PREPARED FOR: Bannon Lakes Community Development District Reserve Study Proposal A picture containing text, clipart Description automatically generated PREPARED BY: Paul Grifoni, PRA, RS Engineer Reserve Specialist, RS Professional Reserve Analyst, PRA Licensed Home Inspector Custom Reserves 5470 E Busch Blvd., Unit 171 Tampa, Fl 33617 Office: (888) 927-7865 Fax: (813) 200-8448 www.CustomReserves.com Corbin Denagy District Manager Bannon Lakes Community Development District Reference #1398 435 Bannon Lakes Blvd. St. Augustine, FL 32095 Dear Board of Supervisors: Thank you for the opportunity to be of service to your community. We take great pride in our work and in helping all our clients navigate through the Reserve Study process. A Reserve Study is a key financial planning tool that helps Management and the Board in maintaining the common property components and planning for the future. Included in Your Reserve Study: • Excellent communication with our team. We listen to our clients’ concerns. From the timing of the inspection and report delivery to the financial or physical aspects of the community, we always listen and hear your concerns. • Industry-leading experience in all varieties of community associations, resorts, commercial properties, country clubs and more! With over 30 years of combined experience in the industry, we take the guess work out of budget season. • Timely contract completion is a must. We understand how important your receivables can be for budget and community meetings. We take great care in saying what we mean and meaning what we say when it comes to timely delivery. • Accuracy in results. The results depicted in a reserve study are only as good as the estimates of useful life, replacement cost and age of the individual components. More experience leads to greater accuracy in our product. • Relationship-building is paramount. A reserve study requires updating every 2 to 3 years to keep up to date with changes in construction costs, inflation and interest rate, and new technology. We put our client relationships at the forefront of our core values. Benefits of a Custom Reserves Report • Proper and accurate reserve planning for the future • Increased awareness of upcoming major property repairs and replacements • Maximized property and re-sale values when adequately funded • Increased likelihood of loans being granted by lenders when adequately funded • Decreased stress in knowing that a special assessment is not looming around the corner! Map Description automatically generated Florida Clients Served Report Content and Data Visualization Table Description automatically generated Table Description automatically generated Objectives Conduct an on-site inspection of the common property, document condition and forecast a customized funding plan required to replace or repair these elements as they wear out over the course of their useful lives. Scope of Services 1. An on-site meeting with Management and/or the Board. 2. Physical Analysis that includes an on-site inspection of the common property documented by photographs. 3. 30-year replacement/repair schedule that includes custom useful lives. 4. Financial Analysis with a 30-year Cash Flow and/or Component method of funding. 5. Electronic copy in PDF format of the Reserve Study that includes a detailed narrative including tables, graphs and charts depicting the findings. 6. Expenditures and Funding Plan in Excel upon request. 7. One hard copy of the Full Reserve Study upon request. 8. Free unlimited phone and online support. 9. One revision of the study up to the end of the current fiscal year. Affiliations Our services are provided by an Engineer with reserve study credentials from the Association of Professional Reserve Analysts (APRA) and Community Associations Institute (CAI). Additional qualifications include a Licensed Home Inspector with the Florida Association of Building Inspectors, construction management experience including estimating and scheduling. Custom Reserves experience includes inspection and condition analysis of hundreds of communities. A partial list of relevant experience is included on the last page. Please allow approximately four weeks from inspection for report delivery. When the Reserve Study is complete, your community will have access to live support and edit capability until the budget is approved. These revisions include adjustments to variables such as costs, times of replacement, inflation, and interest rates. Cost estimates are based on localized information gathered from resources that include, but are not limited to, local vendors and industry databases, combined with experience in home building, site development and actual data gathered from conducting thousands of reserve studies, collectively. Useful lives are generated from several factors such as environment, construction materials and historical information. Client Responsibilities This project requires involvement by your accounting personnel. To help achieve a smooth and successful implementation, it will be your responsibility to perform the following: 1. Include a copy of the financial statements i.e. (balance sheet, income statement and/or copy of the annual budget along with other financial reports.) 2. Supply the governing documents if applicable. 3. Provide access to all common areas. 4. Disclose known historical information. Report Use You may show our report in its entirety to those third parties who need to review the information contained herein. The Client and other third parties viewing this report should not reference Custom Reserves or our report, in whole or in part, in any document prepared and/or distributed to third parties without our written consent. This report contains intellectual property by Custom Reserves, LLC specified to this engagement. Client agrees to indemnify and hold harmless Custom Reserves against any and all loses, claims, actions, damages, expenses or liabilities, including attorney’s fees, to which Custom Reserves may become subject in connection with this engagement, because of any false, misleading or incomplete information supplied by client or third parties under client’s control or direction. The inspection and analysis of the subject property is limited to visual observations and is noninvasive. Custom Reserves does not investigate, nor assume any responsibility for any existence or impact of any hazardous materials, structural, latent or hidden defects which may or may not be present on or within the property. Our opinions of estimated costs and remaining useful lives are not a guarantee or a warranty of the common components. Client Name Custom Reserves maintains the confidentiality of all conversations, documents provided and the contents of the report, subject to legal or administrative process or proceedings. These conditions can only be modified by written documents executed by both parties. Components Anticipated to be Included in Your Custom Reserve Study Component Category Component Name Clubhouse Fitness Center | Exterior Renovations | HVAC Equipment | Interior Renovations | Roof | Windows and Doors Pool Deck | Fence | Finishes (Plaster and Tile) | Furniture | Mechanical Equipment | Rest Room Renovations Property Site Asphalt Pavement | Concrete Flatwork | Fences | Gate Entry Systems | Irrigation System | Playground Equipment | Signage | Recreational Courts 5470 E Busch Blvd., Unit 171 Tampa, Fl 33617 Office: (888) 927-7865 Fax: (813) 200-8448 contact@customreserves.com www.CustomReserves.com Custom Reserves appreciates the opportunity to be of service. Upon acceptance of this proposal, please sign and return this page along with a fifty percent (50%) retainer payment. We will contact you to schedule a site visit and inspection upon receipt of this payment. The remaining balance will be due upon receipt of the report. This letter sets forth the understanding of the District and serves as confirmation of services provided by Custom Reserves. Owner reserves the right to reject any and/or all Proposals received, and to rebid if the Owner deems necessary. Owner is not subject to pay any costs incurred by Vendors in the preparation and submission of their Proposals. Sincerely, Accepted By Title Date Paul Grifoni, PRA, RS Engineer Reserve Specialist Professional Reserve Analyst Licensed Insurance Adjuster Licensed Home Inspector $3,900. Confirmation of Services REF #: 1398 Fee estimates are based on the components summarized in the previous table. The fee for this Full Reserve Study is A picture containing text, clipart Description automatically generated A black and white drawing of a handwritten note Description automatically generated with low confidence Annual Review of the 30-year expenditures and funding plan(s) only Non-site update Update with site visit OPTIONAL future services are available upon request as depicted below. If your Association is interested in any of the following services, please check the appropriate box and we can provide pricing upon completion of the current reserve study. Please note that a non-site update can only be conducted one time between site visits. \ Experience Experience includes condominiums, homeowners associations, planned unit developments, property owner associations, co-operatives and community development districts with construction styles that range from townhouses to hi-rises. Other experience includes specialty establishments such as golf clubs, international properties, vacation ownership resorts (timeshares) as well as worship, retreat and camp facilities. A partial list of recent reserve study experience follows below: Somerset Community Development District Is a local unit of special purpose government located within Walton County, Florida established by the county in 2005. The District has