Title: Blackburn Creek CDD Agenda 09-08-2026
Company: PFM FA LLC
Category: RFP #

MINUTES OF MEETING

SECOND ORDER OF BUSINESS

Business Matters

Blackburn Creek Community Development District

Blackburn Creek CDD

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

The meeting of the Board of Supervisors for the Blackburn Creek Community Development District will be held Tuesday, September 8, 2026, at 11:00 a.m. located at 6853 Energy Ct, Lakewood Ranch, FL 34240. The agenda is as follows:

ATTENDEES: Please identify yourself each time you speak to facilitate accurate transcription of meeting minutes.
Please use the following information to attend the telephone conference:

Conference Call: 1-844-621-3956	Meeting number (access code): 2538 286 6774 Join online: https://pfmcdd.webex.com/meet/ripollv
BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters

Call to Order/Roll Call
Public Comment (where members of the public desiring to speak on a specific agenda item may address the Board, limited to 3 minutes per person)
Administrative Matter

Review and Consideration of the
Minutes of the August 11, 2026, Board of Supervisors Meeting
Old Business Matters
Update on District Engineer Project(s)
Discussion of Proposed October 2, 2026 Workshop Meeting with Grand Palm Master BOD

New Business Matters

Ratification of Payment Authorization Nos. 272-273
Review of District Financial Statements

Other Business
Staff Reports
District Counsel: Persson, Cohen, Mooney, Fernandez & Jackson, P.A.
District Engineer: BDI Engineering
Consideration of Fiscal Year 2027 CDD Labor Rates
District Manager: PFM Management Services LLC
Next Meeting October 13, 2026

Supervisors Request & Comments Adjournment

Blackburn Creek Community Development District

Review and Consideration of the:
Minutes of August 11, 2026, Board of Supervisors Meeting

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Tuesday, August 11, 2026, at 11:00 a.m. 6853 Energy Ct., Lakewood Ranch, FL 34240

Board Members Present via Speaker or in Person:

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

Also Present via Speaker or in Person:

Venessa Ripoll	District Manager- PFM Group Consulting LLC
Gazmin Kerr | ADM - PFM Group Consulting LLC | (via phone)
Rick Montejano | Accountant - PFM Group Consulting LLC |
Andy Cohen | District Counsel |
Robert Dvorak | District Engineer - BDI | (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 11:02 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.
Ms. Ripoll asked for a motion to allow Mr. Davis to vote via Webex.

On MOTION by Mr. Sprout, seconded by Mr. Johnson, with all in favor, the Board allowed Mr. Davis to vote via Webex.

Public Comment Period
There were no members of the public present at this time.

Review and Consideration of the
Minutes of the July 7, 2026, Auditor Selection Committee Meeting
Minutes of the July 7, 2026, Board of Supervisors Meeting

The Board reviewed the minutes.

On MOTION by Mr. Fegley, seconded by Mr. Johnson, with all in favor, the Board approved the Minutes of the July 7, 2026, Auditor Selection Committee Meeting and Minutes of the July 7, 2026, Board of Supervisors Meeting.

THIRD ORDER OF BUSINESS	Business Matters
Update on District Engineer Project(s)

Mr. Dvorak stated that there were no significant updates. The January and February inspections are lined up.

Discussion of September Workshop with Grand Palm Master Association

Mr. Sprout noted that the original Workshop date of September 18, 2026, does not work for the Board. The Board has agreed to move the Workshop to Friday, October 2, 2026, at 11:00 am at the Social Club.

FOURTH ORDER OF BUSINESS	New Business Matters

Consideration of Resolution 2026-07, Adopting the Annual Meeting Schedule for Fiscal Year 2026-2027
The Board reviewed the meeting schedule. Ms. Ripoll noted the schedule will remain on the Second Tuesday of the month at 11:00 a.m. at 6853 Energy Ct. Lakewood Ranch, FL 34240.

On MOTION by Mr. Fegley, seconded by Mr. Davis, with all in favor, the Board approved Resolution 2026-07, Adopting the Annual Meeting Schedule for Fiscal Year 2026-2027.

Review and Consideration of Grau & Associates Engagement Letter
The Board reviewed the Grau & Associates Engagement Letter.

On MOTION by Mr. Johnson seconded by Mr. Fegley, with all in favor, the Board approved Grau & Associates Engagement Letter.

Ratification of Payment Authorization Nos. 267-271

The Board reviewed the Payment Authorizations.

On MOTION by Mr. Johnson, seconded by Mr. Fegley, with all in favor, the Board ratified Payment Authorization Nos. 267-271.

Review of District Financial Statements
The Board reviewed the District financials through July 31, 2026.

