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Home My WebLink AboutOrdinance 24386-09-2020 ORDINANCE NO. 24386-09-2020 AN ORDINANCE OF THE CITY OF FORT WORTH, TEXAS APPROVING A SERVICE AND ASSESSMENT PLAN UPDATE FOR THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16(WALSH RANCH/QUAIL VALLEY); MAKING A FINDING OF SPECIAL BENEFIT TO THE PROPERTY IN IMPROVEMENT AREA #2 OF THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN IMPROVEMENT AREA #2 OF THE DISTRICT; ESTABLISHING A LIEN ON SUCH PROPERTY; APPROVING AN ASSESSMENT ROLL FOR IMPROVEMENT AREA#2 OF THE DISTRICT; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE IMPROVEMENT AREA #2 SPECIAL ASSESSMENTS; PROVIDING FOR PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS; PROVIDING FOR A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE; AND PROVIDING FOR RELATED MATTERS WHEREAS, Chapter 372, Texas Local Government Code (the "Act') authorizes the governing body (the "City Council") of the City of Fort Worth, Texas (the "City"), to create a public improvement district within the corporate limits and extraterritorial jurisdiction of the City; and WHEREAS, on September 20, 2016, the City Council conducted a public hearing to consider a petition received by the City on August 1, 2016 (the "Petition") requesting the creation of the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the "District') to undertake the construction of certain public improvements described in the Petition(the"Authorized Improvements"); and WHEREAS, on September 27, 2016, the City Council approved Resolution No. 4686-09-2016 (the"Authorization Resolution"), authorizing,establishing and creating the District; and WHEREAS,on October 6, 2016(the"Authorization Publication Date"),the City published the Authorization Resolution in the Fort Worth Star-Telegram, a newspaper of general circulation in the City and the boundaries of the District; and WHEREAS, no written protests regarding the creation of the District from any owners of record of property within the District were filed with the City Secretary within 20 days of the Authorization Publication Date; and WHEREAS,a portion of the property within the District,consisting of approximately 25 1.0 l acres ("Improvement Area #1")has been and continues to be developed; and WHEREAS, a portion of property within the District, consisting of approximately 186 acres ("Improvement Area #2")is now being developed;and WHEREAS, on August 18, 2020, the City Council adopted Resolution No. 5263-08-2020 determining the total estimated costs of the Authorized Improvements in Improvement Area #2 of the District, directing the filing of a proposed assessment roll, directing the mailing and publication of notice of a public hearing to be held on September 1, 2020 to consider the levying of the special assessments against the property within Improvement Area#2 of the District,and directing related actions; and 1 WHEREAS,the City Council,pursuant to Resolution No. 5263-08-2020 and Sections 372.016(b) and(c) of the PID Act, published notice on August 21, 2020 in the Fort Worth Star-Telegram of a public hearing to be held on September 1, 2020 to consider the proposed special assessments to be levied against property located in Improvement Area#2 of the District and mailed copies of such notice to the last known address of the owners of the property liable for the special assessments;and WHEREAS,the City Council convened the public hearing at the City Council meeting beginning at 7:00 p.m. on September 1,2020, at which all persons who appeared,or requested to appear,were given the opportunity to contend for or to contest the update to the District Service and Assessment Plan attached hereto as EXHIBIT A(the"Service and Assessment Plan Update"),the Improvement Area#2 Assessment Roll in the form attached as APPENDIXA-2 to the Service and Assessment Plan Update(the"Improvement Area#2 Assessment Roll"),and the proposed Improvement Area#2 Assessments(as defined in the Service and Assessment Plan Update)to be levied against the property in Improvement Area#2 of the District,and to offer testimony pertinent to any issue presented on the amount of the Improvement Area#2 Assessments, the apportionment of the costs of the Authorized Improvements that benefit Improvement Area #2 and which are to be funded by the Assessments levied in Improvement Area #2 of the District (the "Improvement Area#2 Funded Improvements"),the purpose of the Improvement Area#2 Assessments, the special benefits accruing to the property within Improvement Area #2 of the District due to the Improvement Area#2 Funded Improvements, and the penalties and interest of annual installments and on delinquent annual installments of the Improvement Area#2 Assessments; and WHEREAS, the City Council finds and determines that the Improvement Area#2 Assessment Roll and the Service and Assessment Plan Update each should be approved and that the Improvement Area #2 Assessments should be levied against the property in Improvement Area#2 as provided in this Ordinance and the Service and Assessment Plan Update and Improvement Area#2 Assessment Roll;and WHEREAS, the Improvement Area #2 Assessment Roll and the Service and Assessment Plan Update are incorporated herein for all purposes,and WHEREAS, the City Council further finds that there were no written objections or evidence submitted