MINUTES OF MEETING CREEKSIDE
COMMUNITY DEVELOPMENT DISTRICT
A regular meeting of the Board of Supervisors of the Creekside Community Development District was held on Thursday, February 12, 2026, at 2:00 p.m. at 2160 NW Reserve Park Trace, Port St. Lucie, Florida.

Present and constituting a quorum were:

Tim Gee	Chairman (close to recorder)
Wyatt Rudd	Assistant Secretary (far away)
Dawn Litrenta	Assistant Secretary

Also present were:

Andressa Hinz Philippi	District Manager
Mr. Eddy	Governmental Management Services
Jere Earlywine	District Counsel (by phone)

FIRST ORDER OF BUSINESS	Roll Call
Ms. Hinz Philippi called the meeting to order and call the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation Letter from Ms. Sonja Pedretti
Ms. Hinz Philippi: The first item that we have to take care of is the acceptance of the resignation letter from Sonja Pedretti, I just need a motion to accept her resignation.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, accepting the resignation letter from Ms. Sonja Pedretti was approved.

Consideration of Appointment of Supervisor to Unexpired Term(s) of Office
Oath of Office for Newly Appointed Supervisor(s)
Electing Officer(s)
Ms. Hinz Philippi: The next would be consideration of appointment of Supervisor to unexpired term of office, so seat #3 was Sonja, do we have anyone to appoint at this time?
Mr. Rudd: No, not at this time.

Ms. Hinz Philippi: Alright, we can table this and bring that back to the next meeting, so that takes care of our organizational matters for now. I think Sonja was vice chairman, do we want to move somebody to vice chairman, or do you just want to hold that spot open and then have another vice chairman later?
Mr. Rudd: I’d say, can we table this to the next meeting? Ms. Hinz Philippi: Yes.
Mr. Rudd: Ok.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the
November 13, 2025 Meeting
Ms. Hinz Philippi: The next item would be approval of the minutes of the November 13, 2025 meeting. If you have any additions, corrections, or deletions I can take those, if not, a motion to approve would be in place.

On MOTION by Ms. Litrenta seconded by Mr. Rudd with all in favor, the Minutes of November 13, 2025 Meeting were approved.

FOURTH ORDER OF BUSINESS	Consideration of:
Resolution #2026-04 Ratifying the Sale of Bonds and Levying of Assessments for the Series 2026 AA2 Bonds
Ms. Hinz Philippi: The next item would be consideration of resolution #2026-04 ratifying the sale of bonds and levying of the assessments for the Series 2026 AA2 Bonds on page 10, and that one I’m going to turn over to Jere because he is going to go through this, A, B, C, D and E.
Mr. Earlywine: Yes absolutely. So, the first one there is just what Andressa said, this is our standard resolution obviously when we go and issue bonds, there’s a lot of things that happen both in connection with the bond issuance and then related thereto. So, there might be some changes on documents at the last minute where you can’t close or whatever, so this resolution kind of ratifies that, and it ratifies all the staff actions, and all the Board of Supervisor actions to start getting that bond issue done, so it’s a pretty standard resolution. I’d be happy to answer any questions on it otherwise, we’re looking for a motion to adopt it and have it executed.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, Resolution #2026-04 ratifying the sale of bonds and levying of assessments for the Series 2026 AA2Bonds was approved.

