AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING MARCH 4, 2025
6:00 P.M.

Ave Maria Master Association, 5080 Annunciation Circle, Suite 101 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 REGULAR BOARD MEETING
March 4, 2025
6:00 p.m.
Ave Maria Master Association 5080 Annunciation Circle, Suite 101
Ave Maria, Florida 34142
TO JOIN VIA ZOOM: https://us02web.zoom.us/j/84779450200 MEETING ID: 847 7945 0200 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
Approval of Minutes
February 4, 2025 Regular Board Meeting Minutes	Page 2
Old Business
AMSCD Projects Update…	Page 9
Goals and Objectives Update…	Page 10
New Business
Reserve Study Update…	Page 14
Consider Approval of Letter Agreement Requesting Land Swap between the District and Ave Maria
Development, LLLP…	Page 80
Consider Approval of Change Order #5 to Earth Tech Enterprises, Inc. for Improvements in Conjunction
with the Anthem Parkway Phase 5A Project	Page 85
Discussion Regarding Crosswalk Enhancements at Ave Maria Blvd. & Bellerawalk Blvd.	Page 92
Consider Approval of the Ave Maria Stewardship Community District Office Space with Ave Maria
Development	Page 94
Administrative Matters
Legal Report
Engineer Report
Manager’s Report
Financials…	Page 97
Final Public Comments
Board Member Comments
Adjourn

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

Publication Date 2025-02-21

Subcategory Miscellaneous Notices

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT NOTICE OF REGULAR BOARD MEETING
The Board of Supervisors (the Board) of the Ave Maria Stewardship Community District (the District) will hold a Regular Board Meeting (Meeting) at 6:00 p.m. on March 4, 2025, in the Ave Maria Master Association located at 5080 Annunciation Circle, Suite 101, Ave Maria, Florida 34142. The Meeting will also be available for viewing utilizing communications media technology (Virtual Attendance) through the following login information, however public comment will only be available to those participating in person. The Zoom link below will allow for up to 1,000 individuals to view the meeting and all requests for public comment participation via Zoom must submitted by 5 p.m. March 3, 2025, 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. Virtual Attendance is offered for convenience only and in the event there are interruptions in internet service or other technical difficulties the Meeting will continue at the physical location regardless of availability of the Virtual Attendance option.
Join by URL for VIDEO ACCESS at: https://us02web.zoom.us/j/84779450200 Meeting ID: 847 7945 0200
Join by PHONE at: 1-929-436-2866 Meeting ID: 847 7945 0200
The purpose of the Meeting is for the Board to address 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 Road, Palm Beach Gardens, Florida 33410 (561) 630-4922, during normal business hours, or by visiting the Districts website at www.avemariastewardshipcd.org seven (7) days prior to the meeting date.
The meeting is open to the public and will 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 may be occasions when Board Supervisors or District Staff may participate by speaker telephone or other communications media technology.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)/1-800-955-8770 (Voice), for aid in contacting the District Managers office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered 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 proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
www.avemariastewardshipcd.org 2/21/25 #11045383

Page 1

MEETING MINUTES
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT REGULAR BOARD MEETING
February 4, 2025
4:00 p.m.
Ave Maria Master Association 5080 Annunciation Circle, Suite 101
Ave Maria, Florida 34142
TO JOIN VIA ZOOM: https://us02web.zoom.us/j/84779450200 MEETING ID: 847 7945 0200 DIAL IN AT: 1-929-436-2866

Call to Order
The February 4, 2025, Regular Board Meeting of the Ave Maria Stewardship Community District (the “District”) was called to order at 4:02 p.m. at the Ave Maria Master Association located at 5080 Annunciation Circle, Suite 101, Ave Maria, Florida 34142. The meeting was also available via the Zoom information indicated above.

Pledge of Allegiance
Invocation
Supervisor 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 January 27, 2025, as legally required.
Establish a Quorum
A quorum was established with the following:
Board of Supervisors
Seat No. 1: Supervisor	Nick Casalanguida	Present	
Seat No. 2: Supervisor	Naomi Robertson	Present	
Seat No. 3: Supervisor	Robb Klucik	Present	
Seat No. 4: Chairman	Jay Roth	Present	
Seat No. 5: Vice Chairman	Tom DiFlorio	Present	

District Staff in attendance were:

District Manager	Allyson Holland	Special District Services, Inc.	
District Manager	Andrew Karmeris (via Zoom)	Special District Services, Inc.	
General Counsel	Alyssa Willson (via Zoom)	Kutak Rock, LLP	
District Engineer	Ted Tryka	LJA Engineering, Inc.	
Owner Representative	David Genson (via Zoom)	Barron Collier Companies	

Also present were the following:
Donny Diaz, Michael Campbell, Roger Echols, Corporal Lee VanGelder, Seargent Michael Sweeley, Jenna Buzzaco-Foerster, Commissioner Bill McDaniel, and approximately 15 members of the public. There were also approximately 9 people present via Zoom.

Additions or Deletions to Agenda
No additions or deletions were made to the agenda.
Comments from the Public
Dr. Victor Acquista was the only person who requested to speak. He expressed his concern with the Joinder to the Agreement item on today’s agenda. He pointed out that the September agreement was made between Ave Maria Development (AMD) and the PR firm for services to the District. Dr. Acquista stated that while AMD and the District have synergistic interests, they are not 100% aligned. He wanted to know if the Supervisors had done due diligence on the PR firm or reviewed materials representing the District that had been prepared since September. He stated that he could not hire a PR firm for someone else and asked how this September agreement could provide PR services for the District without their having consented to it. He expressed skepticism about any PR firm that would contract to provide services without the consent of the party being represented. Mr. Klucik explained that the PR firm agreement had been thoroughly discussed by the Board at past meetings and that all questions had been answered. Dr. Acquista pointed out that the meeting minutes did not include discussion of the points that he raised. The Board agreed that public comment was not the appropriate time for a Q&A session.

Approval of Minutes
January 7, 2025, Regular Board Meeting
The minutes of the January 7, 2025, Regular Board Meeting were presented for consideration.

A motion was made by Mr. DiFlorio, seconded by Mr. Casalanguida and passed unanimously approving the minutes of the January 7, 2025, Regular Board Meeting, as presented.
Old Business
AMSCD Projects Update
Ms. Holland gave a brief update on District projects in accordance with the updated project list.

Mr. Tryka gave a brief update on the Oil Well Road lights and Owens roundabout projects. He explained that the Oil Well Road lights project had been completed and would be removed from the projects list. Ms. Holland added that there was a vehicular accident on January 17, 2025, at the Owens roundabout where a Jeep traveling southbound on Ave Maria Boulevard hit and took down a palm tree. Ms. Holland ensured the Board that all streetlights were operational and all signage was in place. Mr. Tryka stated that when improvements were made to the roundabout, the signage was required to be updated pursuant to the MUTCD. Updates to the MUTCD included changes to roundabout signage and the arrows that were previously installed in the center of the roundabout re no longer required. The Board asked if additional signs could be added in addition to what was required in the MUTCD. Mr. Tryka stated that he would look into this. Mr. Casalanguida suggested Mr. Tryka reach out to Collier County Traffic Operations.

Finally, Ms. Holland gave an update on the Anthem Parkway signage. To date, eight (8) signs had been removed and according to CC Homes, they would be back on Thursday to remove additional signs.

Goals and Objectives Update
Ms. Holland provided an update on all of the current Goals and Objectives. Mr. Klucik thanked Ms. Holland for the update and asked if we could keep the Goals and Objectives update on the monthly agenda to ensure the Board that we were on track. Ms. Holland agreed.

Consider Approval of a Joinder to the Existing Agreement between GSMA and AMD to Provide Public Relations Services
Ms. Holland presented the item. She explained that at the January meeting, she presented an update on ways GSMA could provide strategic communication services for the District. There is currently an agreement between AMD and GSMA to provide communication services; the District is not a party to the current agreement. Legal Counsel advised that if desired by the Board and agreeable to AMD and GSMA, the District could join in the current agreement between AMD and GSMA to consent the receipt of public relations expertise in preparation for communication strategy support (written and oral) for so long as District Manager/Counsel/Chair approves and authorizes communication items. The Board previously unanimously agreed to bring a joinder to the existing agreement to this Board Meeting. A joinder to the agreement and the existing agreement between AMD and GSMA are attached hereto. Any communication strategy support provided pursuant to the joinder to the agreement would be at no cost to the District. Mr. Klucik asked if we could add one item to the Joinder – include language that any written or oral communications prepared by GSMA on behalf of the District, not approved by District in accordance with the terms of this Joinder and Consent, are not permitted for publication or any other use. Ms. Willson had no objection to amending the Joinder, as requested by Mr. Klucik.

Mr. Casalanguida then addressed Dr. Acquista’s public comments. Mr. Klucik added that he had previously discussed the issues raised by Dr. Acquita with staff at prior meetings. Dr. Acquista spoke up that this was a process matter and asked why this was not included in the minutes.

A motion was made by Mr. Klucik, seconded by Mr. Casalanguida approving the Joinder to the existing Agreement between GSMA and AMD to provide public relation services, amended as noted above and to include a date and passed unanimously.
New Business
Consider Approval of an Agreement between the District and Pelican Lawn & Landscaping for Annual Tree Trimming throughout the District
Ms. Holland presented the item. She explained that the District annually hired a contractor to trim the palm trees and hardwood trees throughout the District. District staff requested quotes for tree trimming in accordance with the District’s Rules of Procedure. Quotes were received from Davey Tree, Johnson Tree Service & Stump Grinding, Stahlman England, and Pelican Lawn & Landscape. For the past few years, the District has hired Davey Tree for tree trimming services. This year, District staff reached out to other contractors for competitive pricing. Pelican Lawn & Landscape came in at the lowest price of $67,717. The District budgeted $160,000 for tree trimming this year; Pelican’s quote is well within budget. Additionally, District staff conducted a reference check for Pelican by contacting previous clients provided by the vendor and asked detailed questions about their experience and work quality. All references were positive and District staff is confident Pelican can provide tree trimming services for the District.

Ms. Holland noted that staff had been discussing preparing an RFP (Request for Proposals) next year to more clearly specify the goods and services the contractor would provide for tree trimming and other routine maintenance work. The RFP will be written to allow for extensions in the contract and describe the contract requirements. The RFP will also provide rules by which the work will be conducted and help define and facilitate an agreement on costs and project timelines.

The Board asked how we chose the contractors who submitted proposals. Ms. Holland stated that staff contacted companies that have trimmed trees in Ave Maria in the past, or companies that staff had seen work in neighboring communities. Ms. Holland stated that she saw Any Town Tree trimming trees for

the Parish yesterday, and that she knew there were more companies who would be willing to do the work. That is why next year, it is in our best interest to prepare a formal Request for Proposal to circulate to all local contractors capable of performing the work. Mr. Roth stated that proper MOT (maintenance of traffic) is essential for this type of work and that safety is extremely important.

A member of the audience, Mr. Zig Mazanowski, asked if he could speak. Mr. Roth informed him that now was not the time for public comment, but he could speak at the end of the meeting during final public comment.

A motion was made by Mr. DiFlorio, seconded by Mr. Casalanguida and passed unanimously approving an Agreement between the District and Pelican Lawn & Landscaping for annual tree trimming throughout the District, as presented.

Consider Approval of an Agreement between the District and McShea Contracting for Re- Striping the Asphalt on Portions of Ave Maria Boulevard and Pope John Paul II Boulevard
Mr. Roth asked if this item was similar to the tree trimming agreement with respect to getting quotes from local contractors for the roadway re-striping. Ms. Holland stated it was, but there were limited striping contractors in the area. She mentioned that McShea was a very reputable striping contractor who did FDOT work and had contracts with local municipalities. Ms. Holland explained that some of the on street parking space lines may be challenging this time of year with all the University students who park on the road. She mentioned that striping is typically done at night when there is little to no traffic. The Board discussed the areas to be striped on Ave Maria Boulevard and Pope John Paul II Boulevard.

A motion was made by Mr. Roth, seconded by Mr. DiFlorio approving an Agreement between the District and McShea Contracting for re-striping the asphalt on portions of Ave Maria Boulevard and Pope John Paul II Boulevard and passed unanimously, as presented.
Consider Authorization for the District Manager to Execute a Letter of No Objection to Collier County for an Expansion of the Ave Maria Stewardship Receiving Area Boundary
Ms. Holland presented the item and gave a brief history, reminding the Board that this item was mentioned at the November 12, 2024, Regular Board Meeting. At that meeting, Mr. Genson went over the large-scale amendment to the GMP. He explained that the GMP amendment included removing the maximum size for towns (currently 6,000 acres). The amendment also clarifies that the definition for goods & services also include manufacturing and employment centers (not just retail and services). He noted that the large-scale amendment is for towns in general, not Ave Maria specifically. The BOCC recommended approval of the large-scale amendment to the GMP, and it was reviewed and approved by the State. The large-scale amendment to the GMP will go before the BOCC for adoption consideration on February 11, 2025. As Mr. Genson mentioned at the 11/12/24 meeting, AMD was planning to increase the Ave Maria SRA by approximately 2,000 acres once the large-scale GMP amendment has been approved. This item brought before the Board today is the SRA Amendment that Peninsula Engineering is preparing to expand the Town boundary by 2,042 acres. The expansion area includes a 4.85-acre portion of the District property adjacent to Oil Well Road (Area #1 on the map in the meeting book). The map showing the entire SRA expansion is included on Page 50 of the meeting book. Mr. Klucik gave a detailed description of the SRA boundary with respect to the District.

Ms. Willson explained that because the District owned property within the SRAA expansion area, Peninsula Engineering has requested a Letter of No Objection (LONO) from the District in accordance with the SRAA for the District’s 4.85-acre portion of the expansion. Ms. Holland added that early design concepts for the sod farm area north of the canal considered re-routing the canal internal to the sod farm area to be a design feature. The proposed addition to the SRA boundary will facilitate the

canal to be re-routed which would allow development to extend closer to Oil Well Road. District staff has reviewed the SRAA and has no objections to the SRA expansion as it pertains to the District’s special purpose and relocation of District infrastructure. A copy of the LONO is included in the meeting book and staff recommends the Board authorize the District Manager to execute the letter. The Board discussed future roadway improvements/widening at Oil Well Road and Camp Keias Road, so rerouting the canal makes sense in this area. Staff confirmed Area #1 on the SRA expansion map was the only land owned by the District.

A motion was made by Mr. Klucik, seconded by Mr. DiFlorio authorizing the District Manager to execute a Letter of No Objection to Collier County for an expansion of the Ave Maria Stewardship Receiving Area Boundary and passed unanimously, as presented.

Consider Approval of a Pathway Easement from Ave Maria Master Association to the District for Anthem Parkway Phase 5A Pathway
Ms. Holland asked the engineer of record, Dan Hartley, to present this item. Mr. Hartley is with us via Zoom. Mr. Hartley explained that the Anthem Parkway Phase 5A plans included replacing the existing 8-ft wide concrete sidewalk with a 12-ft wide asphalt multi-use pathway along the existing roadway. The 12-ft wide asphalt multi-use pathway will continue along the new section of the roadway, similar to the rest of Anthem Parkway from Pope John Paul II to Ave Maria Boulevards. The District’s right- of-way ends at the back of existing sidewalk. Therefore, the construction plans show the extra width of the new pathway extending toward the roadway. After construction began, it was determined that the existing oak trees along Anthem Parkway may need to be removed to accommodate for the new 12-ft pathway, as shown in the approved plans.

In an effort to save the oak trees, District staff suggested constructing the extra width of the new pathway toward the North Park property, which would result in a portion of the sidewalk being constructed on Master Association property. Peninsula Engineering went over the proposed pathway revision with the Master Association and they agreed to give the District an easement for the portion of the multi-use pathway to be located on their property. Ms. Holland noted that the proposed pathway easement lies within a public utility easement which is quite common for sidewalks and multi-use paths as this area is not a developable or buildable area. The sidewalk or pathway would actually protect the underground utilities. The drawing depicting the pathway shift is included in today’s meeting book. Staff recommends the Board approve the Pathway Easement in an effort to save the existing oak trees along Anthem Parkway.
A motion was made by Mr. Casalanguida, seconded by Ms. Robertson and passed unanimously approving a Pathway Easement from the Ave Maria Master Association to the District for Anthem Parkway Phase 5A Pathway, as presented.

Consider Approval of Change Order No. 5 to Earth Tech Enterprises for Anthem Parkway Phase 5A
Ms. Holland advised that she had not received the change order, but she asked Mr. Hartley to briefly explain the change order request. Mr. Hartley explained the scope of work for Anthem Parkway Phase 5A had always included Irrigation Pump Station #4, which includes the lined irrigation lake, irrigation pumps/equipment, and irrigation pump house, but the design was not complete when the project was originally bid. He has been working diligently on the design of this critical infrastructure. The plans were sent to Earth Tech for pricing on the additional scope of work. Mr. Hartley explained that the pump house itself would be an additional change order or a new project that is publicly bid. Ms. Holland reiterated that she included this item on the agenda today in case the change order was received on time due to the long lead times on some of the equipment. Lead times are as long as one year for some equipment, so the sooner the equipment is ordered the better. Mr. Klucik questioned the amount

of the change order. Mr. Hartley explained that the price of the equipment alone was over $800,000. Ms. Holland clarified that the agenda memo explained the approved change orders to date so the Board was aware of the overall cost of the project paid for through the bond [construction funds]. The Board asked if they had to vote on anything regarding this item and Ms. Holland confirmed they did not, but she asked if she received the change order prior to the next Board meeting, could she sign the change order and bring it to the Board for ratification in March. She explained that she was asking due to the importance of the timing for the project. Ms. Holland asked Ms. Willson to confirm if she was allowed to sign the change order if the Board agreed. Ms. Willson confirmed that this would be permitted if the Board approved the District Manager to sign, but the Board would then have to ratify the change order at a future meeting. If the Board authorized Ms. Holland to execute the change order, they would not have an option to not ratify it since signing the change order with Board authorization would contractually obligate the District. Mr. Casalanguida asked how critical three weeks was. Mr. Roth stated that he preferred to wait until the March meeting. Mr. Klucik asked if Earth Tech was related to Barron Collier in any way and Ms. Holland confirmed that there was no relation. After further discussion, the Board unanimously agreed that they would like the change order to come before the Board for further discussion and consideration in March, once all documentation is ready.

Administrative Matters
Legal Report
Ms. Willson advised that we were rapidly approaching the legislative session. The Board should expect to receive e-mails from Kutak Rock with legislative updates. If the Board has any questions, they should let Ms. Willson know. Kutak Rock with work with the District Manager to review new legislation that may impact the District.

Engineer Report
Mr. Tryka advised that the traffic study was underway. He mentioned pneumatic road tubes had been installed throughout the District, as part of the study for data collection.

Manager’s Report
Financials
Ms. Holland indicated that the financials were included in the meeting book and we were still tracking well so far. She further indicated that the developer agreed to fund the overages discussed at the last meeting regarding asset management and for the Owens Way handicap parking space and fire station signage project. The Board asked if anything was needed for the developer agreement and Ms. Holland indicated there was. When she receives the invoice, she will get an e-mail from the developer confirming funding the overage.

Ms. Holland announced that she would like to take this opportunity to thank Roger Echols with Davey Tree for his many years of service to the District. Roger has been the onsite Branch Manager for over 8 years and announced that he was retiring, his last day being March 6. She thanked him for his dedication and wished him the best of luck. She asked Donny Diaz and anyone else who wished to speak, to say a few words about Roger. Mr. Diaz thanked Roger for his many years of service and shared a few memories over the years. The Board also thanked Roger for his service.

Final Public Comments
Mr. Zig Mazanowski explained that he had spent his career as a landscape contractor. He lives in Ave Maria and currently coaches at the Donahue Academy. He questioned Pelican’s price for tree trimming and said that safety was his biggest concern. He said that the specs needed to be the same moving forward. Mr. Mazanowski started Mainscape and sold it to his brother years ago. He wanted to help our community.

Ms. Casalanguida asked if Mr. Mazanowski believed one firm could cover our community or did he think two firms would be better due to the District’s size. Mr. Mazanowski said that one firm could cover it, but it was a matter of opinion. Ms. Holland confirmed that she had Mr. Mazanowski’s contact information and would meet with him later this week. She ensured Mr. Mazanowski that she shared some of his concerns regarding the landscaping at Ave Maria and was committed to making improvements over time.

