Knightsbridge Community Development District

Agenda February 16, 2026

Agenda

February 9, 2026 Board of Supervisors
Knightsbridge
Community Development District
219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
Knightsbridge Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Knightsbridge Community Development District will be held Monday, February 16, 2026 at 10:30 a.m., or as shortly thereafter as reasonably possible, at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, FL 33896. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of Josmin Martinez and Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2028
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2026-01 Electing an Assistant Secretary
Approval of Minutes of the January 19, 2026 Meeting
Ratification of Series 2024 Requisitions #16 - #18
Staff Reports
Attorney
Engineer
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Status of Construction Funds & Requisitions
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Report for the Series 2024 Bonds
Field Manager’s Report
Other Business
Supervisor’s Requests
Adjournment
The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,
George S. Flint
George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel Davie Reid, District Engineer

Enclosures

Section III

Section A
From: Stacie Vanderbilt svanderbilt@gmscfl.com 
Subject: Fwd: Resigning Board - Knightsbridge
Date: February 9, 2026 at 1:00 PM
To:

From: Josmin Mar+nez <Josmin.Mar+nez@lennar.com>
Date: February 9, 2026 at 10:51:25 AM EST To: George Flint <gﬂint@gmscﬂ.com> Subject: Resigning Board - Knightsbridge

Hey George,
Today is my last day with Lennar. I wanted to reach out to advise you of my resignation of the my seat in the Knightsbridge CDD. Mark advised that they will be ready to appoint someone new at Monday’s meeting.
Thank you!

Josmin Martinez
Land Acquisition Coordinator
Email: Josmin.Martinez@Lennar.com www.lennar.com

Section C
RESOLUTION 2026-01
A	RESOLUTION	OF	THE	KNIGHTSBRIDGE COMMUNITY  DEVELOPMENT  DISTRICT  ELECTING
	 AS	ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Knightsbridge Community District desires to elect 	 as an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT:

1.		 is elected Assistant Secretary of the Board of Supervisors.

Adopted this 16th day of February, 2026.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Minutes
MINUTES OF MEETING KNIGHTSBRIDGE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Knightsbridge Community Development District was held Monday, January 19, 2026, at 10:00 a.m. at the Oasis Club at Champions Gate at 1520 Oasis Club Blvd., Champions Gate, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Rob Bonin	Vice Chairman
Michelle Dudley	Assistant Secretary
Josmin Martinez by phone	Appointed as Assistant Secretary
Logan Lantrip by phone	Appointed as Assistant Secretary Also present were:
George Flint	District Manager
Kristen Trucco	District Counsel
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Three Board members were in attendance constituting a quorum.
SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Are there any public comments at this time? There doesn’t appear to be any.

THIRD ORDER OF BUSINESS	Approval	of	Minutes	of	the
August 18, 2025 Meeting
Mr. Flint: We have approval of the minutes from the August 18, 2025 meeting. Did the Board have any comments or corrections to those?
Mr. Morgan: No changes. I’ll make a motion to approve.

January 19, 2026	Knightsbridge CDD

FOURTH ORDER OF BUSINESS	Ratification Items
Agreement with AMTEC for Arbitrage Rebate Calculation Services for the Series 2024 Bonds
Mr. Flint: We have some ratification items. The first one is the agreement with AMTEC for arbitrage rebate calculation services.
Mr. Morgan: I make a motion to ratify the agreement.

Agreement with DiBartolomeo, McBee, Hartley & Barnes, P.A. to Provide Auditing Services for the Fiscal Year 2025
Mr. Flint: Next is the ratification of the agreement with DiBartolomeo, McBee, Hartley & Barnes for the annual independent audit for Fiscal Year 2025.

Series 2024 Requisitions #10 - #15
Mr. Flint: Next you have requisitions #10 through #15 for the Series 2024 bonds.

Osceola County Property Appraiser Data Sharing and Usage Agreement
Mr. Flint: You have the Data Sharing and Usage Agreement with the Property Appraiser.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Staff reports, attorney?
Ms. Trucco: Since the last Board meeting, I have been asked to assist the developer in revisiting the location of an existing easement and moving it from private residential lots to future
January 19, 2026	Knightsbridge CDD

CDD property. We haven’t met for a while, so I would like to request a motion to authorize me to work on that with the developer from the Board.
Mr. Bonin: I make a motion to approve that request from Counsel.

Ms. Trucco: I’ll provide an update at the next Board meeting on that. Mr. Bonin: This is that easement that came with the property we bought? Mr. Morgan: Yes.
Mr. Bonin: It gave access to the mitigation bank. Mr. Morgan: Yes.
Mr. Bonin: That property just does a straight east to west across the backs of some of the home sites that those northerly home sites in Knightsbridge 2A. So, we originally were trying to come up with an access through the park in that northeast corner. This is the pond that we’re currently going to provide them access because they wouldn’t release the old easement until the new easement was sufficiently good. That little northeast pond was the quickest access to get back there, but they didn’t like it. So, you would access it from the road, drive around here, and then get back to here and get back to their conservation easement.
Ms. Dudley: Is this suggested by the ESA? Is that the route? Mr. Bonin: Yeah. The current one is right here.
Mr. Bonin: We had proposed to go here, but they turned that down. So now we’re going here. You’re following the top of the pond to get there, and it makes the most sense because when you get into the woods, you can access it. Their location, this is the ridiculous part; they had never been using their own easement. They had been coming in through the north. Then once they realized they were being asked to abandon it, now all of a sudden they wanted us to cut through the whole area. We said we’re not doing that, so we’re having to do this, but we need to provide them this one and then abandon the other one. Now we’ve closed on homes that have that easement on it. So, we may try and have maybe some success with getting these homeowners to sign off. But as long as we abandon where we own the property on each end, it basically cuts off. It makes their easements, if they still retain on their property, it makes it move because you couldn’t access it anyways because we cut it off on either end on property we own.
January 19, 2026	Knightsbridge CDD

Ms. Trucco: But I think we’ll offer to the residents to sign a release.
Mr. Bonin: Yeah, it’s not the end of the world. We’ll cut it off on the other side. There’s going to be probably eight homeowners that would have to do this.
Ms. Trucco: Right.
Mr. Bonin: Whatever is the next step in doing this is what we need to be doing. Mr. Flint: Okay. Anything else, Kristen?
Ms. Trucco: No, that’s it for me. Thank you.

