25-01351T

NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, BY THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF
ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, BY THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

NOTICE OF MEETING OF THE BABCOCK RANCH COMMUNITY
INDEPENDENT SPECIAL DISTRICT

The Babcock Ranch Community Independent Special District Governing Board (“Board”) will hold public hearings and public meeting on

PUBLIC HEARINGS AND MEETING
DATE: January 22, 2026
TIME: 4:00 PM
LOCATION: Babcock Ranch Field House Cafeteria
43281 Cypress Parkway
Babcock Ranch, Florida 33982

The public hearing is being held to consider the adoption of an assessment roll, the imposition of special assessments to provide security for a proposed additional State Infrastructure Bank Loan (“SIB Loan”) on benefited lands within the Babcock Ranch Community Independent Special District (“District”) relating to SR 31 Offsite Road Improvements, a depiction of which lands to be assessed is shown below, and to provide for the levy, collection and enforcement of the special assessments. The streets and areas to be improved are depicted below and in the District’s Supplemental Engineer’s Report for Babcock Ranch State Road 31 Offsite Improvements, dated September 11, 2025 (“Improvement Plan”). The public hearing is being conducted pursuant to Chapters 170, 189 and 197, Florida Statutes, and Chapter 2007-306, Laws of Florida, as amended. A description of the property to be assessed and the amount to be assessed to each piece or parcel of property may be ascertained by contacting the District Manager at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431, (561) 571-0010. A regular meeting of the District will also be held where the Board may consider any other business that may properly come before it.

The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The infrastructure improvements (“Improvements”) are currently expected to include, but are not limited to, SR 31 offsite roadway and related improvements all as more specifically described in the Improvement Plan, on file and available during normal business hours at the addresses provided above.

The District intends to impose assessments on benefited lands within the District in the manner set forth in the District’s SR31 Offsite Road Improvement 2025 Special Assessment Methodology Report, dated December 18, 2025 (“Assessment Report”), which is on file and available during normal business hours at the addresses provided above. The Assessment Report identifies the assessment area within the District and assessments for each land use category that is currently expected to be assessed. The method of allocating assessments for the Improvements to be funded by the District will initially be determined on an equal assessment per acre basis. The methodology is explained in more detail in the Assessment Report.

The annual principal assessment levied against each parcel will be based on repayment over a maximum of twenty (20) years for the total debt allocated to each parcel. The District expects to collect sufficient revenues to retire no more than $10,000,000 in debt to be assessed by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment and interest. The proposed annual schedule of assessments is as follows:



























* Includes collections fees and early payment discount - assumes payment in March

The assessments may be prepaid in whole at any time, or in some instances in part, or may be paid in not more than nineteen (19) annual installments subsequent to the issuance of debt to finance the improvements. These annual assessments will be collected on the Charlotte County tax roll by the Tax Collector. Alternatively, the District may choose to directly collect and enforce these assessments. All affected property owners have the right to appear at the public hearing and the right to file written objections with the District within twenty (20) days of the publication of this notice.

The Board meeting and hearings are open to the public and will be conducted in accordance with the provisions of Florida law for independent special districts. The Board meeting and/or the public hearings may be continued in progress to a date and time certain announced at the meeting and/or hearings.

If anyone chooses to appeal any decision of the Board with respect to any matter considered at the meeting or hearings, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.

Any person requiring special accommodations at the meeting or hearings because of a disability or physical impairment should contact the District Office at (561) 571-0010 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District office.

BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT

SR 31 OFFSITE IMPROVEMENTS




























RESOLUTION 2026-14

A RESOLUTION OF THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE INFRASTRUCTURE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE PAID; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION.

WHEREAS, the Babcock Ranch Community Independent Special District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 2007-306, Laws of Florida, as amended, (the “Act”) being situated in Charlotte County and Lee County, Florida; and

WHEREAS, as provided in the Act, the special purpose of the District is to plan, construct, maintain, operate, finance, and improve the provision of systems, facilities, and services necessary to meet the infrastructure needs of the District, including among other things, roadways; and

WHEREAS, the widening of SR 31 is needed to meet the existing roadway conditions and future growth and development of the District; and

WHEREAS, pursuant to Resolution 2021-8, the Board entered into a State Infrastructure Bank Loan Agreement with the Florida Department of Transportation for the State Road 31 roadway widening project; and

WHEREAS, as authorized by the Board on September 25, 2025, the District is pursuing an additional State Infrastructure Bank (the “SIB”) loan for additional funding for construction of the project; and

