AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING AUGUST 5, 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 & PUBLIC HEARING
August 5, 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
July 1, 2025 Regular Board Meeting Minutes…	Page 5
Public Hearing – Amended Rules and Regulations
Proof of Publication…	Page 11
Receive Public Comments on Adopting Amended Master Irrigation System Rules and Regulations and Fee Schedule of the District
Consider Resolution No. 2025-12 – Adopting Amended Master Irrigation System Rules and
Regulations and Fee Schedule of the District…	Page 13
Public Hearing – Fiscal Year 2025/2026 Final Budget
Proof of Publication…	Page 31
Presentation on Final Budget and Assessment Methodology
Presentation of Fourth Revised Operations & Maintenance Assessment Methodology Report	Page 35
Receive Public Comments on Fiscal Year 2025/2026 Final Budget and Assessments
Consider Resolution No. 2025-13 – Adopting a Fiscal Year 2025/2026 Final Budget Appropriation Resolution…	Page 47
Consider Resolution No. 2025-14 – Adopting an Annual Assessment Resolution for Fiscal
Year 2025/2026…	Page 73
Consider Resolution No. 2025-15 – Adopting a Fiscal Year 2025/2026 Master Irrigation
Utility System Budget…	Page 79
Consider Approval of Fiscal Year 2025/2026 Developer Funding Agreement…	Page 83
Public Hearing – Reallocation of Series 2021 Capital Improvement Revenue Bonds Special Assessments
Proof of Publication…	Page 88
Receive Public Comments on Reallocation of Series 2021 Capital Improvement Revenue Bonds Special Assessments
Consider Resolution No. 2025-16 – Adopting an Assessment Resolution for Reallocation of Special
Assessments to Secure the 2021 Bonds	Page 92
Consider Resolution No. 2025-17 – Equalizing, Approving, Confirming, and Levying Assessments
to Secure the 2021 Bonds	Page 100

Old Business
AMSCD Projects Update…	Page 124
Goals and Objectives Update…	Page 125
Consider Resolution No. 2025-18 – Ratifying Series 2025 Bonds (Maple Ridge Phase 6)…	Page 130
New Business
Consider Resolution No. 2025-19 – Adopting a Fiscal Year 2025/2026 Meeting Schedule…	Page 132
Consider Resolution No. 2025-20 – Re-Designating Officers…	Page 136
Consider Approval of Extending the Amended Contract with Davey Tree Expert Company
for Landscape and Irrigation Maintenance Services…	Page 139
Discussion Regarding Upcoming Bond Funding Priorities…	Page 154
Administrative Matters
Legal Report
Engineer Report
Manager’s Report
Financials…	Page 155
Final Public Comments
Board Member Comments
Adjourn

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

•LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025
- 	�----=iw---

My commission expires

PO#:

# of Copies:

Publication Cost:	$5223.44	
Tax Amount:	$0.00	
Payment Cost:	$5223.44	
Order No:	11486437	
Customer No:	1125641	

1
PH on Assessments w/ National Boundary Map

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

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 2

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ATlEST.	AVE MARLA STEWARDSHIP
COMMUNITY DISTRICT
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 AVE lllARIA STEW,dAoRhDpScHdI.Po-CgOMMUNITY DISTRICT

*LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025

515dz

My commission expires

PO#:

# of Copies:

Publication Cost:	$2612.72	
Tax Amount:	$0.00	
Payment Cost:	$2612.72	
Order No:	11486083	
Customer No:	1125641	

1
Budget OM Assessment Hearing
FY2026

THIS IS NOT AN INVOICE!
Please do not use thisformfor payment remittance.

NANCY HEYRMAN
Notary Public
S�te of Wisconsin

---�  •� •	,.,..�.A	Page 1 of 2

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FY 2025-2026 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board") for the Ave Maria Stewardship Community District ("District") will hold the following public hearings and regular meeting:
DATE:	August 5, 2025
TIME:	6:00 P.M.
LOCATION:	Ave Maria Master Association
5080 Annunciation Circle, Suite 101 Ave Maria, Florida 34142
The first public hearing is being held pursuant to Char,ter 2004-461, Laws of Florida, to receive public comment and objections on the District's proposed budget ("Proposed Budget') for the fiscal year beginning October 1, 2025, and ending September 30, 2026 ("FY 2025-2026"). The second public hearing is being held pursuant to Chapter 2004-461, Laws of Florida, to consider the imposition of operations and maintenance special assessments ("O&M Assessments") upon the lands located within the District to fund the Proposed Budget for FY 2025-2026; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of O&M Assessments. At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A regular Board meeting of the District will also be held where the Board may consider any other District business that may properly come before it.
Description of Assessments
The District imposes O&M Assessments on benefitted properly within the District for the purpose of funding the District's general administrative, operations, and maintenance budget. A description of the services to be funded by the O&M Assessments, and the properties to be improved and benefitted from the O&M Assessments, are all set forth in the Proposed Budget. A geographic depiction of the property potentially subject to lhe proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the hearing:

Land Use	Total # of Units / Acres	EAU/ERU Factor	Prooosed O&M Assessment'	
Multi Familv / Attached	920	Unit	$841.98	
Sinole Familv / Detached	4 774	Unit	$841.98	
ALF Apartments	0	Unit	$90.18	
Aoartments	0	Unit	$242.87	
MB Low Affordable Housina	48	Unit	$171.80	
Goods and Services	196 656	Sa. Ft.	$0.40	
Mini Warehouse (Self Storaael	50353	Sa. Ft.	$0.13	
Liaht Manufacturina	417 048	Sa. Ft.	$0.81	
Hotel	0	Room	$428.04	
Institutional - AM Universitv	1 326	Student	$44.57	
Private K-12 School	437	Student	$110.72	
•includes collection costs and early payment discounts
NOTE: THE DISTRICT RESERVES ALL RIGHTS TO CHANGE THE LAND USES, NUMBER OF UNITS, EQUIVALENT ASSESSMENT OR RESIDENTIAL UNIT ("EAU/ERU") FACTORS, AND O&M ASSESSMENT AMOUNTS AT THE PUBLIC HEARING, WITHOUT FURTHER NOTICE.
The proposed O&M Assessments as stated include collection costs and/or early payment discounts imposed on assessments collected by the Collier County ("County") Tax Collector on the tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for O&M Assessments, such that no public hearing on O&M Assessments shall be held or notice provided in future years unless the O&M Assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes, is met. Note, the O&M Assessments do not include debt service assessments previously levied by the District, ii any.
For FY 2025-2026, the District intends to have the County Tax Collector collect the O&M Assessments imposed on certain developed property and will directly collect the O&M Assessments on the remaining benefitted property, if any, by sending out a bill no later than November of this year. It is important to pay your O&M Assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title or, for direct billed O&M Assessments, may result in a foreclosure action which also may result in a loss of title. The District's decision to collect O&M Assessments on the County tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.
Additional Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Proposed Budget, proposed assessment roll, and the agenda for the public hearings and meeting may be obtained at the offices of the District Manager, Special District Services, Inc., 2501A Burns Road, Palm Beach Gardens, Florida 33410, Phone (561) 630-4922 ("District Manager's Office"), during normal business hours, or by visiting the District's website at https:ljavemariastewardshipcd.orq/. The public hearings and meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at the public hearings or meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-ei9ht (48) hours prior to the public hearings and 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 Manager's Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty days of publication of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that, accordingly, the person mar need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appea is to be based.
District Manager
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

'@

www.avemariastewardshipcd.org

AVE MARJA TOWN AND UNCVERSITY

UJCATIONM,\P

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AVE MARIA STEWARDSHIP COMMUNITY DISTRICT REGULAR BOARD MEETING
JULY 1, 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 July 1, 2025, Regular Board Meeting of the Ave Maria Stewardship Community District (the “District”) was called to order at 4:00 p.m. at the Ave Maria Master Association located at 5080 Annunciation Circle, Suite 101, Ave Maria, Florida 34142.

PLEDGE OF ALLEGIANCE

INVOCATION

A moment of silence was observed.
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 June 20, 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	Absent	
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	Todd	Wodraska	(via Zoom)	Special District Services, Inc.	
General Counsel	Alyssa Willson	Kutak Rock, LLP	
District Engineer	Ted Tryka	LJA Engineering, Inc.	
Owner Representative	Brian Goguen (via Zoom)	Barron Collier Companies	

Also present were the following:

Russ Weyer, Donny Diaz, Jaclyn Canerdy, and approximately 16 members of the public. There were also approximately 10 people present via Zoom.

ADDITIONS OR DELETIONS TO AGENDA

Ms. Holland requested the Board approve moving items J.4, J.5, and J.6 before item J.1. Ms. Holland requested a slight change to the title of the Davey Tree item (item J.3. in posted agenda) to “Consider Approval of Third Amendment to Davey Tree Existing Agreement.” Mr. DiFlorio requested to add discussions about the fountain at the Oil Well Road entrance and EV charging stations. Mr. Roth confirmed that we would add these discussion items to the Board Member Comments toward the end of the agenda. Mr. DiFlorio also asked about the Audit. Ms. Holland confirmed that the Audit had been completed and that it would be emailed to the Board later in July.

A motion was made by Mr. DiFlorio, seconded by Mr. Casalanguida and passed unanimously approving the agenda, as amended.

COMMENTS FROM THE PUBLIC

Darrel Dunteman commented on three items: (1) Questioned availability of public funding for the District, including sales tax, gas tax, and grants (i.e., FDOT), and asked if the District was eligible. (2) Trucks on roadways – are there weight limits on certain roadways? Stated that a construction vehicle wiped out a tree and caused damage to concrete in front of his home on Battlecreek Way [note not a District roadway]. Mr. Dunteman questioned if the roads within the neighborhoods were designed and built for heavy construction vehicles. (3) Reserve account. Mr. Dunteman stated that he felt the District had been irresponsible with respect to the reserve account. He asked who paid the bond [debt] assessments if homes are not sold. Ms. Holland confirmed that the developer or homebuilders pay the assessments for the platted lots until the homes are sold.
APPROVAL OF MINUTES
June 3, 2025, Regular Board Meeting

The minutes of June 3, 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 June 3, 2025, Regular Board Meeting, as presented.
OLD BUSINESS
AMSCD Projects Update
The Board had no questions or discussion regarding the District project updates presented in the meeting book. Ms. Holland also noted that she and Donny Diaz had officially moved to the new office suites at 5072 Annunciation Circle, Suites 218 and 219. She also noted that the landscaping improvements had been completed on Seton Street and the landscaping enhancements were underway on Ave Maria Boulevard.

Goals and Objectives Update

The Board had no questions or discussion regarding the Goals and Objectives as presented in the meeting book.

NEW BUSINESS

4. Presentation of the Series 2025 Supplement to the Amended Third Sub-Master Supplemental Assessment Methodology Report for a Portion of the Maple Ridge and Cadiz at Ave Maria Neighborhoods

Ms. Willson introduced this item. She explained that Mr. Weyer, the methodology consultant, was in attendance to present this item. Mr. Weyer explained that the methodology report was approved in substantial form at the previous meeting, and since then, the bonds had been successfully priced. Mr. Weyer explained the minor changes to the methodology in accordance with the bond pricing and that the assessments did not change. He also thanked Ms. Robertson for pointing out the number of lots (63 total) and indicated that the number of lots had been corrected in the revised methodology report.

Ms. Willson explained that no motion was necessary for this item, as the methodology was included as an exhibit to Resolution No. 2025-11.

5. Consider Resolution No. 2025-11 – Adopting the Supplemental Assessment Resolution for Series 2025 Neighborhood Bonds (Maple Ridge Phase 6 Project)

Ms. Willson presented Resolution No. 2025-11, entitled:

RESOLUTION NO. 2025-11

A RESOLUTION SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025 NEIGHBORHOOD BONDS; CONFIRMING DISTRICT’S PROVISION OF INFRASTRUCTURE IMPROVEMENTS AND ADOPTING AN ENGINEER’S REPORT; CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2025 NEIGHBORHOOD BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2025 SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE
Ms. Willson explained that the resolution fixed the final assessment amount in accordance with the District Act for this bond series. Ms. Willson noted that there were no updates to the Engineer’s Report and the Methodology Report was previously discussed. She stated that by adopting the resolution, the Board finalizes the assessments in accordance with the terms of the bond pricing, makes certain findings related to same and authorizes public notice of the existence of the bonds.

A motion was made by Ms. Robertson, seconded by Mr. Casalanguida and passed unanimously adopting Resolution 2025-11 – Adopting the Supplemental Assessment Resolution for Series 2025 Neighborhood Bonds (Maple Ridge Phase 6 Project).

6. Consider Approval of the Supplemental Disclosure of Public Financing and Maintenance of Improvements to Real Property – Series 2025 (Maple Ridge Phase 6 Project)

Ms. Willson presented this item and summarized the Supplemental Disclosure, noting that the disclosure was required by law.

A motion was made by Mr. Casalanguida, seconded by Mr. DiFlorio and passed unanimously approving the Supplemental Disclosure of Public Financing and Maintenance Improvements to Real Property – Series 2025 (Maple Ridge Phase 6 Project).

District Overview Presentation

Ms. Holland presented this item and explained that one of this year’s Goals and Objectives included providing a District overview PowerPoint presentation at one or more of the Board meetings. The presentation is included starting on Page 19 of the meeting book. The Board asked if the presentation could be added to the District’s website. Ms. Willson noted that the presentation would need to be modified to ensure it was ADA compliant (remove photos, etc.).

5. 2. Discussion Regarding Goals, Objectives, and Performance Measures and Standards for FY 2025/2026

Ms. Holland presented this item. She explained that during last year’s legislative session, the Florida legislature adopted House Bill 7013, which among other things, created a section of the statutes that requires special districts to adopt goals and objectives along with performance measures. She reviewed the measures approved last year and explained that the goals and objectives could remain the same or the Board could amend them each year. Ms. Willson informed the Board that the goals and objectives could be modified at any time. Mr. Roth questioned a potential strategic plan but agreed that these were the key aspects of the District. The Board unanimously agreed to keep the same key categories but slightly amend the specific goals. Ms. Holland will bring back a resolution at the September meeting to officially adopt the goals and objectives.
3. Consider Approval of Third Amendment Addendum to Davey Tree Existing Agreement Contract

Ms. Holland presented this item. She explained that this proposed amendment to Davey Tree’s agreement was for the irrigation and maintenance associated with the Anthem Parkway Phase 5A project. The landscaping and irrigation should be completed in the next month, and the District is responsible for maintenance of this area. The proposed annual cost is $39,366.45, which is consistent with the existing contract and the prior amendments. The developer has agreed to fund the amendment, as this was not included in this year’s budget. If approved, Davey Tree will only invoice the District monthly, once maintenance work has commenced. Ms. Holland explained that she expects the Anthem Parkway Phase 5A project to be planted in July, so maintenance will likely only be required in August and/or September only. Ms. Holland also noted that the cost of the amendments to the agreement were included in next year's proposed budget, and they also consider the CPI increase that is included in Davey’s current agreement. Ms. Holland stated that staff had been pleased with the improvements Davey has made throughout the year, and she plans to bring the agreement renewal to a future Board meeting. The Board asked how many renewals or extensions the agreement had, and Ms. Holland confirmed that she would provide that information at the next meeting, as she needs to verify this information.

A motion was made by Mr. DiFlorio, seconded by Ms. Roberston and passed unanimously approving the Third Amendment to Landscape and Irrigation Maintenance Services Agreement between the District and Davey Tree.

6. Discussion Regarding Veterans Pavilion

Ms. Holland explained that this item had been pulled by the Veterans Association for discussion and a potential vote at today’s meeting but gave the Board a brief overview, as it will come up at a future meeting. Ms. Holland explained that the Veterans Association approached her last week regarding the construction of a pavilion, similar in nature to the existing pavilion at South Park. Ms. Willson gave the Board a brief history of the Veterans Association lease agreement with the District. Ms. Holland explained that the District had learned today that the proposed pavilion was located on property owned by both the District and Ave Maria Development (AMD). Ms. Holland stated that the Veterans Association would bring this item before the Board at a later date, once the development plan has been finalized among all parties involved.

ADMINISTRATIVE MATTERS
Legal Report

Ms. Willson informed the Board that this year’s Florida Legislative Session had ended and that she would provide updates related to special districts.

Engineer Report

Mr. Tryka provided the Board with an update related to the Ave Maria Elementary School. He advised that a TIA (traffic impact analysis) had been completed about a year ago in accordance with Collier County permitting for the school. He stated that the TIA addressed the traffic associated with the new elementary school and that the new school would not have an adverse impact to Ave Maria; he stated that it was within the limit of the traffic impacts originally planned for the community. Mr. Casalanguida stated that there was not a school in Collier County that does not deal with traffic impacts.
Manager’s Report
a. Financials

Ms. Holland indicated that the financials were included in the meeting book, and we were still tracking well so far. She stated that there would be overages to some items including [but not limited to] streetlight maintenance, maintenance contracts (Davey Tree), irrigation water, irrigation repairs, and signage repairs. However, she noted that some items would be under the budgeted numbers. Ms. Holland further advised that the streetlights that were hit and damaged in February on Ave Maria Boulevard near Bellera were replaced today.

FINAL PUBLIC COMMENTS

There were no further comments.

BOARD MEMBER COMMENTS

Mr. DiFlorio began Board Member Comments with a discussion of the fountain on Ave Maria Boulevard at the Oil Well Road entrance. He stated that a lot of money is spent on the fountain, and it continues to have issues. Mr. DiFlorio questioned whether there were other options, such as a hardscape/landscape, to replace the fountains. In the alternative, he suggested finding a fountain guru who could maintain the fountain. Mr. Diaz, Operations Manager, stated that the leaves from the oak trees were the root cause of the issues with the fountain. Mr. Diaz confirmed that Operations Staff empties the filter baskets one to two times per day. He furthered that the fountains had special pumps due to the unique design and the pumps and bearings failed routinely. Mr. Casalanguida asked if we could eliminate the fountains and replace them with landscape. Mr. Diaz agreed that the fountains

were a money pit. Mr. Tryka confirmed that the routine issues were caused by the oak trees. He stated, as District Engineer for other districts, he could assure the Board that other communities do not have oak trees near their fountains. Managing the landscape around the fountains is key to successful fountains. The Board unanimously agreed that staff should look into alternatives to replace the fountains.

Mr. DiFlorio continued his comments on the topic of EV [electric vehicle] chargers. He stated that he had been asked by several residents when Ave Maria would get EV chargers and he would like to see if we can bring them to the District. Mr. DiFlorio suggested installing charging stations at six on- street parking spaces on a District roadway. Ms. Willson confirmed that installing EV charging stations in the District would require an additional special power. She stated that the District Act, as it currently exists, does not authorize EV charging stations. However, Ms. Willson confirmed that newer districts include this power and if the District wanted it, they could request from the Legislature. Mr. Casalanguida asked if we could install EV chargers as a license agreement with the vendor. Ms. Willson responded that she would need to run this by Tax Counsel. Discussion ensued including FPL not charging for EV charging stations but Ave Maria has LCEC, not FPL. Mr. Roth stated that Ave Maria Development had parking lots, so that may be an option for the charging stations. The Board unanimously agreed that staff and legal counsel look into options for EV charging stations at Ave Maria.

Mr. Casalanguida addressed Mr. Dunteman’s question regarding grants earlier in the meeting. The current infrastructure improvements do not qualify for grants, but staff would work with Collier County to see if we would be eligible for future projects. Mr. Casalanguida mentioned that the District was looking into an interlocal agreement with Collier County and hopefully the County will pay some money back to the District for the roadways, as they are used by the general public, not just Ave Maria residents. Ms. Willson confirmed that the District cannot levy a sales tax. Mr. Casalanguida stated that he thinks the County would fund back the roadways.
Mr. Roth asked about the District’s preparation for hurricane season. Ms. Holland confirmed that she was overdue to meet with the Ave Maria Crisis Team. She stated that she actively works with key Emergency Operations Staff at Ave Maria and would bring an update to the next meeting.

ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was adjourned at 5:06 p.m. by Chairman Roth. There were no objections.

Secretary/Assistant Secretary	Chair/Vice-Chairman

*LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/08/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter SO, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/08/2025

My commission expires

Publication Cost:	$2589.20	
Tax Amount:	$0.00	
Payment Cost:	$2589.20	
Order No:	11466157	
Customer No:	1125641	
PO#:		

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do not use this form for payment remil/ance.

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 2

Page 11

NOTICE OF RULEMAKING REGARDING THE AMENDED MASTER IRRIGATION SYSTEM RULES AND REGULATIONS AND FEE SCHEDULE OF THE		6"	$617.06	$617.06	$617.06	
AVE MARIA STEWARDSHIPCOMMUNITY DISTRICT		8"	$863.88	$863.88	$863.88	
In accordance with Chapter 120, Florida Statues, and Chapt	er 2004•461, lows of Florida, as amended, the Ave	10"	$1,357.52	$1,357.52	$1,357.52	
Maria Stewardship Community District ("Districl") hereby gives the public notic	e of its intent to adopt its proposed Amended Master					
Irrigation System Rules and Regulations and Fee Schedule (the "Proposed Rule"). The Proposed Rule number Is 2026-1. Pnor notice
of rule development relatNe to the Proposed Rule was published in the Naples Daily News on July 1, 2025.	Usage per 1,000/gal				
A public hearing will be conducted by the Board of Supervis	ors ("Board") or the District on August 5, 2025,	at					
6:00 p.m. at the Ave Maria Master Association, 5080 Annunciation Clrcle, Suite 101, Ave Marla, Florida 34142 relative to the	Up to 300,000	$0.73	$0.73	$0.87	
legislative ralification.			300,001 - 600,000	$1.45	$1.45	$1.74	
The proposed amended master irrigation system rates are as follows:			Over 600,000	$2.90	$2.90	$3.48	
							
Initial DeE!oslt:			Base Facility & Usage		Commercial Tier 1		
Single Family Re�dential (SF):	$60.00 per unit		Rates	SFWMDPh 1	SFWMD Ph 2	SFWMD Ph 3	
			1"	$13.58	$13.58	$13.58	
	General Service (GS):	$60.00 per equivalent residential connection	2"	$50.60	$50.60	$50.60	
Customer Reguest for Meter Test:			4"	$308.53	$308.53	$308.53	
METER SIZE FEE			6"	$617.06	$617.06	$617.06	
Under 2" Actual Cost			8"	$863.88	$863.88	$863.88	
2" and Over Actual Cost			10"	$1,357.52	$1,357.52	$1,357.52	
lnltlal Connection Fee:							
Single Family Residential Actual Cost			Usageper 1,000/gal				
General Service Actual Cost							
L5!te Fee Charge: 5% of monthly total due			Up to 1,000,000	$0.73	$0.73	$0.87	
Returned Check Charge (Not Sufficient Funds}":		$30.00	1,000,001- 2,000,000	$1.45	$1.45	$1.74	
Reconnection Charge:		$51.50 each	Over 2,000,000	$2.90	$2.90	$3.48	
ReconnectiQn �harge (1f afler 5:QQ PM Qr Qn we�k�n��l:		$154.50					
Transfer or Service Charge:
Service Problem Identification Charge••:	$10.00 each
$53.02 each	Bas• Facility & Usag•
Rates	
SFWMDPh 1	Comm•rclal Tier 2
SFWMD Ph 2	
SFWMDPh 3	

adoption of the Proposed Rule. Pursuant to Chapter 2004-461, Laws of Florida, as amended, the Proposed Rule will not require

1"	$13.58	$13.58	$13.58	
2"	$50.60	$50,60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 4,000,000	$0.73	$0.73	$0.87	
4,000,001- 8,000,000	$1.45	$1.45	$1.74	
Over 8,000,000	$2.90	$2.90	$3.48	
				
Base Facility & Usage	Commercial Tier 3	

I
Up to 30,000	$0.73	$0.73	$0.87	V
the percentage increase, if any. in the US Consumer Price Index (CPI) Water and Sewerage Maintenance Series (US Bureau of	
30,001- 60,000	$1.45	$1.45	$1.74	Labor Statistics, Series ID CUUR0000SEHG01 assessed via US Bureau of Labor Statistics httpi/www.bls.qav/cpi/cpifaq.htm} or 4%,	

Service ProblemIdentification Charge {if after 5·00 PM or on weekends}...:	$154.50 each
Terms of Payment: Payments are due and payable when rendered and become delinquent if not paid within twenty (20) days� After a minimum of five (5) days' written notice, service may be discontinued.
Notes�
"Charged only U service is billed separately from Ave MariaUtility Com- pany, LLLP's water and wastewater service bill.
°Charged only if service problem isNOT the fault of the District.

