March 19, 2025 Board of Supervisors Dewey Robbins Community Development District Dear Board Members: The special meeting of the Board of Supervisors of the Dewey Robbins Community Development District will be held Wednesday, March 26, 2025, at 9:30 PM the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, FL 34711. Following is the advance agenda for the regular meeting: Board of Supervisors Meeting 1. Roll Call 2. Public Comment Period 3. Approval of Minutes of the October 23, 2024 Board of Supervisors Meeting 4. Consideration of Financing Related Items A. Presentation of Final Supplemental Assessment Methodology Report for the 2025 Project B. Presentation of the Master Engineer’s Report related to the Series 2025 Project C. Consideration of Resolution 2025-02 Supplemental Assessment Resolution D. Consideration of Supplemental Notice of Imposition of Series 2025 Assessments E. Consideration of Forms of Ancillary Documents for Series 2025 Bonds i. Completion Agreement (Series 2025 Bonds- HR Phase 1) Landsea ii. Completion Agreement (Series 2025 Bonds- HR Phase 2) TLC Hodges Reserve iii. Collateral Assignment (Series 2025 Bonds- HR Phase 1) MVPD & Landsea iv. Collateral Assignment (Series 2025 Bonds)- HR Phase 1 & 2) TLC Hodges Reserve v. True- Up Agreement (Series 2025 Bonds- HR Phase 2) TLC Hodges Reserve vi. Acquisition Agreement (Series 2025 Bonds- HR Phase 2) Landsea vii. Acquisition Agreement (Series 2025 Bonds- HR Phase 2) TLC Hodges Reserve viii. Declaration of Consent to Jurisdiction and Imposition of Series 2025 Assessments (HR Phase 1) MVPD iv. Declaration of Consent to Jurisdiction of the District and Imposition of Series 2025 Assessments (HR Phase 2) TLC Hodges Reserve 6. Ratification of Non- Disclosure Agreement with Lake County Property Appraiser 7. Ratification of Uniform Collection Agreement with Lake County Property Appraiser 8. Staff Reports A. Attorney i. Stormwater Ratification Bill O&M Requirements Memo B. Engineer i. 2025 CDD Rate Schedule C. District Manager’s Report i. Balance Sheet & Income Statement ii. Ratification of Funding Requests No. 7-10 9. Other Business 10. Supervisors Requests 11. Adjournment MINUTES OF MEETING DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Dewey Robbins Community Development District was held Wednesday, October 23, 2024, at 9:30 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida. Present and constituting a quorum: Tony Iorio Chairman Doug Beasley Vice Chairman Rocky Owen Assistant Secretary Tom Franklin Assistant Secretary Jason Lonas by phone Assistant Secretary Also present were: George Flint District Manager, GMS Sarah Sandy by phone District Counsel, Kutak Rock Kathy Leo by phone District Engineer, GAI Engineering Sara Zare by phone MBS Cynthia Wilhelm Nabors, Giblin FIRST ORDER OF BUSINESS Roll Call Mr. Iorio called the meeting to order and called roll. Four Board members were present constituting a quorum. Mr. Lonas joined by phone. SECOND ORDER OF BUSINESS Public Comment Period Mr. Flint stated only Board and staff are present for the meeting. THIRD ORDER OF BUSINESS Approval of Minutes of the August 28, 2024 Board of Supervisors Meeting Mr. Flint presented the minutes from the August 28, 2024 Board of Supervisors meeting and asked for any questions, comments, or corrections. The Board had no changes to the minutes. On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, the Minutes from the August 28, 2024 Board of Supervisors Meetings, were approved. FOURTH ORDER OF BUSINESS Financing Matters for Series 2024 Bonds A. Consideration of the Master Engineer’s Report Mr. Flint noted this District will rely on the Master that breaks the costs out so a Supplemental Report is not needed. The report in the agenda is from March 20, 2024 and the Board has seen this report in the past. Ms. Leo noted there have been no changes since the Board previously reviewed it. The report identifies the entire project and the cost for the entire project. Ms. Sandy noted the project being identified to be funded by the bonds that they refer to as the Series 2024 project includes Phase 1 & Phase 2 for the project. There has been a minor update to the lot mix reflected in the Supplemental Assessment Methodology. Ms. Sandy asked Ms. Leo if the cost estimates for Phase 1 & 2 and the Master Engineer’s Report are still reasonable and proper. Ms. Leo answered, yes. Ms. Sandy asked Ms. Leo if she is aware of any reason the District cannot carry out the Series 2024 project. Ms. Leo stated no she is not. B. Consideration of the First Supplemental Assessment Methodology Report Mr. Flint noted this is prepared for the offering document and will be updated upon final pricing. Table 1 shows the development plan for Phase 1 & 2 showing 305 total units, mix of 40 & 50 ft lots. ERU factors have been assigned to each product types resulting in 280 ERUs. Table 2 reflects the estimated infrastructure cost for Phase 1 & 2 totaling $18,670,628. Table 3 is a preliminary bond sizing and based on 5.25% interest rate, 30-year amortization, 11 months capitalized interest. This will not be priced and closed until a little later than the last one the Board saw so there is one less month of capitalized interest, 50% max annual debt, and 2% underwriter’s discount. Table 4 demonstrates the benefit based on improvement costs. Table 5 shows the benefit based on par debt. Table 6 shows the net and gross assessments that would result from the bond sizing and the assumptions included in this report. Phase 1 reflects the platted lots. Phase 2 is still unplatted and is 27.9 acres. Ms. Sandy asked Mr. Flint in his professional opinion is it reasonable and proper that the cost of the 2024 project against the lands of the 2024 Assessment Area in accordance with the methodology. Mr. Flint stated yes. She asked Mr. Flint if the assessed lands in the 2024 Assessment Area will receive special benefits that are equal to or in excess of the Special Assessments levied under the methodology. Mr. Flint stated yes. C. Consideration of Resolution 2025-01 Bond Delegation Resolution i. Exhibit A: Form of Bond Purchase Agreement ii. Exhibit B: Form of Master Indenture and Supplemental Indenture iii. Exhibit C: Form of Preliminary Limited Offering Memorandum iv. Exhibit D: Form of Continuing Disclosure Agreement v. Exhibit E: Form of Engineer’s Report vi. Exhibit F: Form of Ancillary Documents for Series 2024 Bonds Ms. Wilhelm presented Resolution 2025-01 which serves two main purposes. The first is to delegate to the Chair of the Board the authority to enter into a Bond Purchase Agreement so long as the terms of the purchase agreement are within certain parameters the Board will approve. The second purpose is to approve the forms of certain other documents that are needed in order to market, price, or sell the bonds including the Purchase Agreement, the Master and First Supplemental Trust Indentures, the Preliminary Limited Offering Memorandum, Continuing Disclosure Agreement, and Supplemental Assessment Methodology. The Chair is allowed to enter into the Bond Purchase Agreement as long as it’s within certain parameters described in Schedule I. She asked for any questions. On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, Resolution 2025-01 Bond Delegation Resolution, was approved substantial form. D. Consideration of Forms of Ancillary Documents for Series 2024 Bonds i. Completion Agreement ii. True-Up Agreement iii. Collateral Assignment and Assumption of Development and Contract Rights iv. Declaration of Consent to Jurisdiction of the District and Imposition of Series 2024 Assessments Mr. Flint noted these are not ready for consideration and will be brought back to the next meeting once the bonds are priced. Ms. Sandy noted most of these documents will be with the builder and the District, Landsea instead of Hanover. FIFTH ORDER OF BUSINESS Consideration of Acquisition Agreements A. TLC Hodges Reserve, LLC B. Landsea Homes of Florida, LLC Mr. Flint noted two acquisition agreements are in the agenda. There was assignment of an acquisition agreement handed out to the Board. Ms. Sandy noted the first acqusition agreement is with TLC Hodges Reserve, Hanover, LLC for Hodges Reserve Phase 2. The second acquisition agreement is with Landsea Homes of Florida, LLC for Hodges Reserve Phase 1. The bond proceeds that should be paid for the acqusition of improvements under this agreement can be assigned by Landsea to whoever they want without the consent of the District. On MOTION by Mr. Iorio, seconded by Mr. Franklin, with all in favor, the Acquisition Agreements, were approved in substantial form. SIXTH ORDER OF BUSINESS Consideration of Acquisition of Series 2024 Project Improvement Ms. Sandy noted in the agenda package is a description of improvements that are currently being worked on to acquire from Landsea which includes stormwater improvements, conservation area, roadway, water utilities, lift station improvements and some work products. The NTE amount for these improvements is $10.3M. She offered to take any questions, otherwise asked for a motion to approve the improvements in substantial form subject to repeat review by District Counsel of the documents required under the acquisition agreement. On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, the Acquisition of Series 2024 Project Improvements NTE $10.3M, was approved. SEVENTH ORDER OF BUSINESS Staff Reports A. Attorney Ms. Sandy noted this District in terms of financing is on a slightly longer timeline for issuing the bonds as the validation hearing had to be rescheduled due to a publication error. The validation hearing was moved to November 5th at 11:00 a.m. B. Engineer Ms. Leo had nothing to report. C. District Manager’s Report i. Balance & Income Sheet Mr. Flint presented the unaudited financials. He asked for any questions on the financials. On MOTION by Mr. Iorio, seconded by Mr. Owen, with all in favor, the Balance and Income Sheet, was approved. ii. Ratification of Funding Requests No. 4-6 Mr. Flint presented Funding Requests No. 4-6 to the Board. On MOTION by Mr. Iorio, seconded by Mr. Owen, with all in favor, Funding Requests No. 4-6, were ratified. EIGHTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. NINTH ORDER OF BUSINESS Supervisors Requests Mr. Flint scheduled a Special Meeting on December 10th at 10:00 a.m. at Cooper Memorial Library. On MOTION by Mr. Iorio, seconded by Mr. Owen, with all in favor, Adding a Special Meeting December 10th at 10:00 a.m., was approved. TENTH ORDER OF BUSINESS Adjournment Mr. Flint asked the Board for a motion to adjourn. On MOTION by Mr. Iorio, seconded by Mr. Franklin, with all in favor, the meeting was adjourned. ___________________________ _____________________________ RESOLUTION 2025-02 [SUPPLEMENTAL 170.08 ASSESSMENT RESOLUTION – SERIES 2025 BONDS] A RESOLUTION MAKING CERTAIN FINDINGS; CONFIRMING THE ENGINEER’S REPORT AND APPROVING THE SUPPLEMENTAL ASSESSMENT REPORT; SETTING FORTH THE TERMS OF THE SERIES 2025 BONDS; CONFIRMING THE MAXIMUM ASSESSMENT LIEN SECURING THE SERIES 2025 BONDS; LEVYING AND ALLOCATING ASSESSMENTS SECURING SERIES 2025 BONDS; ADDRESSING COLLECTION OF THE SAME; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR A SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SPECIAL ASSESSMENTS; AND PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE. WHEREAS, the Dewey Robbins Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct, or acquire certain public infrastructure improvements and to finance such public infrastructure improvements through the imposition of special assessments on benefitted property within the District and the issuance of bonds; and WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notice and public hearing, Resolution 2024-30, relating to the imposition, levy, collection, and enforcement of such special assessments; and WHEREAS, pursuant to and consistent with the terms of Resolution 2024-30, this Resolution shall set forth the terms of bonds to be actually issued by the District and apply the adopted special assessment methodology to the actual scope of the project to be completed with such series of bonds and the terms of the bond issue; and WHEREAS, on March 13, 2025, the District entered into a Bond Purchase Agreement whereby it agreed to sell its $5,030,000 Capital Improvement Revenue Bonds, Series 2025 (“Series 2025 Bonds”); and WHEREAS, pursuant to and consistent with Resolution 2024-30, the District desires to set forth the particular terms of the sale of the Series 2025 Bonds and confirm the levy of special assessments securing the Series 2025 Bonds (“Series 2025 Assessments”). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including without limitation Chapters 170, 190, and 197, Florida Statutes, and Resolution 2024-30. SECTION 2. MAKING CERTAIN FINDINGS; CONFIRMING THE ENGINEER’S REPORT AND APPROVING THE SUPPLEMENTAL ASSESSMENT REPORT. The District’s Board hereby finds and determines as follows: (a) On May 22, 2024, the District, after due notice and public hearing, adopted Resolution 2024-30, which, among other things, equalized, approved, confirmed, and levied special assessments on property benefitting from the infrastructure improvements authorized by the District. That Resolution provided that as each series of bonds were issued to fund all or any portion of the District’s infrastructure improvements, a supplemental resolution would be adopted to set forth the specific terms of the bonds and to certify the amount of the lien of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, the true-up amounts, and the application of receipt of true-up proceeds. (b) The Master Engineer’s Report dated March 20, 2024, prepared by the District Engineer, GAI Consultants, Inc., and attached to this Resolution as Exhibit A (as may be amended and/or supplemented from time to time, the “Engineer’s Report”), identifies and describes the District’s capital improvement plan (“Master Project”). The District presently intends to undertake the planning, design, acquisition, construction, and installation of infrastructure improvements for Hodges Reserve Phase 1 and Hodges Reserve Phase 2 of the Master Project (“Series 2025 Project“) as identified and described in the Engineer’s Report, and finance such Series 2025 Project in part with its Series 2025 Bonds. The Engineer’s Report sets forth the costs of the Series 2025 Project as $18,670,630. The District hereby confirms that the Series 2025 Project serves a proper, essential, and valid public purpose. The use of the Engineer’s Report in connection with the sale of the Series 2025 Bonds is hereby ratified. (c) The First Supplemental Assessment Methodology for the 2025 Project, dated March 14, 2025, attached to this Resolution as Exhibit B (“Supplemental Assessment Report”), applies the adopted Master Assessment Methodology, dated March 20, 2024, and approved by Resolution 2024-30 on May 22, 2024 (“Master Assessment Report” and together with the Supplemental Assessment Report, “Assessment Report”), to the Series 2025 Project and the actual terms of the Series 2025 Bonds. The Supplemental Assessment Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Series 2025 Bonds. (d) Subject to the terms of Exhibit A and Exhibit B, the Series 2025 Project specially benefits certain developable acreage in the District (“2025 Assessment Area”), as set forth in the Supplemental Assessment Report. It is reasonable, proper, just, and right to assess the portion of the costs of the Series 2025 Project financed with the Series 2025 Bonds to the specially benefitted properties within the District as set forth in Resolution 2024-30 and this Resolution. SECTION 3. SETTING FORTH THE TERMS OF THE SERIES 2025 BONDS; CONFIRMING THE MAXIMUM ASSESSMENT LIEN SECURING THE SERIES 2025 BONDS. As provided in Resolution 2024-30, this Resolution is intended to set forth the terms of the Series 2025 Bonds and the final amount of the lien of the Series 2025 Assessments securing those bonds. The Series 2025 Bonds, in an aggregate par amount of $5,030,000, shall bear such rates of interest and mature on such dates as shown on Exhibit C attached hereto. The sources and uses of funds of the Series 2025 Bonds shall be as set forth in Exhibit D. The debt service due on the Series 2025 Bonds is set forth on Exhibit E attached hereto. The lien of the Series 2025 Assessments securing the Series 2025 Bonds on those certain developable land within the District, as such land is described in Exhibit B, shall be the principal amount due on the Series 2025 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which the annual assessments shall be grossed up to include early payment discounts required by law and costs of collection. SECTION 4. LEVYING AND ALLOCATING THE SERIES 2025 ASSESSMENTS SECURING THE SERIES 2025 BONDS; ADDRESSING COLLECTION OF THE SAME. (a) The Series 2025 Assessments securing the Series 2025 Bonds shall be levied and allocated in accordance with Exhibit B. The Supplemental Assessment Report is consistent with the District’s Master Assessment Report. The Supplemental Assessment Report, considered herein, reflects the actual terms of the issuance of the Series 2025 Bonds. The estimated costs of collection of the Series 2025 Assessments for the Series 2025 Bonds are as set forth in the Supplemental Assessment Report. (b) The lien of the Series 2025 Assessments securing the Series 2025 Bonds includes certain developable acreage within the District (as the District’s boundaries may be adjusted pursuant to law), as further provided in the Series 2025 Assessment Roll included in the Supplemental Assessment Report, and as such land is ultimately defined and set forth in site plans or other designations of developable acreage. To the extent that land is added to the District and made subject to the master assessment lien described in the Master Assessment Report, the District may, by supplemental resolution at a regularly noticed meeting and without the need for a public hearing on reallocation, determine such land to be benefitted by the Series 2025 Project and reallocate the Series 2025 Assessments securing the Series 2025 Bonds in order to impose Series 2025 Assessments on the newly added and benefitted property. (c) Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture, dated March 1, 2025, and First Supplemental Trust Indenture, dated March 1, 2025, the District shall for Fiscal Year 2025/2026, begin annual collection of Series 2025 Assessments for the Series 2025 Bonds debt service payments using the methods available to it by law. The Series 2025 Bonds include an amount for capitalized interest through November 1, 2025. Beginning with the first debt service payment on May 1, 2025, there shall be thirty (30) years of installments of principal and interest, as reflected on Exhibit E. (d) The District hereby certifies the Series 2025 Assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed for collection by Volusia County and other Florida law. The District’s Board each year shall adopt a resolution addressing the manner in which the Series 2025 Assessments shall be collected for the upcoming fiscal year. The decision to collect Series 2025 Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect Series 2025 Assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices. SECTION 5. CALCULATION AND APPLICATION OF TRUE-UP PAYMENTS. The terms of Resolution 2024-30 addressing True-Up Payments, as defined therein and as described in more detail in the Assessment Report shall continue to apply in full force and effect. SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution, the Series 2025 Assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The Series 2025 Assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcels until paid and such lien shall be coequal with the lien of all state, county, district, municipal, or other governmental taxes and superior in dignity to all other liens, titles, and claims. SECTION 7. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Series 2025 Assessments securing the Series 2025 Bonds in the Official Records of Lake County, Florida, or such other instrument evidencing the actions taken by the District. SECTION 8. CONFLICTS. This Resolution is intended to supplement Resolution 2024- 30, which remains in full force and effect. This Resolution and Resolution 2024-30 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed. SECTION 9. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force, and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional. SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] APPROVED and ADOPTED, this 26th day of March 2025. ATTEST: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT ______________________________ ____________________________________ Secretary/Assistant Secretary Chairperson, Board of Supervisors Exhibit A: Engineer’s Report Exhibit B: Supplemental Assessment Report Exhibit C: Maturities and Coupon of Series 2025 Bonds Exhibit D: Sources and Uses of Funds for Series 2025 Bonds Exhibit E: Annual Debt Service Payment Due on Series 2025 Bonds EXHIBIT A Engineer’s Report EXHIBIT B Supplemental Assessment Report EXHIBIT C Maturities and Coupon of Series 2025 Bonds EXHIBIT D Sources and Uses of Funds for Series 2025 Bonds EXHIBIT E Annual Debt Service Payment Due on Series 2025 Bonds This instrument prepared by and return to: Sarah R. Sandy, Esq. KUTAK ROCK LLP 107 West College Avenue Tallahassee, Florida 32301 NOTICE OF SPECIAL ASSESSMENTS / GOVERNMENT LIEN OF RECORD DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT (SERIES 2025 ASSESSMENTS) PLEASE TAKE NOTICE that the Board of Supervisors of the Dewey Robbins Community Development District (“District”) in accordance with Chapters 170, 190, and 197, Florida Statutes, adopted Resolution Nos. 2024-25, 2024-26, 2024-30 and 2025-02 (collectively, “Assessment Resolutions”) providing for, levying, and setting forth the terms of non-ad valorem special assessments constituting a governmental lien on certain real property within the boundaries of the District that are specially benefitted by the Master Project improvements for Hodges Reserve Phase 1 and Hodges Reserve Phase 2 (“Series 2025 Project”) as described in the District’s adopted Master Engineer’s Report, dated March 20, 2024 (“Engineer’s Report”). To finance a portion of the costs of the Series 2025 Project, the District issued its Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area), which are secured by the non-ad valorem assessments levied by the Assessment Resolutions (the “Series 2025 Assessments”). The legal description of the lands on which said Series 2025 Assessments are imposed is attached to this Notice as Exhibit A. A copy of the Assessment Resolutions, Engineer’s Report, and the Assessment Report (as defined in the Assessment Resolutions) may be obtained from the registered agent of the District as designated to the Florida Department of Commerce in accordance with Section 189.014, Florida Statutes, or by contacting the District’s Manager at: Dewey Robbins Community Development District, c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801, Ph.: 407-841-5524. The Series 2025 Assessments provided for in the Assessment Resolutions were legally and validly determined and levied in accordance with all applicable requirements of Florida law, and the Series 2025 Assessments constitute and will at all relevant times in the future constitute, legal, valid and binding first liens on the land against which assessed until paid, coequal with the lien of all state, county, district and municipal taxes, and superior in dignity to all other liens, titles and claims. Please note that, as part of the Series 2025 Assessments, the Assessment Resolutions require that certain “True-Up Payments” be made in certain circumstances, and landowners should familiarize themselves with those requirements, as they constitute a requirement under the liens. The District is a special-purpose form of local government established pursuant to and governed by Chapter 190, Florida Statutes. This notice shall remain effective even if the District undergoes merger, boundary amendment, or name change. Further, this notice shall constitute a lien of record under Florida law, including but not limited to Chapter 197, Florida Statutes, and Sections 197.552 and 197.573, Florida Statutes, among others. Pursuant to Section 190.048, Florida Statutes, you are hereby notified that: THE DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE AND LEVY TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON THIS PROPERTY. THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES AND SERVICES OF THE DISTRICT AND ARE SET ANNUALLY BY THE GOVERNING BOARD OF THE DISTRICT. THESE TAXES AND ASSESSMENTS ARE IN ADDITION TO COUNTY AND OTHER LOCAL GOVERNMENTAL TAXES AND ASSESSMENTS AND ALL OTHER TAXES AND ASSESSMENTS PROVIDED FOR BY LAW. [remainder of this page intentionally left blank] IN WITNESS WHEREOF, this Notice has been executed to be effective as of March 28, 2025, and recorded in the Official Records of Lake County, Florida. WITNESSES By: Print Name: Address: _________________________________ DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT By: Name: Anthony Iorio Title: Chairman By: Print Name: Address: _________________________________ STATE OF FLORIDA COUNTY OF ________________ The foregoing instrument was acknowledged before me by means of . physical presence or . online notarization, this ___ day of ____________, 2025, by Anthony Iorio, Chairman of Dewey Robbins Community Development District, who is either personally known to me, or produced ______________________ as identification. _________________________________________ Print Name:_______________________________ Notary Public, State of Florida Commission No.:___________________________ My Commission Expires: ____________________ EXHIBIT A [HODGES RESERVE PHASE 1] Lots 1 thru 163, inclusively, HODGES RESERVE PHASE 1, according in the Plat thereof, as recorded in the Public Records of Lake County, Florida, at Plat Book 84, Pages 93-98. AND, ALSO INCLUDING: [HODGES RESERVE PHASE 2] A PARCEL OF LAND LYING IN SECTIONS 31 AND 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST, LAKE COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF THE SOUTHEAST 1/4 OF SECTION 31, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN N 00°45'28" E ALONG THE EAST LINE OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, A DISTANCE OF 663.44 FEET TO THE NORTHEAST CORNER OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, ALSO BEING THE POINT OF BEGINNING; THENCE DEPARTING SAID EAST LINE, RUN N 89°27'21" W, A DISTANCE OF 519.69 FEET; THENCE N 00°00'00" E, A DISTANCE OF 146.59 FEET; THENCE S 90°00'00" E, A DISTANCE OF 18.44 FEET; THENCE N 00°00'00" E, A DISTANCE OF 50.00 FEET; THENCE S 90°00'00" E, A DISTANCE OF 100.00 FEET; THENCE N 00°00'00" E, A DISTANCE OF 282.31 FEET; THENCE N 49°53'09" W, A DISTANCE OF 198.17 FEET; THENCE N 90°00'00" W, A DISTANCE OF 565.94 FEET; THENCE NORTHERLY, 40.17 FEET ALONG THE ARC OF A NONTANGENT CURVE TO THE LEFT HAVING A RADIUS OF 275.00 FEET AND A CENTRAL ANGLE OF 08°22'13" (CHORD BEARING N 04°11'07" E, 40.14 FEET); THENCE N 00°00'00" E, A DISTANCE OF 59.97 FEET; THENCE NORTHEASTERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" E, 28.28 FEET); THENCE N 00°00'00" W, A DISTANCE OF 50.00 FEET; THENCE NORTHWESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" W, 28.28 FEET); THENCE N 00°00'00" E, A DISTANCE OF 85.45 FEET; THENCE NORTHERLY, 15.46 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CENTRAL ANGLE OF 11°48'44" (CHORD BEARING N 05°54'22" E, 15.43 FEET); THENCE N 90°00'00" E, A DISTANCE OF 651.01 FEET; THENCE S 63°47'29" E, A DISTANCE OF 71.27 FEET; THENCE S 38°09'10" E, A DISTANCE OF 35.62 FEET; THENCE S 49°53'09" E, A DISTANCE OF 80.00 FEET; THENCE S 49°53'08" E, A DISTANCE OF 117.41 FEET; THENCE S 49°53'10" E, A DISTANCE OF 63.12 FEET; THENCE S 40°29'51" E, A DISTANCE OF 23.86 FEET; THENCE S 32°18'21" E, A DISTANCE OF 67.66 FEET; THENCE S 12°32'55" E, A DISTANCE OF 67.66 FEET; THENCE S 01°03'23" E, A DISTANCE OF 22.83 FEET; THENCE N 27°14'19" E, A DISTANCE OF 68.99 FEET; THENCE N 60°19'45" E, A DISTANCE OF 101.14 FEET TO THE EAST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 31; THENCE ALONG SAID EAST LINE, RUN N 00°45'28" E, A DISTANCE OF 41.20 FEET TO THE SOUTHWEST CORNER OF THE NORTH 1/2 OF SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN S 89°33'32" E ALONG THE SOUTH LINE OF NORTH 1/2 OF SOUTHWEST 1/4 OF SAID SECTION 32, A DISTANCE OF 1276.29 FEET; THENCE DEPARTING SAID SOUTH LINE RUN S 30°26'32" W, A DISTANCE OF 396.29 FEET; THENCE S 59°33'28" E, A DISTANCE OF 22.35 FEET; THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 202.00 FEET; THENCE SOUTHERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 14°33'28" E, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE N 59°33'28" W, A DISTANCE OF 50.00 FEET; THENCE S 30°26'32" W, A DISTANCE OF 100.50 FEET; THENCE N 59°33'28" W, A DISTANCE OF 92.24 FEET; THENCE WESTERLY, 183.04 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 344.50 FEET AND A CENTRAL ANGLE OF 30°26'32" (CHORD BEARING N 74°46'44" W, 180.89 FEET); THENCE N 90°00'00" W, A DISTANCE OF 359.41 FEET; THENCE N 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 50.00 FEET; THENCE S 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 120.00 FEET; THENCE S 38°47'07" W, A DISTANCE OF 40.44 FEET TO THE POINT OF BEGINNING. CONTAINING 27.939 ACRES, MORE OR LESS. COMPLETION AGREEMENT (SERIES 2025 BONDS – HR PHASE 1) THIS COMPLETION AGREEMENT (SERIES 2025 BONDS – HR PHASE 1) (“Agreement”) is made and entered into on March 28, 2025, by and between: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located entirely within the City of Leesburg, Florida (the “District”); and LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company, developer of a portion of the lands within the boundaries of the District, whose address is 2420 S. Lakemont Avenue, Suite 450, Orlando, Florida 32814 (the “HR Phase 1 Developer,” and together with the District, each a “Party” and collectively the “Parties”). RECITALS WHEREAS, the District was established by ordinance adopted by the City Commission of the City of Leesburg, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), and is validly existing under the Constitution and laws of the State of Florida; and WHEREAS, the Act authorizes the District to issue bonds for the purpose, among others, of planning, financing, constructing, operating and/or maintaining certain infrastructure, including but not limited to: stormwater management facilities; potable water, reclaimed water, and wastewater systems; onsite and offsite roadway improvements; undergrounding of electrical; gas; landscape, hardscape, and irrigation improvements; and other infrastructure, all within or without the boundaries of the District; and WHEREAS, the HR Phase 1 Developer is the developer of certain lands within the boundaries of the District known as Hodges Reserve Phase 1 (“HR Phase 1” or “Development”), which together with those certain lands in the District known as Hodges Reserve Phase 2 (“HR Phase 2”) shall be known as the “2025 Assessment Area;” and WHEREAS, the District has adopted an improvement plan to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities, and services comprising the District’s capital improvement plan (“Master Project”) as detailed in the Master Engineer’s Report dated March 20, 2024 (as amended and/or supplemented from time to time, the “Engineer’s Report”), attached hereto as Exhibit A; and WHEREAS, the District has imposed special assessments on the property within the District to secure financing for the construction of the Master Project described in the Engineer’s Report, and has validated not to exceed $69,500,000 Dewey Robbins Community Development District Capital Improvement Revenue Bonds, to be issued in one or more series (“Bonds”), to fund the planning, design, permitting, construction and/or acquisition of improvements in the Master Project; and WHEREAS, the District presently intends to undertake the planning, design, acquisition, construction, and installation of the Master Project improvements for the 2025 Assessment Area, which consists of the Master Project improvements for HR Phase 1 (“HR Phase 1 Project”) and the Master Project improvements for Hodges Reserve Phase 2 (“HR Phase 2 Project,” and together with the HR Phase 1 Project, “Series 2025 Project”), all as further described in the Engineer’s Report; and WHEREAS, the anticipated costs of such HR Phase 1 Project is $11,975,412 as identified in Exhibit F of the Engineer’s Report; and WHEREAS, the District presently intends to issue $[PAR] Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area) (“Series 2025 Bonds”) to fund a portion of the Series 2025 Project, and impose special assessments on the 2025 Assessment Area for the repayment of the Series 2025 Bonds (“Series 2025 Assessments”), as further detailed in that certain Master Assessment Methodology dated March 20, 2024 (“Master Assessment Report”), as supplemented by the First Supplemental Assessment Methodology for the 2025 Project dated March 14, 2025 (“Supplemental Assessment Report,” and together with the Master Assessment Report, the “Assessment Report”); and WHEREAS, in order to ensure that the HR Phase 1 Project1 1 Note, the Series 2025 Project includes those Master Project improvements relating to both HR Phase 1 and HR Phase 2. The Series 2025 Project improvements relating to HR Phase 2, which are also described in the Engineer’s Report, necessary for the development of the 2025 Assessment Area, and available to be funded by the Series 2025 Bonds, are not included in the Remaining Improvements that are subject to this Agreement. Instead, Series 2025 Project improvements relating to HR Phase 2 will be subject to a separate completion agreement by and between the District and TLC Hodges Reserve, LLC. is completed and funding is available in a timely manner to provide for its completion, the HR Phase 1 Developer will make provision for any additional funds that may be needed in the future for the completion of the HR Phase 1 Project, including, but not limited to, all reasonable and customary administrative, legal, warranty, engineering, permitting or other related soft costs to the extent such costs are not funded from the Series 2025 Bonds or additional series of Bonds subsequently issued by the District for the HR Phase 1 Project, which determination to issue such additional series of Bonds shall be in the District’s sole discretion; and WHEREAS, as reflected in the Assessment Report, the Series 2025 Assessment levels have been determined based on targeted annual assessment installments provided by the HR Phase 1 Developer in order to achieve certain market-level, end user assessments; and WHEREAS, in order to achieve the targeted Series 2025 Assessment levels under the methodology provided in the Assessment Report, the Assessment Report contemplates, and the Parties hereby agree, that the HR Phase 1 Developer shall contribute Master Project infrastructure to satisfy the reduction of Series 2025 Assessments allocated to residential units in HR Phase 1 of the District in order to achieve certain targeted market-level assessments desired by the HR Phase 1 Developer. NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the HR Phase 1 Developer agree as follows: 1. INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Agreement. 2. COMPLETION OF IMPROVEMENTS. The HR Phase 1 Developer and District agree and acknowledge that the District intends to issue the Series 2025 Bonds that will provide only a portion of the funds necessary to complete the Series 2025 Project. As more particularly set forth in paragraphs 2(a) and 2(b) below, in the event the cost of the HR Phase 1 Project is such that the construction funds available from the Series 2025 Bonds and any series of Bonds subsequently issued by the District to fund the HR Phase 1 Project are insufficient to complete the HR Phase 1 Project, which determination to issue additional series of Bonds and determination of insufficiency shall be in the sole and exclusive discretion of the District, the HR Phase 1 Developer hereby agrees to complete, cause to be completed, provide funds or cause funds to be provided to the District in an amount sufficient to allow the District to complete or cause to be completed, those portions of the HR Phase 1 Project which remain unfunded including, but not limited to, all reasonable and customary administrative, legal, warranty, engineering, permitting or other related soft costs (the “Remaining Improvements”) whether pursuant to existing contracts, including change orders thereto, or future contracts. Nothing herein shall cause or be construed to require, or prohibit, the District to issue additional bonds or indebtedness – other than Series 2025 Bonds – to provide funds for any portion of the Remaining Improvements. The District and HR Phase 1 Developer hereby acknowledge and agree that the District’s execution of this Agreement constitutes the manner and means by which the District has elected to provide any and all portions of the HR Phase 1 Project not funded by Series 2025 Bonds, including but not limited to the Remaining Improvements. (a) When all or any portion of the Remaining Improvements are the subject of an existing District contract, the HR Phase 1 Developer shall provide funds or cause funds to be provided directly to the District in an amount sufficient to complete the Remaining Improvements pursuant to such contract, including change orders thereto, upon written notice from the District. (b) When any portion of the Remaining Improvements is not the subject of an existing District contract, the HR Phase 1 Developer may choose to: (a) complete, cause to be completed, provide funds or cause funds to be provided to the District in an amount sufficient to allow the District to complete or cause to be completed, those Remaining Improvements; or (b) have the District enter into a contract and proceed under Section 2(a) above, subject, in each case to a formal determination by the District’s Board of Supervisors that the option selected by the HR Phase 1 Developer will not adversely impact the District, and is in the District’s best interests. (c) As portions of the Remaining Improvements are completed as determined by the HR Phase 1 Developer, the HR Phase 1 Developer shall notify the District of such completion. Upon conveyance of the Remaining Improvements to the final operations and maintenance entity as provided herein, the District shall acknowledge, or cause there to be acknowledged, in writing, the final completion and acceptance of such Remaining Improvements. 3. OTHER CONDITIONS AND ACKNOWLEDGMENTS RELATING TO THE COMPLETION OF IMPROVEMENTS (a) The District and the HR Phase 1 Developer agree and acknowledge that the exact location, size, configuration and composition of the HR Phase 1 Project may change from that described in the Engineer’s Report, depending upon final design of the Development, permitting or other regulatory requirements over time, or other factors. Material changes to the HR Phase 1 Project shall be made by a written amendment to the Engineer’s Report, which shall include an estimate of the cost of the changes and shall be subject to District and HR Phase 1 Developer’s review and consent, which shall not be unreasonably withheld. In the event of a material change to the scope, configuration, size and/or composition of the HR Phase 1 Project in response to a requirement imposed by a regulatory agency, neither the District nor HR Phase 1 Developer’s consent to such material change is required hereunder and the HR Phase 1 Developer must meet its completion obligations hereunder, or cause them to be met. Notwithstanding anything to the contrary contained in this Agreement, the payment or performance by HR Phase 1 Developer of its obligations hereunder is expressly subject to, dependent and conditioned upon (a) the issuance of $[PAR] par amount of the Series 2025 Bonds and use of the proceeds thereof to fund a portion of the Series 2025 Project, and (b) except as provided hereunder, the scope, configuration, size and/or composition of the HR Phase 1 Project not materially changing. (b) The District and HR Phase 1 Developer agree and acknowledge that any and all portions of the Remaining Improvements which are constructed, or caused to be constructed, by the HR Phase 1 Developer shall be conveyed to the District or such other appropriate unit of local government as is designated in the Engineer’s Report or required by governmental regulation or development approval (“O&M Entity”). All conveyances to another governmental entity shall be in accordance with and in the same manner as provided in any agreement between the District and the appropriate unit of local government. Further, all such conveyances to the District shall be done in a manner consistent with the Parties’ Acquisition Agreement (Series 2025 Bonds – HR Phase 1) effective as of March 28, 2025 (“Acquisition Agreement”) and, without intending to limit the same, shall include all necessary real property interests for the O&M Entity to own, operate and maintain the Remaining Improvements. 4. CONTRIBUTIONS REQUIRED BY ASSESSMENT REPORT. (a) The District and HR Phase 1 Developer acknowledge and agree that the Assessment Report contemplates that HR Phase 1 Developer shall be responsible for contributions of Master Project infrastructure to the District (“Contribution”) to satisfy the reduction of Series 2025 Assessments allocated to residential units in HR Phase 1 in order to achieve certain targeted market-level assessments desired by the HR Phase 1 Developer. HR Phase 1 Developer agrees to make the Contribution to the District, in the total amount listed below, in one or more installments of (i) funds or (ii) subject to the terms of the Acquisition Agreement and this Agreement, the District Improvements, Work Product or Real Property (as each term is defined in the Acquisition Agreement). (b) As of the Effective Date of this Agreement, HR Phase 1 is platted with 51 Single Family 40’ units and 112 Single Family 50’ units. Based on such platted units, the required amount of Contribution for HR Phase 1 is equal to Three Hundred Seventy-Three Thousand One Hundred Fifty Dollars ($373,150) (i.e., the number of platted units for HR Phase 1, by product type, multiplied by the amounts set forth in Table 5 of the Supplemental Assessment Report under the column titled “Developer Contributions Per Unit.”) The HR Phase 1 Developer’s Contribution under this Section 4 shall be tendered to the District on or before eight (8) years following the issuance of the Series 2025 Bonds. (c) Each Contribution installment of Master Project infrastructure shall be valued and processed in the same manner as acquisitions under the Acquisition Agreement. Contributions may be treated as a set off to acquisition prices for District Improvements, Work Product, and Real Property. Because the District’s HR Phase 1 Project involves District Improvements, Work Product and Real Property which may be incapable of being divided into components which exactly match the contribution requirements herein or which exactly match available Series 2025 Bond proceeds, HR Phase 1 Developer shall be permitted to allocate the monetary amount to be treated as an acquisition cost and the monetary amount to be considered a Contribution installment for any one component of the District’s Series 2025 Project. For illustration purposes only, if HR Phase 1 Developer seeks to transfer to the District a roadway with a value (as determined by the Acquisition Agreement) of $10 million and there is only $5 million in available Series 2025 Bond proceeds, HR Phase 1 Developer may designate $5 million as an acquisition cost and $5 million as a Contribution installment. (d) If any Contribution installment of District Improvements, Work Product and Real Property is to be conveyed to a third-party governmental body, then HR Phase 1 Developer agrees to cooperate and provide such certifications or documents as may be required by that governmental body, if any, as well as provide the District documentation of such Contribution installment to the reasonable satisfaction of the District. 5. DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A default by either Party under this Agreement, which continues for a period of thirty (30) days after notice of such default, shall entitle the other Party to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages, injunctive relief, and/or, if applicable, specific performance, but excluding punitive and consequential damages and subject to the recourse limitations in the documents applicable to the District and the Series 2025 Bonds. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement. 6. ENFORCEMENT OF AGREEMENT. In the event that either of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to recover from the other Party all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings. 7. AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the HR Phase 1 Developer. 8. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the HR Phase 1 Developer, both the District and the HR Phase 1 Developer have complied with all the requirements of law, and both the District and the HR Phase 1 Developer have full power and authority to comply with the terms and provisions of this Agreement. 9. NOTICES. All notices, requests, consents, and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the Parties, as follows: A. If to the District: Dewey Robbins Community Development District 219 East Livingston Street Orlando, Florida 32801 Attn: District Manager With a copy to: Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel B. If to the HR Phase 1 Developer: Landsea Homes of Florida LLC 2420 S. Lakemont Avenue, Suite 450 Orlando, Florida 32814 Attn: Vice President of Land With a copy to: Shutts & Bowen LLP 300 South Orange Avenue, Suite 1600 Orlando, Florida 32801 Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the HR Phase 1 Developer may deliver Notice on behalf of the District and the HR Phase 1 Developer. Any Party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth herein. 10. ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the HR Phase 1 Developer as an arm’s length transaction. Both Parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, both Parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District or the HR Phase 1 Developer. 11. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and the HR Phase 1 Developer, and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal Party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the HR Phase 1 Developer any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the HR Phase 1 Developer and their respective representatives, successors, and assigns. Notwithstanding anything in this Agreement to the contrary, the trustee for the Series 2025 Bonds (“Trustee”), on behalf of the Series 2025 Bond holders, shall be a direct third-party beneficiary of the terms and conditions of this Agreement and acting at the direction of and on behalf of the bondholders owning a majority of the aggregate principal amount of Series 2025 Bonds then outstanding, shall be entitled to enforce the HR Phase 1 Developer’s obligations hereunder. The Trustee shall not be deemed to have assumed any obligations under this Agreement. 12. ASSIGNMENT. Neither the District nor the HR Phase 1 Developer may assign this Agreement or any monies to become due hereunder without the prior written approval of the other. 13. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. Each Party consents that the venue for any litigation arising out of or related to this Agreement shall be in Lake County, Florida. 14. EFFECTIVE DATE. This Agreement shall be effective after execution by the Parties hereto on the date reflected above. 15. PUBLIC RECORDS. The HR Phase 1 Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and treated as such in accordance with Florida law. 16. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable. 17. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. 18. FORCE MAJEURE. If any Party hereto shall be delayed in, hindered in or prevented from performing any of its obligations under this Agreement by reason of labor disputes, inability to obtain any necessary materials or services, acts of God, weather conditions that are unusually severe or exceed average conditions for that time of year, persistent inclement weather, war, terrorist acts, insurrection, or delays caused by governmental permitting or regulations, the time for performance of such obligation shall be automatically extended (on a day for day basis) for a period equal to the period of such delay. 19. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement. 20. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document. [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK.] IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written above. Attest: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT ____________________________ ____________________________ Secretary/Assistant Secretary By: Anthony Iorio Its: Chairperson LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company ___________________________ By: Witness Name: ___________________________ Its: ______________________________ Exhibit A: Engineer’s Report Exhibit A Engineer’s Report COMPLETION AGREEMENT (SERIES 2025 BONDS – HR PHASE 2) THIS COMPLETION AGREEMENT (SERIES 2025 BONDS – HR PHASE 2) (“Agreement”) is made and entered into on March 28, 2025, by and between: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located entirely within the City of Leesburg, Florida (the “District”); and TLC HODGES RESERVE, LLC, a Florida limited liability company, an owner and developer of a portion of the lands within the boundaries of the District, whose address is 2420 S. Lakemont Avenue, Suite 450, Orlando, Florida 32814 (the “Master Landowner,” and together with the District, each a “Party” and collectively the “Parties”). RECITALS WHEREAS, the District was established by ordinance adopted by the City Commission of the City of Leesburg, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), and is validly existing under the Constitution and laws of the State of Florida; and WHEREAS, the Act authorizes the District to issue bonds for the purpose, among others, of planning, financing, constructing, operating and/or maintaining certain infrastructure, including but not limited to: stormwater management facilities; potable water, reclaimed water, and wastewater systems; onsite and offsite roadway improvements; undergrounding of electrical; gas; landscape, hardscape, and irrigation improvements; and other infrastructure, all within or without the boundaries of the District; and WHEREAS, the Master Landowner is the owner and developer of certain lands within the boundaries of the District known as Hodges Reserve Phase 2 (“HR Phase 2” or “Development”), which together with those certain lands in the District known as Hodges Reserve Phase 1 (“HR Phase 1”) shall be known as the “2025 Assessment Area;” and WHEREAS, the District has adopted an improvement plan to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities, and services comprising the District’s capital improvement plan (“Master Project”) as detailed in the Master Engineer’s Report dated March 20, 2024 (as amended and/or supplemented from time to time, the “Engineer’s Report”), attached hereto as Exhibit A; and WHEREAS, the District has imposed special assessments on the property within the District to secure financing for the construction of the Master Project described in the Engineer’s Report, and has validated not to exceed $69,500,000 Dewey Robbins Community Development District Capital Improvement Revenue Bonds, to be issued in one or more series (“Bonds”), to fund the planning, design, permitting, construction and/or acquisition of improvements in the Master Project; and WHEREAS, the District presently intends to undertake the planning, design, acquisition, construction, and installation of the Master Project improvements for the 2025 Assessment Area, which consists of the Master Project improvements for HR Phase 1 (“HR Phase 1 Project”) and the Master Project improvements for Hodges Reserve Phase 2 (“HR Phase 2 Project,” and together with the HR Phase 1 Project, “Series 2025 Project”), all as further described in the Engineer’s Report; and WHEREAS, the anticipated costs of such HR Phase 2 Project is $6,695,218 as identified in Exhibit F of the Engineer’s Report; and WHEREAS, the District presently intends to issue $[PAR] Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area) (“Series 2025 Bonds”) to fund a portion of the Series 2025 Project, and impose special assessments on the 2025 Assessment Area for the repayment of the Series 2025 Bonds (“Series 2025 Assessments”), as further detailed in that certain Master Assessment Methodology dated March 20, 2024 (“Master Assessment Report”), as supplemented by the First Supplemental Assessment Methodology for the 2025 Project dated March 14, 2025 (“Supplemental Assessment Report,” and together with the Master Assessment Report, the “Assessment Report”); and WHEREAS, in order to ensure that the HR Phase 2 Project1 1 Note, the Series 2025 Project includes those Master Project improvements relating to both HR Phase 1 and HR Phase 2. The Series 2025 Project improvements relating to HR Phase 1, which are also described in the Engineer’s Report, necessary for the development of the 2025 Assessment Area, and available to be funded by the Series 2025 Bonds, are not included in the Remaining Improvements that are subject to this Agreement. Instead, Series 2025 Project improvements relating to HR Phase 1 will be subject to a separate completion agreement by and between the District and Landsea Homes of Florida LLC. is completed and funding is available in a timely manner to provide for its completion, the Master Landowner will make provision for any additional funds that may be needed in the future for the completion of the HR Phase 2 Project, including, but not limited to, all reasonable and customary administrative, legal, warranty, engineering, permitting or other related soft costs to the extent such costs are not funded from the Series 2025 Bonds or additional series of Bonds subsequently issued by the District for the HR Phase 2 Project, which determination to issue such additional series of Bonds shall be in the District’s sole discretion; and WHEREAS, as reflected in the Assessment Report, the Series 2025 Assessment levels have been determined based on targeted annual assessment installments provided by the Master Landowner in order to achieve certain market-level, end user assessments; and WHEREAS, in order to achieve the targeted Series 2025 Assessment levels under the methodology provided in the Assessment Report, the Assessment Report contemplates, and the Parties hereby agree, that the Master Landowner shall contribute Master Project infrastructure to satisfy the reduction of Series 2025 Assessments allocated to residential units in HR Phase 2 of the District in order to achieve certain targeted market-level assessments desired by the Master Landowner. NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the Master Landowner agree as follows: 1. INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Agreement. 