Horse Trials
Community Development District
District Office: 3501 Quadrangle Boulevard, Suite 270, FL 32817; 407-723-5900

The following is the proposed agenda for the special meeting of the Auditor Selection Committee and
Board of Supervisors for the Horse Trials Community Development District, scheduled to be held Monday, March 23, 2026, at 11:30 a.m. at 999 Vanderbilt Beach Road, Suite 507, Naples, FL 34108. Questions or comments on the Board Meeting or proposed agenda may be addressed to Lynne Mullins at mullinsl@pfm.com or (407) 723-5900. A quorum (consisting of at least three of the five Board Members) will be confirmed prior to the start of the Board Meeting.

Please use the following information to join the telephonic conferencing via Microsoft Teams:

Phone: +1 689-218-0591

Participant Code: 257 129 889#

BOARD OF SUPERVISORS MEETING AGENDA

Organizational Matters



1.
2.

Roll Call to Confirm Quorum
Public Comment Period
Consideration of the Meeting Minutes of the July 22, 2025, Auditor Selection Committee Meeting Consideration of the Meeting Minutes of the July 22, 2025, Board of Supervisors’ Meeting

Business Matters

3.
4.

Consideration of Appointment of Auditor Selection Committee
Consideration of Statement of Qualifications for the Position of District Engineer



Consideration of Professional Services Agreement with LJA Engineering

5.
6.

Consideration of Interlocal Agreement with Collier County Property Appraiser
Consideration of Resolution 2026-01, Approving a Preliminary Budget for Fiscal Year 2027 & Setting a Public Hearing
Consideration of Resolution 2026-02, Adopting Goals, Objectives, and Performance Measures and Standards for Fiscal Year 2026
Ratification of Funding Request Nos. 2 – 15 Consideration of Funding Request Nos. 16 – 17

7.

8.
9.

Ratification of Fiscal Year 2025 Goals, Objectives, and Performance Measures and Standards
Report
Review of District’s Financials and Budget to Actual YTD

Other Business
Staff Reports
District Counsel

If you are interested in obtaining any of the materials for the agenda, please reach out to Lynne Mullins at (407) 723-5935 or mullinsl@pfm.com.

Interim Engineer
District Manager
Supervisor Requests and Audience Comments

Adjourn

AUDITOR SELECTION COMMITTEE MEETING AGENDA




Roll Call to Confirm Quorum
Review and Approval of Audit Documents

o o
o

Audit RFP
Instructions to Proposers
Evaluation Criteria – with and without price



Adjournment

If you are interested in obtaining any of the materials for the agenda, please reach out to Lynne Mullins at (407) 723-5935 or mullinsl@pfm.com.

Horse Trials Community Development District

Meeting Minutes of the July 22, 2025, Auditor Selection Committee Meeting

HORSE TRIALS COMMUNITY DEVELOPMENT DISTRICT

MINUTES
AUDITOR SELECTION COMMITTEE MEETING

FIRST ORDER OF BUSINESS

Roll Call to Confirm a Quorum

The Auditor Selection Committee Meeting for the Horse Trials Community Development District was called to order on Tuesday, July 22, 2025, at 10:00 a.m. and was held at 999 Vanderbilt Beach Road, Suite 507, Naples, FL 34108.

Board Members listed below constituted a quorum.

Mason Rose Brandon Yarusi Manny Cordova Margaret Emblidge

Board Member Board Member Board Member Board Member

(via phone)

Also present were:

Lynne Mullins Kevin Plenzler Blake Firth Audrey Ryan
Johnathan Johnson Patrick Utter

PFM PFM PFM PFM
Kutak Rock Collier Enterprises

(via phone) (via phone) (via phone) (via phone) (via phone)

FIRST ORDER OF BUSINESS

Call to Order and Roll Call

Ms. Mullins called the meeting to order at 10:00 a.m. and confirmed quorum.

SECOND ORDER OF BUSINESS

Review and Approval of Audit Documents
Audit RFP Notice




Instructions to Proposers Evaluation Criteria – with and without price

Ms. Mullins gave an overview of the documents and recommended evaluation criteria with price.

The Board reviewed the audit documents.

THIRD ORDER OF BUSINESS

Adjournment

There were no further questions or comments.

Ms. Mullins requested a motion to adjourn.

Chair/Vice Chair

Secretary/Assistant Secretary

On MOTION by Ms. Emblidge, seconded by Mr. Rose, with all in favor, the July 22, 2025, Auditor Selection Committee Meeting for the Horse Trials Community Development District was adjourned.

On MOTION by Ms. Emblidge, seconded by Mr. Rose, with all in favor, the Board of the Horse Trials Community Development District approved the Audit Documents and Evaluation Criteria with price.

Horse Trials Community Development District

Meeting Minutes of the July 22, 2025, Board of Supervisors’ Meeting

HORSE TRIALS COMMUNITY DEVELOPMENT DISTRICT

MINUTES
BOARD OF SUPERVISORS’ MEETING

Organizational Matters

FIRST ORDER OF BUSINESS

Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Horse Trials Community Development District was called to order on Tuesday, July 22, 2025, at 10:01 a.m. and was held at 999 Vanderbilt Beach Road, Suite 507, Naples, FL 34108.

Board Members listed below constituted a quorum.

Mason Rose Brandon Yarusi Manny Cordova Margaret Emblidge

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

(via phone)

Also present were:

Lynne Mullins Kevin Plenzler Blake Firth Audrey Ryan
Johnathan Johnson Patrick Utter

PFM PFM PFM PFM
Kutak Rock Collier Enterprises

(via phone) (via phone) (via phone) (via phone) (via phone)

SECOND ORDER OF BUSINESS

Public Comment Period

There were no public comments at this time.

THIRD ORDER OF BUSINESS

Consideration of the Meeting Minutes of the May 6, 2025, Organization Meeting

The Board reviewed the minutes.

FOURTH ORDER OF BUSINESS

Consideration of the Meeting Minutes of the May 6, 2025, Landowners’ Election

The Board reviewed the minutes.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved the Minutes of the May 6, 2025, Organization Meeting.

SIXTH ORDER OF BUSINESS

Consideration of Resolution 2025-30, Election of Officers

Ms. Mullins reviewed the current slate of Officers and recommended adding Mr. Cordova as Assistant Secretary, and keeping all others the same.

SEVENTH ORDER OF BUSINESS

Consideration of Resolution 2025-31, Approving the FY 2025-2026 Annual Meeting Schedule

Ms. Mullins reviewed the annual meeting schedule. She noted meetings would take place at 11:30 a.m., at the same location, on the following dates:

December 3, 2025
March 4, 2026
June 3, 2026
September 2, 2026

EIGHTH ORDER OF BUSINESS

Business Matters

Consideration

of

PFM	Financial

Advisors LLC Agreement for Financial Advisory Services

Disclosure of Conflicts of Interest and Other Important Municipal Advisory Information

Ms. Mullins gave an overview of the agreement.