Engineer
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Status of Construction Funds & Requisitions
Mr. Flint: There is no Engineer’s report today.

District Manager’s Report
Approval of Check Registers
August 5, 2025 – September 1, 2025
September 2, 2025 – November 7, 2025
November 8, 2025 – December 1, 2025
December 2, 2025 – January 5, 2026
Mr. Flint: You have four check registers from August 5, 2025 through January 5, 2026.
Are there any questions on those?
Mr. Morgan: No questions from me. I make a motion to approve all of those.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials in your agenda for review. No action is required.

Field Manager’s Report
Mr. Flint: Field Manager’s report, Alan.
Mr. Scheerer: Just a couple things, everything is going pretty well. As you know, we do have the boulders that are in some of the island tips on Golden Knight Boulevard. Three weeks ago, about four of them were relocated to between the two islands as you’re exiting the school, as
January 19, 2026	Knightsbridge CDD

you’re heading down Golden Knight Boulevard. We don’t know who did it, why they did it, but Kirkland came out and replaced them where they’re supposed to go.
Mr. Bonin: I’ve told Kirkand, if I can move those boulders just with my hands, they’re too light. I said I’m paying you big money for these boulders. I told them I wanted heavier boulders.
Mr. Scheerer: Right.
Mr. Bonin: This is ridiculous. If one person can just move them, they’re not good enough.
Mr. Scheerer: They think it was maybe the school resource officer, but we don’t have any confirmation of that.
Mr. Bonin: Is his camera still there? Mr. Scheerer: No.
Mr. Bonin: He took that down.
Mr. Scheerer: That camera is down more towards the traffic circle, I believe. Ms. Dudley: That’s where the boulders were.
Mr. Scheerer: No, there are boulders all the way down. Mr. Morgan: All the way down to the school.
Mr. Scheerer: As you’re coming in off of Poinciana Boulevard, you’ve got the first entrance to the right to the school, and as you go further in, you have the exit, and they make you turn right and turn around. That’s the area where the cones are in the median is the area where the boulders were relocated.
Mr. Bonin: Has he objected to adding bigger boulders?
Mr. Scheerer: I have not had a conversation with him about the size of the boulders, but I
will.
Mr. Bonin: The whole idea was he was the one complaining about his landscape. I’m like,
here’s an idea to help your landscaping, but you’ve got to put heavier boulders to make them be worth it. If he needs to do another half dozen of them in key spots, getting bigger, heavier boulders, then I think he should.
Mr. Scheerer: Got it. I didn’t realize it was an issue, but I will talk to Mark about it. The bigger thing that we’ve got going on are street lights. There was a lease that wasn’t transferred. It was finally transferred. We got it all set up in the CDD’s name, and there were 20 or 30 lights out on Golden Knight starting at Poinciana Boulevard. All that information was sent over to Duke Energy. Duke Energy said, we’ll take care of it can you get me the light poles. I went out and I
January 19, 2026	Knightsbridge CDD

wrote down every street light pole that was out. We gave it to Duke, as a person by the name of Taylor Waters. I’m not familiar with Taylor, but they’re with the Engineering design assistant for outdoor lighting programs and they said they’d be taken care of within three to five business days. I waited most of last week and I was there this morning about 6:15 a.m. Those same lights are still out. I went ahead and got online, they show that they’ve been repaired, and I re-reported them online this morning as not being repaired. So, we’re working on that right now.
Mr. Flint: This has been going on for a long time. Mr. Scheerer: It has been several months now.
Mr. Bonin: What’s the name of that boulevard?
Mr. Scheerer: Golden Knight Boulevard. Then one other thing I noticed when I was out there is I had some solar lighting out in Phase Two. Well, when I went on the Duke Energy website, they have no lights indicated in Phase Two whatsoever. And as you know, each street light pole has an asset I.D. number on it. It’s a digital number, and none of those have those on them as well. I spoke to DJ; he was going to talk to Gerald Brooks. I actually emailed them both this morning and asked what we need to do because there are solar powered lights that are in there that are out. When you come into the community at the traffic circle, Golden Knight doesn’t end there, it continues into Phase Two. Some of those lights are on Golden Knight, but those are Phase Two solar power lights.
Ms. Dudley: So, they don’t have numbers on the light poles? Mr. Scheerer: No, ma’am.
Ms. Dudley: Is that why we couldn’t find the account when we were going back and forth about that?
Mr. Scheerer: No, because those lights were already in the name of the CDD. The ones that were not was that first section of Poinciana Boulevard. They all have asset I.D. numbers. Every light pole from Poinciana Boulevard to the traffic circle in to Phase One. Any of them that are not solar all have asset I.D. numbers on them. The ones that don’t are the solar ones. So, I know DJ was going to try to get with Gerald.
Mr. Bonin: I texted you, Daryl, Gerald, and DJ because I didn’t know. These lights have supposedly been out for weeks, if not months and are still not replaced or fixed?
Mr. Scheerer: As of this morning, no. The ones coming in off of Poinciana Boulevard towards the traffic circle.
January 19, 2026	Knightsbridge CDD

Mr. Bonin: Then in Knightsbridge, the solar version, is it specific to A or B?
Mr. Scheerer: It’s mostly in A. On Golden Knight Boulevard, it’s basically from the traffic circle to Maple Cross. You’ve got a majority of those lights that are out as of this morning, and I can’t think of the name of the first street as you come in off the traffic circle into Phase Two to the left, there are four or five lights out there, but they’ve all been flagged. I flagged every single one of them. I look for asset I.D. numbers, and the bigger problem for me with that is even if I don’t have the asset I.D. number, if the poles are on Duke’s website, you can just go to the pole and it’ll give you the number, the location. Anyway, I just wanted to let you know we’re working on that if you get any questions.
Mr. Bonin: I’ll add some pressure on Gerald.
Mr. Scheerer: Thank you. There was somebody else with Duke. I was trying to remember his name. I couldn’t remember his name.
Mr. Bonin: Gerald’s who is getting it done. Mr. Flint: Any help would be appreciated. Mr. Scheerer: Yeah. We appreciate anything.
Mr. Bonin: With all the ponds and the seeding, that’s all behind us? Kirkland finally accepted. They came back and redid some of the sods?
Mr. Scheerer: Yeah. They did the sod. We got trees replaced back in 2B. I know that there are still a couple of areas on the asphalt, but about 90% of that asphalt has been corrected.
Mr. Bonin: If you can do one final brush of areas now that it’s a little drier. If anything is even resembling holding water, send it to me because that’s the one retainage I’m still holding on Hughes Brothers. I’ve released all their retainage except anything related to the trail. Because I haven’t put my eyes on it. I’m counting on you and DJ to say we’re all good. There’s no holding water, because if not, I’m making them still go out there.
Mr. Scheerer: No problem. I’ll meet with DJ, we’ll set up a time to do another walk.
Mr. Morgan: Also, you might get with Applied Aquatic because some of the ponds are looking a little weary out there, like they haven’t been sprayed in a while and we’re paying for it. Mr. Scheerer: They’ve all been sprayed. They get sprayed once a month. I can assure you they’re out there because I see them virtually every time I’m on site. But I will get with them. I know that all the ponds are acting kind of wonky here lately. You might have four or five that are
nice and clear.
January 19, 2026	Knightsbridge CDD

Mr. Morgan: That one, it’s got quite a bit of stuff around it. Mr. Scheerer: Got it.

SIXTH ORDER OF BUSINESS	Other Business
Mr. Flint: Any other business or Supervisor requests?

SEVENTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V
REQUISITION

KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024
(2024 PROJECT)

(Acquisition and Construction)

The undersigned, a Responsible Officer of the Knightsbridge Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), dated as of March 1, 2024, as supplemented by that certain First Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 16
Identify Acquisition Agreement, if applicable;
Name of Payee: Latham, Luna, Edan & Beaudine
Amount Payable: $396.50
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 146328 - Conveyances/Requisitions for Sept 2025
Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2024 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District,
each disbursement set forth above is a proper charge against the Series 2024 Acquisition and Construction Account;
each disbursement set forth above was incurred in connection with the Cost of the 2024 Project; and
each disbursement represents a Cost of 2024 Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any 9f the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.	•

Originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District.
KNIGHTS-AH' ?GE	COITY DEVELO	DI

By:

Date:_
_; ,l ?Il/':..-4-:i?,.. .,		_

CONSULTING ENGINEER'S APPROVAL FOR
NON-COST OF ISSUANCE OR NON-OPERATING COSTS REQUESTS ONLY
The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the 2024 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified.

C.onstilting Engineer·

2

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802

October 15, 2025

Knightsbridge CDD
219 East Livingston Street Orlando, FL 32801
Invoice #:	146328
Federal ID #:59-3366512

Matter ID: 10120-004	Conveyances/Requisitions

For Professional Services Rendered:
9/29/2025	KET	Review of email correspondence from surveyor and from Lennar regarding request to modify easement and create an easement for Phase 2. Review of property appraiser website regarding same. Responded to same.

1.30	$396.50

Total Professional Services:	1.30	$396.50

Total	$396.50 Previous Balance		$30.00
Payments & Credits
Date	Type	Notes	Amount
Payments & Credits	$0.00
Total Due	$426.50

REQUISITION

KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024
(2024 PROJECT)

(Acquisition and Construction)

The undersigned, a Responsible Officer of the Knightsbridge Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), dated as of March 1, 2024, as supplemented by that certain First Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 17
Identify Acquisition Agreement, if applicable;
Name of Payee: Latham, Luna, Edan & Beaudine
Amount Payable: $305.00
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 146523 - Conveyances/Requisitions for Oct 2025
Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2024 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District,
each disbursement set forth above is a proper charge against the Series 2024 Acquisition and Construction Account;
each disbursement set forth above was incurred in connection with the Cost of the 2024 Project; and
each disbursement represents a Cost of 2024 Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District.

KNIGHTSBRIDGE	0 
DEVELO	?.Q	T S

By:

Date:	I	Ill
ITY

CONSULTING ENGINEER'S APPROVAL FOR
NON-COST OF ISSUANCE OR NON-OPERATING COSTS REQUESTS ONLY
The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the 2024 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified.

Consulting Engineer

2

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802

November 12, 2025

Knightsbridge CDD
219 East Livingston Street Orlando, FL 32801
Invoice #:	146523
Federal ID #:59-3366512

Matter ID: 10120-004	Conveyances/Requisitions

For Professional Services Rendered:
10/8/2025	KET	Telephone discussion with Developer and Surveyor regarding easement modification request. Preparation Amendment to Easement for same.

1.00	$305.00

Total Professional Services:	1.00	$305.00

Total	$305.00	
Previous Balance	$426.50	
Total Due	$731.50	

REQUISITION

KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024
(2024 PROJECT)

(Acquisition and Construction)

The undersigned, a Responsible Officer of the Knightsbridge Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), dated as of March 1, 2024, as supplemented by that certain First Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 18
Identify Acquisition Agreement, if applicable;
Name of Payee: Latham, Luna, Edan & Beaudine
Amount Payable: $396.50
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 147856 - Conveyances/Requisitions for Nov 2025
Fund or Account and subaccount, if any, from which disbursement to be made:
Series 2024 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District,
each disbursement set forth above is a proper charge against the Series 2024 Acquisition and Construction Account;
each disbursement set forth above was incurred in connection with the Cost of the 2024 Project; and
each disbursement represents a Cost of 2024 Project which has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District.

