KEYS EDGE COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public Hearing
JULY 24, 2024
3:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.keysedgecdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT
Conference Room 1200 NW 4th Street
Homestead, Florida 33030
REGULAR BOARD MEETING & PUBLIC HEARING
July 24, 2024
3:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
June 6, 2024 Special Board Meeting and Public Hearing…	Page 2
Public Hearing
Proof of Publication	Page 7
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-09 – Adopting a Fiscal Year 2024/2025 Final Budget	Page 8
Old Business
Staff Report, as Required
New Business
Discussion Regarding Developer’s Funding Agreement	Page 14
Consider Resolution No. 2024-10 – Adopting a Fiscal Year 2024/2025 Meeting Schedule	Page 21
Order to Show Cause Setting Final Bond Validation Hearing for August 22, 2024 at 11:30 a.m	Page 23
Administrative & Operational Matters
Staff Report, as Required
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, of Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in a newspaper by print in the issues of Miami Daily Business Review f/1</a Miami Review on

10/13/2023

Affiant further says that the newspaper complies with all legal	for  publication  in  chapter	50,  Florida
Swo to and subscribed before me this

13  dayo  OCTOBER,A.D.2023

GUILLERMO GARCIA personally known to me

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING & PUBLIC HEARINGS JUNE 6, 2024

CALL TO ORDER

District Manager Nancy Nguyen called the June 6, 2024, Special Board Meeting of Keys Edge Community Development District (the “District”) to order at 10:30 a.m. in the Hampton Inn & Suites, 1st Floor Board Room (Reef I) located at 1200 NW 4th Street, Homestead, Florida 33030.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Special Board Meeting had been published in the Miami Herald on May 7, 2024, May 14, 2024, May 21, 2024, and May 28, 2024, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Vice Chairwoman Alicia Ale, and Supervisors Miriam Lopez and Jose Iglesias constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Managers Nancy Nguyen and Armando Silva (who arrived at 10:43 a.m.) of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

Also in attendance were Adam and Jennifer Weich of Miami, Florida.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
May 21, 2024, Special Board Meeting

Ms. Nguyen presented the minutes of the May 21, 2024, Special Board Meeting and asked if there were any changes and/or corrections.

There being no changes, a motion was made by Ms. Lopez, seconded by Ms. Ale and unanimously passed approving the minutes of the May 21, 2024, Special Board Meeting, as presented.

NOTE: At approximately 10:32 a.m., Ms. Nguyen recessed the Special Meeting and simultaneously opened the Uniform Method of Collection Public Hearing.

PUBLIC HEARING – UNIFORM METHOD OF COLLECTION
Page 1 of 5

Proof of Publication

Ms. Nguyen presented proof of publication that notice of the Uniform Method of Collection Public Hearing had been published in the Miami Herald on May 7, 2024, May 14, 2024, May 21, 2024, and
May 28, 2024, as legally required.

Receive Public Comments on the Use of the Uniform Method of Collection

Ms. Nguyen opened the public comment portion of the Public Hearing to receive comments on the use of the uniform method of collection.

Mr. and Mrs. Weich stated that they had received a Notice to Owner, and they explained that they wanted to receive more information on what the letter was conveying and the process.

Ms. Wald explained that in addition to the letter they received, they also received a copy of the District’s Master Special Assessment Methodology Report (the “Methodology Report”). She further explained that the Methodology Report reflects that there will be a total of 789 units in the development once the development has been completed. Ms. Wald continued that the Methodology Report also provides tables reflecting the amount that is projected to be issued for bonds, the allocation of the debt to the types of units, and the allocation of the debt to each unit individually based on unit type. Ms. Wald explained that the amounts reflected in the Methodology Report were the maximum amounts that can be allocated to the units. She further explained that although the Methodology Report reflects a maximum amount, they will find that in the documents that they received during their closing, they will see a different and lower maximum amount. That lower amount that they received during their closing is the maximum that they will be assessed and anything higher than that will be the developer’s responsibility. This meeting's purpose is to receive comments from the public on how the process works, the amounts being allocated and why they are being allocated that way.

