Sumter Landing Community Development District

MINUTES OF MEETING SUMTER LANDING COMMUNITY DEVELOPMENT DISTRICT A Meeting of the Board of Supervisors of the Sumter Landing Community Development District was held on Monday, July 14, 2025 at 1:30 p.m. at the SeaBreeze Recreation Center, 2384 Buena Vista Boulevard, The Villages, Florida, 32162. Board members present and constituting a quorum: Mike Berning Chair Steve Drake Supervisor Dr. Randy McDaniel Supervisor Gerry Lachnicht Supervisor Staff Present: Kenny Blocker District Manager Kevin Stone District Counsel Bruce Brown Assistant District Manager Shawn Boyle Chief Financial Officer Melissa Schaar Purchasing Director Brandy Cook Budget Director Mike Harris District Property Management Director Jennifer Farlow District Clerk Rebecca Johnson Deputy District Clerk FIRST ORDER OF BUSINESS: Call to Order 1.A. Roll Call Chair Berning called the meeting to order at 1:30 p.m. and stated for the record that four (4) Supervisors were present representing a quorum. Joe Nisbett was absent. 1.B. Pledge of Allegiance Chair Berning led the Pledge of Allegiance. 1.C. Observation of a Moment of Silence The Board observed a moment of silence for those who have served our Country. 1.D. Welcome Meeting Attendees The Board welcomed all those residents in attendance. 1.E. Audience Comments There were no Audience Comments

SLCDD – Meeting Minutes July 14, 2025 Page 2 SECOND ORDER OF BUSINESS: Consent Agenda Chair Berning advised the Board that a motion to approve the Consent Agenda is a motion to approve all recommended actions. All matters on the Consent Agenda are considered routine and no discussion is required unless desired by a Board Supervisor or a member of the public. On MOTION by Steve Drake, seconded by Gerry Lachnicht, with all in favor, the Board took formal action on the following items included on the Consent Agenda: 2.A. Approval of the Minutes for the Meeting held on June 2, 2025. 2.B. Award of ITB #25B-027 HVAC Duct Cleaning Services to CC&SS Inc. DBA Stanley Steemer on an as-needed basis for the pricing as shown in Exhibit A and authorized the Chair/Vice Chair to sign the Agreement. 2.C. Award of ITB #25B-028 FDOT Traffic Control Services to MOTPlans.com, LLC for as needed services as shown in Exhibit A and authorized the Chair/Vice Chair to sign the Agreement. 2.D. Approval of Amendment Fifteen to Agreement 13P-017 with CH2M HILL OMI, for Executive Golf pump stations and aesthetic features, for the addition of the Heron Executive Golf Course Flood Control Pump Station with an increase of $6,829.88 (Base Fee) and authorized the Chair/Vice Chair to sign the Amendment. 2.E. Approval to utilize the District’s Agreement for RFP #24P-026 with Superior Asphalt for Road & Parking Lot Mill & Overlay for the Belvedere Golf Maintenance Facility Mill & Overlay project in the amount of $135,175.00. 2.F. Approval of the Sole Source designation for Florida Irrigation Supply, Inc. for the purchase of Rain Bird golf irrigation system components and associated services and authorized Staff to issue Purchase Orders as needed. 2.G. Approval of the geotechnical engineering depression repairs at the Sarasota Executive Golf Course in the estimated total amount of $93,929.50, and the issuance of all associated purchase orders. 2.H. Approval of the termination of Agreement ITB 24B-024 for Cut/Patch Asphalt Repair Services with Tri-State Asphalt Corporation for non-performance. THIRD ORDER OF BUSINESS: New Business 3.A. Review and Adoption of Joint Resolution 2025-13 Amending Exhibit “A” to the Third Amendment and Restated Interlocal Agreement for Maintenance of Project Wide Improvements Bruce Brown, Assistant District Manager, advised that Resolution 2025-13 proposes an amendment to Exhibit "A" of the Third Amended and Restated Interlocal Governmental Agreement for Maintenance of Project Wide Improvements to remove "The Landing". “The Landing” includes the floating gazebo, floating finger piers and the ramp structure. On May 13, 2024, the Project Wide

