Silverleaf
Community Development District
3501 Quadrangle Boulevard, Suite 270 | Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.silverleafcdd.com

The meeting of the Board of Supervisors for the Silverleaf Community Development District will be held Monday, February 2, 2026, at 1:00 p.m. at Parrish United Methodist Church located at 12180 US 301 N Parrish, FL 34219. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956	Passcode: 2538 286 6774

Join online: https://pfmcdd.webex.com/meet/ripollv BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters

Consideration of the Minutes of the January 5, 2026, Board of Supervisors Meeting
Update from Pond Professionals LLC
Update of Drainage on Deep Creek
Update on Crooked Creek Drainage
Discussion of Engineering Services
Lake Bank Erosion Repair Discussion
Review and Consideration of the Arbitrage Rebate Report, Series 2018 Engagement Letter with GNP Services
Ratification of Payment Authorization #s 253-254
Review of District Financial Statements
Other Business

Staff Reports
District Counsel
District Engineer
Update on Falling Leaf and Deep Creek
District Manager
Next Meeting March 2, 2026
Audience Comments
Supervisors Requests
Adjournment

Silverleaf
Community Development District

Consideration of the Minutes of the January 5, 2026, Board of Supervisors Meeting

MINUTES OF MEETING

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Monday, January 5, 2026, at 1:00 p.m. 3805 Shimmering Oaks Dr
Parrish, FL 34202

Board Members in attendance via conference call or in person:

Paul Gressin	Chairperson	(via phone)	
Lawrence Powell	Vice Chairperson	(via phone)	
Frank Davis	Assistant Secretary		
Timothy Abramski	Assistant Secretary		
Jonathan Decker	Assistant Secretary		

Also present via conference call or in person:

Venessa Ripoll
Gazmin Kerr	PFM Group Consulting LLC
PFM Group Consulting LLC	(via phone)	
Rick Montejano	PFM Group Consulting LLC	(via phone)	
Alan Rayl Andy Cohen	Rayl Engineering PCMF & J P.A.	(via phone)	
Various Residents in Audience and via Zoom

FIRST ORDER OF BUSINESS		Organizational Matters Call to Order and Roll Call
The Board of Supervisors Meeting for the Silverleaf Community Development District was called to order at 1:00 p.m. Ms. Ripoll proceeded with roll call and confirmed quorum. Those in attendance are outlined above.

Public Comment Period

There were no public comments at this time.

SECOND ORDER OF BUSINESS	General Business Matters Consideration of the Minutes of the
December 1, 2025, Board of Supervisors Meeting
The Board reviewed the minutes.

ON MOTION by Mr. Gressin, seconded by Mr. Powell, with all in favor, the Board approved the Minutes of the December 1, 2025, Board of Supervisors Meeting.

Update from Pond Professionals LLC
Ms. Ripoll noted that Pond Professionals has been working on various work orders and the HOA no-mow zones have been implemented.
Pond Professionals has requested to hold a community meeting to give updates. Ms. Ripoll will follow up with the HOA to invite the community.

This item will be kept on the agenda.

Update	on	Drainage	on	Deep Creek
Mr. Davis gave an update. He noted that area is still holding water.

It was noted two proposals have been received from ProGreen related to the street flooding issue.

Mr. Rayl is waiting on updated proposals for the Deep Creek issue, as the work was deferred due to budget. Once received, he will review the scope of work.
Mr. Davis reviewed the issue and noted an immediate fix is needed.

There was brief discussion regarding the proposals and costs. It was noted the problem at Deep Creek has been identified by the District Engineer.
Mr. Cohen recommended approving a not-to-exceed amount.

There was discussion regarding the scope of work and the issues at Deep Creek, the Publix Pond, and Crooked Creek. Mr. Rayl provided an overview. This scope of work would include regrading the swales and removing the blockage from the Publix Pond and U.S. Route 301.
It was noted the blockage should be addressed first. The re-grading will be a separate project.

ON MOTION by Mr. Gressin, seconded by Mr. Decker, with all in favor, the Board approved a not-to-exceed amount of $12,500.00 for the Drainage on Deep Creek.

There was brief discussion regarding the timing of the project. Mr. Rayl will proceed with surveying the area to prepare the scope of work by the end of next week.

Mr. Cohen noted the not-to-exceed amount includes the surveying and the contractor’s drainage work.
There was lengthy discussion regarding the cost, timing, and other projects related to this issue. Mr. Gressin recommended waiting until the first project is completed before proceeding with the vacuum truck. It was noted the vacuum truck should be a budgeted maintenance line item as it is needed every few years.