2. COMPLETION OF IMPROVEMENTS. The Master Landowner and District agree and acknowledge that the District intends to issue the Series 2025 Bonds that will provide only a portion of the funds necessary to complete the Series 2025 Project. As more particularly set forth in paragraphs 2(a) and 2(b) below, in the event the cost of the HR Phase 2 Project is such that the construction funds available from the Series 2025 Bonds and any series of Bonds subsequently issued by the District to fund the HR Phase 2 Project are insufficient to complete the HR Phase 2 Project, which determination to issue additional series of Bonds and determination of insufficiency shall be in the sole and exclusive discretion of the District, the Master Landowner hereby agrees to complete, cause to be completed, provide funds or cause funds to be provided to the District in an amount sufficient to allow the District to complete or cause to be completed, those portions of the HR Phase 2 Project which remain unfunded including, but not limited to, all reasonable and customary administrative, legal, warranty, engineering, permitting or other related soft costs (the “Remaining Improvements”) whether pursuant to existing contracts, including change orders thereto, or future contracts. Nothing herein shall cause or be construed to require, or prohibit, the District to issue additional bonds or indebtedness – other than Series 2025 Bonds – to provide funds for any portion of the Remaining Improvements. The District and Master Landowner hereby acknowledge and agree that the District’s execution of this Agreement constitutes the manner and means by which the District has elected to provide any and all portions of the Series 2025 Project not funded by Series 2025 Bonds, including but not limited to the Remaining Improvements. (a) When all or any portion of the Remaining Improvements are the subject of an existing District contract, the Master Landowner shall provide funds or cause funds to be provided directly to the District in an amount sufficient to complete the Remaining Improvements pursuant to such contract, including change orders thereto, upon written notice from the District. (b) When any portion of the Remaining Improvements is not the subject of an existing District contract, the Master Landowner may choose to: (a) complete, cause to be completed, provide funds or cause funds to be provided to the District in an amount sufficient to allow the District to complete or cause to be completed, those Remaining Improvements; or (b) have the District enter into a contract and proceed under Section 2(a) above, subject, in each case to a formal determination by the District’s Board of Supervisors that the option selected by the Master Landowner will not adversely impact the District, and is in the District’s best interests. (c) As portions of the Remaining Improvements are completed as determined by the Master Landowner, the Master Landowner shall notify the District of such completion. Upon conveyance of the Remaining Improvements to the final operations and maintenance entity as provided herein, the District shall acknowledge, or cause there to be acknowledged, in writing, the final completion and acceptance of such Remaining Improvements. 3. OTHER CONDITIONS AND ACKNOWLEDGMENTS RELATING TO THE COMPLETION OF IMPROVEMENTS (a) The District and the Master Landowner agree and acknowledge that the exact location, size, configuration and composition of the HR Phase 2 Project may change from that described in the Engineer’s Report, depending upon final design of the Development, permitting or other regulatory requirements over time, or other factors. Material changes to the HR Phase 2 Project shall be made by a written amendment to the Engineer’s Report, which shall include an estimate of the cost of the changes and shall be subject to District and Master Landowner’s review and consent, which shall not be unreasonably withheld. In the event of a material change to the scope, configuration, size and/or composition of the HR Phase 2 Project in response to a requirement imposed by a regulatory agency, neither the District nor Master Landowner’s consent to such material change is required hereunder and the Master Landowner must meet its completion obligations hereunder, or cause them to be met. Notwithstanding anything to the contrary contained in this Agreement, the payment or performance by Master Landowner of its obligations hereunder is expressly subject to, dependent and conditioned upon (a) the issuance of $[PAR] par amount of the Series 2025 Bonds and use of the proceeds thereof to fund a portion of the Series 2025 Project, and (b) except as provided hereunder, the scope, configuration, size and/or composition of the HR Phase 2 Project not materially changing. (b) The District and Master Landowner agree and acknowledge that any and all portions of the Remaining Improvements which are constructed, or caused to be constructed, by the Master Landowner shall be conveyed to the District or such other appropriate unit of local government as is designated in the Engineer’s Report or required by governmental regulation or development approval (“O&M Entity”). All conveyances to another governmental entity shall be in accordance with and in the same manner as provided in any agreement between the District and the appropriate unit of local government. Further, all such conveyances to the District shall be done in a manner consistent with the Parties’ Acquisition Agreement (Series 2025 Bonds – HR Phase 2) effective as of March 28, 2025 (“Acquisition Agreement”) and, without intending to limit the same, shall include all necessary real property interests for the O&M Entity to own, operate and maintain the Remaining Improvements. 4. CONTRIBUTIONS REQUIRED BY ASSESSMENT REPORT. (a) The District and Master Landowner acknowledge and agree that the Assessment Report contemplates that Master Landowner shall be responsible for contributions of Master Project infrastructure to the District (“Contribution”) to satisfy the reduction of Series 2025 Assessments allocated to residential units in HR Phase 2 in order to achieve certain targeted market-level assessments desired by the Master Landowner. Master Landowner agrees to make the Contribution to the District, in the total amount listed below, in one or more installments of (i) funds or (ii) subject to the terms of the Acquisition Agreement and this Agreement, the District Improvements, Work Product or Real Property (as each term is defined in the Acquisition Agreement). (b) The required amount of Contribution for HR Phase 2 shall be equal to the number of final platted units for HR Phase 2, by product type, multiplied by the amount set forth in Table 5 of the Supplemental Assessment Report under the column titled “Developer Contributions Per Unit.” Based on current absorption estimates for HR Phase 2 of 74 Single Family 40’ units and 68 Single Family 50’ units, the required amount of Contribution for HR Phase 2 is anticipated to be equal to [Two Hundred Twenty-Six Thousand Eight Hundred Fifty-One Dollars] $[226,851]. Notwithstanding the prior sentence, the Parties agree to recalculate the Contribution amount on or prior to the Due Date (hereinafter defined) pursuant to the methodology to be described in the Supplemental Assessment Report in the following manner: (i) if the Series 2025 Assessments for HR Phase 2 (“HR Phase 2 Assessments”) are fully absorbed by platted residential lots on or prior to the Due Date, such recalculation shall be based on the actual number and type of residential lots that fully absorbed the HR Phase 2 Assessments; or (ii) if the HR Phase 2 Assessments are not fully absorbed by platted residential lots on or prior to the Due Date, such recalculation shall be based on the number and type of residential lots anticipated to fully absorb the HR Phase 2 Assessments at the time of the Due Date. Developer’s Contribution under this Section 4 shall be tendered to the District on or before eight (8) years following the issuance of the Series 2025 Bonds (“Due Date”). (c) Each Contribution installment of Master Project infrastructure shall be valued and processed in the same manner as acquisitions under the Acquisition Agreement. Contributions may be treated as a set off to acquisition prices for District Improvements, Work Product, and Real Property. Because the District’s HR Phase 2 Project involves District Improvements, Work Product and Real Property which may be incapable of being divided into components which exactly match the contribution requirements herein or which exactly match available Series 2025 Bond proceeds, Master Landowner shall be permitted to allocate the monetary amount to be treated as an acquisition cost and the monetary amount to be considered a Contribution installment for any one component of the District’s Series 2025 Project. For illustration purposes only, if Master Landowner seeks to transfer to the District a roadway with a value (as determined by the Acquisition Agreement) of $10 million and there is only $5 million in available Series 2025 Bond proceeds, Master Landowner may designate $5 million as an acquisition cost and $5 million as a Contribution installment. (d) If any Contribution installment of District Improvements, Work Product and Real Property is to be conveyed to a third-party governmental body, then Master Landowner agrees to cooperate and provide such certifications or documents as may be required by that governmental body, if any, as well as provide the District documentation of such Contribution installment to the reasonable satisfaction of the District. 5. DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A default by either Party under this Agreement, which continues for a period of thirty (30) days after notice of such default, shall entitle the other Party to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages injunctive relief, and/or, if applicable, specific performance, but excluding punitive and consequential damages and subject to the recourse limitations in the documents applicable to the District and the Series 2025 Bonds. The District shall be solely responsible for enforcing its rights under this Agreement against any interfering third party. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement. 6. ENFORCEMENT OF AGREEMENT. In the event that either of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to recover from the other Party all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings. 7. AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Master Landowner. 8. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Master Landowner, both the District and the Master Landowner have complied with all the requirements of law, and both the District and the Master Landowner have full power and authority to comply with the terms and provisions of this Agreement. 9. NOTICES. All notices, requests, consents, and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the Parties, as follows: A. If to the District: Dewey Robbins Community Development District 219 East Livingston Street Orlando, Florida 32801 Attn: District Manager With a copy to: Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel B. If to the Master Landowner: TLC Hodges Reserve, LLC 605 Commonwealth Avenue Orlando, Florida 32803 Attn: Andrew Orosz Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Master Landowner may deliver Notice on behalf of the District and the Master Landowner. Any Party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth herein. 10. ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the Master Landowner as an arm’s length transaction. Both Parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, both Parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District or the Master Landowner. 11. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and the Master Landowner, and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal Party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Master Landowner any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Master Landowner and their respective representatives, successors, and assigns. Notwithstanding anything in this Agreement to the contrary, the trustee for the Series 2025 Bonds (“Trustee”), on behalf of the Series 2025 Bond holders, shall be a direct third-party beneficiary of the terms and conditions of this Agreement and acting at the direction of and on behalf of the bondholders owning a majority of the aggregate principal amount of Series 2025 Bonds then outstanding, shall be entitled to enforce the Master Landowner’s obligations hereunder. The Trustee shall not be deemed to have assumed any obligations under this Agreement. 12. ASSIGNMENT. Neither the District nor the Master Landowner may assign this Agreement or any monies to become due hereunder without the prior written approval of the other. 13. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. Each Party consents that the venue for any litigation arising out of or related to this Agreement shall be in Lake County, Florida. 14. EFFECTIVE DATE. This Agreement shall be effective after execution by the Parties hereto on the date reflected above. 15. PUBLIC RECORDS. The Master Landowner understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and treated as such in accordance with Florida law. 16. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable. 17. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. 18. FORCE MAJEURE. If any Party hereto shall be delayed in, hindered in or prevented from performing any of its obligations under this Agreement by reason of labor disputes, inability to obtain any necessary materials or services, acts of God, weather conditions that are unusually severe or exceed average conditions for that time of year, persistent inclement weather, war, terrorist acts, insurrection, or delays caused by governmental permitting or regulations, the time for performance of such obligation shall be automatically extended (on a day for day basis) for a period equal to the period of such delay. 19. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement. 20. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document. [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK.] IN WITNESS WHEREOF, the Parties execute this Agreement the day and year first written above. Attest: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT ____________________________ ____________________________ Secretary/Assistant Secretary By: Anthony Iorio Its: Chairperson TLC HODGES RESERVE, LLC, a Florida limited liability company ___________________________ By: Witness Name: Andrew J. Orosz Its: Authorized Representative Exhibit A: Engineer’s Report Exhibit A Engineer’s Report Prepared by and return to: Sarah R. Sandy, Esq. Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 SPACE ABOVE THIS LINE IS FOR RECORDER’S USE ONLY COLLATERAL ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AND CONTRACT RIGHTS (Series 2025 Bonds – HR Phase 1) This COLLATERAL ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AND CONTRACT RIGHTS (Series 2025 Bonds – HR Phase 1) (herein, the “Assignment”) is made on March 28, 2025, by MVP DEVELOPMENT CALIFORNIA, LLC, a California limited liability company, whose address is 801 San Ramon Valley Boulevard, Suite F, Danville, California 94526, (“MVPD”), LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company, whose address is 1717 McKinney, Suite 1000, Dallas, Texas 75202 (“Landsea” and collectively with MVPD and their successors and assigns, “Assignor”) in favor of the DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in the City of Leesburg, Florida, whose address is 219 East Livingston Street, Orlando, Florida 32801 (together with its successors and assigns, the “District” or “Assignee”). RECITALS WHEREAS, the District proposes to issue its Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area) (the “Series 2025 Bonds”) to finance certain public infrastructure which will provide special benefit to the developable lands (the “Lands”), as described in Exhibit A attached hereto, in the residential project commonly referred to as Hodges Reserve Phase 1 (the “Project”), which is located within the geographical boundaries of the District; and WHEREAS, the security for the repayment of a portion of the Series 2025 Bonds are the special assessments levied against the Lands (the “Series 2025 Assessments”), which Lands are currently owned by MVPD and are anticipated to be developed by Landsea; and WHEREAS, the purchasers of the Series 2025 Bonds anticipate that the Lands will be developed in accordance with the Master Engineer’s Report, dated March 20, 2024 (the “Engineer’s Report”) and the Master Assessment Methodology, dated March 20, 2024, as supplemented by the First Supplemental Assessment Methodology for the 2025 Project, dated March 14, 2025 (together, the “2025 Assessment Report”), which Lands are intended to ultimately be sold to third-party end-users within the District (“Development Completion”); and WHEREAS, the failure to achieve Development Completion may increase the likelihood that the purchasers of the Series 2025 Bonds will not receive the full benefit of their investment in the Series 2025 Bonds; and WHEREAS, during the period in which the Lands are being developed and the Project has yet to reach Development Completion, there is an increased likelihood that adverse changes to local or national economic conditions may result in a default in the payment of the Series 2025 Assessments securing the Series 2025 Bonds; and WHEREAS, in the event of default in the payment of the Series 2025 Assessments securing the Series 2025 Bonds, the District has certain remedies with respect to the lien of the Series 2025 Assessments as more particularly set forth herein; and WHEREAS, if the Series 2025 Assessments are directly billed, the sole remedy available to the District for non-payment of the Series 2025 Assessments would be an action in foreclosure; if the Series 2025 Assessments are collected pursuant to Florida’s uniform method of collection, the sole remedy available to the District for nonpayment of the Series 2025 Assessments would be the sale of tax certificates (collectively, and together with the remedies provided in Section 6 of this Assignment, the “Remedial Rights”); and WHEREAS, in the event the District exercises its Remedial Rights, the District will require the assignment of certain Development & Contract Rights (defined below), to complete development of the Lands to the extent that such Development & Contract Rights have not been previously assigned, transferred, or otherwise conveyed to an end-user or homebuilder unaffiliated with Assignor resulting from the sale of certain Lands in the ordinary course of business, the City of Leesburg, Florida (the “City”), Lake County, Florida (the “County”), the District, any applicable homeowner’s association or other governing entity or association for the benefit of the Project (a “Prior Transfer”); and WHEREAS, this Assignment is not intended to impair or interfere with the development of the Project and shall only be inchoate until becoming effective and an absolute assignment and assumption of the Development & Contract Rights upon failure of MVPD to pay the Series 2025 Assessments levied against the Lands owned by MVPD; provided, however, that such assignment shall only be effective and absolute to the extent that this Assignment has not been terminated earlier pursuant to the terms of this Assignment or to the extent that a Prior Transfer has not already occurred with respect to the Development & Contract Rights; and WHEREAS, in the event of a transfer, conveyance or sale of any portion of the Lands (excluding the conveyance of any portion of the Lands to an end-user or homebuilder unaffiliated with Assignor), any and all affiliated entities or successors-in-interest to the Lands shall be subject to this Assignment, which shall be recorded in the Official Records of Lake County, Florida; and WHEREAS, the rights assigned to the District hereunder shall be exercised in a manner which will not materially affect the intended development of the Project; and WHEREAS, absent this Assignment becoming effective and absolute, it shall automatically terminate upon the earliest to occur of the following: (i) payment of the Series 2025 Bonds in full; (ii) Development Completion; or (iii) occurrence of a Prior Transfer, but only as to such portion transferred, from time to time (herein, the “Term”). NOW, THEREFORE, in consideration of the above recitals which the parties hereby agree are true and correct and are hereby incorporated by reference and other good and valuable consideration, the sufficiency of which is acknowledged, Assignor and Assignee agree as follows: 1. Collateral Assignment. Assignor hereby collaterally assigns to Assignee, to the extent assignable and to the extent that they are solely owned or controlled by Assignor at execution of this Assignment or acquired in the future, all of Assignor’s development rights and contract rights relating to the Lands and/or the Project (herein the “Development & Contract Rights”) as security for MVPD’s payment and performance and discharge of its obligation to pay the Series 2025 Assessments levied against the Lands. This assignment shall become effective and absolute upon failure of MVPD to pay the Series 2025 Assessments levied against Lands owned by MVPD. The Development & Contract Rights shall include the following as they pertain to the Lands and/or Project, but shall specifically exclude any such portion of the Development & Contract Rights which are subject to a Prior Transfer: (a) Any declaration of covenants of a homeowner’s association governing the Lands, as recorded in the Official Records of Lake County, Florida, and as the same may be amended and restated from time to time, including, without limitation, all of the right, title, interest, powers, privileges, benefits and options of “MVPD,” “Landsea,” or “Declarant” thereunder. (b) Engineering and construction plans and specifications for grading, roadways, site drainage, stormwater drainage, signage, water distribution, waste water collection, and other improvements. (c) Preliminary and final site plans. (d) Architectural plans and specifications for buildings and other improvements to the Lands within the District, but solely to the extent construction of such buildings and improvements has commenced. (e) Permits, approvals, resolutions, variances, licenses, impact fees and franchises granted by governmental authorities, or any of their respective agencies, for or affecting the Project and construction of improvements thereon including, but not limited to, the following: (i) Any and all approvals, extensions, amendments, rezoning and development orders rendered by governmental authorities, including the City or County relating to the Project. (ii) Any and all service agreements relating to utilities, water and/or wastewater, together with all warranties, guaranties and indemnities of any kind or nature associated therewith. (iii) Permits, more particularly described in the Engineer’s Report. (f) Permit fees, impact fees, deposits and other assessments and impositions paid by Assignor to any governmental authority or utility and capacity reservations, impact fee credits and other credits due to Assignor from any governmental authority or utility provider, including credit for any dedication or contribution of Lands by Assignor in connection with the development of the Lands or the construction of improvements thereon. (g) Contracts with engineers, architects, land planners, landscape architects, consultants, contractors, and suppliers for or relating to the construction of the Project or the construction of improvements thereon, together with all warranties, guaranties and indemnities of any kind or nature associated therewith. (h) Notwithstanding anything contained herein to the contrary, contracts and agreements with private utility providers to provide utility services to the Project, including the lots. (i) All future creations, changes, extensions, revisions, modifications, substitutions, and replacements of any of the foregoing and any guarantees of performance of obligations to Assignor arising thereunder by any means, including, but not limited to, pursuant to governmental requirements, administrative or formal action by third parties, or written agreement with governmental authorities or third parties. 2. Warranties by Assignor. Assignor represents and warrants to Assignee that: (a) Other than in connection with Prior Transfers, Assignor has made no assignment of the Development & Contract Rights to any person other than Assignee. (b) To the actual knowledge of Assignor, Assignor has not done any act or omitted to do any act which will prevent Assignee from, or limit Assignee in, acting under any of the provisions hereof. (c) To the actual knowledge of Assignor, there is no material default under the terms of the existing contracts, agreements, and other documents relating to the Development & Contract Rights, which now or hereafter affect the Lands and the Project (collectively, the “Contract Documents”), subject to any notice and cure periods, and all such Contract Documents remain in full force and effect. (d) Any transfer, conveyance or sale of the Lands (excluding conveyance of a portion of the Lands to an end-user or homebuilder unaffiliated with Assignor), shall subject any and all affiliated entities or successors-in-interest of Assignor to this Assignment. (e) Assignor is not prohibited under agreement with any other person or under any judgment or decree from the execution and delivery of this Assignment. (f) No action has been brought or threatened which would in any way interfere with the right of Assignor to execute this Assignment and perform all of Assignor’s obligations herein contained. 3. Covenants. Assignor covenants with Assignee that during the Term (as defined above): (a) Assignor will use reasonable, good faith efforts to fulfill, perform, and observe each and every material condition and covenant of Assignor relating to the Development & Contract Rights. Upon an Event of Default by Assignor, Assignor will use reasonable, good faith efforts to give notice to Assignee of any claim of default relating to the Development & Contract Rights given to or by Assignor, together with a complete copy of any such claim. (b) The Development & Contract Rights include all of Assignor’s right to modify the Development & Contract Rights, to terminate the Development & Contract Rights, and to waive or release the performance or observance of any obligation or condition of the Development & Contract Rights; provided that no such modification, termination, waiver or release affects any of the Development & Contract Rights which pertain to lands outside of the District not relating to development of the Lands. Upon an Event of Default, the rights as outlined within this Section 3(b) shall be included as part of the Development & Contract Rights assigned to Assignee. (c) In the event of the institution of any involuntary bankruptcy, reorganization or insolvency proceedings against the Assignor or the appointment of a receiver or a similar official with respect to all or a substantial part of the properties of the Assignor, Assignor shall endeavor in good faith to have such proceedings dismissed or such appointment vacated within a period of one hundred twenty (120) days. 4. Assignee Obligations. Nothing herein shall be construed as an obligation on the part of the Assignee to accept any liability for all or any portion of the Development & Contract Rights unless it chooses to do so in its sole discretion. Nor shall any provision hereunder be construed to place any liability or obligation on Assignee for compliance with the terms and provisions of all or any portion of the Development & Contract Rights. 5. Events of Default. Any breach of the Assignor’s warranties contained in Section 2 hereof or breach of covenants contained in Section 3 hereof will, after the giving of notice and an opportunity to cure (which cure period shall be at least sixty (60) days) shall constitute an Event of Default under this Assignment. An Event of Default shall also include the transfer of title to lots owned by MVPD pursuant to a judgment of foreclosure entered by a court of competent jurisdiction in favor of the District (or its designee) or a deed in lieu of foreclosure to the District (or its designee), or the acquisition of title to such lots thorough the sale of tax certificates. 6. Remedies Upon Event of Default. Upon an Event of Default, Assignee may, as Assignee’s sole and exclusive remedies, take any or all of the following actions, at Assignee’s option: (a) Perform any and all obligations of Assignor relating to the Development & Contract Rights and exercise any and all rights of Assignor therein as fully as Assignor could. (b) Initiate, appear in, or defend any action arising out of or affecting the Development & Contract Rights. 7. Authorization. Upon the occurrence and during the continuation of an Event of Default, Assignor does hereby authorize and shall direct any party to any agreement relating to the Development & Contract Rights to tender performance thereunder to Assignee upon written notice and request from Assignee. Any such performance in favor of Assignee shall constitute a full release and discharge to the extent of such performance as fully as though made directly to Assignor. 