Magic Reserve Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.magicreservecdd.com

The following is the agenda for the Board of Supervisors’ Meeting for the Magic Reserve Community Development District (“District”), scheduled to begin at 10:00 a.m. on January 12, 2026, at 7430 Brooklyn Dr., Kissimmee, FL 34747. If you have questions or comments on the Board Meeting, please contact the District Manager’s office at (407) 723-5900. A quorum consisting of at least three of the five Board Members will be confirmed prior to the start of the Board Meeting.

For those unable to attend in person, you may participate by telephone:
Call in number: 1-844-621-3956	Passcode: 2539 895 0958 #
BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Call to Order / Roll Call
Public Comment Period
Review and Acceptance of the Resignation Letter from Hector Lizasuain
Nomination(s) for :
Vacant Seat 2 (term expires 11/2028)
Vacant Seat 5 (term expires 11/2026)
Swearing In New Supervisors
Consideration of the Minutes of the October 20, 2025, Board of Supervisors’ Meeting
Consideration of Resolution 2026-01, Election of Officers

General Business Matters
Consideration of Proposal for Annual Engineer’s Report
Update on Irrigation/TOHO
Update on Speed Bumps Installation
Ratification of the Data Sharing and Usage Agreement with the Osceola County Property Appraiser
Ratification of FY 2025 Arbitrage Engagement Letter with LLS Tax Solutions Inc.
Consideration of Funding Request No.39
Ratification of Payment Authorization Nos. 237 – 242
Review of District Financial Statements

Other Business
Staff Reports
District Counsel
District Engineer
District Manager
Next Meeting - February 2, 2026
FY25 Goals and Objectives Report
Audience Comments

Supervisors Requests
Adjournment

Magic Reserve Community Development District

Review and Acceptance of the Resignation Letter from Hector Lizasuain

October 17, 2025 Jane Gaarlandt
Senior District Manager PFM Group Consulting LLC
3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

RE: Resignation from Magic Place & Magic Reserve CDD Board of Supervisors Dear Jane,
It is with heavy heart that resign my position as Chairman and a supervisor from the Magic Place & Magic Reserve Community Development Districts effective Monday, October 20, 2025, at the conclusion our meetings.

This decision did not come easy but after my official resignation from Magic Companies Group, LLC, in June 2025, I felt that I could not truly give 100% to this board moving forward.

I would like to thank you, the entire team at PFM, and Mark, for all your support and guidance over the years.

Sincerely,

	
Magic Reserve Community Development District

Nomination(s) for :
Vacant Seat 2 (term expires 11/2028)
Vacant Seat 5 (term expires 11/2026)

Magic Reserve Community Development District

Swearing in New Supervisors

Magic Reserve Community Development District

Consideration of the Minutes of the October 20, 2025, Board of Supervisors’ Meeting

MINUTES OF MEETING

MAGIC RESERVE COMMUNITY DEVELOPMENT DISTRICT RESCHEDULED BOARD OF SUPERVISORS’ MEETING
Monday, October 20, 2025, at 10:00 a.m.
7430 Brooklyn Dr.
Kissimmee, FL 34747				
Board Members in attendance:				
Hector Lizasuain Nayara Longaray Sue Legentil	Chairperson Vice Chair
Assistant Secretary			
Also Present:				
Jane Gaarlandt Gazmin Kerr Audrey Ryan Mark Watts Steven Boyd	PFM PFM PFM
Cobb Cole
Boyd Civil Engineerin	

g	
(via phone) (via phone) (via phone) (via phone)	
FIRST ORDER OF BUSINESS		Administrative Matters	
		Call to Order/Roll Call	

Ms. Gaarlandt called to order the Board of Supervisors’ Meeting for the Magic Reserve Community Development District at 10:04 a.m. Roll call was taken.

Public Comment Period
There were no public comments.

Nomination(s) for Vacant Seat 5 (term expires 11/2026)
Ms. Gaarlandt called for nominations.

On motion, by Ms. Longaray, seconded by, Mr. Lizasuain, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District nominated Mr. Erick Magno to Seat 5.

District Management will send out the Board information to Mr. Magno and he will be sworn in prior to the next meeting.
Consideration of the Minutes of the August 4, 2025, Board of Supervisors’ Meeting
The Board reviewed the minutes.

On motion, by Mr. Lizasuain, seconded by, Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District approved the Minutes of the August 4, 2025, Board of Supervisors’ Meeting.

Consideration of Resolution 2026-01, Election of Officers
This item was deferred.

SECOND ORDER OF BUSINESS	General Business Matters

Consideration of Resolution 2026-02, Adopting a Fiscal Year 2025 Amended O&M Budget

Ms. Gaarlandt reviewed the resolution and noted the budget did increase, however, the increase was covered by additional income and line items were adjusted as needed.

On motion, by Mr. Lizasuain, seconded by, Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District approved Resolution 2026-02, Adopting a Fiscal Year 2025 Amended O&M Budget.

Consideration of Proposal for Annual Engineer’s Report
Mr. Boyd noted that a proposal will be provided for the next meeting and stated the report could be completed for a not-to-exceed amount of $2,500.

On motion, by Ms. Longaray, seconded by, Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District approved a not-to-exceed amount of $2,500.00 for the Annual Engineer’s Report.

Update on Irrigation/TOHO

Mr. Lizasuain noted there were no updates. He will follow up with Mr. Watts.

Update on Speed Bumps Installation
Mr. Lizasuain noted there were no updates. He will follow up with Mr. Watts.

Consideration of Maintenance Agreement between the District and the HOA
This item will be removed from the agenda until further notice.

Consideration of Funding Request Nos. 37 & 38

The Board reviewed the funding requests.

On motion by Mr. Lizasuain, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District approved Funding Request Nos. 37 & 38.

Ratification of Payment Authorizations Nos. 231 - 236
Ms. Gaarlandt noted these are solely for ratification.

On motion by Mr. Lizasuain, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Reserve Community Development District ratified Payment Authorizations Nos. 231-236.

Review of District Financial Statements

Ms. Gaarlandt stated the financials were for information only. The Board reviewed the financial statements.

THIRD ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel – No report. District Engineer –   No report.
District Manager –  Ms. Gaarlandt reminded the Board the next meeting is moved to November 10, 2025. She further asked for the Board’s authorization for the Chair or Vice Chair to work with District Staff to finalize the FY25 Goals & Objective Report.

On motion by Mr. Lizasuain, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District authorized the Chair or Vice Chair to work with District Staff on finalizing the FY 2025 Goals and Objectives Report.

Audience Comments
There were no audience comments.

Supervisors Requests

There were no supervisor requests.
Ms. Gaarlandt noted that Mr. Lizasuain’s has submitted his letter of resignation letter effective at the conclusion of the meeting. Acceptance of the letter will be on the agenda at the next Board meeting.

FOURTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Lizasuain, seconded by Ms. Legentil, with all in favor, the October 20, 2025, Meeting of the Board of Supervisors for the Magic Reserve Community Development District was adjourned at 10:18 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Magic Reserve Community Development District

Consideration of Resolution 2026-01, Election of officers

RESOLUTION 2026-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MAGIC RESERVE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the MAGIC RESERVE COMMUNITY DEVELOPMENT DISTRICT
(hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the “Board”), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MAGIC RESERVE COMMUNITY DEVELOPMENT	DISTRICT:
Section 1.		 is elected Chairman. Section 2.		 is elected Vice Chairman. Section 3.	Jane Gaarlandt	  is elected Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	Gazmin Kerr			is elected Assistant Secretary.	
Section 4.	Jennifer Glasgow			is elected Treasurer.		
Section 5.	Amanda Lane	 Rick Montejano	
Verona Griffith			is elected as Assistant Treasurer. is elected as Assistant Treasurer.
is elected as Assistant Treasurer.	
	Amy Champagne			is elected as Assistant Treasurer.	
Section 6.	All resolutions or parts of Resolutions in conflict herewith hereby repealed to the extent of such conflict.	are	
Section 7.	This Resolution shall adoption.	become	effective	immediately upon its	

PASSED AND ADOPTED THIS 12th DAY OF JANUARY, 2026.

MAGIC RESERVE COMMUNITY DEVELOPMENT
ATTEST:	DISTRICT

Secretary/Assistant Secretary	Chairman/Vice-Chairman

Magic Reserve Community Development District

Consideration of Proposal for Annual Engineer’s Report

  

November 5, 2025 Ms. Jane Gaarlandt
Senior District Manager PFM Group Consulting LLC
3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

Re:	Magic Reserve CDD
Proposal to Provide Annual Engineer’s Report

Dear Ms: Gaarlandt:

We are pleased to our proposal to provide the Annual Engineer’s Report for the
Magic Reserve CDD.

The scope of work is summarized below:

Site visit and report on the current condition of CDD facilities including:
Open Space Tracts.
Roadways and Parking areas
Stormwater Facilities
The report will include a map of the Districts facilities and will describe any areas requiring further attention, and recommended actions. The professional fees for completion of this task is $4,200.

We appreciate the opportunity to serve the Magic Reserve CDD.

