Dowden West Community Development District Agenda May 15, 2025 May 8, 2025 Board of Supervisors Dowden West Community Dear Board Members: The Board of Supervisors of the Dowden West Community Development District will meet Thursday, May 15, 2025 at 9:00 a.m. at GMS-CF, LLC, 219 E. Livingston Street, Orlando, FL 32801. Following is the advance agenda for the meeting: 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Appointment of Individuals to Fulfill Board Vacancies in Seats #2, #3 and #5 B. Administration of Oath of Office to Newly Appointed Board Members C. Consideration of Resolution 2025-05 Electing Officers 4. Approval of Minutes of the February 20, 2025 Audit Committee Meeting and Board of Supervisors Meeting 5. Consideration of Resolution 2025-06 Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing 6. Consideration of Resolution 2025-07 Conveyance of Phase N-4 Tracts 7. Consideration of Resolution 2025-08 Conveyance of Phase N-5 Tracts 8. Consideration of Resolution 2025-09 Conveyance of EW Road Phase 2A Tracts 9. Consideration of Resolution 2025-10 Conveyance of Phase N-5 Utilities 10. Consideration of Resolution 2025-11 Ratifying Conveyance of EW Road Phase 2B Utilities 11. Consideration of Resolution 2025-12 Designating an Assistant Treasurer of the District 12. Consideration of Pond Proposal from Aquatic Weed Management, Inc. 13. Consideration of Series 2024 Requisition #2 14. Ratification of Auditing Services Agreement with DiBartolomeo, McBee, Hartley & Barnes for Fiscal Years 2024-2028 15. Approval of Investment Fund 16. Staff Reports A. Attorney B. Engineer C. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement iii. Presentation of Number of Registered Voters – 712 17. Supervisor’s Requests 18. Other Business 19. Next Meeting Date 20. Adjournment The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me. Sincerely, A black background with a black square Description automatically generated with medium confidence Jason M. Showe District Manager CC: Jan Carpenter, District Counsel Rey Malave, District Engineer Darrin Mossing, GMS Enclosures RESOLUTION 2025-05 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Dowden West Community Development District (the “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”) desires to elect the Officers of the District. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT: Section 1. The following persons are elected to the offices shown: Chairman ________________________ Vice Chairman ________________________ Secretary ________________________ Assistant Secretary ________________________ Assistant Secretary ________________________ Assistant Secretary ________________________ Assistant Secretary ________________________ Treasurer ________________________ Assistant Treasurer ________________________ Assistant Treasurer ________________________ Section 2. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 15th day of May, 2025. ATTEST: DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT _________________________________ ____________________________________ Secretary/Assistant Secretary Chairman/Vice Chairman MINUTES OF MEETING DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT The Audit Committee meeting of the Board of Supervisors of the Dowden West Community Development District was held on Thursday, February 20, 2025 at 9:00 a.m. in the offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, Florida. Present and constituting a quorum were: Chuck Bell Chairman Elizabeth Manchester Vice Chairperson Stephanie Coffin Assistant Secretary Also present were: Jason Showe District Manager Jay Lazarovich District Counsel Joe Duncan by telephone District Engineer Alan Scheerer Field Manager FIRST ORDER OF BUSINESS Roll Call Mr. Showe called the audit committee meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Comment Period There being no comments, the next item followed. THIRD ORDER OF BUSINESS Review and Ranking of Proposals and Tally of Audit Committee Members Ranking A. DiBartolomeo, McBee, Hartley & Barnes B. Grau & Associates Mr. Showe stated we have used both vendors, the only difference is price and that gives 100 points for DiBartolomeo and 93 points for Grau. On MOTION by Mr. Bell seconded by Ms. Manchester with all in favor DiBartolomeo McBee Hartley & Barnes was ranked no. 1 with 100 points. FOURTH ORDER OF BUSINESS Adjournment On MOTION by Mr. Bell seconded by Ms. Manchester with all in favor the audit committee meeting adjourned at 9:02 a.m. Secretary/Assistant Secretary Chairman/Vice Chairman MINUTES OF MEETING DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Dowden West Community Development District was held Thursday, February 20, 2025 at 9:03 a.m. in the offices of GMSCF, LLC, 219 E. Livingston Street, Orlando, Florida. Present and constituting a quorum were: Chuck Bell Chairman Elizabeth Manchester Vice Chairperson Stephanie Coffin Assistant Secretary Also present were: Jason Showe District Manager Jay Lazarovich District Counsel Joe Duncan by phone District Engineer Alan Scheerer Field Manager FIRST ORDER OF BUSINESS Roll Call Mr. Showe called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Comment Period There being no comments, the next item followed. THIRD ORDER OF BUSINESS Organizational Matters A. Appointment of Individuals to Fill Board Vacancies in Seats 2, 3, and 5 B. Administration of Oath of Office to Newly Appointed Board Member C. Consideration of Resolution 2025-05 Electing Officers This item was deferred to a future meeting agenda. FOURTH ORDER OF BUSINESS Approval of the Minutes of the January 16, 2025 Board Meeting and Acceptance of the January 16, 2025 Audit Committee Meeting Mr. Showe: You have the minutes of the January 16, 2025 Board meeting and the January 16, 2025 Audit Committee meeting minutes. Area there any comments, corrections, or changes? Hearing no changes, we would ask for a motion to approve the Board minutes and accept the Audit Committee minutes. On MOTION by Ms. Manchester seconded by Mr. Bell with all in favor the Minutes of the January 16, 2025 Board meeting were approved as presented and the January 16, 2025 Audit Committee meeting minutes were accepted. FIFTH ORDER OF BUSINESS Acceptance of the Rankings of the Audit Committee and Authorizing Staff to Send a Notice of Intent to Award On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the recommendation of the audit committee of DiBartolomeo being ranked no. 1 was accepted. SIXTH ORDER OF BUSINESS Consideration of Lighting Service Agreement with OUC for Starwood Phase N-5 On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the Agreement with OUC for Starwood Phase N-5 was approved. SEVENTH ORDER OF BUSINESS Consideration of Landscape Management Service Pricing from Yellowstone Landscape for Road Segments 4 & 5 and Ditch Areas Mr. Scheerer: On February 6, we had a landscape review go out between the district, Mattamy, and the landscape architect who reviewed the improvements installed on Phase 4 & 5 Dowden Road. There was a small punch list generated from that and they are in the process of correcting. We asked Yellowstone to provide us with an up-to-date agreement for the maintenance of segments 4 & 5. There was also a small swale on the north side of Dowden Road that runs parallel to the chain link fence for the Brightline property that we asked them to include as well. The pricing in the proposal fits what was adopted in the budget for 2025. The swale was not contemplated at that time so there is a $10,800 cost associated with maintaining the swale. We weren’t sure during the walk whether that was something that you were looking for us to maintain. It made sense that we should and at some point, if it is not holding water maybe we can get up to the fence line and keep it clean all the way down on the Dowden Road segments 4 & 5. On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the pricing from Yellowstone Landscape for road segments 4 & 5 and ditch areas was approved. EIGHTH ORDER OF BUSINESS Staff Reports A. Attorney Mr. Lazarovich: We wrapped up the east/west connector 2A and 4. We will transmit the bill of sale to OUC. We are still working with the developer on the Dowden Road 4 and 5 segments. We reviewed the plats for the east west connector road phase 2 and 4 and 5 and when the title comes in, we will work on conveyance documents for those. B. Engineer Mr. Duncan: We received some tract conveyances to review. C. Manager i. Approval of Check Register On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the check register was approved. ii. Balance Sheet and Income Statement A copy of the balance sheet and income statement were included in the agenda package. D. Field Manager Mr. Scheerer: There are no field related issues right now. We will have on the next agenda a quote to maintain the ponds in segments 4 and 5, which are in the budget for this year. We just wanted to see site conditions. We are also going to start the budget for upcoming items and get a date when we think those improvements are going to be coming online so we can allocate it properly in the budget. NINTH ORDER OF BUSINESS Supervisor’s Requests There being no comments, the next item followed. TENTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. ELEVENTH ORDER OF BUSINESS Next Meeting Date – March 20, 2025 Mr. Showe: Our next meeting is scheduled for March 20, 2025. TWELFTH ORDER OF BUSINESS Adjournment On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the meeting adjourned at 9:13 a.m. Secretary/Assistant Secretary Chairman/Vice Chairman RESOLUTION 2025-06 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Dowden West Community Development District (“District”) prior to June 15, 2025, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”); and WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT: 1. PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget. 2. SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location: DATE: August 21, 2025 HOUR: 9:00 a.m. LOCATION: Offices of GMS-CF, LLC 219 E. Livingston Street Orlando, FL 32801 3. TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Orange County and City of Orlando at least 60 days prior to the hearing set above. 4. POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days. 5. PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law. 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 immediately upon adoption. PASSED AND ADOPTED THIS 15th DAY OF MAY, 2025. ATTEST: DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT __________________________________ By:_________________________________ Secretary/Assistant Secretary Its:_________________________________ Exhibit A: FY 2025/2026 Proposed Budget Dowden West Community Development District Proposed Budget FY 2026 A picture containing text Description automatically generated 1-2 3-6 7 8 9 10 11 Assessment Rate Sheet Series 2024 Amortization Schedule Table of Contents General Fund General Fund Narrative Series 2018 Debt Service Fund Series 2018 Amortization Schedule Series 2024 Debt Service Fund Description AFBdYuo2dp0gt2ee5td Ac4tu/a3l0s/ T2h5ru Pro5j eMctoendt hNsext Pro9je/c3t0e/d2 T5hru PropFoYs e2d0 B26udget REVENUES: SSDppeeevcceiilaaollp AAessrss Ceeossssnmmtreeibnnuttsst i--o ODnsinr eRcotll $ 18 6150272,,,391169174 $ 181512,,230116 - $ 6,761 -- $ 181527,,391617 - $ 78 799623,,,457146189 TOTAL REVENUES $ 1,572,472 $ 9 63,517 $ 6,761 $ 970,278 $ 1,762,729 EXPENDITURES: Administrative IWMTAPTPODAAIOLPASDEnnueorRnersrntfutiafsesftiuhbgsplsgn-oenionuesbeFtacseieisruetrptaransstelrIr,mirnama e ggCishn eAvLatCSnlmeeeeAoeagei igiduuAs yc mcnrt nF&eev&Mopereiiuaeeo nneer r npR dtDGaeBen nrtgislFeiis oetnei itAetnTebein nnltssFtdiseae die v eCeAs&nmtcirenheenhgga raiSsagnenlynu rnoLigcbstlieetoasrscbgaryitliiipottynions $ 421 125556272355 ,,,,,,,,,,,, 285327070811905046 106400555501570000078000000010070500000540 $ 2 4 5 4 6 2 225 ,,,,,,,, 77 4206001 16 45 39954 33 25043757 52001613246 05904 - -- - $ 12 73121229 ,,,,,,,, 5 7 334279359144 1 205060246395028 580040881140064 ----- $ 421 12 5 4 3 6 2 5 3525,,,,,,,,,,,,25 82 30 562 70060 11 440 16045040305007057500800000101000050050004 $ 421 15 5 8 3 25 35 725,,,,,,,,,,,,03 85 38 53 70080 11 4240 13596060050090575900806050900000600504004 TOTAL ADMINISTRATIVE $ 1 25,501 $ 55,037 $ 64,269 $ 119,305 $ 128,108 Operations & Maintenance Operations & Maintenance Contract Services PMLLFaaieeinkstliteddg C saMMcotaianaopintnnrea to MgeMlen oamaninnietctnoeetrnianngce $ 7 1491 0797 ,,,, 0205 0503 0800 - $ 2 1136 607,,,,767285824036 - $ 2 115 02 476,,,,,017390450700045 $ 4 12 11908147,,,,,094750205303080 $ 9 13 41701889,,,,,550150906802022 Repairs & Maintenance SAIOGLrialeprglnnieengdweraaasrgtaactieyiaoln pRnMge e RaS pReiuaneppitprapeslinlar i&saecens Mmceaeinnttenance 2 35720 ,,,,, 505550000000000000 1 22,,397652 - - -- 3 5 5 2 9,,,,,50152 5002050005090 2 3 5 7 22,,,,,50552 5000020000000 2 3 5 7 25,,,,,50505 5000000000000 Dowden West Community Development District Proposed Budget General Fund Page 1 Description AFBdYuo2dp0gt2ee5td Ac4tu/a3l0s/ T2h5ru Pro5j eMctoendt hNsext Pro9je/c3t0e/d2 T5hru PropFoYs e2d0 B26udget Dowden West Community Development District Proposed Budget General Fund Operations & Maintenance (continued) Utilities SEWtlreaecteetrtril ci&g hSteswer $ 31 360164,,,202208500 $ 8 3 82 ,, 997898926 $ 6 2 32 ,, 756500000 $ 1 5 5 251,,,743398926 $ 3 1 70 842,,,820080700 Other PCroonptienrgtye nIncysurance 2 75,,607070 6,997 - 30,527 - 3 60,,959277 1 70,,609070 TOTAL OPERATIONS & MAINTENANCE $ 1,446,971 $ 4 16,543 $ 434,429 $ 850,973 $ 1,634,621 TOTAL EXPENDITURES $ 1,572,472 $ 4 71,580 $ 498,698 $ 970,278 $ 1,762,729 EXCESS REVENUES (EXPENDITURES) $ - $ 4 91,937 $ (491,937) $ - $ - Page 2 The District bonds will be held and administered by a Trustee. This represents the trustee annual fee. Management Fees The District’s Attorney, will be providing general legal services to the District, i.e.,attendanceandpreparationformonthlBBooaarrdd mofe eStuipnegrsv,irseovrise w anodf tchoen t Draiscttrsi,crte Mviaenwagoefr.agreementsandresolutions, and other research assigned as directed by thye Arbitrage Rebate TBhonedDsi.s tTrhicet Disisrterqicuti hreads ctoonhtarvaectaend awninthu aLlLaSr Tbaitxr aSgoelurteiobnatse toca plceurflaotrimon thpirse cpaalrceudlaftoiornt.heSeries2015,SpecialAssessmentRefunding Special Assessments - Tax Roll Dowden West Community Development District Budget Narrative Fiscal Year 2026 REVENUES oTpheeraDtiisntgri ecxtpweinlldilteuvryesa dNuorinn-gA dtheV aFliosrceaml Yeaasrs.essmentonallsoldandplattedparcelswithintheDistrictinordertopayforthe Expenditures - Administrative Supervisors Fees Developer Contributions TashseesDsmisetrnitcst fowri ltlhee nFtiescrali nYteoara. Funding Agreement with the Developer to fund the operating expenditures not covered by Special Assessments - Direct TFihsecaDl iYsetrairc.twillenterintoaDirectBillAgreementwiththeDevelopertofundtheoperatingexpendituresforunplattedlotsforthe m$C2he0aep0titnepgre s1r.9m0 eoef ttihneg Filnoriwdah iScthatuthteesy aalltotwensd f.or Tmheembbuedrsg eotfe tdhea Bmooaurdn toff oSruptehrevifsiosrcsa ltoy beea rcoimspbeansseadteodn allsupervisorsattending6 FICA Taxes tPoatyarl oBlloatradx eosf SounpeBrovaisrodr’so fpaSyurpoellr veixspoern’sdictoumreps.ensation. The budgeted amount for the fiscal year iscalculatedat7.65%ofthe Engineering TmhoenthDliys t rbicota'srd e nmgeineteienrgs,w irlelviperwo v iodfe ingveoniecreasl, eanngdi n oetehreinrg spseercvifiicceasllyt o