MINUTES OF MEETING ACACIA GROVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Acacia Grove Community Development District was held on Friday, November 21, 2025, at 11:34 a.m. at The Office of Lennar Homes, 5505 Waterford District Drive, Miami, Florida.
Present and constituting a quorum were:

Teresa Baluja	Chairperson
Vanessa Perez	Vice Chairperson
Raisa Krause	Assistant Secretary Also present were:
Juliana Duque	District Manager, GMS
Michael Pawelczyk	District Counsel,
Juan Alvarez	District Engineer
Alejandro Aleman	District Engineer
Steve Sanford	Bond Counsel, Greenberg Traurig

FIRST ORDER OF BUSINESS	Roll Call
Ms. Duque called the meeting to order and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Approval	of	Minutes	of	the
October 17, 2025 Meeting
Ms. Duque: You have the minutes of the October 17, 2025, meeting in your agenda package. Are there any comments, corrections, or changes to the minutes? If there are no changes to the minutes, a motion of approval would take place.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Minutes of the October 17, 2025 Meeting, was approved.

THIRD ORDER OF BUSINESS	Discussion of Financing Matters
Related to Special Assessment Bonds
Consideration of Supplemental Engineers Report
Mr. Alvarez: This is the same report that was circulated to the Board in October. We are going to address some comments from District counsel. The final version of this report will be circulated later today. This is a 38.57 acre subdivision located in Miami-Dade County. It consists of 195 single family homes and 49 villas. The total estimated amount for the water, sewer, drainage, and roadways is $14,324,000. That amount you will also see in the methodology report. All of the right of ways within the CDD are going to be dedicated to Miami-Dade County. The only roads that are going to be retained by the CDD are the roads that are inside the villas area; all the open areas within the villas are going to be owned by the HOA as stated in the table. They have all the permits in hand for the project at this time.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Supplemental Engineers Report, was approved in substantially final form.

Consideration of Master Assessment Methodology
Ms. Duque: The Master Assessment Methodology report is based on the District’s anticipated expenditure and the financing required to purchase and construct the improvements outlined in the Engineer’s report. Table 1 details the planned development showing the Acacia Grove CDD is projected to be 244 residential units, which consists of 49 villas and 195 single family homes. Table 2 provides the estimated construction costs as outlined in the Engineer’s report with a total improvement estimate of $14,324,000. Table 3 reflects the financial analysis indicating that the District will require a par amount at approximately $17,210,000 for the proposed bond issuance. Table 4 allocates the total project cost on a per unit basis. Table 5 presents the annual debt assessment for each of

those units calculated based on the allocated costs and the par debt assuming that the District proceeds with the bond issuance. Table 6 lists the current Parcel ID# and the corresponding annual debt assessment allocated for 38.57 acres.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Master Assessment Methodology, was approved.

Consideration of Resolution #2026-03 Declaring Special Assessments
Ms. Duque: This resolution serves as the initial Chapter 170 resolution in the special assessment process. This resolution approves the project as outlined for the District, and it also incorporates the two previously approved Engineer’s report and Methodology report into the official records and initiates the assessment process under Chapter 170. Upon the adoption of this resolution, we will publicly advertise a notice of the upcoming special public hearing.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution #2026-03 Declaring Special Assessments, was approved.

Consideration of Resolution #2026-04 Calling for a Public Hearing to Impose Special Assessments
Ms. Duque: This resolution sets the date for the required public hearing where the Board will consider the imposition of those special assessments as part of the assessment process. As decided by the Board, the public hearing will be scheduled for January 16, 2026.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution #2026-04 Calling for a Public Hearing to Impose Special Assessments on January 16, 2026, was approved.

Consideration of Resolution #2026-05 Bond Authorizing Resolution
Exhibit A:
Form of Master Trust Indenture

Form of First Supplemental Trust Indenture
Mr. Sanford: Resolution #2026-05 is the authorizing validation resolution, any bonds issued by Community Development Districts that would have a term of more than five years is required to be validated in a circuit court. In order for Mr. Pawelczyk to engage with the circuit court, the Board has to adopt a resolution authorizing bonds for a particular purpose, and that is what this resolution is doing. It authorizes a principal amount of bonds not exceeding $17,210,000, which is consistent with Juliana’s methodology report to finance all portions of the public infrastructure that Mr. Alvarez has in his report. We are asking the Board to approve certain exhibits. There is a Master Trust Indenture, which is the guiding document for all bonds issued by the District between the District and the US Bank as the bond trustee. Then there is a Form of Supplemental Indenture, again between the District and the US Bank as the bond trustee, and that pertains to every series of bonds the District may issue. This resolution lastly authorizes specifically the validation of the bonds. We would come back to the Board further down the road after the bonds are validated with another resolution approving certain other documents that have more detail regarding the first bond issue.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution #2026-05 Bond Authorizing Resolution, was approved.

FOURTH ORDER OF BUSINESS	Staff Reports
A. Attorney
Mr. Pawelczyk: With those documents being approved, once we get them signed off on and the reports are finalized, we will attach them to the complaint for validation filing and get a hearing date as soon as we can after the January 16, 2026, public hearing.

B. Engineer
Mr. Alvarez: I would suggest that the Board authorizes the transfer of the land as indicated in Table 1 of the Engineer’s report to obtain the drainage easements in the tract.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Proceeding with the Transfers of Land and the Grants of Easement to the CDD Listed on Table 1 of the Engineer’s Report, was approved.

C. Manager – Discussion of Maintenance Agreement between the District and the HOA
Ms. Duque: This maintenance agreement would be between the District and the HOA. The HOA will be responsible for maintaining the landscaping, roads, sidewalks, and entrance feature irrigation within the designated areas. This agreement is not in final form, and the District will assume responsibility if the association does not provide the required services.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Maintenance Agreement between the District and the HOA, was approved in substantially final form.

FIFTH ORDER OF BUSINESS	Financial Reports
A. Acceptance of Funding Request #3
Ms. Duque: Under financial reports, you have acceptance of Funding Request #3.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting Funding Request #3, was approved.

SIXTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Duque: Are there any Supervisor requests?
Mr. Pawelczyk: Following up on the conveyance of the platted tracts. The developer will be working on those tracts to complete the project?
Mr. Alvarez: Yes.
Mr. Pawelczyk: We will need also grant a temporary construction easement over those tracts so they can complete those improvements.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Granting Temporary Construction Easement After Land is Transferred to the District, was approved.

SEVENTH ORDER OF BUSINESS	Adjournment
Ms. Duque: Is there a motion to adjourn the meeting?

On MOTION by Ms. Baluja, seconded by Ms. Krause, with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary

Chairman / Vice Chairman

Certificate Of Completion

Envelope Id: 30E84342-502B-4EB0-B5FC-0EFEBFE89512	Status: Completed Subject: Acacia Grove: Complete with Docusign: 11-21-25 Minutes.pdf, Resolution 2026-06.docx, Resolution 2026
Source Envelope:
Document Pages: 24	Signatures: 12	Envelope Originator:
Certificate Pages: 2	Initials: 0	Ellen Acosta

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1001 Bradford Way
Kingston, TN 37763 eacosta@gmssf.com
IP Address: 162.199.192.217

Record Tracking		
Status: Original
3/23/2026 5:39:51 AM	Holder: Ellen Acosta
eacosta@gmssf.com	Location: DocuSign	
Signer Events	Signature	Timestamp	
Juliana Duque jduque@gmssf.com
District Manager - Assistant Secretary	
	Sent: 3/23/2026 5:44:38 AM Viewed: 3/23/2026 5:54:42 AM Signed: 3/23/2026 5:54:53 AM	
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Electronic Record and Signature Disclosure:
Not Offered via Docusign

Teresa Baluja teresa.baluja@lennar.com Chair
Security Level: Email, Account Authentication
(None)	Signature Adoption: Uploaded Signature Image
Using IP Address: 204.109.20.254

Sent: 3/23/2026 5:44:37 AM Resent: 3/24/2026 5:24:00 AM Viewed: 3/25/2026 6:53:27 AM Signed: 3/25/2026 6:53:40 AM

Electronic Record and Signature Disclosure:
Not Offered via Docusign		
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