Isles of Bartram Park
Community Development District
NOVEMBER 14, 2025

Isles of Bartram Park
Community Development District
475 West Town Place, Suite 114, St. Augustine, FL 32092 Phone: 904-940-5850 - Fax: 904-940-5899
November 6, 2025

Board of Supervisors
Isles of Bartram Park Community Development District Dear Board Members:
The Isles of Bartram Park Community Development District Board of Supervisors is scheduled for Friday, November 14 2025, at 10:00 a.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092.
Following is the advance agenda for this meeting:

Roll Call

Audience Comment
Approval of Minutes of the August 8, 2025 Meeting
Consideration of Proposals for Capital Reserve Report
Community Advisors

Custom Reserves

Reserve Advisors

Consideration of:
Grau and Associates Engagement Letter
Policies for Use of Lakes and Other Stormwater Management Facilities
Consideration of Proposals:
Innovative Fountain Services for Pond Fountain Services
Innovative Fountain Services for Installation of Strainer
Innovative Fountain for Floating Fountain Maintenance

Yellowstone Landscape for Bore Project along Sitara Lane

Pond Bank Inspection Report
Discussion of Fountain Installation at Pond 7
Ratification of Proposal from First Choice Aquatics for Treatment of Pond 7

Consideration of Resolution 2026-01, Amending the General Fund & Capital Reserve Fund Budget for Fiscal Year 2025
Other Business
Staff Reports
Attorney
Engineer

Manager
Review of Fiscal Year 2025 Goals and Objectives
Annual Ethics Training
First Choice Aquatics
Supervisors’ Requests
Audience Comments

Financial Reports
Balance Sheet as of September 30, 2025 and Statement of Revenues & Expenditures

Assessment Receipt Schedule

Approval of Check Register

Next Scheduled Meeting – February 20, 2026 at 10:00 a.m.

Adjournment

THIRD ORDER OF BUSINESS

MINUTES OF MEETING ISLES OF BARTRAM PARK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Isles of Bartram Park Community Development District was held on Friday, August 8, 2025, at 12:00 p.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, Florida.

Present and constituting a quorum were:

Scott Forshey-Friedman	Chairman
Joseph Zemel	Vice Chairman
Nancy Brown	Supervisor
James Pudner	Supervisor
Scott Kelley	Supervisor

Also present were:

Marilee Giles	District Manager, GMS
Wes Haber by phone	District Counsel, Kutak Rock
Sarah Sweeting	GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Giles called the meeting to order at 12:00 p.m. Five Board members were in attendance, constituting a quorum.

SECOND ORDER OF BUSINESS	Audience Comment
Ms. Giles noted that two members of the public were present but had no questions.

THIRD ORDER OF BUSINESS	Approval of Minutes of the May 9, 2025, and
June 6, 2025, Meetings
Ms. Giles presented the minutes of May 9, 2025, and June 6, 2025 meetings and asked for comments, corrections, or changes. The Board had no changes to the minutes.

On MOTION by Mr. Forshey-Friedman, and seconded by Ms. Brown, with all in favor, the Minutes of the May 9, 2025, and June 6, 20245 Meetings were approved.

FOURTH ORDER OF BUSINESS	Consideration of Proposals:
Lake Maintenance Services with Frist Coast Aquatics
Ms. Giles presented the First Coast Aquatics proposal for FY26 lake maintenance covering all 11 ponds. She said the initial treatment was $2,205, with the same monthly rate, and that grass carp stocking was priced at $10 per fish. Staff explained that the number of fish added depends on pond size and regulatory limits, and that stocking is done only when needed based on pond conditions. They compared it to last year’s budget, noting lake maintenance increased from about
$64,972 to $68,884, which was in line with other service increases. It was clarified that the fish are triploid grass carp and that not all ponds are restocked each year. Pond 6 already has new fountains, so they expect to monitor results there first, while Pond 7 might need attention next if conditions worsen. After discussion, the Board approved the proposal for lake maintenance services.

On MOTION by Mr. Forshey-Friedman, and seconded by Mr. Kelley, with all in favor, the Lake Maintenance Services with Frist Coast Aquatic was approved.

Pond Bank Inspection Report (will be sent under separate cover)
Ms. Giles stated that the inspection report had not been completed. The Board agreed to table the item and have staff follow up with the engineer for an update.

FIFTH ORDER OF BUSINESS	Public  Hearing  Adopting  the  Budget  for
Fiscal Year 2026
Ms. Giles discussed the budget overview. She noted that the table of contents was helpful because it showed the District’s fund types — the general fund, the 2015 and 2017 debt service funds, and the capital reserve fund. She added that although there were some line-item adjustments, the FY26 budget remained flat overall, with no change in resident assessments. The O&M assessment stayed at $533 per lot. Ms. Giles also referred to a comparison chart showing FY25 and FY26 side by side. Ms. Sweeting said she had no further comments, and Ms. Giles added that the narrative pages were useful since they included monthly and annual costs and contingencies

based on past invoices. Ms. Giles noted that any unused funds stayed with the District and helped cover first-quarter expenses before tax revenues were received. Ms. Giles asked for a motion to open public comments.

On MOTION by Mr. Forshey-Friedman, and seconded by Ms. Brown, with all in favor, Opening the Public Hearing, was approved.

Ms. Giles stated looking for a motion to close the public hearing.

On MOTION by Mr. Forshey-Friedman, and seconded by Mr. Kelley, with all in favor, Closing the Public Hearing, was approved.

Consideration of Resolution 2025-04, Relating to the Annual Appropriations and Adopting the Budget for Fiscal Year 2026
Mr. Haber explained that both resolutions were part of the budget process. Resolution 2025-04 officially adopted the District’s final budget for Fiscal Year 2025-2026 and authorized the use of funds as outlined. He added that the Board had already approved a proposed budget earlier, which was sent to St. Johns County for the required 60-day review period before final adoption. Mr. Haber added that Resolution 2025-05 was the formal assessment levy resolution, which allowed the District to collect both the operations and maintenance assessments and the debt assessments to fund the budget. He noted that it authorized GMS to send the assessment roll to the tax collector so the amounts would appear on residents’ annual tax bills. Mr. Haber stated that he was happy to answer any questions about either resolution.
The Board discussed the FY26 budget and whether any changes were needed before adoption. A Board member raised concerns about the capital reserves. He stated that some stormwater assets had initially been included in the HOA’s reserve study, and the CDD hadn’t increased its funding to cover them. Ms. Giles added that the CDD didn’t have its own reserve study, but the current budget included a capital transfer of about $55,600, which was slightly higher than last year’s $50,000. The Board had reviewed how carry-forward balances and reserve contributions worked. They confirmed that unspent funds rolled over each year and that upcoming expenses would draw from the reserve. They discussed the long-term need to plan for stormwater repairs anticipated around 2031. They agreed it would be beneficial to get proposals for a formal

capital reserve study to project future funding needs. Ms. Giles asked for a motion to approve Resolution 2025-04, which approved the FY26 budget.

On MOTION by Mr. Kelley, and seconded by Ms. Brown, with all in favor, Resolution 2025-04, Relating to the Annual Appropriations and Adopting the Budget for Fiscal Year 2026, was approved.

Consideration of Resolution 2025-05, Imposing Special Assessments and Certifying an Assessment Roll for Fiscal Year 2026
Ms. Giles stated that Mr. Haber had explained that it was the one who allowed the county to place the assessments on the tax rolls. There were no questions or comments, and a motion to adopt the resolution was made.

On MOTION by Ms. Brown, and seconded by Mr. Pudner, with all in favor, Resolution 2025-05, Imposing Special Assessments and Certifying an Assessment Roll for Fiscal Year 2026, was approved.

SIXTH ORDER OF BUSINESS	Innovative Maintenance Report
Ms. Giles stated that the Board had reviewed the Innovative maintenance report for the front entrance fountain. She added that it included before-and-after photos showing the treatment results. Ms. Sweeting confirmed that it referred to the front fountain. She said that the chlorine inner drain valve had been dripping, but that part was replaced earlier in June after the fountain went dry. The repair was minor. Ms. Giles noted that no motion was needed; it was for Board discussion only.

SEVENTH ORDER OF BUSINESS	Other Business
Ms. Giles presented that a Board member had asked for an update on the two fountains being installed. Ms. Giles said the electrical work was finished and that, weather permitting, installation was expected that Friday. The Board discussed how to communicate the update to residents. Ms. Giles stated that CDD-related updates are usually shared in the newsletter rather than through HOA e-blasts to keep the two separate. They also wanted to avoid stirring up complaints from residents who might question why only certain ponds were getting fountains. The Board agreed to keep the communication low-key or skip it from the newsletter, since people

would notice once the fountains were installed. Ms. Giles added that they were aware of the reason behind the two selected ponds and that the CDD had documentation to support the decision. Ms. Giles noted that the two fountains were being installed as a test before considering additional ones. The discussion ended with some light joking about not wanting assessments to increase if more fountains were added.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Haber had nothing further to report. He offered to take questions.

Engineer
Ms. Giles stated that the District engineer was not present, but offered to take any questions or comments on his behalf.

Manager
Discussion of Fiscal Year 2026 Meeting Schedule
Ms. Giles stated that the next meeting would be on November 14, 2025, at 10:00 am., February 20, 2026, May 15, 2026, and August 21, 2026,

On MOTION by Mr. Kelley, and seconded by Ms. Brown, with all in favor, the Fiscal Year 2026 Meeting Schedule was approved.

Goals & Objectives
Ms. Sweeting and Mr. Pudner reviewed the statutory requirements and developed the FY25 goals and objectives for the District. The Board discussed that these needed to be measured by December 1 and posted on the website. The goals were kept simple since the District was already meeting its administrative obligations effectively. During the review, they focused on the goal of holding at least 5 Board meetings. Since the District typically held four meetings, the Board decided to revise that language to say “at least two meetings” per year to reflect the minimum required for budget adoption and approval. The Board agreed that the goals could be adjusted each year as needed. The Board then made and approved a motion to adopt the FY25 goals and objectives as amended.

On MOTION by Mr. Forshey-Friedman, and seconded by Mr. Kelley, with all in favor, the Goals and Objectives were approved.

First Choice Aquatics
Ms. Giles and Ms. Sweeting had nothing to report.

NINTH ORDER OF BUSINESS	Supervisors’ Requests
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Audience Comments
There being no members of the public present, there were no comments; the next item followed.

ELEVENTH ORDER OF BUSINESS	Financial Reports
Balance Sheet as of June 30, 2025, and Statement of Revenues & Expenditures
Ms. Giles noted the financials are through June 30, 2025. She stated they are in good financial shape.

Assessment Receipt Schedule
Ms. Giles stated that the District is 100% collected.

Approval of Check Register
Ms. Giles stated that the check register for the months of April, May, and June in the amount of $60,634.92 is in the agenda package for Board consideration. She stated that she could answer any questions, then asked for a motion to approve.

On MOTION by Mr. Kelley, and seconded by Mr. Forshey- Friedman, all in favor, the Check Register, was approved.

TWELFTH ORDER OF BUSINESS	Next Scheduled Meeting, November 14, 2025
Ms. Giles stated the next scheduled meeting is November 14, 2025, at 10:00 a.m.

THIRTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Kelley, seconded by Mr. Forshey-Friedman, all in favor, the Meeting was adjourned.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

FOURTH ORDER OF BUSINESS

A.

Isles of Bartram Park CDD St. Johns, Florida

Empowering Financially-Sustainable Communities
Reserve Studies | Structural Integrity Reserve Studies | Pre-Construction Planning

Homeowners Associations Condominium Associations
Active Adult Communities
Community Development Districts (CDD)

Commercial Buildings Schools & Museums
Marinas and Waterfront Religious Facilities

Presented by
Charlie Sheppard PRA, RS, CCI CSheppard@communityadvisors.com 904-303-3275

Visit Our Website!

Table of Contents

3	Introduction

7

Purpose of a Reserve Study
8	Services Offered

9	Scope of Work

10 Terms of Service

13  Contact Us

About Community Advisors
Established in 2009, Community Advisors, based in Jacksonville, Florida, specializes in capital reserve planning and property inspections across the Southern and Mid-Atlantic States. With over 1,000 completed studies, we serve a wide range of properties, including homeowners associations, condominiums, CDD’s, schools, and commercial buildings.

Our Commitment

We provide long-term financial planning to minimize the risk of special assessments and deferred maintenance, helping to protect property values.

Why Choose Us?

Using advanced software, we deliver clear, customized reports with various funding methods. As experienced builders, we understand construction and maintenance needs, ensuring you’re fully prepared to protect your investment.

Our Partnerships

We’re proud members of the Association of Professional Reserve Analysts (APRA), Community Associations Institute (CAI), and the Association of Construction Inspectors (ACI), demonstrating our commitment to industry standards.

Mission and Vision

Mission
Develop a solid relationship with our clients that provides guidance on property maintenance, repair and capital replacements to insure stable and effective reserve funds are available when needed.

Vision
Our forward thinking approach keeps assessments moderate, maintains property values and avoids special assessments or loans.

	

Community Development Districts

Tolomato, (Nocatee) Amelia Concourse Tisons Landing Amelia Walk
South Village Sampson Creek Middle Village Ridgewood Trails Glen St. Johns Bartram Springs Bainbridge

Parkland Preserve Cross Creek
Six Mile Creek Dunes Utility Double Branch
Pine Ridge Plantation Brandy Creek Turnbull Creek Arlington Ridge Magnolia West

Rivers Edge Aberdeen Durbin Crossing St. Johns Forrest Bannon Lakes Deer Run
Trails Southaven Madeira Beach Armstrong

Communities
Hammock Dunes Communities Queens Harbour - Jacksonville, FL The Georgia Club - Statham, GA Corolla Light POA - Corolla, NC
The Landings - Skidaway Island, GA
Beresford Hall Assembly - North Charleston, SC Cumberland Harbour - St. Mary’s, GA
Villas of Nocatee - Jacksonville, Fl Vizcaya HOA - Jacksonville, FL Cimarrone POA - St. Johns, FL
Deercreek Country Club - Jacksonville, FL Deerwood Country Club - Jacksonville, FL Coastal Oaks - Ponte Vedra, FL
Preserve at Summer Beach - Fernandina Bch, FL Amelia Park Neighborhood - Fernandina Bch, FL Amelia Oaks - Fernandina Beach, FL
Coastal Oaks Amelia - Fernandina Beach, FL Oyster Bay POA - Fernandina, FL
Oyster Bay Yacht Club - Fernandina, FL Ocean Breeze HOA - Fernandina Beach, FL
The Enclave at Summer Beach - Fernandina Beach, FL RiverPlace at Summer Beach - Fernandina Beach, FL Amelia National - Fernandina, FL

Condominiums
Carlton Dunes - Amelia Island, FL Spyglass Villas - Amelia Island, FL Ocean Club Villas - Amelia Island, FL Sand Dollar Condo - Amelia Island, FL Captain’s Court - Amelia Island, FL Dunes Club Villas - Amelia Island, FL Villas at Summer Bch - Amelia Island, Fl Beachwood Villas - Amelia Island, FL Coastal Cottages - Amelia Island, FL Harrison Cove - Amelia Island, FL Marina San Pablo - Jacksonville, FL Laterra at World Golf - St. Augustine, FL Surf Club III - Palm Coast, FL

The Peninsula - Jacksonville, FL
The Plaza at Berkman Plaza - Jacksonville, FL 1661 Riverside - Jacksonville, FL
Seascape - Jacksonville Beach, FL Southshore Condominium - Jacksonville Beach, FL
Ocean Villas at Serenata Beach - St. Augustine, FL Watermark - Jacksonville Beach, FL
Oceanic Condominium - Jacksonville Beach, FL Ocean 14 Condominium - Jacksonville Beach, FL Serena Point Condominium - Jacksonville Beach, FL Oceania Condominium - Jacksonville Beach, FL Cumberland On Church - Nashville, TN

Active Adult Communities
Del Webb Ponte Vedra - Ponte Vedra, FL Stone Creek by Del Webb - Ocala, FL Villages of Seloy - St. Augustine, FL
Cascades at World Golf Village - St. Augustine, FL The Haven at New Riverside – Bluffton, SC Artisan Lakes – Jacksonville, FL

Religious/Schools
St. Mark’s Episcopal Church - Brunswick, GA Memorial Presbyterian - St. Augustine, FL Grace Mem. Presbyterian - St. Augustine, FL Trinity Episcopal Church - St. Augustine, FL St. Mark’s Towers - Brunswick, GA
Isle of Faith Methodist - Jacksonville, FL Deermeadows Baptist - Jacksonville, FL Frederica Academy - St. Simons Island, GA Fishburne Military School - Waynesboro, VA The Greenwood School - Jacksonville, FL

PURPOSE OF A RESERVE
STUDY

A Reserve Study Consists of:

Physical Analysis
Onsite evaluation of all components owned or maintained by the Association/District ( roofs, streets, pools, Etc.) to determine component quantity, condition and remaining life. Our years of experience are critical for this step!

Financial Analysis
Creates a long-term plan that provides adequate funding for all reserve component with as moderate contributions as possible.

Following the Plan
Your report is easy to read with a detailed inventory of your major components that we verify with you. This maintains a historic record of replacements that tracks cost and facilitates report updates. We are available to review the report and address any concerns.

Services Offered

	Level I
Full Reserve Study		Level II
Reserve Study Update		Level III
Financial Update		Structural Integrity Reserve Study (SIRS)	
								
Field Observations								
Vist Your Community	
		
		No		
	
Meet Board of Directors/Manager	

Available		
	
Observe Association Assets	

N/A		Specific Components	

Quantify Components	
		Completed in Original Report		Completed in Original Report		Specific Components	
Establish Compoment Inventory	
		Completed in Original Report		Completed in Original Report		
Specific Components	
Determine Component Condition/Remaining Life	

Based on Association Input		
Specific Components	
								
Report Generation								
Apply Component Life Projections	
Typical For Location		
Typical For Location		
Typical For Location		
Typical For Location	
Use Local Replacement Cost	Local Vendor Cost		Local Vendor Cost		Local Vendor Cost		Local Vendor Cost	
General Remaining Life Projections	
Based on Experience		
Based on Experience		
Based on Experience		
Based on Experience	

Test Various Funding Plans	Cash Flow or Component		Cash Flow or Component		Cash Flow or Component		Cash Flow or Component	
Funding Plan	Custom Made		Custom Made		Custom Made		Custom Made	
								
Data Output								
Provide Custom Funding Plan								
Include Various Charts								
Easy to Read Format								
Photos of Major Components								
Report Delivered In PDF File								
CAI & APRA Standards Followed							
Florida Statute Requirements	
								
Support								
Meeting	to	Review	Report Subject to Availability	

Phone/Video Support available								
A Report Revision Included								
Your Report Stored in Our Data Base								
24/7 Support								

SCOPE OF WORK

August 21, 2025

Isles of Bartram Park CDD
475 West Town Place, Suite 114 St. Augustine, Florida 32092

Attn: District Supervisors

Our scope of work includes producing an new reserve study that includes a site visit to observe major component condition, determine replacement cost and life projections. Components include: stormwater system, waterfall/pond entry feature, entry road to gates.

Charles R. Sheppard RS PRA CCI
President & Reserve Analyst

Physical Analysis
The site visit includes meeting with your representative to discuss any maintenance or operational concerns. We observe major components to determine quantity, age, condition and remaining useful life. Quantities are determined by field measurement and internet measurement tools or aerial measurement services.
Building walls, trim and other features are observed from ground level. Flat roofs are observed only if safe fixed stair access is available. Pitched roofs are observed from ground level. Building Systems are not operated.
Underground components or utility lines are not evaluated, however, allowances for replacement can be included. Upon completion of the site visit, an inventory of major components is established which includes quantity, replacement cost and remaining useful life. We recommend you review this information and provide historical costs and previous replacement time for any components.
CA assumes the accuracy of any information and data that you provide, without CA performing any independent verification of the information and data provided.
You agree to provide CA with all available documents and information, including but not limited to, historical and financial information, the governing documents, and any other information requested and deemed necessary to complete the inspection and report of your property. You also agree to provide CA with access to all common areas of the property.
Financial Analysis
A review of your current funding plan is completed to determine fund status and performance. We provide a funding plan using the Cash Flow Method (pooled cash) with a funding goal of adequate funding which keeps reserves above a percent funded or balance threshold level. If component funding (line item) is used, then full funding is the funding goal.
Your Reserve Study Includes
Executive summary with current funding status, fund balances and assumptions.
Cash Flow includes a 30-Year cash flow projection or a one-year component funding projection. Inventory of major components with replacement cost, useful and remaining life projections.
Various charts and photographs of major components.
Completed Report is sent via email in a PDF file. Printed & bound copies available at additional cost.
CA’s report contains opinions of estimated replacement costs or deferred maintenance expenses and remaining useful lives, which are neither a guarantee of the actual costs or expenses of replacement or deferred maintenance nor a guarantee of remaining useful lives of any property element.
Your use of the report issued is limited to only its stated purposes. You acknowledge that CA is the exclusive owner of all intellectual property rights in and relating to its report. You hereby acknowledge that any use or reliance by you on the report for any unauthorized purpose is at your own risk and that you will be liable for the consequences of any unauthorized use or distribution of the report. Use or possession of the report by any unauthorized third party is prohibited. You may show the report in its entirety to the following third parties: members of your organization (including your directors, officers, members, tenants and prospective purchasers), your accountants, attorneys, financial institutions and property managers who need to review the information contained herein, and any other third party who has a right to inspect the report under applicable law including, but not limited, to any government entity or agency, or any utility companies. Without the written consent of CA, you shall not disclose the report to any other third party. By engaging our services, you agree that the report contains intellectual property developed and owned solely by CA and agree that you will not reproduce or distribute the report to any party that conducts reserve studies.

Payment Agreement and Terms
One revision with limited adjustments is included for your report after your review within 30 days of issue. Additional revisions are invoiced for $350.00 per issue. One site visit with a meeting is included. Additional site visits are invoiced at $500.00 plus travel expenses each.
To maintain excellent customer service and the requested delivery schedules CA asks that your acceptance of this proposal is made within 30 days. Signed proposals received after 30 days are subject to revision of delivery time and cost. If indicated a deposit fee may be required with the signed agreement to place your project in our production schedule and begin your study. A progress payment may be requested upon completion of the site visit depending on the size of the project. The remaining fee is due on receipt of the report. Payments not received 30 days after the invoice date are assessed at 1.5% interest per month. After 90 days have passed, due payments will be subject to additional charges for collection including attorney fees and other reasonable costs incurred by CA. Returned checks will be invoiced at $25.00 each.
CA’s financial analysis is based on information provided by you, which CA assumes is accurate. Your report is a guide to be used for future capital component replacement planning, not a complete property inspection analysis.

Additional Terms
CA performs its services as an independent contractor in accordance with its professional practice standards and its compensation is not contingent upon its conclusions.
CA cannot and shall not provide an opinion on, nor is CA responsible for, your property’s conformity to specific governmental code requirements for fire, building, earthquake, occupancy or otherwise.
CA is not responsible for any conditions that have changed, or changes to your property, between the time of its inspection and the issuance of its report.
CA does not investigate, nor assume any responsibility for, any existence or impact of any hazardous materials or structural defects that are latent or hidden defects that may or may not be present on or within your property.
Except to the extent resulting from CA’s willful misconduct in connection with the performance of its obligations under this Agreement, you agree to indemnify, defend, and hold Community Advisors, LLC and its affiliates, officers, managers, employees, agents, successors and assigns (each, an “CA Party”) harmless from and against (and promptly reimburse each CA Party for) any and all losses, claims, actions, demands, judgments, orders, damages, expenses or liabilities, including, without limitation, reasonable attorneys' fees, asserted against or to which any CA Party may become subject in connection with this engagement, including, without limitation, as a result of any false, misleading or incomplete information which CA relied upon that was supplied by you or others under your direction, or which may result from any improper use or reliance on CA’s report by you or third parties under your control or direction or to whom you provided such report.
THE MAXIMUM LIABILITY (IF ANY) OF COMMUNITY ADVISORS, LLC WITH RESPECT TO THIS AGREEMENT AND COMMUNITY ADVISOR, LLC’S OBLIGATIONS HEREUNDER IS LIMITED TO THE AMOUNT OF FEES ACTUALLY RECEIVED BY COMMUNITY ADVISORS, LLC FROM YOU FOR THE SERVICES AND REPORT PERFORMED BY COMMUNITY ADVISORS, LLC AT YOUR PROPERTY UNDER THIS AGREEMENT, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE. NOTWITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT TO THE CONTRARY, YOU AGREE THAT COMMUNITY ADVISORS, LLC SHALL NOT BE LIABLE FOR ANY GENERAL, DIRECT, SPECIAL, EXEMPLARY, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES.
CA disclaims all representations and warranties whatsoever, express or implied or of any nature, with regard to the services and its report, including without limitation, merchantability or fitness for a particular purpose.
This Agreement shall be governed in all respects by the laws of the state of Florida. Both Parties consent to jurisdiction under the state and federal courts within Duval County, Florida, and the prevailing party shall be entitled to recover all cost, fees, and expenses incurred in such action from the other party.

Waiver of Jury Trial. The Parties knowingly and intentionally, irrevocably and unconditionally, waive any and all right to a trial by jury in any litigation arising out of or concerning this Agreement.
Should any portion of this Agreement be deemed unenforceable by a court of competent jurisdiction, the remaining portions shall remain unaffected and be interpreted as if such unenforceable portions were initially deleted.
If CA is ever, at any time in the future, called and/or required to be a witness; to answer discovery in any formal legal action; to provide deposition testimony; to provide testimony at trial; to make any filings in a legal proceeding; to provide information, respond in writing, or to communicate formally with any governmental entity or judicial forum; to participate in any mediation or arbitration; or to otherwise participate in any legal proceeding due to CA’s services and/or written reports provided to you, then you agree to reimburse CA for its time at a rate of $200.00 per hour for each hour that CA, including any employees, must dedicate to such matter, issue, or event. CA will provide you with an invoice for its time dedicated to such matter, issue, or event, and payment is due from you 30 days after the invoice date. Payments not received 30 days after the invoice date are assessed 1.5% interest per month. After 90 days have passed, due payments will be subject to additional charges for collection including attorney fees and other reasonable costs incurred by CA. Returned checks will be invoiced at $25.00 each.
This Agreement constitutes the entire agreement of the Parties with respect to the scope of work and supersedes all prior agreements, both written or oral, made or entered into by the Parties. Neither party has relied upon any representation not contained in this Agreement. This Agreement may not be amended or modified in any way except by an instrument in writing executed by each party.
This Agreement is not assignable by either party.
Neither party is liable to the other for any failure to perform due to causes beyond its reasonable control including, but not limited to, acts of God, acts of civil authorities, acts of military authorities, riots, acts of nature and natural disasters, embargo, fire, flood, pandemic and other acts which may be due to unforeseen circumstances, provided, however, that you shall not be relieved from your obligations to make any payment(s) to CA when due hereunder. This Agreement is made solely and specifically between, and for the benefit of, the Parties hereto, and no other person shall have any rights, interest or claims hereunder or be entitled to any benefits under or on account of this Agreement as a third-party beneficiary or otherwise. You hereby for yourself and other parties claiming under you, release and discharge CA from and against all claims arising from the hazards covered by your insurance, it being expressly agreed and understood that no insurance company or insurer will have any right of subrogation against CA.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together will constitute one and the same instrument. Facsimile, e-mail, or other electronic transmission and electronic signatures are acceptable to bind the Parties.

This Agreement for consulting services is accepted on the below-listed date and by your signature below

Professional Fee:

$2,800.00

Deposit Required:

N/A

Name Of District: 	

Authorized Signature: 	Title: 	

Printed Name: 	Date: 	

Phone Number: 		Email: 	

Community Advisors, LLC - 10459 Hunters Creek Court - Jacksonville Florida 32256 - (904) 303-3275

Lets Partner!

Established in 2009

Charlie Sheppard PRA, RS, CCI CSheppard@communityadvisors.com 904-303-3275

Visit Our Website!

B.

PREPARED FOR:
Isles of Bartram Park Community Development

Reserve Study Proposal

PREPARED BY:
Paul Grifoni, PRA, RS
Engineer
Reserve Specialist, RS Professional Reserve Analyst, PRA Licensed Home Inspector

Custom Reserves
5470 E Busch Blvd., Unit 171
Tampa, Fl 33617
Office: (888) 927-7865
Fax: (813) 200-8448
www.CustomReserves.com

Sarah Sweeting
District Manager

Isles Of Bartram Park Community Development District Reference #1566

Thomas Ivy Blvd Saint Johns, FL
Dear Board of Supervisors:
Thank you for the opportunity to be of service to your community. Custom Reserve’s takes great pride in our work and in helping all our clients navigate through the Reserve Study process.

A Reserve Study is a key financial planning tool that helps Management and the Board in maintaining the common property components and planning for the future.

Included in Your Reserve Study:
Excellent communication with our team. Custom Reserve’s listen to its clients’ concerns. From the timing of the inspection and report delivery to the financial or physical aspects of the community, Custom Reserve’s always listen and hear your concerns.
Industry-leading experience in all varieties of associations, community development districts, cooperatives commercial properties, and more! With over 25 years of experience in the industry, Custom Reserve’s take the guess work out of budget season.
Timely contract completion is a must. Custom Reserve’s understands how important your receivables can be for budget and community meetings. Custom Reserve’s takes great care in saying what it means and meaning what is said when it comes to delivery.
Accuracy in results. The results depicted in a reserve study are only as good as the estimates of useful life, replacement cost and age of the individual components. More experience leads to greater accuracy in our product.
Relationship-building is paramount. A reserve study should be updated periodically to keep up to date with changes in construction costs, inflation and interest rate, and new technology. Custom Reserve’s puts our client relationships at the forefront of our core values.

Benefits of a Custom Reserves Report

Proper and accurate reserve planning for the future

Increased awareness of upcoming major property repairs and replacements
Maximized property and re-sale values when adequately funded
Increased likelihood of loans being granted by lenders when adequately funded
Decreased stress in knowing that a special assessment is not looming around the corner!

Florida Clients Served

Report Content and Data Visualization

Objectives
Conduct an on-site inspection of the common property, document condition and forecast a customized funding plan required to replace or repair these elements as they wear out over the course of their useful lives.
Scope of Services
An on-site meeting with Management and/or the Board.
Physical Analysis that includes an on-site inspection of the common property documented by photographs.
30-year replacement/repair schedule that includes custom useful lives.
Financial Analysis with a 30-year Cash Flow and/or Component method of funding.
Electronic copy in PDF format of the Reserve Study that includes a detailed narrative including tables, graphs and charts depicting the findings.
Expenditures and Funding Plan in Excel upon request.
One hard copy of the Full Reserve Study upon request.
Free unlimited phone and online support.
One revision of the study up to the end of the current fiscal year.

Affiliations
Our services are provided by an Engineer with reserve study credentials from the Association of Professional Reserve Analysts (APRA) and Community Associations Institute (CAI). Additional qualifications include a Licensed Home Inspector with the Florida Association of Building Inspectors, construction management experience including estimating and scheduling.
Custom Reserves experience includes inspection and condition analysis of hundreds of communities. A partial list of relevant experience is included on the last page.