Mr. and Mrs. Weich thanked Ms. Wald for the information.
There being no additional comments, Ms. Nguyen closed the public comment portion of the Uniform Method of Collection Public Hearing.
Consider Resolution No. 2024-07 – Intent Adopting the Uniform Method of Collection of Non-Ad Valorem Assessments Pursuant to Chapter 197, Florida Statutes
Ms. Nguyen presented Resolution No. 2024-07, entitled:
RESOLUTION NO. 2024-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE USE OF THE UNIFORM METHOD FOR THE LEVY, COLLECTION AND ENFORCEMENT OF NON-AD VALOREM ASSESSMENTS, PERMITTED BY SECTION 197.3632, FLORIDA STATUTES; EXPRESSING THE NEED FOR THE LEVY OF NON-AD VALOREM ASSESSMENTS AND SETTING FORTH THE LEGAL DESCRIPTION OF THE REAL PROPERTY WITHIN THE DISTRICT'S JURISDICTIONAL BOUNDARIES THAT
Page 2 of 5

MAY OR SHALL BE SUBJECT TO THE LEVY OF DISTRICT NON-AD VALOREM ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen stated that the Board had previously authorized, by adoption of Resolution No. 2024-04, the intent to use the uniform method of collection, levy and enforce non-ad valorem assessments, pursuant to Section 197.3632, Florida Statutes. The District properly noticed the intent to levy non- ad valorem assessments for the District and this Public Hearing was advertised, as legally required. Resolution No. 2024-07 will authorize the use of the uniform method of collection.

A motion was made by Ms. Ale, seconded by Ms. Lopez and unanimously passed to approve and adopt Resolution No. 2024-07, as presented, thereby authorizing use of the uniform method of collection, levy and enforcement of non-ad valorem assessments.

NOTE: At approximately 10:37 a.m., Ms. Nguyen closed the Uniform Method of Collection Public Hearing and simultaneously opened the Levy of Non-Ad Valorem Special Assessments Public Hearing.

PUBLIC HEARING – LEVY OF NON-AD VALOREM ASSESSMENTS
Proof of Publication

Ms. Nguyen presented proof of publication that notice of the Levy of Non-Ad Valorem Special Assessments Public Hearing had been published in the Miami Herald on May 21, 2024, and May 28, 2024, as legally required.

Receive Public Comments on the Levying of Non-Ad Valorem Special Assessments

Ms. Nguyen asked if there were any comments from the public as to the proprietary and advisability of the planned improvements and funding the same or a portion thereof with the levy of special assessments on all assessable property within the District. There being no comments from members of the public, Ms. Nguyen closed the public comments portion of the Public Hearing on the levy of non-ad valorem special assessments.

Consider Approval of the Project and Levying of Non-Ad Valorem Special Assessments
Ms. Nguyen stated that the Board had previously intended to approve the public infrastructure improvements within the District and levy special assessment to pay for the Project improvements, as described in the Engineer’s Report dated and accepted by the Board on April 29, 2024, as may be further revised; and as outlined in the Master Special Assessment Methodology Report dated and accepted by the Board on April 29, 2024, as may be further revised. Furthermore, Ms. Nguyen indicated that it would be in order for the Board to make a motion approving the Project, as outlined in the Engineer’s Report and to provide for the levying of special assessments to pay for the Project improvements, as outlined in the Master Special Assessment Methodology Report. A discussion ensued, after which:

A motion was made by Ms. Lopez, seconded by Ms. Ale and unanimously passed approving the Keys Edge Community Development District Project and the Levying of Non-Ad Valorem Special Assessments on all assessable land withing the District.

Page 3 of 5

Consider Adjusting and Equalizing of Non-Ad Valorem Special Assessment Based on Comments from the Public

Ms. Nguyen announced, for the record, that the Board would sit as the Equalization Board acting on the fairness and apportionment of the proposed special assessments to pay for the Project improvements. This Equalization Board will hear and consider any and all complaints and/or concerns regarding the special assessments and adjust and equalize the special assessments on a basis of just and right.

Ms. Nguyen asked if there were any comments from members of the public. There being no comments regarding the special assessments, Ms. Nguyen called for a motion to confirm the fairness, equity and apportionment of the proposed special assessments for the Project within the District.