Base Facility & Usage	General (Residential)
Rates	SFWMD Phi	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58		$13.58	$13.58	
					
Usage per 1,000/gal					
Up to 16,000	$0.73		$0.73	$0.87	
16,001 - 32,000	$1.45		$1.45	$1.74	
Over 32,000	$2.90		$2.90	$3.48	

Base Facility & Usage			General Tier 1	
Rates	SFWMDPh1	SFWMDPh 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
			
Usage per 1,000/gal			

Rates	SFWMDPh1	SFWMDPh 2	SFWMDPh3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617,06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 8,000,000	$0.73	$0.73	$0.87	
8,000,001- 16,000,000	$1.45	$1.45	$1.74	
Over 16,000,000	$2.90	$2.90	$3.48	
n the absence of a formal study recommendation or adion by the Board of Supervisors, the Monthly Base Charge Rote and the olumetric Usage Rate shall be automatically Increased effective October 1 of each fiscal year. The percentage increase shall be	

Over 60,000

Base Facility & Usage
Rates	$2.90

SFWMDPh 1	$2.90

General Tier 2
SFWMDPh 2	$3.48

SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 150,000	$0.73	$073	$0.87	
150,001- 300,000	$1.45	$1.45	$1.74	
Over 300,000	$2.90	$2.90	$3.48	
				
Base Faclllty & Usage Rates	
SFWMDPh 1	General Tier 3
SFWMD Ph 2	
SFWMDPh3	

whichever is greater from January of preceding calendar year to January of current calendar year as published by the Bureau of Labor Statistics of the United States Department of Labor. The calculated rates shall be rounded up to the nearest cent. The nrst Increase under these provisions. if any; shall become effectfve on October 1. 2026_
The specific grant of rulemaking authority for the adoption of the Proposed Rule includes Section 120.54, Florido Statutes, and Chapter 2004-461, Lows of Florido, as amended. The specific laws implemented In the Proposed Rule include, but are not limited to, Sections 189.053, 189.069(2)(a)16, 218.33, 218.391, 286.0105, 286.011, 286.0113, and 286.0114, Florido Statutes.
A statement of estimated regulatory costs, as defined In Section 120.541(2), Florido Statutes, has not been prepared relativeto the Proposed Rule. Any person who wishesto provide the District with a proposal for a lower cost regulatory alternative as provided by Section 120.541(1),Florido Statutes, must do so inwriting within twentyone (21) days after publicationof this notice to the District Manager's Office.
For more information regarding the public hearing, the Proposed Rule, or for a copy of the Proposed Rule and the related incorporated documents, if any, please contact the District Manager c/o Special District Services, Inc.., at 2501A Burns Road, Palm Beach Gardens, Florida 33410, or by calling (561) 630-4922, aholland@sdslnc.org ("District Manager's Office").
This public hearing may be continued to a date, time, and place to be specified on the record at the hea1ing without additional notice. If anyone chooses to appeal any decision of the Board with respect to any matter considered at the public hearing, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, whichincludes the testimony and evidence upon which such appeal Is to be based. At the public hearing, staff or Supervisors may participate in the public hearing by speaker telephone.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations at this public hearing because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the public hearing. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8n1 or 1800-955-8770 for aid In contacting the District Manager's Office.

■

1"	$13.58	$13.58	$13.58	Ave Maria Stewardship Community District	
2"	$50.60	$50.60	$50.60	www.avemarlastewardshiE!Cd.org	
4"	$308.53	$308.53	$308.53 TI-		

AllysonHolland, District Manager

,eels!NAPLES DAILY NEWS 07/08/25

N0-42163461

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 28, 2025
Board Meeting Date:	August 5, 2025

SUBJECT

Consider Resolution 2025-12 to adopt the amendments to the master irrigation system rules and regulations and the updated irrigation fee schedule.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors approve Resolution 2025-12 to adopt the amended master irrigation system rules and regulations and the updated irrigation fee schedule.

GENERAL INFORMATION
The Board of Supervisors approved a contract with Stantec Consulting Services, Inc. (Stantec) at the November 11, 2024 Regular Board Meeting to provide support services to the Ave Maria Stewardship Community District (District) related to evaluating updates to the irrigation rate structures for the Master Irrigation Utility.

At the May 6, 2025 Regular Board Meeting, Stantec presented the proposed updates to the irrigation rate structures and proposed rate changes. The Board of Supervisors unanimously agreed to move forward with the recommended updates to the irrigation rates.
At the June 3, 2025 Regular Board Meeting, Stantec and District staff reviewed the proposed updates to the irrigation rate structures and rate changes, and the Board approved noticing the Public Hearing to take actions needed to adopt the amended master irrigation system rules and regulations and the updated irrigation fee schedule in conjunction with the District’s budget adoption process.

The proposed irrigation fee schedule is attached hereto. As previously discussed, notable changes include:

Scaling base charges by meter size: Larger meters pay more due to higher system demand and impact.
Tier updates: Residential tiers revised to match current usage patterns.
Future Indexing: Allows rates to keep pace with rising costs, and more importantly, further closes the gap between the operation and maintenance costs and system revenue.
1

Stewardship Community District

MEMORANDUM

Addressing Cost Recovery: Proposed changes aim to move rates toward full cost-recovery of the expenses required to operate and maintain the system.
In addition to the irrigation fee schedule, staff reviewed the master irrigation system rules and regulations policy in detail and made minor edits to the document including formatting changes and updates to the application process addressing online applications. In accordance with the requirements of Chapter 2004-461, Laws of Florida, District staff recommends the Board of Supervisors approve Resolution 2025-12 to adopt the amended master irrigation system rules and regulations and the updated irrigation fee schedule in conjunction with the District’s budget adoption process.

PROCUREMENT REVIEW
Not applicable.
DISTRICT ENGINEER REVIEW

Not applicable.

DISTRICT LEGAL COUNSEL REVIEW

The District Legal Counsel has reviewed and approved the Resolution for legal form and sufficiency.

FUNDING REVIEW
Not applicable.

Attachments

2

RESOLUTION 2025-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT ADOPTING AMENDED MASTER IRRIGATION SYSTEM RULES AND REGULATIONS AND FEE SCHEDULE; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, the Ave Maria Stewardship Community District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 2004-461, Laws of Florida, as amended (the “Act”) being situated in Collier County, Florida; and
WHEREAS, the Act authorizes the District to adopt resolutions as may be necessary for the conduct of district business; and
WHEREAS, the Board is authorized by Section 4, subsections (8)(j) and (22) through (25) of the Act to adopt rules and orders pursuant to Chapter 120, Florida Statutes, and to adopt user fees and charges necessary for the conduct of District activities and services; and
WHEREAS, the District desires to adopt amended Irrigation Policies and Rates (the “Amended Irrigation Policies and Rates”), pursuant to the provisions of the Act; and
WHEREAS, the Board finds that the imposition of the amended user fees and charges in accordance with Exhibit A related to the District’s provision of non-potable irrigation water is necessary in order to meet expenses and provide services related to District’s operation of a non- potable irrigation water utility; and
WHEREAS, the Board finds that the user fees and charges described in Exhibit A are just and equitable having been based upon (i) the cost of providing such services; and upon (ii) other factors affecting the use of the facilities furnished.
WHEREAS, the Board scheduled the date of the public hearing for Tuesday, August 5, 2025, at 6:00 P.M., at the Ave Maria Master Association, 5080 Annunciation Circle, Suite 101, Ave Maria, Florida 34142, and the District Manager has caused the notice of the public hearing, with the date to be published in a newspaper of general circulation in Collier County, Florida, consistent with the requirements of the Act; and

WHEREAS, the Board finds that it is in the best interests of the District to adopt by resolution the Amended Irrigation Policies and Rates for use and application beginning October 1, 2025.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:
SECTION 1.  After soliciting and considering comment from the public, if any, at a duly noticed public hearing on the matter, the Board hereby determines that the Amended Irrigation

Policies and Rates described in Exhibit A are just and equitable and have been based upon (i) the costs of providing the services; and upon (ii) other factors affecting the use of the facilities furnished.
SECTION 2. The Amended Irrigation Policies and Rates described in Exhibit A are adopted for the purpose of providing sufficient revenue to meet expenses and provide services related to the District’s operation of a non-potable irrigation water utility, and are hereby approved and confirmed.

SECTION 3. If any provision of this Resolution or the Amended Irrigation Policies and Rates is held to be illegal or invalid, the other provisions shall remain in full force and effect.
SECTION 4.  This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.
PASSED AND ADOPTED this 5th day of August, 2025.
ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Master Irrigation System Rules and Regulations and Fee Schedule

Exhibit A

Amended Master Irrigation System Rules and Regulations and Fee Schedule

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

MASTER IRRIGATION SYSTEM RULES AND REGULATIONS

District Manager
Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, FL 33410 Phone (561} 630-4922

Master Irrigation System Operations Manager Peninsula Improvement Corporation
c/o Ave Maria Utility Company, LLLP
5078 Pope John Paul II Boulevard, Suite 202 Ave Maria, FL 34142
(239} 348-0248

2025

IRRIGATION WATER RULES AND REGULATIONS

TABLE OF CONTENTS	PAGE NO.
INDEX OF RULES AND REGULATIONS	3
RULES AND REGULATIONS	4
SCHEDULE OF RATES/CHARGES AND BILLING INFORMATION	10
WATER CONSERVATION POLICY	11

INDEX OF RULES AND REGULATIONS
Rule No.	Page No.

Technical Terms and Abbreviations	4
General Information	4
Electronically Signed Application Necessary	5
Application by Agents	5
Withholding Service	5
Limitation of Use	5
Continuity of Service	5
Type and Maintenance	6
Change of Customer's Installation	6
Inspection of Customer's Installation	6
Protection of District's Property	6
Access to Premises	6
Right-of-Way or Easements	6
Billing Periods	6
Delinquent Bills	6
Change of Occupancy	7
Unauthorized Connections	7
Meters	7
All Water Through Meter	7
Adjustment of Water Bills	7
Customer Deposit - Establishment of Credit	7
Customer Request for Meter Test	8
Adjustment of Bills for Meter Error	8
Fast Meters	8
Meter Accuracy Requirements	8
Quality of Water	8
Miscellaneous Charges & Reimbursements	9
Watering Restrictions	9

PREAMBLE: THE RULES AND REGULATIONS FOR THE OPERATION OF THE MASTER IRRIGATION SYSTEM HAVE BEEN FORMULATED FROM THE POWERS GRANTED BY THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT PURSUANT TO CHAPTER 2004- 461, LAWS OF FLORIDA. THE SECTION OF THE LAW DIRECTLY PERTAINING TO THE OPERATION OF THE MASTER IRRIGATION UTILITY IS CONTAINED IN SECTION 4: PARA:
{20) MANDATORY USE OF CERTAIN DISTRICT SYSTEMS, FACILITIES AND SERVICES, PARA: {23) RECOVERY OF DELINQUENT CHARGES, PARA {24): DISCONTINUANCE OF SERVICE, AND PARA {25) ENFORCEMENT AND PENALTIES.

TECHNICAL TERMS AND ABBREVIATIONS
"CONSUMER" or "CUSTOMER" - Means any person, firm, corporation, or entity, which has entered into an agreement to receive irrigation water service from the District and is liable for the payment of that irrigation water service.
"CUSTOMER'S INSTALLATION" - All pipes, shut-offs, valves, fixtures and appliances or apparatus of every kind and nature used in connection with or forming a part of an installation for utilizing irrigation water for any purpose ordinarily located on the Customer's side of "Point of Delivery", whether such installation is owned by Customer, or used by consumer under lease or otherwise.
"DISTRICT" - Ave Maria Stewardship Community District.
"IRRIGATION WATER" - Refers to a non-potable blend of reclaimed water and untreated groundwater used for landscape irrigation purposes only.
"MAIN" - Refers to a pipe, conduit, or other facility installed to convey irrigation water service to individual service lines or to other mains.
"POINT OF DELIVERY" - The point where the District's pipes or meters are connected with pipes of the Customer.
"RATE SCHEDULE" - Refers to rates or charges for the classification of service.
"RECLAIMED WATER" - Reclaimed water is highly treated wastewater generated by Ave Maria Utility Company, LLLP which certified plant staff ensure meets or exceeds the minimum water quality standards for public access irrigation set forth by the Florida Department of Environmental Protection pursuant to Chapter 62-610 F.A.C or its successor provision.
"SERVICE" - Service, as mentioned in the Rules and Regulations and in agreement with Customers, shall be construed to include, in addition to all irrigation water service required by the Customer, the readiness and ability on the part of the District to furnish irrigation water service to the Customer.
"SERVICE LINES" - The pipes of the District that are connected from the mains to Point of Delivery.
GENERAL INFORMATION
These Rules and Regulations, as well as the rate schedules, applications and contracts of the District, govern the provision of irrigation water service and, in the absence of specific written agreement to the contrary, apply without modification or change to each and every Customer to whom the District renders irrigation water service. In the event that a portion of these Rules and Regulations are declared unconstitutional or void for any reason by any court of competent jurisdiction, such decision shall in no way affect the validity of the remaining portions of the Rules and Regulations for irrigation water service unless such court order or decision shall so direct.

ELECTRONICALLY SIGNED APPLICATION NECESSARY
Irrigation water service is furnished only upon electronically signed application or agreement accepted by the District and the conditions of such application or agreements are binding upon the Customer as well as upon the District. The application process is online at www.amuc.com. Payment of all fees and charges, including meter charges, account set-up charge, and deposit will be required with the application process. Initiation of service and billing will begin on the date the meter is installed.
APPLICATION BY AGENTS
Applications for irrigation water service requested by firms, partnerships, associations, corporations, government agencies, and others, shall be rendered only by duly authorized parties. When irrigation water service is rendered under agreement, or agreements, entered into between the District and an agent of the principal, the use of such irrigation water service by the principal shall constitute full and complete ratification by the principal of the agreement or agreements entered into between agent and the District and under which such irrigation water service is rendered.
WITHHOLDING SERVICE
The District may withhold or discontinue irrigation water service rendered under application made by any member or agent of a household, organization or business unless all prior indebtedness to the District of such household, organization or business for irrigation water service has been settled in full. Service may also be discontinued for any violation by the Customer or consumer of any rule or regulation set forth herein.
LIMITATION OF USE
Irrigation water service purchased from the District shall only be used by the Customer and the Customer shall not sell or otherwise dispose of such irrigation water service supplied by the District unless pre-approved by the District with written consent. Irrigation water service furnished to the Customer shall be rendered directly to the Customer through District's individual meter and may not be re-metered by the Customer for the purpose of selling or otherwise disposing of irrigation water service to lessees, tenants, or others and, under no circumstances, shall the Customer or Customer's agent or any other individual, association or corporation install meters for the purpose of so re- metering said irrigation water service. In no case shall a Customer, except with the written consent of the District, extend lines across a street, alley, lane, court, property lines, avenue, or other way, in order to furnish irrigation water service for adjacent property through one meter, even though such adjacent property may be owned by the Customer. In case of such unauthorized extension, re- metering, sale or disposition of service, Customer's irrigation water service is subject to discontinuance until such unauthorized extension, re-metering, sale or disposition is discontinued and full payment is made of bills for irrigation water service, calculated on proper classification and rate schedules and reimbursement in full made to the District for all extra expenses incurred for clerical work, testing, and inspections. District may pre-approve re-metering for certain Customers in order to accurately split water consumption and billing within an association.
District assumes no responsibility for maintenance of customer's installation past the point of delivery and is not responsible for the accuracy of billings prepared by approved Customers with re-metered installations.
CONTINUITY OF SERVICE
The District will at all times use reasonable diligence to provide continuous irrigation water service, and having used reasonable diligence, shall not be liable to the Customer for failure or interruption of continuous irrigation water service. The District shall not be liable for any act or omission caused directly or indirectly by strikes, labor troubles, accidents, litigation's, breakdowns, shutdowns for emergency repairs, or adjustments, acts of sabotage, enemies of the Unites States, wars, United

States, State, municipal or other governmental interference, acts of God or other causes beyond its control.
TYPE AND MAINTENANCE
The Customer's pipes, apparatus and equipment shall be selected, installed, used, and maintained in accordance with the standard practice, conforming with the Rules and Regulations of the District, and in full compliance with all Laws and Governmental Regulations applicable to same. The District shall not be responsible for the maintenance and operation of the Customer's pipes and facilities. The Customer expressly agrees not to utilize any appliance or device which is not properly constructed, controlled and protected, or which may adversely affect the irrigation water service; and the District reserves the right to discontinue or withhold irrigation water service to such apparatus or device.
CHANGE OF CUSTOMER'S INSTALLATION
No changes or increases in Customer's installation, which will materially affect the proper operation of the pipes, mains, or stations of the District shall be made without written consent from the District. The Customer will be liable for any change resulting from a violation of this rule.
INPSECTION OF CUSTOMER'S INSTALLATION
All Customer's irrigation water service installations or changes shall be inspected upon completion by the District to ensure that Customer's piping, equipment, and devices have been installed in accordance with accepted standard practice and such local governmental or other rules as may be in effect. The District reserves the right to inspect the Customer's installation prior to rendering irrigation water service and from time to time thereafter but assumes no responsibility whatsoever for any portion thereof.
PROTECTION OF DISTRICT'S PROPERTY
The Customer shall exercise reasonable diligence to protect the District's property on the Customer's premises, and shall knowingly permit no one but the District's agents, or persons authorized by law, to have access to the District's pipes and apparatus. In the event of any loss, or damage to property of the District caused by or arising out of the carelessness, neglect or misuse by the Customer or Customer's Agents, the cost of repairing or replacing such property must be paid by the Customer.
ACCESS TO PREMISES
The District and its agents shall have access, at all reasonable hours, to the premises of the Customer for the purpose of installing, maintaining and inspecting or removing the District's property, reading meters and other purposes incident to delivering or terminating service and, in doing so, will not be liable for trespass.
RIGHT-OF-WAY OR EASEMENTS
The Customer shall grant or cause to be granted to the District and without cost to the District all rights-of-way, easements, permits, and privileges which are necessary for the rendering of irrigation water service.
BILLING PERIODS
Bills for irrigation water service will be rendered monthly. Bills are due when rendered and shall be considered as received by Customer when delivered or mailed to irrigation water service address or some other place mutually agreed upon. Non-receipt of bills by Customer shall not release or diminish Customer's obligation with respect to payment.
DELINQUENT BILLS
Bills are due when rendered, and if not paid within twenty {20) days thereafter become delinquent, and irrigation water service may then, after a minimum of five {5) days written notice, be discontinued.

Service will be resumed only upon payment of all past due bills and penalties, together with a reconnection charge when performed during regular working hours. If reconnection occurs after regular working hours, the reconnection charge for service after regular working hours shall apply. There shall be no liability of any kind against the District for failure of the Consumer to pay the bills on time. No partial payment of any bill rendered will be accepted by the district, except by special agreement with the District.
CHANGE OF OCCUPANCY
When change of occupancy takes place on any premises supplied by the District with irrigation water service, WRITTEN NOTICE thereof shall be given at the office of the District not less than three {3) days prior to the date of the change by the outgoing Customer, who will be held responsible for all irrigation water service used on such premises until such written notice is so received and the District has had reasonable time to discontinue irrigation water service. However, if such written notice has not been received, the application of a succeeding occupant for irrigation water service will automatically terminate the prior account. Customer's deposit may be transferred from one service location to another if both locations are supplied by the district. Consumer's deposit may NOT be transferred from one name to another.
UNAUTHORIZED CONNECTIONS
Connections to the District's irrigation water system for any purpose whatsoever are to be made only by agents of the District. Unauthorized connections render the service subject to immediate discontinuance without notice. Irrigation water service will not be restored until such unauthorized connections have been removed and unless settlement is made in full for all irrigation water service estimated by the District to have been used by reason of such unauthorized connection.
METERS
All irrigation water meters shall be furnished by and remain the property of the District and must be accessible by the District and subject to its control. The Customer must provide the meter box to the District at a suitable and readily accessible location and, if the District considers it advisable, within the premises to be served. Under such circumstances, the Customer must provide adequate and proper space for the installation of meters and other similar devices, and all necessary fittings.
ALL WATER THROUGH METER
That portion of the Customer's installation for irrigation water service shall be so arranged that all irrigation water service shall pass through the meter. No temporary pipes, nipples or spaces are permitted and under no circumstances are connections allowed, which may permit irrigation water to bypass the meter or metering equipment.
ADJUSTMENT OF BILLS
When a Customer has been overcharged or undercharged as a result of incorrect application of the rate schedule, incorrect reading of the meter, incorrect connection of the meter, or other similar reasons, the amount may be credited or billed to the Customer as the case may be.
CUSTOMER DEPOSIT - ESTABLISHMENT OF CREDIT
Before rendering service, the District may require an applicant for service to satisfactorily establish credit, but such establishment of credit shall not relieve the Customer from complying with the District's rules for prompt payment. Credit will be deemed so established if: {A) the applicant for service furnishes a satisfactory guarantor to secure payment of bills for the service requested; {B) the applicant pays a cash deposit; or, {C) the applicant furnishes an irrevocable letter of credit from a bank or a surety bond.

The amount of initial deposit shall be the following:
Single Family Residential {SF):	$60.00 per unit
General Service {GS):	$60.00 per equivalent residential connection
The District may require, upon reasonable written notice of not less than thirty {30) days, such request or notice being separate and apart from any bill for service, a new deposit, where previously waived or returned, or an additional deposit, in order to secure payment of current bills; provided, however, that the total amount of the required deposit shall not exceed an amount equal to the average actual charge for irrigation water service for two {2) monthly billing periods for the 12-month period immediately prior to the date of the notice. In the event the Customer has had service less than 12 months, then the District shall base its new or additional deposit upon the average actual monthly billing available.
CUSTOMER REQUEST FOR METER TEST
Should any Customer request in writing a bench test of his irrigation water meter, the District may require a deposit to defray cost of testing; such deposit not to exceed the following schedule of fees:
METER SIZE	FEE
Under 2"	Actual Cost 2" and Over   Actual Cost
If the meter is found to register in excess of the accuracy limits prescribed herein, the deposit will be refunded; but if below such accuracy limit, the deposit will be retained by the district as a service charge for conducting the test.
ADJUSTMENT OF BILLS FOR METER ERROR
In meter tests made by the District, the accuracy of registration of the meter and its performance in service shall be judged by its average error. The average meter error shall be considered to be the average of the errors at the test rate flows.
FAST METERS
Whenever a meter tested is found to register fast, in excess of the tolerance provided in the Meter Accuracy Requirements provision herein, the District shall refund to the Customer the amount billed in error for one-half the period since the last test, said one-half period not to exceed six {6) months unless it can be shown that the error was due to some cause, the date of which can be fixed. The overcharge shall be computed back to but not beyond such date. The refund shall not include any part of any minimum charge.
METER ACCURACY REQUIREMENTS
All meters used for measuring quantity of irrigation water delivered to a Customer shall be in good mechanical condition and shall be adequate in size and design for the type of service which they measure. Before being installed for the use of any Customer, every irrigation water meter, whether new, repaired, or removed from service for any cause, shall register with 98.5% to 101.5% accuracy within normal flows.
QUALITY OF WATER
The District does not in any way represent that the quality of the irrigation water meets state drinking water standards or is suitable for use as construction water. IRRIGATION WATER IS TO BE USED FOR LANDSCAPE IRRIGATION PURPOSES ONLY. All lines must be underground, and no hose bibs will be allowed on the Customer's irrigation system. The customer is responsible for designing their irrigation

system to take into account the quality of the water. This would include possible strainers on the irrigation heads to account for sand, grit or silt particles, which may be in the irrigation delivery system from time to time. The district is not responsible for discoloration, spotting or rusting of Customer's property. The Customer should design and install his/her irrigation system to avoid spray onto homes, driveways, walks, automobiles, or other property. THE DISTRICT RESERVES THE RIGHT TO UTILIZE RECLAIMED WATER AS A SOURCE OF IRRIGATION WATER.
MISCELLANEOUS CHARGES AND REIMBURSEMENTS
The Customer shall reimburse the District for all extra expenses incurred by the District and whenever the Customer has violated the terms of the Application for Service or the District's Rules and Regulations. Charges for services are included on the Schedule of Irrigation Rates, Miscellaneous Service Charges, and Billing Information.
WATERING RESTRICTIONS
The District has established a level of service for the irrigation system to ensure that the consumptive needs of turf grass and landscape plants are met. This established level of service is based on the irrigation needs of plants and watering restrictions periodically imposed by the South Florida Water Management District {SFWMD) and Collier County.
For all irrigation service areas, the District's irrigation system is designed to apply 1.5 inches per week
{gross) during a 2-day per week, 8-hour per day irrigation period for any one Customer. This is essentially 4 total days or 32 total hours of irrigation.
All Customers are expected to comply with the watering restrictions established by the District, SFWMD, and Collier County. Failure to comply with the restrictions may subject the Customer to discontinuance of irrigation water service.