By:
Responsible'Officer
Date:	Jtlr/, +I/ ?

CONSULTING ENGINEER'S APPROVAL FOR
NON-COST OF ISSUANCE OR NON-OPERATING COSTS REQUESTS ONLY
The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the 2024 Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified.
?,Q	
Consulting Engineer

2

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802

December 10, 2025

Knightsbridge CDD
219 East Livingston Street Orlando, FL 32801
Invoice #:	147856
Federal ID #:59-3366512

Matter ID: 10120-004	Conveyances/Requisitions

For Professional Services Rendered:
11/20/2025	KET	Review of materials and public records regarding request to modify Tri-Party Easement Agt. Email correspondence to Fidelity and surveyor regarding same.

1.30	$396.50

Total Professional Services:	1.30	$396.50

Total	$396.50	
Previous Balance	$731.50	
Total Due	$1,128.00	

Section VI

Section C

Section 1

Summary of Check Register

January 6, 2025 to February 2, 2026

General Fund	
1/8/26	
192-193	
$	
15,325.00	
	1/15/26	194	$	5,703.30	
	1/21/26	195	$	950.00	
	1/27/26	196	 $	246.72 
Total: $	22,225.02			
General Fund - Autopay	
1/12/26	
80016-80018	$	238.08			
	2/2/26	80019-80022	 $	2,436.63 
Total: $	2,674.71			
		Total Amount	$	24,899.73			
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/09/26	PAGE	1
*** CHECK DATES 01/06/2026 - 02/07/2026 ***	KNIGHTSBRIDGE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/08/26 00021	1/02/26 F0000001 202601 320-53800-43100	*	2,200.00 PH2 STREETLIGHTS JAN 26
DUKE ENERGY	2,200.00 000192
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/08/26 00010	1/05/26 18850	202601 320-53800-46200	*	13,125.00
LANDSCAPE MAINT JAN 26
FRANK POLLY SOD, INC	13,125.00 000193
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/15/26 00001	1/01/26 70	202601 320-53800-34000	*	1,351.92
FIELD MANAGEMENT JAN 26
1/01/26 71	202601 310-51300-34000	*	3,647.92
MANAGEMENT FEES JAN 26
1/01/26 71	202601 310-51300-35200	*	108.17
WEBSITE ADMIN JAN 26
1/01/26 71	202601 310-51300-35100	*	162.25
INFORMATION TECH JAN 26
1/01/26 71	202601 310-51300-31300	*	429.17
DISSEMINATION SVC JAN 26
1/01/26 71	202601 310-51300-51000	*	.15
OFFICE SUPPLIES
1/01/26 71	202601 310-51300-42000	*	3.72
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,703.30 000194
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/26 00023	1/15/26 233758	202601 320-53800-47000	*	950.00
POND MAINTENANCE JAN 26
APPLIED AQUATIC MANAGEMENT INC	950.00 000195
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/27/26 00008	1/23/26 23MMS072 202601 310-51300-31100	*	246.72
ENGINEERING SVCS JAN 26
MADDEN, MOORHEAD & STOKES LLC	246.72 000196
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	22,225.02

KNIB KNIGHTSBRIDGE	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/09/26	PAGE	2
*** CHECK DATES 01/06/2026 - 02/07/2026 ***	KNIGHTSBRIDGE - GENERAL FUND
BANK Z GENERAL FUND AUTOPAY

47951 WORCHESTER DR DEC25

1600 ODD LOXLEY TR DEC25
189.00

1300 EVEN LOXLEY TR DEC25
29.53

0 S POINCIANA BV JAN 26
1,259.57

1300 EVEN BRENTWOOD JAN26
1,136.02

4700 ODD GOLDEN KN JAN26
29.41

4700 ODD MAPLE CROS JAN26
11.63

TOTAL FOR BANK Z	2,674.71
TOTAL FOR REGISTER	24,899.73

KNIB KNIGHTSBRIDGE	ZYAN

Section 2

Knightsbridge
Community Development District

Unaudited Financial Reporting
December 31, 2025
Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2024	

5	
	Capital Projects Fund	

6-7	
	Month to Month	

8	
	Long Term Debt Schedule	

9	
	Assessment Receipt Schedule	
Knightsbridge
Community Development District Combined Balance Sheet December 31, 2025

	General		Debt Service		Capital Projects		Total		
	Fund		Fund		Fund	Governmental Funds			
Assets:									
Cash:									
Operating Account	$	446,656	$	-	$	-	$	446,656	
Due from Developer	$	-	$	-	$	746	$	746	
Due from General Fund	$	-	$	10,815	$	-	$	10,815	
Investments:									
Series 2024									
Reserve	$	-	$	208,069	$	-	$	208,069	
Revenue	$	-	$	409,487	$	-	$	409,487	
Construction	$	-	$	-	$	8,490	$	8,490	
Cost of Issuance	$	-	$	-	$	106	$	106	
Total Assets	$	446,656	$	628,370	$	9,342	$	1,084,369	
Liabilities:									
Accounts Payable	$	1,059	$	-	$	-	$	1,059	
Due to Debt Service	$	10,815	$	-	$	-	$	10,815	
Total Liabilites	$	11,874	$	-	$	-	$	11,874	

Fund Balance:									
Restricted:									
Debt Service	$	-	$	628,370	$	-	$	628,370	
Capital Projects	$	-	$	-	$	9,342	$	9,342	
Unassigned	$	434,782	$	-	$	-	$	434,782	
Total Fund Balances	$	434,782	$	628,370	$	9,342	$	1,072,495	
									
Total Liabilities & Fund Balance	$	446,656	$	628,370	$	9,342	$	1,084,369	
Knightsbridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues:

Assessments	$	466,207	$	449,136	$	449,136	$	-		
Interest	$	-	$	-	$	1	$		1	
Total Revenues	$	466,207	$	449,136	$	449,137	$	1			

Expenditures:							
General & Administrative:							
Supervisor Fees	$	12,000	$	3,000	$	-	$	3,000			
FICA Expenditures	$	918	$	230	$	-	$	230			
Engineering	$	7,500	$	1,875	$	143	$	1,732			
Attorney	$	15,000	$	3,750	$	31	$	3,720			
Annual Audit	$	3,400	$	-	$	-	$	-			
Assessment Administration	$	5,408	$	5,408	$	5,408	$	-			
Arbitrage	$	450	$	450	$	450	$	-			
Dissemination	$	5,150	$	1,288	$	1,288	$	(0)			
Disclosure Software	$	2,500	$	2,500	$	2,500	$	-			
Trustee Fees	$	4,500	$	2,123	$	2,123	$	-			
Management Fees	$	43,775	$	10,944	$	10,944	$	-			
Information Technology	$	1,947	$	487	$	487	$	(0)			
Website Maintenance	$	1,298	$	324	$	325	$	(0)			
Telephone	$	150	$	38	$	-	$	38			
Postage & Delivery	$	500	$	125	$	78	$	47			
Insurance	$	6,584	$	6,584	$	5,732	$	852			
Copies	$	500	$	125	$	-	$	125			
Legal Advertising	$	6,000	$	1,500	$	-	$	1,500			
Other Current Charges	$	1,350	$	338	$	55	$	283			
Office Supplies	$	250	$	63	$	1	$	62			
Travel Per Diem	$	250	$	63	$	-	$	63			
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-			
Total General & Administrative	$	119,604	$	41,387	$	29,737	$	11,650			
Knightsbridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	10,000	$	10,000	$	2,478	$	7,522	
Field Management	$	16,223	$	4,056	$	4,056	$	(0)	
Landscape Maintenance	$	157,500	$	39,375	$	39,375	$	-	
Landscape Replacement	$	10,000	$	2,500	$	-	$	2,500	
Pond Maintenance	$	11,400	$	2,850	$	2,850	$	-	
Streetlights	$	60,480	$	15,120	$	19,351	$	(4,231)	
Electric	$	5,000	$	1,250	$	108	$	1,142	
Water	$	45,000	$	11,250	$	7,196	$	4,054	
Sidewalk & Asphalt Maintenance	$	10,000	$	2,500	$	-	$	2,500	
Irrigation Repairs	$	6,000	$	1,500	$	-	$	1,500	
General Repairs & Maintenance	$	5,000	$	1,250	$	-	$	1,250	
Stormwater Maintenance	$	5,000	$	1,250	$	-	$	1,250	
Field Contingency	$	5,000	$	1,250	$	-	$	1,250	
Total Operations & Maintenance	$	346,603	$	94,151	$	75,414	$	18,737	
					
Total Expenditures	$	466,207	$	135,538	$	105,151	$	30,387	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	343,987		
					
Fund Balance - Beginning	$	-		$	90,795		
					
Fund Balance - Ending	$	-		$	434,782		
Knightsbridge
Community Development District Debt Service Fund Series 2024
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues:

Assessments - Tax Roll Interest
$	416,137
$	10,099
$	400,901
$	2,525
$	400,901	$
$	3,789	$
- 1,264

Expenditures:

Series 2024 Interest - 12/15 Principal - 6/15 Interest - 6/15

$	159,924
$	95,000
$	159,924

$	159,924
$	-
$	-

$	159,924	$	-
$	-	$	-
$	-	$	-

Knightsbridge
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues:

Interest	

$	

-	$	

-	$	73	

$	73	
Total Revenues	$	-	$	-	$	73	$	73	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	397	

$	(397)	
Total Expenditures	$	-	$	-	$	397	$	(397)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(323)		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	2,047	$	2,047	
Total Other Financing Sources/(Uses)	$	-	$	-	$	2,047	$	2,047	
					
Net Change in Fund Balance	$	-	$	1,723		
					
Fund Balance - Beginning	$	-	$	7,619		
					
Fund Balance - Ending	$	-	$	9,342		
Knightsbridge
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:

Assessments	$	-  $	8,068  $	441,068  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $		

-  $  449,136	
Interest	$	-  $	-  $	1  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	1	
Total Revenues	$	-	$	8,068  $	441,069  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  449,137	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expenditures	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	143	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	143	
Attorney	$	-	$	31	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	31	
Annual Audit	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,408	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,408	
Arbitrage	$	-	$	-	$	450	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	450	
Dissemination	$	429	$	429	$	429	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,288	
Disclosure Software	$	2,500	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,500	
Trustee Fees	$	2,123	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,123	
Management Fees	$	3,648	$	3,648	$	3,648	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	10,944	
Information Technology	$	162	$	162	$	162	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	487	
Website Maintenance	$	108	$	108	$	108	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	325	
Telephone	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	66	$	7	$	4	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	78	
Insurance	$	5,732	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,732	
Printing & Binding	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Other Current Charges	$	1	$	17	$	37	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	55	
Office Supplies	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1	
Travel Per Diem	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	20,353	$	4,402	$	4,983	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	29,737	
Knightsbridge
Community Development District Month to Month

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Pond Maintenance Streetlights
Electric Water
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Stormwater Maintenance
Field Contingency

$	2,478  $
$	1,352  $
$	13,125  $
$	-  $
$	950  $
$	2,200  $
$	66  $
$	4,660  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
1,352  $
13,125  $
-  $
950  $
2,200  $
22  $
1,496  $
-  $
-  $
-  $
-  $
-  $

-  $
1,352  $
13,125  $
-  $
950  $
14,951  $
20  $
1,040  $
-  $
-  $
-  $
-  $
-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	2,478
-  $	4,056
-  $	39,375
-  $	-
-  $	2,850
-  $	19,351
-  $	108
-  $	7,196
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-

Knightsbridge
Community Development District Long Term Debt Report

SERIES 2024, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	4.330%, 5.200%, 5.520% MATURITY DATE:		6/15/2054
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE RESERVE FUND REQUIREMENT		$208,069
RESERVE FUND BALANCE	$208,069

BONDS OUTSTANDING - 4/4/24	$6,175,000
LESS: Principal Payment - 06/15/25	($90,000)	
CURRENT BONDS OUTSTANDING	$6,085,000	
Knightsbridge
Community Development District Special Assessment Receipt Schedule Fiscal Year 2026

Gross Assessment $ 495,963.63	$ 442,699.13	$ 938,662.76	
Net Assessments $ 466,205.81	$ 416,137.18	$ 882,342.99	
ON ROLL ASSESSMENTS
52.84%	47.16%	100.00%
Date	Distribution	Gross Amount	Commissions	Discount/Penalty	Interest	Net Receipts	O&M Portion	2024 Debt	Total	
11/21/25	ACH	$15,581.28	($311.63)	$0.00	$0.00	$15,269.65	$8,068.06	$7,201.59	$15,269.65	
12/12/25	ACH	$828,404.64	($16,568.09)	$0.00	$0.00	$811,836.55	$428,952.14	$382,884.41	$811,836.55	
12/22/25	ACH	$23,398.96	($467.98)	$0.00	$0.00	$22,930.98	$12,116.10	$10,814.88	$22,930.98	
	TOTAL	$	867,384.88	$	(17,347.70)	$	-	$	-	$ 850,037.18	$ 449,136.30	$ 400,900.88	$ 850,037.18	

Section 3
REBATE REPORT
$6,175,000
Knightsbridge Community Development District
(City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)

Dated: April 4, 2024
Delivered: April 4, 2024

Rebate Report to the Computation Date April 4, 2029
Reflecting Activity Through November 30, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition and Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	15	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credit	17	

December 19, 2025

Knightsbridge Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$6,175,000 Knightsbridge Community Development District (City of Kissimmee, Florida),
Special Assessment Bonds, Series 2024 (2024 Project)	

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at the request of Knightsbridge Community Development District (the “District”).

The scope of our engagement consisted of preparing computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the “Code”), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of March 31, 2026. Thank you for this engagement and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the April 4, 2029 Computation Date
Reflecting Activity from April 4, 2024 through November 30, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	5.279238%	140,708.17	(3,162.90)	
Reserve Fund	4.607050%	15,691.93	(3,211.69)	
Capitalized Interest Fund	5.290598%	677.69	(13.45)	
Cost of Issuance Fund	5.229304%	6.31	(0.22)	
Totals	5.205421%	$157,084.10	$(6,388.26)	
Bond Yield	5.372687%			
Rebate Computation Credit	(2,620.82)			
Net Rebatable Arbitrage	$(9,009.08)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the purpose of computing Rebatable Arbitrage, investment activity is reflected from April 4, 2024, the date of the closing, through November 30, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of April 4, 2029.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between April 4, 2024 and November 30, 2025, the District made periodic payments into the Interest, Sinking, and Prepayment Accounts (collectively, the “Debt Service Fund”, that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
April 4, 2029.

Computation Period
The period beginning on April 4, 2024, the date of the closing, and ending on November 30, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the issuer. If no day is selected by the issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price to the public at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and U.S. Bank, Trustee, as follows:

Fund / Account	Account Number	
Revenue	225894000	
Interest	225894001	
Sinking	225894002	
Prepayment	225894003	
Reserve	225894004	
Acquisition and Construction	225894005	
Cost of Issuance	225894006	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of November 30, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to April 4, 2029. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on April 4, 2029, is the Rebatable Arbitrage.
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Delivered: April 4, 2024

Par Amount	$6,175,000.00	
Net Original Issue Discount	-13,264.30	
Total	$6,161,735.70	

Acquisition and Construction Fund	$5,540,856.54	
Reserve Fund	208,068.75	
Capitalized Interest Fund	63,835.41	
Cost of Issuance Fund	225,475.00	
Underwriter’s Discount	123,500.00	
Total	$6,161,735.70	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)

Date	

Debt Service	Present Value to 04/04/2024
@ 5.3726871372%	
06/15/2024	63,835.41	63,171.40	
12/15/2024	161,836.25	155,963.15	
06/15/2025	251,836.25	236,347.90	
12/15/2025	159,923.75	146,161.76	
06/15/2026	254,923.75	226,891.60	
12/15/2026	157,905.00	136,864.66	
06/15/2027	257,905.00	217,692.02	
12/15/2027	155,780.00	128,050.64	
06/15/2028	260,780.00	208,752.48	
12/15/2028	153,548.75	119,699.12	
06/15/2029	263,548.75	200,075.06	
12/15/2029	151,211.25	111,790.11	
06/15/2030	266,211.25	191,660.67	
12/15/2030	148,767.50	104,304.24	
06/15/2031	268,767.50	183,509.26	
12/15/2031	146,217.50	97,222.75	
06/15/2032	271,217.50	175,619.83	
12/15/2032	142,967.50	90,153.06	
06/15/2033	272,967.50	167,626.01	
12/15/2033	139,587.50	83,476.51	
06/15/2034	279,587.50	162,825.66	
12/15/2034	135,947.50	77,101.64	
06/15/2035	280,947.50	155,168.97	
12/15/2035	132,177.50	71,092.62	
06/15/2036	287,177.50	150,419.71	
12/15/2036	128,147.50	65,365.98	
06/15/2037	288,147.50	143,134.33	
12/15/2037	123,987.50	59,978.30	
06/15/2038	293,987.50	138,494.47	
12/15/2038	119,567.50	54,853.46	
06/15/2039	299,567.50	133,835.98	
12/15/2039	114,887.50	49,984.84	
06/15/2040	304,887.50	129,179.15	
12/15/2040	109,947.50	45,365.48	
06/15/2041	309,947.50	124,541.92	
12/15/2041	104,747.50	40,988.16	
06/15/2042	314,747.50	119,940.08	
12/15/2042	99,287.50	36,845.46	
06/15/2043	319,287.50	115,387.45	
12/15/2043	93,567.50	32,929.79	
06/15/2044	323,567.50	110,896.08	
12/15/2044	87,587.50	29,233.49	
06/15/2045	332,587.50	108,101.53	
12/15/2045	80,850.00	25,591.35	
06/15/2046	340,850.00	105,066.39	
12/15/2046	73,700.00	22,123.58	
06/15/2047	348,700.00	101,935.88	
12/15/2047	66,137.50	18,828.26	
06/15/2048	356,137.50	98,734.17	
12/15/2048	58,162.50	15,702.91	
06/15/2049	363,162.50	95,482.85	
12/15/2049	49,775.00	12,744.50	
06/15/2050	374,775.00	93,447.92	
12/15/2050	40,837.50	9,916.20	
06/15/2051	380,837.50	90,056.14	
12/15/2051	31,487.50	7,251.02	
06/15/2052	391,487.50	87,794.27	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)

