August 26, 2026

VillaMar CDD

Prepared by AMTEC

(Finance 8.500)

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2019 Acquisition & Construction Account

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2019 Reserve Account

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2019 Interest Account

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2019 Cost of Issuance Account

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2019 Rebate Computation Credits

Prepared by AMTEC

(Finance 8.901)

$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project) Acquisition & Construction Account

$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project) Interest Account

$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project)
Reserve Account

$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project)
Rebate Computation Credits

Docusign Envelope ID: B451DD20-7F6F-8F70-819B-F7AC2D963E09

Docusign Envelope ID: 8865FF53-B90E-853D-82C6-B1D0978B30B0

Docusign Envelope ID: 4231FEED-809A-4E83-864D-56A230806E26

Docusign Envelope ID: 6CFDA056-4C5E-4660-B24F-50F586E0E4E1

Adopted | Prorated Budget | Actual |
Budget | Thru 08/31/26 | Thru 08/31/26 | Variance

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

VillaMar
Community Development District
Long Term Debt Report

VillaMar Community Development District

Meeting Agenda September 23, 2026

-.	·-�-

VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
September 16, 2026

Board of Supervisors Meeting
VillaMar Community Development District
Dear Board Members:

A Board of Supervisors Meeting of the VillaMar Community Development District will be held Wednesday, September 23, 2026 at 11:00 AM at the Offices of PRIME Community Management, 375 Avenue A SE, Winter Haven, Florida 33880.

Zoom Video Join Link: https://us06web.zoom.us/j/88146441262
Call-In Information: 1-646-876-9923
Meeting ID: 881 4644 1262

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (Public Comments are limited to three (3) minutes each)
Approval of Minutes of the August 26, 2026 Board of Supervisors Meeting
Consideration of Resolution 2026-10 Directing Chairman and District Staff to File a Petition Amending District Boundaries
Consideration of Boundary Amendment Funding Agreement
Presentation of Arbitrage Rebate Reports from AMTEC
Series 2019 Project Bonds
Series 2023 Assessment Area 5 Project Bonds
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Maintenance Contract Renewals
Janitorial Maintenance Services
Renewal Increase Request Letter for FY 2027
Proposal for Pricing of Additional Services
Summary Breakdown of Services for FY 2027
Map of Waste Can Services Locations
Pool Maintenance Services
Consideration of Increase Request Letter
Pest Control Services
Consideration of Proposal for Additional Services
Landscape Maintenance Services Letter Regarding Continuing Fuel Surcharge
Consideration of Proposals for Stormwater Repairs (to be provided under separate cover)

District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES

MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the VillaMar Community Development District was held on Wednesday, August 26, 2026, at 11:00 a.m. at the Offices of PRIME Community Management, 375 Avenue A SE, Winter Haven, Florida.

Present and constituting a quorum:

Lauren Schwenk	Chairperson
Bobbie Shockley	Assistant Secretary
Emily Hazelrig	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Meredith Hammock by Zoom	District Counsel, KVW
Marshall Tindall	Field Manager, GMS
Christine Wells	District Manager, GMS
John Bannon by Zoom	District Engineer, Quiddity Engineering

The following is a summary of the discussions and actions taken at the August 26, 2026, Villamar Community Development District’s Regular Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. Three Supervisors were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated there were no comments in person or on Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the July 22, 2026,
Board of Supervisors Meeting
Ms. Burns presented the meeting minutes from July 22, 2026, Board of Supervisors meeting and asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Minutes of the July 22, 2026, Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Audit	Services
Engagement Letter for Fiscal Year 2026 Audit
Ms. Burns reviewed the Fiscal Year 2026 audit services engagement letter for an amount not to exceed $7,300. This was a renewal of a previously awarded contract.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Audit Services Engagement Letter for Fiscal Year 2026 Audit NTE $7,300, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated that she did not have a specific report, and the Board had no questions for her.

Engineer
Mr. Bannon reported that proposals had been requested for the stormwater corrections discussed at the previous meeting. He expected to have several bids ready for the Board before the next meeting. He had also received a quote to replace the fence along the west side of Phase Seven near the Atkins property that had been removed during construction. He had been working with the neighboring property owner on the fence replacement.

Field Manager’s Report
Consideration of Proposals for Pet Waste Stations
Consideration of Proposal to Add Pet Waste Maintenance to Janitorial Contract
Mr. Tindall reviewed a resident’s request for additional dog waste stations, along with pricing and possible locations. After discussing the areas where residents commonly walked their dogs, the Board unanimously approved five new stations at the locations marked on the map. Once installed, the stations were to be added to the janitorial contract for twice-weekly service.

On MOTION by Ms. Shockley, seconded by Ms. Schwenk, with all in favor, the Proposal to Add Pet Waste Maintenance to the Janitorial Contract, was approved.

Consideration of Items & Proposals from Prince and Sons
Fuel Surcharge Letter
The Board approved Prince & Sons’ tiered fuel surcharge through the end of the fiscal year. The surcharge applied when fuel prices ranged from approximately $3.50 to $4.00 per gallon. It was noted that the surcharge could be incorporated into the regular contract during the next renewal.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Fuel Surcharge Letter from Prince and Sons, was approved.

Storm Response Pricing
The Board also approved storm-response pricing that allowed the contractor to mobilize quickly following a named storm. The authorization covered up to one day of work by a full crew to clear roads, remove debris, straighten and stake fallen trees, and complete other immediate cleanup work.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Storm Response Pricing was approved.

Mulch Proposal and Plant Replacements Proposal
The Board approved the mulch and plant replacement proposals, with the work expected to begin in October during the new fiscal year. The work was already included in the landscape replacement budget and would refresh the entrances before the holiday season.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Plant Replacements Proposal was approved.

Sod & Grading Proposal
The Board then discussed erosion and deteriorating sod around several pond banks. Mr. Tindall explained that exceptionally low water levels, roof and gutter runoff, and heavy rainfall following the dry season had contributed to the erosion. The District had 42 ponds throughout Phases 1 through 7, with most of the affected areas located in Phases 1 through 6. Mr. Bannon suggested allowing some vegetation to remain along certain pond banks to help control erosion. It was agreed to meet with Mr. Bannon and inspect the continuing problem areas to determine whether spraying along the waterline should be reduced or stopped in certain locations. Riprap or additional plantings could also be considered in the future. The Board approved the updated
$72,200 proposal from Prince & Sons for grading and sod repairs, including four additional ponds in Phase 6. Of that amount, $52,400 would come from available landscaping funds, with the remainder coming from contingency. The work would not be scheduled until Mr. Bannon completed a field inspection and confirmed that the proposed repairs were appropriate.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Sod & Grading Proposal, with Additional Grading NTE $72,200, was approved.

Consideration of Proposal for Fountain Replacement & Maintenance
Lake Pros
Solitude
Mr. Tindall stated that the Board had reviewed fountain replacement proposals from Solitude and Lake Pros. Both proposals were within the $22,000 budget and included upgraded three-horsepower fountains that were better suited for the pond. The Board approved Solitude’s proposal, subject to confirmation that the fountain included an automatic low-water shutoff and a strainer.

On MOTION by Ms. Hazelrig, seconded by Ms. Shockley, with all in favor, the Proposal for Fountain Replacement, was approved, subject to confirmation that the fountain included an automatic low-water shutoff and a strainer.

The Board also approved the fountain maintenance renewal with an increase not to exceed 3%, pending receipt of the final pricing. The Board approved continuing the aquatics maintenance services for the next fiscal year with a 3% increase. The proposed renewal amount was $35,352, which remained within the $36,400 budget.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Fountain Maintenance Renewal NTE $36,400, was approved.

Consideration of Proposals for Holiday Lighting
Festive Glow
Sloan Lighting Solutions
Mr. Tindall compared holiday-lighting proposals from Sloan Lighting and Festival. Both were similarly priced, but Sloan appeared to offer more and had already installed much of the existing infrastructure. The Board agreed that Sloan had done a nice job in previous years and approved a three-year contract with Sloan Lighting for $18,000 per year.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Proposal for a 3-Year Contract Holiday Lighting by Sloan Lighting Solutions was approved.

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register is included in the agenda package for review.

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement

Ms. Burns noted financial statements are in the agenda package for review. No action from the Board is necessary.

SIXTH ORDER OF BUSINESS	Other Business
There being no comments the next item followed.

SEVENTH ORDER OF BUSINESS	CLOSED	SECURITY	SESSION	(All
items in this section have been provided separately to the Board for review for confidentiality purposes)
Ms. Burns noted that the Board held an advertised closed security session to review proposals for a new security vendor. No public comments were received. The public was asked to leave, the recording was stopped, and Ms. Hammock participated by telephone. Once reconvened from the Closed Session, the Board approved a proposal and directed Counsel to draft an agreement with a new vendor for Security Patrol Services to start during Spring Break time in March of 2027.

On MOTION by Ms. Schwenk, seconded by Ms. Shockley, with all in favor, Approving a Proposal for New Security Patrol Services Provider (starting Spring Break (March) 2027), and Directing Counsel to Draft an Agreement, was approved.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Burns stated there were no Supervisor Requests or Audience Comments.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Shockley, seconded by Ms. Hazelrig, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2026-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CONSENTING TO THE PETITION FILED BY VMAR DEV, LLC WITH THE CITY COMMISSION OF THE CITY OF WINTER HAVEN, FLORIDA, REQUESTING THE ADOPTION OF AN ORDINANCE AMENDING THE DISTRICT’S BOUNDARIES, AND AUTHORIZING SUCH OTHER ACTIONS AS ARE NECESSARY IN FURTHERANCE OF THE BOUNDARY AMENDMENT PROCESS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the VillaMar Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes (“Act”), as established by Ordinance No. O-18-70, adopted by the City Commission of the City of Winter Haven, Florida (“City”), on November 26, 2018, as amended by Ordinance Nos. O-20-40, O-21-32, O-22-68, and O-26-06 (all together, “Ordinance”), adopted by the City Commission of the City, on October 26, 2020, April 12, 2021, November 28, 2022, and February 9, 2026, respectively, and being situated entirely within the City; and

WHEREAS, pursuant to the Act, the District is authorized to construct, acquire, operate and maintain infrastructure improvements and services; and

WHEREAS, the District presently consists of approximately 532.17 acres of land, more or less, as more fully described in the Ordinance; and
WHEREAS, VMAR DEV, LLC, the developer and owner of certain lands within the District (“Developer”), has approached the District and requested the District consent to its petition to amend the District’s boundaries to add the property identified in the attached Exhibit A (“Expansion Parcels”); and
WHEREAS, the proposed boundary amendment is in the best interests of the District and the area of land within the proposed amended boundaries of the District will continue to be of sufficient size, sufficiently compact, and sufficiently contiguous to be developable as one functionally related community; and

WHEREAS, for the area of land that will lie in the amended boundaries of the District, the District is the best alternative available for delivering community development services and facilities; and

WHEREAS, addition of the Expansion Parcels in Exhibit A from the District is not inconsistent with either the State or local comprehensive plans; and

WHEREAS, the area of land that will lie in the amended boundaries of the District continues to be amenable to separate special district government; and

WHEREAS, in support of the Developer’s boundary amendment petition pursuant to Chapter 190, Florida Statutes, the District desires to authorize District staff, including but not limited to legal, engineering, and managerial staff, to provide such services as are necessary throughout the pendency of the boundary amendment process; and
WHEREAS, the retention of any necessary consultants and the work to be performed by District staff may require the expenditure of certain fees, costs, and other expenses by the District as authorized by the District’s Board of Supervisors (“Board”); and

WHEREAS, the District desires to consent to the Developer’s petition to amend its boundaries in accordance with the procedures and processes described in Chapter 190, Florida Statutes, which processes include the preparation of a petition to the City, and such other actions as are necessary in furtherance of the boundary amendment process.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.

SECTION 2. The Board hereby consents to the Developer’s petition to amend the District’s boundaries to remove the lands described in Exhibit A pursuant to Chapter 190, Florida Statutes, and authorizes the prosecution of the procedural requirements detailed in Chapter 190, Florida Statutes, for the amendment of the District’s boundaries.

SECTION 3. The Board hereby authorizes the District Chairperson, District Manager and District Counsel to act as agents of the District with regard to any and all matters pertaining to the Developer’s petition to the City to amend the boundaries of the District.
SECTION 4. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED this 23^rd day of September 2026.
ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors
Exhibit A:	Expansion Parcels

EXHIBIT A

PARCEL 26-29-15-000000-023010:

VILLAMAR PHASE 9 LEGAL DESCRIPTION

PARCEL 26-29-15-000000-014040:

Section V

BOUNDARY AMENDMENT FUNDING AGREEMENT

THIS AGREEMENT (“Agreement”) is made and entered into this 	day of September 2026, by and between:

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in the City of Winter Haven, Florida, with a mailing address of c/o Governmental Management Services-Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (“District”), and

VMAR DEV, LLC, a Florida limited liability company, and the owner and developer of certain lands within the District, with a mailing address of 346 East Central Avenue, Winter Haven, Florida 33880 (“Developer”), and

RECITALS

WHEREAS, the District is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes (“Act”), as established by Ordinance No. O-18-70, adopted by the City Commission of the City of Winter Haven, Florida (“City”), on November 26, 2018, as amended by Ordinance Nos. O-20-40, O-21-32, O-22-68, and O-26-06 (all together, “Ordinance”), adopted by the City Commission of the City, on October 26, 2020, April 12, 2021, November 28, 2022, and February 9, 2026, respectively, and being situated entirely within the City; and

Whereas, pursuant to the Act, the District is authorized to construct, acquire, and maintain infrastructure improvements and services within and without the boundaries of the District; and

Whereas, the District presently consists of approximately 532.17 acres of land, more or less, as more fully described in the Ordinance; and

Whereas, Developer has approached the District and requested the District petition to amend its boundaries to add approximately 68 acres of land, more or less, described as Phase 9 of the District; and
Whereas, the amendment proposed by Developer is within the amendment size restrictions contained within Section 190.046(1), Florida Statutes, and will result in the District being comprised of approximately 600.17 acres of land, more or less; and

Whereas, the District agrees to petition to amend its boundary in accordance with the procedures and processes described in Chapter 190, Florida Statutes, which processes include the preparation of a petition to the City and such other actions as are necessary in furtherance of the boundary amendment process; and

Whereas, in order to seek a boundary amendment pursuant to Chapter 190, Florida Statutes, the District desires to authorize District staff, including but not limited to legal, engineering, and managerial staff, to provide such services as are necessary throughout the boundary amendment process; and

Whereas, any such work shall only be performed in accord with the authorizations of
the District’s Board of Supervisors (“Board”); and

Whereas, the retention of any necessary consultants and the work to be performed by District staff may require the expenditure of certain fees, costs, and other expenses by the District as authorized by the Board; and

Whereas, Developer desires to provide sufficient funds to the District to reimburse the District for any such expenditures including but not limited to legal, engineering, and other consultant fees, filing fees, administrative, and other expenses, if any.

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

Section 1. Provision of Funds. Developer agrees to make available to the District such monies as are necessary to enable the District to proceed with the boundary amendment and to provide such monies as are necessary to enable District staff, including legal, engineering, and managerial staff, to assist in the boundary amendment process and proceedings. Developer will make such funds available monthly, within thirty (30) days of a written request by the District. The funds shall be placed in the District's depository as determined by the District.

Section 2.  District Use of Funds. The District agrees to use such funds solely for the fees, costs, and other expenditures accruing or accrued for seeking an amendment to the boundaries of the District in accord with Chapter 190, Florida Statutes. The District agrees to use good faith best efforts to proceed in an expeditious manner with the preparation and filing of the petition and related materials to seek the amendment of the District's boundary pursuant to Chapter 190, Florida Statutes, and with the prosecution of the procedural requirements detailed in Chapter 190, Florida Statutes, for the amendment of the District's boundary. The District also agrees to make monthly requests for necessary funds from Developer for reimbursement for services of the boundary amendment team, as described in Section 1 of this Agreement. The District shall not reimburse Developer for funds made available to the District under this Agreement.

Section 3. Default. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

Section 4.  Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing

party shall be entitled to recover all fees and costs incurred, including reasonable attorneys’ fees
and costs for trial, alternative dispute resolution, or appellate proceedings.

Section 5. Agreement. This instrument shall constitute the final and complete expression of this Agreement between the parties relating to the subject matter of this Agreement.

Section 6.  Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing executed by both parties hereto.

Section 7. Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties to this Agreement, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

Section 8. Notices. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered via electronic mail to the person so designated in writing by each party or by UPS or overnight mail at the addresses herein designated.

If to the District:	VillaMar Community Development District
c/o Governmental Management Services – CF, LLC 219 East Livingston Street
Orlando, Florida 32801 Attn: District Manager

With a copy to:	Kilinski | Van Wyk, PLLC 517 East College Avenue Tallahassee, Florida 32301
Attn: District Counsel, VillaMar CDD

If to Developer:	VMAR DEV, LLC
346 East Central Avenue Winter Haven, Florida 33880 Attn: Adam Rhinehart
With a copy to:	Straughn & Turner P.A.
255 Magnolia Avenue Southwest Winter Haven, Florida 33883 Attn: Richard Straughn

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth in this Agreement. Notices delivered after 5:00
p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire

on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addresses of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addresses set forth in this Agreement.

Section 9.  Third Party Beneficiaries. This Agreement is solely for the benefit of the formal parties to this Agreement and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties to this Agreement any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the parties to this Agreement and their respective representatives, successors, and assigns.

Section 10. Assignment. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party. Any purported assignment without such prior written approval shall be null and void.

Section 11. Controlling Law. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. Each party consents to and agrees that the exclusive venue for any litigation arising out of or related to this Agreement shall be in a court of appropriate jurisdiction, in and for Polk County, Florida.

Section 12. Effective Date. This Agreement shall be effective after execution by both parties to this Agreement and shall remain in effect unless terminated by either of the parties.

SECTION 13. PUBLIC RECORDS. Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Developer agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Developer acknowledges that the designated public records custodian for the District is Governmental Management Services – Central Florida, LLC (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Developer shall: (1) keep and maintain public records required by the District to perform the service; (2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; (3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Developer does not transfer the records to the Public Records Custodian of the District; and (4) upon completion of the contract, transfer to the District, at no cost, all public

records in Developer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Developer, Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE DEVELOPER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801, TELEPHONE: (407) 841-5524, OR EMAIL: RECORD REQUEST@GMSCFL.COM.
Section 14. Arm’s Length transaction. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen, and selected the language, and doubtful language will not be interpreted or construed against any party.

Section 15. Sovereign Immunity. Developer agrees that nothing in this Agreement shall constitute or be construed as a waiver of the District's sovereign immunity or limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or law.

SECTION 16. FOREIGN INFLUENCE. Developer understands that under Section 286.101, Florida Statutes, that Developer must disclose any current or prior interest, any contract with, or any grant or gift from a foreign country of concern as that term is defined within the above referenced statute.
Section 17. Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

Section 18. Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

SECTION 19. HUMAN TRAFFICKING. Developer certifies, by acceptance of this Agreement, that neither it nor its principals utilizes coercion for labor or services as defined in Section 787.06, Florida Statutes. Developer agrees to execute an affidavit, in a form acceptable to the District, in compliance with section 787.06(14), Florida Statutes.

In witness thereof, the parties execute this agreement the day and year first written
above.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Lauren O. Schwenk, Chairperson, Board of Supervisors

WITNESS:	VMAR DEV, LLC
a Florida limited liability company

Print Name:		By: Adam Rhinehart
Its: Manager

Section VI

Section A

REBATE REPORT
$7,180,000
VillaMar Community Development District
(City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Dated: June 25, 2019
Delivered: June 25, 2019

Rebate Report to the Computation Date June 25, 2027
Reflecting Activity To July 31, 2026

TABLE OF CONTENTS

AMTEC Opinion | 3
Summary of Rebate Computations | 4
Summary of Computational Information and Definitions | 5
Methodology | 7
Sources and Uses | 8
Proof of Arbitrage Yield | 9
Bond Debt Service Schedule | 11
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account | 13
Arbitrage Rebate Calculation Detail Report – Reserve Account | 17
Arbitrage Rebate Calculation Detail Report – Interest Account | 18
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Account | 19
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits | 20

September 2, 2026

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:

$7,180,000 VillaMar Community Development District (City of Winter Haven, Florida), Special
Assessment Bonds, Series 2019

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of June 25, 2027, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President

Trong M. Tran
Assistant Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the June 25, 2027 Computation Date
Reflecting Activity from June 25, 2019 through July 31, 2026

Fund Description | Taxable Inv Yield | Net Income | Rebatable Arbitrage
Acquisition & Construction Account | 1.693084% | 29,605.37 | (76,040.57)
Reserve Account | 1.947517% | 38,388.83 | (69,493.70)
Interest Account | 1.350534% | 2,475.39 | (8,801.07)
Cost of Issuance Account | 1.901117% | 4.90 | (10.53)
Totals | 1.802102% | $70,474.49 | $(154,345.87)
Bond Yield | 4.747170% |
Rebate Computation Credits | (16,467.03)
Net Rebatable Arbitrage | $(170,812.90)

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from June 25, 2019, the date of the closing, to July 31, 2026, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of June 25, 2027.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between June 25, 2019 and July 31, 2026, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12^th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is June 25, 2027.