Sincerely,	Acceptance by Magic Reserve CDD

Steven N. Boyd, P.E.	Signed:	 Date:	 

Cc: Xabier Guerricagoitia, P.E. Addison Engeman

	
Magic Reserve Community Development District

Update on Irrigation/TOHO

Magic Reserve Community Development District

Update on Speed Bumps Installation

Magic Reserve Community Development District

Ratification of the Data Sharing and Usage Agreement with the Osceola County Property Appraiser

l<ATRIN.A  SCARBOROUGH, CFA, CCF, M·CF
OSCEOLA COUNTY PROPERTY APPRAISER

January 2, 2026

Amy Champagne
PFM Group Consulting LLC 3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817

Re: Magic Reserve CDD - Data Sharing and Usage Agreement

Dear Amy Champagne,
Enclosed with this letter is the 2026 Data Sharing and Usage Agreement between Magic Reserve CDD and the Osceola County Property Appraiser. This Agreement establishes the terms and conditions under which the Magic Reserve CDD can acquire and use Osceola County Property Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.
Please have the duly authorized representative of the agency sign the agreement and return it to the Osceola County Property Appraiser's Office, using the included return envelope, by January 31, 2026. Once we receive the signed agreement, you will receive an email with a copy signed by the Property Appraiser.
If you are no longer the management company for this agency, or you have any questions regarding this matter, please contact Gary Moschouris at {407) 742-5000 or via email at gmos@property-appraiser.org.

Sincerely,
1<.atvW'l.«I   S.   Scarbor�
Katrina S. Scarborough, CFA, CCF, MCF Osceola County Property Appraiser

2505 E IRLO BRONSON MEMORIAL HWY, KISSIMMEE, FL 34744	(407) 742-5000 INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

KATRINA SCARBOROUGH, CFA, CCF, MCF
OSCEOLA COUNTY PROPERTY APPRAISER

Magic Reserve CDD

This Data Sharing And Usage Agreement, hereafter referred to as "Agreement," establishes the terms and conditions under which the Magic Reserve COD, hereafter referred to as agency, can acquire and use Osceola County Property Appraiser (OCPA) data that is exempt from Public Records disclosure as defined in FS 119.071.
Please note the referenced statute was amended as of October 1, 2021. The paragraph below reflects the changes.

The confidentiality of personal identifying and location information including: names, mailing addresses, or any other descriptive property information that may reveal identity or home address pertaining to parcels owned by individuals that have received exempt/confidential status, hereafter referred to as confidential personal identifying and location information, will be protected as follows:
The agency will not release confidential personal identifying and location information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential personal identifying and location information in the results of data analysis (including maps) in any manner that would reveal personal identifying and location information of individuals exempted from Public Records disclosure.
The agency shall comply with all State laws and regulations governing the confidentiality of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying and location information is released.
The terms of this Agreement shall commence on January 1, 2026, and shall run until December 31, 2026, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually for the following year.
IN WITNESS THEREOF, both the Osceola County Property Appraiser, through its duly authorized representative, and the agency, through its duly authorized representative, have hereunto executed this Data Sharing and Usage Agreement as of the last below written date.

Print:._._"--e-� ........---"--'.o..c.._-4-	::..--=------��----

OSCEOLA COUNTY PROPERTY APPRAISER
Signature: 	 _

Print:	Katrina S. Scarborough
Date:	_

Title:...:..._.!....:::c....=-'-"'-"'-'-"'-"........::_-��.c_=:J...l£-----1-----
Date:L /l	{ •	V	(2

Please return this signed original copy no later than January 31, 2026

2505 E IRLO BRONSON MEMORIAL HWY, KISSIMMEE, FL 34744	(407) 742-5000 INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

Magic Reserve Community Development District

Ratification of FY 2025 Arbitrage Engagement Letter with LLS Tax Solutions Inc.

\	Tax Sollitions Inc.
Tax - Exempt Bond Services

LLS Tax Solutions Inc. 1645 Sun City Center Plz, #5027
Sun City Center, FL 33571 Telephone: 850-754-0311 Email: liscott@llstax.com

November 3, 2025

Magic Reserve Community Development District c/o PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817

Thank you for choosing LLS Tax Solutions Inc. ("LLS Tax") to provide arbitrage services to Magic Reserve Community Development District ("Client") for the following bond issue. This Engagement Letter describes the scope of the LLS Tax services, the respective responsibilities of LLS Tax and Client relating to this engagement and the fees LLS Tax expects to charge.

$5,160,000 Magic Reserve Community Development District Special Assessment Revenue Bonds, Series 2016 (2016 Project)

SCOPE OF SERVICES

The procedures that we will perfonn are as follows:

Assist in calculation of the bond yield, unless previously computed and provided to us.

Assist in determination of the amount, if any, of required rebate to the federal government.

Issuance of a report presenting the cumulative results since the issue date of the issue of bonds.

