Corporate Office 2660 5th Avenue North Saint Petersburg, FL. 33713 Phone (727) 527-9600 Fax (727) 520-1199 www.excelsiordefense.com Florida License# B9400086 January 10th, 2025 Jarett Wright Field Manager, GMS- Central Florida 219 E. Livingston Street Orlando, Florida, 32801 Subject: Excelsior Defense, Inc Service Quote for VillaSol CDD Dear Mr. Wright I am pleased to present Excelsior Defense’s service quote tailored bbtsVheruilecaslu anisnrScaieohftesly ostC ys,f ofow iamclnuietmdthsi o wulaonn egcsilaut,l yt-Eaeb rxDdedce ie infvnlogse rOi locoorefrpl acoDmonfem edofnoevmt nea Dusrne ni4ds ii0 ttsGri0 eicac,so iton ml.u ieWkrmse vic itiVothltlri eelopld aFvo Sletrooorar ltd2.ie dWe5 oal iy.efv fe ieaacrreries ni asgo ifSun een xrtSpovpta. ie mcrPreaeie-letelDneetirlc stesehadb bea us lsuree gandr ,vi lVaqeiclaueoedtensei ngrntah egwnea pi dtot rsehwo n ovonhfiu edatrdhen rec eo f sapAOenrsutod r aba ipdcynrt ifyisorvtopaeiusno strgsre euducdiecus vtshrueeietrlrydoev p miCmcmDeeaseDan nsa,a utVrg erwieel mdlhsae iSealseonni gltde .ne nWpxesredueom r tfuioepnn slagdsilf ieitioghernnssea t awsal enfoioctdvhur ewt rtrhihsateyeir g isdamhe-nt tpo.dh ob itnrjretkaacintnniqcgvue eai solp,i ftpo yprf foroeeafrs cyienhorg utv oarin crsgeoe smtahimdmeel heunsintgssih tiayn sn tptdeal ganfrandacnatiirliniodtgnise os.f In this proposal, you will find detailed information about our service offerings, including: • A dedicated team of licensed and trained security professionals. • Comprehensive security strategies tailored to VillaSol’s specific requirements. • Ongoing support and collaboration to adapt to the evolving needs of the community. tsAruta pEnpxsopcreatlr syeioonurc yrD ,g eaofneadnls sr eoe,fl i wmabeai pilnirttyiad. ieOn iounurg rm sae isslavsifeoes,n ot hanlr ifigovnisnste gwr ciinothgm tlmohneu gnv-iattelyur efmosr po yaf orthutnere rVresislhliadipSeson lbt Csu.D ilDt o, ans t wrues ts,t rive to tThhea onpkp yoorutu fonrit cyo tnos siderevrien Vgi EllaxcSeolls aionrd D ceofnetnrsibeu atse ytoou trh ese ccounrtiitnyu seedr vsiuccec persos voifd yeor.u Wr ceo lmoomku fnoirtwy.a rd to Sincerely, Amanda Tassillo Commercial Contracting Manager Excelsior Defense, Inc 2660 5th Avenue North St. Petersburg, Florida 33713 727.900.2355 atassillo@excelsiordefense.com EXCELSIOR DEFENSE, INC 2660 5TH AVENUE N ST. PETERSBURG, FL 33713 B9400086, BB2300022 Pricing For Unarmed Guard Security Services ITEM NUMBER DESCRIPTION OF SUPPLIES/SERVICES EST QUANTITY UNIT UNIT PRICE ANNUAL AMOUNT 2001 Unarmed Guard Security Services (28 hours per week, unarmed guard services, CDD) 14 56 HRS $25.08 $36,51 6.48 2002 Unarmed Guard Security Services (28 hours per week, unarmed guard services, HOA) 14 56 HRS $25.08 $36,51 6.48 2003 Excelsior Defense Marked Patrol Golf Cart (28 hours per week, CDD) 12 MNTHS $671.88 $8,06 2.56 2004 Excelsior Defense Marked Patrol Golf Cart (28 hours per week, HOA) 12 MNTHS $671.88 $8,06 2.56 2005 Site Equipment/Communication (Site PhonOef fwiciethr Rdeisppoarttcsh P nlautmfobremr) f or CDD & IncludReadte i n Bill 2006 Sales Tax 7.5% $6,686.86 TOTAL EST. Service Annual Total* (Based on 52 weeks of Service, Including Sales Tax.) 52 WEEKS $95,844.94* *INCLUDES SALES TAX • aiscEnilnxigcedcnrne/eilftoasi. crsiOo aervrnse e tDtolrayfe i t 5nfhne%mean tser ipeeone cntpre wor nsifiedt dt reyhevsee,i ac iEhtrexsis gecy tehlehflea soesri not dt roqep umDrooaeuavlfrineit dcdynli signfeoeugn roa ttSrfshfde eetcshr hu satiro tgci toghsyueme rOaspvtrf eiafpcitnceeitter eeirfvoeasescr h mhwca ooivannfge gsoe ii snuos tcrfaef rnicnecldteaie rsranseen tdcfnsor .uu ra ietlm acehn t • OsEceionxftfmevciec iaprelonsarindn oRm yrwe Dmepilnoela tfrsr etahksnnoe.s ddwe w pwvaiiilstllril b dopiolrl igcotuoyvml ifad lceeoan norttgn a. etTlhl u hfeine ni angdrutimenargerisddo ro wg naui nlatlhd rmde e agxoiutnneastrriaitdoien’r;s a toDh fs aetei hgclyeuu rAaVerci dltali anvwSdiito lysll aaCRfrDeer pDivo evr itoa vn ai a • dapTmrRecelheaastspeitniivd fogGaoierntgurtnyaemsa ttm 2rsie sdu4 det s/aon wmi7 nptci aalgtcalhanl p tlcrn haeoiof gremr uleS eeSgmepvsihctliseeee u tant whrPentieh t tdaay hop f pftnrAoueorerslroult,s aatVigdshlchie tteala tliaynaavn Sidmehcloe eapaold vl libwla seoDi t linwbfaeloleei salrbeey mpGden Ap Pe ats.cdSs huAt saiotblivrtlrgm ia ranttceyiolektlp otdRireonw eeadrgpp st S bos ooce yrfralc ti ttrtue haehvnr e iediatat sguiyg st uttu htDooauaem irrra sdOdbcpa cfa.oat feinitnccscca eshdel r l.tuN yhORt ueysfefeim ptrinch obsetari erttttr oe s for • The Guard will perform hourly checks at designated locations fsgwihuniialdflrt ib dnce gow sam iuwlplt ohlceomitlneea ddatu itbc ctaythl ltaeyh t ceeoh mgueurca akislr cepdado.n it noatt t lehoaecc aVhti ildolaenSs. ioAgl n’csao mtmeadpn llaeogtceea mrtieoepnno tar ftno odr tf hrw terhivoleliu edggwuohac oaurutdm tt’ hste hentoe teiu narr lds lt h aoicff tke,i atnhcghe • tcEwmeoxiarrtcmnrheea l pcsogtirfeol oytmrph Deteeon reS ttefeye ntr nomsvs uibaecren eeb a aAewgslgei eserm ueavcereeecmsne mtiesn tsne ocfteu l,ete loin anausrgsru a p rBSneoerd satc hstunirarcbatihlnt eay sM l wplS attahanarirnaelgedgne eaptt rrcr a,doo Crsvmep ifadomts.ir nVu aVgnori elilskcl eabaerSetrvoii oBinlc.nrg e u bsan edfkotdwerr weVeseiilslnllea wudSs ooa larn. nkDd dh um aprnoirndongp ii tnteohr rheteya de nn dt ire Guard Service Schedule: A. VillaSol CDD- Service Schedule Start 9:00:00 PM 9:00:00 PM 9:00:00 PM 9:00:00 PM 9:00:00 PM 9:00:00 PM 9:00:00 PM End 5:00:00 AM 5:00:00 AM 5:00:00 AM 5:00:00 AM 5:00:00 AM 5:00:00 AM 5:00:00 AM Hours 8 8 8 8 8 8 8 VillaSol CDD Tue Total Hours 56 Wed Thu Fri Sat Sun Mon VillaSol 2O1rl9a nEd. Loi, vFinlosrtiodna S3t2re8e0t1 EXD Guard This quote is based on 52 weeks of service, with sales tax in the *Annual Amount. The hours/shifts shown in table one contains hours requested from the client and reserves the right to adjust shifts and/or hours as needed before a final contract is executed. Transparent Client Invoice In 2023 Excelsior Defense, Inc integrated the use of it2dno4u- m/roi7nna egtnh astrohgoleeuu oetginuhotr nti rhg teueo iat rser trdsrmmse ae aomarfts ltpiihlnhyeeo w Snaehecrcsivl!oe iu cgeni vtAaingbrgile igetuym aoerfdn Ets x aacncecdles aisolslr ot Dow eECinfoxegcnn eEsnlexsec’iscoe trwles Daiooemrrkf esDfon, earsfcneee na slle- Key Factors on why Excelsior Defense utilizes this platform: 1. Communicate in real time with Guards on Duty. 2. Share Guard schedules and track time. 3. SEhxcaerelsaiobrle. Forms to make Guard Reporting easier for both the Client & 4. Eponlgiacigeisn,g s eocuurr witoyr pkrfoocreced ubrye kse aenpdin agr eth aecmce usspi btole d 2a4te/ 7o nto o ouurr c Gomuapradnsy. 5. Recognize good work and share Guard Achievements throughout all of Excelsior Defense branch locations! Effective Reporting ftaooEGRwratbuxuuoeitlcsralem oeh eernDrslrad dsO avtvasiheiafoe nlfdetytr iodfi c VootAD eeoRinulcren le na taftRsigetSydvu ueontp irgphlltse,eay roeebs te t ryR icVahtot haceistenlr npa l vetsamt ooaa.cS crt WluooCiuotnlsssoe ihgtts nn o &e iiccclnnrmeru ivQ eid sOtiiwcRctzeifocteee f ewSami lcoaalcoi eimuraactzrehanrra s t e Rsbsrt iaf ohteelfoiesnoepplr l srsaooV .Rm pr rtrileheettlessa cpebr Si ftogfeoooiricilrn nt sgg, Accurate Accountability To ensure accurate invoicing for our clients, Excelsior Defense has invested in Connecteams, intended specifically for our clients, and have successfully executed the integration tcwrliaiednnest,p saa lbrlouewnt tEi ncxegcre Etlisxfiiceoedrl s Diinoevrfoe Dincesifnee gan fssr ewo mteol lCe! oxpnonretc tMeaomntsh, ltyh iBsi alllalobwless ftaos etearc han odf sCilmie apnnltedsr ui inns evo onoiefc Cisnoimgn pnpreloec ctceelisacsmk f!so W rc onimtohtp oannlyy our GPS Generated With Connecteams the most praised feature of the platform would lltDooheccefaaierttni isoosunnep sMwe, arhavnniildase og worenismt. h pe onnsott,t .t iThfihicsai sat ilgolionvwse sso cfs ouGmpueaprrlvdeitsse ow rrhes aotso hs rauevraaecn ntc oaect tccholoartcd kGineugdal yrind t sofo aerrn tesh uoe nribre eP sG otcuhshatee r adadnubsdli ela itdrthye pe ot odons e stps etioiegms ntthea a ettse o Gdp Eu rtexaimscrcdeerlss i abieonexrdda c bty Residential Residential security services are a primary element of Weiser Security’s offerings. We provide security to a wide range of residential communities including gated communities, open-access communities, apartment complexes, and high-rise residential buildings. While some clients require a high level of security visibility, others may prefer a much lower security profile. Weiser Security professionals work closely with property management companies, property owners, and boards of directors to determine each client’s security needs. Weiser Security’s menu of Technology Solutions effectively combines manpower with technology. The result is lower operating costs and a strong, efficient residential security service. Our virtual guard system is an excellent choice for most residential security clients, providing central station alarm monitoring as well as “voice down” access control that can reduce the overall manpower needs. Please visit our Website: www.weisersecurity.com our license number is:BB9500017 EXECUTIVE SUMMARY Weiser Security Services, Inc. is among the nation’s leaders in physical and digital security services. Pairing trained security officers with the highest level of digital security, we’re able to provide custom security solutions that are guaranteed to keep your business, employees and clients safe. The following proposal details how Weiser Security can benefit your business now. Our plan is actionable and based on opportunities we have identified through an in depth analysis of your current security operations. PROPOSAL OBJECTIVES . Thoroughly assess current security operations . Identify weaknesses and pockets of opportunity for improvement to your current security plan . Match Weiser’s service offering with your specific security needs . Create actionable task list to implement your custom security service plan THE WEISER DIFFERENCE At Weiser, we attribute our proven success to the strength of our employees. We follow a recruiting and screening driven hiring approach that guarantees the placement and retention of security professionals that are motivated, qualified and custom fit for each of our clients unique security needs. STRATEGY Our hiring approach was created using the following set of strategic principles. These principals allowed us to maintain focus on the employee as opposed to the employee training. We can ensure the continued success of our clients by giving employees a work environment that allows them to thrive personally and professionally. 1. The right match 2. The right expectations 3. Relationship 4. Recognition 5. Respect Approach We use a building block approach that is based on a foundation built by hiring the right employees. Unlike our competitors, we focus on people first. Our screening process is the most rigorous in the industry. Candidates must pass 12 background standards, 16 physical and mental standards and a 16 step selection process. We provide various elements of training which begin before the officer is placed in the field. Our supervision and quality control programs provide on-going support to employees to ensure that services are consistently being upgraded and all working relationships are successful. THE WEISER DIFFERENCE At Weiser, we attribute our proven success to the strength of our employees. Our employees are the most motivated, engaged and qualified security professionals in the industry as documented by the Gallup Organization. STRATEGY Our approach for employee success is driven by a strategic focus on our five R’s of employee engagement. These principals allow us to maintain focus on the employee. We ensure the continued success of our clients by giving employees an engaging work environment that allows them to thrive personally and professionally. THE FIVE R’s OF EMPLOYEE ENGAGEMENT The following principals have been scientifically proven to generate positive business outcomes such as a reduction in employee absenteeism, increased safety and client account retention, to name a few. The Right Match . The right people, in the right tasks, with the right supervisors drive employee engagement The Right Expectations . Employees need to know how they win at Weiser, how they win today and how they win with their supervisor. Relationship . Connections between people make the difference in partnership, productivity and employee satisfaction. One’s supervisor is typically the third most important person in their life. Recognition . Recognize employees not just for what they do well, excellent or great – but for what they merely do right. Respect . Treat all