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

Public Hearing on Adoption of Fiscal Year 2026/2027 Budget
Public Comments
Board Comments
Consideration			of Resolution	2026-05, Relating to the Annual Appropriations		and Adopting the Budget for the Fiscal Year Beginning October  1,  2026,  and
Ending September 30, 2027

Ms. Ripoll requested a motion to open the Public Hearing for .

On MOTION by Mr. Johnson, seconded by Mr. Sprout, with all in favor, the Board opened the Public Hearing.

There were no members of the public present.

Mr. Montejano compared the reserve study to what has been completed so far and discussed how to get back on track.

There was a lengthy discussion on how the reserves would be used.

Mr. Johnson noted the first sight of the Reserve line item would be reflected on the 2028 budget.

Mr. Montejano noted the District is receiving a good interest rate on the Money Market account.
Mr. Dvorak noted the engineering Fees are increasing for this year at about 3.8%. His office will submit the update as soon as it is available.

The Board further discussed and reviewed the Budget.

On MOTION by Mr. Johnson, seconded by Mr. Sprout, with all in favor, the Board closed the Public Hearing.

On MOTION by Mr. Fegley, seconded by Mr. Davis, with all in favor, the Board approved Resolution 2026-05, Relating to the Annual Appropriations and Adopting the Budget for the Fiscal Year Beginning October 1, 2026, and Ending September 30, 2027.

Public Hearing on the Imposition of Operation and Maintenance Assessments
Public Comments
Board Comments
Consideration of Resolution 2026-06, Imposing Operating and Maintenance Assessments and Certifying an Assessment Roll

On MOTION by Mr. Johnson, seconded by Mr. Sprout, with all in favor, the Board opened the Public Hearing.

On MOTION by Mr. Johnson, seconded by Mr. Sprout, with all in favor, the Board closed the Public Hearing.

On MOTION by Mr. Sprout, seconded by Mr. Fegley, with all in favor, the Board approved Resolution 2026-06, Imposing Operating and Maintenance Assessments and Certifying an Assessment Roll.

FIFTH ORDER OF BUSINESS	Staff Reports
District Counsel –	No report.

District Engineer –	No report.
District Manager –	Ms. Ripoll noted that the next Board meeting will be September 8,
2026.

SIXTH ORDER OF BUSINESS	Audience	Comments	and Supervisor Requests
There were no comments or Supervisor requests at this time.

SEVENTH 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. Fegley, with all in favor, the August 11, 2026, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at approximately 11:45 a.m.

Secretary/Assistant Secretary	Chair/Vice Chair

Update on District Engineer Project(s)

Discussion of Proposed October 2, 2026 Workshop Meeting with Grand Palm Master BOD

Ratification of Payment Authorization Nos. 272-273

Payment Authorization No. 272
8/12/2026

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

2549	Brletic Dvorak Inc (BLACKB)	07/31/2026	Blackburn Creek CDD	525.00

7224

Persson, Cohen, Mooney, Fernan (BLACKB)

08/04/2026	Blackburn Creek CDD

777.50

2026.08.11

Kevin Johnson (BLACKB)

08/11/2026	Blackburn Creek CDD

200.00

2026.08.11

Michael Sprout (BLACKB)

08/11/2026	Blackburn Creek CDD

200.00

2026.08.11

Phil Davis (BLACKB)

08/11/2026	Blackburn Creek CDD

200.00

8787	VGlobalTech (BLACKB)	08/01/2026	Blackburn Creek CDD	145.00

2026.08.11	Kirk Fegley (BLACKB)	08/11/2026	Blackburn Creek CDD	200.00

0007821907	Gannett Florida LocaliQ (BLACKB)	07/31/2026	Blackburn Creek CDD	590.50

Total:	2,838.00

Payment Authorization No. 273
8/19/2026

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

DM-08-2026-4	PFM Management Services LLC (BLACKB)

08/06/2026	Blackburn Creek CDD	3,327.50

OE-EXP-08-2026-02	PFM Management Services LLC (BLACKB)

08/07/2026	Blackburn Creek CDD

32.28

Total:	3,359.78

Blackburn Creek Community Development District

Review of District Financial Statements

Blackburn Creek CDD
August 2026 Financial Package

August 31, 2026

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

Statement of Financial Position As of 8/31/2026

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

General Fund	Total

Current Assets
General Checking Account Money Market Account Prepaid Expenses Restricted Reserve
Debt Service Reserve 2019A Bond Revenue 2019A Bond
Interest 2019A1 Bond Interest 2019A2 Bond Sinking Fund 2019A1 Bond Sinking Fund 2019A2 Bond Prepayment 2019A1 Bond Prepayment 2019A2 Bond
Debt Service Reserve 2015A1 Bond Debt Service Reserve 2015A2 Bond Revenue 2015A Bond
Prepayment 2015A1 Bond Prepayment 2015A2 Bond
Debt Service Reserve 2018A1 Bond Revenue 2018A Bond
Prepayment 2018A1 Bond Prepayment 2018A2 Bond Sinking Fund 2018A2 Bond Revenue 2023 Bond
Interest 2023 Bond
Prepayment 2023 Bond Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

