Coral Bay Community Development District

www.coralbaycdd.com

John Hall, Chairman Tony Spavento, Vice Chairman
Tina Hagen, Treasurer
George Mizusawa, Assistant Secretary Ronald Gallucci, Assistant Secretary

April 9, 2026

Seat 4: John Hall – (C.)		
Seat 2: Tony Spavento – (V. C.)		
Seat 1: Tina Hagen – (Treasurer)		
Seat 5: George Mizusawa – (A.S.)		
Seat 3: Ronald Gallucci – (A.S.)		

Coral Bay Community Development District
Agenda
Thursday	Coral Bay Recreation Center
April 9, 2026	3101 South Bay Drive, Margate, FL 33063
7:00p.m.	https://us02web.zoom.us/j/89617331237 1-305-224-1968 or 1-646-931-3860
Meeting ID: 896 1733 1237

Roll Call and Pledge of Allegiance
Presentations/Reports
Audience Comments / Supervisors Comments
Discussion of Proposed Redevelopment Near District and First Amendment to Declaration of Restrictive Covenants – Page 4
Discussion of:
2026-2027 Holiday Lighting Estimate - JM Holiday Lighting, Inc. – Page 22

Loan for District's Major Projects

Ratification of:
Interlocal Agreement for Uniform Collection Non-Ad Valorem Special Assessments – Page 29

First Amendment to Small Project Agreement (Sidewalk Repairs) with ABM Industries Incorporated – Page 38

Update on:
Holiday Lighting Agreement matter

Envera Invoice Matter

Status of Loan from Regions

Staff Reports
Attorney

Engineer

Treasurer
Approval of Check Run Summary and Invoices – Page 43

Approval of Unaudited Financials – Page 48

Field Manager – Monthly Report – Page 61

CDD Manager – Approval of the Minutes of the March 12, 2026 Meeting – Page 72

Old Business

New Business

Adjournment

If any person decides to appeal any decision made with respect to any matter considered at these meetings such person will need a record of the proceedings and such person will need to ensure that a verbatim record of the proceedings is made at his or her own expense and which records include the testimony and evidence on which the appeal is based. In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (954) 721-8681 at least seven (7) days prior to the date of the particular meeting. Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://coralbaycdd.com

February 17, 2026

CORAL BAY COMMUNITY DEVELOPMENT DISTRICT
Government Management Services, South Florida 5385 N. Nob HillRoad
Sunrise, FL 33351 Attn: Andrew Gill

RE: Former Florida Career College Shopping Center Demolition and Redevelopment near
3372 Orinoco Lane
Margate, Florida 33063
Dear Mr. Gill,

This letter is a follow-up to previous correspondence you received from Barron Real Estate, Inc., owner of the property in Margate just north of Broward Meat and Fish that was formerly occupied by Florida Career College.
This property is part of the large retail parcel located in close proximity to 3372 Orinoco Lane, which is managed by Coral Bay Community Development District.

We are writing to explain why the proposed redevelopment and the related covenant amendment would be beneficial to your property and the surrounding community.

Proposed Redevelopment Overview
Florida Career College permanently closed and vacated the property, while The Toddler Club daycare continues to operate successfully. With the college's departure, this is an ideal time to make long-term improvements to a site that has struggled for years due to poor access from State Road 7 and declining commercial viability.
The proposed redevelopment would replace the former shopping center with a 320-unit upscale apartment community, while retaining The Toddler Club within the new development. Preliminary plans and renderings are included for your reference.
Why this amendment benefits nearby homeowners
Increased Property Values: Upscale residential communities close to existing homes typically enhance surrounding property values by replacing aging or underperforming commercial uses with well-maintained, attractive development.
Reduced Traffic: Independent traffic studies confirmed that this residential use will generate substantially less traffic than a school or traditional shopping center.
Residential traffic is spread throughout the day, avoiding the intense morning and afternoon congestion caused by student drop-off and pick-up.

Permanent Elimination of Undesirable Uses Now Permitted under Current Zoning: The requested amendment would not only allow residential use, but also prohibit undesirable uses such as schools, nightclubs, liquor stores, car washes, drive thru services or similar tenants-providing long-term protection for nearby homeowners.
Beautification and Community Pride: The project will include modern architecture, professional landscaping, improved lighting, and ongoing property maintenance - eliminating blight and enhancing the overall appearance of the area.
Improved Safety and Stability: The professionally managed residential community will bring consistent occupancy, on-site management, and better security conditions than vacant or struggling commercial space.
Long-Term Stewardship: Unlike short-term commercial tenants, a Class-A apartment development represents a long-term investment in the neighborhood, ensuring the property is actively managed and maintained for decades to come.
Covenant Amendment Requirement
The property is currently subject to a 40+ year-old covenant restricting all uses to commercial. To allow residential use as a higher-quality alternative, consent from 50% of homeowners within 300 feet of the perimeter of the retail parcel is required. Your property at 3372 Orinoco Lane is included in this area.
We have received 60% of the required consents. Your approval is critical to moving the project forward.
The City of Margate has stated that the preliminary plans are consistent with its planning objectives and that the proposed residential use is appropriate for the site, subject to the formal public review process.
Invitation to Review Plans and Meet the Developer
We understand that you may have questions or wish to better understand the proposal. We would welcome the opportunity to meet with you-at any time convenient-to walk through the plans, discuss traffic, design, and operations, and address any concerns you may have. Your input is important, and signing the amendment now ensures your voice can be part of the process before final approvals.
Enclosed is a consent form with your information completed on page 8. Please sign before a notary and return it using the enclosed FedEx envelope.
Signing the amendment does not obligate you to support final site plans; it simply allows the City's formal review process to begin.

Please do not hesitate to contact me directly. Thank you for your time and consideration. Your support will help ensure this site becomes a positive, lasting asset to your property's neighborhood and the City of Margate.

Warm regards, Katherine Koch
Barron Real Estate, Inc. Representative kathy@ambitmarketing.com
(954) 815-8511

You may also contact the property owner or legal counsel with any questions: Charlie Ladd - Barron Real Estate, Inc.
(954) 627-7000
Cladd@barrondev.com
Matthew Scott-Attorney
(954) 333-4372
Matthew.Scott@gmlaw.com

ATTACHMENTS:
First Amendment to Declaration of Restrictive Covenants Color flyer with site plan and renderings
Prepaid FedEx return envelope and label

											

	

COMMUNITY NEWS FOR MARGATE RESIDENTS

A new upscale apartment community in Margate is planned for a site vacated by an abandoned school building.

Rendering of Planned Upscale Apartment Complex

The property is located just north of Broward Meat and Fish. Florida Career College, which had operated on the site and closed, generated substantial traffic. Continued use of the previous property as a school would create issues for neighboring communities with traffic flow and parking from students and faculty, especially during morning drop off and afternoon pick up. Traffic congestion from nearby Rise Academy and Renaissance Charter is already an inconvenience to residents.

After

Current photo showing site of former school, which is now closed and vacant.

Before

Rendering of planned site, which will include a new upscale apartment complex with on-site daycare
and all-new lush landscaping.

SEE REVERSE SIDE

											

	

Various uses for the property were considered with impact on the surrounding communities in mind.

Although several schools have expressed interest in locating on this site, it was determined that opening another school would be a disservice to surrounding residents.
Also, a shopping center is a significant generator ofcartraffic, muchhigherthanaverageresidential areas. In addition, developing a shopping center would compete with Coral Landings III, located next to the site.

The most appropriate and best use of the site is to build a new upscale apartment community. Apartments are associated with fewer car trips per unit compared to single family homes* and will be an attractive addition to the community.
*Source: Joint Center For Housing Studies of Harvard University

Proposed Site Plan

Two entries into the complex will allow for fluid traffic flow. The main entrance is on Bland Road, with
convenient entry available through the Broward Meat and Fish property.
The Toddler Club, offering a preschool education program, will be relocated into the complex to provide daycare to residents and surrounding neighbors.

Features
320 upscale units with surface and garage parking
Swimming pool and club area
Lush landscaping along Bland Road and around the perimeter of the development
The complex has been thoughtfully designed to incorporate green building practices to minimize environmental impact

For more information, contact: Kathy Koch | 954-815-8511 | kathy@ambitmarketing.com

This Instrument Prepared by and after recording return to:
Matthew Scott, Esq.
Greenspoon Marder LLP
200 East Broward Boulevard, Suite 1800
F011 Lauderdale, FL 33301

FIRST AMENDMENT TO DECLARATION OF RESTRICTIVE COVENANTS
3271 NSR 7, LLC ("3271") is the owner of a part of a shopping center located on the west side of State Road 441 south of Sample Road in the City of Margate and is preparing plans to redevelop it with a multifamily residential building and new daycare center. To do so, 3271 has identified the need to amend a Declaration of Restrictive Covenants which was recorded against the overall shopping center property 40 years ago. This document executed on the latest date written on the signature pages below serves as the fomrnl written amendment of the Declaration of Restrictive Covenants and will be referred to as "the Amendment."
Recitals
A prior owner of the shopping plaza prope11y named Frank Newth, Ltd. executed and recorded a Declaration of Restrictions on June 13, 1983 in Official Records Book 12606, Page 663 of the Public Records of Broward County, Florida (the "Declaration"). The Declaration restricted the use of the prope1ty. For clarification purposes, this prope11y is identified by Parcel ID Numbers 484124100011, 484124100010, 484124100060, 484124100040,484124100020,484124100030,484124090010,and484124350010andis
legally described in the Declaration and will be referred to in this amendment as "the Prope1ty;" and
3271 is the current owner of a portion of the Property. That pmtion is identified by Parcel ID Number 484124100010 and legally described in Exhibit A which is attached to this amendment and will be referred to as "the Parcel." 3271 wishes to modify the original Declaration from 1982 to change what uses are allowed and not allowed on the Parcel; and

The original Declaration states it can be amended by the current owners of the Prope11y with the consent of the City and a majority of the cmTent owners of residentially-zoned properties in the City of Margate that are within 300 feet of the Prope11y. The original Declaration refers to this 300 feet area as the "Affected Area;"
With this amendment, 3271 is obtaining the consent of the City and a majority of the owners of the Affected Land to thjs amendment, which is described below.

Amendment Terms

The original Declaration, for good and valuable consideration the receipt of which is acknowledged, is amended as follows:
Recitals. The recitals above are true and con-ect and incorporated into this Amendment.
Conflict. In the event of a conflict between the Declaration and this Amendment, this Amendment shall control.

Modification. The Declaration has been properly modified as shown by the joinder to this Amendment executed by the City, and the consent of a majority of the owners of the Affected Land as set fmih in attached Exhibit B.
Prohibited Uses. In addition to the uses prohibited by the Original Declaration, the following uses shall not be permitted on the Parcel:
Schools, with the exception of day care, pre-schools / VPK programs
Substance abuse rehabilitation facility/Detox facility
Night club
Smoke shop/Medical marijuana sales
Liquor store
Tattoo parlor
Car wash
Gun range
1.	Drive Thrn service of any type
J.	Medical use of any type, including, without limitation, hospital, free-standing ER, surge1y center, dialysis facility
Place of worship
Gas station
Convenience store.
Animal clinics, pet hospitals
0.	Vehicle dealership

Permitted Uses.	Notwithstanding anything to the contrary in the 01iginal Declaration, the following uses are permitted on all or a pottion of the Parcel:
Daycare center, pre-schools/ VPK programs
Residential.
Affects Parcel Only.	For clarification, the changes in this Amendment only affect the Parcel. The portions of the Property outside the Parcel remain subject to the requirements and restrictions of the original Declaration. The Declaration remains in full force and effect as to all other provisions which were not modified by this Amendment.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date bereinabove written.

Signed, sealed and delivered in the presence of:

3271 NSR 7, LLC, a Florida limited liability company

Signature
Printed Name: 	

By: 	 Print Name: 	 Title: 	

Witness Address

Signature
Printed Name: 	 _

Witness Address

STATE OF COUNTY OF

)
) SS:
)

I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, the foregoing instrnment was
acknowledged before me by means of □ physical presence or □ online notarization, by
	 ,as	 of 3271 NSR 7, LLC, a Florida limited liability company, freely and voluntarily under authority duly vested in him/her by said entity. He/She is personally known to me or has produced 		 as identification.
WITNESS my hand and official seal in the County and State last aforesaid this 		day of 	 ,2025.

Notary Public
Print Name: 	
My Commission Expires:

EXHIBIT A
Legal Description
A portion of Parcel "A", Margate Plaza No. 1, according to the plat thereof, as recorded in Plat Book 132, Page 50, of the public records of Broward County, Florida, being more particularly described as follows:
Beginning at the Northwest comer of said plat; thence South 89°29'10" East along the North line of said plat and along Margate City limits, a distance of 292.55 feet; Thence South 07°40'09" East a distance of 501.01 feet; thence South 01°00'34" East, a distance of 194.57 feet; thence South 88°59'26" West, a distance of 55.09 feet to the point of cmvature of a circular curve to the right; thence Westerly along the arc of said curve, having a radius of 50.00 feet and a central angle of20°10' 52", a distance of 17.61 feet to the point of tangency; thence N01th 70°49'42" West, a distance of 148.35 feet to the point of curvature of a circular curve to the left; thence Westerly along the arc of said curve, having a radius of95.53 feet and a central angle of20°10'52" a distance of33.65 feet to the point of tangency; thence South 88°59'26" West, a distance of 176.00 feet (the last five described courses being coincident with the centerline of a 30.00 foot wide ingress egress easement, as recorded in Official Records Book 16205, Page 739 of said public records); thence North 01°00'34" West, a distance of 260.33 feet; thence North 31°34'10" East a distance of 130.00 feet; Thence North 01°00'34" West, a distance of 270.00 feet to the Point of Beginning. (the previously described three courses being coincident, with the Westerly boundary of said plat.)

Also described as:
A Parcel of land being a portion of the Plat of Margate Plaza No. I, according to the plat thereof, as recorded in Plat Book 132, Page 50, of the public records of Broward County, Florida, being more particularly described as follows: Begitming at the Northwest corner of said plat; thence South 89°29' l 0" East along the North line of said plat and along the Margate City limits a distance of292.55 feet; thence South 07°40'09" East, a distance of 501.01 feet; thence South 01°00'34" East, a distance of 169.58 feet; thence No1th 88°59'26" East, a distance of 165.00 feet; thence South 01°00'34" East along the East line of said plat and the Westerly right-of-way line of State Road No. 7, per the Department of Transportation Right-of-Way Map No. 86100-2549, dated February 1, 1984, a distance of 472.67 feet; thence South 83°59'26" West, a distance of 165.00 feet; thence South 01°00'34" East a distance of2 l 0.00 feet; thence South 51°00'02" West, a distance of 150.99 feet; thence South 06° I 0'16" West a distance of 120.00 feet; tJ,ence South 88°59'26" West along the N01therly right-of-way of N.W. 31st street, per Official Records Book 14820, Pages 260 and 265, Broward County records, a distance of 166.07 feet to the point of curvature of a curve concave to the North, having a radius of 899.93 feet and a central angle of 16°47'17"; thence Westerly along said Northerly right-of-way and along the arc of said curve, a distance of 263.69 feet to a point of non-tangency; (1)thence N01th 01°00'34" West, a distance of250.00 feet; (2) tl1ence North 27°00'46" West, a distance of 159.66 feet; (3) thence North 01°00'34" West, a distance of388.34 feet to an it1tersection with a non-tangent curve to the Northwest, having a radius of 330.00 feet, to which point a radial line bears Soutl1 24°56'49" East; (4) thence No1theasterly along the arc of said curve and through a central angle of 04°04'45", a distance of 23.50 feet; (5) ilience North 60°58'26" East, a distance of 107.61 feet to the poit1t of curvature of a curve concave to the Southeast, having a radius of220.00 feet and a central angle of 25°24'41"; (6) thence Easterly along the arc of said curve, a distance of 97.57 feet to a point of non-tangency; (7) thence Nmth O1°00'34" West a distance of 283.33 feet; (8) thence 48720488.169817.0003 North 31°34'10" East, a distance of 130.00 feet; (9) thence North 01°00134" West, a distance of270.00 feet to the Point ofBegirming. The previously described nine (9) courses being coincident with the Westerly boundary of said plat.

Less and except the following Parcel described in Deed recorded as Instrument Number 115985913, oftbe public records of Broward County, Florida, more particularly described as follows:
A portion of Parcel "A", Margate Plaza No. 1, according to the plat thereof, as recorded in Plat Book 132, Page 50 of the public records of Broward County, Florida, described as follows:
Commencing at the Northernmost Southeast comer of said Parcel "A"; thence North 01°00"34"West, along the Easterly line of said Parcel "A", said line also bemg a non-vehicular access line as shown on said plat, a distance of
644.67 feet to the Point of Beginning; tl1ence continue North 0I000'34"West, along said Easterly line and said non-
vehicular access line, a distance of 200.00 feet to the Southeast comer of Parcel C as described in Special Warranty Deed recorded in Official Records Book 48129, Page 1695 of said public records; thence South 88°59'26"West, along

the South line of said Parcel C, a distance of 165.00 feet to the Southwest corner of said Parcel C; thence South 01°00'34" East a distance of 200.00 feet; thence North 88°59'26" East a distance of 165.00 feet to the Point of Beginning.
Further less and except the following described Parcel described in Deed recorded as Instrument Number 117005736,of the public records of Broward County, Florida, more particularly described as follows:

A portion of Parcel "A", Margate Plaza No. 1, according to the plat thereof, as recorded in Plat Book132, Page 50, of the public records of Broward County, Florida, being more particularly described as follows:
Commencing at the Northwest corner of said plat; thence South 89°29'10" East along the North line of said plat and along the Margate City limits, a distance of292.55 feet; thence South 07°40'09" East, a distance of 501.01 feet; thence South 0l000'34" East, a distance of 194.57 feet to the Point of Beginning; thence South 01°00'34" East, a distance of
175.01 feet; thence North 88°59'26" East, a distance of 165.00 feet; thence South 0 I000'34" East, along the East line of said Parcel "A", a distance of 272.67 feet; thence South 88°59'26" West, a distance of 165.00 feet; thence South 01°00'34" East, a distance of210.00 feet; thence South 51°00'02" West, a distance of 150.99 feet; thence South 06°10'16" West a distance of 111.94 feet; thence South 88°59'26" West, along the South line of said Parcel "A", a distance of 99.01 feet; thence South 01°00'34" East, along said South line, a distance of 8.00 feet; thence South 88°59'26" West, along said South line, a distance of 68.07 feet to the point of curvature of a circular curve to the right, thence Westerly along the arc of said curve, also being said South line, having a radius of 899.93 feet and a central angle of 11°06'38" a distance of 174.51 feet; thence North 72°07'32" West, along said South line, also being a non-tangent line, a distance of 91.43 feet; thence North 01°00'34" West, a distance of 241.90 feet; thence Nmib 27°00'46" West, a distance of 159.66 feet; thence North 0 I000'34" West, a distance of 388.54 feet to an intersection with a non-tangent circular curve to the left, at which the radius point bears North 24°56'49" West; thence Northeasterly along the arc of said curve, having a radius of330.00 feet and a central angle of04°04'45", a distance of23.50 feet to the point of tangency; thence Notih 60°58'26" East, a distance of 107.61 feet to the point of curvature of a circular curve to the right; thence Easterly along the arc of said curve, having a radius of220.00 feet and a central angle of 25°24'4 l" a distance of97.57 feet; thence North OJ 000'34" West, along a non-radial line, a distance of23.00 feet (the previously described seven courses being coincident, with the Westerly boundary of said plat); thence North 88°59'26" East, a distance of 176.00 feet to the point of curvature of a circular curve to the right; thence Easterly along the arc of said curve, having a radius of 95.53 feet and a central angle of20°10'52", a distance of 33.65 feet to the point of tangency; thence South 70°49'42" East, a distance of 148.35 feet to the point of curvature of a circular curve to the left; thence Easterly along the arc of said curve, having a radius of 50.00 feet and a central angle of 20°10'52", a distance of 17.61 feet to the point of tangency; thence Nmih 88°59'26" East, a distance of 55.09 feet to the Point of Beginning (the last five described courses being coincident with the centerline of a 30.00 foot wide ingress egress easement, as recorded in Official Records Book 16205, Page 739 of said public records).
Also less and except the 0.044 and 0.009 acre rights-of-way dedicated by said plat, now po1iions ofN.W. 31st Street.

EXHIBITB

fSEE ATTACHED]

£. 

Address:

The following signatory(ies) is/are owner(s) of Affected Land (as defined in the Declaration) who hereby consent(s) to and join(s) in the Amendment to which this Exhibit is attached.
OWNERS:
Corc:1 I � ay Commur'l ·1 ty
Development	D1stric ._

STATE OF FLORIDA	)
) ss: COUNTY OF BROWARD	)

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this_ day of 	2025,	by
		.Such individual(s) □ is/are personally known to me or □ has/have produced 		as identification.

Name: 	_ Notary Public, State of 			 Commission No. 		

[Notary Seal]

The foregoing Amendment to Declaration is hereby consented to and joined into by the City of Margate:

Signed, sealed and delivered in the presence of:

Signature
Printed Name: 	

CITY OF MARGATE, a municipal corporation of the State of Florida

By:		 Title:

Witness Address

Signature
Printed Name: 	

ATTEST:

Witness Address

By:		
		., City Clerk (SEAL)

APPROVED AS TO FORM:

By:			 City Attorney

day of 	202,5

STATE OF FLORIDA COUNTY OF BROWARD
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State
aforesaid and in the County aforesaid to take acknowledgments, the foregoing instrument was acknowledged before me by means of □ physical presence or □ online notarization, by
	 of the CITY OF MARGATE, FLORIDA,
a municipal corporation of the State of Florida, who is personally known to me or has produced
	 as identification.

WITNESS my hand and official seal in the County and State last aforesaid this 	 day of 	 ,2025.

(SEAL)	Notary Public
Print Name:	
My Commission Expires:

,·
85-195524
DECLARATION OF RESTRICTIONS
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, being the owner of certain real property located in Broward County, Florida, which property is more particularly described on Exhibit "A11	attached hereto (the "Property") makes the following Declaration of Restrictions covering the above-described Property, specifying that this Declaration shall constitute a covenant running with the land and that this Declaration shall be binding upon the undersigned and upon all persons deraigning title through the undersigned.  These restrictions, during their lifetime, shall be for the benefit of and limitation upon all present and future owners of the Property.
No building or structure, or part thereof, shall be erected, altered or used upon the Property, or the Property used in whole or in pctrt for other thdn thti! following specified uses:

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All uses permitted in districts zoned B-2	in the City
of Margate, subject to the limitations, requirements and procedures contained therein.
Animal clinics, pet hospitals.
Aunored car service.
Automobile�, new car agency. Service and parking shall be buffered from public rights-of-way and adjoining property.
Auto tag agency.
Bakery, wholesale.
Bowling alley.

Building supplies, building only).

retail .:incl	wholesale (from enclosed

Delivery service, distribution and package delivery.
Electrical appliances, wholesale.

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Funeral homes.
Furniture, wholesale and retail. Horne appliances, repairs.
Music hall.
Pistol range, indoor (soundproofed). Racquetball and handball courts, indoor.

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Restaurant	with facilities.

curb	or

automobile	clri ve-through

Surgical	and accessories.

orthopedic

appliances,

sales

and

Quick-service	food	stores-convenience accessory sale of motor vehicle fuel).

stores.

(No

These covenants are to run with the land and shall be binding on all parties and all persons claiming under them for a period of thirty (30) years from the date these covenants are recorded,

RETURH TO:
CITY Cl£RK
CITY OF HAR6ATE
5790 MARG.HI BiVD.
MARGATE, Fl 33063

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after which time they shall be extended automatically for successive periods of ten (10) years, unless an instrument signed by a majority of the then owners of any residentially-zoned property within the City of Margate which is within 300  feet of the Property ( "Affected Land") has been recorded, agreeing to terminate or change the covenants in whole or in part.
In addition, for the protection of the residential owners of the Affected Land, the City of Margate may enforce these restrictions against the owners or developers of the Property.
This Declaration may only be	amended or modified by the then owner( s)	of the Property with the consent of the City of Margate and a majority of the then owners of the Affected Land.
The invalidation of any one of  these covenants by  judgment or court order in r1u way shall affect �ny cf the other provisions, which shall remain in full force and effect.

.4......r	,

-, INr	WITNESS ��REOF, we have set our hc1nds and seals this
  ,,,.,_'?._-_c._  day of tl ._.J...	19 85 •

Signed, sealed and delivered in the presence of:

FRANK NEWTH, LTD.

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By:	,..._-�_�,.._>-<  :Ji_t....,..-.::._�_.,  ,·�-·-"'----
Steve Gladding,diartner

By:-�--=.::,lL.,:!!!;!:::,dik::iiii.;:f�flilll!:;2;2,;ii!:�:il:2�·��,��--�-::.._-Frank N. GlaclcIT� Partner

STATE OF FLORIDA COUNTY OF BROWARD
I HEREBY CERTIFY that on this day, before me an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared STEVE GLADDING and FRANK
N. GLADDING, partners of Frank Newth, Ltd., a Florida partnership, to me known to be the persons described in and who executed the foregoing instrument as General Partners of Frank Newth, Ltd., a Florida partnership, and, on behalf of such partnership, did acknowledge the foregoing instrume:nt to be the act and deed of said partnership.

My Commission Expires:

NOTARY PUBLIC STATE OF FL0RlOA
MY COMMISSION EXPIRES APR 12 19B6 BONDED THRU GENERAL INS. UNO.

RETU� TO:
CITY ClHK
CJTY Of r.«Rtm
5790 MARGA1£ BiVO.
MARGATE, fl 33063

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A  PARCEL  OF  LANI>  IN  lllE NUKTIIL,\ST  ON[  (}IIART[I(  (N[  1/4)  OF SECTION  24;  TOWNSIIIP  48  SOUTH,  RANGE  41
EAST,  0RO\VAKl>  COUNTY,  FLOftlDA.,  MOK[  PARTICULARLY  l>[SCKI0[D  AS FOLLOWS:
COMMENCING AT Ill[ NOIHIIEA'iT COKN[K OF SAil> 'iECTION 24, Ttl[NCE NORTH 89°  29'  1011 WEST, ALONG THE NORTtt BOUNDARY  UF  SAIi>  SECTION  24,   A OISTANCL  Of  80.0J  FU::T  TO A  POINT  ON THE WEST  RIGHT-Of-WAY  LINE  OF STAil  ROAD  7,  SAID POINT  ALSO BEING TII[ PUINT OF BEGINNING;  TIIENCE  SOUTH 01'  001  2411 EAST,  ALONG SAID WEST  RIGltT-UF-WAY  LINE,  2.14  f[[T;  TtlENCE  SOUTII  01°   001  14•   EAST,  CONTINUING  ALONG  SAID  WEST
 RIGHT-OF-WAY  LINE,  1608.81 F[[T;  Tll[NCL  SOlJTII  88°  591  2611  W[ST,  465.07  FEET  TO A  POINT  OF CURVATURE WI TII A TANGUH  CURVE CONCAVE  TO Ttll N<>RTll[AS T;  TIIENCE NORTIIWE S TERL Y ALONG THE ARC OF SA IO  CURVE IIAVING  A RADIUS  OF 954,93  FELT,  A  OlLTA  OF  90•   00'   oo•,  AN ARC  DISTANCE  OF 1soo.oo FEET  TO A POINT  OF
TANGENCY,  SAIU  POINT  ALSO BEING ON A l.lNE 1500 FE[T WEST  Of  AND PARALLEL WITH THE EAST BOUNDARY  Of SAID  SECTION  14  ANO  SI.CTION  13,  TO\YNSIIIP  48  SOUTII,  RANGE  41  EAST;  THENCE  NORTH  OP   001  3411  WEST, ALONG  SAIO PAKALLEL LINE,  653.91 F[ll;  TtlENC[  NORTII  01°  001  24• WEST,  CONTINUING  ALONG  SAID PARALLEL LINE,  39.87  FLLT  TO A POINT  ON SAtll  Wl!HU  BOUNDARY  OF  SECTION  24;  TtlENCE  SOUTll  89•  291  10•  EAST, ALONG  SAIO NOKTII BUUNl>AKY,  1410.SO  FEE.I  TO  TIIE  POINT Of  BEGINNING.  CONTAINING  48,64  ACRES,  MOR[  OR L(S).

..

