Northern Riverwalk Community Development District
www.northernriverwalkcdd.com

Nicholas Mastroianni II, Chairman Nicholas Mastroianni III, Vice Chairman Anthony Mastroianni, Assistant Secretary Rich Finley III, Assistant Secretary
Mark Giresi, Assistant Secretary

December 3, 2025

Seat 1: Nicholas Mastroianni II – (C.)		
Seat 2: Nicholas Mastroianni III – (V.C.)		
Seat 5: Anthony Mastroianni – (A.S.)		
Seat 3: Rich Finley III – (A.S.)		
Seat 4: Mark Giresi – (A.S.)		

Northern Riverwalk
Community Development District
Agenda

Wednesday	691 N US Highway 1,
December 3, 2025	Tequesta, FL 33469
11:00 a.m.	Join Zoom Meeting
https://us06web.zoom.us/j/82739808198 Meeting ID: 827 3980 8198 and Passcode: W4UsHx
1-305-224-1968 or 1-301-715-8592

Roll Call

Organizational Matters – Page 4
Acceptance of Resignation – Seat #1
Acknowledge and Formally Accept the Resignation of Nicholas (Nick) Mastroianni II from Seat #1

Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office Seat #1 (Term ending 11/2027)

Oath of Office for Newly Appointed Supervisor

Acceptance of Resignation – Seat #2
Acknowledge and Formally Accept the Resignation of Nicholas (Nick) Mastroianni III from Seat #2

Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office Seat #2 (Term ending 11/2027)

Oath of Office for Newly Appointed Supervisor

Acceptance of Resignation – Seat #5
Acknowledge and Formally Accept the Resignation of Anthony Mastroianni from Seat #5

Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office Seat #5 (Term ending 11/2029)
Oath of Office for Newly Appointed Supervisor
Acceptance of Resignation – Seat #3
Acknowledge and Formally Accept the Resignation of Rich I. Finley, III from Seat #3
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office Seat #3 (Term ending 11/2029)
Oath of Office for Newly Appointed Supervisor

Acceptance of Resignation – Seat #4
Acknowledge and Formally Accept the Resignation of Mark Giresi, from Seat #4

Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office Seat #4 (Term ending 11/2027)

Oath of Office for Newly Appointed Supervisor

Consideration of Engagement Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2025 – Page 5

Approval of the Minutes of the November 5, 2025 Meeting – Page 10

Staff Reports
Attorney

Engineer

Manager

Financial Reports
Acceptance of check Register – Page 17

Acceptance of Unaudited Financials – Page 19
Supervisors Requests and Audience Comments
Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.northernriverwalkcdd.com

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Northern Riverwalk Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Northern Riverwalk Community Development District, 	County, Florida.
Signature 	 Home Address 	

County of Residence: 	 Telephone #: 	 E-mail: 	 Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires Personally known 	 or produced identification 	
Type of identification	

November 13, 2025 Board of Supervisors
Northern Riverwalk Community Development District 5385 N. Nob Hill Road
Sunrise, FL 33351

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide Northern Riverwalk Community Development District, Town of Jupiter, Florida (“the District”) for the fiscal year ended September 30, 2025, with an option for ten (10) additional annual renewals. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Northern Riverwalk Community Development District as of and for the fiscal year ended September 30, 2025, with an option for ten (10) additional annual renewals. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Northern Riverwalk Community Development District	Page 2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Northern Riverwalk Community Development District	Page 3

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

Northern Riverwalk Community Development District	Page 4

IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: GMS-SF LLC - 5385 N Nob Hill Road Sunrise, FL 33351 - TELEPHONE: 954-721-8681 - RECORDREQUEST@GMSSFL.COM

This agreement provides for a contract period of one (1) year with the option of ten (10) additional, one-year renewals upon the written consent of both parties. Our fee for these services will not exceed $3,800 for the September 30, 2025 audit. The fees for the fiscal years 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034 and 2035 will not exceed $3,900, $4,000, $4,100, $4,200, $4,300, $4,400,
$4,500, $4,600, $4,700 and $4,800, respectively, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued.
We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Northern Riverwalk Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.

Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Northern Riverwalk Community Development District.

By: 		
Title:	
Date:	

 	

Northern Riverwalk Community Development District	Page

PA

·�AICPA'

Peer Review Program

Florida Institute of Certified Public Accountants

FICPA Peer Review Program
Administered in Florida
bv The Florida Institute of CPAs

AICPA Peer Review Program
Administered in Florida by the Florida Institute of CPAs

March 17, 2023

Antonio Grau Grau & Associates
951 Yamato Rd Ste 280 Boca Raton, FL 33431-1809

Dear Antonio Grau:

It is my pleasure to notify you that on March 16, 2023, the Florida Peer Review Committee accepted the report on the most recent System Review of your firm. The due date for your next review is December 31, 2025. This is the date by which all review documents should be completed and submitted to the administering entity.
As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the firm.

Thank you for your cooperation. Sincerely,

Peer Review Team
FICPA Peer Review Committee 850.224.2727, x5957
cc: Daniel Hevia, Racquel McIntosh

Firm Number: 900004390114	Review Number: 594791

119 S Monroe Street, Suite 121 I Tallahassee, FL 32301I 850.224.2727, in Florida I www.ficpa.org

MINUTES OF MEETING NORTHERN RIVERWALK
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Northern Riverwalk Community Development District was held on Wednesday, November 5, 2025, at 11:00
a.m. at 691 N. US Highway 1, Tequesta, Florida 33469.

Present and constituting a quorum were:

Nicholas Mastroianni III	Vice Chairman
Anthony Mastroianni	Assistant Secretary
Rich Finley	Assistant Secretary
Mark Giresi	Assistant Secretary

Also present were:

Darrin Mossing	District Manager
William Capko	District Counsel
Nate Eckloff	Piper Sandler & Co. (by phone)
Ryan Thomas	District Engineer (by phone)

FIRST ORDER OF BUSINESS	Oath	of	Office	for	Newly	Elected
Supervisors at the Landowners Meeting – Seat #1, Seat #3 and Seat #5
Mr. Mossing: The first item on the agenda is the oath of office for the newly elected Supervisors, and so we have two Board members that are present, Nicholas and Anthony, if you’ll raise your right hand and swear or affirm that you are resident of the State of Florida and a citizen of the United of States of America, and being a Supervisor of the Northern Riverwalk Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly, and impartially discharge the duties devolving upon me in the office of Supervisor of the Northern Riverwalk Community Development District, Palm Beach County, Florida.
Mr. Finley: I do.

November 5, 2025	Northern Riverwalk CDD

Mr. Anthony Mastroianni: I do, and Nick is not here, so that would be for seats #1, #3 and #5?
Mr. Mossing: Yes, so I’m a notary public for the State of the Florida, so we’ll fill out
the oath after the meeting.

SECOND ORDER OF BUSINESS	Roll Call
Mr. Mossing called the meeting to order and called the roll.

THIRD ORDER OF BUSINESS	Organizational Matters
Consideration of Resolution #2026-01 Canvassing and Certifying Results of the Landowners Election
Mr. Mossing: The next is approval of resolution #2026-01 canvassing and certifying results of the landowners election. If the Board has any questions or comments I can take those, if not, we would ask for a motion to approve that resolution.

On MOTION by Mr. Nicholas Mastroianni III seconded by Mr. Anthony Mastroianni with all in favor, Resolution #2026-01 canvassing and certifying results of the Landowners Election was approved.

Consideration of Resolution #2026-02 Electing Officers
Mr. Mossing: The next resolution is #2026-02 electing the officers. Bill, if you don’t
have any problem, I think we just elect the slate of officers as they are in place now.
Mr. Capko: Sure.
Mr. Mossing: So, if there are no objections I would just ask for a motion to approve that resolution with the existing officers remaining in their same position.

On MOTION by Mr. Mastroianni III seconded by Mr. Finley with all in favor, Resolution #2026-02 electing officers, keeping the existing slate of officers the same as stated on the record was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the
June 20, 2025 Meeting
Mr. Mossing: The next is approval of the minutes of the June 20, 2025 meeting. Those minutes were enclosed in your agenda package. If there are any questions, or comments we can take those, otherwise, we’d ask for a motion to approve.
2

November 5, 2025	Northern Riverwalk CDD

On MOTION by Mr. Finley seconded by Mr. Anthony Mastroianni with all in favor, the Minutes of the June 20, 2025 Meeting were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution
#2026-03 Fiscal Year 2025 Budget Amendment
Mr. Mossing: The next item is consideration of resolution #2026-03 fiscal year 2025 budget amendment. That amendment was enclosed in your agenda package, if the District exceeds their actual expenditures exceeds the total amount of the budget I’m statutorily required to amend the budget 60 days after the end of the fiscal year. If the Board has any questions I can take those, if not, I would ask for a motion to approve that resolution. Looks like the attorney fees were the main culprit.
Mr. Capko: Because we did the petition to establish to change the boundaries of the District, and then most recently with the conveyance coming up, and that would be about a month ago.

On MOTION by Mr. Finley seconded by Mr. Nicholas Mastroianni III with all in favor, Resolution #2026-03 Fiscal year 2025 Budget Amendment was approved.

SIXTH ORDER OF BUSINESS	Audit Selection Committee Meeting
Opening the Audit Selection Committee Meeting
Roll Call
Ranking of Respondents to RFP
Adjournment
Selection of Audit Firms
Mr. Mossing: The next item on the agenda is the audit selection committee meeting, and every 5 years the District is required to rebid their audit services and we’ve gone through that process and now we’re here to approve. This is a separate meeting for the audit committee, and the Board of Supervisors generally sits as the audit committee. We’ll go through the roll call process again then we have ranking of respondents to the RFP. We only received one response from Grau & Associates, and they’re probably the best auditing firm in our industry, so our recommendation is to approve them as your auditor.
Mr. Finley: Do they give you any idea of the cost, I didn’t see it.

3

November 5, 2025	Northern Riverwalk CDD

Mr. Mossing: Yes, $3,800.

On MOTION by Mr. Finley seconded by Mr. Nicholas Mastroianni III with all in favor, ranking of respondents to RFP, ranking Grau & Associates as the #1 ranked audit firm was approved.

Mr. Mossing:	Then I would just ask for a motion to adjourn the audit committee meeting.

On MOTION by Mr. Nicholas Mastroianni III seconded by Mr. Finley with all in favor, the Audit Selection Committee Meeting was adjourned.

SEVENTH ORDER OF BUSINESS    Staff Reports
Mr. Mossing: Next is staff reports, attorney.

Attorney
Mr. Capko: I have nothing to report other than, I think we just received a message from Nick Mastroianni II and I think Anthony has that message about what will be coming up in the next month in regard to the planned conveyance of the property.
Mr. Anthony Mastroianni: And I’ll just read it, he wants to put it on the record that we’re going to be appointing new members to the Board, he’s proposing to hold a simultaneous special meeting in accordance with the closing and the sale of Harborside on or around December 4th, and he would like to set a special meeting for December 4th, and he will have the names later this week or next week.
Mr. Nicholas Mastroianni III:  So, what’s the process by which we would need to
provide or appoint?
Mr. Mossing: What will happen is we’ll have the Board meeting and then each Board member will resign and then the remaining Board will appoint the new Supervisor to fill that term. If the entire board is going to be replaced, we’ll address each supervisor one at a time.
Mr. Anthony Mastroianni: And we haven’t gotten that far in our discussions yet, who
will be staying on and who will be resigning.

4

November 5, 2025	Northern Riverwalk CDD

Mr. Mossing: We want to make sure their oath of office is administered not knowing who they are, we’ll make sure they qualify as Board members.
Mr. Capko: Yes, and we provide a conditional resignation form, a draft so that would work, and that’s usually what would be requested to have something in writing saying that you’re resigning affective when the sale is made.
Mr. Giresi: Can we do that conditional upon it closing or do we have to do it simultaneously with the closing, after, or before?
Mr. Capko: You could submit that before the closing, just say it’s conditional upon
the closing occurring.
Mr. Finley: Ok.
Mr. Capko: The language that I drafted should be pretty clear, and then I think the next Board meeting would have been December 3rd.
Mr. Nicholas Mastroianni III: That’s the next advertised one?
Mr. Capko: Just that would have been the one advertised.
Mr. Anthony Mastroianni: Was there a requirement on the timeframe electing the three seats we just elected 20 minutes ago?
Mr. Mossing: Yes, it’s November, it has to be held in the month of November. Mr. Anthony Mastroianni: Ok, so keep it if for December 3rd, and let’s continue. Mr. Mossing: Ok. Bill, anything further?
Mr. Capko: Just a question really, is with the petition that we drafted for amending the boundaries, I’m guessing that has to be put on hold with the sale and that you wouldn’t want to go ahead and do that, that’s what I was expecting but, nobody has told me for sure.
Mr. Anthony Mastroianni: Yes.
Mr. Giresi: Yes, for the time being, it will be still be contemplated.
Mr. Capko:  Ok, well let’s say the purposer decides they want to do it, we’ll have
everything teed up, so I was correct in stopping work on that.

Engineer
Mr. Mossing: Ok, moving on to District engineer. Mr. Thomas: No report.

5

November 5, 2025	Northern Riverwalk CDD

Manager
Final Approval of the FY2024-FY2025 Report Performance Measures and Standards
Mr. Mossing: Moving on to manager, we have a couple of items here, the first is the final approval of the fiscal year 2024-2025 report performance measures and standards. This is a statutory requirement and we’ve completed that, and met all of those performance measures. So, we would just ask for a motion to accepting the document.

On MOTION by Mr. Nicholas Mastroianni II seconded by Mr. Finley with all in favor, accepting FY2024-FY2025 Report Performance Measures and Standards was approved.

Consideration of FY2025-FY2026 Performance Measures and Standards as Required by Florida Statute 189.0694
Mr. Mossing: Then the next item is basically the same document it’s just the performance measures for fiscal year 2025-2026, so we’d ask for a motion to approve those performance measures.

On MOTION by Mr. Finley seconded by Mr. Anthony Mastroianni with all in favor, accepting FY2025-FY2026 Performance Measures and Standards as required by Florida Statute 189.0694 was approved.

EIGHTH ORDER OF BUSINESS	Financial Reports
Acceptance of Check Register
Acceptance of Unaudited Financials
Mr. Mossing: Under the financial reports, the first item is the acceptance of the check registered and that was enclosed in your agenda package. If the Board has any questions or comments I can take those, and if not, we’d ask for a motion to accept.

On MOTION by Mr. Nicholas Mastroianni III seconded by Mr. Finley with all in favor, the Check Register was approved.

Mr. Mossing: Then the acceptance of the unaudited financials statements that were also enclosed in your agenda package. If the Board has any questions or comments I’d be happy to address those, if not, we’d ask for a motion to accept.

6

November 5, 2025	Northern Riverwalk CDD

On MOTION by Mr. Nicholas Mastroianni III seconded by Mr. Anthony Mastroianni with all in favor, the Unaudited Financials were approved.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Mossing: Are there any Supervisor’s requests or audience comments?

TENTH ORDER OF BUSINESS	Adjournment
Mr. Mossing: Hearing none, we’ll ask for a motion to adjourn.

On MOTION by Mr. Nicholas Mastroianni III seconded by Mr. Anthony Mastroianni with all in favor the meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

7

Northern Riverwalk	
COMMUNITY DEVELOPMENT DISTRICT	

Check Register

10/01/25 - 10/31/25

Date

check #'s

Amount

10/01/25 - 10/31/25	496-499	$21,219.77	

TOTAL	$	21,219.77	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/21/25	PAGE	1
*** CHECK DATES 10/01/2025 - 10/31/2025 ***	NORTHERN RIVERWALK - GF

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
10/10/25 00005	10/01/25 93189	202510 310-51300-54000	*
FLORIDACOMMERCE		175.00	
175.00 000496	
- - - - - - - - 10/10/25 00001	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/15/25 182	202510 310-51300-31400	*
10/01/25 183	202510 310-51300-34000	*	- - - -	- - - - - -

