Somerset
Community Development District

Board of Supervisors’ Meeting
September 1, 2026

District Office:
120 Richard Jackson Blvd, Suite 220 Panama City Beach, Florida 32407 850-629-0153

www.somersetcdd.org

SOMERSET COMMUNITY DEVELOPMENT DISTRICT AGENDA
Alys Beach Conference Room, located at 215 Nonesuch Way, Alys Beach, Florida 32461

Board of Supervisors

Jody Jubuisson John Rosenberg George Hartley Sam Thomas Tom Dodson

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager

Kimberly O’Mera

Rizzetta & Company, Inc.

District Counsel

Tucker Mackie

Kutak Rock, LLP

District Engineer

Jim Martelli

Innerlight Engineering

All Cellular phones and pagers must be turned off while in the meeting room.

The Public Comment portion of the agenda is where individuals may make comments on any matters that concern the District. Individuals are limited to a total of three (3) minutes to make comments during this time.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting, hearing, and/or workshop by contacting the District Manager at (850) 334-9055. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) 1-800-955-8770 (Voice), who can aid you in contacting the District Office.

A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is 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 the appeal is to be based.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
District Office  120 Richard Jackson Blvd, Suite 220, Panama City Beach, FL 32407 Mailing Address  3434 Colwell Avenue, Suite 200, Tampa, FL 33614
www.SomersetCDD.org

August 25, 2026

Board of Supervisors Somerset Community Development District

FINAL AGENDA

Dear Board Members:

The Special Meeting of the Board of Supervisors of the Somerset Community Development District will be held on Tuesday, September 1, 2026, at 1:00 p.m. (Central Time) at the Somerset Conference Hall, located at 215 Nonesuch Way, Alys Beach, FL 32461. The following is the Tentative Agenda for this meeting:

1.
2.
3.

CALL TO ORDER/ROLL CALL
AUDIENCE COMMENTS ON AGENDA ITEMS BUSINESS ADMINISTRATION

A.

Consideration of Minutes for the Board of Supervisors Meeting
held on June 4, 2026	Tab 1
Ratification of Operation and Maintenance Expenditures
for April 2026 – July 2026	Tab 2
Presentation/Acceptance of Year-End Audited Financials
for Fiscal Year 2025	Tab 3

B.

C.

4.

CONSENT AGENDA – RATIFICATION OF MAINTENANCE ITEMS	Tab 4

A.
B.
C.

AquaPro: WA #26-03: Caliza Well Repair
Arbor Tree Care: WA #26-01: 30A Palm Pruning Couch Collective:
WA #26-04: Step Light Replacement
WA #26-05: Lake Marilyn – Step Light Refeed Dune Doctors:
WA #26-03: Sargassum Removal
WA #26-04: Sargassum Removal
Lake Doctors: WA #26-04: Bladderwort & Torpedo Grass Treatment McHenry Electric:
WA #26-17: L-05 W/P GFI Outlets
WA #26-18: N Sea Garden Ped Path Lights
Mills Supply: WA #26-06: Pump Station VFD Replacement Juniper Landscaping of Florida:

D.

E.
F.

G.
H.

1.
2.
3.
4.

WA #26-20: 30A Irrigation Repair
WA #26-21: 30A Podocarpus Replacement WA #26-22: 30A Sod Repair
WA #26-23: 30A Medjool Replacement

Somerset Community Development District
September 1, 2026 Final Agenda - Page 2

5.

BUSINESS ITEMS

A.
B.
C.
D.

Consideration of Proposals for Slip Lane Paver Repairs	Tab 5
Consideration of Proposal for Sand Restoration - Dune Doctors	Tab 6
Consideration of Renewal Lake Monitoring Agreement – Lake Doctors	Tab 7
Consideration/Acceptance of Landscape Maintenance Agreement
Renewal – Juniper Landscaping of FL	Tab 8
Consideration of Fiscal Year 2026/2027 Dune Maintenance Agreement –
Dune Doctors	Tab 9
Public Hearing to Consider the Adoption of the Fiscal Year 2026/2027 Final Budget
1. Consideration of Resolution 2026-08, Annual Appropriations and
Adopting the Final Budget for Fiscal 2026/2027	Tab 10
Public Hearing to Consider the Imposition of Maintenance and Operation Special Assessments, Adoption of an Assessment Roll, and the Levy, Collection, and Enforcement of the Same
1. Consideration of Resolution 2026-09, Making a Determination of Benefit;
Imposing Special Assessments; Providing for the Collection and Enforcement
of Special Assessments; Certifying an Assessment Roll	Tab 11
Consideration of Fiscal Year 2026/2027 Direct Collection Agreement	Tab 12
Consideration of Resolution 2026-10, Annual Meeting Schedule for
Fiscal Year 2026-2027	Tab 13
Consideration of Resolution 2026-11, Rescheduling Public Hearing to
Adopt Revised Rules of Procedure	Tab 14
Consideration of Resolution 2026-12, Rescheduling Public Hearing to
Adopt Dune Modification and Maintenance Policy	Tab 15

E.

F.

G.

H.
I.

J.

K.

6.

STAFF REPORTS

A.
B.
C.
D.

District Counsel District Engineer Facility Manager District Manager

7.
8.

SUPERVISOR REQUESTS AND COMMENTS ADJOURNMENT

I look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call me at 850-629-0153.

Sincerely,
Kimberly O’Mera
Kimberly O’Mera District Manager

Tab 1

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 1

MINUTES OF MEETING

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Each person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that 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.

SOMERSET
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Somerset Community Development District was held on Thursday, June 4, 2026, at 2:00 p.m. (Central Time) at the Somerset Conference Hall, located at 215 Nonesuch Way, Alys Beach, FL 32461.

Present and constituting a quorum:

John Rosenberg George Hartley Tom Dodson Jody Jubuisson

Board Supervisor, Vice Chairman Board Supervisor, Assistant Secretary Board Supervisor, Assistant Secretary Board Supervisor, Assistant Secretary

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Also present were:

Kimberly O’Mera Jim Martelli Tucker Mackie Mike Spann Doug Lang
Sam Thomas

District Manager, Rizzetta & Company, Inc. District Engineer, Innerlight Engineering District Counsel, Kutak Rock, LLP.
Facilities Management, Alys Beach Resorts, LLC. Facilities Management, Alys Beach Resorts, LLC VP Development & Commercial Construction

FIRST ORDER OF BUSINESS

Call to Order

Ms. O’Mera called the meeting to order at 2:30 p.m. and read the roll call, confirming a quorum for the meeting.

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SECOND ORDER OF BUSINESS

Audience Comments on Agenda Items

There were no audience members present to comment.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 2

THIRD ORDER OR BUSINESS

Consideration of Minutes of the Board

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46

of

Supervisors

Meeting

Held

on

April 2, 2026

Ms. O’Mera presented the minutes of the April 2, 2026 meeting and asked for any changes.
The Board noted one correction to the minutes.

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FOURTH ORDER OR BUSINESS

Ratification	of

Operation	and

Maintenance	Expenditures	for	the Month of March 2026

Ms. O'Mera presented the Operations and Maintenance Expenditures for March 2026 in the amount of $133,924.34 and reviewed notable expenditures, including quarterly billing from Dune Doctors and stormwater inspection progress billing from Innerlight Engineering. She invited questions from the Board. There were no questions.

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FIFTH ORDER OR BUSINESS

Consideration of Resolution 2026-01,

Redesignating

the

Assistant

Treasurer of the District

Ms. O’Mera presented the resolution

2026-01, Redesignating the Assistant Treasurer by

removing Shawn Wildermuth and appointing Susan Garcia.

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70

On a motion by Mr. Rosenberg, seconded by Ms. Jubuisson, with all in favor, the Board adopted Resolution 2026-01, redesignating the Assistant Treasurer of the District, for Somerset Community Development District.

On a motion by Ms. Jubuisson, seconded by Mr. Dodson, with all in favor, the Board ratified the Operations and Maintenance Expenditures for the month of March 2026 in the amount of
$133,924.34, for Somerset Community Development District.

On a motion by Mr. Rosenberg, seconded by Mr. Hartley, with all in favor, the Board approved the Minutes of the Regular Meeting of the Board of Supervisors held on April 2, 2026, for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 3

SIXTH ORDER OR BUSINESS

Acceptance of Robert Stenhammer Resignation from Seat #5

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Ms. O’Mera presented Mr. Stenhammer’s resignation from Seat #5, effective May 6, 2026.

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SEVENTH ORDER OR BUSINESS

Consideration of Appointment to Seat #5 and Administration of Oath of Office

The Board considered the appointment of Ms. Sam Thomas to fill the vacant Board seat. The Oath of Office was administered following her appointment.

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EIGHTH ORDER OR BUSINESS

Consideration of Resolution 2026-02, Redesignating Officers of the District

Ms. O’Mera presented Resolution 2026-02 redesignating District Officers as follows:

Chairperson – Jody Jubuisson
Vice Chairperson – John Rosenberg Assistant Secretary – Tom Dodosn Assistant Secretary – Sam Thomas Assistant Secretary – George Hartley Assistant Secretary – Kimberly O’Mera Assistant Secretary – Melissa Dobbins

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On a motion by Mr. Hartley, seconded by Ms. Thomas, with all in favor, the Board adopted Resolution 2026-02, for Somerset Community Development District.

On a motion by Ms. Jubuisson, seconded by Mr. Rosenberg, with all in favor, the Board appointed Ms. Sam Thomas to Seat #5 of the Board of Supervisors and administered the Oath of Office, for Somerset Community Development District.

On a motion by Ms. Jubuisson, seconded by Mr. Dodson, with all in favor, the Board accepted the resignation of Mr. Stenhammer from Seat #5 on the Board of Supervisors, for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 4

NINETH ORDER OR BUSINESS

Presentation of Registered Voter Count

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Ms. O’Mera presented the registered voter count, noting that the District currently has 180 registered voters.

TENTH ORDER OR BUSINESS

Consideration of Resolution 2026-03, Setting a Landowner Election Date

Ms. O’Mera presented the Resolution 2026-03 setting the 2026 Landowner Election for November 3, 2026, at 1:00 p.m.

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On a motion by Mr. Roseberg, seconded by Mr. Hartley, with all in favor, the Board adopted Resolution 2026-03 setting the 2026 Landowner Election date, for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 5

ELEVENTH ORDER OR BUSINESS

Consideration Consent Agenda – Ratification of Maintenance Items

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Ms. O’Mera presented maintenance items for discussion and ratification by the Board.

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150

On a motion by Mr. Hartley, seconded by Mr. Dodson, with all in favor, the Board ratified the following expenditures:
by Alys Beach Resorts:
PA #26-02: W1 Streetlights Materials: $5,445.00
PA #26-03: HH3 Streetlights Materials: $5,445.00
by AquaPro Water Systems:
WA #26-01: McGee Well – Pump Adjustment: $2,200.00
WA #26-02: McGee Well Replacement: $7,825.00 by Couch Collective:
WA #26-03: Lake Marilyn – Footbridge Step Lighting: $8,750.00 by Lake Doctors:
WA #26-03: Lake Bladderwort Treatment: $618.00 by McHenry Electric:
WA #26-13: Whalebone Alley Lights: $712.80
WA #26-14: N Charles Elm Tree Lighting: $5,424.00
WA #26-15: Streetlight Install: $2,893.00
WA #26-16: W1 Streetlight Replacement: $2,350.00 by Juniper Landscaping of Florida:
WA #26-11: Irrigation Repair at AC29: $1,204.45
WA #26-12: Irrigation Repair – West Clock: $447.88
WA #26-13: Repair Check – East Butter Clock: $117.04
WA #26-14: Hoover Repair: $550.90
WA #26-15: Wesst Buttery Irrigation Repair: $191.20
WA #26-16: West Sugar Lump Ln Irrigation Repair: $207.80
WA #26-17: AC32 Irrigation Repair: $705.66
WA #26-18: 30A Head Repair: $420.81
for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 6

TWELFTH ORDER OR BUSINESS

Consideration of Resolution 2026-04, Setting a Public Hearing on Revised Rules of Procedure

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154

Ms. Mackie presented an overview

of the proposed revision to the Rules of Procedure and

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revised the updates included in the revised document. She recommended setting the required public hearing for August 6, 2026 at 2:00 p.m.

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THIRTEENTH ORDER OR BUSINESS

Consideration of Arbitrage Services Engagement Proposals

Ms. O’Mera presented proposals for arbitrage Series 2022 Refunding Bonds.

rebate compliance services for the District’s

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FOURTEENTH ORDER OF BUSINESS

Consideration of Work Authorization #26-03 – Sargassum Removal Proposal by Dune Doctors

Ms. O’Mera presented Work Authorization #26-03 for sargassum removal. The Board discussed the proposal and anticipated costs associated with the work.

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On a motion by Mr. Dodson, seconded by Ms. Thomas, with all in favor, the Board approved Work Authorization #26-03 for sargassum removal by Dune Doctors, for Somerset Community Development District.

On a motion by Mr. Hartley, seconded by Ms. Jubuisson, with all in favor, the Board approved the proposal from LLS Tax Solutions for arbitrage rebate compliance services, for Somerset Community Development District.

On a motion by Mr. Rosenberg, seconded by Mr. Dodson, with all in favor, the Board adopted Resolution 2026-04 setting a public hearing on the revised Rules of Procedure for August 6, 2026, at 2:00 p.m., for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 7

FIFTEENTH ORDER OF BUSINESS

Consideration of First Amendment to Salt System Maintenance Services Agreement – AquaPro Water Systems

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Ms. O’Mera presented the First Amendment to the Salt System Maintenance Services Agreement with AquaPro Water Systems.

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SIXTEENTH ORDER OF BUSINESS

Presentation of the Stormwater Initial

Conditions,

Operations

&

Maintenance, and Restoration Report
Mr. Martelli presented the Stormwater Initial Conditions, Operations and Maintenance, and

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Restoration Report, including an overview infrastructure evaluated throughout the District

of approximately twelve miles of stormwater

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SEVENTEENTH ORDER OF BUSINESS

Consideration of Proposed Budget for Fiscal Year 2026-2027
Year 2026-2027 budget. The Board discussed

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Ms. O’Mera presented the proposed Fiscal

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proposed expenditures related to irrigation improvements and plant replacement throughout the District.

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On a motion by Mr. Dodson, seconded by Mr. Hartley, with all in favor, the Board approved Resolution 2026-05 approving the Proposed Fiscal Year 2026-2027 Budget and setting the public hearing thereon, for Somerset Community Development District.

On a motion by Ms. Jubuisson, seconded by Mr. Hartley, with all in favor, the Board approved the First Amendment to the Salt System Maintenance Services Agreement with AquaPro Water Systems, for Somerset Community Development District.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 8

EIGHTEENTH ORDER OF BUSINESS

Staff Reports

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A.

District Counsel
Ms. Mackie had no specific report but invited questions from the Board. There were no questions.

B.

District Engineer
Mr. Martelli discussed potential pedestrian crossing improvements, including the installation of flashing beacons at crosswalks. The Board also discussed striping improvements, and Staff was directed to continue evaluating enhancement options.

Mr. Martelli invited questions from the Board. There were no questions.

C.

Facilities Manager
Mr. Lang reported that substantial irrigation repairs are needed in the west end of the District.

Mr. Lang invited questions from the Board. There were no questions.

D.

District Manager
Ms. O’Mera had no specific report but reminded the Board that the next meeting is scheduled for August 6, 2026 at 2:00 p.m. Ms. O’Mera invited questions from the Board. There were no questions.

NINETEENTH ORDER OF BUSINESS

Supervisor Requests and Audience Comments

There being no audience present, there were no comments.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
June 4, 2026 - Minutes of Meeting
Page 9

FIFTEENTH ORDER OF BUSINESS

Adjournment

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255

 	
Secretary/Assistant Secretary

 	
Chairman/ Vice Chairman

On a motion by Mr. Hartley, seconded by Mr. Rosenberg, with all in favor, the Board adjourned the meeting at 3:34 p.m., for Somerset Community Development District.

Tab 2

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
District Office · Panama City, Florida · (850) 334-9055
Mailing Address · 3434 Colwell Avenue, Suite 200, Tampa Florida 33614 www.somersetcdd.org

Operations and Maintenance Expenditures April 2026
For Board Approval

Attached please find the check register listing the Operation and Maintenance expenditures paid from April 1, 2026 through April 30, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:	$120,000.94

Approval of Expenditures:

	 Chairperson

	Vice Chairperson

	Assistant Secretary

Somerset Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

ALYS Beach Resort LLC

300289

CL00029333

Ped Path Lighting 03/26

$

7,520.86

ALYS Beach Resort LLC

300289

CL00029444

Monthly Facility Management 03/26

$

8,381.00

Aqua Pro Water Systems - FL/GA

300292

133669233

Chemical/Salt Installation 04/26

$

165.00

Aqua Pro Water Systems - FL/GA

300292

133669257

Chemical/Salt Installation 04/26

$

315.00

Aqua Pro Water Systems - FL/GA

300292

133669281

Chemical/Salt Installation 04/26

$

15.00

Aqua Pro Water Systems - FL/GA

300292

133669305

Chemical/Salt Installation 04/26

$

60.00

Aqua Pro Water Systems - FL/GA

300292

133669893

Chemical/Salt Installation 04/26

$

105.00

Aqua Pro Water Systems - FL/GA

300292

133669917

Chemical/Salt Installation 04/26

$

105.00

Aqua Pro Water Systems - FL/GA

300292

133669941

Chemical/Salt Installation 04/26

$

15.00

Aqua Pro Water Systems - FL/GA

300292

133669965

Chemical/Salt Installation 04/26

$

90.00

Aqua Pro Water Systems - FL/GA

300298

134931313

Chemical/Salt Installation 04/26

$

240.00

Aqua Pro Water Systems - FL/GA

300299

134931337

Chemical/Salt Installation 04/26

$

15.00

Aqua Pro Water Systems - FL/GA

300298

134931361

Chemical/Salt Installation 04/26

$

105.00

Aqua Pro Water Systems - FL/GA

300298

134931385

Chemical/Salt Installation 04/26

$

90.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300299

134931919

Chemical/Salt Installation 04/26

$

105.00

Aqua Pro Water Systems - FL/GA

300299

134931943

Chemical/Salt Installation 04/26

$

15.00

Aqua Pro Water Systems - FL/GA

300299

134931967

Chemical/Salt Installation 04/26

$

135.00

Aqua Pro Water Systems - FL/GA

300299

134931991

Chemical/Salt Installation 04/26

$

135.00

Aqua Pro Water Systems - FL/GA

300299

135715835

East Well System Annual Tune-up 04/26
McGee System Annual Tune-up 04/26

$

630.00

Aqua Pro Water Systems - FL/GA

300299

135719043

$

405.00

Aqua Pro Water Systems - FL/GA

300299

135735665

West Well System Annual Tune-up 04/26
Caliza Well System Annual Tune-up
04/26
Chemical/Salt Installation 04/26

$

405.00

Aqua Pro Water Systems - FL/GA

300300

135736176

$

705.00

Aqua Pro Water Systems - FL/GA

300301

135740726

$

480.00

Aqua Pro Water Systems - FL/GA

300301

135740750

Chemical/Salt Installation 04/26

$

240.00

Aqua Pro Water Systems - FL/GA

300301

135740774

Chemical/Salt Installation 04/26

$

120.00

Aqua Pro Water Systems - FL/GA

300301

136700657

Chemical/Salt Installation 04/26

$

105.00

Aqua Pro Water Systems - FL/GA

300301

136700681

Chemical/Salt Installation 04/26

$

615.00

Aqua Pro Water Systems - FL/GA

300301

136700705

Chemical/Salt Installation 04/26

$

285.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300303

136700729

Chemical/Salt Installation 04/26

$

60.00

Aqua Pro Water Systems - FL/GA

300306

137165071

Chemical/Salt Installation 04/26

$

60.00

Aqua Pro Water Systems - FL/GA

300306

137165095

Chemical/Salt Installation 04/26

$

15.00

Aqua Pro Water Systems - FL/GA

300306

137165119

Chemical/Salt Installation 04/26

$

345.00

Couch Collective, LLC

500022

CC 2026-61

Footbridge Step Light 04/26

$

8,750.00

Dune Doctors, LLC

300287

032626-1

Work authorization No. 26-02 Phase 3 - OPTIMIZATION - Plant Installation to 9954 E Cty Hwy 30A 03/26

$

21,296.28

Florida Power & Light Company

20260414-01

21046-33165 040226

$

130.50

Florida Power & Light Company

20260415-01

21080-12465 040226

9396 E COUNTY HIGHWAY 30A 03/26

$

295.81

Florida Power & Light Company

20260420-01

21125-35147 040226

305 Somerset Street 03/26

$

1,651.71

Florida Power & Light Company

20260420-01

21125-35170 040226

121 N. Charles St 03/26

$

300.14

Florida Power & Light Company

20260420-01

21125-35329 040226

97 Nonesuch Way 03/26

$

35.32

Florida Power & Light Company

20260420-01

21125-35378 04022026

31 Hog Penny Aly 03/26

$

33.98

Florida Power & Light Company

20260420-01

21125-35477 040226

101 N Somerset St 03/26

$

35.54

Florida Power & Light Company

20260420-01

21125-35527 040226

69 N Charles St. Inlet 03/26

$

87.49

Florida Power & Light Company

20260420-01

21125-35568 040226

147 W LA Garza Ln 03/26

$

34.16

Somerset Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Florida Power & Light Company

20260414-01

21125-35741 040226

15 Caliza Ln. Misc. Pole 03/26

$

34.39

Florida Power & Light Company

20260420-01

21125-35816 040226

106 N Somerset Street 03/26

$

32.74

Innerlight Engineering Corporation

500024

22300074-000 - 3

Stormwater Report Tasks 04/26

$

29,605.00

Jody Jubuisson

300294

JJ040226

Board of Supervisors Meeting 04/02/2026
Board of Supervisors Meeting
04/02/2026
Irrigation Maintenance & Repair 02/26

$

200.00

John Rosenberg

300295

JR040226

$

200.00

Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC
Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC
Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC
Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC
Juniper Landscaping of Florida, LLC
McHenry Electric, Inc.

300293

383996

$

447.88

300293

383997

Irrigation Maintenance and Repair 02/26
Hoover Repair WO#203568 03/26

$

117.04

300293

387547

$

550.90

300293

388411

Repair to main line along AC29 WA#26-11 03/26
Aeration and Carbon Pro application
WA#26-07 03/26
Turf Paint- 30A Roadside Area WA#26-08 03/2
Remove and replace two existing balast
floats in Lake Marilynn WA#26-09 West Buttery Irrigation Break WA#26-15 04/26
Irrigation Repair at AC 32 04/26

$

1,204.45

300293

389167

$

849.60

300293

389168

$

501.96

300293

389169

$

6,843.51

300307

392855

$

191.20

300307

392856

$

705.66

300288

26897

Furnished and installed (6) tree up-lights., WA #26-11 03/26

$

2,842.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

McHenry Electric, Inc.

300302

26922

Troubleshot circuit for streetlight 04/26

$

712.80

Mills Supply

300304

10847

Monthly Pump Station Maintenance 02/26
Monthly Pump Station Maintenance
04/26
50% Deposit for Well Monitoring System WA# 26-05 04/26 Accounting Services 04/26

$

225.00

Mills Supply

300290

10929

$

225.00

Mills Supply

500023

861-040826

$

9,451.85

Rizzetta & Company, Inc.

300286

INV0000108129

$

9,447.17

Robert E Stenhammer

300296

RS040226

Board of Supervisors Meeting 04/02/2026
Monthly Monitoring/Inspection 04/26

$

200.00

The Lake Doctors, Inc.

300291

360905B

$

55.00

Thomas M Dodson

300297

TD040226

Board of Supervisors Meeting 04/02/2026
Website ADA Compliance 02/26

$

200.00

VGlobal Tech

300305

8164

$	425.00

Report Total

$	120,000.94

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
District Office · Panama City, Florida · (850) 334-9055
Mailing Address · 3434 Colwell Avenue, Suite 200, Tampa Florida 33614 www.somersetcdd.org

Operations and Maintenance Expenditures May 2026
For Board Approval

Attached please find the check register listing the Operation and Maintenance expenditures paid from May 1, 2026 through May 31, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:	$111,747.22

Approval of Expenditures:

	 Chairperson

	Vice Chairperson

	Assistant Secretary

Somerset Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

ALYS Beach Resort LLC

300319

CL00029839A

8852-Replace Stake Light ,8852-Replace Stake Light 04/26
Monthly Facility Management 04/26

$

49.52

ALYS Beach Resort LLC

300314

CL00029947

$

8,381.00

Aqua Pro Water Systems - FL/GA

300308

136702981

Chemical/Salt Installation 04/26

$

60.00

Aqua Pro Water Systems - FL/GA

300308

136703005

Chemical/Salt Installation 04/26

$

90.00

Aqua Pro Water Systems - FL/GA

300308

136703029

Chemical/Salt Installation 04/26

$

225.00

Aqua Pro Water Systems - FL/GA

300308

136703053

Chemical/Salt Installation 04/26

$

285.00

Aqua Pro Water Systems - FL/GA

300308

137165143

Chemical/Salt Installation 04/26

$

375.00

Aqua Pro Water Systems - FL/GA

300317

138429856

0A #MCGEE WELL Repair 04/26

$

2,200.00

Aqua Pro Water Systems - FL/GA

500027

138438645

McGee Well Pump Replacement 04/26

$

7,825.00

Aqua Pro Water Systems - FL/GA

300315

138558078

Chemical/Salt Installation 04/26

$

135.00

Aqua Pro Water Systems - FL/GA

300315

138558102

Chemical/Salt Installation 04/26

$

300.00

Aqua Pro Water Systems - FL/GA

300315

138558126

Chemical/Salt Installation 04/26

$

675.00

Aqua Pro Water Systems - FL/GA

300316

138558150

Chemical/Salt Installation 05/26

$

465.00

Aqua Pro Water Systems - FL/GA

300320

138558471

Chemical/Salt Installation 05/26

$

90.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300320

138558495

Chemical/Salt Installation 05/26

$

300.00

Aqua Pro Water Systems - FL/GA

300320

138558519

Chemical/Salt Installation 05/26

$

255.00

Aqua Pro Water Systems - FL/GA

300320

138558543

Chemical/Salt Installation 05/26

$

285.00

Aqua Pro Water Systems - FL/GA

300320

139319595

Chemical/Salt Installation 05/26

$

111.00

Aqua Pro Water Systems - FL/GA

300320

139319626

Chemical/Salt Installation 05/26

$

287.00

Aqua Pro Water Systems - FL/GA

300320

139319657

Chemical/Salt Installation 05/26

$

159.00

Aqua Pro Water Systems - FL/GA

300320

139321091

Chemical/Salt Installation 05/26

$

159.00

Aqua Pro Water Systems - FL/GA

300320

139321587

Chemical/Salt Installation 05/26

$

79.00

Aqua Pro Water Systems - FL/GA

300320

139321618

Chemical/Salt Installation 05/26

$

271.00

Aqua Pro Water Systems - FL/GA

300320

139321649

Chemical/Salt Installation 05/26

$

111.00

Aqua Pro Water Systems - FL/GA

300320

139321675

Chemical/Salt Installation 05/26

$

63.00

Aqua Pro Water Systems - FL/GA

300320

139994332

Chemical/Salt Installation 05/26

$

111.00

Aqua Pro Water Systems - FL/GA

300320

139994428

Chemical/Salt Installation 05/26

$

127.00

Aqua Pro Water Systems - FL/GA

300320

139994454

Chemical/Salt Installation 05/26

$

383.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300320

139994513

Chemical/Salt Installation 05/26

$

95.00

Florida Power & Light Company

20260518-01

2104633165-050426

9954 E Cty Hwy 30A 04/26

$

167.16

Florida Power & Light Company

20260519-01

2108012465-050426

9396 E COUNTY HIGHWAY 30A 04/26

$

453.26

Florida Power & Light Company

20260520-01

2112535147-050426

305 Somerset Street 04/26

$

2,587.30

Florida Power & Light Company

20260520-01

2112535170-050426

121 N. Charles St 04/26

$

275.92

Florida Power & Light Company

20260520-01

2112535329-050426

97 Nonesuch Way 04/26

$

35.63

Florida Power & Light Company

20260520-01

2112535378-050426

31 Hog Penny Aly 04/26

$

33.98

Florida Power & Light Company

20260520-01

2112535477-050426

101 N Somerset St 04/26

$

35.32

Florida Power & Light Company

20260520-01

2112535527-050426

69 N Charles St. Inlet 04/26

$

90.34

Florida Power & Light Company

20260520-01

2112535568-050426

147 W LA Garza Ln 04/26

$

34.07

Florida Power & Light Company

20260518-01

2112535741-050426

15 Caliza Ln. Misc. Pole 04/26

$

34.54

Florida Power & Light Company

20260520-01

2112535816-050426

106 N Somerset Street 04/26

$

32.80

Grau & Associates, P.A.

300313

29426

Audit FYE 09/30/2025

$

2,000.00

Juniper Landscaping of Florida, LLC

500026

389181

Replace stone throughout 30A Palm plant beds

$

57,648.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC
Juniper Landscaping of Florida, LLC
McHenry Electric, Inc.

300309

393399

Monthly Landscape Maintenance 04/26

$

9,303.00

300309

393475

Irrigation Repair West Sugar Lump Lane WA#26-1 04/26
Repair to Broken Heads along 30A-
WA#26-18
HH-3 Streetlight Installation 04/26

$

207.80

300309

394294

$

420.81

500025

26932

$

2,893.00

McHenry Electric, Inc.

300318

26957

Furnished and Installed 3 Up lights, bulbs 05/26
Monthly Pump Station Maintenance
05/26
Service Work for Pump Station 05/26

$

960.50

Mills Supply

300310

10965

$

225.00

Mills Supply

300321

10989

$

237.10

Rizzetta & Company, Inc.

300312

INV0000109222

Accounting Services 05/26

$

9,447.17

The Lake Doctors, Inc.

300311

2214238

One Time Application 04/26

$

618.00

The Lake Doctors, Inc.

300311

369639B

Monthly Monitoring/Inspection 05/26

$	55.00

Report Total

$	111,747.22

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
District Office · Panama City, Florida · (850) 334-9055
Mailing Address · 3434 Colwell Avenue, Suite 200, Tampa Florida 33614 www.somersetcdd.org

Operations and Maintenance Expenditures June 2026
For Board Approval

Attached please find the check register listing the Operation and Maintenance expenditures paid from June 1, 2026 through June 30, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:	$88,037.21

Approval of Expenditures:

	 Chairperson

	Vice Chairperson

	Assistant Secretary

Somerset Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2026 Through June 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

ALYS Beach Resort LLC

300327

CL00030424

Monthly Facility Management 05/26

$

8,381.00

Aqua Pro Water Systems - FL/GA

300323

139995250

Chemical/Salt Installation 05/26

$

127.00

Aqua Pro Water Systems - FL/GA

300323

139995281

Chemical/Salt Installation 05/26

$

287.00

Aqua Pro Water Systems - FL/GA

300323

139995312

Chemical/Salt Installation 05/26

$

111.00

Aqua Pro Water Systems - FL/GA

300323

139995338

Chemical/Salt Installation 05/26

$

31.00

Aqua Pro Water Systems - FL/GA

300324

140195135

Service Call Caliza Equipment 05/26

$

250.00

Aqua Pro Water Systems - FL/GA

300323

140723195

Chemical/Salt Installation 05/26

$

127.00

Aqua Pro Water Systems - FL/GA

300323

140723226

Chemical/Salt Installation 05/26

$

287.00

Aqua Pro Water Systems - FL/GA

300323

140723257

Chemical/Salt Installation 05/26

$

111.00

Aqua Pro Water Systems - FL/GA

300323

140723283

Chemical/Salt Installation 05/26

$

511.00

Aqua Pro Water Systems - FL/GA

300323

140726452

Chemical/Salt Installation 05/26

$

47.00

Aqua Pro Water Systems - FL/GA

300323

140726483

Chemical/Salt Installation 05/26

$

31.00

Aqua Pro Water Systems - FL/GA

300323

140726514

Chemical/Salt Installation 05/26

$

31.00

Aqua Pro Water Systems - FL/GA

300323

140726540

Chemical/Salt Installation 05/26

$

127.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2026 Through June 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300342

141030710

Chemical/Salt Installation 06/26

$

95.00

Aqua Pro Water Systems - FL/GA

300328

141031743

Chemical/Salt Installation 06/26

$

175.00

Aqua Pro Water Systems - FL/GA

300328

141031774

Chemical/Salt Installation 06/26

$

287.00

Aqua Pro Water Systems - FL/GA

300328

141031805

Chemical/Salt Installation 06/26

$

95.00

Aqua Pro Water Systems - FL/GA

300328

141031831

Chemical/Salt Installation 06/26

$

511.00

Aqua Pro Water Systems - FL/GA

300342

141850498

Chemical/Salt Installation 06/26

$

159.00

Aqua Pro Water Systems - FL/GA

300342

141850564

Chemical/Salt Installation 06/26

$

47.00

Aqua Pro Water Systems - FL/GA

300342

141850696

Chemical/Salt Installation 06/26

$

159.00

Aqua Pro Water Systems - FL/GA

300342

141850727

Chemical/Salt Installation 06/26

$

95.00

Aqua Pro Water Systems - FL/GA

300342

141850869

Chemical/Salt Installation 06/26

$

239.00

Aqua Pro Water Systems - FL/GA

300342

141850900

Chemical/Salt Installation 06/26

$

79.00

Aqua Pro Water Systems - FL/GA

300342

141850926

Chemical/Salt Installation 06/26

$

303.00

Aqua Pro Water Systems - FL/GA

300344

142408885

Chemical/Salt Installation 06/26

$

175.00

Aqua Pro Water Systems - FL/GA

300344

142408916

Chemical/Salt Installation 06/26

$

399.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2026 Through June 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300344

142410355

Chemical/Salt Installation 06/26

$

479.00

Aqua Pro Water Systems - FL/GA

300344

142410449

Chemical/Salt Installation 06/26

$

183.00

Aqua Pro Water Systems - FL/GA

300347

142410976

Chemical/Salt Installation 06/26

$

143.00

Aqua Pro Water Systems - FL/GA

300347

142411007

Chemical/Salt Installation 06/26

$

143.00

Aqua Pro Water Systems - FL/GA

300347

142411038

Chemical/Salt Installation 06/26

$

63.00

Aqua Pro Water Systems - FL/GA

300347

142411064

Chemical/Salt Installation 06/26

$

287.00

Aqua Pro Water Systems - FL/GA

300347

143205433

Chemical/Salt Installation 06/26

$

127.00

Aqua Pro Water Systems - FL/GA

300347

143205649

Chemical/Salt Installation 06/26

$

335.00

Dune Doctors, LLC

300343

061026-1

Deal #39 - WA #26-03 Phase 1 - PRESERVATION - Removal of 9954 E Cty Hwy 30A 05/26

$

9,235.18

Florida Power & Light Company

20260616-01

2104633165-060226

$

182.04

Florida Power & Light Company

20260616-01

2108012465-060226

9396 E COUNTY HIGHWAY 30A 05/26

$

409.31

Florida Power & Light Company

20260618-01

2112535147-060226

305 Somerset Street 05/26

$

2,504.78

Florida Power & Light Company

20260618-01

2112535170-060226

121 N. Charles St 05/26

$

329.11

Florida Power & Light Company

20260618-01

2112535329-060226

97 Nonesuch Way 05/26

$

35.04

Somerset Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2026 Through June 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Florida Power & Light Company

20260618-01

2112535378-060226

31 Hog Penny Aly 05/26

$

33.74

Florida Power & Light Company

20260618-01

2112535477-060226

101 N Somerset St 05/26

$

35.87

Florida Power & Light Company

20260618-01

2112535527-060226

69 N Charles St. Inlet 05/26

$

76.68

Florida Power & Light Company

20260618-01

2112535568-060226

147 W LA Garza Ln 05/26

$

34.16

Florida Power & Light Company

20260616-01

2112535741-060226

15 Caliza Ln. Misc. Pole 05/26

$

33.35

Florida Power & Light Company

20260618-01

2112535816-060226

106 N Somerset Street 05/26

$

32.55

George Hartley

300336

GH060426

Board of Supervisors Meeting 06/04/26

$

200.00

Grau & Associates, P.A.

300329

29696

Audit FYE 09/30/2025

$

2,000.00

Innerlight Engineering Corporation

300325

22300074-000 - 4

30A Permitting & Exhibits 05/26

$

13,165.00

Innerlight Engineering Corporation

300345

22300074-000 - 5

NPDES Inspections 05/08, 05/12, 05/19, 05/22, 05/27 26
Board of Supervisors Meeting 06/04/26

$

3,875.00

Jody Jubuisson

300337

JJ060426

$

200.00

John Rosenberg

300338

JR060426

Board of Supervisors Meeting 06/04/26

$

200.00

Juniper Landscaping of Florida, LLC
Juniper Landscaping of Florida,
LLC

300326

398005

30A Hedge Removal WA#26-10 05/26

$

8,077.75

300346

398156

Monthly Landscape Maintenance 05/26

$

9,303.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
June 1, 2026 Through June 30, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Kutak Rock, LLP

300330

3758546

Legal Services 03/26

$

741.50

McHenry Electric, Inc.

300331

26958

N Charles Elm Tree Lighting Replacement 05/26
Remove and replace (1) owner
furnished streetlight. WA #26-1 05/26 Monthly Pump Station Maintenance 06/26
Accounting Services 06/26

$

5,424.00

McHenry Electric, Inc.

500029

26981

$

2,350.00

Mills Supply

300332

11004

$

225.00

Rizzetta & Company, Inc.

300322

INV0000110010

$

9,447.17

Samantha Thomas

300340

ST060426

Board of Supervisors Meeting 06/04/26

$

200.00

The Lake Doctors, Inc.

300333

378250B

Monthly Monitoring/Inspection 06/26

$

55.00

Thomas M Dodson

300339

TD060426

Board of Supervisors Meeting 06/04/26

$

200.00

U.S. Bank

300334

8195918

Trustee Fees Series 2022 05/01/26 - 04/30/27
Legal Advertising 01/26

$

4,040.63

USA TODAY Media Corp

300341

0007549941 013126

$

178.40

USA TODAY Media Corp

300335

0007734868-053126

Legal Advertising 05/26

$	175.95

Report Total

$	88,037.21

SOMERSET COMMUNITY DEVELOPMENT DISTRICT
District Office · Panama City, Florida · (850) 334-9055
Mailing Address · 3434 Colwell Avenue, Suite 200, Tampa Florida 33614 www.somersetcdd.org

Operations and Maintenance Expenditures July 2026
For Board Approval

Attached please find the check register listing the Operation and Maintenance expenditures paid from July 1, 2026 through July 31, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:	$114,842.68

Approval of Expenditures:

	 Chairperson

	Vice Chairperson

	Assistant Secretary

Somerset Community Development District
Paid Operation & Maintenance Expenditures
July 1, 2026 Through July 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

ALYS Beach Resort LLC

300348

CL00029843

Cleanout storm cap 04/26

$

4,974.42

ALYS Beach Resort LLC

300348

CL00030147

Ped pat lighting repairs 05/26

$

2,003.53

ALYS Beach Resort LLC

300361

CL00030648

8862 LM Fountain Pump Inst 06/26

$

117.61

ALYS Beach Resort LLC

300366

CL00030669

Remove Landscape Debris 06/26

$

98.80

Aqua Pro Water Systems - FL/GA

300356

143205464

Chemical/Salt Installation 06/26

$

143.00

Aqua Pro Water Systems - FL/GA

300356

143205623

Chemical/Salt Installation 06/26

$

63.00

Aqua Pro Water Systems - FL/GA

300354

143207126

Chemical/Salt Installation 06/26

$

127.00

Aqua Pro Water Systems - FL/GA

300354

143207157

Chemical/Salt Installation 06/26

$

191.00

Aqua Pro Water Systems - FL/GA

300354

143207188

Chemical/Salt Installation 06/26

$

111.00

Aqua Pro Water Systems - FL/GA

300354

143207214

Chemical/Salt Installation 06/26

$

271.00

Aqua Pro Water Systems - FL/GA

300356

143618450

Chemical/Salt Installation 07/26

$

127.00

Aqua Pro Water Systems - FL/GA

300356

143618476

Chemical/Salt Installation 07/26

$

527.00

Aqua Pro Water Systems - FL/GA

300356

143620373

Chemical/Salt Installation 07/26

$

143.00

Aqua Pro Water Systems - FL/GA

300356

143620404

Chemical/Salt Installation 07/26

$

287.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
July 1, 2026 Through July 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300356

143846804

East Well Equipment Tune-Up 07/26

$

405.00

Aqua Pro Water Systems - FL/GA

300356

143847999

West Well Equipment Tune-Up 07/26

$

405.00

Aqua Pro Water Systems - FL/GA

300356

143852446

East Well Equipment Tune-Up 07/26

$

695.00

Aqua Pro Water Systems - FL/GA

300367

143859474

Caliza Equipment Tune-Up 07/26

$

405.00

Aqua Pro Water Systems - FL/GA

300356

143868469

Chemical/Salt Installation 07/26

$

415.00

Aqua Pro Water Systems - FL/GA

300356

143868607

Chemical/Salt Installation 07/26

$

223.00

Aqua Pro Water Systems - FL/GA

300356

143868745

Chemical/Salt Installation 07/26

$

87.00

Aqua Pro Water Systems - FL/GA

300356

143868936

Chemical/Salt Installation 07/26

$

287.00

Aqua Pro Water Systems - FL/GA

300362

143869039

Chemical/Salt Installation 07/26

$

191.00

Aqua Pro Water Systems - FL/GA

300362

143869330

Chemical/Salt Installation 07/26

$

127.00

Aqua Pro Water Systems - FL/GA

300362

143869365

Chemical/Salt Installation 07/26

$

303.00

Aqua Pro Water Systems - FL/GA

300362

143869394

Chemical/Salt Installation 07/26

$

175.00

Aqua Pro Water Systems - FL/GA

300364

144836299

Chemical/Salt Installation 07/26

$

191.00

Aqua Pro Water Systems - FL/GA

300364

144837005

Chemical/Salt Installation 07/26

$

303.00

Somerset Community Development District
Paid Operation & Maintenance Expenditures
July 1, 2026 Through July 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Aqua Pro Water Systems - FL/GA

300364

144837064

Chemical/Salt Installation 07/26

$

111.00

Aqua Pro Water Systems - FL/GA

300364

144837090

Chemical/Salt Installation 07/26

$

127.00

Aqua Pro Water Systems - FL/GA

300365

144838279

Chemical/Salt Installation 07/26

$

111.00

Aqua Pro Water Systems - FL/GA

300365

144838310

Chemical/Salt Installation 07/26

$

207.00

Aqua Pro Water Systems - FL/GA

300365

144838341

Chemical/Salt Installation 07/26

$

79.00

Aqua Pro Water Systems - FL/GA

300365

144838367

Chemical/Salt Installation 07/26

$

255.00

Aqua Pro Water Systems - FL/GA

300367

145324529

Chemical/Salt Installation 07/26

$

111.00

Aqua Pro Water Systems - FL/GA

300367

145324560

Chemical/Salt Installation 07/26

$

303.00

Aqua Pro Water Systems - FL/GA

300367

145324658

Chemical/Salt Installation 07/26

$

223.00

Aqua Pro Water Systems - FL/GA

300367

145324689

Chemical/Salt Installation 07/26

$

79.00

Arbor Tree Care

300349

0014705

Tree Pruning 05/26

$

6,500.00

Arbor Tree Care

300349

0014726

30A Palm Systemic PHC injections 06/26
Maintenance Q3: May - June - July
Quarter 05/26
Deal #39 - WA #26-03 Phase 1 - PRESERVATION - Removal of

$

10,400.00

Dune Doctors, LLC

300363

050126-33

$

19,458.18

Dune Doctors, LLC

300350

062626-2

$

14,044.45

Somerset Community Development District
Paid Operation & Maintenance Expenditures
July 1, 2026 Through July 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Dune Doctors, LLC

300363

070326-1

Removal of Sargassum 07/26

$

18,392.90

Florida Power & Light Company

20260714-01

2104633165-070226

9954 E Cty Hwy 30A 06/26

$

234.94

Florida Power & Light Company

20260715-01

2108012465-070226

9396 E COUNTY HIGHWAY 30A 06/26

$

317.99

Florida Power & Light Company

20260720-01

2112535147-070226

305 Somerset Street 06/26

$

2,493.17

Florida Power & Light Company

20260720-01

2112535170-070226

121 N. Charles St 06/26

$

272.13

Florida Power & Light Company

20260720-01

2112535329-070226

97 Nonesuch Way 06/26

$

34.93

Florida Power & Light Company

20260720-01

2112535378-070226

31 Hog Penny Aly 06/26

$

33.69

Florida Power & Light Company

20260720-01

2112535477-070226

101 N Somerset St 06/26

$

34.93

Florida Power & Light Company

20260720-01

2112535527-070226

69 N Charles St. Inlet 06/26

$

67.21

Florida Power & Light Company

20260720-01

2112535568-070226

147 W LA Garza Ln 06/26

$

33.54

Florida Power & Light Company

20260714-01

2112535741-070226

15 Caliza Ln. Misc. Pole 06/26

$

33.29

Florida Power & Light Company

20260720-01

2112535816-070226

106 N Somerset Street 06/26

$

32.55

Innerlight Engineering Corporation

300368

22300074-000 - 6

NPDES Inspections 06/05,06/12,06/19,06/26,07/02
Replace stone throughout 30A Palm
plant beds

$

3,575.00

Juniper Landscaping of Florida, LLC

300351

399664

$

159.50

Somerset Community Development District
Paid Operation & Maintenance Expenditures
July 1, 2026 Through July 31, 2026

Vendor Name	 Check Number

Invoice Number	 Invoice Description	

 Invoice Amount

Juniper Landscaping of Florida, LLC
Kutak Rock, LLP

300355

403713

Monthly Landscape Maintenance 06/26

$

9,303.00

300357

3762069

Legal Services 04/26

$

1,733.00

McHenry Electric, Inc.

300370

27054

N Sea Garden PED path / WA #26-18 07/26
Monthly Pump Station Maintenance
07/26
Accounting Services 07/26

$

233.75

Mills Supply

300358

11037

$

225.00

Rizzetta & Company, Inc.

300353

INV0000110684

$

9,447.17

The Lake Doctors, Inc.

300369

2241409

One Time Application 07/26

$

600.00

The Lake Doctors, Inc.

300359

387039B

Monthly Monitoring 07/26

$

55.00

VGlobal Tech

300352

8247

Website ADA Compliance 03/26

$

425.00

VGlobal Tech

300352

8381

Website ADA Compliance 04/26

$

425.00

VGlobal Tech

300352

8463

Website ADA Compliance 05/26

$

425.00

VGlobal Tech

300352

8551

Website ADA Compliance 06/26

$

425.00

VGlobal Tech

300360

8687

Website ADA Compliance 07/26

$	425.00

Report Total

$	114,842.68

Tab 3

SOMERSET
COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA

TABLE OF CONTENTS

Page
1-2

INDEPENDENT AUDITOR’S REPORT

MANAGEMENT’S DISCUSSION AND ANALYSIS

3-6

BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet – Governmental Funds
Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

7
8

9

10

11

12
13-20

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund
Notes to Required Supplementary Information

21
22

OTHER INFORMATION
Data Elements required by FL. Statute 218.39 (3) (c)

23

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

24-25

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

26

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

27-28

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

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Somerset Community Development District Walton County, Florida

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Somerset Community Development District, Walton County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position thereof for the fiscal year then ended in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:




Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.







We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, 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. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about 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 do 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.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 16, 2026, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 16, 2026

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Somerset Community Development District, Walton County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS



The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($1,798,387).
The change in the District’s total net position in comparison with the prior fiscal year was $687,759, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.
At September 30, 2025, the District’s governmental funds reported combined ending fund balances of
$3,538,302, an increase of $244,229 in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, restricted for debt service, assigned to capital reserves, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.





OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management), and maintenance and operations functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: the governmental funds.

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and debt service fund, both of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,

2025

2024

Current and other assets
Capital assets, net of depreciation Total assets
Current liabilities Long-term liabilities
Total liabilities
Net position
Net investment in capital assets Restricted
Unrestricted
Total net position

$

3,662,540
3,932,530

$

3,410,099
4,076,016

7,595,070

7,486,115

279,263
9,114,194

280,634
9,691,627

9,393,457

9,972,261

(5,181,664)
317,922
3,065,355

(5,615,611)
439,172
2,690,293

$

(1,798,387)

$

(2,486,146)

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2025

2024

Revenues:
Program revenues Charges for services
Operating grants and contributions General revenues
Unrestricted investment earnings Miscellaneous revenue
Total revenues Expenses:
General government Maintenance and operations Interest on long-term debt Total expenses
Change in net position Net position - beginning
Net position - ending

$

2,603,963
27,581

$

2,597,603
34,291

98,538
4,500

67,378
-

2,734,582

2,699,272

263,789
1,399,990
383,044

160,843
1,416,112
405,460

2,046,823

1,982,415

687,759
(2,486,146)

716,857
(3,203,003)

$

(1,798,387)

$

(2,486,146)

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $2,046,823. The costs of the District’s activities were primarily funded by program revenues. Program revenues were comprised primarily of assessments during the current and prior fiscal years. In total, expenses, including depreciation, increased from the prior fiscal year. The majority of the increase was the result of an increase in engineering expenses.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025, was amended to increase appropriations by $40,112.

5

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2025, the District had $11,213,762 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $7,281,232 has been taken, which resulted in a net book value of $3,932,530. More detailed information about the District’s capital assets is presented in the notes to the financial statements.
Capital Debt

At September 30, 2025, the District had $9,085,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes to the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Somerset Community Development District’s Accounting Department at 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614.

6

FINANCIAL STATEMENTS

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

Governmental
	Activities	

ASSETS
Cash Investments
Assessment receivable Prepaid items Restricted assets:
Investments Capital assets:
Depreciable, net Total assets

$

2,440,801
715,680
1,169
32,365

472,525

	3,932,530 
	7,595,070 

LIABILITIES
Accounts payable and accrued expenses Accrued interest payable
Non-current liabilities: Due within one year
Due in more than one year Total liabilities

124,238
155,025

600,000
	8,514,194 
	9,393,457 

NET POSITION
Net investment in capital assets Restricted for debt service Unrestricted
Total net position

(5,181,664)
317,922
	3,065,355 
 $	(1,798,387)

See notes to the financial statements

7

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net (Expense) Revenue and Changes in Net Position

Program Revenues

Charges for Services

Operating Grants and Contributions

Governmental Activities

Functions/Programs Primary government:
Governmental activities: General government Maintenance and operations Interest on long-term debt
Total governmental activities

Expenses

$

263,789
1,399,990
383,044

$

263,789
1,359,435
980,739

$

-
- 27,581

$

- (40,555)
625,276

2,046,823

2,603,963

27,581

584,721

General revenues:
Unrestricted investment earnings Miscellaneous revenue
Total general revenues Change in net position
Net position - beginning
Net position - ending

98,538
	4,500 
	103,038 
687,759
	(2,486,146)
 $	(1,798,387)

See notes to the financial statements

8

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
BALANCE SHEET – GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	
Debt

Total Governmental Funds

General

Service

ASSETS
Cash Investments
Assessment receivable Prepaid items
Total assets

$

2,440,801
715,680
747
32,365

$

- 472,525
422
-

$

2,440,801
1,188,205
1,169
32,365

 $ 3,189,593	$	472,947	$	3,662,540 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities Total liabilities

$

124,238

$

-

$

124,238

124,238

-

124,238

Fund balances: Nonspendable: Prepaid items
Restricted for:
Debt service Assigned to:
Capital reserves Unassigned
Total fund balances

32,365

-

32,365

-

472,947

472,947

2,585,353
447,637

-
-

2,585,353
447,637

3,065,355

472,947

3,538,302

Total liabilities and fund balances

$

3,189,593

$

472,947

$

3,662,540

See notes to the financial statements

9

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those

$

3,538,302

capital assets, net of any accumulated position of the government as a whole.
Cost of capital assets Accumulated depreciation

depreciation,

in

the

net

11,213,762
	(7,281,232)

3,932,530

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All

liabilities, both current and long-term, government-wide financial statements.
Accrued interest payable
Original issue (premium)/discount Bonds payable
Net position of governmental activities

are

reported

in

the

(155,025)
(29,194)
	(9,085,000)	(9,269,219)
 $	(1,798,387)

See notes to the financial statements

10

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds	
Debt

Total Governmental Funds

General

Service

REVENUES
Assessments Interest income
Miscellaneous revenue Total revenues

$

1,623,224
98,538
4,500

$

980,739
27,581
-

$

2,603,963
126,119
4,500

1,726,262

1,008,320

2,734,582

EXPENDITURES
Current:
General government Maintenance and operations
Debt service: Principal Interest
Capital outlay
Total expenditures

263,789
957,780

-
-

263,789
957,780

-
- 298,724

575,000
395,060
-

575,000
395,060
298,724

1,520,293

970,060

2,490,353

Excess (deficiency) of revenues over (under) expenditures

205,969

38,260

244,229

OTHER FINANCING SOURCES (USES)
Transfer in (out)
Total other financing sources (uses)

169,093

(169,093)

-

169,093

(169,093)

-

Net change in fund balances

375,062

(130,833)

244,229

Fund balances - beginning

2,690,293

603,780

3,294,073

Fund balances - ending

$

3,065,355

$

472,947

$

3,538,302

See notes to the financial statements

11

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures, however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.
Depreciation of capital assets is not recognized in the governmental

$

244,229

298,724

575,000

fund financial statements, but statement of activities.
Amortization of the issuance

is reported

as an expense

in

the

(442,210)

premium is

not recognized

in

the

governmental fund financial statements, but is reported as an expense in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.
Change in net position of governmental activities

2,433

	9,583 
 $	687,759 

See notes to the financial statements

12

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Somerset Community Development District (the "District") was established by Walton County Ordinance No. 05-04 enacted on April 1, 2005 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by landowners of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2025, three of the Board members are affiliated with EBSCO Gulf Coast Development, Inc. (“Developer”).

The Board has the responsibility for:

1.
2.
3.
4.
5.
6.

Allocating and levying assessments.

Approving budgets.
Exercising control over facilities and properties. Controlling the use of funds generated by the District. Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

13

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collected within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments imposed on assessable lands located within the District. Assessments may be levied on property to pay for the operations and maintenance of the District. The fiscal year for which annual assessments may be levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

14

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deposits and Investments
The District’s cash on hand and demand deposits are considered to be cash and cash equivalents.

