Pier Park Community Development District

Board of Supervisors Meeting August 5, 2026

District Office:
120 Richard Jackson Blvd, Suite 220 Panama City Beach, Florida 32407 850-334-9055

www.pierparkcdd.org

PIER PARK
COMMUNITY DEVELOPMENT DISTRICT
600 Pier Park Dr., Suite 125, Panama City Beach, FL 32413

District Board of Supervisors   Nadine Beavers	Chairman
Marek Bakun	Vice Chairman
Chris Tilley, Jr.	Assistant Secretary	
Martin Horak Nancy Luther	Assistant Secretary Assistant Secretary	
District Manager	Stephanie DeLuna	Rizzetta & Company, Inc.	
District Counsel	Joseph Brown	Kutak Rock LLP	
District Engineer	Robert Carroll	McNeil Carroll Engineering, Inc.	

All cellular phones must be placed on mute while in the meeting room.

The Public Comment portion of the agenda is where individuals may make comments on any matters that concern the District. Individuals are limited to a total of three (3) minutes to make comments during this time.
Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (850) 334-9055. 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), who can aid you in contacting the District Office.
A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is advised that 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 including the testimony and evidence upon which the appeal is to be based.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
District Office  120 Richard Jackson Blvd, Suite 220, Panama City Beach, FL 32407 Mailing Address  3434 Colwell Avenue, Suite 200, Tampa, FL 33614 www.PierParkCDD.org

Board of Supervisors	July 29, 2026
Pier Park Community Development District

FINAL AGENDA
Dear Board Members:
The meeting of the Board of Supervisors of the Pier Park Community Development District will be held on August 5, 2026, at 1:00 p.m. (CT) at the Simon Management Office located at 600 Pier Park Dr., Suite 125, Panama City Beach, FL 32413. The following is the agenda for this meeting:
CALL TO ORDER/ROLL CALL
AUDIENCE COMMENTS ON AGENDA ITEMS
BUSINESS ADMINISTRATION
Discussion of New Board of Supervisors
Consideration of the Minutes of the Board of Supervisors Meeting
Held on May 20, 2026	Tab 1
Ratification of Operation and Maintenance Expenditures
for the Months April – May 2026	Tab 2
BUSINESS ITEMS
Discussion of Conversion of Pier Park Drive
Discussion of Landscape Quotes
Discussion of Street Lights	Tab 3
Discussion of Insurance Renewal
Consideration of Resolution 2026-06, Adopting FY 26-27
Meeting Schedule	Tab 4
Public Hearing on Fiscal Year 2026/2027 Final Budget
Consideration of Resolution 2026-07, Adopting FY 26-27
Final Budget	Tab 5
Public Hearing on Fiscal Year 2026/2027 Special Assessments
Consideration of Resolution 2026-08, Imposing Special
Assessments	Tab 6
STAFF REPORTS
District Counsel
District Engineer
Property Manager
District Manager
Presentation of District Manager Report
SUPERVISOR REQUESTS AND COMMENTS
ADJOURNMENT
We look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call us at (407) 472-2471.
Very truly yours, Stephanie DeLuna Stephanie DeLuna

Tab 1

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 1

1	MINUTES OF MEETING
2
Each person who decides to appeal any decision made by the Board with respect to
any matter considered at the meeting is advised that the person may need to ensure
that a verbatim record of the proceedings is made, including the testimony and
evidence upon which such appeal is to be based.
7
8	PIER PARK
9	COMMUNITY DEVELOPMENT DISTRICT
10
The regular meeting of the Board of Supervisors for Pier Park Community Development District
was held on May 20, 2026, at 2:00 p.m. (CT) at the Simon Management Office located at
600 Pier Park Dr., Suite 125, Panama City Beach, FL 32413.
14

15  Present:
16
Nadine Beavers
Marek Bakun
Nancy Luther
20
21	Chris Tilley Jr.
22	Martin Horak
23
24  Also present were:
25
26	Stephanie Deluna
27	Denise Hartzell
28	James Snowden
29	Wes Haber
30
31	Audience
32
33  FIRST ORDER OF BUSINESS
34

Board Supervisor, Chairman Board Supervisor, Vice Chairman
Board Supervisor, Assistant Secretary
(Sworn in during meeting)
Board Supervisor, Assistant Secretary Board Supervisor, Assistant Secretary

District Manager, Rizzetta & Company, Inc. District Staff, Rizzetta & Company, Inc.
Property Manager, Swimm Group District Counsel, Kutak Rock

Present
Call to Order

35	Ms. Deluna called the meeting to order at 2:00 p.m. (CT) and conducted roll call,
36  confirming a quorum for the meeting.
37

38  SECOND ORDER OF BUSINESS
39

Audience Comments

40	There were no audience comments.
41
THIRD ORDER OF BUSINESS	Consideration of Minutes of the Board of
Supervisors Meeting Held on November
17, 2025
45
Ms. Deluna presented the minutes and asked the Members of the Board if there were
any questions or revisions needed. There were no requested revisions.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 2

On a Motion by Mr. Bakun, seconded by Mr. Horak, with all in favor, the Board approved the Minutes for the BOS Meeting held on November 17, 2025, for Pier Park Community Development District.

48

49
FOURTH ORDER OF BUSINESS	Consideration of Minutes of the
Landowners Meeting Held November 17,
2025
53
Ms. Deluna presented the minutes and asked the Members of the Board if there were
any questions or revisions needed. There were no requested revisions.