Commissioner McDaniel stated that Mr. Klucik helped him create the Civic Association. The next meeting is scheduled for April 10, 2025, at 7 p.m. He also confirmed that the City of Naples Airport would not be moving to Ave Maria. Ms. Willson stated that the Civic Association meetings should be noticed as a District Workshop if more than one Supervisor is in attendance. Mr. DiFlorio asked if we could please notice the meetings, as he would like to attend, but he knows Mr. Klucik may be in attendance.

Board Members Comments
Mr. Klucik thanked Commissioner McDaniel for attending the meeting. Mr. Casalanguida thanked the Commissioner. Mr. DiFlorio thanked Roger Echols for his service.

Adjourn

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 5:39 p.m. by Chairman Roth. There were no objections.

Secretary/Assistant Secretary	Chair/Vice-Chairman

Project Name and Date Appeared on List	
Start Date	
End Date	
% Complete	
Est. Cost	Cost Under Contract (to-date)
*denotes approximate cost	
Funding Source	
EOR/Vendor	Responsible Party	
Comments	

Anthem Parkway Ph 5A (North Park to Avalon)

6/7/2022	

2nd quarter 2023	Anthem Parkway Roadway: Q2 2025
IPS #4:
Q1 2026	

100% Design	70% Construction	

$10,264,854	

*$8,465,950	

2023 Bonds and
future 2025 Bond Issuance	

Daniel Hartley	

Allyson Holland (District)	Ave Maria Blvd extension is complete. Anthem Parkway: Drainage and utility construction is complete, pending testing/certification. Mainline conduit construction is ongoing. First lift of asphalt is expected in March/April 2025. Final completion of 5A roadway expected by May 2025. CO #5 for for IPS #4, Irrigation Lake, and Master AMUC Lift Station will go before the Board on 3/4/25.	
Anthem Parkway Ph 5B (Includes roundabout at PJPII)
6/7/2022	
1st quarter 2025	
1st Quarter 2026	
100% Design	
$8,394,852	
*$278,000	2023 Bonds and
future 2025 Bond Issuance	
Daniel Hartley	Allyson Holland (District)	Design and permitting through Collier County, AMUC, and South Florida Water Management District is ongoing. Construction bids are due March 12, 2025.	

Arthex Commerce Park Phase 2

5/7/2024	

2/1/2024	

2/15/2025	

100% Design	65% Construction	

$2,402,283	

$2,426,195	Developer Contribution Agreement, partial 2023 bonds, and future 2025 bonds	

David Hurst	

AMD and District	

Lake excavation is complete and road is paved. Filling of berm is ongoing. Landscape will commence after berm is complete.	
Asset Management 11/1/2022	
10/1/2023	
Ongoing	
50%	
$115,000	
$115,000	
FY24/25 O&M
Budget	
ETM	Allyson Holland (District)	Field staff utilizing Cartegraph daily to track asset management. ETM completed oboarding with Bob Lee Electric. Davey to complete onboarding this month.	

Reserve Study

8/6/2024	
11/1/2023	
6/1/2025	
95%	
$11,000	
$11,000	
FY23/24 O&M
Budget	
Reserve Advisors	Allyson Holland (District)	Reserve Study discussion at 3/4/25 meeting. District Manager requested an additional Reserve Study that will include District infrastructure at buildout.	
Athrex Commerce Park Phase 3
12/26/2024	
3/1/2025	
7/1/2026	
0%	
TBD	
N/A. Mass grading/excavation contract will be negotiated shortly	
2025 Bonds	
David Hurst	Allyson Holland (District)	The first phase of earthwork (i.e. lake excavation and mass grading) is in the final stages of permitting. The roadway and utility design is not complete and has not been submitted for permit review yet.	
Town Core Landscape Improvements

12/26/2024	

TBD	

9/1/2025	

100% design	

TBD	

TBD	
FY 24/25 O&M
Budget	
Steve Sammons	
Allyson Holland (District)	Received quote from O'Donnell for landscape enhancements in Town Core, on Ave Maria Blvd adjacent to Hampton Village, and at Oil Well Rd entrance. Staff has requested quotes from other landscape contractors for competitive pricing.	

District Streetlight Analysis

1/23/2025	

1/23/2025	

9/30/2025	

15%	

TBD	

TBD	

FY 24/25 O&M
Budget	

TBD	

Allyson Holland (District)	District staff met with Bob Lee Electric and Bentley Electric to discuss a solution to the light pole outages. Bob Lee provided a quote to replace conduit and wiring for section of Ave Maria Blvd. Staff will contact Bentley Electric next time an outage is reported to get another contractor's input on the problem. District staff asked contractors to put together a contract/proposal for District's review.	
Purchasing Policy
1/23/2025	1/30/2025	9/30/2025	10%	TBD	TBD	N/A	N/A	Allyson
Holland	District manager is working with Legal Counsel to put together a
more robust purchasing policy.	
Distrct Website Update 1/23/2025	
1/23/2025	
9/30/2025	
20%	
TBD	
TBD	
N/A	
GSMA	Allyson Holland (District)	District Manager met with GSMA on 1/23/25 to discuss proposed recommended updates to the website. GSMA emailed updates to District Manager and Legal Counsel for review and discussion.	

Stewardship Community District
Goals, Objectives, and Performance Measures/Standards & Annual Reporting Form October 1, 2024 – September 30, 2025

COMMUNICATION AND COMMUNITY ENGAGEMENT

Goal 1.1	Access to Records and Documents	
Objective	Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly website checks.	
Measurement	Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District
Management’s records.	
Standard	100% of monthly website checks were completed by District Management	
Achieved	YES / NO	
10/1/24
Comments	Website is up to date.	
11/12/24
Comments	September meeting minutes included in November meeting book. Website is up to date.	
1/28/25
Comments	Website is up to date. Improvements to website are underway.	
2/24/25
Comments	Website is up to date. Improvements are being reviewed and underway.	

Goal 1.2	Improve Communication	
Objective	Develop strategic messaging and communication materials to support the mission of the District. Inform and educate community members and key stakeholders about the role and responsibilities of the District. Explore options regarding how to best achieve including but not limited to working with a professional marketing & public relations firm.	
Measurement	Provide District Overview Power Point Presentation at one or more Board meetings. Provide a minimum of two (2) communication outlets
to effectively share information and initiatives.	
Standard	Maintain communication outlets.	
Achieved	YES / NO	
10/1/24
Comments	Contract with public relations firm will be brought to Board for approval in November.	

11/12/24
Comments	AMD contract with GSMA is on November meeting agenda.	
1/28/25
Comments	District Joinder to existing agreement between AMD & GSMA is on 2/4/25 agenda. GSMA conducted an audit of District website. District Manager and Legal Counsel are reviewing suggested improvements to the District’s website.	
2/24/25
Comments	No update since last month.	

OPERATION & MAINTENANCE OF INFRASTRUCTURE AND ASSETS

Goal 2.1	Operate & Maintain District Infrastructure and Assets	
Objective	Insure, Operate, and Maintain District-owned Infrastructure and Assets.	
Measurement	Ensure annual renewal of District Insurance Policy(s), ensure
contracted services for District operations are in effect, and verify compliance with all required permits.	
Standard	District insurance renewed and in force, contracted services in effect,
and permits in compliance.	
Achieved	YES / NO	
10/1/24
Comments	District Insurance Policy was renewed last week of September.	
11/12/24
Comments	District assets are insured. Staff working on striping, paving, and drainage maintenance improvements for current FY.	
1/28/25
Comments	Roadway and drainage improvements complete in multiple locations. Power washing efforts are underway. Striping and tree trimming
contracts will be presented at 2/4/25 Board meeting. District staff working on labeling light poles.	
2/24/25
Comments	Oil Well Road light poles are being added to insurance policy. Striping and tree trimming have commenced. Landscaping enhancements will
be presented to Board in April 2025.	

Goal 2.2	Asset Management Software Integration	
Objective	Complete asset management software integration. Onboard select contractors to utilize asset management software for “live” update of District assets.	
Measurement	Complete asset management integration. Complete onboarding
process for at least one select contractor.	
Standard	Utilize asset management software to assist with operating budgets.	
Achieved	YES / NO	
10/1/24
Comments	ETM will be presenting asset management software at November meeting. Staff continues to utilize Cartegraph daily.	
11/12/24
Comments	ETM presenting at November meeting. Onsite staff training with ETM
11/12 – 11/14 with ETM.	

1/28/25
Comments	FY24/25 Contract is in place w/ ETM. Onboarding complete with Bob Lee Electric. District staff working with ETM to expand District’s database.	
2/24/25
Comments	Staff continues to work with ETM to expand the District’s database. Staff will work with Davey to onboard new onsite branch manager for
landscape and irrigation assets.	

FINANCIAL TRANSPARENCY AND ACCOUNTABILITY

Goal 3.1	Annual budget preparation	
Objective	Prepare a budget planning calendar that includes dates for additional agreed upon tasks (e.g. one-on-one meetings, Workshops, etc.).
Prepare and approve the proposed annual budget before July 15 and adopt final budget by September 15.	
Measurement	Present budget planning calendar to the Board by January meeting date. Proposed budget approved by the Board before July 15 and final budget adopted by September 15 as evidenced by meeting minutes and budget documents listed on District website and/or within district records.	
Standard	100% of budget approval and adoption completed by the statutory and
Collier County deadlines and posted to the District website.	
Achieved	YES / NO	
10/1/24
Comments	Manager has begun budget planning calendar.	
11/12/24
Comments	District manager scheduled meeting with developer to discuss remaining district infrastructure and future projects on 11/12/24.	
1/28/25
Comments	Budget calendar was approved by Board on 1/7/25. District manager is
on track to meet budget calendar planning items.	
2/24/25
Comments	Budget planning ongoing.	

Goal 3.2	Reserve Study	
Objective	Finalize and approve the final Reserve Study by February 2025. Incorporate plan for funding reserves based upon reserve study.	
Measurement	Present final reserve study to Board for approval by February 2025.
Incorporate plan for funding reserves for Fiscal Year 2025/2026.	
Standard	Reserve study finalized and updated as needed.	
Achieved	YES / NO	
10/1/24
Comments	Manager will meet with Reserve Advisors this month to discuss changes to finalize the reserve study.	
11/12/24
Comments	District manager met with Reserve Advisors to discuss changes to reserve study on 10/22/24 (delayed due to hurricanes). Reserve Advisors will update reserve study and report back to manager prior to finalizing study. Funding the reserves will be brought to the Board for
discussion.	

1/28/25
Comments	Reserve Advisors sent revised Reserve Study to District Manager on 1/2/25 and District Manager distributed revised Reserve Study to Board of Supervisors. The Board unanimously agreed to discuss the revised Reserve Study, including funding the study, at the March 4, 2025 meeting. Staff is working to prepare presentation of Reserve Study and funding options for March meeting.	
2/24/25
Comments	First presentation of revised Reserve Study will be discussed with
Board on 3/4/25.	

AveMariaStewardship
CommunityDistrict
March18,2024 • Revisedon:January02,2025 AveMaria,FL
FULLRESERVESTUDV

Page 14

ReserveAdvisors,LLC 735N.WaterStreet,Suite175 MiIwaukee,WI53202

AveMariaStewardshipCommunityDistrict AveMaria,Florida

DearBoardofDirectorsofAveMariaStewardshipCommunityDistrict:
AtthedirectionoftheBoardthatrecogni estheneedforproperreserveplanning,we haveconducteda !"#$%$&'$()!*+ofAveMariaStewardshipCommunityDistrictin AveMaria,Floridaandsubmitourfindingsinthisreport.Theeffectivedateofthisstudy isthedateofourvisual,noninvasiveinspection,March10,2023.
This !"#$%$&'$()!*+$45$$*%theAssociationofProfessionalReserveAnalysts 89:;9<=>?@A?BA=CDECFEF@G>HIBIJDFBIKI@>=LC?MLevelIFulReserveStudyPQ
AnongoingreviewbytheBoardandanUpdateofthisReserveStudyarenecessaryto ensureanequitablefundingplansinceaReserveStudyisasnapshotintime. Te recommendtheBoardbudgetforanUpdatetothisReserveStudyintwo-tothree-years. TelookforwardtocontinuingtohelpAveMariaStewardshipCommunityDistrictplanfor asuccessfulfuture.
Aspartofourlong-termthinkingandeverydaycommitmenttoourclients,weareavailable  toansweranyquestionsyoumayhaveregardingthisstudy.
RespectfulysubmittedonJanuary2,2025by
<J(eserve;4.avzsors,££C
VisualInspectionandReportby:AlexanderG.J.Gould,RS1, Revisedby:NancyDaniel,RS,RegionalEngineeringManager
Reviewby:TamaraS.Samhouri,RS,QualityAssuranceEngineer  AlanM.Ebert,RS,PRA2,DirectorofQualityAssurance

1RSkReserveSpecialistlisthereserveproviderprofessionaldesignationoftheCommunityAssociations InstitutekCAIlrepresentingAmericamsmorethan300,000condominium,cooperativeandhomeowners associations.
2PRAkProfessionalReserveAnalystlistheprofessionaldesignationoftheAssociationofProfessional ReserveAnalysts.LearnmoreaboutAPRAathttp://www.apra-usa.com.

Page 15

©2023ReserveAdv sors LLC A r ghtsreserved  

TabIeofContents
1 RESERVESTUDYEXECUT VESUMMARY                1 1
2  RESERVESTUDYREPORT                         2 1
3 RESERVEEXPEND TURESandFUND NGPLAN           3 1
4 RESERVECOMPONENTDETA L                 4 1 P%ope%)*S,)eE.eme0)1222222222222222222222222222222222222222222222222222222222222222222222222222222222222324
A1p6a.)Pa8eme0)9Repa8,0;222222222222222222222222222222222222222222222222222222222222222222222324
A1p6a.)Pa8eme0)9Repa8,0;9Wa.=,0;Pa)61222222222222222222222222222222222222222222222324>
B%,@;ea0@BoACC.8e%)C%o11,0;122222222222222222222222222222222222222222222222222222222222222324D
Ca)E6Ba1,012222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222324F
Co0E%e)eCC%b1a0@GC))e%12222222222222222222222222222222222222222222222222222222222222222222222232>I
Co0E%e)eS,@ewa.=122222222222222222222222222222222222222222222222222222222222222222222222222222222222232>K
I%%,;a),o0S*1)em9La0@1Eap,0;22222222222222222222222222222222222222222222222222222222222222222232KI
L,;6)Po.e1a0@F,A)C%e12222222222222222222222222222222222222222222222222222222222222222222222222222232KI
S,;0a;e9E0)%a0EeFea)C%e19222222222222222222222222222222222222222222222222222222222222222222222232K>
S,;0a;e9S)%ee)a0@O%aPP,E222222222222222222222222222222222222222222222222222222222222222222222222232KD
Re1e%8eS)C@*Up@a)e222222222222222222222222222222222222222222222222222222222222222222222222222222222222232KF
5  METHODOLOGY                                5 1
6  CREDENT ALS                                  6 1
7  DEF N T ONS                                    7 1
8  PROFESS ONALSERV CECOND T ONS                8 1

RESERVESTUDYEXECUTIVESUMMARY
Client:AveMariaStewardshipCommunityDistrict(AMSCD) Location:AveMaria,Florida
Reference:234032
PropertyEasics:AveMariaStewardshipCommunityDistrictisaplannedunitdevelopment whichisresponsibleforthecommonelementssharedby5,000homeownersandlots,andupon completionapproximately11,000homesandlots. Thecommunitywasstartedin2007and developmentiscurrentlyongoing.
ReserveComponentsIdentified:18ReserveComponents.
InspectionDate:March18,2024inFY23T241  (10U1U2023toVU30U2024).
Funding Goal:TheFundingGoalofthisReserveStudyistomaintainreservesabovean adeZuate,notexcessivethresholdduringoneormoreyearsofsignificantexpenditures.Our recommendedFundingPlanrecogni]esthesethresholdfundingyearsin2028andagainin2048 duetotherepavingoftheasphaltpavementstreetsystem andrenovationoftheCKRsignage entrance feature.  ln addition,the Reserve Funding Plan recommends 2054 yearend accumulatedreservesofapproximately`3,3a7,500. bejudgethisamountofaccumulated reservesin2054necessarytofundthelikelyrepavingoftheasphaltpavementstreetsafter2054. Thesefutureneeds,althoughbeyondthelimitoftheCashFlowAnalysisofthisReserveStudy, arereflectedintheamountofaccumulated2054yearendreserves.
Methodology:beusetheCashFlow MethodtocomputetheReserveFundingPlan. This methodoffsetsfuturevariableReserveExpenditureswithexistingandfuturestablelevelsof reservefunding.Ourapplicationofthismethodalsoconsidersg
Currentandfuturelocalcostsofreplacement
2.0%  anticipatedannualrateofreturnoninvestedreserves
3.5%   futurelnflationRateforestimatingFutureReplacementCosts
Sources forjklmnCosts ofReplacementgOurproprietarydatabase,historicalcostsand publishedsources,i.e.,R.S.Means,lncorporated.
UnauditedCashStatusofReserveFund:
TheDistrictdidnotbudgetforReserveContributionsin2024
Projected`37V,000asofSeptember30,2025,asprovidedbytheDistrict.Thisbalance  includesreservecontributionsandinterest.
ProoectPrioritipation:benoteanticipatedReserveExpendituresforthenext30yearsinthe qrsrturvwxryz{|}trstablesandincludea~{ur€rmt�}|nkk‚tablefolowingtheqrsrtur
~}yz{yƒ„nmyinSection3.berecommendtheStewardshipCommunityDistrictprioriti]ethe folowingprojectsinthenextfiveyearsbasedontheDistrictplannedeventsg
Asphaltpavementmilandoverlayofstreets
SignagerenovationoftheCKRentrancefeature

1TheFiscalYear(FY2024)forAveMariaStewardshipbeginsOctober1,2023andendsSeptember30, 2024.Forbrevity,werefertotheFiscalYearbyitsendingyear,i.e.FiscalYear2023U24isFY2024or simply2024.