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
SCHEDULE OF IRRIGATION RATES, MISCELLANEOUS SERVICE CHARGES, AND BILLING INFORMATION

Initial Connection Fee:
Single Family Residential	 Actual Cost General Service	Actual Cost
Monthly Base Facility Charge:	See Current AMSCD FEE SCHEDULE
Monthly Volume Charge {per 1,000 gallons):	See Current AMSCD FEE SCHEDULE Late Fee Charge:	5.0% of monthly total due
Returned Check Charge {Not Sufficient Funds)1:	$30.00 Reconnection Charge:	$51.50 each
Reconnection Charge {if after 5:00 PM or on weekends):	$154.50 each Transfer of Service Charge: $10.00 each
Service Problem Identification Charge2:	$53.02 each
Service Problem Identification Charge {if after 5:00 PM or on weekends)2:	$154.50 each
Terms of Payment:	Payments are due and payable when rendered and become delinquent if not paid within twenty {20) days. After a minimum of five {5) days written notice, service may be discontinued.

Notes:

Charged only if service is billed separately from Ave Maria Utility Company, LLLP's water and wastewater service bill.
Charged only if service problem is NOT the fault of the District.

A COMPLETE COPY OF THE RULES AND REGULATIONS MAY BE REVIEWED AT THE OFFICES OF:

Ave Maria Utility Company, LLLP
5078 Pope John Paul II Boulevard, Suite 202 Ave Maria, Florida 34142

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
WATER CONSERVATION POLICY

It is the policy of the District to conserve our water resources, not only in the drier months, but also throughout the year. Even though the water being delivered to the Customer is not of potable quality, it is important that all Customers do their part in protecting the water resources in this area. The restrictive covenants prohibit individual private wells within the development; therefore, all irrigation water users must cooperate in conserving water for current and future users of the Community.
In implementing its water conservation program, the District has adopted the following as part of its water conservation policy:
The Customer should make sure his lawn is not being over watered. Over watering is not good for water conservation or for the lawn and shrubs.
The Customer should make sure that his planting beds have an adequate supply of mulch which helps retain moisture.
Natural vegetation should be used in the landscape plan wherever possible. Native plants require less water. Natural areas, which have been preserved, should not be irrigated.
The Customer is encouraged to utilize xeriscape practices. Xeriscape is an excellent way to have a beautiful landscape that saves between 30% and 80% of the water used to irrigate a traditional landscape.
Water shortage generally occurs in Southwest Florida during the spring months, when the evaporation is high and rainfall is low. Water shortage can also occur, however, throughout an entire year, particularly if summer rains are below normal. The District and the Customers are required to comply with any irrigation water restriction requirements imposed by the South Florida Water Management District {"SFWMD") and Collier County.
The District reserves the right to enforce this Water Conservation Policy and SFWMD water shortage restrictions. Enforcement action may include fines or penalties, implementing of the graduated water consumption rates, and in extreme cases, temporary discontinuance of the irrigation water service, due to the Customer's violation of this policy, will require the normal reconnect fee to reinstate service. The District will not be liable for any claims of damage to landscaping in implementing this Water Conservation Policy, or in implementing the SFWMD and Collier County water shortage restriction requirements.

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AMSCD Fee Schedule per Tariff Revision

Base Facility & Usage Rates	General (Residential)	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$&00 $13.58	$&00 $13.58	$&00 $13.58	
				
Usage per 1,000lgal				
				
Up to 16,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
16,001 - 32,000	�	$1.45	�	$1.45	$4-,+-1-$1.74	
Over 32,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	General Tier 1	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$&00	$13.58	$&00	$13.58	$&00	$13.58	
2"	$&00	$50.60	$&00	$50.60	$&00	$50.60	
4"	$&00	$308.53	$&00	$308.53	$&00	$308.53	
6"	$&00	$617.06	$&00	$617.06	$&00	$617.06	
8"	$&00	$863.88	$&00	$863.88	$&00	$863.88	
10"	$&00	$1357.52	$&00	$1357.52	$&00	$1357.52	
				
Usage per 1,000lgal				
				
Up to 30,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
30,001 - 60,000	�$1.45	�	$1.45	$4-,+4- $1.74	
Over60,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	General Tier 2	
	SFWMD Ph 1	SFWMD Ph 2	SFWMDPh3	
1"	$&00	$13.58	$&00	$13.58	$&00	$13.58	
2"	$&00	$50.60	$&00	$50.60	$&00	$50.60	
4"	$&00	$308.53	$&00	$308.53	$&00	$308.53	
6"	$&00	$617.06	$&00	$617.06	$&00	$617.06	
8"	$&00	$863.88	$&00	$863.88	$&00	$863.88	
10"	$&00	$1357.52	$&00	$1357.52	$&00	$1357.52	
				
Usage per 1,000lgal				
				
Up to 150,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
150,001 - 300,000	�$1.45	�$1.45	$4-,+4- $1.74	
Over 300,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	General Tier 3	
	SFWMD Ph 1	SFWMD Ph 2	SFWMDPh3	
1"	$&00  $13.58	$&00  $13.58	$&00  $13.58	
2"	$&00  $50.60	$&00  $50.60	$&00  $50.60	
4"	$&00  $308.53	$&00  $308.53	$&00  $308.53	
6"	$&00  $617.06	$&00  $617.06	$&00  $617.06	
8"	$&00  $863.88	$&00  $863.88	$&00  $863.88	
10"	$&00 $1357.52	$&00 $1357.52	$&00 $1357.52	
				
Usage per 1,000lgal				
				
Up to 300,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
300,001 - 600,000	�	$1.45	�	$1.45	$4-,+4- $1.74	
Over 600,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	Commercial Tier 1	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$&00	$13.58	$&00	$13.58	$&00	$13.58	
2"	$&00	$50.60	$&00	$50.60	$&00	$50.60	
4"	$&00	$308.53	$&00	$308.53	$&00	$308.53	
6"	$&00	$617.06	$&00	$617.06	$&00	$617.06	
8"	$&00	$863.88	$&00	$863.88	$&00	$863.88	
10"	$&00	$1357.52	$&00	$1357.52	$&00	$1357.52	
				
Usage per 1,000lgal				
				
Up to 1,000,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
1,000,001 - 2,000,000	�$1.45	�	$1.45	$4-,+4- $1.74	
Over 2,000,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	Commercial Tier 2	
	SFWMD Ph 1	SFWMD Ph 2	SFWMDPh3	
1"	$&00	$13.58	$&00	$13.58	$&00	$13.58	
2"	$&00	$50.60	$&00	$50.60	$&00	$50.60	
4"	$&00	$308.53	$&00	$308.53	$&00	$308.53	
6"	$&00	$617.06	$&00	$617.06	$&00	$617.06	
8"	$&00	$863.88	$&00	$863.88	$&00	$863.88	
10"	$&00	$1357.52	$&00	$1357.52	$&00	$1357.52	
				
Usage per 1,000lgal				
				
Up to 4,000,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
4,000,001 - 8,000,000	�$1.45	�$1.45	$4-,+4- $1.74	
Over 8,000,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

Base Facility & Usage
Rates	Commercial Tier 3	
	SFWMD Ph 1	SFWMD Ph 2	SFWMDPh3	
1"	$&00  $13.58	$&00  $13.58	$&00  $13.58	
2"	$&00  $50.60	$&00  $50.60	$&00  $50.60	
4"	$&00  $308.53	$&00  $308.53	$&00  $308.53	
6"	$&00  $617.06	$&00  $617.06	$&00  $617.06	
8"	$&00  $863.88	$&00  $863.88	$&00  $863.88	
10"	$&00 $1357.52	$&00 $1357.52	$&00 $1357.52	
				
Usage per 1,000lgal				
				
Up to 8,000,000	$Q,&1- $0.73	$Q,&1- $0.73	$G,W $0.87	
8,000,001 -16,000,000	�	$1.45	�	$1.45	$4-,+4- $1.74	
Over 16,000,000	$-1-,8a $2.90	$-1-,8a $2.90	$2,U $3.48	

In the absence of a formal study recommendation or action by the Board, the Monthly Base Charge Rate and the Volumetric Usage Rate shall be automatically increased effective October 1st of each fiscal year. The percentage increase shall be the percentage increase, if any, in the US Consumer Price Index (CPI) Water and Sewerage Maintenance Series (US Bureau of Labor Statistics, Series ID CUUR0000SEHG01 assessed via US Bureau of Labor Statistics http://www.bls.gov/cpilcpifaq.htm) or 4%, whichever is greater from January of preceding calendar year to January of current calendar year as published by the Bureau of Labor Statistics of the United States Department of Labor. The calculated rates shall be rounded up to the nearest cent. The first increase under these provisions, if any, shall become effective on October 1, 2026.

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AMSCD Fee Schedule per Tariff Revision

Base Facility & Usage Rates	General (Residential)	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
				
Usage per 1,000/gal				
				
Up to 16,000	$0.73	$0.73	$0.87	
16,001 - 32,000	$1.45	$1.45	$1.74	
Over 32,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	General Tier 1	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 30,000	$0.73	$0.73	$0.87	
30,001 - 60,000	$1.45	$1.45	$1.74	
Over60,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	General Tier 2	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 150,000	$0.73	$0.73	$0.87	
150,001 - 300,000	$1.45	$1.45	$1.74	
Over 300,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	General Tier 3	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 300,000	$0.73	$0.73	$0.87	
300,001 - 600,000	$1.45	$1.45	$1.74	
Over 600,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	Commercial Tier 1	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 1,000,000	$0.73	$0.73	$0.87	
1,000,001 - 2,000,000	$1.45	$1.45	$1.74	
Over 2,000,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	Commercial Tier 2	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 4,000,000	$0.73	$0.73	$0.87	
4,000,001 - 8,000,000	$1.45	$1.45	$1.74	
Over 8,000,000	$2.90	$2.90	$3.48	

Base Facility & Usage
Rates	Commercial Tier 3	
	SFWMD Ph 1	SFWMD Ph 2	SFWMD Ph 3	
1"	$13.58	$13.58	$13.58	
2"	$50.60	$50.60	$50.60	
4"	$308.53	$308.53	$308.53	
6"	$617.06	$617.06	$617.06	
8"	$863.88	$863.88	$863.88	
10"	$1,357.52	$1,357.52	$1,357.52	
				
Usage per 1,000/gal				
				
Up to 8,000,000	$0.73	$0.73	$0.87	
8,000,001 - 16,000,000	$1.45	$1.45	$1.74	
Over 16,000,000	$2.90	$2.90	$3.48	

In the absence of a formal study recommendation or action by the Board, the Monthly Base Charge Rate and the Volumetric Usage Rate shall be automatically increased effective October 1st of each fiscal year. The percentage increase shall be the percentage increase, if any, in the US Consumer Price Index (CPI) Water and Sewerage Maintenance Series (US Bureau of Labor Statistics, Series ID CUUR0000SEHG01 assessed via US Bureau of Labor Statistics http://www.bis.govlcpi/cpifaq.him) or 4%, whichever is greater from January of preceding calendar year to January of current calendar year as published by the Bureau of Labor Statistics of the United States Department of Labor. The calculated rates shall be rounded up to the nearest cent. The first increase under these provisions, if any, shall become effective on October 1, 2026.

•LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025
- 	�----=iw---

My commission expires

PO#:

# of Copies:

Publication Cost:	$5223.44	
Tax Amount:	$0.00	
Payment Cost:	$5223.44	
Order No:	11486437	
Customer No:	1125641	

1
PH on Assessments w/ National Boundary Map

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

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 2

Page 31

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER IMPOIIITIOH 0� SPECIAL ASSESDEHTS PURSUANT TO SECTION 170.07
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ATlEST.	AVE MARLA STEWARDSHIP
COMMUNITY DISTRICT
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 AVE lllARIA STEW,dAoRhDpScHdI.Po-CgOMMUNITY DISTRICT

*LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025

515dz

My commission expires

PO#:

# of Copies:

Publication Cost:	$2612.72	
Tax Amount:	$0.00	
Payment Cost:	$2612.72	
Order No:	11486083	
Customer No:	1125641	

1
Budget OM Assessment Hearing
FY2026

THIS IS NOT AN INVOICE!
Please do not use thisformfor payment remittance.

NANCY HEYRMAN
Notary Public
S�te of Wisconsin

---�  •� •	,.,..�.A	Page 1 of 2

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FY 2025-2026 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board") for the Ave Maria Stewardship Community District ("District") will hold the following public hearings and regular meeting:
DATE:	August 5, 2025
TIME:	6:00 P.M.
LOCATION:	Ave Maria Master Association
5080 Annunciation Circle, Suite 101 Ave Maria, Florida 34142
The first public hearing is being held pursuant to Char,ter 2004-461, Laws of Florida, to receive public comment and objections on the District's proposed budget ("Proposed Budget') for the fiscal year beginning October 1, 2025, and ending September 30, 2026 ("FY 2025-2026"). The second public hearing is being held pursuant to Chapter 2004-461, Laws of Florida, to consider the imposition of operations and maintenance special assessments ("O&M Assessments") upon the lands located within the District to fund the Proposed Budget for FY 2025-2026; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of O&M Assessments. At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A regular Board meeting of the District will also be held where the Board may consider any other District business that may properly come before it.
Description of Assessments
The District imposes O&M Assessments on benefitted properly within the District for the purpose of funding the District's general administrative, operations, and maintenance budget. A description of the services to be funded by the O&M Assessments, and the properties to be improved and benefitted from the O&M Assessments, are all set forth in the Proposed Budget. A geographic depiction of the property potentially subject to lhe proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the hearing:

Land Use	Total # of Units / Acres	EAU/ERU Factor	Prooosed O&M Assessment'	
Multi Familv / Attached	920	Unit	$841.98	
Sinole Familv / Detached	4 774	Unit	$841.98	
ALF Apartments	0	Unit	$90.18	
Aoartments	0	Unit	$242.87	
MB Low Affordable Housina	48	Unit	$171.80	
Goods and Services	196 656	Sa. Ft.	$0.40	
Mini Warehouse (Self Storaael	50353	Sa. Ft.	$0.13	
Liaht Manufacturina	417 048	Sa. Ft.	$0.81	
Hotel	0	Room	$428.04	
Institutional - AM Universitv	1 326	Student	$44.57	
Private K-12 School	437	Student	$110.72	
•includes collection costs and early payment discounts
NOTE: THE DISTRICT RESERVES ALL RIGHTS TO CHANGE THE LAND USES, NUMBER OF UNITS, EQUIVALENT ASSESSMENT OR RESIDENTIAL UNIT ("EAU/ERU") FACTORS, AND O&M ASSESSMENT AMOUNTS AT THE PUBLIC HEARING, WITHOUT FURTHER NOTICE.
The proposed O&M Assessments as stated include collection costs and/or early payment discounts imposed on assessments collected by the Collier County ("County") Tax Collector on the tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for O&M Assessments, such that no public hearing on O&M Assessments shall be held or notice provided in future years unless the O&M Assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes, is met. Note, the O&M Assessments do not include debt service assessments previously levied by the District, ii any.
For FY 2025-2026, the District intends to have the County Tax Collector collect the O&M Assessments imposed on certain developed property and will directly collect the O&M Assessments on the remaining benefitted property, if any, by sending out a bill no later than November of this year. It is important to pay your O&M Assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title or, for direct billed O&M Assessments, may result in a foreclosure action which also may result in a loss of title. The District's decision to collect O&M Assessments on the County tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.
Additional Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Proposed Budget, proposed assessment roll, and the agenda for the public hearings and meeting may be obtained at the offices of the District Manager, Special District Services, Inc., 2501A Burns Road, Palm Beach Gardens, Florida 33410, Phone (561) 630-4922 ("District Manager's Office"), during normal business hours, or by visiting the District's website at https:ljavemariastewardshipcd.orq/. The public hearings and meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at the public hearings or meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-ei9ht (48) hours prior to the public hearings and 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 Manager's Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty days of publication of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that, accordingly, the person mar need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appea is to be based.
District Manager
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

'@

www.avemariastewardshipcd.org

AVE MARJA TOWN AND UNCVERSITY

UJCATIONM,\P

- - �-L

i. '

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

August 5, 2025

Prepared for

Board of Supervisors

Ave Maria Stewardship Community District Prepared by

Real Estate Econometrics, Inc.

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

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

Introduction

Purpose

This report (the “Fourth Revised O&M Assessment Methodology”) amends the original Operations & Maintenance Assessment Methodology Report (“Original O&M Methodology”) dated and approved July 5, 2007, the First Revised Operations & Maintenance Methodology Report dated and approved May 30, 2017, the Second Revised Operations & Maintenance Methodology Report dated and approved June 23, 2021 and the Third Revised Operations & Maintenance Methodology Report dated and approved July 2, 2024, by the Ave Maria Stewardship Community District (“District”) Board of Supervisors (“Board”). The Original O&M Methodology was designed to apply the annual Operations and Maintenance budget (“O&M Budget”) incurred by the District to provide certain operating and maintenance services to properties in the District.
Since the adoption of the Original O&M Methodology, the Town of Ave Maria’s (“Ave Maria”) build out development program has changed from the original estimation to its current program due to evolving market conditions. Ave Maria has since added to the Ave Maria Stewardship Receiving Area (“Ave Maria SRA”) through Collier County Ordinance 2023-119 as described in Section 1.2 of this report.
The District is codifying the three-year stairstep increase to the annual operations & maintenance (“O&M”) assessment as approved by the Board on July 2, 2024 and the addition of reserves through this methodology. The District has engaged Real Estate Econometrics, Inc. (“Consultant”) to develop the revised methodology.

Background

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

`	1

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

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

Expanded the Ave Maria SRA to include 325-acres (+/-) in the northwest area of the District and 540-acres (+/-) in the southeast area of the District.

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

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

Land Use	Number of Units	
Residential*	10,350	
Apartments	602	
Middlebrook - Affordable Housing	48	
ALF Apartments	275	
Goods and Services	1,078,943	
Mini Warehouse (Self Storage)	40,400	
Light Manufacturing	711,000	
Hotel	300	
Institutional - AM University	2,000	
Private K-12 School	900	
*- Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: Developer

2

The District is also codifying the stairstep assessment increase over three years that was approved at the July 2, 2024, meeting and adding reserves to the O&M methodology.

Use of Specific Numbers within the Tables of the O&M Budget Assessment Methodology

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

The District Operations & Maintenance Budget at Build Out

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

(Rest of page left intentionally blank)

`	3

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

OPERATIONS AND MAINTENANCE	2024 Estimate	
		
Electric - Streetlights and Landscaping	300,000	
		
Roads - General Maintenance	0	
Roads - Street Sweeping	100,000	
Roads - Striping & Traffic Markings	350,000	
Roads - Street Light Maintenance	300,000	
Roads - Sidewalk/Curb Repairs	200,000	
Roads - Signage Repair	250,000	
		
Landscape - Maintenance Contracts	1,800,000	
Landscape - Tree Trimming	300,000	
Landscape - Plant Replacement	400,000	
Landscape - Mulch & Miscellaneous	350,000	
Landscape - Storm Cleanup	400,000	
		
Lakes - Maintenance & Littorals	200,000	
Lakes - Aerators	25,000	
Lakes - Aquatic Replacements	75,000	
		
Drainage - Storm Drain Cleaning	100,000	
		
Envirornmental - Preserves Maintenance	450,000	
Envirornmental - Mosquito Control	0	
Envirornmental - Pest/Rodent Control	40,000	
		
Utilities - Irrigation Water	225,000	
Utilities - Irrigation Repair	350,000	
Utilities - Entry Feature Water	10,000	
		
Maintenance - Operations Team (8 ppl)	995,000	
Maintenance - Vehicle Lease/Fuel Repairs	60,000	
Maintenance - Entry Fountain	175,000	
Maintenance - Equipment Repair	20,000	
Maintenance - Misc. Repairs	15,000	
Maintenance - Small Tools	20,000	
		
Admin - Management Team (5 ppl)	815,000	
Admin - Assessment Roll	30,000	
Admin - Website	25,000	
Admin - Payroll	63,000	
Admin - Maintenance Technicians	0	
Admin - Office Lease	30,000	
Admin - Office Utilities	27,500	
Admin - Administrative Supplies	10,000	
Admin - Insurance	250,000	
Admin - Taxes & Licenses	1,000	
Admin - Vehicle Lease/Fuel/Repairs	0	
		
Reserves		
Contingency	75,000	
		
TOTAL EXPENDITURES	$	8,836,500	
Source: District Manager and Master Developer

1 Note build out budget reflected herein does not include the area added to the District boundary in 2023 pursuant to Chapter 2023-333, Law of Florida.

4

O&M Estimated Budget at Build Out Assessment Methodology

Structure

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

Assessment Allocation

The District is undertaking the responsibility of providing the O&M Budget for its master infrastructure that supports vertical development within Ave Maria. As designed, the District infrastructure is an integrated system of improvements that confer special and peculiar benefits to the lands within the District. Logically, the O&M Budget supporting the District infrastructure also confers special and peculiar benefits to the lands within the District.
The Estimated O&M Budget Assessments at Build Out
The District shall allocate the costs to provide the operations and maintenance of its master infrastructure to the Development Program. In the case of the District’s First Sub-Master Final Supplemental Assessment Methodology Report adopted by the AMSCD Board of Supervisors on December 20, 2006, the primary measurement is trip generation since the Ave Maria Capital Improvement Program described in the Master Engineer’s Report dated May 2, 2006, (the “Capital Improvement Program”) is heavily focused on the provision of transportation infrastructure and its related uses such as the master irrigation system parallel the transportation system. In addition, the roadway water is channeled through a series of drainage structures in the roads through pipes to the water management system. The Consultant therefore utilized the same methodology with regard to assessing the O&M Budget to the benefiting properties.

`	5

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

Product Type

Number of
Units	ITE Code

Trips Per Unit

Total Number of Trips

Percent of Total Trips

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

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

(Rest of Page left intentionally blank)

6

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

Product Type

Number of
Units	ITE Code

Trips Per Unit

Total Number of Trips

External Trip Generation

Adjusted Trips Generated

Trip Generation Allocation %

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

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

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

(Rest of Page left intentionally blank)

`	7

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

Product Type

Number of Units

Total Benefit Allocation

Unit Net O&M Assessment

Revised Per Unit Gross O&M Assessment with 4% Discount

Residential*		
Residential	10,350	$7,539,968	$728.50	$787.57	
Apartments	602	$126,498	$210.13	$227.17	
Middlebrook - Affordable Housing	48	$7,135	$148.64	$160.69	
ALF Apartments
Commercial	275	$21,457	$78.03	$84.35	
Goods and Services	1,078,943	$366,749	$0.34	$0.37	
Mini Warehouse (Self Storage)	40,400	$4,526	$0.11	$0.12	
Light Manufacturing	711,000	$495,718	$0.70	$0.75	
Hotel	300	$111,106	$370.35	$400.38	
Institutional - AM University	2,000	$77,130	$38.56	$41.69	
Private K-12 School	900	$86,215	$95.79	$103.56	
Totals		$8,836,500			
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
Source: District Manager, Master Developer and Real Estate Econometrics, Inc.

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

Stairstep Assessment Increase

At the District’s preliminary budget adoption meeting on July 2, 2024, the Board approved a three-year stairstep approach to the increase annual operations & maintenance assessment increase proposed for Fiscal Year 2024-2025. The increase is $102.19 per year. Table 6 below shows the stairstep annual O&M assessment by year.

Table 6. O&M Gross Assessment Spread Over 3 Years

November 2023	November 2024	November 2025	November 2026	
$481.00	$583.19	$685.38	$787.56	
Note: Does not include potential changes to the Consumer Price Index (CPI)

8

Establishment of a Reserve Account

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

Previously, Table 3 and Table 4 established the method for allocating the special benefit by product type for the operations and maintenance of the District’s capital assets. The District enlisted the services of Reserve Advisors to prepare a report (“reserve study”) on the assets of the District. The reserve study was delivered to the District on January 2, 2025.

The District prepared a cash flow report based on that study to determine what annual reserve assessments by product type are needed to keep the reserve account neutral to positive. The cash flow analysis determined that an annual total reserve benefit allocation of $1,700,000 is required to maintain the reserve account in a neutral to positive position on an annual basis through the next 30 years. This Fourth Revised O&M Methodology determines the annual assessments required to maintain the reserve account in a neutral to positive position are shown in Table 6 below.
Table 6. Reserves Benefit Allocation and Assessment per Unit

Land Use	Number of Units	Total Benefit Allocation	Per Unit Reserve Assessment**	
Residential*	10,350	$1,450,568	$140.15	
Middlebrook - Affordable Housing	48	$1,373	$28.60	
Apartments	602	$24,336	$40.43	
ALF Apartments	275	$4,128	$15.01	
Goods and Services	1,078,943	$70,557	$0.07	
Mini Warehouse (Self Storage)	40,400	$871	$0.02	
Light Manufacturing	711,000	$95,368	$0.13	
Hotel	300	$21,375	$71.25	
Institutional - AM University	2,000	$14,839	$7.42	
Private K-12 School	900	$16,586	$18.43	
Total		$1,700,000		
* - Includes townhomes, attached villas, condominiums, duplexes, carriage homes, single family homes and detached villas.
** - Net of Collection Costs.
Source: District Manager, Master Developer, Reserve Study and Real Estate Econometrics, Inc.

`	9

Consumer Price Index Multiplier

In order to allow for price increases in services and parts, the Consultant recommends that the build out budget as shown in Table 2 be adjusted by a consumer price index multiplier so that the budget keeps up with inflation and other economic adjustments. The Consultant recommends using the United States Bureau of Labor Statistics consumer price index for Urban Wage Earners and Clerical Workers in the Southeast Region. The March year over year CPI for that category should be used as the multiplier since it will allow for the calculation of the O&M Budget prior to the next fiscal year’s preliminary budget approval meeting in May/June.

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

A reasonable estimate of the proportion of special and peculiar benefits received from the District’s O&M Budget is expressed in Table 5 above.

The determination has been made that the duty to pay the non-ad valorem special assessments and the determined O&M Budget special and peculiar benefits are fairly and reasonably apportioned because the special and peculiar benefits to the property deriving from the O&M Budget (and the concomitant responsibility for the payment of the resultant and allocated O&M Budget) have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with each land use category.
Accordingly, no acre or parcel of property within the boundary of the District will be assessed for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property.
The per unit allocation amounts in Table 5 and Table 6 represent the anticipated per unit O&M and Reserve allocations assuming all anticipated land uses and units are built out in the proportions planned. If the anticipated amount of land uses and units were to change, then the allocations will change accordingly.

10

Clarifications and Amplifications

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

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

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`	11

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 29, 2025
Board Meeting Date:	August 5, 2025

SUBJECT

Consider Approval of Resolution No. 2025-13 Adopting a Fiscal Year 2025/2026 Final Budget Appropriation Resolution and Resolution No. 2025-14 Adopting an Annual Assessment Resolution for Fiscal Year 2025/2026.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors approve the Resolution No. 2025-13 Adopting a Fiscal Year 2025/2026 Final Budget Appropriation Resolution and Resolution No. 2025-14 Adopting an Annual Assessment Resolution for Fiscal Year 2025/2026.

GENERAL INFORMATION
The District Manager presented the Proposed Fiscal Year 2025/2026 Operations & Maintenance (O&M) Expenditures in detail at the Budget Workshop on May 20, 2025. The District Manager explained that she restructured the O&M expenditures to better fit the operations of the District. The Board approved the Proposed Fiscal Year 2025/2026 Budget at the June 3, 2025 Regular Board Meeting.
Last year, staff presented an increase to the O&M assessment as a result of the updated buildout budget methodology. The Board unanimously approved a stair-step increase to the O&M assessment over three (3) years instead of a one-time increase. The first increase was implemented in the current fiscal year (FY), the second increase is proposed in FY25/26, and the third increase will be implemented in FY 26/27.

Per the direction of the Board, the FY25/26 budget includes a reserve contribution in accordance with the reserve study that was finalized and presented to the Board earlier this year. A new Reserve Sheet has been added to the budget to detail the reserve fund. District staff prepared a cash flow report based on the reserve study to determine the annual reserve assessments by land use to keep the reserve account neutral to positive. The cash flow analysis determined that an annual total reserve benefit allocation of $1.7M is required to maintain the reserve account in a neutral to positive position on an annual basis (based on the buildout budget methodology). The O&M methodology report was updated to include the reserves and is included in the meeting book. The proposed FY 25/26 reserve contribution is $950,878 ($879,562 net, after County fees and discounts). The only reserve expenditure scheduled for FY 25/26 is irrigation replacement

Stewardship Community District

MEMORANDUM

(including electrical) in the amount of $350,000. The reserve analysis is a dynamic document and will be updated annually to reflect evolving infrastructure and funding needs.

In summary, the O&M assessment is increasing due to the previously approved stair-step increase and the proposed reserve contribution. The proposed O&M assessment for a single family (SF) home is summarized as follows:

Existing FY 24/25 assessment = $583.19
+ previously approved stair-step increase of $102.19
= $685.38 plus 2.4% CPI = $701.83
+ proposed reserve component of assessment of $140.15
Total Proposed FY 25/26 assessment for SF home = $841.98
Additionally, the proposed FY 2025/2026 Developer Funding Agreement is attached to this memorandum. As in prior years, the Developer Funding Agreement addresses the developer funding the O&M deficit for actual expenses of the District and up to the total amount of the O&M Budget; provided, however, that the Developer shall not be responsible for any O&M Deficit resulting from amendments to the O&M Budget, unless the Developer approves of such amendments. The Developer Funding Agreement also addresses the Master Irrigation Utility Budget.

PROCUREMENT REVIEW

Not applicable.
DISTRICT ENGINEER REVIEW

Not applicable.

DISTRICT LEGAL COUNSEL REVIEW
District Legal Counsel has reviewed and approved the Resolution for legal form and sufficiency.
FUNDING REVIEW
Not applicable.

Attachment

RESOLUTION 2025-13
[FY 2026 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Ave Maria Stewardship Community District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Chapter 2004-461(4)(6)(b), Laws of Florida; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Chapter 2004-461(4)(6)(b), Laws of Florida; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication; and
WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Chapter 2004-461(4)(6)(b), Laws of Florida, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:
SECTION 1.   BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Chapter 2004-461(4)(6)(b), Laws of Florida (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Ave Maria Stewardship Community District for the Fiscal Year Ending September 30, 2026.”

1

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2026, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2026 or within 60 days following the end of the FY 2026 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.
Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 5TH DAY OF AUGUST, 2025.
ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

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

Exhibit A:	FY 2026 Budget

2

Exhibit A
FY 2026 Budget

Ave Maria Stewardship	
Community District	

Final Budget For	
Fiscal Year 2025/2026	
October 1, 2025 - September 30, 2026	

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FISCAL YEAR 2025/2026 BUDGET
TABLE OF CONTENTS

Budget Summary

Final Budget Summary Charts	3	

Detailed Final Budget	4	

Detailed Budgets with Previous Year Comparisions

Detailed Final Budget with Comparisons	5	

Detailed Final Maintenance Budget with Comparisons	6	

Detailed Final Reserve Budget with Comparisons	7	

Debt Service

Detailed Final Series 2019 (refi of 2006) Debt Service Fund Budget	8	

Detailed Final Series 2022 (refi of 2012) Debt Service Fund Budget	9	

Detailed Final Series 2021 (Master) Debt Service Fund Budget	10	

Detailed Final Series 2023 (Master) Debt Service Fund Budget	11	

Detailed Final Series 2025 (Master) Debt Service Fund Budget	12	

Detailed Final Series 2015 (Maple Ridge) Debt Service Fund Budget	13	

Detailed Final Series 2016 (Maple Ridge) Debt Service Fund Budget	14	

Detailed Final Series 2018 (Maple Ridge) Debt Service Fund Budget	15	

Detailed Final Series 2020 (Maple Ridge) Debt Service Fund Budget	16	

Detailed Final Series 2022 (Maple Ridge) Debt Service Fund Budget	17	

Detailed Final Series 2025 (Maple Ridge) Debt Service Fund Budget	18	

Detailed Final Series 2021 (Ave Maria National) Debt Service Fund Budget	19	

Assessments Detail

Assessment Breakdown	20	

Assessment Comparison	21	

FINAL BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Sources	Revenue	Percentage	

Assessments	$	12,879,437	92%	
Developer Contributions	$	1,112,581	8%	
Other / Reserve Draw	$	500	0%	

8%

Assessments

Developer Contributions

92%

$	13,992,518	100%	

Total Revenue

Sources	Expenditures	Percentage	

Administrative	$	871,384	6%	
Maintenance	$	4,410,100	33%	
Reserve	$	350,000	3%	
Debt Payments	$	6,865,514	51%	
Discounts & Fees	$	965,958	7%	

$	13,462,956	100%	

Total Expenditures

6%

7%

Administrative

33%

Maintenance

Reserve

51%

3%

Debt Payments

Discounts & Fees

DETAILED BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

REVENUES	
FISCAL YEAR	
	2025/2026	
	BUDGET	
O & M ASSESSMENTS	4,770,257	
RESERVE ASSESSMENTS	950,878	
DEBT ASSESSMENTS	7,158,302	
DEVELOPER CONTRIBUTION FOR O & M	868,496	
DEVELOPER CONTRIBUTION FOR DEBT	244,085	
OTHER REVENUES - OPERATING / FEMA	0	
OTHER REVENUES - RESERVE DRAW	0	
INTEREST - OPERATING	500	
INTEREST - RESERVE	0	
BOND PREPAYMENTS	0	
BOND PREPAYMENTS PAID TO TRUSTEE	0	
		
TOTAL REVENUES	$	13,992,518	
		
EXPENDITURES		
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISORS FEES	9,600	
PAYROLL TAX EXPENSE	734	
DISTRICT ENGINEERING	110,000	
MANAGEMENT	367,500	
LEGAL	100,000	
ASSESSMENT ROLL	25,000	
AUDIT FEES	18,600	
ARBITRAGE REBATE FEE	5,550	
TRAVEL & LODGING	10,000	
INSURANCE	120,000	
LEGAL ADVERTISING	8,000	
MISCELLANEOUS	10,000	
POSTAGE	3,000	
OFFICE SUPPLIES	3,500	
RENTS & LEASES	14,400	
DUES, LICENSE, & SUBSCRIPTIONS	500	
MISCELLANEOUS FILINGS, NOTICES, ETC.	500	
WEBSITE HOSTING FEES	2,500	
TRUSTEE FEES	50,000	
CONTINUING DISCLOSURE FEE	12,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	871,384	
		
MAINTENANCE EXPENDITURES		
MAINTENANCE	4,410,100	
		
RESERVE ACTIVITY		
RESERVE EXPENSE	350,000	
NET CHANGE TO RESERVE BALANCE	529,562	
		
TOTAL EXPENDITURES	$	6,161,046	
		
EXCESS OR (SHORTFALL)	7,831,472	
		
BOND PAYMENTS	(6,865,514)	
		
BALANCE	$	965,958	
		
COUNTY APPRAISER & TAX COLLECTOR COST	(450,780)	
DISCOUNTS FOR EARLY PAYMENTS	(515,178)	
		
NET EXCESS / (SHORTFALL)	$	-	

Page 4

DETAILED BUDGET COMPARISON
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR		
	2023/2024	2024/2025	2025/2026	COMMENTS or	
	ACTUAL	BUDGET	BUDGET	YEAR OVER YEAR CHANGE	
O & M ASSESSMENTS	2,796,176	3,692,018	4,770,257	Detail on Page 20	
RESERVE ASSESSMENTS	27,500	27,500	950,878	Detail on Page 20	
DEBT ASSESSMENTS	6,121,017	6,565,123	7,158,302	Detail on Page 20	
DEVELOPER CONTRIBUTION FOR O & M	2,605,967	1,357,426	868,496		
DEVELOPER CONTRIBUTION FOR DEBT	1,127,512	797,805	244,085		
OTHER REVENUES - OPERATING / FEMA	250	0	0		
OTHER REVENUES - RESERVE DRAW	0	0	0		
INTEREST - OPERATING	42,477	500	500		
INTEREST - RESERVE	14,687	0	0		
BOND PREPAYMENTS	0	0	0		
BOND PREPAYMENTS PAID TO TRUSTEE	0	0	0		
					
TOTAL REVENUES	$	12,735,585	$	12,440,372	$	13,992,518		
					
EXPENDITURES					
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISORS FEES	8,600	9,600	9,600	0	
PAYROLL TAX EXPENSE	658	734	734	Supervisor Fees * 7.65%	
DISTRICT ENGINEERING	97,681	90,000	110,000	20,000	
MANAGEMENT	188,667	350,000	367,500	17,500	
LEGAL	119,738	100,000	100,000	0	
ASSESSMENT ROLL	25,000	25,000	25,000	0	
AUDIT FEES	18,000	18,300	18,600	300	
ARBITRAGE REBATE FEE	4,550	3,900	5,550	1,650	
TRAVEL & LODGING	22,048	10,000	10,000	0	
INSURANCE	106,051	120,000	120,000	0	
LEGAL ADVERTISING	9,224	8,000	8,000	0	
MISCELLANEOUS	14,789	10,000	10,000	0	
POSTAGE	3,850	3,000	3,000	0	
OFFICE SUPPLIES	5,857	3,500	3,500	0	
RENTS & LEASES	0	1,000	14,400	13,400	
DUES, LICENSE, & SUBSCRIPTIONS	175	500	500	0	
MISCELLANEOUS FILINGS, NOTICES, ETC.	0	500	500	0	
WEBSITE HOSTING FEES	2,833	2,500	2,500	0	
TRUSTEE FEES	43,519	40,000	50,000	10,000	
CONTINUING DISCLOSURE FEE	10,000	12,000	12,000	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	681,238	$	808,534	$	871,384		
					
MAINTENANCE EXPENDITURES					
MAINTENANCE	4,709,941	3,937,009	4,410,100	Total Maintenance - Detail On Pg 6	
					
RESERVE ACTIVITY					
RESERVE EXPENSE	0	0	350,000	Total Reserve - Detail On Pg 7	
NET CHANGE TO RESERVE BALANCE	0	0	529,562	Total Reserve - Detail On Pg 7	
					
TOTAL EXPENDITURES	$	5,391,178	$	4,745,543	$	6,161,046		
					
EXCESS OR (SHORTFALL)	$	7,344,407	$	7,694,829	$	7,831,472		
					
BOND PAYMENTS	(6,898,507)	$	(6,870,544)	$	(6,865,514)	2026 P & I Payments	
					
BALANCE	$	445,900	$	769,285	$	965,958		
					
COUNTY APPRAISER & TAX COLLECTOR COST	(128,844)	(359,000)	(450,780)	3.5% Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(338,024)	(410,285)	(515,178)	4% Of Total Assessment Roll	
					
NET EXCESS / (SHORTFALL)	$	(20,968)	$	-	$	-		

Page 5

DETAILED MAINTENANCE BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2023/2024	2024/2025	2025/2026	
		ACTUAL	BUDGET	BUDGET	
	MAINTENANCE EXPENDITURES				
	LANDSCAPE & IRRIGATION				

M-001	
LANDSCAPE & IRRIGATION MAINTENANCE CONTRACT	
707,900	
729,793	
1,050,000	
M-002	PLANT REPLACEMENT	243,136	200,000	200,000	
M-003	MULCH & PINESTRAW (INCLUDING BED PREP)	194,135	150,000	175,000	
M-004	TREE TRIMMING	132,540	160,000	80,000	
M-005	IRRIGATION REPAIR	376,222	205,000	215,000	
M-006	ANNUAL FLOWERS (INCLUDING BED PREP)		0	80,000	
M-007	MISCELLANEOUS LANDSCAPING	125,152	75,000	50,000	
	STREET LIGHTS & ELECTRICITY				

M-008	
ELECTRICITY (STREET LIGHTS & IRRIGATION CLOCKS)	
112,678	
150,000	
150,000	
M-009	STREET LIGHT MAINTENANCE	187,406	140,000	140,000	
	ROADWAYS, SIDEWALK, STRIPING, SIGNAGE				
M-010	SIDEWALK/CURB/PAVER REPAIRS	186,021	200,000	100,000	
M-011	ASPHALT REPAIRS (ROADWAYS/PATHWAYS)		0	75,000	
M-012	STRIPING & TRAFFIC MARKINGS	69,347	250,000	50,000	

M-013	STREET SIGNS (INCLUDING CROSSWALK FLASHING
LIGHTS)	
2,561	
20,000	
35,000	
M-014	STREET SWEEPING	3,000	30,000	36,000	
	STORMWATER DRAINAGE, LAKES, PRESERVES				
M-015	STORMWATER DRAINAGE REPAIRS	21,710	0	50,000	
M-016	STORM DRAIN CLEANING	76,051	52,500	50,000	

M-017	LAKE MAINTENANCE (INCLUDING LITTORALS & LAKE
BANKS)	
68,914	
83,213	
80,000	
M-018	PRESERVE MAINTENANCE	111,584	64,890	115,000	
	MISCELLANEOUS MAINTENANCE/OPERATIONS				
M-019	PRESSURE WASHING	81,021	60,000	65,000	
M-020	FOUNTAIN MAINTENANCE/REPAIR	69,318	50,000	50,000	
M-021	DOG WASTE STATIONS & TRASH CANS		0	6,000	
M-022	SMALL TOOLS	6,003	7,500	5,000	
M-023	VEHICLE FUEL/MAINTENANCE	3,172	35,000	10,000	
M-024	RODENT / PEST CONTROL (BEES, ANTS, RATS)	22,540	25,000	20,000	
M-025	MISC. MAINTENANCE & REPAIRS	53,826	53,400	55,000	

M-026	CHRISTMAS LIGHTS (INCLUDING ELECTRICAL
MAINTENANCE)		
0	
23,500	
	PROFESSIONAL SERVICES AND CIP PROJECTS				
M-027	ASSET MANAGEMENT SUPPORT & SOFTWARE	110,433	139,000	140,000	

M-028	PROFESSIONAL SERVICES
(ENGINEERING/CONSULTING)		
0	
70,000	
M-029	SECURITY CAMERAS PH 2		250,000	250,000	
M-030	ROUNDABOUT UPLIGHTING PROJECT		0	76,000	
M-031	CROSSWALK ENHANCEMENTS		0	100,000	
M-032	STREETLIGHT NUMBERING		0	10,000	
	UTILITIES AND RENT				
M-033	ENTRY FEATURE WATER (POTABLE AMUC)	8,110	5,500	9,400	
M-034	IRRIGATION SPRINKLER WATER (AMUC)	121,316	93,713	140,000	

M-035	
ADMINISTRATION OFFICE RENT & OFFICE SUPPLIES		
0	
9,600	
M-036	OFFICE RENT & SUPPLIES		0	26,000	
M-037	CABLE/PHONE/MODEMS		0	10,000	
M-038	BASE MANAGEMENT FEE (FSR)	21,181	23,000	6,000	
	STORM PREPAREDNESS				
M-039	STORM CLEANUP & REPAIRS	0	112,500	112,500	
	SALARIES & BENEFITS				
M-041	OPERATIONS TEAM SALARIES & BENEFITS	522,134	462,000	485,100	
	LINE ITEMS NO LONGER NEEDED				
	ADMIN PAYROLL	2,852	0		
	TEMP FIRE FACILITY OPERATING COSTS	9,643	0		
	CAPITAL ASSET PURCHASE	37,054	110,000		
	MOSQUITO CONTROL	1,022,980	0		

	TOTAL MAINTENANCE EXPENDITURES	$	4,709,941	$	3,937,009	$	4,410,100	

Page 6

DETAILED RESERVE BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

		FISCAL YEAR
2023/2024
ACTUAL	FISCAL YEAR
2024/2025
BUDGET	FISCAL YEAR
2025/2026
BUDGET	
					
	BEGINNING BALANCE	$	297,148	$	339,335	$	366,835	
	REVENUES				
	
NET RESERVE ASSESSMENTS	
27,500	
27,500	
879,562	
	OTHER REVENUES	0	0	0	
	INTEREST	14,687	0	0	
	TOTAL REVENUES	42,187	27,500	879,562	

EXPENDITURES				
	
Irrigation Replacement (including electrical)	
0	
0	
350,000	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
		0	0	0	
	TOTAL EXPENDITURES	0	0	350,000	
					
	EXCESS OR (SHORTFALL)	42,187	27,500	529,562	
					
	ENDING BALANCE	$	339,335	$	366,835	$	896,397	

Page 7

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (19) (refi of 06)	59,487	500	500	
Net NAV Collection (19) (refi of 06)	1,393,067	1,368,371	1,368,371	
Developer Contribution (refi of 06)	0	0	0	
Prepaid Bonds (19) (refi of 06)	0	0	0	
Bond Proceeds	0	0	0	
				
Total Revenues	$	1,452,554	$	1,368,871	$	1,368,871	
				
EXPENDITURES				
Principal Payments (19) (refi of 06)	935,000	955,000	975,000	
Extraordinary Principal Pymt (19) (refi of 06)	0	3,565	2,865	
Interest Payments (19) (refi of 06)	438,556	410,306	391,006	
Cost of Issuance	0			
				
Total Expenditures	$	1,373,556	$	1,368,871	$	1,368,871	
				
Net Excess/ (Shortfall)	$	78,998	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$15,770,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (22) (refi of 12)	91,487	100	100	
Net NAV Collection (22) (refi of 12)	1,676,283	1,643,963	1,643,963	
Developer Contribution (22) (refi of 12)	0	0	0	
Prepaid Bonds (22) (refi of 12)	0	0	0	
				
Total Revenues	$	1,767,770	$	1,644,063	$	1,644,063	
				
EXPENDITURES				
Principal Payments (22) (refi of 12)	845,000	870,000	895,000	
Extraordinary Principal Pymt (22) (refi of 12)	0	3,475	3,847	
Interest Payments (22) (refi of 12)	807,388	770,588	745,216	
				
Total Expenditures	$	1,652,388	$	1,644,063	$	1,644,063	
				
Net Excess/ (Shortfall)	$	115,382	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$21,285,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (21)	33,206	100	100	
Net NAV Collection (21)	652,943	640,319	640,319	
Developer Contribution (21)	184,741	0	0	
Capitalized Interest (21)	0	0	0	
				
Total Revenues	$	870,890	$	640,419	$	640,419	
				
EXPENDITURES				
Principal Payments (21)	250,000	255,000	260,000	
Extraordinary Principal Payments (21)	0	906	1,700	
Interest Payments (21)	393,006	384,513	378,719	
				
Total Expenditures	$	643,006	$	640,419	$	640,419	
				
Net Excess/ (Shortfall)	$	227,884	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$11,120,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (23)	43,633	100	100	
Net NAV Collection (23)	346,210	624,700	973,523	
Developer Contribution (23)	429,503	659,275	306,727	
Capitalized Interest (23)	0	0	0	
				
Total Revenues	$	819,346	$	1,284,075	$	1,280,350	
				
EXPENDITURES				
Principal Payments (23)	285,000	300,000	310,000	
Extraordinary Principal Payments (23)	0	0	0	
Interest Payments (23)	747,162	984,075	970,350	
Transfer to Construction Fund (23)	8,896			
Total Expenditures	$	1,041,058	$	1,284,075	$	1,280,350	
				