to the City Secretary in opposition to the Service and Assessment Plan Update,the apportionment of the costs of the Improvement Area #2 Funded Improvements, the Improvement Area #2 Assessment Roll,or the levy of the Improvement Area#2 Assessments; and WHEREAS, prior to the issuance of bonds secured by the Improvement Area#2 Assessments, Quail Valley Devco II, L.L.C., a Texas limited liability company ("Quail Valley"), and Walsh Ranches Limited Partnership,a Texas limited partnership("Walsh Ranches"and,collectively with the Quail Valley, the(the"Majority Landowners") the owners of the majority of the privately-owned and taxable property located within the District,including a majority of the privately-owned and taxable property located within Improvement Area#2 of the District, will have executed and presented to the City staff for approval and acceptance a landowner agreement(the "Majority Landowner Agreement") in the form and substance acceptable to the City, in which the Majority Landowners acknowledge and accept the Service and Assessment Plan Update,approve the Improvement Area#2 Assessment Roll,acknowledge and accept this Ordinance and acknowledge and accept the levy of the Improvement Area #2 Assessments against their property located within the District,and agree to pay the Improvement Area#2 Assessments when due and payable;and WHEREAS,the City Council closed the public hearing, and after considering all comments and all written and documentary evidence presented at the hearing, including all written comments and statements filed with the City, determined to proceed with the adoption of this Ordinance in conformity with the requirements of the Act;and 2 WHEREAS, the apportionment of the cost of the Improvement Area #2 Funded Improvements and the corresponding Annual Installments pursuant to the Service and Assessment Plan Update is fair and reasonable, reflects an accurate presentation of the special benefit each property will receive from the administrative services and construction of the Improvement Area#2 Funded Improvements identified in the Service and Assessment Plan Update,and is hereby approved; and WHEREAS, the Service and Assessment Plan Update covers a period of at least five years and defines the annual indebtedness and projected costs for the Improvement Area#2 Funded Improvements and Administrative Expenses associated with Improvement Area#2;and WHEREAS, the Service and Assessment Plan Update apportions the cost of the Improvement Area#2 Funded Improvement and Administrative Expenses to be assessed against property in Improvement Area#2 of the District and such apportionment is made on the basis of special benefits accruing to the property because of the Improvement Area#2 Funded Improvements and the corresponding Administrative Expenses; and WHEREAS,all of the real property in the District that is being assessed in the amounts shown in the Improvement Area#2 Assessment Roll will be benefitted by the services and improvements proposed to be provided through the District in the Service and Assessment Plan Update,and each parcel of such real property will receive special benefits in each year equal or greater than each Annual Installment of the Improvement Area#2 Assessments and will receive special benefits during the term of the Improvement Area#2 Assessments equal to or greater than the total amount assessed;and WHEREAS, the method of apportionment of the cost of the Improvement Area #2 Funded Improvements, Administrative Expenses, and Annual Installments associated with the Improvement Area #2 Bonds set forth in the Service and Assessment Plan Update results in imposing equal shares of the costs of the Improvement Area #2 Funded Improvements and corresponding Administrative Expenses on property similarly benefitted, and results in a reasonable classification and formula for apportionment of such costs; WHEREAS, the City Council finds that the Service and Assessment Plan Update should be approved as the service plan and assessment plan for the District as described in Sections 372.013 and 372.014 of the Act;and WHEREAS, the City Council finds that the Improvement Area #2 Assessment Roll should be approved as the assessment roll for Improvement Area#2 of the District; and WHEREAS,the City Council finds that the provisions of the Service and Assessment Plan Update relating to due and delinquency dates for the Assessments and the Annual Installments, interest and penalties on delinquent Assessments and Annual Installments and procedures in connection with the imposition and collection of the Improvement Area No, 2 Assessments should be approved and will expedite collection of such Assessments in a timely manner in order to provide the services and improvements needed and required for the area within the District;and WHEREAS, the Improvement Area No. 2 Assessments herein levied and assessed are made and levied under and by virtue of the terms,powers and provisions of the Act. 3 NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,TEXAS THAT: Section 1. Findings. The findings, determinations and recitations set out in the preambles of this Ordinance are found to be true and correct and they are hereby adopted by the City Council and made a part hereof for all purposes. Section 2.Public Hearing. The action of the City Council holding and closing the public hearing in these