Preparation of necessary reports and Internal Revenue Service ("IRS") fonns to accompany any required payment to the federal government.
As a part of our engagement, we will read certain documents associated with each issue of bonds for which services are being rendered. We will determine gross proceeds of each issue of bonds based on the information provided in such bond documents. You will have sole responsibility for detennining any other amounts not discussed in those documents that may constitute gross proceeds of each series of bonds for the purposes of the arbitrage requirements.
TAX POSITIONS AND REPORTABLE TRANSACTIONS

Because the tax law is not always clear, we will use our professional judgment in resolving questions affecting the arbitrage calculations. Unless you instruct us otherwise, we will take the reporting position most favorable to you whenever reasonable. Any of your bond issues may be selected for review by the IRS, which may not agree with our positions. Any proposed adjustments are subject to certain rights of appeal. Because of the lack of clarity in the law, we cannot provide assurances that the positions asserted by the IRS may not ultimately be sustained, which could result in the assessment

of potential penalties. You have the ultimate responsibility for your compliance with the arbitrage laws; therefore, you should review the calculations carefully.
The IRS and some states have promulgated "tax shelter" rules that require taxpayers to disclose their participation in "reportable transactions" by attaching a disclosure form to their federal and/or state income tax returns and, when necessary, by filing a copy with the Internal Revenue Service and/or the applicable state agency. These rules impose significant requirements to disclose transactions and such disclosures may encompass many transactions entered into in the normal course of business. Failure to make such disclosures will result in substantial penalties. In addition, an excise tax is imposed on exempt organizations (including state and local governments) that are a party to prohibited tax shelter transactions (which are defined using the reportable transaction rules). Client is responsible for ensuring that it has properly disclosed all "reportable transactions" and, where applicable, complied with the excise tax provision. The LLS Tax services that are the subject of this Engagement Letter do not include any undertaking by LLS Tax to identify any reportable transactions that have not been the subject of a prior consultation between LLS Tax and Client. Such services, if desired by Client, will be the subject of a separate engagement letter. LLS Tax may also be required to report to the IRS or certain state tax authorities ce1iain tax services or transactions as well as Client's participation therein. The determination of whether, when and to what extent LLS Tax complies with its federal or state "tax shelter" reporting requirements will be made exclusively by LLS Tax. LLS Tax will not be liable for any penalties resulting from Client's failure to accurately and timely file any required disclosure or
pay any related excise tax nor will LLS Tax be held responsible for any consequences of its own compliance with its reporting obligations. Please note that any disclosure required by or made pursuant to the tax shelter rules is separate and distinct from any other disclosure that Client might be required to or choose to make with its tax returns (e.g., disclosure on federal Form 8275 or similar state disclosure).
PROFESSIONAL FEES AND EXPENSES

Our professional fees for the services listed above for the annual bond year beginning November 2, 2024, through the period ending November 1, 2025, is $500, which includes reasonable out-of-pocket expenses. We will bill you upon completion of our services. Our invoices are payable upon receipt. Additionally, you may request additional consulting services from us upon occasion; we will bill you for these consulting services at a beforehand agreed upon rate.
Unanticipated factors that could increase our fees beyond the estimate given above include the following (without limitation). Should any of these factors arise we will ale1i you before additional fees are incurred.

Investment data provided by you is not in good order or is unusually voluminous.

Proceeds of bonds have been commingled with amounts not considered gross proceeds of the bonds (if that circumstance has not previously been communicated to us).

A review or other inquiry by the IRS with respect to an issue of bonds.

ACCEPTANCE
You understand that the arbitrage services, report and IRS forms described above are solely to assist you in meeting your requirements for federal income tax compliance purposes. This Engagement Letter constitutes the entire agreement between Client and LLS Tax with respect to this engagement, supersedes all other oral and written representations, understandings or agreements relating to this engagement, and may not be amended except by the mutual written agreement of the Client and LLS Tax.
Please indicate your acceptance of this agreement by signing in the space provided below and returning a copy of this Engagement Letter to us. Thank you again for this opportunity to work with you.

Very truly yours,
LLS Tax Solutions Inc.

AGREED AND ACCEPTED:
Magic Reserve Community Development District

By:	L�L. Sw-t+
Linda L. Scott, CPA

By:��
Print /Ju�NI½{ «&A	lerJG�/
Title er::;c.6	fYWl;NAG-v6'-./  vic.E-cfl,rlk._
Date:	/ 	.Z'2//J{;
'

Magic Reserve Community Development District

Consideration of Funding Request No. 39

MAGIC RESERVE

Funding Request No. 039

10/10/2025

C O M M U N I T Y D E V E L O P M E N T D I S T R I C T

Invoice No

Supplier

Invoice Date  Property

Invoice Amount

Secretary / Asst. Secretary

Chair / Vice Chairman

________________________________

________________________________

Please make check payable to:
Magic Reserve CDD
c/o PFM Group Consulting LLC 3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817-8329
RyanA@pfm.com // (407) 723-5949

MAGIC VILLAGE RESORT 2 HOA (MRCDD)

10/09/2025	Magic Reserve CDD	467.20
Total:	467.20

Magic Village Resort 2 HOA	INVOICE

c/o FirstService Residential 2300 Maitland Center Parkway Ste.101
Maitland, FL 32751

Bill To	Invoice #	400	
Magic Reserve CDD	Invoice Date	10/09/2025	
Attn. Audrey Ryan			
3501 Quadrangle Blvd			
Ste.270			
Orlando, FL 32817			

DESCRIPTION	
AMOUNT	
Toho Water - Account # 002589694 - 033115419 September 2025	
$8,800.53	
TOTAL	$8,800.53	

RECEIVED
By A Ryan at 10:08 am, Oct 10, 2025

Budgeted amount $8,333.33 FR amount $467.20

	MAGIC VILLAGE 2, LLC	Account Number:	002589694-033115419	
Toho Water Authority
P.O. Box 30527
Tampa, Florida, 33630-3527 www.tohowater.com	

Service Address:
30601 REEDY CREEK BOULEVARD 6	Past Due Amount: Current Charges: Total Amount Due:	$0.00
$13,969.10
$13,969.10	
	INCH IRR			

Payment - Thank You
Balance Forward

 $-24,519.10
$0.00

Current Transaction(s) Irrigation Base Charge Irrigation Usage
Current Transaction Total

$214.10
  $13,755.00
$13,969.10

Total Amount Due

$13,969.10

Meter Number	Number of
Days	Previous Meter Reading	Current Meter Reading	Water Usage	
		Date	Reading	Date	Reading		
18001009	30	07/28/2025	169290	08/27/2025	171125	1835	

Customer Service: (8am - 5pm) 407-944-5000 Public Hearing Announcement: Toho's
Board of Supervisors will discuss a proposed rate adjustment on September 17 at 5 p.m. Learn more at tohowater.com.

6000
5000
4000
3000
2000
1000
0

Irrigation

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

Please return this portion with your payment - Do not send cash through the mail.

Toho Water Authority
P.O. Box 30527	Account Number	002589694-033115419

Past Due
Due Now	Current Charges	
Total Amount to be drafted	
	Amount Due	Due Date		
$0.00	$13,969.10	09/25/25	$13,969.10	

Tampa, Florida, 33630-3527 www.tohowater.com

TAFATDFAFADTDATAAFADADDFFAFTTDADTATDAFDDDFTAFFFTTADTTTTTADADFAADD
MAGIC VILLAGE 2, LLC PO BOX 34769
CHARLOTTE NC 28234-4769

0025896940331154190013969106

DO NOT PAY
YOU ARE ENROLLED IN AUTODRAFT

Ways to pay
ON OUR WEBSITE
www.tohowater.com
Payment Source
eCheck, Credit/Debit Cards
Fees
Free for eCheck and Credit/Debit*
*Using one-time payment option will incur convenience fees:
$1.25 for every $100.00 for credit/debit cards.

BY PHONE
Call 407-944-5000 for our automated payment system
Payment Source
eCheck, Credit/Debit Cards
Fees
Free for eCheck
$1.25 for every $100.00 for credit/debit cards

BY MAIL
Please remit your check or money order in advance of your due date to avoid late fees. Penalties are assessed on all accounts if payment is not received by the due date.
Please remit your payment to:
Toho Water Authority PO Box 30527
Tampa, FL 33630-3527
Payment Source
Check or Money Order

SELECT PAYMENT LOCATIONS
Amscot: No Convenience Fees MoneyGram participating locations
(Walmart, CVS, ?-Eleven and Ace Cash Express)

EMERGENCIES - For water or sewer related emergencies call our customer service call center at 407-944-5000.

Can't pay your bill?
If you are unable to pay your water bill, please visit www.tohowater.com or call us before your bill goes past due and ask us about our Payment Assistance options. Call us at 407-944-5000 or scan the QR code below.
Disconnection for nonpayment
Accounts that become delinquent will be assessed a $50 fee and are subject to possible interruption of water services. Customers must notify our call center at 407-944-5000 that the account has been paid in full.

RECONNECTION SCHEDULE
WEEKDAYS
Before 2 p.m. - Payments made before 2 p.m. will be connected the same day with no additional fee.
After 2 p.m. - Payments made after 2 p.m. to 7 p.m. will incur an additional fee of $25 for premium same day reconnection. If the $25 premium fee is declined, services will be reconnected on the next business day.

WEEKENDS AND HOLIDAYS ($25 Premium Reconnect Fee)
Any reconnection of services that occur on a weekend or holiday will incur an additional $25 premium reconnect fee. If the $25 premium fee is declined, services will be reconnected the next business day.
Same day reconnection - All payments must be made before 2 p.m. Payments after 2 p.m. services will be restored the following day.

Payment Source
Cash
eBills

Fees
$1.25

Payments after 2 p.m. Sundays/holidays - Services will be restored next business day without $25 premium reconnect fee.
Meter tampering

Go paperless by creating an online payment account on www.tohowater.com.

