MINUTES OF MEETING PRINCETON COMMONS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Princeton Commons Community Development District was held on March 20, 2026, at 10:00 a.m. at The Offices of Lennar Homes, 5505 Waterford District Drive, Miami, Florida.

Present and constituting a quorum were:

Teresa Baluja	Chairperson
Vanessa Perez	Assistant Secretary
Raisa Krause	Assistant Secretary Also present were:
Juliana Duque	District Manager, GMS
Michael Pawelczyk	District Counsel

FIRST ORDER OF BUSINESS	Oath of Office for Newly Elected
Supervisors Elected at the Landowners Meeting – Seat #3, Seat #4, and Seat #5
Ms. Duque: For the record, I have already taken the oath of office of Marc Szasz.
At this time I will administer the oath of office to Raise Krause and Vanessa Perez.

SECOND ORDER OF BUSINESS    Roll Call
Ms. Duque called the meeting to order and called the roll.

THIRD ORDER OF BUSINESS	Organizational Matters
Consideration of Resolution 2026-02 Canvassing and Certifying the Results of Landowners Election
Ms. Duque: The next item is the organizational matters, which is consideration of Resolution 2026-02, canvassing and certifying the results of the landowner’s elections.

This resolution formally certifies that Vanessa Perez and Marc Szasz were elected for four-year terms and Raisa was elected for a two-year term, consistent with the votes cast at the landowners meeting.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution 2026-02 Canvassing and Certifying the Results of Landowners Election, was approved.

Consideration of Resolution 2026-03 Electing Officers
Ms. Duque: Resolution 2026-03 elects officers. Currently we have Teresa as the Chair. Carmen is the Vice Chair. Vanessa, Marc, and Raisa serve as Assistant Secretary. From GMS you have Patti Powers as your Treasurer, Sharyn Henning as your Assistant Treasurer, Paul Winkeljohn as your Secretary, and Juliana Duque as an Assistant Secretary. Unless there are any changes to that slate of officers, I'll need a motion from the Board to provide me with a direction.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution 2026-03 Electing Officers as slated above, was approved.

FOURTH ORDER OF BUSINESS	Approval	of	Minutes	of	the
October 17, 2025 Meeting
Ms. Duque: You have the minutes of the October 17, 2025 meeting in your agenda package. Are there any comments, corrections, or changes to those? If there are no changes I would ask for a motion to approve the minutes.

On MOTION by Ms. Baluja seconded, by Ms. Perez, with all in favor, the Minutes of the October 17, 2025 Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution
#2026-04 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing
Ms. Duque: The next item is consideration of Resolution 2026-04, approving the proposed Fiscal Year 2027 budget and setting the public hearing. The proposed Fiscal Year 2027 budget totals $70,675 in revenues and expenditures, funded by on-roll assessments and a small carry-forward amount, with the per-unit assessment for the 87 single-family units remaining unchanged. There are no revisions to this budget. The Board must adopt the proposed budget and transmit it to the Clerk of the Miami-Dade County Board of County Commissioners by June 15. Based on the 60-day requirement from today to hold the public hearing, my recommendation is that the Board schedule the hearing for June 26, 2026, which aligns with our currently scheduled meeting date unless the Board provides different directions.

On MOTION by Ms. Baluja seconded, by Ms. Perez, with all in favor, Resolution #2026-04 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing on June 26, 2026 at 10:00 a.m. at 5505 Waterford District Drive, Miami, Florida, was approved.

SIXTH ORDER OF BUSINESS	Acceptance of Audit for Fiscal
Year Ending in September 30, 2025
Ms. Duque: Let's move to the acceptance of the audit for fiscal year ending September 30, 2025. The independent auditor has completed the Fiscal Year 2025 audit for the District’s financials. The report confirms that the statements are fairly presented and there are no material adverse findings noted for the District.

On MOTION by Ms. Baluja seconded, by Ms. Perez, with all in favor, Accepting the Audit for Fiscal Year Ending in September 30, 2025, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Pawelczyk: I don't have anything further.

Engineer
There being no report, the next item followed.

Manager – Discussion of Opening an Investment Account with the State Board to Earn Interest on Surplus Funds
Ms. Duque: Under the manager's report we have the discussion of opening an investment account with the State Board to earn interest on surplus funds. This will allow us to place excess operating cash in an interest-bearing government run investment pool while maintaining safety and liquidity.

On MOTION by Ms. Baluja seconded, by Ms. Perez, with all in favor, Opening an Investment Account with the State Board to Earn Interest on Surplus Funds, was approved.

EIGHTH ORDER OF BUSINESS Financial Reports
Approval of Funding Requests
Acceptance of Unaudited Financials
Ms. Duque: You have the funding requests and unaudited financials in your agenda package for Board review. Unless there are any questions I would ask for a motion to approve.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Approving the Funding Requests and Accepting the Unaudited Financials, was approved.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
There being no comments, the next item followed.

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

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

Secretary /Assistant Secretary

Chairman / Vice Chairman

Certificate Of Completion

Envelope Id: F71E3365-A2F4-81E8-82F1-8E47E5A6FC01	Status: Completed Subject: Princeton Commons: Complete with Docusign: 3-20-26 Minutes.pdf, Resolution 2026-05 (Parking Rules)
Source Envelope:
Document Pages: 25	Signatures: 8	Envelope Originator:
Certificate Pages: 2	Initials: 0	Ellen Acosta

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

Record Tracking		
Status: Original
7/1/2026 10:12:13 AM	Holder: Ellen Acosta
eacosta@gmssf.com	Location: DocuSign	
Signer Events	Signature	Timestamp	
Juliana Duque jduque@gmssf.com
District Manager - Assistant Secretary	
	Sent: 7/1/2026 10:15:40 AM Viewed: 7/1/2026 10:40:24 AM Signed: 7/1/2026 10:40:32 AM	
Security Level: Email, Account Authentication
(None)	Signature Adoption: Drawn on Device
Using IP Address: 2601:586:5382:cb60:ac33:507f:bafe:2bca

Electronic Record and Signature Disclosure:
Not Offered via Docusign

Teresa Baluja teresa.baluja@lennar.com Chair/ Vice Chair
Lennar Homes LLC
Security Level: Email, Account Authentication (None)

Signature Adoption: Uploaded Signature Image Using IP Address: 204.109.18.254

Sent: 7/1/2026 10:15:39 AM Viewed: 7/1/2026 11:21:56 AM Signed: 7/1/2026 11:22:03 AM

Electronic Record and Signature Disclosure:
Not Offered via Docusign		
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Envelope Summary Events	Status	Timestamps	
Envelope Sent	Hashed/Encrypted	7/1/2026 10:15:40 AM	
Certified Delivered	Security Checked	7/1/2026 11:21:56 AM	

Envelope Summary Events	Status	Timestamps	
Signing Complete	Security Checked	7/1/2026 11:22:03 AM	
Completed	Security Checked	7/1/2026 11:22:03 AM	
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