constructed and/or acquired certain public infrastructure within the Alys Beach Community developed by EBSCO Gulf Coast Development, Inc. The development also contains other property site components such as a beach dune, irrigation system and street pavers. The Gallery Homes of Tapestry Park Is a commercial condominium located in Jacksonville FL built in 2008 and responsible for the common elements shared by 21 homes and 12 retail units within 3 three-story buildings. Sullivan Ranch is a planned unit development located in Mount Dora, Florida and is responsible for the common components shared by 692 homes established in 2006. The Association is also responsible for the replacement of the roofs and painting of a Service Area that comprises 34 Villas and 32 Garden units. The development contains clubhouse, pool and property site components. Opus Condominium is an apartment style development located in Daytona Beach Shores, Florida and is responsible for the common elements shared by 54 homes within one 11-story building. Opus Condos was established in 2009. The development contains elevators, fire systems, generator, parking garage, fitness center, pool and sea wall. Harbor Bay Community Development District owns and operates the community areas of Mira Bay in Apollo Beach FL including common areas, recreational facilities, public roadways, storm water management systems, street lighting, landscaping, clubhouse with café, lap pool, waterslide, clay tennis courts 35,000 linear feet of sea wall, boatlifts. (800) 980-9881 l reserveadvisors.com Property Wellness Reserve Study Program Proposal Level I Reserve Study Bannon Lakes Community Development District St. Augustine, FL Reserve Advisors, LLC 201 E. Kennedy Boulevard, Suite 1150 Tampa, FL 33602 (800) 980-9881 reserveadvisors.com 1 (800) 980-9881 l reserveadvisors.com Reserve Advisors Your Property Wellness Consultants Our Property Wellness Reserve Study Program Your home is the most expensive personal property you will ever own. The responsibility for preserving its value reaches beyond your home to include the spaces you share with your neighbors. Structures, systems, streets and amenities must be maintained to protect the value of your investment. But the required responsibility often stretches beyond individual knowledge and expertise. That’s why associations turn to Reserve Advisors. As your property wellness consultants, our reserve study helps associations understand their assets, expected lifespans, and both the budgets and maintenance needed to keep them in great working order. 2 (800) 980-9881 l reserveadvisors.com A Proactive Property Wellness Program Our engineers provide a thorough evaluation of your property and shared assets, and create a strong, informed plan to maximize your community’s physical and financial wellness for the long haul. Because proactive care ensures that your shared property is cared for the way you would care for your home. We have been helping communities thrive for over 30 years. But the job we are obsessed with is making sure you and your neighbors have what you need to protect your property today, and prevent costly and avoidable repairs tomorrow. It is the best way to care for the place that makes you feel welcome, safe, secure and proud. 3 (800) 980-9881 l reserveadvisors.com Helping Communities Thrive for Over 30 Years Reserve Advisors has prepared over 29,000 reserve studies for common interest realty associations nationwide. Our service area is one of the largest in the industry. Through the leadership of our founders, John Poehlmann and Theodore Salgado, we helped pioneer the standards that all reserve study providers are measured by today. This success comes from our independence, extensive knowledge and experience. We pride ourselves on delivering unbiased recommendations that give community associations the plans they need to ensure the future well-being of their property. Local Conditions Drawing upon our broad national experience, we recognize the profound impact local conditions have on the wear and tear of common property and subsequent replacement needs. Local Costs Our exclusive database of client project costs grants you real-time access to localized pricing, ensuring that your reserve study projections are not reliant on standardized costs. 4 (800) 980-9881 l reserveadvisors.com Level I Full Reserve Study We are proposing a Level I Full Reserve Study. This service involves developing a component list and quantification of each item - a crucial aspect often overlooked by unqualified providers. This service is suitable for communities that have never undergone a reserve study, as well as those contemplating a change in reserve study providers. Conducting a Level I Reserve Study allows us to not only verify the accuracy of the component inventory and related quantities/measurements with certainty - the foundation of any reserve study - but to also present capital planning recommendations with unwavering confidence. 5 (800) 980-9881 l reserveadvisors.com Property Wellness Reserve Study Program - Level I Reserve Advisors will perform a Level I Reserve Study in accordance with Community Associations Institute (CAI) National Reserve Study Standards. Your reserve study is comprised of the following: Physical Analysis: The reserve study consultant will develop a detailed list of reserve components, also known as a component inventory, and related quantities for each. We will complete a condition assessment or physical evaluation for each reserve component and the current condition of each will be documented with photographs. Life and cost estimates will be performed to determine estimated useful lives, remaining useful lives and current cost of repair or replacement. Financial Analysis: The reserve study consultant will identify the current reserve fund status in terms of cash value and prepare a customized funding plan. The funding plan outlines recommended annual reserve contributions to offset the future cost of capital projects over the next 30 years. Property Description Bannon Lakes Community Development District comprises 987 units. We've identified and will include the following reserve components: Clubhouse(s), Sport Court(s), Playground(s), Pool(s), Post or Pole Lights, Fences, Perimeter Walls/Fences, Monuments, and other property specifically identified that you’d like us to include. Scope of work includes all property owned-in-common as defined in your association’s declaration and other property specifically identified that you’d like us to include. 6 (800) 980-9881 l reserveadvisors.com Key Elements of Your Level I Property Wellness Reserve Study Program Reserve Advisors' Exclusive Tools Reserve Advisors’ exclusive tools allow you to make informed decisions to maintain your association’s longterm physical and financial health. Reserve Expenditures View your community’s entire schedule of prioritized expenditures for the next 30-years on one easy-to read spreadsheet. ---------------------------------------------------------------------------------------------------------------------------------------------- Funding Plan Establishes the most stable and equitable recommended annual reserve contributions necessary to meet your future project needs. ---------------------------------------------------------------------------------------------------------------------------------------------- Reserve Funding Graph Highlights your community’s current financial health and provides visibility to your projected cash flow over the next 30 years. ---------------------------------------------------------------------------------------------------------------------------------------------- Component Specific Details Including photographic documentation of conditions, project specific best practices outlining the scope of future projects, and preventative maintenance activities to maximize component useful lives. ---------------------------------------------------------------------------------------------------------------------------------------------- Excel Spreadsheets Empowering you to make more informed decisions by adjusting project schedules, future costs, and annual contributions in real time. 7 (800) 980-9881 l reserveadvisors.com For Confidence in All Decisions Personalized Experience Guarantee As your trusted advisor, we are committed to providing clarity on the true cost of property ownership through a comprehensive reserve study solution and unmatched advisory services. If the experience we provide fails to live up to your expectations, contact us at any time for a refund. Your property is your biggest investment. Here’s why our solution is the best for your community: Full Engagement It’s our job to understand your specific concerns and to discuss your priorities in order to ensure your reserve study experience exceeds expectations. Detailed Understanding We will do whatever it takes to ensure you have complete confidence in interpreting and putting into practice our findings and recommendations. Ongoing Support Unlike other firms, we provide current and future boards with additional insight, availability to answer questions and guidance well beyond report delivery. 