Randal Park Community Development District Agenda July 31, 2026 July 24, 2026 Board of Supervisors Meeting Randal Park Community Development District Dear Board Members: The Board of Supervisors of Randal Park Community Development District will meet Friday, July 31, 2026 at 9:30 AM at the Randal Park Clubhouse, 8730 Randal Park Blvd., Orlando, Florida 32832. Following is the advance agenda for the meeting: 1. Roll Call 2. Public Comment Period 3. Engineer’s Report 4. Approval of Minutes of the June 19, 2026 Board of Supervisors Meeting 5. Financing Matters A. Consideration of Bond Counsel Agreement with Nabors, Giblin & Nickerson B. Consideration of Bank Term Sheet i. Seacoast National Bank ii. United Community Bank C. Update from MBS Capital Markets 6. Consideration of Fiscal Year 2026 Audit Engagement Letter from Grau & Associates - ADDED 7. Staff Reports A. Attorney B. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement C. Field Manager’s Report i. Consideration of Proposal for Replacement of Fountain Motor and Pump from Cascade Fountains ii. Consideration of Proposal for Pool Shower Installation from Spies Pools D. Amenity Report i. Consideration of Proposal for Janitorial Services from Fast & Neat Cleaning Services – ADDED 8. Supervisor’s Requests 9. Other Business 10. Next Meeting Date – August 21, 2026 11. Adjournment The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me. Sincerely, A black background with a black square Description automatically generated with medium confidence Jason M. Showe MINUTES OF MEETING RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Randal Park Community Development District was held Friday, June 19, 2026 at 9:30 a.m. at the Randal House Clubhouse, 8730 Randal Park Boulevard, Orlando, Florida. Present and constituting a quorum were: Stephany Cornelius Chairperson Katie Steuck Vice Chairperson Sean Masherella Assistant Secretary Marcela Asquith Assistant Secretary by telephone Brandon Swendsen Assistant Secretary Also present were: Jason Showe District Manager Robert Petillo District Counsel James Hoffman District Engineer by telephone Jarett Wright Field Operations Magaly Velazquez CALM Rhonda Mossing MBS by telephone FIRST ORDER OF BUSINESS Roll Call Mr. Showe called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Comment Period There being no comments, the next item followed. THIRD ORDER OF BUSINESS Engineer’s Report This item taken later in the meeting. FOURTH ORDER OF BUSINESS Approval of the Minutes of the May 15, 2026 Board of Supervisors Meeting On MOTION by Mr. Masherella seconded by Ms. Cornelius with all in favor the Minutes of the May 15, 2026 meeting were approved as presented. FIFTH ORDER OF BUSINESS Discussion of Series 2015 Refinance A. Approval of Supplemental to Investment Banking Agreement with MBS Capital Markets, LLC Ms. Mossing stated your manager contacted us about the economics of potentially refunding the series 2015 bonds for a lower interest rate and annual assessment savings for the debt service portion of the tax bill for the residents residing within the 2015 assessment area. We were the underwriters for your last bond issue that was in 2018 where you entered into an investment banking agreement with us at that time and subsequently to do this financing and to provide numbers to the board, we need to be under contract with you again for this proposed bond issue. That is an SEC requirement. Before you today is a supplement to that original agreement. All the terms and conditions are the same as they were in 2018 including the fees. Approving this today will allow us to investigate the economics of a potential funding in today’s bond market. On MOTION by Mr. Masherella seconded by Ms. Cornelius with all in favor the Investment Banking Agreement with MBS Capital Markets, LLC for the Series 2015 refinance was approved. Ms. Mossing stated Jason is handing out a preliminary review that we did for a potential refunding. We would not have come to you today with a supplemental agreement if we didn’t think there were economics to refunding the bonds. Ms. Mossing reviewed all the district’s financings that have taken place since 2012 and stated after running the numbers we found that a bank placement is more beneficial to the district for several reasons; you don’t have as high of cost of issuance as you do for a public offering. Banks in the current market are not requiring a debt service reserve fund, which is based on 50% of your maximum annual debt service. Because this district is built out and has a great credit history in collection of the assessments the bank placement does not require a debt service reserve fund to secure the bonds. Our recommendation is to do the bank placement because it results in better savings to the district. Under the bank placement the maximum annual debt service per year would be $502,000 versus under a public offering would be $545,000. I have estimated the cost of issuance for each of those and the liquidation of existing funds under the 2015 bond issue that would be used as a source to repay the existing debt. The projected refunding annual savings for a bank placement is a range between $44 on the smaller units to $155 on the larger units in phases 2 and 3 and phases 4 and 5 a range between $172 and $229 in annual savings. It is a little over 14% savings each year to the residents for that debt service assessment. All these projections are based on the market at the time we ran the numbers and we would ask the board to provide us with direction to contact the various banks we work with. We typically send out a request for a term sheet to approximately 20 banks that are familiar with CDD finding and request those term sheets to be returned with the interest rates and parameters and terms they would require. We would bring that back to the board for your consideration and once you authorize us to proceed and approve a term sheet we would then contact bond counsel and have them start working on the documents required to do the refunding bonds and issue the new debt and potentially based on your timing if we start with this right away, we could put the lower assessments on the next tax notice that goes out to the residents in that assessment area to lower their assessments on the next tax bill. After discussion the board took the following action. On MOTON by Ms. Steuck seconded by Ms. Corneilius with all in favor MBS was authorized to proceed with a bank refinancing. *Mr. Hoffman joined the meeting by telephone during this item. Engineer’s Report Mr. Hoffman stated since the last meeting we worked with Jarett and GMS staff on the pothole at the roundabout between Randal Walk Townhomes and Orlando Health. I didn’t see settlement at the time there, however, two weeks ago I observed a big pothole that was not there the day before when Jarett was out there. The pothole extended plus or minus 2-feet deep and about 3-feet by 4-feet under the asphalt. I contacted the City of Orlando staff, GMS staff had been in touch with some folks there already regarding what was perceived as an irrigation main break and tried to ascertain what needs to be done in the right of way. The city had crews heading out there at that time. We expect the city to figure out what to do with the roadway. I have not been able to ascertain the ownership of the irrigation main that broke. GMS staff indicated they turned off and did not appear to take anybody out of service, but it did stop the active leak. I’m not sure who the owner is. We maintain records for the primary infrastructure that goes in, we designed the reclaimed water mains that pull water from the city treatment plant and disburse them to the community, but what we are describing is an irrigation main so after the meter of the reclaimed this would be non-municipal irrigation level. We don’t have records on the exact placement of all those irrigation mains. I can tell you there have been a number of projects over there over the years including the original construction of Orlando Health and construction of the roundabout. Mr. Showe stated we haven’t gotten an update, but I will call the city to see if there is any progress. Mr. Hoffman stated my understanding is whatever was leaking in the main that caused some issues has been fixed. The valve was located and shut off and is no longer active. The presumption was that was that those two events have to be linked. I can’t speak to that but when I talked to them, they had crews in route to stake that out and make sure it was safe for traffic. What we don’t know is (1) who owns that irrigation main because turning off that valve did not disrupt service to anybody (2) we don’t know if there was something else in the right of way that failed that created a void which broke the irrigation main in the first place. I don’t have enough information. When I spoke to the city I did ask for any records they had associated with the roundabout design and those plans because the information I have as district engineer is limited to the original design of the road that did not include a roundabout. We don’t have detailed information regarding exactly what pipes might be underground at that location. Maybe there was a different issue that caused a cavity and disrupted the irrigation main or the irrigation main broke and started gushing water. Evidence we have to date doesn’t point to a conclusive direction and we have not received anything additional from the city at this time. Mr. Showe stated we did reach out to Orlando Health and asked them to check their irrigation, and they indicated they checked their irrigation and had no issues. Mr. Hoffman stated it is possible there was a system that served Randal Walk townhomes maybe it served irrigation in the right of way or Orlando Health on an initial basis but that system was modified and potentially instead of coming downstream to the valve that is now leaking when the roundabout came in, they tapped in further to the north and get water to supply the irrigation system there. What this pipe used to supply may not supply anything anymore, but it was still there. That is a very plausible scenario. SIXTH ORDER OF BUSINESS Consideration of Resolution 2026-03 Adopting a Records Retention Policy On MOTION by Ms. Steuck seconded by Ms. Cornelius with all in favor Resolution 2026-03 Adopting a Records Retention Policy was approved. SEVENTH ORDER OF BUSINESS Staff Reports A. Attorney There being no comments, the next item followed. B. Manager 1. Approval of Check Registers On MOTION by Ms. Steuck seconded by Ms. Cornelius with all in favor the Check Register was approved. 2. Balance Sheet and Income Statement A copy of the balance sheet and income statement were included in the agenda package. 3. Reminder of Form 1 Filing Deadline – July 1st Mr. Showe stated this is a reminder that the form 1 needs to be filed by July 1st. C. Field Manager’s Report Mr. Wright gave an overview of the field management report, copy of which was included in the agenda package. Sean and I met onsite with M.E.S. to look at the bridge to get a better idea of their plans. We also looked at the clubhouse to get their opinion of what was going on. They are going to add new beams that were not in the original bid but will be under the next bid. It is going to be done right, 16” support trusses everywhere, replace all the rotted wood using the material on top that will prevent the current rotting, making sure the screws go into the boards, replacing the top railings with Trex board as well. Mr. Showe stated we will have the engineer inspect it before we make the payments. After discussion of colors, the board chose Tidepool. On MOTION by Mr. Swendsen seconded by Ms. Steuck with all in favor staff was authorized to contract with M.E.S. for the bridge repair in an amount not to exceed $130,000, subject to counsel drafting an agreement. D. Amenity Report A copy of the amenity center report was included in the agenda package. EIGHTH ORDER OF BUSINESS Supervisor’s Requests There being no comments, the next item followed. NINTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. TENTH ORDER OF BUSINESS Next Meeting Date On MOTION by Mr. Masherella seconded by Mr. Swendsen with all in favor the meeting adjourned at 10:34 a.m. Secretary/Assistant Secretary Chairman/Vice Chairman TAMPA 2502 Rocky Point Drive Suite 1060 Tampa, Florida 33607 (813) 281-2222 Tel (813) 281-0129 Fax TALLAHASSEE 1500 Mahan Drive Suite 200 Tallahassee, Florida 32308 (850) 224-4070 Tel (850) 224-4073 Fax PLANTATION 8201 Peters Road Suite 1000 Plantation, Florida 33324 (954) 315-0268 Tel July 31, 2026 VIA ELECTRONIC DELIVERY Board of Supervisors Randal Park Community Development District Orlando, Florida Board Members: We appreciate the opportunity to submit this proposal, along with a bond counsel agreement, to provide bond counsel services to Randal Park Community Development District (the "District") in connection with the issuance by the District of a tax-exempt municipal refunding bond (the "Bond"). Nabors, Giblin & Nickerson, P.A. ("NGN") is a Florida based firm with offices in Tampa, Plantation and Tallahassee. Established in August 1984, NGN was formed so that its principals could focus their practice upon the representation of local government on a statewide basis, specializing in public finance and general governmental and administrative law. NGN still operates on this premise and currently has 26 attorneys with extensive experience and primary dedication to representing governmental clients in the areas of bond finance practice, capital finance practice, public utilities practice, litigation practice, governance structures, financial transactions practice and public/private partnerships. Over the last five years, NGN has served as bond counsel in approximately 621 financings with an approximate aggregate principal amount of $22.0 billion. During such period of time, NGN has also served as disclosure counsel in approximately 178 transactions with an approximate aggregate principal amount of $18.2 billion and as underwriters' counsel in approximately 215 transactions with an approximate aggregate principal amount of $7.4 billion. Specifically, NGN has been on the forefront of representation of community development districts since the early 1990s, representing over 250 special districts, the majority of which are community development districts, as bond counsel and/or