DARBY
Community Development District OCTOBER 14, 2025

Darby Community Development District
475 West Town Place
Suite 114 St. Augustine, Florida 32092
1-877-304-9269 Code: 6259765
October 7, 2025 Board of Supervisors
Darby Community Development District Dear Board Members:
The Meeting of the Darby Community Development District will be held Tuesday, October 14, 2025, 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 September 9, 2025 Meeting

Consideration of Proposal from Core Outdoors for Landscape Enhancements at Entry Signage

Consideration of Service Agreement with Core Outdoors for Quarterly Rotation of Annuals

Staff Reports
Attorney

Engineer

Manager – Review of Fiscal Year 2025 Goals & Objectives

Supervisors Requests

Audience Comments

Financial Statements as of August 31, 2025

Check Register

Next Scheduled Meeting – January 13, 2026 @ 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, September 9, 2025 at 10:30 a.m. at the offices of Corner Lot Development, 1000 Riverside Avenue, Suite 600, Jacksonville, Florida

Present and constituting a quorum were:
George Leone	Chairman
Shannon Acevedo	Vice Chair
Andre Green	Supervisor
Matt Allen	Supervisor
Justin Holmes	Supervisor
Also present were:
Daniel Laughlin	District Manger
Wes Haber	District Counsel by telephone
Justin Williams	Engineer, Connelly & Wicker by telephone
Jeremy Wannamaker	Corner Lot Development
Alison Mossing	GMS

Following is a summary of the actions taken at the September 9, 2025 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 July 29, 2025
Meeting

On MOTION by Mr. Leone seconded by Mr. Allen with all in favor the minutes of the July 29, 2025 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration of Audit Engagement Letter
with Grau & Associates

September 9, 2025	Darby Community Development District

On MOTION by Mr. Green seconded by Mr. Leone with all in favor the engagement letter with Grau & Associates to perform the fiscal year 2025 audit was approved.

FIFTH ORDER OF BUSINESS	Consideration of Proposals
Lake Maintenance Proposals
This item tabled.

Operations Management Proposal
Mr. Laughlin stated the proposal from GMS is for two days a week facility management and one day a week for field operations management. This will help with oversight of landscaping and lake management when that comes online and facility management will be onsite two days a week and handle access card administration and things like that.
Ms. Mossing stated facility management is inside the amenity and field operations is outside the amenity, lakes and landscape. We also have a full maintenance staff program so we can handle any repair needed unless you need a permit or a license to do it. We also have pressure washing rigs so we can handle any pressure washing needs. Once you get the access cards going and have people at the pool, we ae here to enforce the rules and help the residents.

On MOTION by Mr. Leone seconded by Mr. Allen with all in favor the agreement with GMS for field operations management one day per week and facility management two days a week in the mount of
$22,000 was approved to be effective when the amenity center opens.

SIXTH ORDER OF BUSINESS	Ratification	of	Acceptance	of	Deed	for
Common Areas

On MOTION by Mr. Leone seconded by Mr. Green with all in favor acceptance of the deeds for the common areas was ratified.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

September 9, 2025	Darby Community Development District

Engineer
There being none, the next item followed.

Manager
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

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

TENTH ORDER OF BUSINESS	Financial Statements as of July 31, 2025
A copy of the financials was included in the agenda package.

ELEVENTH ORDER OF BUSINESS	Check Register

On MOTION by Mr. Green seconded by Mr. Leone with all in favor the check register was approved.

TWELFTH ORDER OF BUSINESS	Next Meeting Scheduled – October 14, 2025 at
10:30 a.m.
Mr. Laughlin stated the next meeting is scheduled for October 14, 2025 at 10:30 a.m. in the same location.

On MOTION by Mr. Leone seconded by Mr. Allen with all in favor the meeting adjourned at 10:48 a.m.

