Sandmine Road Community Development District

Meeting Agenda

March 19, 2026

Agenda

March 12, 2026

Board of Supervisors Sandmine Road
Sandmine Road
Community Development District
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Sandmine Road Community Development District will be held on Thursday, March 19, 2026 at 2:00 PM, or shortly thereafter as reasonably possible, at the Windsor Island Resort Clubhouse, 1115 Aloha Blvd., Davenport, Florida 33897. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of Eric Baker
Appointment of Individual(s) to Fulfill the Board Vacancy(ies)
Administration of Oath of Office to Newly Appointed Supervisor(s)
Election of Officers
Consideration of Resolution 2026-01 Electing Officers
Approval of Minutes of the July 17, 2025 Board of Supervisors Meeting and Acceptance of Minutes of the July 17, 2025 Audit Committee Meeting
Consideration of Second Amended and Restated Cost Share Agreement with the Windsor Island Resort Homeowners’ Association Related to Allocation of Irrigation Costs
Ratification Items
Transfer of Environmental Resource Permits for Phase 3, Modified Phase 2B and Holly Hill Projects
Agreement with Grau & Associates to Provide Auditing Services for the Fiscal Year 2025
Data Sharing and Usage Agreement with Polk County Property Appraiser
Uniform Method Contract Agreement with Polk County Property Appraiser
Irrigation Allocation Analysis Proposal with Foster Conant & Associates for Phases 2 & 3 Irrigation
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Calculation Reports
Series 2020 Bonds
Series 2021 Bonds
Series 2022 Bonds
Field Manager’s Report
Consideration of Proposal for Palm Removal
Consideration of Landscape Maintenance Service Agreement and Fee Summary with Exclusive Landscaping Group, LLC
Other Business
Supervisors Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,
George S. Flint
George S. Flint District Manager

CC:	Tucker Mackie, District Counsel Broc Althafer, District Engineer Darrin Mossing, GMS

Enclosures

Section III

Section A
...0Cln$1\ EnYe!ope ID CA32944t-FOA0-48C'-483A·E029606E48AO

DearBoar<!ot Supervisors andManagement,

I herebyresign my positions as a member of the Boards of supervisors for the following
coos:
Hartford Terrace
Riverwalk
Sandmine Road
Windsor Cay

Myresignations are effective immediately.

Eric Baker

Section E
RESOLUTION 2026-01

A RESOLUTION ELECTING THE OFFICERS OF THE SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT, POLK COUNTY, FLORIDA.

Whereas, the Sandmine Road 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 SANDMINE ROAD 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	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		

Passed and adopted this 19th day of February, 2026.

ATTEST:	SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Minutes
MINUTES OF MEETING SANDMINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Sandmine Road Community Development District was held Thursday, July 17, 2025, at 2:05 p.m. at 1115 Aloha Blvd., Davenport, Florida.

Present and constituting a quorum were:

Mary Burns	Assistant Secretary
Duane “Rocky” Owen	Assistant Secretary
Tom Franklin	Assistant Secretary Also present were:
George Flint	District Manager
Ryan Dugan by phone	District Counsel
Broc Althafer by phone	District Engineer
Ashley Hilyard	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called roll. Three Board members were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint noted there were no members of the public present other than Board members and staff.
THIRD ORDER OF BUSINESS	Organizational Matters
Mr. Flint noted Mary Burns was administered the oath before the meeting.

Acceptance of Resignation of Chris Wrenn and Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2026
Mr. Flint presented Chris Wrenn’s resignation and asked for a motion to accept the resignation.

Mr. Flint stated that there are no nominations to fill the vacancy at this time. The vacancy will be carried over.
Administration of Oath of Office to Newly Appointed Supervisor
Election of Officers
Consideration of Resolution 2025-04 Electing Officers
Items B through D were tabled to a future meeting agenda.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the April 17, 2025
Meeting
Mr. Flint presented the minutes of the April 17, 2025 meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes.

FIFTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2024 Audit Report
Mr. Flint stated the 2024 audit report is included in the agenda package for review. There were no findings or recommendations. It is a clean audit report.

SIXTH ORDER OF BUSINESS	Public Hearing
Mr. Flint asked to open the public hearing.

Mr. Flint stated there is no members of the public present to provide comment or testimony,

Consideration of Resolution 2025-05 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations
Mr. Flint presented Resolution 2025-05. He explained that the assessment levels are the same for next year as they are for the current year. He noted the administrative expenses have

increased by about $3,800 which is primarily a combination of the management fees and insurance. He stated the field expenses went down by about $4,000. They increased the transfer to capital reserve to $10,400. The total budget remains the same at $368,473. The per unit assessments for FY 2026 are the same as FY 2025.

Consideration of Resolution 2025-06 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint stated there are no members of the public present to provide comments. He presented Resolution 2025-06 stating there are two attachments, one is the budget they just approved and the second is the assessment roll that lists each property within the District and their per unit assessments.

Mr. Flint asked to close the public hearing.

SEVENTH ORDER OF BUSINESS	Acceptance	of	Audit	Committee
Recommendation and Selection of #1 Ranked to Provide Auditing Services for the Fiscal Year 2025
Mr. Flint stated the Board met as the Audit Committee prior to this Board meeting. They ranked Grau & Associates #1 and DiBartolomeo, McBee, Hartley & Barnes #2.

EIGHTH ORDER OF BUSINESS	District Goals and Objectives
Adoption of Fiscal Year 2026 Goals and Objectives

Mr. Flint explained the adoption of Fiscal Year 2026 goals and objectives. He noted they included the same objectives for 2026 as they have for 2025.

Presentation of Fiscal Year 2025 Goals and Objectives and Authorization to Chair to Execute
Mr. Flint explained that this item would be to delegate authority to the Chair to execute the annual Goals and Objectives report for the current year and authorize it to be posted on the website.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Dugan had nothing to report but offered to answer any questions.

Engineer
Mr. Althafer had nothing to report.

District Manager’s Report
Approval of Check Register
Mr. Flint presented the check register from March 1, 2025 through May 31, 2025 for the general fund $625,833.35. A detailed register is behind the summary.

Balance Sheet and Income Statement
Mr. Flint stated the unaudited financials are available for Board review and offered to take any questions. No action is required.

Presentation of Number of Registered Voters – 10
Mr. Flint stated there are 10 registered voters.

Approval of Fiscal Year 2026 Meeting Schedule

Mr. Flint presented the Fiscal Year 2026 meeting schedule. They prepared a notice following the same meeting protocol of the third Thursday of the month at 2:00 p.m. in this location. The Board approved the meeting notice.

Field Manager’s Report
Tree/Palm Trimming Proposal
Ms. Hilyard reviewed the Field Manager’s Report. The report included the landscape maintenance, which continues to be completed on a weekly basis. Her report also included minor irrigation repairs will be completed as identified during the June monthly irrigation inspection, the annuals are currently being changed out, a proposal to transition the remaining CDD areas was provided after the CDD area of exterior landscape along HWY 27 was accidentally transitioned from pine bark to cocoa brown, and a proposal to prune palms and oaks was provided. Her report also included site items, discing and dry pond maintenance, fountain maintenance, border fence and wall inventory, and additional border fence repair. She explained that the HOA has requested permission to install an 8 ft. to 12 ft. bamboo privacy wall on CDD property. Discussion ensued regarding the HOA request.
Ms. Hilyard presented a tree/palm trimming proposal.

Mulch Proposal
Ms. Hilyard presented a proposal for mulch.

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

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

TWELFTH ORDER OF BUSINESS	Adjournment
Mr. Flint asked for a motion to adjourn the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING SANDMINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Sandmine Road Community Development District was held Thursday, July 17, 2025, at 2:00 p.m. at 1115 Aloha Blvd, Davenport, Florida.

Present for the Audit Committee were:

Mary Burns
Duane “Rocky” Owen Tom Franklin
George Flint
Ryan Dugan by phone Broc Althafer by phone Ashley Hilyard

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called roll.

SECOND ORDER OF BUSNESS	Public Comment Period
Mr. Flint stated there were no members of the public present.

THIRD ORDER OF BUSINESS	Approval of Minutes of the April 17, 2025
Meeting
Mr. Flint presented the minutes of the April 17, 2025 meeting and asked the Board for any comments, corrections, or changes. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Review of Proposals and Tally of Audit
Committee Rankings’
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
Mr. Flint noted the Audit Committee previously met and approved the form of the RFP and the selection criteria and the form of the legal notice. He pointed out that they advertised it and sent it out to four or five firms that provide the majority of these services. As a result, they
July 17, 2025	Sandmine Road

received two responses: one from DiBartolomeo, McBee, Hartley & Barnes and one from Grau & Associates. He stated the selection criteria included ability of personnel at 20 points, proposers experience at 20 points, understanding of scope at 20 points, and ability to provide the service at 20 points, and price at 20 points. They asked for five years of pricing. Grau & Associates is lower for each of the five years. He suggested the committee rank them evenly on the other four criteria and then differentiate them on price, which would make Grau & Associates #1 and DiBartolomeo, McBee, Hartley & Barnes #2. The Board awarded 95 points to DiBartolomeo, McBee, Hartley & Barnes and 100 points to Grau & Associates.

FIFTH ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting.

2

Section V
SECOND AMENDED AND RESTATED COST SHARE AGREEMENT BETWEEN THE SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT AND THE WINDSOR ISLAND RESORT HOMEOWNERS ASSOCIATION, INC., FOR IRRIGATION SERVICES1
THIS SECOND AMENDED AND RESTATED AGREEMENT (“Agreement”) is
made and entered into this 	 day of 	 2026 by and between:
SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT, a local
unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, with a mailing address of 219 East Livingston Street, Orlando, Florida 32801 (hereinafter, the "District"), and
WINDSOR ISLAND RESORT HOMEOWNERS ASSOCIATION, INC., a
Florida not-for-profit corporation, with a mailing address of 4901 Vineland Road, Suite 500, Orlando, Florida 32811 (hereinafter “Association” and, together with District, the “Parties”).

RECITALS:

WHEREAS, the District was established by an ordinance adopted by the Board of County Commissioners in and for Polk County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure, including roadways, neighborhood infrastructure (water, sewer, landscaping and irrigation,), and stormwater management; and

WHEREAS, Association is a Florida not-for-profit corporation owning, operating and maintaining various improvements and facilities in the District; and

WHEREAS, there is an irrigation system serving the development within the District which has mainline connections with meters and includes certain irrigation water submeter(s) (“Submeters”); and

WHEREAS, the irrigation water utility accounts (“Accounts”) are in the name of the Association and the Association pays the associated invoices; and
WHEREAS, certain Submeters measure irrigation provided to landscaping improvements that are located on Association property (the “Association Property”) as well as District property (“District Property”), the general locations of which are depicted in the attached Exhibit A; and

1 This Second Amended and Restated Cost Share Agreement amends and restates that certain Cost Share Agreement between the Sandmine Road Community Development District and the Windsor Island Resort Homeowners Association, Inc., for Irrigation Services, dated October 21, 2021 (“First Amended Agreement”).
WHEREAS, for ease of administration, potential cost savings to property owners and residents, and the benefits received by the property owners and residences within the District, the District and Association desire to enter into this Agreement to provide for the allocation of costs associated with the irrigation so that each party pays its respective share.
NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the Parties agree as follows:

Recitals. The recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Agreement.
Submeter Cost Allocation. Each party shall be responsible for its proportionate share of the utility costs on the Accounts associated with the Submeters. Beginning with the effective date of this Agreement, the District shall pay its proportionate share of the irrigation water usage costs incurred to the Association based on the percentage of usage attributed to the Submeters to be calculated as described in Exhibit B attached hereto. As a point of clarity, the Submeters described on Exhibit B are POC1 (82% District and 18% Association), POC10 (100% District and 0% Association) and POC 11 (95.3% District and 4.7% Association). Submeter cost allocation for periods prior to the effective date of this Agreement, if any, shall be determined according to the First Amended Agreement.

Billing and Payment. The Accounts associated with the Submeters are set up in the name of the Association and utility bills associated with the Accounts will be sent to the Association. Once the Association receives a monthly bill on the Account, the Association shall calculate the amount due from District for usage attributable to the Submeters as set forth in Sections 2 and 3 above and shall send an invoice to the District at the address listed in this Agreement. District will then have thirty (30) days to submit payment to the Association at the address listed in this Agreement. Failure of District to make timely payment of its proportionate share shall constitute a default under Section 5 of this Agreement.
Default. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution or appellate proceedings.

Agreement. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement.

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing that is executed by both of the Parties hereto.
Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each party has complied with all the requirements of law and each party has full power and authority to comply with the terms and provisions of this instrument.

Notices. All notices, requests, consents and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the Parties, as follows:

If to District:	Sandmine Road
Community Development District 219 East Livingston Street Orlando, Florida 32801
Attn: District Manager

With a copy to:	Kutak Rock LLP
107 W. College Avenue Tallahassee, Florida 32301 Attn: District Counsel

If to Association:	Windsor Island Resort
Homeowners Association, Inc. 4901 Vineland Road, Suite 500
Orlando, Florida 32811
Attn: 	

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the Parties may deliver Notice on behalf of the Parties. Any party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth herein.
Third Party Beneficiaries. This Agreement is solely for the benefit of the formal Parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and
conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns.

Assignment. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.
Controlling Law and Venue. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. The Parties agree that venue shall be in Polk County, Florida.
Effective Date and Term. The Agreement shall be effective after execution by both Parties hereto and shall remain in effect unless terminated by either of the Parties hereto in accordance with the provisions of Section 14 of this Agreement.

Termination. The Association shall have the right, but not the obligation, to terminate this agreement for default by District if District shall become more than ninety (90) days delinquent on its payment obligations as set forth above. In addition, either party may terminate this Agreement without cause upon sixty (60) days' notice to the other. However, as a condition precedent to the District being released from its obligations hereunder, the District must cause the District Property to be placed on a separate meter connected to an account in its own name and must pay for all expenses associated with such re-metering. The District shall remain obligated by the terms and conditions of this Agreement until such time as the new meter and account is established and all payments due under this Agreement are made.

Public Records. Association understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Association agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to section 119.0701, Florida Statutes. Association acknowledges that the designated public records custodian for the District is the District’s Secretary (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Association shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Association does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Association’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Association, Association shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF ASSOCIATION HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ASSOCIATION’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT GFLINT@GMSCFL.COM, (407) 841-5524, AND 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA
3332801619.
Failure of Association to comply with public records laws to the extent required by statute will result in immediate termination of the Agreement.
Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute or law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

[Signatures Appear on Following Page]
IN WITNESS WHEREOF, the Parties execute this agreement the day and year first written above.

Attest:	SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT

By: 		By: 	
Its: 	

Attest:	WINDSOR ISLAND RESORT HOMEOWNERS ASSOCIATION, INC.

By: 	

Its: 	

Exhibit A: Description of District Property and Association Property
Exhibit B: Submeter Cost Share Report and Allocation

6

PHASE2B	PHASE 1

PHASE 1

C Exhibit

'c!.\ht'41?

[aJJ?f'?
?4

CONANT
& ASSOCIATES

Landscape Architecture
& Site Planning

Principals Matthew J. Allen Richard R. Conant

Associate Principal
David R. Seaberg

100 West Lucerne Circle
Suite 401
Orlando, FL 32801-3718

Phone: 407.648.2225
www.fosterconant.com
LA 6667359

January 27, 2026

Broe Althafer, P.E. Osceola Engineering, LLC 1003 Florida Avenue Saint Cloud, FL 34769 407-891-0452
balthafer@osc-eng.com

Re: Windsor Island Resort, Polk County, FL Phases 2 & 3 CDD Irrigation Letter
FCA Project No. 26105 Dear Broe:
Based on your request, I have evaluated the final Windsor Island Resort irrigation systems as they relate to CDD and HOA re-use water cost sharing. In this process we identified that the initial Phase 1 cost sharing letter needed to be adjusted, and Phase 3 will also require shared percentages. The balance of the zones that re-use water the perimeters is 100% CDD. I have included an overall master plan exhibit to identify this information.

The areas of irrigation identified under this letter were evaluated based on a calculation of zones, which represents the irrigation zones. The irrigation equipment is either drip irrigation, spray heads, rotors, or bubblers for trees. To fairly calculate the percentage of re-use water used by the CDD vs the HOA, the consultant utilized the final irrigation plans to derive a fair percentage.

Phase 1 Entrance / Frontage & Phase 2 Frontage - POC 1
The Phase 1 entrance irrigation system for Windsor Island Resort utilizes water from a re-use Master Meter A located at the main entrance to the project. At this location a point of connection (POC) was added to the main line with a flow meter to identify re-use water volume usage. This is identified as POC 1 on the master plan exhibit. All areas within the CDD zone come from POC 1 with a few zones that crossed over into the HOA property. In a letter dated May 28, 2021, re-use water cost sharing was calculated based on the initial entrance and frontage along Sandmine Road. Since that letter, a section along the west frontage was added under Phase 2 behind lots 356-370. The additional irrigation will affect the share percentages as follows: CDD has 82% and the HOA will be responsible for 18%.