disclosure counsel. NGN has also been involved in numerous other special district financings as underwriter's counsel, trustee's counsel and bank counsel. NGN currently serves as bond counsel to many of the major national and regional home builders and developers, including D.R. Horton, Forestar, Barron Collier Companies, Metro Development Group, Mattamy Homes, Taylor Morrison, KB Home, Homes by West Bay, and Lennar, among others. Attached hereto as Exhibit A is a list of special district financings within the past five years for which NGN served as bond counsel. Cynthia E. Wilhelm will be the attorney primarily responsible to the District. Currently a shareholder with NGN, Ms. Wilhelm is located in the Tampa office and has over thirteen years of transactional experience, including over eleven years working on numerous special district financings throughout the State of Florida. Ms. Wilhelm will be assisted by Richard B. Harb, who was selected as a Super Lawyers® Rising Star in 2025 for government finance and is NGN's lead attorney for more complex tax-related matters. All of the public finance lawyers at NGN are knowledgeable with respect to the types of tax issues that may arise in a typical bond transaction. For more information on NGN, please visit our website at www.ngnlaw.com. In general, bond counsel is engaged as recognized counsel specially experienced in Florida law and federal tax and securities laws relating to governmental obligations, whose primary responsibility will be to render an objective legal opinion with respect to the authorization and validity of the Bond and the tax treatment of interest payable on such Bond under federal income tax laws. As bond counsel, we will examine applicable laws, prepare and/or review various documents required for the successful closing of the transaction, and undertake such additional duties as we deem necessary to render our opinion. The above-described services specifically include but are not limited to the following: (a) consulting with representatives of the District and the bank purchasing the Bond (the "Initial Purchaser"), and their respective counsels concerning all legal questions relating to the Bond and the security for the payment of debt service on the Bond; (b) attending meetings of the District during which the proposed financing will be considered; (c) drafting the required Supplemental Trust Indenture, certain resolutions of the District authorizing the issuance of the Bond, the Arbitrage and Tax Certificate, and other related documents, certificates and legal opinions required for closing; (d) analyzing and resolving tax problems associated with the financing; (e) conducting the preclosing and the closing in connection with the financing; (f) reviewing documents drafted by the Initial Purchaser and its counsel, if any; (g) reviewing documents drafted by counsel to the District; (h) reviewing various reports prepared in connection with the financing, including but not limited to assessment methodology reports; and (i) providing the District such other legal services and advice with respect to the financing as are traditionally provided by bond counsel. Subject to the completion of proceedings to our satisfaction, we will render our opinion for the Bond addressed to the District, with a reliance letter addressed to the Initial Purchaser and the trustee, substantially to the effect that the Bond is a valid, binding and enforceable obligation of the District and that the interest thereon is excludable from gross income of the owners under the income tax laws of the United States in effect on the date such Bond is delivered to the Initial Purchaser. The opinion will also opine as to such other matters, if any, that are at the date of closing normally included in the opinions of bond counsel for similar transactions. Based upon (a) the duties we propose to undertake with respect to the financing, (b) the time we anticipate devoting to the financing, and (c) the responsibilities we assume, we agree that our fee for such financing will not exceed $35,000. The foregoing fee shall include all out-of-pocket expenses incurred by NGN in connection with the services rendered and no other expenses shall be payable by the District in connection with bond counsel services. We agree that our fee for bond counsel services will be contingent upon the successful closing of the financing. If such financing is abandoned, we will not be entitled to any fee for services rendered. In addition, we understand that questions or issues may arise that are outside the scope of the financing. Unless such issues require a substantial engagement on our part, we will not charge additional hourly rates for legal services in connection with such issues. Should an issue arise that requires a substantial engagement, any fees to be charged will be determined upon mutual agreement of the parties at such time. We appreciate the opportunity to be of service to you and thank you for your consideration. NABORS, GIBLIN & NICKERSON, P.A. By: Cynthia E. Wilhelm, Shareholder EXHIBIT A LISTING OF TRANSACTIONS AS BOND COUNSEL FOR SPECIAL DISTRICT FINANCINGS JULY 2021 TO PRESENT Issuer Bond Issue Par Amount Brightwater Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2021 $10,000,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2021 $11,610,000 Ave Maria Stewardship Community District (Collier County, Florida) Bond Anticipation Notes, Series 2021 $15,640,000 Southshore Bay Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Bonds, Series 2021 $11,170,000 Lake Ashton II Community Development District (Polk County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2021 $3,535,000 Union Park East Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2021 $3,095,000 Entrada Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2021 $12,280,000 Leomas Landing Community Development District (City of Lake Wales, Florida) Capital Improvement Revenue Bonds, Series 2021 $5,355,000 Epperson North Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2021A $17,605,000 Gracewater Sarasota Community Development District (Sarasota County, Florida) Capital Improvement Revenue Bonds, Series 2021 $16,780,000 St. Lucie West Services District (St. Lucie County, Florida) Capital Improvement Revenue Bond, Series 2021-2 $1,685,000 Mirada Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2021 $9,600,000 North AR-1 of Pasco Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2021A $9,800,000 Ocala Preserve Community Development District (Marion County, Florida) Capital Improvement Revenue Bonds, Series 2021 $3,855,000 WaterGrass II Community Development District (Pasco County, Florida) Special Assessment Revenue Refunding Bonds, Series 2021 $5,385,000 Golden Lakes Community Development District (Polk County, Florida) Taxable Special Assessment Note, Series 2021 $1,000,000 Villages of Glen Creek Community Development District (City of Bradenton, Florida) Capital Improvement Revenue and Refunding Bonds, Series 2022 $5,250,000 Water's Edge Community Development District (Manatee County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2022 $2,065,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2022 $7,775,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2022A $22,950,000 Issuer Bond Issue Par Amount Rustic Oaks Community Development District (City of Venice, Florida) Capital Improvement Revenue Bonds, Series 2022 $17,230,000 Rolling Hills Community Development District (Clay County, Florida) Capital Improvement Revenue and Refunding Bonds, Series 2022 $10,870,000 Lake Ashton II Community Development District (Polk County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2022 $3,245,000 Mira Lago West Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bond, Series 2022 $3,007,000 Bridgewater North Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2022 $10,195,000 Pelican Marsh Community Development District (Collier County, Florida) Special Assessment Revenue Refunding Bond, Series 2022 $3,460,000 Cross Creek North Community Development District (Clay County, Florida) Special Assessment Bonds, Series 2022 $15,075,000 Mangrove Point and Mangrove Manor Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Bonds, Series 2022 $7,850,000 Somerset Community Development District (Walton County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2022 $10,745,000 Villages of Glen Creek Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Bonds, Series 2022A $7,500,000 Trout Creek Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2022 $3,085,000 Willow Creek Community Development District (Brevard County, Florida) Capital Improvement Revenue Bonds, Series 2022 $2,575,000 Wiregrass II Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2022 $11,460,000 Mirada II Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2022 $11,600,000 Coddington Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2022 $6,215,000 Renaissance Community Development District (Lee County, Florida) Capital Improvement Revenue Refunding Bond, Series 2022 $5,545,000 Buena Lago Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2022 $4,420,000 Stoneybrook Community Development District (Lee County, Florida) Special Assessment Revenue Bonds, Series 2022-1 $4,325,000 Stoneybrook Community Development District (Lee County, Florida) Taxable Special Assessment Revenue Bonds, Series 2022-2 $7,755,000 Avalon Park West Community Development District (Pasco County, Florida) Special Assessment Revenue Bonds, Series 2022 $5,895,000 Coral Bay of Lee County Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2022 $3,845,000 Cypress Shadows Community Development District (Lee County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2022 $1,070,000 Brookstone Community Development District (Manatee County, Florida) Special Assessment Revenue Bonds, Series 2022 $10,700,000 Issuer Bond Issue Par Amount Willows Community Development District (Manatee County, Florida) Special Assessment Revenue Bonds, Series 2022 $8,315,000 Stoneybrook North Community Development District (Lee County, Florida) Capital Improvement Revenue and Refunding Bonds, Series 2022 $5,300,000 Woodcreek Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2022 $3,785,000 Ridge at Heath Brook Community Development District (City of Ocala, Florida Capital Improvement Revenue Bonds, Series 2023 $2,325,000 Waterford Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2023 $4,835,000 Rye Crossing Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2023 $2,625,000 Parrish Lakes Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2023 $12,400,000 Harmony West Community Development District (Osceola County, Florida) Special Assessment Revenue Bonds, Series 2023 $3,435,000 Arbors Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2023 $12,435,000 Merrick Square Community Development District (City of Pembroke Pines, Florida) Capital Improvement Revenue Bonds, Series 2023 $4,215,000 West Villages Improvement District (City of North Port, Florida) Special Assessment Revenue Bonds, Series 2023 $17,130,000 Varrea South Community Development District (City of Plant City, Florida) Capital Improvement Revenue Bonds, Series 2023 $8,870,000 Harmony on Lake Eloise Community Development District (City of Winter Haven, Florida) Capital Improvement Revenue Bonds, Series 2023 $2,665,000 Lake Lizzie Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2023 $3,535,000 Cypress Bay West Community Development District (City of Palm Bay, Florida) Capital Improvement Revenue Bonds, Series 2023 $7,625,000 Parrish Lakes Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2023 $9,540,000 Cross Creek North Community Development District (Clay County, Florida) Special Assessment Bonds, Series 2023 $8,915,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2023 $19,150,000 Westwood of Paso Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2023 $3,775,000 North AR-1 of Pasco Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2023 $13,500,000 Hawthorne Mill North Community Development District (City of Lakeland, Florida) Capital Improvement Revenue Bonds, Series 2023 $3,275,000 Avalon Park West Community Development District (Pasco County, Florida) Special Assessment Revenue Bonds, Series 2023 $3,355,000 Entrada Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2023 $7,580,000 Issuer Bond Issue Par Amount Ocala Preserve Community Development District (Marion County, Florida) Capital Improvement Revenue Bonds, Series 2023 $5,260,000 Cope's Landing Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2023 $7,695,000 West Villages Improvement District (City of North Port, Florida) Special Assessment Revenue Bonds Series 2023 $4,805,000 Towns at Woodsdale Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2023 $5,870,000 Center Lake Ranch West Community Development District (City of St. Cloud, Florida) Capital Improvement Revenue Bonds, Series 2023 $13,935,000 Longleaf Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,000,000 North AR-1 of Pasco Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024 $9,750,000 Highland Trails Community Development District (City of Dade City, Florida) Capital Improvement Revenue Bonds, Series 2024 $6,750,000 Lake Mattie Preserve Community Development District (City of Auburndale, Florida) Capital Improvement Revenue Bonds, Series 2024 $4,385,000 Regal-Village Community Development District (City of Florida City, Florida) Capital Improvement Revenue Bonds, Series 2024 $6,805,000 Caymas Community Development District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,815,000 Lake Hideaway Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2024 $20,000,000 Saltleaf Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $30,000,000 West Villages Improvement District (City of North Port, Florida) Capital Improvement Revenue Bonds, Series 2024 $19,280,000 North AR-1 of Pasco Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024A $32,000,000 Mirada Community Development District (Pasco County, Florida) Capital Improvement Revenue and Refunding Bonds, Series 2024 $23,000,000 Mirada Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024 $6,500,000 Rivers Edge III Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2024 $9,815,000 Somerset Bay Community Development District (Hernando County, Florida Capital Improvement Revenue Bonds, Series 2024 $13,500,000 Coral Bay of Lee County Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $5,735,000 Southshore Bay Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,475,000 Hawthorne Mill North Community Development District (City of Lakeland, Florida) Capital Improvement Revenue Bonds, Series 2024 $11,400,000 Parrish Lakes Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $37,000,000 Issuer Bond Issue Par Amount Buena Lago Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2024 $4,510,000 Normandy Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2024 $40,000,000 Ridge at Heath Brook Community Development District (City of Ocala, Florida) Capital Improvement Revenue Bonds, Series 2024 $3,060,000 Entrada Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2024 $4,160,000 Cope's Landing Community Development District (Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2024 $2,840,000 Sebastian Isles Community Development District (City of Florida City, Florida) Capital Improvement Revenue Bonds, Series 2024 $4,365,000 Rookery Community Development District (City of Green Cove Springs, Florida) Capital Improvement Revenue Bonds, Series 2024 $14,050,000 Rye Crossing Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,650,000 Waterford Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,800,000 Longleaf Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024A $8,500,000 Parrish Lakes II Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $33,455,000 Epperson North Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024 $5,500,000 Paddocks Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $5,830,000 St. Lucie West Services District (St. Lucie County, Florida) Utility Revenue and Refunding Bond, Series 2024 $56,530,000 Lake Lizzie Community Development District (City of St. Cloud, Florida) Capital Improvement Revenue Bonds, Series 2024 $2,155,000 Vista Lakes Community Development District (City of Orlando, Florida) Taxable Special Assessment Note, Series 2024 $2,000,000 Arbors Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2024 $11,390,000 Brightwater Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $7,850,000 Curiosity Creek Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2024 $13,500,000 Hicks Ditch Community Development District (City of Eustis, Florida) Capital Improvement Revenue Bonds, Series 2024 $5,235,000 Wiregrass Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024A $5,835,000 Waterford Landing Community Development District (City of Fort Myers, Florida) Capital Improvement Revenue Refunding Bond, Series 2024 $8,370,000 Chaparral of Palm Bay Community Development District (City of Palm Bay, Florida) Capital Improvement Revenue Bonds, Series 2024 $12,500,000 Issuer Bond Issue Par Amount Kepler Road Community Development District (City of Deland, Florida) Capital Improvement Revenue Bonds, Series 2024 $5,115,000 Pasadena Ridge Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2024 $13,375,000 Harmony on Lake Eloise Community Development District (City of Winter Haven, Florida) Capital Improvement Revenue Bonds, Series 2025 $9,335,000 Harmony West Community Development District (Osceola County, Florida) Special Assessment Revenue Bonds, Series 2025 $6,930,000 Juniper Cove Community Development District (Miami-Dade County, Florida) Capital Improvement Revenue Bonds, Series 2025 $5,950,000 Magnolia Island Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $12,500,000 Leomas Landing Community Development District (City of Lake Wales, Florida) Capital Improvement Revenue Bonds, Series 2025 $2,430,000 Mirabella Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2025 $1,259,000 Woodcreek Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $7,045,000 GIR East Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2025 $19,410,000 Lake Mattie Preserve Community Development District (City of Auburndale, Florida) Capital Improvement Revenue Bonds, Series 2025 $4,110,000 Fox Branch Ranch Community Development District (Polk County, Florida) Capital Improvement Revenue Bonds, Series 2025 $5,580,000 South Fork East Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2025 $1,627,000 Waterleaf Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bonds, Series 2025 $4,177,000 Dewey Robbins Community Development District (City of Leesburg, Florida) Capital Improvement Revenue Bonds, Series 2025 $5,030,000 Wiregrass Community Development District (Pasco County, Florida) Capital Improvement Revenue Refunding Bond, Series 2025 $10,201,000 West Villages Improvement District (City of North Port, Florida) Capital Improvement Revenue Bonds, Series 2025 $10,045,000 Connerton West Community Development District (Pasco County, Florida) Capital Improvement Revenue Refunding Bond, Series 2025 $1,795,000 DG Farms Community Development District (Hillsborough County, Florida) Capital Improvement Revenue Refunding Bond, Series 2025 $2,267,000 Preserve at Legends Pointe Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $4,560,000 Trout Creek Community Development District (St. Johns County, Florida) Capital Improvement Revenue and Refunding Bond, Series 2025 $16,045,000 Lake Powell Residential Golf Community Development District (Bay County, Florida) Special Assessment Revenue Refunding Bonds, Series 2025 $1,761,000 Varrea South Community Development District (Hillsborough County, Florida Capital Improvement Revenue Bonds, Series 2025 $6,465,000 Issuer Bond Issue Par Amount Rivers Edge III Community Development District (St. Johns County, Florida) Capital Improvement Revenue Bonds, Series 2025 $10,115,000 Waterset North Community Development District (Hillsborough County, Florida) Special Assessment Revenue Refunding Bond, Series 2025 $7,650,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2025 $2,245,000 Kissimmee Park Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2025 $28,440,000 Bridle Creek Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2025 $12,545,000 Windward Preserve Community Development District (City of Cocoa, Florida) Capital Improvement Revenue Bonds, Series 2025 $3,570,000 Waterford Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2025 $8,620,000 Bridgewater of Wesley Chapel Community Development District (Pasco County, Florida) Capital Improvement Revenue Refunding Bond, Series 2025 $2,855,000 Cypress Reserve Community Development District (City of Groveland, Florida) Capital Improvement Revenue Bonds, Series 2025 $16,370,000 Lakeside at Satilla Community Development District (City of St. Cloud, Florida) Capital Improvement Revenue Bonds, Series 2025 $9,635,000 Feed Mill Community Development District (Clay County, Florida) Capital Improvement Revenue Bonds, Series 2025 $15,720,000 Mirada II Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $3,310,000 Angeline Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $12,725,000 Pasadena Ridge Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $15,355,000 West Villages Improvement District (City of North Port, Florida) Special Assessment Revenue Bonds, Series 2025 $1,258,000 Sunrise Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2025 $36,930,000 Ave Maria Stewardship Community District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2025 $29,255,000 West Villages Improvement District (Sarasota County, Florida) Capital Improvement Revenue Bonds, Series 2025 $17,325,000 West Villages Improvement District (City of North Port, Florida) Capital Improvement Revenue Bonds, Series 2025 $8,360,000 McKendree Pointe Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $13,000,000 EA McKinnon Groves Community Development District (Lake County, Florida) Capital Improvement Revenue Bonds, Series 2025 $6,680,000 Harvest Hills South Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $20,000,000 Highland Trails Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025 $20,500,000 Issuer Bond Issue Par Amount Magnolia Island Community Development District (Pasco County, Florida) Capital Improvement Revenue Bonds, Series 2025A $7,210,000 West Villages Improvement District (City of North Port, Florida) Capital Improvement Revenue Bonds, Series 2025 $2,145,000 Center Lake Ranch West Community Development District (Osceola County, Florida) Capital Improvement Revenue Bonds, Series 2025 $11,760,000 Curiosity Creek Community Development District (Manatee County, Florida) Capital Improvement Revenue Bonds, Series 2025 $27,000,000 Creekside Community Development District (St. Lucie County, Florida) Special Assessment Bonds, Series 2026 $3,475,000 Pinery Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2026 $33,600,000 Sugarloaf Community Development District (City of Minneola, Florida) Capital Improvement Revenue Bonds, Series 2026 $11,055,000 Caymas Community Development District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2026 $6,065,000 Brightshore Community Development District (Collier County, Florida) Capital Improvement Revenue Bonds, Series 2026 $34,460,000 Saltleaf Community Development District (Lee County, Florida) Capital Improvement Revenue Bonds, Series 2026 $14,655,000 Somerset Bay Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2026 $11,650,000 Lakeside Community Development District (Pasco County, Florida) Capital Improvement Revenue and Refunding Bond, Series 2026 $4,352,000 Long Lake Ranch Community Development District (Pasco County, Florida) Capital Improvement Revenue Refunding Bond, Series 2026 $3,142,000 Rivers Edge II Community Development District (St. Johns County, Florida Capital Improvement Revenue Bonds, Series 2026 $4,840,000 West Villages Improvement District (City of North Port, Florida) Capital Improvement Revenue Bonds, Series 2026 $7,510,000 Feed Mill Community Development District (Clay County, Florida) Capital Improvement Revenue Bonds, Series 2026 $5,165,000 Cope's Landing Community Development District (City of Jacksonville, Florida) Capital Improvement Revenue Bonds, Series 2026 $5,045,000 Horseshoe Creek Community Development District (City of Davenport, Florida) Capital Improvement Revenue Bonds, Series 2026 $8,160,000 Legacy Palm Drive Community Development District (Miami-Dade County, Florida) Capital Improvement Revenue Bonds, Series 2026 $9,245,000 Willow Creek II Community Development District (City of Titusville, Florida) Capital Improvement Revenue Bonds, Series 2026 $7,875,000 Lake Hideaway Community Development District (Hernando County, Florida) Capital Improvement Revenue Bonds, Series 2026 $6,750,000 closing, as well as attend drafting and informational meetings regarding the Bond; and (iii) render opinions in written form at the time the Bond is to be authenticated and delivered, which opinions shall cover the legality of the Bond and the exemption of the Bond from federal income taxation. (b) Fees and Expenses for Services Rendered as Bond Counsel. The District shall pay to Nabors Giblin, as a fee for services rendered pursuant to this Section 1 such amounts as mutually agreed upon between the parties hereto and commensurate with the work performed. Such fee shall not exceed $35,000. Such fee shall be paid by the District to Nabors Giblin only from the proceeds derived by the District from the sale of the Bond and, if the Bond is not sold, then no fees shall be paid by the District for services rendered pursuant to this Section 1. The foregoing fee shall include all out-of-pocket expenses incurred by Nabors Giblin in connection with services rendered hereunder, and no other expenses shall be payable by the District in connection with bond counsel services. 2. TERMINATION. This Agreement may be terminated by the District, or by Nabors Giblin, with or without cause, upon fifteen (15) days prior written notice to the other. If the District terminates Nabors Giblin for any reason prior to the issuance of the Bond, then no compensation shall be paid to Nabors Giblin for any services theretofore rendered pursuant to Section 1 of this Agreement. 3. CONSTRUCTION. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida. [Remainder of Page Intentionally Left Blank] IN WITNESS WHEREOF, the District and Nabors Giblin have executed this Agreement as of the date set forth above. RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT By: Chairman/Vice Chairman NABORS, GIBLIN & NICKERSON, P.A. By: Cynthia Wilhelm, Shareholder Randall Park Community Development District Summary of Indicative Terms 7/9/2026 United Community Bank (“Bank”), on behalf of itself and any designated affiliate (individually and collectively, “Lender”) is pleased to provide this Summary of Indicative Terms (“Term Sheet”) for discussion. This Term Sheet is a basic outline of the potential terms on which Lender would consider providing or arranging the loan described below. This is not an offer, agreement, or commitment by Lender to lend. Lender will not be bound to any agreement unless or until Lender’s authorized representative signs definitive loan documentation stating that it constitutes the entire understanding and agreement of the parties as to the matters set forth therein. If the terms of a financing transaction are ultimately approved and agreed by Lender, the definitive loan documentation will contain other customary provisions, including, without limitation, representations and warranties, covenants, conditions, specified events of default and other provisions, all of which must be satisfactory to Lender in all respects. Borrower: Randall Park Community Development District (the “CDD”) Lender: United Community Bank, Inc. or a designated affiliate (United Community Public Finance, Inc.) Loan: Special Assessment Revenue Refunding Bond, Series 2026 in an amount of $6,380,000. Use of Proceeds: The proceeds of the Series 2026 Bond will be to refund the Special Assessment Revenue Bonds, Series 2015, and to pay related costs of issuance. Security: Pledge of revenues derived from the levy and collection of the Series 2015 Assessments and will not be subject to any lien senior to or on a parity with the lien in favor of the Series 2026 Bonds. Guarantor(s): None Maturity: May 1, 2045, as outlined in the RFP. Repayment: Fully funded at closing with semiannual interest payments and annual principal payments as outlined in the RFP; the 2026 bonds will be fully amortizing. Interest Rate: Option #1: Tax-Exempt Fixed Rate: 4.02% Option #2: Tax-Exempt Fixed Rate: 4.15% Option #3: Tax-Exempt Variable Rate of 79% of (1 Month Term SOFR + 145bps). • The bank will require a Price Reset after Year 7 and Year 14 based on the all-in rate of 79% of (1 Month Term SOFR + 145bps) for the fixed rate options. • Options #1 and #3 require the CDD to maintain a deposit relationship with United Community Bank in an amount of no less than 10% of the outstanding loan amount for the life of the loan. Accrual Basis: 30/360 or another agreed upon accrual basis. Prepayment penalty: 5%, 4%, 3%, 2%, and 1%. A prepayment penalty will only apply if the Series 2026 is refinanced with another lender before Year 6. No prepayment if funds are internally generated. Expenses and Fees: None. Financial and Other Covenants: The CDD will provide/file annual audited financial statements and approved budgets within an agreed upon timeframe as currently required under the CDD’s existing bond financing. Conditions Precedent and Other Terms: 1. Borrower’s Counsel Opinion: An opinion of Borrower’s counsel covering matters customary to transactions such as this and in all respects acceptable to the Bank, Lender and its counsel. 