BLUEWATERS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 9, 2026
6:15 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.bluewaterscdd.org 786.303.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT
Somerset Academy Silver Palms-Cafeteria Room 23255 S.W. 115th Avenue
Miami, Florida 33032
REGULAR BOARD MEETING
March 9, 2026
6:15 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
November 10, 2025 Regular Board Meeting…	Page 3
Old Business
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 7
Consider Approval of Attorneys Fee Adjustment – Billing Cochran	Page 14
Administrative & Operational Matters
Board Member & Staff Closing Comments
Adjourn

McClatchy

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AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Cols	Depth	
57932	IPL0276266	Legal Ad - IPL0276266		1.0	82.0L	

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

BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that
the Board of Supervisors (the “Board”) of the Bluewaters Community Development District (the “Dis-trict”) will hold Regular Meetings in the Somerset Academy Silver Palms, Caf-eteria Room, 23255 SW 115th Avenue, Miami, Florida 33032, at 6:15 p.m. on the following dates:
October 13, 2025
November 10, 2025
December 8, 2025
March 9, 2026
April 13, 2026
May 11, 2026
June 8, 2026
July 13, 2026
August 10, 2026
September 14, 2026
The purpose of the meetings is for the Board to consider any District busi-ness which may lawfully and properly come before the Board. Meetings are open to the public and will be con-ducted in accordance with the pro-visions of Florida law for community development districts. Copies of the agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922, prior to the date of the particular meeting.
From time to time one or two Board members may participate by tele-phone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be contin-ued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

PUBLISHED DAILY MIAMI-DADE-FLORIDA

STATE OF FLORIDA COUNTY OF MIAMI-DADE

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

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

1.0 insertion(s) published on: 10/03/25 Print

Print Tearsheet Link Marketplace Link

Sherry Chasteen

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accom-modations or an interpreter to partic-ipate at any of these meetings should contact the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Sworn to and subscribed before me on

Oct 3, 2025, 9:40 AM EDT

Meetings may be cancelled from time to time with no advertised notice.
BLUEWATERS community develop-ment district
www.bluewaterscdd.org IPL0276266
Oct 3 2025

Page 1

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

BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that
the Board of Supervisors (the “Board”) of the Bluewaters Community Development District (the “Dis-trict”) will hold Regular Meetings in the Somerset Academy Silver Palms, Caf-eteria Room, 23255 SW 115th Avenue, Miami, Florida 33032, at 6:15 p.m. on the following dates:
October 13, 2025
November 10, 2025
December 8, 2025
March 9, 2026
April 13, 2026
May 11, 2026
June 8, 2026
July 13, 2026
August 10, 2026
September 14, 2026
The purpose of the meetings is for the Board to consider any District busi-ness which may lawfully and properly come before the Board. Meetings are open to the public and will be con-ducted in accordance with the pro-visions of Florida law for community development districts. Copies of the agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922, prior to the date of the particular meeting.
From time to time one or two Board members may participate by tele-phone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be contin-ued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accom-modations or an interpreter to partic-ipate at any of these meetings should contact the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time with no advertised notice.
BLUEWATERS community develop-ment district
www.bluewaterscdd.org IPL0276266
Oct 3 2025

BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 10, 2025

CALL TO ORDER

District Manager Armando Silva called the November 10, 2025, Regular Board Meeting of the Bluewaters Community Development District (the “District”) to order at 6:26 p.m. at the Somerset Academy Silver Palms Cafeteria Room located at 23255 SW 115th Avenue, Miami, Florida 33032.

PROOF OF PUBLICATION

Mr. Silva presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Herald on October 3, 2025, as part of the District’s Fiscal Year 2025/2026 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Silva determined that the attendance of Vice Chairperson Lorna Burnett and Supervisors Lazaro Mederos and Patricia Figueroa constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Armando Silva and Associate District Manager Pablo Jerez of Special District Services, Inc.; and District Counsel Gabriella Fernandez-Perez of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
ADDITIONS OR DELETIONS TO THE AGENDA

The following items were added to the agenda:

New Business: Discussion Regarding Outlets in the Medians

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
1. June 23, 2025, Regular Board Meeting & Public Hearing
Mr. Silva presented the minutes of the June 23, 2025, Regular Board Meeting & Public Hearing and asked if there were any corrections and/or revisions. There being no changes, a motion was made by Mr. Mederos, seconded by Ms. Burnett and passed unanimously approving the minutes June 23, 2025, Regular Board Meeting & Public Hearing, as presented.
OLD BUSINESS
1. Update Regarding SW 112th Avenue Traffic Light
Mr. Jerez advised that the traffic light for SW 112th Avenue & SW 242nd Street had been approved by the Florida Department of Transportation. However the funding has not been released with no set timeline for that. Mr. Jerez will keep track of the project and advise the Board accordingly.

NEW BUSINESS
Consider Resolution No. 2025-06 – Adopting a Fiscal Year 2024/2025 Amended Budget

Mr. Silva presented Resolution No. 2025-06, entitled:

RESOLUTION NO. 2025-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the title of the resolution into the record and provided an explanation for the document. He indicated that there was an operating fund balance of approximately $443,806 at the end of the fiscal year. A discussion ensued after which:

A motion was made by Mr. Mederos, seconded by Mr. Burnett and unanimously passed adopting Resolution No. 2025-06, as presented, thereby setting the amended/revised budget for the 2024/2025 fiscal year.

Consider Resolution No. 2025-07 – Goals and Objectives Annual Report
Resolution No. 2025-07 was presented, entitled:

Mr. Silva presented Resolution No. 2025-07, entitled:

RESOLUTION 2025-07

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

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

A motion was made by Mr. Mederos, seconded by Ms. Burnett and unanimously passed accepting Resolution No. 2025-07, as presented, further adopting the Bluewaters Community Development District’s Goals and Objectives Annual Report, further authorizing the posting of same on the District website.

Discussion Regarding Interlocal Access Agreement – Advertisements and Public Notices on County Designated Website

Mr. Silva presented the County Interlocal Access Agreement (the “ILA”) discussed during the October 13, 2025, Regular Board Meeting, regarding access to advertising the District’s legal publications on the County’s website. Mr. Silva executed the ILA; however, the County is now requesting that the District

provide a document authorizing Mr. Silva to execute the ILA on behalf of the District. He further explained that District Counsel had prepared a resolution to adhere to the County’s request

Consider Resolution No. 2025-08 – Interlocal Access Agreement and Authorized Signatories

Mr. Silva presented Resolution No. 2025-08, entitled:

RESOLUTION NO. 2025-08

A RESOLUTION OF THE BLUEWATERSS COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE INTERLOCAL ACCESS AGREEMENT FOR LOCAL GOVERNMENT PUBLICATION OF LEGAL ADVERTISEMENTS AND PUBLIC NOTICES ON COUNTY DESIGNATED WEBSITE; APPROVING SAME; PROVIDING FOR AUTHORIZED SIGNATORIES; AND PROVIDING FOR AN EFFECTIVE DATE

Mr. Silva explained that this resolution authorizes Armando Silva as District Manager, Rodney Mejia as Chairperson, and Lorna Burnett as Vice Chairperson, to execute the ILA and any other documents related to the ILA.

A motion was made by Mr. Mederos, seconded by Ms. Burnett and unanimously passed approving and adopting Resolution No. 2025-08; thereby authorizing Armando Silva as District Manager, Rodney Mejia as Chairperson, and Lorna Burnett as Vice Chairperson, to execute the Interlocal Agreement for government publication of legal advertisements and public notices and any other documents related to the Interlocal Agreement.
Discussion Regarding Electrical Outlets in the Medians

Mr. Silva advised that District staff had noticed the outlets installed in the medians seemed to have been knocked over by the landscaping company. District Staff instructed Elighting to review and repair the outlets, if there was any damage.
ADMINISTRATIVE & OPERATIONAL MATTERS
Ms. Fernandez-Perez presented the 2025 Legislative Update memo by Billing, Cochran, Lyles, Mauro & Ramsey and briefly went over the updates.
BOARD MEMBER & STAFF CLOSING COMMENTS

Ms. Burnett requested District staff look into an additional pothole located on SW 109TH Avenue and have the palms and trees trimmed that are blocking the street lights.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Mejia, seconded by Ms. Burnett and unanimously passed adjourning the Regular Board Meeting at 6:54 pm.

	
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

RESOLUTION NO. 2026-01

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

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

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

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

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

Section 2.  A Public Hearing is hereby scheduled for 	, 2026 at 6:15 p.m. in the Somerset Academy Silver Palms, Cafeteria Room located at 23255 SW 115th Avenue, Miami, Florida 33032, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 9th day of March, 2026.

ATTEST:	BLUEWATERS
COMMUNITY DEVELOPMENT DISTRICT

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

Bluewaters Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
ADMINISTRATIVE ASSESSMENTS	93,085	
MAINTENANCE ASSESSMENTS	148,319	
DEBT ASSESSMENTS	302,048	
OTHER REVENUES	0	
INTEREST INCOME	1,560	
TOTAL REVENUES	$	545,012	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
AQUATIC MAINTENANCE	6,000	
ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES	80,000	
LANDSCAPING UPKEEP	11,000	
FPL - IRRIGATION	1,000	
IRRIGATION SYSTEM UPKEEP	5,000	
COMMUNITY JANITORIAL SERVICES	18,000	
PARKING ENFORCEMENT & TOWING EXPENSES	7,500	
FIELD OPERATIONS	2,520	
ENGINEERING/INSPECTIONS/OTHER	2,000	
STORM DRAIN CLEANING - TOWNHOMES	15,000	
STORM DRAINAGE/CLASS V PERMIT	0	
HOLIDAY LIGHTING AND DÉCOR	12,000	
AT&T WIRELESS SERVICE	2,000	
PRESSURE CLEANING	10,000	
MAINTENANCE CONTINGENCY	8,000	
TOTAL MAINTENANCE EXPENDITURES	$	180,020	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	2,000	
PAYROLL TAXES (EMPLOYER)	153	
MANAGEMENT	35,232	
SECRETARIAL	4,200	
LEGAL	10,500	
LEGAL/OTHER	2,400	
ASSESSMENT ROLL	6,000	
AUDIT FEES	3,800	
ARBITRAGE REBATE FEE	650	
INSURANCE	9,900	
LEGAL ADVERTISING	3,000	
MISCELLANEOUS	2,500	
POSTAGE	375	
OFFICE SUPPLIES	525	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	4,300	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
ADMINISTRATIVE CONTINGENCY	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	89,060	
		
TOTAL EXPENDITURES	$	269,080	
		
REVENUES LESS EXPENDITURES	$	275,932	
		
BOND PAYMENTS	(283,925)	
		
BALANCE	$	(7,993)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(10,869)	
DISCOUNTS FOR EARLY PAYMENTS	(21,738)	
		
EXCESS/ (SHORTFALL)	$	(40,600)	
		
CARRYOVER FROM PRIOR YEAR	40,600	
		
NET EXCESS/ (SHORTFALL)	$	-	

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

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

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	92,522	93,879	93,085	Expenditures Less Interest/.94	
MAINTENANCE ASSESSMENTS	149,936	147,627	148,319	Expenditures Less Carryover/.94	
DEBT ASSESSMENTS	302,049	302,048	302,048	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	20,221	1,440	1,560	Interest Projected At $130 Per Month	
TOTAL REVENUES	$	564,728	$	544,994	$	545,012		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
AQUATIC MAINTENANCE	3,912	6,000	6,000	No Change From 2025/2026 Budget	
ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES	81,907	68,000	80,000	$12,000 Increase From 2025/2026 Budget	
LANDSCAPING UPKEEP	0	15,000	11,000	$4,000 Decrease From 2025/2026 Budget	
FPL - IRRIGATION	955	1,000	1,000	No Change From 2025/2026 Budget	
IRRIGATION SYSTEM UPKEEP	0	5,000	5,000	No Change From 2025/2026 Budget	
COMMUNITY JANITORIAL SERVICES	17,316	18,000	18,000	No Change From 2025/2026 Budget	
PARKING ENFORCEMENT & TOWING EXPENSES	7,200	7,500	7,500	No Change From 2025/2026 Budget	
FIELD OPERATIONS	2,520	2,520	2,520	No Change From 2025/2026 Budget	
ENGINEERING/INSPECTIONS/OTHER	2,459	2,000	2,000	No Change From 2025/2026 Budget	
STORM DRAIN CLEANING - TOWNHOMES	8,500	15,000	15,000	No Change From 2025/2026 Budget	
STORM DRAINAGE/CLASS V PERMIT	0	3,500	0	Line Item Eliminated	
HOLIDAY LIGHTING AND DÉCOR	10,740	12,000	12,000	No Change From 2025/2026 Budget	
AT&T WIRELESS SERVICE	1,792	0	2,000	AT&T Wireless Service	
PRESSURE CLEANING	9,340	10,000	10,000	No Change From 2025/2026 Budget	
MAINTENANCE CONTINGENCY	5,262	8,000	8,000	$2,000 Decrease From 2025/2026 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	151,903	$	173,520	$	180,020		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	2,200	2,000	2,000	No Change From 2025/2026 Budget	
PAYROLL TAXES (EMPLOYER)	168	153	153	Supervisor Fees * 7.65%	
MANAGEMENT	33,348	34,308	35,232	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2025/2026 Budget	
LEGAL	7,613	11,500	10,500	FY 2025/2026 Expenditure Through Jan 2026 Was $2,315	
LEGAL/OTHER	0	2,400	2,400	No Change From 2025/2026 Budget	
ASSESSMENT ROLL	6,000	6,000	6,000	As Per Contract	
AUDIT FEES	3,600	3,700	3,800	Accepted Amount For 2025/2026 Audit	
ARBITRAGE REBATE FEE	650	650	650	No Change From 2025/2026 Budget	
INSURANCE	8,696	9,200	9,900	Fiscal Year 2024/2025 Expenditure Was $9,217	
LEGAL ADVERTISING	988	4,000	3,000	$1,000 Decrease From 2025/2026 Budget	
MISCELLANEOUS	1,392	2,600	2,500	$100 Decrease From 2025/2026 Budget	
POSTAGE	142	400	375	$25 Decrease From 2025/2026 Budget	
OFFICE SUPPLIES	311	550	525	$25 Decrease From 2025/2026 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2025/2026 Budget	
TRUSTEE FEES	3,500	4,500	4,300	$200 Decrease From 2025/2026 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2025/2026 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2025/2026 Budget	
ADMINISTRATIVE CONTINGENCY	0	1,000	1,000	No Change From 2025/2026 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,333	$	89,686	$	89,060		
					
TOTAL EXPENDITURES	$	227,236	$	263,206	$	269,080		
					
REVENUES LESS EXPENDITURES	$	337,492	$	281,788	$	275,932		
					
BOND PAYMENTS	(287,781)	(283,925)	(283,925)	2027 P & I Payments Less Interest	
					
BALANCE	$	49,711	$	(2,137)	$	(7,993)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(5,233)	(10,871)	(10,869)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(20,447)	(21,742)	(21,738)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	24,031	$	(34,750)	$	(40,600)		
					
CARRYOVER FROM PRIOR YEAR	0	34,750	40,600	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	24,031	$	-	$	-		

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

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

COMMENTS	

Interest Income	
4,197	
1,000	
1,250	
Projected Interest For 2026/2027	

NAV Tax Collection	
287,780	
283,925	
283,925	
Maximum Debt Service Collection	

Total Revenues	
$	291,977	
$	284,925	
$	285,175		

EXPENDITURES					

Principal Payments	
168,000	
176,000	
185,000	
Principal Payment Due In 2027	

Interest Payments	
90,258	
107,100	
98,075	
Interest Payments Due In 2027	

Bond Redemption	
0	
1,825	
2,100	
Estimated Excess Debt Collections	

Total Expenditures	
$	258,258	
$	284,925	
$	285,175		

Excess/ (Shortfall)	
$	33,719	
$	-	
$	-		

Series 2024 Bond Refunding Information

Original Par Amount =	$2,398,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2024			
Maturity Date =

Par Amount As Of 1-1-2026 =	May 2035

$2,230,000			

Page 13

Bluewaters Community Development District Assessment Comparison

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

Administrative	$	186.80	$	192.25	$	197.23	$	195.57	
Maintenance	$	230.20	$	315.18	$	310.15	$	311.60	
Debt	$	884.10	 $	635.89	$	635.89	 $	635.89	
Total	$	1,301.10	$	1,143.32	$	1,143.27	$	1,143.06	

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

 Community Information:	
Total Units	476	
Prepayments	1	
Billed for Debt	475	

IV

LAW OFFICES
BILLING@COCHRAN
ESTABUSHED 1977

KENNETH W. MORGAN, JR. MlCHAEL J. PAWELCZYK MANUEL R. COMRAS ANDREW A. RIEF
lEFfER.V R. LAWLEY GINGER E, WALD SCOTT C. COCHR.AN
ALINE 0, MARCANTDNlO JOHN C. WEBBER.

STEVEN F. B!LUNG (1947-1998) HAYWARD D. GAV (1943-2007)

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

PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270 PALM BEACH GARDENS, FLORIDA 33418
(56JJ 659-5970
(561) 659-6173 FAX

CHRISTINE A, BROWN GABRIHLA A. FERNANDEZ PEREZ
MARLENE E. GONZALEZ LOR I 8. LEW ELLEN LIZA E. SMOKER LUCAS A, WILLIAMS

OF COUNSEL: CLARK l. COCHRAN, JR, SUSAN F. DELEGAL DENNISE, LYLES
BRUCE M. RAMSEY
RICHARD T. WOULFE

WWW. Bl LL! NGCOCH RAN. COM PLEASE REPLY TO: FORT LAUDERDALE

February 2, 2026

VIA E-MAIL ONLY- asilva@sdsinc.org

Mr.. Armando Silva District Manager Special District Services The Oaks Center
2501A Burns Road
Palm Beach Gardens, FL 33410

Re: Adjustment to District Counsel Fee Structure Bluewaters Community Development District Our File: 577,03504
Dear Armando:
This firm s current fee structure has been in place since 2023. Although we are certainly mindful of the necessity to keep increases in the District's expenses including the cost oflegal services, to a mllllmum it bas become necessary for us to adjust our hourly rates effective, October 1 2026 as follows:

Attorneys/Partners:
Attorneys/Associates:

$300.00 per hour
$250.00 per hour

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

Mr. Armando Silva February 2, 2026
Page 2

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

MJP/jmp
cc: Brielle Barba, SDS (via email only)