When the Reserve Study is complete, your community will have access to live support and edit capability until the budget is approved. These revisions include adjustments to variables such as costs, times of replacement, inflation, and interest rates.
Cost estimates are based on localized information gathered from resources that include, but are not limited to, local vendors and industry databases, combined with experience in home building, site development and actual data gathered from conducting thousands of reserve studies, collectively. Useful lives are generated from several factors such as environment, construction materials and historical information.
Client Responsibilities
This project requires involvement by your accounting personnel. To help achieve a smooth and successful implementation, it will be your responsibility to perform the following:
Include a copy of the financial statements i.e. (balance sheet, income statement and/or copy of the annual budget along with other financial reports.)
Supply the governing documents if applicable.
Provide access to all common areas.
Disclose known historical information.
Report Use
You may show our report in its entirety to those third parties who need to review the information contained herein. The Client and other third parties viewing this report should not reference Custom Reserves or our report, in whole or in part, in any document prepared and/or distributed to third parties without our written consent. This report contains intellectual property by Custom Reserves, LLC specified to this engagement.
Client agrees to indemnify and hold harmless Custom Reserves against any and all loses, claims, actions, damages, expenses or liabilities, including attorney’s fees, to which Custom Reserves may become subject in connection with this engagement, because of any false, misleading or incomplete information supplied by client or third parties under client’s control or direction.
The inspection and analysis of the subject property is limited to visual observations and is noninvasive. Custom Reserves does not investigate, nor assume any responsibility for any existence or impact of any hazardous materials, structural, latent or hidden defects which may or may not be present on or within the property. Our opinions of estimated costs and remaining useful lives are not a guarantee or a warranty of the common components.
Client Name
Custom Reserves maintains the confidentiality of all conversations, documents provided and the contents of the report, subject to legal or administrative process or proceedings. These conditions can only be modified by written documents executed by both parties.

Components Anticipated to be Included in Your Custom Reserve Study

Component Category  Component Name	
Property Site	Asphalt Pavement | Concrete Flatwork | Irrigation System | Lighting | Pavers | Retaining Walls | Ponds | Storm Water System | Signage	

Confirmation of Services

REF #: 1566

Fee estimates are based on the components summarized in the previous table. The fee for this Full Reserve Study
is	$4,100.

Custom Reserves appreciates the opportunity to be of service. Upon acceptance of this proposal, please sign and return this page along with a fifty percent (50%) retainer payment. We will contact you to schedule a site visit and inspection upon receipt of this payment. The remaining balance will be due upon receipt of the report.
This letter sets forth the understanding of the community and serves as confirmation of services provided by Custom Reserves.
Owner reserves the right to reject any and/or all Proposals received, and to rebid if the Owner deems necessary. Owner is not subject to pay any costs incurred by Vendors in the preparation and submission of their Proposals.
Sincerely,

Paul Grifoni, PRA, RS
Engineer
Reserve Specialist Professional Reserve Analyst Licensed Insurance Adjuster Licensed Home Inspector

5470 E Busch Blvd., Unit 171
Tampa, Fl 33617
Office: (888) 927-7865
Fax: (813) 200-8448
contact@customreserves.com www.CustomReserves.com

Accepted By	Title	Date

Experience
Experience includes condominiums, homeowners associations, planned unit developments, property owner associations, co-operatives and community development districts with construction styles that range from townhouses to hi-rises. Other experience includes specialty establishments such as golf clubs, international properties, vacation ownership resorts (timeshares) as well as worship, retreat and camp facilities.
A partial list of recent reserve study experience follows below:

Tradewinds is an apartment style development built in 1974, located in St. Augustine, FL and is responsible for the common elements shared by 60 owners within five three-story buildings. The development also contains a clubhouse, pool, dock, dune walkover and sea wall. Sullivan Ranch is a planned unit development located in Mount Dora, Florida and is responsible for the common components shared by 692 homes established in 2006. The Association is also responsible for the replacement of the roofs and painting of a Service Area that comprises 34 Villas and 32 Garden units. The development contains clubhouse, pool and property site components.
Somerset Community Development District Is a local unit of special purpose government located within Walton County, Florida established by the county in 2005. The District has constructed and/or acquired certain public infrastructure within the Alys Beach Community developed by EBSCO Gulf Coast Development, Inc. The development also contains other property site components such as a beach dune, irrigation system and street pavers.
The Gallery Homes of Tapestry Park Is a commercial condominium located in Jacksonville FL built in 2008 and responsible for the common elements shared by 21 homes and 12 retail units within 3 three-story buildings.
Harbor Bay Community Development District owns and operates the community areas of Mira Bay in Apollo Beach FL including common areas, recreational facilities, public roadways, storm water management systems, street lighting, landscaping, clubhouse with café, lap pool, waterslide, clay tennis courts 35,000 linear feet of sea wall, boatlifts.

C.

Property Wellness
Reserve Study Program Proposal Level I Reserve Study
Isles of Bartram Park Community Development District
Fruit Cove, Florida

Michael Silvares, Account Specialist (813) 536-7198
michael@reserveadvisors.com

Reserve Advisors
Your Property Wellness Consultants

Our Property Wellness Reserve Study Program
Your home is the most expensive personal property you will ever own. The responsibility for preserving its value reaches beyond your home to include the spaces you share with your neighbors. Structures, systems, streets and amenities must be maintained to protect the value of your investment. But the required responsibility often stretches beyond individual knowledge and expertise. That’s why associations turn to Reserve Advisors. As your property wellness consultants, our reserve study helps associations understand their assets, expected lifespans, and both the budgets and maintenance needed to keep them in great working order.

A Proactive Property Wellness Program
Our engineers provide a thorough evaluation of your property and shared assets, and create a strong, informed plan to maximize your community’s physical and financial wellness for the long haul. Because proactive care ensures that your shared property is cared for the way you would care for your home. We have been helping communities thrive for over 30 years. But the job we are obsessed with is making sure you and your neighbors have what you need to protect your property today and prevent costly and avoidable repairs tomorrow. It is the best way to care for the place that makes you feel welcome, safe, secure and proud.

Helping Communities Thrive for Over 30 Years

With a team of 60+ engineers whose engineering backgrounds include civil, structural, mechanical, and more, we have over 350 years of combined experience conducting reserve studies for common interest realty associations nationwide. Our service area is one of the largest in the industry, and we pride ourselves on delivering unbiased recommendations that give communities the plans they need to ensure the future well-being of the property.

Industry Leadership

We were instrumental in pioneering the Community Association Institute's (CAI) Reserve Study Standards, and were influential in revising these standards in 2023 through our participation in an industry task force. This diverse group included reserve specialists, professional managers, community board members, attorneys, and accountants. Additionally, we continue to shape best practices in the field through active involvement with the Foundation for Community Association Research (FCAR), including chairing the Reserve Study Best Practices Report.

As a national member of CAI, we are actively involved in over 30 chapters nationwide, regularly supporting the organization's members through structured education, speaking engagements, and publications for managers and board members. Our leadership team members, Michelle Baldry and Matt Kuisle, are board members of FCAR and CAI, respectively. In addition to complying with legislative requirements specific to reserve studies, we are compliant with and/or accredited by:

Association of Professional Reserve Analysts (APRA)
Community Associations Institute (CAI)
American Institute of Certified Public Accountants (AICPA)

Your Trusted Neighborhood Partner

Hear What Our Clients Say

"Lisa Pham was amazing to work with throughout the reserve study process. She has been quick to respond to any and all questions our Board of Directors had, and her in-depth answers were well received by our Unit Owners during our monthly board meeting. Lisa's presentation exceeded our expectations, and we look forward to working with her again in the future."
Afsheen Awan, General Manager
Lexington Square Condominiums

"I greatly appreciated Reserve Advisors' level of engagement with our HOA officers throughout the entire process from our initial meeting, through their site visit and the publication of our study. Fred was very thorough and detailed and he addressed all our concerns and issues as well as presented solid, realistic, and executable recommendations."
James Holland, Vice President & Treasurer
Fallstone of Alexandria Homeowners Association

Level I Full Reserve Study

We are proposing a Level I Full Reserve Study. This service involves developing a component list and quantification of each item - a crucial aspect often overlooked by unqualified providers. This service is suitable for communities that have never undergone a reserve study, as well as those contemplating a change in reserve study providers. Conducting a Level I Reserve Study allows us to not only verify the accuracy of the component inventory and related quantities/measurements with certainty - the foundation of any reserve study - but to also present capital planning recommendations with unwavering confidence.

Property Wellness Reserve Study Program

Reserve Advisors will perform a Level I Reserve Study in accordance with Community Associations Institute (CAI) National Reserve Study Standards. Your reserve study is comprised of the following:
Physical Analysis: The reserve study consultant will develop a detailed list of reserve components, also known as a component inventory, and related quantities for each. We will complete a condition assessment or physical evaluation for each reserve component and the current condition of each will be documented with photographs. Life and cost estimates will be performed to determine estimated useful lives, remaining useful lives and current cost of repair or replacement.

Financial Analysis: The reserve study consultant will identify the current reserve fund status in terms of cash value and prepare a customized funding plan. The funding plan outlines recommended annual reserve contributions to offset the future cost of capital projects over the next 30 years.

Property Description
Isles of Bartram Park Community Development District comprises the following reserve components:

Streets and Curbs, Irrigation System, Monuments, Landscaping, Pond(s), and other property specifically identified that you’d like us to include.

Scope of work includes all property owned-in-common as defined in your association’s declaration and other property specifically identified that you’d like us to include.

Key Elements of Your Property Wellness Reserve Study Program

Reserve Advisors' Exclusive Tools
Reserve Advisors’ exclusive tools allow you to make informed decisions to maintain your association’s long- term physical and financial health.

Reserve Expenditures
View your community’s entire schedule of prioritized expenditures for the next 30 years on one easy-to-read spreadsheet.

Funding Plan
Establishes the most stable and equitable recommended annual reserve contributions necessary to meet your future project needs.

Reserve Funding Graph
Highlights your community’s current financial health and provides visibility to your projected cash flow over the next 30 years.

Component Specific Details
Including photographic documentation of conditions, project specific best practices outlining the scope of future projects, and preventative maintenance activities to maximize component useful lives.

Excel Spreadsheets
Empowering you to make more informed decisions by adjusting project schedules, future costs, and annual contributions in real time.

For Confidence in All Decisions

Personalized Experience Guarantee
As your trusted advisor, we are committed to providing clarity on the true cost of property ownership through a comprehensive capital planning solution and unmatched advisory services. If the experience we provide fails to live up to your expectations, contact us at any time for a refund.

Your property is your biggest investment. Here’s why we’re the right partner to protect it.

Full Engagement
It’s our job to understand your specific concerns and to discuss your priorities in order to ensure your experience exceeds expectations.

Detailed Understanding
We will do whatever it takes to ensure you have complete confidence in interpreting and putting into practice our findings and recommendations.

Ongoing Support
Unlike other firms, we provide current and future boards with additional insight, availability to answer questions and guidance well beyond report delivery.

The Time to Protect Your Property's Long-Term Health is Now
This proposal, dated 8/27/2025, for a Reserve Study, is valid for 90 days.

To Start Your Property Wellness Reserve Study Program Today:
Select the service options below to confirm scope of engagement

Service	Price	
Reserve Study (Level I)
This service includes a pre-project meeting to discuss your unique needs and priorities with our engineer. You'll receive: 1) a PDF report with 30-year expenditure and funding plan tables, 2) Excel spreadsheet with formulas, and 3) Complimentary support with implementation of your study and ongoing guidance.	$5,000.00	
We provide ongoing, tailored support—at no additional cost. We’ll meet with you to walk through your study, explain key  recommendations, and answer any questions—ensuring you have the knowledge and confidence to make informed decisions for  your community’s long-term success.	
Total	$5,000.00

Sign below

Signature: 	

Name: 	
For: Isles of Bartram Park Community  Development District

Title: 	 Date: 		 Ref: 253380

Pay 50% retainer. An invoice will be emailed to you upon project authorization.

Mailing Address Reserve Advisors, LLC PO Box 88955
Milwaukee, WI 53288-8926

ACH
Send Remittances to 'accounting@reserveadvisors.com' at time of payment
Checking Account Number: 151391168
Routing Number: 075905787
Financial Institution: First Business Bank
17335 Golf Parkway, Suite 150 | Brookfield, WI 53045

You will receive your electronic report approximately four (4) weeks after our inspection, based on timely receipt of all necessary information from you. Authorization to inspection time varies depending on demand for our services. This proposal, dated 8/27/2025, is valid for 90 days, and may be executed and delivered by facsimile, portable document format (.pdf) or other electronic signature pages, and in any number of counterparts, which taken together shall be deemed one and the same instrument. One complimentary hard copy report is available upon request.

Professional Service Conditions
Our Services - Reserve Advisors, LLC (“RA”) performs its services as an independent contractor in accordance with our professional practice standards and its compensation is not contingent upon our conclusions. The purpose of our reserve study is to provide a budget planning tool that identifies the current status of the reserve fund, and an opinion recommending an annual funding plan, to create reserves for anticipated future replacement expenditures of the subject property. The purpose of our energy benchmarking services is to track, collect and summarize the subject property’s energy consumption over time for your use in comparison with other buildings of similar size and establishing a performance baseline for your planning of long-term energy efficiency goals. The purpose of our Milestone Phase I is to evaluate the structural integrity of the building on the subject property and provide an inspection report summarizing our findings related to structural issues, or lack thereof.
In each case, our inspection and analysis of the subject property is limited to visual observations, is noninvasive and is not meant to nor does it include investigation into statutory, regulatory or code compliance. RA inspects sloped roofs from the ground and inspects flat roofs where safe access (stairs or ladder permanently attached to the structure) is available. Our energy benchmarking services with respect to the subject property is limited to collecting energy and utility data and summarizing such data in the form of an Energy Star Portfolio Manager Report or any other similar report, and hereby expressly excludes any recommendations with respect to the results of such energy benchmarking services or the accuracy of the energy information obtained from utility companies and other third-party sources with respect to the subject property. Our Milestone Phase I inspections are limited to a visual examination of habitable and uninhabitable areas of the building, including the primary structural members and systems. The inspection aims to determine the presence of substantial structural deterioration, and unsafe or dangerous conditions with the structure. The reserve report, Milestone Phase I report, and any energy benchmarking report (i.e., any Energy Star Portfolio Manager Report) (including any subsequent revisions thereto pursuant to the terms hereof, collectively, the “Report”) are based upon a “snapshot in time” at the moment of inspection. RA may note visible physical defects in the Report. The inspection is made by employees generally familiar with real estate and building construction. Except to the extent readily apparent to RA, RA cannot and shall not opine on the structural integrity of or other physical defects in the property under any circumstances. Without limitation to the foregoing, RA cannot and shall not opine on, nor is RA responsible for, the subject property’s conformity to specific governmental code requirements for fire, building, earthquake, occupancy or otherwise.
RA is not responsible for conditions that have changed between the time of inspection and the issuance of the Report. RA does not provide any invasive testing whatsoever (including, without limitation, on any mechanical systems that provide energy to the property), nor can RA opine on any system components that are not easily accessible during the inspection. RA does not investigate, nor assume any responsibility for any existence or impact of any hazardous materials, such as asbestos, urea-formaldehyde foam insulation, other chemicals, toxic wastes, environmental mold or other potentially hazardous materials or structural defects that are latent or hidden defects which may or may not be present on or within the property. RA does not make any soil analysis or geological study as part of its services, nor does RA investigate vapor, water, oil, gas, coal, or other subsurface mineral and use rights or such hidden conditions, and RA assumes no responsibility for any such conditions. The Report may contain opinions of estimated replacement costs or deferred maintenance expenses and remaining useful lives, which are neither a guarantee of the actual costs or expenses of replacement or deferred maintenance nor a guarantee of remaining useful lives of any property element.
RA assumes, without independent verification, the accuracy of all data provided to it. Except to the extent resulting from RA’s willful misconduct in connection with the performance of its obligations under this agreement, you agree to indemnify, defend, and hold RA and its affiliates, officers, managers, employees, agents, successors and assigns (each, an “RA Party”) harmless from and against (and promptly reimburse each RA Party for) any and all losses, claims, actions, demands, judgments, orders, damages, expenses or liabilities, including, without limitation, reasonable attorneys' fees, asserted against or to which any RA Party may become subject in connection with this engagement, including, without limitation, as a result of any false, misleading or incomplete information which RA relied upon that was supplied by you or others under your direction, or which may result from any improper use or reliance on the Report by you or third parties under your control or direction or to whom you provided the Report. NOTWITHSTANDING ANY OTHER PROVISION HEREIN TO THE CONTRARY, THE AGGREGATE LIABILITY (IF ANY) OF RA WITH RESPECT TO THIS AGREEMENT AND RA’S OBLIGATIONS HEREUNDER IS LIMITED TO THE AMOUNT OF THE FEES ACTUALLY RECEIVED BY RA FROM YOU FOR THE SERVICES AND REPORT PERFORMED BY RA UNDER THIS AGREEMENT, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE. YOUR REMEDIES SET FORTH HEREIN ARE EXCLUSIVE AND ARE YOUR SOLE REMEDIES FOR ANY FAILURE OF RA TO COMPLY WITH ITS OBLIGATIONS HEREUNDER OR OTHERWISE. RA SHALL NOT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, ANY LOST PROFITS AND LOST SAVINGS, LOSS OF USE OR INTERRUPTION OF BUSINESS, HOWEVER CAUSED, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), BREACH OF WARRANTY, STRICT LIABILITY OR OTHERWISE, EVEN IF RA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL RA BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES. RA DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED OR OF ANY NATURE, WITH REGARD TO THE SERVICES AND THE REPORT, INCLUDING, WITHOUT LIMITATION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Professional Service Conditions - Continued
Report - RA will complete the services in accordance with the Proposal. The Report represents a valid opinion of RA’s findings and recommendations with respect to the reserve study or Milestone Phase I, as applicable, and is deemed complete. RA will consider any additional information made available to RA within 6 months of issuing the Report and issue a revised Report based on such additional information if a timely request for a revised Report is made by you. RA retains the right to withhold a revised Report if payment for services was not tendered in a timely manner. All information received by RA and all files, work papers or documents developed by RA during the course of the engagement shall remain the property of RA and may be used for whatever purpose it sees fit. RA reserves the right to, and you acknowledge and agree that RA may, use any data provided by you in connection with the services, or gathered as a result of providing such services, including in connection with creating and issuing any Report, in a de-identified and aggregated form for RA’s business purposes.
Your Obligations - You agree to provide us access to the subject property for an inspection. You agree to provide RA all available, historical and budgetary information, the governing documents, and other information that we request and deem necessary to complete the Report.
Additionally, you agree to provide historical replacement schedules, utility bills and historical energy usage files that RA requests and deems
necessary to complete the energy benchmarking services, and you agree to provide any utility release(s) reasonably requested by RA permitting RA to obtain any such data and/or information from any utility representative or other third party. You agree to pay actual attorneys’ fees and any other costs incurred to collect on any unpaid balance for RA’s services.
Use of Our Report and Your Name - Use of the Report is limited to only the purpose stated herein. You acknowledge that RA is the exclusive owner of all intellectual property rights in and relating to the Report. You hereby acknowledge that any use or reliance by you on the Report for any unauthorized purpose is at your own risk and that you will be liable for the consequences of any unauthorized use or distribution of the Report.
Use or possession of the Report by any unauthorized third party is prohibited. The Report in whole or in part is not and cannot be used as a design specification for design engineering purposes or as an appraisal. You may show the Report in its entirety to the following third parties: members of your organization (including your directors, officers, tenants and prospective purchasers), your accountants, attorneys, financial institutions and property managers who need to review the information contained herein, and any other third party who has a right to inspect the Report under applicable law including, but not limited, to any government entity or agency, or any utility companies. Without the written consent of RA, you shall not disclose the Report to any other third party. By engaging our services, you agree that the Report contains intellectual property developed (and owned solely) by RA and agree that you will not reproduce or distribute the Report to any party that conducts reserve studies without the written consent of RA.
RA will include (and you hereby agree that RA may include) your name in our client lists. RA reserves the right to use (and you hereby agree that RA may use) property information to obtain estimates of replacement costs, useful life of property elements or otherwise as RA, in its sole discretion, deems appropriate.
Payment Terms, Due Dates and Interest Charges - The retainer payment for any reserve study, Milestone Phase I inspection, and/or combined services is due upon execution of this agreement and prior to the inspection by RA, and any balance is due net 30 days from the Report shipment date. If only energy benchmarking services are performed by RA, then the retainer payment is due upon execution of this agreement and any balance is due net 30 days from the Report shipment date. In any case, any balance remaining 30 days after delivery of the Report shall accrue an interest charge of 1.5% per month. Unless this agreement is earlier terminated by RA in the event you breach or otherwise fail to comply with your obligations under this agreement, RA’s obligations under this agreement shall commence on the date you execute and deliver this agreement and terminate on the date that is 6 months from the date of delivery of the Report by RA. Notwithstanding anything herein to the contrary, each provision that by its context and nature should survive the expiration or early termination of this agreement shall so survive, including, without limitation, any provisions with respect to payment, intellectual property rights, limitations of liability and governing law. We reserve the right to limit or decline refunds in our sole discretion. Refunds vary based on the applicable facts and circumstances.
Miscellaneous – Neither party shall be liable for any failures or delays in performance due to fire, flood, strike or other labor difficulty, act of God, act of any governmental authority, riot, embargo, fuel or energy shortage, pandemic, wrecks or delays in transportation, or due to any other cause beyond such party’s reasonable control; provided, however, that you shall not be relieved from your obligations to make any payment(s) to RA as and when due hereunder. In the event of a delay in performance due to any such cause, the time for completion or date of delivery will be extended by a period of time reasonably necessary to overcome the effect of such delay. You may not assign or otherwise transfer this agreement, in whole or in part, without the prior written consent of RA. RA may freely assign or otherwise transfer this agreement, in whole or in part, without your prior consent. This agreement shall be governed by the laws of the State of Wisconsin without regard to any principles of conflicts of law that would apply the laws of another jurisdiction. Any dispute with respect to this agreement shall be exclusively venued in Milwaukee County Circuit Court or in the United States District Court for the Eastern District of Wisconsin. Each party hereto agrees and hereby waives the right to a trial by jury in any action, proceeding or claim brought by or on behalf of the parties hereto with respect to any matter related to this agreement.

Fairway Townhome Association

January 1, 2025	•	Madison, USA	
FULL RESERVE STUDY	

Reserve Advisors, LLC 735 N. Water Street, Suite 175
Milwaukee, WI 53202

Fairway Townhome Association Madison, USA

Dear Board of Directors of Fairway Townhome Association:
At the direction of the Board that recognizes the need for proper reserve planning, we have conducted a Full Reserve Study of Fairway Townhome Association in Madison, USA and submit our findings in this report. The effective date of this study is the date of our visual, noninvasive inspection, January 1, 2025.
This Full Reserve Study exceeds the Association of Professional Reserve Analysts (APRA) standards fulfilling the requirements of a “Level I Full Reserve Study.”
An ongoing review by the Board and an Update of this Reserve Study are necessary to ensure an equitable funding plan since a Reserve Study is a snapshot in time. We recommend the Board budget for an Update to this Reserve Study in two- to three-years. We look forward to continuing to help Fairway Townhome Association plan for a successful future.
As part of our long-term thinking and everyday commitment to our clients, we are available to answer any questions you may have regarding this study.
Respectfully submitted on January 23, 2025 by:
Reserve Advisors, LLC
Visual Inspection and Report by: RESERVE ADVISORS ENGINEER Review by: DIRECTOR OF QUALITY ASSURANCE, RS1, PRA2

Our report and experience backed by our Personalized Experience Guarantee.
Our trusted advisors work with you to tailor a reserve study that ensures clarity on the true cost of property ownership, providing you with peace of mind and expert guidance every step of the way.

RS (Reserve Specialist) is the reserve provider professional designation of the Community Associations Institute (CAI) representing America's more than 300,000 condominium, cooperative and homeowners associations.
PRA (Professional Reserve Analyst) is the professional designation of the Association of Professional Reserve Analysts. Learn more about APRA at http://www.apra-usa.com.

©2023 Reserve Advisors, LLC. All rights reserved.

Table of Contents
RESERVE STUDY EXECUTIVE SUMMARY	1.1
RESERVE STUDY REPORT	2.1
RESERVE EXPENDITURES and FUNDING PLAN	3.1
RESERVE COMPONENT DETAIL	4.1
Exterior Building Elements	4.1
Gutters and Downspouts, Aluminum	4.1
Roofs, Asphalt Shingles	4.2
Walls, Fiber Cement Siding and Trim	4.7
Walls, Masonry	4.9
Property Site Elements	4.10
Asphalt Pavement, Repaving	4.10
Concrete Sidewalks and Stoops	4.13
Pond, Aerator	4.14
Pond, Erosion Control	4.14
Signage, Entrance Monument	4.16
Reserve Study Update	4.17
METHODOLOGY	5.1
CREDENTIALS	6.1
DEFINITIONS	7.1
PROFESSIONAL SERVICE CONDITIONS	8.1

RESERVE STUDY EXECUTIVE SUMMARY
Client: Fairway Townhome Association (Fairway)
Location: Madison, USA
Reference: 123456

Property Basics: Fairway Townhome Association consists of 34 units in 17 buildings. The community was built from 2007 to 2013.
Reserve Components Identified: 20 Reserve Components.

Inspection Date: January 1, 2025.

Funding Goal: The Funding Goal of this Reserve Study is to maintain reserves above an adequate, not excessive threshold during one or more years of significant expenditures. Our recommended Funding Plan recognizes these threshold funding years in 2030 and 2050 due to the replacement and subsequent replacement of the asphalt shingle roofs, respectively. In addition, the Reserve Funding Plan recommends 2055 year end accumulated reserves of approximately $855,700. We judge this amount of accumulated reserves in 2055 necessary to fund the likely replacement of the fiber cement siding after 2055. These future needs, although beyond the limit of the Cash Flow Analysis of this Reserve Study, are reflected in the amount of accumulated 2055 year end reserves.
Methodology: We use the Cash Flow Method to compute the Reserve Funding Plan. This method offsets future variable Reserve Expenditures with existing and future stable levels of reserve funding. Our application of this method also considers:
Current and future local costs of replacement
2.7% anticipated annual rate of return on invested reserves
3.3% future Inflation Rate for estimating Future Replacement Costs
Sources for Local Costs of Replacement: Our proprietary database, historical costs and published sources, i.e., R.S. Means, Incorporated.
Unaudited Cash Status of Reserve Fund:
$590,000 as of January 1, 2025
2025 budgeted Reserve Contributions of $48,500
A potential deficit in reserves might occur by 2030 based upon continuation of the most recent annual reserve contribution of and the identified Reserve Expenditures.
Project Prioritization: We note anticipated Reserve Expenditures for the next 30 years in the Reserve Expenditures tables and include a Five-Year Outlook table following the Reserve Funding Plan in Section 3. We recommend the Association prioritize the following projects in the next five years based on the conditions identified:
Replacement of the asphalt shingle roofs due to deterioration including loose shingles, weathered shingles and sheathing deflection
Repaving as deferral will result in dangerous road conditions and vehicle damage

concrete flatwork to provide safe egress for residents and t ond shoreline to observed erosion

Repairs to the	heir guests
Repairs to the p	The executive summary puts your
community’s financial roadmap and near-term priorities front and center, making it easy for all stakeholders to quickly understand the community’s financial and physical needs.

Recommended Reserve Funding: We recommend the following in order to achieve a stable and equitable Cash Flow Methodology Funding Plan:
Phased increases of $6,300 each year, from 2026 through 2030
Inflationary increases thereafter through 2055, the limit of this study's Cash Flow Analysis
Initial adjustment in Reserve Contributions of $6,300 represents an average monthly increase of $15.44 per owner and about a five percent (5.3%) adjustment in the 2025 Total Budget of $120,000
Fairway
Recommended Reserve Funding Table and Graph

Year	Reserve Contributions ($)	Reserve Balances ($)	
Year	Reserve Contributions ($)	Reserve Balances ($)	
Year	Reserve Contributions ($)	Reserve Balances ($)	
2026	54,800	682,037	2036	97,100	393,324	2046	134,300	1,488,216	
2027	61,100	659,356	2037	100,300	496,320	2047	138,700	1,323,755	
2028	67,400	433,183	2038	103,600	584,856	2048	143,300	751,358	
2029	73,700	260,315	2039	107,000	678,097	2049	148,000	425,346	
2030	80,000	89,480	2040	110,500	808,397	2050	152,900	84,693	
2031	82,600	108,224	2041	114,100	945,864	2051	157,900	218,793	
2032	85,300	161,698	2042	117,900	1,034,395	2052	163,100	336,184	
2033	88,100	225,130	2043	121,800	1,164,005	2053	168,500	516,036	
2034	91,000	313,334	2044	125,800	1,308,954	2054	174,100	687,081	
2035	94,000	400,278	2045	130,000	1,402,811	2055	179,800	855,729	

2000

1500

1000

500

0

-500

-1000

            
Reserve Expenditures
Recommended Reserve Contributions Year-End Reserve Balances

Threshold reserve funding ensures stable and the most equitable contributions over time, while reducing the risk of inadequate reserve funds over the next 30 years.

RESERVE STUDY REPORT
At the direction of the Board that recognizes the need for proper reserve planning, we have conducted a Full Reserve Study of
Fairway Townhome Association Madison, USA
and submit our findings in this report. The effective date of this study is the date of our
visual, noninvasive inspection, January 1, 2025.
We present our findings and recommendations in the following report sections and spreadsheets:
Identification of Property - Segregates all property into several areas of responsibility for repair or replacement
Reserve Expenditures - Identifies reserve components and related quantities, useful lives, remaining useful lives and future reserve expenditures during the next 30 years
Reserve Funding Plan - Presents the recommended
Reserve Contributions and year-end Reserve Balances for the next 30 years
Five-Year Outlook - Identifies reserve components and anticipated reserve expenditures during the first five years
Reserve Component Detail - Describes the reserve components, includes photographic documentation of the condition of various property elements, describes our recommendations for repairs or replacement, and includes detailed solutions and procedures for replacements for the benefit of current and future board members
Methodology - Lists the national standards, methods and procedures used to develop the Reserve Study
Definitions - Contains definitions of terms used in the Reserve Study, consistent with national standards
Professional Service Conditions - Describes Assumptions and Professional Service Conditions
Credentials and Resources

IDENTIFICATION OF PROPERTY
Our investigation includes Reserve Components or property elements as set forth in your Declaration or which were identified as part of your request for proposed services. The

Section 3 list the elements contained in th the property elements into several areas of

ication helps assure that future boards and serves, the operating budget or Owners fun

Expenditure tables in begins by segregating and replacement.
Our process of identif understand whether re

Identification of property and the responsibility matrix on the following page(s) convey ownership and clarify the funding mechanism for each asset within the community.

is study. Our analysis responsibility for repair

the management team d certain replacements

and assists in preparation of the annual budget. We derive these segregated classes of property from our review of the information provided by the Association and through conversations with Management and the Board. These classes of property include:
Reserve Components
Long-Lived Property Elements
Operating Budget Funded Repairs and Replacements
Property Maintained by Owners
Property Maintained by City of Madison
We advise the Board to conduct an annual review of these classes of property to confirm its policy concerning the manner of funding, i.e., from reserves or the operating budget. Reserve Components are defined by CAI as property elements with:
Fairway responsibility
Limited useful life expectancies
Predictable remaining useful life expectancies
Replacement cost above a minimum threshold

The following tables depict the items excluded from the Reserve Expenditure plan:

Excluded Components	
for	
Fairway	
Townhome Association	
Madison, USA	

Operating Budget Components	
Repairs normally funded through the Operating Budget and Expenditures less than $3,000 (These relatively minor expenditures have a limited effect on the recommended Reserve Contributions.)	
The operating budget provides money for the repair and replacement of certain Reserve Components. The Association may develop independent criteria for use of operating and reserve funds.	
Benches	
Catch Basins, Landscape	
Irrigation System, Controller	
Landscape	
Paint Finishes, Touch Up	
Shutters, Vinyl	

Long-Lived Components	
These elements may not have predictable Remaining Useful Lives or their replacement may occur beyond the scope of this study. The operating budget should fund infrequent repairs. Funding untimely or unexpected replacements from reserves will necessitate increases to Reserve Contributions. Periodic updates of this Reserve Study will help determine the merits of adjusting the Reserve Funding Plan.	