Net Excess/ (Shortfall)	$	(221,712)	$	-	$	-	

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

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

Par Amount As Of 9/30/24 =	$18,865,000	

DETAILED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2025 (MASTER)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (25)	0	0	0	
Net NAV Collection (25)	0	0	0	
Developer Contribution (25)	0	0	0	
Capitalized Interest (25)	0	0	0	
				
Total Revenues	$	-	$	-	$	-	
				
EXPENDITURES				
Principal Payments (25)	0	0	0	
Extraordinary Principal Payments (25)	0	0	0	
Interest Payments (25)	0	0	0	
Transfer to Construction Fund (25)	0			
Total Expenditures	$	-	$	-	$	-	
				
Net Excess/ (Shortfall)	$	-	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through

Series 2025 Bond Information			
Original Par Amount =	$0	Annual Principal Payments Due:	
Average Interest Rate =	0.000%	May 1st	
Issue Date =	0	Annual Interest Payments Due:	
Maturity Date =	0	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$0	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (15)	14,454	100	100	
Net NAV Collection (15)	167,142	163,890	163,890	
Developer Contribution (15)	0	0	0	
Prepaid Bonds (15)	0	0	0	
				
Total Revenues	$	181,596	$	163,990	$	163,990	
				
EXPENDITURES				
Principal Payments (15)	55,000	55,000	55,000	
Extraordinary Principal Payments (15)	0	1,815	4,565	
Interest Payments (15)	111,300	107,175	104,425	
				
Total Expenditures	$	166,300	$	163,990	$	163,990	
				
Net Excess/ (Shortfall)	$	15,296	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$2,045,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (16)	14,429	100	100	
Net NAV Collection (16)	231,143	226,663	226,663	
Developer Contribution (16)	0	0	0	
Prepaid Bonds (16)	0	0	0	
				
Total Revenues	$	245,572	$	226,763	$	226,763	
				
EXPENDITURES				
Principal Payments (16)	65,000	70,000	75,000	
Extraordinary Principal Payments (16)	0	1,363	169	
Interest Payments (16)	160,650	155,400	151,594	
	.			
Total Expenditures	$	225,650	$	226,763	$	226,763	
				
Net Excess/ (Shortfall)	$	19,922	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$2,995,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (18)	14,378	100	100	
Net NAV Collection (18)	258,776	253,748	253,748	
Developer Contribution (18)	0	0	0	
Prepaid Bonds (18)	0	0	0	
				
Total Revenues	$	273,154	$	253,848	$	253,848	
				
EXPENDITURES				
Principal Payments (18)	65,000	70,000	70,000	
Extraordinary Principal Payments (18)	0	2,683	5,413	
Interest Payments (18)	186,765	181,165	178,435	
				
Total Expenditures	$	251,765	$	253,848	$	253,848	
				
Net Excess/ (Shortfall)	$	21,389	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$3,465,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (20)	11,087	100	100	
Net NAV Collection (20)	211,657	207,616	207,616	
Developer Contribution (20)	0	0	0	
Capitalized Interest	0	0	0	
				
Total Revenues	$	222,744	$	207,716	$	207,716	
				
EXPENDITURES				
Principal Payments (20)	60,000	65,000	65,000	
Extraordinary Principal Payments (20)	0	1,658	4,129	
Interest Payments (20)	144,573	141,058	138,588	
				
Total Expenditures	$	204,573	$	207,716	$	207,716	
				
Net Excess/ (Shortfall)	$	18,171	$	-	$	-	

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

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

Par Amount As Of 9/30/24 =	$3,320,000	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (22)	23,289	100	100	
Net NAV Collection (22)	453,130	444,361	444,361	
Developer Contribution (22)	138,498	0	0	
Capitalized Interest	0	0	0	
				
Total Revenues	$	614,917	$	444,461	$	444,461	
				
EXPENDITURES				
Principal Payments (22)	150,000	155,000	160,000	
Extraordinary Principal Payments (22)	0	3,791	3,516	
Interest Payments (22)	292,495	285,670	280,945	
				
Total Expenditures	$	442,495	$	444,461	$	444,461	
				
Net Excess/ (Shortfall)	$	172,422	$	-	$	-	

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

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

Par Amount As Of 9/30/24 =	$7,480,000	

DETAILED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2025 (MAPLE RIDGE)

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (25)	0	0	0	
Net NAV Collection (25)	0	0	120,851	
Developer Contribution (25)	0	0	34,554	
Capitalized Interest	0	0	0	
				
Total Revenues	$	-	$	-	$	155,405	
				
EXPENDITURES				
Principal Payments (25)	0	0	30,000	
Extraordinary Principal Payments (25)	0	0	0	
Interest Payments (25)	0	0	125,405	
				
Total Expenditures	$	-	$	-	$	155,405	
				
Net Excess/ (Shortfall)	$	-	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through

Series 2025 Bond (Maple Ridge) Information	
Original Par Amount =	$2,245,000	Annual Principal Payments Due:	
Average Interest Rate =	5.818%	May 1st	
Issue Date =	July 2025	Annual Interest Payments Due:	
Maturity Date =	May 2055	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$0	

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

REVENUES	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2023/2024	2024/2025	2025/2026	
	ACTUAL	BUDGET	BUDGET	
Interest Income (21)	24,473	0	0	
Net NAV Collection (21)	380,646	501,258	612,398	
Developer Contribution (21)	242,029	135,080	22,635	
Capitalized Interest	0	0	0	
				
Total Revenues	$	647,148	$	636,338	$	635,033	
				
EXPENDITURES				
Principal Payments (21)	235,000	240,000	245,000	
Extraordinary Principal Payments (21)	0	0	0	
Interest Payments (21)	405,568	396,338	390,033	
				
Total Expenditures	$	640,568	$	636,338	$	635,033	
				
Net Excess/ (Shortfall)	$	6,580	$	-	$	-	

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

Par Amount As Of 9/30/24 =	$10,650,000	

Ave Maria Stewardship Community District Assessment Breakdown - Fiscal Year 2025-2026

Reserve O&M Assessment	Assessment Before CPI	Before CPI
Adjustment	Adjustment

Total O&M + Reserve Assessment Before CPI Adjustment

Year End March 2025 CPI Rate

Amount of O&M Assessment Increase due to CPI

Amount of Reserve Assessment Increase due to CPI

New O&M Assessment Amount

New Reserve Assessment Amount

New Total O&M + Reserve Assessment Amount

$
$
$
$
$
$
$
$
$

73.41	$
197.70	$
139.84	$
0.32	$
0.11	$
0.66	$
348.43	$
36.28	$
90.13	$

15.01	$
40.43	$
28.60	$
0.07	$
0.02	$
0.13	$
71.25	$
7.42	$
18.43	$

88.42
238.13
168.44
0.39
0.13
0.79
419.68
43.70
108.56

2.40%	$
2.40%	$
2.40%	$
2.40%	$
2.40%	$
2.40%	$
2.40%	$
2.40%	$
2.40%	$

1.76	$
4.74	$
3.36	$
0.01	$
-	$
0.02	$
8.36	$
0.87	$
2.16	$

-
-
-
-
-
-
-
-
-

$
$
$
$
$
$
$
$
$

75.17	$
202.44	$
143.20	$
0.33	$
0.11	$
0.68	$
356.79	$
37.15	$
92.29	$

15.01	$
40.43	$
28.60	$
0.07	$
0.02	$
0.13	$
71.25	$
7.42	$
18.43	$

90.18
242.87
171.80
0.40
0.13
0.81
428.04
44.57
110.72

O&M Assessments*	
	
Number of Total		
Per Unit Operation	Category Total Operation & Maintenance & Reserve
	Assessment	

$	929,545.92
$ 4,252,840.98

$	-
$	-
$	8,246.40
$	78,662.40
$	6,545.89
$	337,808.88
$	-
$	59,099.82
$	48,384.64	
	Units Platted for		& Maintenance &		
	Fiscal Year 2025-		Reserve		
		2026				Assessment			
	Residential				Per				
Multi Family / Attached	1,104	Unit	$	841.98		
Single Family / Detached	5,051	Unit	$	841.98		

	Other Uses			
	Per				
ALF Apartments	0	Unit	$	90.18		
Apartments	0	Unit	$	242.87		
MB Low Affordable Housing	48	Unit	$	171.80		
Goods and Services	196,656	Sq. Ft.	$	0.40		
Mini Warehouse (Self Storage)	50,353	Sq. Ft.	$	0.13		
Light Manufacturing	417,048	Sq. Ft.	$	0.81		
Hotel	0	Room	$	428.04		
Institutional - AM University	1,326	Student	$	44.57		
Private K-12 School	437	Student	$	110.72		
Total				$ 5,721,134.93	

Automatic CPI Increase Calculation

	

$	685.38	
$	685.38	

$	140.15	
$	140.15	

$	825.53	
$	825.53	

2.40%	
2.40%	

$	16.45	
$	16.45	

$	-	
$	-	

$	701.83	
$	701.83	

$	140.15	
$	140.15	

$	841.98	
$	841.98	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

Debt Assessments *	
	Gross Units Platted		Units Prepaid	Net Units Assessed	Series 2019 Bonds	Series 2022 Bonds	Series 2021 Bonds	Series 2023 Bonds	Series 2015 MR Bonds	Series 2016 MR Bonds	Series 2018 MR Bonds	Series 2020 MR Bonds	Series 2021 AMN Bonds	Series 2022 MR Bonds	Series 2025 MR Bonds	Total Debt
Assessment Per Unit	
Multi Family				
	166		(1)	165	$	403.00											$	403.00	
	92			92		$	495.00										$	495.00	
16 Unit Ver / 30 Unit Ter	46			46		$	495.00							$	455.46			$	950.46	
	40			40			$	449.15									$	449.15	
Coach / 12 Unit Ver	40			40			$	449.15						$	530.29			$	979.44	
16 Unit Ver / 30 Unit Ter	92			92			$	449.15						$	455.46			$	904.61	
	40			40				$	530.02								$	530.02	
Coach / 12 Unit Ver	224			224				$	530.02					$	530.29			$	1,060.31	
16 Unit Ver / 30 Unit Ter	364			364				$	530.02					$	455.46			$	985.48	
Single Family																	
	1167		(15)	1152	$	775.00											$	775.00	
	394			394	$	775.00				$	449.69							$	1,224.69	
	270			270	$	775.00					$	673.19						$	1,448.19	
	3			3	$	775.00						$	667.45					$	1,442.45	
	631		(2)	629		$	951.00										$	951.00	
	94			94		$	951.00				$	673.19						$	1,624.19	
	408			408		$	951.00					$	667.45					$	1,618.45	
	335			335		$	951.00						$	670.00				$	1,621.00	
	218			218		$	951.00							$	667.00			$	1,618.00	
	113			113		$	951.00								$	670.00		$	1,621.00	
	227			227			$	863.74									$	863.74	
	314			314			$	863.74							$	670.00		$	1,533.74	
	171			171			$	863.74						$	667.00			$	1,530.74	
	221			221				$	1,019.27								$	1,019.27	
	290			290				$	1,019.27						$	670.00		$	1,689.27	
	195		

	195				$	1,019.27							$	670.00	$	1,689.27	
Total	6,155		(18)	6,137													

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

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

Page 20

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

Ave Maria Stewardship Community District Total Assessment Comparison 2025-2026

FY 2024-2025	FY 2025-2026	Change -
Number of	Per Unit	Per Unit	Increase /
	Type	 	Bonds Series	  Platted Units   Assessment	  Assessment	 	(Decrease)		

Multi Family	
166	
$986.19	
$1,244.98	
$258.79	
	92	$1,078.19	$1,336.98	$258.79	
	46	$1,533.65	$1,792.44	$258.79	
	40	$1,032.34	$1,291.13	$258.79	
	40	$1,562.63	$1,821.42	$258.79	
	92	$1,487.80	$1,746.59	$258.79	
	40	$1,115.38	$1,372.00	$256.62	
	224	$1,645.67	$1,902.29	$256.62	
	364	$1,570.84	$1,827.46	$256.62	
Single Family	1,167	$1,358.19	$1,616.98	$258.79	
	394	$1,807.88	$2,066.67	$258.79	
	270	$2,031.38	$2,290.17	$258.79	
	3	$2,025.64	$2,284.43	$258.79	
	631	$1,534.19	$1,792.98	$258.79	
	94	$2,207.38	$2,466.17	$258.79	
	408	$2,201.64	$2,460.43	$258.79	
	335	$2,204.19	$2,462.98	$258.79	
	218	$2,201.19	$2,459.98	$258.79	
	113	$2,204.19	$2,462.98	$258.79	
	227	$1,446.93	$1,705.72	$258.79	
	314	$2,116.93	$2,375.72	$258.79	
	171	$2,113.93	$2,372.72	$258.79	
	221	$1,606.64	$1,861.25	$254.61	
	290	$2,276.64	$2,531.25	$254.61	
ALF Apartments	0	$62.46	$90.18	$27.72	
Apartments	0	$168.22	$242.87	$74.65	
Low Affordable Housing	48	$118.99	$171.80	$52.81	
Goods and Services (sqft)	196,656	$0.27	$0.40	$0.13	
Mini Warehouse (Self Storage) (sqft)	50,353	$0.09	$0.13	$0.04	
Light Manufacturing (sqft)	417,048	$0.56	$0.81	$0.25	
Hotel (rooms)	0	$296.48	$428.04	$131.56	
Institutional - AM University (students)	1,326	$30.87	$44.57	$13.70	
Private K-12 School (students)	437	$76.69	$110.72	$34.03	

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

Page 21

RESOLUTION 2025-14
[FY 2026 ASSESSMENT RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT PROVIDING FOR FUNDING FOR THE FY 2026 ADOPTED BUDGET(S); PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Ave Maria Stewardship Community District (“District”) is a local unit of special- purpose government established pursuant to Chapter 2004-461, Laws of Florida, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District, located in Collier County, Florida (“County”); and
WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 2004-461, Laws of Florida; and

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and

WHEREAS, pursuant to Chapter 2004-461, Laws of Florida, the District may fund the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:
FUNDING. The District’s Board hereby authorizes the funding mechanisms for the Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

OPERATIONS AND MAINTENANCE ASSESSMENTS.
Benefit Findings. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibit A, Exhibit B, and further described in the Fourth Revised Operations & Maintenance Assessment Methodology Report for the Ave Maria Stewardship
1

District dated July 25, 2025, and is hereby adopted and implemented and attached hereto as Exhibit C , and is hereby found to be fair and reasonable.

O&M Assessment Imposition. Pursuant to Chapter 2004-461, Laws of Florida, a special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A, Exhibit B and Exhibit C. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

Maximum Rate. Pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection the FY 2026 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.

COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST. Pursuant to Chapter 2004-461,
Laws of Florida, the District is authorized to collect and enforce the Assessments as set forth below.
Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.

Direct Bill Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on “Direct Collect Property” identified in Exhibit B shall be collected directly by the District in accordance with Florida law, as set forth in Exhibit A and Exhibit B. The District’s Board finds and determines that such collection method is an efficient method of collection for the Direct Collect Property.
Due Date (O&M Assessments). O&M Assessments directly collected by the District shall be due and payable on the dates set forth in the invoices prepared by the District Manager, but no earlier than October 1st and no later than September 30th of FY 2026.

2

Due Date (Debt Assessments). Debt Assessments directly collected by the District shall be due and payable in full on December 1, 2025 provided, however, that, to the extent permitted by law, the Debt Assessments due may be paid in partial, deferred payments and on dates that are 30 days prior to the District’s corresponding debt service payment dates all as set forth in the invoice(s) prepared by the District Manager.
In the event that an Assessment payment is not made in accordance with the schedule(s) stated above, the whole of such Assessment, including any remaining partial, deferred payments for the Fiscal Year: shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent Assessments shall accrue at the rate of any bonds secured by the Assessments, or at the statutory prejudgment interest rate, as applicable. In the event an Assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole Assessment, as set forth herein.

Future Collection Methods. The District’s decision to collect Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B, is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection methods provided above. The proceeds therefrom shall be paid to the District. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll.

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

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

3

PASSED AND ADOPTED this 5th day of August, 2025.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Budget
Exhibit B:	Assessment Roll
Exhibit C:	Fourth Revised Operations & Maintenance Assessment Methodology Report for the Ave Maria Stewardship Community District dated July 25, 2025

4

Exhibit A
Budget

Exhibit B
Assessment Roll

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 28, 2025
Board Meeting Date:	August 5, 2025

SUBJECT
Consider Resolution No. 2025-15 Adopting a Final Fiscal Year 2025/2026 Budget for the Master Irrigation Utility System.
STAFF RECOMMENDATION

Staff recommends the Board of Supervisors approve Resolution No. 2025-15 Adopting a Final Fiscal Year 2025/2026 Budget for the Master Irrigation Utility System.
GENERAL INFORMATION
The District Manager presented the Proposed Fiscal Year 2025/2026 Budget for the Master Irrigation Utility System in detail at the Budget Workshop on May 20, 2025 and again at the Regular Board Meeting on June 3, 2025. Notable expenditure changes compared to the current budget include an increase in electricity due to bringing Irrigation Pump Station 4 online later next year and an increase in labor & benefits which is in line with the current consumer price index (CPI) associated with the cost of living. The notable revenue increase includes the Irrigation Revenue (collected on AMUC bills) which is a result of implementation of the proposed rate increases and the development growth within the District (additional meters and irrigable area).
PROCUREMENT REVIEW

Not applicable.
DISTRICT ENGINEER REVIEW
Not applicable.
DISTRICT LEGAL COUNSEL REVIEW

District Legal Counsel has reviewed and approved the Resolution for legal form and sufficiency.
FUNDING REVIEW
Not applicable.
Attachment

RESOLUTION NO. 2025-15

A RESOLUTION OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT ADOPTING A FINAL FISCAL YEAR 2025/2026 BUDGET FOR THE MASTER IRRIGATION UTILITY SYSTEM

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

WHEREAS, the District Manager has prepared a final fiscal year 2025/2026 budget for the Master Irrigation Utility System.

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

Section 1.	The Final Budget for Fiscal Year 2025/2026 for the District’s Master Irrigation Utility System is attached hereto as Exhibit “A” is hereby approved and adopted.

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

PASSED, ADOPTED and EFFECTIVE this 5th day of August, 2025.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

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

Ave Maria Master Irrigation Utility

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

FINAL AVE MARIA MASTER IRRIGATION UTILITY BUDGET AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

	FISCAL YEAR 2023/2024
ACTUAL	FISCAL YEAR 2024/2025
BUDGET	FISCAL YEAR 2025/2026
BUDGET	
REVENUES				

Irrigation Revenue (Collected on AMUC bill)	
1,676,227	
1,760,626	
2,089,744	

Developer Contribution	
156,655	
238,939	
87,157	

Connection Fees	
0	
2,700	
5,000	

Meter Installations	
0	
141,738	
120,002	

Miscellaneous / Carryover Revenue	
7,791	
10,416	
11,240	

Peninsula True-Up Of Expenditures	
24,347	
0	
0	
Total Revenues	$	1,865,020	$	2,154,419	$	2,313,143	
				
EXPENDITURES				

Management Fee	
153,680	
250,247	
255,974	

Electricity	
243,812	
259,394	
419,448	

Labor & Benefits	
427,906	
590,163	
653,345	

Chemicals	
1,500	
1,500	
1,500	

Repairs & Maintenance	
157,240	
167,565	
228,745	

Regulatory Testing	
2,000	
1,500	
1,500	

Meter Purchase	
159,700	
225,620	
94,764	
Meter Installation	6,785	9,971	8,271	
Other Direct Costs	230,500	216,330	98,157	
Administration Fee	8,000	12,000	12,000	
AMUC Bulk Water Charge	459,408	420,129	539,439	
Other Expenses	0	0	0	
Total Expenditures	$	1,850,531	$	2,154,419	$	2,313,143	
				
Excess / (Shortfall)	$	14,489	$	-	$	-	

FY 2026 DEVELOPER CONTRIBUTION AND DEFICIT FUNDING AGREEMENT
THIS FY 2026 DEVELOPER CONTRIBUTION AND DEFICIT FUNDING AGREEMENT (“Agreement”) is
made and entered into to be effective the 	 day of 	 2025, by and between:

Ave Maria Stewardship Community District, a local unit of special-purpose government established pursuant to Chapter 2004-461, Laws of Florida, (the “Act”) and located in Collier County, Florida (“District”), and
Ave Maria Development, LLLP, a Florida limited liability limited partnership, the primary developer of lands within the boundary of the District, and whose address is 2600 Golden Gate Parkway, Naples, Florida 34105 (“Developer”).

RECITALS

WHEREAS, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and
WHEREAS, the District, pursuant to the Act is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the Board of Supervisors (“Board”) of the District has adopted the District’s operations and maintenance budget (“O&M Budget”) for the fiscal year ending September 30, 2026 (“FY 2026”) and has levied special assessments (“O&M Assessments”) to fund a portion of the O&M Budget a copy of which is attached hereto and made a part hereof as Exhibit A; and
WHEREAS, the Board has adopted the Ave Maria Master Irrigation Utility budget (“Utility Budget”) for FY 2026 a copy of which is attached hereto and made a part hereof as Exhibit B; and

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

WHEREAS, in connection with the adoption of the Utility Budget, the Developer has agreed to pay the developer contribution outlined in the Utility Budget and fund any funding deficits;
NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

RECITALS.	The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

FUNDING OBLIGATION.
O&M Budget. The Developer agrees to make available to the District the monies necessary to fund any O&M Deficit for FY 2026, as detailed in the O&M Budget, within thirty (30) days of written
1

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

Utility Budget. The Developer agrees to make available to the District the monies necessary to fund any developer contributions for FY 2026, as detailed in the Utility Budget. Further, the Developer agrees to fund any utility funding deficit for actual expenses of the District. Developer agrees to provide such developer contributions and funding deficit within thirty (30) days of written request by the District. The funds shall be placed in the District's general checking account and used to fund the actual administrative and operations expenses of the District’s Utility Budget. The District shall have no obligation to reimburse the Developer for any monies paid under this Agreement.

AMENDMENT. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORITY. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

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

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

BENEFICIARIES. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

2

APPLICABLE LAW; VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any action under this Agreement shall be in a state circuit court of competent jurisdiction in and for Collier County, Florida.

ARM’S LENGTH. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

By: 	 Its: 		

AVE MARIA DEVELOPMENT, LLLP

By:	 Name: 	  Title: 	 

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

3

EXHIBIT A
O&M Budget with Assessment Schedule

4

EXHIBIT B
Utility Budget

5

•LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025
- 	�----=iw---

My commission expires

PO#:

# of Copies:

Publication Cost:	$5223.44	
Tax Amount:	$0.00	
Payment Cost:	$5223.44	
Order No:	11486437	
Customer No:	1125641	

1
PH on Assessments w/ National Boundary Map

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

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 2

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
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PASSED ANO ADOPTED thl 3ro IM)'of	une, 21125
ATlEST.	AVE MARLA STEWARDSHIP
COMMUNITY DISTRICT
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 AVE lllARIA STEW,dAoRhDpScHdI.Po-CgOMMUNITY DISTRICT

age-8·

*LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

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

STATE OF WISCONSIN, COUNTY OF BROWN

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

07/16/2025,07/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 07/23/2025

515dz

My commission expires

PO#:

# of Copies:

Publication Cost:	$2612.72	
Tax Amount:	$0.00	
Payment Cost:	$2612.72	
Order No:	11486083	
Customer No:	1125641	

1
Budget OM Assessment Hearing
FY2026

THIS IS NOT AN INVOICE!
Please do not use thisformfor payment remittance.

NANCY HEYRMAN
Notary Public
S�te of Wisconsin

---�  •� •	,.,..�.A	Page 1 of 2

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FY 2025-2026 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board") for the Ave Maria Stewardship Community District ("District") will hold the following public hearings and regular meeting:
DATE:	August 5, 2025
TIME:	6:00 P.M.
LOCATION:	Ave Maria Master Association
5080 Annunciation Circle, Suite 101 Ave Maria, Florida 34142
The first public hearing is being held pursuant to Char,ter 2004-461, Laws of Florida, to receive public comment and objections on the District's proposed budget ("Proposed Budget') for the fiscal year beginning October 1, 2025, and ending September 30, 2026 ("FY 2025-2026"). The second public hearing is being held pursuant to Chapter 2004-461, Laws of Florida, to consider the imposition of operations and maintenance special assessments ("O&M Assessments") upon the lands located within the District to fund the Proposed Budget for FY 2025-2026; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of O&M Assessments. At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A regular Board meeting of the District will also be held where the Board may consider any other District business that may properly come before it.
Description of Assessments
The District imposes O&M Assessments on benefitted properly within the District for the purpose of funding the District's general administrative, operations, and maintenance budget. A description of the services to be funded by the O&M Assessments, and the properties to be improved and benefitted from the O&M Assessments, are all set forth in the Proposed Budget. A geographic depiction of the property potentially subject to lhe proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the hearing:

Land Use	Total # of Units / Acres	EAU/ERU Factor	Prooosed O&M Assessment'	
Multi Familv / Attached	920	Unit	$841.98	
Sinole Familv / Detached	4 774	Unit	$841.98	
ALF Apartments	0	Unit	$90.18	
Aoartments	0	Unit	$242.87	
MB Low Affordable Housina	48	Unit	$171.80	
Goods and Services	196 656	Sa. Ft.	$0.40	
Mini Warehouse (Self Storaael	50353	Sa. Ft.	$0.13	
Liaht Manufacturina	417 048	Sa. Ft.	$0.81	
Hotel	0	Room	$428.04	
Institutional - AM Universitv	1 326	Student	$44.57	
Private K-12 School	437	Student	$110.72	
•includes collection costs and early payment discounts
NOTE: THE DISTRICT RESERVES ALL RIGHTS TO CHANGE THE LAND USES, NUMBER OF UNITS, EQUIVALENT ASSESSMENT OR RESIDENTIAL UNIT ("EAU/ERU") FACTORS, AND O&M ASSESSMENT AMOUNTS AT THE PUBLIC HEARING, WITHOUT FURTHER NOTICE.
The proposed O&M Assessments as stated include collection costs and/or early payment discounts imposed on assessments collected by the Collier County ("County") Tax Collector on the tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for O&M Assessments, such that no public hearing on O&M Assessments shall be held or notice provided in future years unless the O&M Assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes, is met. Note, the O&M Assessments do not include debt service assessments previously levied by the District, ii any.
For FY 2025-2026, the District intends to have the County Tax Collector collect the O&M Assessments imposed on certain developed property and will directly collect the O&M Assessments on the remaining benefitted property, if any, by sending out a bill no later than November of this year. It is important to pay your O&M Assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title or, for direct billed O&M Assessments, may result in a foreclosure action which also may result in a loss of title. The District's decision to collect O&M Assessments on the County tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.
Additional Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Proposed Budget, proposed assessment roll, and the agenda for the public hearings and meeting may be obtained at the offices of the District Manager, Special District Services, Inc., 2501A Burns Road, Palm Beach Gardens, Florida 33410, Phone (561) 630-4922 ("District Manager's Office"), during normal business hours, or by visiting the District's website at https:ljavemariastewardshipcd.orq/. The public hearings and meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at the public hearings or meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-ei9ht (48) hours prior to the public hearings and 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 Manager's Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty days of publication of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that, accordingly, the person mar need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appea is to be based.
District Manager
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

'@

www.avemariastewardshipcd.org

AVE MARJA TOWN AND UNCVERSITY

UJCATIONM,\P

- - �-L

i. '

RESOLUTION NO. 2025-16
A RESOLUTION OF THE BOARD OF SUPERVISORS OF AVE MARIA STEWARDSHIP COMMUNITY DISTRICT PROVIDING FOR APPROVAL OF CERTAIN MATTERS RELATING TO ITS $11,340,000 AVE MARIA STEWARDSHIP COMMUNITY DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2021 (AVE MARIA NATIONAL PROJECT); AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors of Ave Maria Stewardship Community District (the "Board" and the "District," respectively) has previously issued, sold and delivered its Ave Maria Stewardship Community District Capital Improvement Revenue Bonds, Series 2021 (Ave Maria National Project) (the "Series 2021 Bonds"), pursuant to a Master Trust Indenture, dated as of December 1, 2006, as supplemented by a Ninth Supplemental Trust Indenture, dated as of March 1, 2021, each between the District and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (together, the "Indenture"); and
WHEREAS, in connection with the issuance of the Series 2021 Bonds, the District entered into that certain Certificate as to Arbitrage and Certain Other Tax Matters dated as of March 4, 2021 (the "Tax Certificate"), providing for covenants by the District to comply with certain provisions of the Internal Revenue Code of 1986, as amended (the "Code"), to ensure that interest on the Series 2021 Bonds remains excluded from gross income for federal income tax purposes; and
WHEREAS, at the time of issuance of the Series 2021 Bonds, the District reasonably anticipated that a portion of the proceeds of the Series 2021 Bonds would be used to finance a portion of the cost of acquisition, construction and equipping of certain roadways and related improvements within the District (the "Roadways"), as more particularly described in the Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer's Report for The National at Ave Maria Contained Within the Ave Maria Stewardship Community District, dated January 25, 2021, prepared by Agnoli, Barber & Brundage, Inc. (the "2021 Engineer's Report"); and
WHEREAS, the District has heretofore spent $3,141,184.73 of the Series 2021 Bond proceeds on certain costs related to the Roadways, including costs for asphalt, limerock, type B stabilization, concrete sidewalks, ADA mats, signing, and pavement markings (the "Proceeds"); and
WHEREAS, the District desires to make the Roadways private and to install a hard gate on such Roadways, restricting public access to such Roadways; and
WHEREAS, Lennar Homes, LLC, a Florida limited liability company (the "Developer"), has expressed its intent to return the Proceeds to the District (upon return, the "Disposition Proceeds") and the District desires to use such Disposition Proceeds to finance other eligible costs as described in the 2021 Engineer's Report, as amended by that certain Amended Series 2021 Supplement to the Sub-Master Supplemental Engineer's Report for The National at Ave Maria Contained Within the Ave Maria Stewardship Community District, Original Board Approval January 25, 2021, Updated as of June 3, 2025, prepared by LJA Engineering, Inc.; and

WHEREAS, in order to comply with the Code and the Tax Certificate, it is necessary for the District to declare its intent to utilize remedial action under the Code with respect to the use of the Proceeds, which could cause the private business use test or the private loan financing test described under the Code to be met, and to approve and provide authorization for execution of a supplement to the Tax Certificate.
NOW THEREFORE, BE IT RESOLVED THAT:
Definitions. All words and phrases used herein in capitalized form, unless otherwise defined herein, shall have the meanings ascribed to them in the Indenture or the Tax Certificate, as applicable.
Declaration of Intent. Pursuant to the provisions of Treasury Regulations Section 1.141-12(a) and Section 8(e) of the Tax Regulatory Covenants (attached as Exhibit B to the Tax Certificate), the District hereby affirms the following facts:
as of the issue date of the Series 2021 Bonds, the District reasonably expected that the Series 2021 Bonds would not meet either of the private activity bond tests for the entire term of the Series 2021 Bonds;
the weighted average maturity of the Series 2021 Bonds was not longer than 120% of the average reasonably expected economic life of the bond-financed property as of the issue date of the Series 2021 Bonds;
the expenditure of the Proceeds was bona fide and was determined at arm's-length;
the District will treat the Disposition Proceeds as Gross Proceeds for purposes of Section 148 of the Code (related to arbitrage); and
the Proceeds were expended on a governmental purpose prior to the date hereof.
Use of Disposition Proceeds. Pursuant to the provisions of Treasury Regulations Section 1.141-12(e) and Section 8(c) of the Tax Regulatory Covenants (attached as Exhibit B to the Tax Certificate), the District hereby affirms the following facts:
the expenditure of the Proceeds was a disposition for which the consideration is exclusively cash;
the District reasonably expects to expend the Disposition Proceeds within two (2) years from the date of receipt of the Disposition Proceeds from the Developer;
the District will treat the Disposition Proceeds as proceeds for purposes of the private activity bond tests and the Disposition Proceeds will be used in a manner that does not cause the Series 2021 Bonds to meet the private activity bond tests; and

2

any Disposition Proceeds not used for alternative projects will be used to redeem or defease the Series 2021 Bonds.
Authorization of Execution and Delivery of a Supplement to the Tax Certificate. The Supplement to Certificate as to Arbitrage and Certain Other Tax Matters (the "Supplement"), substantially in the form attached hereto as Exhibit A, is hereby authorized and approved, subject to such changes, additions, deletions and insertions as shall be approved by the Chairman, which approval shall be conclusively evidenced by the execution thereof. The Chairman is hereby authorized to execute and the Secretary is authorized to attest the Supplement, and all of the provisions of the Supplement, when executed and delivered by the District as authorized herein, shall be deemed to be a part of this Resolution as fully and to the same extent as if incorporated verbatim herein.
Other Actions. The Chairman, the Secretary, and all other members, officers and employees of the Board and the District are hereby authorized and directed to take all actions necessary or desirable as Bond Counsel shall require with respect to the Disposition Proceeds, the Tax Certificate and the Supplement and to execute and deliver such other instruments relating to certain requirements set forth in the Code as shall be necessary or desirable to perform the District's obligations under the Tax Certificate and the Supplement.
The Vice Chairman is hereby authorized to act in the stead of the Chairman in any undertaking authorized or required of the Chairman hereunder and any Assistant Secretary is hereby authorized to act in the stead of the Secretary in any undertaking authorized or required of the Secretary hereunder.
Approval of Prior Actions. All actions taken to date by the members of the Board and the officers, agents and consultants of the District in furtherance of the remedial action contemplated herein are hereby approved, confirmed and ratified.
Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.
Effective Date. This Resolution shall take effect immediately upon its adoption.
[Remainder of Page Intentionally Left Blank]

3

PASSED in Public Session of the Board of Supervisors of Ave Maria Stewardship Community District, this 5th day of August, 2025.

Attest:

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

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

Exhibit A – Form of Supplement to Tax Certificate

4

EXHIBIT A
FORM OF SUPPLEMENT TO TAX CERTIFICATE

(attached hereto)

SUPPLEMENT TO CERTIFICATE AS TO ARBITRAGE AND CERTAIN OTHER TAX MATTERS

This SUPPLEMENT TO CERTIFICATE AS TO ARBITRAGE AND CERTAIN
OTHER TAX MATTERS (this "Supplement to Tax Certificate") is made and dated as of August 6, 2025, by the AVE MARIA STEWARDSHIP COMMUNITY DISTRICT (the
"District"), supplementing that certain Certificate as to Arbitrage and Certain Other Tax Matters dated as of March 4, 2021, executed by the District and relating to the hereinafter defined Series 2021 Bonds (the "Original Tax Certificate").
WHEREAS, the District previously issued its Ave Maria Stewardship Community District Capital Improvement Revenue Bonds, Series 2021 (Ave Maria National Project) (the "Series 2021 Bonds"), pursuant to a Master Trust Indenture, dated as of December 1, 2006, as supplemented by a Ninth Supplemental Trust Indenture, dated as of March 1, 2021, each between the District and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee, which Series 2021 Bonds were issued to fund certain capital improvements within the District; and
WHEREAS, at the time of issuance of the Series 2021 Bonds, the District reasonably anticipated that a portion of the proceeds of the Series 2021 Bonds would be used to finance a portion of the cost of acquisition, construction and equipping of certain roadways and related improvements within the District (the "Roadways"), as more particularly described in the Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer's Report for The National at Ave Maria Contained Within the Ave Maria Stewardship Community District, dated January 25, 2021, prepared by Agnoli, Barber & Brundage, Inc. (the "2021 Engineer's Report"); and
WHEREAS, the District has heretofore spent $3,141,184.73 of the Series 2021 Bond proceeds on certain costs related to the Roadways, including costs for asphalt, limerock, type B stabilization, concrete sidewalks, ADA mats, signing, and pavement markings (the "Proceeds"); and
WHEREAS, the District desires to make the Roadways private and to install a hard gate on such Roadways, restricting public access to such Roadways; and
WHEREAS, Lennar Homes, LLC, a Florida limited liability company (the "Developer"), has expressed its intent to return the Proceeds to the District (upon return, the "Disposition Proceeds") and the District desires to use such Disposition Proceeds to finance other eligible costs as described in the 2021 Engineer's Report, as amended by that certain Amended Series 2021 Supplement to the Sub-Master Supplemental Engineer's Report for The National at Ave Maria Contained Within the Ave Maria Stewardship Community District, Original Board Approval January 25, 2021, Updated as of June 3, 2025, prepared by LJA Engineering, Inc. (as amended, the "Engineer's Report"); and
WHEREAS, the District executed the Original Tax Certificate to ensure compliance by the District with the provisions of the Internal Revenue Code of 1986, as amended (the "Code"), and the United States Treasury Regulations thereunder; and

WHEREAS, to ensure that interest on the Series 2021 Bonds will remain excludable from gross income under the Code, the District is entering into this Supplement to Tax Certificate.
NOW THEREFORE, the District warrants, represents and covenants as follows:
Definitions. Except as otherwise expressly set forth herein, any capitalized terms in this Supplement to Tax Certificate shall have the same meanings as in the Original Tax Certificate.
Representations and Warranties. Except as otherwise expressly set forth herein, all representations and warranties of the District set forth in the Original Tax Certificate remain true and correct and in full force and effect on the date hereof.
Intent to Take Remedial Action. The District has adopted Resolution No. 2025-16 on August 5, 2025 (the "Resolution"), a copy of which is attached hereto as Exhibit A, pursuant to which the District has declared its intent to take remedial action pursuant to the provisions of Treasury Regulations Section 1.148-12. The provisions of Section 2 of the Resolution are incorporated by reference herein in their entirety.
Use of Disposition Proceeds. Pursuant to the Resolution, the District has declared its intent to use the Disposition Proceeds for alternative projects as outlined in the Engineer's Report. The provisions of Section 3 of the Resolution are incorporated by reference herein in their entirety.
Ratification of Original Tax Certificate. As supplemented hereby, the Original Tax Certificate is in all respects ratified and confirmed, and the Original Tax Certificate as so supplemented hereby shall be read, taken and construed as one and the same instrument.
To the best of my knowledge and belief there are no facts, estimates or circumstances other than those expressed in the Original Tax Certificate and herein that materially affect the expectations expressed in the Original Tax Certificate and herein and, to the best of my knowledge and belief, the District's expectations are reasonable. I further represent that the District expects and intends to be able to continue to comply with the provisions and procedures set forth in the Original Tax Certificate and herein, including Section 148 of the Code.
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the District has caused this Supplement to Tax Certificate to be executed by its proper officer thereunto duly authorized, all as of the day and year first written above.
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

By:		 Chairman, Board of Supervisors

RESOLUTION 2025-17

A RESOLUTION AUTHORIZING REALLOCATION OF SERIES 2021 BONDS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SECURING THE SERIES 2021 BONDS; SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2021; CONFIRMING THE MAXIMUM ASSESSMENT LIEN FOR THE CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2021; ALLOCATING THE ASSESSMENTS SECURING THE SPECIAL CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2021; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170 AND 197, FLORIDA STATUTES; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO GOVERNMENTAL BODIES; PROVIDING FOR SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

RECITALS
WHEREAS, the Ave Maria Stewardship Community District (“District”), has previously indicated its intention to undertake, install, establish, construct and/or acquire certain public infrastructure improvements and to finance such public infrastructure improvements through the imposition of special assessments on benefitted property within the District and the issuance of bonds; and
WHEREAS, on June 12, 2006, the District’s Board of Supervisors (“Board”), adopted Resolution 2006-05, as supplemented by Resolution 2021-03, authorizing, among other things, the issuance of not to exceed $825,000,000 aggregate principal amount of its special assessment bonds in order to finance the costs of the construction, installation and acquisition of public infrastructure, improvements and services on lands within the District; and

WHEREAS, the District previously duly authorized and issued its Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2021, in the par amount of $11,340,000 (the “Series 2021 Bonds”), and levied special assessments to secure the Series 2021 Bonds (the “Original Series 2021 Assessments”) to finance certain infrastructure and improvements (the “Original 2021 Project”); and

WHEREAS, the Board, pursuant to Resolution 2025-04, determined it was in the best interest of the District and the landowners of the District to amend the Original 2021 Project as more specifically described and identified in the District’s Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria Contained Within the

Ave Maria Stewardship Community District dated January 25, 2021 (the “Series 2021 Project Report”), and the Original Series 2021 Assessments and as set forth in the Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District dated March 2, 2021 (the “Original 2021 Assessment Report”) to remove the roadways from the scope all as more fully described in the Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria Contained within the Ave Maria Stewardship Community District, Original Board Approval January 25, 2021, Updated as of April 28, 2025 (the “Amended Series 2021 Project Report”) (the “Improvements”) attached to this Resolution as Exhibit A hereto and incorporated herein by this reference, and

WHEREAS, also pursuant to and consistent with the terms of this Resolution and Resolutions 2025-04 and 2025-05, the Board authorized and directed the preparation of the Amended and Restated Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District, dated June 3, 2025, attached hereto as Exhibit B (the “Amended 2021 Assessment Report”), which Amended 2021 Assessment Report is hereby approved by the Board.

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

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including without limitation Chapters 170 and 197 Florida Statutes, and Chapter 2004-461, Laws of Florida.

SECTION 2. FINDINGS. The Board hereby finds and determines as follows:

The District is a local unit of special-purpose government established pursuant to Chapter 2004-461, Laws of Florida, as amended (the “Act”).

The District is authorized under the Act to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, and equip, certain improvements including, but not limited to: drainage/stormwater management system; roadways; landscaping; master irrigation system; and other infrastructure improvements, and services necessitated by the development of, and serving lands within the District.

The District is authorized by Chapters 170 and 197, Florida Statutes, to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services and to issue capital improvement revenue bonds payable from such special assessments as provided in Chapters 170 and 197, Florida Statutes.

The District, after due notice and public hearing, adopted Resolution Nos. 2006-03, 2006-04, 2006-07, and 2021-04 (the “2021 Assessment Resolutions”), which, among other things, equalized, approved, confirmed and levied special assessments on property benefitting

from the infrastructure improvements authorized by the District. Resolution 2021-04, provided that special assessments securing each issue of Bonds may be paid in not more than thirty (30) substantially equal consecutive installments and set forth the term of the Series 2021 Bonds and confirmed the levy of assessments to secure those bonds.

The Amended 2021 Project, the levying of such special assessments on benefitted lands within the National at Ave Maria as security for the remaining outstanding Series 2021 Bonds serves a proper, essential, and valid public purpose and is in the best interests of the District, its landowners and residents.

On June 3, 2025, the District adopted Resolution 2025-04, in which the Board determined to levy the Amended Series 2021 Assessments in order to defray the cost of the outstanding Series 2021 Bonds and/or provision of the Amended 2021 Project. Resolution 2025- 04 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time the same was adopted, the requirements of Section 170.04, Florida Statutes, had been complied with.

As directed by Resolution 2025-04, said Resolution 2025-04 was published as required by Section 170.05, Florida Statutes, and a copy of the publisher's affidavit of publication is on file with the Secretary of the Board.

As directed by Resolution 2025-04, a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06, Florida Statutes.
(i) On June 3, 2025, as required by Section 170.07, Florida Statutes, the District adopted Resolution 2025-05, setting the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to (i) the propriety and advisability of amending the Series 2021 Project and Series 2021 Assessments securing the Series 2021 Bonds, (ii) the cost thereof, (iii) the manner of payment therefore, and, (iv) the amount thereof to be assessed against each parcel of specially benefited property and providing for the mailing and publication of notice of such public hearing.
Notice of such public hearing was given by publication and also by mail as required by Section 170.07, Florida Statutes, and affidavits as to such publications and mailings are on file in the office of the Secretary of the Board.
On August 5, 2025, at the time and place specified in the published notice referred to in paragraph (j) above, the Board met as an Equalization Board, conducted such public hearing and heard and considered all complaints and testimony as to the matters described in paragraph
above, and based thereon, has made such modifications (if any) in the preliminary assessment roll as is desirable at this time.

Having considered the estimated costs of the Amended Series 2021 Project, and all complaints and evidence presented at such public hearing, the Board of Supervisors of the District further finds and determines that: (i) that the estimated costs of the Amended Series 2021 Project are as specified in the Engineer’s Report, which Engineer’s Report is hereby adopted and

approved and that the amount of such costs is reasonable and proper; (ii) it is reasonable, proper, just and right to assess the costs of such Amended Series 2021 Project against the properties specially benefitted thereby using the methods determined by the Board set forth in the Amended and Restated Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District, dated June 3, 2025, which results in the special assessments set forth on the final assessment roll;
(iii) it is hereby declared that the Amended Series 2021 Project will constitute a special benefit to all parcels of real property as listed on the Amended Series 2021 Assessment Roll, and that the benefit, in the case of each such parcel, will be equal to or in excess of the special assessments thereon when allocated as set forth in Exhibit B; and, (iv) it is in the best interests of the District that the special assessments be paid and collected as herein provided.

SECTION 3. AUTHORIZATION OF AMENDMENT TO SERIES 2021 Project.
That certain Amended 2021 Project for construction of infrastructure improvements initially described in Resolution No. 2025-04, and more specifically identified and described in Exhibit A attached hereto, is hereby authorized and approved and the District chair and/or vice chair, staff and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause amendments to the same to be made following adoption of this Resolution as such action shall include conveyance of roadways to Lennar Homes, LLC, pursuant to Resolution 2025-16 and acceptance of alternate eligible Improvements pursuant to the First Amendment to the Agreement Between the Ave Maria Stewardship Community District and Lennar Homes, LLC, Regarding the Acquisition of Certain Work Product and Infrastructure (the National Golf and Country Club at Ave Maria Project) dated March 4, 2021, and modification of existing facilities maintenance. Following and/or in conjunction with such conveyances, the Chair or Vice-Chair is hereby authorized to execute amendments to easements to reconcile the necessary access for maintenance purposes of Amended 2021 Project Improvements only and a First Amendment to the Agreement Between the Ave Maria Stewardship Community District and the National at Ave Maria Property Owners Association, Inc., for Facility Maintenance and Report Services dated March 4, 2021, in substantially similar to form attached hereto as Exhibit C.
SECTION 4. EQUALIZATION, APPROVAL, CONFIRMATION AND LEVY OF
SPECIAL ASSESSMENTS. The special assessments on the parcels specially benefited by the bonds, all as specified in the amended Series 2021 Roll located in Exhibit B, are hereby equalized, approved, confirmed and levied. In the event the issuance of bonds, including refunding bonds, by the District would result in a decrease of the special assessments, then the District shall, by subsequent resolution, adopted within sixty (60) days of the sale of such bonds at a publicly noticed meeting and without the need for further public hearing, evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease.

SECTION 5. CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
SERIES 2021 BONDS. The Series 2021 Bonds, in a par amount of $11,340,000, bear such rates of interest and maturity as shown on Exhibit D attached hereto. The final payment on the Series 2021 Bonds shall be due on May 1, 2051. The sources and uses of funds of the Series 2021 Bonds shall be as set forth in Exhibit E. The debt service due on the Series 2021 Bonds is set

forth on Exhibit F, attached hereto. The lien of the special assessments securing the Series 2021 Bonds levied against the National at Ave Maria lands within the District assessed shall be the remaining principal amount due on the Series 2021 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which the annual assessments are grossed up to include early payment discounts required by law and all costs of collection.

SECTION 6. ALLOCATION OF ASSESSMENTS SECURING SERIES 2021 BONDS.

The Amended 2021 Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the Series 2021 Bonds.

The special assessments for the Series 2021 Bonds shall be allocated in accordance with Exhibit B. The Amended 2021 Assessment Report, considered herein, reflects the Amended 2021 Project and actual terms of the issuance of the District’s Series 2021 Bonds. The estimated costs of collection and required gross up for early payment discount of the special assessments for the Series 2021 Bonds are as set forth in the Amended 2021 Assessment Report; however, in any given year, such actual costs and required gross up amounts shall be included in the special assessments collected by the District under any method authorized by law.