On a Motion by Mr. Bakun, seconded by Mr. Horak, with all in favor, the Board approved the Minutes for the Landowner Meeting held on November 17, 2025, for Pier Park Community Development District.

56

57
FIFTH ORDER OF BUSINESS	Ratification of Operation and Maintenance
Expenditures for the Months of October
2025 - March 2026
61
Ms. Deluna reviewed the Operation and Maintenance Expenditures for the Months of
October 2025 - March 2026 with the Members of the Board and asked if there were any
questions.
65
66	There were no questions at this time.

On a Motion by Mr. Bakun, seconded by Mr. Horak, with all in favor, the Board ratified Operation and Maintenance Expenditures for October 2025 ($44,780.97), November 2025 ($29,680.66), December 2025 ($69,939.37), January 2026 ($50,117.56), February 2026 ($12,021.01), and March 2026 ($36,506.20) for Pier Park Community Development District.

67

68
SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-03,
Canvassing & Certifying Results of LO
Election
72
Ms. Deluna reviewed the Resolution with the Board and asked if there were any
questions. There were no questions.

On a Motion by Mr. Bakun, seconded by Mr. Tilly Jr., with all in favor, the Board adopted Resolution 2026-03, Canvassing & Certifying Results of LO Election, for Pier Park Community Development District

75

76
SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-04,
Designating Officers
79
80	Ms. Deluna reviewed the Resolution with the Board and asked if there were any

81  questions. There were no questions.
82

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 3

83	Ms. Deluna swore in Ms. Luther with the Oath of Office.

On a Motion by Ms. Beavers, seconded by Mr. Tilly Jr., with all in favor, the Board appointed Nancy Luther to Seat 5, for Pier Park Community Development District

84

On a Motion by Mr. Horak, seconded by Ms. Beavers, with all in favor, the Board accepted Supervisor Lenoard’s resignation from the Board of Supervisors, for Pier Park Community Development District

85

On a Motion by Mr. Bakun, seconded by Mr. Tilly Jr., with all in favor, the Board adopted 2026-04, Designating Officers, for Pier Park Community Development District.

86

87
88  EIGHTH ORDER OF BUSINESS	Ratification of District Items
89
90	1. FY 24-25 Engagement Letter for Auditing Services
91
Ms. Deluna reviewed the engagement letter with the Members of the Board and asked if
there were any questions. There were none.

On Motion by Mr. Bakun, seconded by Mr. Horak, with all in favor, the Board of Supervisors ratified FY 24-25 Engagement Letter for Auditing Services, for Pier Park Community Development District.

94

95
NINTH ORDER OF BUSINESS	Consideration of Pier Park Enhancement
Proposals
98
1. Signs & Poles Proposal – Coastal Electric
2. Round-a-Bout Proposal – Green Earth
3. Boardwalk Proposal – Go Pro
102
Ms. Deluna reviewed and presented the proposals to the Board and asked if there were
any questions.

On a Motion by Ms. Beavers, seconded by Mr. Bakun, with all in favor, the Board requested District Staff to obtain an update for the poles and also obtain additional proposals, for Pier Park Community Development District

105

On a Motion by Mr. Horak, seconded by Mr. Tilly Jr., with all in favor, the Board approved the Round-a-Bout Proposal – Green Earth, in substantial form, for Pier Park Community Development District

106

107

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 4

On a Motion by Ms. Beavers, seconded by Mr. Bakun, with all in favor, the Board requested District Staff to obtain additional Boardwalk proposals, for Pier Park Community Development District

108
TENTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-05,
Approving FY 26-27 Proposed Budget &
Setting Hearing
112
Ms. Deluna reviewed the Resolution with the Board and asked if there were any
questions.
115
Ms. Deluna reviewed the Proposed Budget in detail by each line item with the Board
of Supervisors.
118
Discussion ensued amongst District Staff and the Board regarding the Proposed
Budget.

On a Motion by Mr. Bakun, seconded by Mr. Tilly Jr., with all in favor, the Board adopted Resolution 2026-05, Approving FY 26-27 Proposed Budget & Setting Hearing, for Pier Park Community Development District

121

122
123  ELEVENTH ORDER OF BUSINESS	Staff Reports
124
A. District Counsel
Mr. Haber briefed the Board regarding general updates and information as it relates to
the budget.
128
B. District Engineer
No Updates
131
C. Property Manager
No Updates
134
135	D. District Manager
136	1. Presentation of District Manager Report
137
138	Property Management provided the Board with several onsite updates.

On a Motion by Ms. Beavers, seconded by Mr. Horak, with all in favor, the Board approved 8 Speed Bumps NTE $14,000 with the Chairperson’s directive and approved by District Counsel and Engineer, in substantial form, for Pier Park Community Development District

139

140
141  TWELFTH ORDER OF BUSINESS	Supervisor Requests and Comments
142
143  There were no Supervisor requests or comments.
144

PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 5

145
146  THIRTEENTH ORDER OF BUSINESS	Adjournment

On a Motion by Ms. Beavers, seconded by Mr. Horak, with all in favor, the Board adjourned the Meeting at 3:22 p.m. (CT), for Pier Park Community Development District.

147

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PIER PARK COMMUNITY DEVELOPMENT DISTRICT
May 20, 2026 - Minutes of Meeting
Page 6

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Secretary / Assistant Secretary	Chairman / Vice Chairman

Tab 2

Pier Park Community Development District

DISTRICT OFFICE · PANAMA CITY BEACH, FL 32407
Mailing Address · 3434 Colwell Avenue, Suite 200 · Tampa, Florida 33614
www.PierParkCDD.org

Operation and Maintenance Expenditures For Board Approval
April 2026

Attached please find the check register listing the Operation and Maintenance expenditures paid from April 1, 2026 through April 30, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:  $21,722.01

Approval of Expenditures:

	 Chairperson

	 Vice Chairperson

	 Assistant Secretary

Pier Park Community Development District
Paid Operation & Maintenance Expenditures
April 1, 2026 Through April 30, 2026

Vendor Name	 Check Number Invoice Number	 Invoice Description	  Invoice Amount 

Dumpster Services, LLC	300165	15935	Street Sweeping 02/26	$	1,722.00	
Dumpster Services, LLC	300168	16199	Street Sweeping 03/26	$	1,906.50	
Florida Power & Light Company	300169	2102035512-	Electric Services 03/26	$	342.34	
		032426			
Florida Power & Light Company	300169	2103025942-	Electric Services 03/26	$	96.80	
		032426			
Florida Power & Light Company	300169	2103239717-	Electric Services 03/26	$	133.56	
		032426			
Florida Power & Light Company	300169	2103875593-	Electric Services 03/26	$	32.44	
		032426			
Florida Power & Light Company	300169	2104704362-	Electric Services 03/26	$	24.36	
		032426			
Florida Power & Light Company	300169	2109286761-	Electric Services 03/26	$	79.49	
		032426			
Florida Power & Light Company	300169	2400003642-	Electric Services 03/26	$	399.12	
		032426			
Johnson Engineering, LLC	300172	8967	Engineering Services 03/26	$	935.25	
Kutak Rock, LLP	300170	3718731	Legal Services 11/25	$	3,735.00	
Rizzetta & Company, Inc.	300167	INV0000108055	District Management Services 04/26	$	5,599.68	

Pier Park Community Development District	
Paid Operation & Maintenance Expenditures	
April 1, 2026 Through April 30, 2026	

Vendor Name		
Check Number	
Invoice Number		
Invoice Description		
 Invoice Amount 	
Simon Property Group, Inc.	300171	201194	Management Services 12/25	$	3,110.80	
Simon Property Group, Inc.	300171	201198	Management Services 04/26	$	2,916.67	
TLD-Southeast, Inc.	300166	2129651	Monthly Lake Maintenance 03/26	$	688.00	

Total				
$	21,722.01	

Pier Park Community Development District

DISTRICT OFFICE · PANAMA CITY BEACH, FL 32407
Mailing Address · 3434 Colwell Avenue, Suite 200 · Tampa, Florida 33614
www.PierParkCDD.org

Operation and Maintenance Expenditures For Board Approval
May 2026

Attached please find the check register listing the Operation and Maintenance expenditures paid from May 1, 2026 through May 31, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:  $48,561.17

Approval of Expenditures:

	 Chairperson

	 Vice Chairperson

	 Assistant Secretary

Pier Park Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number  Invoice Number	 Invoice Description	  Invoice Amount 

City of Panama City Beach	20260519-1	7447385934-
040226 ACH	Water Services 04/26	$	85.46	
City of Panama City Beach	20260519-1	7447385934-
050126 ACH	Water Services 05/26	$	85.46	
City of Panama City Beach	20260519-1	7447385936-
040226 ACH	Water Services 04/26	$	61.27	
City of Panama City Beach	20260519-1	7447385936-
050126 ACH	Water Services 05/26	$	61.27	
City of Panama City Beach	20260519-1	7447385938-
040226 ACH	Water Services 04/26	$	85.46	
City of Panama City Beach	20260519-1	7447385938-
050126 ACH	Water Services 05/26	$	85.46	
City of Panama City Beach	20260519-1	7447395692-
040226 ACH	Water Services 04/26	$	122.54	
City of Panama City Beach	20260519-1	7447395692-
050126 ACH	Water Services 05/26	$	122.54	
City of Panama City Beach	20260519-1	7447395798-
040226 ACH	Water Services 04/26	$	28.20	
City of Panama City Beach	20260519-1	7447395798-
050126 ACH	Water Services 05/26	$	28.20	
Dumpster Services, LLC	300180	16398	Street Sweeping 04/26	$	1,845.00	
Florida Power & Light Company	300173	2102035512-	Electric Services 04/26	$	113.90	
		042226				

Pier Park Community Development District
Paid Operation & Maintenance Expenditures
May 1, 2026 Through May 31, 2026

Vendor Name	 Check Number  Invoice Number	 Invoice Description	  Invoice Amount 

Florida Power & Light Company	300173	2103025942-	Electric Services 04/26	$	96.66	
		042226			
Florida Power & Light Company	300173	2103239717-	Electric Services 04/26	$	214.44	
		042226			
Florida Power & Light Company	300173	2103875593-	Electric Services 04/26	$	38.04	
		042226			
Florida Power & Light Company	300173	2103960759-	Electric Services 04/26	$	43.76	
		042226			
Florida Power & Light Company	300173	2104704362-	Electric Services 04/26	$	57.44	
		042226			
Florida Power & Light Company	300173	2109286761-	Electric Services 04/26	$	15.62	
		042226			
Florida Power & Light Company	300173	2400003642-	Electric Services 04/26	$	180.74	
		042226			
GreenEarth Southeast, LLC	300174	228192	Landscape Maintenance 04/26	$	13,027.19	
GreenEarth Southeast, LLC	300181	233046	Landscape Maintenance 05/26	$	12,834.67	
Kutak Rock, LLP	300175	3732154	Legal Services 02-03/26	$	1,123.50	
Rizzetta & Company, Inc.	300177	INV0000109147	District Management Services 05/26	$	5,599.68	
Simon Property Group, Inc.	300178	201199	Management Services 05/26	$	2,916.67	

Pier Park Community Development District	
Paid Operation & Maintenance Expenditures	
May 1, 2026 Through May 31, 2026	

Vendor Name		
Check Number 	
Invoice Number		
Invoice Description		
 Invoice Amount 	
Tightline Construction, Inc.	300179	2220	Miscellaneous Expense 03/26	$	3,500.00	
TLD-Southeast, Inc.	300176	2130681	Lake Maintenance 04/26	$	688.00	
Wet Willy's	300182	0019	Pressure Washing 04/26	$		5,500.00	

Total				
$	48,561.17	

Tab 3

LED Lighting Solutions Lighting Installation Locations

Local Decorative Lighting Installation Details

Teardrop LED fixture
City of Panama City Beach –
Richard Jackson Blvd

Available in different wattages and Color Temperatures (3000K/4000K)

*Requires specific pole to handle the weight of the fixture and arm

Residential or Commercial areas

Teardrop w/ Deep Skirt LED fixture
Town Locations: SweetBay Avenue
Beach Locations:
Thomas Dr (Pineapple Willies)
Ward Creek (Hwy 79)
Available in different wattages and Color Temperatures (3000K/4000K)

Residential or Commercial areas

*Requires specific pole to handle
the weight of the fixture and arm

Harbor LED fixture
Located along Beck Avenue in St Andrews

Available in different wattages

*Requires specific pole to handle the weight of the fixture and arm

Residential or Commercial areas

Residential or Commercial areas

EPTC LED fixture Latitude Margaritaville Watersound

ONLY available in 4000K

Granville LED fixture
Town Locations:
Sweet Bay
The Reserve Apartments
Beach Locations:
Whisper Dunes

Available in different wattages and Color Temperatures (3000K/4000K)

Residential or Commercial areas

Granville

Mesa LED fixture
PanCare Medical Complex Hotel Indigo – PC Marina
Promenade behind hotel
Parking lot

Available in different wattages

ONLY available in 4000K
Residential or Commercial

Arbor LED fixture
Town Locations:
St. Dominics Church
Beach Locations:
Donut Hole (Overflow Parking Lot

Holiday Beach Office

Available in different wattages and Color Temperatures (3000K/4000K)

Residential or Commercial

Vizcaya LED fixture
Bay Point

Available in different wattages

* ONLY available in 3000K

Residential or Commercial

Victorian LED fixture
Preserve at Inlet Beach

Available in different wattages and color temperatures

* ONLY available in 3000K
Best suited for Residential areas

Traditional Carriage LED fixture
Game Farm community

Available in different wattages and color temperatures

Best suited for Residential areas

Standard Street Light options available

Autobahn Fixtures

Multiple Mounts Available

Residential or Commercial areas

Location information Provided upon request

Tab 4

RESOLUTION 2026-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2026-2027; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Pier Park Community Development District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated within Bay County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation within the county in which the District is located; and

WHEREAS, the Board desires to adopt a Fiscal Year 2026-2027 annual meeting schedule attached hereto as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT:

The Fiscal Year 2026-2027 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and will be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 5th day of August, 2026.

ATTEST:	PIER PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Fiscal Year 2026-2027 Annual Meeting Schedule

Exhibit A
Fiscal Year 2026-2027 Annual Meeting Schedule

November 4, 2026	1:00 PM (CT)	
February 10, 2027	1:00 PM (CT)	
May 19, 2027	1:00 PM (CT)	
July 28, 2027	1:00 PM (CT)	

All meetings will be held at the Simon Management Office, located at 600 Pier Park Drive, Suite 125, Panama City Beach, FL 32413

Tab 5

RESOLUTION 2026-07
[FY 2027 APPROPRIATION RESOLUTION]
THE ANNUAL APPROPRIATION RESOLUTION OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN 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 Pier Park Community Development District (“District”) prior to June 15, 2026, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and
WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and
WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BUDGET

a.	The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.	
b.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Pier Park Community Development District for the Fiscal Year Ending September 30, 2027.”	
c.	The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189, Florida Statutes and shall remain on the website for at least two (2) years.	

SECTION 2.	APPROPRIATIONS
There is hereby appropriated out of the revenues of the District, for FY 2027, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2027 or within 60 days following the end of the FY 2027 may amend its Adopted Budget for that fiscal year as follows:

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

SECTION 4. APPROVAL OF PRIOR ACTIONS. The actions of the Chairman, Vice Chairman, Secretary, Treasurer, Assistant Secretaries, and all District Staff in finalizing the Adopted Budget, including preparing the Proposed Budget and setting, noticing, and all other actions required for the public hearing on the Proposed Budget, are hereby ratified, approved, and confirmed in all respects.

SECTION 5. SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more provisions of the 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 5th DAY OF AUGUST, 2026.

ATTEST:	PIER PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A:	FY 2027 Budget

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments								
5	Tax Roll	$	504,702.00	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094		
6									
7	Assessment Revenue Subtotal	$	504,702	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12	Interest Earnings	$	1,229.00	$	1,844	$	-	$	1,844	$	-	$	-		
13									
14	Other Revenue Subtotal	$	1,229	$	1,844	$	-	$	1,844	$	-	$	-	
15								
16	TOTAL REVENUES	$	505,931	$	506,546	$	497,125	$	9,421	$	591,219	$	94,094	
17									
18	EXPENDITURES - ADMINISTRATIVE								
19									
20	Legislative								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
21	Supervisor Fees	$	600	$	900	$	4,000	$	3,100	$	4,000	$	-		
22	Financial & Administrative								
23	Accounting Services	$	12,585	$	18,878	$	18,878	$	1	$	18,878	$	-		
24	Administrative Services	$	6,405	$	9,609	$	9,609	$	1	$	9,609	$	-		
25	Arbitrage Rebate Calculation	$	-	$	450	$	450	$	-	$	450	$	-		
26	Assessment Roll	$	5,150	$	5,150	$	5,150	$	-	$	5,150	$	-		
27	Auditing Services	$	-	$	4,250	$	4,250	$	-	$	4,250	$	-		
28	District Engineer	$	936	$	1,404	$	1,200	$	(204)	$	5,000	$	3,800		
29	District Management	$	21,321	$	31,982	$	31,982	$	1	$	31,982	$	-		
30	Dues, Licenses & Fees	$	175	$	88	$	175	$	88	$	175	$	-		
31	Financial & Revenue Collections	$	3,605	$	5,408	$	5,408	$	1	$	6,608	$	1,200		
32	Legal Advertising	$	524	$	786	$	3,200	$	2,414	$	3,200	$	-		
33	Management Contract	$	24,109	$	36,164	$	35,000	$	(1,164)	$	35,000	$	-		
34	Public Officials Liability Insurance	$	3,922	$	3,922	$	4,163	$	241	$	4,163	$	-		
35	Trustees Fees	$	2,694	$	4,041	$	3,750	$	(291)	$	5,388	$	1,638		
36	Website Hosting, Maintenance, Backup & Email	$	1,980	$	2,970	$	3,840	$	870	$	4,200	$	360		
37	Legal Counsel								
38	District Counsel	$	6,839	$	10,259	$	42,500	$	32,242	$	42,500	$	-		
39									
40	Administrative Subtotal	$	90,845	$	136,258	$	173,555	$	37,298	$	180,553	$	6,998	

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
41									
42	EXPENDITURES - FIELD OPERATIONS								
43									
44	Electric Utility Services								
45	Utility Services	$	8,167	$	12,251	$	15,000	$	2,750	$	16,500	$	1,500		
46	Garbage/Solid Waste Control Services								
47	Trash Removal	$	-	$	-	$	-	$	-	$	2,500	$	2,500		
48	Water-Sewer Combination Services								
49	Utility Services	$	3,726	$	5,589	$	15,000	$	9,411	$	16,500	$	1,500		
50	Stormwater Control								
51	Aquatic Maintenance	$	5,504	$	8,256	$	5,770	$	(2,486)	$	9,100	$	3,330		
52	Lake/Pond Bank Maintenance & Repair	$	-	$	-	$	2,000	$	2,000	$	2,000	$	-		
53	Other Physical Environment								
54	Entry & Walls/Beach Ball Area Maintenance	$	-	$	-	$	-	$	-		$	-		
55	General Liability/Crime Insurance	$	19,024	$	19,024	$	20,900	$	1,876	$	23,802	$	2,902		
56	Irrigation Maintenance	$	-	$	10,000	$	10,000	$	-	$	10,000	$	-		
57	Landscape Maintenance	$	127,476	$	191,214	$	154,500	$	(36,714)	$	161,000	$	6,500		
58	Ornamental Lighting & Maintenance	$	1,903	$	2,855	$	5,000	$	2,146	$	5,000	$	-		
59	Tree Trimming Services	$	1,235	$	1,853	$	15,000	$	13,148	$	15,000	$	-		
60	Road & Street Facilities								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
61	Parking Lot Repair & Maintenance	$	-	$	5,000	$	5,000	$	-	$	5,000			
62	Sidewalk Maintenance & Repair	$	21,800	$	32,700	$	10,000	$	(22,700)	$	20,000	$	10,000		
63	Street Light/Decorative Light Maintenance	$	6,366	$	9,549	$	12,000	$	2,451	$	13,000	$	1,000		
64	Street/Parking Lot Sweeping	$	14,883	$	22,325	$	13,400	$	(8,925)	$	22,264	$	8,864		
65	Contingency								
66	Miscellaneous Contingency	$	7,718	$	36,577	$	40,000	$	3,423	$	89,000	$	49,000		
67									
68	Field Operations Subtotal	$	217,802	$	357,191	$	323,570	$	(33,621)	$	410,666	$	87,096	
69								
70	TOTAL EXPENDITURES	$	308,647	$	493,449	$	497,125	$	3,677	$	591,219	$	94,094	
71								
72	EXCESS OF REVENUES OVER EXPENDITURES	$	197,284	$	13,097	$	-	$	13,098	$	-	$	-	
73								

