AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

COLLIER COUNTY “RECONVENED”
Regular Board Meeting June 19, 2024
6:00 P.M.

Grand Hall at Del Webb, 6008 Del Webb Way Ave Maria, Florida 34142
www.avemariastewardshipcd.org DISTRICT MANAGER
Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT “RECONVENED”
REGULAR BOARD MEETING June 19, 2024
6:00 p.m.
Grand Hall at Del Webb 6008 Del Webb Way
Ave Maria, Florida 34142
TO JOIN VIA ZOOM: https://us02web.zoom.us/j/85151231786 MEETING ID: 851 5123 1786 DIAL IN AT: 1-929-436-2866

Call to Order
Pledge of Allegiance
Invocation
Proof of Publication	Page 1
Establish a Quorum
Additions or Deletions to Agenda
Comments from the Public for District Items on the Agenda
Approval of Minutes
May 7, 2024 Regular Board Meeting Minutes	Page 3
Consent Agenda
Consider Approval of Updated Traffic Study Agreement	Page 9
Old Business
AMSCD Projects Update	Page 15
New Business
Consider Preliminary Approval of Developer Contribution & Deficit Funding Agreement
FY 2025	Page 17
Consider Approval of Revised O&M Methodology	Page 22
Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 33
Consider Resolution No. 2024-06 – Adopting a Fiscal Year 2024/2025 Proposed Budget for
the Master Irrigation Utility System	Page 53
Consider Resolution No. 2024-07 – Designating a Landowners’ Meeting Date	Page 54
Consider Resolution No. 2024-08 – Directing the District Manager Appoint Additional Signatories	Page 62
Administrative Matters
Legal Report
Engineer Report
Manager’s Report
Financials	Page 63
Final Public Comments
Board Members Comments
Adjourn

*Public Comment will be limited to three minutes (3:00) with no rebuttal

AFFIDAVIT OF PUBLICATION
Laura Archer
c/o Special District Services, Inc. Ave Maria Stewardship
2501A Burns Road
Palm Beach Gardens FL 33410

STATE OF WISCONSIN, COUNTY OF BROWN

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative ofthe Naples Daily News, a newspaper published in Collier County, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of Govt Public Notices, was published on the publicly accessible website of Collier and Lee Counties, Florida, or in a newspaper by print in the issues of, on:

06/12/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 06/12/2024

Publication Cost:	$460.64	
Tax Amount:	$0.00	
Payment Cost:	$460.64	
Order No:	10266458	
Customer No:	1125641	
PO#:	6-19-24 PHN	

My commission expires

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

NANCY HEYRMAN
Notary Public
State of Wisconsin

Page 1 of 2

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT NOTICE OF RECONVENED REGULAR BOARD MEETING
The Board of Supervisors (the "Board") of the Ave Maria Steward­ ship Community District (the "District") will hold a Continued Board Meeting ("Meeting") at 6:00 p,m. on June 19, 2024, which is a continuation of the June 4, 2024, meeting of the Board, in the Grand Hall at Del Webb located at 6008 Del Webb Way, Ave Maria, Florida 34142. The Meeting will also be available for viewing utilizing communications media technology ("Virtual Attendance") through the following login information, however live public comment will only be available to those partici­ pating In person. The Zoom link below will allow tor up to 1,000 indi­ viduals to view the meeting and all public comments from those partici­ pating via Zoom must be submitted in writing by 5 p,m. on June 18, 2024, in advance of the meeting to the District Manager, Allyson Holland, at aholland@sdsinc.org with the agenda Item they wish to speak on noted and written comments provided which will be included in the District's record. Virtual Atten­ dance Is offered for convenience only and In the event there are Interruptions In Internet service or other technical difficulties, the Meeting wll I continue at the physi­ cal locotlon regardless of avallabll­ lty of the Virtual Attendance option, No live public comment will be allowed via Zoom. Please note the meeting location has a maxi­ mum capacity of 350 individuals. Anyone in excess of the 350 person meeting location capacity must attend via the Zoom attendance option.
Join by URL for VIDEO ACCESS at: https://us02web.zoom.us/i/85151231786 Meeting ID: 85151231786
Join by PHONE at: l-929-436-2866 Meeting ID: 85151231786
The purpose of the Meeting is for the Board to address the proposed budget for Fiscal Year 2024/2025 and any other District related items as noted on the Agenda. At such time, the Board is so authorized and may consider any business that maY properly come before it.
A copy of the agenda may be obtained at the offices of the District Manager, Special District Services, Inc., 2501A Burns Rood, Palm Beach Gardens, Florido 33410 (561) 630- 4922, during normal business hours, or by visiting the District's website at www.avemariostewordshipcd.org seven (7) davs prior to the meeting date.
The meeting is open to the public and wiII be conducted in accordance with the provisions of Florida law. The meeting may be continued to a date, time and place to be specified on the record at the meeting. There
m=a=-oe occaslon. Wh Boara-
Supervisors or District Staff may participate by speaker telephone or other communications media tech­ nology,
Any person requiring special accom­ modations at this meeting because of a disability or physical impair­ ment should contact the District Manager's office at least fortY-eight
(48) hours prior to the meeting, If vou are hearing or speech impaired, Please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-
8771  (TTY)/1-800-955-8770 (Voice),
for old in contacting the District
Manager's office.
Each person who decides to appeal any decision mode by the Board with respect to any matter consid­ ered at the meeting Is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceed­ ings is mode, Including the testi­ mony and evidence upon which such appeal is to be based.
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
www.avemariastewarshipcd.org
10266458 6/12/24

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT REGULAR BOARD MEETING
Ave Maria Master Association 5080 Annunciation Circle, Unit 101 Ave Maria, Florida 34142
or
TO JOIN VIA ZOOM: https://us02web.zoom.us/j/83198051068 MEETING ID: 831 9805 1068 DIAL IN AT: 1 929 436 2866
May 7, 2024

CALL TO ORDER

The May 7, 2024, Regular Board Meeting of the Ave Maria Stewardship Community District (the “District”) was called to order at 9:00 a.m. in the Ave Maria Master Association located at 5080 Annunciation Circle, Unit 101, Ave Maria, Florida 34142. The meeting was also available via the Zoom information indicated above.

PLEDGE OF ALLEGIANCE

INVOCATION

Mr. Klucik led the meeting in prayer.

PROOF OF PUBLICATION

Proof of publication was presented indicating that notice of the Regular Board Meeting had been published in the Naples Daily News on April 26, 2024, as legally required.

ESTABLISH A QUORUM
A quorum was established with the following:
Board of Supervisors
Chairman	Thomas Peek	Present	
Vice Chair	Jay Roth	Present	
Supervisor	Jeff Sonalia	Present	
Supervisor	Tom DiFlorio	Present	
Supervisor	Robb Klucik	Present	

District Staff in attendance were:

District Manager	Andrew Karmeris	Special District Services, Inc.	
Director of Operations	Sal D’Angelo	Special District Services, Inc.	
General Counsel	Alyssa Willson	Kutak Rock, LLP	

Page 1 of 4

District Engineer	Ted Tryka	LJA Engineering, Inc.	
Owner Representative	David Genson (via zoom)	Barron Collier Companies	
Also present were the following:
Kim Twiss, Donny Diaz, Commissioner McDaniel and several members of the public. There were also many others present via Zoom.
ADDITIONS OR DELETIONS TO THE AGENDA

K. New Business Item #3 Discussion Regarding Reserve Study was removed from the agenda and staff noted that it would be ready for discussion at the June meeting.

COMMENTS FROM THE PUBLIC FOR ITEMS ON THE AGENDA

There were no comments from the public for items on the agenda.

APPROVAL OF MINUTES

April 2, 2024, Regular Board Meeting

The minutes of the April 2, 2024, Regular Board Meeting were presented for consideration.

A motion was made by Mr. Roth, seconded by Mr. DiFlorio and passed unanimously approving the minutes of the April 2, 2024, Regular Board Meeting.

CONSENT AGENDA

Ratification of Proposal for Asphalt Patch
Acceptance of Notice of Dismissal – Figueroa v Ave Maria, 23269
Consider Approval of License Agreement for Storage of Construction Materials (Quality Enterprises)
Consider Approval of Addendum to Proposal between the District and O’Donnell Landscapes, Inc. for Ave Maria Boulevard
Ratification of Davey Tree Proposal to Replace Sylvestris Palm Tree
Consider Approval of Sunbelt Rental Agreement
Consider Approval Garcia Farms Credit Application

A motion was made by Mr. Roth, seconded by Mr. DiFlorio and passed unanimously approving the consent agenda, as presented.

OLD BUSINESS
AMSCD Projects List
Staff reviewed the list briefly.
Page 2 of 4

Mr. Genson provided updates on Anthem Parkway Phase 5A and 5B as well as the future Oil Well Berm Landscaping project. Mr. Genson fielded questions from Mr. Klucik regarding the need for enhancement of that berm.

Mr. Tryka reported on the Apron at Owens roundabout should have an estimated end date of Fall 2024 and provided an update on the Sign at Oil Well Road project.

Mr. D’Angelo addressed the parking on District roads and the asset management software updates. He also discussed the review of signage, street striping and obstructed views throughout the community.

NEW BUSINESS

Consider Approval of Temporary Access Agreement for Student Education Research Activities with Ave Maria University

Mr. D’Angelo presented this item. Brett Feger, a professor from Ave Maria University spoke about the goals of the program and fielded questions from the Board of Supervisors. Mr. Klucik asked if there was a name for the big lake behind the university? Roger Nutt from the university stated there was not but the naming rights could be purchased.

A motion was made by Mr. DiFlorio, seconded by Mr. Klucik and passed unanimously approving the Temporary Access Agreement for Student Education Research Activities with Ave Maria University in substantial form.

Consider Resolution No. 2024-04 – Approving a Spending Authority Resolution and Agreement

Mr. D’Angelo presented this item and discussed the need for it from an operations team perspective. Mr. Roth asked if legal was ok with the parameters set forth in the resolution? Ms. Willson said yes.
A motion was made by Mr. Roth, seconded by Mr. DiFlorio and passed unanimously approving Resolution No. 2024-04 – Approving a Spending Authority Resolution and Agreement, as presented.

ADMINISTRATIVE MATTERS
Legal Report

Ms. Willson had nothing further to report.

Engineer’s Report

Mr. Tryka had nothing further to report.

Manager’s Report

Page 3 of 4

Mr. Karmeris went over the financials provided in the agenda packet.

A lengthy discussion ensued regarding the removal of mosquito control line item going forward. Mr. Klucik asked for further explanation of what happens to the budgeted amount for mosquito control if it is removed. He wanted to know if it would reduce assessments as it is a large line item in the district’s budget. Mr. Genson stated that the developer and staff are analyzing the district’s assets, maintenance and repair plans to determine the real needs of the district, therefore it would be premature to assume assessments would decrease with the removal of the mosquito control line item. Mr. Klucik thanked Mr. Genson for indulging his questions and concerns.

FINAL PUBLIC COMMENTS

District resident John Lanham had comments regarding an intersection at Battle creek Way/Pope John Paul II/ Allegra Drive. He mentioned there was a large 4’ by 8’ sign that was removed but a smaller one was put in its place. He suggested some sort of traffic calming be considered for traffic coming towards Allegra Drive. Mr. Lanham also had comments regarding the rapid growth of the community and whether the irrigation infrastructure could keep up as several communities are not getting enough water pressure, and the third pump station is not scheduled to be constructed until 2025.

Commissioner McDaniel addressed the board and the members of the public. He commented on multiple items brought up by the residents and added that he would meet with anyone who wanted to discuss further after the meeting. He asked the residents to always send traffic calming emails to him so that he can inform the sheriff’s office. He also added that the next Civic Association meeting is tomorrow July 16th at 7:00 p.m.

BOARD MEMBER COMMENTS

Mr. Klucik recognized John Lanham and Kevin Schang as new Ave Maria Civic Association members.

ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was adjourned at 10:12 a.m. by Chairman Peek. There were no objections.

Secretary/Assistant Secretary	Chair/Vice-Chairman

Page 4 of 4

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
MAY 2024

Project Name	Date
appeared on List	Start Date	End Date	Est. Cost	%
Complete	Responsible Party	Comments	
Anthem Parkway Phase 5A (Starts at North park to
Avalon)	06/07/2022	2nd Quarter 2023	01/13/2025	Est.
$10,264,854	40%	Andrew Karmeris (District)	Project underway	
Anthem Parkway Phase 5B (Will include roundabout at
Pope John Paul)	06/07/2022	4th Quarter 2024	1st Quarter 2026	Est.
$8,394,852	0%	Andrew Karmeris (District)	Currently in design and permitting	
Massa Way Irrigation
Extension	05/07/2024	05/02/2024	01/15/2025	Est,
$734,741	0%	Andrew Karmeris
(District)	Working to provide contractors a Notice of Commencement	
Arthrex Commerce Park	05/07/2024	02/01/2024	01/15/2025	Est. TBD –
Pending Landscape
Bid	35%	Andrew Karmeris (District)	Working to provide contractors a Notice of Commencement	
Oil Well Berm Landscaping	05/07/2024	05/01/2024	10/01/2024	TBD	0%	Andrew Karmeris
(District)	Bidding out to prequalified contractors	
Apron at Owens roundabout &
animal clinic	06/06/2023	Fall 2023	Late-Fall 2024	Est. Const.
$98,500	Design-100% Begin Const.
Phase	Ted Tryka (District)	Contract docs and specs. For Mid-May
and prepare for bid.	

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

handicap parking
spot								
Asset Management	11/01/2022	10/1/23	09/30/24	$75,000	FY24 – 85%	Sal DeAngelo (District)	Mapping of roadways, sidewalks, curbs, light poles are complete.
Budgeting for Fiscal Year 2024 to include site visits, mapping of additional assets such
as signs, fixtures, etc.	
Review of Signage, potential obstructed views, and street striping conditions	03/05/2024	03/06/2024	04/16/2024	N/A	50%	Sal D’Angelo (District Operations Manager)	District staff is in the process of reviewing, and any issues discovered are being noted in the asset
management program.	
Sign at Oil Well
Road/ Lighting Project	10/03/2023	01/17/2024	11/12/2024	$544,758	47%	Ted Tryka (District	Light poles delivered
May 6th. Installation Mid-June with bases.	

May 23, 2024

David B. Genson, PE, MBA
Ave Maria Stewardship Community District 2501A Burns Road
Palm Beach Garden, FL 33410
P 239.262.2600 | M 239.404.3337
E dgenson@barroncollier.com
Subject:	Ave Maria Community Traffic Counts and Speed Evaulation Transportation Consulting Professional Services Agreement

Dear Mr. Genson:
Trebilcock Consulting Solutions, PA (TCS) is pleased to submit a proposal to provide Transportation Consulting Professional Services to conduct traffic counts and traffic speed evaluation within the Ave Maria community in Collier County, Florida.

Please review the attached Scope of Services and Fee Schedule outlining the tasks that will be performed for the subject project. Also included are TCS’ Standard Business Terms & Conditions and Standard Rate Code.

Thank you for the opportunity to provide our services on your project.
Sincerely,
Trebilcock Consulting Solutions, PA

Norman J. Trebilcock, AICP, P.E. President

Trebilcock Consulting Solutions, PA  2800 Davis Boulevard, Suite 200  Naples, FL 34104 Phone 239.566.9551 www.trebilcock.biz

Ave Maria Traffic Counts and Speed Evaluation May 23, 2024
Page 2 of 6
PROJECT INFORMATION AND ASSUMPTIONS
	Peninsula Engineering is the engineer on the project, preparing the engineering elements.
	The purpose of this project is to evaluate traffic speeds and provide traffic monitoring information.
	Existing and proposed roadway information will be provided by Peninsula Engineering.
	Client to provide a copy of all relevant permits, reports, approvals, and other related documents for the Project.

SCOPE OF SERVICES
Traffic Counts
Conduct a 3-day traffic count (Tuesday, Wednesday, and Thursday) to collect volume and speed for 12 locations, as follows:
#1 - Ave Maria Blvd. - South of Del Webb Way
#2 - Ave Maria Blvd between Median Openings South of Anthem Pkwy
#3 - Anthem Pkwy between 2nd and 3rd Median Openings West of Ave Maria Blvd #4 - Plymouth Place West of Constitution Street
#5 - Ave Maria Blvd North of Assisi Avenue #6 - Ave Maria Blvd South of Milano Street #7 - Ave Maria Blvd South of Owens Way #8 - Steinbeck Way East of Magellan Street
#9 - Pope John Paul II Blvd between Torino Ave and Colby Street
#10 - Pope John Paul II Blvd between Milano Street and Allegra Drive #11 - Pope John Paul II Blvd Just East of Anthem Pkwy
#12 - Avila Ave Just West of Roma Street
Traffic counts will be conducted by a qualified sub-consultant (no-mark-up).

Traffic Count Report
Evaluate collected traffic volume data.
Prepare a report of findings based on the traffic volume data collected.
Coordinate with and assist the project team and/or county staff regarding transportation elements of the project.
Speed Evaluation Report (Contingent)
Review community traffic and roadway data to determine suitability of current traffic speeds.
Prepare a traffic report of findings based on consideration of the speed, volume and character of motor vehicles using the streets.
Prepare and submit support documents regarding project transportation issues based on requests for additional information by project team or agency staff, as applicable.
Coordinate with and assist the project team and/or county staff regarding transportation elements of the project.

Ave Maria Traffic Counts and Speed Evaluation May 23, 2024
Page 3 of 6

PROFESSIONAL SERVICE FEES
Reimbursable Expenses are billed as T/M/E (Time and Materials Estimate). Expenses for blueprints, reproduction services, overnight delivery, courier service, and other project related charges will be billed at cost plus 10%.
Retainer/Payment. Client will pay a retainer to Consultant for the Services in the amount of $ N/A . This fee shall be payable upon contract signing (invoice will be provided). Client shall pay additional fees, if any, upon presentment of a billing statement by Consultant, and the retainer will be applied to project final billing.

Scope of Services will be provided based on the following fee structure:

TASK	SCOPE OF SERVICES	FEE
TYPE	FEE	
1	Traffic Counts (No-mark-up)	LS	$	4,920.00	
2	Traffic Count Report	LS	$	3,500.00	
3	Speed Evaluation Report (Contingent)	LS	$	6,000.00	
	Professional Service Fees – Reimbursable Expenses	TME	$	100.00	
Total	$	14,520.00	
LS = Lump Sum (Fixed); TME = Time and Materials Estimate

EXCLUDED SERVICES
The professional services to be provided by Trebilcock Consulting Solutions are limited to those described in the Scope of Services. All other services are specifically excluded, including, but not limited to the following items:

Construction Phase Services Environmental Services
Final Design Roadway Improvement Services Geotechnical Engineering Services Hydrogeological Services
Land Surveying Services Parking Needs Services

Permitting Services Public Hearing Services Site Design Services
Site Lighting Design Services Structural Engineering Services
Off-site Street Lighting or Roadway Improvement Services

Ave Maria Traffic Counts and Speed Evaluation May 23, 2024
Page 4 of 6
PROFESSIONAL SERVICES AGREEMENT AUTHORIZATION
This is to certify that all parties to the Agreement have accepted the Scope of Services, Standard Business Terms and Conditions, and Standard Rate Code described herein.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective on the last date shown below.

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

TREBILCOCK CONSULTING SOLUTIONS, PA

	5/23/2024 

David B. Genson	Date	Norman J. Trebilcock	Date

REQUIRED BILLING INFORMATION
Please fill in the information below to ensure invoicing accuracy. Note: Invoices will be emailed to the email address provided under Accounts Payable Information, unless otherwise requested.

INVOICE ADDRESSEE INFORMATION	ACCOUNTS PAYABLE INFORMATION	
Company		Contact		
Contact		Phone No.		
Street Address		Fax No.		
City, State, Zip		Email Address		
Phone No.				
Fax. No.				
Email Address				

Ave Maria Traffic Counts and Speed Evaluation May 23, 2024
Page 5 of 6
TREBILCOCK CONSULTING SOLUTIONS, PA STANDARD BUSINESS TERMS & CONDITIONS
These Standard Business Terms & Conditions are attached to, and made part of, the Proposals and Agreements between Trebilcock Consulting Solutions, P.A. (Consultant) and Client.
Limitation of Liability
Trebilcock Consulting Solutions’ services under this Agreement will be consistent with the Standard of Care for all professional engineering and related services to be performed or furnished by Trebilcock Consulting Solutions. These engineering services shall be provided with the care and skill ordinarily provided by members of the Engineering Profession practicing under similar circumstances. Upon notice to Trebilcock Consulting Solutions and by mutual Agreement between the parties, Trebilcock Consulting Solutions will correct those services not meeting such a standard without additional compensation.
Trebilcock Consulting Solutions and Client recognize that the project involves risk. The risks have been allocated such that the Client agrees to the fullest extent permitted by the law, Trebilcock Consulting Solutions’ total liability to Client for any and all injuries, claims, losses, expenses, damages, reasonable attorney’s fees, and defense costs, arising out of or in any way connected to this project and/or Agreement from any cause or causes, shall not exceed the amount of the fee charged for the specific service described. Such causes may include, but are not limited to, Trebilcock Consulting Solutions’ negligence, errors, omissions, strict liability, breach of contract or breach of warranty. INDIVIDUAL EMPLOYEES, OR AGENTS OF TREBILCOCK CONSULTING SOLUTIONS MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.
Payments and Collection
Invoicing may be provided monthly, and statements are due and payable upon receipt, unless otherwise agreed in writing. Client agrees to carefully read all billing statements and promptly notify Trebilcock Consulting Solutions, in writing, of any claimed errors or discrepancies, within fifteen (15) days from the date of the statement. If Trebilcock Consulting Solutions is not notified by the Client in writing, it is presumed that owner agrees with the correctness, accuracy, and fairness of the billing statement.
Past due amounts may incur a late fee of 1% compounded monthly and Trebilcock Consulting Solutions can, upon giving seven (7) days written notice to Client, suspend services until payment in full is received. Client’s failure to make payment to us within 30 days shall constitute a material breach of this Agreement and shall be cause for termination by Trebilcock Consulting Solutions. Retainers shall be credited on the final invoice. Trebilcock Consulting Solutions is entitled to collect reasonable fees and costs, including collection agency, attorney’s fees and interest as required to obtain collection of any fees under the Agreement.
Reimbursable Expenses
Expenses for reproduction services, courier fees, delivery, presentation materials, long distance phone calls, travel made on behalf of the project, subcontractors/sub-consultant fees, and any other out-of-pocket expenses incurred on the project are reimbursable to Trebilcock Consulting Solutions. These expenses will be billed to the Client at cost plus 10%.
Permit and Application Fees
Client shall pay all permit and application fees required for the project.
Termination
This Agreement may be terminated by either party upon 30 days written notice in the event of substantial failure by the other party to perform in accordance with the terms hereof through no fault of the terminating party. Irrespective of which party shall effect termination, the Client shall pay Trebilcock Consulting Solutions for all services rendered to the date of termination.
Attorney Fees
Should litigation arise related to services under this Agreement, the prevailing party is entitled to recover reasonable costs including staff time, court costs, attorney fees and related expenses.
Mediation
Trebilcock Consulting Solutions and Client agree that all disputes or claims between them arising out of or relating to this Agreement made during design, construction, or post-construction of the project shall be submitted to nonbonding mediation unless the parties agree otherwise.
Ownership of Documents
All documents, including electronic media, prepared by Trebilcock Consulting Solutions under this Agreement shall remain the property of Trebilcock Consulting Solutions.
Delays
Trebilcock Consulting Solutions is not responsible for delays caused by factors beyond Trebilcock Consulting Solutions’ control including, but not limited to, the production of contract documents; issuance of permits from any government or agency; beginning or completion of construction; or performance of any phase of the work pursuant to this Agreement. Trebilcock Consulting Solutions does not guarantee issuance of any permit.

Ave Maria Traffic Counts and Speed Evaluation May 23, 2024
Page 6 of 6

TREBILCOCK CONSULTING SOLUTIONS, PA STANDARD RATE CODE
Effective June 23, 2023

CLASSIFICATION	CODE	HOURLY RATE	
PROFESSIONAL CONSULTANT	
Professional Consultant 1	PC1	$125	
Professional Consultant 2	PC2	$145	
Professional Consultant 3	PC3	$160	
Professional Consultant 4	PC4	$175	
Professional Consultant 5	PC5	$190	
Professional Consultant 6	PC6	$205	
ADMINISTRATIVE	
Administrative Assistant 1	AA1	$90	
Administrative Assistant 2	AA2	$100	
	
Reimbursable and Sub-consultant Expenses may be charged at Cost plus 10%. Expert Witness/Public Hearing may be charged at 150% of Standard Rate Code Fees. Any State of Florida Services Tax will be added to our fees, as applicable.	

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
JUNE 2024

Project Name	Date appeared
on List	Start Date	End Date	Est. Cost	%
Complete	Responsible Party	Comments	
Anthem Parkway Phase 5A (Starts at North park to
Avalon)	06/07/2022	2nd Quarter 2023	01/13/2025	Est.
$10,264,854	65%	Andrew Karmeris (District)	Project underway – Ave Maria Blvd is near completion	
Anthem Parkway Phase 5B (Will include roundabout at
Pope John Paul)	06/07/2022	4th Quarter 2024	1st Quarter 2026	Est.
$8,394,852	0%	Andrew Karmeris (District)	Currently in design and permitting	
Massa Way Irrigation
Extension	05/07/2024	05/02/2024	01/15/2025	Est,
$734,741	60%	Andrew Karmeris
(District)	Directional Drill Complete, project is
underway	
Arthrex Commerce Park	05/07/2024	02/01/2024	01/15/2025	Est. TBD –
Pending Landscape
Bid	65%	Andrew Karmeris (District)	Currently under construction.	
Oil Well Berm Landscaping (Save existing palm clusters, add buffer trees and
irrigation)	05/07/2024	05/01/2024	10/01/2024	$421,705.8	0%	Andrew Karmeris (District)	Bids Received (Public bid opening scheduled for 6/13/24 at 1:30 p.m.)	

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Apron at Owens roundabout & animal clinic handicap parking
spot	06/06/2023	Fall 2023	Late-Fall 2024	Est. Const.
$98,500	Design-100% Begin Const.
Phase	Ted Tryka (District)	Bid to prequalified contractors 1st week of June.	
Asset Management	11/01/2022	10/1/23	09/30/24	$75,000	FY24 – 90%	Sal DeAngelo (District)	Mapping of roadways, sidewalks, curbs, light poles are complete. Budgeting for Fiscal Year 2024 to include site visits, mapping of additional assets such
as signs, fixtures, etc.	
Sign at Oil Well Road/ Lighting Project	10/03/2023	01/17/2024	11/12/2024	$544,758	47%	Ted Tryka (District	Signs complete. Light pole start installation 1st week of June.
Complete end of July.	

FY 2025 DEVELOPER CONTRIBUTION AND DEFICIT FUNDING AGREEMENT

THIS FY 2025 DEVELOPER CONTRIBUTION AND DEFICIT FUNDING AGREEMENT (“Agreement”) is
made and entered into to be effective the 	day of 	 2024, by and between:
Ave Maria Stewardship Community District, a local unit of special-purpose government established pursuant to Chapter 2004-461, Laws of Florida, (the “Act”) and located in Collier County, Florida (“District”), and

Ave Maria Development, LLLP, a Florida limited liability limited partnership, the primary developer of lands within the boundary of the District, and whose address is 2600 Golden Gate Parkway, Naples, Florida 34105 (“Developer”).

RECITALS
WHEREAS, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to the Act is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the Board of Supervisors (“Board”) of the District has adopted the District’s operations and maintenance budget (“O&M Budget”) for the fiscal year ending September 30, 2025 (“FY 2025”) and has levied special assessments (“O&M Assessments”) to fund a portion of the O&M Budget a copy of which is attached hereto and made a part hereof as Exhibit A; and
WHEREAS, the Board has adopted the Ave Maria Master Irrigation Utility budget (“Utility Budget”) for FY 2025 a copy of which is attached hereto and made a part hereof as Exhibit B; and

WHEREAS, in connection with the adoption of the O&M Budget and the levy of the O&M Assessments, and in consideration for the District not levying additional O&M Assessments, the Developer has agreed to pay the O&M Assessments levied on its properties, and additionally to fund any portion (“O&M Deficit”) of the O&M Budget needed by the District above and beyond the amount of the O&M Assessments actually levied;
WHEREAS, in connection with the adoption of the Utility Budget, the Developer has agreed to pay the developer contribution outlined in the Utility Budget and fund any funding deficits;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

RECITALS.	The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.
FUNDING OBLIGATION.
O&M Budget. The Developer agrees to make available to the District the monies necessary to fund any O&M Deficit for FY 2025, as detailed in the O&M Budget, within thirty (30) days of written
1

request by the District. The funds shall be placed in the District's general checking account and used to fund the actual administrative and operations expenses of the District’s O&M Budget. The Developer agrees to fund any O&M Deficit for actual expenses of the District and up to the total amount of the O&M Budget; provided, however, that the Developer shall not be responsible for any O&M Deficit resulting from amendments to the O&M Budget, unless the Developer approves of such amendments. The Developer’s payment of funds pursuant to this Agreement in no way affects Developer’s obligation to pay O&M Assessments levied on lands it owns within the District. The District shall have no obligation to reimburse the Developer for any monies paid under this Agreement.

Utility Budget. The Developer agrees to make available to the District the monies necessary to fund any developer contributions for FY 2025, as detailed in the Utility Budget. Further, the Developer agrees to fund any utility funding deficit for actual expenses of the District. Developer agrees to provide such developer contributions and funding deficit within thirty (30) days of written request by the District. The funds shall be placed in the District's general checking account and used to fund the actual administrative and operations expenses of the District’s Utility Budget. The District shall have no obligation to reimburse the Developer for any monies paid under this Agreement.
AMENDMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORITY. 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.
ASSIGNMENT. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other. Any purported assignment without such consent shall be void.

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance.
ATTORNEY’S FEES. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

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.

2

APPLICABLE LAW; VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any action under this Agreement shall be in a state circuit court of competent jurisdiction in and for Collier County, Florida.
ARM’S LENGTH. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

By: 	
Its: 	

AVE MARIA DEVELOPMENT, LLLP

By:	 Name: 	 Title: 	 

EXHIBIT A:	O&M Budget with Assessment Schedule
EXHIBIT B:	Utility Budget

3

EXHIBIT A
O&M Budget with Assessment Schedule

4

EXHIBIT B
Utility Budget

5

■

THIRD REVISED OPERATIONS & MAINTENANCE ASSESSMENT METHODOLOGY REPORT
FOR THE AVE MARIA STEWARDSHIP
COMMUNITY DISTRICT

June 4, 2024

Prepared for

Board of Supervisors

Ave Maria Stewardship Community District Prepared by

Real Estate Econometrics, Inc.

Real Estate Econometrics, Inc. Suite 100
707 Orchid Drive
Naples, Florida 34102
(239) 269-1341
Ree-i.Com

THIRD REVISED OPERATIONS & MAINTENANCE ASSESSMENTMETHODOLOGYREPORTFORTHE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Introduction

Purpose
This report (the "Third Revised O&M Assessment Methodology") amends the original Operations & Maintenance Assessment Methodology Report ("Original O&M Methodology") dated and approved July 5, 2007, the First Revised Operations & Maintenance Methodology Report dated and approved May 30, 2017, and the Second Revised Operations & Maintenance Methodology Report dated and approved June 23, 2021, by the Ave Maria Stewardship Community District ("District"). The Original O&M Methodology was designed to apply the annual Operations and Maintenance budget ("O&M Budget") incurred by the District to provide certain operating and maintenance services to properties in the District.

Since the adoption of the Original O&M Methodology, the Town of Ave Maria's ("Ave Maria") build out development program has changed from the original estimation to its current program due to evolving market conditions. Ave Maria has since added to the Ave Maria Stewardship Receiving Area ("Ave Maria SRA") through Collier County Ordinance 2023-119 as described in Section 1.2 of this report.

The District is updating the operations & maintenance proposed buildout budget through this methodology. The District has engaged Real Estate Econometrics, Inc. ("Consultant") to develop the revised methodology.

Background
The acreage contained within the Town of Ave Maria "Ave Maria" is completely within the boundaries of the District. Ave Maria is a mixed-use community in unincorporated Collier County ("County"), Florida. The Collier County Board of County Commissioners granted certain development rights for the anticipated development within the District.

Ave Maria has been under development for almost 20 years. When complete, Ave Maria will have a variety of multi-family and single-family product types, commercial/retail space, office space, schools, churches, a university and recreational opportunities.
On June 13, 2023, the Collier County Board of County Commissioners passed Resolution 2023-119 that amended Resolution Nos. 2004-89 and 2005-234A, making the following changes to the Ave Maria Stewardship Receiving Area ("SRA"):

Revised the existing University District and Neighborhood General District and added a new Town Center, Neighborhood General, and University District.

Expanded the Ave Maria SRA to include 325-acres (+/-) in the northwest and 540-acres (+/-) in the southeast at the intersection of Oil Well Road and Camp Keais Road.

Increased the Ave Maria SRA from 4,000 acres to 5,000 acres and did not increase the total number of residential units or commercial intensity.

Table 1 below outlines the Ave Maria build out development program that includes the 2023 SRA Revision development plan.
Table 1. The 2024 Revised Ave Maria Build Out Development Program

Land Use Residential* Apartments
Middlebrook - Affordable Housing ALF Apartments
Goods and Services
Mini Warehouse (Self Storage) Light Manufacturing
Hotel
Institutional - AM University Private K-12 School

Number of Units
10,350
602
48
275
1,078,943
40,400
711,000
300
2,000
900

*- Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: Developer

Use of Specific Numbers within the Tables of the O&M Budget Assessment Methodology
Great diligence has been used to define the components of the build out development program defined in Table 1 (the "Development Program"), the estimated O&M Budget shown in Table 2, and the Assessment Apportions shown in Tables 3 through 5. The Ave Maria build out Development Program, the O&M Budget, and the resulting allocations are subject to change. They are used within this report to illustrate the application of the algorithms and principles used in establishing this Third Revised O&M Assessment Methodology.