Useful Life	

Estimated Cost	
Electrical Systems, Common	to 70+	N/A	
Foundations	Indeterminate	N/A	
Pipes, Subsurface Utilities	to 85+	N/A	
Structural Frames	Indeterminate	N/A	
Walls, Fiber Cement Siding, Replacement¹	to 50	$651,000	
¹ Includes Soffit and Fascia	

Owners Responsibility Components	
Certain items have been designated as the responsibility of the Owners to repair or replace at their cost, including items billed back.	
Decks	
Electrical Systems (Including Circuit Protection Panels)	
Garage Doors	
Heating, Ventilating and Air Conditioning (HVAC) Units	
Interiors	
Patios	
Pipes (Within Units)	
Stoops (However, at the direction of the Board, we include reserve funds for partial replacements in coordination with sidewalks.)	
Windows and Doors	

Excluded Components	
for	
Fairway	
Townhome Association	
Madison, USA	

City of Madison Responsibility Components	
Certain items have been designated as the responsibility of City of Madison to repair or replace.	
Fences, Split Rail, North Perimeter	
Walking Path	

RESERVE EXPENDITURES and FUNDING PLAN
The tables following this introduction present:

Reserve Expenditures
Line item numbers
Total quantities
Quantities replaced per phase (in a single year)
Reserve component inventory
Estimated first year of event (i.e., replacement, application, etc.)
Life analysis showing
−	useful life
−	remaining useful life
2025 local cost of replacement
−	Per unit
−	Per phase
−	Replacement of total quantity
Percentage of future expenditures anticipated during the next 30 years
Schedule of estimated future costs for each reserve component including inflation
Reserve Funding Plan
Reserves at the beginning of each year
Total recommended reserve contributions
Estimated interest earned from invested reserves
Anticipated expenditures by year
Anticipated reserves at year end
Predicted reserves based on current funding level
Five-Year Outlook
Line item numbers
Reserve component inventory of only the expenditures anticipated to occur within the first five years
Schedule of estimated future costs for each reserve component anticipated to occur within the first five years
The purpose of a Reserve Study is to provide an opinion of reasonable annual Reserve Contributions. Prediction of exact timing and costs of minor Reserve Expenditures typically will not significantly affect the 30-year cash flow analysis. Adjustments to the times and/or costs of expenditures may not always result in an adjustment in the recommended Reserve Contributions.
Financial statements prepared by your association, by you or others might rely in part on information contained in this section. For your convenience, we have provided an electronic data file containing the tables of Reserve Expenditures and Reserve Funding Plan.

Page 3.1 - Reserve Expenditures and Funding Plan

1.761
1.820

34	34 Units

Walls, Trim and Railings, Paint Finishes, Interim

30,200	30,200 Square Feet  Walls, Masonry, Inspections and Repairs

2032	4 to 6	7
2031	10 to 15	6

650.00	22,100
1.25	37,750

22,100
37,750

3.2%
3.1%

27,739

Age, condition, history of repairs and maintenance, and local conditions form the foundation for timing of each capital project.

45,869

Property Site Elements

Years 2025 to 2040
RESERVE EXPENDITURES	Explanatory Notes:
1)	3.3% is the estimated Inflation Rate for estimating Future Replacement Costs.
Fairway	2) FY2025 is Fiscal Year beginning January 1, 2025 and ending December 31, 2025.
Townhome Association	3)   2056+ indicates a component which is considered long-lived	
	Madison, USA	
Estimated	Life Analysis, 	Costs, $	 Percentage
Line	Total	Per Phase			1st Year of		Years		Unit	Per Phase	Total	of Future	RUL = 0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	
Item	Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	(2025)	(2025)	(2025)	Expenditures	FY2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	
				Exterior Building Elements																							
1.140	34	34 Each	Chimney Caps, Metal	2033	to 25	8	500.00	17,000	17,000	0.6%						22,042		
1.240	6,250	2,083 Linear Feet	Gutters and Downspouts, Aluminum, Phased	2028	15 to 20	3 to 5	14.50	30,208	90,625	8.0%		33,299	34,398	35,533				
1.260	68	68 Each	Light Fixtures	2032	to 25	7	90.00	6,120	6,120	0.2%					7,682			
1.280	1,100	367 Squares	Roofs, Asphalt Shingles, Phased	2028	15 to 20	3 to 5	510.00	187,002	561,000	49.5%		206,133	212,935	219,962				
1.759	34	34 Units	Walls, Fiber Cement Siding and Trim, Paint Finishes	2026	8 to 10	1	1,300.00	44,200	44,200	5.2%	45,659						63,172	
1.760	31,000	10,333 Square Feet	Walls, Siding, Fiber Cement, Replacement, Phased (Incl. Soffit and Fascia)	2056	to 50	31 to 30+	21.00	217,000	651,000	0.0%								

4.020	6,650	6,650 Square Yards	Asphalt Pavement, Crack Repair, Patch and Seal Coat	2031	3 to 5	6	1.80	11,970	11,970	4.1%						14,544				16,561				18,858		
4.040	6,305	3,153 Square Yards	Asphalt Pavement, Mill and Overlay, Remaining, Phased	2027	15 to 20	2 to 3	17.50	55,169	110,338	3.2%		58,870	60,813													
4.045	6,650	3,325 Square Yards	Asphalt Pavement, Total Replacement, Phased	2047	15 to 20	22 to 23	37.50	124,688	249,375	13.8%																
4.100	13	7 Each	Catch Basins, Inspections and Capital Repairs, Phased	2027	15 to 20	2 to 3	1,100.00	7,150	14,300	1.2%		7,630	7,881													
4.110	6,200	372 Linear Feet	Concrete Curbs, Partial	2027	to 65	2 to 30+	45.00	16,740	279,000	1.4%		17,863														
4.140	5,670	331 Square Feet	Concrete Sidewalks and Stoops, Partial	2029	to 65	4 to 30+	22.50	7,442	127,575	2.1%				8,474					9,967					11,724		
4.420	1,500	1,500 Square Feet	Irrigation System, Entrance	2048	to 40	23	2.15	3,225	3,225	0.2%																
4.560	12	12 Each	Light Poles and Fixtures	2036	to 25	11	3,000.00	36,000	36,000	1.4%											51,452					
4.600	3	3 Each	Mailbox Stations	2033	to 25	8	2,000.00	6,000	6,000	0.2%								7,780								
4.700	1	1 Each	Pond, Aerator	2027	10 to 15	2	10,000.00	10,000	10,000	0.7%		10,671														
4.710	620	124 Linear Feet	Pond, Erosion Control, Partial	2027	to 10	2 to 30+	50.00	6,200	31,000	0.8%		6,616										9,154				
4.730	2,300	690 Square Yards	Pond, Sediment Removal, Partial	2038	to 30	13 to 30+	28.00	19,320	64,400	0.8%													29,465			
4.800	1	1 Allowance	Signage, Entrance Monument, Renovation	2031	15 to 20	6	5,000.00	5,000	5,000	0.5%						6,075										
			
Anticipated Expenditures, By Year ($3,765,213 over 30 years)								
0	
45,659  101,650	
308,125	
255,806	
255,494	
66,489	
35,421	
29,822	
9,967	
16,561	
114,625	
9,154	
29,465	
30,582	
0	

RESERVE EXPENDITURES
Fairway Townhome Association
	Madison, USA	

1.760
1.761
1.820

31,000	10,333 Square Feet  Walls, Siding, Fiber Cement, Replacement, Phased (Incl. Soffit and Fascia)
34		34 Units	Walls, Trim and Railings, Paint Finishes, Interim 30,200	30,200 Square Feet Walls, Masonry, Inspections and Repairs

2056	to 50	31 to 30+
2032	4 to 6	7
2031	10 to 15	6

21.00	217,000
650.00	22,100
1.25	37,750

651,000
22,100
37,750

0.0%
3.2%
3.1%

38,379

You receive the expenditure and funding plan tables in Excel.
Management and the Board can easily adjust project costs, timelines, and annual funding and see the results in
real-time.

53,101

Property Site Elements

Estimated	Life Analysis, 	Costs, $	 Percentage

Years 2041 to 2055

Line	Total	Per Phase			1st Year of		Years		Unit	Per Phase	Total	of Future	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	
Item	Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	(2025)	(2025)	(2025)	Expenditures	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	2051	2052	2053	2054	2055	
				Exterior Building Elements																						
1.140	34	34 Each	Chimney Caps, Metal	2033	to 25	8	500.00	17,000	17,000	0.6%					
1.240	6,250	2,083 Linear Feet	Gutters and Downspouts, Aluminum, Phased	2028	15 to 20	3 to 5	14.50	30,208	90,625	8.0%		63,743	65,847	68,020	
1.260	68	68 Each	Light Fixtures	2032	to 25	7	90.00	6,120	6,120	0.2%					
1.280	1,100	367 Squares	Roofs, Asphalt Shingles, Phased	2028	15 to 20	3 to 5	510.00	187,002	561,000	49.5%		394,596	407,618	421,069	
1.759	34	34 Units	Walls, Fiber Cement Siding and Trim, Paint Finishes	2026	8 to 10	1	1,300.00	44,200	44,200	5.2%	87,404				

72,264

4.020	6,650	6,650 Square Yards	Asphalt Pavement, Crack Repair, Patch and Seal Coat	2031	3 to 5	6	1.80	11,970	11,970	4.1%			21,473		24,451				27,842				31,703	
4.040	6,305	3,153 Square Yards	Asphalt Pavement, Mill and Overlay, Remaining, Phased	2027	15 to 20	2 to 3	17.50	55,169	110,338	3.2%														
4.045	6,650	3,325 Square Yards	Asphalt Pavement, Total Replacement, Phased	2047	15 to 20	22 to 23	37.50	124,688	249,375	13.8%					254,701	263,106								
4.100	13	7 Each	Catch Basins, Inspections and Capital Repairs, Phased	2027	15 to 20	2 to 3	1,100.00	7,150	14,300	1.2%					14,605	15,087								
4.110	6,200	372 Linear Feet	Concrete Curbs, Partial	2027	to 65	2 to 30+	45.00	16,740	279,000	1.4%					34,195									
4.140	5,670	331 Square Feet	Concrete Sidewalks and Stoops, Partial	2029	to 65	4 to 30+	22.50	7,442	127,575	2.1%				13,791			16,221					19,081		
4.420	1,500	1,500 Square Feet	Irrigation System, Entrance	2048	to 40	23	2.15	3,225	3,225	0.2%						6,805								
4.560	12	12 Each	Light Poles and Fixtures	2036	to 25	11	3,000.00	36,000	36,000	1.4%														
4.600	3	3 Each	Mailbox Stations	2033	to 25	8	2,000.00	6,000	6,000	0.2%														
4.700	1	1 Each	Pond, Aerator	2027	10 to 15	2	10,000.00	10,000	10,000	0.7%		17,366												
4.710	620	124 Linear Feet	Pond, Erosion Control, Partial	2027	to 10	2 to 30+	50.00	6,200	31,000	0.8%					12,665									
4.730	2,300	690 Square Yards	Pond, Sediment Removal, Partial	2038	to 30	13 to 30+	28.00	19,320	64,400	0.8%														
4.800	1	1 Allowance	Signage, Entrance Monument, Renovation	2031	15 to 20	6	5,000.00	5,000	5,000	0.5%								11,258						
			
Anticipated Expenditures, By Year ($3,765,213 over 30 years)								
0	
55,746	
21,473	
13,791	
72,264	87,404  340,617	
743,338	
489,686	
500,347	
27,842	
53,101	
0	
19,081	
31,703	

Reserve Advisors, LLC	Page 1 of 1

Our reports evaluate current reserve funds and return on investments in order to create the most stable recommended annual reserve contributions.

RESERVE FUNDING PLAN

CASH FLOW ANALYSIS
Fairway
Townhome Association	Individual Reserve Budgets & Cash Flows for the Next 30 Years
Madison, USA		FY2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	
Reserves at Beginning of Year	(Note 1)	590,000	655,085	682,037	659,356	433,183	260,315	89,480	108,224	161,698	225,130	313,334	400,278	393,324	496,320	584,856	678,097	
Total Recommended Reserve Contributions	(Note 2)	48,500	54,800	61,100	67,400	73,700	80,000	82,600	85,300	88,100	91,000	94,000	97,100	100,300	103,600	107,000	110,500	
Estimated Interest Earned, During Year	(Note 3)	16,585	17,811	17,868	14,553	9,238	4,659	2,633	3,595	5,153	7,172	9,505	10,571	11,850	14,401	16,823	19,800	
Anticipated Expenditures, By Year	0	(45,659)	(101,650)	(308,125)	(255,806)	(255,494)	(66,489)	(35,421)	(29,822)	(9,967)	(16,561)	(114,625)	(9,154)	(29,465)	(30,582)	0
----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Anticipated Reserves at Year End	$655,085	$682,037	$659,356	$433,183	$260,315	$89,480	$108,224	$161,698	$225,130	$313,334	$400,278	$393,324	$496,320	$584,856	$678,097	$808,397
(NOTE 5)

(continued)	Individual Reserve Budgets & Cash Flows for the Next 30 Years, Continued
2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	2051	2052	2053	2054	2055
Reserves at Beginning of Year	808,397	945,864	1,034,395	1,164,005	1,308,954	1,402,811	1,488,216	1,323,755	751,358	425,346	84,693	218,793	336,184	516,036	687,081	
Total Recommended Reserve Contributions	114,100	117,900	121,800	125,800	130,000	134,300	138,700	143,300	148,000	152,900	157,900	163,100	168,500	174,100	179,800	
Estimated Interest Earned, During Year	23,367	26,377	29,283	32,940	36,121	38,509	37,456	27,641	15,674	6,794	4,042	7,392	11,352	16,026	20,551	
Anticipated Expenditures, By Year	0	(55,746)	(21,473)	(13,791)	(72,264)	(87,404)	(340,617)	(743,338)	(489,686)	(500,347)	(27,842)	(53,101)	0	(19,081)	(31,703)	
----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Anticipated Reserves at Year End	$945,864  $1,034,395  $1,164,005  $1,308,954  $1,402,811  $1,488,216  $1,323,755	$751,358	$425,346	$84,693	$218,793	$336,184	$516,036	$687,081	$855,729
(NOTE 5)	(NOTE 4)

1)

Interested in modeling alternate funding recommendations? The Excel spreadsheets included in your report let you change annual reserve contributions, interest rates, and inflation when creating alternate funding scenarios.

Explanatory Notes:	
Year 2025 starting reserves are as of January 1, 2025; FY2025 starts January 1, 2025 and ends December 31, 2025.	
Reserve Contributions for 2025 are budgeted; 2026 is the first year of recommended contributions.	
2.7%	is the estimated annual rate of return on invested reserves.	
Accumulated year 2055 ending reserves consider the need to fund for replacement of the fiber cement siding shortly after 2055, and the age, size, overall condition and complexity of the property.	
Threshold Funding Years (reserve balance at critical point).	

2)
3)
4)
5)

Reserve Advisors, LLC	*Refer to the Reserve Expenditures pages
for the full list of reserve elements

	FIVE-YEAR OUTLOOK		
	Fairway		
	Townhome Association		
	Madison, USA		

Line			RUL= 0	1	2	3	4	5	
Item	Reserve Component Inventory		FY2025	2026	2027	2028	2029	2030	
	
Exterior Building Elements								
1.240	Gutters and Downspouts, Aluminum, Phased					33,299	34,398	35,533	
1.280	Roofs, Asphalt Shingles, Phased					206,133	212,935	219,962	
1.759	Walls, Fiber Cement Siding and Trim, Paint Finishes			45,659					
Age, condition, history of repairs and maintenance, and local conditions
Property Site Elements	form the foundation for timing of each
4.040 Asphalt Pavement, Mill and Overlay, Remaining, Phased	5c8a,8p7i0tal p60r,o81je3 ct.	
4.100	Catch Basins, Inspections and Capital Repairs, Phased			7,630	7,881		
4.110	Concrete Curbs, Partial			17,863			
4.140	Concrete Sidewalks and Stoops, Partial					8,474	
4.700	Pond, Aerator			10,671			
4.710	Pond, Erosion Control, Partial			6,616			
	Anticipated Expenditures, By Year ($966,734 over 5 years)	0	45,659	101,650	308,125	255,806	255,494	

RESERVE COMPONENT DETAIL
The Reserve Component Detail of this Full Reserve Study includes enhanced solutions and procedures for select significant components. This section describes the Reserve Components, documents specific problems and condition assessments, and may include detailed solutions and procedures for necessary capital repairs and replacements for the benefit of current and future board members. We advise the Board use this information to help define the scope and procedures for repair or replacement when soliciting bids or proposals from contractors. However, the Report in whole or part is not and should not be used as a design specification or design engineering service.
Exterior Building Elements
 Gutters and Downspouts, Aluminum	
Line Item: 1.240
Quantity: Approximately 6,250 linear feet of aluminum five-inch seamless gutters and two-inch by three-inch downspouts
History: Original
Condition: Good overall with isolated dents and fastener rust evident

Fastener rust evident	Minor dented aluminum gutter section	

Get more from your reserve study. Detailed condition assessments provide valuable insights for management and your board, helping you evaluate project bids, understand property conditions with photo-based documentation, reduce total cost of ownership through timely maintenance, and more.

Useful Life: 15- to 20-years
Component Detail Notes: The size of the gutter is determined by the roof's watershed area, a roof pitch factor and the rainfall intensity number of the Association's region. We recommend sloping gutters 1/16 inch per linear foot and providing fasteners a maximum of every three feet.
Downspouts can drain 100 square feet of roof area per one square inch of downspout cross sectional area. We recommend the use of downspout extensions and splash blocks at the downspout discharge to direct storm water away from the foundations. Downspouts that discharge directly onto roofs cause premature deterioration of the roofs due to the high concentration of storm water.  We recommend either routing these

the ground, connecting the downspouts to storm water discharge over a large area.
s and downspouts coincides with that of t nt will result in the most economical unit o other roof components as compared to

downspouts directly to roof or distributing the
The useful life of gutter Coordinated replaceme possibility of damage t

Preventative maintenance recommendations help you effectively maintain your assets, maximize their useful life, and reduce the total cost of ownership.

the gutters of the lower

he asphalt shingle roofs. price and minimize the
separate replacements.

Preventative Maintenance Notes:	We note the following select recommended preventative maintenance activities to maximize the remaining useful life:
Semi-annually:
Clean out debris and leaves that collect in the gutters
Repair and refasten any loose gutter fasteners
Repair and seal any leaking seams or end caps
Verify downspouts discharge away from foundations
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3.

 Roofs, Asphalt Shingles	
Line Item: 1.280
Quantity: Approximately 1,100 squares1
History: Original
Condition: Fair overall with several locations of weathered, lifted, curled and loose shingles, granular loss at shingles, and sheathing deflection evident from our visual inspection from the ground. Management and the Board inform us of a history of leaks near the chimney and roof intersections but recent repairs including flashing remediation were completed.

1 We quantify the roof area in squares where one square is equal to 100 square feet of surface area.

Detailed photographs document early signs of problems so you can address them before they escalate.

Asphalt shingle roof	Flashing detail at chimney	

Loose shingles at Unit 100	

Lifted shingles at Units 200 and 201	

Curled shingles at Unit 300	

Weathered shingles at Unit 400	

 

Weathered shingles at Unit 500	Granular loss evident at shingles at Unit 600	

Sheathing deflection evident at Unit 700
Useful Life: 15- to 20-years
Component Detail Notes: The existing roof assembly comprises the following:
Laminate shingles
Boston style ridge caps
Soffit and ridge vents
Metal drip edge
Open valleys with metal W flashing
Insulation and ventilation are two major components of a sloped roof system. Together, proper insulation and ventilation help to control attic moisture and maintain an energy efficient building. Both insulation and ventilation prevent moisture buildup which can cause wood rot, mold and mildew growth, warp sheathing, deteriorate shingles, and eventually damage building interiors. Sufficient insulation helps to minimize the quantity of moisture that enters the attic spaces and adequate ventilation helps to remove any moisture that enters the attic spaces. These two roof system components also help to reduce the amount of energy that is required to heat and cool a building. Proper attic insulation minimizes heat gain and heat loss between the residential living spaces and

attic spaces. This reduces energy consumption year-round. Proper attic ventilation removes excessive heat from attic spaces that can radiate into residential living spaces and cause air conditioners to work harder. Properly installed attic insulation and ventilation work together to maximize the useful life of sloped roof systems.
In addition to moisture control and energy conservation, proper attic insulation and ventilation are essential components to prevent the formation of ice dams. Ice dams occur when warm air accumulates at the peak of an attic while the roof eaves remain cold. Warm air from the attic melts the snow at the ridge of the roof and the water runs down the slope of the roof. At the cold roof eaves, the water refreezes and forms a buildup of snow and ice. This buildup often traps water that can prematurely deteriorate asphalt shingles and ultimately seep under the shingles and cause water damage to the roof deck and building interiors. Proper insulation minimizes the amount of heat that enters attic spaces in the winter and adequate ventilation helps to remove any heat that enters the attic spaces. Together, these components prevent ice dams with a cold roof deck that melts snow and ice evenly.
The Association should periodically ensure that the vents are clear of debris and are not blocked from above by attic insulation. If the soffit vents are blocked from above, the Association should install polystyrene vent spaces or baffles between the roof joists at these locations to ensure proper ventilation. The Fairway should fund this ongoing maintenance through the operating budget.
Certain characteristics of condition govern the times of replacement. Replacement of an asphalt shingle roof becomes necessary when there are multiple or recurring leaks and when the shingles begin to cup, curl and lift. These conditions are indications that the asphalt shingle roof is near the end of its useful life. Even if the shingles are largely watertight, the infiltration of water in one area can lead to permanent damage to the underlying roof sheathing. This type of deterioration requires replacement of saturated sections of sheathing and greatly increases the cost of roof replacement. Roof leaks may occur from interrelated roof system components, i.e., flashings. Therefore, the warranty period, if any, on the asphalt shingles, may exceed the useful life of the roof system.
Warranties are an indication of product quality and are not a product guarantee. Asphalt shingle product warranties vary from 20- to 50-years and beyond. However, the scope is usually limited to only the material cost of the shingles as caused by manufacturing defects. Warranties may cover defects such as thermal splitting, granule loss, cupping, and curling. Labor cost is rarely included in the remedy so if roof materials fail, the labor to tear off and install new shingles is extra. Other limitations of warranties are exclusions for "incidental and consequential" damages resulting from age, hurricanes, hail storms, ice dams, severe winds, tornadoes, earthquakes, etc. There are some warranties which offer no dollar limit for replacement at an additional cost (effectively an insurance policy) but again these warranties also have limits and may not cover all damages other than a product defect. We recommend a review of the manufacturers’ warranties as part of the evaluation of competing proposals to replace a roof system. This evaluation should identify the current costs of remedy if the roof were to fail in the near term future. A comparison of the costs of remedy to the total replacement cost will assist in judging the merits of the warranties.

The following cross-sectional schematic illustrates a typical asphalt shingle roof system although it may not reflect the actual configuration at The Fairway:

Contractors use one of two methods for replacement for sloped roofs, either an overlayment or a tear-off. Overlayment is the application of new shingles over an existing roof. However, there are many disadvantages to overlayment including hidden defects of the underlying roof system, absorption of more heat resulting in accelerated deterioration of the new and old shingles, and an uneven visual appearance. Therefore, we recommend only the tear-off method of replacement. The tear-off method of replacement includes removal of the existing shingles, flashings if required and underlayments.
The Association should plan to coordinate the replacement of gutters and downspouts with the adjacent roofs. This will result in the most economical unit price and minimize the possibility of damage to other roof components as compared to separate replacements.
Preventative Maintenance Notes: We recommend the Association maintain a service and inspection contract with a qualified professional and record all documentation of repairs conducted. We note the following select recommended preventative maintenance activities to maximize the remaining useful life:
Annually:
Record any areas of water infiltration, flashing deterioration, damage or loose shingles

Inspect for ice dams and implement repairs as needed if issues are reoccurring
Trim tree branches that are near or in contact with roof
As-needed:
Ensure proper ventilation and verify vents are clear of debris and not blocked from attic insulation
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. We base our cost on replacement with standard laminate Class A 240-260-pounds per square shingles.

 Walls, Fiber Cement Siding and Trim	
Line Items: 1.759 through 1.761
Quantity: Approximately 31,000 square feet of fiber cement siding and composite wood trim, and 160 linear feet of wood railings and associated wood columns at the front stoops. This quantity excludes the aluminum soffit and fascia.
History: The finish at the fiber cement siding is original, and the trim and railings were painted in 2017.
Condition: Fair overall with locations of peeling finish, discoloration, sealant deterioration, wood rot and cracks evident

Fiber cement siding	Sealant deterioration and peeling finish at fiber cement, Unit 100

 

Discolored finish at Unit 200	Peeling paint finish at Unit 300	

Rot at trim at Unit 400	

Isolated fiber cement cracks at Unit 500	

Isolated siding damage at Unit 600	

Isolated fiber cement crack at Unit 700	

Useful Life: Four- to six-years for the trim and railings, and 8- to 10-years for the fiber cement siding
Component Detail Notes:	Correct and complete preparation of the surface before application of the paint finish maximizes the useful life of the paint finish and surface. The

contractor should remove all loose, peeled or blistered paint before application of the new paint finish. The contractor should then power wash the surface to remove all dirt or chalking of the prior paint finish.
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. We assume the following activities per event at the siding, trim and railings every 10 years, and at the interim events for the trim and railings:
Paint finish applications
Replacement of 600 square feet, or up to two percent (2%), of the siding and trim (The exact amount of material in need of replacement will depend on the actual future conditions and desired appearance. We recommend replacement wherever holes, cracks and deterioration impair the ability of the material to prevent water infiltration.)
Replacement of sealants as needed

 Walls, Masonry	
Line Item: 1.820
Quantity: Approximately 30,200 square feet of stone masonry veneer at the walls and chimneys
History: The Association replaced a partial elevation at one unit in recent years. The remaining masonry is original with minimal repairs evident.
Condition: Good overall with limited locations of cracks, mortar deterioration and water infiltration evident.

Flashing detail above window	Stone masonry at chimney	

 

Efflorescence and evidence of water
infiltration at Unit 100	Mortar deterioration at Unit 200	

Useful Life: The Association should anticipate inspection and repairs to the masonry veneer every 10- to 15-years.
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. We assume a complete inspection of all the masonry veneer, repointing of up to four percent (4%) and replacement of a limited amount of stone per event.

Property Site Elements
 Asphalt Pavement, Repaving	
Line Items: 4.040 and 4.045
Quantity: Approximately 6,650 square yards of streets and driveways
History:	Original with the exception of 345 square yards at Units 500-504 and the adjacent street which was milled and overlaid in 2020
Condition: Fair overall with alligator cracks, centerline deterioration, raveling, settlement and previous patch repairs evident

 

Recent asphalt pavement repairs near community entrance	Centerline cracks and deterioration	

Pavement raveling and onset of potholes	

Alligator cracks adjacent to recent patch repair	

Asphalt pavement at driveways	

Cracks at Unit 100	

Useful Life: 15- to 20-years
Component Detail Notes: The initial installation of asphalt uses at least two lifts, or two separate applications of asphalt, over the base course. The first lift is the binder course.

The second lift is the wearing course. The wearing course comprises a finer aggregate for a smoother, more watertight finish.
The following diagram depicts the typical components although it may not reflect the actual configuration at The Fairway:

The manner of repaving is either a mill and overlay or total replacement. A mill and overlay is a method of repaving where cracked, worn and failed pavement is mechanically removed or milled until sound pavement is found. A new layer of asphalt is overlaid atop the remaining base course of pavement. Total replacement includes the removal of all existing asphalt down to the base course of aggregate and native soil followed by the application of two or more new lifts of asphalt. We recommend mill and overlayment on asphalt pavement that exhibits normal deterioration and wear. We recommend total replacement of asphalt pavement that exhibits severe deterioration, inadequate drainage, pavement that has been overlaid multiple times in the past or where the configuration makes overlayment not possible. Based on the apparent visual condition and configuration of the asphalt pavement, we recommend the mill and overlay method for initial repaving followed by the total replacement method for subsequent repaving at The Fairway.
Preventative Maintenance Notes:	We note the following select recommended preventative maintenance activities to maximize the remaining useful life:
Annually:
Inspect for settlement, large cracks and trip hazards, and ensure proper drainage
Repair areas which could cause vehicular damage such as potholes

As needed:
Perform crack repairs and patching as needed
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. Our cost for milling and overlayment includes area patching of up to fifteen percent (15%).

 Concrete Sidewalks and Stoops	
Line Item: 4.140
Quantity: Approximately 5,670 square feet
Condition: Good to fair overall with cracks, spalled concrete, and history of settlement and previous mud jacking evident

Spalled concrete sidewalk at Unit 100	Spalled concrete sidewalk at Unit 200	
Useful Life: Up to 65 years although interim deterioration of areas is common
Preventative Maintenance Notes:	We note the following select recommended preventative maintenance activities to maximize the remaining useful life:
Annually:
Inspect and repair major cracks, spalls and trip hazards
Mark with orange safety paint prior to replacement or repair
Repair or perform concrete leveling in areas in immediate need of repair or possible safety hazard
Priority/Criticality: Per Board discretion
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. We estimate that up to 1,980 square feet of concrete

sidewalks, or thirty-five percent (34.9%) of the total, will require replacement during the next 30 years.

