WEST VILLAGES IMPROVEMENT DISTRICT

CITY OF NORTH PORT SARASOTA COUNTY CONTINUED NOVEMBER 24, 2025 SPECIAL BOARD MEETING DECEMBER 3, 2025
1:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.westvillagesid.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
WEST VILLAGES IMPROVEMENT DISTRICT
12260 Everglow Drive, Suite C-4 Venice, Florida 34293
CONTINUED NOVEMBER 24, 2025 SPECIAL BOARD MEETING
December 3, 2025
1:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Discussion Regarding Public Decorum at Board Meetings…	Page 2
Comments from the Public on All Agenda Items
General District Matters
Consider Resolution 2025-36 – Adopting a Fiscal Year 2024/2025 Amended Budget…	Page 3
Unit of Development No. 1
Consider Resolution 2025-43 – Adopting Dog Park and Playground Policies…	Page 35
Unit of Development No. 3
Discussion Regarding GPPOA Settlement Matters
Unit of Development No. 13
Consider Approval of Matters Related to Series 2025 Bonds
Consider Approval of Final Supplemental Assessment Methodology Report…	Page 39
Consider Resolution 2025-44 – Supplemental Assessment Resolution…	Page 55
Attorney-Client Session Relative to Litigation	Page 82
Administrative Matters
District Engineer
District Attorney
District Operations Manager
District Manager
Board Member Comments
Adjourn

Publication Date 2025-11-17

Subcategory Miscellaneous Notices

NOTICE OF THE WEST VILLAGES IMPROVEMENT DISTRICT ATTORNEY-CLIENT SESSION
NOTICE IS HEREBY GIVEN that the West Villages Improvement District (the District) will hold an attorney-client session of its Board of Supervisors (the Board) at the Board meeting on November 24, 2025, at 1:00 P.M. at the North Port Public Safety Building located at 19555 Preto Boulevard, Venice, Florida 34293. The attorney-client session may be continued to a date, time and place approved by the Board on the record without additional publication of notice.
The attorney-client session, which is closed to the public, will be held to discuss settlement negotiations or strategy sessions related to litigation expenditures. This meeting is being held pursuant to Section 286.011(8), Florida Statutes. The following persons are anticipated to be in attendance at the attorney-client session: each of the Districts Board Supervisors who are not otherwise conflicted from such attendance, District Manager William Crosley, District Counsel Lindsay Whelan and Joseph Brown, and a court reporter. The attorney-client session is expected to begin after the commencement of the regularly scheduled Board meeting and to last approximately thirty (30) minutes. During the attorney-client session the individuals identified above will meet in private. Upon conclusion of the attorney-client session, the public will be invited into the Board meeting, and the Board meeting will continue to consider any business of the District.
District Manager
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org

Page 1

Remarks by WVID Chairman John Luczynski Public Decorum at WVID Board of Supervisors Meetings
Draft: February 19, 2025

I’d like to take a few moments today to review the West Villages Improvement District public comment policy, specifically as it relates to public decorum during meetings and workshops.

The WVID policy includes guidelines governing decorum at public meetings and workshops, particularly when addressing the Board of Supervisors. However, outbursts during meetings made it clear it was not only necessary for the Board to review the policy but also take steps to ensure it is being properly enforced.

The policy, which was approved in 2016, definitively states:

Community members wishing to speak must direct their comments to the Board as a whole, not a specific member of the Board or any staff member.

No person, other than a Board member or staff member, can enter into a discussion with a public speaker while they are speaking, without the permission of the chairman or presiding officer.

Speakers and attendees must refrain from disruptive behavior, making vulgar or threatening remarks, or launching personal attacks against the Board, staff or community members.

The WVID policy gives the chairman or presiding officer the discretion to remove attendees who disregard the rules from the meetings. In this scenario, the presiding office may declare a recess and contact local law enforcement. If a person does not immediately leave the premise, the presiding office may request that the person be placed under arrest.

The prevalence of disruptive behavior by some attendees has proven there is a need to strictly enforce the WVID public comment and public decorum policy. This includes adding a law enforcement presence, who will have the authority to remove attendees who have been deemed unruly and out of order.

The WVID Board of Supervisors encourages citizen participation and appreciates civil feedback from attendees.

RESOLUTION NO. 2025-36

A RESOLUTION OF THE WEST VILLAGES IMPROVEMENT DISTRICT ADOPTING AN AMENDED FISCAL YEAR 2024/2025 BUDGET.

WHEREAS, the Board of Supervisors of the West Villages Improvement District Community (hereinafter called District) is empowered to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared an amended fiscal year 2024/2025 budget.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT THAT:

Section 1.	The Amended Budget for Fiscal Year 2024/2025 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 24th day of November, 2025.

ATTEST:	WEST VILLAGES
IMPROVEMENT DISTRICT

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

West Villages Improvement District

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

WEST VILLAGES IMPROVEMT DISTRICT
FY 2024/2025 AMENDED FINAL BUDGET

TABLE OF CONTENTS

Budget Summary
All Units Comparison	1
Amended Final Operating Fund Budget - District Proper	2
Amended Final Operating Fund Budget - Unit 1	3
Amended Final Operating Fund Budget - Unit 2	4
Amended Final Operating Fund Budget - Unit 3	5
Amended Final Operating Fund Budget - Unit 4	6
Amended Final Operating Fund Budget - Unit 5	7
Amended Final Operating Fund Budget - Unit 7	8
Amended Final Operating Fund Budget - Unit 8	9
Amended Final Operating Fund Budget - Unit 9	10
Amended Final Operating Fund Budget - Unit 10	11
Amended Final Operating Fund Budget - Unit 11	12
Amended Final Operating Fund Budget - Unit 12	13
Amended Final Operating Fund Budget - Unit 13	14
Debt Service
Amended Final Debt Service Fund Budget - Unit 1	15
Amended Final Debt Service Fund Budget - Unit 2	16
Amended Final Debt Service Fund Budget - Unit 3	17
Amended Final Debt Service Fund Budget - Unit 4	18
Amended Final Debt Service Fund Budget - Baseball Stadium	19
Amended Final Debt Service Fund Budget - Unit 7 (Series 2019 Master & Village B)	20
Amended Final Debt Service Fund Budget - Unit 7 (Series 2021, 2023, 2025)	21
Amended Final Debt Service Fund Budget - Unit 8 (Master & Neighborhood)	22
Amended Final Debt Service Fund Budget - Unit 9 (Series 2023)	23
Amended Final Debt Service Fund Budget - Unit 10 (Series 2024)	24
Amended Final Debt Service Fund Budget - Unit 11 (2025)	25
Amended Final Debt Service Fund Budget - Unit 12 (Series 2025)	26
Amended Final Debt Service Fund Budget - Unit 13 (Series 2025)	27

AMENDED FINAL BUDGET COMPARISON - ALL UNITS
WEST VILLAGES IMPROVEMENT DISTRICT

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025		2024/2025		2024/2025	
	ANNUAL BUDGET		AMENDED FINAL BUDGET		ACTUAL	
	10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		5,316,455		8,750,102		8,750,102	
O & M ASSESSMENTS - DIRECT BILL		672,035		593,785		593,785	
DEBT ASSESSMENTS		11,386,446		10,104,275		10,104,275	
DEBT DIRECT BILL		7,166,311		5,548,380		5,548,380	
INTEREST INCOME / OTHER REVENUE		36,000		1,015,985		1,015,985	
DEVELOPER CONTRIBUTION		56,672		233,496		233,496	
OTHER REVENUES - IMPACT / EQUIP / CAPITAL		0		4,514,696		4,514,696	
BOND PREPAYMENTS		0		243,133		243,133	
BOND PREPAYMENTS TO TRUSTEE		0		(243,133)		(243,133)	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	24,633,918		$	30,760,719		$	30,760,719	

EXPENDITURES							
BASEBALL FACILITY EXPENSES		0		0		0	
INFRASTRUCTURE MAINTENANCE		4,399,739		4,945,000		4,547,908	
IMPACT FEE POJECTS		0		7,200,000		6,828,043	
ROAD RESURFACE		0		500,000		0	
ROAD WIDENING		0		1,500,000		785,123	
GIS PROJECT		20,000		25,000		22,346	
ENGINEERING		167,000		540,500		462,282	
MANAGEMENT		194,535		206,410		203,878	
OPERATIONS ADMINISTRATION		187,000		202,750		199,083	
LEGAL		223,000		447,000		360,701	
ASSESSMENT ROLL		22,000		22,000		22,000	
AUDIT FEES		33,500		28,500		27,405	
ARBITRAGE REBATE FEE		11,000		11,500		7,150	
RENTS & LEASES		15,000		35,000		28,293	
INSURANCE		125,000		185,000		181,871	
LEGAL ADVERTISING		5,000		20,000		16,872	
MISCELLANEOUS		66,800		110,500		95,477	
POSTAGE		3,000		9,500		7,157	
OFFICE SUPPLIES		15,000		111,000		105,816	
TRUSTEE FEES		60,100		69,250		60,613	
WEBSITE		6,000		6,500		6,500	
CONTINUING DISCLOSURE FEE		8,500		9,000		8,000	
COMMONA AREA IRRIGATION WATER		175,000		120,000		97,204	
CONTINGENCY / CAPITAL OUTLAY / EQIPMENT		25,000		600,000		588,682	
Total Expenditures		$	5,762,174	$	16,904,410	$	14,662,403	

EXCESS OR (SHORTFALL)		$	18,871,744		$	13,856,309		$	16,098,316	

DEBT PAYMENT TO TRUSTEE (ALL UNITS)		
(17,869,570)		
(15,161,217)		
(15,161,217)	
BALANCE		$	1,002,175		$	(1,304,909)		$	937,098	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(334,060)		
(273,114)		
(273,114)	
DISCOUNTS FOR EARLY PAYMENTS		(668,115)		(525,004)		(525,004)	
NET EXCESS/SHORTFALL		$	-		$	(2,103,026)		$	138,981	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT DISTRICT PROPER
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2024/2025	2024/2025		2024/2025	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/24 - 9/30/25	10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS			426,777	502,439		502,439	
O & M DIRECT BILL			24,330	4,459		4,459	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
INTEREST INCOME			1,000	303,751		303,751	
DEVELOPER CONTRIBUTION			0	0		0	
OTHER REVENUES			0	34,474		34,474	
OTHER REVENUES - TRANSPORT IMPACT			0	0		0	
OTHER REVENUES - EQUIPMENT PURCHASE			0	0		0	
CARRY OVER FUNDS / FUND BALANCE			0	0		0	
Total Revenues		$	452,107	$	845,123	$	845,123	

EXPENDITURES							
GIS PROJECT			20,000	25,000		22,346	
ENGINEERING			25,000	55,000		46,796	
MANAGEMENT			76,000	76,000		73,465	
OPERATIONS ADMINISTRATION			40,000	40,000		36,333	
LEGAL			60,000	325,000		298,948	
ASSESSMENT ROLL			10,000	10,000		10,000	
ANNUAL AUDIT			6,500	6,000		5,320	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			15,000	35,000		28,293	
INSURANCE			125,000	185,000		181,871	
LEGAL ADVERTISING			5,000	20,000		16,872	
MISCELLANEOUS			5,000	50,000		44,143	
POSTAGE			3,000	8,000		5,988	
OFFICE SUPPLIES/ MARKETING			5,000	110,000		105,816	
TRUSTEE FEES			0	0		0	
WEBSITE			6,000	6,500		6,500	
CONTINUING DISCLOSURE FEE			0	0		0	
CAPITAL OUTLAY			25,000	0		0	
Total Expenditures		$	426,500	$	951,500	$	882,691	
							
EXCESS OR (SHORTFALL)		$	25,607	$	(106,377)	$	(37,567)	

PAYMENT TO TRUSTEE			
-	
-		
-	
BALANCE		$	25,607	$	(106,377)	$	(37,567)	

COUNTY APPRAISER & TAX COLLECTOR FEE			(8,536)	(7,297)		(7,297)	
DISCOUNTS FOR EARLY PAYMENTS			(17,071)	(14,498)		(14,498)	
NET EXCESS/SHORTFALL		$	-	$	(128,172)	$	(59,362)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT ONE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025		2024/2025		2024/2025	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		3,891,034		4,510,498		4,510,498	
O & M DIRECT BILL		0		0		0	
DEBT ASSESSMENTS		2,525,526		2,491,810		2,491,810	
DEBT DIRECT BILL		0		0		0	
INTEREST / OTHER INCOMES		35,000		337,447		337,447	
DEVELOPER CONTRIBUTION		0		166,824		166,824	
BOND PREPAYMENTS		0		170,338		170,338	
BOND PREPAYMENTS TO TRUSTEE		0		(170,338)		(170,338)	
OTHER REVENUES - TRANSPORT IMPACT		0		3,944,328		3,944,328	
OTHER REVENUES - EQUIP PUR REIMB		0		570,368		570,368	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	6,451,559	$	12,021,274	$	12,021,274	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		3,322,367		3,800,000		3,513,306	
IMPACT FEE PROJECTS		0		7,200,000		6,828,043	
ROAD RESURFACE		0		500,000		0	
ROAD WIDENING		0		1,500,000		785,123	
GIS PROJECT		0		0		0	
ENGINEERING		60,000		150,000		129,700	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS ADMINISTRATION		50,000		56,667		56,667	
LEGAL		50,000		50,000		37,813	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		1,500		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		1,700		15,000		12,331	
POSTAGE		0		0		0	
OFFICE SUPPLIES		10,000		1,000		0	
TRUSTEE FEES		5,000		5,000		4,246	
WEBSITE		0		0		0	
CONTINUING DISCLOSURE FEE		500		500		500	
COMMONA AREA IRRIGATION WATER		175,000		120,000		97,204	
CONSTRUCTION COST / EQUIP PUR		0		600,000		588,682	
Total Expenditures		$	3,692,572	$	14,016,672	$	12,071,223	