POC 1 provides re-use water to 30 irrigation zones including the Phase 2 addition. Of the total 30 zones, 21 zones solely supply re-use water to the CDD, 3

Windsor Island Resort January 27, 2026
Page 2

zones supply re-use water totally to the HOA, and in 6 zones the irrigation is shared by HOA and CDD. This is fed by Master Meter A.

The percentage in each zone was calculated by delivered GPM per zone.

Phase 2 A & B Perimeter (POTABLE WATER)
Along the western boundary, re-use water is delivered through POC 10 (next to lot 464) to five (5) zones. Along the middle section of the boundary two (2) additional zones are supplied by a potable water line. This potable water is metered at the street near lot 424. All seven (7) of these zones are for CDD use. In order to calculate the CDD use, a flow meter needs to be added to POC 10. This is fed by the Master Meter B. The potable meter was required by Polk County Utilities due to the proximity of the irrigation system to a Polk County well.

Phase 3 - POC 11
In Phase 3, the CDD irrigation runs along the southern and western frontages. There are fifteen (15) zones of which two (2) are shared between the CDD and the HOA. POC 11 will require a flow meter to calculate the monthly re-use water consumption. The cost sharing will be 95.3% CDD and 4.7% HOA. This is fed by the Master Meter B.

Summary
An adjustment to the cost sharing for the Phase 1 Entrance/ Frontage & Phase 2 Frontage will be 82% to the CDD and 18% to the HOA of the re-use water readings.

The Phase 2 A & B Perimeter will require a flow meter on POC 10. 100% of the flow meter reading will be CDD.

In Phase 3 - POC 11 will require a flow meter. The flow meter reading will be shared cost at 95.3% will be CDD and 4.7% will be the HOA.

Please contact me if you have questions or concerns. Sincerely,
?(j!-?
Richard R. Conant, RLA IFASLA Principal

POC1								
Phase 1 Entrance/ Frontage & Phase 2 Frontage								
NUMBER	MODEL	SIZE	TYPE	GPM	

=			
1 Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	26.73					
2 Rain Bird PESBR	1-112"	Turf Spray	47.06					
3 Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	33.77					
4 Rain Bird PESBR	1"	Bubbler	25.20					
5 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	37.31					
6 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	23.36					
7 Rain Bird PESBR	2"	Turf Spray	57.83					
8 Rain Bird PESBR	2"	Turf Spray	57.52					
9 Rain BirdXCZ-150-LCDR	1-1/2"	Area for Dripline	22.47					
10 Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	20.93					
11 Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	25.67					
12 Rain Bird PESBR	1"	Bubbler	32.20					
13 Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	32.28					
14 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	39.11					
15 Rain Bird PESBR	2"	Turf Spray	62.04					
16 Rain Bird PESBR	1"	Turf Rotor	17.95					
17 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	34.56					
18 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	25.92					
19 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	27.60					
20 Rain Bird PESBR	2"	Turf Spray	60.69					
21 Rain Bird PESBR	2"	Turf Spray	57.47					
22 Rain Bird PESBR	1"	Bubbler	36.40					
23 Rain Bird XCZ-150-LCDR	1-1/2"		22.46					
24 Rain Bird PESBR	2"	Turf Spray	59.90					
	Phase 1 Entrance& Frontage	886.43						
	=	=	'liLo=iGl'l11Q_	
liQA				
1 Rain Bird PESBR	2"	Turf Spray	57.47	100.00%		57.47	0.00	
2 Rain Bird PESBR	1"	Bubbler	23.80	100.00%		23.80	0.00	
3 Rain Bird XCZ-150-LCDR	1-1/2"	Area for Dripline	39.84	100.00%		39.84	0.00	
4 Rain Bird PESBR	2"	Turf Spray	55.62	100.00%		55.62	0.00	
5 Rain Bird PESBR	2"	Turf Spray	55.62	100.00%		55.62	0.00	
6 Rain Bird PESBR	2"	Turf Spray	55.62	100.00%		55.62	0.00	
	Total Phase 2 Frontage	287.97	287.97	0.00					
								
Total Phase 1 Entrance/ Frontage & Phase 2 Frontage 1,174.401								

Phase 2 A & B Perimeter
Potable Meter												
Phase 2 Common Potable		Potable Meter										
NUMBER	MODEL	SIZE	TYPE	GPM	%to COD	%to HOA	'liLoiGl'l11Q_
COD	'l!,  Qf_filJ:-
HOA		CDD	HOA	
A-3	Rain Bird PESB-IVM	1-112"	Bubbler	43.40	100.00%		43.40	0.00		100%		
A-4	Rain Bird XCZ-150-LCDR	1-1 /2"	Area for Dripline Bubbler	23.42	100.00%		23.42	0.00		66.82	0.00	
Total Phase2 Common Potable	66.82			66.82	0.00							

POC 10												
Phase 2 Common Reclaimed		POC10										
A-1	Rain Bird XCZ-150-LCDR	1-112"	Area for Dripline	24.98	100.00%		24.9B	0.00		100%		
A-2	Rain Bird PESB-IVM	2"	Bubbler	39.20	100.00%		39.20	0.00		CDD	HOA	
A-5	Rain Bird PESB-IVM	2"	Bubbler	57.40	100.00%		57.40	0.00		206.14	0.00	
A-6	Rain Bird XCZ-150-LCDR	1-112"	
Area for Dripline	
41.16	
100.00%		
41.16	
0.00				
A-7	Rain Bird PESB-IVM	1"	Bubbler GPM	43.40	100.00%		43.40	0.00				
Total Phase2 Common Reclaimed	?	206.14	0.00										
Total Phase 2 Common GPM1272.961												

POC11											
Phase 3											
NUMBER	MODEL	SIZE	TYPE	GPM	
%to COD	
%to HOA	
COD	
HOA		POC 11	
Fl	Rain Bird PESBR	2"	Turf Rotor	60.86	100.00%		60.86	0.00		95.3% 14.7%	
F2	Rain Bird PESBR	1··	Bubbler	14.00	100.00%		14.00	0.00		CDD I HOA	
F3	Rain Bird PESBR	2··	Turf Rotor	65.12	100.00%		65.12	0.00			
F4	Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	51.98	100.00%		51.98	0.00			
F5	Rain Bird PESBR	2"	Turf Rotor	58.77	100.00%		58.77	0.00			
F6	Rain Bird PESBR	2"	Turf Rotor	61.18	100.00%		61.18	0.00			
F7	Rain Bird PESBR	1"	Turf Spray	26.94	100.00%		26.94	0.00			
F8	Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	52.59	91.00%	9.00%	47.86	4.73			
F9	Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	56.36	100.00%		56.36	0.00			
FlO	Rain Bird PESBR	1-112"	Turf Spray	36.66	100.00%		36.66	0.00			
Fll	Rain Bird PESBR	2"	Bubbler	57.40	100.00%		57.40	0.00			
Gl	Rain BirdXCZ-150-LCDR	1-112"	Area for Dripline	22.47	100.00%		22.47	0.00			
G2	Rain Bird PESBR	1-112"	Turf Spray	41.70	100.00%		41.70	0.00			
G3	Rain Bird PESBR	2"	Bubbler	56.00	50.00%	50.00%	28.00	28.00			
G4	Rain Bird PESBR	1-112"	Turf Spray	37.96	100.00%		37.96	0.00			
Total Phase 3 GPM	699.99		667.26	32.73							

Section VI

Section A
Southwest Florida
Water Management D?trict
---
2379 Broad Street, Brooksville, Florida 34604-6899
(352) 796-7211or 1-800-423-1476 (FL only)
WaterMatters.org

An Equal Opportunity Emple>)'ef
Bartow Office
170 Century Boulevard
Bartow, Florida 33830-7700
(863) 534-1448 or
1-800-492-7862 (FL only)
Sarasota Office
78 Sarasota Center Boulevard Sarasota. Florida 34240-9770
(941) 377-3722 or
1-800-320-3503 (FL only)
Tampa Office
7601U.S. 301 North (Fort King Highway)
Tampa, Florida 33637-6759
(813) 985-7481 or
1-800-836-0797 (FL only)

May 24, 2023

Sandmine Road Community Development District Attn: Chris Wrenn
4901 Vineland Rd., Ste. 460
Orlando, FL 32811

Subject:	Transfer to Operation Phase
Project Name:	Holly Hill
Permit No.:	43030517.005
Compliance No.:	413053 County:	 Polk
Sec/Twp/Rge:	S13/T25S/R26E
Dear Mr. Wrenn:
The request to transfer the subject permit to the operation phase has been approved. District staff have reviewed the submitted information and determined that the stormwater management system was in compliance at the time of our inspection. The District reserves the right to inspect the project in the future to ensure continued compliance with state law and District rules. The permit, approved drawings and other documents are available for viewing through the District's Application and Permit Search Tools at http:// watermatters.org/wmiserp.
The subject permit contains a condition requiring periodic inspection and maintenance. The inspections are required every five (5) years. A record of each inspection (including the date of inspection, the name and contact information of the inspector, whether the system was functioning as designed and permitted) must be maintained, and must be made available to the District upon request. Within 30 days of any failure of a stormwater management system or deviation from the permit, an inspection report shall be submitted using Form 62-330.311(1), Operation and Maintenance Inspection Certification available on the District's website, http://www.watermatters.org/permits/erp, describing the remedial actions taken to resolve the failure or deviation.
As outlined in Subsection 62-330.340, F.A.C., "A Permittee shall notify the Agency in writing within 30 days of a change in ownership or control of the entire real property, project, or activity covered by the permit. This notification can be submitted on Form 62-330.340(1) -Request To Transfer Permit available on the District's website, http://www.watermatters.org/permits/erp.
If you have questions, please contact Indira Korrapati, E.I. at the Bartow Service Office. Sincerely,

David Kramer, P.E.
Bureau Chief
Environmental Resource Permit Bureau Regulation Division
cc:	Broe Althafer, P.E., Osceola Engineering, Inc.

Southwest t1orida
Water Managenient District
L,:jf'>:J tsroaa ;:,creel, tsro0Ksv111e, i-1onaa ,:j40V4-0l:S::1'>:J
(352) 796-7211or 1-800-423--1476 (FL only)
WaterMatters.org

An Equal Opportunity Employer
Bartow Office
170 Century Boulevard
Bartow, Florida 33830-7700
(863) 534-1448 or
1-800-492-7862 (FL only)
Sarasota Office
78 Sarasota Center Boulevard Sarasota, Florida 34240-9770
(941) 377-3722 or
1-800-320-3503 (FL only)
Tampa Office
7601 U.S. 301 North (Fort King Highway)
Tampa, Florida 33637-6759
(813) 985-7481 or
1-800-836-0797 (FL only)

May 24, 2023

Sandmine Road Community Development District Attn: Chris Wrenn
4901 Vineland Rd., Ste. 460
Orlando, FL 32811

Subject:	Transfer to Operation Phase
Project Name:	Sandmine Road Phase 3 and Modified Phase 28 Permit No.:	43030517.007
Compliance No.:	425598 County:	 Polk
Sec/Twp/Rge:	S13/T25S/R26E
Dear Mr. Wrenn:
The request to transfer the subject permit to the operation phase has been approved. District staff have reviewed the submitted information and determined that the stormwater management system was in compliance at the time of our inspection. The District reserves the right to inspect the project in the future to ensure continued compliance with state law and District rules. The permit, approved drawings and other documents are available for viewing through the District's Application and Permit Search Tools at http:// watermatters.org/wmiserp.
As outlined in Subsection 62-330.340, F.A.C., "A Permittee shall notify the Agency in writing within 30 days of a change in ownership or control of the entire real property, project, or activity covered by the permit. This notification can be submitted on Form 62-330.340(1) -Request To Transfer Permit available on the District's website, http://www.watermatters.org/permits/erp.
If you have questions, please contact Indira Korrapati, E.I. at the Bartow Service Office. Sincerely,

David Kramer, P.E.
Bureau Chief
Environmental Resource Permit Bureau Regulation Division
cc:	Broe Althafer, P.E., Osceola Engineering, Inc.

Section B

September 8, 2025 Board of Supervisors
Sandmine Road Community Development District 219 East Livingston Street
Orlando, Florida 32801
1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com
We are pleased to confirm our understanding of the services we are to provide Sandmine Road Community Development District, Polk County, Florida (“the District”) for the fiscal year ended September 30, 2025, with the option of four (4) additional one-year renewals. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Sandmine Road Community Development District as of and for the fiscal year ended September 30, 2025, with the option of four (4) additional one-year renewals. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes.

Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, 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. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding 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 will 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.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.
This agreement provides for a contract period of one (1) year with the option of four (4) additional, one-year renewals upon the written consent of both parties. Our fee for these services will not exceed $4,600 for the September 30, 2025 audit. The fees for the fiscal years 2026, 2027, 2028 and 2029 will not exceed $4,700, $4,800, $4,900 and $5,000, respectively, unless there is a change in activity by the District which results in additional audit work or if Bonds are issued.

We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Sandmine Road Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.

Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Sandmine Road Community Development District.

By: 		
Title:	District Manager	
Date:	2025-09-15	

FloridaInstitute of Certified Public Accountants

FICPA Peer Review Program
Administered in Florida
bv The Florida Institute of CPAs
..	AICPA'	Peer Review

AICPA Peer Review Program
Administered in Florida by the Florida Institute of CPAs

March 17, 2023

Antonio Grau Grau & Associates
951 Yamato Rd Ste 280 Boca Raton, FL 33431-1809

Dear Antonio Grau:

It is my pleasure to notify you that on March 16, 2023, the Florida Peer Review Committee accepted the report on the most recent System Review of your firm. The due date for your next review is December 31, 2025. This is the date by which all review documents should be completed and submitted to the administering entity.
As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the firm.
Thank you for your cooperation. Sincerely,

Peer Review Team
FICPA Peer Review Committee 850.224.2727, x5957
cc: Daniel Hevia, Racquel McIntosh
Firm Number: 900004390114	Review Number: 594791

119 S Monroe Street, Suite 121 I Tallahassee, FL 32301I 850.224.2727, in Florida I www.ficpa.org

Section C
POLK COUNTY
Property Appraiser Neil Combee
2026 Data Sharing and Usage Agreement
Revised 12/2025 ADA Compliant

This Data Sharing and Usage Agreement, hereinafter referred to as "Agreement," establishes the terms and conditions under which the Sandmine Road Community Development District	hereinafter
referred to as "agency," can acquire and use Polk County Property Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.

In accordance with the terms and con_ditions of this Agreement, the agency agrees to protect confidential data in accordance with FS 282.3185 and FS 501.171 and adhere to the standards set forth within these statutes.

For the purposes of this Agreement, all data is provided. It is the responsibility of the agency to apply all statutory guidelines relative to confidentiality and personal identifying information.

The confidentiality of personal identifying information including: names, mailing address and OR Book and Pages pertaining to parcels owned by individuals that have received exempt/ confidential status, hereinafter referred to as "confidential data," will be protected as follows:
The agency will not release confidential data that may reveal identifying information of individuals exempted from Public Records disclosure.
The agency will not present the confidential data in the results of data analysis (including maps) in any manner that would reveal personal identifying information of individuals exempted from Public Records disclosure.
The agency shall comply with all state laws and regulations governing the confidentiality and exempt status of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential data is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential data is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before
personal identifying information is released.
The agency agrees to comply with all regulations for the security of confidential personal information as defined in FS 501.171.
The agency, when defined as "local government" by FS 282.3185. is required to adhere to all cybersecurity guidelines when in possession of data provided or obtained from the Polk County Property Appraiser.

The term of this Agreement shall commence on January 1, 2026, and shall run until December 31, 2026, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually to ensure all responsible parties are aware of and maintain the terms and conditions of this Data Sharing and Usage Agreement.
In witness of their agreement to the terms above, the parties or their authorized agents hereby affix their signatures.

POLK COUNTY PROPERTY APPRAISER

Signature:   AA_IJ_·_0=--_mb_._(_Ul,	 _
Agency:	Sand?ommunity Development Dilil
Signature:	'----	f	 \........ .
=c: 
Print:	Neil Combee	
Print:
 George S. Flint	
Title: Date:
Polk County Property Appraiser January 1, 2026	

Title: Date:
 Secretary/District Manager	

12/19/2025

Please email the signed agreement to pataxroll@polk-county.net.

Section D
CONTRACT AGREEMENT
This Agreement made and entered into on Wednesday, January 14, 2026 by and between the Sandmine Road Community Development District, a local unit of special purpose government of the State of Florida hereinafter referred to as the 'Special District', and Neil Combee, Polk County Property Appraiser, a Constitutional Officer of the State of Florida, whose address is 255 North Wilson Ave., Bartow, FL 33830, hereinafter referred to as the 'Property Appraiser'.
Section 197.3632 Florida Statutes, provides that special assessments of non-ad valorem taxes levied by the Special District may be included in the assessment rolls of the County and collected in conjunction with ad valorem taxes as assessed by the Property Appraiser. Pursuant to that option, the Property Appraiser and the Special District shall enter into an agreement providing for reimbursement to the Property Appraiser of administrative costs, including costs of inception and maintenance, incurred as a result of such inclusion.
The parties herein agree that, for the 2026 tax year assessment roll, the Property Appraiser will include on the assessment rolls such special assessments as are certified to her by the Sandmine Road Community ?evelopment District.
The term of this Agreement shall commence on January 1, 2026 or the date signed below, whichever is later, and shall run until December 31, 2026, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew.
The Special District shall meet all relevant requirements of Section 197.3632 & l.2Q..Q2l Florida Statutes.
The Special District shall furnish the Property Appraiser with up-to-date data concerning its boundaries and proposed assessments, and other information as requested by the Property Appraiser to facilitate in administering the non-ad valorem assessment in question. Specifically, if assessments will be included on the 2026 TRIM Notice, the Special District shall provide proposed assessments no later than Friday, July 10, 2026. The Special District's assessments shall, as far as practicable, be uniform (e.g. one uniform assessment for maintenance, etc.) to facilitate the making of the assessments by the mass data techniques utilized by the Property Appraiser.

