TWO RIDGES COMMUNITY DEVELOPMENT
DISTRICT

PASCO COUNTY Regular Board Meeting & Public Hearing August 13, 2025
1:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.tworidgescdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA TWO RIDGES
COMMUNITY DEVELOPMENT DISTRICT
Sales Office – Valencia Ridge 32555 Murano Court
Wesley Chapel, Florida 33543
REGULAR BOARD MEETING & PUBLIC HEARING
August 13, 2025
1:00 P.M.
1 (800) 743-4099 PARTICIPANT PASSCODE: 6576090

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
June 25, 2025 Regular Board Meeting Minutes…	Page 4
Public Hearing
Proof of Publication…	Page 7
Receive Public Comments on Fiscal Year 2025/2026 Final Budget
Consider Resolution No. 2025-38 – Adopting a Fiscal Year 2025/2026 Final Budget…	Page 10
Old Business
New Business
Consider Resolution No. 2025-39 – Adopting a Fiscal Year 2025/2026 Meeting Schedule… Page 18
Administrative Matters
Board Member Comments
Adjourn

47143
Tampa Bay Times
Published Daily
STATE OF FLORIDA} ss
COUNTY OF HERNANDO, CITRUS, PASCO, PINELLAS, HILLSBOROUGH County

Before the undersigned authority personally appeared Jean Mitotes who on oath says that he/she is a Legal Advertising Representative of the Tampa Bay Times a daily newspaper printed in St. Petersburg, in Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida that the attached copy of adve1iisernent being a Legal Notice in the matter Public Hearing & Reg Board Mtg was published in said newspaper by print in the issues of 07/23/25 or by publication on the newspaper's website, if authorized.

Affiant fu1iher says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes. Affiant further says the said Tampa Bay Times is a newspaper published in Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida and that the said newspaper has heretofore been continuously published in said Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida each day and has been entered as a second class mail matter at the post office in said Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida for a period of one year next preceding the first publication of the attached copy of advertisement, and affiant futiher says that he/she neither paid nor promised any person, finn or corporation any discount, rebate, commission or Tefund for the purpose of securing this advertisement for publication in the said newspaper.

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Signature of Affiant 	 _
Sworn to and subscribed before me this 07/23/2025

Signah1re ofNotaiy of Public

7:P------

Personally known X or produced identification. Type of identification produced --------

Notary Public Slate of Florida
Deirdre A BoiH�tt
-�	My commission HH 601171
!rotfllli�	Expires 11412029
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Page 1

LEGAL NOTICE	LEGAL NOTICE
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FY 2026 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board') for the Two Ridges Community Development District ("District") will hold the following public hearings and regular meeting:
DATE:	August 13, 2025
TIME:	1:00 p.m.
LOCATION:	Sales Ottice - Valencia Ridge
32555 Murano Court
Wesley Chapel, Florida 33543 The first public hearing is being held pursuant to Chapter 190, Florida Statutes, to receive public comment and objections on the District's proposed budget ("Proposed Budget'? for the fiscal year beginning October 1, 2025, and ending September 30, 2026 ("FY 2026"), The second public hearing is being held pursuant to Chapters 7 90, Florida Statutes, to consider the Imposition of operations and maintenance special assessments (''O&M Assessments") upon the lands located within the District to fund the Proposed Budget for FY 2026; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of O&M Assessments, At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A regular Board meeting of the District will also be held where the Board may consider any other District business that may properly come before it.
Description of Assessments
The District imposes O&M Assessments on benefitted property within the District for the purpose of funding the District's general administrative, operations, and maintenance budget. A description of the services to be funded by the O&M Assessments, and the properties to be1mproved and benefitted from the O&M Assessments, are all se1 forth in the Proposed Budget. A geographic depiction of the property potentially subject to the proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the heartng:

Land Use	Total# of Units/ Acres	EAU/ERU Factor	Proposed O&M Assessrtient•	
48" Single Family	177	1	$533	
50" Single Family	158	1	$533	
62" Single Family	183	1	$533	
includes collection costs and early payment discounts

NOTE:THE DISTRICT RESERVES ALL RIGHTS TO CHANGE THE LANO USES, NUMBER OF UNITS, EQUIVALE!'lT ASSESSMENT OR RESIDENTIAL UNIT ("EAU/ERU") FACTORS, AND O&M ASSESSMENT AMOUNTS AT THE PUBLIC HEARING, WITHOUT FURTHER NOTICE.
The proposed O&M Assessments as stated include collection costs and/or early payment discounts imposed on assessments collected by the Pasco County {"County") Tax Collect on the tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes. the lien arrount shall serve as the "maximum rate" authorized by law tor O&M Assessments, such that no public hearing on O&M Assessments shall be held or notice provided in tutlJre years unless the O&M Assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes,
is met. Note, the O&M Assessments do not include debt service assessments previously levied by the District, iJ any.
For FY 2026, the District intends to have the County Tax Collector collect the O&M Assessments imposed on certain developed property and will directly collect the O&M Assessments on the remaining benefil1ed property. if any, by sending out a bill at least thirty (30) days prior to the first Assessment due date. It is important to pay your O&M Assessment because failure to pay will cause a tax certi�cate to be issued against the property which may resutt in loss of rnte or, for direct billed O&M Assessments, may result In a foreclosure action which also may result in a loss of title. The District's decisionio collect O&M Assessments on the County tax roll or by direct bilung does not preclude the District from later electing to collect those or other assessments in a differenl manner at a future time.
Addttlonal Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of
Florida law: A copy of the Proposed Budget, proposed assessment roll, and the agenda for the public hearings and meeting may be obtained at the offices of the. District Manager, Special District Services, LLC, 2501A Bums Road, Palm Beach Gardens, Florida 33410, (561) 630-4922 {''District Manager's Office"), during normal business hours, or by visiting the District's website at https://tworidgescdd.org/. The public hearings and meeting may be continued in progress 1o a date, time certain, and place to be specified on the record at the public hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at the public hearings or meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the public hearings and meeting. tt you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955- 8771 (TTY)/ 1-800-955-8770 (Voice), for aid in contacting the Distlict Manager's Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty days ol publication of this notice. Each person who decides to appeal any decision made by the Board With respect to any matter considered at the public hearings or meeting is.advised that person will need a record of proceedings and that, accordingly, the person may need to ensure that a verbatim record of the proceedings is made. Including the testimony and evidence upon wh1ch such appeal is to be based.
District Manager

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Publication Date 2025-07-30

Subcategory Miscellaneous Notices

TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2026 PROPOSED BUDGET(S); AND NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Two Ridges Community Development District (District) will hold a public hearing and regular meeting as follows:
DATE: August 13, 2025
TIME: 1:00 p.m.
LOCATION: Sales Office Valencia Ridge 32555 Murano Court
Wesley Chapel, Florida 33543
The purpose of the public hearing is to receive comments and objections on the adoption of the Districts proposed budget(s) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (Proposed Budget). A regular Board meeting of the District will also be held at the above time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, Special District Services, LLC, 2501A Burns Road, Palm Beach Gardens, Florida 33410, (561) 630-4922 (District Managers Office), during normal business hours, or by visiting the Districts website at https://tworidgescdd.org/.
The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and/or meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearing and/or meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at the public hearing or meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the public hearing and meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
District Manager
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
www.tworidgescdd.org
PUBLISH: TAMPA BAY TIMES (PASCO COUNTY) 07/30/25 47149

Page 3

TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JUNE 25, 2025

CALL TO ORDER

The June 25, 2025, Regular Board Meeting of the Two Ridges Community Development District (the “District”) was called to order at 1:01 p.m. in the Sales Office of Valencia Ridge located at 32555 Murano Court, Wesley Chapel, Florida 33543.

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in Tampa Bay Times on June 18, 2025, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors in attendance:

Chairman John Strowbridge, Vice Chairman Clayton Ratliff and Supervisors Michele Mason (via phone), Sean McArdle and Steve Stimac.
Staff present included: District Manager Michelle Krizen of Special District Services, Inc.; and District Counsel Kyle Magee of Kutak Rock.
Also present were Bond Counsel Jason Gonzalez; Sete Zare; and Andrew Karmeris of Special District Services, Inc.

ADDITIONS AND DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There was no public comment at this time.
APPROVAL OF MINUTES
May 28, 2025, Public Hearing & Regular Board Meeting
The minutes of the May 28, 2025, Public Hearing & Regular Board Meeting were presented for consideration.

A motion was made by Mr. Stimac, seconded by Mr. McArdle and passed unanimously approving the minutes of the May 28, 2025, Public Hearing & & Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board at this time.

NEW BUSINESS
Consider Final First Supplemental Special Assessment Methodology Report

It was noted that this report was substantially the same as the previously presented report with the tables having been updated to reflect the actual costs.

A motion was made by Mr. Stimac, seconded by Mr. McArdle and passed unanimously approving the Final First Supplemental Special Assessment Methodology Report, as presented.

Consider Resolution No. 2025-37 – Adopting a Final Assessment Resolution

Resolution No. 2025-37 was presented, entitled:

RESOLUTION 2025-37

A RESOLUTION SETTING FORTH THE SPECIFIC TERMS OF THE TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2025; CONFIRMING THE DISTRICT’S PROVISION OF INFRASTRUCTURE IMPROVEMENTS AND ADOPTING AN ENGINEER’S REPORT; CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2025 BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2025 SPECIAL ASSESSMENTS;	PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.
Mr. Magee noted that this resolution was the assessment to secure the bonds, identifies the Board’s authority, memorializes the steps taken, confirms the maximum assessment, allocates the debt, provides a method for true ups, authorizes the lien book and directs the District manager to work with Pasco County to record the assessment.

A motion was made by Mr. Stimac, seconded by Mr. McArdle and passed unanimously adopting Resolution No. 2025-37, as presented.

ADMINISTRATIVE MATTERS

There was a consensus of the Board to cancel the July 23rd meeting. The next meeting will be held August 13, 2025, and will include the Public Hearing on the final budget.

BOARD MEMBER COMMENTS

There were no further Board Member comments.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Stimac, seconded by Mr. McArdle and passed unanimously adjourning the Regular Board Meeting at 1:08 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

47143
Tampa Bay Times
Published Daily
STATE OF FLORIDA} ss
COUNTY OF HERNANDO, CITRUS, PASCO, PINELLAS, HILLSBOROUGH County

Before the undersigned authority personally appeared Jean Mitotes who on oath says that he/she is a Legal Advertising Representative of the Tampa Bay Times a daily newspaper printed in St. Petersburg, in Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida that the attached copy of adve1iisernent being a Legal Notice in the matter Public Hearing & Reg Board Mtg was published in said newspaper by print in the issues of 07/23/25 or by publication on the newspaper's website, if authorized.

Affiant fu1iher says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes. Affiant further says the said Tampa Bay Times is a newspaper published in Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida and that the said newspaper has heretofore been continuously published in said Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida each day and has been entered as a second class mail matter at the post office in said Hernando, Citrus, Pasco, Pinellas, Hillsborough County, Florida for a period of one year next preceding the first publication of the attached copy of advertisement, and affiant futiher says that he/she neither paid nor promised any person, finn or corporation any discount, rebate, commission or Tefund for the purpose of securing this advertisement for publication in the said newspaper.

�
Signature of Affiant 	 _
Sworn to and subscribed before me this 07/23/2025

Signah1re ofNotaiy of Public

7:P------

Personally known X or produced identification. Type of identification produced --------

Notary Public Slate of Florida
Deirdre A BoiH�tt
-�	My commission HH 601171
!rotfllli�	Expires 11412029
��---""'

