MINUTES OF MEETING RANCHO GRANDE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rancho Grande Community Development District was held on Friday, February 20, 2026, at 11:05 a.m. at The Office of Lennar Homes, 5505 Waterford District Drive, Miami, Florida.
Present and constituting a quorum were:

Teresa Baluja	Chairperson
Vanessa Perez	Vice Chairperson
Carmen Orozco	Assistant Secretary Also present were:
Juliana Duque	District Manager, GMS
Liza Smoker	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Ms. Duque called the meeting to order and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Approval	of	Minutes	of	the
December 19, 2025 Meeting
Ms. Duque: You have the minutes of the December 19, 2025 meeting in your agenda package. Are there any comments, corrections, or changes to the minutes? If there are no changes to the minutes, a motion of approval would take place.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Minutes of the December 19, 2025 Meeting, were approved.

THIRD ORDER OF BUSINESS	Public Hearing to Consider the
Imposition	of	Special Assessments
Motion to Open the Public Hearing
Ms. Duque: Is there a motion to open the public hearing to consider the imposition of special assessments?

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Opening the Public Hearing, was approved.

Public Comment and Discussion
Ms. Duque: I'll open the floor for public comments regarding the proposed special assessment. For the record, I would like to mention that nobody is present and there is no one joining us over the teleconference.

Acceptance of Engineers Report
Ms. Duque: The engineer Juan Alvarez is not here today. I'm going to quickly go through his report. The engineer's report was prepared by Alvarez Engineer and is dated December 19, 2025. It was accepted in substantially final form at our December meeting. This report describes the 21.34 acres within the unincorporated Miami-Dade County and consisting of 150 single family units. The report also outlines the infrastructure to be financed totaling approximately $16,798,000. There are the roadway improvements including mobility fees, stormwater management and drainage, water distribution system including connection fees, sanitary sewer system including the connection fees. As it is being stated in his report the District will own, operate, and maintain the green open spaces tract and on-site road tracts. The District is also responsible for the drainage system servicing the on-site roads. In addition the District holds an easement of the stormwater drainage purposes over the cabana tracts. Unless there are any questions, I will ask a Board for a motion to accept the District engineers report.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting the Engineers Report, was approved.

Acceptance of Master Assessment Methodology
Ms. Duque: Next you have the Master Assessment Methodology report. The master assessment methodology report is dated July 11, 2025 and it was amended in February 2026. It was approved at our December meeting. This methodology allocates the anticipated $20,130,000 total bond debt for the 150 single family residential units on an equal per unit basis. The part debt allocation is $134,200 per unit and the annual debt assessment is $10,829. Remember this is the Master Assessment Methodology report which at some point will be supplemented. As is stated in this report, this assessment will initially be levied on the per acre basis across the 21.34 acres until platting is completed at which time the assessment will be assigned to the individual platted lots. Unless there are any questions, a motion to accept will take place.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting the Master Assessment Methodology, was approved.

Approving the Project and Declaring Special Assessments will Fund the Project Equalization of Assessments
Ms. Duque: Let's move forward to approving the project and declaring a special assessment that will fund the project equalization of assessments. This action formally approves the project describing the District engineers report and also declares that the special assessment levied will fund the project. The assessments are equalized across all benefited property based on the benefit received from the improvements. I will ask for a motion to approve the project and declare the special assessment will fund the project with equalization of assessment as described in the methodology report.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Approving the Project and Declaring Special Assessments will Fund the Project Equalization of Assessments, was approved.

Adoption of Resolution #2026-14 Authorizing Projects, Levying Special Assessments, and Confirming Intention to Issue Bonds
Ms. Duque: The next item is adoption of Resolution 2026-14 authorizing projects, levying a special assessment, and confirming the intention to issue the bond. This resolution, as the Board is very aware, is the final Chapter 170 resolution. This authorizes the infrastructure improvement continuing the project, formally levies the non-ad valorem special assessment on the benefited lands within the District, and it also confirms that the District intends to issue the bonds to finance the project. The resolution also directs that the assessment be collected through the uniform method of collection under Chapter 197. This this resolution implements the action we have taken through this public hearing. Upon the adoption the special assignment will be formally imposed.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Adopting Resolution #2026-14 Authorizing Projects, Levying Special Assessments, and Confirming Intention to Issue Bonds, was approved.

Motion to Close the Public Hearing
Ms. Duque: Is there a motion to open the public hearing?

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Closing the Public Hearing, was approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution
#2026-15 Approving the Annexation of the District
Ms. Duque: Resolution 2026-15 provides the authorization for District counsel and staff to coordinate with Miami-Dade County regarding the annexation process. The expansion will allow the District to provide infrastructure and service to additional lands consistent with the District's mission. I will ask for a motion from the Board to approve Resolution 2026-15.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution #2026-15 Approving the Annexation of the District, was approved.