The District Operations & Maintenance Budget at Build Out

The District Manager and Master Developer have identified certain operations and maintenance budget items that may be provided by the District and has provided a cost estimate at the time of the Community's build out for each of those items to the Consultant. In order to establish the assessment methodology by which the benefiting properties will receive their apportioned assessment, the Consultant utilized the District's estimated O&M Budget at build out in its assessment methodology to determine the potential O&M Budget assessments at build out. Details of the District's O&M Budget at build out can be found in Table 2 on the next page.

(Rest of page left intentionally blank)

Table 2. District's 2024 Estimated O&M Budget at Build Out1

OPERATIONS AND MAINTENANCE	2024 Estimate	
		
Electric - Streetlights and Landscaping	300,000	
		
Roads - General Maintenance	0	
Roads - Street Sweeping	100,000	
Roads - Striping & Traffic Markings	350,000	
Roads - Street Light Maintenance	300,000	
Roads - Sidewalk/Curb Repairs	200,000	
Roads - Signage Repair	250,000	
		
Landscape - Maintenance Contracts	1,800,000	
Landscape - Tree Trimming	300,000	
Landscape - Plant Replacement	400,000	
Landscape - Mulch & Miscellaneous	350,000	
Landscape - Storm Cleanup	400,000	
		
Lakes - Maintenance & Littorals	200,000	
Lakes - Aerators	25,000	
Lakes - Aquatic Replacements	75,000	
		
Drainage - Storm Drain Cleaning	100,000	
		
Envirornmental - Preserves Maintenance	450,000	
Envirornmental - Mosquito Control	0	
Envirornmental - Pest/Rodent Control	40,000	
		
Utilities - Irrigation Water	225,000	
Utilities - Irrigation Repair	350,000	
Utilities - Entry Feature Water	10,000	
		
Maintenance - Operations Team (8 ppl)	995,000	
Maintenance - Vehicle Lease/Fuel Repairs	60,000	
Maintenance - Entry Fountain	175,000	
Maintenance - Equipment Repair	20,000	
Maintenance - Misc. Repairs	15,000	
Maintenance - Small Tools	20,000	
		
Admin - Management Team (5 ppl)	815,000	
Admin - Assessment Roll	30,000	
Admin -Website	25,000	
Admin - Payroll	63,000	
Admin - Maintenance Technicians	0	
Admin - Office Lease	30,000	
Admin - Office Utilities	27,500	
Admin - Administrative Supplies	10,000	
Admin - Insurance	250,000	
Admin - Taxes & Licenses	1,000	
Admin - Vehicle Lease/Fuel/Repairs	0	
		
Reserves		
Contingency	75,000	
		
TOTAL EXPENDITURES	$	8,836,500	
Source: District Manager and Master Developer
1 Note build out budget reflected herein does not include the area added to the District boundary in 2023 pursuant to Chapter 2023-333, Law of Florida.

O&M Estimated Budget at Build Out Assessment Methodology

Structure

The Operations and Maintenance Budget Assessment Methodology is a two-step process. First the District Manager and Master Developer determine the costs for the District's annual O&M Budget at build out (shown in Table 2 on the previous page) of the community and provides those costs to the Consultant. Second, the Consultant determines the special and peculiar benefits that flow from the operations and maintenance services from the District's O&M Budget to the benefiting properties within the District. The Consultant then determines the special and peculiar benefits that flow to the properties and their fair and reasonable allocation. The O&M Budget assessment methodology report detailed herein provides the mechanism by which the assessments from the District's O&M Annual Estimated Budget were allocated and the special and peculiar benefits were apportioned to the benefiting properties within the District for levy and collection. The District Board of Supervisors ("Board") makes the final determinations with regard to the special and peculiar benefits and the fair and reasonable allocation of the O&M Assessments.

Assessment Allocation

The District is undertaking the responsibility of providing the O&M Budget for its master infrastructure that supports vertical development within Ave Maria. As designed, the District infrastructure is an integrated system of improvements that confer special and peculiar benefits to the lands within the District. Logically, the O&M Budget supporting the District infrastructure also confers special and peculiar benefits to the lands within the District.

The Estimated O&M Budget Assessments at Build Out

The District shall allocate the costs to provide the operations and maintenance of its master infrastructure to the Development Program. In the case of the District's First Sub-Master Final Supplemental Assessment Methodology Report adopted by the AMSCD Board of Supervisors on December 20, 2006, the primary measurement is trip generation since the Ave Maria Capital Improvement Program described in the Master Engineer's Report dated May 2, 2006, (the "Capital Improvement Program") is heavily focused on the provision of transportation infrastructure and its related uses such as the master irrigation system parallel the transportation system. In addition, the roadway water is channeled through a series of drainage structures in the roads through pipes to the water management system. The Consultant therefore utilized the same methodology with regard to assessing the O&M Budget to the benefiting properties.

The Consultant utilized trip generation figures from the most recent Institute of Transportation Engineers ("ITE") trip generation book (11th Edition) as applied to the various land categories being developed within the District as noted in Table 3 below.
Table 3. Trip Generation Rates for District Land Use Types

Number of		Trips	Total Number Percent of Product Type	Units	ITE Code  Per Unit		of Trips	Total Trips
Residential*
Residential	
10,350	
210	
9.430	
97,601	
78.26%	
Apartments	602	220	5.440	3,275	2.63%	
Middlebrook - Affordable Housing	48	230	4.810	231	0.19%	
ALF Apartments	275	254	2.020	556	0.45%	
Commercial	
Goods and Services	1,078,943	710	0.011	11,868	9.52%	
Mini Warehouse (Self Storage)	40,400	151	0.001	59	0.05%	
Light Manufacturing	711,000	140	0.005	3,377	2.71%	
Hotel	300	310	7.990	2,397	1.92%	
Institutional - AM University	2,000	550	1.560	3,120	2.50%	
Private K-12 School	900	532	2.480	2,232	1.79%	
Totals				124,715	100.00%	
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: Institute of Traffic Engineers 11th Edition

From there, the Consultant applied an internal trip generation discount that was used in the original bond issues and O&M methodology to the appropriate uses within the District where many of those trips will remain within each development node and will not have to go out to the main roadways within the District to get to services since Ave Maria is designed as a "walkable community". See Table 4 on the next page for external trip generation analysis.

(Rest of Page left intentionally blank)

Table 4. Adjusted Trip Generation Rates for District Land Use Types.

Number of		Trips	Total Number External Trip Adjusted Trips Trip Generation Product Type	Units	ITE Code Per Unit		of Trips	Generation	Generated	Allocation %
Residential*
Residential	
10,350	
210	
9.430	
97,601	
50.00%	
48,800	
85.33%	
Apartments	602	220	5.440	3,275	75.00%	819	1.43%	
Middlebrook - Affordable Housing	48	230	4.810	231	80.00%	46	0.08%	
ALF Apartments
Commercial	275	254	2.020	556	75.00%	139	0.24%	
Goods and Services	1,078,943	710	0.011	11,868	80.00%	2,374	4.15%	
Mini Warehouse (Self Storage)	40,400	151	0.001	59	50.00%	29	0.05%	
Light Manufacturing	711,000	140	0.005	3,377	5.00%	3,208	5.61%	
Hotel	300	310	7.990	2,397	70.00%	719	1.26%	
Institutional - AM University	2,000	550	1.560	3,120	84.00%	499	0.87%	
Private K-12 School	900	532	2.480	2,232	75.00%	558	0.98%	
Totals				124,715		57,192	100.00%	
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: Institute of Traffic Engineers 11th Edition and Consultant.

The Consultant calculated the percentage of trips that represent the portion of the special and peculiar benefit apportioned to the residential housing, assisted living units, apartments, the retail/entertainment/service component, professional office, light manufacturing/industrial, hotel, medical facilities, Ave Maria University and the K-12 school. The O&M Budget with and without the early payment discount was then allocated by the percentage of benefit received.

O&M Budget Allocation at Build Out
Based on the foregoing and this benefit analysis, each residential and non­ residential use that is developed within the District will have some benefit arising from the District's infrastructure and its related O&M Budget. Table 5 on the next page shows the combined O&M Budget benefit allocation at Build Out on a per unit basis for each unit within the Development Program. The table shows both the net and gross assessment per unit.

(Rest of Page left intentionally blank)

$787.57
$227.17
$160.69
$84.35

$728.50
$210.13
$148.64
$78.03

$7,539,968
$126,498
$7,135
$21,457

10,350
602
48
275

Table 5. O&M Budget Benefit Allocation per Unit at Build Out

Number of	Total Benefit	Unit NetO&M		Revised Per Unit Gross O&M Product Type	Units		Allocation		Assessment	Assessment with 4% Discount

Residential* Residential Apartments
Middlebrook - Affordable Housing ALF Apartments
Commercial
Goods and Services
Mini Warehouse (Self Storage) Light Manufacturing
Hotel
Institutional - AM University Private K-12 School

1,078,943
40,400
711,000
300
2,000
900

$0.37
$0.12
$0.75
$400.38
$41.69
$103.56

$0.34
$0.11
$0.70
$370.35
$38.56
$95.79

$366,749
$4,526
$495,718
$111,106
$77,130
$86,215

Totals	$8,836,500
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: District Manager, Master Developer and Real Estate Econometrics, Inc.

The special benefits, use and enjoyment that flow from sustained quality maintenance and operations of the District are the same for each residential parcel of property regardless of size and land use.

5.0	Establishment of a Reserve Account

The District is establishing a reserve account to fund the future replacement of various infrastructure items that are approaching the later stages of their useful life. The District is seeking to generate $2,000,000 for the account. As with the current O&M methodology described previously in this Third Revised O&M Methodology, the reserve account will be funded through additional assessments based on trip generation since the Ave Maria Capital Improvement Program is heavily focused on the provision of transportation infrastructure and its related uses such as the master irrigation system parallel the transportation system. In addition, the roadway water is channeled through a series of drainage structures in the roads through pipes to the water management system.

Previously, Table 3 and Table 4 established the method for allocating the special benefit by product type for the operations and maintenance of the District's capital assets. Using the same special benefit allocations, the Third Revised O&M Methodology determines the annual assessments for the reserve account as shown in Table 6 on the next page.

Table 6. Reserves Benefit Allocation per Unit at Build Out

Number of
Product Type	Units	Total Benefit Allocation	Per Unit Net Reserve Assessment	Per Unit Gross Reserve Assessment with 4% Discount	
Residential*
Residential	
10,350	
$1,706,551	
$164.88	
$178.25	
Apartments	602	$28,631	$47.56	$51.42	
Middlebrook - Affordable Housing	48	$1,615	$33.64	$36.37	
ALF Apartments	275	$4,856	$17.66	$19.09	
Commercial
Goods and Services	
1,078,943	
$83,008	
$0.08	
$0.08	
Mini Warehouse (Self Storage)	40,400	$1,024	$0.03	$0.03	
Light Manufacturing	711,000	$112,198	$0.16	$0.17	
Hotel	300	$25,147	$83.82	$90.62	
Institutional - AM University	2,000	$17,457	$8.73	$9.44	
Private K-12 School	900	$19,513	$21.68	$23.44	
Totals		$2,000,000			
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: District Manager, Master Developer and Real Estate Econometrics, Inc.

Consumer Price Index Multiplier

In order to allow for price increases in services and parts, the Consultant recommends that the build out budget as shown in Table 2 be adjusted by a consumer price index multiplier so that the budget keeps up with inflation and other economic adjustments.

The Consultant recommends using the United States Bureau of Labor Statistics consumer price index for Urban Wage Earners and Clerical Workers in the Southeast Region. The March year over year CPI for that category should be used as the multiplier since it will allow for the calculation of the O&M Budget prior to the next fiscal year's preliminary budget approval meeting in May/June.

Reasonable and Fair Allocation of a special and peculiar benefit and Duty to Pay

A reasonable estimate of the proportion of special and peculiar benefits received from the District's O&M Budget is expressed in Table 5 above.
The determination has been made that the duty to pay the non-ad valorem special assessments and the determined O&M Budget special and peculiar benefits are fairly and reasonably apportioned because the special and peculiar benefits to the property deriving from the O&M Budget (and the concomitant responsibility for the payment of the resultant and allocated O&M Budget) have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with each land use category.

Accordingly, no acre or parcel of property within the boundary of the District will be assessed for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property.

The per unit allocation amounts in Table 5 represent the anticipated per unit O&M allocations assuming all anticipated land uses and units are built out in the proportions planned. If the anticipated amount of land uses and units were to change, then the allocations will change accordingly.

Clarifications and Amplifications

All assessments levied run with the land. It is the responsibility of the landowner of record to make or cause to be made any required payments due. The District will not release any liens on property for which payments are due until provision for such payment has been satisfactorily made.

The owner of record at the time the annual O&M Budget assessment roll is adopted and when assessments are due will have the responsibility to make the assessment payments. In all cases, payments must be made to enable the District to meet its O&M Budget obligations.

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RESOLUTION 2024-05
[FY 20242025 BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2024/2025; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATON; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2024/2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Ave Maria Stewardship Community District (“District”) prior to July 15, 2024, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is hereby approved preliminarily.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION. A public hearing on said
approved Proposed Budget is hereby declared and set for the following date, time, and location, and District staff is directed to provide notice of the same in accordance with Florida law:
DATE:		, 2024
TIME:	9:00 A.M.
LOCATION:	Ave Maria Master Association
5080 Annunciation Circle, Suite 101 Ave Maria, Florida 34142
TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED
BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 19th DAY OF JUNE, 2024.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors
Exhibit A:	Proposed Budget

Exhibit A
Proposed Budget

Ave Maria Stewardship	
Community District	

Proposed Budget For	
Fiscal Year 2024/2025	
October 1, 2024 - September 30, 2025	

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FISCAL YEAR 2023/2024 BUDGET

TABLE OF CONTENTS

Budget Summary

Proposed Budget	3	

Detailed Proposed Budget	4	

Budget Comparison To Previous Year	5	

Debt Service

Detailed Proposed Series 2019 (refi of 2006) Debt Service Fund Budget	6	

Detailed Proposed Series 2022 (refi of 2012) Debt Service Fund Budget	7	

Detailed Proposed Series 2021 (Master) Debt Service Fund Budget	8	

Detailed Proposed Series 2023 (Master) Debt Service Fund Budget	9	

Detailed Proposed Series 2015 (Maple Ridge) Debt Service Fund Budget	10	

Detailed Proposed Series 2016 (Maple Ridge) Debt Service Fund Budget	11	

Detailed Proposed Series 2018 (Maple Ridge) Debt Service Fund Budget	12	

Detailed Proposed Series 2020 (Maple Ridge) Debt Service Fund Budget	13	

Detailed Proposed Series 2022 (Maple Ridge) Debt Service Fund Budget	14	

Detailed Proposed Series 2021 (Ave Maria National) Debt Service Fund Budget	15	

Maintenance & Assessments Breakdown

Detailed Proposed Maintenance Budget	16	

Assessment Breakdown	17	

Assessment Comparison	18	

FINAL BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

Sources	Revenue	Percentage	

Assessments	$	11,790,978	87%	
Developer Contributions	$	1,796,921	13%	
Other	$	500	0%	

13%

Assessments

Developer Contributions

87%

$	13,588,399	100%	

Total Revenue

Sources	Expenditures	Percentage	

Administrative	$	812,034	6%	
Maintenance	$	5,021,497	37%	
Debt Payments	$	6,870,544	51%	
Discounts & Fees	$	884,323	7%	

$	13,588,398	100%	

Total Expenditures

6%

6%

Administrative

37%

Maintenance

51%

Debt Payments

Discounts & Fees

DETAILED BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
O & M ASSESSMENTS	5,672,462	
DEBT ASSESSMENTS	6,118,516	
DEVELOPER CONTRIBUTION FOR O & M	586,004	
DEVELOPER CONTRIBUTION FOR DEBT	1,210,917	
OTHER REVENUES	0	
INTEREST	500	
BOND PREPAYMENTS	0	
BOND PREPAYMENTS PAID TO TRUSTEE	0	
		
TOTAL REVENUES	$	13,588,398	
		
EXPENDITURES		
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISORS FEES	9,600	
PAYROLL TAX EXPENSE	734	
ENGINEERING	90,000	
MANAGEMENT	350,000	
LEGAL	100,000	
ASSESSMENT ROLL	25,000	
AUDIT FEES	18,300	
ARBITRAGE REBATE FEE	3,900	
TRAVEL & LODGING	10,000	
INSURANCE	120,000	
LEGAL ADVERTISING	8,000	
MISCELLANEOUS	10,000	
POSTAGE	3,000	
OFFICE SUPPLIES	3,500	
RENTS & LEASES	1,000	
DUES, LICENSE, & SUBSCRIPTIONS	500	
MISCELLANEOUS FILINGS, NOTICES, ETC.	500	
WEBSITE HOSTING FEES	6,000	
TRUSTEE FEES	40,000	
CONTINUING DISCLOSURE FEE	12,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	812,034	
		
MAINTENANCE EXPENDITURES		
MAINTENANCE	5,021,497	
		
TOTAL MAINTENANCE EXPENDITURES	$	5,021,497	
		
TOTAL EXPENDITURES	$	5,833,531	
		
EXCESS OR (SHORTFALL)	$	7,754,867	
		
BOND PAYMENTS	$	(6,870,544)	
		
BALANCE	$	884,323	
		
COUNTY APPRAISER & TAX COLLECTOR COST	(412,684)	
DISCOUNTS FOR EARLY PAYMENTS	(471,639)	
		
NET EXCESS / (SHORTFALL)	$	0	

DETAILED BUDGET COMPARISON
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2022/2023	2023/2024	2024/2025		
	ACTUAL	BUDGET	BUDGET		
O & M ASSESSMENTS	2,156,850	2,786,545	5,672,462	See Detail on Page 9	
DEBT ASSESSMENTS	4,577,197	6,118,516	6,118,516	See Detail on Page 9	
DEVELOPER CONTRIBUTION FOR O & M	2,146,961	1,563,580	586,004		
DEVELOPER CONTRIBUTION FOR DEBT	1,577,362	1,210,255	1,210,917		
OTHER REVENUES / FEMA	0	0	0		
INTEREST	31,328	399	500		
BOND PREPAYMENTS	8,769	0	0		
BOND PREPAYMENTS PAID TO TRUSTEE	(8,769)	0	(0)		
					
TOTAL REVENUES	$	10,489,698	$	11,679,296	$	13,588,398		
					
EXPENDITURES					
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISORS FEES	7,600	9,600	9,600	No Change From Previous Budget	
PAYROLL TAX EXPENSE	581	734	734	Supervisor Fees * 7.65%	
ENGINEERING	90,442	85,000	90,000	$5,000 Increase From Previous Budget	
MANAGEMENT	79,662	108,000	350,000	$242,000 Increase From Previous Budget	
LEGAL	105,059	80,000	100,000	$20,000 Increase From Previous Budget	
ASSESSMENT ROLL	20,000	20,000	25,000	$5,000 Increase From Previous Budget	
AUDIT FEES	20,300	20,300	18,300	$2,000 Decrease From Previous Budget	
ARBITRAGE REBATE FEE	3,900	3,900	3,900	No Change From Previous Budget	
TRAVEL & LODGING	7,127	5,000	10,000	$5,000 Increase From Previous Budget	
INSURANCE	39,973	45,000	120,000	$75,000 Increase From Previous Budget	
LEGAL ADVERTISING	10,889	8,000	8,000	No Change From Previous Budget	
MISCELLANEOUS	945	6,000	10,000	$4,000 Increase From Previous Budget	
POSTAGE	2,939	2,000	3,000	$1,000 Increase From Previous Budget	
OFFICE SUPPLIES	5,529	3,500	3,500	No Change From Previous Budget	
RENTS & LEASES	0	0	1,000	$1,000 Increase From Previous Budget	
DUES, LICENSE, & SUBSCRIPTIONS	615	500	500	No Change From Previous Budget	
MISCELLANEOUS FILINGS, NOTICES, ETC.	0	500	500	No Change From Previous Budget	
WEBSITE HOSTING FEES	2,625	2,500	6,000	$3,500 Increase From Previous Budget	
TRUSTEE FEES	39,272	35,000	40,000	$5,000 Increase From Previous Budget	
CONTINUING DISCLOSURE FEE	9,000	12,000	12,000	No Change From Previous Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	446,459	$	447,534	$	812,034		
					
MAINTENANCE EXPENDITURES					
MAINTENANCE	3,681,170	3,694,000	5,021,497	Total Maintenance - See Detail On Page 16	
					
TOTAL MAINTENANCE EXPENDITURES	$	3,681,170	$	3,694,000	$	5,021,497		
					
TOTAL EXPENDITURES	$	4,127,629	$	4,141,534	$	5,833,531		
					
EXCESS OR (SHORTFALL)	$	6,362,069	$	7,537,762	$	7,754,867		
					
BOND PAYMENTS	(5,891,492)	$	(6,869,882)	$	(6,870,544)	2023 P & I Payments	
					
BALANCE	$	470,577	$	667,880	$	884,323		
					
COUNTY APPRAISER & TAX COLLECTOR COST	(82,581)	(311,677)	(412,684)	3.5% Of Total Roll (2% Appraiser, 1.5% Collector)	
DISCOUNTS FOR EARLY PAYMENTS	(257,356)	(356,202)	(471,639)	4% Of Total Tax Roll	
					
NET EXCESS / (SHORTFALL)	$	130,639	$	-	$	0		

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (19) (refi of 06)	31,510	500	500	
Net NAV Collection (19) (refi of 06)	1,393,004	1,368,371	1,368,371	
Developer Contribution (refi of 06)	0	0	0	
Prepaid Bonds (19) (refi of 06)	8,769	0	0	
Bond Proceeds	0	0	0	
				
Total Revenues	$	1,433,282	$	1,368,871	$	1,368,871	
				
EXPENDITURES				
Principal Payments (19) (refi of 06)	935,000	940,000	955,000	
Extraordinary Principal Pymt (19) (refi of 06)	0	-923	3,565	
Interest Payments (19) (refi of 06)	457,381	429,794	410,306	
Cost of Issuance	0			
				
Total Expenditures	$	1,392,381	$	1,368,871	$	1,368,871	
				
Net Excess/ (Shortfall)	$	40,901	$	-	$	-	

 Series 2019 Bond Information (Refi of 2006)		
Original Par Amount =	$20,310,000	Annual Principal Payments Due:	
Average Interest Rate =	2.725%	May 1st	
Issue Date =	June 2019	Annual Interest Payments Due:	
Maturity Date =	May 2038	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$17,640,000		