reqthueestDeids tarsicsitg,nim.ee.natst.tendance and preparation for Attorney TMExhaheniaDbgiitse t"mrAiec"n totrfe Stcheeeriv vMiecsaensMa-SagoneuamgtheenmFt leAongrtir,deAaec,mcLoeLunCnt..tinTgheanbduAddgemteindisatmraotiuvnetseforrvitcheesafisspcaalrtyoeafraMisabnaasgeedmoenntthAegrceoenmtreancttewdithfeGesovoeurnlimneedntianl Annual Audit TbuhdegDeitsetdri actmiosurneqt ufoirre tdheto ficsocanld yuecatra ins banasneuda loanu cdointtorfaicttsefdi nfeaensc ifarlorme ctohred psrbeyviaonusIn ydeeapr eenndgeangtemCeerntitf ipeldusP aunbtliiccipAactceodu nintcinregaFsier.m.The Assessment Administration fGinMaSncSiFa,l aLdLvCisporroyv siedrevsiceass.sessment services for closing lot sales, assessment roll services withthelocalTaxCollectorand Dissemination Agent aTdhdeitDioinstarli crtepisorrtienqgu rireeqduibreymtehnetsS feocru urinty-raatnedd bEoxncdh aisnsgueesC.ommission tocomply withRule 15(c)(2)-12(b)(5),which relatesto Trustee Fees Page 3 Dowden West Community Development District Budget Narrative Fiscal Year 2026 MONTHLY AMOUNT ANNUAL AMOUNT $1,548.48 $18,581.76 MONTHLY AMOUNT ANNUAL $52,894.00 $$$369A347M449O,,,147U236N248...T000000 Vendor: MONTHLY AMOUNT ANNUAL AMOUNT $4,000.00 $48,000.00 Vendor: Yellowstone Landscape-Southeast, LLC. Aquatic Weed Management, Inc. Mitigation Monitoring Printing and Binding Expenditures - Administrative (continued) New internet and Wi-Fi service for Office. Postage and Delivery Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. Insurance General Liability iTnhseurDainsctrei ccto'sveGreangee rtaol gLoivaberilnitmye&ntPaul abgliecnOcifefisc. iTalhseL aimaboiulitnyt iIsn bsuarsaendc ueppoonl isciymiislawr Citohmamquunailtiyfi eDdeveenltoiptymtehnatt Dsipsetrciicatlsiz.esinproviding Copies used in the preparation of agenda packages, required mailings, and other special projects. Legal Advertising gTehneerDails ctriricctuliastiroenq.uiredtoadvertisevariousnoticesformonthlyBoardmeetingsandotherpublichearingsinanewspaperof Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Due, Licenses & Subscriptions The District is required to pay an annual fee to Florida Department of Commerce for $175. Other Current Charges This includes monthly bank charges and any other miscellaneous expenses that incur during the year. Office Supplies Website Maintenance Ptoe rusCehfaupl tweerb2s0it1e4s- r2e2g,aLradwinsgo CfoFmloprliidaan,cael lisDsiusetrsi. cTtshims wusetbhsaitvee wailwl bebe smitaeitnotapinroevdi dbey dGeMtaSi-lSeFd, iLnLfCo ramnadt uiopndoatnedth meoCnDtDhlays.wellaslinks Communication - Telephone Information Technology bTyh eGoDvisetrrnicmtepnrtoacle Mssaensaaglelmofeintts Sfienravnicceias l–a Scotiuvtithi eFsl,oir.eid.aa,c LcoLuCn.tspayable,financialstatements,etc.onamainframecomputerleased Expenditures - Field Field Manager rTehleatseudp ietermvissi.onandon-sitemanagementoftheDistrict. Theresponsibilitiesincludereviewingcontractsandothermaintenance Landscape Maintenance The District will enter into a contract for the monthly maintenance of common areas. VENDOR: Governmental Mgmt Services S-FL, LLC. Lake Maintenance The District will assign this expense to lake mitigation monitoring. The District will enter into a contract for the monthly maintenance of the District lakes and canal. Future Landscape addition Page 4 Dowden West Community Development District Budget Narrative Fiscal Year 2026 Vendor: MONTHLY AMOUNT ANNUAL AMOUNT $2,549.36 $30,592.30 ORLANDO UTILITY CO. ACCT #'S: LOCATION MONTHLY AMOUNT ANNUAL AMOUNT 3388289887 111T211B398D057630 DLGaloonwbddein eSgnt PIRroDriingta tLiooonp $$$$143424396 $$$$$25354,02998091280 ORANGE COUNTY UTILITIES ACCT #'S: LOCATION MONTHLY AMOUNT ANNUAL AMOUNT 6344976732 11199T1111111111119179122472222222222291182B901342220333333349789D0531788358011222368175 23699112346788 0HSLLC eaaFDDDDDEDDDDDDDDGleoauuoxlaooooooooooooovo nnupdPwwwwwwwwwwwwwebccnlsi odddddeddddddddnhhHadr eeeeeeeeeeeeee iSeiPPalnnnnnnnnnnnnnt trAtcooAr sihRRRRRRRRRRRRRiivoev nnS edddddddddddddeneWttt t rARRaevddyeet $$$$$$$$$$$$4$$$$$$$$$$57221192345,114122228894528579045508880000079050500000001 $$$1$$$$$$$$$$$14$$$$$$$$$16923222456014222222294,,,,,,,,,,,405037022444,,11144446843,44006480008266600000008400000000008080 Represents current and estimated electric charges of common areas throughout the District. Represents current and estimated costs for water and refuse services provided for common areas throughout the District. Utilities - Electric Utilities - Water & Sewer Represents estimated cost for repairing irrigation line breaks, replacement of sprinklers, etc. Operating Supplies Expenditures - Field (continued) Signage The cost associated with any purchase, repairs or replacement of mandated signs throughout the District. General Repairs & Maintenance Any miscellaneous repairs not included in another budget line item. Pest Control The District will enter into a contract for the monthly pest & mosquito control. Clarke Environmental Mosquito Mgmt. The District may incur expenses to purchase supplies for daily operations. Alleway Maintenance This expense will be allocated to the upkeep of the entry roads of the District. Landscape Replacement The cost associated with any replacement of landscaping during the year. Irrigation Repairs Page 5 Dowden West Community Development District Budget Narrative Fiscal Year 2026 ORLANDO UTILITY CO. ACCT #'S: LOCATION MONTHLY AMOUNT ANNUAL AMOUNT 3388289887 00T BDSDuonwsdaeiln A RvDe $$$1583,,02,3482055 $$$$2369170988,,44,,8918010473 aTgheenDciiesstr. iTcht'es aPmroopuenrtt yisI bnasuserdan ucpeopno sliicmyiliasrw Ciothmamquunaitliyf iDedeveenlotiptymtehnatt Dsipsetrciicatlsiz.esinprovidinginsurancecoveragetogovernmental yReeaprr.e sentsthecosttomaintainstreetlightswithintheDistrictBoundariesthatareexpectedtobeinplacethroughoutthefiscal Contingency Utilities - Streetlights Property Insurance Any other miscellaneous expenses incurred during the year. Expenditures - Field (continued) Page 6 Adopted Budget Actuals Thru Projected Next Description FY2025 4/30/25 5 Months Pro9je/c3t0e/d2 T5hru PFBrYou p2do0gs2eet6d REVENUES: SCInpaterercryiea Fsl toA Erswasreansrsidnm gSesunrtpsl-uOsn (1 R) oll $ 242280,,275464 - $ 2431 1870,,,023060263 $ 3 5,,407080 - $ 24 32 1805,,,073040243 $ 4 22 16007,,,701406407 TOTAL REVENUES $ 649,000 $ 665,571 $ 8,478 $ 674,049 $ 697,911 EXPENDITURES: IIPnnrttieenrrceeipsstta l-- -15 51//1/11 $ 1 1 1551440,,,000770330 $ 154,073 - - $ 1 1 51 40 ,, 00 70 30 - $ 1 1 1 551440,,,000770330 $ 1 11515115,,,404000505 TOTAL EXPENDITURES $ 418,145 $ 154,073 $ 2 64,073 $ 418,145 $ 417,810 Other Sources/(Uses) Interfund transfer In/(Out) $ - $ 11,262 $ - $ 11,262 $ - TOTAL OTHER SOURCES/(USES) $ - $ 11,262 $ - $ 11,262 $ - TOTAL EXPENDITURES $ 418,145 $ 142,810 $ 2 64,073 $ 406,883 $ 417,810 EXCESS REVENUES (EXPENDITURES) $ 230,855 $ 522,761 $ (255,594) $ 267,167 $ 280,101 (1) Carry Forward is Net of Reserve Requirement $$ 114488,,661166 Dowden West Community Development District Proposed Budget Debt Service Series 2018 Special Assessment Bonds Interest Due 11/1/26 Page 7 Dowden West Community Development District Series 2018 Special Assessment Bonds Amortization Schedule Date Balance 10110011000000111111000100001111000111100010001110111115551111111155555551551111555511115555155111555115///////////////////////////////////////////////////00000000000000000000000000000000000000000000000000001111111111111111111111111111111111111111111111111111///////////////////////22222222222223333333333433333444333334444444444444443455466700112237889931440015569922677883349457788566 $ 555 555 555 44444455555 4 22244 333444 2233333 2 22 111 111 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,566 4577344 4770022346779962479900222444667884111881557880788355099001223466771046660046770246677233225005000055505500500000000055000000000550000005555555005,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 $ P r i n c i p a 1 11 1 11111 1 12 1222 222 2 4 333 3 3 l 10123345676803491279026841 05550005500000550050555550 ,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000 - 0000000000000000000000000000000000000000000000000000 -- -- ------ --- -- ---- - --- -- $ I n t e r e s 111 11 11 1 11111111111 1 1 1 1 11 11111 t555554442233333344421 278 81 118 890000 679 6 5 1 122355 344 551441658811222555699672242227858116645779100111211296,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,11929292004224602566699606611112224458894222422288264433828907743011223445812253344557889972289299229941009494543356959133445691553344444459945444444444469 $ T o t a l 44 44 444444 444 44 4444 4 4 444 441 111111111111111111111111115555966889967999678966889786,,,,,,,,,,,,,,,,,,,,,,,,,,,460200144500727112552189266790201356906712011843679671181113888858938888909014699 - -- - ----- - -- ---- --- --- - - - $ 5,785,000 $ 5,233,255 $ 11,018,255 Page 8 Adopted Budget Actuals Thru Projected Next Description FY2025 4/30/25 5 Months Pro9je/c3t0e/d2 T5hru PFBrYou p2do0gs2eet6d REVENUES: SCISnppateererccryiieaa Fsll toAA Ersswassreeanssrssidnmm gSeesunnrttpssl u-- sOD (in1r) eRcotll $ 1106 5368,,,770427955 - $ 1106 58 448,,,,769726884695 $ 2 3,,005060 - - $ 11 0 568 768,,,,977782286455 $ 2 120 642,,,071096091 - TOTAL REVENUES $ 328,549 $ 337,164 $ 5,056 $ 342,220 $ 332,960 EXPENDITURES: IIPnnrttieenrrceeipsstta l-- -15 51//1/11 $ 10 8 5360,,,730410900 $ 103,749 - - $ 8 5 60 ,, 30 10 00 - $ 1 0 8 5360,,,730410900 $ 8 58605,,,302101000 TOTAL EXPENDITURES $ 240,059 $ 103,749 $ 1 36,310 $ 240,059 $ 221,520 TOTAL EXPENDITURES $ 240,059 $ 103,749 $ 1 36,310 $ 240,059 $ 221,520 EXCESS REVENUES (EXPENDITURES) $ 88,490 $ 233,415 $ (131,254) $ 102,161 $ 111,440 (1) Carry Forward is Net of Reserve Requirement $$ 8855,,221100 Dowden West Community Development District Proposed Budget Debt Service Series 2024 Special Assessment Bonds Interest Due 11/1/26 Page 9 Dowden West Community Development District Series 2024 Special Assessment Bonds Amortization Schedule Date Balance 00000000000000000000000000000111111111111111111111111111111111111111111111111111111111155555555555555555555555555555/////////////////////////////////////////////////////////00000000000000000000000000000000000000000000000000000000001111111111111111111111111111111111111111111111111111111111///////////22222222233333333333333333333444444444444444444445555555550000001111112222223333334444455555666666777777888888999999 111111111111112222222222222222222222223333333333,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 22446688990000111111112222222233444455556677777788889999990011112277000011111122334444444444555555666666777777888899000055555500000000000000000000000000055555555555555555555,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Principa 111111111111122l 0001122344555566667777888899900000000000005555555555555555,,,,,,,,,,,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 --------- --------------- Interest 4555777888888 1111222233334444555666666677777777788888 462224445555689 000000111122233344444555555777788888889999935,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00012223333880111222223333333444556666677888888889999889460111245556699000000222222233444444445666666888888999911604000000355559000000000000001133333555555666688888889911609 Total 2222222222 22222222222222222 222222222222222222222222222222200112333440011111222333344400,,,,,,,,,,,,,,,,,,,,,,,,,,,,,112456667712222556666777888561122235889002224556677899998900000056890000011115566689900 --- --------------------- ----- $ 3,260,000 $ 3,276,622 $ 6,451,966 Page 10 Description O&M Units BU2o0nn1idt8ss BU2o0nn2idt4ss FY 2026 FY2025 Increase/ (decrease) Increase/ (decrease) FY 2026 FY2025 Increase/ (decrease) 2018 2024 2018 2024 Townhome 364 208 156 $713.61 $713.61 $0.00 $500.00 $498.87 $500.00 $498.87 $0.00 $1,712.48 $1,712.48 $0.00 Single Family - 40' 225 201 24 $1,141.78 $1,141.78 $0.00 $800.00 $917.92 $800.00 $917.92 $0.00 $2,859.70 $2,859.70 $0.00 Single Family - 50' 207 118 89 $1,427.23 $1,427.23 $0.00 $1,000.00 $1,147.40 $1,000.00 $1,147.40 $0.00 $3,574.63 $3,574.63 $0.00 Single Family - 60' 81 54 27 $1,712.67 $1,712.67 $0.00 $1,200.00 $1,376.88 $1,200.00 $1,376.88 $0.00 $4,289.55 $4,289.55 $0.00 Unplatted - Admin 569 0 0 $143.05 $143.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $143.05 $143.05 $0.00 Total 1446 581 296 Dowden West Community Development District Non-Ad Valorem Assessments Comparison 2025-2026 Annual Maintenance Assessments Annual Debt Assessments Total Assessed Per Unit FY 2026 FY2025 Page 11 RESOLUTION 2025-07 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYNACE OF REAL PROPERTY AND INFRASTRUCTURE IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of real property and infrastructure improvements, as more particularly described in the Special Warranty Deed, Bill of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District; and WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Approval of Acquisition and Transfer of the Real Property and Improvements. The Board hereby approves the transfer and acceptance of the infrastructure improvements described in Exhibit “A,” to the District, and approves and accepts the documents evidencing such conveyances in Exhibit “A.” 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the real property and improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] Resolution 2025-07 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 15th day of May, 2025. DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Special Warranty Deed between Beachline South Residential, LLC and the Dowden West Community Development District; 2. Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District; 3. Owner’s Affidavit; 4. Agreement Regarding Taxes; 5. Certificate of District Engineer Resolution 2025-07 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO: Jan Albanese Carpenter, Esq. Latham, Luna, Eden & Beaudine, LLP P.O. Box 3353 Orlando, Florida 32802 Parcel ID Nos. 34-23-31-2005-04-003 34-23-31-2005-04-005 34-23-31-2005-04-006 34-23-31-2005-04-010 34-23-31-2005-04-012 NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B-4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein. SPECIAL WARRANTY DEED Dowden West Community Development District – Starwood Phase N-4 THIS SPECIAL WARRANTY DEED made as of this ____ day of _______, 2025 by BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (the “Grantor”), whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811, to DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district (the “Grantee”) whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801. (Whenever used herein the terms “Grantor” and “Grantee” include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations). That the Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situated in Orange County, Florida, more particularly described as follows (the “Property”). SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD, the same in fee simple forever. AND Grantor does hereby covenant with Grantee that Grantor is lawfully seized of said land in fee simple; that Grantor has good right and lawful authority to sell and convey this land; that Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same), taxes for the year 2025 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other. 