EXCESS OR (SHORTFALL)		$	2,758,988	$	(1,995,398)	$	(49,949)	

PAYMENT TO TRUSTEE		(2,373,994)		(2,370,616)		(2,370,616)	
BALANCE		$	384,994	$	(4,366,014)	$	(2,420,565)	

COUNTY APPRAISER & TAX COLLECTOR FEE		(128,332)		(100,517)		(100,517)	
DISCOUNTS FOR EARLY PAYMENTS		(256,662)		(216,618)		(216,618)	
NET EXCESS/SHORTFALL		$	-	$	(4,683,149)	$	(2,737,700)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT TWO
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		53,410		2,788,198		2,788,198	
O & M DIRECT BILL		0		0		0	
DEBT ASSESSMENTS		2,703,324		1,441,218		1,441,218	
DEBT DIRECT BILL		0		0		0	
INTEREST		0		0		0	
DEVELOPER CONTRIBUTION		0		0		0	
OTHER REVENUES		0		0		0	
BOND PREPAYMENTS		0		6,154		6,154	
BOND PREPAYMENTS TO TRUSTEE		0		(6,154)		(6,154)	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	2,756,734	$	4,229,416	$	4,229,416	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		0		0		0	
ENGINEERING		2,000		175,000		154,267	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS ADMINISTRATION		12,000		13,000		13,000	
LEGAL		10,000		12,000		9,099	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		1,500		1,300	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		1,700		1,000		0	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		5,000		5,000		4,849	
CONTINUING DISCLOSURE FEE		1,500		2,000		2,000	
WEBSITE		0		0		0	
CAPITAL OUTLAY / CONTINGENCY		0		0		0	
Total Expenditures		$	50,205	$	226,505	$	201,473	

EXCESS OR (SHORTFALL)		$	2,706,529	$	4,002,911	$	4,027,942	

PAYMENT TO TRUSTEE		(2,541,124)		(1,371,122)		(1,371,122)	
BALANCE		$	165,405	$	2,631,789	$	2,656,821	

COUNTY APPRAISER & TAX COLLECTOR FEE		(55,136)		(62,595)		(62,595)	
DISCOUNTS FOR EARLY PAYMENTS		(110,269)		(50,329)		(50,329)	
NET EXCESS/SHORTFALL		$	-	$	2,518,866	$	2,543,897	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT THREE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		472,819		474,329		474,329	
O & M DIRECT BILL		0		0		0	
DEBT ASSESSMENTS		1,350,786		1,351,437		1,351,437	
DEBT DIRECT BILL		0		0		0	
INTEREST		0		36,237		36,237	
DEVELOPER CONTRIBUTION		0		0		0	
OTHER REVENUES		0		297,077		297,077	
BOND PREPAYMENTS		0		14,284		14,284	
BOND PREPAYMENTS TO TRUSTEE		0		(14,284)		(14,284)	
OTHER REVENUES - CAPITAL		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	1,823,605	$	2,159,080	$	2,159,080	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		325,000		400,000		366,438	
ENGINEERING		25,000		75,000		67,303	
MANAGEMENT		22,500		24,375		24,375	
OPERATIONS ADMINISTRATION		25,000		27,083		27,083	
LEGAL		35,000		15,000		3,062	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		1,500		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		1,700		1,500		1,006	
POSTAGE		0		1,500		1,169	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		3,750		3,750		0	
CONTINUING DISCLOSURE FEE		500		500		500	
WEBSITE		0		0		0	
UNIT 3 FUND REIMBURSEMENT		0		0		0	
Total Expenditures		$	444,450	$	554,208	$	495,540	

EXCESS OR (SHORTFALL)		$	1,379,155	$	1,604,872	$	1,663,540	

PAYMENT TO TRUSTEE		(1,269,739)		(1,285,707)		(1,285,707)	
BALANCE		$	109,416	$	319,165	$	377,833	

COUNTY APPRAISER & TAX COLLECTOR FEE		(36,472)		(26,336)		(26,336)	
DISCOUNTS FOR EARLY PAYMENTS		(72,944)		(62,453)		(62,453)	
NET EXCESS/SHORTFALL		$	-	$	230,376	$	289,044	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT FOUR
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		101,338		100,904		100,904	
O & M DIRECT BILL		-1,553		0		0	
DEBT ASSESSMENTS		866,319		867,881		867,881	
DEBT DIRECT BILL		23,326		0		0	
INTEREST		0		0		0	
DEVELOPER CONTRIBUTION		0		0		0	
OTHER REVENUES		0		0		0	
OTHER REVENUES - CAPITAL		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	989,431	$	968,785	$	968,785	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		42,250		45,000		38,272	
ENGINEERING		2,500		6,000		5,449	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS ADMINISTRATION		12,000		13,000		13,000	
LEGAL		13,000		5,000		1,330	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		1,500		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		1,700		1,000		0	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		3,750		4,500		4,246	
CONTINUING DISCLOSURE FEE		500		500		500	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	93,705	$	93,505	$	80,407	

EXCESS OR (SHORTFALL)		$	895,726	$	875,280	$	888,378	

PAYMENT TO TRUSTEE		(837,666)		(825,670)		(825,670)	
BALANCE		$	58,059	$	49,610	$	62,708	

COUNTY APPRAISER & TAX COLLECTOR FEE		(19,353)		(13,974)		(13,974)	
DISCOUNTS FOR EARLY PAYMENTS		(38,706)		(33,139)		(33,139)	
NET EXCESS/SHORTFALL		$	-	$	2,496	$	15,595	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT FIVE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		0		0		0	
O & M DIRECT BILL		0		0		0	
DEBT ASSESSMENTS		0		0		0	
DEBT DIRECT BILL		3,625,720		3,588,592		3,588,592	
INTEREST		0		0		0	
DEVELOPER CONTRIBUTION		56,672		61,672		61,672	
OTHER REVENUES		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	3,682,392	$	3,650,264	$	3,650,264	

EXPENDITURES							
BASEBALL FACILITY EXPENSES		0		0		0	
INFRASTRUCTURE MAINTENANCE		2,072		5,000		3,028	
ENGINEERING		2,500		2,500		1,630	
MANAGEMENT		12,000		13,000		13,000	
OPERATIONS ADMINISTRATION		0		0		0	
LEGAL		0		0		0	
ASSESSMENT ROLL		0		0		0	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		0		0		0	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		30,000		35,000		35,000	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES - NOTE		800		0		0	
TRUSTEE FEES - BONDS		4,800		6,000		5,507	
CONTINUING DISCLOSURE FEE		1,500		1,500		1,500	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	56,672	$	65,500	$	62,119	

EXCESS OR (SHORTFALL)		$	3,625,720	$	3,584,764	$	3,588,145	

PAYMENT TO TRUSTEE		(3,625,720)		(3,588,592)		(3,588,592)	
BALANCE		$	-	$	(3,828)	$	(447)	

COUNTY APPRAISER & TAX COLLECTOR FEE		0		0		0	
DISCOUNTS FOR EARLY PAYMENTS		0		0		0	
NET EXCESS/SHORTFALL		$	-	$	(3,828)	$	(447)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT SEVEN
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		197,904		198,698		198,698	
O & M DIRECT BILL		113,476		91,872		91,872	
DEBT ASSESSMENTS		2,136,991		2,146,864		2,146,864	
DEBT DIRECT BILL		851,942		31,421		31,421	
INTEREST		0		0		0	
DEVELOPER FUNDING - WWTP		0		0		0	
OTHER REVENUES		0		3,500		3,500	
BOND PREPAYMENTS		0		22,392		22,392	
BOND PREPAYMENTS TO TRUSTEE		0		(22,392)		(22,392)	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	3,300,313	$	2,472,355	$	2,472,355	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		205,500		200,000		166,888	
ENGINEERING		20,000		25,000		23,017	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS ADMINISTRATION		12,000		13,000		13,000	
LEGAL		20,000		10,000		3,236	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		2,000		1,950	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		5,000		1,000		97	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		17,000		25,000		24,780	
CONTINUING DISCLOSURE FEE		2,000		2,000		1,000	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	299,505	$	295,005	$	250,926	

EXCESS OR (SHORTFALL)		$	3,000,808	$	2,177,350	$	2,221,429	

PAYMENT TO TRUSTEE		(2,860,714)		(2,073,869)		(2,073,869)	
BALANCE		$	140,094	$	103,481	$	147,560	

COUNTY APPRAISER & TAX COLLECTOR FEE		(46,698)		(33,833)		(33,833)	
DISCOUNTS FOR EARLY PAYMENTS		(93,396)		(80,234)		(80,234)	
NET EXCESS/SHORTFALL		$	-	$	(10,587)	$	33,492	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT EIGHT
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		57,415		58,380		58,380	
O & M DIRECT BILL		79,535		79,535		79,535	
DEBT ASSESSMENTS		950,989		951,361		951,361	
DEBT DIRECT BILL		983,643		918,050		918,050	
INTEREST		0		0		0	
DEVELOPER FUNDING		0		0		0	
OTHER REVENUES		0		3,500		3,500	
OTHER REVENUES - CAPITAL		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	2,071,582	$	2,010,827	$	2,010,827	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		47,500		45,000		35,000	
ENGINEERING		20,000		15,000		13,455	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS ADMINISTRATION		12,000		13,000		13,000	
LEGAL		15,000		10,000		3,243	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,500		1,500		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		10,000		1,000		0	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		10,000		10,000		8,493	
CONTINUING DISCLOSURE FEE		1,000		1,000		1,000	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	133,505	$	113,505	$	91,799	

EXCESS OR (SHORTFALL)		$	1,938,077	$	1,897,322	$	1,919,028	

PAYMENT TO TRUSTEE		(1,877,572)		(1,823,141)		(1,823,141)	
BALANCE		$	60,505	$	74,181	$	95,887	

COUNTY APPRAISER & TAX COLLECTOR FEE		(20,169)		(14,565)		(14,565)	
DISCOUNTS FOR EARLY PAYMENTS		(40,336)		(34,540)		(34,540)	
NET EXCESS/SHORTFALL		$	-	$	25,076	$	46,782	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT NINE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		115,758		116,655		116,655	
O & M DIRECT BILL		102,192		100,334		100,334	
DEBT ASSESSMENTS		852,511		853,705		853,705	
DEBT DIRECT BILL		366,108		141,702		141,702	
INTEREST		0		0		0	
DEVELOPER FUNDING		0		0		0	
OTHER REVENUES		0		0		0	
BOND PREPAYMENTS		0		29,964		29,964	
BOND PREPAYMENTS TO TRUSTEE		0		(29,964)		(29,964)	
OTHER REVENUES - CAPITAL		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	1,436,569	$	1,212,396	$	1,212,396	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		156,000		150,000		138,177	
ENGINEERING		5,000		10,000		5,230	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS MANAGER		12,000		13,000		13,000	
LEGAL		10,000		5,000		0	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,000		1,000		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		5,000		1,000		250	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		5,000		5,000		4,246	
CONTINUING DISCLOSURE FEE		500		500		500	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	211,005	$	202,505	$	179,012	

EXCESS OR (SHORTFALL)		$	1,225,564	$	1,009,891	$	1,033,384	

PAYMENT TO TRUSTEE		(1,167,469)		(953,886)		(953,886)	
BALANCE		$	58,095	$	56,005	$	79,498	

COUNTY APPRAISER & TAX COLLECTOR FEE		(19,364)		(13,997)		(13,997)	
DISCOUNTS FOR EARLY PAYMENTS		(38,731)		(33,193)		(33,193)	
NET EXCESS/SHORTFALL		$	-	$	8,815	$	32,308	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT TEN
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

		FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
		2024/2025		2024/2025		2024/2025	
		ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
		10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS		0		0		0	
O & M DIRECT BILL		354,055		317,584		317,584	
DEBT ASSESSMENTS		0		0		0	
DEBT DIRECT BILL		1,315,571		783,700		783,700	
INTEREST		0		0		0	
DEVELOPER FUNDING		0		0		0	
OTHER REVENUES		0		0		0	
OTHER REVENUES - CAPITAL		0		0		0	
CARRY OVER FUNDS / FUND BALANCE		0		0		0	
Total Revenues		$	1,669,626	$	1,101,284	$	1,101,284	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE		299,050		300,000		286,800	
ENGINEERING		5,000		10,000		6,387	
MANAGEMENT		12,005		13,005		13,005	
OPERATIONS MANAGER		12,000		12,000		12,000	
LEGAL		10,000		5,000		805	
ASSESSMENT ROLL		1,500		1,500		1,500	
AUDIT FEES		3,000		2,500		2,454	
ARBITRAGE REBATE FEE		1,000		1,000		650	
RENTS & LEASES		0		0		0	
INSURANCE		0		0		0	
LEGAL ADVERTISING		0		0		0	
MISCELLANEOUS		5,000		4,000		2,650	
POSTAGE		0		0		0	
OFFICE SUPPLIES		0		0		0	
TRUSTEE FEES		5,000		5,000		4,246	
CONTINUING DISCLOSURE FEE		500		500		500	
WEBSITE		0		0		0	
CONTINGENCY / PREV SHORTFALL		0		0		0	
Total Expenditures		$	354,055	$	354,505	$	330,997	

EXCESS OR (SHORTFALL)		$	1,315,571	$	746,779	$	770,287	

PAYMENT TO TRUSTEE		(1,315,571)		(783,700)		(783,700)	
BALANCE		$	-	$	(36,921)	$	(13,413)	

COUNTY APPRAISER & TAX COLLECTOR FEE
DISCOUNTS FOR EARLY PAYMENTS		-
-		-
-		-
-	
NET EXCESS/SHORTFALL		$	-	$	(36,921)	$	(13,413)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT ELEVEN
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2024/2025	2024/2025		2024/2025	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/24 - 9/30/25	10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
INTEREST			0	0		0	
DEVELOPER FUNDING			0	2,500		2,500	
OTHER REVENUES			0	0		0	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS / FUND BALANCE			0	0		0	
Total Revenues		$	-	$	2,500	$	2,500	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	12,000		9,050	
MANAGEMENT			0	1,000		1,000	
OPERATIONS MANAGER			0	1,000		1,000	
LEGAL			0	5,000		524	
ASSESSMENT ROLL			0	0		0	
AUDIT FEES			0	0		0	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			0	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
Total Expenditures		$	-	$	19,000	$	11,575	
							
