Cypress Ridge Community Development District

Meeting Agenda March 12, 2026

-.  ·-�-

Cypress Ridge
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
March 5, 2026

Board of Supervisors Meeting
Cypress Ridge Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the Cypress Ridge Community Development District will be held Thursday, March 12, 2026 at 1:45 PM at the Hampton Inn Plant City, 2702 Thonotosassa Rd, Plant City, FL 33563.

Zoom Video Link: https://us06web.zoom.us/j/83604840036
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 836 0484 0036

Following is the advance agenda for the meeting:

Board of Supervisors Meeting
Roll Call
Public Comment Period (Public Comments will be limited to three (3) minutes each)
Organizational Matters
Swearing in Elected Supervisor Garret Parkinson (Seat #4) (Elected at November 19, 2025 Landowners’ Election)
Approval of Minutes of the December 11, 2025 Board of Supervisors Meeting
Consideration of Conveyance Documents for Phase 1 Common Area Tracts
Consideration of Acquisition of Amenity Center Document Package
Presentation of Amended Amenity Policy Verbiage Regarding Access Cards & Mobile App Use
Consideration of Proposals from Nation Security for Patrol Services (provided to Board of Supervisors under separate cover for confidentiality purposes)
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES

MINUTES OF MEETING CYPRESS RIDGE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cypress Ridge Community Development District was held Thursday, December 11, 2025 at 1:52 p.m. at the Hampton Inn Plant City, 2702 Thonotosassa Rd, Plant City, Florida.

Present and constituting a quorum:

Milton Andrade	Chairman
Brian Walsh	Assistant Secretary
Kareyann Ellison	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Patrick Collins	District Counsel, Kilinski Van Wyk
Clayton Smith	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 1:52 p.m. and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that there were no members of the public present at the meeting, and none joining by Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members after November 19, 2025 Landowners’ Election – Kareyann Ellison (Seat #1) & Garret Parkinson (Seat #4)(Brian Walsh (Seat #2) was sworn in prior to the meeting)
Ms. Burns stated that Mr. Walsh had previously mailed his in and that Mr. Parkinson was absent. She stated that she would swear in Ms. Ellison. Ms. Burns administered the oath of office to Ms. Ellison.

December 11, 2025	Cypress Ridge CDD

Consideration of Resolution 2026-03 Canvassing and Certifying the Results of the Landowners’ Election
Ms. Burns reviewed the results of the landowner election held in November 2025 and noted that staff were available to answer any questions.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2026-03 Canvassing and Certifying the Results of the Landowners’ Election, was approved.

Election of Officers
Ms. Burns stated that, since they have a landowner selection, they would proceed to re-elect officers.

Consideration of Resolution 2026-04 Electing Officers
Ms. Burns stated that three Supervisors and Mr. George Flint with GMS’s office were Assistant Secretaries. Ms. Burns was serving as the Secretary. Board consensus was to keep the Supervisor positions the same.

On MOTION by Mr. Andrade, seconded by Ms. Ellison, with all in favor, Resolution 2026-04 Electing Officers as slated above, was approved.

Consideration of Resolution 2026-05 Extending Board Seat Terms to Coincide with Election Years
Ms. Burns stated that Resolution 2026-05 extended the terms of specific Board seats to align with even year general elections. Ms. Burns explained that the affected seats currently expire in odd numbered years, and the adjustment was made to ensure the District is aligned adequately as it transitions to the standard election process.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2026-05 Extending Board Seat Terms to Coincide with Election Years, was approved.

December 11, 2025	Cypress Ridge CDD

FOURTH ORDER OF BUSINESS	Approval of Minutes of October 15, 2025
Board of Supervisors Meeting and November 19, 2025 Landowners’ Meeting
Ms. Burns presented the minutes from the October 15, 2025 Board of Supervisors meeting and the November 19, 2025 Landowners’ meeting. She asked for any comments, corrections, or questions. There being no changes, she asked the Board for a motion to approve the minutes.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Minutes of October 15, 2025 Board of Supervisors Meeting and November 19, 2025 Landowners’ Meeting, were approved.

FIFTH ORDER OF BUSINESS	Public Hearing
Public Hearing on the Adoption of Amended and Restated Rules of Procedure for the District
Ms. Burns asked for a motion to open the public hearing.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, Opening the Public Hearing, was approved.

i.  Consideration of Resolution 2026-06 Adopting Amended and Restated Rules of Procedure for the District
Ms. Burns stated that Resolution 2026-06 was included in the package for review. She added that this was updating their Rules of Procedure to reflect recent statutory changes and minor updates.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, Resolution 2026-06 Adopting Amended and Restated Rules of Procedure for the District, was approved.

Ms. Burns asked for a motion to close the public hearing.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, Closing the Public Hearing, was approved.

December 11, 2025	Cypress Ridge CDD

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-07
Adopting Amended Amenity Policies to Include Sports Court & Field Policies
Ms. Burns reviewed Resolution 2026-07, which adopts amended amenity policies, including sports courts and field policies. It was noted that the amenity policies had been adopted previously, but at that time, the District was not aware that soccer and pickleball would be added. The resolution updated the existing rules to include those amenities, using the same policies already in place at Crossings. Ms. Burns indicated that the guidelines had been incorporated into the current regulations and that she was available to answer any questions.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2026-07 Adopting Amended Amenity Policies to include Sports Court & Field Policies, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Collins had nothing to report to the Board.

Engineer
There being no comments, the next item followed.

Field Manager’s Report
Mr. Smith reported that additional landscape areas had been added to the maintenance scope and that coordination was ongoing for future turnovers once the well was operational. Additional areas were expected to be turned over to the District at that time. Mr. Smith noted that the pond edges had been treated due to vegetation buildup. Although dead material remained after spraying, much of it had been mowed and cleared, and the remaining areas were scheduled for ongoing maintenance. The drainage ditch had also been cleared, and the vendor indicated it would remain in place. A walkthrough of the amenity center was completed. Mr. Smith said that the facility was in good condition and nearing readiness for turnover. An action item list was being finalized, with completion anticipated the following week. One remaining issue involved the pool fill line plumbing, which was being adjusted to avoid impact and sewage fees by utilizing an existing backflow connection. It was noted that the soccer field and pickleball courts lacked access

December 11, 2025	Cypress Ridge CDD

control and were freely accessible. This was not included in the original scope, and staff indicated they would seek quotes to add access control.
The possibility of adding cameras was discussed, but no decision was made. Board members discussed access, enforcement, and accountability concerns, noting that the pool already had access control in place. Mr. Smith added that sod conditions had improved since earlier photos were taken and that remaining cleanup items would be addressed before a reinspection. Installation of the pool lift was identified as the primary remaining item, with infrastructure already in place. Mr. Smith estimated a late January opening for the amenity. The playground was unfenced but in good condition. Staff advised that, while the developer was completing the remaining items, the District intended to begin maintaining the facilities.

Consideration of Proposals for Pool Maintenance Services
West Coast Aquatics
Additional Proposal to be Provided Under Separate Cover
Mr. Smith stated that the pool maintenance proposals were received from West Coast Aquatics, Bamboo, and ASP. ASP submitted the lowest proposal at approximately $1,400 per month, while Bamboo submitted the highest at approximately $2,000 per month. Mr. Smith said that based on prior experience, West Coast Aquatics provided the highest quality service. He also noted he had limited direct experience with ASP, although other team members had previously worked with them.

Consideration of Proposals for Janitorial Maintenance Services
JNJ Amenity Services
Additional Proposal to be Provided Under Separate Cover
Mr. Smith reviewed multiple janitorial service proposals, including JNJ Cleaning, Bandu, Perfect Clean, and a combined janitorial and pool maintenance proposal from H2 Pool Services. JNJ proposed $630 per month for three visits per week, including materials. Bandu proposed $750 per month for only two trips per week and did not include materials, even though we had asked for the same scope. Perfect Clean proposed $210 per week, totaling approximately $10,920 annually for three visits per week, with materials included. Also discussed was bundling janitorial and pool maintenance services with H2 Pool Services, resulting in the lowest overall cost and an estimated $500 in savings compared to using separate vendors.