1 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-4 IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed in its name, the day and year first above written. Signed, sealed and delivered in our presence: “GRANTOR” BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By: ________________________________ (Print Name) Address: 4901 Vineland Road, Suite 450, Print: Elizabeth Manchester Orlando, Florida 32811 Title: Vice President (Signature) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (Print Name) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ____________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public Print Name:____________________ My Commission expires: _________ My Commission No.: ____________ 2 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-4 EXHIBIT “A” DESCRIPTION OF THE PROPERTY Tracts 4L, 4E, 4C, 4F and 4J, STARWOOD PHASE N-4, according to the Plat thereof, as recorded in Plat Book 114, Pages 119 through 125, of the Public Records of Orange County, Florida. 3 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-4 BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-4 THIS BILL OF SALE ABSOLUTE AND AGREEMENT (this “Agreement”) is made as of this ____ day of ____________, 2025, by and between DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (hereinafter referred to as “Developer”) whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811. RECITALS WHEREAS, Developer owns certain improvements, equipment and personal property located within the boundaries of the District on the real property described on Exhibit “A” attached hereto (the “Property”), and the extent, nature and location of such improvements, equipment and personal property is more fully set forth in Exhibit “A” attached hereto (collectively, the “Improvements”); and WHEREAS both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; and WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance of the Improvements from the Developer. NOW, THEREFORE, the parties hereto hereby agree to and acknowledge the following: 1. The above recitals are true and correct and are hereby incorporated into this Agreement. 2. KNOW ALL MEN BY THESE PRESENTS that Developer, of the County of Orange and the State of Florida, for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements located on the Property, to have and to hold the same unto the District, its executors, administrators and assigns forever. 3. The Developer represents and warrants to the District that to the best of Developer’s knowledge, Developer has good and lawful right, title and interest in the Improvements located on the Property and that such Improvements are free and clear of any and all liens, encumbrances, claims and demands, Developer will freely and fully warrant and defend such Improvements 1 Bill of Sale Dowden West Community Development District – Starwood Phase N-4 against the lawful claims of any person claiming by, through or under the Developer, but against none other, and that such Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees. 4. The District understands and acknowledges that the District is accepting all Improvements described and conveyed herein in their “as-is” condition; provided, however, the Developer hereby specifically warrants that such Improvements and all work associated with the design and installation of such Improvements shall be free from any defective workmanship and all materials and equipment used in the installation of such Improvements were new and of good quality as is customarily used for the installation of such Improvements. This warranty shall survive the conveyance of the Improvements for a period of two (2) years. 5. This Agreement may be executed in any number of counterparts, including by electronic or digital signature in accordance with Chapter 668, Florida Statutes, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. [SIGNATURES APPEAR ON THE FOLLOWING PAGES] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-4 IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, by their proper officer thereunto duly authorized, as of the day and year first above written. BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:______________________________ Print: Elizabeth Manchester Title: Vice President STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _________, 2025, by Elizabeth Manchester as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 3 Bill of Sale Dowden West Community Development District – Starwood Phase N-4 COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-4 DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST: By: By: ____________________________ Print: Ralph Charles Bell Secretary/Asst. Secretary Title: Chairman STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Ralph Charles Bell, as Chairman of the Board of Supervisors of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, on its behalf, and was attested to by __________________________ as the Secretary/Assistant Secretary of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, on its behalf. Said person is [ ] personally known to me or [ ] has produced ______________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 4 Bill of Sale Dowden West Community Development District – Starwood Phase N-4 EXHIBIT “A” IMPROVEMENTS • The Roadway alley (with stormwater conveyance system) on Tract 4C of the Property; • The Stormwater Pond on Tract 4L of the Property; • The Wetlands & Wetland Buffer on Tract 4E of the Property; • The Roadway alley (with stormwater conveyance system) on Tract 4F of the Property; and • The Roadway alley (with stormwater conveyance system) on Tract 4J of the Property. PROPERTY Tracts 4L, 4E, 4C, 4F and 4J, STARWOOD PHASE N-4, according to the Plat thereof, as recorded in Plat Book 114, Pages 119 through 125, of the Public Records of Orange County, Florida. Bill of Sale Dowden West Community Development District – Starwood Phase N-4 OWNER’S AFFIDAVIT Dowden West Community Development District – Starwood Phase N-4 STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Elizabeth Manchester (“Affiant”) as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Owner”), who being first duly sworn on oath says: 1. That Affiant knows of her own knowledge that the Owner is the fee simple title holder to certain lands located in Orange County, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant as the Vice President of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. That the Property and Improvements, as described in the Special Warranty Deed and Bill of Sale Absolute and Agreement dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters affecting title included in the plat of Starwood Phase N-4, as recorded in Plat Book 114, Pages 119 through 125, of the Official Records of Orange County, Florida (the “Plat”) and in the ALTA Commitment for Title Insurance issued by First American Title Insurance Company, Commitment No. 2240-2819029, with an effective date of April 18, 2025 at 8:00 A.M. (the “Title Commitment”). 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or the Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property or the Improvements which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. 6. That Affiant knows of no action or proceeding relating to the Property or the Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or the Improvements. Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-4 7. That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Dowden West Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements and to induce First American Title Insurance Company to issue a title policy covering the Property. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Title Commitment and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to the District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of ________; (v) has a mailing address of 4901 Vineland Road, Suite 450, Orlando, Florida 32811. Affiant understands that this certification may be disclosed to the Internal Revenue Service by the District and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. Affiant is an officer or representative of Owner, and Affiant attests that Owner does not use coercion for labor or services as defined in Section 787.06, Florida Statutes. Under penalty of perjury, I hereby declare and affirm that the above stated facts are true and correct. 12. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he/she has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] 2 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-4 FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By:________________________________ (Print Name) Print: Elizabeth Manchester (Signature) Title: Vice President (Print Name) STATE OF FLORIDA COUNTY OF ______________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida (SEAL) Print Name: _______________________________ Comm. Exp.: __________; Comm. No.: _________ 3 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-4 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tracts 4L, 4E, 4C, 4F and 4J, STARWOOD PHASE N-4, according to the Plat thereof, as recorded in Plat Book 114, Pages 119 through 125, of the Public Records of Orange County, Florida. IMPROVEMENTS • The Roadway alley (with stormwater conveyance system) on Tract 4C of the Property; • The Stormwater Pond on Tract 4L of the Property; • The Wetlands & Wetland Buffer on Tract 4E of the Property; • The Roadway alley (with stormwater conveyance system) on Tract 4F of the Property; and • The Roadway alley (with stormwater conveyance system) on Tract 4J of the Property. 4 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-4 AGREEMENT REGARDING TAXES Dowden West Community Development District – Starwood Phase N-4 THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this ____ day of ______, 2025, by and between BEACHLINE SOUTH RESIDENTAL, LLC, a Florida limited liability company, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (“Developer”), and DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“District”). WITNESSETH WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property to the District by Special Warranty Deed; and WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Orange County Property Appraiser because of the District’s status as a governmental entity; and WHEREAS, in conjunction with the conveyance of the Property from Developer to the District, Developer and the District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property. NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows: 1. The above recitals are true and correct and are incorporated herein by reference. 2. Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2024 and all prior years have been paid in full. 3. Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2025, subject to the adjustment of the amount of the ad-valorem taxes and assessments for 2025 if the Property is deemed exempt in accordance with Section 5 hereof. Agreement Regarding Taxes Dowden West Community Development District – Starwood Phase N-4 4. District shall, within thirty (30) days of receipt, forward to the Developer, at its address set forth above and via U.S. mail, any correspondence, notice or bill from Orange County Tax Collector relating to the Property for tax year 2025 that the District actually receives in its office. 5. Subsequent to the District’s acceptance of the Property, and only in the event the Property is not conveyed to another governmental entity or the Property is not otherwise deemed exempt already, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Orange County Property Appraiser and, subsequent to tax year 2025, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property. 6. Developer hereby agrees to pay any and all excise or documentary stamp taxes (including documentary stamp tax and intangible tax) plus any penalties or late charges, now due and owing or hereinafter assessed in connection with this Agreement and/or the Special Warranty Deed between Developer and District dated as of even date herewith. [SIGNATURE PAGE FOLLOWS] SIGNATURE PAGE TO AGREEMENT REGARDING TAXES Dowden West Community Development District – Starwood Phase N-4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above. WITNESSES: X ______________________________ Print: ___________________________ X ______________________________ Print: ___________________________ BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:___________________________________ Print: Elizabeth Manchester Title: Vice President DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST X ______________________________ By: ___________________________________ Print: _________________________ Print: __________________________________ Secretary/Asst. Secretary Title: __________________________________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY PROPERTY Tracts 4L, 4E, 4C, 4F and 4J, STARWOOD PHASE N-4, according to the Plat thereof, as recorded in Plat Book 114, Pages 119 through 125, of the Public Records of Orange County, Florida. 4 Agreement Regarding Taxes Dowden West Community Development District – Starwood Phase N-4 CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District – Phase N-4 I, Reinardo Malave, of Dewberry Engineers Inc., a New York corporation, and licensed to provide professional engineering services to the public in the State of Florida under Florida Certificate of Authorization No. 8794, with offices located at 800 N. Magnolia Ave., Suite 1000, Orlando, Florida 32803 (“Dewberry”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Dewberry, currently serve as District Engineer to the Dowden West Community Development District (the “District”). 2. That the District proposes to accept from BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (“Developer”), for ownership, operation and maintenance, certain infrastructure improvements and personal property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), made in, on, over, under and through the land described in Exhibit “A” attached hereto and incorporated herein by reference. Any Improvements being conveyed to the District is being transferred at only nominal cost to the District; therefore no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Improvements from the Developer to the District and the District’s conveyance of the Improvements to Orange County, Florida. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have personally viewed the Improvements and the materials deemed necessary to make the statements herein. The Improvements are in a condition acceptable for acceptance by the District and conveyance by the District to Orange County, Florida. 5. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. 6. The plans and specifications for Improvements have been approved by all Regulatory Bodies required to approve them (specifying such Regulatory Bodies) or such approval can reasonably be expected to be obtained. The Property and Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Property and Improvements, if any, that have actually been provided to Dewberry are being held by Dewberry as records of the District on its behalf. 1 7. The Improvements were constructed in a sound workmanlike manner and in accordance with industry standards. The purchase price to be paid by the District for the Improvements is no more than the lesser of (i) the fair market value of such Improvements; and (ii) the actual cost of construction of such Improvements. [SIGNATURES ON FOLLOWING PAGE] SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District Phase N-4 DATED: _______________, 2025 Witness: ___________________________ _______________________________________ Print: ______________________________ Reinardo Malave, PE State of Florida License No.: 35188 on behalf of the company, Dewberry Engineers Inc. Witness: ___________________________ Print: ______________________________ STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by REINARDO MALAVE of Dewberry Engineers Inc., a New York corporation, on behalf of said corporation. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ 3 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tract 4L, according to the STARWOOD PHASE N-4 plat, as recorded in Plat Book 114, Page 119, Public Records of Orange County, Florida. Tract 4E, according to the STARWOOD PHASE N-4 plat, as recorded in Plat Book 114, Page 119, Public Records of Orange County, Florida. Tract 4C, according to the STARWOOD PHASE N-4 plat, as recorded in Plat Book 114, Page 119, Public Records of Orange County, Florida. Tract 4F, according to the STARWOOD PHASE N-4 plat, as recorded in Plat Book 114, Page 119, Public Records of Orange County, Florida. Tract 4J, according to the STARWOOD PHASE N-4 plat, as recorded in Plat Book 114, Page 119, Public Records of Orange County, Florida. IMPROVEMENTS 4 RESOLUTION 2025-08 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYNACE OF REAL PROPERTY AND INFRASTRUCTURE IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of real property and infrastructure improvements, as more particularly described in the Special Warranty Deed, Bill of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District; and WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Approval of Acquisition and Transfer of the Real Property and Improvements. The Board hereby approves the transfer and acceptance of the infrastructure improvements described in Exhibit “A,” to the District, and approves and accepts the documents evidencing such conveyances in Exhibit “A.” 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the real property and improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] Resolution 2025-08 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 15th day of May, 2025. DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Special Warranty Deed between Beachline South Residential, LLC and the Dowden West Community Development District; 2. Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District; 3. Owner’s Affidavit; 4. Agreement Regarding Taxes; 5. Certificate of District Engineer Resolution 2025-08 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO: Jan Albanese Carpenter, Esq. Latham, Luna, Eden & Beaudine, LLP P.O. Box 3353 Orlando, Florida 32802 Parcel ID Nos. 03-24-31-8960-05-004 03-24-31-8960-05-002 03-24-31-8960-05-008 03-24-31-8960-05-003 03-24-31-8960-05-009 NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B-4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein. SPECIAL WARRANTY DEED Dowden West Community Development District – Starwood Phase N-5 THIS SPECIAL WARRANTY DEED made as of this ____ day of _______, 2025 by BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (the “Grantor”), whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811, to DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district (the “Grantee”) whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801. (Whenever used herein the terms “Grantor” and “Grantee” include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations). That the Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situated in Orange County, Florida, more particularly described as follows (the “Property”). SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD, the same in fee simple forever. AND Grantor does hereby covenant with Grantee that Grantor is lawfully seized of said land in fee simple; that Grantor has good right and lawful authority to sell and convey this land; that Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same), taxes for the year 2025 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other. 1 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-5 IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed in its name, the day and year first above written. Signed, sealed and delivered in our presence: “GRANTOR” BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By: ________________________________ (Print Name) Address: 4901 Vineland Road, Suite 450, Print: Elizabeth Manchester Orlando, Florida 32811 Title: Vice President (Signature) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (Print Name) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ____________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public Print Name:____________________ My Commission expires: _________ My Commission No.: ____________ 2 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-5 EXHIBIT “A” DESCRIPTION OF THE PROPERTY Tracts 5D, 5B, 5H, 5C, and 5I STARWOOD PHASE N-5, according to the Plat thereof, as recorded in Plat Book 116, Page 110, of the Public Records of Orange County, Florida. 3 Special Warranty Deed Dowden West Community Development District -Starwood Phase N-5 BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-5 THIS BILL OF SALE ABSOLUTE AND AGREEMENT (this “Agreement”) is made as of this ____ day of ____________, 2025, by and between DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (hereinafter referred to as “Developer”) whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811. RECITALS WHEREAS, Developer owns certain improvements, equipment and personal property located within the boundaries of the District on the real property described on Exhibit “A” attached hereto (the “Property”), and the extent, nature and location of such improvements, equipment and personal property is more fully set forth in Exhibit “A” attached hereto (collectively, the “Improvements”); and WHEREAS both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; and WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance of the Improvements from the Developer. NOW, THEREFORE, the parties hereto hereby agree to and acknowledge the following: 1. The above recitals are true and correct and are hereby incorporated into this Agreement. 2. KNOW ALL MEN BY THESE PRESENTS that Developer, of the County of Orange and the State of Florida, for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements located on the Property, to have and to hold the same unto the District, its executors, administrators and assigns forever. 3. The Developer represents and warrants to the District that to the best of Developer’s knowledge, Developer has good and lawful right, title and interest in the Improvements located on the Property and that such Improvements are free and clear of any and all liens, encumbrances, claims and demands, Developer will freely and fully warrant and defend such Improvements 1 Bill of Sale Dowden West Community Development District – Starwood Phase N-5 against the lawful claims of any person claiming by, through or under the Developer, but against none other, and that such Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees. 4. The District understands and acknowledges that the District is accepting all Improvements described and conveyed herein in their “as-is” condition; provided, however, the Developer hereby specifically warrants that such Improvements and all work associated with the design and installation of such Improvements shall be free from any defective workmanship and all materials and equipment used in the installation of such Improvements were new and of good quality as is customarily used for the installation of such Improvements. This warranty shall survive the conveyance of the Improvements for a period of two (2) years. 5. This Agreement may be executed in any number of counterparts, including by electronic or digital signature in accordance with Chapter 668, Florida Statutes, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. [SIGNATURES APPEAR ON THE FOLLOWING PAGES] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-5 IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, by their proper officer thereunto duly authorized, as of the day and year first above written. BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:______________________________ Print: Elizabeth Manchester Title: Vice President STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _________, 2025, by Elizabeth Manchester as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 3 Bill of Sale Dowden West Community Development District – Starwood Phase N-5 COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – Starwood Phase N-5 DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST: By: By: ____________________________ Print: Ralph Charles Bell Secretary/Asst. Secretary Title: Chairman STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Ralph Charles Bell, as Chairman of the Board of Supervisors of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, on its behalf, and was attested to by __________________________ as the Secretary/Assistant Secretary of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, on its behalf. Said person is [ ] personally known to me or [ ] has produced ______________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 4 Bill of Sale Dowden West Community Development District – Starwood Phase N-5 EXHIBIT “A” IMPROVEMENTS PROPERTY Tracts 5D, 5B, 5H, 5C, and 5I STARWOOD PHASE N-5, according to the Plat thereof, as recorded in Plat Book 116, Page 110, of the Public Records of Orange County, Florida. Bill of Sale Dowden West Community Development District – Starwood Phase N-5 OWNER’S AFFIDAVIT Dowden West Community Development District – Starwood Phase N-5 STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Elizabeth Manchester (“Affiant”) as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Owner”), who being first duly sworn on oath says: 1. That Affiant knows of her own knowledge that the Owner is the fee simple title holder to certain lands located in Orange County, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant as the Vice President of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. That the Property and Improvements, as described in the Special Warranty Deed and Bill of Sale Absolute and Agreement dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters affecting title included in the plat of Starwood Phase N-5, as recorded in Plat Book 116, Page 110, of the Official Records of Orange County, Florida (the “Plat”) and in the ALTA Commitment for Title Insurance issued by First American Title Insurance Company, Commitment No. _________, with an effective date of ________ at 8:00 A.M. (the “Title Commitment”). 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or the Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property or the Improvements which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. 6. That Affiant knows of no action or proceeding relating to the Property or the Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or the Improvements. Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-5 7. That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Dowden West Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements and to induce First American Title Insurance Company to issue a title policy covering the Property. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Title Commitment and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to the District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of ________; (v) has a mailing address of 4901 Vineland Road, Suite 450, Orlando, Florida 32811. Affiant understands that this certification may be disclosed to the Internal Revenue Service by the District and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. Affiant is an officer or representative of Owner, and Affiant attests that Owner does not use coercion for labor or services as defined in Section 787.06, Florida Statutes. Under penalty of perjury, I hereby declare and affirm that the above stated facts are true and correct. 12. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he/she has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] 2 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-5 FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By:________________________________ (Print Name) Print: Elizabeth Manchester (Signature) Title: Vice President (Print Name) STATE OF FLORIDA COUNTY OF ______________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida (SEAL) Print Name: _______________________________ Comm. Exp.: __________; Comm. No.: _________ 3 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-5 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tracts 5D, 5B, 5H, 5C, and 5I STARWOOD PHASE N-5, according to the Plat thereof, as recorded in Plat Book 116, Page 110, of the Public Records of Orange County, Florida. IMPROVEMENTS • 4 Owner’s Affidavit (2025) Dowden West Community Development District – Starwood Phase N-5 AGREEMENT REGARDING TAXES Dowden West Community Development District – Starwood Phase N-5 THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this ____ day of ______, 2025, by and between BEACHLINE SOUTH RESIDENTAL, LLC, a Florida limited liability company, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (“Developer”), and DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“District”). WITNESSETH WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property to the District by Special Warranty Deed; and WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Orange County Property Appraiser because of the District’s status as a governmental entity; and WHEREAS, in conjunction with the conveyance of the Property from Developer to the District, Developer and the District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property. NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows: 1. The above recitals are true and correct and are incorporated herein by reference. 2. Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2024 and all prior years have been paid in full. 3. Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2025, subject to the adjustment of the amount of the ad-valorem taxes and assessments for 2025 if the Property is deemed exempt in accordance with Section 5 hereof. Agreement Regarding Taxes Dowden West Community Development District – Starwood Phase N-5 4. District shall, within thirty (30) days of receipt, forward to the Developer, at its address set forth above and via U.S. mail, any correspondence, notice or bill from Orange County Tax Collector relating to the Property for tax year 2025 that the District actually receives in its office. 5. Subsequent to the District’s acceptance of the Property, and only in the event the Property is not conveyed to another governmental entity or the Property is not otherwise deemed exempt already, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Orange County Property Appraiser and, subsequent to tax year 2025, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property. 