GIR East Community Development District

Meeting Agenda November 5, 2025

Agenda

GIR East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
October 29, 2025

Board of Supervisors GIR East
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of GIR East Community Development District will be held on Wednesday, November 5, 2025 at 3:00 PM, or shortly thereafter as reasonably possible, at 3850 Canoe Creek Road, Saint Cloud, FL. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the October 1, 2025 Meeting
Consideration of Resolution 2026-01 Amending the Fiscal Year 2026 Budget
Consideration of Resolution 2026-02 Approving Merger Agreement with the Waterlin Stewardship District, Authorizing Further Actions as Are Necessary for Merger Process and Setting a Public Hearing
Merger Agreement
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Other Business
Supervisor’s Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,
George S. Flint
George S. Flint District Manager

Cc:	Alyssa Willson, District Counsel Strickland Smith, District Engineer

Enclosures

Minutes

MINUTES OF MEETING GIR EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the GIR East Community Development District was held Wednesday, October 1, 2025 at 3:00 p.m. at 3850 Canoe Creek Road, Saint Cloud, Florida.

Present and constituting a quorum were:

Mike Liquori	Chairman
Chancy Summers	Assistant Secretary
David Hulme	Assistant Secretary Also present were:
George Flint	District Manager
Michelle Rigoni by phone	District Counsel
Strickland Smith by phone	District Engineer

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Three Supervisors were present in person constituting a quorum.
SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint noted there were no members of the public present other than Board and staff.

THIRD ORDER OF BUSINESS	Approval of Minutes of the September 3,
2025 Meeting
Mr. Flint presented the minutes from the September 3, 2025 meeting and asked for any comments or corrections. The Board had no changes to the minutes.

On MOTION by Mr. Liquori, seconded by Mr. Hulme, with all in favor, the Minutes of the September 3, 2025 Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Acquisition of Roadway
and	Related	Improvements	–	Under Separate Cover

October 1, 2025	GIR East CDD

Mr. Flint presented the Acquisition of Roadway and Related Improvements, which had been carried over from the previous agenda. The improvements include a potable water main, a reclaim main, and a force (sewer) main, with respective not-to-exceed amounts of $4 million, $3.5 million, and $4 million, for a total of $11.5 million. Additionally, a separate $2 million allocation was noted for work products related to Waterland Boulevard off-site utilities, landscaping design, and similar items. The Board authorized acquisition in phases for a total not-to-exceed amount of
$11.5 million, plus the previously approved $2 million for work products.

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, the Acquisition of Roadway and Related Improvements, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rigoni had nothing additional to report to the Board.

Engineer
Mr. Smith had nothing to report.

District Manager’s Report
Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through the end of August. He noted that the expenses are well under budget with only $70,000 of the $142,000 having been submitted for funding requests. There were no questions, and no action is required by the Board.
Ratification of Funding Request #47
Mr. Flint presented Funding Request #47 and asked the Board for ratification. He noted that this is the developer funding agreement to bind the District’s liability insurance for FY26, which began today. The insurance includes both general liability and public officials’ liability coverage, providing protection for the Board. It was also noted that property insurance will be added in the future as assets are conveyed to the district, and that liability costs may increase once merged into the Stewardship District.

On MOTION by Mr. Liquori, seconded by Mr. Hulme, with all in favor, Funding Request #47, was ratified.

October 1, 2025	GIR East CDD

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

SEVENTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2026-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT APPROVING AMENDEDMENTS TO THE BUDGET FOR FISCAL YEAR 2026 AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, pursuant to Resolution 2025-11 the GIR East Community Development District Board of Supervisors (the “Board”) adopted a Budget for Fiscal Year 2026; and
WHEREAS, the Board desires to add the Series 2025 Debt Service Fund and excess revenues for Fiscal Year 2026.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT:

The Budget for Fiscal Year 2026 is hereby amended and restated as set forth on the Amended Budget Fiscal Year 2026 attached hereto as “Exhibit A”.

This Resolution shall take effect immediately upon adoption and be reflected in the monthly and Fiscal Year End 9/30/2026 Financial Statements and Audit Report of the District.

PASSED AND ADOPTED THIS 5th DAY OF NOVEMBER, 2025.

ATTEST:	BOARD OF SUPERVISORS OF THE GIR	EAST	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:		

GIR East
Community Development District

Amended Budget
FY2026

GIR East
Community Development District
Amended Budget Series 2025

Adopted Budget
Description	FY2025	Actuals Thru 9/30/25	Projected Next
0 Months	Total Projected 9/30/25	Amended Budget FY2026	

Revenues				
Assessments - Direct	$	-	$	666,887	$	-	$	666,887	$  1,307,988	
Interest	$	-	$	15,213	$	-	$	15,213	$	2,500	
Carry Forward Surplus (1)	$	-	$	-	$	-	$	-	$  1,336,093	
Total Revenues	$	-	$	682,100	$	-	$	682,100	$ 2,646,581	

Expenditures				

Interest Expense - 11/1	
$	-	$	-	$	-	$	-	$	666,887	
Principal Expense - 5/1	$	-	$	-	$	-	$	-	$	285,000	
Interest Expense - 5/1	$	-	$	-	$	-	$	-	$	512,990	
Total Expenditures	$	-	$	-	$	-	$	-	$ 1,464,877	

Other Financing Sources/(Uses)											
Bond Proceeds	$	-	$	653,994	$	-	$	653,994	$	-	
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	653,994	$	-	$	653,994	$	-	
				
Excess Revenues/(Expenditures)	$	-	$  1,336,093	$	-	$  1,336,093	$  1,181,704	

(1) Net of Debt Service Reserve funds	

Interest Expense 11/1/26	

 $	506,863 	
	Total	$	506,863	

GIR East Community Development District
Capital Improvement Revenue Bonds, Series 2025

Date	Outstanding Balance		Principal		Interest		Total	
								
11/01/25	$	19,410,000.00			$	666,887.00	$	666,887.00	
05/01/26	$	19,410,000.00	$	285,000.00	$	512,990.00			
11/01/26	$	19,125,000.00			$	506,862.50	$	1,304,852.50	
05/01/27	$	19,125,000.00	$	300,000.00	$	506,862.50			
11/01/27	$	18,825,000.00			$	500,412.50	$	1,307,275.00	
05/01/28	$	18,825,000.00	$	310,000.00	$	500,412.50			
11/01/28	$	18,515,000.00			$	493,747.50	$	1,304,160.00	
05/01/29	$	18,515,000.00	$	325,000.00	$	493,747.50			
11/01/29	$	18,190,000.00			$	486,760.00	$	1,305,507.50	
05/01/30	$	18,190,000.00	$	340,000.00	$	486,760.00			
11/01/30	$	17,850,000.00			$	479,450.00	$	1,306,210.00	
05/01/31	$	17,850,000.00	$	355,000.00	$	479,450.00			
11/01/31	$	17,495,000.00			$	471,817.50	$	1,306,267.50	
05/01/32	$	17,495,000.00	$	370,000.00	$	471,817.50			
11/01/32	$	17,125,000.00			$	463,862.50	$	1,305,680.00	
05/01/33	$	17,125,000.00	$	390,000.00	$	463,862.50			
11/01/33	$	16,735,000.00			$	453,527.50	$	1,307,390.00	
05/01/34	$	16,735,000.00	$	410,000.00	$	453,527.50			
11/01/34	$	16,325,000.00			$	442,662.50	$	1,306,190.00	
05/01/35	$	16,325,000.00	$	430,000.00	$	442,662.50			
11/01/35	$	15,895,000.00	$	-	$	431,267.50	$	1,303,930.00	
05/01/36	$	15,895,000.00	$	455,000.00	$	431,267.50			
11/01/36	$	15,440,000.00			$	419,210.00	$	1,305,477.50	
05/01/37	$	15,440,000.00	$	480,000.00	$	419,210.00			
11/01/37	$	14,960,000.00			$	406,490.00	$	1,305,700.00	
05/01/38	$	14,960,000.00	$	505,000.00	$	406,490.00			
11/01/38	$	14,455,000.00			$	393,107.50	$	1,304,597.50	
05/01/39	$	14,455,000.00	$	535,000.00	$	393,107.50			
11/01/39	$	13,920,000.00			$	378,930.00	$	1,307,037.50	
05/01/40	$	13,920,000.00	$	560,000.00	$	378,930.00			
11/01/40	$	13,360,000.00			$	364,090.00	$	1,303,020.00	
05/01/41	$	13,360,000.00	$	595,000.00	$	364,090.00			
11/01/41	$	12,765,000.00			$	348,322.50	$	1,307,412.50	
05/01/42	$	12,765,000.00	$	625,000.00	$	348,322.50			
11/01/42	$	12,140,000.00			$	331,760.00	$	1,305,082.50	
05/01/43	$	12,140,000.00	$	660,000.00	$	331,760.00			
11/01/43	$	11,480,000.00			$	314,270.00	$	1,306,030.00	
05/01/44	$	11,480,000.00	$	695,000.00	$	314,270.00			
11/01/44	$	10,785,000.00			$	295,852.50	$	1,305,122.50	
05/01/45	$	10,785,000.00	$	735,000.00	$	295,852.50			
11/01/45	$	10,050,000.00			$	276,375.00	$	1,307,227.50	
05/01/46	$	10,050,000.00	$	775,000.00	$	276,375.00			
11/01/46	$	9,275,000.00			$	255,062.50	$	1,306,437.50	
05/01/47	$	9,275,000.00	$	820,000.00	$	255,062.50			
11/01/47	$	8,455,000.00			$	232,512.50	$	1,307,575.00	
05/01/48	$	8,455,000.00	$	865,000.00	$	232,512.50			
11/01/48	$	7,590,000.00			$	208,725.00	$	1,306,237.50	
05/01/49	$	7,590,000.00	$	915,000.00	$	208,725.00			
11/01/49	$	6,675,000.00			$	183,562.50	$	1,307,287.50	