8 (800) 980-9881 l reserveadvisors.com The Time to Protect Your Property's Long-Term Health is Now This proposal, dated 3/4/2024, for a Level I Property Wellness Reserve Study, is valid for 90 days. To Start Your Property Wellness Level I Reserve Study Program Today: 1. Select the service options below to confirm scope of engagement Service Price Reserve Study (Level I) This service includes a pre-project meeting to discuss your unique needs and priorities with our engineer. You'll receive: 1) a PDF report with 30-year expenditure and funding plan tables, 2) Excel spreadsheet with formulas, and 3) Complimentary support with implementation of your study and ongoing guidance. $7,550.00 Total $7,550.00 ---------------------------------------------------------------------------------------------------------------------------------------------- 2. E-sign below Signature: Name: For: Bannon Lakes Community Development District Title: Date: Ref: 240867 ---------------------------------------------------------------------------------------------------------------------------------------------- 3. Pay $3,775.00 Retainer via mail or ACH Mailing Address Reserve Advisors, LLC PO Box 88955 Milwaukee, WI 53288-8926 ACH Send Remittances to 'accounting@reserveadvisors.com' at time of payment Checking Account Number: 151391168 Routing Number: 075905787 Financial Institution: First Business Bank 17335 Golf Parkway, Suite 150 | Brookfield, WI 53045 You will receive your electronic report approximately four (4) weeks after our inspection, based on timely receipt of all necessary information from you. Authorization to inspection time varies depending on demand for our services. This proposal, dated 3/4/2024, is valid for 90 days, and may be executed and delivered by facsimile, portable document format (.pdf) or other electronic signature pages, and in any number of counterparts, which taken together shall be deemed one and the same instrument. One complimentary hard copy report is available upon request. 9 (800) 980-9881 l reserveadvisors.com Professional Service Conditions Our Services - Reserve Advisors, LLC (“RA” or “us” or “we”) performs its services as an independent contractor in accordance with our professional practice standards and its compensation is not contingent upon our conclusions. The purpose of our reserve study is to provide a budget planning tool that identifies the current status of the reserve fund, and an opinion recommending an annual funding plan, to create reserves for anticipated future replacement expenditures of the subject property. The purpose of our energy benchmarking services is to track, collect and summarize the subject property’s energy consumption over time for your use in comparison with other buildings of similar size and establishing a performance baseline for your planning of long-term energy efficiency goals. Our inspection and analysis of the subject property is limited to visual observations, is noninvasive and is not meant to nor does it include investigation into statutory, regulatory or code compliance. RA inspects sloped roofs from the ground and inspects flat roofs where safe access (stairs or ladder permanently attached to the structure) is available. Our energy benchmarking services with respect to the subject property is limited to collecting energy and utility data and summarizing such data in the form of an Energy Star Portfolio Manager Report or any other similar report, and hereby expressly excludes any recommendations with respect to the results of such energy benchmarking services or the accuracy of the energy information obtained from utility companies and other third-party sources with respect to the subject property. The reserve report and any energy benchmarking report (i.e., any Energy Star Portfolio Manager Report) (including any subsequent revisions thereto pursuant to the terms hereof, collectively, the “Report”) are based upon a “snapshot in time” at the moment of inspection. RA may note visible physical defects in the Report. The inspection is made by employees generally familiar with real estate and building construction. Except to the extent readily apparent to RA, RA cannot and shall not opine on the structural integrity of or other physical defects in the property under any circumstances. Without limitation to the foregoing, RA cannot and shall not opine on, nor is RA responsible for, the property’s conformity to specific governmental code requirements for fire, building, earthquake, occupancy or otherwise. RA is not responsible for conditions that have changed between the time of inspection and the issuance of the Report. RA does not provide invasive testing on any mechanical systems that provide energy to the property, nor can RA opine on any system components that are not easily accessible during the inspection. RA does not investigate, nor assume any responsibility for any existence or impact of any hazardous materials, such as asbestos, urea-formaldehyde foam insulation, other chemicals, toxic wastes, environmental mold or other potentially hazardous materials or structural defects that are latent or hidden defects which may or may not be present on or within the property. RA does not make any soil analysis or geological study as part of its services, nor does RA investigate vapor, water, oil, gas, coal, or other subsurface mineral and use rights or such hidden conditions, and RA assumes no responsibility for any such conditions. The Report contains opinions of estimated replacement costs or deferred maintenance expenses and remaining useful lives, which are neither a guarantee of the actual costs or expenses of replacement or deferred maintenance nor a guarantee of remaining useful lives of any property element. RA assumes, without independent verification, the accuracy of all data provided to it. Except to the extent resulting from RA’s willful misconduct in connection with the performance of its obligations under this agreement, you agree to indemnify, defend, and hold RA and its affiliates, officers, managers, employees, agents, successors and assigns (each, an “RA Party”) harmless from and against (and promptly reimburse each RA Party for) any and all losses, claims, actions, demands, judgments, orders, damages, expenses or liabilities, including, without limitation, reasonable attorneys' fees, asserted against or to which any RA Party may become subject in connection with this engagement, including, without limitation, as a result of any false, misleading or incomplete information which RA relied upon that was supplied by you or others under your direction, or which may result from any improper use or reliance on the Report by you or third parties under your control or direction or to whom you provided the Report. NOTWITHSTANDING ANY OTHER PROVISION HEREIN TO THE CONTRARY, THE AGGREGATE LIABILITY (IF ANY) OF RA WITH RESPECT TO THIS AGREEMENT AND RA’S OBLIGATIONS HEREUNDER IS LIMITED TO THE AMOUNT OF THE FEES ACTUALLY RECEIVED BY RA FROM YOU FOR THE SERVICES AND REPORT PERFORMED BY RA UNDER THIS AGREEMENT, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE. YOUR REMEDIES SET FORTH HEREIN ARE EXCLUSIVE AND ARE YOUR SOLE REMEDIES FOR ANY FAILURE OF RA TO COMPLY WITH ITS OBLIGATIONS HEREUNDER OR OTHERWISE. RA SHALL NOT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, ANY LOST PROFITS AND LOST SAVINGS, LOSS OF USE OR INTERRUPTION OF BUSINESS, HOWEVER CAUSED, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), BREACH OF WARRANTY, STRICT LIABILITY OR OTHERWISE, EVEN IF RA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL RA BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES. RA DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED OR OF ANY NATURE, WITH REGARD TO THE SERVICES AND THE REPORT, INCLUDING, WITHOUT LIMITATION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 10 (800) 980-9881 l reserveadvisors.com Professional Service Conditions - Continued Report - RA will complete the services in accordance with the Proposal. The Report represents a valid opinion of RA’s findings and recommendations with respect to the reserve study and is deemed complete. RA will consider any additional information made available to RA within 6 months of issuing the Report and issue a revised Report based on such additional information if a timely request for a revised Report is made by you. RA retains the right to withhold a revised Report if payment for services was not tendered in a timely manner. All information received by RA and all files, work papers or documents developed by RA during the course of the engagement shall remain the property of RA and may be used for whatever purpose it sees fit. RA reserves the right to, and you acknowledge and agree that RA may, use any data provided by you in connection with the services, or gathered as a result of providing such services, including in connection with creating and issuing any Report, in a de-identified and aggregated form for RA’s business purposes. Your Obligations - You agree to provide us access to the subject property for an on-site visual inspection. You agree to provide RA all available, historical and budgetary information, the governing documents, and other information that we request and deem necessary to complete the Report. Additionally, you agree to provide historical replacement schedules, utility bills and historical energy usage files that RA requests and deems necessary to complete the energy benchmarking services, and you agree to provide any utility release(s) reasonably requested by RA permitting RA to obtain any such data and/or information from any utility representative or other third party. You agree to pay actual attorneys’ fees and any other costs incurred to collect on any unpaid balance for RA’s services. Use of Our Report - Use of the Report is limited to only the purpose stated herein. You acknowledge that RA is the exclusive owner of all intellectual property rights in and relating to the Report. You hereby acknowledge that any use or reliance by you on the Report for any unauthorized purpose is at your own risk and that you will be liable for the consequences of any unauthorized use or distribution of the Report. Use or possession of the Report by any unauthorized third party is prohibited. The Report in whole or in part is not and cannot be used as a design specification for design engineering purposes or as an appraisal. You may show the Report in its entirety to the following third parties: members of your organization (including your directors, officers, tenants and prospective purchasers), your accountants, attorneys, financial institutions and property managers who need to review the information contained herein, and any other third party who has a right to inspect the Report under applicable law including, but not limited, to any government entity or agency, or any utility companies. Without the written consent of RA, you shall not disclose the Report to any other third party. By engaging our services, you agree that the Report contains intellectual property developed (and owned solely) by RA and agree that you will not reproduce or distribute the Report to any party that conducts reserve studies or energy benchmarking services without the written consent of RA. RA will include (and you hereby agree that RA may include) your name in our client lists. RA reserves the right to use (and you hereby agree that RA may use) property information to obtain estimates of replacement costs, useful life of property elements or otherwise as RA, in its sole discretion, deems appropriate. Payment Terms, Due Dates and Interest Charges - If reserve study and energy benchmarking services are performed by RA, then the retainer payment is due upon execution of this agreement and prior to the inspection by RA, and any balance is due net 30 days from the Report shipment date. If only energy benchmarking services are performed by RA, then the retainer payment is due upon execution of this agreement and any balance is due net 30 days from the Report shipment date. In any case, any balance remaining 30 days after delivery of the Report shall accrue an interest charge of 1.5% per month. Unless this agreement is earlier terminated by RA in the event you breach or otherwise fail to comply with your obligations under this agreement, RA’s obligations under this agreement shall commence on the date you execute and deliver this agreement and terminate on the date that is 6 months from the date of delivery of the Report by RA. Notwithstanding anything herein to the contrary, each provision that by its context and nature should survive the expiration or early termination of this agreement shall so survive, including, without limitation, any provisions with respect to payment, intellectual property rights, limitations of liability and governing law. Miscellaneous – Neither party shall be liable for any failures or delays in performance due to fire, flood, strike or other labor difficulty, act of God, act of any governmental authority, riot, embargo, fuel or energy shortage, pandemic, wrecks or delays in transportation, or due to any other cause beyond such party’s reasonable control; provided, however, that you shall not be relieved from your obligations to make any payment(s) to RA as and when due hereunder. In the event of a delay in performance due to any such cause, the time for completion or date of delivery will be extended by a period of time reasonably necessary to overcome the effect of such delay. You may not assign or otherwise transfer this agreement, in whole or in part, without the prior written consent of RA. RA may freely assign or otherwise transfer this agreement, in whole or in part, without your prior consent. This agreement shall be governed by the laws of the State of Wisconsin without regard to any principles of conflicts of law that would apply the laws of another jurisdiction. Any dispute with respect to this agreement shall be exclusively venued in Milwaukee County Circuit Court or in the United States District Court for the Eastern District of Wisconsin. Each party hereto agrees and hereby waives the right to a trial by jury in any action, proceeding or claim brought by or on behalf of the parties hereto with respect to any matter related to this agreement. 11 U.S. MULCHING - JACKSONVILLE 409 Queen Anne Court St.Augustine, FL 32092 ESTIMATE Jacksonville DATE April 24, 2024 PO number Bannons Lakes CDD Bannons Lakes Blvd St.Augustine, Fl. 32095 TERMS QUANTITY DESCRIPTION 25 Install Certified Playground: Bannon Lakes Amenity center playground UNIT PRICE AMOUNT $55.00 $1,375.00 SUBTOTAL 1,375.00 TAX 0.00 $1,375.00 PAY THIS AMOUNT DIRECT ALL INQUIRIES TO: Javi Sowers (904) 422-5927 email: usmulchingjax@bellsouth.net www.usmulchingjax.com THANK YOU FOR YOUR BUSINESS! U.S. MULCHING - JACKSONVILLE 409 Queen Anne Court St.Augustine, FL 32092 ESTIMATE Jacksonville DATE April 24, 2024 PO number Bannons Lakes CDD Bannons Lakes Blvd St.Augustine, Fl. 32095 TERMS QUANTITY DESCRIPTION 100 Install Brown: Bannon Lakes Amenity center UNIT PRICE AMOUNT $46.00 $4,600.00 SUBTOTAL 4,600.00 TAX 0.00 $4,600.00 PAY THIS AMOUNT DIRECT ALL INQUIRIES TO: Javi Sowers (904) 422-5927 email: usmulchingjax@bellsouth.net www.usmulchingjax.com THANK YOU FOR YOUR BUSINESS!