LEGAL NOTICE	LEGAL NOTICE
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FY 2026 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board') for the Two Ridges Community Development District ("District") will hold the following public hearings and regular meeting:
DATE:	August 13, 2025
TIME:	1:00 p.m.
LOCATION:	Sales Ottice - Valencia Ridge
32555 Murano Court
Wesley Chapel, Florida 33543 The first public hearing is being held pursuant to Chapter 190, Florida Statutes, to receive public comment and objections on the District's proposed budget ("Proposed Budget'? for the fiscal year beginning October 1, 2025, and ending September 30, 2026 ("FY 2026"), The second public hearing is being held pursuant to Chapters 7 90, Florida Statutes, to consider the Imposition of operations and maintenance special assessments (''O&M Assessments") upon the lands located within the District to fund the Proposed Budget for FY 2026; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of O&M Assessments, At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A regular Board meeting of the District will also be held where the Board may consider any other District business that may properly come before it.
Description of Assessments
The District imposes O&M Assessments on benefitted property within the District for the purpose of funding the District's general administrative, operations, and maintenance budget. A description of the services to be funded by the O&M Assessments, and the properties to be1mproved and benefitted from the O&M Assessments, are all se1 forth in the Proposed Budget. A geographic depiction of the property potentially subject to the proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the heartng:

Land Use	Total# of Units/ Acres	EAU/ERU Factor	Proposed O&M Assessrtient•	
48" Single Family	177	1	$533	
50" Single Family	158	1	$533	
62" Single Family	183	1	$533	
includes collection costs and early payment discounts

NOTE:THE DISTRICT RESERVES ALL RIGHTS TO CHANGE THE LANO USES, NUMBER OF UNITS, EQUIVALE!'lT ASSESSMENT OR RESIDENTIAL UNIT ("EAU/ERU") FACTORS, AND O&M ASSESSMENT AMOUNTS AT THE PUBLIC HEARING, WITHOUT FURTHER NOTICE.
The proposed O&M Assessments as stated include collection costs and/or early payment discounts imposed on assessments collected by the Pasco County {"County") Tax Collect on the tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes. the lien arrount shall serve as the "maximum rate" authorized by law tor O&M Assessments, such that no public hearing on O&M Assessments shall be held or notice provided in tutlJre years unless the O&M Assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes,
is met. Note, the O&M Assessments do not include debt service assessments previously levied by the District, iJ any.
For FY 2026, the District intends to have the County Tax Collector collect the O&M Assessments imposed on certain developed property and will directly collect the O&M Assessments on the remaining benefil1ed property. if any, by sending out a bill at least thirty (30) days prior to the first Assessment due date. It is important to pay your O&M Assessment because failure to pay will cause a tax certi�cate to be issued against the property which may resutt in loss of rnte or, for direct billed O&M Assessments, may result In a foreclosure action which also may result in a loss of title. The District's decisionio collect O&M Assessments on the County tax roll or by direct bilung does not preclude the District from later electing to collect those or other assessments in a differenl manner at a future time.
Addttlonal Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of
Florida law: A copy of the Proposed Budget, proposed assessment roll, and the agenda for the public hearings and meeting may be obtained at the offices of the. District Manager, Special District Services, LLC, 2501A Bums Road, Palm Beach Gardens, Florida 33410, (561) 630-4922 {''District Manager's Office"), during normal business hours, or by visiting the District's website at https://tworidgescdd.org/. The public hearings and meeting may be continued in progress 1o a date, time certain, and place to be specified on the record at the public hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at the public hearings or meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the public hearings and meeting. tt you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955- 8771 (TTY)/ 1-800-955-8770 (Voice), for aid in contacting the Distlict Manager's Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager's Office within twenty days ol publication of this notice. Each person who decides to appeal any decision made by the Board With respect to any matter considered at the public hearings or meeting is.advised that person will need a record of proceedings and that, accordingly, the person may need to ensure that a verbatim record of the proceedings is made. Including the testimony and evidence upon wh1ch such appeal is to be based.
District Manager

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7/23/202&111�	J1M1-I

Publication Date 2025-07-30

Subcategory Miscellaneous Notices

TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2026 PROPOSED BUDGET(S); AND NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Two Ridges Community Development District (District) will hold a public hearing and regular meeting as follows:
DATE: August 13, 2025
TIME: 1:00 p.m.
LOCATION: Sales Office Valencia Ridge 32555 Murano Court
Wesley Chapel, Florida 33543
The purpose of the public hearing is to receive comments and objections on the adoption of the Districts proposed budget(s) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (Proposed Budget). A regular Board meeting of the District will also be held at the above time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, Special District Services, LLC, 2501A Burns Road, Palm Beach Gardens, Florida 33410, (561) 630-4922 (District Managers Office), during normal business hours, or by visiting the Districts website at https://tworidgescdd.org/.
The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and/or meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearing and/or meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at the public hearing or meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the public hearing and meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
District Manager
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
www.tworidgescdd.org
PUBLISH: TAMPA BAY TIMES (PASCO COUNTY) 07/30/25 47149

Page 9

RESOLUTION 2025-38
[FY 2025/2026 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2025/2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Two Ridges Community Development District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1.   BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Two Ridges Community Development District for the Fiscal Year Ending September 30, 2026.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Chapter 189, Florida Statutes, and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2025/2026, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2025/2026 or within 60 days following the end of the FY 2025/2026 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.
Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Chapter 189, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 13th DAY OF AUGUST, 2025.
ATTEST:	TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	FY 2025/2026 Budget

Two Ridges Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (2025 BOND)

ASSESSMENT COMPARISON

FINAL BUDGET
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M (Operation & Maintenance) Assessments	275,888	
Developer Contribution	0	
Debt Assessments	776,330	
Interest Income	240	
		
TOTAL REVENUES	$	1,052,458	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	36,000	
Legal	30,000	
Assessment Roll	5,000	
Audit Fees	4,500	
Arbitrage Rebate Fee	650	
Insurance	7,000	
Legal Advertisements	15,000	
Miscellaneous	1,500	
Postage	200	
Office Supplies	1,500	
Dues & Subscriptions	175	
Website Management & ADA Compliance	3,000	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	110,025	
		
Maintenance Expenditures		
Engineering/Inspections	6,000	
Miscellaneous Maintenance	1,000	
Stormwater System Inspections & Maintenance	5,800	
Lake Maintenance	108,000	
Two Ridges Road Public ROW Sidewalk Maintenance	5,000	
Two Ridges Road Public ROW Mowing	15,000	
Open Space Tract East Of Two Ridges Road Public ROW Maintenance	8,750	
Total Maintenance Expenditures	$	149,550	
		
Total O&M Expenditures	$	259,575	
		
REVENUES LESS EXPENDITURES	$	792,883	
		
Bond Payments	(729,750)	
		
BALANCE	$	63,133	
		
County Appraiser & Tax Collector Fee	(21,044)	
Discounts For Early Payments	(42,089)	
		
EXCESS/ (SHORTFALL)	$	-	

Notes
Annual O&M Per Unit: $501 ($259,575/518 SF Homes = $501) Annual O&M Per Unit - Grossed Up 6%: $533 ($501/.94= $533)

DETAILED FINAL BUDGET
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M (Operation & Maintenance) Assessments	0	0	275,888	Expenditures Less Interest/.94	
Developer Contribution	0	83,625	0	Developer Contribution	
Debt Assessments	0	0	776,330		
Interest Income	0	0	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	-	$	83,625	$	1,052,458		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	0	21,000	36,000	$3,000 X 12 Months	
Legal	0	30,000	30,000		
Assessment Roll	0	0	5,000	Commences In Fiscal Year Following Issuing Of Bond	
Audit Fees	0	4,500	4,500		
Arbitrage Rebate Fee	0	0	650	Commences In Fiscal Year Following Issuing Of Bond	
Insurance	0	6,000	7,000		
Legal Advertisements	0	15,000	15,000		
Miscellaneous	0	1,500	1,500		
Postage	0	200	200		
Office Supplies	0	1,500	1,500		
Dues & Subscriptions	0	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	0	1,750	3,000	$250 X 12 Months	
Trustee Fees	0	0	4,500	Commences In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	0	1,000	Commences In Fiscal Year Following Issuing Of Bond	
Total Administrative Expenditures	$	-	$	81,625	$	110,025		
					
Maintenance Expenditures					
Engineering/Inspections	0	2,000	6,000	Engineers Report To Be Included In Bond Cost Of Issuance	
Miscellaneous Maintenance	0	0	1,000		
Stormwater System Inspections & Maintenance	0	0	5,800	Valencia Ridge Phases 1, 2 & 3 & Two Ridges Road	
Lake Maintenance	0	0	108,000	Valencia Ridge Phases 1 & 2 ($84,000) & 3 ($24,000)	
Two Ridges Road Public ROW Sidewalk Maintenance	0	0	5,000		
Two Ridges Road Public ROW Mowing	0	0	15,000		

Open Space Tract East Of Two Ridges Road Public ROW Maintenance	0	0	8,750	Mowing ($8,000) & Grading Repairs ($750)	
Total Maintenance Expenditures	$	-	$	2,000	$	149,550		
					
Total O&M Expenditures	$	-	$	83,625	$	259,575		
					
REVENUES LESS EXPENDITURES	$	-	$	-	$	792,883		
					
Bond Payments	0	0	(729,750)	2026 Principal & Interest Payments	
					
BALANCE	$	-	$	-	$	63,133		
					
County Appraiser & Tax Collector Fee	0	0	(21,044)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(42,089)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	-		

Notes
Annual O&M Per Unit: $501 ($259,575/518 SF Homes = $501) Annual O&M Per Unit - Grossed Up 6%: $533 ($501/.94= $533)

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2025)
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
0	
0	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
0	
729,750	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	730,750		

EXPENDITURES					

Principal Payments	
0	
0	
145,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
581,419	
Interest Payment Due In 2026	

Bond Redemption	
0	
-	
4,331	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	730,750		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Note: Capitalized Interest Set-Up Through 11/1/25.

Series 2025 Bond Information

Original Par Amount =	$10,300,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.25% - 6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2025			
Maturity Date =	May 2055			

Par Amount As Of 8/1/25 =	$10,300,000

TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year		Fiscal Year		Fiscal Year	
2023/2024		2024/2025		2025/2026	
Assessment*		Assessment*		Projected Assessment*	

O & M For 48' Single Family Unit

$	-	$	-	$

533.00

Debt For 48' Single Family Unit

$	-		$	-	

$	1,339.19

Total For 48' Single Family Unit

$	-	$	-	$

1,872.19

O & M For 50' Single Family Unit

$	-	$	-	$

533.00

Debt For 50 Single Family Unit

$	-		$	-	

$	1,399.15

Total For 50' Single Family Unit

$	-	$	-	$

1,932.15

O & M For 62' Single Family Unit

$	-	$	-	$

533.00

Debt For 62' Single Family Unit

$	-		$	-	

$	1,738.95

Total For 62' Single Family Unit

$	-	$	-	$

2,271.95

Page 17

* Assessments Include the Following: 4% Discount for Early Payments County Tax Collector Fee
County Property Appraiser Fee

Community Information (2025 Bond):
48' Single Family Units: 177
50' Single Family Units: 158
62' Single Family Units: 183
Total:	518 Units

RESOLUTION NO. 2025-39

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TWO RIDGES	COMMUNITY	DEVELOPMENT	DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Two Ridges Community Development District ("District") to establish a regular meeting schedule for fiscal year 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT, COLLIER COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 13th day of August, 2025.

ATTEST:	TWO RIDGES
COMMUNITY DEVELOPMENT DISTRICT

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

TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULES
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Two Ridges Community Development District will hold Regular Meetings in the Sales Office of Valencia Ridge located at 32555 Murano Court, Wesley Chapel, Florida 33543 at 1:00 p.m. on the following dates:

October 22, 2025
January 28, 2026
February 25, 2026
March 25, 2026
April 22, 2026
May 27, 2026
June 24, 2026
July 22, 2026
August 26, 2026
September 23, 2026

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.

From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
TWO RIDGES COMMUNITY DEVELOPMENT DISTRICT
www.tworidgescdd.org
PUBLISH: TAMPA BAY TIMES (PASCO COUNTY) 04/13/25