proceedings is hereby ratified and confirmed. Section 3.Terms. Terms not otherwise defined herein are defined in the Service and Assessment Plan Update. Section 4.Assessment Plan. The Service and Assessment Plan Update substantially in the form attached to this Ordinance is hereby accepted and approved pursuant to Sections 372.013 and 372.014 of the Act as the service and assessment plan for the District. Section 5.Assessment Roll. The Assessment Roll attached as APPENDIX A-2 to the Service and Assessment Plan Update is hereby approved as the assessment roll for Improvement Area#2 of the District. Section 6.Levy and Payment of Assessments for Costs of Improvement Project. (a) The City Council hereby levies an assessment on each tract of property located within Improvement Area #2 of the District, except for the Non-Benefitted Property, if any, as shown and described on the Service and Assessment Plan Update and the Improvement Area#2 Assessment Roll, in the respective amounts shown on the Improvement Area#2 Assessment Roll. There is further levied and assessed against each tract of property located within Improvement Area#2 of the District, except for the Non-Benefitted Property,if any,having not paid the assessments in full,additional annual assessments for the Administrative Expenses,as described in the Service and Assessment Plan Update,which shall be part of the Improvement Area#2 Assessments and the Annual Installments thereof. The amount of the Annual Installments for the Improvement Area#2 Assessments shall be reviewed and determined annually by the City Council following the City Council's annual review of the Service and Assessment Plan Update for the District. Pursuant to Section 372.015(d), the amount of assessment for each property owner may be adjusted following the annual review of the Service and Assessment Plan Update. (b)The levy of the Improvement Area#2 Assessments shall be effective on the date of adoption of this Ordinance levying assessments and strictly in accordance with the terms of the Service and Assessment Plan Update and the Act. (c) The collection of the Improvement Area#2 Assessments shall be as described in the Service and Assessment Plan Update and the Act. 4 (d)Each Improvement Area#2 Assessment may be paid in a lump sum or may be paid in Annual Installments pursuant to the terms of the Service and Assessment Plan Update. (e) Each Improvement Area#2 Assessment shall bear interest at the rate or rates specified in the Service and Assessment Plan Update. (f)Each Annual Installment of the Improvement Area#2 Assessments shall be collected each year in the manner set forth in the Service and Assessment Plan Update. (g) The Annual Installments of the Improvement Area #2 Assessments for Assessed Properties within Improvement Area#2 shall be calculated pursuant to the terms of the Service and Assessment Plan Update. Section 7.Method of Assessment. The method of apportioning the Actual Costs of the Improvement Area#2 Funded Improvements and the corresponding Administrative Expenses is set forth in the Service and Assessment Plan Update. Section 8.Penalties and Interest on Delinquent Special Assessments. Delinquent Improvement Area #2 Assessments shall be subject to the penalties, interest, procedures, and foreclosure sales set forth in the Service and Assessment Plan Update and as allowed by law and such enforcement. The Improvement Area#2 Assessments shall have lien priority as specified in the Act and the Service and Assessment Plan Update. Section 9.Prepayments of Assessments. As provided in subsection 372.018(f) of the Act and Section WE of the Service and Assessment Plan Update,the owner(the "Owner")of any Assessed Property in Improvement Area#2 may prepay the Improvement Area#2 Assessments levied by this Ordinance. Section 10. Lien Property. (a)The City Council and each of the landowners in the Improvement Area#2 of the District intend for the obligations, covenants and burdens on such landowners of the Assessed Property in Improvement Area#2,including without limitation such landowner's obligations related to payment of the Improvement Area#2 Assessments and the Annual Installments thereof,to constitute a covenant running with the land. The Improvement Area#2 Assessments and the Annual Installments thereof levied hereby shall be binding upon the landowner, the Owners, and their respective transferees, legal representatives, heirs, devisees, successors and assigns in the same manner and for the same period as such parties would be personally liable for the payment of ad valorem taxes under applicable law. Improvement Area#2 Assessments and the Annual Installments thereof shall have lien priority as specified in the Service and Assessment Plan Update and the Act. (b) The Improvement Area #2 Assessments and Annual Installments levied and assessed against the property within Improvement Area#2 of the District as provided in this Ordinance and the Service and Assessment Plan Update,together with reasonable attorney's fees and costs of collection, if incurred, are hereby declared to be and are made a lien upon each tract of property within the District against which the same are levied and assessed, and a personal liability and charge against the real and true owners of such lot, including the successors and assigns, whether such owners be named herein or not,and said