MINUTES OF MEETING
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rivers Edge III Community Development District was held on Wednesday, February 18, 2026 at 9:00 a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida.

Present and constituting a quorum were:

DJ Smith	Chairman
Jason Thomas	Vice Chairman
Jarrett O’Leary	Supervisor Also present were:
Corbin deNagy	District Manager
Lauren Gentry by phone	District Counsel
Mary Grace Henley	District Counsel
Richard Losco	General Manager
Jeff Mason	District Engineer
Jason Davidson	Regional General Manager
Kevin McKendree	Field Operations Manager
Kimberly Fatuch	Lifestyle Director
Ken Council	Amenity Manager
Lisa McCormick	Vesta Property Services
Mike Scuncio	Yellowstone Landscape
Garrett Cannady	Yellowstone Landscape
Malcolm Santos	Yellowstone Landscape Several Residents

The following is a summary of the discussions and actions taken at the February 18, 2026 meeting.
FIRST ORDER OF BUSINESS	Roll Call
Mr. deNagy called the meeting to order at 9:01 a.m.

SECOND ORDER OF BUSINESS	Public Comment
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Staff Reports
Landscape Maintenance – Monthly Report

A copy of Yellowstone’s monthly landscape maintenance report was included in the agenda package for the Board’s review.

District Engineer
There being nothing to report, the next item followed.

District Counsel
Ms. Henley stated that her firm circulated a reminder of the required four hours of ethics training for the board members to complete, which included a new free training option.
District Manager
There being nothing to report, the next item followed.

General Manager - Monthly Operations and Pond Reports
A copy of the monthly operations report was included in the agenda package. Mr. Losco reported there was another JEA mainline break in January, and JEA has acknowledged the breaks are due to JEA operational issues with elevated pressure and they will be assisting with reimbursement of water expenses.
FOURTH ORDER OF BUSINESS	Approval of Consent Agenda
Minutes of the November 19, 2025 Board of Supervisors Meeting
Financial Statements as of December 31, 2025
Check Register
Copies of the minutes, financial statements, and check register totaling $680,322.04 were included in the agenda package for the Board’s review.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the consent agenda was approved.

FIFTH ORDER OF BUSINESS	Ratification of Engagement Letter with
AMTEC for Arbitrage Rebate Services
Mr. deNagy presented the engagement letter for arbitrage rebate calculations, which was signed between meetings.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the engagement letter with AMTEC for arbitrage rebate calculation services was ratified.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-02,
Directing the St. Johns County Supervisor of Elections to Begin Conducting General Elections for the District
Ms. Henley explained that 2026 is the first year Rivers Edge III will be going through a general election. Seats 1 and 2 will be up for general election for four-year terms, while seat 5 will be up for a landowner election, also for a four-year term. The enclosed resolution is required to have the Supervisor of Elections run the election.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor Resolution 2026-02, directing the St. Johns County Supervisor of Elections to begin conducting general elections for the District was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2026-03,
Designating a Date, Time and Place for a Landowner’s Election
Ms. Henley noted in Section 3, the date needs to be changed to February 18, 2026.
The Board’s consensus was to set the date of the landowner’s election for November 4, 2026 at 9:00 a.m. at the offices of GMS.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor Resolution 2026-03, setting a landowner’s election for November 4, 2026 at 9:00 a.m. was approved.

EIGHTH ORDER OF BUSINESS	Discussion of Policy for Use of District
Vehicles
Mr. deNagy stated that this policy was a request of a Rivers Edge CDD board supervisor after the boards purchased the two maintenance vehicles for the districts for use of the vehicles by staff.
There were no objections from the Board on the policy.

NINTH ORDER OF BUSINESS	Discussion of Hallow-Crawl Event on
District Property
Mr. deNagy stated that a group is putting together a proposal to be presented to all three CDD boards to hold the event on District property, however it was not received in time to make it into the package.
This item was tabled.

TENTH ORDER OF BUSINESS	Consideration of Construction Funding
Request #19 and Funding Request #51
Mr. deNagy presented the two funding requests, totaling $165,531.59 and $8,102.50.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor construction funding request #19 and funding request #51 were approved.

ELEVENTH ORDER OF BUSINESS	Consideration of Acquisition of Rivertown
Main Street – Phase Five CDD Improvements
Ms. Henley asked for approval of the acquisition documents in substantial form with authorization for staff to finalize them between meetings.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the acquisition documents for Rivertown Main Street Phase 5 were approved in substantial form with staff authorized to finalize the documents between meetings.

TWELFTH ORDER OF BUSINESS	Consideration or Ratification of Cost Share
Requests
Ratification of Palm Tree Boot Trimming
Mr. Losco presented the cost share request for trimming the palm tree boots for a total of $27,525. Rivers Edge III’s portion would come to $9,639.25.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share requests for palm tree boot trimming was approved.

Consideration of Landscape Maintenance Services for Main Street and The Cove

Mr. Losco presented the cost share requests for landscape maintenance of Clairborne to Greenbrier and The Cove for a total of $179,760 per year. Rivers Edge III’s portion would come to $62,951.95. It was noted this item was included in the budget.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share request for landscape maintenance of Main Street and The Cove was approved.

Consideration of Pond Maintenance Services for Ponds 97-104
Mr. Losco presented the cost share request for pond maintenance services for a total of
$8,220. Rivers Edge III’s portion would come to $2,878.64. It was noted this item was included in the budget.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share request for pond maintenance services for ponds 97-104 was approved.

Consideration of RiverHouse Lap Pool Race Lane Dividers
Mr. Losco presented the cost share request for lap pool race lane dividers for RiverHouse for a total of $8,610. Rivers Edge III’s portion would come to $3,015.22.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share request for lap pool race lane dividers was approved.

Consideration of Mulching for All Three CDDs
Mr. Losco presented cost share requests for mulching of all three districts totaling
$168,018.24 for CDD 1, $70,344.37 for CDD 2, and $176,360.67 for CDD 3. Rivers Edge III’s portion would come to $58,924, $24,669.77 and $61,761.51 respectively.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share requests for mulching of CDD 1 was approved.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share requests for mulching of CDD 2 was approved.

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the cost share requests for mulching of CDD 3 was approved.

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests
There being none, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

FIFTEENTH ORDER OF BUSINESS	Next Scheduled Meeting – March 18, 2026
at 9:00 a.m. at the RiverHouse

SIXTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Smith seconded by Mr. Thomas with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman