26-00793T

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 REGULAR MEETING OF THE BABCOCK RANCH
COMMUNITY INDEPENDENT SPECIAL DISTRICT

The Governing Board (“Board”) of the Babcock Ranch Community Independent Special District (“District”) will hold public hearings on July 23, 2026 at 4:00 P.M., at Babcock Ranch Field House Cafeteria, 43281 Cypress Parkway, Babcock Ranch, Florida 33982, to consider the adoption of an assessment roll, the imposition of special assessments to secure proposed bonds on benefited lands within the Trabue/Tuckers Cove Parcel area of the District, a depiction of which lands is shown below, and to provide for the levy, collection and enforcement of the special assessments. The Trabue/Tuckers Cove Parcel is a portion of a master development phase of the District known as “Phase VI.”

The District is located entirely within unincorporated Charlotte and Lee Counties, Florida. The Trabue/Tuckers Cove Parcel lands to be improved are located north of the Charlotte/Lee County line and east of State Road 31 in Charlotte County, Florida. The District and the area to be assessed is geographically depicted below (that portion of the map identified as Trabue/Tuckers Cove Parcel) and in the District’s District Engineer’s Report – Phase VI Project Area, dated February 2022, as supplemented by the Engineer's Report for Phase VII – Project Area: Charlotte County – Midtown – Parcel 1, 2, 3, and 4; Charlotte County – Lee County Parcel 3; Charlotte County – Webbs Reserve; Lee County – Lee County Parcel 1, 2, and 3; Supplement to Phase VI Project Area Lee County – DiVosta Parcel – Phase 2; and Charlotte County – Tuckers Cove (Phase 1C & 1D), dated May 2024, as supplemented by the 2026 Supplemental Engineer’s Report—Project Area: Charlotte County- Tuckers Cove (Phase 2, 3A, 4A & 4D; Charlotte County- Webbs Reserve (Phase 2 & 3), dated June 2026 prepared by Kimley-Horn & Associates (“Capital 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 at the office of the District Manager c/o Wrathell, Hunt and Associates, LLC, 2300 Glades Road, Suite 410W, Boca Raton, Florida 33410 (“District Manager’s Office”).

The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The infrastructure improvements for the remaining portions of the Trabue/Tuckers Cove Parcel (“Improvements”) are currently expected to include, but are not limited to, water, sanitary sewer, irrigation water supply systems, power distribution systems, telecommunication systems, stormwater management systems and roadways, open space (parks), water features and other infrastructure, all as more specifically described in the Capital Improvement Plan, on file and available during normal business hours at the District Manager’s Office. According to the Capital Improvement Plan, the estimated cost of the Improvements for the Trabue/Tuckers Cove Parcel is $83,216,075.10.

The District intends to impose assessments on benefited lands within the Trabue/Tuckers Cove Parcel in the manner set forth in the District’s Master Special Assessment Methodology Report for Phase VI, dated February 24, 2022, as supplemented by the Master Special Assessment Methodology Report for Phase VII and Supplement to Master Special Assessment Methodology Report for Phase VI for the Tuckers Cove, former Trabue, and DiVosta Parcels, dated May 29, 2024, as supplemented and amended by the Amended Master Special Assessment Methodology Report for Tuckers Cove and Webbs Reserve, dated June 4, 2026, and prepared by Wrathell, Hunt and Associates, LLC (“Assessment Report”), which is on file and available during normal business hours at the District Manager’s Office.

The purpose of any such assessment is to secure the bonds issued to fund the Improvements. As described in more detail in the Assessment Report, the District’s assessments will be levied against respective benefitted lands within the District. The Assessment Report identifies maximum assessment amounts for each assessment area and land use category that is currently expected to be assessed. The lien for assessments is proposed to be allocated to each parcel within Phase VI of the District based on the development plan associated with (rather than gross acreage) as the land within each parcel (each parcel constituting an assessment area) of Phase VI is anticipated to be sold in bulk prior to platting. Consequently, assessments for each assessment area within Phase VI will initially be allocated based on each respective assessment area’s gross acreage as described in the Assessment Report, and will be levied on an equivalent residential unit (“ERU”) basis at the time that such property is platted or subject to a site plan or sold.

The annual principal assessment levied against each parcel will be based on repayment over thirty (30) years of the total debt allocated to each parcel. The District expects to assess and collect sufficient revenues to retire no more than $79,798,524.43 in debt allocated to the remaining portions of the Trabue/Tuckers Cove Parcel, exclusive of fees and costs of collection or enforcement, discounts for early payment and interest. The proposed annual schedule of assessments is as follows:

Product Type
Bond Assessments Apportionment per Unit
Annual Debt Service per Unit*
Annual Debt Service per Unit**

Tucker's Cove

20'
$28,215.79
$2,273.81
$2,418.95

40'
$45,251.75
$3,646.68
$3,879.44

52'
$53,237.35
$4,290.21
$4,564.05

62'
$60,158.20
$4,847.93
$5,157.38

70'
$65,481.94
$5,276.95
$5,613.78

Twin Villa
$40,992.76
$3,303.46
$3,514.32

*Excludes costs of collection and early payment discount allowance
**Includes costs of collection and early payment discount allowance

The assessments may be prepaid in whole at any time, or in some instances in part, or may be paid in not more than thirty (30) annual installments subsequent to the issuance of debt to finance the improvements. These annual assessments will be collected on the 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 hearings and the right to file written objections with the District within twenty (20) days of the publication of this notice.