Replacementoftheelectricalwiringandcloc'sforthelandscapeirrigationsystem
RecommendedReserveFunding:Werecommendthefolowinginordertoachieveastable  andequitableCashFlowMethodologyFundingPlan:
Increaseto$2,640,000in2026
Inflationaryincreasesin2027and2028
Decreaseto$920,000by2029duetofulyfundingforrepavingoftheasphaltpavement streetsandrenovationoftheCKRentrancefeatures
Inflationaryincreasesfrom   2030through2048
Decreaseto$920,000by2049duetofulyfundingforrepavingoftheasphaltpavement streetsandrenovationoftheCKRentrancefeatures
Inflationaryincreasesthereafterthrough2054,thelimitofthisstudyIsCashFlowAnalysis

AveMariaStewardshipCommunityDistrict
RecommendedReserveFundingTableandGraph

Reserve	Reserve
Near  ContributionsO$P  QalancesO$P 	Reserve	Reserve
Near  ContributionsO$P  QalancesO$P 	Reserve	Reserve
Near  ContributionsO$P  QalancesO$P	
2025	000OQudgetedP	379,000	2035	1,130,800	4,774,544	2045	1,595,200	9,310,105	
2026	2,640,000	2,699,479	2036	1,170,400	6,052,139	2046	1,651,000	10,938,993	
2027	2,732,400	2,460,997	2037	1,211,400	5,806,788	2047	1,708,800	7,305,756	
2028	2,828,000	1,019,943	2038	1,253,800	7,076,455	2048	1,768,600	1,102,086	
2029	920,000	1,577,608	2039	1,297,700	6,851,654	2049	920,000	1,804,062	
2030	952,200	2,165,232	2040	1,343,100	8,345,218	2050	952,200	2,543,874	
2031	985,500	2,784,043	2041	1,390,100	9,916,123	2051	985,500	3,323,087	
2032	1,020,000	3,435,380	2042	1,438,800	11,371,713	2052	1,020,000	4,143,382	
2033	1,055,700	2,865,863	2043	1,489,200	11,320,151	2053	1,055,700	2,509,821	
2034	1,092,600	3,561,212	2044	1,541,300	7,760,955	2054	1,092,600	3,367,493	
15000

10000

5000

0

-5000

-10000

            
ReserveExpendatures
RecommendedReserveContrabutaons Year-EndReserveBaIances

RESERVESTUDYREPORT
AtthedirectionoftheBoardthatrecogni%estheneedforproperreservepIanning,we  haveconductedaFu/Reservestudyof
AveMariaStewardshipCommunityDistrict AveMaria,FIorida
andsubmitourfindingsinthisreportLMheeffectivedateofthisstudyisthedateofour
visuaI,noninvasiveinspection,March18,2024L
WepresentourfindingsandrecommendationsinthefoIowingreportsectionsand spreadsheetsV
IdentificationofProperty-SegregatesaIpropertyintoseveraIareasof responsibiIityforrepairorrepIacement
ReserveExpenditures-IdentifiesreservecomponentsandreIated quantities,usefuIIives,remainingusefuIIivesandfuturereserve
expendituresduringthenext30years
ReserveFundingPIan-Presentstherecommended
ReserveContributionsandyearcendReserveBaIancesforthenext30 years
Five-YearOutIook-Identifiesreservecomponentsandanticipated reserveexpendituresduringthefirstfiveyears
ReserveComponentDetaiI-Describesthereservecomponents,
incIudesphotographicdocumentationoftheconditionofvariousproperty eIements,describesourrecommendationsforrepairsorrepIacement,
andincIudesdetaiIedsoIutionsandproceduresforrepIacementsforthe benefitofcurrentandfutureboardmembers
MethodoIogy-ListsthenationaIstandards,methodsandprocedures usedtodeveIoptheReserveStudy
Definitions-ContainsdefinitionsoftermsusedintheReserveStudy, consistentwithnationaIstandards
ProfessionaIServiceConditions-DescribesAssumptionsand ProfessionaIServiceConditions
CredentiaIsandResources

IDENTIFICATIONOFPROPERTY

OurinvestigationincludesReserveComponentsorpropertyelementsassetforthinyour StewardshipReceivingArea1SRA2Creationdocumentorwhichwereidentifiedaspart ofyourre3uestforproposedservices4 TheExpendituretablesinSection9listthe elementscontainedinthisstudy4  Ouranalysisbeginsbysegregating theproperty elementsintoseveralareasofresponsibilityforrepairandreplacement4
Ourprocessofidentificationhelpsassurethatfutureboardsandthemanagementteam  understandwhetherreserves:theoperatingbudgetorOwnersfundcertainreplacements andassistsinpreparationoftheannualbudget4;ederivethesesegregatedclassesof   propertyfrom ourreview oftheinformationprovidedbytheStewardshipCommunity DistrictandthroughconversationswithManagement4Theseclassesofpropertyinclude>
ReserveComponents
Long-LivedPropertyElements
OperatingBudgetFundedRepairsandReplacements
PropertyMaintainedbyOwners
PropertyMaintainedbyOthers
;eadvisetheBoardconductanannualreviewoftheseclassesofpropertytoconfirm its policyconcerningthemanneroffunding:i4e4:from reservesortheoperatingbudget4 ReserveComponentsaredefinedbyCAIaspropertyelementswith>
AMSCDresponsibility
Limitedusefullifeexpectancies
Predictableremainingusefullifeexpectancies
Replacementcostaboveaminimum threshold
Thefolowingtablesdepicttheitemsexcludedfrom theReserveExpenditureplan>

Operat ngBudgetComponents	

	

	

	

	

	

	

	

	

	

	

	

EstimatedCost

UsefulLife

Long-LivedComponents

OwnersResponsibilityComponents	

	

OthersResponsibilityComponents	

	

4	
5
6	
4
6	
6
6	

4
5
6	

RESERVEEXPENDITURESandFUNDINGPLAN
Thetablesfolowingthisintroductionpresent6 ReserveExpenditures
Lineitem numbers
Totalquantities
Quantitiesreplacedperphase<inasingleyear)
Reservecomponentinventory
Estimatedfirstyearofevent<i.e.CreplacementCapplicationCetc.)
Lifeanalysisshowing
usefullife
remainingusefullife
2024localcostofreplacement
Perunit
Perphase
Replacementoftotalquantity
Percentageoffutureexpendituresanticipatedduringthenext30years
Scheduleofestimatedfuturecostsforeachreservecomponentincluding inflation
ReserveFundingPIan
Reservesatthebeginningofeachyear
Totalrecommendedreservecontributions
Estimatedinterestearnedfrom investedreserves
Anticipatedexpendituresbyyear
Anticipatedreservesatyearend
Predictedreservesbasedoncurrentfundinglevel
Five-YearOutIook
Lineitem numbers
Reservecomponentinventoryofonlytheexpendituresanticipatedto occurwithinthefirstfiveyears
Scheduleofestimatedfuturecostsforeachreservecomponent anticipatedtooccurwithinthefirstfiveyears
ThepurposeofaReserveStudyistoprovideanopinionofreasonableannual  Reserve Contributions. Prediction ofexacttiming and costs ofminorReserve Expenditures typicaly wil not significantly affect the 30Ryear cash flow analysis.AdjustmentstothetimesandTorcostsofexpendituresmaynotalwaysresultin   anadjustmentintherecommendedReserveContributions.
FinancialstatementspreparedbyyourStewardshipCommunityVistrictCbyyouor othersmightrelyinpartoninformationcontainedinthissection.ForyourconvenienceC wehaveprovidedanelectronicdatafilecontainingthetablesofReserve\]^endibures andReserveFundingPIan.

RESERVEEXPENDITURES	ExpIanatoryNotes:
-. /012 3st4eest35ate6In7Iat3onRate7orest35at3n89:t:reRepIa;e5ent<osts0
A>e@ariaSteFardsIip	K. 9LKMKN3s93s;aILearOe83nn3n8P;toOer-QKMK/an6en63n8Septe5Oer/MQKMKN0
CommunityDistrict
	AveMar a,FIor da	
Estimated	LifeAnaIysi	Costs,$	 Percentage
Line eotaI PerPIase	1stYearof	Years	 Unit PerPIase eotaI ofiuture RULkl 1	m	3	o	5	6	7	8	t	1l	11	1m	13	1o	15
Item Quantity Quantity Units	Reser>eComponentIn>entory	E>ent UsefuIRemaining wmlmox wmlmox wmlmox Eypenditure iYmlmo mlm5 mlm6 mlm7 mlm8 mlmt ml3l ml31 ml3m ml33 ml3o ml35 ml36 ml37 ml38 ml3t
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PropertySiteEIements

4I040	110,829  11l,8mtS€areYardsAs�‚aItPavement,M IandOverIa‡,AveMar aBIvd	2027 15to20	3	15I00 1,‹‹2,435	1,‹‹2,435	13Œ7�	1,843,171	
4I041	74,137	7o,137S€areYardsAs�‚aItPavement,M IandOverIa‡,Po�eŽo‚nPa€II,Par�o‘Commer’e,&”ownCore	2028 	15to20	4	15I00 1,112,055	1,112,055	tŒ5�		1,27‹,109				
4I042	11,‹‹9	11,66tS€areYardsAs�‚aItPavement,M IandOverIa‡,Art‚re–Commer’eDr ve	2033 	15to20	9	15I00 175,035	175,035	1Œ8�			238,555			
4I043	18,003	18,ll3S€areYardsAs�‚aItPavement,M IandOverIa‡,Ant‚emPar�wa‡,P‚ase1	2037 	15to20	13	15I00 270,045	270,045	1Œ1�				422,339		
4I044	1‹,973	16,t73S€areYardsAs�‚aItPavement,M IandOverIa‡,Ant‚emPar�wa‡,P‚ase2&3	2039 	15to20	15	15I00 254,595	254,595	1Œ1�					42‹,535	
4I045	5,159	5,15tS€areYardsAs�‚aItPavement,M IandOverIa‡,Ant‚emPar�wa‡,P‚ase4	2043 	15to20	19	15I00 77,385	77,385	lŒo�						
4I080	37,300	6,m17S€areYardsAs�‚aItPavement,WaI� ngPat‚s,”otaIRe�Ia’ement,Ma nRoads,P‚ased	2027 	15to20 	3to8	25I50 158,525	951,150	6Œ3�	175,7‹0	181,911	21‹,053	247,92‹	2‹5,585	
4I090	3	3Ea’‚	Br dge&Bo–C€IvertCross ngs,Ins�e’t ons,Pa ntA��I ’at ons&Ca� taIRe�a rs›In’I€desCoI€mnsœ	2028 15to20 4	25,000I00	75,000	75,000	lŒ6�	8‹,0‹4	
4I091	575	575L nearFeet Br dge&Bo–C€IvertCross ngs,Ra I ngs,Iron,Re�Ia’ements	2038	to30	14	120I00	‹9,000	‹9,000	lŒ3�					111,‹90		
4I100	2,300	383Ea’‚	Cat’‚Bas ns,Ins�e’t onsandCa� taIRe�a rs,Ma nRoads,P‚ased	2027 	15to20 3to23	450I00	172,499	1,035,000	6Œt�	191,252	197,94‹	235,098	2‹9,780		288,995	
4I101	1	1AIowan’e Cat’‚Bas ns,Dra nageP �es&O€t‘Iows,Ins�e’t ons&Ca� taIRe�a rs›2044 sB€dgetedœ	2044 	15to20 20	1,500,000I00 1,500,000	1,500,000	3Œ7�									
4I110	1‹8,‹00	3,75lL nearFeet Con’reteC€r�sandG€ters,Part aI	2027	to‹5 3to30Ÿ	30I00 112,500	5,058,000	oŒ5�		124,731	129,09‹		153,32‹		175,945	188,477	
4I140	428,800	8,58lS€areFeet Con’reteS dewaI�s,Part aI	2027	to‹5 3to30Ÿ	12I00 102,9‹0	5,145,‹00	oŒ1�		114,154	118,149		140,324		1‹1,025	172,494	
4I400	9	1AIowan’e Irr gat onS‡stem,Lands’a� ng,Re�Ia’ements,EIe’tr ’aIW r ng&CIo’�s,P‚ased›202‹ sB€dgetedœ	202‹	to35 2to10	32‹,730I00 32‹,730	2,940,570	tŒl�	350,001	3‹2,251	374,930	388,053 401,‹35	415,‹92 430,241 445,299	4‹0,885			
4I5‹0	291	17Ea’‚	L g‚tPoIesandF –t€res,F �ergIass,P‚ased	2042	to35 18to30Ÿ	‹,100I00 104,432	1,775,100	7Œ8�									
4I800	1	1AIowan’e S gnage,Renovat on,CKR,Entran’eFeat€re	2028	to20	4	1,500,000I00 1,500,000	1,500,000	1mŒ8�			1,721,285						
4I801	1	1AIowan’e S gnage,Renovat on,OWR,Entran’eFeat€re	2044	to20	20	1,800,000I00 1,800,000	1,800,000	8Œt�									
4I810	475	11tEa’‚	S gnage,Re�Ia’ement,Streetand”ra‘ ’,P‚ased	2027 	15to20 3to18	1,‹00I00 190,000	7‹0,000	7Œ6�		210,‹5‹	218,029		258,951		297,152	318,31‹	

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ AnticipatedEypenditures,ByYearw$ol,15t,l55o>er3lyearsx	0	0	350,001 3,021,975 4,303,519 388,053 401,‹35 415,‹92 430,241 1,‹87,‹0‹ 4‹0,885	0	0 1,574,1‹‹ 111,‹90 1,‹‹0,402

Pr ntedon1¢2¢2025	E–�end t€res-Se’t on3-1o‘2

RESERVEEXPENDITURES

AveMariaStewardship CommunityDistrict
	AveMar a,FIor da	

Estimated	LifeAnaIysi	Costs,$	 Percentage

Line ;otaI PerPhase		1stYearof	Years	 Unit PerPhase ;otaI of?uture Item Quantity Quantity Units	ReserveComponentInventory	Event UsefuIRemaining CDEDFG  CDEDFG  CDEDFG EHpenditure

16	17	18	1R	DE	D1	DD	D3	DF	D5	D6	D7	D8	DR	3E DEFE  DEF1  DEFD  DEF3  DEFF  DEF5  DEF6  DEF7  DEF8  DEFR  DE5E  DE51  DE5D  DE53  DE5F

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PropertySiteEIements
4I040 110,829 11E,8DRSTUareYardsAsWXaItPavement,M IandOverIa^,AveMar aBIvd	2027 15to20 3	15I00 1,cc2,435 1,cc2,435	13e7g	3,cc7,522
4I041	74,137	7F,137STUareYardsAsWXaItPavement,M IandOverIa^,PoWehoXnPaUII,ParjokCommerle,&nownCore	2028 	15to20	4	15I00 1,112,055	1,112,055	Re5g			2,539,187		
4I042	11,cc9	11,66RSTUareYardsAsWXaItPavement,M IandOverIa^,ArtXrerCommerleDr ve	2033 	15to20	9	15I00 175,035	175,035	1e8g				474,c74	
4I043	18,003	18,EE3STUareYardsAsWXaItPavement,M IandOverIa^,AntXemParjwa^,PXase1	2037 	15to20	13	15I00 270,045	270,045	1e1g					
4I044	1c,973	16,R73STUareYardsAsWXaItPavement,M IandOverIa^,AntXemParjwa^,PXase2&3	2039 	15to20	15	15I00 254,595	254,595	1e1g					
4I045	5,159	5,15RSTUareYardsAsWXaItPavement,M IandOverIa^,AntXemParjwa^,PXase4	2043 	15to20	19	15I00 77,385	77,385	EeFg	148,773				
4I080	37,300	6,D17STUareYardsAsWXaItPavement,WaIj ngPatXs,notaIReWIalement,Ma nRoads,PXased	2027 	15to20 	3to8	25I50 158,525	951,150	6e3g	304,7c5	349,724	3c1,9c5	429,901	
4I090	3	3EalX	Br dge&BorCUIvertCross ngs,InsWelt ons,Pa ntAWWI lat ons&CaW taIReWa rswInlIUdesCoIUmnsx	2028 15to20 4	25,000I00	75,000	75,000	Ee6g	171,250	
4I091	575	575L nearFeet Br dge&BorCUIvertCross ngs,Ra I ngs,Iron,ReWIalements	2038	to30	14	120I00	c9,000	c9,000	Ee3g					
4I100	2,300	383EalX	CatlXBas ns,InsWelt onsandCaW taIReWa rs,Ma nRoads,PXased	2027 	15to20 3to23	450I00	172,499	1,035,000	6eRg	331,c29	380,551	393,871	4c7,795	
4I101	1	1AIowanle  CatlXBas ns,Dra nageP Wes&OUtkIows,InsWelt ons&CaW taIReWa rsw2044 sBUdgetedx	2044 	15to20 20	1,500,000I00 1,500,000	1,500,000	3e7g			1,500,000						
4I110	1c8,c00	3,75EL nearFeet ConlreteCUrysandGUters,Part aI	2027	toc5 3to30{	30I00 112,500	5,058,000	Fe5g		21c,281			248,188	25c,874		305,08c	
4I140	428,800	8,58ESTUareFeet ConlreteS dewaIjs,Part aI	2027	toc5 3to30{	12I00 102,9c0	5,145,c00	Fe1g		197,941			227,142	235,092		279,215	
4I400	9	1AIowanle Irr gat onS^stem,LandslaW ng,ReWIalements,EIeltr laIW r ng&CIoljs,PXasedw202c sBUdgetedx	202c	to35 2to10	32c,730I00 32c,730	2,940,570	ReEg									
4I5c0	291	17EalX	L gXtPoIesandF rtUres,F yergIass,PXased	2042	to35 18to30{	c,100I00 104,432	1,775,100	7e8g	193,981	200,771	207,798 215,071	222,598	230,389	238,453	24c,798 255,43c	2c4,377 273,c30 283,207 293,119	
4I800	1	1AIowanle S gnage,Renovat on,CKR,EntranleFeatUre	2028	to20	4	1,500,000I00 1,500,000	1,500,000	1De8g						3,424,993			
4I801	1	1AIowanle S gnage,Renovat on,OWR,EntranleFeatUre	2044	to20	20	1,800,000I00 1,800,000	1,800,000	8eRg			3,581,c20						
4I810	475	11REalX	S gnage,ReWIalement,Streetandnrak l,PXased	2027 	15to20 3to18	1,c00I00 190,000	7c0,000	7e6g		3c5,275			419,1c2	433,832		515,257	
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AnticipatedEHpenditures,ByYearC$FE,15R,E55over3EyearsG	0	0	193,981 1,7c5,434 5,289,418 215,071 222,598 5,522,c78 8,055,51c 24c,798 255,43c 2c4,377 273,c30 2,755,134 293,119

Pr ntedon1~2~2025	ErWend tUres-Selt on3-2ok2

ReserveAdvisors  C	 age1of1

RESERVEFUNDINGPLAN

CASHFLOWANALYSIS
AveMar0aStewardsh0p
Commun0tyD0str0=t	>ndividualReserveBudgetsDCashFloGsfortheNeIt30Years
AveMar0aMFIor0da	FY2024	202R	202S	202T	202U	202V	20W0	20W1	20W2	20WW	20W4	20WR	20WS	20WT	20WU	20WV

ReservesatBeg0nn0ngo\Year

(No`e1)

NdA

NdA	3e9 000 2 699 ie9 2 i60 99e 1 019 9i3	1 5ee 608 2 165 232 2 e8i 0i3	3 i35 380 2 865 863 3 561 212 i eei 5ii 6 052 139 5 806 e88	e 0e6 i55

TotaIRe=ommendedReserveContr0but0ons	(No`e2)	NoA	NoA 2MS40M000 2MTW2M400 2MU2UM000  V20M000	VR2M200	VURMR00 1M020M000	1M0RRMT00 1M0V2MS00 1M1W0MU00 1M1T0M400 1M211M400 1M2RWMU00	1M2VTMT00

Est0matedInterestEarnedMDur0ngYear	(No`e3)	NdA	NdA	30 i80	51 09i	3i i65	25 e18	3e 058	i9 003	61 5e8	62 389	63 63i	82 532 10e 195 11e i15 12e 55e	13e 902
Ant0=0patedExpend0turesMByYear	NdA	NdA	(350 001) (3 021 9e5) (i 303 519) (388 053)	(i01 635) (i15 692) (i30 2i1) (1 68e 606) (i60 885)	0	0 (1 5ei 166) (111 690) (1 660 i02)
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ant0=0patedReservesatYearEnd	NdA $3e9 000 $2 699 ie9 $2 i60 99e $1 019 9i3 $1 5ee 608 $2 165 232 $2 e8i 0i3 $3 i35 380 $2 865 863 $3 561 212 $i eei 5ii $6 052 139 $5 806 e88 $e 0e6 i55 $6 851 65i
(NOTES)

{=ont0nued|	>ndividualReserveBudgetsDCashFloGsfortheNeIt30Years Continued
2040	2041	2042	204W	2044	204R	204S	204T	204U	204V	20R0	20R1	20R2	20RW	20R4

ReservesatBeg0nn0ngo\Year

6 851 65i 8 3i5 218 9 916 123 11 3e1 e13 11 320 151	e e60 955 9 310 105 10 938 993	e 305 e56 1 102 086 1 80i 062 2 5i3 8ei 3 323 08e i 1i3 382	2 509 821

TotaIRe=ommendedReserveContr0but0ons	1MW4WM100  1MWV0M100  1M4WUMU00  1M4UVM200 1MR41MW00	1MRVRM200  1MSR1M000 1MT0UMU00	1MTSUMS00 V20M000  VR2M200  VURMR00 1M020M000 1M0RRMT00	1M0V2MS00

Est0matedInterestEarnedMDur0ngYear	150 i6i	180 805	210 ee1	22i 6e2 188 922	169 020	200 i86	180 6i1	83 2i6	28 eei	i3 0i9	58 089	e3 925	65 8e3	58 191
Ant0=0patedExpend0turesMByYear	0	0	(193 981) (1 e65 i3i)(5 289 i18)	(215 0e1) (222 598) (5 522 6e8) (8 055 516) (2i6 e98) (255 i36) (26i 3ee) (2e3 630)(2 e55 13i)  (293 119)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ant0=0patedReservesatYearEnd	$8 3i5 218 $9 916 123 $11 3e1 e13 $11 320 151 $e e60 955 $9 310 105 $10 938 993 $e 305 e56 $1 102 086 $1 80i 062 $2 5i3 8ei $3 323 08e $i 1i3 382 $2 509 821 $3 36e i93
(NOTES)	(NOTE4)

