Coquina Shores Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.coquinashorescdd.com
February 19, 2026

Board of Supervisors Coquina Shores CDD
Call-in #: 1-877-304-9269; Code 3006875

Dear Board Members and Staff:

The Coquina Shores Community Development District Board of Supervisors Meeting is scheduled for Thursday, February 26, 2026 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center, 55 Town Center Boulevard, Palm Coast, Florida 32164.
Following is the agenda for the meeting:

	I.	Call to Order

	I.	Public Comment

	I.	Approval of Minutes of the January 15, 2026 Meeting

	I.	Consideration of First Amendment to Contract with S.E. Cline Construction Inc.

	I.	Consideration of Change Order Nos. 2 and 3 to S.E. Cline Contract

	I.	Ratification of S.E. Cline Pay Application No. 4
	II.	Staff Reports
	A.	District Counsel

	A.	District Engineer – Requisition Summary (to be provided under separate cover)

	A.	District Manager

	I.	Financial Reports
	A.	Financial Statements as of December 31, 2025

	A.	Check Register

	I.	Other Business
	II.	Supervisors’ Requests and Audience Comments

	I.	Next Scheduled Meeting – Thursday, March 19, 2026 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center

	I.	Adjournment

MINUTES
MINUTES OF MEETING
COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Coquina Shores Community Development District was held on Thursday, January 15, 2026 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center, 55 Town Center Boulevard, Palm Coast, Florida 32164.

Present and constituting a quorum were:

Blaz Kovacic	Chairman
Marcy McBride by phone	Vice Chair
Matthew Fossler	Supervisor
Bill Livingston	Supervisor
Brett North by phone	Supervisors

Also present were:

Jim Oliver	District Manager
Katie Buchanan by phone	District Counsel
Daniel Harvey	Governmental Management Services

The following is a summary of the discussions and actions taken at the January 15, 2026 meeting.
FIRST ORDER OF BUSINESS	Roll Call
Mr. Oliver called the meeting to order at 2:00 p.m.

SECOND ORDER OF BUSINESS	Public Comment
There being no members of the public present, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 20,
2025 Meeting
There were no revisions to the minutes.

January 15, 2026	Coquina Shores CDD

FOURTH ORDER OF BUSINESS	Consideration of Acquisition of Work
Product
Ms. Buchanan stated that the requisition totaling $1,308,848.21 represents the total value of what the District acquired. The invoices for the work product followed. Also included is a bill of sale that conveys ownership of all the work product.

FIFTH ORDER OF BUSINESS	Ratification of S.E. Cline Pay Application
Nos. 2 and 3
Copies of pay application two and three, totaling $86,379.68 and $85,439.50, were included in the agenda package for the Board’s review. Mr. Oliver noted the pay applications were processed between meetings.

SIXTH ORDER OF BUSINESS	Staff Reports
	A.	District Counsel
There being nothing to report, the next item followed.

	A.	District Engineer – Requisition Summary
Mr. Oliver presented the requisition summary including requisition numbers 1 through 5, together totaling $2,410,529.22.

	A.	District Manager
There being nothing to report, the next item followed.

SEVENTH ORDER OF BUSINESS	Financial Reports
	A.	Financial Statements as of November 30, 2025
January 15, 2026	Coquina Shores CDD

Copies of the financial statements were included in the agenda package for the Board’s review. Mr. Oliver noted a revised assessment receipts schedule was circulated.
	A.	Check Register
A copy of the check register totaling $8,611.59 was included in the agenda package for the Board’s review.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Supervisors’	Requests	and	Audience
Comments
Mr. Kovacic asked if the February meeting could be moved to February 26, 2026.
There were no objections from the other board members.

TENTH ORDER OF BUSINESS	Next	Scheduled	Meeting	–	Thursday,
February 26, 2026 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS
FIRST AMENDMENT TO
CONTRACT AGREEMENT

THIS FIRST AMENDMENT TO CONTRACT AGREEMENT FOR COQUINA
SHORES OFFSITE IMPROVEMENTS (“Amendment”) dated February 	, 2026, by and between COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT, whose address is 475 West Town Place, Suite 114, St Augustine, FL 32092 (hereinafter “Owner”) and S.E. CLINE CONSTRUCTION, INC., whose address is 18 Utility Drive, Palm Coast, FL 32135 (hereinafter “Contractor”).

RECITALS:

WHEREAS, JX Palm Coast Land, LLC, whose address is 201 East Las Olas Boulevard, Suite 1900, Fort Lauderdale, FL 33301 (“Developer”) and the Contractor entered into that certain Contract Agreement with an effective date of September 2, 2025 (“Contract”), and said Contract was concurrently assigned to the Developer, also on September 2, 2025;

WHEREAS, an amendment to the Contract must be by an instrument in writing and executed by both parties; and

WHEREAS, Owner and Contractor desire to amend certain provisions of the Contract pursuant to the terms and conditions set forth in this Amendment;

NOW, THEREFORE, in consideration of the mutual covenants of the parties set forth in this Amendment and other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

	1.	Recitals; Defined Terms. The above stated recitals are true and correct. All capitalized terms not defined herein shall be given the meanings ascribed thereto in the Contract.
	2.	Contract Agreement, EXHIBIT A: Work Schedule Agreement: The following are the amended provision under this Contract:
(3.0 / 3.1) The CONTRACT SCHEDULE provision in the Work Schedule Agreement to the Contract has an amended Government Acceptance Date: March 31, 2026.
(5.0 / 5.1) The CONTRACT PRICE provision in the Work Schedule Agreement to the Contract has an amended agreed Lump Sum Price of $1,411,146.43, per the Schedule “A” (Pricing Sheet), as attached to this Amendment.

	1.	Effects of Amendment. Except as modified in this Amendment, there are no changes to the Contract, and the Contract as herein modified remains in full force and effect as of the date hereof and is hereby ratified by the parties in all respects. The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of either party for any default under the Contract, nor constitute a waiver of any provision of the Contract. In the event of a conflict between the Contract and this Amendment, the terms of this Amendment shall control.
	1.	Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same Amendment. Facsimile transmission copies or copies executed and delivered via email of this Amendment shall constitute original execution documents for purposes of this Amendment.

[SIGNATURES ON FOLLOWING PAGE]

IN WITNESS WHEREOF, the parties have caused these presents to be executed, effective as of the First Amendment Effective Date.

WITNESS:	CONTRACTOR:
S.E. CLINE CONSTRUCTION, INC.

By: 	

Name: SCOTT SOWERS Title:	PRESIDENT

OWNER:
COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT

By: 	

Marcy McBride	Name: BLAZ KOVACIC Title: CHAIRMAN

FIFTH ORDER OF BUSINESS
S.E. Cline Construction, Inc.
P.O. Box 354425, Palm Coast, FL 32135
18 Utility Drive, Palm Coast, FL 32137 Phone: (386) 446-6426 Fax: (386) 446-6481

CHANGE ORDER REQUEST
DA'TE:	2/24/2026	CHANGE ORDER#:	2
PROJECT: Coquina Shores Olliste	JOB#:	1224
OWNER: Coquina Shores CDD
Revision to the original proposal and Scope of Work:
Plan Revisions per FDOT and City of Palm Coast

	QTY	U.O.M. 	 PRICE		 TOTAL		
1	Demo Sidewalk	1050	LF	$	31.00	$	32,550.00	
2	Install Lime Rock (Driveway Popeyes)	194	SY	$	24.80	$	4,811.20	
3	Install Asphalt (Driveway Popeyes)	1740	SF	$	7.10	$	12,354.00	
4	Install Pavement Markings for Driveway	1	LS	$  1,500.00	$	1,500.00	
5	Install Additional Fittings and ARV's	1	LS	$ 39,764.00	$	39,764.00	
6	Install Additional 8" Force Main Drill	10	LF	$	466.03	 $	4,660.30	
	Total	$	95,639.50			
1. Total price under the orignal Construction Agreement:		$ 1,470,151.33			
2. Previous Change Orders:		$	19,946.00			
3. This Change Order:		$	95,639.50			
4. Total price under the new Construction Agreement:		$ 1,585,736.83			

All other terms and conditions of the Construction Agreement referred to above shall remain unchanged.

OWNER

By:	_ Date:		_

CGC 061947
S.E. Cline Construction, Inc.
P.O. Box 354425, Palm Coast, FL 32135
18 Utility Drive, Palm Coast, FL 32137 Phone: (386) 446-6426 Fax: (386) 446-6481
CHANGE ORDER REQUEST
DATE:	2/24/2026	CHANGE ORDER#:	3

PROJECT: Coquina Shores Olfist(		JOB#:	1224		
OWNER: Coquina Shores COD					
Revision to the original proposal and Scope of Work:					
Per FDOT Plan Revisions.					
Un<lerruns Per Line Items	QTY	U.O.M.	PRICE	TOTAL	
1	Line Item 33 6" PVC Force Main	790	LF	$	(49.34)	$	(38,978.60)	
2	Line Item 40 16" PVC Reuse Main	680	LF	$	(97.41)	$	(66,238.80)	
3	Line Item 4,1 18" Reuse Main Drill	100	LF	$ (693.73)	$	(69,373.00)	

	Total	$	(174,590.40)	
1. Total price under the orignal Construction Agreement:		$ 1,470,151.33	
2. Previous Change Orders:		$	115,585.50	
3. This Change Order:		$	(174,590.40)	
4. Total price under the new Construction Agreement:		$ 1,411,146.43	

All other terms and conditions of the Consb·uction Agreement referred to above shall remain unchanged. CONTRACTOR	OWNER

By:	_ Date:		_

SIXTH ORDER OF BUSINESS
AIA Type Document
Application and Certification for Payment	Page 1 of 4

TO (OWNER):Coquina Shores COD
C/O Gov. Management Ser., LLC 475 W. Town Place, Ste 114
St. Augustine, FL 32092

FROM (CONTRACTOR): S. E. Cline Construction
P.0.Box 354425
18 Utility Drive
Palm Coast. FL 32135-4425

PROJECT: Coquina shores Offsite
6150 State Highway 100 E.
Cline Job #1224
Palm Coast, FL 32137 VIA (ARCHITECT):

APPLICATION NO: 4 PERIOD TO:1/31/2026

ARCHITECT'S PROJECT NO:
DISTRIBUTION TO:
OWNER ARCHITECT
CONTRACTOR

CONTRACT FOR:	CONTRACT DATE:
CONTRACTOR'S APPLICATION FOR PAYMENT
Application is made for Payment, as shown below, in connection with the Contract. Continuation Sheet, AIA Type Document is attached.

	1.	ORIGINAL CONTRACT SUM .................... $	1,-47-0,1-51.-33
	2.	Net Change by Change Orders	................ $	19_._94_6_.o_o
	3.	CONTRACT SUM TO DATE (Line 1? 2)........... $	1_,4_9_0,_0_97_.3_3
	4.	TOTAL COMPLETED AND STORED TO DATE ...... $	75-5,3-23.-88
	5.	RETAINAGE:
The Undersigned Contractor certifies that to the best of the Contractor's knowledge, information and belief the work covered by this application for Payment has been completed in accordance with the Contract Documents, that all amounts have been paid by the Contractor for Work for which previous Certificates for Payment were issued and payments received from the owner, and that
current payment shown herein is now due.

	a.	----'5"".""00:...% of Completed Work

		5=·=00=% of Stored Material
$ 	36_;_,0_3_4_.9_2

$	1-,73-1.3-0

County of: Flagler
Subscribed and Sworn to before me this

'3{j+'h
'

??:???(?o-?,e??,?
Total retainage (Llne Sa+ 5b) .....,..... , .. ,	, $	37_,_76_6_.2_2