The Board reviewed the included disclosure and municipal advisory information.

2

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-31, Approving the FY 2025-2026 Annual Meeting Schedule.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-30, Election of Officers.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved the Minutes of the May 6, 2025, Landowners’ Election.

NINTH ORDER OF BUSINESS

Ratification of Interlocal Agreement to Provide Potable Water, Wastewater, and Irrigation Water Utility Services

TENTH ORDER OF BUSINESS

Public Hearing on the District’s Use of

the

Uniform	Method

of	Levying,

Collection

and

Enforcing

Non-Ad

Valorem Assessments

•

Public

Comments

and

Testimony

Board Comments
Consideration of Resolution 2025-32, Adopting the Uniform Method

Ms. Mullins noted the hearing was advertised per Florida Statues and called for a motion.

Ms. Mullins gave an overview of the resolution and noted the District will be using the Uniform Method of Collection.

There were no public comments at this time.

There were no Board comments at this time.

Ms. Mullins called for a motion.

3

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District closed the Public Hearing on the District’s Use of the Uniform Method of Levying, Collection, and Enforcing Non-Ad Valorem Assessments.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District opened the Public Hearing on the District’s Use of the Uniform Method of Levying, Collection, and Enforcing Non-Ad Valorem Assessments.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District ratified the Interlocal Agreement to Provide Potable Water, Wastewater, and Irrigation Water Utility Services.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved the PFM Financial Advisors LLC Agreement for Financial Advisory Services.

ELEVENTH ORDER OF BUSINESS

Public Hearing on the Adoption of the District’s Fiscal Year 2025 Budget
Fiscal Year 2025 Budget • Public Comments and Testimony
Board Comments
Consideration of Resolution 2025-33, Adopting Fiscal Year 2025 Budget and Appropriating Funds

Ms. Mullins noted the hearing was advertised per Florida Statues and called for a motion.

Ms. Mullins noted that the budget was an exhibit to the resolution and was the same overall budget that was previously approved.

There were no public comments at this time.

There were no Board comments at this time.

Ms. Mullins called for a motion.

TWELFTH ORDER OF BUSINESS

Public Hearing on the Adoption of the District’s Fiscal Year 2026 Budget
Fiscal Year 2025 Budget

•

Public

Comments

and

Testimony

Board Comments

4

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-33, Adopting Fiscal Year 2025 Budget and Appropriating Funds.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District closed the Public Hearing on the Adoption of the District’s Fiscal Year 2025 Budget.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District opened the Public Hearing on the Adoption of the District’s Fiscal Year 2025 Budget.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-32, Adopting the Uniform Method.

Consideration of Resolution 2025-34, Adopting Fiscal Year 2026 Budget and Appropriating Funds

Ms. Mullins noted the hearing was advertised per Florida Statues and called for a motion.

Ms. Mullins noted that the budget was an exhibit to the resolution and was the same overall budget that was previously approved.

There were no public comments at this time.

There were no Board comments at this time.

Ms. Mullins called for a motion.

THIRTEENTH ORDER OF BUSINESS

Consideration of the Fiscal Year 2026 Budget Funding Agreement

Ms. Mullins noted the agreement was with Collier Land Holdings, LTD and CDC Investment Properties, LLC to fund the Fiscal Year 2026 budget.

The Board reviewed the agreement.

FOURTEENTH ORDER OF BUSINESS

Public Hearing on the Adoption of District Rules of Procedure

5

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved the Fiscal Year 2026 Budget Funding Agreement.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-34, Adopting Fiscal Year 2026 Budget and Appropriating Funds.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District closed the Public Hearing on the Adoption of the District’s Fiscal Year 2026 Budget and Appropriating Funds.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District opened the Public Hearing on the Adoption of the District’s Fiscal Year 2026 Budget and Appropriating Funds.

Presentation of the Rules of Procedure

•

Public

Comments

and

Testimony

Board Comments
Consideration  of  Resolution

2025-35,
Procedure

Adopting	Rules

of

Ms. Mullins noted the hearing was advertised per Florida Statues and called for a motion.

Ms. Mullins noted the resolution is to adopt the Rules of Procedure, which under Chapter 190 of the Florida Statutes, provides the Board with the authority to adopt the rules prescribing the power and duties of District officers and to conduct District business. The rules are consistent with CDD statutory requirements and are standard rules recommended by District Counsel.

There were no public comments at this time.

There were no Board comments at this time.

Ms. Mullins called for a motion.

FIFTEENTH ORDER OF BUSINESS

Consideration of Funding Request No. 2

The Board reviewed the funding request.

Ms. Mullins noted this funding request was for District Management services.

6

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Funding Request No. 2.

ON MOTION by Mr. Rose, and second by Ms. Emblidge, with all in favor, the Board of Supervisors for the Horse Trials Community Development District approved Resolution 2025-35, Adopting Rules of Procedure.

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the Board of Supervisors for the Horse Trials Community Development District closed the Public Hearing on the Adoption of District Rules of Procedure.

ON MOTION by Ms. Emblidge, and second by Mr. Yarusi, with all in favor, the Board of Supervisors for the Horse Trials Community Development District opened the Public Hearing on the Adoption of District Rules of Procedure.

SIXTEENTH ORDER OF BUSINESS

Other Business

Staff Reports

District Counsel –

No report.

District Manager –

No report.

Interim Engineer –

No report.

SEVENTEENTH ORDER OF BUSINESS

Supervisors Requests and Audience Comments

Mr. Utter gave an update on the zoning documents, funding, and permitting. He is expecting to go to the Planning Commission in September and the County Commission in October. The utility agreement will go before the County Commission Board in August. He gave an overview of the agreement and the process of funding. He noted it will take about 2.5 years to have water and sewer at the site. The Water Management District permit is still being worked on. The Core permit is about a year from being completed.

There was brief discussion regarding the utility agreement. Mr. Utter noted he does not expect any issues.

There were no further comments at this time.

EIGHTEENTH ORDER OF BUSINESS

Adjournment

Ms. Mullins called for a motion.

Secretary/Assistant Secretary

Chairman/ Vice Chairman

7

ON MOTION by Ms. Emblidge, and second by Mr. Rose, with all in favor, the July 22, 2025, Board of Supervisors’ meeting for the Horse Trials Community Development District was adjourned.

Horse Trials Community Development District

Appointment of Auditor Selection Committee

Horse Trials Community Development District

Statement of Qualifications
for the Position of District Engineer

Horse Trials Community Development District

Professional Services Agreement with LJA Engineering

AGREEMENT FOR PROFESSIONAL ENGINEERING SERVICES

THIS AGREEMENT FOR PROFESSIONAL ENGINEERING SERVICES (the “Agreement”) is made and
entered into this 	 day of March, 2026, by and between:

Horse Trials Community Development District, a local unit of special-purpose
government established pursuant to Chapter 190, Florida Statutes, and located in Pasco County, Florida, with a mailing address of 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817 (the “District”); and

LJA Engineering, Inc., a Texas corporation, with a mailing address of 3600 W. Sam
Houston Parkway South, Houston, Texas 77042 (the “Engineer” and, together with the District, the “Parties”).

RECITALS

WHEREAS, the District is a local unit of special purpose government established pursuant
to the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Statutes; and

WHEREAS, the District is authorized to plan, acquire and/or maintain improvements,
facilities and services in conjunction with the development and maintenance of the lands within the District; and

WHEREAS, pursuant to Sections 190.033 and 287.055, Florida Statutes, the District
solicited qualifications from qualified firms and individuals to provide professional engineering services to the District on a continuing basis; and

WHEREAS, Engineer submitted a proposal to serve in this capacity; and

WHEREAS, on March 4, 2026, the District's Board of Supervisors (the “Board”) ranked
Engineer as the most qualified firm to provide professional engineering services for the District and authorized the negotiation of a contract pursuant to Section 287.055, Florida Statutes; and

WHEREAS, the District intends to employ Engineer to perform engineering, construction
administration, environmental management and permitting, financial and economic studies, as defined by a separate work authorization or work authorizations; and

WHEREAS, the Engineer shall serve as District’s professional representative in each
service or project to which this Agreement applies and will give consultation and advice to the District during performance of these services.

Page 1 of 15

NOW, THEREFORE, for and in consideration of the mutual covenants herein contained,
the acts and deeds to be performed by the parties hereto and the payments by the District to the Engineer of the sums of money herein specified, it is mutually covenanted and agreed as follows:

Article 1.

Incorporation of Recitals. The recitals stated above are true and correct

and are incorporated by reference herein as a material part of this Agreement.

Article 2.

Scope of Services.

A.

The Engineer will provide general engineering services for the District,
including:

1.

Preparation of any necessary reports and attendance at meetings of the
Board.

2.

Assisting in meeting with necessary parties involving bond issues, special
reports, feasibility studies or other tasks.

3.

Providing professional engineering services, including but not limited to,
review and execution of documents under the District’s Trust Indentures and monitoring of District projects.

4.

Any other items requested by the Board.

B.

Engineer shall, when authorized by the Board, provide general services related
to construction of any District projects, including but not limited to:

1.

Periodic visits to the site, or full time construction management of
District projects, as directed by District.

2.

Processing of contractors’ pay estimates.

3.

Preparation of, and/or assistance with, the preparation of work
authorizations, requisitions, change orders and acquisitions for review by the District Manager, District Counsel, and the Board.

4.

Final inspection and requested certificates for construction, including the
final certificate of construction.

5.

Consultation and advice during construction, including performing all
roles and actions required of any construction contract between District and any contractor(s) in which Engineer is named as owner’s representative or “Engineer.”

Page 2 of 15

6.  Any other activity related to construction as authorized by the Board.

C.  With respect to maintenance of the facilities, Engineer shall render such
services as authorized by the Board.

Article 3.

Method of Authorization. Each service or project shall be authorized in

writing by the District. The written authorization shall be incorporated in a work authorization
which shall include the scope of services, compensation, project schedule, and special provisions or conditions specific to the service or project being authorized and shall be in a form similar to the form set for in Exhibit A hereto (“Work Authorization”). Authorization of services or projects under this Agreement shall be at the sole option of the District.

Article 4.

Compensation. It  is  understood  and  agreed  that  the  payment  of

compensation for services under this Agreement shall be stipulated in each Work Authorization.
One of the following methods will be utilized:

A.

Lump Sum Amount – The District and Engineer shall mutually agree to a lump
sum amount for the services to be rendered payable monthly in direct proportion to the work accomplished. For any lump-sum or cost-plus-a-fixed-fee professional service contract over the threshold amount provided in Section 287.017 of the Florida Statutes for CATEGORY FOUR, the District shall require the Engineer to execute a truth-in-negotiation certificate stating that wage rates and other factual unit costs supporting the compensation are accurate, complete, and current at the time of contracting. The price for any lump sum Work Authorization, and any additions thereto, will be adjusted to exclude any significant sums by which the District determines the Work Authorization was increased due to inaccurate, incomplete, or noncurrent wage rates and other factual unit costs. All such adjustments must be made within one (1) year following the completion of the work contemplated by the lump sum Work Authorization.

B.

Hourly Personnel Rates – For services or projects where the scope of services
is not clearly defined or recurring services or other projects where the District desires the use of the hourly compensation rates, the rates outlined in Exhibit B, attached hereto and incorporated by this reference, shall apply. The District and Engineer may agree to a “not to exceed” amount when utilizing hourly personnel rates for a specific work authorization.

Article 5.

Reimbursable  Expenses.

Reimbursable  expenses  consist  of  actual

expenditures made by Engineer, its employees, or its consultants in the interest of the services
for the incidental expenses as listed as follows:

Page 3 of 15

A. Expenses of transportation and living when traveling in connection with a project and fees paid for securing approval of authorities having jurisdiction over the project. All expenditures shall be made in accordance with Chapter 112, Florida Statutes, and with the District’s travel policy.

B. Expense of reproduction, postage and handling of drawings and specifications.

Article 6.

Term of Agreement.  It is understood and agreed that the term of this

Agreement will be from the time of execution of this Agreement by the parties hereto until
terminated in accordance with its terms.

Article 7.

Special Consultants. When authorized in writing by the District, additional

special consulting services may be utilized by Engineer and paid for on a cost basis.

Article 8.
records relating to

Books and Records.  Engineer shall maintain comprehensive books and
any services performed under this Agreement, which shall be retained by

Engineer for a period of at least four (4) years from and after completion of any services
hereunder, or such further time as required under Florida law. The District, or its authorized representative, shall have the right to audit such books and records at all reasonable times upon prior notice to Engineer.

Article 9.

Ownership of Documents.

A.

Upon payment of all applicable compensation as properly invoiced and paid
pursuant to Article 4, all rights in and title to all plans, drawings, specifications, ideas, concepts, designs, sketches, models, programs, software, creation, inventions, reports, or other tangible work product originally developed by Engineer pursuant to this Agreement (the “Work Product”) shall be and remain the sole and exclusive property of the District when developed and shall be considered work for hire.

B.

Upon payment of all applicable compensation as properly invoiced and paid
pursuant to Article 4, the Engineer shall deliver all Work Product to the District upon completion thereof, unless it is necessary for the Engineer in the District’s sole discretion to retain possession for a longer period of time. Notwithstanding the foregoing, the Engineer agrees that delivery of any Work Product necessary to proceed with the ongoing work of the District shall not be withheld or unreasonably delayed solely based upon the timing of the invoicing or payment. Upon early termination of the Engineer’s services hereunder, the Engineer shall deliver to the District all such Work Product, whether complete or not. The District shall have all rights to use any and all Work Product. Engineer shall retain copies of the Work Product for its permanent records, provided the Work Product is not used without the

Page 4 of 15

District’s prior express written consent. The Engineer agrees not to recreate
any Work Product contemplated by this Agreement, or portions thereof, which if constructed or otherwise materialized, would be reasonably identifiable with the District.

C.

The District exclusively retains all manufacturing rights to all materials or
designs developed under this Agreement. To the extent the services performed under this Agreement produce or include copyrightable or patentable materials or designs, such materials or designs are work made for hire for the District as the author, creator, or inventor thereof upon creation, and the District shall have all rights therein including, without limitation, the right of reproduction, with respect to such work. The Engineer hereby assigns to the District any and all rights the Engineer may have including, without limitation, the copyright, with respect to such work. The Engineer acknowledges that the District is the motivating factor for, and for the purpose of copyright or patent, has the right to direct and supervise, the preparation of such copyrightable or patentable materials or designs.

Article 10.

Reuse of Documents. All documents including drawings and specifications

furnished by Engineer pursuant to this Agreement are instruments of service. Such documents
are not intended or represented to be suitable for reuse by District or others on extensions of the work for which they were provided or on any other project. Any reuse without specific written consent by Engineer will be at the District’s sole risk and without liability or legal exposure to Engineer. All documents including drawings, plans and specifications furnished by Engineer to District are subject to reuse in accordance with Section 287.055(10), Florida Statutes.

Article 11.

Estimate of Cost. Since Engineer has no control over the cost of labor,

materials, or equipment or over a contractor's methods of determining prices, or over
competitive bidding or market conditions, Engineer’s opinions of probable cost provided as a service hereunder are to be made on the basis of its experience and qualifications and represent Engineer’s best judgment as a design professional familiar with the construction industry, but Engineer cannot and does not guarantee that proposals, bids, or the construction costs will not vary from opinions of probable cost prepared by Engineer. If the District wishes greater assurance as to the construction costs, it shall employ an independent cost estimator at its own expense. Services to modify approved documents to bring the construction cost within any limitation established by the District will be considered additional services and justify additional fees.

Article 12.

Insurance.

A. Subject to the provisions of this Article, the Engineer shall, at a minimum,
maintain throughout the term of this Agreement the following insurance:

Page 5 of 15

1.

Workers’ Compensation Insurance in accordance with the laws of the
State of Florida.

2.

Commercial General Liability Insurance, including but not limited to,
bodily injury (including contractual), property damage (including contractual), products and completed operations, and personal injury with limits of not less than One Million Dollars and No Cents ($1,000,000.00) per occurrence, and not less than Two Million Dollars and No Cents ($2,000,000.00) in the aggregate covering all work performed under this Agreement.

3.

Automobile Liability Insurance, including without limitation bodily
injury and property damage, including all vehicles owned, leased, hired, and non-owned vehicles with limits of not less than One Million Dollars and No Cents ($1,000,000.00) combined single limit covering all work performed under this Agreement.

4.

Professional Liability Insurance for Errors and Omissions, with limits of
not less than One Million Dollars and No Cents ($1,000,000.00).

B.

All insurance policies, except for the Professional Liability Insurance, secured
by Engineer pursuant to the terms of this Agreement shall be written on an “occurrence” basis to the extent permitted by law.

C.

The District and the District’s officers, supervisors, agents, staff, and
representatives shall be named as additional insured parties, except with respect to the Worker’s Compensation Insurance and Professional Liability Insurance for which only proof of insurance shall be provided. The Engineer shall furnish the District with the Certificate of Insurance evidencing compliance with the requirements of this Section. No certificate shall be acceptable to the District, unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the state of Florida.

D.

If the Engineer fails to have secured and maintained the required insurance,
the District has the right (without any obligation to do so, however), to secure such required insurance in which event, the Engineer shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with the District’s obtaining the required insurance.

Page 6 of 15

Article 13.

Contingent Fee.	The Engineer warrants that it has not employed or

retained any company or person, other than a bona fide employee working solely for the
Engineer, to solicit or secure this Agreement and that it has not paid or agreed to pay any person, company, corporation, individual, or firm, other than a bona fide employee working solely for the Engineer, any fee, commission, percentage, gift, or other consideration contingent upon or resulting from the award or making of this Agreement.

Article 14.

Audit.	Records of the Engineer pertaining to the services provided

hereunder shall be kept on a basis of generally accepted accounting principles and shall be
available to the District or its authorized representative for observation or audit at mutually

agreeable times.

The Engineer agrees that the District or any of its duly authorized

representatives shall have access to and the right to examine any books, documents, papers, and
records of the Engineer involving transactions related to the Agreement for a period of four (4) years or longer as required by law. The Engineer agrees that payment made under the Agreement shall be subject to reduction for amounts charged thereto that are found on the basis of audit examination not to constitute allowable costs. All required records shall be maintained until either (a) the completion of an audit and resolution of all questions arising therefrom, or (b) three years after the expenditure of all funds under this Agreement, or (c) the public record retention period established by the District’s records retention policy, whichever comes later.

Article 15.

Compliance with Governmental Regulations. In performing its obligations

under this Agreement, the Engineer and each of its agents, servants, employees, or anyone
directly or indirectly employed by the Engineer, shall comply with all applicable laws, ordinances, rules, regulations, and orders of any public or governmental authority having appropriate jurisdiction. If the Engineer fails to notify the District in writing within five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, State, or Federal governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Engineer or any of its agents, servants, or employees, or fails to comply with any requirement of such agency within five (5) days after receipt of any such notice, order request to comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such termination to be effective upon the giving of notice of termination.

Article 16.

Compliance with Professional Standards.	In performing its obligations

under this Agreement, the Engineer and each of its agents, servants, employees, or anyone
directly or indirectly employed by Engineer, shall maintain the generally accepted professional standard of care, skill, diligence, and professional competency for such work and/or services consistent with industry standards used by members of the Engineer's profession practicing under similar circumstances. Any designs, drawings, reports, or specifications prepared or furnished by Engineer that contain errors, conflicts, or omissions will be promptly corrected by Engineer at no cost to the District.

Article 17.

Indemnification.

Page 7 of 15

A.

The Engineer agrees, to the fullest extent permitted by law (except against
professional liability claims), to indemnify, defend, and hold harmless the District and the District’s officers, supervisors, agents, staff, and representatives (together, the “Indemnitees”), from liabilities, damages, losses, and costs, including but not limited to, reasonable attorneys’ fees, to the extent caused by the negligence, recklessness, or intentionally wrongful conduct of the Engineer and other persons employed or utilized by the Engineer in the performance of this

Agreement,

including

without

limitation

the

Engineer’s

contractors,

subcontractors, and sub-subcontractors. To the extent a limitation on liability is
required by Section 725.06 of the Florida Statutes or other applicable law, liability under this section shall in no event exceed the sum of One Million Dollars and No Cents ($1,000,000.00) and Engineer shall carry, at his own expense, insurance in a company satisfactory to District to cover the aforementioned liability. Engineer agrees such limitation bears a reasonable commercial relationship to the Agreement and was part of the project specifications or bid documents.

B.

The Engineer agrees and covenants that nothing in this Agreement shall constitute
or be construed as a waiver of the District’s sovereign immunity pursuant to Section 768.28, Florida Statutes, or other law, and nothing in the 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.

C.

In the event that any indemnification, defense, or hold harmless provision of this
Agreement is determined to be unenforceable, the provision shall be reformed in accordance with the mutual intent of the Engineer and the District to provide indemnification, defense, and hold harmless provisions to the maximum effect allowed by Florida law and for the benefit of the Indemnitees.

D.

Neither District nor Engineer shall be liable to the other party in any circumstances
for any indirect, economic, special or consequential loss or damage, including but not limited to, loss of revenue, loss of production or loss of profit.

Article 18.

Employment Verification.

The Engineer agrees that it shall bear the

responsibility for verifying the employment status, under the Immigration Reform and Control
Act of 1986, of all persons it employs in the performance of this Agreement.

Article 19.

Independent Contractor. In all matters relating to this Agreement, the

District and the Engineer agree and acknowledge that the Engineer shall serve as an independent
contractor of the District. Neither the Engineer nor employees of the Engineer, if any, are employees of the District under the meaning or application of any Federal or State unemployment, insurance laws, or any other potentially applicable laws. The Engineer agrees to assume all liabilities or obligations by any one or more of such laws with respect to employees of

Page 8 of 15

the Engineer, if any, in the performance of this Agreement. The Engineer shall not have any
authority to assume or create any obligation, express or implied, on behalf of the District and the Engineer shall have no authority to represent as agent, employee, or in any other capacity the District, unless set forth differently herein or authorized by vote of the Board.

Article 20.

Controlling Law. The Engineer and the District agree that this Agreement

shall be controlled and governed by the laws of the State of Florida. Venue for all proceedings
with respect to this Agreement shall be Pasco County, Florida.

Article 21.

Notice. 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 Engineer:

LJA Engineering, Inc.
3600 W. Sam Houston Parkway South Houston, Texas 77042
Attn: 	

B.  If to District:

Horse Trials Community Development District
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817 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 Engineer may deliver Notice on behalf of the District and the Engineer. 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.

Article 22.

Public Records. Engineer understands and agrees that all documents of

any kind provided to the District in connection with this Agreement may be public records, and,
accordingly, Engineer agrees to comply with all applicable provisions of Florida law in handling

Page 9 of 15

such records, including but not limited to Section 119.0701, Florida Statutes. Engineer
acknowledges that the designated public records custodian for the District is Lynne Mullins (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Engineer shall 1) keep and maintain public records required by the District to perform the Services; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the Agreement term and following the Agreement term if the Engineer does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the Agreement, transfer to the District, at no cost, all public records in Engineer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Engineer, the Engineer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE ENGINEER HAS QUESTIONS REGARDING THE APPLICATION OF
CHAPTER 119, FLORIDA STATUTES, TO ENGINEER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT C/O PFM GROUP CONSULTING, LLC, 3501 QUADRANGLE BLVD., SUITE 270, ORLANDO,

FLORIDA

32817

PHONE	(407)

723-5900,

AND	E-MAIL

RECORDREQUEST@PFM.COM.

Article 23.

No Third Party Benefits. Nothing in the Agreement shall inure to the

benefit of any third party for the purpose of allowing any claim which would otherwise be barred
by operation of law.

Article 24.

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.

Article 25.

Assignment. Except as provided otherwise in this Agreement, neither the

District nor the Engineer shall assign, sublet, or transfer any rights under or interest in this
Agreement without the express written consent of the other. Any purported assignment without such written consent is void. Nothing in this paragraph shall prevent the Engineer from employing such independent professional associates and consultants as Engineer deems appropriate and consistent with this Agreement.

Page 10 of 15

Article 26.

Construction Defects. ANY CLAIMS FOR CONSTRUCTION DEFECTS ARE

SUBJECT TO THE NOTICE AND CURE PROVISIONS OF CHAPTER 558, FLORIDA STATUTES.

Article 27.

Amendment. Amendments to and waivers of the provisions contained in

this Agreement may be made only by an instrument in writing that is executed by both the District
and the Engineer.

Article 28.	Arm’s  Length  Transaction. This  Agreement  reflects the  negotiated
agreement of the District and the Engineer, each represented by competent legal counsel. Accordingly, this Agreement shall be construed as if both parties jointly prepared it, and no presumption against one party or the other shall govern the interpretation or construction of any of the provisions of this Agreement.

Article 29.

Individual Liability. UNDER THIS AGREEMENT, AND PURSUANT TO THE

REQUIREMENTS OF SECTION 558.0035, FLORIDA STATUTES, THE REQUIREMENTS OF WHICH ARE
EXPRESSLY INCORPORATED HEREIN, AN INDIVIDUAL EMPLOYEE OR AGENT OF THE ENGINEER MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.

Article 30.

Termination.

The District may terminate this Agreement for cause

immediately upon notice to Engineer. The District or the Engineer may terminate this Agreement
without cause upon thirty (30) days’ written notice. At such time as the Engineer receives notification of the intent of the District to terminate the Agreement, the Engineer shall not perform any further services, unless directed to do so in writing by the District. In the event of any termination or breach of any kind, the Engineer shall not be entitled to consequential damages of any kind (including but not limited to lost profits), but instead the Engineer’s sole remedy will be to recover payment for services rendered to the date of the notice of termination, subject to any offsets.

Article 31.	Headings for Convenience Only.	The  descriptive  headings  in  this
Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

Article 32.	Enforcement of Agreement. In the event that either the District or the
Engineer is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover from the other party all costs incurred, including reasonable attorney’s fees, paralegal fees, expert witness fees, and costs at all judicial levels.

Article 33.

Acceptance. Acceptance of this Agreement is indicated by the signatures

of the authorized representatives of the District and the Engineer in the spaces provided below.

Article 34.

Counterparts. This instrument may be executed in any number of

counterparts, each of which, when executed and delivered, shall constitute an original, and such

Page 11 of 15

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.

