SILVER PALMS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 16, 2026
6:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.silverpalmscdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA SILVER PALMS
COMMUNITY DEVELOPMENT DISTRICT
Meeting Room at Mercedes Benz of Cutler Bay 10701 SW 211th Street
Cutler Bay, Florida 33189 Regular Board Meeting March 16, 2026
6:00 p.m.
Call to Order
Proof of Publication	Page 1
Establish Quorum
Accept the Resignation of Supervisor Omar Reyes holding Seat No. 2
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 20, 2025 Regular Board Meeting Minutes	Page 3
Old Business
New Business
Consider Resolution No. 2026-01 – Approving a Proposed Budget for FY 2026/2027	Page 10
Consider Approval of Billing Cochran Rate Adjustment Request	Page 17
Administrative Matters
Financial Update	Page 19
Announce the 2026 General Election and Candidate Qualifying Period – Noon, Monday, June 8, 2026, through Noon, Friday, June 12, 2026
Board Members/Staff: Additional Comments/Requests
Adjourn

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AFFIDAVIT OF PUBLICATION

Account#	Order Number	Identification	Order PO	Cols	Depth	
57890	IPL0279119	Legal Ad- lPL0279119		1.0	78.0L	

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

PUBLISHED DAILY MIAMI-DADE-FLORIDA

STATE OF FLORIDA COUNTY OF MIAMI-DADE

SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT
AND FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Board of Supervisors of the Silver Palms Community Development Dis-trict will hold Regular Meetings for the Fiscal Year 2025/2026 at 6:00 p.m. in a Meeting Room at Mercedes Benz of Cutler Bay located at 10701 &N 211th Street, Cutler Bay, Florida 33189, on the following dates:
October 20, 2025
March 16, 2026
May 18, 2026
August 17, 2026
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in ac-cordance with the provisions of Flor-ida law. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922 five (5) days prior to the date of the particular meeting.
From time to time one or two Super-visors may participate by telephone; therefore, at the location of these meetings there will be a speaker tele-phone present so that interested per-sons can attend the meetings at the above location and be fully infom,ed of the discussions taking place either in person or by telephone communi-cation. Meetings may be continued as found necessary to the 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 insure 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-mOOations or an interpreter to partic-ipate at any of these meetings should contact the District Manager at 786-

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: 10/10/25 Print

Print Tearsheet Link

Marketplace Link

Amanda Rodela

s�	!l el/,ac�

Sworn to and subscribed before

347-2711 Ext. 2011 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 without advertised notice.
SILVER  PALMS  COMMUNITY

me on

Oct 10, 2025, 9:55 AM EDT

DEVELOPMENT DISTRICT
www.silverpalmscdd.org PUBLISH:	MIAMI	HERALD 10/10/25
IPL0279119
Oct 10 2025

Online Notary Public. This notarial act involved the use of online audio/video communication technology. Notarization facilitated by SIGNiX•
Page 1

SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT
AND FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Board of Supervisors of the Silver Palms Community Development Dis-trict will hold Regular Meetings for the Fiscal Year 2025/2026 at 6:00 p.m. in a Meeting Room at Mercedes Benz of Cutler Bay located at 10701 SW 211th Street, Cutler Bay, Florida 33189, on the following dates:
October 20, 2025
March 16, 2026
May 18, 2026
August 17, 2026
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in ac-cordance with the provisions of Flor-ida law. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922 five (5) days prior to the date of the particular meeting.
From time to time one or two Super-visors may participate by telephone; therefore, at the location of these meetings there will be a speaker tele-phone present so that interested per-sons can attend the meetings at the above location and be fully informed of the discussions taking place either in person or by telephone communi-cation. Meetings may be continued as found necessary to the 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 insure 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 786-347-2711 Ext. 2011 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 without advertised notice.
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT
www.silverpalmscdd.org PUBLISH:	MIAMI	HERALD 10/10/25
IPL0279119 Oct 10 2025

Page 2

SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 20, 2025

CALL TO ORDER

The October 20, 2025, Regular Board Meeting of the Silver Palms Community Development District (the “District”) was called to order at 6:00 p.m. in a Meeting Room of Mercedes Benz of Cutler Bay located at 10701 SW 211th Street, Cutler Bay, Florida 33189.

PROOF OF PUBLICATION

Proof of publication was presented that Notice of the Regular Board Meeting had been published in the Miami Herald on October 10, 2025, as part of the District’s Fiscal Year 2025/2026 Meeting Schedule, as legally required.