	1.	TOTAL EARNED LESS RETAINAGE ....,. .. , ..... $	7_1_7,_55_7_.6_6
Notary Public:	.
My Commlssi	?
* "&-tJJ;:,.i:f.*	Commission#HH537636
???		ExpiresJune11,2028

(Line 4 less Line 5 Total)
	1.	LESS PREVIOUS CERTIFICATES FOR PAYMENT
(Line 6 from prior Certificate)	$	2_20_,_28_4_.4_4
	1.	CURRENT PAYMENT DUE . . . . . . ............... $	497,273.22
	2.	BALANCE TO FINISH, INCLUDING RETAINAGE
(Line 3 less Line 6)	$	772,539.67
ARCHIT	ATE FOR PAYMENT
In Accordance with the Contract Documents, based on on-site observations and the data com-prising the above application, the Architect certifies to owner that to the best of the Architect's knowledge, information and belief the Work has progressed as indicated.the quality of the work is in accordance with the Contract Documents, and the Contractor is entitled to payment of the AMOUNT CERTIFIED.

AMOUNT CERTIFIED...................,........... $"'----------
(A/lach explanation if amount certified differs from the amount applied. Initial all figures on this Application and on the Continuation Sheet /hat are changed to conform to the amount certified.)
ARCHITECT:
By:		 Date:		

This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor named herein. Issuance, Payment and acceptance of payment are without prejudice to any rights of the Owner or Contractor under this Contract.
AIA Type Document

	Application and Certification for Payment				Page 2 of 4						
TO (OWNER):Coquina Shores COD
C/0 Gov. Management Ser., LLC
475 W. Town Place, Ste 114		PROJECT: Coquina shores Offsite
6150 State Highway 100 E.
Cline Job #1224		APPLICATION NO: 4
PERIOD TO:1/31/2026	DISTRIBUTION TO:
OWNER						
		St. Augustine, FL 32092		Palm Coast, FL 32137				ARCHITECT			
									CONTRACTOR		
FROM (CONTRACTOR): S. E. Cline Construction		VIA (ARCHITECT):			ARCHITECT'S						
		P.O.Box 354425
18 Utility Drive					PROJECT NO:				
		Palm Coast, FL 32135-4425									

CONTRACT FOR:					
CONTRACT DATE:						
	
ITEM	
DESCRIPTION	SCHEDULE VALUE	PREVIOUS
APPLICATIONS	COMPLETED THIS PERIOD	STORED
MATERIAL	COMPLETED STORED	
	o/Q_	
BALANCE	
RETAINAGE	
		General Conditions	4,046.00	404.60	404.60	0.00	809.20	20.00	3,236.80	40.46	
2		NPDES Permit Compliance	0.00	0.00	0.00	0.00	0,00	0.00	0.00	0.00	
3		Survey & As-Built.s	21,756.83	2,610.82	0.00	0.00	2,610.82	12.00	19,146.01	130.54	
4		Erosion Control Monthly Monitoring
(6 Months)	6.426.00	0.00	963,90	0.00	963.90	15.00	5.462.10	48.20	
5		Sill Fence Type Ill (Regular)	6,628.30	0.00	0.00	0.00	0.00	0.00	6,628.30	'0.00	
6		Inlet Protection	1,190.00	0.00	0.00	0.00	0.00	0.00	1,190.00	0.00	
7		Maintenance of Traffic	18,445.00	5,533.50	0.00	0.00	5,533.50	30.00	12,911.50	276.68	
8		Demolition	58,099.20	0.00	0.00	0.00	0.00	0.00	58,099.20	0,00	
9		Selective Clearing	17,882.10	0.00	17,882.10	0.00	17,882.10	100.00	0.00	894.11	
10		Strip Topsoil	6,552.20	0.00	0.00	0.00	0.00	0.00	6,552.20	0,00	
11		Stockpile Topsoil Onsite	2,724.05	0.00	0.00	0.00	0.00	0.00	2,724.05	0,00	
12		Site cut	252.65	0.00	0,00	0.00	0,00	0.00	252.65	0.00	
13		Place & Compact Fill	17,609.99	0.00	0.00	0.00	0.00	0.00	17,609,99	0.00	
14		Purchase Fill Material	17,001.02	0.00	0.00	0.00	0.00	0,00	17,001.02	0.00	
15		Earthwork Denisty Testing	5,450.20	0.00	0.00	0.00	0.00	0.00	5,450.20	0.00	
16		Earthwork (Regrading Existing Ditches After Pipe)	3,310.00	0.00	1,655.00	0.00	1,655.00	50.00	1,655.00	82.75	
17		Flnal Dressout (One Time Only)	21,802.50	0.00	0,00	0.00	0.00	0.00	2'1,802.50	0.00	
18		Site Sod	62,857.50	0.00	0.00	0.00	0.00	0.00	62,857.50	0.00	
19		Subsoil Stabilization (Turn Lane)	23,609.60	0.00	0.00	0.00	0.00	0.00	2-3,609.60	0,00	
20		Subgrade for Sidewall<	9,941.75	0.00	0.00	0.00	0.00	0.00	9,941.75	0.00	
21		8'' Umerock (Turn Lane)	30,876.00	0.00	0.00	0.00	0,00	0.00	30,876.00	0.00	
AIA Type Document

				Applicatlon and Certification for Payment				Page 3 of 4			
TO (OWNER): Coquina Shores COD
C/O Gov. Management Ser., LLC		PROJECT: CoqUina shores Offsite
6150 State Highway 100•E.		APPLICATION NO: 4	DISTRIBUTION TO:						
		475 W. Town Place, Ste 114		Cline Job #1224		PERIOD TO:1/31/2026	OWNER				
		St. Augustlne, FL 32092		Palm Coast, FL 32137				ARCHITECT			
									CONTRACTOR		
FROM (CONTRACTOR): S. E. Cline Construction
P.O.Box 354425		VIA (ARCHITECT):			ARCHITECT'S PROJECT NO:						
		18 Utility Drive
Palm Coast. FL 32135-4425									