Article 35.

E-VERIFY. The Engineer shall comply with and perform all applicable

provisions of Section 448.095, Florida Statutes. Accordingly, to the extent required by Florida
Statute, Engineer shall register with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees. The District may terminate this Agreement immediately for cause if there is a good faith belief that the Engineer has knowingly violated Section 448.09(1), Florida Statutes. By entering into this Agreement, the Engineer represents that no public employer has terminated a contract with the Engineer under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

Article 36.

COMPLIANCE WITH SECTION 20.055, FLORIDA STATUTES. The Engineer agrees to

comply with Section 20.055(5), Florida Statutes, to cooperate with the inspector general in any
investigation, audit, inspection, review, or hearing pursuant to such section and to incorporate in all subcontracts the obligation to comply with Section 20.055(5), Florida Statutes.

Article 37.

Scrutinized Companies Statement. Engineer certifies it: (i) is not in violation

of Section 287.135, Florida Statutes; (ii) is not on the Scrutinized Companies with Activities in
Sudan List; (iii) is not on the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List; (iv) does not have business operations in Cuba or Syria; (v) is not on the Scrutinized Companies that Boycott Israel List; and (vi) is not participating in a boycott of Israel. If the Engineer is found to have submitted a false statement with regards to the prior sentence, has been placed on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, or the Scrutinized Companies that Boycott Israel List, has engaged in business operations in Cuba or Syria, and/or has engaged in a boycott of Israel, the District may immediately terminate the Contract.

[Remainder of this page intentionally left blank]

Page 12 of 15

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
on the day and year first above written.

Attest:

HORSE TRIALS COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

Chairperson / Vice Chairperson,
Board of Supervisors

LJA ENGINEERING, INC.

Witness

By: 	
Its: 	

EXHIBIT A:
EXHIBIT B:

Form of Work Authorization
Rate Schedule

Page 13 of 15

Exhibit A
	, 2026

Horse Trials Community Development District

Subject:

Work Authorization Number 	

Dear Chairperson, Board of Supervisors:

LJA Engineering, Inc. (“Engineer”), is pleased to submit this work authorization to provide
engineering services for the Horse Trials Community Development District (the “District”). We will provide these services pursuant to our current agreement dated March   , 2026 (“Engineering Agreement”) as follows:

I.

Scope of Work

The District will engage Engineer to perform those services [INSERT SERVICES TO BE
PROVIDED].

II.

Fees

The District will compensate Engineer pursuant to the hourly rate schedule contained in
the Engineering Agreement.

This proposal, together with  the  Engineering  Agreement,  represents  the entire
understanding between the District and Engineer with regard to the referenced work authorization. If you wish to accept this work authorization, please sign both copies where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule our services.

Thank you for your consideration.

APPROVED AND ACCEPTED

Sincerely,

By: 	
Authorized Representative of Horse Trials Community Development District

 	
By: 	

Date: 	

Page 14 of 15

Exhibit B

Rate Schedule

Page 15 of 15

Horse Trials Community Development District

Interlocal Agreement
with Collier County Property Appraiser

Horse Trials Community Development District

Resolution 2026-01,
Approving a Preliminary Budget for Fiscal Year 2027 & Setting a Public Hearing

RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HORSE TRIALS COMMUNITY
DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2027; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Horse Trials Community Development District (“District”) prior to June 15, 2026, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HORSE
TRIALS COMMUNITY DEVELOPMENT DISTRICT:

1.

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is

hereby approved preliminarily.

2.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION.	A public hearing on said

approved Proposed Budget is hereby declared and set for the following date, time, and location, and
District staff is directed to provide notice of the same in accordance with Florida law:

DATE:
TIME: LOCATION:

June 3, 2026
11:30 A.M.
Collier Enterprises
999 Vanderbilt Beach Rd, Ste 507
Naples, FL 34108

3.

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED

BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the
applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Chapter 189, Florida Statutes.

4.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more

provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this
Resolution, or any part thereof. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 23rd DAY OF MARCH, 2026.

ATTEST:

HORSE TRIALS COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary

Chair/Vice Chair, Board of Supervisors

Exhibit A:

Proposed Budget

EXHIBIT A

Horse Trials CDD
Proposed FY 2027 Budget

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

Horse Trials CDD
FY 2027 Proposed O&M Budget

Year To Date

Actuals Through 01/31/2026

FY 2026
Adopted Budget

FY 2027
Proposed Budget

Anticipated Feb - Sept

Anticipated FY 2026 Totals

Revenues
Developer Contributions Interest Income
Net Revenues
General & Administrative Expenses
Public Officials' Insurance Management Engineering
District Counsel Audit
Property Appraiser Travel and Per Diem Postage & Shipping Copies
Telephone / Webex Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees General Insurance Property and Casualty Tax Preparation Fee Additional Insurance Contingency
Total General & Administrative Expenses
Total Expenses

$

14,379.93
249.04

$

53,614.31
-

$

67,994.24
249.04

$

79,745.00
-

$

79,745.00
-

$

14,628.97

$

53,614.31

$

68,243.28

$

79,745.00

$

79,745.00

2,250.00
8,333.32
- 2,202.50
-
-
- 0.74
-
- 245.04
- 175.00
2,750.00
-
- 500.00
-

- 16,666.68
3,333.33
6,666.67
6,000.00
- 333.33
333.33
333.33
33.33
6,666.67
6,420.00
-
-
-
-
- 5,000.00

2,250.00
25,000.00
3,333.33
8,869.17
6,000.00
- 333.33
334.07
333.33
33.33
6,911.71
6,420.00
175.00
2,750.00
-
- 500.00
5,000.00

3,100.00
25,000.00
5,000.00
10,000.00
6,000.00
500.00
500.00
500.00
500.00
50.00
10,000.00
6,420.00
175.00
3,500.00
3,500.00
-
- 5,000.00

3,100.00
25,000.00
5,000.00
10,000.00
6,000.00
500.00
500.00
500.00
500.00
50.00
10,000.00
6,420.00
175.00
3,500.00
3,500.00
100.00
500.00
4,400.00

$

16,456.60

$

51,786.68

$

68,243.28

$

79,745.00

$

79,745.00

 $  16,456.60 

 $	51,786.68 

 $	68,243.28 

 $  79,745.00 

 $  79,745.00 

Net Income (Loss)

 $	(1,827.63)

 $	1,827.63 

 $	-	

 $	-	

 $	-	

Page 1 of 3

Horse Trials CDD FY 2027

Budget Item Description

Revenues:

Developer Contributions

Funding from the Developer.

Administrative Expenditures:

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Management

The District receives management and administrative services as part of a management agreement with PFM Group Consulting LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the District throughout the year.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Property Appraiser

Cost incurred for a copy of the annual parcel listing for parcels within the District from the county.

Travel & Per Diem

Travel to and from meetings as related to the District.

Page 2 of 3

Horse Trials CDD FY 2027

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Telephone / Webex

Telephone and Webex services.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to monthly meetings, special meetings, and public hearings for the District.

Website Maintenance

Website maintenance fee. This also includes and setup fees for the website.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

General Insurance

General liability insurance.

Property & Casualty

Insurance to protect property and cover casualty.

Tax Preparation Fee

Annual 1099 processing is required to be electronically filed. These are the fee association with electronic filing.

Additional Insurance

Additional liability insurance.

Contingency

Other administrative and grounds expenses incurred throughout the year.

Page 3 of 3

Horse Trials Community Development District

Resolution 2026-02,
Adopting Goals, Objectives, and Performance Measures and Standards for Fiscal Year 2026

RESOLUTION 2026-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HORSE TRIALS
COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Horse Trials Community Development District (the “District”) is a local unit
of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified
as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and

WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning
October 1, 2024, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, the District Manager has prepared the attached goals, objectives, and
performance measures and standards and presented them to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests
of the District to adopt by resolution the attached goals, objectives and performance measures and standards.

NOW,	THEREFORE,	BE	IT	RESOLVED	BY	THE	BOARD	OF
SUPERVISORS OF THE HORSE TRIALS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.

The recitals so stated are true and correct and by this reference are

incorporated into and form a material part of this Resolution.

SECTION 2.

The District Board of Supervisors hereby adopts the goals, objectives and

performance measures and standards as provided in Exhibit A. The District Manager shall take
all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

SECTION 3.

If any provision of this resolution is held to be illegal or invalid, the other

provisions shall remain in full force and effect.

SECTION 4.

This resolution shall become effective upon its passage and shall remain in

effect unless rescinded or repealed.

1

PASSED AND ADOPTED this 23rd day of March, 2026.

ATTEST:

HORSE TRIALS COMMUNITY DEVELOPMENT
DISTRICT

Secretary/Assistant Secretary

Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

2

Exhibit A

3

Exhibit A:
Goals, Objectives and Annual Reporting Form

Performance Measures/Standards &
Annual Reporting Form

October 1, 2025 – September 30, 2026

1. Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least two regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of two board meetings were held during the Fiscal Year. Achieved: Yes  No 

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), using at least two communication methods. Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised with 7 days notice per statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes  No 

Goal 1.3: Access to Records Compliance
Objective: Ensure that public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes  No 

2. Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.

Achieved: Yes  No 

Goal 2.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit and current fiscal year budget with any amendments.
Measurement: Annual audit and current fiscal years’ budgets are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit and most recent adopted/amended fiscal year budget.
Achieved: Yes  No 

Goal 2.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by
meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes  No 

Chair/Vice Chair:	

Date:	

Print Name:	

District Manager:	
Print Name:	

Date:	

Horse Trials Community Development District

Funding Request Nos. 2 – 15

Horse Trials Community Development District

Funding Request Nos. 16 – 17

HORSE TRIALS
C O M M U N I T Y D E V E L O P M E N T	D I S T R I C T

Funding Request No. 16
3/6/2026

140945

PFM Group Consulting LLC (HORSE)

03/03/2026

Horse Trials CDD

6.42

Total:

286.74

Secretary / Assistant Secretary

Chairman / Vice Chairman

Horse Trials CDD
c/o PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329

7597252	USA TODAY Media Corp (HORSE)	02/28/2026	Horse Trials CDD	280.32

Invoice No	Supplier	Invoice Date Property		Invoice Amount

HORSE TRIALS
C O M M U N I T Y D E V E L O P M E N T	D I S T R I C T

Funding Request No. 17
3/13/2026

DM-03-2026-27

PFM Group Consulting LLC (HORSE)

03/05/2026

Horse Trials CDD

2,083.33
2,083.33

Total:

Secretary / Assistant Secretary

Chairman / Vice Chairman

Horse Trials CDD
c/o PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329

Invoice No	Supplier	Invoice Date Property		Invoice Amount

Horse Trials Community Development District

Fiscal Year 2025 Goals, Objectives, and Performance Measures and Standards Report

Horse Trials Community Development District

District’s Financials and Budget to Actual YTD

Horse Trials CDD
January 2026 Financial Package

January 31, 2026

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

Horse Trials CDD
Statement of Financial Position As of 1/31/2026

General Fund

Assets

Current Assets
General Checking Account
Accounts Receivable - Due from Developer
Total Current Assets

$

20,251.46
2,323.33

$

22,574.79

Total Assets

$

22,574.79

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue
Total Current Liabilities

$

2,323.33
2,323.33

$

4,646.66

Total Liabilities

$

4,646.66

Net Assets
Net Assets - General Government
Current Year Net Assets - General Government

$

19,755.76
(1,827.63)

$

17,928.13

Total Net Assets

Total Liabilities and Net Assets

$

22,574.79

Page 1 of 3

Horse Trials CDD Statement of Activities As of 1/31/2026

General Fund

Revenues

Developer Contributions
Total Revenues

$

14,379.93

$

14,379.93

Expenses

Public Officials Liability Insurance District Management
District Counsel Postage & Shipping Legal Advertising
Dues, Licenses, and Fees General Insurance
Other Insurance
Total Expenses

$

2,250.00
8,333.32
2,202.50
0.74
245.04
175.00
2,750.00
500.00

$

16,456.60

Other Revenues (Expenses) & Gains (Losses)

Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$

249.04

$

249.04

Change In Net Assets

$

(1,827.63)

Net Assets At Beginning Of Year

$

19,755.76

Net Assets At End Of Year

$

17,928.13

Page 2 of 3

Horse Trials CDD
Budget to Actual
For the month ending 01/31/2026

FY 2026
Adopted Budget

Percentage Spent

YTD Actual

YTD Budget

YTD Variance

Revenues
Developer Contributions
Net Revenues

$

14,379.93

$

26,581.67

$

(12,201.74)

$

79,745.00

18.03%

$

14,379.93

$

26,581.67

$

(12,201.74)

$

79,745.00

18.03%

General & Administrative Expenses Public Officials' Liability Insurance Management
Engineering District Counsel Audit
Travel & Per Diem Postage & Shipping Copies
Telephone / Webex Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees Property Appraiser General Liability Insurance Property and Casualty Other Insurance Contingency
Total General & Administrative Expenses

$

2,250.00
8,333.32
- 2,202.50
-
- 0.74
-
- 245.04
- 175.00
- 2,750.00
- 500.00
-

$

1,033.33
8,333.33
1,666.67
3,333.33
2,000.00
166.67
166.67
166.67
16.67
3,333.33
2,140.00
58.33
166.67
1,166.67
1,166.67
- 1,666.67

$

1,216.67
(0.01)
(1,666.67)
(1,130.83)
(2,000.00)
(166.67)
(165.93)
(166.67)
(16.67)
(3,088.29)
(2,140.00)
116.67
(166.67)
1,583.33
(1,166.67)
500.00
(1,666.67)

$

3,100.00
25,000.00
5,000.00
10,000.00
6,000.00
500.00
500.00
500.00
50.00
10,000.00
6,420.00
175.00
500.00
3,500.00
3,500.00
- 5,000.00

72.58%
33.33%
0.00%
22.03%
0.00%
0.00%
0.15%
0.00%
0.00%
2.45%
0.00%
100.00%
0.00%
78.57%
0.00%
0.00%
0.00%

$

16,456.60

$

26,581.67

$

(10,125.07)

$

79,745.00

20.64%

Total Expenses

$

16,456.60

$

26,581.67

$

(10,125.07)

$

79,745.00

Income (Loss) from Operations

$

(2,076.67)

$

-

$

(2,076.67)

$

-

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$

249.04

$

-

$

249.04

$

-

$

249.04

$

-

$

249.04

$

-

Net Income (Loss)

$

(1,827.63)

$

-

$

(1,827.63)

$

-

Page 3 of 3

Horse Trials Community Development District

Audit Documents

HORSE TRIALS COMMUNITY DEVELOPMENT DISTRICT
REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Horse Trials Community Development District hereby requests proposals for annual
financial auditing services. The proposal must provide for the auditing of the District’s financial records for the fiscal year ending September 30, 2026, with an option for four additional optional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in Collier County, Florida, and has an annual operating budget of approximately $79,745.00. The final contract will require that, among other things, the audit for the fiscal year ending September 30, 2026, be completed no later than April 15, 2027.

The auditing entity submitting a proposal must be duly licensed under Chapter 473,
Florida Statutes, and be qualified to conduct audits in accordance with “Government Auditing Standards,” as adopted by the Florida Board of Accountancy. Audits shall be conducted in accordance with Florida Law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include evaluation criteria and instructions to proposers, are
available from the District Manager at the address and telephone number listed below.

Proposers must provide two (2) copies of their proposal and an electronic copy (USB) to
the District Manager, 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817,
(407) 723-5900 in an envelope marked on the outside “Auditing Services, Horse Trials Community Development District.” Proposals must be received by  :00 a/p.m. on 	
  , 2026, at the office of the District Manager. Please direct all questions regarding this Notice to the District Manager.

Lynne Mullins
District Manager

Run date: must be published in at least one newspaper of general circulation in the
District and the county in which the District is located. The public announcement must allow for at least 7 days for the submission of proposals.

Horse Trials Community Development District

Request for Proposals

District Auditing Services for Fiscal Year 2026
Collier County, Florida

Instructions to Proposers

Section 1.

Due Date. Sealed proposals must be received no later than 	

	, 2026 at   :00 a/p.m., at the offices of District Manager, 3501 Quadrangle Boulevard,
Suite 270, Orlando, Florida 32817, (407) 723-5900. Proposals will be publicly opened at that time.

Section 2.

Familiarity with the Law. By submitting a proposal, the Proposer is

assumed to be familiar with all federal, state, and local laws, ordinances, rules and
regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

Section 3.

Qualifications of Proposer. The contract, if awarded, will only be

awarded to a responsible Proposer who is qualified by experience and licensing to do the
work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

Section 4.

Submission of Only One Proposal. Proposers shall be disqualified

and their proposals rejected if the District has reason to believe that collusion may exist
among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

Section 5.

Submission of Proposal. Submit two (2) copies, and an electronic

copy (USB) of the Proposal Documents, and other requested attachments at the time and
place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Horse Trials Community Development District” on the face of it.

Section 6.

Modification and Withdrawal.	Proposals may be modified or

withdrawn by an appropriate document duly executed and delivered to the place where
proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.

Section 7.

Proposal Documents. The proposal documents shall consist of the

notice announcing the request for proposals, these instructions, the Evaluation Criteria
Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

Section 8.

Proposal. In making its proposal, each Proposer represents that it

has read and understands the Proposal Documents and that the proposal is made in
accordance therewith.

Section 9.

Basis of Award/Right to Reject. The District reserves the right to

reject any and all proposals, make modifications to the work, and waive any informalities
or irregularities in proposals as it is deemed in the best interests of the District.

Section 10.	Contract Award. Within fourteen (14) days of receipt of the Notice
of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

Section 11.

Limitation of Liability. Nothing herein shall be construed as or

constitute a waiver of the District’s limited waiver of liability contained in Section 768.28,
Florida Statutes, or any other statute or law.

Section 12.

Miscellaneous.

All	proposals	shall	include	the	following

information in addition to any other requirements of the proposal documents.

A.

List the position or title of all personnel to perform work on the District
audit. Include resumes for each person listed; list years of experience in present position for each party listed and years of related experience.

B.

Describe proposed staffing levels, including resumes with applicable
certifications.

C.

Three references from projects of similar size and scope. The Proposer
should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

D.

The lump sum cost of the provision of the services under the proposal for
the District’s first audit for which there are no special assessment bonds, plus the lump sum cost of four (4) annual renewals, which renewals shall include services related to the District’s anticipated issuance of special assessment bonds.

Section 13.

Protests. In accordance with the District’s Rules of Procedure, any

protest regarding the Proposal Documents, must be filed in writing, at the offices of the

District Manager, within seventy-two (72) calendar hours (excluding Saturday, Sunday,
and state holidays) after the receipt of the Proposal Documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturday, Sunday, and state holidays) after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Proposal Documents.

Section 14.

Evaluation of Proposals. The criteria to be used in the evaluation

of proposals are presented in the Evaluation Criteria Sheet, contained within the Proposal
Documents.

HORSE TRIALS COMMUNITY DEVELOPMENT DISTRICT
AUDITOR SELECTION EVALUATION CRITERIA

1.

Ability of Personnel.

(20 Points)

(E.g., geographic location of the firm’s headquarters or permanent office in relation to
the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing workload; proposed staffing levels, etc.)

2.

Proposer’s Experience.

(20 Points)

(E.g. past record and experience of the Proposer in similar projects; volume of work
previously performed by the firm; past performance for other or current Community Development District(s) in other contracts; character, integrity, reputation of Proposer, etc.)

3.

Understanding of Scope of Work.

(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for
the services requested.

4.

Ability to Furnish the Required Services.

(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial
resources and stability as a business entity necessary to complete the services required.

5.

Price.

(20 Points)***

Points will be awarded based upon the lowest total proposal for rendering the services
and the reasonableness of the proposal.

Total

(100 Points)