The Special District shall certify to the Property Appraiser the Special District's annual installment and levy no later than Tuesday, September 15, 2026. The Property Appraiser shall, using the information provided by the Special District, place the Special District's non ad-valorem special assessments on properties within the district for inclusion on the 2026 tax roll.
The Property Appraiser shall be compensated by the Special District for the administrative costs incurred in carrying out this Agreement at the rate of 1% of the amount levied on the TRIM Notice or if the TRIM Notice is not used, the rate shall be 1% of the amount levied on the 2026 tax roll. For the TRIM Notice, the Property Appraiser will require payment on or before Tuesday, September 15, 2026 for processing within the Property Appraiser budget year (October 1st- September 30th).

If the actual costs of performing the services under this agreement exceed the compensation provided for in Paragraph 7, the amount of compensation shall be the actual costs of performing the services under this agreement.
If tax roll corrections are requested by the Special District, the Property Appraiser shall be compensated by the Special District for the administrative costs incurred at the rate of $5.00 for each tax roll correction exceeding ten (10) corrections per tax year.

The Special District shall indemnify and hold harmless, to the extent permitted by Florida law and without waiving its right of any applicable sovereign immunity, the Property Appraiser and all respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser and all respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the Special District or its employees, agents, servants, partners, principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The Special District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the Property Appraiser where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorneys' fees which may issue thereon.

EXECUTED By:

Special Distric\ Representative
G-e-o ... oc.. -s. ? \; -s\...	

Date
Neil Combee
Polk County Property Appraiser By:

Neil Combee, Property Appraiser

Section E

CONANT
& ASSOCIATES

Landscape
Architecture
& Site
Planning

Principals Matthew J. Allen Richard R. Conant

Associate Principal
David R. Seaberg
January 9, 2026

Broe Althafer, P.E. Osceola Engineering, LLC 1003 Florida Avenue Saint Cloud, FL 34769 407-891-0452
balthafer@osc-eng.com

Re: Windsor Island Resort, Polk County, FL Phases 2 & 3 CDD Irrigation Letter
FCA Project No. 26105 Dear Broe:
Thank you for allowing us this opportunity to propose additional landscape architectural design services for your ongoing project.

Per your request, please accept our fees below for the Irrigation Calculations for Windsor Island Phases 2 and 3 for the CDD Separation allocation from the Homeowner's Association (HOA).

FEES

In consideration for services performed, Osceola-Engineering, LLC agrees to pay Foster Conant & Associates the following fees:

CDD Separation allocation from the HOA	$600 HOURLY RATES
In the event that the scope of service is expanded, or additions or revisions authorized by the Client are required, compensation for these services shall be handled on a negotiated basis or an hourly rate as follows:

President Principal
Associate Principal Senior Associate Associate
GENERAL
$200 175
160
95
85

100 West Lucerne Circle
Suite401 Orlando, FL 32801-3718

Phone: 407.648.2225
www.fosterconant.r.om
LA6667359
Direct Expenses - All direct expenses related to the production, reproduction, and presentation of drawings, including printing, CAD plotting, photocopying, express services, travel and overnight accommodations shall be reimbursable expenses.
Documents - All original documents shall be retained by the Consultant and shall remain their property. This information is proprietary and shall not be shared with others without prior written consent. The Owner shall be provided with reproducible copies of all original documents at their expense. The Consultant reserves the right to withhold documents for unpaid services that exceed 30 days.
Invoicing - Invoices shall be submitted monthly as work progresses and shall be due and payable within 30 days. An annual service charge of 18% accrued monthly shall be added to all unpaid balances outstanding after thirty days.
Place of Venue - This contract is deemed to have been made in Orlando, Florida and all sums payable shall be made to Foster Conant & Associates, 100 West Lucerne Circle, Suite 401, Orlando,
Windsor Island Resort January 9, 2026
Page 2

Florida 32801. Venue of any action to enforce or interpret this agreement shall lie in Orange County, Florida. Owner agrees to pay Foster Conant & Associates its reasonable attorney fees and court costs for services provided to it relating to the enforcement or interpretation of this agreement.
Fee Guarantee - All rates and fees quoted shall be effective for a period of six (6) months, after which time they may be renegotiated with the Owner if proposal not accepted during this time period.
Termination - This Agreement may be terminated by either party with fifteen (15) days written notice. In the event of termination, the Consultant shall be compensated to the date of termination, including direct expenses then due.

We look forward to working with you on this project. Sincerely,

Matthew J. Allen, RLA I ASLA
President

In signing this proposal, it is agreed that the project is fully funded and the fees for design services are committed for timely payment. Our design services are performed during project development, prior to construction activities. Payment for these soft cost fees are not contingent on the Owner securing a construction loan.

This proposal, when signed and returned, is our authority to proceed with plans as outlined heretofore.	r")	?	\._ l.----
Accepted by:		?	?	
Print Name:
Title: Company:
Date:

Section VII

Section C

Section 1

Summary of Check Register

August 1, 2025 to November 30, 2025

Fund	Date	Check No.'s		Amount	

General Fund					
	8/8/25	401-403	$	40,871.40	
	8/15/25	404-408	$	25,088.74	
	8/25/25	409-411	$	1,929.25	
	9/5/25	412-414	$	2,389.94	
	9/19/25	415-416	$	13,059.18	
	10/3/25	417-419	$	31,067.04	
	10/10/25	420-424	$	28,001.48	
	10/14/25	425-427	$	189.07	
	10/27/25	428-432	$	21,507.19	
	10/31/25	433	$	1,961.00	
	11/13/25	434-437	$	15,124.99	
	11/21/25	438	$	900.94	
	11/24/25	439-442	$	3,123.69	
		Total Amount	$	185,213.91	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/08/26	PAGE	1
*** CHECK DATES 08/01/2025 - 11/30/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/08/25 00023	6/30/25 00071964 202506 310-51300-48000	*	289.40
REQ FOR PROPOSALS ANNUAL
GANNETT MEDIA CORP DBA GANNETT	289.40 000401
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/08/25 00017	8/04/25 08042025 202508 300-20700-10200	*	17,254.84
TXFER OF TAX RCPTS-S21
8/04/25 08042025 202508 300-20700-10200	*	7,899.01
TXFER OF TAX RCPTS-S22
8/04/25 08042025 202508 300-20700-10200	*	14,968.50
TXFER OF TAX RCPTS-S20

LANDSCAPE MAINT AUG25

EXCLUSIVE LANDSCAPING GROUP, INC.	8,194.50 000404
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
122	202508 320-53800-34000	*	1,312.50
FIELD MANAGEMENT AUG25
123	202508 310-51300-34000	*	3,750.00
MANAGEMENT FEES AUG25
123	202508 310-51300-35200	*	58.08
WEBSITE ADMIN AUG25
123	202508 310-51300-35100	*	116.00
INFORMATION TECH AUG25
123	202508 310-51300-31300	*	918.75
DISSEM AGENT SVC AUG25
123	202508 310-51300-51000	*	.24
OFFICE SUPPLIES AUG25
123	202508 310-51300-42000	*	28.82
POSTAGE AUG25
123	202508 310-51300-42500	*	44.85
COPIES AUG25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,229.24 000405
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/25 00025	8/01/25 28460	202508 320-53800-46300	*	500.00
FOUNTAIN MAINT AUG25
MCDONNELL CORPORATION DBA RESORT	500.00 000406
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/25 00032	8/08/25 08082025 202508 300-58100-10000	*	8,815.00
FY2025 CAP RES TRANSFER
SANDMINE ROAD CDD/ BANK UNITED	8,815.00 000407
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/08/26	PAGE	2
*** CHECK DATES 08/01/2025 - 11/30/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/15/25 00020	8/04/25 4719	202508 320-53800-46200	*	1,350.00
LANDSCAPE MAINT AUG25
TOOLE'S TRACTOR SERVICES &	1,350.00 000408
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/25/25 00007	8/13/25 44645	202508 320-53800-46201	*	564.25
IRR. INSPECTION REPAIRS
EXCLUSIVE LANDSCAPING GROUP, INC.	564.25 000409
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/25/25 00018	8/18/25 3611391	202506 310-51300-31500	*	165.00
GENERAL COUNSEL JUN25
KUTAK ROCK LLP	165.00 000410
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/25/25 00009	8/18/25 12801	202506 310-51300-31100	*	1,200.00
SITE VISIT/ENGINEERS RPRT
OSCEOLA ENGINEERING INC	1,200.00 000411
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/05/25 00023	7/31/25 00072485 202507 310-51300-48000	*	1,079.94
NOT OF HEARING FOR FY26
GANNETT MEDIA CORP DBA GANNETT	1,079.94 000412
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/05/25 00018	8/29/25 3613444	202507 310-51300-31500	*	810.00
GENERAL COUNSEL JUL25
KUTAK ROCK LLP	810.00 000413
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/05/25 00025	9/01/25 28866	202509 320-53800-46300	*	500.00
FOUNTAIN MAINT SEPT25
MCDONNELL CORPORATION DBA RESORT	500.00 000414
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00007	9/01/25 46655	202509 320-53800-46200	*	6,900.00
LANDSCAPE MAINT SEPT25
EXCLUSIVE LANDSCAPING GROUP, INC.	6,900.00 000415
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00001	9/01/25 126	202509 320-53800-34000	*	1,312.50
FIELD MANAGEMENT SEPT25
9/01/25 127	202509 310-51300-34000	*	3,750.00
MANAGEMENT FEES SEPT25
9/01/25 127	202509 310-51300-35200	*	58.08
WEBSITE ADMIN SEPT25
9/01/25 127	202509 310-51300-35100	*	116.00
INFORMATION TECH SEPT25
9/01/25 127	202509 310-51300-31300	*	918.75
DISSEM AGENT SVCS SEPT25
9/01/25 127	202509 310-51300-51000	*	.15
OFFICE SUPPLIES SEPT25
9/01/25 127	202509 310-51300-42000	*	3.70
POSTAGE SEPT25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,159.18 000416
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/08/26	PAGE	3
*** CHECK DATES 08/01/2025 - 11/30/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE
10/03/25

MONTLHY	INSPECTION RPRS																										
EXCLUSIVE	LANDSCAPING GROUP,	INC.	14,715.25	000417																							
- - - -	- - -	-	- - - -	- - - - -	- - -	- - - - - - - - - - - - - - - - - - - - -	- - -	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -							
10/03/25	00002	9/19/25	29758	202510 320-53800-45000	*	9,628.00																					
FY26 PROPERTY	INSURANCE																										
9/19/25	29758	202510 310-51300-45000	*	6,561.00																								
FY26 INSURANCE POLICY																											
EGIS INSURANCE ADVISORS LLC	16,189.00	000418																									
- - - -	- - -	-	- - - -	- - - -	-	- - -	- - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -			
10/03/25	00021	9/26/25	134	202507 320-53800-43200	*	162.79																					
WATER	&	SEWER	JUL25																								
WINDSOR ISLAND RESORT	162.79	000419																									
- - - -	- - -	-	- - - -	- - - -	-	- - -	- - - - - - - - - - - - - - - - - -	- - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
10/10/25	00004	10/01/25	93482	202510 310-51300-54000	*	175.00																					
SPECIAL DISTRICT FEE FY26
DEPARTMENT OF ECONOMIC OPPORTUNITY	175.00 000420
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/10/25 00007	9/30/25 48424	202509 320-53800-46202	*	10,653.85
TREE/PALM TRIMMING
10/01/25 48675	202510 320-53800-46200	*	6,900.00
LANDSCAPE MAINT OCT25
EXCLUSIVE LANDSCAPING GROUP, INC.	17,553.85 000421
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/10/25 00001	9/15/25 128	202510 310-51300-31700	*	5,732.00
ASSESS ROLL CERT FY26
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,732.00 000422
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/10/25 00025 10/01/25 29225	202510 320-53800-46300	*	500.00
FOUNTAIN MAINT OCT25
MCDONNELL CORPORATION DBA RESORT	500.00 000423
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/10/25 00016	9/25/25 7906891	202510 310-51300-32300	*	4,040.63
TRUSTEE FEES S2020 AA1
U.S. BANK	4,040.63 000424
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/25 00017 10/13/25 10132025 202510 300-20700-10200	*	70.54
TXFER OF TAX RCPTS-S20
SANDMINE ROAD CDD C/O US BANK	70.54 000425
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/25 00017 10/13/25 10132025 202510 300-20700-10200	*	81.31
TXFER OF TAX RCPTS-S21
SANDMINE ROAD CDD C/O US BANK	81.31 000426
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SAND SANDMINE ROAD	IARAUJO
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/08/26	PAGE	4
*** CHECK DATES 08/01/2025 - 11/30/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/14/25 00017 10/13/25 10132025 202510 300-20700-10200	*	37.22
TXFER OF TAX RCPTS-S22
SANDMINE ROAD CDD C/O US BANK	37.22 000427
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00007 10/21/25 49745	202510 320-53800-46201	*	325.25
IRRI RPRS FROM INSPECTION
EXCLUSIVE LANDSCAPING GROUP, INC.	325.25 000428
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00023	9/30/25 00073509 202509 310-51300-48000	*	91.01
NOT OF MTG DATES FY26
GANNETT MEDIA CORP DBA GANNETT	91.01 000429
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00001 10/01/25 129	202510 310-51300-34000	*	3,862.50
MANAGEMENT FEES OCT25
10/01/25 129	202510 310-51300-35200	*	59.83
WEBSITE ADMIN OCT25
10/01/25 129	202510 310-51300-35100	*	119.50
INFORMATION TECH OCT25
10/01/25 129	202510 310-51300-31300	*	946.33
DISSEM AGENT SVCS OCT25
10/01/25 129	202510 310-51300-51000	*	.24
OFFICE SUPPLIES OCT25
10/01/25 129	202510 310-51300-42000	*	39.15
POSTAGE OCT25
10/01/25 130	202510 320-53800-34000	*	1,378.17
FIELD MANAGEMENT OCT25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,405.72 000430
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00018 10/10/25 3639695	202508 310-51300-31500	*	240.00
GENERAL COUNSEL AUG25
KUTAK ROCK LLP	240.00 000431
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/27/25 00015 10/13/25 4652319	202510 300-15500-10000	*	10,483.13
1% ADMIN FEE- DEBT
10/13/25 4652320	202510 300-15500-10000	*	3,962.08
1% ADMIN FEE- MAINT
POLK COUNTY PROPERTY APPRAISER	14,445.21 000432
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/25 00018 10/29/25 3643166	202509 310-51300-31500	*	1,961.00
GENERAL COUNSEL SEPT25
KUTAK ROCK LLP	1,961.00 000433
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00007 11/01/25 50797	202511 320-53800-46200	*	6,900.00
LANDSCAPE MAINT NOV25
EXCLUSIVE LANDSCAPING GROUP, INC.	6,900.00 000434
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SAND SANDMINE ROAD	IARAUJO
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/08/26	PAGE	5
*** CHECK DATES 08/01/2025 - 11/30/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
131	202511 320-53800-34000	*	1,378.17
FIELD MANAGEMENT NOV25
132	202511 310-51300-34000	*	3,862.50
MANAGEMENT FEES NOV25
132	202511 310-51300-35200	*	59.83
WEBSITE ADMIN NOV25
132	202511 310-51300-35100	*	119.50
INFORMATION TECH NOV25
132	202511 310-51300-31300	*	946.33
DISSEM AGENT SVC NOV25
132	202511 310-51300-51000	*	.36
OFFICE SUPPLIES NOV25
132	202511 310-51300-42000	*	8.30
POSTAGE NOV25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,374.99 000435
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00025 11/01/25 CM-26778 202511 320-53800-46300	*	500.00
FOUNTAIN MAINT NOV25
MCDONNELL CORPORATION DBA RESORT	500.00 000436
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00020 11/07/25 5312	202511 320-53800-47101	*	1,350.00
POND DISCING NOV25
TOOLE'S TRACTOR SERVICES &	1,350.00 000437
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/21/25 00021 10/26/25 135	202508 320-53800-43200	*	558.60
WATER & SEWER AUG25
11/16/25 136	202509 320-53800-43200	*	342.34
WATRER & SEWER SEPT25
WINDSOR ISLAND RESORT	900.94 000438
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/24/25 00007 11/18/25 51822	202511 320-53800-46201	*	485.75
MONTHLY INSPECTION RPRS
EXCLUSIVE LANDSCAPING GROUP, INC.	485.75 000439
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/24/25 00017 11/17/25 11172025 202511 300-20700-10200	*	984.14
TXFER OF TAX RCPTS S20
SANDMINE ROAD CDD C/O US BANK	984.14 000440
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/24/25 00017 11/17/25 11172025 202511 300-20700-10200	*	1,134.46
TXFER OF TAX RCPTS S21
SANDMINE ROAD CDD C/O US BANK	1,134.46 000441
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/24/25 00017 11/17/25 11172025 202511 300-20700-10200	*	519.34
TXFER OF TAX RCPTS S22
SANDMINE ROAD CDD C/O US BANK	519.34 000442
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	185,213.91 SAND SANDMINE ROAD	IARAUJO