Date	

Debt Service	Present Value to 04/04/2024
@ 5.3726871372%	
12/15/2052	21,587.50	4,714.52	
06/15/2053	401,587.50	85,408.89	
12/15/2053	11,137.50	2,306.74	
06/15/2054	416,137.50	83,933.31	
	12,641,380.41	6,161,735.70	
	
Proceeds Summary		

Delivery date	04/04/2024	
Par Value	6,175,000.00	
Premium (Discount)	-13,264.30	
Target for yield calculation	6,161,735.70	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
04/04/2024						
06/15/2024			63,835.41	63,835.41	63,835.41	
12/15/2024			161,836.25	161,836.25		
06/15/2025	90,000	4.250%	161,836.25	251,836.25	413,672.50	
12/15/2025			159,923.75	159,923.75		
06/15/2026	95,000	4.250%	159,923.75	254,923.75	414,847.50	
12/15/2026			157,905.00	157,905.00		
06/15/2027	100,000	4.250%	157,905.00	257,905.00	415,810.00	
12/15/2027			155,780.00	155,780.00		
06/15/2028	105,000	4.250%	155,780.00	260,780.00	416,560.00	
12/15/2028			153,548.75	153,548.75		
06/15/2029	110,000	4.250%	153,548.75	263,548.75	417,097.50	
12/15/2029			151,211.25	151,211.25		
06/15/2030	115,000	4.250%	151,211.25	266,211.25	417,422.50	
12/15/2030			148,767.50	148,767.50		
06/15/2031	120,000	4.250%	148,767.50	268,767.50	417,535.00	
12/15/2031			146,217.50	146,217.50		
06/15/2032	125,000	5.200%	146,217.50	271,217.50	417,435.00	
12/15/2032			142,967.50	142,967.50		
06/15/2033	130,000	5.200%	142,967.50	272,967.50	415,935.00	
12/15/2033			139,587.50	139,587.50		
06/15/2034	140,000	5.200%	139,587.50	279,587.50	419,175.00	
12/15/2034			135,947.50	135,947.50		
06/15/2035	145,000	5.200%	135,947.50	280,947.50	416,895.00	
12/15/2035			132,177.50	132,177.50		
06/15/2036	155,000	5.200%	132,177.50	287,177.50	419,355.00	
12/15/2036			128,147.50	128,147.50		
06/15/2037	160,000	5.200%	128,147.50	288,147.50	416,295.00	
12/15/2037			123,987.50	123,987.50		
06/15/2038	170,000	5.200%	123,987.50	293,987.50	417,975.00	
12/15/2038			119,567.50	119,567.50		
06/15/2039	180,000	5.200%	119,567.50	299,567.50	419,135.00	
12/15/2039			114,887.50	114,887.50		
06/15/2040	190,000	5.200%	114,887.50	304,887.50	419,775.00	
12/15/2040			109,947.50	109,947.50		
06/15/2041	200,000	5.200%	109,947.50	309,947.50	419,895.00	
12/15/2041			104,747.50	104,747.50		
06/15/2042	210,000	5.200%	104,747.50	314,747.50	419,495.00	
12/15/2042			99,287.50	99,287.50		
06/15/2043	220,000	5.200%	99,287.50	319,287.50	418,575.00	
12/15/2043			93,567.50	93,567.50		
06/15/2044	230,000	5.200%	93,567.50	323,567.50	417,135.00	
12/15/2044			87,587.50	87,587.50		
06/15/2045	245,000	5.500%	87,587.50	332,587.50	420,175.00	
12/15/2045			80,850.00	80,850.00		
06/15/2046	260,000	5.500%	80,850.00	340,850.00	421,700.00	
12/15/2046			73,700.00	73,700.00		
06/15/2047	275,000	5.500%	73,700.00	348,700.00	422,400.00	
12/15/2047			66,137.50	66,137.50		
06/15/2048	290,000	5.500%	66,137.50	356,137.50	422,275.00	
12/15/2048			58,162.50	58,162.50		
06/15/2049	305,000	5.500%	58,162.50	363,162.50	421,325.00	
12/15/2049			49,775.00	49,775.00		
06/15/2050	325,000	5.500%	49,775.00	374,775.00	424,550.00	
12/15/2050			40,837.50	40,837.50		
06/15/2051	340,000	5.500%	40,837.50	380,837.50	421,675.00	
12/15/2051			31,487.50	31,487.50		
06/15/2052	360,000	5.500%	31,487.50	391,487.50	422,975.00	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
12/15/2052			21,587.50	21,587.50		
06/15/2053	380,000	5.500%	21,587.50	401,587.50	423,175.00	
12/15/2053			11,137.50	11,137.50		
06/15/2054	405,000	5.500%	11,137.50	416,137.50	427,275.00	
	6,175,000		6,466,380.41	12,641,380.41	12,641,380.41	
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Acquisition and Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.372687%)