ESTABLISH A QUORUM
It was determined that the attendance of the following Supervisors constituted a quorum, and it was in order to proceed with the meeting: Chairperson Lisa Riley and Supervisors Omar Reyes, Bryan Riley and Ashley Riley.

Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

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
May 19, 2025, Public Hearing & Regular Board Meeting

Mrs. Perez presented the minutes of the May 19, 2025, Public Hearing & Regular Board Meeting and recommended approval.

A MOTION was made by Supervisor Ashley Riley, seconded by Bryan Riley and passed unanimously approving the minutes of the May 19, 2025, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS
There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2024/2025 Amended Budget

Mrs. Perez presented Resolution No. 2025-05, entitled:
RESOLUTION NO. 2025-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SILVER PALMS 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.

Mrs. Perez explained, as done every year for administrative and statutory requirements, within 60 days of any given fiscal year end, the Board adopts a revised/amended budget for said year. The fiscal year ended on September 30, 2025. This is the reason it is administrative in nature (past year’s budget for past year’s expenses) and will serve as the Board’s final approval/ratification of the District’s expenditures for the past fiscal year.

A MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and unanimously passed adopting Resolution No. 2025-05, adopting a Fiscal Year 2024/2025 Amended Budget.

Supervisor Ingrid Love arrived at approximately 6:02 p.m.

Consider Resolution No. 2025-06 – Approving Interlocal Access Agreement for Local Government Publication of Legal Advertisements and Public Notices on County Designated Website and Authorizing Signatories

Mrs. Perez presented Resolution No. 2025-06, entitled:

RESOLUTION 2025–06
A RESOLUTION OF THE SILVER PALMS 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
Mrs. Perez presented the Miami-Dade County Advertisement Interlocal Agreement (the “ILA”) and went on to explain that the District requires publications and the costs associated with them. She added that due to the closing of the Miami Daily Business Review, the District has had to advertise in The Miami Herald. She indicated that a standard publication in the Miami Herald costs well in excess of the cost typically paid in the past.

This higher cost prompted Special District Services’ management team to seek an alternative for legal publications. Mrs. Perez stated that her office had been in communication with Miami-Dade County (the “County”) Communications and it was determined that advertising on the County’s website was an option for the Board to consider which complies with Florida Statutes. This has resulted in the County Attorney’s review and authorization of the District entering into an Interlocal Agreement with community development districts. This is a great accomplishment that will save the District considerably for legal publications. The estimated cost of advertising on the County website is $707 annually.

The ILA has been reviewed by District Counsel and has been deemed acceptable. Miami-Dade County is now requesting that the Board allocate authorized signers; therefore, District Counsel has prepared the presented resolution for the Board’s consideration.

A MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and passed unanimously adopting Resolution No. 2025-06, as presented.

Consider Resolution No. 2026-07 – Goals & Objectives Annual Report

Mrs. Perez presented Resolution No. 2025-07, entitled:

RESOLUTION 2025-07

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

Ms. Wald provided an overview of the Resolution Adopting Goals and Objectives.

A MOTION was then made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and passed unanimously adopting Resolution No. 2025-07, as presented, and adopting the same goals and objectives presented as the exhibit to Resolution 2025-07.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financials provided in the meeting materials and briefly went over them. Available funds as of September 30, 2025 were $218,156.78.

A MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and passed unanimously ratifying and approving the financials, as presented.

Legislative Update

Ms. Wald reviewed the 2025 Legislative Update Memorandum that was presented in the meeting
material and addressed the Board’s questions.

Reminder – Required Annual Fout (4) Hours of Ethics Training

Mrs. Perez reminded the Board that they were required to complete four (4) hours of ethics training annually and in order to comply with the 2025 Form 1, due by July 1, 2026, the hours must be completed no later than December 31 of this year. She further noted that links to two training sessions were available on the website.

DISTRICT ENGINEER UPDATE ON EROSION CONTROL AND SHORELINE RESTORATION PROJECT

The District Engineer provided a written update on the project and Mrs. Perez shared the same. Pursuant to Mr. Camacho’s report, the following information was provided:
Construction Schedule
Plan sheet showing both staging areas

It was noted that several trees and fences from adjacent residential properties extend into the designated work area.

Fences:

10774 SW 229th St, Miami, FL 33170 (white metal fence)
10804 SW 229th St, Miami, FL 33170 (chain-link fence)
10816 SW 229th St, Miami, FL 33170
Trees:
23044 SW 107th Pl, Miami, FL 33170
23017 SW 108th Ct, Miami, FL 33170
23028 SW 108th Ct, Miami, FL 33170 (newly planted)
23017 SW 109th Ave, Miami, FL 33170
10846 SW 229th St, Miami, FL 33170
10816 SW 229th St, Miami, FL 33170

Mrs. Perez stated that she would have the Landshore Proposed Schedule and Staging Area Information attached to the minutes for record purposes.
A brief discussion ensued regarding the removal of the encroachments.

BOARD MEMBER/STAFF ADDITIONAL COMMENTS/REQUESTS

There were no further comments.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned on a MOTION made by Supervisor Lisa Riley, seconded by Supervisor Ingrid Love and passed unanimously adjourning the meeting at 6:26 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

SW 229th St

PROPERTY LINE

TOB : EL ~ 1.50'

25+00

BASELINE OF CONSTRUCTION

26+52

TOS: EL ~ 4.50

TOS  TOS

TOS

TOS

TOS

TOS

TOS

TOS

TOS

27+00	28+00

EXISTING TREES

29+00

0	80	160
Feet
SCALE: 1" = 80'

31+00

TOB

WL  WL

TOB

WL  WL

WL

TOS

TOS  TOS  TOS

TOS

WL TOB

WL

WL

WL

  TOB 

TOB

TOS

TOS

TOS

TOB

WL

WL

WL

WL

WL  WL  WL  WL  WL  WL  WL  WL

TOS  TOS

TOB

WL

WL

WL

WL  WL

TOB

WL

TOB

WL

TOS

TOS

TOS

TOS

TOS

TOB

TOB

TOS

TOS

TOB

TOB

TOS

TOS

TOB

TOB WL

WL

TOB

WL

TOB

TOS

TOS

TOS

TOB
WL  WL

WL

TOB

TOB

TOB

TOS

TOB

WL

WL

WL  WL

  TOB  TOB

 TOB

WL

TOB

TOS

TOB
WL  WL

WL

TOB

TOB

WL  WL

TOB

WL  WL
TOB  TOB

TOS

WL	WL  WL  WL  WL

WL

WL  WL  WL  WL  WL  WL  WL  WL  WL  WL  WL  WL  WL

WL

TOB  TOB

PROPERTY LINE

TOS: EL ~ 4.50

INSTALL TYPE I FLOATING TURBIDITY BARRIER	 5 

TOB

20

WL  WL  WL

TOB  TOB  TOB  TOB  TOB

TOS  TOS  TOS  TOS

WL : EL ~ 0.17'

O.W.T
0.00'
12/5/2023

  

WL  WL

23+00

7

INSTALL TYPE I FLOATING TURBIDITY BARRIER	 5 
20

TEMPORARY SITE BENCHMARK LANDSHORE TBM # 113

WL

NAIL & WASHER NORTHING: 443867.1949

WL  WL

1+00

EASTING: 865571.6320 ELEV (NAVD88): 5.62 FT ELEV (NGVD29): 7.140 FT

1

WL  WL  WL

  1   PROPOSED
20  STAGING AREA

22+00

TOB : EL ~ 0.49'

21+44

24" DIA. CONCRETE PIPE EXISTING HEADWALL

6

WL  

TOS: EL ~ -5.53

WL

EXISTING TREES
TOB : EL ~ 0.49'

TOB  TOB  TOB  TOB

24" DIA. CONCRETE PIPE EXISTING HEADWALL

TOB  TOB

WL

TOB : EL ~ 0.49'

TOB

TOB

TOB

2+00

TOS: EL ~ 6.10

WL  WL  WL

TOS

TOS

SW 109th Ave

PROPOSED	 1 

WL  WL

21+00

STAGING AREA  20

TOS  TOS  TOS  TOS

  TOB  TOB  TOB

WL

WL  WL  WL  WL  WL  WL

WL  WL

WL  WL  WL

TOS  TOS

3+00

SW 107th Pl

BASELINE OF CONSTRUCTION

TOB WL

WL

WL

EXISTING FENCE

TOS  TOS  TOS  TOS

TOB  TOB  TOB

WL  WL  WL  WL

WL  WL  WL

WL

20+00

BASELINE OF CONSTRUCTION

WL

WL  WL  WL

TOS  TOS

2

TOB : EL ~ 0.49'

WL

5

WL : EL ~ -0.01'

WL

WL

WL

WL

TOS

TOB

WL

4+00

TOB : EL ~ 0.49'