Section 2

Sandmine Road
Community Development District

Unaudited Financial Reporting
November 30, 2025
Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Capital Reserve	

5	
	Debt Service Fund Series 2020	

6	
	Debt Service Fund Series 2021	

7	
	Debt Service Fund Series 2022	

8	
	Capital Projects Fund Series 2020	

9	
	Capital Projects Fund Series 2021	

10	
	Capital Projects Fund Series 2022	

11	
	Month to Month	

12	
	Long Term Debt Report	

13	
	Assessment Receipt Schedule	
Sandmine Road
Community Development District Combined Balance Sheet November 30, 2025

	General		Debt Service		Capital Reserve		Capital Projects		Totals		
	Fund		Fund		Fund		Fund	Governmental Funds			
Assets:
Operating Account	

$	

177,771	

$	

-	

$	

-	

$	

-	

$	

177,771	
State Board of Administration	$	397,003	$	-	$	-	$	-	$	397,003	
Bank United Capital Reserve	$	-	$	-	$	35,136	$	-	$	35,136	
Due from General Fund	$	-	$	102,992	$	-	$	-	$	102,992	
Prepaid Expenses Investments:
Series 2020
Reserve	$

$	14,445

-	$

$	-

181,829	$

$	-

-	$

$	-

-	$

$	14,445

181,829	
Revenue	$	-	$	51,637	$	-	$	-	$	51,637	
Construction	$	-	$	-	$	-	$	25,989	$	25,989	
Series 2021
Reserve	
$	
-	
$	
41,928	
$	
-	
$	
-	
$	
41,928	
Revenue	$	-	$	54,462	$	-	$	-	$	54,462	
Construction	$	-	$	-	$	-	$	190,762	$	190,762	
Series 2022
Reserve	
$	
-	
$	
19,194	
$	
-	
$	
-	
$	
19,194	
Revenue	$	-	$	23,303	$	-	$	-	$	23,303	
Construction	$	-	$	-	$	-	$	1,411	$	1,411	
Total Assets	$	589,219	$	475,345	$	35,136	$	218,162	$	1,317,862	
Liabilities:
Accounts Payable	

$	

9,086	

$	

-	

$	

-	

$	

-	

$	

9,086	
Due to Debt Service	$	102,992	$	-	$	-	$	-	$	102,992	
Total Liabilites	$	112,079	$	-	$	-	$	-	$	112,079	
Fund Balance:
Nonspendable: Prepaid Items	

$	

14,445	

$	

-	

$	

-	

$	

-	

$	

14,445	
Restricted for:
Debt Service - Series 2020	
$	
-	
$	
271,890	
$	
-	
$	
-	
$	
271,890	
Debt Service - Series 2021	$	-	$	140,682	$	-	$	-	$	140,682	
Debt Service - Series 2022	$	-	$	62,773	$	-	$	-	$	62,773	
Capital Projects - Series 2020	$	-	$	-	$	-	$	25,989	$	25,989	
Capital Projects - Series 2021	$	-	$	-	$	-	$	190,762	$	190,762	
Capital Projects - Series 2022	$	-	$	-			$	1,411	$	1,411	
Assigned for:
Capital Reserves	
$	
-	
$	
-	
$	
35,136	
$	
-	
$	
35,136	
Unassigned	$	462,695	$	-	$	-	$	-	$	462,695	
Total Fund Balances	$	477,140	$	475,345	$	35,136	$	218,162	$	1,205,784	
											
Total Liabilities & Fund Balance	$	589,219	$	475,345	$	35,136	$	218,162	$	1,317,862	

Revenues:

Assessments - Tax Roll	$	368,473	$	37,929	$	37,929	$	-	
Interest	$	-	$	-	$	1,440	$	1,440	
Total Revenues	$	368,473	$	37,929	$	39,369	$	1,440	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	2,000	$	-	$	2,000	
FICA Expense	$	918	$	153	$	-	$	153	
Engineering	$	12,000	$	2,000	$	-	$	2,000	
Attorney	$	25,000	$	4,167	$	197	$	3,970	
Annual Audit	$	7,100	$	-	$	-	$	-	
Arbitrage Fees	$	1,350	$	-	$	-	$	-	
Dissemination Fees	$	11,356	$	1,893	$	1,893	$	(0)	
Assessment Administration	$	5,732	$	5,732	$	5,732	$	-	
Trustee Fees	$	13,303	$	12,930	$	12,930	$	-	
Management Fees	$	46,350	$	7,725	$	7,725	$	-	
Information Technology	$	1,434	$	239	$	239	$	(0)	
Website Maintenance	$	718	$	120	$	120	$	(0)	
Telephone	$	200	$	33	$	-	$	33	
Postage	$	1,000	$	167	$	47	$	119	
Printing & Binding	$	100	$	17	$	-	$	17	
Office Supplies	$	100	$	17	$	1	$	16	
Insurance	$	7,119	$	7,119	$	6,561	$	557	
Legal Advertising	$	5,000	$	833	$	-	$	833	
Other Current Charges	$	1,000	$	167	$	-	$	167	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	151,954	$	45,485	$	35,619	$	9,865	

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	8,479	
$	8,479	
$	9,628	
$	(1,149)	
Field Management	$	16,538	$	2,756	$	2,756	$	(0)	
Landscape Maintenance	$	86,940	$	14,490	$	13,800	$	690	
Landscape Replacement	$	30,000	$	5,000	$	-	$	5,000	
Electric	$	8,100	$	1,350	$	-	$	1,350	
Fountain Maintenance	$	9,500	$	1,583	$	1,000	$	583	
Pond Discing	$	8,500	$	1,417	$	1,350	$	67	
Irrigation Repairs	$	5,500	$	917	$	811	$	106	
General Repairs & Maintenance	$	15,000	$	2,500	$	-	$	2,500	
Wall Maintenance	$	10,000	$	1,667	$	-	$	1,667	
Contingency	$	7,500	$	1,250	$	-	$	1,250	
Total Operations & Maintenance	$	206,057	$	41,409	$	29,345	$	12,063	
Other Expenditures:					
Capital Reserves - Transfer	$	10,462	$	-	$	-	$	-		
Total Other Expenditures	$	10,462	$	-	$	-	$	-		

Total Expenditures	$	368,473	$	86,893	$	64,965	$	21,929	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(25,596)		
					
Fund Balance - Beginning	$	-		$	502,736		
					
Fund Balance - Ending	$	-		$	477,140		

Revenues:

Interest Income	

$	-	

$	

-	$	214	

$	214	
Total Revenues	$	-	$	-	$	214	$	214	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	214	$	214	

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	10,462	

$	

-	$	-	

$	-	
Total Other Financing Sources/(Uses)	$	10,462	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	10,462		$	214		
					
Fund Balance - Beginning	$	34,890		$	34,922		
					
Fund Balance - Ending	$	45,353		$	35,136		

Revenues:

Assessments - Tax Roll	$	363,719	$	37,439	$	37,439	$	-	
Interest	$	5,000	$	833	$	2,067	$	1,234	
Total Revenues	$	368,719	$	38,273	$	39,507	$	1,234	

Expenditures:									
Interest - 11/1	$	106,825	$	106,825	$	106,825	$	-	
Principal - 5/1	$	150,000	$	-	$	-	$	-	
Interest - 5/1	$	106,825	$	-	$	-	$	-	
Total Expenditures	$	363,650	$	106,825	$	106,825	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	5,069	$	(68,552)	$	(67,318)	$	1,234	

Other Financing Sources/(Uses):									
Transfer In/(Out)	$	-	$	-	$	(1,137)	$	(1,137)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(1,137)	$	(1,137)	
									
Net Change in Fund Balance	$	5,069			$	(68,456)			
									
Fund Balance - Beginning	$	156,935			$	340,346			
									
Fund Balance - Ending	$	162,004			$	271,890			

Revenues:

Assessments - On Roll	$	419,274	$	43,158	$	43,158	$	-	
Interest	$	9,000	$	1,500	$	2,370	$	870	
Total Revenues	$	428,274	$	44,658	$	45,528	$	870	

Expenditures:									
Interest - 11/1	$	124,483	$	124,483	$	124,483	$	-	
Principal - 11/1	$	170,000	$	170,000	$	170,000	$	-	
Interest - 5/1	$	122,528	$	-	$	-	$	-	
Total Expenditures	$	417,010	$	294,483	$	294,483	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	11,264	$	(249,825)	$	(248,955)	$	870	

Other Financing Sources/(Uses):									
Transfer In/(Out)	$	-	$	-	$	(255)	$	(255)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(255)	$	(255)	
									
Net Change in Fund Balance	$	11,264			$	(249,210)			
									
Fund Balance - Beginning	$	374,062			$	389,892			
									
Fund Balance - Ending	$	385,327			$	140,682			

Revenues:

Assessments - Direct	$	191,938	$	19,757	$	19,757	$	-	
Interest	$	1,500	$	250	$	953	$	703	
Total Revenues	$	193,438	$	20,007	$	20,710	$	703	

Expenditures:									
Interest - 11/1	$	75,663	$	74,663	$	74,663	$	-	
Principal - 11/1	$	40,000	$	40,000	$	40,000	$	-	
Interest - 5/1	$	74,663	$	-	$	-	$	-	
Total Expenditures	$	190,325	$	114,663	$	114,663	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	3,113	$	(94,655)	$	(93,953)	$	703	

Other Financing Sources/(Uses):									
Transfer In/(Out)	$	-	$	-	$	(117)	$	(117)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(117)	$	(117)	
									
Net Change in Fund Balance	$	3,113			$	(94,069)			
									
Fund Balance - Beginning	$	135,258			$	156,842			
									
Fund Balance - Ending	$	138,370			$	62,773			

Revenues					
Interest	$	-	$	-	$	152	$	152	
Total Revenues	$	-	$	-	$	152	$	152	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	152	$	1,260	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	1,107	$	1,107	
Total Other Financing Sources (Uses)	$	-	$	-	$	1,107	$	1,107	
					
Net Change in Fund Balance	$	-	$	1,260		
					
Fund Balance - Beginning	$	-	$	24,729		
					
Fund Balance - Ending	$	-	$	25,989		

Revenues

Interest	

$	

-	$	

-	$	1,155	

$	1,155	
Total Revenues	$	-	$	-	$	1,155	$	1,155	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	1,155	$	1,410	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	255	

$	255	
Total Other Financing Sources (Uses)	$	-	$	-	$	255	$	255	
					
Net Change in Fund Balance	$	-	$	1,410		
					
Fund Balance - Beginning	$	-	$	189,352		
					
Fund Balance - Ending	$	-	$	190,762		

Revenues

Interest	

$	

-	$	

-	$	8	

$	8	
Total Revenues	$	-	$	-	$	8	$	8	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	8	$	125	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	117	

$	117	
Total Other Financing Sources (Uses)	$	-	$	-	$	117	$	117	
					
Net Change in Fund Balance	$	-	$	125		
					
Fund Balance - Beginning	$	-	$	1,286		
					
Fund Balance - Ending	$	-	$	1,411		
Sandmine Road
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:

Assessments - Tax Roll	$	-	$	37,929  $	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	37,929	
Interest	$	1,440  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,440	
Total Revenues	$	1,440  $	37,929  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	39,369	

Expenditures:				
General & Administrative:				
Supervisor Fees	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	-	$	197	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	197	
Annual Audit	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Arbitrage Fees	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination Fees	$	946	$	946	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,893	
Assessment Administration	$	5,732	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,732	
Trustee Fees	$	4,041	$	8,889	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	12,930	
Management Fees	$	3,863	$	3,863	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,725	
Information Technology	$	120	$	120	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	239	
Website Maintenance	$	60	$	60	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	120	
Telephone	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	39	$	8	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	47	
Printing & Binding	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Office Supplies	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1	
Insurance	$	6,561	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,561	
Legal Advertising	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Other Current Charges	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	21,536	$	14,083	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	35,619	

Operations & Maintenance				
Field Expenditures
Property Insurance	

$	9,628	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	9,628	
Field Management	$	1,378	$	1,378	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,756	
Landscape Maintenance	$	6,900	$	6,900	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,800	
Landscape Replacement	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Electric	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Fountain Maintenance	$	500	$	500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,000	
Pond Discing	$	-	$	1,350	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,350	
Irrigation Repairs	$	325	$	486	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	811	
General Repairs & Maintenance	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Wall Maintenance	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Operations & Maintenance	$	18,731	$	10,614	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	29,345	

Other Expenditures:				

Capital Reserves - Transfer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Other Expenditures	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-													

Total Expenditures	$	40,268	$	24,697	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	64,965	
				
Excess (Deficiency) of Revenues over Expenditures	$	(38,827)	$	13,232	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(25,596)	
Sandmine Road
Community Development District Long Term Debt Report

Series 2020, Special Assessment Bonds

Interest Rates:	2.625%, 3.125%, 3.625%, 3.750%
Maturity Date:	5/1/2050
Reserve Fund Definition	50% of Maximum Annual Debt Service Reserve Fund Requirement		$181,859
Reserve Fund Balance	$181,829

Bonds Outstanding - 8/31/20	$6,590,000
Principal Payment - 5/1/21	($130,000)
Principal Payment - 5/1/22	($135,000)
Principal Payment - 5/1/23	($140,000)
Principal Payment - 5/1/24	($140,000)
Principal Payment - 5/1/25	($145,000)	
Current Bonds Outstanding	$5,900,000	

Series 2021, Special Assessment Bonds

Interest Rates:	2.300%, 3.000%, 3.300%, 4.000%
Maturity Date:	11/1/1951
Reserve Fund Definition	10% of Maximum Annual Debt Service Reserve Fund Requirement		$41,928
Reserve Fund Balance	$41,928

Bonds Outstanding - 10/27/21	$7,495,000
Principal Payment - 5/1/23	($155,000)
Principal Payment - 11/1/23	($160,000)
Principal Payment - 11/1/24	($165,000)
Principal Payment - 11/1/25	($170,000)	
Current Bonds Outstanding	$6,845,000	

Series 2022, Special Assessment Bonds

Interest Rates:	5.000%, 5.750%, 6.600%
Maturity Date:	11/1/2052
Reserve Fund Definition	10% of Maximum Annual Debt Service Reserve Fund Requirement		$19,194
Reserve Fund Balance	$19,194

Bonds Outstanding - 10/26/22	$2,640,000
Principal Payment - 11/1/23	($35,000)
Principal Payment - 11/1/24	($40,000)
Principal Payment - 11/1/25	($40,000)	
Current Bonds Outstanding	$2,525,000	
Sandmine Road CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2026

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Property Appraiser	
Net Receipts	
General Fund	2020 Debt Service	2021 Debt Service	2022 Debt Service	
Total	

11/10/25	
10/20/25-10/21/25	
$5,523.65	
($290.02)	
($104.67)	
$0.00	
$0.00	
$5,128.96	
$1,406.79	
$1,388.64	
$1,600.74	
$732.79	
$5,128.96	
11/14/25	10/01/25-10/31/25	$8,545.57	($3,940.81)	($164.07)	$0.00	$0.00	$4,440.69	$1,218.01	$1,202.29	$1,385.93	$634.46	$4,440.69	
11/21/25	11/01/25-11/07/25	$70,209.64	($2,753.55)	($1,349.12)	$0.00	$0.00	$66,106.97	$18,132.06	$17,898.07	$20,631.88	$9,444.96	$66,106.97	
11/26/25	11/08/25-11/15/25	$66,546.37	($2,662.05)	($1,277.69)	$0.00	$0.00	$62,606.63	$17,171.98	$16,950.37	$19,539.42	$8,944.86	$62,606.63	
	TOTAL	$ 150,825.23	$	(9,646.43)	$	(2,895.55)	$	-	$	-	$  138,283.25	$	37,928.84	$	37,439.37	$	43,157.97	$	19,757.07	$	138,283.25	

Section 3
REBATE REPORT
$6,590,000
Sandmine Road Community Development District
(Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)

Dated: August 31, 2020
Delivered: August 31, 2020

Rebate Report to the Computation Date August 31, 2028
Reflecting Activity To October 31, 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 – Acquisition and Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	15	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	16	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	17	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	19	

December 1, 2025

Sandmine Road 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:	$6,590,000 Sandmine Road Community Development District (Polk County, Florida), Special
Assessment Bonds, Series 2020 (Assessment Area One)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Sandmine Road 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 August 31, 2026. Thank you very much for this engagement 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 August 31, 2028 Computation Date
Reflecting Activity from August 31, 2020 through October 31, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	0.086880%	1,771.74	(95,160.72)	
Cost of Issuance Fund	0.007062%	0.02	(8.76)	
Capitalized Interest Fund	0.006210%	0.42	(323.35)	
Debt Service Reserve Fund	2.540385%	24,358.24	(13,218.23)	
Totals	0.860036%	$26,130.42	$(108,711.06)	
Bond Yield	3.680576%			
Rebate Computation Credits	(11,687.68)			
Net Rebatable Arbitrage	$(120,398.74)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from August 31, 2020, the date of the closing, to October 31, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of August 31, 2028.