employees with the same level of respect and when dealing with people always do what is right. THE WEISER PROMISE Our promise to our clients is that we will “Employ only the most dependable and reliable.” By making it through our screening process, employees have demonstrated such traits and are among the best. EMPLOYEE HIRING Recruiting and screening are the foundation of the Weiser building block approach. We focus on recruiting and screening people who are motivated similar to the most successful security officers. RECRUITING Weiser Security has built the largest database in the world of psychometric and biographic data on security officers in the work place. Research shows that productive security officers don't work just because of the money. These qualified individuals are motivated by the need to be helpful and to be of service. We don't rely on traditional recruiting methods to source potential employees. Instead, we have developed strategic sources of applicant flow. Listed below are just a few of the sources we tap into for successful officer candidates. . Employee referrals . Recruiting cards . Military out placement . AARP . Catholic Charities . Veterans Services SCREENING Standard screening doesn’t detect unrevealed personality traits that may cause problems on the job. Many people can do a job, but don’t because they do not possess the proper motivation. We developed a screening assessment tool that we call InnerView™. InnerView™ is an objective second opinion for selecting and placing security officers who have strong customer service skills. InnerView™ ranks individual personality and motivation and has the ability to determine suitability for particular assignments. Our goal is to match each officer with the particular needs of each post. Since 1991, we have had incredible success using this proprietary testing system which is the only officer performance and assignment profile tool in the industry. . Screens in the best customer service skills and strongest work ethic. . Screens out problems, absenteeism, and dishonesty. . Determines ability for public contact, working alone, activity and attention to detail. . Estimates turnover risk SELECTION We are highly selective when choosing employees in order to ensure a greater chance of success. On average, only 9 out of 100 applications are selected to move forward in the hiring process. We are considered to be pioneers in the field of validated research and psychological profiling of security officers. Our scientific profiling is based on many areas of selectivity: . Workplace problems . Work ethics . Reliability . Dependability Our aim is to improve employee performance and lower turnover risk. Every employee file is: 1. Investigated by the Branch Staff 2. Double checked for accuracy by the Corporate Selection Controller to ensure our standards are met. PLACEMENT InnerView™ uses two different profiles. The first profile is selection. If a candidate passes selection, they are then profiled for placement. InnerView™ placement is based on two variables universal to all posts, which are: The importance of interpersonal skills -If a post requires a great deal of public contact, the officer should possess a higher level of social skills, and vice versa. Activity level -The more complex the duties, the more attentive to detail the employee must be, and vice versa. Combining these two dimensions allows us to classify four types of post assignments. In turn, these describe four distinct “types” of security officers. Officers who are comfortable with their posts report more job satisfaction, which contributes to better performance, lower turnover, and fewer problems all around. GREETER Lobby Information Desk GRATIFIER Airport Security Pre Board Screening GRAVEYARDER Night Watchmen GRINDER Camera Monitoring SUPERVISION Our management and supervision practices help us foster positive relationships with our officers. We employ stable, professional managers who create meaningful partnerships with officers in order to increase employee satisfaction and productivity. Each shift, each site is visited each week including weekends. Visits are frequent and meant to encourage communication and prevent a sense of isolation for officers in the field. REPORTING Monthly Client Service Call Reports, done face to face, are created with the client and management staff. These reports are used as a tool to develop action plans that help address any issues or concerns. Officer Contact Reports and Field Supervisor To Do Lists are completed daily to ensure constant communication between management and officers. MANAGEMENT PRACTICES Weiser account management is localized and service-driven. Unlike competitors, Weiser management is incentivized based on client retention and quality of service. All levels of our Operations Team are available to clients and officers 24/7. Our goal is to create quality face to face time with officers and clients. The lines of communication are kept open with each post for each shift, each week, weekdays and weekends. A description for management positions are outlined below. FIELD-SITE SUPERVISOR . Daily client communication . Trained on each position . Available for emergencies and back-up . Responsible for officer management and scheduling . Liaison between Weiser Operations Team and field officers ACCOUNT MANAGER . Face to face client communication every month . Assists in development of site procedures . Makes monthly service calls . Responsible for officer selection, training and emergency response BRANCH MANAGER . Face to face communication with clients every four months (or three months depending on size) . Responsible for all account operations . Reviews client activities and creates action plans for monthly service calls . Coordinates and develops procedures and site specific training . Responsible for quarterly review of policies . Available for emergency response . Responsible for selection and training of employees REGIONAL VICE PRESIDENT . Face to face communication with clients two times per year (or three months depending on size) . Responsible for management of an average of six branches . Reviews operational reports . Implements and monitors action reports . Evaluates performance of Operations Team and on-site security personnel TRAINING Weiser officer training is conducted by a manager or supervisor only. Every officer goes through a comprehensive security and customer service training program consisting of four main types of training. 1. Pre-site training 2. On-the-job training 3. In service training 4. Online training PRE-SITE TRAINING . Classroom training which takes place before officer assignment . Integrates lectures and video in a classroom setting . Sets employee expectations ON-THE-JOB TRAINING . Introduces officer to his new work environment . On-site training customized for each client . Post orders test must be successfully completed before officers are allowed to work IN-SERVICE TRAINING . Officer evaluations and testing take place multiple times throughout the year . Officers work with management to set quantifiable and attainable training goals ONLINE TRAINING . Continuing education and officer training through proprietary multimedia web based training program . On-line training can be tracked by management . Certificates of completion are awarded to each officer upon successful completion of each session QUALITY CONTROL Our quality control plan guarantees the successful selection, placement, training and supervision of security officers. Weiser employees who are selected to join your team are engaged in their work and are 100% committed to protecting your business and its assets. We believe the level of service we provide for our clients can be measured. We’ve broken down broad security principals into smaller, manageable and measurable pieces that we call leading and lagging indicators. These indicators are all based on positive business outcomes from 20 years of data. For example, one of our measurable items is Span of Control. We measure how many accounts and hours per week each manager is responsible for servicing. We know from experience that if our managers are tasked with too many accounts then quality suffers. Some other indicators that we measure and publish include payroll Errors per 100 employees, New Hire to Applicant Ratio and Quality Officer Contacts. Our Statistical Quality Control Program is a red-flag system. We know problems will begin when the tolerances are out of sync. It helps keep us focused on areas that need improvement and it enhances the level of quality service for you. RESOLUTION 2025-04 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLASOL COMMUNITY DEVELOPMENT DISTRICT ADOPTING POLICY REGARDING ACCESS TO SECURITY CAMERA DATA; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the VillaSol Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes, and located in Osceola County, Florida; WHEREAS, the District’s amenities and facilities, including but not limited to the roadways, clubhouse and pool (collectively, the “Amenities”), have been or will be constructed in accordance with the District’s purpose and improvement plan; WHEREAS, the District utilizes security camera systems to monitor certain Amenities in an attempt to discourage illegal and/or dangerous behavior, aid law enforcement in the investigation of criminal activity and protect property from damage; WHEREAS, the District’s Board of Supervisors (the “Board”) finds that it is in the best interests of the District and necessary for the efficient operation of the District to adopt a policy regarding access to the District’s security camera data, as further described in Exhibit “A” attached hereto (the “Security Camera Data Policy”), for immediate use and application and such should amend and restate any and all prior policies on this subject matter; WHEREAS, pursuant to Section 119.071(3)(a), Florida Statutes, and Section 281.301(1), Florida Statutes, information related to security systems, “including all records, information, photographs, audio and visual presentations [. . . .]”, is confidential and exempt from the Public Records Act set forth in Ch. 190, Florida Statutes; and WHEREAS, the Board finds that it is in the best interests of the District to adopt the Security Camera Data Policy by this Resolution. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLASOL COMMUNITY DEVELOPMENT DISTRICT: 1. SECTION 1. The above stated recitals are true and correct and are hereby incorporated by reference. 2. SECTION 2. The Security Camera Data Policy, attached hereto as Exhibit “A”, is hereby adopted pursuant to this Resolution, and it amends and restates any and all prior policies on this subject matter. The Security Camera Data Policy shall stay in full force and effect until such time as the Board amends or rescinds it. The Board approves the right to approve amendments to the Security Camera Data Policy by motion at a Board meeting. 3. SECTION 3. The District’s security camera data is confidential and exempt from disclosure to the public, except in the limited circumstances specified in Florida law, including those set forth in Section 119.071(3), Florida Statutes, as further described in the Security Camera Data Policy. 4. SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect. 5. SECTION 5. This Resolution shall take effect immediately upon its adoption and shall remain in effect unless rescinded or repealed by the Board. PASSED AND ADOPTED THIS ________ DAY OF February, 2025. ATTEST: VILLASOL COMMUNITY DEVELOPMENT DISTRICT ________________________________ By:_______________________________ Secretary/Assistant Secretary Its:________________________________ Exhibit “A”: Security Camera Data Policy 2 Resolution 2025-04 Policy Regarding Security Camera Data VillaSol Community Development District Exhibit “A” [See attached] VillaSol Community Development District – Security Camera Data Policy (Adopted February 11, 2025 by Resolution 2025-04) I. Purpose The purpose of this policy is to set forth guidelines within which the VillaSol Community Development District (the “District”) will use and provide access to its security camera footage. The District utilizes security camera systems (collectively referred to herein as the “System”) in order to monitor certain property/amenities owned and/or controlled by the District (collectively referred to herein as the “Amenities”). The primary purpose of the System is to discourage illegal and/or dangerous behavior for the enhancement of public safety and preservation of the Amenities, and to aid law enforcement in the investigation of criminal activity, pursuant to Florida law. This policy is intended to enhance safety and security, while protecting individuals’ rights to privacy. II. Use of Security Camera Data Security camera data (including, but not limited to, footage, records, information, audio and visual presentations, surveys and schematic diagrams) (collectively referred to herein as, the “Data”) shall be stored and retained in accordance with Florida law. Pursuant to Section 119.071(3), Fla. Stat., the Data is confidential and exempt from public records disclosure requirements, including those set forth Section 119.07(1), Fla. Stat., and may be disclosed for the following limited reasons only: (1) in furtherance of the official duties and responsibilities of the District (i.e., for the “official business” of the District); (2) to another local, state or federal agency in furtherance of that agency’s official duties and responsibilities; or (3) upon a showing of good cause before a court of competent jurisdiction. Data shall not be used in furtherance of any duties, responsibilities and/or desires of private individuals and/or entities, unless otherwise permitted under Florida law. Section 119.071(3)(a)4., Fla Stat. requires that any entities or persons receiving the Data shall maintain the exempt status of the Data. Access to the Data is limited to the District’s management company and Supervisors elected/appointed to serve on the District’s Board of Supervisors, upon consent by the District Manager (the “Appointee”). The District Manager and any Appointee shall comply with this Policy and all laws related to the Data. Prior to an Appointee gaining access to the System, the Appointee shall be required to sign, and return to the District, the “Consent & Acknowledgement Regarding VillaSol Community Development District Security Data” form attached hereto. CONSENT & ACKNOWLEDGEMENT REGARDING VILLASOL COMMUNITY DEVELOPMENT DISTRICT SECURITY CAMERA DATA Pursuant to this “Consent & Acknowledgement Regarding VillaSol Community Development District Security Camera Data” (the “Consent”), entered into on _____________, ________, by __________________________________________________________, whose address is __________________________________________________________ (the “Appointee”), the VillaSol Community Development District (“District”) hereby grants permission for the Appointee to have access to the District’s security camera Data (as defined herein), subject to the terms herein, which may be amended or terminated at the sole discretion of the District. 1. Description of Security Camera Data: The District utilizes security camera systems (collectively referred to herein as the “System”) in order to monitor certain property/amenities owned and/or controlled by the District (collectively referred to herein as the “Amenities”). The primary purpose of the System is to discourage illegal and/or dangerous behavior for the preservation of public safety and the Amenities, and to aid law enforcement in the investigation of criminal activity, pursuant to Florida law. Data from the System (including, but not limited to, footage, records, information, audio and visual presentations) is collectively referred to herein as, the “Data.” 2. Compliance: The District is a local unit of special-purpose government created in accordance with Ch. 190, Fla. Stat. Appointee agrees that it shall comply with all applicable laws, statutes, regulations, rules, policies and ordinances related to the Data, including the rules and policies adopted by the District’s Board of Supervisors related to the Data (such as the District’s Security Camera Data Policy, adopted on February 11, 2025, by Resolution 2025-___), as may be amended from time to time. PURSUANT TO SECTION 119.071(3), FLA. STAT., THE DATA IS CONFIDENTIAL AND EXEMPT FROM PUBLIC DISCLOSURE, INCLUDING AS SET FORTH IN SECTION 119.07(1), FLA. STAT., AND MAY BE DISCLOSED FOR THE FOLLOWING LIMITED REASONS ONLY: (1) IN FURTHERANCE OF THE OFFICIAL DUTIES AND RESPONSIBILITIES OF THE DISTRICT (I.E., THE OFFICIAL BUSINESS OF THE DISTRICT); (2) TO ANOTHER LOCAL, STATE OR FEDERAL AGENCY IN FURTHERANCE OF THAT AGENCY’S OFFICIAL DUTIES AND RESPONSIBILITES; OR (3) UPON A SHOWING OF GOOD CAUSE BEFORE A COURT OF COMPETANT JURISDICTION. APPOINTEE SHALL BE REQUIRED TO MAINTAIN THE EXEMPT STATUS OF THE DATA. Appointee shall promptly notify the District Manager of any and all use and disclosure of the Data by the Appointee. Data shall not be used for pursuits by private entities or persons (such as an HOA or individual homeowner). 3. Indemnification: Appointee agrees that it shall indemnify (reimburse), defend and hold harmless the District and the District’s officers, supervisors, agents, employees and assigns from and against any and all claims, demands, suits, judgments, losses or expenses of any nature whatsoever (including, without limitation, attorneys’ fees, costs and disbursements), arising from or out of, or relating to, directly or indirectly, Appointee’s use of and/or access to the Data (including disclosure of the Data). Appointee is required to promptly reimburse the District for any monetary damages caused by Appointee’s use and/or access to the Data (including disclosure of the Data); such costs may be a lien on the Appointee’s property enforceable by the District if not paid within 60 days’ notice to Appointee. 4. Sovereign Immunity: Nothing herein shall cause or be construed as a waiver of the District’s sovereign immunity or limitations on liability granted pursuant to Section 768.28, Florida Statutes, or other law, and nothing in this Consent shall inure to the benefit of any third party, including for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. 5. Right to Terminate: The District reserves the right to, immediately and without notice, in its sole discretion, terminate this Consent. 6. Governing Law. This Consent shall be interpreted and enforced under the laws of the State of Florida. Any litigation arising under this Consent shall occur in a court with jurisdiction in Orange County, Florida. The Appointee and District waive trial by jury rights and agree to submit to personal jurisdiction and venue in Orange County, Florida. Signed by Appointee: Signed by VillaSol Community Development District: By: By: Name: Name: Title: Title: Date: ___________ Date: ___________ 1001 Yamato Road . Suite 301 Boca Raton, Florida 33431 (561) 994-9299 . (800) 299-4728 Fax (561) 994-5823 www.graucpa.com 2010 Grau Logo - HiRes January 15, 2025 Board of Supervisors VillaSol Community Development District 219 East Livingston Street Orlando, Florida 32801 We are pleased to confirm our understanding of the services we are to provide VillaSol Community Development District, Osceola County, Florida (“the District”) for the fiscal year ended September 30, 2024, with the option of four (4) additional one-year renewals. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of VillaSol Community Development District as of and for the fiscal year ended September 30, 2024, with the option of four (4) additional one-year renewals. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited: 1) Management’s Discussion and Analysis 2) Budgetary comparison schedule The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information: 1) Compliance with FL Statute 218.39 (3) (c) Audit Objectives The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement. We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements. Examination Objective The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement. Other Services We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities. Management Responsibilities Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them. Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements. Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence. Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report. Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information. With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document. Audit Procedures—General An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse. Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards. Audit Procedures—Internal Control Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards. Audit Procedures—Compliance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards. Engagement Administration, Fees, and Other We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing. The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation. Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates 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 Auditor 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 Grau & Associate’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 Grau & Associates, Grau & Associates 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 GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524. This agreement provides for a contract period of one (1) year with the option of four (4) additional, one-year renewals upon the written consent of both parties. Our fee for these services will not exceed $7,000 for the September 30, 2024 audit. The fees for the fiscal years 2025, 2026, 2027 and 2028 will not exceed $7,100, $7,200, $7,300 and $7,400, respectively, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued. We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis. The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all outof- pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate. The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of 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 Grau & Associates. We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter. We appreciate the opportunity to be of service to VillaSol Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. Very truly yours, Grau & Associates Tony, Jr ______________________________ Antonio J. Grau RESPONSE: This letter correctly sets forth the understanding of VillaSol Community Development District. By: Title: Date: A close-up of a letter Description automatically generated PROPOSAL VillaSol Community Development District Prepared for: Board of Supervisors ORLANDO OFFICE 8529 South Park Circle, Suite 330 Orlando, FL 32819 813.933.5571 | rizzetta.com FIRSTLY THANK YOU FOR CONSIDERING US! 2 Rizzetta & Company | Professionals in Community Management January 29, 2025 Board of Supervisors VillaSol CDD RE: Community Development District Management Services Dear Supervisors, Rizzetta & Company appreciates the opportunity to present our qualifications to serve as District Manager for VillaSol Community Development District. With 39 years of experience and a state-wide presence, we are prepared to handle all present and future projects for the district. As one of the largest providers of district management services, we are uniquely qualified to understand the complexities of managing a community development district. Our proposal outlines a knowledgeable team, including Brian Mendes as your proposed Lead District Manager. He’ll have the support of Matt Huber as 2nd Chair District Manager, Melissa Dobbins our Regional District Manager, and a large team of district services professionals to ensure transition and daily operations run smoothly. Even though you may only see your district manager at your meetings, your district would be supported by three accounting professionals, a financial associate, and a dedicated administrative assistant. So, you would have a team of seven that would work for your district on nearly a daily basis. All those professionals take immense pride in their work to ensure that your district always remains in compliance and fulfils all its obligations. Thank you for your time and consideration of our proposal. We look forward to meeting with you and the Board of Supervisors to review and discuss our proposal in detail. Should you have any questions or require additional information, please feel free to contact Scott Brizendine at sbrizendine@rizzetta.com Very truly yours, Scott Brizendine Vice President of Operations Rizzetta & Company | Professionals in Community Management PROPOSAL CONTENT 5 OUR STORY ... SO FAR 6 MILESTONES 7 BY THE NUMBERS DISTRICT SERVICES 8 12 TECHNOLOGY TOOLS & RESOURCES 13 WHY CHOOSE US? 15 PROPOSED PRICING MEET OUR DEDICATED TEAM & CLIENTS IN THE AREA 16 OTHER SERVICES 23 28 CUSTOMER SATISFACTION 29 TESTIMONIALS 30 OUR COMMITMENT TO THE INDUSTY & THE COMMUNITY 31 INSURANCE 32 LANDSCAPE INSPECTION SERVICES PROPOSAL ABOUT US OUR STORY ... SO FAR Rizzetta & Company is a Florida-based professional community management and consulting firm that provides services to residential and commercial communities throughout the state of Florida. With over 39 years in the industry, Rizzetta & Company, is staffed with highly experienced managers and support staff. Each of our eight offices throughout Florida has a team of employees with diverse backgrounds, both personally and professionally, who provide the highest quality services to our clients. Rizzetta & Company was founded in 1986 in Tampa, Florida by William Rizzetta. The original focus of the Company was to provide professional assessment consulting services for Community Development Districts in association with the issuance of bonds. As the Company’s reputation for excellent work and customer service grew, the practice expanded over the next thirty years by adding related services which resulted in today’s “Full Service” organization. OFFICE LOCATIONS HEADQUARTERS 3434 Colwell Avenue, Suite 200 Tampa, FL 33614 THE TIMELINE OUR MILESTONES 1986 Rizzetta & Company was founded. 1992 Collection agent services were added for Community Development Districts to support the process of bond repayments. 1996 Community Development District Management services were added. 1998 As a natural counterpart to District Management, Association Management was introduced. 2008 Seeing a growing need for Amenity Services at the request of various clients, Amenity Services was introduced. 2009 In addition to the growing Amenity Management services, the need for more landscape oversight led to adding our Field Services. 2011 With the departure of various companies from the marketplace, Continuing Disclosure services were added to provide various compliance reporting for Districts and Bondholders. 2013 Due to the recession, some Districts were in financial crisis and required the formation of Special Purpose Entities to manage them through these times. Our firm was asked to take on many of these projects as an additional service. 2015 The continued growth in technology & changes to Florida Laws, Technology Services was introduced to provide website development and hosting, along with email and support services to our clients. 2016 Rizzetta & Company celebrated its 30th anniversary. 2020 Rizzetta & Company was designated an approved educational provider of Association Board Member Certification from the Florida Department of Business and Professional Regulation. FACT SHEET BY THE NUMBERS 39 55 150+ YEARS OF EXPERIENCE EST. 1986 ASSOCIATION SERVICES TEAM MEMBERS ASSOCIATION SERVICES CLIENTS 50 120+ 100 20+ DISTRICT SERVICES CLIENTS AMENITY SERVICES TEAM MEMBERS DISTRICT SERVICES TEAM MEMBERS AMENITY SERVICES CLIENTS MANAGEMENT STRESS FREE FOR YOUR DISTRICT DISTRICT SERVICES SERVICES Rizzetta & Company | Professionals in Community Management 9 WHAT WE DO SERVICE AREAS OF Rizzetta & Company would provide professional district management services to VillaSol CDD pursuant to Chapter 190, Florida Statutes. A brief description of these services is provided below: Management • Attend and conduct all regularly scheduled and special Board of Supervisors meetings, continued meetings, and workshops. • Arrange for time and location and all other necessary logistics for such meetings. • Ensure compliance with all statutes affecting the district which include but are not limited to: » Assist in the negotiation of contracts, as directed by the Board of Supervisors. » Advise the Board on the status of negotiations as well as contract provisions and their impacts on the District. » Make recommendations on contract approval, rejection, amendment, renewal, and cancellation. In advance of expiration of contracts, advise the Board as to need for renewal or additional procurement activities and implement same. » Monitor certificates of insurance as needed per contracts. • Routine site inspections to verify the state of repair for all District assets • Review and create as needed a periodict maintenance schedule for District assets The District Manager is not a role filled by an individual, rather it is a commitment by a team of motivated and skilled employees. We recognize that our role is more than an individual orchestrating a Board meeting. It is to ensure the District is fully compliant with statutory requirements and managed effectively and efficiently. Given Rizzetta’s physical footprint across the state and extensive staffing resources, we are uniquely qualified to respond to the needs of your District. Administrative • Prepare agendas for Board of Supervisors meetings • Provide accurate minutes for all meetings and hearings. • Implement and maintain a document management system to create and save documents, and provide for the archiving of District documents per general records schedule GS1-SL. • Certify and file the annual report to the Department of State, Library and Archive Division, for storage and disposal of public records. • Protect integrity of all public records in accordance with the requirements of State law. Respond to public records requests as required by law and in compliance with the Rules of Procedure and the District’s adopted public records policy. WHAT WE DO Rizzetta has been electronically providing agendas to our Boards for a number of years resulting in substantial savings in printing costs to the Districts. We go one step further by providing electronic tablets to Board member for use during the meetings. This approach also allows immediate posting on the CDD website as required by statute. Audio recordings of the board meetings are stored on our Raid 5 disk array which is redundantly backed up to both a local and cloud storage appliance. Accounting Services include the monthly preparation of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity. Rizzetta uses Sage Intacct Fund Accounting software that is designed specifically for governmental fund accounting. Our accounting processes have multi-level reviews to insure proper internal control and accuracy. The result of our accounting infrastructure is an industry recognition by auditing firms that the books and records of Rizzetta managed districts are exceptional. Financial & Revenue Collection Services include all functions necessary for the timely billing, collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance obligations. Our staff has significant expertise in assessment roll preparation and required certification to county Property Appraiser offices. Because of our experience, we enjoy a great relationship with those staff throughout the state. In addition, the required direct billings for property not on the tax roll are managed in concert with the same familiar staff. We are organized to efficiently respond to property owner questions regarding District assessments and issue estopel letters and lien releases as needed for property transfers Bond Issuance Services When the District is ready for a major augmentation that may require additional bonds; we can help by: Preparing a Special Assessment Allocation Report; a) Prepare benefit analysis based on infrastructure to be funded with bond proceeds. b) Prepare Preliminary Special Assessment Allocation Report and present to District board and staff. WHAT WE DO c) Present Final Special Assessment Allocation Report to board and staff at noticed public hearing levying special assessments. Bond Validation; d) Coordinate the preparation of a Bond Validation Report which states the “Not-to exceed” par amount of bonds to be issued by the District and present to board as part of the Bond Resolution. e) Provide expert testimony at bond validation hearing in circuit court. Certifications and Closing Documents; f) Prepare or provide signatures on all closing documents, certificates or schedules related to the bond issue that are required by District Manager or District Assessment Methodology Consultant. Because providing bond issuance services was the cornerstone on which Rizzetta was founded, our expertise in this area is unparalleled. The special assessment allocation methodology report has been continually refined over the years to reflect new financing methods that are acceptable to the industry. Landscape Inspection Services Landscape Inspection Services conducted by certified and experienced advisors is the fastest growing business sector at Rizzetta. As the District’s live assets generally represent the largest maintenance expenditure. Our Field Services team presently services 40 communities preparing monthly reports for District Boards wanting their greenspace to be unrivalled. Working alongside the District Manager, monthly inspections ensure irrigation, vegetation and landscape maintenance are working in concert to create the appealing environment envisioned by the original landscape architect. Amenity Services and Management Rizzetta & Company provides expert general management and oversight of the amenity contract with the District within the agreed upon scope of service. These responsibilities include duties associated with managing the personnel, such as recruiting, hiring, training, oversight, and evaluation. As required, the Amenity Services representative will attend meetings to provide any updates or address concerns as well as be available to any board member for open and direct communications. Technology Services Our Technology Services host District websites for purposes of updating records to ensure the websites remain in compliance with statutory requirements. Having this service under the same roof as District Management ensures details are not missed and critical filings are consistently observed. A third-party vendor performs the ADA mediation of the website. We also host and archive District specific e-mail accounts, if necessary. HOW WE DO IT TECHNOLOGY TOOLS & RESOURCES Vendor Management Software As leaders in the industry, we are continually looking for ways to improve the level of service we offer and protect the communities we serve. To enhance our Vendor Compliance Program, we have partnered with Vendor Information Verification Experts (VIVE) as the platform to support the program. We chose to move vendor vetting to VIVE to ensure consistent compliance amongst similar vendors, speed up the review process, and allow our managers to have real-time information to properly screen vendors for insurance and trade licensing. The choice to engage with a particular vendor will always be in the hands of the board of supervisors. Our goal is to provide our clients with information to help make educated decisions. Client Support System Dedication to our clients is one of the driving principles at Rizzetta & Company. We’re here to help our communities thrive and offer support in ways that are convenient for our board of supervisors and residents. Our integrated, client-focused system, helps our staff manage requests across platforms and efficiently connect with internal teams and external partners. This industry-leading system allows our team to deliver immediate assistance while providing superior customer experience over the phone or e-mail. Making it easier to track, prioritize and streamline the processes to provide faster resolution. VIVE HOW WE DO IT Document Management System You’re just a click away from what you are looking for with your dedicated SharePoint Site. This web-based collaborative platform will allow you to quickly find District information and share files, data, news, and other resources. SharePoint empowers teamwork, seamlessly integrates with Microsoft Office, and securely connects across PCs, Macs, and mobile devices. Customize your site to streamline your District’s work. Accelerate productivity by transforming processes—from simple tasks like notifications and approvals to complex operational workflows. Financial Management Software Sage Intacct will simplify your accounts payable and payment processes and get convenient, secure access to all your financial information. One District account login provides access to realtime accounting information. Sage Intacct integrates with existing tools and automates processes. • Accounts payable: Streamline workflows and see expenses. • Cash management: Track multiple accounts with real-time visibility. • Back transactions: View written checks, deposits, and monthly statements. • Financial Statements: Easily track transactions at anytime from anywhere SHAREPOINT SAGE INTACCT WHY US? WHY CHOOSE US? Clients choose us because we have the experience to create robust, integrated solutions based on each District’s unique needs, budget, and long-term goals. Extensive Experience • Rizzetta is the only “original” Community Development District Management company continuously providing services to Districts since the first CDD (Tampa Palms) issued bonds in 1986. Today, 38 years later, Bill Rizzetta continues to manage his company on a daily basis. In addition, Rizzetta brings extensive industry knowledge and influence at the legislative level. • The first District Management company to