December 11, 2025	Cypress Ridge CDD

On MOTION by Mr. Walsh, seconded by Ms. Ellison, with all in favor, the H2 Proposal for Janitorial Maintenance Services, was approved.

Consideration of Proposal for Wildlife Signage
Mr. Smith discussed the first round of wildlife signage to be installed throughout the community, with a focus on areas behind the amenity center and along walking and back-trail areas near ponds. A total of nine signs were proposed, and a map was provided showing the general locations. The intent was to prioritize areas adjacent to amenities and pedestrian traffic rather than more remote pond locations. Mr. Smith stated that the signage options were reviewed. One option included more detailed pond and fishing language, such as catch-and-release only, no net fishing, no swimming, and no feeding wildlife. The second option was more concise and focused on safety messaging, including “Beware of Alligator,” “No Swimming,” and "Do not feed wildlife.” An additional wording option, noting that ponds are for CDD residents and patrons only, was also discussed.
Mr. Smith discussed using a mix of both sign types and agreed that rotating the messages would be effective. Direction was given to proceed with four signs of one kind and five of the other, ensuring the signs remain cohesive in appearance and are not placed side by side. Mr. Smith noted that additional wildlife signage may be needed in the future and could follow the same approach.

On MOTION by Mr. Walsh, seconded by Ms. Ellison, with all in favor, the Proposal for Wildlife Signage, was approved.

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register is in the agenda package for review. She offered to take questions on any of the invoices.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement

December 11, 2025	Cypress Ridge CDD

Ms. Burns noted that financial statements are included in the package for review. No action is required from the Board.

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

NINTH ORDER OF BUSINESS	Supervisors'	Requests	and	Audience
Comments
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

This instrument was prepared by, and upon recording, should be returned to:

Patrick Collins, Esq.
KILINSKI | VAN WYK PLLC
517 E. College Avenue Tallahassee, Florida 32301

SPECIAL WARRANTY DEED
THIS SPECIAL WARRANTY DEED is made as of the   day of 	, 2026, by Clayton Properties Group, Inc., a Tennessee corporation d/b/a Highland Homes, with offices located at 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803 (“Grantor”) and Cypress Ridge Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Hillsborough County, Florida (“Grantee”), whose mailing address is c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801.

(Wherever used herein, the terms “Grantor” and “Grantee” include all of the parties to this instrument, the heirs, legal representatives and assigns of individuals, and the successors and assigns of trustees, partnerships, limited liability companies, governmental entities, and corporations.)

W I T N E S S E T H:
Grantor, for and in consideration of the sum of Ten and No/100 U.S. Dollars ($10.00), and other good and valuable consideration to it in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and conveyed to Grantee, and Grantee's successors and assigns, forever, the land lying and being in the County of Hillsborough, State of Florida, as more particularly described below (“Property”):
Tracts D-1, D-2, D-3, F-2, F-4, L-2, L-3, L-4, P-1, P-2, P-3, P-4, P-5, P-6, and P-7, all
as identified on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida.
SUBJECT, HOWEVER, to the following encumbrances and restrictions: (i) all applicable governmental regulations; and (ii) all matters, restrictions, easements, limitations, reservations and covenants of record, if any, but this reference shall not operate to re-impose same;

TOGETHER, with all tenements, hereditaments, and appurtenances thereto belonging or in any way appertaining;
TO HAVE AND TO HOLD unto Grantee and Grantee's successors and assigns in fee simple
forever.
Grantor hereby covenants with Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to sell and convey the Property and hereby warrants the title to the Property, subject to the foregoing encumbrances and restrictions, and will defend the same against the lawful claims of all persons claiming by, through, or under Grantor. Grantor further warrants

that it has, and will in the future, fully comply with the provisions of Section 196.295, Florida Statutes, in relation to this transfer of title.

GRANT OF EASEMENTS
AND FURTHER WITNESS THAT GRANTOR, for good and valuable consideration to it in hand paid by Grantee, the receipt and sufficiency whereof are hereby acknowledged, hereby further remises, releases and quit-claims to Grantee forever, the following non-exclusive, perpetual easement rights which the Grantor has, if any, as more particularly described below (“Easements”):

Those certain Drainage Easements, Utility Easements and Access Easements, all as identified on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida.

And with respect to the foregoing, the rights of ingress and egress over, across, upon, and through the Easements, as well as rights of installing, constructing, operating, maintaining, repairing and replacing utilities, stormwater management, landscaping, irrigation, open space and/or other District improvements that comprise the District’s capital improvement plan. Such Easements shall not be construed to obligate the District to maintain any improvements not owned by the District.
TO HAVE AND TO HOLD the same forever, subject to taxes for the year hereof and subsequent years, as applicable, and all easements, restrictions, reservations, conditions, covenants, limitations and agreements of record. This reference to such matters of record shall not operate to re-impose the same. Grantor agrees and covenants that it has not and shall not grant or exercise any rights that are materially inconsistent with, or which materially interfere with, the rights herein granted to the District.

RESERVATION OF EASEMENTS
Grantor hereby reserves unto itself and its successors and assigns, and, to the extent required, Grantee by acceptance hereby gives and grants unto Grantor and its successors and assigns, non-exclusive easements for ingress and egress over, upon and across the Property conveyed hereby, together with the rights to maintain, repair, plant, mow, cultivate, irrigate, improve and care for all landscaping and related aesthetic features, and the right to maintain, repair and replace and improve any improvements now or hereafter located on the Property including, but not limited to, sidewalks, trails and related features; provided, however, that Grantor’s reservation of rights hereunder shall not be deemed to impose any obligations on Grantor to maintain, repair or replace any part of the Property or improvements located thereon.

[Signatures on following page]

IN WITNESS WHEREOF, Grantor has caused these presents to be executed on the day and year first above written.

WITNESS

By: 	 Name: 	 Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

By: 	 Name: 	 Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

CLAYTON PROPERTIES GROUP, INC., a
Tennessee corporation

By: 	 Name: 	 Title: 	 Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

STATE OF 	
COUNTY OF 	
The foregoing instrument was acknowledged before me by means of  physical presence or 
online	notarization,	this			day	of		,	2026,	by		,	as
	 of Clayton Properties Group, Inc., and who is either personally known to me, or produced 		 as identification.

(Official Notary Signature)
Name: 	
Personally Known 	
[notary seal]	OR Produced Identification 	
Type of Identification 	

Note to Examiner: This instrument evidences a conveyance of an interest in unencumbered real estate as a gift and is exempt from Florida documentary stamp tax pursuant to Rule 12B-4.014(2)(a), Florida Administrative Code.

ACCEPTANCE BY GRANTEE
By execution of this Special Warranty Deed, Grantee does hereby accept this conveyance, subject to the foregoing covenants, conditions, and restrictions, and agrees that it and the Property are subject to all matters hereinabove set forth. Grantee further agrees to comply with all terms, covenants, conditions, and restrictions provided in this Special Warranty Deed.

Dated this 	 day of 	, 2026.

WITNESS

By: 	 Name: 	 Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

By: 	 Name: 	 Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

CYPRESS RIDGE COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established under Chapter 190, Florida Statutes

By: 	 Name: 	 Title: 	
Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803

STATE OF FLORIDA COUNTY OF 	

The foregoing instrument was acknowledged before me by means of  physical presence or 
online	notarization,	this			day	of		,	2026,	by		,	as
	 of Cypress Ridge Community Development District, and who is either personally known to me, or produced 	 as identification.