WL TOB

WL

WL

WL	WL
TOB  TOB

WL	WL	WL

WL	WL	WL

WL  WL	WL

WL  WL

WL  WL  WL  WL

WL

WL

WL

WL

WL

WL

WL

WL

WL	WL

TOB

TOB  TOB  TOB  TOB

TOB

19+00

TOS: EL ~ 4.50

TOS

TOS

TOS  TOS

18+00

UTILITY

17+00

17+67

EXISTING FENCE

SW 231st Ter

7+00

TOS: EL ~ 6.10

6+00

6+12

Pieter Marais Lombard

5+00

Digitally signed by Pieter Marais Lombard
Date: 2024.02.07
15:46:12 -05'00'

© Erosion Restoration, LLC.

DATE

REVISIONS
BY	DESCRIPTION

118 Shamrock Blvd.,

THIS ITEM HAS BEEN DIGITALLY SIGNED AND SEALED

BY

PIETER

M.

LOMBARD ON THE

PROJECT NO.	SHEET

SHEET/OF

06/09/2022	MR	ADJUSTED LENGTHS OF ELEMENTS

Venice, FL 34293
Office: 941-303-5238
Fax: 941-218-6113

DATE ADJACENT TO THE SEAL.

PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED SIGNED AND SEALED AND THE SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES.

SURVEY CONTROL PLAN

2023-107
DRAWN BY:
JP

Z-202	5 /20
DATE:	SCALE:
01/26/2024	1" = 80'

Page 8

ID	Ta Task Name M

Duration

Start

Finish

Predecessors

ust 2025	September 2025	October 2025	November 2025	December 2025

January 2026

February 2026	March 2026	April 202

8 13 18 23 28 2  7 12 17 22 27 2  7 12 17 22 27 1 6 11 16 21 26 1  6 11 16 21 26 31 5 10 15 20 25 30 4  9 14 19 24 1  6 11 16 21 26 31 5 10

1	Silver Palm CDD
2	MOBILIZATION

3	CLEARING AND GRUBBING & SET UP EQUIPMENT

95 days

1 day

3 days

10/13/2025

10/13/2025

10/14/2025

3/6/2026

10/13/2025

10/16/2025	2

10/13
MOBILIZATION 10/13	10/13

CLEARING AND GRUBBING & SET UP EQUIPMENT 10/14	10/16

Silver Palm CDD

3/6

4		CONCRETE BLOCK EROSION CONTROL MAT - 512 SF
5	Regular Excavation

6	Embankment and Grading

7	Filter Fabric Type Non-Woven

8	Flexamat/Shoreflex

9	Final Grading and Shaping Flexamat / Shoreflex

11 days

2 days

2 days

3 days

3 days

3 days

10/17/2025

10/17/2025

10/21/2025

10/23/2025

10/24/2025

10/29/2025

10/31/2025

10/20/2025

10/22/2025

10/27/2025

10/28/2025

10/31/2025

3

5

6

7SS+1 day 8

CONCRETE BLOCK EROSION CONTROL MAT - 512 SF 10/17	10/31

Regular Excavation 10/17	10/20

Embankment and Grading 10/21	10/22

Filter Fabric Type Non-Woven 10/23	10/27

Flexamat/Shoreflex 10/24	10/28

Final Grading and Shaping Flexamat / Shoreflex 10/29	10/31

10	ECO FILTER TUBE

11	Regular Excavation

68 days

3 days

11/3/2025

11/3/2025

2/18/2026

11/5/2025	9

11/3
Regular Excavation 11/3	11/5

ECO FILTER TUBE

2/18

12	Supporting tube -2,514 LF

25 days

11/6/2025

12/12/2025

Supporting tube -2,514 LF

13	Supporting EFT

14	Base Tube - 2,530 LF

15	Base EFT

25 days

25 days

11/6/2025

12/15/2025

12/12/2025	11

1/28/2026

11/6

11/6

Supporting EFT

12/15

12/15

12/12

12/12
Base Tube - 2,530 LF Base EFT

1/28

1/28

16	Final Grading and Shaping EFT

17	SODDING

18	Erosion Control Blanket / Mat

25 days	12/15/2025	1/28/2026	13	
15 days	1/29/2026	2/18/2026	15	
10 days	2/19/2026	3/4/2026		

4 days

2/19/2026

2/24/2026	16

Final Grading and Shaping EFT 1/29	2/18
SODDING
2/19	3/4
Erosion Control Blanket / Mat 2/19	2/24

