Blackburn Creek Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
www.blackburncreekcdd.com

The meeting of the Board of Supervisors for the Blackburn Creek Community Development District will be held Tuesday, September 9, 2025, at 11:00 a.m. located at 6853 Energy Ct, Lakewood Ranch, FL 34240. The following is the proposed agenda for this meeting.
Call in number: 1-844-621-3956	Passcode: 2538 286 6774 #

BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters
Consideration of the Minutes of the August 12, 2025, Board of Supervisors Meeting
Consideration of Resolution 2025-08, Adopting Goals, Objectives, and Performance Measures and Standards
Discussion Regarding Maintenance Agreement between the CDD and HOA
Consideration of Egis Insurance Renewal for FY 2026
Ratification of Payment Authorization Nos. 244 & 245
Review of District Financial Statements

Other Business
Staff Reports
District Counsel
District Engineer
District Manager
District Accountant
Audience Comments
Supervisors Request
Adjournment 

Blackburn Creek Community Development District

Consideration of the Minutes of the August 12, 2025, Board of Supervisors Meeting

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Tuesday, August 12, 2025, at 11:00 a.m. 6853 Energy Ct., Lakewood Ranch, FL 34240

Board Members Present via Speaker or in Person:

Kevin Johnson	Chairperson	(via phone) Kirk Fegley	Vice Chairperson
Michael Sprout	Assistant Secretary Phil Davis	Assistant Secretary James Sverapa    Assistant Secretary

Also Present via Speaker or in Person:

Venessa Ripoll	District Manager- PFM Group Consulting LLC Rick Montejano	Accountant - PFM Group Consulting LLC
Gazmin Kerr	ADM - PFM Group Consulting LLC	(via phone)	
Andy Cohen	District Counsel		
Phil	Audience Member	(via phone)	

FIRST ORDER OF BUSINESS		Organizational Matters Call to Order and Roll Call
The Board of Supervisors’ Meeting for the Blackburn Creek CDD was called to order at approximately 11:00 a.m. by Ms. Ripoll. She proceeded with roll call and confirmed quorum. Those in attendance are outlined above either in person or via speaker phone.

On MOTION by Mr. Davis, seconded by Mr. Sverapa, with all in favor, the Board approved to allow Mr. Johnson to participate and vote via phone.

Public Comment Period

There were no public comments at this time.

SECOND ORDER OF BUSINESS	General Business Matters Consideration of the Minutes of the:
July 8, 2025, Board of Supervisors’ Meeting

July 23, 2025, Board of Supervisors’ Workshop Meeting

The Board reviewed the minutes. It was noted there were no motions within the workshop. There is a recording available for the workshop. Ms. Ripoll will make changes accordingly.

On MOTION by Mr. Fegley, seconded by Mr. Sprout, with all in favor, the Board approved the Minutes of the July 8, 2025, Board of Supervisors’ Meeting, and the July 23, 2025, Board of Supervisors’ Workshop Meeting.

Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution	2025-05, Adopting the Fiscal Year 2026 Budget and Appropriating Funds

On MOTION by Mr. Sprout, seconded by Mr. Sverapa, with all in favor, the Board opened the Public Hearing on the Adoption of the District’s Annual Budget.

Mr. Montejano gave an overview of the budget and noted the budget is the same overall budget that was previously approved. The O&M assessments went down.
There were no public comments. There were no Board comments.

On MOTION by Mr. Sprout, seconded by Mr. Davis, with all in favor, the Board closed the Public Hearing on the Adoption of the District’s Annual Budget.

On MOTION by Mr. Sverapa, seconded by Mr. Fegley, with all in favor, the Board approved Resolution 2025-05, Adopting the Fiscal Year 2026 Budget and Appropriating Funds.

Public Hearing on the Imposition of Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2025-06, Adopting an Assessment Roll for Fiscal Year 2026, and Certifying Special Assessments for Collection

On MOTION by Mr. Davis, seconded by Mr. Sprout, with all in favor, the Board opened the Public Hearing on the Imposition of Special Assessments.

Ms. Ripoll reviewed the assessment schedule. There were no public comments at this time. There were no Board comments at this time.

On MOTION by Mr. Fegler, seconded by Mr. Johnson, with all in favor, the Board closed the Public Hearing on the Imposition of Special Assessments.