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2022

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (22) (refi of 12)	49,309	100	100	
Net NAV Collection (22) (refi of 12)	1,675,918	1,643,963	1,643,963	
Developer Contribution (22) (refi of 12)	0	0	0	
Prepaid Bonds (22) (refi of 12)	0	0	0	
				
Total Revenues	$	1,725,227	$	1,644,063	$	1,644,063	
				
EXPENDITURES				
Principal Payments (22) (refi of 12)	820,000	845,000	870,000	
Extraordinary Principal Pymt (22) (refi of 12)	0	3,822	3,475	
Interest Payments (22) (refi of 12)	830,963	795,241	770,588	
				
Total Expenditures	$	1,650,963	$	1,644,063	$	1,644,063	
				
Net Excess/ (Shortfall)	$	74,264	$	-	$	-	

 Series 2022 Bond Information (Refi of 2012)		
Original Par Amount =	$22,950,000	Annual Principal Payments Due:	
Average Interest Rate =	3.825%	May 1st	
Issue Date =	February 2022	Annual Interest Payments Due:	
Maturity Date =	May 2042	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$22,950,000		

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2021 (MASTER)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (21)	11,394	100	100	
Net NAV Collection (21)	116,719	640,319	640,319	
Developer Contribution (21)	320,645	0	0	
Capitalized Interest (21)	199,203	0	0	
				
Total Revenues	$	647,961	$	640,419	$	640,419	
				
EXPENDITURES				
Principal Payments (21)	240,000	250,000	255,000	
Extraordinary Principal Payments (21)	0	225	906	
Interest Payments (21)	398,406	390,194	384,513	
				
Total Expenditures	$	638,406	$	640,419	$	640,419	
				
Net Excess/ (Shortfall)	$	9,555	$	-	$	-	

 Series 2021 Bond Information				
Original Par Amount =	$11,610,000	Annual Principal Payments Due:	
Average Interest Rate =	3.691%	May 1st	
Issue Date =	August 2021	Annual Interest Payments Due:	
Maturity Date =	May 2052	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$11,610,000		

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2023 (MASTER)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (23)	3,774	100	100	
Net NAV Collection (23)	0	339,521	339,521	
Developer Contribution (23)	0	942,617	944,454	
Capitalized Interest (23)	0	0	0	
				
Total Revenues	$	3,774	$	1,282,238	$	1,284,075	
				
EXPENDITURES				
Principal Payments (23)	0	285,000	300,000	
Extraordinary Principal Payments (23)	0	0	0	
Interest Payments (23)	0	997,238	984,075	
				
Total Expenditures	$	-	$	1,282,238	$	1,284,075	
				
Net Excess/ (Shortfall)	$	3,774	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through 11-1-2023

 Series 2023 Bond Information				
Original Par Amount =	$19,150,000	Annual Principal Payments Due:	
Average Interest Rate =	5.384%	May 1st	
Issue Date =	8/2023	Annual Interest Payments Due:	
Maturity Date =	5/2053	May 1st & November 1st	
Par Amount As Of 8/3/23 =	$19,150,000		

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2015 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (15)	10,507	100	100	
Net NAV Collection (15)	166,831	163,890	163,890	
Developer Contribution (15)	0	0	0	
Prepaid Bonds (15)	0	0	0	
				
Total Revenues	$	177,338	$	163,990	$	163,990	
				
EXPENDITURES				
Principal Payments (15)	50,000	55,000	55,000	
Extraordinary Principal Payments (15)	0	-935	1,815	
Interest Payments (15)	113,800	109,925	107,175	
				
Total Expenditures	$	163,800	$	163,990	$	163,990	
				
Net Excess/ (Shortfall)	$	13,538	$	-	$	-	

Series 2015 Bond (Maple Ridge) Information	
Original Par Amount =	$2,530,000	Annual Principal Payments Due:	
Interest Rate =	5.0% - 5.375%	May 1st	
Issue Date =	February 2015	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$2,150,000		

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (16)	10,422	100	100	
Net NAV Collection (16)	230,899	226,663	226,663	
Developer Contribution (16)	0	0	0	
Prepaid Bonds (16)	0	0	0	
				
Total Revenues	$	241,322	$	226,763	$	226,763	
				
EXPENDITURES				
Principal Payments (16)	60,000	65,000	70,000	
Extraordinary Principal Payments (16)	0	2,819	1,363	
Interest Payments (16)	163,800	158,944	155,400	
	.			
Total Expenditures	$	223,800	$	226,763	$	226,763	
				
Net Excess/ (Shortfall)	$	17,522	$	-	$	-	

Series 2016 Bond (Maple Ridge) Information	
Original Par Amount =	$3,390,000	Annual Principal Payments Due:	
Interest Rate =	5.250%	May 1st	
Issue Date =	October 2016	Annual Interest Payments Due:	
Maturity Date =	May 2047	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$3,120,000		

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (18)	6,103	100	100	
Net NAV Collection (18)	258,810	253,748	253,748	
Developer Contribution (18)	0	0	0	
Prepaid Bonds (18)	0	0	0	
				
Total Revenues	$	264,913	$	253,848	$	253,848	
				
EXPENDITURES				
Principal Payments (18)	65,000	65,000	70,000	
Extraordinary Principal Payments (18)	0	3,675	2,683	
Interest Payments (18)	189,950	185,173	181,165	
				
Total Expenditures	$	254,950	$	253,848	$	253,848	
				
Net Excess/ (Shortfall)	$	9,963	$	-	$	-	

Series 2018 Bond (Maple Ridge) Information	
Original Par Amount =	$4,000,000	Annual Principal Payments Due:	
Interest Rate =	4.9% - 5.375%	May 1st	
Issue Date =	June 2018	Annual Interest Payments Due:	
Maturity Date =	May 2049	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$3,595,000		

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2020 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (20)	4,592	100	100	
Net NAV Collection (20)	211,869	207,616	207,616	
Developer Contribution (20)	0	0	0	
Capitalized Interest	0	0	0	
				
Total Revenues	$	216,461	$	207,716	$	207,716	
				
EXPENDITURES				
Principal Payments (20)	60,000	60,000	65,000	
Extraordinary Principal Payments (20)	0	4,283	1,659	
Interest Payments (20)	146,853	143,433	141,058	
				
Total Expenditures	$	206,853	$	207,716	$	207,716	
				
Net Excess/ (Shortfall)	$	9,609	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through November 1, 2022

Series 2020 Bond (Maple Ridge) Information	
Original Par Amount =	$3,440,000	Annual Principal Payments Due:	
Interest Rate =	3.8% - 4.45%	May 1st	
Issue Date =	July 2020	Annual Interest Payments Due:	
Maturity Date =	May 2052	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$3,440,000		

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2022 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (22)	779	100	100	
Net NAV Collection (22)	71,681	444,361	444,361	
Developer Contribution (22)	221,712	0	0	
Capitalized Interest	148,423	0	0	
				
Total Revenues	$	442,594	$	444,461	$	444,461	
				
EXPENDITURES				
Principal Payments (22)	145,000	150,000	155,000	
Extraordinary Principal Payments (22)	0	4,216	3,791	
Interest Payments (22)	296,845	290,245	285,670	
				
Total Expenditures	$	441,845	$	444,461	$	444,461	
				
Net Excess/ (Shortfall)	$	749	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through November 1, 2022

Series 2022 Bond (Maple Ridge) Information	
Original Par Amount =	$7,775,000	Annual Principal Payments Due:	
Average Interest Rate =	3.00% - 4.00%	May 1st	
Issue Date =	February 2022	Annual Interest Payments Due:	
Maturity Date =	May 2052	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$7,775,000		

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2021 (AVE MARIA NATIONAL)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
Interest Income (21)	12,093	0	0	
Net NAV Collection (21)	188,399	373,327	373,327	
Developer Contribution (21)	250,106	264,186	263,011	
Capitalized Interest	0	0	0	
				
Total Revenues	$	450,598	$	637,513	$	636,338	
				
EXPENDITURES				
Principal Payments (21)	230,000	235,000	240,000	
Extraordinary Principal Payments (21)	0	0	0	
Interest Payments (21)	411,548	402,513	396,338	
				
Total Expenditures	$	641,548	$	637,513	$	636,338	
				
Net Excess/ (Shortfall)	$	(190,949)	$	-	$	-	

Series 2021 Bond (Ave Maria National) Information	
Original Par Amount =	$11,340,000	Annual Principal Payments Due:	
Interest Rate =	2.6% - 4.0%	May 1st	
Issue Date =	March 2021	Annual Interest Payments Due:	
Maturity Date =	May 2051	May 1st & November 1st	
Par Amount As Of 1/1/23 =	$11,115,000		

DETAILED MAINTENANCE BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022	2023/2024	2024/2025	
	ACTUAL	BUDGET	BUDGET	
MAINTENANCE EXPENDITURES				
				
IRRIGATION REPAIR	175,095	110,000	205,000	
MISCELLANEOUS MAINTENANCE	112,104	50,000	75,000	
PRESSURE WASHING	0	50,000	60,000	
ELECTRIC (STREETLIGHTS, LANDSCAPE)	117,030	89,250	150,000	
STREET SWEEPING	0	1,050	30,000	
STRIPING & TRAFFIC MARKINGS	187,838	150,000	250,000	
STREET LIGHT MAINTENANCE	151,267	120,000	140,000	
SIDEWALK / CURB REPAIRS	175,850	157,500	200,000	
LANDSCAPE MAINT / ENHANCE (ROADWAY, ENTRIES):	0	31,500	0	
MAINTENANCE CONTRACTS	716,727	715,000	729,793	
TREE TRIMMING	123,463	153,300	160,000	
STORM CLEANUP	0	60,000	60,000	
STORM CLEANUP - ELECTRIC	0	26,250	26,250	
STORM CLEANUP - LANDSCAPING	61,420	26,250	26,250	
PLANT REPLACEMENT	182,816	100,000	200,000	
MULCH & MISCELLANEOUS	182,661	147,000	150,000	
WATER MANAGEMENT & DRAINAGE	3,600	4,200	0	
ENTRY FEATURE WATER	7,363	4,725	5,500	
IRRIGATION WATER	115,065	89,250	93,713	
FOUNTAIN MAINTENANCE	78,836	50,000	50,000	
RODENT / PEST CONTROL	15,900	8,400	25,000	
EQUIPMENT REPAIR	2,308	8,400	8,400	
SIGNAGE REPAIR	32,990	15,750	20,000	
STORM DRAIN CLEANING	34,779	52,500	52,500	
DRAINAGE / LAKE MAINTENANCE/ LITTORALS	53,512	78,750	81,113	
AERATORS	0	2,100	2,100	
PRESERVE MAINTENANCE	90,862	63,000	64,890	
SMALL TOOLS	11,001	3,675	7,500	
MISCELLANEOUS MAINTENANCE REPAIR	26,186	30,000	30,000	
VEHICLE LEASE / FUEL / REPAIRS (MAINT TECH)	23,139	21,000	35,000	
MOSQUITO CONTROL	358,833	525,000	0	
TEMP FIRE FACILITY OPERATING COSTS	80,000	9,650	0	
MAINTENANCE TECHNICIANS	33,749	0	0	
BASE MANAGEMENT FEE	21,483	23,000	23,000	
ADMIN PAYROLL	43,860	0	0	
ASSET MANAGER	56,470	75,000	139,000	
LANDSCAPING PH 2 CAPITAL PROJECT	195,294	0	0	
OPERATIONS TEAM	69,377	600,000	500,000	
PUBLIC SAFTEY PROJECTS	0	0	250,000	
CAPITAL ASSET PURCHASE	102,692	0	110,000	
TOTAL MAINTENANCE EXPENDITURES	$	3,643,570	$	3,651,500	$	3,960,009	
				