-·--·

RETURN TO:

cm

ClIRK
CITY OF U.\RG.\TE 57SO MARGATE BLVD. MARGATE, FL 33063

Estimate for
Coral Bay
3101 S Bay Dr
Margate, FL 33063-9309
9547218681 ext 226

5051 NW 13th Ave, Suite G Deerfield Beach, FL 33064-8650
561-573-7090
954-482-6800
jmholidaylighting@gmail.com

Estimate No. 25226 Issued on Wed Mar 11, 2026
Qty Name	Description	Rate	Amount	Tax
1 Area A	Area A: MAIN ENTRANCE - LEFT & RIGHT SIDES - NORTH BAY DRIVE	$0.00	$0.00 NON	
140 C9: (b)
L.E.D. 12in (51-
100ft)	C9: Install 70 feet of 12in WARM WHITE L.E.D. C-9 lighting to Outline the Top Edge & End Columns on Each of the 2 Monument Sides 1 Per Side of Main Entrance-way	$5.00	$700.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
18 4in	TRUNK: Spiral wrap 2 SYLVESTER DATE PALM trees located (1 Per Side) on	$30.00	$540.00 TAX	
WARM	the Inside Corner of Each Monument Sign with 9 sets of 4in Watertight WARM			
WHITE	WHITE L.E.D. mini lights per tree			
6 4in RED	COLLAR: Install a 3 set 4in Watertight RED Collar on the Nut of the 2 SYLVESTER DATE PALM trees listed above	$30.00	$180.00 TAX	
60 4in
GREEN	FRONDS: Light 30 Fronds in Each of the 2 SYLVESTER DATE PALM trees located (1 Per Side) on the Inside Corner of Each Monument Sign with 4in Watertight GREEN L.E.D. mini lights	$32.00	$1,920.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
2 Specialty Item	Install a (3) Present Custom Sign Enhancer on Each of the 2 Monument Signs Located at the North Bay Drive Main Entrance-way
** Presents will be Approximately 4ft, 6ft & 8ft in Height	$4,945.00	$9,890.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
24 4in	TRUNK: Spiral wrap 8 BOTTLENECK PALM trees located (4 Per Side) in Front	$30.00	$720.00 TAX	
WARM	of Each Monument Sign with an Average of 3 sets of 4in Watertight WARM			
WHITE	WHITE L.E.D. mini lights per tree			
8 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar at the Top of the 8 BOTTLENECK trees listed above	$30.00	$240.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
40 4in
GREEN	BUSHES: Heavily scatter 20 sets of 4in Watertight GREEN L.E.D mini lights in the Lower GREEN ISLAND FICUS & PODACARPUS BUSHES located in Front of Each Monument Sign Including the Small Sections to the Outside of the Bottleneck Palms
** Make Each side Symmetrical	$24.00	$960.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
1 Area B	Area B: MAIN ENTRANCE - CENTER ISLAND - NORTH BAY DRIVE	$0.00	$0.00 TAX	
25 4in
WARM	TRUNK: Spiral wrap 7 RECLINATA PALM TREES located in a Cluster at the Front of the Center Island with 25 TOTAL sets of 4in Watertight WARM WHITE	$30.00	$750.00 TAX	

WHITE	L.E.D. mini lights			
7 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar On the Nut of the 7 RECLINATA PALM trees listed above	$30.00	$210.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
24 4in
WARM WHITE	TRUNK: Spiral wrap 3 MEDJOOL DATE PALM trees located in the Center Island with 8 sets of 4in Watertight WARM WHITE L.E.D. mini lights per tree	$30.00	$720.00 TAX	
18 4in RED	COLLAR: Install a 6 set 4in Watertight RED Collar On the Nut of the 3 MEDJOOL DATE PALM trees listed above
** LIGHT THE ENTIRE NUT AS THE COLLAR	$30.00	$540.00 TAX	
84 4in
GREEN	FRONDS: Light 28 Fronds in Each of the 3 MEDJOOL DATE PALM trees located in the Center Island with 4in Watertight GREEN L.E.D. mini lights	$32.00	$2,688.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
36 4in	TRUNK: Spiral wrap the Branches of 3 LIGUSTRUM trees located in the Center	$35.00	$1,260.00 TAX	
WARM	Island Between the Medjools with 12 sets of 4in Watertight WARM WHITE L.E.D.			
WHITE	mini lights per tree			
1 Manager Notes	 		$0.00	$0.00 NON	
1 Area C	Area C: 2ND ENTRANCE - LEFT & RIGHT SIDES - SOUTH BAY DRIVE	$0.00	$0.00 NON	
140 C9: (b)
L.E.D. 12in (51-
100ft)	C9: Install 70 feet of 12in WARM WHITE L.E.D. C-9 lighting to Outline the Top Edge & End Columns on Each of the 2 Monument Sides 1 Per Side of Main Entrance-way	$5.00	$700.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
2 Specialty Item	Install a (3) Present Custom Sign Enhancer on Each of the 2 Monument Signs Located at the North Bay Drive Main Entrance-way
** Presents will be Approximately 4ft, 6ft & 8ft in Height	$4,945.00	$9,890.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
25 4in	TRUNK: Spiral wrap 8 BOTTLENECK PALM trees located (4 Per Side) in Front	$30.00	$750.00 TAX	
WARM	of Each Monument Sign with an Average of 3 sets of 4in Watertight WARM			
WHITE	WHITE L.E.D. mini lights per tree
** 1 Tree Gets and Extra Set			
8 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar at the Top of the 8 BOTTLENECK trees listed above	$30.00	$240.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
30 4in
GREEN	BUSHES: Heavily scatter 15 sets of 4in Watertight GREEN L.E.D mini lights in the Lower PODOCARPUS BUSHES located In Front of Each Monument Sign Including the Small Sections to the Outside of the Bottleneck Palms	$24.00	$720.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
1 Area D	Area D: 2ND ENTRANCE - CENTER ISLAND - SOUTH BAY DRIVE	$0.00	$0.00 NON	
65 C9: (b)
L.E.D. 12in (51-
100ft)	C9: Install 65 feet of 12in WARM WHITE L.E.D. C-9 lighting to Outline the UNDER-HANG of the Guard House	$5.00	$325.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	

42 4in
WARM WHITE	TRUNK: Spiral wrap 3 ROYAL PALM trees located in the Center Island with 40 TOTAL sets of 4in Watertight WARM WHITE L.E.D. mini lights	$30.00	$1,260.00 TAX	
9 4in RED	COLLAR: Install a 3 set 4in Watertight RED Collar at the Top of the 3 ROYAL PALM trees listed above	$30.00	$270.00 TAX	
30 4in
GREEN	FRONDS: Light 10 Fronds in Each of the 3 ROYAL PALM trees located in the Center Island with 4in Watertight GREEN L.E.D. mini lights
** LIGHT ALL FRONDS IN EACH TREE	$45.00	$1,350.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
60 4in	TRUNK: Spiral wrap 6 SILVER BUTTONWOOD trees located in the Center	$35.00	$2,100.00 TAX	
WARM	Island with an Average of 10 sets of 4in Watertight WARM WHITE L.E.D. mini			
WHITE	light per tree			
1 Manager Notes	 		$0.00	$0.00 NON	
16 4in
WARM WHITE	TRUNK: Spiral wrap 5 RECLINATA PALM trees located in the Front of the Center Island with 16 TOTAL sets of 4in Watertight WARM WHITE L.E.D. mini lights	$30.00	$480.00 TAX	
5 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar On the Nut of the 5 RECLINATA PALM trees listed above	$30.00	$150.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
1 Area E	Area E: CLUB HOUSE	$0.00	$0.00 NON	
26 4in	TRUNK: Spiral wrap 13 ROBELLINI PALM trees located (9) on the Left Side & 4	$28.00	$728.00 TAX	
WARM	on the Right Side of the Club House Front Entrance-way with an Average of 2			
WHITE	sets of 4in Watertight WARM WHITE L.E.D. mini lights per tree			
13 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar On the Nut of the 13 ROBELLINI PALM trees listed above	$28.00	$364.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
1 Area F	Area F: 3RD ENTRANCE - CENTER ISLANDS - NE 30TH ST & N BAY DR	$0.00	$0.00 NON	
1 Manager Notes	 		$0.00	$0.00 NON	
3 4in
WARM WHITE	TRUNK: Spiral wrap 1 BOTTLENECK PALM tree located in the Front Center Island with 3 sets of 4in Watertight WARM WHITE L.E.D. mini lights	$30.00	$90.00 TAX	
1 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar at the Top of the 1 BOTTLENECK PALM tree listed above	$30.00	$30.00 TAX	
7 4in
GREEN	FRONDS: Light 7 Fronds in the 1 BOTTLENECK PALM tree located in the Front Center Island with 4in Watertight GREEN L.E.D. mini lights
** LIGHT ALL FRONDS	$26.00	$182.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
20 4in
WARM WHITE	TRUNK: Spiral wrap 4 CHRISTMAS PALM trees located Just Inside the Gate with 5 sets of 4in Watertight WARM WHITE L.E.D. mini lights per tree	$30.00	$600.00 TAX	
4 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar at the Top of the 4 CHRISTMAS PALM trees listed above	$30.00	$120.00 TAX	
32 4in
GREEN	FRONDS: Light 8 Fronds in Each of the 4 CHRISTMAS PALM trees located Just Inside the Gate with 4in Watertight GREEN L.E.D. mini lights
** LIGHT ALL FRONDS IN EACH TREE	$26.00	$832.00 TAX	
1 Manager	 		$0.00	$0.00 NON	

Notes

8 4in	TRUNK: Spiral wrap 2 BOTTLENECK PALM trees located (1 Per Side) of the	$30.00	$240.00 TAX	
WARM	Coral Bay Resident Entrance Monument Sign located Just Past the Resident			
WHITE	Gate with 4 sets of 4in Watertight WARM WHITE L.E.D. mini lights per tree			
2 4in RED	COLLAR: Install a 1 set 4in Watertight RED Collar at the Top of the 2 BOTTLE NECK PALM trees listed above	$30.00	$60.00 TAX	
12 4in
GREEN	FRONDS: Light 6 Fronds in Each of the 2 BOTTLENECK PALM trees located 1 per side of Coral Bay Monument Sign with 4in Watertight GREEN L.E.D. mini lights
** LIGHT ALL FRONDS IN EACH TREE	$26.00	$312.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
20 C9: (b)
L.E.D. 12in (51-
100ft)	C9: Install 20 feet of 12in WARM WHITE L.E.D. C-9 lighting to Outline the Top Edge & End Columns of the (1) Monument Sign located Behind the Resident Gate	$5.00	$100.00 TAX	
1 Manager Notes	 		$0.00	$0.00 NON	
1 Specialty Install a (1) Present Custom Sign Enhancer on the Monument Sign Located at the $1,400.00 $1,400.00 TAX

Item

Resident Gate
** Present Will Be Approximately 6ft in Height

1 Manager   	
Notes

$0.00	$0.00 NON

25 4in
GREEN

BUSHES: Heavily scatter 25 sets of 4in Watertight GREEN L.E.D mini lights in the Lower GREEN ISLAND FICUS BUSHES located on Either Side of the Monument Sign

$25.00	$625.00 TAX

1 Manager   	
Notes

$0.00	$0.00 NON

1 Area G	Area G: VARIOUS SUBDIVISIONS	$0.00	$0.00 NON

730 C9: (b)
L.E.D.

C9: Install 730 feet of 12in WARM WHITE L.E.D. C-9 lighting to Outline the TOP EDGE & END COLUMNS on 18 VARIOUS SUBDIVISON MONUMENT SIGNS

$5.00 $3,650.00 TAX

12in (51- located Through out the Community:

100ft)

2 Las Brisas Del Mar 1 Las Brisas
1 East Mallory Harbor
2 Las Brisas
1 The Cape
1 Mallory Harbor
1 Mallory Harbor
1 The Cape
2 Islamorada
2 Port Antigua
1 Fays Cove
1 Port Antigua
2 Indian Key

Subtotal Subtotal	$48,886.00

1 Discount Percent

Discount Per Year for Signing a 3-Year Agreement in 2026	-10.00% $-4,888.60 TAX

tax	$0.00
estimated total	$43,997.40

Deposit Due	$21,998.70

THANK YOU for considering JM Holiday Lighting

"Confidentiality Notice": This proposal and its contents are confidential and intended solely for the recipient named above. This proposal contains proprietary information that is intended only for the recipient and may be legally privileged. Any dissemination, distribution, or copying of this proposal by anyone other than the intended recipient(s) is strictly prohibited. We request that you treat this information confidentially and refrain from sharing it with any third parties, including competitors. Thank you for your cooperation.
JM Holiday Lighting, Inc.’s warranty covers all of its services and materials for seasonal lighting until December 31st of each year. All trees must b properly trimmed before the installation date or additional pruning charges will be billed separately. Sprinkler system timers must be changed to NOT run while lights are turned on at night. All service issues will be resolved within 48 hours of us receiving notice. GFI outlets are notorious fo tripping particularly when it rains heavily. Customers are responsible for resetting GFI outlets once they are dry. Please check the GFI outlet regularly to insure power is getting to the lights. Service calls placed due to this issue alone will be subjected to a service fee. A 50% deposit is REQUIRED before installation of any lighting.
JM HOLIDAY LIGHTING, INC. SEASONAL SERVICE AGREEMENT

This Service Agreement is made effective as of Current Date Fri Mar 13, 2026 , until January 1st, 2029, by and between of Coral Bay, 3101 S Bay Dr
Margate, FL 33063-9309, and JM Holiday Lighting, Inc. of 5051 NW 13th Ave, Bay G, Pompano Beach, Fl 33064.

DESCRIPTION OF SERVICES. Commercial properties will be installed between September 15th and November 1st of each season who have paid their deposit check. Residential customers will be installed after November 1st of each season. If booking services after November 1st, your installation date will be provided to you after your deposit has been received. All Customers lighting will be "Turned On" at our (4) week window options we will provide you at the time of booking. All customers lighting will be removed January 1st thru February 14th of each season. JM Holiday Lighting, Inc. will provide to Coral Bay for the services described in the attached “Estimate”.

PAYMENT FOR SERVICES. In exchange for services, Coral Bay will pay JM Holiday Lighting, Inc. according to the following schedule:
A pre-installation deposit in the amount of $21,998.70 must be provided a minimum of 21 days before installation each season. Receipt of your deposit will secure your installation date prior to each season. You will be added to the installation list in the order at which your deposit was received. The remaining $21,998.70 must be paid by December 31st of each season. There will be a 2% per month late fee assessed on your unpaid balance beginning 30 days after the December 31st final payment deadline of each season. You will receive an updated invoice for the unpaid balance at the end of each month with the fee(s) assessed until the balance has been paid in full.

WARRANTY.JM Holiday Lighting, Inc.'s warranty covers all of its workmanship and services until December 31st of each year. JM Holiday Lighting, Inc. shall provide its services and meet its obligations under this Agreement in a timely and workmanlike manner, using knowledge and recommendations for performing the services which meet generally acceptable standards in JM Holiday Lighting, Inc.'s community and region, an will provide a standard of care equal to, or superior to, care used by service providers similar to JM Holiday Lighting, Inc. on similar projects. JM Holiday Lighting, Inc. DOES NOT warranty the following: vandalism, hurricane, severe weather damage, accidental damage due to an outside part (e.g., landscapers), the resetting of GFI outlets and sprinkler system damage. Lights serviced with sprinkler systems still running at night will be billed for a service charge to all damaged sets.
If it is determined that the service call generated was not the fault of JM Holiday Lighting, Inc.’s products or services there will be a $125.00 per hou service charge, in addition to any materials needed to repair the damage. A service call generated due to a GFI issue alone will be billed a minimum of 1 hour/$125.00. All damages to the products of JM Holiday Lighting, Inc. while on recipients’ premises must be repaired by JM Holiday Lighting Inc. at the owner’s expense, not to exceed the original value of materials stated in attached Agreement (Estimate/Proposal). Service calls will be handled within 48 hours with the exception of hurricanes or other severe weather damage in which a service call may take longer.

3a. Severe Weather Damages Clause: JM Holiday Lighting, Inc. is not responsible for any damages caused by severe weather, including hurricanes and heavy rain. Clients acknowledge that severe weather can lead to outages, damage to the lighting, and tripped GFI outlets. Client must restore lighting back to contracted design. Any repairs required due to severe weather damages will be billed at a rate of $125.00 per hour, plus the cost of materials based on proposal price, and service calls for such repairs will not interfere with any installations that are already scheduled.

3b. Ground Fault Circuit Interrupter Clause:GFCI or GFI outlets are notorious for tripping particularly when it rains heavily. Customers ar responsible for resetting GFI outlets once they are dry. Sprinkler system timers must be changed to NOT run while lights are turned on at night as this

DEFAULT. The occurrence of any of the following shall constitute a material default under this Agreement:
The failure to make a required payment when due.
The insolvency or bankruptcy of either party.
The subjection of any of either party's property to any levy, seizure, general assignment for the benefit of creditors, application or sale for or by any creditor or government agency.

REMEDIES. In addition to any and all other rights a party may have available according to law, if a party defaults by failing to substantially perform any provision, term or condition of this Agreement (including without limitation the failure to make a monetary payment when due), the other party may terminate the Agreement by providing written notice to the defaulting party. Any remaining years to the Agreement will be terminated on the effective date of such notice. This notice shall describe with sufficient detail the nature of the default. The party receiving such notice shall have 14 days from the effective date of such notice to cure the default(s). If a balance is remaining, payment will be due in full within 14 days from the effective date of such notice. Unless waived by a party providing notice, the failure to cure the default(s) within such time period shall result in the automatic termination of this Agreement.

ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties, and there are no other promises or conditions in any other agreement whether oral or written concerning the subject matter of this Agreement. This Agreement supersedes any prior written or oral agreements between the parties.

SEVERABILITYI.f any provision of this Agreement will be held to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision will be deemed to be written, construed, and enforced as so limited.

AMENDMENT. This Agreement may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.

GOVERNING LAW. This Agreement shall be construed in accordance with the laws of the State of Florida.

NOTICE. Any notice or communication required or permitted under this Agreement shall be sufficiently given if delivered in person or by certified mail, return receipt requested, to the address set forth in the opening paragraph or to such other address as one party may have furnished to the other in writing.

ASSIGNMENT. Neither party may assign or transfer this Agreement without the prior written consent of the non-assigning party, which approval shall not be unreasonably withheld.

MULTI-YEAR OPT-OU.TShould you choose to cancel the agreement prior to fulfilling all contracted terms, you must provide written notice of cancellation. In such cases, any discounts applied under the Multi-Year Agreement will be forfeited, and the discounted amount previously received will become due and payable.

CONTRACT TOTAL. Estimate Number: 25226  Total Amount: $43,997.40

Service Recipient:
Coral Bay

By: 	

Please sign the above line & initial each of the following bellow to acknowledge that you have read, understood and agreed to the terms of this specific agreement.

Please acknowledge that you have read section 2. "Payment for Services" portion of this Agreement and fully understand your payment schedule to JM Holiday Lighting, Inc. as well as how late fees are assessed.

Customer Initial Here >>	

Please acknowledge that you have read section 3. "Warranty" portion of this Agreement and fully understand what is covered and not covered by JM Holiday Lighting, Inc.

Customer Initial Here >>	

Please acknowledge that you will have all of your trees and shrubbery properly trimmed before the installation of any lighting or this will result in additional pruning charges billed separately by JM Holiday Lighting, Inc.

Customer Initial Here >>	

Please acknowledge that you are responsible for resetting your GFI and will NOT have your sprinkler systems set to run while the lights are on at night.

Service Provider:
JM Holiday Lighting, Inc.
By

President
Marc J. Gotta

Vice President
Jena Thompson

Chief Administrative Officer
Gianni Lazzara

Chief Operating Officer
Brandon Lawerance

QUESTIONS? CONTACT US

jmholidaylighting@gmail.com 954-482-6800
561-573-7090

TERMS & CONDITIONS

We accept payment by Check, Cash, Zelle, ACH, or Credit Card (with a 3% Convience Fee). We accept Visa, Mastercard, & Discover. For Amex, please let us know as a specific link will need to be sent.

MAILING ADDRESS: 1188 SW 24th Terrace, Deerfield Beach Fl, 33442

NOTE:

INTERLOCAL AGREEMENT FOR UNIFORM COLLECTION OF NON-AD VALOREM SPECIAL ASSESSMENTS

THIS INTERLOCAL AGREEMENT (“Agreement”) made and entered into this

	30th	 day of 	October	, 2025, by and between the Coral Bay Community

Development District (the “District”), a local unit of special purpose government, located in Broward County, Florida, whose mailing address is 5385 N. Nob Hill Road, Sunrise, Florida 33351 and the Honorable Abbey Ajayi, the state-constitution Tax Collector in and for the Broward County, a political subdivision of the State of Florida, whose address is 115 S. Andrews Avenue, A100, Fort Lauderdale, Florida 33301 (the “Tax Collector”)(collectively, District and Tax Collector referred to as the “Parties”).
SECTION I
Purpose

The District is authorized to impose and to levy, and by appropriate Resolution has expressed its intent to use the statutory uniform methodology form of collection of non-ad valorem special assessments (“Special Assessments”), pursuant to Sections 197.3631, 197.3632 and 197.3635, Florida Statutes, and other applicable provisions of constitutional and statutory law.
The purpose of this Agreement is to establish the terms and conditions under which the Tax Collector shall, pursuant to Section 197.3632, Florida Statutes, collect and enforce those certain non-ad valorem special assessments imposed and levied by District.
District acknowledges that the Tax Collector has no duty, authority or responsibility in the imposition and levy of any non-ad valorem special assessments,

including the Special Assessments, and that it is the sole responsibility and duty of the District to follow all procedural and substantive requirements for the imposition and levy of constitutionally lienable non-ad valorem special assessments, including the Special Assessments.
SECTION II
Term and Termination

The term of this Agreement shall commence upon execution, effective for 2025, and shall continue and extend uninterrupted from year-to-year, automatically renewed for successive periods not to exceed one (1) year each, unless the District shall inform the Tax Collector, as well as Property Appraiser and the Department of Revenue, by January 10th of that calendar year, that the District intends to discontinue to use the uniform methodology for such Special Assessments, by using Form DR-412 promulgated by the Florida Department of Revenue, as may be amended from time to time.
This Agreement may be terminated for cause by the aggrieved Party if the Party in breach has not corrected the breach within ten (10) days after receipt of written notice form the aggrieved Party identifying the breach.
SECTION III
Duties and Responsibilities of District

The District shall:

Reimburse the Tax Collector for the actual costs of collection of the non-ad valorem special assessments, which reimbursement amount will not exceed two (2%) percent of the amount of the Special Assessments collected and remitted pursuant to Section 197.3632(8)(c), Florida Statutes.
Reimburse the Tax Collector for necessary administrative costs for the

collection and enforcement of the Special Assessments by the Tax Collector under the uniform methodology, pursuant to Section 197.3632(2), Florida Statutes, and Rule 12D-18.004(2), Florida Administrative Code, to include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage and programming.
Pay for or alternatively reimburse the Tax Collector for any separate tax bill (not the tax notice) necessitated by any subsequent inability of the Tax Collector to merge the non-ad valorem special assessment roll as certified pursuant to Section 197.3532(7), Florida Statutes, and Rule 12D-18.004(2) Florida Administrative Code.
Upon being billed timely, pay directly for necessary advertising relating to implementation of the uniform non-ad valorem special assessment law pursuant to Sections 197.3632 and 197.3635, Florida Statutes, and Rule 12D-18.004(2), Florida Administrative Code.
Timely certify the applicable non-ad valorem special assessment roll to the Tax Collector in accordance with the requirements of Section 197.3632(10), Florida Statutes, and Rule 12D-18.006, Florida Administrative Code.
To the extent provided by law, indemnify and hold harmless Tax Collector to the extent of any legal action which may be filed in local, state or federal courts or administrative agency against Tax Collector regarding the imposition, levy, roll preparation and certification of the Special Assessments.
SECTION IV
Duties of the Tax Collector

The Tax Collector shall take all actions legally required to collect the Special Assessments pursuant in accordance with Chapter 197, Florida Statutes.

The Tax Collector agrees to cooperate with the District in implementation of the uniform methodology for collecting the Special Assessments pursuant to and as limited by Sections 197.3632 and 197.3635, Florida Statutes.
If the Tax Collector discovers errors or omissions on such roll, Tax Collector may request that the District file a corrected roll or a correction of the amount of any special assessment. The District shall bear the cost of any such error or omission.
The Tax Collector hereby agrees to accept District Resolution No. 1990-11 attached hereto and incorporated as part of this Agreement as Exhibit A, as required by Section 197.3632(3)(a), Florida Statutes.
The Tax Collector will place the Special Assessments on the tax notice and collect the Special Assessments pursuant to the uniform method of collection and applicable procedures set forth in Section 197.3632, Florida Statutes.
Tax Collector shall distribute to the District the Special Assessment revenues collection pursuant to this Agreement in substantial compliance with the provisions of Section 197.383, Florida Statutes.
SECTION VI
Miscellaneous

Except to the extent sovereign immunity may be deemed waived by entering into the Agreement, nothing herein is intended to serve as a waiver of sovereign immunity by the Tax Collector or the District, nor shall anything included herein be construed as consent by the Tax Collector or the District to be sued by third parties in any matter arising out of this Agreement.

This Agreement constitutes the entire agreement between the parties with respect to the subject matter contained herein and may not be amended, modified or rescinded, except in writing and signed by the parties hereto.
Should any provision of this Agreement be declared to be invalid, the remaining provisions of this Agreement shall remain in full force and effect.
This Agreement shall be governed by the laws of the State of Florida.

This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original, but all of which together will constitute but one and the same instrument.
Written notice shall be given to the parties at the following address, or such other place or person as each of the parties shall designate by similar notice:
As to Tax Collector:	Hon. Abbey Ajayi
Broward County Tax Collector 115 S. Andrews Avenue, A100 Fort Lauderdale, FL 33301

With a copy to:	Timothy R. Qualls, Esq.
Young Qualls, P.A.
Post Office Drawer 1833 Tallahassee, FL 32302-1833

As to District:	District Manager Coral Bay Community Development District 5385 N. Nob Hill Road Sunrise, FL 33351
c/o Jennifer McConnell

With a copy to:	Michael J. Pawelczyk, Esq.
Billing Cochran, P.A.
515 E. Las Olas Blvd., Suite 600 Fort Lauderdale, FL 33301

IN WITNESS WHEREOF, the parties have hereunto set their hands and seals and such of them as are corporations have caused these presents to be signed by their duly authorized officers.

ATTEST:

Signature

BROWARD COUNTY TAX COLLECTOR

Abbey Ajayi, Tax Collector

Nadia Alcide
Printed Name

1/14/2026

Date

ATTEST:

CORAL BAY COMMUNITY DEVELOPMENT DISTRICT

___________

_______________

Signature

Name: John Hall	
Title:  Chairman, Board of Supervisors	

Paul Winkeljohn	
Printed Name

2025-10-30	
Date

EXHIBIT A

Docusign Envelope ID: DAF6ACB6-F545-4DA3-AEA0-F7B302810608

Docusign Envelope ID: 33C7CBC4-4270-4C2E-AB2E-D7901C12F0D3

Docusign Envelope ID: DAF6ACB6-F545-4DA3-AEA0-F7B302810608

Docusign Envelope ID: 33C7CBC4-4270-4C2E-AB2E-D7901C12F0D3

FIRST AMENDMENT TO SMALL PROJECT AGREEMENT
(Sidewalk Repairs)

THIS	FIRST	AMENDMENT	TO	SMALL	PROJECT	AGREEMENT	(the
“Amendment”) is made and entered into this  30th _ day of   March	, 2026, by and between:
CORAL BAY COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Margate, Broward County, Florida, and whose address is 5385 N. Nob Hill Road, Sunrise, Florida 33351 (the “District”),
and

ABM INDUSTRIES INCORPORATED, a Delaware corporation, registered to do business in State of Florida, having as its principal business address, One Liberty Plaza, 7th Floor, New York, New York 10006, and a local and mailing address of 3260 NW 23rd Avenue, Pompano Beach, Florida 33069 (the “Contractor”).

RECITALS
Whereas, the District is a local unit of special purpose government established pursuant to and governed by Chapter 190, Florida Statutes; and

WHEREAS, the District entered into and are parties to a Small Project Agreement in the amount of Fourteen Thousand Nine Hundred Fifty and 00/100 ($14,950.00) Dollars to complete certain sidewalk repairs and other associated services within the boundaries of the District dated March 6, 2025 (the “Agreement”); and

WHEREAS, at the Board of Supervisors meeting on June 12, 2025, the Contractor requested additional payment to complete the work in the Agreement due to costs that the Contractor did not anticipate; and

WHEREAS, at the Board of Supervisors voted at its meeting on June 12, 2025, to increase the amount payable to the Contractor to a total amount not to exceed Twenty-two Thousand and 00/100 Dollars ($22,000.00); and

Whereas, Contractor and District desire to amend certain provisions in the Agreement to reflect the new total amount of compensation.

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

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

Section 2.	Section 3 entitled “Compensation” is hereby deleted and replaced in its entirety, as follows:

SECTION 3. COMPENSATION. District agrees to compensate the Contractor in the total lump sum amount not to exceed TWENTY-TWO THOUSAND AND 00/100 ($22,000.00) DOLLARS upon completion of the Work in accordance with the Agreement (the “Compensation”).
It is further understood that District shall be responsible, at cost, for any permit fees required by Broward County, any municipality or other governing entity or agency having jurisdiction thereof (if any).
Payment of the Final Payment will be made after completion of the work necessary to complete the Project and after the Project has passed final inspection by the District, the City/County, and any other applicable permitting agencies, and after the District has been reimbursed by the Contractor for any damages incurred by the District caused by the Contractor, its subcontractors, agents, and employees. If the District has not been reimbursed by the Contractor for such damages after fifteen (15) days notice of such damages, the District is authorized to withhold the damage amount from the Final Payment to Contractor. Invoices shall be generated from the Contractor and delivered to the District so that payments can be made in accordance with this payment schedule. This provision supersedes any payment schedule or plan set forth in the Proposal.

Section 3.	Contractor acknowledges receipt of the Compensation in the amount of
TWENTY-TWO THOUSAND AND 00/100 ($22,000.00) DOLLARS as full and final
settlement and satisfaction of any and all amounts owed to Contractor under the Agreement, and hereby releases and forever discharges District from any and all past, present or future claims of every nature and kind whatsoever.

Section 4.	In all other respects not specifically amended by this Amendment, the Agreement shall remain in full force and effect.

[REMAINDER OF THE PAGE BLANK]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed the day and year first above written.