Discussion	of	Engineering Services
Ms. Ripoll noted there has been a reduction in the overall engineering services costs. This item will be kept on the agenda.

Lake	Bank	Erosion	Repair Discussion
It was noted this will be discussed at the next meeting and is related to two ponds.

Ms. Ripoll noted water was coming from the nearby residential dwelling and the resident is working on the issue.
This item will be kept on the agenda.

Consideration	of	Payment Authorization Nos. 249-252

The Board reviewed the payment authorizations.
Ms. Ripoll noted the District has received 92% of funding thus far.

ON MOTION by Mr. Powell, seconded by Mr. Abramski, with all in favor, the Board approved Payment Authorization Nos. 249 - 252.

Review	of	District	Financial Statements

Ms. Ripoll stated the financials are as of November 2025 and noted any questions can be directed to Mr. Montejano.
Ms. Ripoll noted these will be on the District’s website once approved.

ON MOTION by Mr. Powell, seconded by Mr. Gressin, with all in favor, the Board approved the District Financial Statements.

THIRD ORDER OF BUSINESS	Other Business	
	Staff Reports	
District Counsel- No report.		
District Engineer-
Update on Falling Leaf and Deep Creek	
Mr. Rayl will email an update. He noted that ZNS has had technical issues to resolve and once those are completed, the permit transfer will take place.

Mr. Rayl noted the vacuum truck would cost approximately
$5,000.00 a day to use.

ON MOTION by Mr. Gressin, seconded by Mr. Powell, with all in favor, the Board approved a not-to-exceed amount of $7,500.00 for a vacuum truck for Deep Creek drainage issues.

Ms. Ripoll noted that three proposals have been received for the drainage and debris clearing on Falling Leaf.

Mr. Davis gave an overview of the proposals. The Board reviewed the scope of work.
Ms. Ripoll will get a revised proposal from Harley’s Tree Service.

ON MOTION by Mr. Davis, seconded by Mr. Gressin, with all in favor, the Board approved the proposal from Harley’s Tree Service for $15,800.00.

There was brief discussion regarding the cost.

District Manager-
Next Meeting February 2, 2026
Ms. Ripoll noted the next Board meeting is February 2, 2026.

Supervisor	Requests	and Audience Comments.

A resident commented regarding the swale design and drainage.

There was brief discussion regarding the surveying by the District Engineer. Mr. Rayl noted the swale has been previously surveyed. He will get proposals for the re-grading and bring back for the Board’s review.
There were no other Supervisor requests or audience comments at this time.

FOURTH ORDER OF BUSINESS	Adjournment

ON MOTION by Mr. Gressin, seconded by Mr. Abramski, with all in favor, the January 5, 2026, Meeting of the Board of Supervisors of the Silverleaf Community Development District was adjourned at 1:48 p.m.

There were no additional comments from the Board. Ms. Ripoll called for a motion to adjourn.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Update from Pond Professionals LLC

Update of Drainage on Deep Creek

Update on Crooked Creek Drainage

Discussion of Engineering Services

Lake Bank Erosion Repair Discussion

Review and Consideration of the Arbitrage Rebate Report, Series 2018 Engagement Letter with GNP Services

Tax Exempt Compliance Services, LLC (Wholly owned subsidiary of GNP Services, CPA, PA)
P.O. Box 1179
Orange Park, FL 32067-1179 linda@dufresnecpas.com or tisha@gnpcpas.com 904-327-8377

January 15, 2026
Ms. Venessa Ripoll, District Manager Public Financial Management
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817

RE:	Silverleaf Community Development District $6,130,000 Capital Improvement Revenue Bonds, Series 2018A-1 and 2018A-2
Dear Ms. Ripoll:

This letter is to confirm and specify the terms of our prospective engagement to provide arbitrage rebate services for the Bond listed on the attached schedule (the “Bonds”) and to clarify the nature and extent of the services we will provide. In order to ensure an understanding of our mutual responsibilities, we ask all clients for whom services are to be performed to confirm the following understanding.
We will perform mathematical computations to calculate the arbitrage rebate liability for the Bonds. We will also prepare any Internal Revenue Service forms that are required to be filed in connection with the arbitrage rebate liability for the Bonds.
The mathematical computations will be performed using information that you or the Bonds trustee will furnish to us. We will make no audit or other verification of the data you submit, although we may need to ask you for clarification of some of the information.
It is your responsibility and that of the Bonds trustee to provide all the information required for the preparation of the complete and accurate calculation of the arbitrage rebate liability. You represent that the information you are supplying to us is accurate and complete to the best of your knowledge. You should retain all the documents and other data that form the basis of the calculation of the arbitrage rebate liability. These may be necessary to prove the accuracy and completeness of any returns required to be filed with a taxing authority.

Our work in connection with the preparation of the calculation of the arbitrage rebate liability does not include any procedures designed to discover defalcation or other irregularities, should any exist.

We will use our judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities' interpretations of the law and other supportable positions. We plan to perform reasonable research to support positions taken in your returns. Unless otherwise instructed by you, we will resolve such questions in your favor whenever possible.

The law provides for a penalty to be imposed on any underpayment that results from negligence or disregard of rules or regulations. Negligence "includes any failure to make a reasonable attempt to comply..." with the code. Disregard "includes any careless, reckless or intentional disregard". The law also provides various other penalties that may be imposed when taxpayers understate their tax liability. If the tax authorities assess penalties, you agree to be responsible for their payment and not to look to us for reimbursement.

Your returns may be selected for review by the taxing authorities. Any proposed adjustments by the examining agent are subject to certain rights of appeal. In the event of such government tax examination, we recommend that you hire a competent professional to represent you. We will be available, upon request, to represent you and will render additional invoices for the time and expenses incurred.

Our fee for these services will be as set forth on Schedule A. Payment is due on receipt. Invoices not paid within ten days are subject to interest at the rate of 1% per month, prorated for the applicable number of days. After ninety days if the invoice remains unpaid, the account may be turned over to a collection agency. Any costs related to collection will be your responsibility.

Our report will be delivered to the email address you specify on the attachment to this engagement letter. Please complete the name, title, phone number and email address for each recipient to whom you would like the report to be sent.

We will not be providing any services nor preparing any returns for you that are not covered by this agreement. If you do not accept the above conditions we will be unable to provide any services. If you have any questions regarding anything in this letter, you may contact me using the information shown above. We want to express our appreciation for this opportunity to work with you.

Sincerely,

Tax Exempt Compliance Services, LLC

SCHEDULE A
FEES FOR INSTALLMENT COMPUTATION PERIOD REBATABLE ARBITRAGE LIABILITY CALCULATIONS
Silverleaf Community Development District
$6,130,000 Capital Improvement Revenue Bonds Series 2018A-1 and 2018A-2

Installment Computation Period Fees (3/2/18 - 3/2/23)	
Bond Year 1
Bond Years 2 - 5
Total Installment Computation Period Fees	$

 $		1,000
          2,500 
3,500 	

(*)	

(*) The fee does not include providing any services to allocate commingled funds.		
Additional Fees, if applicable:			
Preparation of IRS forms	$	100	
Commingled funds	$	250	
Yield restriction test	$	250	
Proposal to perform installment date arbitrage rebate calculation is accepted			
as evidenced by the signature below:

Signature	Title

Printed Name

Telephone Number

Email

Report Recipients:	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	

Silverleaf
Community Development District

Ratification of Payment Authorization #s 253-254

Payment Authorization #253
1/7/2026

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

2026.01.05	Frank Davis (SILVEL)	01/05/2026	Silverleaf CDD	200.00

2026.01.05

Lawrence Powell (SILVEL)

01/05/2026	Silverleaf CDD

200.00

2026.01.05

Timothy Abramski (SILVEL)

01/05/2026	Silverleaf CDD

200.00

7994	VGlobalTech (SILVEL)	12/01/2025	Silverleaf CDD	300.00

2026.01.05	Paul Gressin (SILVEL)	01/05/2026	Silverleaf CDD	200.00

2026.01.05	Jonathan Decker (SILVEL)	01/05/2026	Silverleaf CDD	200.00

Total:	1,300.00

District Manager / Assistant District Manager	Chairman / Vice Chairman

Silverleaf CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Payment Authorization #254
1/14/2026

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

98672	McClatchy Company (SILVEL)	01/08/2026	Silverleaf CDD	163.99

6632

Persson, Cohen, Mooney, Fernan (SILVEL)

01/05/2026	Silverleaf CDD

1,098.50

RES 23-126-34	Rayl Engineering & Surveying (SILVEL)  01/12/2026	Silverleaf CDD	341.25

OE-EXP-01-2026-20	PFM Group Consulting (SILVEL)	01/06/2026	Silverleaf CDD	0.74
Total:	1,604.48

District Manager / Assistant District Manager	Chairman / Vice Chairman

Silverleaf CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Silverleaf
Community Development District

Review of District Financial Statements

Silverleaf CDD
December 2025 Financial Package

December 31, 2025

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

Statement of Financial Position As of 12/31/2025

Debt Service -	Debt Service -	Debt Service -	Long Term	
2019	2018	2025	Debt Group	

General Fund	Total

Current Assets
GF Checking account Assessments Receivable Deposits
Assessments Receivable Due From Other Funds Revenue Account 2019A1 Prepayment Acct. 2019A1
Debt Service Reserve 2019A1 Revenue 2018A Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Prepayment 2018A2 Bond
Due from Other Funds Assessments Receivable Revenue Account 2025
Interest Account 2025 Due From Other Funds 2025 Prepayment Assessments Receivable
Total Current Assets

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

Total Assets

Current Liabilities Accounts Payable Due To Other Funds Deferred Revenue Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

Total Liabilities	Assets

$684,595.36 19,611.04
167.00
$19,927.01 132,901.07
93,157.00
3,644.46
79,434.37

 
$704,373.40	$329,063.91

 
$0.00	$0.00

$704,373.40	$329,063.91

Liabilities and Net Assets

$42,362.21 464,684.95
19,611.04
$19,927.01

$526,658.20	$19,927.01

 
$0.00	$0.00

$526,658.20	$19,927.01	

$19,345.23 1,200.56
46,550.18
1,242.35
152,869.57
22,921.05

$244,128.94

$0.00

$244,128.94

$22,921.05

$22,921.05

$0.00

$22,921.05		

$27,570.21
1.61
178,914.31
3,416.66
26,825.96

$236,728.75

$0.00

$236,728.75

$26,825.96

$26,825.96

$0.00

$26,825.96		

$0.00

$275,562.63 6,121,437.37

$6,397,000.00

$6,397,000.00

$0.00

$6,397,000.00

$6,397,000.00

$6,397,000.00		

$684,595.36 19,611.04
167.00
19,927.01
132,901.07
93,157.00
3,644.46
79,434.37
19,345.23
1,200.56
46,550.18
1,242.35
152,869.57
22,921.05
27,570.21
1.61
178,914.31
3,416.66
26,825.96

$1,514,295.00

$275,562.63 6,121,437.37

$6,397,000.00

$7,911,295.00

$42,362.21 464,684.95
19,611.04
19,927.01
22,921.05
26,825.96

$596,332.22

$6,397,000.00

$6,397,000.00

$6,993,332.22	

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets - General Government Current Year Net Assets - General Govt
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets	

$147,458.36
982.47
(165,842.40)
195,116.77

$177,715.20

$704,373.40		

$231,811.09 77,325.81

$309,136.90

$329,063.91	

$131,356.12 89,851.77

$221,207.89

$244,128.94		

$91,589.27 118,313.52

$209,902.79

$236,728.75		

$0.00

$6,397,000.00		

$147,458.36
982.47
(165,842.40)
195,116.77
231,811.09
77,325.81
131,356.12
89,851.77
91,589.27
118,313.52

$917,962.78

$7,911,295.00	

Page 1 of 3

	General Fund	

Revenues		
On-Roll Assessments	$248,688.70	
Other Assessments	6,147.80	
Other Revenue
On-Roll Assessments On-Roll Assessments On Roll Assessments	982.47	
Total Revenues	$255,818.97	

Expenses		

Supervisor Fees	
$3,000.00	
Public Officials' Insurance	3,552.00	
Trustee Services	4,781.38	
Management	11,124.99	
Engineering	5,672.38	
Disclosure Agent	10,000.00	
District Counsel	3,971.50	
Assessment Administration	12,500.00	
Postage & Shipping	90.65	
Miscellaneous	74.83	
Web Site Maintenance	435.00	
Dues, Licenses, and Fees	175.00	
General Insurance
Interest Payments - 2019A1 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Principal Payment - S2025 Interest Payment - S2025	4,342.00	
Total Expenses	$59,719.73	

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income

Total Other Revenues (Expenses) & Gains (Losses)	$0.00	
Change In Net Assets	$196,099.24	

Net Assets At Beginning Of Year	($18,384.04)	

Net Assets At End Of Year	
$177,715.20	

Statement of Activities

As of 12/31/2025

Debt Service - 2019	

Debt Service - 2018A	

$132,901.07

$132,901.07	

$152,869.57

$152,869.57	

$56,911.25		
$57,755.00 5,929.50	
$56,911.25		$63,684.50	

$1,335.99		

$666.70	
$1,335.99

$77,325.81		$666.70

$89,851.77	
$231,811.09		$131,356.12	

$309,136.90		
$221,207.89	

Debt Service - 2025		Long Term Debt Group		Total	
				
$248,688.70	
				6,147.80	
				982.47	
				132,901.07	
				152,869.57	
$178,914.31				178,914.31	
$178,914.31		$0.00		$720,503.92	
				
$3,000.00	
				3,552.00	
				4,781.38	
				11,124.99	
				5,672.38	
				10,000.00	
				3,971.50	
				12,500.00	
				90.65	
				74.83	
				435.00	
				175.00	
				4,342.00	
				56,911.25	
				57,755.00	
				5,929.50	
$5,000.00				5,000.00	
55,601.34				55,601.34	
$60,601.34		$0.00		$240,916.82	
				
$1,335.99	
				666.70	
$0.55				0.55	
$0.55		$0.00		$2,003.24	
$118,313.52		$0.00		$481,590.34	
$91,589.27		$0.00		$436,372.44	

$209,902.79		
$0.00		
$917,962.78	

Page 2 of 3

Budget to Actual
For The Month Ending 12/31/2025

Year To Date
FY26

	Actual		Budget		Variance	Adopted	Percentage Budget	

$	

202,550.33		

$	

54,630.75		

$	

147,919.58	$ 218,523.00	92.7%	
	6,147.80			-			6,147.80	-	-	
	982.47			-			982.47	-	-	
	46,138.37			13,200.00			32,938.37	52,800.00	87.4%	
$	255,818.97		$	67,830.75		$	187,988.22	$ 271,323.00	94.3%	

$	
3,000.00		
$	
3,000.00		
$	
-	$  12,000.00	25.0%	
	3,552.00			942.51			2,609.49	3,770.00	94.2%	
	4,781.38			3,337.50			1,443.88	13,350.00	35.8%	
	11,124.99			11,124.99			-	44,500.00	25.0%	
	5,672.38			7,500.00			(1,827.62)	30,000.00	18.9%	
	10,000.00			2,750.01			7,249.99	11,000.00	90.9%	
	3,971.50			5,000.01			(1,028.51)	20,000.00	19.9%	
	12,500.00			3,125.01			9,374.99	12,500.00	100.0%	
	-			187.50			(187.50)	750.00	0.0%	
	-			1,175.01			(1,175.01)	4,700.00	0.0%	
	-			249.99			(249.99)	1,000.00	0.0%	
	-			12.51			(12.51)	50.00	0.0%	
	90.65			375.00			(284.35)	1,500.00	6.0%	
	-			375.00			(375.00)	1,500.00	0.0%	
	74.83			125.01			(50.18)	500.00	15.0%	
	435.00			855.00			(420.00)	3,420.00	12.7%	
	175.00			43.74			131.26	175.00	100.0%	
	-			5,000.01			(5,000.01)	20,000.00	0.0%	
	-			249.99			(249.99)	1,000.00	0.0%	
	-			5,000.01			(5,000.01)	20,000.00	0.0%	
	-			7,500.00			(7,500.00)	30,000.00	0.0%	
	-			2,499.99			(2,499.99)	10,000.00	0.0%	
	4,342.00			1,152.00			3,190.00	4,608.00	94.2%	
	-			1,250.01			(1,250.01)	5,000.00	0.0%	
	-			4,999.95			(4,999.95)	20,000.00	0.0%	
$	59,719.73		$	67,830.75		$	(8,111.02)	$ 271,323.00	22.0%	
  $		59,719.73		  $		67,830.75		 $		(8,111.02)   $	-	
$	196,099.24		$	-		$	196,099.24	$	-	

Revenues
On-Roll Assessments Other Assessments Other Revenue
Carry Forward Revenue

Net Revenues
General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees
Wetland Maintenance Reserve Wetlands Monitoring Hurricane Clean Up Stormwater Management Stormwater Improvements General Insurance
General Repair & Maintenance Hardscape Maintenance
 
Total General & Administrative Expenses Total Expenses

Net Income (Loss)

Page 3 of 3

Silverleaf
Community Development District

Staff Reports