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415
(17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the governmental activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets Erosion control structures Surface water treatment Infrastructure

Years 25
25
10-25

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

16

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

a)

Each year, the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board. All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles. Unused appropriation for annually budgeted funds lapse at the end of the year.

b)
c)
d)
e)
f)

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate Bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2025:

Amortized Cost

Fair Value

Credit Risk

Maturities

First American Treasury Obligations Fund Class Y

Weighted average of the fund portfolio: 48 days
Weighted average of the fund portfolio: 42 days

$

472,525

$

-

S&P AAAm

FL Class
Total Investments

	-	715,680 	S&P AAAm
 $	472,525  $	715,680 

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

17

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:



Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.





The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments in money market funds have been reported at amortized cost above.

NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2025 were as follows:
 Fund	Transfer in	Transfer out 

General Debt service
Total

$

169,093 $

-

	-	169,093 
 $	169,093 $	169,093 

Transfers are used to move funds between District funds as authorized by the Board of Supervisors. During current fiscal year, the District transferred $169,093 from the Debt Service Fund to the General Fund. The transfer was approved by the Board and was made from Revenue Trustee Account funds in accordance with the Bond indenture.

NOTE 6 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2025 was as follows:
Beginning

Ending Balance

Balance

Additions

Disposals

Governmental activities
Capital assets, being depreciated Erosion control structures Surface water treatment Infrastructure
Total capital assets, being depreciated

$

933,321
9,981,717
-

$

-
- 298,724

$

-
-
-

$

933,321
9,981,717
298,724

10,915,038

298,724

-

11,213,762

Less accumulated depreciation for: Erosion control structures Surface water treatment Infrastructure
Total accumulated depreciation

(634,661)
(6,204,361)
-

(37,333)
(399,269)
(5,608)

-
-
-

(671,994)
(6,603,630)
(5,608)

(6,839,022)

(442,210)

-

(7,281,232)

Governmental activities capital assets, net

$

4,076,016

$

(143,486)

$

-

$

3,932,530

Depreciation expense was charged to the maintenance and operations function.

18

NOTE 7 – LONG-TERM LIABILITIES

On April 5, 2022, the District issued $10,745,000 of Capital Improvement Revenue Refunding Bonds, Series 2022 consisting of various Term Bonds due May 1, 2037 with fixed interest rate ranging from 3.00% to 4.20%. The Bonds were issued to refund a portion of the District’s outstanding Capital Improvements Revenue Bonds, Series 2005 (the “Refunded Bonds”) and pay certain costs associated with the issuance of the Bonds. Interest is to be paid semiannually on each May 1 and November 1, commencing November 1, 2022. Principal on the Bonds is to be paid serially commencing May 1, 2023 through May 1, 2037.

The Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2025.

Changes in long-term liability activity for the fiscal year ended September 30, 2025 were as follows:

Beginning Balance

Ending Balance

Due Within One Year

Additions

Reductions

Governmental activities Bonds payable:
Series 2022
Plus: original issue premium Total

$

9,660,000
31,627

$

-
-

$

(575,000)
(2,433)

$

9,085,000
29,194

$

600,000
-

$

9,691,627

$

-

$

(577,433)

$

9,114,194

$

600,000

At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:

Governmental Activities

Year ending, September 30:

Principal

Interest

Total

2026
2027
2028
2029
2030
2031-2035
2036-2037
Total

$

600,000
625,000
650,000
675,000
705,000
3,985,000
1,845,000

$

372,060
348,060
323,060
297,060
270,060
898,680
116,970

$

972,060
973,060
973,060
972,060
975,060
4,883,680
1,961,970

$

9,085,000

$

2,625,950

$

11,710,950

NOTE 8 – DEVELOPER TRANSACTIONS

The Developer owns a portion of the land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.

NOTE 9 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 10 – COST SHARE AGREEMENT

The District entered into a cost share agreement with the ALYS Beach Neighborhood Association (“Association”), whereby the Association would contract a vendor for landscaping and related services and be reimbursed by the District. Pursuant to the agreement, the District reimbursed the Association $176,337 for current year services.

19

NOTE 11 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management services, which include financial and accounting services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 12 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

20

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Variance with Final Budget - Positive (Negative)

	Budgeted Amounts	

Actual Amounts

Original

Final

REVENUES
Assessments Interest Income
Miscellaneous revenue Total revenues

$

1,595,252
-
-

$ 1,595,252
-
-

$

1,623,224
98,538
4,500

$

27,972
98,538
4,500

1,595,252

1,595,252

1,726,262

131,010

EXPENDITURES
Current:
General government Maintenance and operations Capital outlay
Total expenditures

157,140
1,438,112
-

212,421
1,422,943
-

263,789
957,780
298,724

(51,368)
465,163
(298,724)

1,595,252

1,635,364

1,520,293

115,071

Excess (deficiency) of revenues over (under) expenditures

-

(40,112)

205,969

246,081

OTHER FINANCING SOURCES
Carry forward of surplus Transfer in
Total other financing sources

-
-

40,112
-

- 169,093

(40,112)
169,093

-

40,112

169,093

128,981

Net change in fund balances

 $	-	$	-	

375,062

 $	375,062 

Fund balance - beginning

	2,690,293 

Fund balance - ending

 $	3,065,355 

See notes to required supplementary information

21

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025, was amended to increase appropriations by $40,112.

22

SOMERSET COMMUNITY DEVELOPMENT DISTRICT WALTON COUNTY, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED

Element

Comments

23

Number of District employees compensated in the last pay period of the District’s fiscal year being reported.

0

Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.

2

Employee compensation

$0

Independent contractor compensation

$230,076

Construction projects to begin on or after October 1; ($65K)

Not applicable

Budget variance report

See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund

Non ad valorem special assessments;

Special assessment rate

Operations and maintenance: $1,522.95 - $2,030.60

Debt service: $939.33 - $1,252.44

Special assessments collected

$2,603,963

Outstanding Bonds:

Series 2022

$9,085,000

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

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Somerset Community Development District Walton County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Somerset Community Development District, Walton County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 16, 2026.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

24

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 16, 2026

25

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

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Somerset Community Development District Walton County, Florida

We have examined Somerset Community Development District, Walton County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Somerset Community Development District, Walton County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 16, 2026

26

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

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Somerset Community Development District Walton County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Somerset Community Development District, Walton County, Florida ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated June 16, 2026.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 16, 2026, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General of the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

I.
II. III.

Current year findings and recommendations. Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Somerset Community Development District, Walton County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Somerset Community Development District, Walton County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 16, 2026

27

REPORT TO MANAGEMENT

I.

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

II.

PRIOR YEAR FINDINGS AND RECOMMENDATIONS
None

III.

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

1.

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.

2.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025.

3.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met any of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

4.

5.

6.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2025. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

7.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 23.

28

Tab 4

CONSENT AGENDA – RATIFICATION OF MAINTENANCE ITEMS

AquaPro Water Systems
WA #26-03: Caliza Well Repair	$1,070.00
Arbor Tree Care
WA #26-01: 30A Palm Pruning	$500.00

C.

Couch Collective
WA #26-04: Step Light Replacement	$1,980.00
WA #26-05: Lake Marilyn - Step Light Refeed	$3,280.00
Dune Doctors
WA #26-03: Sargassum Removal	$23,279.63
WA #26-04: Second Sargassum Removal	$23,279.63
Lake Doctors
WA #26-04: Bladderwort & Torpedo Grass Removal	$600.00
McHenry Electric
WA #26-18: N Sea Garden Ped Path Lights	$233.75
Mills Supply
WA #26-06: Pump Station VFD Replacement	$7,148.00
Juniper Landscaping of Florida

D.

E.

F.

G.

H.

1.
2.
3.
4.

WA #26-20: 30A Irrigation Repair	$7,028.55
WA #26-21: 30A Podocarpus Replacement	$1,128.75
WA #26-22: 30A Sod Repair	$3,948.95
WA #26-23: 30A Medjool Replacement	$16,131.93

Total: $89,609.19

AquaPro

WORK AUTHORIZATION #26-03
July 28, 2026

Somerset Community Development District 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject: Work Authorization Number 26-03 (“Work Authorization”) Somerset Community Development District

Dear Board of Supervisors:

Jottis, LLC, d/b/a Aqua Pro Water Systems (“Contractor”) is pleased to submit this work authorization to provide salt system maintenance services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement Between the Somerset Community Development District and Aqua Pro Water Systems for Salt System Maintenance Services dated February 7, 2025 (“Agreement”) as follows:

I.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in Attachment A,

attached hereto. Attachment A shall not be incorporated herein, except that Attachment A is applicable to the extent that it states the Work’s scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the terms of

the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding between the District and Contractor with regard to the referenced Work Authorization.  If you wish to accept this Work

Authorization, please sign below where indicated, and return one complete copy to our office. promptly schedule the approved services.

Upon receipt, we will

Sincerely,

Authorized Representative of Aqua Pro Water Systems

APPROVED AND ACCEPTED

By: 		 Chair/Vice-Chair, Board of Supervisors Somerset Community Development District

Date: 	

1

Attachment A

2

3

Arbor Tree Care

WORK AUTHORIZATION #26-01

July 31, 2026

Somerset Community Development District 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject: Work Authorization #26-01 (“Work Authorization”) Somerset Community Development District

Dear Board of Supervisors:

Arbor Tree Care, LLC (“Contractor”) is pleased to submit this work authorization to provide palm tree maintenance services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement Between the Somerset Community Development District and Arbor Tree Care, LLC, for Palm Tree Maintenance Services dated April 23, 2024 (“Agreement”) as follows:

I.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in Attachment A,

attached hereto. Attachment A shall not be incorporated herein, except that Attachment A is applicable to the extent that it states the Work’s scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the terms of

the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding between the District and Contractor with regard to the referenced Work Authorization.  If you wish to accept this Work

Authorization, please sign below where indicated, and return one complete copy to our office. promptly schedule the approved services.

Upon receipt, we will

Sincerely,

Authorized Representative of Arbor Tree Care, LLC

APPROVED AND ACCEPTED

By:

Chair/Vice-Chair, Board of Supervisors Somerset Community Development District

Date: 	

1

ATTACHMENT A

2

Couch Collective

WORK AUTHORIZATION #26-04
June 8, 2026

Somerset Community Development District
3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject:

Work Authorization Number 26-04 (“Work Authorization”)
Somerset Community Development District

Dear Board of Supervisors:

Couch Collective, LLC (“Contractor”) is pleased to submit this work authorization to provide paver
repair, installation and/or replacement services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement for Paver Repair, Installation and Replacement Services dated April 3, 2025 (“Agreement”) as follows:

1.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in

Attachment A, attached hereto. Attachment A shall not be incorporated herein, except that Attachment
A is applicable to the extent that it states the Work's scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the

terms of the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding
between the District and Contractor with regard to the referenced Work Authorization. If you wish to accept this Work Authorization, please sign below where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule the approved services.

Sincerely,

Authorized Representative of
Couch Collective, LLC

4898-0191-9034.1

1

APPROVED AND ACCEPTED

By:

Chair/Vice-Chair, Board of Supervisors Somerset Community Development District
08/06/2026

Date:

2

4898-0191-9034.1

Attachment A

ESTIMATE
Couch Collective LLC
PO Box 4753
Saritu Rosa Bed, FL S2*S9-4733

mason0oso3eciive.Ie
•1 I678) 786-9304

Bill IO
Sornwset Comuxinity De/eloprrerit District

Sornwset ComrrxJnity Developrrwt EXstrict

T

FI 32g14

T

FI 33614

Estimate deta!ts
Estimate no.: 1112 Estimate data 06/08/2026

Flate

Amount

Desoñption

1.

Step Light Rrpair

- remove snd rep Lsce (3) step Fights

Sx ,s80.oo

NI.980.00

" Bronze to Match ones est installed at Foot Bridge.

S1,980.00

TOt0l

Accepted dote

Accepted by

3

4898-0191-9034.1

WORK AUTHORIZATION #26-05
July 8, 2026

Somerset Community Development District
3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject:

Work Authorization Number 26-05 (“Work Authorization”) Somerset Community Development District

Dear Board of Supervisors:

Couch Collective, LLC (“Contractor”) is pleased to submit this work authorization to provide paver
repair, installation and/or replacement services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement for Paver Repair, Installation and Replacement Services dated April 3, 2025 (”Agreement”) as follows:

1.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in

Attachment A, attached hereto. Attachment A shall not be incorporated herein, except that Attachment
A is applicable to the extent that it states the Work's scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the

terms of the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding
between the District and Contractor with regard to the referenced Work Authorization. If you wish to accept this Work Authorization, please sign below where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule the approved services.

Sincerely,

Mason C

Authorized Representative of
Couch Collective, LLC

4898-0191-9034.1

1

APPROVED AND ACCEPTED

By:

Chair/Vice-Chair, Board of Supervisors Somerset Community Development District
09/07/2026

Date:

2

4898-0191-9034.1

Attachment A

ESTIMAT E
Coueh Collacttva LLC

+Tf6C8}T36-930#

Sta 9osa Beach, I-L 3t aS9-d 733

Somerset Community Development District
Tampa, FI 33514

Somerset Community Development District
Tampa, FI 3361 4

Estimate detalls Mtiivate no.: 1119
Estimate date: 07/08/2026

^

Product or service

Rake

Amount

Oty

1-

Step Light Issue -

Refeed Step Lqhts from nearest Power
SourCe / Transformer
WEB have to remove. and reins toll lighting as weg

53,280.00

B3,280.00

$3,280.00

Total

A ceeptad by

3

4898-0191-9034.1

Dune Doctors

DUNE MAINTENANCE SERVICES WORK AUTHORIZATION NO. 26-03

THIS WORK AUTHORIZATION (“Work Authorization”) is presented according to the requirements of that certain Agreement between the Somerset Community Development District and Dune Doctors, LLC, for Dune Maintenance Services, dated October 1, 2025 (“Agreement”), and is made and entered into this 4‘ day of June 2026, by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida, with a mailing address of 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (the “District”); and

DUNE DOCTORS, LLC, a Florida limited liability company, whose address is 1501 North 9th Avenue, Pensacola, Florida 32503 (the “Contractor”).

SECTION 1. SCOPE OF SERVICES. Contractor shall provide the services set forth on the proposal attached hereto as Exhibit A (“Services”) in accordance with the terms of the Agreement. Exhibit A shall not be incorporated herein, except that Exhibit A is applicable to the extent that it states the Work's scope of services for the labor and materials to be provided under this Agreement and the compensation for the Work. The Agreement and this Work Authorization shall be controlling over any conflict between either document and the provisions of Exhibit A.

SECTION 2. COMPENSATION. Payment of compensation for the Services under this Work Authorization shall be based upon the Agreement and as set forth in Exhibit A.

SECTION 3. ACCEPTANCE. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as specified in Exhibit A and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall perform the Services in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

(SIGNATURES APPEAR ON FOLLOWING PAGE)

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

Attest:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

dy Jubuisson

6, 2026 15:36:11 EDT)

Assistant Secretary/Secretary
Kim O'Mera

By:	Jody Jubuisson	 Its: Chairman, Board of Supervisors

Print Name

DOCTORS, LLC

ence

2026 10: 01: 09 CDT)

Fre derl que Beroset (Jun 5 . 2026 14 08.4 7 CDT)
By; Frederique Beroset	

"

Witness

Its:   Member	

Attachment A:

Proposal

Exhibit A

DUNE DOCTORS
Coastal Restorati on Ex perts

Frederique Beroset
MBA & MS BIOLOGY. CEO

t5Ol North 9tlJ A venue, Bensaco1a, FL 3?503 • PiJone: 656 386 3737 • Fax. 850-549 393o  Dulle Doctors.cor

Attention:

Somerset Community Development District

Via email:

SThomas6aIysbeach.com

Re:

LETTER OF AGREEMENT FOR ALYS BEACH FLWAL_CALYSBEACH_L03902_06032026

Project
Address:

9581 E Co Hwy 30A- Alys Beach, FL 32461

Date:

June 3, 2026

I am pleased to submit for your review and signature the following Letter of Agreement for your oroject.

By signing this agreement, you are confirming tnat you are legally authorized to enter into a contract witn Dune Doctors. LLC; furthermore, you confirm your authorization to sign financial obligations and to negotiate terms of tnis contract.

(Space left blank intentionally)

Page 1 of 4

FLWAL CALYSBEACH LO39O2 O6O32O26

Pa¿e2of4

Total Project Cost: $23,279.63

SCOPE
Pt1ASE 1	$23,279.63

CLEANUP ONLY

Retainer fcr the extraction and disposal of Sargassrxc seaweed (34,500 sq. ft.) across the width of Alys Beach. The estimated project cost may increase depending on additional Sargassum deposition. If a credit remains, it shall be applied to the next collection of Sargassum.

$19,909.71

DEBRIS DISPOSAL

Fee for the disDosal of debris and trash.
*Estimate contingent on the total debris to be removed from the project site. Rental of dumpster(s) may be needed.

*$2,845.30

SUBJECT MATTER
EXPERT

Consulting, planning and permitting services.
**Some projects may require additional costs.

““$524.62

PRESERVATION
Designed to Improve Vitality

COS'T

DELIVERABLE

Total Cost of Your Project: $23,279.63
Please sign and return this document as soon as possible: as no project activity, including reservation of plants, may progress without a signed Letter of Agreement and the required down payment.
Dune Doctors, LLC is honored to be entrusted to complete your coastal erosion control project. Should you have Questions or needs please feel free to contact us at (850) 939-7737; we will be more than happy to discuss your Project. At Dune Doctors, we look forward to exceeding your expectations and adaing you to our growing list of satisfied customers.
Dune Doctors, LLC

Frederique Beroset
Owner, MBA & MS Biology

DATE: June 3, 2026

SIGNATURE:

CAM/Owner

DATE: 	

PRINT NAME HERE: 	

Page 3 of 4

F  LWAL_CALYSBEACH_LO39O2_06032026

TERMS

Down Payment: Due Upon Signature

$6,983.63

Due upon Completion of Phase Preservation:

$16,296.00

Return this signed Lettar of Agreemant to:
Frederique@DuneDoctors.com

Required to schedule project

Make Checks Payable to:
Dune Doctors LLC 1501 North 9th Avenue Pensacola, Florida 32503

Required to commence protect

CONDITIONS

1. Dune Doctors, LLC guarantees that over 90% of our plants will be thriving at 90
days. Any Irrigation administered to our plants outside of the instruction provided by Dune Doctors, LLC will automatically void the guarantee. Irrigation stunts tne development of the plants' roots and accelerates erosion.

2. Dune Doctors, LLC does NOT warranty damage or destruction of work due to Act
of God or negligence outside of our control (examples include watering, foot traffic, storm damage and maintenance not performed by Dune Doctors, LLC, etc.)

3. All proposals are valid for 90 days.

4. Dune Doctors' work does not guarantee tne elimination of all storm-related
damage, but endeavors to be a natural insurance policy to mitigate storm-impact to your property and potential special assessment costs.

5

Dune Doctors only installs hign-quality plants. Depending on wnen you sign our contract, if we are replenisning our stock of plants, it may take up to 90 days for
tne developing plants to be ready for installation, potentially delaying the start of tne project.

FLWAL CALYSBEACH

LO39O2 06032026

Page 4 of 4

DUNE MAINTENANCE SERVICES WORK AUTHORIZATION NO. 26-04

THIS WORK AUTHORIZATION (“Work Authorization”) is presented according to the requirements of that certain Agreement between the Somerset Community Development District and Dune Doctors, LLC, for Dune Maintenance Services, dated October 1, 2025 (“Agreement”), and is made and entered into this 26‘ day of June 2026, by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida, with a mailing address of 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (the “District”); and

DUNE DOCTORS, LLC, a Florida limited liability company, whose address is 1501 North 9th Avenue, Pensacola, Florida 32503 (the “Contractor”).

SECTION 1. SCOPE OF SERVICES. Contractor shall provide the services set forth on the proposal attached hereto as Exhibit A (“Services”) in accordance with the terms of the Agreement. Exhibit A shall not be incorporated herein, except that Exhibit A is applicable to the extent that it states the Work's scope of services for the labor and materials to be provided under this Agreement and the compensation for the Work. The Agreement and this Work Authorization shall be controlling over any conflict between either document and the provisions of Exhibit A.

SECTION 2. COMPENSATION. Payment of compensation for the Services under this Work Authorization shall be based upon the Agreement and as set forth in Exhibit A.

SECTION 3. ACCEPTANCE. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as specified in Exhibit A and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall perform the Services in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

(SIGNATURES APPEAR ON FOLLOWING PAGE)

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

Attest:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

26 2026

GDT)

Assistant Secretary/Secretary
Kim O'Mera

By:  Jodv Jubuisson	
Its: Chairman, Board of Supervisors

Print Name

ACTORS, LLC
 FrederqueBerose(Jun26,20262233.06GMT+2)	

jun 26 202646.0043GDT)

Witness

By:

rederiaue Beroset

Its:  Member	

Attachment A:

Proposal

Exhibit A

DUNE DOCTORS

Frederique Beroset
h1U A 6 MS BIOI.OG Y. CDO

Attention:

Somerset Community Development Distrlct

Via email:

sthomas@alysbeach.com

Re:

LETTER OF AGREEMENT FOR ALYS BEACH FLWAL_CALYSBEACH_L04101_06262026

Protect
Address:
Date:

9581 E Co Hwy 30A - Alys Beach. FL 32461

JuneZ6.2026

I and pleases to submit for your r=.view gng 5ign8ture the following L+tt*r of Agreement
for your pro ect

By signing this agi*sment. you are confirming that you are legally aritnorizoa to ant+r
into a contract witn Dune Doctors. LLC, furIhe•more. you confirm your authOf Izatlon
to sign financial obligations and to negot*te turnas of this contract

P2 0 1 of 4

Total Project Cost: $23.279.63

DELIVERABLE	SCOPE	COST
PHASE 1	PRESERVATION	$23.279.63
Deslgned io Improve Vltallty

CLEAKUP ONLY

R+tamar for that cxt•action and cissosal of Sa gassum seaweed (34.500 sq. ft.) across time width of Alys Beach. The estimated proj•.ct cost lazy Incl .•ase dep=.nding on additional Sargassum deposition. It a creCit remains. i* snalI be applied to tne next collection of Sargassun

SI9.905.71

DEBRIS DISPOSAL

F++ for !ne d sposai of ceor s and trash.
“Estimate contingent on the total debris to be remov?d
front the project site. Rental of duaoster(s) may bè n0+dPci.

“S2.845.30

SUBJECT MATTER EXPERT

Consuit»g. planning *nd perm thing s rvic.=s
'“Some oro ects may requireaaditional costs

°*$524.G2

Total Cost of Your Project: $23,279.63
Please sign and return this document as soon as possible; as no project activity, including reservation of plants, may progress without a signed Letter of Agreement and the required down payment.
Dune Doctors. LLC is honored to be entrusted tocomplete your coastal erosion control project. Should you have questions or needs please feel free to contact us at (850) 939-7737: we will be more than happy to discuss your project. At Dune Doctors. we look forward to exceeding your expectations and adding you to our growing list of satisfied customers.
Dune Doctors. LLC

Frederique Beroset Owner, MBA & MS Biology

DATE: June 26.2026

SIGNATURE:		
CAM/CXvner

DATE: 	

PRINT NAME HERE: 	

FLWAL_CALYSBEACH_L04101_06262026

Page 3 Of 4

Oown Payment: Due Upon Signature

56.983.63

Due upon Completion of Phase Preservation:

816.296.00

Return tnis slgneo Letter of agreement to:
FrederiqueODuneDoctors.com

Required to schedule project

Make chects r'ayabie to:
Dune Doctors LLC ISOI North 9th Avenue Pensacola, Florida 32503

Required to commence project

CONDITIONS

DunE Doctor's. LLC

guarantees that over 900/oof cur olants well be tnriving at ^0

Oays. Any Irrigation administered Io our Dlants outsicie of the instruction oi ovided
by Drln9 Doctors. LLC well automatically void tnr gua•antao. Irrigation stunts the ctevelops.ent of tIa•. olants' roots and accelerates erosion

2

Dune Doctors. LLC cols NOT warranty damage or destruction cf stork due to Act
of God or negligence outside of our control (examples include wat riny, foot traffic

stoFm damage add

aMte8tanc e not p?tjoimed by Duke Doctors. LLC, etc.)

3
4

Ali Proposals are valid for 90 oays

Dune Doctors' WO! k coes not guai antee:h+ elimination of all stof a- relates

to your property and ootential special assessment costs

s

Dune Doctors only installs ) !@h-QU6Iity plants. Depencing on wne' you sign oui
contract. if we are replenishing out stock of plants. it nity take up to 90 days for the developing plants to be i eacy ror installation. potentially delaying the start of the urojac:

The Lake Doctors

WORK AUTHORIZATION #26-04

July 14, 2026

Somerset Community Development District 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject: Work Authorization Number 26-04 (“Work Authorization”) Somerset Community Development District

Dear Board of Supervisors:

The Lake Doctors, Inc. (“Contractor”) is pleased to submit this work authorization to provide additional aquatic maintenance and repair services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement Between the Somerset Community Development District and The Lake Doctors, Inc., for Pond Inspection and Monitoring Services, as amended (“Agreement”) as follows:

I.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in Attachment A,

attached hereto. Attachment A shall not be incorporated herein, except that Attachment A is applicable to the extent that it states the Work's scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the terms of

the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding between the District and Contractor with regard to the referenced Work Authorization. If you wish to accept this Work

Authorization, please sign below where indicated, and return one complete copy to our office. promptly schedule the approved services.

Upon receipt, we will

Sincerely,
 Tatto hl'bsor	
Pasco Gibson	14, 2026 14:48:21 CDT)

Authorized Representative of The Lake Doctors, Inc.

APPROVED AND ACCEPTED
bu4»xam
By: 	on (Jul	2026 15:31:18 CDT)	

Chair/Vice-Chair, Board of Supervisors Somerset Community Development District

14/07/2026

Date:

1

ATTACHMENT A

Water Management Agreement

cusz‹æc

T/œ	

2

TERMS AND CONDITIONS

1)

The Underwater and Floating Veget,ation Control Program will be conducted in a m anner consistent with good water m anagement practice using the following
methods and techniques when applicable. a)

Periodic treatm ents to m aintain control of noxious subm ersed floating and eme	d

etation and algae. Customer understands that some

beneficisl ve getstion may be required in a body of wster to maintain

sy4em.

as deemed necessary Ø ensurelhat oxygen level

b)
c)

Determination of dissolved	levels

flow safe treatment.

 
Additional roubne water analysis and/or

analysis may be performed if nequred fc* success ofthe water management

treatment of only one-half or less of the entire body oT water aț any one tìme to ensure safety to fish and °ther aquat!c Iife. However,

Where

the Company shall not be Iiable forloss of any exotic or non-native fish or vegetation. Custom er must also notify the Company in writing if any exotic fish exist in lake or pond prior to treatm ent.
Customer understands and agrees that for the best e1tectiveness and environmental safety, materials used by the Company may be used at rates equal

d)
e)

to or lower than m axim um label recomm endations.
Triploid grass carp stocking, if included, will be performed at stocking rates determined the Florida Fish and \ñ/ìIdIife Conservation Commission permit quidelines.
Custom er agrees to provide adequate access. Failure to provide adequate access may require re-negotiation or termination of this Agreem ent. Control of som e weeds may take 30-90 days depending upon species, materials used and environmental factors.
When deem ed necessary by the Company and approved by Custom er, the planting and/or nurturing of certain varieties of plants, which for vanous reasons, help to m aintain ecological balance.