The lien of the special assessments securing the Series 2021 Bonds includes all developable lands within the National at Ave Maria within the District subject to the Amended Series 2021 Assessments as reflected in Exhibit B. To the extent additional land is added to the District, the District may, by supplemental resolution at a regularly noticed meeting and without the need for public hearing, determine such land to be benefitted and reallocate the special assessments securing the Series 2021 Bonds and impose special assessments on the newly added and benefitted property. The annual special assessment certified for collection each year shall not be reduced from year to year, except to the extent the costs of collection decrease or the gross up for early payment discount is lowered by law or with respect to the last assessment installment needed to fully retire the Series 2021 Bonds.

The District shall continue annual collection of special assessments in November of 2025 for the upcoming Series 2021 Bonds debt service payment, using the methods available to it by law.

SECTION 8. PAYMENT OF SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.

The special assessments may be paid in not more than thirty (30), inclusive of prior assessment payment, consecutive annual installments of principal and interest. The Board shall at any time make such adjustments by resolution, at a noticed meeting of the Board, to that payment schedule as may be necessary and in the best interests of the District. The special assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within forty-five (45) calendar days before an interest payment date. An owner of property subject to the special assessments may pay all, or a portion once, of the principal balance of such

special assessment remaining due at any time if there is also paid an amount equal to the interest that would otherwise be due on such balance on the next succeeding interest payment date for the Series 2021 Bonds or, if prepaid during the forty-five (45) day period preceding such interest payment date, on the second succeeding interest payment date. Prepayment of special assessments does not entitle the property owner to any discounts for early payment.

In no event shall the District collect special assessments pursuant to this Resolution in excess of the total debt service related to the Series 2021 Bonds, including all costs of financing and interest. The District recognizes that such things as regulatory requirements and market conditions may affect the timing and scope of the development in the District. If any assessment reallocation pursuant to this Resolution would result in special assessments collected in excess of the District's total debt service obligation for the bonds, the Board shall by resolution take appropriate action to equitably reallocate the special assessments.

The District hereby certifies the special assessments securing the Series 2021 Bonds for collection each year and directs staff to take all actions necessary to meet the time and other deadlines imposed for collection by Collier County and other Florida law. The District intends, unless inapplicable or unavailable or otherwise not in the District’s best interests, to collect the special assessments securing the Series 2021 Bonds using the Uniform Method in Chapter 197, Florida Statutes, or any successor statute thereto. The District Manager shall prepare or cause to be prepared each year a tax roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The decision to collect special assessments by any particular method does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
If in any year, the District determines it to be in its best interest to directly collect the special assessments, or if the Uniform Method is unavailable, the District Manager is further directed and authorized to take all actions necessary to collect any prepayments of debt when due and to collect the special assessments using methods available to the District authorized by Florida law. The deposit of all special assessments securing the Series 2021 Bonds collected by the District under any allowable method shall be made in accordance with the provisions of Sections 197.3632 and 197.3635, Florida Statutes, and the Master Trust Indenture dated December 1, 2006 and as supplemented by the Ninth Supplemental Trust Indenture dated as of March 1, 2021.

The District Manager shall prepare or cause to be prepared each year a tax roll for purposes of effecting the collection of the special assessments and present same to the Board as required by law.

For each year the District uses the Uniform Method, the District shall enter into an agreement with the Collier County Tax Collector who may notify each owner of a lot or parcel within the District of the amount of the non-ad valorem special assessment imposed on property subject thereto, including interest thereon, in the manner provided in Section 197.3635, Florida Statutes.

Notwithstanding the above, in the event the Uniform Method of collecting its special or non-ad valorem assessments is not available to the District in any year, or if determined by the District to be in its best interest, the special assessments may be collected as is otherwise permitted by law. The District may, in its sole discretion, collect special assessments by directly assessing landowner(s) and enforcing said collection in any manner authorized by law.

The District shall in November 2025 continue annual collection of special assessments for the Series 2021 Bonds debt service payments using the methods available to it by law. The annual special assessment certified for collection each year shall not be reduced from year to year, except to the extent the costs of collection decrease or the gross up for early payment discount is lowered by law or with respect to the last assessment installment needed to fully retire the Series 2021 Bonds.

In the event a special assessment payment directly collected by the District is not made, the whole assessment, including any remaining partially deferred payments for the year in question if any, as well as future installments of special assessments securing the Series 2021 Bonds, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the applicable rate of any bonds or other debt instruments secured by the special assessments.
SECTION 9. GOVERNMENT PROPERTY; TRANSFERS OF PROPERTY TO
UNITS OF LOCAL, STATE, AND FEDERAL GOVERNMENT. Property owned by units of local, state, and federal government, and common areas, shall not be subject to the special assessments without specific consent thereto. In addition, property owned by a property owners association or a home owners association that is exempt from special assessments under Florida law shall not be subject to the special assessments. If at any time, any real property on which special assessments are imposed by this resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of the special assessments thereon), or to a property owners association or a home owners association that is exempt from special assessments under Florida law (without the consent of such association to the imposition of special assessments thereon), all future unpaid special assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the District.

SECTION 10. APPLICATION OF TRUE UP PAYMENTS.
Pursuant to the Amended 2021 Assessment Report, attached hereto as Exhibit B, there may be required from time to time certain “True Up Payments.” As lands are platted or approved the special assessments securing the 2021 Bonds shall be allocated to the platted lands and the unplatted lands as set forth this Resolution and the Amended 2021 Assessment Report. In furtherance thereof, at such time as parcels or land or lots are platted, or residential units are created as condominium units, it shall be an express condition of the lien established by this Resolution that any and all initial plats, site plans, and other documents creating condominium units of any portion of the lands within the National at Ave Maria Project, as such boundaries may be amended from time to time, shall be presented to the District Manager for review,

approval and calculation of the percentage of acres and numbers of units which will be, after the plat, considered to be developed. No further action by the Board of Supervisors shall be required. The District’s review shall be limited solely to this function and the enforcement of the lien established by this Resolution. The District Manager shall cause the Special Assessments to be reallocated to the units being platted and the remaining property in accordance with Exhibit B, cause such Reallocation to be recorded in the District’s Improvement Lien Book, and shall perform the true-up calculations described in Exhibit B, which process is incorporated herein as if fully set forth. Any resulting True-Up Payment shall become due and payable that tax year by the landowner(s) of record of the remaining property, in addition to the regular assessment installment payable with respect to the remaining developable acres.
The District will take all necessary steps to ensure that True-Up Payments are made in a timely fashion to ensure its debt service obligations are met. The District shall record all True-Up Payments in its Improvement Lien Book.
The foregoing is based on the unit numbers and types shown in Exhibit B, on the property subject to the Special Assessments. The Amended 2021 Assessment Report is to provide a formula to ensure that the appropriate ratio of the Special Assessments to developable acres is maintained if less acres are developed. However, no action by the District prohibits or proscribes a maximum amount of development that may occur. In no event shall the District collect Special Assessments pursuant to this Resolution in excess of the total debt service related to the Amended 2021 Project, including all costs of financing and interest. The District recognizes that such things as regulatory requirements and market conditions may affect the timing and scope of the development in the District. If the strict application of the True-Up Methodology to any assessment reallocation pursuant to this paragraph would result in Special Assessments collected in excess of the District's total debt service obligation for the National at Ave Maria Project, the Board shall by resolution take appropriate action to equitably reallocate the Special Assessments. Further, upon the District’s review of the final conveyance for the developable acres, any unallocated Special Assessments shall become due and payable and must be paid prior to the District’s approval of that conveyance.
Based on the final par amount of $11,340,000 in 2021 Bonds, the True-Up calculations will be made in accordance with the process set forth in the Amended 2021 Assessment Report. The District shall apply all True-Up payments related to the 2021 Bonds only to the credit of the 2021 Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the Ninth Supplemental Indenture, dated as of March 1, 2021, governing the 2021 Bonds.

SECTION 10. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this resolution, these amended special assessments as reflected herein and in Exhibit B shall be recorded by the Secretary of the Board of the District in a special book, to be known as the “Improvement Lien Book”. The special assessment or assessments against each respective parcel shown on such final assessment roll and interest, costs and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 11. OTHER PROVISIONS REMAIN IN EFFECT; REPLACEMENT
OF SERIES 2021 ASSESSMENTS. This Resolution is intended to supplement Resolution 2021-04, which remains otherwise in full force and effect. This Resolution and Resolution 2021- 04 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed, except as noted below.

SECTION 12. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record an Omnibus Amendment to Series 2021 Bond and Series 2021 Assessment Documents in the Official Records of Collier County, Florida, in form attached hereto as Exhibit G.

SECTION 13. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 14. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 15. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

APPROVED AND ADOPTED THIS 5TH DAY OF AUGUST, 2025.
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria contained within the Ave Maria Stewardship Community District, dated January 25, 2021 and updated as of April 28, 2025
Exhibit B:	Amended and Restated Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District, dated June 3, 2025
Exhibit C:	Form of Amendment to Facility Maintenance Agreement
Exhibit D:	Maturities and Coupon of Series 2021 Bonds
Exhibit E:	Sources and Uses of Funds for Series 2021 Bonds
Exhibit F:	Annual Debt Service Payment Due on Series 2021 Bonds
Exhibit G:	Form of Omnibus Amendment to Series 2021 Bond and Assessment Documents

Exhibit A Engineer’s Report

Exhibit B

Supplemental Special Assessment Methodology Report

Exhibit C

FIRST AMENDMENT TO AGREEMENT BETWEEN THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
AND THE NATIONAL AT AVE MARIA PROPERTY OWNERS ASSOCIATION, INC.FOR FACILITY MAINTENANCE AND REPAIR SERVICES

This First Amendment (the “Amendment”) is made and entered into this 	 day of
	 2025, by and between:

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT, a local unit of
special purpose government established pursuant to Chapter 2004-461, Laws of Florida, and located in Collier County, Florida, whose address is 2501A Burns Road, Palm Beach Gardens, Florida 33410 (the “District”); and

THE	NATIONAL	AT	AVE	MARIA	PROPERTY	OWNERS
ASSOCIATION, INC., a Florida not for profit corporation, whose address is 10481 Six Mile Cypress Parkway, Fort Myers, Florida 33966 (the “Association,” together with the District, the “Parties”).

RECITALS
Whereas, the Parties previously entered into that certain Agreement between the Ave Maria Stewardship Community district and the National at Ave Maria Property Owners Association, Inc. for Facility Management and Repair Services, dated March 4, 2021 (the “Agreement”); and
Whereas, Section 22 of the Agreement provides that the Parties may amend the Agreement when such amendment is in writing and authorized by both Parties; and

Whereas, the Parties now desire to amend the Agreement as set forth in more detail
below.
Now, therefore, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

Section 1. Incorporation of Recitals. The recitals stated above are true and correct and are incorporated as a material part of this Amendment.

Section 2.	Amendment of Agreement.

Exhibit A shall be replaced with the Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria contained within the Ave Maria Stewardship Community District, dated January 25, 2021 and updated as of April 28, 2025, attached hereto as Replacement Exhibit A.

Sections 3.G and 15.E shall be deleted from the Agreement.

Section 24. of the Agreement is hereby amended and replaced in full as
follows:

SECTION 24. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight Delivery service, to the parties, as follows:

A.	If to the District:	Ave Maria Stewardship Community District
2501A Burns Road
Palm Beach Gardens, Florida 33410 Attn: District Manager

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

If to the Association:	The National at Ave Maria Property Owners Association, Inc.
10481 Six Mile Cypress Parkway Fort Myers, Florida 33966
Attn: Gregory Roughgarden
With a copy to:	Dentons Cohen & Grigsby, P.C. Mercato – Suite 6200
9110 Strada Place
Naples, Florida 34108 Attn: Christopher Davies

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non- business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Association may deliver Notice on behalf of the District and the Association, respectively. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Exhibit B of the Agreement is hereby amended and replaced with the

attached Replacement Exhibit B.

Section 3.  Affirmation of the Agreement. The Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the Parties. Except as described in Section 2 of this Amendment, nothing herein shall modify the rights and obligations of the Parties under the Agreement. All of the remaining provisions, including, but not limited to, the engagement of services, indemnification, and sovereign immunity provisions, remain in full effect and fully enforceable.

Section 4. Authorization. The execution of this Amendment has been duly authorized by the appropriate body or official of the Parties, both Parties have complied with all the requirements of law, and both the Parties have full power and authority to comply with the terms and provisions of this Amendment.

Section 5.  Execution In Counterparts. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument

In Witness Whereof, the parties execute this Amendment the day and year first written above.

Attest:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

THE NATIONAL AT AVE MARIA PROPERTY OWNERS ASSOCIATION, INC.

(Signature of Witness)	By: 		 Title: 	

(Print Name of Witness)

Replacement Exhibit A: Property Description
Replacement Exhibit B:  Services

REPLACEMENT EXHIBIT A
Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria contained within the Ave Maria Stewardship Community District, dated January 25, 2021 and updated as of April 28, 2025

REPLACEMENT EXHIBIT B
Services
Primary irrigation facilities maintenance and repair, including but not limited to, irrigation mains, gate valves, air release valves, services, other appurtenances within platted tracts and common areas. For clarification purpose, this does not include irrigation facilities downstream of the irrigation meters on residential lots.
Primary drainage facilities maintenance and repair, including but not limited to, drainage lines, throat inlets, catch basins, junction boxes, headwalls, endwalls, and control structures within platted drainage easements. For clarification purposes, this does not include any secondary drainage facilities located at the rear of residential lots.
Lake maintenance and repair, including but not limited, aquatic weed control, littoral plantings, rip rap, and lake slopes within platted lake maintenance easements.

Exhibit D

Maturities and Coupon of Series 2021 Bonds

Exhibit E

Sources and Uses of Funds for Series 2021 Bonds

Exhibit F

Annual Debt Service Payment Due on Series 2021 Bonds

AVEMAB.iA STEWARDSHIP (:OMMUNTIY DISTRICT
-Capit,al. Improvement:Reyenue BonJi,'Serie_s 1021.
·-(Il:l.e.N.ati.on,.al .at Ave Mari:a.l
Collier County., Florida
FINP_..NL UMBERS

Period
En<lil:Jg	Princip.ai	Coupon	
Tuterest·	Debt Service	1'Jnri11l Debt Sem.ce·	
lliOl/2045 O'.:i/0112046
11/.0112046 tl'.:i/0112047	
:§10,(l(H)

530,000	
4.(H)(I%

.4.(M){I%	67i9JI0.00
·6;1,-900.00
.g7.oo_oo 57,7iJO.(M)	�7.,9_00.00
Sr?,-900.00 37,7(H)_00
587,700.00	.63:i,"6-00.00
63.5,.600.00	
11/01(294-7
9'.:i/01/2!)48"
1liOl/2048	·5'.:i'.:i",(H){I	
4".000°/?	47,100,�-
47,l(H).00 "36,000.00	4_7:.1_(H)0_.0
®2,l@.00-
36,Q(H).OO	-634,800.00

638,100.00	
O'.:i/011204-9
�1/01(294--9 9'.:il.01/2!)_5{1.
1 liOl/20'.:iO O'.:i{Ol/2051.	'.:i75,000

6(H),(H){I
625-,000	.4.(M){I%

4".000°/?

A_(M){I%	-36,000.M
H,-500,�-
24,�(H).00
12,-500.00
12,.500.(M)	611,000.00
�4;'.:ioo.oo
�24,si}!:1.00_
12,)QO.OO
637',"500.00	-63t,'.:i00.00 637I (l(H).00	
11�1(295�					-637,500.00	
	11,340.000		8,041,87-2.-94	19,-381,8n.,-94	1-9,381-,872.-94	

'	.

'	.

Exhibit G:
Form of Omnibus Amendment to Series 2021 Bond and Assessment Documents

This instrument was prepared by and
upon recording should be returned to:

(This space reserved for Clerk)

Alyssa C. Willson, Esq.
Kutak Rock LLP
107 West College Avenue Tallahassee, Florida 32301

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
OMNIBUS AMENDMENT TO SERIES 2021 BOND & SERIES 2021 ASSESSMENT DOCUMENTS [SERIES 2021 PROJECT]
The Ave Maria Stewardship Community District (“District”), is a local unit of special-purpose government created and existing pursuant to Chapter 2004-3461, Laws of Florida, as amended. On March 4, 2021, the District closed on the sale of its $11,340,000 Capital Improvement Revenue Bonds, Series 2021 (“2021 Bonds”)

This “Omnibus Amendment” is intended to supplement all documents relating to the Series 2021 Assessments (defined herein) securing the Series 2021 Bonds, which include, among others:

Collateral Assignment Agreement recorded at Instrument # 6012860, Book 5902, Pages 3909 et seq. in the Official Records of Collier County, Florida; and
Declaration of Consent recorded at Instrument # 6012859, Book 5902, Pages 3904 et seq. in the Official Records of Collier County, Florida; and
Notice of Special Assessments recorded at Instrument # 6012858, Book 5902, Pages 3899 et seq. in the Official Records of Collier County, Florida; and
Supplemental Disclosure of Public Finance recorded at Instrument # 6064940, Book 5952, Pages 2549 et seq. in the Official Records of Collier County, Florida; and
(Unrecorded) True-Up Agreement dated March 4, 2021; and
(Unrecorded) District Resolutions 2006-05 and 2021-03, relating to the issuance of bonds; and
And all other documents relating in any way to the District’s Series 2021 Assessments.
The 2021 Bonds are intended to finance a portion of the District’s “Series 2021 Project,” and are secured by special assessments (“Series 2021 Assessments”) levied on lands within the National at Ave Maria lands within the District all as described in the Assessment Report.

Subsequent to the issuance of the Series 2021 Bonds, and upon request of Lennar Homes, LLC, the District adopted Resolutions Nos. 2025-16 and 2025-03, 2025-04, and 2025- amending the Scope of the 2021 Project to remove the roadways so such roadways could be owned and maintained privately and, with Bondholder consent, reallocating and the Series 2021 Assessments as outlined in the Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the

National at Ave Maria contained within the Ave Maria Stewardship Community District, dated January 25, 2021 and updated as of April 28, 2025 and the Amended and Restated Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District, dated June 3, 2025. Pursuant to Resolution 2025- , the District’s Board of Supervisors authorized adoption of the amendment, and further authorized this Omnibus Amendment to all of the various documents relating to the Series 2021 Bonds and Series 2021 Assessments.

Accordingly, it is hereby declared and agreed to by all parties that all of the resolutions, reports, certificates, declarations, agreements, notices, disclosures, and documents of any kind relating to the Series 2021 Bonds and Assessments are hereby amended to incorporate the amended reports, the Amended Series 2021 Bonds Supplement to the Sub-Master Supplemental Engineer’s Report for the National at Ave Maria contained within the Ave Maria Stewardship Community District, dated January 25, 2021 and updated as of April 28, 2025 and the Amended and Restated Fifth Sub-Master Supplemental Assessment Methodology Report for the Series 2021 Bonds at the National at Ave Maria within the Ave Maria Stewardship Community District, as well as the Assessment Resolution Nos. 2025- 03, 2025-04, and 2025-, as on file with the District. All documents referenced herein are on file and available for review at the District Manager’s Office, c/o Special District Services, Inc., 2501 Burns Road, Palm Beach Gardens, Florida 33410, (561) 630-4922.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

WHEREFORE, the part(ies) below execute the above Omnibus Amendment.

WITNESS

By: 	 Name: 	 Address:	

AVE MARIA STEWARSHIP COMMUNITY DISTRICT

By: 	 Name: Jay Roth
Title: Chairman

By: 	 Name: 	 Address:	

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization, this     day of 	, 2025, by 	, as 	 of AVE MARIA STEWARDSHIP COMMUNITY DISTRICT, who appeared before me this day in person, and who is either personally known to me, or produced
	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA

(NOTARY SEAL)

Name:	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

[SIGNATURE PAGE FOR OMNIBUS AMENDMENT]

WITNESS

By: 	 Name: 	 Address:	

LENNAR HOMES, L.L.C.

By: 	 Name:
Title:

By: 	 Name: 	 Address:	

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization, this
    day of 	, 2025, by 	, as an authorized representative of LENNAR HOMES, L.L.C., who appeared before me this day in person, and who is either personally known to me, or produced 	 as identification.

NOTARY PUBLIC, STATE OF FLORIDA

(NOTARY SEAL)

Name:	
(Name of Notary Public, Printed, Stamped or Typed as Commissioned)

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	90% Construction	

$10,264,854	

*$13,100,000	

2023 Bonds and
future 2025 Bond Issuance	

Daniel Hartley	

Allyson Holland (District)	
Lumen has completed underground installation. LCEC and Comcast installations are in progress, expected to be complete beginning of August. Landscape installation to commence beginning of August. Final completion of 5A roadway expected by Summer 2025. All permits in place for IPS #4.	

Anthem Parkway Ph 5B (Includes roundabout at PJPII)

6/7/2022	

1st quarter 2025	

1st Quarter 2026	

100% Design	10% Construction	

$8,394,852	

*$7,983,388	
2023 Bonds and
future 2025 Bond Issuance	

Daniel Hartley	
Allyson Holland (District)	
Import of fill material for main roadway project is roughly 60% complete. MOT for roundabout conversion is in place and north roundabout construction has commenced.	

Arthex Commerce Park Phase 2

5/7/2024	

2/1/2024	

7/31/2025	

100% Design	85% 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.	

Athrex Commerce Park Phase 3

12/26/2024	

4/1/2025	

4/1/2026	Mass Grading/Excavation 100% w/ pending
modifications, 5%
Construction	

TBD	
Earthwork/Mass Grading Only -
$2,045,036.80	

2025 Bonds	

David Hurst	
AMD and District	
The first phase of earthwork (i.e. lake excavation and mass grading) began in May. The roadway and utility design is not complete and has not been submitted for permit review yet.	
Town Core Landscape Improvements
12/26/2024	
4/15/2025	
9/1/2025	
100% Construction	
N/A	
$90,468.55	
FY 24/25 O&M
Budget	
Steve Sammons	Allyson Holland (District)	
Landscape improvements complete. Minor punchlist items will be completed by the end of July.	
District Streetlight Analysis 1/23/2025	
1/23/2025	
9/30/2025	
75%	
TBD	
TBD	
FY 24/25 O&M
Budget	
TBD	Allyson Holland (District)	
Bob Lee will replace wire on section of lights on Ave Maria Blvd this summer. Bi-monthly lights out report has proven to be effective.	
Purchasing Policy
1/23/2025	
1/30/2025	
12/30/2025	
10%	
TBD	
TBD	
N/A	
N/A	Allyson
Holland (District)	District manager is working with Legal Counsel to put together a more robust purchasing policy.	
Distrct Website Update
1/23/2025	
1/23/2025	
12/30/2025	
30%	
TBD	
TBD	
N/A	
GSMA	Allyson Holland (District)	Updates to website continue. Map of District included on "Links" page.	

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.	
3/24/25
Comments	Website is up to date. Improvements are being reviewed and underway.	
4/29/25
Comments	Website is up to date and improvements are in progress.	
5/27/25
Comments	Website is up to date and improvements continue.	
7/1/25
Comments	Website is up to date and improvements continue.	
8/1/25
Comments	Website is up to date and improvements continue.	

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.	
3/24/25
Comments	GSMA assisting District as necessary.	
4/29/25
Comments	“Button” added to website for residents to quickly report lights out, irrigation issues or other items to District staff. Numerous emails have been sent to-date. District Manager meets w/ residents, AMU, HOA’s etc. and communication has been greatly improving. District includes pertinent information in Friday Flash email blasts.	
5/27/25
Comments	Plan provide District Overview Power Point Presentation at July meeting.	
7/1/25
Comments	Provide District Overview Power Point Presentation at 7/1 meeting.	
8/1/25
Comments	District Overview Power Point presented at 7/1 meeting. Manager working with HOAs to improve communication.	

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.	
3/24/25
Comments	OWR lights added to insurance policy. Striping complete and tree trimming ongoing. Landscaping enhancements presented April 1, 2025.	
4/29/25
Comments	Tree trimming complete. District staff conducting District-wide sidewalk inspection. Landscaping enhancements delayed due to drought (water restrictions). Davey Tree service is continuing to improve despite the drought conditions.	
5/27/25
Comments	Sidewalk inspection is complete. Landscaping enhancements have commenced. First month of street sweeping complete.	
7/1/25
Comments	Operations and maintenance of District continues.	
8/1/25
Comments	Operations and maintenance of District continues.	