SLCDD – Meeting Minutes July 14, 2025 Page 3 Advisory Committee (PWAC) approved Staff’s proposal to remove "The Landing" from the Project Wide Fund (PWF)Exhibit "A"' and to reconstruct the Lake Sumter Landing Floating Boating Facility as a recreational amenity, funded through the Sumter Landing Amenity Division (SLAD) Funds versus the PWF which would have utilized maintenance assessment revenues collected by Village Community Development Districts (VCDD) 5 through 13, Brownwood Community Development District (BCDD) and the Sumter Landing Community Development District (SLCDD). The proposed Lake Sumter Landing Floating Boating Facility will provide an all-inclusive aquatic recreation experience for residents and guests and will include a dragon boat landing, ADA kayak low-profile launch and storage, new boathouse for the two (2) tour boats, a nature and fishing charter pontoon, a 720+ square-foot observation pavilion and a kiosk to provide one-stop resident customer service for an estimated construction cost of $2.7 million plus $225,000 of engineering and design fees. Additional seating and storage lockers will be added along the existing deck behind the ice cream parlor. Mr. Brown advised that Saff requests that the Board adopt Resolution 2025-13 amending Exhibit "A" of the Third Amended and Restated Interlocal Governmental Agreement for the Maintenance of Project Wide Improvements removing "The Landing" from Exhibit "A". On MOTION by Steve Drake, seconded by Dr. Randy McDaniel, with all in favor, the Board adopted Joint Resolution 2025-13 amending Exhibit "A" to the Third Amendment and Restated Interlocal Agreement for Project Wide Improvements. FOURTH ORDER OF BUSINESS: Informational Items Only 4.A. Financial Statements Shawn Boyle, Chief Financial Officer, provided an overview of the unaudited SLCDD Financial Statements as of May 31, 2025: • SLAD and Fitness Funds: Total revenues year-to-date are $80,121000, which are more than the prior year-to-date of $65,312,000 and are 65% of the budgeted revenues of $122,955,000. The Fitness Club Revenue has increased by $400,000 over last year. Investment income of $3,534,000 is less than prior year’s increase in income of $5,003,000. Current year-to-date expenditures are $40,790,000, which is greater than the prior year-to-date expenditures of $34,616,000. The current year-to-date spending is 47% of the amended budgeted expenditure of $87,226,000.

SLCDD – Meeting Minutes July 14, 2025 Page 4 • Project Wide Fund (PWF)/Lake Sumter Landing (LSL) Fund: Revenues year-to-date are $16,861,000 which are greater than the prior year-to-date of $15,706,000 and are at 70% of the budgeted revenues of $24,034,000. Investment income of $260,000 is less than the prior year-to- date investment income gain of $492,000 and that is 64% of the budgeted expenses of $406,000. Year to date operating expenses are $13,464,000 and that is more than the prior year-to-date expenses of $13,179,000. 4.B. Merger of Citizens First Bank and Seacoast Bank Information relating to the merger of Citizens First Bank and Seacoast Bank was provided to the Board as information. 4.C. District Manager Approved Purchase Orders of $50,000.00 to $99,999.99 as Permissible via District Purchasing Policy and Procedures The District Manager approved purchase orders were provided to the Board as information. FIFTH ORDER OF BUSINESS: District Manager Reports 5A. Project Wide Advisory Committee After Agenda Kenny Blocker, District Manager, advised that the Project Wide Advisory Committee (PWAC) After Agenda for the meeting held on July 14, 2025, has been provided, as information. Mr. Blocker advised that a letter has been sent to the PWAC, this Board and the Developer from Village Center Community Development District (VCCDD) requesting consideration to establish an amenity fee deferral rate of $199. 5.B. Executive Golf Quarterly Report The Executive Golf Quarterly Report was provided to the Board as information. SIXTH ORDER OF BUSINESS: District Counsel Reports There were no District Counsel Reports. SEVENTH ORDER OF BUSINESS: Supervisor Comments There were no Supervisor Comments. EIGHTH ORDER OF BUSINESS: Adjourn The meeting was adjourned at 1:42 p.m.