On MOTION by Mr. Sprout, seconded by Mr. Sverapa, with all in favor, the Board approved Resolution 2025-06, Adopting an Assessment Roll for Fiscal Year 2026, and Certifying Special Assessments for Collection.

Consideration of Resolution 2025-07, Adopting the Annual Meeting Schedule for Fiscal Year 2025-2026

Ms. Ripoll reviewed the Annual Meeting schedule. She noted this will be advertised in the newspaper. This schedule will be placed on the website and sent to the HOA.
There was a recommendation to have the Town Hall during a January meeting and have another meeting with the HOA Board in March or April. Ms. Ripoll will follow up to obtain the HOA’s schedule.

On MOTION by Mr. Fegler, seconded by Mr. Johnson, with all in favor, the Board approved Resolution 2025-07, Adopting the Annual Meeting Schedule for Fiscal Year 2025-2026.

Ratification of Payment Authorization No. 242-243
Ms. Ripoll stated these are for contractual obligations. This is solely for ratification.

On MOTION by Mr. Sverapa, seconded by Mr. Sprout, with all in favor, the Board ratified Payment Authorization No. 242 - 243.

Review of District Financial Statements
Ms. Ripoll stated that the District financials were through July 2025. Mr. Montejano noted the money market account is going well.

On MOTION by Mr. Fegley, seconded by Mr. Davis, with all in favor, the Board approved the District Financials.

THIRD ORDER OF BUSINESS	Staff Reports

District Counsel –	It was noted there needs to be an agreement negotiated with the HOA for a few maintenance issues and the responsibility of maintaining those areas. Ms. Ripoll will work with District Counsel.	
District Engineer –	No report.	
District Manager –	Ms. Ripoll noted the next Board meeting is September 9, 2025, at
11:00 a.m., at the same location. This will be the last meeting of the Fiscal Year.	

FOURTH ORDER OF BUSINESS	Audience	Comments	and	Supervisor
Requests

Mr. Johnson gave an overview of the agreement that will be negotiated with the HOA. He noted the culverts that are outside of the CDD’s assets are not being maintained, and causing drainage issues. The agreement would have the CDD take over that responsibility, with reimbursement from the HOA.
There was a recommendation to have the District Engineer be hired by the HOA on a contract basis in order to fix the issues. Mr. Johnson reviewed the HOA’s process, and noted there is high turnover on their Board, which causes issues to go unresolved.

The Board discussed the work needed and the process. Mr. Cohen gave an overview of the process that will take place once the agreement is in place. It was noted that once completed, the agreement will be brought before the Board to review.

There was brief discussion regarding the payment from the HOA and their timing of fixing issues. It was noted this is beyond the expertise of the HOA.

There were no further comments or supervisor requests at this time.

FIFTH ORDER OF BUSINESS	Adjournment

There was no additional business to discuss. Ms. Ripoll requested a motion to adjourn.

ON MOTION by Mr. Davis, seconded by Mr. Sverapa, with all in favor, the August 12, 2025, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at approximately 11:33 a.m.

Secretary/Assistant Secretary	Chair/Vice Chair

Blackburn Creek Community Development District

Consideration of Resolution 2025-08, Adopting Goals, Objectives, and Performance Measures and Standards

RESOLUTION 2025-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Blackburn Creek Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and
WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning October 1, 2025, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and
WHEREAS, the District Manager has prepared the attached goals, objectives, and performance measures and standards and presented them to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached goals, objectives and performance measures and standards.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.
SECTION 2.  The District Board of Supervisors hereby adopts the goals, objectives and performance measures and standards as provided in Exhibit A. The District Manager shall take all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

SECTION 3.  If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4.  This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.
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PASSED AND ADOPTED this 9th day of September, 2025.

ATTEST:	BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

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Exhibit A:
Goals, Objectives and Annual Reporting Form

Performance Measures/Standards & Annual Reporting Form
October 1, 2025 – September 30, 2026

 ​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 three board meetings were held during the Fiscal Year. Achieved: Yes  No 

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), 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 with 7 days notice per statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes  No 

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records. Standard: 100% of monthly website checks were completed by District Management. Achieved: Yes  No 

 ​Infrastructure and Facilities Maintenance
Goal 2.1: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.