04/04/24	Beg	Bal	-5,540,856.54	-7,222,770.32	
05/02/24			-805.84	-1,046.13	
06/04/24			-925.34	-1,195.61	
07/02/24			-895.51	-1,152.31	
08/02/24			-924.81	-1,184.76	
08/04/24			-750.42	-961.07	
09/04/24			-924.65	-1,178.99	
09/05/24			1,470.45	1,874.65	
09/05/24			64.00	81.59	
09/05/24			525.00	669.31	
09/26/24			426.54	542.11	
09/26/24			5,663,092.68	7,197,464.86	
10/02/24			-860.72	-1,092.96	
11/04/24			-836.51	-1,057.22	
12/03/24			-777.06	-977.90	
01/03/25			-773.97	-969.72	
02/04/25			-750.43	-935.94	
03/04/25			-677.81	-841.64	
03/12/25			1,276.00	1,582.56	
03/24/25			7,383.28	9,140.93	
04/02/25			-750.42	-927.97	
04/21/25			5,102.56	6,292.20	
05/02/25			-726.22	-894.09	
06/03/25			-750.34	-919.57	
06/12/25			5,163.00	6,319.09	
07/02/25			-726.22	-886.22	
07/15/25			-746.37	-909.07	
08/05/25			-3,818.90	-4,637.68	
08/26/25			-200.00	-242.13	
08/26/25			2,552.00	3,089.58	
08/27/25			336.00	406.72	
08/27/25			410.37	496.74	
08/27/25			3,818.90	4,622.68	
08/27/25			1,276.00	1,544.56	
08/28/25			200.00	242.06	
09/02/25			-749.74	-906.87	
10/02/25			-702.85	-846.41	
11/04/25			-703.38	-843.06	
11/30/25	Bal		8,221.00	9,815.94	
11/30/25	Acc		24.44	29.18	
04/04/29	TOTALS:	140,708.17	-3,162.90		

ISSUE DATE:	04/04/24	
REBATABLE ARBITRAGE:	
-3,162.90			
COMP DATE:	04/04/29	NET INCOME:	140,708.17			
BOND YIELD: 5.372687%	TAX INV YIELD:	5.279238%			
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.372687%)

04/04/24	Beg	Bal	-208,068.75	-271,227.52	
05/02/24			805.84	1,046.13	
06/04/24			924.34	1,194.32	
07/02/24			895.51	1,152.31	
08/02/24			924.81	1,184.76	
09/04/24			924.65	1,178.99	
10/02/24			860.72	1,092.96	
11/04/24			836.51	1,057.22	
12/03/24			777.06	977.90	
01/03/25			773.97	969.72	
02/04/25			750.43	935.94	
03/04/25			677.81	841.64	
04/02/25			750.42	927.97	
05/02/25			726.22	894.09	
06/03/25			750.34	919.57	
07/02/25			726.22	886.22	
08/04/25			750.42	911.45	
09/03/25			749.74	906.74	
10/02/25			702.85	846.41	
11/04/25			703.38	843.06	
11/30/25	Bal		208,068.75	248,435.68	
11/30/25	Acc		680.69	812.75	
04/04/29	TOTALS:	15,691.93	-3,211.69		

ISSUE DATE:	04/04/24	
REBATABLE ARBITRAGE:	
-3,211.69			
COMP DATE:	04/04/29	NET INCOME:	15,691.93			
BOND YIELD: 5.372687%	TAX INV YIELD:	4.607050%			
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Capitalized Interest Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.372687%)

04/04/24	Beg	Bal	-63,835.41	-83,212.50	
05/02/24			247.23	320.95	
06/04/24			283.89	366.81	
06/17/24			63,835.41	82,322.68	
07/02/24			146.55	188.58	
08/02/24			0.02	0.03	
04/04/29	TOTALS:	677.69	-13.45		

ISSUE DATE:	04/04/24	
REBATABLE ARBITRAGE:	
-13.45			
COMP DATE:	04/04/29	NET INCOME:	677.69			
BOND YIELD: 5.372687%	TAX INV YIELD:	5.290598%			
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Cost of Issuance Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.372687%)

04/04/24	Beg	Bal	-225,475.00	-293,917.40	
04/04/24			55,000.00	71,695.12	
04/04/24			49,000.00	63,873.83	
04/04/24			46,500.00	60,614.96	
04/04/24			33,500.00	43,668.85	
04/04/24			25,000.00	32,588.69	
04/04/24			6,000.00	7,821.29	
04/04/24			2,500.00	3,258.87	
04/04/24			1,750.00	2,281.21	
04/08/24			6,125.00	7,979.53	
10/10/24			106.31	134.84	
04/04/29	TOTALS:	6.31	-0.22		

ISSUE DATE:	
04/04/24	
REBATABLE ARBITRAGE:	
-0.22		
COMP DATE:	04/04/29	NET INCOME:	6.31		
BOND YIELD:	5.372687%	TAX INV YIELD:	5.229304%		
$6,175,000
Knightsbridge Community Development District (City of Kissimmee, Florida)
Special Assessment Bonds, Series 2024 (2024 Project)
Rebate Computation Credit

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.372687%)	
04/04/25	-2,120.00	-2,620.82	
04/04/29	TOTALS:	-2,120.00	-2,620.82	

ISSUE DATE:	04/04/24	REBATABLE ARBITRAGE: -2,620.82 COMP DATE:	04/04/29
BOND YIELD: 5.372687%