liens shall be and constitute the first enforceable lien and claim against the lot on which such assessments are levied, 5 and shall be a first and paramount lien thereon, superior to all other liens and claims except state, county, school district and municipal ad valorem taxes. The City Council hereby authorizes enforcement of such lien in the manner set forth herein and in the Act. Section 11. Appointment of Administrator and Collector of Assessments. (a) MuniCap, Inc., of Columbia, Maryland, is hereby appointed and designated as the initial administrator of the Service and Assessment Plan Update and of Improvement Area#2 Assessments levied by this Ordinance(the"Administrator").The Administrator shall perform the duties of the Administrator described in the Service and Assessment Plan Update and in this Ordinance. The City has entered into a PID Administration Services Agreement with MuniCap, Inc. The Administrator's fees, charges and expenses for providing such service shall be part of the Annual Installments of the Improvement Area#2 Assessments, as further described in the Service and Assessment Plan Update. The City may appoint and designate another administrator at any time. (b) The Chief Financial Officer/ Director of Financial Management Services of the City or his designee is hereby appointed as the temporary collector of the Special Assessments, The Chief Financial Officer/ Director of Financial Management Services or designee shall serve in such capacity until such time as the City shall arrange for the collection duties to be performed by the Tarrant or Parker County Tax Assessors or any other qualified collection agent selected by the City. Section 12.Applicability of Tax Code. To the extent not inconsistent with this Ordinance, and not inconsistent with the Act or the other laws of the State of Texas governing public improvement districts,the provisions of the Texas Tax Code governing enforcement of ad valorem tax liens(other than with respect to property subject to agriculture use valuation, including redemption rights following a tax sale) shall be applicable to the imposition and collection of the Improvement Area#2 Assessments by the City, and the Texas Tax Code shall otherwise be applicable to the extent provided by the Act. Section 13. Severability. If any provision of this Ordinance or the application of any provision to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of the Ordinance which can be given effect without the invalid provision or application,and to this end the provisions of this Ordinance are declared to be severable. Section 14.Effective Date. This Ordinance shall take effect,and the levy of the Improvement Area#2,shall become effective from and after its date of passage in accordance with the law. Section 15. Open Meetings. It is hereby officially found and determined that the meeting at which this Ordinance is passed was open to the public as required and that public notice of the time, place, and purpose of said meeting was given as required by the Texas Open Meetings Act. 6 Section 16. Filing in Land Records. The City Secretary is directed to cause a copy of this Ordinance, including the Service and Assessment Plan Update,to be recorded in the real property records of Tarrant County and Parker County, Texas. The City Secretary is further directed to similarly file each Annual Service Plan Update approved by the City Council. AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY: ATTEST: T er Wallach(Sep 2,202014:37 CDT) Senior Assistant City Attorney Mary J. Kayser, City Secretary M&C: 20-0639 Adopted and Effective: September 1, 2020 y OF Fp�T :O EXHIBIT A SERVICE AND ASSESSMENT PLAN UPDATE 8 FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 (WALSH RANCH/QUAIL VALLEY) CITY OF FORT WORTH, TEXAS SERVICE AND ASSESSMENT PLAN May 2, 2017 As updated for Improvement Area #2 on, September 1, 2020 PREPARED BY: MUNICAP, INC. PUBLIC FINANCE FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 (WALSH RANCH/QUAIL VALLEY SERVICE AND ASSESSMENT PLAN-UPDATED FOR IMPROVEMENT AREA#2 TABLE OF CONTENTS I. PLAN DESCRIPTION AND DEFINED TERMS ...........................................................4 A. INTRODUCTION...........................................................................................................................4 II. PROPERTY INCLUDED IN THE PID...................................................................... 12 A. PROPERTY INCLUDED IN THE PID..............................................................................................12 B. PROPERTY LOCATED IN IMPROVEMENT AREA#1 AND IMPROVEMENT AREA#2........................13 C. PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS..........................................................14 III. DESCRIPTION OF THE AUTHORIZED IMPROVEMENTS ........................................ 15 A. AUTHORIZED IMPROVEMENT OVERVIEW..................................................................................15 B. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA#1 FUNDED IMPROVEMENTS.....................15 C. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA#2 FUNDED IMPROVEMENTS.....................17 D. FUTURE IMPROVEMENT AREA IMPROVEMENTS.........................................................................19 IV. ASSESSMENT PLAN............................................................................................20 A. INTRODUCTION..........................................................................................................................20 B. SPECIAL BENEFIT.......................................................................................................................20 C. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA#1 FUNDED IMPROVEMENTS...........21 D. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA#2 FUNDED IMPROVEMENTS...........22 E. ALLOCATION OF ACTUAL COSTS OF FUTURE IMPROVEMENT AREA IMPROVEMENTS................23 F. ASSESSMENT METHODOLOGY....................................................................................................23 G. ASSESSMENT AND ANNUAL INSTALLMENTS................................................................................26 H. ADMINISTRATIVE EXPENSES......................................................................................................26 I. ADDITIONAL INTEREST RATE....................................................................................................27 J. PREPAYMENT RESERVE.............................................................................................................27 K. DELINQUENCY RESERVE............................................................................................................27 V.SERVICE PLAN..........................................................................................................28 A. INTRODUCTION..........................................................................................................................28 VI.TERMS OF THE ASSESSMENTS.................................................................................32 A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA#1...........................................................................................................32 B. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA#2...........................................................................................................32 C. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS.................................................................................................32 D. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA#1 AND IMPROVEMENT AREA#2....................................................................................................32 E. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS.......................................................................................................................................34 F. MANDATORY PREPAYMENT OF ASSESSMENTS...........................................................................34 G. REDUCTION OF ASSESSMENTS....................................................................................................34 H. PAYMENT OF ASSESSMENTS.......................................................................................................35 I. COLLECTION OF ANNUAL INSTALLMENTS.................................................................................36 VII.THE ASSESSMENT ROLL........................................................................................38 A. IMPROVEMENT AREA#1 ASSESSMENT ROLL.............................................................................38 B. IMPROVEMENT AREA#2 ASSESSMENT ROLL.............................................................................38 C. FUTURE IMPROVEMENT AREA ASSESSMENT ROLL....................................................................39 D. ANNUAL ASSESSMENT ROLL UPDATES.......................................................................................39 VIII. MISCELLANEOUS PROVISIONS ...........................................................................40 A. ADMINISTRATIVE REvIEW.........................................................................................................40 B. TERMINATION OF ASSESSMENTS................................................................................................40 C. AMENDMENTS............................................................................................................................40 AMENDMENTS TO THE SERVICE AND ASSESSMENT PLAN MAY BE MADE AS PERMITTED OR REQUIRED BY THE PID ACT AND TEXAS LAW..........................................................40 D. ADMINISTRATION AND INTERPRETATION OF PROVISIONS..........................................................41 E. SEVERABILITY............................................................................................................................41 APPENDIX A-1-IMPROVEMENT AREA#1 ASSESSMENT ROLL APPENDIX A-2-IMPROVEMENT AREA#2 ASSESSMENT ROLL APPENDIX B-LEGAL DESCRIPTION FOR PARCELS IN THE PID L PLAN DESCRIPTION AND DEFINED TERMS A. INTRODUCTION On September 27, 2016, the City Council (the "City Council") of the City of Fort Worth, Texas (the "City") approved Resolution 4686-09-2016, which authorized the creation of the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the "PID") to finance a portion of the Actual Costs of the Authorized Improvements for the benefit of certain property in the PID, all of which is located within the city limits or ETJ of the City. Chapter 372 of the Texas Local Government Code (as amended, the "PID Act"), governs the creation and operation of public improvement districts within the State of Texas. This Service and Assessment Plan (this "SAP")was prepared pursuant to the PID Act. The PID Act requires that a service plan"cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements." The PID Act also requires a service plan "be reviewed and updated annually for the purpose of determining the annual budget for improvements." The service plan for the PID is described in more detail in Section V. It is anticipated that the PID will finance the Actual Costs of only a portion of the Authorized Improvements being constructed for the Property. The Property is expected to be developed in seven phases. For each phase developed, the City will levy and collect Assessments for the benefitted Property pursuant to multiple Assessment Ordinances. The Assessment Rolls for the PID are attached as Appendix A-1 and are addressed in Section VII. The Assessments shown on the Assessment Rolls are based on the method for establishing and levying the Assessments described in Sections IV and VI. Unless otherwise specified, references in this SAP to a "Section," a "Table," or an "Appendix" shall mean a Section of, Table in, or Appendix to this SAP for all purposes. B. Definitions Capitalized terms used herein shall have the meanings ascribed to them as follows: "Actual Costs" means,with respect to,Authorized Improvements, the demonstrated,reasonable, allocable, and allowable costs of constructing such Authorized Improvements. Actual Costs may include (i) the costs incurred for the design, planning, financing, administration/management, acquisition, installation, construction and/or implementation of such Authorized Improvements, (ii) the costs incurred in preparing the construction plans for such Authorized Improvements, (iii) the fees paid for obtaining permits, licenses or other governmental approvals for such Authorized Improvements, (iv) the costs incurred for external professional costs, such as engineering, geotechnical,surveying,land planning,architectural landscapers, appraisals,legal, accounting and similar professional services, taxes (property and franchise) related to the Authorized Improvements, (v) all labor, bonds and materials, including equipment and fixtures, incurred by contractors, builders and materialmen in connection with the acquisition, construction or MuniCap 14 implementation of the Authorized Improvements, and (vi) all related permitting, zoning and authorized approval expenses; architectural, engineering, legal and consulting fees; financing charges; taxes; governmental fees and charges; insurance premiums' and miscellaneous expenses. For the avoidance of doubt, not all the Authorized Improvements and the Actual Costs thereof are being funded through the PID. Only certain Authorized Improvements described herein, and the PID-Funded Actual Costs thereof, as defined below, are being funded through the PID. "Additional Interest" means the 0.50% additional interest charged on Assessments pursuant to Section 372.018 of the PID Act to fund the Prepayment Reserve and the Delinquency Reserve pursuant to Sections IV.G, IV.H and Section IV.I. "Administrative Expenses"means the administrative, organizational,maintenance and operation costs and expenses associated with, or incident to, the administration, organization, maintenance and operation of the PID, including, but not limited to, the costs of(i) legal counsel, engineers, accountants,financial advisors,investment bankers or other consultants and advisors, (ii)creating and organizing the PID and preparing the Assessment Rolls, (iii) computing, levying, collecting and transmitting the Assessments or the Annual Installments thereof, (iv) maintaining the record of Assessments, including payments, reallocations and/or cancellations of the Assessments or Annual Installments thereof,(v)issuing,making debt service payments on, and redeeming the PID Bonds, (vi)investing or depositing the Assessments or other monies, (vii)complying with the PID Act with respect to the PID, (viii) paying the paying agent/registrar's and trustee's fees and expenses (including the fees and expenses of their respective legal counsel) related to the PID Bonds, and (ix) City costs of administering the construction of that portion of the Authorized Improvements to be funded through the PID. Administrative Expenses do not include the amounts for payment of the actual principal of,redemption premium,if any, and interest on the PID Bonds. Annual Administrative Expenses collected and not expended shall be carried forward and applied to reduce Administrative Expenses in subsequent years to avoid over collection. "Administrator"means an officer or employee of the City or third party designee of the City who is not an officer or employee thereof,who shall have the responsibilities provided for herein,in an Indenture relating to the PID Bonds or in any other agreement approved by the City Council relating to the PID. "Annual Installment"means,with respect to the Assessed Property, each annual payment of. (i) the applicable Assessment (including the principal of and interest thereon) as shown on the Assessment Rolls as updated each year by the Annual Service Plan Update in accordance with this SAP and calculated as provided in Section VI, (ii) Administrative Expenses as updated each year by the Annual Service Plan Update, and (iii) the Additional Interest. The Annual Installment is subject to update and adjustment from time to time, including upon the issuance of PID Bonds, if any. "Annual Service Plan Update" is defined in Section V.2. "Assessed Property"or"Assessed Properties"means property within the PID that benefits from the Authorized Improvements and on which Assessments have been levied as shown on the Assessment Rolls and which currently includes all Parcels other than Non-Benefited Property. MuniCap 15 "Assessment"means the assessment levied against a Parcel pursuant to an Assessment Ordinance and the provisions of this SAP, as shown on any Assessment Roll, subject to reallocation upon the subdivision or reduction of such Parcel according to this SAP and the PID Act. The term includes, as applicable, the Improvement Area 91 Assessment, the Improvement Area 92 Assessment, and any assessment levied against a Parcel pursuant to an Assessment Ordinance in a Future Improvement Area. "Assessment Ordinance"means each ordinance adopted by the City Council approving this SAP (or amendments or supplements to the SAP)and levying the Assessments,including,as applicable, the Improvement Area 91 Assessment Ordinance, the Improvement Area 92 Assessment Ordinance, and any assessment ordinance adopted which levies an Assessment on a Future Improvement Area. "Assessment Roll" or "Assessment Rolls" means collectively or separately as applicable, the Improvement Area 91 Assessment Roll and the Improvement Area 92 Assessment Roll included in this SAP as Appendix A-I and Appendix A-2, respectively, as each may be updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance of PID Bonds or in connection with any Annual Service Plan Update. The Term also includes an Assessment Roll for any Future Improvement Area. "Authorized Improvements"means those improvements, including those listed in Section IILA and described in Section IILB,authorized by Section 372.003 of the PID Act,regardless of whether such improvements are funded through the PID. Only a portion of the Authorized Improvements constructed within the PID will be funded through the PID, and such improvements will be acquired, constructed, or installed in accordance with this SAP, and any future updates and/or amendments. "City"means the City of Fort Worth Texas. "City Council"means the duly elected governing body of the City. "County"means either Parker County, Texas or Tarrant County, Texas. "Delinquency Reserve"has the meaning set forth in Section IV.H. "Delinquent Collection Costs"means interest, penalties and expenses incurred or imposed with respect to any delinquent Assessment, or an Annual Installment thereof, in accordance with the PID Act which includes the costs related to pursuing collection of such delinquent Assessment, or an Annual Installment thereof, and the costs related to foreclosing the lien against the Assessed Property, including attorney's fees to the extent permitted by the PID Act. "Developer" means QUAIL VALLEY DEVCO I, LLC, a Texas limited liability company, and QUAIL VALLEY DEVCO II, LLC, a Texas limited liability company, and WALSH RANCHES MuniCap 16 LIMITED PARTNERSHIP, a Texas limited partnership, and their respective successors and assigns . "ETJ"means the extraterritorial jurisdiction of the City. "Future Improvement Areas" means those Future Improvement Areas to be defined and developed after Improvement Area#land Improvement Area 92 within the boundaries of the PID on that portion of the Property shown on Table II-D and described in Appendix B. "Future Improvement Areas Assessed Property" means, for any year, all Parcels within the Future Improvement Areas and listed on the Future Improvement Areas Assessment Roll, other than Non-Benefited Property. "Future Improvement Areas Assessment Roll" means, as applicable, the Future Improvement Areas Assessment Roll as may be updated,modified or amended from time to time in accordance with the procedures set forth in this SAP and in the PID Act, including updates prepared in connection with any future issuance of PID Bonds or in connection with any Annual Service Plan Update. "Future Improvement Area Bonds" means bonds issued to fund Future Improvement Area Improvements (or a portion thereof) in a Future Improvement Area that are secured by Assessments levied on Assessed Property within such Future Improvement Area. In connection with Future Improvement Area Bonds, Assessments related to such Future Improvement Area Bonds will be levied only on property located within the applicable Future Improvement Area to finance Public Improvements which will only benefit such Future Improvement Area "Future Improvement Areas Improvements" means those Authorized Improvements which confer a special benefit on Future Improvement Areas and the costs of which are to be PID-Funded Actual Costs. "Improvement Area #V means that portion of the Property shown on Table II-B, described in Appendix B. "Improvement Area#1 Assessed Property"means,for any year,all Parcels within Improvement Area 91 and listed on the Improvement Area 91 Assessment Roll, other than Non-Benefited Property. "Improvement Area#1 Assessment"means the Assessment levied pursuant to the Improvement Area 91 Assessment Ordinance on the Improvement Area 91 Assessed Property. "Improvement Area #1 Assessment Ordinance" means Assessment Ordinance No. 22706-05- 2017, adopted by the City