FIFTH ORDER OF BUSINESS	Ranking	of	Respondents	to
Engineering Proposals for Engineering Services
Ms. Duque: The next item is the ranking of respondents to engineering proposal for engineering services. At our last meeting, which took place in December, we approved the Engineering Agreement with Alvarez Engineering following the CCNA selection process. However, for completeness and to finalize the record, we need to formally rank the respondent to the RFP for engineering services. Alvarez Engineer was the firm selected based on those qualifications and the experience with the CDD and also the competitive fee structure that he presented. I will ask a motion to then rank Alvarez Engineer as the top ranked firm and ratify the Board's previous selection.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Ranking Alvarez Engineer’s Inc. #1 and Ratifying the Board’s previous selection of Alvarez Engineer’s Inc., was approved.

SIXTH ORDER OF BUSINESS	Discussion	Regarding
Acquisition Agreement with Developer
Ms. Duque: Item six is discussion regarding Acquisition Agreement with the developer. The acquisition agreement is between the District and Lennar Homes LLC. This establishes the framework of the District to acquire the public infrastructure improvements from the developer. The so there is a maximum of the project cost, which is $16,798,000. It covers the stormwater, the sanitary, sewer, water distribution, roadway improvements. It also discusses that the developer will convey completed infrastructure and all necessary land at no cost to the District. The developer must complete all of those improvements regardless of bond proceeds sufficiency. There is one year warranty from defects in materials, equipment, and construction. This agreement protects the District by

ensuring the completion of all of those improvements and proper conveyance of infrastructure. Liza, would you like to add anything?

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Acquisition Agreement with Developer, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Smoker: The final hearing on the bond validation is scheduled for March 26, 2026. The order to show cause has been posted on the District's website. Looking ahead at some of the conveyances forthcoming, we would recommend lien searches are done just to make sure that the permits have been closed out and there are no liens on the property. We can try and do this going forward and pay out of the real estate construction account, but it's to prevent having to come back to a meeting to discuss. We just want to let you know that's the process we're looking for to go forward.

Engineer
There being no comments, the next item followed.

Manager
Ms. Duque: I have nothing additional at this time.

EIGHTH ORDER OF BUSINESS	Financial Reports – Acceptance
of Funding Requests #3 & #4
Ms. Duque: Under financial reports, you have acceptance of Funding Request #3
& #4.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting Funding Requests #3 & #4, was approved.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments

Ms. Duque: Are there any Supervisor requests? There is no audience present for the record.

TENTH ORDER OF BUSINESS	Adjournment
Ms. Duque: Is there a motion to adjourn the meeting?

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary

Chairman / Vice Chairman

Certificate Of Completion

Envelope Id: 1EC6D87D-16CC-4623-A01B-84FE7A282E1D	Status: Completed Subject: Rancho Grande: Complete with Docusign: Section 6-C - Resolution 2026-19.docx, Section 8 - Resolution
Source Envelope:
Document Pages: 53	Signatures: 19	Envelope Originator:
Certificate Pages: 2	Initials: 0	Ellen Acosta

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1001 Bradford Way
Kingston, TN 37763 eacosta@gmssf.com
IP Address: 162.199.192.217

Record Tracking		
Status: Original
3/20/2026 10:10:18 AM	Holder: Ellen Acosta
eacosta@gmssf.com	Location: DocuSign	
Signer Events	Signature	Timestamp	
Greg McPherson greg.mcpherson@lennar.com VP of Finance	
	Sent: 3/20/2026 10:21:08 AM Viewed: 3/23/2026 6:43:02 AM Signed: 3/23/2026 6:43:41 AM	
Security Level: Email, Account Authentication
(None)	Signature Adoption: Pre-selected Style
Using IP Address: 50.223.15.20

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Juliana Duque jduque@gmssf.com
District Manager - Assistant Secretary
Security Level: Email, Account Authentication
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Using IP Address: 2601:586:5382:cb60:401e:441f:c146:2872

Sent: 3/20/2026 10:21:07 AM Viewed: 3/20/2026 11:14:05 AM Signed: 3/20/2026 11:20:06 AM

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Teresa Baluja teresa.baluja@lennar.com Chair

(None)	Signature Adoption: Uploaded Signature Image
Using IP Address: 50.223.15.20		
Electronic Record and Signature Disclosure:
Not Offered via Docusign			
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Intermediary Delivery Events	Status	Timestamp	
			
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Carbon Copy Events	Status	Timestamp	

Security Level: Email, Account Authentication

Sent: 3/20/2026 10:21:06 AM Viewed: 3/20/2026 11:54:17 AM Signed: 3/20/2026 11:54:41 AM

Witness Events	Signature	Timestamp	
			
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Envelope Summary Events	Status	Timestamps	
Envelope Sent	Hashed/Encrypted	3/20/2026 10:21:08 AM	
Certified Delivered	Security Checked	3/20/2026 11:54:17 AM	
Signing Complete	Security Checked	3/20/2026 11:54:41 AM	
Completed	Security Checked	3/23/2026 6:43:41 AM	
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