EXCESS OR (SHORTFALL)		$	-	$	(16,500)	$	(9,075)	

PAYMENT TO TRUSTEE			-	-		-	
BALANCE		$	-	$	(16,500)	$	(9,075)	

COUNTY APPRAISER & TAX COLLECTOR FEE			-	-		-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
NET EXCESS/SHORTFALL		$	-	$	(16,500)	$	(9,075)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT TWELVE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

			FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
			2024/2025	2024/2025		2024/2025	
			ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
			10/1/24 - 9/30/25	10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	84,915		84,915	
INTEREST			0	0		0	
DEVELOPER FUNDING			0	2,500		2,500	
OTHER REVENUES			0	0		0	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS / FUND BALANCE			0	0		0	
Total Revenues		$	-	$	87,415	$	87,415	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	2,000		0	
MANAGEMENT			0	1,000		1,000	
OPERATIONS MANAGER			0	1,000		1,000	
LEGAL			0	2,000		663	
ASSESSMENT ROLL			0	0		0	
AUDIT FEES			0	0		0	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			0	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
Total Expenditures		$	-	$	6,000	$	2,663	
							
EXCESS OR (SHORTFALL)		$	-	$	81,415	$	84,752	

PAYMENT TO TRUSTEE			-	(84,915)		(84,915)	
BALANCE		$	-	$	(3,500)	$	(163)	

COUNTY APPRAISER & TAX COLLECTOR FEE			-	-		-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
NET EXCESS/SHORTFALL		$	-	$	(3,500)	$	(163)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT THIRTEEN
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

			FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
			2024/2025	2024/2025		2024/2025	
			ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
			10/1/24 - 9/30/25	10/1/24 - 9/30/25		10/1/24 - 9/29/25	
REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
INTEREST			0	0		0	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	0		0	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS / FUND BALANCE			0	0		0	
Total Revenues		$	-	$	-	$	-	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	3,000		0	
MANAGEMENT			0	0		0	
OPERATIONS MANAGER			0	0		0	
LEGAL			0	3,000		1,978	
ASSESSMENT ROLL			0	0		0	
AUDIT FEES			0	0		0	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			0	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
Total Expenditures		$	-	$	6,000	$	1,978	
							
EXCESS OR (SHORTFALL)		$	-	$	(6,000)	$	(1,978)	

PAYMENT TO TRUSTEE			-	-		-	
BALANCE		$	-	$	(6,000)	$	(1,978)	

COUNTY APPRAISER & TAX COLLECTOR FEE			-	-		-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
NET EXCESS/SHORTFALL		$	-	$	(6,000)	$	(1,978)	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 1 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25		2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	
REVENUES							
Interest Income		0		58,534		58,534	
Debt Collections		2,373,994		2,538,399		2,538,399	
Total Revenues		$	2,373,994	$	2,596,933	$	2,596,933	

EXPENDITURES							
Principal Payments		1,300,000		1,465,000		1,465,000	
Interest Payments		1,073,994		1,101,852		1,101,852	
Miscellaneous		0		0		0	
Total Expenditures		$	2,373,994	$	2,566,852	$	2,566,852	
							
Excess/Shortfall		$	-	$	30,081	$	30,081	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$1,037,861	
$30,081	
$1,067,942	

Notes
Reserve Fund Balances = $400,000*. Revenue Fund Balance = $667,942*. Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment
* Approximate Amounts
Revenue Fund Balance Is As Of 9/30/25.

Series 2017 Bond Refunding Information

Original Par Amount =	$32,165,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 4.625%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2038

$23,085,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 2 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25	2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	
REVENUES							
Interest Income			0	32,998		32,998	
Debt Collections (2019A-1)			1,353,018	1,371,122		1,371,122	
Debt Collections (2019A-2)			1,188,107	0		0	
Prepaid Debt Collections (2019A-1)			0	6,154		6,154	
Total Revenues		$	2,541,125 $	1,410,273	$	1,410,273	

EXPENDITURES							
Principal Payments (2019A-1)			680,000	680,000		680,000	
Principal Payments (2019A-2)			610,000	0		0	
Interest Payments (2019A-1)			644,000	663,550		663,550	
Interest Payments (2019A-2)			573,275	0		0	
Miscellaneous - Bond Redemption (2019A-1)			29,018	0		0	
Miscellaneous - Bond Redemption (2019A-2)			4,832	0		0	
Total Expenditures		$	2,541,125 $	1,343,550	$	1,343,550	
							
Excess/Shortfall		$	(0) $	66,723	$	66,723	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$638,741	
$66,723	
$705,464	

Notes
West Villages Unit 2 Series 2005 Bonds Were Bifurcated Into Performing (2019A-1) And Non Performing (2019A-2) Bonds.
Reserve Account Balances = $201,000* Revenue Account Balances = $504,464* Revenue Account Balances To Be Used To Make 11/1/2025 2019A-1 Interest Payment

* Approximate Amounts

Series 2019A-1 (Performing) Bond Information
Original Par Amount =	$15,190,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$10,860,000		

Series 2019A-2 (Non Performing) Bond Information	
Original Par Amount =	$12,830,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$12,830,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 3 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25		2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income			

0		

26,715		

26,715	
Debt Collections			1,269,739		1,285,707		1,285,707	
Payment By Developer			0		0		0	
 Prepaid Debt Collections				0		14,284		14,284	
 Total Revenues			$	1,269,739	$	1,326,706	$	1,326,706	

 EXPENDITURES	
Principal Payments			

700,000		

700,000		

700,000	
Interest Payments			549,610		563,610		563,610	
 Miscellaneous / Extra Redemption				20,129		0		0	
 Total Expenditures			$	1,269,739	$	1,263,610	$	1,263,610	
								
 Excess/Shortfall			$	-	$	63,096	$	63,096	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$495,288	
$63,096	
$558,384	

Notes
Reserve Fund Balance = $100,000*. Revenue Fund Balance = $440,811*. Prepayment Account Balance = $17,573*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment

* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount =	$16,550,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 5%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2037

$11,345,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 4 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25		2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income		

0		

48,819		

48,819	
Debt Collections		837,666		825,670		825,670	
Payment By Developer		0		0		0	
 Prepaid Debt Collections			0		0		0	
 Total Revenues		$	837,666	$	874,489	$	874,489	

 EXPENDITURES	
Principal Payments		

295,000		

285,000		

285,000	
Interest Payments		537,875		543,931		543,931	
 Miscellaneous			4,791		0		0	
 Total Expenditures		$	837,666	$	828,931	$	828,931	

 Excess/Shortfall		$	0  $

45,557  $

45,557

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$1,217,610	
$45,557	
$1,263,167	

Notes
Reserve Fund Balance = $586,014*. Revenue Fund Balance = $673,200*. Prepayment Account Fund Balance = $3,953*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment

* Approximate Amounts - Revenue Account Balance Is As of 9/30/25.

Series 2016 Bond Information

Original Par Amount =	$13,090,000	Annual Principal Payment Due =	
Interest Rate =	3.375% - 5%	November 1st	
Issue Date =	November 2016	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	November 2046

$11,050,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT BASEBALL STADIUM DEBT SERVICE FUND FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2024/2025
ANNUAL BUDGET	AMENDED FINAL BUDGET 10/1/24 - 9/30/25		10/1/24 - 9/30/25	2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income (Bonds)	

0	

18,582	

18,582	
Interest Income (Notes)	0	250,297	250,297	
State Of Florida Pledged Revenues (Bonds)	1,000,000	999,996	999,996	
 Payment By Atlanta Braves (Notes)		2,625,720	2,588,596	2,588,596	
 Total Revenues		$	3,625,720 $	3,857,472 $	3,857,472	

 EXPENDITURES	
Principal Payments (Bonds)		

610,000	

610,000	

610,000	
Interest Payments (Bonds)		387,093	387,093	387,093	
Principal Payments (Notes)		1,581,429	1,581,429	1,581,429	
Interest Payments (Notes)		1,007,167	1,007,167	1,007,167	
 Other/Extra Redemption			40,032	0	0	
 Total Expenditures		$	3,625,721 $	3,585,689 $	3,585,689	

 Excess/Shortfall		$

(1) $

271,782 $

271,782

Bonds	Notes

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$322,991	$5,908,729	
$	21,485	$250,297	
$344,476	$6,159,026	

Notes
Bond Service Fund Balance = $85,031*. Bond Revenue Fund Balance = $259,445*. Bond Service Fund Balance And October 2024 Through January 2025 State Of Florida Pledged Revenues To Be Used To Make 2/1/2025 Principal & Interest Payment

Note Reserve Fund Balance = $4,755,621*. Note Revenue Fund Balance = $1,403,405*. Revenue Fund Balance To Be Used To Make 12/30/2025 Principal & Interest Payment

* Approximate Amounts

Series 2017A Bond Information
Original Par Amount =	$13,955,000	Annual Principal Payment Due =	
Interest Rate =	3.72%	February 1st & August 1st	
Issue Date =	December 2017	Annual Interest Payments Due =	
Maturity Date =	February 2038	February 1st & August 1st	

Par Amount As Of 9/30/25 =

Series 2017B Notes Information	
$9,840,000		
Original Par Amount =	$27,500,000	Annual Principal Payment Due =	
Interest Rate =	5.39%	June 30th & December 30th	
Issue Date =	December 2017	Annual Interest Payments Due =	
Maturity Date =	December 2033	June 30th & December 30th	

Par Amount As Of 9/30/25 =	
$17,459,909		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 7 DEBT SERVICE FUND (2019) FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025		2024/2025		2024/2025	
	ANNUAL BUDGET		AMENDED FINAL BUDGET		ACTUAL	
	10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25	

 REVENUES								
Interest Income (Master)		0		101,373		101,373	
Interest Income (Village B)		0		6,025		6,025	
Debt Collections (Master)		1,974,499		1,904,974		1,904,974	
Payment By Developer (Master)		0		0		0	
Debt Collections (Village B)		86,602		88,412		88,412	
Payment By Developer (Village B)		0		0		0	
 Prepaid Bonds (Master)			0		22,392		22,392	
 Total Revenues		$	2,061,101	$	2,123,177	$	2,123,177	

 EXPENDITURES								
Principal Payments (Master)		585,000		585,000		585,000	
Principal Payments (Village B)		25,000		25,000		25,000	
Interest Payments (Master)		1,387,044		1,399,475		1,399,475	
Interest Payments (Village B)		58,994		59,525		59,525	
 Other/Extra Redemption			5,064		0		0	
 Total Expenditures		$	2,061,102	$	2,069,000	$	2,069,000	

 Excess/Shortfall		$

(1) $

54,177 $

54,177

Master	Village B

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$2,095,815	$131,944	
$	44,264	$9,912	
$2,140,079	$141,856	

Notes
Master Reserve Fund Balances = $1,974,131*. Master Revenue Fund Balances = $142,555*. Master Prepayment Fund Balances = $23,393*. Village B Reserve Fund Balances = $86,531*. Village B Revenue Fund Balances = $55,325*.
Revenue Fund Balances To Be Used To Make 11/1/2025 Interest Payments

* Approximate Amounts - Revenue Account Balance Is As of 9/30/25.

Series 2019 Bond Information (Master)
Original Par Amount =	$31,040,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	
Par Amount As Of 9/30/25 =

Series 2019 Bond Information (Village B)	$28,335,000		
Original Par Amount =	$1,320,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$1,205,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 7 DEBT SERVICE FUND (2021 & 2023) FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2024/2025		2024/2025		2024/2025		
	ANNUAL BUDGET		AMENDED FINAL BUDGET		ACTUAL		
	10/1/24 - 9/30/25		10/1/24 - 9/30/25		10/1/24 - 9/29/25		

REVENUES									
Interest Income (2021)			0		13,662			13,662	
Interest Income (2023)			0		11,764			11,764	
Interest Income (2025)			0		0			0	
Debt Collections (2021)			445,884		482,169			482,169	
Debt Collections (2023)			353,728		363,396			363,396	
Debt Collections (2025)			0		0			0	
Payment By Developer (2021)			0		0			0	
Payment By Developer (2023)			0		0			0	
Payment By Developer (2025)			0		0			0	
Bond Proceeds / Cap I			0		0			0	
Total Revenues		$	799,612	$	870,991	$		870,991	

EXPENDITURES									
Principal Payments (2021)			175,000		175,000			175,000	
Principal Payments (2023)			60,000		60,000			60,000	
Principal Payments (2025)			0		0			0	
Interest Payments (2021)			270,725		272,913			272,913	
Interest Payments (2023)			290,550		292,125			292,125	
Interest Payments (2025)			0		0			0	
Other/Extra Redemption			3,337		33,159			33,159	
Total Expenditures		$	799,612 $		833,196 $		833,196	
								
Excess/Shortfall		$	- $		37,795 $		37,795	
		
2021		
2023		
2025		

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$238,818	$223,434	$0	
$14,760	$23,035	$0	
$253,578	$246,469	$0	

Notes
2021 Reserve Fund Balance = $222,881*. 2021 Revenue Fund Balance = $30,697*. 2023 Reserve Fund Balance = $176,863*. 2023 Revenue Fund Balance = $69,606*. 2025 Reserve Fund Balance = $0.00*. 2025 Revenue Fund Balance = $0.00*.
Revenue Account Balance To Be Used To Make 11/1/2025 Interest Payment

* Approximate Amounts - Revenue Account Balance Is As of 9/30/25.

Series 2021 Bond Information
Original Par Amount =	$7,975,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =	May 2051	May 1st & November 1st	

Par Amount As Of 9/30/25 =	
$7,305,000		

Series 2023 Bond Information			
Original Par Amount =	$4,805,000	Annual Principal Payment Due =	
Interest Rate =	5.250% - 6.250%	May 1st	
Issue Date =	Sep-24	Annual Interest Payments Due =	
Maturity Date =	May 2054	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$4,745,000		

Series 2025 Bond Information			
Original Par Amount =	$1,258,000	Annual Principal Payment Due =	
Interest Rate =	4.000% - 5.500%	May 1st	
Issue Date =	Oct-25	Annual Interest Payments Due =	
Maturity Date =	May 2055	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$1,258,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 8 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25		2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income (Master)			

0		

19,554		

19,554	
Debt Collections (Master)			725,308		721,603		721,603	
Payment By Developer (Master)			0		0		0	
Interest Income (Ser 2022)			0		30,779		30,779	
Debt Collections (Ser 2022)			1,152,264		1,150,602		1,150,602	
Payment By Developer (Ser 2022)			0		0		0	
 Bond Proceeds (Ser 2022 DSR)				0		0		0	
 Total Revenues			$	1,877,572	$	1,922,539	$	1,922,539	

 EXPENDITURES	
Principal Payments (Master)			

280,000		

280,000		

280,000	
Interest Payments (Master)			441,519		445,019		445,019	
Principal Payments (Ser 2022)			255,000		255,000		255,000	
Interest Payments (Ser 2022)			896,353		902,250		902,250	
 Other/Extra Redemption				4,700		0		0	
 Total Expenditures			$	1,877,572	$	1,882,269	$	1,882,269	
								
 Excess/Shortfall			$	-	$	40,270	$	40,270	

Master		

Series 2022			

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$377,418	$599,160	
$16,139	$24,131	
$393,557	$623,291	

Notes
Master Reserve Fund Balance = $362,656*. Master Revenue Fund Balance = $30,901.*
Series 2022 Reserve Fund Balance = $576,134*. Series 2022 Revenue Fund Balance = $47,157.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2021 Bond Information

Original Par Amount =	$13,000,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =	May 2051	May 1st & November 1st	

Par Amount As Of 9/30/25 =

Series 2022 Bond Information	
$11,915,000		
Original Par Amount =	$17,000,000	Annual Principal Payment Due =	
Interest Rate =	4.625% - 5.500%	May 1st	
Issue Date =	December 2022	Annual Interest Payments Due =	
Maturity Date =	May 2053	May 1st & November 1st	

Par Amount As Of 9/30/25 =	
$16,505,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 9 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25		2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income (Master)			

0		

38,306		

38,306	
Debt Collections (Master)			1,167,469		1,097,459		1,097,459	
Payment By Developer (Master)			0		0		0	
 Other/Prepayment Revenue				0		29,964		29,964	
 Total Revenues			$	1,167,469	$	1,165,729	$	1,165,729	

 EXPENDITURES	
Principal Payments (Master)			

255,000		

280,000		

280,000	
Interest Payments (Master)			910,984		917,214		917,214	
 Other/Extra Redemption				1,485		0		0	
 Total Expenditures			$	1,167,469	$	1,197,214	$	1,197,214	
								
 Excess/Shortfall			$	-	$	(31,485)	$	(31,485)	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$826,999	
($61,449)	
$765,550	

Master

Notes
Master Reserve Fund Balance = $584,577*. Master Revenue Fund Balance = $210,937.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2023 Bond Information

Original Par Amount =	$17,130,000	Annual Principal Payment Due =	
Interest Rate =	4.625% - 5.625%	May 1st	
Issue Date =	May-24	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2053

$16,605,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 10 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25	2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25	2024/2025
ACTUAL 10/1/24 - 9/29/25	

 REVENUES	
Interest Income (Master)			

0	

36,962	

36,962	
Debt Collections (Master)			1,315,571	1,236,337	1,236,337	
Payment By Developer (Master)			0	0	0	
 Bond Proceeds				0	0	0	
 Total Revenues			$	1,315,571 $	1,273,299 $	1,273,299	

 EXPENDITURES	
Principal Payments (Master)			

275,000	

405,000	

405,000	
Interest Payments (Master)			1,035,656	1,055,727	1,055,727	
 Other/Extra Redemption				4,915	0	0	
 Total Expenditures			$	1,315,571 $	1,460,727 $	1,460,727	
						
 Excess/Shortfall			$	- $	(187,427) $	(187,427)	
			
Master			

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$1,052,989	
($187,427)	
$865,562	

Notes
Master Reserve Fund Balance = $657,784*. Master Revenue Fund Balance = $167,987.*Master Prepayment Fund Balance = $39,790.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2024 Bond Information

Original Par Amount =	$19,280,000	Annual Principal Payment Due =	
Interest Rate =	4.500% - 5.625%	May 1st	
Issue Date =	Mar-25	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2054

$18,875,000	May 1st & November 1st	

Series 2025 Bond Information

Original Par Amount =	$8,360,000	Annual Principal Payment Due =	
Interest Rate =	4.000% - 5.500%	May 1st	
Issue Date =	Nov-25	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2055

$8,360,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 11 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR			FISCAL YEAR			FISCAL YEAR		
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25			2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25			2024/2025
ACTUAL 10/1/24 - 9/29/25		

 REVENUES	
Interest Income (Master)			

0			

0			

0	
Debt Collections (Master)			0			0			0	
Payment By Developer (Master)			0			0			0	
 Bond Proceeds				0			0			0	
 Total Revenues		$		-	$		-	$		-	

 EXPENDITURES	
Principal Payments (Master)			

0			

0			

0	
Interest Payments (Master)			0			0			0	
 Other/Extra Redemption				0			0			0	
 Total Expenditures		$		-	$		-	$		-	

 Excess/Shortfall		$	-  $	-  $	-

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$0	
$0	
$0	

Master

Notes
Master Reserve Fund Balance = $0.00*. Master Revenue Fund Balance = $0.00.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2025 Bond Information

Original Par Amount =	$17,325,000	Annual Principal Payment Due =	
Interest Rate =	4.75%	May 1st	
Issue Date =	Nov-25	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2032

$17,325,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 12 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR			FISCAL YEAR		FISCAL YEAR		
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25			2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25		2024/2025
ACTUAL 10/1/24 - 9/29/25		

 REVENUES	
Interest Income (Master)				

0		

6,414			

6,414	
Debt Collections (Master)				0		84,915			84,915	
Payment By Developer (Master)				0		0			0	
 Bond Proceeds					0		0			0	
 Total Revenues			$		-	$	91,329	$		91,329	

 EXPENDITURES	
Principal Payments (Master)				

0		

0			

0	
Interest Payments (Master)				0		0			0	
 Other/Extra Redemption					0		0			0	
 Total Expenditures			$		-	$	-	$		-	
										
 Excess/Shortfall			$		-	$	91,329	$		91,329	
			
Master							

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

	
$356,425	
$91,329	
$447,754	

Notes
Master Reserve Fund Balance = $356,425*. Master Revenue Fund Balance = $91,329.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2025 Bond Information

Original Par Amount =	$10,045,000	Annual Principal Payment Due =	
Interest Rate =	5.000% - 6.000%	May 1st	
Issue Date =	Apr-25	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2055

$10,045,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	FISCAL YEAR			FISCAL YEAR			FISCAL YEAR		
	2024/2025
ANNUAL BUDGET 10/1/24 - 9/30/25			2024/2025
AMENDED FINAL BUDGET 10/1/24 - 9/30/25			2024/2025
ACTUAL 10/1/24 - 9/29/25		

 REVENUES	
Interest Income (Master)			

0			

0			

0	
Debt Collections (Master)			0			0			0	
Payment By Developer (Master)			0			0			0	
 Bond Proceeds				0			0			0	
 Total Revenues		$		-	$		-	$		-	

 EXPENDITURES	
Principal Payments (Master)			

0			

0			

0	
Interest Payments (Master)			0			0			0	
 Other/Extra Redemption				0			0			0	
 Total Expenditures		$		-	$		-	$		-	

 Excess/Shortfall		$	-  $	-  $	-

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$0	
$0	
$0	

Master

Notes
Master Reserve Fund Balance = $0*. Master Revenue Fund Balance = $0.* Revenue Account Balances To Be Used To Make 11/1/2025 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/25.

Series 2025 Bond Information

Original Par Amount =	$0	Annual Principal Payment Due =	
Interest Rate =	4.500% - 5.625%	May 1st	
Issue Date =	Dec-25	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/25 =	May 2054

$0	May 1st & November 1st	

West Villages Master Irrigation Utility

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

AMENDED FINAL BUDGET
WEST VILLAGES MASTER IRRIGATION UTILITY FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 ANNUAL BUDGET 10/1/24 - 9/30/25	FISCAL YEAR 2024/2025
AMENDED FINAL BUDGET
10/1/24 - 9/30/25	FISCAL YEAR 2024/2025 ACTUAL
10/1/24 - 9/29/25	
Well Availability Charge	349,127	354,576	354,576	
Base Charge	196,750	199,786	199,786	
Water Usage	935,704	1,184,939	1,184,939	
Developer Contribution - New Infrastructure	0	312,129	312,129	
Developer Contribution - Operating	0	100,000	100,000	
New Infrastructure - Other	0	624,636	624,636	
Interest / Other Income	0	25,992	25,992	
Developer Subsidy	454,296	0	0	
Special Assessment	404,255	385,113	385,113	
Total Revenues	$	2,340,132	$	3,187,170	$	3,187,170	
				
EXPENDITURES				
Engineering	100,000	250,000	238,950	
Professional Services	100,000	275,000	240,313	
Engineering - Extraordinary	25,000	5,000	0	
Management	80,000	80,000	80,000	
Operations Administration	210,000	210,000	210,000	
Legal	10,000	5,000	2,583	
Legal - Extraordinary Cost (GP Lawsuit)	350,000	900,000	856,866	
Audit	5,000	4,500	4,095	
Miscellaneous	15,000	10,000	840	
Misc - Extraordinary Cost (GP Lawsuit)	30,000	30,000	7,125	
Utility System - Repairs & Maintenance	240,000	400,000	351,742	
Electricity	175,000	250,000	214,677	
Water (Purchase Reclaimed Water)	125,000	95,000	71,051	
Fuel & Oil	20,000	5,000	0	
Well Availability Payment	349,127	650,000	630,712	
Base Charge Payment	196,750	5,000	0	
Infrastructure Improvements	250,000	925,000	890,963	
PIL Extraordinary Erosion	35,000	5,000	0	
Total Expenditures	$	2,315,877	$	4,104,500	$	3,799,916	
				
County Appraiser & Tax Collector Fee	$	(8,085)	$	-	$	-	
Discounts for Early Payments	$	(16,170)	$	-	$	-	
				
Excess/ (Shortfall)	$	-	$	(917,330)	$	(612,746)	

RESOLUTION 2025-43

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT APPROVING REVISED DOG PARK AND PLAYGROUND POLICIES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the West Villages Improvement District (the “District”), is a local unit of special-purpose government established pursuant to Chapter 2004-456, Laws of Florida, to plan, construct, install, acquire, finance, manage and operate public improvements and community facilities benefitting the lands within the District; and

WHEREAS, the District owns, operates, and maintains certain dog park and playground improvements; and

WHEREAS, the District’s Board of Supervisors (the “Board”) has previously adopted policies related to the operation and use of its dog park facilities pursuant to Resolution 2018-23; and

WHEREAS, the Board desires to adopt revised policies related to the operation and use of its dog park facilities, which revised policies are attached hereto as Exhibit A; and
WHEREAS, the District’s Board additionally desires to adopt policies related to the operation and use of its playground facilities, which policies are attached hereto as Exhibit B.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT:

SECTION 1. All of the representations, findings and determinations contained within the recitals stated above are recognized as true and accurate and are expressly incorporated into this Resolution.

SECTION 2. The attached policies relating to the operation and use of the District’s dog park and playground(s), attached hereto as Exhibit A and Exhibit B, respectively, are hereby approved for immediate use and application.
SECTION 3. By approval of this Resolution, the District hereby rescinds Resolution 2018-23. If any provision of this Resolution 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.

1

PASSED AND ADOPTED this 24th day of November, 2025.

ATTEST:	WEST VILLAGES IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Dog Park Policies
Exhibit B: Playground Policies

2

Exhibit A

Dog Park Policies

Pet owners are subject to the Sarasota County Animal Control Ordinance. Section 10-31 of the City of North Port Code adopts and enforces the Sarasota County Animal Control Ordinance within the City of North Port.
All dogs must be vaccinated and display current tags.
The off-leash dog areas are for dogs and their handlers only.
Handlers must be at least 18 years old.
Visitors under the age of 12 must be accompanied by an adult.
Handlers may not bring more than three (3) dogs at any one time.
Handlers must have one leash in their possession for every dog they bring to the park.
Dogs must be on a leash while entering and exiting the park, including the parking lot.
No leash lead longer than six (6) feet.
Any dog displaying aggressive behavior toward people or other dogs shall immediately be removed from the park by its handler.
Dogs in heat, pregnant, or lactating are prohibited from the park.
Puppies under four (4) months old are not permitted in the park.
Handlers must fill any holes dug by their dog(s).
No food allowed for both people and dog(s). glass drink containers are prohibited.
Abandonment of dogs is prohibited and punishable by law.
Owners and handlers are legally responsible for their dog(s) and should always keep close contact and within voice command.
Handlers are responsible for removing and disposing of dog waste.
Section 14-18 of the Sarasota County Code requires dog owners to immediately pick up after their pets and dispose of their waste in a lawful manner.
If problems occur with vicious dogs, call Sarasota County Animal services at 941-861-9500.
Handlers shall always be in the park and within view of their dogs(s).
West Villages Improvement District shall not be responsible for any injury or damage caused by any dog in the park.
Owners Are liable for damage or injury inflicted by their dog9s) and are legally and financially responsible for their dog's behavior.
No food, drink, glass containers permitted in the dog park area.
No bicycle skateboards or scooters inside the dog park area.

Exhibit B

Playground Policies

This Playground is designed for children 5-12 years old.
Playground is open from sunrise to sunset, unless otherwise posted.
Playground equipment to be used at your own risk.
Children must be accompanied by an adult.
Children must be supervised by a responsible adult at all times.
Be courteous - no rough playing or yelling permitted.
No bullying, foul language, or disruptive behavior.
No food or drink on playground equipment.
No bottles or glass containers in the playground areas.
No dogs.
No bicycles, skateboards, or scooters inside the playground area.
No smoking.
No alcohol.
No fire or fireworks.
This park is owned and maintained by the West Villages Improvement District (WVID) (941) 244-2703, www.westvillagesid.org.
The West Villages Improvement District (WVID) shall not be responsible for any injury or damage to individuals or personal property.

First Supplemental Special Assessment Methodology Report Series 2025 Bonds
WEST VILLAGES IMPROVEMENT DISTRICT
Unit of Development No. 13

November 25, 2025

SPECIAL DISTRICT SERVICES, INC
2501A Burns Road
Palm Beach Gardens, Florida 33410 561-630-4922

1

INTRODUCTION

The West Villages Improvement District (the “District”) is a local unit of special-purpose government with portions located in the City of North Port, Florida (the “City”) within Sarasota County, Florida (the “County”). The District was created in June 2004 by Chapter 2004-456, Laws of Florida, a special act of the Florida Legislature, as amended (the “Act”). The Act provides legal authority for the District to finance the acquisition, construction, operation, and maintenance of the public infrastructure improvements authorized by the Act. In order to address its authorized purpose, the District has and continues to create separate Units of Development. This First Supplemental Special Assessment Methodology Report (the “First Supplemental Report”) will address the current development plan within Village K (“Assessment Area One”) within Unit of Development No. 13 within the District (“Unit No. 13”) and the issuance of the District's Capital Improvement Revenue Bonds (Unit of Development No. 13), Series 2025 (Assessment Area One) (the “Series 2025 Bonds”) to finance a portion of the Assessment Area One Project (defined herein). Unit No. 13 includes approximately
214.93+/- acres and was created by the District to acquire and construct public infrastructure improvements designed to provide special benefit to the lands in Unit No. 13 (the "Unit No. 13 Improvements"). Of the 214.93+/- acres within Unit No. 13, Assessment Area One includes approximately 22.51+/- acres.

The West Villages Improvement District Unit of Development No. 13 Master Engineer’s Report dated August 21, 2025 (the "Engineer's Report") was prepared by Stantec Consulting Services Inc., 777 S Harbour Island Blvd, Suite 600, Tampa, Florida (the “District Engineer”), and sets forth the Unit No. 13 Improvements including earthwork; stormwater improvements; water and sewer facilities; roadway, and consulting and contingencies.

Village K - Product Types and Number of Units

Product Type	Assessment Area One – Village K	
Townhomes	146	

The District presently plans to issue $2,145,000 of its Capital Improvement Revenue Bonds (Unit of Development No. 13), Series 2025 (Assessment Area One) (the “Series 2025 Bonds”) to finance a portion of the master and neighborhood infrastructure improvements relative to Assessment Area One as described in the Engineer’s Report (the “Assessment Area One Project”). It is expected that in the future the District may finance additional portions of the Unit No. 13 Improvements with the issuance of additional bonds in one or more series.

This First Supplemental Report will equitably allocate the costs being incurred by the District to provide infrastructure improvements to the benefitted, developable lands within Assessment Area One in Unit No. 13. The implementation of the improvements will convey direct special and peculiar benefits to all of the assessable properties within Assessment Area One in Unit No. 13. The Series 2025 Bonds are being issued to finance a portion of the Assessment Area One Project within Unit No. 13.
PROJECTS TO BE FUNDED BY THE DISTRICT
The Assessment Area One Project as designed is an integrated system of facilities that provides specific
2

benefits to all of the assessable lands within Assessment Area One within Unit No. 13. The total costs for the neighborhood improvements portion of the Assessment Area One Project is estimated to be
$5,002,500. The total costs for master infrastructure portion of the Unit No. 13 Improvements is estimated to be $48,070,000. A detail of the estimated costs of these improvements is included herein on Table A.

Assessment Area One consists of approximately 22.51 gross acres of land and is anticipated to include approximately 146 of the planned 580 residential units of various unit types as outlined on Table C.
The Series 2025 Bonds, when issued will be repaid through the levy of non-ad valorem special assessments on all assessable property in Assessment Area One within Unit No. 13 (the "Series 2025 Assessments"). Any portion of the Assessment Area One Project not financed through the issuance of the Series 2025 Bonds or future bonds will be paid for by Manasota Beach Ranchlands, LLLP or its successors or assigns (collectively the “Developer”).

The construction costs for the Assessment Area One Project identified in this First Supplemental Report were provided by the District Engineer. Special District Services, Inc., as District Manager, makes no representation regarding the accuracy or validity of those costs and did not undertake any analysis or verification regarding such costs.
FUNDING OF IMPROVEMENTS
To defray the Series 2025 Bonds, the District will impose the Series 2025 Assessments on benefited real property within Assessment Area One within Unit No. 13. These Series 2025 Assessments are based on the direct, special and peculiar benefits accruing to such property from the improvements comprising the Assessment Area One Project. The use of non-ad valorem special assessments has an advantage in that the properties that receive the special benefits from the Assessment Area One Project are the only properties that are obligated to pay for those facilities and services. Without these improvements, development of the property would not be possible.
In summary, special assessments may be levied: (1) for facilities which provide special benefits to property as distinct from general benefits, (2) only against property which receives that special benefit,
(3) in proportion to the benefits received by the properties, and (4) according to fair and reasonable methods that the governing body of the jurisdiction determines. The Series 2025 Assessments placed upon various benefited properties in Assessment Area One within Unit No. 13 must be sufficient to cover the debt service of the Series 2025 Bonds that will be issued for financing all or a portion of the Assessment Area One Project. The Series 2025 Assessments must be fairly and reasonably allocated to the properties being assessed.
ALLOCATION OF BENEFIT AND ASSESSMENTS
In developing the methodology used for special assessments in the District, two interrelated factors were used:
Allocation of Benefit: Each parcel of land, lot and/or unit within Assessment Area One within Unit No. 13 in the District benefits from the construction and financing of the proposed improvements.
Allocation of Cost/Debt: The special assessments imposed on each parcel of land, lot and/or unit within Assessment Area One within Unit No. 13 cannot exceed the value of the benefits provided to such parcel of land, lot and/or unit.
3

Upon the sale of the Series 2025 Bonds, the District’s debt attributable to the Assessment Area One Project will be allocated to Assessment Area One that has been platted in proportion to its share of the bonds to each platted residential dwelling unit/lot on an Equivalent Residential Unit (“ERU”) basis as shown herein on Table F. Given the District’s approved land use plan and the type of infrastructure to be funded by the proposed Series 2025 Bonds, this method results in a fair allocation of benefits and an equitable allocation of costs for the Assessment Area One Project. The special benefit received and applied to each parcel and/or residential dwelling unit/lot as a result of the construction of the Assessment Area One Project will exceed the cost of such units allocated to each parcel and/or unit/lot. However, if the future platting results in changes in land use or proportion of benefit per acre and/or unit type, this allocation methodology may not be applicable and it may be necessary for the District to revise the allocation methodology.
To the extent land is sold in bulk to a third party, prior to platting, then the District will assign debt based upon the development rights conveyed based upon the ERU factors as shown herein on Table C.
COLLECTION OF SPECIAL ASSESSMENTS
The Series 2025 Assessments are planned to be collected through the Uniform Method of Collection (the "Uniform Method") described in Section 197.3632, Florida Statutes (“F.S.”) for platted lots, or any other legal means available to the District.
Since there are costs associated with the collection of the Series 2025 Assessments (whether by Uniform Method or other methods allowed by Florida law), these costs must also be included in the special assessment levy. These costs generally include the 1% collection fee of the County Tax Collector, a 1% service fee of the County Property Appraiser and a 4% discount for early payment of taxes. These additional costs may be reflected by dividing the annual debt service and maintenance assessment amounts by a factor of 0.94. In the event the special assessments are direct billed, then the collection costs and discounts may not apply.
FINANCING STRUCTURE
The construction program and the costs associated with the Assessment Area One Project within Unit No. 13 are identified herein on Table A.
All or a portion of the capital improvements comprising the Assessment Area One Project is assumed to be financed by the Series 2025 Bonds which, when issued, will be payable from and secured by the Series 2025 Assessments levied annually against all assessable properties within Assessment Area One within Unit No. 13 in the District. Based on the current market conditions the total aggregate principal amount of the Series 2025 Bonds ($2,145,000) for Unit No. 13 is shown herein on Table B. The proceeds of the Series 2025 Bonds will provide a maximum of approximately $1,877,309 for construction related costs. The sizing of the Series 2025 Bonds is assumed to include a debt service reserve fund equal to 25% of the maximum annual debt service requirement as shown herein on Table B.
MODIFICATIONS, REVISIONS AND TRUE-UP MECHANISM
Allocation of costs and debt, shown herein on Table C and Table D, for the infrastructure improvements financed by the District for the Assessment Area One Project is initially based on the estimated number of product types and residential dwelling units (146) projected to be constructed within Assessment Area One within Unit No. 13 in the District and benefited by the infrastructure
4

improvements comprising the Assessment Area One Project. Based on a Series 2025 Bond size of
$2,145,000 at an interest rate of 5.37% the annual debt service on the Series 2025 Bonds will be approximately $145,031 which has not been grossed up to include the 1% County Tax Collector fee, 1% County Property Appraiser fee, and 4% discount for early payment of taxes.
To ensure that each platted parcel or unit is assessed no more than their pro-rata amount of the annual debt service shown in Table E and Table F, the District will be required to perform a “true-up” analysis, which requires a computation at the time of submission of each plat or re-plat to determine the potential remaining assessable units. The District shall, at the time a plat or re-plat is submitted to the City and/or County:
Assume that the total number of ERUs relative to the Assessment Area One Project is at least 102.20.
Ascertain the number of assessable residential parcels/lots in the plat (unrecorded at this time) or re-plat and any prior plats (“Planned Assessable Units/Lots”) and total amount of ERUs associated with such Planned Assessable Units/Lots.
Ascertain the current amount of potential remaining assessable parcels/lots (“Remaining Assessable Units/Lots,” and together with the Planned Assessable Units/Lots, the “Total Assessable Units/Lots”) and total number of ERUs associated with the Remaining Assessable Units/Lots.
If the ERUs associated with the Total Assessable Units/Lots are equal to 102.20 then no action would be required at that time. However, if the sum of the ERUs associated with the Total Assessable Units/Lots are less than 102.20, then the Developer will be obligated to remit to the District an amount of money sufficient to enable the District to retire an amount of proposed Series 2025 Bonds such that the amount of debt service allocated to each ERU associated with the Total Assessable Units/Lots does not exceed the amounts set forth in Table D. Conversely, if the sum of the ERUs associated with the Total Assessable Units/Lots are more than 102.20 after the filing of the final plat for Assessment Area One, then the District shall equitably reallocate the assessments resulting in a reduction in the par debt allocations per unit type set forth in Table D.
All assessments levied run with the land. A determination of a true-up payment shall be at the sole discretion of the District. It is the responsibility of the landowner of record to make any required true-up payments that are due including any accrued interest. The District will not release any liens on the property for which true-up payments are due until provision for such payment has been satisfied. It is recommended that the true-up mechanism be formalized in an agreement between the District and the Developer.
In the event that additional land is annexed into Unit No. 13 which is currently not subject to the Series 2025 Assessments and is developed in such a manner as to receive special benefit from the Assessment Area One Project described herein, it will be necessary for this assessment methodology to be re-applied to include such parcels. The additional land will, as a result of re-applying this allocation methodology, then be allocated an appropriate share of the Series 2025 Assessments while all currently assessed parcels will receive a relative reduction in their Series 2025 Assessments.
PRELIMINARY ASSESSMENT ROLL
The debt assessments associated with the District’s improvement plan will be assigned to the 146 platted townhome lots in Assessment Area One.

ADDITIONAL STIPULATIONS
Certain financing, development, and engineering data was provided by members of District staff and/or the Developer. The allocation methodology described herein was based on information provided by those professionals. Special District Services, Inc. makes no representations regarding said information transactions beyond restatement of the factual information necessary for compilation of this First Supplemental Report.
Special District Services, Inc. does not represent the District as a Municipal Advisor or Securities Broker nor is Special District Services, Inc. registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, Special District Services, Inc. does not provide the District with financial advisory services or offer investment advice in any form.