2)

Under the Shoreline Grass and Brush Control Program the Company will treat border vegetation to the water's edge including, but not limited to torgedograss, cattails, and other em erqent vegetation such as wood y brush and 6roadleaf weeds. II any of species take several months or longer to fully decompose. Custom er is responsible7or any desired physical cutting and removal.
Custom er agrees to inform the Company in writing if any lake or pond areas have been or are scheduled țo be mitigated (planted with required or beneficial aquatic vegetation). the Gcrnpany assumes øo  onsfbility for damage to aguatir plants if Customer łails to provide such infc+matiori  t e! manner.

3)

Emergent weed œn\roi may not be performed	mitigated areas, new œ existing, unless speófically stated by separate contract or

of this

Agreement. Oud omer also agrees to notify the ûrxnporïy, in writing, J any cwditions which may affect The scope cif w+xk and 'ud omer acțrees to pay any

resultant higher direct costs incurred.

4)

If serv,ices specify trash/debris rem oval, the Company will perform the +°!!°wing: removal of casual tras,h such as cups, plastic bags and other m an-made

materials up to a 5 gallon bucket but only during regularly scheduled service visits. Large or dangerous items such as biohazards and landscape debris will not be included.
Custom er agrees to reimburse the Company for all processing fees for registering with third party companies for compliance m onitoring services and/or invoicing poîtal fees. Fees will be reimbursed via an additional invoice per the Company's discretion.

5)

If at any tim e during the term of this Agreement, Customer reasonably be!ieves the Company is ngt performing in a

m anner 0 I ì R accordance with

6)

the terms ofthis Agreem ent, Custom er shall üive the Company written notice stating with particularity the reasons for

dissati sÏaction. The Company

shall

and ahempt țo address Customer's cc+icems. if, after TO days Fom the ğivinjj,of the oñginal notice, Cudc+n er cantinues to reasonably believe

the Cc+n pany s performance is unsatisfactory, CvstŒn er may terrninate this Agreement 6y giving wriüen notiœ ( Secoud Ndiœ") to the Company and paying

all mon‹w owtng to the effeetwe date of teJwi matron, which shall be the last day of the monfh in wfitck the Seeond Notice iø reeøiwëd by the Company. Cuotomer
may not terminate this Agreement before the end of the term except for cause in accordance with this paragraph.
If Custom er disc,ont|nues or terninates service under this Agreem ent except for cause in accordance with paragraph 6, Company shall be entitled to collect as an early termination fee, and not as a penalty, an amount equal to, the lesser of, three (3) times the monthly service fee, or the number of months rem aining d tend m multiplied by the monthly service fee. The Company may declare the termination fee owed in a single paym ent due within ten (10) days of written
€'

7)

8)

Federal and State requlation s re ìre that various water time-use restrictions be observed dur'  and followinq some treatm ents. Th	I n will n t”f

Custom er of such restrictions. It is Cudomer's re	b'lit y to observe the restrictions thro hout the required period. Customer understand s and

that, notwithstandin	th	rovision of the Ag such regulations or

the Company does not assum e	liability for failure by any party to be notified of, or to

9)

Th

shall m aintain the

insurance coverage and lim

Workm an's Com

tion with statutory

obile L b”I”t

coepreheÜnÜe General Liability, !ncIudtng Pollution Liability, T°roperty

Compl eI d

and Product Li ability.

OÍ

be provided upon request. A Certificate of Insurance naming Customer as “Aüditional In sered’’e y be provided at Custom eds request. Customer agrees to

pay for any additional costs of insurance requirements over and above the standard insurance provided by the Company.
Țhe Company agrees to indem nify, defend and hold harmless Custom er from and against any and all liability for any loss, injury or dam age, including, without Iimitation, all costs expenses, court costs and reasonable attorneys' fees, imposed on Customer by any person caused by or that results from fhe gross negligence or willful miscondud of the Company, its employees or agents. Gustorner hereöy agrees to indemnify, defend and hold the Company ham less from

10)

d II	for	Io

d mage, includin	Shout Iim#ation, all costs. expenses. court costs and reasonable

the Compan  by	person

Customer's premises.	I fee any such loss, injury cr damage

by or results solely from e gross negligence or willful misconduct of the Company its employees or

11)

JN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, SPECJAL OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO
LOST PROFITS, SAVINGS OR REVENU E. EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Customer agrees that the Company s liability

under this Aoreemerit shall be limped to	limes the m ön!hI	which amount shall be CusØmer”s maximum rem d

I th le  I Shear

g a dl s al

to det erminefihat the Tom pany is liabl e for the

vWthou(flmCaüon,negligenoebreaohdoontaot beea

y aed

12)

Neither

shall be res°onsibIe for dam a

or otherwise fo

f ilure 0 I dela in perform ance of a

obIi•ations hereunder caused b

aœiderrt

strìkes,

orclers and

curtailment'or Ñilure

or dher

cure

condition (whether or not of the same

kind as those set forth aboveT beyond its reasonable contrd and which , by the aeoise of due di eence, it is

unable to oxcrcc+n e. Should the Ccrripanv be prohibited, restrided or otherwiœ prevented or imoa‹red free rendenno sgeclfied sexces by any

the Company shall notify Cuștomer of said cęnditipn and of the excess direcț costs arising therefrom . Custom er shal have thirty (30) days after receipt oÎ

notice to notiTy the Company in writing of any inability to comply with excess direct costs as requested by the Company.

13)

Customer warrants that it is 'authorized

th

owner If

erit't th

ułi  th’

behalf

on

behalf of Gust¢mer represerźs that

and

standing,

of the jurisdictiori bits organization and

that execution , delivery, and perfcirr ancG oithi+ Ag\Memè'nt has been duly authorized by all appropriate corgorate action

14)

The Comjaany covenants to perform and complete the services hereunder in a timely competent and workm anlike manner and in accordance with the specifìcations and requirem ents set forth in this Agreem ent. TH E COM PANY HEREBY EXPR ESSLY DISCLAIMS, AND CU STOM ER HEREBY WAIVES RELEASES AND RENOUNCES, ALL OTHER WARRANTIES AND CLAIMS EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE, WITH RESPECT’ TO SERVICES OR PRODUCTS PROVIDED BY THE COMPANY.
Custom er understands that, for convenience the annual cost of service is spread over a țwelve-month period and that individual m onthly billings do not reflect the 11uctuatinq seasonal costs of service.  Company permits Customer to temporarily put its account activity on hold, an additional start-up charge may be required ¢Fue to aquatic re-growth.
The Company agrees to hold Customer harmless from any loss, dam age or claims arising out of the sole negligence of the Company. However, the Company shall in no evenFbe Iiable to Custom er or others for indirect, special or consequential dam ages resulting from any cause whatsoever.

15)

16)

17)

Shc<Id Customer beccni e delinquent. the Company may plaœ the account ¢+i hdd fcr non-payrn œt and Customer will continue to be responsible for the continuing monthly amount even if the account is placed on hold. The Comgan y may, at its sole discretion. chœœ țo suspend sœvices and charge the Custom er 25% of fhe m+nthIy equivalent invoice am+unt for three (3) consecutive m on\fis, herein referred t+ as the Credit Hold

unùlCusomerpays

all invoices due, whichever comes earlier. Regular Service may be reinstated once the entire past due balance has been received in kÚÍ . Should the Customer remain deli

at the end of the Credit HoFd Period, Go	hall be entitled to b	t on for collection of monies due and Ovyl	nder this Aoreement.

Gustorner	to psy ccf'ectiü!í pets,
incM red	the Cairn

‹o, reexnabte

fee fincluding those can appeal) and	costs, anó’ all other

collectiœ action. The	n

the  ht

chase interest on unpaid amounts

at the rate of eiohteen oerc@t

Mfitniner hereby irrevocably subm s to

exclusVe personal îunsdiction of The state and fed'eraI courts of

Duval County, Florida for the adjudication of all disputes or questions hereunder.

18)

This Agreement co,nstitutes the entire agreem ent of the parties hereto and shall be valid upon acceptance by the Company Corporate Office. No oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing and accepted by an authorized representative of both the Company and Custom er. This Agreem ent is assignable by Customer only with the prior written consent of the Company.

01/2024

% THE LAKE DOCTORS, INC.

3

McHenry Electric

Proposal #: 27086 Amount: $300.00
WORK AUTHORIZATION FOR MAINTENANCE SERVICES — WA #26-17

This Work Authorization (the “Work Authorization”), dated August 14, 2026, authorizes certain work in accordance with that certain AGREEMENT BETWEEN THE SOMERSET COMMUNITY DEVELOPMENT DISTRICT AND MCHENRY ELECTRIC, INC., FOR GENERAL MAINTENANCE
SERVICES (the “Agreement”), dated April 6, 2022, by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Walton County, Florida, and whose mailing address is 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (the “District”); and

MCHENRY ELECTRIC, INC., a Florida for profit corporation, with a mailing address of 50 Hatchew Road, Miramar Beach, Florida 32550 (hereinafter “Contractor”, together with District the “Parties”).

Section 1. Scope of Services. Contractor shall provide repair and maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Services”).

Section 2. Compensation and Term.

It is understood and agreed that the payment of

compensation for the Services under this Work Authorization shall be in the amount and for the term set forth in the attached Exhibit A, and in the manner set forth in the Agreement.

Section 3. Acceptance. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

026

CDT)

(Aug 17. 2026 16

CDT)

Secretary/Assistant Secretary

By.

Jody Jubuisson

Its:	Chair	
MCHENRY ELECTRIC, INC.

Nlkl Carr (Aug 18 2026 08 10 25 CDT)

Witness

By

D. Clayton Mchenry

Iu: president	

Exhibit A: Proposal/Scope of Services

iNVOiCE
I'•IcHenry Electric. Inc TO Hatches Road
Miramar Beach, Florida 32550
United States

850-837-9003

Invoice Number:
P.0./S.0. Number:

27086
Butterfly Park / WA
#26-17
August 14, 2026
August 24.2026
$300.OO

Somerset CDD C/O RizzeHa 6 Company,
Inc.
3434 Colwell Ave
Suite 200
Tampa, Florida 3361d
United States

Invoice Date:
Payment Due:
Amount Due (USD):

(850l334-9055ext0153
komera#rizeha.com

A) Furnished and installed (2) GFI outlets to replace defective.

5300.00

WA #26-17

$300.00

Total:

Amount Due (USD):

$300.00

Notes / Terms
Net J0 Days. A finance charge of 1.5'zo per month (18’/o per annum) will be chargecJ on unpaid balances.
{hdnk you for yourbusine s

4869-0675-6377.1

Proposal #: 27054 Amount: $233.75
WORK AUTHORIZATION FOR MAINTENANCE SERVICES — WA #26-18

This Work Authorization (the “Work Authorization”), dated July 20, 2026, authorizes certain work in accordance with that certain AGREEMENT BETWEEN THE SOMERSET COMMUNITY DEVELOPMENT DISTRICT AND MCHENRY ELECTRIC, INC., FOR GENERAL MAINTENANCE
SERVICES (the “Agreement”), dated April 6, 2022, by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Walton County, Florida, and whose mailing address is 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (the “District”); and

MCHENRY ELECTRIC, INC., a Florida for profit corporation, with a mailing address of 50 Hatchew Road, Miramar Beach, Florida 32550 (hereinafter “Contractor”, together with District the “Parties”).

Section 1. Scope of Services. Contractor shall provide repair and maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Services”).

Section 2. Compensation and Term.

It is understood and agreed that the payment of

compensation for the Services under this Work Authorization shall be in the amount and for the term set forth in the attached Exhibit A, and in the manner set forth in the Agreement.

Section 3. Acceptance. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

Kim 0’M

27, 2026 22:52:33 EDT)

_

(Jut23 20264557.20CDT)

Secretary/Assistant Secretary

By  Jody Jubuisson

Chair

I=:

MCHENRY ELECTRIC, INC.

Ck Carr Ju|23 2026

Witness

By D Clayton Mchenry

 President	
I=:

Exhibit A: Proposal/Scope of Services

INVOICE
McHenry Electric, Inc 50 Hatchew Road
Miramar Beach, Florida 32550
United $tates

M'HENRY
ELECTRIC, INC.

850-837-9001

Invoice Numbers
P.0./S.O. Number:

2705d
N Sea Garden PED path / WA 426-18
July 20, 2026
July 30, 2026
$233.7S

Somerset ADD C/O Ri2zetta & Company,
Inc.
3A34 Colwell Ave
Suite 200
Tampa. Florida 3361d
United States

Invoice Date-
Payment Due:
Amount Due (USD):

f8S0) 33d-9055 ext 0153
komera@rizze\ta.com

S233.75

A) TroubJeshot and traced wire back from transformer GFI.

B) Technician discovered a burnt, damaged piece of wire outside of a J-Box near the transformer.

C) Had enough slack in the ground to repull the wire in the box and remake the jpfnt.

D) Circuit tested efficiently with no recurring issues.

WA *26-18

5233.75

Total:

Amount Due (USD]:

$233.75

Notes / Yerms
Net 10 Days. A fif 0' ce charge of 1.5% per i›\of II 118% per at1:Jun } \v ill be charged co unyaic! balances.
Thank you for your business!

4869-0675-6377.1

Mills Supply

WORK AUTHORIZATION #26-06
July 13, 2026

Somerset Community Development District 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614

Subject:

Work Authorization Number 26-06 (“Work Authorization”) Somerset Community Development District

Dear Board of Supervisors:

Mills Supply (“Contractor”) is pleased to submit this work authorization to provide irrigation system repair, maintenance and/or replacement services for the Somerset Community Development District (“District”). We will provide these services pursuant to our current Agreement Between the Somerset Community Development District and Mills Supply for Irrigation System Repair, Maintenance, and Replacement Services dated March 6, 2024 (“Agreement”) as follows:

I.

Scope of Work
The District hereby engages the services of Contractor to perform the work described in

Attachment A, attached hereto. Attachment A shall not be incorporated herein, except that Attachment A is applicable to the extent that it states the Work’s scope of services for the labor and materials to be provided under this Agreement and the price. Otherwise, none of the provisions of Attachment A shall apply to this Work Authorization and the Agreement.

II.

Fees
The District will compensate Contractor at the price listed in Attachment A in accordance with the

terms of the Agreement and this Work Authorization.

This Work Authorization, together with the Agreement, represents the entire understanding between the District and Contractor with regard to the referenced Work Authorization. If you wish to accept this Work Authorization, please sign below where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule the approved services.

Sincerely,

Authorized Representative of Mills Supply

APPROVED AND ACCEPTED

By:

Chair/Vice-Chair, Board of Supervisors Somerset Community Development District

Date: 	

1

Attachment A

2

Juniper Landscaping of Florida

WORK AUTHORIZATON NUMBER 26-20 FOR ADDITIONAL SERVICES

THIS WORK AUTHORIZATION (“Work Authorization”), dated June 6, 2026, authorizes certain work in accordance with that certain Landscape and Irrigation Maintenance Services Agreement, effective January 1, 2026 (the “Agreement”), by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established
pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida (the “District”), and

JUNIPER LANDSCAPING OF FLORIDA LLC, a Florida limited liability company, with an address of 511 N. Highway 79, Panama City Beach, Florida 32413 (“Contractor”).

SECTION 1.

SCOPE OF SERVICES. in addition to the services described in the Agreement and any exhibits,

amendments and addenda thereto, Contractor shall provide stone replacement services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Additional Services”). To the extent that the terms of Exhibit A conflict with terms of this Work Authorization or the Agreement, the Work Authorization and the Agreement shall control.

SECTION 2.

COMPENSATION. As compensation for the Additional Services, the District agrees to pay Contractor

Seven Thousand Twenty-Eight Dollars and Fifty-Five Cents ($7028.55) due in full upon completion and acceptance of the Additional Services by the District.

SECTION 3.

ACCEPTANCE. Acceptance of this Work Authorization authorizes Contractor to complete the

Additional Services as outlined above and is indicated by the signature of the authorized representative of the District and Contractor. Contractor shall commence the aforesaid Additional Services upon the full execution of this Work Authorization and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remains in full force and effect.

IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

SOMERSET COMMUMTY DEVELOPMENT DISTRIO

on

8. 2o2s 1s o7 1 2 co

By; Jody Jubuisson	

Chairperson
O Vice Chairperson

JUNIPER LANDSCAPING OF FLORIDA LLC

fJun 8 202G 16 51 47 CDT)

By: BRIAN CALKINS	
its:  Branch Manager	

Exhibit A

Proposal for Additional Services

Exhibit A

4o2g o
06/04/26

Proposal No.:
Proposed Date:

 NOT TO EXCEED ESTIMATE 

Main 4-inch irrigation line was broken under the sidewalk.

Crews have cut and removed sidewalk, found issue and repaired pipe

This includes all pipe, fittings and labor.

This will include concrete re pour.

This will include paver reset.

THIS IS A NOT TO EXCEED ESTIMATE 

PROPERTY:	FOft:

Somerset Community Development District Kim O'Mera
84 Elbow Beach Road-Somerset Community Highway 30A Corridor
Inlet Beach, FL 32461

Repair to main line west end northwest buttery

Proposal	t

QTY

Irrigation Renovation

$7,028.55

Lateral Components
Irrigation Tech Labor Misc Irrigation Parts 4“ Hyniax Coupling Concrete 8OIh Bags
4" Ductile Iron Gate Valve 4“ Misc Fittings
PVC Pipe 4 in. x 20 ft. Schedule 40 Bell Encl (Sold per ft.)
Concrete Subcontractor
Paver Subcontractor

30.00
3.00
1.00
5.00
1.00
8.00
12.00

HR
EA EA EA EA EA
FT

120.00
120.00

SF
SF

Fuel Surcharge 5%

$0.00

0.00

Fuel Surcharge

EA

Total:

$7,028.55

Guarantee: Any alteration from these specs involving additional costs will be executed only upon written order and will become an
extra charge over and above estimate.

Stendard Warranty: Juniper Landscaping of Florida LLC agrees to warranty irrigation, drainage and lighting for 1 year, trees and palms
for 6 months, shrubs and ground cover for 3 months, and sod for 30 days. This warranty is subject to and specifically limited by the following:

Warranty is not valid on relocated material, annuals and any existing irrigation, drainage and lighting systems. Warranty in not valid
on new plant material or sod installed without automatic irrigation. Warranty does not cover damage from pests or disease encountered on sfte, act of God, or damaged caused by others. Failure of water or power source not
caused by Juniper Landscaping of Florida LLC will void warranty. The above Identified warranty periods commence upon the date of completion of all Items included In this proposal. Standard Warranty does not modify or supersede any previously written agreement.
Jumper Landscaping of Florida LLC Is not responsible for damage to non-located underground.

Residential Agreement: A deposit or payment in full will be required before any work will begin. Any and ali balance will be due upon
job completion in full, unless otherwise noted in writing. AII work will be performed in a worł‹man like manner in accordance to said proposal. Any additional work added to original ptoposąl wil| require written approval, may require additional deposits and will be due on completion with any remainlng balances owed.

DUE TO THE NATURE OF MATERIAL COST VOLATILITY, WE ARE CURRENTLY FIOLDING PRICING FOR THIRTY (30) DAYS FROM
PROPOSAL DATE

Signature (Owner/Property Manager)

Date

Printed Name (Owner/Property Manager)

Slgnature - Representative

Date

WORK AUTHORIZATON NUMBER 26-21 FOR ADDITIONAL SERVICES

THIS WORK AUTHORIZATION (“Work Authorization”), dated June 10, 2026, authorizes certain work in accordance with that certain Landscape and Irrigation Maintenance Services Agreement, effective January 1, 2026 (the “Agreement”), by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established
pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida (the “District”), and

JUNIPER LANDSCAPING OF FLORIDA LLC, a Florida limited liability company, with an address of 511 N. Highway 79, Panama City Beach, Florida 32413 (“Contractor”).

SECTION 1.

SCOPE OF SERVICES. in addition to the services described in the Agreement and any exhibits,

amendments and addenda thereto, Contractor shall provide stone replacement services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Additional Services”). To the extent that the terms of Exhibit A conflict with terms of this Work Authorization or the Agreement, the Work Authorization and the Agreement shall control.

SECTION 2.

COMPENSATION. As compensation for the Additional Services, the District agrees to pay Contractor

One Thousand One Hundred Twenty-Eight Dollars and Seventy-Five Cents ($1128.75) due in full upon completion and acceptance of the Additional Services by the District.

SECTION 3.

ACCEPTANCE. Acceptance of this Work Authorization authorizes Contractor to complete the

Additional Services as outlined above and is indicated by the signature of the authorized representative of the District and Contractor. Contractor shall commence the aforesaid Additional Services upon the full execution of this Work Authorization and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remains in full force and effect.

IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

SOMERSET COMMUMTY DEVELOPMENT DISTRIO

By, Jody Jubuisson	

Chairperson
O Vice Chairperson

JUNIPER LANDSCAPING OF FLORIDA LLC

Jun 4 0 2026 1ñ 53 19 CDT)

By{BRIAN CALKINS

its: Branch Manager	

Exhibit A

Proposal for Additional Services

Exhibit A

Proposal No.:

06/10/26

Replace Podocarpus along 30A where removed by FPL. Will use 1 45 gallon to conceal this end.
Approximately 7.8-8.5 Ft.

Podocarpus replacement along 30A

$1,075.00

Landscape Material

Podocarpus, 45 gallon

45g

Fuel Surcharge 5.0%

553.75

Total:

fTEM	QTY	TOTAL

PROPERTY:	TOR:

Somerset Community Development District Kim O'Mera
84 Elbow Beach Road-Somerset Community Highway 30A Corridor
Inlet Beach, FL 32461

RepacementofPodoCarpUSMong30Aremoved by
FPL

Guarantee: Any alteration from these specs iwolving additional costs will be executed only upon written order and will become an
extra ckarge over and above estimate.

Standard Warranty: Juniper landscaping of Florida LLC agrees to warranty irrigation, drainage and lighting for 1 year, trees and palms
for 6 months, shrubs and ground cover for 3 months, and sod for 30 days. This warranty is subject to and specifically limited by the following:

Warranty is not valid on relocated material, annuals and any existing irrigation, drainage and lighting systems. Warranty in not valid
on new plant material or sod installed without automatic irrigation. Warranty does not cover damage from pests or disease encountered on site, act of God, or damaged caused by others. Failure of water or power source not
caused by Juniper Landscaping of Florida LLC will void warranty.The above identified warranty periods commence upon the date of completion of all items included in this proposal. Standard Warranty does not modify or supersede any previously written agreement.
Juniper Landscaping of Florida LLC is not responsible for damage tonon-located underground.

Residential Agreement: A deposit or payment in full will be required before any work will begin. Any and all balance will be due upon
job completion in full, unless otherwise noted in writing. All work witl be performed in a workman like manner in accordance to said proposal. Any additional work added to original proposal will require written approval, may require additional deposes and will be due on completion with any remaining balances owed.

DUE TO THE NAMRE OF MATERIAL COST VOLATIMTY, WE ARE CURRENTLY HOLDING PRICING FOR THIRTY (30) DAYS FROM
PftOPO5AL DAYE

Signature (Owner/Property Manager)

Date

Printed Name (Owner/Property Manager)

Signature - R•prea•ntativ•

DaN

WORK AUTHORIZATON NUMBER 26-22 FOR ADDITIONAL SERVICES

THIS WORK AUTHORIZATION (“Work Authorization”), dated June 29, 2026, authorizes certain work in accordance with that certain Landscape and Irrigation Maintenance Services Agreement, effective January 1, 2026 (the “Agreement”), by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established
pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida (the “District”), and

JUNIPER LANDSCAPING OF FLORIDA LLC, a Florida limited liability company, with an address of 511 N. Highway 79, Panama City Beach, Florida 32413 (“Contractor”).

SECTION 1.

SCOPE OF SERVICES. in addition to the services described in the Agreement and any exhibits,

amendments and addenda thereto, Contractor shall provide stone replacement services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Additional Services”). To the extent that the terms of Exhibit A conflict with terms of this Work Authorization or the Agreement, the Work Authorization and the Agreement shall control.

SECTION 2.

COMPENSATION. As compensation for the Additional Services, the District agrees to pay Contractor

Three Thousand Nine Hundred Forty-Eight Dollars and Ninety-Five Cents ($3948.95) due in full upon completion and acceptance of the Additional Services by the District.

SECTION 3.

ACCEPTANCE. Acceptance of this Work Authorization authorizes Contractor to complete the

Additional Services as outlined above and is indicated by the signature of the authorized representative of the District and Contractor. Contractor shall commence the aforesaid Additional Services upon the full execution of this Work Authorization and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remains in full force and effect.

IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

SOMERSET COMMUMTY DEVELOPMENT DISTRIO

By; Jody Jubuisson	

Chairperson
O Vice Chairperson

JUNIPER LANDSCAPING OF FLORIDA LLC

J  so 202s 1 3/ 0 s coT

By{ BRIAN CALKINS

its: Branch Manager	

Exhibit A

Proposal for Additional Services

Exhibit A

Proposal No.:
Proposed Date:

406658
0G/29/26

Removed Damaged turf and replace with new Sod.
Includes cutting out old sod where it is required to be cut and replaced.

PROPERTY:	FOR:

Somerset Community Development District Kim O'Mera
84 Elbow Beach Road-Somerset Community Highway 30A Corridor
Inlet Beach, FL 32461

Turf Damage Repairs along 30A

sod restoration along 30A

Site Prep
Bed Prep - Plant, Sod, Debris Removal
Debris by the truck
Equipment

$798.95

s.œ
0.25
1.œ

1

Landscape Material
Enhancement Łabor
Trfway Bermuda, 01 Square Foot-OlSF

$2,940.00

6.00

HR
01SF

Ş210.00

Irrigation Renovation
Irrigation Technician Labor

2.00
5.00

HR

Fuel Surcharge 5.096
Fuel Surcharge

$0.00

0.00

EA

Total:

$З,94B.95

ITEM	UOM	TOTAL

Guarantee: Any alteration from these specs involving additional costs will be executed only upon written order and wlll become an
extra charge over and above estimate.

Standard Warranty: Juniper Landscaping of Florida LLC agrees to warranty Irrigation, drainage and I\ghtIng for 1 year, trees and palms
for 6 months, shrubs and ground cover for 3 months, and sod for 30 days. This warranty is subject to and specifically limited by the following:

Warranty is not valid on relocated material, annuals and any existing irrigation, drainage and lighting systems. Warranty In not valid
on new plant material or sod Installed without automatic Irrigation. Warranty does not cover damage from pests or disease encountered on slte, act of God, or damaged caused by others. Failure of water or power source not
caused by Juniper Landscaping of Florida LLC will void warranty. The above identified warranty periods commence upon the date of completion of all items included in this proposal. Standard Warranty does not modify or supersede any previously written agreement.
Juniper Landscaping of Florida LLC is not responsible for damage to non-located underground.

Residential Agreement: A deposit or payment in full will be required before any work will begin. Any and all balance will be due upon
job completion In full. unless otherwise noted in writing. AU work will be performed in a workman like manner in accordance to said proposal. Any additional work added to original proposal will require written approval, may require additional deposits and will be due on completion with any remaining balances owed.