6. Developer hereby agrees to pay any and all excise or documentary stamp taxes (including documentary stamp tax and intangible tax) plus any penalties or late charges, now due and owing or hereinafter assessed in connection with this Agreement and/or the Special Warranty Deed between Developer and District dated as of even date herewith. [SIGNATURE PAGE FOLLOWS] SIGNATURE PAGE TO AGREEMENT REGARDING TAXES Dowden West Community Development District – Starwood Phase N-5 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above. WITNESSES: X ______________________________ Print: ___________________________ X ______________________________ Print: ___________________________ BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:___________________________________ Print: Elizabeth Manchester Title: Vice President DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST X ______________________________ By: ___________________________________ Print: _________________________ Print: __________________________________ Secretary/Asst. Secretary Title: __________________________________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY PROPERTY Tracts 5D, 5B, 5H, 5C, and 5I STARWOOD PHASE N-5, according to the Plat thereof, as recorded in Plat Book 116, Page 110, of the Public Records of Orange County, Florida. 4 Agreement Regarding Taxes Dowden West Community Development District – Starwood Phase N-5 CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District – Phase N-5 I, Reinardo Malave, of Dewberry Engineers Inc., a New York corporation, and licensed to provide professional engineering services to the public in the State of Florida under Florida Certificate of Authorization No. 8794, with offices located at 800 N. Magnolia Ave., Suite 1000, Orlando, Florida 32803 (“Dewberry”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Dewberry, currently serve as District Engineer to the Dowden West Community Development District (the “District”). 2. That the District proposes to accept from BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (“Developer”), for ownership, operation and maintenance, certain infrastructure improvements and personal property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), made in, on, over, under and through the land described in Exhibit “A” attached hereto and incorporated herein by reference. Any Improvements being conveyed to the District is being transferred at only nominal cost to the District; therefore no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Improvements from the Developer to the District and the District’s conveyance of the Improvements to Orange County, Florida. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have personally viewed the Improvements and the materials deemed necessary to make the statements herein. The Improvements are in a condition acceptable for acceptance by the District and conveyance by the District to Orange County, Florida. 5. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. 6. The plans and specifications for Improvements have been approved by all Regulatory Bodies required to approve them (specifying such Regulatory Bodies) or such approval can reasonably be expected to be obtained. The Property and Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Property and Improvements, if any, that have actually been provided to Dewberry are being held by Dewberry as records of the District on its behalf. 1 7. The Improvements were constructed in a sound workmanlike manner and in accordance with industry standards. The purchase price to be paid by the District for the Improvements is no more than the lesser of (i) the fair market value of such Improvements; and (ii) the actual cost of construction of such Improvements. [SIGNATURES ON FOLLOWING PAGE] SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District Phase N-5 DATED: _______________, 2025 Witness: ___________________________ _______________________________________ Print: ______________________________ Reinardo Malave, PE State of Florida License No.: 35188 on behalf of the company, Dewberry Engineers Inc. Witness: ___________________________ Print: ______________________________ STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by REINARDO MALAVE of Dewberry Engineers Inc., a New York corporation, on behalf of said corporation. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ 3 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tracts 5D, 5B, 5H, 5C, and 5I STARWOOD PHASE N-5, according to the Plat thereof, as recorded in Plat Book 116, Page 110, of the Public Records of Orange County, Florida. IMPROVEMENTS 4 RESOLUTION 2025-09 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYNACE OF REAL PROPERTY AND INFRASTRUCTURE IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of real property and infrastructure improvements, as more particularly described in the Special Warranty Deed, Bill of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District; and WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Approval of Acquisition and Transfer of the Real Property and Improvements. The Board hereby approves the transfer and acceptance of the infrastructure improvements described in Exhibit “A,” to the District, and approves and accepts the documents evidencing such conveyances in Exhibit “A.” 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the real property and improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] Resolution 2025-09 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 15th day of May, 2025. DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Special Warranty Deed between Beachline South Residential, LLC and the Dowden West Community Development District; 2. Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District; 3. Owner’s Affidavit; 4. Agreement Regarding Taxes; 5. Certificate of District Engineer Resolution 2025-09 Accepting Conveyances from Beachline South Residential, LLC Dowden West Community Development District THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO: Jan Albanese Carpenter, Esq. Latham, Luna, Eden & Beaudine, LLP P.O. Box 3353 Orlando, Florida 32802 Parcel ID Nos. 34-23-31-1930-00-004 34-23-31-1930-00-002 34-23-31-1930-00-003 34-23-31-1930-00-007 34-23-31-1930-00-008 34-23-31-1930-00-009 34-23-31-1930-10-000 34-23-31-1930-11-000 34-23-31-1930-12-000 34-23-31-1930-00-005 34-23-31-1930-00-006 NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B-4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein. SPECIAL WARRANTY DEED Dowden West Community Development District – East West Connector 2A THIS SPECIAL WARRANTY DEED made as of this ____ day of _______, 2025 by BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (the “Grantor”), whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811, to DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district (the “Grantee”) whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801. (Whenever used herein the terms “Grantor” and “Grantee” include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations). That the Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situated in Orange County, Florida, more particularly described as follows (the “Property”). SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD, the same in fee simple forever. AND Grantor does hereby covenant with Grantee that Grantor is lawfully seized of said land in fee simple; that Grantor has good right and lawful authority to sell and convey this land; that 1 Special Warranty Deed Dowden West Community Development District -East West Connector 2A Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same), taxes for the year 2025 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other. IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed in its name, the day and year first above written. Signed, sealed and delivered in our presence: “GRANTOR” BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By: ________________________________ (Print Name) Address: 4901 Vineland Road, Suite 450, Print: Elizabeth Manchester Orlando, Florida 32811 Title: Vice President (Signature) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (Print Name) Address: 4901 Vineland Road, Suite 450, Orlando, Florida 32811 STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ____________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public Print Name:____________________ My Commission expires: _________ My Commission No.: ____________ 2 Special Warranty Deed Dowden West Community Development District -East West Connector 2A EXHIBIT “A” DESCRIPTION OF THE PROPERTY Tracts D, B, C, G, H, I, J, K, L, E and F EAST WEST CONNECTOR ROAD SEGMENT 2, according to the Plat thereof, as recorded in Plat Book 114, Page 114, of the Public Records of Orange County, Florida. 3 Special Warranty Deed Dowden West Community Development District -East West Connector 2A BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – East West Connector 2A THIS BILL OF SALE ABSOLUTE AND AGREEMENT (this “Agreement”) is made as of this ____ day of ____________, 2025, by and between DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (hereinafter referred to as “Developer”) whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811. RECITALS WHEREAS, Developer owns certain improvements, equipment and personal property located within the boundaries of the District on the real property described on Exhibit “A” attached hereto (the “Property”), and the extent, nature and location of such improvements, equipment and personal property is more fully set forth in Exhibit “A” attached hereto (collectively, the “Improvements”); and WHEREAS both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; and WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance of the Improvements from the Developer. NOW, THEREFORE, the parties hereto hereby agree to and acknowledge the following: 1. The above recitals are true and correct and are hereby incorporated into this Agreement. 2. KNOW ALL MEN BY THESE PRESENTS that Developer, of the County of Orange and the State of Florida, for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements located on the Property, to have and to hold the same unto the District, its executors, administrators and assigns forever. 3. The Developer represents and warrants to the District that to the best of Developer’s knowledge, Developer has good and lawful right, title and interest in the Improvements located on the Property and that such Improvements are free and clear of any and all liens, encumbrances, claims and demands, Developer will freely and fully warrant and defend such Improvements 1 Bill of Sale Dowden West Community Development District – East West Connector 2A against the lawful claims of any person claiming by, through or under the Developer, but against none other, and that such Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees. 4. The District understands and acknowledges that the District is accepting all Improvements described and conveyed herein in their “as-is” condition; provided, however, the Developer hereby specifically warrants that such Improvements and all work associated with the design and installation of such Improvements shall be free from any defective workmanship and all materials and equipment used in the installation of such Improvements were new and of good quality as is customarily used for the installation of such Improvements. This warranty shall survive the conveyance of the Improvements for a period of two (2) years. 5. This Agreement may be executed in any number of counterparts, including by electronic or digital signature in accordance with Chapter 668, Florida Statutes, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. [SIGNATURES APPEAR ON THE FOLLOWING PAGES] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – East West Connector 2A IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, by their proper officer thereunto duly authorized, as of the day and year first above written. BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:______________________________ Print: Elizabeth Manchester Title: Vice President STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _________, 2025, by Elizabeth Manchester as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 3 Bill of Sale Dowden West Community Development District – East West Connector 2A COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Dowden West Community Development District – East West Connector 2A DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST: By: By: ____________________________ Print: Ralph Charles Bell Secretary/Asst. Secretary Title: Chairman STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Ralph Charles Bell, as Chairman of the Board of Supervisors of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, on its behalf, and was attested to by __________________________ as the Secretary/Assistant Secretary of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, on its behalf. Said person is [ ] personally known to me or [ ] has produced ______________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 4 Bill of Sale Dowden West Community Development District – East West Connector 2A EXHIBIT “A” IMPROVEMENTS PROPERTY Tracts D, B, C, G, H, I, J, K, L, E and F EAST WEST CONNECTOR ROAD SEGMENT 2, according to the Plat thereof, as recorded in Plat Book 114, Page 114, of the Public Records of Orange County, Florida. Bill of Sale Dowden West Community Development District – Starwood Phase N-5 OWNER’S AFFIDAVIT Dowden West Community Development District – East West Connector 2A STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Elizabeth Manchester (“Affiant”) as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Owner”), who being first duly sworn on oath says: 1. That Affiant knows of her own knowledge that the Owner is the fee simple title holder to certain lands located in Orange County, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant as the Vice President of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. That the Property and Improvements, as described in the Special Warranty Deed and Bill of Sale Absolute and Agreement dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters affecting title included in the plat of East West Connector 2A, as recorded in Plat Book 114, Page 114, of the Official Records of Orange County, Florida (the “Plat”) and in the ALTA Commitment for Title Insurance issued by First American Title Insurance Company, Commitment No. _______, with an effective date of ___________ at 8:00 A.M. (the “Title Commitment”). 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or the Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property or the Improvements which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. 6. That Affiant knows of no action or proceeding relating to the Property or the Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or the Improvements. Owner’s Affidavit (2025) Dowden West Community Development District – East West Connector 2A 7. That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Dowden West Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements and to induce First American Title Insurance Company to issue a title policy covering the Property. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Title Commitment and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to the District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of ________; (v) has a mailing address of 4901 Vineland Road, Suite 450, Orlando, Florida 32811. Affiant understands that this certification may be disclosed to the Internal Revenue Service by the District and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. Affiant is an officer or representative of Owner, and Affiant attests that Owner does not use coercion for labor or services as defined in Section 787.06, Florida Statutes. Under penalty of perjury, I hereby declare and affirm that the above stated facts are true and correct. 12. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he/she has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] 2 Owner’s Affidavit (2025) Dowden West Community Development District – East West Connector 2A FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By:________________________________ (Print Name) Print: Elizabeth Manchester (Signature) Title: Vice President (Print Name) STATE OF FLORIDA COUNTY OF ______________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida (SEAL) Print Name: _______________________________ Comm. Exp.: __________; Comm. No.: _________ 3 Owner’s Affidavit (2025) Dowden West Community Development District – East West Connector 2A EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tracts D, B, C, G, H, I, J, K, L, E and F EAST WEST CONNECTOR ROAD SEGMENT 2, according to the Plat thereof, as recorded in Plat Book 114, Page 114, of the Public Records of Orange County, Florida. IMPROVEMENTS • 4 Owner’s Affidavit (2025) Dowden West Community Development District – East West Connector 2A AGREEMENT REGARDING TAXES Dowden West Community Development District – East West Connector 2A THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this ____ day of ______, 2025, by and between BEACHLINE SOUTH RESIDENTAL, LLC, a Florida limited liability company, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (“Developer”), and DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“District”). WITNESSETH WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property to the District by Special Warranty Deed; and WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Orange County Property Appraiser because of the District’s status as a governmental entity; and WHEREAS, in conjunction with the conveyance of the Property from Developer to the District, Developer and the District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property. NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows: 1. The above recitals are true and correct and are incorporated herein by reference. 2. Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2024 and all prior years have been paid in full. 3. Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2025, subject to the adjustment of the amount of the ad-valorem taxes and assessments for 2025 if the Property is deemed exempt in accordance with Section 5 hereof. Agreement Regarding Taxes Dowden West Community Development District – East West Connector 2A 4. District shall, within thirty (30) days of receipt, forward to the Developer, at its address set forth above and via U.S. mail, any correspondence, notice or bill from Orange County Tax Collector relating to the Property for tax year 2025 that the District actually receives in its office. 5. Subsequent to the District’s acceptance of the Property, and only in the event the Property is not conveyed to another governmental entity or the Property is not otherwise deemed exempt already, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Orange County Property Appraiser and, subsequent to tax year 2025, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property. 6. Developer hereby agrees to pay any and all excise or documentary stamp taxes (including documentary stamp tax and intangible tax) plus any penalties or late charges, now due and owing or hereinafter assessed in connection with this Agreement and/or the Special Warranty Deed between Developer and District dated as of even date herewith. [SIGNATURE PAGE FOLLOWS] SIGNATURE PAGE TO AGREEMENT REGARDING TAXES Dowden West Community Development District – East West Connector 2A IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above. WITNESSES: X ______________________________ Print: ___________________________ X ______________________________ Print: ___________________________ BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:___________________________________ Print: Elizabeth Manchester Title: Vice President DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST X ______________________________ By: ___________________________________ Print: _________________________ Print: __________________________________ Secretary/Asst. Secretary Title: __________________________________ EXHIBIT “A” DESCRIPTION OF THE PROPERTY PROPERTY Tracts D, B, C, G, H, I, J, K, L, E and F EAST WEST CONNECTOR ROAD SEGMENT 2, according to the Plat thereof, as recorded in Plat Book 114, Page 114, of the Public Records of Orange County, Florida. 4 Agreement Regarding Taxes Dowden West Community Development District – East West Connector 2A CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District – East West Connector 2A I, Reinardo Malave, of Dewberry Engineers Inc., a New York corporation, and licensed to provide professional engineering services to the public in the State of Florida under Florida Certificate of Authorization No. 8794, with offices located at 800 N. Magnolia Ave., Suite 1000, Orlando, Florida 32803 (“Dewberry”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Dewberry, currently serve as District Engineer to the Dowden West Community Development District (the “District”). 2. That the District proposes to accept from BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (“Developer”), for ownership, operation and maintenance, certain infrastructure improvements and personal property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), made in, on, over, under and through the land described in Exhibit “A” attached hereto and incorporated herein by reference. Any Improvements being conveyed to the District is being transferred at only nominal cost to the District; therefore no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Improvements from the Developer to the District and the District’s conveyance of the Improvements to Orange County, Florida. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have personally viewed the Improvements and the materials deemed necessary to make the statements herein. The Improvements are in a condition acceptable for acceptance by the District and conveyance by the District to Orange County, Florida. 5. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. 6. The plans and specifications for Improvements have been approved by all Regulatory Bodies required to approve them (specifying such Regulatory Bodies) or such approval can reasonably be expected to be obtained. The Property and Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Property and Improvements, if any, that have actually been provided to Dewberry are being held by Dewberry as records of the District on its behalf. 1 7. The Improvements were constructed in a sound workmanlike manner and in accordance with industry standards. The purchase price to be paid by the District for the Improvements is no more than the lesser of (i) the fair market value of such Improvements; and (ii) the actual cost of construction of such Improvements. [SIGNATURES ON FOLLOWING PAGE] SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Dowden West Community Development District -East West Connector 2A DATED: _______________, 2025 Witness: ___________________________ _______________________________________ Print: ______________________________ Reinardo Malave, PE State of Florida License No.: 35188 on behalf of the company, Dewberry Engineers Inc. Witness: ___________________________ Print: ______________________________ STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by REINARDO MALAVE of Dewberry Engineers Inc., a New York corporation, on behalf of said corporation. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ 3 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY Tracts D, B, C, G, H, I, J, K, L, E and F EAST WEST CONNECTOR ROAD SEGMENT 2, according to the Plat thereof, as recorded in Plat Book 114, Page 114, of the Public Records of Orange County, Florida. IMPROVEMENTS 4 RESOLUTION 2025-10 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYNACE OF INFRASTRUCTURE IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT AND FROM THE DISTRICT TO ORANGE COUNTY, FLORIDA; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of infrastructure improvements, as more particularly described in the Bills of Sale Absolute and Agreement, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District, and thereafter from the District to Orange County, Florida, a charter county and political subdivision of the State of Florida (hereinafter, “Orange County”); and WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Approval of Acquisition and Transfer of the Improvements. The Board hereby approves the transfer and acceptance of the infrastructure improvements described in Exhibit “A,” to the District and thereafter to Orange County, and approves and accepts the documents evidencing such conveyances in Exhibit “A.” 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] Resolution 2025-10 Approving Utilities Conveyance from Developer to District and then from District to Orange County (Phase N-5) Dowden West Community Development District PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 15th day of May, 2025 DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District; 2. Bill of Sale Absolute and Agreement between the Dowden West Community Development District and Orange County, Florida; 3. Owner’s Affidavit; and 4. Certificate of District Engineer Resolution 2025-10 Approving Utilities Conveyance from Developer to District and then from District to Orange County (Phase N-5) Dowden West Community Development District BILL OF SALE ABSOLUTE AND AGREEMENT Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) Dowden West Community Development District THIS BILL OF SALE ABSOLUTE AND AGREEMENT (this “Agreement”) is made as of this ____ day of ____________, 2025, by and between DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (hereinafter referred to as “Developer”) whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811. RECITALS WHEREAS, Developer owns certain pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, fittings, equipment, and related improvements (collectively, the “Improvements”) located on the real property described on Exhibit “A-1” attached hereto (the “Property”), which comprise a portion of the potable water, reclaimed water and sanitary sewer system located within the boundaries of the District, as more specifically depicted on Exhibit “A-2” attached hereto (the “System”); and WHEREAS, both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements for the System located on the Property, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; and WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance of the Improvements from the Developer. NOW, THEREFORE, the parties hereto hereby agree to and acknowledge the following: 1. The above recitals are true and correct and are hereby incorporated into this Agreement. 2. KNOW ALL MEN BY THESE PRESENTS that Developer, of the County of Orange and the State of Florida, for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements for the System located on the Property, to have and to hold the same unto the District, its executors, administrators and assigns forever. 3. The Developer represents and warrants to the District that to the best of Developer’s knowledge, Developer has good and lawful right, title and interest in the Improvements for the System located on the Property and that such Improvements are free and clear of any and all liens, encumbrances, claims and demands, Developer will freely and fully warrant and defend such Improvements against the lawful claims of any person claiming by, through or under the Developer, but against none other, and that such Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees. Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District 4. The District understands and acknowledges that the District is accepting all Improvements described and conveyed herein in their “as-is” condition; provided, however, the Developer hereby specifically warrants that such Improvements and all work associated with the design and installation of such Improvements shall be free from any defective workmanship and all materials and equipment used in the installation of such Improvements were new and of good quality as is customarily used for the installation of such Improvements. This warranty shall survive the conveyance of the Improvements for a period of two (2) years. 5. This Agreement may be executed in any number of counterparts, including by electronic or digital signature in accordance with Chapter 668, Florida Statutes, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. [SIGNATURES APPEAR ON THE FOLLOWING PAGES] COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, by their proper officer thereunto duly authorized, as of the day and year first above written. BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company By:______________________________ Print: Elizabeth Manchester Title: Vice President STATE OF FLORIDA COUNTY OF ORANGE The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _________, 2025, by Elizabeth Manchester as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 3 Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District COUNTERPART SIGNATURE PAGE TO BILL OF SALE ABSOLUTE AND AGREEMENT Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district ATTEST: By: _________________________________ By: ____________________________ Print: Ralph Charles Bell Secretary/Asst. Secretary Title: Chairman STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of _____________, 2025, by Chuck Bell, as Chairman of the Board of Supervisors of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, on its behalf, and was attested to by __________________________ as the Secretary/Assistant Secretary of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, on its behalf. Said person is [ ] personally known to me or [ ] has produced ______________________ as identification. Notary Public; State of Florida Print Name: My Commission Expires: My Commission No.: 4 Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District EXHIBIT “A” IMPROVEMENTS All pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, fittings, equipment, and related improvements located on the real property described on Exhibit “A-1”, which comprise a portion of the potable water, reclaimed water and sanitary sewer system, as more specifically depicted on Exhibit “A-2”. Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District EXHIBIT “A-1” PROPERTY STARWOOD N-5 LEGAL DESCRIPTION: Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District EXHIBIT “A-2” SYSTEM ATTACHED. Bill of Sale-(BSR to CDD) (Phase N-5 Potable Water, Reclaimed Water & Sanitary Sewer System Improvements-2025) Dowden West Community Development District DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT 219 E. LIVINGSTON STREET ORLANDO, FLORIDA 32801 Bill of Sale Water, Reclaimed Water & Sanitary Sewer System Meridian Parks Phase N-5 {OCU Permit [_____]} Dowden West Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“Seller”), for and in consideration of the sum of one dollar ($1.00) and other valuable consideration paid to Seller by County of Orange, a charter county and political subdivision of the State of Florida (“Buyer”), the receipt and sufficiency of which are hereby acknowledged does hereby grant, sell, transfer, convey and deliver to Buyer all pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, lift stations, fittings, equipment, and other goods that comprise the water, reclaimed water and sanitary sewer system installed by Seller and located on the County easements or rights-of-way as shown on the record drawings, more specifically described as follows: PROJECT: Meridian Parks Phase N-5 Plat Book 116 Page 110 Please see the attached Exhibit “A” – Legal Description Section 34 Township 23 South, Range 31 East and Section 3 Township 24 South, Range 31 East Orange County, Florida Buyer shall have all rights and title to the goods in itself and its assigns. Seller warrants that it is the lawful owners of the goods and the goods are free from all liens and encumbrances. Seller has good right to sell the goods and will warrant and defend the right against the lawful claims and demands of all persons. By: Name: Title: ________________________ IN WITNESS WHEREOF, Seller has executed this Agreement at , Florida on , 2025. SIGNED, SEALED AND DELIVERED IN THE PRESENCE OF: By: Witness Attest: Exhibit A STARWOOD N-5 LEGAL DESCRIPTION: OWNER’S AFFIDAVIT Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) Dowden West Community Development District STATE OF FLORIDA COUNTY OF ORANGE BEFORE ME, the undersigned authority, personally appeared Elizabeth Manchester (“Affiant”) as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Owner”), who being first duly sworn on oath says as of January 10, 2025: 1. That Affiant knows of her own knowledge that, as of the date of that certain Bill of Sale Absolute and Agreement Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5), dated as of ____________________, 2025, entered into by and between Dowden West Community Development District and Owner (the “Bill of Sale”), the Owner was the owner of certain pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, fittings, equipment, and related improvements, as described on Exhibit “A” attached hereto, and as more specifically depicted on Exhibit “A-2” of the Bill of Sale (the “Improvements”), which Improvements are located on certain real property in Orange County, Florida, as more particularly described on Exhibit “A-1” attached hereto (the “Land”), and that Affiant as the Vice President of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually. 2. That the Improvements and Land, as described in the Bill of Sale, are free and clear of all liens and encumbrances except for the restrictions, covenants, conditions, easements and other matters of record, including but not limited to matters affecting title included in that certain plat of Starwood Phase N-5, as recorded on November 18, 2024, in Plat Book 116, Page 110 of the Official Records of Orange County, Florida (the “Plat”), and taxes for the year 2025 and subsequent years. 3. That Affiant knows of no facts by reason of which the title to, or possession of, the Improvements might be disputed or questioned, or by reason of which any claim to any part of the Improvements might be asserted adversely to Owner. 4. That there have been no liens filed against the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Improvements which bills may have been incurred during the last ninety (90) days. 5. That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors. Owner’s Affidavit (2025) Dowden West Community Development District 6. That Affiant knows of no action or proceeding relating to the Improvements which is now pending in any state or federal court in the United States affecting the Improvements, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Improvements. 7. Affiant knows of no special assessments or taxes which are not shown as existing liens by the public records. 8. That this Affidavit is given for the purposes of inducing the Dowden West Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Improvements to the District and for the District’s future conveyances to Orange County, Florida. 9. That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Improvements between the recording date of the Plat and the effective date of the Bill of Sale for this conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect ownership of the Improvements. 10. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to the District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of ________; (v) has a mailing address of 4901 Vineland Road, Suite 450, Orlando, Florida 32811. Affiant understands that this certification may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District and LLEB are relying on this certification in determining whether withholding is required upon said transfer. 11. Affiant is an officer or representative of Owner, and Affiant attests that Owner does not use coercion for labor or services as defined in Section 787.06, Florida Statutes. Under penalty of perjury, I hereby declare and affirm that the above stated facts are true and correct. 12. That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he/she has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects. [SIGNATURES ON FOLLOWING PAGE] FURTHER AFFIANT SAYETH NAUGHT. DATED: _________________ , 2025 Signed, sealed and delivered in our presence: BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (Signature) By:________________________________ (Print Name) Print: Elizabeth Manchester (Signature) Title: Vice President (Print Name) STATE OF FLORIDA COUNTY OF ______________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by Elizabeth Manchester, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [ ] personally known to me or [ ] has produced ___________________ as identification. Notary Public; State of Florida (SEAL) Print Name: _______________________________ Comm. Exp.: __________; Comm. No.: _________ 3 Owner’s Affidavit (2025) Dowden West Community Development District EXHIBIT “A” IMPROVEMENTS All pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, fittings, equipment, and related improvements located on the real property described on Exhibit “A-1” attached hereto, which comprise a portion of the potable water, reclaimed water and sanitary sewer system, as more specifically depicted on Exhibit “A-2” of that certain Bill of Sale Absolute and Agreement Potable Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5), dated as of [__________, 2025], entered into by and between Dowden West Community Development District and Beachline South Residential, LLC. Owner’s Affidavit (2025) Dowden West Community Development District EXHIBIT “A-1” STARWOOD N-5 LEGAL DESCRIPTION: 5 Owner’s Affidavit (2025) Dowden West Community Development District CERTIFICATE OF DISTRICT ENGINEER Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) Dowden West Community Development District I, Reinardo Malave, of Dewberry Engineers Inc., a New York corporation, and licensed to provide professional engineering services to the public in the State of Florida under Florida Certificate of Authorization No. 8794, with offices located at 800 N. Magnolia Ave., Suite 1000, Orlando, Florida 32803 (“Dewberry”), hereby acknowledge and certify the following, to the best of my knowledge, information and belief, to be true and correct in all respects: 1. That I, through Dewberry, currently serve as District Engineer to the Dowden West Community Development District (the “District”). 2. That the District proposes to accept from BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (“Developer”), for ownership, operation and maintenance, certain infrastructure improvements and personal property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), made in, on, over, under and through the land described in Exhibit “A” attached hereto and incorporated herein by reference. Any Improvements being conveyed to the District is being transferred at only nominal cost to the District; therefore no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered. 3. That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Improvements from the Developer to the District and the District’s conveyance of the Improvements to Orange County, Florida. The District will rely on this Certification for such purposes. 4. That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have personally viewed the Improvements and the materials deemed necessary to make the statements herein. The Improvements are in a condition acceptable for acceptance by the District and conveyance by the District to Orange County, Florida. 5. That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer. 6. The plans and specifications for Improvements have been approved by all Regulatory Bodies required to approve them (specifying such Regulatory Bodies) or such approval can reasonably be expected to be obtained. The Property and Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Property and Improvements, if any, that have 1 actually been provided to Dewberry are being held by Dewberry as records of the District on its behalf. 7. The Improvements were constructed in a sound workmanlike manner and in accordance with industry standards. The purchase price to be paid by the District for the Improvements is no more than the lesser of (i) the fair market value of such Improvements; and (ii) the actual cost of construction of such Improvements. SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER Water, Reclaimed Water & Sanitary Sewer System Improvements (Phase N-5) Dowden West Community Development District DATED: _______________, 2025 Witness: ___________________________ _______________________________________ Print: ______________________________ Reinardo Malave, PE State of Florida License No.: 35188 on behalf of the company, Dewberry Engineers Inc. Witness: ___________________________ Print: ______________________________ STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this _____ day of ___________, 2025, by REINARDO MALAVE of Dewberry Engineers Inc., a New York corporation, on behalf of said corporation. Said person is [ ] personally known to me or [ ] has produced a valid driver’s license as identification. Notary Public; State of Florida (SEAL) Print Name: ________________________ Comm. Exp.: _______________________ Comm. No.: ________________________ 3 EXHIBIT “A” DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY STARWOOD N-5 LEGAL DESCRIPTION: A PORTION PARTICULARLY OF SECTION DESCRIBED 34, TOWNSHIP 23 SOUTH, RANGE 31 EAST, AND SECTION 3, TOWNSHIP 24 SOUTH, RANGE 31 EAST, ORANGE COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHWEST CORNER OF SAID SECTION 3; THENCE S6S21'19"E, ALONG THAT CERTAIN LINE BETWEEN SAID NORTHWEST CORNER OF SAID SECTION 3 AND THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 3, A DISTANCE OF 3752.70 FEET TO THE POINT OF BEGINNING; THENCE DEPARTING SAID CERTAIN LINE RUN, N14'35'41"W, A DISTANCE OF 367.89 FEET,· THENCE N64'40'07"W, A DISTANCE OF 186.52 FEET,· THENCE N04'33'16"W, A DISTANCE OF 471.86 FEET; THENCE N0675'44"W, A DISTANCE OF 694.15 FEET,· THENCE N22"56'20"W, A DISTANCE OF 543.54 FEET,· THENCE S53"51'21"E, A DISTANCE OF 71.98 FEET; THENCE N36'08'39"E, A DISTANCE OF 50.00 FEET,· THENCE S53"51'21"E, A DISTANCE OF 280.08 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 1005.00 FEET, A CENTRAL ANGLE OF 01'10'13 A CHORD BEARING OF S54'26'28"E AND A CHORD DISTANCE OF 20.53 FEET,· THENCE RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 20.53 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE WESTERLY HAVING A RADIUS OF 15.00 FEET, A CENTRAL ANGLE OF 86'20'47 A CHORD BEARING OF S11"51'11"E AND A CHORD DISTANCE OF 20.53 FEET,· THENCE RUN SOUTHERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 22.61 FEET TO A POINT OF TANGENCY,· THENCE S3179'12"W, A DISTANCE OF 5.85 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 1025.00 FEET, A CENTRAL ANGLE OF 05'35'31 A CHORD BEARING OF S58'40'48"E AND A CHORD DISTANCE OF 100.00 FEET,· THENCE RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 100.04 FEET TO THE END OF SAID CURVE,· THENCE N3179'12"E, A DISTANCE OF 5.85 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 15.00 FEET, A CENTRAL ANGLE OF 38'28'17'; A CHORD BEARING OF N50'33'21"E AND A CHORD DISTANCE OF 9.88 FEET,· THENCE RUN EASTERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 10.07 FEET TO A POINT OF REVERSE CURVATURE OF A CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 1010.00 FEET, A CENTRAL ANGLE OF 19·79'54•; A CHORD BEARING OF S71'22'06"E AND A CHORD DISTANCE OF 339.16 FEET; THENCE RUN EASTERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 340.78 FEET TO THE POINT OF TANGENCY; THENCE S81'02'03"E, A DISTANCE OF 196.57 FEET,· THENCE 4 508'57'57"W, A DISTANCE OF 45.00 FEET; THENCE 581"02'03"£, A DISTANCE OF 108.76 FEET TO A POINT OF CURVATURE OF A CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 942.00 FEET, A CENTRAL ANGLE OF 02'13'03 A CHORD BEARING OF 579"55'31"E AND A CHORD DISTANCE OF 36.46 FEET,· THENCE RUN EASTERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 36.46 FEET TO THE END OF SAID CURVE; THENCE 506'27'17"W, A DISTANCE OF 238.74 FEET,· THENCE 516'53'30"[, A DISTANCE OF 1403.95 FEET; THENCE 526'38'4/"W, A DISTANCE OF 449.68 FEET TO A POINT ON THAT CERTAIN LINE BETWEEN SAID NORTHWEST CORNER OF SAID SECTION 3 AND THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 3; THENCE N63'21'19"W, ALONG THAT CERTAIN LINE BETWEEN SAID NORTHWEST CORNER OF SAID SECTION 3 AND THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 3, A DISTANCE OF 752.69 FEET TO THE POINT OF BEGINNING. CONTAINING 1,792,189 SQUARE FEET OR 41.14 ACRES MORE OR LESS. IMPROVEMENTS All pipes, lines, valves, gate valves, valve boxes, thrust blocks, hydrants, manholes, fittings, equipment, and other goods which comprise the water, reclaimed water and sanitary sewer system, and related improvements. 5 RESOLUTION 2025-11 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT RATIFYING THE CONVEYNACE OF INFRASTRUCTURE IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT AND FROM THE DISTRICT TO ORANGE COUNTY, FLORIDA; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of infrastructure improvements, as more particularly described in the Bills of Sale Absolute and Agreement, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District, and thereafter from the District to Orange County, Florida, a charter county and political subdivision of the State of Florida (hereinafter, “Orange County”); and WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows: 1. Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution. 2. Ratification of Acquisition and Transfer of the Improvements. The Board hereby ratifies the transfer and acceptance of the infrastructure improvements described in Exhibit “A,” to the District and thereafter to Orange County, and ratifies and accepts the documents evidencing such conveyances in Exhibit “A.” 3. Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution. 4. Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District. 5. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 6. Effective Date. This Resolution shall take effect immediately upon its adoption. [Continues on the Following Pages] Resolution 2025-11 Ratifying Utilities Conveyance from Developer to District and then from District to Orange County (Phase 2B) Dowden West Community Development District PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 15th day of May, 2025. DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district Attest: ______________________________ By: __________________________________ Print: _________________________ Name: _______________________________ Secretary/Asst. Secretary Title: _________________________________ EXHIBIT “A” CONVEYANCE DOCUMENTS 1. Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District; 2. Bill of Sale Absolute and Agreement between the Dowden West Community Development District and Orange County, Florida; 3. Owner’s Affidavit; and 4. Certificate of District Engineer Resolution 2025-11 Ratifying Utilities Conveyance from Developer to District and then from District to Orange County (Phase 2B) Dowden West Community Development District RESOLUTION 2025-12 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR THE APPOINTMENT OF AN ASSISTANT TREASURER OF THE DISTRICT; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Dowden West Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within City of Orlando, Orange County, Florida; and WHEREAS, the Board of Supervisors of the District desires to appoint an Assistant Treasurer. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. Patti Powers is appointed Assistant Treasurer. SECTION 2. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 15th day of May, 2025. ATTEST: DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT Secretary/Assistant Secretary Chairperson, Board of Supervisors FORM OF REQUISITION DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024 The undersigned, a Responsible Officer of Dowden West Community Development District (the "Issuer") hereby submits the following requisition for disbursement under and pursuant to the terms of the of the Master Trust Indenture from the Issuer to US Bank, as trustee (the "Trustee"), dated as of November 1, 2018, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture): (A) Requisition Number: 2 Date: May 06, 2025 (B) Name of Payee: MATTAMY HOMES. (C) Amount Payable: $2,990,736.87 (D) Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): MERIDIAN PARK N-4 FINAL PAY APPLICATION (enclosed). (E) Fund or Account from which disbursement to be made: Series 2024 Construction and Acquisition Account 224152005. The undersigned hereby certifies that: 1. Obligations in the stated amount set forth above have been incurred by the District; 2. Each disbursement set forth above is a proper charge against the Acquisition and Construction Fund referenced in "E" above; 3. Each disbursement set forth above was incurred in connection with the acquisition and/or construction of the 2024 project; 4. Each disbursement represents a Cost of the 2024 Project which has not previously been paid; and 5. The costs set forth in the requisition are reasonable. The undersigned hereby further certifies that there has not been filed with or served upon the Issuer notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof. The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the Issuer is at the date of such certificate entitled to retain. Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested. DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT By: Responsible Officer CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY If this requisition is for a disbursement for other than Cost of Issuance., the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof. By: Consulting Engineer Reinardo Malave, PEDewberry Engineers Inc. 5-7-25 Dowden West Community Development District Unaudited Financial Reporting April 30, 2025 A picture containing text Description automatically generated 1 2-3 4567 8-9 10 11 Month to Month Long Term Debt Report Table of Contents Balance Sheet General Fund Debt Service Fund Series 2018 Capital Project Fund Series 2018 Assessment Receipt Schedule Debt Service Fund Series 2024 Capital Project Fund Series 2024 General Debt Service Capital Project Totals Fund Fund Fund Governmental Fund DCAausOssehpe f:tersor:amti nGge nAecrcaolu Fnutnd $ 8 9 2 , 7 5 - $ 6 , 0 -44 $ - - $ 8 9 62,,074745 InvSSeeePRRCRIRsrrntiioreeeeeemtenssvvssepeeeee sr22arrtnnne00rvvystuuuee12smteec:84teinotn ------- 5221 10021 179382 ,,,,,, 219604 664720 255590 - 2 , 9 8 0 , 3 6 ------ 2 , 52219 100218 1793820,,,,,,,219604366472032555906 Prepaid Expenses 1,010 - - 1,010 Total Assets $ 893,785 $ 1,078,520 $ 2,980,336 $ 4,952,641 Liabilities: ADcuceo tuon Dtse Pbat ySaebrvleice $ 2 06,,704484 $ - - $ - - $ 2 06,,704484 Total Liabilities $ 26,792 $ - $ - $ 26,792 NRUFuenoPDCsnanratesdsrepbspi piciBtegta taSanneiledldde aPr da Ivfnrtboioecclrjmeee:e::cst $ 8 6 15 ,, 09 18 02 -- $ 1 , 0 7 8 , 5 - 2 0 -- $ 2 , 9 8 0 , 3 - 6 -- $ 12 ,, 098 786 1805,,,,053912380062 Total Fund Balances $ 866,993 $ 1,078,520 $ 2,980,336 $ 4,925,849 Total Liabilities & Fund Balance $ 893,785 $ 1 ,078,520 $ 2 ,980,336 $ 4 ,952,641 Dowden West Community Development District Combined Balance Sheet April 30, 2025 Page 1 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5t ThruA 0c4tu/a3l0/25 Variance Revenues: AD Assessveeesslossmmpeeernn Cttsso n-- tTDraiirbxeu Rcttoiollns $ 168501227,,,319196147 $ 18 51 27 ,, 39 16 17 - $ 18 51 21 ,, 32 10 16 - $ ( 6 , 7 6 ( 01 -)) Total Revenues $ 1,572,472 $ 9 70,278 $ 9 63,517 $ (6,761) Expenditures: General & Administrative: SPEODAADTAAMTWIPPILOnnueRronretrnstfuiasfestfihubgpslsg-noenionuesbeFaetscieisruetrptaranstselrIr,mirna ame ggCihs ne vALaCtSnleemeeAoeaige gidiuusAy cm cnrtn F&eveo&Mpreieiuaee onrneer pRn dtGDaeenB nrgtilFseiisn toeie titAeneTebin nntlsFstseida edie vCe esAnt&mcirenheenhgga raiasSngelnynr unLoigcbsilteeoatssrbgcaryitliiipotytnions $ 124 252535552617 ,,,,,,,,,,,, 401010609025838772510080707500501045560500405051000070000000 $ 12 1184255644 ,,,,,,,,,, 411175109287144473 0065784505197933378 0770534100720558858 - $ 2 52245462 ,,,,,,,, 16504102 74760 377054452399335 0594604103620512 -- -- $ 1 13212 ,,,,, 415 1 54014413 0082775101782 ( 07786700155063 ------) Total General & Administrative $ 125,502 $ 77,873 $ 55,037 $ 22,836 Dowden West Page 2 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5t ThruA 0c4tu/a3l0/25 Variance Dowden West Operations & Maintenance Contract Services LFLMaiaeikntlieddg saMMctaiaaopinnneat MgeMenoamaninneitctnoeetrnianngce $ 7 41917790,,,,052003500080 $ 4 621 6705,,,,242831234763 $ 2 31 706 ,,, 726 825 360 - $ 2 22 805 ,,, 478 563 1073 Repairs & Maintenance GLOIASriaelprglnnieengdyeraaasrwgtactieiaaoln ypRng e Me RS pReauaepipinpraptslilear i&necsesa Mmncaeeinnttenance 2 20753 ,,,,, 505505000000000000 1 14122 ,,,,, 423690597614825772 1 22 ,, 93 67 25 ---- ( 11222 ,,,,, 422090599014825072) Utilities ESWtlreaecteetrtril ci&g hSteswer 31 630614,,,022028050 1 936308,,,258103500 83 82 ,, 997898926 1 023477,,,287231684 Other CPoronptienrgtye nIncysurance 2 57,,060707 1 74,,657874 1 66,,798947 ( 2 , 260800) Total Operating & Maintenance $ 1,446,970 $ 8 47,265 $ 4 16,543 $ 430,722 Total Expenditures $ 1,572,472 $ 9 25,138 $ 4 71,580 $ 453,558 Excess (Deficiency) of Revenues over Expenditures $ - $ 45,140 $ 491,937 $ 446,797 Net Change in Fund Balance $ - $ 45,140 $ 4 91,937 $ 446,797 Fund Balance - Beginning $ - $ 375,056 Fund Balance - Ending $ - $ 866,993 Page 3 Dowden West Community Development District Debt Service Fund Series 2018 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5 ThruA 0c4tu/a3l0/25 Variance Revenues: I Anstseersessmt Iennctosm - eTax Roll $ 4 2 0 , 7 4 - $ 4 2 0 , 7 4 - $ 4 1107,,320636 $ 1 (03,,340738) Total Revenues $ 4 20,744 $ 4 20,744 $ 4 27,569 $ 6 ,825 Expenditures: IIPnnrttieenrrceeipsstta l-- -15 51//1/11 $ 111 515404,,,000707303 $ 1 5 4 , 0 7 3 -- $ 1 5 4 , 0 7 3 -- $ --- Total Expenditures $ 4 18,145 $ 1 54,073 $ 1 54,073 $ - Excess (Deficiency) of Revenues over Expendi $ 2,599 $ 266,672 $ 273,497 $ 6,825 Other Financing Sources/(Uses): Transfer In/(Out) $ - $ - $ 11,262 $ 1 1,262 Total Other Financing Sources/(Uses) $ - $ - $ 11,262 $ 1 1,262 Net Change in Fund Balance $ 2,599 $ 2 66,672 $ 2 84,759 $ 18,087 Fund Balance - Beginning $ 228,256 $ 447,947 Fund Balance - Ending $ 230,855 $ 732,706 Page 4 Dowden West Community Development District Debt Service Fund Series 2024 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5 ThruA 0c4tu/a3l0/25 Variance Revenues: IA Ansstsseeerssesssmmt Ieennncttossm -- eTDairxe Rctoll $ 1 56 86 ,, 07 72 55 - $ 1 56 86 ,, 77 82 55 - $ 1 56 844,,,796886569 $ ( 42 ,,90 85 66 -) Total Revenues $ 2 24,800 $ 2 25,510 $ 2 28,440 $ 2 ,930 Expenditures: IIPnnrttieenrrceeipsstta l-- -15 51//1/11 $ 1 580063,,,037014009 $ 1 0 3 , 7 4 9 -- $ 1 0 3 , 7 4 9 -- $ --- Total Expenditures $ 2 40,059 $ 1 03,749 $ 1 03,749 $ - Excess (Deficiency) of Revenues over Expendi $ (15,259) $ 121,761 $ 124,691 $ 2,930 Net Change in Fund Balance $ (15,259) $ 1 21,761 $ 1 24,691 $ 2 ,930 Fund Balance - Beginning $ 103,749 $ 221,124 Fund Balance - Ending $ 88,490 $ 345,814 Page 5 Dowden West Community Development District Capital Projects Fund Series 2018 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5t ThruA 0c4tu/a3l0/25 Variance Revenues Interest Income $ - $ - $ 1 27 $ 1 27 Total Revenues $ - $ - $ 127 $ 127 Expenditures: Capital Outlay $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - Excess (Deficiency) of Revenues over Expen $ - $ - $ 127 $ 127 Other Financing Sources/(Uses) Transfer In/(Out) $ - $ - $ (11,262) $ (11,262) Total Other Financing Sources (Uses) $ - $ - $ (11,262) $ (11,262) Net Change in Fund Balance $ - $ (11,135) Fund Balance - Beginning $ - $ 11,135 Fund Balance - Ending $ - $ - Page 6 Dowden West Community Development District Capital Projects Fund Series 2024 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2025 Adopted Budget PTrhorrua t0e4d/ B3u0d/2ge5t ThruA 0c4tu/a3l0/25 Variance Revenues Interest Income $ - $ - $ 76,564 $ 76,564 Total Revenues $ - $ - $ 76,564 $ 76,564 Expenditures: Capital Outlay $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - Excess (Deficiency) of Revenues over Expen $ - $ - $ 76,564 $ 76,564 Net Change in Fund Balance $ - $ 76,564 Fund Balance - Beginning $ - $ 2,903,772 Fund Balance - Ending $ - $ 2,980,336 Page 7 Dowden West Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Revenues: AAsssseessssmmeennttss -- TDairxe Rctoll $ 7 6 , 1 -56 $ 2 7 , 8 5 3 - $ 4 0 , 7 5 4 - $ 1318,,309778 $ 5 0 1 , 3 7 3 - $ 2 1 , 4 0 3 - $ 3 88,,402768 $ - - $ - - $ - - $ - - $ - - $ 811512,,230161 Total Revenues $ 76,156 $ 27,853 $ 40,754 $ 49,475 $ 501,373 $ 221,403 $ 46,504 $ - $ - $ - $ - $ - $ 963,517 Expenditures: General & Administrative: Supervisor Fees - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ PR-FICA - - - - - - - - - - - - - Engineering 130 1,844 1,440 800 1,040 320 - - - - - - 5,574 Attorney 338 52 52 504 1,034 26 - - - - - - 2,006 Arbitrage Rebate - - - 450 - - - - - - - - 450 Dissemination Agent 306 306 306 306 306 306 306 - - - - - 2,144 Annual Audit - - - - - - - - - - - - - Trustee Fees 1,010 - - 3,030 - - - - - - - - 4,041 Assessment Administration 5,250 - - - - - - - - - - - 5,250 Management Fees 3,542 3,542 3,542 3,542 3,542 3,542 3,542 - - - - - 24,792 Information Technology 105 105 105 105 105 105 105 - - - - - 735 Website Maintenance 70 70 70 70 70 70 70 - - - - - 490 Telephone - - - - - - - - - - - - - Postage & Delivery 1 - - - - 26 9 - - - - - 36 Printing & Binding - - - - 6 17 - - - - - - 23 Insurance General Liability 6,631 - - - - - - - - - - - 6,631 Legal Advertising 1,043 - 249 514 246 - - - - - - - 2,052 Office Supplies 0 - - - - 0 0 - - - - - 0 Other Current Charges 48 41 40 47 47 67 349 - - - - - 639 Dues, Licenses & Subscriptions 175 - - - - - - - - - - - 175 Total General & Administrative 18,650 $ 5,960 $ 5,805 $ 9,368 $ 6,395 $ 4,478 $ 4,381 $ - $ - $ - $ - $ - $ 55,037 $ Month to Month Page 8 Dowden West Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Month to Month Operations & Maintenance Contract FLLMiaaiekntlieddg saMMctaiaaopinnn eSat MgeeMenroamvaniinneiccttneoeetsrnianngce $ 2 16 ,, 946 567 019 - $ 2 16 ,, 946 567 019 - $ 2 16 ,, 946 567 019 - $ 2 16 ,, 946 567 019 - $ 2 18 ,, 942 567 019 - $ 5 11 ,, 943 569 015 - $ 5 11 ,, 943 569 015 - $ - --- $ - --- $ - --- $ - --- $ - --- $ 2 13 607 ,,, 627 528 063 - Repairs & Maintenance ISLGAOriaelprglnnieengdeyraaasrwgtactieaialon ypRng e Me RS pRaeuaeippinpraptslielar i&ncseeas Mmncaeeinnttenance 15 ,, 02 17 23 ---- 7 , 7 5 0 ----- 3 8 2 ----- ------ 4 8 3 ----- ------ 4 3 7 ----- ------ ------ ------ ------ ------ 1 22 ,, 39 76 52 ---- Utilities SEWtleraecteetrtril ci&g hSteswer 1 62 ,, 167 170167 1 42 ,, 137190177 1 42 ,, 187180117 1 42 ,, 147 100277 1 32 ,, 177080997 1 42 ,, 137140137 1 42 ,, 157205000 --- --- --- --- --- 38 28 ,, 799889629 Other CProonptienrgtye nIncysurance 26,,395977 2 , 3 5 7 - 2 , 3 5 7 - $ 2 , 4 2 8 - 2 , 4 2 8 - 2 , 4 2 8 - 2 , 4 2 8 - -- -- -- -- -- 1 66,,979874 Total Operations & Maintenance $ 64,222 $ 56,412 $ 49,527 $ 48,743 $ 50,206 $ 73,394 $ 74,040 $ - $ - $ - $ - $ - $ 416,543 Total Expenditures $ 82,872 $ 62,372 $ 55,331 $ 58,111 $ 56,601 $ 77,872 $ 78,421 $ - $ - $ - $ - $ - $ 471,580 Excess (Deficiency) of Revenues ove $ (6,716) $ (34,519) $ (14,577) $ (8,636) $ 444,772 $ 143,531 $ (31,918) $ - $ - $ - $ - $ - $ 491,937 Net Change in Fund Balance $ (6,716) $ (34,519) $ (14,577) $ (8,636) $ 444,772 $ 143,531 $ (31,918) $ - $ - $ - $ - $ - $ 491,937 Page 9 Dowden West Community Development District Long Term Debt Report Interest Rate: 4.35%, 4.85%, 5.40%, 5.55% Maturity Date: 5/1/2049 Reserve Fund Definition 50% of Maximum Annual Debt Service Reserve Fund Requirement $209,945 Reserve Fund Balance 209,945 Bonds Outstanding - 02/02/2018 $6,170,000 Less: Principal Payment - 05/01/20 ($90,000) Less: Principal Payment - 05/01/21 ($95,000) Less: Principal Payment - 05/01/22 ($100,000) Less: Principal Payment - 05/01/23 ($100,000) Less: Principal Payment - 05/01/24 ($105,000) Current Bonds Outstanding $5,680,000 Reserve Fund Definition Lesser of: (i) MADS (ii) 125% of Annual DS (iii) 10% of original proceeds Reserve Fund Requirement $112,400 Reserve Fund Balance 112,400 Interest Rate: $610,000.00 4.40% Maturity Date: 5/1/2034 $990,000.00 5.25% 5/1/2044 $1,710,000.00 5.55% 5/1/2054 Bonds Outstanding - 03/31/2024 $3,310,000 Current Bonds Outstanding $3,310,000 Series 2018, Special Assessment Revenue Bonds Series 2024, Special Assessment Revenue Bonds Page 10 Gross Net A Asssesesssmsmeenntsts $$ 88 1707,,196777 $$ 44 2407,,670404 $$ 116766,,064401 $$ 11 ,,440944,,471527 58% 30% 12% 100% Date Gross Amount Commissions Discount/Penalty Interest Net Receipts O&M Portion Series 2018 Debt Service Series 2024 Debt Service Total 000011111111222234/////////011111122034455566/////////222222222444445555 $ 38 1233499 023455666,,,,,,,,,003455909334568806004788916 $ 6 --------32 $ 13 55 ,, 885 136171 ,03,7, 732228...504676812749492236 $ 7 ------88 $ 38 4311368 163046901,,,,,,,,,250145702498457734128035713 $ 25 211102 439381711,,,,,,,,,126453934866270907937683379 $ 12 115 129134579,,,,,,,,,489388882148346891024124552 $ 1 04 3411234 ,,,,,,, 997367797114113472014034556 $ 38 3468113 136014960,,,,,,,,,052024517489347745281130357 TOTAL $ 1,450,972 $ 632 $ 57,989 $ 788 $ 1 ,393,139 $ 8 11,205 $ 4 17,266 $ 164,669 $ 1,393,139 99% Net Percent Collected $ 11,613 Balance Remaining to Collect GNroest sA Asssesesssmsmeenntsts $$ 11 5622,,031313..4411 $$ -- $$ 65 28,,570588..5087 $$ 221214,,054619..4979 Net Amount Net Amount 2024 O&M 2018 Debt 2024 Debt Transfer to Due Date O&M Assessed Debt Assessed Collected Collected Collected Debt Service 11/01/24 $ 76,156 $ 29,393 $ 76,156 $ - $ 29,393 Chk# 419 - 10/21 02/01/25 38,078 14,696 38,078 - 14,696 Chk# 464 - 03/28 05/01/25 38,078 14,696 38,078 - 14,696 Chk # 12 - 04/21 TOTAL $ 1 52,311 $ 58,785 $ 1 52,311 $ - $ 58,785 Balance Due $ - $ - $ - Direct Assessment Schedule Fiscal Year 2025 DIRECT BILL Dowden West Community Development District Special Assessment Receipt Schedule Fiscal Year 2025 ON ROLL ASSESSMENTS Page 11