8. Amendments. This Assignment may only be amended with the consent of all of the parties hereto and the consent of the trustee of the Series 2025 Bonds (the “Trustee”) acting at the direction of the majority owners of the outstanding Series 2025 Bonds. 9. Assignment. This Assignment shall constitute a covenant running with title to the Lands, binding upon Assignor and its successors and assigns as to the Lands or portions thereof. Any transferee shall take title subject to the terms of this Assignment and with respect to the portion of the Lands so transferred, provided however that this Assignment shall not apply to any portion of the Lands that is the subject of a Prior Transfer. Except as otherwise provided in this Section 9, no party may assign its rights, duties or obligations under this Assignment or any monies to become due hereunder without the prior written consent of each other party, which consent shall not be unreasonably withheld. 10. Miscellaneous. Unless the context requires otherwise, whenever used herein, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. The terms “person” and “party” shall include individuals, firms, associations, joint ventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups and combinations. Titles of paragraphs contained herein are inserted only as a matter of convenience and for reference and in no way define, limit, extend, or describe the scope of this Assignment or the intent of any provisions hereunder. This Assignment shall be construed under Florida law. 11. Third-Party Beneficiaries. The Trustee for the Series 2025 Bonds, on behalf of the bondholders, shall be a direct third-party beneficiary of the terms and conditions of this Assignment and shall be entitled to cause the District to enforce the Assignor’s obligations hereunder. In the event that the District does not promptly take Trustee’s written direction under this Assignment, or the District is otherwise in default under the indenture relating to the Series 2025 Bonds, the Trustee shall have the right to enforce the District’s rights hereunder directly. This Assignment is solely for the benefit of the parties set forth in this Section, and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any other third party. The Trustee shall not be deemed to have assumed any obligations hereunder. [remainder of page intentionally left blank] IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed and delivered on the day and year first written above. WITNESSES: ASSIGNOR - MVPD: MVP DEVELOPMENT CALIFORNIA LLC, a California limited liability company Print Name: ______________________ Address: _________________________ ________________________________ By: Name: Jocelyn Jackson Its: Chief Financial Officer Print Name: ______________________ Address: _________________________ ________________________________ STATE OF FLORIDA ) COUNTY OF ) The foregoing instrument was acknowledged before me by . physical means or . online notarization on _________________ 2025, by Jocelyn Jackson as Chief Financial Officer of MVP Development California, LLC, a California limited liability company, on behalf of said company, who is personally known to me or has produced ________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) WITNESSES: ASSIGNOR - Landsea: LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company Print Name: ______________________ Address: _________________________ ________________________________ By: Name: ______________________________ Its: ______________________________ Print Name: ______________________ Address: _________________________ ________________________________ STATE OF FLORIDA ) COUNTY OF ) The foregoing instrument was acknowledged before me by . physical means or . online notarization on _______________, 2025, by _____________________ as _____________________ of Landsea Homes of Florida LLC, a Delaware limited liability company, on behalf of said company, who is personally known to me or has produced ________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) WITNESSES: ASSIGNEE: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT Print Name: ______________________ Anthony Iorio, Chairman Address: _________________________ ________________________________ Print Name: ______________________ Address: _________________________ ________________________________ STATE OF FLORIDA ) COUNTY OF ) The foregoing instrument was acknowledged before me by . physical means or . online notarization on _______________, 2025, by Anthony Iorio, Chairman of Dewey Robbins Community Development District, who is either personally known to me, or produced ______________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) Exhibit A Legal Description of Lands EXHIBIT A LEGAL DESCRIPTION [HODGES RESERVE PHASE 1] Lots 1 thru 163, inclusively, HODGES RESERVE PHASE 1, according in the Plat thereof, as recorded in the Public Records of Lake County, Florida, at Plat Book 84, Pages 93-98. Prepared by and return to: Sarah R. Sandy, Esq. Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 SPACE ABOVE THIS LINE IS FOR RECORDER’S USE ONLY COLLATERAL ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AND CONTRACT RIGHTS (Series 2025 Bonds – ) This COLLATERAL ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AND CONTRACT RIGHTS (Series 2025 Bonds – HR Phases 1 & 2) (herein, the “Assignment”) is made on March 28, 2025, by TLC HODGES RESERVE, LLC, a Florida limited liability company, whose address is 605 Commonwealth Avenue, Orlando, Florida 32803, (together with their successors and assigns, “Master Landowner” or “Assignor”) in favor of the DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in the City of Leesburg, Florida, whose address is 219 East Livingston Street, Orlando, Florida 32801 (together with its successors and assigns, “District” or “Assignee”). RECITALS WHEREAS, the District proposes to issue its Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area) (the “Series 2025 Bonds”) to finance certain public infrastructure which will provide special benefit to the developable lands (the “Lands”), as described in Composite Exhibit A attached hereto, in the residential project commonly referred to as Hodges Reserve Phase 1 and Hodges Reserve Phase 2 (together the “Project”), which is located within the geographical boundaries of the District; and WHEREAS, the security for the repayment of the Series 2025 Bonds are the special assessments levied against the Lands (the “Series 2025 Assessments”), which Land consists of: (i) Hodges Reserve Phase 1, as further described in Exhibit A-1 attached hereto (“HR Phase 1”), and which is currently owned by MVP Development California, LLC (“MVPD,” and together with Master Landowner, each a “Landowner” or collectively the “Landowners”) and anticipated to be developed by Landsea Homes of Florida LLC (“Landsea”); and (ii) Hodges Reserve Phase 2, as further described in Exhibit A-2 attached hereto (“HR Phase 2”) and which is currently owned and anticipated to be developed by the Master Landowner (Exhibit A-1 and Exhibit A-2 are together referred to herein as Composite Exhibit A); and WHEREAS, the Master Landowner, as the primary developer of the lands in the District, previously conveyed HR Phase 1 and assigned, to the extent assignable, all development rights and permits necessary to develop HR Phase 1 to MVPD and Landsea, respectively, but continues to retain the lands, development rights, and permits necessary to develop HR Phase 2; and WHEREAS, the purchasers of the Series 2025 Bonds anticipate that the Lands will be developed in accordance with the Master Engineer’s Report, dated March 20, 2024 (the “Engineer’s Report”) and the Master Assessment Methodology, dated March 20, 2024, as supplemented by the First Supplemental Assessment Methodology for the 2025 Project, dated March 14, 2025 (together, the “2025 Assessment Report”), which Lands are intended to ultimately be sold to third-party end-users within the District (“Development Completion”); and WHEREAS, the failure to achieve Development Completion may increase the likelihood that the purchasers of the Series 2025 Bonds will not receive the full benefit of their investment in the Series 2025 Bonds; and WHEREAS, during the period in which the Lands are being developed and the Project has yet to reach Development Completion, there is an increased likelihood that adverse changes to local or national economic conditions may result in a default in the payment of the Series 2025 Assessments securing the Series 2025 Bonds; and WHEREAS, in the event of default in the payment of the Series 2025 Assessments securing the Series 2025 Bonds, the District has certain remedies with respect to the lien of the Series 2025 Assessments as more particularly set forth herein; and WHEREAS, if the Series 2025 Assessments are directly billed, the sole remedy available to the District for non-payment of the Series 2025 Assessments would be an action in foreclosure; if the Series 2025 Assessments are collected pursuant to Florida’s uniform method of collection, the sole remedy available to the District for nonpayment of the Series 2025 Assessments would be the sale of tax certificates (collectively, and together with the remedies provided in Section 6 of this Assignment, the “Remedial Rights”); and WHEREAS, even though MVPD and Landsea, as the current owner and developer of HR Phase 1, respectively, are anticipated to develop HR Phase 1 and construct and sell homes thereon, Master Landowner as the primary developer of all the lands in the District, including HR Phase 1, had originally acquired and may still hold certain Development & Contract Rights (hereinafter defined) that may impact Development Completion of the Project and development of HR Phase 1; and WHEREAS, in the event the District exercises its Remedial Rights, the District will require the assignment of certain Development & Contract Rights (defined below), to complete development of the Lands to the extent that such Development & Contract Rights have not been previously assigned, transferred, or otherwise conveyed to an end-user or homebuilder unaffiliated with the Assignor, MVPD, or Landsea resulting from the sale of certain Lands in the ordinary course of business, the City of Leesburg, Florida (the “City”), Lake County, Florida (the “County”), the District, any applicable homeowner’s association or other governing entity or association for the benefit of the Project (a “Prior Transfer”); and WHEREAS, this Assignment is not intended to impair or interfere with the development of the Project and shall only be inchoate until becoming effective and an absolute assignment and assumption of the Development & Contract Rights upon the failure of a Landowner to pay the Series 2025 Assessments levied against the Lands owned by such Landowner; provided, however, that such assignment shall only be effective and absolute to the extent that this Assignment has not been terminated earlier pursuant to the terms of this Assignment or to the extent that a Prior Transfer has not already occurred with respect to such Development & Contract Rights; and WHEREAS, in the event of a transfer, conveyance or sale of any portion of HR Phase 2 (excluding the conveyance of any portion of such Lands to an end-user or homebuilder unaffiliated with Assignor), any and all affiliated entities or successors-in-interest to the Lands shall be subject to this Assignment, which shall be recorded in the Official Records of Lake County, Florida; and WHEREAS, the rights assigned to the District hereunder shall be exercised in a manner which will not materially affect the intended development of the Project; and WHEREAS, absent this Assignment becoming effective and absolute, it shall automatically terminate upon the earliest to occur of the following: (i) payment of the Series 2025 Bonds in full; (ii) Development Completion; or (iii) occurrence of a Prior Transfer, but only as to such portion transferred, from time to time (herein, the “Term”). NOW, THEREFORE, in consideration of the above recitals which the parties hereby agree are true and correct and are hereby incorporated by reference and other good and valuable consideration, the sufficiency of which is acknowledged, Assignor and Assignee agree as follows: 1. Collateral Assignment. (a) Assignor hereby collaterally assigns to Assignee, to the extent assignable and to the extent that they are solely owned or controlled by Assignor at execution of this Assignment or acquired in the future, all of Assignor’s development rights and contract rights relating to the Lands and/or the Project (herein the “Development & Contract Rights”) as security for the Landowners’ payment and performance and discharge of their respective obligations to pay the Series 2025 Assessments levied against the Lands. The Development & Contract Rights shall include the following as they pertain to the Lands and/or Project, but shall specifically exclude any such portion of the Development & Contract Rights which are subject to a Prior Transfer: (i) Any declaration of covenants of a homeowner’s association governing the Lands, as recorded in the Official Records of Lake County, Florida, and as the same may be amended and restated from time to time, including, without limitation, all of the right, title, interest, powers, privileges, benefits and options of the “Master Landowner” or “Declarant” thereunder. (ii) Engineering and construction plans and specifications for grading, roadways, site drainage, stormwater drainage, signage, water distribution, wastewater collection, and other improvements. (iii) Preliminary and final site plans. (iv) Architectural plans and specifications for buildings and other improvements to the Lands within the District, but solely to the extent construction of such buildings and improvements has commenced. (v) Permits, approvals, resolutions, variances, licenses, impact fees and franchises granted by governmental authorities, or any of their respective agencies, for or affecting the Project and construction of improvements thereon including, but not limited to, the following: 1) Any and all approvals, extensions, amendments, rezoning and development orders rendered by governmental authorities, including the City or County relating to the Project. 2) Any and all service agreements relating to utilities, water and/or wastewater, together with all warranties, guaranties and indemnities of any kind or nature associated therewith. 3) Permits, more particularly described in the Engineer’s Report. (vi) Permit fees, impact fees, deposits and other assessments and impositions paid by Assignor to any governmental authority or utility and capacity reservations, impact fee credits and other credits due to Assignor from any governmental authority or utility provider, including credit for any dedication or contribution of Lands by Assignor in connection with the development of the Lands or the construction of improvements thereon. (vii) Contracts with engineers, architects, land planners, landscape architects, consultants, contractors, and suppliers for or relating to the construction of the Project or the construction of improvements thereon, together with all warranties, guaranties and indemnities of any kind or nature associated therewith. (viii) Notwithstanding anything contained herein to the contrary, contracts and agreements with private utility providers to provide utility services to the Project, including the lots. (ix) All future creations, changes, extensions, revisions, modifications, substitutions, and replacements of any of the foregoing and any guarantees of performance of obligations to Assignor arising thereunder by any means, including, but not limited to, pursuant to governmental requirements, administrative or formal action by third parties, or written agreement with governmental authorities or third parties. (b) This Assignment is not intended to and shall not supersede, impair or interfere with the development of the Lands. It shall be inchoate and shall only become an effective and absolute assignment and assumption of the Development & Contract Rights upon failure of a Landowner to pay the Series 2025 Assessments levied against the Lands owned by such Landowner, if such failure remains uncured after passage of any applicable cure period; provided, however, that such assignment shall only be effective and absolute to the extent that this Assignment has not been terminated earlier pursuant to the term of this Assignment. 2. Warranties by Assignor. Assignor represents and warrants to Assignee that: (a) Other than in connection with Prior Transfers, Assignor has made no assignment of the Development & Contract Rights to any person other than Assignee. (b) To the actual knowledge of Assignor, Assignor has not done any act or omitted to do any act which will prevent Assignee from, or limit Assignee in, acting under any of the provisions hereof. (c) To the actual knowledge of Assignor, there is no material default under the terms of the existing contracts, agreements, and other documents relating to the Development & Contract Rights, which now or hereafter affect the Lands and the Project (collectively, the “Contract Documents”), subject to any notice and cure periods, and all such Contract Documents remain in full force and effect. (d) Any transfer, conveyance or sale of the HR Phase 2 portion of the Lands (excluding conveyance of a portion of such Lands to an end-user or homebuilder unaffiliated with Assignor), shall subject any and all affiliated entities or successors-in-interest of Assignor to this Assignment. (e) Assignor is not prohibited under agreement with any other person or under any judgment or decree from the execution and delivery of this Assignment. (f) No action has been brought or threatened which would in any way interfere with the right of Assignor to execute this Assignment and perform all of Assignor’s obligations herein contained. 3. Covenants. Assignor covenants with Assignee that during the Term (as defined above): (a) Assignor will use reasonable, good faith efforts to fulfill, perform, and observe each and every material condition and covenant of Assignor relating to the Development & Contract Rights. Upon an Event of Default by Assignor, Assignor will use reasonable, good faith efforts to give notice to Assignee of any claim of default relating to the Development & Contract Rights given to or by Assignor, together with a complete copy of any such claim. (b) The Development & Contract Rights include all of Assignor’s right to modify the Development & Contract Rights, to terminate the Development & Contract Rights, and to waive or release the performance or observance of any obligation or condition of the Development & Contract Rights; provided that no such modification, termination, waiver or release affects any of the Development & Contract Rights which pertain to lands outside of the District not relating to development of the Lands. Upon an Event of Default, the rights as outlined within this Section 3(b) shall be included as part of the Development & Contract Rights assigned to Assignee. (c) In the event of the institution of any involuntary bankruptcy, reorganization or insolvency proceedings against the Assignor or the appointment of a receiver or a similar official with respect to all or a substantial part of the properties of the Assignor, Assignor shall endeavor in good faith to have such proceedings dismissed or such appointment vacated within a period of one hundred twenty (120) days. 4. Assignee Obligations. Nothing herein shall be construed as an obligation on the part of the Assignee to accept any liability for all or any portion of the Development & Contract Rights unless it chooses to do so in its sole discretion. Nor shall any provision hereunder be construed to place any liability or obligation on Assignee for compliance with the terms and provisions of all or any portion of the Development & Contract Rights. 5. Events of Default. Any breach of the Assignor’s warranties contained in Section 2 hereof or breach of covenants contained in Section 3 hereof will, after the giving of notice and an opportunity to cure (which cure period shall be at least sixty (60) days) shall constitute an Event of Default under this Assignment. An Event of Default shall also include the transfer of title to all or portions of the Lands owned by the applicable Landowner pursuant to a judgment of foreclosure entered by a court of competent jurisdiction in favor of the District (or its designee) or a deed in lieu of foreclosure to the District (or its designee), or the acquisition of title to such Lands thorough the sale of tax certificates. 6. Remedies Upon Event of Default. Upon an Event of Default, Assignee may, as Assignee’s sole and exclusive remedies, take any or all of the following actions, at Assignee’s option: (a) Perform any and all obligations of Assignor relating to the Development & Contract Rights and exercise any and all rights of Assignor therein as fully as Assignor could. (b) Initiate, appear in, or defend any action arising out of or affecting the Development & Contract Rights. 7. Authorization. Upon the occurrence and during the continuation of an Event of Default, Assignor does hereby authorize and shall direct any party to any agreement relating to the Development & Contract Rights to tender performance thereunder to Assignee upon written notice and request from Assignee. Any such performance in favor of Assignee shall constitute a full release and discharge to the extent of such performance as fully as though made directly to Assignor. 8. Amendments. This Assignment may only be amended with the consent of all of the parties hereto and the consent of the trustee of the Series 2025 Bonds (the “Trustee”) acting at the direction of the majority owners of the outstanding Series 2025 Bonds. 9. Assignment; Security Agreement. (a) Except as otherwise provided in this Section 9, no party may assign its rights, duties or obligations under this Assignment or any monies to become due hereunder without the prior written consent of each other party, which consent shall not be unreasonably withheld. (b) With respect to the portion of the Lands, Development & Contract Rights, and Contract Documents related to HR Phase 1: (i) Subject to the terms of this Assignment, this Assignment shall be a security agreement between Assignor, as the debtor, and Assignee, as the secured party, covering the Development & Contract Rights and Contract Documents relating to HR Phase 1 that constitute personal property governed by the Florida Uniform Commercial Code, and Assignor grants to Assignee a security interest in such Development & Contract Rights and Contract Documents. Notwithstanding the foregoing, Assignee shall not be entitled to exercise any right as a secured party, including, without limitation, the filing of any and all financing statements, until the occurrence of an Event of Default hereunder, subject to any applicable notice and cure period. (c) With respect to the portion of the Lands, Development & Contract Rights, and Contract Documents related to HR Phase 2: (i) This Assignment shall constitute a covenant running with title to the HR Phase 2 portion of the Land, binding upon Assignor and its successors and assigns as to such Lands or portions thereof. Any transferee shall take title subject to the terms of this Assignment and with respect to the portion of the Land so transferred, provided however that this Assignment shall not apply to any portion of the Lands that is the subject of a Prior Transfer. 10. Miscellaneous. Unless the context requires otherwise, whenever used herein, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. The terms “person” and “party” shall include individuals, firms, associations, joint ventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups and combinations. Titles of paragraphs contained herein are inserted only as a matter of convenience and for reference and in no way define, limit, extend, or describe the scope of this Assignment or the intent of any provisions hereunder. This Assignment shall be construed under Florida law. 11. Third-Party Beneficiaries. The Trustee for the Series 2025 Bonds, on behalf of the bondholders, shall be a direct third-party beneficiary of the terms and conditions of this Assignment and shall be entitled to cause the District to enforce the Assignor’s obligations hereunder. In the event that the District does not promptly take Trustee’s written direction under this Assignment, or the District is otherwise in default under the indenture relating to the Series 2025 Bonds, the Trustee shall have the right to enforce the District’s rights hereunder directly. This Assignment is solely for the benefit of the parties set forth in this Section, and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any other third party. The Trustee shall not be deemed to have assumed any obligations hereunder. [remainder of page intentionally left blank] IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed and delivered on the day and year first written above. WITNESSES: _______________________________________ Print Name: _____________________________ Address: ________________________________ ________________________________________ ________________________________________ Print Name: ______________________________ Address: _________________________________ _________________________________________ ASSIGNOR: TLC HODGES RESERVE, LLC, a Florida limited liability company By: ____________________________________ Name: Andrew J. Orosz Its: Authorized Representative STATE OF FLORIDA ) COUNTY OF ) The foregoing instrument was acknowledged before me by . physical means or . online notarization this ___ day of ______________ 2025, by Andrew J. Orosz as an Authorized Representative of TLC Hodges Reserve, LLC, a Florida limited liability company, on behalf of said company, who is personally known to me or has produced ________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) WITNESSES: ASSIGNEE: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT Witness Anthony Iorio, Chairman Address: _______________________ _______________________________ Witness Address: _______________________ _______________________________ STATE OF FLORIDA ) COUNTY OF ) The foregoing instrument was acknowledged before me by . physical means or . online notarization this ___ day of ____________ 2025, by Anthony Iorio, Chairman of Dewey Robbins Community Development District, who is either personally known to me, or produced ______________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) Composite Exhibit A: Legal Description of Lands consisting of: Exhibit A-1 Legal Description of HR Phase 1 Exhibit A-2 Legal Description of HR Phase 2 EXHIBIT A-1 LEGAL DESCRIPTION OF HR PHASE 1 Lots 1 thru 163, inclusively, HODGES RESERVE PHASE 1, according in the Plat thereof, as recorded in the Public Records of Lake County, Florida, at Plat Book 84, Pages 93-98. EXHIBIT A-2 LEGAL DESCRIPTION OF HR PHASE 2 A PARCEL OF LAND LYING IN SECTIONS 31 AND 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST, LAKE COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF THE SOUTHEAST 1/4 OF SECTION 31, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN N 00°45'28" E ALONG THE EAST LINE OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, A DISTANCE OF 663.44 FEET TO THE NORTHEAST CORNER OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, ALSO BEING THE POINT OF BEGINNING; THENCE DEPARTING SAID EAST LINE, RUN N 89°27'21" W, A DISTANCE OF 519.69 FEET; THENCE N 00°00'00" E, A DISTANCE OF 146.59 FEET; THENCE S 90°00'00" E, A DISTANCE OF 18.44 FEET; THENCE N 00°00'00" E, A DISTANCE OF 50.00 FEET; THENCE S 90°00'00" E, A DISTANCE OF 100.00 FEET; THENCE N 00°00'00" E, A DISTANCE OF 282.31 FEET; THENCE N 49°53'09" W, A DISTANCE OF 198.17 FEET; THENCE N 90°00'00" W, A DISTANCE OF 565.94 FEET; THENCE NORTHERLY, 40.17 FEET ALONG THE ARC OF A NONTANGENT CURVE TO THE LEFT HAVING A RADIUS OF 275.00 FEET AND A CENTRAL ANGLE OF 08°22'13" (CHORD BEARING N 04°11'07" E, 40.14 FEET); THENCE N 00°00'00" E, A DISTANCE OF 59.97 FEET; THENCE NORTHEASTERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" E, 28.28 FEET); THENCE N 00°00'00" W, A DISTANCE OF 50.00 FEET; THENCE NORTHWESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" W, 28.28 FEET); THENCE N 00°00'00" E, A DISTANCE OF 85.45 FEET; THENCE NORTHERLY, 15.46 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CENTRAL ANGLE OF 11°48'44" (CHORD BEARING N 05°54'22" E, 15.43 FEET); THENCE N 90°00'00" E, A DISTANCE OF 651.01 FEET; THENCE S 63°47'29" E, A DISTANCE OF 71.27 FEET; THENCE S 38°09'10" E, A DISTANCE OF 35.62 FEET; THENCE S 49°53'09" E, A DISTANCE OF 80.00 FEET; THENCE S 49°53'08" E, A DISTANCE OF 117.41 FEET; THENCE S 49°53'10" E, A DISTANCE OF 63.12 FEET; THENCE S 40°29'51" E, A DISTANCE OF 23.86 FEET; THENCE S 32°18'21" E, A DISTANCE OF 67.66 FEET; THENCE S 12°32'55" E, A DISTANCE OF 67.66 FEET; THENCE S 01°03'23" E, A DISTANCE OF 22.83 FEET; THENCE N 27°14'19" E, A DISTANCE OF 68.99 FEET; THENCE N 60°19'45" E, A DISTANCE OF 101.14 FEET TO THE EAST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 31; THENCE ALONG SAID EAST LINE, RUN N 00°45'28" E, A DISTANCE OF 41.20 FEET TO THE SOUTHWEST CORNER OF THE NORTH 1/2 OF SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN S 89°33'32" E ALONG THE SOUTH LINE OF NORTH 1/2 OF SOUTHWEST 1/4 OF SAID SECTION 32, A DISTANCE OF 1276.29 FEET; THENCE DEPARTING SAID SOUTH LINE RUN S 30°26'32" W, A DISTANCE OF 396.29 FEET; THENCE S 59°33'28" E, A DISTANCE OF 22.35 FEET; THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 202.00 FEET; THENCE SOUTHERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 14°33'28" E, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE N 59°33'28" W, A DISTANCE OF 50.00 FEET; THENCE S 30°26'32" W, A DISTANCE OF 100.50 FEET; THENCE N 59°33'28" W, A DISTANCE OF 92.24 FEET; THENCE WESTERLY, 183.04 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 344.50 FEET AND A CENTRAL ANGLE OF 30°26'32" (CHORD BEARING N 74°46'44" W, 180.89 FEET); THENCE N 90°00'00" W, A DISTANCE OF 359.41 FEET; THENCE N 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 50.00 FEET; THENCE S 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 120.00 FEET; THENCE S 38°47'07" W, A DISTANCE OF 40.44 FEET TO THE POINT OF BEGINNING. CONTAINING 27.939 ACRES, MORE OR LESS. This instrument was prepared by and upon recording should be returned to: Sarah R. Sandy, Esq. KUTAK ROCK LLP 107 West College Avenue Tallahassee, Florida 32301 TRUE-UP AGREEMENT (SERIES 2025 BONDS – HR PHASE 2) THIS TRUE-UP AGREEMENT (SERIES 2025 BONDS – HR PHASE 2) (“Agreement”) is made and entered into on March 28, 2025 (“Effective Date”), by and between: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Leesburg, Florida, whose address is 219 East Livingston Street, Orlando, Florida 32801 (“District”); and TLC HODGES RESERVE, LLC, a Florida limited liability company, an owner and developer of a portion of lands within the District, whose local address is 605 Commonwealth Avenue, Orlando, Florida 32803 (together with its successors and assigns, the “Master Landowner”). RECITALS WHEREAS, the District was established by ordinance adopted by the City Commission of the City of Leesburg, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), and is validly existing under the Constitution and laws of the State of Florida; and WHEREAS, the Act authorizes the District to issue bonds for the purpose, among others, of planning, financing, constructing, operating and/or maintaining certain infrastructure, including but not limited to onsite and offsite master utilities system, including potable water, reclaimed water, and sanitary sewer systems, master stormwater management system, electrical service system (underground), onsite and offsite public roadway improvements, landscape, hardscape, and irrigation improvements; and other infrastructure within or without the boundaries of the District; and WHEREAS, the Master Landowner is the owner and developer of certain lands within the boundaries of the District known as Hodges Reserve Phase 2 as further described in Exhibit A attached hereto and incorporated herein (“HR Phase 2” or “Property”), which together with those certain lands in the District known as Hodges Reserve Phase 11 1 Note, at the time of the issuance of the Series 2025 Bonds, HR Phase 1 of the 2025 Assessment Area is not owned by the Master Landowner, is fully platted, and the platted lots therein were allocated Series 2025 Assessments in accordance with the Series 2025 Assessment Report; therefore, this Agreement does not apply to HR Phase 1. (“HR Phase 1”) constitutes the “2025 Assessment Area;” and WHEREAS, the District has adopted an improvement plan to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities, and services comprising the District’s capital improvement plan (the “Master Project”) as detailed in the Master Engineer’s Report dated March 20, 2024 (the “Engineer’s Report”); and WHEREAS, for the benefit of the 2025 Assessment Area, the District presently intends to undertake the planning, design, acquisition, construction, and installation of Master Project improvements for the 2025 Assessment Area (the “Series 2025 Project”) as further detailed in the Engineer’s Report, including the anticipated costs of such Series 2025 Project; and WHEREAS, the District intends to finance a portion of the Series 2025 Project through the anticipated issuance of its $5,030,000 Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area) (the “Series 2025 Bonds”); and WHEREAS, pursuant to Resolution Nos. 2024-25, 2024-26, 2024-30, and 2025-02 (collectively, the “Assessment Resolutions”), the District has imposed debt service special assessments (the “Series 2025 Assessments”) on the 2025 Assessment Area within the District pursuant to Chapters 170, 190, and 197, Florida Statutes, to secure the repayment of the Series 2025 Bonds; and WHEREAS, as part of the Assessment Resolutions, the District adopted the Master Assessment Methodology, dated March 20, 2024, as supplemented by the First Supplemental Assessment Methodology for the 2025 Project, dated March 14, 2025 (together, the “Series 2025 Assessment Report”), which are on file with the District and expressly incorporated herein by this reference; and WHEREAS, Master Landowner acknowledges and agrees that all of the Property benefits from the timely design, construction and/or acquisition of the Series 2025 Project; and WHEREAS, Master Landowner agrees that the Series 2025 Assessments, which were imposed on the Property, have been validly imposed and constitute valid, legal, and binding liens upon the Property; and WHEREAS, to the extent permitted by law, Master Landowner waives any defect in notice or publication or in the proceedings to levy, impose, and collect the Series 2025 Assessments on the Property; and WHEREAS, the Assessment Resolutions and Series 2025 Assessment Report provide that as the Property is platted, the allocation of the amounts assessed to and constituting a lien upon the Property would be calculated based upon certain density assumptions relating to the number of each type of residential unit to be constructed on the developable acres within the Property anticipated to absorb the allocation of Series 2025 Assessments, which assumptions were provided by Master Landowner; and WHEREAS, Master Landowner intends to plat and develop the Property based on then-existing market conditions, and the actual densities developed may be at some density less than the densities anticipated in the Series 2025 Assessment Report to absorb the allocation of the Series 2025 Assessments; and WHEREAS, as further described in the Assessment Resolutions, the Series 2025 Assessment Report anticipates a mechanism by which Master Landowner shall, if required, make certain payments to the District in order to satisfy, in whole or in part, the Series 2025 Assessments allocated and the liens imposed pursuant to the Assessment Resolutions, with the amount of such payments being determined generally by a calculation of the remaining unallocated debt prior to the District approving the final plat or site plan for a parcel or tract, as described in the Series 2025 Assessment Report (which payments shall collectively be referenced as the “True-Up Payment”); and WHEREAS, Master Landowner and the District desire to enter into this Agreement to confirm Master Landowner’s intentions and obligations to make True-Up Payments related to the Series 2025 Assessments, subject to the terms and conditions contained herein. NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows: SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement. SECTION 2. VALIDITY OF ASSESSMENTS. Master Landowner agrees that the Assessment Resolutions have been duly adopted by the District. Master Landowner further agrees that the Series 2025 Assessments imposed as liens by the District are legal, valid, and binding liens on the lands against which assessed until paid, coequal with the lien of all state, county, district, and municipal taxes, and superior in dignity to all other liens, titles, and claims. Master Landowner hereby waives and relinquishes any rights it may have to challenge, object to or otherwise fail to pay such Series 2025 Assessments. SECTION 3. COVENANT TO PAY. Master Landowner agrees and covenants to timely pay all such Series 2025 Assessments levied and imposed by the District pursuant to the Assessment Resolutions on assessable acres owned by Master Landowner, whether the Series 2025 Assessments are collected by the Tax Collector pursuant to Section 197.3632, Florida Statutes, directly by the District, or by any other method allowable by law. Master Landowner further agrees that to the extent Master Landowner fails to timely pay all Series 2025 Assessments on assessable acres owned by Master Landowner collected by mailed notice of the District, said unpaid Series 2025 Assessments (including True-Up Payments) may be placed on the tax roll by the District for collection by the Tax Collector pursuant to Section 197.3632, Florida Statutes, in any subsequent year or may be foreclosed on as provided for in Florida law. Master Landowner agrees that the provisions of this Agreement shall constitute a covenant running with the title to the Property and shall remain in full force and effect and be binding upon Master Landowner, its legal representatives, estates, successors, grantees, and assigns until released pursuant to the terms herein. SECTION 4. SPECIAL ASSESSMENT REALLOCATION. A. Assumptions as to Series 2025 Assessments. As of the Effective Date of this Agreement and as further described in the Series 2025 Assessment Report, Master Landowner has informed the District that it plans to construct or provide for the construction of a total of 127.20 ERUs (as defined in the Series 2025 Assessment Report) on the Property to absorb the Series 2025 Assessments allocated to HR Phase 2. B. Process for Reallocation of Assessments. The Series 2025 Assessments will be reallocated within the Property as lands are platted, re-platted, site planned, or a declaration of condominium recorded (all hereinafter referred to as “plat”, “platting”, or “platted”). In connection with such platting of acreage, the Series 2025 Assessments imposed on the acreage being platted will be allocated based upon the precise number of units of each product type within the area being platted. In furtherance thereof, at such time as acreage is to be platted, Master Landowner covenants that such plat shall be presented to the District. The District shall allocate the Series 2025 Assessments to the product types being platted and the remaining unplatted portions of the Property in accordance with the Series 2025 Assessment Report and cause such reallocation to be recorded in the District’s Improvement Lien Book. (i) It is an express condition of the lien established by the Assessment Resolutions that any and all plats containing any portion of the lands within the District, as the District’s boundaries may be amended from time to time, shall be presented to the District for review, approval and allocation of the Series 2025 Assessments to the product types being platted and the remaining unplatted property in accordance with the Series 2025 Assessment Report (“Reallocation”). Master Landowner covenants to comply with this requirement for the Reallocation. The District agrees that no further action by the District’s Board of Supervisors shall be required. The District’s review of the plats shall be limited solely to the Reallocation of Series 2025 Assessments and enforcement of the Series 2025 Assessment lien, including any True-Up Payments due. Nothing herein shall in any way operate to or be construed as providing any other plat and plan approval or disapproval powers to the District. (ii) As the acreage within the District is developed, it will be platted. At such time as a plat is presented to the District (each such date being a “True-Up Date”), the District shall determine if the debt per gross acre remaining on the unplatted land is greater than the debt per gross acre of such land at the initial time of imposition of the Series 2025 Assessments, and, if it is, a True-Up Payment in the amount of such excess shall become due and payable by Master Landowner or its successors or assigns, as applicable, in that tax year in accordance with the Series 2025 Assessment Report, in addition to the regular assessment installment payable for lands owned by the Master Landowner. The District will ensure collection of such amounts in a timely manner in order to meet its debt service obligations, and in all cases, Master Landowner agrees that to the extent such payments are the obligation of the Master Landowner, such payments shall be made in order to ensure the District’s timely payments of the debt service obligations on the Series 2025 Bonds. The District shall record all True-Up Payments in its Improvement Lien Book. (iii) The foregoing is based on the District's understanding with Master Landowner that it may plat at least 127.20 ERUs on the developable acres within the Property to absorb the allocation of the Series 2025 Assessments. However, the District agrees that nothing herein prohibits more or less than 127.20 ERUs from being platted. In no event shall the District collect Series 2025 Assessments pursuant to the Assessment Resolutions in excess of the total debt service related to the Series 2025 Project, including a. Agreement Runs with Land – This Agreement shall constitute a covenant running with title to the Property, binding upon Master Landowner and its successors and assigns as to lands comprising the Property or portions thereof, and any transferee of any portion of lands comprising the Property as set forth in this Section, except as permitted by subsection b., below, or subject to the conditions set forth in subsection c., below. b. Exceptions – Master Landowner shall not transfer any portion of the Property to any third party without complying with the terms of subsection c. below, other than: all costs of financing and interest. The District, however, may collect Series 2025 Assessments in excess of the annual debt service related to the Series 2025 Project, including all costs of financing and interest, which shall be applied to prepay the Series 2025 Bonds. If the strict application of the true-up methodology to any Reallocation for any plat pursuant to this Agreement would result in Series 2025 Assessments collected in excess of the District's total debt service obligation for the Series 2025 Project, the District agrees to take appropriate action by resolution to equitably reallocate the Series 2025 Assessments. (iv) All Series 2025 Assessments levied run with the land, and such assessment liens include any True-Up Payments. The District will not release any liens on property for which True-Up Payments are due, until payment has been satisfactorily made. SECTION 5. ENFORCEMENT. This Agreement is intended to be an additional method of enforcement of Master Landowner’s obligation to pay the Series 2025 Assessments on assessable acres owned by Master Landowner and to abide by the requirements of the Reallocation of Series 2025 Assessments, including the making of the True-Up Payment, as set forth in the Assessment Resolutions. A default by any party under this Agreement shall entitle any other party to all remedies available at law or in equity, excluding consequential and punitive damages and subject to recourse limitations in documents applicable to the District and the Series 2025 Bonds. SECTION 6. ASSIGNMENT. (i) Platted and fully developed lots to homebuilders restricted from replatting; (ii) Platted and fully developed lots to end users; and (iii) Subject to any Series 2025 Assessment payment obligations under the Assessment Resolutions, land which is exempt from assessments to the City of Leesburg, Florida, Lake County, Florida (“County”), the District, a homeowners’ association, or other governmental agencies. Any transfer of any portion of lands comprising the Property pursuant to subsections (i), (ii) or (iii) listed above shall constitute an automatic release of such portion of the Property from the scope and effect of this Agreement; provided however, that any True-Up Payment owing is paid prior to such transfer. c. Transfer Conditions – Master Landowner shall not transfer any portion of the Property to any third party, except as permitted by subsection b. above, without satisfying the following condition (“Transfer Condition”): satisfying any True-Up Payment that results from any true-up determinations made by the District incident to such transfer or, if transferee is a homebuilder receiving platted and fully developed lots not restricted from replatting, such homebuilder enters into a separate true up agreement with the District to the District’s satisfaction. Any transfer that is consummated pursuant to this Section shall operate as a release of Master Landowner from its obligations under this Agreement as to such portion of the Property only arising from and after the date of such transfer and satisfaction of the Transfer Condition including payment of any True-Up Payments due, and the transferee, which by recording or causing to be recorded in the Official Records of the County, the deed transferring such portion to the transferee, shall be deemed to assume Master Landowner’s obligations in accordance herewith and shall be deemed the “Master Landowner” from and after such transfer for all purposes as to such portion of lands comprising the Property so transferred. Regardless of whether the conditions of this subsection are met, any transferee, other than those specified in subsection b., above, shall take title subject to the terms of this Agreement. d. General – Except as provided in this Section 6, no party may assign its rights, duties, or obligations under this Agreement or any monies to become due hereunder without the prior written consent of the other party, whose consent shall not be unreasonably withheld. Except as provided in this Section 6, any purported assignment by either party absent the prior written consent of the other party as required by this section shall be void and unenforceable. SECTION 7. RECOVERY OF COSTS AND FEES. In the event any party is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party, as determined by the applicable court or other dispute resolution provider, shall be entitled to recover from the non-prevailing party all fees and costs incurred, including reasonable attorneys' fees and costs incurred prior to or during any litigation or other dispute resolution and including all fees and costs incurred in appellate proceedings. SECTION 8. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows: A. If to the District: Dewey Robbins Community Development District 219 East Livingston Street Orlando, Florida 32801 Attn: District Manager With a copy to: Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel B. If to the Master Landowner: TLC Hodges Reserve, LLC 605 Commonwealth Avenue Orlando, Florida 32803 Attn: Andrew J. Orosz Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Master Landowner may deliver Notice on behalf of the District and the Master Landowner, respectively. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein. SECTION 9. AMENDMENT. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and the Master Landowner, but only after satisfaction of the conditions set forth in Section 12. SECTION 10. TERMINATION. This Agreement shall terminate automatically upon the full allocation of Series 2025 Assessments to platted units and the payment in full of all True-Up Payment having been determined to be due hereunder. SECTION 11. NEGOTIATION AT ARM’S LENGTH. This Agreement has been negotiated fully between the parties as an arm’s length transaction. All parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, all parties are deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against either party. SECTION 12. BENEFICIARIES. Except as set forth below, this Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. Notwithstanding the foregoing or anything else herein to the contrary, this Agreement is not intended to be and shall not be binding upon an end user purchaser of a platted lot. Notwithstanding anything in this Agreement to the contrary, the trustee for the Series 2025 Bonds (“Trustee”), on behalf of the Series 2025 Bond holders, shall be a direct third party beneficiary of the terms and conditions of this Agreement and acting at the direction of and on behalf of Majority Owners (as such term is defined in the indenture for the Series 2025 Bonds) of Series 2025 Bonds, shall be entitled to enforce the Master Landowner’s obligations hereunder. The Trustee shall not be deemed to have assumed any obligations under this Agreement. Except as provided in Section 6, this Agreement may not be assigned or materially amended without the written consent of the Trustee, acting at the direction of the Majority Owners of the Series 2025 Bonds, which consent shall not be unreasonably withheld. SECTION 13. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. SECTION 14. APPLICABLE LAW; VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each party consents that the venue for any litigation arising out of or related to this Agreement shall be in the County in which the District is located. SECTION 15. PUBLIC RECORDS. The Master Landowner understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and may require treatment as such in accordance with Florida law. SECTION 16. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Master Landowner; both the District and the Master Landowner have complied with all the requirements of law; and both the District and the Master Landowner have full power and authority to comply with the terms and provisions of this Agreement. SECTION 17. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable. SECTION 18. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement SECTION 19. EXECUTION IN COUNTERPARTS. This instrument may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document. SECTION 20. EFFECTIVE DATE. This Agreement shall become effective after execution by the parties hereto on the Effective Date. [Remainder of this page left intentionally blank.] IN WITNESS WHEREOF, the parties below execute this Agreement to be effective as of the Effective Date. WITNESS By: Name: Address: ______________________________ DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT By: Name: Anthony Iorio Title: Chairman By: Name: Address: ______________________________ STATE OF FLORIDA COUNTY OF _____________ The foregoing instrument was acknowledged before me by means of . physical presence or . online notarization, on ______________, 2025, by Anthony Iorio, Chairman of Dewey Robbins Community Development District, who is either . personally known to me, or . produced ______________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) Exhibit A: Description of Property [SIGNATURE PAGE FOR TRUE-UP AGREEMENT (SERIES 2025 BONDS – HR PHASE 2)] WITNESSES: _______________________________________ Print Name: _____________________________ Address: ________________________________ ________________________________________ ________________________________________ Print Name: ______________________________ Address: _________________________________ _________________________________________ TLC HODGES RESERVE, LLC, a Florida limited liability company By: ____________________________________ Name: Andrew J. Orosz Its: Authorized Representative STATE OF FLORIDA COUNTY OF _____________ The foregoing instrument was acknowledged before me by means of . physical presence or . online notarization, on ______________, 2025, by Andrew J. Orosz as an Authorized Representative of TLC Hodges Reserve, LLC, a Florida limited liability company, on behalf of the company, and who is either . personally known to me, or . produced ______________________ as identification (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) EXHIBIT A A PARCEL OF LAND LYING IN SECTIONS 31 AND 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST, LAKE COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF THE SOUTHEAST 1/4 OF SECTION 31, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN N 00°45'28" E ALONG THE EAST LINE OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, A DISTANCE OF 663.44 FEET TO THE NORTHEAST CORNER OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, ALSO BEING THE POINT OF BEGINNING; THENCE DEPARTING SAID EAST LINE, RUN N 89°27'21" W, A DISTANCE OF 519.69 FEET; THENCE N 00°00'00" E, A DISTANCE OF 146.59 FEET; THENCE S 90°00'00" E, A DISTANCE OF 18.44 FEET; THENCE N 00°00'00" E, A DISTANCE OF 50.00 FEET; THENCE S 90°00'00" E, A DISTANCE OF 100.00 FEET; THENCE N 00°00'00" E, A DISTANCE OF 282.31 FEET; THENCE N 49°53'09" W, A DISTANCE OF 198.17 FEET; THENCE N 90°00'00" W, A DISTANCE OF 565.94 FEET; THENCE NORTHERLY, 40.17 FEET ALONG THE ARC OF A NONTANGENT CURVE TO THE LEFT HAVING A RADIUS OF 275.00 FEET AND A CENTRAL ANGLE OF 08°22'13" (CHORD BEARING N 04°11'07" E, 40.14 FEET); THENCE N 00°00'00" E, A DISTANCE OF 59.97 FEET; THENCE NORTHEASTERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" E, 28.28 FEET); THENCE N 00°00'00" W, A DISTANCE OF 50.00 FEET; THENCE NORTHWESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" W, 28.28 FEET); THENCE N 00°00'00" E, A DISTANCE OF 85.45 FEET; THENCE NORTHERLY, 15.46 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CENTRAL ANGLE OF 11°48'44" (CHORD BEARING N 05°54'22" E, 15.43 FEET); THENCE N 90°00'00" E, A DISTANCE OF 651.01 FEET; THENCE S 63°47'29" E, A DISTANCE OF 71.27 FEET; THENCE S 38°09'10" E, A DISTANCE OF 35.62 FEET; THENCE S 49°53'09" E, A DISTANCE OF 80.00 FEET; THENCE S 49°53'08" E, A DISTANCE OF 117.41 FEET; THENCE S 49°53'10" E, A DISTANCE OF 63.12 FEET; THENCE S 40°29'51" E, A DISTANCE OF 23.86 FEET; THENCE S 32°18'21" E, A DISTANCE OF 67.66 FEET; THENCE S 12°32'55" E, A DISTANCE OF 67.66 FEET; THENCE S 01°03'23" E, A DISTANCE OF 22.83 FEET; THENCE N 27°14'19" E, A DISTANCE OF 68.99 FEET; THENCE N 60°19'45" E, A DISTANCE OF 101.14 FEET TO THE EAST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 31; THENCE ALONG SAID EAST LINE, RUN N 00°45'28" E, A DISTANCE OF 41.20 FEET TO THE SOUTHWEST CORNER OF THE NORTH 1/2 OF SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN S 89°33'32" E ALONG THE SOUTH LINE OF NORTH 1/2 OF SOUTHWEST 1/4 OF SAID SECTION 32, A DISTANCE OF 1276.29 FEET; THENCE DEPARTING SAID SOUTH LINE RUN S 30°26'32" W, A DISTANCE OF 396.29 FEET; THENCE S 59°33'28" E, A DISTANCE OF 22.35 FEET; THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 202.00 FEET; THENCE SOUTHERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 14°33'28" E, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE N 59°33'28" W, A DISTANCE OF 50.00 FEET; THENCE S 30°26'32" W, A DISTANCE OF 100.50 FEET; THENCE N 59°33'28" W, A DISTANCE OF 92.24 FEET; THENCE WESTERLY, 183.04 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 344.50 FEET AND A CENTRAL ANGLE OF 30°26'32" (CHORD BEARING N 74°46'44" W, 180.89 FEET); THENCE N 90°00'00" W, A DISTANCE OF 359.41 FEET; THENCE N 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 50.00 FEET; THENCE S 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 120.00 FEET; THENCE S 38°47'07" W, A DISTANCE OF 40.44 FEET TO THE POINT OF BEGINNING. CONTAINING 27.939 ACRES, MORE OR LESS. ACQUISITION AGREEMENT (SERIES 2025 BONDS – HR PHASE 1) THIS ACQUISITION AGREEMENT (SERIES 2025 BONDS – HR PHASE 1) (“Agreement”) is made and entered into by the following parties, and to be effective as of October 23, 2024 (“Effective Date”): DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located entirely within the City of Leesburg, Florida (“District”); and LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company, developer of a portion of lands located within the boundaries of the District, whose address is 2420 S. Lakemont Avenue, Suite 450, Orlando, Florida 32814 (the “HR Phase 1 Developer,” together with the District, the “Parties” and individually, “Party”). RECITALS WHEREAS, the District was established by Ordinance No. 24-14, adopted by the City Commission of the City of Leesburg, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure, including but not limited to stormwater management facilities; potable water, reclaimed water, and wastewater systems; onsite and offsite roadway improvements; undergrounding of electrical; gas; landscape, hardscape, and irrigation improvements; and other infrastructure; and WHEREAS, the HR Phase 1 Developer is the developer of certain lands within the boundaries of the District known as Hodges Reserve Phase 1 (“HR Phase 1” or “Development”), which together with those certain lands in the District known as Hodges Reserve Phase 2 (“HR Phase 2”) shall be known as the “2025 Assessment Area;” and WHEREAS, the District presently intends to finance a portion of the planning, design, acquisition, construction, and/or installation of infrastructure improvements, facilities, and services comprising the District’s capital improvement plan for the 2025 Assessment Area (“Series 2025 Project”)1 1 Note, the Series 2025 Project includes those capital infrastructure improvements relating to both HR Phase 1 and HR Phase 2. The Series 2025 Project improvements relating to HR Phase 2, which are also described in the Engineer’s Report and necessary for the development of the 2025 Assessment Area, are not included in the District Improvements that are subject to this Agreement. Instead, Series 2025 Project improvements relating to HR Phase 2 will be subject to a separate acquisition agreement by and between the District and TLC Hodges Reserve, LLC. as detailed in the Master Engineer’s Report, dated March 20, 2024 (as amended and/or supplemented from time to time, “Engineer’s Report”), and attached to this Agreement as Exhibit A, which include the Series 2025 Project improvements relating to HR Phase 1 (“District Improvements”); and WHEREAS, the anticipated costs of the District Improvements are identified in the Engineer’s Report (“Project Costs”); and WHEREAS, the District does not have sufficient monies on hand to allow the District to contract directly for the preparation of the necessary surveys, reports, drawings, plans, permits, specifications, and related third-party development documents which would allow the timely commencement and completion of construction of the District Improvements (“Work Product”); and WHEREAS, the District will not have sufficient monies to proceed with either the preparation of the Work Product or the commencement of construction of the District Improvements described in Exhibit A until such time as the District has closed on the sale of its proposed Capital Improvement Revenue Bonds, in one or more series (“Bonds”), the proceeds of which will be utilized as payment for the Work Product and the District Improvements contemplated by this Agreement; and WHEREAS, in order to avoid a delay in the commencement of the construction of the District Improvements, which delay would also delay the HR Phase 1 Developer from implementing its planned development program, the HR Phase 1 Developer will advance, fund, commence, and complete and/or cause third parties to commence and complete certain work to enable the District to expeditiously provide the infrastructure; and WHEREAS, as of each Acquisition Date (as hereinafter defined), the HR Phase 1 Developer desires to convey, or assign as applicable, to the extent permitted, and the District desires to acquire, or take assignment of as applicable, the Work Product, the District Improvements, and the real property sufficient to allow the District to own, operate, maintain, construct, or install the District Improvements described in Exhibit A, if any such conveyances are appropriate (“Real Property”), upon the terms and conditions contained herein; and WHEREAS, the District and the HR Phase 1 Developer are entering into this Agreement to ensure the timely provision of the District Improvements and completion of the Development. NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the HR Phase 1 Developer agree as follows: 1. INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated as a material part of this Agreement. 2. ACQUISITION DATE. The Parties agree to cooperate and use good faith and best efforts to undertake and complete the acquisition process contemplated by this Agreement on such date or dates as the Parties may jointly agree upon (each an “Acquisition Date”), but all must be no later than the end of a reasonable time period for acquisition considering the type of Work Product, Real Property and District Improvements to be conveyed, or such other time period required to maintain the tax-exempt status of the Bonds as determined by an opinion of the District’s bond counsel. The Parties agree that separate or multiple Acquisition Dates may be established for any portion of the acquisitions contemplated by this Agreement. 3. ASSIGNMENT OF CONTRACTS. The District may accept the assignment of certain contracts (“Construction Contracts”). Such acceptance is predicated upon meeting the District’s requirements, including but not limited to: (i) each contractor providing a bond in the form and manner required by Section 255.05, F.S., or the HR Phase 1 Developer providing adequate alternative security in compliance with Section 255.05, F.S., if required, (ii) receipt by the District of a release from each general contractor acknowledging each assignment and the validity thereof, acknowledging the furnishing of the bond or other security required by Section 255.05, F.S., if any, and waiving any and all claims against the District arising as a result of or connected with such assignment of Construction Contracts. The HR Phase 1 Developer hereby indemnifies and holds the District harmless from any claims, demands, liabilities, judgments, costs, or other actions which may be brought against or imposed upon the District by any contractors, subcontractors, sub-subcontractors, materialmen, and others providing labor or services in conjunction with each such contract and including claims by members of the public, in each case only as such claims relate to the period of time prior to the District’s acceptance of the assignment of Construction Contracts. 4. ACQUISITION OF WORK PRODUCT. Subject to any applicable legal requirements (e.g., but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District agrees to pay the actual reasonable cost incurred by the HR Phase 1 Developer in preparation of the Work Product in accordance with the provisions of this Agreement. The HR Phase 1 Developer shall provide copies of any and all invoices, bills, receipts, or other evidence of costs incurred by the HR Phase 1 Developer for the Work Product acquired with proceeds from the Bonds. The District Engineer shall review all evidence of cost and shall certify to the District’s Board of Supervisors (“Board”) the total actual amount of cost, which in the District Engineer’s sole opinion, is reasonable for the Work Product. The District Engineer’s opinion as to cost shall be set forth in an Engineer’s Certificate which shall accompany the requisition for the funds from the District’s trustee for the Bonds (“Trustee”). In the event that the HR Phase 1 Developer disputes the District Engineer’s opinion as to cost, the District and the HR Phase 1 Developer agree to use good faith efforts to resolve such dispute. If the Parties are unable to resolve any such dispute, the Parties agree to jointly select a third-party engineer whose decision as to any such dispute shall be binding upon the Parties. Such a decision by a third-party engineer shall be set forth in an Engineer’s Affidavit which shall accompany the requisition for Bond funds from the Trustee. The foregoing engineering review and certification process shall hereinafter be referred to as the “Review Process.” The Parties acknowledge that the Work Product is being acquired for use by the District in connection with the construction of the District Improvements. A. The HR Phase 1 Developer agrees to convey to the District any and all of its right, title and interest in the Work Product (except as otherwise provided for in this Agreement) upon payment of the sums determined to be reasonable by the District Engineer, or a third-party engineer selected pursuant to this Section, or prior to payment of such as provided for herein, and approved by the Board pursuant to and as set forth in this Agreement. B. Except as otherwise provided for in this Agreement, the HR Phase 1 Developer agrees to release, or assign as applicable, to the District all transferrable right, title, and interest which the HR Phase 1 Developer may have in and to the above described Work Product, as well as all common law, statutory, and other reserved rights of HR Phase 1 Developer in and to the Work Product, including any and all copyrights in the Work Product and extensions and renewals thereof under United States law and throughout the world, and all publication rights and all subsidiary rights and other rights in and to the Work Product in all forms, mediums, and media, now known or hereinafter devised if owned by the HR Phase 1 Developer. To the extent determined necessary by the District, the HR Phase 1 Developer shall use good faith efforts to obtain all releases from any professional providing services in connection with the Work Product acquired with the proceeds of the Bonds to enable the District to use and rely upon the Work Product. Such releases may include, but are not limited to, any architectural, engineering, or other professional services. C. Notwithstanding anything to the contrary contained herein: (i) the HR Phase 1 Developer’s conveyance or assignment of the Work Product is made without representation or warranty whatsoever, and the HR Phase 1 Developer shall not be held liable for the Work Product or any defect therein and (ii) the HR Phase 1 Developer reserves a license to use the Work Product as set forth below, including reliance upon and enforcement thereof. The District agrees to seek recovery for any loss with respect to the Work Product from any person or entity who created the Work Product or who has provided an applicable warranty that has been assigned to the District pursuant to Section 4.D. of this Agreement. D. The HR Phase 1 Developer agrees to provide or cause to be provided to the District, either by assignment or directly from such third parties as may be necessary and desirable to the mutual satisfaction of the Parties hereto, any transferable warranty for the person or entity who created the Work Product which is in favor of the HR Phase 1 Developer that the Work Product is fit for the purposes to which it will be put by the District, as contemplated by the Engineer’s Report. E. The District hereby grants to the HR Phase 1 Developer, and the HR Phase 1 Developer hereby reserves, access to and the right to use the Work Product, without the payment of any fee by the HR Phase 1 Developer. However, to the extent the HR Phase 1 Developer’s access to and use of the Work Product causes the District to incur any de minimus cost, such as copying costs, the HR Phase 1 Developer agrees to pay such cost or expense. 5. ACQUISITION OF DISTRICT IMPROVEMENTS. Subject to any applicable legal requirements (e.g., including, but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District agrees to acquire completed District Improvements. When a portion of the District Improvements are completed and ready for conveyance by the HR Phase 1 Developer to the District, the HR Phase 1 Developer shall notify the District in writing, describing the nature of the improvement, its general location, and its estimated cost. The HR Phase 1 Developer agrees to provide, at or prior to each Acquisition Date, the following: (i) documentation of actual costs paid, (ii) instruments of conveyance such as special warranty bills of sale or such other instruments necessary to convey such portion of the District Improvements as may be reasonably requested by the District in accordance (but not in conflict) with this Agreement, and (iii) any other reasonable releases or documentation as may be reasonably requested by the District or the HR Phase 1 Developer in accordance (but not in conflict) with this Agreement. Any real property interests necessary for the functioning of the District Improvements to be acquired under this paragraph shall be reviewed and conveyed in accordance with the provisions of Section 6. The District Engineer in consultation with counsel and the HR Phase 1 Developer shall determine in writing whether or not the infrastructure to be conveyed is a part of the District Improvements contemplated by the Engineer’s Report, and if so, shall provide the HR Phase 1 Developer with a list of items necessary to complete the acquisition. Each such acquisition shall also be subject to the Review Process described in Section 4 above. The District’s Manager (“District Manager”) shall determine, in writing, whether the District has, based on the HR Phase 1 Developer’s estimate of cost, sufficient unencumbered funds to acquire the improvement. A. All documentation of any acquisition (e.g., bills of sale, receipts, maintenance bonds, as-builts, evidence of costs, deeds or easements, etc.) shall be to the reasonable satisfaction of the District. If any item acquired is to be conveyed to a third-party governmental body, then the HR Phase 1 Developer agrees to cooperate and provide such certifications or documents as may reasonably be required by that governmental body, if any. B. The District Engineer shall certify as to the actual cost of any District Improvement. Subject to any applicable legal requirements (e.g., but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District shall pay no more than the actual cost incurred, as determined by the District Engineer. C. The HR Phase 1 Developer agrees to cooperate fully in the transfer of any permits to the District or any governmental entity with maintenance obligations for any District Improvements conveyed pursuant to this Agreement. 6. CONVEYANCE OF REAL PROPERTY. A. Conveyance. The HR Phase 1 Developer agrees that it will convey, or cause to be conveyed, to the District, at or prior to each Acquisition Date as reasonably determined by the District and the HR Phase 1 Developer, by a special warranty deed (or, if less than a fee estate, by easement or other instrument) reasonably acceptable to the Board together with a metes and bounds or other description, the lands (or less interest therein) upon which the District Improvements are constructed or which are necessary for the operation and maintenance of, and access to the District Improvements. The Parties agree that all Real Property shall be provided to the District at no cost unless the costs for the Real Property are expressly included as part of the Project Costs. The District may determine in its reasonable discretion that fee title is not necessary and in such cases shall accept such other interest in the lands upon which the District Improvements are constructed as the District deems acceptable. Such special warranty deed (or, if less than fee estate, other instrument) shall be subject to a reservation by the HR Phase 1 Developer of its right and privilege to use the area conveyed and/or grant to third parties the right to construct the District Improvements and any future improvements to such area for any related purposes (including, but not limited to, construction traffic relating to the construction of HR Phase 1) not inconsistent with the District’s use, occupation or enjoyment thereof. The HR Phase 1 Developer shall pay all required closing costs (i.e., documentary stamps) if any, for the conveyance of the lands upon which the District Improvements are constructed. The HR Phase 1 Developer shall be responsible for all taxes and assessments levied on the lands upon which the District Improvements are constructed until such time as the HR Phase 1 Developer conveys, or causes to be conveyed, all said lands to the District. At the time of conveyance, and if desired by the District, the HR Phase 1 Developer shall provide, at its expense, an owner’s title insurance policy or obtain an opinion of title in a form satisfactory to the District. B. Boundary or Other Adjustments. The HR Phase 1 Developer and the District agree that reasonable future boundary adjustments may be made as deemed necessary by both Parties in order to accurately describe lands conveyed to the District and lands which remain in the HR Phase 1 Developer’s ownership or control. The Parties agree that any land transfers made to accommodate such adjustments shall be accomplished by donation. However, the Party requesting such adjustment shall pay any third-party transaction costs resulting from the adjustment, including but not limited to taxes, title insurance, recording fees or other third-party transfer costs. 7. TAXES, ASSESSMENTS, AND COSTS. A. Taxes, assessments and costs resulting from Agreement. The HR Phase 1 Developer agrees to indemnify the District from and make payment for any and all taxes (ad valorem, personal property, intangibles, or otherwise) or non-ad valorem assessments, which may be imposed upon the District, or which the District is legally obligated to pay, as a result of the Parties entering into this Agreement, if any, whether such taxes or assessments are imposed upon the District’s property or property interest, or the HR Phase 1 Developer’s property or property interest. As to any parcel of Real Property conveyed by the HR Phase 1 Developer pursuant to this Agreement, the potential obligations of the HR Phase 1 Developer to pay such taxes and assessments that may be incurred as a result of the Parties entering into this Agreement shall terminate one (1) year after conveyance of such parcel of Real Property. Notwithstanding the foregoing, the Parties represent to each other that they are not aware of any such taxes or assessments imposed upon the District as of the Effective Date of this Agreement. B. Taxes and assessments on property being acquired. The District is an exempt governmental unit acquiring property pursuant to this Agreement for use exclusively for public purposes. Accordingly, in accordance with Florida law, the HR Phase 1 Developer agrees to reserve an amount equal to the current ad valorem taxes and non-ad valorem assessments (with the exception of those ad valorem taxes and non-ad valorem assessments levied by the District) prorated to the date of transfer of title, based upon the expected assessment and millage rates giving effect to the greatest discount available for early payment. 1. If and only to the extent the property acquired by the District is subject to ad valorem taxes or non-ad valorem assessments, the HR Phase 1 Developer agrees to reimburse the District for payment, or pay on its behalf, the prorated portion of any and all ad valorem taxes and non-ad valorem assessments imposed during the calendar year in which each parcel of property is conveyed. For example, if the District acquires property in October 2025, the HR Phase 1 Developer shall escrow the pro rata amount of taxes due for the tax bill payable in November 2025. If any additional taxes are imposed on the District’s property in 2025 for a period which property was owned by the HR Phase 1 Developer or an affiliate of HR Phase 1 Developer, then the HR Phase 1 Developer agrees to reimburse the District for that additional amount. 2. Nothing in this Agreement shall prevent the District from asserting any rights to challenge any taxes or assessments imposed, if any, on any property of the District. C. Notice. The Parties agree to provide notice to the other within ten (10) calendar days of receipt of any notice of potential or actual taxes, assessments, or costs, as a result of any transaction pursuant to this Agreement, or notice of any other taxes, assessments or costs imposed on the property acquired by the District as described in subsection B above. The HR Phase 1 Developer covenants to make any payments due hereunder in a timely manner in accordance with Florida law. In the event that the HR Phase 1 Developer fails to make timely payment of any such taxes or costs, the HR Phase 1 Developer acknowledges the District’s right to make such payment. If the District makes such payment, the HR Phase 1 Developer agrees to reimburse the District within thirty (30) calendar days of receiving notice of such payment, and to include in such reimbursement any fees, costs, penalties, or other expenses which accrued to the District as a result of making such a payment, including interest at the maximum rate allowed by law from the date of the payment made by the District. D. Tax liability not created. Nothing herein is intended to create or shall create any new or additional tax liability on behalf of the HR Phase 1 Developer or the District. Furthermore, the Parties reserve all respective rights to challenge, pay under protest, contest or litigate the imposition of any tax, assessment, or cost in good faith they believe is unlawfully or inequitably imposed and agree to cooperate in good faith in the challenge of any such imposition. 8. ACQUISITION IN ADVANCE OF RECEIPT OF PROCEEDS. The District and the HR Phase 1 Developer hereby agree that an acquisition pursuant to this Agreement (“Acquisition”) by the District may be completed prior to the District obtaining proceeds from Bonds. The District agrees to pursue the issuance of the Bonds in good faith; provided however, nothing herein shall cause or be construed to require the District to issue Bonds or other forms of indebtedness to provide funds for any unfunded Acquisition. In the event that the District issues Bonds and has Bond proceeds available to pay for any portion of the Acquisitions acquired by the District, and subject to the terms of the applicable documents relating to the Bonds, then the District shall promptly make payment for any such acquired Work Product, District Improvements or Real Property pursuant to the terms of this Agreement; provided, however, that no such obligation shall exist where the HR Phase 1 Developer is in default on the payment of any debt service assessments due on any property owned by the HR Phase 1 Developer, or, further, in the event the District’s bond counsel determines that any such Acquisitions are not properly compensable for any reason, including, but not limited to federal tax restrictions imposed on tax-exempt financing, the District shall not be obligated to make payment for such Acquisitions. Interest shall not accrue on the amounts owed for any prior Acquisitions. In the event the District does not or cannot issue the sufficient Bonds within six (6) years from the Effective Date of this Agreement to pay for all Acquisitions hereunder and, thus, does not make payment to the HR Phase 1 Developer for any unfunded Acquisitions, then the Parties agree that the District shall have no reimbursement obligation whatsoever for those unfunded Acquisitions except as otherwise designated in writing by the District as Unpaid Requisitions pursuant to, and as defined in, the applicable Supplemental Trust Indenture. The HR Phase 1 Developer acknowledges that the District may convey some or all of the District Improvements, Work Product, or Real Property described in the Engineer’s Report to a general purpose unit of local government or certain utility providers and consents to such conveyance(s) prior to payment being made to the HR Phase 1 Developer for any prior Acquisitions. 9. DEFAULT. A default by either Party under this Agreement, which continues for a period of thirty (30) days after notice of such default, shall entitle the other Party to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or, if applicable, specific performance. 10. ENFORCEMENT OF AGREEMENT. In the event that either of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to recover from the other Party, in addition to all other relief granted or awarded, all fees and costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, appellate proceedings and post-judgment collection proceedings. 11. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and the HR Phase 1 Developer relating to the subject matter of this Agreement. 12. AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by all Parties hereto. 13. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the HR Phase 1 Developer. The District and the HR Phase 1 Developer have complied with all the requirements of law. The District and the HR Phase 1 Developer have full power and authority to comply with the terms and provisions of this Agreement. 14. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the Parties, as follows: A. If to the HR Phase 1 Developer: Landsea Homes of Florida LLC 2420 S. Lakemont Avenue, Suite 450 Orlando, Florida 32814 Attn: Vice President of Land With a copy to: Shutts & Bowen LLP 300 South Orange Avenue, Suite 1600 Orlando, Florida 32801 B. If to District: Dewey Robbins Community Development District 219 East Livingston Street Orlando, Florida 32801 Attn: District Manager With a copy to: Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the HR Phase 1 Developer may deliver Notice on behalf of the District and the HR Phase 1 Developer. Any Parties or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth in this Agreement. 15. ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the HR Phase 1 Developer as an arm’s length transaction. All Parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any Party hereto. 16. THIRD-PARTY BENEFICIARIES. Except as provided in this Agreement, this Agreement is solely for the benefit of the District and the HR Phase 1 Developer and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third-party not a formal Party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the District and the HR Phase 1 Developer any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the HR Phase 1 Developer and their respective representatives, successors, and assigns. 17. ASSIGNMENT; RESERVATION OF RIGHT TO ASSIGN PAYMENT. This Agreement may be assigned, in whole or in part, by either Party only upon the written consent of the other, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, the HR Phase 1 Developer may assign its right to payment hereunder from Bond proceeds for the Acquisitions acquired by the District pursuant to this Agreement without further consent of the Parties hereto. 18. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each Party consents that the venue for any litigation arising out of or related to this Agreement shall be in Lake County, Florida. 19. [RESERVED] 20. TERMINATION. This Agreement may be terminated by the District or the HR Phase 1 Developer without penalty in the event that the District does not issue its proposed Bonds. 21. PUBLIC RECORDS. The HR Phase 1 Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and will be treated as such in accordance with Florida law. 22. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable. 23. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third-party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. 24. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement. 25. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document. [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK.] IN WITNESS WHEREOF, the Parties hereto have executed this Agreement to be effective as of the Effective Date. Attest: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT ____________________________ By: ____________________________ Secretary/Assistant Secretary Name: Anthony Iorio Its: Chairman LANDSEA HOMES OF FLORIDA LLC, a Delaware limited liability company ___________________________ By: __________________________ Witness Name: _______________________ Its: __________________________ Exhibit A: Engineer’s Report Exhibit A Engineer’s Report ACQUISITION AGREEMENT (SERIES 2025 BONDS – HR PHASE 2) THIS ACQUISITION AGREEMENT (SERIES 2025 BONDS – HODGES RESERVE PHASE 2) (“Agreement”) is made and entered into by the following parties, and to be effective as of October 23, 2024 (“Effective Date”): DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located entirely within the City of Leesburg, Florida (“District”); and TLC HODGES RESERVE, LLC, a Florida limited liability company, an owner and developer of a portion of lands located within the boundaries of the District, whose address is 605 Commonwealth Avenue, Orlando, Florida 32803 (the “Master Landowner,” together with the District, the “Parties” and individually, “Party”). RECITALS WHEREAS, the District was established by Ordinance No. 24-14, adopted by the City Commission of the City of Leesburg, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure, including but not limited to stormwater management facilities; potable water, reclaimed water, and wastewater systems; onsite and offsite roadway improvements; undergrounding of electrical; gas; landscape, hardscape, and irrigation improvements, and other infrastructure; and WHEREAS, the Master Landowner is an owner and developer of certain lands within the boundaries of the District known as Hodges Reserve Phase 2 (“HR Phase 2” or “Development”), which together with those certain lands in the District known as Hodges Reserve Phase 1 (“HR Phase 1”) shall be known as the “2025 Assessment Area;” and WHEREAS, the District presently intends to finance a portion of the planning, design, acquisition, construction, and/or installation of infrastructure improvements, facilities, and services comprising the District’s capital improvement plan for the 2025 Assessment Area (“Series 2025 Project”)1 1 Note, the Series 2025 Project includes those capital infrastructure improvements relating to both HR Phase 1 and HR Phase 2. The Series 2025 Project improvements relating to HR Phase 1, which are also described in the Engineer’s Report and necessary for the development of the 2025 Assessment Area, are not included in the District Improvements that are subject to this Agreement. Instead, Series 2025 Project improvements relating to HR Phase 1 will be subject to a separate acquisition agreement by and between the District and Landsea Homes of Florida LLC. as detailed in the Master Engineer’s Report, dated March 20, 2024 (as amended and/or supplemented from time to time, “Engineer’s Report”), and attached to this Agreement as Exhibit A, which include the Series 2025 Project improvements relating to HR Phase 2 (“District Improvements”); and WHEREAS, the anticipated costs of the District Improvements are identified in the Engineer’s Report (“Project Costs”); and WHEREAS, the District does not have sufficient monies on hand to allow the District to contract directly for the preparation of the necessary surveys, reports, drawings, plans, permits, specifications, and related third-party development documents which would allow the timely commencement and completion of construction of the District Improvements (“Work Product”); and WHEREAS, the District will not have sufficient monies to proceed with either the preparation of the Work Product or the commencement of construction of the District Improvements described in Exhibit A until such time as the District has closed on the sale of its proposed Capital Improvement Revenue Bonds, in one or more series (“Bonds”), the proceeds of which will be utilized as payment for the Work Product and the District Improvements contemplated by this Agreement; and WHEREAS, in order to avoid a delay in the commencement of the construction of the District Improvements, which delay would also delay the Master Landowner from implementing its planned development program, the Master Landowner will advance, fund, commence, and complete and/or cause third parties to commence and complete certain work to enable the District to expeditiously provide the infrastructure; and WHEREAS, as of each Acquisition Date (as hereinafter defined), the Master Landowner desires to convey, or assign as applicable, to the extent permitted, and the District desires to acquire, or take assignment of as applicable, the Work Product, the District Improvements, and the real property sufficient to allow the District to own, operate, maintain, construct, or install the District Improvements described in Exhibit A, if any such conveyances are appropriate (“Real Property”), upon the terms and conditions contained herein; and WHEREAS, the District and the Master Landowner are entering into this Agreement to ensure the timely provision of the District Improvements and completion of the Development. NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the Master Landowner agree as follows: 1. INCORPORATION OF RECITALS. The recitals stated above are true and correct and by this reference are incorporated as a material part of this Agreement. 2. ACQUISITION DATE. The Parties agree to cooperate and use good faith and best efforts to undertake and complete the acquisition process contemplated by this Agreement on such date or dates as the Parties may jointly agree upon (each an “Acquisition Date”), but all must be no later than the end of a reasonable time period for acquisition considering the type of Work Product, Real Property and District Improvements to be conveyed, or such other time period required to maintain the tax-exempt status of the Bonds as determined by an opinion of the District’s bond counsel. The Parties agree that separate or multiple Acquisition Dates may be established for any portion of the acquisitions contemplated by this Agreement. 3. ASSIGNMENT OF CONTRACTS. The District may accept the assignment of certain contracts (“Construction Contracts”). Such acceptance is predicated upon meeting the District’s requirements, including but not limited to: (i) each contractor providing a bond in the form and manner required by Section 255.05, F.S., or the Master Landowner providing adequate alternative security in compliance with Section 255.05, F.S., if required, (ii) receipt by the District of a release from each general contractor acknowledging each assignment and the validity thereof, acknowledging the furnishing of the bond or other security required by Section 255.05, F.S., if any, and waiving any and all claims against the District arising as a result of or connected with such assignment of Construction Contracts. The Master Landowner hereby indemnifies and holds the District harmless from any claims, demands, liabilities, judgments, costs, or other actions which may be brought against or imposed upon the District by any contractors, subcontractors, sub-subcontractors, materialmen, and others providing labor or services in conjunction with each such contract and including claims by members of the public, in each case only as such claims relate to the period of time prior to the District’s acceptance of the assignment of Construction Contracts. 4. ACQUISITION OF WORK PRODUCT. Subject to any applicable legal requirements (e.g., but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District agrees to pay the actual reasonable cost incurred by the Master Landowner in preparation of the Work Product in accordance with the provisions of this Agreement. The Master Landowner shall provide copies of any and all invoices, bills, receipts, or other evidence of costs incurred by the Master Landowner for the Work Product acquired with proceeds from the Bonds. The District Engineer shall review all evidence of cost and shall certify to the District’s Board of Supervisors (“Board”) the total actual amount of cost, which in the District Engineer’s sole opinion, is reasonable for the Work Product. The District Engineer’s opinion as to cost shall be set forth in an Engineer’s Certificate which shall accompany the requisition for the funds from the District’s trustee for the Bonds (“Trustee”). In the event that the Master Landowner disputes the District Engineer’s opinion as to cost, the District and the Master Landowner agree to use good faith efforts to resolve such dispute. If the Parties are unable to resolve any such dispute, the Parties agree to jointly select a third-party engineer whose decision as to any such dispute shall be binding upon the Parties. Such a decision by a third-party engineer shall be set forth in an Engineer’s Affidavit which shall accompany the requisition for Bond funds from the Trustee. The foregoing engineering review and certification process shall hereinafter be referred to as the “Review Process.” The Parties acknowledge that the Work Product is being acquired for use by the District in connection with the construction of the District Improvements. A. The Master Landowner agrees to convey to the District any and all of its right, title and interest in the Work Product (except as otherwise provided for in this Agreement) upon payment of the sums determined to be reasonable by the District Engineer, or a third-party engineer selected pursuant to this Section, or prior to payment of such as provided for herein, and approved by the Board pursuant to and as set forth in this Agreement. B. Except as otherwise provided for in this Agreement, the Master Landowner agrees to release, or assign as applicable, to the District all transferrable right, title, and interest which the Master Landowner may have in and to the above described Work Product, as well as all common law, statutory, and other reserved rights of Master Landowner in and to the Work Product, including any and all copyrights in the Work Product and extensions and renewals thereof under United States law and throughout the world, and all publication rights and all subsidiary rights and other rights in and to the Work Product in all forms, mediums, and media, now known or hereinafter devised if owned by Master Landowner. To the extent determined necessary by the District, the Master Landowner shall use good faith efforts to obtain all releases from any professional providing services in connection with the Work Product acquired with the proceeds of the Bonds to enable the District to use and rely upon the Work Product. Such releases may include, but are not limited to, any architectural, engineering, or other professional services. C. Notwithstanding anything to the contrary contained herein: (i) the Master Landowner’s conveyance or assignment of the Work Product is made without representation or warranty whatsoever, and the Master Landowner shall not be held liable for the Work Product or any defect therein and (ii) the Master Landowner reserves a license to use the Work Product as set forth below, including reliance upon and enforcement thereof. The District agrees to seek recovery for any loss with respect to the Work Product from any person or entity who created the Work Product or who has provided an applicable warranty that has been assigned to the District pursuant to Section 4.D. of this Agreement. D. The Master Landowner agrees to provide or cause to be provided to the District, either by assignment or directly from such third parties as may be necessary and desirable to the mutual satisfaction of the Parties hereto, any transferable warranty for the person or entity who created the Work Product which is in favor of the Master Landowner that the Work Product is fit for the purposes to which it will be put by the District, as contemplated by the Engineer’s Report. E. The District hereby grants to the Master Landowner, and the Master Landowner hereby reserves, access to and the right to use the Work Product, without the payment of any fee by the Master Landowner. However, to the extent the Master Landowner’s access to and use of the Work Product causes the District to incur any de minimus cost, such as copying costs, the Master Landowner agrees to pay such cost or expense. 5. ACQUISITION OF DISTRICT IMPROVEMENTS. Subject to any applicable legal requirements (e.g., including, but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District agrees to acquire completed District Improvements. When a portion of the District Improvements are completed and ready for conveyance by the Master Landowner to the District, the Master Landowner shall notify the District in writing, describing the nature of the improvement, its general location, and its estimated cost. The Master Landowner agrees to provide, at or prior to each Acquisition Date, the following: (i) documentation of actual costs paid, (ii) instruments of conveyance such as special warranty bills of sale or such other instruments necessary to convey such portion of the District Improvements as may be reasonably requested by the District in accordance (but not in conflict) with this Agreement, and (iii) any other reasonable releases or documentation as may be reasonably requested by the District or the Master Landowner in accordance (but not in conflict) with this Agreement. Any real property interests necessary for the functioning of the District Improvements to be acquired under this paragraph shall be reviewed and conveyed in accordance with the provisions of Section 6. The District Engineer in consultation with counsel and the Master Landowner shall determine in writing whether or not the infrastructure to be conveyed is a part of the District Improvements contemplated by the Engineer’s Report, and if so, shall provide the Master Landowner with a list of items necessary to complete the acquisition. Each such acquisition shall also be subject to the Review Process described in Section 4 above. The District’s Manager (“District Manager”) shall determine, in writing, whether the District has, based on the Master Landowner’s estimate of cost, sufficient unencumbered funds to acquire the improvement. A. All documentation of any acquisition (e.g., bills of sale, receipts, maintenance bonds, as-builts, evidence of costs, deeds or easements, etc.) shall be to the reasonable satisfaction of the District. If any item acquired is to be conveyed to a third-party governmental body, then the Master Landowner agrees to cooperate and provide such certifications or documents as may reasonably be required by that governmental body, if any. B. The District Engineer shall certify as to the actual cost of any District Improvement. Subject to any applicable legal requirements (e.g., but not limited to, those laws governing the use of proceeds from tax exempt bonds), the availability of proceeds from the Bonds, and the requirements of this Agreement, the District shall pay no more than the actual cost incurred, as determined by the District Engineer. C. The Master Landowner agrees to cooperate fully in the transfer of any permits to the District or any governmental entity with maintenance obligations for any District Improvements conveyed pursuant to this Agreement. 6. CONVEYANCE OF REAL PROPERTY. A. Conveyance. The Master Landowner agrees that it will convey, or cause to be conveyed, to the District, at or prior to each Acquisition Date as reasonably determined by the District and the Master Landowner, by a special warranty deed (or, if less than a fee estate, by easement or other instrument) reasonably acceptable to the Board together with a metes and bounds or other description, the lands (or less interest therein) upon which the District Improvements are constructed or which are necessary for the operation and maintenance of, and access to the District Improvements. The Parties agree that all Real Property shall be provided to the District at no cost unless the costs for the Real Property are expressly included as part of the Project Costs. The District may determine in its reasonable discretion that fee title is not necessary and in such cases shall accept such other interest in the lands upon which the District Improvements are constructed as the District deems acceptable. Such special warranty deed (or, if less than fee estate, other instrument) shall be subject to a reservation by the Master Landowner of its right and privilege to use the area conveyed and/or grant to third parties the right to construct the District Improvements and any future improvements to such area for any related purposes (including, but not limited to, construction traffic relating to the construction of HR Phase 2) not inconsistent with the District’s use, occupation or enjoyment thereof. The Master Landowner shall pay all required closing costs (i.e., documentary stamps) if any, for the conveyance of the lands upon which the District Improvements are constructed. The Master Landowner shall be responsible for all taxes and assessments levied on the lands upon which the District Improvements are constructed until such time as the Master Landowner conveys all said lands to the District. At the time of conveyance, and if desired by the District, the Master Landowner shall provide, at its expense, an owner’s title insurance policy or obtain an opinion of title in a form satisfactory to the District. B. Boundary or Other Adjustments. The Master Landowner and the District agree that reasonable future boundary adjustments may be made as deemed necessary by both Parties in order to accurately describe lands conveyed to the District and lands which remain in the Master Landowner’s ownership. The Parties agree that any land transfers made to accommodate such adjustments shall be accomplished by donation. However, the Party requesting such adjustment shall pay any third-party transaction costs resulting from the adjustment, including but not limited to taxes, title insurance, recording fees or other third-party transfer costs. 7. TAXES, ASSESSMENTS, AND COSTS. A. Taxes, assessments and costs resulting from Agreement. The Master Landowner agrees to indemnify the District from and make payment for any and all taxes (ad valorem, personal property, intangibles, or otherwise) or non-ad valorem assessments, which may be imposed upon the District, or which the District is legally obligated to pay, as a result of the Parties entering into this Agreement, if any, whether such taxes or assessments are imposed upon the District’s property or property interest, or the Master Landowner’s property or property interest. As to any parcel of Real Property conveyed by the Master Landowner pursuant to this Agreement, the potential obligations of the Master Landowner to pay such taxes and assessments that may be incurred as a result of the Parties entering into this Agreement shall terminate one (1) year after conveyance of such parcel of Real Property. Notwithstanding the foregoing, the Parties represent to each other that they are not aware of any such taxes or assessments imposed upon the District as of the Effective Date of this Agreement. B. Taxes and assessments on property being acquired. The District is an exempt governmental unit acquiring property pursuant to this Agreement for use exclusively for public purposes. Accordingly, in accordance with Florida law, the Master Landowner agrees to reserve an amount equal to the current ad valorem taxes and non-ad valorem assessments (with the exception of those ad valorem taxes and non-ad valorem assessments levied by the District) prorated to the date of transfer of title, based upon the expected assessment and millage rates giving effect to the greatest discount available for early payment. 1. If and only to the extent the property acquired by the District is subject to ad valorem taxes or non-ad valorem assessments, the Master Landowner agrees to reimburse the District for payment, or pay on its behalf, the prorated portion of any and all ad valorem taxes and non-ad valorem assessments imposed during the calendar year in which each parcel of property is conveyed. For example, if the District acquires property in October 2025, the Master Landowner shall escrow the pro rata amount of taxes due for the tax bill payable in November 2025. If any additional taxes are imposed on the District’s property in 2025 for a period which property was owned by the Master Landowner, then the Master Landowner agrees to reimburse the District for that additional amount. 2. Nothing in this Agreement shall prevent the District from asserting any rights to challenge any taxes or assessments imposed, if any, on any property of the District. C. Notice. The Parties agree to provide notice to the other within ten (10) calendar days of receipt of any notice of potential or actual taxes, assessments, or costs, as a result of any transaction pursuant to this Agreement, or notice of any other taxes, assessments or costs imposed on the property acquired by the District as described in subsection B above. The Master Landowner covenants to make any payments due hereunder in a timely manner in accordance with Florida law. In the event that the Master Landowner fails to make timely payment of any such taxes or costs, the Master Landowner acknowledges the District’s right to make such payment. If the District makes such payment, the Master Landowner agrees to reimburse the District within thirty (30) calendar days of receiving notice of such payment, and to include in such reimbursement any fees, costs, penalties, or other expenses which accrued to the District as a result of making such a payment, including interest at the maximum rate allowed by law from the date of the payment made by the District. D. Tax liability not created. Nothing herein is intended to create or shall create any new or additional tax liability on behalf of the Master Landowner or the District. Furthermore, the Parties reserve all respective rights to challenge, pay under protest, contest or litigate the imposition of any tax, assessment, or cost in good faith they believe is unlawfully or inequitably imposed and agree to cooperate in good faith in the challenge of any such imposition. 8. ACQUISITION IN ADVANCE OF RECEIPT OF PROCEEDS. The District and the Master Landowner hereby agree that an acquisition pursuant to this Agreement (“Acquisition”) by the District may be completed prior to the District obtaining proceeds from Bonds. The District agrees to pursue the issuance of the Bonds in good faith; provided however, nothing herein shall cause or be construed to require the District to issue Bonds or other forms of indebtedness to provide funds for any unfunded Acquisition. In the event that the District issues Bonds and has Bond proceeds available to pay for any portion of the Acquisitions acquired by the District, and subject to the terms of the applicable documents relating to the Bonds, then the District shall promptly make payment for any such acquired Work Product, District Improvements or Real Property pursuant to the terms of this Agreement; provided, however, that no such obligation shall exist where the Master Landowner is in default on the payment of any debt service assessments due on any property owned by the Master Landowner, or, further, in the event the District’s bond counsel determines that any such Acquisitions are not properly compensable for any reason, including, but not limited to federal tax restrictions imposed on tax-exempt financing, the District shall not be obligated to make payment for such Acquisitions. Interest shall not accrue on the amounts owed for any prior Acquisitions. In the event the District does not or cannot issue the sufficient Bonds within six (6) years from the Effective Date of this Agreement to pay for all Acquisitions hereunder and, thus, does not make payment to the Master Landowner for any unfunded Acquisitions, then the Parties agree that the District shall have no reimbursement obligation whatsoever for those unfunded Acquisitions except as otherwise designated in writing by the District as Unpaid Requisitions pursuant to, and as defined in, the applicable Supplemental Trust Indenture. The Master Landowner acknowledges that the District may convey some or all of the District Improvements, Work Product, or Real Property described in the Engineer’s Report to a general purpose unit of local government or certain utility providers and consents to such conveyance(s) prior to payment being made to the Master Landowner for any prior Acquisitions. 9. DEFAULT. A default by either Party under this Agreement, which continues for a period of thirty (30) days after notice of such default, shall entitle the other Party to all remedies available at law or in equity, which may include, but not be limited to, the right of actual damages and/or, if applicable, specific performance. 10. ENFORCEMENT OF AGREEMENT. In the event that either of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the Parties agree that the prevailing Party shall be entitled to recover from the other Party, in addition to all other relief granted or awarded, all fees and costs incurred, including reasonable attorneys’ fees and costs for trial, alternative dispute resolution, appellate proceedings and post-judgment collection proceedings. 11. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and the Master Landowner relating to the subject matter of this Agreement. 12. AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by all Parties hereto. 13. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the Master Landowner. The District and the Master Landowner have complied with all the requirements of law. The District and the Master Landowner have full power and authority to comply with the terms and provisions of this Agreement. 14. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the Parties, as follows: A. If to the Master Landowner: TLC Hodges Reserve, LLC 605 Commonwealth Avenue Orlando, Florida 32803 Attn: Andrew Orosz B. If to District: Dewey Robbins Community Development District 219 East Livingston Street Orlando, Florida 32801 Attn: District Manager With a copy to: Kutak Rock LLP 107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Master Landowner may deliver Notice on behalf of the District and the Master Landowner. Any Parties or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth in this Agreement. 15. ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the Master Landowner as an arm’s length transaction. All Parties participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any Party hereto. 16. THIRD-PARTY BENEFICIARIES. Except as provided in this Agreement, this Agreement is solely for the benefit of the District and the Master Landowner and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third-party not a formal Party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the District and the Master Landowner any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the Master Landowner and their respective representatives, successors, and assigns. 17. ASSIGNMENT; RESERVATION OF RIGHT TO ASSIGN PAYMENT. This Agreement may be assigned, in whole or in part, by either Party only upon the written consent of the other, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, the Master Landowner may assign its right to payment hereunder from Bond proceeds for the Acquisitions acquired by the District pursuant to this Agreement without further consent of the Parties hereto. 18. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Each Party consents that the venue for any litigation arising out of or related to this Agreement shall be in Lake County, Florida. 19. [RESERVED] 20. TERMINATION. This Agreement may be terminated by the District or the Master Landowner without penalty in the event that the District does not issue its proposed Bonds. 21. PUBLIC RECORDS. The Master Landowner understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and will be treated as such in accordance with Florida law. 22. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable. 23. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third-party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. 24. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement. 25. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document. [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK.] IN WITNESS WHEREOF, the Parties hereto have executed this Agreement to be effective as of the Effective Date. Attest: DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT ____________________________ By: ____________________________ Secretary/Assistant Secretary Name: Anthony Iorio Its: Chairman TLC HODGES RESERVE, LLC, a Florida limited liability company ___________________________ By: __________________________ Witness Name: Andrew J. Orosz Its: Authorized Representative Exhibit A: Engineer’s Report Exhibit A Engineer’s Report This instrument was prepared by and upon recording should be returned to: Sarah R Sandy, Esq. KUTAK ROCK LLP 107 West College Avenue Tallahassee, Florida 32301 DECLARATION OF CONSENT TO JURISDICTION OF DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT AND TO IMPOSITION OF DEBT SPECIAL ASSESSMENTS (Series 2025 Assessments – HR Phase 1) The undersigned, being a duly authorized representative of MVP Development California, LLC, a California limited liability company (the “Landowner”), whose address is 801 San Ramon Valley Boulevard, Suite F, Danville, California 94526, as the owner of those lands described in Exhibit A attached hereto (the “Property”) located within the boundaries of the Dewey Robbins Community Development District (the “District”), intends that it and its respective successors in interest and assigns shall be legally bound by this Declaration, hereby declares, acknowledges and agrees (“Declaration”) as follows: 1. The District is, and has been at all times, on and after March 11, 2024, a legally created, duly organized, and validly existing community development district under the provisions of Chapter 190, Florida Statutes, as amended (the “Act”). Without limiting the generality of the foregoing, the Landowner acknowledges that: (a) the petition filed with the City Commission of the City of Leesburg, Florida (the “City Commission”), relating to the creation of the District contained all matters required by the Act to be contained therein and was filed in the manner and by the persons required by the Act; (b) Ordinance No. 24-14, effective as of March 11, 2024, was duly and properly adopted by the City Commission in compliance with all applicable requirements of law; and (c) the members of the Board of Supervisors of the District (“Board”) were, and continue to be, duly and properly designated pursuant to the Act to serve in their capacities and had the authority and right to authorize, approve, and undertake all actions of the District approved and undertaken from March 11, 2024, to and including the date of this Declaration. 2. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby confirms and agrees, that the debt special assessments (the “Series 2025 Assessments”) imposed pursuant to Resolution Nos. 2024-25 and 2024-26 duly adopted by the Board on March 20, 2024, Resolution No. 2024- 30 duly adopted by the Board on May 22, 2024, and Resolution No. 2025-02 duly adopted by the Board on March 26, 2025 (collectively, the “Assessment Resolutions”), and all proceedings undertaken by the District with respect thereto have been in accordance with applicable Florida law, that the District has taken all action necessary to levy and impose the Series 2025 Assessments, and the Series 2025 Assessments are legal, valid and binding first liens upon the Property co-equal with the lien of all state, county, district, and municipal taxes, and superior in dignity to all other liens, titles and claims, until paid. Landowner hereby waives and relinquishes any rights it may have to challenge, object to or otherwise fail to pay such Series 2025 Assessments. Landowner agrees and covenants to timely pay all such Series 2025 Assessments levied and imposed by the District pursuant to the Assessment Resolutions on assessable acres owned by Landowner, whether the Series 2025 Assessments are collected by the Tax Collector pursuant to Section 197.3632, Florida Statutes, directly by the District, or by any other method allowable by law. Landowner further agrees that to the extent Landowner fails to timely pay all Series 2025 Assessments on assessable acres owned by Landowner collected by mailed notice of the District, said unpaid Series 2025 Assessments (including true-up payments, if any) may be placed on the tax roll by the District for collection by the Tax Collector pursuant to Section 197.3632, Florida Statutes, in any subsequent year or may be foreclosed on as provided for in Florida law. 3. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby waives the right granted in Chapter 170.09, Florida Statutes, to prepay the Series 2025 Assessments without interest within thirty (30) days after the improvements are completed in consideration of, among other things, rights granted by the District to prepay Series 2025 Assessments in full any time or in part one time, but with interest, under the circumstances set forth in the Assessment Resolutions. 4. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby expressly acknowledges, represents and agrees that (i) the Property specially benefits from the entirety of the improvements provided in the Series 2025 Project (as such term is defined in the Assessment Resolutions); (ii) the Series 2025 Assessments (including any true-up payments), the Assessment Resolutions, and the terms of the financing documents related to the District’s issuance of its Dewey Robbins Community Development District Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area), or securing payment thereof (the “Financing Documents”) are valid and binding obligations enforceable in accordance with their terms; (iii) the Landowner received timely notice of any public hearing(s) where the Assessments were levied and imposed (and/or timely was aware of any such public hearings), agrees notice of such public hearing(s) was given by publication and by mail in accordance with Florida Statutes, waives any claims, offsets, defenses or counterclaims relating to whether the District complied with any applicable statutory notice requirements relating to the Series 2025 Assessments, and acknowledges Chapter 170, Florida Statutes, provides failure to mail notice of such public hearing(s) shall not invalidate the Series 2025 Assessments proceedings; (iii) the Landowner has no claims or offsets whatsoever against, or defenses or counterclaims whatsoever to, payments of the Series 2025 Assessments (including true-up payments, if any) or claims of invalidity, deficiency or unenforceability of the Series 2025 Assessments, the Assessment Resolutions, and the Financing Documents (and the Landowner hereby expressly waives any such claims, offsets, defenses or counterclaims); and (iv) the Landowner, on behalf of itself and its heirs, successors and assigns, expressly waives and relinquishes any argument, claim or defense that foreclosure proceedings cannot be commenced until one (1) year after the date of the Landowner’s default and agrees that, immediate use of remedies in Chapter 170, Florida Statutes, is an appropriate and available remedy, notwithstanding the provisions of Section 190.026, Florida Statutes. 5. Landowner agrees that the provisions of this Declaration shall constitute a covenant running with the title to the Property and shall remain in full force and effect and be binding upon Landowner, its legal representatives, estates, successors, grantees, and assigns. 6. This Declaration shall represent a lien of record for purposes of Chapter 197, Florida Statutes, including, without limitation, Sections 197.552 and 197.573, Florida Statutes. This Declaration shall remain effective upon the merger, amendment, or name change of the District. Other information regarding the Series 2025 Assessments is available from the District Manager at Governmental Management Services – Central Florida, 219 E. Livingston Street, Orlando, Florida 32801. THE DECLARATIONS, ACKNOWLEDGEMENTS AND AGREEMENTS CONTAINED HEREIN SHALL RUN WITH THE LAND DESCRIBED IN EXHIBIT A HERETO AND SHALL BE BINDING ON THE LANDOWNER AND ON ALL PERSONS (INCLUDING CORPORATIONS, ASSOCIATIONS, TRUSTS, AND OTHER LEGAL ENTITIES) TAKING TITLE TO ALL OR ANY PART OF THE LAND, AND THEIR SUCCESSORS IN INTEREST, WHETHER OR NOT THE LAND IS PLATTED AT SUCH TIME. BY TAKING SUCH TITLE, SUCH PERSONS SHALL BE DEEMED TO HAVE CONSENTED AND AGREED TO THE PROVISIONS OF THIS DECLARATION TO THE SAME EXTENT AS IF THEY HAD EXECUTED IT AND BY TAKING SUCH TITLE, SUCH PERSONS SHALL BE ESTOPPED FROM CONTESTING, IN COURT OR OTHERWISE, THE VALIDITY, LEGALITY AND ENFORCEABILITY OF THIS DECLARATION. [remainder of this page intentionally left blank] IN WITNESS WHEREOF, this Declaration has been executed to be effective as of March 28, 2025, and recorded in the Public Records of Lake County, Florida. WITNESS By: Name: Address: _________________________________ By: Name: Address: _________________________ _________________________________ MVP DEVELOPMENT CALIFORNIA, LLC, a California limited liability company By: Name: Jocelyn Jackson Its: Chief Financial Officer STATE OF _______________ COUNTY OF _____________ The foregoing instrument was acknowledged before me by means of . physical presence or . online notarization, this ____ day of ______________ 2025, Jocelyn Jackson as Chief Financial Officer of MVP Development California, LLC, a California limited liability company, who is personally known to me or has produced __________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF _____________ Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) EXHIBIT A HODGES RESERVE PHASE 1 Lots 1 thru 163, inclusively, HODGES RESERVE PHASE 1, according in the Plat thereof, as recorded in the Public Records of Lake County, Florida, at Plat Book 84, Pages 93-98. This instrument was prepared by and upon recording should be returned to: Sarah R. Sandy, Esq. KUTAK ROCK LLP 107 West College Avenue Tallahassee, Florida 32301 DECLARATION OF CONSENT TO JURISDICTION OF DEWEY ROBBINS COMMUNITY DEVELOPMENT DISTRICT AND TO IMPOSITION OF DEBT SPECIAL ASSESSMENTS (Series 2025 Assessments – HR Phase 2) The undersigned, being a duly authorized representative of TLC Hodges Reserve, LLC, a Florida limited liability company (the “Landowner”), whose address is 605 Commonwealth Avenue, Orlando, Florida 32803 ,as the owner of those lands described in Exhibit A attached hereto (the “Property”) located within the boundaries of the Dewey Robbins Community Development District (the “District”), intends that it and its respective successors in interest and assigns shall be legally bound by this Declaration, hereby declares, acknowledges and agrees (“Declaration”) as follows: 1. The District is, and has been at all times, on and after March 11, 2024, a legally created, duly organized, and validly existing community development district under the provisions of Chapter 190, Florida Statutes, as amended (the “Act”). Without limiting the generality of the foregoing, the Landowner acknowledges that: (a) the petition filed with the City Commission of the City of Leesburg, Florida (the “City Commission”), relating to the creation of the District contained all matters required by the Act to be contained therein and was filed in the manner and by the persons required by the Act; (b) Ordinance No. 24-14, effective as of March 11, 2024, was duly and properly adopted by the City Commission in compliance with all applicable requirements of law; and (c) the members of the Board of Supervisors of the District (“Board”) were, and continue to be, duly and properly designated pursuant to the Act to serve in their capacities and had the authority and right to authorize, approve, and undertake all actions of the District approved and undertaken from March 11, 2024, to and including the date of this Declaration. 2. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby confirms and agrees, that the debt special assessments (the “Series 2025 Assessments”) imposed pursuant to Resolution Nos. 2024-25 and 2024-26 duly adopted by the Board on March 20, 2024, Resolution No. 2024- 30 duly adopted by the Board on May 22, 2024, and Resolution No. 2025-02 duly adopted by the Board on March 26, 2025 (collectively, the “Assessment Resolutions”), and all proceedings undertaken by the District with respect thereto have been in accordance with applicable Florida law, that the District has taken all action necessary to levy and impose the Series 2025 Assessments, and the Series 2025 Assessments are legal, valid and binding first liens upon the Property co-equal with the lien of all state, county, district, and municipal taxes, and superior in dignity to all other liens, titles and claims, until paid. 3. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby waives the right granted in Chapter 170.09, Florida Statutes, to prepay the Series 2025 Assessments without interest within thirty (30) days after the improvements are completed in consideration of, among other things, rights granted by the District to prepay Series 2025 Assessments in full any time or in part one time, but with interest, under the circumstances set forth in the Assessment Resolutions. 4. The Landowner, on behalf of itself and its heirs, successors and assigns, hereby expressly acknowledges, represents and agrees that (i) the Property specially benefits from the entirety of the improvements provided in the Series 2025 Project (as such term is defined in the Assessment Resolutions); (ii) the Series 2025 Assessments, the Assessment Resolutions, and the terms of the financing documents related to the District’s issuance of its Dewey Robbins Community Development District Capital Improvement Revenue Bonds, Series 2025 (2025 Assessment Area), or securing payment thereof (the “Financing Documents”) are valid and binding obligations enforceable in accordance with their terms; (iii) the Landowner has no claims or offsets whatsoever against, or defenses or counterclaims whatsoever to, payments of the Series 2025 Assessments or claims of invalidity, deficiency or unenforceability of the Series 2025 Assessments, the Assessment Resolutions, and the Financing Documents (and the Landowner hereby expressly waives any such claims, offsets, defenses or counterclaims); and (iv) the Landowner, on behalf of itself and its heirs, successors and assigns, expressly waives and relinquishes any argument, claim or defense that foreclosure proceedings cannot be commenced until one (1) year after the date of the Landowner’s default and agrees that, immediate use of remedies in Chapter 170, Florida Statutes, is an appropriate and available remedy, notwithstanding the provisions of Section 190.026, Florida Statutes. 5. This Declaration shall represent a lien of record for purposes of Chapter 197, Florida Statutes, including, without limitation, Sections 197.552 and 197.573, Florida Statutes. This Declaration shall remain effective upon the merger, amendment, or name change of the District. Other information regarding the Series 2025 Assessments is available from the District Manager at Governmental Management Services – Central Florida, 219 E. Livingston Street, Orlando, Florida 32801. THE DECLARATIONS, ACKNOWLEDGEMENTS AND AGREEMENTS CONTAINED HEREIN SHALL RUN WITH THE LAND DESCRIBED IN EXHIBIT A HERETO AND SHALL BE BINDING ON THE LANDOWNER AND ON ALL PERSONS (INCLUDING CORPORATIONS, ASSOCIATIONS, TRUSTS, AND OTHER LEGAL ENTITIES) TAKING TITLE TO ALL OR ANY PART OF THE LAND, AND THEIR SUCCESSORS IN INTEREST, WHETHER OR NOT THE LAND IS PLATTED AT SUCH TIME. BY TAKING SUCH TITLE, SUCH PERSONS SHALL BE DEEMED TO HAVE CONSENTED AND AGREED TO THE PROVISIONS OF THIS DECLARATION TO THE SAME EXTENT AS IF THEY HAD EXECUTED IT AND BY TAKING SUCH TITLE, SUCH PERSONS SHALL BE ESTOPPED FROM CONTESTING, IN COURT OR OTHERWISE, THE VALIDITY, LEGALITY AND ENFORCEABILITY OF THIS DECLARATION. [remainder of this page intentionally left blank] IN WITNESS WHEREOF, this Declaration has been executed to be effective as of March 28, 2025, and recorded in the Public Records of Lake County, Florida. WITNESSES: _______________________________________ Print Name: _____________________________ Address: ________________________________ ________________________________________ ________________________________________ Print Name: ______________________________ Address: _________________________________ _________________________________________ TLC HODGES RESERVE, LLC, a Florida limited liability company By: ____________________________________ Name: Andrew J. Orosz Its: Authorized Representative STATE OF FLORIDA COUNTY OF _____________ The foregoing instrument was acknowledged before me by means of . physical presence or . online notarization, this ____ day of ______________ 2025, by Andrew J. Orosz as an Authorized Representative of TLC Hodges Reserve, LLC, a Florida limited liability company, who is personally known to me or has produced __________________ as identification. (NOTARY SEAL) ____________________________________ NOTARY PUBLIC, STATE OF FLORIDA Name:_____________________________ (Name of Notary Public, Printed, Stamped or Typed as Commissioned) EXHIBIT A: Legal Description of the Property (Hodges Reserve Phase 2) A PARCEL OF LAND LYING IN SECTIONS 31 AND 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST, LAKE COUNTY, FLORIDA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF THE SOUTHEAST 1/4 OF SECTION 31, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN N 00°45'28" E ALONG THE EAST LINE OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, A DISTANCE OF 663.44 FEET TO THE NORTHEAST CORNER OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 31, ALSO BEING THE POINT OF BEGINNING; THENCE DEPARTING SAID EAST LINE, RUN N 89°27'21" W, A DISTANCE OF 519.69 FEET; THENCE N 00°00'00" E, A DISTANCE OF 146.59 FEET; THENCE S 90°00'00" E, A DISTANCE OF 18.44 FEET; THENCE N 00°00'00" E, A DISTANCE OF 50.00 FEET; THENCE S 90°00'00" E, A DISTANCE OF 100.00 FEET; THENCE N 00°00'00" E, A DISTANCE OF 282.31 FEET; THENCE N 49°53'09" W, A DISTANCE OF 198.17 FEET; THENCE N 90°00'00" W, A DISTANCE OF 565.94 FEET; THENCE NORTHERLY, 40.17 FEET ALONG THE ARC OF A NONTANGENT CURVE TO THE LEFT HAVING A RADIUS OF 275.00 FEET AND A CENTRAL ANGLE OF 08°22'13" (CHORD BEARING N 04°11'07" E, 40.14 FEET); THENCE N 00°00'00" E, A DISTANCE OF 59.97 FEET; THENCE NORTHEASTERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" E, 28.28 FEET); THENCE N 00°00'00" W, A DISTANCE OF 50.00 FEET; THENCE NORTHWESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING N 45°00'00" W, 28.28 FEET); THENCE N 00°00'00" E, A DISTANCE OF 85.45 FEET; THENCE NORTHERLY, 15.46 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CENTRAL ANGLE OF 11°48'44" (CHORD BEARING N 05°54'22" E, 15.43 FEET); THENCE N 90°00'00" E, A DISTANCE OF 651.01 FEET; THENCE S 63°47'29" E, A DISTANCE OF 71.27 FEET; THENCE S 38°09'10" E, A DISTANCE OF 35.62 FEET; THENCE S 49°53'09" E, A DISTANCE OF 80.00 FEET; THENCE S 49°53'08" E, A DISTANCE OF 117.41 FEET; THENCE S 49°53'10" E, A DISTANCE OF 63.12 FEET; THENCE S 40°29'51" E, A DISTANCE OF 23.86 FEET; THENCE S 32°18'21" E, A DISTANCE OF 67.66 FEET; THENCE S 12°32'55" E, A DISTANCE OF 67.66 FEET; THENCE S 01°03'23" E, A DISTANCE OF 22.83 FEET; THENCE N 27°14'19" E, A DISTANCE OF 68.99 FEET; THENCE N 60°19'45" E, A DISTANCE OF 101.14 FEET TO THE EAST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 31; THENCE ALONG SAID EAST LINE, RUN N 00°45'28" E, A DISTANCE OF 41.20 FEET TO THE SOUTHWEST CORNER OF THE NORTH 1/2 OF SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 20 SOUTH, RANGE 25 EAST; THENCE RUN S 89°33'32" E ALONG THE SOUTH LINE OF NORTH 1/2 OF SOUTHWEST 1/4 OF SAID SECTION 32, A DISTANCE OF 1276.29 FEET; THENCE DEPARTING SAID SOUTH LINE RUN S 30°26'32" W, A DISTANCE OF 396.29 FEET; THENCE S 59°33'28" E, A DISTANCE OF 22.35 FEET; THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 202.00 FEET; THENCE SOUTHERLY, 31.42 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 14°33'28" E, 28.28 FEET); THENCE S 30°26'32" W, A DISTANCE OF 50.00 FEET; THENCE WESTERLY, 31.42 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 20.00 FEET AND A CENTRAL ANGLE OF 90°00'00" (CHORD BEARING S 75°26'32" W, 28.28 FEET); THENCE N 59°33'28" W, A DISTANCE OF 50.00 FEET; THENCE S 30°26'32" W, A DISTANCE OF 100.50 FEET; THENCE N 59°33'28" W, A DISTANCE OF 92.24 FEET; THENCE WESTERLY, 183.04 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 344.50 FEET AND A CENTRAL ANGLE OF 30°26'32" (CHORD BEARING N 74°46'44" W, 180.89 FEET); THENCE N 90°00'00" W, A DISTANCE OF 359.41 FEET; THENCE N 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 50.00 FEET; THENCE S 00°00'00" W, A DISTANCE OF 100.00 FEET; THENCE N 90°00'00" W, A DISTANCE OF 120.00 FEET; THENCE S 38°47'07" W, A DISTANCE OF 40.44 FEET TO THE POINT OF BEGINNING. CONTAINING 27.939 ACRES, MORE OR LESS. MEMORANDUM To: District Managers From: Kutak Rock, LLP Date: December 20, 2024 Subject: SB 7040 Stormwater Ratification Bill O&M Requirements Effective, June 28, 2024, Senate Bill 7040, also known as the Florida Stormwater Ratification Bill, codified into law several significant changes to the Environment Resource Permit Handbook (the “Handbook”) promulgated by the Florida Department of Environmental Protection (“FDEP”). Among other things, these changes imposed several specific inspection and reporting requirements applicable to permanent operations and maintenance (“O&M”) entities, including special districts. To ensure compliance with these requirements, CDD Managers should forward this memorandum to their respective Boards of Supervisors and District Engineers, and otherwise take the necessary steps to budget for, plan, and implement the requirements. Changes to Application Process Relevant to New Reporting Requirements Pursuant to Section 12.3.5(a)(4) of the Handbook, an applicant must submit written cost estimates with supporting documentation to FDEP along with the financial capability certification required under 12.3.5(b). Section 12.3.5(b) states that, at the time of permit application, applicants for the O&M phase must submit Form 62-330.301(26), “Certification of Financial Capability for Perpetual Operations and Maintenance Entities.” In addition to the cost estimates, an applicant must submit a written O&M plan as part of the permitting process. Section 12.4.1(a) of the Handbook requires that this plan include the following items: • A list and details of all stormwater system components, including their location, type, and other pertinent information, such as normal pool elevation, volume, recovery time, and how the systems connect; • A list and description of each of the identified maintenance and inspection tasks for each of the system’s components and for the overall system (refer to Appendix O for procedures for BMPs); • All regular inspection and maintenance schedules; • Inspection checklists; • Copies of or references to the pertinent sections of all covenants, conditions, restrictions, and other association documents, permits, approvals, and agreements that govern the operation and maintenance of the stormwater management system; and • Permitted or as-built plans of the stormwater water management system. Kutak Rock LLP 107 West College Avenue, Tallahassee, FL 32301 Once the stormwater system is ready to be transferred to the District, the Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity must be submitted to FDEP along with the written cost estimates and O&M plan. After the transfer, the District must keep the cost estimates and O&M plan on file for purposes of maintaining compliance with Section 12.6(b). Changes to Inspection and Reporting Requirements Pursuant to Section 12.5(h) of the Handbook, an applicant may propose a project-specific minimum inspection frequency for a stormwater management system, with a maximum frequency of five years. If FDEP determines that an applicant’s proposed inspection frequency does not provide assurances that the stormwater management system in question will continue to function perpetually as designed and permitted, FDEP shall require frequencies as listed in table depicted below. TYPE OF SYSTEM INSPECTION FREQUENCY Dry Retention basins Once every 3 years Exfiltration trenches Once every 2 Years Underground retention Once every Year Sand or Media Filters Once every Year Underdrain System Once every 2 Years Underground vault/chambers Once every Year Pump Systems Twice every Year Swales (treatment) Once every 3 years Wet Detention systems Once every 3 years Wet Detention systems with littoral zones Once every 2 years Vegetated Natural Buffers Once every 5 years Manufactured Devices As manufacturer recommends in specifications, minimum once every year Dam Systems Once every Year All other Once every Year Pursuant to Section 12.6(b) of the Handbook, special districts responsible for stormwater management systems must submit an inspection report to FDEP within 30 days of the inspection’s completion. The inspection report must use Form 62-330.311(1) “Operation and Maintenance Inspection Certification,” and must be certified by a “qualified inspector.” As defined in Section 12.5(c), a qualified inspector is either a (1) registered professional, (2) a person whose inspection was overseen by a registered professional, or (3) a person who has completed training regarding certain relevant topics within the 5 years prior to the inspection. The inspection report submitted by the qualified inspector to FDEP must include the following: • Form 62-330.311(3) “Inspection Checklists;” • Updates to the operation and maintenance cost estimates submitted to FDEP, if any, as described in Section 12.3.5 of the Handbook; • Updates to the written O&M plan submitted to FDEP, if any, as described in Section 12.4.1 of the Handbook; and • Any monitoring reports requirement that may be required as a condition to a specific permit. Pursuant to Section 12.6(e), O&M entities shall continue to follow the inspection and reporting requirements contained in a permit issued under Part IV of Chapter 373, F.S. prior to June 28, 2024, unless the permittee obtains a modification using the procedures in Rule 62- 330.315, F.A.C., to comply with the inspection and reporting requirements of Rule 62- 330.311, F.A.C., and Section 12.6. All forms referenced in the foregoing are provided at the following link: https://floridadep.gov/water/engineering-hydrology-geology/content/erp-stormwater-resourcecenter 2025 Community Development Rate Schedule Professionals include educated and/or trained Engineers, Economists, Planners, Designers, Landscape Architects, Surveyors, Environmental Specialists, Archaologists, Scientists, and others. Changes in hourly rates to reflect increases in cost of living, taxes, benefits, etc. will take effect on January 1, 2026. Rates in the below table are "loaded" hourly rates and include all overhead, costs, and benefits per hourly unit rate. Labor Classification Labor Rate Expert Witness $375.00 CSG Director 3 $360.00 CSG Senior Director 2 $325.00 CSG Senior Director 1 $305.00 CSG Director 2 $275.00 CSG Director 1 $240.00 CSG Senior Manager 2 $215.00 CSG Senior Manager 1 $195.00 CSG Manager $180.00 CSG Assistant Manager $170.00 CSG Senior Professional 2 $160.00 CSG Senior Professional 1 $150.00 CSG Professional 1 $130.00 CSG Senior Project Technician $120.00 CSG Project Technician 2 $115.00 CSG Project Technician 1 $105.00 CSG Technician 1 $85.00 Principal $375.00 Technical/Professional 31 $365.00 Technical/Professional 30 $350.00 Technical/Professional 29 $345.00 Technical/Professional 28 $335.00 Technical/Professional 27 $320.00 Technical/Professional 26 $300.00 Technical/Professional 25 $290.00 Technical/Professional 24 $275.00 Technical/Professional 23 $265.00 Technical/Professional 22 $255.00 Technical/Professional 21 $245.00 Technical/Professional 20 $235.00 Technical/Professional 19 $225.00 Technical/Professional 18 $215.00 Technical/Professional 17 $210.00 Technical/Professional 16 $200.00 Technical/Professional 15 $190.00 Technical/Professional 14 $180.00 Technical/Professional 13 $170.00 Technical/Professional 12 $160.00 Technical/Professional 11 $150.00 Technical/Professional 10 $145.00 Technical/Professional 09 $135.00 Technical/Professional 08 $130.00 Technical/Professional 07 $120.00 Technical/Professional 06 $115.00 Technical/Professional 05 $110.00 Technical/Professional 04 $105.00 Technical/Professional 03 $100.00 Technical/Professional 02 $95.00 Technical/Professional 01 $90.00 Technical/Support 2 $85.00 Technical/Support 1 $80.00 © 2024 GAI Consultants, Inc. 2025100