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:		

District Manager:		Date:		
Print Name:			

Blackburn Creek Community Development District

Discussion Regarding Maintenance Agreement between the CDD and HOA

MAINTENANCE AGREEMENT BETWEEN BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
AND GRAND PALM MASTER ASSOCIATION

This Agreement is made and entered into effective as of the    day of   , 2025, by and between Blackburn Creek Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, located in Sarasota County, Florida (the "District"), whose mailing address is c/o PFM, 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817, and Grand Palm Master Association, Inc., a Florida not-for profit corporation (the “HOA”), whose address is 1900 Observation Boulevard, Venice, Florida 34293. The District and the HOA are collectively known as “Parties.”

WHEREAS, the District was established for the purpose of financing, funding, planning, establishing, acquiring, constructing, or reconstructing, enlarging, or extending, equipping, operating, and maintaining systems and facilities for certain infrastructure improvements; and
WHEREAS, the HOA owns certain culverts, drainage areas, stormwater ponds and related lands located throughout the District boundary; and
WHEREAS, the infrastructure that is subject to this Agreement is more particularly set forth in attached Exhibit “A” (“HOA Facilities”); and
WHEREAS, the HOA is a private not-for-profit corporation serving as an association of certain property owners, including but not limited to property owners within the boundaries of the District, with a purpose of managing certain common property and amenities in the community; and
WHEREAS, the District and the HOA have a mutual interest in insuring that the HOA Facilities are managed and maintained to the highest standards; and
WHEREAS, the District and the HOA agree that it is in the best interest of the Blackburn Creek Community (“Community”) to have the District perform certain stormwater maintenance activities with respect to the HOA Facilities to ensure efficiency, consistency and continuity of the maintenance tasks; and
WHEREAS, the District is willing and able to perform certain maintenance of the HOA Facilities in accordance with this Agreement.

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NOW THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the HOA agree as follows:
Incorporation of Recitals. The recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Agreement.
Scope of Work. The District will perform the services listed in the Scope of Work attached as Exhibit B (“Scope”) ensuring full compliance with all applicable laws, administrative rules and regulations, and permit requirements.
Funding. The HOA will provide the funding for the services provided in the Scope of Work. Funding will be deposited in a retainer account. Upon completion of the services, the District will submit an invoice, and service costs will be deducted from the retainer balance. All payments must be made within thirty (30) days of invoice submission.
In the event that the District determines the need for capital improvements or major repairs beyond routine maintenance to HOA Facilities, the District will promptly notify the HOA in writing. Such notification will include a description of the identified issues, recommended solutions, and estimated cost for the necessary work. No capital improvements or major repairs will be undertaken without prior written approval from the HOA and submission of the estimated costs. If it becomes evident that there are repairs or capital expenses outside regular maintenance activities, the District shall notify the HOA. If the HOA declines approval, the HOA assumes full responsibility for any consequences from the denial and the District will not be liable for any damages or failures in the affected areas. Depending on the nature and extent of the repairs or expenses, the District may suspend maintenance activities in the affected areas until capital expenses or repairs are completed or other solutions are implemented.
Permits. All relevant permits for stormwater maintenance activities related to this Agreement, including those required under all federal, state, and local laws, rules and regulations, shall be maintained in the name of the HOA. Where transfer of permits to the HOA is required, no maintenance work shall commence until such transfers are completed.
Term and Renewal. The term of this Agreement shall be three (3) years from execution by the last of both parties to this Agreement. This Agreement renews automatically for one (1) year periods unless terminated or modified as referenced herein. Either party may terminate this Agreement for any reason in its sole and absolute discretion, with or without cause, on September 30th of each calendar year provided the terminating party provides the other party written notice of termination no later than May 30th of such calendar year. If notice of termination is provided after May 30th of each year, then the effective date of termination shall be September 30th of the following calendar year. The notice shall be sent to the parties at the address as set forth in this Agreement or such other address provided in writing by each party.