2. Bond Counsel Opinion: An approving opinion of bond counsel related to the loan in form and substance satisfactory to the Lender and for Tax-Exempt options, shall include, without limitation, an opinion delivered at the time of conversion that the interest rate on the loan is excludable from gross income for Federal income tax purposes. 3. Other Items: Lender shall have received such other documents, instruments, approvals or opinions as may be reasonably requested. Lender’s Legal Counsel: Estimated legal fees for the closing of the loan will not exceed $8,500. All legal fees shall be paid by the Borrower whether or not the Loan described herein is closed Governing Law & Jurisdiction: State of Florida Municipal Advisor Disclosure: Please note: (i) the transaction contemplated herein is an arm's length commercial transaction between Borrower and the Lender, (ii) in connection with such transaction, the Lender is acting solely as a principal and not as an advisor including, without limitation, a "Municipal Advisor" as such term is defined in Section 15B of the Securities and Exchange Act of 1934, as amended, and the related final rules (the "Municipal Advisor Rules"), agent, or a fiduciary of Borrower, (iii) to the extent applicable, Bank is relying on the bank exemption in the Municipal Advisor Rules (or such other applicable exemptions, including as it relates to general information), (iv) Lender has not provided any advice or assumed any advisory or fiduciary responsibility in favor of Borrower with respect to the transaction contemplated hereby and the discussions, undertakings and procedures leading thereto, (v) Lender has financial and other interests that differ from those of Borrower, and (vi) Borrower has consulted with its own financial, legal, accounting, tax and other advisors, as applicable, to the extent it deemed appropriate (including any Municipal Advisors). Nothing herein is intended to serve as legal, tax or accounting advice. Borrower may be required to certify to the foregoing in a closing certificate. Before acting on the information or material contained herein, the Borrower should seek the advice of an IRMA and any other professional advisors which it deems appropriate for the Loan described herein, especially with respect to any legal, regulatory, tax or accounting treatment. Patriot Act: Pursuant to the requirements of the Patriot Act, the Lender and its affiliates are required to obtain, verify and record information that identifies loan obligors, which information includes name, address, tax identification number and other information regarding obligors that will allow the Lender to identify obligors in accordance with the Patriot Act, and the Lender is hereby so authorized. This notice is given in accordance with the requirements of the Patriot Act and is effective for the Lender and its affiliates. Expiration Date: This Term Sheet shall expire on 8/10/2026 unless a formal commitment letter has been issued prior to such date. [Remainder of page intentionally blank.] RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT Special Assessment Revenue Refunding Bonds, Series 2026 Draft Financing Timetable June 29, 2026 Date or Week Event Responsible Party June 19, 2026 Board Meeting • Presentation to Board – Financing Structure/Options • Authorization to Proceed UW No later than 6/24/2026 Mail credit packages to Banks DM 7/9/2026 Term Sheets due from Banks UW July 17, 2026 Board Meeting • Award Bank Term Sheet • Engagement Letter for Bond Counsel UW BC 7/20-8/13/2026 Prepare Closing Documents BC August 21, 2026 Board Meeting • Delegation Resolution, including o Supplemental Resolution o Bank Term Sheet o BPA • Approve Supplemental Assessment Report BC Bank UC No later than 8/21/2026 • Sign all closing documents All August 25, 2026 Close on Bonds UW,T,BC Key Description Company Contact DC District Counsel Latham Luna Jan Carpenter BC Bond Counsel tbd UW Underwriter MBS Capital Markets LLC Rhonda Mossing DM District Manager Governmental Management Services Jason Showe AC Assessment Consultant Governmental Management Services T Trustee Wells Fargo TC Trustees Counsel Holland & Knight Denise Ganz B Bank tbd BnkC Bank’s Counsel tbd 1001 Yamato Road . Suite 301 Boca Raton, Florida 33431 (561) 994-9299 . (800) 299-4728 Fax (561) 994-5823 www.graucpa.com 2010 Grau Logo - HiRes July 29, 2026 Board of Supervisors Randal Park Community Development District 219 East Livingston Street Orlando, Florida 32801 We are pleased to confirm our understanding of the services we are to provide Randal Park Community Development District, City of Orlando, Florida (“the District”) for the fiscal year ended September 30, 2026. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Randal Park Community Development District as of and for the fiscal year ended September 30, 2026. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2026 audit. Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited: 1) Management’s Discussion and Analysis 2) Budgetary comparison schedule The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information: 1) Compliance with FL Statute 218.39 (3) (c) Audit Objectives The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement. We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements. We will also issue a management letter as required by Chapter 10.550, Rules of the Auditor General of the State of Florida. As part of our audit, we will apply financial condition assessment procedures pursuant to Section 218.39(5), Florida Statutes, and Rule 10.556(8), Rules of the Auditor General, and will report, as applicable, whether the District met any of the conditions described in Section 218.503(1), Florida Statutes. Examination Objective The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement. Other Services We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities. Management Responsibilities Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them. Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements. Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence. Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report. Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information. With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document. Audit Procedures—General An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse. Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards. Audit Procedures—Internal Control Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards. Audit Procedures—Compliance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards. Engagement Administration, Fees, and Other We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing. The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation. Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats. IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524. Our fee for these services will not exceed $4,300 for the September 30, 2026 audit, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued. We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis. The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all outof- pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate. This agreement may be renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately. The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates. We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2025 peer review report accompanies this letter. We appreciate the opportunity to be of service to Randal Park Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. Very truly yours, Grau & Associates Tony, Jr ______________________________ Antonio J. Grau RESPONSE: This letter correctly sets forth the understanding of Randal Park Community Development District. By: Title: Date: A close-up of a letter Description automatically generated k t 6 FACILITY REPORT Pool, Gym and Randal House Clubhouse -The BBQ areas are opened (9am - 8pm) Daily - Gym (24/7) - Pool (7am - 8pm) - Randal House Clubhouse (10am - 6pm) Mon - Fri FACILITY REPORT Pool, Gym and Randal House Clubhouse  - The BBQ areas are opened (9am - 8pm) Daily  - Gym (24/7)  - Pool (7am - 8pm)  - Randal House Clubhouse (10am - 6pm) Mon - Fri  - Onsite office staff is open from (9am - 5pm) Mon - Fri - Pool attendant is onsite Saturdays and Sundays. June Randal House Rentals: 7 June Events: * Father’s day cookie decoration Cancelled: Thursday, June 18th * Introduction to Yoga : Friday, June 19th Upcoming July Events: * Children Pottery Workshop : Friday, July 24th Randal Park Usage Report Randal Park Usage Report0 275 550 825 0May June 2755508251100AprilMayJune PoolGym Randal Park Usage Report0 275 550 825 0May June FAST & NEAT CLEANING SERVICES LLC 1140 Hilltop Place Saint Cloud Fl 34772 July 28, 2026 Randal Park CDD 8730 Randall Park Blvd Orlando, FL 32827 Dear, Alexandra Subject: Janitorial Service Proposal – Randal Park CDD . Thank you for allowing Fast & Neat Cleaning Services LLC to prepare a professional cleaning service proposal for your consideration. We know it takes considerable time and effort to show any potential contractor your facility, and to provide them with the necessary information. So again, thanks! Here are a few important highlights: Before we start... All of our cleaners are thoroughly trained on how to perform each cleaning task, as well as on important safety issues. Our goal is to clean each customer's facility professionally and safely. During the start... we know a seamless, no-hassle start-up is important to every customer. So at Fast & Neat Cleaning Service LLC, we combine up-front preparation and training with strong management and direction to ensure a smooth, successful startup. After the start... A systematic approach to keep your building looking good! At Fast & Neat Cleaning Services LLC, we offer strong management and quality control to plan for, and not loose track of, the many necessary cleaning details. We look forward to the opportunity of becoming a trusted and valued partner in improving and maintaining the appearance of your building. Please call if you have any questions, or need additional information as you review our proposal. Sincerely, Fast & Neat Cleaning Services LLC Compensation... 4 days per week professional cleaning service program: $98.07 per visit , four times a week $392.30 per week, times 52 weeks a year $20.400.00 with a total of $1.700.00 at Month The service days will be as fallow Tuesday, Thursday Saturday and Sunday after 6pm(with only two days of clubhouse cleaning) . We will need a key and an alarm code in order to access the building. If hours of service change for any reason we will notify Randal Park CDD 12 hours before service. Cleaning Schedule Tuesday: Clubhouse, Gym, Pool Restrooms, and Pool Area Trash Thursday : Gym, Pool Restrooms, and Pool Area Trash Saturday : Clubhouse, Gym, Pool Restrooms, and Pool Area Trash Sunday : Gym, Pool Restrooms, and Pool Area Trash Additional Services : Cleaning for any special event, private function, or activity outside the regular schedule will be considered an additional service and billed separately at the applicable rate. Additional Services... Clubhouse cleaning $100.00 per visit. Other services quoted Upon Request. Supplies... Fast & Neat Cleaning Services LLC will furnish all consumable products inclusive of but not limited to: toilet tissue, towels, trash liners, hand soap, air fresheners, batteries, etc. and invoice costumer at the end of the month. Equipment... Fast & Neat Cleaning Services LLC will furnish and maintain all necessary cleaning equipment and all cleaning supplies inclusive of but not limited to cleaning agents, desinfectants, vacuums, maid carts, mop buckets, mops and brooms. The customer agrees to provide a secure space for storage of this equipment, as may be necessary.. Insurance... Fast & Neat Cleaning Services LLC will furnish all forms of insurance required by law and shall maintain the same in force. Commercial General Liability, Property Damage, Commercial automovility coverage Our Philosophy... Fast & Neat Cleaning Services LLC is committed to providing quality janitorial services that deliver the highest levels of customer satisfaction. Term... The term of this agreement shall be for a period of one (1) year and shall automatically renew for additional one (1) year periods on the anniversary date of this agreement. Plus a 10% cost increase. Cancellation... This agreement may be terminated or canceled at any time with a minimum of thirty (30) days written notice from either party. Agreement... This Agreement is made and entered into as of July 27 , 2026 , by and between Fast & Neat Cleaning Services LLC with a principal place of business located at 1140 Hilltop Place, Saint Cloud Fl 34772 and Randal Park CDD. with a principal place of business located at 8730 Randall Park Blvd Orlando, FL 32827 THEREFORE, in consideration of the mutual promises and benefits to be derived by the parties they mutually agree to the terms and conditions as outlined above in this agreement. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first written above. Fast & Neat Cleaning Services LLC Randal Park CDD. _______________________________ ____________________________ Name: Carlos Acosta Name: Alexandra Penagos Date: 07/28/2026 Date: 07/28/2026 Title: Owner Title: ______________________ The difference between ordinary and extraordinary is just that little extra