$227,874.20 172,986.92
10,153.39
257,184.00

$668,198.51

$0.00

$668,198.51

$0.00

Assets

$163,410.00 195,674.62
0.03
0.01
0.02
0.01
3,735.25
2,083.10
$223,925.00 80,312.50
332,844.55
17,366.95
7,520.21

 
$364,903.04	$661,969.21

 
$0.00	$0.00

$364,903.04	$661,969.21

Liabilities and Net Assets

 
$0.00	$0.00

$271,598.87 378,313.90
43,512.81
18,800.19
63.78

$712,289.55

$0.00

$712,289.55

$0.00

$125,710.38
0.02
726.84

$126,437.24

$0.00

$126,437.24

$0.00

$0.00

$1,865,599.04 17,420,400.96

$19,286,000.00

$19,286,000.00

$19,286,000.00

$19,286,000.00

$227,874.20 172,986.92
10,153.39
257,184.00
163,410.00
195,674.62
0.03
0.01
0.02
0.01
3,735.25
2,083.10
223,925.00
80,312.50
332,844.55
17,366.95
7,520.21
271,598.87
378,313.90
43,512.81
18,800.19
63.78
125,710.38
0.02
726.84

$2,533,797.55

$1,865,599.04 17,420,400.96

$19,286,000.00

$21,819,797.55

$19,286,000.00

$19,286,000.00

Total Liabilities | $0.00 | | $0.00 | | $0.00 | | $0.00 | | $0.00 | | $19,286,000.00 | | $19,286,000.00

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

($48,034.62) 527,536.13
188,697.00

$668,198.51

$668,198.51

$352,913.32 11,989.72

$364,903.04

$364,903.04

$654,050.21 7,919.00

$661,969.21

$661,969.21

$710,643.40 1,646.15

$712,289.55

$712,289.55

$132,641.54 (6,204.30)

$126,437.24

$126,437.24

$0.00

$19,286,000.00

($48,034.62) 527,536.13
188,697.00
352,913.32
11,989.72
654,050.21
7,919.00
710,643.40
1,646.15
132,641.54
(6,204.30)

$2,533,797.55

$21,819,797.55

Statement of Activities As of 8/31/2026

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

General Fund	Total

Revenues
On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments Other Assessments
Inter-Fund Group Transfers In On-Roll Assessments
Off-Roll Assessments Other Assessments On roll Assessments
Total Revenues

$341,956.84 10,080.80

$352,037.64

$297,551.83 17,529.28

$315,081.11

$287,426.73 17,474.84
26,007.44
3,275.44

$334,184.45

$672,520.62 33,909.04
133,457.73

$839,887.39

$284,765.08

$284,765.08

$0.00

$341,956.84 10,080.80
297,551.83
17,529.28
287,426.73
17,474.84
26,007.44
3,275.44
672,520.62
33,909.04
133,457.73
284,765.08

$2,125,955.67

Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management
Engineering Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Stormwater Maintenance General Insurance
Principal Payment - 2013A1, 2019A1 Principal Payment - 2019A2
Interest Payments - 2013A1, 2019A1 Interest Payments - 2019A2 Principal Payments - 2015A1 bond Principal Payments - 2015A2 bond Interest Payments - 2015A1 bond Interest Payments - 2015A2 bond Principal Payment - 2018A1 Bond Principal Payment - 2018A2 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Inter-Fund Transfers
Principal Payment S2023 Bond Interest Payment - S2023 Bond
Total Expenses

$10,600.00 3,245.00
14,506.38
36,602.50
32,625.00
12,500.00
7,230.75
15,000.00
1,375.00
5,000.00
6,000.00
43.66
224.51
1,669.50
141.84
2,495.00
175.00
30,000.00
4,687.00

$184,121.14

$60,000.00 25,000.00
157,917.50
72,520.00

$315,437.50

$90,000.00 40,000.00
160,487.50
56,640.63

$347,128.13

$278,000.00 62,000.00
518,425.52
147.50
3,275.44

$861,848.46

$132,000.00 164,705.20

$296,705.20

$0.00

$10,600.00 3,245.00
14,506.38
36,602.50
32,625.00
12,500.00
7,230.75
15,000.00
1,375.00
5,000.00
6,000.00
43.66
224.51
1,669.50
141.84
2,495.00
175.00
30,000.00
4,687.00
60,000.00
25,000.00
157,917.50
72,520.00
90,000.00
40,000.00
160,487.50
56,640.63
278,000.00
62,000.00
518,425.52
147.50
3,275.44
132,000.00
164,705.20