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Indemnification. Neither the District nor its management or agents shall be liable to the HOA for any injury, loss or damage to person or property, unless caused by the gross negligence or willful misconduct of such party. The HOA does hereby indemnify and hold harmless the District, its officers, agents, and employees from liabilities, damages, losses and costs of every kind (including, but not limited to, reasonable attorney’s fees and punitive damages) incurred by the District as a result of the District performing the services referenced herein including but not limited to all damages sustained by the District to the extent caused by the negligence, recklessness or intentional wrongful misconduct of the HOA.
Representatives. The District designates its District Engineer to act as the District’s representative with respect to this Agreement. The HOA will also identify an individual to act as the HOA’s representative with respect to this Agreement. The HOA and the District will identify an individual who will be designated as the liaison for their respective Boards for the purposes of this Agreement.
Assignment. Neither the District nor the HOA may assign this Agreement without the prior written approval of the other. No employees, agents or representatives of the District or the HOA are personally or individually bound by this Agreement.
Attorney’s Fees. If any litigation occurs between the parties as a result of this Agreement or any other document or act required by this Agreement, the prevailing party shall be entitled to recover reasonable attorney’s fees and all court costs including attorney’s fees and court costs incurred in any appellate and/or bankruptcy proceedings as well as proceedings to determine entitlement to and reasonableness of fees and costs.
Agreement. This instrument shall constitute the final and complete expression of this Agreement between the District and the HOA relating to the subject matter of this Agreement.
Amendments and Waivers. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the HOA. A waiver by either party of any provision of this Agreement shall not act as a waiver of any other provision of this Agreement.
Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the HOA and both the District and the HOA have full power and authority to comply with the terms and provisions of this instrument.
Notices. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:
If to the District:	Blackburn Creek Community Development District c/o PFM, 3501 Quadrangle Boulevard, Suite 270

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Orlando, Florida 32817 Attn: District Manager
With a copy to:	Andrew H. Cohen, Esq.
Persson, Cohen, Mooney, Fernandez & Jackson, P.A. 6853 Energy Court
Lakewood Ranch, FL 34240

If to the HOA:	Grand Palm Master Association, Inc.
1900 Observation Boulevard
Venice, Florida 34292
Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States Government shall not be regarded as business days. Counsel for the District and counsel for the HOA may deliver Notice on behalf of the District and the HOA, respectively. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.
Third Party Beneficiaries. This Agreement is solely for the benefit of the District and the HOA and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the HOA any right, remedy or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the HOA and their respective representatives, successors and assigns.
Controlling Law. This Agreement and the provisions contained in this Agreement shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any dispute shall be Sarasota County, Florida.
Effective Date. This Agreement shall be effective after execution by both the District and the HOA and shall remain in effect for the term as referenced above.

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Public Records. The HOA understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and may be treated as such in accordance with Florida law.
Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement or any part of this Agreement not held to be invalid or unenforceable.
Arm’s Length Transaction. This Agreement has been negotiated fully between the District and the HOA as an arm’s length transaction. The District and the HOA participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and any doubtful language will not be interpreted or construed against any party.
Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument.
Compliance with Public Records Laws. HOA understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and shall be treated as such by the HOA, in accordance with Florida law. As such, the HOA must 1.) keep and maintain public records required by the District to perform the service; 2.) upon request by the District’s 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 Agreement term and following the Agreement term if the HOA does not transfer the records to the Public Records Custodian of the District; and 4.) upon completion of the Agreement, transfer to the District, at no cost, all public records in HOA’s possession or the HOA must keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the HOA, the HOA 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 the Microsoft

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Word or in Adobe pdf format. HOA acknowledges that the designated Public Record Custodian for the District is PFM Group Consulting, LLC.

IF THE HOA HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE HOA’s DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT DISTRICT RECORDS CUSTODIAN AT (407) 723-5900, OR BY EMAIL AT RECORDREQUEST@PFM, OR BY REGULAR MAIL AT 3501 QUADRANGLE BOULEVARD, SUITE 270, ORLANDO, FL 32817.

IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement the day and year referenced below.

Blackburn Creek Community Development District

By: 	 Name: 		 Title: 		 Date: 		

Grand Palm Master Association, Inc.

By: 	 Name: 		 Title: 		 Date: 		

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Exhibit A HOA Facilities

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Exhibit B Scope of Work

1. Engineering. The District’s engineer shall perform any required services in support of this Agreement. All engineering services costs attributed to this Agreement, shall be billed within the District’s invoice, and shall be paid according to the terms of this Agreement.