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.

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.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between August 31, 2020 and October 31, 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

Computation Date
August 31, 2028.

Computation Period
The period beginning on August 31, 2020, the date of the closing, and ending on October 31, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.
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.

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.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

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.

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	
Revenue	272646000	
Interest	272646001	
Sinking	272646002	
Debt Service Reserve	272646003	
Prepayment	272646004	
Acquisition and Construction	272646005	
Costs of Issuance	272646006	
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 October 31, 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 August 31, 2028. 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 August 31, 2028, is the Rebatable Arbitrage.
$6,590,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)
Delivered: August 31, 2020

Par Amount	$6,590,000.00	
Net Original Issue Discount	-26,878.00	
Total	$6,563,122.00	

Acquisition and Construction Fund	$6,004,566.75	
Cost of Issuance Fund	205,625.00	
Capitalized Interest Fund	39,270.87	
Debt Service Reserve Fund	181,859.38	
Underwriter’s Discount	131,800.00	
Total	$6,563,122.00	

PROOF OF ARBITRAGE YIELD
$6,590,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)

Date	

Debt Service	Present Value to 08/31/2020
@ 3.6805758302%	
11/01/2020	39,270.87	39,028.93	
05/01/2021	245,881.25	239,950.65	
11/01/2021	114,175.00	109,407.71	
05/01/2022	249,175.00	234,456.21	
11/01/2022	112,403.13	103,852.29	
05/01/2023	252,403.13	228,988.03	
11/01/2023	110,565.63	98,495.99	
05/01/2024	250,565.63	219,179.69	
11/01/2024	108,728.13	93,390.16	
05/01/2025	253,728.13	213,997.24	
11/01/2025	106,825.00	88,469.35	
05/01/2026	256,825.00	208,851.51	
11/01/2026	104,481.25	83,429.39	
05/01/2027	259,481.25	203,454.39	
11/01/2027	102,059.38	78,576.81	
05/01/2028	262,059.38	198,116.92	
11/01/2028	99,559.38	73,906.80	
05/01/2029	264,559.38	192,843.84	
11/01/2029	96,981.25	69,414.59	
05/01/2030	266,981.25	187,639.45	
11/01/2030	94,325.00	65,095.44	
05/01/2031	269,325.00	182,507.54	
11/01/2031	91,153.13	60,653.53	
05/01/2032	271,153.13	177,165.65	
11/01/2032	87,890.63	56,388.15	
05/01/2033	277,890.63	175,065.10	
11/01/2033	84,446.88	52,238.37	
05/01/2034	279,446.88	169,740.59	
11/01/2034	80,912.50	48,259.46	
05/01/2035	285,912.50	167,448.14	
11/01/2035	77,196.88	44,394.31	
05/01/2036	287,196.88	162,176.41	
11/01/2036	73,390.63	40,693.87	
05/01/2037	293,390.63	159,740.47	
11/01/2037	69,403.13	37,104.63	
05/01/2038	294,403.13	154,551.03	
11/01/2038	65,325.00	33,673.58	
05/01/2039	300,325.00	152,013.35	
11/01/2039	61,065.63	30,350.61	
05/01/2040	306,065.63	149,370.75	
11/01/2040	56,625.00	27,135.61	
05/01/2041	311,625.00	146,637.17	
11/01/2041	51,843.75	23,954.58	
05/01/2042	316,843.75	143,753.25	
11/01/2042	46,875.00	20,883.06	
05/01/2043	321,875.00	140,805.80	
11/01/2043	41,718.75	17,920.29	
05/01/2044	326,718.75	137,806.00	
11/01/2044	36,375.00	15,065.29	
05/01/2045	331,375.00	134,764.21	
11/01/2045	30,843.75	12,316.93	
05/01/2046	335,843.75	131,690.02	
11/01/2046	25,125.00	9,673.91	
05/01/2047	340,125.00	128,592.28	
11/01/2047	19,218.75	7,134.80	
05/01/2048	349,218.75	127,301.84	

PROOF OF ARBITRAGE YIELD
$6,590,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)

Date	

Debt Service	Present Value to 08/31/2020
@ 3.6805758302%	
11/01/2048	13,031.25	4,664.48	
05/01/2049	353,031.25	124,082.64	
11/01/2049	6,656.25	2,297.25	
05/01/2050	361,656.25	122,561.65	
	10,883,552.24	6,563,122.00	
	
Proceeds Summary		

Delivery date	08/31/2020	
Par Value	6,590,000.00	
Premium (Discount)	-26,878.00	
Target for yield calculation	6,563,122.00	

BOND DEBT SERVICE
$6,590,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
08/31/2020						
11/01/2020			39,270.87	39,270.87		
05/01/2021	130,000	2.625%	115,881.25	245,881.25	285,152.12	
11/01/2021			114,175.00	114,175.00		
05/01/2022	135,000	2.625%	114,175.00	249,175.00	363,350.00	
11/01/2022			112,403.13	112,403.13		
05/01/2023	140,000	2.625%	112,403.13	252,403.13	364,806.26	
11/01/2023			110,565.63	110,565.63		
05/01/2024	140,000	2.625%	110,565.63	250,565.63	361,131.26	
11/01/2024			108,728.13	108,728.13		
05/01/2025	145,000	2.625%	108,728.13	253,728.13	362,456.26	
11/01/2025			106,825.00	106,825.00		
05/01/2026	150,000	3.125%	106,825.00	256,825.00	363,650.00	
11/01/2026			104,481.25	104,481.25		
05/01/2027	155,000	3.125%	104,481.25	259,481.25	363,962.50	
11/01/2027			102,059.38	102,059.38		
05/01/2028	160,000	3.125%	102,059.38	262,059.38	364,118.76	
11/01/2028			99,559.38	99,559.38		
05/01/2029	165,000	3.125%	99,559.38	264,559.38	364,118.76	
11/01/2029			96,981.25	96,981.25		
05/01/2030	170,000	3.125%	96,981.25	266,981.25	363,962.50	
11/01/2030			94,325.00	94,325.00		
05/01/2031	175,000	3.625%	94,325.00	269,325.00	363,650.00	
11/01/2031			91,153.13	91,153.13		
05/01/2032	180,000	3.625%	91,153.13	271,153.13	362,306.26	
11/01/2032			87,890.63	87,890.63		
05/01/2033	190,000	3.625%	87,890.63	277,890.63	365,781.26	
11/01/2033			84,446.88	84,446.88		
05/01/2034	195,000	3.625%	84,446.88	279,446.88	363,893.76	
11/01/2034			80,912.50	80,912.50		
05/01/2035	205,000	3.625%	80,912.50	285,912.50	366,825.00	
11/01/2035			77,196.88	77,196.88		
05/01/2036	210,000	3.625%	77,196.88	287,196.88	364,393.76	
11/01/2036			73,390.63	73,390.63		
05/01/2037	220,000	3.625%	73,390.63	293,390.63	366,781.26	
11/01/2037			69,403.13	69,403.13		
05/01/2038	225,000	3.625%	69,403.13	294,403.13	363,806.26	
11/01/2038			65,325.00	65,325.00		
05/01/2039	235,000	3.625%	65,325.00	300,325.00	365,650.00	
11/01/2039			61,065.63	61,065.63		
05/01/2040	245,000	3.625%	61,065.63	306,065.63	367,131.26	
11/01/2040			56,625.00	56,625.00		
05/01/2041	255,000	3.750%	56,625.00	311,625.00	368,250.00	
11/01/2041			51,843.75	51,843.75		
05/01/2042	265,000	3.750%	51,843.75	316,843.75	368,687.50	
11/01/2042			46,875.00	46,875.00		
05/01/2043	275,000	3.750%	46,875.00	321,875.00	368,750.00	
11/01/2043			41,718.75	41,718.75		
05/01/2044	285,000	3.750%	41,718.75	326,718.75	368,437.50	
11/01/2044			36,375.00	36,375.00		
05/01/2045	295,000	3.750%	36,375.00	331,375.00	367,750.00	
11/01/2045			30,843.75	30,843.75		
05/01/2046	305,000	3.750%	30,843.75	335,843.75	366,687.50	
11/01/2046			25,125.00	25,125.00		
05/01/2047	315,000	3.750%	25,125.00	340,125.00	365,250.00	
11/01/2047			19,218.75	19,218.75		
05/01/2048	330,000	3.750%	19,218.75	349,218.75	368,437.50	

BOND DEBT SERVICE
$6,590,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2020 (Assessment Area One)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2048			13,031.25	13,031.25		
05/01/2049	340,000	3.750%	13,031.25	353,031.25	366,062.50	
11/01/2049			6,656.25	6,656.25		
05/01/2050	355,000	3.750%	6,656.25	361,656.25	368,312.50	
	6,590,000		4,293,552.24	10,883,552.24	10,883,552.24	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)

08/31/20	Beg	Bal	-6,004,566.75	-8,038,880.49	
08/31/20			3,352,115.98	4,487,794.19	
09/02/20			-0.03	-0.04	
10/01/20			2,035.90	2,717.38	
10/02/20			-0.89	-1.19	
10/16/20			2,993.57	3,989.55	
10/26/20			-24.40	-32.49	
11/03/20			-0.93	-1.24	
12/02/20			-0.89	-1.18	
12/21/20			615,505.95	814,903.88	
01/05/21			-0.92	-1.22	
02/02/21			-0.92	-1.21	
02/22/21			6,313.96	8,307.92	
03/02/21			-0.84	-1.10	
03/23/21			-0.21	-0.28	
04/02/21			-0.92	-1.21	
05/04/21			-0.89	-1.16	
06/02/21			-0.92	-1.20	
07/02/21			-0.89	-1.16	
07/20/21			2,021,834.25	2,620,741.11	
08/03/21			-0.92	-1.19	
08/24/21			155.15	200.42	
08/24/21			903.20	1,166.72	
08/24/21			320.00	413.36	
08/24/21			2,537.50	3,277.85	
09/02/21			-0.94	-1.21	
11/02/21			-0.92	-1.18	
12/02/21			-0.89	-1.14	
12/30/21			-0.64	-0.82	
01/04/22			-0.92	-1.17	
02/02/22			-0.92	-1.17	
03/02/22			-0.85	-1.08	
04/04/22			-0.92	-1.16	
05/03/22			-0.89	-1.12	
06/02/22			-24.60	-30.89	
07/05/22			-76.69	-95.99	
08/02/22			-147.23	-183.78	
09/01/22			-238.30	-296.59	
10/04/22			-274.26	-340.21	
11/02/22			-372.00	-460.14	
12/02/22			-464.16	-572.40	
12/02/22			-0.22	-0.27	
01/03/23			-530.83	-652.56	
02/02/23			-564.90	-692.41	
03/02/23			-541.82	-662.10	
04/04/23			-618.13	-752.91	
05/05/23			-632.97	-768.57	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)	
06/02/23		-689.77	-835.25	
07/05/23		-676.96	-817.00	
08/02/23		-709.28	-853.67	
09/05/23		-737.87	-885.12	
10/03/23		-715.73	-856.13	
11/01/23		-742.27	-885.36	
12/04/23		-720.94	-857.04	
01/03/24		-744.60	-882.57	
02/02/24		-741.44	-876.25	
03/04/24		-689.01	-811.65	
04/02/24		-736.57	-865.22	
05/02/24		-711.88	-833.68	
06/04/24		-736.44	-859.65	
07/02/24		-713.07	-830.01	
08/02/24		-736.37	-854.53	
09/04/24		-734.66	-849.79	
10/02/24		-686.34	-791.65	
11/04/24		-668.77	-768.89	
12/03/24		-621.29	-712.20	
12/20/24		-0.82	-0.94	
01/03/25		-621.56	-710.35	
02/04/25		-596.45	-679.52	
03/04/25		-535.20	-607.89	
04/02/25		-588.12	-666.10	
05/02/25		-568.06	-641.43	
06/03/25		-581.82	-654.90	
07/02/25		-561.97	-630.71	
08/04/25		-581.36	-650.36	
09/03/25		-581.27	-648.35	
10/02/25		-552.44	-614.38	
10/31/25	Bal	25,356.45	28,116.83	
10/31/25	Acc	77.48	85.91	
08/31/28	TOTALS:	1,771.74	-95,160.72	

ISSUE DATE:	08/31/20	REBATABLE ARBITRAGE:	-95,160.72	
COMP DATE:	08/31/28	NET INCOME:	1,771.74	
BOND YIELD: 3.680576%	TAX INV YIELD:	0.086880%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)

08/31/20	Beg	Bal	-205,625.00	-275,289.60	
08/31/20			50,000.00	66,939.72	
08/31/20			30,000.00	40,163.83	
08/31/20			42,500.00	56,898.76	
08/31/20			6,000.00	8,032.77	
08/31/20			40,000.00	53,551.78	
09/02/20			30,150.00	40,360.56	
09/04/20			5,725.00	7,662.27	
09/15/20			1,250.00	1,671.12	
05/04/21			0.02	0.03	
08/31/28	TOTALS:	0.02	-8.76		

ISSUE DATE:	
08/31/20	
REBATABLE ARBITRAGE:	
-8.76		
COMP DATE:	08/31/28	NET INCOME:	0.02		
BOND YIELD:	3.680576%	TAX INV YIELD:	0.007062%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)

08/31/20	Beg	Bal	-39,270.87	-52,575.62	
09/02/20			0.01	0.01	
10/02/20			0.19	0.25	
11/02/20			39,270.86	52,251.70	
11/03/20			0.20	0.27	
12/02/20			0.01	0.01	
08/31/21			0.02	0.03	
08/31/28	TOTALS:	0.42	-323.35		

ISSUE DATE:	
08/31/20	
REBATABLE ARBITRAGE:	
-323.35		
COMP DATE:	08/31/28	NET INCOME:	0.42		
BOND YIELD:	3.680576%	TAX INV YIELD:	0.006210%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)

08/31/20	Beg	Bal	-181,859.38	-243,472.32	
09/02/20			0.03	0.04	
10/02/20			0.89	1.19	
11/03/20			0.93	1.24	
12/02/20			0.89	1.18	
01/05/21			0.92	1.22	
02/02/21			0.92	1.21	
03/02/21			0.84	1.10	
03/23/21			0.21	0.28	
04/02/21			0.92	1.21	
05/04/21			0.89	1.16	
06/02/21			0.92	1.20	
07/02/21			0.89	1.16	
08/03/21			0.92	1.19	
09/02/21			0.94	1.21	
10/04/21			0.89	1.15	
11/02/21			0.92	1.18	
12/02/21			0.89	1.14	
12/30/21			0.64	0.82	
01/04/22			0.92	1.17	
02/02/22			0.92	1.17	
03/02/22			0.85	1.08	
04/04/22			0.92	1.16	
05/03/22			0.89	1.12	
06/02/22			24.60	30.89	
07/05/22			76.69	95.99	
08/02/22			147.23	183.78	
09/01/22			238.30	296.59	
10/04/22			274.26	340.21	
11/02/22			372.00	460.14	
12/02/22			464.16	572.40	
12/02/22			0.22	0.27	
01/03/23			530.83	652.56	
02/02/23			564.90	692.41	
03/02/23			541.82	662.10	
04/04/23			618.13	752.91	
05/05/23			632.97	768.57	
06/02/23			689.77	835.25	
07/05/23			676.96	817.00	
08/02/23			709.28	853.67	
09/05/23			737.87	885.12	
10/03/23			715.73	856.13	
11/01/23			742.27	885.36	
12/04/23			720.94	857.04	
01/03/24			744.60	882.57	
02/02/24			741.44	876.25	
03/04/24			689.01	811.65	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)	
04/02/24		736.57	865.22	
05/02/24		711.88	833.68	
06/04/24		736.44	859.65	
07/02/24		713.07	830.01	
08/02/24		736.37	854.53	
09/04/24		734.66	849.79	
10/02/24		686.34	791.65	
11/04/24		668.77	768.89	
12/03/24		621.29	712.20	
12/20/24		0.82	0.94	
01/03/25		621.56	710.35	
02/04/25		596.45	679.52	
03/04/25		535.20	607.89	
04/02/25		588.12	666.10	
05/02/25		568.06	641.43	
06/03/25		581.82	654.90	
07/02/25		561.97	630.71	
08/04/25		581.36	650.36	
09/03/25		581.27	648.35	
10/02/25		552.44	614.38	
10/31/25	Bal	181,859.38	201,657.11	
10/31/25	Acc	570.85	632.99	
08/31/28	TOTALS:	24,358.24	-13,218.23	

ISSUE DATE:	08/31/20	REBATABLE ARBITRAGE:	-13,218.23	
COMP DATE:	08/31/28	NET INCOME:	24,358.24	
BOND YIELD: 3.680576%	TAX INV YIELD:	2.540385%	

		ARBITRAGE REBATE CALCULATION DETAIL REPORT		
		
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.680576%)	
08/31/21		-1,780.00	-2,297.71	
08/31/22		-1,830.00	-2,277.65	
08/31/23		-1,960.00	-2,352.08	
08/31/24		-2,070.00	-2,395.12	
08/31/25		-2,120.00	-2,365.12	
08/31/28	TOTALS:	-9,760.00	-11,687.68	

ISSUE DATE:	08/31/20	REBATABLE ARBITRAGE: -11,687.68 COMP DATE:	08/31/28
BOND YIELD: 3.680576%

REBATE REPORT
$7,495,000
Sandmine Road Community Development District
(Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)

Dated: October 27, 2021
Delivered: October 27, 2021

Rebate Report to the Computation Date October 27, 2029
Reflecting Activity To October 31, 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 – Acquisition and Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	15	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	18	

December 1, 2025

Sandmine Road 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:	$7,495,000 Sandmine Road Community Development District (Polk County, Florida),
Special Assessment Bonds, Series 2021 (Assessment Area Two)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Sandmine Road 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 October 31, 2026. Thank you very much for this engagement 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 October 27, 2029 Computation Date
Reflecting Activity from October 27, 2021 through October 31, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	1.752921%	171,947.06	(192,884.12)	
Cost of Issuance Fund	0.000000%	0.00	(4.09)	
Debt Service Reserve Fund	3.121412%	20,176.08	(1,561.97)	
Totals	1.836467%	$192,123.14	$(194,450.18)	
Bond Yield	3.318997%			
Rebate Computation Credits	(9,550.89)			
Net Rebatable Arbitrage	$(204,001.07)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from October 27, 2021, the date of the closing, to October 31, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of October 27, 2029.