ATTEST:	CORAL BAY COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

Chairman/Vice-Chair

 30	 day of  March	, 2026

CONTRACTOR:

ABM INDUSTRIES INCORPORATED, a
Delaware corporation, registered to do business in State of Florida

By:		 Title: Branch Manager	

_3 0	 day of 	March	, 2026

Certificate Of Completion

Envelope Id: 86AB7915-49F0-40A7-B168-6F4964D9E189	Status: Completed Subject: Coral Bay: Complete with Docusign: Small Project Agmt (Sidewalk Repairs 2025 - ABM) - 1st AMD.pdf
Source Envelope:
Document Pages: 3	Signatures: 3	Envelope Originator:
Certificate Pages: 2	Initials: 0	Ellen Acosta

AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)

1001 Bradford Way
Kingston, TN 37763 eacosta@gmssf.com
IP Address: 162.199.192.217

Record Tracking		
Status: Original
3/30/2026 5:22:24 AM	Holder: Ellen Acosta
eacosta@gmssf.com	Location: DocuSign	
Signer Events	Signature	Timestamp	
Diogenes R. Pena Diogenes.pena@abm.com Branch Manager	
	Sent: 3/30/2026 5:30:47 AM Resent: 3/31/2026 7:38:05 AM Viewed: 3/31/2026 12:25:13 PM	

ABM janitorial
Security Level: Email, Account Authentication (None)

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Signature Adoption: Drawn on Device Using IP Address: 2600:387:9:3::1e Signed using mobile

Signed: 3/31/2026 12:25:35 PM

John Hall jwhallchip@msn.com
Chairman, Board of Supervisors
Security Level: Email, Account Authentication
(None)	Signature Adoption: Pre-selected Style
Using IP Address: 2601:589:4e00:33c0:85f5:33f2:6b85:2130

Sent: 3/30/2026 5:30:48 AM Viewed: 3/30/2026 8:30:19 AM Signed: 3/30/2026 8:30:55 AM

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Julio Padilla		Sent: 3/30/2026 5:30:49 AM	
Jpadilla@gmssf.com		Viewed: 3/30/2026 6:12:48 AM	
Security Level: Email, Account Authentication (None)	

Signature Adoption: Pre-selected Style	Signed: 3/30/2026 6:12:55 AM	
	Using IP Address: 96.71.20.236		
Electronic Record and Signature Disclosure:
Not Offered via Docusign			
In Person Signer Events	Signature	Timestamp	
			
Editor Delivery Events	Status	Timestamp	
			
Agent Delivery Events	Status	Timestamp	
			
Intermediary Delivery Events	Status	Timestamp	
			
Certified Delivery Events	Status	Timestamp	
			
Carbon Copy Events	Status	Timestamp	

Witness Events	Signature	Timestamp	
			
Notary Events	Signature	Timestamp	
			
Envelope Summary Events	Status	Timestamps	
Envelope Sent	Hashed/Encrypted	3/30/2026 5:30:49 AM	
Certified Delivered	Security Checked	3/30/2026 6:12:48 AM	
Signing Complete	Security Checked	3/30/2026 6:12:55 AM	
Completed	Security Checked	3/31/2026 12:25:35 PM	
Payment Events	Status	Timestamps	

Coral Bay
COMMUNITY DEVELOPMENT DISTRICT

Check Register

Date	Check Numbers	Amount	

04/09/26	

Checks

20769-20786	

$	124,358.46	
	TOTAL	$	124,358.46	
			
Date	Check Numbers	Amount	

03/31/26	

ACH

800041-800047	

$	1,009.22	
04/01/26	800048	4,262.47	
	TOTAL	$	5,271.69	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	1
*** CHECK NOS. 020769-020786	CORAL BAY CDD - GF
BANK C GENERAL FUND - WELLS
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/09/26 00202	3/05/26 26-004FI 202603 320-53800-46513	*	14,000.00 FINAL PAYMENT 03/26
ANZCO INC	14,000.00 020769
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00242	4/16/26 23223340 202603 320-53800-46508	*	95.00
SVCS EXIT SWING GATE 3/26
ASAP GATE PLUS LLC	95.00 020770
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00009	2/28/26 197475	202602 310-51300-31500	*	4,032.50
SVCS 02/26
BILLING COCHRAN PA	4,032.50 020771
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00012	3/06/26 26031104 202602 320-53800-34502	*	1,392.00
SECURITY SVCS 02/26
3/20/26 26032612 202603 320-53800-34502	*	1,392.00

CITY	OF MARGATE-POLICE	DEPARTMENT	2,784.00	020772	
- - - - - - - -	- - - - - - - - -	- - -	- - - - - - - - -	- - - - - - - - -	- - - - - -	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/09/26 00197	3/05/26 10338	202603 320-53800-46507	*	1,108.99	
INSTALL	GROUND FIXTURE	
3/14/26 10341	202603 320-53800-46507	*	1,474.76	
REPLACE	GROUND BOX 03/26	
3/18/26 10342	202603 320-53800-46507	*	1,170.82	
REPLACE	LED BRICK 03/26	
3/30/26 10346	202603 320-53800-46507	*	222.00	

SECURITY SVCS 03/26

IDENTIFY EXPOSED CONDUIT
EAGLE GROUP, INC	3,976.57 020773
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00017	3/01/26 765958	202604 320-53800-34500	*	6,279.28
MONITORING 04/01-04/30/26
3/01/26 765959	202604 320-53800-34500	*	2,976.75
MONITORING 04/01-04/30/26
ENVERA SYSTEMS	9,256.03 020774
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00053	3/03/26 91994802 202602 310-51300-42000	*	39.04
DELIVERY THRU 02/25/26
3/24/26 92260929 202603 310-51300-42000	*	30.66
DELIVERY THRU 03/13/26
FEDEX	69.70 020775
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00020	3/30/26 032026	202603 320-53800-43000	*	9,136.60
SVCS 03/26
FPL	9,136.60 020776
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00195	3/10/26 ARIV1055 202602 310-51300-31100	*	2,022.50 SVCS 01/30-02/26/26
CBAY **CORAL BAY**	JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	2
*** CHECK NOS. 020769-020786	CORAL BAY CDD - GF
BANK C GENERAL FUND - WELLS

DATE	DATE	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	
	3/10/26	

	AMOUNT	#	
*	1,942.50			
*	277.50			
*	92.50			
*	1,433.75			
*	462.50			
*	138.75			
*	370.00			
*	185.00			
*	925.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
ARIV1055 202602 320-53800-46513 SVCS 01/30-02/26/26
ARIV1055 202602 320-53800-46405 SVCS 01/30-02/26/26
ARIV1055 202602 310-51300-31100 SVCS 01/30-02/26/26
ARIV1055 202602 320-53800-46611 SVCS 01/30-02/26/26
ARIV1055 202602 320-53800-46405 SVCS 01/30-02/26/26
ARIV1055 202602 320-53800-46419 SVCS 01/30-02/26/26
ARIV1055 202602 310-51300-31100 SVCS 01/30-02/26/26
ARIV1055 202602 320-53800-46404 SVCS 01/30-02/26/26
ARIV1055 202602 310-51300-31100 SVCS 01/30-02/26/26
KCI TECHNOLOGIES, INC.	7,850.00 020777
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00241	3/04/26 4030	202603 320-53800-46404	*	36.00
AQUA CREEK CONTROL BOX
NEXT DAY ACCESS	36.00 020778
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00263	3/14/26 15017	202603 320-53800-46420	*	490.00
MAINT 03/26
REDLINE IGUANA REMOVAL	490.00 020779
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00259	2/28/26 37764	202602 320-53800-46404	*	650.00
REPAIRS 02/26
2/28/26 37792	202602 320-53800-46404	*	104.80
IRRIGATION SVCS 02/26
3/01/26 37571	202603 320-53800-46202	*	7,999.00
FLOWER ROTATION 03/26
3/11/26 37868	202603 320-53800-46404	*	2,270.00
REPAIRS 03/26
SHINTO LANDSCAPING LLC	11,023.80 020780
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00198	3/25/26 03252026 202603 320-53800-46401	*	1,833.76
PEST CONTORL 03/26
SOUTHERN PLANT AND PEST SERVICES	1,833.76 020781
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00261	3/26/26 10000693 202603 320-53800-46512	*	22,000.00
REPAIR/MAINT SVCS 03/26
ABM INDUSTRY GROUPS LLC	22,000.00 020782
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CBAY **CORAL BAY**	JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
BANK C GENERAL FUND - WELLS		RUN	4/02/26	PAGE	3	
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
4/09/26 00032	3/31/26 4289	202604 320-53800-46418	*		2,887.50		
SVCS 04/26
3/31/26 4290	202603 320-53800-46408	*
EAST RIVER POOLS AND SPAS, INC.		345.00	

3,232.50 020783	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00128	2/17/26 14183	202503 320-53800-46501	*
INDUSTRIAL DIVERS CORPORATION	-	- - - - - - -	- - - - - - - -

4,000.00 020784	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00250	3/31/26 5578	202603 320-53800-46410	*
JUST CALL JAMES, INC.	-	- - - - - - -	- - - - - - - -

2,700.00 020785	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/26 00258	3/24/26 101826	202603 320-53800-46611	*
SOUTH FLORIDA DOCK AND SEAWALL INC.	-	- - - - - - -	- - - - - - - -

27,842.00 020786	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - - -	- - - - - - - -	
TOTAL FOR BANK C		124,358.46		
TOTAL FOR REGISTER		124,358.46		

*** CHECK NOS. 020769-020786	CORAL BAY CDD - GF

REPLACED 3 TEST KITS 3/26

INSPECT BRIDGE 03/25

4,000.00

SVCS 03/26

2,700.00

DOCK REPAIR 03/26

27,842.00

CBAY **CORAL BAY**	JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/02/26	PAGE	1
*** CHECK NOS. 800041-800048	CORAL BAY CDD - GF
BANK Z CORAL BAY AUTOPAY

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
3/31/26 00234	2/11/26	032026	202603	320-53800-41000	*	154.86			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	SVCS 03/26
COMCAST - AUTO	PAY																				154.86	800041	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
3/31/26 00034	2/11/26 032026	202603 320-53800-41000												*							137.90				
	SVCS 03/26																							
	COMCAST - AUTO	PAY																				137.90	800042	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
3/31/26 00173	2/11/26 032026	202603 320-53800-41000												*							142.90				
	SVCS 03/26																							
COMCAST - AUTO PAY	142.90 800043
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00174	2/11/26 032026	202603 320-53800-41000	*	137.90
SVCS 03/26
COMCAST - AUTO PAY	137.90 800044
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00175	2/11/26 032026	202603 320-53800-41000	*	137.90
SVCS 03/26
COMCAST - AUTO PAY	137.90 800045
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00176	2/11/26 032026	202603 320-53800-41000	*	142.90
SVCS 03/26
COMCAST - AUTO PAY	142.90 800046
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00233	2/11/26 032026	202603 320-53800-41000	*	154.86
SVCS 03/26
COMCAST - AUTO PAY	154.86 800047
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/01/26 00269	3/26/26 42934121 202604 310-51700-71000	*	4,082.45
CANON FINANCIAL 04.26
3/26/26 42934121 202604 310-51700-72000	*	180.02
CANON FINANCIAL 04.26
CANON FINANCIAL SERVICES INC	4,262.47 800048
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK Z	5,271.69
TOTAL FOR REGISTER	5,271.69

CBAY **CORAL BAY**	JWASSERMAN

Coral Bay
Community Development District

Unaudited Financial Reporting
March 31, 2026

Table of Contents

1		Balance Sheet	

2-4	
	General Fund	

5	
	Schedule of Approved Major Projects	

6	
	General Fund Forecast Comments	

7	
	Debt Service Fund	

8	
	Long Term Debt Report	

9-10	
	Month to Month	

11	
	Assessment Receipt Schedule	

Coral Bay
Community Development District Balance Sheet
March 31, 2026

	General Fund			Debt Service Fund			Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$		

58,209	

$		

-	

$	

58,209	

Investments:									
State Board of Administration	1,062,226	-	1,062,226	
BankUnited Money Market	141,121	-	141,121	
Series 2012 Revenue	

-	

16,077	16,077	
Principal	-	1,282	1,282	
Electric Deposits	218	-	218	
Total Assets	$	1,261,775	$	17,368	$	1,279,143	

Liabilities:
Accounts Payable	

$	112,215	

$	-	$	112,215	
Deposits	460	-	460	
Total Liabilities	$	112,675	$	-	$	112,675	

Fund Balance:
Nonspendable: Deposits	

$	218	

$	-	$	218	
Restricted for:
Debt Service	
-	
17,368	17,368	
Assigned for:									
Capital Reserves	20,500	-	20,500	
Unassigned	1,128,382	-	1,128,382	
Total Fund Balances	$	1,149,100	$	17,368	$	1,166,468	
				
Total Liabilities & Fund Balance	$	1,261,775	$	17,368	$	1,279,143	

Page 1

	Adopted Budget	Prorated Budget	Actuals Through	Actual	Projected Next	Projected Through	Projected	
	Fiscal Year 2026	3/31/26	3/31/26	Variance	6 Months	9/30/26	Variance	

Revenues:								
Special Assessments - On Roll	$	1,618,089	$  1,618,089	$  1,537,278	$	(80,811)	$	80,811	$	1,618,089	$	-	
Interest Income	15,000	7,500	15,647	8,147	7,500	23,147	8,147	
Toscana Contributions	2,500	2,500	2,857	357	-	2,857	357	
Miscellaneous Income	-	-	100	100	-	100	100	
Transponders/Stickers	4,000	2,000	2,695	695	2,000	4,695	695	
Total Revenues	$	1,639,589	$  1,630,089	$  1,558,577	($71,512)	$	90,311	$	1,648,888	$	9,299	

Expenditures:								
General and Administrative:
Supervisor Fees	

$	12,000	

$	6,000	

$	5,800	

$	200	

$	6,000	

$	11,800	

$	200	
FICA Expense	918	459	444	15	459	903	15	
Engineering	45,000	22,500	10,714	11,786	14,999	25,713	19,287	
Attorney	50,000	25,000	21,415	3,585	29,981	51,396	(1,396)	
Commissions/Tax Collector	18,849	18,849	17,357	1,492	866	18,223	626	
Annual Audit	3,500	1,750	-	1,750	3,500	3,500	-	
Trustee Fees	3,500	1,750	-	1,750	3,500	3,500	-	
Management Fees	80,100	40,050	40,050	(0)	40,050	80,100	-	
Information Technology	1,000	500	500	0	500	1,000	-	
Website Administration	2,500	1,250	1,250	0	1,250	2,500	-	
Postage and Delivery	2,500	1,250	638	612	1,458	2,096	404	
Insurance	89,331	89,331	83,475	5,856	-	83,475	5,856	
Printing and Binding	1,500	750	444	306	875	1,319	181	
Legal Advertising and Other	4,000	2,000	925	1,075	2,333	3,259	741	
Office Supplies	300	150	0	150	300	300	(0)	
Dues, Licenses	175	175	175	-	-	175	-	
Total General and Administrative	$	315,173	$	211,764	$	183,187	$	28,577	$  106,072	$	289,259	$	25,914	

	Adopted Budget	Prorated Budget	Actuals Through	Actual	Projected Next	Projected Through	Projected	
	Fiscal Year 2026		3/31/26		3/31/26	Variance		6 Months		9/30/26	Variance	

Operations and Maintenance
Field Management Fees	

$	

55,697	

$	

27,849	

$	

27,849	

$	0	

$	

27,849	

$	

55,697	

$	-	
Contractual-Security		111,072		55,536		55,536	0		55,536		111,072	-	
Contractual-Security Equipment		51,150		25,575		25,575	-		25,575		51,150	-	
Security Patrols		37,000		18,500		12,374	6,126		21,583		33,957	3,043	
Parking Enforcement		8,400		4,200		1,400	2,800		7,000		8,400	-	
Fire and Security System Monitoring		500		250		210	40		210		420	80	
Telephone		12,000		6,000		6,006	(6)		6,054		12,060	(60)	
Water and Sewer		18,000		9,000		8,152	848		12,000		20,152	(2,152)	
Electric		107,625		53,813		54,982	(1,170)		53,813		108,795	(1,170)	
Pest Control		22,725		11,363		11,503	(140)		11,003		22,505	220	
Community Maintenance		175,857		87,929		91,928	(4,000)		83,929		175,857	-	
Porter Services		39,416		19,708		15,792	3,916		22,108		37,900	1,516	
Other Maintenance		12,000		6,000		1,100	4,900		10,900		12,000	-	
Irrigation Pumps Maintenance and Repair		35,000		17,500		26,595	(9,095)		17,500		44,095	(9,095)	
Wall Maintenance and Repair		3,000		3,000		10,824	(7,824)		-		10,824	(7,824)	
Park and Pool Maintenance/Repair		50,000		25,000		14,148	10,852		27,083		41,231	8,769	
Pool Maintenance - Contract		31,500		15,750		15,013	738		17,325		32,338	(838)	
Janitorial		43,042		21,521		17,500	4,021		24,500		42,000	1,042	
Iguana Removal		5,880		2,940		2,940	-		2,940		5,880	-	
Landscape Repairs and Improvements:													
Pruning/Trimming/Tree Removals		40,000		20,000		35,400	(15,400)		4,600		40,000	-	
Mulch		5,000		5,000		15,138	(10,138)		-		15,138	(10,138)	
Landscape Replacement/Removals		45,000		22,500		7,700	14,800		37,300		45,000	-	
Storm Cleanup		-		-		2,700	(2,700)		-		2,700	(2,700)	
Lake Maintenance/Repair		35,268		17,634		14,586	3,048		18,627		33,213	2,055	
Fountain Maintenance/Repair		1,000		500		435	65		565		1,000	0	
Drainage Maintenance		26,000		13,000		4,250	8,750		21,750		26,000	-	
Road Maintenance/Repair		20,000		10,000		19,403	(9,403)		598		20,000	-	
Sidewalk Maintenance/Repair		20,000		10,000		22,000	(12,000)		-		22,000	(2,000)	
Sign Maintenance/Repair		10,000		5,000		-	5,000		10,000		10,000	-	
Pressure Cleaning		41,000		28,967		28,967	-		12,033		41,000	-	
Electrical Repair and Replacement		26,000		13,000		18,726	(5,726)		13,000		31,726	(5,726)	
Holiday Decorations		32,615		16,095		16,095	-		16,095		32,190	425	
Gate Repairs and Replacements:		16,000		8,000		2,289	5,711		13,711		16,000	-	

	Adopted Budget	Prorated Budget	Actuals Through	Actual	Projected Next	Projected Through	Projected	
	Fiscal Year 2026	3/31/26	3/31/26	Variance	6 Months	9/30/26	Variance	

Operations and Maintenance (Continued)								
Major Projects:	180,000	90,000	129,696	(39,696)	50,304	180,000	-	
Clubhouse - Dock Extension	-	-	64,067	-	-	-	-	
Pool Resurfacing - Clubhouse Pool	-	-	46,690	-	-	-	-	
Wall Replacement	-	-	18,800	-	-	-	-	
Tennis Court Remediation/Resurfacing	-	-	139	-	-	-	-	
Total Operations and Maintenance	$	1,317,747	$	671,128	$	716,809	$	(45,681)	$  625,490	$	1,342,299	$	(24,552)	
								
Total Expenditures	$	1,632,920	$	882,892	$	899,996	$	(17,104)	$  731,562	$	1,631,558	$	1,362	

Excess (Deficiency) of Revenues over Expenditures	$	6,669	$	747,197	$	658,582	$	(54,408)	$	(641,251)	$	17,330	$	7,937	

Other Financing Sources/(Uses):															

Transfer In/(Out)	
$	
-	
$	-	
$	872	
$	872	
$	-	
$	872	
$	872	
Total Other Financing Sources/(Uses)	$	-	$	-	$	872	$	872	$	-	$	872	$	872	
								
Net Change in Fund Balance	$	6,669	$	747,197	$	659,453	$	(53,536)	$ (641,251)	$	18,202	$	8,809	
								
Fund Balance - Beginning	$	506,557		$	489,647			$	489,647		
								
Fund Balance - Ending	$	513,226		$  1,149,100			$	507,848		

Schedule of Approved Major Projects

Total Spent	Actuals Through	Projected Through	Total	
	FY 2025	3/31/26	9/30/26	Projected Cost	

Expenditures:
Non-Landscaping Projects
Entrance Monuments	

$	-	

$	-	

$	-	

$	34,000	
Basketball Court Lights ($5,500 per pole - 4 in total expected)	-	-	-	22,000	
LED Signs at Entrances (1-3 at Entryways)
Roads - Additional Speed Humps ($8,500 each - 4 in total expected) Replace Tennis/Pickleball Court Fence
Pickleball Court/Tennis Courts Remediation/Resurfacing (North Bay Park)	-
-
- 14,695	-
-
- 139	-
-
- 139	30,000
34,000
25,000
164,834	
Clubhouse - New Lake Fountain	-	-	-	50,000	
Clubhouse - Addition of Pool Heater	-	-	-	59,000	
Clubhouse/Peninsula Park - Dock Extensions	17,198	64,067	158,999	176,197	
Handrails for the Clubhouse/Peninsula Park - Dock Extensions *
Clubhouse and Fay’s Cove Pool Areas - Roof Replacement	
-	
-	
-	
63,000	
Pool Resurfacing - Clubhouse Pool	24,310	46,690	54,460	78,770	
Pool Resurfacing - Fay Cove Pool	5,500	-	-	71,500	
Wall Replacement	-	18,800	18,800	18,800	
New Pool Shading	-	-	-	50,000	
Hot Tub/Spa at Pool(s)	-	-	-	60,000	
Perimeter wall section drain cutout cover panels	-	-	-	50,000	
Landscaping Projects
Southwind Lane Hedge Removal and Replacement	

-	

-	

-	

65,000	
Additional Landscaping Enhancements	-	-	-	180,000	
Projects reported under "Major Projects" Line Item	$	61,703	$	129,696	$	232,398	$	1,232,101	

* Estimates are in process					

General Fund Forecast Comments
For The Period Ended March 31, 2026

REVENUES	PROJECTION METHOD	COMMENTS
Maintenance Assessments - Levy	Budget to Actual	Collections begin in November	
Interest Income	Current Interest Earnings	Based on current interest rates	
Toscana Contributions	Anticipated	Portion of Lake/Fountain Maintenance billed to Toscana.	

ADMINISTRATIVE:
Supervisor's Fees	Budget to Actual	12 monthly meetings.	
FICA Expense	Actual Spent	Based on all supervisors attending all scheduled meetings. Using 7.65% of gross salaries.	
Attorney's Fees	Actual Spent	Invoice for March hasn't been received.	
Engineering Fees	Budget to Actual	Invoice for March hasn't been received.	
Annual Audit	Based on Contracts	Engagement Letter for FY 2025 audit is $3,500.	
Trustee Fees	Actual Spent	No Comments	
Management Services	Based on Contract	No Comments	
Website Administration	Based on Contract	No Comments	
Property Appraiser	Budget to Actual	$2 per lot and 1% commissions for gross assessment roll (Property Appraiser Invoice Paid)	
Postage and Delivery	Budget to Actual	No Comments	
Insurance	Actual Spent	No Comments	
Printing and Binding	Budget to Actual	No Comments	
Legal Advertising & Other	Budget to Actual	No Comments	
Office Supplies	Budget to Actual	No Comments	
Dues, Licenses	Budget to Actual	Used for Department of Community Affairs (DCA)	
FIELD:
Field Management Services	Based on Contract	No Comments	
Contractual-Security	Based on Contracts	Envera-Monthly Gate Monitoring $9,256.03	
Contractual-Security Equipment	Based on Contracts	Canon Financial $4,262.47/mo.	
Security Patrols	Budget to Actual	City Police Detail ($56/Hour @ 57 Hours per month).	
Parking Enforcement	Budget to Actual	Parking Patrol $700 per month. Invoices for December - February haven't been received.	
Fire and Security System Monitoring	Based on Contracts	Quarterly Monitoring-Security & Fire Systems	
Telephone	Actual Spent Averaged	Reflects Comcast DSL which is paid via autopay.	
Electric	Highest Cost	No Comments	
Water & Sewer	Highest Cost	Invoices for February and March haven't been received.	
Pest Control, Fertilization and Weed	Actual Contract	Southern Plant and Pest Services-Monthly Contract Amount $1,833.76.	

Community Maintenance	
Actual Contract	Shinto-Landscape Maintenance-Monthly Contract Amount $9,441/Flower Installation
$23,997 Annually	
		Shinto-Irrigation System Maintenance-Monthly Contract Amount $3,214	

Porter Services	
Actual Contract	911 Commercial Cleaning Corp.-Monthly Contract Amount $3,158.33. Invoice for March hasn't been received.	
Other Maintenance	Straight Line Budget	No Comments	
Irrigation Pumps Maintenance & Repair	Actual Contract	No Comments	
Wall Maintenance & Repair	Straight Line Budget	No Comments	

Lake & Fountain Maintenance/Repair	
Straight Line Budget	Annual Contract Amount with Southeast Land and Water Management $2,741.66 monthly. Invoice for March hasn't been received.	
Park & Pool Maintenance/Repair	Straight Line Budget	This line includes repairs, supplies, and maintenance.	
Pool Maintenance - Contract	Straight Line Budget	East River Pools-monthly pool cleaning cost $2,887.50.	
Janitorial Services	Actual Contract	911 Janitorial-Monthly Contract Amount $3,500. Invoice for March hasn't been received.	
Iguana Removal	Actual Contract	Redline Iguana Removal-Monthly Contract Amount $490.	
Landscape Repairs & Improvement	Budget to Actual	No Comments	
Drainage Maintenance	Straight Line Budget	No Comments	
Road & Sidewalk Maintenance/Repair	Straight Line Budget	No Comments	
Sign Maintenance/Repair	Straight Line Budget	No Comments	
Pressure Cleaning	Straight Line Budget	No Comments	
Electrical Repair & Replacement	Straight Line Budget	No Comments	
Gate Repair & Replacement	Straight Line Budget	No Comments	
Holiday Decorations	Actual Contract	No Comments	
Major Projects	Straight Line Budget	See Schedule of Major Projects	

Debt Service Fund Series 2012
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended March 31, 2026

	Adopted Budget	Prorated Budget	Actuals Through	Actual	
	Fiscal Year 2026	3/31/26	3/31/26	Variance	

Revenues:			
Interest Income	$	-	$	-	$	1,095	$	1,095	
Total Revenues	$	-	$	-	$	1,095	$	1,095	

Expenditures:					
Interest - 11/1	$	2,338	$	2,338	$	2,598	$	-	
Interest - 5/1	2,338	-	-	-	
Principal - 5/1	85,000	85,000	85,000	-	
Total Expenditures	$	89,675	$	87,338	$	87,598	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(89,675)	$	(87,338)	$	(86,502)	$	1,095	

Other Financing Sources/(Uses):					
Other Fees	$	-	$	-	$	(1,700)	$	(1,700)	
Transfer Out	-	-	(872)	(872)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(2,572)	$	(2,572)	
					
Net Change in Fund Balance	$	(89,675)	$	(87,338)	$	(89,074)	$	1,095	
					
Fund Balance - Beginning	$	106,442		$	106,442		
					
Fund Balance - Ending	$	16,767		$	17,368		

Long Term Debt Report

	Series 2012, Special Assessment Bonds		
Interest Rate:	5.50%		
Maturity Date:	5/1/2026		
Reserve Fund Requirement	$0		
Reserve Fund Balance	$0		
Bonds Outstanding - 3/29/2012		$890,000	
Less: Principal Payment - 5/1/12		($25,000)	
Less: Principal Payment - 5/1/13		($40,000)	
Less: Principal Payment - 5/1/14		($45,000)	
Less: Principal Payment - 5/1/15		($45,000)	
Less: Principal Payment - 5/1/16		($50,000)	
Less: Principal Payment - 5/1/17		($55,000)	
Less: Principal Payment - 5/1/18		($55,000)	
Less: Principal Payment - 5/1/19		($60,000)	
Less: Principal Payment - 5/1/20		($60,000)	
Less: Principal Payment - 5/1/21		($65,000)	
Less: Principal Payment - 5/1/22		($70,000)	
Less: Principal Payment - 5/1/23		($75,000)	
Less: Principal Payment - 5/1/24		($80,000)	
Less: Principal Payment - 5/1/25		($80,000)	
Less: Principal Payment - 11/21/25		($85,000)	
Current Bonds Outstanding		$0	

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

Revenues:																
Special Assessments - On Roll	$	-	$	119,055  $	1,362,206	$	25,661  $	16,977  $	13,379	$	-	$	-	$	-	$	-	$	-	$	-	$	1,537,278	
Interest Income	1,186	617	1,579		4,595	3,784	3,885	-	-	-	-	-	-		15,647	
Toscana Contributions	-	-	-		2,857	-	-	-	-	-	-	-	-		2,857	
Miscellaneous Income	-	-	-		-	-	100	-	-	-	-	-	-		100	
Transponders/Stickers	-	1,225	-		-	1,470	-	-	-	-	-	-	-		2,695	
Total Revenues	$	1,186  $	120,897  $  1,363,785	$	33,114  $	22,231  $	17,364	$	-	$	-	$	-	$	-	$	-	$	-	$  1,558,577	

Expenditures:				
General and Administrative:
Supervisor Fees	

$	1,000  $	1,000  $	1,000	

$	1,000  $	1,000  $	800	

$	-	$	-	$	-	$	-	$	-	$	-	$	5,800	
FICA Expense	77	77	77	77	77	61	-	-	-	-	-	-	444	
Engineering	2,445	2,901	900	1,058	3,410	-	-	-	-	-	-	-	10,714	
Attorney	4,113	5,393	4,875	3,003	4,033	-	-	-	-	-	-	-	21,415	
Commissions/Tax Collector	-	1,191	15,616	247	170	133	-	-	-	-	-	-	17,357	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	6,675	6,675	6,675	6,675	6,675	6,675	-	-	-	-	-	-	40,050	
Information Technology	83	83	83	83	83	83	-	-	-	-	-	-	500	
Website Administration	208	208	208	208	208	208	-	-	-	-	-	-	1,250	
Postage and Delivery	85	170	50	74	168	91	-	-	-	-	-	-	638	
Insurance	83,475	-	-	-	-	-	-	-	-	-	-	-	83,475	
Printing and Binding	115	178	35	27	29	61	-	-	-	-	-	-	444	
Legal Advertising and Other	143	180	179	64	177	183	-	-	-	-	-	-	925	
Office Supplies	-	0	-	-	-	0	-	-	-	-	-	-	0	
Dues, Licenses	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General and Administrative	$	98,593  $	18,056  $	29,699	$	12,514  $	16,030  $	8,295	$	-  $	-  $	-  $	-  $	-  $	-  $	183,187	

Operations and Maintenance
Field Management Fees	

$	4,641  $	4,641  $	4,641	

$	4,641  $	4,641  $	4,641	

$	-	$	-	$	-	$	-	$	-	$	-	$	27,849	
Contractual-Security	9,256	9,256	9,256	9,256	9,256	9,256	-	-	-	-	-	-	55,536	
Contractual-Security Equipment	4,262	4,262	4,262	4,262	4,262	4,262	-	-	-	-	-	-	25,575	
Security Patrols	1,426	1,983	3,038	1,856	2,679	1,392	-	-	-	-	-	-	12,374	
Parking Enforcement	700	700	-	-	-	-	-	-	-	-	-	-	1,400	
Fire and Security System Monitoring	-	105	-	-	105	-	-	-	-	-	-	-	210	
Telephone	993	993	993	1,009	1,009	1,009	-	-	-	-	-	-	6,006	
Water and Sewer	1,148	3,307	1,911	1,786	-	-	-	-	-	-	-	-	8,152	
Electric	9,049	8,489	8,726	9,895	9,688	9,137	-	-	-	-	-	-	54,982	
Pest Control	2,234	1,934	1,834	1,834	1,834	1,834	-	-	-	-	-	-	11,503	
Community Maintenance	12,655	20,654	12,655	12,655	12,655	20,654	-	-	-	-	-	-	91,928	
Porter Services	3,158	3,158	3,158	3,158	3,158	-	-	-	-	-	-	-	15,792	
Other Maintenance	-	-	-	-	1,100	-	-	-	-	-	-	-	1,100	
Irrigation Pumps Maintenance and Repair	-	4,045	6,749	9,705	2,850	3,246	-	-	-	-	-	-	26,595	
Wall Maintenance and Repair	2,868	740	3,378	3,099	740	-	-	-	-	-	-	-	10,824	
Park and Pool Maintenance/Repair	5,015	150	2,568	3,782	2,288	345	-	-	-	-	-	-	14,148	
Pool Maintenance - Contract	2,625	2,625	2,888	2,888	2,063	1,925	-	-	-	-	-	-	15,013	
Janitorial	3,500	3,500	3,500	3,500	3,500	-	-	-	-	-	-	-	17,500	
Iguana Removal	490	490	490	490	490	490	-	-	-	-	-	-	2,940	
Pruning/Trimming/Tree Removals	28,200	1,500	2,200	-	800	2,700	-	-	-	-	-	-	35,400	
		Page 9									