 Pond, Aerator	
Line Item: 4.700
Quantity: One aerator
History: Original to 2008 with the exception of the LED lighting which dates to 2020
Condition: Reported in good condition

Pond with aerator
Useful Life: 10- to 15-years
Component Detail Notes: The use of small pumps, motors and aerators circulates pond water and increases the amount of entrained oxygen in the water, increasing water quality and reducing algae growths.
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. Based on its condition, we defer replacement until 2024.

 Pond, Erosion Control	
Line Item: 4.710
Quantity: 620 linear feet of stone rip rap
History: The stone rip rap was augmented in 2013 and locations of settled rip rap were repaired and/or replaced in 2021.

Condition: We note only minor evidence of settled rip rap and erosion.

Erosion	Erosion	
Useful Life: Shorelines are subject to fluctuations in water levels, increased plant growth and migrating storm and ground water resulting in the need for erosion control measures up to every 10 years.
Component Detail Notes: The steep shoreline embankments are likely to exacerbate soil movement and erosion. The use and maintenance of landscape, natural vegetation and/or stone rip rap along the pond shoreline will help maintain an attractive appearance and prevent soil erosion.
Shoreline plantings are referred to as buffer zones. Buffer zones provide the following advantages:
Control insects naturally
Create an aesthetically pleasing shoreline
Enhance water infiltration and storage
Filter nutrients and pollutants
Increase fish and wildlife habitat
Reduce lawn maintenance
Stabilize shoreline and reduce erosion
Trap sediments
Priority/Criticality: Defer only upon opinion of independent professional or engineer
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. We recommend the Association plan to augment the rip rap around the pond along 125 linear feet, or approximately twenty percent (20%), of the shoreline.

 Signage, Entrance Monument	
Line Item: 4.800
Quantity:	One property identification entrance monument and one adjacent street identification sign. The signage includes the following elements:
Light fixtures
Fences, wood rail
Masonry, stone
Metal signs
Landscaping
History: Original with the exception of the landscape light fixtures which were replaced with LED fixtures in 2019
Condition: Good to fair overall

Entrance monument	Mortar cracks	

Evidence of water infiltration and possible onset of stone delamination

Useful Life: 15- to 20-years
Component Detail Notes: Community signage contributes to the overall aesthetic appearance of the property to owners and potential buyers. Renovation or replacement of community signs is often predicated upon the desire to "update" the perceived identity of the community rather than for utilitarian concerns. Therefore, the specific times for replacement or renovation are discretionary.
Preventative Maintenance Notes:	We note the following select recommended preventative maintenance activities to maximize the remaining useful life:
Annually:
Inspect and repair damage, vandalism and loose components
Verify lighting is working properly
Touch-up paint finish applications if applicable
Priority/Criticality: Per Board discretion
Expenditure Detail Notes: Expenditure timing and costs are depicted in the Reserve Expenditures table in Section 3. Our cost for renovation includes repointing and repairs to the masonry, landscaping renovations and replacement of the remaining components listed above. Based on a greater need for reserve funds for replacement of roofs and pavement, we defer renovation until 2030.

Reserve Study Update
An ongoing review by the Board and an Update of this Reserve Study are necessary to ensure an equitable funding plan since a Reserve Study is a snapshot in time. Many variables change after the study is conducted that may result in significant overfunding or underfunding the reserve account. Variables that may affect the Reserve Funding Plan include, but are not limited to:
Deferred or accelerated capital projects based on Board discretion
Changes in the interest rates on reserve investments
Changes in the local construction inflation rate
Additions and deletions to the Reserve Component Inventory
The presence or absence of maintenance programs
Unusually mild or extreme weather conditions
Technological advancements
Periodic updates incorporate these variable changes since the last Reserve Study or Update. We recommend the Board budget for an Update to this Reserve Study in two- to three-years. Budgeting for an Update demonstrates the Board's objective to continue fulfilling its fiduciary responsibility to maintain the commonly owned property and to fund reserves appropriately.

METHODOLOGY
Reserves for replacement are the amounts of money required for future expenditures to repair or replace Reserve Components that wear out before the entire facility or project wears out. Reserving funds for future repair or replacement of the Reserve Components is also one of the most reliable ways of protecting the value of the property’s infrastructure and marketability.
Fairway can fund capital repairs and replacements in any combination of the following:
Increases in the operating budget during years when the shortages occur
Loans using borrowed capital for major replacement projects
Level monthly reserve assessments annually adjusted upward for inflation to increase reserves to fund the expected major future expenditures
Special assessments
We do not advocate special assessments or loans unless near term circumstances dictate otherwise. Although loans provide a gradual method of funding a replacement, the costs are higher than if the Association were to accumulate reserves ahead of the actual replacement. Interest earnings on reserves also accumulate in this process of saving or reserving for future replacements, thereby defraying the amount of gradual reserve collections. We advocate the third method of Level Monthly Reserve Assessments with relatively minor annual adjustments. The method ensures that Owners pay their "fair share" of the weathering and aging of the commonly owned property each year. Level reserve assessments preserve the property and enhance the resale value of the homes.
This Reserve Study is in compliance with and exceeds the National standards1 set forth by the Association of Professional Reserve Analysts (APRA) fulfilling the requirements of a “Level I Full Reserve Study.” These standards require a Reserve Component to have a “predictable remaining Useful Life.” Estimating Remaining Useful Lives and Reserve Expenditures beyond 30 years is often indeterminate. Long-Lived Property Elements are necessarily excluded from this analysis. We considered the following factors in our analysis:
The Cash Flow Method to compute, project and illustrate the 30-year Reserve Funding Plan
Local2 costs of material, equipment and labor
Current and future costs of replacement for the Reserve Components
Costs of demolition as part of the cost of replacement
Local economic conditions and a historical perspective to arrive at our estimate of long-term future inflation for construction costs in Madison, USA at an annual inflation rate3. Isolated or regional markets of greater

1 Identified in the APRA “Standards - Terms and Definitions” and the CAI "Terms and Definitions".
2 See Credentials for additional information on our use of published sources of cost data.
3 Derived from Marshall & Swift, historical costs and the Bureau of Labor Statistics.

construction (development) activity may experience slightly greater rates of inflation for both construction materials and labor.
The past and current maintenance practices of Fairway and their effects on remaining useful lives
Financial information provided by the Association pertaining to the cash status of the reserve fund and budgeted reserve contribution
The anticipated effects of appreciation of the reserves over time in accord with a return or yield on investment of your cash equivalent assets. (We did not consider the costs, if any, of Federal and State Taxes on income derived from interest and/or dividend income).
The Funding Plan excludes necessary operating budget expenditures. It is our understanding that future operating budgets will provide for the ongoing normal maintenance of Reserve Components.
Updates to this Reserve Study will continue to monitor historical facts and trends concerning the external market conditions.

CREDENTIALS
HISTORY AND DEPTH OF SERVICE
Founded in 1991, Reserve Advisors is the leading provider of reserve studies, insurance appraisals, developer turnover transition studies, expert witness services, and other engineering consulting services. Clients include community associations, resort properties, hotels, clubs, non- profit organizations, apartment building owners, religious and educational institutions, and office/commercial building owners in 48 states, Canada and throughout the world.
The architectural engineering consulting firm was formed to take a leadership role in helping fiduciaries, boards, and property managers manage their property like a business with a long-range master plan known as a Reserve Study.
Reserve Advisors employs the largest staff of Reserve Specialists with bachelor’s degrees in engineering dedicated to Reserve Study services. Our founders are also founders of Community Associations Institute's (CAI) Reserve Committee that developed national standards for reserve study providers. One of our founders is a Past President of the Association of Professional Reserve Analysts (APRA). Our vast experience with a variety of building types and ages, on-site examination and historical analyses are keys to determining accurate remaining useful life estimates of building components.
No Conflict of Interest - As consulting specialists, our independent opinion eliminates any real or perceived conflict of interest because we do not conduct or manage capital projects.
TOTAL STAFF INVOLVEMENT
Several staff members participate in each assignment. The responsible advisor involves the staff through a Team Review, exclusive to Reserve Advisors, and by utilizing the experience of other staff members, each of whom has served hundreds of clients. We conduct Team Reviews, an internal quality assurance review of each assignment, including: the inspection; building component costing; lifing; and technical report phases of the assignment. Due to our extensive experience with building components, we do not have a need to utilize subcontractors.
OUR GOAL
To help our clients fulfill their fiduciary responsibilities to maintain property in good condition.
VAST EXPERIENCE WITH A VARIETY OF BUILDINGS
Reserve Advisors has conducted reserve studies for a multitude of different communities and building types. We've analyzed thousands of buildings, from as small as a 3,500-square foot day care center to a 2,600,000-square foot 98-story highrise. We also routinely inspect buildings with various types of mechanical systems such as simple electric heat, to complex systems with air handlers, chillers, boilers, elevators, and life safety and security systems.
We're familiar with all types of building exteriors as well. Our well-versed staff regularly identifies optimal repair and replacement solutions for such building exterior surfaces such as adobe, brick, stone, concrete, stucco, EIFS, wood products, stained glass and aluminum siding, and window wall systems.
OLD TO NEW
Reserve Advisors’ experience includes ornate and vintage buildings as well as modern structures. Our specialists are no strangers to older buildings. We're accustomed to addressing the unique challenges posed by buildings that date to the 1800's. We recognize and consider the methods of construction employed into our analysis. We recommend appropriate replacement programs that apply cost effective technologies while maintaining a building's character and appeal.

RESOURCES
Reserve Advisors utilizes numerous resources of national and local data to conduct its Professional Services. A concise list of several of these resources follows:

Association of Construction Inspectors, (ACI) the largest professional organization for those involved in construction inspection and construction project management. ACI is also the leading association providing standards, guidelines, regulations, education, training, and professional recognition in a field that has quickly become important procedure for both residential and commercial construction, found on the web at www.iami.org.

American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc., (ASHRAE) the American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc., devoted to the arts and sciences of heating, ventilation, air conditioning and refrigeration; recognized as the foremost, authoritative, timely and responsive source of technical and educational information, standards and guidelines, found on the web at www.ashrae.org. Reserve Advisors actively participates in its local chapter and holds individual memberships.

Community Associations Institute, (CAI) America's leading advocate for responsible communities noted as the only national organization dedicated to fostering vibrant, responsive, competent community associations. Their mission is to assist community associations in promoting harmony, community, and responsible leadership.

Marshall & Swift / Boeckh, (MS/B) the worldwide provider of building cost data, co-sourcing solutions, and estimating technology for the property and casualty insurance industry found on the web at www.marshallswift.com.

R.S. Means CostWorks, North America's leading supplier of construction cost information. As a member of the Construction Market Data Group, Means provides accurate and up-to-date cost information that helps owners, developers, architects, engineers, contractors and others to carefully and precisely project and control the cost of both new building construction and renovation projects found on the web at www.rsmeans.com.

Reserve Advisors’ library of numerous periodicals relating to reserve studies, condition analyses, chapter community associations, and historical costs from thousands of capital repair and replacement projects, and product literature from manufacturers of building products and building systems.

DEFINITIONS
Definitions are derived from the standards set forth by the Community Associations Institute (CAI) representing America's 305,000 condominium and homeowners associations and cooperatives, and the Association of Professional Reserve Analysts, setting the standards of care for reserve study practitioners.
Cash Flow Method - A method of calculating Reserve Contributions where contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different Reserve Funding Plans are tested against the anticipated schedule of reserve expenses until the desired funding goal is achieved.
Component Method - A method of developing a Reserve Funding Plan with the total contribution is based on the sum of the contributions for individual components.
Current Cost of Replacement - That amount required today derived from the quantity of a Reserve Component and its unit cost to replace or repair a Reserve Component using the most current technology and construction materials, duplicating the productive utility of the existing property at current local market prices for materials, labor and manufactured equipment, contractors' overhead, profit and fees, but without provisions for building permits, overtime, bonuses for labor or premiums for material and equipment. We include removal and disposal costs where applicable.
Fully Funded Balance - The Reserve balance that is in direct proportion to the fraction of life "used up" of the current Repair or Replacement cost similar to Total Accrued Depreciation.
Funding Goal (Threshold) - The stated purpose of this Reserve Study is to determine the adequate, not excessive, minimal threshold reserve balances.
Future Cost of Replacement - Reserve Expenditure derived from the inflated current cost of replacement or current cost of replacement as defined above, with consideration given to the effects of inflation on local market rates for materials, labor and equipment.
Long-Lived Property Component - Property component of Fairway responsibility not likely to require capital repair or replacement during the next 30 years with an unpredictable remaining Useful Life beyond the next 30 years.
Percent Funded - The ratio, at a particular point of time (typically the beginning of the Fiscal Year), of the actual (or projected) Reserve Balance to the Fully Funded Balance, expressed as a percentage.
Remaining Useful Life  - The estimated remaining functional or useful time  in years of a
Reserve Component based on its age, condition and maintenance.
Reserve Component - Property elements with: 1) Fairway responsibility; 2) limited Useful Life expectancies; 3) predictable Remaining Useful Life expectancies; and 4) a replacement cost above a minimum threshold.
Reserve  Component  Inventory  -  Line  Items  in  Reserve  Expenditures  that  identify  a
Reserve Component.
Reserve Contribution - An amount of money set aside or Reserve Assessment contributed to a
Reserve Fund for future Reserve Expenditures to repair or replace Reserve Components.
Reserve Expenditure - Future Cost of Replacement of a Reserve Component.
Reserve Fund Status - The accumulated amount of reserves in dollars at a given point in time, i.e., at year end.
Reserve Funding Plan - The portion of the Reserve Study identifying the Cash Flow Analysis and containing the recommended Reserve Contributions and projected annual expenditures, interest earned and reserve balances.
Reserve Study - A budget planning tool that identifies the current status of the reserve fund and a stable and equitable Funding Plan to offset the anticipated future major common area expenditures.
Useful Life - The anticipated total time in years that a Reserve Component is expected to serve its intended function in its present application or installation.

PROFESSIONAL SERVICE CONDITIONS
Our Services - Reserve Advisors, LLC (“RA”) performs its services as an independent contractor in accordance with our professional practice standards and its compensation is not contingent upon our conclusions. The purpose of our reserve study is to provide a budget planning tool that identifies the current status of the reserve fund, and an opinion recommending an annual funding plan, to create reserves for anticipated future replacement expenditures of the subject property. The purpose of our energy benchmarking services is to track, collect and summarize the subject property’s energy consumption over time for your use in comparison with other buildings of similar size and establishing a performance baseline for your planning of long-term energy efficiency goals.
Our inspection and analysis of the subject property is limited to visual observations, is noninvasive and is not meant to nor does it include investigation into statutory, regulatory or code compliance. RA inspects sloped roofs from the ground and inspects flat roofs where safe access (stairs or ladder permanently attached to the structure) is available. Our energy benchmarking services with respect to the subject property is limited to collecting energy and utility data and summarizing such data in the form of an Energy Star Portfolio Manager Report or any other similar report, and hereby expressly excludes any recommendations with respect to the results of such energy benchmarking services or the accuracy of the energy information obtained from utility companies and other third-party sources with respect to the subject property. The reserve report and any energy benchmarking report (i.e., any Energy Star Portfolio Manager Report) (including any subsequent revisions thereto pursuant to the terms hereof, collectively, the “Report”) are based upon a “snapshot in time” at the moment of inspection. RA may note visible physical defects in the Report. The inspection is made by employees generally familiar with real estate and building construction. Except to the extent readily apparent to RA, RA cannot and shall not opine on the structural integrity of or other physical defects in the property under any circumstances. Without limitation to the foregoing, RA cannot and shall not opine on, nor is RA responsible for, the property’s conformity to specific governmental code requirements for fire, building, earthquake, occupancy or otherwise.
RA is not responsible for conditions that have changed between the time of inspection and the issuance of the Report. RA does not provide invasive testing on any mechanical systems that provide energy to the property, nor can RA opine on any system components that are not easily accessible during the inspection. RA does not investigate, nor assume any responsibility for any existence or impact of any hazardous materials, such as asbestos, urea- formaldehyde foam insulation, other chemicals, toxic wastes, environmental mold or other potentially hazardous materials or structural defects that are latent or hidden defects which may or may not be present on or within the property. RA does not make any soil analysis or geological study as part of its services, nor does RA investigate vapor, water, oil, gas, coal, or other subsurface mineral and use rights or such hidden conditions, and RA assumes no responsibility for any such conditions. The Report contains opinions of estimated replacement costs or deferred maintenance expenses and remaining useful lives, which are neither a guarantee of the actual costs or expenses of replacement or deferred maintenance nor a guarantee of remaining useful lives of any property element.
RA assumes, without independent verification, the accuracy of all data provided to it. Except to the extent resulting from RA’s willful misconduct in connection with the performance of its obligations under this agreement, you agree to indemnify, defend, and hold RA and its affiliates, officers, managers, employees, agents, successors and assigns (each, an “RA Party”) harmless from and against (and promptly reimburse each RA Party for) any and all losses, claims, actions, demands, judgments, orders, damages, expenses or liabilities, including, without limitation, reasonable attorneys' fees, asserted against or to which any RA Party may become subject in connection with this engagement, including, without limitation, as a result of any false, misleading or incomplete information which RA relied upon that was supplied by you or others under your direction, or which may result from any improper use or reliance on the Report by you or third parties under your control or direction or to whom you provided the Report. NOTWITHSTANDING ANY OTHER PROVISION HEREIN TO THE CONTRARY, THE AGGREGATE LIABILITY (IF ANY) OF RA WITH RESPECT TO THIS AGREEMENT AND RA’S OBLIGATIONS HEREUNDER IS LIMITED TO THE AMOUNT OF THE FEES ACTUALLY RECEIVED BY RA FROM YOU FOR THE SERVICES AND REPORT PERFORMED BY RA UNDER THIS AGREEMENT, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE. YOUR REMEDIES SET FORTH HEREIN ARE EXCLUSIVE AND ARE YOUR SOLE REMEDIES FOR ANY FAILURE OF RA TO COMPLY WITH ITS OBLIGATIONS HEREUNDER OR OTHERWISE. RA SHALL NOT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, ANY LOST PROFITS AND LOST SAVINGS, LOSS OF USE OR INTERRUPTION OF BUSINESS, HOWEVER CAUSED, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), BREACH OF WARRANTY, STRICT LIABILITY OR OTHERWISE, EVEN IF RA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL RA BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES. RA DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED OR OF ANY NATURE, WITH REGARD TO THE SERVICES AND THE REPORT, INCLUDING, WITHOUT LIMITATION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
Report - RA will complete the services in accordance with the Proposal. The Report represents a valid opinion of RA’s findings and recommendations with respect to the reserve study and is deemed complete. RA will consider any additional information made available to RA within 6 months of issuing the Report and issue a revised Report based on such additional information if a timely request for a revised Report is made by you. RA retains the right to withhold a revised Report if payment for services was not tendered in a timely manner. All information received by RA and all files, work papers or documents developed by RA during the course of the engagement shall remain the property of

RA and may be used for whatever purpose it sees fit. RA reserves the right to, and you acknowledge and agree that RA may, use any data provided by you in connection with the services, or gathered as a result of providing such services, including in connection with creating and issuing any Report, in a de-identified and aggregated form for RA’s business purposes.
Your Obligations - You agree to provide us access to the subject property for an inspection. You agree to provide RA all available, historical and budgetary information, the governing documents, and other information that we request and deem necessary to complete the Report. Additionally, you agree to provide historical replacement schedules, utility bills and historical energy usage files that RA requests and deems necessary to complete the energy benchmarking services, and you agree to provide any utility release(s) reasonably requested by RA permitting RA to obtain any such data and/or information from any utility representative or other third party. You agree to pay actual attorneys’ fees and any other costs incurred to collect on any unpaid balance for RA’s services.
Use of Our Report and Your Name - Use of the Report is limited to only the purpose stated herein. You acknowledge that RA is the exclusive owner of all intellectual property rights in and relating to the Report. You hereby acknowledge that any use or reliance by you on the Report for any unauthorized purpose is at your own risk and that you will be liable for the consequences of any unauthorized use or distribution of the Report. Use or possession of the Report by any unauthorized third party is prohibited. The Report in whole or in part is not and cannot be used as a design specification for design engineering purposes or as an appraisal. You may show the Report in its entirety to the following third parties: members of your organization (including your directors, officers, tenants and prospective purchasers), your accountants, attorneys, financial institutions and property managers who need to review the information contained herein, and any other third party who has a right to inspect the Report under applicable law including, but not limited, to any government entity or agency, or any utility companies. Without the written consent of RA, you shall not disclose the Report to any other third party. By engaging our services, you agree that the Report contains intellectual property developed (and owned solely) by RA and agree that you will not reproduce or distribute the Report to any party that conducts reserve studies without the written consent of RA.
RA will include (and you hereby agree that RA may include) your name in our client lists. RA reserves the right to use (and you hereby agree that RA may use) property information to obtain estimates of replacement costs, useful life of property elements or otherwise as RA, in its sole discretion, deems appropriate.
Payment Terms, Due Dates and Interest Charges - If reserve study and energy benchmarking services are performed by RA, then the retainer payment is due upon execution of this agreement and prior to the inspection by RA, and any balance is due net 30 days from the Report shipment date. If only energy benchmarking services are performed by RA, then the retainer payment is due upon execution of this agreement and any balance is due net 30 days from the Report shipment date. In any case, any balance remaining 30 days after delivery of the Report shall accrue an interest charge of 1.5% per month. Unless this agreement is earlier terminated by RA in the event you breach or otherwise fail to comply with your obligations under this agreement, RA’s obligations under this agreement shall commence on the date you execute and deliver this agreement and terminate on the date that is 6 months from the date of delivery of the Report by RA. Notwithstanding anything herein to the contrary, each provision that by its context and nature should survive the expiration or early termination of this agreement shall so survive, including, without limitation, any provisions with respect to payment, intellectual property rights, limitations of liability and governing law. We reserve the right to limit or decline refunds in our sole discretion. Refunds vary based on the applicable facts and circumstances.
Miscellaneous – Neither party shall be liable for any failures or delays in performance due to fire, flood, strike or other labor difficulty, act of God, act of any governmental authority, riot, embargo, fuel or energy shortage, pandemic, wrecks or delays in transportation, or due to any other cause beyond such party’s reasonable control; provided, however, that you shall not be relieved from your obligations to make any payment(s) to RA as and when due hereunder. In the event of a delay in performance due to any such cause, the time for completion or date of delivery will be extended by a period of time reasonably necessary to overcome the effect of such delay. You may not assign or otherwise transfer this agreement, in whole or in part, without the prior written consent of RA. RA may freely assign or otherwise transfer this agreement, in whole or in part, without your prior consent. This agreement shall be governed by the laws of the State of Wisconsin without regard to any principles of conflicts of law that would apply the laws of another jurisdiction. Any dispute with respect to this agreement shall be exclusively venued in Milwaukee County Circuit Court or in the United States District Court for the Eastern District of Wisconsin. Each party hereto agrees and hereby waives the right to a trial by jury in any action, proceeding or claim brought by or on behalf of the parties hereto with respect to any matter related to this agreement.

FIFTH ORDER OF BUSINESS

A.

August 11, 2025 Board of Supervisors
Isles of Bartram Park Community Development District 475 West Town Place, Suite 114
St. Augustine, FL 32092

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide Isles of Bartram Park Community Development District, St. Johns County, Florida (“the District”) for the fiscal year ended September 30, 2025. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Isles of Bartram Park Community Development District as of and for the fiscal year ended September 30, 2025. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2025 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis- of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from
(1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.
Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public

records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.
IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: GMS-NF LLC, 475 WEST TOWN PLACE, SUITE 114, ST. AUGUSTINE, FL 32092, TELEPHONE: 904-940-5850.
Our fee for these services will not exceed $4,200 for the September 30, 2025 audit, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued.
We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.
All accounting records (including, but not limited to, trial balances, general ledger detail, vendor files, bank and trust statements, minutes, and confirmations) for the fiscal year ended September 30, 2025 must be provided to us no later than January 15, 2026, in order for us to complete the engagement by April 15, 2026.
Subject to timely receipt of the necessary information, we will submit a preliminary draft audit report by April 1, 2026 for the District's review, and a final draft audit report by April 15, 2026 for the District's review and approval.
The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.
Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

This agreement may be renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.
We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Isles of Bartram Park Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Isles of Bartram Park Community Development District.

By: 	

Title: 	

Date: 	

B.

ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”)
POLICIES FOR USE OF LAKES AND
OTHER STORMWATER MANAGEMENT FACILITIES1
Wading and swimming in District lakes and other District stormwater management facilities are prohibited.
Watercraft of any kind in District lakes or other District stormwater management facilities is prohibited.
The District lakes and other District stormwater management facilities primarily function as detention ponds to facilitate the District’s system for treatment and attenuation of stormwater run- off and overflow. As a result, contaminants may be present in the water. Fishing in the District lakes and other District stormwater management facilities is prohibited.

Users of District lakes and other District stormwater management facilities shall not engage in any conduct or omission that violates any ordinance, resolution, law, permit requirement, or regulation of any governmental entity relating to the District lakes and other District stormwater management facilities.
Pets are not allowed in the District lakes and other District stormwater management facilities. Wildlife (including but not limited to birds and reptiles) may neither be removed from nor released into the District lakes or other District stormwater management facilities.

No docks or other structures, whether permanent or temporary, shall be constructed and placed in or around the District lakes or other District stormwater management facilities unless properly permitted and approved by the District and other applicable governmental agencies.

No pipes, pumps or other devices used for irrigation or the withdrawal of water shall be placed in or around the District lakes, except by the District.
No foreign materials may be disposed of in the District lakes or other District stormwater management facilities, including, but not limited to: tree branches, paint, cement, oils, soap suds, building materials, chemicals, fertilizers, or any other material that is not naturally occurring or which may be detrimental to the lake environment.

Easements through residential backyards along the community's storm water lake system are for maintenance purposes only and residents are not granted fishing or any other recreational purpose. Access to other residents' backyards via these maintenance easements is prohibited. The pond banks are not common areas for the homeowner's association. Unless individual property owners of single family dwelling homes grant permission for others to access their backyards, entering their private property can be considered trespassing. This does not necessarily apply to multi-family units, as surrounding green areas are not private property. Please be considerate of the privacy rights of other residents.
Beware of some of the wildlife like water moccasins, milk snakes, alligators and even a Cayman crocodile, let alone snapping turtles and other wildlife.

1 These Policies may be amended and/or updated as the District deems necessary (adopted November 14, 2025).

Any hazardous condition concerning the District lakes or other District stormwater management facilities must immediately be reported to the District Manager and the proper authorities.

Property owners and residents are responsible for their tenants’, guests’, and invitees’ adherence to these policies.

The Isles of Bartram Park Community Development District is not responsible for injury or damage to persons or property, including accidental death, resulting from the use of District lakes and/or other District stormwater management facilities.

SIXTH ORDER OF BUSINESS

A.

From: Scott Forshey-Friedman scottf@celestinahoa.com
Subject: Fwd: Estimate 4484 from Innovative Fountain Services, Inc
Date: October 23, 2025 at 1:41 PM
To: Jim Oliver joliver@gmsnf.com, Sarah Sweeting ssweeting@gmsnf.com
Cc: Taylor Tennisson ttennison@vestapropertyservices.com

Please include this in next neeting agenda. Details on why:
Here is the explanation for the needed repair:

The lock ring on the chlorinator has broken twice due to excessive pressure from the sand filter. This pressure is caused by the filter media being dirty and in need of replacement, which is forcing against the chlorinator lid and causing it to fail. The first incident resulted in the lid blowing off, draining the fountain completely. During the second occurrence, the issue was identified and addressed before any damage occurred. Replacing the filter media is necessary to restore proper operation and prevent further damage.

Scott Forshey-Friedman Celestina Master POA-President

Begin forwarded message:

From: "Innovative Fountain Services, Inc" <quickbooks@notification.intuit.com>
Date: October 23, 2025 at 12:34:49 PM CDT To: ttennison@vestapropertyservices.com Cc: scottf@celestinahoa.com
Subject: Estimate 4484 from Innovative Fountain Services, Inc Reply-To: admin@innovativefountainservices.com

Your estimate is ready!
Total $2,714.00

Dear Taylor Tennison,

Please find your estimate details here. Feel free to contact us if you have any questions. We look forward to working with you.

Have a great day!
Innovative Fountain Services, Inc

Review and approve

Innovative Fountain Services, Inc
11637 Columbia Park Dr E Ste 4
Jacksonville, FL 32258-4493

admin@innovativefountainservices.com
+1 (904) 551-1017

If you receive an email that seems fraudulent, please check with the business owner before paying, or you can forward the email to security@intuit.com so we can look into it. Read more at security.intuit.com.

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Celestina:Celestina Waterfall
Bill to
Celestina
Isles of Bartram Park CDD 475 West Town Place Ste 114 Saint Augustine, FL 32092

Estimate details
Estimate no.: 4484 Estimate date: 10/23/2025

P.O. Number: Waterfall Fountain

#	Product or service	Description	Qty	Amount

1.	Fountain Service	Innovative Fountain Services proposes to provide all necessary materials, labor, and equipment to perform the following services:
To open the existing sand ﬁlter and remove all old ﬁlter media. Replace all (8) laterals and any necessary O-rings. Install new ﬁlter media and test the system to verify proper operation of the waterfall fountain.

1	$2,714.00

Total	$2,714.00

Accepted date	Accepted by

B.

Bill to
Taylor Tennison Celestina
c/o Celestina Master Ammenity 200 Business Park Circle suite 101
St. Augustine, FL 32095

Estimate details
Estimate no.: 4432 Estimate date: 09/17/2025

#	Product or service	Description	Qty	Amount

1.	Fountain Service	Innovative Fountain Services proposes to provide all necessary materials, labor, and equipment to perform the following services:
Install custom strainer assembly to the existing ﬂoat to help prevent weeds, algae and debris clogging the pump strainer.

1	$722.00

Total	$722.00

Accepted date	Accepted by

C.

Prepared on:	October 21, 2025

Prepared by:	Innovative Fountain and Lake Services 11637 Columbia Park Drive East
Suite 4
Jacksonville, FL 32258
Phone: (904) 551-1017
Website: www.innovativefountainservices.com

Prepared for:	Celestina
Quarterly Floating Fountain Maintenance
Taylor Tennison
Vesta Property Services

Thank you for the opportunity to offer you a proposal for Floating Fountain Management. This correspondence outlines the complete scope of work requested, including objectives, responsibilities, and associated costs.

OBJECTIVE:

Innovative Fountain Services proposes to furnish all labor, materials, tools, and travel costs to complete the scope of work for six floating fountains as described below on a quarterly basis. The following is a general list of specific inclusions and exclusions.

INCLUSIONS:
Clean pump intake screen
Ensures proper water flow and prevents clogging or collapse of the screen.
Scrape, clean, and inspect lights for blown bulbs
Prevents overheating and extends light fixture life.
Clean all surfaces of float
Helps prevent premature deterioration and maintains float integrity.
Clean display head
Prevents algae buildup that can affect water pattern and aesthetics.
Clean display head jets
Keeps water display uniform and consistent.
Adjust mooring lines as needed
Prevents slack that could cause cable tangling or improper fountain positioning.
Adjust anchor points as required
Ensures the fountain remains properly secured and aligned.
Test light circuits
Verifies proper operation of GFCI protection and electrical safety.
Test pump circuits
Confirms all components within the pump motor circuit are functioning correctly.
Reset timers as necessary
Keeps fountain and lighting on the correct operating schedule.