RESERVE FUND	27,500	27,500	1,046,488	
CONTINGENCY FUND	10,100	15,000	15,000	
				
TOTAL	$	3,681,170	$	3,694,000	$	5,021,497	

	

	

Ave Maria Stewardship Community District Assessment Breakdown - Fiscal Year 2024-2025

O&M Assessments*	

Number of Total			

Category Total	
	Units Platted for		Per Unit Operation	Operation &	
	Fiscal Year 2021-		& Maintenance	Maintenance	
		2022			  Assessment 	  Assessment 	
	Residential				Per				
Multi Family / Attached	608	Unit	$	965.82	$  587,218.56	
Single Family / Detached	4,635	Unit	$	965.82	$ 4,476,575.70	

	Other Uses			
	Per				
ALF Apartments	0	Unit	$	103.44	$	-	
Apartments	0	Unit	$	278.59	$	-	
MB Low Affordable Housing	48	Unit	$	197.06	$	9,458.88	
Goods and Services	202,875	Sq. Ft.	$	0.45	$	91,293.75	
Mini Warehouse (Self Storage)	50,440	Sq. Ft.	$	0.15	$	7,566.00	
Light Manufacturing	416,961	Sq. Ft.	$	0.92	$  383,604.12	
Hotel	0	Room	$	491.00	$	-	
Institutional - AM University	1,250	Student	$	51.13	$	63,912.50	
Private K-12 School	416	Student	$	127.00	$	52,832.00	
Total				$ 5,672,461.51	

$	787.57	
$	787.57	

$	178.25	
$	178.25	

$	965.82	
$	965.82	

0.00%	
0.00%	

$	-	
$	-	

$	-	
$	-	

$	787.57	
$	787.57	

$	178.25	
$	178.25	

$	965.82	
$	965.82	

	

	

	

Year End March
Total O&M +	2024 CPI Rate - No	New Total O&M +
O&M Assessment	Reserve	Reserve	CPI Increase in	Amount of O&M	Amount of Reserve New O&M	New Reserve	Reserve Before CPI	Assessment Before Assessment Before Year 1 of New	Assessment	Assessment	Assessment	Assessment	Assessment Adjustment	CPI Adjustment	CPI Adjustment	Methodology	Increase due to CPI Increase due to CPI Amount	Amount	Amount	

$	84.35	

$	19.09	

$	103.44	

0.00%	

$	-	$	-	$	84.35	

$	19.09	

$	103.44	
$	227.17	$	51.42	$	278.59	0.00%	$	-	$	-	$	227.17	$	51.42	$	278.59	
$	160.69	$	36.37	$	197.06	0.00%	$	-	$	-	$	160.69	$	36.37	$	197.06	
$	0.37	$	0.08	$	0.45	0.00%	$	-	$	-	$	0.37	$	0.08	$	0.45	
$	0.12	$	0.03	$	0.15	0.00%	$	-	$	-	$	0.12	$	0.03	$	0.15	
$	0.75	$	0.17	$	0.92	0.00%	$	-	$	-	$	0.75	$	0.17	$	0.92	
$	400.38	$	90.62	$	491.00	0.00%	$	-	$	-	$	400.38	$	90.62	$	491.00	
$	41.69	$	9.44	$	51.13	0.00%	$	-	$	-	$	41.69	$	9.44	$	51.13	
$	103.56	$	23.44	$	127.00	0.00%	$	-	$	-	$	103.56	$	23.44	$	127.00	

Automatic CPI Increase Calculation

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

Debt Assessments *	
	Gross Units Platted		Units Prepaid	Net Units Assessed	Series 2019 Bonds	Series 2022 Bonds	Series 2021 Bonds	Series 2023 Bonds	Series 2015 MR Bonds	Series 2016 MR Bonds	Series 2018 MR Bonds	Series 2020 MR Bonds	Series 2021 AMN Bonds	Series 2022 MR Bonds	Total Debt Assessment Per
Unit	Total Debt Assessment On
Roll	
Multi Family					
	166		(1)	165	$	403.00										$	403.00	66,495.00	
	92			92		$	495.00									$	495.00	45,540.00	
16 Unit Ver / 30 Unit Ter	46			46		$	495.00							$	455.46		$	950.46	43,721.16	
	40			40			$	449.15								$	449.15	17,966.00	
Coach / 12 Unit Ver	40			40			$	449.15						$	530.29		$	979.44	39,177.60	
16 Unit Ver / 30 Unit Ter	92			92			$	449.15						$	455.46		$	904.61	83,224.12	
	8			8				$	532.19							$	532.19	4,257.52	
Coach / 12 Unit Ver	48			48				$	532.19					$	530.29		$	1,062.48	50,999.04	
16 Unit Ver / 30 Unit Ter	76			76				$	532.19					$	455.46		$	987.65	75,061.40	
Single Family																	
	1167		(14)	1153	$	775.00										$	775.00	893,575.00	
	394			394	$	775.00				$	449.69						$	1,224.69	482,527.86	
	270			270	$	775.00					$	673.19					$	1,448.19	391,011.30	
	3			3	$	775.00						$	667.45				$	1,442.45	4,327.35	
	631		(2)	629		$	951.00									$	951.00	598,179.00	
	94			94		$	951.00				$	673.19					$	1,624.19	152,673.86	
	408			408		$	951.00					$	667.45				$	1,618.45	660,327.60	
	335			335		$	951.00						$	670.00			$	1,621.00	543,035.00	
	218			218		$	951.00							$	667.00		$	1,618.00	352,724.00	
	113			113		$	951.00								$	670.00	$	1,621.00	183,173.00	
	227			227			$	863.74								$	863.74	196,068.98	
	314			314			$	863.74							$	670.00	$	1,533.74	481,594.36	
	171			171			$	863.74						$	667.00		$	1,530.74	261,756.54	
	0			0				$	1,023.45							$	1,023.45	0.00	
	290		
	290				$	1,023.45						$	670.00	$	1,693.45	491,100.50	
Total	5,243		(17)	5,226												6,118,516.19	

*	 All Assessments Include the Following :		
	4% Discount for Early Payments	
	1.5% County Tax Collector Administrative Cost	
	2% County Property Appraiser Administrative Cost	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

Page 17

2019	
2022	
2022 + 2021 AMN	
2021	
2021 + 2021 AMN	
2021 + 2021 AMN	
2023	
2023 + 2021 AMN	
2023 + 2021 AMN	
2019	
2019 + 2015 MR	
2019 + 2016 MR	
2019 + 2018 MR	
2022	
2022 + 2016 MR	
2022 + 2018 MR	
2022 + 2020 MR	
2022 + 2021 AMN	
2022 + 2022 MR	
2021	
2021 + 2022 MR	
2021 + 2021 AMN	
2023	
2023 + 2022 MR	

Ave Maria Stewardship Community District Debt Assessment Comparison 2024-2025

FY 2023-2024	FY 2024-2025	Change -
Number of	Per Unit	Per Unit	Increase /
	Type	   Bonds Series   Platted Units   Assessment   Assessment    (Decrease) 	

Multi Family	
166	
$883.88	
$1,368.82	
$484.94	
	92	$975.88	$1,460.82	$484.94	
	46	$1,431.34	$1,916.28	$484.94	
	40	$930.03	$1,414.97	$484.94	
	40	$1,460.32	$1,945.26	$484.94	
	92	$1,385.49	$1,870.43	$484.94	
	8	$1,013.07	$1,498.01	$484.94	
	48	$1,543.36	$2,028.30	$484.94	
	76	$1,468.53	$1,953.47	$484.94	
Single Family	1,167	$1,255.88	$1,740.82	$484.94	
	394	$1,705.57	$2,190.51	$484.94	
	270	$1,929.07	$2,414.01	$484.94	
	3	$1,923.33	$2,408.27	$484.94	
	631	$1,431.88	$1,916.82	$484.94	
	94	$2,105.07	$2,590.01	$484.94	
	408	$2,099.33	$2,584.27	$484.94	
	335	$2,101.88	$2,586.82	$484.94	
	218	$2,098.88	$2,583.82	$484.94	
	113	$2,101.88	$2,586.82	$484.94	
	227	$1,344.62	$1,829.56	$484.94	
	314	$2,014.62	$2,499.56	$484.94	
	171	$2,011.62	$2,496.56	$484.94	
	0	$1,504.33	$1,989.27	$484.94	
	290	$2,174.33	$2,659.27	$484.94	
ALF Apartments	0	$31.37	$103.44	$72.07	
Apartments	0	$113.68	$278.59	$164.91	
Low Affordable Housing	48	$72.19	$197.06	$124.87	
Goods and Services (sqft)	202,875	$0.55	$0.45	($0.10)	
Mini Warehouse (Self Storage) (sqft)	50,440	$0.35	$0.15	($0.20)	
Light Manufacturing (sqft)	416,961	$0.23	$0.92	$0.69	
Hotel (rooms)	0	$406.02	$491.00	$84.98	
Institutional - AM University (students)	1,250	$24.65	$51.13	$26.48	
Private K-12 School (students)	416	$38.51	$127.00	$88.49	

Assessments Include the Following :	
4% Discount for Early Payments	
1.5% County Tax Collector Administrative Cost	
2% County Property Appraiser Administrative Cost	

Page 18

RESOLUTION NO. 2024-06

A RESOLUTION OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT ADOPTING A PROPOSED FISCAL YEAR 2024/2025 BUDGET FOR THE MASTER IRRIGATION UTILITY SYSTEM

WHEREAS, the Board of Supervisors of the Ave Maria Stewardship Community District (hereinafter called District) is empowered to charge customers for irrigation water from the District-Owned Master Irrigation Utility System; and,

WHEREAS, the District Manager has prepared a proposed fiscal year 2024/2025 budget for the Master Irrigation Utility System.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT THAT:

Section 1.	The Proposed Budget for Fiscal Year 2024/2025 for the District’s Master Irrigation Utility System is attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 19th day of June, 2024.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Ave Maria Master Irrigation Utility

Proposed Budget For	
Fiscal Year 2024/2025	
October 1, 2024 - September 30, 2025	

PROPOSED AVE MARIA MASTER IRRIGATION UTILITY BUDGET AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2022/2023	2023/2024	2024/2025		
	ACTUAL	BUDGET	BUDGET		

AMUC Revenue (Irrigation)	
1,482,017	
1,241,132	
1,760,626	
Irrigation	

Developer Contribution	
326,940	
375,971	
238,939	
Developer Contribution	

Connection Fees	
0	
7,180	
2,700	
Connection Fees	

Installations	
0	
148,967	
141,738	
Installations	

Miscellaneous / Carryover Revenue	
0	
9,180	
10,416	
Miscellaneous Revenue	

Peninsula True-Up Of Expenditures	
18,379	
0	
0	
Estimate Of True-Up Of Expenditures	