DUE TO THE NATURE OF MATERIAL COST VOLATI1IT¥, WE ARE CURRENCY HOLDING PRICING •OR THIRTY (30) OAYS FROM
PROPOSAL DATE

Signature (Owner/Property Manager)

Date

Printed Name (Owner/Property Manager)

6/29/2026

Signature - Representative

Date

WORK AUTHORIZATON NUMBER 26-23 FOR ADDITIONAL SERVICES

THIS WORK AUTHORIZATION (“Work Authorization”), dated July 9, 2026, authorizes certain work in accordance with that certain Landscape and Irrigation Maintenance Services Agreement, effective January 1, 2026 (the “Agreement”), by and between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established
pursuant to Chapter 190, Florida Statutes, located in Walton County, Florida (the “District”), and

JUNIPER LANDSCAPING OF FLORIDA LLC, a Florida limited liability company, with an address of 511 N. Highway 79, Panama City Beach, Florida 32413 (“Contractor”).

SECTION 1.

SCOPE OF SERVICES. in addition to the services described in the Agreement and any exhibits,

amendments and addenda thereto, Contractor shall provide stone replacement services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Additional Services”). To the extent that the terms of Exhibit A conflict with terms of this Work Authorization or the Agreement, the Work Authorization and the Agreement shall control.

SECTION 2.

COMPENSATION. As compensation for the Additional Services, the District agrees to pay Contractor

Sixteen Thousand One Hundred Thirty-One Dollars and Ninety-Three Cents ($16,131.93) due in full upon completion and acceptance of the Additional Services by the District.

SECTION 3.

ACCEPTANCE. Acceptance of this Work Authorization authorizes Contractor to complete the

Additional Services as outlined above and is indicated by the signature of the authorized representative of the District and Contractor. Contractor shall commence the aforesaid Additional Services upon the full execution of this Work Authorization and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remains in full force and effect.

IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

SOMERSET COMMUMTY DEVELOPMENT DISTRIO

By, Jody Jubuisson	

Chairperson
O Vice Chairperson

JUNIPER LANDSCAPING OF FLORIDA LLC

ui 0 2026 4 0 0	,i

By{ BRIAN CALKINS

its: Branch Manager	

Exhibit A

Proposal for Additional Services

Exhibit A

Proposal No.:
Proposed Date:

07/09/26

Replace Medjool Palm with specimen of similar Height Existing was struck by lightning on 7/9/2026

Work includes removal of old tree. bed prep Installation and re constructing surrounding bed to original condition.

Replace Medjool Palm along SOA East of N Charles Street.

Site Prep
Remove and Dispose of Existing Declined Tree
Debris by the truck

$1,335.00

12.00
1.oo

HR
1

Landscape Material
Medjool Date Palm, 32’ Labor
Heavy Equipment (includes operator) Freight
Fuel Surcharge

$14,796.93

1.¢o
10.00
4.00
1.00
1.oo

HR
HR EA EA

Total:

$16,131.93

PROPERTY:	FOR:

Somerset Community Development District Kim O'Mera
84 Elbow Beach Road-Somerset Community Highway 30A Corridor
Inlet BeaCh, FL 32461

Replace Medjool Palm along 30A between Schuyler Ct and N, Sea Garden St.

Proposal	t

Guarantœ: Any alteration from thèse specs involvîng addîtîonal œsts will be executed only upon written order and will beœme an extra charge over and above estimate.

Standard Warranty: Juniper Landscaping of Floûda LLC agrœs to warranty irrigahon, drainage and lighting for 1 year, trees and palms for 6 months, shrubs and ground cover for 3 months, and sod for 30 days. This warranty is subject to and specifically limited by the

warranty is not valid on reIo:ated material, annuals and any existîng irrigation, drainage and lighting systems. Warranty in not valid on new plant mateûal or sod installed without automatic irrigation. Warranty does not cover damage from pests or disease encountered on site, act of God, or damaged caused by others. Failure of water or power source not
caused by Juniper Landscaping of rlorida LLC will void warranty. The above identified warranty periods commence upon the date of completion of all items included In this proposaf. Standard Warranty dœs not modîfy or supersede any prevîously wrîtten agrœment.
Juniper Landsœping of Florida LLc is not responsible for damage tonon-located underground.

Residential Agreement: A deposit or payment in full will be required before any work will begin. Any and all balance will be due upon job completion in full, unless otherwise noted in writing. All wort will be performed in a workman like manner in accordance to said proposal. Any addinonal work added to original proposal wilt require written approval, may require additional deposits and will be due on completion with aoy remaining balances owed.

DUE TO THE NATURE OF MATERIAL COST VOLATILITY, WE ARE CURRENTLY HOLOING PRICING FOR THIRTY (30) DAYS FROM
PROPOSAL DATE

Signature{Owner/Proparty Manager)

Printed Name (Owner/Property Manager)

7/9/2026

Date

Signature - Raprezantativa

Tab 5

SOMERSET CDD BOARD COVER SHEET

 Overview	
Purpose of Agenda Item
To consider proposals to complete roadway repairs throughout the community, as shown on the map included.

Background
Not applicable

 Cost Summary	

Vendor Name

Vendor Proposal

Management Fee

Proposed Total

Couch Collective, LLC

$3,588.00

$250.00

$3,838.00

Disneidy Stone Pavers

$2,350.00

$470.00

$2,820.00

Agenda Item:

Roadway Paver Repair Proposals

Meeting Date:

September 1, 2026

Item Submitted by:

Doug Lang

Funding Source:

Road Impact Reserves

ESTIMATE
Couch Collective LLC
PO Box 4733
Santa Rosa Beach, FL 32459-4733

mason@ccollective.llc
+1 (678) 736-9304

Bill to
Somerset Community Development District Tampa, Fl 33614

Ship to
Somerset Community Development District Tampa, Fl 33614

Estimate details
Estimate no.: 1117 Estimate date: 06/29/2026

#

Product or service

Description

Qty

Rate

Amount

Alys Beach CDD Paver Repair (6.26’ List) - W Sugar Lump and Sea Garden
W Sugar Lump @ Kings Castle Crt
W Sugar Lump @ S Charles

1

$3,588.00

$3,588.00

$3,588.00

Total

Accepted date

Accepted by

ABNA -
- N Somerset @ D6 and D8 areas-sunk
- N Charles and N Somerset-manhole
- N Charles and and Whalebone manhole
- Evelyn Alley @ DD7-manhole
- Evelyn Alley and Plumbago-manhole
- Longtail @ DD5-manhole
- Whitten Way @ GG8-sunk
- Whitten Way and Longtail-manhole
- N Sea Garden and McGee-2 manhole
- Schuyler Crt @ EE13 and EE3-4 manholes
- Chancery Ln @ AC17-sunk
- Sea Garden @ XX7
- Verdmont Way and Sea Garden manhole
- Sea Garden @ L Gaza Crt- sunk
- Sea Graden @ Shinbone Crt- 2 manholes
- Buggy Whip and Elbow Beach Rd manhole
- Elbow Beach Road Rd @ TT3 CDD -
- W Sugar Lump and Sea Garden
- W Sugar Lump @ Kings Castle Crt
- W Sugar Lump @ S Charles

ESTIMATE
DISNEIDY STONE PAVERS LLC
643 Sandalwood Dr
Destin, FL 32541-2442

disneidy_stone_2011@yahoo.com
+1 (850) 533-1017
https://www.disneidystonepavers.co m

ALYS BEACH
Bill to
CDD Repairs

Estimate details
Estimate no.: 1144 Estimate date: 06/30/2026

#

Date

Product or service

Description

Qty

Rate

Amount

1.

Sales

CDD

$2,350.00

$2,350.00

W Sugar Lump and Sea Garden W Sugar Lump @ Kings Castle Crt W Sugar Lump @ S Charles

$2,350.00

Total

Note to customer
Thank you for your business

Accepted date

Accepted by

Tab 6

SOMERSET CDD BOARD COVER SHEET

Purpose of Agenda Item
To consider Dune Doctors' proposal for corrective dune restoration work requested by the Florida Department of Environmental Protection (FLDEP) following deficiencies observed after Tropical Storm Bertha.

Background
Following site reviews with Marina Foote of FLDEP, Alys Beach staff, and Dune Doctors, corrective actions were identified in areas east of the Beach Club walkover and near Gulf Green. The proposed work includes relocating sand to fill a low area at the toe of the dune east of the Gulf Green boardwalk. Work will be tracked hourly, similar to the seaweed-removal process, and the final cost may be less than the budgeted amount. Dune Doctors will also monitor the affected vegetation and use maintenance-stock plants to fill any remaining bare areas at no additional cost. Fertilizer will be applied only to plants on the dune slope and not at the toe of the dune, to limit seaward expansion.

Vendor Name

Vendor Proposal

Management Fee

Proposed Total

Dune Doctors, LLC

$11,907.00

N/A

$11,907.00

Cost Summary

Overview

Agenda Item:

Addition of Sand at Gulf Green Boardwalk by Dune Doctors

Meeting Date:

September 1, 2026

Item Submitted by:

Doug Lang

Attention:

Somerset Community Development District

Via email:

sthomas@alysbeach.com

Re:

PROPOSAL FOR ALYS BEACH
FLWAL_CALYSBEACH_L04201_08212026

Project
Address:

9581 E Co Hwy 30A - Alys Beach, FL 32461

Date:

August 21, 2026

Since our inception in 2000, Dune Doctors, a company specialized in coastal erosion
control, has completed over a thousand projects along the Gulf of Mexico and Atlantic Coast. We plan, construct, restore, and maintain native ecosystems and protective landscapes. Dune Doctors works with local, state, and federal regulating authorities to create aesthetically pleasing, environmentally-compliant landscapes that allow Mother Nature to optimize the protection she provides for water-front communities.

As a result of customer demand and the increase in recent storm activity, we have
developed a proposal called the Dune Master Plan™ (DMP). This industry-leading proactive approach to coastal preservation and protection allows your property to mitigate storm damage and develops a long-term program for coastal resiliency.

Since our approach encourages the creation of an environmentally-friendly and cost-
effective plan, we have prioritized in this proposal the work that should be implemented to create a strong protective barrier between you and the next storm. Our coastal restoration experts have recommended the following DMP phases, in order of importance, based on our professional expertise and with regulatory considerations taken into account.

FLWAL_CALYSBEACH_L04201_08212026

Page 1 of 3

Dune Doctors, LLC would be honored to be entrusted to complete your coastal erosion
control project. Should you have questions or needs please feel free to contact us at (850) 939-7737; we will be more than happy to discuss your project.

We look forward to exceeding your expectations and adding you to our growing list of
satisfied customers.

Dune Doctors, LLC

Frederique Beroset
Owner, MBA & MS Biology

DATE: August 21, 2026

FLWAL_CALYSBEACH_L04201_08212026

Page 2 of 3

Estimated Project Cost: $11,907.00

DELIVERABLE

SCOPE

COST

PHASE 3

OPTIMIZATION
Designed to Reinforce the Existing Dune

$11,907.00

SAND PLACEMENT

Sand is to be relocated from the pile currently located on the empty lot, KK10, West of the pool club, to the area at the toe of the dune East of the Gulf Green boardwalk highlighted by FLDEP, Ms. Marina Foote, during one of her recent site visits.

The project is priced on an hourly rate with the expectation that this budget will allow to move approximately 6 cubic yards of sand, one 5-gallon bucket at a time down the boardwalk. If more sand is requested than what is currently present on lot KK, the cost of delivery will need to be added to this proposal.

PS: The existing plants are expecting to grow through the sand we will be placing. Shall there be some remaining bare areas, we will use some of our maintenance plants to fill in these areas at no extra cost.

$11,907.00

CONDITIONS

1. Dune Doctors, LLC guarantees that over 90% of our plants will be thriving at 90
days. Any Irrigation administered to our plants outside of the instruction provided by Dune Doctors, LLC will automatically void the guarantee. Irrigation stunts the development of the plants’ roots and accelerates erosion.

2. Dune Doctors, LLC does NOT warranty damage or destruction of work due to Act
of God or negligence outside of our control (examples include watering, foot traffic, storm damage and maintenance not performed by Dune Doctors, LLC, etc.)

3. All proposals are valid for 90 days.

4. Dune Doctors’ work does not guarantee the elimination of all storm-related
damage, but endeavors to be a natural insurance policy to mitigate storm-impact to your property and potential special assessment costs.

5. Dune Doctors only installs high-quality plants. Depending on when you sign our
contract, if we are replenishing our stock of plants, it may take up to 90 days for the developing plants to be ready for installation, potentially delaying the start of the project.

6. While Dune Doctors, LLC will take reasonable precautions during equipment
staging, material delivery, sand placement, and removal, minor disturbances may still occur due to site access and construction activities.

FLWAL_CALYSBEACH_L04201_08212026

Page 3 of 3

Tab 7

______________________

ATTACH PAYMENT HERE

Water Management Agreement
Monitoring

PG/717616/R

This Agreement, made this 	day of 	20  is between The Lake Doctors, Inc., a Florida Corporation, hereinafter called “THE LAKE DOCTORS” and

NAME 	

BILLING ADDRESS 	

CITY 	STATE 	ZIP 	PHONE (

)	

EMAIL ADDRESS 		 IF YOU WOULD LIKE YOUR INVOICE EMAILED, CHECK HERE: 	

Hereinafter called “CUSTOMER”

REQUESTED START DATE: 	 PURCHASE ORDER: 	

The parties hereto agree to follows:

A. THE LAKE DOCTORS agrees to manage certain lakes and/or waterways for a period of twelve (12) months from the date of execution of this Agreement in accordance with the terms and conditions of this Agreement in the following location(s):

One irrigation pond at Somerset CDD (Alys Beach) Alys Beach, Fl. October 1st, 2026-September 30th, 2028.

B. CUSTOMER agrees to pay THE LAKE DOCTORS, its agents or assigns, the following sum for specified aquatic management services:

1
2

Monthly inspection/monitoring Monthly written service reports Total of Services Accepted

$
$
$

 58.00 per month	
 Included	
 58.00 per month	

The above sum-total shall be due and payable in monthly installments of $58.00/month including any additional costs such as sales taxes, permitting fees, monitoring, reporting, water testing and related costs mandated by any governmental or regulatory body related to service under this Agreement.

C.

THE LAKE DOCTORS agrees to monitor, weather permitting, from the date of receipt of this Agreement and /or required government permits.

D.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by CUSTOMER to THE LAKE DOCTORS on or before October 1, 2026.

E.

The terms and conditions appearing on the reverse side form an integral part of this Agreement, and CUSTOMER hereby acknowledges that he has read and is familiar with the contents thereof. Agreement must be returned in its entirety to be considered valid.

THE LAKE DOCTORS, INC.

CUSTOMER

	 Signed 	Dated 	

Pasco Gibson, Sales Manager

Name 	
CUSTOMER/OFFICE COPY

03/2016

 THE LAKE DOCTORS, INC.

Navarre Office 8307 E Bay Blvd Navarre, FL. 32566
(850) 939-5787
navarre@lakedoctors.com www.lakedoctors.com

TERMS AND CONDITIONS
Beneficial Monitoring

1.

The Beneficial Monitoring Program will be conducted in a manner consistent with good water management practice using accepted methods and techniques when applicable.

2.

THE LAKE DOCTORS is not responsible for loss of plants beyond the control of THE LAKE DOCTORS. CUSTOMER understands that common causes for loss of beneficial aquatic plants can be due by many factors including high water, low water, ducks and waterfowl, poor landscaping practices such a weed eating, herbivorous fish and overgrowth by noxious undesirable weeds.

3.

If at any time during the term of this Agreement, CUSTOMER feels THE LAKE DOCTORS is not performing in a satisfactory manner, or in accordance with the terms of this Agreement, CUSTOMER shall inform THE LAKE DOCTORS, in writing, stating with particularity the reasons for CUSTOMER’S dissatisfaction. THE LAKE DOCTORS shall investigate and attempt to cure the defect. If, after 30 days from the giving of the original notice, CUSTOMER continues to feel THE LAKE DOCTORS performance is unsatisfactory, CUSTOMER may terminate this Agreement by giving notice (“Second Notice”) to THE LAKE DOCTORS and paying all monies owing to the effective date of termination. In this event, the effective date of termination shall be the last day of the month in which said second notice is received by THE LAKE DOCTORS.

4.

THE LAKE DOCTORS shall maintain the following insurance coverage and limits; (a) Workman’s Compensation with statutory limits; (b) Automobile Liability; (c) Comprehensive General Liability, including Pollution Liability, Property Damage, Completed Operations and Product Liability. A Certificate of Insurance will be provided upon request. A Certificate of Insurance naming CUSTOMER as “Additional Insured” may be provided at CUSTOMER’S request. CUSTOMER agrees to pay for any additional costs of insurance requirements over and above that provided by THE LAKE DOCTORS.

5.

Neither party shall be responsible for damages, penalties or otherwise for any failure or delay in performance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders and regulations, curtailment or failure to obtain sufficient material, or other force majeure condition (whether or not of the same class or kind as those set forth above) beyond its reasonable control and which, by the exercise of due diligence, it is unable to overcome. Should THE LAKE DOCTORS be prohibited, restricted or otherwise prevented from rendering specified services by any of the conditions, THE LAKE DOCTORS shall notify CUSTOMER of said condition and of the excess direct costs arising therefrom. CUSTOMER shall have thirty (30) days after receipt of said notice to terminate this Agreement by notifying THE LAKE DOCTORS in writing.

6.

CUSTOMER warrants that he or she is authorized to execute the Water Management Agreement on behalf of the riparian owner and to hold THE LAKE DOCTORS harmless for consequences of such service not arising out of the sole negligence of THE LAKE DOCTORS.

7.

THE LAKE DOCTORS agrees to hold CUSTOMER harmless from any loss, damage or claims arising out of the sole negligence of THE LAKE DOCTORS. However, THE LAKE DOCTORS shall in no event be liable to CUSTOMER, or others for indirect, special or consequential damages resulting from any cause whatsoever.

8.

THE LAKE DOCTORS reserves the right to impose a monthly service charge on past due balances and/or cancel the Agreement.

9.

Should it become necessary for THE LAKE DOCTORS to bring action for collection of monies due and owing under this Agreement, CUSTOMER agrees to pay collection costs, including, but not limited to, reasonable attorneys fee (including those on appeal) and court costs, and all other expenses incurred by THE LAKE DOCTORS resulting from such collection action.

10.

This Agreement is assignable by CUSTOMER except upon prior written consent by THE LAKE DOCTORS.

11.

This Agreement constitutes the entire agreement of the parties hereto and shall be valid upon acceptance by THE LAKE DOCTORS Corporate Office. No oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing and accepted by an authorized representative of both THE LAKE DOCTORS and CUSTOMER.

12.

Agreements that include debris removal shall consist of: Casual trash such as cups, plastic bags and other man-made materials up to 20 lbs. will be removed during regularly scheduled service visits. Large or dangerous items such as biohazards and landscape debris are not included.

03/2016

 THE LAKE DOCTORS, INC.

Tab 8

LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES AGREEMENT

THIS AGREEMENT (“Agreement”) is made and entered into this 10th day of December 2025 (“Effective Date”), by and between:

Somerset Community Development District, a local unit of special-purpose
government established pursuant to Chapter 190, Florida Statutes, and whose mailing address is c/o Rizzetta & Company, Inc., 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (“District”); and

Juniper Landscaping of Florida LLC, a Florida limited liability company, with a
mailing address of 511 N. Highway 79, Panama City Beach, Florida 32413 (“Contractor,” together with District, “Parties”).

RECITALS

Whereas, the District is a local unit of special-purpose government established pursuant
to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes (“Act”); and

Whereas, the District was established for the purpose of planning, financing, constructing,
operating and/or maintaining certain infrastructure, including landscaping and irrigation; and

Whereas, the District desires to enter into an agreement with an independent contractor
to provide landscape and irrigation maintenance services for certain lands within and around the District; and

Whereas, Contractor submitted a proposal and represents that it is qualified to provide
landscape and irrigation maintenance services and has agreed to provide to the District those services identified in Exhibit A, attached hereto and incorporated by reference herein (“Services”); and

Whereas, the District and Contractor warrant and agree that they have all right, power
and authority to enter into and be bound by this Agreement.

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

Section 1.

Incorporation of Recitals.  The recitals so stated are true and correct and

by this reference are incorporated into and form a material part of this Agreement.

Section 2.

Description of Work and Services.

A.

The District desires that the Contractor provide professional landscape and

irrigation maintenance services within presently accepted standards. Upon all Parties signing this
Agreement, the Contractor shall provide the District with the Services identified in Exhibit A.

B.

While providing the Services, the Contractor shall assign such staff as may

be required, and such staff shall be responsible for coordinating, expediting, and controlling all
aspects to assure completion of the Services.

C.

The Contractor shall provide the Services as shown in Section 3 of this

Agreement. Contractor shall solely be responsible for the means, manner and methods by which
its duties, obligations and responsibilities are met to the satisfaction of the District.

D.

This Agreement grants to Contractor the right to enter the lands that are

subject to this Agreement, for those purposes described in this Agreement, and Contractor
hereby agrees to comply with all applicable laws, rules, and regulations.

E.

Acceptance of Site. By executing this Agreement, the Contractor agrees

that the Contractor was able to inspect the site prior to the execution of this Agreement, and
that the Contractor agrees to be responsible for the care, health, maintenance, and replacement, if necessary, of the existing landscaping, in its current condition, and on an “as is” basis. The Contractor shall be strictly liable for the decline or death of any plant material, regardless of whether such decline or death is due to the negligence of the Contractor or a former contractor, except that the Contractor shall not be responsible for fire, cold, storm or wind damage, incurable or uncontrollable diseases, or damage due to vandalism. Upon the occurrence of any such exceptions, Contractor shall immediately notify the District. Contractor shall replace, at Contractor’s expense, all plant material that, in the opinion of the District, fails to maintain a healthy, vigorous condition as a result of the Contractor’s failure to perform the Work specified herein. No changes to the compensation set forth in this Agreement shall be made based on any claim that the existing landscaping was not in good condition or that the site was unsuitable for such landscaping.

F.

Warranty.	The Contractor warrants to the District that all materials

furnished under this Agreement shall be new, and that all services and materials shall be of good
quality, free from faults and defects for a period of one (1) year after acceptance by the District or longer as required under Florida law. With respect to any and all plant material provided pursuant to this Agreement or any separate work authorization issued hereunder, all plant material shall be guaranteed to be in a satisfactory growing condition and to live for a period of one (1) year from planting except for annuals, which will be replaced seasonally. If any of the services or materials are found to be defective, deficient or not in accordance with the Agreement, Contractor shall correct, remove and replace it and associated damages at its cost promptly after receipt of a written notice from the District to the District’s satisfaction and in the District’s discretion.  Neither final acceptance of the services, nor monthly or final payment

therefore, nor any provision of the Agreement shall relieve Contractor of responsibility for
defective or deficient materials or services. Without limiting the survival of any other provision in this Agreement, this paragraph shall survive termination of the Agreement for the length of the applicable warranty notice period.

Section 3.

Scope of Landscape and Irrigation Maintenance Services. The Contractor will

provide landscape and irrigation maintenance services for the areas as identified on the
maintenance area map attached hereto and incorporated herein by reference as Exhibit B. The duties, obligations, and responsibilities of Contractor are to provide the material, tools, skill and labor necessary for the Services attached as Exhibit A. To the extent any of the provisions of this Agreement are in conflict with the provisions of Exhibit A, this Agreement controls.

Section 4.

Manner of Contractor’s Performance.	The Contractor agrees, as an

independent contractor, to undertake work and/or perform such services as specified in this
Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The performance of the Services by the Contractor under this Agreement and related to this Agreement shall conform to any written instructions issued by the District.

A.

Should any work and/or services be required which are not specified in this

Agreement or any addenda, but which are nevertheless necessary for the proper provision of
services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

B.

The Contractor agrees that the District shall not be liable for the payment of any

work or services not included in Section 3 unless the District, through an authorized
representative of the District, authorizes the Contractor, in writing, to perform such work.

C.

The District  shall designate in writing a person to act as the District’s

representative with respect to the services to be performed under this Agreement. The District’s
representative shall have complete authority to transmit instructions, receive information, interpret and define the District’s policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor’s services.

(1)

The District hereby designates the District Manager, to act as its

representative.

(2)

Upon request by the District Manager, the Contractor agrees to meet with

the District’s representative to walk the property to discuss conditions, schedules, and
items of concern regarding this Agreement.

D.

Contractor shall use all due care to protect the property of the District, its

residents, and landowners from damage. Contractor agrees to repair any damage resulting from
Contractor’s activities and work within twenty-four (24) hours.

Section 5.

Compensation; Term.

A.

As compensation for the Services described in this Agreement, the District agrees

to pay the Contractor at the monthly rates identified in the Payment Scheduled included in
Exhibit A for a not-to-exceed amount of One Hundred Eleven Thousand Six Hundred Forty Dollars ($111,640.00) annually. The term of this Agreement shall be from January 1, 2026 through September 30, 2026, unless terminated earlier by either party in accordance with the provisions of this Agreement. The Agreement may be automatically renewed for additional, one
(1) year terms, for so long as the total compensation under each year, does not exceed the bidding threshold for CATEGORY FOUR pursuant to Sections 190.033 and 287.017, Florida Statutes, and the District’s Rules of Procedure.

B.

If the District should desire additional work or services, or to add additional areas

to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional

work or services.

Upon successful negotiations, the Parties shall agree in writing to an

addendum, addenda, or change order to this Agreement. The Contractor shall be compensated
for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing.

C.

The District may require, as a condition precedent to making any payment to the

Contractor that all subcontractors, materialmen, suppliers or laborers be paid and require
evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen’s Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

D.

The Contractor shall maintain records conforming to usual accounting practices.

As soon as may be practicable at the beginning of each month, the Contractor shall invoice the
District for all services performed in the prior month and any other sums due to the Contractor. The District shall pay the invoice amount within thirty (30) days after the invoice date. The Contractor may cease performing services under this Agreement if any undisputed payment due hereunder is not paid within forty-five (45) days of the invoice date, provided that Contractor has given the District written notice of the non-payment and the District has failed to cure within ten
(10) days of such notice. Each monthly invoice will include such supporting information as the District may reasonably require the Contractor to provide.

Section 6.

Insurance.

A.

The Contractor shall maintain throughout the term of this Agreement the

following insurance:

(1)
of Florida.

Worker’s Compensation Insurance in accordance with the laws of the State

(2)

Commercial General Liability Insurance covering the Contractor’s legal

liability for bodily injuries, with limits of not less than $1,000,000 combined single limit
bodily injury and property damage liability, and covering at least the following hazards:

(i)

Independent Contractors Coverage for bodily injury and property

damage in connection with any subcontractors’ operation.

(3)

Employer’s Liability Coverage with limits of at least $1,000,000 (one million

dollars) per accident or disease.

(4)   Automobile Liability Insurance for bodily injuries in limits of not less than
$1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

B.

The District, its staff, consultants and supervisors shall be named as additional

insured. The Contractor shall furnish the District with the Certificate of Insurance evidencing
compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida.

C.

If the Contractor fails to have secured and maintained the required insurance, the

District has the right but not the obligation to secure such required insurance in which event the
Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Section 7.

Indemnification.

A. Contractor agrees to defend, indemnify, and hold harmless the District and its officers,
agents, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, demands, costs, interest, expenses,

damages, penalties, fines, judgments against the District, or loss or damage, whether
monetary or otherwise, arising out of, wholly or in part by, or in connection with the Services to be performed by Contractor, its subcontractors, its employees and agents in connection with this Agreement, including litigation, mediation, arbitration, appellate, or settlement proceedings with respect thereto, but only to the extent caused by the negligent, reckless, or intentionally wrongful conduct of the Contractor, its subcontractors, employees, or agents. The Contractor shall not be required to indemnify the District for any claims or damages arising from the District's own negligence, the negligence of parties other than the Contractor, or for the District's breach of this Agreement.