September 9, 2025	Darby Community Development District

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS

134 Poole Blvd, St. Augustine 32095
(904) 292-9100
cpollock@workwithcore.com

Estimate

Project	
Kings preserve	
Date	Estimate #	
9/29/2025	KP002	

Darby CDD
10932 Darbywood Trail, Jax Fl 32219

Name/Address

Pricing valid for 30 days

Material	Size	Qty.	Rate	Extended
Rate	
Site Prep				$ 100.00	
Arboricola	3g	30	$	18.00	$ 540.00	
Blue Daze	3G	30	$	30.00	$ 900.00	
Annuals	flat	6	$	44.00	$ 264.00	
irrigation modification for Annuals				$ 500.00	
potting soil				$	75.00	
Sod	ft²				
					
Pine Bark Mini Nuggets	3ft³ Bag	25	$	9.00	$ 225.00	

					
					
Equipment					
Freight					

	
$2,604.00	

10060 Skinner Lake Drive, Suite 500 Jacksonville, Florida 32246
(904) 256-3030 FAX: (904) 265-3031 www,cwieng.com
Florida Registry 3650 L.A. Number: LC26000311

SOD ALL DISTURBED AREAS IN R.O.W. AND THROUGHOUT PROJECT WITH SPECIFIED GRASS
1
HB

7

0 LIVE OAK
6 SHADE
0 PALM
6 TOTAL INCHES

6

5
0 LIVE OAK
4 SHADE
0 PALM

HB

0 LIVE OAK
4 SHADE
4	0 PALM

2

2" PVC SLEEVE

0 LIVE OAK
6 SHADE

4 TOTAL INCHES

0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

4 TOTAL INCHES

3	HB

2

0 LIVE OAK
4 SHADE
0 PALM

5439
21.67
METAL POST

SUBDIVISION SIGN (APPROX. 1X12), BY
OWNER, 10' MINIMUM SETBACK FROM R.O.W.

4

3" IRRIGATION METER VERIFY LOCATION

0 PALM
6 TOTAL INCHES

8
0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

9

0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

11

0 LIVE OAK
4 SHADE
0 PALM
4 TOTAL INCHES

4 TOTAL INCHES

1

0 LIVE OAK
6 SHADE
0 PALM
6 TOTAL INCHES

HB

5464
21.46
AT&T RISER

BACKFLOW DEVICE

10
12

HB

HB
1" IRRIGATION LINE, TYP.

LANDSCAPE PLAN

HOSE BIBB, TYP.

HB
HB
HB	HB

PLUMMER DARBY
SUBDIVISION
JACKSONVILLE, FLORIDA

CLDG

126
11.08
FOMK

21-01-0046

ABP	ABP

Printed:

Printed By:

R

Know what'sbelow.
Call before you dig.

JEW	RCW

JULY2024
1" = 50'

L1

Corner Lot Development Group Kings Preserve
Entry Monument Plantings

Date 09/30/2025

Scale

Plant Schedule	
Symbol	Qty.	Size	Botanical Name	Common Name	
	30	3-gallon	Evolvulus glomeratus	Blue Daze	
					
	30	3-gallon	Heptapleurum arboricola	Arboricola	
					
	6	flat		Annuals	

*Trees will have bubblers to supply water equivalent to 2" weekly rainfall.
*Turf and shrub zones will be separate from each other.
*100% irrigation coverage will be provided.

Irrigation Specifications

FIFTH ORDER OF BUSINESS

Core Outdoors
134 Poole Blvd Saint Augustine, FL
Date: September 29th, 2025
To:
Darby CDD
10932 Darbywood Trail Jacksonville, FL
Services Rendered – Quarterly Service
This letter serves as conﬁrmation of services rendered by Core Outdoors for the quarterly replacement of Annuals for the Entrance Monument at King’s Preserve.
Scope of Work Completed:
Seasonal Replacement of Annuals at Monument
Remove and discard previous materials.
Service Period:
Quarterly Service Date: 1st Week of New Quarter Total Amount Due
$315 per quarter
Please note this document serves as a formal record of work completed. If you have any questions or require additional services, do not hesitate to contact us.
We appreciate the opportunity to serve you and look forward to continuing to keep your property maintained to the highest standards.