****************

TABLE A PROJECT COST ESTIMATES
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Village K)

Master Infrastructure

Village K

Total

COLLECTOR AND ARTERIAL ROADS	$	31,000,000		$	-		$ 31,000,000	

WASTEWATER TREATMENT PLANT	$	3,300,000		$	-		$ 3,300,000	

WATER TREATMENT PLANT	$	2,800,000		$	-		$ 2,800,000	

MASTER IRRIGATION	$	300,000		$	550,000		$	850,000	

PARKS/TRAIL/GOVERNMENT	$	4,400,000		$	-		$ 4,400,000	

CONSULTANTS AND ADMINISTRATION	$	6,270,000		$	652,500		$ 6,922,500	

EARTHWORK	$	-		$	500,000		$	500,000	

DRAINAGE AND STORMWATER	$	-		$ 1,700,000		$ 1,700,000	

POTABLE WATER	$	-		$	550,000		$	550,000	

WASTEWATER	$	-		$ 1,050,000		$ 1,050,000	

Total	$	48,070,000		$ 5,002,500		$ 53,072,500	

TABLE B BOND SIZING
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Assessment Area One)

BOND SIZING	

Par Amount	$	2,145,000	
			
Original Issue Discount	$	(8,008)	
			
Debt Service Reserve Fund (DSRF)	$	(36,258)	
			
Capitalized Interest	$	-	
			
Issuance Costs	$	(223,425)	
			
Construction Funds	$	1,877,309	
			
Bond Interest Rate		5.37%	
			
Principal Amortization Period (Years)		30	

TABLE C ALLOCATION OF PROJECT COSTS
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Assessment Area One)

Product	Number of Units
by Type	
ERU Factor*	Total ERUs	Project Cost Allocation Per
Type	Project Cost Allocation Per
Unit*	
Townhomes	146	0.70	102.20	$	5,002,500	$	34,264	
Total	146	N/A	102.20	$	5,002,500	N/A	
*Rounded

TABLE D ALLOCATION OF BOND DEBT
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Assessment Area One)

Product	Number of Units
by Type	
ERU Factor*	Total ERUs	Bond Debt Allocation Per
Unit Type*	Bond Debt Allocation Per
Unit*	
Townhomes	146	0.70	102.20	$	2,145,000	$	14,692	
Total	146	N/A	102.20	$	2,145,000	N/A	
*Rounded

TABLE E

CALCULATION OF ANNUAL DEBT SERVICE

WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Assessment Area One)

2025 Series
Bond Debt

1 Maximum Annual Debt Service	$	145,031.25		
			
2 Maximum Annual Debt Service Assessment to be Collected	$	154,288.56	*	
			
3 Total Number of Gross Acres (Assessment Area One)	22.51		
			
4 Maximum Annual Debt Service per Gross Acre (Assessment Area One)	$6,854.22		
			
5 Total Number of Residential Units Planned (Assessment Area One)	146		
			
6 Maximum Annual Debt Service per Unit Type	See Table F		

*Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes.

TABLE F

ALLOCATION OF DEBT SERVICE ASSESSMENTS

WEST VILLAGES IMPROVEMENT DISTRICT UNIT 13
(Assessment Area One)

Product	Number of Units	by Type	
ERU Factor*	
Total ERUs	**Maximum Annual Debt Assessment Per
Unit Type*	**Maximum Annual Debt Assessment Per
Unit*	
Townhomes	146	0.70	102.20	$	154,289	$	1,057	
TOTAL	146	N/A	102.20	$	154,289	N/A	
*Rounded
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes.

Folio ID#'s and/or Parcel Plat Description	Developable Acreage by Parcel	**Maximum
Annual Debt Assessment Per Acre/Unit*	Par Debt Per Acre	
Total Par Debt	
Gross Acreage	22.51	$	6,854.22	$	95,290.98	$	2,145,000.00	
TOTALS		N/A	N/A	$	2,145,000.00	
*Rounded
**Grossed up to include 1% collection fee of the County Tax Collector, 1% service fee of the County Property Appraiser and 4% for early payment of taxes.

Legal Description

West Villages Improvement District Unit of Development No. 13 Assessment Area One

Lots 1001-1006; 1101-1104; 1201-1206; 1301-1306; 1401-1406; 1501-1506; 1601-1606; 1701-
1706; 1801-1806; 1901-1906; 2001-2006; 2101-2106; 2201-2206; 2301-2306; 2401-2406; 2501-
2506; 2601-2604; 2701-2704; 2801-2804; 2901-2906; 3001-3006; 3101-3104; 3201-3204; 3301-
3306; 3401-3406; 3501-3504; 3601-3604, Wellen Park Village K, according to the Plat thereof, as recorded in Plat Book 59 Pages 250 through 256 of the Public Records of Sarasota County, Florida.

Village K Legal Description

FOLIO	LEGAL DESCRIPTION	LOT TYPE	
0811030001	LOT 1001, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030002	LOT 1002, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030003	LOT 1003, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030004	LOT 1004, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030005	LOT 1005, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030006	LOT 1006, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030007	LOT 1101, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030008	LOT 1102, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030009	LOT 1103, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030010	LOT 1104, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030011	LOT 1201, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030012	LOT 1202, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030013	LOT 1203, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030014	LOT 1204, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030015	LOT 1205, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030016	LOT 1206, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030017	LOT 1301, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030018	LOT 1302, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030019	LOT 1303, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030020	LOT 1304, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030021	LOT 1305, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030022	LOT 1306, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030023	LOT 1401, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030024	LOT 1402, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030025	LOT 1403, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030026	LOT 1404, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030027	LOT 1405, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030028	LOT 1406, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030029	LOT 1501, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030030	LOT 1502, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030031	LOT 1503, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030032	LOT 1504, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030033	LOT 1505, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030034	LOT 1506, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030035	LOT 1601, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030036	LOT 1602, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030037	LOT 1603, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030038	LOT 1604, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030039	LOT 1605, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030040	LOT 1606, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030041	LOT 1701, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030042	LOT 1702, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030043	LOT 1703, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030044	LOT 1704, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030045	LOT 1705, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030046	LOT 1706, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030047	LOT 1801, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030048	LOT 1802, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030049	LOT 1803, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	

Village K Legal Description

FOLIO	LEGAL DESCRIPTION	LOT TYPE	
0811030050	LOT 1804, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030051	LOT 1805, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030052	LOT 1806, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030053	LOT 1901, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030054	LOT 1902, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030055	LOT 1903, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030056	LOT 1904, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030057	LOT 1905, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030058	LOT 1906, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030059	LOT 2001, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030060	LOT 2002, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030061	LOT 2003, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030062	LOT 2004, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030063	LOT 2005, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030064	LOT 2006, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030065	LOT 2101, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030066	LOT 2102, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030067	LOT 2103, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030068	LOT 2104, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030069	LOT 2105, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030070	LOT 2106, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030071	LOT 2201, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030072	LOT 2202, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030073	LOT 2203, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030074	LOT 2204, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030075	LOT 2205, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030076	LOT 2206, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030077	LOT 2301, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030078	LOT 2302, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030079	LOT 2303, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030080	LOT 2304, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030081	LOT 2305, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030082	LOT 2306, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030083	LOT 2401, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030084	LOT 2402, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030085	LOT 2403, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030086	LOT 2404, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030087	LOT 2405, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030088	LOT 2406, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030089	LOT 2501, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030090	LOT 2502, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030091	LOT 2503, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030092	LOT 2504, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030093	LOT 2505, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030094	LOT 2506, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030095	LOT 2601, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030096	LOT 2602, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030097	LOT 2603, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030098	LOT 2604, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	

Village K Legal Description

FOLIO	LEGAL DESCRIPTION	LOT TYPE	
0811030099	LOT 2701, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030100	LOT 2702, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030101	LOT 2703, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030102	LOT 2704, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030103	LOT 2801, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030104	LOT 2802, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030105	LOT 2803, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030106	LOT 2804, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030107	LOT 2901, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030108	LOT 2902, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030109	LOT 2903, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030110	LOT 2904, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030111	LOT 2905, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030112	LOT 2906, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030113	LOT 3001, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030114	LOT 3002, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030115	LOT 3003, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030116	LOT 3004, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030117	LOT 3005, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030118	LOT 3006, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030119	LOT 3101, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030120	LOT 3102, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030121	LOT 3103, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030122	LOT 3104, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030123	LOT 3201, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030124	LOT 3202, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030125	LOT 3203, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030126	LOT 3204, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030127	LOT 3301, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030128	LOT 3302, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030129	LOT 3303, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030130	LOT 3304, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030131	LOT 3305, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030132	LOT 3306, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030133	LOT 3401, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030134	LOT 3402, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030135	LOT 3403, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030136	LOT 3404, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030137	LOT 3405, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030138	LOT 3406, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030139	LOT 3501, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030140	LOT 3502, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030141	LOT 3503, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030142	LOT 3504, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030143	LOT 3601, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030144	LOT 3602, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030145	LOT 3603, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	
0811030146	LOT 3604, VILLAGE K TOWNHOMES, PB 59 PG 250-256	Townhome	

RESOLUTION 2025-44

A RESOLUTION OF THE WEST VILLAGES IMPROVEMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S CAPITAL IMPROVEMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 13), SERIES 2025 (ASSESSMENT AREA ONE); CONFIRMING THE DISTRICT’S PROVISION OF INFRASTRUCTURE IMPROVEMENTS AND CONFIRMING A MASTER ENGINEER’S REPORT; CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2025 BONDS; 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

WHEREAS, the West Villages Improvement District (the “District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public infrastructure improvements within Unit of Development No. 13 within the District (the “Unit No. 13”), including those within “Assessment Area One” within Unit No. 13, and to finance such improvements through the imposition of special assessments on benefitted property within Unit No. 13 and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (the “Board”) has previously adopted, after notice and public hearing, Resolution 2025-33, relating to the imposition, levy, collection and enforcement of such special assessments; and
WHEREAS, pursuant to and consistent with the terms of Resolution 2025-33, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed with a series of bonds and the terms of the bond issue; and

WHEREAS, on November 25, 2025, the District entered into a Bond Purchase Contract whereby it agreed to sell its $2,145,000 Capital Improvement Revenue Bonds (Unit of Development No. 13), Series 2025 (Assessment Area One) (the “Series 2025 Bonds”); and
WHEREAS, pursuant to and consistent with Resolution 2025-33, the District desires to set forth the particular terms of the sale of the Series 2025 Bonds and confirm the lien of the special assessments securing the Series 2025 Bonds (the “Series 2025 Assessments”).

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT AS FOLLOWS:

1

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170 and 197, Florida Statutes, Chapter 2004-456, Laws of Florida, as amended, and Resolution 2025-33.

SECTION 2. FINDINGS. The Board of Supervisors of the West Villages Improvement District hereby finds and determines as follows:

On October 9, 2025, the District, after due notice and public hearing, adopted Resolution 2025-33, which, among other things, equalized, approved, confirmed and levied special assessments on property within Unit No. 13 benefitting from the infrastructure improvements authorized by the District. That Resolution provided that as each series of bonds was issued to fund all or any portion of the District’s infrastructure improvements within Unit No. 13, a supplemental resolution would be adopted to set forth the specific terms of the bonds and certifying the amount of the lien of the special assessments securing any portion of the bonds, including interest, costs of issuance, and the number of payments due, the True-Up amounts and the application of receipt of True-Up proceeds.

The final West Villages Improvement District Unit of Development No. 13 - Master Engineer’s Report, dated August 21, 2025, attached to this Resolution as Exhibit A (the “Engineer’s Report”), identifies and describes the presently expected components of the improvements benefitting Assessment Area One to be financed with the Series 2025 Bonds (the “Series 2025 Improvements”). The District hereby confirms that the Series 2025 Improvements serve a proper, essential and valid public purpose. The Engineer’s Report is hereby confirmed. The District ratifies its use in connection with the sale of the Series 2025 Bonds.
The First Supplemental Special Assessment Methodology Report Series 2025 Bonds – West Villages Improvement District Unit of Development No. 13, dated November 25, 2025, attached to this Resolution as Exhibit B (the “Supplemental Assessment Report”), applies the adopted Master Special Assessment Methodology Report – West Villages Improvement District Unit of Development No. 13, dated August 21, 2025, (the “Master Assessment Report”) to the actual terms of the Series 2025 Bonds. The Supplemental Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the Series 2025 Bonds.

The Series 2025 Improvements will specially benefit all of the developable, assessable acreage within Assessment Area One within Unit No. 13, as set forth in the Supplemental Assessment Report. It is reasonable, proper, just and right to assess the portion of the costs of the Series 2025 Improvements financed with the Series 2025 Bonds to such specially benefited properties within the District as set forth in Resolution 2025-33 and this Resolution.

SECTION 3. CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
SERIES 2025 BONDS. As provided in Resolution 2025-33, this Resolution is intended to set forth the terms of the Series 2025 Bonds and the final amount of the lien of the special assessments securing those bonds. The Series 2025 Bonds, in a par amount of $2,145,000 shall bear such rates of interest and maturity as shown on Exhibit C attached hereto. The final payment on the Series 2

2025 Bonds shall be due on May 1, 2055. The sources and uses of funds of the Series 2025 Bonds shall be as set forth in Exhibit D. The debt service due on the Series 2025 Bonds is set forth on Exhibit E attached hereto. The lien of the special assessments securing the Series 2025 Bonds on all assessable, developable land within Assessment Area One within Unit No. 13 shall be the principal amount due on the Series 2025 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING SERIES 2025 BONDS.

The special assessments for the Series 2025 Bonds shall be allocated in accordance with Exhibit B which allocation shall initially be distributed on an equal-acreage basis on the undeveloped lands within Assessment Area One within Unit No. 13 in accordance with the Supplemental Assessment Report. The Supplemental Assessment Report is consistent with the District’s Master Assessment Methodology. The Supplemental Assessment Report, considered herein, reflects the actual terms of the issuance of the District’s Series 2025 Bonds. The estimated costs of collection of the special assessments for the Series 2025 Bonds are as set forth in the Supplemental Assessment Report.

The lien of the special assessments securing the Series 2025 Bonds includes all developable, assessable land within Assessment Area One within Unit No. 13 and as such land is ultimately defined and set forth in site plans, plats or other designations of developable acreage. To the extent land is added to Assessment Area One, the District may, by supplemental resolution, determine such land to be benefited by the Series 2025 Improvements and reallocate the special assessments securing the Series 2025 Bonds and impose special assessments on the newly added and benefited property.
Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture and First Supplemental Trust Indenture, dated December 1, 2025, the District shall begin annual collection of special assessments for the Series 2025 Bonds debt service payments using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected on Exhibit E.

The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Sarasota County for collection and other Florida law. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Sarasota County Tax Collector and Sarasota County Property Appraiser, to collect the Series 2025 Assessments using the Uniform Method in Chapter 197, Florida Statutes. 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 District Manager is further directed and authorized to take all actions necessary to collect any prepayments of debt as and when due.