successfully merge multiple separate CDD’s into a unified District. Result-Driven & Client-Focused • District Finance team has vast knowledge having been involved in over 250 separate Bond Transactions with total funding exceeding $3 Billion; served as the Dissemination Agent for over 80 Districts; and prepared over 1,700 Tax Assessment rolls. • District Accounting staff has been audited over 3,000 times (each District is audited annually) with no findings of internal control issues or fraudulent activity. • We have established a dual team approach where an assigned Lead District Manager handles daily operations and the 2nd Chair District Manager ensures continuity of service by a qualified District manager when the Lead District Manager is out of the office. • Rizzetta’s continuous improvement culture compounded with relentless training of all staff provides for ever increasing levels of service and performance. Training & Infrastructure • As part of the transition process, we provide an Onboarding Workshop to go over responsibilities and contracts with Board of Supervisors. We also offer free training sessions to new board members to gain better understanding of how the community should operate. • Rizzetta made significant investments in its information infrastructure to harden its protection of Public Documents and enhance the electronic communication with Board members. Public documents are now protected with multi-factor authentication, cloud storage, professional patch management and hardware replacement policies. • Rizzetta introduced “electronic agendas” to Board meetings negating the need to print and bind thousands of pages by providing electronic tablets for Board use during all meetings. PRICING PROPOSED PRICING District Services Provided Budget Rizzetta District Management $51,450 $48,878 Up to 12 Meetings per year and 1 budget workshop. Recording, Notice, Administrative Support, Public Records Repository and Distribution District Operations. Administrative Fees: - For all meetings exceeding 3 hours $175/per hour - For additional meetings $175/per hour (includes drafting agenda, meeting attendance, and drafting of minutes) District Accounting No budget Included Monthly Financial Package per GASB Budget Prep and Monthly Monitoring Assessment Roll Administration $5,000 $5,000 Prepare Annual Assessment Rolls and Submit to County Tax Collectors and Property Appraisers Create and Maintain the Assessment Rolls Annual Finance and Revenue Collections No budget Included Estopple Issuance Debt Management Continuing Disclosure Services $1,000 $1,000 Serve as the Dissemination Agent for All Bond Issuances to Ensure Compliance with the Security & Exchange Commission Rule 15c2-12 ($1,000 for each additional bond issuance) Technology Services $1,200 $1,200 Website Monitoring and Monthly Content Uploads Postage & Delivery $800 Included Printing & Binding $1,500 Included TOTAL $60,950 $56,078 8% Savings $4,873 THE TEAM VILLASOL CDD DEDICATED TEAM MEMBERS Rizzetta & Company prides itself on the experience and dedication of its collective staff. When you engage Rizzetta, you have a combined group with hundreds of years of experience at your service. Lead District Manager Brian Mendes is a District Manager at our Orlando office. He spearheads the management and ongoing administration of districts spanning Brevard, Lake, Osceola, Polk and St. Lucie counties. These districts, comprising both developer and resident-controlled boards, benefit from Mr. Mendes’ strategic vision and operations. Mr. Mendes is a seasoned executive who has served as the Chief Operating Officer for his previous company, overseeing multiple departments and orchestrating seamless coordination among them to drive organizational efficiency and effectiveness. Prior to joining the Rizzetta team, Mr. Mendes also excelled as an executive leader in the hospitality industry, accumulating over eight years of experience optimizing systems, achieving financial goals and enhancing client satisfaction. Mr. Mendes holds an A.S. in Business Administration from Daytona State College and is a licensed notary public in Florida. Brian Mendes 2nd Chair District Manager Matthew Huber is a Regional District Manager for Rizzetta & Company, Inc., and oversees the management team in our Tampa Bay market, with offices in Tampa, Wesley Chapel, and Riverview. He was named to the position in August of 2020. Mr. Huber most recently served as a District Manager in the Tampa office, overseeing a portfolio of Community Development Districts in Pasco, Hillsborough, and Manatee Counties. Prior to that he served as a District Manager in the Wesley Chapel office. Mr. Huber started with Rizzetta & Company, Inc., in 2006 as a District Manager for our Fort Myers area clients in Lee and Collier County. Matthew Huber THE TEAM Prior to joining Rizzetta & Company, Inc., Mr. Huber worked as a Land Development Project Manager with DR Horton in the Fort Myers area. While working as a Land Development Manager, Mr. Huber gained valuable development knowledge that assists him in his management of his Districts. In addition to his development experience, Mr. Huber also has sat as CDD Board member, serving on two CDD Boards as an Assistant Secretary. Prior to working for DR Horton. Mr. Huber interned with the Board of County Commissioners Long Range Planning Department in Polk County. With his experiences working in this department, he has gain valuable insight into government practices. Mr. Huber received his Degree in Business Administration from the University of South Florida in 2005. He is a Licensed Community Association Manager and Notary Public in the State of Florida. Regional District Manager Melissa Dobbins is a Regional District Manager for Rizzetta & Company and is responsible for oversight of the St. Augustine, Orlando, Ft. Myers and Panama City office. Ms. Dobbins started with Rizzetta & Company in 2006 as a District Manager in the former Daytona Beach office. Before joining Rizzetta & Company, Ms. Dobbins worked as an Education Administrator/Assistant Director at the post-secondary and university levels of academia for over six years. Ms. Dobbins’ responsibilities included program development, training, evaluation, fiscal management, remediation, and retention. She created safe, professional, and fair environments by instituting quality control management and strategic leadership tactics. In addition, she has diverse experience in sales and marketing while always ensuring the highest standards and quality service. Ms. Dobbins holds a B.A. in Business Administration from the University of Florida. After completing her undergraduate work, Ms. Dobbins obtained her M.A. in Education Administration from the University of Florida. She is also a Licensed Community Association Manager and a Notary Public in the State of Florida. Melissa Dobbins ACCOUNTING & FINANCE TEAM • Patricia Bishop – Accounting Clerk • Hanna Yi – Staff Accountant • Venessa Smith – Senior Accountant • Samantha Reese – Financial Associate • Shandra Torres – Compliance Associate OUR CREDENTIALS AROUND THE REGION We strive to provide exceptional and efficient service that meets our clientele’s needs. The assigned District Manager is housed at our Orlando office. CLIENTS IN THE AREA Paula Hall - Chair Estates at Cherry Lake E: paulacdd24@gmail.com Maria Borrero – Chair Gramercy Farms E: mborrero.gramercyfarmscdd@gmail.com Jim Walker – Chair Greater Lakes/Sawgrass Bay E: Seat3@glsbcdd.org Jason Torres – Chair Town of Kindred E: jaytcdd@gmail.com John Valantasis – Chair Town of Kindred II E: jgvalantasis@drhorton.com THE TEAM IMMEDIATE SUPPORT FOR VILLASOL CDD TEAM MEMBERS Scott Brizendine Scott Brizendine is our Vice Present of Operations, Community Development Districts. His responsibilities include the oversight of all operations associated with Rizzetta’s district services department including management, administration, accounting, financial and dissemination services. Most recently, Scott was the Manager of District Financial Services after serving 10 years as a District Manager and Associate Director, beginning his employment with Rizzetta in 2005. He has extensive experience managing special districts in Florida and Louisiana, as well as writing assessment methodology reports for 100+ bond issuances, processing assessment rolls and providing continuing disclosure services. He has served as an expert witness multiple times for litigation, district establishments, district boundary amendments and bond validation proceedings. Prior to joining Rizzetta, Scott worked in the Finance Department of the Walt Disney Corporation and most recently he was employed as an Accountant for property management companies in Indianapolis as well as in Tampa. Scott received a bachelor’s degree in Finance from Florida State University. He is a licensed Community Association Manager and Notary Public. He is a member of the Florida Government Finance Officers Association, the Association of Florida Community Developers, and a graduate of Leadership Tampa Bay – Class of 2018. Scott has enjoyed volunteering his services to multiple charities including the Make a Wish Foundation, Metropolitan Ministries and The United Way. Kayla Connell Kayla Connell is part of the CDD management team having been with Rizzetta & Company since 2019 and manages the District Financial Services department where she and her staff are responsible for the preparation of tax rolls for the thousands of homeowners residing in Rizzetta managed Districts and the corresponding collection of the revenues from the various tax collection offices. Additionally this department issues Estoppels for properties changing ownership, assists in individual District budget preparations and posts required disclosures to EMMA – the official source for municipal securities data and disclosure documents. She oversees the writing of assessment methodology reports for bond issuances, refundings and restructures; authoring Statement of Estimated Regulatory Costs reports for District establishment and boundary amendment petitions. Kayla spends some of her spare time supporting Feeding Tampa Bay, Autism Speaks as well as as playing golf. Kayla received her Bachelor of Science in Finance from the University of Central Florida. THE TEAM Michelle White Michelle White is our Director of Client Accounting Services and oversees the accounting cycle associated with Rizzettas’ Association and District divisions. Michelle joined Rizzetta & Company in November 2021 as the Manager of Association Accounting Services. Over the past 20 years, Michelle has worked in accounting within the public and private sectors. Before joining Rizzetta & Company, she worked for many years as a Senior Accountant for Bloomin’ Brands, Inc. restaurant company, as well as working as an Accountant for several CPA firms. In her current role, Michelle is responsible for the preparation of financial statements, processing accounts payable, recording and collecting assessments, reconciliation of bank statements, accounts receivable and collections, taxes, and annual financial reporting compliance, and all other accounting processes that periodically require attention and developing team members to their fullest potential. Michelle received her Bachelor’s degree in Accounting from the University of South Florida and is a Licensed Community Association Manager and Notary Public in The State of Florida. Michelle is a native of Florida who enjoys all the local beaches. She is a wife and mother of 2. Michelle also volunteers her time to serve on her own Association’s board of directors. Zack Feell Zachary Feell is a Senior Financial Analyst for the Rizzetta & Company Corporate Team, responsible for Financial Planning & Analysis activities across all Rizzetta lines of business. Over the course of his 2+ years at the company he has built various models to accurately forecast Rizzetta & Company Financials across CDD, HOA and Community Services; closely tracking client and expense activities, delivered to drive confident business decision making for Senior Management. Additional responsibilities include managing Real Estate loan activities, CDD payment verification controls and ad hoc Corporate Accounting projects. Zachary spends his free time outdoors, as he enjoys traveling, hiking, and golfing. Zachary has worked in the Finance field for over 10 years and received his Bachelor of Science in Finance from Florida State University in 2011. THE TEAM EXTENDED SUPPORT FOR VILLASOL CDD TEAM MEMBERS William (Bill) Rizzetta Bill Rizzetta is the founder and President of Rizzetta & Company and has been responsible for the overall operation of the firm for over 35 years. In that time, he participated in the establishment and management of over 150 Community Developments Districts in Florida which issued over $3 billion in bonds in over 250 separate transactions and managed over 170 Homeowners Associations. He received his B.S. from the U.S.F. College of Engineering and his M.B.A. from U.S.F. School of Business. He has been qualified as an expert witness and provided testimony in: bond validation hearings in circuit court; administrative hearings conducted by the State of Florida, local public hearings required for establishment of CDD’s and the levy of special assessments and litigation regarding impact fee assessments. He built Rizzetta on emphasizing the importance of giving back to the community and financially supports a variety of organizations including The Spring, Joshua House, Meals on Wheels, Athletes & Causes, Tampa Bay Heros and the Shriners. He previously served on the Board of Directors of the Tampa Lighthouse for the Blind and currently serves on the Board of Directors of the Jason Ackerman Foundation. Shawn Wildermuth Shawn Wildermuth, our long-time Chief Financial Officer, is responsible for all financial aspects of the Rizzetta companies as well as oversees the financial reporting for our clients, including special taxing districts and community associations. Mr. Wildermuth has over 35 years of finance and accounting experience with both public and private companies. He started his career in public accounting with Arthur Andersen in Chicago. During his career, he has gained experience in various industries, including real estate development, Professional Employer Organizations, direct marketing, and manufacturing. Prior to joining Rizzetta & Company, he held positions as Chief Financial Officer, Controller, Director of Treasury & Budget, and Director of Finance. His responsibilities included financial reporting, accounting, finance, treasury, payroll, human resources, and computer consulting. Mr. Wildermuth received his bachelor’s degree in Accountancy from the University of Illinois at Champaign-Urbana. He is a Registered Certified Public Accountant in the State of Illinois and a member of the American Institute of Certified Public Accountants. 22 Rizzetta & Company | Professionals in Community Management THE TEAM Taylor Nielsen is our Manager of Business Development for Rizzetta & Company and is responsible for development and execution of strategic initiatives aimed at growth and expansion. Prior to this role, Taylor served as a District Manager for accounts in the Hillsborough, Manatee and Pasco Counties. Before joining the team at Rizzetta & Company, Taylor came from a background of Operations and Brand Management; with over 7 years of experience. During this time, Taylor was working in the tourism hotspot, Orlando, FL among top level management overseeing the largest rental car operation in the world, generating over 100 million in revenues per year. Taylor received his B.A. from the University of Central Florida, is a licensed Community Association Manager, and licensed Real Estate Sales Associate in Florida. Taylor Nielsen Luciano Mastrionni is Rizzetta & Company’s Vice President of Corporate Services. Lucianno oversees and supports the company’s strategic planning processes, development, operations leadership, talent expansion and retention, oversight, and growth. Lucianno also oversees the leadership team of the Community Services Division, comprised of the Amenity Services, Landscaping Inspection Services and Aquatics Services. Additionally, he oversees Rizzetta’s Business Development, Marketing, Information Technology, and Human Resources Management teams. In these capacities, Lucianno oversees functions, focusing on planning, development, and delivery of all programs, and services. Before joining our team, Lucianno served in hotel general management and asset management for hotel ownership companies including Hilton, Marriott, and IHG hotels, and worked in guest service operations management for The Walt Disney Company for over a decade. Most recently Lucianno served in corporate Hotel Management, overseeing new hotel builds, and Task Force General Management oversight, recovering distressed properties for an array of major hotel ownership companies across the United States. Lucianno holds his Bachelor of Science in Aeronautics from Embry Riddle Aeronautical University and maintains his Commercial Pilots License with numerous ratings and certifications. Lucianno Mastrionni OTHER SERVICES FOR YOUR CONVENIENCE WHAT WE DO ASSOCIATION SERVICES Rizzetta & Company provides services in association management along with a complete range of accounting and financial reporting services to each of the Associations we manage. These services include financial statement preparation, coordination of budgets, billing and collecting dues, accounts payable processing, compliance with state required filings, compliance with Association covenants and ongoing analysis and reporting of the Association’s finances throughout the year. A summary of these services is shown below: • Accounts Payable: Disburse payables as approved by the Association’s board. • Assessment Collection: Prepare invoices for annual association assessments, dues, fines, or other amounts due to the Association. Track collections and follow up with delinquent notices as needed. • Architectural Control: Approve all exterior renovations, additions, or other modifications subject to architectural review. • Audits: Provide all supporting schedules and accurate accounting records to ensure the efficient and timely completion of the audits or reviews performed annually. • Bank Accounts: Maintain association bank accounts. • Budgeting: Coordinate the preparation of the Association’s annual maintenance budget as well as monitor disbursements and expense payments. • Community Inspections: Perform regular inspections of properties to ensure compliance with deed restrictions. Prepare and send violation notices, as necessary. • Compliance: Ensure the Association is compliant with governing documents and the Florida Statutes. • Emergency Services: Coordinate emergency and after-hours services as necessary to minimize the disruption of normal Association activities. • Financial Statements: Prepare monthly and annual financial statements. • Meeting Planning: Prepare agendas, meeting materials and all other documents necessary for presentation at regular or special meetings. • Owner Information: Maintain detailed owner information to ensure up-to-date owner information for each property for purposes of billing, violation notices or any other general correspondence. • Records Maintenance: Maintain Association records and files and perform all other administrative functions necessary for efficient Association management. • Tax Preparation: Coordinate the preparation and filing of federal income tax returns. • Title Company Correspondence: Provide amounts of outstanding dues, assessments or liens and provide estoppel information to title companies for individual lot closings. WHAT WE DO AMENITY SERVICES Amenity Services focuses on providing all the amenity staffing needs for a community through dedicated onsite staff designed to handle the day-to-day operational needs of any community so it may thrive at the highest level. A summary of these services is shown below: • Pre-Opening Services: Pre-opening services consist of getting an amenity center ready, from concept to reality. Our dedicated group of professionals will handle everything needed to ensure a successful Grand Opening. • Onsite & Personnel Management: Onsite management services include development of operating procedures and general community maintenance to maintain and improve efficiency. Personnel management services included the selection, supervision, evaluation, and ongoing training of staff. • Recreation Management: Recreation management services provide management and oversight of all recreational assets including managing facility rental spaces. • Accountability & Communication: Onsite staff will complete weekly or monthly reports regarding facility operations and accomplishments. • Community Newsletters: Create informative community emails that are designed to promote activities and provide residents with important community updates. • Lifestyle & Events: Plan and promote events to bring the community together to create memories by providing a variety of innovative programs, activities, and events for residents of all ages. Lifestyle activities for social, educational, instructional, wellness, and recreational programs can be customized for each community to maximize participation and enjoyment. • Owner Information: Maintain detailed records to ensure up-to-date resident information for community amenity access purposes. • Maintenance Services: Complete work orders, preventative maintenance procedures, and facility inspections to ensure all is in good working order. Provide client with proposals for various projects. • Facility Appearance: Ensure all buildings, grounds, and amenities are kept in pristine condition to create a safe and welcoming environment for all residents. WHAT WE DO LANDSCAPE INSPECTION SERVICES We offer an extensive menu of professional field services for both Community Development Districts and Community Associations. Our field services management team is Green Industries Best Management Practices (GIBMP) certified in the state of Florida. A summary of these services is shown below: • Landscape Maintenance Inspections: Perform grounds inspections, provide the Client with inspection report, notify maintenance contractor about deficiencies in service and obtain proposals for various landscape projects. • Landscape Turnover Inspections: Attend landscape turnover meeting and participate in the inspection on behalf of the Client. Follow up report provided. • Landscape and Irrigation Specification Development: Develop a customized set of standards and specifications based on the Client’s needs and budget. Conduct the bidding process, review and prepare a bid tabulation document for the Client. Assist the Client with reviewing the bid tabulation and other pertinent information. • Landscape Design: Landscape designer on staff available for landscape design, landscape enhancements and landscape design consultation in the communities and amenity facilities. • Master Task Project Plan for Mature Communities: Develop a project plan specific to landscape replacement and enhancement for the common grounds and the amenity facility. Emphasis is on maturing landscape in the community and budgeting accordingly. • Community Asset Management Plan: Perform a complete inventory of the Client’s assets and provide an inventory report. WHAT WE DO AQUATIC INSPECTION SERVICES Our Aquatics Inspection division provides a layered testing and quality control systems, using the latest and most comprehensive industry standards. Each of our Aquatic Inspection Specialists is a certified Aquatic Weed Spray Technician in the state of Florida. Our team is committed to elevating the waterways in your community with detailed inspections, formal reporting, enhancement planning, and effective vendor communication strategies. A summary of these services is shown below: • Community Asset Management Plan: Perform a complete inventory of the community aquatic assets and provide an inventory report to the board • Community Education: Present teaching events to provide the latest research and developments in Aquatic Sciences and provide a knowledge base for the residents. • Aquatics Maintenance Inspections: Perform visual waterway and body of water inspections, provide the board with an inspection report, notify maintenance contractor of deficiencies in service, and obtain proposals for aquatic projects. • Pond and Waterway Turnover Inspections: Attend property turnover meetings that include waterways and participate in the inspection on behalf of the board. Provide a follow-up report regarding the turnover inspection. • Aquatics Specification Development: Develop a request for proposal (RFP) document to include a customized set of standards and specifications based on the community needs and budget. Conduct the bidding process, review, and prepare a bid tabulation document for the board. Assist the board with reviewing the bid tabulation and other pertinent information. • Master Task Project Plan for Mature Communities: Develop a project plan specific to long-term enhancements and maintenance for the community’s waterways and bodies of water. Emphasis is on long-term health and efficiency of the waterflow systems in the community and efficient budgeting. OUR SUCCESS CUSTOMER SATISFACTION - Michael LeBoeuf WE EXCEED EXPECTATIONS The single most important factor in being successful is customer satisfaction. We understand that VillaSol CDD has certain unique characteristics. While all have similarities, our success comes from our ability to understand the nuances of each client and adapt our services, as necessary. This approach generates the basis for long-term partnerships with clients we have represented for nearly twenty years. Our service is client-centric while ensuring the district is compliant with state statutes and fulfilling bond-holder obligations. Rizzetta & Company | Professionals in Community Management 29 TESTIMONIALS SAY ABOUT US... WHAT OUR CLIENTS “Rizzetta & Company is currently managing three Districts that they helped us create in the Jacksonville area. I don’t know of another management firm that has the continuity and stability of Rizzetta. I have dealt with Bill Rizzetta and Melissa Dobbins and I still do today. Professionalism and customer service have always been a hallmark of their organization.” Bob Porter, Senior VP Land, D. R. Horton, Inc., Jacksonville “Rizzetta & Company has recently become the management for our Community Development District. Their positive impact within the community has been immediate. The responsiveness to issues and the professional manner in which they have been addressed has proven to be incomparable to previous management. We look forward to a relationship of many years with Rizzetta & Company.” Susie White, Chairperson, The Harbourage at Braden River Community Development District “Rizzetta’s staff have been amazing to work with, their depth of knowledge in the CDD world made a very difficult process almost painless. The Rizzetta team’s depth of experience in managing CDDs proved invaluable throughout the process. Every question or situation we presented was met with prior examples and knowledgeable guidance.” Andy Smith, Regional Development Manager at Freehold Companies “ “ ” THE INDUSTRY OUR COMMITMENT TO THE INDUSTRY As a leader in District Management, we have a responsibility to be aware of industryrelated developments and then sharing that knowledge with our clients and peers. We encourage continuing education for all staff and provide the resources needed to attend classes and conferences. Currently, Rizzetta holds memberships in the following professional organizations: • Association of Florida Community Developers • CFO Exchange Group • Community Associations Institute • Florida Association of Special District • The Northeast Florida Builders Association • Urban Land Institute • Florida Government Finance Officers Association • Florida Nursery, Growers & Landscape Association GIVING BACK TO THE COMMUNITY Rizzetta believes we have a responsibility to give back to the communities in which we operate. We have found the personal rewards of helping far exceeds any investments made. SAFETY FIRST COMPANY INSURANCE SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. INSURER(S) AFFORDING COVERAGE INSURER F : INSURER E : INSURER D : INSURER C : INSURER B : INSURER A : NAIC # NAME: CONTACT (A/C, No): FAX E-MAIL ADDRESS: PRODUCER (A/C, No, Ext): PHONE INSURED COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. 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CERTIFICATE HOLDER The ACORD name and logo are registered marks of ACORD HIRED AUTOS ONLY 1,000,000 1,000,000 750781344 750781344 3434 Colwell Ave., Suite 200 0 For Information Purposes Only 1,000,000 05/01/25 X 05/01/25 X Crime scardoso@mewilson.com 300,000 20281 20702 24147 1,000,000 25496 Professional Liability 5,000,000 X 1-813-229-8021 X X 60 days notice of cancellation applies except non-payment of premium 10 days notice per policy terms & conditions. 05/01/25 11/28/23 05/01/24 X 05/01/25 Rizzetta & Company, Inc. CSX0009340Q00 MWC3166244 05/01/24 X 813-434-2064 1,000,000 05/01/25 SC01 05/01/24 2,000,000 X Ste 200 , 300 W. Platt St. Excluded StarStone National Insurance Company OLD REPUBLIC INS CO ACE FIRE UNDERWRITERS INS CO 2,000,000 FEDERAL INS CO 1,000,000 D C 05/01/24 MWTB31662624 05/01/24 Tampa, FL 33614 USA Y Sharon Cardoso A B 813-229-8021 A Aggregate MWZY31662524 A 1,000,000 X 05/01/2024 82229260 X G74313577001 X 5,000,000 1,000,000 Tampa, FL 33606 USA 05/01/25 Third Party M. E. Wilson Company, LLC X HOW WE WORK LANDSCAPE INSPECTION SERVICES PROPOSAL Rizzetta & Company | Professionals in Community Management 33 One of the largest expenses in any planned community is landscape maintenance. Why not have a professional, experienced landscape manager ensuring it is thriving and beautifully framing the community as it was intended to be? Our Landscape Inspection Services team includes a Landscape Designer, a former commercial landscape maintenance company account manager, and two prior owners of multi-dimensional landscape service firms. Rizzetta & Company’s Landscape Inspection Services team has a combined total of more than 100 years serving Florida community landscapes! Each of our Landscape Specialists is Best Management Practices (BMP) certified in the state of Florida. Our team is committed to elevating the landscape maintenance in your community with detailed inspections, formal reporting, landscape planning, and effective vendor management strategies. The first thing noticed in any community is its landscaping. It can convey a “Wow” factor to visitors, set a welcoming tone for residents, and help to increase home values within the community. Rizzetta & Company Landscape Inspection Services team provides the expertise needed for a well-planned, well-maintained community landscape now and for the future. THE SERVICE SERVICES LANDSCAPE INSPECTION HOW WE DO IT THE PROCESS Community Asset Management Plan: Upon request and following fee agreement, perform a complete inventory of the community landscape assets and provide an inventory report to the board. Landscape Design: Landscape designer on staff available for landscape consultation, enhancements, and design upon request and following fee agreement. Landscape & Irrigation Development: Upon request and following fee agreement, develop a request for proposal (RFP) document to include a customized set of standards and specifications based on the community needs and budget. We will conduct the bidding process, review, and prepare bid tabulation documents for the board and assist the board with reviewing the bid tabulation and other pertinent information. Landscape Maintenance Inspections: Perform grounds inspections, provide the board with an inspection report, notify maintenance contractor of deficiencies in service, and obtain proposals for landscape projects. Landscape Turnover Inspections: Attend landscape turnover meeting and participate in the inspection on behalf of the board. Follow up report provided. Master Task Project Plan for Mature Communities: Upon request and following fee agreement, develop a project plan specific to landscape replacement and enhancement for the common areas. Emphasis is on maturing landscape in the community and budgeting accordingly. THE SERVICE SCOPE OF SERVICES Rizzetta & Company is pleased to provide this proposal for professional Landscape Inspection Services. These services will be provided on a recurring basis, with a detailed description provided below. LANDSCAPE INSPECTION SERVICES: • Perform one (1) monthly landscape maintenance inspection to ensure oversight of onsite landscape maintenance contractors and compliance with the District’s landscape and irrigation maintenance contracts. • Provide the District with one (1) monthly landscape inspection report, which shall be included in the District’s agenda package and may contain, among other things, recommended action items. • Upon request of the District, attend up to three (3) District meetings in person, three (3) District meetings electronically, per fiscal year, to review landscape maintenance inspection report or discuss other landscape-related issues. • Notify landscape maintenance contractors of deficiencies in service or the need for additional care. • Monitor the progress of landscape maintenance contractors in accordance with scope of work provided in maintenance contracts with the District. • Upon request, provide input, for preparation of the District’s annual budget. • Upon request and following fee agreement, prepare and develop a scope of services for landscape & irrigation maintenance proposals and oversee entire bidding process. • Obtain additional competitive landscape maintenance proposals for incidental work as requested by the District and provide them to the District Manager. THE SERVICE PROPOSED PRICING Based on the Scope of Services, Rizzetta & Company proposes the following Landscape Inspection Services fee: . OPTION 1: Scope of Services as presented (service fee will be billed monthly): • $750/mt. - $9,000/yr. . OPTION 2: Scope of Services as amended (service fee will be billed bi-monthly): • Perform one (1) bi-monthly (every other month) landscape maintenance inspection to ensure oversight of onsite landscape maintenance contractors and compliance with the District’s landscape maintenance and irrigation contracts. • Provide the District with one (1) bi-monthly (every other month) landscape maintenance inspection report which shall be provided in the District’s agenda package and include, among other things, recommended action items. • Attend three (3) District meetings in person, per fiscal year, to review Landscape Inspection Report and/or to discuss other landscape-related items. • $850 bi-monthly - $5100/yr. Submitted By: ____________________________ Lucianno Mastrionni Vice President, Corporate Services Rizzetta & Company Date: __________________________ Accepted By: ___________________________________ Print: _________________________________ For: Villasol Community Development District Date: __________________________ Exhibit B: Costs & Miscellaneous Fees Management, Administrative, and Accounting Services • Annual Fee paid in equal monthly payments $ _________ (plus reimbursables) • Contemplates 12 Meetings per year, additional meetings or meetings exceeding 4-hour duration to be paid at separate fee listed below • Additional Board Meetings (each beyond 12) $ ________ • Extended Board Meetings (beyond 4 hours) $ ________ • Reimbursables for Office Supplies $ ________ • Amenity access administration $ ________ Annual Assessment Administration $ ________ (Beginning with the first assessment to individual unit owners, direct assessment or utilizing tax collector) Information Technology Fees & Annual Website Maintenance • Annual Fee paid in equal monthly payments $ ________ Dissemination Agent Services • Annual Fee for 1st Bond Issuance $ ________ • ($_________ for each additional series of Bonds) Other Services* • Bond Issuance Cost (per bond issue) $ ________ • Assessment Methodology Preparation $ ________ • SERC Preparation & Assistance w/ Petition $ ________ • Estoppel Letters (per lot/unit) $ ________ Field Management • Weekly Site Visits from Field Manager • Provide services listed in RFP. $ ________ Please provide separate fees for Field Management Services. This may be an optional service. Please quote the following miscellaneous supplies that are to be billed monthly as an invoice: Note: Expand this list to include all supplies required to support your Manager Services. Item Cost ($) 1 Agenda package 2 Tapes/CDs/USBs 3 Binders 4 # 10 envelope 5 9 x 12 envelope 6 10 x 13 envelope 7 Storage box 8 Copy 9 USPS 10 Fed Ex 11 Conference calls 12 Offsite storage (archival) 15 WE BUILD PARTNERSHIPS THAT LAST CORPORATE OFFICE 3434 Colwell Avenue, Suite 200, Tampa, FL 33614 888-208-5008 | rizzetta.com Municipal Advisor Disclaimer : Rizzetta & Company, Inc., does not represent the Community Development District as a Municipal Advisor or Securities Broker nor is Rizzetta & Company, Inc., registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, Rizzetta & Company, Inc., does not provide the Community Development District with financial advisory services or offer investment advice in any form. VillaSol Community Development District Unaudited Financial Reporting December 31, 2024 A picture containing text Description automatically generated 1 2-4 56 7-8 9 10 Assessment Receipt Schedule Month to Month Long Term Debt Report Table of Contents Balance Sheet General Fund Debt Service Fund Series 2018 Capital Reserve Fund General Capital Reserve Debt Service Totals Fund Fund Fund Governmental Funds DDCMMIDAnauuseooOvSsspeenneehpe oRRRsreeFF:etsiteeeyyrrsermioosvs :tasMMseeemmte 2rrinaannvv 0rurODtgee1kksete :ee8AAAh bAttec--t -12--cr 1S oSReuuernrsvpeticlruevses $ 83 134 0084 ,,,, 8980 9197 3294 ----- $ 1 9 6 , 5 - 8 ------- $ 11 8721 7677 ,,,, 2559 - 7543 3768 ---- $ 83111 31847219 007867764,,,,,,,,,982855950199754537233976884 Total Assets $ 1 ,194,778 $ 196,558 $ 409,312 $ 1 ,800,648 Liabilities: CDAlcuucebo thuoon Dutsse ePb aRt ySeaenbrtvaleilc Seecurity Deposits $ 1 73 64 ,, 553054075 $ - -- $ - -- $ 1 3 7 46 ,, 535045057 Total Liabilites $ 211,402 $ - $ - $ 211,402 RANUFuesnoDCDssnnaaiteessdgrpbpspin icitoBeteg tasSnaednilelddt eRafrsa odvfneboriscc:lre eee:r::ves $ 9 7 49 ,, 03 70 42 -- $ 1 9 6 , 5 - 8 -- $ 4 0 9 , 3 - 1 2 -- $ 419 097 4969,,,,035371504282 Total Fund Balances $ 983,376 $ 196,558 $ 409,312 $ 1 ,589,247 Total Liabilities & Fund Balance $ 1 ,194,778 $ 196,558 $ 409,312 $ 1 ,800,648 VillaSol Community Development District Combined Balance Sheet December 31, 2024 Page 1 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending December 31, 2024 Adopted Budget PTrhorrua t1e2d/ B3u1d/2ge4t ThruA 1c2tu/a3l1/24 Variance Revenues: SIRAnpoctecoeecmriseas slR tCAe Iasnnrstcdeaosslmssmeents - Tax Roll $ 7 16 5454,,,,030000000700 $ 6 4 1311,,,,472045505000 $ 6 4 131 ,,, 480344455839 $ (( 26 - 904871)) Total Revenues $ 7 88,307 $ 6 47,445 $ 6 46,695 $ (750) Expenditures: General & Administrative: OPSODEPAPLAIADITWPCAPMnnuerRroornrtsnrftuiasfesftoiohugbpssmg-noenionusbeppFaetcsieisrutertraanmsestlreIer,mirn aame ggCis n evArrLaCtSunleemeeAtteaige gidiuusAyyyn c mcnrt F&eveo&Mpre i eiiuaTAeo ncrener pRn dtGDaeeaanBp rngtilFseiisnt teoixe pittAeneTeiibn enntlsorFssteida esdiea vCen esnAt&mcirienh eenhsg-ga raias eSgnelnTynr runLoiegcbsiltleeoatessrbgcparyihtliiioptoyntnieons $ 33215 19551125111611 ,,,,,,,,,,,,,, 500510605020081088264400007080009000000000050000509000100000000000 $ 21 3882522 ,,,,,,, 12107272322024398 257053597520055046 505000015050000013 ---- $ 21 1466522 ,,,,,,, 23141118243089 3870003825550064 53530705957000031 ----- $ ( 1431 ( ,,,, 2 2 1668319 51420594422 857200803550 ----------)) Total General & Administrative $ 1 86,805 $ 66,224 $ 61,313 $ 4,910 VillaSol Page 2 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending December 31, 2024 Adopted Budget PTrhorrua t1e2d/ B3u1d/2ge4t ThruA 1c2tu/a3l1/24 Variance VillaSol Operations & Maintenance Field Expenditures FLGECWCBCGGPRRRiaooarlaaae&&&eeaonptnnrtnlMMMctee pdditteCett rrer sAMraroMPSRaairac lccdi&ccitao algapcOiy tteipatR nen neS yus--dTeseaa ettLLI ssaepgglCwn aaaxneea&olknyeeemain rerdstAnst esaMlci lncn&neeaatg d ypMie wnSenatt aceirynynustacetnnucarenece $ 1 21262602 1580832500010 ,,,,,,,,,,,,, 00505100005000 00000000004000 00000000000000 - $ 11 5375255 ,,,,,,, 27107100 55207200 00505500 ------- $ 1 5156242 ,,,,,,, 260383183 560566285 050421751 ------ $ 1 ( 1302 ,,,, 632416 696114 ( 5634259 --------)) Subtotal Field Expenditures $ 3 44,640 $ 54,025 $ 38,856 $ 15,169 Parks and Recreation Expenditures CPCEAWISACPAHCneoooorolmmcoetaoccnonnnelctueeeiplttttretd nnrsrrriarCnrnaiaaasiiin thettcyg &cccyCeyytei ttte tL o emSSSnMy---idn e eugcRPFiar twychpMooervnatpoufeoiaialuclln rnlgii&e senMgtees astCm ae iSonineennsanrt tvnetricnocelaelnerce $ 21116 2202352480775 ,,,,,,,,,,,,, 005412300052500005250000000000000000000000 $ 1 53231152111 ,,,,,,,,,,, 506173500018820021817000207500530350005050 $ 725118214 ,,,,,,,,, 9816734933611 1596713315319 2009735326989 - $ (( ( 221612 ((( ,,,,,, 4157 425103179 1568406865654 2050325786179 -)))))) Subtotal Parks and Recreation Expenditures $ 1 59,820 $ 39,955 $ 37,702 $ 2,253 Total Expenditures $ 6 91,265 $ 1 60,204 $ 1 37,872 $ 22,332 Excess (Deficiency) of Revenues over Expenditures $ 97,043 $ 487,241 $ 508,823 $ 2 1,582 Page 3 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending December 31, 2024 Adopted Budget PTrhorrua t1e2d/ B3u1d/2ge4t ThruA 1c2tu/a3l1/24 Variance VillaSol Other Financing Sources/(Uses): Transfer In/(Out) Capital Reserve Funding $ (98,118) $ - - $ - Total Other Financing Sources/(Uses) $ (98,118) $ - $ - $ - Net Change in Fund Balance $ (1,076) $ 4 87,241 $ 5 08,823 $ 21,582 Fund Balance - Beginning $ 1,076 $ 474,553 Fund Balance - Ending $ - $ 983,376 Page 4 VillaSol Community Development District Capital Reserve Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending December 31, 2024 Adopted Budget PTrhorrua t1e2d/ B3u1d/2ge4t ThruA 1c2tu/a3l1/24 Variance Revenues Interest $ 25,000 $ 6,250 $ 2,121 $ ( 4,129) Total Revenues $ 25,000 $ 6,250 $ 2,121 $ (4,129) Expenditures: BCaapnikt aClh Oaurtgleasy $ 5 0 - $ 1 2 5 - $ 1 0 - $ 1 5 - Total Expenditures $ 500 $ 125 $ 110 $ 15 Excess (Deficiency) of Revenues over Expenditures $ 24,500 $ 6,125 $ 2,011 $ (4,114) Other Financing Sources/(Uses) Transfer In/(Out) $ 98,118 $ - $ - $ - Total Other Financing Sources (Uses) $ 98,118 $ - $ - $ - Net Change in Fund Balance $ 1 22,618 $ 6,125 $ 2,011 $ (4,114) Fund Balance - Beginning $ 171,094 $ 194,547 Fund Balance - Ending $ 293,712 $ 196,558 Page 5 VillaSol Community Development District Debt Service Fund Series Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending December 31, 2024 Adopted Prorated Budget Thru 12/ B3u1d/g2e4t ThArcut u1a2l/ T3h1r/u24 Variance Revenues: SInpteecrieasl tA Isnsceosmsmeents - Tax Roll $ 2 0 87,,208040 $ 1 7 41,,870520 $ 1 7 42,,840626 $ 7 1 6 - Total Revenues $ 2 15,284 $ 176,552 $ 1 77,268 $ 716 Expenditures: Series 2018 A-1 IIPnnrttieenrrceeipsstta l-- -51 5/1/11 $ 1 222225,,,660220990 $ 2 , 6 2 9 -- $ 2 , 6 2 9 -- $ --- Series 2018 A-2 IIPnnrttieenrrceeipsstta l-- -15 51//1/11 2 660,,,440550660 6 , 4 5 6 -- 6 , 4 5 6 -- --- Total Expenditures $ 2 03,171 $ 29,086 $ 29,086 $ - Excess (Deficiency) of Revenues over Expenditures $ 12,112 $ 1 47,466 $ 148,183 $ 716 Net Change in Fund Balance $ 12,112 $ 147,466 $ 1 48,183 $ 716 Fund Balance - Beginning $ 152,180 $ 261,130 Fund Balance - Ending $ 164,292 $ 409,312 Page 6 VillaSol Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Revenues: Special ARIncotcoeemrses sR tCAe Iansnrstcdeaosslmssmeents - Tax Roll $ 1 , 254 -142934 $ 7 19 ,, 220 45190021 $ 5 6 12 ,, 122305150024 $ - --- $ - --- $ - --- $ - --- $ - --- $ - --- $ - --- $ - --- $ - --- $ 6 4 131 ,,, 308454449385 Total Revenues $ 2,186 $ 80,593 $ 563,916 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 646,695 Expenditures: General & Administrative: Supervisor Fees 800 $ - $ 600 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,400 $ PR-FICA 61 - 46 - - - - - - - - - 107 Engineering 1,100 500 2,500 - - - - - - - - - 4,100 Attorney 5,799 1,026 - - - - - - - - - 6,825 Annual Audit - - - - - - - - - - - - - Assessment Administration 5,000 - - - - - - - - - - - 5,000 Arbitrage Rebate - - - - - - - - - - - - - Dissemination Agent 83 83 83 - - - - - - - - - 250 Trustee Fees 2,941 - - - - - - - - - - - 2,941 Management Fees 4,288 4,288 4,288 - - - - - - - - - 12,863 Property Appraiser - - - - - - - - - - - - - Information Technology 150 150 150 - - - - - - - - - 450 Website Maintenance 100 100 100 - - - - - - - - - 300 Communication - Telephone - - - - - - - - - - - - - Postage & Delivery 15 3 39 - - - - - - - - - 57 Insurance General Liability 26,189 - - - - - - - - - - - 26,189 Printing & Binding 6 30 - - - - - - - - - - 35 Legal Advertising - - 235 - - - - - - - - - 235 Other Current Charges 129 108 147 - - - - - - - - - 383 Office Supplies 0 3 0 - - - - - - - - - 3 Dues, Licenses & Subscriptions 175 - - - - - - - - - - - 175 Property Taxes - - - - - - - - - - - - - Total General & Administrative 46,835 $ 6,290 $ 8,189 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 61,313 $ Month to Month Page 7 VillaSol Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Month to Month Operations & Maintenance Field Expenditures LRCWRCEGRBGFPGCaioalroaaae&&&eeaonpntrtnnMMMlctee pdditetCett rrer sAMraroPSRMaairca lccid&iccoat algapOciy tteipatR nen enS yus--deTsaea ettILL ssaegpgClnw aaaxne&eaolnkyeeemain rerdtAsnst esalMic lnnc&neeaatg dy pMiew nSenatt aceirynynustcaetnnucarenece $ 521 ,,, 1 01 2 57737 602658510 401252059 ------ $ 521 ,,, 0 1 3 52757 02059520 00050069 ------- $ 52114 ,,,,, 1 0 1 3 57207 802055740 900050949 ------ $ - -------------- $ - -------------- $ - -------------- $ - -------------- $ - -------------- $ - -------------- $ - -------------- $ - -------------- $ - -------------- 1 5615242 ,,,,,,, 0 3 8 623813 066655825 012501574 ------ Subtotal Field Expenditures $ 11,660 $ 11,251 $ 15,946 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 38,856 Parks and Recreation Expenditures IWSEACCHPPCACAneloorooomcmoetacocnnonnlectueeieplttttretd nnrsrirrarCnrnaiasaaiiin thectytg &cccyCeyytie tettt L o emSSnSyM---ind e eugcRFPiar twyhcpMooervnatpouefoiialaucln lrnlgi&ie sengMtees astCm a eiSonineennsanrt tvnetriconcelaelenrce $ 222 ,,, 12 354 2 44887 479636277558 572986309405 -- $ 23141 ,,,,, 212 543 32207 045538905508 805083604406 -- $ 3111 ,,,, 312 5451 588027 1455351220008 2050808000045 - $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ - ------------- $ 115182427 ,,,,,,,,, 7631 1 69831349 7611933519531 7938093029652 - Subtotal Parks and Recreation Expenditure $ 11,548 $ 14,663 $ 11,491 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 37,702 Total Expenditures $ 70,043 $ 32,203 $ 35,626 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 137,872 Excess (Deficiency) of Revenues over Expen$ (67,857) $ 48,390 $ 528,290 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 508,823 Other Financing Sources/Uses: Transfer In/(Out) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Other Financing Sources/Uses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Net Change in Fund Balance $ (67,857) $ 48,390 $ 528,290 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 508,823 Page 8 VillaSol Community Development District Long Term Debt Report Interest Rate: Maturity Date: 5/1/2034 Reserve Fund Definition 50% of Maximum Annual Debt Service Reserve Fund Requirement $87,273 Reserve Fund Balance $87,273 Bonds Outstanding - 2/1/2018 $2,145,000 Less: Principal Payment - 5/1/19 ($110,000) Less: Principal Payment - 5/1/20 ($110,000) Less: Principal Payment - 5/1/21 ($115,000) Less: Principal Payment - 5/1/22 ($115,000) Special Call - 11/1/22 ($5,000) Less: Principal Payment - 5/1/23 ($120,000) Less: Principal Payment - 5/1/24 ($120,000) Current Bonds Outstanding $1,450,000 Interest Rate: 4.625%, 5.000% Maturity Date: 5/1/2034 Reserve Fund Definition 50% of Maximum Annual Debt Service Reserve Fund Requirement $17,938 Reserve Fund Balance $17,938 Bonds Outstanding - 2/1/2018 $370,000 Less: Principal Payment - 5/1/19 ($15,000) Less: Principal Payment - 5/1/20 ($15,000) Less: Principal Payment - 5/1/21 ($15,000) Less: Principal Payment - 5/1/22 ($20,000) Less: Principal Payment - 5/1/23 ($20,000) Less: Principal Payment - 5/1/24 ($20,000) Current Bonds Outstanding $265,000 Series 2018 A-1, Special Assessment Revenue Refunding Bonds 2.000%, 2.125%, 2.250%, 2.400%, 2,500%, 2.625%, 2.875%, 3.000%, 3.250%, 3.4000% Series 2018 A-2, Special Assessment Revenue Refunding Bonds Page 9 GNroest sA Asssesesssmsmeenntsts $$ 87 1634,,039037..3799 $$ 22 2018,,527883..4765 $$ 1 , 09 3742,,657911..8554 allocation in % 78.58% 21.42% 100.00% Date Gross Amount Discoumt/ (Penalty) Commission Interest Net Receipts O&M Portion 2018 Debt Service Total 11112211////11210928////22224444 $ 7 23917315,,,,134639593892....38736979 $ 2 93 ,, 936783599585....79414430 $ 1 41 ,, 507228592167....82096725 $ ---- $ 6 28815694,,,,609524890519....73636284 $ 5 2 6410721,,,,162431173892....94789384 $ 1 14 5873 ,,,,447182626616....78957900 $ 6 28815694,,,,609524890519....73636284 TOTAL $ 8 67,684.41 $ 34,779.21 $ 16,658.10 $ - $ 8 16,247.10 $ 6 41,445.04 $ 1 74,802.06 $ 8 16,247.10 83.86% Percent Collected $ 166,987.44 Balance Remaining to Collect VillaSol COMMUNITY DEVELOPMENT DISTRICT Special Assessment Receipts - Osceola County Fiscal Year 2025 ON ROLL ASSESSMENTS Page 10 Villa Sol CDD December 16-20 Monday,Wednesday, Friday . Run through of the CDD areas removal of trash . Pressure wash gate entrances . Pressure wash gate house . Pressure wash entrances and curbs December 23-27 Monday, Wednesday, Friday . Removal of trash around property . Removal of leafs with blower on tennis courts and basketball courts . Removal of trash inside clubhouse . Pressure wash club house sidewalks December 30- Jan 3 Monday, Wednesday, Friday . Cleaning of drains around property . Removal or trash around property . Continuation of pressure wash around clubhouse . Beginning of pressure wash pool pavers, white post and railing around pool January 6-10 Monday, Wednesday, Friday . Removal or trash around property . Gravel patching entrance of property and other spots needed . Cleaning of basketball and tennis courts . Pressure washing of pool area . Repairment of clubhouse roof sheets January 13-17 Monday, Wednesday, Friday . Removal of trash around property . Cleaning of club area . Cleaning of basketball courts and tennis courts . Pressure washing of pool are