Tighten all electrical connections in control panel
Helps prevent electrical shorts and potential control or equipment damage.
Take megohm readings on pump motor and cable
Measures insulation resistance, helping to monitor the condition of motor windings and cable.

Exclusions:
Light fixtures or lamps
Replacement of light fixtures or lamps is not included in this agreement and will be billed separately as needed.
Labor or parts not specifically listed under the inclusions
Any additional work or materials beyond the defined scope will be quoted and billed separately.

In addition to the services outlined above, you will receive a quarterly report detailing voltage, amperage, and megohm readings for each floating fountain. These readings provide insight into the condition of the pump motors and the integrity of the power cables. This proactive monitoring allows us to identify early signs of motor deterioration, enabling us to develop a preventive action plan to minimize potential downtime.

All maintenance procedures included in this agreement meet or exceed the recommended service standards of leading fountain manufacturers, ensuring that the equipment remains properly maintained throughout the warranty period.

COST AND TERMS

This service agreement will remain in effect for one (1) year and will automatically renew at the end of each term unless terminated by either party. Either party may cancel the agreement at any time by providing 30 days’ prior written notice.

The services outlined above will be provided at a rate of $540 per quarter, with billing occurring quarterly. Payment terms are Net 30 from the date of each invoice. This proposal is valid for 30 days from the date of issuance.

We appreciate the opportunity to serve your aquatic needs. Please sign and email back to: customerservice@innovativefountainservices.com

Thank you for allowing our TEAM the opportunity of EARNING YOUR BUSINESS!

Customer or Authorize Signature

Date

Print Name and Title of Signer

D.

Landscape Enhancement Proposal for
Celestina North
Cody Ayers
Vesta Property Services ayersc@icloud.com
Bore Project along Sitara Ln

Proposal #: 601192

LOCATION OF PROPERTY

36 Mandara Way St Johns, FL 32256

Date: 9/2/2025 From: Travis Arnold

AMOUNT

UNIT PRICE

QTY

DESCRIPTION

Bore underneath Roadway Sitara Ln	1	$6,500.00	$6,500.00

Bore across Sitara from electrical unit to lake bank.

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described in this proposal and verifies that the prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result in a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone’s control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal	$6,500.00	
Sales Tax	$0.00	
Proposal Total	$6,500.00	

AUTHORIZATION TO PERFORM WORK:

By		

Date

Print Name/Title

Celestina North

THIS IS NOT AN INVOICE

Landscape Enhancement Proposal

BRANCH TEL: 904-268-2626

Page  1/1

SEVENTH ORDER OF BUSINESS

From: Taylor Tennison ttennison@vestapropertyservices.com 
Subject: RE: Isles of Bartram Park CDD meeting
Date: September 2, 2025 at 10:56 AM
To: Scott Forshey-Friedman supervisorforsheyfriedman@gmail.com, Sarah Sweeting ssweeting@gmsnf.com

Good morning,
Boring $6,500.00 Electrical $5,200.00 Fountain $11,000

Regards,

Your Community. Our Commitment.

Taylor Tennison, LCAM
Celestina POA Property Manager
P. 904-429-7159
C. 904-747-0181 X186

Vesta Property Services
200 Business Park Circle, Suite 101 St. Augustine, FL 32095 www.VestaPropertyServices.com
 
Careers | Request Proposal

CONFIDENTIALITY NOTICE: This e-mail, and any attachment to it, contains privileged and confidential information intended only for the use of the individual(s) or entity named on the e-mail. If the reader of this e-mail is not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that reading it is strictly prohibited. If you have received this e-mail in error, please immediately return it to the sender and delete it from your system.

From: Sco- Forshey-Friedman <supervisorforsheyfriedman@gmail.com>
Sent: Tuesday, September 2, 2025 10:17 AM
To: Sarah SweeJng <ssweeJng@gmsnf.com>
Cc: Taylor Tennison <-ennison@vestapropertyservices.com>
Subject: Re: Isles of Bartram Park CDD meeJng

Taylor-
See if we get can electricity, boring and fountain for pond 7 please.

Scott Forshey-Friedman
Supervisor-Isles Of Bartram Park CDD

On Sep 2, 2025, at 9:55 AM, Sarah Sweeting <ssweeting@gmsnf.com> wrote:
Hi Scott/Taylor,
Are you able to obtain proposals for the below by the November meeting? Please let me know if there’s anything I can do.

Sarah Sweeting
Governmental Management Services, LLC 475 West Town Place, Suite 114
St. Augustine, Florida 32092 (904) 940-5850 x 402
ssweeting@gmsnf.com

Begin forwarded message:
From: Joe Zemel <joezemel@gmail.com> Subject: Re: Isles of Bartram Park CDD meeting Date: September 2, 2025 at 9:51:04 AM EDT
To: Sarah Sweeting <ssweeting@gmsnf.com>
Cc: Joe Zemel <joezemelcdd@gmail.com>, Jim Oliver
<joliver@gmsnf.com>
Reply-To: joe@zemel.org Sarah,
If we don't have it, can we have the pricing for the fountain installation and purchase for pond 7 for this meeting?
Thanks, Joe

On Tue, Sep 2, 2025, 9:45 AM Sarah Sweeting
<ssweeting@gmsnf.com> wrote:
Hi Joe,
I’ve removed Scott from this email chain to ensure we remain in

compliance with the Sunshine Law.
The next meeting is scheduled for November 14th. I’ve requested proposals from three vendors for a Capital Reserve Report, which will be presented for consideration at that meeting.
I’ll also add an agenda item for discussion of pond fountains. Thank you,

Sarah Sweeting
Governmental Management Services, LLC 475 West Town Place, Suite 114
St. Augustine, Florida 32092
(904) 940-5850 x 402
ssweeting@gmsnf.com

On Sep 2, 2025, at 8:38 AM, Joe Zemel
<joezemelcdd@gmail.com> wrote:
Sarah and Jim,
I have the next meeting on my calendar for both November 14 and 21. Which is the correct date of the next meeting, so I can adjust my calendar?
In addition to budget ratification, what other topics are going to be covered?
At the last meeting the topic of a reserve study came up. Will the cost for this be covered? Also, at a prior meeting we discussed that we would hold off putting a fountain in pond 7 until 2026.
Can the vote for this happen at the November meeting, holding off any work (cost) until January 2026?
Thanks, Joe

EIGHTH ORDER OF BUSINESS

Alum Application for Algae Control
(One-time treatment)

This agreement dated effective to start 		, 2025 is made between First Choice Aquatics, Inc. and Name: 	
Address: 			 City: 	State: 	 Zip: 		
Phone: 	Fax: 	Email: 	

Hereinafter called “Customer”.

First Choice Aquatics agrees to provide Aluminum Sulfate treatment in accordance with the terms and conditions of this agreement and within all governmental regulations at the following location(s):
POND 7 LOCATED AT CELESTINA Pond 7: $3500.00
50% off discount: Total treatment cost $1750.00

The effective date of this agreement is 	.
All Included: Aluminum Sulfate application for the most effective algae treatment.

The Customer agrees to pay First Choice Aquatics the following sum(s) for specified Aluminum Sulfate services. The pond can be treated for a total of $1750.00.
In addition, First Choice Aquatics will provide free call back service within 24 hours.

Payment schedule is as follows:

-Payment for the Aluminum Sulfate treatment is due upon the execution of this agreement.

Terms and Conditions:

Aluminum Sulfate treatment will commence within ten business days of the execution of this agreement.
Neither party shall be responsible in damages, penalties, or otherwise for any failure or delay in the performance of any of its obligations hereunder caused by strikes, riots, war, accidents, acts of God, governmental order and regulations, curtailment or failure to obtain enough material or other cause beyond its reasonable control in which it is unable to overcome. Should First choice aquatics be prohibited, restricted, or otherwise prevented from rendering specified services by any of the conditions, First Choice Aquatics shall notify the customer of said condition and of the excess direct costs arising therefrom.
Time-use restrictions – When federal and state regulations require water-time restrictions following the application of aquatic herbicides, First Choice Aquatics will notify the customer in writing of such restrictions at the time of treatment. It shall be the responsibility of the customer to comply with the restrictions throughout the required period of time-use restrictions. Customer understands and agrees that notwithstanding any other provisions of this agreement, First Choice Aquatics does not assume any liability for failure by any party to be notified of, or comply with, the above time-use restrictions.
Authorized Agent – Customer warrants that he/she is authorized to execute this aquatic management agreement on behalf of the riparian owner and to hold First Choice Aquatics harmless for consequences of such services not arising out of the sole negligence of First Choice Aquatics.
Payments – The one time fee amount is firm for the entire term of the original agreement. The customer agrees to reimburse First Choice Aquatics for any bank charges resulting from a returned check for insufficient funds.
Payment of services are due within 15 days of invoice due date. Customer agrees to pay interest on all late payments. This interest amount is set at 18% APR or 1 ½ per month. Services will be restricted on any account sixty (60) days past due until payment is received in full.
Non-Payment, Default – In the case of non-payment by the customer, First Choice Aquatics reserves the right following written notice to the customer to terminate this agreement, and reasonable attorneys’ fee and costs of collection shall be paid by the customer, whether the suit is filed or not. In addition, interest at the rate of one and one half percent (1.5%) per month may be assessed for the period of delinquency.
Assignment of the agreement – This agreement is not assignable by the customer except upon written consent by First Choice Aquatics.
Termination of Contract: A 30-day written notice by either party is required to terminate this contract.

The terms and conditions in this entire agreement form an integral part of this agreement and the CLIENT hereby acknowledges that he has read, is familiar with, and will comply with the contents thereof.

First Choice Aquatics, Inc.	CLIENT

Signed: 		Signed: 	

Daniel J. Thomas, President	Print Name: 	

NINTH ORDER OF BUSINESS

RESOLUTION 2026-01

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Isles Bartram Park Community Development District, hereinafter referred to as “District”, adopted a General Fund and Capital Reserve Fund Budget for fiscal year 2025, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund and Capital Reserve Fund Budget are hereby amended in accordance with Exhibit “A” attached.
This resolution shall become effective this 14h day of November, 2025 and be reflected in the monthly and fiscal Year End 9/30/25 Financial Statements and Audit Report of the District

Isles Bartram Park
Community Development District

Attest:

by:			 Chairman

by:			 Secretary

ISLES OF BARTRAM PARK CDD RESOLUTION 2026-01

EXHIBIT A

General Fund Budget Amendment
For The Period Ending September 30, 2025

	Adopted	Increase	Amended	Actual	
	Budget	(Decrease)	Budget	Thru 09/30/25	

Revenues:					
Special Assessments - Tax Roll	$	317,987	$	5,186	$	323,172	$	323,172	
Interest	3,414	4,075	7,489	7,489	
Total Revenues	$	321,401	$	9,260	$	330,661	$	330,661	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	4,000	$	400	4,400	$	4,400	
PR-FICA	306	-	31	337	337	
Engineering	12,000	-	12,000	-	
Attorney	10,000	(5,000)	5,000	1,724	
Annual Audit	4,100	-	4,100	4,100	
Assessment Administration	5,618	-	5,618	5,618	
Arbitrage Rebate	1,200	-	1,200	1,200	
Dissemination Agent	7,866	-	7,866	7,866	
Trustee Fees	8,800	-	8,800	8,800	
Management Fees	54,694	-	54,694	54,694	
Information Technology	1,800	-	1,800	1,800	
Website Maintenance	1,200	-	1,200	1,200	
Telephone	150	(100)	50	49	
Postage & Delivery	500	-	500	414	
Insurance General Liability/Public Officials	12,854	(517)	12,337	12,337	
Printing & Binding	500	(300)	200	178	
Legal Advertising	1,265	(600)	665	568	
Other Current Charges	1,000	(300)	700	627	
Office Supplies	200	(196)	4	4	
Dues, Licenses & Subscriptions	175	-	175	175	
Total General & Administrative	$	128,228	$	(6,582)	$	121,646	$	106,090	

Operations & Maintenance					
Field Expenditures					
Landscape Maintenace (Yellowstone)	$	64,972	$	-	$	64,972	$	50,379	
Lake Maintenance (First Choice Aquatics)	33,700	(3,500)	30,200	30,200	
Waterfall/Entry Pond Maintenance	11,500	(4,000)	7,500	6,696	
Lake Fountains Maintenance (First Coast Aquatics)	14,000	(10,510)	3,490	3,490	
Management	6,000	-	6,000	6,000	
Utilities	10,000	(3,500)	6,500	5,744	
General Maintenance	3,000	3,173	6,173	6,173	
Subtotal Field Expenditures	$	143,172	$	(18,337)	$	124,835	$	108,682	
					
Total Operations & Maintenance	$	143,172	$	(18,337)	$	124,835	$	108,682	
					
Total Expenditures	$	271,400	$	(24,919)	$	246,481	$	214,773	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000	$	34,180	$	84,180	$	115,888	

Other Financing Sources/(Uses):					
Capital Reserve Fund	(50,000)	-	(50,000)	(50,000)	
Total Other Financing Sources/(Uses)	$	(50,000)	$	-	$	(50,000)	$	(50,000)	
					
Net Change in Fund Balance	$	0	$	34,180	$	34,180	$	65,888	
					
Fund Balance - Beginning	$	-		$	146,898	$	146,898	
					
Fund Balance - Ending	$	0	$	34,180	$	181,078	$	212,786	

Capital Reserve Fund Budget Amendment
For The Period Ending September 30, 2025

	Adopted	Increase	Amended	Actual	
	Budget	(Decrease)	Budget	Thru 09/30/25	
Revenues					
Capital Reserve Transfer In	$	50,000	$	-	$	50,000	$	50,000	
Interest	-	3,174	3,174	3,174	
Total Revenues	$	50,000	$	3,174	$	53,174	$	53,174	

Expenditures:					
Capital Outlay	$	-	$	32,550	$	32,550	$	32,550	
Repairs and Maintenance	-	13,952	13,952	13,952	
Other Service Charges	-	215	215	215	
Total Expenditures	$	-	$	46,717	$	46,717	$	46,717	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000	$	(43,543)	$	6,457	$	6,457	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	50,000	$	(43,543)	$	6,457	$	6,457	
					
Fund Balance - Beginning	$	50,923	$	-	$	50,923	$	92,361	
					
Fund Balance - Ending	$	100,923	$	(43,543)	$	57,380	$	98,818	

ELEVENTH ORDER OF BUSINESS

C.

1.

Isles of

Bartram Park Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of ﬁve board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections Objective: Field manager and/or district manager will conduct quarterly inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed, as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within ﬁeld management services agreement
Achieved: Yes ☐ No ☐

 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Isles of Bartram Park Community Development District

District Manager:		Date:	 Print Name:	 
Isles of Bartram Park Community Development District

FOURTEENTH ORDER OF BUSINESS

A.

Isles of Bartram Park
Community Development District

Unaudited Financial Reporting
September 30, 2025

16

.. ,..

·1•11�

Table of Contents

	Balance Sheet

	General Fund

	Month to Month

	Debt Service Fund Series 2015

	Debt Service Fund Series 2017

	Capital Reserve Fund

	Long Term Debt Report

	Assessment Receipt Schedule

	Check Register Summary

	General Fund	Debt Service Fund	Capital Reserve Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account - Truist	

$	105,739	$	

-	$	

39,719	

$	145,458	
Assessments Receivable Due from Other
Due from General Fund - Series 2015	12,016	-
- 8,468	-
-
-	12,016
- 8,468	
Due from General Fund - Series 2017		7,187	-	7,187	
Due from Developer	900	-	.	900	
Investments:
State Board of Administration (SBA)	

97,881	

-	

59,099	

156,980	
Series 2015
Reserve		

218,876	

-	

218,876	
Interest		97	-	97	
Revenue		412,541	-	412,541	
Sinking Fund		271	-	271	
Gen Redemption		1,759	-	1,759	
Prepayment		18	-	18	
Series 2017	-	
Reserve	-	170,000	-	170,000	
Interest	-	78	-	78	
Principal	-	-	-	-	
Revenue	-	371,901	-	371,901	
Prepayment	-	18	-	18	
Sinking Fund	151	151	
Prepaid Expenses	12,738	-	-	12,738	
Deposits	-	-	-	-	
Total Assets	$	229,274	$	1,191,364	$	98,818	$	1,519,456	

Liabilities:			
Accounts Payable	$	832	$	-	$	-	$	832	
FICA Payable	-	-	
Due to Debt Service - Series 2015	8,468	-	-	8,468	
Due to Debt Service - Series 2017	7,187	-	-	7,187	
Total Liabilites	$	16,488	$	-	$	-	$	16,488	

Fund Balance:
Nonspendable: Prepaid Items
Restricted for:
Debt Service	

$	-	$	

-	$

1,191,364	

-	$	-

-	1,191,364	
Capital Project	-	-	-	-	
Assigned for:
Capital Reserve Fund	
-	-	98,818	
98,818	
Capital Reserves	-	-	-	-	
Unassigned	212,786	-	-	212,786	
Total Fund Balances	$	212,786	$	1,191,364	$	98,818	$	1,502,968	
				
Total Liabilities & Fund Balance	$	229,274	$	1,191,364	$	98,818	$	1,519,456	

Combined Balance Sheet September 30, 2025

-
-
-

-
-
-
-
-
-

-

-

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	317,987	$	317,987	$	323,172	$	5,186	
Interest	3,414	3,414	7,489	4,075	
Total Revenues	$	321,401	$	321,401	$	330,661	$	9,260	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	4,000	$	4,000	$	4,400	$	(400)	
PR-FICA	306	-	306	337	(31)	
Engineering	12,000	12,000	-	12,000	
Attorney	10,000	10,000	1,724	8,277	
Annual Audit	4,100	4,100	4,100	-	
Assessment Administration	5,618	5,618	5,618	-	
Arbitrage Rebate	1,200	1,200	1,200	-	
Dissemination Agent	7,866	7,866	7,866	-	
Trustee Fees	8,800	8,800	8,800	-	
Management Fees	54,694	54,694	54,694	-	
Information Technology	1,800	1,800	1,800	-	
Website Maintenance	1,200	1,200	1,200	-	
Telephone	150	150	49	101	
Postage & Delivery	500	500	414	86	
Insurance General Liability/Public Officials	12,854	12,854	12,337	517	
Printing & Binding	500	500	178	322	
Legal Advertising	1,265	1,265	568	697	
Other Current Charges	1,000	1,000	627	373	
Office Supplies	200	200	4	196	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	128,228	$	128,228	$	106,090	$	22,138	

Operations & Maintenance					
Field Expenditures					
Landscape Maintenace (Yellowstone)	$	64,972	$	64,972	$	50,379	$	14,593	
Lake Maintenance (First Choice Aquatics)	33,700	33,700	30,200	3,500	
Waterfall/Entry Pond Maintenance	11,500	11,500	6,696	4,804	
Lake Fountains Maintenance (First Coast Aquatics)	14,000	14,000	3,490	10,510	
Management	6,000	6,000	6,000	-	
Utilities	10,000	10,000	5,744	4,256	
General Maintenance	3,000	3,000	6,173	(3,173)	
Subtotal Field Expenditures	$	143,172	$	143,172	$	108,682	$	34,490	
					
Total Operations & Maintenance	$	143,172	$	143,172	$	108,682	$	34,490	
					
Total Expenditures	$	271,400	$	271,400	$	214,773	$	56,628	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000		$	115,888		

Other Financing Sources/(Uses):					
Capital Reserve Fund	(50,000)	(50,000)	(50,000)	-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	(50,000)	$	(50,000)	$	-	
					
Net Change in Fund Balance	$	0		$	65,888		
					
Fund Balance - Beginning	$	-		$	146,898		
					
Fund Balance - Ending	$	0		$	212,786		

Isles of Bartram Park
Community Development District Month to Month

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

Revenues:														
Special Assessments - Tax Roll	$	-	$	21,137  $	36,704  $	233,619  $	21,865	$	-	$	3,581	$	-	$	-	$	2,832	$	-	$	3,435  $	323,172	
Interest	216	203	203	229	1,048	1,157	1,119	823	791	599	592	511	7,489	
Total Revenues	$	216  $	21,339  $	36,907  $	233,848  $	22,913	$	1,157  $	4,700	$	823	$	791  $	3,431	$	592  $	3,945  $	330,661	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	-	$	800  $	-	$	-	$	800	$	-	$	-	$	800	$	1,000  $	-	$	1,000  $	-	$	4,400	
PR-FICA	-	61	-	-	61	-	-	61	77	-	77	-	337	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	24	141	47	116	304	308	116	410	141	119	-	-	1,724	
Annual Audit	-	-	-	-	-	1,000	3,100	-	-	-	-	-	4,100	
Assessment Administration	5,618	-	-	-	-	-	-	-	-	-	-	-	5,618	
Arbitrage Rebate	-	-	600	-	-	-	-	-	-	-	-	600	1,200	
Dissemination Agent	656	656	656	656	656	656	656	656	656	656	656	656	7,866	
Trustee Fees	-	4,400	-	-	-	-	-	-	-	-	4,400	-	8,800	
Management Fees	4,558	4,558	4,558	4,558	4,558	4,558	4,558	4,558	4,558	4,558	4,558	4,558	54,694	
Information Technology	150	150	150	150	150	150	150	150	150	150	150	150	1,800	
Website Maintenance	100	100	100	100	100	100	100	100	100	100	100	100	1,200	
Telephone	22	-	-	5	-	-	6	-	-	10	6	-	49	
Postage & Delivery	7	130	-	33	30	31	31	4	35	8	92	13	414	
Insurance General Liability/Public Officials	12,337	-	-	-	-	-	-	-	-	-	-	-	12,337	
Printing & Binding	0	-	34	0	8	29	-	1	33	9	34	30	178	
Legal Advertising	69	-	-	-	70	-	-	137	-	216	75	-	568	
Other Current Charges	39	47	39	39	42	42	142	42	57	42	57	42	627	
Office Supplies	0	0	0	0	0	0	0	0	1	0	0	1	4	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	23,755  $	11,043  $	6,184  $	5,656  $	6,779	$	6,873  $	8,858	$	6,918	$	6,806  $	5,867	$	11,204  $	6,149  $	106,090	

Operations & Maintenance						
Field Expenditures
Landscape Maintenace (Yellowstone)	
$	3,154  $	3,154  $	5,293  $	3,244  $	11,890	
$	3,959  $	3,244	
$	3,244	
$	3,244  $	3,355	
$	3,355  $	3,244  $	50,379	
Lake Maintenance (First Choice Aquatics)	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	5,450	-	4,850	3,100	30,200	
Waterfall/Entry Pond Maintenance	1,193	738	1,315	450	916	-	352	350	377	362	315	328	6,696	
Lake Fountains Maintenance (First Coast Aquatics)	-	-	750	-	-	400	840	-	750	-	-	750	3,490	
Management	500	500	500	500	500	500	500	500	500	500	500	500	6,000	
Utilities	405	393	552	617	503	491	656	749	752	142	485	-	5,744	
General Maintenance	-	2,206	-	-	-	-	800	431	882	1,854	-	-	6,173	
Subtotal Field Expenditures	$	7,353  $	9,091  $	10,510  $	6,911  $	15,909	$	7,450  $	8,492	$	7,374	$	11,954  $	6,212	$	9,505  $	7,922  $	108,682	
						
Total Operations & Maintenance	$	7,353  $	9,091  $	10,510  $	6,911  $	15,909	$	7,450  $	8,492	$	7,374	$	11,954  $	6,212	$	9,505  $	7,922  $	108,682	
						
Total Expenditures	$	31,107  $	20,134  $	16,693  $	12,567  $	22,688	$	14,323  $	17,349	$	14,292	$	18,760  $	12,079	$	20,709  $	14,071  $	214,773	
						
Excess (Deficiency) of Revenues over Expenditures	$	(30,891)  $	1,206  $	20,213  $	221,282  $	225	$	(13,166)  $	(12,649)	$	(13,469)	$	(17,969)  $	(8,649)	$	(20,118)  $	(10,126)  $	115,888	

Other Financing Sources/Uses:						
Transfer In/(Out)	-	-	-	-	-	-	-	(50,000)	-	-	-	-	(50,000)	
Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-	$	-  $	-	$	(50,000)	$	-  $	-	$	-  $	-  $	(50,000)	
						
Net Change in Fund Balance	$	(30,891) $	1,206  $	20,213  $	221,282  $	225	$	(13,166) $	(12,649)	$	(63,469)	$	(17,969) $	(8,649)	$	(20,118) $	(10,126) $	65,888	

Revenues:		
Special Assessments - Tax Roll	$	429,732	$	429,732	$	436,748	$	7,016	
Interest Income	12,000	12,000	25,720	13,720	
Total Revenues	$	441,732	$	441,732	$	462,468	$	20,736	

Expenditures:					
Interest - 11/1	$	139,934	$	139,934	$	139,806	$	128	
Principal - 11/1	135,000	135,000	135,000	-	
Interest - 5/1	136,981	136,981	136,853	128	
Special Call - 5/1	-	-	5,000	(5,000)	
Total Expenditures	$	411,916	$	411,916	$	416,659	$	(4,744)	
					
Excess (Deficiency) of Revenues over Expenditures	$	29,817		$	45,809		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	29,817		$	45,809		
					
Fund Balance - Beginning	$	367,939		$	596,220		
					
Fund Balance - Ending	$	397,756		$	642,029		

Revenues:					
Special Assessments - Tax Roll	$	364,708	$	364,708	$	370,683	$	5,975	
Interest Income	10,000	10,000	21,816	11,816	
Total Revenues	$	374,708	$	374,708	$	392,498	$	17,791	

Expenditures:					
Interest - 11/1	$	112,434	$	112,434	$	112,309	$	125	
Principal - 11/1	115,000	115,000	115,000	-	
Interest - 5/1	110,134	110,134	110,009	125	
Special Call - 5/1	-	-	5,000	(5,000)	
Total Expenditures	$	337,569	$	337,569	$	342,319	$	(4,750)	
					
Excess (Deficiency) of Revenues over Expenditures	$	37,139		$	50,180		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	37,139		$	50,180		
					
Fund Balance - Beginning	$	323,485		$	499,155		
					
Fund Balance - Ending	$	360,624		$	549,335		

Revenues					
Capital Reserve Transfer In	$	50,000	$	50,000	$	50,000	$	-	
Interest	-	-	3,174	3,174	
Total Revenues	$	50,000	$	50,000	$	53,174	$	3,174	

Expenditures:					
Capital Outlay	$	-	$	-	$	32,550	$	(32,550)	
Repairs and Maintenance	-	-	13,952	(13,952)	
Other Service Charges	-	-	215	(215)	
Total Expenditures	$	-	$	-	$	46,717	$	(46,717)	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000		$	6,457		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	50,000		$	6,457		
					
Fund Balance - Beginning	$	50,923		$	92,361		
					
Fund Balance - Ending	$	100,923		$	98,818		

Isles of Bartram Park
Community Development District Long Term Debt Report	
Series 2015 Special Assessment Bonds	

Interest Rate:	
4.375%-5.125%	
Maturity Date:	11/1/1945	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$214,291	
Reserve Fund Balance	218,876	

Bonds outstanding - 11/30/2015	
$6,725,000	
Less: November 1, 2015	$0	
Less: November 1, 2016	($110,000)	
Less: November 1, 2017	($130,000)	
Less: May 1, 2018 (Prepayment)	($100,000)	
Less: November 1, 2018	($100,000)	
Less: May 1, 2019 (Prepayment)	($20,000)	
Less: November 1, 2019	($105,000)	
Less: November 1, 2019 (Prepayment)	($5,000)	
Less: November 1, 2020	($110,000)	
Less: May 1, 2021 (Prepayment)	($15,000)	
Less: November 1, 2021	($115,000)	
Less: November 1, 2021 (Prepayment)	($20,000)	
Less: May 1, 2022 (Prepayment)	($85,000)	
Less: November 1, 2022	($120,000)	
Less: November 1, 2022 (Prepayment)	($5,000)	
Less: May 1, 2023 (Prepayment)	($5,000)	
Less: November 1, 2023	($130,000)	
Less: November 1, 2023 (Prepayment)	($5,000)	
Less: November 1, 2024	($135,000)	
Less: May 1, 2025 (Prepayment)	($5,000)	
Current Bonds Outstanding	$5,405,000	

Series 2017 Special Assessment Bonds	

Interest Rate:	
3.50%-5.00%	
Maturity Date:	11/1/1947	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$169,678	
Reserve Fund Balance	170,000	

Bonds outstanding - 11/30/2017	
$5,345,000	
Less: November 1, 2018	($50,000)	
Less: May 1, 2019 (Prepayment)	($25,000)	
Less: August 1, 2019 (Prepayment)	($15,000)	
Less: November 1, 2019	($95,000)	
Less: November 1, 2019 (Prepayment)	($5,000)	
Less: November 1, 2020	($100,000)	
Less: November 1, 2021	($100,000)	
Less: May 1, 2022 (Prepayment)	($15,000)	
Less: November 1, 2022	($105,000)	
Less: November 1, 2022 (Prepayment)	($5,000)	
Less: May 1, 2023 (Prepayment)	($5,000)	
Less: November 1, 2023	($110,000)	
Less: November 1, 2023 (Prepayment)	($5,000)	
Less: November 1, 2024	($115,000)	
Less: May 1, 2025 (Prepayment)	($5,000)	
Current Bonds Outstanding	$4,590,000	

Total Bonds Outstanding	$9,995,000

B.

Community Development District

Fiscal Year 2025 Assessment Receipts

ASSESSED TO	

# LOTS	SERIES 2015 DEBT SERVICE
ASMT	SERIES 2017 DEBT SERVICE
ASMT	

O&M ASMT	

TOTAL ASMTS	
TAX ROLL NET	635	429,732.19	364,728.02	317,980.57	1,112,440.78	
TOTAL DISTRICT NET	635	429,732.19	364,728.02	317,980.57	1,112,440.78	

RECEIVE FROM	

BALANCE DUE	SERIES 2015 DEBT SERVICE
RECEIVED	SERIES 2017 DEBT SERVICE
RECEIVED	

O&M RECEIVED	

TOTAL RECEIVED	
TAX ROLL RECEIVED / DUE	(18,162.44)	436,748.29	370,682.82	323,172.12	1,130,603.24	
TOTAL RECEIPTS / DUE	(18,162.44)	436,748.29	370,682.82	323,172.12	1,130,603.24	

TAX ROLL RECEIPTS

ST JOHNS COUNTY DISTRIBUTION	

DATE	SERIES 2015 DEBT SERVICE
ASMT	SERIES 2017 DEBT SERVICE
ASMT	

O&M ASMT	

TOTAL RECEIVED	
1	11/5/2024	1,654.35	1,404.11	1,224.14	4,282.60	
2	11/15/2024	14,461.29	12,273.78	10,700.63	37,435.70	
3	11/19/2024	12,449.30	10,566.13	9,211.86	32,227.29	
4	12/6/2024	32,925.91	27,945.32	24,363.54	85,234.77	
5	12/19/2024	16,677.27	14,154.55	12,340.36	43,172.18	
6	1/9/2025	314,796.10	267,177.93	232,933.54	814,907.57	
INT DIST 1	1/13/2025	926.67	786.49	685.69	2,398.85	
7	2/20/2025	29,549.02	25,079.23	21,864.81	76,493.06	
8	4/8/2025	4,382.19	3,719.31	3,242.60	11,344.10	
INT DIST 2	4/14/2025	457.78	388.54	338.74	1,185.06	
10	7/10/2025	3,826.87	3,247.99	2,831.70	9,906.56	
INT DIST 3	10/9/2025	33.58	28.50	24.84	86.92	
EXCESS FEES	10/28/2025	4,607.97	3,910.94	3,409.67	11,928.58	
		-	-	-	-	
		-	-	-	-	
TOTAL TAX ROLL RECEIPTS		436,748.29	370,682.82	323,172.12	1,130,603.24	

PERCENT COLLECTED TAX ROLL	102%	102%	102%	102%	

C.

COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2025
Check Register

Fund	Date	check #'s	Amount	Total

General Fund
7/1/25 -7/31/25	1246-1255	$14,897.09		
8/1/25 -8/31/25	1256-1267	21,432.65		
9/1/25 -9/30/25	1268-1278		28,371.96 		
			$64,701.70	
Capital Reserve
7/1/25 -7/31/25	
3-4	
$17,974.00		
8/1/25 -8/31/25	5-6	7,451.74		
9/1/25 -9/30/25	7-8		21,076.00 		
			$46,501.74	
		TOTAL	$111,203.44	

* Fedex Invoices available upon request				

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/01/25 00036	6/25/25 3203	202506 320-57200-46300	*	350.00
REPLMT (5) LIGHT BULBS
FIRST CHOICE AQUATICS	350.00 001246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/01/25 00038	6/29/25 062925-2 202506 320-57200-46600	*	881.75
RPL LANDSCAPE LIGHTING
CARLTON J MURPHY	881.75 001247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/01/25 00032	6/30/25 3584475	202503 310-51300-31500	*	308.00
MAR GENERAL COUNSEL
6/30/25 3584475. 202504 310-51300-31500	*	115.50
APR GENERAL COUNSEL
KUTAK ROCK LLP	423.50 001248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/08/25 00036	4/23/25 3087	202504 320-57200-46300	*	420.00
REPLMT (6) LIGHT BULBS
FIRST CHOICE AQUATICS	420.00 001249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/08/25 00036	7/01/25 3253	202506 320-57200-46100	*	2,100.00
JUL LAKE MAINTENANCE
7/01/25 3253	202506 320-57200-46100	*	1,000.00
ADD'L MONTHLY TREATMENTS
FIRST CHOICE AQUATICS	3,100.00 001250

7/08/25 00001	7/01/25	
	7/01/25	
	7/01/25	
	7/01/25	
	7/01/25	
	7/01/25	
	7/01/25	
	7/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
139	202507 310-51300-34000	*	4,557.83
JUL MANAGEMENT FEES
139	202507 310-51300-52000	*	100.00
JUL WEBSITE ADMIN
139	202507 310-51300-35100	*	150.00
JUL INFORMATION TECH
139	202507 310-51300-31200	*	655.50
JUL DISSEMINATION SVCS
139	202507 310-51300-51000	*	.33
OFFICE SUPPLIES
139	202507 310-51300-42000	*	7.59

202507	310-51300-42500	*	9.30	
202507	310-51300-41000	*	9.62	

POSTAGE 139
COPIES 139
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	5,490.17 001251
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/08/25 00023	6/30/25 2029077	202506 320-57200-46400	*	376.74
JUN WATERFALL FOUNT/CHEMS
INNOVATIVE FOUNTAIN SERVICES INC	376.74 001252
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
IBTR ISLES OF BRTRM TLEE

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/08/25 00018	7/01/25 427360	202507 320-53800-45501	*	500.00
JUL MANAGEMENT SERVICES
VESTA PROPERTY SERVICES, INC.	500.00 001253
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/25 00022	7/01/25 946705	202507 320-57200-46200	*	3,243.93
JUL LANDSCAPE MAINTENANCE
YELLOWSTONE LANDSCAPE	3,243.93 001254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/25 00022	7/22/25 957968	202507 320-57200-46200	*	111.00
IRRIGATION REPAIRS
YELLOWSTONE LANDSCAPE	111.00 001255
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/25 00036	8/01/25 3288	202508 320-57200-46100	*	2,100.00
AUG LAKE MAINTENANCE
8/01/25 3288	202508 320-57200-46100	*	1,000.00
ADD'L MONTHLY TREATMENTS
FIRST CHOICE AQUATICS	3,100.00 001256
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/25 00038	7/29/25 072925-3 202507 320-57200-46600	*	1,853.77
INSTAL IRRIGATION METER
CARLTON J MURPHY	1,853.77 001257
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/25 00023	7/31/25 2029294	202507 320-57200-46400	*	202.50
JUL WATERFALL FOUNT MAINT
7/31/25 2029294	202507 320-57200-46400	*	159.29
JUL CHEMICALS ADDED
INNOVATIVE FOUNTAIN SERVICES INC	361.79 001258
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/25 00018	8/01/25 427797	202508 320-53800-45501	*	500.00
AUG MANAGEMENT SERVICES
VESTA PROPERTY SERVICES, INC.	500.00 001259

	*	4,557.83	
	*	100.00	
	*	150.00	
	*	655.50	
	*	.27	
	*	92.00	

OF BRTRM TLEE	*	33.75	

8/11/25 00001	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
141	202508 310-51300-34000
AUG MANAGEMENT FEES
141	202508 310-51300-52000
AUG WEBSITE ADMIN
141	202508 310-51300-35100
AUG INFORMATION TECH
141	202508 310-51300-31200
AUG DISSEMINATION SVCS
141	202508 310-51300-51000
OFFICE SUPPLIES
141	202508 310-51300-42000
POSTAGE
141	202508 310-51300-42500
COPIES
IBTR ISLES

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/01/25 141	202508 310-51300-41000	*	5.82
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	5,595.17 001260
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/19/25 00041	7/31/25 7249862	202507 310-51300-48000	*	216.20
NOTICE OF BUDGET MTG-8/8
GANNETT MEDIA CORP DBA GANNET	216.20 001261
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/19/25 00022	8/01/25 968682	202508 320-57200-46200	*	3,243.93
AUG LANDSCAPE MAINTENANCE
YELLOWSTONE LANDSCAPE	3,243.93 001262
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00016	8/19/25 00252-25 202508 310-51300-33000	*	4,400.00
SE2017 TRUSTEE FEES
THE BANK OF NEW YORK MELLON	4,400.00 001263
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00025	6/20/25 06202025 202505 320-57200-46500	*	748.68
REMIB JEA IRRIG 6/20/25
CELESTINA MASTER HOA	748.68 001264
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00025	7/21/25 07212025 202506 320-57200-46500	*	751.61
REMIB JEA IRRIG 7/21/25
CELESTINA MASTER HOA	751.61 001265
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00032	8/25/25 3612312	202505 310-51300-31500	*	409.50
MAY GENERAL COUNSEL
8/25/25 3612312. 202506 310-51300-31500	*	141.00
JUN GENERAL COUNSEL
KUTAK ROCK LLP	550.50 001266
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00022	8/22/25 977828	202508 320-57200-46200	*	111.00
IRRIGATION REPAIRS-AUG25
YELLOWSTONE LANDSCAPE	111.00 001267
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00036	8/29/25 3325	202508 320-57200-46100	*	1,750.00
ONE TIME TREATMENT-POND 7
FIRST CHOICE AQUATICS	1,750.00 001268
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00036	9/01/25 3341	202509 320-57200-46300	*	400.00
QRTLY FOUNTAIN MAINT
FIRST CHOICE AQUATICS	400.00 001269
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00036	9/01/25 3372	202509 320-57200-46100	*	2,100.00
SEP LAKE MAINTENANCE
9/01/25 3372	202509 320-57200-46100	*	1,000.00
ADD'L MONTHLY TREATMENTS
FIRST CHOICE AQUATICS	3,100.00 001270
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

9/09/25 00001	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	

142	202509 310-51300-34000	*	4,557.83
SEP MANAGEMENT FEES
142	202509 310-51300-52000	*	100.00
SEP WEBSITE ADMIN
142	202509 310-51300-35100	*	150.00
SEP INFORMATION TECH
142	202509 310-51300-31200	*	655.50
SEP DISSEMINATION SVCS
142	202509 310-51300-51000	*	.54

202509 310-51300-42000	*	13.32	
202509 310-51300-42500	*	30.15	

OFFICE SUPPLIES 142
POSTAGE 142
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	5,507.34 001271
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00013	9/04/25 28099	202509 310-51300-35300	*	600.00
ARB SE2017 FYE 7/31/25
GRAU & ASSOCIATES	600.00 001272
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00023	9/02/25 2029558	202508 320-57200-46400	*	202.50
AUG WATERFALL FOUNT MAINT
9/02/25 2029558	202508 320-57200-46400	*	112.85
AUG CHEMICALS ADDED
INNOVATIVE FOUNTAIN SERVICES INC	315.35 001273
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/09/25 00018	9/01/25 428236	202509 320-53800-45501	*	500.00
SEP MANAGEMENT SERVICES
VESTA PROPERTY SERVICES, INC.	500.00 001274
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/16/25 00041	8/31/25 7301725	202508 310-51300-48000	*	75.44
NOTICE OF FY26 MEETINGS
GANNETT MEDIA CORP DBA GANNET	75.44 001275
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/16/25 00022	9/01/25 990977	202509 320-57200-46200	*	3,243.93
SEP LANDSCAPE MAINTENANCE
YELLOWSTONE LANDSCAPE	3,243.93 001276
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/23/25 00025	9/10/25 09102025 202507 320-57200-46500	*	141.90
REMIB JEA IRRIG 8/19/25
CELESTINA MASTER HOA	141.90 001277
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/23/25 00006	9/18/25 29495	202509 300-15500-10000	*	12,738.00
FY26 INSURANCE RENEWAL
EGIS INSURANCE ADVISORS LLC	12,738.00 001278
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	64,701.70

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	64,701.70

IBTR ISLES OF BRTRM TLEE

INVOICE
First Choice Aquatics
14289 Denton Rd
Jacksonville, FL 32226

firstchoiceaquaticsjax@gmail.com
+2267031

Bill to
Isles of Bartram Park

Ship to
Isles of Bartram Park

Invoice details
Invoice no.: 3203
Terms: Net 30
Invoice date: 06/25/2025 Due date: 07/25/2025

#	Date	Product or service	Description		Qty	Rate	Amount	

1.	Fountain Repair			5	$70.00	$350.00	
			
Total			$350.00	
1 70.00 Pond 1 Fountain: Replaced 1 light bulb
2 140.00 Pond 2 Fountain: Replaced 2 light bulbs
1 70.00 Pond 3 Fountain: Replaced 1 light bulb
1 70.00 Pond 4 Fountain: Replaced 1 light bulb

RECEIVED
By Tara Lee at 9:15 am, Jun 26, 2025

HE

High Tide Electric
9758 Redbird Creek Dr S Jacksonville, FL 32221 US
+19043432153
carlton. hightideelectric@gmail.com

HIGH TIDE ELECTRIC

INVOICE
Elll.L TO
Isles of Bartram Park COD
200 Business Park Circle, Suite 101
St. Augustine, FL 32095

li>NOiCE DATE TEfUv1S DUE DATE

062925-2
06/29/2025
Net 30 07/29/2025

DATE	SERVICE	DESCRIPTION	QTY	RATE	AMOUNT

06/10/2025

06/24/2025

Labor

Labor

Troubleshot entrance lighting circuit. Disconnected lights behind entrance monument wall causing lighting circuit to trip.
Replaced two landscape light fixtures located behind entrance monument wall. Replaced one landscape light fixture located under first palm tree in entrance island.

150.00	150.00

350.00	350.00

Material	381.75	381.75
BALANCE DUE	$881.75

RECEIVED
By Tara Lee at 9:15 am, Jun 30, 2025

Page i of 1

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

June 30, 2025

Check Remit To: Kulak Rock LLP PO Box 30057

Omaha, NE 68103-1157

Jim Oliver
Isles of Bartram Park CDD
Governmental Management Services - St. Augustine Suite 114
475 West Town Place
St. Augustine, FL 32092	hlvoice No. 3584475

Re:	Isles of Baitrnrn Park CDD - General
For Professional Legal Services Rendered

03/08/25

G. Lovett

0.30

79.50

Monitor legislative process relating to matters impacting special districts

TOTAL HOURS

1.70

TOTAL FOR SERVICES RENDERED

$423.50

TOTALCURRENTAMOUNTDUE

$423.50

RECEIVED
By Tara Lee at 12:03 pm, Jun 30, 2025

10623-1

03/13/25	W. Haber	0.50	117.50	Review	audit	and	confer	with	
				Peregrino regai·ding same	
03/18/25	W.Haber	0.20	47.00	Review	and	respond	to	auditor	
				mquny	
03/31/25	P. Avrett	0.40	64.00	Coordinate response to auditor letter	
04/12/25	L. Whelan	0.30	115.50	Monitor legislative process relating	
				to matters impacting special districts	

PRNILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

INVOICE
First Choice Aquatics 14289 Denton Rd
Jacksonville, FL 32226

firstchoiceaquaticsjax@gmail.com
+2267031

Bill to
Isles of Bartram Park

Ship to
Isles of Bartram Park

Invoice details
Invoice no.: 3087
Terms: Net 30
Invoice date: 04/23/2025 Due date: 05/23/2025

Date	Product or service	Description	Qty	Rate	Amount	
Fountain Repair	Ponds 1, 2, 3, 4. Replaced a total of 6	
6	
$70.00	$420.00	
light bulbs				

Total			$420.00	
RECEIVED
By Tara Lee at 1:02 pm, Jul 07, 2025				

#

1.

First Choice Aquatics
14289 Denton Rd Jacksonville, FL 32226 USA
+2267031
firstchoiceaquaticsjax@gmail.com

BILL TO
Isles of Bartram Park C/OGMS,LLC
475 West Town Place, Suite 114
St. Augustine, Florida 32092

INVOICE # 3253
DATE 07/01/2025
DUE DATE 07/31/2025
TERMS Net30

SEIWICE
Lake Maintenance
Maintenance

DESCFllPTION
Isles of Bartram Park Additional Treatments monthly

CHY	Hi\TE
2,100.00

1	1,000.00

i\MCJU�IT
2,100.00

1,000.00

Services rendered are for the month listed above.

SUBTOTAL TAX TOTAL

RECEIVED
By Tara Lee at 11:44 am, Jul 01, 2025

BALANCE DUE

3,100.00
0.00
3,100.00
$3,100.00

Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Invoice

Bill To:
Isles of Bartram Park COD 475 West Town Place Suite 114
At. Augustine, FL 32092

Invoice #: 139
Invoice Date: 7/1/25
Due Date: 7/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - July 2025 Website Administration - July 2025 Information Technology - July 2025
Dissemination Agent Services - July 2025 Office Supplies
Postage Copies Telephone		4,557.83
100.00
150.00
655.50
0.33
7.59
9.30
9.62	4,557.83
100.00
150.00
655.50
0.33
7.59
9.30
9.62	

RECEIVED
By Tara Lee at 9:10 am, Jul 03, 2025

Total	$5,490.17	
Payments/Credits	$0.00	
Balance Due	$5,490.17	

Innovative Fountain Services, Inc
11637 Columbia Park Dr E Ste 4
Jacksonville, FL 32258-4493
USA
admin@innovativefountainservices.com

BILL TO

DATE

ACTIVITY
Maintenance Service

Chemicals

BALANCE DUE

$376.74

RECEIVED
By Tara Lee at 8:46 am, Jul 01, 2025

Isles of Bartram Park CDD 475 West Town Place Ste 114 Saint Augustine, FL 32092

INVOICE # 2029077
DATE 06/30/2025
DUE DATE 07/30/2025
TERMS Net30

DESCFllPTIOI\I	ClTY	l�/\IT,	fllvlOU�rl	
Monthly Stationary Maintenance Waterfall Fountain- June	1	202.50	202.50	
Chemicals Added	1	174.24	174.24	

Invoice

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202

Invoice# Date

Terms Due Date Memo

427360
07/01/2025

Due on receipt
07/01/2025
WGV - MANAGEMENT

Bill To
Isles of Bartram Park COD 475 WestTown Place
Suite 250
Jacksonville FL 32092

MANAGEMENT SERVICES	500.00	500.00

Total	500.00

RECEIVED
By Tara Lee at 11:42 am, Jul 01, 2025

c/o GMS-NF, LLC
475 West Town Pl, Suite 114 Saint Augustine, FL 32092
Property Name: Celestina-Isles of Bartram COD
Address:		475 West Town Pl Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  July 31, 2025

Invoice Amount:	$3,243.93

:',	I	,	•	•	•

Monthly Landscape Maintenance July 2025	$3,243.93

Invoice Total	$3,243.93

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 8491 Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

c/o GMS-NF, LLC
475 West Town Pl, Suite 114 Saint Augustine, FL 32092
Property Name: Celestina-Isles of Bartram COD
Address:	475 West Town Pl Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  August 21, 2025

Invoice Amount:	$111.00

.,	.	..	.	.	..
July 1rngat1on repaJrs-2025
Irrigation Repairs	$111.00

Invoice Total	$111.00

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

First Choice Aquatics
14289 Denton Rd Jacksonville, FL 32226 USA
+2267031
firstchoiceaquaticsjax@gmail.com

BILL TO
Isles of Bartram Park C/O GMS,LLC
475 West Town Place, Suite 114
St. Augustine, Florida 32092

INVOICE# 3288
DATE 08/01/2025
DUE DATE 08/31/2025
TERMS Net30

	

SGlVIC[
Lake Maintenance
Maintenance

Isles of Bartram Park Additional Treatments monthly

c.rrv	IIAIE
1	2,100.00

1	1,000.00

/\MOUi\!T
2,100.00

1,000.00

Services rendered are for the month listed above.

SUBTOTAL TAX TOTAL

RECEIVED
By Tara Lee at 12:38 pm, Aug 01, 2025

BALANCE DUE

3,100.00
0.00
3,100.00
$3,100.00

High Tide Electric
9758 Redbird Creek Dr S	HE
Jacksonville, FL 32221 US
+19043432153	
carlton.hightideelectrlc@gmail.com			
		HIGH TIDE
ELECTRIC	

INVOICE			
GiLL TO	!N\/OICE�	072925-3	
Isles of Bartram Park CDD	D/\TE	07/29/2025	
200 Business Park Circle, Suite 101	TEi-:�fv1'.·)	Net 30	
St. Augustine, FL 32095	IJUE D/\fT:·	08/28/2025	

DATE 07/17/2025

SERVICE

Labor

DESCRIPTION

Installed a new 100Airrigation meter/main electrical panel for new fountain in Celesta Pkwy pond. New meter main passed inspection, and new service can be requested for 471Celesta Pkwy IR01.

QTY	RATE	AMOUNT

1	1,200.00	1,200.00

Material Permit

1	578.17
1	75.60

578.17
75.60

Elf\l_;\NCE DUE	$1,853.77

RECEIVED
By Tara Lee at 1:46 pm, Jul 29, 2025

Innovative Fountain Services, Inc
11637 Columbia Park Dr E Ste 4
Jacksonville, FL 32258-4493
USA
admin@innovativefountainservices.com

BILL TO

BALANCE DUE

$361.79

RECEIVED
By Tara Lee at 12:11 pm, Jul 31, 2025

Isles of Bartram Park CDD 475 West Town Place Ste 114 Saint Augustine, FL 32092

INVOICE # 2029294
DATE 07/31/2025
DUE DATE 08/30/2025
TERMS Net30

Di\ Tl':	Dl.,SCFllF'llON	OTY	HAT!::	AIViOUhll	
Monthly Stationary Maintenance Waterfall	1	202.50	202.50	
Fountain- July				
Chemicals Added		159.29	159.29	

Invoice

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202

Invoice# Date

Terms Due Date Memo

427797
08/01/2025

Due on receipt
08/01/2025
WGV - MANAGEMENT

Bill To
Isles of Bartram Park CDD 475 West Town Place Suite 250
Jacksonville FL 32092

MANAGEMENT SERVICES	1 '	500.00.	500.00.

Total	500.00

RECEIVED
By Tara Lee at 10:00 am, Aug 01, 2025

Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Invoice

Bill To:
Isles of Bartram Park CDD 475 West Town Place Suite 114
At. Augustine, FL 32092

Invoice #: 141
Invoice Date: 8/1/25
Due Date: 8/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - August 2025 Website Administration - August 2025 Information Technology - August 2025
Dissemination Agent Services - August 2025 Office Supplies
Postage Copies Telephone		4,557.83
100.00
150.00
655.50
0.27
92.00
33.75
5.82	4,557.83
100.00
150.00
655.50
0.27
92.00
33.75
5.82	

RECEIVED
By Tara Lee at 12:51 pm, Aug 07, 2025

Total	$5,595.17	
Payments/Credits	$0.00	
Balance Due	$5,595.17	

*LocaliQ
Florida
GANNETT

Isles of Bartram Park COD c/o GMS LLC	789138	07/31125

Isles Of Bartram Park Cdd C/0 Gms Lie Shelby Stephens
475 W. Town Pl. Ste. 114
St Augustine, FL 32092-3649
11h111l1111,111hn11In111•llhl1111IllIII1111,I.,I,I•11,(,II•I	Legal Entity: Gannett Media Corp.
Terms and Conditions: Past due accounts are subject to Interest at the rate of 18% per annum or the maximum legal rate (whichever Is less}. Advertiser claims for a credit related to rates Incorrectly Invoiced or paid must be submitted in writing to Publisher within 30 days of the invoice date or the dalm will be waived. Any credit towards future advertising must be used within 30 days of Issuance or the credit will be forfeited,
All funds payable in US dollars.	
BILLING INQUIRIES/ADDRESS CHANGES 1-877-736-7612 or smb@ccc.gannett.com	FEDERAL ID 47-2390983	
Save A Tree! Gannett is going paperless. Enjoy the convenience of accessing your billing information anytime and pay online. To avoid missing an invoice, sign up today by reaching out to abgspeclal@gannett.com.	

		$0.00 	
Start-End Date Order Number	Product	Description	PO Number	Package Cost	
7111/25-7118/25 11350986	SAG St Augustine Record	Budget Notice		$216.20	

As an incentive for customers, we provide a discount off the total invoice cost equal to the 3.99% service fee if you pay with Cash/Check/ACH. Pay by Cash/Check/ACH and Savel

Total Cash Amount Due Seivice Fee 3.99%
*Cash/Check/ACH Discount
•Payment Amount by Cash/Check/ACH Payment Amount by Credit Card

$216.20

RECEIVED
By Tara Lee at 3:12 pm, Aug 11, 2025

$8.63
-$8.63
$216.20
$224.83

AilistTu\sPc:I'l'feli€;ii;Jiifa�fii'i'iJ�NP·R�1v1iijlfl-lT§]1fq'fi£.iq�\ivcrfiixg[�1elxM[iffsiliii}%,7,7·""·•,,..,.,,.,,,.••,,.•�•••
Yill'!VP!�§'NYM!l!i�r:,•ff.•••.·.•/.•·.·.·.•·;ii;., g�Q\ll'lr•�AY6'%·N
DD c/o GMS LLC	789138	0007249862
·\W!����M&�.,·it0:·.·•····s'���¥M3�''\·····.\•i•'·�r§•����M�J!;".Jt;;�:i1�\;i�J,-?.fJ�.i:·;;j[ .j;"(����fg;·•;w;T8!.f'-B'fA�cyj�gfJqM��
$0.00	$0.00	$0.00	$0.00	$0.00	$216.20	

Gannett Florida LocaliQ PO Box 631244
Cincinnati, OH 45263-1244	1-877-736-7612	$224.83	
	
To sl&n up for E-mailed invoices and online payments please contact abgspecial@gannett.com	
□□□□789138□□□□□□□□□□□□□7249862□□□2162067173

LOCALiQ
FLORIDA

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Snrah Sweeting
Isles of Bartram Park COD c/o GMS, LLC
475WTuwnPL# 114
St Augustine FL 32092-3649

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the St Augustine Record, published in St Johns County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of St Johns County, Florida, or in a newspaper by print in the issues of, on:

07/11/2025, 07/18/2025

Alliant further says that the website or newspaper complies with all legal requirements for publication in chapter SO, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who
to me, on 07/18/2025

Leg,

o

Notary, S ate of\.VJ, County of Brown
2"5· c6
i\i!y commission expires

ISLES OF BARTRAM PARK COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2026 PROPOSED BUDGET(S); AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Boord ol Supervisors ("Boord")
of lhe Isles of Bor!rom Pork Comrnuni1v 01>veloomcnt Oislricl
{"Dislrlcl")  will  ho\d D public
hearing ond reoulor mee!lny os follows:
DATE: Augus! 8, 2075
TIME: 10:00 om
LOCATION:	Governmenlrd Monogement Servkes, LLC
475 Wesl Town Ploce, Sui1c 11�
SI, AugusHne, Florido J2092
The purPOse of the public heorin9 \; lo receive commen1s ond obieclions on the odop1ion of !he Dl;trict•s proposed bud!loHs) for the fiscal veor beg!nn!n11 Odober l. 2025, ond ending September JO, W76 ("Proposed 8ud11e1"). A regulor Boord meetln11 ot lhe Dls!rk! w;\l olso be held o! 1he above 1tme where
!he Boord may consider onv other business lhol moy properlv come before it, A copy of the ogendo ond Proposed Budget moy be obloined ot !he ofliccs ot the Ois!rict Monogcr,	Governnm,1101
Monogemen!  Services,  47� wen

""'·

Town  Place, Sui!e-  llol,  SI. Augustine, Ftorldo 3Wn. {90�) 9�0 5850 ("District Monoser's Of/Ice"), during normal business hours, or bv visiting 1he Dlslrlc1's web�i!e n! llll�·/N1ww !slesnlhnrtrnm0�	
The public heorJng ond meeling ore open 111 1hc oubllc and will be conducted In occordonce wilh !hl' provisions ol Florido low. Thl' public hearing ond/or mel'tlng moy be cont!rmcd in progress lo II dote, time cerloln, and p\oce lo be speci!ied on
!Im record ol lhe public heoring
ondlor mce!lng. There moy be occosioos when aoord Supcrvlsors or Dis!ricl Stoll mc,y portic!oole by spcoKer telephone.
Any  person  reoiu\rin11  speciol
occommodotions al the public hearing or meellng becouse of o disobHfty or physical impoirmen! should con!oc! the Dts!ricl Monoger's Ofllce ot leos! fortv•elghl
(48) hours prior 10 the 1>ubllc heorfng ond mee!ing, 11 you c,re heor!ng or speech Jmpo)red, pleose ccnlod !he F!oddo Relay Service bY d!olino J.l·l, or J.600·955·8771 (TTY) I 1·80!J.9.5S,B770 {Voice), for old ln contoctlng lhe Dislrict Mm109N's OHlce.
E:och person who decl<Jes lo OPPcOI
any dcclslon mode by lhc Boord w!th respect to ony moller coMldered o1 the public heorim1 or mee!lng Is odvlscd tho! person wlll need o record of proceedings ond that accordingly, !he person n,oy need lo ensure !hot c, verbatim record o! the oroccedings ls mode•, including 1hc Jeslimonv (1r+d evidence unon which such onpcol is lo be bosed.
Jomes Oliver

Publication Cost:	$216.20		Dlstrlc! Monoger
July 11, 18. 202S (11350936)	
Tax Amount:	$0.00			
Payment Cost:	$216.20			
Order No:	11350986	# of Copies:		
Customer No:	789138	1		
PO#:				
THTS IS NOT AN INVOICE!
Please do m1I I/Sl' 1hisformfor payment remillwit·e.

MARIAH VERHAGEN
Notary Public State of Wisconsin

Page 1 of 1

Bill To:
Celestina-Isles of Bartram CDD c/o GMS-NF, LLC
475 West Town Pl, Suite 114 Saint Augustine, FL 32092
Property Name: Celestina-Isles of Bartram CDD
Address:	475 West Town Pl Suite 114
St. Augustine, FL 32092

	Net 30	
Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  August 31, 2025

Invoice Amount:	$3,243.93

RECEIVED
By Tara Lee at 11:40 am, Aug 04, 2025

Invoice Total	$3,243.93

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

BNY	INVOICE

For:

From:

GOVERNMENTAL MANAGEMENT SERVICES, LLC
Attn: Jim Oliver
475 West Town Place, Suite 114 World Golf Village
St Augustine, FL 32092
Unite(] States
The Bank of New York Mellon Trust Company, National
Association
333 South Hope Street Los Angeles, CA, 90071 United States

Invoice Number:  00252-25-0057656
Invoice Date: Aug 19, 2025
Due Date: Sep 18, 2025
Account Number: 1062859399-INV Cycle Date: Aug 1, 2025 Legacy Ref#: ISLES2017
Currency: USD

INVOICE	Total Payable Amount:
Current Period Subtotal: Current Period Tax: Current Period Total: Satisfied to Date: Balance Due:

4,400.QQ USD
4,400.00 USD
0.00 USD
4,400.00 USD
0.00 USD
4,400.00 USD

Terms: Payable upon receipt. Please reference the invoice and account number with your remittance.
Our Tax ID Number is 95-3571558. Please fax Taxpayer Certification requests to (732) 667-9576.
The Bank of New York Mellon Trust Company, N.A is located at 333 South Hope Street, Los Angeles, CA, 90071, United States.
Wire and ACH Payment Instructions:	Check Payment Instructions:

The Bank of New York Mellon
Corporate Trust Department
P.O. Box 392013
Pittsburgh, PA 15251-9013
Please enclose billing stub.

Details for Isles of Bartram Park Community Development District Special Assessment Bonds, Series 2017

Flat
Administration Fee

Quantity

Rate	Proration	Subtotal	Total (USD)

4,400.00

Total

For the period: Aug 1, 2025 to Jul 31, 2026 Flat Fee

4,400.00	4,400.00

4,400.00

GOVERNMENTAL MANAGEMENT SERVICES, LLC

Invoice Number: 00252-25-0057656
Account Number:  1062859399-INV
Invoice Date: Aug 19, 2025
Cycle Date: Aug 1, 2025

Celestina Master HOA, Inc	IlNfW(Q)IlCCIE
INVOICE DATE: 6/20/2025

To:	Jim Oliver
Isles of Bartram CDD
475 West Town Place, Suite 114 St Augustine, FL 32092

	DESCRIPTION		AMOUNT	
	Reimbursement for Irrigation Billing (10% of 05330)

(Reference JEA bill dated 6/20/2025)		$748.684	
Any questions please call Vesta WGV Office 904-747-0181		

TOTAL AMOUNT DUE		
	$748.684	

Make all checks payable to: Ce.ict"!Jina Mm;terHom']	Q!1f/1-fif'i.Associalion Please mail or deliver to Vesta Property Services 200 Business Park Circle Suite 101 St. Augustine FL 32095.

225 N. Pearl St.
Jacksonville, FL
®	32202-4513

(91 Phone: (904) 665-6000	4li) Online: jea.com

Account#: 1209880485
Bill Date:  06/20/25

Amount Due
$14,325.86

L_;	j �ve,o:,cur'lo"",ayment on 07/14/25.

Cycle:

14

Do not pay.AutoPaywill process

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC

Page 1 of 6

Total
N&w Charges
$14,325.86

Electric .................................................	$	5,190.20	
Water ..............................,.....................	7,761.26	
Sewer ...................................................	635.30	
Irrigation ...............................................	739.10	
rotaf New Charges	,	$	14,325.86	

i7!?"""l Electric
'"� ' $5.190.20
ycc;, Waler
•"c.c, $7,761.26
Sewer
�	$635.30

(A complete breakdown of charges can be found on the following pages.)

n../,-." ,. Irrigation

1

5739.10

Previous Balance	$
Payment(s) Received .......................... Balance Before New Charges .............. New Charges .......................................

Do no! pay. AutoPay will process your $ payment on 07114125.	•

13,366.02
-13,366.02
0.00
14,325.86

14,325.86

5/90,2  v

We delennined that your consumption was billed Incorrectly. Your next billing statement will Include the correction.

Change your light bulbs !o LEDs.

JEA's 2024 Annual Water Quality report is available a! jea.com/WQR2024. for a paper copy, email your address lo waterquallty@jea.com or call 665-6000 to request one.

7 L/ ,�c; .,9,4 i/
lG1/o ,Jz. ✓

11

PLEASE DETACH Ario RETURN PAYMENT STUB BELOW WITH TOTAL DUE IN ENVELOPE PROVIDED.	Additional information on reverse side. --+

r·	.. .il-!l.
l!l.....;	.:
SCAN TO PAY ONLINE

□ Check here for telephone/mall address correction and fill in on reverse side.

□

Add S	to my monthly bill: $  	for Neighbor lo Neighbor and/or $  	for the Prosperity Scholarsh:p Fund. I will notify JEA when I no longer wish to contribute.

TOTAL AMOUNT PAID

Do nol pay, AuloPay will process your payment on 07/14125.
$14,325.86

Acct#: 1209880485	Bill Date: 06/20/25

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC 200 BUSINESS PARK CIR STE 101
ST AUGUSTINE FL 32095-8824

Phone: (904) 665-6000
€1

Online: jea.com	Ii	CELESTINA MASTER PROPERTY

Account#:1209880485 Bill Date: 06/20/25 Cycle:	14

,_	OWNERS ASSOCIATION INC

Pa.9.e 3 of 6

Service ,L\ddress

. Ser\jlc_2_ }vpa

c:�0re;cs

Servi,>:- Point

Smvice Period	Bill Rate

110 AIHILA WY APT L.S01

I C •  .,  I"	,·..

DE!&;t Charges:Sasic Monthly Charge

w	�37.5{)
31.50

Red2.lri:
Commercial

05/14/2,. - 06115/25

Commercial Reclaimed Irrigation SerYLce

Inspection Fee

G.-00

I!.

q,3311,.?(r!

. [	dliltl	,�l,,£1
'	n:on�1irin I	T"rf'
:•.? I	1628.  I "'eguls.r

Consumption (1 cu fl= 7.43 £;al)
0 GAL

121 U\CAILLEAV APT JR01
Deloil Charges:Basic Monthly Charge
Inspection Fee
Tier 1 Cc::-,rnmpiion (1-14 kgal@ $3.81)

't'\J

$133·.22
31.50
6.00
ti�.n

ReclE;ir·, Commercial
--	·-
:...i,;ci�"
'•'\"'

05/19i25 - OB/16/25 Commercial
Reclaimed Irrigation
 Service	
Cur:n�·-·j- :-'.;:;.;iding	Consumption Ret:iding	Typ;,	(1 cu ft= 7.48 gal)

r-.1c1cr r�u:�b::r
26189702	
Dsrs
Billsd
32	
Cum:nl II Reading
Reading	Type
80777	Regular	
Consumption

7615 KWH	

	1	7199_�3 I	?�_ _I  34.99 _	?.�J_ular	12000 GAL	 		
123 CELESTA PY APT GATE	E	-$B4!:1-21	Gate		05115125 - 06/16125 General Service		
Detail Charges:Basic Monthly Charge
Energy Cl1arge ($0.0667 per kWh)
·r,ox Exempi rue! Cost ($0.0339 per l<Wh)		23.00
507.92			-		
Taxable Feel Cost (S0.00511 per kWh)		38.91					
Gross Receipls Tax		21.23					

?.SD.1S

16 ORIANA CT APT FS01
Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.0339 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax

E	!/)54"(.42
23.00
318.56
161.91
24.41
13.54

Commercial¥ Electric

05/15/25 - 06/16125 General Service

Meler
Number	
03)1S
Billed	
Current Reading	
Reading Type	Consumption	
24827846	32	62012	Regular	4TT6 KWH	

23 ANILA ST APT LS01

\N	$37.::iQ	Reclaim

05114125 - 06115/25 Commercial

6.00	
Meter Number
78582270	Days
Billed
32	
Current Reading
0	Reading
Type
Regular	Consumption
(1 cu ft= 7.48 gal)
0 GAL	

Detail Charges:Basic Monthly Charge

31.50

Commercial

Reciaimed !nigation Service

Service Address	Service Type	CharJl_es	Service Point	Service Period	Bill Rate

29 CELESTA PY APT IR01
Detail Charges:74 Unit(s) 40W LED PT
38 Unit(s) 72W LED PT
Fuel Charge
Gross Receipts Tax Florida State Sales Tax

E	$1,020.SD	Area Light 538.72
297.16
90.39
23.75
70.78

05/15125 - 06/16125 Street and Area Light
Rate

l.t:·,,-,

Elec.tnc
,.A., 1$1,020.80
�-" Water

?9 C[LESTA PY APT IR01
Dc'..?Jil Charges:Basic MonHl!y Charge
Inspection Fee

Vi	$0,366.25
201.60
liOD

f�eC!(iL,
Comn:crck::

Obi'Hi2C (10/15/25 Cornmerci,�t
Reclaimed lrrlgalion

Consumption
(1 cu ft• 7.48 gal)
1424000 GAL

Service

I

.

''"'� S6.366.25

·ne: •i Cenf·:::ripilon (1-14 kgc11@$;3,8·l)

liffF"I  '
Hi''	r·/<;.r;rlin9

/fng
!''PP

Tier 2 Consumption(> 14 kgal@ $4.33)

33 CELESTA PY
Detail Charges:Sasic Month!)' Charge
Fncrg,, Cha,ge ($0.0667 per kWh)

6.10030
fE	$576.22
23.00
3'.)�J.97

8900GD:33
Com1i1rc:::•,;;1•
Electric
.....,	1

22 ! 5662; i Regolar
0S/'i;i/2:S - rW,/15/?5 General Service

Tc;x =xBrniA F-;1el Gust ($0.0339 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax

26.05
14.41

'./t1 :·	1 • ,	Curten'.	i'.-;.:1ciing	Consumption

,,)w.i,r''	bfil,sc:	f-�eading	Typ�

!

22953��! ·--- _�:2 	 39337	RGg.ular	5097 KWH
22953660	31	10.28	.. Regular	10.28 KW

Electric
m	ss16.22
Water E:Z'I $60.51

33 CELESTA PY
Detail Charges:Basic Monthly Charge
Water Consumption Charge

'UV

t>.::�D.5'!
17.67
42.84

Cornme;,:.:ial •

·-····	-·----
Meter NurnbN
514057774	

n--::·:,,v,-�
Ri!1cd
32	
Current
Reading
227	
Reading
T,ve
Regular	
Consumption
(1 cu ft= 7.48 gal)
14000 GAL	�''f��:;'f/P'	

Water

05/1,�/25. 06/15/25 Commercial Waler
Service

 

33 STARLIS PL

�ction Fee	6.00
-14 kgal@$2.97)	?A.73	.
Meter
Numbcsr
82196211	
Days
Bil!ed
32	
Currenl
Reading
2253	
Reading
Type
Regular	
Consumption
(1 cu ft= 7.48 gal)
9000 GAL	

Detail Charges:Basic Monthly Charge

\rV	$51.63
18.90

Reclaim Residential

05/14/25-06/15/25 Residential
Reclaimed Irrigation

33 TALOR! AV APT IR01
Detail Charges:Basic Monthly Charge

vv	$SD.8.:4	Reclaim

Current Reading
4610

Days
Billed
32

Meter Number
78727792

31.50	Commercial
6.00
-14 kgal @$3.81)	53.34

05114125 - 06/15125 Commercial

..

Reclaimed Irrigation S,ervice
Reading	Consumption
Type	(1cu ft= 7.48 gal)

Ren11lar

14000 GAL

Service Address

�---ServiceType	Charges	Service Point

Service Period	Bill Rate

35 MANDARA WY
Detail Charges:Basic Monthly Charge
Energy Chmge ($0.0667 per kWl1)
T;::1:	l11ei Cusl ($0.IJ:.'-:·.1�! :)c- klNh) Taxable r:uc: Cci5t ($0.0051•i per i<VVh) Gross Receipi.s Tax
35 fViANDARA WY
DE.to!: 1Jiarges:Basic Monthly Charge
Water Consurnpiion Ch8rpc

35 MANDARA WY
Detail Charges:Basic Monthly Charge
Sewer Usage Charge

E	$2,'/it.28
23.00
1,288.64
/-{-' {-<(:
98.7:3
b'�.%
$19-6.24
159.52

s	$635.t,'.)
576.74

Commercial ..

t•,'.c�c.:
l'•iL!i'.1,

Curren'.
R:e.aOlng
"� I t;.0081
,::?. I	1

r':'.'-:ding Yype
Hqular r,egular

Consumption

22�8D't8'J
22/4897&0

19320 l(VvH
_-� 40 KW

Electric

CnnT1ui;,i
\/1/0\er/Sc\vcr

7925i£•1jf:
C:011,m<..\<)�,-I
Water/Scwer

05/15/25 - 06/16125 General Service

05/iA/25- OG/10/'JS Commercici! Water
Service

,	•	1 •• :· ,·	i1\;	C.::il"1B,•ll\b1Llcm
I <;ii', ,	q,3rt.ilnri )	T:irr�	(1 cu fl:-: 7.4-8 ga:l)
10   [	3080	[ kcgular	12000 GAL 05/1,1/25 - CG/'iS/25 Commercial Sewer
Service
I C�;���� 1 •• r\,-�:;Jng	Consumption

Electric

�	$2.118.28
Water
�]	$196.24
Sewer
111111 $635.30
Irrigation Hi� $739.10

35 MANDARA WY
Delail Charges:Basic Monthly Charge

�i739.'i Q
48.70

,		,	I"'' •	P.,ec,ding I		Tvr,	(1 cult=7.48gal) I!J251_8_.\4 -�2_ /	_30B0	R_cgular		12000 GAL
Irrigation 1 -	05/14/25 - 06/15/?5 Commercial Irrigation Commercial		Service

7 J<gal @ $3.49 kga!)
) J<ga! @ $4.69 I,gal)	24.43
6f!i.97	I	ivit•l':.'
I	Num;.nr
l 78261618	
!Jf:y:c
Billed	
Current
Reading	
Reading Type	Consumption
(1 cu ft=7.48 gal)	
			32	23767	Regular	149000 GAL	

. ---	--·---- -	--

44 CALLIEL WY APT IR01

6.00
-14 l<gal @ $3.81I	53.35
14 kgal @ S4.33)	610.52	··- -
Meter Number
86322464	
Dc1ys
Brll�d
32	
Current Reading
6423	
Reading Type
Regular	
Consumption
(1 cu ft=7.48 gal)
155000 GAL	

Me!er
Number
23650846	
Days Billed
32	Current
Reading
14557	Reading
Type
Regular	
Consumption

281 KWH	

Detail Charges:Basic Monlhly Charge

',JI!	$732,87
63.00

Reclaim Commercial

05/14125- 06115/25 Commercial
Reclaimed Irrigation
.S,ervice

56 CALLIEL WY APT IR01
Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.0339 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax
Florida State Sales Tax

E
23.00
18.74
9.53
1.44
1.35
4.03

Irrigation 1 - Electric

05/15/25 - 06/16/25 General Service

Service Address		 57 SOLIS AV APT LS01
Detail Charges:Basic Monthly Charge
Inspection Fee

Service Type	Charges	 Service_Point
IN	$87.03	Reclaim
31.50	Commercial G.00

Service PeriocJ_ 	l:!iU_R:;:ac:te'------------------- 05/14/25 - 06/15125 Commercial
Reclaimed Irrigation

I..	!	Curre'lf	! �: ,,::�vM,	Consumption	
	(1 cu fi = 7.48 gal)
OGAL	
	13000 GIil	

�ervice

·; /:;r ·1 >-'

' I�·'I

I
7.3582271

' f":i[, !  i-1::diP£! I	·(::pe'

I

I -, I	1601	I Regular

65 DELANO ST
Detail Charges:Basic Monthly Charge
'~··'   : ,,:1  .'i :.
Tbx	:�ucl Co�t ($0.U:-::-'�: :1,::,

514-0645/.1
E	$26,18	Cu\11'::l; 6r·!.
Elec[ric
23.00

I  '	-	-1·	--------- --
i  ;JC,	13	I kl;oular
05n5i2G � OS.1'!5/25 General Service

:.·u;rt.!�  I	-. -�;ng	Consumption

I

;-�0ading	Type

"""""""Electric

Iaxable Fuel Ccst ($0.00511 rer I,Wh)
Gross Receipts Tax
Florida Stale Sales Tax

(lJJ4
0.0'1
1.82

1411380(1

I ,? I

3006	i _ Reg�:lar I	7 KWH	I

L£l22 S26.18
Water
G3c $17.67

65 DELANO ST
Detail Charges:Basic Monthi)' Charge

'dv'

$17.e7 17.67

Co;r117(;r:\0l
Waler

Mu.21·
Num!·•r-r
79232848

05/1!;/25. C6/'ifJ?5 Commercial Water
Service

I

I,,,,,1 Currenl. ·1 Reeding	Consumption

_I _

I Bi!!t:d.	Rcadi.ng ...  Tyne	(1 cu ft= 7.48 gaQ
32	()__	Regular	O GAL

	

Celestina Master HOA, Inc	IINW(O)IICCIE
INVOICE DATE: 7/21/2025

To:	Jim Oliver
Isles of Bartram COD
475 West Town Place, Suite 114 St Augustine, FL 32092

	DESCRIPTION		AMOUNT	
	Reimbursement for Irrigation Billing (10% of 05330)

(Reference JEA bill dated 7/21/2025)		$751.61	
Any questions please call Vesta WGV Office 904-747-0181		

TOTAL AMOUNT DUE		
	$751.61	

Make all checks payable to: C<J!_f;::,Urr@...M_aster J-fomaoyvners l}i::,socfatinn  Please mail or deliver to
Vesta Property Services 200 Business Park Circle Suite 101 St. Augustine FL 32095.

225 N. Pearl St.

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC

Page 1 of 6

Jacksonville, FL 32202-4513
Phone: (904) 665-6000	ti Online: jea.com

Account#:1209880485 Bill Date: 07/21/25 Cycle:	14

Arm:;un'I •D•u•e••
$14,524.53
Do not pay. AutoP..ay will process
....	��ymer1ton 08/12/25.

·-[

Electric .................................................
Water ....................................................
Sewer ...................................................
Irrigation ............................................... Total New Charges .............................

$	5,441.47
7,797.01
654.82
631.23
14,524.53

F ---, Electric
1 $5,441.47
_	Water
:C:�l 57,797.01
Sewer S654.82

(A complete breakdown of charges can be found on Iha fol/owing pages.)

·c:--.•~.i Irrigation

l

,,,, $631.23

Previous Balance .................................
Payment(s} Received .......................... Balance Before New Charges .............. New Charges .......................................

$	14,325.86

To!al
Nnw Charges
$14,524.53

-14,325.86
0.00
14,524.53

Do no! pay. Auloi>ay will proc;ess your	$
payment on 08/12/25.

Visit jea.com to make sum your contact. info is current so we can reach you with important service updates and during severe wea!hor.

JEA's 2024 Waler Quality repotl is available al jea.com/WQR2024. This report contains important information about the source and quality of your drinking water. To request a paper copy, email your address to waterquallty@jea.com or <;all
665-6000.

PLEASE DETACH AND RETURN PAYMENT STUB BELOW WITH TOTAL DUE IN ENVELOPE PROVIDED.	Additional information on reverse side. -11>-

SCAN TO PAY ONLINI"'

Check here for telephonefmall address correction and fill in on reverse side.
Add S	to my monthly bill: $  	for Neighbor to Neighbor and/or S	for

i')

the Prosperity Scholarship Fund. I will notify JEAwhen I no longer wish to contribute.

Do not pay. AutoPay wlll pro::ess your payment on 08/12i25,  TOTAL AMOUNT PAID
$'1-''41:>:)"l!�,�' •.R,J'?\J

Acct#: 1209880485	Bill Date: 07/21/25

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC
200 BUSINESS PARK CIR STE 101
ST AUGUSTINE FL 32095-8824

Account#:1209880485 Bill Date: 07/21/25 Cycle:	14

Pa.9-e 3 of 6

0	Phone: (904) 665-6000	1

A	Online- ·ea com  II	CELESTINA MASTER PROPERTY
V	•	•	-	OWNERS ASSOCIATION INC
e

Service Address	Service Type	Char_g_es	Service Point	Service Period	Bill Rate

110 ANTILA WY APT LSO1

vv	$37.OG	Reclaim

06/15/25 • 07/15/25 Commercial

Detail Charges:Basic Monthly Charge

31.50
6.00

Commercial

Reclaimed Irrigation

	Meter
Number
86614801	
Days Billed
30	
Current
Reading
1629	
Reading
Type
Regular	
Consumptl6n
(1 cu ft• 7.48 gal)
0 GAL	

.S...e..r, v..i..c..e..

121 LACAILLEAV APT IR01
Detan Charges:Basic Monthly Charge

w	$83.22
31.50

	Meter
Number
71996681	Days Billed
31	Current
Reading
3511	Reading Type
Regular	Consumption
(1cu ft• 7.48 gal)
12000 GAL	

6.00
-14 kgal@$3.81)	45.72

Reclaim Commercial

06116125- 07117/25 Commercial
Reclaimed Irrigation
.S..,e..r,,v.,i.c.,,e.,

123 CELESTA PY APT GATE
Detail Charges:Basic Monthly Charge		$82�:s?:
23.00	Gate	06/16125- 07116/25	General Service	
Energy Charge ($0.0667 per kWh)		485.58				
Tax Exempt Fuel Cost ($0.03614 per kWh)		263.10				
Taxable Fuel Cost (S0.00511 per kWh)		37.20				
Gross Receip_ts Tax		20.74				
16 ORIANACTAPTFS01	E	'$521�37	Commercial R	06/16125 - 07/16125	General Service	

Meter
Number
26189702	Days Billed
30	Current
Reading
88057	Reading
Type
Regular	Consumption

7280KWH	

Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03614 per kWh) Taxable Fuel Cost (S0.00511 per kWh) Gross Recei_ll_ts Tax

23.00
299.88
162.49
22.97
13.03

Electric

Meter
Number
24827846	Days Billed
30	
Current Reading
66508	Reading Type
Regular	Consumption

4496 KWH	

23 ANILA ST APT LS01
Detail Charges:Basic Monthly Charge

vv	:;:n.so	Reclaim

Meter Number
78582270	
Days Billed
30	
Current Reading
0	
Reading
Type
Reaular	
Consumption (1 cuft•7.48gal)
OGAL	

31.50	Commercial
6.00

06/15/25- 07/15/25 Commercial
Reclaimed Irrigation
.S...e...r,v.,i,c.,.e...

Service Address	Service Txe_e		Char_g_es	Seivice Point	Service Period	Bill Rate	
29 CELESTA PY APT IR01		E	&'i1fi'l9.9:tt	Area Ughl	06/16/25 - 07/16/25	Street and Area Light	

Detail Charges:74 Unit(s) 40W LED PT
38 Unit(s) 72W LED PT
Fuel Charge
Gross Receipts Tax Florida State Sales Tax
29 CELESTA PY APT IR01
Detail Charges:Basic Monthly Charge

1h'

538.72
297.16
89.60
23.73
70.72
$G,5t:,3,7S
201.60

Reclaim
Commercial

Rate

06/15/25- 07/15/25 Commercial
Reclaimed Irrigation

6.00
4 kgal@ $3.81)	53.35
4 kgal @ S4.33)	6.282.83	
Meter Number
89006063	
Days Billed
30	
Current
Reading
58089	
Reading
Type
Regular	
Consumption
(1 cu ft=7.48 gal) 1465000 GAL	

.S.,.e...r,.v,.i.c,.e.,

-=-� Electric

t.2ill& $1,019.93
;:-T-, Water
""'· $6,543.78

33 CELESTA PY
Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03614 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax
33 CELESTA PY
Detail Charges:Basic Monthly Charge

E	.$7;:r:t.2.2
23.00
421.48
228.37
32.29
18.08

17.67

Commercial -

Meter
Number
22953660	Days Billed
30	Current
Reading
45656	Reading
Type
Regular	Consumption

6319 KWH	
22953660	30	10.14	Regular	10.14 KW	

. Electric

Commercial �

Meter Number
514057774	
Days Billed
30	
Current Reading
240	
Reading Type
Renular	
Consumption
(1 cu ft=7.48 gal)
13000 GAL	

Water

06/16/25 - 07/16/25 General Service

06/15/25 - 07/15/25 Commercial Water
Service

�::--"i Electric.

l'L:;'.-:\_.; $723.22
,a-;,:v_l Water
,,c.v, $57.45

33 STARLIS PL
Detail Charges:Basic Monthly Charge

w	�3-9,75
18.90

Reclaim Residential

06/15/25-07/15/25 Residential
Reclaimed Irrigation

ection Fee	6.00
-14 kgal @ $2.97)	14.85	Meter
Number
82196211	Days Billed
30	Current
Reading
2258	Reading Type
Regular	Consumption
(1 cu ft=7.48 gal) 5000 GAL	

33 TALOR! AV APT IR01

6.00
-14 kgal@$3.81)	53.35
14 kgal @ S4.33)	4.32	
Meter Number
7872TT92	
Days Billed
30	
Current
Reading
4625	
Reading
Type
Regular	
Consumption
(1 cu ft= 7.48 gal)
15000 GAL	

Detail Charges:Basic Monthly Charge

'\iV	$95.i?	Reclaim
31.50	Commercial

06/15/25-07/15/25 Commercial
Reclaimed Irrigation
S--e·rv··ic-e-

Service Address	Service Type		Char_g_es	Service Point	Service Period	Bill Rate	
35 MANDARA WY		l,	
	Commercial -	06/16/25- 07/16/25	General Service	

Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03614 per kWh) Taxable Fuel Cost (S0.00511 per kWh) Gross Receipts Tax
35 MANDARA WY
Detail Charges:Basic Monthly Charge
Water Consumption Charge

35 MANDARA WY
Detail Charges:Basic Monthly Charge
Sewer Usage Charge

35 MANDARA WY
Detail Charges:Basic Monthly Charge

23.00
1,350.01
731.47
103.43
56.61
;;;;;;i)'2,,,;.;;-,
159.52
48.96

$	$ll-,,'¼,82
576.74
78.08

$-S:} : ,;J�),

48.70

Electric

Meter Number
22489790	
Days Billed
30	
Current Reading
40593	Reading Type
Regular	Consumption

20240KWH	
22489790	30	1.11	Regular	44.40KW	

Commercial -

Meler Number
79251944	
Days Bmed
30	Cllrrent Reading
3096	Reading
Type
Regular	Consumption
(1cu ft=7.48 gal)
16000 GAL	

Water/Sewer

Commercial -

Meter
Number
79251944	Days Billed
30	Current
Reading
3096	Reading
Type
Regular	Consumption
(1 cu ft=7.48 gal)
16000 GAL	

Water/Sewer

Irrigation 1 -
Commercial

06/15/25 - 07/15/25 Commercial Water
Service

06/15/25- 07/15/25 Commercial Sewer
Service

06/15/25- 07/15/25 Commercial Irrigation
Service

77'? Electric

ci.d $2,264.52
F'I Water
�->	$208.48
�i;J&: Sewer
,:J- $654.82
,,;777  Irrigation
-"""' $631.23

- 7 Kgal @ $3.49 kgal) 7 Kgal @ $4.69 kgal)	24.43
558.10	Meter
Number	Days Billed	Current
Reading	Reading
Type	Consumption
(1cu ft=7.48 gal)	
		78261618	25	23881	Regular	114000 GAL	
		100715201	5	12	Regular	12000 GAL	

44 CALLIEL WY APT IR01

Meter Number
86322464	
Days Billed
30	
Current
Rearfmg
8533	Reading
Type
Reoular	Consumption
(1cuft=7.48gal) 110000 GAL	

Detail Charges:Basic Monlhly Charge

56 CALLIEL WY APT IR01
Detail Charges:Basic Monthly Charge

S:,i•{	$538.02
63.00
6.00
-14 kgal@$3.81)	53.35
14 kgal@S4.33)	415.67
E
23.00

Reclaim
Commercial

Irrigation 1 - Electric

06/15/25 - 07/15/25 Commercial
Reclaimed Irrigation
S--e·rv_,ice

06/16/25- 07/16125 General Service

Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03614 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax
Flonda State Sales Tax

17.68

Meter
Number
23650846	Days Billed
30	Current
Reading
14822	Reading
Type
Regular	Consumption

265KWH	

9.58
1.35
1.32
3.94

Service Address	Service Type	Charll_eS	Service Point	Service Period	Bill Rate

-14 kgal@S3.81)
14 kgal @ $4.33)

6.00
53.35
47.62

S--e·rv·i·c-e-
Reading

Type
Regular

Consumption
(1 cu ft=7.48 gal)
25000 GAL

Current
Reading
38

Days Billed
30

Meter
Number
514064521

57 SOLIS AV APT LS01

Vu'	$i38.47	Reclaim

06115/25- 07/15/25 Commercial

Detail Charges:Basic Monthly Charge

31.50

Commercial

Reclaimed Irrigation

65 DELANO ST
Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03614 per kWh) Taxable Fuel Cost (S0.00511 per kWh) Gross Receipts Tax
Florida State Sales Tax
65DELANOST
Detail Charges:Basic Monthly Charge

I.S	$25.94
23.00
0.33
0.18
0.03
0.60
1.80
:rn.01
17.67

Commercial -

Meter
Number
14113889	Days Billed
30	
Current Reading
3011	Reading
Type
Regular	Consumption

5KWH	

Electric

Commercial -
Water

06116/25 - 07/16125 General Service

06/15125- 07115/25 Commercial Water
Service

Electric

-�-·

�	$25.94
Water
:!BJ $17.67

Meter
Number
79232848	Days Billed
30	
Current Reading
0	Reading
Type
Regular	Consumption
(1 cu ft=7.48 gal)
0 GAL		

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

August 25, 2025

Check Remit To: Kutak Rock LLP PO Box 30057

Omaha, NE 68103-1157

RECEIVED
By Tara Lee at 4:03 pm, Aug 25, 2025

Jim Oliver
Isles of Bartram Park CDD
Governmental Management Services - St. Augustine Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3612312
10623-1

Re:	Isles of Bartram Park CDD - General For Professional Legal Services Rendered
05/08/25	W. Haber	0.30	70.50	Prepare	for	Board	meeting	and	
				review budget	
05/09/25	W.Haber	0.60	141.00	Prepare for and participate in Board	
				meeting	
05/10/25	G. Lovett	0.30	79.50	Monitor legislative process relating	
05/23/25	W. Haber	0.30	70.50	to matters impacting special districts Review budget notices	
05/23/25	K. Jusevitch	0.40	48.00	Prepare budget hearing notice and c01Tespond with distJict manager	
06/06/25	W.Haber	0.60	141.00	Prepare for and participate in Board	
				meeting	

TOTAL HOURS	2.50

TOTALFORSER\�CESRENDERED TOTALCURRENTAMOUNTDUE

$550.50
$550.50

PR!VlLEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

---

"	YELLOWSTONE
�'il!ia.-.	--�----
�
Bill To:
Celestina-Isles of Bartram CDD c/o GMS-NF, LLC
475 West Town Pl, Suite 114 Saint Augustine, FL 32092
Property Name:  Celestina-Isles of Bartram CDD
Address:		475 West Town Pl Suite 114
St. Augustine, FL 32092

INVOICE

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017

Invoice Due Date:  September 21, 2025

Invoice Amount:	$111.00

I	t	•	•	•
August irrigation repairs - 2025
Irrigation Repairs	$111.00

Invoice Total	$111.00

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

INVOICE
First Choice Aquatics 14289 Denton Rd
Jacksonville, FL 32226

firstcl1oiceaquaticsjax@gmail.com
+2267031

Bill to
Isles of Bartram Park

Ship to
Isles of Bartram Park

Invoice details
Invoice no.: 3325
Terms: Net 15
Invoice date: 08/29/2025 Due date: 09/13/2025

#	Date	Product or service

1.	One-Time Treatment

Description

Pond 7 Alum Treatment

Qty	Rate

$1,750.00

Amount

$1,750.00

RECEIVED
By Tara Lee at 10:51 am, Sep 02, 2025

Total	$1,750.00

BILL TO
Isles of Bartram Park C/O GMS,LLC
475 West Town Place, Suite 114
St. Augustine, Florida 32092

INVOICE# 3341
DATE 09/01/2025
DUE DATE 10/01/2025
TERMS Net30

sEnv1cr::
Fountain Maintenance

DIC:SCF<IPTION
Quarterly Fountain Maintenance

OTY

400.00

Celestina: 4 Fountains

SUBTOTAL TAX TOTAL
BALANCE DUE

RECEIVED
By Tara Lee at 10:57 am, Sep 02, 2025

!\MOUNT
400.00

400.00
0.00
400.00
$400.00

BILL TO
Isles of Bartram Park C/O GMS,LLC
475 West Town Place, Suite 114
St. Augustine, Florida 32092

INVOICE# 3372
DATE 09/01/2025
DUE DATE 10/01/2025
TERMS Net30

		

SEHVICI".
Lake Maintenance
Maintenance

DFcSCflll-'TIOi�
Isles of Bartram Park Additional Treatments monthly

en y	FiATE
1	2,100.00

1,000.00

/\iV10U1\1·r
2,100.00

1,000.00

Services rendered are for the month listed above.

SUBTOTAL TAX TOTAL

RECEIVED
By Tara Lee at 10:56 am, Sep 02, 2025

BALANCE DUE

3,100.00
0.00
3,100.00
$3,100.00

Governmental Management Services, LlC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Invoice

Bill To:
Isles of Bartram Park CDD 475 West Town Place Suite 114
At. Augustine, FL 32092

Invoice #: 142
Invoice Date: 9/1/25
Due Date: 9/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - September 2025 Website Administration - September 2025 Information Technology - September 2025
Dissemination Agent Services - September 2025 Office Supplies
Postage Copies		4,557.83
100.00
150.00
655.50
0.54
13.32
30.15	4,557.83
100.00
150.00
655.50
0.54
13.32
30.15	
Total	$5,507.34.