B.

Obligations under this section shall include the payment of all settlements, judgments,
damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorneys’ fees, paralegal fees, expert witness fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), any interest, expenses, damages, penalties, fines, or judgments against the District.

Section 8.

Limitations on Governmental Liability. Nothing in this Agreement shall be

deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set
forth 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 such limitations of liability or by operation of law.

Section 9.

Compliance with Governmental Regulation. The Contractor shall keep,

observe, and perform all requirements of applicable local, State, and Federal laws, rules,
regulations, or ordinances. If the Contractor fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Section 10.

Liens and Claims. The Contractor shall promptly and properly pay for all

labor employed, materials purchased, and equipment hired by it to perform under this
Agreement. The Contractor shall keep the District’s property free from any materialmen’s or mechanic’s liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor’s performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in

addition to any and all other remedies available under this Agreement, may terminate this
Agreement to be effective immediately upon the giving of notice of termination.

Section 11.

Default and Protection Against Third Party Interference.	A default by

either party under this Agreement shall entitle the other to all remedies available at law or in
equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement.

Section 12.

Custom and Usage. It is hereby agreed, any law, custom, or usage to the

contrary notwithstanding, that the District shall have the right at all times to enforce the
conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

Section 13.

Successors. This Agreement shall inure to the benefit of and be binding

upon the heirs, executors, administrators, successors, and assigns of the Parties to this
Agreement, except as expressly limited in this Agreement.

Section 14.

Termination. The District agrees that the Contractor may terminate this

Agreement with cause by providing thirty (30) days’ written notice of termination to the District
stating a failure of the District to perform according to the terms of this Agreement; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under

this Agreement.

The Contractor agrees that the District may terminate this Agreement

immediately for cause by providing written notice of termination to the Contractor. The District
shall provide thirty (30) days’ written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for 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 the Contractor.

Section 15.

Permits  and  Licenses.

All  permits  and  licenses  required  by  any

governmental agency directly for the District shall be obtained and paid for by the District. All
other permits or licenses necessary for the Contractor to perform under this Agreement shall be obtained and paid for by the Contractor.

Section 16.

Assignment.	Neither the District nor the Contractor may assign this

Agreement without the prior written approval of the other. Any purported assignment without
such approval shall be void.

Section 17.
the Contractor shall

Independent Contractor Status. In all matters relating to this Agreement,
be acting as an independent contractor.	Neither the Contractor nor

employees of the Contractor, if there are any, are employees of the District under the meaning
or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

Section 18.

Headings for Convenience Only. The descriptive headings in this Agreement

are for convenience only and shall neither control nor affect the meaning or construction of any
of the provisions of this Agreement.

Section 19.

Enforcement of Agreement. A default by either Party under this Agreement

shall entitle the other Party to all remedies available at law or in equity. In the event that either
the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing Party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 20.   AGREEMENT.  This instrument shall constitute the final and complete
expression of this Agreement between the Parties relating to the subject matter of this Agreement. None of the provisions of Exhibit A shall apply to this Agreement and Exhibit A shall not be incorporated herein, except that Exhibit A is applicable to the extent that it states the scope of services for the labor and materials to be provided under this Agreement.

Section 21.

Amendments. 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
Parties.

Section 22.	Authorization. The execution of this Agreement has been duly authorized
by the appropriate body or official of the Parties, the Parties have complied with all the requirements of law, and the Parties have full power and authority to comply with the terms and provisions of this Agreement.

Section 23.

Notices. All notices, requests, consents and other communications under

this Agreement (“Notice” or “Notices”) shall be in writing and shall be hand delivered, mailed by
First Class Mail, postage prepaid, or sent by overnight delivery service, to the Parties, as follows:

A.

If to District:

Somerset Community Development District
3434 Colwell Avenue, Suite 200
Tampa, Florida 33614 Attn: District Manager

With a copy to:

Kutak Rock LLP
107 W. College Avenue Tallahassee, Florida 32301 Attn: District Counsel

B.

If to the Contractor:

Juniper Landscaping of Florida LLC
511 N. Highway 79
Panama City Beach, Florida 32413 Attn: Jarrett Myers

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 Contractor may deliver Notices on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the 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 in this Agreement.

Section 24.

Third Party Beneficiaries. This Agreement is solely for the benefit of the

Parties hereto 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 Parties hereto 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 Parties hereto and their respective representatives, successors, and assigns.

Section 25.

Controlling Law and Venue. This Agreement and the provisions contained

in this Agreement shall be construed, interpreted, and controlled according to the laws of the
State of Florida. The exclusive venue for any conflict arising out of this Agreement shall be in the County in which the District is located.

Section 26.

Compliance with Public Records Laws. Contractor understands and agrees

that all documents of any kind provided to the District in connection with this Agreement may
be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Kim O’Mera (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Contractor 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 the Contractor 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 Contractor’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 the Contractor, the Contractor 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 THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION
OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (850) 334-9055, KOMERA@RIZZETTA.COM, OR 3434 COLWELL AVENUE, SUITE 200, TAMPA, FLORIDA 33614.

Section 27.

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.

Section 28.

Arm’s Length Transaction.	This Agreement has been negotiated fully

between the Parties as an arm's length transaction.  The Parties 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.

Section 29.

Counterparts; Electronic Signatures. 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.

Additionally, the Parties acknowledge and agree that the Agreement may be executed by
electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature” shall include faxed versions of an original signature, electronically scanned and transmitted versions (e.g. via PDF) of an original signature, or signatures created in a digital format.

Section 30.

E-VERIFY.  The Contractor shall comply with and perform all applicable

provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida
Statute, Contractor shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. Contractor shall maintain records of its verification for the duration of this Agreement and for at least three (3) years thereafter. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.09(1), Florida Statutes. By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

Section 31.

COMPLIANCE WITH SECTION 20.055, FLORIDA STATUTES. The Contractor agrees

to comply with section 20.055(5), Florida Statutes, to cooperate with the inspector general in any
investigation, audit, inspection, review, or hearing pursuant to such section and to incorporate in all subcontracts the obligation to comply with section 20.055(5), Florida Statutes.

Section 32.

Statement Regarding Chapter 287 Requirements. Contractor acknowledges

that, in addition to all Laws and Regulations that apply to this Agreement, the following provisions
of Florida law (“Public Integrity Laws”) apply to this Agreement:

i.

Section 287.133, Florida Statutes, titled Public entity crime; denial or
revocation of the right to transact business with public entities;
Section 287.134, Florida Statutes, titled Discrimination; denial or revocation of the right to transact business with public entities;
Section 287.135, Florida Statutes, titled Prohibition against contracting with scrutinized companies;
Section 287.137, Florida Statutes, titled Antitrust violations; denial or revocation of the right to transact business with public entities; denial of economic benefits; and
Section 287.138, Florida Statutes, titled Contracting with entities of foreign countries of concern prohibited.

ii.

iii.

iv.

v.

Contractor acknowledges that the Public Integrity Laws prohibit entities that meet certain
criteria from bidding on or entering into or renewing a contract with governmental entities, including with the District (“Prohibited Criteria”).

Contractor acknowledges that the District may terminate this Agreement if the
Contractor is found to have met the Prohibited Criteria or violated the Public Integrity Laws.

Contractor certifies that in entering into this Agreement, neither it nor any of its officers,
directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, nor any affiliate of the entity, meets any of the Prohibited Criteria, and in the event such status changes, Contractor shall immediately notify the District. By entering into this Agreement, Contractor agrees that any renewal or extension of this Contract shall be deemed a recertification of such status.

Section 33.

Anti-Human Trafficking Statement. The Contractor does not use coercion

for labor or services as defined in Section 787.06, Florida Statutes, and the Contractor has
complied, and agrees to comply, with the provisions of Section 787.06, Florida Statutes.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date
first written above.

SOMERSET COMMUNITY
DEVELOPMENT DISTRICT

Chair/Vice Chair, Board of Supervisors

JUNIPER LANDSCAPING OF FLORIDA LLC

By:		
Its: 	

Exhibit A:
Exhibit B:

Scope of Services
Landscape Area Maintenance Map

EXHIBIT A

Landscape Maintenance AgréemeM

Propërty Marne r Se n rset”ÈoïTimLiriity DevaJJaprrient Di3ulct

Bllgi ng Campariy f' amet RÏzzetta and No mpany

Ge neral- I\dotuirg Serviœ s- Peak
Ge neral käowir\ë ScWices- ÖFF Pcak Ge neral Detaili ng Services- P eak
Ge nera1 Det ailing Services- O FF PeaK
Fertilizat ion Progre m T url FertiliE at ion- Progjam 3hrub
.Inse ct and Diæ ose Co nLrpI- IPM Irrlgat Îon WeL Chec ks
P ere nmaI Ryeg rass 3eed

56

1Z

Serr ice T er ms

Annual Ma]ntenan<u Prlce.

Gènial Matntefiarlce Sœtñces

	Services	

Mowi g sraI: oe pe rformed with ca mmera iat grad e ree‹ mowers to provide a gu alJry cor. Mower bi ad ea w'iil be sh arpened betwe en each mowing to present tea‹:ng of grass al ad es. M owing patterns sh alI be rotated t o W•D tWÚP "°•'P!^B 8	ruttïng oy mower Yune e's and ro min•m iz e soit compactíon . Bermoóa will b e moweü at 3/4 - 1-1/•t". /UI turf sh alI b e tw.ce wee km óur'ng the growi ng season o f ApriT rhrough October and wee km during th e sOw growi ng season o f Novem óe+ through March as re quired. 5 houl d the assncíation reguest add itiona’ curs. a sepa:ate p roposa I ca n be provid ed ar the time service i s reguested . Clip pings snazl be left on the Lawn as long as no vi sib e clumps rema iri on the gra es surface 24 ho urs after m owing: othe rwise.
Co+ntract or will colle rt a nd óispose of ‹Jippings.

AII h ard surfaces sh a•I bz edged at every rriowi ng. A\I soft surface s \ la ndsca pe Deds). shall be edged eve ry othe r visit to m ainta 'n a «ean edge .

Contract or sh ali be responsfb ie for the remoua I of all Iaw n de bris and vis•b ie clippings w*th e ach sire visit a nd b^owing off a+I wal ks. driveways, a nd street area where debris may be v isible.

AII la ndsca pe beó a reas x¥he re weeds ale evide nt wilI be treated with heibicfôe to keep lhe se a reas reIat:vesy wee d free. Large weeds wiki be p uJled by han ó so as nos to be aIlowed to base enough estab Itshed qua ivy ro detract tro m lhe overal I aestnet ics of th e la ndsca pe.

Unleis otfienw ise agre ed upon , a 6 inzh satety ooróe+ wilI be spraye d aro und aI' a reas whe re grass grc'+us ap to a stHJcrure or buiIóing, Iight pois, back fio+u p reve nter, screens and othe r equ:p ment or structures. Tn.s safery border is int e nded ro preve nt da m age ro equip m en t and s£ructu re. II lhe ‹ommu nity doe e not want tne safety bar de r , Juniper tandscap•ng w•I4 not be neId responsfb le for da mage s to these areas.

Sha II be performed to .ma inLai n tne nat raó sha pe and pla nt p alerte characteristics. Pnuni ng sha I\ .n‹ Iu 6e, bat not limited to. the remova: of vegetation tàtar •s dead, da m aged, or üisea sed. W hen di seased vegetatio n s remoyed. the pruning curs sh avi be m ad e d-eep ?n to the de alth y ptant tissue to re- esta•i/ish h eaIthy growth. Shore f|a t tqps anü side s be des\reó, rhis wiI4 be acfiieve d by th e u se of qa s-poc ereó snears. Should th e associ atiori request additíonal trims. an aódi£iona4 serv:ces pro p osal can oe provided at th e time servi‹e is reguested . AlI t rim ming and pren ing sha I• be suoje ct to aU a p pti ca bte State, Tedera I. anó ANSI [A merican Netiona4 Sta nda rds Instirute} reguIatiorrs.

". •' '.:. Pruned Lo remove any dead ar d am aged oranch es. This wilI in cmd e cross- branching a nd t he ra isIn g of ca nopies ro allow safe ped estrian movem ent or sid ewa lbs and driveways in arrordance Lo good cana py

Jumà+r Lenò	ping of r ionoe PLE • B11 N Nighway /0 • Panam a City Beac h, f L 32413
Bra nch: Is5u1 zza-sas/6

Page	y/a

structure. Trees over t2 feet in overall height requiring sernice at canopies shall be performed at the Owne r's request a nd expense.
*-'’•'J - - fronrfs shal I be removed when I'rond I:ips qre brown and or da maged with the clean edge cuts made as ‹lose to the trunk: as possible. Ca refuJ trirrirr+inB procedures shall be Vol lowed to prevent damage m any portion a I tne free. e specia Ivy in the crown shaft a nd bud area: Info @sce nce or seedpod s and fru it shall be removed on a set cycle. Palms over 12 fleet in oueral I height requiring service at cana pie s sh al I be perkormed ar Owner’s request and expense.

FertJli?er servi‹es will be oversee n by a manager with a Certi fieó Pe st Co ntrol Operator dice nse. Ferti4ization wil I be performed by a rechn icia n who is BMP ‹errif ied anó holds a ti mited Comme rcial Fe rti Ifzer License issued by the Florida Department of Agoicu4tur e a nd Co nsu m er 5ervi‹es. Air fe rtilizers utilized u nder this progra m wil I be a ba lanced nutrint package. Omy p roles sion a I com m ercia I Brarfe terti lize rs wil I be used with no less t:han S09á show-re lease nitrciBer+. Co ntractor wiki fol lew Green Industry Best M anaBeme nt Practicas and ahi state anó local fe rtilizer ordi nar+ces. Lawn & orn.ame nta7s shal I be fe rtilizeó as warran ted with a commer cial fe rtilizer. The numbe r of applicat ion s will be depenóént on p lant sper:ies. site cond?t iorts. a nd terti lize r o znós u-sed. Regard less of blends used. Contrastar will a p pay, at a m ini mmm. 4 po unds oT nitrogen per IISTO square fe et fo r turf . Oma men vals wi II var y by species an d size. Th e app lication of N itroge n [Nj & Phosphorus (P) is prohibited in Fi riaa from tu ne y“ until Septemb er 30'!'. C ha nges in regu latio n. outside of
Contractor's control, may affect service.

2nó Qt r. 2 AHpTications - TurT a nd J AppTication Orname ńta\

3rd Qtr. 2 App lications - Turf

4rh Qt r. 2 Appiicatie - Tsurf  I Arpl ication Ornamenta

Spray services will be overseen Dy a managé r with a Certified Pest Cor+tnrg Operator license. 5prayir+g wi IT be perforrr+ed by a Technician who fiolds a Spray IO card issued by th-e Florida Department of Agriculture and Consumer Services. The control of wee0s wiki be a uti lizatio n of Iiquid and granular application s to areas of

In ulper Fanst plng of f lopda •F€ • sl 1 b1 nlgtiway J9 • Pan anna d›t/ Beacfi,
Ft 32fl i i
aranch! isso1 zia 6as6

Page	3/a

ip Gestation. Inspec£ïon of the turf and plant rțiate rïał sha IT be don e regu la.•fy. wit h agpl ications perform e d an a 4-6 week ‹y‹?e as needed to treat vario us, co ntroI\abGe pests. Areas will be tre ated as problem s occur.
Cna nges in regu latio n, outsfd e rif Con tr actor’ s co ntroL may aFtect service .

.’. : .’. We ed control wil I be rotated on an 4-6 week ‹Tele and čan only be appl ied s.aŁeIy '/Uhen wind drïH ïs at a min imu m, a nd in some cases. when average ambient Kempe rature does not exceed m anu fâ‹turer°s Tabe I reef mmendeó maxim um. The control of Crab, Common Bermuda, Torpedo, Tropi‹a ISignaI anó othe• t tue grasses in turÏ exe uded From this Contract. In sorr+e cases. regulation prevenIs abilits to control and in of hers tne re •s r+a pe rma nent er ad7catïon and ‹ontro I proóu‹t. Preeme• gent app lieat ïon s a re not •nc u ôed' in th•s
contract unless oth-erwtse agreed upon by €+wner B Co ntr actor.

.•'c . ”. Prev entative Grub, Chinùh Bog & I-ire And con trot is excluded mom this Co ntracŁ unless otherwise
agre eó upon ay Own ez & Cont actor. A preventive appl icatïon reduces but does not eliminate the potent iaT of an ou tbreak . Areas wilt be spot treated. when ïdentPlied. as part of a n i nap eelI on. A pro pos.aI wï\I be p rovid ed

by Contractor. an reque st from

for. preventative tr eatment opt ior+s. NJ em atoóe, Tuttle Mealyb uB &

Stunt M it e, Azalea Late Bug, Royal Pal m Bug & \ /hite Fly control are entir elf excluded from this Contract tfiough some may have treatme nt options. Those treat ments wiII be pro posed at reque sr l'rom Owner.

,” '. . › .-'. Preyentative funga\ turf diseases are excl uded from this contr adt unless other wise agreed upon by Owrier B Contractor. Pr eyentive applicarïon s for ce.•tai n óisea see can be mad e to red use th e pa tent faT of an outbrea k and wil I be proposed on request f•om Own-er. A preventive app Ii‹at•on redu ces, b ut does riot elïmi nate. the potent la' of arț outbreak. Let ha I Vi ws Necrosis. Take AIR Root Rot. Large Patch. Sphaeropsis Gail, Fusarium \N’iIt, Ga noderma Nutr Rot , LeahaI Bronzing B Bothr yospfiaeria Ca nker a•e en tire\y esc \uded
fro m this Contract. Crrrable dicea se treat ments wiII De pro posed at reque st from Owner.

inil a • i oJ :
.’.’:•' ć.' '‹. ‹ ': ›: Contractor sh all perform a rou tine mo nthIy m aJnteuance inspection of the irrigatio n syste m con listing of th e 'I allowing: Act ivate anó inspect each zo ne of the existing syste m, visua Ivy irrspec t serf ace fcir leaks. adjust a nd zlean sprinkler heads whe re neeóed & inspect control valves and va Ice bcøies.
7. '.v:' '.r '‹:': '°.:-,' : I ' '•.' ::. : Adjust controller to the +oaLeri ng r+eeds and in accri rda me with state a nd IocaJ ordin ar+ces as diceated by site condition s.
AII p arts needed ß maint a in function atity of the system wiki be pńoposeó whe n exceed ing ȘSf@.û•û. AII repairs made. undg r $ TOO.00 wiI* be scredu ed as óisc ouered. Owner a uthorïz es all rgpairs unóer this thr esnold as
pa rt ot tfii s Cootr act. This ïs a per service thre shoId. not cumulat:we. For alI repair s i n excess of $50Ò.CIO. work
wil I not ‹omme nce until signed off by a n auth a rizeó repr eve ntative of the Owner.Irrigation se rvice calls regu ired between schedu leó visits wil I be bflled on a tïme a nd m ate•i al basfs umess otherwise agreed upon by Owne r &: Co itr actor. Emerge ncy service ca Ils. defineó as re p ai•s that are not withi n uaa rma I op erati ng hours [Monday through I- rióay 8:û•ûa m -4:00pm) and on Koi idays. wïTI be bïlled on a time and material bas+s but at time a nd a h alf rate. Wnere is a m inim um $2fXLû•û service fee which incluóes the first 2 hours of

By state law. any rain sensors found tri be in n-a n -working a nder wiI4 be re placed as Oømer's e¥ per+se . Contractor shall not be respons\b le for the m ainterian ce or performance of the wate r sòu rce. Contractor ïs not responsib le ńor tne ava i\aDi lits aI water or the q ua liry of wate r which re suits in incuff?•cient vol ume.

Juniper Land	pms of I ianda 'LC • sJ1 N fighway /g • Pan ama fiity Beach; I L 3241y

ease

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press ure, or ence ssive cloggi ng of nazzTes and filters. In instances where poor water quality diminishe s the performance of the system, Contractor will propane remedy. Cont raptor will not be liable For damages a s a result insufF+rie nt water vo lume, pressure or quality. In extre me cases, it may h'e r+ecessary m increase the number of ‹ontractual wet ‹hecks to kee p up Jrfith the obs£rurtions in the syste m. Cor+t ractor shall pe rform a fr+It irrigation audit for the purpose of oudgetir+g OnB term repairs and renovations at Owne 0s request and expense.

Jvn''perS'y nr: Tf ofIered by Con£racto r and elected by Owner, Contras to r wilI provide property specific a cce ss to and t raining for web-based CIient Por£aT for the p urp ose of ma •e!8B8 88 tra cking service ri‹ket requests. Thirty (30}days afte r Contra ct commenzemen\ Own e r &
Co n£ractor wiIT e sta b lis h protoco Is fa r workflow and ap p rova I aI ma rio us types of service tickets. Co n£ractor wiIT not be liable for da mages occurring Tro m Ow ne r delays in se rvice aut ho rizations. Jf offe red ay Contractor and eTected by Owner. Contractor wilI provide a de dieaxed C ustamer Be rvice
repress ntalive and phone num ber for coli ing in ser vice ticketñ.

conrractor doe s not aut horize users £o c rea te ser¥ ice ticfiets for weITness ‹hecks to irriga tio n system outziae of Efi e norm al wet ‹hecj rota £ion scheduTe. !/g elTne ss checks are part pf the routine mo nt Iy m air+te n ance t hese service tickets +uiIT be cTosed w itho ut a ct ian unTe ss u ser pfi+oto document¿ the dama ge or break in £he *e rvi‹e request. No rm al sea so nad dry conóir\o ńs óo not ‹on sti£u£e a se rvice requesK Service £i‹kets that result in co nfirmation oT irrigation Tunztional ity wIII re suT£ in a Dilla ble trip charge of one (I[ hour whe n performed outside o T Co nt racted w et z hey sche dule.

Se rvice tic kets w ill be addressed on a p rio rity ba sis . Priority is d eterm ined' as threat to safety first. th rea t to property da m age se co nd. and aI\ othe re t hird. Tt is t he res pa nsibil icy of the Owne r and its repr ese ntat:ive s to e nfor‹e adhere nce to Contra ctor's palicy on I:his service No r ir to be
b-eneficial and a ffe ct ive. Contra c£or w ill gost seasonaI bu wet ins on what u se rs sfiouId expect to see to curt a ii service t ickets No r nor madly occ urring iss ues.

5t -net arc C usI o me r See v ice T\cke •*: For all p rope rt iés not e nrol led in unip e rsync. Contractor wilI prou ide a genera I c ustomer sernice co nEact

Juriiper I\ la npink : If e lecte d by Owne r, €ontr act or u/iIT provide initia I art:ho -masa ie dro ne ma p ima ging to do‹u me nt the e nt ire prope ray p riot to contra cv commencement and aga in at a
fre que ncy agreed upo n, by Ow ner a nd Contr act a r, to m easure the im provement to the property und e r Con tr act or°s care. These do‹u me rite can be u sed a s a b ase layer to ge ne rate other
do-r ume nLe for  the  progerzy in‹ luding, b ut not Tim ited ro. irrigat ion ma p s, free su r veys, se rvice sche dules. dra ina ge flo w and other Iay era not assoc ia ced w ith Iandscape ser vices Such as signage. roof. da m age and st reet a nd pave r rep a ir. Add itiona I war k to cre ate these layers a nd re pa rEs are not
include d in the Contr act un4esñ at h erwise aBre ed upon by Owner & C ontr azt a r.

Non-ContracaJaT la rvicas.
UnIsus otharwiue agreed upon. in writing , by Owner & Con'rantor. fheue se tvices include. UuI anu not limited

Juniper Landscaplng of I lorida POL • BI1 N nighway 7s • Panama City Beach,

Page	B/a

c‹xrtract+>-

eia r+gm lo mals ca«b”aet or sbon servien anar o+mar a o«”iy ‹aoj aaya past ara. i

en e«antd a d@ut• on	cadeg wnHces. Unda- a Bernat ia

porre!W o na‹d jvymont

reparar aa in tfa r<xxa. a. m i«e rw eaaaon peíos axgiras ar›a aun<a	a» ara r<z ca rauea. mn« may o«d lar rra«ation nos«e oy carrera meii. Tamii«uau stuB to aeeciiva ei«ty ‹aj days ae‹ar nazi of
tarr«aion nat*a In in	I of a mid-@-m corr art terminata« ¢h«na- agrass a pay far servlaes març

M km of ne li	bglm atJ”unó ra ase

for corrvm arxm to Be On.

do not have a n au foma•ic irrigafion system supplying s upplewntal wa ter. fl'arranty is not va lid for fail ure sf water or poa'er supply . Juniper is net rasponsi bIu fo+ da make fa non-located iJnderlgrou nd. Junipei
ma in mining a prop-arty , alone. does net con sfifti•e wa rran fyd i ssues on 'hat pro[:'erfy.
Fees an d Costs.

In the event of a pa yme n4 oe fauIt, Owner shall be responsible far payrng ftie mls  Con'rantor innu ns to collec• arry unpaid ba larine. ink:Iuoing tiut not limileo to, attorney's 'er  and csu+• costu. Pas” due , uma IU tia la nce shall ancrue inIereu\ at Ge highesf lawful ra la sp@f iefi in the G lorida u4aIJJ•e s umil paid in fuM.

Ju nlqer Fandmplng of I lorisla £i'f' • si 1 b1 fiilghway 79 • Hanam a +''ity Beaef ,
£L 324I3
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Page	7f8

PAYMENT KŁI£DULE

SSH EDULE

PRICE
$9,30Z.33
$9.303.33
$9.30Z.33
$9.303.33
$9.30Z.33
$9.30Z.34
$9.30Z.33
$9.30Z.34
$9.30Z.33 S9.30Z.34
$9,30Z.33
$9.30Z.34
site.no.¢o

SALESTAX
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$0.III
$0:ûLI
$0.III
$0.III
$0.ŒÏ
$0.0g
$0.fAÏ
$0.III S0.ŒÏ
$0.ŒÏ
$0.III
So.æ

TOTAL PRIŒ S9.303.3Z S9.303.3Z S9.3D3.33 S9.303.33 S9.3D3.3Z S9.303.3• Ss.303.3Z S9.3D3.M
S9.303.3Z Ss.30z.> S9.303.3Z S9.3D3.3d
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ALYS BEACH
IRRIGATION INFRASTRUCTURE EXHIBIT

Tab 9

AGREEMENT BETWEEN THE SOMERSET COMMUNITY DEVELOPMENT DISTRICT AND DUNE DOCTORS, LLC, FOR DUNE MAINTENANCE SERVICES

THIS AGREEMENT (“Agreement”) is made and entered into this 1st day of October 2026 by and between:

Somerset Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Walton County, Florida, and whose mailing address is 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614 (the “District”); and

Dune Doctors, LLC, a Florida limited liability company, with a mailing address of 1501 North Avenue, Pensacola, Florida 32503 (hereinafter “Contractor,” together with District the “Parties”).

9th

RECITALS

WHEREAS, the District is a local unit of special-purpose government established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes (the “Act”), by ordinance adopted by Walton County, Florida; and

Whereas, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

Whereas, the District desires to enter into an agreement with an independent contractor to provide dune maintenance services for certain coastal lands within the District; and

WHEREAS, Contractor submitted a proposal dated August 11, 2026 and represents that it is qualified, licensed, and certified as required by applicable law to provide dune maintenance services and has agreed to provide to the District those services identified in the “Dune Management Phase 4 – Annual Maintenance Program,” of Exhibit A, attached hereto and incorporated by reference herein, to the areas identified on Exhibit B and incorporated by reference herein (the “Services”); and

Whereas, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.

