3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817
Phone: 407-723-5900	Fax: 407-723-5901
https://universityparkrd.com/

The meeting of the Finance Committee of the University Park Recreation District will be held on Wednesday, July 15 at 3:00 pm at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201 and or virtually.

Meeting ID: 873 3546 9545 Passcode: 899142
Join meeting via Zoom:

https://us02web.zoom.us/j/87335469545?pwd=dliIn6jiOFztxyJcXZcr5u3bnX53sX.1

---

One tap mobile
+13052241968,,87335469545#,,,,*899142# US
+13017158592,,87335469545#,,,,*899142# US (Washington DC)

Join instructions https://us02web.zoom.us/meetings/87335469545/invitations?signature=vFCdECGv7xZGs33nCbieXLKqp  YKTOQu0uqwq3PakjJE 

Finance Committee Meeting Agenda

Organizational Matters
Call to Order
Roll Call to Conﬁrm Quorum
Public Comment Period
Administrative Matters
Approval of Meeting Minutes
May 20, 2026 Meeting Minutes
June 17, 2026 Workshop Minutes
Review of Committee Terms
Staff Matters
Review of June Financial Summaries and Membership Report
Status Update on Departmental Reserve Review Efforts

Business Matters
Status of Capital Approval Process
Presenter: Dick Crouch
Review of Progress on Cost of Ownership Project
Presenter: Tony Crisafio
Progress update on cost categorization and ownership analysis

Review Status of Line of Credit Proposal
Presenter: Craig Dwight
Status update regarding RFPs and timing

Capital Raising Activities
Presenter: Committee Discussion
Review of previously identified capital income initiatives
Discussion regarding reassignment of responsibilities and future work plan

Review of Specific Capital Projects Contemplated during 26’-27’ Fiscal Years
Presenter: Committee Discussion & Curtis Nickerson
Boardwalk
Audio/Visual System
Fitness Center

Next Meeting Scheduled
Date	Meeting Type	Time	Location	Note	
August 19, 2026	Finance Committee Meeting	3:00 pm	Business Offices	In person or by Zoom	

Finance Committee Member Requests & Comments

Public Comments

Adjournment

Cost of Ownership Project

	Cost of Ownership of Home in University Park in Comparision to Other Communities	
	University
Park	
Laurel Oaks	
Waterlefe	Country
Club East	LWR
Country Club	University
Place	
Waterside	

Number of Transactions within Range	
51	
22	
20	
68	
65	
13	
65	
Average Square Footage	2,570	3,368	2,713	2,668	2,764	2,267	2,536	
Smallest Sq footage	1,735	2,110	1,481	1,603	1,730	1,459	1,764	
Largest Square Footage	4,227	5,460	3,478	3,883	4,701	2,639	4,413	
Average Sales Price	$	938,000	$ 1,351,000	$	848,000	$ 1,115,000	$ 1,008,000	$	592,000	$ 1,156,000	
Lowest Sales Price	$	489,000	$	800,000	$	400,000	$	515,000	$	520,000	$	415,000	$	560,000	
Highest Sales Price	$ 1,900,000	$ 2,075,000	$ 1,250,000	$ 1,890,000	$ 1,906,000	$ 1,800,000	$ 2,083,000	
Average Sales Price Per Square Foot	$	360	$	402	$	304	$	411	$	354	$	265	$	442	
Lowest sales price per sq foot	$	236	$	262	$	170	$	259	$	226	$	183	$	311	
Highest sales price per sq foot	$	614	$	571	$	365	$	628	$	576	$	316	$	610	
Calculated taxes based upon sales price	$	13,615	$	15,497	$	12,013	$	15,794	$	14,277	$	8,928	$	12,893	
Calculated CDD and Non Advalorum	$	1,595	$	995	$	4,586	$	3,194	$	4,210	$	3,273	$	2,652	
Calculated Average HOA based								
upon Public information available	 $	8,525   $	5,466   $	5,256   $	5,410   $	3,023   $	1,571   $	4,702 	
Total Estimated and Calculated Costs		
exclusive of memberships	 $	23,735   $	21,958   $	21,855   $	24,398   $	21,510   $	13,772   $	20,247 	

HOA Inclusions - obtained from public available information and the most difficult to provide comparable information	
Landscaping	yes	yes		yes	yes		
Irrigation - Reclaimed Water		yes		yes	yes	yes	
Xfinity - variety of levels of service	yes		yes		yes		
Pool	yes				yes		
Trash		yes					

Memberships											
Type of Club	Semi	Private	Equity		Semi Private		Private				
Golf Holes		27		36	18	available		72			
Tennis Courts		11		12	no			20	yes		
Pickleball Courts	yes			10	no	yes		12			
Dog Park			yes							yes	
Fitness Center	yes		yes		yes	yes	yes		yes	yes	
Club House	yes		yes		yes	yes				yes	
Playground			yes		yes				yes	yes	
Pool			yes		yes	yes			yes	yes	
Social Membership Costs											
Annual	$	1,550					
Initiation	$	2,500	$	7,500			$	6,000	
Gated Community						
Gated	yes	yes	yes	yes	yes	yes	
Guard	yes	yes	yes	yes		
Size	
Homes	1,200	400	600	2,100	400	
Members	1,300	950	300	5,300		

The memo emntitled "Cost of Home Ownership in University Park" should be read inconjunction with this schedule. The information used to compile this summary was obtained from publicly available information included in various real estate sites, such as MLS, Zillow, Realtor.com and the Manatee and Sarasota County Web sites. There was no independent verification conducted of the information for accuracy and/or completeness. In addition, assumptions were made to make the information comparable in some cases, that may or may be accurate, if additional information were obtained. Also, certain assumptions were made to facilitate various calculations, as identified below, that may or may not be reflective of the actual amounts – such as real estate tax estimates and Ad Valorum Assessments. As a result, the information included on this schedule should not be relied upon for any financial decisions or other reasons and is presented for information only.

Infromation prepared during the second quarter of 2026

Cost of Home Ownership in University Park
OVERVIEW
The project entailed calculating the estimated cost of ownership of an average home in University Park in comparison to an average home in several other communities in the area. It was a project conducted by the Finance Committee of the University Park Recreation District and for the use of the Finance Committee.
The communities that University Park was compared to are as follows:

a.	University Park		
b.	Laurel Oaks		
c.	Lakewood Ranch	- Club East	
d.		- LWR Country Club	
e.	Waterside		
f.	Waterlefe		
g.	University Place		
The information used to compile this summary was obtained from publicly available information included in various real estate sites, such as MLS, Zillow, Realtor.com and the Manatee and Sarasota County Web sites. There was no independent verification conducted of the information for accuracy and/or completeness. In addition, assumptions were made to make the information comparable in some cases, that may or may be accurate, if additional information were obtained. Also, certain assumptions were made to facilitate various calculations, as identified below, that may or may not be reflective of the actual amounts – such as real estate tax estimates and Ad Valorum Assessments. As a result, the information included on the schedule entitled “Cost of Ownership of Home in University Park in Comparison to Other Communities” should not be relied upon for any financial decisions or other reasons and is presented for information only.
FIVE DATA CATEGORIES WERE USED FOR THE ANALYSIS
The first part of the analysis was to obtain substantially all closed real estate transactions for the year ended December 31, 2025, in the six communities. There are approximately 300 closed transactions included in the analysis. Substantially all information was obtained during the second quarter of 2026. This information, with the help of local real estate agents, was obtained from the MLS and was obtained by zip code and subdivision indication in some cases. For each community in the group, the transactions were summarized to include,
Number of transactions
Average square footage of homes sold and the range of square footage from smallest to largest.
Average sales price of homes sold and the range of sales price from lowest to highest.

Average sales price per square foot and the range of sales price per square foot from lowest to highest.
Once the groups were compiled, many of the outlier home sales were eliminated from the analysis. For example, in one community four homes were sold with sales per square foot of between approximately $600 and $900, when the average sales price per square foot of the remaining homes in the sample was approximately $400. In some instances, available information was incomplete and appeared inaccurate, relative to the other transactions in the group and were eliminated – for example some homes had no Non-Ad Valorum Assessments when most of the other homes in the group did and the county tax records had no Non-Ad Valorum Assessments indicated for the home and they were eliminated from the analysis.
The second part of the analysis was to calculate the estimated real estate, CDD and Non-Ad Valorem Assessments of the properties. The Manatee and Sarasota County web sites were visited to obtain the millage rate for the communities in the sample and the composition of the Non-Ad Valorum Assessments to obtain those taxes levied on lot size and unit size. For each home in the sample the estimated future real estate taxes and Non-Ad Valorum taxes were calculated. No consideration was given to the homestead exemption that may be carried over to the property sold. Lot size was not easily obtainable, so square footage of the property was used as a proxy to calculate the Non-Ad Valorum Assessments. In addition, there was no adjustment to sales price to compute Assessed Value that was used in some instances, to calculate the real estate tax assessment.
Also included in the second phase of the project was an attempt to determine the nature of the expenditure for which the Non-Ad Valorem Assessments were assessed. These charges were typically identified as CDD and Steward District charges. Several community association managers were phoned in an attempt to determine the nature of the expenditures CDD and Non-Ad Valorem Assessments without success.
The third part of the analysis was to determine the types of amenities available to homeowners in the communities in the sample. For example, there were the communities gated, with and without guards, number of holes of golf available, tennis and pickleball courts, fitness and club house, and dog parks. This information was obtained from the MLS or Realtor.com listings of the individual homes included in the analysis and the respective websites for the communities. Several community association managers were phoned in an attempt to further refine the nature of the amenities included without success.
The fourth part of the analysis was to obtain, as best as could be determined, the HOA inclusions of benefits. For example, some communities included trash collection in the HOA dues, other landscaping and Xfinity, although the level of Xfinity packages varied. University Park had hurricane cleanup in the HOA fees and some communities within University Park have community pool costs included in the community portion of the HOA dues. The HOA dues were obtained from the MLS listing information. To the extent it could be independently verified it was, but this

information was not readily available. Some communities were split with half of the homes having HOA fees and the other half not having fees. In this instance the average HOA dues for those that did have indicated HOA dues was utilized as an estimate for those homes in the analysis that did not have HOA dues indicated. Several association managers were phoned to determine the nature of the amenities included, without success. For example, the Xfinity package included in the HOA fees at University Park costs approximately $1,300 annually because of the comprehensiveness of the package. Many of the communities in the analysis appear to provide minimal to no internet services included in the HOA dues. Some communities appear to include trash collection in the HOA dues while others do not.
The fifth and final part of the analysis was to obtain the minimum membership cost in the community, for example initiation fees, social membership fees, fitness center or other amenities. This information was the most difficult to obtain as it was generally not included in the MLS listings and not readily available from the websites of the communities. No consideration was given to elective memberships, such as golf, fitness, tennis, or others.
CONCLUSION
The results of the above analysis are shown on the attached schedule entitled "Cost of Ownership of Home in University Park in Comparison to Other Communities.” The conclusion one could reach is that the cost of ownership of a home in University Park is substantially comparable to those communities to which they were compared.

Line of Credit Proposals

Banking Services – Review and Consideration of Proposals
Tentative Schedule
The District will attempt to adhere to the following schedule:
July 1, 2026, Request for Proposals Issued August 12, 2026, Responses Due (By 2:00 PM ET)
August 19, 2026, Special Meeting – Review of Proposals (Finance Committee)* September 1, 2026, Board meeting – Consideration of Proposals
The District reserves the right to alter these tentative dates, if necessary or desirable.
*The Finance Committee will be evaluating proposals and providing a recommendation to the board

Capital Raising Activities

University Park Country Club Capital Dues Scenarios

Capital Dues		2027		Scenario #1		Scenario #2		Scenario #3		Scenario #4	
												
			Preliminary Budget		Nonresident % Increase to 12%		Nonresident % Increase to 13%		Nonresident % Increase to 14%		Nonresident % Increase to 20%	

Memberships	

Membership	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of				
	Dues	Dues				Dues				Dues				Dues				Dues				
Full Family - Resident	12,425	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	
Full Single - Resident	9,450	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	
Full Family - Nonresident	12,425	10%	73	1,242.50	90,702.50	12%	73	1,491.00	108,843.00	13%	73	1,615.25	117,913.25	14%	73	1,739.50	126,983.50	20%	73	2,485.00	181,405.00	
Full Single - Nonresident	9,450	10%	70	945.00	66,150.00	12%	70	1,134.00	79,380.00	13%	70	1,228.50	85,995.00	14%	70	1,323.00	92,610.00	20%	70	1,890.00	132,300.00	
Full Total					328,238.75				359,609.25				375,294.50				390,979.75				485,091.25	
Racquets Family - Resident	5,355	5%	21	267.75	5,622.75	5%	21	267.75	5,622.75	5%	21	267.75	5,622.75	5%	21	267.75	5,622.75	5%	21	267.75	5,622.75	
Racquets Single - Resident	4,015	5%	36	200.75	7,227.00	5%	36	200.75	7,227.00	5%	36	200.75	7,227.00	5%	36	200.75	7,227.00	5%	36	200.75	7,227.00	
Racquets Family - Nonresident	5,355	10%	15	535.50	8,032.50	12%	15	642.60	9,639.00	13%	15	696.15	10,442.25	14%	15	749.70	11,245.50	20%	15	1,071.00	16,065.00	
Racquets Single - Nonresident	4,015	10%	23	401.50	9,234.50	12%	23	481.80	11,081.40	13%	23	521.95	12,004.85	14%	23	562.10	12,928.30	20%	23	803.00	18,469.00	
Racquets Total					30,116.75				33,570.15				35,296.85				37,023.55				47,383.75	
Social Family - Resident	1,650	5%	459	82.50	37,867.50	5%	459	82.50	37,867.50	5%	459	82.50	37,867.50	5%	459	82.50	37,867.50	5%	459	82.50	37,867.50	
Social Single - Resident	1,275	5%	205	63.75	13,068.75	5%	205	63.75	13,068.75	5%	205	63.75	13,068.75	5%	205	63.75	13,068.75	5%	205	63.75	13,068.75	
Social Family - Nonresident	1,650	10%	51	165.00	8,415.00	12%	51	198.00	10,098.00	13%	51	214.50	10,939.50	14%	51	231.00	11,781.00	20%	51	330.00	16,830.00	
Social Single - Nonresident	1,275	10%	58	127.50	7,395.00	12%	58	153.00	8,874.00	13%	58	165.75	9,613.50	14%	58	178.50	10,353.00	20%	58	255.00	14,790.00	
Social Total					66,746.25				69,908.25				71,489.25				73,070.25				82,556.25	
																						
				Total	425,101.75			Total	463,087.65			Total	482,080.60			Total	501,073.55			Total	615,031.25	
																						
					Increase from Preliminary Budget		37,985.90					56,978.85					75,971.80					189,929.50	
																						
Capital Dues		2027		Scenario #5		Scenario #6		Scenario #7		Scenario #8	
							Nonresident % Increase to 20%		Nonresident % Increase to 20%		Nonresident % Increase to 20%		Nonresident % Increase to 20%	
			Preliminary Budget		Minimum	Yes			Minimum	Yes			Minimum	Yes			Minimum	Yes		
							Amount	$	200			Amount	$	300			Amount	$	400			Amount	$	500		