A motion was made by Ms. Ale, seconded by Mr. Iglesias and unanimously passed approving the fairness of the equity and apportionment of the proposed special assessments to pay for the Project within the District and as such the special assessments are hereby confirmed. Ms. Nguyen proceeded and closed the meeting of the Equalization Board.

Consider Resolution No. 2024-08 – Authorizes the Project, the Intent to Levy Non-Ad Valorem Special Assessments; Intent to Utilize Chapter 197, Florida Statutes for the Levy, Collection, and the Enforcement of Non-Ad Valorem Assessments; and the Adoption of a Final Assessment Roll, Pursuant to Chapters 170 and 190, Florida Statutes.

Ms. Nguyen presented Resolution No. 2028-8, entitled:

RESOLUTION NO. 2024-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT SYSTEMS, FACILITIES, SERVICES AND RELATED INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, IMPOSING AND LEVYING CERTAIN NON-AD VALOREM SPECIAL ASSESSMENTS ON CERTAIN LANDS WITHIN THE DISTRICT SPECIALLY BENEFITTED BY SUCH IMPROVEMENTS, TO PAY A PORTION OF THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHOD PROVIDED FOR BY CHAPTERS 170 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT’S INTENTION TO ISSUE SPECIAL ASSESSMENT BONDS; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

Ms. Nguyen made available at the meeting copies of the resolution’s Exhibits A, B, and C. In addition, Ms. Nguyen explained that Resolution No. 2024-08 summarizes the Board's authority to approve the public infrastructure improvements for the Project lying within the District, the intent to issue bonds for the financing of all or a portion of the District’s Project, equalizing, approving, confirming, and
Page 4 of 5

levying the non-ad valorem special assessments, payment of the non-ad valorem special assessments and the method of collection for the non-ad valorem special related to all assessable lands within the District and benefitting from the Project; and it would be in order to consider and approve Resolution No. 2024-08.

A motion was made by Ms. Ale, seconded by Ms. Lopez and unanimously passed approving and adopting Resolution No. 2024-08, as presented, thereby approving the Project; and the intent to issue bonds to finance all or a portion of the public improvements for the Project; and equalizing, confirming, and levying of non-ad valorem special assessments; and the payment and method of collection of the non-ad valorem special assessments.

NOTE: At approximately 10:55 a.m., Ms. Nguyen closed the Levy of Non-Ad Valorem Special Assessments Public Hearing and simultaneously reconvened the Special Meeting.

OLD BUSINESS

There was no old business to discuss at this time.

NEW BUSINESS

There was no new business to discuss at this time.

ADMINISTRATIVE & OPERATIONAL MATTERS
Staff Report, as Required

There was no staff report at this time.

BOARD MEMBER & STAFF CLOSING COMMENTS

There were no Boar Member closing comments at this time.
Ms. Nguyen asked if there were any comments from members of the public. There were no comments from members of the public.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Ms. Ale, seconded by Mr. Iglesias and unanimously passed adjourning the Special Board Meeting at approximately 10:56 a.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Page 5 of 5

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
141487	568649	Print Legal Ad-IPL01811160 - IPL0181116		$1,314.03	2	45 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Keys Edge Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 c/o Special District Services, Inc.

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 2 insertion(s) published on:
07/03/24, 07/10/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 10th day of July in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

RESOLUTION NO. 2024-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2024/2025 FINAL BUDGET PURSUANT TO CHAPTER 190, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Keys Edge Community Development District (the “District”) has prepared a Proposed Operating Fund Budget for Fiscal Year 2024/2025, and the Board is empowered to provide a funding source to operate the District and to impose special assessments upon the properties within the District, as required; and

WHEREAS, the District has held a duly advertised Public Hearing to receive public comments on the Proposed Operating Fund Budget, has considered and adopted the Fiscal Year 2024/2025 Operating Fund Budget; and is now authorized to levy non-ad valorem assessments upon the assessable properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Operating Fund Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is accepted, approved and adopted by the Board.

Section 2.  The Secretary and/or Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 24th day of July, 2024.