GIR East Community Development District
Capital Improvement Revenue Bonds, Series 2025

Date	Outstanding Balance	Principal		Interest		Total	

05/01/50	
$	
6,675,000.00	$	
965,000.00	
$	
183,562.50			
11/01/50	$	5,710,000.00		$	157,025.00	$	1,305,587.50	
05/01/51	$	5,710,000.00	$	1,020,000.00	$	157,025.00			
11/01/51	$	4,690,000.00		$	128,975.00	$	1,306,000.00	
05/01/52	$	4,690,000.00	$	1,075,000.00	$	128,975.00			
11/01/52	$	3,615,000.00		$	99,412.50	$	1,303,387.50	
05/01/53	$	3,615,000.00	$	1,140,000.00	$	99,412.50			
11/01/53	$	2,475,000.00		$	68,062.50	$	1,307,475.00	
05/01/54	$	2,475,000.00	$	1,205,000.00	$	68,062.50			
11/01/54	$	1,270,000.00		$	34,925.00	$	1,307,987.50	
05/01/55	$	1,270,000.00	$	1,270,000.00	$	34,925.00			
11/01/55	$	-		$	-	$	1,304,925.00	
		$	19,410,000.00	$	20,433,957.00	$	39,843,957.00	

Section V

RESOLUTION 2026-02

A RESOLUTION OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT APPROVING A MERGER AGREEMENT WITH THE WATERLIN STEWARDSHIP DISTRICT; AUTHORIZING SUCH ACTIONS AS ARE NECESSARY IN FURTHERANCE OF THE MERGER PROCESS; SETTING A PUBLIC HEARING; LIMITING THE EFFECTIVE DATE OF ANTICIPATED MERGER; AND PROVIDING SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, GIR East Community Development District (“CDD”) is a local unit of special- purpose government pursuant to Chapter 190, Florida Statutes, and established by Osceola County, Florida (“County”) pursuant to Ordinance No. 2022-110 (“Ordinance”), for the purpose of planning, financing, constructing, operating, and/or maintaining public infrastructure improvements; and

WHEREAS, Waterlin Stewardship District (“Stewardship District” together with the CDD, the “Districts”) is a local unit of special-purpose government established by the Florida Legislature pursuant to Chapter 2025-238, Laws of Florida, as amended, (“Act”), for the purpose of planning, financing, constructing, operating, and/or maintaining public infrastructure improvements; and

WHEREAS, the Board of Supervisors (“Board”) of the CDD has determined that a merger with the Stewardship District is in the best interests of the Districts because, among other reasons, the merger would:

Eliminate redundant overhead costs and other expenses;
Promote greater efficiency in the Districts’ maintenance and operation of existing projects benefitting both Districts; and
Better achieve the original public infrastructure delivery and maintenance plans for the Districts; and

WHEREAS, pursuant to Section 190.046, Florida Statutes, and the Act, an agreement has been prepared in the form attached hereto as Exhibit A (“Merger Agreement”), which Agreement sets forth the terms for effecting the merger including, among other things, making provision for the filing of the merger request, for the proper allocation of the indebtedness so assumed, and for the manner in which said debt shall be retired; and

WHEREAS, Section 190.046(3) of the Florida Statutes authorizes the merger of community development districts as follows, with emphasis added:

A community development district may also merge with another type of special district created by special act pursuant to the terms of that special act. . . . The government formed by a merger involving a community

development district pursuant to this section shall assume all indebtedness of, and receive title to, all property owned by the preexisting special districts   the districts desiring to merge shall enter
into a merger agreement and shall provide for the proper allocation of the indebtedness so assumed and the manner in which such debt shall be retired. The approval of the merger agreement and the petition by the board of supervisors of the district shall constitute consent of the landowners within the district. A community development district merging with another type of district may also enter into a merger agreement to address issues of transition, including the allocation of indebtedness and retirement of debt.; and

WHEREAS, Section (6)(27) of the Act also authorizes the merger of a community development district with the Stewardship District as follows, with emphasis added:

The district may merge with one or more community development districts situated wholly within its boundaries. The district shall be the surviving entity of the merger. Any mergers shall commence upon each such community development district filing a written request for merger with the district. A copy of the written request shall also be filed with Osceola County. The district, subject to the direction of its board of supervisors, shall enter into a merger agreement which shall provide for the proper allocation of debt, the manner in which such debt shall be retired, the transition of the community development district board, and the transfer of all financial obligations and operating and maintenance responsibilities to the district. The execution of the merger agreement by the district and each community development district constitutes consent of the landowners within each district.

WHEREAS, the Merger Agreement provides that, as the surviving district, the Stewardship District will assume all indebtedness of, and receive title to, all property owned by the CDD; and

WHEREAS, the Merger Agreement provides that all existing bond indebtedness continue to be secured by, and allocated in the same manner as, the existing debt assessment liens; and

WHEREAS, the Merger Agreement provides that the merger will not adversely affect the rights of creditors of any of the Districts or other parties with whom any of the Districts have entered into a contractual relationship; and

WHEREAS, as with the existing Districts, the area of land within the surviving district will continue to be of sufficient size, sufficiently compact, and sufficiently contiguous to be developable as one functionally related community; and

WHEREAS, as with the existing Districts, the surviving district will continue to be the best alternative available for delivering community development services and facilities; and

WHEREAS, as with the existing Districts, the area of land that will lie in the boundaries of the surviving district will continue to be amenable to separate special district government; and

WHEREAS, in order to seek the merger pursuant to Chapter 190, Florida Statutes, and the Act, the CDD must authorize its staff, including but not limited to legal, engineering, and managerial staff, to provide such services as are necessary throughout the pendency of the merger process; and

WHEREAS, the retention of any necessary consultants and the work to be performed by the CDD staff may require the expenditure of certain fees, costs, and other expenses as authorized by the CDD Board of Supervisors; and

WHEREAS, the CDD desires to approve the Merger Agreement and hereby authorizes CDD staff to effect the merger consistent with the Merger Agreement and the procedures and processes described in Chapter 190, Florida Statutes, and the Act, which processes include the preparation of a written request by the CDD, setting the public hearing as required by the Act, and such other actions as are necessary in furtherance of the merger process.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT:

Section 1.  Recitals. The recitals as stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.

Section 2. Approval of Merger Agreement. The Board hereby approves for execution the Merger Agreement in the form attached hereto as Exhibit A.

Section 3. Authorization for Merger. The Board hereby directs the Chairman, Vice Chairman, in the absence of Chairman, and all other officers of the CDD, and CDD staff, to proceed as necessary in the preparation and filing of a request and related materials to seek the merger of the CDD and Stewardship District consistent with the terms of the Merger Agreement, Chapter 190, Florida Statutes, and Chapter 2025-238, Laws of Florida, and further authorizes the prosecution of the procedural requirements detailed in Chapter 2025-238, Laws of Florida, for the merger.

Section 4. Setting the Public Hearing on Merger. A public hearing will be held to provide information and take public comment on the proposed merger and Merger Agreement
on		,	2025	at			_.m.	at
	. Notice shall be published in accordance with the provisions of Chapter 2025-238(6)(27), Laws of Florida.

Section 5. Effective Date of Merger. Pursuant to the Merger Agreement, the effective date of the merger shall be upon dissolution of the CDD by Osceola County, Florida.

Section 6.  Severability. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

Section 7.	Effective Date. This Resolution shall take effect upon its adoption.

PASSED AND ADOPTED THIS 5th DAY OF NOVEMBER 2025.

ATTEST:	GIR EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Proposed Merger Agreement

Section A

This instrument was prepared by:

Michelle K. Rigoni Kutak Rock LLP
107 West College Avenue Tallahassee, Florida 32301

MERGER AGREEMENT

This Merger Agreement (the “Agreement”) is made and entered into by and between the following:

GIR East Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Osceola County, Florida, with an address of 219 E. Livingston Street, Orlando, Florida 32801 (hereinafter “CDD,”); and

Waterlin Stewardship District, a local unit of special-purpose government established pursuant to Chapter 2025-238, Laws of Florida, and located in Osceola County, Florida, with an address of 219 E. Livingston Street, Orlando, Florida 32801 (hereinafter “SD” and together with the CDD, the “Districts”).

RECITALS

WHEREAS, the CDD was established effective October 25, 2022, by Ordinance No. 2022- 110 adopted by the Board of County Commissioners of Osceola County, Florida, for the purposes of planning, financing, constructing, operating and/or maintaining public infrastructure improvements; and

WHEREAS, the SD was established effective June 23, 2025, by Chapter 2025-238, Laws of Florida, for the purposes of planning, financing, constructing, operating and/or maintaining public infrastructure improvements; and

WHEREAS, the CDD is currently located within the boundaries of the SD and located within Osceola County, Florida; and

WHEREAS, Section 190.046(3), Florida Statutes, authorizes the merger of community development districts and other types of special districts, and;

WHEREAS, Chapter 2025-238(6)(27), Laws of Florida, authorizes the merger of one or more community development districts situated wholly within the boundaries of the SD and provides that, the districts desiring to merge enter into a merger agreement which provides for

the proper allocation of the indebtedness assumed by the merged district and the manner in which such debt shall be retired; and

WHEREAS, Section 190.046(3), Florida Statutes, and Chapter 2025-238(6)(27), Laws of Florida, provide that the approval and execution of the merger agreement by the board of supervisors of the district shall constitute the consent of the landowners within such district with respect to the merger; and

WHEREAS, because the CDD is located within the boundaries of the SD, a merger of the Districts (hereinafter the “Merger”) is in the best interests of the Districts because, among other reasons, the Merger would promote greater efficiency in the Districts’ operations, eliminate redundant overhead costs and other expenses, and reduce future operations and maintenance assessments in the aggregate; and

WHEREAS, on November 5, 2025, the Boards of Supervisors (the “Board(s)”) of the CDD and SD adopted Resolutions evidencing the Districts’ intent to effectuate the Merger between the Districts, directing the Districts’ staff to take all actions necessary in effectuating same, and approving the form of an agreement between the Districts related to the merger and of the request requesting the Merger (collectively, the “Merger Approval Resolutions”); and

WHEREAS, in accordance with Section 190.046(3), Florida Statutes, and Chapter 2025- 238(6)(27), Laws of Florida, the CDD and SD accordingly desire to set forth their mutual understanding, rights and obligations with respect to the Merger.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

Recitals and Authority. The foregoing recitals are true and correct and by this reference are incorporated as a material part of this Agreement. This Agreement is entered into pursuant to the provisions of Florida law, including, but not limited to, Chapter 190, Florida Statutes, and Chapter 2025-238, Laws of Florida.

The Merger. Pursuant to the Merger Approval Resolutions, the CDD shall cause to be filed with SD a written request (“Merger Request”) requesting that the CDD merge into the SD that would effectuate the Merger of the CDD into and with the SD as the surviving entity. In addition, the CDD shall file a copy of the Merger Request with Osceola County, Florida. The Merger shall become effective upon dissolution of the CDD by Osceola County, Florida (the “Merger Effective Date”). On the Merger Effective Date, the CDD shall be merged into and with the SD as the surviving entity, and the CDD shall thereafter cease to exist. It is the intent of the Districts that the transfer, assignment, vesting, and assumption of all rights, property, assets, assessments, contracts, agreements, insurance, debts, and liabilities from the CDD into the SD shall automatically occur on the Merger Effective Date, by virtue of the Merger pursuant to Section 190.046(3), Florida Statutes, and Chapter 2025-238(6)(27), Laws of Florida.

Delegation of Authority; Cooperation. This Agreement supplements, as necessary, the authorization, direction and delegation of authority to the Districts’ Chairpersons, Vice Chairpersons, and District officers and/or staff (collectively, “District Staff”) as provided in the Merger Approval Resolutions to further authorize and delegate to District Staff the authority to effectuate the transfer of powers, duties, liabilities, claims and assets, etc. as may be necessary to effectuate the Merger. The Districts agree to continue to cooperate and take all actions reasonably necessary and in a timely manner to permit a prompt response in all proceedings relating to the Merger.

Funding. The Districts recognize that in order to seek a Merger pursuant to Chapter 190, Florida Statutes, and Chapter 2025-238, Laws of Florida, District Staff, including but not limited to legal, engineering, financial and managerial staff, among others, must provide certain services necessary to the effectuate the same. The Districts are authorized to enter into such funding agreements as are necessary to accomplish the Merger.

Legal Opinions. The Districts shall cause to be provided, or otherwise obtain, any legal opinions necessary to effectuate the Merger.

District Boundaries. Upon the Merger, the surviving District shall be the SD and the CDD shall cease to exist. As of the Merger Effective Date, the boundaries of Merged District shall be as set forth in Exhibit A, attached hereto and incorporated herein by reference.

Board Members. Upon the Merger Effective Date, the Board of the CDD shall cease to exist and the Board of SD shall continue to operate as the Board of the Merged District.

Property & Assets. Effective as of the Merger Effective Date, the CDD passes all title, rights, ownership of property, moneys, uncollected taxes and/or assessments, dues, receivables, claims, and judgments held and owned by the CDD (the “CDD Assets”) to the SD. By execution of this Agreement, and as of the Merger Effective Date, the SD accepts and is hereby vested with the authority necessary to effect such transfer from or on behalf of the CDD, and receive such title, rights, ownership of property, moneys, uncollected taxes and/or assessments, dues, receivables, claims and judgments.

Assessments. Effective as of the Merger Effective Date, all non-ad valorem or special assessments levied by the CDD against property in the CDD (the “CDD Assessments”) shall be payable when due to the SD. By execution of this Agreement, and as of the Merger Effective Date, the CDD delegates, and the SD accepts, the authority to collect upon and enforce any such assessment liens, whether under the Uniform Method of Collection or any other method under Florida law. Following the Merger Effective Date, there shall be no change in the assessment liens on the specific lands securing the outstanding GIR East Community Development District (Osceola County, Florida), Capital Improvement Revenue Bonds, Series 2025 (the “Series 2025 Bonds”) issued by the CDD by virtue of the Merger contemplated herein, except that the liens shall be in favor of the SD.

Contracts. Effective as of the Merger Effective Date, the SD shall be responsible for, and bound by, all contracts to which the CDD is presently a party and which are not terminated as of the Merger Effective Date (the “CDD Contracts”). The SD shall assume the liabilities arising from the CDD Contracts and be entitled to the benefits of the same by operation of law. In addition, this Agreement shall affect the assignment, if needed, of the CDD Contracts to the SD as of the Merger Effective Date with no further action required on behalf of the Districts unless consent by assignment is required by a third party. If such consent is required by a third party, the CDD shall obtain such consent to assignment or terminate the contract in accordance with its terms. By execution of this Agreement, the CDD delegates, and the SD accepts, the authority to enforce and/or effect the disposition of all CDD Contracts, including but not limited to the assignment, amendment, and/or termination of the same.

Other Interlocal Agreements. Effective as of the Merger Effective Date, the SD shall be responsible for, and be bound by, all other interlocal agreements to which the CDD is a party, including any with Osceola County, Florida (“Other Interlocal Agreements”). The SD shall assume the liabilities arising from such interlocal agreements and be entitled to the benefit of the same by operation of law. In addition, this Agreement shall affect the assignment, if needed, of the Other Interlocal Agreements by the CDD to the SD as of the Merger Effective Date with no further action required by the Districts. To the extent necessary, if any, the CDD delegates, and the SD accepts, the authority to enforce and/or effect the disposition of all such interlocal agreements, including but not limited to the assignment, amendment and/or termination of the same.

Debts & Liabilities. Effective as of the Merger Effective Date, the SD shall be responsible for and have the obligation of all debts and liabilities of the CDD (the “CDD Debts & Liabilities”) by operation of law. The Districts agree that, pursuant to Section 190.046, Florida Statutes, the Merger shall not impair the rights of creditors and liens upon the CDD’s property, if any. Moreover, the SD may be substituted for the CDD in any claim existing, or action or proceeding pending by or against the CDD. To the extent necessary, the CDD delegates, and the SD accepts, the authority to satisfy, fulfill, and pay all CDD Debts & Liabilities and defend against any claim or action proceeding by or against the CDD.

Insurance. The CDD shall terminate its insurance coverage effective thirty (30) days from the Merger Effective Date. The SD shall ensure that payment of the premium for that coverage is made so as to prevent any lapse in coverage, and shall be entitled to receive any refund of any overpayment for such insurance due to the cancellation.

Audits. Effective as of the Merger Effective Date, the CDD hereby authorizes the SD to conduct, approve, and submit to appropriate authorities a final audit of the CDD’s financial records pursuant to Section 190.007(2), Florida Statutes, and the submittal of any additional financial reports or statements required by law. By execution of this Agreement, SD agrees to conduct, approve, and submit to appropriate authorities a final audit of CDD’s records pursuant to Section 190.007(2), Florida Statutes, and to submit all required additional financial reports or

statements required by law. The Districts agree that the preparation of the above-referenced audit shall not commence until after the Merger Effective Date.

Accounts. Effective as of the Merger Effective Date, the CDD authorizes SD to assume control of all bank accounts held in the name of the CDD (the “Bank Accounts”), and to take any actions necessary to utilize such funds to pay obligations of the CDD which may become due after the Merger Effective Date or to transfer any funds remaining in such accounts into SD accounts. Such actions may include, but are not limited to, the expenditure of funds from the Bank Accounts for payment of services rendered to the CDD prior to the Merger Effective Date, the transfer of such funds from the CDD to SD, and the closing of such Bank Accounts which shall occur within forty-five (45) days of the Merger Effective Date. By execution of this Agreement, and as of the Merger Effective Date, the SD accepts such control over the Bank Accounts.

Budgets. By execution of this Agreement, and effective as of the Merger Effective Date, the CDD delegates to SD the authority to consolidate the CDD’s budget with the SD budget for the then-current fiscal year, and SD agrees to take any and all such actions with respect to the consolidation of the Districts’ budgets. As the Districts acknowledge that the necessary amendments to SD’s budget to reflect the Merger must occur after the closing of the financial accounts and records of the CDD, SD agrees to amend the SD budget to reflect the Merger, including amendments to both revenues and expenses, within sixty (60) days of the Merger Effective Date.

Rules and Policies. At the time of this Agreement, the Districts have their own Rules of Procedure. Any additional rules, rates, or policies adopted by SD shall remain in place upon the Merger unless and until SD finds, in its sole discretion, that it is in its best interests to amend such rules, rates, or policies.