Memberships	

Membership	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of	

Count	

Rate	

Total	
% of				
	Dues	Dues				Dues				Dues				Dues				Dues				
Full Family - Resident	12,425	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	5%	177	621.25	109,961.25	
Full Single - Resident	9,450	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	472.50	61,425.00	5%	130	500.00	65,000.00	
Full Family - Nonresident	12,425	10%	73	1,242.50	90,702.50	20%	73	2,485.00	181,405.00	20%	73	2,485.00	181,405.00	20%	73	2,485.00	181,405.00	20%	73	2,485.00	181,405.00	
Full Single - Nonresident	9,450	10%	70	945.00	66,150.00	20%	70	1,890.00	132,300.00	20%	70	1,890.00	132,300.00	20%	70	1,890.00	132,300.00	20%	70	1,890.00	132,300.00	
Full Total					328,238.75				485,091.25				485,091.25				485,091.25				488,666.25	
Racquets Family - Resident	5,355	5%	21	267.75	5,622.75	5%	21	267.75	5,622.75	5%	21	300.00	6,300.00	5%	21	400.00	8,400.00	5%	21	500.00	10,500.00	
Racquets Single - Resident	4,015	5%	36	200.75	7,227.00	5%	36	200.75	7,227.00	5%	36	300.00	10,800.00	5%	36	400.00	14,400.00	5%	36	500.00	18,000.00	
Racquets Family - Nonresident	5,355	10%	15	535.50	8,032.50	20%	15	1,071.00	16,065.00	20%	15	1,071.00	16,065.00	20%	15	1,071.00	16,065.00	20%	15	1,071.00	16,065.00	
Racquets Single - Nonresident	4,015	10%	23	401.50	9,234.50	20%	23	803.00	18,469.00	20%	23	803.00	18,469.00	20%	23	803.00	18,469.00	20%	23	803.00	18,469.00	
Racquets Total					30,116.75				47,383.75				51,634.00				57,334.00				63,034.00	
Social Family - Resident	1,650	5%	459	82.50	37,867.50	5%	459	200.00	91,800.00	5%	459	300.00	137,700.00	5%	459	400.00	183,600.00	5%	459	500.00	229,500.00	
Social Single - Resident	1,275	5%	205	63.75	13,068.75	5%	205	200.00	41,000.00	5%	205	300.00	61,500.00	5%	205	400.00	82,000.00	5%	205	500.00	102,500.00	
Social Family - Nonresident	1,650	10%	51	165.00	8,415.00	20%	51	330.00	16,830.00	20%	51	330.00	16,830.00	20%	51	400.00	20,400.00	20%	51	500.00	25,500.00	
Social Single - Nonresident	1,275	10%	58	127.50	7,395.00	20%	58	255.00	14,790.00	20%	58	300.00	17,400.00	20%	58	400.00	23,200.00	20%	58	500.00	29,000.00	
Social Total					66,746.25				164,420.00				233,430.00				309,200.00				386,500.00	
																						
				Total	425,101.75			Total	696,895.00			Total	770,155.25			Total	851,625.25			Total	938,200.25	
																						
					Increase from Preliminary Budget		271,793.25					345,053.50					426,523.50					513,098.50	

7/9/2026

Closing the capital gap									

Current sources:	
2025 Pro Forma		Transfer fee 1/2% <600K,
1%> 600K			Transfer fee flat 1/2%	Transfer fee flat 3/4%	Transfer fee flat 1%	
	Initiation fees		746,000						
									
	10% of outside play		276,000						
									
	Capital dues 5% / 10%		381,000						
		Current sources	1,403,000						
									
Potential new sources:									
	Transfer fees - 2025 sales	1/2% under $600K	16,875						
		1% over $600K	447,250			234,948	352,410	469,880	
									
	Increase Capital Dues	10% all categories; $500 Min. for non-full members	380,000			380,000	380,000	380,000	
									
		New sources	844,125			614,948	732,410	849,880	
									
		Current + New Sources	2,247,125			2,017,948	2,135,410	2,252,880	
									
	Recommend eliminating F&B minimum when implement new charges							
									
						Dec. sales $6.6MM		
	adjustments from last version: dele	ted capital charge per lot				1 sale <$600,000	$375,000	
						5 Sales > $600K totalling $6,225,000	
									
						prior 11 months $40,388,000	
						Total sales 2025 $46,988,000	
									
						8 sales < $600K		
						44 sales >$600K		

Review of Specific Capital Projects Boardwalk

WILLIS SMITH CONSTRUCTION, INC.
Conceptual Cost Estimate	
University Park Country Club – Patio Deck Renovation | 7671 The Park Blvd, University Park, FL 34201	

Architect:	Hoyt Architects – Sarasota, FL (AA0002434)	
Estimate Basis:	Conceptual – Hoyt Architects SD Drawings (A1.01–A7.01)	
Estimate Date:	June 2026	
Estimate Class:	AACE Class 5 Conceptual (±20–25%)	
Prepared By:	Robbie Gronbach | Willis Smith Construction, Inc.	

OPTION COMPARISON – COST SUMMARY	
Item		OPTION 1		OPTION 2	
General Conditions & Mobilization		$	58,975		$	51,250	

Demolition & Tree Removal

$	55,501	$	55,501

Concrete & Masonry (Stem Wall / Footing / SOG)

$	49,071

$	112,302

Structural Framing (Option 1 only)

$	76,100	$	-

Decking Surface (Option 1 only)

$	103,600

$	-

Aluminum Railings

$	68,600	$	68,600

Drainage System (Option 2 only)

$	-	$

27,500

$

87,169

$

33,915

50,873

$

65,377

$

TOTAL ESTIMATED COST	$588,394	$423,942

Site Restoration

$	24,000

$	24,000

Subtotal – Direct Costs Indirect Cost (15%)
Design Contingency (20%)

$	435,847	$	339,153

KEY QUANTITIES (BASIS OF ESTIMATE)		
Existing Deck Area (total)		1,794 SF	Per A1.02 – Deck Plan (Existing)	
Existing Deck – Demolish (all)		1,794 SF	Full demolition both options	
Proposed New Patio Area		2,640 SF	Per A1.04 – Deck Plan (Proposed)	
Trellis / Pergola Coverage		NA	Per A1.04 – NOT INCLUDED in either option	
Perimeter Stem Wall & Footing (proposed)		~308 LF	Estimated from 2,640 SF irregular plan	
Aluminum Railing (new perimeter)		~280 LF	Exposed edges excl. building attachment	
Mature Trees – Remove (red dots A1.03)		7 EA	Mix of slash pine / live oak – large specimens	
Trellis Bearing Height		NA	Per A3.03 Proposed Elevations	
Slab Depth (Option 2)		4" SOG	Per client scope item 7–8	
Interior PT Deck Footings (Option 1)		~12 EA	Est. at 8' grid within 2,640 SF deck area	
EXCLUSIONS – NOT IN THIS ESTIMATE (EITHER OPTION)				
✗ Pergola / Motorized Louvered Trellis System			1,240 SF under trellis per A1.04/A1.05	
✗ Architect / Structural / MEP Engineering Fees			Design, permitting support, CA services	
✗ Manatee County Building & SWFWMD Permit Fees			by Owner	
✗ Owner's Contingency			Recommend 15–20% on top of GC total	
✗ FF&E (furniture, umbrellas, accessories)			Not a construction cost item	
✗ Electrical / Lighting			Future scope – site lighting, outlets, controls	
✗ Landscaping / Irrigation Restoration			Pending design plan	
✗ Underground Utility Conflicts			Unknown at this stage; verify with utility locates	
✗ Arborist Report / Tree Removal Permitting			May be required by Manatee County	

DISCLAIMER: This is a conceptual estimate. Accuracy range is ±20–25%. Costs reflect Florida Gulf Coast (Sarasota/Manatee County) market conditions as of June 2026. Unit costs are order-of-magnitude only; actual bid prices will be determined through the competitive bidding process. All quantities are taken from schematic level drawings by Hoyt Architects and must be verified by the design team prior to bidding. Willis Smith Construction, Inc. assumes no liability for variance between this estimate and final construction cost.

ASSUMPTIONS, BASIS OF ESTIMATE & CLARIFICATIONS
University Park Country Club – Patio Renovation	
#	Category	Note / Basis	
1	Quantity Basis	Existing deck = 1,794 SF (A1.02). Proposed patio = 2,640 SF (A1.04). Full demolition of existing deck assumed in both options. Trellis coverage = 1,234 SF (A1.04) — NOT included in either option.	
2	A1.03 Mark-Up	Red dots = 7 mature trees for removal. Green zones est. 700 SF	
3	Stem Wall & Footing	Perimeter stem wall assumed as 8" split face CMU, with continuous footing at -2'-0" (per A3.03 elevation). Total perimeter estimated at ~280 LF based on 2,640 SF irregular plan shape from A1.04.	
4	Option 1 – PT Framing	Pressure-treated framing assumes 6x6 posts on concrete piers at 8' grid, 3-ply beams, and 2x10 joists at 16" OC. Interior piers estimated at 12 EA. All hardware to be hot-dipped galvanized per Florida Building Code exposure requirements.	
5	Option 1 – Trex Decking	Trex Transcend® or Enhance® series assumed (mid-grade). Final product selection (color, profile) to be confirmed with Architect. Hidden fastener system included. High-end Trex Signature® could add $5–10/SF.	
6	Option 2 – Fill Quantity	Fill volume estimated at ~145 CY based on 2,640 SF footprint x 18" average depth (accounting for existing grade variability). Actual quantity to be confirmed by survey/grading plan. Source to be clean structural fill.	
7	Option 2 – Slab Finish	4" concrete SOG per client scope. Broom finish included. Decorative stamped or stained finish is estimated as an optional upgrade line item (3.11) – TBD with Architect.	
8	Option 2 – Drainage	Concrete slab option requires engineered drainage. Minimum 1/8" per foot slope to area drains specified. SWFWMD may require drainage calculations for impervious surface change. This is a critical coordination item.	
9	Aluminum Railings	42" height required by Florida Building Code for elevated structures. Infill type (stainless steel cable) is included as base, TBD with Architect – this could drive a significant cost range ($80–$180/LF for enhanced infill; eg. glass, composite, etc.). Railing quantity estimated at 280 LF perimeter.	
10	Tree Removal	7 trees per red dot count on A1.03. Large slash pines and live oaks in an active club setting require specialized rigging, lifts, and careful debris management. An arborist report and Manatee County tree removal permit will likely be required. Costs do not include regulatory fees.	
11	Trellis / Pergola	The 1,234 SF motorized aluminum louvered pergola shown on A1.04/A1.05 is EXCLUDED from both options per updated scope. If added in the future, estimate
$65–$85/SF installed for a mid-grade system.	
12	Market Conditions	Florida Gulf Coast (Sarasota/Manatee) construction market as of June 2026. Labor is above national average. Material costs remain elevated. Lead time on aluminu railing systems is 8–12 weeks.	
13	Accuracy & Next Steps	Class 5 estimate accuracy is ±20–25%. To improve accuracy, Willis Smith recommends: (1) Arborist report, (2) Civil survey/grade plan, (3) Structural engineer design for footing/stem wall, (4) Railing system selection with Architect.	

OPTION 1	PRESSURE-TREATED WOOD DECK WITH TREX® COMPOSITE DECKING
University Park Country Club – Patio Renovation	
Prepared by Willis Smith Construction, Inc. | June 2026 | Accuracy ±20–25%	
#	Description	Qty	Unit	Unit Cost	Total	
DIVISION 1 GENERAL CONDITIONS & MOBILIZATION	
1.01	Management and Supervision	17.0	WK	$1,650.00	$28,050	
1.02	General Requirements	17.0	WK	$925.00	$15,725	
1.03	Temporary fencing / site security	1.0	LS	$5,500.00	$5,500	
1.04	Dumpster & debris hauling	4.0	EA	$675.00	$2,700	
1.05	Portable facilities / site setup	1.0	LS	$5,500.00	$5,500	
1.06	Final clean-up & punch list	1.0	LS	$1,500.00	$1,500	
				Division 1 Subtotal	$58,975	
DIVISION 2 DEMOLITION & SITE CLEARING	
2.01	Demolish existing PT wood deck – entire area	1,794.0	SF	$5.00	$8,970	
2.02	Remove existing wood perimeter railings	318.0	LF	$10.00	$3,180	
2.03	Remove existing deck footings / concrete piers	25.0	EA	$250.00	$6,250	
2.04	Mature tree removal – large specimens (7 trees per A1.03)	7.0	EA	$3,750.00	$26,250	
2.05	Tree stump grinding & root clearing	7.0	EA	$525.00	$3,675	
2.06	Understory clearing & grubbing (black zone)	1.0	LS	$1,500.00	$1,500	
2.08	Subgrade rough grading & leveling	2,640.0	SF	$2.15	$5,676	
				Division 2 Subtotal	$55,501	
DIVISION 3 CONCRETE – PERIMETER STEM WALL, FOOTINGS & INTERIOR PIERS	
3.01	Continuous perimeter footing – 18"W x 12"D CIP concrete	17.1	CY	$800.00	$13,689	
3.02	Perimeter stem wall – 8" Split Face CMU, ~24" exposed height	822.4	SF	$35.00	$28,783	
3.03	Interior precast concrete framing piers for PT framing	12.0	EA	$550.00	$6,600	
				Division 3 Subtotal	$49,071	
DIVISION 6 PRESSURE-TREATED WOOD FRAMING	
6.02	PT posts – 6x6 on concrete piers, with hardware	12.0	EA	$300.00	$3,600	
6.03	PT beams – 3-ply 2x10 or 4x10, on post caps	2,640.0	SF	$8.00	$21,120	
6.04	PT joists – 2x10 @ 16" OC with joist hangers	2,640.0	SF	$9.00	$23,760	
6.05	PT blocking, bridging & rim boards	2,640.0	SF	$3.00	$7,920	
6.06	Galvanized hardware, joist hangers, post bases, bolts	1.0	LS	$8,500.00	$8,500	
6.07	Perimeter fascia - built-up composite wrap	280.0	LF	$40.00	$11,200	
				Division 6 Subtotal	$76,100	
DIVISION 6B TREX® COMPOSITE DECKING SYSTEM	
6B.01	Trex Transcend® or Enhance® composite deck boards – material	2,640.0	SF	$20.00	$52,800	
6B.02	Trex installation labor – hidden fastener system	2,640.0	SF	$15.00	$39,600	
6B.03	Trex starter boards, fascia boards & trim	280.0	LF	$40.00	$11,200	
				Division 6B Subtotal	$103,600	
DIVISION 5 ALUMINUM RAILING SYSTEM	
5.01	Aluminum perimeter railing – 42" H per code (supply & install)	280.0	LF	$165.00	$46,200	
5.02	Railing infill – stainless steel cable	280.0	LF	$80.00	$22,400	
5.03	Aluminum gate(s) – entry/exit from patio (NOT INCLUDED)	0.0	EA	$3,500.00	-	
				Division 5 Subtotal	$68,600	
DIVISION 32 SITE IMPROVEMENTS & RESTORATION	
32.01	Landscape restoration – replacement plantings (allowance)	1.0	LS	$15,000.00	$15,000	
32.02	Mulch & groundcover re-establishment	1.0	LS	$4,000.00	$4,000	
32.03	Irrigation adjustments (allowance)	1.0	LS	$5,000.00	$5,000	
				Division 32 Subtotal	$24,000	

SUBTOTAL – DIRECT CONSTRUCTION COSTS	$435,847

OPTION 2	CONCRETE SLAB ON GRADE WITH PERIMETER STEM WALL
University Park Country Club – Patio Renovation	
Prepared by Willis Smith Construction, Inc.| June 2026 | Accuracy ±20–25%	
#	Description	Qty	Unit	Unit Cost (High)	Total (High)	
DIVISION 1 GENERAL CONDITIONS & MOBILIZATION	
1.01	Management and Supervision	14.0	WK	$1,650.00	$23,100	
1.02	General Requirements	14.0	WK	$925.00	$12,950	
1.03	Temporary fencing / site security	1.0	LS	$5,500.00	$5,500	
1.04	Dumpster & debris hauling	4.0	EA	$675.00	$2,700	
1.05	Portable facilities / site setup	1.0	LS	$5,500.00	$5,500	
1.06	Final clean-up & punch list	1.0	LS	$1,500.00	$1,500	
Division 1 Subtotal	$51,250	