CONTRACT FOR:					
CONTRACT DATE:						
		SCHEDULE	PREVIOUS	COMPLETED	STORED	COMPLETED					
	ITEM	DESCRIPTION	VALUE	APPLICATIONS	THIS PERIOD	MATERIAL	STORED		3/o_	BALANCE	RETAINAGE	
22		1'' Asphalt Pavement SP9.5 (Turn Lane1st Lift)	13,234.35	0.00	0.00	0.00	0.00	0.00	13,234.35	0.00	
23		1" Asphalt Pavement SP9.5 (Turn Lane 2nd Lift)	13,321.50	0.00	0.00	0.00	0.00	0.00	13,321.50	0.00	
24		Prime Limerock	3,996.45	0.00	0.00	0.00	0,00	0,00	3,996.45	0.00	
25		Tack Coat	385.95	0.00	0.00	0.00	0.00	0.00	385.95	0.00	
26		Striping & Signs	21,686.70	0.00	0.00	0.00	0.00	0.00	21,686,70	0.00	
27		Sidewalks	74,202.50	0.00	0.00	0.00	0.00	0.00	74,202.50	0.00	
28		A.DA Handicxap Ramps	1,487.50	0.00	0.00	0.00	0.00	0.00	1,487.50	0.00	
29		A.DA Mats	3,332.00	0.00	0.00	0.00	0.00	0.00	3,332.00	0,00	
30		Railing (Allowance)	16,184.00	0,00	0.00	0.00	0.00	0.00	16,184.00	0.00	
31		19"x30" Mitered End Section	15,171.64	0.00	0.00	0.00	0.00	0.00	15,171.64	0.00	
32		19"x30" ERCP	52,664.96	1,579,95	0.00	34,625.96	36,205.91	68.75	16,459.05	1,810.30	
33		6" PVC DR18 Force Main	102,627.20	26,160.38	70,052.62	0.00	96,213.00	93.75	6,414.20	4,810.65	
34		8" HOPE Force Main Directional Drill	69,904.50	0.00	65,244.20	0.00	65,244.20	93.33	4,660,30	3,262.21	
35		10" HOPE Force Main Dircetronal Drill	40,061.50	0.00	0.00	0,00	0,00	0.00	40,061.50	0.00	
36		Force Main Fittings & Valves	62,865.43	8,17251	37;719.25	0.00	45,891.76	73.00	16,973.67	2,294.59	
37		12" DR18 PVC Waler Main	6,236.80	2,421.89	0.00	0.00	2,421.89	38.83	3,814.91	121,09	
38		6" DR18 PVC Water Main	2,557.60	222.39	0.00	0.00	222.39	8.70	2,335.21	11.12	
39		Water Main Fittfngs & Va)ves	34,673.47	12,950,02	0.00	0.00	12,950.02	37.35	21,723.45	647.50	
40		16" DR18 PVC Reuse Main	214,302.00	56,114.90	133,834.60	0.00	189,949.50	88.64	24,352.50	9,497.48	
41		18" HOPE Reuse Main Djrcetionat Drill	208,149.00	0.00	124,871.40	0.00	124,871.40	5.9.99	83.277 60	6,243.57	
AIA Type Document
Application and Certification for Payment	Page 4 of 4
TO (OWNER): Coquina Shores CDD
C/0 Gov. Management Ser., LLC
475 W, Town Place, Ste 114
St. Augustine, FL 32092

PROJECT: Coquina shores Offsite
6150 State Highway 100 E.
Cline Job #1224
Palm Coast, FL 32137

APPLICATION NO: 4 PERIOD TO:1/31/2026
DISTRIBUTION TO:
OWNER
_ARCHITECT
_ CONTRACTOR
FROM (CONTRACTOR): S. E. Cline Construction
P.0.Box 354425
18 Utility Drive
Palm Coast, FL 32135-4425
VIA (ARCHITECT):	ARCHITECT'S
PROJECT NO:

CONTRACT FOR:	CONTRACT DATE:

ITEM	
DESCRIPTION	SCHEDULE VALUE	PREVIOUS APPLICATIONS	COMPLETED THIS PERIOD	STORED MATERIAL	COMPLETED STORED	
_¼	
 	BALANCE	RETAINAGE		
42	Reuse Main FJttings & Valves	174,522.39	94,699.92	36,191.87	0.00	130,891.79	75.00	43,630.60	6,544.59		
43	Mobilization	2,123.00	1,061.50	0.00	0.00	1,061.50	50.00	1,061.50	53.08		
Change Order #1										
44	Bond and Additional Admin Fees	19,946.00	19,946.00	0.00	0.00	19,946.00	100.00	0.00	997.30	
	REPORT TOTALS	$1,490,097.33	$231,878.38	$488,819.54	$34,625.96	$755,323.88	50.69	$734,773,45	$37,766.22	

This Instrument Prepared By:
S.E. Cline Construction, Inc.
P.O. Box 354425
18 Utility Dr. Palm Coast, FL 32137

WAIVER AND RELEASE OF LIEN UPON PROGRESS PAYMENT

The undersigned lienor, in consideration of the sum of $497.273.?2, hereby waives and releases its lien and right to claim a lien for labor, services or materials furnished through
January 31st, 2026, to Coguina Shores Community Development District C/O Gov. Management Ser., LLC on the following described property:

Coquina Shores Off-Site Improvements
6150 State Highway JOO East
Palm Coast, FL 32137
This Waiver and release does not cover any retention or labor, services, or materials furnished after the date specified.
DATED on January 30th 2026

S.E. Cline Construction, Inc. 18 Utility Drive

??	
EricRush,ice President

STATE OF FLORIDA COUNTY OF FLAGLER

The foregoing instrument was acknowledged before me by means of ?hysical presence or D online notarization, this 30th day of January . 2026, by Eric Rush as Vice President for S.E. Cline Constructio? Inc.

?	OR Produced Identification 	
o""tl':?-??8t?	JAMIEWRIGHT
*	Commission#HH537636
.L_...4'--IM_..L-.!........!?--.v?' :..t./.).L?Ul.,??'--"'  .		??t.i'j	?"	Expires June11,202a
?	?Off\.c,'!'

NOTE: This release is conditioned upon clearance of the check tendered by S.E. Cline Constn1ciion, inc. in payment of the amount stated herein. If collected funds are not received by lienor upon deposit of the check tendered, this
Waiver and Release is null and void.

A QWDC!REll'E® Q;@M!PAfl!V

INVOICE	Page No. ·1 of 2		I	INVOICE NO.	I

Continued On Next Page

THISMATERIAL SHIPPED	nlf'll(ER MATERIALS
FROMPLANT NUMBER: 6210  1285 LUCERNELOOP noNE
WINTER HAVEN FL 33001
Tel: (BG3)401-li000	Fo.:(000)000-0000	SUB-TOTAi.. ?	
32,666.00
	•	1,959.96

34,625.96	
	TAX	I>		
This invoice incorj?orates herein by reference Buyer's previously executed Credit Application, If any, Seller's Standard Terms and Conditions (available at: https://www.rinl(eroipe.com/terms/), Seller's Quotation, if any, and Seller's Order Confirmation (including limitations of warranties) as fully set forth on this invoice {as amended, modified, supplemented, restated and/or supplemented, restated and/or replaced hy mutual written Agreement).
Buyer i,grees that, unless otherwise noted herein all quantities and items were delivered as indicated and further expressly agrees to pay in
accordance with this Agreement. Interest shall accrue on..,late-paym-ent-s.	

INVOICE TOTAL t>		
	·
USO DOLLARS	PLEASE PAY FROM T!-11S INVOICE	
Application I Certificate for Progress Payment

Project Title: Coquina Shores Offsite Improvements Purchase Order No.:
Progress Payment No.:	4
Job#	1224
For Period Ending· 1/31/2026
Application I Certificate for Progress Payment

Project Title: Coquina Shores Offsite Improvements Purchase Order No.:
Progress Payment No.:	4
Job#	1224
For Period Ending: 1/31/2026

EIGHTH ORDER OF BUSINESS

A.

Coquina Shores
Community Development District

Unaudited Financial Reporting
December 31, 2025
Table of Contents

	Balance Sheet

	General Fund Income Statement

	Month to Month

	Debt Service Series 2025

	Capital Project Series 2025

	Construction Schedule

	Long Term Debt Report

	Assessment Receipt Schedule

	Check Register
Coquina Shores
Community Development District Combined Balance Sheet December 31, 2025

Assets:
Cash:
Operating Account	

$	120,888	

$	-	

$	

-		

$	-		

$	

120,888		
Due from Developer	-	-			-		-		-		
Due from General Fund	-	88,630			-		-		88,630		

Series 2022
Reserve		

-	

135,915	

-	

-	

135,915					
Interest		-	43	-	-	43					
Revenue		-	-	-	-	-					
Construction		-	-	-	1,178,247	1,178,247					
Cost of Issuance Prepaid Expenses	
-	-	-
-	-
-	12,942
-	12,942
-					
Total Assets	$	120,888	$	224,588	$	-	$	1,191,189	$	1,536,665					

Liabilities:
Accounts Payable	

$	14,694	

$	

-	$	

-	$	

-	$	

14,694					
FICA Payable	-		-	-	-	-					
Due to Debt Service Due to General Fund	88,630		-	-	-	88,630					
Total Liabilites	$	103,324	$	-	$	-	$	-		$	103,324	

Fund Balance:
Nonspendable: Prepaid Items
Restricted for:	

$	

-	

$	

-	

$	

-	

$	-	

$	

-		
Debt Service	-	224,588			-	224,588					
Capital Project					-	1,191,189	1,191,189					
Unassigned	17,563	-			-	-	17,563					
Total Fund Balances	$	17,563	$	224,588	$	-	$	1,191,189	$	1,433,341					
											
Total Liabilities & Fund Balance	$	120,888	$	224,588	$	-	$	1,191,189	$	1,536,665					
Coquina Shores
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues:					
Special Assessments	$	182,962	$	40,124	$	40,124	$	-	
Developer Contributions	-	-	9,006	9,006	
Interest Income	-	-	-	-	
Total Revenues	$	182,962	$	40,124	$	49,130	$	9,006	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	3,000	$	200	$	2,800	
FICA Expense	918	-	230	15	214	
Engineering	12,000	3,000	11,345	(8,345)	
Attorney	25,000	6,250	2,684	3,566	
Annual Audit	3,300	-	-	-	
Assessment Administration	7,500	-	-	-	
Arbitrage	600	-	-	-	
Dissemination Agent	7,500	1,875	1,250	625	
Trustee Fees	4,600	-	-	-	
Management Fees	47,250	11,813	11,813	-	
Information Technology	2,003	501	501	-	
Website Maintenance	1,336	334	334	-	
Telephone	500	125	31	94	
Postage & Delivery	1,500	375	5	370	
General Liability and Public Officials Insurance	5,500	5,500	5,512	(12)	
Printing & Binding	1,200	300	162	138	
Legal Advertising	5,000	1,250	191	1,059	
Other Current Charges	4,080	1,020	1,470	(450)	
Office Supplies	1,000	250	0	250	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	142,962	$	35,997	$	35,688	$	309	

Operations & Maintenance					
Operation and Maintenance	$	40,000	$	-	$	-	$	-	
Total Operations & Maintenance	$	40,000	$	-	$	-	$	-	
					
Total Expenditures	$	182,962	$	35,997	$	35,688	$	309	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	13,442		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-	$	-	$	13,442	$	-	
					
Fund Balance - Beginning	$	-		$	4,121		
					
Fund Balance - Ending	$	-		$	17,563		
Coquina Shores
Community Development District Month to Month

Revenues:

Special Assessments	$	-	$	40,124  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	40,124			
Developer Contributions Interest Income	5,512
-	3,494
-	-	-	-	-	-	-	-	-	-	-	9,006
-	-	-	-	-	-	-	-	-	-	-		
Total Revenues	$	5,512	$	43,618	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	49,130	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	-	$	-	$	200	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	200	
FICA Expense	-	-	15	-	-	-	-	-	-	-	-	-	15	
Engineering	2,269	6,884	2,193	-	-	-	-	-	-	-	-	-	11,345	
Attorney	-	-	2,684	-	-	-	-	-	-	-	-	-	2,684	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	-	625	625	-	-	-	-	-	-	-	-	-	1,250	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	3,938	3,938	3,938	-	-	-	-	-	-	-	-	-	11,813	
Information Technology	167	167	167	-	-	-	-	-	-	-	-	-	501	
Website Maintenance	111	111	111	-	-	-	-	-	-	-	-	-	334	
Telephone	18	-	13	-	-	-	-	-	-	-	-	-	31	
Postage & Delivery	2	2	1	-	-	-	-	-	-	-	-	-	5	
General Liability and Public Officials Insurance	5,512	-	-	-	-	-	-	-	-	-	-	-	5,512	
Printing & Binding	30	42	90	-	-	-	-	-	-	-	-	-	162	
Legal Advertising	132	30	30	-	-	-	-	-	-	-	-	-	191	
Other Current Charges	82	1,348	40	-	-	-	-	-	-	-	-	-	1,470	
Office Supplies	0	0	0	-	-	-	-	-	-	-	-	-	0	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	12,435	$	13,147	$	10,106	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	35,688	

Operation and Maintenance					

Operation and Maintenance	$	-	$	-	$	-		$	-	$	-	$	-	$	-	$	-		$	-	$	-	$	-	$	-	$	-	
Total Operation and Maintenance	$	-	$	-	$	-  $	-	$	-	$	-	$	-	$	-		$	-	$	-	$	-	$	-	$	-		

Coquina Shores
Community Development District Debt Service Fund Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

	Proposed	Prorated Budget	Actual		
	Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	186,120	$	-	$	-	$	-	
Special Assessments -Direct Bill	270,666	88,630	88,630		
Interest Income	-	-	625	625	
Total Revenues	$	456,786	$	88,630	$	89,255	$	625	

Expenditures:					
Interest -11/01	$	18,177	$	18,177	$	18,177	$	-	
Interest - 5/01	105,541	-	-	-	
Principal - 5/01	55,000	-	-	-	
Total Expenditures	$	178,718	$	18,177	$	18,177	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	278,068	$	70,453	$	71,078	$	625	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Bonds Proceeds	-	-	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	278,068	$	70,453	$	71,078	$	625	
					
Fund Balance - Beginning	$	-		$	153,510		
					
Fund Balance - Ending	$	278,068		$	224,588		
Coquina Shores
Community Development District Capital Projects Fund Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Revenue Bonds, Series 2025
Construction Account

10/31/25	1	JX Palm Coast Land LLC	Wetland Mitigation/Gopher Relocation	$	881,396.87	
12/23/25	2	JX Palm Coast Land LLC	Phase I Infrastructure Improvements	1,308,848.21	
12/12/25	3	S. E. Cline Construction	Choquina Shores Offsite Application #1	48,464.78	
1/9/26	4	S. E. Cline Construction	Choquina Shores Offsite Application #2	86,379.86	
1/9/26	5	S. E. Cline Construction	Choquina Shores Offsite Application #3	854,439.80	

TOTAL		$	3,179,529.52	
	
Project (Construction) Fund at 9/30/25	
$	3,404,190.32	
	Interest Earned and Transfer thru 12/31/25	12,766.88	
	Transfer from COI	-	
	Transfer from Debt Service	-	
	Outstanding Requistions	940,819.66	
	Requisitons Paid thru 09/30/25	(3,179,529.52)	

Remaining Project (Construction) Fund	$	1,178,247.34	
Coquina Shores
Community Development District Long Term Debt Report

Series 2025, Special Assessment Revenue Bonds		

Interest Rate:	
4.250-5.700%	
Maturity Date:	5/1/2055	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement:	$135,333	
Reserve Fund Balance	135,915	
Bonds Outstanding -	$3,865,000	
Less: Principal Payment - 12/15/23	$0	
		
Current Bonds Outstanding	$3,865,000	
COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2026 Assessments Receipts Summary

ASSESSED	
# O&M UNITS ASSESSED	
SERIES 2025 DEBT ASSESSED	
FY26 O&M ASSESSED	
TOTAL ASSESSED	
JX PALM COAST LAND LLC	427	177,260.00	80,248.97	257,508.97	
PULTE	223	93,406.25	102,713.03	196,119.28	
TOTAL DIRECT INVOICES (1)(2)	650	270,666.25	182,962.00	453,628.25	

ASSESSED REVENUE TAX ROLL	
0	
-	
-	
-	
TOTAL NET ASSESSMENTS	650	364,072.50	182,962.00	453,628.25	

DUE/RECEIVED	
BALANCE DUE	SERIES 2025 DEBT
RECEIVED (2)	
O&M RECEIVED	
TOTAL RECEIVED		
JX PALM COAST LAND LLC	128,754.49		88,630.00	40,124.48	128,754.48	
PULTE	49,029.81		70,054.69	77,034.78	147,089.47	
TOTAL DIRECT INVOICES (1)(2)	177,784.30		158,684.69	117,159.26	275,843.95	

ASSESSED REVENUE TAX ROLL		
-	
-	
-	
-	
TOTAL NET ASSESSMENTS	177,784.30		317,369.38	117,159.26	275,843.95	
	1.	Assessments for bulk lands are due: 65% due 4/1/26 and 40% due 9/30/26
	2.	O&M is due 25% by 10/15/25, 1/1/26, 41/1/26, 7/1/26

B.
Coquina Shores
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2025
Check Register

	Date	check #'s		Amount		

12/03/25		
81	
$		
29.60	
12/04/25		82			658.53	
12/08/25		83-86			$17,565.53	
		SUBTOTAL			$18,253.66	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/28/26	PAGE	1
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	COQUINA SHORES - GENERAL FUND
BANK A COQUINA SHORES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/03/25 00004 11/12/25 7454557	202511 310-51300-48000	*	29.60
11/12 NTC OF MTG#11816348
GANNET MEDIA CORP	29.60 000081
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/04/25 00003 10/31/25 3644767	202509 310-51300-31500	*	658.53
AUG/SEP GENERAL COUNSEL

OFFICE SUPPLIES
11/01/25 30	202511 310-51300-42000	*	2.22
POSTAGE
11/01/25 30	202511 310-51300-42500	*	42.00
COPIES
11/01/25 30	202511 310-51300-49000	*	317.50
AUG AMEX-HILTON GARDEN
11/01/25 30	202511 310-51300-49000	*	317.50
SEP AMEX-HILTON GARDEN
GOVERNMENTAL MANAGEMENT SRVCS LLC	5,520.06 000083
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
31	202512 310-51300-34000	*	3,937.50
DEC MANAGEMENT FEES
31	202512 310-51300-35300	*	111.33
DEC WEBSITE ADMIN
31	202512 310-51300-35100	*	166.92
DEC INFO TECH
31	202512 310-51300-31300	*	625.00
DEC DISSEM AGENT SRVCS
31	202512 310-51300-51000	*	.03
OFFICE SUPPLIES
31	202512 310-51300-42000	*	.74
POSTAGE
31	202512
COPIES
31	202512
TELEPHONE
GOVERNMENTAL MANAGEMENT SRVCS LLC	4,944.45 000084
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
COQS COQUINA SHORES TLEE
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/28/26	PAGE	2
*** CHECK DATES 12/01/2025 - 12/31/2025 ***	COQUINA SHORES - GENERAL FUND
BANK A COQUINA SHORES CDD

OCT WEBSITE ADMIN

AUG/SEP GENERAL COUNSEL
2,835.00

COQS COQUINA SHORES TLEE

LocaliQ
Florida
GANNETT	ACCOUNT NAME
Coqu!na Shores CDD	ACCOUNT#
1268464	INVDATE
11/30/25	
	INVOICE#
0007454557	INVOICE PERIOD Nov 1- Nov 30, 2025	CURRENT INVOICE TOTAL
$29.60	
	PREPAY
(Memo Info)
$0.00	UNAPPLIED
(Included in amt due)
$0.00	TOTAL CASH AMT DUE*

$29.60	
BILLING ACCOUNT NAME AND ADDRESS

Coquina Shores CDD 475WTownPL#114
St Augustine, FL 32092-3649	PAYMENT DUE DATE: DECEMBER 31, 2025

Legal Entity: Gannett Media Corp.
Terms and Conditions: Past due accounts are subject to Interest at the rate of 18% per annum or the maximum legal rate (whichever Is less). Advertiser claims for a credit related to rates Incorrectly Invoiced or paid must be submitted In writing to Publisher within 30 days of the Invoice date or the claim will be waived. Any credit towards future advertising must be used within 30 days of Issuance or the credit will be forfeited.
All funds payable In US dollars.			
BILLING INQUIRIES/ADDRESS CHANGES 1-877-736-7612 or smb@ccc.gannett.com	FEDERAL ID 47-2390983			
Save A Tree! Gannett is going paperless. Enjoy the convenience of accessing your billing information anytime and pay online. To
avoid missing an invoice, sign up today by going to https://gcil.my.site.com/financlalservlcesportal/s/.				
Date	Description	Amount
11/1/25
11/25/25
Balance Forward PAYMENT-THANK YOU
$131.65
-$131.65

Package Advertising:
Start-End Date Order Number	Product	Description	PO Number	Package Cost	
11/12/25 11816348	DTB Flagler/ Palm Coast News Tribune	NOTICE OF MEETING		$29.60	

As an incentive for customers, we provide a discount off the total invoice cost equal to the 3.99% service fee If you pay with Cash/Check/ACH. Pay by Cash/Check/ACH and SaveI
Tota! Cash Amount Due Service Fee 3.99%
•cash/Check/ACH Discount
*Payment Amount by Cash/Check/ACH Payment Amount by Credit Card
$29.60
$1.18
-$1.18
$29.60
$30.78

PLEASE DETACH AND RETURN THIS PORTION WITH YOUR PAYMENT
ACCOUNT NAME
Coqulna Shores COD	ACCOUNT NUMBER
1268464	INVOICE NUMBER
0007454557	AMOUNT PAID
<I::2.,q r.:0				
CURRENT DUE
$29.60	30DAYS PAST DUE
$0.00	60 DAYS PAST DUE
$0.00	90DAYS
PAST DUE
$0.00	lZO+DAYS PAST DUE
$0.00	UNAPPLIED PAYMENTS
$0.00	TOTAL CASH AMT DUE*
$29.60	
REMITTANCE ADDRESS (Include Account# & Invoice# on check)

Gannett Florida LocaliQ PO Box 631244
Cincinnati, OH 45263-1244	TO PAY BY PHONE PLEASE CALL:
1-877-736-7612	TOTAL CREDIT CARD AMT DUE
$30.78					
	
To sign up for E-mailed invoices and online payments please go to https://gcil.my.site.wmLfinandalser_vicesportal/s/						
□□□1268464□□□□□□□□□□□□□7454557□□□□296067175
nm: FLA?J?t;:R/PALtrf.CoA,!f't'
PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION

Coquina Shores CDD
475WTownPL#ll4
St Augustine FL 32092-3649

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she Is the Legal Coordinator of The Flagler/Palm Coast NEWS-TRIBUNE, published in Flagler County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Flagler County, Florida, or In a newspaper by print In the Issues of, on:

DTB news•journalonline.com 11/12/2025 DTB Palm Coast News Tribune 11/12/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter SO, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 11/12/2025

 	
My commission expires
NOTICE or MEETING OF THE BOARD OF SUPERVISORS OF THE COQUINA SHORES COMMUNITY DEVl:LOPMENT DISTRICT
The Board of supervisors ("Board") of the Coqulna Shorei. Community Development District wlll hold a regular meeting on Thursday, November 20, 20261 at 2:00 p.m. at the Hilton Garden Inn Palm Coast 'fown Center located at 65 Town Center Boulevard, Palm Coast, Flodda 32164, The purpose of the meeting is to review monthly finan-cial reports, staff reports, and to conduct any other business that may come before the Board. A copy
of the agenda mar be obtained
from Governrnenta Management Services, LLC, 475 West Town Place, Suite 1141 st. Augustlne1 Florida 32092,  Ph:  (904)  940-6860
("Ol$trlct Manager's Office"}.
The tneetfng is open to the pubHc and wllf be conducted ln accor-dance with the provisions of Florida law. The meeting may be continued to a date, tlme1 and place to be specified on the record at meeting. There may be occasions when Board Supervisors or District Staff wlll participate by speaker tele-phone,
Any  person  requiring  special
accommodations at this meeting because of a disability or physlcal Impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech Impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) /
1-800-955-8770 {Voice}, for aid in contacting the District Manager's Office,
A person who decides to appeal any decision made by the Board with reSP.ect to any matter consid? ered at the meeting is advised that
this .same person will need a record of	the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings Is made, lni;;ludlng the testimony and evidence upon which the appeal is to be based, Jim Oliver
District Manager
	1181B34811/12/20251X			
Publication Cost:	$29.60			
TaxAmounl:	$0.00			
Payment Cost:	$29.60			
Order No:	11816348	# of Copies:		
Customer No:	1268464	0		
PO#:				
THIS IS NOT AN INVOICE!
Please do 110! use tl,isformforpa,wnent remiflance.

Page 1 of 1
KUTAK  ROCK  LLP TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

October 31, 2025
Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

Reference: Invoice No. 3644767 Client Matter No. 44223-1
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver Coquina Shores CDD
C/O Governmental Management Services Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3644767
44223-1

Re:	General Counsel
For Professional Legal Services Rendered

08/13/25	K. Haber	0.40	102.00	Correspond with Hogge regarding
appropriation	and	assessment resolutions; correspond with Oliver	

08/17/25	
K. Haber	
0.20	
51.00	regarding the same
Correspond with Oliver and Hogge	
				regarding funding agreement	
08/20/25	K. Haber	0.50	127.50	Revise	assessment	resolution;
correspond with Oliver, Hogge, and	
				Fulks regarding same	
08/21/25	K. Buchanan	0.50	175.00	Prepare for and attend board meeting	
09/06/25	L. Whelan	0.10	33.00	Review effect of legislative changes
on District Rules of Procedure and	
				prepare proposed revisions regarding	
				same	

TOTAL HOURS	1.70
KUTAK ROCK LLP
Coquina Shores CDD			
October 31, 2025
Client Matter No. 44223-1			
Invoice No. 3644767			
Page 2			
TOTAL FOR SERVICES RENDERED		$488.50	
DISBURSEMENTS			
Meals	2.38		
Travel Expenses	167.65		
TOTAL DISBURSEMENTS		170.03	
TOTAL CURRENT AMOUNT DUE		$658.53	
Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Bill To:
Coquina Shores COD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice

Invoice #: 30
Invoice Date: 11/1/25
Due Date: 11/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - November 2025 Website Administration - November 2025 Information Technology - November 2025
Dissemination Agent Services - November 2025 Office Supplies
Postage Copies
AMEX Charge 8/22/25 - Hilton Garden Inn
AMEX Charge 10/2/25 - Hilton Garden Inn		3,937.50
111.33
166.92
625.00
0.09
2.22
42.00
317.50
317.50	3,937.50
111.33
166.92
625.00
0.09
2.22
42.00
317.50
317.50	
Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092
Invoice

Bill To:
Coquina Shores CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice#: 31
Invoice Date: 12/1/25
Due Date: 12/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - December 2025 Website Administration - December 2025 Information Technology - December 2025
Dissemination Agent Services - December 2025 Office Supplies
Postage Copies Telephone

		3,937.50
111.33
166.92
625.00
0.03
0.74
90.15
12.78	3,937.50
111.33
166.92
625.00
0.03
0.74
90.15
12.78	
Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Bill To:
Coquina Shores COD 475 West Town Place Suite i 14
St. Augustine, FL 32092
Invoice

Invoice #: 29 Invoice Date: 10/1/25
Due Date: 10/1/25 Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - October 2025 Website Administration - October 2025 Information Technology - October 2025 Office Supplies
Postage Copies Telephone		3,937.50
111.33
166.92
0.09
2.22
30.00
17.96	3,937.50
111.33
166.92
0.09
2.22
30.00
17.96	
KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

November 12, 2025

Mr. Jim Oliver Coquina Shores CDD
C/O Governmental Management Services Suite 114
475 West Town Place St. Augustine, FL 32092
Check Remit To: Kutak Rock LLP POBox30057
Omaha, NE 68103-1157

Reference: Invoice No. 3655530 Client Matter No. 44223-1
Notification Email: eftgroup@kutakrock.com

Invoice No. 3655530
44223-1

Re:	General Counsel
For Professional Legal Services Rendered

08/07/25	K. Buchanan	3.00	1,050.00	Prepare bond documents		
09/04/25	K. Buchanan	0.30	105.00	Confer	with	chair	regarding	

09/19/25	
K. Buchanan	
0.30	
105.00	construction contract requirements
Review open items		
09/25/25	K. Buchanan	4.50	1,575.00	Prepare for and attend board meeting		

TOTAL HOURS	8.10
TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE
$2,835.00
$2.835.00

PRNILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT