August 18, 2025 Board of Supervisors Tohoqua Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of Tohoqua Community Development District will be held Wednesday, August 25, 2025 at 1:00 PM at the Tohoqua Amenity Center, 1830 Fulfillment Drive, Kissimmee, Florida 34744. Following is the advance agenda for the meeting: Board of Supervisors Meeting 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Acceptance of Resignation of Supervisor Wrenn, Seat 4 B. Appointment of Individual to Fill Vacant Seat 4 C. Administration of Oath of Office to Newly Appointed Supervisor D. Consideration of Resolution 2025-10 Electing Officers 4. Approval of Minutes of the May 7, 2025 Board of Supervisors Meetings 5. Consideration of Resolution 2025-11 Ratifying the Resetting the Date, Time and Location of the Fiscal Year 2026 Budget Public Hearing 6. Public Hearing A. Consideration of Resolution 2025-12 Adopting Fiscal Year 2026 Approved Budget and Appropriating Funds B. Consideration of Resolution 2025-13 Imposing Special Assessments and Certifying Assessment Roll 7. Consideration of Resolution 2025-14 Conveyance of Real Property and Improvements From Pulte Home Company, LLC 8. Consideration of Resolution 2025-15 Ratifying Conveyance of Phase 8A Outfall Tract to the CDD from Pulte 9. Presentation of Fiscal Year 2024 Financial Audit Report 10. Presentation of Series 2021 Arbitrage Rebate Reports- Phase 2 and 4A/5A Projects 11. Ratification of Series 2024 Phase 7 Requisition No. 2- 3 12. Staff Reports A. Attorney B. Engineer i. Consideration of Amendment 1 to Engineering Services Agreement C. Field Manager’s Report i. Consideration of Fiscal Year 2026 Agreement Renewals a. United Land Services & Addendums (4C, 4C Amenity, 8A & 8B) b. Sunshine Land Management ii. Consideration of Proposals for Commercial Pool Maintenance D. Amenity Manager’s Report E. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement iii. Approval of Fiscal Year 2026 Meeting Schedule iv. District Goals and Objectives a. Adoption of Fiscal Year 2026 Goals & Objectives b. Presentation of Fiscal Year 2025 Goals & Objectives Authorizing Chair to Execute 13. Other Business 14. Supervisor Requests 15. Adjournment RESOLUTION 2025-10 A RESOLUTION ELECTING THE OFFICERS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, OSCEOLA COUNTY, FLORIDA. WHEREAS, the Tohoqua 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 TOHOQUA 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 ________________________ PASSED AND ADOPTED this _____ day of _________, 2025. ATTEST: TOHOQUA COMMUNITY DEVELOPMENT DISTRICT _______________________________ Secretary/Assistant Secretary Chairperson, Board of Supervisors MINUTES OF MEETING TOHOQUA COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Tohoqua Community Development District was held on Wednesday, May 7, 2025 at 9:00 a.m. at Tohoqua Amenity Center, 1830 Fulfillment Drive, Kissimmee, Florida. Present and constituting a quorum: Andre Vidrine Chairman Asif Qureshi Assistant Secretary Terry Knight Assistant Secretary Also present were: George Flint District Manager Kristen Trucco District Counsel Stephen Saha by phone District Engineer Alan Scheerer Field Manager Chris Horter GMS Marcia Calleja CALM FIRST ORDER OF BUSINESS Roll Call Mr. Flint called the meeting to order at 9:00 a.m. and called the roll. A quorum was present. SECOND ORDER OF BUSINESS Public Comment Period Mr. Flint: Next is the public comment period. Are there any members of the public that would like to provide comment to the Board on anything on the agenda or anything that you would like to bring to the Board's attention? I don’t hear any public comments at this time. THIRD ORDER OF BUSINESS Approval of Minutes of the March 3, 2025 Board of Supervisors Meeting Mr. Flint: Next is the approval of the minutes of the March 3, 2025 Board of Supervisors meeting. Did the Board have any comments or corrections to the minutes? Mr. Vidrine: No. Mr. Flint: We need a motion to approve them. On MOTION by Mr. Qureshi seconded by Mr. Vidrine with all in favor the Minutes of the March 3, 2025 Board of Supervisors Meeting were approved as presented. FIFTH ORDER OF BUSINESS Consideration of Resolution 2025-08 Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt Mr. Flint: Item four is consideration of Resolution 2025-08, approving a Proposed Budget and setting the public hearing. The budget process for the CDD is a two-step process. The first step is to approve a Proposed Budget, which is not binding on the Board. It's really the start of the budget process and you set the date, place and time of the public hearing, where the budget would actually be adopted. I apologize for the lateness of getting the Proposed Budget out to you. It is a pretty complicated budget and it took a little bit extra time to get the Proposed Budget together. According to the resolution in your agenda, we're recommending your August 6th meeting at 9:00 a.m. in this location for the actual hearing, where you would consider adoption of the budget. The fiscal year starts on October 1st. Attached to this resolution is Exhibit A, which was sent out to you by email and was loaded onto the iPads. We're not recommending any adjustments at this point to your assessment levels for the properties within the District. But I will note, we show in the budget that we're balancing the budget with carry forward. You do have adequate carry forward to be able to do this and still maintain more than a three-month operating reserve. So, normally what we do, is we look at your projected cash at the end of the current year and back out three months of operating reserve, look at the balance and then make a determination of whether you have the ability to use some of that cash to balance the budget. You could move that cash to your capital reserve or carry it forward in your General Fund. But since we are still building out the balance of the community, you still have Phase 8, the last phase, which they're just starting now and I think it makes sense to wait until all the dust settles on that. I'm going to recommend we bid out the landscaping contract, as that is the single biggest expense in your budget. The result of that may be that there are savings that would offset any necessary increase. Also, as we firm up your other line items, we will have a better idea of where we stand at the end of Fiscal Year (FY) 2026. So, at this point, we believe that it makes sense to balance the budget. We also have some expenses in here that are for a full year. We know that we're not going to have a full year of those expenses because Phase 8 is included in here. So, it makes sense to balance with the carry forward at this point, unless the Board feels differently. If there was to be a proposed increase in this budget, there would be a mailed notice, letting everybody know that. But since there isn't, you'll have a public hearing in August, which will be advertised in accordance with the Statutes and we'll go from there. You will see that your Administrative expenses are basically flat in total and we are asking for a 3% increase in the line items associated with District management. We've adjusted some of the other line items down to compensate for that increase. You're not approving that increase today. Again, this is a Proposed Budget and if it's adopted with those adjustments in August, those would go into effect. Under Contractual Services, we've adjusted the Landscape Maintenance number and we have some detailed information in the narrative showing that. But this is intended to cover all of the phases through build-out. There are some adjustments, as United was asking for an increase in some of their existing phases and it also includes everything through Phase 8. Again, I think we need to bid that contract out. So, as the community has been developing and new phases have been added, we've been amending the budget. I think contractors have a tendency in that scenario, as the price ends up getting a little out of whack where it needs to be, if you bid the whole thing together. It keeps everybody honest. I think that's the primary change in that first section. The next section is Repairs & Maintenance, which has actually gone down a little bit. We also had a line item for Stormwater Inspections, which is done in accordance with the bond indenture and is expended under the Engineering line item up in the Administrative section, so there's no need to have a separate line item for that. Utilities have increased by about $15,000. Again, these are all estimates and we'll know better once we start getting all of the landscaped areas online. A lot of the increases in these sections, was for the Phase 4C amenity, that will be coming on in the next month or so. So, you will see some adjustments in the Pool Attendants line item, as well as Pool Cleaning, Janitorial and Utilities. The majority of those adjustments that you see in the budget, are anticipated to address the new amenity facility coming online. We've increased the Special Events budget from $25,000 to $35,000. We also increased the revenue line associated with that, assuming a 50% recovery of those costs. So, you'll see that the revenue line is $17,500. Our goal would be that for those special events that we hold, to recover 50% of the expense through admissions. That's really in a nutshell, the Proposed Budget. Again, this is the start of the budget process. You're not writing anything in stone today by approving this, but it allows us to transmit this to the City of St. Cloud and Osceola County, at least 60 days before your budget hearing. They have the ability to comment on it, but they don't have any approval authority. The 20 plus years I've been managing CDDs, I've never received a comment from a local government. It’s just part of the statutory process we have to follow. It kind of drives the timeframes for when your public hearing will be. Are there any questions on the Proposed Budget? Feel free to get with us after the meeting, between this meeting and the next meeting, with any comments or questions and we can address those. Mr. Qureshi: George, I just have one quick question. I noticed that in Hurricane Cleanup, the actual through 3/31/25, you’re showing $22,318. But we are not projecting anything for the Proposed Budget in 2026. Mr. Flint: Yeah, you can't predict if there's going to be a hurricane or not. The likelihood is there isn't, but you always need to plan in the event that there is one. Mr. Qureshi: Right. Mr. Flint: But my thought on that, is we didn't have a budget in the current year for the cleanup. Mr. Qureshi: Right. Mr. Flint: Typically, that would be a Contingency item. We have $25,000 in the Contingency line item and you're also going to have some savings in your other line. So, rather than building that as an ongoing cost into your budget every year and having to fund that through assessments, it's typically something that you would handle in a contingency. Mr. Qureshi: That’s good. Mr. Flint: Depending on how bad the damage is, we have insurance coverage. We also have the ability to apply for FEMA grants. It didn't rise to the level of needing to do this, but a lot of these expenses have to do with straightening trees and debris removal. Mr. Qureshi: Right. Mr. Flint: There are FEMA grants for debris removal, but this didn't rise to the level of going through that bureaucratic morass, to try to get that money. Sometimes it takes a decade to get those things closed out. Mr. Vidrine: One of the reasons that we work with GMS, from the management company side and the city management side, is that you eliminate two different management styles and costs moving around. The other reason we do it, is that we're pretty conservative when we started up the CDD. A lot of other places will have higher dues, but we wanted reasonable dues. We initially try and front load a little bit of a safety net, because you don't know what is going to develop. So, it doesn't surprise me that we have a little bit of extra cushion in there, to not raise the fees right now. That's exactly what you're going to do. I've done several CDDs with these folks and this is pretty standard. My personal opinion is this a very stable community. I'm seeing in the finances where it's a $1 million plus budget and they're pretty close to budget. So, they're taking the time to think their way through it. I agree with George, that the contractor comes in kind of low, they get a big project and then over time they start nipping at you. Then there's no competition and before long, they get comfortable. So, I totally agree with bidding it out. I think that's going to probably provide some savings, I speculate. So, this is great. This is what we want. So, thank you. Mr. Flint: Okay. If there are no other questions or discussion, is there a motion to approve Resolution 2025-08? On MOTION by Mr. Vidrine seconded by Mr. Knight with all in favor Resolution 2025-08 Approving the Proposed Budget for Fiscal Year 2026 and Setting the Public Hearing for August 6, 2025 at 9:00 a.m., at this location was adopted. Mr. Flint: Alright. So, we will have the hearing in August for the final consideration of this and we'll continue to refine it between now and then. FIFTH ORDER OF BUSINESS Consideration of Resolution 2025-09 Conveyance of Real Property and Improvements from Lennar Homes, LLC. Mr. Flint: Item 5 is Resolution 2025-09, dealing with the conveyance of real property improvements from Lennar. Kristin? Ms. Trucco: Good morning, Board Members. You've seen this form of resolution before. This is our standard form with our set of conveyance documents, in order to convey real property and infrastructure improvements from the developer to the CDD, once those improvements have been constructed and once the property has received all of the sign-offs and approvals necessary from the applicable governmental entities, such as the Water Management District, the county signing off that the properties and the infrastructure have been constructed in accordance with the plans, etc. We've been put on notice that the real property tracks in Phase 7, that are noted on the plat as to be conveyed to the CDD, are completed and ready to be conveyed. So, the first step in our conveyance process, is to bring this resolution to the Board, to authorize us to begin our diligence items, in order to provide sign-off on the actual conveyance of the real property tracks and the improvements from the developer to the CDD. This resolution is going to approve the conveyance documents attached as Exhibit A, that includes a Special Warranty Deed, which is going to actually convey the real property tracts from the developer to the CDD. You can see those listed out in the exhibit on Page 57. For example, the exhibit to the Special Warranty Deed, shows all of the actual tracks that are coming to the CDD. Those include recreation tracks, at P-1 and P-2, stormwater contracts for SWP-1 through SWP-3 and open space tracks 1 through 6. Also, the improvements that are located on those real property tracks, will be conveyed to the CDD by a Bill of Sale. But those are also noted in our conveyance documents. So, those will be confirmed with the District Engineer, but you can see a preliminary list right now, attached to the Bill of Sale. This Bill of Sale starting on Page 58, will convey those infrastructure improvements from the developer to the CDD. Then on Page 63, there's an Owner's Affidavit, which is assurance from the developer, Lennar Homes LLC., that there are no encumbrances on the property that will prohibit the CDD from owning and maintaining those in accordance with the plans for the CDD. Starting on Page 67, is our Agreement Regarding Taxes, which was a contract that the developer was required to sign. Basically, it is assurance that there are no outstanding taxes on the real property tracks. Once the CDD owns those tracts, we're exempt from real property tax. But up until this point, if there are any outstanding taxes, the developer would be responsible for those under this Agreement Regarding Taxes. I'll also add that we order title work as part of District Counsel diligence, before we sign off on a conveyance, to confirm that there are no liens or outstanding mortgages and no outstanding taxes. So, we won't sign up on this conveyance until we can confirm that too. Then finally there's the Certificate of District Engineer which is included on Page 72. This is actually a requirement in your bond documents, assurance from the engineer that the improvements on the real property tracks were constructed and completed in accordance with the plan specifications and contracts and that the improvements were properly permitted by the appropriate governmental entities. It is also just assurance that these particular tracks are intended to come to the CDD and that the conveyance is consistent with the development plans, which in this case, was for Phase 7. What I would recommend today, is a motion to approve Resolution 2025-09, which will authorize us to proceed with the conveyance and getting sign-off on the conveyance documents by your Chairman. It will all be subject to staff sign-off. So, I'm not going to sign off on it and record the deed, until we're comfortable. We've ordered the title work and the District Engineer is required to sign that certificate and we'll get the District Manager's approval on it as well. Mr. Vidrine: So, we're starting the process, but today is not the day that we’re signing it. Ms. Trucco: Well, this resolution is going to approve the conveyance, but you can make it subject to staff sign-off. Mr. Vidrine: Okay. Ms. Trucco: That's what we typically see and what we're recommending in this situation. Are there any questions on the conveyance itself or the resolution? Mr. Vidrine: No. Ms. Trucco: We need a motion to approve Resolution 2025-09, approving the Conveyance Documents in substantial final form subject to staff sign-off. On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor Resolution 2025-09 Approving the Conveyance of Real Property and Improvements from Lennar Homes, LLC. in substantial final form subject to staff sign-off was adopted. Mr. Flint: There are still some punch list items in Phase 7 that we want to make sure you get taken care of before we officially accept it. Mr. Vidrine: That's why I asked. Because we need to get the paperwork started and this process approved. Ms. Trucco: I believe that the stormwater collection system in Phase 7, including the Bill of Sale, is complete and it's been certified complete. So, we may be in a situation where we might parse that out. Mr. Vidrine: That’s fine. Ms. Trucco: If the other tracks are not ready and the punch list items aren't there for that, then we're going to hold that. But if we get the District Engineer sign-off on the stormwater collection system, then we won't have an objection proceeding with that, unless there's an objection from the Board. But again, everything is subject to staff sign-off. Mr. Flint: There's a walkthrough on Tuesday on the stormwater collection system. Mr. Scheerer: The ponds are good, have been certified complete and have been approved by the engineer for the two ponds in Phase 7 that were recently done. But there are some landscape issues that we're going to address on Tuesday the 13th, along with some other issues out here. Everything hopefully will be done by next week. Mr. Flint: On the stormwater collection system. Mr. Scheerer: Yeah, it's the landscaping and some of the park areas, as well as some of the open space tracks. Mr. Vidrine: There are some tracks that they have been working on for a while. We're not going to accept it until it's done. At the same time, it has to be maintained, so it doesn't get burned up. We're also dealing with construction on Neptune Road. That irrigation's a real pain. They’ve been chasing their tail to try and keep the water out. It's challenging. What I typically see, is it goes in, then it gets a little rough looking and the houses are going up everywhere. As it starts to move through, then everything starts filling in greener and lusher. In between that, sometimes you have a little replacement. I don't love it. It's just kind of the nature of construction, but I like where they are. They know how thorough and anal I am. SIXTH ORDER OF BUSINESS Consideration of Conveyance of Property from Pulte Home Company, LLC. Mr. Flint: Item six is the conveyance of property from Pulte Home Company, LLC., which we don't have a resolution for. But I think you wanted to introduce this. Ms. Trucco: Yes, I did. The reason we don't have a resolution; it came in last Wednesday and I didn't have time to do the formal resolution. But you just saw basically our standard resolution for anything that's conveyed to the CDD. We go through that process prior to any deed being approved. So, what this is basically, we were put on notice that Pulte Homes had inadvertently been conveyed this small strip of land, which is an existing ditch that's already been certified complete by the Water Management District, which outfalls into the stormwater pond. You can see that pond on the map on Page 78, which is pretty helpful. You can see the tract highlighted in yellow, which is adjacent to the K8 school site. This is an outfall drainage ditch trap, that's going to drain water into the existing stormwater pond that will be owned by the CDD. It seems right now, based on our review, that this should be conveyed to the CDD. The CDD also has an interest in owning it, if it's draining into the pond that the CDD is responsible for maintaining and which the CDD has or will have the permit for, as well, for the Water Management District. So, this is basically the request that had come in. We still need to run it past the District Engineer, as well as GMS and Alan have to do their walkthroughs, to make sure that everyone agrees that that piece should be conveyed to the CDD. Basically, I wanted to bring this to your attention, since this was a request that came in. What you can do, is approve this concept, but final sign-off is subject to staff being comfortable and providing their sign-off. So, we would go through the same process and require the same documents as you just saw in Resolution 2025-09. Meaning there's going to be a deed, an Agreement Regarding Taxes, Owner's Affidavit, the engineer is going to have to sign-off that the tract received all the necessary permits, etc. and that the CDD is intended to only maintain that. The developer, Pulte will have to do a walkthrough with GMS to identify anything that they need to repair before we would approve an actual deed. We would also go through the process of ordering title work, to make sure there are no liens, encumbrances, mortgages outstanding taxes, etc. on that property. Mr. Vidrine: We definitely want this ditch. This is part of the final conveyance to the property, which drains from Neptune Road through the project and it gets down to the very end. After it's been treated and everything, then it will get to the wetland system in the lake. This little ditch is one of those major outfalls for the whole system. You want to control your destiny and where your water goes. So, we definitely want the track. Mr. Flint: Do you want the Board to just approve Resolution 2025-10? Would you want to document it that way and then you can prepare the resolution? Ms. Trucco: Actually, that's a great idea. Then we'll just have it for ratification. If you're comfortable with that today, basically what George is proposing, is that you approve Resolution 2025-10, approving the conveyance of the ditch piece here, the outfall piece to the CDD from Pulte. That will be subject to all of the conveyance documents that were in Resolution 2025-09 and subject to staff sign-off, if you're comfortable with that. Then at the next Board meeting, we’ll bring back the formal resolution, for documentation purposes, which the Board could then ratify. Are you comfortable with that? Do you have any questions? I think you were asking which school that was. Mr. Vidrine: I think that's the same school. We have a high school site that the School Board owns and the School Board is trying to transfer. It’s a high-end charter school, with some exceptional education opportunities. So, we're super excited. We've been working on that since 2017 to get them here. We're going through the motions. Mr. Flint: Okay. Is there a motion to approve Resolution 2025-10? On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor Resolution 2025-10 Conveyance of Real Property and Improvements from Pulte Homes in substantial final form subject to staff sign-off was adopted. SEVENTH ORDER OF BUSINESS Presentation of Series 2018 Arbitrage Rebate Report Mr. Flint: Item 7 is the presentation of the Series 2018 Arbitrage Rebate Report. The Internal Reserve Service (IRS) requires that we do an arbitrage calculation, to ensure that we're not earning more interest than we're paying. You retained AMTEC to prepare this report for $450. Every five years, it needs to be reported to the IRS. You will see that there is negative rebatable arbitrage of $57,093.21, meaning there are no arbitrage issues. Are any questions on the report? If not, is there a motion to accept it? On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor the Arbitrage Rebate Calculation Report for Series 2018 was approved. EIGHTH ORDER OF BUSINESS Presentation of Series 2023 Phase 4B/5B Project Arbitrage Rebate Report Mr. Flint: Then we have the same report for the Series 2023 bonds, with the same requirement. AMTEC does this one as well. We have negative rebatable arbitrage of $8,927.82. Are there any questions on the report? If not, is there a motion to accept it? On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor the Arbitrage Rebate Calculation Report for the Series 2023 Phase 4B/5B