Also, on July 23, 2026 at 4:00 P.M., at Babcock Ranch Field House Cafeteria, 43281 Cypress Parkway, Babcock Ranch, Florida 33982, the Board will hold a regular public meeting to consider any other business that may lawfully be considered by the District. The Board meeting and hearings are open to the public and will be conducted in accordance with the provisions of Florida law for special districts. The Board meeting and/or the public hearings may be continued in progress to a certain date and time announced at such 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 Manager’s Office at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District office.

BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT







































RESOLUTION 2026-33
[TRABUE/TUCKERS COVE PARCEL]

A RESOLUTION OF THE GOVERNING BOARD OF THE BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT DECLARING SPECIAL ASSESSMENTS; DESIGNATING THE NATURE AND LOCATION OF THE PROPOSED IMPROVEMENTS; DECLARING THE TOTAL ESTIMATED COST OF THE IMPROVEMENTS, THE PORTION TO BE PAID BY ASSESSMENTS, AND THE MANNER AND TIMING IN WHICH THE ASSESSMENTS ARE TO BE PAID; DESIGNATING THE LANDS UPON WHICH THE ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT AND A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND ADDRESSING CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Governing Board (the “Board”) of the Babcock Ranch Community Independent Special District (the “District”) has previously determined through Resolutions 2022-29, 2022-30 and 2022-40 to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastructure improvements (the “Improvements”) benefitting the lands known as Tuckers Cove, formerly known as Trabue (the “Lands”) described in the District’s District Engineer’s Report – Phase VI Project Area, dated February 2022, as supplemented by the Engineer’s Report for Phase VII- Project Area and Supplement to Phase VI Project Area dated May 29, 2024, amended October 2024 (together the “Original Report”); and

WHEREAS, a portion of the Improvements were previously allocated and described in subsequent supplemental reports and funded by multiple prior series of District bonds (the “Series 2022 and Series 2024 Bonds”); and

WHEREAS, the District has previously determined it 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 (the “Assessments”); and

WHEREAS, the District is empowered by Chapter 2007-306, Laws of Florida, as amended, 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 desires to supplement the Original Report as outlined in the 2026 Supplemental Engineer’s Report—Project Area: Charlotte County- Tuckers Cove (Phase 2, 3A, 4A & 4D; Charlotte County- Webbs Reserve (Phase 2 & 3) dated June 2026, (the “Supplemental Report” and together with the Original Report the “Engineer’s Report”), attached hereto as Exhibit A and incorporated herein by reference, to describe the remaining master improvements anticipated to be constructed within the Lands not previously included in the Series 2022 and Series 2024 Bond project areas (the “Remaining Lands”) to account for the current development plan and product type; and

WHEREAS, the District hereby determines that benefits will accrue to the Remaining Lands, the amount of those benefits, and that special assessments will be made against the Remaining Lands in proportion to the benefits received as originally set forth in the Master Special Assessment Methodology Report for Phase VI, dated February 24, 2022, as [supplemented and amended] in the Amended Master Special Assessment Methodology Report for Tuckers Cove and Webbs Reserve dated June 4, 2026, 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 42891 Lake Babcock Drive, Room 211, Babcock Ranch, Florida 33982 (the “District Local Records Office”); and

WHEREAS, the District hereby determines that the Assessments to be levied on the Remaining Lands will not exceed the benefit to the Remaining Lands.

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

1. Recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.

2. Assessments shall be levied against the Remaining Lands to defray a portion of the cost of the Improvements.

3. 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.

4. The total estimated cost of the Improvements is $83,216,075.10 (the “Estimated Cost”).

5. The Assessments against the lands within the District, inclusive of the Remaining Lands, will defray approximately $79,798,524.43 which amounts include a portion of the Estimated Costs, plus financing-related costs, capitalized interest and a debt service reserve

6. The manner in which the Assessments shall be apportioned and paid, including the Assessments against the Remaining Lands, is set forth in Exhibit B, including provisions for supplemental assessment resolutions.

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

8. 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.

9. Commencing with the year in which the Assessments are levied and confirmed against the Remaining Lands, the Assessments shall be paid in not more than (30) thirty 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.

10. The District Manager has caused to be made a preliminary assessment roll, inclusive of the Remaining Lands, 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.

11. 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 person 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.

12. The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) consecutive weeks) in a newspaper of general circulation within Charlotte County and Lee County, provided that the first publication shall be at least twenty (20) days before and the last publication shall be at least one (1) week prior to the date of the hearing, and to provide such other notice as may be required by law or desired in the best interests of the District.

13. This Resolution shall become effective upon its passage

PASSED AND ADOPTED this 4th day of June, 2026.

ATTEST: BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT
/s/ Craig Wrathell /s/ William Vander May III
Secretary/Assistant Secretary Chair/Vice Chair, Governing Board

Exhibit A: 2026 Supplemental Engineer’s Report—Project Area: Charlotte County- Tucker’s Cove (Phase 2, 3A, 4A & 4D; Charlotte County- Webbs Reserve (Phase 2 & 3) dated June 2026

Exhibit B: Amended Master Special Assessment Methodology Report for Tuckers Cove and Webbs Reserve dated June 4, 2026
July 3, 10, 2026 26-00793T

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