Metering tampering is prohibited by Florida State Law and incurs a
$300 fine for the first offense and a $500 fine for the second offense. Only Toho Water Authority representatives are permitted to access meters.

-

Plumbing Concerns?
If you	have a water, backflow or sewer concern please contact Toho before calling a plumber.
We can evaluate if the service of a plumber is necessary. If a plumber is contacted first, Toho will not assume responsibility for any incurred costs. Call us at 407-944-5000 or email
customerservice@tohowater.com.

Payment Assistance
Life happens and along with it sometimes we experience financial strains. Toho has two programs to help customers. Payment extension requests gives you more time to pay your bill. Visit www.tohowater.com to request an extension. Our Toho
Assistance Program (TAP) offers financial assistance to qualifying customers. Scan the QR code to apply.

	
Magic Reserve Community Development District

Ratification of Payment Authorization Nos. 237 – 242

MAGIC RESERVE
COMMUN ITYD EVE LOP MENTDISTRICT

Payment Authorization 237 9/12/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
87052-091225	DUKE ENERGY (MRCDD)	09/12/2025	Magic Reserve CDD		4,126.07	
395	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	09/12/2025	Magic Reserve CDD		8,333.33	
396	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	09/12/2025	Magic Reserve CDD		68.39	
397	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	09/11/2025	Magic Reserve CDD		1,877.38	
DM-09-2025-36	PFM GROUP CONSULTING LLC (MRCDD)	09/04/2025	Magic Reserve CDD		2,916.63	
				Total:	17,321.80	

Secretary I Asst. Secretary

MAGIC RESERVE
COMMUN ITYD EVELOPMENTD !STRICT

Payment Authorization 238 9/19/2025

Invoice No

71523

Supplier

COBB COLE (MRCDD)

Invoice Date  Property

09/05/2025	Magic Reserve COO

Invoice Amount
334.00
Total:	334.00

Secretary I Asst. Secretary

MAGIC RESERVE
COMMUN ITYD EVELOPMENTDISTRICT

Payment Authorization 239 9/24/2025

Invoice No	Supplier

29044	EGIS INSURANCE (MRCDD)

Secretary I Asst. Secretary

Invoice Date  Property

09/05/2025	Magic Reserve COD

Total:

Invoice Amount
8,202.00
8,202.00

 '

Un"-'it�7'\t1t I uth-�iz ti n 24

1 .....,2 2

39953-092325
l	850EF-0099

uppll r	Invoice Da

,DUKE ENERGY (MRCDD)	09/23/2025 OSCEOLA NEWS GAZETTE (MRCDD)	09/06/2025

Prop rty

Magic Reserve COD Magic Reserve COD

Invoice
Amount
1,503.69
79.77
Total:	1,583.46,

	 

Secretary / Asst. Secretary	Chair/	ice Chairman

•

•

MAGIC RESERVE
COMMUN I TY DEVELOPMENT DISTRICT

Payment Authorization 241
10/3/2025

Invoice No

138237

Supplier

PFM GROUP CONSULTING LLC (MRCDD)

Secretary / Asst. Secretary

Invoice Date Property

09/29/2025	Magic Reserve COD

Invoice Amount
1,250.00

Total:	1,250.00

ec_retary I Asst. Secretary

MAGIC RESERVE
COMMUN I TY	DEVELOPMENT DISTRICT

Payment Authorization 242 10/10/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
114585	AQUATIC WEED CONTROL, INC. (MRCDD)	10/01/2025	Magic Reserve COD		115.00	
400	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	10/09/2025	Magic Reserve COD		8,333.33	
401	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	10/09/2025	Magic Reserve COD		68.39	
402	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	10/09/2025	Magic Reserve COD		2,458.63	
403	MAGIC VILLAGE RESORT 2 HOA (MRCDD)	10/09/2025	Magic Reserve COD		90.00	
7BA85DEF-0104	OSCEOLA NEWS GAZETTE (MRCDD)	09/29/2025	Magic Reserve COD		65.88	
7742	VGLOBALTECH(MRCDD)	09/30/2025	Magic Reserve COD		300.00	
7838	VGLOBALTECH(MRCDD)	10/02/2025	Magic Reserve COD		125.00	
				Total:	11,556.23	

Chair/ Vice Chairman

Magic Reserve Community Development District

Review of District Financial Statements

Magic Reserve CDD
November 2025 Financial Package

November 30, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Magic Reserve CDD Statement of Financial Position As of 11/30/2025

General Fund	Debt Service	Capital Projects	Long Term Debt	Total	
	Fund	Fund	Group		

	Assets		
Current Assets			
General Checking Account	$	223,091.23			$	223,091.23	
Assessments Receivable	509,467.27			509,467.27	
Deposits	2,995.00			2,995.00	
Assessments Receivable		$	303,507.29		303,507.29	
Due From Other Funds		33,510.69		33,510.69	
Debt Service Reserve Series 2016		343,825.00		343,825.00	
Revenue Series 2016		193,505.13		193,505.13	
Prepayment Series 2016	
	5,848.10		5,848.10	
Total Current Assets	$	735,553.50	$	880,196.21		$	-	$	-	$ 1,615,749.71	

Investments
Amount Available in Debt Service Funds		$	543,178.23		$	543,178.23	
Amount To Be Provided		3,866,821.77		3,866,821.77	
Total Investments	$	-	$	-	$	-	$ 4,410,000.00		$ 4,410,000.00	

Total Assets	$	735,553.50	$	880,196.21	$	-	$ 4,410,000.00	$ 6,025,749.71

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	218,356.34				$	218,356.34	
Deferred Revenue	509,467.27				509,467.27	
Deferred Revenue			$	303,507.29		303,507.29	
Total Current Liabilities	$	727,823.61		$	303,507.29		$	-	$	-	$ 1,031,330.90	

Long Term Liabilities
Revenue Bonds Payable - Long-Term		$ 4,410,000.00		$ 4,410,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$ 4,410,000.00		$ 4,410,000.00	

Total Liabilities	$	727,823.61	$	303,507.29	$	-	$ 4,410,000.00	$ 5,441,330.90

Net Assets
Net Assets, Unrestricted	$	1,329.71						$	1,329.71	
Current Year Net Assets, Unrestricted	5,760.00						5,760.00	
Net Assets - General Government	(16,152.12)						(16,152.12)	
Current Year Net Assets - General Government	16,792.30						16,792.30	
Net Assets, Unrestricted			$	761,509.24				761,509.24	
Current Year Net Assets, Unrestricted			(184,820.32)				(184,820.32)	
Net Assets, Unrestricted					$	201,026.01		201,026.01	
Current Year Net Assets, Unrestricted					(5,826.01)		(5,826.01)	
Net Assets - General Government					(195,200.00)		(195,200.00)	
Total Net Assets	$	7,729.89		$	576,688.92		$	-	$	-		$	584,418.81	

				
Total Liabilities and Net Assets	$	735,553.50		$	880,196.21		$	-	$ 4,410,000.00		$ 6,025,749.71	
Page 1 of 3

Revenues

Magic Reserve CDD Statement of Activities As of 11/30/2025

General Fund	Debt Service	Capital Projects	Long Term Debt	Total	
	Fund	Fund	Group		

On-Roll Assessments	$	53,062.10						$	53,062.10	
Land Lease Income	5,760.00						5,760.00	
Other Income & Other Financing Sources	3,188.91						3,188.91	
On-Roll Assessments			$	31,610.94				31,610.94	
Other Income & Other Financing Sources			1,899.75				1,899.75	
Inter-Fund Group Transfers In			5,848.10				5,848.10	
Inter-Fund Transfers In					$	(5,848.10)		(5,848.10)	
Total Revenues	$	62,011.01		$	39,358.79		$	(5,848.10)			
$	-	$	95,521.70	

Expenses

Public Officials Insurance	$	3,466.00				$	3,466.00	
Trustee Services	336.71				336.71	
Management	5,833.34				5,833.34	
Engineering	390.00				390.00	
District Counsel	339.00				339.00	
Assessment Administration	5,000.00				5,000.00	
Postage & Shipping	0.74				0.74	
Legal Advertising	197.64				197.64	
Web Site Maintenance	250.00				250.00	
Dues, Licenses, and Fees	175.00				175.00	
Irrigation	12,550.53				12,550.53	
Property & Casualty	4,236.00				4,236.00	
Other Insurance	500.00				500.00	
Lake Maintenance	230.00				230.00	
Landscaping Maintenance & Material	1,877.38				1,877.38	
Streetlights	5,402.51				5,402.51	
Principal Payment			$	110,000.00		110,000.00	
Interest Payments			116,753.13		116,753.13	
Total Expenses	$	40,784.85		$	226,753.13				
$	-	$	-	$  267,537.98	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	1,326.14						$	1,326.14	
Interest Income			$	2,574.02				2,574.02	
Interest Income					$	22.09		22.09	
Total Other Revenues (Expenses) & Gains (Losses)	$	1,326.14		$	2,574.02		$	22.09			
$	-	$	3,922.25	
Change In Net Assets	$	22,552.30		$	(184,820.32)		$	(5,826.01)		$	-	$ (168,094.03)	

Net Assets At Beginning Of Year	
$	(14,822.41)		
$	761,509.24		
$	5,826.01		
$	-	$  752,512.84	

Net Assets At End Of Year	

$	7,729.89		

$	576,688.92		

$	-			

$	-	$  584,418.81	

Page 2 of 3

Magic Reserve Community Development District
Budget to Actual
For the month ending 11/30/2025