19	Sod

6 days

2/20/2026

2/27/2026

18SS+1 day

Sod
2/20

2/27

20	Access Area to Repair

3 days

3/2/2026

3/4/2026	19

Access Area to Repair

3/2	3/4

21	PUNCH LIST REVIEW AND COMPLETION

1 day

3/5/2026

3/5/2026	20

PUNCH LIST REVIEW AND COMPLETION

3/5	3/5

22	DEMOBILIZATION

1 day

3/6/2026

3/6/2026	21

DEMOBILIZATION

Project: Landshore LLC Date: 9/10/2025

Task Split
Milestone

 Summary  Project Summary
	Inactive Task

Inactive Milestone Inactive Summary Manual Task

Duration-only
Manual Summary Rollup Manual Summary
Page 1

Start-only Finish-only External Tasks

External Milestone Deadline
Progress

Manual Progress

3/6

3/6

Page 9

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Silver Palms Community Development District (“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 SILVER PALMS 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 May 18, 2026 at 6:00 p.m. in the Meeting Room at Mercedes Benz of Cutler Bay, 10701 SW 211th Street, Cutler Bay, Florida 33189, and/or utilizing communications media technology (whichever is applicable) for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 16th day of March, 2026.

ATTEST:	SILVER PALMS
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Silver Palms 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
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
Administrative Assessments	63,236	
Maintenance Assessments	42,771	
Debt Assessments	193,202	
Interest Income	1,320	
TOTAL REVENUES	$	300,529	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Lawn Maintenance/Landscaping	27,000	
Aquatic Maintenance	2,000	
Maintenance/District Improvements	4,205	
Engineering/Inspections	3,000	
Engineering-Extraordinary-Erosion Control	0	
Contingency/Reserve	4,000	
Erosion Control & Shoreline Restoration	0	
TOTAL MAINTENANCE EXPENDITURES	40,205	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	420	
Management	22,092	
Secretarial	2,700	
Legal	9,000	
Assessment Roll	3,500	
Audit Fees	3,600	
Insurance	8,300	
Legal Advertisements	2,750	
Miscellaneous	750	
Postage	250	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	4,250	
Continuing Disclosure Fee	250	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	65,187	
		
TOTAL EXPENDITURES	$	105,392	
		
REVENUES LESS EXPENDITURES	$	195,137	
		
Debt Payments	(181,610)	
		
BALANCE	$	13,527	
		
County Appraiser & Tax Collector Fee	(5,984)	
Discounts For Early Payments	(11,968)	
		
Excess/ (Shortfall)	$	(4,425)	
		
Carryover Funds From Prior Year	4,425	
		
Net Excess/ (Shortfall)	$	-	

DETAILED PROPOSED BUDGET
SILVER PALMS 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	63,802	63,283	63,236	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	42,773	42,771	42,771	Expenditures /.94	
Debt Assessments	193,203	193,202	193,202	Bond Payments/.94	
Interest Income	9,675	1,200	1,320	Estimated At $110 Per Month	
TOTAL REVENUES	$	309,453	$	300,456	$	300,529		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Lawn Maintenance/Landscaping	25,209	27,000	27,000	No Change From 2025/2026 Budget	
Aquatic Maintenance	2,000	2,000	2,000	No Change From 2025/2026 Budget	
Maintenance/District Improvements	0	4,205	4,205	No Change From 2025/2026 Budget	
Engineering/Inspections	1,505	3,000	3,000	No Change From 2025/2026 Budget	
Engineering-Extraordinary-Erosion Control	7,986	0	0		
Contingency/Reserve	0	4,000	4,000	No Change From 2025/2026 Budget	
Erosion Control & Shoreline Restoration	25,005	0	0		
TOTAL MAINTENANCE EXPENDITURES	61,705	40,205	40,205		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	184	420	420	Projected At 8% Of Supervisor Fees	
Management	20,916	21,516	22,092	CPI Adjustment	
Secretarial	2,700	2,700	2,700	No Change From 2025/2026 Budget	
Legal	7,098	9,000	9,000	No Change From 2025/2026 Budget	
Assessment Roll	3,500	3,500	3,500	As Per Contract	
Audit Fees	3,500	3,600	3,600	Accepted Amount For 2025/2026 Audit	
Insurance	6,858	7,400	8,300	Fiscal Year 2025/2026 Expenditure Was $7,769	
Legal Advertisements	2,084	3,000	2,750	$250 Decrease From 2025/2026 Budget	
Miscellaneous	500	800	750	$50 Decrease From 2025/2026 Budget	
Postage	129	250	250	No Change From 2025/2026 Budget	
Office Supplies	236	450	400	$50 Decrease From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	4,246	4,250	4,250	No Change From 2025/2026 Budget	
Continuing Disclosure Fee	250	250	250	No Change From 2025/2026 Budget	
Website Management	1,750	1,750	1,750	No Change From 2025/2026 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	56,526	$	64,061	$	65,187		
					