$2,005,240.43

Other Revenues (Expenses) & Gains (Losses) Interest Income Interest Income Interest Income Interest Income Interest income Total Other Revenues (Expenses) & Gains (Losses) | $20,780.50 $20,780.50 | | $12,346.11 $12,346.11 | | $20,862.68 $20,862.68 | | $23,607.22 $23,607.22 | | $5,735.82 $5,735.82 | | $0.00 | | $20,780.50 12,346.11 20,862.68 23,607.22 5,735.82 $83,332.33
Change In Net Assets | $188,697.00 | | $11,989.72 | | $7,919.00 | | $1,646.15 | | ($6,204.30) | | $0.00 | | $204,047.57
Net Assets At Beginning Of Year | $479,501.51 | | $352,913.32 | | $654,050.21 | | $710,643.40 | | $132,641.54 | | $0.00 | | $2,329,749.98
Net Assets At End Of Year | $668,198.51 | | $364,903.04 | | $661,969.21 | | $712,289.55 | | $126,437.24 | | $0.00 | | $2,533,797.55

Budget to Actual
For The Month Ending 8/31/2026

Year To Date

FY 2026

Actual | Budget | Variance	Adopted Budget

$

$

352,037.64
83,632.01
435,669.65

$

$

330,074.14
83,632.01
413,706.15

$

$

21,963.50	$ 350,000.00
-	101,315.70
21,963.50	$ 451,315.70

$

$

10,600.00
3,245.00
14,506.38
36,602.50
32,625.00
12,500.00
7,230.75
15,000.00
1,375.00
5,000.00
6,000.00
43.66
224.51
1,669.50
- 141.84
2,495.00
175.00
- 30,000.00
4,687.00
184,121.14

$

$

12,833.37
3,157.00
14,666.63
36,602.50
22,000.00
13,750.00
13,750.00
13,750.00
916.63
5,041.63
916.63
45.87
412.50
2,291.63
229.13
183.37
3,135.00
160.38
196,553.28
68,750.00
4,560.60
413,706.15

$

$

(2,233.37)	$ 14,000.00
88.00	3,444.00
(160.25)	16,000.00
-	39,930.00
10,625.00	24,000.00
(1,250.00)	15,000.00
(6,519.25)	15,000.00
1,250.00	15,000.00
458.37	1,000.00
(41.63)	5,500.00
5,083.37	1,000.00
(2.21)	50.00
(187.99)	450.00
(622.13)	2,500.00
(229.13)	250.00
(41.53)	200.00
(640.00)	3,420.00
14.62	175.00
(196,553.28)	214,421.70
(38,750.00)	75,000.00
126.40	4,975.00
(229,585.01)	$ 451,315.70

$ | 184,121.14 | $ | 413,706.15 | $ | (229,585.01)  $ 451,315.70
$ | 251,548.51 | $ | - | $	251,548.51	$	-

$
$
$

20,780.50
20,780.50
272,329.01

$
$
$

-
-
-

$	20,780.50	$	-
$	20,780.50	$	-
$	272,329.01	$	-

Percentage

Revenues
On/Off Roll Assessments Carry Forward Revenue

Net Revenues
General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Stormwater Reserve Stormwater Maintenance General Insurance

Total General & Administrative Expenses Total Expenses
Income (Loss) from Operations

Other Income (Expense)
Interest Income

Total Other Income (Expense)

Net Income (Loss)

100.58%
82.55%

96.53%

75.71%
94.22%
90.66%
91.67%
135.94%
83.33%
48.21%
100.00%
137.50%
90.91%
600.00%
87.32%
49.89%
66.78%
0.00%
70.92%
72.95%
100.00%
0.00%
40.00%
94.21%

40.80%

 

 	 

Staff Reports

District Engineer: BDI Engineering
Consideration of Fiscal Year 2027 CDD Labor
Rates

CDD Labor Rates
(October 1, 2026 – September 30, 2027)

Classification | Rates
Principal | $245
Project Manager I | $215
Project Manager II | $185
Senior Engineer | $195
Project Engineer | $155
Engineer | $125
Senior Environmental Scientist | $155
Environmental Scientist | $115
Senior Designer | $125
Designer | $105
Senior Engineering Technician | $95
Engineering Technician | $75
Field Manager | $140
Senior Inspector | $125
Inspector | $85
Clerical | $50

536 4th Ave. S, Unit 4 St. Petersburg, Fl 33701

D. (813) 361-1466

www.bdiengineers.com

Page |

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

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