(Official Notary Signature)
Name: 	
Personally Known 	
[notary seal]	OR Produced Identification 	
Type of Identification 	

Prepared By:
Patrick Collins, Esq.
KILINSKI | VAN WYK PLLC
517 E. College Avenue Tallahassee, Florida 32301

OWNER’S AFFIDAVIT

[Cypress Ridge Phase 1]

STATE OF 	
COUNTY OF 	

BEFORE   ME,   the   undersigned   authority,   personally   appeared
	(“Affiant”) as authorized signatory of CLAYTON PROPERTIES GROUP, INC., a Tennessee corporation (“Company” or “Owner”), with a principal address of 3020 Florida Avenue S., Lakeland, Florida 33803, who after first being duly sworn deposes and states as follows as it relates to the Company’s interest, if any, in the below-identified property:
Tracts D-1, D-2, D-3, F-2, F-4, L-2, L-3, L-4, P-1, P-2, P-3, P-4, P-5, P-6, and
P-7, all as identified on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida, and; Those certain Drainage Easements, Utility Easements and Access Easements, all as identified on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida.
That the above-described land together with all improvements thereon (“Property”) is free and clear of all liens, taxes, encumbrances and claims of every kind, nature and description whatsoever.

That there are no mechanic’s or materialman’s or laborer’s liens against the above described Property, nor any part thereof, and that no contractor, subcontractor, laborer or materialman, engineer, land engineer, or surveyor has any lien against said Property, or any part thereof.

That within the past ninety (90) days, the Owner has not made any improvements, alterations or repairs to the above-described Property for which costs thereof remain unpaid, and that within the past ninety (90) days there have been no claims for labor or material furnished for repairing or improving the same at the instance of the Owner which remain unpaid.

That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors.

Affiant knows of no action or proceeding relating to the Property, which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant

know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property.

Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records.

Affiant further states that he is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects.

FURTHER AFFIANT SAYETH NOT.

By: 	 Print Name: 	 Title: 	 Date: 	

SWORN TO AND SUBSCRIBED before me by means of ▢ physical presence or ▢ online notarization	this			day	of		,	2026,	by
	, on behalf of CLAYTON PROPERTIES GROUP, INC.,
a Tennessee corporation.

(Official Notary Signature)
Name: 	
Personally Known 	
[notary seal]	OR Produced Identification 	
Type of Identification 	

Prepared By:
Patrick Collins, Esq.
KILINSKI | VAN WYK PLLC
517 E. College Avenue Tallahassee, Florida 32301

CORPORATE AFFIDAVIT FOR DEED STATE OF 	
COUNTY OF 	
I, 	 (“Affiant”), being duly sworn, states:

I serve as 	 of Clayton Properties Group, Inc., a Tennessee corporation (“Company”).
There has been no dissolution of the Company resulting from transfers of interests in the Company or otherwise. The Company has never been a debtor in a bankruptcy proceeding.

On behalf of the Company, I am authorized to transfer, convey, exchange, assign, mortgage or otherwise deal with or dispose of the property more particularly described on the attached Exhibit “A” (“Property”) or any interests therein.
On behalf of the Company, I am authorized to execute, acknowledge and deliver instruments of any kind that are necessary, convenient or incidental to the transfer of any interest in real property owned or controlled by the Company.
On behalf of the Company, I acknowledge this affidavit may be relied upon by the Cypress Ridge Community Development District (“District”) for the purpose of acquiring the Property and specifically consent to such reliance by the District.

Affiant

SWORN TO AND SUBSCRIBED before me by means of ▢ physical presence or ▢ online notarization this    day of 	, 2026, by 	, as 	 of Clayton Properties Group, Inc., a Tennessee corporation.

(Official Notary Signature)
Name: 	
Personally Known 	
[notary seal]	OR Produced Identification 	
Type of Identification 	

Exhibit A:
Property Description

Tracts D-1, D-2, D-3, F-2, F-4, L-2, L-3, L-4, P-1, P-2, P-3, P-4, P-5, P-6, and P-7, all as identified on
the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida.

Those certain Drainage Easements, Utility Easements and Access Easements, all as identified on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 - 334, of the Official Records of Hillsborough County, Florida.

Section VI

	, 2026

Cypress Ridge Community Development District c/o Jill Burns, District Manager
Governmental Management Services - Central Florida, LLC 219 E. Livingston Street
Orlando, Florida 32801

Re:	Cypress Ridge Community Development District (“District”) Acquisition of Amenity Improvements

Dear Ms. Burns:
Clayton Properties Group, Inc. (“Developer”) has completed and requests that the District acquire certain amenity center improvements generally known as the Cypress Ridge Amenity Center, together with related improvements (collectively, the “Improvements”), and associated plans, designs, permits and other work product (“Work Product”), as more particularly described at Exhibit A. Developer wishes to convey the Improvements, which are included in the District’s Capital Improvement Plan as described in the Preliminary Engineer’s Report, dated April 2023, to the District pursuant to the Agreement Regarding the Acquisition of Certain Work Product, Improvements & Real Property By and Between Clayton Properties Group, Inc., and Cypress Ridge Community Development District. The Developer understands that there are currently no funds available to make payment for the Improvements or Work Product, but that Developer may be reimbursed for all or part of the Improvements and/or Work Product in an amount up to
$	 should bond proceeds become available in the future.

Notwithstanding anything to the contrary herein, to the extent any amount remains to be paid to contractors or professionals performing the work, Developer agrees to timely make payment for all such amounts and to ensure that no liens are placed on the property.

ACKNOWLEDGED AND AGREED TO BY:

CLAYTON PROPERTIES GROUP, INC., a
Tennessee corporation

	

Chairperson
Cypress Ridge Community Development District

By: 	
Its: 	

cc:	Patrick Collins, District Counsel Heather Wertz, P.E., District Engineer

Enclosure

Exhibit A:
Identification of Improvements

The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.
LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.
WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the above-referenced improvements.

[insert table of costs]

AFFIDAVIT REGARDING COSTS PAID
STATE OF 	
COUNTY OF 	
I, 	, as 	 of Clayton Properties Group, Inc., a Tennessee corporation, being first duly sworn, do hereby state for my affidavit as follows:
I have personal knowledge of the matters set forth in this affidavit.

My name is 	, and I am 	 of Clayton Properties Group, Inc. (“Developer”). I have authority to make this affidavit on behalf of Developer.

Developer is the developer of certain lands within the Cypress Ridge Community Development District, a special purpose unit of local government established pursuant to Chapter 190, Florida Statutes (“District”).

The Developer recognizes that the District intends to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, or maintain certain improvements as is authorized pursuant to Chapter 190, Florida Statutes, including the improvements attached hereto as Exhibit A (“Improvements”).
Developer has acted as prime general contractor and has expended funds to construct improvements and to complete or cause to be completed certain associated work product as described in the Preliminary Engineer’s Report, dated April 2023. The attached Exhibit A accurately identifies the improvements/work product completed to date. Notwithstanding anything to the contrary herein, Developer agrees to timely make payment for any remaining amounts due to contractors or professionals. Evidence of costs paid, including payment applications, invoices, and other documentation, is complete and on file with the Developer, and is capable of being produced upon request.

The Developer has expended at least $	 to complete the Improvements and Work Product. The Developer has copies of invoices and proof of payment on file and agrees to produce said documentation to the District upon request.

In making this affidavit, I understand that the District intends to rely on this affidavit for purposes of acquiring the completed Improvements.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Under penalties of perjury, I declare that I have read the foregoing and the facts alleged are true and correct to the best of my knowledge and belief.

Executed this 	 day of 	, 2026.
CLAYTON PROPERTIES GROUP, INC., a
Tennessee corporation

By: 	
Its: 	

STATE OF 	
COUNTY OF 	
The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢
online	notarization	this			day	of		,	2026,	by		,	as
	 of Clayton Properties Group, Inc., for and on behalf of said entity. He [ ] is personally known to me or [ ] produced 	 as identification.
(NOTARY SEAL)

Notary Public Signature

(Name typed, printed or stamped) Notary Public, State of 	 Commission No. 	  My Commission Expires: 	 

Exhibit A:
Identification of Improvements

The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.
LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.
WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the above-referenced improvements.