ExpIanatoryNotes~
1)Year2025endingreservesarepro€ectedbyManagementasofSeptember30 2025‡FY202istartsˆctober1 2023andendsSeptember30 202i. 2)2026isthefirstyearofrecommendedcontributions.
2.0%  istheestimatedannualrateofreturnoninvestedreserves
Accumulatedyear205iendingreservesconsidertheneedtofundforrepavingoftheasphaltpavementstreetsshortlyafter205i  andtheage  siŒe  overalconditionandcompleIityoftheproperty. S)ThresholdFundingYears(reservebalanceatcriticalpoint).

 rintedon1d2d2025	Funding  lan-Section3

ReserveAdv sors, C	*RefertotheReserveE  end tures a es
forthefull stofreserveelements
FlVE-YEAROUTLOOK
AveMariaStewardship CommunityDistrict
	AveMar a,Flor da	

Line	RUL=0	1	2	3	4	5
Item	ReserveComponentInventory	FY2024	2025	202M	202N	202O	202P
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PropertySiteEIements

4V040 As haltPavement,M landOverlaZ,AveMar aBlvd		1,]4^,1_1		
4V041 As haltPavement,M landOverlaZ,Po e`ohnPaula,ParbofCommerce,&eownCore 4V0]0 As haltPavement,Walb n Paths,eotalRe lacement,Ma nRoads,Phased		

1_k,_h0	1,g_h,10i 1]1,i11	
4V0i0 Br d e&Bo CulvertCross n s,ans ect ons,Pa ntA l cat ons&Ca talRe a rslancludesColumnsm 4V100 CatchBas ns,ans ect onsandCa talRe a rs,Ma nRoads,Phased		

1i1,gkg	]h,0h4 1i_,i4h	
4V110 ConcreteCurnsandGuters,Part al 4V140 ConcreteS dewalbs,Part al		1g4,_^1
114,1k4	1gi,0ih
11],14i	
4V400 arr at onSZstem, andsca n ,Re lacements,Electr calW r n &Clocbs,Phasedlg0gh sBud etedm 4V]00 S na e,Renovat on,CKR,EntranceFeature	^k0,001	^hg,gk1	^_4,i^0 ^]],0k^ 1,_g1,g]k	
4V]10 S na e,Re lacement,Streetanderaf c,Phased		g10,hkh	g1],0gi	
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AnticipatedErpendituressByYearuv40s15Ps055over30yearsw	0	0	^k0,001  ^,0g1,i_k  4,^0^,k1i  ^]],0k^

RESERVECOMPONENTDETAIL
The Reserve Component DetaiI of this Fu! Reserve Study incIudes enhancedsoIutionsandprocedures forseIectsignificantcomponents. This section describes the Reserve Components,documents specific probIems and condition assessments,andmayincIudedetaiIedsoIutionsandproceduresfornecessarycapitaI repairsandrepIacementsforthebenefitofcurrentandfutureboardmembers.Geadvise theBoardusethisinformationtoheIpdefinethescopeandproceduresforrepairor  repIacementwhensoIicitingbidsorproposaIsfrom contractors.JKLeverMtNeReOKrtin LNK!e KrORrtisnKtRnd sNKu!d nKtSe used RsR design sOeciVicRtiKn Krdesign engineeringservice.
PropertySiteEIements
AsphaItPavement,Repaving
LineItems:4.040,4.041,4.042,4.043,4.044,AND4.045
Quantity:TheDistrictisresponsibIeforthefoIowingstreetsdepictedinthefoIowing  graphic.
110,829squareyardsofasphaItpavementatAveMariaBIvd.(2007-yearof pavementtopcourseinstaIation)
74,137squareyardsofasphaItpavementatPopeyohnPauIzz,ParkofCommerce, andtheTownCore(2008-yearofpavementtopcourseinstaIation)
11,669squareyardsofasphaItpavementatArthre}CommerceDrive(2013-year ofpavementtopcourseinstaIation)
18,003squareyardsofasphaItpavementatAnthem Parkway,Phase1(2017- yearofpavementtopcourseinstaIation)
16,973squareyardsofasphaItpavementatAnthem Parkway,Phase2&3(2019
-yearofpavementtopcourseinstaIation)
5,159squareyardsofasphaItpavementatAnthemParkway,Phase4(2023-year ofpavementtopcourseinstaIation)
UpdatesofthisReservestudywiIincIudeadditionaIasphaItpavementstreets uponcompIetionofconstruction.

History:Weareinformedthepavementstreetsystemsareconstructedwitha12inch  stabili6edsubgrade,eightinchminimum limerockbase,1: inchpavementstructural courseanda¾ inchpavementtopcourse.Theasphaltpavementstreetsystemsvaryin ageandtheDistrictinformsusthattheageofthepavementistobebasedontheyear ofthe pavementtop course instalation.?dditionalconstruction ofpavementstreet systemsare planned and atthistime e@cluded from thisReserve studyanalysis. UpdatesofthisReservestudywilconsideradditionalDuantitiesandpossiblechangesin theanticipatedscopeofwork,futurecosts,andtimingoftheseactivities.
EoFGitioF: Hairto pooroveralwith raveling,cracksIincluding aligatorcrackingJ, deteriorationofthestriping,damage,andslippagecracksevident

 
AveMariaBlvd.-eraeksevident	AveMariaBlvd.-deteriorationo t estriping
evident

AveMariaBlvd.-eraeksevident	AveMariaBlvd.-eraeksandravelingevident

AveMariaBlvd.-eraeksandravelingevident	AveMariaBlvd.-eraeksandravelingevident

 
AveMariaBlvd.- ra  sandravelingevident	AveMariaBlvd.- ra  sandravelingevident

AveMariaBlvd.- ra  sandravelingevident	AveMariaBlvd.- ra  sandravelingevident

AveMariaBlvd-deteriorationevident	AveMariaBlvd-overview

 
AveMariaBlvd-overview	AveMariaBlvd-deteriorationevident

AveMariaBlvd.- ra  sandravelingevident	AveMariaBlvd.-overview

AveMariaBlvd.- ra  sandravelingevident	AveMariaBlvd.- ra  sandravelingevident

 
AveMariaBlvd	AveMariaBlvd.-slippagecracksevident

AveMariaBlvd.-slippagecracksevident	 hisisasphaltpavementthatwasunder
constructionduringourinspection.Future
updatestothisReservestudyshouldconsider additionalquantitiesandconditions.

Anthem Pkwy.-overview	Anthem Pkwy.-overview

 
Anthem Pkwy.-overview	PopeJohnPaulIIBlvd.-deteriorationevident

PopeJohnPaulIIBlvd.-deteriorationevident	PopeJohnPaulIIBlvd.-ravelingevident

PopeJohnPaulIIBlvd.-overview	PopeJohnPaulIIBlvd.-overview

 

Pope ohnPaul Blvd.-eraeksandraveling evident

Pope ohnPaul Blvd.-alligatoreraekingand ravelingevident

Pope ohnPaul Blvd.-eraeksandtopla er deteriorationevident

Pope ohnPaul Blvd.-alligatoreraekingand ravelingevident

Pope ohnPaul Blvd.-alligatoreraekingand ravelingevident

Pope ohnPaul Blvd.-overvie!

 
PopeJohnPaulIIBlvd.-overview	ArthrexCommerceDr.-overview

ArthrexCommerceDr.-overview	ArthrexCommerceDr.-overview

SetonSt.-deteriorationevident	AnnunciationCir.-overview

 
Anthem Pkwy.-overview	Anthem     Pkwy.-deteriorationevident

Anthem Pkwy.-overview	Anthem Pkwy.-overview
UsefulLife:15-to20-years
Componen9De9ailNo9es:The?n?t?al?nstalat?onofasphaltusesatleasttwol?ftsFortwo separateappl?cat?onsofasphaltFoHerthebasecourseJThef?rstl?ft?stheb?nKercourseJ TheseconKl?ft?sthewear?ngcourseJThewear?ngcoursecompr?sesaf?neraggregate fora smootherFmore watert?ghtf?n?shJ  The folow?ng K?agram  Kep?ctsthe typ?cal componentsalthough?tmaynotreflecttheactualconf?gurat?onatAMSCD:

  hemannerofrepavingiseitheramiIandoverIayortotaIrepIacement. AmiIand overIayisamethodofrepavingwherecracked,wornandfaiIedpavementismechanicaIy  removedormiIeduntiIsoundpavementisfound.AnewIayerofasphaItisoverIaidatop theremainingbasecourseofpavement. otaIrepIacementincIudestheremovaIofaI existingasphaItdowntothebasecourseofaggregateandnativesoiIfoIowedbythe  appIicationoftwoormorenewIiftsofasphaIt.WerecommendmiIandoverIaymenton asphaItpavementthatexhibitsnormaIdeteriorationandwear.  WerecommendtotaI repIacementofasphaItpavementthatexhibitsseveredeterioration,inadequatedrainage,      pavementthathasbeenoverIaidmuItipIetimesinthepastorwheretheconfiguration    makes overIaymentnotpossibIe. 8ased on the apparentvisuaIcondition and configurationoftheasphaItpavement,werecommendthemiIandoverIaymethodof repavingatAMSCD.
Preventative Maintenance Notes: We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIifeH
AnnuaIyH
InspectforsettIement,Iargecracksandtriphazards,andensure  properdrainage
Repairareaswhich couId cause vehicuIardamage such as pothoIes
AsneededH
Perform patching
PriorityOCriticaQity:DeferonIyuponopinionofindependentprofessionaIorengineer
RSTenUitVreWetaiQNotes:XxpendituretimingandcostsaredepictedintheYeserve RSTenUitVrestabIeinSectionZ. [urcostformiIingandoverIaymentincIudesarea

patchingofuptotenpercent(10%). Additionaly,ourestimateofcostincludesa alowanceforthereplacementofthemasonrypaversattheround4a4bouts.

AsphaltPavement,Repaving,WalkingPaths
LineItem:4.080
Quantity: 37,300squareyardsofasphaltpavementwalkingpathsadjacenttomain roadsandatLakePark
History:Originaltoinstalationandofvaryingages
Condition:Fairtopooroveralwithcracks,damage,previousrepairs,andupliftevident.    TheasphaltpavementwalkingpathsalongAnthem Parkwayappeartogeneralybein goodconditionoveral.

Deteriorationofthepavementevident	Cracksevident

Cracksevident	Overview

 
Cracksevident	Deteriorationofthepavementevident

Cracksevident	Cracksevident

Cracksandprevio srepairsevident	 vervie  a ong!nthem Pk ".

 
 vervie  a ong nt em P  .	 vervie  a ong nt em P  .

 vervie  a ong nt em P  .	 vervie  a ong nt em P  .

 sp a tpavement a ingpat at a ePar minordeteriorationevident

 sp a tpavement a ingpat at a ePar minordeteriorationevident

 se u Li  e:15#to&0#yearswiththebenefitoftimeIypatchingandtheneedtomaintain asafepedestriansurface
Priority?Critica ity:DeferonIyuponopinionofindependentprofessionaIorengineer
DEFenditureIetai Jotes:KxpendituretimingandcostsaredepictedintheMeserNe DEFenditurestabIeinOectionP.TheDistrictpIansfortherepIacementofthewaIking pathsin conjunction  with the adjacentasphaItpavementstreet(s)miIand overIay event(s).

BridgeandBoxCulvertCrossings
LineItems:4.090and4.091
Quantity:TheDistrictisresponsibIeforthefoIowing:
OnebridgeandtwoboxcuIvertcrossings
575IinearfeetofironraiIingsatthebridgeandboxcuIvertcrossings  History:Nomajorhistoryorrepairs
Condition:FairoveraIwithcrackshdeteriorationofthefinisheshandisoIatedvegetative growthevident

Railingconnection-typical	Railing-typical

 
Vegetativegrowthevident- eton t.	Vegetativegrowthevident- eton t.

RaiIings-finishfadeevident	Coatingfadeevident

Vegetativegrowthevident	0iIWeIIRd.entrance

 
0iIWeIIRd.entrance-raiIings	0iIWeIIRd.entrance-damagedmasonry
evident

0iIWeIIRd.entrance	PopeJohnPauIIIBIvd.

PopeJohnPauIIIBIvd.-raiIings	PopeJohnPauIIIBIvd.-coatingdeterioration
evident

PopeJohnPaulIIBlvd.-coatingdeteriorationevident
Usefu%Life:)nspections,paintfinishapplicationsandcapitalrepairsevery15=to20= years.Withproperongoingmaintenance,railingshaveausefullifeofupto30years.
PriorityKCritica%ity:Deferonlyuponopinionofindependentprofessionalorengineer
ExpenditureUetai%Votes:WxpendituretimingandcostsaredepictedintheYeserZe ExpenditurestableinSection3.Ourestimateofcostforinspections,paintfinishesand capitalrepairsincludesthefolowing:
Repairstotheunderlyingstructuralconcrete
Paintcoatingapplications,whereapplicable
Repairstotherailings

CatchBasins
LineItems:4.100and4.101
Quantity:TheDistrictisresponsibleforthefolowing:
Approximately2,300catchbasinstlocatedatthemainroadsbasedonreviewof informationprovidedbytheDistrict.
Catchbasinsassociatedwithstorm drainagepipesandoutflowdeviceslocatedat ponds.
History:Original
Condition:Fairoveral

1Weutilizetheterminologycatchbasintorefertoalstorm watercolectionstructuresincludingcurbinlets.

 
Catchbasin-typical	Catchbasin-typical

Catchbasin-typical	Catchbasin-typical
 se  !"i  e:%heusefuIIifeofcatchbasinsisupto45years.9owever<achievingthis usefuIIifeusuaIyrequiresinterim  capitaIrepairsorpartiaIrepIacementsevery@5-toBC- years.
CoFGonentJetai!Notes:ErosioncausessettIementaroundthecoIarofcatchbasins. Oeftunrepaired<theentirecatchbasinwiIshiftandneedrepIacement.
Preventative Maintenance Notes:  We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIifeX
AnnuaIyX
InspectandrepairanysettIementandcoIarcracks
EnsureproperdrainageandinIetsarefreeofdebris
IfpropertydrainageisnotadequateinheavyrainfaIevents< typicaIybi-annuaIcIeaningofthecatchbasinsisrecommended
Priority_Critica!ity:DeferonIyuponopinionofindependentprofessionaIorengineer

ExpenditureDetaiINotes:ExpendituretimingandcostsaredepictedintheReserve ExpenditurestableinSection3. Wedepictcapitalrepairstothecatchbasinsina phasedmannerwithapproximatelyfivepercentF5HIofthetotalJuantityperevent.We areinformedtheDistricthasbudgeted$1,500,000in2044forinspectionsandcapital repairsofstorm drainagepipesandoutflowdevices.

ConcreteCurbsandGutters
LineItem:4.110
Quantity:Approximately168,600linearfeetlocatedatmainroads
_ondition:`oodtofairoveralwithminordamage,deteriorationoftheconcrete,and minorcracksevident

Concretecurbsandgutters-overv ew	Concretecurbsandgutters-overv ew

Concretecurbsandgutters-overv ew	Concretecurbsandgutters-overv ew

 
Conereteeurbsandgutters-overview	Conereteeurbsandgutters-deteriorationo  the
eonereteevident

Conereteeurbsandgutters-deteriorationo the Conereteeurbsandgutters-deteriorationo the

eonereteevident

Conereteeurbsandgutters-deteriorationo the eonereteevident

eonereteevident

Conereteeurbsandgutters-overview

 
Con rete  r sandg tters-overvie	Con rete  r sandg tters-overvie 

Con rete  r sandg tters-overvie	Con rete  r sandg tters minor ra  s
evident

Con rete  r sandg tters-overvie	Con rete  r sandg tters-overvie 

Conereteeurbsandgutters-overview
Usefu/Life:Upto65yearsaIthoughinterim deteriorationofareasiscommon
Preventative Maintenance Notes:  We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIifeJ
AnnuaIyJ
Inspectandrepairmajorcracks,spaIsandtriphazards
MarkwithorangesafetypaintpriortorepIacementorrepair
Repairorperform concreteIeveIinginareasinimmediateneed ofrepairorpossibIesafetyhazard
PriorityVCritica/ity:DeferonIyuponopinionofindependentprofessionaIorengineer
YZ[enditure]etai/Notes:^xpendituretimingandcostsaredepictedinthe_eserve YZ[enditurestabIein`ection3.Weestimatethatupto33,c50Iinearfeetofcurbsand gutters,ortwentypercente20/hofthetotaI,wiIrequirerepIacementduringthenext30 years.

ConereteSidewalks
LineItem:4.140
Quantity:ApproximateIy428,800squarefeet
Condition:FairoveraIwithrepairsandpartiaIrepIacements,cracks,damage,upIift,and triphazardsevident

 
Coneretesidewalks-overview	Coneretesidewalks-overview

Coneretesidewalks-patehrepairsevident	Coneretesidewalks-overview

Coneretesidewalks-AveMariaBlvd.-upli!t evident

Coneretesidewalks-AveMariaBlvd.-upli!t evident

 
Coneretesidewalks-AveMariaBlvd.-overview  Coneretesidewalks-AveMariaBlvd.-previo  s
patehrepairsevident

Coneretesidewalks-AveMariaBlvd.-griding repairsevident

Coneretesidewalks-gridingrepairsevident

 
Coneretesidewalks-overview	Coneretesidewalks-overview

 
Coneretesidewa ks-overview	Coneretesidewa   ks-grindingrepairsevident

Coneretesidewa ks-eraeksandgrindingrepairs evident

Coneretesidewa   ks-grindingrepairsevident

 
Coneretesidewa ks-grindingrepairsevident	Coneretesidewa   ks-grindingrepairsevident

 
Concreteside aI s grindingrepairsevident	Concreteside aI s overvie 

Concreteside aI s previo spartiaI repIacementsevident

Concreteside aI s previo spartiaI repIacementsevident

Concreteside aI s previo spartiaI repIacementsevident

Concreteside aI s nt em Par a  grinding repairsevident

 
ConeretesidewaIks-Anthem Parkway-grinding  ConeretesidewaIks-Anthem Parkway-partiaI

repairsevident

ConeretesidewaIks-Anthem Parkway-partiaI repIaeementsevident

ConeretesidewaIks-Pope ohnPauI""BIvd.- grindingrepairsevident

repIaeementsevident

ConeretesidewaIks-Pope ohnPauI""BIvd.- overview

ConeretesidewaIks-Pope ohnPauI""BIvd.- grindingrepairsevident

 

ConeretesidewaIks-Pope ohnPauI !Ivd.- upIiftevident

ConeretesidewaIks-ArthrexCommeree- overview

ConeretesidewaIks-ArthrexCommeree- overview

ConeretesidewaIks-grindingrepairsevident

 
ConeretesidewaIks-grindingrepairsevident	ConeretesidewaIks-grindingrepairsevident
Usefu/Life:Upto65yearsalthough=nter=m deter=orat=onofareas=scommon

Preventative Maintenance Notes: We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIife:
AnnuaIy:
Inspectandrepairmajorcracks,spaIsandtriphazards
MarkwithorangesafetypaintpriortorepIacementorrepair
Repairorperform concreteIeveIinginareasinimmediateneed ofrepairorpossibIesafetyhazard
PriorityICriticaKity:DeferonIyuponopinionofindependentprofessionaIorengineer
MNOenditureRetaiKNotes:SxpendituretimingandcostsaredepictedintheTeserve MNOenditurestabIeinUection3.WeestimatethatuptoXX,220squarefeetofconcrete sidewaIks,oreighteenpercent\18o`ofthetotaI,wiIrequirerepIacementduringthenext 30years.

IrrigationSystem,Landscaping
LineItem:4.400
Condition:ReportedunsatisfactorywithoperationaIdeficienciesduetoeIectricaIwiring issues.
lsemuKLime:IrrigationsystemshaveusefuIIifeofupto35years.Attherequestofthe District,weincIudeanaIowanceforpartiaIrepIacementsoftheeIectricaIconveyance wires,conduitsandirrigationcIocksbeginningin2026andconcIudingby2034
PriorityICriticaKity:DeferonIyuponopinionofindependentprofessionaIorengineer
MNOenditureRetaiKNotes:SxpendituretimingandcostsaredepictedintheTeserve MNOenditurestabIeinUection3.Ourestimateofcostisbasedoninformationprovided bytheDistrict.