SLCDD – Meeting Minutes July 14, 2025 Page 5 On MOTION by Steve Drake, seconded by Gerry Lachnicht, with all in favor, the Board adjourned the meeting. Kenneth C. Blocker Mike Berning Secretary Chair

James Stone, we're looking at real estate. I'm call to order the meeting of the Sumter Landing Community Development District for July 14th, 2025. Let the record reflect that with the exception of Mr. Nesbit, all supervisors are present. Uh, if you would please join us in the Pledge of Allegiance I reasons to the flag of the United States of America, and choose the republic for which it stands, one Nation under God, individual with liberty, justice fraud to please remain standing and join us during silence. Thank you. Yeah, I started looking, I did too. It on even. It's on our toes. Um, like to walk those in attendance. Big crowd today. Um, well, Andrew, this time we're open to full to any audience comments. Hearing none, we will move, uh, to the consent agenda. Do we have motion for approval? I be that motion. I'll second. Any changes to the, no, sir. All good. Have a motion and a second. All those in favor? Aye. Motion is approved. New business review and adoption of joint resolution 20 25 13 amending exhibit A to the Third amendment and Restain in your agreement. Maintenance of project wide improvements. Yes, sir. Mr. Brown will go over that agenda item. That project ride did approve this morning as well. Good morning, Mr. Chairman Board. Uh, so what you have before you today is, uh, to review an adoption of joint resolution 2 0 2 5 dash three amending exhibit A to the third amended and restate interlocal agreement for the maintenance of project wide improvements. Essentially, uh, this one will remove what is listed as the landing on exhibit A, which is the, uh, ramp and the gazebo structure and the finger piers that are existing now. But the gazebo is no longer existing. It fell in the water during the storm. Uh, that will remove that off of exhibit A and will no longer be funded under maintenance assessments or maintenance fees. And it would recategorize recategorize that area as an amenity and, uh, project wide. And, uh, this board approved the engineering work to do the architectural design for a new amenity waterfront, which will, um, house the tour boats, the dragon boats, the kayaks, and several other things all in that same area, as well as rebuild a new and improved much larger, um, uh, gazebo type structure for residents to sit out and do the lake and the sunset and the sunrise, things like that. Um, the cost to the cost, the government cost estimate to rebuild the existing structure as is was about 2.7 billion. The cost estimate to rebuild it as an amenity was about $3 million. Um, I think we'll probably exceed that a little bit because it's gotten a little fancier in the design process, but, uh, we'll obviously know that once we go out to bid, but, so essentially this, uh, this agenda item, this resolution went through all of districts five through 13 last month, and they all unanimously approved it. And with your approval, it would remove the landing off of Exhibit A recategorize, recategorize it as an amenity to be funded with amenity funds, therefore, would no longer be funded with maintenance funds. We anticipate bringing the initial design to, uh, project wide and Sumter landing in the next 60 days per review. And then once that concept design is approved, we would put that project out to bid to be constructed next year. So if there's any questions, unless there's any questions, uh, we recommend adoption of joint resolution 2 0 2 5 1 3 amending exhibit A to third and restated interlocal agreement for project wide improvements by removing the landing from Exhibit A. I'd make a motion to approve. I'll second. We have a motion and a second. All those in favor? Aye. Aye. Aye. Motions approve. Thank you. Thank you, sir. Very good. Thank you. Financial statements, I believe Mr. Boyle or you, Ms. Pierre is, um, um, no longer with the district as she has resigned and taken on another challenge. Uh, so Mr. Boyle has, uh, is standing it from his Pierre and going to the financial statements. So Sean, Sean Boyle Finance. With that said, my, my my delivery of financials is more, is more of a conversation and reading a statement. So with that said, I'd like to go through and point out some highlights. Uh, with the proprietary funds, we look at the revenues. We had budgeted $123 million for revenues, and we are currently at $80.1 billion. Um, so that puts us about 65%, even though we progressed about 68% through the, the budget year. Uh, there's two standouts That one is near and dear to one of you, and the other one is, uh, actually a good thing. Uh, we had a, a drive to increase enrollment in the fitness centers, and that was very successful actually. So I wanna point that out. It's not really easy to see on the financial statements. And so, uh, those revenues for the enrollment and memberships is actually up $400,000 over last year. So that's a, a notable. The second piece, which, um, a little bit more stubborn is the investment returns. Um, and as I said, those investment returns, even though we anticipated some of the contraction in the market and budgeted it that way, um, they are, they're substantially, uh, lower than they were last year. And primarily that's because of the domestic side of our portfolio, which is very short duration is between really three months and three years. Uh, and so what's happened is, uh, last year we were looking at, you know, three month treasuries that were in the five and a quarter. Now we're looking at a full point reduction, if not a point and a quarter. And so, uh, those, those returns are gonna be stubborn and are not gonna, uh, reach the levels that we had last year. So I don't anticipate that turning around the bright spot in the portfolio is the long-term portion. Um, and as you know, that portion of the portfolio is split between 60, 40, 40% in fixed, uh, income. Uh, and the other 60% is in, uh, international equities, even though there is a large portion of that concentrate is domestic equities. Even within that, because the United States is in the world market, um, there's a little shiny spot there. Those are starting to perform, uh, a little better than we had anticipated. So as you can see on the financial report, you'll see a slight uptick for those returns, but it is not large enough to compensate for the approximately 80, 81%, uh, that we have in the short, uh, fixed income area, which are those domestic type, uh, commercial paper and the, um, uh, treasuries and agencies. So we will, uh, we'll, we'll exceed budget, but we will, we will fall a little bit short from where we, where we were last year. Um, on the expenditure side of the proprietary funds. Um, the vast majority of, uh, the variances between where we actually budgeted and how we're progressing through the year, uh, is really attributed to projects, capital projects and, uh, furniture and those types of acquisitions. Though we've got COVID in the rear view mirror. Then we have some other, uh, supply chain disruptions that came along. And so we're trying to push those projects forward as quickly as we can, but we like to make sure that the materials are in place, um, before we start some of these projects. And also getting on the developers, uh, list of projects to complete for that year. So we're a little bit behind, um, scheduling some of those projects, but, um, we'll, we'll continue to push those forward as hard as we can. Whatever we don't accomplish this year, we'll be rebudgeting all over to next year. Um, looking at the governmental funds, if I can get this thing to work, um, there's really not a lot going on in the governmental funds. Um, really the vast, vast majority of the, uh, variances between budget and actuals is all attributed to seasonality. Again, um, as far as the revenue's concerned on the expenditure side, um, the same exact, it's a ditto from the, uh, proprietary funds. There are some things there that were delayed or, uh, we have some wolf projects and some boathouse projects that we, uh, set aside for budgetary funds and we haven't realized those. And so I think as the quarter progresses, you're gonna see that come back into a line. So I will stop and see if there's any questions that the board might have. In other words, everything's good. Thank you, sir. Thank you. Uh, merger of Citizens First Bank and CCOs Bank, just for informational purposes, just to show you that, that we did receive that notice as all the districts received that same notice. We just put it on there for disinformation. Those are my reports. Um, project wide advisory committee, so much of what you have on your consent agenda and the new business item you just approved was on the project wide, uh, committee, uh, uh, agenda this morning. The other thing that we, uh, did send out to them this morning as well as this board is a letter from myself, uh, as authorized by the Village Center, uh, and a copy of a resolution that was approved by the A a c, uh, last week in reference to, um, um, basically placing a deferral rate on amenity fees at $199. Uh, that was their resolution that they approved Village Center, uh, asked me to send that out to all amenity owners as well as a a c did to get their feedback, uh, on how they feel about, um, a deferral rate at set at $199. So I have noticed project wide yourself and the developer, so those are all the amenity owners, and get their feedback. This will be placed on the agenda for project wide and Sumter Landing next month to hear some feedback and conversation on the project wide level. And then we'll bring it, that conversation to this board to have the conversation as well. In the meantime, um, we are, um, anticipating some feedback from the developer as how they feel about a deferral rate of $199. Keep in mind, I think there's, uh, a ECI think there was comments that, um, they anticipate potentially maybe a counter or amended type of, uh, um, uh, resolution or some languish of that resolution that they would come back and entertain as well. So right now, you know, a EC has been talking about this for several months. Uh, we had a workshop, I believe in February where Mr. Stone gave his opinion as to how it works and that a EC, um, has been told. Uh, and I think they understand for the most part. Sometimes maybe they don't want to agree with it, that, uh, whatever change is made, all amenity owners have to agree to it. Um, so it just can't be arbitrarily done on one, uh, from one committee or one board. So you have that in your inbox, uh, and it will be on your agenda next month. So I just wanted to give you a heads up on that. And then the, uh, golf court report is there for your review. If you got any questions, uh, Mr. Jones or Mr. Williams is always available for any type of questions. Other than that, those are all my reports, sir. Okay, Ms. Walker, any questions for Moore, Mr. Stone? Nothing else. Thanks. Thanks sir. Any supervisor comments? Hearing none, we will entertain. Motion to adjourn. I make that motion. I'll second have a motion and a second. All in favor? Aye. Motion? Aye. Things are dry. Very good. Thank you. Take care. You guys have fun? Uh, mostly Italy. Uh, little bit of Spain, a little bit of France, mostly Italy. Good. It was, uh, or, uh, a little bit.