3

SECTION 5. APPLICATION OF TRUE-UP PAYMENTS. Pursuant to Resolution 2025-33, there may be required from time to time certain True-Up payments. As lands are replatted or site plans are approved within Assessment Area One, the special assessments securing the Series 2025 Bonds shall be allocated to the replatted lands as set forth in Resolution 2025-33, this Resolution, and the Supplemental Assessment Report, including, without limitation, the application of the True-Up process set forth in Section 8 of Resolution 2025-33. Based on the final par amount of $2,145,000 in Series 2025 Bonds, the True-Up calculations will be made in accordance with the process set forth in the Supplemental Assessment Report. The District shall apply all True-Up payments related to the Series 2025 Bonds only to the credit of the Series 2025 Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the First Supplemental Trust Indenture governing the Series 2025 Bonds.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel 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 7. OTHER PROVISIONS REMAIN IN EFFECT. This Resolution is
intended to supplement Resolution 2025-33, which remains in full force and effect. This Resolution and Resolution 2025-33 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.
SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Unit of Development No. 13 Series 2025 Special Assessments securing the Series 2025 Bonds in the Official Records of Sarasota County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. 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 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

4

APPROVED and ADOPTED this 3rd day of December, 2025.

ATTEST:	WEST VILLAGES
IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: West Villages Improvement District Unit of Development No. 13 - Master Engineer’s Report, dated August 21, 2025
Exhibit B:  First Supplemental Special Assessment Methodology Report Series 2025 Bonds – West Villages Improvement District Unit of Development No. 13, dated November 25, 2025
Exhibit C:   Maturities and Coupon of Series 2025 Bonds
Exhibit D:   Sources and Uses of Funds for Series 2025 Bonds
Exhibit E:   Annual Debt Service Payment Due on Series 2025 Bonds

5

Exhibit A

West Villages Improvement District Unit of Development No. 13 - Master Engineer’s Report,
dated August 21, 2025

West Villages Improvement District

Unit of Development No. 13 Master Engineer’s Report
August 21, 2025

Stantec Consulting Services Inc.

Prepared for:
West Villages Improvement District
19503 S. West Villages Parkway Suite #A3 Venice, Florida 34293

Phone: 941.244.270

Prepared by:
Stantec Consulting Services Inc.
777 S Harbour Island Blvd, Suite 600

Submittal to:	West Villages Improvement District

19503 S. West Villages Parkway Suite #A3 Venice, Florida 34293
Phone: 941.244.2703

Project/File: 238202271

Tampa, FL 33602

Page 61

Table of Contents
General	3
Purpose and Scope	3
Lands in Unit of Development No. 13	3
Existing Conditions	4
Topography	4
Soil and Vegetation	4
Land Use and Zoning	5
Infrastructure Plans	5
Public Infrastructure Improvements	5
Permitting	5
Estimated Costs of Improvements	6
Maintenance Responsibilities	7
Public Infrastructure Improvements	7
Summary and Conclusion	8
Engineer’s Certification	8
List of Tables
Table 3.1 Land Use Summary	3
Table 3.2 Lot Types	4
Table 5.1 Permitting Status	6
Table 5.2 Estimated Costs of Improvements	6
List of Exhibits
Aerial Location Map
Unit 13 Sketch & Legal Description

General
The West Villages Improvement District (“WVID”) was created by and operates under Chapter 2004-456, Laws of Florida, as amended (the “Act”) and operates pursuant to the Act and applicable provisions of Chapter 298, Florida Statutes (F.S.), and other Florida law. WVID was created to construct, operate, and maintain public works and utilities including water, sewer, drainage, irrigation, water management, parks, recreational facilities, roadway, or related activities, as more particularly described in the Act.

Purpose and Scope
The purpose of this Master Engineer’s Report (“Report”) is to present the nature and extent of the improvements that may be constructed or acquired by WVID for and on behalf of the Unit of Development No. 13 (“Unit No. 13” or “Project”). These improvements will thereafter be owned, operated, and/or maintained by either WVID or another legally empowered governmental entity.
This Report generally describes the existing land within Unit No. 13, the proposed public infrastructure improvements, the determination of estimated probable construction costs and recommendations. This Report is not intended to be used for exact representation or for construction purposes since detailed construction documents for all of the proposed improvements have not yet been finalized. The engineer has considered and, in specific instances, has relied upon the information and documentation prepared or supplied by others to prepare this Report.

Lands in Unit of Development No. 13
An Aerial Location Map showing the location of Unit No. 13 is included as Exhibit A. The legal description(s) and sketch(es) are included as Exhibit B and reflect the lands included in Unit No. 13. These lands total approximately 214.93 acres. A land use summary is presented in Table 1.1.
Table 3.1 Land Use Summary

LAND USE SUMMARY	
LAND USE	UNIT AREA (AC)	
BRIGHMORE EAST		
Brightmore East	131.05	
Village G2 Townhomes	55.29	
Village K Townhomes	22.51	
WVID Right-of-Ways	6.08	
TOTAL	214.93	

The remainder of this page has been left intentionally blank.

Table 3.2 Lot Types

UNIT TYPE SUMMARY	
UNIT TYPE	Brightmore East	Village G2 Townhomes	Village K Townhomes	NUMBER OF UNITS	
Townhome	-	140	146	286	
Coach	294	-	-	294	
TOTAL	294	140	146	580	

Existing Conditions
Topography
The area within Unit No. 13 is relatively flat with site elevations ranging from approximately nine (9) feet to fifteen (15) feet. The land within Unit No. 13 is primarily undeveloped pasture and rangelands, upland pine flatwood, and wetlands.

Soil and Vegetation
Based on the 1991 Soil Survey of Sarasota County, Florida, prepared by the United States Department of Agriculture (USDA) Soil Conservation Service (SCS), the predominant surficial soil types within Unit No. 13 are identified as SCS Soil No. 10, EauGallie and Myakka Fine Sands, SCS Soil No. 22, Holopaw fine sand, SCS Soil No. 31, Pineda Fine Sand, and Pople Fine Sand. SCS Soil No. 10 is a nearly level, poorly drained soil that can be made up entirely of EauGallie and similar soils, entirely Myakka and similar soils, or a combination of EauGallie, Myakka and other soils. Typically, the EauGallie soil has a surface layer of black fine sand with a subsurface layer of gray fine sand to a depth of about 22 inches. The surface layer of the Myakka soil is typically dark grayish brown fine sand about 6 inches thick while the subsurface layer is light gray fine sand about 18 inches thick. Pineda Fine Sand is a nearly level, poorly drained soil. Typically, the surface and subsurface layers are grey fine sands totaling approximately 22-inches thick.
The subsoil consists of an upper layer of 14-inches of brown fine sand and a lower layer of 12-inches of mottled, light brownish gray fine sandy loam. Pople Fine Sand is nearly level, poorly drained soil on low hammocks and in poorly defined drainageways and broad sloughs. Typically, the surface layer is very dark grayish brown fine sand approximately four (4) inches thick. The subsurface layer is light brownish gray fine sand approximately three (3) inches thick. The subsoil is brown and brownish yellow fine sand in the upper 21-inches and gray fine sandy loam in the lower 28-inches.
The property within Unit No. 13 currently consists of various vegetative communities comprised of both upland and wetland habitats. Several of the vegetation communities have been modified due to onsite agricultural activities including ditching and fire suppression. Areas that were historically extensive open forests or wiregrass prairies have since become heavily forested or have been cleared for cattle grazing and commercial nursery. Extensive ditching has also altered the hydrology of several of the wetland systems onsite, particularly where the ditches bisect wetlands or are adjacent to wetlands.

Land Use and Zoning
Unit No. 13 is located within The City of North Port, Florida (“City”). The zoning for Unit No. 13 is Mixed Use Residential. The plans for the Unit No. 13 projects are currently being designed and prepared for development review and approval with the City. Some approvals from the permitting agencies and City have been obtained and listed in table 5.2. It is expected that the City will approve uses compatible with the adopted Comprehensive Land Use Plan (“CLUP”).

Infrastructure Plans
Public Infrastructure Improvements
WVID has formed Unit No. 13 to finance infrastructure design and construction to provide public infrastructure for Unit No. 13 and its ultimate property owners.
The improvements for Unit No. 13 will be consistent with the CLUP and implementing ordinances, studies, plans, and may include:
Public roadways, including thoroughfares, arterial, collector, or local streets;
Drainage and stormwater improvements;
Water and sewer facilities;
Irrigation facilities;
Public roadway landscape, lighting, signage, and furnishings;
Entry features; and
Consulting and contingencies.

Access to the Project will be provided via River Road, U.S. 41, West Villages Parkway, Preto Boulevard, Manasota Beach Road, and Playmore Drive. Potable water and sanitary sewer services will be provided by the City of North Port.

Permitting
Required permits, approved and proposed, are summarized in Table 5.1. It is our opinion that there are no existing technical reasons that would prohibit the permitting and construction of the planned infrastructure, subject to continued compliance with agency criteria and conditions of the already approved plans and permits.
Permits necessary to complete the Unit No. 13 project have either been obtained as described below, or in our opinion, are obtainable from the permitting agencies, subject to reasonable, normal, and customary permit conditions.
The remainder of this page has been left intentionally blank.

Table 5.1 Permitting Status

PERMITTING STATUS	
PERMIT	PERMIT NUMBERS	DATE APPROVED	
Brightmore East (Village G)			
SWFWMD ERP	906099/32522.156	TBD	
CONP INF – Construction Permit	TBD	TBD	
CONP PSDP – Construction Permit	PSDP-24-00000199	05/29/2025	
Florida Department of Environmental Protection (FDEP) Water Permit Public Water System (PWS)	TBD	TBD	
FDEP Wastewater Permit (WW)	TBD	TBD	
Village G2 Townhomes			
SWFWMD ERP – Wetland Determination	883197/32522.134	08/06/2024	
SWFWMD ERP	TBD	TBD	
CONP INF – Construction Permit	TBD	TBD	
CONP SCP – Construction Permit	TBD	TBD	
Florida Department of Environmental Protection (FDEP) Water Permit Public Water System (PWS)	TBD	TBD	
FDEP Wastewater Permit (WW)	TBD	TBD	
Village K Townhomes	TBD	TBD	
SWFWMD ERP	909682 / 43032522.150	05/13/2025	
SWFWMD ERP Modification	920201 / 43032522.159	07/13/2025	
CONP INF – Construction Permit	TBD	TBD	
CONP PSDP – Construction Permit	PSDP-25-00253	04/18/2025	
Florida Department of Environmental Protection (FDEP) Water Permit Public Water System (PWS)	0208589-299-DSGP	04/30/2025	
FDEP Wastewater Permit (WW)	CS58-4460275	05/27/2025	

Estimated Costs of Improvements
Table 5.2 lists the components of the planned improvements for the Project, together with their estimated costs of design and construction. The table also includes an estimate of administrative; consulting, engineering, legal and other fees, and contingencies associated with the improvements.
Table 5.2 Estimated Costs of Improvements

ESTIMATED COSTS OF IMPROVEMENTS	
IMPROVEMENTS	ESTIMATED COSTS	
Master Improvements		
Collector and Arterial Roads (See Note 1)	$31,000,000.00	
Wastewater Treatment Plant (Pro Rata Share – See Notes 2 and 3)	$3,300,000.00	
Water Treatment Plant (Pro Rata Share – See Notes 2 and 3)	$2,800,000.00	
Master Irrigation	$300,000.00	
Parks/Trail/Government	$4,400,000.00	
Consultants and Administration (15%)	$6,270,000.00	
Subtotal	$48,070,000.00	

Brightmore East (Village G)		
Earthwork	$1,250,000.00	
Drainage and Stormwater	$4,250,000.00	
Potable Water	$1,375,000.00	
Wastewater	$2,625,000.00	
Consultants and Administration (15%)	$1,425,000.00	
Subtotal	$10,925,000.00	
Village G2 Townhomes		
Earthwork	$1,000,000.00	
Drainage and Stormwater	$2,550,000.00	
Potable Water	$825,000.00	
Wastewater	$1,575,000.00	
Consultants and Administration (15%)	$892,500.00	
Subtotal	6,842,500.00	
Village K Townhomes		
Earthwork	$500,000.00	
Drainage and Stormwater	$1,700,000.00	
Potable Water	$550,000.00	
Wastewater	$1,050,000.00	
Roadway	$550,000.00	
Consultants and Administration (15%)	$652,500.00	
Subtotal	$5,002,500.00	
TOTAL	$70,840,000.00	
Note 1 – Roadway costs include roads, potable water, sanitary sewer, irrigation, drainage, landscaping, and street lighting. Note 2 – Costs of the wastewater treatment plant and water treatment plant are Unit No. 13’s estimated pro-rata share of the plant’s usage.
Note 3 – Costs are rounded to the nearest $1 million.

Maintenance Responsibilities
Public Infrastructure Improvements
Maintenance and operational responsibilities of the Unit No. 13 project will include the following:
Maintenance and operation of the potable water and sanitary sewer systems will be the responsibility of the City;
Maintenance and operation of the stormwater management system will be the responsibility of the WVID;
Maintenance and operation of the collector and arterial roadway, sidewalk, and landscaping improvements will be the responsibility of WVID, City or the Florida Department of Transportation (FDOT) depending on the ownership of the road; and
Maintenance of parks or government projects will be the responsibility of the WVID or the City.

Summary and Conclusion
The improvements, as outlined, are necessary for the functional development of the Project, which are being designed in accordance with current governmental regulatory requirements. The Project will serve its intended function, provided the construction is in substantial compliance with the design. Items of construction for the Project are based upon current development plans.

Engineer’s Certification
It is our professional opinion that the infrastructure costs provided herein for the WVID improvements for the Project are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and add value to the WVID. These estimated costs are based upon current prices for similar items of work in southwest Florida and expected inflation in the future. Actual costs may vary based on final engineering, planning, and approvals from regulatory agencies.

I hereby certify that the foregoing is a true and correct copy of the Engineer’s Report for the Project within the boundaries of the WVID.

