The Palace at Coral Gables Community Development District
3501 Quadrangle Boulevard, Suite 270; Orlando, FL 32817; Phone: 407-723-5900 www.palaceatcoralgablescdd.com

The following is the proposed agenda for The Palace at Coral Gables Community Development District Board of Supervisors’ Meeting scheduled to be held at 10850 SW 113th Place, Miami, FL 33176 on Thursday, July 23, 2026, at 11:00 a.m.
A quorum will be confirmed prior to the start of the meeting.
Please use the following information to join by phone:

Phone: 1-844-621-3956

Participant Code: 2539 895 0958

BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters




1.
2.
3.

Call to Order Roll Call
Public Comment Period
Consideration of the Minutes of the April 23, 2026, Board of Supervisors’ Meeting Review of Number of Registered Voters
Consideration of Resolution 2026-06, Adopting an Annual Meeting Schedule for Fiscal Year 2026-2027

Business Matters

4.

Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony


A.

Board Comments
Consideration of Resolution 2026-07, Adopting the Fiscal Year 2027 Budget and Appropriating Funds

5.
6.
7.

Consideration of Fiscal Year 2027 Funding Agreement Consideration of Funding Request Nos. 187 – 190 Review of District’s Financial Position

Other Business



Staff Reports
District Counsel
District Manager



Next Meeting: October 22, 2026

District Engineer



Supervisors Requests and Audience Comments

Adjournment

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Consideration of the Minutes of the April 23, 2026,
Board of Supervisors’ Meeting

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS

Call to Order and Roll Call

The Board of Supervisors’ Meeting for the Palace at Coral Gables Community Development District was called to order on Thursday, April 23, 2026, at 11:00 a.m. at 10850 SW 113th Place, Miami, FL 33176.

Board Members present:
Oscar Roiz
Sam Montenegro Maria Morales Adam Rosenblum

Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary

Also present were:
Jane Gaarlandt Kwame Jackson Rick Montejano
Gabriella Fernandez Perez

PFM MS LLC PFM MS LLC
PFM MS LLC	(via phone) BCMLRA, P.A.

SECOND ORDER OF BUSINESS

Public Comment Period

Mr. Jackson noted that there were no members of the public present.

THIRD ORDER OF BUSINESS

Ratification of Agenda Items Approved and Adopted During the October 23, 2025, Board of Supervisors’ Meeting

Mr. Jackson noted there were last minute changes to the call-in information at the October 23, 2025, meeting. This agenda item was at the recommendation of District Counsel.

FOURTH ORDER OF BUSINESS

Consideration of the Minutes of the October 23, 2025, Board of Supervisors’ Meeting

The Board reviewed the minutes.

On motion by Mr. Roiz, seconded by Mr. Rosenblum, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District ratified the Agenda Items Approved and Adopted during the October 23, 2025, Board of Supervisors’ Meeting.

FIFTH ORDER OF BUSINESS

Review

of

Number

of

Registered Voters

Mr. Jackson noted the letter has not been received yet. As of last year, there were 152 registered voters within the District.

This item was deferred.

SIXTH ORDER OF BUSINESS

Consideration	of

District

Counsel Letter

Fee	Adjustment

Ms. Fernandez Perez noted the current fee structure has been in place since 2010. The new fee structure will be implemented on October 1, 2026. She provided an overview of the fee adjustments.

SEVENTH ORDER OF BUSINESS

Consideration of Resolution

2025-03,	Approving

a

Preliminary Budget for Fiscal

Year 2026 and Setting a Public Hearing Date

Mr. Jackson noted the recommended date for the Public Hearing is July 23, 2026.

Mr. Roiz commented regarding the District Engineer’s fees.

Ms. Gaarlandt noted the required 5-year storm water system analysis is coming up in a couple of years and the recommendation is to set aside a portion of that fee within this fiscal year.

2

On motion by Mr. Roiz, seconded by Mr. Rosenblum, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District approved the District Counsel Fee Adjustment Letter.

On motion by Mr. Montenegro, seconded by Mr. Rosenblum, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District approved the Minutes of the October 23, 2025, Board of Supervisors’ Meeting.

EIGHTH ORDER OF BUSINESS

Consideration of Resolution 2025-04, Designating Board Member Seats for the 2026 General Election

Mr. Jackson noted that Seat 1, Seat 2, and Seat 5 will run in the General Election. The qualifying period will be the week of June 8th, 2026. All information goes through the Supervisor of Elections.

Ms. Gaarlandt gave an overview of the process. It was noted if no one runs, the Seats remain as holdovers.

NINTH ORDER OF BUSINESS

Review and Acceptance of the Fiscal Year 2025 Audit Report

The Board reviewed the report.

Mr. Jackson noted the report has been reviewed by the Chair and District Counsel. It was a standard and clean audit.

TENTH ORDER OF BUSINESS

Consideration

of

Funding

Request Nos. 183 – 186

The Board reviewed the funding requests.

Mr. Jackson noted these are for standard District expenses.

3

On motion by Mr. Roiz, seconded by Mr. Montenegro, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District accepted the Fiscal Year 2025 Audit Report.

On motion by Mr. Roiz, seconded by Mr. Rosenblum, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District approved Resolution 2025-04, Designating Board Member Seats for the 2026 General Election.

On motion by Mr. Roiz, seconded by Mr. Montenegro, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District approved Resolution 2025-03, Approving a Preliminary Budget for Fiscal Year 2026 and Setting a Public Hearing Date for July 23, 2026.

ELEVENTH ORDER OF BUSINESS

Review of District’s Financial Position

The Board reviewed the District Financials as of February 2026.

No action was required by the Board.

TWELFTH ORDER OF BUSINESS

Staff Reports

District Counsel – Ms. Fernandez Perez reminded the Board of their required Form 1 due July 1. It was noted the General Election requires a hard copy of the Form 1.

District Manager –




Legal Notices on the County Website Next Meeting: July 23, 2026

Mr. Jackson gave an update on the legal notices. The County has been difficult to contact regarding posting on their website. Notices are still being posted in the newspaper.

There was brief discussion regarding the Community News newspaper. Mr. Jackson will follow up.

It was noted the next Board Meeting is scheduled for July 23, 2026. This will include approval of the final budget.

Ms. Gaarlandt reminded the Board of the required annual 4-hour Ethics Training due December
31. Once completed, the Board is advised to send a confirmation note to District Management.

There was brief discussion regarding Ethics Training.

District Engineer – No report.

THIRTEENTH ORDER OF BUSINESS

Supervisor Audience Adjournment

Requests	and

Comments

&

There was no further business to discuss.

4

On motion by Mr. Roiz, seconded by Mr. Rosenblum, with all in favor, the Board of Supervisors for the Palace at Coral Gables Community Development District approved Funding Request Nos. 183-186.

Secretary/Assistant Secretary

Chairperson/Vice-Chairperson

5

On Motion by Mr. Roiz, seconded by Mr. Rosenblum with all in favor, the April 23, 2026, Board of Supervisors’ Meeting of the Palace at Coral Gables Community Development District was adjourned at 11:16 a.m.

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Review of Number of Registered Voters

T 305-499-VOTE(8683)
F 305-499-8501
TTY 305-499-8480

Alina Garcia Supervisor of Elections

V@To

2700 NW 87th Ave Miami, FL 33172

votemiamidade.gov
@votemiamidade

April 29, 2026

Ms. Jane Gaarlandt
PFM Group Consulting, LLC 3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817

Dear Ms. Jane Gaarlandt:

The Office of the Supervisor of Elections has completed a review of the area described as Palace at Coral Gables Community Development District. A certification of the number of registered voters is enclosed for your reference.

A fee of $ 60.00 has been assessed for the research and labor involved in determining the number of registered voters in the proposed Community Development District (CDD).

Should you have any questions or concerns, please feel free to contact Michelle McClain, Deputy Supervisor of Elections for Voter Services at 305-499-8302 or by email at Michelle.McClain@votemiamidade.gov.

Best regards,

Supervisor of Elections
Office of the Supervisor of Elections Miami-Dade County

Enclosure (2)

T 305-499-VOTE(8683)
F 305-499-8501
TTY 305-499-8480

Alina Garcia Supervisor of Elections
2700 NW 87th Ave
Miami, FL 33172

V@To

votemiamidade.gov
@votemiamidade

CERTIFICATION

STATE OF FLORIDA)

COUNTY OF MIAMI-DADE)

I, Alina Garcia, Supervisor of Elections of Miami-Dade County, Florida,

do hereby certify

that Palace at Coral Gables Community Development District, attached MAP, has 162 voters.

as described in the

Alina Garcia Supervisor of Elections

Please submit a check for $60.00 to our office payable to “Miami-Dade County Office of the Supervisor of Elections” for the cost of certifying the number of registered voters.

WITNESS MY HAND AND OFFICIAL SEAL, AT MIAMI, MIAMI-DADE COUNTY, FLORIDA, ON THIS 29th DAY OF APRIL, 2026

O ff i c e o f I h e S u p e rv i s o r

o f E I e c I i o n s

2026

Palace

at

Coral  Gables

with

Precincts

576

604

Pa ance at Coral ûaõles

561

VALENCIA AVE.

63

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Consideration of Resolution 2026-06, Adopting an Annual Meeting Schedule for Fiscal Year 2026-2027

RESOLUTION 2026-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIME AND LOCATION FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, The Palace at Coral Gables Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the Miami-Dade County, Florida; and

WHEREAS, the District is an independent special district as defined in Chapter 189, Florida Statutes,
and subject to certain requirements therein; and

WHEREAS, Section 189. 015(1), Florida Statutes, requires that the Board of Supervisors of the District (“Board”), file a schedule of its regular meeting dates, times, and location either quarterly, semi-annually, or annually with the local governing authority and the Florida Department of Economic Opportunity; and

WHEREAS, the District is required by Section 189.069(13), Florida Statutes, to post the regular meeting dates, times, and locations on its official website, and cause the same to be published in a newspaper of general circulation; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT:

Section 1. Regular meetings of the Board of the District shall be held as provided on the schedule attached as Exhibit “A”.

Section 2. In accordance with Sections 189.015 (1), and 189.069(13), Florida Statutes, the District’s Secretary is hereby directed to file this resolution with the Miami-Dade County, Florida, publish a notice of the regular meeting dates, times, and locations in a newspaper of general circulation, and post the same on the District’s official website.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 23rd DAY OF JULY 2026.

THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

CHAIRPERSON

ATTEST:

SECRETARY/ASSISTANT SECRETARY

EXHIBIT “A”

BOARD OF SUPERVISORS’ MEETING DATES
THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT FOR FISCAL YEAR 2026/2027

October 22, 2026
January 28, 2027
April 22, 2027
July 22, 2027

All meetings will convene at 11:00 a.m. on the specified dates at 10850 SW 113th Place, Miami, FL 33176.

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Public Hearing on the Adoption of the District’s Annual Budget

•
• A.

Public Comments and Testimony Board Comments
Consideration of Resolution 2026-07,

Adopting the Fiscal Year 2027 Budget and Appropriating Funds

RESOLUTION 2026-07

THE ANNUAL APPROPRIATION RESOLUTION OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2026, submitted to the Board of Supervisors (“Board”) of The Palace at Coral Gables Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2026 and ending September 30, 2027 (“Fiscal Year 2026/2027”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

WHEREAS, the Board set July 23, 2026, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

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

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	BUDGET

a.

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

b.

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

c.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Palace at Coral Gables Community Development District for the Fiscal Year Ending September 30, 2027.”

d.

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2026/2027, the sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND

$	

DEBT SERVICE FUND (SERIES 2011 A)

$	

TOTAL ALL FUNDS

$	

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2026/2027 or within 60 days following the end of the Fiscal Year 2026/2027 may amend its Adopted Budget for that fiscal year as follows:

a.

The Board may authorize an increase or decrease in line-item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

b.

The District Manager or Treasurer may authorize an increase or decrease in line-item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

c.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

d.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida

Statutes, among other applicable laws.

Among other procedures, the District Manager or

Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 23rd DAY OF JULY, 2026.

ATTEST:

THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary/Assistant Secretary

Its:	

Exhibit A: Fiscal Year 2026/2027 Budget

Palace at Coral Gables CDD
FY2027 Proposed Budgets

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Palace at Coral Gables
FY 2027 Proposed O&M Budget

Actual through 2/28/2026

FY 2026
Adopted Budget

Anticipated Mar-Sep

Anticipated Total FY 26

Revenues
Developer Contributions
Net Revenues

$  27,695.04

$

41,020.20

$

68,715.24

$74,414.00

$27,695.04

$

41,020.20

$

68,715.24

$74,414.00

General & Administrative Expenses
D & O Insurance Trustee Services Management Engineering Disclosure District Counsel
Reamortization Schedule Audit
Tax Preparation Fees Arbitrage
Travel and Per Diem Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees
Total General & Administrative Expenses

$

3,501.00
3,577.97
15,625.00
- 1,000.00
3,010.00
- 5,300.00
-
-
- 0.74
- 737.67
-
- 925.00
175.00

$

- 1,422.03
21,875.00
33.33
- 7,500.00
250.00
- 15.00
500.00
250.00
75.00
17.50
1,000.00
125.00
25.00
1,775.00
-

$

3,501.00
5,000.00
37,500.00
33.33
1,000.00
10,510.00
250.00
5,300.00
15.00
500.00
250.00
75.74
17.50
1,737.67
125.00
25.00
2,700.00
175.00