SIXTH ORDER OF BUSINESS

C.

Darby Community Development District Performance Measures/Standards & Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of ﬁve board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections Objective: Field manager and/or district manager will conduct quarterly inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed, as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within ﬁeld management services agreement
Achieved: Yes ☐ No ☐

 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation

Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Darby Community Development District

District Manager:		Date:	 Print Name:	 
Darby Community Development District

NINTH ORDER OF BUSINESS

Darby
Community Development District

Unaudited Financial Reporting
August 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Month to Month	

5	
	Debt Service Fund Series 2024 A-1	

6	
	Debt Service Fund Series 2024 A-2	

7	
	Capital Projects Fund	

8	
	Construction Account Requisition Summary	

9	
	Rec Improvements Account Requisition Summary	

10	
	Assessment Receipts Summary	

11	
	Long Term Debt Report	

Darby
Community Development District Combined Balance Sheet
August 31, 2025

General
Fund

2024 A1 Debt
Service Fund

2024 A2 Debt
Service Fund

Capital Project
Fund

Totals
Governmental Funds

Assets:
Cash:

$	75,093
-	$	-	$
-	-	$
-	-	$
-	75,093
-	
-					-	
-		-	-	-	-	
-		-	-	-	-	
-

36,725		-	-	-	-

36,725	

Operating Account Accounts Receivable Due from Other
Due from General Fund Due from Developer Due from Debt Service Investments:
Custody Account (US Bank)

Series 2024
Reserve A1	-	258,066	-	-	258,066	
Reserve A2	-	-	380,994		380,994	
Cap Interest A1	-	-	-	-	-	
Cap Interest A2	-	-	-	
Revenue	-	127,843	-	-		127,843	
Prepayment A2	-	-	392,999	-		392,999	
Interest A1	-	63	-	-		63	
Interest A2	-	-	12,721	-		12,721	
Acquisiton and Construction	-	-	-	13,526		13,526	
Recreational Improvements	-	-	-	1,608,003		1,608,003	
Prepaid Expenses	2,328	-	-	-		2,328	
Deposits	1,220	-	-	-		1,220	
Total Assets	$	115,366	$	385,972	$	786,714	$	1,621,528	$	2,909,579	

Liabilities:							
Accounts Payable	$
Due to Debt Service	79
-	$	-
-	$	-	
-	$	-	
-	$	79
-	
Due to General Fund	-		-	-	-	-	
Total Liabilites	$	79	$	-	$	-	$	-	$	79	

Fund Balance:
Nonspendable:
Prepaid Items	$	2,328	

$	

-	$	

-	$	

-	$	

2,328	

Deposits	1,220	-	-	-	1,220	
Restricted for:			
Debt Service - Series	-	385,972	786,714	-	1,172,685	
Capital Project - Series	-	-	-	1,621,528	1,621,528	
Unassigned	111,739	-	-	-		111,739	
Total Fund Balances	$	115,287	$	385,972	$	786,714	$	1,621,528	$	2,909,500	
							
Total Liabilities & Fund Balance	$	115,366	$	385,972	$	786,714	$	1,621,528	$	2,909,579	

Darby
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2025

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

Revenues:		
Special Assessments - Direct Bill	$	219,875	$	219,875	$	181,181	$	(38,694)	
Developer Contributions	113,278	5,200	5,200	-	
Interest Income	-	-	1,074	1,074	
Other Income	-	-	-	-	
Total Revenues	$	333,153	$	225,075	$187,455	$	(37,620)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	-	$	-	$	-	
FICA Expense	918	-	-	-	
Engineering	12,000	11,000	2,552	8,448	
Attorney	25,000	22,917	4,067	18,849	
Annual Audit	3,300	3,300	5,300	(2,000)	
Assessment Administration	7,500	7,500	-	7,500	
Arbitrage Rebate	600	600	-	600	
Trustee Fees	4,600	4,600	4,781	(181)	
Management Fees	47,700	43,725	43,725	-	
Dissemination Agent	7,500	6,875	6,875	-	
Information Technology	1,908	1,749	1,749	-	
Website Maintenance	1,272	1,166	1,166	-	
Telephone	500	458	45	413	
Postage & Delivery	1,500	1,375	55	1,320	
Insurance General Liability	5,500	5,500	5,200	300	
Printing & Binding	1,200	1,100	146	954	
Legal Advertising	5,000	4,583	1,254	3,329	
Other Current Charges	1,200	1,100	249	851	
Office Supplies	1,000	917	2	915	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	140,373	$	118,640	$	77,342	$	41,298	

Operations & Maintenance:					
Landscape Maintenance	$	35,000	$	4,680	$	4,680	$	-	
Landscape Contingency	10,000	1,560	1,560	-	
Lake Maintenance	7,000	-	-	-	
Field Operations Management	12,000	-	-	-	
Repairs & Maintenance	13,000	-	-	-	
Irrigation Repairs	4,000	-	-	-	
Electric	35,000	-	-	-	
Water/Sewer/Irrigation	15,000	2,537	2,537	-	
Total Operations & Maintenance	$	131,000	$	8,777	$	8,777	$	-	

Darby
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2025

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

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	$	333,153	$	127,417	$	86,118	$	41,298	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	97,658	$	101,337	$	(78,918)	
					
Fund Balance - Beginning	$	-		$	13,950		
					
Fund Balance - Ending	$	-		$	115,287		

Darby
Community Development District Month to Month

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

Revenues:		
Special Assessments - On Roll	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Special Assessments - Direct Bill		55,754		13,021	1,796	14,368	70,651	8,755	14,817	1,122	898	181,181	
Developer Contributions	5,200	-	-	-	-	-	-	-	-	-	-	-	5,200	
Interest Income	-	-	-	-	-	-	-	181	267	354	272	-	1,074	
Total Revenues	$	5,200	$	55,754	$	-	$	13,021	$	1,796	$	14,368	$	70,651	$	8,936	$	15,084	$	1,476	$	1,170	$	-	$	187,455	

Expenditures:													
General & Administrative:													
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
FICA Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	
Engineering	230	-	-	119	908	-	1,296	-	-	-	-	-	2,552	
Attorney	250	72	432	349	-	-	720	1,671	574	-	-	-	4,067	
Annual Audit	-	-	-	-	-	-	5,300	-	-	-	-	-	5,300	
Trustee Fees	-	-	-	-	3,906	-	875	-	-	-	-	-	4,781	
Management Fees	3,975	3,975	3,975	3,975	3,975	3,975	3,975	3,975	3,975	3,975	3,975	-	43,725	
Dissemination Agent	625	625	625	625	625	625	625	625	625	625	625	-	6,875	
Information Technology	159	159	159	159	159	159	159	159	159	159	159	-	1,749	
Website Maintenance	106	106	106	106	106	106	106	106	106	106	106	-	1,166	
Telephone	-	3	18	4	5	3	2	-	6	5	-	-	45	
Postage & Delivery	1	1	1	6	-	1	3	1	5	8	30	-	55	
Insurance General Liability	5,200	-	-	-		-	-	-	-	-	-	-	5,200	
Printing & Binding	-	0	0	6	5	10	0	1	11	4	108	-	146	
Legal Advertising	-	80	-	79	79	79	-	162	569	128	79	-	1,254	
Other Current Charges	5	24	-	-	9	19	30	35	44	58	26	-	249	
Office Supplies	0	0	0	0	-	0	0	0	0	0	1	-	2	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	10,726	$	5,044	$	5,316	$	5,428	$	9,776	$	4,977	$	13,091	$	6,733	$	6,073	$	5,068	$	5,109	$	-  $	77,342	
Operations & Maintenance:													
Landscape Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	780	$	780	$	1,560	$	1,560	$	-	$	4,680	
Landscape Contingency	-	-	-	-	-	-	1,560	-	-	-	-	-	1,560	
Lake Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Field Operations Management	-	-	-	-	-	-	-	-	-	-	-	-	-	
Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation Repairs	-	-	-	-	-	-	-	-	-	-	-	-	-	
Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	
Water/Sewer/Irrigation	-	-	-	-	-	-	-	646	930	712	249	-	2,537	
Total Operations & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	1,560	$	1,426	$	1,710	$	2,272	$	1,809	$	-	$	8,777	
Amenity Maintenance							
Insurance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Facility Management	-	-	-	-	-	-	-	-	-	-	-	-	-
Pool Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-
Pool Chemicals	-	-	-	-	-	-	-	-	-	-	-	-	-
Pool Permits	-	-	-	-	-	-	-	-	-	-	-	-	-
Cable	-	-	-	-	-	-	-	-	-	-	-	-	-
Janitorial	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-
Pest Control	-	-	-	-	-	-	-	-	-	-	-	-	-
Refuse	-	-	-	-	-	-	-	-	-	-	-	-	-

Excess (Deficiency) of Revenues over Expenditures	$	(5,526)  $	50,710  $	(5,316)  $	7,593  $	(7,981)  $	9,390  $	56,000  $	776  $	7,301  $	(5,864)  $	(5,748)  $	-  $	101,337

Total Amenity Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Darby
Community Development District Debt Service Fund Series 2024 - A1
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2025

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

Revenues:		
Special Assessments - Direct Bill	$	258,137	$	202,118	$	202,118	$	-	
Interest Income	2,500	2,292	13,928	11,637	
Prepayments	-	-	(2,022)		
Total Revenues	$	260,637	$	204,410	$	214,025	$	11,637	

Expenditures:					
Interest - 11/1	$	103,781	$	103,781	$	103,781	$	-	
Interest - 5/1	103,781	103,781	103,781	-	
Principal - 5/1	50,000	50,000	50,000	-	
Total Expenditures	$	257,563	$	257,563	$	257,563	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,074	$	(53,153)	$	(43,537)	$	11,637	

Other Financing Sources/(Uses):					
Transfer In	-	-	$	67,469	67,469	
Transfer Out	-	-	(15,707)	(15,707)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	51,762	$	51,762	
					
Net Change in Fund Balance	$	3,074	$	(53,153)	$	8,224	$	63,399	
					
Fund Balance - Beginning	$	103,781		$	377,747		
					
Fund Balance - Ending	$	106,855		$	385,972		

Darby
Community Development District Debt Service Fund Series 2024-A2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2025

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

Revenues:		
Special Assessments - Tax Roll	$	573,658	$	-	$	-	$	-	
Interest Income	5,000	5,000	60,717	55,717	
Prepayments	-	-	4,071,788	4,071,788	
Total Revenues	$	578,658	$	5,000	$	4,132,506	$	4,127,506	

Expenditures:					
Interest - 11/1	$	286,847	$	286,847	$	286,847	$	-	
Special Call - 11/1	-	-	1,115,000	(1,115,000)	
Interest - 2/1	-	-	6,242	(6,242)	
Special Call - 2/1	-	-	425,000	(425,000)	
Interest - 5/1	286,847	286,847	241,609	45,237	
Special Call - 5/1	-	-	1,740,000	(1,740,000)	
Interest - 8/1	-	-	20,783	(20,783)	
Special Call - 8/1	-	-	1,415,000	(1,415,000)	
Total Expenditures	$	573,694	$	573,694	$	5,250,481	$	(4,676,788)	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,964	$	(568,694)	$	(1,117,976)	$	(549,282)	

Other Financing Sources/(Uses):					
Transfer In	$	-	$	-	$	1,271	$	1,271	
Transfer Out	-	-	(102,022)	(102,022)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(100,752)	$	(100,752)	
					