ATTEST:	KEYS EDGE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Keys Edge Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	0	
Maintenance Assessments	0	
Developer Contribution	291,275	
Debt Assessments	0	
Interest Income	120	
		
TOTAL REVENUES	$	291,395	
		
EXPENDITURES		
Maintenance Expenditures		
Engineering	5,000	
Street/Roadway Maintenance/Signage	3,000	
Common Area Maintenance (Alba & Aurora)	24,000	
Entry Feature Maintenance	12,000	
Maintenance Contingency	64,945	
TOTAL MAINTENANCE EXPENDITURES	$	108,945	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,100	
Legal	20,000	
Assessment Roll	10,000	
Audit Fees	4,200	
Arbitrage Rebate Fee	0	
Insurance	8,000	
Legal Advertisements	35,000	
Miscellaneous	1,500	
Postage	1,500	
Office Supplies	750	
Dues & Subscriptions	175	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Administrative Contingency	67,725	
TOTAL ADMINISTRATIVE EXPENDITURES	$	182,450	
		
TOTAL EXPENDITURES	$	291,395	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

Notes: Legal Advertising Costs Will Increase Due To Closing Of Miami Business Review.

DETAILED FINAL BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
Administrative Assessments	0	0	0	Expenditures Less Interest /.94	
Maintenance Assessments	0	0	0	Expenditures /.94	
Developer Contribution	64,065	109,925	291,275	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	480	0	120	Interest Projected At $10 Per Month	
					
TOTAL REVENUES	$	64,545	$	109,925	$	291,395		
					
EXPENDITURES					
Maintenance Expenditures					
Engineering	0	5,000	5,000	No Change From 2023/2024 Budget	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2023/2024 Budget	
Common Area Maintenance (Alba & Aurora)	0	18,000	24,000	For Alba And Aurora Units	
Entry Feature Maintenance	0	12,000	12,000	No Change From 2023/2024 Budget	
Maintenance Contingency	0	2,500	64,945	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	-	$	40,500	$	108,945		
					
Administrative Expenditures					
Supervisor Fees	0	0	0	Typically Non-Applicable First Few Years	
Management	26,100	26,100	26,100	No Change From 2023/2024 Budget	
Legal	6,065	13,000	20,000	Legal Fees	
Assessment Roll	0	10,000	10,000	Billed First Year District Is On Tax Roll	
Audit Fees	3,000	4,100	4,200	Fee Will Be Higher Upon Bond Issuance	
Arbitrage Rebate Fee	0	0	0	Will Commence In First Year After Bond Issue	
Insurance	6,287	8,000	8,000	Insurance Estimate	
Legal Advertisements	511	3,500	35,000	Higher First Few Years Due To More Required Advertising	
Miscellaneous	609	1,500	1,500	No Change From 2023/2024 Budget	
Postage	161	300	1,500	$1,200 Increase From 2023/2024 Budget	
Office Supplies	190	750	750	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	Annual Dues Paid To Department Of Economic Opportunity	
Trustee Fees	0	0	4,500	Will Commence In First Year After Bond Issue	
Continuing Disclosure Fee	0	0	1,000	Will Commence In First Year After Bond Issue	
Website Management	2,000	2,000	2,000	Website Management	
Administrative Contingency	0	0	67,725	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	45,098	$	69,425	$	182,450		
					
TOTAL EXPENDITURES	$	45,098	$	109,925	$	291,395		
					
REVENUES LESS EXPENDITURES	$	19,447	$	-	$	-		
					
Bond Payments	0	0	0	2025 P & I Payments Less Earned Interest	
					
BALANCE	$	19,447	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	0	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	19,447	$	-	$	-		

Notes: Legal Advertising Costs Will Increase Due To Closing Of Miami Business Review.

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year
2023/2024	2024/2025
	Assessment*	  Projected Assessment* 

Administrative For Townhomes	$
Maintenance For Townhomes	$

-	$	-
-	$	-

Debt For Townhomes

 $	-	

 $	-	

Total For Townhomes	$	-	$	-

Administrative For Single Family	$
Maintenance For Single Family	$

-	$	-
-	$	-

Debt For Single Family

 $	-	

 $	-	

Total For Single Family	$	-	$	-

District Will Not Be On Assessment Roll In 2024/2025.
If District was on Roll, O&M Assessment would be $691.49 per unit (Administrative: $276.08 - Maintenance: $415.41).

