SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 5, 2026
6:15 P.M.

Special District Services, Inc. 8785 SW 165 Avenue, Suite 200
Miami, FL 33193
www.sausalitobaycdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT
Conference Room at Kendall Executive Center 8785 SW 165th Avenue, Suite 200
Miami, Florida 33193
REGULAR BOARD MEETING
March 5, 2026
6:15 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
September 4, 2025 Regular Board Meeting	Page 2
Old Business
Update Regarding Tree Removal
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget	Page 7
Consider Approval of Attorneys Fee Adjustment – Billing Cochran	Page 14
Administrative & Operational Matters
Qualifying Period Announcement: Noon, June 8, 2026 – Noon, June 12, 2026 (Seats 3 & 4)
Reminder: 2025 Form 1 – Statement of Financial Interest Disclosure (Due by July 1, 2026)
Board Member & Staff Closing Comments
Adjourn

McClatchy

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AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Cols	Depth	
57911	IPL0269909	Legal Ad - IPL0269909	Sausalito Bay CDD - Fiscal Year 2025/2026	1.0	82.0L	

ATTENTION: Sausalito Bay Community Development District IP 2501A Burns Road
Palm Beach Gardens, FL 33410 larcher@sdsinc.org

SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that
the Board of Supervisors (the “Board”) of the Sausalito Bay Community Development District (the “Dis-trict”) will hold Regular Meetings in the Conference Room at Kendall Ex-ecutive Center located at 8785 SW 165th Avenue, Suite 200, Miami, Flor-ida 33193, on the following dates: at 6:15 p.m. on the following dates:
October 2, 2025
November 6, 2025
February 5, 2026
March 5, 2026
April 2, 2026
May 7, 2026
June 4, 2026
September 3, 2026
The purpose of the meetings is for the Board to consider any District busi-ness which may lawfully and properly come before the Board. Meetings are open to the public and will be con-ducted in accordance with the pro-visions of Florida law for community development districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922, prior to the date of the particular meeting.
From time to time one or two Board members may participate by tele-phone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be contin-ued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

PUBLISHED DAILY MIAMI-DADE-FLORIDA

STATE OF FLORIDA COUNTY OF MIAMI-DADE

Before the undersigned authority personally appeared, the under-signed, who on oath says that he/she is Custodian of Records of The The Miami Herald, a newspaper published in MIami Dade County, Flor-ida, that the attached was published on the publicly accessible website of The Miami Herald or by print In the issues and dates listed below.

Affiant further Says that the said Miami Herald website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

1.0 insertion(s) published on: 09/10/25 Print

Print Tearsheet Link Marketplace Link

Mary Castro

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special ac-commodations or an interpreter to participate at any of these meetings should contact the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Sworn to and subscribed before me on

Sep 10, 2025, 10:26 AM ED

Meetings may be cancelled from time to time with no advertised notice.
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT
www.sausalitobaycdd.org IPL0269909
Sep 10 2025

Page 1

Online Notary Public. This notarial act involved the use of online audio/video communication technology. Notarization facilitated by SIGNiX®

SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
SEPTEMBER 4, 2025

CALL TO ORDER

District Manager Nancy Nguyen called the September 4, 2025, Regular Board Meeting of the Sausalito Bay Community Development District (the “District”) to order at 6:22 p.m. in the Kendall Executive Center Second Floor Conference Room located at 8785 SW 165 Avenue, Suite 200, Miami, Florida 33193.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in The Miami Herald on September 19, 2024, as part of the District’s Fiscal Year 2024/2025 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Vice Chairman Robert Penna and Supervisors Georgie Garcia and Jessica Toledano constituted a quorum and it was in order to proceed with the meeting.

Staff members in attendance were District Manager Nancy Nguyen of Special District Services, Inc.; and District Counsel Gabriella Fernandez-Perez of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
May 1, 2025, Regular Board Meeting and Public Hearing
Ms. Nguyen presented the minutes of the May 1, 2025, Regular Board Meeting and Public Hearing and asked if there were any changes.
There being no changes, a motion was made by Mr. Penna, seconded by Mr. Garcia and unanimously passed approving the minutes of the May 1, 2025, Regular Board Meeting and Public Hearing, as presented.

OLD BUSINESS
Update Regarding Tree Removal

Ms. Nguyen advised that this item was still pending. The landscaping contractor was contacted and the work was approved, however, the contractor has not added this project to their schedule. The Board asked why the tree removal had not been scheduled. Ms. Nguyen indicated that this would be discussed during the next meeting item, New Business - Item 1.

NEW BUSINESS

Discussion Regarding Landscape Maintenance Contract

Ms. Nguyen explained that the District’s landscaping contractor, Plant Brothers, had experienced delays in scheduling extraordinary projects due to ongoing turnover of their personnel. She noted that the District’s request for the removal of certain trees was submitted several months ago; however, the contractor has not been able to schedule the work. Ms. Nguyen noted that this turnover in personnel is something that is being experienced by many landscaping contractors.

Ms. Nguyen reminded the Board that similar performance concerns were experienced last year, at which time proposals from alternative landscaping contractors were presented to the Board for consideration. Ms. Nguyen noted that Plant Brothers also submitted a proposal at the time, accompanied with a letter outlining internal measures the company was implementing to improve performance.

Ms. Nguyen additionally explained that the contractor’s billing system had erroneously and automatically adjusted the service cost for the District, which resulted in overbilling. This error was not identified by District staff until June. She advised that Plant Brothers had since corrected the billing issue and had issued the District credit for the overages.

Ms. Nguyen stated that current annual contract service expenses for the District with Plant Brothers is
$29,786.68 and further presented the Board two (2) proposals from alternative contractors for landscape maintenance services as follows:
Twenty-six (26) mowing services and one (1) tree and palm trimming service per year:

Pan American Landscaping, LLC (Pan American): $32,200
Nicoya Lawnscaping, Inc. (Nicoya): $34,840
The Board discussed the option of engaging an alternative contractor. There was a Board consensus that it may be in the District’s best interest to consider transitioning to a new contractor. The Board asked Ms. Nguyen if she could communicate with Pan American and request that they lower the service costs for 26 mowing services and annual tree and palm trimming from $32,200 to $30,000. Ms. Nguyen messaged Pan American with this request. She is awaiting a response.

A motion was made by Mr. Penna, seconded by Mr. George and unanimously approved authorizing the District Manager to engage Pan American Landscaping, LLC for twenty-six mowing services and one tree and palm trimming service per annum at an amount not to exceed $32,200.

NOTE: Further discussion on this item took place during Item J.

Consider Resolution No. 2025-06 – Interlocal Agreement for Local Government Publications

Ms. Nguyen presented Resolution No. 2025-06, entitled:

RESOLUTION 2025-06
A RESOLUTION OF THE SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE INTERLOCAL ACCESS AGREEMENT FOR LOCAL GOVERNMENT PUBLICATION OF LEGAL ADVERTISEMENTS AND PUBLIC NOTICES ON  COUNTY  DESIGNATED  WEBSITE;  APPROVING  SAME;

PROVIDING FOR AUTHORIZED SIGNATORIES; AND PROVIDING FOR AN EFFECTIVE DATE

Ms. Nguyen explained that she would like to discuss the District’s required publications, and the costs associated with them. Ms. Nguyen stated that due to the closing of the Miami Daily Business Review, the District has had to advertise in The Miami Herald. Ms. Nguyen further explained that a standard publication costs approximately $800 with The Miami Herald. She further explained that this prompted her office to seek an alternative for publications. Ms. Nguyen noted that it has been determined that advertising on Miami-Dade County’s (the “County”) website meets Florida Statute requirements and the County’s attorney has authorized entering into an Interlocal Agreement (the “ILA”) with community development districts to allow them to advertise on the County’s website. She further noted that the cost to advertise on the County’s website for an unlimited amount of advertisements per year is $707. Ms. Fernandez-Perez explained that the District would need to make an initial advertisement in The Miami Herald annually notifying the public of its intent to advertise on the County’s website for the next year. Ms. Nguyen noted that this would still result in cost savings for the District.

Ms. Nguyen explained that this resolution authorizes Nancy Nguyen as District Manager, Miguel Picar as Chairman, and Robert Penna as Vice Chairman, to execute the ILA and any other documents related to the ILA.

A motion was made by Mr. George, seconded by Ms. Toledano and unanimously passed approving and adopting Resolution No. 2025-06; thereby authorizing Nancy Nguyen as District Manager, Miguel Picar as Chairman, and Robert Penna as Vice Chairman, to execute the Interlocal Agreement for government publication of legal advertisements and public notices and any other documents related to the Interlocal Agreement.
Consider Resolution No. 2025-07 – Adopting a Fiscal Year 2024/2025 Amended Budget

Ms. Nguyen presented Resolution No. 2025-07, entitled:

RESOLUTION NO. 2025-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.
Ms. Nguyen provided an explanation for the document. She indicated that there was an operating fund balance of approximately $226,000 at the end of the fiscal year. A discussion ensued after which:

A motion was made by Mr. Penna, seconded by Mr. George and unanimously passed adopting Resolution No. 2025-07, as presented, thereby setting the amended/revised budget for the 2024/2025 fiscal year.

Consider Resolution No. 2025-08 – Goals & Objectives Annual Report

Ms. Nguyen presented Resolution No. 2025-08, entitled:

RESOLUTION 2025-08

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

Ms. Nguyen explained that pursuant to legislation enacted in 2024, effective October 1, 2024, the District is required to establish goals and objectives for the District and to adopt performance measures and standards to evaluate the District’s achievement of these goals and objectives. She further noted that at the conclusion of each fiscal year, the Board must review and determine whether such goals have been met.

Ms. Nguyen presented the goals and objectives adopted by the District in 2024 and advised that it was in order for the Board to determine if the goals were met. Following discussion, the Board determined that all goals had been successfully achieved for fiscal year 2024/2025.

A motion was made by Ms. Toledano, seconded by Mr. Garcia and unanimously passed adopting Resolution No. 2025-08, as presented, further adopting the Sausalito Bay Community Development District’s Goals and Objectives Annual Report.

ADMINISTRATIVE & OPERATIONAL MATTERS
2025 Legislative Update Memo (BCLMR)

Ms. Fernandez-Perez explained that her firm annually prepares a memorandum summarizing the legislative acts that had become law during the most recent legislative session. Ms. Fernandez-Perez provided the Board an explanation of the laws that pertain to the District. She further informed the Board that if they had any questions regarding these new laws, they may contact her office or the District Manager.

The Board Members were reminded of their 4-hour ethics training requirement which is due by December 31, 2025.

BOARD MEMBER & STAFF CLOSING COMMENTS

Ms. Nguyen stated that she was in receipt of a response from Pan American accepting the District’s request to lower the service costs for twenty-six mowing services and one tree and palm trimming service per annum from $32,200 to $30,000.
A motion was made by Mr. Penna, seconded by Mr. Garcia and unanimously passed engaging Pan American Landscaping, LLC in the amount of $30,000 per annum for twenty-six mowing services and one tree and palm trimming service, further authorizing District Counsel to prepare a Landscape Maintenance Services Agreement, and further authorizing the District Manager to execute the same on behalf of the District.

There were no further Board Member comments.

Ms. Nguyen stated that unless an emergency were to arise, the Board would not need to meet until February 5, 2026.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Toledano, seconded by Mr. Garcia and unanimously passed adjourning the Regular Board Meeting at 7:03 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM ASSESSMENTS FOR FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Sausalito Bay Community Development District (the “District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2026/2027 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2026/2027 attached hereto as Exhibit “A” is approved and adopted by the Board.

Section 2.  A Public Hearing is hereby scheduled for June 4, 2026, at 6:15 p.m. in the Kendall Executive Center Conference Room located at 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.
PASSED, ADOPTED and EFFECTIVE this 5th day of March, 2026.

ATTEST:	SAUSALITO BAY
COMMUNITY DEVELOPMENT DISTRICT

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

Sausalito Bay Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	FISCAL YEAR 2026/2027
BUDGET	
Administrative Assessments	88,895	
Maintenance Assessments	21,494	
Debt Assessments	183,996	
Other Revenues	0	
Interest Income	1,320	
TOTAL REVENUES	$	295,705	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance (SFH - 50)	6,130	
Aquatic Maintenance (TH - 23)	1,630	
Lawn Maintenance (SFH - 50)	22,500	
Lawn Maintenance/Lake Tracts (TH - 23)	6,000	
Lake Tract Shoreline Maintenance (SFH - 50)	900	
Lake Tract Shoreline Maintenance (TH - 23)	480	
Miscellaneous Maintenance Expenses (SFH - 50)	8,000	
Miscellaneous Maintenance Expenses (TH - 23)	750	
Misc Grounds Maintenance/Mulch/Fertilizer	3,800	
Engineering/Inspections	1,600	
Outside Janitorial Services (SFH - 50)	3,000	
Maintenance Contingency	2,020	
TOTAL MAINTENANCE EXPENDITURES	$	56,810	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	306	
Management	36,000	
Secretarial & Field Operations	6,180	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,900	
Legal Advertisements	2,600	
Miscellaneous	1,300	
Postage	250	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,850	
Continuing Disclosure Fee	350	
Website Management	2,000	
Administrative Contingency	700	
TOTAL ADMINISTRATIVE EXPENDITURES	$	83,561	
		
TOTAL EXPENDITURES	$	140,371	
		
REVENUES LESS EXPENDITURES	$	155,334	
		
Bond Payments	(172,956)	
		
BALANCE	$	(17,622)	
		
County Appraiser & Tax Collector Fee	(5,888)	
Discounts For Early Payments	(11,775)	
		
EXCESS/ (SHORTFALL)	$	(35,285)	
		
Carryover From Prior Year	35,285	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	FISCAL YEAR 2024/2025
ACTUAL	FISCAL YEAR 2025/2026
BUDGET	FISCAL YEAR 2026/2027
BUDGET	

COMMENTS	
Administrative Assessments	86,921	87,234	88,895	Expenditures/.94	
Maintenance Assessments	29,204	25,984	21,494	Expenditures Less Interest & Carryover/.94	
Debt Assessments	183,996	183,996	183,996	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	10,216	1,200	1,320	Interest Projected At $110 Per Month	
TOTAL REVENUES	$	310,337	$	298,414	$	295,705		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance (SFH - 50)	7,609	6,130	6,130	No Change From 2025/2026 Budget	
Aquatic Maintenance (TH - 23)	0	1,630	1,630	No Change From 2025/2026 Budget	
Lawn Maintenance (SFH - 50)	18,633	22,500	22,500	No Change From 2025/2026 Budget	
Lawn Maintenance/Lake Tracts (TH - 23)	5,994	6,000	6,000	No Change From 2025/2026 Budget	
Lake Tract Shoreline Maintenance (SFH - 50)	0	900	900	No Change From 2025/2026 Budget	
Lake Tract Shoreline Maintenance (TH - 23)	0	480	480	No Change From 2025/2026 Budget	
Miscellaneous Maintenance Expenses (SFH - 50)	0	8,000	8,000	No Change From 2025/2026 Budget	
Miscellaneous Maintenance Expenses (TH - 23)	0	750	750	No Change From 2025/2026 Budget	
Misc Grounds Maintenance/Mulch/Fertilizer	6,970	3,800	3,800	No Change From 2025/2026 Budget	
Engineering/Inspections	1,770	1,600	1,600	No Change From 2025/2026 Budget	
Outside Janitorial Services (SFH - 50)	600	3,000	3,000	No Change From 2025/2026 Budget	
Maintenance Contingency	0	2,020	2,020	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	41,576	$	56,810	$	56,810		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,000	4,000	4,000	Supervisor Fees	
Payroll Taxes (Employer)	230	306	306	Supervisor Fees *7.65%	
Management	34,080	35,064	36,000	CPI Adjustment	
Secretarial & Field Operations	6,180	6,180	6,180	No Change From 2025/2026 Budget	
Legal	8,340	8,000	8,000	No Change From 2025/2026 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2025/2026 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount Of 2025/2026 Audit	
Insurance	6,858	7,400	7,900	Fiscal Year 2025/2026 Expenditure Was $7,269	
Legal Advertisements	1,945	2,700	2,600	$100 Decrease From 2025/2026 Budget	
Miscellaneous	1,288	1,300	1,300	No Change From 2025/2026 Budget	
Postage	129	250	250	No Change From 2025/2026 Budget	
Office Supplies	242	375	350	$25 Decrease From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	3,816	3,700	3,850	$150 Increase From 2025/2026 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
Administrative Contingency	0	700	700	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,033	$	82,000	$	83,561		
					
TOTAL EXPENDITURES	$	119,609	$	138,810	$	140,371		
					
REVENUES LESS EXPENDITURES	$	190,728	$	159,604	$	155,334		
					
Bond Payments	(175,559)	(172,956)	(172,956)	2027 P & I Payments Less Earned Interest	
					
BALANCE	$	15,169	$	(13,352)	$	(17,622)		
					
County Appraiser & Tax Collector Fee	(2,888)	(5,944)	(5,888)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(10,843)	(11,889)	(11,775)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	1,438	$	(31,185)	$	(35,285)		
					
Carryover From Prior Year	0	31,185	35,285	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	1,438	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	FISCAL YEAR 2024/2025 ACTUAL	FISCAL YEAR 2025/2026 BUDGET	FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	

Interest Income	
8,192	
1,100	
1,300	
Projected Interest For FY 2026/2027	

NAV Tax Collection	
175,559	
172,956	
172,956	
2027 P & I Payments Less Earned Interest	

Total Revenues	
$	183,751	
$	174,056	
$	174,256		

EXPENDITURES					

Principal Payments	
115,000	
120,000	
125,000	
Principal Payment Due In 2027	

Interest Payments	
60,613	
54,056	
49,256	
Interest Payments Due In 2027	

Total Expenditures	
$	175,613	
$	174,056	
$	174,256		

Excess/ (Shortfall)	
$	8,138	
$	-	
$	-		

Series 2013 Bond Refunding Information

Original Par Amount =	$2,595,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	1.375% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2013			
Maturity Date =

Par Amount As Of 1/1/26 =	May 2035

$1,415,000			

Page 13

Sausalito Bay Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	2026/2027	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative Assessment For Lot Size 23	$	191.69	$	195.74	$	200.91	$	203.35	$	207.22	
Maintenance Assessment For Lot Size 23	$	29.13	$	30.39	$	26.48	$	22.85	$	18.91	
Debt For Lot Size 23	 $	378.18	$	371.29	$	369.96	$	369.96	 $	369.96	
Total	$	599.00	$	597.42	$	597.35	$	596.16	$	596.09	

Administrative Assessment For Lot Size 50	$	191.69	$	195.74	$	200.91	$	203.35	$	207.22	
Maintenance Assessment For Lot Size 50	$	117.32	$	121.40	$	105.79	$	94.77	$	78.41	
Debt For Lot Size 50	 $	493.05	$	484.06	$	482.33	$	482.33	 $	482.33	
Total	$	802.06	$	801.20	$	789.03	$	780.45	$	767.96	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Twenty Three Foot Lots	204
Fifty Foot Lots	225
Total Units	429

2/21/2026 5:14 PM	IV

LAW Ol'FICF.
BILLING©COCHRAN
ESTABLISHED 1977

KENNETH W, MORGAN, JR, MICHAEL J. PAWELCZYK MANUEL R. COMRAS ANDREW A, RIEF
JEFFERY R, LAWLEY GINGER E. WALD SCOTT C. COCHRAN
ALINE 0, MARCANTONIO JOHN C. WEBBER

STEVEN f, BILLING (1947-1998)

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SVITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764-7150
(954) 764-7279 FAX

PGA NATIONAL OFFlCE CENTER
300 AVENUE OF THE Cl◄AMPIONS, SUITE 270 PI\LM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(56L) 659-6173 FAX

CHRISTINE A. BROWN GABRIELLA A, FERNANDEZ PEREZ
MARLENE E. GDIIIZALEZ LORI B. LEWELLEN L!ZA E. SMOKER LUCAS A. WILLIAMS
OF COUNSEL: CLARK J. COCHRAN, JR.
SUSAN F. DELEGAL OfcNNrs E. LYLE.S BRUCE M. RAMSEY

HAYWARD 0. GAY (1943-2007)			RICHARDT, WOULFE

WWW. BILLI NG COCH RAN. COM PLEASE REPLY TO: FORT LAUDERDALE

Febmary 2, 2026

VIA E-MAIL ONLY- nnguyen@sdsinc.org Ms. Nancy Nguyen
District Manager
Special District Services
8785 SW 165th Avenue, Suite 200
Miami FL 33193

Dear Nancy:

Re:	Adjustment to District Counsel Fee Structure Sausalito Bay Community Development District Our File: 531.03060

This firm's current fee structure has been in place since 2023. Although we are certainly mindful of the necessity to keep increases in the DistJict s expenses, including the cost of legal services, to a minimum, it has become necessary for us to adjust our hourly rates effective, October 1, 2026 as follows:

Attorneys/Partners:
Attorneys/Associates:

$300.00 per hour
$250.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District s budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U. S. Department of Labor.

Ms. Nancy Nguyen February 2, 2026
Page 2

Naturally should you feel you have any questions or require any fuither infonnation in support of this adjustment you should feel free to contact me at your convenience. As I think you are aware, we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional fees.

Michael J. . awelczyk For the
MJP/jmp
cc: Brielle Barba, SDS (via email only)