Total Revenues	
$	1,827,336	
$	1,782,430	
$	2,154,419		

EXPENDITURES					

Management Fee	
152,205	
153,680	
250,247	
Estimate of $12,806.7 per Month	

Electricity	
157,352	
243,812	
259,394	
Electricity	

Labor & Benefits	
401,587	
427,906	
590,163	
Labor & Benefits	

Chemicals	
1,500	
1,500	
1,500	
Chemicals	

Repairs & Maintenance	
157,640	
157,240	
167,565	
Repairs & Maintenance	

Testing	
1,200	
2,000	
1,500	
Testing	

Sludge Disposal	
0	
0	
0	
Sludge Disposal	

Plan Review	
0	
0	
0	
Plan Review	

Meter Purchase	
236,351	
159,700	
225,620	
Meter Purchase	

Meter Installation	
13,892	
6,785	
9,971	
Meter Installation	

Other Direct Costs	
248,120	
230,500	
216,330	
Other Direct Costs	

Administration Fee	
8,000	
8,000	
12,000		

AMUC Bulk Water Charge	
397,019	
391,306	
420,129	
Estimate of $37,572 per Month	

Other Expenses	
0	
0	
0		

Total Expenditures	
$	1,774,866	
$	1,782,430	
$	2,154,419		

Excess / (Shortfall)	
$	52,470	
$	-	
$	-		

RESOLUTION 2024-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, Ave Maria Stewardship Community District (“District”) is a local unit of special- purpose government created and existing pursuant to Chapter 2004-461, Laws of Florida, being situated entirely within Collier County, Florida; and

WHEREAS, the District’s Board of Supervisors (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Chapter 2004-461(4), Laws of Florida.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS. The Board is currently
made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Thomas Peek	2024	
2	Jeff Sonalia	2024	
3	Robb Klucik	2026	
4	Jay Roth	2026	
5	Thomas DiFlorio	2026	

This year, Seat 1, currently held by Tom Peek and Seat 2, currently held by Jeff Sonalia, are subject to a landowner election. The term of office for the successful landowner candidate shall commence upon election, and shall be for a four-year period.
LANDOWNER’S ELECTION. In accordance with Chapter 2004-461(4), Laws of Florida, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on November 5, 2024, at	:00  .m., and located at Ave Maria Master Association (Office/Fitness Center), 5080 Annunciation Circle, Unit 101, Ave Maria, Florida 34142.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Chapter 2004-461(4), Laws of Florida.
FORMS. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the District’s Local Records Office,

located at 	, or at the office of the District Manager, Special District Services, Inc., located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 19th DAY OF June 2024.

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

ATTEST:	CHAIRPERSON / VICE CHAIRPERSON

SECRETARY / ASSISTANT SECRETARY

EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
Notice is hereby given to the public and all landowners within Ave Maria Stewardship Community District (“District”) the location of which is located in Collier County, Florida, advising that a meeting of landowners will be held for the purpose of electing two (2) persons to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE:	November 5, 2024
TIME:		:00 	M
PLACE:	Ave Maria Master Association (Office/Fitness Center) 5080 Annunciation Circle, Unit 101
Ave Maria, Florida 34142
Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, Ph: (561) 630-4922 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.
A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

Andrew Karmeris District Manager
Run Date(s): 	& 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS’ MEETING: November 5, 2024

TIME: :00 	.M.

LOCATION:	Ave Maria Master Association (Office/Fitness Center) 5080 Annunciation Circle, Unit 101
Ave Maria, Florida 34142

Pursuant to Chapter 2004-461, Laws of Florida, after the Ave Maria Stewardship Community District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Chapter 2004-461(4), Laws of Florida
A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.
This year, one (1) seat on the Board will be up for election in a landowner seat for a four-year period. The term of office for the successful landowner candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

LANDOWNER PROXY
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
COLLIER COUNTY, FLORIDA LANDOWNERS’ MEETING – NOVEMBER 5, 2024
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Ave Maria Stewardship Community District to be held at Ave Maria Master Association (Office/Fitness Center), 5080 Annunciation Circle, Unit 101, Ave Maria, Florida 34142 on November 5, 2024 at :00   .m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Chapter 2004-461(4), Laws of Florida, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.
If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT COLLIER COUNTY, FLORIDA
LANDOWNERS’ MEETING - NOVEMBER 5, 2024

For Election (2 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Ave Maria Stewardship Community District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or
Attach Proxy.

I,		,	as	Landowner,	or	as	the	proxy	holder	of
	(Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
1			
2			

Date: 		Signed: 	
Printed Name: 	

RESOLUTION 2024-08
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT DIRECTING THE DISTRICT MANAGER APPOINT ADDITIONAL SIGNATORIES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Ave Maria Stewardship Community District (“District”) is a local unit of special- purpose government created and existing pursuant to Chapter 2004-461, Laws of Florida; and

WHEREAS, the District’s Board of Supervisors desires to designate additional signors of the District to ensure continued operations and maintenance requirements are met and in addition to the District Chair, Vice-Chair, Secretary, Assistant-Secretaries and Treasurer wish to appoint Allyson Holland , Andrew Karmeris and Donny Diaz as signors on behalf of the District in coordination with authority granted in Resolution 2024-04 or any other resolution or authorization given by the Board .

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT THAT:
DESIGNATING AUTHORIZED SIGNATORIES. in addition to the District Chair, Vice-Chair, Secretary, Assistant-Secretaries and Treasurer, Allyson Holland, Andrew Karmeris and Donny Diaz shall be approved signatories of the District and authorized to execute items in coordination with authority granted in Resolution 2024-04 or any other resolution or authorization given by the Board.

EFFECTIVE DATE. This Resolution shall take effect upon its passage and shall remain in effect unless rescinded or repealed.
PASSED AND ADOPTED this 19th day of June, 2024.
ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson, Board of Supervisors

Ave Maria Stewardship Community District
Budget vs Actual
October 2023 through April 2024

	Oct 23 - Apr 24		23/24 Budget		$ Over Budget		% of Budget	
Expenditures								
01-1130 • Payroll Tax Expense	351.90		734.00		-382.10		47.94%	
01-1131 • Supervisor Fees	4,600.00		9,600.00		-5,000.00		47.92%	
01-1310 • Engineering	36,223.00		85,000.00		-48,777.00		42.62%	
01-1311 • Management Fees	63,000.00		108,000.00		-45,000.00		58.33%	
01-1313 • Website Management	1,750.00		2,500.00		-750.00		70.0%	
01-1315 • Legal Fees	46,609.13		80,000.00		-33,390.87		58.26%	
01-1320 • Audit Fees	0.00		20,300.00		-20,300.00		0.0%	
01-1330 • Arbitrage Rebate Fee	2,600.00		3,900.00		-1,300.00		66.67%	
01-1441 • Travel & Lodging	11,848.23		5,000.00		6,848.23		236.97%	
01-1450 • Insurance	107,697.00		45,000.00		62,697.00		239.33%	
01-1480 • Legal Advertisements	3,888.64		8,000.00		-4,111.36		48.61%	
01-1512 • Miscellaneous	6,619.22		6,000.00		619.22		110.32%	
01-1513 • Postage and Delivery	942.52		2,000.00		-1,057.48		47.13%	
01-1514 • Office Supplies	2,071.60		3,500.00		-1,428.40		59.19%	
01-1540 • Dues, License & Subscriptions	175.00		500.00		-325.00		35.0%	
01-1541 • Misc Filing, Notices, etc.	0.00		500.00		-500.00		0.0%	
01-1733 • Trustee Fees	20,191.13		35,000.00		-14,808.87		57.69%	
01-1734 • Continuing Disclosure Fee	10,000.00		12,000.00		-2,000.00		83.33%	
01-1735 • Assessment Roll	0.00		20,000.00		-20,000.00		0.0%	
01-1801 • Landscaping - Miscellaneous	71,914.91		31,500.00		40,414.91		228.3%	
01-1808 • Irrigation Repair	227,679.19		110,000.00		117,679.19		206.98%	
01-1813 • Storm Cleanup - Electric	0.00		26,250.00		-26,250.00		0.0%	
01-1814 • Storm Cleanup	0.00		60,000.00		-60,000.00		0.0%	
01-1815 • Miscellaneous Maintenance	11,691.56		50,000.00		-38,308.44		23.38%	
01-1816 • Electric-Streetlights,Landscape	65,567.36		89,250.00		-23,682.64		73.47%	
01-1817 • Maintenance Street Sweeping	0.00		1,050.00		-1,050.00		0.0%	
01-1818 • Striping & Traffic Markings	28,262.17		150,000.00		-121,737.83		18.84%	
01-1819 • Street Light Maintenance	89,848.58		120,000.00		-30,151.42		74.87%	
01-1820 • Maint Sidewalk/Curb Repairs	181,786.01		157,500.00		24,286.01		115.42%	
01-1830 • Maintenance Contracts	412,941.69		715,000.00		-302,058.31		57.75%	

Ave Maria Stewardship Community District
Budget vs Actual
October 2023 through April 2024

	Oct 23 - Apr 24		23/24 Budget		$ Over Budget		% of Budget	
01-1831 • Tree Trimming	0.00		153,300.00		-153,300.00		0.0%	
01-1832 • Storm Cleanup - Landscaping	0.00		26,250.00		-26,250.00		0.0%	
01-1833 • Plant Replacement	162,107.92		100,000.00		62,107.92		162.11%	
01-1834 • Mulch	107,367.20		147,000.00		-39,632.80		73.04%	
01-1838 • Water Management & Drain	3,700.00		4,200.00		-500.00		88.1%	
01-1839 • Entry Feature/Near Well Water	4,264.69		4,725.00		-460.31		90.26%	
01-1841 • Maintenance Irrigation Water	63,525.26		89,250.00		-25,724.74		71.18%	
01-1842 • Maint Fountain/Repair	62,331.53		50,000.00		12,331.53		124.66%	
01-1843 • Maintenance Rodent Control	17,740.00		8,400.00		9,340.00		211.19%	
01-1844 • Maint Equipment Repair	0.00		8,400.00		-8,400.00		0.0%	
01-1845 • Maint Signage Repair	0.00		15,750.00		-15,750.00		0.0%	
01-1846 • Maint Storm Drain Cleaning	0.00		52,500.00		-52,500.00		0.0%	
01-1847 • Mnt Drainage/Lke Mnt/Littorals	23,732.00		78,750.00		-55,018.00		30.14%	
01-1848 • Maintenance Aerators	0.00		2,100.00		-2,100.00		0.0%	
01-1850 • Maint-Preserve Maintenance	79,103.50		63,000.00		16,103.50		125.56%	
01-1853 • Maintenance Small Tools	4,890.28		3,675.00		1,215.28		133.07%	
01-1854 • Maint Miscellaneous Repairs	146.55		30,000.00		-29,853.45		0.49%	
01-1855 • Maint Vehicle Lease/Fuel/Repair	2,049.02		21,000.00		-18,950.98		9.76%	
01-1856 • Maint Mosquito Control	559,840.32		525,000.00		34,840.32		106.64%	
01-1858 • Maint Temp EMS/Fire Facility	9,643.00		9,650.00		-7.00		99.93%	
01-1859 • Maint-Administrative Supplies	700.00		0.00		700.00		100.0%	
01-1863 • Maint Base Management Fee	11,806.47		23,000.00		-11,193.53		51.33%	
01-1864 • Maintenance Admin Payroll	2,851.64		0.00		2,851.64		100.0%	
01-1867 • Asset Manager	42,219.31		75,000.00		-32,780.69		56.29%	
01-1869 • Field Operations	325,866.80		600,000.00		-274,133.20		54.31%	
01-1871 • Verizon - Internet	685.84		0.00		685.84		100.0%	
01-1872 • Pressure Washing	40,028.57		50,000.00		-9,971.43		80.06%	
01-1890 • Maint-Reserve Fund	0.00		27,500.00		-27,500.00		0.0%	
01-1891 • Maint Contingency	5,175.00		15,000.00		-9,825.00		34.5%	
Total Expenditures	2,938,033.74		4,141,534.00		-1,203,500.26		70.94%