* Assessments Include the Following:	O&M Covenant = 691.49
4% Discount for Early Payments	650.00/.94 = 691.49 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information Platted Lots
Townhomes: 137 Alba Units Single Family: 142 Aurora Units  Total: 279 Units

DEVELOPER'S FUNDING AGREEMENT
(Fiscal Year 2024-2025)

This Agreement is made and entered into this 24th day of July, 2024 (the "Effective Date"), by and between:

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special purpose government established pursuant to Chapter 190, Florida Statutes, being situated in Florida City, Miami-Dade County, Florida, and whose mailing address is 2501A Burns Road, Palm Beach Gardens, Florida 33410 (the "District"); and

ONX-ODAGLED GRAND PALMS II, LLC, a Delaware limited liability company, registered to do business in the state of Florida, and ONX-ODAGLED GRAND PALMS, LLC, a Delaware limited liability company, registered to do business in Florida, collectively the primary developer of lands within the boundaries of the District, whose address is 1200 NW 4th Street, Homestead, Florida 33030, and their respective successors, successors-in-title, and assigns (collectively the "Developer").

RECITALS

WHEREAS, the Developer owns or controls lands within the District; 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 certain water distribution and sanitary sewer collection and transmission systems and facilities, a stormwater management system, roads and roadway improvements, and related improvements, all as such services, facilities, and improvements are more specifically described in the plans and specifications on file at the offices of the District (collectively referred to hereafter as "Improvements"); and

WHEREAS, the Developer recognizes that in the District's discharging of said duties and responsibilities, certain benefits will accrue to the land; 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 Board of Supervisors as governing body of the District (herein the "Budget"), which is attached and made a part hereof as Exhibit "A", as such Budget may be amended from time to time for the fiscal year that it covers; and

WHEREAS, the Developer agrees and acknowledges that this Agreement shall be binding upon its heirs, executors, receivers, trustees, 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:

The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Agreement.

Developer agrees to make available to the District the moneys necessary for the operation of the District during all or a portion of the fiscal year as called for in the Budget, quarterly, within fifteen (15) days of written request by the District. The funds shall be placed in the District's general checking account. These payments are made in lieu of taxes, fees or assessments that might otherwise be levied or imposed by the District.

The parties hereto recognize that payments not part of the Budget may be made by the Developer to the District, or on behalf of the District, in connection with the Improvements set forth in the report of the District Engineer which are to be financed with the special assessment bonds, in one or more series (the "Bonds") and as such, the payments may be considered to be reimbursable advances. The District agrees to use best efforts such that upon the issuance of its Bonds that there will be included an amount sufficient to repay the Developer for the payments advanced to the District by the Developer prior to the issuance of the Bonds in accordance with this Agreement and in connection with the cost of the Improvements. Such repayment shall be made within a reasonable period of time following the issuance of the Bonds. The parties further agree that any repayments will not include any interest charge.

Developer shall make available to the District the moneys necessary for any and all maintenance, repair, reconstruction, and replacement of the District's Improvements arising during the fiscal year covered by the Budget, as set forth in the Budget, as such Budget may be amended from time to time.

This instrument 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.
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.

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 property owned by the Developer.

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.

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.

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

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 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.

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.

The rights and obligations created by this Agreement shall be binding upon and inure to the benefit of Developer and District, their heirs, executors, receivers, trustees, successors and assigns.
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.

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.

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:	KEYS EDGE COMMUNITY
DEVELOPMENT DISTRICT

By: 	

Secretary/Assistant Secretary	Chair/Vice Chair

STATE OF FLORIDA	} COUNTY OF MIAMI-DADE  }

The foregoing instrument was acknowledged before me by means of [  ] physical presence or  [   ]  online  notarization,  this       day  of 	,  2024,  by
	, as Chairperson/Vice Chairperson of the Board of Supervisors for KEYS EDGE 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.

Notary Public:
Print Name: 	 My commission expires: 	

ONX-ODAGLED  GRAND  PALMS  II,
LLC, a Delaware limited liability company, Authorized to do business in the State of Florida

Witness:

By:	  Print Name:	

Print Name	Title: 	
	 day of 	, 2024.

STATE OF FLORIDA	}
}SS: COUNTY OF MIAMI-DADE	}

The foregoing instrument was acknowledged before me by means of [  ] physical presence or  [  ]  online  notarization,  this   day  of 		, 2024, by	, as 	 of ONX- ODAGLED GRAND PALMS II, LLC, a Delaware limited liability company, authorized to do business in the State of Florida, who is personally known and/or produced 			 as identification.

Notary Public:
Print Name: 	 My commission expires: 	

ONX-ODAGLED GRAND PALMS, LLC,
a Delaware limited liability company, Authorized to do business in the State of Florida

Witness:

By:	  Print Name:	

Print Name	Title: 	
	 day of 	, 2024.

STATE OF FLORIDA	}
}SS: COUNTY OF MIAMI-DADE	}

The foregoing instrument was acknowledged before me by means of [  ] physical presence or  [  ]  online  notarization,  this   day  of 		, 2024, by	, as 	 of ONX- ODAGLED GRAND PALMS, LLC, a Delaware limited liability company, authorized to do business in the State of Florida, who is personally known and/or produced 			 as identification.

Notary Public:
Print Name: 	 My commission expires: 	

Exhibit A - Budget (FY 2024/2025)

RESOLUTION NO. 2024-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Keys Edge Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors (the “Board”) of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted by the Board.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized by the Board to be published.
PASSED, ADOPTED and EFFECTIVE this 24th day of July, 2024.

ATTEST:	KEYS EDGE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Keys Edge Community Development District (the “District”) will hold Regular Meetings in the Conference Room located at 1200 NW 4th Street, Homestead, Florida 33030 at 3:00 p.m. on the following dates:

October 23, 2024
November 20, 2024
January 22, 2025
February 26, 2025
March 26, 2025
April 23, 2025
May 28, 2025
June 25, 2025
July 23, 2025
August 27, 2025
September 24, 2025

The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877- 737-4922, prior to the date of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time with no advertised notice.
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT
www.keysedgecdd.org
PUBLISH: MIAMI DAILY BUSINESS REVIEW 10/08/24

Filing # 201048302 E-Filed 06/21/2024 09:39:32 AM

IN THE CIRCUIT COURT OF THE ELEVENTH JUDICIAL CIRCUIT IN AND FOR MIAMI-DADE COUNTY, FLORIDA

CASE NO: 2024-008592-CA-01 SECTION: CA07
JUDGE: Daryl E. Trawick

Keys Edge Community Development District
Plaintiff(s) vs.
State of Florida (The)
Defendant(s)
/

ORDER TO SHOW CAUSE
TO: The State of Florida and the several taxpayers, property owners and citizens of Keys Edge Community Development District, including non-residents owning property or subject to taxation therein, and others having or claiming any right, title or interest in property to be affected by the issuance of Keys Edge Community Development District Special Assessment Bonds or to be affected in any way thereby:

The above cause comes to be heard upon the Complaint filed herein by Keys Edge Community Development District (the “District”) located within the municipal boundaries of the City of Florida City within Miami-Dade County, State of Florida, seeking to determine the authority of said District to issue its Keys Edge Community Development District Special Assessment Bonds, in one or more series, in an aggregate principal amount not to exceed
$33,500,000 (the “Bonds”), to determine the legality of the proceedings had and taken in connection therewith, and the legality of the provisions, covenants and agreements therein contained, and seeking a judgment of this Court that: (a) the District has power to issue the Bonds and to incur the bonded debt as set forth in the Complaint and has properly approved the issuance of the Bonds; (b) the proceedings essential to the Bonds, the Special Assessments (as defined in the Complaint) pledged for the payment of the principal of, redemption premium, if any, and interest on the Bonds, and the Bond Resolution (as such term is defined in the Complaint) are valid and in conformity with law; (c) upon due issuance of the Bonds in conformance with the Bond Resolution

and the Indenture (as defined in the Complaint), the Bonds will constitute valid and binding obligations of the District and will be enforceable by their terms as established by the Bond Resolution and the Indenture; (d) the District has the power to plan, finance, acquire, construct, reconstruct, equip and install, in one or more stages, the Project (as defined in the Complaint); (e) the District has the power and authority pursuant to the Act to carry out the covenants and obligations of the District under the Indenture; and that (f) this Court grant such other relief as is just and appropriate. The aforesaid Complaint having been presented to this Court, and this Court being fully advised in the premises:
IT IS ORDERED AND ADJUDGED that the State of Florida, through the Office of the Attorney General, and the several taxpayers, property owners and citizens of the Keys Edge Community Development District, including non-residents owning property or subject to taxation therein, and others having or claiming any right, title or interest in property to be affected by the issuance of the Bonds or to be affected in any way thereby, be and they are each required to show cause, if any there be, before the Honorable Daryl E. Trawick, Circuit Court Judge, at an evidentiary final hearing to be held in-person on the 22nd day of August, 2024 at 11:30 o'clock A.M. at the Miami-Dade County Courthouse, 73 West Flagler Street, Courtroom/Room DCC 1001, Miami, Florida 33130, why said Complaint should not be granted and a final judgment entered by this Court as prayed for in said Complaint.

AND IT IS FURTHER ORDERED AND ADJUDGED, that the Clerk of this Court or Plaintiff, be and is hereby required to give notice of such hearing by publishing a copy of this Order in a newspaper of general circulation in Miami-Dade County, Florida, once each week for two (2) consecutive weeks prior to said hearing, the first publication to be at least twenty (20) days prior to said hearing date.
AND IT IS FURTHER ORDERED AND ADJUDGED, that by such publication of

this Order, the State of Florida, and the several taxpayers, property owners and citizens of Keys Edge Community Development District, including non-residents owning property or subject to taxation therein, and others having or claiming any right, title or interest in the Keys Edge Community Development District, or any taxable, assessable or affected property therein or to be affected in any way thereby, shall be and are made party defendants to this proceeding, and that this Court shall have jurisdiction of them to the same extent as if specifically and personally named as defendants in said Complaint and personally served with process in this cause.
DONE and ORDERED in Chambers at Miami-Dade County, Florida on this 21st day of June, 2024.

2024-008592-CA-01 06-21-2024 9:23 AM
Hon. Daryl E. Trawick
CIRCUIT COURT JUDGE
Electronically Signed

No Further Judicial Action Required on THIS MOTION
CLERK TO RECLOSE CASE IF POST JUDGMENT

If you are a person with a disability who needs any accommodation in order to participate in this proceeding, you are entitled, at no cost to you, to the provision of certain assistance. Please contact Aliean Simpkins, the Eleventh Judicial Circuit Court's ADA Coordinator, Lawson E. Thomas Courthouse Center, 175 NW 1st Ave., Suite 2400, Miami, FL 33128, Telephone (305) 349-
7175; TDD (305) 349-7174, Fax (305) 349-7355, Email: ADA@jud11.flcourts.org at least seven (7) days before your scheduled court appearance, or immediately upon receiving this notification if the time before the scheduled appearance is less than seven (7) days; if you are hearing or voice impaired, call 711.
Electronically Served:
Christian Cruz, christian.cruz@myfloridalegal.com

Christine Zahralban, ChristineZahralban@miamisao.com Christine Zahralban, Eservice@miamiSAO.com
Christopher H. Baisden, christopher.baisden@myfloridalegal.com Christopher H. Baisden, christian.cruz@myfloridalegal.com Christopher H. Baisden, steven.holcomb@myfloridalegal.com Christopher Hunt, christopher.hunt@myfloridalegal.com Christopher Hunt, jamai.watson@myfloridalegal.com Christopher Hunt, Carmen.Oquendo@myfloridalegal.com
Jamai Watson, jamai.watson@myfloridalegal.com Michael J Pawelczyk, ftl-pleadings@bclmr.com Michael J Pawelczyk, lenishag@bclmr.com Michael J Pawelczyk, mpawelczyk@bclmr.com
Steven Holcomb, steven.holcomb@myfloridalegal.com

Physically Served: