starting next week. The landscaper is working on entrance redesigns to address frost-damaged plants, and removal of damaged materials will take place before the next meeting. Proposals for these updates are expected to be available for review at the next meeting. ELEVENTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. TWELFTH ORDER OF BUSINESS Supervisors Requests There being no comments, the next item followed. THIRTEENTH ORDER OF BUSINESS Adjournment Mr. LeBrun asked for a motion to adjourn the meeting. On MOTION by Mr. Khanani, seconded by Mr. Roth, with all in favor, the meeting was adjourned. Secretary/Assistant Secretary Chairman/Vice Chairman RESOLUTION 2026-06 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Preston Cove Community Development District (“District”) prior to June 15, 2026, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2026/2027”); and WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT: 1. PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget. 2. SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location: DATE: June 25, 2026 HOUR: 9:00 a.m. LOCATION: Offices of Hanson, Walter & Associates, Inc. 8 Broadway, Suite 104 Kissimmee, FL 34741 3. TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general-purpose governments at least 60 days prior to the hearing set above. 4. POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days. 5. PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law. 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. 7. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 20th DAY OF APRIL, 2026. ATTEST: PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT _____________________________ Secretary / Assistant Secretary Chair/Vice Chair, Board of Supervisors Exhibit A: FY 2026/2027 Proposed Budget Exhibit A FY 2026/2027 Proposed Budget [See attached] Preston Cove Community Development District Summary of Check Register March 01, 2026 through March 31, 2026 Fund Date Check No.'s Amount General Fund 3/10/26 3/31/26 233 - 238 239 - 242 19,449.38 $ $ 8,245.84 Total Amount $ 27,695.22