DEFINITIONS

Computation Date
June 25, 2027.

Computation Period
The period beginning on June 25, 2019, the date of the closing, and ending on July 31, 2026.

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

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

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

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts | Account Number
Revenue | 276305000
Interest | 276305001
Sinking | 276305002
Reserve | 276305003
Prepayment | 276305004
Acquisition & Construction | 276305005
Cost of Issuance | 276305006

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of July 31, 2026, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 25, 2027. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 25, 2027, is the Rebatable Arbitrage.

$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019 Delivered: June 25, 2019

Sources of Funds

Par Amount | $7,180,000.00
Original Issue Discount | -7,202.40
Total | $7,172,797.60

Uses of Funds

Acquisition & Construction Account | $6,099,104.54
Reserve Account | 450,868.75
Interest Account | 282,593.13
Cost of Issuance Account | 196,631.18
Underwriter’s Discount | 143,600.00
Total | $7,172,797.60

PROOF OF ARBITRAGE YIELD
$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Date

Debt Service

Present Value to 06/25/2019
@ 4.7471696708%

11/01/2019 | 116,361.88 | 114,466.71
05/01/2020 | 166,231.25 | 159,732.48
11/01/2020 | 166,231.25 | 156,028.99
05/01/2021 | 286,231.25 | 262,435.01
11/01/2021 | 163,981.25 | 146,862.53
05/01/2022 | 288,981.25 | 252,812.52
11/01/2022 | 161,637.50 | 138,128.44
05/01/2023 | 291,637.50 | 243,442.53
11/01/2023 | 159,200.00 | 129,810.03
05/01/2024 | 294,200.00 | 234,325.70
11/01/2024 | 156,668.75 | 121,891.02
05/01/2025 | 296,668.75 | 225,461.94
11/01/2025 | 153,868.75 | 114,225.73
05/01/2026 | 298,868.75 | 216,723.56
11/01/2026 | 150,968.75 | 106,936.20
05/01/2027 | 300,968.75 | 208,243.38
11/01/2027 | 147,968.75 | 100,007.34
05/01/2028 | 302,968.75 | 200,019.25
11/01/2028 | 144,868.75 | 93,424.50
05/01/2029 | 304,868.75 | 192,048.56
11/01/2029 | 141,668.75 | 87,173.46
05/01/2030 | 311,668.75 | 187,333.56
11/01/2030 | 137,737.50 | 80,869.84
05/01/2031 | 312,737.50 | 179,360.36
11/01/2031 | 133,690.63 | 74,896.16
05/01/2032 | 318,690.63 | 174,397.39
11/01/2032 | 129,412.50 | 69,176.57
05/01/2033 | 324,412.50 | 169,391.82
11/01/2033 | 124,903.13 | 63,705.99
05/01/2034 | 329,903.13 | 164,363.53
11/01/2034 | 120,162.50 | 58,479.02
05/01/2035 | 335,162.50 | 159,330.39
11/01/2035 | 115,190.63 | 53,489.98
05/01/2036 | 340,190.63 | 154,308.46
11/01/2036 | 109,987.50 | 48,732.96
05/01/2037 | 344,987.50 | 149,312.07
11/01/2037 | 104,553.13 | 44,201.88
05/01/2038 | 349,553.13 | 144,354.04
11/01/2038 | 98,887.50 | 39,890.48
05/01/2039 | 353,887.50 | 139,445.71
11/01/2039 | 92,990.63 | 35,792.43
05/01/2040 | 362,990.63 | 136,477.01
11/01/2040 | 86,409.38 | 31,734.90
05/01/2041 | 366,409.38 | 131,448.26
11/01/2041 | 79,584.38 | 27,888.70
05/01/2042 | 374,584.38 | 128,221.87
11/01/2042 | 72,393.75 | 24,206.14
05/01/2043 | 382,393.75 | 124,895.68
11/01/2043 | 64,837.50 | 20,685.93
05/01/2044 | 389,837.50 | 121,491.09
11/01/2044 | 56,915.63 | 17,326.24
05/01/2045 | 401,915.63 | 119,514.30
11/01/2045 | 48,506.25 | 14,089.47
05/01/2046 | 408,506.25 | 115,906.52
11/01/2046 | 39,731.25 | 11,011.68
05/01/2047 | 419,731.25 | 113,633.04
11/01/2047 | 30,468.75 | 8,057.50
05/01/2048 | 425,468.75 | 109,906.96

PROOF OF ARBITRAGE YIELD
$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019
Present Value to 06/25/2019
Date	Debt Service  @ 4.7471696708%

11/01/2048	20,840.63	5,258.72
05/01/2049	435,840.63	107,426.00
11/01/2049	10,725.00	2,582.21
05/01/2050	450,725.00	106,002.84

13,912,574.47	7,172,797.60

Proceeds Summary

Delivery date | 06/25/2019
Par Value | 7,180,000.00
Premium (Discount) | -7,202.40
Target for yield calculation | 7,172,797.60

BOND DEBT SERVICE
$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Period Ending | Principal | Coupon | Interest | Debt Service | Annual Debt Service
06/25/2019 | | | | |
11/01/2019 | | | 116,361.88 | 116,361.88 |
05/01/2020 | | | 166,231.25 | 166,231.25 | 282,593.13
11/01/2020 | | | 166,231.25 | 166,231.25 |
05/01/2021 | 120,000 | 3.750% | 166,231.25 | 286,231.25 | 452,462.50
11/01/2021 | | | 163,981.25 | 163,981.25 |
05/01/2022 | 125,000 | 3.750% | 163,981.25 | 288,981.25 | 452,962.50
11/01/2022 | | | 161,637.50 | 161,637.50 |
05/01/2023 | 130,000 | 3.750% | 161,637.50 | 291,637.50 | 453,275.00
11/01/2023 | | | 159,200.00 | 159,200.00 |
05/01/2024 | 135,000 | 3.750% | 159,200.00 | 294,200.00 | 453,400.00
11/01/2024 | | | 156,668.75 | 156,668.75 |
05/01/2025 | 140,000 | 4.000% | 156,668.75 | 296,668.75 | 453,337.50
11/01/2025 | | | 153,868.75 | 153,868.75 |
05/01/2026 | 145,000 | 4.000% | 153,868.75 | 298,868.75 | 452,737.50
11/01/2026 | | | 150,968.75 | 150,968.75 |
05/01/2027 | 150,000 | 4.000% | 150,968.75 | 300,968.75 | 451,937.50
11/01/2027 | | | 147,968.75 | 147,968.75 |
05/01/2028 | 155,000 | 4.000% | 147,968.75 | 302,968.75 | 450,937.50
11/01/2028 | | | 144,868.75 | 144,868.75 |
05/01/2029 | 160,000 | 4.000% | 144,868.75 | 304,868.75 | 449,737.50
11/01/2029 | | | 141,668.75 | 141,668.75 |
05/01/2030 | 170,000 | 4.625% | 141,668.75 | 311,668.75 | 453,337.50
11/01/2030 | | | 137,737.50 | 137,737.50 |
05/01/2031 | 175,000 | 4.625% | 137,737.50 | 312,737.50 | 450,475.00
11/01/2031 | | | 133,690.63 | 133,690.63 |
05/01/2032 | 185,000 | 4.625% | 133,690.63 | 318,690.63 | 452,381.26
11/01/2032 | | | 129,412.50 | 129,412.50 |
05/01/2033 | 195,000 | 4.625% | 129,412.50 | 324,412.50 | 453,825.00
11/01/2033 | | | 124,903.13 | 124,903.13 |
05/01/2034 | 205,000 | 4.625% | 124,903.13 | 329,903.13 | 454,806.26
11/01/2034 | | | 120,162.50 | 120,162.50 |
05/01/2035 | 215,000 | 4.625% | 120,162.50 | 335,162.50 | 455,325.00
11/01/2035 | | | 115,190.63 | 115,190.63 |
05/01/2036 | 225,000 | 4.625% | 115,190.63 | 340,190.63 | 455,381.26
11/01/2036 | | | 109,987.50 | 109,987.50 |
05/01/2037 | 235,000 | 4.625% | 109,987.50 | 344,987.50 | 454,975.00
11/01/2037 | | | 104,553.13 | 104,553.13 |
05/01/2038 | 245,000 | 4.625% | 104,553.13 | 349,553.13 | 454,106.26
11/01/2038 | | | 98,887.50 | 98,887.50 |
05/01/2039 | 255,000 | 4.625% | 98,887.50 | 353,887.50 | 452,775.00
11/01/2039 | | | 92,990.63 | 92,990.63 |
05/01/2040 | 270,000 | 4.875% | 92,990.63 | 362,990.63 | 455,981.26
11/01/2040 | | | 86,409.38 | 86,409.38 |
05/01/2041 | 280,000 | 4.875% | 86,409.38 | 366,409.38 | 452,818.76
11/01/2041 | | | 79,584.38 | 79,584.38 |
05/01/2042 | 295,000 | 4.875% | 79,584.38 | 374,584.38 | 454,168.76
11/01/2042 | | | 72,393.75 | 72,393.75 |
05/01/2043 | 310,000 | 4.875% | 72,393.75 | 382,393.75 | 454,787.50
11/01/2043 | | | 64,837.50 | 64,837.50 |
05/01/2044 | 325,000 | 4.875% | 64,837.50 | 389,837.50 | 454,675.00
11/01/2044 | | | 56,915.63 | 56,915.63 |
05/01/2045 | 345,000 | 4.875% | 56,915.63 | 401,915.63 | 458,831.26
11/01/2045 | | | 48,506.25 | 48,506.25 |
05/01/2046 | 360,000 | 4.875% | 48,506.25 | 408,506.25 | 457,012.50
11/01/2046 | | | 39,731.25 | 39,731.25 |
05/01/2047 | 380,000 | 4.875% | 39,731.25 | 419,731.25 | 459,462.50
11/01/2047 | | | 30,468.75 | 30,468.75 |
05/01/2048 | 395,000 | 4.875% | 30,468.75 | 425,468.75 | 455,937.50

BOND DEBT SERVICE
$7,180,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Period Ending | Principal | Coupon | Interest | Debt Service | Annual Debt Service
11/01/2048 | | | 20,840.63 | 20,840.63 |
05/01/2049 | 415,000 | 4.875% | 20,840.63 | 435,840.63 | 456,681.26
11/01/2049 | | | 10,725.00 | 10,725.00 |
05/01/2050 | 440,000 | 4.875% | 10,725.00 | 450,725.00 | 461,450.00
| 7,180,000 | | 6,732,574.47 | 13,912,574.47 | 13,912,574.47

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.747170%)

06/25/19 | Beg | Bal | -6,099,104.54 | -8,877,131.61
06/28/19 | | | 300,231.75 | 436,810.83
06/28/19 | | | 15,000.00 | 21,823.68
06/28/19 | | | 1,536.00 | 2,234.75
06/28/19 | | | 110,256.78 | 160,413.93
06/28/19 | | | 322.50 | 469.21
06/28/19 | | | 9,596.32 | 13,961.80
06/28/19 | | | 8,500.81 | 12,367.93
07/10/19 | | | 8,574.48 | 12,455.62
07/10/19 | | | 127.20 | 184.78
07/31/19 | | | 6,000.00 | 8,693.14
07/31/19 | | | 312.50 | 452.77
07/31/19 | | | 702.50 | 1,017.82
07/31/19 | | | 228.29 | 330.76
07/31/19 | | | 26,840.00 | 38,887.33
07/31/19 | | | 69,933.00 | 101,322.93
07/31/19 | | | 326,184.22 | 472,594.37
08/07/19 | | | 1,662.50 | 2,406.53
08/07/19 | | | 137,451.77 | 198,966.40
08/07/19 | | | 210,118.45 | 304,154.04
08/07/19 | | | 39,175.00 | 56,707.23
08/07/19 | | | 65,637.20 | 95,012.22
08/07/19 | | | 3,202.98 | 4,636.43
08/07/19 | | | 17,613.00 | 25,495.45
08/14/19 | | | 341,499.20 | 493,881.66
09/16/19 | | | 101.50 | 146.18
09/16/19 | | | 144,499.87 | 208,108.34
09/16/19 | | | 31,774.00 | 45,760.83
09/16/19 | | | 17,338.32 | 24,970.60
09/16/19 | | | 3,000.00 | 4,320.59
09/16/19 | | | 82,035.31 | 118,147.04
09/16/19 | | | 195,789.93 | 281,976.15
09/16/19 | | | 8,505.00 | 12,248.88
09/16/19 | | | 135,209.95 | 194,729.02
09/16/19 | | | 72.50 | 104.41
09/16/19 | | | 6,000.00 | 8,641.18
09/18/19 | | | 115,033.00 | 165,627.05
09/18/19 | | | 6,755.52 | 9,726.75
09/18/19 | | | 37,895.76 | 54,563.15
09/18/19 | | | 4,880.88 | 7,027.60
09/18/19 | | | 170,838.43 | 245,976.94
09/18/19 | | | 178,325.74 | 256,757.33
10/16/19 | | | 250,805.54 | 359,800.00
10/16/19 | | | 3,000.00 | 4,303.73
10/16/19 | | | 533,208.35 | 764,928.74
10/16/19 | | | 28,962.31 | 41,548.68
10/16/19 | | | 10,876.03 | 15,602.51
10/16/19 | | | 10,845.00 | 15,557.99

| ARBITRAGE REBATE CALCULATION DETAIL REPORT |
RECEIPTS | FUTURE VALUE @ BOND YIELD OF
DATE | DESCRIPTION | (PAYMENTS) | (4.747170%)
10/16/19 | | 3,000.00 | 4,303.73
10/18/19 | | 791.64 | 1,135.37
10/24/19 | | 11,171.56 | 16,009.77
10/24/19 | | 81,911.19 | 117,385.51
10/28/19 | | 8,444.96 | 12,096.02
10/28/19 | | 5,684.60 | 8,142.26
10/28/19 | | 250.00 | 358.08
10/28/19 | | 3,000.00 | 4,297.01
10/28/19 | | 20,561.44 | 29,450.89
11/07/19 | | 439.00 | 628.06
11/07/19 | | 513,149.55 | 734,140.86
11/07/19 | | 235,971.54 | 337,594.27
11/07/19 | | 127,341.76 | 182,182.35
11/07/19 | | 882.00 | 1,261.84
11/07/19 | | 22,150.00 | 31,689.05
11/07/19 | | 3,000.00 | 4,291.97
11/07/19 | | 55,232.03 | 79,018.08
11/07/19 | | 6,496.25 | 9,293.90
11/21/19 | | 7,303.24 | 10,429.38
11/21/19 | | 3,000.00 | 4,284.15
11/25/19 | | 54.11 | 77.23
12/06/19 | | 306,823.20 | 437,302.80
12/06/19 | | 293,674.11 | 418,561.93
12/09/19 | | 718.20 | 1,023.22
12/09/19 | | 38,205.43 | 54,431.38
12/09/19 | | 3,000.00 | 4,274.11
12/19/19 | | 3,000.00 | 4,268.54
12/30/19 | | 6,562.02 | 9,323.38
12/30/19 | | 1,503.00 | 2,135.48
12/30/19 | | 161,849.03 | 229,956.54
01/03/20 | | 1,876.49 | 2,665.09
01/03/20 | | 1,857.29 | 2,637.82
01/03/20 | | 13,200.00 | 18,747.35
01/03/20 | | 3,000.00 | 4,260.76
01/03/20 | | 187,723.45 | 266,614.89
01/03/20 | | 216,924.46 | 308,087.73
01/14/20 | | 7,650.00 | 10,849.37
02/03/20 | | 13,905.52 | 19,672.30
02/03/20 | | 6,177.18 | 8,738.93
02/03/20 | | 4,300.80 | 6,084.39
02/03/20 | | 3,424.45 | 4,844.61
02/03/20 | | 3,000.00 | 4,244.13
02/03/20 | | 1,710.00 | 2,419.16
02/03/20 | | 1,200.00 | 1,697.65
02/03/20 | | 10,600.00 | 14,995.94
02/10/20 | | 2,267.46 | 3,204.88
02/13/20 | | -55,495.63 | -78,408.05
02/13/20 | | -42.00 | -59.34

| | ARBITRAGE REBATE CALCULATION DETAIL REPORT |
| | RECEIPTS | FUTURE VALUE @ BOND YIELD OF
DATE | DESCRIPTION | (PAYMENTS) | (4.747170%)
02/13/20 | | -123.56 | -174.57
02/19/20 | | -6,063.89 | -8,560.79
02/25/20 | | 104,994.98 | 148,112.34
02/25/20 | | -4,449.41 | -6,276.61
04/20/20 | | -339,161.28 | -475,024.48
04/27/20 | | 214,056.24 | 299,530.76
04/27/20 | | 125,105.04 | 175,060.57
05/21/20 | | -330,855.49 | -461,523.15
05/28/20 | | 219,726.39 | 306,225.37
05/28/20 | | 11,758.40 | 16,387.29
05/28/20 | | 671.12 | 935.32
05/28/20 | | 81,655.89 | 113,801.10
05/28/20 | | 1,089.86 | 1,518.90
05/28/20 | | 7,447.50 | 10,379.33
05/28/20 | | 9,000.00 | 12,543.00
05/28/20 | | 63.00 | 87.80
05/28/20 | | 4,962.50 | 6,916.07
05/29/20 | | 3,852.50 | 5,368.40
06/05/20 | | -264,513.51 | -368,307.54
06/11/20 | | 112,031.29 | 155,869.98
06/11/20 | | 2,152.75 | 2,995.14
06/11/20 | | 13,025.32 | 18,122.23
06/11/20 | | 4,863.82 | 6,767.07
06/11/20 | | 593.53 | 825.78
06/11/20 | | 91.60 | 127.44
06/11/20 | | 5,839.48 | 8,124.51
06/11/20 | | 3,817.50 | 5,311.32
06/11/20 | | 2,402.50 | 3,342.62
06/11/20 | | 500.00 | 695.65
06/11/20 | | 400.00 | 556.52
06/11/20 | | 3,000.00 | 4,173.92
06/11/20 | | 3,281.50 | 4,565.58
06/11/20 | | 116.00 | 161.39
06/11/20 | | 27,575.00 | 38,365.31
06/11/20 | | 48,932.86 | 68,080.66
06/11/20 | | 15,952.50 | 22,194.83
06/12/20 | | 1,803.31 | 2,508.63
07/06/20 | | 1,332.57 | 1,847.98
07/06/20 | | 1,032.50 | 1,431.85
07/06/20 | | 6,720.00 | 9,319.17
08/13/20 | | -287,201.73 | -396,370.23
08/13/20 | | -3,900.00 | -5,382.43
08/18/20 | | 287,201.73 | 396,112.03
08/20/20 | | -384,987.68 | -530,841.19
08/20/20 | | -6,997.20 | -9,648.11
08/21/20 | | 348.50 | 480.47
08/21/20 | | 229,500.38 | 316,405.92
08/21/20 | | 7,384.00 | 10,180.12

| | ARBITRAGE REBATE CALCULATION DETAIL REPORT |
| | RECEIPTS | FUTURE VALUE @ BOND YIELD OF
DATE | DESCRIPTION | (PAYMENTS) | (4.747170%)
08/21/20 | | 6,997.20 | 9,646.85
08/21/20 | | 156,387.78 | 215,607.57
08/21/20 | | 487.50 | 672.10
09/15/20 | | -8,128.00 | -11,170.86
09/16/20 | | 8,128.00 | 11,169.40
09/16/20 | | 2,631.50 | 3,616.18
10/09/20 | | 835.48 | 1,144.67
11/18/20 | | 43.50 | 59.30
12/21/20 | | 126.00 | 171.02
05/17/21 | | 263.92 | 351.46
06/25/27 | TOTALS: | 29,605.37 | -76,040.57

ISSUE DATE:	06/25/19 | REBATABLE ARBITRAGE: | -76,040.57
COMP DATE:	06/25/27 | NET INCOME: | 29,605.37
BOND YIELD: 4.747170% | TAX INV YIELD: | 1.693084%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.747170%)

06/25/19 | Beg | Bal | -450,868.75 | -656,230.96
01/23/20 | | | 1,549.82 | 2,195.41
06/04/20 | | | 4,675.00 | 6,510.30
09/21/20 | | | 31,075.00 | 42,675.08
12/17/20 | | | 2,653.21 | 3,603.02
05/03/21 | | | 2,406.17 | 3,210.14
07/01/21 | | | 6.28 | 8.32
07/01/21 | | | 2,153.12 | 2,850.91
07/01/21 | | | 205,579.69 | 272,204.65
11/01/21 | | | 2,040.07 | 2,659.31
12/29/21 | | | 898.38 | 1,162.25
05/05/22 | | | 3.01 | 3.83
06/27/22 | | | 53.12 | 67.15
11/01/22 | | | 627.70 | 780.73
02/01/23 | | | 1,374.31 | 1,689.42
02/01/23 | | | 731.25 | 898.92
05/03/23 | | | 731.25 | 888.20
05/03/23 | | | 1,231.16 | 1,495.41
08/01/23 | | | 2,280.86 | 2,738.83
11/02/23 | | | 2,472.06 | 2,933.42
02/02/24 | | | 2,524.73 | 2,960.98
05/03/24 | | | 2,519.29 | 2,919.77
08/01/24 | | | 2,526.66 | 2,894.92
12/03/24 | | | 2,518.40 | 2,839.94
05/01/25 | | | 4,336.81 | 4,797.10
11/04/25 | | | 4,051.62 | 4,376.02
12/09/25 | | | 1,892.63 | 2,034.86
01/05/26 | | | 586.65 | 628.60
02/03/26 | | | 568.69 | 607.14
03/03/26 | | | 510.96 | 543.38
04/02/26 | | | 563.24 | 596.72
05/04/26 | | | 543.35 | 573.25
06/02/26 | | | 555.81 | 584.26
06/16/26 | | | 340.62 | 357.40
07/02/26 | | | 541.03 | 566.50
07/31/26 | Bal | | 201,576.57 | 210,297.88
07/31/26 | Acc | | 559.06 | 583.25
06/25/27 | TOTALS: | 38,388.83 | -69,493.70
ISSUE DATE:	06/25/19 | REBATABLE ARBITRAGE: | -69,493.70
COMP DATE:	06/25/27 | NET INCOME: | 38,388.83
BOND YIELD: 4.747170% | TAX INV YIELD: | 1.947517%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
DATE | DESCRIPTION | RECEIPTS (PAYMENTS) | BOND YIELD OF (4.747170%)
06/25/19 | Beg | Bal | -282,593.13 | -411,308.97
11/01/19 | | 116,361.88 | 166,604.13
12/03/19 | | -104.90 | -149.57
05/01/20 | | 166,231.26 | 232,487.62
08/03/20 | | -761.93 | -1,052.92
08/03/20 | | 3,342.20 | 4,618.62
09/30/20 | deminimis | 0.01 | 0.01
06/25/27 | TOTALS: | 2,475.39 | -8,801.07
ISSUE DATE:	06/25/19 | REBATABLE ARBITRAGE: | -8,801.07
COMP DATE:	06/25/27 | NET INCOME: | 2,475.39
BOND YIELD: 4.747170% | TAX INV YIELD: | 1.350534%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.747170%)

06/25/19 | Beg | Bal | -196,631.18 | -286,192.97
06/25/19 | | | 5,000.00 | 7,277.41
06/25/19 | | | 30,000.00 | 43,664.43
06/25/19 | | | 45,000.00 | 65,496.65
06/25/19 | | | 48,000.00 | 69,863.09
06/25/19 | | | 43,500.00 | 63,313.43
06/25/19 | | | 18,156.18 | 26,425.98
06/26/19 | | | 1,500.00 | 2,182.94
07/09/19 | | | 5,375.00 | 7,808.95
12/03/19 | | | 104.90 | 149.57
06/25/27 | TOTALS: | 4.90 | -10.53
ISSUE DATE:	06/25/19 | REBATABLE ARBITRAGE: | -10.53
COMP DATE:	06/25/27 | NET INCOME: | 4.90
BOND YIELD: 4.747170% | TAX INV YIELD: | 1.901117%

| ARBITRAGE REBATE CALCULATION DETAIL REPORT |
RECEIPTS | FUTURE VALUE @ BOND YIELD OF
DATE | DESCRIPTION | (PAYMENTS) | (4.747170%)
06/25/20 | | -1,760.00 | -2,444.24
06/25/21 | | -1,780.00 | -2,358.71
06/25/22 | | -1,830.00 | -2,313.82
06/25/23 | | -1,960.00 | -2,364.61
06/25/24 | | -2,070.00 | -2,382.86
06/25/25 | | -2,120.00 | -2,328.56
06/25/26 | | -2,170.00 | -2,274.24
06/25/27 | TOTALS: | -13,690.00 | -16,467.03

ISSUE DATE:	06/25/19	REBATABLE ARBITRAGE: -16,467.03 COMP DATE:	06/25/27
BOND YIELD: 4.747170%

Section B

REBATE REPORT
$7,940,000
VillaMar Community Development District
(City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Dated: June 15, 2023
Delivered: June 15, 2023

Rebate Report to the Computation Date June 15, 2026
Reflecting Activity To June 15, 2026

TABLE OF CONTENTS

AMTEC Opinion | 3
Summary of Rebate Computations | 4
Summary of Computational Information and Definitions | 5
Methodology | 7
Sources and Uses | 8
Proof of Arbitrage Yield | 9
Bond Debt Service Schedule | 11
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account | 13
Arbitrage Rebate Calculation Detail Report – Interest Account | 14
Arbitrage Rebate Calculation Detail Report – Reserve Account | 15
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits | 17

September 2, 2026

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:

$7,940,000 VillaMar Community Development District (City of Winter Haven, Florida), Special
Assessment Bonds, Series 2023 (Assessment Area Five Project)

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of June 30, 2027. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President

Trong M. Tran
Assistant Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the June 15, 2026 Computation Date
Reflecting Activity from June 15, 2023 through June 15, 2026

Fund Description | Taxable Inv Yield | Net Income | Rebatable Arbitrage
Acquisition & Construction Account | 4.805564% | 27,499.32 | (6,229.91)
Interest Account | 4.966642% | 3,134.13 | (568.01)
Reserve Account | 4.900255% | 55,700.06 | (10,486.65)
Totals | 4.871113% | $86,333.51 | $(17,284.57)
Bond Yield | 5.745189% |
Rebate Computation Credits | (6,731.84)
Net Rebatable Arbitrage | $(24,016.41)

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from June 15, 2023, the date of the closing, to June 15, 2026, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of June 15, 2026.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between June 15, 2023 and June 15, 2026, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12^th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
June 15, 2026.

Computation Period
The period beginning on June 15, 2023, the date of the closing, and ending on June 15, 2026, the Computation Date.

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

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

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

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts | Account Number
Revenue | 253107000
Interest | 253107001
Sinking | 253107002
Reserve | 253107004
Prepayment | 253107003
Acquisition & Construction | 253107005

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of June 15, 2026, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 15, 2026. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 15, 2026, is the Rebatable Arbitrage.

$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project) Delivered: June 15, 2023

Sources of Funds

Par Amount | $7,940,000.00
Net Original Issue Discount | -56,774.20
Total | $7,883,225.80

Uses of Funds

Acquisition & Construction Account | $6,819,524.20
Interest Account (Capitalized Interest) | 168,198.47
Costs of Issuance | 182,975.00
Reserve Account | 553,728.13
Underwriter’s Discount | 158,800.00
Total | $7,883,225.80

PROOF OF ARBITRAGE YIELD
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Date

Debt Service

Present Value to 06/15/2023
@ 5.7451891700%

11/01/2023 | 168,198.47 | 164,637.57
05/01/2024 | 332,615.63 | 316,482.61
11/01/2024 | 219,934.38 | 203,423.27
05/01/2025 | 334,934.38 | 301,139.37
11/01/2025 | 217,131.25 | 189,771.27
05/01/2026 | 337,131.25 | 286,422.70
11/01/2026 | 214,206.25 | 176,905.31
05/01/2027 | 339,206.25 | 272,315.83
11/01/2027 | 211,159.38 | 164,785.77
05/01/2028 | 341,159.38 | 258,801.61
11/01/2028 | 207,990.63 | 153,374.70
05/01/2029 | 347,990.63 | 249,446.73
11/01/2029 | 204,578.13 | 142,550.84
05/01/2030 | 349,578.13 | 236,785.52
11/01/2030 | 201,043.75 | 132,373.72
05/01/2031 | 356,043.75 | 227,884.54
11/01/2031 | 196,684.38 | 122,371.89
05/01/2032 | 361,684.38 | 218,746.87
11/01/2032 | 192,043.75 | 112,904.85
05/01/2033 | 362,043.75 | 206,906.33
11/01/2033 | 187,262.50 | 104,031.26
05/01/2034 | 367,262.50 | 198,330.69
11/01/2034 | 182,200.00 | 95,644.94
05/01/2035 | 372,200.00 | 189,928.58
11/01/2035 | 176,856.25 | 87,727.28
05/01/2036 | 381,856.25 | 184,125.72
11/01/2036 | 171,090.63 | 80,193.85
05/01/2037 | 386,090.63 | 175,915.63
11/01/2037 | 165,043.75 | 73,099.53
05/01/2038 | 395,043.75 | 170,083.03
11/01/2038 | 158,575.00 | 66,366.79
05/01/2039 | 398,575.00 | 162,153.55
11/01/2039 | 151,825.00 | 60,042.67
05/01/2040 | 406,825.00 | 156,395.64
11/01/2040 | 144,653.13 | 54,056.15
05/01/2041 | 414,653.13 | 150,626.91
11/01/2041 | 137,059.38 | 48,397.92
05/01/2042 | 422,059.38 | 144,874.45
11/01/2042 | 129,043.75 | 43,058.17
05/01/2043 | 429,043.75 | 139,161.93
11/01/2043 | 120,606.25 | 38,026.73
05/01/2044 | 440,606.25 | 135,042.39
11/01/2044 | 111,406.25 | 33,191.69
05/01/2045 | 451,406.25 | 130,733.73
11/01/2045 | 101,631.25 | 28,611.96
05/01/2046 | 461,631.25 | 126,332.73
11/01/2046 | 91,281.25 | 24,283.01
05/01/2047 | 471,281.25 | 121,871.31
11/01/2047 | 80,356.25 | 20,199.53
05/01/2048 | 480,356.25 | 117,377.64
11/01/2048 | 68,856.25 | 16,355.57
05/01/2049 | 493,856.25 | 114,031.04
11/01/2049 | 56,637.50 | 12,712.38
05/01/2050 | 506,637.50 | 110,540.26
11/01/2050 | 43,700.00 | 9,268.40
05/01/2051 | 523,700.00 | 107,970.80

PROOF OF ARBITRAGE YIELD
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Date

Debt Service

Present Value to 06/15/2023
@ 5.7451891700%

11/01/2051 | 29,900.00 | 5,992.32
05/01/2052 | 534,900.00 | 104,207.02
11/01/2052 | 15,381.25 | 2,912.84
05/01/2053 | 550,381.25 | 101,318.47
| 16,707,089.10 | 7,883,225.80
| Proceeds Summary |

Delivery date | 06/15/2023
Par Value | 7,940,000.00
Premium (Discount) | -56,774.20
Target for yield calculation | 7,883,225.80

BOND DEBT SERVICE
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Period Ending | Principal | Coupon | Interest | Debt Service | Annual Debt Service
06/15/2023 | | | | |
11/01/2023 | | | 168,198.47 | 168,198.47 |
05/01/2024 | 110,000 | 4.875% | 222,615.63 | 332,615.63 | 500,814.10
11/01/2024 | | | 219,934.38 | 219,934.38 |
05/01/2025 | 115,000 | 4.875% | 219,934.38 | 334,934.38 | 554,868.75
11/01/2025 | | | 217,131.25 | 217,131.25 |
05/01/2026 | 120,000 | 4.875% | 217,131.25 | 337,131.25 | 554,262.50
11/01/2026 | | | 214,206.25 | 214,206.25 |
05/01/2027 | 125,000 | 4.875% | 214,206.25 | 339,206.25 | 553,412.50
11/01/2027 | | | 211,159.38 | 211,159.38 |
05/01/2028 | 130,000 | 4.875% | 211,159.38 | 341,159.38 | 552,318.75
11/01/2028 | | | 207,990.63 | 207,990.63 |
05/01/2029 | 140,000 | 4.875% | 207,990.63 | 347,990.63 | 555,981.25
11/01/2029 | | | 204,578.13 | 204,578.13 |
05/01/2030 | 145,000 | 4.875% | 204,578.13 | 349,578.13 | 554,156.25
11/01/2030 | | | 201,043.75 | 201,043.75 |
05/01/2031 | 155,000 | 5.625% | 201,043.75 | 356,043.75 | 557,087.50
11/01/2031 | | | 196,684.38 | 196,684.38 |
05/01/2032 | 165,000 | 5.625% | 196,684.38 | 361,684.38 | 558,368.75
11/01/2032 | | | 192,043.75 | 192,043.75 |
05/01/2033 | 170,000 | 5.625% | 192,043.75 | 362,043.75 | 554,087.50
11/01/2033 | | | 187,262.50 | 187,262.50 |
05/01/2034 | 180,000 | 5.625% | 187,262.50 | 367,262.50 | 554,525.00
11/01/2034 | | | 182,200.00 | 182,200.00 |
05/01/2035 | 190,000 | 5.625% | 182,200.00 | 372,200.00 | 554,400.00
11/01/2035 | | | 176,856.25 | 176,856.25 |
05/01/2036 | 205,000 | 5.625% | 176,856.25 | 381,856.25 | 558,712.50
11/01/2036 | | | 171,090.63 | 171,090.63 |
05/01/2037 | 215,000 | 5.625% | 171,090.63 | 386,090.63 | 557,181.25
11/01/2037 | | | 165,043.75 | 165,043.75 |
05/01/2038 | 230,000 | 5.625% | 165,043.75 | 395,043.75 | 560,087.50
11/01/2038 | | | 158,575.00 | 158,575.00 |
05/01/2039 | 240,000 | 5.625% | 158,575.00 | 398,575.00 | 557,150.00
11/01/2039 | | | 151,825.00 | 151,825.00 |
05/01/2040 | 255,000 | 5.625% | 151,825.00 | 406,825.00 | 558,650.00
11/01/2040 | | | 144,653.13 | 144,653.13 |
05/01/2041 | 270,000 | 5.625% | 144,653.13 | 414,653.13 | 559,306.25
11/01/2041 | | | 137,059.38 | 137,059.38 |
05/01/2042 | 285,000 | 5.625% | 137,059.38 | 422,059.38 | 559,118.75
11/01/2042 | | | 129,043.75 | 129,043.75 |
05/01/2043 | 300,000 | 5.625% | 129,043.75 | 429,043.75 | 558,087.50
11/01/2043 | | | 120,606.25 | 120,606.25 |
05/01/2044 | 320,000 | 5.750% | 120,606.25 | 440,606.25 | 561,212.50
11/01/2044 | | | 111,406.25 | 111,406.25 |
05/01/2045 | 340,000 | 5.750% | 111,406.25 | 451,406.25 | 562,812.50
11/01/2045 | | | 101,631.25 | 101,631.25 |
05/01/2046 | 360,000 | 5.750% | 101,631.25 | 461,631.25 | 563,262.50
11/01/2046 | | | 91,281.25 | 91,281.25 |
05/01/2047 | 380,000 | 5.750% | 91,281.25 | 471,281.25 | 562,562.50
11/01/2047 | | | 80,356.25 | 80,356.25 |
05/01/2048 | 400,000 | 5.750% | 80,356.25 | 480,356.25 | 560,712.50
11/01/2048 | | | 68,856.25 | 68,856.25 |
05/01/2049 | 425,000 | 5.750% | 68,856.25 | 493,856.25 | 562,712.50
11/01/2049 | | | 56,637.50 | 56,637.50 |
05/01/2050 | 450,000 | 5.750% | 56,637.50 | 506,637.50 | 563,275.00
11/01/2050 | | | 43,700.00 | 43,700.00 |
05/01/2051 | 480,000 | 5.750% | 43,700.00 | 523,700.00 | 567,400.00

BOND DEBT SERVICE
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Period Ending | Principal | Coupon | Interest | Debt Service | Annual Debt Service
11/01/2051 | | | 29,900.00 | 29,900.00 |
05/01/2052 | 505,000 | 5.750% | 29,900.00 | 534,900.00 | 564,800.00
11/01/2052 | | | 15,381.25 | 15,381.25 |
05/01/2053 | 535,000 | 5.750% | 15,381.25 | 550,381.25 | 565,762.50
| 7,940,000 | | 8,767,089.10 | 16,707,089.10 | 16,707,089.10

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23 | Beg | Bal | -6,819,524.20 | -8,082,621.39
06/15/23 | | | 1,527,893.44 | 1,810,886.48
06/16/23 | | | 890.00 | 1,054.68
06/16/23 | | | 379,048.36 | 449,184.18
06/22/23 | | | 225,425.71 | 266,884.46
06/26/23 | | | 1,626,830.56 | 1,924,814.29
06/26/23 | | | 1,542.00 | 1,824.45
06/29/23 | | | 857.97 | 1,014.64
06/29/23 | | | 122,297.32 | 144,630.02
06/29/23 | | | 92,158.35 | 108,987.38
06/29/23 | | | 583,919.86 | 690,549.42
07/05/23 | | | 67,320.00 | 79,538.18
07/26/23 | | | 114,498.29 | 134,832.80
07/26/23 | | | 216,000.00 | 254,360.88
07/26/23 | | | 58,167.73 | 68,498.12
07/26/23 | | | 40,645.70 | 47,864.24
08/08/23 | | | 79,222.60 | 93,116.29
08/08/23 | | | 3,064.20 | 3,601.59
08/08/23 | | | 3,795.00 | 4,460.55
08/18/23 | | | 142,075.14 | 166,729.08
08/18/23 | | | 20,170.90 | 23,671.11
08/18/23 | | | 29,991.07 | 35,195.35
08/18/23 | | | 570,166.53 | 669,106.10
08/25/23 | | | 310.00 | 363.39
09/06/23 | | | 2,771.69 | 3,243.46
09/06/23 | | | 155.00 | 181.38
09/06/23 | | | 29,702.75 | 34,758.41
09/20/23 | | | 38,194.38 | 44,597.05
09/25/23 | | | 710,217.42 | 828,621.73
10/24/23 | | | 5,586.63 | 6,488.34
10/24/23 | | | 152,651.38 | 177,289.95
03/25/24 | | | 401.50 | 455.36
09/05/24 | | | -274,006.25 | -303,034.94
10/08/24 | | | 377.75 | 415.61
10/08/24 | | | 274,680.54 | 302,207.47
06/15/26 | TOTALS: | 27,499.32 | -6,229.91
ISSUE DATE:	06/15/23 | REBATABLE ARBITRAGE: | -6,229.91
COMP DATE:	06/15/26 | NET INCOME: | 27,499.32
BOND YIELD: 5.745189% | TAX INV YIELD: | 4.805564%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23 | Beg | Bal | -168,198.47 | -199,351.82
09/20/23 | | | 1,738.74 | 2,030.21
10/03/23 | | | 687.65 | 801.28
11/01/23 | | | 168,198.47 | 195,131.37
11/02/23 | | | 707.74 | 820.94
06/15/26 | TOTALS: | 3,134.13 | -568.01
ISSUE DATE:	06/15/23 | REBATABLE ARBITRAGE: | -568.01
COMP DATE:	06/15/26 | NET INCOME: | 3,134.13
BOND YIELD: 5.745189% | TAX INV YIELD: | 4.966642%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23 | Beg | Bal | -553,728.13 | -656,288.43
09/20/23 | | | 5,724.14 | 6,683.70
10/03/23 | | | 2,263.82 | 2,637.91
11/02/23 | | | 2,329.95 | 2,702.61
12/04/23 | | | 2,260.06 | 2,608.38
12/22/23 | | | 0.55 | 0.63
02/02/24 | | | 2,323.42 | 2,657.14
03/04/24 | | | 2,164.46 | 2,462.92
04/02/24 | | | 2,308.89 | 2,615.71
05/02/24 | | | 2,229.57 | 2,513.96
06/04/24 | | | 2,305.00 | 2,585.96
07/02/24 | | | 2,229.99 | 2,490.81
08/01/24 | | | 5,715.63 | 6,355.06
08/02/24 | | | 2,301.10 | 2,558.13
09/04/24 | | | 2,268.03 | 2,508.70
09/05/24 | | | 274,006.25 | 303,034.94
10/02/24 | | | 1,206.37 | 1,328.52
11/01/24 | | | 4,815.62 | 5,279.08
11/04/24 | | | 1,034.35 | 1,133.36
12/03/24 | | | 948.85 | 1,034.94
01/03/25 | | | 950.01 | 1,031.33
02/03/25 | | | 1,715.63 | 1,853.71
02/04/25 | | | 915.26 | 988.77
03/04/25 | | | 817.48 | 878.98
04/02/25 | | | 896.93 | 960.17
05/01/25 | | | 2,995.31 | 3,191.89
05/02/25 | | | 865.74 | 922.41
06/03/25 | | | 880.43 | 933.50
07/02/25 | | | 849.66 | 896.77
08/01/25 | | | 4,500.00 | 4,727.90
08/04/25 | | | 878.06 | 922.09
09/03/25 | | | 860.84 | 899.90
10/02/25 | | | 813.25 | 846.28
11/03/25 | | | 4,298.44 | 4,451.23
11/04/25 | | | 817.32 | 846.24
12/02/25 | | | 753.24 | 776.46
01/05/26 | | | 741.08 | 759.97
02/02/26 | | | 3,114.06 | 3,179.91
02/03/26 | | | 7,720.11 | 7,882.12
03/03/26 | | | 639.41 | 649.75
04/02/26 | | | 704.53 | 712.67
05/01/26 | | | 3,756.25 | 3,782.34
05/04/26 | | | 679.65 | 684.05
06/02/26 | | | 684.89 | 686.29

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
DATE | DESCRIPTION | RECEIPTS (PAYMENTS) | BOND YIELD OF (5.745189%)
06/15/26 | Bal | 248,810.94 | 248,810.94
06/15/26 | Acc | 333.62 | 333.62
06/15/26 | TOTALS: | 55,700.06 | -10,486.65
ISSUE DATE:	06/15/23 | REBATABLE ARBITRAGE: | -10,486.65
COMP DATE:	06/15/26 | NET INCOME: | 55,700.06
BOND YIELD: 5.745189% | TAX INV YIELD: | 4.900255%

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
DATE | DESCRIPTION | RECEIPTS (PAYMENTS) | BOND YIELD OF (5.745189%)
06/15/24 | | -2,070.00 | -2,318.30
06/15/25 | | -2,120.00 | -2,243.55
06/15/26 | | -2,170.00 | -2,170.00
06/15/26 | TOTALS: | -6,360.00 | -6,731.84

ISSUE DATE:	06/15/23 COMP DATE:	06/15/26
BOND YIELD: 5.745189%

REBATABLE ARBITRAGE:

-6,731.84

Section VII

Section C

September 23, 2026
Villamar CDD
Field Management Report

Completed Items
Maintenance team performed some supplemental trash pickup along with minor traffic and parking sign work.

Contracted Services
Mowing and detailing services are currently being executed in full accordance with the contract. The site remains neat; crews missed a small stretch between fence and rear of homes but rectified promptly.
Some areas around pond shorelines have been too wet mow with recent weather patterns.
Maintenance services renewals are ready for review for the fiscal year transition.

In Progress
Fence vendor is coordinating supplies. Repairs are expected to be completed promptly after the materials are delivered.
Approved dog stations were ordered. They will be installed once parts arrive with service lined up to begin immediately.
Solitude is reviewing fountain safety cutoff options for the proposed fountain following
direction from the previous meeting’s discussion.
Approved sod, mulch, and replacements are being coordinated as planned. Vendor met onsite with engineer and staff to review their notes and recommendations following the last meeting.

1

Villamar CDD | Marshall Tindall – Field Manager | mtindall@gmscfl.com | 407-346-2453

Section 1

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AMENDED AND RESTATED
AGREEMENT FOR JANITORIAL MAINTENANCE SERVICES
THIS AGREEMENT (the “Agreement”) is made and entered into this 15th day of May 2026, by and between:
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Winter Haven, Florida, with an address of c/o District Manager, Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (the “District”); and

CSS Clean Star Services of Central Florida, Inc., a Florida corporation
with a mailing address of 11121 Camden Park Drive, Windermere, Florida 34786 (the “Contractor,” together with District, the “Parties”).
RECITALS
Whereas, the District is a local unit of special-purpose government established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes; and

WHEREAS, the District owns, operates and/or maintains a recreation area inclusive of restrooms, covered patio areas, cabanas, and lanai (together, the “Facilities”); and

WHEREAS, the District desires to enter into an agreement with an independent contractor to provide janitorial maintenance services for the Facilities (the “Services”); and
Whereas, the Parties have previously entered into an agreement to provide the Services;
and
Whereas, the Parties now desire to enter into this Agreement and for this Agreement to supersede and replace all previously executed agreements related to the Services; and
WHEREAS, Contractor represents that it is qualified to provide janitorial maintenance services and has agreed to provide to the District those services identified in Contractor’s proposal attached hereto as Exhibit A and incorporated by reference herein; and
Whereas, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.
Now, therefore, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows:
Section 1.	Incorporation of Recitals.  The recitals so stated are true and correct

and by this reference are incorporated into and form a material part of this Agreement.
Section 2.	Description of Work and Services.

The District desires that the Contractor provide professional janitorial maintenance services within presently accepted standards, three (3) times per week for the months of September through April, five (5) times per week for the months of May through August, as well as additional janitorial services further described in Exhibit A, and provide necessary materials as needed. To the extent any of the provisions of this Agreement are in conflict with the provisions of Exhibit A, this Agreement controls.

While providing the Services, the Contractor shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services.
Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District.

This Agreement grants Contractor the right to enter the lands that are subject to this Agreement, for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, and regulations.

The District Designee (as hereinafter defined) shall have the authority to expand the Services to include additional trash cans and pet waste stations as additional trash cans and/or pet waste stations are installed within the District boundaries (“Additional Containers”), and Contractor agrees to provide Services to Additional Containers in accordance with the terms of this Agreement. The Parties agree to amend Contractor’s compensation for servicing Additional Containers in accordance with the unit prices set forth in Exhibit A. Such amendments must be executed in a writing signed by both Parties in accordance with Section 20 of this Agreement.

Section 3.  Manner of Contractor’s Performance. The Contractor agrees, as an independent contractor, to undertake work and/or perform such services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of the Services by the Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.

Should any work and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the

proper provision of services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.
The Contractor agrees that the District shall not be liable for the payment of any work or services not included in Exhibit A unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work.

The District shall designate in writing a person to act as the District’s representative (the “District Designee”) with respect to the services to be performed under this Agreement. The District Designee shall have complete authority to transmit instructions, receive information interpret and define the District’s policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor’s services.

The District hereby designates the District Manager to act as District Designee.
Upon request by the District Manager, the Contractor agrees to meet with the District Designee, or his or her representative, to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement.
Contractor shall use all due care to protect the property of the District, its residents, and landowners from damage. Contractor agrees, at Contractor’s sole cost and expense, to repair any damage resulting from Contractor’s activities and work within twenty-four (24) hours.

Section 4.	Compensation; Term.

Upon commencement of providing the Services described in this Agreement, the District agrees to pay the Contractor One Thousand Five Hundred Fifty Dollars and No Cents ($1,550.00) per month for the months of August through April and One Thousand Eight Hundred Ninety Dollars and Zero Cents ($1,890.00) for an annual total not to exceed Nineteen Thousand Nine Hundred Sixty Dollars and No Cents ($19,960.00) in accordance with the unit prices in Exhibit A. Additional services shall be performed at the prices stated in Exhibit A. All invoices are due and payable in accordance with Florida’s Local Government Prompt Payment Act, Sections 218.70 through 218.80, Florida Statutes.
The initial term of this Agreement shall be from the effective date written above through September 30, 2027, unless terminated earlier by either party in accordance with the provisions of this Agreement. This Agreement may automatically renew for up to four (4) additional one (1) year terms, unless written notice is provided in accordance with Section 13 of this Agreement.

Any increase in price or change in scope of services must be approved in writing, executed by both Parties, prior to implementation of same; any change in price without such executed, written agreement shall be null and void.

If the District should desire additional work or services, or to add additional areas to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the Parties shall agree in writing to an addendum, addenda, or change order to this Agreement. The Contractor shall be compensated for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing.
The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, materialmen, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen’s Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

The Contractor shall maintain records conforming to usual accounting practices. As soon as may be practicable at the beginning of each month, the Contractor shall invoice the District for all services performed in the prior month and any other sums due to the Contractor. The District shall pay the invoice amount within thirty (30) days after the invoice date. The Contractor may cease performing services under this Agreement if any payment due hereunder is not paid within thirty (30) days of the invoice date. Each monthly invoice will include such supporting information as the District may reasonably require the Contractor to provide.

Section 5.	Insurance.

The Contractor shall maintain throughout the term of this Agreement the following insurance:

Workers’ Compensation Insurance in accordance with the laws of the State of Florida.
Commercial General Liability Insurance covering the Contractor’s

legal liability for bodily injuries, with limits of not less than
$1,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:
(i) Independent Contractors Coverage for bodily injury and property damage in connection with any subcontractors’ operation.
Employer’s Liability Coverage with limits of at least $1,000,000
(one million dollars) per accident or disease.
Automobile Liability Insurance for bodily injuries in limits of not less than $1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

The District, its staff, consultants and supervisors shall be named as additional insured on the above-referenced policies, except Workers’ Compensation and Employer’s Liability coverages. All above-referenced insurance policies shall be considered primary and non-contributory with respect to the additional insureds, and all required insurance policies shall be endorsed to provide for a waiver of underwriter’s rights of subrogation in favor of the additional insureds. The Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida.

If the Contractor fails to have secured and maintained the required insurance, the District has the right but not the obligation to secure such required insurance in which event the Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Section 6.	Indemnification.

Contractor agrees to defend, indemnify, and hold harmless the District and its officers, agents, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses, damages, penalties, fines, judgments

against the District, or loss or damage, whether monetary or otherwise, arising out of, wholly or in part by, or in connection with the Services to be performed by Contractor, its subcontractors, its employees and agents in connection with this Agreement, including litigation, mediation, arbitration, appellate, or settlement proceedings with respect thereto. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in Section 768.28, Florida Statutes, or other statute.
Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, fines, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorneys’ fees, paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), any interest actually incurred.

Section 7. Sovereign Immunity. Nothing in this Agreement shall be deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set forth in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third-party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation of law.
Section 8.	Compliance with Governmental Regulation. The Contractor shall
keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If the Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Section 9.  Liens and Claims. The Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District’s property free from any materialmen’s or mechanic’s liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor’s performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

Section 10.	Default and Protection Against Third-Party Interference. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third-party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third-party to this Agreement.
Section 11. Custom and Usage. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.
Section 12. Successors. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.

Section 13. Termination. The District agrees that the Contractor may terminate this Agreement with cause by providing thirty (30) days’ written notice of termination to the District stating a failure of the District to perform according to the terms of this Agreement; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days’ written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all work and/or services rendered up until the effective termination of this Agreement, subject to whatever claims or off-sets the District may have against the Contractor.
Section 14. Permits and Licenses. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the District. All other permits or licenses necessary for the Contractor to perform under this Agreement shall be obtained and paid for by the Contractor.

Section 15. Assignment. Neither the District nor the Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such approval shall be void.

Section 16. Independent Contractor Status. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor. Neither the Contractor nor employees of the Contractor, if there are any, are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance

of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

Section 17. Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.
Section 18. Enforcement of Agreement. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity. In the event that either the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 19. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement. None of the provisions of Exhibit A shall apply to this Agreement, except to the extent that it states the scope of services and unit prices for the labor and materials to be provided under this Agreement.
Section 20. Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the Parties.
Section 21. Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of the Parties, the Parties have complied with all the requirements of law, and the Parties have full power and authority to comply with the terms and provisions of this Agreement.

SECTION 22. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notice” or “Notices”) shall be in writing and shall be hand delivered, mailed by First Class Mail, postage prepaid, or sent by overnight delivery service, to the Parties, as follows:

If to District:	VillaMar CDD
Governmental Management Services-CF, LLC 219 East Livingston Street
Orlando, Florida 32801 Attn: District Manager
With a copy to:	Kilinski Van Wyk, PLLC 517 East College Avenue Tallahassee, Florida 32301
Attn: District Counsel, VillaMar CDD

If to Contractor:	CSS Clean Star Services of
Central Florida, Inc. 11121 Camden Park Drive
Windermere, Florida 34786 Attn: Tracy Chacon
Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Contractor may deliver Notices on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the Parties and addressees set forth in this Agreement.

Section 23. Third-Party Beneficiaries. This Agreement is solely for the benefit of the Parties hereto and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third-party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors, and assigns.

Section 24. Controlling Law and Venue. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. All actions and disputes shall be brought in the proper court and venue, which shall be in Polk County, Florida.

SECTION 25. COMPLIANCE WITH PUBLIC RECORDS LAWS. Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited, to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Jill Burns (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Contractor shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Contractor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the

District, at no cost, all public records in the Contractor’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Contractor, Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 841-5524, JBURNS@GMSCFL.COM, OR AT 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801.

Section 26. Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.
Section 27. Arm’s Length Transaction. This Agreement has been negotiated fully between the Parties as an arm’s length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.

Section 28. Counterparts. This instrument may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

Section 29. E-Verify. The Contractor shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statute, Contractor shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.09(1), Florida Statutes. If the Contractor anticipates entering into agreements with a subcontractor for the Work, Contractor will not enter into the subcontractor agreement without first receiving an affidavit from the subcontractor regarding compliance with Section 448.095, Florida Statutes, and stating that the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of such affidavit for the duration of the agreement and provide a copy to the District upon request. In the event that the District has a good faith belief that a subcontractor has knowingly violated Section 448.095, Florida Statutes, but the Contractor has otherwise complied

with its obligations hereunder, the District shall promptly notify the Contractor. The Contractor agrees to immediately terminate the agreement with the subcontractor upon notice from the District. Further, absent such notification from the District, the Contractor or any subcontractor who has a good faith belief that a person or entity with which it is contracting has knowingly violated Section 448.09(1), Florida Statutes, shall promptly terminate its agreement with such person or entity. By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(5)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.
Section 30. Foreign Influence. Contractor understands that under Section 286.101, Florida Statutes, that Contractor must disclose any current or prior interest, any contract with, or any grant or gift from a foreign country of concern as that term is defined within the above referenced statute.

Section 31. Scrutinized Companies Statement. In accordance with Section 287.135, Florida Statutes, Contractor represents that in entering into this Agreement, neither it nor any of its officers, directors, executives, partners, shareholders, members, or agents is on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in Iran Terrorism Sectors List, or the Scrutinized Companies or Other Entities that Boycott Israel List created pursuant to Sections 215.4725 and 215.473, Florida Statutes, and in the event such status changes, Contractor shall immediately notify the District. If Contractor is found to have submitted a false statement, has been placed on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in Iran Terrorism Sectors List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies or Other Entities that Boycott Israel List, or engaged in a boycott of Israel, the District may immediately terminate this Agreement.

Section 32. Anti-Human Trafficking Requirements. Contractor certifies, by acceptance of this Agreement, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. Contractor agrees to execute an affidavit, in compliance with Section 787.06(14), Florida Statutes.

[Signatures on Following Page]

[Signature page to Agreement for Janitorial Maintenance Services]

In witness whereof, the Parties hereto have signed and sealed this Agreement on the day and year first written above.
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

CSS CLEAN STAR SERVICES OF CENTRAL FLORIDA, INC., a Florida

corporation

Tracy Chacon, President

Exhibit A: Contractor’s Proposal

Exhibit A
Contractor’s Proposal

| # of MONTHS | Qty Receptac les | Cost Per Service Item | Month Rate | Year Rate
Janitorial 3x per week: Amenity building cleaning | 8 | | | $500 | $4,000
5x per week: Amenity building cleaning | 4 | | | $840 | $3,360
Garbage - Mail Area @ plaground (3x week) | 12 | 1 | $100 | $100 | $1,200
Garbage - Pool Area (3x week) | 12 | 6 | $75 | $450 | $5,400
Garbage - Phase 7 (2x week) | 12 | 3 | $50 | $150 | $1,800
Dog Stations (2x week) | 12 | 7 | $50 | $350 | $4,200

2x Week at $50 per can per month 3x Week at $75 per can per month
(MAIL ) 3x Week at $100 per can per month

| Subtotal | $19,960

In addition to the waste management services, Contractor shall also provide pet waste station dispenser bags, as requested by the District, for Ten Dollars and no Cents ($10.00) per box.

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Villamar optional additional services
3 messages

Marshall Tindall <mtindall@gmscfl.com>

tchacon starcss.com <tchacon@starcss.com>	Fri, Mar 6, 2026 at 11:30 AM
To: Marshall Tindall <mtindall@gmscfl.com>

Good afternoon.
Villamar Janitorial services are currently at $ 450.00 monthly. We want to propose an adjustment to $ 500.00 monthly.
The attachment has the options in additional day of service for spring break and then 4 or 5 days a week for the summer months. Please let me know what you think!!
I will be sending one email per property.
😉

Tracy Chacon President CSS (407)456-9174
tchacon@starcss.com

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. If you are not the named addressee you should not disseminate,distribute or copy this e-mail.
Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your
system

Villamar Additional Optional Services.pdf

231K

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PROPOSAL
DATE	March 6, 2026
CUSTOMER NAME	Villamar
ADDRESS	Davenport
REQUESTED BY	Marshall Tindall

Additional One day of Service for Spring Break Week	$ 60.00 Summer Schedule Options for the month of July - August
(the months can be changed upon coordination)
One Additional Day of Service every week	$ 160.00 monthly (janitorial services 4^th day a week)
Second Additional Days of Service every week	$ 180.00 monthly (janitorial services 5^th day a week, to be a Sunday)
Air freshener services:
Air freshener dispenser installation, with scent included	$ 50.00 reach Monthly Service, price per dispenser	$ 15.00 monthly

Deep clean and sanitization of tile and grout or rough floors
in restrooms (recommended at least once a year)	$ 250.00
Pressure wash covered patio floors	$ 180.00 Wash pool furniture, chairs and tanning chairs, price per piece	$ 9.00 each

CSS Clean Star Services of Central Florida, INC
Tracy Chacon	Sandro Di Lollo
(407) 456-9174	(407) 668-1338
tchacon@starcss.com	sdilollo@starcss.com

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Villamar CDD: Janitorial & Waste Summary
2027 Budget | | | $0
Vendor: Clean Star Services Summary of services
| # of MONTHS | Qty	Cost Per Receptacl Service es	Item | Month Rate | Year Rate
Janitorial 3x per week: Amenity building service | 12 | | | $500 | $6,000
1x year: Deep Clean Restrooms tile and grout | | | | | $250
[NEW] Air freshener service M/W Restrooms | 12 | 2 | $15 | $30 | $360
Garbage - Mail Area @ plaground (3x week) | 12 | 1 | $100 | $100 | $1,200
Garbage - Pool Area (3x week) | 12 | 6 | $75 | $450 | $5,400
| | | $50 | $0 | $0
Garbage - Ph7 Playground/Common Area | 12 | 3 | $50 | $150 | $1,800
| | | $50 | $0 | $0
Dog stations added from Mar'26 BOS | 12 | 6 | $50 | $300 | $3,600
Dog stations - Ph7 Dog park- (2x week) | 12 | 1 | $50 | $50 | $600
Dog stations added from Aug'26 BOS | 12 | 5 | $50 | $250 | $3,000
| 12 | | $50 | $0 | $0
| | | | $0 | $0

2x Week at $50 per can per month 3x Week at $75 per can per month
(MAIL ) 3x Week at $100 per can per month

| Subtotal | $22,210

Seasonal Services (Partial Year Extra)
| # of MONTHS | Qty Receptacl es | Extra Cost PER CAN | Extra Cost PER MONTH | Extra Cost Annually For Seasonal Item

Amenity Garbarge
+1 Additional weekly garbage empties at Amenity pool (increase from x2 to x3 week) (Apr-Sept)

6

6

$25

$150

$900

Amenity: +1 Additional cleaning service day (=4x per week) (April, May, Jun, Sept) | 4 | | | $160 | $640
Amenity: +2 Additional cleaning service day (=5x per week). (Jul, Aug) | 2 | | | $340 | $680

Amenity: +1 Extra Service Day Spring Break Week | | | | | $60

Total | $24,490

Variable Forecasting : Dog Bags** Assume about x3 bags per month | | 12 | $400 | | $4,800
| Total For Base Budget | $29,290

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Villamar COD
Dog Stations (12)
CommonAreaTrash (4) Pool Deck Trash (6)

Ot.x-10
W1nt111 Haven

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AMENDMENT TO AGREEMENT FOR POOL MAINTENANCE SERVICES
(Fiscal Year 2026 Renewal)

THIS AMENDMENT (the “Amendment”) is made effective as of the 1^st day of October 2025, by and between:

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, with a mailing address of c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (the “District”); and

Roger James McDonnell d/b/a Resort Pool Services, with a mailing
address of 14525 Johns Lake Road, Clermont, Florida 34711 (the “Contractor,” and together with District the “Parties”).