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Blackburn Creek Community Development District

Consideration of Egis Insurance Renewal
FY 2026

Blackburn Creek Community Development District c/o PFM Group Consulting, LLC
3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

INVOICE

Customer

Acct #	Blackburn Creek Community Development District
174	
Date	09/04/2025	
Customer Service	
Charisse Bitner	
Page	1 of 1	

Payment Information	
Invoice Summary	$	7,932.00	
Payment Amount		
Payment for:	Invoice#29026	
100125121	
Thank You

Please detach and return with payment

Customer: Blackburn Creek Community Development District

Invoice	Effective	Transaction	Description	Amount	

29026	

10/01/2025	

Renew policy	Policy #100125121 10/01/2025-10/01/2026	

7,932.00	
			Florida Insurance Alliance			
			POL,EPLI,EBL,Herb & Pest - Renew policy Due Date: 9/4/2025		
Please Remit Payment To:
Egis Insurance and Risk Advisors
P.O. Box 748555	Total	
	$	7,932.00	
	Thank You	
FOR PAYMENTS SENT OVERNIGHT : Bank of America Lockbox Se TO PAY VIA ACH: Accretive Global Insurance Services LLC	rvices, Lockbox 748555, 6000 Feldwood Rd. Coll	ege Park , GA 30349		
Routing ACH: 121000358 Account: 1291776914		
	
Remit Payment To: Egis Insurance Advisors	(321)233-9939
P.O. Box 748555
Atlanta, GA 30374-8555	accounting@egisadvisors.com	Date		
	09/04/2025		

Blackburn Creek Community Development District

Ratification of Payment Authorization Nos. 244 & 245

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 244
7/30/2025

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

2025.07.23	Michael Sprout (BLACKB)	07/23/2025	Blackburn Creek CDD	200.00
2025.07.23	Phil Davis (BLACKB)	07/23/2025	Blackburn Creek CDD	200.00
2025.07.23	Kirk Fegley (BLACKB)	07/23/2025	Blackburn Creek CDD	200.00
2025.07.23	Kevin Johnson (BLACKB)	07/23/2025	Blackburn Creek CDD	200.00
2025.07.23	James Sverapa (BLACKB)	07/23/2025	Blackburn Creek CDD	200.00
Total:	1,000.00

Blackburn Creek CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 245
8/19/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
2048	Brletic Dvorak Inc (BLACKB)	07/31/2025	Blackburn Creek CDD		2,910.00	
0007248844	Gannett Florida LocaliQ (BLACKB)	07/31/2025	Blackburn Creek CDD		167.00	
2025.08.12	James Sverapa (BLACKB)	08/12/2025	Blackburn Creek CDD		200.00	
2025.08.12	Kevin Johnson (BLACKB)	08/12/2025	Blackburn Creek CDD		200.00	
2025.08.12	Kirk Fegley (BLACKB)	08/12/2025	Blackburn Creek CDD		200.00	
2025.08.12	Michael Sprout (BLACKB)	08/12/2025	Blackburn Creek CDD		200.00	
6194	Persson, Cohen, Mooney, Fernan (BLACKB)	08/01/2025	Blackburn Creek CDD		380.00	
DM-08-2025-04	PFM Group Consulting (BLACKB)	08/08/2025	Blackburn Creek CDD		3,025.00	
OE-EXP-08-2025-03	PFM Group Consulting (BLACKB)	08/07/2025	Blackburn Creek CDD		14.71	
2025.08.12	Phil Davis (BLACKB)	08/12/2025	Blackburn Creek CDD		200.00	
				Total:	7,496.71	

Blackburn Creek CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Blackburn Creek Community Development District

Review of District Financial Statements

Blackburn Creek CDD
August 2025 Financial Package

August 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Blackburn Creek CDD Statement of Financial Position As of 8/31/2025

Debt Service	Debt Service	Debt Service	Debt Service	Long Term	
Fund 2019	Fund - 2015	Fund - 2018	Fund - 2023	Debt Group	