DEVELOPER ACKNOWLEDGMENT OF ACQUISITION OF CERTAIN IMPROVEMENTS AND WORK PRODUCT

CYPRESS RIDGE AMENITY CENTER
This Developer Acquisition and Warranty Acknowledgment is made the 	 day of
	, 2026, by 	 as 	of Clayton Properties
Group, Inc., with offices located at 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803 (“Developer”), in favor of the Cypress Ridge Community Development District (“District”), a local unit of special-purpose government situated in Hillsborough County, Florida, with offices located at c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801.
SECTION 1.  DESCRIPTION OF CONTRACTOR’S SERVICES. Developer has managed, overseen, and contracted for the construction of certain infrastructure improvements (“Improvements”) and associated plans, designs, permits and other work product (“Work Product”) related to the development of the Cypress Ridge Amenity Center. The Improvements and Work Product completed and to be acquired are more generally described in the attached Exhibit A.
Section 2. Acquisition of Improvements. Developer acknowledges that the District is acquiring or has acquired the Improvements and Work Product completed or caused to be completed by Developer.

Section 3.  Contract Rights. Developer hereby expressly acknowledges the District’s right to enforce the terms of all contracts, purchase orders, or other agreements under which the Improvements and Work Product were completed, including but not limited to any warranties, contract rights and remedies, standard of care provisions and other forms of indemnification provided therein and/or available under Florida law. Developer agrees to cooperate in obtaining all releases, acknowledgments, and other documents the District requires from contractors and professionals who completed work necessary to construct or produce the Improvements and/or Work Product. In the event that such releases, acknowledgments, or other documents cannot be obtained, Developer agrees to provide such additional warranties or assurances as the District may require.
SECTION 3. WARRANTY. Developer hereby expressly provides to the District a one-year warranty from the effective date of this Acknowledgement on the materials and labor for the Improvements set forth in Exhibit A, but only to the extent that the Developer is unable to transfer and/or assign sufficient warranties from applicable contractors, and hereby expressly acknowledges the District’s right to rely upon and enforce any other warranties provided under Florida law, including but not limited to those warranties provided by subcontractors, vendors, and materialmen.

SECTION 4.  INDEMNIFICATION. Developer indemnifies and holds the District harmless from any claims, demands, liabilities, judgments, costs, or other actions that may be brought against or imposed upon the District in connection with the Improvements identified in Exhibit A because of any act or omission of Developer, its agents, employees, or officers. Said indemnification shall include, but not be limited to, any reasonable attorney’s fees and costs incurred by the District.
SECTION 5. CERTIFICATE OF PAYMENT. Developer hereby acknowledges that it has fully compensated all contractors, vendors, materialmen, professionals, or others performing work related to completion of the Improvements and the Work Product. Developer further certifies that no outstanding requests for payment exist related to the Improvements or Work Product identified in Exhibit A, including any payments to subcontractors, materialmen, suppliers or otherwise, and that there is no disagreement as

to the appropriateness of payment made for the Improvements or Work Product.
Section 6.  Public Records. Developer acknowledges that all documents connected with the Improvements, Work Product, and acquisition thereof may be public records and treated as such in accordance with Florida law, and agrees to, upon request, produce such documentation, including but not limited to documentation of funds expended to construct the Improvements and complete the Work Product, such as invoices, payment applications, and other payment records.
Section 7. Effective Date. This Developer Acquisition and Warranty Acknowledgement shall take effect upon execution.

ATTEST

CLAYTON PROPERTIES GROUP, INC., a
Tennessee corporation

By: 	
Its: 	

[print name]

[print name]

STATE OF 	
COUNTY OF 	
The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢
online	notarization	this			day	of		,	2026,	by		,	as
	 of Clayton Properties Group, Inc., for and on behalf of said entity. He [ ] is personally known to me or [ ] produced 	 as identification.
(NOTARY SEAL)

Notary Public Signature

(Name typed, printed or stamped) Notary Public, State of 	 Commission No. 	  My Commission Expires: 	 

Exhibit A:
Identification of Improvements

The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.
LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.
WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the above-referenced improvements.

CONTRACTOR’S ACKNOWLEDGMENT OF ACQUISITION OF CERTAIN IMPROVEMENTS AND THE RIGHT TO RELY UPON ANY WARRANTIES AND CONTRACT TERMS FOR THE CONSTRUCTION OF SAME

This  Acquisition  and  Warranty  Acknowledgment  is  made  the 	 day of
	, 2026, by 	, 		 of 	, having offices located at 			 (“Contractor”), in favor of the Cypress Ridge Community Development District (“District”), a local unit of special-purpose government situated in Hillsborough County, Florida, and having offices located at c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801.
SECTION 1. DESCRIPTION OF CONTRACTOR’S SERVICES. Contractor has provided construction services as general contractor in connection with the construction of certain infrastructure improvements (“Improvements”). The Improvements constructed and acquired are more generally described in the attached Exhibit A.

Section 2. Acquisition of Improvements. Contractor acknowledges that the District is acquiring or has acquired the Improvements constructed by Contractor.
SECTION 3. WARRANTY. Contractor hereby expressly provides to the District a one-year warranty from the effective date of this Acknowledgement on the materials and labor for the Improvements set forth in Exhibit A and hereby expressly acknowledges the District’s right to rely upon and enforce any other warranties provided under Florida law.

SECTION 4.  INDEMNIFICATION. Contractor indemnifies and holds the District harmless from any claims, demands, liabilities, judgments, costs, or other actions that may be brought against or imposed upon the District in connection with the Improvements identified in Exhibit A because of any act or omission of Contractor, its agents, employees, or officers. Said indemnification shall include, but not be limited to, any reasonable attorney’s fees and costs incurred by the District.
SECTION 5.  CERTIFICATE OF PAYMENT. Contractor hereby acknowledges that it has been fully compensated for its services and work related to completion of the Improvements. Contractor further certifies that no outstanding requests for payment exist related to the Improvements identified in Exhibit A, including any payments to subcontractors, materialmen, suppliers or otherwise, and that there is no disagreement as to the appropriateness of payment made for the Improvements. This document shall constitute a final waiver and release of lien for any payments due to Contractor by Developer for the Improvements identified in Exhibit A.
Section 6. Effective Date. This Acquisition and Warranty Acknowledgement shall take effect upon execution.

ATTEST	CONTRACTOR: 	

By: 	

Its: 	

[print name]

[print name]

Exhibit A

[to be added]

BILL OF SALE AND LIMITED ASSIGNMENT
THIS BILL OF SALE AND LIMITED ASSIGNMENT is made as of this 	 day of
	, 2026, by Clayton Properties Group, Inc., a Tennessee corporation, whose address is 3020 South Florida Avenue, Suite 101, Lakeland, Florida, 33803 (“Grantor”), and for the Cypress Ridge Community Development District, a local unit of special-purpose government organized under Chapter 190, Florida Statutes, (“District” or “Grantee”) whose address is c/o Governmental Management Services
Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801.
(Wherever used herein, the terms “Grantor” and “Grantee” include all of the parties to this instrument, the heirs, legal representatives and assigns of individuals, and the successors and assigns of trustees, partnerships, limited liability companies, governmental entities, and corporations.)

NOW THEREFORE, for good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, Grantor and Grantee, intending to be legally bound, do hereby agree as follows:

Grantor hereby transfers, grants, conveys, and assigns to Grantee all right, title and interest of Grantor, if any, in and to the following improvements and other property interests as described below, located within the property as further described in Exhibit A attached hereto, to have and to hold for Grantee’s own use and benefit forever:
Improvements: All amenity center improvements, landscaping/hardscaping improvements, and drainage/stormwater improvements identified in Exhibit A (together, “Improvements”); and
Work Product: All of the right, title, interest, and benefit of Grantor, if any, in, to and under any and all plans, designs, construction and development drawings, engineering and soil reports and studies, surveys, testing, permits, approvals, and work product (together, “Work Product”) relating to the Improvements if any; and

Warranty and Indemnity Rights: All of the right, title, interest, and benefit of Grantor, if any, in, to and under any and all contracts, guaranties, affidavits, warranties, bonds, claims, lien waivers, and other forms of indemnification, given heretofore and with respect to the Improvements and the Work Product (“Warranty and Indemnity Rights”), which Warranty and Indemnity Rights are being assigned on a non-exclusive basis to be held jointly with Grantor (provided however that the Grantor and Grantee may independently exercise such rights); and
All goodwill associated with the foregoing.
Grantor hereby covenants that: (i) Grantor is the lawful owner of the Work Product and Improvements; (ii) the Work Product and Improvements are free from any liens or encumbrances and the Grantor covenants to timely address any such liens or encumbrances if and when filed; (iii) Grantor has good right to sell the Work Product and Improvements; and (iv) the Grantor will warrant and defend the sale of the Work Product and Improvements hereby made unto the Grantee against the lawful claims and demands of all persons whosoever.
This conveyance is made on an “as is” basis; however, the Grantor represents that it has no knowledge of any defects whatsoever in the Work Product or Improvements, and hereby assigns, transfers

and conveys to the Grantee any and all rights against any and all firms or entities which may have caused any defects, including, but not limited to, any and all warranties and other forms of indemnification.

By execution of this document, the Grantor affirmatively represents that it has the contractual right, consent and lawful authority of any and all forms to take this action in this document and in this form. Nothing herein shall be construed as a waiver of Grantee’s limitations on liability as provided in Section 768.28, Florida Statutes, and other statutes and law. This instrument shall be governed by, and construed under, the laws of the State of Florida.
As consideration for the sale of the Improvements and the Work Product, and subject to (and without intending to alter) the provisions of that certain Agreement Regarding the Acquisition of Certain Work Product, Improvements & Real Property By and Between Clayton Properties Group, Inc., and Cypress Ridge Community Development District dated August 30, 2023, among any other applicable acquisition agreements related to future bond series, the Grantee shall make payment for the cost of the Improvements and Work Product up to the amounts set forth herein from the proceeds of any applicable current or future series of bonds, should such funds become available.

[Signatures of following page]

WHEREFORE, the foregoing Bill of Sale and Limited Assignment is hereby executed and delivered on the date first set forth above.

Signed, sealed and delivered by:

WITNESS

CLAYTON PROPERTIES GROUP, INC., a
Tennessee corporation

	

Name: 	
Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida 33803

By: 	
Its: 	

Name: 	
Address: 3020 South Florida Avenue, Suite 101, Lakeland, Florida 33803

STATE OF 	
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢
online	notarization	this			day	of		,	2026,	by		,	as
	 of Clayton Properties Group, Inc., for and on behalf of said entity. He [ ] is personally known to me or [ ] produced 	 as identification.
(NOTARY SEAL)

Notary Public Signature

(Name typed, printed or stamped) Notary Public, State of 	 Commission No. 	  My Commission Expires: 	 

Exhibit A: Identification of Improvements

Exhibit A:
Identification of Improvements

The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.
LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.
WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the above-referenced improvements.

CERTIFICATION OF DISTRICT ENGINEER
	, 2026

Board of Supervisors
Cypress Ridge Community Development District c/o Jill Burns, District Manager
Governmental Management Services - Central Florida, LLC 219 E. Livingston Street
Orlando, Florida 32801
Re:	Cypress Ridge Community Development District Acquisition of Amenity Center
Ladies and Gentlemen:

The undersigned, Heather Wertz, P.E., of Absolute Engineering, Inc., as District Engineer of the Cypress Ridge Community Development District (“District”), hereby makes the following certifications in connection with the District’s acquisition of certain work product and improvements (“Improvements”), as described in Exhibit A attached hereto.
The undersigned, an authorized representative of the District Engineer, hereby certifies that:

I have inspected the Improvements, as well as any and all site plans, plats, agreements, construction and development drawings, plans and specifications, surveys, engineering reports, soil reports, and documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the Improvements.
The Improvements have been completed in compliance with the applicable governmental requirements, including but not limited to all permits, Hillsborough County regulations and code and, if applicable, FDOT regulations and code.

In my opinion, the Improvements are within the scope of Chapter 190, Florida Statutes, and are included in the District’s capital improvement plan as described in the Preliminary Engineer’s Report, dated April 2023; were installed in accordance with their specifications; and are free from obstruction and capable of performing the functions for which they were intended.
All known plans, permits and specifications necessary for the operation and maintenance of the Improvements are complete and on file with the District, and have been transferred, or are capable of being transferred, to the District for operations and maintenance responsibilities.

The Improvements specifically benefit property within the boundaries of the District.
With this document, I hereby certify that it is appropriate at this time to transfer the Improvements to the District for ownership, and operation and maintenance responsibilities.

[Signature on following page]

Under penalties of perjury, I declare that I have read the foregoing certificate and that the facts stated in it are true.

ABSOLUTE ENGINEERING, INC.

Heather Wertz, P.E.
Florida Registration No. 	

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization this   day of 	, 2026, by Heather Wertz of Absolute Engineering,   Inc.,   who   is   personally   known   to   me   or   who   has   produced
	 as identification, and did [ ] or did not [ ] take the oath.

Notary Public, State of Florida
Print Name:		 Commission No.:	  My Commission Expires: 	

Exhibit A:
Identification of Improvements

The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.
LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.
WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the above-referenced improvements.

RELEASE OF RESTRICTIONS ON CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT’S RIGHT TO USE AND RELY UPON DRAWINGS, PLANS SPECIFICATIONS, RELATED DOCUMENTS, AND SERVICES CREATED OR UNDERTAKEN IN CONNECTION WITH THE CONSTRUCTION OF CERTAIN INFRASTRUCTURE IMPROVEMENTS
CYPRESS RIDGE AMENITY CENTER

THIS RELEASE is made the    day of 	, 2026, by Absolute Engineering, Inc. (“Professional”), a Florida corporation, with an address of 1000 N. Ashley Drove, Suite 925, Tampa, Florida 33602, in favor of Cypress Ridge Community Development District (“District”), a local unit of special purpose government, being situated in Hillsborough County, Florida, and having offices located at c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801.
.
Recitals

WHEREAS, Professional has created certain drawings, plans, specifications and related documents and/or has undertaken services in connection with the construction of certain amenity improvements as described in Exhibit A, for Clayton Properties Group, Inc., (“Developer”) as owner and developer of lands within the District (“Work Product”); and
Whereas, the District intends to acquire the Work Product from the Developer and thereby secure the unrestricted right to use and rely upon the same for any and all purposes; and

Whereas, the District has requested Professional to confirm the release of all restrictions on the District’s right to use and rely upon the Work Product; and

Whereas, Professional has agreed to the release of any such restrictions.
Now, therefore, for and in consideration of mutual promises and obligations, the receipt and sufficiency of which are hereby acknowledged, the District and Professional agree as follows:
SECTION 1.  GENERAL. The recitals so stated above are true and correct and by this reference are incorporated as a material part of this Release. Professional acknowledges that the District is acquiring the Work Product from the Developer, and acquiring the Improvements to which it relates, and for that purpose the District has requested that Professional confirm the release of all restrictions on the District’s right to use and rely upon the Work Product.
SECTION 2. RELEASE. Premised upon the District’s agreement to make no revisions or modifications to the Work Product without prior written permission of Professional, Professional confirms the release of all restrictions upon the District’s right to use and rely upon the Work Product for any and all purposes. Further, Professional acknowledges that all warranties, contracts and rights and remedies thereunder and other forms of indemnification, if any, may be freely transferred to the District from the Developer.

Section 3.  Certificate of Payment. Professional hereby acknowledges that Professional has been fully compensated for its services and work related to completion of the Work Product. Professional further certifies that there are no outstanding requests for payment related to the Work Product and that there is no disagreement as to the appropriateness of payment made for Work Product.

SECTION 4.  EFFECTIVE DATE. This Release shall take effect upon execution. This Release is effective only for the Work Product identified in Exhibit A, and Professional is not waiving or releasing any rights with respect to future work to be conducted pursuant to its existing agreement.

ATTEST	ABSOLUTE ENGINEERING, INC.

By:		By: Heather Wertz
Its: 	

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was sworn and subscribed before me by means of I physical presence or I online notarization this   day of 	, 2026, by Heather Wertz of Absolute Engineering,  Inc.,  who  I  is  personally  known  to  me  or  I  who  has  produced
	 as identification, and I did or I did not take the oath.

Exhibit A: Description of Work Product

Notary Public, State of Florida
Print Name:		 Commission No.:	  My Commission Expires: 	

Exhibit A:
Description of Work Product

WORK PRODUCT: All of the right, title, interest, and benefit in, to, and under any and all site plans, construction and development drawings, plans and specifications, documents, surveys, engineering and soil reports and studies, licenses, permits, zoning approvals, entitlements, building permits, demolition and excavation permits, curb cut and right-of-way permits, utility permits, drainage rights, bonds, and similar or equivalent private and governmental documents of every kind and character whatsoever pertaining or applicable to or in any way connected with the development, construction, and ownership of the below-referenced improvements:
The following Improvements located at the property identified as Tract F-4 on the Plat entitled Cypress Ridge Phase 1 as recorded in Plat Book 147, Pages 294 – 334, of the Official Records of Hillsborough County, Florida:

AMENITY CENTER: All amenity/recreational improvements, including but not necessarily limited to the amenity building, pool, playground, sport courts, bathrooms, parking lots, open space and other appurtenances or related improvements.

LANDSCAPING/HARDSCAPING: All plants, trees, timber, shrubbery, and other landscaping and plantings, and all irrigation systems, including but not limited to wells, pumps, lines, spray heads, and related system components; together with all signage, entry monuments and features, pavers, walkways, sidewalks, and related improvements.

STORMWATER/DRAINAGE IMPROVEMENTS: All drainage and surface water management systems, including but not limited to lakes, ponds, sod, surface water control structures, pipes, curbs, gutter, inlets, gravity walls, and other water conveyance structures, as well as all catch-basins and related stormwater facilities.

Section VII

Amenity Policies. During the period when a Renter is designated as the beneficial user, the Resident shall not be entitled to use the Amenities. In other words, Renter’s and Resident’s cannot simultaneously hold Amenity privileges associated with that residential unit. Residents may retain their Amenities rights in lieu of granting them to their Renters.
Residents shall be responsible for all charges incurred by their Renters which remain unpaid after the customary billing and collection procedures established by the District. Residents are responsible for the deportment of their respective Renter, including the Renter’s adherence to the Amenity Policies.
(7)  Access Cards. One complimentary Access Card will be issued to each Household upon registering for amenity access with the District after closing upon property within the District, or upon approval of Non-Resident Patron application and payment of applicable Annual User Fee, or upon verification and approval of Renter designation. Proof of property ownership may be required annually. All Patrons must use their Access Card for entrance to the Amenities.
All Patrons must use the Access Card issued to their Household for entrance to the Amenity Facilities. Each Household will be authorized one (1) initial Access Card free of charge. One (1) additional Access Card may be purchased at the Amenity Rates in effect, for a maximum of two (2) Access Cards per Household in service at a time. In addition to the access cards, each household may register up to two (2) cell phone numbers with corresponding emails of residents over the age of 18 years old. Cell phones registered will be able to be used to access the facility through an app provided by the District. Replacement Access Cards may be purchased in accordance with the Amenity Rates then in effect.
Patrons must scan their Access Cards in the Card reader to gain access to the Amenities. This Access Card system provides a security and safety measure for Patrons and protects the Amenities from non-Patron entry. Under no circumstances shall a Patron provide their Access Card to another person, whether Patron or non-Patron, to allow access to the Amenities, and under no circumstances shall a Patron intentionally leave doors, gates, or other entrance barriers open to allow entry by non-Patrons.
Access Cards are the property of the District and are non-transferable except in accordance with the District’s Amenity Policies. All lost or stolen Cards must be reported immediately to District Staff. Fees shall apply to replace any lost or stolen Cards.

Section VIII

Item will be provided to Board under separate cover for confidentiality purposes.

Section IX

Section C

Item will be provided under separate cover.

Section D

Section 1

Cypress Ridge Community Development District

Summary of Check Register

December 1, 2025 to January 31, 2026

Fund	Date	Check No.'s	Amount	

General Fund	

12/12/25	

219	$	

1,695.00	
	12/22/25	220-223	$	827,822.88	
	1/13/26	224-226	$	12,295.00	
	1/28/26	227-229	$	14,586.50	
		Subtotal	 $	856,399.38 	
General Fund - Auto Pay	
12/31/25	
8003-8004	$	
9,154.45	
	1/31/26	8005-8006	$	8,950.65	
		Subtotal	 $	18,105.10 	
		Total Amount	$	874,504.48	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/05/26	PAGE	1
*** CHECK DATES 12/01/2025 - 01/31/2026 ***	CYPRESS RIDGE GENERAL FUND
BANK A CYPRESS RIDGE GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/12/25 00028 12/06/25 118786	202512 320-53900-49100	*	1,695.00
DEC LAKE MAINT
REMSON AQUATICS LLC	1,695.00 000219
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/25 00031 12/22/25 ASSMTS	202512 300-20700-10000	*	817,313.87

CYPRESS RIDGE CDD	817,313.87	000220	
- - - - - - - -	- - - - - - - -	- - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - - - - - - -	- - -	
111	202512 320-53900-34000	*	1,250.00	
DEC25	FIELD MANAGEMENT	
112	202512 310-51300-34000	*	3,343.67	
DEC25	MANAGEMENT FEES	
112	202512 310-51300-35200	*	108.17	
DEC25	WEBSITE ADMIN	
112	202512 310-51300-35100	*	162.25	
DEC25	INFORMATION TECH	
112	202512 310-51300-31300	*	437.50	
DEC25	DISSEMINATION	

2023 ASSMTS THRU 12.22.25

12/22/25 00002	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
12/01/25 112	202512 310-51300-51000	*	2.50
OFFICE SUPPLIES
12/01/25 112	202512 310-51300-42000	*	107.92
POSTAGE
12/01/25 112	202512 310-51300-49000	*	302.50
MEETING ROOM - HAMPTON IN
GOVERNMENTAL MANAGEMENT SERVICES	5,714.51 000221
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/25 00014 12/16/25 13759	202511 310-51300-31500	*	1,044.50
NOV25 ATTORNEY FEES
KILINSKI VAN WYK PLLC	1,044.50 000222
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/25 00028 12/12/25 118857	202512 320-53900-49100	*	3,750.00
DITCHLINE MAINTENANCE
REMSON AQUATICS LLC	3,750.00 000223
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/26 00022 12/19/25 27437	202512 320-53900-47100	*	8,850.00
LANDSCAPE MAINT DEC25
CARDINAL LANDSCAPING	8,850.00 000224
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/26 00032	1/09/26 2914	202601 330-57200-48300	*	1,750.00
POOL MAINT JAN 26
H2 LAGOON SOLUTIONS	1,750.00 000225
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/26 00028	1/04/26 118867	202601 320-53900-46100	*	1,695.00
LAKE MAINT JAN26
REMSON AQUATICS LLC	1,695.00 000226
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/05/26	PAGE	2
*** CHECK DATES 12/01/2025 - 01/31/2026 ***	CYPRESS RIDGE GENERAL FUND
BANK A CYPRESS RIDGE GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/28/26 00022	1/22/26 28433	202601 320-53900-47100	*	8,850.00
LANDSCAPE MAINT JAN26
CARDINAL LANDSCAPING	8,850.00 000227
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/28/26 00033 12/31/25 2	202512 320-53900-49100	*	221.15
REPLACE SIGN POST
GOVERNMENTAL MANAGEMENT SERVICES TA	221.15 000228
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/28/26 00002	1/01/26 116	202601 320-53900-34000	*	1,250.00
FIELD MGMT
1/01/26 117	202601 310-51300-34000	*	3,343.67
MGMT FEES
1/01/26 117	202601 310-51300-35200	*	108.17
WEBSITE ADMIN
1/01/26 117	202601 310-51300-35100	*	162.25
INFORMATION TECH
1/01/26 117	202601 310-51300-31300	*	437.50
DISS AGENT
1/01/26 117	202601 310-51300-51000	*	2.50
OFFICE SUPPLIES
1/01/26 117	202601 310-51300-42000	*	60.01
POSTAGE
1/01/26 117	202601 310-51300-49000	*	151.25
MEETING ROOM
GOVERNMENTAL MANAGEMENT SERVICES	5,515.35 000229
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	856,399.38

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/05/26	PAGE	3
*** CHECK DATES 12/01/2025 - 01/31/2026 ***	CYPRESS RIDGE GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	STATUS		AMOUNT	....CHECK..... AMOUNT	#	
12/31/25 00030	12/01/25 TECODEC2 202512 320-53100-43100
12/20/25 TECODEC2 202512 320-53100-43000	*
*		7,689.51
1,416.52		
	12/25 FIELD ELECTRIC
TECO ELECTRIC				9,106.03 008003	
- - - - - - - - 12/31/25 00030	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/01/25 TECODEC2 202512 320-53100-43100
TECO ELECTRIC	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

48.42 008004	
- - - - - - - - 1/31/26 00030	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/01/26 TECOJAN2 202601 320-53100-43100
1/01/26 TECOJAN2 202601 320-53100-43000	- - - - - - -
*
*	- - - -	- - - - - -

968.57	- - - - - - - -	
	1/26 FIELD ELECTRIC
1/01/26 TECOJAN2 202601 320-53100-43100	*		48.60		
	1/26 ELECTRIC SVC CHG
TECO ELECTRIC				8,706.68 008005	
- - - - - - - - 1/31/26 00034	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/01/26 FRONTIER 202601 330-57200-41000
FRONTIER COMMUNICATIONS	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

243.97 008006	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR	BANK Z		18,105.10		
	TOTAL FOR	REGISTER		874,504.48		

BANK Z CYPRESS AUTOPAY

12/25 STREETLIGHT EXP

12/25 ELECTRIC SVC CHG

48.42

1/26 STREETLIGHT UTILITY

7,689.51

1/26 AMENITY INTERNET SVC

243.97

Section 2

Cypress Ridge
Community Development District

Unaudited Financial Reporting
January 31, 2026

	Table of Contents	

1	
Balance Sheet	

2-3	

General Fund	

4	

Debt Service - Series 2023	

5	

Capital Projects Fund	

6-7	

Month to Month	

8	

Long Term Debt Report	

9	

Assessment Receipt Schedule	

Cypress Ridge
Community Development District Combined Balance Sheet
	January 31, 2026		
	General	Debt Service	Capital Projects	Total	
	Fund	Fund	Fund	Governmental Fund	
Assets:					
Operating Account	$	348,292	$	-	$	-	$	348,292	
Due From Developer	-	-	84,642	84,642	
Due from General Fund	-	4,984	-	4,984	
Prepaid Items Investments:
Series 2023	-	-
-	-
-	-	
Reserve	-	409,292	-	409,292	
Revenue	-	910,056	-	910,056	
Interest	-	-	-	-	
Prepayment	-	1,613,334	-	1,613,334	
Construction	-	-	219	219	
Cost of Issuance	-	-	-	-	
Total Assets	$	348,292	$	2,937,667	$	84,861	$	3,370,820	
Liabilities:			
Accounts Payable	$	19,707	$	-	$	-	$	19,707	
Accrued Expenses	-	-	-	-	
Retainage Payable	-	-	-	-	
Due To Debt Service	4,984	-	-	4,984	
FICA Payable	92	-	-	92	
Federal Witholding	50	-	-	50	
Developer Advance	-	-	-	-	
Deferred Revenue	-	-	-	-	
Total Liabilities	$	24,833	$	-	$	-	$	24,833	

Fund Balances:					
Nonspendable:					
Deposits and Prepaid Items	$	-	$	-	$	-	$	-	
Restricted for:					
Debt Service	-	2,937,667	-	2,937,667	
Capital Projects	-	-	84,861	84,861	
Unassigned	323,459	-	-	323,459	
Total Fund Balances	$	323,459	$	2,937,667	$	84,861	$	3,345,987	
					
Total Liabilities & Fund Balance	$	348,292	$	2,937,667	$	84,861	$	3,370,820	

Cypress Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues					
Assessments- Tax Roll	$	422,352	$	421,150	$	421,150	$	-	
Assessments- Direct	73,731	36,864	$	36,864	-	
Total Revenues	$	496,083	$	458,015	$	458,015	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	6,000	$	2,000	$	1,600	$	400	
FICA Expense	459	153	122	31	
Engineering	10,000	3,333	-	3,333	
Attorney	15,000	5,000	5,601	(601)	
Annual Audit	3,300	1,100	-	1,100	
Assessment Administration	5,000	5,000	5,000	-	
Arbitrage	900	300	-	300	
Dissemination	5,250	1,750	1,750	-	
Amortization Schedules	600	600	1,000	(400)	
Disclosure Software	1,500	1,500	1,500	-	
Trustee Fees	8,020	2,673	-	2,673	
Management Fees	40,124	13,375	13,375	(0)	
Information Technology	1,947	649	649	(0)	
Website Maintenance	1,298	433	433	(0)	
Postage & Delivery	600	200	504	(304)	
Insurance	6,686	6,686	6,163	523	
Copies	850	283	-	283	
Legal Advertising	2,500	833	2,327	(1,493)	
Contingency	2,500	833	713	120	
Office Supplies	625	208	8	201	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,333	$	47,085	$	40,919	$	6,166	

Cypress Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Operations & Maintenance					
Field Expenses					
Field Management	$	15,000	$	5,000	$	5,000	$	-	
Property Insurance	10,000	10,000	1,960	8,040	
Landscape Maintenance	125,500	41,833	35,400	6,433	
Landscape Replacement & Enhancements	5,000	1,667	-	1,667	
Irrigation Repairs	2,500	833	-	833	
Lake Maintenance	25,000	8,333	6,780	1,553	
Electric	5,000	1,667	2,385	(718)	
Streetlighting	95,000	31,667	31,089	577	
General Field Contingency	10,000	3,333	6,322	(2,989)	
Total Field Operations	$	293,000	$	104,333	$	88,937	$  15,397	

Amenity Expenses					
Amenity Management	$	8,583	$	2,861	$	1,750	$	1,111	
Amenity - Electric	12,500	4,167	-	4,167	
Amenity- Water	4,167	1,389	-	1,389	
Internet	2,500	833	244	589	
Pest Control	1,250	417	-	417	
Janitorial Services	15,417	5,139	-	5,139	
Pool Maintenance	22,500	7,500	-	7,500	
Amenity Repairs and Maintenance	8,333	2,778	-	2,778	
Amenity Contingency	14,500	4,833	560	4,273	
Total Amenity	$	89,750	$	29,917	$	2,554	$  27,363	
					
Total Expenditures	$	496,083	$	181,335	$	132,410	$  48,925	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	325,605		
					
Fund Balance - Beginning	$	-		$	(2,146)		
					
Fund Balance - Ending	$	-		$	323,459		

Cypress Ridge
Community Development District Debt Service Fund - Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:		
Assessments - Tax Roll	$	824,642	$	822,298	$	822,298	$	-	
Assessments - Prepayments	$	-	$	-	$	1,270,422	$	1,270,422	
Interest	$	-	$	-	$	19,604	$	19,604	
Total Revenues	$	824,642	$	822,298	$	2,112,324	$	1,290,026	

Expenditures:					
Interest Expense - 11/1	$	335,000	$	335,000	$	335,000	$	-	
Special Call - 11/1	$	-	$	-	$	430,000	$	(430,000)	
Principal Expense - 5/1	$	185,000	$	-	$	-	$	-	
Interest Expense - 5/1	$	335,000	$	-	$	-	$	-	
Total Expenditures	$	855,000	$	335,000	$	765,000	$	(430,000)	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	(30,358)		$	1,347,324		
					
Fund Balance - Beginning	$	450,873		$	1,590,343		
					
Fund Balance - Ending	$	420,514		$	2,937,667		

Cypress Ridge
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

Proposed	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues		
Developer Contributions	$	-	$	1,123,595	$	1,123,595	$	-	
Interest	$	-	$	-	$	1,858	$	1,858	
Total Revenues	$	-	$	1,123,595	$	1,125,453	$	1,858	

Expenditures:					
Contingency	$	-	$	-	$	-	$	-	
Capital Outlay	$	-	$	1,188,109	$	1,188,109	$	-	
Total Expenditures	$	-	$	1,188,109	$	1,188,109	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(12)	$	(12)	

Total Other Financing Sources (Uses)	$	-	$	-	$	(12)	$	(12)	
	
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(62,669)	

Fund Balance - Beginning	$	-	$	147,530	
			
Fund Balance - Ending	$	-	$	84,861	

Cypress Ridge
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total

Revenues		
Assessments- Tax Roll	$	-	$	75,900	$	342,698	$	2,553	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	421,150	
Assessments- Direct	$	36,864	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	36,864	
Total Revenues	$	36,864	$	75,900	$	342,698	$	2,553	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	458,015	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	1,000	$	-	$	600	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,600	
FICA Expense	$	77	$	-	$	46	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	122	
Engineering	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	1,367	$	1,045	$	1,693	$	1,497	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,601	
Annual Audit	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	438	$	438	$	438	$	438	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,750	
Amortization Schedules	$	500	$	-	$	-	$	500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,000	
Disclosure Software	$	1,500	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,500	
Trustee Fees	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,375	
Information Technology	$	162	$	162	$	162	$	162	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	649	
Website Maintenance	$	108	$	108	$	108	$	108	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	433	
Postage & Delivery	$	222	$	114	$	108	$	60	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	504	
Insurance	$	6,163	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,163	
Copies	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	2,327	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,327	
Contingency	$	48	$	211	$	303	$	151	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	713	
Office Supplies	$	-	$	3	$	3	$	3	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	8	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	20,104	$	7,750	$	6,803	$	6,262	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	40,919	

Cypress Ridge
Community Development District Month to Month

Oct	Nov	Dec	Jan		Feb	Mar		Apr	May		Jun		Jul	Aug		Sep	Total	

Operation and Maintenance
Field Expenditures
Field Management	$	1,250  $	1,250  $	1,250  $	

1,250	

$		

-  $	

-  $		

-  $	

-  $		

-  $		

-  $	

-  $		

-  $	5,000	
Property Insurance	$	1,960  $	-  $	-  $	-	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	1,960	
Landscape Maintenance	$	8,850  $	8,850  $	8,850  $	8,850	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	35,400	
Landscape Replacement & Enhancements	$	-  $	-  $	-  $	-	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	-	
Irrigation Repairs	$	-  $	-  $	-  $	-	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	-	
Lake Maintenance	$	1,695  $	1,695  $	1,695  $	1,695	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	6,780	
Electric	$	-  $	-  $	1,417  $	969	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	2,385	
Streetlighting	$	7,807  $	7,807  $	7,738  $	7,738	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	31,089	
General Field Contingency	$	1,930  $	-  $	3,971  $	421	$		-  $	-  $		-  $	-  $		-  $		-  $	-  $		-  $	6,322	

Total Field Expenditures:	$	23,492  $	19,602  $	24,921  $	20,923  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	88,937

Amenity Expenditures Amenity Management Amenity - Electric Amenity- Water Internet
Pest Control Janitorial Services Pool Maintenance
Amenity Repairs and Maintenance Amenity Contingency

$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

1,750  $
-  $
-  $
244  $
-  $
-  $
-  $
-  $
560  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

1,750
-
- 244
-
-
-
- 560

Excess (Deficiency) of Revenues over Expenditures	$	(6,731)  $	48,548  $	310,974  $	(27,186)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	325,605

Total Expenditures	$	43,596  $	27,352  $	31,724  $	29,739  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	132,410

Total Amenity Expenditures	$	-  $	-  $	-  $	2,554  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,554

Cypress Ridge
Community Development District Long Term Debt Report

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS

Interest Rate:	4.875%, 5.625%, 5.875%
Maturity Date:	5/1/2053
Reserve Fund Definition	50% Maximum Annual Debt Service Reserve Fund Requirement		$409,292
Reserve Fund Balance	$409,292

Bonds Outstanding - 08/30/23	$13,000,000 LESS: Principal Payment - 05/01/24		($180,000)
LESS: Principal Payment - 02/01/25	($50,000)
LESS: Principal Payment - 05/01/25	($185,000)
LESS: Principal Payment - 05/1/25	($170,000)
LESS: Principal Payment - 08/1/25	($655,000)
LESS: Principal Payment - 11/1/25	($430,000)	
CURRENT BONDS OUTSTANDING	$11,330,000	

Cypress Ridge
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$ 449,309.16	$ 877,278.27	$ 1,326,587.43	
Net Assessments	$ 422,350.61	$ 824,641.57	$ 1,246,992.18	
	33.87%	66.13%	100.00%	

Special Assessment Receipts Fiscal Year 2026

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Discoumt/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2023 Debt Service	
Total	

11/7/24	
11/01/2025-11/09/2025	
$25,167.13	
($1,006.69)	
($483.21)	
$0.00	
$23,677.23	
$8,019.37	
$15,657.86	
$23,677.23	
11/20/24	11/10/2025-11/16/2025	$213,028.62	($8,521.30)	($4,090.15)	$0.00	$200,417.17	$67,880.39	$132,536.78	$200,417.17	
12/03/25	11/17/2025-11/25/2025	$900,634.26	($36,026.28)	($17,292.15)	$0.00	$847,315.83	$286,982.04	$560,333.79	$847,315.83	
12/04/25	11/26/2025-11/30/2025	$135,291.37	($5,411.72)	($2,597.60)	$0.00	$127,282.05	$43,109.85	$84,172.20	$127,282.05	
12/18/25	12/01/2025-12/14/2025	$39,425.41	($1,446.62)	($759.57)	$0.00	$37,219.22	$12,605.98	$24,613.24	$37,219.22	
01/09/26	12/15/2025-12/31/2025	$6,520.32	($195.61)	($126.50)	$0.00	$6,198.21	$2,099.31	$4,098.90	$6,198.21	
01/16/26	Interest	$1,338.97	$0.00	$0.00	$0.00	$1,338.97	$453.50	$885.47	$1,338.97	
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	

TOTAL	$  1,321,406.08  $	(52,608.22)  $ (25,349.18)  $	-	$  1,243,448.68	$ 421,150.44	$ 822,298.24	$ 1,243,448.68	

99.72%
$3,543.50

Net Percent Collected Balance Remaining to Collect

Land South Equities LLC 2026-01		
Net Assessments	
$	73,728.71	
$	36,864.35	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	
10/14/25	10/1/25	20982	$ 36,864.35	$	36,864.35	$	36,864.35	
	2/1/26		$ 18,432.18	$	-	$	-	
	5/1/26		$ 18,432.18	$	-	$	-	
			$ 73,728.71	$	36,864.35	$  36,864.35