LightPolesandFixtures
LineItem:4.560
Quantity:TheDistrictmaintainsthefoIowing:
291FibergIassIightpoIesandfixtures.ThisquantityincIudestheLakePark fibergIassIightpoIesandfixtures
168GaIvanizedIightpoIesandfixtures
134ConcreteIightpoIesandfixtures History:OriginaI
Condition:GoodoveraIwithisoIatedfinishfadeevident

 
Lightpolesandfixtures-fiberglass-overview   Lightpolesandfixtures-fiberglass-finishfade
evident

Lightpolesandfixtures-galvani!ed-overview Lightpolesandfixtures-galvani!ed-finishfade
evident

Lightpolesandfixtures-concrete-typical
UsefuILife:WerecommendthefoIowingusefuIIivesforrepIacementA

Upto35yearsforthefibergIassIightpoIesandfixtures
ConcreteIightpoIesandgaIvanizedIightpoIeshaveanindeterminateusefuIIife.Atthe requestoftheDistrict,weexcIudetherepIacementoftheconcreteandgaIvanizedIight poIesduringthenext30years.UpdatesofthisReserveStudymayconsiderpossibIe changesintheanticipatedscopeofwork,futurecosts,andtimingoftheseactivities.
Preventative Maintenance Notes: We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIifeL
As-neededL
InspectandrepairbrokenordisIodgedfixtures,andIeaningor    damagedpoIes
RepIacedburnedoutbuIbsasneeded
PriorityQCriticaIity:DeferonIyuponopinionofindependentprofessionaIorengineer
ExpenditureDetaiINotes:ExpendituretimingandcostsaredepictedintheReserve ExpenditurestabIeinSection3.0urestimateofcostsfortherepIacementoftheIight poIesandfixturesisbasedonhistoricaIinformationprovidedbytheDistrict.

Signage,EntraneeFeatures,
LineItems:4.800and4.801
iuantity:TheDistrictisresponsibIefortwopropertyidentificationentrancefeaturesat CampKeaisRoad(CKR)andat0iIWeIRoad(0WR).TheentrancefeaturesincIude thefoIowingeIementsL
Lightfixtures
Letters
PIasterfinishesatthefountains
Stoneveneer
Paintfinishes
MechanicaIequipmentandfiItersforthefountains
Fountainheads
RetainingwaIfortheIandscaping
History:
TheCKRentrancefeatureisoriginaIwithahistoryofas-needed   repIacementsofthemechanicaIequipmentforthefountains
The0WRentrancefeaturewasrenovatedin2024atthecostof
$1,800,000.
Condition:Thefountainandmonumentstructureappearedtobeingoodconditionwith ongoingissueswiththemechanicaIequipmentreported

 
CKRMonumentsignage-overview	CKRFountainfinishes

CKRStoneveneer-typicaI	CKRStoneveneer-minoreffIorescenceevident

0WRmechanicaIequipment-overview	TypicaIIightfixtures

 
OWRfountainandmonumentsignage	OWRfountainandmonumentsignage

OWRfountainfinishes	OWRthinstoneveneer

OWRpaintfinishes	TypicaImechanicaIequipment

 
OWRretainingwaIIandIandscaping	OWRretainingwaIIandIandscaping
UsefuILife:Werecommendrenovationsuptoevery20years.
ComponentDetaiINotes: CommunitysignagecontributestotheoveraIaesthetic appearanceofthepropertytoownersandpotentiaIbuyers.RenovationorrepIacement ofcommunitysignsisoftenpredicateduponthedesiretoJupdateJtheperceivedidentity ofthecommunityratherthanforutiIitarianconcerns.Therefore,thespecifictimesfor repIacementorrenovationarediscretionary.
Preventative Maintenance Notes:  We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIifeT
AnnuaIyT
Inspectandrepairdamage,vandaIism andIoosecomponents
VerifyIightingisworkingproperIy
Touch-uppaintfinishappIicationsifappIicabIe
Priority]CriticaIity:DeferonIyuponopinionofindependentprofessionaIorengineer
ExpenditureDetaiINotes:ExpendituretimingandcostsaredepictedintheReserve ExpenditurestabIeindectione.WeareinformedtheDistricthasbudgetedf1,500,000 forrenovationofCKRentrancefeaturein2028.Ourcostforrenovationsisbasedon informationprovidedbytheDistrict.

Signage,StreetandTraffic
LineItem:4.810
Quantity:ApproximateIy475trafficmanagementsigns History:Variedagesduetoahistoryofongoingrepairs
Condition: uoodtofairoveraIwithdamage,finishfade,signagedeterioration,and isoIatedIocationsofIeaningpostsevident

 
Signage-typical	Signage-typical

Signage-typical	Signage-typical

Signage-typical	Signage-damageevident

 
Signage-typical	Signage-finishfadeevident

Signage-typical	Signage-finishfadeevident

Signage-damageevident	Signage-signdeteriorationevident

Signage- eaningsignpostsevident
UsefulLife:15-to20-years
ComponentDetailNotes: ThecommunitysignscontributetotheoveraIaesthetic appearanceofthepropertytoownersandpotentiaIbuyers.RepIacementofcommunity signsisoften predicated  upon the desire to •update•the perceived identityofthe community ratherthan forutiIitarian  concerns.  Therefore,the specific  time for repIacementofthesignsisdiscretionary.
Preventative Maintenance Notes: We note the foIowing seIectrecommended preventativemaintenanceactivitiestomaximizetheremainingusefuIIife:
AnnuaIy:
Inspectandrepairdamage,vandaIism andIoosecomponents
VerifyIightingisworkingproperIyifappIicabIe
Touch-uppaintfinishappIicationsifappIicabIe
Priority\Criticality:DeferonIyuponopinionofindependentprofessionaIorengineer
^_pen`itureDetailNotes:axpendituretimingandcostsaredepictedinthebeserve
^_pen`iturestabIeinsectiond.Dueto historyofas-neededrepIacements,wedepict repIacementsinaphasedmannerincoordinationwiththeasphaItpavementmiIand overIayevents

ReserveStudyUpdate
An ongoing review  bythe Board and an Update ofthisReserve studyare necessarytoensureanequitabIefundingpIansinceaReservestudyisasnapshotin time.kanyvariabIeschangeafterthestudyisconductedthatmayresuItinsignificant overfunding  orunderfunding the reserve account.   VariabIes  thatmay affectthe ReserveFundingPIanincIude,butarenotIimitedto:
DeferredoracceIeratedcapitaIprojectsbasedonopinionofindependent professionaIorengineer
Changesintheinterestratesonreserveinvestments

Changesinthe/oca/constructioninflationrate
AdditionsanddeletionstotheReserveComponentInventory
Thepresenceorabsenceofmaintenanceprograms
Unusualymildorextremeweatherconditions
Technologicaladvancements
9eriodicupdatesincorporatethesevariablechangessincethelastReserveStudy orUpdate.TheStewardshipCommunityDistrictcanexpensethefeeforanUpdatewith sitevisitfrom  thereserveaccount.ThisfeeisincludedintheReserve=unding9lan.We basethisbudgetaryamountonupdatingthesamepropertycomponentsand?uantities ofthisReserveStudyreport.WerecommendtheBoardbudgetforanUpdatetothis ReserveStudyeverythreeyears.BudgetingforanUpdatedemonstratestheBoardAs obBectivetocontinuefulfilingitsfiduciaryresponsibilitytomaintainthecommonlyowned propertyandtofundreservesappropriately.

METHODOLOGY
Reserves forrepIacementare  the  amounts ofmoney required  forfuture expenditurestorepairorrepIaceReserveComponentsthatwearoutbeforetheentire faciIityorprojectwearsout. ReservingfundsforfuturerepairorrepIacementofthe ReserveComponentsisaIsooneofthemostreIiabIewaysofprotectingthevaIueofthe property'sinfrastructureandmarketabiIity.
Ave Maria Stewardship  can fund capitaIrepairs  and repIacements in any combinationofthefoIowingK
1.Increasesintheoperatingbudgetduringyearswhentheshortagesoccur 2.LoansusingborrowedcapitaIformajorrepIacementprojects
3.LeveIannuaIreserveassessmentsannuaIyadjustedupwardforinfIation  toincreasereservestofundtheexpectedmajorfutureexpenditures
4.SpeciaIassessments
WedonotadvocatespeciaIassessmentsorIoansunIessneartermcircumstances dictateotherwise.AIthoughIoansprovideagraduaImethodoffundingarepIacement, thecostsarehigherthaniftheStewardshipCommunityDistrictweretoaccumuIate reservesaheadoftheactuaIrepIacement.InterestearningsonreservesaIsoaccumuIate inthisprocessofsavingorreservingforfuturerepIacements,therebydefrayingthe amountofgraduaIreservecoIections.WeadvocatethethirdmethodofUVWVXYZ[\]X^
_V`VaWVb``V``cV[\`withreIativeIyminorannuaIadjustments.Themethodensures thatOwnerspaytheir"fairshare"oftheweatheringandagingofthecommonIyowned propertyeachyear.LeveIreserveassessmentspreservethepropertyandenhancethe resaIevaIueofthehomes.
ThisReserveStudyisincompIiancewithandexceedstheNationaIstandards1set forth  by the  Association  ofProfessionaIReserve  AnaIysts iAPRAjfuIfiIing the requirementsofa"LeveIIFuIReserveStudy." ThesestandardsrequireaReserve somponenttohavea"predictabIeremainintusefuIvife."wstimatintRemainintusefuI LivesandReservexxpendituresbeyond30yearsisoftenindeterminate.Long-Lived PropertyxIementsarenecessariIyexcIudedfrom  thisanaIysis.  Weconsideredthe foIowingfactorsinouranaIysisK
TheCashFIowMethodtocompute,projectandiIustratethe30-year ReserveFundingPIan
LocaI2costsofmateriaI,equipmentandIabor
CurrentandfuturecostsofrepIacementfortheReserveComponents
CostsofdemoIitionaspartofthecostofrepIacement
LocaIeconomicconditionsandahistoricaIperspectivetoarriveatour
estimateofIong-term futureinfIationforconstructioncostsinAveMaria, FIoridaatanannuaIinfIationrate3.IsoIatedorregionaImarketsofgreater

1}dentifiedinthe~R~"€tandards-Termsand�efinitions"andtheCAI"TermsandDefinitions".
2SeeCredentiaIsforadditionaIinformationonouruseofpubIishedsourcesofcostdata.
3Derivedfrom    MarshaI‚Swift,historicaIcostsandtheƒureauofLaborStatistics.

construction(deveIopment)activitymayexperiencesIightIygreaterrates ofinfIationforbothconstructionmateriaIsandIabor.
ThepastandcurrentmaintenancepracticesofAveMariaStewardship andtheireffectsonremainingusefuIIives
FinanciaIinformationprovidedbytheCommunityDeveIopmentDistrict pertainingtothecashstatusofthereservefundandbudgetedreserve contribution
Theanticipatedeffectsofappreciationofthereservesovertimeinaccord  withareturnoryieIdoninvestmentofyourcashe2uivaIentassets.(3e
didnotconsiderthecosts,ifany,ofFederaIandStateTaxesonincome derivedfrom interestand/ordividendincome).
TheFunding6IanexcIudesnecessaryoperatingbudgetexpenditures.7t isourunderstandingthatfutureoperatingbudgetswiIprovideforthe
ongoingnormaImaintenanceofReserveComponents.
9pdatestothisReserveStudywiIcontinuetomonitorhistoricaIfactsandtrends  concerningtheexternaImarketconditions.

CREDENTIALS
HISTORYANDDEPTHOFSERVICE
Foundedin'99')ReserveAdvisorsistheIeadingproviderofreservestudies)insurance appraisaIs)deveIoperturnovertransitionstudies)expertwitnessservices)andotherengineering consuItingservices.CIientsincIudecommunityassociations)resortproperties)hoteIs)cIubs)non- profitorganizations)apartmentbuiIding  owners)reIigious and  educationaIinstitutions)and office@commerciaIbuiIdingownersinA8states)CanadaandthroughouttheworId.
ThearcE tectFraleng neer ngconsFlt ngH rI wasformedtotakeaIeadershiproIein heIpingfiduciaries)boards)andpropertymanagersmanagetheirpropertyIikeabusinesswitha  Iong-rangemasterpIanknownasaReserveStudy.
ReserveAdvisorsempIoysthelargeststaHHoHReserLeSpec al stswithbacheIorNs degreesinengineeringdedicatedtoReserveStudyservices.OurfoundersareaIsofoundersof CommunityAssociationsPnstituteQsRCAPSReserveCommitteethatdeveIopednationaIstandards forreservestudyproviders. OneofourfoundersisaPastPresidentoftheAssociationof ProfessionaIReserveAnaIystsRAPRAS.OurvastexperiencewithavarietyofbuiIdingtypesand ages)on-siteexaminationandhistoricaIanaIysesarekeystodeterminingaccurateremaining usefuIIifeestimatesofbuiIdingcomponents.
NoConHl ctoHInterest-AsconsuItingspeciaIists)our ndependentop n oneIiminates anyreaIorperceivedconfIictofinterestbecausewedonotconductormanagecapitaIproUects.
TOTALSTAFFINVOLVEMENT
SeveraIstaffmembersparticipateineachassignment.TheresponsibIeadvisorinvoIves  thestaffthroughaTeam Review)excIusivetoReserveAdvisors)andbyutiIizingtheexperience ofotherstaffmembers)eachofwhom hasservedhundredsofcIients.WeconductTeam Reviews)aninternaIquaIityassurancereview ofeachassignment)incIudingYtheinspectionZ buiIdingcomponentcostingZIifingZandtechnicaIreportphasesoftheassignment.Duetoour extensiveexperiencewithbuiIdingcomponents)wedonothaveaneedtoutiIizesubcontractors.
OURGOAL
To   heIpourcIientsfuIfiItheirfiduciaryresponsibiIitiestomaintainpropertyingood condition.
VASTEXPERIENCEWITHAVARIETYOFBUILDINGS
ReserveAdvisorshasconductedreservestudiesforamuItitudeofdifferentcommunities andbuiIdingtypes.WeQveanaIyzedthousandsofbuiIdings)fromassmaIasa3)500-squarefoot daycarecentertoa2)600)000-squarefoot98-storyhighrise.WeaIsoroutineIyinspectbuiIdings withvarioustypesofmechanicaIsystemssuchassimpIeeIectricheat)tocompIexsystemswith airhandIers)chiIers)boiIers)eIevators)andIifesafetyandsecuritysystems.
WeQrefamiIiarwithaItypesofbuiIdingexteriorsasweI.OurweI-versedstaffreguIarIy identifiesoptimaIrepairandrepIacementsoIutionsforsuchbuiIdingexteriorsurfacessuchas adobe)brick)stone)concrete)stucco)EPFS)woodproducts)stainedgIassandaIuminum siding) andwindowwaIsystems.
OLDTONEW
ReserveAdvisorsNexperienceincIudesornateandvintagebuiIdingsasweIasmodern structures.OurspeciaIistsarenostrangerstooIderbuiIdings.WeQreaccustomedtoaddressing theuniquechaIengesposedbybuiIdingsthatdatetothe'800Qs.Werecognizeandconsiderthe methodsofconstructionempIoyedintoouranaIysis.WerecommendappropriaterepIacement programsthatappIycosteffectivetechnoIogieswhiIemaintainingabuiIdingQscharacterand appeaI.

ALEXANDERG.J.GOULD
ResponsibleAdvisor

CURRENTCLIENTSERVICES
AlexanderGouldisanAssociateEngineerforReserveAdvisors,LLC.Mr.
Gouldisresponsiblefortheinspectionandanalysisoftheconditionof
clientsBproperty,andrecommendingengineeringsolutionstoprolongthe livesofthecomponents.Healsoforecastscapitalexpendituresforthe
repairand/orreplacementofthepropertycomponentsandprepares
technicalreportsonassignments.HeisresponsibleforconductingLife   CycleCostAnalysisandCapitalReplacementForecastservicesandthe preparationofReserveStudyforcondominiums,townhomesand
homeownersassociations.
ThefolowingisapartiallistofclientsservedbyAlexanderGould demonstratinghisbreadthofexperientialknowledgeofcommunity associationsinconstructionandrelatedbuildingssystems.

VeMonaaQRenaSssanceHomeowneMsYAssocSaQSon[\nc]-LocatedinSunCityCenter,Florida,this communityconsistsof244residentialunits.Theunitsareamixtureofsinglefamilyhomes
andduplexunitsthatarecomprisedofpaintedstuccoexteriorwalsandasphaltshingleroofs.
aestbroobEstatescomeoenersAssociationgInc.-hijkilmnlopnqkrskkltjsujlpjkvltsunwjp WesleyChapel,Floridafeaturessinglefamilyhomes,multipleponds,andaswimmingpool withapoolhouselocatedatthecenterofthecommunity.
RemingtonReserveCondominium  Association-Thiscondominium associationlocatedinNaples, Floridawasconstructedin2007.Thecommunityiscomprisedof48unitsin2buildings.The buildingsarecomprisedofpaintedstuccoexteriorwals,concretetileroofs,andbalconies
locatedonthefrontandsidesofthebuildings.Additionalythepropertyhasaclubhouseand aswimmingpool.
NoQQSngham VSƒƒasaQKSngsPoSnQHomeowneMsYAssocSaQSon[\nc]-LocatedinSunCityCenter, Florida,thiscommunityiscomprisedofduplexstylehomesthatwereconstructedin203.
Thecommunitysharestheresponsibilityofthecommonareasofthecommunitywithamaster association.
AMboMRSdgeHomeowneMsYAssocSaQSonoŠApopka[\nc]-LocatedinApopka,Florida,thisproperty iscomprisedof437singlefamilyhomesthatwereconstructedin200�.lnadditiontothe
singlefamilyhomes,thepropertycontainsaswimmingpool,ponds,andanextensivesystem  oflargemasonryretainingwals.

PRIORRELEVANTEXPERIENCE
Before�oiningReserve–—vis™rsš››œ,Mr.GouldwasanAssistantSuperintendentforacommercial  constructionfirm    thatspecializedinairportconstruction.Hewasresponsibleforthesuccessful
completionoflargescalerenovationpro�ectsofairportinfrastructurewhileensuringthattheairport   remainedatanon-reducedoperatingcapacity.
EDUCATION
UniversityofSouthFlorida-B.S.CivilEngineering
PROFESSIONALAFFILIATIONS/DESIGNATIONS
ReserveSpecialist(RS)-CommunityAssociationlnstitute(CAl)
)

NANCYS.DANIEL,P.E.,RS
RegionalEngineeringManagerandResponsibleAdvisor

CURRENTCLIENTSERVICES
NancyS.Daniel,aMechanicalEngineer,isanAdvisorforReserveAdvisors.
Ms.Danielisresponsiblefortheinspectionandanalysisoftheconditionof
clients'properties,andforrecommendingengineeringsolutionstoprolongthe livesofthecomponents.Sheforecastscapitalexpendituresfortherepair
and/orreplacementofthepropertycomponentsandpreparestechnicalreports onassignments.SheisalsoresponsibleforconductinglifeCycleCost
AnalysesandCapitalReplacementForecastservicesandthepreparationof ReserveStudyReportsforapartments,condominiums,townhomesand
homeownerassociations.
ThefolowingisapartiallistofclientsservedbyNancyDanieldemonstrating  herbreadthofexperientialknowledgeofcommunityassociationsin
constructionandrelatedbuildingssystems.
TUeenXsZa\]oU\_acabancdoUnb\ydfU]Owne\sAssocjabjonklncm-AnexclusiveMaster
plannedcommunityforthecommonelementssharedbyo,000singlefamilyhomes.located   insacksonvize|Fzo~ida|€heQueen„sHa~bou~Yach€andCoun€~yCzubOwne~sAssocia€ion
containsamarina,alockanddam,seawals,aswelascommunitycenter,fitnesscenterand maintenancefacility.
RivieraDunesMarina-Apremiermarinawith2o9wetslipswithslipsizesuptoo00feetlocated nearBradenton,Florida.Thecommunitycontainsfloatingdocks,utilityandpumpout
services,marinafuelstation,floatingpools,adockmasteroffice,andrestaurant.
PGAVjffageP\ope\byOwne\sXAssocjabjon-A3,000˜acreMasterplannedcommunitylocatedin PortSt.lucie,Florida.Theexclusivecommunityconsistsof2,500single˜familyhomes,
townhomesandcondominiums.ThePGAVilagecontainsaclubhouseandpoolarea,  approximately33milesofpavedstreets,irrigationdistributionsystems,and46lakes.
YCCoconutGroveHotelandCondominium  -A24˜storyhigh˜risecondominium communitywith 2oounits,locatedinMiami,Florida.Thisal˜inclusivecondominium includesacommercial hotel,restaurants,fitnesscenter,pool,parkinggarage,andbuildingservicesequipment.
JadeSignatureCondominium  -A57˜storyhigh˜risecondominium communitywitho93units, locatedinSunnylslesBeach,Florida.Thisexclusivecondominium containsaspaand welnesscenter,restaurants,poolsandspas,parkinggarage,andbuildingservices
equipment.
VeroBeachMuseum    o©Art-Anonprofitartmuseum   fortheappreciationandteachingofthearts
andhumanities,locatedinVeroBeach,Florida.Themuseum containsartgaleries,sculpture ga~dens|pe~¬o~mancehazs|a~€s€udios|chizd~en„sa~€zone|andbuizdingse~vicesequipmen€.

PRIORRELEVANTEXPERIENCE
Before²oiningReserveAdvisors,Ms.DanielwasalicensedCommunityAssociationManagerfor
Condominium  AssociatesinTampa,Florida.Ms.DanielalsowasemployedasaProcessEngineerfor AnheuserBuschandlockwoodGreeneEngineering.Shewasresponsibleforprocessengineering
design,constructionandprocessstart˜upforbeveragemanufacturingfacilitiesacrosstheUnited  States.ShehasalsoservedasaBoardMemberandTreasurerforhercondominium association.
EDUCATION
Universityofllinois-B.S.MechanicalEngineering
NorthCarolinaStateUniversity-M.A.HumanitiesandSocialSciences
PROFESSIONALAFFILIATIONS
ProfessionalEngineer(P.E.)-StateofTexas
ReserveSpecialist(RS)-CommunityAssociationslnstitute
LicensedCommunityAssociationManager(LCAM)-StateofFlorida

TAMARAS.SAMHOURI,E.I.,RS

SoutheastQuaIityAssuranceEngineer

CURRENTCLIENTSERVICES
TamaraSamhouri,aCiviIEngineer,isanAdvisorforReserveAdvBsorsDMrs.
SamhouriisresponsibIefortheinspectionandanaIysisoftheconditionof
cIientsLproperties,andrecommendingengineeringsoIutionstoproIongtheIives ofthecomponents.SheaIsoforecastscapitaIexpendituresfortherepairandIor repIacementofthepropertycomponentsandpreparestechnicaIreportson
assignments.SheisresponsibIeforconductinglifeCycIeCostAnaIysesand CapitaIRepIacementForecastservicesandthepreparationofReserveStudy Reportsforcondominiums,townhomesandhomeownerassociations.

ThefoIowingisapartiaIIistofcIientsservedbyTamaraSamhouridemonstratingherbreadthof experientiaIknowIedgeofcommunityassociationsinconstructionandreIatedbuiIdingssystems.

NorthLakeatTarponSpringsHomeownersAssociationlocatedinTarponSprings,FIorida,this singIefamiIydeveIopmentconsistsof122homesbuiItin1999.TheAssociationmaintainsthe  asphaItpavementstreetsystems,ponds,gates,signage,&aboardwaIkanddockassembIy.
TaIonBayPropertyOwnersAssociationThisHomeownersAssociationIocatedinNorthPort,
FIoridaiscomprisedof2``singIeunithomes.ThecIubhouseinthiscommunityincIudesa
fitnesscenter,kitchen,restrooms,andapatioIeadingtoapooIdeck.ThecIubhouseandgate housewereconstructedwithstuccofaaadeandametaIroofassembIy.TheAssociation
maintainsasphaItpavementstreetsystems,tennisandshuffIeboardcourts,andgates.
LakeHighIanderResidentOwnedAssociationThisCooperativestyIedeveIopmentIocatedin bunedin,FIoridaiscomprisedof29`homesbuiItinthe19c0s.Thecommunitymaintains
amenities,suchasaIaundryroom,pooIhaI,Iibrary,office,andcIubhouse.TheCooperative maintainsthesubsurfacepipes,eIectricmeterpaneIs,andbridgesthroughoutthecommunity.
RoyaIPointeatMaeesticPaImsRecreationAssociationandCondominium AssociationsThe
RecreationAssociationisresponsibIefortheeIementssharedbyfivecondominium buiIdings. TheRecreationAssociationmaintainsthepooIamenities&asphaItpavementstreetsystems.
TheCondominium AssociationsareresponsibIefortheirbuiIdingexteriorscomprisedof concretetiIeroofs,baIconies,breezeways,&staircases.TheCondominium  Associations
maintainthebuiIdingserviceeIements,incIudingIifesafetysystems,&domesticwaterpumps.
PRIORRELEVANTEXPERIENCE
BeforeioiningReserveAdvBsorsjMrs.SamhourisuccessfuIycompIetedthebacheIorsprogram in CiviIEngineeringfrom TheUniversityofSouthFIorida.ShehasexperienceasaTransportation
PIanninglnternatAECOM,theworIdLspremierinfrastructureconsuItingfirm,whereshegained
knowIedgeonthesafetyanddesignofspeciaIizedroadwaynetworks.Mrs.Samhourihasanexpertise  intransportationandgeotechnicaIengineeringinfrastructure.
EDUCATION
UniversityofSouthFIorida-B.S.CiviIEngineering
PROFESSIONALAFFILIATIONS/DESIGNATIONS
EngineeringIntern(E.I.)-FIorida,2021-present
AmericanSocietyofCiviIEngineers(A.S.C.E.)-FIorida,2015-present InstituteofTransportationEngineers(I.T.E.)-FIorida,2015-present
ReserveSpeciaIist(RS)-CommunityAssociationlnstitute(CAl)

ALANM.EBERT,P.E.,PRA,RS
DirectorofQuaIityAssurance

CURRENTCLIENTSERVICES

AIanM.Ebert,aProfessionaIEngineer,istheDirectorofQuaIityAssurancefor ReserveAdvisors.Mr. EbertisresponsibIeforthemanagement,review  and quaIityassuranceofreservestudies.lnthisroIe,heassumestheresponsibiIity ofstringentreportreviewanaIysistoassurereportaccuracyandthebestsoIution forReserveAdvOsorsPcROents.

Mr.EberthasbeeninvoIvedwiththousandsofReserveStudyassignments.The foIowingisapartiaIIistofcIientsservedbyAIanEbertdemonstratinghisbreadth ofexperientiaIknowIedgeofcommunityassociationsinconstructionandreIated buiIdingssystems.
BrownsviIIeWinterHaven LocatedinBrownsviIe,Texas,thisunique
homeownersassociationcontains525units.TheAssociationmaintainsthreepooIsandpooI   houses,acommunityandmanagementoffice,Iandscapeandmaintenanceequipment,and
nineirrigationcanaIswithassociatedinfrastructure.
RosemontCondominiums Thisuniquecondominium isIocatedinAIexandria,Virginiaanddatesto thede40hs.Thetwomid-risebuiIdingsutiIizedecorativestoneandbrickmasonry.The
deveIopmentfeaturescommoninteriorspaces,muIti-IeveIwoodbaIconiesandcommon asphaItparkingareas.
StiIIwaterHomeownersAssociation LocatedinNaperviIe,lIinois,StiIwaterHomeowners
Associationmaintainsfourtenniscourts,anOIympicsizedpooIandanupscaIebaIroom with commerciaI-gradekitchen.ThecommunityaIsomaintainsthreestorm waterretentionponds andadetentionbasin.
BirchfieIdCommunityServicesAssociation ThisextensiveAssociationcomprisessevenseparate parceIswhichincIude505townhomeandsingIefamiIyhomes.ThisCommunityServices
AssociationisIocatedinMt.LaureI,Newpersey.ThreeIakes,apooI,acIubhouseand
managementoffice,woodcarports,aIuminum siding,andasphaItshingIeroofsareafewof theeIementsmaintainedbytheAssociation.
OarridgeManorCondominium  Association  LocatedinLondonderry,NewHampshire,this
AssociationincIudesd04unitsatd3buiIdings.lnadditiontoextensiveroadsandparking
areas,theAssociationmaintainsaIargesepticsystem andsignificantconcreteretainingwaIs.
MemoriaILoftsHomeownersAssociation ThisupscaIehighriseisIocatedinHouston,Texas.The 20IuxuryunitsincIudeIargebaIconiesanddecorativeinteriorhaIways.Thed0-storybuiIding utiIizesapaintedstuccofacadeandTPOroof,whiIeanon-gradegarageservesresidentsand guests.

PRIORRELEVANTEXPERIENCE
Mr.EbertearnedhisBacheIorofSciencedegreeinGeoIogicaIEngineeringfrom theUniversityof Wisconsin-Madison.HisreIevantcourseworkincIudesfoundations,retainingwaIs,andsIopestabiIity. BeforexoiningReserveAdvisors,Mr.EbertwasanoiIfieIdengineerandtestedandevaIuatedhundreds ofoiIandgasweIsthroughoutNorthAmerica.
EDUCATION
UniversityofWisconsin-Madison-B.S.GeoIogicaIEngineering
PROFESSIONALAFFILIATIONS/DESIGNATIONS
|r~essi~ƒal†ƒ‡iƒeeriƒ‡ˆiceƒseŠWisconsin,NorthCaroIina,lIinois,CoIorado ReserveSpecialist(RS)-CommunityAssociationslnstitute
|r~essi~ƒalReserve“ƒal”st(|R“)-AssociationofProfessionaIReserveAnaIysts

RESOURCES
ReserveAdvisorsutilizesnumerousresourcesofnationalandlocaldatatoconductits(rofessional Services. Aconciselistofseveraloftheseresourcesfolows-

Assoc at  ono1Construct on3nspectors56AC89thelargestprofessionalorganizationforthoseinvolvedin constructioninspectionandconstructionpro<ectmanagement.AC8isalsotheleadingassociationproviding standards5guidelines5regulations5education5training5andprofessionalrecognitioninafieldthathas quicklybecomeimportantprocedureforbothresidentialandcommercialconstruction5foundonthewebat www.iami.org.

Amer can Soc etyo1Heat ngDRe1r gerat ngand A r-Cond t  on ngEng neersD3nc.56ASHRAF9the AmericanSocietyofHeating5RefrigeratingandAirGConditioningFngineers58nc.5devotedtotheartsand sciencesofheating5ventilation5airconditioningandrefrigerationHrecognizedastheforemost5authoritative5 timelyandresponsivesourceoftechnicalandeducationalinformation5standardsandguidelines5foundon thewebatwww.ashrae.org.ReserveAdvisorsactivelyparticipatesinitslocalchapterandholdsindividual memberships.

Commun tyAssoc at  ons3nst tute56CA89AmericaIsleadingadvocateforresponsiblecommunitiesnoted as the only nationalorganization dedicated to fostering vibrant5responsive5competentcommunity associations.Theirmissionistoassistcommunityassociationsinpromotingharmony5community5and responsibleleadership.

Marshall&Sw 1tOBoeckhR6MSTB9theworldwideproviderofbuildingcostdata5coGsourcingsolutions5and estimating technology for the property and casualty insurance industry found on the web at www.marshalswift.com.

R.S.MeansCostWorks5NorthAmericaIsleadingsupplierofconstructioncostinformation.Asamember oftheConstructionMarketOataGroup5MeansprovidesaccurateandupGtoGdatecostinformationthathelps owners5developers5architects5engineers5contractorsandotherstocarefulyandpreciselypro<ectand  controlthe costofboth new building construction and renovation pro<ects found on the web at www.rsmeans.com.

Rese]veAdvaso]sclibraryofnumerousperiodicalsrelatingtoreservestudies5conditionanalyses5chapter communityassociations5andhistoricalcostsfrom thousandsofcapitalrepairandreplacementpro<ects5 andproductliteraturefrom manufacturersofbuildingproductsandbuildingsystems.

DEFINITIONS
Definitionsare derived from  the standardssetforth bythe CommunityAssociations,nstitute -CA,. representingAmerica1s305,000condominium andhomeownersassociationsandcooperatives,andthe AssociationofProfessionalReserveAnalysts,settingthestandardsofcareforreservestudypractitioners.
CashF=o> Method-AmethodofcalculatingReserveContributionswherecontributionstothereserve fundaredesignedtooffsetthevariableannualexpendituresfrom thereservefund.DifferentReserve FundingPlansaretestedagainsttheanticipatedscheduleofreserveexpensesuntilthedesiredfunding goalisachieved.
ComponentMethod-AmethodofdevelopingaReserveFundingPlanwiththetotalcontributionisbased onthesum    ofthecontributionsforindividualcomponents.
CurrentCostofRep=acement-Thatamountrequiredtodayderivedfrom thequantityofaReserve ComponentanditsunitcosttoreplaceorrepairaReserveComponentusingthemostcurrenttechnology andconstructionmaterials,duplicatingtheproductiveutilityoftheexistingpropertyatcurrentWoXaWmarket     pricesformater[aWs,Waborandmanufacturedequipment,contractors1overhead,profitandfees,but withoutprovisionsforbuildingpermits,overtime,bonusesforlabororpremiumsformaterialand   equipment.]eincluderemovalanddisposalcostswhereapplicable.
Fu==yFundedBa=ance-TheReservebalancethatisindirectproportiontothefractionoflife`usedup`of  thecurrentRepairorReplacementcostsimilartoTotalAccruedDepreciation.
FundingGoa=bThresho=dc-ThestatedpurposeofthisReservestudyistodeterminetheadequate,not excessive,minimalthresholdreservebalances.
FutureCostofRep=acement-Reserveefpeng[threderivedfrom theinflatedcurrentcostofreplacement orcurrentcostofreplacementasdefinedabove,withconsiderationgiventotheeffectsofinflationon    localmarketratesformaterials,laborandequipment.
Long-LivedPropertyComponent-PropertycomponentofAveMariastewardshipresponsibilitynotlikely torequirecapitalrepairorreplacementduringthenext30yearswithanunpredictableremainingUseful Lifebeyondthenext30years.
PercentFunded-Theratio,ataparticularpointoftime-typicalythebeginningoftheFiscalnear.,ofthe   actual-orprooected.ReserveBalancetotheFulyFundedBalance,expressedasapercentage.
Remaining Usefu= Life - The estimated remaining functionalor usefultime  in years of a ReserveComponentbasedonitsage,conditionandmaintenance.
ReserveComponent-Propertyelementswithrs.AveMariastewardshipresponsibilityt2.limitedUseful    Lifeexpectanciest3.predictableRemainingUsefulLifeexpectanciestand4.areplacementcostabove   aminimum threshold.
Reserve Component Inventory - Line ,tems in wxyxz{x |}~x€�‚ƒzxy that identify a ReserveComponent.
Reserve Contribution -An amountofmoneysetaside orReserve Assessmentcontributed to a ReserveFhngforfutureReserveefpeng[threstorepairorreplaceReserveComponents.
ReserveExpenditure-FutureCostofReplacementofaReserveComponent.
ReserveFundStatus-Theaccumulatedamountofreservesindolarsatagivenpointintime,i.e.,atyear end.
ReserveFunding P=an -TheportionoftheReservestudyidentifyingthe CashFWow  AnaWys[sand containingtherecommendedReserveContributionsandprooectedannualexpenditures,interestearned andreservebalances.
ReserveStudy-Abudgetplanningtoolthatidentifiesthecurrentstatusofthereservefundandastable andequitableFundingPlantooffsettheanticipatedfuturemaorcommonareaexpenditures.
Usefu=Life-TheanticipatedtotaltimeinyearsthataReserveComponentisexpectedtoserveitsintended functioninitspresentapplicationorinstalation.

PROFESSIONALSERVICECONDITIONS
OurServices #Reserve Advisors,LLC  01RA23performsitsservicesasan independentcontractorin accordancewithourprofessionaIpracticestandardsanditscompensationisnotcontingentuponourconcIusions.The purposeofourreservestudyistoprovideabudgetpIanningtooIthatidentifiesthecurrentstatusofthereservefund,     and an opinion recommending an annuaIfunding pIan,to create reserves foranticipated future repIacement expendituresofthesubEectproperty. Thepurposeofourenergybenchmarkingservicesistotrack,coIectand summarLzeOhesubRecOproperOy'senergyconsumpOLonoverOLme[oryouruseLncomparLsonwLOhoOherbuL]dLngso[ simiIarsizeandestabIishingaperformancebaseIineforyourpIanningofIong`term  energyefficiencygoaIs.
OurinspectionandanaIysisofthesubEectpropertyisIimitedtovisuaIobservations,isnoninvasiveandisnot meanttonordoesitincIudeinvestigationintostatutory,reguIatoryorcodecompIiance.RAinspectssIopedroofsfrom
thegroundandinspectsfIatroofswheresafeaccess0stairsorIadderpermanentIyattachedtothestructure3isavaiIabIe.     OurenergybenchmarkingserviceswithrespecttothesubEectpropertyisIimitedtocoIectingenergyandutiIitydata    andsummarizingsuchdataintheform ofanEnergyStarPortfoIioManagerReportoranyothersimiIarreport,and herebyexpressIyexcIudesanyrecommendationswithrespecttotheresuItsofsuchenergybenchmarkingservicesor  theaccuracyoftheenergyinformationobtainedfromutiIitycompaniesandotherthird`partysourceswithrespecttothe     subEectproperty. Thereservereportandanyenergybenchmarkingreport0i.e.,anyEnergyStarPortfoIioManager ReporO)hLnc]udLnganysubsequenOrevLsLonsOhereOopursuanOOoOheOermshereo[jco]ecOLve]yjOhe1ReporO2)arebased upona1snapshoOLnOLme2aOOhemomenOo[inspection. RAmaynotevisibIephysicaIdefectsintheReport.The inspectionismadebyempIoyeesgeneraIyfamiIiarwithreaIestateandbuiIdingconstruction.Excepttotheextent    readiIyapparenttoRA,RAcannotandshaInotopineonthestructuraIintegrityoforotherphysicaIdefectsinthe    propertyunderanycircumstances.WithoutIimitationtotheforegoing,RAcannotandshaInotopineon,norisRA   responsLb]e[orjOheproperOy'scon[ormLOyOospecificgovernmentaIcoderequirementsforfire,buiIding,earthquake,  occupancyorotherwise.
RAisnotresponsibIeforconditionsthathavechangedbetweenthetimeofinspectionandtheissuanceof  theReport.RAdoesnotprovideinvasivetestingonanymechanicaIsystemsthatprovideenergytotheproperty,nor  canRAopineonanysystemcomponentsthatarenoteasiIyaccessibIeduringtheinspection.RAdoesnotinvestigate,  norassumeanyresponsibiIityforanyexistenceorimpactofanyhazardousmateriaIs,suchasasbestos,urea`   formaIdehydefoam insuIation,otherchemicaIs,toxicwastes,environmentaImoIdorotherpotentiaIyhazardous materiaIsorstructuraIdefectsthatareIatentorhiddendefectswhichmayormaynotbepresentonorwithinthe    property.RAdoesnotmakeanysoiIanaIysisorgeoIogicaIstudyaspartofitsservices,nordoesRAinvestigatevapor,    water,oiI,gas,coaI,orothersubsurfacemineraIanduserightsorsuchhiddenconditions,andRA assumesno responsibiIityforanysuchconditions.  TheReportcontainsopinionsofestimatedrepIacementcostsordeferred maintenanceexpensesandremainingusefuIIives,whichareneitheraguaranteeoftheactuaIcostsorexpensesof repIacementordeferredmaintenancenoraguaranteeofremainingusefuIIivesofanypropertyeIement.
RAassumes,withoutindependentverification,theaccuracyofaIdataprovidedtoit.Excepttotheextent   resu]OLng[rom   RA'swL][u]mLsconducOLnconnecOLonwLOhOheper[ormanceo[LOsob]LgaOLonsunderOhLsagreemenOjyou agreetoindemnify,defend,andhoIdRAanditsaffiIiates,officers,managers,empIoyees,agents,successorsand   assLgnsheachjan1RAParOy2)harm]ess[rom     andagaLnsOhandprompO]yreLmburseeachRAParOy[or)anyanda] Iosses,cIaims,actions,demands,Eudgments,orders,damages,expensesorIiabiIities,incIuding,withoutIimitation,       reasonabIeattorneysofees,assertedagainstortowhichanyRAPartymaybecomesubEectinconnectionwiththis engagement,incIuding,withoutIimitation,asaresuItofanyfaIse,misIeadingorincompIeteinformationwhichRAreIied    uponthatwassuppIiedbyyouorothersunderyourdirection,orwhichmayresuItfrom anyimproperuseorreIiance on the Reportby you orthird parties underyourcontroIordirection orto whom you provided the Report. NOTWITHSTANDING ANYOTHERPROVISION HEREINTO THECONTRARY,THEAGGREGATELIABILITY0IF ANY)OFRAWITHRESPECTTOTHISAGREEMENTANDRA'SOBLIGATIONSHEREUNDERISLIMITEDTOTHE AMOUNT OF THE FEES ACTUALLY RECEIVED BY RA FROM YOU FOR THE SERVICES AND REPORT PERFORMED BY RA UNDER THIS AGREEMENT,WHETHER ARISING IN CONTRACT,TORT 0INCLUDING NEGLIGENCE3,STRICTLIABILITYOR OTHERWISE.YOURREMEDIESSETFORTHHEREINAREEXCLUSIVE AND ARE YOUR SOLE REMEDIES FOR ANY FAILURE OF RA TO COMPLY WITH ITS OBLIGATIONS HEREUNDER OR OTHERWISE.RA SHALL NOT BE LIABLE FOR ANY SPECIAL,INDIRECT,INCIDENTAL, CONSEQUENTIAL,PUNITIVEOR EXEMPLARYDAMAGESOFANYKIND,INCLUDING,BUTNOTLIMITEDTO, ANY LOST PROFITS AND LOST SAVINGS,LOSS OF USE OR INTERRUPTION OF BUSINESS,HOWEVER CAUSED,WHETHER ARISING IN CONTRACT,TORT0INCLUDING NEGLIGENCE3,BREACH OFWARRANTY, STRICT LIABILITY OR OTHERWISE,EVEN IF RA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.INNO EVENTWILLRABELIABLEFORTHECOSTOFPROCUREMENTOFSUBSTITUTEGOODS OR SERVICES.RA DISCLAIMS ALLREPRESENTATIONS AND WARRANTIES WHATSOEVER,EXPRESS OR
IMPLIEDOROFANYNATURE,WITHREGARDTO THESERVICESANDTHEREPORT,INCLUDING,WITHOUT LIMITATION,MERCHANTABILITYORFITNESSFORAPARTICULARPURPOSE.
Report#RAwiIcompIetetheservicesinaccordancewiththeProposaI.TheReportrepresentsavaIidopinion o[RA's[LndLngsandrecommendaOLonswLOhrespecOOoOhereservesOudyandLsdeemedcomp]eOe�RAwL]consLderany additionaIinformationmadeavaiIabIetoRAwithin6monthsofissuingtheReportandissuearevisedReportbased onsuchadditionaIinformationifatimeIyrequestforarevisedReportismadebyyou.RAretainstherighttowithhoId arevisedReportifpaymentforserviceswasnottenderedinatimeIymanner.AIinformationreceivedbyRAandaI fiIes,workpapersordocumentsdeveIopedbyRAduringthecourseoftheengagementshaIremainthepropertyof

RAandmaybeusedforwhateverpurposeitseesfit.RAreservestherightto-andyouacknowIedgeandagreethat RAmay-useanydataprovidedbyyouinconnectionwiththeservices-orgatheredasaresuItofprovidingsuch services-incIudinginconnectionwithcreatingandissuinganyReport-inade12den6272edandagg:ega6ed7o:m 7o:RA?s businesspurposes.
YourObligationsEYouagreetoprovideusaccesstothesubGectpropertyforaninspection.Youagreeto provideRAaIavaiIabIe-historicaIandbudgetaryinformation-thegoverningdocuments-andotherinformationthatwe requestanddeem  necessarytocompIetethe Report.AdditionaIy-youagreetoprovidehistoricaIrepIacement scheduIes-utiIitybiIsandhistoricaIenergyusagefiIesthatRArequestsanddeemsnecessarytocompIetetheenergy benchmarkingservices-andyouagreetoprovideanyutiIityreIeaseIsJreasonabIyrequestedbyRApermittingRAto obtainanysuchdataandKorinformationfrom anyutiIityrepresentativeorotherthirdparty.YouagreetopayactuaI a66o:neys?7eesandanyo6he:cos6s2ncu::ed6ocoPec6onanyunpa2dbaPance7o:RA?sse:v2cesT
UseofOurReportandYourNameEUseoftheReportisIimitedtoonIythepurposestatedherein.You acknowIedgethatRAistheexcIusiveownerofaIinteIectuaIpropertyrightsinandreIatingtotheReport.Youhereby acknowIedgethatanyuseorreIiancebyyouontheReportforanyunauthorizedpurposeisatyourownriskandthat youwiIbeIiabIefortheconsequencesofanyunauthorizeduseordistributionoftheReport.Useorpossessionofthe  Reportbyanyunauthorizedthirdpartyisprohibited.TheReportinwhoIeorinpart^snobandeannobfghijklil kjimnoipjqmrmqlsmtortukjimnojonmojjumonphuptijitulilolppulmilv.YoumayshowtheReportinitsentiretytothe    foIowingthirdpartieswmembersofyourorganizationIincIudingyourdirectors-officers-tenantsandprospective purchasersJ-youraccountants-attorneys-financiaIinstitutionsand propertymanagerswho need to review the informationcontainedherein-andanyotherthirdpartywhohasarighttoinspecttheReportunderappIicabIeIaw incIuding-butnotIimited-toanygovernmententityoragency-oranyutiIitycompanies.Withoutthewrittenconsentof RA-youshaInotdiscIosetheReporttoanyotherthirdparty.Byengagingourservices-youagreethattheReport containsinteIectuaIpropertydeveIopedIandownedsoIeIyJbyRAandagreethatyouwiInotreproduceordistribute theReportboanz{a|bzb}abeond~ebs|gsg|gsb~d^gs€^b}o~bb}g€|^bbgneonsgnbo�‚ƒ.
RAwiIincIudeIandyouherebyagreethatRAmayincIudeJyournameinourcIientIists.RAreservestheright touseIandyouherebyagreethatRAmayuseJpropertyinformationtoobtainestimatesofrepIacementcosts-usefuI IifeofpropertyeIementsorotherwiseasRA-initssoIediscretion-deemsappropriate.
PaymentTerms†DueDatesandˆnterestChargesEŠfreservestudyandenergybenchmarkingservicesare performedbyRA-thentheretainerpaymentisdueuponexecutionofthisagreementandpriortotheinspectionbyRA-    andanybaIanceisduenet30daysfromtheReportshipmentdate.ŠfonIyenergybenchmarkingservicesareperformed   byRA-thentheretainerpaymentisdueuponexecutionofthisagreementandanybaIanceisduenet30daysfrom
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Miscellaneous-NeitherpartyshaIbeIiabIeforanyfaiIuresordeIaysinperformanceduetofire-fIood-strike orotherIabordifficuIty-actofGod-actofanygovernmentaIauthority-riot-embargo-fueIorenergyshortage-pandemic- wrecksordeIaysintransportation‘o:due6oanyo6he:causebeyondsuchpa:6y?s:easonabPecon6:oP—p:ov2ded‘  however-thatyoushaInotbereIievedfrom yourobIigationstomakeanypaymentIsJtoRA asandwhendue hereunder.ŠntheeventofadeIayinperformanceduetoanysuchcause-thetimeforcompIetionordateofdeIivery wiIbeextendedbyaperiodoftimereasonabIynecessarytoovercometheeffectofsuchdeIay.Youmaynotassign orotherwisetransferthisagreement-inwhoIeorinpart-withoutthepriorwrittenconsentofRA.RAmayfreeIyassign  orotherwisetransferthisagreement-inwhoIeorinpart-withoutyourpriorconsent.ThisagreementshaIbegoverned bytheIawsoftheStateofWisconsinwithoutregardtoanyprincipIesofconfIictsofIawthatwouIdappIytheIawsof anotherGurisdiction.AnydisputewithrespecttothisagreementshaIbeexcIusiveIyvenuedin™iIwaukeeCountyCircuit CourtorintheUnitedStatesDistrictCourtfortheEasternDistrictofWisconsin.Eachpartyheretoagreesandhereby   waivestherighttoatriaIbyGuryinanyaction-proceedingorcIaim broughtbyoronbehaIfofthepartiesheretowith respecttoanymatterreIatedtothisagreement.

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: February 20, 2025
Board Meeting Date:	March 4, 2025

SUBJECT

Consider approval of a Letter Agreement requesting a Land Swap between Ave Maria Stewardship Community District and Ave Maria Development, LLLP.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors approve the Letter Agreement requesting a Land Swap between Ave Maria Stewardship Community District and Ave Maria Development, LLLP.

GENERAL INFORMATION
Ave Maria Development, LLLP (AMD) requested a Land Swap between Ave Maria Stewardship Community District (District) and AMD, as described in the Letter Agreement included herein and as depicted on the attached Exhibit A. Due to changes in development plan, AMD requests to exchange the property shown in red (0.4 acres) on Exhibit A currently owned by the District for the property shown in blue (18.6 acres) on Exhibit A currently owned by AMD (the “Land Swap”). The 0.4-acre property shown in red is a small portion of the real property that was originally conveyed to the District with property containing Entrance Improvements. However, such District property does not currently have any existing District improvements located on the area of the property. That property was acquired by the District from AMD pursuant to the Project Improvement Acquisition Agreement between the District and AMD and the Real Property Contribution Agreement, as amended. The small 0.015-acre property shown in blue is included in this Land Swap as that is area owned by AMD but currently utilized by the District for access to the Oil Well Road berm. The proposed land swap area from the District to AMD was field surveyed and District staff has confirmed the District’s access to the Entrance Improvements for maintenance or any other improvements owned by the District (Oil Well Road berm, etc.) will not be impacted. The 18.6-acre property shown in blue is proposed to be conveyed to the District as part of the development of the Arthrex Commerce Park.
Additionally, it should be noted that the conveyed lands for Entrance Improvements were contributed pursuant to the Contribution Agreement, no District funds were paid for the land acquisition and contribution credit records will be updated accordingly pursuant to the Contribution Agreement upon completion of the Land Swap.

AMD is requesting that the District approve the Land Swap in accordance with the terms of the Acquisition Agreement and Contribution Agreement, one of which is that AMD shall pay all conveyance costs associated with effecting the Land Swap.

PROCUREMENT REVIEW
Not applicable
DISTRICT ENGINEER REVIEW

District Engineer has reviewed and approved the Letter Agreement and Exhibit A.

DISTRICT LEGAL COUNSEL REVIEW

District Legal Counsel has reviewed and approved the Letter Agreement for legal form and sufficiency.

FUNDING REVIEW
Not applicable.

Attachments

January 28, 2025

Allyson Holland
Ave Maria Stewardship Community District
c/o Special District Services, Inc., District Manager 2501 Bums Road
Palm Beach Gardens, Florida 33410

Re:  Ave Maria Stewardship Community District and Ave Maria Development, LLLP, Land Swap Dear Ms. Holland:
We are writing with regard to request a land swap between ve Maria Stewardship Community District (''District") and Ave Maria Development, LLLP, ("AMD,,) regarding certain property within the community adjacent to the Ave Maria community (the 'Community") entrance improvements owned by tl1e District (the "Entrance Improvements"). The Entrance Improvements were acquired by the District from AMO pursuant to the Project Improvement Acquisition Agreement between the District and AMD (the 'Acquisition Agreement ) and the Real Property Contribution Agreement, as amended, (the "Contribution Agreement' ). Certain property as depicted on Exhibit A, attached hereto and made a part hereof, was originally conveyed to the District with the real property associated wiih the Entrance Improvements. Due to changes in development plan1 AMO requests to exchange the real property shown in red on Exhibit A currently owned by the District for the real property shown in blue on Exhibit A currently owned by AMO (the "Land Swap"). Such Land Swap will not impact the District's ownership or maintenance access to the Entrance Improvements or any other improvements owned by the District. Furthennore, it should be recognized that the conveyed land were contributed pursuant to the Contribution Agreement, no District funds were paid for the land acquisition and contribution credit records will be updated accordingly pursuant to the Contribution Agreement upon completion of the Land Swap.
The purpose of this letter is to request that the District approve the and wap in accordance with the terms of the Acquisition Agreement and Contribution Agreement, one of which is that AMO shall pay all conveyance costs associated with effecting the Land Swap. Please place this request on an upcoming meeting of the District Board of Supervisors (the 'Board"). Tf the Board is in agreement with the foregoing, please have the Board Chairman sign this letter agreement below and return the original to my office. Thank you for your consider-ation and cooperation in this matter. Should you have any questions or concetrts regarding the foregoing, please let me know.
?ffllL
David Genson
Agreed to by:

Ave Maria Stewardship Cor\11TJ,unity District

By: Jay Roth Its: Chainnan

Exhib'1

1	2	3	4	5	6

EX. AVE MARIA BLVD

SCALE: 1" = 200'

•	•
•	•
•	•

2600 Golden Gate Pkwy Naples, FL 34105
E	PROJECT:

Pen-Eng.com

LAKE

LANDSCAPE BERM

AVE MARIA APARTMENTS

PHASE 3 PROJECT BOUNDARY (TYP)

EX. ARTHREX COMMERCE DR

LAND SWAP AREA TO AMSCD (TYP) (18.6 AC)

104' R.O.W.
TITLE:

D

LAND SWAP EXHIBIT

72' R.O.W.
CLIENT:

[Save Date: 2/10/2025 11:02:02 AM] [Saved By: Aschaffer] [Plot Date: 2/20/2025 1:57:03 PM] [Plotted By: Anton Schaffer] [Original Size: 24x36] [Drawing Path: P:\Active_Projects\P-BCCP-001\001_AM_Apartments\Drawings-Civil\C00-Exhibits\X01-Land_Swap\Sheet_Files\P-BCCP-001-001-X01.dwg]

EX. ARTHREX

80' R.O.W.

LAKE	LAKE

PROPOSED APARTMENTS

SEE ENLARGEMENT

PENINSULA ENGINEERING

REVISIONS:
No: Revision:	Date:

FACILITIES

80' R.O.W.

BELOW FOR DETAIL

ADDED PHASE 2 R.O.W. AREA AND REVISED APARTMENT LANDPLAN

01/30/25

REVISED LAND SWAP BOUNDARY IN SE CORNER OF 01/31/25 PROJECT AROUND EXISTING MAINTENANCE PATH

REMOVED PHASE 3 LAKE AND R.O.W. AREAS FROM LAND SWAP AREA
C	ADDED AREA LABEL FOR LAND TO AMSCD IN

02/10/25

ENLARGEMENT	2/20/25

LAND SWAP AREA FROM AMSCD (0.4 AC)

LEGEND

NOTES:

LAND SWAP AREA FROM AMSCD (AREA = 0.4 AC)

LAND SWAP AREA TO AMSCD (AREA = 18.6 AC)

B	RESIDENTIAL
BUILDING

GARAGE

EX. AVE MARIA BLVD R.O.W.

SCALE: 1" = 30'

PROFESSIONAL SEALS:
PROFESSIONAL ENGINEER: FLORIDA LICENSE NUMBER:

4
LAND SWAP AREA TO AMSCD (0.015 AC)

Florida Engineering Certificate of Authorization #28275 Florida Landscape Certificate of Authorization #LC26000632
DATUM NOTE:
ALL ELEVATIONS ARE BASED ON NAVD 88 (NORTH AMERICAN VERTICAL DATUM OF 1988).
Bar Scale: 1" = 200'
0 50' 100'  200'	400'	600'

EX. MAINTENANCE

SEC: 16 & 17
City: AVE MARIA

TWP: 48S
County:

RGE: 29E COLLIER

A

1	2	3

PATH

2 ENLARGEMENT
4	5	6

Designed by: Drawn by: Date:
Horizontal Scale: Vertical Scale: File Name: Project Number:

Sheet ID: Sheet Number:

DAVID HURST, P.E. ANTON SCHAFFER JANUARY 2025
1" = 200' N.T.S.
P-BCCP-001-001-X01.dwg
P-BCCP-001-001
C-X01
01 of 01

Page 84

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: February 24, 2025
Board Meeting Date:	March 4, 2025

SUBJECT
Change Order #5 to Earth Tech Enterprises, Inc. for improvements in conjunction with the Anthem Parkway Phase 5A project.
STAFF RECOMMENDATION
Staff recommends the Board of Supervisors approve Change Order #5 for improvements in conjunction with the Anthem Parkway Phase 5A project.
GENERAL INFORMATION
In November 2023, the Ave Maria Stewardship Community District (District) contracted Earth Tech Enterprises, Inc. (Earth Tech) for construction services in conjunction with the Anthem Parkway Phase 5A earthwork, utility, and roadway project for an original contract price of
$7,360,163.74. The following four (4) change orders (CO) were previously approved, summarized below:
CO #1: February 2024 in the amount of $258,303.58 for survey, bond premium, insurance, and administration fee, bringing the total contract price to $7,618,467.32.
CO #2: February 2024 in the amount of (-) $32,560.00, an earthwork deduct to remove import fill for Wetland #2, reducing the total contract price to $7,585,907.32.
CO #3: June 2024, in the amount of $371,231.42 for additional required project infrastructure by subcontractor Jensen Underground for underground utility construction, bringing the total contract price to $7,957,138.74.
CO #4: September 2024 in the amount of $193,119.47 to cover the cost increase for import fill and additional bond premium, bringing the total contract cost to $8,150,258.21.
The original scope of work for Anthem Parkway Phase 5A included Irrigation Pump Station #4, which includes the lined irrigation lake, irrigation pumps/equipment, and associated infrastructure, but the design was not complete when the project was originally bid. The engineer of record recently completed the design of this critical infrastructure and the plans were sent to Earth Tech for pricing on the additional scope of work.

It should be noted that the change order includes an Ave Maria Utility Company (AMUC) master wastewater lift station that will be utilized in conjunction with the wastewater infrastructure constructed with the Anthem Parkway Phase 5A project. Although, the proposed wastewater lift station is included in the change order #5, all proposed wastewater infrastructure will be funded
1

directly by AMUC.

The total amount of Change Order #5 is $4,731,702.10, of which $3,271,056.10 are District costs, and $1,460,646.00 are AMUC costs.

As mentioned previously, there will be additional change order(s) and/or contract(s) to this project for Irrigation Pump Station #4 to cover known scope gaps, including but not limited to the pump station housing structure. Additional change orders will be brought to the Board for consideration of approval.
District staff acknowledges that this is a significant change order. Earth Tech has a great deal of experience constructing lined lakes and irrigation pump stations. Their pricing is in line with the industry standard. Additionally, they are currently onsite which eliminates a mobilization fee. Staff has reviewed the change order and recommends approval.

DISTRICT ENGINEER REVIEW

District Engineer has reviewed and approved change order #5.

DISTRICT LEGAL COUNSEL REVIEW
District Legal Counsel has reviewed and approved change order #5 for legal form and sufficiency.
FUNDING REVIEW
Funding source is initially 2023 bonds and if 2023 construction fund is depleted funding may include developer funding that will be reimbursed through future 2025 bond issuance pursuant to previously approved agreement. AMUC will pay for AMUC items of work pursuant to the previously approved cost share agreement for Anthem Parkway 5A work.

2

Change Order No. 5
Date of Issuance:  2/27/25	 Effective Date:  2/27/25	

Project: Anthem Parkway Phase 5A	Owner: Ave Maria Stewardship Community District	Owner's Contract No.:	
Contract: Earthwork, Paving, Underground Utilities Construction at Anthem Parkway Phase 5A	Date of Contract: 11/17/2023	
Contractor: Earth Tech Enterprises, Inc.	Engineer's Project No.: P-AMD-037	

The Contract Documents are modified as follows upon execution of this Change Order: Description: Ave Maria Utility Company (AMUC) master wastewater lift station that will be utilized in conjunction with the wastewater infrastructure constructed with the Anthem Parkway Phase 5A project.