DIVISION 2 DEMOLITION & SITE CLEARING	
2.01	Demolish existing PT wood deck – entire area	1,794.0	SF	$5.00	$8,970	
2.02	Remove existing wood perimeter railings	318.0	LF	$10.00	$3,180	
2.03	Remove existing deck footings / concrete piers	25.0	EA	$250.00	$6,250	
2.04	Mature tree removal – large specimens (7 trees per A1.03)	7.0	EA	$3,750.00	$26,250	
2.05	Tree stump grinding & root clearing	7.0	EA	$525.00	$3,675	
2.06	Understory clearing & grubbing (black zone)	1.0	LS	$1,500.00	$1,500	
2.08	Subgrade rough grading & leveling	2,640.0	SF	$2.15	$5,676	
				Division 2 Subtotal	$55,501	
DIVISION 3 CONCRETE – PERIMETER STEM WALL, FILL, COMPACTION & SLAB ON GRADE	
3.01	Continuous perimeter footing – 18"W x 12"D CIP concrete	17.1	CY	$800.00	$13,689	
3.02	Perimeter stem wall – 8" Split Face CMU, ~24" exposed height	822.4	SF	$35.00	$28,783	
3.04	Waterproofing / dampproofing of stem wall	822.4	SF	$11.00	$9,046	
3.05	Clean structural fill – import & spread within stem wall	145.0	CY	$55.00	$7,975	
3.07	Mechanical compaction & density testing	2,640.0	SF	$2.00	$5,280	
3.08	4" concrete slab on grade – 3,000 PSI, 6x6 W2.9/W2.9 WWM	2,640.0	SF	$15.00	$39,600	
3.09	Vapor barrier – 10 mil poly under slab	2,640.0	SF	$1.00	$2,640	
3.10	Concrete finish – broom finish base (incl. in slab unit cost)	1.0	LS	-	-	
3.11	Decorative concrete finish upgrade – stamped or stained (OPTION NOT INCLUDED)	2,640.0	SF	-	-	
3.12	Concrete curing & sealer	2,640.0	SF	$1.00	$2,640	
3.13	Control joints – saw-cut at 10' grid	530.0	LF	$5.00	$2,650	
				Division 3 Subtotal	$112,302	
DIVISION 5 ALUMINUM RAILING SYSTEM	
5.01	Aluminum perimeter railing – 42" H per code (supply & install)	280.0	LF	$165.00	$46,200	
5.02	Railing infill – glass panels, cable, or aluminum pickets (TBD w/ Architect)	280.0	LF	$80.00	$22,400	
5.03	Aluminum gate(s) – entry/exit from patio	0.0	EA	$3,500.00	-	
				Division 5 Subtotal	$68,600	
	
7.01	Surface drainage – area drains in slab	5.0	EA	$2,500.00	$12,500	
7.02	Subsurface drainage piping to daylight / storm system	1.0	LS	$15,000.00	$15,000	
7.03	Slope & pitch verification (min. 1/8" per ft. on slab, included in slab unit cost)	1.0	LS	-	-	
				Division 7 Subtotal	$27,500	
DIVISION 32 SITE IMPROVEMENTS & RESTORATION	
32.01	Landscape restoration – replacement plantings (allowance)	1.0	LS	$15,000.00	$15,000	
32.02	Mulch & groundcover re-establishment	1.0	LS	$4,000.00	$4,000	
32.03	Irrigation adjustments (allowance)	1.0	LS	$5,000.00	$5,000	
				Division 32 Subtotal	$24,000	

$339,153

SUBTOTAL – DIRECT CONSTRUCTION COSTS

Option 1 (PT Deck + Trex): ~17 weeks total  | Option 2 (Concrete Slab): ~14 weeks total | ⚠ Durations are preliminary estimates; subject to permitting, weather & subcontractor availability

WILLIS SMITH CONSTRUCTION, INC.
Preliminary Construction Schedule – University Park Country Club Patio Renovation

#	Phase	Activity / Description	Wks	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	

OPTIO	N 1	PT DECK WIT	H TREX® COMPOSITE DECKING  Estimated Duration: ~17 Weeks																			
1	Pre-Construction	Permitting, approvals & material procurement	4																		
2	Mobilization	Site setup, temp fencing & staging area	1																		
3	Demolition	Mature tree removal – 7 specimens (rigging required)	2																		
4	Demolition	Demo existing deck, railings & concrete footings	2																		
5	Demolition	Site clearing, grubbing & debris disposal	1																		
6	Concrete	Perimeter footing – excavation, form, pour & cure	2																		
7	Concrete	Perimeter stem wall – forming, pour & cure	2																		
8	Concrete	Interior concrete piers – 35 EA at 8' grid	2																		
9	PT Framing	PT posts, ledger & beam installation	1																		
10	PT Framing	PT joist framing, blocking & bridging	1																		
11	Trex Decking	Trex® composite deck board installation	2																		
12	Aluminum Railings	Perimeter aluminum railing system (supply & install)	2																		
13	Finishes	Perimeter fascia, trim, steps & accessories	1																		
14	Site Work	Landscaping restoration & irrigation adjustments	1																		
15	Closeout	Final inspections, punch list & owner turnover	2																		
ⓘ Key Notes: All durations are preliminary and subject to change pending permit timelines, weather, and subcontractor lead times.	
ESTIMATED TOTAL DURATION							← 17 WEEKS →									

OPTIO N 2  CONCRETE SLAB ON GRADE  Estimated Duration: ~14 Weeks	
1	Pre-Construction	Permitting, approvals & procurement	3																		
2	Mobilization	Site setup, temp fencing & staging area	1																		
3	Demolition	Mature tree removal – 7 specimens (rigging required)	2																		
4	Demolition	Demo existing deck, railings & concrete footings	2																		
5	Demolition	Site clearing, grubbing & debris disposal	1																		
6	Concrete	Perimeter footing – excavation, form, pour & cure	2																		
7	Concrete	Perimeter stem wall – forming, pour & cure	2																		
8	Earthwork	Structural fill import, placement & compaction	2																		
9	Concrete	Drainage, vapor barrier, WWM & slab pour	1																		
10	Concrete	Slab cure – minimum 7 days before loading	1																		
11	Concrete	Decorative finish – stain / stamp / seal (TBD)	1																		
12	Aluminum Railings	Perimeter aluminum railing system (supply & install)	2																		
13	Site Work	Landscaping restoration & irrigation adjustments	1																		
14	Closeout	Final inspections, punch list & owner turnover	2																		

ESTIMATED TOTAL DURATION

ⓘ Key Notes: ⚠Critical path – do not anchor railing until cured	
						← 14 WEEKS →										

SCHEDULE LEGEND

PCN / Closeout

Mobilization / Site

Demolition

Construction

Site Work & LA

⚠ FLORIDA MARKET SCHEDULE NOTES: (1) Manatee County building permit typically 4–8 weeks; tree removal permit adds 2–4 weeks — begin permitting immediately upon project award. (2) Florida rainy season (June–September) can add 10–15% to exterior concrete and framing durations; schedule wet-season pours early morning. (3) Aluminum railing systems typically carry 8–12 week lead time from fabricator — order must be placed concurrent with permit submission. (4) Tree removal by a licensed FL arborist is required; scheduling availability for large-crane rigging in Manatee County can add 1–2 weeks. (5) Concrete cure times are non-negotiable — do not allow construction loading on stem wall or slab before minimum cure per ACI 308.

Review of Specific Capital Projects
Audio/Visual System

Sarasota FL 34240	Date	5/12/2026	
Phone: 941-926-0624 Toll Free: 888-686-0551 Fax: 941-927-6431			
www.focusedtechnology.com	Quote	71525	

Bill To

Ship To

University Park Country Club 7671 The Park Blvd University Park FL 34201

Project Desc.	Terms	FOB	Rep	Valid Thru	
	50% Deposit		PD		
Item
PT-VMZ72U8	Description
Panasonic PT-VMZ72U8 Projector -1920x1200 3LCD, 7,300 lumens, 1.60:1 zoom, 15.2 lbs	Qty
1	Cost
4,699.00	Total
4,699.00T	
EC-HD21-25	HDMI Cable, 4K, 18G - 25FT		1	30.00	30.00T	
SLXD24D+/58-G57	Shure Dual Wireless System with 2 SLXD2+/58 Handheld Transmitters	2	1,649.00	3,298.00T	
SLXD1+=-G57	Shure Wireless Bodypack Transmitter		2	299.00	598.00T	
MX153T/O-TQG	Omnidirectional Earset Headworn Microphone, TQG for Shure Bodypacks, Tan	2	285.00	570.00T	
CUSTOM	Wall Plate 2 x XLR and 3.5 Audio		1	69.00	69.00T	
CUSTOM	Access E Screen Non-Tensioned - 133" Diagonal HDTV (16:9) XT1000E Matt White *Video Masking *Viewing Area:65H x 116W Overall Area: 69H x 120W *** 133 3/4" Long White Case Including Flanges *115 VAC Motor * with built-in LVC-IV *Hook up Left *121225 LVC-S LV-IV CONT STATION	1	3,980.00	3,980.00T	
40938	100ft 3.5mm M/M Stereo Audio Cable		1	39.00	39.00T	
40415	3.5mm Stereo Audio Cable - 25' ft, Male to Male, Black - 40415	1	4.26	4.26T	
VSUP	XLR cables, Adapter cables			200.00	200.00T	
We appreciate the opportunity. Please contact us with any questions.	Subtotal		
			Sales Tax (7.0%)		
			Total		
		Page 1		

Sarasota FL 34240
Phone: 941-926-0624 Toll Free: 888-686-0551 Fax: 941-927-6431
www.focusedtechnology.com	Date Quote	5/12/2026
71525	
Bill To
University Park Country Club 7671 The Park Blvd University Park FL 34201	Ship To		

Project Desc.	Terms	FOB	Rep	Valid Thru	
	50% Deposit		PD		
Item	Description	Qty	Cost	Total	

SHP	Shipping	500.00	500.00T	
INSTALL	Installation Charge - Removal of existing screen. Installation of the above equipment. Testing and Training	7,500.00	7,500.00T	
	
Note: Projector will be on a client provided cart or table approximately 10.5' in front of screen.			
	Note: Computer audio will be via HDMI to the projector. A 3.5 mm audio cable will run from the projector to the wall plate. The 100ft 3.5 audio cable above will carry the audio to the amplifier and then to the room speakers.			

We appreciate the opportunity. Please contact us with any questions.

Subtotal	$21,487.26

Sales Tax (7.0%)	$1,504.11
Total	$22,991.37

Page 2

Review of Specific Capital Projects
Fitness Center