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments	$	972							
5	Tax Roll	$	13,050	$	13,050	$	13,050	$	-	$	13,050	$	-		
6									
7	Assessment Revenue Subtotal	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12									
13	Other Revenue Subtotal	$	-	$	-	$	-	$	-	$	-	$	-	
14								
15	TOTAL REVENUES	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
16									
17	EXPENDITURES								
18									
19	Contingency								
20	Capital Reserves	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-		
21				.					
22	TOTAL EXPENDITURES	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-	

	

Comments	

	

	

	

	

	

	

	

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026	
23								
24	EXCESS OF REVENUES OVER EXPENDITURES	$	14,022	$	13,050	$	-	$	13,050	$	-	$	-	
25								

	

Comments	

	

Pier Park Community Development District Debt Service
Fiscal Year 2026/2027	

Chart of Accounts Classification	Series 2014	

Budget for 2026/2027	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$442,439.19	$442,439.19	
OLTR/TIR Contribution	$696,220.42	$696,220.42	
			
TOTAL REVENUES	$1,138,659.61	$1,138,659.61	
			
EXPENDITURES			
Administrative			
Debt Service Obligation	$1,138,659.61	$1,138,659.61	
Administrative Subtotal	$1,138,659.61	$1,138,659.61	
			
TOTAL EXPENDITURES	$1,138,659.61	$1,138,659.61	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Bay County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%

$1,211,340.01

GROSS ASSESSMENTS

Notes:
Tax Roll Collection Costs and Early Payment Discount percentages are 6% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.
(1)	Maximum Annual Debt Service less Prepaid Assessments received.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE

2026/2027 O&M Budget:		$604,269.00	2025/2026 O&M Budget:	$510,175.00	
Bay County Collection Costs:	2%	$12,856.79	2026/2027 O&M Budget:	$604,269.00	
Early Payment Discounts:	4%	$25,713.57			
2026/2027 Total:		$642,839.36	Total Difference:	$94,094.00	

		Per Product Annual Assessment Comparison		Proposed Increase / Decrease	
Lot Size	Assessment Breakdown							
			2025/2026	2026/2027		$	%	
			
$383,467.26	
$383,467.26		
$0.00	
0.00%	
			$442,174.68	$523,727.06		$81,552.38	18.44%	
			$825,641.94	$907,194.32		$81,552.38	9.88%	
			
$56,801.25	
$56,801.25		
$0.00	
0.00%	
			$65,497.31	$77,577.29		$12,079.98	18.44%	
			$122,298.56	$134,378.54		$12,079.98	9.88%	
			
$30,411.48	
$30,411.48		
$0.00	
0.00%	
			$35,067.37	$41,535.01		$6,467.64	18.44%	
	Total		$65,478.85	$71,946.49		$6,467.64	9.88%	

Retail / Commercial	Series 2014 Debt Service (1)
Operations & Maintenance	
	Total	

Hotel	
Series 2014 Debt Service (1)
Operations & Maintenance	
	Total	

Time Share	
Series 2014 Debt Service (1)
Operations & Maintenance	

(1) The Debt Service Total Assessment represents the balance due as a result of the scheduled OLTR funding shortfall.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE	

TOTAL O&M BUDGET COLLECTION COSTS
EARLY PAYMENT DISCOUNTS TOTAL O&M ASSESSMENT	

2.0%
4.0%	

$604,269.00
$12,856.79
$25,713.57
$642,839.36	
	UNIT ALLOCATION		ALLOCATION OF O&M ASSESSMENT		ANNUAL ASSESSMENT PER SQ FT		
	
SERIES 2014
PRODUCT	O&M SQ FT	DEBT SERVICE (1)		
% OF O&M	TOTAL O&M ASSESSMENT		BUDGET		
SERIES 2014
O&M	DEBT SERVICE (2)	TOTAL (3)		
	
Retail/Commercial	1,162,022	1,162,022
Hotel	172,125	172,125
Time Share	92,156	92,156

Total Community	1,426,303	1,426,303		
81.47%	$523,727.06
12.07%	$77,577.29
6.46%	$41,535.01

100.00%	$642,839.36		
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78		

LESS: Bay County Collection Costs (2%) and Early Payment Discount Costs (4%)	($38,570.36)

Net Revenue to be Collected	$604,269.00	

(1)	Reflects the total square footage with Series 2014 debt outstanding.

(2)	Annual debt service assessment per square foot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Bay County collection costs and early payment discount costs.

(3)	Annual assessment that would appear on November 2026 Bay County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

(4)	The Debt Service Total Assessment represents the balance due as a result of an anticipated OLTR funding shortfall due to a change in distribution calculation. Covers the 38.83% of May and November 2025 payments.	

Tab 6

RESOLUTION 2026-08
[FY 2027 ASSESSMENT RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2027 ADOPTED BUDGET(S); PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Pier Park Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District, located in Bay County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY 2027”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and
WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PIER PARK COMMUNITY DEVELOPMENT DISTRICT:

FUNDING. The District’s Board hereby authorizes the funding mechanisms for the Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

OPERATIONS AND MAINTENANCE ASSESSMENTS.

Benefit Findings. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The

4921-3340-4857.1

allocation of the assessments to the specially benefitted lands is shown in Exhibit A and Exhibit B and is hereby found to be fair and reasonable.
O&M Assessment Imposition. Pursuant to Chapter 190, Florida Statutes, a special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

Maximum Rate. Pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.
DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection the FY 2027 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.

COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.  Pursuant to Chapter 190,
Florida Statutes, the District is authorized to collect and enforce the Assessments as set forth below.
Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.

Future Collection Methods. The District’s decision to collect Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B, is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection methods provided above. The proceeds therefrom shall be paid to the District. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll.

4921-3340-4857.1

SEVERABILITY. 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.

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED THIS 5th DAY OF AUGUST, 2026.

ATTEST:	PIER PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget
Exhibit B:	Assessment Roll

4921-3340-4857.1

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments								
5	Tax Roll	$	504,702.00	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094		
6									
7	Assessment Revenue Subtotal	$	504,702	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12	Interest Earnings	$	1,229.00	$	1,844	$	-	$	1,844	$	-	$	-		
13									
14	Other Revenue Subtotal	$	1,229	$	1,844	$	-	$	1,844	$	-	$	-	
15								
16	TOTAL REVENUES	$	505,931	$	506,546	$	497,125	$	9,421	$	591,219	$	94,094	
17									
18	EXPENDITURES - ADMINISTRATIVE								
19									
20	Legislative								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
21	Supervisor Fees	$	600	$	900	$	4,000	$	3,100	$	4,000	$	-		
22	Financial & Administrative								
23	Accounting Services	$	12,585	$	18,878	$	18,878	$	1	$	18,878	$	-		
24	Administrative Services	$	6,405	$	9,609	$	9,609	$	1	$	9,609	$	-		
25	Arbitrage Rebate Calculation	$	-	$	450	$	450	$	-	$	450	$	-		
26	Assessment Roll	$	5,150	$	5,150	$	5,150	$	-	$	5,150	$	-		
27	Auditing Services	$	-	$	4,250	$	4,250	$	-	$	4,250	$	-		
28	District Engineer	$	936	$	1,404	$	1,200	$	(204)	$	5,000	$	3,800		
29	District Management	$	21,321	$	31,982	$	31,982	$	1	$	31,982	$	-		
30	Dues, Licenses & Fees	$	175	$	88	$	175	$	88	$	175	$	-		
31	Financial & Revenue Collections	$	3,605	$	5,408	$	5,408	$	1	$	6,608	$	1,200		
32	Legal Advertising	$	524	$	786	$	3,200	$	2,414	$	3,200	$	-		
33	Management Contract	$	24,109	$	36,164	$	35,000	$	(1,164)	$	35,000	$	-		
34	Public Officials Liability Insurance	$	3,922	$	3,922	$	4,163	$	241	$	4,163	$	-		
35	Trustees Fees	$	2,694	$	4,041	$	3,750	$	(291)	$	5,388	$	1,638		
36	Website Hosting, Maintenance, Backup & Email	$	1,980	$	2,970	$	3,840	$	870	$	4,200	$	360		
37	Legal Counsel								
38	District Counsel	$	6,839	$	10,259	$	42,500	$	32,242	$	42,500	$	-		
39									
40	Administrative Subtotal	$	90,845	$	136,258	$	173,555	$	37,298	$	180,553	$	6,998	

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
41									
42	EXPENDITURES - FIELD OPERATIONS								
43									
44	Electric Utility Services								
45	Utility Services	$	8,167	$	12,251	$	15,000	$	2,750	$	16,500	$	1,500		
46	Garbage/Solid Waste Control Services								
47	Trash Removal	$	-	$	-	$	-	$	-	$	2,500	$	2,500		
48	Water-Sewer Combination Services								
49	Utility Services	$	3,726	$	5,589	$	15,000	$	9,411	$	16,500	$	1,500		
50	Stormwater Control								
51	Aquatic Maintenance	$	5,504	$	8,256	$	5,770	$	(2,486)	$	9,100	$	3,330		
52	Lake/Pond Bank Maintenance & Repair	$	-	$	-	$	2,000	$	2,000	$	2,000	$	-		
53	Other Physical Environment								
54	Entry & Walls/Beach Ball Area Maintenance	$	-	$	-	$	-	$	-		$	-		
55	General Liability/Crime Insurance	$	19,024	$	19,024	$	20,900	$	1,876	$	23,802	$	2,902		
56	Irrigation Maintenance	$	-	$	10,000	$	10,000	$	-	$	10,000	$	-		
57	Landscape Maintenance	$	127,476	$	191,214	$	154,500	$	(36,714)	$	161,000	$	6,500		
58	Ornamental Lighting & Maintenance	$	1,903	$	2,855	$	5,000	$	2,146	$	5,000	$	-		
59	Tree Trimming Services	$	1,235	$	1,853	$	15,000	$	13,148	$	15,000	$	-		
60	Road & Street Facilities								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
61	Parking Lot Repair & Maintenance	$	-	$	5,000	$	5,000	$	-	$	5,000			
62	Sidewalk Maintenance & Repair	$	21,800	$	32,700	$	10,000	$	(22,700)	$	20,000	$	10,000		
63	Street Light/Decorative Light Maintenance	$	6,366	$	9,549	$	12,000	$	2,451	$	13,000	$	1,000		
64	Street/Parking Lot Sweeping	$	14,883	$	22,325	$	13,400	$	(8,925)	$	22,264	$	8,864		
65	Contingency								
66	Miscellaneous Contingency	$	7,718	$	36,577	$	40,000	$	3,423	$	89,000	$	49,000		
67									
68	Field Operations Subtotal	$	217,802	$	357,191	$	323,570	$	(33,621)	$	410,666	$	87,096	
69								
70	TOTAL EXPENDITURES	$	308,647	$	493,449	$	497,125	$	3,677	$	591,219	$	94,094	
71								
72	EXCESS OF REVENUES OVER EXPENDITURES	$	197,284	$	13,097	$	-	$	13,098	$	-	$	-	
73								

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments	$	972							
5	Tax Roll	$	13,050	$	13,050	$	13,050	$	-	$	13,050	$	-		
6									
7	Assessment Revenue Subtotal	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12									
13	Other Revenue Subtotal	$	-	$	-	$	-	$	-	$	-	$	-	
14								
15	TOTAL REVENUES	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
16									
17	EXPENDITURES								
18									
19	Contingency								
20	Capital Reserves	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-		
21				.					
22	TOTAL EXPENDITURES	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-	

	

Comments	

	

	

	

	

	

	

	

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026	
23								
24	EXCESS OF REVENUES OVER EXPENDITURES	$	14,022	$	13,050	$	-	$	13,050	$	-	$	-	
25								

	

Comments	

	

Pier Park Community Development District Debt Service
Fiscal Year 2026/2027	

Chart of Accounts Classification	Series 2014	

Budget for 2026/2027	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$442,439.19	$442,439.19	
OLTR/TIR Contribution	$696,220.42	$696,220.42	
			
TOTAL REVENUES	$1,138,659.61	$1,138,659.61	
			
EXPENDITURES			
Administrative			
Debt Service Obligation	$1,138,659.61	$1,138,659.61	
Administrative Subtotal	$1,138,659.61	$1,138,659.61	
			
TOTAL EXPENDITURES	$1,138,659.61	$1,138,659.61	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Bay County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%

$1,211,340.01

GROSS ASSESSMENTS

Notes:
Tax Roll Collection Costs and Early Payment Discount percentages are 6% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.
(1)	Maximum Annual Debt Service less Prepaid Assessments received.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE

2026/2027 O&M Budget:		$604,269.00	2025/2026 O&M Budget:	$510,175.00	
Bay County Collection Costs:	2%	$12,856.79	2026/2027 O&M Budget:	$604,269.00	
Early Payment Discounts:	4%	$25,713.57			
2026/2027 Total:		$642,839.36	Total Difference:	$94,094.00	

		Per Product Annual Assessment Comparison		Proposed Increase / Decrease	
Lot Size	Assessment Breakdown							
			2025/2026	2026/2027		$	%	
			
$383,467.26	
$383,467.26		
$0.00	
0.00%	
			$442,174.68	$523,727.06		$81,552.38	18.44%	
			$825,641.94	$907,194.32		$81,552.38	9.88%	
			
$56,801.25	
$56,801.25		
$0.00	
0.00%	
			$65,497.31	$77,577.29		$12,079.98	18.44%	
			$122,298.56	$134,378.54		$12,079.98	9.88%	
			
$30,411.48	
$30,411.48		
$0.00	
0.00%	
			$35,067.37	$41,535.01		$6,467.64	18.44%	
	Total		$65,478.85	$71,946.49		$6,467.64	9.88%	

Retail / Commercial	Series 2014 Debt Service (1)
Operations & Maintenance	
	Total	

Hotel	
Series 2014 Debt Service (1)
Operations & Maintenance	
	Total	

Time Share	
Series 2014 Debt Service (1)
Operations & Maintenance	

(1) The Debt Service Total Assessment represents the balance due as a result of the scheduled OLTR funding shortfall.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE	

TOTAL O&M BUDGET COLLECTION COSTS
EARLY PAYMENT DISCOUNTS TOTAL O&M ASSESSMENT	

2.0%
4.0%	

$604,269.00
$12,856.79
$25,713.57
$642,839.36	
	UNIT ALLOCATION		ALLOCATION OF O&M ASSESSMENT		ANNUAL ASSESSMENT PER SQ FT		
	
SERIES 2014
PRODUCT	O&M SQ FT	DEBT SERVICE (1)		
% OF O&M	TOTAL O&M ASSESSMENT		BUDGET		
SERIES 2014
O&M	DEBT SERVICE (2)	TOTAL (3)		
	
Retail/Commercial	1,162,022	1,162,022
Hotel	172,125	172,125
Time Share	92,156	92,156

Total Community	1,426,303	1,426,303		
81.47%	$523,727.06
12.07%	$77,577.29
6.46%	$41,535.01

100.00%	$642,839.36		
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78		

LESS: Bay County Collection Costs (2%) and Early Payment Discount Costs (4%)	($38,570.36)

Net Revenue to be Collected	$604,269.00	

(1)	Reflects the total square footage with Series 2014 debt outstanding.

(2)	Annual debt service assessment per square foot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Bay County collection costs and early payment discount costs.

(3)	Annual assessment that would appear on November 2026 Bay County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

(4)	The Debt Service Total Assessment represents the balance due as a result of an anticipated OLTR funding shortfall due to a change in distribution calculation. Covers the 38.83% of May and November 2025 payments.