TOTAL EXPENDITURES	$	118,231	$	104,266	$	105,392		
					
REVENUES LESS EXPENDITURES	$	191,222	$	196,190	$	195,137		
					
Debt Payments	(183,976)	(181,610)	(181,610)	2027 Principal & Interest Payments	
					
BALANCE	$	7,246	$	14,580	$	13,527		
					
County Appraiser & Tax Collector Fee	(2,880)	(5,985)	(5,984)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,415)	(11,970)	(11,968)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	(7,049)	$	(3,375)	$	(4,425)		
					
Carryover Funds From Prior Year	0	3,375	4,425	Carryover Funds From Prior Year	
					
Net Excess/ (Shortfall)	$	(7,049)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SILVER PALMS 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	
3,573	
1,000	
1,200	
Projected Interest For 2026/2027	

NAV Tax Collection	
183,976	
181,610	
181,610	
Maximum Debt Service Collection	

Total Revenues	
$	187,549	
$	182,610	
$	182,810		

EXPENDITURES					

Principal Payments	
115,000	
121,000	
127,000	
Principal Payment Due In 2027	

Interest Payments	
68,495	
60,159	
54,269	
Interest Payments Due In 2027	

Bond Redemption	
0	
1,451	
1,541	
Estimated Excess Debt Collections	

Total Expenditures	
$	183,495	
$	182,610	
$	182,810		

Excess/ (Shortfall)	
$	4,054	
$	-	
$	-		

Note: 2023 Bond Refunding, Included Project Proceeds Of $480,000.

Series 2023 Bond Refunding Information		
Original Par Amount =	$1,552,000	Annual Principal Payments Due:	May 1st	
Interest Rate = Issue Date = Maturity Date =	4.75%
June 2023
May 2034	May 1st
Annual Interest Payments Due: May 1st & November 1st	May 1st & November 1st	
Par Amount As Of 1/1/26 =	$1,327,000			

Silver Palms Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	
$	305.88	
$	315.37	
$	314.98	
$	
314.62	
Maintenance	$	193.18	$	212.80	$	212.80	$	212.80	
Debt	 $	609.19	$	961.21	$	961.21	$	961.21	
Total	$	1,108.25	$	1,489.38	$	1,488.99	$	1,488.63	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	201

LAW OFFICES
BILLING©COCHRAN
ESTABLISHED 1977

KENNETH W. MORGAN, JR. MICHAEL l. PAWELCZYK MANUEL R, COMRAS ANDREW A. RlEF
JEFFERY R. LAWLEY GINGER E. WALD SCOTT C, COCH RAN
ALINE 0. MARCANTONIO JOHN C. WEBBER

STEVEN F, BILLING (1947-1998)

BllLING COCHRAN, P.A.
LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764·7 l 50
(954) 764-7279 FAX

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

CHRISTINE A. BROWN GABRIELLA A. FERNANDEZ PEREZ
MARLENE E, GONZALEZ LORI 8, LEWELLEN LIZA E. SMOKER LUCAS A. WILLIAMS

OF COUNSEL: CLARK J. COCHRAN, JR.
SUSAN F. DELEGAL DENNISE, LYLES BRUCE M. RAMSEY

HAYWARD O. GAY (1943-2007)		

RICHARDT. WOULFE

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

February 2, 2026

VIA E-MAIL ONLY- gperez@sdsinc.org Ms. Gloria Perez
District Manager Special District Services Kendall Office Center
8785 SW 165th Avenue, #200
Miami, FL 33193

Dear Gloria:

Re:		Adjustment to District Counsel Fee Structure Silver Palms Community Development District Our File: 536.03087

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 of legal services, to a minimum, it has become necessary for us to adjust our hourly rates effective, October 1, 2026, as follows:

Attorneys/Partners:
Attomeys/ 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.

Ms. Gloria Perez February 2, 2026
Page 2

Naturally, should you feel you have any questions or require any further information 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.

Mi Fort

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

Silver Palms Community Development District

Financial Report For February 2026

Silver Palms Community Development District
Budget vs. Actual
October 2025 through February 2026

	Oct 25 - Feb 26	25/26 Budget	$ Over Budget	% of Budget	
Income						
363.100	ꞏ Admin Assessments	58,230.05	63,283.00	-5,052.95	92.02%	
363.101	ꞏ Maintenance Assessments	39,357.00	42,771.00	-3,414.00	92.02%	
363.810	ꞏ Debt Assessment	177,771.48	193,202.00	-15,430.52	92.01%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-168,928.77	-181,610.00	12,681.23	93.02%	
363.830	ꞏ County Tax Collector Fee	-2,634.96	-5,985.00	3,350.04	44.03%	
363.831	ꞏ Discounts for Early Payments	-11,061.94	-11,970.00	908.06	92.41%	
369.042	ꞏ Carryover From Prior Year	0.00	3,375.00	-3,375.00	0.0%	
369.401	ꞏ Interest Income	889.03	1,200.00	-310.97	74.09%	
Total Income	93,621.89	104,266.00	-10,644.11	89.79%	
Gross Profit		93,621.89	104,266.00	-10,644.11	89.79%	
Expense						
511.122	ꞏ Payroll Tax Expense	107.10	420.00	-312.90	25.5%	
511.131	ꞏ Supervisors Fees	1,400.00	5,000.00	-3,600.00	28.0%	
511.306	ꞏ Lawn Maint/Landscaping	7,930.30	27,000.00	-19,069.70	29.37%	
511.307	ꞏ Aquatic Maintenance	833.30	2,000.00	-1,166.70	41.67%	
511.308	ꞏ Maint/District Improvements	0.00	4,205.00	-4,205.00	0.0%	
511.309	ꞏ Contingency/Reserve	0.00	4,000.00	-4,000.00	0.0%	
511.310	ꞏ Engineering	0.00	3,000.00	-3,000.00	0.0%	
511.311	ꞏ Management Fees	8,965.00	21,516.00	-12,551.00	41.67%	
511.312	ꞏ Secretarial Fees	1,125.00	2,700.00	-1,575.00	41.67%	
511.315	ꞏ Legal Fees	3,185.00	9,000.00	-5,815.00	35.39%	
511.316	ꞏ Eng- Shoreline Ctrl & Rest Proj	4,607.50	0.00	4,607.50	100.0%	
511.318	ꞏ Assessment/Tax Roll	0.00	3,500.00	-3,500.00	0.0%	
511.320	ꞏ Audit Fees	0.00	3,600.00	-3,600.00	0.0%	
511.450	ꞏ Insurance	7,769.00	7,400.00	369.00	104.99%	
511.480	ꞏ Legal Advertisements	544.21	3,000.00	-2,455.79	18.14%	
511.512	ꞏ Miscellaneous	406.36	800.00	-393.64	50.8%	
511.513	ꞏ Postage and Delivery	209.73	250.00	-40.27	83.89%	
511.514	ꞏ Office Supplies	115.75	450.00	-334.25	25.72%	
511.540	ꞏ Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
511.733	ꞏ Trustee Fees	0.00	4,250.00	-4,250.00	0.0%	
511.734	ꞏ Continuing Disclosure Fee	0.00	250.00	-250.00	0.0%	
511.750	ꞏ Website Management	729.15	1,750.00	-1,020.85	41.67%	
Total Expense	38,102.40	104,266.00	-66,163.60	36.54%	
		55,519.49		0.00		55,519.49		100.0%	

`	SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
FEBRUARY 2026

REVENUES	
Annual Budget
10/1/25 - 9/30/26	

Actual Feb-26	Year To Date Actual
10/1/25 - 2/28/26	
Administrative Assessments	63,283	0	58,230	
Maintenance Assessments	42,771	0	39,357	
Debt Assessments	193,202	0	177,771	
Interest Income	1,200	0	889	
Total Revenues	$	300,456	$	-	$	276,247	
				
EXPENDITURES				
Maintenance Expenditures				
Lawn Maintenance/Landscaping	27,000	1,449	7,930	
Aquatic Maintenance	2,000	167	833	
Maintenance/District Improvements	4,205	0	0	
Engineering/Inspections	3,000	0	0	
Engineering - Shoreline Control & Restoration Project	0	0	4,608	
Contingency/Reserve	4,000	0	0	
Total Maintenance Expenditures	$	40,205	$	1,616	$	13,371	
				
Adminstrative Expenditures				
Supervisor Fees	5,000	0	1,400	
Payroll Taxes (Employer)	420	0	107	
Management	21,516	1,793	8,965	
Secretarial	2,700	225	1,125	
Legal	9,000	0	3,185	
Assessment Roll	3,500	0	0	
Audit Fees	3,600	0	0	
Insurance	7,400	0	7,769	
Legal Advertisements	3,000	0	544	
Miscellaneous	800	31	406	
Postage	250	21	210	
Office Supplies	450	11	116	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,250	0	0	
Continuing Disclosure Fee	250	0	0	
Website Management	1,750	146	729	
Total Administrative Expenditures	$	64,061	$	2,227	$	24,731	
				
Total Expenditures	$	104,266	$	3,843	$	38,102	
				
Revenues Less Expenditures	$	196,190	$	(3,843)	$	238,145	
				
Bond Payments	(181,610)	0	(168,929)	
				
Balance	$	14,580	$	(3,843)	$	69,216	
				
County Appraiser & Tax Collector Fee	(5,985)	0	(2,635)	
Discounts For Early Payments	(11,970)	0	(11,062)	
				
Excess/ (Shortfall)	$	(3,375)	$	(3,843)	$	55,519	
				
Carryover From Prior Year	3,375	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(3,843)	$	55,519	

Bank Balance As Of 2/28/26	$	303,677.96	
Accounts Payable As Of 2/28/26	$	30,051.87	
Accounts Receivable As Of 2/28/26	$	-	
Available Funds As Of 2/28/26	$	273,626.09	

SILVER PALMS CDD TAX COLLECTIONS 2025-2026

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	Admin.
Assessment Income (Before Discounts & Fee)	Maint Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	Admin.
Assessment Income (After Discounts & Fee)	Maint Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$299,261.00	$63,285.00	$42,773.00	$  193,203.00	$63,285.00	$42,773.00	$  193,203.00		
									$281,301.00	$59,486.00	$40,205.00	$  181,610.00	$59,486.00	$40,205.00	$  181,610.00	181,610.00	
1	1	Miami-Dade Tax Collector	12/05/25	NAV Taxes	$  235,239.88		$	(2,258.31)	$	(9,409.24)	$  223,572.33	$	49,746.17	$	33,622.84	$  151,870.87	$	47,278.83	$	31,955.20	$  144,338.30	$  144,338.30	
2	2	Miami-Dade Tax Collector	11/28/25	NAV Taxes	$	10,422.02		$	(100.05)	$	(416.87)	$	9,905.10	$	2,203.94	$	1,489.62	$	6,728.46	$	2,094.62	$	1,415.74	$	6,394.74	$	6,394.74	
3	3	Miami-Dade Tax Collector	12/24/25	NAV Taxes	$	10,422.02		$	(100.19)	$	(401.97)	$	9,919.86	$	2,203.94	$	1,489.62	$	6,728.46	$	2,097.74	$	1,417.85	$	6,404.27	$	6,404.27	
4	4	Miami-Dade Tax Collector	11/17/25	NAV Taxes	$	14,888.60		$	(142.93)	$	(595.52)	$	14,150.15	$	3,148.49	$	2,128.03	$	9,612.08	$	2,992.34	$	2,022.48	$	9,135.33	$	9,135.33	
5	5	Miami-Dade Tax Collector	11/25/25	NAV Taxes	$	4,386.01		$	(33.48)	$	(238.34)	$	4,114.19	$	927.51	$	626.89	$	2,831.61	$	870.03	$	588.03	$	2,656.13	$	2,656.13	
6									$	-							$	-	
7									$	-							$	-	
8									$	-							$	-	
9									$	-							$	-	
10									$	-							$	-	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
15									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
					$ 275,358.53	$	-	$  (2,634.96)	$ (11,061.94)	$ 261,661.63	$  58,230.05	$  39,357.00	$ 177,771.48	$  55,333.56	$  37,399.30	$ 168,928.77	$ 168,928.77	

	Assessment Roll		  Collections 	Note: Top line are 2025/2026 budgeted assessments before discounts and fees.	
Admin:	$63,284.85	92.01%	Bottom line are 2025/2026 budgeted assessments after discounts and fees.	
Maint:	$42,772.80			
	Debt:	$193,203.21
Total	$299,260.86

$  275,358.53
$	-	
$  261,661.63	
$  (58,230.05)	$  (55,333.56)	
$  (39,357.00)	$  (37,399.30)	
$ (177,771.48)	$ (168,928.77)	
$	-	$	-	

Assessment Roll:
201 Units X 1,488.86 = 299,286.99