Powers. At the time of this Agreement, the CDD shall continue to have all of its existing general and special powers. Effective as of the Merger Effective Date, SD shall be additionally vested with any and all of the general and special powers of the CDD.

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

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing approved by the Board(s) of each of the Districts.

Authorization. The execution of this Agreement has been duly authorized by the Board(s) for the CDD and SD, all parties have complied with all the requirements of law, and all parties have full power and authority to comply with the terms and provisions of this instrument.

Arm’s Length Transaction. This Agreement has been negotiated fully between the parties as an arm’s length transaction. All parties participated fully in the preparation of this Agreement and received the advice of counsel of their choosing. In the case of a dispute concerning the interpretation of any provision of this Agreement, all parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any party.

Third Party Beneficiaries. This Agreement is solely for the benefit of the parties and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the parties any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement.

Assignment. The parties may not assign any part of this Agreement without the prior written approval of the other. Any purported assignment without such written consent shall be void.

Controlling Law; Venue. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. Exclusive venue for any litigation of dispute arising hereunder shall be in a court of appropriate jurisdiction for Osceola County, Florida.

Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

Sovereign Immunity. Nothing in this Agreement shall constitute or be construed as a waiver of either party’s limitations on liability, as set forth in Section 768.28, Florida Statutes, or other applicable statute or law.

Enforcement of Agreement. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, the parties agree that the prevailing party shall be entitled to recover from the non-prevailing party all fees and costs incurred, including reasonable attorneys fees, paralegal fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original. However, all such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

Effective Date; Merger Effective Date and Termination. This Agreement shall be effective upon the execution hereof by authorized representatives of the CDD and SD and the recordation of a fully-executed copy of the Agreement in the Official Records of Osceola County, Florida. The Agreement shall continue to be effective until the earlier of either: (a) the date following the Merger Effective Date upon which all obligations and requirements set forth under this Agreement have been satisfied; or (b) termination of this Agreement upon sixty (60) days written notice by the terminating party. The terminating party shall record a Notice of Termination of this Agreement immediately after the effective date of termination.

[SIGNATURES ON NEXT PAGE]

IN WITNESS WHEREOF, the undersigned executed the foregoing Agreement.

WITNESS

Name: 	
Address: 	

GIR EAST COMMUNITY DEVELOPMENT DISTRICT

By: 		 Name: 		 Title: 	

Name: 	
Address: 	

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 	, as
	 of GIR East Community Development District, who is ▢ personally known to me, or ▢ produced 	 as identification.
[Notary Seal]

Notary Public, State of Florida
Name: 	 (Name of Notary Public, Printed, Stamped or Typed as Commissioned)

WITNESS

Name: 	
Address: 	

WATERLIN STEWARDSHIP DISTRICT

By: 	 Name: 		  Title: 		

Name: 	
Address: 	

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 	, as
	 of Waterlin Stewardship District, who is ▢ personally known to me, or ▢
produced 	 as identification.

[Notary Seal]

Notary Public, State of Florida
Name: 	 (Name of Notary Public, Printed, Stamped or Typed as Commissioned)

IN WITNESS WHEREOF, the undersigned, as District Manager of GIR East Community Development District, accepts the authority delegated by this Agreement.

WITNESS

Name: 	
Address: 	

GOVERNMENTAL MANAGEMENT SERVICES –
CENTRAL FLORIDA, LLC

By: 	
Name: George Flint Title: District Manager

Name: 	
Address: 	

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 George Flint, as District Manager of GIR East Community Development District, who is ▢ personally known to me, or ▢ produced
	 as identification.

[Notary Seal]

Notary Public, State of Florida
Name: 	 (Name of Notary Public, Printed, Stamped or Typed as Commissioned)

Exhibit A:	SD Boundaries as of Merger Effective Date

Exhibit A
WATERLI	(Overall)
WEST SIDE:
DESCRIPT.EON: A paricel of land being a part of THE SEMI OLE LAND AND INVESTMENT COMPANY'S SUBDIVISION of Se,c ion 33,
Township .26 South. Range 30 East. according: • o the pla  thereof, riecord,ed in Plat Book B, Page 17, of the Pnblic Reoords of Osceola County, Florida; together with THE SEMINOLE LAND AND I. VEST­ MENT COMPA . Y'S SUBDIVISION of 8ection 9, Township 27 South. Rani;e 30 Eas• according to the pfat thereof, recorded in Pla Book B, Pag:e 39, of the Pnblic Records of Osceola County. Florida; together with part of THE SEMI  OLE LA DA   D INVESTMENT COMPANY'S
SUBDIVISION of Section 10, Township .27 South. Range 30 East, according to the plat ther,eof, r,ecord,ed in Pla Book B, Page 86, of the Public Records of Osceola Cou_n y, Florida; toi;ether with part of THE SEMINOLE LAND AND I. VESTMENT COMPANY S SUBDIVISION

Township .27 South, Range 30 East, acoording: • o the	plat  thereof,

of Sedion 14, Township 27 South, Range 30 East. according·to the pfat herieof, r,ecorded in Plat Book B, Pai;e 38, of he Pulblic Re,cor,ds of Osceola County. Florida; toi;ether with par of THE SEMI . OLE  LAND AND  I  VESTME. T  COMPA. Y'S  SUBDIVISION  of  Section  15,
riecord,ed in Plat Book B. Page 42, of the Pnblic Reoords of Osceola Coun y, Florida; together with THE SEMINOLE LAND AND I. VEST­ MENT COMPA. Y'S SUBDIVISION of Sec ion 16, Township .27 South, Range 30 Eas• according to the pfat thereof, recorded in Plat Book B, Pag:e 43, of the Pnblic Records of Osceola County. Florida; together with THE SEMINOLE  LAND AND INVESTMENT COMPANY S SUBDIVI­
SION of 8ection 17. Township 27 South. Range 30 East, according: to the plat thereof, remrded in Plat Book B, Page 44, of the Pnblic Reeor,ds of Osceola County. Florida, and; together with lands:lying·in Seeti.ons 33 and 34, Township,26 South, Ragn,e 30 East, and Sections 3, 4, 5, 8 and 9, Township .27 South, Rani;e 30 East, Osceola Conny, Florida, and being more particularly described as follows:
COMMENCE a the Northwest oorn,er of said Section 3. run thence along the W,est boundary of said Section 3, S.00,;,03'04"W.• a distance of
598.17 foet to a point on the South boundary of that certain parcel of land described in Official Records Book 1022, Pawe 2684, of the Public Recor,ds of Osceola County, Florida, said point also being: the POINT OF BEGINNING; thence along said Sou h boundary of land d,escribed in Official Records Book 1022, Page 2684, N.89,;,53145"E.., a distance of
13.20.60 feet to the Southeast corner hereof, also being a poin on the East bou.ndary of the Northw,est ¼ of the Northwes ¼ of afor,esaid Section 3; thence along he East boundary of said! land d,escribed in Official Records Book 102.2, Pag:e 2684, also being said East boundary of he Northwes ¥4 of he Northw,es ¥4 of S,ection 3, N.ooao113411E., a dis ance of 598.04 feet to the Northwest corner of the Northeas  ¥4 of
12

said Northwest¼ of Section 3, thence alone:the North boundary of said ortheast ¼ of the Northwest¼ of Section 3, N.89Q53'40"E., a distance of 139.32 feet to a point on a curve on the Southerly right of way line of FRIAR'S COVE ROAD, per Florida State Turnpike Authority SUN­ SHINE STATE PARKWAY (Proj,ect No. 2) Right of Way Map Section 10, S ation 3914+00 Station 4177+50..00 to Station 4283+36..l 7 and Right of Way Map , Osceola County, Florida; thence along said Southerly righ of way line the following two (2) courses: 1) Easterly, 430.17 feet along the are of a non-tangent curve to the left having a radius of 12.20.92 't'eet and  a cen ral angle of20Qll'l3" (chord bearing S..80.,00'44"E., 427.95 feet) to a poi.n of tangency; 2) N.89°53'40"E.• a distance of 133.39 fee to the Westerly limited access rig:h of way line of FLORIDA'S TURNPIKE, per said Florida State Turnpike Authority, SU. SHI. E STA'l'E PARK­ WAY (Project No. 2) Right of Way Map,Sedion 10, Station 4177+50.00 to Station 4283+36..17 and Rig:ht of Way Map Section 10 Sta ion 3914
+00 to Station 4010+00, Osceola County, Florida; thence alone- said
Westerly limited acoos.s right of way line, the following three (3) course:
S..07"25'17"E .• a distance of 4885.86 feet to a poi.n- of curva ure; 2) Southerly, 1145.53 feet along the arc of a tangent cl!ll've to the left having a radius of 5929.58 foet and a central angl,e of 11,;,04'0811 (chord bearing: S.12.,57'21"E., 1143..75 feet) to a point of tangency; .3) S..18.,29'.25''E .• a distance of 10328.78 foet to a point on the South boundary of aforesaid Section 14; thence along ,said South boundary of Section 14, S.89D59'16"W., a di.stance of 849 ..54 fee to the Sou hwest corner thereof; thence along the South boundary of he South,east "J/4 of aforesaid Section 15, S.89Q52'0l"W..• a distance of 2599.36 feet to the South ¼ corner of said Section 15; thence along the South boundary of the Southwest¼ of said Section 15, S..89Q51'47"W., a distance of2600.37 foet to the Southwest corner of said Section 15; thence along the South boundary of the Sontheast ¼ of aforesaid Section 16, S.89Q40'18"W., a distance of 2607 Al foet to the South ¼ corner of said Sedion 16; thenc,e along the South boundary of the Southwest 1/4 of said S,ection 16, S.89�39'46"W., a distance of2607.05 feet to the Sou hwest corner of said Section 16; thence along the South boundary of the Southeast ¼ of afor,esaid 8ection 17. N.89°49'09"W., a distance of 2600.62 fee to the South¼ com,er of,said Se,ction 17; thence along' the West boundary of the East½. of said Sec ion 17, N.00.,31'25"W., a distance of 5299.06 feet to th,e  orth ¼ corner of said Section 17; thence along the South boundary of the Southwes ¾ of aforesaid Section 8, S.89D58'34"W., a distance of2601.44 feet to the Southwest corner of said Section 8; thenc,e along the West boundary of,said Section 8, N.02.,20'38"W., a distance of 1019.52 feet to the Ordinary High Water line of Lake Tohopekaliea; thence Nor heas erly along said Ordinary High Water line of Lake Tohop,ekaliga the following seventy-two (72) courses: l) N.37"54'41"E., a di.stance of 81.76 feet; 2) N.37Q04'33"E., a distance of 131.69 feet; 3)
..39Q.26'.27"E., a distance of 203.30 foe; 4) N.34Q22'02"E., a distance of
248.92 foet; 5)	.38Q34'19"E., a dis an,ce of255.02 feet; 6) N.34°58'38"E.,
a distance of 157..97 foet; 7) N.32Q39'38"E .. a distance of 243.71 feet: 8)
.33Q50'07"E., a distance of 132.31 fe,et; 9) N.37Q31'l3"E., a distance of 13

610.86 feet; 10) N..26"36'10"E., a di.stanoe of315.0l feet; 11) N.25°43'26" E., a distance of 277.07 feet; 12) N.41.,49'15"E., a dis ance of 255.86 feet;
13) N.35"'12'03"E., a distan,ce of 263.02 foet; 14) N.26"15'05"E., a
distance of 198.26 feet; 15) N.32"'25'48"E., a distance of 299..79 feet;
16) N.33Q14'27"E., a distan,ce of 2.24.71 feet; 17) N.29°39'52"E ., a
distance of 215.77 feet; 18) N.12"'28'24"E., a distance of 210..93 feet;
19) N.29Q25'22"E., a  distance  of 339.17  foet; 20)  N.30°48'46"E .•  a
distance of 374.15 feet; 21) N.24"'23'09''E., a distance of 317..9.2 feet;
22) N..26Q25'24"E., a  distan,ce of 243.41 foet; 2.3) N.31°03'40"E., a
distance of 219.41 feet; 24) N.24Q02'21''E., a  distance of 231.64 feet;
25) N.32Q48'49"E., a distan,ce of 336.29 feet; 26) N.31"44'20"E., a
distance of 395.85 feet; 27) N.29"'51'44''E., a distance of 301.96 feet;
28) N.58Q06'19"E., a distan,ce of 197.64 foet; 29) N.38°22'12"E., a
distance of 299.31 feet; 30) N.29Q50'50''E., a distance of 207..18  feet;
31) N.33Q22'53"E., a di.stance of 292.67 feet; 32) N.36"07'47"E., a
distan,ce of 172.06 feet; 33) N.4P 18'59''E., a distance of 187..80 feet;
34) N.40"28'50"E., a distance of 178.78 foet; 35) N.40°30'39"E .. a
distance of 169.37 feet; 36) N.39"'19'04''E., a distance of 149.24 feet;
37) N.27Ql5'25"E., a distan,ce of 216.35 foet; 3.8) N.23°08'10"E., a
distance of 170.61 feet; 39) N.27Q57'49''E., a distance of 176.45 feet;
40)  N.37Q44'39"E., a  di.stance  of 181.54  feet; 41} N.36"28'02"E.,  a
distan,ce of 230.86 feet; 42) N.36Q31'29''E., a distance of 124..83 feet;
43) N.31"'04'09"E., a distance of 174.22 foet; 44) N.72"24'30"E .. a
distance of 158.28 f:eet; 45) N.46"'34'47''E., a distance of 211.16 feet;
46) N.60Q24'05"E., a distan,ce of 166.95 foet; 47) N.38°46'17"E., a
distance of 175.58 feet; 48) N.47Q53'4.2''E., a distance of 205..67 feet;
49) N.64Q19'16"E., a di.stance of 135.98 feet; 50} N.57"41'44"E., a
distan,ce of 182.18 feet; 51) S.8T'39'541JE., a di.stance of 111.77 feet;
52) S.44°06'37"W., a distance of 133..74  t:eet: 53) S.32"04'08"E., a
distance of 228.05 foet; 54) S.00.,57'13"E.• a distance of 33 ..18 feet; 55) S.23D29'48''W., a distance of 47.37 feet; 56) SA3"'50'35"E.., a distancie of
93.44 feet; 57) S.64"'47'43"E., a distance of 183.02 feet; 58) S.86D31'39"
E., a distance of 88 ..54 feet; 59) S.68°58'07"E., a distanoo of 147 ..89 feet;
60) N.43Q44'46"E., a distan,ce of 128.68 foet; 61) N.39°03'02"E., a
distance of 133.28 feet; 62) N.33"'13'44''E., a distance of 191.62 feet;
63) N.34"'47'49"E., a distance of 186.47 foet; 64) N.34°35'25"E., a
distance of 144.16 fe,et; 65) N.89°54'55"E., a distance of 73.66 fe,et; 66) S.83D34'0011E., a di.stance of123.39 feet; 67) N.26Q18'38"E., a distance of
246.40 feet; 68) N.59.,15'.32"W.• a distanoo of 117..78 fee ; 69) N.25"50'27"
W.. a distancie of73.80 feet: 70} N.35"14'55"W., a distance of 108.23 feet:
71) N.11"'58'30"W., a  distance  of 127.77 feet; 72) N.02"'32'54"W., a
distance of 111.01 feet to a point on the South boundary of that certain land described in Official Records Book 935, Page 2041, of the Public Records ofOscieola County, Florida; thence along said South boundary of land de.scribed in Official Records Book 935, Page .2041, N.89Q44'06"E., a distance of 1720..24 foet to the Southwest corner of that certain land! d,es,cribed in Official Re.cords Book 5053, Page .2.286, of  he Public

Records of Osceola Conny, Florida; then,ce along· he W,est boundary of

said land described in Official Records Book 5053, Page 2286, 14

N.Oo<>32'39"W., a distance of914.34 feet to the Northwe.st corner thereof, also being a point on the South right of way line of aforesaid FRIAR'S COVE ROAD, according to Deed Book 163, Page 407, of the Public Remrds of Osoeola Coun y, Florida; thence along said South right of way line, N.89.,44'47"E., a distance of 562..19 feet; • hence along aforesaid Southedy right of way line of FRIARS COVE,ROAD, p,er Florida State Turnpike Au:thority SUNSHINE STATE PARKWAY (Projec No. 2) Right of Way Map Section 10, Station 3914+00 Sta ion 4177+50.00 to Station 4283+36.17 and Right of Way Map , Osceola County, Florida, th,e following three (3) ,courses: 1) S.00.,07'30"E.• a distan,ce of 23.01 feet;
 N.89"52'30"E., a distance of 73.58 fee to a point of curvature; 3.) Easterly. 520.85 feet along·the arc ofa tangen  curve to the right having a radius of 1100.92 fe,et and a central angle of 27<>06'25" {,chord bearing S..76Q34'18"E .• 516.(H feet) to • he Northwest corner of aforesaid land d,escribed in Official Records Book 1022, Pae:e 2684; thenoe along the Westerly boundary of said land described in Official Records Book 1022, Pae:e 2684. S.10°37'28''W.• a distance of 1807.59 t'eet to the Southwest corner thereof; thence along aforesaid South Boundy ofland descr'bed in Official Records Book 1022, Page 2684, N.89"53'45"E.• a distance of
245.61 feet to the POINT OF BEGINNI . G. 
Containing 4,132..763 acres, more or l,ess. EAST SIDE:
DESCRIPTION: A parcel of land being a part of THE SEMINOLE LAND AND INVESTMENT COMPANY S SUBDIVlSION of Section 10,
Township 27 South, Range 30 East, according to the plat thereof, riecord,ed in Plat Book B, Page 36, of the Public Reciords of Oscieola County, Florida; to�ether with part of THE SEMINOLE LAND AND [NVESTME T COMPANY'S SUBDIVISION of Section 11. Township, 27 South, Range 30 East, according to the plat thereof, r,ecord,ed in Plat Book B, Page 40, of he Public Re,cords of Os,ceo]a Cmm y, Florida; together with part of THE SEMINOLE LAND A . D I . VESTMENT COMPA. Y'S SUBDlVlSION of Section 12, Township 27 South. Range 30 East, according to the plat thereof. recorded in Plat Book B, Page 37, of the Public Records of Os.ceola County, Florida; together with part of THE SEMINOLE LAND A. D INVESTMENT COMPANY'S SUBDIVI­
SION of Section 13, Township 27 South, Range 30 East. according to the plat thereof, recorded in Plat Book B, Page 41, of the Public Records of Osceola County, Florida; to�ether with part of THE SEMINOLE LAND AND l 1VESTME .1T COMPANY'S SUBDlVISlON of Section 14,
Township 27 South, Range 30 East, according to the plat thereof, r1ecorded in Plat Book B, Page 38, of the Public Reciords of Oscieola County, Florida; together with THE SEMINOLE LAND AND INVEST­ ME. T COMPANY'S SUBD.IVISION ofSecti.on 15, Town.ship 27 South, Range 30 East. a,ccording to he plat hereof, reciorded in Plat Book B, Pae:e 42, of he Public Records:ofOscieola County, Florida, and; together with lands lying in Section 3, Township 27 South, Rang:e 30 East,
15

Osceola County, Florida, and being more :particularly described as follows:
COMMENCE at the Northeast corner of said Section 3, nm thence along the East boundary of said S,ection 3, following three (3) courses:: 1) S..00"'05'37"E., a dis:tancie of 1319.57 feet to the Northea.s:t corner of the South lf2 of the Northeast 1/-4 of said Section 3, also being the POINT OF BEGINNING; 2) continue S.00""05'37"E., a distance of 1319.57 feet to the Eas ¼ corner of said Section 3; 3) S.00°03'4l"E., a distance of 2642.93 feet to the Southeast corner of said Section 3; thence along the Eas boundary of aforesaid Section 10, S.00"'10'09"E., a distance of 1319.54 feet to the . orthwestcornerofthe South½ of the Northwest 1/4 of aforesaid Section 11; thence along the North boundary of said Sou h
½ of the Northwest¼ of Section 11, also being:along the North boundary of Lots 37, 38, 39, and 40, of aforesaid pfat of THE SEM.INOLE LAND AND  [  VESTME  T COMPA  Y'S  SUBDIVIS[ON of Section 11,
l.89"'52'34"E., a distance of 2643.88 feet to the Northw,es corner of
the Southwest¼ of the Northeast¼ of said Section 11; thence along the North boundary of said Southwest¼ of the Nor beast¼ of Section 11, also being:along he North boundary of Lots: 35 and 36 of said pfat of THE  SEM.INOLE LAND AND .INVESTMENT COMPANY'S SUBDIVI­
SION of Section 11, N.89"'52'05"E., a distance of 1320.73 feet to the
ortheast oornerofsaid Southwest ]/4 of the ortlheast ¼ of Section 11; thence along· he East boundary ofs:aid Southwest¼ of the  ortheas:t ¼ of Section 11, S.00"'16'48"E., a distance of6S8.56 foet to the Northwest corner of the South¼ of the East 1k of said Northeast·¼ of S,ection 11; henoe along: the North boundary of said South ¼ of the East ½ of the 1orthea.s:t ¼ of Section 11, also being:along: the North boundary of Lots 49 and 50, of aforesaid pla of THE SEMINOLE LA. D AND I. VEST­ MENT COMPANY'S SUBDIV[SION of Section 11, N..89"'47'52"E., a
distance of 1320..65 feet to the Northeast oorn,er of said South ¼ of the Eas 1k of the Northeast ¼ of Section 11; thenoe along:that certain line being the Southerly boundary of those land,s: described in Offi,cial Records Book 2768, Pag:e 2478, Official re,eords Book 5828, Pag:e 202, and Official Records Book 6068, Page 2655, of the Public Reoords of Osceola County, Florida, the following two (2) courses: 1) N.48"'5,8'36"E., a distance ofll69.50 feet; 2) N.41°18'36"E., a di.stance of 15.27.29 feet to a point on a curve on the West right of way line of CANOE CREEK ROAD (County Road 523 ·, per Florida De·partment of Transportation Right ofWay Map Section 9252-250; thence alongsaid West right of way line of CANOE. CREEK ROAD (County Road 523), • he	following: six (6) courses: 1) Sou herly, 20.79 foet along the arc ofa non-tangent cl!.ll"ve to the ]eft having a radius of 2914.79 foe and a central angle of 00"'24'31" (chord bearing S.14"'09'18"E., .20.79 feet) to a point of tang:ency; 2 S..14"'21'33"E., a distance of 601.99 £eet to a point of curvatUl'e; 3.) Southerly, 221.07 fe.et along the arc of a tangent curve to the right having a radius of 2814.79 feet and a central angle of 04°30'0011 (chord bearing: S.12°06'33"E., 221.02 fe.et) to a poin of tangency; 4) 8.09"51'33" E., a distanc,e of3391.31 feet to a point of cl!.ll"vature; 5) Southerly, 256..63
16

f:eet along  he arc of a tangent curve to tb,e ric;ht having a radl.ius of
2814.79 feet and a central ang:]e of05"13'26" (chord bearing S.07°14'50" E., 256.54 feet) to a point ot tangency; 6) S.04Q38'08"E., .adistance of
135.59 foet to the Northeast corner of that certain land described in Official Records Book 1847, Page 183, of the Public Records of Oscieola County, Florida; thence along the North boundary of said land described in Official Records Book 1847, Page 183, S..89°541.20"W., a distance of 2017.91 feet to the Northwest corner of said land described in Official Records Book 1847, Page 183; •hence along the West boundary of said land described in Official Records Book 1847, Page 183, and the West bonndary of that certain land described in Official Remrds Book 2333, Page .2868, of the Public Record.s of Osceola Coun y, Florida, the following two {2) ciour:ses: 1) S.00"19'07"E., a distance of661.37 feet to a point on the North boundary of aforesaid Sedion 13; 2) S.00"10'48"E.• a distance of 330.78 feet to the  ortheast corner of that certain parcel of land described in Official Records Book 1113, Pag:e 945, of the Public Re,cords of Osceola County, Florida; thence along the North boundary of said land d,es,cribed in Official Records Book 1113, Pag:e 945, and the W,esterly extension thereof, S.89"59'32"W., a distancie of683.25 feet to a point on the Ea.st boundary of afomsaid Section 14; thence along said East boundary ofSedion 14, S.00°05'35"E., a distanc,e of 193.71 foet to a point of intersedion with said East boundary of Section 14 and the North boundary of that certain land described in Official Records Book 471, Pag:e 77 4, of the Public Record.s of Osceola County, Florida; hence along said North boundary of land described in Official Re,cords Book 471, Pag:e 774, and the Easterly extension thereof, S.89"40'24"W., a distance of 1441..96 feet to the Nor hwest corner ther,eof; thence along the West boundary of said land d,escribed in Official Re,cords Book 471, Page 774, S.00"11'28"E., a distance of 1553..27 feet to the Southwest corner ther1eof; thence along the South boundary of said land described in Official Records Book 471. Page 774, the following-two (2) cou.rses: 1) N.89"48'46"E., a distance of1438.09 feet; 2) N.89"56'39"E., a distance of
170.05 teet to the Southeast corner of said land described in Official
Records Book 471, Page 774; thence afong: the East boundary of said land descrilbed in Official Recor,ds Book 471, Page 774, .OO"l2'57"W .• a di.stance of 14l9A4 fe.et to a point on·he South boundary of aforesaid land described in Official Record.s Book 1113, Page 945; thence along said South boundary of land described in Official Records Book 1113, Page 945, N.89"58'38"E., a distanoe of 517 ..95 fe.et o the Southeast corner ther,eof, also being a point on aforesaid West boundary of land described in Official Records Book 2333. Page 2868; thence along said W,est boundary of land described in Official Re,cords Book 2333, Page 2868, S.00"10'50"E., a distance of 329.61 fe,et to the Souilieas corner thereof; hence along the South boundary of said land descrilbed in Official Records Book 2333, Page 2868, N.89°51'28"E.• a distance of 2118.05 feet to the Southeast corner thereof, also being a point on afor,esaid W,es righ of way line of CANOE CREEK ROAD (County Road 523); thence along said W,est right of way line of CANOE CREEK ROAD (County Road 523), S..00°20'08"E., a distance of 3320.44 feet to
17

the Northeast corner of that certain land d,escribed in Official Records Book 6146, Pag:e 578, of he Pnblic Records of Osceola Coun y, Florida; thence .along the North boundary of said land d,escribed in Official Records Book 6146, Page 578, S.89°40'5511W., a distance of 1398.36 feet to the Northwest corner thereof, also being a point of non-tangent curvature: thenoe along the Westerly boundary of said land described in Official Records Book 6146, Page 578, the following four (4) oourses: 1 • Southw,esterly, 237.82 feet along·the arc of a non-tangent curv,e to • he righ having a radius of 806.00 fe,et and a central angle of 16D54'21" (chord bearing S.44Dl2'45''W., 236.96 feet) to a point of tangency; 2) S.52D39155"W., a d·stance of 118.09 feet to a point of eu.rvature; 3) Southw,esterly, 642.20 feet along the arc of a tangent curv,e to the left having a radius of 700.00 feet and a oentral angle of 5.2°33'53" (chord bearing:S.26°22'59"W., 619.91 feet) to a poin tangency; 4) S.00D06'02" W., a distanoe of 175..03 feet to the Southwest corner of aforesaid land d,escribed in Official Records Book 6146, Page 578, also being a point on the South boundary of afor,esaid Section 13; thenc,e along said South boundary of S,ection 13, S.89Q50'41"W.. a distance of 878..22 fee to· he Soutbw,est oorner thereof; thence alone: he South boundary of	he Southeas	¥4 of aforesaid Se,c ion 14, S.89°59'09"W., a distance of 2640.70 feet to the South 1/4 corner of said Section 14; thence along • he South boundary of the Southwest¼ of said Section 14, S.89D59'16''W., a distance of 1370.83 t:eet to·he Easterly limited access right of way line of FLORIDA'S TURNPIKE, per said Florida State Turnpike Au hor·ty, SUNSHINE STATE PARKWAY (Project	o. 2) Right of Way Map, Section 10, Station 3914+00 to Station 4010+00, Osceola County, Florida; thenoe along said Easterly limited access right of way line FLORIDA'S TURNPIKE, per Florida State Turnpike Authority, SUN­ SHINE STATE PARKWAY (Project No. 2) Right of Way Map Sec i.on 10, Station 4177+50.00 to Station 4283+36.17 and Right of Way Map, Section 10, Station 3914+00 to Stati.on 4010+00, Osceola. County, Florida, the following three (3) courses! 1) N.18Q29'25"W .• a distance of 10462.45 feet to a point of eu.rvaturie; 2) Northerly, 1068.25 feet along the arc of a tangent eu.rve to the right having a radius of 55.29.58 feet and a centralangle-of 11904'08"{chord bearing N.12°57'21"W.•1066.59 feet) to a point of tangem:y; 3) N.07"25'17"W .• a distanoe of 4819.38 teet to the Sou h right of way line of FRIAR'S COVE ROAD, per aforesaid F]orida State Turnp,ike Authority, SUNSHI . E STATE PARKWAY (Pr,oject No. 2) Right of Way Map Section 10, Station 4177+50.00 to Station 4283
+36..17; • hence along said South right of way line of FRIAR'S COVE ROAD, N.89°53'40"E., a distance of220.33 feet to·he East boundary of the Northeast¼ of the Northwes ¼ of aforesaid Section 3; thenoe along said East boundary of the Northeast ¼of the Northwest 1/.t of Section 3, S.00D05'21"E.• a distance of 12.26.37 fe.et to the Southeast corner thereof; thence along the North boundary of the South ½ of the Northea.st ¥t of said Section 3, the following:two (2) oourses: 1) N.89D58'59"E.• a distance of 13.20.30 feet to he Southw,est corner of the ortheast 1/4 of said Northeast¼ of Sec ion 3; 2) N.89D56'40"E.• a distanoo of 1321..15 f:eet to the POINT OF BEGINNI G.
18

Containing·1,843..473 acres, more or l,ess;
LESS AND EXCEPT: Gre,en Island V,entil!ll'es, LLC parcel, according to Official Records Book 8731, Page 1484, of the Public Records of Osceola County, Florida. and being·more particufarly described as follows:
DESCRIPTION: Lot 54, THE SEMINOLE LAND AND INVESTME  T
COMPANY'S SUBDIVISION of Section 14. Township .27 South, Range 30 East, a,ccording to the plat ther,eof, reoorded in Plat Book B, Page 38, of the Public Reoords of Osoeola Coun y, Florida.
Containing 4.874 acres, more or less;
LESS A . 1D EXCEPT!Mary Beth Henthorne and Phillip,John Sammons parool, according: to Official Records Boolk 3918, Page 2357, of the Public Records of Os,ceola County. Florida, and being mor,e par icularly deseribed as follows:
DESCRIPTION: Lot 29, THE SEMINOLE LA . D A . D  I . VESTME . T 
COMPANY'S SUBDIVISION of 8ection 14, Township .27 South, Ran�e 30 East, accord·ng to the plat ther1eof, reoorded in Plat Book B, Page 38, of the Public Reoords of Osoeola Cou.n y, Florida.
Con aining·4.880 acres, morie or less;
LESS AND EXCEPT: St. Cloud Welding & Fabrication, Inc.. paroel, according to Offi.eial Re,eords Book 6.287, Page 1570, of the Public Records of Os,ceola County, Florida, and being: mor,e particularly described as follows:
PARCEL A: Lot 54, of The Seminole Land & Investment Company's Subdivision of Section 13, Township 27 South. Range 30 East, aoeording to the plat thereof, as riecord,ed in Plat Boolk B, Page 41, of the Public Reeorids ofOsceofa County, Florida; LESS AND EXCEPT the South 145 foet of the W,est 315 fe,e  hereof
And
PARCEL B: The South 145 feet of the West 315 feet of Lot 54, of The Seminole Land & Investment Company's Subdivision of Section 13, Township 27 South, Range 30 East. aeoording to he pfat thereof, as r,ecorded in Plat Boolk B, Page 41, of the Publi,c Reoords of Osceola County, Florida.
and
A paroel of land being a portion of Lot 59, Seminole Land and [nvestment Company's Subdivision of Section 13, Township 27 South, Range SO Ea.st, accord·ng to the plat thereof, a.s recorded in Pfat Book iiB". Page 41, of the Public Records of Os,ceola County, Florida and being morie partknlarly described as follows:
Begin at the Northwest comer of said Lot 59; thenoe run North 89"53'37" East along he North line of said Lot 59, a distance of 302..85 feet; thence departing said North line of Lot 59, run South 00°06'23" East, a distance of 25.00 t:eet; thence run South 89"'53'37" W,est, a distance of 3.02.80 feet to a point on the We,s:t line of said Lot 59; thence run Nor h 00"12'27" West along the West line of said Lo 59, a distance of .25.00 feet to the Poin of Beginning:.
Above Paroel A and Parcel B also being descr·lbed as follows:
19

DESCRIPTlON! Part of THE SEMINOLE LAND AND INVESTMENT
COMPANY'S SUBDIVISION of S,ection 13, Township .27 South, Ran�e 30 East, according to the pfat theveof, recorded in Plat Book B, Page 41, of the	Public Records of Osceola County, Florida, and being more particularly described as follows:	- COMMENCE at the West 1/4 corner of said Section 13, run thence along the Sou h bonndary of the . lorthwest ¼ of said Section 13, N.89D53'l9" E., a distance of 1362.24 feet o the Southwest corner of the Wes ½ of said Northwes ¥4 of Se,ction 13; hence along the West boundary of said West½ of the Northwest¼ of Section 13, also being the centerline ofa 35-foot wide right of way, per said plat of THE SE.MINOLE LAND AND INVESTME. TCOMPANY'S SUBDIVISION of Section 13, N.00°28'15"
W., a distance of 307..34 feet; hence N.89a55'45"E., a distance of 34.08
feet to the Southwest corner oflands described in Offidal Records Book 6287, Page 1570, of he Public Records of Osceola County, Florida, also being the POI. T OF BEGINNlNG; thence along the West, North, and Easf boundary of said lands described in Official Records Book 6287, Page 1570, the following thre,e (3.) courses! 1) N.00"'10'19"W., a distanc,e of 356.64 feet; 2) N..89"57'45"E., a distance of 671.3.2 feet; .3) S.00D10'10" E., a distanoe of 331.25 feet: • hence along: the South bonndary of said Lands des,cribed in Official Records Book 6.287, Page 1570, the following three (3) courses:1) S..89°55'45"W., a distance of 368.45 feet; 2) S..00"'04'15"E., a distance of 25.00 feet; 3) S.89"'55'45"W., a distance of
302.81 fe.et to the POINT OF BEGI  NI  G.
Containing 5.282 acres, move or less; LESS A D E�CEPT:
DESCRIPT.ION! The Ea.st lf2 of a 35-foot wide right of way, per THE SEMINOLE LAND AND I. VESTMENT COMPANY'S SUBDIVISION
of Section 14, Townsh·p 27 South, Range 30 East, according to the p.fat therieof, recorded in Plat Book B, Page 38, of the Public Recovds of Osceola County, Florida, lying between Lots 54 and 55 of said plat.
Containing 0.133 acres, move or less; LESS A 1D E�CEPT!
DESCRlPT.ION: The East 1J:2 of a 35-foot wide right of way, per THE
SEMINOLE LAND AND INVESTMENT COMPANY'S SUBDIVIS.ION
of Section 14, Town.sh·p 27 South, Range 30 East, a,ccording to the plat ther,eof, recorded in Plat Book B, Pa�e 38, of the Public Recovds of Osceola County. Florida, lying between Lots 28 and .29 of said plat.
Containing 0.133 acres, move or less; LESS A D E�CEPT:
DESCRlPTlON: Part of THE SEMINOLE LAND AND INVESTMENT
COMPA. Y'S SUBDIVISION of 8ection 13, Township .27 South, Rang:e 30 East, according to the pfat thereof, recorded in Plat Book B, Page 41, of the Public Records of Osceola County, Florida, and being more particularly described as follows:
COMMENCE at the West¼ corn,er of said Section 13. run thence along the Sou h boundary of the Northwest¼ of said Section 13, N.89D53'l9" E., a distance of 1362.24 feet o the Southwest corner of the West½ of said Northwest ¥t ofSedi.on 13;  hence along the West boundary of said
20

Section VI

Section C

Section 1

GIREast
Community Development District

Unaudited Financial Reporting
September 30, 2025

Table of Contents

	Balance Sheet

	General Fund

	Series 2025 Debt Service Fund

	Series 2025 Capital Projects Fund

	Capital Projects Fund

	Month to Month

	Long Term Debt Schedule

	Assessment Receipt Schedule

GIR East
Community Development District Combined Balance Sheet September 30, 2025

General Fund

Series 2025 Debt Service Fund

Series 2025 Capital Project Fund

Capital Projects Fund

Total Governmental Funds

Assets:
Cash:
Operating Account	

$	4,824	

$	

-	

$	

-	

$	-	

$	4,824	
Due from Developer	$	4,789	$	-	$	-	$	216	$	5,004	
Due from General Fund	$	-	$	-	$	-	$	-	$	-	
Prepaid Expenditures
Series 2025:  Reserve	$	-

$	-	$	-

$	653,994	$

$	-	$	-

-	$	-	$	-

$	653,994	
Revenue	$	-	$	682,100	$	-	$	-	$	682,100	
Interest	$	-	$	-	$	-	$	-	$	-	
Sinking Fund	$	-	$	-	$	-	$	-	$	-	
Prepayment	$	-	$	-	$	-	$	-	$	-	
Acquisition & Construction	$	-	$	-	$	18,503,649	$	-	$	18,503,649	
Cost of Issuance	$	-	$	-	$	5,750	$	-	$	5,750	
Total Assets	$	9,612	$	1,336,093	$	18,509,399	$	216	$	19,855,320	
Liabilities:
Accounts Payable	

$	4,789	

$	-	$	-	$	-	$	4,789	
FICA Payable	$	31	$	-	$	-	$	-	$	31	
Due to Debt Service	$	-	$	-	$	-	$	-	$	-	
Contracts Payable	$	-	$	-	$	-	$	216	$	216	
Total Liabilites	$	4,819	$	-	$	-	$	216	$	5,035	

Fund Balance:
Nonspendable:
Deposits and Prepaid Items Assigned:
Capital Projects Fund	

$	-

$	-	

$	-

$	-	

$	-

$	18,509,399	

$	-

$	-	

$	-

$	18,509,399	
Debt Service Fund	$	-	$	1,336,093	$	-	$	-	$	1,336,093	
Unassigned	$	4,793	$	-	$	-	$	-	$	4,793	
Total Fund Balances	$	4,793	$	1,336,093	$	18,509,399	$	-	$	19,850,285	
						
Total Liabilities & Fund Balance	$	9,612	$	1,336,093	$	18,509,399	$	216	$	19,855,320	

GIR East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:			
Developer Contributions	$	143,628	$	143,628	$	67,973	$	(75,655)	
Total Revenues	$	143,628	$	143,628	$	67,973	$	(75,655)	

Expenditures:			
General & Administrative:			
Supervisor Fees	$	12,000	$	12,000	$	1,600	$	10,400	
FICA Expenditures	$	918	$	918	$	122	$	796	
Engineering	$	15,000	$	15,000	$	95	$	14,905	
Attorney	$	25,000	$	25,000	$	11,528	$	13,472	
Annual Audit	$	3,500	$	3,500	$	3,500	$	-	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	
Arbitrage	$	450	$	450	$	-	$	450	
Dissemination	$	5,000	$	5,000	$	2,500	$	2,500	
Trustee Fees	$	4,500	$	4,500	$	-	$	4,500	
Management Fees	$	40,000	$	40,000	$	40,000	$	-	
Information Technology	$	1,800	$	1,800	$	1,800	$	-	
Website Maintenance	$	1,200	$	1,200	$	1,200	$	-	
Telephone	$	300	$	300	$	-	$	300	
Postage & Delivery	$	1,000	$	1,000	$	92	$	908	
Insurance	$	5,500	$	5,500	$	5,200	$	300	
Printing & Binding	$	1,000	$	1,000	$	27	$	973	
Legal Advertising	$	15,000	$	15,000	$	6,360	$	8,640	
Other Current Charges	$	5,000	$	5,000	$	501	$	4,499	
Office Supplies	$	625	$	625	$	1	$	624	
Travel Per Diem	$	660	$	660	$	-	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Expenditures	$	143,628	$	143,628	$	74,700	$	68,928	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(6,727)		
			
Fund Balance - Beginning	$	-	$	11,520		
			
Fund Balance - Ending	$	-	$	4,793		

GIR East
Community Development District Debt Service Fund Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2025

	Adopted	Prorated Budget	Actual		
		Budget	Thru 08/31/25	Thru 08/31/25	Variance	

Revenues:					
Assessments - Direct Assessments - Lot Closings Interest	$		-	$	-	666,887
-	-	-
-	-	15,213	$	666,887
- 15,213	
Total Revenues	$		-	$	-	$	682,100	$	682,100	

Expenditures:					

Interest - 11/1	
$	-	$	-	$	-	
$	-	
Principal - 5/1	-	-	-	-	
Interest - 5/1	-	-	-	-	
Total Expenditures	$	-	$	-	$	-	$	-	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	682,100		

Other Financing Sources/(Uses):			
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Bond Proceeds	-	-	653,994	653,994	
Total Other Financing Sources/(Uses)	$	-	$	-	$	653,994	$	653,994	
			
Net Change in Fund Balance	$	-	$	1,336,093		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	1,336,093		

GIR East
Community Development District Capital Projects Fund Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/25	Thru 08/31/25	Variance	

Revenues:			
Interest	-	-	378,591	378,591	
Total Revenues	$	-	$	-	$	378,591	$	378,591	

Expenditures:			
Capital Outlay	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	378,591		

Other Financing Sources/(Uses):			
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Cost of Issuance	-	-	(236,999)	(236,999)	
Underwriters Discount	-	-	(388,200)	(388,200)	
Bond Proceeds	-	-	18,756,006	18,756,006	
Total Other Financing Sources/(Uses)	$	-	$	-	$	18,130,808	$	18,130,808	
			
Net Change in Fund Balance	$	-	$	18,509,399		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	18,509,399		

GIR East
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:

Developer Advancements	

$	-	$	-	$	518	

$	518	
Total Revenues	$	-	$	-	$	518	$	518	

Expenditures:

General & Administrative:

Capital Outlay - COI	

$	-	$	-	$	518	

$	(518)	
Total Expenditures	$	-	$	-	$	518	$	(518)	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	-		

GIR East
Community Development District Month to Month

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Developer Contributions	$	3,761	$	639	$	14,711	$	3,877	$	3,795	$	4,628	$	7,866	$	7,606	$	4,526	$	6,142	$	5,632	$	4,789	$	67,973	
Total Revenues	$	3,761	$	639	$	14,711	$	3,877	$	3,795	$	4,628	$	7,866	$	7,606	$	4,526	$	6,142	$	5,632	$	4,789	$	67,973	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	600	$	-	$	200	$	-	$	-	$	200	$	-	$	200	$	-	$	200	$	-	$	200	$	1,600	
FICA Expenditures	$	46	$	-	$	15	$	-	$	-	$	15	$	-	$	15	$	-	$	15	$	-	$	15	$	122	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	95	$	-	$	-	$	-	$	-	$	95	
Attorney	$	1,321	$	291	$	724	$	303	$	346	$	3,606	$	428	$	2,102	$	1,621	$	544	$	245	$	-	$	11,528	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	3,500	$	-	$	-	$	-	$	-	$	-	$	3,500	
Assessment Administration	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dissemination	$	-	$	-	$	-	$	-	$	-	$	-	$	417	$	417	$	417	$	417	$	417	$	417	$	2,500	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Management Fees	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	40,000	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	1,800	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	1,200	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Postage & Delivery	$	1	$	14	$	-	$	-	$	4	$	18	$	1	$	1	$	1	$	41	$	11	$	-	$	92	
Insurance	$	5,200	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,200	
Printing & Binding	$	2	$	0	$	-	$	3	$	-	$	-	$	19	$	-	$	2	$	-	$	-	$	-	$	27	
Legal Advertising	$	208	$	5,944	$	-	$	208	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,360	
Other Current Charges	$	33	$	33	$	33	$	33	$	36	$	36	$	36	$	36	$	80	$	-	$	83	$	60	$	501	
Office Supplies	$	0	$	0	$	-	$	-	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	-	$	1	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total Expenditures	$	11,169	$	9,866	$	4,556	$	4,130	$	3,969	$	7,459	$	7,983	$	6,449	$	5,704	$	4,800	$	4,339	$	4,275	$	74,700	
														
Excess Revenues (Expenditures)	$	(7,408)	$	(9,228)	$	10,155	$	(253)	$	(174)	$	(2,830)	$	(118)	$	1,158	$	(1,178)	$	1,343	$	1,292	$	513	$	(6,727)	

6

GIR East
Community Development District Long Term Debt Report

Series 2025 Capital Improvement Revenue Bonds		
Interest Rate:	4.3-5.5%	
Maturity Date:	5/1/2035	
Optional Redemption Date	5/1/2055	
Reserve Fund Definition:	50% of MADS	
Reserve Fund Requirement:	$653,995	
Reserve Fund Balance:	$653,994	
Bonds outstanding 3/7/25	$19,410,000	
Current Bonds Outstanding	$19,410,000	

7

GIR East
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

DIRECT BILL ASSESSMENTS

WS-GIR, LLC 2025-01			
Net Assessments	
$130,805.18	
$130,805.18	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Series
2025	
8/11/25	9/1/25	WIRE	$130,805.18	$130,805.18	$130,805.18	
			$	130,805.18	$	130,805.18	$	130,805.18	

Lennar Homes LLC 2025-02			
Net Assessments	
$173,027.44	
$173,027.44	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Series
2025	
9/11/25	9/1/25	2527478	$173,027.44	$173,027.44	$173,027.44	
			$	173,027.44	$	173,027.44	$	173,027.44	

DFC Waterlin LLC 2025-03			
Net Assessments	
$217,408.09	
$217,408.09	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Series
2025	
5/1/25	9/1/25	222653	$217,408.09	$217,408.09	$217,408.09	
			$	217,408.09	$	217,408.09	$	217,408.09	

Perry Homes of Florida LLC 2025-04			
Net Assessments	
$145,646.29	
$145,646.29	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Series
2025	
9/24/25	9/1/25	WIRE	$145,646.29	$145,646.29	$145,646.29	
			$	145,646.29	$	145,646.29	$	145,646.29	

8