Net Change in Fund Balance	$	4,964	$	(568,694)	$	(1,218,728)	$	(650,034)	
					
Fund Balance - Beginning	$	289,847		$	2,005,441		
					
Fund Balance - Ending	$	294,811		$	786,714		

Total Revenues	$	193,154

Darby
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2025

2024A

Thru 08/31/25

Revenues

Interest Income

$

193,154

Expenditures:

Capital Outlay - Acquisiton and Construciton Cost of Issuance
Underwriter's Discount
Capital Outlay - Recreation Improvements

$

5,754,437
-
-
-

Other Financing Sources/(Uses)

Transfer In

48,990

Fund Balance - Ending	$	1,621,528

Fund Balance - Beginning	$	7,133,821

Net Change in Fund Balance	$	(5,512,293)

Total Other Financing Sources (Uses)	$	48,990

Excess (Deficiency) of Revenues over Expenditures	$	(5,561,283)

Total Expenditures	$	5,754,437

Darby
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Revenue Bonds, Series 2024
Construction Account

Date Paid	

REQ #	

Contractor	

Description	

Requisition	

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 Invoice #3292729.	
13,997.25	
8/6/24	3	Kutak Rock	Project Construction -Feb24 Invoice #3381619	1,042.00	
9/13/24	4	Plummer JV LLC	JEA Retainage	480,147.77	
10/11/24	5	Kutak Rock	Project Construction -Jul24 Invoice #3453895	1,251.00	
3/3/25	6	Plummer JV LLC	Acquisition of Ph1 Roadway, Drainage, and Utility Improvements	5,746,316.93	
8/29/25	7	Kutak Rock	Project Construction -Nov24 thru Apr25	5,668.00	
7/2/25	8	Connelly & Wicker LLC	Engineering SJRWMD permit transfer work/requisitions	1,201.25	
		TOTAL		$	10,301,292.76	
	
Project (Construction) Fund at 2/29/24	
$	9,938,469.46	
	Interest Earned and Transfer thru 08/31/25	311,487.96	
	Transfer from COI	15,870.99	
	Transfer from Debt Service	48,990.07	
	Outstanding Requistions	-	
Requisitons Paid thru 08/31/25	(10,301,292.76)

13,525.72

$

emaining Project (Construction) Fund

R

Darby
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Revenue Bonds, Series 2024
Recreational Improvements Account

Project (Construction) Fund at 2/29/24 Interest Earned and Transfer thru 08/31/25 Outstanding Requistions
Requisitons Paid thru 08/31/25

$

1,500,000.00
108,002.63
-
-

1,608,002.63

$

Remaining Project (Construction) Fund

TOTAL	$	-

Date Paid  REQ #	Contractor	Description	Requisition

DARBY COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2025 Assessments Receipts Summary

ASSESSED	# O&M UNITS ASSESSED	SERIES 2024-1 DEBT ASSESSED	SERIES 2024PH3-1 DEBT ASSESSED	FY25 O&M ASSESSED	
TOTAL ASSESSED	
LENNAR HOMES	10	9,236.40	-	4,489.90	13,726.30	
MERITAGE HOMES	27	20,504.76	-	12,122.73	32,627.49	
PLUMMER JV LLC	705	228,323.59	-	203,261.64	431,585.23	
TOTAL DIRECT INVOICES (1) (2)	742	258,064.75	-	219,874.27	477,939.02	
ASSESSED REVENUE TAX ROLL	0	-	-	-	-	
TOTAL ASSESSED	742	258,064.75	-	219,874.27	477,939.02	