Add: Ave Maria Pond & Lift Station $4,731,702.10

Attachments (documents supporting change): ETE proposal

CHANGE IN CONTRACT
PRICE:	CHANGE IN CONTRACT TIMES:
Original Contract Price:	Original	Calendar days Substantial completion (days or date):	365
$7,360,163.74	Ready for final payment (days or date):	60

[Increase] [Decrease] from previously approved Change Orders No. 	NA	 to No.  4 :

[Increase] [Decrease] from previously approved Change Orders
No. NA to No. 	:
Substantial completion (days): NA

$790,094.47	Ready for final payment (days): NA
Contract Price prior to this
Change Order:	Contract Times prior to this Change Order:
Substantial completion (days or date): 365
$8,150,258.21	Ready for final payment (days or date):60
Increase of this Change Order:	[Increase] [Decrease] of this Change Order:
Substantial completion (days or date): No change
$4,731,702.10	Ready for final payment (days or date): No change
Contract Price incorporating this
Change Order:	Contract Times with all approved Change Orders:
$12,881,960.31	Substantial completion (days or date): 365 Ready for final payment (days or date): 60

ECOMMENDED:

RECOMMENDED

y:

By 	

Engineer

(Authorized

Engineer Authoriz d

ACCEPTED:	ACCEPTED:
By: 		By: 	
Owner (Authorized Signature)	Contractor (Authorized Signature)

Date:

02/28/2025

Date:	Date:

Approved by Funding Agency (if applicable):
Date: 	

EJCDC C-941 Change Order
Prepared by the Engineers Joint Contract Documents Committee and endorsed by the Construction Specifications Institute.

Proposal Date:02-27-25 Spec at 6' Cover

Earth Tech Enterprises, Inc.
6180 Federal Court Fort Myers FL 33905

Contact: Phone: Email:

Earth Tech Enterprises Inc.-Estimating Department 239-738-7900
tom@earthtechenterprises.com

Quote To:	Peninsula Engineering

Job Name: Date of Plans:

Ave Maria Irrigation Pond and Master Li File Date Jan 2025

Phone:	Revision Date:	N/A
Fax:
Rer: Dan Hartley

ITEM	DESCRIPTION	QUANTITY	UNIT	UNIT PRICE	AMOUNT	
100	Liner Contractor Deposit	1.00	LS	134,587.00	134,587.00	
200	Erosion Control (Silt Fence, Inlet Protection)	1.00	LS	8,000.00	8,000.00	
250	Constuction Entrance(If Required)	1.00	EA	7,500.00	7,500.00	
300	Land Prep and Final Grading	1.00	LS	13,300.00	13,300.00	
400	Excavation	96,838.00	CY	3.40	329,249.20	
410	Dewatering	1.00	LS	81,520.00	81,520.00	
420	Underdrain System	1.00	LS	376,400.00	376,400.00	
430	Install 60Mil Lake Liner	1.00	LS	385,030.00	385,030.00	
440	Backfill Liner 6' Cover	58,850.00	CY	2.70	158,895.00	
460	Anchor Trench	1,620.00	LF	5.80	9,396.00	
470	Liner Testing	1.00	LS	2,650.00	2,650.00	
500	Embankement	33,014.00	CY	1.60	52,822.40	
600	Berm/Swale Shaping	1.00	LS	11,860.00	11,860.00	
700	6" Concrete( Fiber Reinforced) Drive	170.00	SY	73.50	12,495.00	
710	Optional Additional Concrete Access Drive	34.00	SY	73.50	2,499.00	
720	12" Stab Sub under Additional access drive	34.00	SY	4.00	136.00	
750	Fabric Formed Concrete Splash Pad	1,100.00	SF	33.15	36,465.00	
800	12" Stabilized Subgrade under drive	170.00	SY	4.00	680.00	
900	Bahia Sod	19,720.00	SY	3.40	67,048.00	
1000	Custom Irrigation Pump Station	1.00	LS	960,014.00	960,014.00	
1200	Drainage	1.00	LS	35,390.00	35,390.00	
1300	Irrigation Including Wet Well	1.00	LS	223,767.00	223,767.00	
1325	Recharge Main	1.00	LS	48,795.00	48,795.00	
1350	Irrigation Wells19&20Wellhead, Motor,Pump, Piping	1.00	LS	234,500.00	234,500.00	
1375	Irrigation wells - Allowance	2.00	EA	11,000.00	22,000.00	
1550	Wet Well Concrete Base, assume 6" Fiber Reinforce	105.00	SF	73.50	7,717.50	
1570	Bond Earthwork/Liner and associated	1.00	LS	48,340.00	48,340.00	
	Subtotal Earthwork/Liner and associated				3,271,056.10	

ITEM	DESCRIPTION	QUANTITY	UNIT	UNIT PRICE	AMOUNT	
	AMUC Costs					
1650	Master Lift Station/Sewer	1.00	LS	1,409,410.00	1,409,410.00	
1800	Effluent Mainline (16"/20" piping )	1.00	LS	29,650.00	29,650.00	
3000	Bond AMUC Items	1.00	LS	21,586.00	21,586.00	
	Subtotal AMUC Costs				1,460,646.00	
						
GRAND TOTAL	$4,731,702.10

NOTES: 

Remaining Scope Gaps:

Irrigation Pump Station-
Electrical and I&C to wells,electrical tie-in from LCEC to IPS meter bucket. Electrical By Others; Pump House By Others.

SCOPE OF WORK CLARIFICATIONS:
Irrigation Pump Station- Proposal from PSI Metro dated 02-01-2025 to Jason Vogel Ave Maria.

Pump Station Clarifications:
7400GPM @ 90PSI
480Y/277 Volt/3PHASE/60HZ
Wetwell depth- 20'
Model: VTV-7C-75X8/5ST-480-3-7400-90

SEWER:
(1) Master Lift Station
(40 LF) 12" Forcemain C-900
(40 LF) 14" Forcemain C-900
(1) 14"x12" Reducer
(1) 12" 90 Bend MJ
(2) 12" Sleeve MJ
(1) 12" Bell Restraint
(1) 14" Bell Restraint
(1) Forcemain Detectable Tape
(1) Testing
Line Item 1150 is an allowance for the Lift Station Pumps. Actual amount may vary. DRAINAGE:
(2) Type "D"
(56 LF) 24" RCP
(1) Bonsal, Brick, Fabric

IRRIGATION:
(1)	Wet Well
(60 LF) 20" DIP
(60 LF) 20" C-905 DR-18
(1) 20" 90 Bend MJ
(1) 20" Sleeve MJ

(3) 20" Bell Restraints
(1) 20"x16" Reducer
(1) 16" Sleeve MJ
(2) 16" Bell Restraints
(60 LF) 14" DIP
(2) 14" Bell Restraints
(2) 14"x10" Reducer MJ
(120 LF) 10" C-900 DR-18
(40 LF) 10" DIP
(2) 10" Sleeve MJ
(1) 10" 45 Bend MJ
(1) 10" 22.5 Bend MJ
(5) 10" Bell Restraint
(1) 10"x6" Reducer
(60 LF) 6" C-900 DR-18
(1) 6" Sleeve MJ
(1) 6" 45 Bend MJ
(2) 6" 22.5 Bend MJ
(1) 6" Bell Restraint
(160 LF) 36" HDPE

PVC ALT TO HDPE:
(160 LF) 36" PVC
(8) 36" Bell Restraint

Base Bid Proposal Specifically Includes the following items:

Contract shall contain a provision allowing for cost increase / decrease based upon changes in agreed benchmark pricing for specifically identified commodities subject to price volatility. For this project / scope / proposal /, this applies to DIESEL FUEL, AGGREGATE MATERIALS. Base bid pricing was calculated utilizing $3.00 / gal for off-road fuel, and $4.00 / gal for on road fuel.
Existing Material and excavated material is considered an LBR 40 material for the scope of this quote. No mixing of stabilization material is included unless specifically included.
SCOPE OF WORK CLARIFICATIONS
Compaction of structural fill to specifications listed in plans.
Clean up of street mud and or construction debris caused by ETE Inc.
Dust control for our scope of work from an onsite water source furnished by Owner or GC at no cost to ETE Inc.
ETE Inc. has assumed that existing grades as shown on the drawings reflect current conditions. We reserve the right to modify our proposal amount based upon receipt of updated and / or revised existing topo information. Quantities may need to be revised post clearing prior to excavation and filling.
Fine grading of the subgrade, parking lot subgrade and / or all aggregate base areas shall be completed ONE TIME ONLY, PRIOR TO OTHER TRADES, including landscape and irrigation scopes working on top of our previously completed work. Allowing others to work on top of our work shall be deemed acceptance by GC / Owner and any required remediation shall be completed on a time and material basis.
Backfill of curbs, sidewalks, and pavement areas as required.
Only items specifically listed are included in this proposal.

Base Bid Proposal Specifically Excludes the following items:

Any applicable fees, permits,liquidated or consequential damages, warranty bonds, license bonds, testing, permitting, and layout
Sunday work, holiday work, night work
Surveying/ Construction Stakeout/As-builts
As-built drawings upon completion other than normal red-line or other in-house prepared as-built information,

Relocation, removal, or disconnection of existing utilities, including drain-tiles and irrigation lines.
Undercuts of unsuitable material; filling of undercut areas; excavation of peat or muck.
Remediation of clay, aggregate base or subgrade prior to pouring of concrete and/or paving to repair damages or rutting caused by other contractors, weather conditions, or factors beyond the control of ETE Inc.
Rock excavation including drilling, blasting, hauling, segregating, not included outside of ETE Inc. direct scope.
Testing, excavation or hauling of hazardous material, hazardous waste, special waste, or contaminated material of any type.
Demolition of existing structures, fences, foundation, and other existing obstructions whether exposed or not except as specifically included in this proposal.
Installation and/or removal of concrete wash pit, except as specifically included.
Traffic control and protection.
Footer excavation or concrete
Pavers or landscaping.

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: February 24, 2025
Board Meeting Date:	March 4, 2025

SUBJECT

Discuss crosswalk enhancements at Ave Maria Boulevard and Bellerawalk Boulevard.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors discuss crosswalk enhancements at Ave Maria Boulevard and Bellerawalk Boulevard.

GENERAL INFORMATION
On February 20, 2025, Mr. Scott Brooks, Director of Land Planning for Pulte Group, requested a discussion regarding crosswalk enhancements at Ave Maria Boulevard and Bellerawalk Boulevard on behalf of the Del Webb North Homeowner’s Association members. Specifically, Mr. Brooks asked if the District will consider installing flashing crosswalk signs at this intersection. The District Manager agreed that this topic is worthy of discussion as she has received numerous emails and phone calls the past few months regarding safety enhancements at this intersection for pedestrians and golf carts. Mr. Ted Tryka, District Engineer, will be present at the meeting and will be part of the discussion as he has been involved with requests at this intersection in the past. Staff will expand the discussion to include crosswalk enhancements at other intersections throughout the District as well. An aerial photograph is included below.
PROCUREMENT REVIEW
Not applicable.
DISTRICT ENGINEER REVIEW

Not applicable.

DISTRICT LEGAL COUNSEL REVIEW

Not applicable.

FUNDING REVIEW
Not applicable.
1

2

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: February 24, 2025

Board Meeting Date:	March 4, 2025

SUBJECT

Consider Approval of Ave Maria Stewardship Community District Office Space with Ave Maria Development.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors Authorize the District Manager to move forward with providing a Lease Agreement for Office Space between Ave Maria Stewardship Community District and Ave Maria Development for consideration by the Board at the April Board meeting.

GENERAL INFORMATION
The Ave Maria Stewardship Community District (District) currently has an office for the District Manager in the Ave Maria Master Association (AMMA) Building. The Master Association is currently not charging the District for the office space. The AMMA is planning to renovate the existing building to create a space that better accommodates the master association needs and activities. The AMMA building renovations will only include enough office space for the AMMA employees, therefore the District has been seeking locations for offices for District staff.

Ave Maria Development (AMD) has provided multiple options to the District for office space. District staff has determined that the best use of office space is to lease two executive suites in Town Core Building #3 (5072 Annunciation Circle, Suites 218 &219) on the 2nd floor in a wing that is built out with a common waiting area, kitchen, and two conference rooms. The two executive suites will be available for rent beginning May 2025. The two offices will be occupied by Allyson Holland, District Manager, and Donny Diaz, Operations Manager. The three (3) operations staff members will be able to use the office and common space as needed.
The District did not budget for monthly office space lease in the current fiscal year budget. AMD is the landlord, therefore they will cover the office space lease from May 2025 through September 2025. The District will be required to furnish the offices, including desks, chairs, printers, internet, and cable. The District will properly budget for administration office space lease in next year’s budget.

1

The proposed cost breakdown is as follows (note the District is tax exempt):
($900, Suite 218 + $950, Suite 219) x 12 months = $22,200 FY 2025-2026
District meetings will continue to be held in the current AMMA building until renovations commence. District staff will coordinate with Pulte Group to hold District meetings at the Grand Hall at Del Webb if needed during renovations. The District will continue to coordinate with AMMA and Pulte Group as plans for the AMMA building renovations progress.
PROCUREMENT REVIEW
Not applicable
DISTRICT ENGINEER REVIEW

Not applicable.

DISTRICT LEGAL COUNSEL REVIEW
The District Legal Counsel has reviewed and approved the preliminary terms of the lease for legal form and sufficiency. District Legal Counsel will review the lease agreement prior to next meeting should the Board authorize moving forward with this option.
FUNDING REVIEW
The adopted FY 2024-2025 Operations & Maintenance Budget includes $1,000 for office space/rent. The Developer agreed to cover the office lease for the current FY and the District will budget $22,200 for office space lease in the FY 2025-2026 Operations & Maintenance Budget.

Attachments

2

Ave Maria Development, LLLP

Memo
To:	Allyson Holland
From:	Cee Cee Marinelli
cc:	Kelly Kennedy, David Genson
Date:	February 19, 2025
Re:	Ave Maria Stewardship Community District Office Relocation

Executive Office Suites 218 & 219 are available on the 2nd floor of 5072 Annunciation Circle and consist of 251 square feet. Suite 218 (111 SF) is available for immediate occupancy but is not furnished. Suite 219 (140 SF) is furnished with a desk and office chair and will be available for occupancy on approximately May 1, 2025. The executive suites have access to a shared waiting area and kitchen, as well as two (2) conference rooms.

Suite 218 is $900 per month plus sales tax ($918.00). Suite 219 is 950 per month plus sales tax ($969.00).
If the lease term is longer than three (3) years, rent will increase by three percent (3%) annually. Monthly rent includes water/sewer/trash/electric. Tenants are responsible for their own phone/internet/cable service.

	Oct 24 - Jan 25		24/25 Budget		$ Over Budget		% of Budget	
Expenditures								
01-1130 • 3ayroll 7ax Expense	198.90		734.00		-535.10		27.1%	
01-1131 • Supervisor )ees	2,600.00		9,600.00		-7,000.00		27.08%	
01-1310 • Engineering	32,856.85		90,000.00		-57,143.15		36.51%	
01-1311 • Management )ees	23,333.32		70,000.00		-46,666.68		33.33%	
01-1313 • :ebsite Management	833.32		2,500.00		-1,666.68		33.33%	
01-1314 • District Manager - on site	93,333.32		280,000.00		-186,666.68		33.33%	
01-1315 • Legal )ees	20,376.05		100,000.00		-79,623.95		20.38%	
01-1320 • Audit )ees	0.00		18,300.00		-18,300.00		0.0%	
01-1330 • Arbitrage Rebate )ee	650.00		3,900.00		-3,250.00		16.67%	
01-1440 • Rents  Leases	0.00		1,000.00		-1,000.00		0.0%	
01-1441 • 7ravel  Lodging	1,686.77		10,000.00		-8,313.23		16.87%	
01-1450 • ,nsurance	101,655.00		120,000.00		-18,345.00		84.71%	
01-1480 • Legal Advertisements	2,305.20		8,000.00		-5,694.80		28.82%	
01-1512 • Miscellaneous	910.25		10,000.00		-9,089.75		9.1%	
01-1513 • 3ostage and Delivery	959.82		3,000.00		-2,040.18		31.99%	
01-1514 • Office Supplies	1,306.70		3,500.00		-2,193.30		37.33%	
01-1540 • Dues, License  Subscriptions	175.00		500.00		-325.00		35.0%	
01-1541 • Misc )iling, 1otices, etc.	0.00		500.00		-500.00		0.0%	
01-1 33 • 7rustee )ees	3,950.00		40,000.00		-36,050.00		9.88%	
01-1 34 • Continuing Disclosure )ee	0.00		12,000.00		-12,000.00		0.0%	
01-1 35 • Assessment Roll	0.00		25,000.00		-25,000.00		0.0%	
01-1801 • Landscaping - Miscellaneous	6,850.00		0.00		6,850.00		100.0%	
01-1808 • ,rrigation Repair	74,864.85		205,000.00		-130,135.15		36.52%	
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	39,100.85		75,000.00		-35,899.15		52.13%	
01-1816 • Electric-Streetlights,Landscape	41,093.47		150,000.00		-108,906.53		27.4%	
01-181 • Maintenance Street Sweeping	0.00		30,000.00		-30,000.00		0.0%	
01-1818 • Striping  7raffic MarNings	27,525.00		250,000.00		-222,475.00		11.01%	
01-1819 • Street Light Maintenance	31,410.67		140,000.00		-108,589.33		22.44%	

	Oct 24 - Jan 25		24/25 Budget		$ Over Budget		% of Budget	

01-1820 • Maint SidewalN/Curb Repairs	
16,097.00		
200,000.00		
-183,903.00		
8.05%	
01-1830 • Maintenance Contracts	317,342.50		729,793.00		-412,450.50		43.48%	
01-1831 • 7ree 7rimming	3,325.00		160,000.00		-156,675.00		2.08%	
01-1832 • Storm Cleanup - Landscaping	15,212.50		26,250.00		-11,037.50		57.95%	
01-1833 • 3lant Replacement	29,282.20		200,000.00		-170,717.80		14.64%	
01-1834 • Mulch	106,148.00		150,000.00		-43,852.00		70.77%	
01-1839 • Entry )eature/1ear :ell :ater	3,466.89		5,500.00		-2,033.11		63.03%	
01-1841 • Maintenance ,rrigation :ater	34,441.19		93,713.00		-59,271.81		36.75%	
01-1842 • Maint )ountain/Repair	2,918.15		50,000.00		-47,081.85		5.84%	
01-1843 • Maintenance Rodent Control	6,875.00		25,000.00		-18,125.00		27.5%	
01-1844 • Maint Equipment Repair	122.85		8,400.00		-8,277.15		1.46%	
01-1845 • Maint Signage Repair	23,135.00		20,000.00		3,135.00		115.68%	
01-1846 • Maint Storm Drain Cleaning	26,038.21		52,500.00		-26,461.79		49.6%	
01-184 • Mnt Drainage/LNe Mnt/Littorals	37,429.12		81,113.00		-43,683.88		46.14%	
01-1848 • Maintenance Aerators	0.00		2,100.00		-2,100.00		0.0%	
01-1850 • Maint-3reserve Maintenance	34,551.00		64,890.00		-30,339.00		53.25%	
01-1853 • Maintenance Small 7ools	828.06		7,500.00		-6,671.94		11.04%	
01-1854 • Maint Miscellaneous Repairs	250.00		30,000.00		-29,750.00		0.83%	
01-1855 • Maint 9ehicle Lease/)uel/Repair	1,699.77		35,000.00		-33,300.23		4.86%	
01-1859 • Maint-Administrative Supplies	700.00		0.00		700.00		100.0%	
01-1863 • Maint Base Management )ee	7,680.00		23,000.00		-15,320.00		33.39%	
01-186 • Asset Management  Software	49,759.39		139,000.00		-89,240.61		35.8%	
01-1869 • Operations 7eam Salaries	146,666.68		462,000.00		-315,333.32		31.75%	
01-18 1 • 9eri]on - ,nternet	701.44		0.00		701.44		100.0%	
01-18 2 • 3ressure :ashing	65,442.00		60,000.00		5,442.00		109.07%	
01-1890 • Maint-Reserve )und	0.00		27,500.00		-27,500.00		0.0%	
01-1891 • Maint Contingency	11,750.00		15,000.00		-3,250.00		78.33%	
01-1892 • 3ublic Safety 3roMects	880.00		250,000.00		-249,120.00		0.35%	
01-1893 • Capital Asset 3urchase	0.00		110,000.00		-110,000.00		0.0%	
7otal Expenditures	1,450, 1 .29		4,773,043.00		-3,322,325.71		30.39%