General Fund	Total

	Assets		
Current Assets
General Checking Account	
$224,279.45												
$224,279.45	
Money Market Account	249,555.31												249,555.31	
Prepaid Expenses	3,523.89												3,523.89	
Debt Service Reserve 2019A Bond			$163,410.00										163,410.00	
Revenue 2019A Bond			181,433.27										181,433.27	
Interest 2019A1 Bond			7.72										7.72	
Interest 2019A2 Bond			3.54										3.54	
Sinking Fund 2019A1 Bond			0.02										0.02	
Sinking Fund 2019A2 Bond			0.01										0.01	
Prepayment 2019A1 Bond			3,600.56										3,600.56	
Prepayment 2019A2 Bond			2,007.99										2,007.99	
Debt Service Reserve 2015A1 Bond					$225,650.00								225,650.00	
Debt Service Reserve 2015A2 Bond					81,406.25								81,406.25	
Revenue 2015A Bond					309,972.58								309,972.58	
Prepayment 2015A1 Bond					27,719.65								27,719.65	
Prepayment 2015A2 Bond					4,793.95								4,793.95	
Revenue 2018A Bond							$343,352.85						343,352.85	
Prepayment 2018A1 Bond							33,771.88						33,771.88	
Debt Service Reserve 2018A1 Bond							267,215.11						267,215.11	
Sinking Fund 2018A2 Bond							61.47						61.47	
Prepayment 2018A2 Bond							15,060.28						15,060.28	
Revenue 2023 Bond									$120,148.27				120,148.27	
Prepayment 2023 Bond									11,594.79				11,594.79	
Interest 2023 Bond									4.81				4.81	
Total Current Assets	$477,358.65		$350,463.11		$649,542.43		$659,461.59		$131,747.87		$0.00		$2,268,573.65	

Investments														
Amount Available in Debt Service Funds											$1,791,215.00		$1,791,215.00	
Amount To Be Provided											18,181,785.00		18,181,785.00	
Total Investments	$0.00		$0.00		$0.00		$0.00		$0.00		$19,973,000.00		$19,973,000.00	
Total Assets	$477,358.65		$350,463.11		$649,542.43		$659,461.59		$131,747.87		$19,973,000.00		$22,241,573.65	

Liabilities and Net Assets

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$19,973,000.00

Total Long Term Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$19,973,000.00

Total Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$19,973,000.00

Net Assets

$19,973,000.00

$19,973,000.00

$19,973,000.00

Net Assets, Unrestricted	($2,698.24)												($2,698.24)	
Current Year Net Assets, Unrestricted	(62,712.50)												(62,712.50)	
Net Assets - General Government	296,739.86												296,739.86	
Current Year Net Assets - General Govt	246,029.53												246,029.53	
Net Assets, Unrestricted			$338,962.95										338,962.95	
Current Year Net Assets, Unrestricted			11,500.16										11,500.16	
Net Assets, Unrestricted					$626,688.17								626,688.17	
Current Year Net Assets, Unrestricted					22,854.26								22,854.26	
Net Assets, Unrestricted							$702,880.50						702,880.50	
Current Year Net Assets, Unrestricted							(43,418.91)						(43,418.91)	
Net Assets, Unrestricted									$136,128.24				136,128.24	
Current Year Net Assets, Unrestricted									(4,380.37)				(4,380.37)	
Total Net Assets	$477,358.65		$350,463.11		$649,542.43		$659,461.59		$131,747.87		$0.00		$2,268,573.65	
														
Total Liabilities and Net Assets	$477,358.65		$350,463.11		$649,542.43		$659,461.59		$131,747.87		$19,973,000.00		$22,241,573.65	

Page 1 of 4

			Blackburn Creek CDD									
			Statement of Activities									
			As of 8/31/2025									
	
General Fund		Debt Service	Debt Service
Fund 2019	Fund - 2015		Debt Service Fund - 2018		Debt Service Fund - 2023		Long Term Debt Group		
Total	

