MINUTES OF MEETING HARBOR RESERVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Harbor Reserve Community Development District was held Tuesday, October 14, 2025, at 11:17 a.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, Florida.

Present and constituting a quorum:

David Matt	Chairman
Kristen Matt	Vice Chairperson
Mariellen Jewers	Assistant Secretary
Tom Franklin	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Jennifer Kilinski by Zoom	District Counsel, Kilinski Van Wyk Savannah Hancock	District Counsel, Kilinski Van Wyk
Misty Taylor	Bond Counsel, BMO
Shawn Hindle by Zoom	District Engineer, Hanson, Walter & Associates Sete Zara by Zoom	Underwriter, MBS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll at 11:17 a.m. Four Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns asked for any public comments. There were no members of the public present and none joining by Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters – ADDED
A. Administration of Oaths to Newly Appointed Supervisor Thomas Franklin, Sr. (Seat #1)(Appointed at August 21, 2025 Board Meeting)
Ms. Burns stated Supervisor Thomas Franklin was sworn in before the meeting.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the August 21,
2025 Board of Supervisors Meeting
Ms. Burns presented the minutes from the August 21, 2025 Board of Supervisors meeting. She asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Ms. Matt, seconded by Ms. Jewers, with all in favor, the Minutes of the August 21, 2025 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Presentation	and	Approval	of	First
Supplemental Engineer’s Report for Assessment Area One Project dated October 2025
Mr. Hindle reviewed the First Supplemental Engineer’s report for Assessment Area One Project dated October 2025. He stated the District encompasses approximately 119.89 acres and Assessment Area One includes approximately 72.07 acres. He also stated the planned product types for the District’s Assessment Area One project has a total of 339 units. Mr. Hindle reviewed the permitting/construction commencement and the project cost estimate and maintenance responsibilities. He noted the projected cost total is $25,655,000. He stated they certified the report.

On MOTION by Ms. Matt, seconded by Ms. Jewers, with all in favor, the First Supplemental Engineer’s Report for Assessment Area One Project dated October 2025, was approved.

SIXTH ORDER OF BUSINESS	Presentation	and	Approval	of	First
Supplemental Assessment Methodology Report for Assessment Area One dated October 14, 2025
Ms. Burns presented the First Supplemental Assessment Methodology report for Assessment Area One dated October 14, 2025. She reviewed the tables included in the report. Table 1 shows the development program. Table 2 shows the infrastructure cost estimates. Table 3 shows the bond sizing. Table 4 shows allocation of benefit. Table 5 shows allocation of total benefit/par debt to each product type. Table 6 shows par debt and annual assessments for each product type. Table 7 shows preliminary assessment roll.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, the First Supplemental Assessment Methodology Report for Assessment Area One date October 14, 2025, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-01
Delegation Resolution (Series 2025 Bonds)
Ms. Taylor presented Resolution 2026-01. She explained that they are authorizing the Series 2025 Bonds. She pointed out that the increased the not to exceed amount to $25,000,000. She stated this resolution approves the forms of various documents that they need to be able to get to the bond issuance.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, Resolution 2026-01 Delegation Resolution (Series 2025 Bonds), was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Series	2025	Project
Ancillary Documents
True-Up Agreement
Completion Agreement
Acquisition Agreement
Collateral Assignment Agreement
Declaration of Consent
Notice of Special Assessments
Consideration of Resolution 2026-02 Supplemental Delegated Assessment Resolution
Ms. Hancock reviewed the Series 2025 Project ancillary documents. She explained that all the documents are with the future landowner and developer of the District. The documents included the True-Up Agreement, Completion Agreement, Acquisition Agreement, Collateral Assignment Agreement, Declaration of Consent, and Notice of Special Assessments. She stated Resolution 2026-02 is their assessment resolution.

On MOTION by Ms. Matt, seconded by Ms. Jewers, with all in favor, the Series 2025 Project Ancillary Documents, was approved in substantial form.

On MOTION by Ms. Jewers, seconded by Mr. Franklin, with all in favor, Resolution 2026-02 Supplemental Delegated Assessment Resolution, was approved.

NINTH ORDER OF BUSINESS	Ratification of Assignment of Fiscal Year
2025	and	Fiscal	Year	2026	Budget Funding Agreement
Ms. Burns presented this item to the Board for ratification of assignment of Fiscal Year 2025 and Fiscal Year 2026 Budget Funding Agreement.