$

3,634.00
5,000.00
37,500.00
100.00
1,000.00
15,000.00
250.00
5,530.00
15.00
500.00
500.00
150.00
35.00
2,000.00
250.00
50.00
2,700.00
200.00

$

33,852.38

$

34,862.86

$

68,715.24

$

74,414.00

Total Expenses

$

33,852.38

$

34,862.86

$

68,715.24

$ 74,414.00

Net Income (Loss)

$

(6,157.34)

$

6,157.34

$

-

$

-

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$271.54

$135.77

$407.31

$0.00

$271.54

$135.77

$407.31

$0.00

Net Income (Loss)

$(5,885.80)

$6,293.11

$407.31

$0.00

Page 1 of 4

FY 2027
Proposed Budget

$ 79,400.00

$ 79,400.00

$  3,850.00
5,000.00
37,500.00
3,000.00
1,000.00
15,000.00
250.00
5,400.00
15.00
500.00
500.00
150.00
35.00
4,000.00
250.00
50.00
2,700.00
200.00

$ 79,400.00

$ 79,400.00

$	-

$0.00

$0.00

$0.00

Palace at Coral Gables Community Development District O & M Budget Item Description FY 2027

Revenues:
Developer Contributions:
Funding from the developer.

General & Administrative Expenses:

D&O Insurance:

Supervisors' and Officers' liability insurance.

Trustee Services:

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the District trust accounts.

Management:

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These Services are further outlined in Exhibit "A" of the Management Agreement.

Engineering:

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the District throughout the year.

Disclosure:

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the dissemination agent provides to the trustee and bond holders.

District Counsel:

The District's legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Reamortization Schedule:

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit:

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Tax Preparation Fees:

Cost involved with issuing 1099s to non-employee sources of the District such Board Members or certain vendors generating income of more than $600 throughout the fiscal year.

Page 2 of 4

Palace at Coral Gables Community Development District O & M Budget Item Description FY 2027

Arbitrage:

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate liability.

Travel and Per Diem
Travel to and from meetings as related to the District.
Postage & Shipping:

Mail, overnight deliveries, correspondence, etc.

Copies:

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Legal Advertising:

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to monthly meetings, special meetings, and public hearings for the District.

Miscellaneous:

Other administrative and grounds expenses incurred throughout the year.

Office Supplies
General office supplies associated with the District.
Website Maintenance:
Website maintenance fee.

Dues, Licenses, and Fees:

The District is required to pay an annual fee to the Department of Economic Opportunity.

.

Page 3 of 4

Palace at Coral Gables Community Development District
Proposed Debt Service Fund Budget Series 2011A Special Assessment Bonds Fiscal Year 2027

Proposed FY 2027 Budget

REVENUES:

Developer Contributions Parking Garage Revenues

$

813,468.75
-

$

813,468.75

TOTAL REVENUES

EXPENDITURES:

$

181,781.25
275,000.00
181,781.25

Series 2011A - Interest 11/1/2026 Series 2011A - Principal 5/1/2027 Series 2011A - Interest 5/1/2027

$

638,562.50

TOTAL EXPENDITURES

EXCESS REVENUES

2011A Interest 11/1/2027

$

174,906.25

Page 4 of 4

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Consideration of Fiscal Year 2027 Funding Agreement

DEVELOPER FUNDING AGREEMENT

This Developer Funding Agreement (the “Agreement”) is made and entered into this 23rd day of July, 2026 (the "Effective Date"), by and between:

THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT, a
local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Miami-Dade County, Florida, and whose mailing address is c/o PFM Management Services LLC, 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817 (the "District"); and

THE PALACE MANAGEMENT GROUP, LLC, a Florida limited liability company, the primary developer of lands within the boundaries of the District, whose address is 10850 SW 113th Place, Miami, Florida 33176, and its successors and assigns (the "Developer").

RECITALS

WHEREAS, the Developer is the owner of a ground leasehold estate and interest in certain lands located within the District (the “Leasehold Estate”); and

WHEREAS, the District, pursuant to the responsibilities and authorities vested in it by Chapter 190, Florida Statutes, desires to proceed with the discharge of its duties, including but not limited to its administrative and legal functions and its preparations to acquire, construct and deliver certain community development services, facilities, and improvements to serve the District, including without limitation a public component of a parking garage comprising 337 public parking spaces, onsite and offsite roadway and pedestrian improvements, onsite and offsite storm drainage system, water distribution system and sanitary system, all as such improvements are more specifically described in the plans and specifications on file at the offices of the District (collectively, the "Improvements"); and

WHEREAS, the Developer recognizes that in the District's discharging of said duties and responsibilities, certain benefits will accrue to the Leasehold Estate; and

WHEREAS, the Developer is agreeable to funding the operations of the District as called for in the annual fiscal year budget approved by the District Board of Supervisors, a copy of which is attached hereto and made a part hereof as Exhibit "A", as such budget may be amended from time to time (the "Budget"); and

WHEREAS, the Developer agrees and acknowledges that this Agreement shall be binding upon its successors and assigns;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties hereinafter recited, the receipt and sufficiency of which is hereby acknowledged, the District and the Developer agree as follows:

- 1 -

1.

The recitals stated above are true and correct and by this reference are incorporated

by reference as a material part of this Agreement.

2.

The Developer shall make available to the District the moneys necessary for any and

all operating expenses incurred by the District during the fiscal year covered by the Budget. Such moneys shall be remitted by the Developer to the District within fifteen (15) days of written request

by the District. The funds shall be placed in the District's general checking account and expended for the purposes stated herein.

3.

The Developer shall make available to the District the moneys necessary for any and

all maintenance, repair, reconstruction, and replacement of the District's Improvements incurred by

the District during the fiscal year covered by the Budget. Such moneys shall be remitted by the Developer to the District within fifteen (15) days of written request by the District. The funds shall be placed in the District’s general checking account and expended for the purposes stated herein.

4.

This Agreement constitutes the entire agreement between the parties relating to the

subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only in writing which is executed by both of the parties hereto.

5.

The execution of this Agreement has been duly authorized by the appropriate body

or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.

6.

A default by either party under the Agreement shall entitle the other to all remedies

available at law or in equity, which shall include but not be limited to the right of damages, injunctive relief and specific performance and specifically include the ability of the District to enforce any and all payment obligations under this Agreement through the imposition and enforcement of a contractual or other lien on the Leasehold Estate or other property owned by the Developer.

7.

In the event that either party is required to enforce this Agreement by court

proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorney's fees and costs for trial, alternate dispute resolution, or appellate proceedings.

8.

This Agreement is solely for the benefit of the formal parties herein and no right or

cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the

provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.

9.

This Agreement and the provisions contained herein shall be construed, interpreted

and controlled according to the laws of the State of Florida.