Giacomo Licari, P.E.

Florida Registration No. 72415

Exhibits

Page 69

Appendix A - Exhibits

Appendix A - Exhibits
Aerial Location Map

A-1
C:\Users\glicari\DC\ACCDocs\Stantec Consulting\238202206_West_Villages_FY2025\Project Files\Unit 13\Eng Report\STN Master Engineer's Report (Unit No. 13).v2.docx
Page 70

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WESTVILLAGES IMPROVEMENTDISTRICT
Figure No.
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UNIT13 VILLAGE G & K EXHIBIT

The Contractor shall verify and be responsible for all dimensions. DO NOT scale the drawing - any errors or omissions shall be reported to Staniec without delay.
The Copyrights to all designs and drawings are the property of Staniec. Reproduction or use for any purpose

Stantec Consulting Services Inc.
777 S. Harbour Island Blvd. Suite 600 Tampa, Florida 33602	Tel. 813.223.9500

other than that authorized by Staniec

is Page 71

August. 2025
23820227

www.stantec.com	Fax. 813.223.0009 Certificate of Authorization #27013
FL Lie. # LC-C000l 70	1

Appendix A - Exhibits

Unit 13 –Sketch & Legal Description

A-2
C:\Users\glicari\DC\ACCDocs\Stantec Consulting\238202206_West_Villages_FY2025\Project Files\Unit 13\Eng Report\STN Master Engineer's Report (Unit No. 13).v2.docx

SKETCH OF DESCRIPTION

THAT PART OF LANDS LYING IN SECTIONS 3, 4, 9 & 10, TOWNSHIP 40 SOUTH, RANGE 20 EAST, SARASOTA COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE NORTHEAST CORNER OF SECTION 4, TOWNSHIP 40 SOUTH, RANGE 20 EAST;

THENCE NORTH 89°39'52" WEST, A DISTANCE OF 50.00 FEET TO THE EASTERLY BOUNDARY OF WELLEN PARK VILLAGE E, AS RECORDED IN PLAT BOOK 55, PAGE 401;

THENCE SOUTH 00°24'59" WEST, PARALLEL WITH THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 4, A DISTANCE OF 637.89 FEET TO THE POINT OF BEGINNING;

THENCE SOUTH 00°24'59" WEST, CONTINUING ALONG SAID PARALLEL LINE, A DISTANCE OF 2,288.85 FEET TO A POINT BEARING NORTH 89°21'22" WEST, A DISTANCE OF 50.00 FEET FROM THE SOUTHEAST CORNER OF SAID NORTHEAST QUARTER OF SECTION 4;

PLOT DATE: 8/13/25 AT 5:45 PM
FILE PATH: E:\_PROJECTS\250061 - WELLEN PARK – WVID CONVEYANCE\10 - SURVEY\OFFICE\_CAD\25XXXX - UNIT 13 S&D\25XXXX - WVID UNIT 13 S&D

THENCE SOUTH 00°25'05" WEST, PARALLEL WITH THE EAST LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 4, A DISTANCE OF 672.85 FEET;

THENCE SOUTH 89°20'28" EAST, A DISTANCE OF 2,484.40 FEET TO THE WESTERLY RIGHT-OF-WAY LINE OF SOUTH RIVER ROAD ACCORDING TO THE WARRANTY DEED RECORDED IN INSTRUMENT NO. 2008060371;

THENCE SOUTH 00°28'30 ” WEST, A DISTANCE OF 2,069.40 FEET ALONG LAST SAID WEST LINE TO THE INTERSECTION OF THE SOUTHERLY LINE OF MANASOTA BEACH ROAD, MANASOTA BEACH RANCHLANDS PLAT NO. 1 AS RECORDED IN PLAT BOOK 55, PAGE 367, BEING THE NORTHEASTERLY MOST CORNER OF VILLAGE K TOWNHOMES AS RECORDED IN PLAT BOOK 59, PAGE 250;

THENCE NORTH 89°17'37 ” WEST, ALONG SAID SOUTH RIGHT-OF-WAY LINE, A DISTANCE OF 202.05 FEET; THENCE SOUTH 00°42'23 ” WEST, A DISTANCE OF 47.41 FEET TO A POINT OF CURVATURE;
THENCE ALONG SAID TANGENT CURVE TO THE LEFT, HAVING A RADIUS OF 100.00 FEET, A CENTRAL ANGLE OF
90°13'54", AN ARC LENGTH OF 157.48 FEET, A CHORD OF WHICH BEARS SOUTH 44°24'33" EAST, A DISTANCE OF
141.71 FEET TO A TANGENT LINE;

THENCE SOUTH 89°31'30 ” EAST, A DISTANCE OF 102.24 FEET RETURNING TO SAID WESTERLY RIGHT-OF-WAY LINE OF SAID SOUTH RIVER ROAD;

THENCE SOUTH 00°28'30" WEST, A DISTANCE OF 616.00 FEET ALONG SAID WESTERLY RIGHT-OF-WAY LINE; THENCE NORTH 89°31 ”30 WEST, A DISTANCE OF 255.25 FEET TO A POINT OF CURVATURE;
THENCE ALONG SAID TANGENT CURVE TO THE LEFT, HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE OF
90·00'00", AN ARC LENGTH OF 39.27 FEET, A CHORD OF WHICH BEARS SOUTH 45°28'30" WEST, A DISTANCE OF
35.36 FEET TO A TANGENT LINE;

THENCE SOUTH 00°28'30 ” WEST, A DISTANCE OF 101.80 FEET; THENCE NORTH 89°17'37 ” WEST, A DISTANCE OF 419.76 FEET; THENCE NORTH 69°38'16" WEST, A DISTANCE OF 580.51 FEET;
THENCE NORTH 15°02'48" WEST, A DISTANCE OF 821.81 FEET TO THE NORTH RIGHT-OF-WAY LINE OF SAID MANASOTA BEACH ROAD BEING A POINT ON A NON-TANGENT CURVE;

LEGAL DESCRIPTION CONTINUED ON SHEET 2...

IVI  L  EN

IN EE	IN

LICENSED BUSINESS #8640

-

12260 EVERGLOW DRIVE

SUITE A6

VENICE, FL 34293
P: 630.598.0007 WWW.CAGECIVIL.COM

PROJ NO: 250061

DRAWN:

GDP

DATE : 08/13/2025
SHEET NUMBER

1

OF

3

SKETCH OF DESCRIPTION

THENCE ALONG SAID NON-TANGENT CURVE TO THE LEFT, HAVING A RADIUS OF 2,265.00 FEET, A CENTRAL ANGLE OF 25°48'51'', AN ARC LENGTH OF 1,020.48 FEET, THE CHORD OF WHICH BEARS SOUTH 67°45'18" WEST, A DISTANCE OF 1,011.87 FEET ALONG LAST SAID RIGHT-OF-WAY TO A TANGENT LINE;

THENCE	SOUTH	54·50'52"	WEST,	A DISTANCE	OF 761.16 FEET ALONG LAST SAID RIGHT-OF-WAY;	
THENCE	NORTH	08°20'04"	WEST,	A DISTANCE	OF 337.43;	
THENCE	NORTH	09°03'48"	EAST,	A DISTANCE	OF 626.79 FEET;	
THENCE	NORTH	17°10'53"	WEST,	A DISTANCE	OF 417.11 FEET;	
THENCE	NORTH	04·34'45"	EAST,	A DISTANCE	OF 220.46 FEET;	
THENCE	NORTH	21°28'54"	WEST,	A DISTANCE	OF 544.75 FEET;	
THENCE	NORTH	06°40'23"	EAST,	A DISTANCE	OF 413.04 FEET TO A POINT ON THE EASTERLY BOUNDARY OF	

PLOT DATE: 8/13/25 AT 5:47 PM
FILE PATH: E:\_PROJECTS\250061 - WELLEN PARK – WVID CONVEYANCE\10 - SURVEY\OFFICE\_CAD\25XXXX - UNIT 13 S&D\25XXXX - WVID UNIT 13 S&D

BRIGHTMORE AT WELLEN PARK PHASES 1A-1C, 2A, AND 3, AS RECORDED IN PLAT BOOK 56, PAGE 258; THENCE ALONG LAST SAID EASTERLY BOUNDARY FOR THE FOLLOWING THREE (3) COURSES:
NORTH 28°44'39" EAST, A DISTANCE OF 616.14 FEET;
NORTH 02°19'55" WEST, A DISTANCE OF 2,066.51 FEET;
NORTH 06°22'39" WEST, A DISTANCE OF 318.81 FEET;

THENCE NORTH 78°39'57 ” EAST, A DISTANCE OF 619.12 FEET TO THE POINT OF BEGINNING;

CONTAINING A CALCULATED AREA OF 9,362,396 SQUARE FEET, OR 214.9310 ACRES, MORE OR LESS.

GAVIN D. PUCKETT, P.S.M. LICENSED BUSINESS NO. 8640

IVI L EN

IN EE	IN

LICENSED BUSINESS #8640

-

AUGUST 13, 2025
DATE

12260 EVERGLOW DRIVE

SUITE A6

VENICE, FL 34293
P: 630.598.0007 WWW.CAGECIVIL.COM

PROJ NO: 250061

DRAWN:

GDP

DATE : 08/13/2025
SHEET NUMBER

2

OF

3

SKETCH OF DESCRIPTION

0	300'

600'

1" = 300' (HORIZONTAL)

NOTES:
THIS SKETCH DOES NOT REPRESENT A BOUNDARY SURVEY. THE PURPOSE OF THIS SKETCH IS TO DEPICT THE DESCRIPTION AS SHOWN HEREON.
BEARINGS SHOWN HEREON ARE BASED ON THE EAST LINE OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 40 SOUTH, RANGE 20 EAST, ASSUMED TO BEAR S 00°24'59" W.
DENOTES A CHANGE IN DIRECTION.

      S 00°28'30" W  2069.40'   	  	 

TRACT 902

TRACT 300

S 00°28'30" W 616.00'
TRACT 604

2804
2803
2802
2801

L2

2704
2703
2702
2701

L3

2901
2902
2903
2904
2905
2906
3001
3002
3003
3004
3005
3006
3101
3102
3103
3104
3201
3202
3203
3204

3501
3502
3503
3504
3601
3602
3603
3604

TRACT 900

3406
3405
3404
3403
3402
3401
3306
3305
3304
3303
3302
3301

TRACT 603

L4

C2

L5

TRACT 203

1506
1505
1504
1503
1502
1501
1406
1405
1404
1403
1402
1401
1306
1305
1304
1303
1302
1301
1206
1205
1204

TRACT 600

1203
1202
1201

1601
1602
1603
1604
1605
1606
1701
1702
1703
1704
1705
1706
1801
1802
1803
1804
1805

TRACT 200

1806

2106
2105
2104
2103
2102
2101
2006
2005
2004
2003
2002
2001
1906
1905
1904
1903
1902
1901

2201

TRACT 606

TRACT 500

L6

2202
2203
2204
2205
2206
2301
2302
2303
2304
2305
2306
2401
2402
2403
2404
2405
2406
2501
2502
2503
2504
2505
2506

S 89°20'28" E 2484.40'

TRACT 202

TRACT 700

TRACT 602

TRACT 500

TRACT 906

TRACT 603

TRACT 503

TRACT 201

TRACT 704

TRACT 507

TRACT 504

N 89°39'52" W 50.00'

S 00°24'59" W 637.89'

S 00°24'59" W 2691.31'

TRACT 509

TRACT 205

S 00°24'59" W 2053.15'

TRACT 200

S 00°25'05" W 672.85'

TRACT 701

TRACT 604
TRACT 505

TRACT 904

TRACT 510

TRACT 909

TRACT 901

TRACT 508
TRACT 702

TRACT 900

N06° 22' 39"W
318.81'

N 06°40'23" E 413.04'

TRACT 506

TRACT 601

N04° 34' 46"E
220.46'

TRACT 703

Page 75

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Page 76

Exhibit B

First Supplemental Special Assessment Methodology Report Series 2025 Bonds – West Villages Improvement District Unit of Development No. 13, dated November 25, 2025

Exhibit C

Maturities and Coupon of Series 2025 Bonds

Exhibit D

Sources and Uses of Funds for Series 2025 Bonds

Exhibit E

Annual Debt Service Payment Due on Series 2025 Bonds

Publication Date 2025-11-17

Subcategory Miscellaneous Notices

NOTICE OF SPECIAL BOARD MEETING WEST VILLAGES
IMPROVEMENT DISTRICT
Notice is hereby given that the Board of Supervisors (Board) of the West Villages Improvement District (District) will hold a Special Board Meeting (Meeting) on November 24, 2025, at 1:00 P.M. at the North Port Public Safety Building located at 19555 Preto Boulevard, Venice, Florida 34293 and via telephone communication.
The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for improvement districts. A copy of the agenda and information on how to access the telephone communication information for this meeting may be obtained by accessing the Districts website at www.westvillagesid.org or by contacting the office of the District Manager, Special District Services, Inc., located at 2501A Burns Road, Palm Beach Gardens, Florida 33410, (941) 244-2805, during normal business hours. This Meeting may be continued to a date, time, and place to be specified on the record at the meeting.
Note that the telephone communication is being provided by the District as a courtesy to members of the public who desire to listen to the meeting remotely, but attendees utilizing this telephone communication will not be able to participate in the meeting. Any person desiring to provide public comments at such meeting must attend in person.
There may be occasions when one or more Supervisors will participate by telephone. At the above location will be present a speaker telephone so that any interested person can attend the meeting and be fully informed of the discussions taking place either in person or by telephone communication. The meeting may be continued in progress without additional notice to a time, date, and location stated on the record Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this Meeting is asked to advise the District Office at least forty-eight (48) hours prior to the meeting by contacting the District Manager at 941-244-2805. 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.
Each person who decides to appeal any action taken at this Meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
William Crosley, District Manager West Villages Improvement District
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
Pub: Nov 17, 2025; #11840116