DARBY
Community Development District JULY 23, 2024

AGENDA

Darby Community Development District
475 West Town Place
Suite 114 St. Augustine, Florida 32092

July 16, 2024
Board of Supervisors
Darby Community Development District Dear Board Members:
The Meeting of the Darby Community Development District will be held Tuesday, July 23, 2024 at 10:30 a.m. located at 1000 Riverside Ave., Suite 600, Jacksonville, Florida 32204.
Following is the advance agenda for the meeting:
Roll Call
Audience Comments (regarding agenda items listed below)
Consideration of Minutes of the May 14, 2024 Meeting
Public Hearing Adopting the Fiscal Year 2025 Budget
Overview of Budget

Consideration of Resolution 2024-15, Relating to the Annual Appropriations and Adopting the Budget for Fiscal Year 2024
Consideration of Fiscal Year 2025 Developer Funding Agreement
Ratification of Requisition No. 2

Staff Reports
Attorney

Engineer

Manager – Discussion of Fiscal Year 2025 Meeting Schedule

Supervisors Requests

Audience Comments

Financial Statements as of May 31, 2024

Ratification of Funding Request No. 9

Next Scheduled Meeting – August 13, 2024 @ 10:30 a.m.

Adjournment

THIRD ORDER OF BUSINESS

Minutes of Meeting Darby
Community Development District

The regular meeting of the Board of Supervisors of the Darby Community Development District was held Tuesday, May 14, 2024 at 10:30 a.m. at 1000 Riverside Avenue, Site 600, Jacksonville, Florida

Present and constituting a quorum were:
Shannon Acevedo	Vice Chairperson
Rick Egger	Supervisor
Josh Beauchamp	Supervisor

Also present were:
Daniel Laughlin	District Manger
Wes Haber	District Counsel by telephone
Beth Leaptrott	Engineer, Connelly & Wicker
Jeremy Wannamaker	Corner Lot Development
Justin Holmes	Corner Lot Development
Walt Schwartz	Corner Lot Development Following is a summary of the actions taken at the May 14, 2024 meeting.
FIRST ORDER OF BUSINESS	Roll Call
Mr. Laughlin called the meeting to order at 10:30 a.m. and called the roll.

SECOND ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the April 9, 2024
Meeting

On MOTION by Mr. Egger seconded by Ms. Acevedo with all in favor the minutes of the April 9, 2024 meeting were approved as presented.

May 14, 2024	Darby Community Development District

FOURTH ORDER OF BUSINESS	Acceptance of Draft Audit Report for Fiscal
Year 2023
Mr. Laughlin stated it was a clean audit and the district complied in all material respects with the requirements for the period from inception of June 16th to September 30, 2023.

On MOTION by Mr. Beauchamp seconded by Mr. Egger with all in favor the fiscal year 2023 audit was accepted.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-14
Approving the Proposed Budget for Fiscal Year 2025 and Setting a Public Hearing Date to Adopt
Mr. Laughlin stated Resolution 2024-14 approves the proposed fiscal year 2025 budget and sets the public hearing date for adoption. In Duval County we must adopt the budget by the end of July. Whatever we approve today sets the high expenditure mark, we can come down from that amount when we adopt it, but we cannot go higher than that.
Mr. Laughlin reviewed the revenues and projected expenditures totaling $382.153.
Mr. Haber stated deficit funding agreements are seen in two different circumstances, the first one is if the assessment levels based on all the different lots is higher than you initially want then a developer will say we understand that will fund the entire budget and will be $500 a lot and we only want to put $400 on each lot so the developer will sign an agreement that says to the extent that the district needs more than $400 per lot then the developer will make up the difference. That agreement also says that if the budget over estimates what we are going to spend and the district can get by with only $400 per lot opposed to $500 per lot then the developer wouldn’t have any funding obligation. The other instance where we sometimes do developer funding agreement is the district will recognize that unplatted property may not benefit from the various improvements to the same degree that the platted lots benefit. We can levy that amount over just the platted lots and for the unplatted property a lesser O&M assessment for the administrative portion of the budget could be allocated to the undeveloped property and the developer signs a funding agreement that says the developer will make up any difference in amounts needed for the unplatted lots up to the full amount that they would have had to pay if those lots were platted. They only pay those actual funds needed not an obligation to pay the full amount.
A decision doesn’t need to be made at this meeting but before we send out notices for the assessment hearing and those need to be sent out no less than 20 days prior to the public hearing

May 14, 2024	Darby Community Development District

and there is a notice in the paper so we need at least 30 days in advance of the hearing to figure out how you want to allocate those O&M assessments.
Ms. Acevedo stated this is based on 306 and we will definitely have those platted by the time the fiscal year starts.
Mr. Laughlin stated it should be broken down, the 306 I believe is an error and it should be the whole 742 that changes the $1,350 to $545. Who is the best to work with between meetings on this? We can do this on the phone or I can come up here to meet.
We do need 60 days between today and the date of adoption. Currently our July meeting is scheduled for July 9, and it would have to be after the 14th so we have that 60 days.
It was the consensus of the board to hold the public hearing on July 23, 2024.

On MOTION by Mr. Egger seconded by Mr. Beauchamp with all in favor Resolution 2024-14 approving the fiscal year 2025 budget and setting the public hearing for July 23, 2024 was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Haber stated if a meeting is scheduled to go over options for O&M assessment allocations, I will be happy to participate in that.

Engineer
Ms. Leaptrott stated not much has changed from last month, Phases 1 and 2 are under construction. We have submitted some revisions to the city to clean up the plat. Phase 1 has been approved, phase 2 drainage is still under review, phase 3 has been approved by all agencies with the exception of the water management district. They are finalizing the wetland mitigation. Phase 4 has been approved by JEA, water management district is the same as phase 3 and City of Jacksonville still outstanding drainage problems. The offsite turn lane associated with Phase 4 is going back in for city review this week then a few revisions on the amenity and we will turn it in to the city.

Manager – Report on Number of Registered Voters (0)

May 14, 2024	Darby Community Development District

A copy of the letter from the supervisor of elections indicating that there are no registered voters residing in the district was included in the agenda package.

SEVENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Beauchamp stated we had a meeting about the amenity and the question came up about access. Whether it is a key card reader or just the standard latch to allow you in. That is something that gets deeded over to the district. We are in the process of getting those plans squared away. Currently, there is nothing in there for any type of key card reader or anything like that.
Mr. Laughlin stated that is something that is highly recommended. Typically, it is an access card, each card is assigned to a home and if something happens, we can look back and see who accessed the amenity. It helps track issues and keeps people from outside the community out of the amenity. Every month at every district there is a discussion about people outside the community using their amenities.
Mr. Beauchamp stated you are going to want a card reader on the gate and some kind of integral cameras on the pool and parking lot.
Mr. Laughlin stated it would be a small monthly fee for maintenance, but it shouldn’t have too much effect on this budget.

EIGHTH ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Financial Statements as of March 31, 2024
A copy of the financials was included in the agenda package.

TENTH ORDER OF BUSINESS	Consideration of Funding Request No. 8

On MOTION by Ms. Acevedo seconded by Mr. Beauchamp with all in favor funding request no. 8 in the amount of $8,278.93 was approved.

ELEVENTH ORDER OF BUSINESS	Next Meeting Scheduled – June 11, 2024 at
10:30 a.m.
Mr. Laughlin stated the next meeting will be held June 11, 2024 at 10:30 a.m.

May 14, 2024	Darby Community Development District

On MOTION by Mr. Beauchamp seconded by Mr. Egger with all in favor the meeting adjourned at 11:13 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS

A.

Darby
Community Development District

Approved Budget
FY2025
July 23, 2024

Table of Contents

1-2

3-5

6-7

8-9

	General Fund

	Narratives

	Debt Service Fund Series 2024 A-1

	Debt Service Fund Series 2024 A-2

10		Assessment Schedule

Darby
Community Development District

Adopted Budget

Actuals Thru	Projected Next Projected Thru	Approved
Budget

Approved Budget General Fund

Description	FY2024	5/31/24		4 Months		9/30/24	FY 2025	
REVENUES:						
Special Assessments - On Roll	$-	$-	$-	$-	$137,392	
Special Assessments - Direct Bill	-	-	-	-	82,483	
Developer Contribution	109,148	41,142	54,495	95,637	113,278	
Interest Earned	-	-	-	-	-	
Carry Forward Surplus	-	-	-	-	-	
TOTAL REVENUES	$109,148	$41,142	$54,495	$95,637	$333,153	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$8,800	$-	$-	$-	$12,000	
FICA Taxes	673	-	-	-	918	
Engineer	12,000	-	12,000	12,000	12,000	
Attorney	25,000	2,945	22,056	25,000	25,000	
Annual Audit	3,200	3,200	-	3,200	3,300	
Assessment Administration	5,000	-	-	-	7,500	
Arbitrage Rebate	-	-	-	-	600	
Trustee Fees	-	-	-	-	4,600	
District Management Fees	36,000	24,000	12,000	36,000	47,700	
Dissemination Agent	-	1,875	2,500	4,375	7,500	
Information Technology	1,800	1,200	600	1,800	1,908	
Website Maintenance	1,200	800	400	1,200	1,272	
Telephone	500	47	153	200	500	
Postage & Delivery	1,500	18	500	518	1,500	
Insurance General Liability and Public Officials Insurance	5,500	5,000	-	5,000	5,500	
Printing & Binding	1,200	128	400	528	1,200	
Legal Advertising	5,000	2,669	2,331	5,000	5,000	
Other Current Charges	600	166	434	600	1,200	
Office Supplies	1,000	21	20	41	1,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$109,148	$42,244	$53,393	$95,637	$140,373	

Darby
Community Development District
Approved Budget General Fund

Adopted	Actuals Thru	Projected Next Projected Thru	Approved Budget				Budget	
Description	FY2024		5/31/24			4 Months		9/30/24		FY 2025	

Operations & Maintenance									
Landscape Maintenance		$-		$-	$-		$-	$35,000	
Landscape Contingency		-		-	-		-	10,000	
Lake Maintenance		-		-	-		-	7,000	
Field Operations Management		-		-	-		-	12,000	
Repairs & Maintenance		-		-	-		-	13,000	
Irrigation Repairs		-		-	-		-	4,000	
Electric		-		-	-		-	35,000	
Water & Sewer		-		-	-		-	15,000	
Total Operations & Maintenance	$-		$-		$-	$-		$131,000	

Amenity Maintenance									
Insurance		$-		$-	$-		$-	$25,000	
Facility Management		-		-	-		-	10,000	
Pool Maintenance		-		-	-		-	6,000	
Pool Chemicals		-		-	-		-	5,000	
Pool Permits		-		-	-		-	530	
Cable		-		-	-		-	2,200	
Janitorial		-		-	-		-	6,300	
Facility Maintenance		-		-	-		-	5,000	
Pest Control		-		-	-		-	1,000	
Refuse		-		-	-		-	750	
Total Amenity Maintenance	$-		$-		$-	$-		$61,780	

TOTAL EXPENDITURES	$109,148	$42,244	$53,393	$95,637	$333,153	
						
EXCESS REVENUES (EXPENDITURES)	$0	-$1,102	$1,102	$0	$0	

Darby
Community Development District
Budget Narrative Fiscal Year 2025

REVENUES

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Developer Contribution
The District will enter into a Funding Agreement with the Developer to fund General Fund Expenditures for the Fiscal Year.

Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
District Engineering Fees
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2024 Special Assessment Revenue Bonds. The District will contract with an Independent Certified Accounting Firm. to calculate the rebate liability and submit a report to the District.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.

Darby
Community Development District
Budget Narrative Fiscal Year 2025

Expenditures - Administrative (continued)

Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly.
Telephone
Phone, internet, and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability and Public Officials
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based on estimated premium.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Current Other Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Operations

Landscape Maintenance
The District has contracted with vendor to maintain the common areas of the District.
Landscape Contingency
Other landscape costs not under contract, which includes landscape light repairs, tree removals, tree trimmings, additional mulching
Lake Maintenance
The District has contracted with vendor maintain the water quality in all the lakes in the Community.
Field Operations Manager
The District has contracted with Company to provide Field Operations services, to include supervision of operating and maintaining District's common areas and management of O&M related vendor contracts. The Field Operations manager shall work 40 hours weekly.
Repair & Maintenance
Cost of labor (when outsourced) and supplies for routine repairs and maintenance of the District’s common areas.
Irrigation Repairs
Cost of miscellaneous repairs and maintenance to irrigation system.
Electric
The estimated cost for common area electric meters througout the District with JEA.
Water/Sewer/Irrigation
The District has various utility accounts with JEA for water, sewer, and irrigation used by the district.

Darby
Community Development District
Budget Narrative Fiscal Year 2025

Expenditures – Amenity

Insurance
The District's Property Insurance policy is with the EGIS, who specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to two Amenity Centers and other district property facilities and capital assets.
Facility Management
Cost to provide management services for the Amenity Center.
Pool Maintenance
The estimated amount based on proposed contract with vendor to provide maintenance of the Amenity Center swimming pool.
Pool Chemicals
The estimated amount based on proposed contract with Riverside Management Services and Poolsure to provide chemicals to maintain the Amenity Center swimming pool.
Pool Permits
Represents Permit Fees paid to the Department of Health for the swimming pool and spray ground area.
Cable
The District has various accounts to provide internet services for amenity center and gym.
Janitorial
The District will contract with a vendor to provide janitorial services for Amenity Center and will also include area maintenance services.
Facility Maintenance
Cost of labor (when outsourced) and supplies for routine repairs and maintenance of the District’s common areas and Amenity Centers, to include painting, pressure washing, carpet cleaning and replacement of lighting in and around the facilities.
Pest Control
The District is contracted with Freedom Pest Control for pest control services
Refuse
The estimated cost of garbage disposal service will be provided by local company for the District.

Darby
Community Development District
Approved Budget
Debt Service Series 2024A-1 Special Assessment Revenue Bonds

	Approved Budget	Actuals Thru	Projected Next  Projected Thru	Approved Budget	
Description	FY2024	5/31/24		4 Months		9/30/24	FY 2025	

REVENUES:						
Special Assessments	$-	$-	$-	$-	$258,137	
Interest Earnings	-	4,831	6,519	11,350	2,500	
Carry Forward Surplus (1)	-	-	-	-	103,781	
TOTAL REVENUES	$-	$4,831	$6,519	$11,350	$364,418	

EXPENDITURES:						
Interest 11/1	$-	$-	$-	$-	$103,781	
Interest 5/1	47,278	47,278	-	47,278	103,781	
Principal 5/1	-	-	-	-	50,000	
TOTAL EXPENDITURES	$47,278	$47,278	$-	$47,278	$257,563	

Other Sources/(Uses)						
Bond Proceeds	$409,125	$409,125	$-	$409,125	$-	
TOTAL OTHER SOURCES/(USES)	$409,125	$409,125	$-	$409,125	$-	
						
EXCESS REVENUES (EXPENDITURES)	$361,847	$366,678	$6,519	$373,197	$106,855	

(1) Carry Forward is Net of Reserve Requirement		
Interest Due 11/1/25	
$102,581	

Darby
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2024A-1 Special Assessment Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/24	3,620,000	4.800%		-	103,781	103,781	
05/01/25	3,620,000	4.800%	50,000	103,781		
11/01/25	3,570,000	4.800%		-	102,581	256,363	
05/01/26	3,570,000	4.800%	50,000	102,581		
11/01/26	3,520,000	4.800%		-	101,381	253,963	
05/01/27	3,520,000	4.800%	55,000	101,381		
11/01/27	3,465,000	4.800%		-	100,061	256,443	
05/01/28	3,465,000	4.800%	55,000	100,061		
11/01/28	3,410,000	4.800%		-	98,741	253,803	
05/01/29	3,410,000	4.800%	60,000	98,741		
11/01/29	3,350,000	4.800%		-	97,301	256,043	
05/01/30	3,350,000	4.800%	65,000	97,301		
11/01/30	3,285,000	4.800%		-	95,741	258,043	
05/01/31	3,285,000	4.800%	65,000	95,741		
11/01/31	3,220,000	5.625%		-	94,181	254,923	
05/01/32	3,220,000	5.625%	70,000	94,181		
11/01/32	3,150,000	5.625%		-	92,213	256,394	
05/01/33	3,150,000	5.625%	75,000	92,213		
11/01/33	3,075,000	5.625%		-	90,103	257,316	
05/01/34	3,075,000	5.625%	80,000	90,103		
11/01/34	2,995,000	5.625%		-	87,853	257,956	
05/01/35	2,995,000	5.625%	80,000	87,853		
11/01/35	2,915,000	5.625%		-	85,603	253,456	
05/01/36	2,915,000	5.625%	85,000	85,603		
11/01/36	2,830,000	5.625%		-	83,213	253,816	
05/01/37	2,830,000	5.625%	90,000	83,213		
11/01/37	2,740,000	5.625%		-	80,681	253,894	
05/01/38	2,740,000	5.625%	95,000	80,681		
11/01/38	2,645,000	5.625%		-	78,009	253,691	
05/01/39	2,645,000	5.625%	105,000	78,009		
11/01/39	2,540,000	5.625%		-	75,056	258,066	
05/01/40	2,540,000	5.625%	110,000	75,056		
11/01/40	2,430,000	5.625%		-	71,963	257,019	
05/01/41	2,430,000	5.625%	115,000	71,963		
11/01/41	2,315,000	5.625%		-	68,728	255,691	
05/01/42	2,315,000	5.625%	120,000	68,728		
11/01/42	2,195,000	5.625%		-	65,353	254,081	
05/01/43	2,195,000	5.625%	130,000	65,353		
11/01/43	2,065,000	5.625%		-	61,697	257,050	
05/01/44	2,065,000	5.625%	135,000	61,697		
11/01/44	1,930,000	6.000%		-	57,900	254,597	
05/01/45	1,930,000	6.000%	145,000	57,900		
11/01/45	1,785,000	6.000%		-	53,550	256,450	
05/01/46	1,785,000	6.000%	155,000	53,550		
11/01/46	1,630,000	6.000%		-	48,900	257,450	
05/01/47	1,630,000	6.000%	165,000	48,900		
11/01/47	1,465,000	6.000%		-	43,950	257,850	
05/01/48	1,465,000	6.000%	175,000	43,950		
11/01/48	1,290,000	6.000%		-	38,700	257,650	
05/01/49	1,290,000	6.000%	185,000	38,700		
11/01/49	1,105,000	6.000%		-	33,150	256,850	
05/01/50	1,105,000	6.000%	195,000	33,150		
11/01/50	910,000	6.000%		-	27,300	255,450	
05/01/51	910,000	6.000%	205,000	27,300		
11/01/51	705,000	6.000%		-	21,150	253,450	
05/01/52	705,000	6.000%	220,000	21,150		
11/01/52	485,000	6.000%		-	14,550	255,700	
05/01/53	485,000	6.000%	235,000	14,550		
11/01/53	250,000	6.000%		-	7,500	257,050	
05/01/54	250,000	6.000%	250,000	7,500	257,500	
Total			$3,620,000	$4,161,784	$7,781,784	

Darby
Community Development District
Approved Budget
Debt Service Series 2024A-2 Special Assessment Revenue Bonds

	Approved Budget	Actuals Thru	Projected Next  Projected Thru	Approved Budget	
Description	FY2024	5/31/24		4 Months		9/30/24	FY 2025	

REVENUES:						
Special Assessments	$-	$-	$-	$-	$573,658	
Interest Earnings	-	2,986	15,512	18,498	5,000	
Carry Forward Surplus (1)	-	-	-	-	289,847	
TOTAL REVENUES	$-	$2,986	$15,512	$18,498	$868,505	

EXPENDITURES:						
Interest 11/1	$-	$-	$-	$-	$286,847	
Interest 5/1	130,675	130,675	-	130,675	286,847	
TOTAL EXPENDITURES	$130,675	$130,675	$-	$130,675	$573,694	

Other Sources/(Uses)						
Bond Proceeds	$991,215	$991,215	$-	$991,215	$-	
TOTAL OTHER SOURCES/(USES)	$991,215	$991,215	$-	$991,215	$-	
						
EXCESS REVENUES (EXPENDITURES)	$860,540	$863,526	$15,512	$879,038	$294,811	

(1) Carry Forward is Net of Reserve Requirement		
Interest Due 11/1/25	
$286,847	

Darby
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2024A-2 Special Assessment Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/24	9,765,000	5.875%		-	286,847	417,522	
05/01/25	9,765,000	5.875%		-	286,847		
11/01/25	9,765,000	5.875%		-	286,847	573,694	
05/01/26	9,765,000	5.875%		-	286,847		
11/01/26	9,765,000	5.875%		-	286,847	573,694	
05/01/27	9,765,000	5.875%		-	286,847		
11/01/27	9,765,000	5.875%		-	286,847	573,694	
05/01/28	9,765,000	5.875%		-	286,847		
11/01/28	9,765,000	5.875%		-	286,847	573,694	
05/01/29	9,765,000	5.875%		-	286,847		
11/01/29	9,765,000	5.875%		-	286,847	573,694	
05/01/30	9,765,000	5.875%		-	286,847		
11/01/30	9,765,000	5.875%		-	286,847	573,694	
05/01/31	9,765,000	5.875%		-	286,847		
11/01/31	9,765,000	5.875%		-	286,847	573,694	
05/01/32	9,765,000	5.875%		-	286,847		
11/01/32	9,765,000	5.875%		-	286,847	573,694	
05/01/33	9,765,000	5.875%		-	286,847		
11/01/33	9,765,000	5.875%		-	286,847	573,694	
05/01/34	9,765,000	5.875%		-	286,847		
11/01/34	9,765,000	5.875%		-	286,847	573,694	
05/01/35	9,765,000	5.875%	9,765,000	286,847	10,051,847	
Total			$9,765,000	$6,310,631	$16,206,306	

Darby
Community Development District
Non-Ad Valorem Assessments Comparison 2024-2025

Neighborhood	O&M Units	Bonds 2024A1
Units	Bonds 2024A2
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
				O&M	O&M	O&M	Series 2024A1	Series 2024A2	Series 2024A1	Series 2024A2		Series 2024A1	Series 2024A2	Series 2024A1	Series 2024A2	Total	

SF - 40'	
214	
214	
214	
$485.40	
$0.00	
$485.40	
$799.00	
$1,961.00	
$0.00	
$0.00	
$2,760.00	
$1,284.40	
$2,446.40	
$0.00	
$0.00	
$3,245.40	
SF - 50'	65	65	65	$485.40	$0.00	$485.40	$999.00	$2,181.00	$0.00	$0.00	$3,180.00	$1,484.40	$2,666.40	$0.00	$0.00	$3,665.40	
SF - 80'	27	27	27	$485.40	$0.00	$485.40	$1,598.00	$2,176.00	$0.00	$0.00	$3,774.00	$2,083.40	$2,661.40	$0.00	$0.00	$4,259.40	
Total	306	306	306										

B.

RESOLUTION 2024-15
[FY 2025 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE DARBY COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Darby Community Development District (“District”) prior to June 15, 2024, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

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

SECTION 1.  BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Darby Community Development District for the Fiscal Year Ending September 30, 2025.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2025, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2025 or within 60 days following the end of the FY 2025 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 23rd DAY OF JULY, 2024.
ATTEST:	DARBY COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	FY 2025 Budget

FIFTH ORDER OF BUSINESS

BUDGET FUNDING AGREEMENT FISCAL YEAR 2025

This Agreement (“Agreement”) is made and entered into effective as of October 1, 2024, by and between:

Darby Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, (“District”), and is located in Duval County, Florida (“County”), and

Plummer JV, LLC, a Florida limited liability company, and the owner and/or developer of property located within the boundaries of the District (“Developer,” and together with the District, the “Parties”). For purposes of this Agreement, the term “Property” shall refer to that certain property within the CDD owned by the Developer on the Effective Date of this Agreement.

RECITALS

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure, and is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing the Property within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities, and services and from the continued operations of the District; and

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the Board of Supervisors (“Board”) of the District adopted its general fund budget (“Budget”) attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, the Parties recognize the Budget may be amended from time to time in the sole discretion of the District; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all lands within the District benefitting from the activities, operations and services set forth in the Budget, including the Property, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in the Budget; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit to the Property equal to or in excess of the costs reflected in the Budget; and

WHEREAS, the Developer agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the lands within the District, including the Property, for the activities, operations, and services set forth in the Budget; and

WHEREAS, Developer and District agree such Budget funding obligation by the Developer may be secured and collection enforced pursuant to the methods provided herein.

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:

FUNDING. The Developer agrees to make available to the District the monies (“Funding Obligation”) necessary for the operation of the District as called for in the Budget attached hereto as Exhibit A within thirty (30) days of written request by the District. Exhibit A attached hereto may be amended from time to time pursuant to Florida law, subject to the Developer’s consent to such amendments to incorporate them herein; provided however, that amendments adopted by the Board at a duly noticed meeting shall have the effect of amending this Agreement without further action of the Parties. As a point of clarification, the District shall only request as part of the Funding Obligation that the Developer fund the actual expenses of the District, and the Developer is not required to fund the total general fund Budget in the event that actual expenses are less than the projected total general fund Budget, as may be amended as provided herein. The funds shall be placed in the District's general checking account. In the event the Developer sells any of the Property during the term of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same.

ACKNOWLEDGEMENT. The District hereby finds, and the Developer acknowledges and agrees, that the activities, operations and services set forth in the Budget provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District. Nothing contained herein shall constitute or be construed as a waiver of the District’s right to levy assessments, including on the Property, in the event of a funding deficit.

COLLECTION METHODS. The District may enforce the collection of funds due under this Agreement using one or more of the following collection methods:
[Contractual Lien]. The District shall have the right to file a continuing lien (“Lien”) upon all or a portion of the Property, which Lien shall be effective as of the date and time of the recording of a “Notice of Lien” in the public records of the County.
[Enforcement Action] The District shall have the right to file an action against the Developer in the appropriate judicial forum in and for the County.
[Uniform Method; Direct] The District may certify amounts due hereunder as a non- ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law.
The enforcement of the collection of funds in any of the above manners, including which method(s) to utilize, shall be in the sole discretion of the District Manager on behalf of the District, without the need of further Board action authorizing or directing such.

ENTIRE AGREEMENT; AMENDMENTS. This instrument shall constitute the final and complete expression of the agreement among the Parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the Parties hereto.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each Party has complied with all of the requirements of law, and each Party has full power and authority to comply with the terms and provisions of this instrument.

ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other. Any purported assignment without such consent shall be void.

DEFAULT. A default by either Party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

ENFORCEMENT. In the event that any party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including interest accrued on an unsatisfied Funding Obligation, reasonable fees and costs incurred by the District incident to the collection of the Funding Obligation or for enforcement of the Lien, or reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the formal Parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns.

CHOICE OF LAW. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

ARM’S LENGTH. This Agreement has been negotiated fully among the Parties as an arm's length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any Party.

[SIGNATURES ON NEXT PAGE]

IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written above.

Attest:	Darby Community
Development District

Secretary/Assistant Secretary	By: 	
Its: 	

Plummer JV, LLC,
a Florida limited liability company

Witness	By: 	
Its: 	

EXHIBIT A:	FY 2025 Budget

SIXTH ORDER OF BUSINESS

The undersigned, an Authorized Officer of Darby Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, Fort Lauderdale, Florida, as trustee (the “Trustee”), dated as of February 1, 2024 (the “Master Indenture”), as amended and supplemented by the First Supplemental Trust Indenture between the District and the Trustee, dated as of February 1, 2024 (the Master Indenture as amended and supplemented is hereinafter referred to as the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 2

Name of Payee: Kutak Rock LLP First National Bank of Omaha ABA Routing #104000016
Account #24690470

Amount Payable: $13,997.25

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable): Payment for legal fees related to bond validation and acquisition of capital improvements.
Fund, Account and/or subaccount from which disbursement is to be made:

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2024A General Subaccount in the Series 2024A Acquisition and Construction Account, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Series 2024 Project and each represents a Cost of the Series 2024 Project, and has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested are on file with the District.
DARBY COMMUNITY DEVELOPMENT DISTRICT

��	
Authorized Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY
If this requisition is for a disbursement from other than the Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2024 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Series 2024 Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer attached as an Exhibit to the First Supplemental Indenture, as such report shall have been amended or modified on the date hereof.
c.4�

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

October 4, 2023

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3292729 Client Matter No. 43923-4
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver DarbyCDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3292729
43923-4

Re:	Bond Validation
For Professional Legal Services Rendered

07/27/23	W. Haber	0.40	144.00	Confer	with	Jusevitch
preparation of complaint	regarding	
07/28/23	W. Haber	0.80	288.00	Review	and	revise	validation	
07/31/23	W. Haber	0.90	324.00	complaint
Review,	revise,	and	file	bond	

07/31/23	K. Jusevitch	2.20	374.00

validation complaint; confer with Blevins regarding status
Finalize and file bond validation complaint; prepare pleadings and correspond with assistant state attorney

08/02/23	W. Haber	0.80	288.00	Review	assistant	state	attorney's
answer to complaint	
08/02/23	K. Jusevitch	1.40	238.00	Research  judicial  assignment  and	
	prepare pleadings; correspond with	
	assistant  state  attorney  and  confer	
	with Haber	

KUTAK ROCK LLP
Darby CDD October 4, 2023
Client Matter No. 43923-4 Invoice No. 3292729
Page 2

08/03/23

K. Jusevitch

0.80	136.00

Correspond with assistant state attorney regarding hearing scheduling

08/07/23	W. Haber	0.40	144.00	Review	correspondence  regarding	
				hearing date; confer with Jusevitch regarding same	
08/07/23	K. Jusevitch	0.70	119.00	Confer with Haber and correspond with  assistant  state  attorney  and	
				judicial assistance regarding hearing	
08/09/23	W. Haber	0.70	252.00	dates
Confer	with	Jusevitch	regarding	
				validation	hearing	and	prepare	

08/09/23

08/11/23

08/14/23

08/16/23

08/17/23

K. Jusevitch

K. Jusevitch

K. Jusevitch

K. Jusevitch

K. Jusevitch

0.60	102.00

1.20	204.00

0.80	136.00

0.20	34.00

0.90	153.00

sample testimony
Correspond with judicial assistant regarding hearing; update notice and order to show cause and correspond with assistant state attorney; confer with Haber regarding hearing date Correspond	with	assistant		state attorney regarding notice and order to	show		cause;	prepare correspondence to judge
Correspond	with	assistant	state
attorney and judicial assistant regarding notice and order to show cause; correspond with newspaper regarding publication of notice; confer with Haber
Correspond with newspaper regarding publication of hearing notice
Correspond with trustee and district manager regarding hearing exhibits; prepare joint stipulation and correspond    with    newspaper

	regarding  publication  of	hearing
notice	
08/18/23	K. Jusevitch	0.20	34.00	Correspond  with  district  manager	
08/21/23	W. Haber	
1.20	
432.00	regarding hearing exhibits
Review and revise memorandum of	
				law, joint stipulation, and proposed	
				judgement	

KUTAK ROCK LLP
Darby CDD October 4, 2023
Client Matter No. 43923-4 Invoice No. 3292729
Page 3

08/21/23	K. Jusevitch

1.50	255.00

Prepare pleadings and confer with Haber; correspond with judicial assistant and district manager regarding hearing exhibits; hearing preparation

08/22/23	K. Jusevitch	0.20	34.00	Correspond	with	court	reporter
				regarding hearing	
08/23/23	K. Jusevitch	1.00	170.00	Prepare hearing outline; confer with	
				Haber	
08/24/23	K. Jusevitch	0.20	34.00	Confirm publication of notice and	

08/25/23	K. Jusevitch	0.20	34.00	order to show cause
Correspond	with	newspaper	

08/28/23	K. Jusevitch	0.30	51.00

regarding affidavit of publication Correspond with district manager and	trustee	regarding	hearing

	exhibits	
08/29/23	K. Jusevitch	0.30	51.00	Update joint stipulation	
08/31/23	W. Haber	0.80	288.00	Review and revise various pleadings;
confer with Jusevitch regarding same	
08/31/23	K. Jusevitch	2.20	374.00	Correspond  with district manager;	
				finalize	joint	stipulation;	file	
prehearing memorandum and confer with Haber
TOTAL HOURS	20.90

TOTAL FOR SERVICES RENDERED DISBURSEMENTS

$4,693.00

Filing and Court Fees Reproduction

415.04
488.00		Purpose: Publication of hearing notice

TOTAL DISBURSEMENTS TOTALCURRENTAMOUNTDUE

903.04
�	

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

December 6, 2023

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA # I 04000016
First National Bank of Omaha
Kutak Rock LLP
AIC # 24690470
Reference: Invoice No. 3323212 Client Matter No. 43923-4
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver DarbyCDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	·"'-Invoke No�3323212
43923-4

Re:	Bond Validation
For Professional Legal Services Rendered

09/05/23

W. Haber

0.60

216.00

Review and respond to inquiry from assistant state attorney regarding pleadings

09/05/23	K. Jusevitch	3.40	578.00	Finalize	and	joint	stipulation;
correspond	with	assistant	state	
				attorney and judge; update hearing	

09/07/23	W. Haber	0.80	288.00	outline
Review pleading  and prepare  for	
09/08/23	W. Haber	0.90	324.00	hearing
Prepare  for  hearing;  confer  with	
				witnesses	
09/08/23	K. Jusevitch	1.20	204.00	Hearing  preparation;	confer  with
Haber	
09/11/23	W. Haber	0.80	288.00	Prepare	for	and	participate	m
validation	hearing;	follow	up	
				regarding notice of appeal	
10/12/23	K. Jusevitch	0.20	34.00	Correspond	with court regarding certificate of no appeal	
10/23/23	K. Jusevitch	0.30	51.00	Correspond	with  court  regarding	
				certificate of no appeal	

KUTAK ROCK LLP
Darby CDD December 6, 2023
Client Matter No. 43923-4 Invoice No. 3323212
Page 2
TOTAL HOURS	8.20

TOTAL FOR SERVICES RENDERED DISBURSEMENTS

$1,983.00

Freight and Postage Reproduction Costs Miscellaneous

TOTAL DISBURSEMENTS

TOTAL CURRENT AMOUNT DUE UNPAID INVOICES:

25.01
85.20
280.00

VENDOR: HUSEBY GLOBAL LITIGATION;	INVOICE#: 90022167; DATE: 9/18/2023  -
Transcript of Hearing Held on September 11, 2023

�	

Q2,37�

October 4, 2023 TOTAL DUE

Invoice No. 3292729	5,596.04
$7,969.25

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

October 4, 2023

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3292728 Client Matter No. 43923-2

OCT O 4 2023

Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver DarbyCDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place St. Augustine, FL 32092

Invoice No. 3292728
43923-2

Re:	Project Construction
For Professional Legal Services Rendered

06/28/23

07/07/23

W. Haber

W. Haber

0.20

1.10

70.00

396.00

Confer with Magee regarding assignment documents
Review and revise contract assignment documents; prepare correspondence to Blevins regarding same

07/12/23

W. Haber

0.80	288.00

Confer with Blevins regarding acquisition of improvements and contract assignment

07/17/23
07/18/23

08/04/23

K. Jusevitch
W. Haber

W. Haber

2.00

0.40

0.40

340.00
144.00

144.00

Prepare	acquisition	documents; confer with Haber
Review and revise documents for acquisition of offsite improvements
Review and revise documents for off-site acquisition

08/07/23

w. Haber	0.90	324.00

Review and revise documents for acquisition of off site improvements; confer with Blevins regarding same

KUTAK ROCK LLP
Darby COD October 4, 2023
Client Matter No. 43923-2 Invoice No. 3292728
Page 2

08/07/23	K. Jusevitch	0.20	34.00

08/08/23	W. Haber	0.30	108.00

08/25/23	W. Haber	0.30	108.00
08/28/23	W. Haber	0.30	108.00

08/29/23	W. Haber	0.70	252.00

Confer with Haber regarding acquisition documents
Review and respond to correspondence from Blevins regarding acquisition process
Review documents for JEA conveyance
Review documents for offsite conveyance
Review JEA turnover documents; participate in call with engineer and Blevins regarding same

TOTAL HOURS	7.60

TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE

$2,316.00
$2,316.00

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

January 8, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3338766 Client Matter No. 43923-2
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver DarbyCDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3338766
43923-2

Re:	Project Construction
For Professional Legal Services Rendered

09/05/23	W. Haber	0.30	108.00	Review	and	respond	to	
				correspondence regarding acquisition	
				of offsite improvements	
09/06/23	W. Haber	0.60	216.00	Confer with Blevins regarding City
ownership and maintenance of roads	
				and acquisition of offsite utilities;	
				review plat for roadways conveyance	
09/14/23	W. Haber	0.30	108.00	Review bills of sale and affidavits for	conveyance	of	offsite	

10/04/23

10/05/23

W. Haber	0.30	108.00

W. Haber	0.40	144.00

improvements
Review	 and			respond			 to correspondence	regarding	utility turnover and acquisition agreement Review	and			 respond			to correspondence		regarding		plat dedications

10/06/23
10/17/23

W. Haber
W. Haber

0.30
0.40

108.00
144.00

Confer with Blevins regarding JEA
plat language
Review and respond	to mqmry regarding on-site acquisition

KUTAK ROCK LLP
Darby CDD January 8, 2024
Client Matter No. 43923-2 Invoice No. 3338766
Page 2

10/20/23

W. Haber	0.40	144.00

Review and respond correspondence regarding dedication language

to plat

10/30/23

W. Haber

0.60

216.00

Confer with Blevins regarding acquisition	documents	for acquisition of offsite improvements; confer with Blevins regarding plat language

11/10/23

W. Haber

0.30

108.00

Review	and correspondence utilities

respond		to regarding	offsite

TOTAL HOURS	3.90

TOTAL FOR SERVICES RENDERED	$1,404.00	
TOTAL CURRENT AMOUNT DUE	$1,404.00	
UNPAID INVOICES:		
October 4, 2023	Invoice No. 3292728	2,316.00	
TOTAL DUE	$3,720.00	

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

February 6, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3351321 Client Matter No. 43923-2
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver DarbyCDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3351321
43923-2

Re:	Project Construction
For Professional Legal Services Rendered

12/06/23	W. Haber	0.20	72.00	Confer with Blevins regarding site	
12/13/23	W. Haber	0.80	288.00	improvement acquisition
Confer with Blevins regarding earth	
work acquisition; begin prepanng documents for same

TOTAL HOURS	1.00

TOTAL FOR SERVICES RENDERED	$360.00	
TOTAL CURRENT AMOUNT DUE	$360.00	
UNPAID INVOICES:		
October 4, 2023	Invoice No. 3292728	2,316.00	
January 8, 2024	Invoice No. 3338766	1,404.00	
TOTAL DUE	$4,080.00	

K U T A K  R O C K  L L P
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

March 13, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3366010 Client Matter No. 43923-2
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver Darby CDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3366010
43923-2

Re:	Project Construction
For Professional Legal Services Rendered

01/10/24	W. Haber	0.50	180.00	Review	earth	work	acquisition
documents
01/11/24	W. Haber	0.20	72.00	Review and revise documents for
earthwork acquisition
01/11/24	K. Jusevitch	1.10	187.00	Prepare	acquisition	documents;
confer with Haber
01/12/24	W. Haber	0.60	216.00	Review	and	revise	acquisition
package for earth work; confer with Blevins regarding same
01/17/24	W. Haber	0.80	288.00	Review	and	revise	acquisition
documents	for	earthwork;	confer with Blevins regarding same
01/17/24	K. Jusevitch	1.40	238.00	Confer	with	Haber;	update
acquisition package
01/23/24	W. Haber	0.40	144.00	Review  documents  for  earthwork
acquisition
01/23/24	K. Jusevitch	0.30	51.00	Confer	with	Haber	regarding
acquisition documents

KUTAK ROCK LLP
Darby CDD
March 13, 2024
Client Matter No. 43923-2 Invoice No. 3366010
Page 2

01/24/24    W. Haber	0.50	180.00	Confer  with  Blevins  regarding
acquisition documents for offsite utilities and earthwork; confer with Zare regarding status of same
01/25/24    W. Haber	0.30	108.00	Confer  with  Blevins  regarding
acquisition documents
01/26/24    W. Haber	0.20	72.00	Review  and  revise  acquisition
	documents	
01/26/24	K. Jusevitch	0.40	68.00	Update acquisition documents and	
				confer with Haber	
01/31/24	W. Haber	0.40	144.00	Review	acquisition	packages	for	
				earthwork and offsite improvements	

TOTAL HOURS	7.10

TOTAL FOR SERVICES RENDERED	$1,948.00	
TOTAL CURRENT AMOUNT DUE	$1,948.00	
UNPAID INVOICES:		
October 4, 2023	Invoice No. 3292728	2,316.00	
January 8, 2024	Invoice No. 3338766	1,404.00	
February 6, 2024	Invoice No. 3351321	360.00	
TOTAL DUE	$6,028.00	

SEVENTH ORDER OF BUSINESS

C.

NOTICE OF MEETINGS DARBY
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Darby Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2025 at 10:30 a.m. at the offices of Corner Lot Development, 1000 Riverside Ave., Suite 600, Jacksonville, Florida 32204 on the second Tuesday of each month as follows or otherwise noted:

October 8, 2024
November 12, 2024
December 10, 2024
January 14, 2025
February 11, 2025
March 11, 2025
April 8, 2025
May 13, 2025
June 10, 2025
July 8, 2025
August 12, 2025
September 9, 2025

TENTH ORDER OF BUSINESS

Darby
Community Development District

Unaudited Financial Reporting
May31,2024

Table of Contents

	Balance Sheet

	General Fund

	Month to Month

	Debt Service Fund Series 2024 A-1

	Debt Service Fund Series 2024 A-2

	Capital Projects Fund

	Requisiton Summary

	Developer Contributions

	Long Term Debt Report

Darby
Community Development District Combined Balance Sheet
May 31, 2024

General
Fund

2024 A1 Debt
Service Fund

2024 A2 Debt
Service Fund

Capital Project
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account	

$	14,780	

$	

-		

$	

-		

-	

$	

14,780	
Accounts Receivable Due from Other
Due from General Fund	-
-
-			-

-			-

-	-

-		-
-
-	
Due from Developer	8,279	-	-	-	8,279	
Investments:
State Board of Administration (SBA)	

-	

-	-	-	-	
Series 2024		-	
Reserve A1	-	258,066	-	-	258,066	
Reserve A2	-	-	573,694		573,694	
Cap Interest A1	-	108,612	-	-	108,612	
Cap Interest A2
Revenue	-
-	-	298,551
-	
-	298,551
-	
Sinking	-	-	-	-	-	
Acquisiton and Construction	-	-	-	5,962,761	5,962,761	
Recreational Improvements	-	-	-	1,517,712	1,517,712	
Cost of Issuance	-	-	-	15,608	15,608	
Prepaid Expenses	-	-	-	-	-	
Deposits	-	-	-	-	-	
Total Assets	$	23,059	$	366,678	$	872,245	$	7,496,080	$	8,758,062	

Liabilities:
Accounts Payable	

$	9,329	

$	-	$	-	$	-	$	

9,329	
Due to Debt Service	-	-	-	-	-	
Total Liabilites	$	9,329	$	-	$	-	$	-	$	9,329	

Fund Balance:
Nonspendable: Prepaid Items	

$	-	

$	

-	$	

-	$	

-	$	

-	
Deposits Restricted for:
Debt Service - Series	-

-		-

366,678	-

872,245	-

-	-

1,238,923	
Capital Project - Series	-		-	-	7,496,080	7,496,080	
Unassigned	13,730	-	-	-		13,730	
Total Fund Balances	$	13,730	$	366,678	$	872,245	$	7,496,080	$	8,748,733	
							
Total Liabilities & Fund Balance	$	23,059	$	366,678	$	872,245	$	7,496,080	$	8,758,062	

Darby
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	Variance	

Revenues:

Developer Contributions	$	109,148	$	41,142	$	41,142	$	-	
Total Revenues	$	109,148	$	41,142	$	41,142	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	8,800	$	5,867	$	-	$	5,867	
FICA Expense	673	449	-	449	
Engineering	12,000	8,000	-	8,000	
Attorney	25,000	16,667	2,945	13,722	
Annual Audit	5,000	-	3,200	(3,200)	
Assessment Administration	3,200	-	-	-	
Arbitrage Rebate	-	-	-	-	
Trustee Fees	-	-	-	-	
Management Fees	36,000	24,000	24,000	-	
Dissemination Agent	-	-	1,875	(1,875)	
Information Technology	1,800	1,200	1,200	-	
Website Maintenance	1,200	800	800	-	
Telephone	500	333	47	287	
Postage & Delivery	1,500	1,000	18	982	
Insurance General Liability	5,500	5,500	5,000	500	
Printing & Binding	1,200	800	128	672	
Legal Advertising	5,000	3,333	2,669	664	
Other Current Charges	600	400	166	234	
Office Supplies	1,000	667	21	646	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	109,148	$	69,190	$	42,244	$	26,947	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(28,049)	$	(1,102)	$	(26,947)	
					
Fund Balance - Beginning	$	-		$	14,832		
					
Fund Balance - Ending	$	-		$	13,730		

Darby
Community Development District Month to Month

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

Revenues:															
Developer Contributions	$	11,142  $	3,308  $	-	$	6,535  $	-	$	11,877  $	-	$	8,279  $	-	$	-	$	-	$	-	$	41,142	
Total Revenues	$	11,142  $	3,308  $	-	$	6,535  $	-	$	11,877  $	-	$	8,279  $	-	$	-	$	-	$	-	$	41,142	

Expenditures:															
General & Administrative:															
Attorney	$	-	$	-	$	1,096  $	399  $	476  $	514  $	460  $	-	$	-	$	-	$	-	$	-	$	2,945	
Annual Audit		-	-	-	-	-	-	-	3,200	-	-	-	-	3,200	
Assessment Administration		-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate		-	-	-	-	-	-	-	-	-	-	-	-	-	
Trustee Fees		-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees		3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	-	-	-	-	24,000	
Dissemination Agent		-	-	-	-	-	625	625	625	-	-	-	-	1,875	
Information Technology		150	150	150	150	150	150	150	150	-	-	-	-	1,200	
Website Maintenance		100	100	100	100	100	100	100	100	-	-	-	-	800	
Telephone		7	-	22	-	12	-	6	-	-	-	-	-	47	
Postage & Delivery		4	-	2	1	1	10	1	1	-	-	-	-	18	
Insurance General Liability		5,000	-	-	-	-	-	-	-	-	-	-	-	5,000	
Printing & Binding		34	10	1	9	2	33	-	39	-	-	-	-	128	
Legal Advertising		735	409	1,217	80	-	76	-	153	-	-	-	-	2,669	
Other Current Charges		2	14	11	-	18	11	96	14	-	-	-	-	166	
Office Supplies		14	-	0	0	0	0	0	7	-	-	-	-	21	
Dues, Licenses & Subscriptions		175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	9,220  $	3,683  $	5,599  $	3,739  $	3,758  $	4,519  $	4,437  $	7,288  $	-  $	-  $	-  $	-  $	42,244	
															
Excess (Deficiency) of Revenues over Expenditures	$	1,922  $	(375) $	(5,599)  $	2,797  $	(3,758)  $	7,358  $	(4,437)  $	991  $	-  $	-  $	-  $	-  $	(1,102)	
															
Net Change in Fund Balance	$	1,922  $	(375) $	(5,599) $	2,797  $	(3,758) $	7,358  $	(4,437) $	991  $	-  $	-  $	-  $	-  $	(1,102)	

Darby
Community Development District Debt Service Fund Series 2024 - A1
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2024

Approved	Prorated Budget	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	Variance	

Revenues:		
Special Assessments - Tax Roll	$	-	$	-	$	-	$	-	
Interest Income	-	-	4,831	4,831	
Total Revenues	$	-	$	-	$	4,831	$	4,831	

Expenditures:					
Interest - 11/1	$	-	$	-	$	-	$	-	
Interest - 5/1	47,278	47,278	47,278	-	
Principal - 5/1	-	-	-	-	
Total Expenditures	$	47,278	$	47,278	$	47,278	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(47,278)	$	(47,278)	$	(42,447)	$	4,831	

Other Financing Sources/(Uses):					
Bond Proceeds	$	409,125	$	409,125	$	409,125	$	-	
Total Other Financing Sources/(Uses)	$	409,125	$	409,125	$	409,125	$	-	
					
Net Change in Fund Balance	$	361,847	$	361,847	$	366,678	$	4,831	
					
Fund Balance - Beginning	$	-		$	-		
					
Fund Balance - Ending	$	361,847		$	366,678		

Darby
Community Development District Debt Service Fund Series 2024-A2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2024

Approved	Prorated Budget	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	Variance	

Revenues:		
Special Assessments - Tax Roll	$	-	$	-	$	-	$	-	
Interest Income	-	-	11,704	11,704	
Total Revenues	$	-	$	-	$	11,704	$	11,704	

Expenditures:					
Interest - 11/1	$	-	$	-	$	-	$	-	
Interest - 5/1	130,675	130,675	130,675	-	
Principal - 5/1	-	-	-	-	
Total Expenditures	$	130,675	$	130,675	$	130,675	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(130,675)	$	(130,675)	$	(118,971)	$	11,704	

Other Financing Sources/(Uses):					
Bond Proceeds	$	991,215	$	991,215	$	991,215	$	-	
Total Other Financing Sources/(Uses)	$	991,215	$	991,215	$	991,215	$	-	
					
Net Change in Fund Balance	$	860,540	$	860,541	$	872,245	$	11,704	
					
Fund Balance - Beginning	$	-		$	-		
					
Fund Balance - Ending	$	860,540		$	872,245		

Darby
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2024

	2024A	
	Thru 05/31/24	

Revenues		
Interest Income	$	93,929	
Total Revenues	$	93,929	

Expenditures:		
Capital Outlay - Acquisiton and Construciton	$	4,051,669	
Cost of Issuance	263,140	
Underwriter's Discount	267,700	
Capital Outlay - Recreation Improvements	-	
Total Expenditures	$	4,582,509	
		
Excess (Deficiency) of Revenues over Expenditures	$	(4,488,580)	

Other Financing Sources/(Uses)		
Bond Proceeds	$	11,984,660	
Total Other Financing Sources (Uses)	$	11,984,660	
		
Net Change in Fund Balance	$	7,496,080	

Fund Balance - Ending	$	7,496,080

Fund Balance - Beginning	$	-

Darby
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Revenue Bonds, Series 2024

Date Paid  REQ #	Contractor	Description	Requisition

Fiscal Year 2024
2/20/24	1	Plummer JV LLC		Earthwork and Offsite Improvements	$	4,051,668.56	
6/20/24	2	Kutak Rock		Payment for legal fees related to bond validation and acquisition of capital improvements.	13,997.25	
			TOTAL		$	4,065,665.81	
	
Project (Construction) Fund at 2/29/24	
$	9,938,469.46	
	Interest Earned and Transfer thru 05/31/24	75,959.70	
	Outstanding Requistions	13,997.25	
	Requisitons Paid thru 05/31/24	(4,065,665.81)	

5,962,760.60

$

Remaining Project (Construction) Fund

Darby Community Development District Developer Contributions/Due from Developer

Funding
Request #	Date Prepared	Date
Payment Received	Check Amount	Total
Funding Request FY23	Total
Funding Request FY24	Over and
(short) Balance Due	

1	
6/19/23	
9/6/23	
$	20,250.00	$	20,250.00	$	-	
$	-	
2	8/22/23	11/22/23	$	4,471.00	$	4,471.00	$	-	$	-	
3	9/25/23	11/22/23	$	11,947.78	$	6,947.78	$	5,000.00	$	-	
4	10/5/23	11/22/23	$	6,866.65	$	724.63	$	6,142.02	$	-	
5	11/28/23	1/31/24	$	3,308.04	$	-	$	3,308.04	$	-	
6	1/25/24	3/6/24	$	7,546.36	$	1,011.00	$	6,535.36	$	-	
7	3/31/24	5/20/24	$	11,877.27	$	-	$	11,877.27	$	-	
8	5/7/24		$	-	$	-	$	8,278.93	$	8,278.93	
9	7/15/24		$	-	$	-	$	8,841.43	$	8,841.43	
$	-	$	-	$	-	$	-	
$	-	$	-	$	-	$	-	
$	-	$	-	$	-	$	-	
Due from Developer	$	66,267.10	$	33,404.41	$	49,983.05	$	17,120.36	
					
Total Developer Contributions FY24			$	49,983.05		

Darby
Community Development District Long Term Debt Report

	Series 2024 A-1, Special Assessment Revenue Bonds		
Original Issue Amount:	$3,620,000		
Interest Rate:	4.8% - 6.0%		
Maturity Date:	5/1/2054		
Reserve Fund Definition	Max Annual Debt Service		
Reserve Fund Requirement	$258,066		
Reserve Fund Balance	258,066		
Bonds Outstanding: 2/9/24		$3,620,000	
Current Bonds Outstanding	$3,620,000	

	Series 2024 A-2, Special Assessment Revenue Bonds		
Original Issue Amount:	$9,765,000		
Interest Rate:	5.88%		
Maturity Date:	5/1/2035		
Reserve Fund Definition	Max Annual Debt Service		
Reserve Fund Requirement	$573,694		
Reserve Fund Balance	573,694		
Bonds Outstanding: 2/9/24		$9,765,000	
Current Bonds Outstanding	$9,765,000	

ELEVENTH ORDER OF BUSINESS

Darby
Community Development District	FY 24 Funding Request #9
July 15, 2024

PAYEE	GENERAL FUND

FY24

GMS, LLC
Inv# 13 - Management fees June 2024

$	3,969.41

Inv# 14 - Management fees July 2024	3,898.02

Kutak Rock LLP
Inv #3397640 General Counsel March 2024	514.00
Inv #3421532 General Counsel April 2024	460.00

Total Funding Request	$	8,841.43

Please make check payable to:

Darby Community Development District
475 West Town Place Ste 114 St Augustine FL 32092

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Darby COD
475 West Town Place Suite 114
St. Augustine, FL 32092

Invoice #: 13
Invoice Date: 6/1/24
Due Date: 6/1/24
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - June 2024 Website Administration - June 2024 Information Technology - June 2024
Dissemination Agent Services - June 2024 Office Supplies
Postage Copies Telephone		3,000.00
100.00
150.00
625.00
0.09
1.92
79.50
12.90	3,000.00
100.00
150.00
625.00
0.09
1.92
79.50
12.90	

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Darby CDD
475 West Town Place
Suite 114
St. Augustine, FL 32092

Invoice #: 14
Invoice Date: 7/1/24
Due Date: 7/1/24
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - July 2024 Website Administration - July 2024 Information Technology - July 2024
Dissemination Agent Services - July 2024 Postage
Telephone		3,000.00
100.00
150.00
625.00
7.59
15.43	3,000.00
100.00
150.00
625.00
7.59
15.43	

K U T A K  R O C K  L L P
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

May 31, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3397640 Client Matter No. 43923-1
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver Darby CDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3397640
43923-1

Re:	General Counsel
For Professional Legal Services Rendered

03/05/24	K. Jusevitch	0.60	102.00	Finalize ratification resolution and	
				disclosure; confer with Haber	
03/08/24	W. Haber	0.30	108.00	Review correspondence and form of	
				interlocal agreement with property	
				appraiser	
03/11/24	K. Jusevitch	0.50	85.00	Review tax collector agreement and	
				confer with Haber	
03/12/24	W. Haber	0.40	144.00	Review uniform method collection	
				agreement and confer with Sweeting	
				regarding same	
03/16/24	G. Lovett	0.30	75.00	Monitor legislative process relating	
				to matters impacting special districts	

TOTAL HOURS	2.10
TOTAL FOR SERVICES RENDERED	$514.00
TOTAL CURRENT AMOUNT DUE	$514.00

K U T A K  R O C K  L L P
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

July 8, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3421532 Client Matter No. 43923-1
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver Darby CDD
C/O Governmental Management Services, LLC Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3421532
43923-1

Re:	General Counsel
For Professional Legal Services Rendered

04/06/24	R. Dugan	0.10	28.00	Prepare  Fiscal  Year  2025  budget	
				documents	
04/09/24	W. Haber	0.40	144.00	Prepare for and participate in Board	
				meeting	
04/19/24	W. Haber	0.20	72.00	Respond to auditor inquiry	
04/30/24	W. Haber	0.60	216.00	Participate	in	conference	call	to	
				discuss	status;	review	audit	and	
				confer	with	Peregrino	regarding	
				same	

TOTAL HOURS	1.30

KUTAK ROCK LLP
Darby CDD July 8, 2024
Client Matter No. 43923-1 Invoice No. 3421532
Page 2		
TOTAL FOR SERVICES RENDERED	$460.00	
TOTAL CURRENT AMOUNT DUE	$460.00	
UNPAID INVOICES:		
April 23, 2024	Invoice No. 3381618	475.50	
May 31, 2024	Invoice No. 3397640	514.00	
TOTAL DUE	$1,449.50