Hearing to determine legality of bonds and assessments for Waterlin Stewardship District.

NOTICE AND ORDER TO SHOW CAUSE IN THE CIRCUIT COURT OF THE NINTH JUDICIAL CIRCUIT OF THE STATE OF FLORIDA, IN AND FOR OSCEOLA COUNTY, FLORIDA GENERAL CIVIL DIVISION CASE NO: 2025-CA-003376-OC WATERLIN STEWARDSHIP DISTRICT, a local unit of special-purpose government organized and existing under the laws of the State of Florida, Plaintiff, v. THE STATE OF FLORIDA, AND THE TAXPAYERS, PROPERTY OWNERS AND CITIZENS OF WATERLIN STEWARDSHIP DISTRICT, INCLUDING NON-RESIDENTS OWNING PROPERTY OR SUBJECT TO TAXATION THEREIN, AND OTHERS HAVING OR CLAIMING ANY RIGHTS, TITLE OR INTEREST IN PROPERTY TO BE AFFECTED BY THE ISSUANCE OF THE BONDS AND LEVY OF ASSESSMENTS HEREIN DESCRIBED, OR TO BE AFFECTED IN ANY WAY THEREBY, Defendants. TO THE STATE OF FLORIDA, AND THE TAXPAYERS, PROPERTY OWNERS AND CITIZENS OF WATERLIN STEWARDSHIP DISTRICT, INCLUDING NON-RESIDENTS OWNING PROPERTY OR SUBJECT TO TAXATION THEREIN, AND OTHERS HAVING OR CLAIMING ANY RIGHTS, TITLE OR INTEREST IN PROPERTY TO BE AFFECTED BY THE ISSUANCE OF THE BONDS AND LEVY OF ASSESSMENTS HEREIN DESCRIBED, OR TO BE AFFECTED IN ANY WAY THEREBY: The above cause comes to be heard upon the Complaint filed herein by the Waterlin Stewardship District (District) in the County of Osceola, State of Florida, seeking to determine the authority of said District to issue its Waterlin Stewardship District Capital Improvement Revenue Bonds, (the Bonds) in an aggregate amount not to exceed $5,280,410,000, to determine the legality of the proceedings had and taken in connection therewith, and the legality of the provisions, covenants and agreements therein contained, and seeking a judgment of this Court that (a) the District has been validly established and has the power to issue the Bonds and all series thereof and to incur the bonded debt as set forth in the Complaint, and to secure the Bonds with special assessments (Special Assessments or Assessments) ; (b) the proceedings essential to the Bonds and all series thereof when issued pursuant thereto, the Trust Estate, including, without limitation, the Special Assessments pledged for the payment of the principal thereof, redemption premium, if any, and interest thereon, and the Bond Resolution are valid and in conformity with law; (c) upon due issuance of the Bonds in conformance with the Bond Resolution and the Indenture, the Bonds will constitute legal, valid and binding obligations of the District and will be enforceable by their terms as established by the Bond Resolution and the Indenture; and (d) the District has the power to plan, finance, construct and/or acquire the Capital Improvement Program; (e) the Capital Improvement Program serves a valid public purpose; (f) the Trustee appointed by the District is an acceptable trustee to the Court but that the District shall have the authority to replace such Trustee with another financial institution with similar qualifications; and (g) this Court grant such other relief as is just and appropriate. The aforesaid Complaint having been presented to this Court, and this Court being fully advised in the premises: NOW, THEREFORE, IT IS ORDERED that all taxpayers, property owners and citizens of the District, including non-residents owning property or subject to taxation, and others having or claiming any rights, title or interest in property to be affected by the issuance of the Bonds and Levy of Special Assessments or to be affected in anyway thereby, and the State of Florida, through the State Attorney of the Ninth Judicial Circuit, in and for Osceola County, Florida, appear on the 4 th day of March 2026, at the hour of 2:45 p.m. of said day, before the Honorable Christine E. Arendas, in Courtroom 4A at the Osceola County Courthouse, 2 Courthouse Square, Kissimmee, Florida 34741 OR via CISCO WEBEX LINK: parties and public may access the hearing via their computer at the following link: https://ninthcircuit.webex.com/meet/div20. This hearing shall be conducted by video conference, and show cause, if any there be, why the prayers of said Complaint for the validation of the Bonds should not be granted and the Bonds and the proceedings therefore, and other matters set forth in said Complaint, should not be validated as prayed for in said Complaint. IT IS FURTHER ORDERED that prior to the date set for the hearing on said Complaint for validation, the Plaintiff, on behalf of the Clerk of this Court, shall cause a copy of this Notice and Order to be published in a newspaper published and of general circulation in Osceola County, being the County wherein said Complaint for validation is filed, at least once each week for two (2) consecutive weeks, commencing with the first publication which shall not be less than twenty (20) days prior to the date set for said hearing. IT IS FURTHER ORDERED that by such publication of this Notice and Order, the State of Florida, and the several taxpayers, property owners and citizens of the District, including non-residents owning property or subject to taxation therein, and others having or claiming any rights, title or interest in property to be affected by the issuance of the Bonds and the levy of Special Assessments or to be affected in anyway thereby, shall be and are made party defendants to this proceeding, and that this Court shall have jurisdiction of them to the same extent as if specifically and personally named as defendants in said Complaint and personally served with process in this cause. DONE AND ORDERED in Kissimmee, Osceola County, Florida, this 14 day of January 2026. The Honorable Christine E. Arendas Circuit Court Judge A COPY OF THIS ORDER IS BEING SERVED ON THE FOLLOWING PARTIES VIA THE E-FILING PORTAL: Alyssa C. Willson alyssa.willson@kutakrock.com Michelle K. Rigoni michelle.rigoni@kutakrock.com Kamilah L. Perry kperry@sao9.org 19408 2/04/2026 & 2/11/2026