DUE / RECEIVED	
BALANCE DUE	SERIES 2024-1 DEBT RECEIVED	SERIES 2024PH3-1 DEBT RECEIVED	
O&M RECEIVED	
TOTAL RECEIVED	
LENNAR HOMES	-	9,236.40	-	4,489.90	13,726.30	
MERITAGE HOMES	(633.71)	20,689.48	-	12,571.72	33,261.20	
PLUMMER JV LLC	42,864.69	200,355.71	-	188,364.83	388,720.54	
TOTAL DIRECT RECEIVED	42,230.98	230,281.59	-	205,426.45	435,708.04	
TAX ROLL DUE / RECEIVED	-	-	-	-	-	
TOTAL DUE / RECEIVED	42,230.98	230,281.59	0.00	205,426.45	435,708.04	

D/S Direct Assessments are due: 60% due 4/1/25 and 40% due 9/1/25
O&M is due 25% by 10/1/24, 1/1/25, 4/1/25, 7/1/25
Series 2024-2 and 2024PH3-2 Bonds are to be paid off at closing and are invoiced semi-annually for remaining interest due

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	
Less: Principal Payment - 5/1/25		($50,000)	
Current Bonds Outstanding	$3,570,000	

	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		380,994	
Reserve Fund Balance		380,994	
Bonds Outstanding: 2/9/24		$9,765,000	
Less: November 1, 2024 (Prepayment)		($1,115,000)	
Less: February 1, 2025 (Prepayment)		($425,000)	
Less: May 1, 2025 (Prepayment)		($1,740,000)	
Less: August 1, 2025 (Prepayment)		($1,415,000)	
Current Bonds Outstanding		$5,070,000	

TENTH ORDER OF BUSINESS

Darby
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2025
Check Register

Date	check #'s	Amount		

8/18/25	
82-84		
$8,123.76	
8/25/25	85		2,244.50	
	TOTAL		$10,368.26	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/06/25	PAGE	1
*** CHECK DATES 08/01/2025 - 08/31/2025 ***	DARBY - GENERAL FUND
BANK A DARBY - GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/18/25 00011	7/21/25 16227	202507 320-57200-46100	*	1,560.00
JUL MAINTENANCE
CORE OUTDOORS LLC	1,560.00 000082
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/18/25 00011	8/08/25 16696	202508 320-57200-46100	*	1,560.00

CORE	OUTDOORS LLC	1,560.00	000083	
- - - - - - - -	- - - - - - -	- - - - - - - - - - - - - -	- - - - - - -	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
8/18/25 00001	8/01/25 27	202508 310-51300-34000	*	3,975.00	
AUG	MANAMENT FEES	
8/01/25 27	202508 310-51300-35300	*	106.00	
AUG	WEBSITE ADMIN	
8/01/25 27	202508 310-51300-35100	*	159.00	
AUG	INFO TECH	
8/01/25 27	202508 310-51300-31300	*	625.00	
AUG	DISSEM AGENT SRVCS	
8/01/25 27	202508 310-51300-51000	*	1.08	

AUG MAINTENANCE

		

		
OFFICE SUPPLIES
8/01/25 27	202508 310-51300-42000	*	29.83
POSTAGE
8/01/25 27	202508 310-51300-42500	*	107.85
COPIES
GOVERNMENTAL MANAGEMENT SRVCS LLC	5,003.76 000084
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/28/25 00005	8/22/25 3612162	202505 310-51300-31500	*	1,670.50
MAY GENERAL COUNSEL
8/22/25 3612162A 202506 310-51300-31500	*	574.00
JUN GENERAL COUNSEL
KUTAK ROCK LLP	2,244.50 000085
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	10,368.26
TOTAL FOR REGISTER	10,368.26

DARB DARBY CDD	BPEREGRINO

Core Outdoors LLC 134 Poole Blvd
St Augustine, FL 32095	Invoice Date
07-21-2025

Draw ID
1

Customer ID CDD100
Work Order

Invoice ID
16227
Ship Date

To:

Darby COD

475 Wes!Town Place Saint Augustine, FL 32092

Job Location:

KINGS PRESERVE - MAINT 475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE, FL 32092

Job#	25-5024 PO#

1	JULY MONTHLY MAINTENANCE	1.00	Is	1,560.00	1,560.00

Amount Billed	$1,560.00

Core Outdoors LLC 134 Poole Blvd
St Augustine, FL  32095	Invoice Date
08-08-2025

Draw ID
2

Customer ID
CDD100
Work Order

Invoice ID
16696
Ship Date

To:

Darby COD
475 West Town Place Saint Augustine, FL 32092

Job Location:

KINGS PRESERVE - MAINT 475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE, FL 32092

Job#	25-5024 PO#

1	AUGUST MONTHLY MAINTENANCE	1.00	LS	1,560.00	1,560.00

Amount Billed	$1,560.00

Governmental Management Services, llC	Invoice
475 West Town Place, Suite 114
St. Augustine, FL 32092

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

Description	Hours/Qty

Invoice#: 27 Invoice Date: 8/1/25
Due Date: 8/1/25 Case:
P.O. Number:

Rate	Amount

Management Fees - August 2025 Website Administration - August 2025 Information Technology -August 2025
Dissemination Agent Services - August 2025 Office Supplies
Postage Copies		3,975.00
106.00
159.00
625.00
1.08
29.83
107.85	3,975.00
106.00
159.00
625.00
1.08
29.83
107.85	

Total	$5,003.76	
Payments/Credits	$0.00	
Balance Due	$5,003.76	

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

Federal ID 47-0597598

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

August 22, 2025

Reference: Invoice No. 3612162 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. 3612162
43923-1

Re:	General Counsel
For Professional Legal Services Rendered

05/01/25

05/02/25	W. Haber

W. Haber	0.60	216.00
144.00	Review and revise release document for conservation easement
Finalize	release	for	conservation	
				parcel; confer with Holmes regarding	

05/04/25	
G. Lovett	
0.30	
79.50	same
Monitor legislative process relating	
05/06/25	W. Haber	0.20	72.00	to matters impacting special districts Confer	with	Laughlin	regarding	
				release for  conservation  easement	
				property	
05/09/25	W. Haber	0.30	108.00	Confer	with	Laughlin	regarding
landscape maintenance agreement	
05/12/25	W. Haber	0.50	180.00	Prepare for Board meeting; confer
with Laughlin regarding budget	
05/12/25	K. Jusevitch	0.20	34.00	Review	agenda	regarding	budget
hearing documents	
05/13/25	W. Haber		144.00	Prepare for and participate in Board
meeting	
05/13/25	W. Haber	0.30	108.00	Review and finalize agreement for
landscape maintenance	

KUTAK ROCK LLP
Darby CDD August 22, 2025
Client Matter No. 43923-1 Invoice No. 3612162
Page 2

05/16/25	K. Jusevitch	0.20	34.00	Correspond  with  district  manager	
				regarding budget hearing	
05/19/25	K. Jusevitch	0.20	34.00	Confer with Haber regarding budget	
				hearing	
05/22/25	K. Jusevitch	0.50	85.00	Prepare budget hearing notices and	
				confer with Haber	
05/23/25	W. Haber	0.40	144.00	Review	and	respond	to	inquiry	
				regarding	permit	assignment	and	
				deed for related parcels	
05/27/25	W. Haber	0.50	180.00	Review	and	respond	to	inquiry	
				regarding	permit	assignment	and	
				conveyance of related parcels	
05/28/25	W.Haber	0.30	108.00	Confer	with	Leaptrott	regarding permit	 assignment	and		related
property conveyance	
06/02/25	W. Haber	0.50	180.00	Review and revise budget and O&M	
				assessment notices	
06/02/25	K. Jusevitch	0.20	34.00	Research status of budget hearing	
06/05/25	W. Haber	0.20	72.00	Respond to inquiry regarding deed	
06/20/25	W. Haber	0.80	288.00	Prepare deed for CDD real property	
				parcels	and	correspondence	
				regarding same	

TOTAL HOURS	7.00

TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE

$2,244.50

$2,244.50