RECITALS

WHEREAS, the District and Contractor previously entered into that certain Agreement for Pool Maintenance Services, dated May 1, 2022 (the “Agreement”), incorporated herein by this reference; and

Whereas, Section 3.C. of the Agreement provides that the Agreement shall automatically renew; and

Whereas, Section 19 of the Agreement provides that any changes relating to the subject matter of the Agreement shall be agreed to in writing and executed by the Parties; and

WHEREAS, the Parties now desire to renew the Agreement for an additional one (1) year term and amend the amount of compensation, as set forth in Exhibit A attached hereto and incorporated herein by reference; and
Whereas, the District and Contractor each represent that it has the authority to execute this Amendment and to perform its obligations and duties hereunder, and each has satisfied all conditions precedent to the execution of this Amendment so that this Amendment constitutes a legal and binding obligation of each party hereto.

Now, therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

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

Section 2. Amendments. Pursuant to Section 19 of the Agreement, the District and Contractor agree to amend the Agreement as follows:

Exhibit A of the Agreement is replaced in its entirety by Exhibit A to this Amendment, which is attached hereto, and shall be incorporated as Exhibit A to the Agreement. Accordingly, the definition of and all references to “Services” in the Agreement shall be read to reflect the revised Scope of Services as detailed in Exhibit A to this Amendment.

Section 3, Compensation and Term, of the Agreement is amended as follows:
Subsection A. shall be revised in its entirety to read:
“A. The District agrees to compensate Contractor Two Thousand Nine Hundred Fifty-Five Dollars and No Cents ($2,955.00) per month for providing the Services as set forth in this Agreement, as amended from time to time, which annual total shall not exceed Thirty-Five Thousand Four Hundred Sixty Dollars and No Cents ($35,460.00).”

Section 3.  Affirmation of the Agreement. The District and Contractor agree that nothing contained herein shall alter or amend the Parties’ rights and obligations under the Agreement, except to the extent set forth in this Amendment. The Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the Parties.

Section 4. Authorization. The execution of this Amendment has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the Contractor have full power and authority to comply with the terms and provisions of this Amendment.
Section 5. Execution in Counterparts. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument.

Section 6. Anti-Human Trafficking Requirements. Contractor certifies, by acceptance of this Amendment, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. Contractor agrees to execute the affidavit, in a form acceptable to the District, in compliance with Section 787.06(13), Florida Statutes.

[signatures on following page]

In witness whereof, the Parties execute this Addendum to be effective October 1,
2025.

Chairperson, Board of Supervisors

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT

ROGER JAMES MCDONNELL D/B/A RESORT POOL SERVICES

By:   ^Simon ^McDonnell	
^Its: 	Manager	

Exhibit A:	Resort Pool Services FY 2026 Proposal

Exhibit A
Contractor’s Fiscal Year 2026 Proposal

Section 1

SERVICE RATE INCREASE
VILLAMAR

Dear Valued Customer,

We hope this message finds you well. We would like to thank you for your continued trust in our pool cleaning services. It has been our pleasure to serve you, and we remain committed to providing reliable, high-quality care for your pool.

Due to rising operational costs, including supplies, equipment maintenance, and labor, we must implement a rate adjustment to continue delivering the level of service you expect and deserve. Effective October 1, 2026, our service rate will increase from $2955 to $3025.
We understand that any price change is important, and this adjustment was made only after careful consideration. Our goal is to maintain consistent service standards while ensuring the long-term sustainability of our operations.

If you have any questions or would like to discuss this change, please do not hesitate to contact us at. We truly appreciate your understanding and ongoing business, and we look forward to continuing to serve you.

Sincerely,
Simon McDonnell Resort Pool Services 321-689-6210
Resortpoolservice@gmail.com

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AGREEMENT BETWEEN MASSEY SERVICES INC. AND THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT REGARDING THE PROVISION OF PEST CONTROL SERVICES

/Jv;

,.)	J,
This Agreement is made and entered into this "2..) day of	,,,y	, 2021, by and
between:

VillaMar Community Development District, a special-purpose unit of local government established and existing pursuant to Chapter 190, Florida Statutes, with a mailing address of 219 East Livingston Street, Orlando, Florida 32801 (the "District"); and

Massey Services Inc., a Florida corporation, with a mailing address of 2105 Dundee Road, Dundee, Florida 33844 (the "Contractor" and, together with the District, the "Parties").

RECITALS

WHEREAS, the District was established by ordinance of the Board of City Commission of the City of Winter Haven, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District desires to retain an independent contractor to provide services for those lands known as VillaMar within the District, and further identified in this Agreement; and

WHEREAS, Contractor represents that it is qualified to serve as a pest control specialist and has agreed to provide to the District those services as more particularly described m Contractor's proposal attached hereto as Exhibit A, and incorporated herein ("Services"); and

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows;

INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated herein and form a material part of this Agreement.

DESCRIPTION OF WORK AND SERVICES.

The District desires that the Contractor provide professional Services within presently accepted industry standards. Upon all Parties executing this Agreement, the Contractor shall provide the District with the specific services as set forth in this Agreement and the Exhibits attached hereto.

While providing the services identified in this Agreement, the Contractor shall assign such staff as may be required, and such staff shall be

responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services to the sole satisfaction of the District.

The Contractor shall provide the specific professional Services as described in Paragraph 3 of this Agreement.

SCOPE OF SERVICES. The duties, obligations, and responsibilities of the Contractor are those described in this Agreement and the attached exhibits. Contractor agrees to provide such Services for the lands identified by highlights in the Service Area Map attached hereto as Exhibit B. Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District.

MANNER OF CONTRACTOR'S PERFORMANCE. The Contractor agrees, as an independent contractor, to undertake work and/or perform or have performed such Services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor.  All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with presently accepted industry standards. The performance of all Services by the Contractor under this Agreement and related to this Agreement, including any additional services or work authorized by an amendment, addendum or work authorizations issued pursuant to this Agreement, shall conform to any written instructions issued by the District.

Should any work and/or services be required which are not specified in this Agreement or any written amendment, addenda or work authorization but which are nevertheless necessary for the proper provision of services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

The Contractor agrees that the District shall not be liable for the payment of any work or services unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work.

The District shall designate in wntmg a person to act as the District's representative with respect to the Services to be performed under this Agreement. The District's representative shall have complete authority to transmit instructions, receive information, interpret and define the District's policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor's services.

The District hereby designates the District Manager and his or her representative to act as the District's representative.

The Contractor agrees to meet with the District's representative no less than one (1) time per month to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement.

In the event that time is lost due to heavy rains ("Rain Days"), the Contractor agrees to reschedule its employees and divide their time accordingly to complete all scheduled services during the time during the same week as any Rain Days. The Contractor shall provide services on Saturdays if needed to make up Rain Days, but shall not provide services on Sundays.

Contractor shall use all due care to protect the property of the District, its residents, and landowners from damage. Contractor agrees to repair any damage resulting from Contractor's activities and work within twenty-four
(24) hours.

Contractor shall be obligated to ensure that all trees, plants or other vegetation that are located near any roadways and being maintained in accordance with this Agreement comply with all local, State and Federal line-of-sight requirements, among any other applicable regulations.
COMPENSATION; TERM.
As compensation for services described in this Agreement, the District agrees to pay the Contractor Fifty Dollars ($50.00) per month for an annual total of Six Hundred Dollars ($600.00) as more particularly set forth in Exhibit B. Work shall commence upon execution of this Agreement and shal I continue for a period of twelve ( 12) months, unless terminated earlier in accordance with Section 13 below or renewed in accordance with Section 5(B), below.

This Agreement may be renewed for four (4) additional one (I )-year terms by a written agreement duly executed by the Parties, at the prices provided in Section 5(A) above.	Such renewals shall be contingent upon satisfactory performance evaluations by the District and subject to the availability of funds.
If the District should desire additional work or services, or to add additional lands to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services in accordance with the unit prices set forth in Exhibit B or upon a negotiated price between the Parties. Upon successful negotiations, the Parties shall agree in writing to an addendum, addenda, work authorization(s) or change order(s) to this Agreement. The Contractor shall be compensated for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing.

Additional services not included in the Scope of Services can be provided by the Contractor. However, no additional services shall be provided by the Contractor unless done at the written direction of the District. Fees for

such additional services shall be as provided for in the attached Exhibit, or, if not identified, as negotiated between the District and the Contractor.

The District may require, as a condition precedent to making any payment to the Contractor, that all subcontractors, materialmen, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, materialmen, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Worker's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

The Contractor shall maintain records conforming to usual accounting practices. Further, the Contractor agrees to render monthly invoices to the District, in writing, which shall be delivered or mailed to the District by the fifth (5th) day of the next succeeding month. These monthly invoices are due and payable within forty-five (45) days of receipt by the District. Each monthly invoice shall include such supporting information as the District may reasonably require the Contractor to provide.

INSURANCE.

The Contractor or any subcontractor performing the work described in this Agreement shall maintain throughout the term of this Agreement the following insurance:

Worker's Compensation Insurance in accordance with the laws of the State of Florida.

Commercial General Liability Insurance covering the Contractor's legal liability for bodily injuries, with limits of not less than
$1,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:

Independent Contractors Coverage for bodily injury and property damage in connection with subcontractors' operation.

Employer's Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.

Automobile Liability Insurance for bodily injuries in limits of not less than $1,000,000 combined single limit bodily injury and for propetiy damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

The District, its staff, consultants, agents and supervisors shall be named as additional insureds and certificate holders. The Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida, and such carrier shall have a Best's Insurance Reports rating of at least A-VII.

If the Contractor fails to have secured and maintained the required insurance, the District has the right (without any obligation to do so, however), to secure such required insurance in which event, the Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District's obtaining the required insurance.

INDEMNIFICATION.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, and paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.

Contractor agrees to defend, indemnify and hold harmless the District and its officers, agents, staff and employees from any and all liability, claims, actions, suits or demands by any person, corporation or other entity for injuries, death, property damage or of any nature, arising out of, or in connection with, wholly or in part by, the work to be performed by Contractor. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in Section 768.28, Florida Statutes, or other statute. Any subcontractor retained by the Contractor shall acknowledge in writing such subcontractor's acceptance of the terms of this Section 7.

COMPLIANCE WITH GOVERNMENTAL REGULATION. The Contractor shall keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If the Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an

alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective immediately upon the giving of notice of termination.

LIENS AND CLAIMS. The Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District's property free from any materialmen's or mechanic's liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor's performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A default
by either Party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third pa1ty. Nothing contained in this Agreement shall limit or impair the District's right to protect its rights from interference by a third pmty to this Agreement.

CUSTOM AND USAGE. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

SUCCESSORS. This Agreement shal I inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.

TERMINATION. The District agrees that the Contractor may terminate this Agreement with cause by providing thirty (30) days' written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement; and that the Contractor may terminate this Agreement for any reason by providing ninety (90) days' written notice of termination to the District. The Contractor agrees that the District may terminate this Agreement immediately with cause by providing written notice of termination to the Contractor. The District may terminate this Agreement without cause by providing thirty (30) days' written notice of termination to the

Contractor. Upon any termination of this Agreement, the Contractor shall be entitled to payment for all work and/or services rendered up until the effective termination of this Agreement, subject to whatever claims or off-sets the District may have against the Contractor.

PERMITS AND LICENSES. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the District. All other permits or licenses necessary for the Contractor to perform under this Agreement shall be obtained and paid for by the Contractor.

ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such written approval shall be null and void.

INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor.  Neither the Contractor nor employees of the Contractor, if there are any, are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance of this Agreement.  The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

ENFORCEMENT OF AGREEMENT. In the event that either the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees, paralegal fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AGREEMENT. This instrument, together with its Exhibit, shall constitute the final and complete expression of this Agreement between the District and the Contractor relating to the subject matter of this Agreement.  Exhibits attached hereto are provided to clarify the terms of the Agreement. To the extent that any terms and provisions of Exhibit A and Exhibit B conflict with the terms and provisions of this Agreement, this Agreement shall control.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Contractor.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Contractor, both the District and the Contractor have complied with all the requirements of law, and both the District and the

Contractor have full power and authority to comply with the terms and provisions of this instrument.

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

If to the District:

With a copy to:

If to the Contractor:

VillaMar
Community Development District 219 East Livingston Street Orlando, Florida 3280 I
Attn: District Manager

KE Law Group, PLLC. Post Office Box 6386 Tallahassee, Florida 32314 Attn: District Counsel

Massey Services Inc. 2105 Dundee Road
Dundee, Florida 33844 Attn: Nathan Hogrefe

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

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

CONTROLLING LA w; VENUE. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State

of Florida. The exclusive venue for any dispute arising under this Agreement shall be in a court of appropriate jurisdiction in and for Polk County, Florida.

EFFECTIVE DATE. This Agreement shall be effective upon the date first written above and shall remain in effect for a period of twelve (12) months, unless terminated earlier by either of the District or the Contractor in accordance with the provisions of this Agreement.

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

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 841-5524, JBURNS@GMSCFL.COM, OR 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801.
E-VERIFY. The Engineer shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, beginning January 1, 2021, to the extent required by Florida Statute, Contractor shall register with and use the United States Department of Homeland Security's E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.091, Florida Statutes. If the Contractor anticipates entering into agreements with a subcontractor for the Work, Contractor will not enter into the subcontractor agreement without first receiving an affidavit from the subcontractor regarding compliance with Section 448.095, Florida Statutes, and stating that the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of such affidavit for the duration of the

agreement and provide a copy to the District upon request.

In the event that the District has a good faith belief that a subcontractor has knowingly violated Section 448.095, Florida Statutes, but the Contractor has otherwise complied with its obligations hereunder, the District shall promptly notify the Contractor. The Contractor agrees to immediately terminate the agreement with the subcontractor upon notice from the District. Further, absent such notification from the District, the Contractor or any subcontractor who has a good faith belief that a person or entity with which it is contracting has knowingly violated s. 448.09(1), Florida Statutes, shall promptly terminate its agreement with such person or entity. By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

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

SCRUTINIZED COMPANIES STATEMENT. The Contractor certifies that it is not in violation of Section 287.135, Florida Statutes, and is not prohibited from doing business with the District under Florida law, including but not limited to Scrutinized Companies with Activities in Sudan List or Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List. If Contractor is found to have submitted a false statement, has been placed on the Scrutinized Companies with Activities in Sudan List or the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies that Boycott Israel List, or engaged in a boycott of Israel, the District may immediately terminate this Agreement.

COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument.

[Remainder of page lei intentionally blank]

IN WITNESS WHEREOF, the parties hereto have signed this Amendment to Agreement on the day and year first written above.

WITNESS:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

WITNESS:	MASSEY SERVICES, INC.

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By: f>IIAu��e	l.J, II.•y 

f.ifme of Witness

Title:  fie,,.,-""- I	&l.c"'--	p,..._,.

Exhibit A: Scope of Services Exhibit B: Location Map

MAssE!I | PEST PREVENTION AGREEMENT

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WeCare@MasseyScrvices.com MasseyScrvicc:i.com • l-888-2MASSEY (262-7739)
^!,,l ^I ^L(..�d!J.i!l.f2.	^CD.Q	/YITIAIO,!lt.L �  C-J.tZS:�£(...c_a/,1	^{Lo_ ^2 ^'3.tL'2 ^2.':f..5.3

^Firs, ^Name	^Ml	_Lasl _Name	_Email _Address	Primary Phone (Mobile/Work/Home)
us	Ct,N,U/..<JC,t!.d"""-  _12D					
^Address ^ofTrcaled ^Structure	_Billing _Address _(if _different)	Alternate Phone (Mobile/Work/Home)
^W£A..IT€R	^f1,tfv€:,,(.} ^FL- _33:ae _v	_{! _01..,/t!.				&i,3  _Z!r9  _II _Sl	
^City	^Slale	^Zip	^County	Cily	^State	Zip	^County	^Massey ^Services ^Phone
Masse�Services Address

I. SCOPE OF SERVICE
^MASSEY'S ^Pest ^Prevention ^Program ^is ^a ^cooperative ^effort ^between ^MASSEY ^SERVICES. ^fNC. and the CUSTOMER
PEST PREVENTIO  SERVICES WD...L DE PROVIDED FOR:
Roaches, Ants, Spiders, Silverfi h. Rm.s, Mice, lnlerior Fleas and Ticks, Other

MASSEY AGREES:
I - Initial S1:CYit!.

^To ^eliminate ^any ^existing ^pesl ^problem inside your home within 30 days from our firs1 service, and/or,
Toprovide pest prevention services to correct conditions, avenues and sources of potential pest infestation.
	2. R1:�11lar Si;b!:;!;lul1:d Si:odi:c·	
To direcl subsequent service OUTSIDE YOUR HOME for the purpose of preventing pest re-entry and infestation.
When pest sightings occur inside your home (an occasio,,al pesr sighli11g is to be expectetf), and MASSEY is concac1ed, MASSEY will immediately schedule additional service, and gua.rantees lo provide that service, at your convenience within 24 hours, at no addilional cost to you.
C. CUSTOMER AGREES:
I. Tomake the premises available for inspection and service in order 10 maintain lhe effecliveness of our Pest Prevention Program and the integrity of our guarantee.
To assist in identifying and correcling ex.isling and potential conditions, avenues and sources of pest re-entry and infestation by contacting MASSEY when such is ues present themselves.
To cont.act MASSEY for additional service when pest sightings occur inside the home. This service will be provided at no additional cost to you.
D. TERMS OF AGREEMENT
This Agreement will be in effect for an original period of twelve months and shall renew itself on a monlb-to-month basis thereafter. unless wrincn notice is given by either party lhirty (30) days prior Lo lhe anniversary date of the Agreement.
lf customer becomes di alisfied with MASSEY'S service, or relocates during lhe initial one year period, the CUSTOMER may cancel this Agreement
by giving thirty (30) days written notice.
MASSEY reserves the right to adjust the service charge anytime after the second year.
[I]. ALLERGIF.S AND SENSITIVITIES: lf you or any occupants are prone to allergic reactions or sensitivities to dust. pollen, odors, chemicals, solvents, etc.. or suffer from any respiratory illness, you should consult your physician before any service is performed on your property.
IV. SPECJAL TERMS AND CONDITIONS: This Agreement i  ^ubject ^to ^the ^Special ^Terms ^and ^Conditions ^outlined ^on ^the ^reverse ^side ^hereof.

SPECIAL lNSTRUCTIONS/COMME ^TS: 	
_T&.� Po(2_'-,_ O,!;C,.1£, FC-UC� t..lA.J€:, ^fZ.t!!i_T@.00"1. ^S: ^C/41'1�{.t!,,,LC,. /!..aa,.,,,�, _d&.-:12  7"'/2...£8-,7  _�LA-�G _f2. _1:.1,NO

�-11: ^Q.J,,,,!. ^a':z:::H.l!:..fl. ^S.£12£. ^Qf:	^IJA-2.i<...i6.l.G ^£OI, ^1-lt:J:.V ^I.V ^!3 ^l.A-(ZG� ^Ca;V,g;	^�J  ^tj_lJ<U;r_  ^.S-13112£ ^.e...s:. |

CUSTOMER SERV1CE PREFERENCES:
Choice of Service Schedule:	^Day			^{Time 		^Day		^ffime	
^Isl ^Choice	2nd Choice
Permission to Provide Outside Service When Not Al Home: Customer Initials	^YES	^ONO
	
^Location ^Lo ^Leave ^Service ^Report/Invoice ^After ^Each ^Service:		 Email to address Listed above

_uPo/f-n.JJ(; fl!...tC/.AJ(!, /svc OA..I Cc,;�-r		 _
1st Year Guaranteed Rate:	A-GfL�-C,,,,,,:;.<.
Total Annual Amounl	$	,;,. r?t?

5% Diseount for Annual Payment in Advance ^$(		^:J.O	^) Discounted Annual Amounr	^$	^S?CJ
Monthly Service Charge	^s 	^.S:Q	
Initial Service Charge	^$	^50

2nd Year Guaranteed Rate:
Total Annual Amount	^s	^(oaa
5% Discount for Annual Paymelll in Advance  ^$( 	^�o	^)
Oi.scounted Annual Amount	^$	^.s.10

Monthly Service Charge	^$	^11.�0

.{'fr;dit Card,ACH/Elcctronic Funds Tran fer, and Autopay Authorization*
(l)<-t.ails on l)ack)

Account 1ypc: D Checking _D _Saving _0 _CrediI _Card Financial Institution/City/St
Namc on CardiAcci,		

^CCI:	�pDatc:

ABAffrnnsiL#:	_Acctl:

^Use ^for:0 ^Regular ^Services ^D ^Renewals  0 Initial Only
	Customer Approval to Debit Account and/or Chnrge Canl as indicai,,d above & for
tl,e nrnounLS shown in Service Charges.

You, the Buyer, can caned Uiis r.ransaction at any Lime prior 10 midnight or the third bu,incssday after the date of this transaction, by giving written notice or canccllnt.ion by
"' i':i	1111lil to MAS EY SERVICES, INC. POR CC/ACH: Customer agn:c,; to notify Massey Servicesin writing if any changeoccur.; with the credit cnrd or bank occount or _81 lc,ist 30 dli�sprior to the int.ent u, caned and/or r,::voke this authoriution. N01ifications need to Ix: sent to Massey Services, Inc.. Aun: Accounts Receivable, 315 Groveland tree\, Orlindo, H. 32804. For additional inform:wi7a/lon pl	call 1.888262.7739 (M-F, 811JT1-8pm ES'!) or emnil u< nt WeCar<:@Mnsse�Sen-ices.com.
M_Asa_sr_is_tah_na_tll_FT_ii_en_lda_Mll_anaaer	_8/25/2A_0.JJP_2f"1_2.H:I_J-. J_Cf/±_,__l(2_<4. _.{-F_;, _;,- 2/'J.B /_y2_,Z.
Customer slgn:1tun:/Datc	^Massey ^Services ^Represemalivc/Date	GM Approval/Date	_MS-103 _I11r.?1I

SERVICE CENTER COPY

^HA2i  ^A·l!Ai-^l-M^l+^Ewi ^Yi:lte

NAME vll-l-P-M�&	COD

HOME PHONE

Inspection Graph

ADDRESS 2f'S C<A.l.uu 1f,J.JtM, 12Q

BUSINESS PHONE	EMAIL

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IMPORTANT NOTICE FOR ALLSERVICE TYPES
INSPECTOR: /., 1/J?CHfr-V  HQti&ff£	GM: 	CUSTOMER SIGNATURE:	
Thelollowing areasofyourproperty havedamages that pre-existed althe timeolthisinspection.If the damagedareasarenot repaired. theseareas willbeexcluded from therepair orreplacement guarantees oullinedIn the corresondmg service agreements

Massey cannot guarantee that thewooddestroyingorganism damage disclosed by visualinspection represents the entirety of thedamage whichmay exist on thedate of this,nspection.Therelore, Massey willnotberesponsiblelor the repair of any damage which exists inareasor instructural members which are concealed orinaccessible by visualinspection on thedate of thisinspection,
MS 05I (6120)
CUSTOMER COPY

Section 1

MONTHLY PEST PREVENTION SERVICE AGREEMENT

Email Address: CustomerCare@MasseyServices.com Website: MasseyServices.com
Phone: 1-888-2MASSEY (262-7739)

Villa Mar CDD

SERVICE ADDRESS

Marshall Tindall

BILLING ADDRESS
( 407 ) 346-2453

Business Name | | | | | Contact Name (Agent) | | Phone |
205 Cunningham Rd. | | | | | 219 E Livingston St. | | |
Property Address Winter Haven | FL. | Polk | 33844 | | Mailing Address Orlando | FL. | | 32801
City ( ^407 ) ^346-2453 | State | County | Zip | | City mtindall@gmscfl.com | State | | Zip
Phone | | | (Extension) | | Email | | |
_Business _Type: Amentities at Housing Community	_Service _Frequency Monthly	_Grid _#
SCOPE OF WORK
Massey will provide pest prevention services for	Roaches	Ants	Mice	Rats	Pantry Pests	Fruit Flies	Drain Flies
AREAS TO BE SERVICED

2 Playgrounds, Dog Park, and 3 Mailboxes.

SERVICE SCHEDULE

As needed

Initial Service Schedule 	 Follow-Up Service on Initial 	
Regular Service Schedule ^MONTHLY
CUSTOMER COOPERATION
Effective Pest Prevention requires a well-sealed structure, quality hygiene, sanitation and storage practices in order to achieve a pest-free environment. We must have your cooperation in accomplishing the following:

Inspection Service Reports.
Arranging for Service Technician(s) access to the premises and access to all locked areas.
INSURANCE
Massey carries comprehensive General Liability Insurance. Upon request we,	in effect.
TERMS OF AGREEMENTS
This Agreement will be effective for an original period of twenty four (24) months and, unless written notice is given by either party thirty (30) days prior to the anniversary date of the agreement, it shall renew itself from month to month thereafter.
Massey's service, THE COMPANY may cancel service upon giving sixty (60) days written notice.
GUARANTEED SATISFACTION
See reverse side of this agreement for explanation of Massey's Pest Prevention Guarantee.
8.	FIRST YEAR SERVICE CHARGES | SECOND YEAR SERVICE CHARGES | EQUIPMENT/ITEMS PURCHASED
Initial Service Charge | ^$ 240.00 | Monthly Service Charge | $ 120.00 | #	 of	x $	EA | $
Follow Up (as required) | $ | 2nd Year Annual Service Amount | $ 1440.00 | #	 of	x $	EA | $
Monthly Service Charge x11 | ^$ 1320.00 | 5% Discount for Advance Payment | $ 72.00 | #	 of	x $	EA | $
1st Year Annual Service Amount | ^$ 1560.00 | Discounted Annual Amount | $ 1368.00 | #	 of	x $	EA | $
5% Discount for Advance Payment | ^$ 78.00 | Applicable Sales Tax | $ 0 | Applicable Sales Tax | $
Discounted Annual Amount | ^$ 1482.00 | 2nd Year Annual Total | $ 1440.00 | Equipment Total: | $
Applicable Sales Tax | $0 | Note: Massey Services reserves the right to adjust the recurring service charge after the second
1st Year Annual Total | ^$ 1560.00 |
| First Month Service & Equipment Total: | ^$ 240.00
PAYMENT TERMS
Method of payment	Year in Advance Payment less 5% discount	Upon Receipt of Monthly Invoice	Remit to Service Technician
Invoices are mailed the beginning of each month and will include the current month's charge. All invoices are due and payable within 30 days.
A late fee of one and one-half percent (1.5%) will be assessed monthly on all account balances over 30 days.

2255 Dundee Rd.
	 Accepted for: 	 Date 	

Massey Address
Winter Haven	FL.	33884
City	State	Zip
813-245-2877
Phone

Approved by: Massey General Manager	Date

THE COMPANY

_Given _by: Missy Martin
Massey Services

_Date 9/17/26

MS-017 (Rev. 11/19)

GUARANTEED SATISFACTION
We guarantee your premises will be FREE of Roach, Ant and Rodent INFESTATION after we have completed your second month of service. This does not mean you will never see another roach, ant or rodent, but it does mean that the thoroughness of our services and your efforts to maintain the highest standards of sanitation will not allow an INFESTATION to develop. In the event of a pest sighting(s):
We GUARANTEE to perform a corrective service within 24 hours.
We also GUARANTEE to provide this corrective service at no additional cost to you.
If your pest problem persists and an infestation can be found in the physical structure after 30 days, a Massey
Manager will verify the infestation and refund your last regular service charge.*
For the Hospitality Industry, Massey further GUARANTEES that if a guest refuses to pay for a night's lodging or a meal charge due to a pest problem, Massey will:
Verify the problem and take corrective measures immediately.
Reimburse the Company for the lost lodging and/or meal charge(s).**
Send a letter of apology to the guest, with a copy sent to the Company Manager.
* A current balance, maximum 30 days, must be maintained to receive any refund or reimbursement under this Guarantee.
** Reimbursement under the terms of the Money Back Guarantee for lost lodging and meal charges will be provided only when The Company Manager notifies a Massey Manager within 24 hours and provides the Massey Manager with specific details of the problem, lodging and/or meal receipts, guest's name and address. Reimbursement is restricted to one night's lodging charge and one meal charge per occurrence.

GENERAL TERMS AND CONDITIONS

CHANGE IN LAW. BY MASSEY SERVICES, INC.
(Massey) performs its services in accordance with the requirements of Federal, State and local laws. In the event of a change in existing law as it pertains to the services promised herein, Massey reserves the right to adjust the monthly service charge or terminate this agreement by giving THE COMPANY 60 days notice.
DISCLAIMER. Massey liability under this agreement will be terminated if Massey is prevented from fulfilling its responsibilities under the terms of this agreement by reason of delays in transportation, shortages of fuel and/or materials, strikes, embargoes, fires, floods, quarantine restriction, or any Act of God or circumstances or cause beyond the control of Massey.
This agreement does not cover and Massey will not be responsible for:
Any present or future insect and/or rodent damage to the structure(s) or contents, or provide for the compensation or repair of same.
Damage or loss of personal property resulting from lack of security or acts of third parties.
	Damage or loss of personal property due to THE COMPANY'S and/or Occupant(s) failure to comply with the specific instructions outlined in the Pest Elimination Preparation Checklist and/or Quality Assurance Inspection Report.
Massey disclaims any liability for special incidental or consequential  damages. The  Guarantee  stated  in  this

agreement is given in lieu of any other guarantee or warranties expressed or implied, including any warranty of merchantability or fitness for a particular purpose.
 NON-PAYMENT DEFAULT. In case of non-payment or default by THE COMPANY, Massey has the right to terminate this Agreement and reasonable attorney's fees and costs of collection shall be paid by THE COMPANY, whether suit is filed or not. In addition, interest at the highest rate allowable by law will be assessed for the period of delinquency.
ARBITRATION. THE COMPANY and Massey agree that any controversy or claim between them arising out of or relating to the interpretation, performance or breach of any provision of this agreement shall be settled exclusively by arbitration. This Contract/Agreement is subject to arbitration pursuant to the Uniform Arbitration Act of the American Arbitration Association. The arbitration award may be entered in any court having jurisdiction. In no event shall either party be liable to the other for indirect, special or consequential damages or loss of anticipated profits.
	ENTIRE AGREEMENT. It is understood and agreed between the parties that this agreement constitutes the complete agreement between Massey and THE COMPANY and that said agreement may not be changed or altered in any manner, oral or otherwise, by any representative of Massey unless alteration or change be in writing and executed by the President of Massey Services under its Corporate Seal.

PRIVACY POLICY FOR EMAIL ADDRESSES
By providing an email address on this agreement, the Customer is consenting to receive emails regarding service alerts, new

Email addresses

services and special promotions.	and used solely for communication from Massey Services.

MS-017 (Rev. 11/19)

Visit MasseyServices.com/mymassey Today and Sign Up to Manage Your Account Online!

!!"#$%& (d)

Valued Customer,

(863) 422-5207
www.princeandsonsinc.com

Our family-owned company at Prince & Sons thanks you for the business in servicing your property’s landscaping. We are unable to continue to absorb excessive increase in the cost of fuel to our company. We do everything we can to conserve fuel and buy in bulk to keep our prices down however the increases to gas and diesel have resulted in a direct 3% increase to our hard costs that we need to pass along to our customers. We hope this is not a long-term problem so we want to have in place a clear invoicing process that can be tracked. Effective immediately we are sending a separate 3% fuel charge invoice to help offset this expense. The below increase will be invoiced:
Average gas price of >=$4/gallon we will have a 3% increase Average gas price of $3.50-$3.99/gallon we will have a 2% increase Average gas price <$3.49/gallon the fuel service charge will end
*BASED ON STATE AVERAGE

We thank you for your understanding with this. Please do not hesitate to contact your manager if you have any questions.

Warmest Regards,

Lucas Dean Martin Vice President

Phone: 863-422-5207 Office

Section 2

Item will be provided under separate cover.

Section D

Section 1

VillaMar
COMMUNITY DEVELOPMENT DISTRICT

Check Register
Fiscal Year 2026

Date | check #'s | Amount
| Truist Bank |

Aug 2026

Check#: 1155 - 1168
ACH Utilities: 80116 - 80120

$65,397.00

$27,074.67

| TOTAL | $92,471.67

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	9/14/26	PAGE	1
*** CHECK DATES 08/01/2026 - 08/31/2026 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/18/26 00084	8/17/26 SEP26PLA 202609 330-53800-48600	*	2,088.04 SEP 26- PLAYG II EQUP LSE
BOWPROP I, LLC.	2,088.04 001155

8/18/26 00034 | 7/29/26
| 7/29/26
| 7/29/26
| 7/29/26
| 7/29/26
| 7/29/26

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
18581	202607 330-53800-48500	*	500.00
JUL 26 - JANITORIAL SVCS
18581	202607 330-53800-48500	*	340.00
JUL 26 - 2.ADDITIONL DAYS
18581	202607 330-53800-48500	*	675.00
JUL 26 - TRASH COLLECT
18581	202607 330-53800-48500	*	100.00
JUL 26 - MAIL TRASH COLL
18581	202607 330-53800-48500	*	500.00
JUL 26 - PET STATION SVC
18581	202607 330-53800-48500	*	60.00

CSS | CLEAN STAR | SERVICES CENTRAL FL | 2,175.00 | 001156
- - - - - - - - | - - - - - - - | - - | - - - - - - - - - - - - - - - - - | - - - - - - - - - - | - | - | - - | - | - | - | - | - | - | - - - - | - - - - - | - - -
435 | 202608 320-53800-12000 | * | 1,931.25
AUG | 26 | - FIELD MANAGEMENT
436 | 202608 310-51300-34000 | * | 3,830.33
AUG | 26 | - MGMT FEES
436 | 202608 310-51300-35200 | * | 108.17
AUG | 26 | - WEBSITE ADMIN
436 | 202608 310-51300-35100 | * | 162.25
AUG | 26 | - INFORMATION TECH
436 | 202608 310-51300-31300 | * | 858.33
AUG | 26 | - DISSEMINATION

436
AUG

26

202608 330-57200-12000

*

1,250.00

436 | 202608 310-51300-51000 | * | 3.67
AUG | 26 | - OFFICE SUPPLIES
436 | 202608 310-51300-42000 | * | 49.34
AUG | 26 | - POSTAGE
436 | 202608 310-51300-42500 | * | 79.20
AUG | 26 | - COPIES

8/18/26 00009 | 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26
| 8/01/26

JUL 26 - DOGGIE BGS 200CT

- AMENITY ACCESS

GOVERNMENTAL MANAGEMENT SERVICES -	8,272.54 001157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/26 00045	8/01/26 AV32954	202608 330-53800-48100	*	2,955.00 AUG 26 - POOL MAINTENANCE
RESORT POOL SERVICES DBA	2,955.00 001158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/26 00041	8/02/26 PSI29343 202608 320-53800-47000	*	2,860.00 AUG 26-PH7 POND.MNT #1-42
SOLITUDE LAKE MANAGEMENT SERVICES	2,860.00 001159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	9/14/26	PAGE	2
*** CHECK DATES 08/01/2026 - 08/31/2026 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/18/26 00019	7/24/26 8272426	202607 310-51300-32300	*	4,256.13
TRUSTEE FEE - SER 2023
7/24/26 8273608	202607 310-51300-32300	*	4,094.50
TRUSTEE FEE - SER 2019
US BANK	8,350.63 001160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/26 00027	8/18/26 SEP26POO 202609 330-53800-48600	*	1,396.07 SEP 26 - POOL FURN. LEASE
WHFS, LLC	1,396.07 001161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/25/26 00039	8/15/26 15760	202607 310-51300-31500	*	2,867.50
JUL 26 - GENERAL COUNSEL
8/15/26 15761	202607 310-51300-49100	*	64.50
PH8 BNDRY AMNDMT LEGALFEE
KILINSKI / VAN WYK, PLLC	2,932.00 001162

8/25/26 00085 | 6/29/26
| 7/06/26
| 7/13/26
| 7/20/26
| 7/27/26
| 8/03/26
| 8/10/26
| 8/17/26

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
102794	202606 320-53800-34500	*	1,621.20
SECURITY SVC(06/22-06/28)
102991	202607 320-53800-34500	*	1,433.02
SECURITY SVC(06/29-07/05)
102992	202607 320-53800-34500	*	1,621.20
SECURITY SVC(07/06-07/12)
103143	202607 320-53800-34500	*	1,621.20
SECURITY SVC(07/13-07/19)
103264	202607 320-53800-34500	*	1,621.20
SECURITY SVC(07/20-07/26)
103378	202607 320-53800-34500	*	1,621.20
SECURITY SVC(07/27-08/02)
103487	202608 320-53800-34500	*	1,621.20
SECURITY SVC(08/03-08/09)
103597	202608 320-53800-34500	*	1,621.20
SECURITY SVC(08/10-08/16)
NATION SECURITY SERVICES	12,781.42 001163

8/25/26 00015 | 6/18/26
| 7/24/26
| 7/24/26
| 7/24/26
| 8/01/26
| 8/13/26

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
24708	202606 320-53800-47300	*	270.03
IRR.REP.HEADS,NZLS.MN.LNE
25304	202607 320-53800-47300	*	170.54
IRRIG.LABOR.MAINLINE LEAK
25318	202607 320-53800-47300	*	97.88
IRRIG.REP RPLC NOZZLES
25325	202607 320-53800-46300	*	175.00
TREE REMOVAL-DEAD PALM
25538	202608 320-53800-46200	*	16,248.00
AUG 26 - LANDSCAPE MAINT.
25852	202608 320-53800-47300	*	212.50
IRRIG.REP. RPLC NOZZLES
VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	9/14/26	PAGE	3
*** CHECK DATES 08/01/2026 - 08/31/2026 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

| 8/14/26 25881	202608 320-53800-46300 | | | | | | | | | * | | | | | | 1,800.00 |
BAHIA SOD INSTALL/LS4 8/14/26 25882	202608 320-53800-46300 | | | | | | | | | * | | | | | | 1,393.75 |
BAHIA SOD INSTALL/LS5 | | | | | | | | | | | | | | | |
8/20/26 25968	202608 320-53800-47300 | | | | | | | | | * | | | | | | 443.60 |
IRRIG.REP. RPLC ICV VALVE | | | | | | | | | | | | | | | |
PRINCE & SONS INC. | | | | | | | | | | | | | | | | 20,811.30 | 001164
- - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | - - | - | - | - | - | - | - | - | - - | - | - | - | - | - | - - - - - | - - - - - | - - -
8/25/26 00045 | 7/24/26 AV32794	202607 330-53800-48200 | | | | | | | | | * | | | | | | 175.00 | |
| REINST. HANGING LIGHT | | | | | | | | | | | | | | | | |
| RESORT POOL SERVICES | DBA | | | | | | | | | | | | | | | 175.00 | 001165
- - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | - - | - | - | - | - | - | - | - | - - | - | - | - | - | - | - - - - - | - - - - - | - - -
8/28/26 00068 | 8/26/26 BS082620 202608 310-51300-11000 | | | | | | | | | * | | | | | | 200.00 | |
| SUPERVISOR FEES 08/26/26 | | | | | | | | | | | | | | | | |
| BOBBIE SHOCKLEY | | | | | | | | | | | | | | | | 200.00 | 001166
- - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | - - | - | - | - | - | - | - | - | - - | - | - | - | - | - | - - - - - | - - - - - | - - -
8/28/26 00080 | 8/26/26 EH082620 202608 310-51300-11000 | | | | | | | | | * | | | | | | 200.00 | |
| SUPERVISOR FEES 08/26/26 | | | | | | | | | | | | | | | | |
| EMILY J HAZELRIG | | | | | | | | | | | | | | | | 200.00 | 001167
- - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | - - | - | - | - | - | - | - | - | - - | - | - | - | - | - | - - - - - | - - - - - | - - -
8/28/26 00008 | 8/26/26 LS082620 202608 310-51300-11000 | | | | | | | | | * | | | | | | 200.00 | |
| SUPERVISOR FEES 08/26/26 | | | | | | | | | | | | | | | | |
| LAUREN SCHWENK | | | | | | | | | | | | | | | | 200.00 | 001168
- - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | - - | - | - | - | - | - | - | - | - - | - | - | - | - | - | - - - - - | - - - - - | - - -
TOTAL FOR BANK A	65,397.00
TOTAL FOR REGISTER	65,397.00

VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	9/14/26	PAGE	1
*** CHECK DATES 08/01/2026 - 08/31/2026 ***	VILLAMAR CDD - GENERAL FUND
BANK Z VILLAMAR CDD	AUTOPY
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/28/26 00051	7/03/26 MAY26	202605 330-53800-48400	*	824.82
MAY 26 -AMTY WATR & SEWER
7/17/26 JUN26	202606 330-53800-48400	*	631.95
JUN 26 -AMTY WATR & SEWER
7/31/26 JUN26	202606 320-53800-43200	*	1,468.56 JUN 26 -FIELD WATER&SEWER
CITY OF WINTER HAVEN WATER DEPT.	2,925.33 080116
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/28/26 00054	7/31/26 7821647	202607 310-51300-48000	*	2,130.24
LGLS&PUB NOT.-(07/1-8/26)
7/31/26 7823220	202607 310-51300-48000	*	1,776.22
LGLS&PUB NOT.(07/8-15/26)
GANNETT FLORIDA LOCALIQ	3,906.46 080117
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/28/26 00043	8/19/26 71967709 202608 330-57200-48100	*	50.00
AUG 26 - PEST CONTROL
MASSEY SERVICES INC.	50.00 080118
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/28/26 00058	8/01/26 15531650 202608 330-57200-41000	*	225.21
AUG 26 - TV/INTERNET/TEL
SPECTRUM BUSINESS	225.21 080119
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/28/26 00022	7/15/26 JUN26	202606 320-53800-43100	*	17,374.50 JUN 26 - STREETLIGHTS
7/15/26 JUN26	202606 320-53800-43000	*	80.19
JUN 26 - FIELD ELECTRIC
7/15/26 JUN26	202606 330-53800-43000	*	1,207.92 JUN 26 - AMENITY ELECTRIC
8/06/26 JUL26	202607 320-53800-43100	*	1,305.06 JUL 26 - STREETLIGHTS
TECO	19,967.67 080120
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK Z	27,074.67
TOTAL FOR REGISTER	27,074.67

VMCD VILLAMAR CDD	SNEEROOA

Section 2

VillaMar
Community Development District

Unaudited Financial Reporting
August 31, 2026

Table of Contents

1

2-3

4

5

6

7

8

9

10

11

12-13

14-15

	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2019

	Debt Service Fund Series 2020

	Debt Service Fund Series 2022A3

	Debt Service Fund Series 2022A4

	Debt Service Fund Series 2023A5

	Debt Service Fund Series 2024A6

	Combined Capital Project Funds

	Month to Month

	Long Term Debt Report

16		Assessment Receipt Schedule

VillaMar
Community Development District
Combined Balance Sheet
August 31, 2026

General	Capital Reserve	Debt Service	Capital Projects	Totals
Fund	Fund	Fund	Fund	Governmental Funds

Assets:
Cash:
Operating Account | $	80,554 | $	- | $	- | $	- | $	80,554
Capital Projects Account | - | - | - | 631 | 631
Investments:
State Board Administration (SBA) | 526,148 | 187,397 | - | - | 713,545
Series 2019
Reserve | - | - | 201,577 | - | 201,577
Revenue | - | - | 222,808 | - | 222,808
Prepayment | - | - | 507 | - | 507
Series 2020
Reserve | - | - | 184,450 | - | 184,450
Revenue | - | - | 198,104 | - | 198,104
Series 2022 A3
Reserve | - | - | 13,868 | - | 13,868
Revenue | - | - | 149,766 | - | 149,766
Prepayment | - | - | 445 | - | 445
Construction | - | - | - | 7 | 7
Series 2022 A4
Reserve | - | - | 126,634 | - | 126,634
Revenue | - | - | 135,434 | - | 135,434
Series 2023 A5
Reserve | - | - | 244,989 | - | 244,989
Revenue | - | - | 293,830 | - | 293,830
Prepayment | - | - | 44,280 | - | 44,280
Construction | - | - | - | 94 | 94
Series 2024 A6
Reserve | - | - | 603,000 | - | 603,000
Revenue | - | - | 323,640 | - | 323,640
Construction | - | - | - | 8 | 8
Due from Developer - General Fund | 15,218 | - | - | - | 15,218
Due from Developer Series 2023 A3 | - | - | - | 5,552 | 5,552
Due From General Fund | - | - | 283 | - | 283
Deposits | 6,327 | - | - | - | 6,327
Total Assets | $	628,247 | $	187,397 | $	2,743,614 | $	6,292 | $	3,565,551
Liabilities:
Accounts Payable | $	13,421 | $	- | $	- | $	- | $	13,421
Due to Debt Service | 283 | - | - | - | 283
Total Liabilites | $	13,704 | $	- | $	- | $	- | $	13,704
Fund Balance:
Nonspendable:
Deposits | $	6,327 | $	- | $	- | $	- | $	6,327
Restricted for:
Debt Service - Series 2019 | - | - | 424,942 | - | 424,942
Debt Service - Series 2020 | - | - | 382,600 | - | 382,600
Debt Service - Series 2022 A3 | - | - | 164,096 | - | 164,096
Debt Service - Series 2022 A4 | - | - | 262,099 | - | 262,099
Debt Service - Series 2023 A5 | - | - | 583,163 | - | 583,163
Debt Service - Series 2024 A6 | - | - | 926,715 | - | 926,715
Capital Projects - Series 2019 | - | - | - | 631 | 631
Capital Projects - Series 2022 A3 | - | - | - | 5,559 | 5,559
Capital Projects - Series 2023 A5 | - | - | - | 94 | 94
Capital Projects - Series 2024 A6 | - | - | - | 8 | 8
Assigned for:
Capital Reserves | 183,979 | 187,397 | - | - | 371,376
Unassigned | 424,237 | - | - | - | 424,237

Total Fund Balances | $	614,543 | $	187,397 | $	2,743,614 | $	6,292 | $	3,551,846
Total Liabilities & Fund Balance | $	628,247 | $	187,397 | $	2,743,614 | $	6,292 | $	3,565,551

VillaMar
Community Development District
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Revenues: | | | |
Assessments - Tax Roll | $	1,260,612 | $	1,260,612 | $	1,268,487 | $	7,876
Assessments - Direct Bill (Unplatted PH8) | 20,706 | 20,706 | 20,706 | -
Developer Contributions | - | - | 15,218 | 15,218
Lease Proceeds | - | - | 98,274 | 98,274
Interest Income | 5,000 | 4,583 | 21,107 | 16,523
Miscellaneous Revenue | - | - | 210 | 210

Total Revenues | $  1,286,318 | $  1,285,901 | $	1,424,003 | $	138,101
Expenditures: | | | |
General & Administrative: | | | |
Supervisor Fees | $	12,000 | $	11,000 | $	4,400 | $	6,600
Engineering | 7,500 | 6,875 | 18,435 | (11,560)
Attorney | 30,000 | 27,500 | 10,998 | 16,502
Attorney - Boundary Amendment Expenses | - | - | 15,695 | (15,695)
Annual Audit | 7,200 | 7,200 | 7,200 | -
Assessment Administration | 10,300 | 10,300 | 10,300 | -
Bonds Amortization Filing | 4,000 | 3,600 | 3,600 | -
Arbitrage | 2,700 | 1,800 | 1,800 | -
Dissemination | 10,300 | 9,442 | 9,442 | (0)
Trustee Fees | 29,800 | 24,738 | 24,738 | -
Management Fees | 45,964 | 42,133 | 42,134 | (0)
Information Technology | 1,947 | 1,784 | 1,785 | (0)
Website Maintenance | 1,298 | 1,190 | 1,190 | (0)
Postage & Delivery | 3,000 | 2,750 | 2,722 | 28
Insurance General Liability | 7,000 | 7,000 | 7,206 | (206)
Printing & Binding | 500 | 458 | 159 | 300
Legal Advertising | 3,160 | 2,897 | 9,616 | (6,719)
Office Supplies | 500 | 458 | 95 | 363
Other Current Charges | 2,000 | 1,833 | 1,255 | 579
Dues, Licenses & Subscriptions | 175 | 175 | 175 | -
Total General & Administrative | $	179,343 | $	163,134 | $	172,943 | $	(9,809)

VillaMar
Community Development District
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Operations & Maintenance | | | |
Field Expenditures | | | |
Field Management | $	23,175 | $	21,244 | $	21,244 | $	-
Landscape Maintenance | 226,000 | 207,167 | 178,728 | 28,439
Landscape Replacement | 35,000 | 32,083 | 3,969 | 28,115
Pond Maintenance | 35,000 | 32,083 | 31,460 | 623
Fountain Maintenance | 1,000 | 917 | 825 | 92
Streetlights | 190,000 | 174,167 | 164,396 | 9,771
Electric | 5,000 | 4,583 | 1,168 | 3,415
Water & Sewer | 50,000 | 45,833 | 37,288 | 8,545
Sidewalk & Asphalt Maintenance | 5,000 | 4,583 | 12,195 | (7,612)
Irrigation Repairs | 10,000 | 9,167 | 4,114 | 5,053
General Repairs & Maintenance | 30,000 | 27,500 | 12,254 | 15,246
Property Insurance | 27,500 | 27,500 | 14,053 | 13,447
Contingency | 25,000 | 22,917 | 8,321 | 14,595
Subtotal Field Expenditures | $	662,675 | $	609,744 | $	490,014 | $	119,729
Amenity Expenditures | | | |
Pool Maintenance - Contract | $	70,900 | $	64,992 | $	32,615 | $	32,376
Security Services | 72,000 | 66,000 | 27,576 | 38,424
Pool Maintenance - R&M | 7,700 | 7,058 | 1,350 | 5,708
Janitorial Services | 30,700 | 28,142 | 16,395 | 11,747
Internet | 5,000 | 4,583 | 2,408 | 2,176
Pest Control | 2,000 | 1,833 | 550 | 1,283
Playground & Furniture Lease | 65,000 | 59,583 | 38,147 | 21,436
Amenity - Electric | 22,000 | 20,167 | 11,744 | 8,422
Amenity - Water & Sewer | 22,000 | 20,167 | 7,782 | 12,385
Amenity Access Management | 15,000 | 13,750 | 13,750 | -
Amenity Repairs & Maintenance | 20,000 | 18,333 | 8,681 | 9,653
Holiday Decorations | 20,000 | 20,000 | 17,000 | 3,000
Contingency | 25,000 | 22,917 | 3,541 | 19,376
Capital Outlay | - | - | 98,274 | (98,274)
Subtotal Amenity Expenditures | $	377,300 | $	347,525 | $	279,813 | $	67,712

Total Operations & Maintenance | $  1,039,975 | $	957,269 | $	769,828 | $	187,441

Total Expenditures | $  1,219,318 | $  1,120,402 | $	942,771 | $	177,632

Excess (Deficiency) of Revenues over Expenditures | $	67,000 | $	165,499 | $	481,232 | $	315,733
Other Financing Sources/(Uses): | | | |
Capital Reserve Transfer | $	(67,000) | $	(67,000) | $	(236,845) | $	(169,845)
Total Other Financing Sources/(Uses) | $	(67,000) | $	(67,000) | $	(236,845) | $	(169,845)

Net Change in Fund Balance | $	- | $	98,499 | $	244,387 | $	145,888
Fund Balance - Beginning | $	- | | $	370,156 |
Fund Balance - Ending | $	- | | $	614,543 |

VillaMar
Community Development District
Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Adopted | Prorated Budget | Actual |
Budget | Thru 08/31/26 | Thru 08/31/26 | Variance

Revenues: | | | |
Interest Income | $	- | $	- | $	3,417 | $	3,417

Total Revenues | $	- | $	- | $	3,417 | $	3,417
Expenditures: | | | |
Chair Lift Replacement | $	13,500 | $	13,500 | $	13,500 | $	-
Furniture Replacement | 20,000 | 13,822 | 13,822 | -
Total Expenditures | $	33,500 | $	27,322 | $	27,322 | $	-

Excess (Deficiency) of Revenues over Expenditures | $	(33,500) | $	(27,322) | $	(23,905) | $	3,417

Other Financing Sources/(Uses):

Capital Reserve Transfer In | $	67,000 | $	67,000 | $	67,000 | $	-
Interfund Transfer In - Prior Yrs | - | - | 169,845 | 169,845

Total Other Financing Sources/(Uses) | $	67,000 | $	67,000 | $	236,845 | $	169,845

Net Change in Fund Balance | $	33,500 | $	39,678 | $	212,940 | $	173,262
Fund Balance - Beginning | $	141,650 | | $	(25,544) |
Fund Balance - Ending | $	175,150 | | $	187,397 |

VillaMar
Community Development District
Debt Service Fund Series 2019 A1
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Revenues: | | | |
Special Assessments - Tax Roll | $	403,763 | $	403,763 | $	406,497 | $	2,734
Prepayments | - | - | 8,317 | 8,317
Interest Income | 6,000 | 5,500 | 15,321 | 9,821

Total Revenues | $	409,763 | $	409,263 | $	430,134 | $	20,872
Expenditures: | | | |
Interest - 11/1 | $	137,838 | $	137,838 | $	137,838 | $	-
Interest - 5/1 | 137,838 | 137,838 | 137,838 | -
Principal - 5/1 | 130,000 | 130,000 | 130,000 | -
Special Call - 5/1 | - | - | 10,000 | (10,000)
Total Expenditures | $	405,675 | $	405,675 | $	415,675 | $	(10,000)

Excess (Deficiency) of Revenues over Expenditures | $	4,088 | $	3,588 | $	14,459 | $	10,872

Net Change in Fund Balance | $	4,088 | $	3,588 | $	14,459 | $	10,872
Fund Balance - Beginning | $	202,659 | | $	410,482 |
Fund Balance - Ending | $	206,747 | | $	424,942 |

VillaMar
Community Development District
Debt Service Fund Series 2020 A2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Revenues: | | | |
Special Assessments - Tax Roll | $	369,050 | $	369,050 | $	371,550 | $	2,500
Interest Income | 5,000 | 4,583 | 13,850 | 9,267

Total Revenues | $	374,050 | $	373,633 | $	385,400 | $	11,768
Expenditures: | | | |
Interest - 11/1 | $	114,044 | $	114,044 | $	114,044 | $	-
Interest - 5/1 | 114,044 | 114,044 | 114,044 | -
Principal - 5/1 | 140,000 | 140,000 | 140,000 | -
Total Expenditures | $	368,088 | $	368,088 | $	368,088 | $	-

Excess (Deficiency) of Revenues over Expenditures | $	5,962 | $	5,545 | $	17,313 | $	11,768

Net Change in Fund Balance | $	5,962 | $	5,545 | $	17,313 | $	11,768
Fund Balance - Beginning | $	179,457 | | $	365,287 |
Fund Balance - Ending | $	185,419 | | $	382,600 |

VillaMar
Community Development District
Debt Service Fund Series 2022 A3
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Revenues: | | | |
Special Assessments - Tax Roll | $	138,905 | $	138,905 | $	139,846 | $	941
Interest Income | 1,000 | 917 | 6,408 | 5,491

Total Revenues | $	139,905 | $	139,822 | $	146,254 | $	6,432
Expenditures: | | | |
Interest - 11/1 | $	43,284 | $	43,284 | $	43,284 | $	-
Principal - 11/1 | 50,000 | 50,000 | 50,000 | -
Interest - 5/1 | 42,503 | 42,503 | 42,503 | -
Total Expenditures | $	135,788 | $	135,788 | $	135,788 | $	-

Excess (Deficiency) of Revenues over Expenditures | $	4,118 | $	4,035 | $	10,466 | $	6,432
Other Financing Sources/(Uses):

Transfer In/(Out) | $	- | $	- | $	(55,470) | $	(55,470)

Total Other Financing Sources (Uses) | $	- | $	- | $	(55,470) | $	(55,470)
Net Change in Fund Balance | $	4,118 | $	4,035 | $	(45,004) | $	(49,038)
Fund Balance - Beginning | $	139,217 | | $	209,099 |
Fund Balance - Ending | $	143,335 | | $	164,096 |

VillaMar
Community Development District
Debt Service Fund Series 2022 A4
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Revenues: | | | |
Special Assessments - Tax Roll | $	249,798 | $	249,798 | $	251,490 | $	1,692
Interest Income | - | - | 9,464 | 9,464

Total Revenues | $	249,798 | $	249,798 | $	260,954 | $	11,156
Expenditures: | | | |
Interest - 11/1 | $	80,644 | $	80,644 | $	80,644 | $	-
Interest - 5/1 | 80,644 | 80,644 | 80,644 | -
Principal - 5/1 | 90,000 | 90,000 | 90,000 | -
Total Expenditures | $	251,288 | $	251,288 | $	251,288 | $	-

Excess (Deficiency) of Revenues over Expenditures | $	(1,490) | $	(1,490) | $	9,666 | $	11,156

Net Change in Fund Balance | $	(1,490) | $	(1,490) | $	9,666 | $	11,156
Fund Balance - Beginning | $	128,001 | | $	252,432 |
Fund Balance - Ending | $	126,511 | | $	262,099 |

VillaMar
Community Development District
Debt Service Fund Series 2023 A5
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Adopted | Prorated Budget | Actual |
` Revenues: | Budget | Thru 08/31/26 | Thru 08/31/26 | Variance
Special Assessments - Tax Roll | $	538,103 | $	538,103 | $	515,322 | $	(22,781)
Prepayments | - | - | 272,568 | 272,568
Interest Income | 5,000 | 4,583 | 22,176 | 17,593

Total Revenues | $	543,103 | $	542,686 | $	810,065 | $	267,379
Expenditures: | | | |
Interest - 11/1 | $	203,881 | $	203,881 | $	203,881 | $	-
Interest - 2/1 | - | - | 1,270 | (1,270)
Interest - 5/1 | 203,881 | 203,881 | 197,978 | 5,903
Interest - 8/1 | - | - | 841 | (841)
Special Call - 11/1 | - | - | 120,000 | (120,000)
Special Call - 2/1 | - | - | 90,000 | (90,000)
Special Call - 5/1 | - | - | 95,000 | (95,000)
Principal - 5/1 | 115,000 | 115,000 | 110,000 | 5,000
Special Call - 8/1 | - | - | 60,000 | (60,000)
Total Expenditures | $	522,763 | $	522,763 | $	878,970 | $	(356,208)

Excess (Deficiency) of Revenues over Expenditures | $	20,340 | $	19,923 | $	(68,905) | $	(88,829)

Net Change in Fund Balance | $	20,340 | $	19,923 | $	(68,905) | $	(88,829)
Fund Balance - Beginning | $	350,715 | | $	652,068 |
Fund Balance - Ending | $	371,055 | | $	583,163 |

VillaMar
Community Development District
Debt Service Fund Series 2024 A6
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

Adopted | Prorated Budget | Actual |
Budget | Thru 08/31/26 | Thru 08/31/26 | Variance

Revenues: | | | |
Special Assessments - Tax Roll | $	603,000 | $	603,000 | $	607,085 | $	4,085
Interest Income | 20,000 | 18,333 | 25,812 | 7,479

Total Revenues | $	623,000 | $	621,333 | $	632,897 | $	11,564
Expenditures: | | | |
Interest - 11/1 | $	237,884 | $	237,884 | $	237,884 | $	-
Interest - 5/1 | 237,884 | 237,884 | 237,884 | -
Principal - 5/1 | 130,000 | 130,000 | 130,000 | -
Total Expenditures | $	605,769 | $	605,769 | $	605,769 | $	-

Excess (Deficiency) of Revenues over Expenditures | $	17,231 | $	15,564 | $	27,128 | $	11,564

Net Change in Fund Balance | $	17,231 | $	15,564 | $	27,128 | $	11,564
Fund Balance - Beginning | $	343,608 | | $	899,587 |
Fund Balance - Ending | $	360,839 | | $	926,715 |

VillaMar
Community Development District
Combined Capital Project Funds
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2026

| Series | Series | Series | Series | Series | Series |
| 2019 A1 | 2020 A2 | 2022 A3 | 2022 A4 | 2023 A5 | 2024 A6 | Total
Revenues | | | | | | |
Developer Contributions | $	- | $	- | $	5,543 | $	- | $	- | $	177,563 | $	183,106
Interest Income | - | - | 7 | - | 5 | 146 | 158
Total Revenues | $	- | $	- | $	5,550 | $	- | $	5 | $	177,709 | $	183,264
Expenditures: | | | | | | |
Capital Outlay | $	- | $	- | $	55,470 | $	- | $	- | $	177,701 | $	233,171
Bank Fees | 562 | - | - | - | - | - | 562
Total Expenditures | $	562 | $	- | $	55,470 | $	- | $	- | $	177,701 | $	233,732

Excess (Deficiency) of Revenues over Expenditures | $	(562) | $	- | $	(49,920) | $	- | $	5 | $	8 | $	(50,468)

Other Financing Sources/(Uses)

Transfer In/(Out) | $	- | $	- | $	55,470 | $	- | $	- | $	- | $	55,470

Total Other Financing Sources (Uses) | $	- | $	- | $	55,470 | $	- | $	- | $	- | $	55,470

Net Change in Fund Balance | $	(562) | $	- | $	5,550 | $	- | $	5 | $	8 | $	5,002
Fund Balance - Beginning | $	1,193 | $	- | $	9 | $	- | $	89 | $	- | $	1,291
Fund Balance - Ending | $	631 | $	- | $	5,559 | $	- | $	94 | $	8 | $	6,292

VillaMar
Community Development District
Month to Month

Revenues: | | | | | | | | | | | | |
Assessments - Tax Roll | $	- | $	58,355 | $ 1,088,215 | $	13,435 | $	17,445 | $	2,937 | $	13,255 | $	66,283 | $	8,437 | $	126 | $	- | $	- | $	1,268,487
Assessments - Direct Bill (Unplatted PH8) | - | 10,353 | - | - | - | 5,177 | - | 5,177 | - | - | - | - | 20,706
Developer Contributions | - | - | - | - | - | 15,218 | - | - | - | - | - | - | 15,218
Lease Proceeds | 98,274 | - | - | - | - | - | - | - | - | - | - | - | 98,274
Interest Income | 1,167 | 733 | 818 | 1,667 | 2,475 | 2,512 | 2,470 | 2,563 | 2,501 | 2,361 | 1,840 | - | 21,107
Miscellaneous Revenue | - | - | - | - | - | - | 30 | - | 60 | 90 | 30 | - | 210

Total Revenues | $  99,441 | $  69,441 | $1,089,034 | $  15,102 | $  19,920 | $  25,844 | $  15,754 | $  74,022 | $  10,998 | $	2,577 | $	1,870 | $	- | $  1,424,003
Expenditures: | | | | | | | | | | | | |
General & Administrative: | | | | | | | | | | | | |
Supervisor Fees | $	- | $	600 | $	- | $	600 | $	800 | $	600 | $	600 | $	- | $	- | $	600 | $	600 | $	- | $	4,400
Engineering | 819 | 4,781 | 581 | 136 | - | - | 2,240 | - | 9,878 | - | - | - | 18,435
Attorney | 678 | 1,318 | 419 | - | 1,922 | 1,863 | 1,573 | 214 | 144 | 2,868 | - | - | 10,998
Attorney - Boundary Amendment Expenses | 712 | 5,569 | - | 5,201 | 3,576 | 573 | - | - | - | 65 | - | - | 15,695
Annual Audit | - | - | - | - | 1,000 | 6,200 | - | - | - | - | - | - | 7,200
Assessment Administration | 10,300 | - | - | - | - | - | - | - | - | - | - | - | 10,300
Bonds Amortization Filing | 500 | 2,500 | - | - | 250 | - | 350 | - | - | - | - | - | 3,600
Arbitrage | - | - | - | 450 | 450 | - | 900 | - | - | - | - | - | 1,800
Dissemination | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | - | 9,442
Trustee Fees | - | - | 4,445 | - | 4,256 | - | 7,686 | - | - | - | 8,351 | - | 24,738
Management Fees | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | 3,830 | - | 42,134
Information Technology | 162 | 162 | 162 | 162 | 162 | 162 | 162 | 162 | 162 | 162 | 162 | - | 1,785
Website Maintenance | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | - | 1,190
Postage & Delivery | 3 | 39 | 4 | 589 | 6 | 7 | 9 | 98 | 1,815 | 105 | 49 | - | 2,722
Insurance General Liability | 6,793 | - | - | - | - | - | - | - | 413 | - | - | - | 7,206
Printing & Binding | 41 | - | 39 | - | - | - | - | - | - | - | 79 | - | 159
Legal Advertising | - | - | - | 3,841 | 1,610 | - | - | 259 | - | - | 3,906 | - | 9,616
Office Supplies | - | 69 | 3 | 0 | 3 | 3 | 3 | 4 | 6 | 1 | 4 | - | 95
Other Current Charges | - | 116 | 322 | 106 | 94 | 102 | 117 | 101 | 115 | 108 | 74 | - | 1,255
Dues, Licenses & Subscriptions | 175 | - | - | - | - | - | - | - | - | - | - | - | 175
Total General & Administrative | $  24,979 | $  19,951 | $  10,771 | $  15,882 | $  18,925 | $  14,308 | $  18,437 | $	5,634 | $  17,328 | $	8,705 | $  18,023 | $	- | $	172,943

VillaMar
Community Development District
Month to Month

Operations & Maintenance |
Field Expenditures |
Field Management | $	1,931 | $	1,931 | $	1,931 | $	1,931 | $	1,931 | $	1,931 | $	1,931 | $ | 1,931 | $	1,931 | $	1,931 | $	1,931 | $	-  $	21,244
Landscape Maintenance | 16,248 | 16,248 | 16,248 | 16,248 | 16,248 | 16,248 | 16,248 | | 16,248 | 16,248 | 16,248 | 16,248 | -	178,728
Landscape Replacement | - | - | 600 | - | - | - | - | | - | - | 175 | 3,194 | -	3,969
Pond Maintenance | 4,798 | 922 | 2,860 | 2,860 | 2,860 | 2,860 | 2,860 | | 2,860 | 2,860 | 2,860 | 2,860 | -	31,460
Fountain Maintenance | 125 | 450 | - | 125 | - | - | 125 | | - | - | - | - | -	825
Streetlights | 15,123 | 17,179 | 18,673 | 18,685 | 18,686 | 18,686 | 18,686 | | 18,686 | 18,686 | 1,305 | - | -	164,396
Electric | 52 | 381 | 79 | 256 | 78 | 80 | 77 | | 85 | 80 | - | - | -	1,168
Water & Sewer | 3,590 | 10,201 | 6,890 | 7,084 | 2,655 | 1,638 | 1,942 | | 1,820 | 1,469 | - | - | -	37,288
Sidewalk & Asphalt Maintenance | - | - | 5,692 | - | 5,015 | - | - | | 1,489 | - | - | - | -	12,195
Irrigation Repairs | - | 652 | - | 237 | 210 | 670 | 401 | | 748 | 270 | 268 | 656 | -	4,114
General Repairs & Maintenance | 1,707 | - | 55 | 8,214 | 790 | 551 | - | | 936 | - | - | - | -	12,254
Property Insurance | 14,053 | - | - | - | - | | - | . | | - | - | - | -	14,053
Contingency | - | 1,085 | - | - | - | - | - | | 4,152 | 3,084 | - | - | -	8,321

Subtotal Field Expenditures | $  57,627 | $  49,050 | $  53,029 | $  55,640 | $  48,473 | $  42,665 | $  42,271 | $  48,956 | $  44,628 | $  22,788 | $  24,889 | $	- | $	490,014

Amenity Expenditures | | | | | | | | | | | | |
Pool Maintenance - Contract | $	2,870 | $	2,870 | $	2,955 | $	2,955 | $	2,955 | $	2,955 | $	2,955 | $	3,235 | $	2,955 | $	2,955 | $	2,955 | $	- | $	32,615
Security Services | 1,429 | 5 | - | - | - | 2,915 | 2,316 | 2,779 | 6,798 | 8,091 | 3,242 | - | 27,576.02
Pool Maintenance - R&M | | | 950 | | | | - | - | - | 400 | - | - | 1,350
Janitorial Services | 1,390 | 1,450 | 1,370 | 1,340 | 1,430 | 1,380 | 1,420 | 2,035 | 2,405 | 2,175 | - | - | 16,395
Internet | 210 | 210 | 210 | 210 | 210 | 230 | 225 | 225 | 225 | 225 | 225 | - | 2,408
Pest Control | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | - | 550
Playground & Furniture Lease | 2,475 | 4,563 | 4,563 | 4,563 | 2,475 | 2,088 | 3,484 | 3,484 | 3,484 | 3,484 | 3,484 | - | 38,147
Amenity - Electric | 1,026 | 1,188 | 1,469 | 1,471 | 1,394 | 1,407 | 1,304 | 1,277 | 1,208 | - | - | - | 11,744
Amenity - Water & Sewer | 1,001 | 826 | 786 | 850 | 1,158 | 1,021 | 683 | 825 | 632 | - | - | - | 7,782
Amenity Access Management | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | 13,750
Amenity Repairs & Maintenance | - | 3,586 | 320 | 160 | 445 | 364 | 2,873 | 933 | - | - | - | - | 8,681
Holiday Decorations | 17,000 | - | - | - | - | - | - | - | - | - | - | - | 17,000
Contingency | - | - | 935 | - | 880 | - | 1,324 | 402 | - | - | - | - | 3,541
Capital Outlay | 98,274 | - | - | - | - | - | - | - | - | - | - | - | 98,274

Subtotal Amenity Expenditures | $ 126,975 | $  15,999 | $  14,858 | $  12,850 | $  12,247 | $  13,661 | $  17,884 | $  16,495 | $  19,007 | $  18,631 | $  11,207 | $	- | $	279,813

Total Expenditures | $ 209,581 | $  85,000 | $  78,658 | $  84,371 | $  79,646 | $  70,634 | $  78,592 | $  71,084 | $  80,963 | $  50,123 | $  54,118 | $	- | $	942,771

Excess (Deficiency) of Revenues over Expenditures | $ (110,140) | $  (15,559) | $1,010,376 | $  (69,269) | $  (59,726) | $  (44,790) | $  (62,838) | $	2,938 | $  (69,966) | $  (47,546) | ######## | $	- | $	481,232
Other Financing Uses: | | | | | | | | | | | | |

Capital Reserve Transfer | $	- | $	- | $	- | $	- | $ (236,845) | $	- | $	- | $	- | $	- | $	- | $	- | $	- | $	(236,845)

Total Other Financing Uses | $	- | $	- | $	- | $	- | $ (236,845) | $	- | $	- | $	- | $	- | $	- | $	- | $	- | $	(236,845)

Net Change in Fund Balance | $ (110,140) | $  (15,559) | $1,010,376 | $  (69,269) | $ (296,571) | $  (44,790) | $  (62,838) | $	2,938 | $  (69,966) | $  (47,546) | $  (52,248) | $	- | $	244,387

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS AREA 1
TERM 1 | 3.750% | $510,000.00 | May 1, 2024
TERM 2 | 4.00% | $750,000.00 | May 1, 2029
TERM 3 | 4.63% | $2,105,000.00 | May 1, 2039

TERM 4

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: SPECIAL LESS: SPECIAL LESS: SPECIAL
LESS: PRINCIPAL PA LESS: SPECIAL LESS: SPECIAL LESS: SPECIAL
LESS: PRINCIPAL PA
LESS: SPECIAL LESS: PRINCIPAL PA LESS: PRINCIPAL PA LESS: PRINCIPAL PA LESS: PRINCIPAL PA
LESS: SPECIAL

4.875%

NITION	50% M UIREMENT
NCE

G - 06/25/19 CALL - 08/01/20 CALL - 11/1/20 CALL - 2/1/21 YMENT - 5/1/21 CALL - 5/1/21 CALL - 8/1/21 CALL - 11/1/21 YMENT - 5/1/22 CALL - 11/1/22 YMENT - 5/1/23 YMENT - 5/1/24 YMENT - 5/1/25 YMENT - 5/1/26 CALL - 5/1/26

$3,815,000.00

AXIMUM ANNUAL DEBT SERV
$2
$2

May 1, 2050

ICE 01,577
01,577

$7,180,000 ($290,000) ($280,000)
($45,000) ($110,000) ($30,000)
($65,000)
($20,000) ($110,000) ($20,000) ($115,000) ($120,000) ($125,000) ($130,000) ($10,000)

CURRENT BONDS OUTSTANDING	$5,710,000

SERIES 2020, SPECIAL ASSESSMENT REVENUE BONDS AREA 2
TERM 1 | 2.625% | $525,000.00 | May 1, 2025
TERM 2 | 3.20% | $750,000.00 | May 1, 2030
TERM 3 | 3.75% | $1,965,000.00 | May 1, 2040

TERM 4

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY

4.000%

NITION	50% M UIREMENT
NCE

G - 11/24/20 MENT - 5/1/22 MENT - 5/1/23 MENT - 5/1/24 MENT - 5/1/25 MENT - 5/1/26

$3,260,000.00

AXIMUM ANNUAL DEBT SERV
$1
$1

May 1, 2051

ICE 84,450
84,450

$6,500,000 ($125,000) ($130,000) ($135,000) ($135,000) ($140,000)

CURRENT BONDS OUTSTANDING	$5,835,000

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 3
TERM 1 | 3.125% | $415,000.00 | November 1, 2027
TERM 2 | 3.50% | $370,000.00 | November 1, 2032

TERM 3

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: PRINCIPAL PA LESS: SPECIAL C LESS: SPECIAL C LESS: PRINCIPAL PA LESS: SPECIAL C LESS: SPECIAL C LESS: SPECIAL C LESS: SPECIAL C LESS: PRINCIPAL PA LESS: PRINCIPAL PA

4.00%

NITION	50% M UIREMENT
NCE

G - 03/18/22 YMENT - 11/1/22 ALL - 5/1/23
ALL - 5/1/23 YMENT - 11/1/23 ALL - 11/1/23 ALL - 2/1/24
ALL - 5/1/24 ALL - 8/1/24
YMENT - 11/1/24 YMENT - 11/1/25

$2,255,000.00

AXIMUM ANNUAL DEBT SERV
$
$

November 1, 2051

ICE 13,868
13,868

$3,040,000
($100,000)
($50,000)
($85,000)
($60,000) ($190,000) ($80,000) ($135,000) ($55,000)
($50,000)
($50,000)

CURRENT BONDS OUTSTANDING	$2,185,000

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 4
TERM 1 | 3.250% | $425,000.00 | May 1, 2027
TERM 2 | 3.63% | $505,000.00 | May 1, 2032
TERM 3 | 4.00% | $1,340,000.00 | May 1, 2042

TERM 4

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY

4.125%

NITION	50% M UIREMENT
NCE

G - 03/18/22 MENT - 5/1/23 MENT - 5/1/24 MENT - 5/1/25 MENT - 5/1/26

$2,025,000.00

AXIMUM ANNUAL DEBT SERV
$1
$1

May 1, 2052

ICE 24,913
26,634

$4,295,000 ($80,000)
($80,000)
($85,000)
($90,000)

CURRENT BONDS OUTSTANDING	$3,960,000

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS AREA 5
TERM 1 | 4.875% | $885,000.00 | May 1, 2030
TERM 2 | 5.63% | $2,860,000.00 | May 1, 2043

TERM 3

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: PRINCIPAL PA LESS: SPECIAL C LESS: SPECIAL C LESS: SPECIAL C LESS: PRINCIPAL PA LESS: SPECIAL C LESS: SPECIAL C LESS: SPECIAL C LESS: SPECIAL C LESS: PRINCIPAL PA LESS: SPECIAL C LESS: SPECIAL C

5.75%

NITION	MAXIM UIREMENT
NCE

G - 06/15/23 YMENT - 5/1/24 ALL - 8/1/24 ALL - 11/1/24 ALL - 2/1/25 YMENT - 5/1/25 ALL - 5/1/25 ALL - 8/1/25 ALL - 11/1/25 ALL - 2/1/26 YMENT - 5/1/26 ALL - 5/1/26 ALL - 8/1/26

$4,195,000.00

UM ANNUAL DEBT SERVICE
$2
$2

May 1, 2053

44,989
44,989

$7,940,000 ($110,000)
($80,000) ($140,000) ($50,000) ($110,000) ($80,000) ($125,000) ($120,000) ($90,000) ($110,000) ($95,000)
($60,000)

CURRENT BONDS OUTSTANDING	$6,770,000

SERIES 2024, SPECIAL ASSESSMENT REVENUE BONDS AREA 6
TERM 1 | 4.625% | $985,000.00 | May 1, 2031
TERM 2 | 5.50% | $3,140,000.00 | May 1, 2044

TERM 3

RESERVE FUND DEFI

RESERVE FUND REQ RESERVE FUND BALA

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY

5.75%

NITION	LESSER
MA
125
10

UIREMENT NCE

G - 03/31/24 MENT - 5/1/25 MENT - 5/1/26

$4,575,000.00

OF:
DS
% Avg Annual DS
% of Origina l Issue

$6
$6

May 1, 2054

03,000
03,000

$8,700,000 ($120,000) ($130,000)

CURRENT BONDS OUTSTANDING	$8,450,000

ON ROLL ASSESSMENTS

VillaMar

Gross Assessments | $ 1,355,500.44 | $	434,152.08 | $	396,827.85 | $	149,360.57 | $	268,600.00 | $	550,380.62 | $	648,386.91 | $  3,803,208.47
Net Assessments | $ 1,260,615.41 | $	403,761.43 | $	369,049.90 | $	138,905.33 | $	249,798.00 | $	511,853.98 | $	602,999.83 | $  3,536,983.88
| 35.64% | 11.42% | 10.43% | 3.93% | 7.06% | 14.47% | 17.05% | 100.00%

Community Development District Special Assessment Receipts - Polk County Fiscal Year 2026

Date

Gross Amount

(Discount)/
Penalty

Commissions

Interest/
(P. Appraiser)	Net Receipts

O&M Portion

Series 2019
Debt Service

Series 2020 Debt
Service

Series 2022 PH3
Debt Service

Series 2022 PH4
Debt Service

Series 2023 Debt
Service

Series 2024 Debt
Service

Total

11/10/25 | $	8,005 | $	420 | $	152 | $	-	$	7,433 | $	2,816 | $	819 | $	749 | $	282 | $	507 | $	1,038 | $	1,223 | $	7,433
11/14/25 | 16,266 | 651 | 312 | -	15,303 | 5,696 | 1,704 | 1,558 | 586 | 1,054 | 2,160 | 2,545 | 15,303
11/21/25 | 47,244 | 1,890 | 907 | -	44,447 | 17,089 | 4,853 | 4,435 | 1,669 | 3,002 | 6,152 | 7,247 | 44,447
11/26/25 | 97,817 | 3,913 | 1,878 | -	92,027 | 32,754 | 10,513 | 9,609 | 3,617 | 6,504 | 13,328 | 15,701 | 92,027
11/30/25 | - | - | - | (38,032)	(38,032) | (13,555) | (4,342) | (3,968) | (1,494) | (2,686) | (5,504) | (6,484) | (38,032)
12/08/25 | 709,853 | 28,390 | 13,629 | -	667,834 | 236,580 | 76,492 | 69,916 | 26,315 | 47,324 | 96,970 | 114,237 | 667,834
12/19/25 | 1,980,562 | 79,223 | 38,027 | -	1,863,312 | 690,676 | 207,991 | 190,110 | 71,555 | 128,680 | 263,674 | 310,626 | 1,863,312
12/31/25 | 567,370 | 26,643 | 10,815 | -	529,913 | 174,514 | 63,037 | 57,618 | 21,687 | 39,000 | 79,913 | 94,144 | 529,913
01/09/26 | 34,158 | 1,025 | 663 | -	32,470 | 11,328 | 3,750 | 3,428 | 1,290 | 2,320 | 4,754 | 5,601 | 32,470
01/29/26 | - | - | - | 5,913	5,913 | 2,107 | 675 | 617 | 232 | 418 | 856 | 1,008 | 5,913
02/12/26 | 54,105 | 1,082 | 1,060 | -	51,963 | 17,445 | 6,122 | 5,596 | 2,106 | 3,788 | 7,762 | 9,144 | 51,963
03/13/26 | 9,593 | - | 192 | -	9,401 | 2,937 | 1,147 | 1,048 | 394 | 709 | 1,453 | 1,712 | 9,401
04/20/26 | 35,843 | - | 717 | 35,126 | 13,166 | 3,895 | 3,560 | 1,340 | 2,410 | 4,938 | 5,817 | 35,126
04/30/26 | - | - | - | 53	53 | 53 | - | - | - | - | - | - | 53
04/30/26 | - | - | - | 36	36 | 36 | - | - | - | - | - | - | 36
05/13/26 | 224,144 | - | 4,483 | -	219,661 | 66,283 | 27,205 | 24,866 | 9,359 | 16,831 | 34,488 | 40,629 | 219,661
06/15/26 | 8,773 | 63 | 174 | -	8,536 | 3,011 | 980 | 896 | 337 | 606 | 1,242 | 1,463 | 8,536
06/25/26 | 14,769 | - | 295 | -	14,474 | 5,426 | 1,605 | 1,467 | 552 | 993 | 2,034 | 2,397 | 14,474
07/31/26 | 409 | - | - | -	409 | 126 | 50 | 45.91 | 17.28 | 31.07 | 63.67 | 75.01 | 409
TOTAL | $	3,808,911 | $	143,299 | $	73,304 | $	(32,031) $	3,560,278 | $	1,268,487 | $	406,497 | $	371,550 | $	139,846 | $	251,490 | $	515,322 | $	607,085 | $	3,560,278

101%
0

Net Percent Collected
Balance Remaining to Collect

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