3,333.33	- - - - - - - -	
	OCT 25 - MGMT FEES
10/01/25 183	202510 310-51300-49500	*		100.00		
	OCT 25 - WEBSITE ADMIN
10/01/25 183	202510 310-51300-42000	*		.74		
	OCT 25 - POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES -			8,434.07 000497	
- - - - - - - - 10/10/25 00004	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/02/25 WGC-1654 202509 310-51300-31500	*
LEWIS, LONGMAN & WALKER, PA	- - - -	- - - - - -	- - - - - - - -

12,361.50 000498	
- - - - - - - - 10/28/25 00029	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/25 7351513	202509 310-51300-48000	*
GANNETT FLORIDA LOCALIQ	- - - -	- - - - - -	- - - - - - - -

249.20 000499	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		21,219.77		
	TOTAL FOR REGISTER		21,219.77		

BANK A NORTHER RIVERWALK GF

SPECIAL DISTRICT FEE FY26

FY26 ASSESSMENT ROLL CERT

5,000.00

SEP 25 - ATTORNEY FEES

12,361.50

LEGAL - ORDER# 11476714

249.20

NRIV -N RIVERWALK-	ACOOPER

Northern Riverwalk	
Community Development District	

Unaudited Financial Reporting	
October 31, 2025	

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2019

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Northern Riverwalk	
Community Development District	
Combined Balance Sheet	
October 31, 2025	

General	Debt Service	Totals	
Fund	Fund	Governmental Funds	

Series 2019 Refunding Note	
Reserve	
Revenue	

-	
-	

600,095	
1,278,022	

600,095	
1,278,022	

Total Assets	$	248,457	$	1,965,461	$	2,213,918	

Liabilities:	
Accounts Payable	$	9,259	$	-	$	9,259	

Total Liabilites	$	9,259	$	-	$	9,259

Fund Balance:	
Restricted for:	
Debt Service	
Unassigned	

$	-	$

1,965,461	$

1,965,461

Assets:	
Cash:	
Operating Account	

Investments:	
State Board of Administration	

$	14,176	$	-	$	14,176	

234,281	
87,345		
321,626	

239,198	-	239,198

Total Liabilities & Fund Balance	$	248,457	$	1,965,461	$	2,213,918

Total Fund Balances	$	239,198	$	1,965,461	$	2,204,659

Page 1

Northern Riverwalk	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending October 31, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/25	Thru 10/31/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	106,304	
Interest Income	10,500	

$	-	
875	

$	-	
871	

$	-	
(4)	

Total Revenues	$  116,804	$	875	$	871	$	(4)	
Expenditures:					
General & Administrative:					
Engineering	$	5,000	$	417	$	-	$	417	
Attorney	34,000	2,833	8,549	(5,715)	
Annual Audit	4,600	383	-	383	
Assessment Administration	7,780	7,630	7,630	-	
Trustee Fees	4,717	393	-	393	
Management Fees	40,000	3,333	3,333	0	
Website Maintenance	1,200	100	100	-	
Telephone	50	4	-	4	
Postage & Delivery	350	29	1	28	
Insurance General Liability	8,879	7,895	7,895	-	
Printing & Binding	700	58	-	58	
Legal Advertising	2,000	167	711	(544)	
Other Current Charges	460	38	148	(110)	
Office Supplies	150	13	-	13	
Dues, Licenses & Subscriptions	175	15	175	(160)	
Capital Outlay	250	21	-	21	
Total General & Administrative	$  110,311	$	23,329	$	28,542	$	(5,212)	
Operations & Maintenance

Field Expenditures		
Drainage System R&R	$	2,000	
Contingencies	4,493	

$	167	
374	

$	-	
-	

$	167	
374	

Subtotal Field Expenditures	$	6,493	$	541	$	-	$	541	

Total Operations & Maintenance	$	6,493	$	541	$	-	$	541	

Total Expenditures	$  116,804	$	23,870	$	28,542	$	(4,671)	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	(22,995)	$	(27,671)	$	(4,675)	

Net Change in Fund Balance	$	-	$  (22,995)	$  (27,671)	$	(4,675)	
	
Fund Balance - Beginning	$	-		$	266,868		
	
Fund Balance - Ending	$	-		$	239,198		

Page 2

Northern Riverwalk	
Community Development District	
Debt Service Fund Series 2019 Refunding Note	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending October 31, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/25	Thru 10/31/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$  1,542,900	
Interest Income - Stateboard	5,000	
Interest Income	25,000	

$	-	
417	
2,083	

$	-	
317	
6,321	

$	-	
(100)	
5,905	

Total Revenues	$ 1,572,900	$	2,500	$	6,638	$	5,805	
Expenditures:		
Interest Expense - 11/1	$	419,021	$	419,021	$	-	$	419,021	
Principal Expense - 11/1	704,859	704,859	-	704,859	
Interest Expense - 5/1	404,924	404,924		404,924	
Total Expenditures	$ 1,528,803	$	1,528,803	$	-	$ 1,528,803	

Excess (Deficiency) of Revenues over Expenditures	$	44,097	$	(1,526,303)	$	6,638	$  1,534,608	

Net Change in Fund Balance	$	44,097	$  (1,526,303)	$	6,638	$ 1,534,608	
		
Fund Balance - Beginning	$  1,281,246	$  1,958,823	
		
Fund Balance - Ending	$  1,325,343	$  1,965,461	

Page 3

Northern Riverwalk	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Interest Income	871	-	-	-	-	-	-	-	-	-	-	-	871	

Total Revenues	$	871	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	871	

Expenditures:														
General & Administrative:														
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Attorney	8,549	-	-	-	-	-	-	-	-	-	-	-	8,549	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	7,630	-	-	-	-	-	-	-	-	-	-	-	7,630	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	3,333	-	-	-	-	-	-	-	-	-	-	-	3,333	
Website Maintenance	100	-	-	-	-	-	-	-	-	-	-	-	100	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	1	-	-	-	-	-	-	-	-	-	-	-	1	
Insurance General Liability	7,895	-	-	-	-	-	-	-	-	-	-	-	7,895	
Printing & Binding	-	-	-	-	-	-	-	-	-	-	-	-	-	
Legal Advertising	711	-	-	-	-	-	-	-	-	-	-	-	711	
Other Current Charges	148	-	-	-	-	-	-	-	-	-	-	-	148	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Capital Outlay	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total General & Administrative	$  28,542	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  28,542	
Operations & Maintenance														

Field Expenditures		
Drainage System R&R	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Contingencies	-	-	-	-	-	-	-	-	-	-	-	-	-	

Subtotal Field Expenditures	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Operations & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Expenditures	$  28,542	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  28,542	

Excess (Deficiency) of Revenues over Expe	$  (27,671)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  (27,671)	

Net Change in Fund Balance	$ (27,671)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ (27,671)	

Page 4

Northern Riverwalk	
Community Development District	
Long Term Debt Report	

	

Series 2019 Refunding Note	
Original Issue Amount:	$21,784,430.60

Interest Rate:	4.00%	
Maturity Date:	11/1/2039

Reserve Fund Definition	50% of Maximum Annual Debt Service
Reserve Fund Requirement	$600,095
Reserve Fund Balance	$600,095

Original Bond issuance: 10/10/2019	$21,784,430.60
Less: Principal Payment - 11/1/21	($196,254.80)
Less: Principal Payment - 11/1/22	($204,105.10)
Less: Principal Payment - 11/1/23	($212,269.60)
Less: Principal Payment - 11/1/24	($220,760.20)	
Current Bonds Outstanding	$20,951,040.90	

Page 5

Northern Riverwalk
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Palm Beach County Fiscal Year 2026

	Gross Assessments	$	113,089.36	$	1,641,382.97	$	1,754,472.33	
	Net Assessments	$	106,304.00	$	1,542,899.99	$	1,649,203.99	
ON ROLL ASSESSMENTS	
allocation in %	
6.45%	
93.55%	
100.00%	

Date	
Gross Amount	Discoumt/
Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2019 NOTE
Debt Service	
Total	

$	-	
$	-	
$	-	
$	-	
-	-	-	-	
TOTAL	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

0.00%
$ 1,754,472.33

Percent Collected Balance Remaining to Collect

Page 6