10.	This Agreement has been negotiated fully between the parties in an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance

- 2 -

of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

11.

This Agreement, or any monies to become due hereunder, may be assigned,

provided that the assigning party first obtains the prior written consent of the other party, which consent shall not unreasonably be withheld.

12.

The rights and obligations created by this Agreement shall be binding upon and inure

to the benefit of the Developer and the District, their successors and assigns.

13.

Whenever used the singular number shall include the plural, the plural the singular;

the use of any gender shall include all genders, as the context requires; and the disjunctive shall be construed as the conjunctive, the conjunctive as the disjunctive, as the context requires.

14.

This Agreement may be executed in any number of counterparts, each of which

when executed and delivered shall be an original; however, all such counterparts together shall

constitute, but one and the same instrument. Signature and acknowledgment pages, if any, may be executed by facsimile, which shall be good as an original, and may be detached from the counterparts and attached to a single copy of this document to physically form one document.

- 3 -

IN WITNESS WHEREOF, the parties hereto execute this Agreement and further agree that it shall take effect as of the Effective Date first above written.

Attest:

THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

By: 	
Chair/Vice Chair

Secretary/Assistant Secretary

	 day of 	, 2026

STATE OF FLORIDA } COUNTY OF MIAMI-DADE}

The	foregoing	instrument	was	acknowledged	before	me	this			day	of
		, 2026, by 	, as Chair/Vice Chair of the Board of Supervisors for THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT,
who is personally known and/or produced 	 as identification and who being duly sworn, deposes and says that the aforementioned is true and correct to his or her best knowledge.

[SEAL]

Notary Public Commission:

- 4 -

THE PALACE MANAGEMENT GROUP,
LLC, a Florida limited liability company

Witnesses:

By: 	 Print Name:		 Title: 		

Print Name

	 day of 	, 2026

Print Name

(CORPORATE SEAL)

STATE OF FLORIDA } COUNTY OF 	}

The	foregoing	instrument	was	acknowledged	before	me	this			day	of
	, 2026, by 		, as 	 of THE PALACE MANAGEMENT GROUP, LLC, a Florida limited liability company. He or she is personally known to me or has produced 	 as identification and who being duly sworn, deposes and says that the aforementioned is true and correct to the best of his or her knowledge.

Notary Public Commission:

- 5 -

Exhibit "A" – Budget

Palace at Coral Gables
FY 2027 Proposed O&M Budget

Actual through 2/28/2026

FY 2026
Adopted Budget

Anticipated Mar-Sep

Anticipated Total FY 26

Revenues
Developer Contributions
Net Revenues

$  27,695.04

$

41,020.20

$

68,715.24

$74,414.00

$27,695.04

$

41,020.20

$

68,715.24

$74,414.00

General & Administrative Expenses
D & O Insurance Trustee Services Management Engineering Disclosure District Counsel
Reamortization Schedule Audit
Tax Preparation Fees Arbitrage
Travel and Per Diem Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees
Total General & Administrative Expenses

$

3,501.00
3,577.97
15,625.00
- 1,000.00
3,010.00
- 5,300.00
-
-
- 0.74
- 737.67
-
- 925.00
175.00

$

- 1,422.03
21,875.00
33.33
- 7,500.00
250.00
- 15.00
500.00
250.00
75.00
17.50
1,000.00
125.00
25.00
1,775.00
-

$

3,501.00
5,000.00
37,500.00
33.33
1,000.00
10,510.00
250.00
5,300.00
15.00
500.00
250.00
75.74
17.50
1,737.67
125.00
25.00
2,700.00
175.00

$

3,634.00
5,000.00
37,500.00
100.00
1,000.00
15,000.00
250.00
5,530.00
15.00
500.00
500.00
150.00
35.00
2,000.00
250.00
50.00
2,700.00
200.00

$

33,852.38

$

34,862.86

$

68,715.24

$

74,414.00

Total Expenses

$

33,852.38

$

34,862.86

$

68,715.24

$ 74,414.00

Net Income (Loss)

$

(6,157.34)

$

6,157.34

$

-

$

-

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$271.54

$135.77

$407.31

$0.00

$271.54

$135.77

$407.31

$0.00

Net Income (Loss)

$(5,885.80)

$6,293.11

$407.31

$0.00

Page 1 of 4

FY 2027
Proposed Budget

$ 79,400.00

$ 79,400.00

$  3,850.00
5,000.00
37,500.00
3,000.00
1,000.00
15,000.00
250.00
5,400.00
15.00
500.00
500.00
150.00
35.00
4,000.00
250.00
50.00
2,700.00
200.00

$ 79,400.00

$ 79,400.00

$	-

$0.00

$0.00

$0.00

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Consideration of Funding Request Nos. 187 – 190

PALACE AT CORAL GABLES

C O M M U N I T Y D E V E L O P M E N T

D I S T R I C T

Funding Request # 187
 3/31/2026 

Item No.

Invoice Number

Payee

FY26

1

PFM Group Consulting
Billable Expenses
March 2026 District Management Fees

140958
DM-03-2026-53

$

11.41
3,125.00

2

VGlobalTech
Mar Monthly Maintenance Quarterly Maintenance

8284
8348

$

125.00
300.00

SUBTOTALS

$

3,561.41

TOTAL

$

3,561.41

Oscar Roiz
The Palace Management Group LLC 11355 SW 84th Street
Miami, FL 33173
TEL.: 305-270-7010
Oscar@thepalaceus.com

Remittance Options:

PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

RE:

Billable Expenses.

Expenses
Total Amount Due

$11.41
$11.41

1

of

2

Via Mail: 

Company Address:

1735 Market Street 42nd Floor Philadelphia, PA 19103
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Group Consulting District Accounting Department
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

March 3, 2026

140958

Payment Terms

Due Date

Upon Receipt

March 3, 2026

Miscellaneous Expense

Jennifer Walden

01/30/26

$11.41
$11.41
$11.41

Miscellaneous Expense
Total Expenses:

2

of

2

Expense Supporting Detail
Category	Worker	Transaction Date	Amount Billed

Date

Invoice Number

March 3, 2026

140958

Payment Terms	Due Date

Upon Receipt

March 3, 2026

RECEIPT
Refs
ch 3SvIDCBFBCpItuQH1hGmgakS

Order Time: 1/30/2026 S: 58:15 Al1 PT Reference: 213890055
User: Rick Montejano
Payment Source: Credit Card("”“9887)
E-File Date: 1/30/2026

1099-NEC
USPS Iflail
TIN Check eDelivery State Filing Discount Plan Amount
SalesTax Amount

Palace at Coral Gables CDD

2025

2
2
2

$2.62
$5.80
$2.00

1

$0.99

$0.00

Prepaid Amount
Card Amount

11, 41
$11 41

Total:

Thank you for your business!

Remittance Options:

PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

RE:

District Management Fee:March 2026

Professional Fees
Total Amount Due

$3,125.00
$3,125.00

1

of

1

Via Mail: 

Company Address:

1735 Market Street 42nd Floor Philadelphia, PA 19103
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Group Consulting District Accounting Department
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

March 5, 2026

DM-03-2026-53

Payment Terms

Due Date

Upon Receipt

March 5, 2026

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

INVOICE
BILL TO
Palace at Coral Gables CDD 3501 Quadrangle Boulevard,
Suite 270, Orlando, FL 32817

INVOICE # 8284
DATE 03/01/2026
DUE DATE 03/01/2026
TERMS Due on receipt

Web Maintenance:ADA Website
Maintenance
Ongoing website maintenance for ADA and WCAG Compliance

1

125.00

125.00

BALANCE DUE

$125.00

Please make check payable to VGlobalTech.

Ways to pay

View and pay

DATE	ACTIVITY	QTY	RATE	AMOUNT

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

INVOICE
BILL TO
Palace at Coral Gables
3501 Quadrangle Boulevard,
Suite 270, Orlando, FL 32817

INVOICE # 8348
DATE 03/31/2026
DUE DATE 03/31/2026
TERMS Due on receipt

Audits:Quarterly ADA & WCAG
Audits
Quarterly ADA & WCAG Audits for all new content and document conversions for the website.

1

300.00

300.00

BALANCE DUE

$300.00

Invoice for Quarter 1 ADA Audit.
Please make check payable to VGlobalTech.

Ways to pay

View and pay

DATE	ACTIVITY	QTY	RATE	AMOUNT

PALACE AT CORAL GABLES

C O M M U N I T Y D E V E L O P M E N T

D I S T R I C T

Funding Request # 188
 4/30/2026 

Item No.

Invoice Number

Payee

FY26

1

Billing, Cochran, Lyles, Mauro & Ramsey
District Counsel Through 2/28/2026 District Counsel Through 3/31/2026

197535
198022

$

500.00
500.00

2

Miami-Dade County
Registered voters

2026.4.29

$

60.00

PFM Management Services LLC
April 2026 District Management Fees

3

DM-04-2026-59

$

3,125.00

VGlobalTech
Apr Monthly Maintenance

4

$

125.00

8419

SUBTOTALS

$

4,310.00

	TOTAL	$  4,310.00 

Oscar Roiz
The Palace Management Group LLC 11355 SW 84th Street
Miami, FL 33173
TEL.: 305-270-7010
Oscar@thepalaceus.com

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301 (954) 764-7150

Page: 1 03/31/2026
948-08240M
198022

PALACE AT CORAL GABLES CDD PFM GROUP CONSULTING LLC
3501 QUADRANGLE BLVD., SUITE 270
ORLANDO FL 32817

Account No: Statement No:

Attn: JENNIFER WALDEN

PALACE AT CORAL GABLES CDD

Fees

Monthly minimum billing for general/routine legal services provided for in CDD Engagement Letter, including, but not limited to:
Communications with District Manager and District Staff re: routine operations of the CDD; Communications with State and local government agencies re: CDD matters, requests for information, audits, etc.; Update and maintain CDD records, notices, filings, etc.; Review
miscellaneous correspondence re: CDD; Scheduling matters involving the CDD and Agendas re: Meetings of Board of Supervisors; Monitoring litigation matters, receiving and processing all notices, service of process, etc., as Registered Agent of the CDD; Reviewing and reporting upon changes in legislation and regulatory measures affecting the CDD

For Current Services Rendered

500.00

Previous Balance

$1,085.00

Total Current Work

500.00

Payments

04/06/2026

PAYMENT RECEIVED - THANK YOU

-585.00

Balance Due

$1,000.00

PLEASE MAKE CHECKS PAYABLE TO BILLING COCHRAN, P.A.
PLEASE RETURN ONE COPY OF THIS STATEMENT WITH YOUR PAYMENT IRS NO. 59-1756046

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301 (954) 764-7150

Page: 1 02/28/2026
948-08240M
197535

PALACE AT CORAL GABLES CDD PFM GROUP CONSULTING LLC
3501 QUADRANGLE BLVD., SUITE 270
ORLANDO FL 32817

Account No: Statement No:

Attn: JENNIFER WALDEN

PALACE AT CORAL GABLES CDD

Fees

Monthly minimum billing for general/routine legal services provided for in CDD Engagement Letter, including, but not limited to:
Communications with District Manager and District Staff re: routine operations of the CDD; Communications with State and local government agencies re: CDD matters, requests for information, audits, etc.; Update and maintain CDD records, notices, filings, etc.; Review
miscellaneous correspondence re: CDD; Scheduling matters involving the CDD and Agendas re: Meetings of Board of Supervisors; Monitoring litigation matters, receiving and processing all notices, service of process, etc., as Registered Agent of the CDD; Reviewing and reporting upon changes in legislation and regulatory measures affecting the CDD

For Current Services Rendered

500.00

Previous Balance

$1,585.00

Total Current Work

500.00

Payments

02/13/2026
02/13/2026

PAYMENT RECEIVED - THANK YOU PAYMENT RECEIVED - THANK YOU
Total Payments

-500.00
-500.00

-1,000.00

Balance Due

$1,085.00

PLEASE MAKE CHECKS PAYABLE TO BILLING COCHRAN, P.A.
PLEASE RETURN ONE COPY OF THIS STATEMENT WITH YOUR PAYMENT IRS NO. 59-1756046

T 305-499-VOTE(8683)
F 305-499-8501
TTY 305-499-8480

Alina Garcia Supervisor of Elections

V@To

2700 NW 87th Ave Miami, FL 33172

votemiamidade.gov
@votemiamidade

April 29, 2026

Ms. Jane Gaarlandt
PFM Group Consulting, LLC 3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817

Dear Ms. Jane Gaarlandt:

The Office of the Supervisor of Elections has completed a review of the area described as Palace at Coral Gables Community Development District. A certification of the number of registered voters is enclosed for your reference.

A fee of $ 60.00 has been assessed for the research and labor involved in determining the number of registered voters in the proposed Community Development District (CDD).

Should you have any questions or concerns, please feel free to contact Michelle McClain, Deputy Supervisor of Elections for Voter Services at 305-499-8302 or by email at Michelle.McClain@votemiamidade.gov.

Best regards,

Supervisor of Elections
Office of the Supervisor of Elections Miami-Dade County

Enclosure (2)

T 305-499-VOTE(8683)
F 305-499-8501
TTY 305-499-8480

Alina Garcia Supervisor of Elections
2700 NW 87th Ave
Miami, FL 33172

V@To

votemiamidade.gov
@votemiamidade

CERTIFICATION

STATE OF FLORIDA)

COUNTY OF MIAMI-DADE)

I, Alina Garcia, Supervisor of Elections of Miami-Dade County, Florida,

do hereby certify

that Palace at Coral Gables Community Development District, attached MAP, has 162 voters.

as described in the

Alina Garcia Supervisor of Elections

Please submit a check for $60.00 to our office payable to “Miami-Dade County Office of the Supervisor of Elections” for the cost of certifying the number of registered voters.

WITNESS MY HAND AND OFFICIAL SEAL, AT MIAMI, MIAMI-DADE COUNTY, FLORIDA, ON THIS 29th DAY OF APRIL, 2026

O ff i c e o f I h e S u p e rv i s o r

o f E I e c I i o n s

2026

Palace

at

Coral  Gables

with

Precincts

576

604

Pa ance at Coral ûaõles

561

VALENCIA AVE.

63

Remittance Options:

PFM Management Services LLC
PO Box 69751
Baltimore, MD 21264-9751 United States of America

RE:

District Management Fee: April 2026

Professional Fees
Total Amount Due

$3,125.00
$3,125.00

1

of

1

Via Mail: 

Company Address:

PO Box 69751
Baltimore, MD 21264-9751
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD

c/o PFM Management Services District Acct Dept.
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

April 5, 2026

DM-04-2026-59

Payment Terms

Due Date

Upon Receipt

April 5, 2026

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

INVOICE
BILL TO
Palace at Coral Gables CDD 3501 Quadrangle Boulevard,
Suite 270, Orlando, FL 32817

INVOICE # 8419
DATE 04/01/2026
DUE DATE 04/01/2026
TERMS Due on receipt

Web Maintenance:ADA Website
Maintenance
Ongoing website maintenance for ADA and WCAG Compliance

1

125.00

125.00

BALANCE DUE

$125.00

Please make check payable to VGlobalTech.

Ways to pay

View and pay

DATE	ACTIVITY	QTY	RATE	AMOUNT

PALACE AT CORAL GABLES
C O M M U N I T Y D E V E L O P M E N T D I S T R I C T

Funding Request # 189
5/30/2026

198582

Billing Cochran, P.A. (PALACE)

04/30/2026

Palace at Coral Gables

742.50

DM-05-2026-56

PFM Management Services LLC (PALACE)

05/05/2026

Palace at Coral Gables

3,125.00

8500

VGlobalTech (PALACE)

05/01/2026

Palace at Coral Gables

125.00
4,006.53

Total:

Oscar Roiz
The Palace Management Group LLC 11355 SW 84th Street
Miami, FL 33173
TEL.: 305-270-7010
Oscar@thepalaceus.com

OE-EXP-05-2026-47	PFM Management Services LLC	05/06/2026	Palace at Coral Gables	0.74
(PALACE)

OE-EXP-04-2026-29	PFM Group Consulting LLC (PALACE)	04/06/2026	Palace at Coral Gables	13.29

Invoice No	Supplier	Invoice Date Property		Invoice Amount

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301 (954) 764-7150

Page: 1 04/30/2026
948-08240M
198582

PALACE AT CORAL GABLES CDD PFM GROUP CONSULTING LLC
3501 QUADRANGLE BLVD., SUITE 270
ORLANDO FL 32817

Account No: Statement No:

Attn: JENNIFER WALDEN

PALACE AT CORAL GABLES CDD

Fees

Hours

04/16/2026
GAF

RECEIPT AND REVIEW CORRESPONDENCE FROM DISTRICT MANAGER
RECEIPT AND REVIEW OF AGENDA PACKAGE FOR 4/23/26 MEETING OF BOARD OF SUPERVISORS

0.20

GAF

0.50

04/21/2026
GAF

REVIEW DISTRICT FILES; REVIEW MINUTES OF OCTOBER 23, 2025 MEETING OF THE BOARD OF SUPERVISORS

0.40

04/23/2026
GAF

PREPARE FOR, TRAVEL, AND ATTEND BOARD OF SUPERVISORS MEETING

1.50

04/24/2026
GAF

RECEIPT AND REVIEW OF CORRESPONDENCE FROM KWAME JACKSON WITH ATTACHMENT

0.30

04/28/2026
GAF

CORRESPONDENCE TO KWAME JACKSON AND JANE GAARLANDT

0.20

04/30/2026
GAF

RECEIPT AND REVIEW OF CORRESPONDENCE FROM KWAME JACKSON AND REPLY THERETO
For Current Services Rendered

0.20
3.30

742.50

Recapitulation

Timekeeper
GABRIELLA A. FERNANDEZ

Title

Hours 3.30

 Rate
$225.00

 Total
$742.50

ASSOCIATES

Previous Balance

$1,000.00

Page: 2 04/30/2026
948-08240M
198582

PALACE AT CORAL GABLES CDD

Account No: Statement No:

PALACE AT CORAL GABLES CDD

Total Current Work

742.50

Balance Due

$1,742.50

PLEASE MAKE CHECKS PAYABLE TO BILLING COCHRAN, P.A.
PLEASE RETURN ONE COPY OF THIS STATEMENT WITH YOUR PAYMENT IRS NO. 59-1756046

Remittance Options:

PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

RE:

March 2026 FedEx $13.29

Expenses
Total Amount Due

$13.29
$13.29

1

of

1

Via Mail: 

Company Address:

1735 Market Street 42nd Floor Philadelphia, PA 19103
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Group Consulting District Accounting Department
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date	Invoice Number

April 6, 2026

OE-EXP-04-2026-29

Payment Terms	Due Date

Upon Receipt

April 6, 2026

Remittance Options:

PFM Management Services LLC
PO Box 69751
Baltimore, MD 21264-9751 United States of America

RE:

District Management Fee:May 2026

Professional Fees
Total Amount Due

$3,125.00
$3,125.00

1

of

1

Via Mail: 

Company Address:

PO Box 69751
Baltimore, MD 21264-9751
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Management Services Dist. Acct. Dept. 3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

May 5, 2026

DM-05-2026-56

Payment Terms

Due Date

Upon Receipt

May 5, 2026

Remittance Options:

PFM Management Services LLC
PO Box 69751
Baltimore, MD 21264-9751 United States of America

RE:

April 2026 Postage $0.74

Expenses
Total Amount Due

$0.74
$.74

1

of

1

Via Mail: 

Company Address:

PO Box 69751
Baltimore, MD 21264-9751
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Management Services District Accounting Dept.
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

May 6, 2026

OE-EXP-05-2026-47

Payment Terms

Due Date

Upon Receipt

May 6, 2026

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

INVOICE
BILL TO
Palace at Coral Gables CDD 3501 Quadrangle Boulevard,
Suite 270, Orlando, FL 32817

INVOICE # 8500
DATE 05/01/2026
DUE DATE 05/01/2026
TERMS Due on receipt

Web Maintenance:ADA Website
Maintenance
Ongoing website maintenance for ADA and WCAG Compliance

1

125.00

125.00

BALANCE DUE

$125.00

Please make check payable to VGlobalTech.

Ways to pay

View and pay

DATE	ACTIVITY	QTY	RATE	AMOUNT

PALACE AT CORAL GABLES
C O M M U N I T Y D E V E L O P M E N T D I S T R I C T

Funding Request # 190
6/30/2026

199101

Billing Cochran, P.A. (PALACE)

05/31/2026

Palace at Coral Gables

500.00

142381

PFM Management Services LLC (PALACE)

06/04/2026

Palace at Coral Gables

505.41

8590

VGlobalTech (PALACE)

06/01/2026

Palace at Coral Gables

125.00
5,017.66

Total:

Oscar Roiz
The Palace Management Group LLC 11355 SW 84th Street
Miami, FL 33173
TEL.: 305-270-7010
Oscar@thepalaceus.com

DM-06-2026-56	PFM Management Services LLC	06/05/2026	Palace at Coral Gables	3,125.00 (PALACE)

142358	PFM Group Consulting LLC (PALACE)	06/04/2026	Palace at Coral Gables	762.25

Invoice No	Supplier	Invoice Date Property		Invoice Amount

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301 (954) 764-7150

Page: 1 05/31/2026
948-08240M
199101

PALACE AT CORAL GABLES CDD PFM GROUP CONSULTING LLC
3501 QUADRANGLE BLVD., SUITE 270
ORLANDO FL 32817

Account No: Statement No:

Attn: JENNIFER WALDEN

PALACE AT CORAL GABLES CDD

Fees

Monthly minimum billing for general/routine legal services provided for in CDD Engagement Letter, including, but not limited to:
Communications with District Manager and District Staff re: routine operations of the CDD; Communications with State and local government agencies re: CDD matters, requests for information, audits, etc.; Update and maintain CDD records, notices, filings, etc.; Review
miscellaneous correspondence re: CDD; Scheduling matters involving the CDD and Agendas re: Meetings of Board of Supervisors; Monitoring litigation matters, receiving and processing all notices, service of process, etc., as Registered Agent of the CDD; Reviewing and reporting upon changes in legislation and regulatory measures affecting the CDD

For Current Services Rendered

500.00

Previous Balance

$1,742.50

Total Current Work

500.00

Balance Due

$2,242.50

PLEASE MAKE CHECKS PAYABLE TO BILLING COCHRAN, P.A.
PLEASE RETURN ONE COPY OF THIS STATEMENT WITH YOUR PAYMENT IRS NO. 59-1756046

Remittance Options:

PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

RE:

Billable expenses.

Expenses
Total Amount Due

$762.25
$762.25

1

of

2

Via Mail: 

Company Address:

1735 Market Street 42nd Floor Philadelphia, PA 19103
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD c/o PFM Group Consulting
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

June 4, 2026

142358

Payment Terms

Due Date

Upon Receipt

June 4, 2026

Advertising

Jennifer Walden

03/30/26

$762.25
$762.25
$762.25

Advertising
Total Expenses:

2

of

2

Expense Supporting Detail
Category	Worker	Transaction Date	Amount Billed

Date

Invoice Number

June 4, 2026

142358

Payment Terms

Due Date

Upon Receipt

June 4, 2026

Jennifer Walden

From: Subject:

waldenj@pfm.com
FW: P-Card Payment - Palace at Coral Gables CDD Legal Ad ($762.25)

From: The Legals Adportal <orders@mcclatchy.com>
Sent: Monday, March 30, 2026 5:02 PM
To: Kwame Jackson <jacksonk@pfm.com>
Subject: Thank you for placing your order with us IPL0327254

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

THANK YOU for your ad submission!
This is your confirmation that your order has been submitted. Below are the details of your transaction. Please save this confirmation for your records.

All orders include a 7% service fee and credit card processing fee if applicable.. For any questions, please contact us directly by email: c3legals@mcclatchy.com.

1

Job	Schedule for ad number IPL03272540 Details	Sun Apr 12, 2026
Order Number:	Miami Herald Print Publication IPL0327254	All Zones
Classification:
Display Ad - Classified Section
Package: Display Ad Classified - Create Your Own
Base amount:
$739.84
Service fee:
$22.41
Type VISA
Discount:
-$0.00
Total payment:
$762.25
Payment Type: visa
Account Details
Kwame Jackson 3501
Quadrangle
Boulevard, Suite 270

2

Orlando, FL 32817
407-723-5946
jacksonk@pfm.c om
PFM Group Consulting LLC
Credit Card - visa
************9887

Remittance Options:

PFM Management Services LLC
PO Box 69751
Baltimore, MD 21264-9751 United States of America

RE:

Billable Expenses

Expenses
Total Amount Due

$505.41
$505.41

1

of

2

Via Mail: 

Company Address:

PO Box 69751
Baltimore, MD 21264-9751
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Management Services District Accounting Dept.
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

June 4, 2026

142381

Payment Terms

Due Date

Upon Receipt

June 4, 2026

Advertising

Jennifer Walden

05/11/26

$505.41
$505.41
$505.41

Advertising
Total Expenses:

2

of

2

Expense Supporting Detail
Category	Worker	Transaction Date	Amount Billed

Date

Invoice Number

June 4, 2026

142381

Payment Terms

Due Date

Upon Receipt

June 4, 2026

Jennifer Walden

From: Subject:

waldenj@pfm.com
FW: P-Card Payment - Legal Ad for Palace at Coral Gables CDD

From: The Legals Adportal <orders@mcclatchy.com>
Sent: Monday, May 11, 2026 8:55 AM
To: Kwame Jackson <jacksonk@pfm.com>
Subject: Thank you for placing your order with us IPL0339559

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

THANK YOU for your ad submission!
This is your confirmation that your order has been submitted. Below are the details of your transaction. Please save this confirmation for your records.

All orders include a 7% service fee and credit card processing fee if applicable.. For any questions, please contact us directly by email: c3legals@mcclatchy.com.

1

Job	Schedule for ad number IPL03395590 Details	Wed May 20, 2026
Order Number:	Miami Herald Print Publication IPL0339559	All Zones
Classification:
Legals & Public Notices
Package:
MIA - Legal Ads Base amount:
$490.45
Service fee:
$14.96
Type VISA
Discount:
-$0.00
Total payment:
$505.41
Payment Type: visa
Account Details
Kwame Jackson 3501
Quadrangle
Boulevard, Suite 270
Orlando, FL 32817
407-723-5946

2

jacksonk@pfm.c om
PFM Group Consulting LLC
Credit Card - visa
************9887

Remittance Options:

PFM Management Services LLC
PO Box 69751
Baltimore, MD 21264-9751 United States of America

RE:

District Management Fee:June 2026

Professional Fees
Total Amount Due

$3,125.00
$3,125.00

1

of

1

Via Mail: 

Company Address:

PO Box 69751
Baltimore, MD 21264-9751
+1 (215) 5676100

Bill To:

Palace At Coral Gables CDD
c/o PFM Management Services District Accounting Dept.
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817 United States of America

Date

Invoice Number

June 5, 2026

DM-06-2026-56

Payment Terms

Due Date

Upon Receipt

June 5, 2026

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

INVOICE
BILL TO
Palace at Coral Gables CDD 3501 Quadrangle Boulevard,
Suite 270, Orlando, FL 32817

INVOICE # 8590
DATE 06/01/2026
DUE DATE 06/01/2026
TERMS Due on receipt

Web Maintenance:ADA Website
Maintenance
Ongoing website maintenance for ADA and WCAG Compliance

1

125.00

125.00

BALANCE DUE

Please make check payable to VGlobalTech.

$125.00

Ways to pay

View and pay

DATE	ACTIVITY	QTY	RATE	AMOUNT

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Review of District’s Financial Position

Palace at Coral Gables CDD
May 2026 Financial Package

May 31, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Palace at Coral Gables Statement of Financial Position As of 5/31/2026

Debt Service Fund

Capital Projects Fund

Long-Term Debt Group

General Fund

Total

Assets

Current Assets
General Checking Account
Accounts Receivable - Due from Developer Debt Service Reserve Bond
Revenue Bond
Parking Revenue Bond
Total Current Assets

$11,895.58
11,877.94

$11,895.58 11,877.94
631,687.50
2,003.02
0.03

$631,687.50
2,003.02
0.03

$23,773.52

$633,690.55

$0.00

$0.00

$657,464.07

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$633,690.55
6,036,309.45

$633,690.55
6,036,309.45

$0.00

$0.00

$0.00

$6,670,000.00

$6,670,000.00

$23,773.52

$633,690.55

$0.00

$6,670,000.00

$7,327,464.07

Total Assets

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue
Total Current Liabilities

$11,877.94
11,877.94

$11,877.94
11,877.94

$23,755.88

$0.00

$0.00

$0.00

$23,755.88

Long Term Liabilities
Revenue Bonds Payable LongTerm
Total Long Term Liabilities

$6,670,000.00

$6,670,000.00

$0.00

$0.00

$0.00

$6,670,000.00

$6,670,000.00

Total Liabilities

$23,755.88

$0.00

$0.00

$6,670,000.00

$6,693,755.88

Net Assets
Net Assets - General Government
Current Year Net Assets - General Government

$5,386.38
(5,368.74)

$5,386.38
(5,368.74)

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$646,236.45
(12,545.90)

646,236.45
(12,545.90)

Net Assets, Unrestricted
Net Assets - General Government
Total Net Assets

$1,223,456.96
(1,223,456.96)

1,223,456.96
(1,223,456.96)

$17.64

$633,690.55

$0.00

$0.00

$633,708.19

Total Liabilities and Net Assets

$23,773.52

$633,690.55

$0.00

$6,670,000.00

$7,327,464.07

Page 1 of 3

Palace at Coral Gables Statement of Activities As of 5/31/2026

Debt Service Fund

Capital Projects Fund

Long-Term Debt Group

General Fund

Total

Revenues

Developer Contributions Off-Roll Assessments
Total Revenues

$40,080.04

$40,080.04
610,242.64

$610,242.64

$40,080.04

$610,242.64

$0.00

$0.00

$650,322.68

Expenses

D & O Insurance Trustee Services Management Disclosure District Counsel Audit
Tax Preparation Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Principal Payments Interest Payments
Total Expenses

$3,501.00 3,577.97
25,000.00
1,000.00
4,752.50
5,300.00
11.41
14.77
737.67
60.00
1,600.00
175.00

$3,501.00 3,577.97
25,000.00
1,000.00
4,752.50
5,300.00
11.41
14.77
737.67
60.00
1,600.00
175.00
260,000.00
376,562.50

$260,000.00
376,562.50

$45,730.32

$636,562.50

$0.00

$0.00

$682,292.82

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$281.54

$281.54
13,773.96

$13,773.96

$281.54

$13,773.96

$0.00

$0.00

$14,055.50

Change In Net Assets

($5,368.74)

($12,545.90)

$0.00

$0.00

($17,914.64)

Net Assets At Beginning Of Year

$5,386.38

$646,236.45

$0.00

$0.00

$651,622.83

Net Assets At End Of Year

$17.64

$633,690.55

$0.00

$0.00

$633,708.19

Page 2 of 3

Palace at Coral Gables
Budget to Actual
For The Month Ending 5/31/2026

Year To Date

FY 2026
Adopted Budget

Actual

Budget

Variance

Percentage

Revenues
Developer Contributions
Net Revenues

$

40,080.04

$

49,609.36

$

(9,529.32)

$

74,414.00

53.86%

$

40,080.04

$

49,609.36

$

(9,529.32)

$

74,414.00

53.86%

General & Administrative Expenses
D & O Insurance Trustee Services Management Engineering Disclosure District Counsel
Reamortization Schedule Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees
Total General & Administrative Expenses

$

3,501.00
3,577.97
25,000.00
- 1,000.00
4,752.50
- 5,300.00
- 11.41
- 14.77
- 737.67
60.00
- 1,600.00
175.00

$

2,422.64
3,333.36
25,000.00
66.64
666.64
10,000.00
166.64
3,686.64
333.36
10.00
333.36
100.00
23.36
1,333.36
166.64
33.36
1,800.00
133.36

$

1,078.36
244.61
- (66.64)
333.36
(5,247.50)
(166.64)
1,613.36
(333.36)
1.41
(333.36)
(85.23)
(23.36)
(595.69)
(106.64)
(33.36)
(200.00)
41.64

$

3,634.00
5,000.00
37,500.00
100.00
1,000.00
15,000.00
250.00
5,530.00
500.00
15.00
500.00
150.00
35.00
2,000.00
250.00
50.00
2,700.00
200.00

96.34%
71.56%
66.67%
0.00%
100.00%
31.68%
0.00%
95.84%
0.00%
76.07%
0.00%
9.85%
0.00%
36.88%
24.00%
0.00%
59.26%
87.50%

$

45,730.32

$

49,609.36

$

(3,879.04)

$

74,414.00

61.45%

Total Expenses

 $	45,730.32

 $	49,609.36

 $	(3,879.04)

  $	-

Income (Loss) from Operations

$

(5,650.28)

$

-

$

(5,650.28)

$

-

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$

281.54

$

-

$

281.54

$

-

$

281.54

$

-

$

281.54

$

-

Net Income (Loss)

$

(5,368.74)

$

-

$

(5,368.74)

$

-

Page 3 of 3