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.

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.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between October 27, 2021 and October 31, 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

Computation Date
October 27, 2029.

Computation Period
The period beginning on October 27, 2021, the date of the closing, and ending on October 31, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.
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.

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.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

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.

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	
Revenue	238537000	
Interest	238537001	
Sinking	238537002	
Debt Service Reserve	238537003	
Prepayment	238537004	
Acquisition and Construction	238537005	
Costs of Issuance	238537006	
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 October 31, 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 October 27, 2029. 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 October 27, 2029, is the Rebatable Arbitrage.
$7,495,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)
Delivered: October 27, 2021

Par Amount	$7,495,000.00	
Original Issue Premium	144,562.60	
Total	$7,639,562.60	

Acquisition and Construction Fund	$7,110,550.10	
Cost of Issuance Fund	169,475.00	
Debt Service Reserve Fund	209,637.50	
Underwriter’s Discount	149,900.00	
Total	$7,639,562.60	

PROOF OF ARBITRAGE YIELD
$7,495,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)

Date	

Debt Service	Present Value to 10/27/2021
@ 3.3189966459%	
05/01/2022	132,891.44	130,674.31	
11/01/2022	285,002.50	275,672.79	
05/01/2023	128,220.00	121,998.09	
11/01/2023	288,220.00	269,757.43	
05/01/2024	126,380.00	116,353.57	
11/01/2024	291,380.00	263,884.04	
05/01/2025	124,482.50	110,895.45	
11/01/2025	294,482.50	258,057.78	
05/01/2026	122,527.50	105,619.25	
11/01/2026	292,527.50	248,043.72	
05/01/2027	120,572.50	100,568.47	
11/01/2027	295,572.50	242,509.99	
05/01/2028	117,947.50	95,193.30	
11/01/2028	297,947.50	236,542.64	
05/01/2029	115,247.50	90,002.22	
11/01/2029	300,247.50	230,649.84	
05/01/2030	112,472.50	84,990.85	
11/01/2030	302,472.50	224,834.90	
05/01/2031	109,622.50	80,154.81	
11/01/2031	3,689,622.50	2,653,773.46	
05/01/2032	39,022.50	27,608.90	
11/01/2032	244,022.50	169,830.57	
05/01/2033	35,640.00	24,399.21	
11/01/2033	245,640.00	165,420.43	
05/01/2034	32,175.00	21,313.79	
11/01/2034	247,175.00	161,064.07	
05/01/2035	28,627.50	18,349.73	
11/01/2035	253,627.50	159,916.97	
05/01/2036	24,915.00	15,452.94	
11/01/2036	254,915.00	155,524.09	
05/01/2037	21,120.00	12,675.01	
11/01/2037	261,120.00	154,151.06	
05/01/2038	17,160.00	9,964.96	
11/01/2038	262,160.00	149,753.46	
05/01/2039	13,117.50	7,370.78	
11/01/2039	268,117.50	148,197.09	
05/01/2040	8,910.00	4,844.45	
11/01/2040	273,910.00	146,496.24	
05/01/2041	4,537.50	2,387.19	
11/01/2041	279,537.50	144,664.76	
	10,363,288.94	7,639,562.60	
	
Proceeds Summary		

Delivery date	10/27/2021	
Par Value	7,495,000.00	
Premium (Discount)	144,562.60	
Target for yield calculation	7,639,562.60	

PROOF OF ARBITRAGE YIELD
$7,495,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)
Assumed Call/Computation Dates for Premium Bonds

Bond Component	Maturity Date	
Rate	
Yield	Call Date	Call Price	Yield To Call/Maturity	
TERM04	11/01/2042	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2043	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2044	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2045	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2046	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2047	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2048	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2049	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2050	4.000%	3.490%	11/01/2031	100.000	3.4900762%	
TERM04	11/01/2051	4.000%	3.490%	11/01/2031	100.000	3.4900762%	

Rejected Call/Computation Dates for Premium Bonds

Bond Component	Maturity Date	
Rate	
Yield	Call Date	Call Price	Yield To Call/Maturity	Increase to Yield	
TERM04	11/01/2042	4.000%	3.490%			3.7052098%	0.2151335%	
TERM04	11/01/2043	4.000%	3.490%			3.7138368%	0.2237605%	
TERM04	11/01/2044	4.000%	3.490%			3.7216718%	0.2315956%	
TERM04	11/01/2045	4.000%	3.490%			3.7288142%	0.2387379%	
TERM04	11/01/2046	4.000%	3.490%			3.7353471%	0.2452709%	
TERM04	11/01/2047	4.000%	3.490%			3.7413413%	0.2512650%	
TERM04	11/01/2048	4.000%	3.490%			3.7468566%	0.2567804%	
TERM04	11/01/2049	4.000%	3.490%			3.7519448%	0.2618686%	
TERM04	11/01/2050	4.000%	3.490%			3.7566502%	0.2665739%	
TERM04	11/01/2051	4.000%	3.490%			3.7610113%	0.2709351%	

BOND DEBT SERVICE
$7,495,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
10/27/2021						
05/01/2022			132,891.44	132,891.44		
11/01/2022	155,000	2.300%	130,002.50	285,002.50	417,893.94	
05/01/2023			128,220.00	128,220.00		
11/01/2023	160,000	2.300%	128,220.00	288,220.00	416,440.00	
05/01/2024			126,380.00	126,380.00		
11/01/2024	165,000	2.300%	126,380.00	291,380.00	417,760.00	
05/01/2025			124,482.50	124,482.50		
11/01/2025	170,000	2.300%	124,482.50	294,482.50	418,965.00	
05/01/2026			122,527.50	122,527.50		
11/01/2026	170,000	2.300%	122,527.50	292,527.50	415,055.00	
05/01/2027			120,572.50	120,572.50		
11/01/2027	175,000	3.000%	120,572.50	295,572.50	416,145.00	
05/01/2028			117,947.50	117,947.50		
11/01/2028	180,000	3.000%	117,947.50	297,947.50	415,895.00	
05/01/2029			115,247.50	115,247.50		
11/01/2029	185,000	3.000%	115,247.50	300,247.50	415,495.00	
05/01/2030			112,472.50	112,472.50		
11/01/2030	190,000	3.000%	112,472.50	302,472.50	414,945.00	
05/01/2031			109,622.50	109,622.50		
11/01/2031	200,000	3.000%	109,622.50	309,622.50	419,245.00	
05/01/2032			106,622.50	106,622.50		
11/01/2032	205,000	3.300%	106,622.50	311,622.50	418,245.00	
05/01/2033			103,240.00	103,240.00		
11/01/2033	210,000	3.300%	103,240.00	313,240.00	416,480.00	
05/01/2034			99,775.00	99,775.00		
11/01/2034	215,000	3.300%	99,775.00	314,775.00	414,550.00	
05/01/2035			96,227.50	96,227.50		
11/01/2035	225,000	3.300%	96,227.50	321,227.50	417,455.00	
05/01/2036			92,515.00	92,515.00		
11/01/2036	230,000	3.300%	92,515.00	322,515.00	415,030.00	
05/01/2037			88,720.00	88,720.00		
11/01/2037	240,000	3.300%	88,720.00	328,720.00	417,440.00	
05/01/2038			84,760.00	84,760.00		
11/01/2038	245,000	3.300%	84,760.00	329,760.00	414,520.00	
05/01/2039			80,717.50	80,717.50		
11/01/2039	255,000	3.300%	80,717.50	335,717.50	416,435.00	
05/01/2040			76,510.00	76,510.00		
11/01/2040	265,000	3.300%	76,510.00	341,510.00	418,020.00	
05/01/2041			72,137.50	72,137.50		
11/01/2041	275,000	3.300%	72,137.50	347,137.50	419,275.00	
05/01/2042			67,600.00	67,600.00		
11/01/2042	280,000	4.000%	67,600.00	347,600.00	415,200.00	
05/01/2043			62,000.00	62,000.00		
11/01/2043	295,000	4.000%	62,000.00	357,000.00	419,000.00	
05/01/2044			56,100.00	56,100.00		
11/01/2044	305,000	4.000%	56,100.00	361,100.00	417,200.00	
05/01/2045			50,000.00	50,000.00		
11/01/2045	315,000	4.000%	50,000.00	365,000.00	415,000.00	
05/01/2046			43,700.00	43,700.00		
11/01/2046	330,000	4.000%	43,700.00	373,700.00	417,400.00	
05/01/2047			37,100.00	37,100.00		
11/01/2047	345,000	4.000%	37,100.00	382,100.00	419,200.00	
05/01/2048			30,200.00	30,200.00		
11/01/2048	355,000	4.000%	30,200.00	385,200.00	415,400.00	
05/01/2049			23,100.00	23,100.00		
11/01/2049	370,000	4.000%	23,100.00	393,100.00	416,200.00	

BOND DEBT SERVICE
$7,495,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2021 (Assessment Area Two)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
05/01/2050			15,700.00	15,700.00		
11/01/2050	385,000	4.000%	15,700.00	400,700.00	416,400.00	
05/01/2051			8,000.00	8,000.00		
11/01/2051	400,000	4.000%	8,000.00	408,000.00	416,000.00	
	7,495,000		5,007,288.94	12,502,288.94	12,502,288.94	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.318997%)

10/27/21	Beg	Bal	-7,110,550.10	-9,252,745.05	
11/02/21			-0.17	-0.22	
12/02/21			-1.03	-1.34	
12/30/21			-0.74	-0.96	
01/04/22			-1.07	-1.38	
01/07/22			224.00	289.62	
01/07/22			688.50	890.21	
02/02/22			-1.07	-1.38	
02/14/22			1,380,412.31	1,778,800.13	
03/02/22			-0.98	-1.26	
04/04/22			-1.07	-1.37	
04/26/22			1,270.00	1,625.78	
04/26/22			1,133.00	1,450.40	
04/26/22			185.50	237.47	
05/03/22			-1.03	-1.32	
06/02/22			-28.35	-36.17	
07/05/22			-88.40	-112.45	
08/02/22			-169.71	-215.35	
09/02/22			-274.56	-347.45	
10/04/22			-316.15	-398.91	
11/02/22			-428.82	-539.69	
12/02/22			-535.05	-671.55	
12/02/22			96.00	120.49	
12/06/22			96.00	120.45	
12/06/22			854.00	1,071.47	
12/21/22			-6.07	-7.61	
12/21/22			-1.04	-1.30	
12/22/22			-0.26	-0.33	
01/04/23			-611.91	-765.77	
02/02/23			-651.19	-812.84	
03/02/23			-624.58	-777.49	
03/27/23			2,543,292.83	3,158,720.53	
04/04/23			-712.55	-884.41	
05/02/23			-729.66	-903.33	
05/05/23			944,844.00	1,169,407.65	
05/16/23			2,000.00	2,472.86	
06/02/23			-795.13	-981.68	
07/05/23			-780.36	-960.55	
08/02/23			-817.62	-1,003.93	
08/09/23			2,403,434.07	2,949,206.69	
09/05/23			-850.58	-1,041.25	
10/03/23			-825.05	-1,007.42	
11/02/23			-855.65	-1,042.01	
12/04/23			-831.06	-1,009.11	
01/03/24			-858.33	-1,039.46	
01/29/24			1,080.00	1,304.81	
02/02/24			-854.70	-1,032.33	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.318997%)	
03/04/24		-794.25	-956.51	
04/02/24		-849.08	-1,019.93	
05/02/24		-820.62	-983.04	
06/04/24		-848.93	-1,013.98	
07/02/24		-821.99	-979.29	
08/02/24		-848.84	-1,008.51	
08/22/24		-167,710.00	-198,893.13	
09/04/24		-628.17	-744.15	
10/02/24		-158.29	-187.04	
11/04/24		-154.18	-181.65	
12/03/24		-143.24	-168.31	
12/20/24		-0.19	-0.22	
01/03/25		-143.30	-167.92	
02/04/25		-137.51	-160.68	
03/04/25		-123.39	-143.79	
04/02/25		-135.59	-157.60	
05/02/25		-130.97	-151.81	
06/03/25		-134.14	-155.05	
07/02/25		-129.56	-149.36	
08/04/25		-134.03	-154.06	
09/03/25		-134.01	-153.63	
10/02/25		-127.36	-145.62	
10/31/25	Bal	190,054.31	216,741.61	
10/31/25	Acc	594.22	677.66	
10/27/29	TOTALS:	171,947.06	-192,884.12	

ISSUE DATE:	10/27/21	REBATABLE ARBITRAGE:	-192,884.12	
COMP DATE:	10/27/29	NET INCOME:	171,947.06	
BOND YIELD:	3.318997%	TAX INV YIELD:	1.752921%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.318997%)	
10/27/21	Beg Bal	-169,475.00	-220,532.72	
10/27/21		30,000.00	39,038.10	
10/27/21		6,000.00	7,807.62	
10/27/21		1,750.00	2,277.22	
10/27/21		36,000.00	46,845.72	
10/27/21		50,000.00	65,063.50	
10/27/21		40,000.00	52,050.80	
11/03/21		5,725.00	7,445.68	
10/27/29	TOTALS:	0.00	-4.09	

ISSUE DATE:	10/27/21	REBATABLE ARBITRAGE:	-4.09	
COMP DATE:	10/27/29	NET INCOME:	0.00	
BOND YIELD:	3.318997%	TAX INV YIELD:	0.000000%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.318997%)

10/27/21	Beg	Bal	-209,637.50	-272,794.98	
11/02/21			0.17	0.22	
12/02/21			1.03	1.34	
12/30/21			0.74	0.96	
01/04/22			1.07	1.38	
02/02/22			1.07	1.38	
03/02/22			0.98	1.26	
04/04/22			1.07	1.37	
05/03/22			1.03	1.32	
06/02/22			28.35	36.17	
07/05/22			88.40	112.45	
08/02/22			169.71	215.35	
09/02/22			274.56	347.45	
10/04/22			316.15	398.91	
11/02/22			428.82	539.69	
12/02/22			535.05	671.55	
12/22/22			0.26	0.33	
01/04/23			611.91	765.77	
02/02/23			651.19	812.84	
03/02/23			624.58	777.49	
04/04/23			712.55	884.41	
05/02/23			729.66	903.33	
06/02/23			795.13	981.68	
07/05/23			780.36	960.55	
08/02/23			817.62	1,003.93	
09/05/23			850.58	1,041.25	
10/03/23			825.05	1,007.42	
11/02/23			855.65	1,042.01	
12/04/23			831.06	1,009.11	
01/03/24			858.33	1,039.46	
02/02/24			854.70	1,032.33	
03/04/24			794.25	956.51	
04/02/24			849.08	1,019.93	
05/02/24			820.62	983.04	
06/04/24			848.93	1,013.98	
07/02/24			821.99	979.29	
08/02/24			848.84	1,008.51	
08/22/24			167,710.00	198,893.13	
09/04/24			628.17	744.15	
10/02/24			158.29	187.04	
11/04/24			154.18	181.65	
12/03/24			143.24	168.31	
12/20/24			0.19	0.22	
01/03/25			143.30	167.92	
02/04/25			137.51	160.68	
03/04/25			123.39	143.79	
04/02/25			135.59	157.60	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (3.318997%)	
05/02/25		130.97	151.81	
06/03/25		134.14	155.05	
07/02/25		129.56	149.36	
08/04/25		134.03	154.06	
09/03/25		134.01	153.63	
10/02/25		127.36	145.62	
10/31/25	Bal	41,927.50	47,814.93	
10/31/25	Acc	131.61	150.09	
10/27/29	TOTALS:	20,176.08	-1,561.97	

ISSUE DATE:	10/27/21	
REBATABLE ARBITRAGE:	
-1,561.97		
COMP DATE:	10/27/29	NET INCOME:	20,176.08		
BOND YIELD: 3.318997%	TAX INV YIELD:	3.121412%		

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.318997%)	
10/27/22		-1,830.00	-2,304.21	
10/27/23		-1,960.00	-2,387.99	
10/27/24		-2,070.00	-2,440.34	
10/27/25		-2,120.00	-2,418.35	
10/27/29	TOTALS:	-7,980.00	-9,550.89	

ISSUE DATE:	10/27/21	REBATABLE ARBITRAGE: -9,550.89 COMP DATE:	10/27/29
BOND YIELD: 3.318997%

REBATE REPORT
$2,640,000
Sandmine Road Community Development District
(Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three)

Dated: October 26, 2022
Delivered: October 26, 2022

Rebate Report to the Computation Date October 26, 2025
Reflecting Activity To October 26, 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 – Acquisition and Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	15	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	18	

December 1, 2025

Sandmine Road 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:	$2,640,000 Sandmine Road Community Development District (Polk County, Florida), Special
Assessment Bonds, Series 2022 (Assessment Area Three)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Sandmine Road 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 October 31, 2026. Thank you very much for this engagement 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 October 26, 2025 Computation Date
Reflecting Activity from October 26, 2022 through October 26, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	3.807621%	99,106.52	(62,574.95)	
Cost of Issuance Fund	2.453958%	0.80	(1.33)	
Debt Service Reserve Fund	4.421233%	8,664.37	(3,250.75)	
Totals	3.849817%	$107,771.69	$(65,827.03)	
Bond Yield	5.924805%			
Rebate Computation Credits	(6,517.24)			
Net Rebatable Arbitrage	$(72,344.27)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from October 26, 2022, the date of the closing, to October 26, 2025, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of October 26, 2025.

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.

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.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between October 26, 2022 and October 26, 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

Computation Date
October 26, 2025.

Computation Period
The period beginning on October 26, 2022, the date of the closing, and ending on October 26, 2025, the Computation Date.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.
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.

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.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

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.

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	
Revenue	218061000	
Interest	218061001	
Sinking	218061002	
Debt Service Reserve	218061004	
Prepayment	218061003	
Acquisition and Construction	218061005	
Costs of Issuance	218061006	
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 October 26, 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 October 26, 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 October 26, 2025, is the Rebatable Arbitrage.
$2,640,000
Sandmine Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three) Delivered: October 26, 2022

Par Amount	$2,640,000.00	
Net Original Issue Discount	-12,001.30	
Total	$2,627,998.70	

Acquisition and Construction Fund	$2,293,579.95	
Cost of Issuance Fund	185,650.00	
Debt Service Reserve Fund	95,968.75	
Underwriter’s Discount	52,800.00	
Total	$2,627,998.70	

PROOF OF ARBITRAGE YIELD
$2,640,000
Sandmind Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three)

Date	

Debt Service	Present Value to 10/26/2022
@ 5.9248047786%	
05/01/2023	78,663.54	76,338.33	
11/01/2023	111,537.50	105,126.30	
05/01/2024	75,662.50	69,261.60	
11/01/2024	115,662.50	102,831.39	
05/01/2025	74,662.50	64,469.90	
11/01/2025	114,662.50	96,160.61	
05/01/2026	73,662.50	59,998.94	
11/01/2026	113,662.50	89,915.73	
05/01/2027	72,662.50	55,827.75	
11/01/2027	117,662.50	87,800.95	
05/01/2028	71,537.50	51,846.12	
11/01/2028	116,537.50	82,029.39	
05/01/2029	70,412.50	48,136.54	
11/01/2029	120,412.50	79,949.92	
05/01/2030	69,162.50	44,600.37	
11/01/2030	119,162.50	74,632.63	
05/01/2031	67,725.00	41,196.42	
11/01/2031	122,725.00	72,504.48	
05/01/2032	66,143.75	37,952.64	
11/01/2032	121,143.75	67,511.15	
05/01/2033	64,562.50	34,944.28	
11/01/2033	124,562.50	65,479.36	
05/01/2034	62,837.50	32,081.70	
11/01/2034	127,837.50	63,389.61	
05/01/2035	60,968.75	29,362.19	
11/01/2035	130,968.75	61,259.03	
05/01/2036	58,956.25	26,782.66	
11/01/2036	128,956.25	56,896.76	
05/01/2037	56,943.75	24,401.28	
11/01/2037	131,943.75	54,913.18	
05/01/2038	54,787.50	22,145.76	
11/01/2038	134,787.50	52,915.16	
05/01/2039	52,487.50	20,012.79	
11/01/2039	137,487.50	50,913.90	
05/01/2040	50,043.75	17,998.83	
11/01/2040	140,043.75	48,919.22	
05/01/2041	47,456.25	16,100.17	
11/01/2041	142,456.25	46,939.66	
05/01/2042	44,725.00	14,312.98	
11/01/2042	144,725.00	44,982.61	
05/01/2043	41,850.00	12,633.33	
11/01/2043	146,850.00	43,054.42	
05/01/2044	38,700.00	11,019.86	
11/01/2044	148,700.00	41,124.20	
05/01/2045	35,400.00	9,508.48	
11/01/2045	155,400.00	40,539.66	
05/01/2046	31,800.00	8,057.08	
11/01/2046	156,800.00	38,584.94	
05/01/2047	28,050.00	6,703.88	
11/01/2047	163,050.00	37,847.33	
05/01/2048	24,000.00	5,410.62	
11/01/2048	164,000.00	35,908.81	
05/01/2049	19,800.00	4,210.60	
11/01/2049	169,800.00	35,070.14	
05/01/2050	15,300.00	3,069.11	
11/01/2050	175,300.00	34,152.65	

PROOF OF ARBITRAGE YIELD
$2,640,000
Sandmind Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three)

Date	

Debt Service	Present Value to 10/26/2022
@ 5.9248047786%	
05/01/2051	10,500.00	1,986.80	
11/01/2051	180,500.00	33,171.29	
05/01/2052	5,400.00	963.83	
11/01/2052	185,400.00	32,139.38	
	5,687,601.04	2,627,998.70	
	
Proceeds Summary		

Delivery date	10/26/2022	
Par Value	2,640,000.00	
Premium (Discount)	-12,001.30	
Target for yield calculation	2,627,998.70	

BOND DEBT SERVICE
$2,640,000
Sandmind Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
10/26/2022						
05/01/2023			78,663.54	78,663.54		
11/01/2023	35,000	5.000%	76,537.50	111,537.50	190,201.04	
05/01/2024			75,662.50	75,662.50		
11/01/2024	40,000	5.000%	75,662.50	115,662.50	191,325.00	
05/01/2025			74,662.50	74,662.50		
11/01/2025	40,000	5.000%	74,662.50	114,662.50	189,325.00	
05/01/2026			73,662.50	73,662.50		
11/01/2026	40,000	5.000%	73,662.50	113,662.50	187,325.00	
05/01/2027			72,662.50	72,662.50		
11/01/2027	45,000	5.000%	72,662.50	117,662.50	190,325.00	
05/01/2028			71,537.50	71,537.50		
11/01/2028	45,000	5.000%	71,537.50	116,537.50	188,075.00	
05/01/2029			70,412.50	70,412.50		
11/01/2029	50,000	5.000%	70,412.50	120,412.50	190,825.00	
05/01/2030			69,162.50	69,162.50		
11/01/2030	50,000	5.750%	69,162.50	119,162.50	188,325.00	
05/01/2031			67,725.00	67,725.00		
11/01/2031	55,000	5.750%	67,725.00	122,725.00	190,450.00	
05/01/2032			66,143.75	66,143.75		
11/01/2032	55,000	5.750%	66,143.75	121,143.75	187,287.50	
05/01/2033			64,562.50	64,562.50		
11/01/2033	60,000	5.750%	64,562.50	124,562.50	189,125.00	
05/01/2034			62,837.50	62,837.50		
11/01/2034	65,000	5.750%	62,837.50	127,837.50	190,675.00	
05/01/2035			60,968.75	60,968.75		
11/01/2035	70,000	5.750%	60,968.75	130,968.75	191,937.50	
05/01/2036			58,956.25	58,956.25		
11/01/2036	70,000	5.750%	58,956.25	128,956.25	187,912.50	
05/01/2037			56,943.75	56,943.75		
11/01/2037	75,000	5.750%	56,943.75	131,943.75	188,887.50	
05/01/2038			54,787.50	54,787.50		
11/01/2038	80,000	5.750%	54,787.50	134,787.50	189,575.00	
05/01/2039			52,487.50	52,487.50		
11/01/2039	85,000	5.750%	52,487.50	137,487.50	189,975.00	
05/01/2040			50,043.75	50,043.75		
11/01/2040	90,000	5.750%	50,043.75	140,043.75	190,087.50	
05/01/2041			47,456.25	47,456.25		
11/01/2041	95,000	5.750%	47,456.25	142,456.25	189,912.50	
05/01/2042			44,725.00	44,725.00		
11/01/2042	100,000	5.750%	44,725.00	144,725.00	189,450.00	
05/01/2043			41,850.00	41,850.00		
11/01/2043	105,000	6.000%	41,850.00	146,850.00	188,700.00	
05/01/2044			38,700.00	38,700.00		
11/01/2044	110,000	6.000%	38,700.00	148,700.00	187,400.00	
05/01/2045			35,400.00	35,400.00		
11/01/2045	120,000	6.000%	35,400.00	155,400.00	190,800.00	
05/01/2046			31,800.00	31,800.00		
11/01/2046	125,000	6.000%	31,800.00	156,800.00	188,600.00	
05/01/2047			28,050.00	28,050.00		
11/01/2047	135,000	6.000%	28,050.00	163,050.00	191,100.00	
05/01/2048			24,000.00	24,000.00		
11/01/2048	140,000	6.000%	24,000.00	164,000.00	188,000.00	
05/01/2049			19,800.00	19,800.00		
11/01/2049	150,000	6.000%	19,800.00	169,800.00	189,600.00	
05/01/2050			15,300.00	15,300.00		
11/01/2050	160,000	6.000%	15,300.00	175,300.00	190,600.00	

BOND DEBT SERVICE
$2,640,000
Sandmind Road Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Three)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
05/01/2051			10,500.00	10,500.00		
11/01/2051	170,000	6.000%	10,500.00	180,500.00	191,000.00	
05/01/2052			5,400.00	5,400.00		
11/01/2052	180,000	6.000%	5,400.00	185,400.00	190,800.00	
	2,640,000		3,047,601.04	5,687,601.04	5,687,601.04	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.924805%)

10/26/22	Beg	Bal	-2,293,579.95	-2,732,661.81	
11/02/22			-38.90	-46.30	
12/02/22			-244.94	-290.13	
12/06/22			3,575.00	4,231.85	
12/22/22			187.25	221.08	
12/22/22			-0.12	-0.14	
01/04/23			-280.12	-330.09	
02/02/23			-298.10	-349.68	
03/02/23			-285.92	-333.77	
04/04/23			-326.19	-378.80	
05/02/23			-334.03	-386.15	
05/16/23			680.50	784.90	
05/24/23			389.50	448.67	
05/24/23			2,871.00	3,307.15	
06/02/23			-364.00	-418.75	
07/05/23			-357.24	-408.78	
07/06/23			-680.50	-778.56	
08/02/23			-374.29	-426.42	
09/05/23			-389.38	-441.25	
09/11/23			880.00	996.25	
09/11/23			342.00	387.18	
09/11/23			2,870.00	3,249.12	
10/03/23			-377.70	-426.07	
11/02/23			-391.70	-439.79	
12/04/23			-380.45	-424.95	
12/05/23			2,379,452.52	2,657,324.97	
12/05/23			961.00	1,073.23	
01/03/24			-392.93	-436.83	
01/29/24			407.00	450.57	
01/29/24			942.00	1,042.83	
02/02/24			-391.27	-432.94	
03/04/24			-363.60	-400.24	
04/02/24			-388.70	-425.93	
05/02/24			-375.67	-409.66	
06/04/24			-388.63	-421.60	
07/02/24			-376.29	-406.36	
08/02/24			-388.59	-417.60	
08/22/24			-76,775.00	-82,240.38	
09/04/24			-287.57	-307.44	
10/02/24			-72.46	-77.12	
10/17/24			28.50	30.26	
11/04/24			-70.58	-74.73	
12/03/24			-65.57	-69.10	
12/20/24			-0.09	-0.09	
01/03/25			-65.60	-68.79	
01/09/25			83,817.56	87,811.31	
02/04/25			-62.95	-65.68	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (5.924805%)	
03/04/25		-56.49	-58.66	
04/02/25		-62.07	-64.16	
05/02/25		-59.95	-61.67	
06/03/25		-61.41	-62.85	
07/02/25		-59.31	-60.42	
08/04/25		-61.36	-62.18	
09/03/25		-61.35	-61.88	
10/02/25		-58.31	-58.54	
10/26/25	Bal	1,348.60	1,348.60	
10/26/25	Acc	3.37	3.37	
10/26/25	TOTALS:	99,106.52	-62,574.95	

ISSUE DATE:	10/26/22	
REBATABLE ARBITRAGE:	
-62,574.95		
COMP DATE:	10/26/25	NET INCOME:	99,106.52		
BOND YIELD: 5.924805%	TAX INV YIELD:	3.807621%		

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(5.924805%)	
10/26/22	Beg Bal	-185,650.00	-221,190.75	
10/26/22		55,000.00	65,529.17	
10/26/22		45,000.00	53,614.78	
10/26/22		42,000.00	50,040.46	
10/26/22		30,000.00	35,743.19	
10/26/22		6,000.00	7,148.64	
10/26/22		1,750.00	2,085.02	
10/28/22		5,900.00	7,027.21	
11/07/22		0.80	0.95	
10/26/25	TOTALS:	0.80	-1.33	

ISSUE DATE:	10/26/22	REBATABLE ARBITRAGE:	-1.33	
COMP DATE:	10/26/25	NET INCOME:	0.80	
BOND YIELD:	5.924805%	TAX INV YIELD:	2.453958%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.924805%)

10/26/22	Beg	Bal	-95,968.75	-114,340.96	
11/02/22			38.90	46.30	
12/02/22			244.94	290.13	
12/22/22			0.12	0.14	
01/04/23			280.12	330.09	
02/02/23			298.10	349.68	
03/02/23			285.92	333.77	
04/04/23			326.19	378.80	
05/02/23			334.03	386.15	
06/02/23			364.00	418.75	
07/05/23			357.24	408.78	
08/02/23			374.29	426.42	
09/05/23			389.38	441.25	
10/03/23			377.70	426.07	
11/02/23			391.70	439.79	
12/04/23			380.45	424.95	
01/03/24			392.93	436.83	
02/02/24			391.27	432.94	
03/04/24			363.60	400.24	
04/02/24			388.70	425.93	
05/02/24			375.67	409.66	
06/04/24			388.63	421.60	
07/02/24			376.29	406.36	
08/02/24			388.59	417.60	
08/22/24			76,775.00	82,240.38	
09/04/24			287.57	307.44	
10/02/24			72.46	77.12	
11/04/24			70.58	74.73	
12/03/24			65.57	69.10	
12/20/24			0.09	0.09	
01/03/25			65.60	68.79	
02/04/25			62.95	65.68	
03/04/25			56.49	58.66	
04/02/25			62.07	64.16	
05/02/25			59.95	61.67	
06/03/25			61.41	62.85	
07/02/25			59.31	60.42	
08/04/25			61.36	62.18	
09/03/25			61.35	61.88	
10/02/25			58.31	58.54	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (5.924805%)	
10/26/25	Bal	19,193.75	19,193.75	
10/26/25	Acc	50.54	50.54	
10/26/25	TOTALS:	8,664.37	-3,250.75	

ISSUE DATE:	10/26/22	
REBATABLE ARBITRAGE:	
-3,250.75		
COMP DATE:	10/26/25	NET INCOME:	8,664.37		
BOND YIELD: 5.924805%	TAX INV YIELD:	4.421233%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (5.924805%)	
10/26/23		-1,960.00	-2,202.78	
10/26/24		-2,070.00	-2,194.46	
10/26/25		-2,120.00	-2,120.00	
10/26/25	TOTALS:	-6,150.00	-6,517.24	

ISSUE DATE:	10/26/22 COMP DATE:	10/26/25
BOND YIELD: 5.924805%	
REBATABLE ARBITRAGE:	
-6,517.24		

Section D
February 19, 2026
Sandmine Road CDD
Field Management Report

Completed Items
Irrigation repairs have been completed as identiﬁed during the monthly inspections.
The mulch installation, palm tree pruning, and lifting of the oaks have been completed.
Repairs of black aluminum fencing and white PVC fencing have been completed.
Monuments and adjoining stone walls at both entrances have been pressure washed.
Contracted Services
GMS staf performed thorough reviews of contracted services. Action item reports were generated for each vendor, as needed.
Overall, the district is receiving satisfactory performance from contracted vendors.
Site Items
Exclusive has provided a contract for Board review and approval.
A proposal to remove a failing palm has been provided.
Landscaping has been afected by recent temperatures and is being monitored.
In Progress
Additional areas of PVC fencing requiring repair have been identiﬁed. Material is being ordered and work will be scheduled.

Sandmine Road CDD | Ashley Hilyard - Field Manager | ahilyard@gmscfl.com |407-577-0918

Section 1
	Proposal #56222	
Date: 2/13/2026

	Remove 2 Sylvester Palms at rear gate	

Sandmine CDD

Sylvester Palm Removal (Rear Gate – Windsor Island / Hwy 27) Scope:

Remove two (2) declining Sylvester palms located at the rear gate of Windsor Island (Hwy 27). Grind two (2) palm stumps to below grade.
Remove and dispose of all associated debris. Final clean-up of the work area upon completion. Price includes all labor and disposal fees.

	Project Name	

Items	Quantity	Unit
Palm Removal	2.00	ea
Project Name:	$1,926.00

Subtotal	$1,926.00	
Estimated Tax	$0.00	
Total	$1,926.00	
Proposal # 56222	Sandmine CDD	February 13, 2026

	Terms & Conditions	

By	By
David Kaufman
Date
2/13/2026
Date

Exclusive Landscaping Group	Sandmine CDD

Section 2
Sandmine Road Community Development District Landscape Fee Summary

Contractor: Exclusive Landscapr Group	Property: Sandmine Road CDD

Address: 399 Central Florida Parkway Orlando , FL	Address:  219 E Livingston ST Orlando, FL 32801
Phone: 407-276-9889	Phone: 407-577-0918
Fax:
Contact: David Kaufman	Contact: Ashley Hilyard
Email: dkaufman@exclusive-grp.com	Email: ahilyard@gmscfl.com

JAN	
FEB	
MAR	
APRIL	
MAY	
JUN	
JUL	
AUG	
SEP	
OCT	
NOV	
DEC	
TOTAL	

Turf Maintenance and Detailing (Component A) -
Turf Maintenance/Detailing/Communication/Staffing	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$5,997.51	

$71,970.12	

TURF CARE

(Component B)

Bahia/St Augustine/Zoysia	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$437.33	

$5,247.96	

TREE/SHRUB CARE Includes OTC if Applicable (NO OTC) (Component C)
Tree/Shrub Fert/OTC/Drenching	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$246.00	

$2,952.00	

IRRIGATION MAINT.

(Component D)

Irrigation Inspections	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$390.00	

$4,680.00	

ANNUAL CHANGES -

(Component E.1)

Per Annual Pricing:	
$750.32

[Count]	
$750.32	
$750.32	
$750.32

[Count]	
$750.32	
$750.32	
$750.32

[Count]	
$750.32	
$750.32	
$750.32

[Count]	
$750.32	
$750.32	

$9,003.84	

BED DRESSING - Estimate mulch yds 1x (Component E.2)
[Mulch Type] Per Yard Pricing:	
$866.00	
$866.00	
$866.00	
$866.00	
$866.00

[Count]	
$866.00	
$866.00	
$866.00	
$866.00	
$866.00	
$866.00	
$866.00	

$10,392.00	

PALM TRIMMING	1 x Per Year
(Component E.3) Per Palm Price: Palm counts:	
$453.75	
$453.75	
$453.75	
$453.75	
$453.75	
$453.75	
$453.75	
$453.75

{Count}	
$453.75	
$453.75	
$453.75	
$453.75	

$5,445.00	

TOTAL FEE PER MONTH:	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$9,140.91	
$109,691	

Fee Schedule with Extra Services	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	$9,140.91	

Fee Schedule Essential Services Only	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	$7,071	

Initials	 	

LANDSCAPE SERVICE AGREEMENT

Date: August 21,2025
Exclusive Landscaping Group, LLC Client: Sandmine Road CDD Contract Start Date: January 1, 2026
Contract End Date: December 31, 2026 Contract Service Price: $109,690.92
This landscape agreement service is entered into as of the date above between Exclusive, LLC, “Exclusive” and “Client” as listed above. If Client is not the owner of each property where Exclusive is providing services under this Agreement, then Client is executing this Agreement on its own behalf and as duly authorized agent for the owner(s) of each property.

Property Name: Sandmine CDD
Property Address: Sandmine Road/ Highway 27 Davenport, FL	
Client Billing Address: 219 East Livingston Street Orlando, FL 32801 Attn: Ashley Hilyard
Phone: 407-841-5524
Billing Email: AHilyard@gmscfl.com	
Exclusive Contact: Luis Cortes (General Manager) Phone Number: 407-276-9902
Primary Email: lcortes@exclusive-grp.com	

Exclusive shall email all invoices to the Billing Email above, unless specified by the client. Client is responsible to notify Exclusive immediately regarding any change to the Billing Email. Client shall pay all invoices within fifteen (15) days of invoice date.
Exclusive and Client agree to all of the Terms and Conditions set forth in this Agreement including any schedules and exhibits attached hereto, as of the date set forth above. Exclusive agrees to furnish all equipment and labor required to complete the specifications listed herein for the property.
Services that will be performed shall include:

SCOPE OF SERVICES
In Accordance with Exhibit A
Florida-Friendly Best Practices Compliant

LAWN CARE
Mowing frequency will reflect turf type and seasonal growth, maintaining a healthy appearance.
Missed cuts due to weather will be rescheduled promptly.
Sharp mower blades will be used at all times to reduce turf damage.
Turf growth regulators may be applied to maintain consistency.
Mowing patterns will rotate to avoid rutting and promote even clippings. Clippings remain unless excessive.
No more than 1/3 of the leaf blade will be removed per cut.

EDGING
All turf borders and hardscape edges (sidewalks, curbs, plant beds, etc.) will be trimmed per Exhibit A.
Equipment will have debris guards; edging will not disturb soil.
Weeds in cracks will be treated to maintain cleanliness.

PLANT DETAILING
Shrubs will be pruned regularly for shape, fullness, and health.
Weeds will be removed and treated in mulched areas.
Plants will be kept clear of structures (eaves, windows, doors).
Groundcovers will not encroach on foundations, sidewalks, or other plant material.

DEBRIS REMOVAL
Areas will be cleared of debris prior to mowing (excluding dumpster and construction areas).
Paved surfaces will be blown clean after service.
Fallen limbs and natural debris will be removed routinely.
Storm cleanup (e.g., fallen trees) is not included but can be quoted. Exclusive clients receive priority.

FERTILIZATION & PEST CONTROL
Lawn and plant fertilization, insect, disease, and weed control provided per Exhibit A.
Program complies with seasonal timing, weather, and local ordinance.
IPM (Integrated Pest Management) used to monitor and treat pests as needed. (Arena is included)
Broadleaf weeds controlled with targeted treatments.
Fertilizer will be swept off hard surfaces to prevent staining.

TREE MAINTENANCE
Trees pruned to maintain:
8–10 ft clearance for pedestrian areas
10–12 ft for roadways/entrances
Trees over 10 ft and palms above 10 ft require additional approval unless included in Exhibit A.

IRRIGATION MANAGEMENT
Inspections per Exhibit A include heads, zones, timers, and overall function.
Minor adjustments (head cleaning, timer programming) are included.
Issues requiring repair (heads, lines, pumps) will be reported.
Repairs under $500 do not require prior approval.
Emergencies will be repaired immediately, then reported.
System will be calibrated once annually to ensure proper zone output (0.5–0.75 in/cycle).
Suspected drainage or irrigation issues will be communicated.

ANNUALS (Included)
Seasonal annuals installed using varieties appropriate for site conditions.
Beds will be tilled before new installation.
Deadheading performed to extend bloom.
Fungicide/insecticide applied as needed.
Annuals to be fertilized and soil amendments added.

MULCH (Included)
Mulch will be replenished as specified in Exhibit A using environmentally friendly materials.
Application will be at an average depth of 2–3 inches to conserve moisture, suppress weeds, and improve soil health.
Mulch will be kept away from plant bases and tree trunks to prevent rot and pest issues.
All beds will be raked smooth for a clean, uniform appearance after installation.

PALM TREE PRUNING (Included)
Palms under 10 ft in height will have dead or declining fronds, fruit stalks, and seed pods removed as needed during routine rotations.
Palms over 10 ft in height will be pruned per Exhibit A or as separately approved and quoted.
Fronds will not be removed above the 9 o’clock and 3 o’clock position to preserve palm health.
Pruning will be performed with proper tools to avoid trunk damage and maintain structural integrity.
Fronds touching buildings or posing safety risks will be addressed promptly.

ADDITIONAL SERVICES
Enhancements and non-routine services (e.g., irrigation repairs over $500, plant replacements) are available with written approval and will be quoted separately.
Terms & Conditions

Services
Exclusive will complete all work in a professional manner. Any alterations may incur additional costs and will be executed only upon written approval. Separate proposals will be completed at the time of the request for services.
This proposal is for the said property only. If for some reason Exclusive falls below industry standard in the performance of the items listed above the management of the said property shall notify Exclusive in writing for the deficiency to allow Exclusive right to cure. Exclusive will respond in writing within 15 days of the receipt of a deficiency report from a client with a plan to cure.
Insurance
During the term, Exclusive will maintain general liability insurance, automobile liability insurance, and works’ compensation insurance covering activities in connection with Services and any Work Order. Such insurance shall be commercially reasonable amounts. Evidence of such insurance will be provided to client upon request.
Service Fee
Payment for services rendered are due within 30 days of invoicing. Costs associated with the collection of unpaid balances owed to Exclusive will be the responsibility of the client.
Owner/Client will review all invoices submitted and will advise in writing if it has any questions or disputes with the Fees in the invoice. Client agrees that it must advise Exclusive of any issues with any such invoice within thirty (30) days of receiving the invoice or thereafter, the invoice shall be deemed accepted and Client will pay the invoice in full. Client agrees to pay interest charges from the time the payment was due at the rate that is the lower of 1.5% per month or the highest rate permissible under applicable law. It is understood and agreed that failure to pay invoices timely is deemed a material default, and that it entitles Exclusive to immediately cease performing Services and/or terminate this Agreement upon ten (10) days written notice for late payment.

Both parties hereby acknowledge that, notwithstanding the Service Fee, the monthly installment plan, and the types and frequency of services, goods and materials furnished each month throughout the year may vary according to seasonal requirements and best horticulture practices. The monthly installment plan is for Client’s convenience of payment only and billings do not necessarily reflect the actual cost or value of Services performed during any particular month or other billing period. If this Agreement is terminated for any reason on a date other than Anniversary Date, then all sums paid by Client to Exclusive for services performed since the most recent Anniversary Date shall be subtracted from the time-and-materials value (as determined in good faith by Exclusive) of Services performed since that date and, if the result is positive number (a shortfall), the shortfall shall become due and payable and Client shall promptly pay such shortfall to Exclusive. If the result is a negative number (an overage) the overage shall become due and payable and Exclusive shall promptly pay such overage to Client. Neither a shortfall nor and overage are liquidated or other damages arising from a termination of this Agreement but represents the portion of the charges for Services, (i) performed prior to but unpaid by Client as of the Termination Date or (ii) not performed prior to but paid by Client as of the Termination Date. For the avoidance of doubt, in no event will a shortfall or an overage exceed the total amount that would have been received by Exclusive had the Terminated Agreement continued uninterrupted until the end of its then current term.

Unless specified otherwise hereunder, Exclusive reserves the right to increase the Service Fee every 12 months by an amount calculated by multiplying the Service Fee for the immediately preceding 23 months by the greater of (i) 5% or (ii) CPI. If applicable, CPI is defined as the percentage increase in the Consumer Price Index between the most recently published CPI and the CPI published for the same month for the preceding calendar year.

It is Exclusive desire to offer competitive pricing in all market environments. Unfortunately, costs associated with performing Services are heavily influenced by unpredictable fuel pricing. In the event that, during performance of Services, the cost of materials or fuel (collectively, “Variable Costs”) required by Exclusive to perform the services increases by more than twenty percent (20%) over the variable costs on the contract start date, the service fee shall be increased by an amount equal to the increase in the Variable Costs.

Term and Renewal
This agreement will automatically be renewed at the end of each term for a further term of one (1) year unless either party gives the other written notice of termination at least 60 days prior to the end of the relevant term.
Either Exclusive or Client may terminate this Agreement without cause upon 60 day’s prior written notice to the other party. Client must provide Exclusive with a 15-day written notice to cure. If said cure items remain unsatisfactory after such 15 Days, Client must then provide a 60-day written notice to terminate this Agreement.
If either party materially breached the terms of this Agreement and fails to cure such breach within 30 days after written notice from the non-breaching party specifying such breach, then the non-breaching party may elect to immediately terminate this Agreement by 60 day written notice to the breaching party. In addition to and without limiting the foregoing, if Client fails to timely pay any Service Fee, Work Order Charges, or administrative fees due under this Agreement, then Exclusive may elect, in its sole discretion, to delay, withhold, suspend or cancel services without further notice to Client, and Exclusive shall have no responsibility whatsoever for any consequences thereof, in respect of which the Client hereby indemnifies Exclusive, and fees (As set out hereunder) shall continue to accrue and any extra expenses resulting from such withholding shall be for the Client’s responsibility.
Client agrees that substantial portions of the Landscape Maintenance Services performed during the Term may be performed during the initial months of the Term and that the cost of those services will not be fully recovered by Exclusive until all monthly payments under the Agreement have been received. In the event this Agreement is terminated before the end of the Term by Client or by Exclusive based upon Client’s failure to pay timely Fees, Exclusive shall be entitled to accelerate and recover from Client immediately all Fees due for the remainder of the Term.
General Provisions
During the Term of this Agreement and for a period of 12 months following this Agreement’s termination, the Client shall not, without the written permission of Exclusive or an appointed representative, directly or indirectly solicit, employ or retain, any person who is employed by Exclusive and performing Services hereunder, or encourage any such person not to devote his or her full business time to client, or (iii) agree to hire or employ any such person. Recognizing that compensatory monetary damages resulting from a breach of this section would be difficult to prove, Client agrees that such breach will render it liable to Exclusive for liquidated damages in the amount of $5,000 for each such employee or occurrence.
This Agreement, together with attached scope of services, work orders, and any other schedules and exhibits attached hereto, constitute the entire agreement of the parties with respect to the services and work orders and supersedes all prior contracts or agreements with respect to the services or work orders, whether written or oral. Except otherwise provided herein, this Agreement may be amended or modified from time to time only by written instrument executed, agreed to and signed by both Client and Exclusive.
Exclusive or approved subcontractors will be responsible for maintaining any necessary licenses or permits required by law for the activities on property.
Exclusive’s performance will be executed without penalty to the extent Exclusive is unable to perform as a result of accidents, acts of God, extreme weather conditions, inability to secure products, fire, earthquake and rules, regulations or restrictions imposed by any government or governmental agency, national or regional emergency epidemic, pandemic, health related outbreak or other medical events not caused by one of the Parties, or other delays or failure of performance beyond the commercially reasonable contract of Exclusive.
Exclusive total liability for losses, damages, and expenses of any type whatsoever, including indemnification obligations, if applicable, incurred by Client or any of its affiliates, guests, tenants, invitees, and lessees, which are caused by wrongful acts of omissions of Exclusive in connection with, or related to, Exclusive’s performance of services, shall be limited solely to proven direct and actual damages in an aggregate amount not to exceed the amounts actually paid to Exclusive hereunder. Further, in no event will either part be liable for special, indirect, incidental, or consequential damages, irrespective of the form or cause of action, in contract, tort or otherwise, whether or not the possibility of such damages has been disclosed in advance or could have been reasonably foreseen.
Client agrees that Exclusive may use images, videos, and stories of the work Exclusive performs on Client’s property, for various marketing purposes, including corporate brochures, digital media campaigns, trade show booths, advertising, web, public relations, news stories, and award submissions.

By signing this agreement in the space provided below, the undersigned Client signatory hereby represents and confirms that it has full power and authority to enter into this Agreement on its own behalf and on behalf of the record owner of each Property Site, and that this Agreement is a legally binding obligation of the undersigned and the record owner of each Property Site.

The above price and conditions are satisfactory and are hereby accepted. When signed by both parties this agreement becomes a binding contract for the services specified above.

EXCLUSIVE LANDSCAPING GROUP, LLC:
CLIENT:

Signature

Ben Strickland, President
Exclusive Landscaping Group, LLC		
Client Name, Title

Date		
Date
EXHIBIT A
Scope of Services

	Requested Scope			
	Occurrences	Monthly	Annually	
Base Maintenance	5,997.51	71,970.12		
Site Visits	52			
Mowing, String Trimming and Blowing	42			
Hard Edge	42			
Bed Edge	20			
Shrub and Tree Pruning (up to 10')	12			
Prune Ornamentals	1			
Crape Myrtle Pruning	1			
Bed Pre-emergent Weed Control	2			
Bed Post-emergent Weed Control	42			
Bed Weed Maintenance	12			
Policing & Debris Clean-up	42			
				
Irrigation Service	390.00	4,680.00		
Inspection, Adjustments and Reporting	12			
				
Horticultural Services	683.33	8199.96		
Turf Pre-emergent Weed Control	4			
Turf Post-emergent Weed Control	4			
St Augustine Fertilization	4			
Turf Disease Control	As Needed			
Turf Insect Control/Arena Application	May and as needed			
Shrub and Ground Cover Fert	2			
Shrub Disease Control	As Needed			
Seasonal Color (720) All Color Beds	4	750.32	9003.84		
Annual Install, Removal and Maintenance				
				
Palm Care	1	453.75	5445.00		
Palm Pruning				
				
Mulch Coco Brown Shredded	1	866.00	10392.00		
Mulch Installation (CY)	160 yds			

Total		9140.91	109,690.92