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Mulch	-	15,138	-	-	-	-	-	-	-	-	-	-	15,138	
Landscape Replacement/Removals	3,700	4,000	-	-	-	-	-	-	-	-	-	-	7,700	
Storm Cleanup	-	1,400	1,300	-	-	-	-	-	-	-	-	-	2,700	
Lake Maintenance/Repair	1,443	5,161	2,661	2,661	2,661	-	-	-	-	-	-	-	14,586	
Fountain Maintenance/Repair	113	81	81	81	81	-	-	-	-	-	-	-	435	
Drainage Maintenance	-	-	-	-	4,250	-	-	-	-	-	-	-	4,250	
Road Maintenance/Repair	-	509	1,148	1,804	1,943	14,000	-	-	-	-	-	-	19,403	
Sidewalk Maintenance/Repair	-	-	-	-	-	22,000	-	-	-	-	-	-	22,000	
Sign Maintenance/Repair	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pressure Cleaning	26,500	-	-	-	2,467	-	-	-	-	-	-	-	28,967	
Electrical Repair and Replacement	5,208	3,558	2,669	1,576	2,977	2,737	-	-	-	-	-	-	18,726	
Holiday Decorations	-	16,095	-	-	-	-	-	-	-	-	-	-	16,095	
Gate Repairs and Replacements	2,194	-	-	-	-	95	-	-	-	-	-	-	2,289	
Major Projects	-	40,020	93	17,273	42,896	29,415	-	-	-	-	-	-	129,696	
Subtotal Field Expenditures	$	131,376	$	158,493	$	80,198	$	97,211	$	120,392	$	129,138	$	-  $	-  $	-  $	-  $	-  $	-  $	716,809	
								
Total Operations & Maintenance	$	131,376	$	158,493	$	80,198	$	97,211	$	120,392	$	129,138	$	-  $	-  $	-  $	-  $	-  $	-  $	716,809	
								
Total Expenditures	$	229,969	$	176,549	$	109,897	$	109,725	$	136,422	$	137,433	$	-  $	-  $	-  $	-  $	-  $	-  $	899,996	
								
Excess (Deficiency) of Revenues over Expe	$	(228,783)	$	(55,652)	$  1,253,889	$	(76,611)	$	(114,191)	$	(120,069)	$	-  $	-  $	-  $	-  $	-  $	-  $	658,582	

Other Financing Sources/Uses:								
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	$	872	$	872	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	$	872	$	-  $	-  $	-  $	-  $	-  $	-  $	872	
								
Net Change in Fund Balance	$	(228,783)	$	(55,652)	$  1,253,889	$	(76,611)	$	(114,191)	$	(119,197)	$	-  $	-  $	-  $	-  $	-  $	-  $	659,453	

COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	1,685,508.26	$	1,685,508.26	
	Net Assessments	$	1,601,232.85	$	1,601,232.85	
ON ROLL ASSESSMENTS		1,620,081.93			
	Allocation in %	100.00%		100.00%	

Special Assessment Receipts - Broward County

Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	O&M Portion	Total	

11/21/25	
11/1/25-11/15/25	
$	124,093.69	
$	5,038.37	
$	1,190.55	
$	-	
$	117,864.77	
$	117,864.77	
$	117,864.77	
12/5/25	11/1/25-11/30/25	$225,726.29	$9,006.67	$2,167.20	$0.00	214,552.42	214,552.42	214,552.42	
12/19/25	12/1/25-12/12/25	$1,164,754.97	$46,450.18	$11,183.05	$0.00	1,107,121.74	1,107,121.74	1,107,121.74	
12/31/25	12/13/25-12/23/25	$28,004.08	$823.27	$271.81	$0.00	26,909.00	26,909.00	26,909.00	
01/16/26	12/1/25-12/31/25	25,512.29	782.30	247.29	-	24,482.70	24,482.70	24,482.70	
01/23/26	INTEREST	-	-	-	931.46	931.46	931.46	931.46	
2/13/26	1/1/26-1/31/26	$17,291.84	$315.01	$169.77	$0.00	16,807.06	16,807.06	16,807.06	
03/13/26	2/1/26-2/28/26	13,549.88	170.09	133.80	-	13,245.99	13,245.99	13,245.99	
	TOTAL	$	1,598,933.04	$	62,585.89	$	15,363.47	$	931.46	$	1,521,915.14	$	1,521,915.14	$	1,521,915.14	

94.86%

Percent Collected

$	86,575.22  Balance Remaining to Collect

#	
Description/Task/Location	
Initial Discussion	
Board /Mgt Approval	Completion Closed & Tabled Date	
Completion / Status	
Comments	
Cost	
	
DISTRICT MANAGER	
	
1	District Easement and Encroachments	Jun-23	May-24	-	APPROVED/ IN PROGRESS	Update will be provided at the Board Meeting.	N/A	

2	
Envera Gate Process	
Jan-25	
Jan-25	
-	APPROVED/
PENDING CONTRACTOR	
Update will be provided at the Board Meeting.	
N/A	
3	CV Pro Lighting Holiday Lighting	Aug-25	Oct-25	Jan-26	COMPLETED	Completed Season - Pending Concerns
Update will be provided at the Board Meeting.	Contracted	
	
LAKE AND CANALS	
	
1	Southeast Land & Water Management (SE L&WM)	Monthly	Contracted	Monthly	ON-GOING	See Tab A
Southeast Land &Water Management Report	Contracted	

2	

Peninsula Park and Clubhouse Dock Renovations	

May-23	

-	

-	

APPROVED/IN PROGRESS	
Completed Phases
Phase 1 - Revised Plans - Completed 7/25 Phase 2 - Change Order - Completed 7/25 Phase 3 - Env/County Permit - Completed 10/25 Phase 4 - City Permit - Completed 1/26
Phase 5 - Frame - Completed Clubhouse Peninsula Park - In Progress (2-4 Weeks) PENDING
Phase 6 - Deck - In Ordered Status - (2-4 weeks)
Not in Contracted
Railings - Pending Specifications for Proposals	

$103,372	
3	Indian Key Culvert Repair	Nov-26	Dec-26	-	IN-PROGRESS	In Permitting Status	$28,110	
4	Broward County South Canal Maintenance Update	Aug-26	-	-	PENDING	No Further Updates from Broward County	N/A	
	
LANDSCAPING	

1	Remove Tot Lot and Clubhouse Palms	Mar-26	Mar-26	-	IN-PROGRESS	To be completed by Friday April 3rd	$410	
2	Install Annual Spring Mulch	Mar-26	Mar-26	-	IN-PROGRESS	To be completed by Friday April 3rd	$5,950	
3	Install Playground Mulch at Tot Lot & North Bay Park	Feb-26	Mar-26	-	IN-PROGRESS	To be completed by Friday April 3rd	$8,105	
4	Peninsula Park Safety Removal and Trimming	Mar-26	Mar-26	-	IN-PROGRESS	Remove (2) Dead Queen Palms and reduce Gumbo
Limbo and Travelers Palms	$1,950	

5	

Proposal to Remove Washingtonians	

Oct-25	

Oct-25	

-	

PENDING	Identified 22 need removing with Arborist Terry Glyn
Obtained Proposals
Shinto - $15,990.00 / JCJ $17,820.00
Obtaining Estimates for Palm Replacement	

N/A	

6	
North Bay Drive Reduction of Beds with Sod	
Jan-26	
Jan-26	
Mar-26	
PENDING	Board Direction
10 Pallets - 56 Labor Hours - Other Charges Pending Installation	
$9,220	

COMMUNITY ITEMS	
	
>	Envera Gate Report	Mar-24	N/A	Monthly	ON-GOING	Envera has not provided Reports	N/A	
>	Envera New Resident Forms	May-24	N/A	Monthly	ON-GOING	Monthly	N/A	
>	Redline Iguana Removals	Nov-24	Nov-24	Monthly	ON-GOING	Bi-Monthly	N/A	
	
1	Several Sub-Division & 30th St Lights Vandalism	Mar-26	Mar-26	-	IN-PROGRESS	Investigating - Wires were cap and replacements have bee ordered. Following up with MPD.	N/A	
2	Quarterly Pool Facilities Pressure Cleaning	Mar-26	Mar-26	-	IN-PROGRESS	-	N/A	

3	

Investigation of Peninsula Park Expose Conduit	

Mar-26	

Mar-26	

-	

IN-PROGRESS	
Completed Conduit Type/Ownership
Electrician confirmed conduit was not high‑voltage
- Envera confirmed it is not part of their current system
Electrician identified it: Envera’s former data conduit
Actions
- All wiring has been removed.
- Pending removal or burial of conduit	

N/A	
4	Peninsula Park Bike Rack Painting	Feb-26	Mar-26	-	IN-PROGRESS	To be competed by 4/10/26 - weather permitting.	N/A	
5	Peninsula Park Damaged Light Pole Replacement	Feb-26	-	-	PENDING	Reported to Insurance Company - Obtaining Proposals	N/A	
6	Islamorada Circle Wall Damage Insurance Claim	Sep-25	Sep-25	-	IN-PROGRESS	Insurance is working on Claim.	$18,800	
7	Found Bicycles Procedure	Dec-25	-	-	PENDING	Found 4 Bicycles - Pending District Counsel Update	N/A	

8	

Replace and Refurbish Damaged Pool Furniture	

Jul-25	

Jul-25	

-	

IN-PROGRESS	Pool Furniture
(Purchase - Refurbish - Dispose)
Phase 1 - Separated Furniture - (Completed) Phase 2 - Obtaining Addi'll Proposals Patio Contract
$413.53 Lounges / $199.33 Chairs
Tabled
Phase 3 - Dispose of non-repairable furniture	

N/A	
9	Islamorada Trellis Repairs - Removal/Replacement	Jul-25	-	-	PENDING	Pending Proposals	TBD	

	
90 DAYS HISTORY OF COMPLETED, CLOSED, & TABLED ITEMS	
	
1	Quarterly Tot Lot/30th St. Preserve & Maintenance	Mar-26	Mar-26	Mar-26	COMPLETED	-	$2,700	
2	30th Street Swing Gate Repairs	Jan-26	Jan-26	Mar-26	COMPLETED	-	N/A	
3	Islamorada Road Island at Cul-De-Sac Curbing	Oct-25	Jan-26	Mar-26	COMPLETED	-	$14,000	
4	Sidewalk Inspections/Repairs	Apr-24	Jan-26	Feb-26	COMPLETED	-	$22,000	
5	Drone Easement Inspection Report	Aug-25	Nov-25	Jan-26	COMPLETED	-	$1,200	
6	NBD Click to Enter Repair	Jan-26	Jan-26	Mar-26	COMPLETED	-	N/A	
7	New Pool Lift Bracket	Feb-26	Feb-26	Mar-26	COMPLETED	-	$36	
8	Clubhouse Main Gate Lock Replacement	Feb-26	Feb-26	Mar-26	COMPLETED	-	N/A	
9	Pool Lift Maintenance/New Cover-Batteries-Charger	Feb-26	Feb-26	Feb-26	COMPLETED	-	$1,639	
10	Electrical Community Repairs	Feb-26	Feb-26	Feb-26	COMPLETED	-	$1,737	
11	Industrial Divers - Bridge Culverts & Weir Inspection	Feb-26	Feb-26	Feb-26	COMPLETED	-	$4,250	
12	Pressure Clean Addi'll Mold/Mildew Common Areas	Feb-26	Feb-26	Feb-26	COMPLETED	-	$3,450	
13	Paint North Bay and South Bay Dr Wall Markings	Feb-26	Feb-26	Feb-26	COMPLETED	-	N/A	
14	Flush Cut 2 Dead Queen Palms	Feb-26	Feb-26	Feb-26	COMPLETED	-	$800	
15	Paint Peninsula Park Restroom Doors	Feb-26	Feb-26	Feb-26	COMPLETED	-	N/A	
16	Repair broken NBD Flag Cable	Feb-26	Feb-26	Feb-26	COMPLETED	-	N/A	
17	Peninsula Park Removal of 2 Dead Queen Palms	Jan-26	Jan-26	Feb-26	COMPLETED	-	$800	
18	Islamorada Circle Wall Damage	Sep-25	Sep-25	Feb-26	COMPLETED	-	$18,800	
19	Additional Paver Repairs around Pool	Jan-26	Jan-26	Jan-26	COMPLETED	-	N/A	
20	Pressure Wash Facility Pools - Q2	Jan-26	Jan-26	Jan-26	COMPLETED	-	$2,467	
21	Clubhouse Pool Refurbish	Mar-25	May-25	Jan-26	COMPLETED	-	$67,800	
22	East Riverside Pools & Spa Amendment	Nov-25	Nov-25	Jan-26	COMPLETED	-	Contracted	

LAND AND WATER MANAGEMENT

General Information:

Waterway Inspection Report

Date Location
Technician(s):
Joey

3-18-26

Coral Bay

Weather Conditions:

Temperature	58	Wind Speed	5-10	Wind Direction	N/A

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Wildlife Observations:

Birds, Fish, Turtles

Comments:
Today we treated for surface/bottom algae and floating weeds. Water levels are very low at this time. All fountains are working at full capacity.

954-240-7500  I WWW.SELWM.COM

MINUTES OF THE MARCH 12, 2026 CORAL BAY
COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING

Thursday, March 12, 2026
7:00 p.m.	Coral Bay Recreation Center 3101 South Bay Drive, Margate, Florida	
Call to Order
The meeting was called to order at 7:00 p.m. in the Coral Bay Recreation Center.

Attendee Name	Title	Status	
John Hall	Chairman	Present	
Tony Spavento	Vice Chairman	Present	
Tina Hagen	Treasurer	Absent	
Ronald Gallucci	Supervisor	Present	
George Mizusawa	Supervisor	Present	
Attendance in person were; Liza Smoker, District Counsel; Jonathan Geiger, District Engineer; Andrew Gill, GMS; Julio Padilla, GMS; John Lynaugh; Regions Bank Representative (by ZOOM); Charlie Ladd; Barron Real Estate, Tommy Ruzzano; Margate City Commissioner, and several residents in attendance in any format.

Roll Call and Pledge of Allegiance
Mr. Hall called the meeting to order. (Tape Time: 0:00:07)
Presentations/Reports
Presentation with Regions Bank on Major Projects Loan
Mr. Hall (Tape Time: 0:00:53) stated a representative from Regions Bank was in attendance by ZOOM and had a presentation for the Board for the major projects loan.

(At this time (Tape Time: 0:01:13) Mr. John Lynaugh from Regions Bank introduced himself and gave a short PowerPoint presentation (by ZOOM) regarding a potential Major Projects loan)
(A Q&A session (Tape Time 0:05:37) was held among the Board members and Mr.
Lynaugh relating to his presentation)

Mr. Gill (Tape Time: 0:08:23) stated he had previously reviewed this item relating to the loan with Ms. Hagen, and a motion from the Board to proceed with the loan would require District Counsel to draft a resolution for the Board to ratify at the next Board meeting.

MOTION:

Authorizing staff to draft a resolution with the terms from Regions Bank for the Major Projects Loan to bring back for ratification at the
next Board meeting

MOVER:

Tony Spavento

SECONDER:

George Mizusawa

VOTE:

All in favor

RESULT:

Authorizing staff to draft a resolution with the terms from Regions
Bank for the Major Projects Loan to bring back for ratification at the next Board meeting was approved

Tape time: 0:08:54

Presentation with Barron Real Estate, Inc. on Potential Redevelopment
Mr. Hall (Tape Time: 0:10:00) moved to item 2B, and stated there was a representative in attendance from Barron Real Estate to give a presentation on the potential redevelopment.
(At this time (Tape Time: 0:11:06) Mr. Charlie Ladd from Barron Real Estate introduced himself and gave a short presentation on the potential redevelopment)

(A Q&A session (Tape Time 0:18:28) was held among the Board members and Mr. Ladd relating to his presentation)(Following the Q&A session further discussion was held among the Board members and Commissioner Ruzzano relating to potential traffic issues)

Discussion of Proposed Redevelopment Near District and First Amendment to Declaration of Restrictive Covenants
Letter Barron Real Estate, Inc. Representative Regarding Proposed Development
Draft First Amendment to Declaration of Restrictive Covenants
Declaration of Restrictive Covenants (12606-663) dated May 2, 1985
Mr. Gill (Tape Time: 1:04:53) stated item No. 6 addresses exactly what was just discussed, and asked if the Board wanted to jump down to this item and table it or just wait until they get to the item on the agenda.
(At this point (Tape Time: 1:05:05) a discussion was held among the Board members, Mr.
Gill, Ms. Smoker, and Commissioner Ruzzano relating to items 6A, B and C listed above and whether or not the Board was ready to vote to amend the Declaration of Restrictive Covenants) (Ms. Smoker also gave a brief overview relating to items B and C stating there should be a title search done and the Board should probably request the developer to pay for that)(The Board agreed to table this item to the next Board meeting)

Audience Comments / Supervisors Comments
Mr. Hall asked if there were any audience comments or Supervisor’s comments at this time. (Tape Time: 1:14:02)
(At this point (Tape Time: 1:14:12) there were several comments from the attending audience regarding the potential traffic issues and the southbound exit to St. Road 7 relating to the potential redevelopment)(Commissioner Ruzzano also made a few additional comments relating to the recent city council meeting regarding potential future plans for the City of Margate)(Mr. Gallucci (Tape Time: 1:22:52) stepped out of the meeting for a few minutes at this time)
Mr. Hall then asked for any Supervisor’s comments at this time. (Tape Time: 1:23:04)
Mr. Spavento (Tape Time: 1:23:15) made a comment to keep in mind all the men and women currently defending the country at this time relating to the current war conditions.
Mr. Mizusawa (Tape Time: 1:23:40) also made a few comments relating to the CDD website.

Discussion of:
Discussion of Estoppel Certificate related to Drainage Easement Granted to Preserve at Toscana
Mr. Hall (Tape Time: 1:32:07) moved to item No. 4A, discussion of estoppel certificate related to drainage easement granted to Preserve at Toscana and asked Mr. Gill to present this item.
Mr. Gill (Tape Time: 1:32:15) gave a brief explanation of this item stating the discussion was a little bit premature since he had already discussed it with the attorney, Samantha Bohn from D&K Law. He stated the estoppel certificate was initially drafted, however, it should have been drafted by District management because it was required to be certified by Management of any outstanding debts relating to the property. So management will be working with the engineer relating to the easement granted to Preserve at Toscana.
(At this point (Tape Time: 1:33:01) a discussion was held among the Board members, Mr. Gill, and Ms. Smoker relating to this item)(The Board requested District staff to continue to research this item and verify the information and come back to the next Board meeting with further information)

Envera Gate Hits, Letters, Fob Deactivations and other District Procedures
Mr. Hall (Tape Time: 1:36:23) moved to item No. 4B, Envera gate hits, letters, Fob deactivations and other District procedures and asked Mr. Gill for his input on this item.
Mr. Gill (Tape Time: 1:36:34) stated he wasn’t sure if Envera had been reaching out to Mr. Hall beyond the emails but, he was still waiting on a spreadsheet from them that shows who was hitting the gate, whether or not they came out to fix it, and if they had come out to fix it, who the actual offender was. Mr. Gill also stated they have a letter ready to be sent out to whoever was responsible.
At this point (Tape Time: 1:36:57) a discussion was held among the Board members, and Mr. Gill relating to this item)(The Board requested Mr. Gill to obtain an organizational chart from Envera due to their recent reorganization to confirm the current account manager in charge for Coral Bay CDD)

Clubhouse and Peninsula Park Dock Installation
Mr. Hall (Tape Time: 1:46:4) moved to item No. 4C, clubhouse and Peninsula Park dock installation.
Mr. Mizusawa (Tape Time: 1:46:29) made a few comments relating to this item stating this was a concern and he wanted to identify what actions the Board would need to take, if any. He then gave a brief overview relating to the quotes that were provided in the agenda regarding the clubhouse and Peninsula Park dock demolition and the additional change orders. Mr. Mizusawa also stated that the vendor had spoken to the engineer about wanting to utilize galvanized steel hardware versus stainless steel, and the engineer would approve it. However, if there were any changes to the permitting it had to be redocumented and resubmitted for approval. Mr. Mizusawa stated it was his understanding the vendor was moving forward with installing galvanized steel hardware for the bolts and hangers as opposed to stainless steel, and nothing had been shown to the Board and no requests for approval from the vendor to change out those items. Mr. Mizusawa stated his suggestion would be to enforce the originally executed contract and engineering drawings and force the vendor to use stainless steel hardware.

(At this point (Tape Time: 1:55:09) a discussion was held among the Board members, Mr. Mizusawa, and Mr. Geiger relating to this item)(The Board discussed and made comments to Mr. Mizusawa’s overall summary and review)(Mr. Spavento stated (Tape Time: 1:56:20) if the vendor didn’t want to do the wrapping or whatever, he would request a reduction in the price of the hardware)(Mr. Geiger (Tape Time: 1:56:49) also stated the vendor had just recently passed their framing inspection so that would mean taking everything apart to install the other hardware which potentially would make it weaker than when it was put together the first time)(The Board agreed to have Mr. Padilla work with the vendor to get the project completed and whatever difference in price of the hardware, credit the District back at the end)

Discussion and Review of Islamorada Pergola Project
Islamorada Pergola Report – Feb 18, 2026
Pergola Quote Evaluation – Feb 20, 206
RFQ – Islamorada Pergola – Feb 23, 2026
Mr. Hall (Tape Time: 2:09:07) moved to item No. 5A, B and C, discussion and review of Islamorada Pergola project and asked Mr. Mizusawa for his input.

Mr. Mizusawa (Tape Time: 2:09:30) gave a brief presentation relating to this item which was included in the agenda stating the Board agreed at the last meeting to do an overall review of the design specs, so he took the reports and reviewed them, identified all the problems with the project, and what remediation could be done for those problems. He also stated his report was included in the agenda and he just wanted to send it out to the Board so they had an idea of what was actually documented. He then gave a brief summary of the RFQ he had put together which was also included in the agenda.
(At this point (Tape Time: 2:26:25) a discussion was held among the Board members, Mr. Mizusawa, Mr. Geiger and Mr. Padilla relating to this item)(Mr. Spavento (Tape Time: 2:35:09) suggest Mr. Padilla to contact the person who could repair the caps for the pergola first before moving forward with anything else and 911 could handle the rest if they were reasonable)(Mr. Mizusawa (Tape Time: 2:35:33) clarified the steps they would take would be to obtain quotes for the services to remove pergola in its entirety, and obtain quotes for services to perform the repairs of the caps)

Discussion of Proposed Redevelopment Near District and First Amendment to Declaration of Restrictive Covenants (Cont.)
Letter Barron Real Estate, Inc. Representative Regarding Proposed Development
Draft First Amendment to Declaration of Restrictive Covenants
Declaration of Restrictive Covenants (12606-663) dated May 2, 1985
(This item was addressed earlier in the meeting and tabled to the next Board meeting)

Discussion of:
Holiday Landscape Lighting Dispute
Mr. Hall (Tape Time: 2:40:30) moved to item No. 7A, discussion of holiday landscape lighting Dispute and asked Mr. Gill to present this item.
Mr. Gill (Tape Time: 2:40:36) stated he still hadn’t heard back from CV Pro Lighting after requesting adequate verification documentation, and he had not gotten anything back since he requested that over two months ago, which was one set of their lighting inspections

showing they came out, and the lights were actually working at a certain time but, they have not anything but he was working with the attorney to see what the steps would be.
(At this point (Tape Time: 2:41:05) a discussion was held among the Board members, Mr. Gill and Ms. Smoker relating to this item)(The Board requested Mr. Gill to obtain the last invoice and to have CV Pro Lighting send GMS inspection reports prior to payment) (The Board agreed to give the vendor an additional 30 days and if he doesn’t send an invoice the Board would put it on the agenda for the next meeting)

Status of Envera Invoices for Gate Arms
Gate Hit Enforcement
Mr. Hall (Tape Time: 2:51:36) moved to item No. 7B, status of Envera invoices for gate arms and stated this item had already been discussed earlier. Mr. Hall stated that item 7C, gate hit enforcement was also already discussed and Management would be getting information from Envera on the service logs.

Discussion of Loan for District’s Major Projects
Mr. Gill (Tape Time: 2:51:57) stated under item No. 8, Ms. Hagen, who was not in attendance, had provided a breakdown of what the $400,000 loan would cover and also a breakdown cost of each of the major projects that were voted on by the Board, approved and unapproved, which was included in the agenda. Mr. Gill also stated Ms. Hagen had provided a detailed letter of the funding to the Board, and this item would be discussed again at the next Board meeting, along with the loan application.
(At this point (Tape Time: 2:53:01) a discussion was held among the Board members and Mr. Gill relating to the information Ms. Hagen had provided in the agenda)

Staff Reports
Mr. Hall (Tape Time: 2:56:34) moved to item No. 9A, attorney, and asked Ms. Smoker if she had anything to report.
Attorney
Ms. Smoker (Tape Time: 2:56:36) stated she had nothing to report at this time other than to remind the Board members to complete their Form 1s which are due by July 1st.

Engineer
Mr. Hall (Tape Time: 2:56:51) moved on to item No. 9B, engineer, and asked Mr.
Geiger for any updates.
Mr. Geiger (Tape Time: 2:56:58) gave a brief update and stated other than the dock item which had already been discussed earlier in the meeting the only other thing he had was the Islamorada circle replacement, which was completed and done and everything looked good. Mr. Geiger also stated for the Indian Key headwall erosion repair, the vendor furnished the designed plans and they started the permit processing under their engineering services contract, and they were also looking to get their construction phase contract completed per the new scope of work that was approved, and Mr. Padilla has the building form they need to sign and submit to the city.
Treasurer
Approval of Check Run Summary and Invoices
Acceptance of Unaudited Financials
(A copy of the unaudited financials was enclosed)
Mr. Hall (Tape Time: 2:58:22) moved to item 9C, treasurer and asked for any questions, or a motion to approve the financials.

MOTION:

Approve Check Run Summary and Invoices

MOVER:

Tony Spavento

SECONDER:

Ron Gallucci

VOTE:

All in favor

RESULT:

Check Run Summary and the unaudited financials were
approved

Tape time: 2:58:30

Field Manager – Monthly Report
Mr. Hall (Tape Time: 2:59:06) moved to item 9D, field manager and asked Mr. Padilla for his report.

Mr. Padilla (Tape Time: 2:59:26) gave a brief update on several pending and in-progress items listed on his field manager’s report relating to lakes and canals, landscaping and community items.
(At this point (Tape Time: 2:59:57) a discussion was held among the Board members, Mr. Padilla and Mr. Geiger relating to a few of the items on the field manager’s report and any updates referenced on the report)
Mr. Padilla (Tape Time: 3:03:39) continued with his field report stating he went around with Mr. Glynn and did an inspection and identified 22 Washingtonians that needed to be removed so Shinto Landscaping and Just Call James would be providing proposals to do that work.
(At this point (Tape Time: 3:04:08) a discussion was held among the Board members and Mr. Padilla relating to this item)(Mr. Padilla (Tape Time: 3:09:54) also stated he had a couple of items to bring up under Old Business at the agenda)

CDD Manager - Approval of the Minutes of the February 12, 2026 Meeting
Mr. Hall (Tape Time: 3:11:26) asked for a motion to approve the February 12, 2026 minutes.

MOTION:

Approve the Minutes of the February 12, 2026 Meeting

MOVER:

Tony Spavento

SECONDER:

George Mizusawa

VOTE:

All in favor

RESULT:

The February 12, 2026 meeting minutes were approved

Tape time:

3:11:29

Old Business
Mr. Hall asked (Tape Time: 3:11:46) if there was any old business to discuss.
Mr. Padilla (Tape Time: 3:11:47) stated the City of Margate had sent him the annual debris agreement which needed to be approved by the Board, and also the trespass agreement that had expired with Margate Police Department needed to be approved.

MOTION:

Approve the Debris Agreement between the City of Margate and
Coral Bay CDD for emergency hurricane cleanup

MOVER:

Tony Spavento

SECONDER:

Ron Gallucci

VOTE:

All in favor

RESULT:

The Debris Agreement between the City of Margate and Coral Bay
CDD for emergency hurricane cleanup was approved

Tape time:

3:12:07

MOTION:

Approve the Trespass Agreement with Margate Police Department

MOVER:

Tony Spavento

SECONDER:

George Mizusawa

VOTE:

All in favor

RESULT:

The Trespass Agreement with Margate Police Department was
approved

Tape time:

3:13:50

New Business – 6474 Buena Vista Drive – Shoreline Restoration Permit Request
Mr. Hall (Tape Time: 3:14:10) moved to item No. 11, 6474 Buena Vista Drive, shoreline restoration permit request and asked Mr. Gill to present this item.
Mr. Gill (Tape Time 3:14:15) stated he received a permit application for a shoreline restoration, and gave a brief explanation relating to the application stating the homeowners were requesting to install a cement bag wall to prevent further shoreline erosion. Mr. Gill also stated Mr. Geiger had reviewed this permit application stating there was some missing information and some deficiencies in the sketch to be approved, so Mr. Gill sent an email to

the resident informing them of those deficiencies stating the permit application would need to be revised and attach the details to be approved.
(At this point (Tape Time: 3:15:52) a discussion was held among the Board members and Mr. Gill and Mr. Geiger relating to this item)(The Board agreed to table this item until the resident resubmits his revised application)

Adjournment

MOTION:

Adjourn the Meeting

MOVER:

Tony Spavento

SECONDER:

George Mizusawa

VOTE:

All in favor

RESULT:

Meeting adjourned at 10:20 p.m.

Tape time: 3:17:41

Secretary/Assistant Secretary	Chairman/Vice Chairman