On MOTION by Ms. Matt, seconded by Ms. Jewers, with all in favor, the Assignment of Fiscal Year 2025 and Fiscal Year 2026 Budget Funding Agreement, was ratified.

TENTH ORDER OF BUSINESS	Ratification	of	Construction	Funding
Agreement
Ms. Burns stated this agreement is with Enright Real Property Company, LLC. She noted this has already been signed and they are looking to ratify this item.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, the Construction Funding Agreement, was ratified.

ELEVENTH ORDER OF BUSINESS	Ratification	of	Assignment	of
Construction Contract
Ms. Burns stated this contract was entered into by the developer entity and is being assigned to the District. She noted this has already been signed and they are looking to ratify this item.

On MOTION by Ms. Matt, seconded by Ms. Jewers, with all in favor, the Assignment of Construction Contract, was ratified.

TWELFTH ORDER OF BUSINESS	Ratification of Demand Note Agreement
Ms. Burns stated this item has already been executed and they are looking to ratify it.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, the Demand Note Agreement, was ratified.

THIRTEENTH ORDER OF BUSINESS	Consideration	of	the	Assignment	of
Construction Management Agreement
Ms. Burns stated this is entered into by the development group and they are assigning it from the developer to the CDD.

On MOTION by Mr. Franklin, seconded by Ms. Jewers, with all in favor, the Assignment of Construction Management Agreement, was approved.

FOURTEENTH ORDER OF BUSINESS	Ratification of Interlocal Agreement with
Osceola County
Ms. Burns stated this agreement needs to be ratified.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, the Interlocal Agreement with Osceola County, was ratified.

FIFTEENTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-03
Setting a Public Hearing on the Adoption of Rules of Procedure, Amenity Disciplinary Rules & Rates, Fees, and Charges for the District
Ms. Burns presented Resolution 2026-03. She noted the proposed date is December 9, 2025 for the public hearing on the adoption of rules of procedure, amenity disciplinary rules and rates, fees and charges for the District.

On MOTION by Mr. Matt, seconded by Ms. Jewers, with all in favor, Resolution 2026-03 Setting a Public Hearing on the Adoption of Rules of Procedure, Amenity Disciplinary Rules & Rates, Fees and Charges for the District, was approved.

SIXTEENTH ORDER OF BUSINESS	Goals and Objectives
Adoption of Fiscal Year 2026 Goals & Objectives
Ms. Burns presented the Fiscal Year 2026 goals and objectives.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, Adopting the Fiscal Year 2026 Goals & Objectives, was approved.

Presentation of Fiscal Year 2025 Goals & Objectives and Authorizing Chair to Execute
Ms. Burns stated they met the Fiscal Year 2025 goals and objectives. She suggested authorizing the Chair to execute those.

On MOTION by Mr. Franklin, seconded by Ms. Matt, with all in favor, the Fiscal Year 2025 Goals & Objectives and Authorizing Chair to Execute, was approved.

SEVENTEENTH ORDER OF BUSINESS	Review	and	Ranking	of	Proposals
Received for District Engineering Services and Selection of a District Engineer
Ms. Burns stated they received one response from Hanson, Walter & Associates, Inc.. Mr.
Matt reviewed the rankings. The Board agreed with the rankings presented.

On MOTION by Mr. Franklin, seconded by Ms. Jewers, with all in favor, Ranking of Proposals Received for District Engineering Services and Selection of a District Engineer and Authorizing Staff to Send Notice to the Newly Awarded District Engineer Hanson, Walter & Associates, Inc., was approved.

EIGHTEENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock had nothing further to report to the Board.

Engineer
Mr. Hindle had nothing further to report to the Board.

District Manager’s Report
Ratification of Funding Requests #6 through #8
Ms. Burns stated Funding Requests #6 through #8 have already been approved and funded.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, Funding Requests #6 through #8, were ratified.

NINTEENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TWENTIETH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TWENTY FIRST ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary

Ms. Burns adjourned the meeting.

On MOTION by Ms. Matt, seconded by Mr. Franklin, with all in favor, the meeting was adjourned.

Chairman/Vice Chairman