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.	
3/24/25
Comments	ETM assisting with numbering lightpoles. Continuing to work with Bob Lee Electric to document lightpole issues. Staff added bubble up structures to Cartegraph for monthly inspection. Cleaning up District drainage infrastructure.	

4/29/25
Comments	Numbers have been assigned to lightpoles. District staff continues to add assets to Cartegraph. Sidewalk inspection documented in Cartegraph.	
5/27/25
Comments	Staff continues to use Cartegraph daily.	
7/1/25
Comments	Objective achieved.	
8/1/25
Comments	Objective achieved.	

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.	
3/24/25
Comments	Budget and CIP planning ongoing.	
4/29/25
Comments	Budget and CIP planning on going.	
5/27/25
Comments	FY 25/26 Proposed Budget presented in detail at Budget Workshop. CIP planning ongoing. Proposed budget presented for approval on 6/3.	
7/1/25
Comments	Final budget hearing scheduled for 8/5/25.	
8/1/25
Comments	Final budget hearing 8/5/25. CIP 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.	
3/24/25
Comments	Reserve funding, including buildout infrastructure, will be discussed with Board on 4/1/25.	
4/29/25
Comments	Reserve funding presented to Board on 4/1/25. Reserve funding will be incorporated into FY 25/26 Budget.	
5/27/25
Comments	Reserve funding incorporated into FY 25/26 Proposed Budget.	
7/1/25
Comments	Reserve funding approved with proposed FY 25/26 budget.	
8/1/25
Comments	Reserve funding included in final budget hearing on 8/5/25.	

RESOLUTION 2025-18

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE SALE OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025; RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025; DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the District previously adopted resolutions authorizing the issuance and the negotiated sale of bonds within the scope of Chapter 2004-461, Laws of Florida, including its
$2,245,000 Ave Maria Stewardship Community District Capital Improvement Revenue Bonds, Series 2025 (Maple Ridge Phase 6 Project) (the “Series 2025 Bonds”); and
WHEREAS, the District closed on the sale of the Series 2025 Bonds on July 3, 2025;
and

WHEREAS, as prerequisites to the issuance of the Series 2025 Bonds, the Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff including the Districtf Manager, District Methodology Consultant, and District Counsel were required to execute and deliver various documents (the “Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of the District Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff in closing the sale of the Series 2025 Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT:

SECTION 1. The sale, issuance, and closing of the Series 2025 Bonds is in the best interests of the District.

Page 1 of 2

SECTION 2. The issuance and sale of the Series 2025 Bonds, the adoption of resolutions relating to such bonds, and all actions taken in the furtherance of the closing on such bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 3. The actions of the Chairman, Vice Chairman, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2025 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Series 2025 Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 5th day of August, 2025.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Page 2 of 2

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 23, 2025

Board Meeting Date:	August 5, 2025

SUBJECT
Consideration and approval of Fiscal Year 2025/2026 meeting schedule for the Ave Maria Stewardship Community District Board of Supervisors.
STAFF RECOMMENDATION
Staff recommends the Board of Supervisors discuss the proposed schedule of the Fiscal Year 2025/2026 Board meetings and approve a schedule in compliance with the requirements of Section 189.015, Florida Statutes and Rule 1.1 (5) of the District’s Rules of Procedure.

GENERAL INFORMATION
Annually, the Board of Supervisors considers and approves a meeting schedule for the upcoming fiscal year. Staff has prepared the Board’s schedule of meetings to be held generally on the first Tuesday of each month in the Ave Maria Master Association Building. In the past, meetings were typically held at 9:00 a.m., and one meeting per quarter was held at 6:00 p.m. Last year, we adjusted the meeting time to 4:00 p.m. to accommodate current Supervisors’ schedules, and we kept the 6:00 p.m. meetings quarterly. Although the intention of the 6:00
p.m. meetings is to maximize public accessibility and accommodate for the public who work during typical business hours (9 a.m. to 5 p.m.), the meetings held at 4:00 p.m. generally drew a bigger crowd. Staff recommends all meetings be held at 4:00 p.m. for FY 2025/2026, with the exception of the final budget hearing, which staff recommends to remain at 6:00 p.m. Please note that staff may schedule additional workshops (e.g. budget workshop) which will be noticed in accordance with statutory requirements. Provided below is the proposed twelve-month schedule of meeting dates for Fiscal Year 2025/2026.
Tuesday, October 14, 2025 at 4:00 p.m. (pushed one week to accommodate for public hearing requirements associated with anticipated 2025 Master Bond schedule)
Wednesday, November 5, 2025 at 9:00 a.m. (pushed one day to avoid Election Day on 11/4 Veteran’s Day on 11/11)
Tuesday, December 2, 2025 at 4:00 p.m.
Tuesday, January 6, 2026, at 4:00 p.m.
Tuesday, February 3, 2026 at 4:00 p.m.
Tuesday, March 3, 2026 at 4:00 p.m.
Tuesday, April 7, 2026 at 4:00 p.m.
1

Stewardship Community District

MEMORANDUM

Tuesday, May 5, 2026 at 4:00 p.m.
Tuesday, June 2, 2026 at 4:00 p.m. (Proposed Budget Meeting)
Tuesday, July 7, 2026 at 4:00 p.m.
Tuesday, August 4, 2026 at 6:00 p.m. (Final Budget Hearing)
Tuesday, September 1, 2026 at 4:00 p.m.

DISTRIC LEGAL COUNSEL REVIEW
Not applicable.
FUNDING REVIEW
Not applicable.

Attachment

2

RESOLUTION NO. 2025-19

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Ave Maria Stewardship Community District ("District") to establish a regular meeting schedule for fiscal year 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AVE MARIA STEWARDSHIP COMMUNITY DISTRICT, COLLIER COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED AND ADOPTED this 5th day of August, 2025.

ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

ASSISTANT SECRETARY	CHAIRMAN

Exhibit A

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Ave Maria Stewardship Community District (the “District”) will hold Regular Meetings in the Ave Maria Master Association located at 5080 Annunciation Circle, Suite 101, Ave Maria, Florida 34142, at 4:00
p.m. (**unless otherwise noted**) on the following dates:

October 14, 2025
**November 5, 2025 at 9:00 a.m.**
December 2, 2025
January 6, 2026
February 3, 2026
March 3, 2026
April 7, 2026
May 5, 2026
June 2, 2026
July 7, 2026
**August 4, 2026 at 6:00 p.m**
September 1, 2026

The District will also hold meetings utilizing communications media technology through the following login information:

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 meetings is to conduct any and all business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737- 4922 prior to the date of the particular meeting.

From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 28, 2025

Board Meeting Date:	August 5, 2025

SUBJECT

Resolution No 2025-20 – Redesignating Certain Officers of the District.

STAFF RECOMMENDATION

Staff recommends approval of Resolution No. 2025-20 – Redesignating Certain Officers of the District.

GENERAL INFORMATION
Generally, at the first Board meeting held after each election where the newly elected members take office, the Board selects officers (Chair, Vice Chair, Secretary, Assistant Secretary, and Treasurer). In recent years, only officer positions filled by Board members (Chair, Vice Chair, and Assistant Secretary) were selected and other officers remained as previously appointed. The current Treasurers of the Ave Maria Stewardship Community District are Mr. Pete Pimentel and Mr. Todd Wodraska. Mr. Pimentel, original District Manager of the Ave Maria Stewardship Community District, is now retired. District staff recommends updating the Treasurer and Assistant Treasurer’s appointments on record. Staff recommends appointing Ms. Allyson Holland as Treasurer and Mr. Andrew Karmeris as Assistant Treasurer. It should be noted that the Treasurer is typically an employee of Special District Services, Inc. (SDS), not a Board member, because SDS handles the day-to-day financial tasks for the District. Note also that this is in compliance with the Amended and Restated Rules of Procedure of the Ave Maria Stewardship Community District, Rule 1.1 (2) (d).

PROCUREMENT REVIEW

Not applicable.

DISTRICT ENGINEER REVIEW
Not applicable.

Stewardship Community District

MEMORANDUM

DISTRICT LEGAL COUNSEL REVIEW

The District Legal Counsel has reviewed and approved the Resolution redesignating certain officers of the District.

FUNDING REVIEW
Not applicable Attachment

RESOLUTION 2025-20

A RESOLUTION OF THE BOARD OF SUPERVISORS OF AVE MARIA STEWARDSHIP COMMUNITY DISTRICT REDESIGNATING CERTAIN OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Ave Maria Stewardship Community District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 2004-461, Laws of Florida, being situated entirely within Collier County, Florida; and
WHEREAS, the Board of Supervisors of the District desires to re-designate certain Officers of the District.

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

Section 1. 	 is appointed Treasurer.

Section 2. 	 is appointed Assistant Treasurer.
Section 3. This Resolution supersedes any prior appointments made by the Board for Treasurer and Assistant Treasurer(s); however, prior appointments by the Board for Chairman, Vice-Chairman, Secretary, and Assistant Secretaries remain unaffected by this Resolution.
Section 4. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 5th day of August, 2025.
ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 28, 2025

Board Meeting Date:	August 5, 2025

SUBJECT

Consider Approval of Amending and Extending the Agreement with Davey Tree Expert Company for Landscape and Irrigation Maintenance Services

STAFF RECOMMENDATION

Staff recommends Approval of Extending the Agreement with Davey Tree Expert Company for Landscape and Irrigation Maintenance Services in Accordance with Contract Terms and Conditions, Subject to an Amendment for Maintenance of Additional District Property.

GENERAL INFORMATION
At the September 12, 2023 Regular Board Meeting, the Board of Supervisors adopted Resolution No. 2023-19, Awarding Landscape and Maintenance Services Contract to Davey Tree Expert Company (Davey Tree). Section 5 of the executed contract/agreement states: “Work shall commence on October 1, 2023, and end September 30, 2024, unless terminated earlier in accordance with Section 13 (Termination) below. At the end of the term set forth above, the District shall have the option, in its sole and absolute discretion, of extending the agreement for up to four additional one year (12 month) periods.”

At the September 6, 2024 Regular Board Meeting, the Board unanimously approved the first extension to the agreement which also included an amendment for maintenance on Peek Way as that roadway was turned over to the District (First Amendment). At the November 12, 2024 Regular Board Meeting, the Board unanimously approved a Second Amendment to the agreement to add the Ave Maria Boulevard extension (Anthem Parkway Phase 5A1). At the July 1, 2025 Regular Board Meeting, the Board unanimously approved a Third Amendment to the agreement to add Anthem Parkway Phase 5A2.
Staff has been very pleased with Davey’s work over the past year, despite a rough start which was addressed immediately. Staff recommends extending the agreement with Davey Tree for another year commencing October 1, 2025, and ending September 30, 2026. Staff believes Davey Tree will continue to provide continuity of service in all facets of landscape and irrigation maintenance to ensure the community’s expectations to service levels are maintained.

1

Stewardship Community District

MEMORANDUM

In addition to extending the agreement a second year, including the second and third amendments, including a 3.0% consumer price index (CPI) increase (as included in the original proposal and incorporated into the additional scopes added by amendment), staff recommends amending the agreement to include landscape and irrigation maintenance on the additional enhancements that were completed earlier this year on the Oil Well Road Berm, and on the Arthrex Commerce Park Berm, which should be ready for maintenance in October or November 2025. Davey Tree provided annual costs to provide service to these areas earlier this year. These costs are consistent with the existing agreement for the required services.
It should be noted that the proposed FY 2025/2026 budget includes the additional landscape and irrigation costs associated with these areas, plus the cost anticipated for the Anthem Parkway Phase 5B project once completed. An amendment for the Anthem Parkway Phase 5B landscape and irrigation maintenance will be brought before the Board later next calendar year. The costs associated with all landscape and irrigation maintenance is summarized below:

Second annual renewal = $752,364.00 (contractual cost) Peek Way = $32,783.87*
Anthem Parkway Phase 5A1 = $33,661.43* Anthem Parkway Phase 5A2 = $40,547.44* Arthrex Commerce Park Berm = $32,556.22*
Oil Well Road Berm Enhancements = $47,873.86*
Total Amended Cost = $939,786.82
*Price shown includes 3.0% CPI increase as included and extrapolated from original proposal

PROCUREMENT REVIEW
In accordance with Florida law and District Rules of Procedure.
DISTRICT ENGINEER REVIEW
Not applicable
DISTRICT LEGAL COUNSEL REVIEW

The District Legal Counsel has reviewed and approved the attached Amendment for legal form and sufficiency.
FUNDING REVIEW
Funding is sufficiently included in the proposed FY 2025-2026 Operations & Maintenance Budget.

Attachments

2

FOURTH AMENDMENT TO LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES AGREEMENT BY AND BETWEEN AVE MARIA STEWARDSHIP COMMUNITY DISTRICT AND THE DAVEY TREE EXPERT COMPANY

This Fourth Amendment (the “Fourth Amendment”) is made and entered into as of this 1st day of October, 2025, by and between:

Ave Maria Stewardship Community District, a local unit of special-purpose government established pursuant to Chapter 2004-461, Laws of Florida, as amended, being situated in Collier County, Florida, and having offices at 2501A Burns Road, Palm Beach Gardens, Florida 33410 (the “District”); and
The Davey Tree Expert Company, an Ohio corporation, whose address is 1500 North Mantua Street, Kent, Ohio 44240 (the “Contractor” and, together with the District, the “Parties”).

RECITALS

Whereas, the District and the Contractor entered into that Landscape and Irrigation Maintenance Services Agreement (the “Agreement”), dated October 1, 2023, as amended from time to time; and

Whereas, pursuant to Section 20 of the Agreement, the Parties desire to amend the Agreement as set forth in more detail in Section 2 below and

Whereas, any terms not otherwise defined herein shall have the meaning set forth in the Agreement.

Whereas, the Parties each represent that it has the authority to execute this Fourth Amendment and to perform its obligations and duties hereunder, and each has satisfied all conditions precedent to the execution of this Fourth Amendment so that this Fourth Amendment constitutes a legal and binding obligation of each party hereto.
Now, Therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the Parties agree as follows:

SECTION 1.  The Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the Parties. Except as described in Section 2 of this Fourth Amendment, nothing herein shall modify the rights and obligations of the Parties under the Agreement. All of the remaining provisions, including, but not limited to, the engagement of services, indemnification and sovereign immunity provisions, remain in full effect and fully enforceable.

SECTION 2.  Pursuant to Section 20 of the Agreement, the Agreement is hereby amended as follows:
The term of the Agreement is hereby renewed in accordance with Contractor’s proposal attached to the Agreement as Exhibit B, with a term from October 1, 2025 through September 30, 2026, (the “Second Annual Renewal”) unless terminated earlier in accordance with the provisions of the Agreement.

As compensation for services described in this Fourth Amendment, the District agrees to pay the Contractor twelve (12) monthly payments of Seventy-Eight Thousand Three Hundred Fifteen Dollars and Fifty-Seven Cents ($78,315.57) for an annual total of Nine Hundred Thirty-Nine Thousand Seven Hundred Eighty-Six Dollars and Eighty-Two Cents ($939,786.82) as further described in Composite Exhibit A.

Breakdown of Compensation:

Second Renewal pricing per original agreement:	$752,364.00
The following are added including a 3% CPI increase:
o	Peek Way:	$32,783.87
Anthem Parkway Ph 5A1:	$33,661.43
Anthem Parkway Ph 5A2:	$40,547.44
Arthrex Commerce Park Berm:	$32,556.22
Oil Well Road Berm Enhancements:	$47,873.86
Annual Total:	$939,786.82
SECTION 3.  To the extent that the terms of the Agreement or the Proposals conflict with the terms set forth in Section 2 above, the terms of the Agreement and Fourth Amendment shall control.

SECTION 4.  All remaining terms and conditions of the Agreement, without limitation, are hereby adopted, reaffirmed and incorporated as if restated herein.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

In Witness Whereof, the Parties execute this Fourth Amendment the day and year first written above.
ATTEST:	AVE MARIA STEWARDSHIP COMMUNITY DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

THE DAVEY TREE EXPERT COMPANY

By:	

By:		Its:	

Composite Exhibit A: Proposal

Composite Exhibit A
Proposal

Second Renewal: $752,364 (per original agreement) Plus Peek Way: $32,783.87 (includes 3% CPI increase)
Plus Anthem Parkway Ph 5A1: $33,661.43 (includes 3% CPI increase) Plus Anthem Parkway Ph 5A2: $40,547.44 (includes 3% CPI increase)
Plus Arthrex Commerce Park Berm: $32,556.22 (includes 3% CPI increase)
Plus Oil Well Road Berm Enhancements: $47,873.86 (includes 3% CPI increase) Total: $939,786.82

Anthem Pkwy Phase 5A Ave Maria Blvd

Having carefully examined the specifications, and agreement for services and having thoroughly inspected said property, the undersigned proposes to furnish all labor, materials, and proper equipment For the entire scope of work, in accordance with stated specifications, for the sum of:

Total General Weekly services (mowing, edging & trimming, pruning, weed control, guying, soil
testing)
$ 28,937.00 Yr. Includes:

$28,937.00	Ave Maria Blvd

Fertilization (All labor and materials)	$2,516 Yr.
Month of Fertilization:
January March May July
September November

Irrigation	$1228 Yr.
Inspections will be done monthly

The total price of service for Ave Maria Blvd
$32,681 Yr.

Stewardship Community District

MEMORANDUM

To:	Board of Supervisors
From: Allyson Holland, P.E., District Manager
Date: July 28, 2025
Board Meeting Date:	August 5, 2025

SUBJECT

Discuss Upcoming Bond Funding Priorities.

STAFF RECOMMENDATION

Staff recommends the Board of Supervisors discuss upcoming bond funding priorities.

GENERAL INFORMATION
On July 16, 2025, Supervisor Klucik requested a discussion regarding upcoming bond funding priorities for the August 5, 2025 regular board meeting. Specifically, Supervisor Klucik would like to discuss timing of the conversion of the current 4-way stop intersection at Ave Maria Boulevard and Anthem Parkway (Maple Ridge/Del Webb) to a roundabout and a government building for the District.

PROCUREMENT REVIEW
Not applicable.
DISTRICT ENGINEER REVIEW

Not applicable.

DISTRICT LEGAL COUNSEL REVIEW

Not applicable.

FUNDING REVIEW
Not applicable.

1

Ave Maria Stewardship Community District
Budget vs. Actual
October 2024 through June 2025

	Oct 24 - June 25		24/25 Budget		$ Over Budget		% of Budget	
Expenditures								
01-1130	Payroll Tax Expense	367.20		73.4.00		-366.80		50.03%	
01-1131	Supervisor )ees	.4,800.00		9,600.00		-.4,800.00		50.0%	
01-1310	Engineering	56,659.35		90,000.00		-33,3.40.65		62.96%	
01-1311	Management )ees	52,.499.97		70,000.00		-17,500.03		75.0%	
01-1313	:ebsite Management	1,87.4.97		2,500.00		-625.03		75.0%	
01-1314	District Manager - on site	209,999.97		280,000.00		-70,000.03		75.0%	
01-1315	Legal )ees	62,819.85		100,000.00		-37,180.15		62.82%	
01-1320	Audit )ees	5,000.00		18,300.00		-13,300.00		27.32%	
01-1330	Arbitrage Rebate )ee	2,600.00		3,900.00		-1,300.00		66.67%	
01-1440	Rents  Leases	0.00		1,000.00		-1,000.00		0.0%	
01-1441	Travel  Lodging	6,219.66		10,000.00		-3,780.3.4		62.2%	
01-1450	,nsurance	105,369.20		120,000.00		-1.4,630.80		87.81%	
01-1480	Legal Advertisements	.4,967.20		8,000.00		-3,032.80		62.09%	
01-1512	Miscellaneous	10,81.4.77		10,000.00		81.4.77		108.15%	
01-1513	Postage and Delivery	1,992.11		3,000.00		-1,007.89		66..4%	
01-1514	Office Supplies	3,.418.30		3,500.00		-81.70		97.67%	
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%	
01-1733	Trustee )ees	28,1.47.38		.40,000.00		-11,852.62		70.37%	
01-1734	Continuing Disclosure )ee	10,000.00		12,000.00		-2,000.00		83.33%	
01-1735	Assessment Roll	0.00		25,000.00		-25,000.00		0.0%	
01-1801	Landscaping - Miscellaneous	.4,185.00		0.00		.4,185.00		100.0%	
01-1808	,rrigation Repair	192,58.4.58		205,000.00		-12,.415..42		93.9.4%	
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	76,720..40		75,000.00		1,720..40		102.29%	
01-1816	Electric-Streetlights Landscape	100,1.47.18		150,000.00		-.49,852.82		66.77%	
01-1817	Maintenance Street Sweeping	5,800.00		30,000.00		-2.4,200.00		19.33%	
01-1818	Striping  Traffic Markings	223,307.00		250,000.00		-26,693.00		89.32%	
01-1819	Street Light Maintenance	68,.43.4.78		1.40,000.00		-71,565.22		.48.88%	

Ave Maria Stewardship Community District
Budget vs. Actual
October 2024 through June 2025

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

01-1820 • Maint Sidewalk/Curb Repairs	
.45,038.50		
200,000.00		
-15.4,961.50		
22.52%	
01-1830 • Maintenance Contracts	593,003.86		729,793.00		-136,789.1.4		81.26%	
01-1831 • Tree Trimming	115,911.58		160,000.00		-.4.4,088..42		72..45%	
01-1832 • Storm Cleanup - Landscaping	15,212.50		26,250.00		-11,037.50		57.95%	
01-1833 • Plant Replacement	115,952.58		200,000.00		-8.4,0.47..42		57.98%	
01-1834 • Mulch	106,1.48.00		150,000.00		-.43,852.00		70.77%	
01-1839 • Entry )eature/1ear :ell :ater	6,998.26		5,500.00		1,.498.26		127.2.4%	
01-1841 • Maintenance ,rrigation :ater	79,622.79		93,713.00		-1.4,090.21		8.4.97%	
01-1842 • Maint )ountain/Repair	23,36.4.29		50,000.00		-26,635.71		.46.73%	
01-1843 • Maintenance Rodent Control	16,075.00		25,000.00		-8,925.00		6.4.3%	
01-1844 • Maint Equipment Repair	122.85		8,.400.00		-8,277.15		1..46%	
01-1845 • Maint Signage Repair	2.4,372.00		20,000.00		.4,372.00		121.86%	
01-1846 • Maint Storm Drain Cleaning	26,038.21		52,500.00		-26,.461.79		.49.6%	
01-1847 • Mnt Drainage/Lke Mnt/Littorals	77,.418.93		81,113.00		-3,69.4.07		95..45%	
01-1848 • Maintenance Aerators	0.00		2,100.00		-2,100.00		0.0%	
01-1850 • Maint-Preserve Maintenance	71,267.00		6.4,890.00		6,377.00		109.83%	
01-1853 • Maintenance Small Tools	1,983..43		7,500.00		-5,516.57		26..45%	
01-1854 • Maint Miscellaneous Repairs	.4,3.43.35		30,000.00		-25,656.65		1.4..48%	
01-1855 • Maint 9ehicle Lease/)uel/Repair	3,362..46		35,000.00		-31,637.5.4		9.61%	
01-1859 • Maint-Administrative Supplies	2,100.00		0.00		2,100.00		100.0%	
01-1863 • Maint Base Management )ee	17,280.00		23,000.00		-5,720.00		75.13%	
01-1867 • Asset Management  Software	167,688.99		139,000.00		28,688.99		120.6.4%	
01-1869 • Operations Team Salaries	330,000.03		.462,000.00		-131,999.97		71..43%	
01-1871 • 9eri]on - ,nternet	1,578.2.4		0.00		1,578.2.4		100.0%	
01-1872 • Pressure :ashing	65,.4.42.00		60,000.00		5,.4.42.00		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 • Public Safety ProMects	78,152.56		250,000.00		-171,8.47..4.4		31.26%	
01-1893 • Capital Asset Purchase	0.00		110,000.00		-110,000.00		0.0%	

Total Expenditures	
3 239 131.28		
.4,773,0.43.00		
-1,533,911.72		
67.86%