Percentage
FY 2026	Spent YTD Actual	YTD Budget	YTD Variance	Adopted Budget

Revenues

On-Roll Assessments	$	53,062.10		$	93,755.00	$	(40,692.90)		$	562,530.00			9.43%	
Interest Income	1,326.14			-	1,326.14			-		0.00%	
Land Lease Income	5,760.00			-	5,760.00			-		0.00%	
Other Income & Other Financing Sources	3,188.91			-	3,188.91			-		0.00%	
Net Revenues	$	63,337.15		$	93,755.00	
$	(30,417.85)		$	562,530.00			11.26%	

General & Administrative Expenses

Trustee Services	$	336.71		$	700.00		$	(363.29)		$	4,200.00		8.02%	
District Management Fees	5,833.34		5,833.33		0.01		35,000.00		16.67%	
Engineering Fees	390.00		1,666.67		(1,276.67)		10,000.00		3.90%	
Disclosure Agent	-		833.33		(833.33)		5,000.00		0.00%	
Property Appraiser	-		54.17		(54.17)		325.00		0.00%	
District Counsel	339.00		3,000.00		(2,661.00)		18,000.00		1.88%	
Assessment Administration	5,000.00		833.33		4,166.67		5,000.00		100.00%	
Re-Amortization Schedule	-		41.67		(41.67)		250.00		0.00%	
Arbitrage	-		83.33		(83.33)		500.00		0.00%	
Audit	-		583.33		(583.33)		3,500.00		0.00%	
Legal Advertising	197.64		333.33		(135.69)		2,000.00		9.88%	
Postage /Shipping	0.74		50.00		(49.26)		300.00		0.25%	
Contingency	-		163.33		(163.33)		980.00		0.00%	
Tax Preparation Fee	-		3.33		(3.33)		20.00		0.00%	
Web Site Maintenance	250.00		450.00		(200.00)		2,700.00		9.26%	
Dues, Licenses & Fees	175.00		29.17		145.83		175.00		100.00%	
Irrigation	12,550.53		47,500.00		(34,949.47)		285,000.00		4.40%	
Public Officials' Liability Insurance	3,466.00		641.67		2,824.33		3,850.00		90.03%	
General Insurance	4,236.00		788.33		3,447.67		4,730.00		89.56%	
Additional Insurance	500.00		83.33		416.67		500.00		100.00%	
Lake Maintenance	230.00		666.67		(436.67)		4,000.00		5.75%	
HOA Maintenance	-		8,333.33		(8,333.33)		50,000.00		0.00%	
Landscaping Maintenance and Material	1,877.38		5,000.00		(3,122.62)		30,000.00		6.26%	
Mulch	-		2,000.00		(2,000.00)		12,000.00		0.00%	
Palm Pruning	-		750.00		(750.00)		4,500.00		0.00%	
Streetlights	5,402.51		13,333.33		(7,930.82)		80,000.00		6.75%	
Total General & Administrative Expenses	$	40,784.85		$	93,755.00		$	(52,970.15)		$	562,530.00		7.25%	

Total Expenses	
$	
40,784.85	
$	
93,755.00	
$	
(52,970.15)	
$	
562,530.00	
7.25%	

Net Income (Loss)	$	22,552.30	$	-	$	22,552.30	$	-

Page 3 of 3

Magic Reserve Community Development District

Staff Reports

Magic Reserve Community Development District
Goals, Objectives and Annual Reporting Form

Performance Measures/Standards &
Annual Reporting Form

October 1, 2024 - September 30, 2025

 Community Communication and Engagement Goal 1.1: Public Meetings Compliance
Objective: Hold at least two regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A mini;num of two board meetings were held during the Fiscal Year. Achieved: Yes 5t'No D

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised with 7 days notice per statute on at least two mediums (i.e.,Jl�Wspaper, CDD website, electronic communications).
Achieved: Yes (U/No D

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management's records. Standard: 100% of monthly website checks were completed by District Management. Achieved: Yes fiYNo D

 Infrastructure and Facilities Maintenance
Goal 2.1: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District's infrastructure and related systems.
Measurement: If needed, an inspection will be performed as evidenced by district engineer's report related to district's infrastructure and related systems. Standard: If needed, an inspection was completed in the Fiscal Year by the District's Engineer/
Achieved: Yes [ij'No D

 Financial Transparency and Accountability Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and post¢ to the CDD website.
Achieved: Yes g"No D

Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package.
Measurement: Annual audit, previous years' budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD's website.
Standard: CDD website contains 100% of the following information: Most recent
annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updatid financials.
Achieved: Yes fii'No □
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD's website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.	/
Achieved: Yes ffi'N"o D

ChairNice Chair:	  Print Name:	

Date:	

District Manager:�	C	�	
Print Name: ��		t:c��'--f'...�'f:;;)--rr.