September 2, 2025 Dear Board Members: The regular meeting of the Board of Supervisors of the Tranquility Community Development District will be held Tuesday, September 9, 2025 at 10:00 AM at 5445 S. Washington Ave., Titusville, FL 37780. Following is the advance agenda for the meeting: Board of Supervisors Meeting 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Appointment of Individual to Fill Vacant Seat 5 B. Administration of Oaths of Office to Newly Elected Supervisors C. Consideration of Resolution 2025-04 Appointing Assistant Secretary 4. Approval of Minutes of the August 8, 2025 Board of Supervisors Meeting A. Attorney B. Engineer C. District Manager’s Report i. Balance Sheet and Income Statement ii. Ratification of Funding Requests No. 42-43 5. Financing Matters A. Presentation and Approval of First Supplemental Engineer’s Report dated June 17, 2025 B. Presentation and Approval of First Supplemental Assessment Methodology dated August 8, 2025 C. Consideration of Resolution 2025-08 Supplemental Assessment Resolution 6. Ratification of Fiscal Year 2025 Audit Services Engagement Letter 7. Staff Reports 8. Other Business 9. Supervisors Requests 10. Adjournment RESOLUTION 2025-04 A RESOLUTION OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT APPOINTING AN ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS WHEREAS, the Board of Supervisors of the Tranquility Community Development District desires to appoint _____________________ as an Assistant Secretary. NOW, THREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT: _________________ is appointed as Assistant Secretary of the Board of Supervisors ADOPTED ON THIS _______ DAY OF ____________ 2025. _____________________________ ____________________________ Secretary/ Assistant Secretary Chairman/ Vice Chairman MINUTES OF MEETING TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Tranquility Community Development District was held on Wednesday, August 8, 2025 at 2:11 p.m. at 5445 S. Washington Ave. Floor, Titusville, Florida. Present and constituting a quorum were: Gary Allen Jr. Chairman Ken Belshe via phone Vice Chairman William Livingston Assistant Secretary Clint Smith Assistant Secretary Also, present were: Jeremy LeBrun District Manager, GMS Rodney Honeycutt District Engineer, Honeycutt & Associates Mark Watts by phone Cobb Cole Lo Etienne by phone Bryant, Miller, Olive Sara Zare by phone MBS Capital Markets Darrin Mossing Jr. by phone GMS The following is a summary of the discussions and actions taken at the August 8, 2025 Tranquility Community Development District’s Regular Board of Supervisor’s Meeting. FIRST ORDER OF BUSINESS Roll Call Mr. LeBrun called the meeting to order at 2:11 p.m. Three Supervisors were in attendance in person constituting a quorum and Mr. Belshe joined the meeting by phone. SECOND ORDER OF BUSINESS Public Comment Period Mr. LeBrun opened the meeting to public comment and asked that comments be kept to three minutes. There being no comments, the next item followed. THIRD ORDER OF BUSINESS Organizational Matters A. Appointment of Individual to Fill Vacant Seat 5 Mr. Lebrun asked if the Board had any nominations for the vacant Board seat. They did not and this item will roll over to the next month’s Board of Supervisors meeting. B. Administration of Oaths of Office to Newly Elected Supervisors C. Consideration of Resolution 2025-04 Appointing Assistant Secretary Items A through C were tabled to a future meeting agenda. FOURTH ORDER OF BUSINESS Approval of Minutes of the May 20, 2025 Board of Supervisors Meeting Mr. LeBrun presented the minutes of the May 20, 2025 Board of Supervisor’s meeting and asked for any comments, corrections, or questions. Hearing no changes to the minutes, Mr. LeBrun asked for a motion to approve. On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, the Minutes of the May 20, 2025 Board of Supervisors Meeting, were approved. FIFTH ORDER OF BUSINESS Public Hearing Mr. LeBrun asked for a motion to open the public hearing. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Opening the Public Hearing, was approved. A. Consideration of Resolution 2025-05 Adopting the Fiscal Year 2026 Proposed Budget and Appropriating Funds Mr. LeBrun presented the resolution and summarized the budget to the Board and offered to answer any questions. There have been small unsubstantial changes made to the budget since the preliminary budget had been approved by the Board in May. There were no Board questions and there was a motion to approve the resolution. On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, Resolution 2025-05 Adopting the Fiscal Year 2026 Proposed Budget and Appropriating Funds, was approved. B. Consideration of Resolution 2025-06 Imposing Fiscal Year 2026 Special Assessments and Certifying Assessment Roll Mr. LeBrun presented the resolution and noted that this is the mechanism that will be used to fund the budget and offered to answer any Board questions. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Resolution 2025-06 Imposing Fiscal Year 2026 Special Assessments and Certifying Assessment Roll, was approved. Mr. LeBrun asked for a motion to close the public hearing. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Closing the Public Hearing, was approved. SIXTH ORDER OF BUSINESS Consideration of Fiscal Year 2026 Developer Funding Agreement Mr. LeBrun noted that this updates the Fiscal Year 2025 Funding Agreement for the upcoming year. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, the Fiscal Year 2026 Developer Funding Agreement, was approved. SEVENTH ORDER OF BUSINESS Financing Matters A. Presentation and Approval of First Supplemental Engineer’s Report Mr. Honeycutt noted that there had been no changes to the First Supplemental Engineer’s Report and highlighted some areas for the Board. He offered to answer any questions. On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, the First Supplemental Engineer’s Report, was approved. B. Presentation and Approval of First Supplemental Assessment Methodology dated August 8, 2025 Mr. LeBrun summarized the tables on the report for the Board starting on page 57 of the agenda package. He offered to answer any questions. There being no questions, he asked for a motion of approval and the next item followed. On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, Presentation and Approval of First Supplemental Assessment Methodology dated August 8, 2025, was approved. C. Consideration of Resolution 2025-07 Delegation Resolution (Series 2025) Mr. LeBrun presented the resolution to the Board and Mr. Watts summarized it for the Board. He noted there will be several documents to be executed in the upcoming bond series and stated that primary purposes of the resolution is to authorize the Chair or Vice Chair to work with staff to finalize documents related to the bond issuant and execute the documents that are consistent with Board approved parameters. There were no Board questions and there was a motion of approval On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Resolution 2025-07 Delegation Resolution (Series 2025), was approved. D. Consideration of Series 2025 Ancillary Documents i. Completion Agreement between the CDD and Carolina Holdings II, LLC Mr. Watts summarized all ancillary documents for the Board and offered to answer any questions. Mr. LeBrun asked that the Board approves these documents in final substantial form pending staff review and signoff by Chair or Vice Chair. ii. Collateral Assignment from Carolina Holdings II, LLC to the CDD iii. True Up Agreement Between the CDD and Carolina Holdings II, LLC iv. Acquisition Agreement between the CDD and Carolina Holdings II, LLC v. Declaration of Consent to Jurisdiction and Imposition of Series 2025 Assessments On MOTION by Mr. Allen, seconded by Mr. Smith, with all in favor, the 2025 Ancillary Documents, were approved in substantial form. EIGHTH ORDER OF BUSINESS Presentation of Fiscal Year 2024 Financial Audit Report Mr. LeBrun presented the audit report and noted that its findings can be found in the agenda package for review. This was considered a clean audit with no findings and asked for a motion to approve the report. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Accepting the Fiscal Year 2024 Financial Audit Report, was approved. NINTH ORDER OF BUSINESS Staff Reports A. Attorney Mr. Watts had nothing to report to the Board and offered to answer any questions. B. Engineer Mr. Honeycutt had nothing to report. C. District Manager’s Report i. Balance Sheet and Income Statement Mr. LeBrun presented the unaudited financials through June 30, 2025. No action was required from the Board at this time. ii. Ratification of Funding Requests No. 38-41 Mr. LeBrun presented Funding Requests No. 38-41 and asked for ratification. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Funding Requests No. 38-41, were ratified. iii. Approval of the Fiscal Year 2026 Meeting Schedule Mr. LeBrun presented the Fiscal Year 2026 Meeting Schedule keeping it the same as the previous year on an as needed basis. On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, the Fiscal Year 2026 Meeting Schedule, was approved. iv. District Goals & Objectives i. Adoption of Fiscal Year 2026 Goals & Objectives Mr. LeBrun presented the Fiscal Year 2026 goals & objectives that match the current goals set for the District that are in compliance with statutory requirements. On MOTION by Mr. Belshe, seconded by Mr. Smith, with all in favor, Adoption of the Fiscal Year 2026 Goals & Objectives, were approved. ii. Presentation of Fiscal Year 2025 Goals & Objectives Authorizing Chair to Execute Mr. LeBrun presented the goals and objectives from 2025 and noted that they are in line to meet them and asked for the Board to authorize the Chair to execute these to the state and posted to the District website as required by State statute. On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, Accepting the Fiscal Year 2025 Goals & Objectives Authorizing Chair to Execute, was approved. TENTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. ELEVENTH ORDER OF BUSINESS Supervisors Requests There being no comments, the next item followed. TWELFTH ORDER OF BUSINESS Adjournment Mr. LeBrun asked for a motion to adjourn the meeting. On MOTION by Mr. Smith, seconded by Mr. Allen, with all in favor, the meeting was adjourned. ________________________ _____________________________ Secretary/Assistant Secretary Chairman/Vice Chairman