Live Oak No. 1 Community Development District

Board of Supervisors	District Staff
Michael Ceparano, Chairman	Heather Dilley, District Manager
Jim Hurley, Vice Chairman	Tracy Robin, District Counsel
Nilesh Patel, Assistant Secretary	Stephen Brletic, District Engineer Gerald Woods, Assistant Secretary
VACANT, Assistant Secretary
Meeting Agenda
Tuesday, February 17, 2026 – 10:00 a.m.
Live Oak Clubhouse
9401 Oak Preserve Blvd., Tampa, FL

Call to Order
Audience Comments
Business Items
Consideration for Adoption – Resolution 2026-06, Election of Board Members in the Upcoming General Election
Consideration for Approval – AMTEC – Arbitrage Rebate Computation Proposal for Special Assessment Refunding Bonds, Series 2013
Consent Agenda
Acceptance of the Unaudited January 2026 Financials
Approval of the Minutes of the December 16, 2025 Meeting
Staff Reports
Engineer’s Report
Attorney’s Report
Manager’s Report
Supervisor’s Requests
Adjournment

RESOLUTION 2026-_06_
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LIVE OAK NO. 1 COMMUNITY DEVELOPMENT DISTRICT REGARDING THE ELECTION OF BOARD MEMBERS IN THE UPCOMING GENERAL ELECTION.
WHEREAS, the Live Oak No. 1 Community Development District ("District") is a local unit of special-purpose government situated in Hillsborough County, Florida (the “County”);

WHEREAS, the Board of Supervisors of the District (the “Board”) is the governing body of the District and each Board member is elected or appointed to a specific seat on the Board and the terms are staggered so that there is always an election every 2 years for certain seats on the Board;
WHEREAS, Section 190.003(17), Florida Statutes defines a “qualified elector” as someone who is at least 18 years of age, a citizen of the United States, a legal resident of Florida and of the District, and who registers to vote with the County Supervisor of Elections where the District is located;
WHEREAS, after the transition to qualified elector seats each Board member has a 4-year term and as their term expires their seats will be for election pursuant to Sections 190.006(3)(a) 2.b. and 2.c, Florida Statutes;
WHEREAS, the following Board seats will be up for election in the upcoming 2026 General Election and all seats will have 4-year terms:
Seat No. 4, Currently held by Michael Ceparano Seat No. 5, Currently held by Gerald Woods
NOW, THEREFORE BE IT RESOLVED BY THE BOARD THAT:
Section 1. General Election. The seats designated above will be up for election in the upcoming General Election (with election day being the first Tuesday of November) by the qualified electors residing within the boundaries of the District.
Section 2. Qualifying Period. The period of qualifying as a candidate to serve as a member on the Board is noon, Monday June 8, 2026 through noon, Friday June 12, 2026. This Resolution shall serve as the District’s notice of the qualifying period, pursuant to Section 190.006(3)(b), Florida Statutes. Interested candidates should contact the County Supervisor of Elections for further information.

Section 3. Conduction and Procedure of Election.
Other than supplying the seats up for election to the County Supervisor of Elections, the District is not involved in the election.
The election shall be conducted according to the requirements of general law and law governing special district elections.
Candidates seeking election shall conduct their campaigns in accordance with the provisions of Chapter 106, Florida Statutes and shall file qualifying papers and qualify for individual seats in accordance with Section 99.061, Florida Statutes.
The election shall be held at the precinct polling places designated by the County Supervisor of Elections.
The polls shall be opened and closed as provided by law, including, but not limited to Section 100.011, Florida Statutes.

4924-2070-7982 v.1	Page 1 of 2

The ballot shall contain the names of the candidates to be voted upon, pursuant to Section 101.151, Florida Statutes.
The Department of State shall make out a notice stating what offices are to be filled at the general election, pursuant to Section 100.021 Florida Statutes.

Section 4. Election Costs. The District shall be responsible for paying the District’s proportionate share
of the regular election costs, if any, pursuant to Section 100.011, Florida Statutes.
Section 5. Effective Date and Transmittal. This Resolution shall become effective upon its passage and the District Manager is authorized to transmit a copy of this Resolution to the County Supervisor of Elections.
This Resolution is duly passed and adopted on February 17, 2026.

Attest:	Live Oak No. 1
Community Development District

Print Name: 		Print Name: 	
□ Secretary / □ Assistant Secretary	□ Chairperson / □ Vice Chairperson

4924-2070-7982 v.1	Page 2 of 2

Arbitrage Rebate Computation Proposal For
$6,255,000
Live Oaks No. 1 Community Development District
(Hillsborough County, Florida)
Special Assessment Refunding Bonds, Series 2013

May 12, 2025

Live Oaks No. 1 Community Development District c/o Ms. Kerian Robertson, MBA
Treasury Analyst Inframark
210 N. University Drive, Suite 702 Coral Springs, FL 33071

Re:	$6,255,000 Live Oak No. 1 Community Development District, (Hillsborough County, Florida), Special Assessment Refunding Bonds, Series 2013

Dear Ms. Robertson:

AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the ability to complete rebate computations for the above-referenced Lexington Oaks Community Development District (the “District”) above referenced bond issue (the “Bonds”). We do not sell investments or seek an underwriting role. As a result of our specialization, we offer very competitive pricing for rebate computations. Our typical fee averages less than $1,000 per year, per issue and includes up to five years of annual rebate liability reporting.
Firm History

AMTEC was incorporated in 1990 and maintains a prominent client base of colleges and universities, school districts, hospitals, cities, state agencies and small-town bond issuers throughout the United States. We currently compute rebate for more than 7,500 bond issues and have delivered thousands of rebate reports. The IRS has never challenged our findings.

Southeast Client Base
We provide arbitrage rebate services to over 400 bond issues aggregating more than $9.3 billion of tax-exempt debt in the southeastern United States. We have recently performed computations for the Magnolia West, East Park, Palm Coast Park, Windward and Town Center at Palm Coast Park Community Development Districts. Additionally, we are exclusive rebate consultant to Broward County and the Town of Palm Beach in Florida. Nationally, we are rebate consultants for the City of Tulsa (OK), the City of Lubbock (TX) and the States of Connecticut, Montana, Mississippi, West Virginia, Vermont and Alaska.

Proposal

We are proposing rebate computation services based on the following:

Special Assessment Refunding Bonds, Series 2013
Fixed Rate Debt
Escrow, Debt Service Reserve, Costs of Issuance & Debt Service Accounts.

Should the Tax Agreement require rebate computations for any other accounts, computations will be extended to include those accounts at no additional cost to the District.

Our guaranteed fee for rebate computations for the Bonds is $600 per year and will encompass all activity from March 7, 2013, the date of the closing, through the March 7, 2028 mandatory IRS 5-year Computation Date. The fee is based upon the size as well as the complexity. Our fee is payable upon your acceptance of our rebate reports, which will be delivered shortly after the report dates specified in the following table.

AMTEC's Professional Fee

Report Date	Type of Report	Period Covered	Fee	
May 31, 2025	Rebate and Opinion	Closing – February 28, 2024	$ 600	
May 31, 2025	Rebate and Opinion	Closing – February 28, 2025	$ 600	
February 28, 2026	Rebate and Opinion	Closing – February 28, 2026	$ 600	
February 28, 2027	Rebate and Opinion	Closing – February 28, 2027	$ 600	
March 7, 2028	Rebate and Opinion	Closing – March 7, 2028	$ 600	
In order to begin, we are requesting copies of the following documentation:

US Bank statements for all accounts through each report date

AMTEC's Scope of Services

Our standard engagement includes the following services:
Review of all bond documents and account statements for possible rebate exceptions;
Computation of the rebate liability and/or the yield restricted amount, in accordance with Section 148 of the Internal Revenue Code, commencing with the date of the closing through required reporting date of the Bonds;
Independent calculation of the yield on the Bonds to ensure the correct basis for any rebate liability. This effort provides the basis for our unqualified opinion;
Reconciliation of the sources and uses of funds from the bond documentation;
Calculation and analysis of the yield on all investments, subject to the Regulations, for each computation period;
Production of rebate reports, indicating the above stated information, and the issuance of the AMTEC Opinion;

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Recommendations for proactive rebate management;
Commingled funds, transferred proceeds and yield restriction analyses, if necessary;
Preparation of IRS Form 8038-T and any accompanying documentation, should a rebate payment be required;
We will discuss the results of our Reports with you, your auditors, and our continued support in the event of an IRS inquiry; and
We guarantee the completeness and accuracy of our work.

The District agrees to furnish AMTEC with the required documentation necessary to fulfill its obligation under the scope of services. The District will make available staff knowledgeable about the bond transactions, investments and disbursements of bond proceeds.

The District agrees to pay AMTEC its fee after it has been satisfied that the scope of services, as outlined under the Proposal, has been fulfilled. AMTEC agrees that its fee is all-inclusive and that it will not charge the District for any expenses connected with this engagement.

The parties have executed this Agreement on 	, 2025.

Live Oaks No. 1	Consultant: American Municipal Tax-Exempt
Community Development District	Compliance Corporation
	
By:	By:	Michael J. Scarfo
Senior Vice President

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Live Oak 1
Community Development District

Financial Statements (Unaudited)

Period Ending
January 31, 2026

LIVE OAK
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
JANUARY 31, 2026

1	ASSETS	
GENERAL FUND		DEBT SERVICE 2013		TOTAL GOVERNMENTAL
FUNDS	
2	Operating:						
3	Cash In Bank-Bank United	$	1,959,054		$	-		$	1,959,054	
4	Cash in Bank - Valley Bank	647,313		-		647,313	
Cash in Bank - Valley Bank Restricted
Debt Service:	343,557		-		343,557	
Revenue Fund
Sinking Fund
Interest Fund
Prepayment Fund
Reserve Fund
Principal
Optional Redemption
Cash - Construction
Accounts Receivable	-
-
-
-
-
-
-
- 269		339,214
-
-
- 43,917
-
-
-
-		339,214
-
-
- 43,917
-
-
- 269	
16	Assessments Receivable	64,543		67,493		132,036	
17	Prepaid Expenses	5,645		-		5,645	
Refundable Deposits
Due from Debt Service
Due from General Fund	1,375
-
-		-
- 369,755		1,375
- 369,755	
21	Total Assets	$	3,021,757		$	820,379		$	3,842,136	

22	LIABILITIES						
23	Accounts Payable	$	13,101		$	-		$	13,101	
24	Accrued Expenses	9,027		-		9,027	
Due To Debt Service
Due to Reserve
Due to GF
Deferred Revenue On Roll	369,755
-
- 64,543		-
-
- 67,493		369,755
-
- 132,036	
29	Total liabilities	456,426		67,493		523,919	

30	FUND BALANCES						
31	Nonspendable	7,020		-		7,020	
32	Operating Reserves	59,315		-		59,315	
33	Reserved for Ponds	1,713,567		752,886		2,466,453	
34	Reserved for Roadways	272,000		-		272,000	
35	Unassigned	513,428		-		513,428	
36	Total fund balances	2,565,331		752,886		3,318,217	
37	Total liabilities and fund balances	$	3,021,757		$	820,379		$	3,842,136	

LIVE OAK 1
COMMUNITY DEVELOPMENT DISTRICT
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE GENERAL FUND
FOR THE PERIOD OCTOBER 01, 2025 THROUGH JANUARY 31, 2025

	FY 2026		FY 2026		FY 2026		YTD	
	ADOPTED		YTD		YTD		VARIANCE	
	BUDGET		BUDGET		ACTUAL		FAV (UNFAV)	
1	REVENUES												
2	Special Assessments: Tax Roll	$	456,918	$	365,534	$	416,820	$	51,286	
3	Special Assessments: Discounts		(18,277)		(18,277)		(16,450)		1,827	
4	Interest - Investements		50,000		16,667		30,640		13,973	
5	Miscellaneous		-		-		-		-	
6	Total Revenues		488,641			363,924			431,009			67,085	

7	
EXPENDITURES									
8	Administrative									
9	Supervisor Fees		8,000		2,667		1,400		1,267	
10	FICA Taxes		612		204		15		189	
11	Payroll Services		150		50		45		5	
12	Arbitrage Rebate Calculation		800		267		-		267	
13	District Management		45,000		15,000		11,579		3,421	
14	District Engineer		11,000		3,667		1,690		1,977	
15	Legal Services		4,000		1,333		2,419		(1,085)	
16	Trustee fees		3,287		1,096		1,369		(273)	
17	Assessment Collection Cost		9,138		7,310		8,000		(690)	
18	Auditing Services		5,400		5,400		5,500		(100)	
19	Postage and Freight		100		33		53		(20)	
20	General Liability Insurance		8,645		2,882		2,823		59	
21	Printing and Binding		100		33		-		33	
22	Reconds Storage		720		240		60		180	
23	Legal Advertising		3,400		1,133		376		757	
24	Dues, Licenses & Fees		175		175		175		-	
25	Website Hosting, Maintenance, and Email		2,800		933		867		67	
26	Total Administrative		103,327			42,423			36,371			6,054	

27	
Physical Environment									
28	Contracts - Landscape		47,724		15,908		15,908		-	
29	Contracts - Lakes		36,996		12,332		12,332		-	
30	Electric Utility Services		11,000		3,667		4,128		(461)	
31	Street Lights		40,000		13,333		11,282		2,051	
32	Wetland Monitoring & Maintenance		4,000		1,333		-		1,333	
33	Hurricane Expense		10,000		3,333		-		3,333	
34	Contingency		57,908		19,303		37,051		(17,748)	
35	Reserve - Ponds		177,686		59,229		-		59,229	
36	Total Physical Environment		385,314			128,438			80,700			47,737	

37	Total expenditures		488,641			170,861			117,071			53,791	

38	
Excess/(deficiency) of revenues over/(under) expenditures		

-		

193,063		

313,938		

120,876	

39	
Fund balance - beginning (unaudited)						
2,251,393			
40	Unrestricted Fund Balance Adjustment												
41	Fund balance - ending							$	2,565,331				

LIVE OAK 1
COMMUNITY DEVELOPMENT DISTRICT
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE DEBT SERVICES FUND SERIES 2013
FOR THE PERIOD OCTOBER 01, 2025 THROUGH JANUARY 31, 2025

			FY 2026						YTD	
			ADOPTED		YTD		YTD		VARIANCE	
			BUDGET		BUDGET		ACTUAL		FAV (UNFAV)	
1	REVENUES												
2	Special Assessments: Tax Roll	$	477,357	$	381,886		435,409	$	53,524	
3	Special Assessments: Discounts		(19,094)		-	$	(17,184)		(17,184)	
4	Interest		-		-		4,870		4,870	
5	Total reveneues		458,263			381,886			423,095			41,209	
6	EXPENDITURES												
7	Administrative									
8	Assessment Collection Cost		9,547		9,547		8,357		1,190	
9	Debt Service									
10	Principal		335,000		-		-		-	
11	Interest		107,616		53,808		53,808		-	
13	Total debt service		591,785			202,977			62,165			2,325	
													
14	Total expenditures		591,785			202,977			62,165			2,325	
15	Excess/(deficiency) of revenues over/(under) expenditures		(133,522)			178,909			360,930			43,535	

16	
Fund balance - beginning (unaudited)						
391,956			
17	Fund balance - ending							$	752,886				

Live Oak 1 CDD
Cash Reconciliation - General Fund January 31, 2026

Balance per Bank Statement	$	991,192.40

Deposits	$	-

Less: Outstanding Checks	$	(321.66)

Adjusted Bank Balance	$	990,870.74

Beginning Cash Balance Per Books	$	961,765.57	
Cash Receipts	$	382,335.08	
Cash Disbursements	$	(353,229.91)	
Book Balance	$	990,870.74	

	Live Oak 1 CDD
Check Register FY2026		
Date	Check #	Payee	Deposit	Disbursement	Deposit	Balance	
11/30/2025	Trial Balance				333,360.69	
12/03/2025 579		On roll assessments deposit		116,773.13	450,133.82	
12/03/2025 579		transfer debt service allocation on roll assessments to restricted cash	59,659.39		390,474.43	
12/03/2025 579		transfer debt service allocation on roll assessments to restricted cash		59,659.39	450,133.82	
12/05/2025 580		On roll assessments deposit		467,390.68	917,524.50	
12/05/2025 580		transfer debt service allocation on roll assessments to restricted cash	238,789.90		678,734.60	
12/05/2025 580		transfer debt service allocation on roll assessments to restricted cash		238,789.90	917,524.50	
12/19/2025 581		On roll assessments deposit		52,475.51	970,000.01	
12/19/2025 581		transfer debt service allocation on roll assessments to restricted cash	26,809.74		943,190.27	
12/19/2025 582		teco payment dec	1,029.80		942,160.47	
12/19/2025 581		transfer debt service allocation on roll assessments to restricted cash		26,809.74	968,970.21	
12/31/2025		Interest		2,748.77	971,718.98	
12/31/2025 577	Straley Robin Vericker	check # 1000077 invoice dated 11/28/25 included in AP in TB	187.60		971,531.38	
12/31/2025 577	Inframark	ACH to Inframark not included in trial balance or outstanding checks dated 12/1/25	4,079.00		967,452.38	
12/31/2025 578	Solitude Lake Management	ACH debit Dec lake maintenance contract	3,083.00		964,369.38	
12/31/2025			333,638.43	964,647.12	964,369.38	
01/05/2026 585		payroll services fees 1/5/25	22.70		964,346.68	
01/06/2026 581		On roll assessments deposit		35,069.80	999,416.48	
01/06/2026 581		transfer debt service allocation on roll assessments to restricted cash	17,917.16		981,499.32	
01/06/2026 581		transfer debt service allocation on roll assessments to restricted cash		17,917.16	999,416.48	
01/08/2026 300001	Tampa Electric	Invoice: 121825-3046 (Reference: LIVE OAK PRESERVE BLVD-November 13, 2025 - December 12, 2025. )	2,820.47		996,596.01	
01/13/2026 100000	Grau and Associates	VOID: Invoice: 28451 (Reference: Audit FYE 09/30/2025. )			996,596.01	
01/13/2026 100001	Solitude Lake Management	Invoice: PSI228904 (Reference: Annual Maintenance-Jan 2026. )	3,083.00		993,513.01	
01/13/2026 300000	Tampa Electric	Invoice: 122325-6531 (Reference: CENTER OAK DR-November 18, 2025 - December 17, 2025. )	1,038.15		992,474.86	
01/14/2026 100003	Brletic Dvorak Inc	Invoice: 2280 (Reference: Project Manager [December 08]. )	105.00		992,369.86	
01/14/2026 100004	Driggers Engineering Services, Inc	Invoice: TL-15507 (Reference: Field Observation-Oct 2025. )	400.00		991,969.86	
01/16/2026 593		On roll assessments deposit - Interest		745.90	992,715.76	
01/16/2026 593		transfer debt service allocation on roll assessments to restricted cash	381.08		992,334.68	
01/16/2026 593		transfer debt service allocation on roll assessments to restricted cash		381.08	992,715.76	
01/31/2026		Interest		2,962.11	995,677.87	
01/31/2026 582		check # 100078 written by prior mgmt co - appears to be written after nov bank recon	216.66		995,461.21	
01/31/2026 583		A/P to get bill and record	2,820.47		992,640.74	
01/31/2026 584	Straley Robin Vericker	Ck # 1000002 A/P to enter bill and check	1,770.00		990,870.74	
01/31/2026			30,574.69	57,076.05	990,870.74	

MINUTES OF MEETING LIVE OAK NO. 1
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Live Oak No. 1 Community Development District was held on Tuesday, December 16 at 10:08 a.m. in the Live Oak Clubhouse, 9401 Oak Preserve Boulevard, Tampa, Florida.

Present and constituting a quorum were:

Michael Ceparano	Chairman
Jim Hurley	Vice Chairman
Nilesh Patel (via Teams)	Assistant Secretary
Gerald Woods	Assistant Secretary Also present was:
Heather Dilley	District Manager
The following is a summary of the discussions and actions taken.
FIRST ORDER OF BUSINESS	Call to Order
The meeting was called to order.
SECOND ORDER OF BUSINESS	Public Comments on Agenda Items
None.
THIRD ORDER OF BUSINESS	Business Items
Consideration of Adoption – Resolution 2026-01, Designating Officers
Consideration of Adoption – Resolution 2026-02, Designating Primary Administrative Office Headquarters
Consideration of Adoption – Resolution 2026-03, Designating a Public Depository

On MOTION by Mr. Ceparano seconded by Mr. Hurley, with all in favor, Resolutions 2026-01, 2026-02, and 2026-
03 were adopted. 4-0

Consideration of Adoption – Resolution 2026-04, Authorizing Bank Account Signatories
Consideration of Adoption – Resolution 2026-05, Designating Local District Records Office

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December 16, 2025	Live Oak No. 1 CDD

On MOTION by Mr. Ceparano seconded by Mr. Patel, with all in favor, Resolutions 2026-04 and 2026-05 were adopted. 4-0

Discussion of Pond Permit Corrections
Consideration of Approval – CLS Environmental Services – Dewatering Pond 7C Proposal - $5,951.33
Mr. Ceparano made a motion to authorize the Chair to approve the proposal in the amount not to exceed $30,000.00.

On MOTION by Mr. Ceparano seconded by Mr. Hurley, with all in favor, authorizing the Chair to approve the Dewatering Pond 7C proposal in the amount not to exceed
$30,000.00 was approved. 4-0

FOURTH ORDER OF BUSINESS	Consent Agenda
Acceptance of the Unaudited October 2025 Financials
Approval of the Minutes of the October 21, 2025 Meeting

On MOTION by Mr. Ceparano seconded by Mr. Hurley, with all in favor, the Consent Agenda was approved. 4-0

FIFTH ORDER OF BUSINESS	Staff Reports
Engineer’s Report
BDI Engineering CDD Labor Rates January 1, 2026 - September 30, 2026
Attorney’s Report
None
Manager’s Report
None
SIXTH ORDER OF BUSINESS	Supervisors’ Requests
None.
SEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Ceparano seconded by Mr. Patel, with all in favor, the meeting was adjourned at 10:27 a.m. 4-0

Michael Ceparano Chairman

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