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

Section 1.

Incorporation of Recitals. The recitals so stated are true and correct

and by this reference are incorporated into and form a material part of this Agreement.

Section 2.

Description of Work and Services.

A.

The  District  desires  that  the  Contractor  provide  professional  dune

maintenance services in compliance with all applicable federal, state, and local laws, regulations,

and permits, including but not limited to Florida Department of Environmental Protection requirements, and within presently accepted dune protection services industry standards. Upon all Parties signing this Agreement, the Contractor shall provide the District with the Services identified in the “Dune Management Phase 4 – Annual Maintenance Program,” of Exhibit A.

B.

While providing the Services, the Contractor shall assign such staff as may

be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services.

C.

The Contractor shall provide the Services as shown in Section 3 of this

Agreement. Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the reasonable satisfaction of the District.

D.

This Agreement grants to Contractor and its employees, agents, and

subcontractors the right to enter the lands that are subject to this Agreement, for those purposes

described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, and regulations. Contractor shall be responsible for obtaining all necessary permits, approvals, and authorizations required for the Services, including but not limited to any permits required by the Florida Department of Environmental Protection or local authorities having jurisdiction.

SECTION 3. SCOPE OF DUNE MAINTENANCE SERVICES. The Contractor will provide dune maintenance services for the District. The duties, obligations, and responsibilities of Contractor are to provide the material, tools, skill and labor necessary for the Services identified in the “Dune Management Phase 4 - Annual Maintenance Program,” of Exhibit A. To the extent any of the provisions of this Agreement are in conflict with the provisions of Exhibit A, the provisions of this Agreement shall control. Contractor acknowledges that it has reviewed and is familiar with all site conditions and regulatory requirements applicable to the Services.

Section 4.

Manner of Contractor’s Performance. The Contractor agrees, as

an independent contractor, to undertake work and/or perform such Services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with recognized dune maintenance industry standards. The performance of the Services by the Contractor under this Agreement and related to this Agreement shall conform to any reasonable written instructions issued by the District.

A.

Should any work and/or Services be required which are not specified in this

Agreement or any addenda, but which are nevertheless reasonably necessary for the completion of Services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

B.

The Contractor agrees that the District shall not be liable for the payment of any

work or Services not included in Section 3 unless the District, through an authorized representative of the District, authorizes the Contractor, in writing, to perform such work or provide such Services.

C.

The District shall designate in writing a person to act as the District’s representative

with respect to the Services to be performed under this Agreement. The District’s representative shall have complete authority to transmit instructions, receive information, interpret and define the

District’s policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Contractor’s Services.

(1)
representative.

The District hereby designates the District Manager to act as its

(2)

Upon request by the District Manager, the Contractor agrees to meet with

the District’s representative to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement.

(3)

Upon request by the Contractor, the District representative agrees to meet

with the Contractor to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement.

D.

Contractor shall use all due care to protect the property of the District, its residents,

and landowners from damage. Contractor agrees to repair any damage resulting from Contractor’s activities and work within twenty-four (24) hours.

E.

Contractor agrees to attend regularly scheduled meetings of the District's Board of

Supervisors (“Board”) upon reasonable advance notice of at least five (5) business days, either in-

person or remotely via videoconference or teleconference as determined by the District. Contractor shall provide comprehensive written reports within ten (10) business days following completion of each quarterly maintenance visit to the District's Board. Such reports shall include, at minimum:
(i) a detailed description of all Services performed during the quarterly visit; (ii) photographic documentation of work completed; (iii) identification of any issues, concerns, or recommended actions; (iv) assessment of overall dune conditions and health; (v) documentation of compliance with all applicable permits and regulatory requirements; (vi) weather conditions or other factors that may have impacted service delivery; and (vii) any deviations from the planned scope of work and the reasons therefor. The Contractor's designated representative shall be available to present such reports at Board meetings and respond to questions from Board members regarding the Services performed.

Section 5.

Warranty and Covenant. The Contractor warrants to the District that

all materials furnished under this Agreement shall be new, and that all services and materials shall be of good quality, free from faults and defects. The Contractor hereby warrants any materials

and Services identified in Section 2 above against failure of those materials for a period of twelve
(12) months after acceptance by the District or longer as required under Florida law. With respect to any and all plant material provided pursuant to Section 2, all plant material shall be guaranteed to be in a satisfactory growing condition and to live for a period of twelve (12) months from

planting except plants damaged by acts of God, plants subjected to extreme weather conditions, or for annuals, which will be replaced seasonally. All plants that fail to survive under the guarantee shall be replaced as they fail with the same type and size as originally specified. Contractor further warrants to the District those warranties which Contractor otherwise warrants to others and the duration of such warranties is as provided by Florida law unless longer guarantees or warranties are provided for elsewhere in the Agreement (in which case the longer periods of time shall prevail). Contractor shall replace or repair warranted items to the District’s reasonable satisfaction and in the District’s reasonable discretion. Neither final acceptance of the Services, nor final payment therefore, nor any provision of the Agreement shall relieve Contractor of responsibility for defective or deficient materials or Services. If any of the Services are found to be defective, deficient or not in accordance with the Agreement, Contractor shall correct, remove and replace it promptly after receipt of a written notice from the District and correct and pay for any other damage resulting there from to District property or the property of landowners within the District.

Contractor hereby covenants to the District that it shall perform the Services: (i) using its best skill and judgment and in accordance with generally accepted professional and design standards and practices for projects of similar design and complexity as the development occurring within the District; (ii) in compliance with all applicable federal, state, county municipal, building and zoning, land use, environmental, public safety, non-discrimination and disability accessibility laws, codes, ordinances, rules and regulations, including, without limitation, all professional registration (both corporate and individual) for all required basic disciplines that it shall perform; and (iii) in an expeditious and economical manner consistent with the best interest of the District. Contractor hereby covenants to the District that any work product of the Contractor shall not call for the use nor infringe any patent, trademark, services mark, copyright or other proprietary interest claimed or held by any person or business entity absent prior written consent from the District.

Section 6.

Compensation; Term.

A.

As compensation for the Services described in this Agreement and subject to

satisfactory performance and completion of the Services, the District agrees to pay the Contractor an amount not-to-exceed One Hundred Fifty-Four Thousand Nine Hundred Twenty-Four Dollars and Sixty Cents ($154,924.60) annually for the initial term, based on the following schedule:

Due Upon Completion of Quarter One Maintenance Visit: Due Upon Completion of Quarter Two Maintenance Visit: Due Upon Completion of Quarter Three Maintenance Visit: Due Upon Completion of Quarter Four Maintenance Visit:

$92,463.85
$20,820.23
$20,820.25
$20,820.27

The term of this Agreement shall be November 1, 2026, through October 31, 2027 (the “Initial Term”). Thereafter, this Agreement shall automatically renew for additional one (1) year terms (each a “Renewal Term”) at the same compensation rate as the immediately preceding term, unless either party provides written notice of non-renewal to the other party at least sixty (60) days prior to the end of the then-current term, or unless terminated earlier by either party in accordance with the provisions of this Agreement. Any changes to the compensation rate for a Renewal Term must be agreed to in writing by both parties and executed as an amendment to this Agreement prior

to the commencement of such Renewal Term. In the absence of such written agreement, the compensation rate shall remain the same as the immediately preceding term.

B.

If the District should desire additional work or Services, or to add additional areas

to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional

work or Services. Upon successful negotiations, the Parties shall agree in writing to an, addendum, addenda, or change order to this Agreement. The Contractor shall be compensated for such agreed additional work or Services based upon a payment amount acceptable to the Parties and agreed to in writing.

C.

The District may require, as a condition precedent to making any payment to the

Contractor that all subcontractors, materialmen, suppliers or laborers be paid and require evidence,

in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit relating to the payment of said indebtedness. Further, the District shall have the right to require, as a condition precedent to making any payment, evidence from the Contractor, in a form reasonably satisfactory to the District, that any indebtedness of the Contractor, as to services to the District, has been paid and that the Contractor has met all of the obligations with regard to the withholding and payment of taxes, Social Security payments, Workmen’s Compensation, Insurance Premiums, Unemployment Compensation contributions, and similar payroll deductions from the wages of employees.

D.

The Contractor shall maintain records conforming to usual accounting practices.

Within ten (10) business days following the end of each quarterly site visit, the Contractor shall

invoice the District for all Services performed in the prior quarter and any other sums due to the Contractor. The District shall pay the invoice amount within thirty (30) days after the invoice date. The Contractor may cease performing Services under this Agreement if any payment due hereunder is not paid within thirty (30) days of the invoice date. Each monthly invoice will include such supporting information as the District may reasonably require the Contractor to provide.

Section 7.

Insurance.

A.
insurance:

The Contractor shall maintain throughout the term of this Agreement the following

(1)
of Florida.

Worker’s Compensation Insurance in accordance with the laws of the State

(2)

Commercial General Liability Insurance covering the Contractor’s legal

liability for bodily injuries, with limits of not less than $1,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:

(i)

Independent Contractors Coverage for bodily injury and property

damage in connection with any subcontractors’ operation.

(3)

Employer’s Liability Coverage with limits of at least $1,000,000 (one

million dollars) per accident or disease.

(4)   Automobile Liability Insurance for bodily injuries in limits of not less than
$1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the Contractor of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

B.

The District, its staff, and supervisors shall be named as additional insured. The

Contractor shall furnish the District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida.

C.

If the Contractor fails to have secured and maintained the required insurance, the

District has the right but not the obligation to secure such required insurance in which event the Contractor shall pay the reasonable cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Section 8.

Indemnification.

A.  Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, and paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered by the Court having jurisdiction of the claim.

B.

Contractor agrees to indemnify and hold harmless the District and its officers,

agents and employees from any and all liability, claims, actions, suits or demands by any person,

corporation or other entity for injuries, death, property damage or of any nature, arising out of, or in connection with, the work to be performed by Contractor, including litigation or any appellate proceedings with respect thereto. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in Section 768.28, Florida Statutes, or other statute.

C.

In no event, however, shall Contractor be liable for incidental, special, punitive or

exemplary damages in connection with this Agreement, even if notice was given of the possibility of such damages and even if such damages were reasonably foreseeable.

Section 9.

Limitations on Governmental Liability. Nothing in this Agreement

shall be deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set forth 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 such limitations of liability or by operation of law.

Section 10.	Compliance with Governmental Regulation. The Contractor shall
keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If the Contractor fails to notify the District in writing within ten (10) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or materialmen, or with respect to terms, wages, hours, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency within ten (10) days after receipt of any such notice, order, request to comply notice, or report of a violation or an alleged violation, which is not challenged by the Contractor, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Section 11. Liens and Claims. The Contractor shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. The Contractor shall keep the District’s property free from any materialmen’s or mechanic’s liens and claims or notices in respect to such liens and claims, which arise by reason of the Contractor’s performance under this Agreement, and the Contractor shall immediately discharge any such claim or lien. In the event that the Contractor does not pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof, the District, in addition to any and all other remedies available under this Agreement, may terminate this Agreement to be effective immediately upon the giving of notice of termination.

Section 12.	Default and Protection Against Third Party Interference. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement.

Section 13. Custom and Usage. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the District in refraining from so doing; and further, that the failure of the District at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

Section 14. Successors. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.

Section 15.	Termination. The District agrees that the Contractor may terminate this Agreement with cause by providing thirty (30) days’ written notice of termination to the District

stating a failure of the District to perform according to the terms of this Agreement; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may terminate this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide thirty (30) days’ written notice of termination without cause. Upon any termination of this Agreement, the Contractor shall be entitled to payment for 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 the Contractor.

Section 16.	Permits and Licenses.

All permits and licenses required by any

governmental agency directly for the District shall be obtained and paid for by the District. All other permits or licenses necessary for the Contractor to perform under this Agreement shall be obtained and paid for by the Contractor.

SECTION 17. ASSIGNMENT. Neither the District nor the Contractor may assign this Agreement without the prior written approval of the other. Any purported assignment without such approval shall be void.

SECTION 18. INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the Contractor shall be acting as an independent contractor. Neither the Contractor nor employees of the Contractor, if there are any, are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the performance of this Agreement. The Contractor shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement.

Section 19. Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

Section 20. Enforcement of Agreement. A default by either Party under this Agreement shall entitle the other Party to all remedies available at law or in equity. In the event that either the District or the Contractor is required to enforce this Agreement by court proceedings or otherwise, then the prevailing Party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 21. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement. None of the provisions of Exhibits A and B shall apply to this Agreement and Exhibits A and B shall not be incorporated herein, except that Exhibits A and B are applicable to the extent that they state the scope of Services for the labor and materials to be provided under this Agreement. This Agreement replaces any and all previous dune maintenance services agreements entered into

between the Parties.

Section 22. Amendments. 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 Parties.

Section 23.	Authorization.

The execution of this Agreement has been duly

authorized by the appropriate body or official of the Parties, the Parties have complied with all the

requirements of law, and the Parties have full power and authority to comply with the terms and provisions of this Agreement.

SECTION 24. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notice” or “Notices”) shall be in writing and shall be hand delivered, mailed by First Class Mail, postage prepaid, or sent by overnight delivery service, to the Parties, as follows:

A.

If to District:

Somerset Community Development District c/o Rizzetta & Company, Inc.
3434 Colwell Avenue, Suite 200
Tampa, Florida 33614 Attn: District Manager

With a copy to:

Kutak Rock LLP
107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel

B.

If to the Contractor:

Dune Doctors, LLC 1501 North 9th Avenue Pensacola, Florida 32503
Attention: Frederique Beroset

With a copy to:

Strawcutter Law, P.A.
1540 International Parkway, Suite 200 Lake Mary, Florida 32746
Attn: Richard Withers

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 Contractor may deliver Notices on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the 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 in this

Agreement.

Section 25. Third Party Beneficiaries. This Agreement is solely for the benefit of the Parties hereto 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 Parties hereto 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 Parties hereto and their respective representatives, successors, and assigns.

Section 27. Controlling Law and Venue. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. All actions and disputes shall be brought in the proper court and venue, which shall be Walton County, Florida.

SECTION 28. COMPLIANCE WITH PUBLIC RECORDS LAWS. Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Contractor agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Contractor acknowledges that the designated public records custodian for the District is Kim O’Mera (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Contractor 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 the Contractor 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 Contractor’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 the Contractor, the Contractor 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 THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO

THE

CONTRACTOR’S

DUTY

TO

PROVIDE

PUBLIC

RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN	OF	PUBLIC	RECORDS	AT	(850)	334-9055,

KOMERA@RIZZETTA.COM, OR 120 RICHARD JACKSON BLVD., SUITE 220, PANAMA CITY BEACH, FLORIDA 32407.

Section 29. 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.

Section 30. Arm’s Length Transaction. This Agreement has been negotiated fully between the Parties as an arm's length transaction. The Parties 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.

Section 31. Counterparts. This instrument may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

SECTION 32. E-VERIFY. The Contractor shall comply with and perform all applicable provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida Statutes, Contractor shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. Contractor shall maintain records of its verification efforts and provide proof of compliance to the District upon request. The District shall terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.095(2), Florida Statutes. By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

SECTION 33. COMPLIANCE WITH SECTION 20.055, FLORIDA STATUTES.  The Contractor
agrees to comply with Section 20.055(5), Florida Statutes, to cooperate with the inspector general in any investigation, audit, inspection, review, or hearing pursuant to such section and to incorporate in all subcontracts the obligation to comply with Section 20.055(5), Florida Statutes.

Section 34.	Statement Regarding Chapter 287 Requirements. Contractor
acknowledges that, in addition to all Laws and Regulations that apply to this Agreement, the following provisions of Florida law (“Public Integrity Laws”) apply to this Agreement:

Section 287.133, Florida Statutes, titled Public entity crime; denial or revocation of the right to transact business with public entities;
Section 287.134, Florida Statutes, titled Discrimination; denial or revocation of the right to transact business with public entities;
Section 287.135, Florida Statutes, titled Prohibition against contracting with scrutinized companies;

D. Section 287.137, Florida Statutes, titled Antitrust violations; denial or revocation of the right to transact business with public entities; denial of economic benefits; and
E. Section 287.138, Florida Statutes, titled Contracting with entities of foreign countries of concern prohibited.

Contractor acknowledges that the Public Integrity Laws prohibit entities that meet certain criteria from bidding on or entering into or renewing a contract with governmental entities, including with the District (“Prohibited Criteria”).

Contractor acknowledges that the District may terminate this Agreement if the Contractor is found to have met the Prohibited Criteria or violated the Public Integrity Laws.

Contractor certifies that in entering into this Agreement, neither it nor any of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, nor any affiliate of the entity, meets any of the Prohibited Criteria, and in the event such status changes, Contractor shall immediately notify the District. By entering into this Agreement, Contractor agrees that any renewal or extension of this Contract shall be deemed a recertification of such status.

Section 35. Anti-Human Trafficking Statement. The Contractor does not use coercion for labor or services as defined in Section 787.06, Florida Statutes, and the Contractor has complied, and agrees to comply, with the provisions of Section 787.06, Florida Statutes.

[signatures on following page]

IN WITNESS WHEREOF, the Parties hereto have signed and sealed this Agreement on the day and year first written above.

Attest:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

Chair/Vice Chair, Board of Supervisors

Witness:

DUNE DOCTORS, LLC

Print Name: 	

By:			 Its: 		

Exhibit A: Exhibit B:

Dune Doctors Proposal Service Area

Exhibit A

FL\¥AL_0ALYSBEACfLLD400t.I\0M026

-

encouraged new lower shoot groMh that will assist in later pruning cycles. twig elongation appears to stillbe optimal for the specles. and plant health appears to be very good. Based on these plant responses, this may allow for a slightly heavier pruning dose to be applied to targeted areas and plants on a case-6y-case basis. This includes e!ther a few selective larger diameter pruning cuts be utlllzecl and/or a few additional smaller diameter prunk›g cuts per plant.
Io addition to selectively thinning vertical growth. targeted spring maintenance pruning shall be perforn•<'rI to manage sfx›ot elongation and maintain the structural integrity of t!1e

A report including photos shah be provided after all trimming sessions.
lmplementlng1he trlmming In the winter has the followlng
benefits:
Lower phvsiolneiral s*n•ss: F'runing during dormancy allows the tree to conserve energy and redirect resources toward wound campartmentalizationbefore spring growth
Pedalcr•st and dls•ase pressure. Many pathogens and Insect vectors are less actlve in cooler months. towering the risk of InfecLlon.
lmpr+w•d owning outmmes: While foliage remains present, growth is slowed, allowing arborists la make mare deliberate structural decisions without interfering witb active shoot elongation and reducing the likelihood of epJcormic sprouting at the pruning site.
Pine straw shallbe addecl from the CCCL seawmd M-20 feet.
SEAWARD  SLOPE OF THE DUNE fEntireyellow
hiehlAted ar°a}’
QUARTEft ONE: November 2026 - Jgnuery 2027
Pruning of dead flower staB‹s
Removal of dead plant material

QUARTER TWO: February 2027 - Apr|l Z027
AcIdnion of flowers for beautlficatlon purposes throughout the dum'

Total Cost of Your Project: $154,924.60
Please sign and return this document as soon as possible: as no project activity, including reservation of plants, may progress without a signed Letter oT Agreement and the required down payment.
Dune Doctors. ŁLC is honored to be en\rusled to complete your i-oasłal erosiorl controf pro/ect. Should you have ques\ions or needs p\ease feel free to contacŁ us at ‹85Oy 939-7737: we will be more than happy to discuss your projecK AI Dune DoctorS, we looh forward to exceeding your expecfations and add‹ng you Eo our growing list of Sat‹sfied costomers.
Dune Doctors, LLC

Freder›que Berosel
Owner, MBA & MS B‹ology

DATE: August II. 2026

FLWAL_CALYSBEACH_L0400LJt0t2026

TERIXS

Due upon Completion of yuaner One Haintename visc:	|	6 uz,wJ.dv

Due upon Complahon of quarter Two Maintenance visit:	|	T• ZO,dZO.Z3

uue upon oompietlon o\ quaner I free Malmenance vislt:	|	s zu.szu.zs

Due upon Completion of Quarter Four Maintenance Visli:	|	5 2D,8ZO.Z7

Frederique@DuneDoctors.com

Requlred to schedule project

Dune Doctors LLC 1501 NorŁh 9th Avenue Pensacola. Florida 32503

Required to commance project

Total Project Cost: $154,924.60

gUARTER THREE: May 2027 - July 2027
- One tertil zalion event of the whole dune

QUARTER FOUR: August 2027 - October 2027 One IertiTizauon eveot of the whole dur+e Addition of flowers for beaut›ticat on purposes throughout the dune

CONDITIONS

Dune Doctors. LLC guarantees that over 9096 of our plants will be thrñ'ing at 90 days. Any Irrigation administer ed to our plants outside of the instruction provided by Dune Doctors, LLC will automatically void the guarantee. Irrigation stunts the development ol the plants” roots and accelerates erosion.
Dune Doctors. LLC does NOT warranty damage or destruction of work due to Act of God or negligence outside ol our control (examples include watering, foot traffic, storm damage and maintenance not per formed by Dune Doctors, LLC, etc.)
3 All proposals are val d for 90 days.
4. Dune Doctors” work does not guarantee the elimination of all storm-related damage, but endeavors ro be a naturaJ insurance policy to mitigate storm-impact to your property and potential special assessment costs.
Dune Doctors only installs high-quality plants. Depending on when you sign our contract, if we are replenishing our stock of plant s, it may take up to 90 days for the developing plants to be ready for installation, potentially delaying tne start ol the project.
6. A placement location for dumpsters shall be provided on Alys Beach property.

FLWAL_CALYSBEACH_L0400t_110t2026

Page $ ot S

Exhibit B

Tab 10

RESOLUTION 2026-08
[FY 2027 APPROPRIATION RESOLUTION]

THE  ANNUAL  APPROPRIATION  RESOLUTION  OF  THE  SOMERSET  COMMUNITY
DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Somerset Community Development District (“District”) prior to June 15, 2026, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed
a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such
public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in
accordance with Section 189.016, Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SOMERSET
COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.

BUDGET

a.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby
adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

b.

The Adopted Budget, as amended, shall be maintained in the office of the District
Manager and at the District’s Local Records Office and identified as “The Budget for the Somerset Community Development District for the Fiscal Year Ending September 30, 2027.”

c.

The Adopted Budget shall be posted by the District Manager on the District’s official
website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2.

APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2027, the sum(s) set forth
in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.

BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2027 or within 60
days following the end of the FY 2027 may amend its Adopted Budget for that fiscal year as follows:

a.

A line-item appropriation for expenditures within a fund may be decreased or increased
by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

b.

The District Manager or Treasurer may approve an expenditure that would increase or
decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

c.

Any other budget amendments shall be adopted by resolution and consistent with Florida
law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 1ST DAY OF SEPTEMBER 2026.

ATTEST:

SOMERSET COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary

Chair/Vice Chair, Board of Supervisors

Exhibit A:

FY 2027 Budget

Somerset Community Development District
www.somersetcdd.org

Proposed Final Budget for Fiscal Year 2026-2027

Presented by: Rizzetta & Company, Inc.

120 Richard Jackson Boulevard, Ste #220 Panama City Beach, FL 32407
Phone: 850-334-9055

rizzetta.com

Page

General Fund Budget for Fiscal Year 2026/2027

1

Reserve Fund Budget for Fiscal Year 2026/2027

4

Debt Service Fund Budget for Fiscal Year 2026/2027

5

Assessments Charts for Fiscal Year 2026/2027

6

General Fund Budget Account Category Descriptions

8

Reserve Fund Budget Account Category Descriptions

11

Debt Service Fund Budget Account Category Descriptions

12

Table of Contents

1

Comments

Assumes 6 meetings in FY27.

In line with proposed changes.

In line with proposed changes.

In line with proposed agreement for FY26-28

In line with proposed changes.

In line with engagement for FY23-27

No changes, in line with agreement.

Maintained at the same rate.

In line with proposed changes.

Payable annually to the State, remains consistent.

In line with proposed changes.

In line with prior year actuals.

Not budgeting for this line.

In line with Egis projections for FY27

In line with projections.

In line with proposed changes.

Proposed Budget
Somerset Community Development District
General Fund Fiscal Year 2026/2027

Actual YTD	Projected Annual	Annual Budget for	Projected Budget	Budget for	Budget Increase Chart of Accounts Classification	through 07/31/26		Totals 2025/2026		2025/2026		variance for		2026/2027		(Decrease) vs
2025/2026	2025/2026

1

2

ASSESSMENT REVENUES

3

4

Special Assessments

5

Tax Roll*

$	759,266

$	759,266

$	730,585

$	28,681

$	975,620

$	245,035

6

Off Roll*

$	227,668

$	227,668

$	227,667

$	1

$	250,890

$	23,223

7

8

Assessment Revenue Subtotal

$	986,934

$	986,934

$	958,252

$	28,682

$	1,226,510

$	268,258

9

10

OTHER REVENUES

11

Interest Earnings

$	7,050

$	8,460

$	-

$	8,460

$	-

$	-

12

Miscellaneous Revenue

$	21,297

$	21,297

$	-

$	21,297

$	-

$	-

13

14

Other Revenue Subtotal

$	28,347

$	29,757

$	-

$	29,757

$	-

$	-

15

16

TOTAL REVENUES

$	1,015,281

$	1,016,691

$	958,252

$	58,439

$	1,226,510

$	268,258

17

*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.

18

19

EXPENDITURES - ADMINISTRATIVE

20

21

Legislative

22

Supervisor Fees

$	4,200

$	5,040

$	6,000

$	960

$	6,000

$	-

23

Financial & Administrative

24

Accounting Services

$	18,400

$	22,079

$	22,079

$	-

$	22,962

$	883

25

Administrative Services

$	5,461

$	6,554

$	6,554

$	-

$	6,816

$	262

26

Arbitrage Rebate Calculation

$	-

$	500

$	500

$	-

$	500

$	-

27

Assessment Roll

$	6,292

$	6,292

$	6,292

$	-

$	6,544

$	252

28

Auditing Services

$	4,000

$	4,000

$	3,900

$	(100)

$	4,100

$	200

29

Disclosure Report

$	1,250

$	1,500

$	1,500

$	-

$	1,500

$	-

30

District Engineer

$	18,597

$	32,122

$	36,000

$	3,878

$	36,000

$	-

31

District Management

$	62,118

$	74,541

$	74,541

$	-

$	77,523

$	2,982

32

Dues, Licenses & Fees

$	175

$	175

$	175

$	-

$	175

$	-

33

Financial & Revenue Collections

$	5,243

$	6,292

$	6,292

$	-

$	7,744

$	1,452

34

Legal Advertising

$	535

$	5,454

$	2,500

$	(2,954)

$	3,710

$	1,210

35

Miscellaneous Fees

$	-

$	-

$	250

$	250

$	-

$	(250)

36

Public Officials Liability Insurance

$	3,922

$	4,706

$	4,163

$	(543)

$	4,314

$	151

37

Trustees Fees

$	4,041

$	4,041

$	4,200

$	159

$	4,200

$	-

38

Website Hosting, Maintenance, Backup

$	6,250

$	7,500

$	7,500

$	-

$	7,620

$	120

39

Legal Counsel

2

Comments

Maintained at the same rate.

In line with projections for FY26, , allowance for new meters as additonal dev is completed.

In line with projections for FY26, allowance for new meters as additonal dev is completed.

New Line Item: Amount budgeted for structural monitoring and system inspection.

For repairs & maintenance of stormwater system not within the roads/streets. Allowance for minor repairs & maintenance not related to Reserve projects.

In line with agreement, monitor through final as digital well readers are installed.

In line with Egis projections for FY27

In line with projections, monitor through final.

New Line Item: Amounts allocated to well reading equipment, software, and other related expenses. Monitor through final.

New Line Item: Moved budget amounts from Stormwater System Maintenance litem. Agreement for monitoring Lake Marilyn water quality and allowance for as-needed aquatic treatments.

In line with projections & prior year actuals. FY26 projections include one-time unplanned repairs not expected to repeat in FY27.

Based on projected annual totals with contingency to capture heavy irrigation months.

In line with agreement.

No changes in FY27.

Budgeting for up to two trimmings (October & April) and up to one systemic injection, plus continency for fronds

Maintained at the same rate.

Maintained at the same rate. Monitor through final.

Maintained at the same rate.

Budgeting for refinishing, pest control, fixtures, and bulb replacements.

Amount budgeted for potential sargassum removal & studies.

In line with projections. Portion of YTD Actual was reimbursed by landowner.

Amount budgeted for unforseen expenditures.

Proposed Budget
Somerset Community Development District
General Fund Fiscal Year 2026/2027

Actual YTD	Projected Annual	Annual Budget for	Projected Budget	Budget for	Budget Increase Chart of Accounts Classification	through 07/31/26		Totals 2025/2026		2025/2026		variance for		2026/2027		(Decrease) vs
2025/2026	2025/2026

40

District Counsel

$	17,666

$	21,199

$	35,000

$	13,801

$	35,000

$	-

41

42

Administrative Subtotal

$	158,150

$	201,996

$	217,446

$	15,450

$	224,708

$	7,262

43

44

EXPENDITURES - FIELD OPERATIONS

45

46

Electric Utility Services

47

Utility - Irrigation

$	29,074

$	34,889

$	34,000

$	(889)

$	36,500

$	2,500

48

Utility - Street Lights

$	4,403

$	5,284

$	3,900

$	(1,384)

$	7,300

$	3,400

49

Stormwater Control

50

Stormwater Monitoring

$	-

$	-

$	-

$	-

$	32,000

51

Stormwater System Maintenance

$	3,843

$	4,612

$	1,250

$	(3,362)

$	2,000

$	750

52

Other Physical Environment

53

Facility Management

$	83,810

$	100,572

$	100,572

$	-

$	100,572

$	-

54

General Liability Insurance & Property Insurance

$	26,086

$	26,086

$	29,305

$	3,219

$	26,090

$	(3,215)

55

NPDES Inspections

$	23,750

$	28,500

$	30,000

$	1,500

$	32,000

$	2,000

56

Pedestrian Path Lighting Maintenance

$	58,163

$	72,300

$	20,000

$	(52,300)

$	75,000

$	55,000

57

Water Management Monitoring & Reporting

$	-

$	-

$	-

$	-

$	2,500

$	2,500

58

Water Quality Monitoring & Testing

$	-

$	-

$	-

$	-

$	5,000

$	5,000

59

Well Maintenance

$	10,563

$	12,676

$	8,200

$	(4,476)

$	13,000

$	4,800

60

Landscape

61

Irrigation Maintenance & Repair

$	35,528

$	42,634

$	12,100

$	(30,534)

$	43,000

$	30,900

62

Irrigation System - Supply Pump Maintenance

$	23,558

$	29,554

$	27,000

$	(2,554)

$	35,200

$	8,200

63

Irrigation System - Feeder Pump Chemicals

$	56,200

$	67,440

$	55,000

$	(12,440)

$	76,000

$	21,000

64

Landscape Maintenance Contractural

$	97,445

$	116,934

$	107,700

$	(9,234)

$	111,640

$	3,940

65

Landscape Replacement - Plants, Shrubs, Palms, Sod

$	11,824

$	14,189

$	10,000

$	(4,189)

$	20,000

$	10,000

66

Landscape Tree Service

$	16,900

$	34,000

$	34,000

$	-

$	34,000

$	-

67

Lake/Pond Bank Maintenance & Repair

$	-

$	-

$	5,000

$	5,000

$	5,000

$	-

68

Road & Street Facilities

69

Crosswalk Maintenance

$	121

$	145

$	20,000

$	19,855

$	20,000

$	-

70

Slip Lane Maintenance

$	5,880

$	7,056

$	20,000

$	12,944

$	20,000

$	-

71

Street Light/Decorative Light Maintenance

$	4,389

$	5,267

$	7,500

$	2,233

$	8,500

$	1,000

72

Stormwater System Maintenance

$	6,225

$	7,470

$	1,000

$	(6,470)

$	5,000

$	4,000

73

Beachfront

74

Beach & Coastal Environmental Service

$	41,673

$	41,673

$	43,000

$	1,327

$	68,000

$	25,000

75

Dune Maintenance

$	159,682

$	189,142

$	165,000

$	(24,142)

$	217,500

$	52,500

76

Contingency

77

Miscellaneous Contingency

$	-

$	-

$	6,279

$	6,279

$	6,000

$	(279)

78

3

Comments

Proposed Budget
Somerset Community Development District
General Fund Fiscal Year 2026/2027

Actual YTD	Projected Annual	Annual Budget for	Projected Budget	Budget for	Budget Increase Chart of Accounts Classification	through 07/31/26		Totals 2025/2026		2025/2026		variance for		2026/2027		(Decrease) vs
2025/2026	2025/2026

79

Field Operations Subtotal

$	699,117

$	840,420

$	740,806

$	(99,614)

$	1,001,802

$	228,996

80

81

TOTAL EXPENDITURES

$	857,267

$	1,042,416

$	958,252

$	(84,164)

$	1,226,510

$	236,258

82

83

EXCESS OF REVENUES OVER EXPENDITURES

$	158,014

$	(25,725)

$	-

$	(25,725)

$	-

$	32,000

84

4

Comments

Project to be completed in FY26

Increase consolidates funding, including anticipated stormwater infrastructure repairs. Monitor through final.

Proposed Budget
Somerset Community Development District
Reserve Fund Fiscal Year 2026/2027

Actual YTD through	Projected Annual	Annual Budget for	Projected Budget	Budget for	Budget Increase Chart of Accounts Classification	07/31/26		Totals 2025/2026		2025/2026		variance for		2026/2027		(Decrease) vs
2025/2026	2025/2026

1

2

ASSESSMENT REVENUES

3

4

Special Assessments

5

Tax Roll*

$	539,027

$	539,027

$	539,027

$	0

$	666,870

$	127,843

6

Off Roll*

$	167,973

$	167,973

$	167,973

$	(0)

$	171,492

$	3,519

7

8

Assessment Revenue Subtotal

$	707,000

$	707,000

$	707,000

$	-

$	838,362

$	131,362

9

10

OTHER REVENUES

$	-

11

12

Balance Forward from Prior Year

$	-

$	-

$	-

$	-

$	-

$	-

13

14

Other Revenue Subtotal

$	-

$	-

$	-

$	-

$	-

$	-

15

16

TOTAL REVENUES

$	707,000

$	707,000

$	707,000

$	-

$	838,362

$	131,362

17

*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.

18

19

EXPENDITURES

20

21

Contingency

22

Capital Projects - Asset Review Projects

$	123,875

$	180,000

$	180,000

$	-

$	-

$	(180,000)

23

Capital Reserves

$	158,559

$	235,559

$	527,000

$	291,441

$	838,362

$	311,362

24

25

TOTAL EXPENDITURES

$	282,434

$	415,559

$	707,000

$	291,441

$	838,362

$	131,362

26

27

EXCESS OF REVENUES OVER EXPENDITURES

$	424,566

$	291,441

$	-

$	291,441

$	-

$	-

28

Walton County Collecction Costs (2%) and Early Payment Discounts (4%):

6.0%

GROSS ASSESSMENTS

Notes:
1. Tax Roll Collection Costs and Early Payment Discounts are 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

(1) Maximum Annual Debt Service less Prepaid Assessments received.

5

$1,024,984.04

Somerset Community Development District Debt Service
Fiscal Year 2026/2027

Chart of Accounts Classification	Series 2022 (Refunding)	Budget for 2026/2027

REVENUES

Special Assessments

Net Special Assessments (1)

$963,485.00

$963,485.00

TOTAL REVENUES

$963,485.00

$963,485.00

EXPENDITURES

Administrative

Debt Service Obligation

$963,485.00

$963,485.00

Administrative Subtotal

$963,485.00

$963,485.00

TOTAL EXPENDITURES

$963,485.00

$963,485.00

EXCESS OF REVENUES OVER EXPENDITURES

$0.00

$0.00

6

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

TOTAL O&M BUDGET	$2,064,872.00
COLLECTION COSTS @	2.0%	$43,933.45
EARLY PAYMENT DISCOUNT @	4.0%	$87,866.89 TOTAL O&M ASSESSMENT

LESS: Walton County Collection Costs (2%) and Early Payment Discounts (4%):	($131,800.34)

Net Revenue to be Collected:

(1) Reflects the number of total lots with Series 2022 debt outstanding.

(2) Assessments are allocated on an equal assessment per acre basis until lots are platted.

(3) Annual debt service assessment per lot adopted in connection with the Series 2022 bond issue. Annual assessment includes principal, interest, Walton County collection costs and early payment discounts.

(4) Annual assessment that will appear on November 2026 Walton County property tax bill. Amount shown includes all applicable collection costs and early payment discounts (up to 4% if paid early).

(5) Commercial square footage is represented in units of 1,000 square feet.

$2,064,872.00

PER LOT ANNUAL ASSESSMENT

SERIES 2022 (REFUNDING)
O&M (2)	DEBT SERVICE (2)(3)	TOTAL (4)

$2,628.38	$1,252.44	$3,880.82
$1,971.29	$939.33	$2,910.62

$2,628.38	$1,252.44	$3,880.82
$1,971.29	$939.33	$2,910.62

ALLOCATION OF O&M ASSESSMENT

TOTAL	% TOTAL		TOTAL EAU FACTOR	EAU's		EAU's	O&M BUDGET

1.00	637.00	76.22%	$1,674,280.92
0.75	27.79	3.33%	$73,048.06

1.00	150.00	17.95%	$394,257.67
0.75	20.96	2.51%	$55,085.68

835.75	100.00%	$2,196,672.34

170.96	20.46%	$449,343.36

664.79	79.54%	$1,747,328.98

UNITS ASSESSED

SERIES 2022 (REFUNDING)
LOT SIZE	O&M	DEBT SERVICE (1)

SINGLE & MULTI FAMILY	637	637
COMMERCIAL (5)	37.06	37.06

Total Platted

Unplatted
SINGLE & MULTI FAMILY	150	141
COMMERCIAL (5)	27.94	16.79
Total Unplatted Total Community

852	831.85

177.94	157.79

674.06	674.06

$2,196,672.34

7

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2026/2027 O&M Budget:	$2,064,872.00	2025/2026 O&M Budget:	$1,665,252.00
Collection Costs:	2%	$43,933.45	2026/2027 O&M Budget:	$2,064,872.00
Early Payment Discounts:	4%	$87,866.89

2026/2027 Total:	Total Difference:

Series 2022 Debt Service
Single Family
Operations/Maintenance

Series 2022 Debt Service
Commercial
Operations/Maintenance

Total

Total

Proposed Increase / Decrease
$	%

$0.00	0.00%
$508.67	24.00%

$508.67	15.08%

$0.00	0.00%
$381.51	24.00%

$381.51	15.08%

Per Unit Annual Assessment Comparison
2025/2026	2026/2027

$1,252.44	$1,252.44
$2,119.71	$2,628.38

$3,372.15	$3,880.82

$939.33	$939.33
$1,589.78	$1,971.29

$2,529.11	$2,910.62

Lot Size	Assessment Breakdown

$399,620.00

$2,196,672.34

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of
$200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles, and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for the management and administration of the District’s day-to-day needs. These services include the conducting of board meetings, workshops, the overall administration of District functions, all required state, and local filings, preparation of the annual budget, purchasing, risk management, preparing various resolutions, and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

8

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to prepare, maintain and certify the assessment roll(s) and annually levy a non-ad Valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services of the Collection Agent include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance obligations. The Collection Agent also maintains and updates the District’s lien book(s) annually and provides for the release of liens on the property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Public Officials Liability Insurance:	The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

9

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, well and lift station pumps and equipment, street lighting, safety lighting, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as street lighting, etc.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Landscape Tree Service: The District may incur expenditures to maintain the trees within the District. These services included but are not limited to pruning, treatment, removal, and replacement.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

10

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Facility Management:	The District may contract with a firm to provide maintenance oversight of its infrastructure.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Miscellaneous Fees: Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

11

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.

12

Tab 11

RESOLUTION 2026-09
[FY 2027 ASSESSMENT RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SOMERSET COMMUNITY
DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2027 ADOPTED BUDGET(S); PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Somerset Community Development District (“District”) is a local unit of special-
purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District, located in Walton County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and
provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget
through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to
adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SOMERSET
COMMUNITY DEVELOPMENT DISTRICT:

1.  FUNDING.	The District’s Board hereby authorizes the funding mechanisms for the
Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

2.  OPERATIONS AND MAINTENANCE ASSESSMENTS.

a.  Benefit Findings. The provision of the services, facilities, and operations as
described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibit A and Exhibit B and is hereby found to be fair and reasonable.

b.  O&M Assessment Imposition. Pursuant to Chapter 190, Florida Statutes, a
special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

c.	Maximum Rate. Pursuant to Section 197.3632(4), Florida Statutes, the lien
amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

3.

DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection
the FY 2027 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.

4.

COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.  Pursuant to Chapter 190,
Florida Statutes, the District is authorized to collect and enforce the Assessments as set forth below.

a.

Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those
certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.

b.

Direct Bill Assessments. To the extent indicated in Exhibit A and Exhibit B, those
certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on “Direct Collect Property” identified in Exhibit B shall be collected directly by the District in accordance with Florida law, as set forth in Exhibit A and Exhibit B. The District’s Board finds and determines that such collection method is an efficient method of collection for the Direct Collect Property.

i.  Due Date (O&M Assessments). O&M Assessments directly collected by
the District shall be due and payable in full on December 1, 2026; provided, however, that, to the extent permitted by law, the O&M Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2026, 25% due no later than February 1, 2027, and 25% due no later than
May 1, 2027.

ii.

Due Date (Debt Assessments). Debt Assessments directly collected by the
District shall be due and payable in full on December 1, 2026; provided, however, that, to the extent permitted by law, the Debt Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2026, 25% due
no later than February 1, 2027, and 25% due no later than May 1, 2027.

iii.

In the event that an Assessment payment is not made in accordance with
the schedule(s) stated above, the whole of such Assessment, including any remaining partial, deferred payments for the Fiscal Year: shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent Assessments shall accrue at the rate of any bonds secured by the Assessments, or at the statutory prejudgment interest rate, as applicable. In the event an Assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole Assessment, as set forth herein.

c.  Future Collection Methods. The District’s decision to collect Assessments by any
particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

5.

ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B,

is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection
methods provided above. The proceeds therefrom shall be paid to the District. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll.

6.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this

Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or
any part thereof.

7.

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this

Resolution by the Board.

PASSED AND ADOPTED this 1st day of September 2026.

ATTEST:

SOMERSET COMMUNITY DEVELOPMENT
DISTRICT

By:	

Secretary / Assistant Secretary

Its:	

Exhibit A:
Exhibit B:

Budget
Assessment Roll

Exhibit B:

Assessment Roll

Assessment Rolls can be requested via mail at the District Managers office located at:
3434 Colwell Ave, Suite 200, Tampa, FL 33614

Tab 12

DIRECT COLLECTION AGREEMENT
FY 2027

This Agreement (“Agreement”) is made and entered into effective as of October 1, 2026, by and
between:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government
established pursuant to Chapter 190, Florida Statutes (hereinafter “District”), is located in Walton County, Florida (“County”), and whose mailing address is District’s Manager, c/o Rizzetta & Company, Inc., 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614; and

EBSCO Gulf Coast Development, Inc., a Delaware corporation and the owner of certain property
located within the boundaries of the District (hereinafter, the “Property Owner,” and together with the District, “Parties”), and whose mailing address is 9581 East County Highway 30A, Bldg. 1, Alys Beach, Florida 32461. For purposes of this Agreement, Property Owner’s property is more particularly described in Exhibit A attached hereto (“Property”).

Recitals

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District was established for the purpose
of planning, financing, constructing, operating, and/or maintaining certain infrastructure, and is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District’s activities and services; and

WHEREAS, the Property will benefit from the timely construction and acquisition of the District’s
facilities, activities and services and from the continued operations of the District; and

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the Board of Supervisors (“Board”) of the District determined to undertake various operations and maintenance and other activities described in the District’s adopted budget (“Adopted Budget”); and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget
through the levy and imposition of special assessments on benefitted lands within the District, and, regardless of imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, pursuant to Resolution 2026-09 (“Annual Assessment Resolution”), the District’s
Board levied special assessments to fund the operations and maintenance of the Adopted Budget (“O&M Assessments”) in the amounts set forth in Adopted Budget and the assessment roll attached to the Annual Assessment Resolution (“Assessment Roll”), and set forth the method by which the O&M Assessments and the FY 2027 installment of the District’s previously levied debt service assessments (“Debt Assessment,” and together with the O&M Assessments, “Assessments”) shall be collected and enforced; and

WHEREAS, Property Owner agrees that the O&M Assessments, which were imposed on the lands
within the District, including the Property, have been validly imposed and constitute valid, legal, and binding liens upon the lands within the District; and

1

WHEREAS, pursuant to Florida law, the District certified the (i) portion of the Assessment Roll
related to certain “Tax Roll Property” to the County Tax Collector for collection in accordance with Chapter 197, Florida Statutes (“Uniform Method”) and (ii) portion of the Assessment Roll relating to the “Direct Collect Property” for direct collection by the District in accordance with Florida law; and

WHEREAS, as the Property is identified on the Assessment Roll as Direct Collect Property, the
District and Property Owner desire to arrange for the direct collection and direct payment of the District’s Assessments levied against the Property.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the
Parties, the receipt of which and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1.

RECITALS.	The recitals so stated are true and correct and by this reference are

incorporated into and form a material part of this Agreement.

2.

VALIDITY OF SPECIAL ASSESSMENTS. Property Owner agrees that the Assessments have

been validly imposed and constitute valid, legal, and binding liens upon the lands within the District,
including the Property. Property Owner hereby waives and relinquishes any rights it may have to challenge, object to, or otherwise fail to pay such Assessments.

3.

COVENANT TO PAY. Property Owner agrees to pay the Assessments attributable to the

Property, regardless of whether Property Owner owns the Property at the time such payment is due or
paid. Nothing herein shall prohibit Property Owner from prorating or otherwise collecting these Assessments from subsequent purchasers of the Property. The District shall send a bill to Property Owner on or about September 15, 2026, indicating the exact amount of the Assessment being certified for collection in FY 2027. The Assessments attributable to the Property shall be due and payable on the dates and in the amounts set forth in the Annual Assessment Resolution. The District’s decision to collect Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

4.

ENFORCEMENT. This Agreement shall serve as an alternative, additional method for

collection of the Assessments. This Agreement shall not affect the District’s ability to collect and enforce
its Assessments by any other method authorized by Florida law. Property Owner acknowledges that the failure to pay the Assessments may result in the initiation of a foreclosure action, or, at the District’s sole discretion, delinquent Assessments may be certified for collection on a future County tax bill. In the event that an Assessment payment is not made in accordance with the schedule stated above, the whole of such Assessment – including any remaining partial, deferred payments for FY 2027, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent Assessments shall accrue at the applicable rate of any bonds or other debt instruments secured by the Assessments, or at the statutory prejudgment interest rate, as applicable. In the event an Assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate legal proceedings pursuant to

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Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole Assessment, as set
forth herein.

5.

NOTICE.

All notices, requests, consents and other communications under this

Agreement, but excluding invoices (“Notices”) shall be in writing and shall be delivered, mailed by First
Class Mail, postage prepaid, or overnight delivery service, to the Parties, at the addresses set forth above. Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth in this Agreement. Notices delivered after 5:00p.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 Parties may deliver Notice on behalf of the Parties. Any Party or other person to whom Notices are to be sent or copied may notify the other Parties and addresses 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 addresses set forth in this Agreement.

6.

AMENDMENT. This instrument shall constitute the final and complete expression of the

Agreement between the Parties relating to the subject matter of this Agreement. 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 of the Parties hereto.

7.

AUTHORITY.

The execution of this Agreement has been duly authorized by the

appropriate body or official of all parties hereto, each Party has complied with all the requirements of law,
and each Party has full power and authority to comply with the terms and provisions of this Agreement.

8.

ASSIGNMENT. This Agreement may not be assigned, in whole or in part, by either Party

except upon the written consent of the other. Any purported assignment without such consent shall be
void.

9.

DEFAULT. A default by either Party under this Agreement shall entitle the other to all

remedies available at law or in equity, which shall include, but not be limited to, the right of damages,
injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement through the imposition and enforcement of a contractual or other lien on property owned by the Property Owner.

10.

ATTORNEYS’ FEES. In the event that either Party is required to enforce this Agreement

by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to
recover from the other all costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, or appellate proceedings.

11.

BENEFICIARIES. This Agreement is solely for the benefit of the formal parties herein and

no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party
not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns.

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12.

APPLICABLE LAW.

This Agreement and the provisions contained herein shall be

construed, interpreted and controlled according to the laws of the State of Florida.

13.

NEGOTIATION AT ARM’S LENGTH. This Agreement has been negotiated fully between

the Parties as an arm’s length transaction.  The Parties 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 the doubtful language will not be interpreted or construed against any party.

[SIGNATURES ON NEXT PAGE]

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IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written above.

Attest:

SOMERSET COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By: 	
Its: 	

EBSCO GULF COAST DEVELOPMENT, INC.,
A Delaware corporation

By: 	
Name: 	  Title: 	

Witness

EXHIBIT A

Description of the Property

5

Exhibit A
Description of the Property

6

7

Tab 13

RESOLUTION 2026-10

A  RESOLUTION  OF  THE  BOARD  OF  SUPERVISORS  OF  THE  SOMERSET
COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2025-2026; AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, the Somerset Community Development District (the “District”) is a local unit of
special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within Walton County, Florida; and

Whereas, the District is required by Section 189.015, Florida Statutes, to file quarterly,
semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

Whereas, further, in accordance with the above-referenced statute, the District shall also
publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

Whereas, the Board desires to adopt the Fiscal Year 2026-2027 annual meeting schedule
attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE
SOMERSET COMMUNITY DEVELOPMENT DISTRICT:

Section 1.

The Fiscal Year 2026-2027 annual meeting schedule attached hereto and

incorporated by reference herein as Exhibit A is hereby approved and shall be published in
accordance with the requirements of Florida law and provided to applicable governing authorities.

Section 2.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 1st day of September 2026.

ATTEST:

SOMERSET COMMUNITY DEVELOPMENT
DISTRICT

Secretary/Assistant Secretary

Chairperson, Board of Supervisors

4871-0895-3899.1

Exhibit A

BOARD OF SUPERVISORS MEETING DATES
SOMERSET COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025-2026

The Board of Supervisors of the Somerset Community Development District will hold their regular
meetings for Fiscal Year 2025-2026 at the Somerset Conference Room, located at 215 Nonesuch Way, Alys Beach, Florida 32461, at 2:00 p.m. Central Time unless otherwise indicated as follows:

Kim O’Mera
District Manager

4871-0895-3899.1

Thursday, October 1, 2026

2:00 p.m.

Thursday, December 3, 2026

2:00 p.m.

Thursday, February 4, 2027

2:00 p.m.

Thursday, April 1, 2027

2:00 p.m.

Thursday, June 3, 2027

2:00 p.m.

Thursday, August 19, 2027

2:00 p.m.

Tab 14

RESOLUTION 2026-11

A  RESOLUTION  OF  THE  BOARD  OF  SUPERVISORS  OF  THE
SOMERSET COMMUNITY DEVELOPMENT DISTRICT TO RESET

DATE,

TIME

AND

PLACE

OF

PUBLIC

HEARING

AND

AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE
PURPOSE OF ADOPTING RULES OF PROCEDURE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Somerset Community Development District (“District”) is a local unit of
special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, as amended; and

WHEREAS, the Board is authorized by Section 190.011(5), Florida Statutes, to adopt rules
and orders pursuant to Chapter 120, Florida Statutes.

WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted
Resolution 2026-04, setting the public hearing to consider the adoption of the District’s Revised Rules of Procedure, and set the hearing thereon for August 6, 2026, at 2:00 p.m. (CDT) at the Somerset Conference Center, 215 Nonesuch Way, Alys Beach, Florida 32461; and

WHEREAS, the Board desires to reset the public hearing to be held on date, time, and
location listed herein.

NOW,  THEREFORE,  BE  IT  RESOLVED  BY  THE  BOARD  OF
SUPERVISORS OF THE SOMERSET COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.

Resolution 2026-04 is hereby amended to reflect that the public hearing

to adopt the District’s Revised Rules of Procedure will be reset to 	, 2026, at
2:00 p.m. (CDT) at the Somerset Conference Center, 215 Nonesuch Way, Alys Beach, Florida 32461.

SECTION 2.

The District Secretary is directed to publish notice of the hearing in

accordance with Section 120.54, Florida Statutes.

SECTION 3.

This Resolution shall take effect upon its passage and adoption by the

Board.

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PASSED AND ADOPTED this 1st day of September 2026.

ATTEST:

SOMERSET COMMUNITY DEVELOPMENT
DISTRICT

Secretary

Chair/Vice Chair, Board of Supervisors

2

Tab 15

RESOLUTION 2026-12

A  RESOLUTION  OF  THE  BOARD  OF  SUPERVISORS  OF  THE  SOMERSET
COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE THE DATE, TIME AND PLACE OF A PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING DUNE MODIFICATION AND MAINTENANCE POLICY; AND PROVIDING AN EFFECTIVE DATE.

Whereas, the Somerset Community Development District (“District”) is a local unit of
special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

Whereas, the Board of Supervisors of the District (“Board”) is authorized by Section
190.011(5), Florida Statutes, to adopt rules and policies pursuant to Chapter 120, Florida Statutes; and

Whereas, the Board desires to set a public hearing to adopt the Dune Modification and
Maintenance Policy (“Policy”) attached hereto as Exhibit A; and

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE
SOMERSET COMMUNITY DEVELOPMENT DISTRICT:

Section 1. The Board intends to adopt the Policy, a proposed copy of which is attached
hereto as Exhibit A. The District will hold a public hearing on such Policy at a meeting of the Board to be held on 	, 2026, at 2:00 p.m. (CDT), at the Somerset Conference Center, 215 Nonesuch Way, Alys Beach, Florida 32461.

Section 2. The District Secretary is directed to publish notice of the hearing in accordance
with Section 120.54, Florida Statutes.

Section 3. This Resolution shall become effective immediately upon its adoption.

THIS RESOLUTION is passed and adopted this 1st day of September 2026.

ATTEST:

SOMERSET COMMUNITY DEVELOPMENT
DISTRICT

Secretary/Assistant Secretary

Chair/Vice Chair, Board of Supervisors

EXHIBIT A: Dune Modification and Maintenance Policy

EXHIBIT A