FL Certificate of Authorization No. 7538 8935 NW 35 Lane, Suite 101
Doral, Florida 33172
Tel. (305) 640-1345
E-Mail: Alvarez@Alvarezeng.com

June 24, 2025

Attention:
District Manager Gloria Perez (gperez@sdsinc.org) Century Park South Community Development District Special District Services, Inc.
The Oaks Center, 2501A Burns Road Palm Beach Gardens, FL 33410

Re:

Century Park South Community Development District. Yearly District Engineer’s Report for Fiscal Year 2025-2026
Pursuant to Section 9.21(b) of the Master Trust Indenture as it relates to Special Assessment Bonds, Series 2020.

Dear District Manager,

This statement is being made pursuant to Section 9.21(b) of the Master Trust Indenture between Century Park South Community Development District (the “District” or “CDD”) and U.S.

National Bank Association as trustee dated February	2020, as it relates to the Special

1st,

Assessment Bonds, Series 2020, (the “CDD Project”). With this statement we are setting forth (i) our findings as to whether such portions of the CDD Project still owned by the District have been maintained in good repair, working order and condition, (ii) our recommendations as to the proper maintenance, repair, and operation of such portions of the CDD Project during the ensuing Fiscal Year 2025-2026, and an estimate of the amount of money necessary for such purpose, and
(iii) the insurance carried by the CDD and whether the district has budgeted sufficient funds for policy renewal.

(i)

District Property and Condition. As of the date of this statement, the land tracts shown in Exhibit 2 attached to this statement, together with the completed public infrastructure within the tracts, including roadways and stormwater drainage, have been completed and conveyed to the District for ownership and maintenance. Such land tracts and infrastructure are in good repair, working order and condition, except for missing thermoplastic pavement markings along District roadways and missing street signs at SW 157th Ct and SW 136th Ter.

(ii)

Operations and Maintenance of District Property. We think that for Fiscal Year 2025-2026, the District proposed amounts for field operations are adequate to properly maintain, repair and operate the public infrastructure for which the District is currently responsible. (Refer to Financials – Century Parc Community Development District for the FY 2025-2026 Proposed Budget).

We recommend that the District creates a sinking fund to finance the future capital expense at the end of the service life of the pavements within the District roadways. The table below provides an estimate of the replacement costs at the end of the pavement service life and the estimated annual contributions over the remaining service life to fund the future expense.

Page 1 of 5

Century Park South CDD 2025 Report
June 24, 2025

We recommend that the District considers creating a 5-year cyclical program for servicing the inlets, manholes, pipes, and French drains of the stormwater drainage system. The program consists of servicing 20% of the system every year so that at the end of the fifth year, 100% of the system will be serviced. The tables below show the estimated amount that would need to be budgeted yearly to service the approximately 50 drainage structures and 4920 Linear Feet of pipes in the District. It is also estimated that 2 baffles will need to be replaced yearly. The program may be financed yearly or in one lump sum when needed, or at any other period combination, at the discretion of the Board of Supervisors.

(1) Includes the cost of vacuuming the sump of the drainage structure and the cost of removing and reinstalling the baffle if the
baffle is in good condition.

(2) Includes the cost of pressure spraying and videoing the pipes and of dewatering with plugs at the end of the pipes when the
pipes are submerged.

Alvarez Engineers, Inc.
FL Certificate of Authorization No. 7538 8935 NW 35 Lane, Suite 101, Doral, FL 33172
Telephone (305) 640-1345 Email: Alvarez@Alvarezeng.com

Page 2 of 5

5-YEAR CYCLE ESTIMATE OF YEARLY COSTS FOR SERVICING THE STORMWATER DRAINAGE

Total No. Structures in CDD

Total LF
Pipes

No. Structures with Pipes Serviced per Year

Avg. Cost/EA Structure. Assume 2.5% Annual Inflation Rate (1)

Avg. Cost/LF Pipe. Assume 2.5% Inflation
Rate (2)

Total Budget Amount Per Year

Year 1
(2025)

Year 2
(2026)

Year 3
(2027)

Year 4
(2028)

Year 5
(2029)

50

4920

10

$230.00

$6.75

$9,000

10

$236.00

$6.92

$9,200

10

$242.00

$7.09

$9,400

10

$248.00

$7.27

$9,700

10

$254.00

$7.45

$9,900

ESTIMATE OF COSTS FOR RESURFACING ROADS IN "n" YEARS

Analysis and Annuity Recommendation

Pavement Service Life (30 Years Estimated)

Present Year

Remaining Service Life (Yrs)

Present Year Cost (PC) of Pavement Replacement (Mill and Resurface 3/4" Thick)

Future Replacement Cost @ End of Service Life* For 2.5% Inflation Rate (r)

Annual Interest Rate

Annuity to Finance (FC) in
(n) Years given (i)

From

To

(n)

Quantity (SY)

Unit Cost ($/SY)

(PC)

FC= (PC)(1+r/100)^n

(i)

FCi/((1+i)^n-1)

PAVEMENTS

2024

2054

2025

29

6,710

$10.00

$67,101

$137,316

0.25%

$4,571

PAVEMENT MARKINGS AND SIGNING

2024

2034

2025

9

6,710

$2.50

$16,775

$20,950

0.25%

$2,305

Century Park South CDD 2025 Report
June 24, 2025

(1) The estimate assumes that 25% of the 101 baffles in the District will need replacement in the next five years.

(iii) Insurance. The District carries general liability, hired non-owned auto, employment practices liability and public officials’ liability insurance under Agreement No. 100124449 with Florida Insurance Alliance, and has budgeted sufficient funds for policy renewal.

If you have any questions, or require additional information, please do not hesitate to contact us at 305-640-1345 or at Alvarez@Alvarezeng.com.

Sincerely,

Alvarez Engineers, Inc.

This item has been digitally signed and sealed by
Juan R. Alvarez, PE on June 24, 2025.

Juan R Alvarez

Digitally signed by Juan R Alvarez
Date: 2025.06.24 17:28:27
-04'00'

Printed copies of this document are not
considered signed and sealed and the signature must be verified on any electronic copies.

Juan R. Alvarez, PE District Engineer Date: June 24, 2025

Alvarez Engineers, Inc.
FL Certificate of Authorization No. 7538 8935 NW 35 Lane, Suite 101, Doral, FL 33172
Telephone (305) 640-1345 Email: Alvarez@Alvarezeng.com

Page 3 of 5

5-YEAR CYCLE ESTIMATE OF YEARLY COSTS FOR BAFFLE REPLACEMENTS

Estimated Number of Baffles to be Replaced
(1)

No. Structures with Pipes Serviced per Year

Estimated Cost Per Baffle For 2.5% Inflation Rate

Total Budget Amount Per Year

Year 1
(FY 25-26)

Year 2
(FY 26-27)

Year 3
(FY 27-28)

Year 4
(FY 28-29)

Year 5
(FY 29-30)

10

2

$600

$1,200

2

$615

$1,300

2

$630

$1,300

2

$646

$1,300

2

$662

$1,400

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WEST PARCEL

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