Payments/Credits

$0.00

Balance Due

$5,507.34

RECEIVED
By Tara Lee at 1:29 pm, Sep 04, 2025

Grau and Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431 www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Isles of Bartram Park
1408 Hamlin Avenue, Unit E Saint Cloud, FL 34771

Invoice No.	28099 Date	 09/04/2025

SERVICE

AMOUNT

Project: Arbitrage - Series 2017 FYE 7131/2025 Arbitrage Services

Arbitrage

$		,,,60,,.,0"'.o,.,,_o

Subtotal:

	600	00 

Total

600.00

Current Amount Due

RECEIVED
By Tara Lee at 1:41 pm, Sep 04, 2025

0 - 30	31- 60	61 -90	91 - 120	Over 120	Balance	
600.00	0.00	0.00	0.00	0.00	600.00	
Payment due upon receipt.

Innovative Fountain Services, Inc 11637 Columbia Park Dr E
Ste 4
Jacksonville, FL 32258-4493

Celestina:Celestina Waterfall
Bill to
Celestina
Isles of Bartram Park COD 475 West Town Place Ste 114 Saint Augustine, FL 32092

Invoice details
Invoice no.: 2029558
Terms: Net 30
Invoice date: 09/02/2025 Due date: 10/02/2025

admin@innovativefountainservices.c om

+1 (904) 551-1017	'I

#	Product or service	Description	Qty	Amount	
1.	Maintenance Seivice	Monthly Fountain Maintenance- August		
$202.50	
2.	Chemicals	
Chemicals Added		
$112.85	

Note to customer	
Total		$315.35	
Thank you for your business!				

RECEIVED
By Tara Lee at 4:02 pm, Sep 02, 2025

Invoice		

Invoice#	
428236	
Date	09/01/2025	

\Testa,,,

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202

Terms Due Date Memo

Due on receipt
09/01/2025
WGV - MANAGEMENT

Bill To

RECEIVED
By Tara Lee at 10:54 am, Sep 02, 2025

Isles of Bartram Park CDD 475 West Town Place Suite 250
Jacksonville FL 32092

MANAGEMENT SERVICES	1 i	500.00 i	500.00

Total	500.00

Isles Of Bartram Park Cdd C/O Gms Lie Shelby Stephens
475 W. Town Pl. Ste. 114
St Augustine, FL 32092-3649
ultll(l,l1(1111l,lll11(l1ll1ll'l,l(ll1(111'(11111l•lt•d1l•hlll	
Legal Entity: Gannett Media Corp.
ierms and Conditions: Past due accounts are subject to Interest at the rale of 18% per annum or the maximum legal rate (whichever Is less), Advertiser claims for a credit related to rates Incorrectly Invoiced or paid must be submitted In writing to Publisher wllhln 30 days of the invoice dale or the claim will be waived. Any credit towards future advertising must be used within 30 days of Issuance or the credit will be forfel!ed.
All funds payable in US dollars.	
BILLING INQUIRIES/ADDRESS CHANGES 1-877-736-7612 or smb@ccc.gannett.com	FEDERAL ID 47-2390983	
Save A Tree! Gannett is going paperless. Enjoy the convenience of accessing your billing Information anytime and pay online. To avoid missing an invoice, sign up today by going to https://gcll.my.site.com/financlalservicesporlal/s/.	

8/1/25	$216.20	
8/25/25	-$216.20	
Start�End Date	Order Number	Product	Description	PO Number	Package Cost	
8/28/25	11598588	SAG St Augustine Record	FY26 Mtg Schedule	FY26 Mtg
Schedule	$75.44	

As an incentive for customers1 we provide a discount off the total Invoice cost equal to the 3.99% service fee if you pay with Cash/Check/ACH. Pay by Cash/Check/ACH and Savel

Total Cash Amount Due
Seivlce Fee 3.99%
*Cash/Check/ACH Discount
*Payment Amount by Cash/ChecklACH

·--.,_-_......-.-.-..·---....._,

_._....,- ... .. -.-.-.·--:•--•---....,--.--..--·---"--·	·-

Payment Amount by Credit Card -

$75.44
$3.01
-$3.01
$75.44
$78.45

*LocaliQ
Florida
GANNETT

N':\&ltH\YQ!/_R\l",°�)/;M!=N:'1'l}i% "'"''	•·

789138
!@!;\\lititutI)t1/!0�iI\lftitit&liit;•�;;
$0.00	$0.00	<::<f}!'liers�1�YM!!J•JF+??>,•··· %•f!HiM&@t�i1i:>)?iii
0007301725
i;i\:W\fiti??&�I;;It!tiiitAAiW{�;.,i;;,[PIAi-'i�A�R'AMf:Iiv�E:
$0.00	$0.00	$75.44	

Gannett Florida LocaliQ PO Box 631244
Cincinnati, OH 45263-1244	1-877-736-7612	$78.45	
	
To sign up for E-mailed invoices and online payments please go to https://gcil.my.site.com/financialservicesportal/s/	
000078913800000000000□07301725000□754467171

LOCAL1Q
FLORIDA	PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Sarah Sweeting
Isles of Bartram Park CDD c/o GMS, LLC
475 W Town PL# 114
St Augustine FL 32092-3649

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the St Augustine Record, published in St Johns County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of St Johns County, Florida, or in a newspaper by print in the issues of, on:

08/28/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

e, on 08/28/2025

My commission expires

Publication Cost:	$75.44	
Tax Amount:	$0.00	
Payment Cost	$75.44	
Order No:	11598588	
Customer No:	789138	
PO#:	FY26 Mtg Schedule	

#. of Copies:
1

THIS IS NOT AN INVOJCE1
Please do not use this form for payment remif(ance.

NOTICE OF MEETINGS ISLES OF BARTRAM PARK
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Isles of Bartram Park Community Development District will hold their regularly scheduled public meet­ ings for Fiscal Year 2026 at the offices of Governmental Manage­ ment Services, LLC located at 475 West Town Place, Suite 114, St. Augustine, Florida 32092 at 10:00
a.m. on the third Friday of each
month listed as follows or other­ wise noted:
November 14, 2025 (2nd Friday)
February 20, 2026
May 15, 2026'{approve budget) August 21, 2026 (adopt budget) The meetings are open to the public and will be conducted in
accordance with the provisions of Florida raw for Community Develop­ ment Districts, The meetings may
be continued to a date, time, and place to be specified on the record at the meeting. There may be occa­ sions when staff or other individu­ als may participate by speaker tele­ phone.
Any person requiring special accommodations for the meetings because of a disability or physical Impairment should contact the District Office at (904) 940-5850 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800- 955-8770, for aid in contacting the District Office.
Each person who decides to appeal
any action taken at the meetings !s advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, Including the testimony and evidence upon which such appeal is to be based.
James Oliver District Manager
Pub: 08/28/25 #11598588

VICKY FELTY
Notary Public State of Wisconsin

Page 1 of 1

Bill To:
Celestina-Isles of Bartram COD c/o GMS-NF, LLC
475 West Town Pl, Suite 114 Saint Augustine, FL 32092
Property Name: Celestina-Isles of Bartram COD
Address:	475 West Town Pl Suite 114
St. Augustine, FL 32092

�N\f(l!C:1:

.......,•,•..,,,:.,:,;;;;;1'"""·"a.......
,.-,	·,'  , ..,·,

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  October 1, 2025

Invoice Amount:	$3,243.93

Invoice Total	$3,243.93

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

Celestina Master HOA, Inc	IIf:JW(O)IICCJE
INVOICE DATE: 9/10/2025

To:	Jim Oliver
Isles of Bartram COD
475 West Town Place, Suite 114 St Augustine, FL 32092

	DESCRIPTION		AMOUNT	
	Reimbursement for Irrigation Billing (10% of 05330)

(Reference JEA bill dated 9119/il9ile)
8/19/25		$141.90	
Any questions please call Vesta WGV Office 904-747-0181		

TOTAL AMOUNT DUE
RECEIVED
By Tara Lee at 3:00 pm, Sep 16, 2025		
	$141.90	

Make all checks payable to: f&fggJifl;cLfl!!!Q!i.(QL/jg!11£!.Q!"!'!13i(!L'lii'ill.f§1i!?lL Please mail or deliver to Vesta Property Services 200 Business Park Circle Suite 101 St. Augustine FL 32095.

225 N. Pearl St.
Jacksonville, FL

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC

Page 1 of 6

32202-4513

Phone: (904) 665-6000	(!) Online: jea.com

Account#: 12.09880485 ��·1··�··	Amo�&�t D�e
Bill Date: 08/19/25	$7,073.17

14

c	I  .	Do not pay. AutoPay will process
ye e.	-·	your �ayment on 09/10/25.

Electric .................................................	$	5,128.58	
Water ....................................................	1,690.40	
Sewer	,	645.06	
Irrigation ...............................................	209.13	
Total New Charges .............................	$	7,673.17	

(A complete breakdown of charges can be found on the fol/owing pages.)

Electric S5,128.58

-¥-	Water
d	S1,690.40
Sewer
$645.06
:'l Irrigation
1c. ' $209.13

Previous Balance .................................
Payment(s) Received .......................... Balance Before New Charges .............. New Charges .......................................

payment on 09/10125.

Do not pay, AutoPay wilt process your

$	14,524.53
-14,524.53
0.00
7,673.17

7,673.17

To keep your HVAC system nm11ing effidentiy, remember to inspect your outdoor unil(s). Clean any leaves and debris you find around it.

R$mernher to follow your watering days, To confirm your days. as5igned by S,JRWMD and !eam r11or0 visit jea.com/waterh1gdays.

PLEASE DETACH AND RETURN PAYMENT STUB BELOW WITH TOTAL DUE IN ENVELOPE PROVIDED.	Additional information on reverse side. -+

SCAN TOl'AY ONLINE

□

Ch.eek here for telephone/mail address correction and fill in on reverse side,
Add S	to my monthly bi!!: $	for Neighbor to Neighbor and/or $  	for the Prosperity Scholarship Fund. I will notify JEA when I no longer wish to contribute.

TOTAL AMOUNT PAID

Do not pay. AuioPay will process your payment on 09i10.125.
$7,673.17

Acct#: 1209880485	BIii Date: 08/19/25

CELESTINA MASTER PROPERTY OWNERS ASSOCIATION INC 200 BUSINESS PARK CIR STE 101
ST AUGUSTINE FL 32095-8824

Page 4 of 6

 Service Address		Service Point	Service Period	Bill Rate

29 CELESTA PY APT IR01
Detail Charges:74 Unit(s) 40W LED PT
38 Unit(s) 72W LED PT
Fuel Charge
Gross Receipts Tax Florida State Sales Tax
29 CELESTA PY APT IR01

6.00
4 kgal @$3.81)	53.35
4 kgal @ $4.33)	251.13	
Meter Number
89006063	
Days Billed
28	
Current Reading
58161	
Reading
Type
Regular	
Consumption
(1 cu ft=7.48 gaQ
72000 GAL	

Detail Charges:Basic Monthly Charge

':J:f

538.72
297.16
85.66
23.63
70.42
$512.GS
201.60

Area Light

Reclaim Commercial

07/16/25 -08113125 Street and Area Light
Rate

07115125 - 08112/25 Commercial
Reclaimed Irrigation
.S..,.e..r,.v,i,c...e..

-·- Electric

w;� $1.015.59
Water
e:1:1 $s12.oa

33 CELESTA PY

·?\E'_	��'"'�"--  Commercial -

07116/25-08/13/25 General Service

Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03715 per kWh) Taxable Fuel Cost ($0.00511 per kWh) Gross Receipts Tax
33 CELESTA PY
Detail Charges:Basic Monthly Charge

23.00
335.30
186.75
25.69
14.63
:::7' ,:;,.:,;;
17.67

Electric

Consumption
(1 cuft=7.48gal)
11000 GAL

Reading
Type
Reou!ar

Current Reading
251

Days Billed
28

Meter Number
514057774

Meter
Number
22953660	Days Billed
28	Current
Reading
50683	Reading
Type
Regular	Consumption

5027KWH	
22953660	28	10.11	Regular	10.11 ',JN	

Commercial - Water

07115125-08/12/25 Commercial Water
Service

Electric
lT.2.l $585.37
Water
(.:a;] $51.33

33.66	""-QiJ2"i; :-.UJ;\Z:YJ'

33 STARLIS PL

'fi	$tl.2.72	Reclaim

07/15125- 08112/25 Residential

Detail Charges:Basic Monthly Charge

18.90

Residential

Reclaimed Irrigation

action Fee	6.00
-14 kgal @ $2.97)	17.82	Meter Number
82196211	Days Billed
28	Current
Reading
2264	Reading
Type
Regular	Consumption (1cu ft=7.48 gal) 6000 GAL	

33 TALORI AV APT IR01
Detail Charges:Basic Monthly Charge

'!J\J	i�56.55
31.50

Reclaim Commercial

07115125 -08/12125 Commercial
Reclaimed Irrigation

6,00
-14 kgal@$3.81)	19.05	Meter
Number
78727792	Days Billed
28	Current
Reading
4630	Reading
Type
Regular	Consumption (1cuft=7.48gal) 5000 GAL	

'S-'e"r''v'"i'c"e"

Service Address

Phone: (904) 665-6000	E) Online: jea.com	CELESTINA MASTER PROPERTY
OWNERS ASSOCIATION INC

Service Txee	Charies	Service Point	Service Period	Bill Rate

	Pa_g_e 3 of 6
Account#: 1209880485 Bill Date: 08/19/25 Cycle:	14

110 ANTILA WY APT LS01
Detail Charges:Basic Monthly Charge

'A'	$37.50
31.50

Reclaim
Commercial

07/15/25- 08/12/25 Commercial

	Meter
Number
86614801	Days Billed
28	Current Reading
1629	Reading
Type
Regular	Consumption
(1 cuff= 7.48 g�)
OGAL	

Reclaimed Irrigation

Inspection Fee	6.00

Se-r·v·i·c-e-

121 LACAILLE AV APT IR01
Detail Charges:Basic Monthly Charge

1]\J'	$S·5,17
31.50

Reclaim
Commercial

07117125 - 08/18/25 Commercial
Reclaimed Irrigation

Inspection Fee	6.00
Tier 1 Consumption (1-14 kgal@ $3.81)	53.35
Tier 2 Consumption (> 14 kgal@ $4.33)	4.32	Meter Number
71996681	Days BiUed
32	Current
Reading
3526	Reading Type
Regular	Consumption
(1cu ft=7.48 gal)
15000 GAL	

.S....e...r.v, .i.c..e_,

123 CELESTA PY APT GATE
Detail Charges:Basic Monthly Charge		
23.00	Gate	07/1	6/25-08/13	/25 Gener	al Service	
Energy Charge ($0.0667 per kWh)		449.22						
Tax Exempt Fuel Cost ($0.03715 per kWh)		250.21	Meter
Number	Days
Billed	current
Reading	Reading
Type	Consumption	
Taxable Fuel Cost ($0.00511 per kWh)		34.42	26189702	28	94792	Regular	6735KWH	
Gross Receip_ts Tax		19.41						
16 ORIANA CT APT FS01	E	$4£i9iSf''	Commercial �	0711	6/25- 08/13/25 General Service	

Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt Fuel Cost ($0.03715 per kWh) Taxable Fuel Cost ($0.00511 per kWh)

23.00
266.00
148.15
20.38

Electric

Meter Number
24827846	Days Billed
28	Current
Reading
70496	Reading Type
Regular	Consumption

3988 KWH	

	Gross Recei!'_ts Tax	11.73	

23 ANILA STAPT LS01
Detail Charges:Basic Monthly Charge

\N	$37.5D
31.50

Reclaim
Commercial

07/15/25 - 08112/25 Commercial

..

Reclaimed Irrigation

	Meter
Number
78582270	Days Billed
28	Current Reading
0	Reading
Type
Regular	Consumption
(1cu ft=7.48 gaQ
0 GAL	

.S...e..r, vi,c.,.e.,

Inspection Fee	6.00

Service Address	Service Type	Char_g_es	Service Point	Service Period	Bill Rate

57 SOLIS AV APT LS01
Detail Charges:Basic Monthly Charge

Vtf	$14-2-11◊
31.50

Reclaim
Commercial

07/15/25- 08/12125 Commercial

	Meter
Number
514064521	Days
Billed
28	Current
Reacf,ng
64	Reading
Type
Regular	Consumption
(1cuft=7.48gal)
26000 GAL	

Reclaimed Irrigation

Inspection Fee	6.00
Tier 1 Consumption (1-14 kgal @$3.81)	53.35
Tier 2 Consumption (> 14 kgal @ $4.33)	51.95

65 DELANO ST	$26,07-	
Detail Charges:Basic Monthly Charge	23.00	
Energy Charge ($0.0667 per kWh)	0.40	
Tax Exempt Fuel Cost ($0.03715 per kWh)	0.22	
Taxable Fuel Cost ($0.00511 per kWh)	0.03	
Gross Receipts Tax	0.61	
Florida State Sales Tax	1.81	
65 DELANO ST	�;F.S?	
Detail Charges:Basic Monthly Charge	17.67	

Commercial�

Meter Number
14113889	Days Billed
28	Current Reading
3017	Reading Type
Regular	Consumption

6KWH	

Electric

S--e·rv·ic-e-

07/16/25-08/13/25 General Service

Commercial - Water

07/15/25 - 08/12/25 Commercial Water
Service

"-i<Q�lsi:1:fa:£,;t!>"'

:::77' Bectric

"'·=•

$26.07
,·.--;-;1 Water
c:ccc, $17.67

Meler
Number
79232848	Days Billed
28	Current
Reading
0	Reading Type
Regular	Consumption
(1 cuft=7.48gal)
0 GAL		

 Service Address	Service T.)p_e

Charges

Service Point	Service Period	Bill Rate

35 MANDARA WY
Detail Charges:Basic Monthly Charge
Energy Charge ($0.0667 per kWh)
Tax Exempt fuel Cost ($0.03715 per kWh) Taxable Fuel Cost (S0.00511 per kWh) Gross Receipts Tax
35 MANDARA WY
Detail Charges:Basic Monthly Charge
Water Consumption Charge

35 MANDARA WY
Detail Charges:Basic Monthly Charge
Sewer Usage Charge

35 MANDARA WY
Detail Charges:Basic Monthly Charge

\J/

s

23.00
1,299.32
723.68
99.54
55.01

159.52
42.84

$64-5.1)6
576.74
68.32

f<:1:0-0, lJ
48.70

Commercial - Electric

Meter
Number
22489790	Days Billed
28	Current
Reading
41080	
Reading Type
Regufar	Consumption

19480 KWH	
22489790	28	1.09	Regular	43.60 KW	

Meter Number
79251944	Days Billed
34	Current
Reading
3110	Reading
Type
R�ular	Consumption (1cu ft=7.48 gaQ
14000 GAL	

Commercial - Water/Sewer

Meter Number
79251944	Days Billed
34	Current Reading
3110	Reading
Type
Regular	Consumption
(1 cu ft=7.48 gal)
14000 GAL	

Commercial - Water/Sewer

Irrigation 1 -
Commercial

07/16/25- 08113/25 General Service

07/15/25- 08/18125 Commercial Water
Service

07/15/25- 08118/25 Commercial Sewer
Service

07/15125-08/12125 Commercial Irrigation
Service

Electric

�ZB $2,200.55
�.-, Water
""'"' $202.36
Sewer
j}B  $645.06
,,.,0,-,,1 Irrigation
"''·"' $209.13

- 7 Kgal@ $3.49 kgal)	24.43
7 Kgal@ $4.69 kgal)	136.00	Meter
Number
100715201	Days Billed
28	current
Reading
48	Reading
Type
Regular	Consumption
(1cu ft=7.48 gal) 36000 GAL	

44 CALLIEL WY APT IR01

6.00
-14 kgal@ $3.81)	53.35
14 kgal@ $4.33)	372.37	
Meter Number
86322464	
Days Billed
28	
Current
Reading
8633	
Reading
Type
Regular	Consumption (1cu ft=7.48 gal) 100000 GAL	

Detail Charges:Basic Monthly Charge

'c;;-\/	�;,4.94.72
63,00

Reclaim
Commerda!

07/15/25 - 08/12125 Commercial
Reclaimed Irrigation
S---erv·i·c-e-

56 CALLIEL WY APT IR01

Irrigation 1 -

07/16125 - 08/13/25 General SefV!Ce

Detail Charges:Basic Monthly Charge	23.00	Electric		
Energy Charge ($0.0667 per kWh)	16.74	Meter	Days	Current	Reading	Consumption	
Tax Exempt Fuel Cost ($0.03715 per kWh)	9.32	Number	Billed	Reading	Type		
Taxable Fuel Cost ($0.00511 per kWh)	1.28	23650846	28	15073	Regular	251 KWH	
Gross Receipts Tax	1.29						
Florida State Sales Tax	3.85						

Cu.stom.e. r •·...·
...;
.. :.......
Acct#: .•	Isles at Bartram Park Community Development District
522	
Da�e	:	09/18/2025	
Cus.t�m�r ·.··
S_er.vic:e •.•..:....:....	•
Kristina Rudez	
Page	1 of 1	

.::\ • Paymentlr,formatlol'!	
lnyc:>lce·S.uin01�r.y. •, ...�	$	12,738.00

lnvoice#29495	
Payment Amount,:· ·'		
Payment for: ..		
100125240	

Isles at Bartram Park Community Development District
c/o Governmental Management Services 475 West Town Place, STE #114
St. Augustine, FL 32092

X
Customer: lsies at Bartram Park Community Development District

Invoice	Effective ·,	Transaction	.. • Descri tion  •	Amount	

29495	

10/01/2025	

Renew policy	Policy #100125240 10/01/2025-10/01/2026
Florida Insurance Alliance

Package - Renew policy Due Date: 9/18/2025

	

12,738.00	
Please Remit Payment To:
Egis Insurance and Risk Advisors
P.O. Box 748555	Total	
	$	12,738.00	
		
FOR PAYMENTS SENT OVERNIGHT; Bank of America Lockbox Setvlces. Lockbox 748555, 6000 FekJwood Rd. College Park, GA 30349
LLC		

Remit Payment To: Egis Insurance Advisors	(321)233-9939
P.O. Box 748555
Atlanta, GA 30374-8555	accounting@egisadvlsors.com	Date.	
	09/18/2025	

RECEIVED
By Tara Lee at 2:07 pm, Sep 19, 2025

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/05/25	PAGE	1
*** CHECK DATES 07/01/2025 - 09/30/2025 ***	ISLES OF BARTRAM-CAPITAL RSRVE

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	STATUS		AMOUNT	....CHECK..... AMOUNT	#	
7/16/25 00023	6/27/25 2029068	202506 300-58400-60000
INNOVATIVE FOUNTAIN SERVICES	*
INC		11,474.00	
11,474.00 000003	
- - - - - - - - 7/24/25 00022	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/14/25 955707	202507 300-58400-61000
YELLOWSTONE LANDSCAPE	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

6,500.00 000004	
- - - - - - - - 8/28/25 00038	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 082625-1 202508 300-58400-61000
CARLTON J MURPHY	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

3,114.62 000005	
- - - - - - - - 8/28/25 00038	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 082625-2 202508 300-58400-61000
CARLTON J MURPHY	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

4,337.12 000006	
- - - - - - - - 9/09/25 00023	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/03/25 2029563	202509 300-58400-60000
INNOVATIVE FOUNTAIN SERVICES	- - - - - - -
*
INC	- - - -	- - - - - -	- - - - - - - -

14,718.00 000007	
- - - - - - - - 9/09/25 00023	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/04/25 2029565	202509 300-58400-60000
INNOVATIVE FOUNTAIN SERVICES	- - - - - - -
*
INC	- - - -	- - - - - -	- - - - - - - -

6,358.00 000008	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR	BANK B		46,501.74		
	TOTAL FOR	REGISTER		46,501.74		

BANK B ISLES OF BARTRAM

DEP 2 NEW FLOAT FOUNTAINS

BORE PROJECT-IRRIGATION

6,500.00

NEW CONTROL PANEL/CONDUIT

3,114.62

GROUND BOX/NEW CTRL PANEL

4,337.12

FNL PMT-POND FOUNT INSTAL

14,718.00

DEP-NEW FOUNTAIN #7

6,358.00

IBTR ISLES OF BRTRM TLEE

INVOICE
Innovative Fountain Services, Inc
11637 Columbia Park Dr E Ste4
Jacl<sonville, FL 32258-4493

Celestina:Celestina Waterfall
Bill to
Celestina
Isles of Bartram Park COD 475 West Town Place Ste 114 Saint Augustine, FL 32092

Invoice details
Invoice no.: 2029068
Terms: Net 30
Invoice date: 06/27/2025 Due date: 07/27/2025

admin@lnnovativefountainservices.c om

+1 (904) 551-1017

P.O. Number: Deposit Invoice Estimate 4236

#	Product or service	Description	Qty	Amount	

1.	
Fountain Service	Deposit Invoice for Estimate 4236-		$11,474.00	
		Innovative Fountain Services propose to furnish all			
		materials, labor, and tools to install two new 3HP			
		floating fountains. Approximate spray dimensions			
		of display are 19' high and 34' wide and display			
		win be similar to existing fountain display.			
		Fountains comes with 6 LED light set with one			
		having 15' and one having 200' of cable.			
		Fountain comes with a five year manufacturer's			
		warranty and two year warranty on the lights.			
		Landscapers are to dig a trench from the fountain			
		controller to the edge of the pond for us to install			
		the conduit for the fountain on Ama!urra road.			
2.	
Terms	Terms of sale are 50% deposit required upon placement of order with remaining balance due net		$0.00	
		30.			
		
Total		$11,474.00	

YELLOWSTONE
:';iJJiJffC/1;fh ,�,li�,:vtlfL(�A:f_iA: :fif:A!f'i

Bill To:
Celestina-Isles of Bartram CDD c/o GMS-NF, LLC
475WestTown Pl, Suite 114 Saint Augustine, FL 32092
Property Name:  Celestina-Isles of Bartram COD
Address:	475 West Town Pl Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  August 13, 2025

Invoice Amount:	$6,500.00

Irrigation	$6,500.00

RECEIVED
By Tara Lee at 3:47 pm, Jul 23, 2025

Invoice Total	$6,500.00

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

9758 Redbird Creek Dr S Jacksonville, FL 32221 US
+19043432153
carlton.hightideelectric@gmail.com

HIGH TIDE
ELECTRIC

INVOICE

INVOICE:	082625-1	
DAfC	08/26/2025	
T[T;'.MS	Net 30	
DUF D/\ff	09/25/2025	

D!L!" TO
Isles of Bartram Park CDD
200 Business Park Circle, Suite 101
St. Augustine, FL 32095

DATE

08/22/2025

SERVICE

Labor

DESCRIPTION

Trenched and ran conduit for a 30amp 240volt dedicated circuit from new electrical service along Celesta Pkwy. to fountain control panel. Set post for new control panel and terminated new circuit in panel.

QTY

1

RATE

2,500.00

AMOUNT

2,500.00

HE

Sales	614.62	614.62

$3,114.62

RECEIVED
By Tara Lee at 11:06 am, Aug 27, 2025

9758 Redbird Creek Dr S Jacksonville, Fl 32221 US
+19043432153
carlton.hightideelectric@gmail.com

HIGH	TIDE
ELECTRIC

INVOICE

f31LL TO
Isles of Bartram Park COD
200 Business Park Circle, Suite 101 St. Augustine, FL 32095

lNVOICf::
D/\1 L
·rrnMs

082625-2
08/26/2025
Net30 09/25/2025

DATE

08/22/2025

SERVICE

Labor

DESCRIPTION

Trenched and ran conduit for a 30amp 240volt dedicated circuit from existing electrical panel (exit side) to fountain control panel. Set a ground box on both sides of the street at North Gate. Repaired 2" conduit on entrance side so that circuit could be pulled under road. Set post for new control panel and terminated new circuit in fountain control panel.

QTY

1

RATE

3,300.00

AMOUNT

3,300.00

HE

Material	1,037.12	1,037.12

RECEIVED
By Tara Lee at 11:12 am, Aug 27, 2025

81\LI\NCE DUE	$4,337.12

Celestina:Celestina Waterfall
Bill to
Celestina
Isles of Bartram Park COD 475 WestTown Place Ste 114 Saint Augustine, FL 32092

Invoice details
Invoice no.: 2029563
Terms: Net 30
Invoice date: 09/03/2025 Due date: 10/03/2025

P.O. Number: Final Invoice Estimate 4236

#	Product or service	Description	Qty	Amount
Fountain Service	Final Invoice for Estimate 4236-	$11.474.00 Innovative Fountain Services propose to furnisl1 all
materials, labor, and tools to install two new 3HP floating fountains. Approximate spray dimensions of display are 19' higt1 and 34' wide and display will be similar to existing fountain display.

Fountains comes with 6 LED ligl1t set with one having 15' and one having 200' of cable.

Fountain comes with a five year manufacturer's warranty and two year warranty on the lights.

Landscapers are to dig a trench from the fountain controller to the edge of the pond for us to install the conduit for the fountain on Ama!urra road.

Fountain Service	Additional costs for extending cables and conduit to accommodate t!1e fountain controller's current location

$3,244.00

Total	$14,718.00

RECEIVED
By Tara Lee at 3:46 pm, Sep 04, 2025

Celestina:Celestina Waterfall
Bill to
Celestina
Isles of Bartram Park CDD 475 WestTown Place Ste 114 Saint Augustine, FL 32092

Invoice details
Invoice no.: 2029565
Terms: Net 30
Invoice date: 09/04/2025 Due date: 10/04/2025

P.O. Number: New Fountain #7

#	Product or service	Description	Qty	Amount	
1.	Fountain Service	Deposit Invoice for Estimate 4414 lnnovatlve		$6,358.00	
		Fountain Services propose to furnish all materials,			
		labor, and tools to install one new 3HP floating			
		fountain with 200' of pump cable. Approximate			
		spray dimensions of display are 19' hig!1 and 34'			
		wide but customer may select from five display			
		patterns. New control panel with all components			
		including timer to be installed on bank of pond.			
		Includes LED 6 white light set with 200' light cable.			
		Install conduit from fountain controller to pond to			
		house the cables			
2.		
FOUNTAIN PACKAGE CARRIES A 5-YEAR			
		MANUFACTURER WARRANTY/LED LIGHTS 2-			
		YEARS			
3.		Customer is to have a licensed electrician to mount controller, supply power and run conduit from			
		fountain controller 5' into the pond. Fountain			
		controller must be within 30' of pond otherwise			
		additional costs will be incurred.			

4.		Terms of sale are 50% deposit required upon			
		placement of order with remaining balance due net			
		30.			

RECEIVED
By  Tara Lee at 3:46 pm, Sep 04, 2025

Total	$6,358.00