WHEREAS, Babcock Property Holdings, LLC, (the “Developer”) has committed to providing collected transportation fees to the District that will be used to pay back the SIB loan; and

WHEREAS, the District has committed to levy a special assessment in amounts sufficient to make the loan payments, in the event the transportation fees are not sufficient to cover the loan payments for any fiscal year’s payment; and

WHEREAS, the Board hereby determines to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastructure improvements (the “Improvements”) for the District and described in the District’s Supplemental Engineer’s Report for Babcock Ranch State Road 31 Offsite Improvements, dated September 11, 2025, attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, in the event transportation fees are not sufficient to cover any fiscal year’s loan payment, it is in the best interest of the District to pay the cost of the Improvements by special assessments pursuant to Chapter 2007-306, Laws of Florida, as amended, and Chapters 170 and 197, Florida Statutes, (the “Assessments”); and

WHEREAS, the District is empowered by Chapter 2007-306, Laws of Florida, as amended, Chapter 170, Supplemental and Alternative Method of Making Local Municipal Improvements, and Chapter 197, the Uniform Method for the Levy, Collection and Enforcement of Non-Ad Valorem Assessments, Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the Improvements and to impose, levy and collect the Assessments; and

WHEREAS, the District hereby determines that benefits will accrue to the property improved, the amount of those benefits, and that special assessments will be made in proportion to the benefits received as set forth in the SR31 Offsite Road Improvement 2025 Special Assessment Methodology Report, dated December 18, 2025, attached hereto as Exhibit B and incorporated herein by reference and on file at 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431 (the “District Records Office”); and

WHEREAS, the District hereby determines that the Assessments to be levied will not exceed the benefit to the property improved.

NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT:

1. Assessments shall be levied to defray the cost of the Improvements.

2. The nature and general location of, and plans and specifications for, the Improvements are described in
Exhibit A, which is on file at the District Records Office and District Local Records Office. Exhibit B is
also on file and available for public inspection at the same locations.

3. The total estimated cost of the Improvements is $216,362,673 (the “Estimated Cost”).

4. The Assessments will defray approximately $10,000,000, which includes a portion of the Estimated Cost.

5. The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B, including
provisions regarding the collection of the Assessments in any fiscal year in which there is a projected
shortfall of transportation fees or other contributed sources to cover the SIB loan payments.

6. The Assessments shall be levied, within the District, on all lots and lands adjoining and contiguous or
bounding and abutting upon such improvements or specially benefitted thereby and further
designated by the assessment plat hereinafter provided for.

7. There is on file, at the District Records Office, an assessment plat showing the area to be assessed, with
certain plans and specifications describing the Improvements and the Estimated Cost of the
Improvements, all of which shall be open to inspection by the public.

8. In accordance with the schedule provided in Table 4 of Exhibit B, the Assessments shall be paid in not
more than (20) twenty annual installments. The Assessments may be payable at the same time and in
the same manner as are ad-valorem taxes and collected pursuant to Chapter 197, Florida Statutes and
Chapter 2007-306, Laws of Florida, as amended; provided, however, that in the event the uniform non
ad-valorem assessment method of collecting the Assessments is not available to the District in any year,
or if determined by the District to be in its best interest, the Assessments may be collected as is
otherwise permitted by law.

9. The District Manager has caused to be made a preliminary assessment roll, in accordance with the
method of assessment described in Exhibit B hereto, which shows the lots and lands assessed, the
amount of benefit to and the assessment against each lot or parcel of land and the number of annual
installments into which the assessment may be divided, which assessment roll is hereby adopted and
approved as the District's preliminary assessment roll.

10. The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property
to be assessed or any other persons interested therein may appear before the Board and be heard as to
the propriety and advisability of the assessments or the making of the Improvements, the cost thereof,
the manner of payment therefore, or the amount thereof to be assessed against each property as
improved.

11. The District Manager is hereby directed to cause this Resolution to be published twice (once a week for
two (2) weeks) in a newspaper of general circulation within Charlotte County and Lee County and to
provide such other notice as may be required by law or desired in the best interests of the District.

12. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 18th day of December, 2025.

ATTEST: BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
/s/ Cindy Cerbone /s/ Bill Vander May
Secretary / Assistant Secretary Chairman / Vice Chairman


Exhibit A: Supplemental Engineer’s Report for Babcock Ranch State Road 31 Offsite Improvements, dated September 11, 2025
Exhibit B: SR31 Offsite Road Improvement 2025 Special Assessment Methodology Report, dated December 18, 2025

December 26, 2025; January 2, 2026 25-01351T

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