Settlement Agreement between Creekside Community Development District (St. Lucie County, FL) Special Assessment Bonds, Series 2026 CUSIP No. 225508AA8 and U.S. Bank Trust Company, National Association related to the Series 2006 Bonds
Mr. Earlywine: The next item is our settlement agreement, this is the settlement agreement between Creekside Community Development District and U.S. Bank. If you guys remember, I know you do, there were obviously a number of different defaults that happened over time. The property that was defaulted upon went through a foreclosure process, and the District’s position is once they go through that foreclosure process the lien is wiped clear, and the bonds should have been canceled at that time. So, we did acquire property out of this foreclosure process, and I think we got it back from the county first. U.S. Bank though, they took the position that CDD was still obligated for a certain portion of those bonds which again, we don’t think that’s the case but, rather going through a long litigation or anything like that, they came up with a settlement where it sounds like some money, $200,000 but, in the grand scheme of things it’s a lot less than what their claim would be if you go through to litigate, the claim is that the assessments and interest things would be much higher than that, so unpaid interest of $1.8 million and principal as well. So, we think it’s a pretty good settlement, the $200,000 I think the District already has on hand from the some of the prior sales is my understanding, so this would actually waive and come out $2 million in unpaid interest on the canceled bonds, it also pays some trustee fees in the amount of $25,000 and it really gets our books in order and allows us to have clear and clean audit going forward with no further obligation to U.S. Bank on any of the defaulted parcels. So, staff is recommending it, and we can get that paid immediately. Do you guys have any questions on the agreement?
Ms. Litrenta: Do you know how they came up with that figure, the $200,000? Mr. Earlywine: I have one other piece to it too, go ahead.
Ms. Litrenta: I’m sorry, I was just asking, U.S. Bank, you said, I mean if we weren’t at fault but, we’re having to pay a penalty, you said it’s less than what we would have to do if we went into a litigation but, that number that they came up with, the $200,000, was

there a formula for them to come up with that, or is that just a number that they put out there?
Mr. Earlywine: Just kind of what we came up with, yes, and that can easily flow through, half million dollars in litigation fees, so we felt like it was pretty reasonable. There’s also trustees fees which are about $25,000, the legal fees anyway. There’s also some other fees I wanted to mention, and I do think these are fair today, trustees, when they’re going through a, well the annual trustee fees on bonds are a couple thousand dollars per year, I think they’re $3,500, they’re also asking that we pay for the past 4 years, 2022 through 2025, and it comes out to about $14,000, so honestly we’re under contract with the bank for trustee fees, so I think that’s fair, we just hadn’t paid it because you hadn’t had the money during those defaulted years, and of course this issue was outstanding so there was no reason to pay it until now we got the settlement going. The other thing that they want is a claim for extra administrative time, and these charges are pretty typical when you have default scenario, they actually write off about half of it, so I think 2024 and 2025 they’re asking for about $10,235.50, and it’s actually discounted by about $10,000, so that’s the request that we also pay this $14,000 and the $10,235.50.
Ms. Hinz Philippi: So Jere, just to clarify, this $24,235.50 from U.S. Bank, this is extra from the $200,000?
Mr. Earlywine: It is, yes but, I do think these are, about half of it’s related to, like the
$14,000, so those are just annual bank fees which normally we would pay over the course, then the other is a special administrative fee, which I’ve seen much higher than this when you go through a default, and it they’ve written down about half the time, so it seems reasonable to me that it seems like a fair settlement to split it.
Ms. Hinz Philippi: Ok.
Mr. Gee: So, just to be clear it’s the $24,000 in change plus the $25,000 in legal
fees?
Mr. Earlywine: Say again.
Mr. Gee:	I was just being clear, so we’re agreed to just pay the $200,000, the
$25,000 in the legal fees, plus the additional $24,000, is that what you quoted?
Mr. Earlywine: Yes sir, exactly right, the legal is for Warren Bloom, and also partly what from the settlement, and all the other stuff that they’ve had to do.
Mr. Gee: Ok.

Mr. Earlywine: And we put a cap on it by the way, I think the amount on the legal is actually higher than that in actuality but, that’s the cap.
Ms. Litrenta: So, it would be $225,000 is what you said, or $250,000? Mr. Gee: Total was about $250,000.
Mr. Earlywine: Yes, that’s right and ultimately that might be, the $200,000 we give back to the bondholders and the rest would go to the bank for $24,000, and the $25,000 would go to their lawyer, it affectively writes off a $2 million dollar plus obligation in their view anyway.
Mr. Gee: Right, so then we would have to motion to accept here to move forward? Mr. Earlywine: Yes, correct.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, accepting the Settlement Agreement between Creekside Community Development District (St. Lucie County, FL) Special Assessment Bonds, Series 2026 CUSIP No. 225508AA8 and U.S. Bank Trust Company, National Association related to the Series 2006 Bonds was approved.

Closeout Documents with St. Lucie County Water and Wastewater Utility District
Ms. Hinz Philippi: Next we have closeout documents with St. Lucie County Water and Wastewater Utility District.
Mr. Earlywine: Correct, and I don’t know if you all have any questions on that, that’s pretty straight forward the closeout documents for utility stuff, and you kind of see the paperwork in there, if you just want to approve that in substantial form.
Ms. Hinz Philippi: And that’s on page 43.
Mr. Earlywine: Yes, and there’s a couple of pieces to it but, you can see how you need those closeout documents, it’s just your typical turnover stuff.
Ms. Litrenta: But they’re not completed, right?
Mr. Earlywine: Correct, you just need to approve in substantial form, we’ll have to finish up, we’re just trying to get you going forward.
Ms. Hinz Philippi: Yes, so this is for us to approve and then we get them to sign it. Mr. Earlywine: Exactly, yes, approve it in substantial form with authorization for the
Chairman to sign it would be the motion.

Ms. Litrenta: So, it’s not completed but, you have to motion to complete the forms but, do you see the final numbers on it, or how does that work?
Mr. Earlywine: Not really, we can bring it back but, these are forms our engineer helped fill in the numbers and the as-builts stuff all that sort of thing but, these are the forms. We don’t always have finished stuff in the agenda package, it’s just timing-wise, when something to turnover goes forward but, having it on the agenda to get approved is just part of the process. You can wait for me to bring back in final form if you want to see the final set but, by then it’s already sort of turned over by the county, if that makes sense.
Ms. Litrenta: Ok, can we get a copy of the final form? Mr. Earlywine: Absolutely, yes.
Ms. Hinz Philippi: We can add to the next agenda to ratify.
Ms. Litrenta: I see, so if something is not correct you can rectify it. Ms. Hinz Philippi: Yes.
Ms. Litrenta: I got it, ok.
Ms. Hinz Philippi: So, we’re just going to approve in substantial final form and then Tim is going to sign, and the next meeting we can bring the entire document and then we ratify the action.
Ms. Litrenta: Ok.
Ms. Hinz Philippi: That’s correct, right Jere? Mr. Earlywine: Yes.
Ms. Hinz Philippi: Alright, so we need a motion.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, accepting the closeout documents with St. Lucie County Water and Wastewater Utility District in substantial final form and authorizing the Chairman to execute the document was approved.

CDD Development Agreement (Parcels F and G) by and between CDD and D.R. Horton, Inc.
Ms. Hinz Philippi: The next item would be CDD Development Agreement, parcels F and G.
Mr. Earlywine: Yes, parcels F and G, as you guys recall we’ve also had a parcels agreement for parcels G and D.R. Horton has already purchased parcel F. Part of the reason that they’re willing to buy these parcels, especially the upcoming parcel G which we

still have that kind of out clause with them if they want to cancel the purchase, is they want the CDD to be able to issue bonds which makes sense, you can’t buy into a project and not know if you’re going to get bond money, and it certainly affects the financial item for the buyer. So, as an inducement for parcel G, I think the expectation for parcel F is that the bonds would be issued, they’d like to get this agreement approved. Parcel F is already gone obviously, and we fully expect that we will have bonds issued before the end of the fiscal year here, probably in the third quarter is kind of the goal. That parcel G because it doesn’t have all its permits and things like that, this bond won’t be issued for some time. So, what this agreement says in section 2 is the developer essentially within 90 days can ask for bonds to be issued, the District would be obligated to go out and issue bonds, the assessments and all that sort of thing would be set by the developer which is how this happens every single time, every time you have bond deal the developer picks out, hey how much do I want in bond money, how much can I put on my own property for assessments and go forward because they have to be able to sell the homes obviously too, and do all the parameters of the bonds would be sort of dictated by the developer on the parcel developer, and that would go on their parcel, parcel G, and both parties essentially agree to establish an assessment area which would parcel G and parcel F, and they would cooperate taking action necessary to bring up the bond issuance is the effect of the agreement. So, do you guys have any questions or anything on this agreement, otherwise, we’re looking for a motion to adopt it and authorize the chairman to sign it.
Ms. Litrenta: I don’t have any questions.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, accepting the CDD Development Agreement (Parcels F and G) by and between CDD and D.R. Horton, Inc. and authorizing the Chairman to execute the document was approved.

CDD Supplemental Declaration of Consent (Parcel E) with D.R. Horton, Inc.
Mr. Earlywine: The next item is parcel E, supplement declaration of consent. This one deals with the multi-family area, I think originally that parcel was intended for either a larger multi-family units or a different use altogether for which Rich could tell us but, ultimately end up with 119 multi-family units on parcel E. It’s still within, when we set an assessment lien in place, there’s a limit on how much debt we can put on it, these

assessments, even with the 119 units and the assessment per unit you see in the chart there are within those original assessments levels, so Rich is comfortable that the assessments are fairly and reasonably allocated and everything is in order. At the same time, it’s a little different than what they started with, and so I thought we’d go ahead and just record a consent against the property to make sure that the landowner isn’t going to challenge the assessments later on because I do think they’re fair but, because of the shift of the change, it kind of makes to just go ahead and make sure that’s buttoned up and there’s no questions about it later, so that’s the purpose of this consent. So, unless there’s any questions, we’re looking for a motion to approve this in substantial form, we might gets some comments from Wayne Crosby, the developer’s counsel, and authorize the chairman to sign it.

On MOTION by Ms. Litrenta seconded by Mr. Rudd with all in favor, accepting the CDD Supplemental Declaration of Consent (Parcel E) with D.R. Horton, Inc. in substantial final form, and authorizing the Chairman to execute the document was approved.

FIFTH ORDER OF BUSINESS	Approval of Amended and Restated
Perpetual Access Road Easement
Ms. Hinz Philippi: The next item is with you also Jere, approval of the amended and restated perpetual access road easement.
Mr. Earlywine: Yes, I don’t know how much you all are familiar with this, I’m sure some of you are very familiar with this but, this is just your Water Management District has been working with Creekside for some time on an access road easement. This is the easement who has been working with you all with the developer’s counsel but, I think it’s in order, I’d be happy to answer any questions on it, otherwise it’s just a form the Water Management District prefers, and we’re looking for a motion to adopt it and authorize the chairman to sign it.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, accepting the Amended and Restate Perpetual Access Road Easement and authorizing the Chairman to execute the document was approved.

SIXTH ORDER OF BUSINESS	Approval	to	Authorize	the	CDD
Chairman to Execute Ancillary Closing Documents
Ms. Hinz Philippi: The next item would be approval to authorize the CDD Chairman to execute ancillary closing documents, and that’s pretty standard. If you guys have any questions I can answer those, if not, a motion to approve would be in order.
Ms. Litrenta: No questions.

On MOTION by Mr. Rudd seconded by Mr. Gee with all in favor, authorizing the CDD Chairman to execute Ancillary Closing Documents was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Ms. Hinz Philippi: Alright, the next item would be staff reports, do you have anything else Jere, on that?

Attorney
Mr. Earlywine: I covered all those items, thank you Andressa for putting the agenda together, you did a good job with that. The only other thing I would point out again on parcel F, I think the construction is getting underway, and we should be in position to issue bonds before the end of the D.R. Horton’s fiscal year of September 30th, but that’s the only thing on my mind. I’d be happy to answer any questions, and thank you again Andressa.
Ms. Hinz Philippi: No problem. Alight, so bonds should be good to issue before September, right?
Mr. Earlywine: Yes, like before September 30th, I would think.
Ms. Hinz Philippi: Ok, good. So Jere, anything else for us besides that? Mr. Earlywine: No ma’am.

Engineer
Ms. Hinz Philippi: Alright, the engineer is not present today.

Manager
Ms. Hinz Philippi: On my side, I don’t have anything to report at this time.

EIGHTH ORDER OF BUSINESS	Financial Reports
Acceptance of Check Register
Acceptance of Unaudited Financials
Ms. Hinz Philippi: The next item would be financial reports, tab A is the acceptance of the check register and tab B is acceptance of the unaudited financials. If you have any questions let me know, if not, a motion to approve would be in order.

On MOTION by Mr. Gee seconded by Mr. Rudd with all in favor, the Check Register and the Unaudited Financials were approved.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Hinz Philippi: The next item would be Supervisor’s requests, do we have any Supervisor’s requests at this time. Not hearing any, just for the record we do not have any audience, so no audience comments.

TENTH ORDER OF BUSINESS	Adjournment
Ms. Hinz Philippi: The next item would be a motion to adjourn.

On MOTION by Ms. Litrenta seconded by Mr. Rudd with all in favor, the Meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

Certificate Of Completion

Envelope Id: 3E3EC408-D3EC-8076-825D-344B2F34228A	Status: Completed Subject: Creekside: Complete with Docusign: Resolution 2026-06.docx, 2-12-26 Minutes.pdf, Resolution 2026-05
Source Envelope:
Document Pages: 26	Signatures: 7	Envelope Originator:
Certificate Pages: 2	Initials: 0	Ellen Acosta

AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)

1001 Bradford Way
Kingston, TN 37763 eacosta@gmssf.com
IP Address: 162.199.192.217

Record Tracking		
Status: Original
6/17/2026 10:14:23 AM	Holder: Ellen Acosta
eacosta@gmssf.com	Location: DocuSign	
Signer Events	Signature	Timestamp	
Andressa Hinz Philippi AHPhilippi@gmssf.com Assistant Secretary	
	Sent: 6/17/2026 10:20:12 AM Resent: 6/22/2026 7:26:59 AM Viewed: 6/22/2026 7:29:26 AM	

Security Level: Email, Account Authentication
(None)	Signature Adoption: Pre-selected Style
Using IP Address: 2601:58b:c84:ed60:8912:f181:80af:a71f

Signed: 6/22/2026 7:29:38 AM

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Tim Gee TGee@drhorton.com Chairman

(None)	Signature Adoption: Pre-selected Style
Using IP Address: 136.226.59.108		
Electronic Record and Signature Disclosure:
Not Offered via Docusign			
In Person Signer Events	Signature	Timestamp	
			
Editor Delivery Events	Status	Timestamp	
			
Agent Delivery Events	Status	Timestamp	
			
Intermediary Delivery Events	Status	Timestamp	
			
Certified Delivery Events	Status	Timestamp	
			
Carbon Copy Events	Status	Timestamp	
			
Witness Events	Signature	Timestamp	
			
Notary Events	Signature	Timestamp	
			
Envelope Summary Events	Status	Timestamps	
Envelope Sent	Hashed/Encrypted	6/17/2026 10:20:12 AM	
Certified Delivered	Security Checked	6/17/2026 10:33:08 AM	

Security Level: Email, Account Authentication

Sent: 6/17/2026 10:20:11 AM Viewed: 6/17/2026 10:33:08 AM Signed: 6/17/2026 10:33:26 AM

Envelope Summary Events	Status	Timestamps	
Signing Complete	Security Checked	6/17/2026 10:33:26 AM	
Completed	Security Checked	6/22/2026 7:29:38 AM	
Payment Events	Status	Timestamps