Project was approved. NINTH ORDER OF BUSINESS Consideration of Environmental Resource Permit Transfer Mr. Flint: This is the request for transfer of the Environmental Resource Permit from Lennar to the CDD, as the operations and maintenance entity for Phase 7. I wanted to make sure this didn't get executed until we're comfortable that the Phase 7 stormwater system is complete and signed off. The permit typically is in the developer's name. This is the permit from the Water Management District for the stormwater system site development. Once the infrastructure is complete and everything is signed off, this form gets executed and the permit would be transferred to the CDD as the operating entity going forward. It's been executed by Lennar but has not been signed yet by the CDD. I think that the Board could consider approving this subject to sign-off by the District Engineer, District Counsel and staff. I think once the walkthrough is completed on Tuesday and everyone is comfortable with it, we would be in a situation where this could be executed. The CDD is the operation and maintenance entity for all of the ERPs within Tohoqua. One of its primary responsibilities was to own and operate the stormwater system. So, it would be appropriate, if everything is signed off, for this to be transferred. Are there any questions on this? Comments, Mr. Chairman? Mr. Vidrine: This is what we been doing the whole time out here, so it's pretty standard. So, I have no questions. Mr. Flint: Is there a motion to authorize it, subject to staff sign-off On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor the Environmental Resource Permit Transfer of the Phase 7 stormwater system subject to sign-off by the District Engineer, District Counsel and staff was approved. FIFTH ORDER OF BUSINESS Staff Reports A. Attorney Mr. Flint: Staff Reports. Kristen? Ms. Trucco: I have nothing new to report to the Board. B. Engineer Mr. Flint: Stephen, is there anything from the District Engineer? Mr. Saha: I don't have anything to report. C. Field Manager’s Report i. Consideration of Proposal for Pond Maintenance Mr. Flint: Field Manager's Report. Alan has his report and also has some proposals for the Board. Mr. Scheerer: Yeah, we can just go through the proposals first and then I'll give you an overview of the field stuff. The first item is a proposal with Sunshine Land Management for maintenance of Ponds 14 and 15 in Phase 7. This is the monthly amount that we would be charged and it's also included in the budget for this year, as well as for next year. So, once we do the walkthrough, we can start maintaining the water. This is just a water maintenance item only. I can answer any questions the Board may have with respect to this particular proposal. Mr. Vidrine: Correct me if I'm wrong, but the pond gets clean, there are no cattails, all that stuff there and then you would start treating it. Mr. Scheerer: Yeah. They do monthly maintenance of the shoreline vegetation, algae, torpedo grass, pennywort and cattails. Mr. Vidrine: The challenge that people have, is when they wait too long before they start doing it and it's already rooted in and everything like that. So, I think this is not an option. We have to do it as soon as we can. Mr. Flint: Yeah, we want to get in there and maintain it. Mr. Scheerer: A lot of this is just, we're trying to get ahead of it, in case the Board doesn't meet next month. Mr. Vidrine: Yeah. Mr. Scheerer: We don't want to have to wait two or three months, then we end up with issues, not only with this particular contract, but you’re also going to see addendums for 4C and Phase 7 landscape maintenance. So, as soon as everything's good to go and we can sign off on everything, we're not waiting on the contractor to come and perform those services. Mr. Vidrine: Yeah, you can burn up your landscaping from the Summer heat. So, yeah, you're being proactive. So, thank you. Mr. Scheerer: Mother Nature is not helping right now. So, we're just looking for a motion to approve this proposal with Sunshine Land Management. ii. Consideration of Service Agreement Addendum for Landscape Maintenance at Phase 4C Amenity Center On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor the proposal with Sunshine Land Management for the maintenance of Ponds 14 and 15 in Phase 7 in the amount of $210 was approved. Mr. Scheerer: The next agreement is anticipating the new 4C amenity. We had a pre walk with Pulte maybe 10 days ago. There's a lot of just general building punch list items. The landscaping is going in right now. It looks like they have all the irrigation in. They're installing trees. I saw them get there again this morning. So again, in anticipating this coming on within the next 30 to 60 days, we would like to make sure that if the Board doesn't meet next month, that we are ready to take over the 4C amenity as a standalone, as opposed to all the improvements in 4C, which is a whole other conversation. Mr. Vidrine: We were just talking about it. Mr. Scheerer: We we're just talking about the pool facility amenity. Again, this is something that we anticipate in this year's budget as well as next year's budget. Once everything's done, we'll do the walkthrough, sign-off and we'll start taking control. Mr. Vidrine: Yeah. Mr. Scheerer: There is an item on that 4C amenity, that it has to be installed prior to us taking over the entire track, which is the handicap lift. CDDs will need to have a handicap lift. We did meet with Pulte on that and they are aware and we provide them with specs and information, as I just installed two hydraulic lifts in another CCD in western Osceola County. So hopefully they get that going and it's not going to hold us up. But this is the landscape portion. Mr. Vidrine: Yeah, I like that you're being on top of that. It's the liability side of it, so yeah, hold the line there. Mr. Scheerer: Yes sir. Mr. Vidrine: Great. Mr. Flint: They're used to building private amenities under the HOA, which don't have that ADA obligation. The other item on that amenity that we're concerned about, is the access system, making sure that it's compatible. I don't believe they planned appropriately for that, even though we advised them. So, we'll be working on that as well. iii. Consideration of Service Agreement Addendum for Landscape Maintenance at Phase 7 Mr. Scheerer: There is a meeting with our contractor today, after this meeting, to go over and check out the compatibility, so residents don't have to have multiple key cards to gain access to these facilities. Mr. Vidrine: That's the key. I know you’re stating it for everyone else. It has to be seamless and they need to go rip it out and put seamless stuff in. Mr. Scheerer: That was discussed well before the construction phase of this. Mr. Vidrine: That happens, unfortunately. Mr. Scheerer: But as far as this goes, this is a landscape addendum. We're just seeking approval from the Board. If you have any questions, I can answer those. Mr. Vidrine: No, we don't want to get them burned up. In no man's land, is where bad stuff happens. So, I think it's really prudent. On MOTION by Mr. Vidrine seconded by Mr. Knight with all in favor the Service Agreement Addendum for Landscape Maintenance at Phase 4C Amenity Center was approved. Mr. Scheerer: The final addendum that I have for this Board today, is with Action Landscape for Phase 7. So, again, we have a walkthrough on the 13th, not only for a follow up to Phase 7, but also for some landscape issues in the median on Tohoqua Boulevard and some street trees. We'll be doing that in conjunction. Again, we'd like to get this approved in advance, in case everything is done and then we can tell the contractor to go ahead and move forward with the landscape maintenance of Phase 7. Mr. Flint: Are there any questions on the addendum? Is there a motion to approve it? On MOTION by Mr. Vidrine seconded by Mr. Knight with all in favor the Service Agreement Addendum for Landscape Maintenance at Phase 7 was approved. Mr. Scheerer: Alright, just a quick overview of what's going on in the field. We have a proposal with United Land, to do a bulk cleanup of straightening and replacing all of the dead and damaged trees within the community. As you may not know, all of the street trees between the sidewalk and curb, with the exception of Phase 5, are the responsibility of the CDD. We're also working with the HOA, to make sure that compliance letters are sent to residents that are not maintaining the trees, but if they get damaged or due to storms, that will fall to the CDD. So, we're working on that. I think Mr. Vidrine touched on the irrigation earlier. We've had some challenges with Toho and the construction on Neptune. We have a master control system for a majority of this community, called Baseline. We discovered some errors off and on throughout the construction phase at the entrance. Those areas have all been cleared. We have United here on a regular basis, just making sure they're following up with our irrigation. Everything seems to be working well, but we do have some spots that are hot and there are some coverage issues that they're working through. We did a mulching of the all the CDD areas within the community, so that's been complete. We do have some extra mulch that we're holding, until we see what's going on with the landscape renovation in Phase 6 and some other areas. We had some pool and paver repairs here, as well. As I touched on earlier, we did the 4C walkthrough with Pulte and we'll follow up on that to see how we're doing as far as that goes. There is the May 13th walkthrough on Cross Prairie Parkway and Tohoqua Boulevard, as well as Phase 7. We'll try to get those corrected and get those items completed. Then we can go ahead and turn them over and then based on this OS-10 track in Phase 8, this drainage swell, we'll be looking at that. I'll reach out to Sunshine Land Management, to and see if there's something that they need to be involved with or if that's something we just need to work with the landscaper on, to make sure that we're maintaining that once everybody has had an opportunity to assess that stormwater swell. Mr. Vidrine: Yeah, I think that's another good example of the discipline you'll have with not automatically accepting something, because a piece of paper's done. It just needs to be done right. I think you're putting the manpower on it and this is the kind of armrest that you have to go through, to get to the end of the final product. So, I appreciate you standing on top of it. I know it's a pain, so thank you for doing it. Mr. Scheerer: If you can believe the weather forecasters, we're supposed to get some good rain today and in the next couple days. We can sure use it, because as you know, Toho will shut our water off without warning. A couple of days ago I received a text message from the crew that we had low pressure. The no pressure lasted for about 24 hours of no water and then all of a sudden we got our water back. Mr. Vidrine: This is coming from the municipality itself. Mr. Scheerer: Yeah, that's not us. It's not what we're doing. It’s the supplier. Mr. Vidrine: Yeah. Mr. Scheerer: Again, along with the street tree replacement, we'll be obviously hitting the trees around the pond. Phase 5 will be included in that street tree replacement. That's all I have. Mr. Vidrine: That's good. It sounds like this is getting tightened. So, that’s great. Mr. Scheerer: We're working hard. Yes, sir. D. Amenity Manager’s Report Mr. Flint: Amenity Manager’s Report. Mr. Calleja: Good morning, Board. We did start our pool attendant services, which is usually from March to October, our busiest time of the year. We've already started that. We had the pool bucket cleaned last month. We also installed an additional bike rack, because we saw that they were filled up, especially when we had events. Bikes were all over the place. So, we did install a new bike rack. We have the club rentals for March and April in your report; three in March and four in April. We also have an events recap from March and April. We had some really good events and included pictures in the report. I think the biggest one out of those, was Happy Hoppy Easter, as we had a little over 200 attendees. There was the Easter bunny, a balloon artist, face painting, pizza, Easter eggs and crafts. The weather was magnificent. It was a great day. Everyone had a good time. I've also included the upcoming events starting with a Mommy and Me paint party, this Friday. If the Board has any questions for me, I would be happy to answer them. Mr. Flint: Are there any questions for Marcia? Mr. Vidrine: No. Mr. Flint: Thanks, Marcia. E. District Manager’s Report i. Approval of Check Register Mr. Flint: You have approval of the Check Register from February 25, 2025 through April 21, 2025, for the General Fund and Board compensation, in the total amount of $1,266,942.15. A big part of that you'll see, is indicated as being transferred to the Trustee, which was the debt service assessment revenue that comes in. The operating and maintenance and the debt service come to the CDD in one check and then you have to transfer that money to ii. Balance Sheet and Income Statement iii. Presentation of Registered Voters – 1,474 the Trustee for the debt service. You'll see that there are some large checks to the Trustee, to move that money. Actually, there's a $1.1 million dollar check to the State Board of Administration, which is our investment account. That's an investment pool operated by the State of Florida where we invest excess cash. Are there any questions on the Check Register? If not, we need a motion to approve it. On MOTION by Mr. Qureshi seconded by Mr. Knight with all in favor the Check Register from February 25, 2025 through April 21, 2025 in the amount of $1,266,942.15 was approved. Mr. Flint: We have the Unaudited Financials through March 31, 2025. This is for the first six months of Fiscal Year 2025. We have the Combined Balance Sheet and Statement of Revenue and Expenditures for each of the funds. You can see on Page 151 of the PDF, for the General Fund, we're just about 100% collected on our on-roll assessments and 100% collected where we need to be on our direct assessments, based on the payment schedule. We will be over 100% collected. As you know, you can pay your taxes through the end of March and then after that, sometimes they are delinquent and then there's a tax certificate sale for anyone who doesn't pay their taxes. We ultimately are over 100% collected every year. Our actuals on each of the categories, were under our prorated budget amounts on the expense side. Are there any questions on the financials? No action is required by the Board. Mr. Flint: The last item under my report, each year, we are required to announce the number of registered voters, as of April 15th. You can see within the Tohoqua CDD boundaries, there are 1,474 registered voters. This is important when you look at the transition of the Board to resident control, as that transition has already occurred, because you had six years and 250 registered voters and two residents are currently on the Board. But we continue to have to put this on the agenda every year. It really has no bearing on anything at this point, other than just information. The next two seats will transition to General Election in November of 2026. So, next June, there will be a process, where anybody interested in running for those seats can qualify with the Supervisor of Elections. But we announce that in the Spring next year. Are there any questions on the District Manager's Report? Hearing none, ELEVENTH ORDER OF BUSINESS Other Business Mr. Flint: Is there any Other Business? Hearing none, TWELFTH ORDER OF BUSINESS Supervisors Requests Mr. Flint: Are there any there any Supervisors Requests? Is there anything that was not on the agenda that the Board wanted to discuss? If not, we need a motion to adjourn. THIRTEENTH ORDER OF BUSINESS Adjournment On MOTION by Mr. Vidrine seconded by Mr. Qureshi with all in favor the meeting was adjourned. ________________________________ ________________________________ Secretary / Assistant Secretary Chairman / Vice Chairman RESOLUTION 2025-11 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT RATIFYING THE ACTIONS OF THE DISTRICT MANAGER, DISTRICT SECRETARY AND CHAIRMAN IN RESETTING AND NOTICING THE PUBLIC HEARING FOR THE ADOPTION OF THE FISCAL YEAR 2025/2026 BUDGET AND RELATING TO THE ANNUAL APPROPRIATIONS; AMENDING RESOLUTION 2025-08 TO SET THE PUBLIC HEARING THEREON; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Tohoqua Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted Resolution 2025-08, approving a proposed budget for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2025/2026”), setting the public hearing to adopt the Fiscal Year 2025/2026 budget and relating to the annual appropriations, and setting the public hearing thereon for August 6, 2025, at 9:00 a.m. at 1830 Fulfilment Drive, Kissimmee, Florida 34744; WHEREAS, the Board was unable to achieve a quorum at the date and time specified in Resolution 2025-08 for the public hearing and therefore the District Manager, in consultation with the Chairman, reset such public hearing to be held on August 25, 2025, at 1:00 p.m., at 1830 Fulfilment Drive, Kissimmee, Florida 34744, and has caused published notice to be provided in the manner prescribed in Florida law; and WHEREAS, the Board desires to ratify the District Manager and Chairman’s actions in resetting the public hearing and noticing the amended date and time for such public hearing. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: 1. INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Resolution. 2. RATIFICATION OF RESETTING OF PUBLIC HEARING. The actions of the District Manager and Chairman in resetting the public hearing set pursuant to Resolution 2025-08, the District Secretary and District Manager in publishing and mailing the notice of the new date, time and location of such public hearing pursuant to Chapter 190, Florida Statutes, are hereby ratified. Resolution 2025-08 is hereby amended to reflect that the public hearing was reset to August 25, 2025, at 1:00 p.m., at 1830 Fulfilment Drive, Kissimmee, Florida 34744. 3. RESOLUTION 2025-08 OTHERWISE REMAINS IN FULL FORCE AND EFFECT. The Except as otherwise provided herein, all of the provisions of Resolution 2025-08 continue in full force and effect. 4. SEVERABILITY. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 5. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED this 25th day of August, 2025. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT Chairperson /Vice Chairperson Board of Supervisors Attest: Secretary/Assistant Secretary RESOLUTION 2025-12 THE ANNUAL APPROPRIATION RESOLUTION OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2025, submitted to the Board of Supervisors (“Board”) of the Tohoqua Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two (2) days before the public hearing; and WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. BUDGET a. The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below. b. The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures. c. The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Tohoqua Community Development District for the Fiscal Year Ending September 30, 2026.” d. The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least two (2) years. SECTION 2. APPROPRIATIONS There is hereby appropriated out of the revenues of the District, for Fiscal Year 2025/2026, the sum of $____________ to be raised to be raised by levy of assessments or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion: TOTAL GENERAL FUND CAPITAL RESERVE FUND DEBT SERVICE FUNDS: SERIES 2018 DEBT SERVICE FUND SERIES 2021 PHASE 2 DEBT SERVICE F U N D SERIES 2021 PHASE 4A/5A SERIES 2022 PHASE 3A/6A SERIES 2023 PHASE 4B/5B SERIES 2023 PHASE 4C SERIES 2024 PHAE 7 TOTAL ALL FUNDS $______________ SECTION 3. BUDGET AMENDMENTS Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2025/2026 or within sixty (60) days following the end of the Fiscal Year 2025/2026 may amend its Adopted Budget for that fiscal year as follows: a. A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase. b. The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution. c. Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within five (5) days after adoption and remain on the website for at least two (2) years. SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 25th DAY OF AUGUST, 2025. ATTEST: TOHOQUA COMMUNITY DEVELOPMENT DISTRICT By: Secretary/Assistant Secretary Its: Exhibit A: Fiscal Year 2025/2026 Budget RESOLUTION 2025-13 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2025/2026; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Tohoqua Community Development District (“District”) is a local unit of specialpurpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, certain infrastructure improvements, facilities and services to the lands within the District; and WHEREAS, the District is located in Osceola County, Florida (“County”); and WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”), attached hereto as Exhibit “A;” and WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and WHEREAS, the District has previously levied assessments for debt service, which the District desires to collect for Fiscal Year 2025/2026; and WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached hereto as Exhibit “B,” and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable. SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices. SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District. SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records. SECTION 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. SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board. PASSED AND ADOPTED this 25th day of August 2025. ATTEST: TOHOQUA COMMUNITY DEVELOPMENT DISTRICT _____________________________ By: Secretary / Assistant Secretary Its: Exhibit A: Budget Exhibit B: Assessment Roll RESOLUTION 2025-14 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYANCE OF REAL PROPERTY TRACTS AND IMPROVEMENTS IN PHASE 4C FROM PULTE HOME COMPANY, LLC TO THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Tohoqua Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; WHEREAS, Pulte Home Company, LLC, a Michigan limited liability company (hereinafter “Pulte”), has requested the transfer and acceptance of real property and infrastructure improvements in Phase 4C, as more particularly described in the Special Warranty Deed, Bills of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”); WHEREAS, the District Counsel and the District Manager have reviewed the Conveyance Documents and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for approving and accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. Resolution 2025-14 Approving Conveyances of Real Property and Improvements (Tohoqua Phase 4C Plat) Tohoqua Community Development District 2. Approval of Acquisition and Transfer of the Real Property and Improvements. The Board hereby approves the transfer and acceptance of the real property and improvements, as described in the Conveyance Documents, from Pulte to the District, and approves and accepts the Conveyance Documents, subject to sign-off by the District’s staff. 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the real property and improvements described in the Conveyance Documents and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] PASSED in public meeting of the Board of Supervisors of the Tohoqua Community Development District, this 25th day of August, 2025. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Special Warranty Deed 2. Bill of Sale Absolute and Agreement to the District 3. Owner’s Affidavit 4. Agreement Regarding Taxes 5. Certificate of District Engineer 6. Affidavit Regarding Human Trafficking THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO: Kristen E. Trucco, Esq. Latham, Luna, Eden & Beaudine, LLP P.O. Box 3353 Orlando, Florida 32802 SPECIAL WARRANTY DEED THIS SPECIAL WARRANTY DEED made as of this ___ day of _____________, 2025 by PULTE HOME COMPANY, LLC, a Michigan limited liability company (the “Grantor”), whose principal address is 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia 30326, to TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district (the “Grantee”), whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801. (Whenever used herein the terms “Grantor” and “Grantee” include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations). That the Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situate in Osceola County, Florida, more particularly described as follows (the “Property”). SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD, the same in fee simple forever. AND the Grantor does hereby covenant with Grantee that the Grantor is lawfully seized of said land in fee simple; that the Grantor has good right and lawful authority to sell and convey this land; that the Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same) and taxes for the year 2025 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other. NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B-4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein. [SIGNATURES ON FOLLOWING PAGE] IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed in its name, the day and year first above written. Signed, sealed and delivered in our presence: (Signature) (Print Name) Address: ____________________________ (Signature) (Print Name) Address: ____________________________ “GRANTOR” PULTE HOME COMPANY, LLC, a Michigan limited liability company By: ________________________________ Print: Doug Hoffman Title: Vice President – Land Development (Central Florida) Address: ____________________________ STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ____________, 2025, by Doug Hoffman, as Vice President – Land Development (Central Florida), of PULTE HOME COMPANY, LLC, a Michigan limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. _________________________________________ Notary Public; State of Florida (SEAL) Print Name: _______________________________ Comm. Exp.: __________; Comm. No.: _________ EXHIBIT “A” Description of the Property Tract OS-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract R-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District (Tohoqua Phase 4C Plat) THIS BILL OF SALE ABSOLUTE AND AGREEMENT (the “Agreement”) is made as of this _____ day of August, 2025, is given to the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a local unit of specialpurpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, by PULTE HOME COMPANY, LLC, a Michigan limited liability company (hereinafter referred to as the “Developer”), whose address is 3350 Peachtree Road Northeast, Suite 150, Atlanta, Georgia 30326. RECITALS WHEREAS, Developer owns certain improvements, equipment and personal property located within the boundaries of the District, and the extent, nature and location of such improvements and equipment is more fully set forth in Exhibit “A” attached hereto (collectively, the “Improvements”); WHEREAS, both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance. WITNESSETH KNOW ALL MEN BY THESE PRESENTS that the Developer, for and in consideration of the sum of Ten and 00/100 Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt of which is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements, to have and to hold the same unto the District, its executors, administrators and assigns forever, together with all of the Developer’s right and title to any and all contracts, warranties, guarantees, permits, approvals and similar rights in favor of or which may have accrued to the Developer from any and all persons, firms, agencies or corporations who have performed work or labor or supplied goods, materials or services to or for the benefit of or comprising any part of the Improvements to the extent they are assignable, together with any related documents, materials, data, letters, and agreements, to have and to hold unto District, its successors and assigns, to and for its or their use, forever. 1. Developer agrees that any of the above-referenced contracts, warranties, permits, approvals and guarantees which are not assignable by their terms or in respect of which consents to their assignment are required but are not available, shall be held in trust for the District by the Developer (and, if required, performed by the Developer on behalf of the District) and all benefits derived thereunder shall be for the benefit of the District. 2. The Developer represents and warrants to the District that the Developer has good and lawful right, title and interest in the Improvements and that the Improvements are free and clear of any and all liens and encumbrances, that the Improvements are in good working condition, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees related to the Improvements. 3. The above recitals are true and correct and are incorporated herein by reference. 4. This Bill of Sale may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. . [SIGNATURES ON FOLLOWING PAGE] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District (Tohoqua Phase 4C Plat) IN WITNESS WHEREOF, the Developer has executed this Bill of Sale Absolute and Agreement as of the date first above written DEVELOPER: PULTE HOME COMPANY, LLC, a Michigan limited liability company By:________________________________ Print: Doug Hoffman Title: Vice President – Land Development STATE OF FLORIDA COUNTY OF ORANGE Sworn to (or affirmed) and subscribed before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Doug Hoffman, as Vice President – Land Development, of PULTE HOME COMPANY, LLC, a Michigan limited liability company, on behalf of the limited liability company. He has produced ________________________ as identification or is personally known to me. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: (NOTARY SEAL) COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District (Tohoqua Phase 4C Plat) IN WITNESS WHEREOF, the District has accepted and agreed, and executed this Bill of Sale Absolute and Agreement as of the date first above written. DISTRICT: ATTEST: Print Name: George S. Flint Title: Secretary TOHOQUA COMMUNITY DEVELOPMENT DISTRICT By: _ Name: Andre Vidrine Title: Chairman STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this ______ day of August, 2025, by Andre Vidrine, as Chairman of the Board of Supervisors of the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, and was attested to by George S. Flint, as Secretary of the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, both for and on behalf of the District. Said person is [ ] personally known to me or [ ] have produced ________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: (NOTARY SEAL) EXHIBIT “A” DESCRIPTION OF THE IMPROVEMENTS [-Storm Drainage -Landscaping, Irrigation -Pool, Fitness Center] The foregoing Improvements are located on the following tracts: Tract OS-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract R-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. OWNER’S AFFIDAVIT Tohoqua Community Development District (Tohoqua Phase 4C Plat) STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Doug Hoffman (“Affiant”) as Vice President – Land Development, of Pulte Home Company, LLC, a Michigan limited liability company, authorized to do business in Florida, whose principal address is 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia, 30326 (the “Owner”), who being first duly sworn on oath says: 1. That Affiant knows of his own knowledge that the Owner is the fee simple title holder to certain lands located in City of St. Cloud, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant is the Vice President – Land Development of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. [That the Property and Improvements, as described in the Warranty Deed and Bill of Sale Absolute and Agreement, dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters reflected in the title insurance commitment issued on ________ by _________________________]. 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. 6. That Affiant knows of no action or proceeding relating to the Property or Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or Improvements. 7. That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Tohoqua Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements to the District. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Plat and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District, Baker & Hostetler LLP (“BHLLP”) and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to District, BHLLP and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of 38- 1545089; (v) has a mailing address of 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia 30326. Affiant understands that this certification may be disclosed to the Internal Revenue Service by Owner and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District, BHLLP and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: (Signature) (Print Name) (Signature) (Print Name) PULTE HOME COMPANY, LLC, a Michigan limited liability company By:________________________________ Print: Doug Hoffman Title: Vice President – Land Development STATE OF FLORIDA COUNTY OF ORANGE Sworn to (or affirmed) and subscribed before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Doug Hoffman, as Vice President – Land Development, of PULTE HOME COMPANY, LLC, a Michigan limited liability company, on behalf of the limited liability company. He has produced ________________________ as identification or is personally known to me. ______________________________ Notary Public Print Name:____________________ My Commission Expires: _________ My Commission No.: ____________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tract OS-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract R-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. IMPROVEMENTS [-Storm Drainage -Landscaping, Irrigation -Pool, Fitness Center] AGREEMENT REGARDING TAXES Tohoqua Community Development District (Tohoqua Phase 4C Plat) THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this ____ day of , 2025, by and between PULTE HOME COMPANY, LLC, a Michigan limited liability company, whose address is 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia 30326 (the “Developer”), and the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (the “District”). WITNESSETH WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and WHEREAS, Developer is the owner and developer of infrastructure improvements and personal property, made in, on, over, under and through the Property and the land owned by the District, as described on Exhibit “A” attached hereto and incorporated herein (the “Improvements”); and WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property and the Improvements to the District by Special Warranty Deed and Bill of Sale Absolute and Agreement; and WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Osceola County Property Appraiser because of the District’s status as a governmental entity; and WHEREAS, in conjunction with the conveyance of the Property and Improvements from Developer to District, Developer and District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property. NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which is hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows: 1. The above recitals are true and correct and are incorporated herein by reference. 2. Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2024 and all prior years have been paid in full. 3. Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2025. 4. District shall, within thirty (30) days of receipt, forward to the Developer, at their address set forth above and via U.S. mail, any correspondence, notice or bill from Osceola County Tax Collector relating to the Property for tax year 2025 that the District actually received in its office. 5. Subsequent to the District’s acceptance of the Property and Improvements, and only in the event the Property is not conveyed to another governmental entity, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Osceola County Property Appraiser and, subsequent to tax year 2025, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property and/or Improvements, as applicable. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above. [SIGNATURE PAGE FOLLOWS] SIGNATURE PAGE TO AGREEMENT REGARDING TAXES Tohoqua Community Development District (Tohoqua Phase 4C Plat) WITNESSES: X ______________________________ Print: ___________________________ X ______________________________ Print: ___________________________ PULTE HOME COMPANY, LLC, a Michigan limited liability company By: ___________________________________ Print: Doug Hoffman Title: Vice President – Land Development (Central Florida) TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST X _____________________________ By: ___________________________________ Print: __________________________ Print: Andre Vidrine Secretary/Asst. Secretary Title: Chairman EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tract OS-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract R-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. IMPROVEMENTS [-Storm Drainage -Landscaping, Irrigation -Pool, Fitness Center] CERTIFICATE OF DISTRICT ENGINEER Tohoqua Community Development District (Tohoqua Phase 4C Plat) I, Stephen K. Saha, P.E. of Poulos & Bennett, LLC, a Florida limited liability company, authorized to transact business in Florida, and licensed to provide professional engineering services to the public in the State of Florida under Florida License No. 76903,with offices located at 2602 E. Livingston Street, Orlando, Florida, 32803 (“Poulos”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Poulos, currently serve as District Engineer to the Tohoqua Community Development District (the “District”). 2. That the District proposes to accept from Pulte Home Company, LLC, a Michigan limited liability company (“Developer”), for ownership, operation and maintenance, certain real property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Property”), plus infrastructure improvements and personal property, made in, on, over, under and through land located within the boundary of the District, as described more completely in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”). Any real property being conveyed to the District is being transferred at only nominal cost to the District, so no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Property and Improvements from the Developer to the District and the District’s acceptance of such Property and Improvements. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have reviewed the actual cost of the Improvements built or constructed by or at the direction of the Developer and the District is paying no more than the actual cost incurred, or the current value thereof, whichever is less. The Property and Improvements are in a condition acceptable for acceptance by the District and such conveyance is consistent with the development plans for the District. 5. That the Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Improvements, if any, that have actually been provided to Osceola Engineering are being held by Poulos as records of the District on its behalf. 6. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Tohoqua Community Development District (Tohoqua Phase 4C Plat) DATED: _______________, 2025 _______________________________________ Stephen K. Saha, P.E. State of Florida License No.: 76903 on behalf of the company, Poulos & Bennett, LLC 2602 East Livingston Street Orlando, Florida 32814 STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025 by STEPHEN S. SAHA, P.E. of Poulos & Bennett, LLC, a Florida limited liability company, on behalf of said company. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. __________________________________ Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ EXHIBIT “A” LIST AND DESCRIPTION OF IMPROVEMENTS & EQUIPMENT [-Storm Drainage -Landscaping, Irrigation -Pool, Fitness Center] The foregoing Improvements are located on the following tracts: Tract OS-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract OS-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract R-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-1, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-2, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. Tract SWP-3, according to the TOHOQUA – PHASE 4C plat, as recorded in Plat Book 34, Page 78, Public Records of Osceola County, Florida. AFFIDAVIT OF COMPLIANCE WITH ANTI-HUMAN TRAFFICKING LAWS STATE OF FLORIDA COUNTY OF ORANGE In accordance with Section 787.06(13), Florida Statutes, the undersigned, on behalf of PULTE HOME COMPANY, LLC (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: _______________________ PULTE HOME COMPANY, LLC Signed: Name:__________________________ Title:___________________________ SUBSCRIBED AND SWORN TO before me by means of . physical presence or . online notarization, this ___ day of ____________, 2025, by ________________, as ________________ of PULTE HOME COMPANY, LLC. Said person is (check one) . personally known to me or . has produced a valid driver's license as identification. [Notary Seal] Signature of person taking acknowledgment Name (typed, printed or stamped): __________________ Title or Rank: Serial number (if any): RESOLUTION 2025-15 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT RATIFYING THE DOCUMENTS FOR THE CONVEYANCE OF THE PHASE 8A OUTFALL TRACT REAL PROPERTY AND IMPROVEMENTS LOCATED THEREON FROM PULTE HOME COMPANY, LLC TO THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT; RATIFYING THE REVIEW, EXECUTION AND ACCEPTANCE OF ALL DOCUMENTS EFFECTUATING SUCH CONVEYANCE BY DISTRICT STAFF AND THE CHAIRMAN; AUTHORIZING FUTURE ACTION BY DISTRICT STAFF AND CHAIRMAN NECESSARY TO FINALIZE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Tohoqua Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; WHEREAS, Pulte Home Company, LLC, a Michigan limited liability company (hereinafter “PULTE”), has requested the transfer and acceptance of real property and infrastructure improvements, as more particularly described in the Quit Claim Deed, Bill of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”); WHEREAS, the Board of Supervisors verbally approved the conveyance described in the Conveyance Documents at their Board of Supervisors meeting on May 7, 2025 but desire to ratify the Conveyance Documents used to effectuate such conveyance; NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: Resolution 2025-15 Ratifying Conveyances of Outfall Tract (Tohoqua Phase 8A Plat) Tohoqua Community Development District 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Ratification of Conveyance Documents Evidencing the Acquisition and Transfer of the Real Property and Improvements to the District. The Board hereby ratifies the Conveyance Documents. 3. Ratification of Prior Actions. All actions taken by the District Chairman, District Manager, District Counsel, District Engineer to effectuate the conveyance described in the Conveyance Documents are hereby ratified on behalf of the District. 4. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take any additional actions necessary to effectuate the conveyance described in the Conveyance Documents. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] PASSED in public meeting of the Board of Supervisors of the Tohoqua Community Development District, this 25th day of August, 2025. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Quit Claim Deed 2. Bill of Sale Absolute and Agreement to the District 3. Owner’s Affidavit 4. Agreement Regarding Taxes 5. Certificate of District Engineer 6. Affidavit Regarding Human Trafficking BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) THIS BILL OF SALE ABSOLUTE AND AGREEMENT (the “Agreement”) is made as of this _____ day of August, 2025, is given to the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a local unit of specialpurpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, by PULTE HOME COMPANY, LLC, a Michigan limited liability company (hereinafter referred to as the “Developer”), whose address is 3350 Peachtree Road Northeast, Suite 150, Atlanta, Georgia 30326. RECITALS WHEREAS, the Developer has constructed certain infrastructure improvements in Phase 8A of the development located in the District’s boundary, including a certain outfall structure described in Exhibit “A” attached hereto (the “Improvements”); WHEREAS, both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance. WITNESSETH KNOW ALL MEN BY THESE PRESENTS that the Developer, for and in consideration of the sum of Ten and 00/100 Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt of which is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements, to have and to hold the same unto the District, its executors, administrators and assigns forever, together with all of the Developer’s right and title to any and all contracts, warranties, guarantees, permits, approvals and similar rights in favor of or which may have accrued to the Developer from any and all persons, firms, agencies or corporations who have performed work or labor or supplied goods, materials or services to or for the benefit of or comprising any part of the Improvements to the extent they are assignable, together with any related documents, materials, data, letters, and agreements, to have and to hold unto District, its successors and assigns, to and for its or their use, forever. 1. Developer agrees that any of the above-referenced contracts, warranties, permits, approvals and guarantees which are not assignable by their terms or in respect of which consents to their assignment are required but are not available, shall be held in trust for the District by the Developer (and, if required, performed by the Developer on behalf of the District) and all benefits derived thereunder shall be for the benefit of the District. 2. The Developer represents and warrants to the District that the Developer has good and lawful right, title and interest in the Improvements and that the Improvements are free and clear of any and all liens and encumbrances, that the Improvements are in good working condition, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees related to the Improvements. 3. The above recitals are true and correct and are incorporated herein by reference. 4. This Bill of Sale may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. . [SIGNATURES ON FOLLOWING PAGE] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) IN WITNESS WHEREOF, the Developer has executed this Bill of Sale Absolute and Agreement as of the date first above written DEVELOPER: PULTE HOME COMPANY, LLC, a Michigan limited liability company By:________________________________ Print: Doug Hoffman Title: Vice President – Land Development STATE OF FLORIDA COUNTY OF ORANGE Sworn to (or affirmed) and subscribed before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Doug Hoffman, as Vice President – Land Development, of PULTE HOME COMPANY, LLC, a Michigan limited liability company, on behalf of the limited liability company. He has produced ________________________ as identification or is personally known to me. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: (NOTARY SEAL) COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) IN WITNESS WHEREOF, the District has accepted and agreed, and executed this Bill of Sale Absolute and Agreement as of the date first above written. DISTRICT: ATTEST: Print Name: George S. Flint Title: Secretary TOHOQUA COMMUNITY DEVELOPMENT DISTRICT By: _ Name: Andre Vidrine Title: Chairman STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this ______ day of August, 2025, by Andre Vidrine, as Chairman of the Board of Supervisors of the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, and was attested to by George S. Flint, as Secretary of the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, both for and on behalf of the District. Said person is [ ] personally known to me or [ ] have produced ________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: (NOTARY SEAL) EXHIBIT “A” DESCRIPTION OF THE IMPROVEMENTS [____________________________________________________________________________] The foregoing Improvements (“Improvements”) are located on the land described as follows: See attached legal description. OWNER’S AFFIDAVIT Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Doug Hoffman (“Affiant”) as Vice President – Land Development, of Pulte Home Company, LLC, a Michigan limited liability company, authorized to do business in Florida, whose principal address is 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia, 30326 (the “Owner”), who being first duly sworn on oath says: 1. That Affiant knows of his own knowledge that the Owner is the fee simple title holder to certain lands located in City of St. Cloud, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant is the Vice President – Land Development of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. [That the Property and Improvements, as described in the Warranty Deed and Bill of Sale Absolute and Agreement, dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters reflected in the title insurance commitment issued on ________ by _________________________]. 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. 6. That Affiant knows of no action or proceeding relating to the Property or Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or Improvements. 7. That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Tohoqua Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements to the District. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Plat and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District, Baker & Hostetler LLP (“BHLLP”) and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to District, BHLLP and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of 38- 1545089; (v) has a mailing address of 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia 30326. Affiant understands that this certification may be disclosed to the Internal Revenue Service by Owner and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District, BHLLP and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: (Signature) (Print Name) (Signature) (Print Name) PULTE HOME COMPANY, LLC, a Michigan limited liability company By:________________________________ Print: Doug Hoffman Title: Vice President – Land Development STATE OF FLORIDA COUNTY OF ORANGE Sworn to (or affirmed) and subscribed before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Doug Hoffman, as Vice President – Land Development, of PULTE HOME COMPANY, LLC, a Michigan limited liability company, on behalf of the limited liability company. He has produced ________________________ as identification or is personally known to me. ______________________________ Notary Public Print Name:____________________ My Commission Expires: _________ My Commission No.: ____________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY See attached legal description. IMPROVEMENTS [__________________________________________________________________________] AGREEMENT REGARDING TAXES Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this ____ day of , 2025, by and between PULTE HOME COMPANY, LLC, a Michigan limited liability company, whose address is 3350 Peachtree Road Northeast, Suite 1500, Atlanta, Georgia 30326 (the “Developer”), and the TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (the “District”). WITNESSETH WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and WHEREAS, Developer is the owner and developer of infrastructure improvements and personal property, made in, on, over, under and through the Property and the land owned by the District, as described on Exhibit “A” attached hereto and incorporated herein (the “Improvements”); and WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property and the Improvements to the District by Warranty Deed and Bill of Sale Absolute and Agreement; and WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Osceola County Property Appraiser because of the District’s status as a governmental entity; and WHEREAS, in conjunction with the conveyance of the Property and Improvements from Developer to District, Developer and District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property. NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which is hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows: 1. The above recitals are true and correct and are incorporated herein by reference. 2. Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2024 and all prior years have been paid in full. 3. Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2025. 4. District shall, within thirty (30) days of receipt, forward to the Developer, at their address set forth above and via U.S. mail, any correspondence, notice or bill from Osceola County Tax Collector relating to the Property for tax year 2025 that the District actually received in its office. 5. Subsequent to the District’s acceptance of the Property and Improvements, and only in the event the Property is not conveyed to another governmental entity, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Osceola County Property Appraiser and, subsequent to tax year 2025, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property and/or Improvements, as applicable. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above. [SIGNATURE PAGE FOLLOWS] SIGNATURE PAGE TO AGREEMENT REGARDING TAXES Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) WITNESSES: X ______________________________ Print: ___________________________ X ______________________________ Print: ___________________________ PULTE HOME COMPANY, LLC, a Michigan limited liability company By: ___________________________________ Print: Doug Hoffman Title: Vice President – Land Development (Central Florida) TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST X _____________________________ By: ___________________________________ Print: __________________________ Print: Andre Vidrine Secretary/Asst. Secretary Title: Chairman EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY See attached legal description. IMPROVEMENTS [__________________________________________________________________________] CERTIFICATE OF DISTRICT ENGINEER Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) I, Stephen K. Saha, P.E. of Poulos & Bennett, LLC, a Florida limited liability company, authorized to transact business in Florida, and licensed to provide professional engineering services to the public in the State of Florida under Florida License No. 76903,with offices located at 2602 E. Livingston Street, Orlando, Florida, 32803 (“Poulos”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Poulos, currently serve as District Engineer to the Tohoqua Community Development District (the “District”). 2. That the District proposes to accept from Pulte Home Company, LLC, a Michigan limited liability company (“Developer”), for ownership, operation and maintenance, certain real property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Property”), plus infrastructure improvements and personal property, made in, on, over, under and through the Property and the land owned by the District, as described more completely in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), and subsequently convey such real property and improvements to the District. Any real property being conveyed to the District is being transferred at only nominal cost to the District, so no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Property and Improvements from the Developer to the District. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have reviewed the actual cost of the Improvements built or constructed by or at the direction of the Developer and the District is paying no more than the actual cost incurred, or the current value thereof, whichever is less. The Property and Improvements are in a condition acceptable for acceptance by the District. 5. That the Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Improvements, if any, that have actually been provided to Poulos are being held by Poulos as records of the District on its behalf. 6. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. [Signature page to follow.] SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Tohoqua Community Development District – Outfall Tract (Tohoqua Phase 8A Plat) DATED: _______________, 2025 _______________________________________ Stephen K. Saha, P.E. State of Florida License No.: 76903 on behalf of the company, Poulos & Bennett, LLC 2602 East Livingston Street Orlando, Florida 32814 STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025 by STEPHEN S. SAHA, P.E. of Poulos & Bennett, LLC, a Florida limited liability company, on behalf of said company. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. __________________________________ Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY See attached legal description. IMPROVEMENTS [__________________________________________________________________________] AFFIDAVIT OF COMPLIANCE WITH ANTI-HUMAN TRAFFICKING LAWS STATE OF FLORIDA COUNTY OF ORANGE In accordance with Section 787.06(13), Florida Statutes, the undersigned, on behalf of PULTE HOME COMPANY, LLC (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: _______________________ PULTE HOME COMPANY, LLC Signed: Name:__________________________ Title:___________________________ SUBSCRIBED AND SWORN TO before me by means of . physical presence or . online notarization, this ___ day of ____________, 2025, by ________________, as ________________ of PULTE HOME COMPANY, LLC. Said person is (check one) . personally known to me or . has produced a valid driver's license as identification. [Notary Seal] Signature of person taking acknowledgment Name (typed, printed or stamped): __________________ Title or Rank: Serial number (if any): TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA TABLE OF CONTENTS Page INDEPENDENT AUDITOR’S REPORT 1-2 MANAGEMENT’S DISCUSSION AND ANALYSIS 3-6 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements: Statement of Net Position 7 Statement of Activities 8 Fund Financial Statements: Balance Sheet – Governmental Funds 9 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position 10 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 11 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 12 Notes to the Financial Statements 13-23 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund 24 Notes to Required Supplementary Information 25 OTHER INFORMATION Data Elements Required by Florida Statute 218.39(3)(c) 26 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 27-28 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 29 MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 30-31 INDEPENDENT AUDITOR’S REPORT To the Board of Supervisors Tohoqua Community Development District City of St. Cloud, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities and each major fund of Tohoqua Community Development District, City of St. Cloud, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2024, and the respective changes in financial position, thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Included in the Financial Report Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with Section 218.39(3)(c), Florida Statutes but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated June 9, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance. June 9, 2025 MANAGEMENT’S DISCUSSION AND ANALYSIS The management of the Tohoqua Community Development District, City of St. Cloud, Florida (“District”) would like to offer the readers of the District’s financial statements this discussion and analysis of the District’s financial activities for the fiscal year ended September 30, 2024. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements. FINANCIAL HIGHLIGHTS • The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $1,215,385. • The change in the District’s total net position in comparison with the prior fiscal year was $22,795, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section. • At September 30, 2024, the District’s governmental funds reported combined ending fund balances of $7,401,033, an increase of $3,868,827 in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, non-spendable for prepaid items, assigned to capital reserves, and the remainder is unassigned fund balance which is available for spending at the District’s discretion. OVERVIEW OF FINANCIAL STATEMENTS This discussion and analysis are intended to serve as the introduction to the District’s financial statements. The District’s basic financial statements are comprised of three components: 1) governmentwide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) maintenance and recreation functions. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds. OVERVIEW OF FINANCIAL STATEMENTS (Continued) Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the basic financial statements. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded assets at the close of the fiscal year ended September 30, 2024. Key components of the District’s net position are reflected in the following table: The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued) The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations. The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations. Key elements of the change in net position are reflected in the following table: As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $2,236,262. The costs of the District’s activities were primarily funded by program revenues. Program revenues of the District are comprised of assessments, Developer contributions, investment income, and miscellaneous revenue in the current fiscal year. The increase in revenues is due to an increase in assessments and interest income. The slight decrease in expenses is the due to the decrease in bond issue costs during the current fiscal year. GENERAL BUDGETING HIGHLIGHTS An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets At September 30, 2024, the District had $12,031,268 invested in capital assets for its governmental activities. No depreciation has been taken as the infrastructure improvements are under construction. More detailed information about the District’s capital assets is presented in the notes of the financial statements. Capital Debt At September 30, 2024, the District had $17,845,000 in Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements. ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS It is anticipated that the general operations of the District will continue to increase as the District is built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Tohoqua Community Development District’s Finance Department at 219 East Livingston Street, Orlando FL 32801. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 See notes to the financial statements TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY Tohoqua Community Development District ("the District") was created on August 14, 2017 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by Osceola County Ordinance 2017-57, subsequently annexed into the City of St. Cloud on May 24, 2018 by Ordinance 2017-53, and expanded and contracted by Ordinance 2024-15 on February 19, 2024. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is governed by the Board of Supervisors ("the District") which is composed of five members. The Supervisors are elected by landowners of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. Certain Board members are affiliated with Tohoqua Development Group, LLC (the “Developer”) as of September 30, 2024. The District has the final responsibility for: 1. Assessing and levying maintenance taxes and special assessments. 2. Approving budgets. 3. Exercising control over facilities and properties. 4. Controlling the use of funds generated by the District. 5. Approving the hiring and firing of key personnel. 6. Financing improvements. The financial statements were prepared in accordance with Governmental Accounting Standards District (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the Board of Supervisors is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Government-Wide and Fund Financial Statements The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operatingtype special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due. Assessments Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before May 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents. Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. The District reports the following major governmental funds: General Fund The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. Debt Service Fund The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt. Capital Projects Fund This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure and repairs and maintenance within the District. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity Restricted Assets These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions. Deposits and Investments The government’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing). The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following: a) The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act; b) Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency; c) Interest bearing time deposits or savings accounts in qualified public depositories; d) Direct obligations of the U.S. Treasury. Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. Capital Assets Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. No depreciation has been taken in the current fiscal year as the District’s infrastructure and other capital assets are under construction. Unearned Revenue Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Long-Term Obligations In the basic financial statements, long-term debt and other long-term obligations are reported as liabilities statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of the applicable premiums or discounts. Bond issuance costs are expensed when incurred. In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time Fund Equity/Net Position In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. The District can establish limitations on the use of fund balance as follows: Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category. Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment. The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Fund Equity/Net Position (Continued) Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components. Other Disclosures Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. NOTE 3 – BUDGETARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end. The District follows these procedures in establishing the budgetary data reflected in the financial statements. a) Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1. b) Public hearings are conducted to obtain public comments. c) Prior to October 1, the budget is legally adopted by the District Board. d) All budget changes must be approved by the District Board. e) The budgets are adopted on a basis consistent with generally accepted accounting principles. f) Unused appropriation for annually budgeted funds lapse at the end of the year. NOTE 4 – DEPOSITS AND INVESTMENTS Deposits The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. "Florida Security for Public Deposits Act" its compliance with Chapter 280, Florida Statutes, requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses. NOTE 4 – DEPOSITS AND INVESTMENTS (Continued) Investments The District’s investments were held as follows at September 30, 2024: Concentration risk – The District places no limit on the amount the District may invest in any one issuer. Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments. Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. However, the Bond Indenture limits the type of investments held using unspent proceeds. Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques. These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows: • Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access; • Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and, • Level 3: Investments whose inputs are unobservable. The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs. Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above. NOTE 5 – INTERFUND TRANSFERS Interfund transfers for the fiscal year ended September 30, 2024 were as follows: Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the capital projects fund were made in accordance with the Bond Indentures. Transfers from the general fund to the capital projects fund were made in order to fund the capital reserves. NOTE 6 – CAPITAL ASSETS Capital asset activity for the fiscal year ended September 30, 2024 was as follows: The infrastructure intended to serve the District has been estimated at a total cost of about $71,870,000. The Capital Improvement Program (“CIP”) will be built out in phases. The infrastructure will include roads, stormwater management, utilities, community facilities, and off-site improvements. A portion of the project costs are to be funded with the proceeds from the issuance of Bonds and the remainder is intended to be funded by the Developer. The remaining project costs will be funded by a combination of Developer contributions or future bond issues. Upon completion, certain assets will be conveyed for ownership and maintenance. During the current year, the District paid $759,339 to the Developers for the acquisition of infrastructure. NOTE 7 – LONG-TERM LIABILITIES Series 2018 On February 8, 2018, the District issued $2,165,000 of Special Assessment Revenue Bonds, Series 2018, consisting of $1,090,000 Term Bonds due on May 1, 2038 with a fixed interest rate of 4.7% and $1,075,000 Term Bonds due on May 1, 2048 with a fixed interest rate of 4.8%. The Bonds were issued to repay the developer for financing the construction improvements to the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2019 through May 1, 2048. The Series 2018 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024. Series 2021 Phase 2 Bonds On March 5, 2021, the District issued $2,580,000 of Special Assessment Revenue Bonds, Series 2021 “Phase 2 Bonds”, consisting of various Term Bonds with due dates from May 1, 2026 to May 1, 2051 and fixed interest rates ranging from 2.375% to 4%. The Bonds were issued to finance the construction and acquisition of infrastructure improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051. The Series 2021 Phase 2 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. NOTE 7 – LONG-TERM LIABILITIES (Continued) Series 2021 Phase 2 Bonds Continued) The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024. Series 2021 Phase 4A/5A Bonds On March 19, 2021, the District issued $2,660,000 of Special Assessment Revenue Bonds, Series 2021 “Phase 4A/5A Bonds”, consisting of various Term Bonds with due dates from May 1, 2026 to May 1, 2051 and fixed interest rates ranging from 2.5% to 4%. The Bonds were issued to finance the construction and acquisition of infrastructure improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051. The Series 2021 Phase 4A/5A Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024. Series 2022 Phase 3/6 Bonds On November 4, 2022, the District issued $2,120,000 of Special Assessment Revenue Bonds, Series 2022 “Phase 3/6 Bonds”, consisting of various Term Bonds with due dates from May 1, 2032 to May 1, 2053 and fixed interest rates ranging from 5% to 5.85%. The Bonds were issued to repay the Developer for financing the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2023 through May 1, 2053. The Series 2022 Phase 3/6 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2024. Series 2023 Phase 4B/5B Bonds On March 15, 2023, the District issued $2,230,000 of Special Assessment Revenue Bonds, Series 2023 “Phase 4B/5B Bonds”, consisting of various Term Bonds with due dates from May 1, 2030 to May 1, 2053 and fixed interest rates ranging from 4.5% to 5.6%. The Bonds were issued finance a portion of the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2023 through May 1, 2053. NOTE 7 – LONG-TERM LIABILITIES (Continued) Series 2023 Phase 4B/5B Bonds (Continued) The Series 2023 Phase 4B/5B Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2024. Series 2023 Phase 4C Bonds On September 28, 2023, the District issued $1,990,000 of Special Assessment Revenue Bonds, Series 2023 “Phase 4C Project”, consisting of various Term Bonds with due dates from May 1, 2033 to May 1, 2054 and fixed interest rates ranging from 5% to 5.9%. The Bonds were issued finance the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2025 through May 1, 2054. The Series 2023 Phase 4C Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2024. Series 2024 Phase 7 Bonds On June 11, 2024, the District issued $4,720,000 of Special Assessment Revenue Bonds, Series 2024 “Phase 7 Project”, consisting of various Term Bonds with due dates from May 1, 2031 to May 1, 2054 and fixed interest rates ranging from 4.5% to 5.65%. The Bonds were issued finance the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing November 1, 2023 through May 1, 2054. The Series 2024 Phase 7 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2024. NOTE 7 – LONG-TERM LIABILITIES (Continued) Long-term Debt Activity Changes in long-term liabilities for the fiscal year ended September 30, 2024 were as follows: At September 30, 2024, the scheduled debt service requirements on the long - term liabilities were as follows: NOTE 8 – DEVELOPER TRANSACTIONS AND CONCENTRATION Assessments in the general and debt service funds include amounts owned on Developer owned lots. The District’s activities are dependent on the continued involvement of the Developer, the loss which could have a material adverse effect on the District’s operations. NOTE 9 – MANAGEMENT COMPANY The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs. NOTE 10 – RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years. NOTE 11 – SUBSEQUENT EVENTS Bond Payments Subsequent to fiscal year end, the District prepaid a total of $10,000 of the Series 2023 Phase 4B/5B Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 See notes to required supplementary information TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles). The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT CITY OF ST. CLOUD, FLORIDA OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Supervisors Tohoqua Community Development District City of St. Cloud, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Tohoqua Community Development District, City of St. Cloud, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 9, 2025. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. June 9, 2025 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA To the Board of Supervisors Tohoqua Community Development District City of St. Cloud, Florida We have examined Tohoqua Community Development District, City of St. Cloud, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2024. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement. In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024. This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Tohoqua Community Development District, City of St. Cloud, Florida and is not intended to be and should not be used by anyone other than these specified parties. June 9, 2025 MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA To the Board of Supervisors Tohoqua Community Development District City of St. Cloud, Florida Report on the Financial Statements We have audited the accompanying basic financial statements of Tohoqua Community Development District ("District") as of and for the fiscal year ended September 30, 2024 and have issued our report thereon dated June 9, 2025. Auditor’s Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General. Other Reporting Requirements We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 9, 2025, should be considered in conjunction with this management letter. Purpose of this Letter The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following: I. Current year findings and recommendations. II. Status of prior year findings and recommendations. III. Compliance with the Provisions of the Auditor General of the State of Florida. Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Tohoqua Community Development District, City of St. Cloud, Florida and is not intended to be and should not be used by anyone other than these specified parties. We wish to thank Tohoqua Community Development District, City of St. Cloud, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements and the courtesies extended to us. June 9, 2025 REPORT TO MANAGEMENT I. CURRENT YEAR FINDINGS AND RECOMMENDATIONS None II. PRIOR YEAR FINDINGS AND RECOMMENDATIONS None III. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following: 1. A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2023. 2. Any recommendations to improve the local governmental entity's financial management. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2024. 3. Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2024. 4. The name or official title and legal authority of the District are disclosed in the notes to the financial statements. 5. The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes. 6. We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. 7. Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 26. REBATE REPORT $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) June Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Dated: March 5, 2021 Delivered: March 5, 2021 _____________________________________________________ Rebate Report to the Computation Date June 15, 2025 Reflecting Activity To June 15, 2025 TABLE OF CONTENTS AMTEC Opinion 3 Summary of Rebate Computations 4 Summary of Computational Information and Definitions 5 Methodology 7 Sources and Uses 8 Proof of Arbitrage Yield 9 Bond Debt Service 11 Arbitrage Rebate Calculation Detail Report – Project Fund 13 Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund 14 Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund 16 Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund 17 Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits 18 July 2, 2025 Tohoqua Community Development District c/o Ms. Katie Costa Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300 Orlando, FL 32822 Re: $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida), Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Dear Ms. Costa: AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Tohoqua Community Development District (the “District”). The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions. Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage. We have scheduled our next Report as of June 30, 2026. Thank you and should you have any questions, please do not hesitate to contact us. Very truly yours, Michael J. Scarfo Senior Vice President Trong M. Tran Assistant Vice President SUMMARY OF REBATE COMPUTATIONS Our computations, contained in the attached schedules, are summarized as follows: For the June 15, 2025 Computation Date Reflecting Activity from March 5, 2021 through June 15, 2025 Fund Description Taxable Inv Yield Net Income Rebatable Arbitrage Project Fund 0.006778% 144.28 (81,606.99) Debt Service Reserve Fund 2.716420% 8,567.66 (2,364.32) Capitalized Interest Fund 0.005788% 1.84 (1,230.68) Cost of Issuance Fund 0.005387% 0.50 (361.13) Totals 0.349057% $8,714.28 $(85,563.12) Bond Yield 3.418888% Rebate Computation Credits (10,423.27) Net Rebatable Arbitrage $(95,986.39) Based upon our computations, no rebate liability exists. SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS COMPUTATIONAL INFORMATION 1. For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 5, 2021, the date of the closing, to June 15, 2025, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of June 15, 2025. 2. Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior. 3. For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules. 4. Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction. 5. During the period between March 5, 2021 and June 15, 2025, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments. Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year. We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement. DEFINITIONS 6. Computation Date June 15, 2025. 7. Computation Period The period beginning on March 5, 2021, the date of the closing, and ending on June 15, 2025, the Computation Date. 8. Bond Year Each one-year period (or shorter period from the date of issue) that ends at the close of business on June 15th, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds. 9. Bond Yield The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds. 10. Taxable Investment Yield The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment. 11. Issue Price The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold. 12. Rebatable Arbitrage The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield. 13. Funds and Accounts The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows: Fund / Account Account Number Project Fund 250329005 Debt Service Reserve Fund 250329003 Capitalized Interest Fund 250329007 Cost of Issuance Fund 250329006 Principal 250329002 Interest 250329001 Revenue 250329000 Prepayment 250329004 METHODOLOGY Bond Yield The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds. Investment Yield and Rebate Amount The methodology used to calculate the Rebatable Arbitrage, as of June 15, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 15, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 15, 2025, is the Rebatable Arbitrage. $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Delivered: March 5, 2021 Sources of Funds Par Amount $2,580,000.00 Original Issue Premium 33,139.85 Total $2,613,139.85 Uses of Funds Project Fund $2,256,979.90 Debt Service Reserve Fund 72,381.26 Capitalized Interest Fund 59,028.69 Cost of Issuance Fund 178,150.00 Underwriter’s Discount 46,600.00 Total $2,613,139.85 Prepared by AMTEC (Finance 8.800) PROOF OF ARBITRAGE YIELD $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Present Value to 03/05/2021 Date Debt Service @ 3.4188876366% 05/01/2021 14,006.81 13,933.14 11/01/2021 45,021.88 44,032.38 05/01/2022 100,021.88 96,179.45 11/01/2022 44,368.75 41,947.22 05/01/2023 99,368.75 92,366.51 11/01/2023 43,715.63 39,952.15 05/01/2024 98,715.63 88,700.91 11/01/2024 43,062.50 38,043.47 05/01/2025 98,062.50 85,177.04 11/01/2025 42,409.38 36,217.65 05/01/2026 102,409.38 85,987.79 11/01/2026 41,696.88 34,422.25 05/01/2027 101,696.88 82,543.35 11/01/2027 40,834.38 32,586.61 05/01/2028 100,834.38 79,115.31 11/01/2028 39,971.88 30,835.09 05/01/2029 104,971.88 79,616.36 11/01/2029 39,037.50 29,110.53 05/01/2030 104,037.50 76,277.54 11/01/2030 38,103.13 27,466.68 05/01/2031 1,278,103.13 905,837.16 11/01/2031 13,668.75 9,524.71 05/01/2032 83,668.75 57,322.48 11/01/2032 12,487.50 8,411.55 05/01/2033 82,487.50 54,629.50 11/01/2033 11,306.25 7,362.01 05/01/2034 86,306.25 55,253.37 11/01/2034 10,040.63 6,319.99 05/01/2035 85,040.63 52,628.44 11/01/2035 8,775.00 5,339.24 05/01/2036 88,775.00 53,108.27 11/01/2036 7,425.00 4,367.24 05/01/2037 87,425.00 50,557.38 11/01/2037 6,075.00 3,454.09 05/01/2038 91,075.00 50,912.63 11/01/2038 4,640.63 2,550.60 05/01/2039 94,640.63 51,142.43 11/01/2039 3,121.88 1,658.67 05/01/2040 93,121.88 48,644.41 11/01/2040 1,603.13 823.36 05/01/2041 96,603.13 48,780.90 3,588,738.17 2,613,139.85 Proceeds Summary Delivery date 03/05/2021 Par Value 2,580,000.00 Premium (Discount) 33,139.85 Target for yield calculation 2,613,139.85 Prepared by AMTEC (Finance 8.800) PROOF OF ARBITRAGE YIELD $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Assumed Call/Computation Dates for Premium Bonds Bond Maturity Call Call Yield To Component Date Rate Yield Date Price Call/Maturity TERM04 05/01/2042 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2043 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2044 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2045 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2046 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2047 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2048 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2049 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2050 4.000% 3.650% 05/01/2031 100.000 3.6509038% TERM04 05/01/2051 4.000% 3.650% 05/01/2031 100.000 3.6509038% Rejected Call/Computation Dates for Premium Bonds Bond Maturity Call Call Yield To Increase Component Date Rate Yield Date Price Call/Maturity to Yield TERM04 05/01/2042 4.000% 3.650% 3.7965809% 0.1456771% TERM04 05/01/2043 4.000% 3.650% 3.8024629% 0.1515591% TERM04 05/01/2044 4.000% 3.650% 3.8078073% 0.1569035% TERM04 05/01/2045 4.000% 3.650% 3.8126812% 0.1617774% TERM04 05/01/2046 4.000% 3.650% 3.8171408% 0.1662370% TERM04 05/01/2047 4.000% 3.650% 3.8212339% 0.1703301% TERM04 05/01/2048 4.000% 3.650% 3.8250011% 0.1740973% TERM04 05/01/2049 4.000% 3.650% 3.8284774% 0.1775736% TERM04 05/01/2050 4.000% 3.650% 3.8316928% 0.1807890% TERM04 05/01/2051 4.000% 3.650% 3.8346735% 0.1837697% Prepared by AMTEC (Finance 8.800) BOND DEBT SERVICE $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Period Annual Ending Principal Coupon Interest Debt Service Debt Service 03/05/2021 05/01/2021 14,006.81 14,006.81 14,006.81 11/01/2021 45,021.88 45,021.88 05/01/2022 55,000 2.375% 45,021.88 100,021.88 145,043.76 11/01/2022 44,368.75 44,368.75 05/01/2023 55,000 2.375% 44,368.75 99,368.75 143,737.50 11/01/2023 43,715.63 43,715.63 05/01/2024 55,000 2.375% 43,715.63 98,715.63 142,431.26 11/01/2024 43,062.50 43,062.50 05/01/2025 55,000 2.375% 43,062.50 98,062.50 141,125.00 11/01/2025 42,409.38 42,409.38 05/01/2026 60,000 2.375% 42,409.38 102,409.38 144,818.76 11/01/2026 41,696.88 41,696.88 05/01/2027 60,000 2.875% 41,696.88 101,696.88 143,393.76 11/01/2027 40,834.38 40,834.38 05/01/2028 60,000 2.875% 40,834.38 100,834.38 141,668.76 11/01/2028 39,971.88 39,971.88 05/01/2029 65,000 2.875% 39,971.88 104,971.88 144,943.76 11/01/2029 39,037.50 39,037.50 05/01/2030 65,000 2.875% 39,037.50 104,037.50 143,075.00 11/01/2030 38,103.13 38,103.13 05/01/2031 65,000 2.875% 38,103.13 103,103.13 141,206.26 11/01/2031 37,168.75 37,168.75 05/01/2032 70,000 3.375% 37,168.75 107,168.75 144,337.50 11/01/2032 35,987.50 35,987.50 05/01/2033 70,000 3.375% 35,987.50 105,987.50 141,975.00 11/01/2033 34,806.25 34,806.25 05/01/2034 75,000 3.375% 34,806.25 109,806.25 144,612.50 11/01/2034 33,540.63 33,540.63 05/01/2035 75,000 3.375% 33,540.63 108,540.63 142,081.26 11/01/2035 32,275.00 32,275.00 05/01/2036 80,000 3.375% 32,275.00 112,275.00 144,550.00 11/01/2036 30,925.00 30,925.00 05/01/2037 80,000 3.375% 30,925.00 110,925.00 141,850.00 11/01/2037 29,575.00 29,575.00 05/01/2038 85,000 3.375% 29,575.00 114,575.00 144,150.00 11/01/2038 28,140.63 28,140.63 05/01/2039 90,000 3.375% 28,140.63 118,140.63 146,281.26 11/01/2039 26,621.88 26,621.88 05/01/2040 90,000 3.375% 26,621.88 116,621.88 143,243.76 11/01/2040 25,103.13 25,103.13 05/01/2041 95,000 3.375% 25,103.13 120,103.13 145,206.26 11/01/2041 23,500.00 23,500.00 05/01/2042 95,000 4.000% 23,500.00 118,500.00 142,000.00 11/01/2042 21,600.00 21,600.00 05/01/2043 100,000 4.000% 21,600.00 121,600.00 143,200.00 11/01/2043 19,600.00 19,600.00 05/01/2044 105,000 4.000% 19,600.00 124,600.00 144,200.00 11/01/2044 17,500.00 17,500.00 05/01/2045 110,000 4.000% 17,500.00 127,500.00 145,000.00 11/01/2045 15,300.00 15,300.00 05/01/2046 115,000 4.000% 15,300.00 130,300.00 145,600.00 11/01/2046 13,000.00 13,000.00 05/01/2047 120,000 4.000% 13,000.00 133,000.00 146,000.00 11/01/2047 10,600.00 10,600.00 05/01/2048 125,000 4.000% 10,600.00 135,600.00 146,200.00 11/01/2048 8,100.00 8,100.00 05/01/2049 130,000 4.000% 8,100.00 138,100.00 146,200.00 Prepared by AMTEC (Finance 8.800) BOND DEBT SERVICE $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Period Annual Ending Principal Coupon Interest Debt Service Debt Service 11/01/2049 5,500.00 5,500.00 05/01/2050 135,000 4.000% 5,500.00 140,500.00 146,000.00 11/01/2050 2,800.00 2,800.00 05/01/2051 140,000 4.000% 2,800.00 142,800.00 145,600.00 2,580,000 1,753,738.17 4,333,738.17 4,333,738.17 $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Project Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 03/05/21 Beg Bal -2,256,979.90 -2,609,200.94 05/25/21 683,601.73 784,352.54 08/27/21 from COI -9,617.33 -10,939.57 09/28/21 1,924.00 2,182.14 09/28/21 241.25 273.62 09/28/21 770.00 873.31 09/28/21 667.50 757.06 01/11/22 52.50 58.97 02/07/22 1,050.00 1,176.50 03/22/22 633.75 707.10 05/16/22 165.00 183.16 06/06/22 1,577,365.25 1,747,704.52 04/04/23 225.00 242.40 09/28/23 -241.25 -255.68 04/23/24 -225.00 -233.90 06/15/25 Bal 510.89 510.89 06/15/25 Acc 0.89 0.89 ---------------------------------------------------------------- 06/15/25 TOTALS: 144.28 -81,606.99 ---------------------------------------------------------------- ISSUE DATE: 03/05/21 REBATABLE ARBITRAGE: -81,606.99 COMP DATE: 06/15/25 NET INCOME: 144.28 BOND YIELD: 3.418888% TAX INV YIELD: 0.006778% $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Debt Service Reserve Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 03/05/21 Beg Bal -72,381.26 -83,676.98 04/02/21 0.27 0.31 05/04/21 0.30 0.34 06/02/21 0.31 0.36 07/02/21 0.30 0.34 08/03/21 0.31 0.35 09/02/21 0.31 0.35 11/02/21 0.31 0.35 12/02/21 0.30 0.34 01/04/22 0.31 0.35 02/02/22 0.31 0.35 03/02/22 0.28 0.31 04/04/22 0.31 0.35 05/03/22 0.30 0.33 06/02/22 0.31 0.34 07/05/22 0.30 0.33 08/02/22 0.31 0.34 09/02/22 47.74 52.47 10/04/22 89.24 97.78 11/02/22 109.46 119.62 12/02/22 116.01 126.43 01/04/23 135.24 146.94 02/02/23 143.87 155.90 03/02/23 130.48 140.99 04/04/23 176.10 189.72 05/02/23 219.72 236.09 06/02/23 227.46 243.71 07/05/23 226.07 241.47 08/01/23 263.45 280.71 09/05/23 328.89 349.32 10/03/23 318.28 337.16 11/02/23 328.93 347.49 12/04/23 316.00 332.83 01/03/24 324.76 341.12 02/02/24 321.86 337.15 03/04/24 301.14 314.50 04/02/24 321.99 335.39 05/02/24 311.52 323.57 06/04/24 321.90 333.34 07/02/24 311.52 321.75 08/02/24 321.71 331.33 09/04/24 321.66 330.28 10/02/24 299.42 306.64 11/04/24 291.00 297.12 12/03/24 270.32 275.25 01/03/25 269.24 273.38 02/04/25 261.05 264.29 $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Debt Service Reserve Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 03/04/25 235.79 238.04 04/02/25 261.05 262.85 05/02/25 252.63 253.66 06/03/25 261.02 261.32 06/15/25 Bal 72,381.26 72,381.26 06/15/25 Acc 126.30 126.30 ---------------------------------------------------------------- 06/15/25 TOTALS: 8,567.66 -2,364.32 ---------------------------------------------------------------- ISSUE DATE: 03/05/21 REBATABLE ARBITRAGE: -2,364.32 COMP DATE: 06/15/25 NET INCOME: 8,567.66 BOND YIELD: 3.418888% TAX INV YIELD: 2.716420% $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Capitalized Interest Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 03/05/21 Beg Bal -59,028.69 -68,240.62 04/02/21 -0.27 -0.31 05/03/21 14,006.80 16,104.48 05/04/21 -0.30 -0.34 06/02/21 -0.31 -0.36 07/02/21 -0.30 -0.34 08/02/21 -0.31 -0.35 09/02/21 -0.31 -0.35 10/04/21 -0.30 -0.34 11/01/21 45,021.88 50,904.01 11/02/21 -0.31 -0.35 12/02/21 -0.30 -0.34 01/04/22 -0.31 -0.35 02/02/22 -0.31 -0.35 03/02/22 -0.28 -0.31 04/04/22 -0.31 -0.35 05/02/22 5.54 6.16 05/03/22 -0.30 -0.33 06/02/22 -0.31 -0.34 07/05/22 -0.30 -0.33 08/02/22 -0.31 -0.34 09/02/22 -47.74 -52.47 10/04/22 -89.24 -97.78 10/28/22 138.26 151.16 11/02/22 0.17 0.19 ---------------------------------------------------------------- 06/15/25 TOTALS: 1.84 -1,230.68 ---------------------------------------------------------------- ISSUE DATE: 03/05/21 REBATABLE ARBITRAGE: -1,230.68 COMP DATE: 06/15/25 NET INCOME: 1.84 BOND YIELD: 3.418888% TAX INV YIELD: 0.005788% $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Cost of Issuance Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 03/05/21 Beg Bal -178,150.00 -205,951.83 03/05/21 6,000.00 6,936.35 03/05/21 35,000.00 40,462.05 03/05/21 30,000.00 34,681.76 03/05/21 46,500.00 53,756.72 03/05/21 1,750.00 2,023.10 03/22/21 5,425.00 6,261.59 03/25/21 36,000.00 41,539.80 06/25/21 5,245.20 6,001.27 06/29/21 2,612.90 2,988.41 07/01/21 0.07 0.08 08/27/21 to PF 9,617.33 10,939.57 ---------------------------------------------------------------- 06/15/25 TOTALS: 0.50 -361.13 ---------------------------------------------------------------- ISSUE DATE: 03/05/21 REBATABLE ARBITRAGE: -361.13 COMP DATE: 06/15/25 NET INCOME: 0.50 BOND YIELD: 3.418888% TAX INV YIELD: 0.005387% $2,580,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 2 Project) Rebate Computation Credits ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.418888%) 06/15/21 -1,780.00 -2,038.50 06/15/22 -1,830.00 -2,025.90 06/15/23 -1,960.00 -2,097.50 06/15/24 -2,070.00 -2,141.38 06/15/25 -2,120.00 -2,120.00 ---------------------------------------------------------------- 06/15/25 TOTALS: -9,760.00 -10,423.27 ---------------------------------------------------------------- ISSUE DATE: 03/05/21 REBATABLE ARBITRAGE: -10,423.27 COMP DATE: 06/15/25 BOND YIELD: 3.418888% REBATE REPORT $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Dated: March 19, 2021 Delivered: March 19, 2021 _____________________________________________________ Rebate Report to the Computation Date June 15, 2025 Reflecting Activity To June 15, 2025 TABLE OF CONTENTS AMTEC Opinion 3 Summary of Rebate Computations 4 Summary of Computational Information and Definitions 5 Methodology 7 Sources and Uses 8 Proof of Arbitrage Yield 9 Bond Debt Service 11 Arbitrage Rebate Calculation Detail Report – Project Fund 13 Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund 14 Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund 16 Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund 17 Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits 18 July 2, 2025 Tohoqua Community Development District c/o Ms. Katie Costa Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300 Orlando, FL 32822 Re: $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida), Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Dear Ms. Costa: AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Tohoqua Community Development District (the “District”). The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions. Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage. We have scheduled our next Report as of June 30, 2026. Thank you and should you have any questions, please do not hesitate to contact us. Very truly yours, Michael J. Scarfo Senior Vice President Trong M. Tran Assistant Vice President SUMMARY OF REBATE COMPUTATIONS Our computations, contained in the attached schedules, are summarized as follows: For the June 15, 2025 Computation Date Reflecting Activity from March 19, 2021 through June 15, 2025 Fund Description Taxable Inv Yield Net Income Rebatable Arbitrage Project Fund 0.005067% 103.45 (86,404.66) Debt Service Reserve Fund 2.742372% 8,919.19 (3,422.55) Capitalized Interest Fund 0.005805% 1.80 (1,320.89) Cost of Issuance Fund 0.000000% 0.00 0.00 Totals 0.374365% $9,024.44 $(91,148.10) Bond Yield 3.723500% Rebate Computation Credits (10,485.10) Net Rebatable Arbitrage $(101,633.20) Based upon our computations, no rebate liability exists. SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS COMPUTATIONAL INFORMATION 1. For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 19, 2021, the date of the closing, to June 15, 2025, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of June 15, 2025. 2. Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior. 3. For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules. 4. Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction. 5. During the period between March 19, 2021 and June 15, 2025, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments. Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year. We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement. DEFINITIONS 6. Computation Date June 15, 2025. 7. Computation Period The period beginning on March 19, 2021, the date of the closing, and ending on June 15, 2025, the Computation Date. 8. Bond Year Each one-year period (or shorter period from the date of issue) that ends at the close of business on June 15th, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds. 9. Bond Yield The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds. 10. Taxable Investment Yield The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment. 11. Issue Price The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold. 12. Rebatable Arbitrage The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield. 13. Funds and Accounts The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows: Fund Account Number Project Fund 250036005 Debt Service Reserve Fund 250036003 Capitalized Interest Fund 250036007 Principal 250036002 Interest 250036001 Revenue 250036000 Prepayment 250036004 METHODOLOGY Bond Yield The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds. Investment Yield and Rebate Amount The methodology used to calculate the Rebatable Arbitrage, as of June 15, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 15, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 15, 2025, is the Rebatable Arbitrage. $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Delivered: March 19, 2021 Sources of Funds Par Amount $2,660,000.00 Original Issue Premium 20,371.75 Total $2,680,371.75 Uses of Funds Project Fund $2,294,934.75 Debt Service Reserve Fund 75,350.00 Capitalized Interest Fund 59,237.00 Cost of Issuance Fund 197,650.00 Underwriter’s Discount 53,200.00 Total $2,680,371.75 Prepared by AMTEC (Finance 8.800) PROOF OF ARBITRAGE YIELD $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Present Value to 03/19/2021 Date Debt Service @ 3.7235001760% 05/01/2021 11,207.00 11,158.87 11/01/2021 48,030.00 46,949.63 05/01/2022 103,030.00 98,871.74 11/01/2022 47,342.50 44,601.40 05/01/2023 102,342.50 94,654.71 11/01/2023 46,655.00 42,361.69 05/01/2024 101,655.00 90,613.45 11/01/2024 45,967.50 40,225.71 05/01/2025 100,967.50 86,740.77 11/01/2025 45,280.00 38,188.88 05/01/2026 105,280.00 87,169.64 11/01/2026 44,530.00 36,196.03 05/01/2027 104,530.00 83,413.83 11/01/2027 43,592.50 34,150.56 05/01/2028 103,592.50 79,671.53 11/01/2028 42,655.00 32,205.77 05/01/2029 107,655.00 79,797.04 11/01/2029 41,639.38 30,300.22 05/01/2030 106,639.38 76,181.22 11/01/2030 40,623.75 28,490.44 05/01/2031 110,623.75 76,165.17 11/01/2031 39,530.00 26,719.22 05/01/2032 109,530.00 72,680.66 11/01/2032 38,270.00 24,930.62 05/01/2033 113,270.00 72,440.00 11/01/2033 36,920.00 23,180.04 05/01/2034 111,920.00 68,984.09 11/01/2034 35,570.00 21,523.55 05/01/2035 115,570.00 68,653.73 11/01/2035 34,130.00 19,904.17 05/01/2036 114,130.00 65,342.62 11/01/2036 32,690.00 18,373.86 05/01/2037 117,690.00 64,940.26 11/01/2037 31,160.00 16,879.55 05/01/2038 121,160.00 64,433.46 11/01/2038 29,540.00 15,422.39 05/01/2039 119,540.00 61,269.34 11/01/2039 27,920.00 14,048.64 05/01/2040 122,920.00 60,719.78 11/01/2040 26,210.00 12,710.53 05/01/2041 121,210.00 57,706.38 11/01/2041 24,500.00 11,450.92 05/01/2042 124,500.00 57,125.82 11/01/2042 22,500.00 10,135.25 05/01/2043 127,500.00 56,383.37 11/01/2043 20,400.00 8,856.45 05/01/2044 130,400.00 55,577.14 11/01/2044 18,200.00 7,615.16 05/01/2045 133,200.00 54,714.26 11/01/2045 15,900.00 6,411.83 05/01/2046 135,900.00 53,801.39 11/01/2046 13,500.00 5,246.83 05/01/2047 138,500.00 52,844.72 11/01/2047 11,000.00 4,120.34 05/01/2048 141,000.00 51,849.99 11/01/2048 8,400.00 3,032.48 05/01/2049 143,400.00 50,822.55 Prepared by AMTEC (Finance 8.800) PROOF OF ARBITRAGE YIELD $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Present Value to 03/19/2021 Date Debt Service @ 3.7235001760% 11/01/2049 5,700.00 1,983.22 05/01/2050 145,700.00 49,767.35 11/01/2050 2,900.00 972.46 05/01/2051 147,900.00 48,689.00 4,513,718.26 2,680,371.75 Proceeds Summary Delivery date 03/19/2021 Par Value 2,660,000.00 Premium (Discount) 20,371.75 Target for yield calculation 2,680,371.75 Prepared by AMTEC (Finance 8.800) BOND DEBT SERVICE $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Period Annual Ending Principal Coupon Interest Debt Service Debt Service 03/19/2021 05/01/2021 11,207.00 11,207.00 11,207.00 11/01/2021 48,030.00 48,030.00 05/01/2022 55,000 2.500% 48,030.00 103,030.00 151,060.00 11/01/2022 47,342.50 47,342.50 05/01/2023 55,000 2.500% 47,342.50 102,342.50 149,685.00 11/01/2023 46,655.00 46,655.00 05/01/2024 55,000 2.500% 46,655.00 101,655.00 148,310.00 11/01/2024 45,967.50 45,967.50 05/01/2025 55,000 2.500% 45,967.50 100,967.50 146,935.00 11/01/2025 45,280.00 45,280.00 05/01/2026 60,000 2.500% 45,280.00 105,280.00 150,560.00 11/01/2026 44,530.00 44,530.00 05/01/2027 60,000 3.125% 44,530.00 104,530.00 149,060.00 11/01/2027 43,592.50 43,592.50 05/01/2028 60,000 3.125% 43,592.50 103,592.50 147,185.00 11/01/2028 42,655.00 42,655.00 05/01/2029 65,000 3.125% 42,655.00 107,655.00 150,310.00 11/01/2029 41,639.38 41,639.38 05/01/2030 65,000 3.125% 41,639.38 106,639.38 148,278.76 11/01/2030 40,623.75 40,623.75 05/01/2031 70,000 3.125% 40,623.75 110,623.75 151,247.50 11/01/2031 39,530.00 39,530.00 05/01/2032 70,000 3.600% 39,530.00 109,530.00 149,060.00 11/01/2032 38,270.00 38,270.00 05/01/2033 75,000 3.600% 38,270.00 113,270.00 151,540.00 11/01/2033 36,920.00 36,920.00 05/01/2034 75,000 3.600% 36,920.00 111,920.00 148,840.00 11/01/2034 35,570.00 35,570.00 05/01/2035 80,000 3.600% 35,570.00 115,570.00 151,140.00 11/01/2035 34,130.00 34,130.00 05/01/2036 80,000 3.600% 34,130.00 114,130.00 148,260.00 11/01/2036 32,690.00 32,690.00 05/01/2037 85,000 3.600% 32,690.00 117,690.00 150,380.00 11/01/2037 31,160.00 31,160.00 05/01/2038 90,000 3.600% 31,160.00 121,160.00 152,320.00 11/01/2038 29,540.00 29,540.00 05/01/2039 90,000 3.600% 29,540.00 119,540.00 149,080.00 11/01/2039 27,920.00 27,920.00 05/01/2040 95,000 3.600% 27,920.00 122,920.00 150,840.00 11/01/2040 26,210.00 26,210.00 05/01/2041 95,000 3.600% 26,210.00 121,210.00 147,420.00 11/01/2041 24,500.00 24,500.00 05/01/2042 100,000 4.000% 24,500.00 124,500.00 149,000.00 11/01/2042 22,500.00 22,500.00 05/01/2043 105,000 4.000% 22,500.00 127,500.00 150,000.00 11/01/2043 20,400.00 20,400.00 05/01/2044 110,000 4.000% 20,400.00 130,400.00 150,800.00 11/01/2044 18,200.00 18,200.00 05/01/2045 115,000 4.000% 18,200.00 133,200.00 151,400.00 11/01/2045 15,900.00 15,900.00 05/01/2046 120,000 4.000% 15,900.00 135,900.00 151,800.00 11/01/2046 13,500.00 13,500.00 05/01/2047 125,000 4.000% 13,500.00 138,500.00 152,000.00 11/01/2047 11,000.00 11,000.00 05/01/2048 130,000 4.000% 11,000.00 141,000.00 152,000.00 11/01/2048 8,400.00 8,400.00 05/01/2049 135,000 4.000% 8,400.00 143,400.00 151,800.00 Prepared by AMTEC (Finance 8.800) BOND DEBT SERVICE $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Period Annual Ending Principal Coupon Interest Debt Service Debt Service 11/01/2049 5,700.00 5,700.00 05/01/2050 140,000 4.000% 5,700.00 145,700.00 151,400.00 11/01/2050 2,900.00 2,900.00 05/01/2051 145,000 4.000% 2,900.00 147,900.00 150,800.00 2,660,000 1,853,718.26 4,513,718.26 4,513,718.26 $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Project Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 03/19/21 Beg Bal -2,294,934.75 -2,683,409.49 08/27/21 -18,839.97 -21,675.29 08/30/21 635,166.95 730,531.57 09/28/21 1,125.00 1,290.20 09/28/21 745.00 854.40 09/28/21 105.00 120.42 02/07/22 1,035.00 1,171.40 04/08/22 1,675,691.38 1,884,702.29 06/15/25 Bal 9.82 9.82 06/15/25 Acc 0.02 0.02 ---------------------------------------------------------------- 06/15/25 TOTALS: 103.45 -86,404.66 ---------------------------------------------------------------- ISSUE DATE: 03/19/21 REBATABLE ARBITRAGE: -86,404.66 COMP DATE: 06/15/25 NET INCOME: 103.45 BOND YIELD: 3.723500% TAX INV YIELD: 0.005067% $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Debt Service Reserve Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 03/19/21 Beg Bal -75,350.00 -88,104.86 04/02/21 0.13 0.15 05/04/21 0.31 0.36 06/02/21 0.32 0.37 07/02/21 0.31 0.36 08/03/21 0.32 0.37 09/02/21 0.32 0.37 10/04/21 0.31 0.36 11/02/21 0.32 0.37 12/02/21 0.31 0.35 01/04/22 0.32 0.36 02/02/22 0.32 0.36 03/02/22 0.29 0.33 04/04/22 0.32 0.36 05/03/22 0.31 0.35 06/02/22 0.32 0.36 07/05/22 0.31 0.35 08/02/22 0.32 0.36 09/02/22 49.70 55.08 10/04/22 92.90 102.62 11/02/22 113.95 125.51 12/02/22 120.77 132.62 01/04/23 140.79 154.09 02/02/23 149.77 163.45 03/02/23 135.84 147.79 04/04/23 183.32 198.80 05/02/23 228.73 247.33 06/02/23 236.78 255.25 07/05/23 235.34 252.84 08/01/23 274.25 293.86 09/05/23 342.38 365.59 10/03/23 331.33 352.78 11/02/23 342.43 363.51 12/04/23 328.96 348.07 01/03/24 338.08 356.66 02/02/24 335.06 352.42 03/04/24 313.49 328.66 04/02/24 335.20 350.41 05/02/24 324.30 337.97 06/04/24 335.11 348.10 07/02/24 324.30 335.90 08/02/24 334.91 345.83 09/04/24 334.85 344.63 10/02/24 311.70 319.89 11/04/24 302.93 309.87 12/03/24 281.40 286.99 01/03/25 280.28 284.97 $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Debt Service Reserve Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 02/04/25 271.76 275.43 03/04/25 245.46 248.01 04/02/25 271.76 273.80 05/02/25 262.99 264.15 06/03/25 271.73 272.06 06/15/25 Bal 75,350.00 75,350.00 06/15/25 Acc 131.48 131.48 ---------------------------------------------------------------- 06/15/25 TOTALS: 8,919.19 -3,422.55 ---------------------------------------------------------------- ISSUE DATE: 03/19/21 REBATABLE ARBITRAGE: -3,422.55 COMP DATE: 06/15/25 NET INCOME: 8,919.19 BOND YIELD: 3.723500% TAX INV YIELD: 2.742372% $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Capitalized Interest Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 03/19/21 -59,237.00 -69,264.33 04/02/21 -0.13 -0.15 05/03/21 11,207.01 13,045.12 05/04/21 -0.31 -0.36 06/02/21 -0.32 -0.37 07/01/21 -0.31 -0.36 08/03/21 -0.32 -0.37 09/02/21 -0.32 -0.37 10/04/21 -0.31 -0.36 11/01/21 48,030.00 54,897.02 11/02/21 -0.32 -0.37 12/02/21 -0.31 -0.35 01/04/22 -0.32 -0.36 02/02/22 -0.32 -0.36 03/02/22 -0.29 -0.33 04/04/22 -0.32 -0.36 05/02/22 5.45 6.11 05/03/22 -0.31 -0.35 06/02/22 -0.32 -0.36 07/05/22 -0.31 -0.35 08/02/22 -0.32 -0.36 09/02/22 -49.70 -55.08 10/04/22 -92.90 -102.62 10/28/22 143.92 158.59 11/02/22 -113.95 -125.51 11/02/22 0.18 0.20 11/04/22 113.95 125.49 ---------------------------------------------------------------- 06/15/25 TOTALS: 1.80 -1,320.89 ---------------------------------------------------------------- ISSUE DATE: 03/19/21 REBATABLE ARBITRAGE: -1,320.89 COMP DATE: 06/15/25 NET INCOME: 1.80 BOND YIELD: 3.723500% TAX INV YIELD: 0.005805% $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Cost of Issuance Fund ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 03/19/21 Beg Bal -197,650.00 -231,107.17 03/19/21 197,650.00 231,107.17 ---------------------------------------------------------------- 06/15/25 TOTALS: 0.00 0.00 ---------------------------------------------------------------- ISSUE DATE: 03/19/21 REBATABLE ARBITRAGE: 0.00 COMP DATE: 06/15/25 NET INCOME: 0.00 BOND YIELD: 3.723500% TAX INV YIELD: 0.000000% $2,660,000 Tohoqua Community Development District (City of St. Cloud, Florida) Special Assessment Revenue Bonds, Series 2021 (Phase 4A/5A Project) Rebate Computation Credits ARBITRAGE REBATE CALCULATION DETAIL REPORT FUTURE VALUE @ RECEIPTS BOND YIELD OF DATE DESCRIPTION (PAYMENTS) (3.723500%) 06/15/21 -1,780.00 -2,063.05 06/15/22 -1,830.00 -2,044.17 06/15/23 -1,960.00 -2,110.09 06/15/24 -2,070.00 -2,147.79 06/15/25 -2,120.00 -2,120.00 ---------------------------------------------------------------- 06/15/25 TOTALS: -9,760.00 -10,485.10 ---------------------------------------------------------------- ISSUE DATE: 03/19/21 REBATABLE ARBITRAGE: -10,485.10 COMP DATE: 06/15/25 BOND YIELD: 3.723500% Tohoqua Community Development District Community Development District 7 (PHASE 7 PROJECT) ACQUISITION & REQUISITION #1 PHASE 7 (PHASE 7 PROJECT) ACQUISITION & REQUISITION #1 Prepared For , 2025 Tohoqua Community Development District | Orlando, Florida 32803 | Tel: 407.487.2594 | www.poulosandbennett.com FBPE Certificate of Authorization No. 2856 TABLE OF CONTENTS ABLE OF CONTENTS No. 1 1 for Disbursement Section 1 Requisition No. 1 No. 1 Summary Requisition No. 1 for Disbursement : Summary of Costs for Requisition #1 Requisition No. 1 Summary Table 1: Summary of Costs for Requisition #1 Exhibits 1: Proposed Public & Private Uses Within CDD Section 2 Infrastructure Exhibits Exhibit 1: Proposed Public & Private Uses Within CDD Exhibit 2: Potable Water Distribution System Wastewater Collection System Exhibit 3: Reclaimed Water Distribution System Exhibit 4: Wastewater Collection System 3 Exhibit 5: Stormwater Collection System Section 3 Supplemental Documents Exhibit A: Contractor Construction Pay Applications C: Potable Total Clearance Exhibit B: Contractor Construction Lien Releases D1: Phase 7-1A Wastewater Partial Clearance Exhibit C: Potable Total Clearance -1B Wastewater Partial Clearance Exhibit D1: Phase 7-1A Wastewater Partial Clearance Reclaim Water Pressure Test Report Exhibit D2: Phase 7-1B Wastewater Partial Clearance -Built Certification Exhibit E: Reclaim Water Pressure Test Report G: Bill of Sale Exhibit F: Stormwater As-Built Certification H: Tohoqua Phase 7 Recorded Plats REQUISITION NO. 1 SUMMARY EQUISITION NO. 1 SUMMARY Community Development District (CDD) Acquisition & Requisition Request No. 1 is detailed in the following report. Requisition No. 1 is for the Phase 7 (Phase 7 Project). Phase 7 is recorded in Plat Book 33 Pages 139-146, (see Exhibit H). Phase 7 includes 334 residential lots. 1 includes the reimbursement request from Lennar Homes for Phase 7 per Exhibit 12 capital improvement costs of the Seventh Supplemental CDD Engineer’s Report as dated April 16, 2024. The request includes the following infrastructure: • Requisition No. 1 includes the reimbursement request from Lennar Homes for Phase 7 per Exhibit 12 capital improvement costs of the Seventh Supplemental CDD Engineer’s Report as dated April 16, 2024. The request includes the following infrastructure: (See Exhibit 2 – 5) o Facilities (See Exhibit 2 – 5) o Potable Water System o Reclaim Water System o Sanitary Sewer System oand the Exhibits referenced above provide additional details on costs, scope, and percentage of applicable costs which applies to the Phase 7 Project. Stormwater System provides a summary of the percentage that is reimbursable based on CDD infrastructure related to the above facilities. Requisition No. 1 includes the construction costs paid by Lennar to Brockman Site Development based on Pay Applications for the period ending December 31, 2024 for Phase 7 as reviewed by Poulos & Bennett, LLC. Section 1 Requisition No. 1 TOHOQUA COMMUNITY DEVELOPMENT DISTRICT SERIES 2024 (PHASE 7 PROJECT) BONDS COMMUNITY DEVELOPMENT DISTRICT 2024 (PHASE 7 PROJECT) BONDS The undersigned, a Responsible Officer of the Tohoqua Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank National Association, as trustee (the “Trustee”), dated as of February 1, 2018, as supplemented by that certain Fourth Supplemental Trust Indenture dated as March 1, 2023 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture): 7 (PHASE 7 PROJECT) (B) Identify Acquisition Agreement, if applicable; Series 2024 (Phase 7 Project) Bonds; (C) Name of Payee pursuant to Acquisition Agreement: Pulte Home Company LLC Tohoqua Community Development District (the (D) Amount Payable: $5,262,417.66 (E) Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): and U.S. Bank National Association, as trustee (the “Trustee”), dated as of February 1, 2018, as supplemented by that certain Fourth Supplemental Trust Indenture dated as March 1, 2023 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture): The enclosed Requisition No. 1 Includes Costs Associated with the following portions of development located within Phase 7: ) Construction Costs (See Table 1) Requisition No. 1 o) (F) Fund or Account and subaccount, if any, from which disbursement to be made: Agreement, if applicable; Series 2024 (Phase 7 Project) Bonds; Phase 7 Project Account of the Acquisition and Construction Fund ) 1. Obligations in the stated amount set forth above have been incurred by the District, Pulte Home Company LLC 2. Each disbursement set forth above is a proper charge against the Series 2024 (Phase 7 Project) Special Assessments; ) Amount Payable: $5,262,417.66 (E) Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): The enclosed Requisition No. 1 Includes Costs Associated with the following portions of development located within Phase 7: • Construction Costs (See Table 1) o Phase 7 Infrastructure (F) Fund or Account and subaccount, if any, from which disbursement to be made: Phase 7 Project Account of the Acquisition and Construction Fund The undersigned hereby certifies that: 1. Obligations in the stated amount set forth above have been incurred by the District, 2. Each disbursement set forth above is a proper charge against the Series 2024 (Phase 7 Project) Special Assessments; 3. Each disbursement set forth above was incurred in connection with the Cost of the Phase 7 Project; and 4. each disbursement represents a cost of the Phase 7 Project which has not previously been paid. . The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain. the Phase 7 Project which has not previously been paid. Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District. District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof. TOHOQUA COMMUNITY DEVELOPMENT DISTRICT payment on account of any retained percentage which the District is at the date of such certificate entitled to retain. By: respect to which disbursement is hereby requested are on file with the District. Responsible Officer COMMUNITY DEVELOPMENT DISTRICT Responsible Officer Date:_______________________________ -COST OF ISSUANCE REQUESTS ONLY CONSULTING ENGINEER’S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY the Phase 7 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified. The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the Phase 7 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified. 2 DESCRIPTION TOTAL AMOUNTt UNIT7 REQ #1AMOUNT1 12" Gate Valves5 7DESCRIPTION TOTAL AMOUNT EA QTY $5,510.4338,573.01$ COST 100.0% AMOUNT 12" PVC Water Main 190,798.80$ 2,230 LF $85.56190,798.80$ 100.0% 8" Gate Valves148,953.60$ 48 EA $3,103.20148,953.60$ 100.0% 8" PVC Water Main416,658.76$ 9,212 LF $45.23416,658.76$ 100.0% 4" Gate Valves1,996.33$ 1 EA $1,996.331,996.33$ 100.0% 4" PVC Water Main5,796.00$ 300 LF $19.325,796.00$ 100.0% Connect to Existing Water Main w/Temp jump22,487.29$ 7 LS $3,212.4722,487.29$ 100.0% Fire Hydrant Assembly (Includes Gate Valve & Tee)173,335.89$ 21 EA $8,254.09173,335.89$ 100.0% Miscellaneous Fittings159,579.94$ 1 LS $159,579.94159,579.94$ 100.0% Temporary Blow-Off Assembly (Hydro-Guard)18,407.55$ 7 EA $2,629.6518,407.55$ 100.0% Water Main Testing22,597.26$ 1 LF $22,597.2622,597.26$ 100.0% Subtotal1,199,184.43$ 1,199,184.43$ 100.0% 4" PVC Reuse Water Main 792.96$ 32LF$24.78792.96$ 100.0% 6" Gate Valves62,106.75$ 27EA$2,300.2562,106.75$ 100.0% 6" PVC Reuse Water Main 235,132.38$ 7,791LF$30.18235,132.38$ 100.0% 8" Gate Valves27,696.24$ 9EA$3,077.3627,696.24$ 100.0% 8" PVC Reuse Water Main 101,224.74$ 2,238LF$45.23101,224.74$ 100.0% Connect to Existing Reuse Water Main11,042.64$ 7EA$1,577.5211,042.64$ 100.0% Reclaim Service for Irrigation16,359.24$ 6 EA $2,726.5416,359.24$ 100.0% Miscellaneous Fittings119,606.23$ 1 LS $119,606.23119,606.23$ 100.0% Reuse Testing21,263.84$ 1 LF $21,263.8421,263.84$ 100.0% Temporary Blow-Off Assembly13,326.50$ 5 EA $2,665.30 13,326.50$ 100.0% Subtotal608,551.52$ 608,551.52$ 100.0% 8" PVC Pipe (0-6' cut)55,603.80$ 1,471 LF $37.8055,603.80$ 100.0% 8" PVC Pipe (10'-12' cut)57,934.47$ 1,347 LF $43.0157,934.47$ 100.0% 8" PVC Pipe (12-14' cut)33,306.00$ 732 LF $45.5033,306.00$ 100.0% 8" PVC Pipe (6'-8' cut)155,132.21$ 3,989 LF $38.89155,132.21$ 100.0% 8" PVC Pipe (8'-10' cut)90,907.56$ 2,238 LF $40.6290,907.56$ 100.0% Dewatering117,030.69$ 9,777 LF $11.97117,030.69$ 100.0% Connect to Existing Sanitary Manhole9,262.89$ 1 EA $9,262.899,262.89$ 100.0% Manhole (0-6' cut)237,983.55$ 21 EA $11,332.55237,983.55$ 100.0% Manhole (10'-12' cut)16,453.48$ 1 EA $16,453.4816,453.48$ 100.0% Manhole (12'-14' cut)36,244.74$ 2 EA $18,122.3736,244.74$ 100.0% Manhole (6'-8' cut)133,318.90$ 11 EA $12,119.90133,318.90$ 100.0% Manhole (8'-10' cut)105,029.52$ 8 EA $13,128.69105,029.52$ 100.0% Manhole 8-10' W/Liner (Polymer Manhole - No Liner)34,280.23$ 1 EA $34,280.2334,280.23$ 100.0% Sanitary line testing54,653.43$ 9,777 LF $5.5954,653.43$ 100.0% Open Road Cut & Repair40,269.40$ 265 SY $151.9640,269.40$ 100.0% Sanitary Sewer (per CO#2)8,149.41$ 1 LS $8,149.41 8,149.41$ 100.0% Subtotal1,185,560.28$ 1,185,560.28$ 100.0%SubtotalPotable Water Distribution SystemSubtotalReclaim Water Distribution SystemSubtotalSanitary Sewer Collection System732 LF $45.50 $ 33,306.00 100.0% 3,989 LF $38.89 $ 155,132.21 100.0% 2,238 LF $40.62 $ 90,907.56 100.0% 9,777 LF $11.97 $ 117,030.69 100.0% 1 EA $9,262.89 $ 9,262.89 100.0% 21 EA $11,332.55 $ 237,983.55 100.0% 1 EA $16,453.48 $ 16,453.48 100.0% 2 EA $18,122.37 $ 36,244.74 100.0% 11 EA $12,119.90 $ 133,318.90 100.0% 8 EA $13,128.69 $ 105,029.52 100.0% 1 EA $34,280.23 $ 34,280.23 100.0% 9,777 LF $5.59 $ 54,653.43 100.0% 265 SY $151.96 $ 40,269.40 100.0% 1 LS $8,149.41 $ 8,149.41 100.0% Subtotal $ 1,185,560.28 100.0% DESCRIPTION1 REQ #1 QTYt UNITCOST7 REQ #1 % 1 69,155.46$ 5 LFDESCRIPTION TOTAL AMOUNT $59.31QTY 69,155.46$ 100.0% COST 18" CLASS III RCPAMOUNT 55,920.48$ 748 LF$74.7655,920.48$ 100.0% 24" CLASS III RCP152,275.12$ 1,411LF$107.92152,275.12$ 100.0% 30" CLASS III RCP508,170.41$ 3,223LF$157.67508,170.41$ 100.0% 36" CLASS III RCP8,350.88$ 38LF$219.768,350.88$ 100.0% 42" CLASS III RCP127,375.93$ 451LF$282.43127,375.93$ 100.0% 48" CLASS III RCP105,062.88$ 312LF$336.74105,062.88$ 100.0% 54" CLASS III RCP333,042.85$ 749LF$444.65333,042.85$ 100.0% Dewatering88,187.22$ 8,098LF$10.8988,187.22$ 100.0% FDOT Type "J-4" Curb Inlet188,616.64$ 16 EA $11,788.54188,616.64$ 100.0% FDOT Type 2 Curb Inlet23,237.16$ 2 EA $11,618.5823,237.16$ 100.0% FDOT Type 3 Curb Inlet36,364.95$ 3 EA $12,121.6536,364.95$ 100.0% FDOT Type 1 Curb Inlet179,663.05$ 19 EA $9,455.95179,663.05$ 100.0% RCP MES: 15"4,346.40$ 2 EA $2,173.204,346.40$ 100.0% RCP MES: 18"2,338.26$ 1 EA $2,338.262,338.26$ 100.0% RCP MES: 24"2,855.00$ 1 EA $2,855.002,855.00$ 100.0% RCP MES: 30"15,260.97$ 3 EA $5,086.9915,260.97$ 100.0% Type "H" Control Structures With F/G Skimmer10,023.91$ 1 EA $10,023.9110,023.91$ 100.0% Type E Control Strucutes with F/G Skimmer18,601.02$ 2 EA $9,300.5118,601.02$ 100.0% Type C Control Strucutes with F/G Skimmer7,332.60$ 1 EA $7,332.607,332.60$ 100.0% Type H Control Structure (Temp)9,221.89$ 1 EA $9,221.899,221.89$ 100.0% Type H DBI13,662.18$ 2 EA $6,831.0913,662.18$ 100.0% Type C DBI19,994.72$ 4 EA $4,998.6819,994.72$ 100.0% Type D DBI28,278.45$ 5 EA $5,655.6928,278.45$ 100.0% Type "J" Manhole157,088.50$ 17 EA $9,240.50157,088.50$ 100.0% Type V inlet25,652.82$ 3 EA $8,550.9425,652.82$ 100.0% RCP MES: 54"16,236.02$ 1 EA $16,236.0216,236.02$ 100.0% Storm Testing43,486.26$ 8,098 LF $5.3743,486.26$ 100.0% Generic Storm19,319.40$ 1 LS $19,319.4019,319.40$ 100.0% Subtotal2,269,121.43$ 2,269,121.43$ 100.0% Phase 7 CDD Elligible Funding Total5,262,417.66$ Stormwater SystemSubtotal$ 18,601.02 100.0% 1 EA $7,332.60 $ 7,332.60 100.0% 1 EA $9,221.89 $ 9,221.89 100.0% 2 EA $6,831.09 $ 13,662.18 100.0% 4 EA $4,998.68 $ 19,994.72 100.0% 5 EA $5,655.69 $ 28,278.45 100.0% 17 EA $9,240.50 $ 157,088.50 100.0% 3 EA $8,550.94 $ 25,652.82 100.0% 1 EA $16,236.02 $ 16,236.02 100.0% 8,098 LF $5.37 $ 43,486.26 100.0% 1 LS $19,319.40 $ 19,319.40 100.0% Subtotal $ 2,269,121.43 100.0% Phase 7 CDD Elligible Funding Total $ 5,262,417.66 Section 2 Infrastructure Exhibits Section 3 Supplemental Documents Toho Project Name: ____________ _ Toho Project #: 220212 BILL OF SALE KNOW ALL MEN BY THESE PRESENTS: KNOW ALL MEN BY THESE PRESENTS: TO HAVE AND TO HOLD the same unto Toho, its successors and assigns to its and their own use and benefit forever, from and after the date hereof. That Tohoqua Community Development District, a local unit of special-purpose government established and created pursuant to Chapter 190, Florida Statutes (the “Seller”), for and in consideration of the sum of Ten Dollars ($10.00) in lawful money (and other good and valuable considerations, the receipt and adequacy of which is hereby acknowledged) to it paid by the Tohopekaliga Water Authority, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature (“Toho”), has granted, bargained, sold, transferred, set over and delivered, and by these presents does hereby grant, bargain, sell, transfer, set over and deliver unto Toho, its successors and assigns, all the goods, rights, title, interests, chattels and improvements owned by Seller which are used or held for use by Seller exclusively in connection with those water and/or wastewater systems of Seller located on the property described on Exhibit “A” attached hereto and incorporated herein by this reference, consisting of all water, wastewater, and reclaimed water lines and other related utility facilities (collectively the “Utility System”) constructed and used in connection with the provision of water, wastewater, and reclaimed water utility services. The assets being conveyed hereunder shall hereinafter be referred to as the “Utility Assets.” and marketable title to the Utility Assets, free and clear of all liens, encumbrances, claims and TO HAVE AND TO HOLD the same unto Toho, its successors and assigns to its and their own use and benefit forever, from and after the date hereof. (iii) Seller represents and warrants to Toho that (i) Seller is the sole owner of and has good and marketable title to the Utility Assets, free and clear of all liens, encumbrances, claims and demands; (ii) Seller has not previously sold or assigned the Utility Assets to any other party; and (iii)Seller will freely and fully warrant and defend the Utility Assets against the lawful claims ofany person claiming by, through, or under the Seller. Seller hereby assigns any and all warranties and guaranties it possesses from any third Seller hereby assigns any and all warranties and guaranties it possesses from any third parties relating to the construction and/or installation of the Utility Assets, to the extent such warranties and guaranties are assignable. warranties and guaranties are assignable. [SIGNATURES TO FOLLOW ON NEXT PAGE] (Text Box comment EXHIBIT G) Exhibit “A” ” LEGAL DESCRIPTION OF THE REAL PROPERTY Y Toho Project Name:_ Toho Project Name:_Tohoqua Ph 7-1B Toho Project #: _240031____________ Toho Project #: _240031____________ BILL OF SALE KNOW ALL MEN BY THESE PRESENTS: That Tohoqua Community Development District, a local unit of special-purpose government established and created pursuant to Chapter 190, Florida Statutes (the “Seller”), for and in consideration of the sum of Ten Dollars ($10.00) in lawful money (and other good and valuable considerations, the receipt and adequacy of which is hereby acknowledged) to it paid by the Tohopekaliga Water Authority, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature (“Toho”), has granted, bargained, sold, transferred, set over and delivered, and by these presents does hereby grant, bargain, sell, transfer, set over and deliver unto Toho, its successors and assigns, all the goods, rights, title, interests, chattels and improvements owned by Seller which are used or held for use by Seller exclusively in connection with those water and/or wastewater systems of Seller located on the property described on Exhibit “A” attached hereto and incorporated herein by this reference, consisting of all water, wastewater, and reclaimed water lines and other related utility facilities (collectively the “Utility System”) constructed and used in connection with the provision of water, wastewater, and reclaimed water utility services. The assets being conveyed hereunder shall hereinafter be referred to as the “Utility Assets.” TO HAVE AND TO HOLD the same unto Toho, its successors and assigns to its and their own use and benefit forever, from and after the date hereof. Seller represents and warrants to Toho that (i) Seller is the sole owner of and has good and marketable title to the Utility Assets, free and clear of all liens, encumbrances, claims and demands; (ii) Seller has not previously sold or assigned the Utility Assets to any other party; and (iii) Seller will freely and fully warrant and defend the Utility Assets against the lawful claims of any person claiming by, through, or under the Seller. Seller hereby assigns any and all warranties and guaranties it possesses from any third parties relating to the construction and/or installation of the Utility Assets, to the extent such warranties and guaranties are assignable. [SIGNATURES TO FOLLOW ON NEXT PAGE] Exhibit “A” ” LEGAL DESCRIPTION OF THE REAL PROPERTY Y Toho Project Name: Toho Project Name:Tohoqua Ph 7-2A & 2B___ Toho Project #: 240032___________________ ___ Toho Project #: 240032___________________ BILL OF SALE KNOW ALL MEN BY THESE PRESENTS: That Tohoqua Community Development District, a local unit of special-purpose government established and created pursuant to Chapter 190, Florida Statutes (the “Seller”), for and in consideration of the sum of Ten Dollars ($10.00) in lawful money (and other good and valuable considerations, the receipt and adequacy of which is hereby acknowledged) to it paid by the Tohopekaliga Water Authority, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature (“Toho”), has granted, bargained, sold, transferred, set over and delivered, and by these presents does hereby grant, bargain, sell, transfer, set over and deliver unto Toho, its successors and assigns, all the goods, rights, title, interests, chattels and improvements owned by Seller which are used or held for use by Seller exclusively in connection with those water and/or wastewater systems of Seller located on the property described on Exhibit “A” attached hereto and incorporated herein by this reference, consisting of all water, wastewater, and reclaimed water lines and other related utility facilities (collectively the “Utility System”) constructed and used in connection with the provision of water, wastewater, and reclaimed water utility services. The assets being conveyed hereunder shall hereinafter be referred to as the “Utility Assets.” TO HAVE AND TO HOLD the same unto Toho, its successors and assigns to its and their own use and benefit forever, from and after the date hereof. Seller represents and warrants to Toho that (i) Seller is the sole owner of and has good and marketable title to the Utility Assets, free and clear of all liens, encumbrances, claims and demands; (ii) Seller has not previously sold or assigned the Utility Assets to any other party; and (iii) Seller will freely and fully warrant and defend the Utility Assets against the lawful claims of any person claiming by, through, or under the Seller. Seller hereby assigns any and all warranties and guaranties it possesses from any third parties relating to the construction and/or installation of the Utility Assets, to the extent such warranties and guaranties are assignable. [SIGNATURES TO FOLLOW ON NEXT PAGE] Exhibit “A” ” LEGAL DESCRIPTION OF THE REAL PROPERTY Y August 19, 2025 Via Email Tohoqua Community Development District George Flint 219 East Livingston Street Orlando, Florida 32801 gflint@gmscfl.com Subject: Amendment 1 Supplemental Engineer’s Report Tohoqua Phases 8A & 8B Tohoqua Community Development District, St. Cloud, FL Poulos & Bennett Job No. 17-188 Dear Tohoqua Community Development District: Pursuant to the original executed agreement dated January 24, 2018, Poulos & Bennett, LLC provides this amendment to the original agreement for the additional services as outlined below. All services shall be accomplished in accordance with the Terms and Conditions of the original Agreement. Poulos & Bennett, LLC (Poulos & Bennett) and Tohoqua Community Development District (Client) enter into this Amendment to the Agreement as follows: SCOPE OF SERVICES 1. Tohoqua Supplemental Engineer’s Report (17-188.102) Poulos & Bennett shall prepare a Community Development District (CDD) Supplemental Engineer’s Report for the Tohoqua community Phases 8A & 8B of the Tohoqua CDD property to support the financing and construction of the capital improvements contemplated to be constructed in association with the project. The Engineer’s Report shall include the following: • Project Narrative sections including Description, Government Actions, Infrastructure Benefit, Capital Improvement Plan, Ownership and Maintenance, Roadways & Stormwater. • Table summarizing planned development program. • Exhibits detailing location, district limits, ownership & maintenance, offsite improvements, public & private uses, utilities, stormwater, roadways, cost option, permitting summary, assessment areas. • Engineer’s Opinion of Probable Construction Cost. Poulos & Bennett shall provide the Supplemental Engineer’s Report for review and shall incorporate comments into the final Supplemental Engineer’s Report. FEE SCHEDULE Task Number Description Lump Sum Fees Hourly Estimated Fees .102 Tohoqua Supplemental Engineer’s Report $10,000.00 --- These fees do not include required application fees made payable to the respective public agencies through which permitting is required, reimbursable expenses as specified in this agreement or illustrative plans that may be required for community/public meetings. REIMBURSABLE EXPENSE (19-060.991) Reimbursables will be charged on a direct cost basis time a multiple of 1.20. Reimbursables shall include, but not be limited to, all print and reproduction costs associated with reports, prints and reproducibles, postage and shipping, expenses to travel outside a thirty (30) mile radius of the office. Should you have any questions regarding the information included with this Amendment, please do not hesitate to contact us. Please sign this Amendment and return one copy for our records. Sincerely, Lance Signature0001 R. Lance Bennett, P.E. Partner Poulos & Bennett, LLC AMS:lab Attachment: Exhibit 1 – Site Plan Amendment 1 Tohoqua Community Development District Supplemental Engineer’s Report Tohoqua Phases 8A & 8B Tohoqua Community Development District, St. Cloud, FL Poulos & Bennett Job No. 17-188 I agree to the terms and conditions listed above. Signature Date Printed Name Company EXPERT WITNESS 2x Std Rate PRINCIPAL $300 EXECUTIVE TEAM LEADER $275 PRACTICE TEAM LEADER $260 PROFESSIONAL SURVEYOR & MAPPER $250 SENIOR PROJECT MANAGER $240 PLANNING TEAM LEADER $235 SURVEY FIELD CREW (3) PERSON $230 SENIOR PROJECT ENGINEER $230 PROJECT MANAGER $200 PROJECT MANAGER – DEVELOPMENT SERVICES $190 PROJECT MANAGER – SURVEY $190 SURVEY FIELD CREW (2) PERSON / PARTY CHIEF $185 GIS MANAGER $175 SENIOR PLAT MANAGER $160 PROJECT ENGINEER $160 SENIOR PLANNER $155 CAD MANAGER $155 DEVELOPMENT COORDINATOR $150 SENIOR CAD DESIGNER $150 SENIOR COMMUNITY DESIGNER $150 PROJECT PLANNER $145 PLANNING / 3D GRAPHICS TECHNICIAN $145 PLAT MANAGER $140 STAFF ENGINEER $140 GIS ANALYST $135 SENIOR PROJECT COORDINATOR $135 CAD TECHNICIAN – SURVEY $135 CAD TECHNICIAN $125 STAFF PLANNER $120 PROJECT COORDINATOR $110 ADMINISTRATIVE ASSISTANT $85 ENGINEERING INTERN $75 LOT BREAKDOWN SERENE SOUL ST SERENE SOUL ST TOWNHOMES - 33 271271 REAR LOAD BUNGALOWS - 118 SERENITYSERENITY 217217 270 270 216216 GARDEN - 27 269 269 215215 268268 218218 CLASSIC - 53 214214 267267 219219 GARDENGARDEN 213213 5353 5252 266266 220220 5151 212212 5050 4949 221221 211 211 4848 265265 CLEAR SKY DR CLEAR SKY DR 4747 222222 210210 4646 264264 4545 223223 4444 209209 263263 262 262 CLEAR NIGHT AVE CLEAR NIGHT AVE 224224 208208 5454 DRDR 261261 5555 4343 5656 225225 260260 207 207 4242 5757 4141 259259 5858 226226 4040 206206 SERENE SOUL ST SERENE SOUL ST 5959 258258 3939 6060 3838 6161 205205 257257 227227 3737 6262 3636 256256 6363 204204 228228 3535 255255 203 203 3434 254254 229229 3333 6464 253253 202202 230230 6565 252 252 3232 201201 SOUTHBURY DR SOUTHBURY DR 231231 251251 6666 3131 250250 6767 232232 3030 200200 249249 6868 113 113 2929 233233 106106 248 248 6969 2828 199199 234234 247247 105105 7070 2727 TOHOQUA BLVD TOHOQUA BLVD 198198 246246 119 119 104104 7171 235235 2626 112 112 245245 197197 120120 103 103 7272 2525 244244 102102 7373 121121 196196 2424 243243 101101 7474 2323 WINTER SKY ST WINTER SKY ST 242 242 122122 195195 100100 7575 2222 241241 123123 240240 2121 9999 194194 7676 239239 2020 124124 7777 9898 238238 1919 7878 125125 237237 9797 1818 236236 7979 126126 9696 1717 8080 1616 1 9595 127127 1515 8181 9494 2 1414 128128 9393 8282 CALM NIGHT ST CALM NIGHT ST 9292 3 129129 9191 8383 9090 8484 8 130130 8989 7 8585 6 5 181181 4 8686 131 131 182182 8787 183183 184184 8888 185185 186186 132132 187187 157 157 188188 189189 156156 CALMCALM 190190 191191 133133 192192 155155 193193 134134 154154 135135 NIGHTNIGHT 153153 136136 137137 152152 STST 138138 139139 140140 141141 142142 143143 144144 149149 145145 146146 147147 148148 N 0’ 100’ 200’ 400’ TOHOQUA TOHOQUA PHAS E 8 A SITE PLAN ST. CLOUD, FL Due to Pulte’s ongoing commitment to customer satisfaction, these plans may be amended without prior notice. Artist’s rendering only. Prices, plans and features subject to change without notice. CGC1515415 ©2020 Pulte Homes, INC. Uniting partners through exceptional landscape services Tohoqua CDD SITEPLAN - Tohoqua Tohoqua CDD Proposal For Landscape & Irrigation Maintenance August 20, 2025 Pricing Valid for 90 Days Upon Receipt 8/20/25 Tohoqua CDD c/o GMS Management Company RE: Landscape Maintenance & Irrigation Proposal Dear Alan, Thank you for considering United Land Services as your landscape maintenance service provider. We sincerely appreciate every opportunity presented to build a lasting relationship with our clients. Our proposal has been uniquely crafted to address your community’s specific needs and expectations. We call this your Community Road Map™ because it was designed to illustrate the steps to take your community from its current state to one your residents will be proud of for years to come. Included in your Community Road Map™ you will find the following sections: • Company History: Information about our company’s experience, capabilities and core values. • Development Strategy: Our transition plan includes the actions we will take in the first 30/60/90 days of service to improve both your specific areas of concern and items we have noted during our inspection that will provide an immediate impact to the appearance of the property. • Scope of Services Summary: This section outlines our scope of services, derived from industry established Best Management Practices and our years of experience in the field. • Agreement & Investment: Our service agreement and pricing for the services we’ll provide to your property. If you have any questions after reviewing our proposal, please do not hesitate to contact me at any time. I am always available to provide solutions and discuss any aspect of property’s needs directly. Sincerely, Chris Marquess Client Relations and Business Development cmarquess@unitedlandservices.com Company History, Experience & Services Field Support Office 12276 San Jose Blvd Jacksonville, FL 32223 (904) 829-9255 Total Number of Employees 1500+ Our History How It All Started The Company was founded by Bob Blandford in 2001 as United Landscapes, a name that has come to be synonymous with best-in-class landscape design, installation and maintenance services across the Jacksonville and St. Johns County area. Today, the Company has over 1500 employees working daily with hundreds of commercial customers throughout Florida. Each location is capable of independently managing and enhancing a variety of complex landscape projects. Services Offered & Approach At United Land Services, we meet the highly specific needs of our clients by offering a comprehensive selection of services — from the design to the installation to the ongoing maintenance. Our landscape service divisions are equipped to handle a wide variety of properties, including masterplan communities, condominiums, golf clubs, office complexes, retail establishments and resorts. We perform these services with your distinct needs at the forefront of everything we do. We are local owners and operators committed to delivering excellent service at the highest levels of quality and craftsmanship. United Land Services takes a proactive approach when it comes to the landscape. We become trusted partners for all your landscape needs while providing quality landscapes in line with University of Florida Best Management Practices. Company History Jacksonville, FL Office — Coldwell Banker Vanguard Realty, Inc. Additional Areas Served • Alabama Montgomery • Florida Central Florida Ocala Ft. Peirce Fernandina Beach Tampa Bradenton Jacksonville, Ft. Lauderdale Panama City West Palm • North Carolina Greensboro Charlotte Raleigh • South Carolina Myrtle Beach • Georgia Savannah Atlanta Products & Services WeAreYourAll-Inclusive Service Provider Picture Picture Picture Picture Landscape Maintenance Our crews will arrive on schedule, work on your property conscientiously and respectfully, and always leave your landscape looking beautiful and tidy. Landscape Design The design and planning phase is critical to a successful project. Our design team offers complete landscape architecture services that ensure a seamless process and a beautiful final product. Outdoor Lighting Landscape lighting can increase your property’s safety, make it easier to navigate, and allow clients, residents, and guests to enjoy it late into the evening. Irrigation Systems Enjoy lush lawns, healthy trees and gardens for the entire growing season, without having to lift a finger. Commercial Installation We provide large scale Commercial Landscape and Irrigation Installation at the highest level. From initial design through value engineering and buildout. Hardscapes Our crews will arrive on schedule, work on your property conscientiously and respectfully, and always leave your landscape looking beautiful and tidy. Sod Installation United takes your lawns from withering to wonderful. We offer expert sod-laying and seeding services as well as over-seeding to thicken up your turf. Driveways & Entranceways Welcome clients, customers, residents and guests to your property with a well-kept and attractive entrance. Picture Picture Picture Picture Irrigation Experts YourTeam of Certified & Licensed Specialists Commercial Irrigation Water Management - Landscape Design, San Antonio, TX | Dream Yards Sprinkler Management Installation, Maintenance & Repairs • Installation -At United Land Services, our irrigation experts are certified and licensed to install the most sophisticated, water wise irrigation systems. Our team has had over 25 years of installing systems across the Southeast. • Maintenance -Monthly irrigation inspections and adjustments keep your system performing effectively and efficiently. United Land Services conducts routine wet checks with monthly reports to ensure proper coverage is being maintained to protect your investment. • Improvements -Whether you have an old or new irrigation system, you can trust United Land Services to conduct a full audit and clearly communicate any deficiencies found to be repaired. Our team is ready to serve you. Agronomics Program Certified Pest Control Operators Vandemark Sod Farms - Natural Grass - Nature's Best! Seed | LESCO Z Turf Equipment: Z-Spray Max Spreader-Sprayer - Landscape Management Fertilization, Pest Control & Agronomy Management • Fertilization -We understand the importance of curb appeal. We also understand that investing in the correct agronomics plan is an investment in your community. United Land Services takes pride in operating the fertilization and pest control throughout the Southeast • Pest Control -United Land Services has developed a reputation for creating and maintaining thriving landscape environments for the Southeast’s most demanding clients. • Agronomy Management -We have a catered approach to all of our property’s because not one size fits all. Our certified pest control specialists will customize an integrated plan to keep your community flourishing. Hurricane Preparedness Plan of Action Phase 1 • Phase 1 to begin immediately following the storm once safe and legal for our team to do so. Our main goal is to create as safe an environment as possible. • Clear main entrances of any obstructions inhibiting traffic. • Clear secondary roadways of any obstructions inhibiting traffic. • Clear parking areas located at common areas and common area structures. • Clear sidewalks, walking paths and thorough- fares in common areas Phase 2 • Assessment of total clean-up needed and associated total costs of Phases 1-3. • Removal of any debris generated and stock- piled from Phase 1 upon approval. • Clearing and removal of debris from common • Area parks, dog parks and playgrounds upon approval. Phase 3 • Clear and remove debris from turf and landscape areas. • Post storm tree work to remove “hangers”, United Land Services is able and ready to handle any and all necessary storm cleanup related work. We address the cleanup & remediation process in a three phase approach to get customers back online quickly. Prioritizing Safety Minimizing Risks With safety as our top priority, United Land Services continually updates its trainings, communications, and assessments to ensure that team members are prepared to perform their jobs with minimal risk to themselves or others. Our dedicated safety officers conduct regular inspections to ensure employees maintain professional behavior and remain alert to all potential hazards. • Strict Compliance to OSHA Regulations • Dedicated Safety Officers • Weekly Safety Meetings • Annual Safety Rodeo with Industry Safety Experts • Personal Protection Equipment Requirements • Ongoing MVR Tracking and Reporting • Post Accident Drug Testing Vehicle Safety Minimizing Risks SOFTWARE MONITORING SYSTEMS: Along with visual inspection, there are software system United Land has established to ensure the safety of our team and the public. • Our ongoing MVR tracking and reporting application to review driver eligibility using a point system. • Our GPS Monitoring Program allows our safety and fleet team to monitor speed and DAILY VEHICLE INSPECTION: A daily vehicle inspection is completed each morning to identify items that could pose risk to our employees and the general public . This inspection is then completed again upon return to the branch to ensure each vehicle and trailer are safe while on the road. ONBOARDING SAFETY TRAINING Safety starts the moment a team member is hired with a comprehensive training on proper vehicle, equipment and operational training.. Our goal is to ensure the crew and public are safe from leaving the branch, parking the vehicle to driving through a community. United Land equips our fleet and crews with the proper attire, markers and equipment to redirect traffic in safe manner so a job can be completed safely. Exclusive Partnership Exclusive Partnership Development Strategy This is a custom designed plan using Florida Best Management Practices to exceed your desired look for this property. We have outlined the initial tasks that our Landscape Maintenance teams will perform as we begin our partnership regarding this property. We have broken the tasks down into distinct phases to cover the first 90 days of this transition. This will provide an easy way to monitor and measure our progress as we formulate our joint strategy for the best results. Phased Development Strategy Best Management Practices Phase 1 (Days 1-30) • Meet with Property Manager and Board Committee Members to review our Three Phase Plan and Scope of Work. • Complete an Irrigation Evaluation of system and report deficiencies and needed corrective actions. • Establish consistent schedule for mowing, detailing and agronomics and implement accordingly. • Perform first turf fertilizer application if possible (Blackout Period). • Identify any areas of concern and concentrate efforts for immediate improvement. (Entrance features, weeding beds, sidewalk edging) • Spot treat weeds in turf areas where needed. • Formulate options for turf areas needing restoration. • Implement weed control program in planting beds. • Fertilize weak shrubs throughout the property. • Start insect and disease program on all plant material. • Evaluate the health of ailing plant material and propose improvement plan. • Discuss any site-specific enhancement ideas. • Perform monthly walk with Property Manager and Community Members. Phased Development Strategy Plan of Action Phase 2 & 3 (Days 31-90) • Examine Phase 1 results and modify “Plan of Action” if necessary. • Carry on with Irrigation Inspections and Improvements. • Carry on with Scheduled Maintenance plan i.e., mowing, blowing, and edging. • Evaluate need for second turf fertilization dependent on condition and time of year (Blackout period). • Carry on with weed control applications in both turf and plant beds. • Evaluate insect and disease program and make necessary adjustments. • Implement approved site-specific enhancements. • Perform monthly walk through with Property Manager and continue to identify areas of opportunity or concern. Phased Development Strategy Plan of Action Reporting Closing the Communication Gap Alignment, Execution & Building Partnerships Agronomics and Irrigation Inspection Reports Yearly Service Calendar Guideline Closing the Communication Gap Alignment, Execution & Building Partnerships Communication is key to any strong partnership. In an effort to stay connected internally with our team and externally with our partners, our team utilizes Site Audit Pro. The program allows us to send visual communication though pictures along with a detailed explanation of the issue. Site Audit Pro is key in ensuring everyone is on the same page in helping to form the best possible solution. SAMPLESAMPLEAlignment, Execution & Building Partnerships Work Order Software Accountability, Communication and Productivity United Land Services Work Order System Powered by: United Land Services is dedicated to ensuring our valued partners receive the highest level of communication for a success long term partnership. Our work order system gives the client all the tools needed to stay informed on their property. The Aspire work order system is a user friendly software system that compliments our strong level of communication while providing accountability for our dedicated team. • View Invoices • Pay Invoices • View Proposals • View Past Work Orders • Review Updates on Work Orders • View Landscape Experts Notes • Sign Proposals • Create Issues • Submit Work Orders FEATURES: Constant, open communication between the board members, landscape committee (if applicable) and your ULS team will help to ensure expectations are set and goals are met. We plan to accomplish this through: • Clear understanding of milestones to improve the landscape quality. • Constant communication with HOA Management, Board Members and Committees. • Weekly progress updates throughout the initial transition. • Property inspections with Management and Board Members at predetermined intervals. (Sample report on pages below). Our goal is to tailor this communication plan to meet your needs and the needs of the community. Engaging Accountable Teams - Jeff Nischwitz Closing the Communication Gap Alignment, Execution & Building Partnerships Certifications Certification Your Agronomics and Irrigation Specialists Certification Your Agronomics and Irrigation Specialists Certification Your Agronomics and Irrigation Specialists Scope of Services: Exhibit A The following outline details our proposed scope of services and offerings to be provided by our service teams, to ensure we meet the specific needs of your project as governed by our agreement. LANDSCAPE MAINTENANCE PROGRAM 1. Turf Grass Mowing a. Mowing schedule based on climate and turf type. b. Mowing height to be adjusted based on turf type. c. Cuts postponed because of weather to be made up as soon as possible. d. Hard edging (concrete) will be done per cut, soft edge will be done every other cut. Landscape beds containing rock will not be mechanically edged. e. Areas to small to mow will be completed with a string trimmer or push mower. f. All debris created during maintenance operations will be removed and or blown from adjacent surfaces. 2. Ornamental Detailing a. Detail operations will be completed in a sectional manner once monthly. b. Plant material will be trimmed to retain the natural shape and function of the plant using Best Management Practices and techniques. c. Trees will have trunks cleared of sprouts and elevated to 8’ in Green areas and 12’ in Paved areas. d. Palms under 12’ will have brown fronds removed during detail rotation. e. Post emergent herbicide will be used in landscape beds to control unwanted weeds and vegetation. 3. Fertilization & Pest Control Services a. Applications will adhere to any State and Local ordinance including Blackout Periods. b. Fertilizer composition (NPK, Nitrogen, Phosphorous, Potassium) will be determined based on site needs. c. Pre and Post Emergent Herbicides will be used as needed to control weeds in turfgrass. d. All applications will be used as directed by the manufacturers instructions for use and in accordance with all State and Federal regulations / guidelines. e. Ornamental Plants, Trees & Palms will receive a balanced fertilizer at appropriate rates, typically in spring and fall months. Exhibit A: Scope of Services Summary Annual Maintenance Outline 4. Irrigation Inspections & Maintenance a. System will be routinely inspected for operational efficiency and condition. b. Visual inspection will include controller and electronic components, spray and rotor heads and shrub risers. c. Minor adjustments for efficiency will be made during inspection. d. Repairs for malfunctioning, broken or worn out components (heads, line breaks, controllers and electronics, pumps, etc.) will be done after client approval. 5. Seasonal Color (Annuals) Installation a. If cost is not included in the monthly billing, installation will be done upon authorized approval from Board of Directors or CAM. b. Flower type will be selected based on climate, availability at time of install and coordination with adjacent neighborhood associations to ensure uniformity. c. Flower beds will be maintained to remove faded or dead plants and to ensure optimal bloom production and neat appearance. d. Commercial fertilizer will be applied to all areas at time of install with follow up applications of micro nutrient, fungicide and pesticide based on flower type and Best Management Practices. e. Standard Annuals to be used for quarterly changeouts. Premium varieties to incur additional cost. 6. Mulch & Pine Straw Installation a. If cost is not included in the monthly billing, installation will be done upon authorized approval from Board of Directors or CAM. b. Mulch will be installed at timeframe determined by HOA. c. Mulch to be Dyed Hardwood Blend, installed 1x per year upon approval. d. Installation method to be determined by contractor, either bagged product or bulk install with blower truck. ADDITIONAL SERVICES AND TEAM EXPECTATIONS 1. Extra Services - Dog Stations and Trash Cans a. We will provide services and change out the three (3) dog stations and two (2) trash cans located on the property. 2. Team Expectations a. Our field personnel will be licensed for all applicable maintenance duties, included any pesticide applications, as required by law. 3. Appearance a. Our team is required to maintain a professional and well-groomed appearance at all times. Scope of Services Summary Annual Maintenance Outline Your Investment: Exhibit B Your Investment Landscape Management Proposal Maintenance Sections Monthly Yearly Tohoqua Phase 1 $ 6,121 $ 73,452 Phase 2 and Pond 3 $ 4,453 $ 53,436 Cross Prairie Pkwy $ 3,778 $ 45,336 Additional 2 Ponds $ 721 $ 8,652 Amenity Center $ 1,795 $ 21,540 Amenity Center Pond $ 1,201 $ 14,412 East Cross Prairie $ 3,984 $ 47,808 Phase 3 $ 2,988 $ 35,856 Phase 4 A/B $ 4,981 $ 59,772 Phase 5 $ 1,092 $ 13,104 Phase 6 $ 4,466 $ 53,592 Phase 7 $ 5,758 $ 69,096 Total $ 41,338 $ 496,056 SERVICES AGREEMENT 1 October This Services Agreement (the “Agreement”) is entered into this ______ day of ____________,2025 between Tohoqua CDD _______________________________________________________ (the “Customer”), and Florida ULS Operating, LLC DBA United Land Services, LLC ,(the “Contractor”). Contractor is in the business of providing landscape maintenance services and Customer desires to contract with Contractor to provide landscape maintenance services to Customer and certain properties managed by Customer in accordance with the following terms and conditions of this Agreement. Cross Prairie Pkwy FL 34772 Service Address: __________________________________________________________ 219 E. Livingston Street Orlando FL 32801 Bill to Address____________________________________________________________ 1. Term. The initial term of the Agreement shall commence for a one (1) year period commencing on __10/1/25______ and 9/31/26 ending on ______________. After expiration of the initial term, the Agreement shall continue on a month-to-month basis unless terminated by either party upon thirty (30) days prior written notice. 2. Services. Contractor agrees to provide the Customer with the scope of services set forth in Exhibit A (the “Services”). Contractor agrees to provide all labor, material, equipment, and supervision to perform the duties outlined by this Agreement, except that Customer shall provide any water and utilities necessary for Contractor to perform the Services. Contractor warrants to the Customer that: (i) Contractor will perform the Services in a workmanlike manner in accordance with reasonable prevailing industry standards; (ii) Contractor shall comply with all applicable laws; (iii) Contractor has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement or that would preclude Contractor from complying with the provisions of this Agreement. Contractor shall not be liable for any nonperformance, delays, or alleged deficient performance resulting from any environmental issues, including drought, hurricane, flooding, tornados, rainfall, storms, earthquakes, or other disasters or weather events, any governments actions or changes in law, any wars, acts of terrorism, epidemics, shortages, strikes or other labor issues, or other causes beyond the control of Contractor. Contractor’s liability to Customer for any alleged non-performance under this Agreement shall be expressly limited to the amount of compensation actually received by Contractor for the disputed scope of work. 3. Compensation. In consideration of the Contractor’s performance of the Services, the Customer agrees to pay Contractor the fees set forth on Exhibit B for the total monthly amount of $ 41,338. On each anniversary date of this Agreement, the agreed upon fees for Contractor’s Services shall be increased by 3% over the previous year’s level or CPI, whichever is greater. Customer shall be responsible for all sales, use, and other taxes with respect to all amounts paid by the Customer to Contractor under this Agreement other than taxes on Contractor’s income. All payments shall be made by direct electronic payment. 4. Confidentiality. Customer acknowledges this agreement along with any documentation, financial data, designs and plans provided by the Contractor are confidential information and shall not be disclosed by the Customer to any other person or entity, except as required by law. 5. Late Payment. If payment is not received within 30 days of invoicing, a 1.5% per month late fee will be applied to all unpaid balances. Should Contractor need to pursue legal action to collect any amounts owed, Customer agrees to pay Contractor’s reasonable attorney’s fees, court costs, and all other expenses incurred. 6. Termination. Customer may terminate this Agreement for cause, if Contractor, after prior written notice per section 7, of any default hereunder, fails to cure that default within 30 days thereafter. Customer shall pay for all services performed up to the effective date of any valid termination. Contractor, upon 30 days prior written notice to Customer, may terminate this Agreement without cause. 7. Notices. Any notice required to be sent to the Contractor under this Agreement shall be sent to the following address unless otherwise specified: Attention___________________12276 San Jose Blvd, Suite 747, Jacksonville, Florida 32223. Any notice required to be sent to the Customer under this Agreement shall be sent to the Service Address specified above, or to such other address as Customer hereafter provides. 8. Insurance. Contractor acknowledges and agrees that it shall be solely responsible for securing and maintaining all insurance coverage for itself and its employees, including without limitation, commercial general liability, workers’ compensation and employers’ liability, comprehensive automobile, and umbrella liability. Contractor shall provide proof of insurance coverage prior to commencement and shall not cancel or change any coverage without providing Customer written notice. 9. Licenses. Contractor shall maintain all applicable licenses and permits within the cities, counties, and states of operations. 10. Indemnification. Each party, to the extent permitted by law, will indemnify, defend and hold harmless the other party, its affiliates, and all of their directors, officers, employees, agents and representatives from and against all claims, liabilities, damages, losses or expenses to the extent arising out of any negligence, willful misconduct, breach of contract or violation of law for which the indemnifying party, its employees, agents, subcontractors, or assigns in the performance of work under this Agreement is at fault. In the event the parties are jointly at fault, each party will indemnify the other in proportion to its relative fault. 11. Right to Cure. Should customer determine that Contractor has provided defective, deficient, or destructive work (“complaint”, it shall provide written notice withing 48 hours of the alleged occurrence or any claim shall be deemed to be waived. Upon receipt of any said complaint, Contractor shall have seven (7) days to address any said complaint. The failure to allow the Contractor to address any complaint will serve as a waiver of any claim related to the alleged claim. 12. Contractual Lien. The Customer grants Contractor, in addition to any other rights and remedies allowed under the applicable law, a lien on the real and personal property related to the project to secure payment for all sums due and owing under this agreement. The Contractor shall be entitled to recover its reasonable attorney fees and costs in any action related to the recovery of sums owed by Customer. 13. Miscellaneous. Contractor enters into this Agreement as an independent contractor. Contractor shall be solely responsible for all taxes, withholdings, and other similar statutory obligations with respect to its employees, including without limitation, Worker’ Compensation Insurance. Either party may assign this Agreement to an affiliate or to any successor entity or purchaser of a substantial portion of the assets of such party that relate to the subject matter of this Agreement without the other party’s consent but with written notice. This Agreement shall be governed by the laws of the State of Florida. The exclusive jurisdiction for the resolution of any disputes arising out of or relating to this Agreement shall be in a court of competent jurisdiction in Duval County, Florida. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes and replaces all prior and contemporaneous understandings or agreements, written or oral, regarding such subject matter. No amendment or modification of this Agreement will be binding unless in writing and signed by a duly authorized representative of both parties. [Signature Page Follows] IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the day and year first above written. Providing exceptional landscape services to partners across the state of Florida; Chris Marquess Client Relations and Business Development Phone: 407 515 5262 Email: cmarquess@unitedlandservices.com United We Grow! Uniting partners through exceptional landscape services SERVICES AGREEMENT ADDENDUM This Services Agreement Addendum (the “Agreement”) is entered into this_____day of ________________, 2025 between _________________________________________________________ (the “Customer”), and Florida ULS Operating , LLC DBA United Land Services (the “Contractor”). Contractor is in the business of providing landscape maintenance services and Customer desires to contract with Contractor to provide landscape maintenance services to Customer and certain properties managed by Customer. Landscape customer wishes to obtain landscape services for the following work: The Additional Services are to be performed to the following address: Changes in Service. Any changes to the Services must be in writing and signed by Customer and Contractor. The changes in the services or services areas may result in additional charges and may modify the schedule of current services rendered. Start Date of New Service Addendum Additional Pricing; Monthly Yearly Term and Termination. The initial term of the Agreement Addendum shall commence on the Effective Date and, unless earlier terminated as permitted under this Agreement, shall coincide with the end date of the Master Initial Agreement of both parties. The Agreement Addendum shall automatically renew for successive one year periods as follows on the initial agreement. The Agreement Addendum is in addition to the already agreed upon signed contract between both parties. All articles listed on the Master Agreement will remain in effect upon signing the Agreement Addendum. CUSTOMER CONTRACTOR Name: ________________________ Name: ________________________________ Title: _________________________________ Title: __________________________________ Date : _________________________________ Date: __________________________________ Tohoqua Phase 4C Core maintenance, agronomics and irrigation inspections. SERVICES AGREEMENT ADDENDUM This Services Agreement Addendum (the “Agreement”) is entered into this_____day of ________________, 2025 between _________________________________________________________ (the “Customer”), and Florida ULS Operating , LLC DBA United Land Services (the “Contractor”). Contractor is in the business of providing landscape maintenance services and Customer desires to contract with Contractor to provide landscape maintenance services to Customer and certain properties managed by Customer. Landscape customer wishes to obtain landscape services for the following work: The Additional Services are to be performed to the following address: Changes in Service. Any changes to the Services must be in writing and signed by Customer and Contractor. The changes in the services or services areas may result in additional charges and may modify the schedule of current services rendered. Start Date of New Service Addendum Additional Pricing; Monthly Yearly Term and Termination. The initial term of the Agreement Addendum shall commence on the Effective Date and, unless earlier terminated as permitted under this Agreement, shall coincide with the end date of the Master Initial Agreement of both parties. The Agreement Addendum shall automatically renew for successive one year periods as follows on the initial agreement. The Agreement Addendum is in addition to the already agreed upon signed contract between both parties. All articles listed on the Master Agreement will remain in effect upon signing the Agreement Addendum. CUSTOMER CONTRACTOR Name: ________________________ Name: ________________________________ Title: _________________________________ Title: __________________________________ Date : _________________________________ Date: __________________________________ Tohoqua Phase 4C Amenity Core maintenance, agronomics and irrigation inspections. SERVICES AGREEMENT ADDENDUM This Services Agreement Addendum (the “Agreement”) is entered into this_____day of ________________, 2025 between _________________________________________________________ (the “Customer”), and Florida ULS Operating , LLC DBA United Land Services (the “Contractor”). Contractor is in the business of providing landscape maintenance services and Customer desires to contract with Contractor to provide landscape maintenance services to Customer and certain properties managed by Customer. Landscape customer wishes to obtain landscape services for the following work: The Additional Services are to be performed to the following address: Changes in Service. Any changes to the Services must be in writing and signed by Customer and Contractor. The changes in the services or services areas may result in additional charges and may modify the schedule of current services rendered. Start Date of New Service Addendum Additional Pricing; Monthly Yearly Term and Termination. The initial term of the Agreement Addendum shall commence on the Effective Date and, unless earlier terminated as permitted under this Agreement, shall coincide with the end date of the Master Initial Agreement of both parties. The Agreement Addendum shall automatically renew for successive one year periods as follows on the initial agreement. The Agreement Addendum is in addition to the already agreed upon signed contract between both parties. All articles listed on the Master Agreement will remain in effect upon signing the Agreement Addendum. CUSTOMER CONTRACTOR Name: ________________________ Name: ________________________________ Title: _________________________________ Title: __________________________________ Date : _________________________________ Date: __________________________________ Tohoqua Phase 8A Core maintenance, agronomics and irrigation inspections. SERVICES AGREEMENT ADDENDUM This Services Agreement Addendum (the “Agreement”) is entered into this_____day of ________________, 2025 between _________________________________________________________ (the “Customer”), and Florida ULS Operating , LLC DBA United Land Services (the “Contractor”). Contractor is in the business of providing landscape maintenance services and Customer desires to contract with Contractor to provide landscape maintenance services to Customer and certain properties managed by Customer. Landscape customer wishes to obtain landscape services for the following work: The Additional Services are to be performed to the following address: Changes in Service. Any changes to the Services must be in writing and signed by Customer and Contractor. The changes in the services or services areas may result in additional charges and may modify the schedule of current services rendered. Start Date of New Service Addendum Additional Pricing; Monthly Yearly Term and Termination. The initial term of the Agreement Addendum shall commence on the Effective Date and, unless earlier terminated as permitted under this Agreement, shall coincide with the end date of the Master Initial Agreement of both parties. The Agreement Addendum shall automatically renew for successive one year periods as follows on the initial agreement. The Agreement Addendum is in addition to the already agreed upon signed contract between both parties. All articles listed on the Master Agreement will remain in effect upon signing the Agreement Addendum. CUSTOMER CONTRACTOR Name: ________________________ Name: ________________________________ Title: _________________________________ Title: __________________________________ Date : _________________________________ Date: __________________________________ Tohoqua Phase 8B Core maintenance, agronomics and irrigation inspections. ROBERTS POOL SERVICE and REPAIR, Inc. 19315 Lake Pickett Road, Orlando, FL 32820 Office 407 568-1074 Fax 407 568-7483 Cells Pat 407 948-6063 J.P. 407 948-5810 E mail: Robertspool1977@aol.com CPC 041419 Proposal submitted to: Name Tohoqua CDD Street 1830 Fulfillment Drive City Kissimmee Fl 34744 Phone 407 247-0984 589218C 08/20/25 Marcia Calleja Work to be performed at: same Renewal Date : 10/1/2025 EMAIL : mcalleja@gmscfl.com We hereby submit specifications and estimates for: COMMERCIAL POOL MAINTENANCE 1. Balance water chemicals 2. Cleaning filters 3. Brush pool as needed 4. Vacuum pool as needed 5. Cleaning tile 6. Adjusting water level 7. Clean and maintain pump room 8. Maintain log sheets for inspections This proposal includes : 1 Pool We propose to furnish labor Complete in accordance with above specifications for the sum of: $ 1900.00 Per Month for 5 day a week maintenance. With payment to be made as follows: All billings to be submitted on the 1st of each month of service and are due at Net 30 days. Authorized Signature Note: This proposal may be withdrawn by us if not accepted within ____ days. Patricia C. Buchanan This contract is ongoing and requires a 30 day cancellation notice by either party to terminate. No visits will be made on public holidays in effort to allow our employees to enjoy these family days. If your pool is missed on one of these days, extraordinary effort will be taken on the previous visit to assure that the pool will remain in good condition during the extended period. It is the expectation that debris on the pool decks will be removed daily by the property maintenance team. Acceptance of Proposal The above prices, specifications and conditions are satisfactory and hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. Authorized Signature Date of Acceptance: _______________ Date To Begin ________________________ Serving Central Florida since 1977 ROBERTS POOL SERVICE and REPAIR, Inc. 19315 Lake Pickett Road, Orlando, FL 32820 Office 407 568-1074 Fax 407 568-7483 Cells Pat 407 948-6063 J.P. 407 948-5810 E mail: Robertspool1977@aol.com CPC 041419 2711825 Date: August 19, 2025 Proposal submitted to: Marcia Calleja Name Tohoqua Amenity Street 2687 Clear Night Ave City Kissimmee Fl 34744 Phone 984-789-7645 407 841-5524 Work to be performed at: Same E:MAIL mcalleja@gmscfl.com We hereby submit specifications and estimates for: COMMERCIAL POOL MAINTENANCE 1. Balance water chemicals 2. Cleaning filters 3. Brush pool as needed 4. Vacuum pool as needed 5. Cleaning tile 6. Adjusting water level 7. Clean and maintain pump room 8. Maintain log sheets for inspections This proposal includes : 1 Pool We propose to furnish labor Complete in accordance with above specifications for the sum of: $ 1250.00 Per Month for : 5 day per week maintenance (Apr thru Sept) AND 3 day per week Maintenance (Oct thru March) With payment to be made as follows: All billings to be submitted on the 1st of each month of service and are due at Net 30 days. Authorized Signature Patricia C. Buchanan Note: This proposal may be withdrawn by us if not accepted within ____ days. This contract is ongoing and requires a 30 day cancellation notice by either party to terminate. No visits will be made on public holidays in effort to allow our employees to enjoy these family days. If your pool is missed on one of these days, extraordinary effort will be taken on the previous visit to assure that the pool will remain in good condition during the extended period. It is the expectation that debris on the pool decks will be removed daily by the property maintenance team Acceptance of Proposal The above prices, specifications and conditions are satisfactory and hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. Authorized Signature Date of Acceptance: ____________ Serving Central Florida since 1977 1B MAY, JUNE & JULY 20255 FACILITY REPORT: • The Facilities are up and running smoothly •We continue to issue access cards and giving new homeowners the welcome package and orientation •Wood trims around the facilities have been reenforced • Clubhouse Rentals in May: 1, June: 5, July: 3 EVENTS RECAP: MAY, JUNE & JULY • 2 RESIDENTS’ CLUB FACILITY REPORT: •The Facilities are up and running smoothlyUPCOMING: •We continue to issue access cards and giving newhomeowners the welcome package and orientation•Wood trims around the facilities have been reenforced•Clubhouse Rentals in May: 1, June: 5, July: 3 •The Facilities are up and running smoothlyUPCOMING: •We continue to issue access cards and giving newhomeowners the welcome package and orientation•Wood trims around the facilities have been reenforced•Clubhouse Rentals in May: 1, June: 5, July: 3•The Facilities are up and running smoothlyUPCOMING: •The Facilities are up and running smoothly •We continue to issue access cards and giving newhomeowners the welcome package and orientation• We continue to issue access cards and giving newhomeowners the welcome package and orientation•Wood trims around the facilities have been reenforced •Wood trims around the facilities have been reenforced •Clubhouse Rentals in May: 1, June: 5, July: 3 • Clubhouse Rentals in May: 1, June: 5, July: 3 EVENTS RECAP: MAY, JUNE & JULY •Mommy & Me Paint Party•End of School Bubble Party•Father’s Day Hole-In-One Celebration•Summer Pool Party0 750 1500 2250 May June •Mommy & Me Paint Party•End of School Bubble Party•Father’s Day Hole-In-One Celebration•Summer Pool Party0 750 1500 2250 May, June, & July Events Paint Party 3 End of School Bubble Party 4 Father’s Day Hole-In-One Celebration 5 Summer Pool Party 6 BOARD OF SUPERVISORS MEETING DATES TOHOQUA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026 The Board of Supervisors of the Tohoqua Community Development District will hold their regular meetings for Fiscal Year 2026 on the first Wednesday of the month at 9:00 a.m. at 1830 Fulfillment Drive, Kissimmee, FL 34744 unless otherwise indicated as follows: October 1, 2025 November 5, 2025 December 3, 2025 January 7, 2026 February 4, 2026 March 4, 2026 April 1, 2026 May 6, 2026 June 3, 2026 July 1, 2026 August 5, 2026 September 2, 2026 The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524. There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office. A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. District Manager Tohoqua Community Development District Performance Measures/Standards & Annual Reporting Form October 1, 2025 – September 30, 2026 1. Community Communication and Engagement Goal 1.1: Public Meetings Compliance Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs. Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements. Standard: A minimum of three board meetings were held during the Fiscal Year. Achieved: Yes . No . Goal 1.2: Notice of Meetings Compliance Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods. Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes . No . Goal 1.3: Access to Records Compliance Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks. Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records. Standard: 100% of monthly website checks were completed by District Management. Achieved: Yes . No . 2. Infrastructure and Facilities Maintenance Goal 2.1: Field Management and/or District Management Site Inspections Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure. Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by field manager and/or district manager’s reports, notes or other record keeping method. Standard: 100% of site visits were successfully completed as described within district management services agreement Achieved: Yes . No . Goal 2.2: District Infrastructure and Facilities Inspections Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems. Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems. Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer. Achieved: Yes . No . 3. Financial Transparency and Accountability Goal 3.1: Annual Budget Preparation Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year. Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records. Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website. Achieved: Yes . No . Goal 3.2: Financial Reports Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package. Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website. Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials. Achieved: Yes . No . Goal 3.3: Annual Financial Audit Objective: Conduct an annual independent financial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida. Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida. Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida. Achieved: Yes . No . Chair/Vice Chair:____________________________ Date:________________ Print Name:_________________________________ Tohoqua Community Development District District Manager:____________________________ Date:________________ Print Name:_________________________________ Tohoqua Community Development District A close-up of a logo Description automatically generated Memorandum To: Board of Supervisors From: District Management Date: August 7, 2024 RE: HB7013 – Special Districts Performance Measures and Standards ________________________________________________________________________________ To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the first full fiscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved. District Management has identified the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each: • Community Communication and Engagement • Infrastructure and Facilities Maintenance • Financial Transparency and Accountability Additionally, special districts must provide an annual reporting form to share with the public that reflects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting. The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District. Exhibit A: Goals, Objectives and Annual Reporting Form Tohoqua Community Development District Performance Measures/Standards & Annual Reporting Form October 1, 2024 – September 30, 2025 1. Community Communication and Engagement Goal 1.1: Public Meetings Compliance Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs. Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements. Standard: A minimum of three board meetings were held during the Fiscal Year. Achieved: Yes . No . Goal 1.2: Notice of Meetings Compliance Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods. Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes . No . Goal 1.3: Access to Records Compliance Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks. Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records. Standard: 100% of monthly website checks were completed by District Management. Achieved: Yes . No . 2. Infrastructure and Facilities Maintenance Goal 2.1: Field Management and/or District Management Site Inspections Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure. Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by field manager and/or district manager’s reports, notes or other record keeping method. Standard: 100% of site visits were successfully completed as described within district management services agreement Achieved: Yes . No . Goal 2.2: District Infrastructure and Facilities Inspections Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems. Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems. Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer. Achieved: Yes . No . 3. Financial Transparency and Accountability Goal 3.1: Annual Budget Preparation Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year. Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records. Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website. Achieved: Yes . No . Goal 3.2: Financial Reports Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package. Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website. Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials. Achieved: Yes . No . Goal 3.3: Annual Financial Audit Objective: Conduct an annual independent financial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida. Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida. Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida. Achieved: Yes . No . Chair/Vice Chair:____________________________ Date:________________ Print Name:_________________________________ Tohoqua Community Development District District Manager:____________________________ Date:________________ Print Name:_________________________________ Tohoqua Community Development District