Revenues												
On-Roll Assessments	$347,517.43										$347,517.43	
Off-Roll Assessments	24,509.46										24,509.46	
On-Roll Assessments			$268,739.59								268,739.59	
Off-Roll Assessments			48,505.63								48,505.63	
On-Roll Assessments			$271,663.90								271,663.90	
Off-Roll Assessments			22,187.40								22,187.40	
Other Assessments			23,402.50								23,402.50	
On-Roll Assessments					$640,708.11						640,708.11	
Off-Roll Assessments					81,652.48						81,652.48	
Other Assessments					159,093.07						159,093.07	
On roll Assessments							$285,052.31				285,052.31	
Other Assessments			
 				11,191.37				11,191.37	
Total Revenues	$372,026.89		$317,245.22	$317,253.80		$881,453.66		$296,243.68		$0.00		$2,184,223.25	
Expenses												
Supervisor Fees	$14,000.00										$14,000.00	
Public Officials' Insurance	3,061.00										3,061.00	
Trustee Services	16,137.69										16,137.69	
Management	33,275.00										33,275.00	
Engineering	26,205.00										26,205.00	
Disclosure Agent	15,000.00										15,000.00	
District Counsel	7,959.52										7,959.52	
Assessment Administration	15,000.00										15,000.00	
Reamortization Schedules	500.00										500.00	
Audit	4,900.00										4,900.00	
Postage & Shipping	89.49										89.49	
Legal Advertising	933.25										933.25	
Bank Fees	50.00										50.00	
Web Site Maintenance	2,385.00										2,385.00	
Dues, Licenses, and Fees	175.00										175.00	
Stormwater Maintenance	62,712.50										62,712.50	
General Insurance	4,422.00										4,422.00	
Principal Payment - 2013A1, 2019A1			$60,000.00								60,000.00	
Principal Payment - 2019A2			25,000.00								25,000.00	
Interest Payments - 2013A1, 2019A1			160,767.51								160,767.51	
Interest Payments - 2019A2			73,920.00								73,920.00	
Principal Payments - 2015A1 bond			$75,000.00								75,000.00	
Principal Payments - 2015A2 bond			20,000.00								20,000.00	
Interest Payments - 2015A1 bond			165,512.50								165,512.50	
Interest Payments - 2015A2 bond			57,812.50								57,812.50	
Principal Payment - 2018A1 Bond					$338,000.00						338,000.00	
Principal Payment - 2018A2 Bond					72,000.00						72,000.00	
Interest Payment - 2018A1 Bond					459,909.26						459,909.26	
Interest Payment - 2018A2 Bond					81,877.25						81,877.25	
Principal Payments S2023							$136,000.00				136,000.00	
Interest Payment - S2023			
 				171,045.60				171,045.60	
Total Expenses	$206,805.45		$319,687.51	$318,325.00		$951,786.51		$307,045.60		$0.00		$2,103,650.07	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$18,095.59										$18,095.59	
Interest Income			$13,942.45								13,942.45	
Interest Income			$23,925.46								23,925.46	
Interest Income					$26,913.94						26,913.94	
Interest income			
 				$6,421.55				6,421.55	
Total Other Revenues (Expenses) & Gains (Losses)	$18,095.59		$13,942.45	$23,925.46		$26,913.94		$6,421.55		$0.00		$89,298.99	
Change In Net Assets	$183,317.03		$11,500.16	$22,854.26		($43,418.91)		($4,380.37)		$0.00		$169,872.17	

Net Assets At Beginning Of Year	$294,041.62		$338,962.95	$626,688.17		$702,880.50		$136,128.24		$0.00		$2,098,701.48	

Net Assets At End Of Year	

$477,358.65		 

$350,463.11	$649,542.43		

$659,461.59		

$131,747.87		

$0.00		

$2,268,573.65	

Page 2 of 4

Blackburn Creek CDD
Budget to Actual
For The Month Ending 8/31/2025

Year To Date
FY 2025
Actual	Budget	Variance	Adopted	Percentage
Budget

Revenues

On/Off Roll Assessments	$	372,026.89		$	339,166.63		$	32,860.26		$	370,000.00		100.55%	
Carry Forward Revenue	85,770.41		85,770.41		-		93,567.66		91.67%	
Net Revenues	$	457,797.30		$	424,937.04		$	32,860.26		$	463,567.66		98.76%	
General & Administrative Expenses

Supervisor Fees	$	14,000.00		$	11,000.00		$	3,000.00		$	12,000.00		116.67%	
Public Officials' Insurance	3,061.00		3,025.00		36.00		3,300.00		92.76%	
Trustee Services	16,137.69		14,666.63		1,471.06		16,000.00		100.86%	
Management	33,275.00		33,275.00		-		36,300.00		91.67%	
Engineering	26,205.00		11,000.00		15,205.00		12,000.00		218.38%	
Disclosure Agent	15,000.00		13,750.00		1,250.00		15,000.00		100.00%	
District Counsel	7,959.52		18,333.37		(10,373.85)		20,000.00		39.80%	
Assessment Administration	15,000.00		13,750.00		1,250.00		15,000.00		100.00%	
Reamortization Schedules	500.00		916.63		(416.63)		1,000.00		50.00%	
Audit	4,900.00		5,041.63		(141.63)		5,500.00		89.09%	
Arbitrage Calculation	-		916.63		(916.63)		1,000.00		0.00%	
Postage & Shipping	89.49		412.50		(323.01)		450.00		19.89%	
Legal Advertising	933.25		3,208.37		(2,275.12)		3,500.00		26.66%	
Bank Fees	50.00		229.13		(179.13)		250.00		20.00%	
Miscellaneous	-		183.37		(183.37)		200.00		0.00%	
Office Supplies	-		229.13		(229.13)		250.00		0.00%	
Web Site Maintenance	2,385.00		2,585.00		(200.00)		2,820.00		84.57%	
Dues, Licenses, and Fees	175.00		160.38		14.62		175.00		100.00%	
Stormwater Reserve	-		196,553.28		(196,553.28)		214,421.70		0.00%	
Stormwater Maintenance	62,712.50		63,974.79		(1,262.29)		69,790.67		89.86%	
General Insurance	4,422.00		4,308.37		113.63		4,700.00		94.09%	
Hardscape Maintenance	-		27,417.83		(27,417.83)		29,910.29		0.00%	
Total General & Administrative Expenses	$	206,805.45		$	424,937.04		$  (218,131.59)		$	463,567.66		44.61%	

Total Expenses	 $	206,805.45	 $		424,937.04	 $ (218,131.59)	 $		463,567.66 Income (Loss) from Operations		$	250,991.85		$		-		$	250,991.85		$		-
Other Income (Expense)

Interest Income	$	18,095.59		$	-	$	18,095.59		$	-	
Total Other Income (Expense)	$	18,095.59		 
$	-	$	18,095.59		$	-	
Net Income (Loss)	$	269,087.44		 
$	-	$	269,087.44		$	-	

Page 3 of 4

Blackburn Creek CDD	
Outstanding Bonds	
As of August 31, 2025	
			Bond	Issuance
Date	Maturity
Date	Initial	Balance	Paid	To	Date	Principal
Outstanding	Interest	GP Phase
Lots	
	2015A-1	CUSIP:	09228KAB8	5/1/2015	5/1/2035		1,575,000		695,000	880,000	6.25%	560-662,
953-1248	
	2015A-1	CUSIP:	09228KAC6	5/1/2015	5/1/2045		1,945,000		310,000	1,635,000	6.50%		
	2015A-2	CUSIP:	09228KAD4	5/1/2015	5/1/2045		5,245,000		4,340,000	905,000	6.25%		
			2015	Bond				8,765,000		5,345,000	3,420,000			
	2018A-1	CUSIP:	09228KAE2	5/1/2018	5/1/2028		1,660,000		1,136,000	524,000	5.25%	
1249-1683,
1717-1841	
	2018A-1	CUSIP:	09228KAF9	5/1/2018	5/1/2038		2,890,000		339,000	2,551,000	5.75%		
	2018A-1	CUSIP:	09228KAG7	5/1/2018	5/1/2048		5,165,000		597,000	4,568,000	5.90%		
	2018A-2	CUSIP:	09228KAH5	5/1/2018	5/1/2048		2,880,000		1,558,000	1,322,000	5.90%		
			2018	Bond			12,595,000		3,630,000	8,965,000			
	2019A-1	CUSIP:	09228KAJ1	5/1/2019	5/1/2029		595,000		335,000	260,000	4.75%	
663-849,
1842-1897	
	2019A-1	CUSIP:	09228KAK8	5/1/2019	5/1/2039		985,000		30,000	955,000	5.45%		
	2019A-1	CUSIP:	09228KAL6	5/1/2019	5/1/2049		1,715,000		45,000	1,670,000	5.60%		
	2019A-2	CUSIP:	09228KAM4	5/1/2019	5/1/2049		1,445,000		150,000	1,295,000	5.60%		
			2019	Bond				4,740,000		560,000	4,180,000			
	2023	CUSIP:	09227DAC3	5/1/2023	5/1/2043		3,665,000		257,000	3,408,000	4.84%	1-559	
			2023	Bond				3,665,000		257,000	3,408,000			
			2013*	3/28/2013	----		5,455,000				-	6.00%		
TOTALS							29,765,000	9,792,000	19,973,000			

*	
Refinanced													

Page 4 of 4