Council on May 2, 2017, which levied the Improvement Area 91 Assessment. "Improvement Area#1 Assessment Roll"means the Assessment Roll included as Appendix A- 1. MuniCap 17 "Improvement Area#1 Funded Improvements"means those Authorized Improvements which confer a special benefit on Improvement Area 91 and the costs of which are to be PID-Funded Actual Costs. "Improvement Area #1 Reimbursement Agreement" means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, effective May 2, 2017,by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area 91 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area 91 Funded Improvements,with interest, as permitted by the PID Act. "Improvement Area #2" means that portion of the Property shown on Table II-B, described in Appendix B. "Improvement Area#2 Assessed Property"means,for any year,all Parcels within Improvement Area 92 and listed on the Improvement Area 92 Assessment Roll, other than Non-Benefited Property. "Improvement Area#2 Assessment"means the Assessment levied pursuant to the Improvement Area 92 Assessment Ordinance on the Improvement Area 92 Assessed Property. "Improvement Area #2 Assessment Ordinance" means Assessment Ordinance No. , adopted by the City Council on September 1, 2020, which levied the Improvement Area 92 Assessment. "Improvement Area#2 Assessment Roll"means the Assessment Roll included as Appendix A- 2. "Improvement Area#2 Funded Improvements" means those Authorized Improvements which confer a special benefit on Improvement Area 42 and the costs of which are to be PID-Funded Actual Costs. "Improvement Area #2 Reimbursement Agreement" means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, effective September 1 2020, by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area 92 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area 92 Funded Improvements,with interest, as permitted by the PID Act. "Indenture"means an indenture of trust,trust agreement, ordinance or similar document between the City and the Trustee, authorizing the issuance of, and setting forth the terms and other provisions relating to the collection of annual installments, any PID Bonds as modified, amended, and/or supplemented from time to time. MuniCap 18 "Lot"means (i) for any portion of the Property for which a subdivision plat has been recorded in the official public records of a County, a tract of land described by "Lot" and "Block" in such subdivision plat, and(ii) for any portion of the Property for which a subdivision plat has not been recorded in the official public records of a County, a tract of land anticipated to be described by "Lot" and 'Block" in a final recorded subdivision plat. "Lot Type" means a classification of final building Lots with similar characteristics (e.g., commercial, light industrial, multifamily residential, single family residential or other uses), as determined by the Administrator and confirmed by the City Council. Single family residential Lots shall be further classified based on the front footage of the Lot as determined by the Administrator and confirmed by the City Council. Improvement Area 91 has lot types classified as 35 ft, 50 ft, 60 ft, 70 ft, and 100 ft front footage lots. Improvement Area 92 will have six lot types classified as Townhome, Garden Home, and 35 ft, 50 ft, 60 ft, and 70ft front footage lots. "Mandatory Prepayment" shall have the meaning set forth in Section VLC. "Maximum Assessment per Unit" means, for each Lot Type within an Improvement Area, the Assessment per unit amounts shown in Section IVY (Tables IV-C and IV-D) of the SAP for Improvement Area 91 and the Assessment per unit amounts shown in Section IVY (Tables IV-E and Table IV-F) of the SAP for Improvement Area 92. "Non-Benefited Property" means Parcels that accrue no special benefit from the Authorized Improvements being funded through the PID,including Public Property and easements that create an exclusive use for a public utility provider. Property identified as Non-Benefited Property at the time the Assessments (i) are imposed or (ii) are reallocated pursuant to a subdivision of a Parcel, is not assessed. Assessed Property converted to Non-Benefited Property, if the Assessments may not be reallocated pursuant to the provisions herein, remains subject to the Assessments and requires the Assessments to be prepaid as provided for in Section VLC. "Notice of PID Assessment Termination" is defined in Section VI.F. "Parcel" means property within the PID that is identified by (1) a tax map identification number assigned by the Parker County Appraisal District or the Tarrant Appraisal District, as the case may be, for real property tax purposes, (2) a metes and bounds, (3) lot and block number in a final subdivision plat recorded in the official public records of a County, or (4) any other means determined by the City Council. "PID"is defined in Section I.A.2. "PID Act"means Chapter 372 of the Texas Local Government Code, as amended. "PID Bonds" mean bonds which may be issued by the City from time to time to finance the acquisition of a portion of the Authorized Improvements. MuniCap 19 "PID-Funded Actual Costs" means the Actual Costs to be paid through the PID of a specified portion of the Authorized Improvements, as described in Section IILB.2 and as shown on Table III-A. PID-Funded Actual Costs includes all payments for Administrative Expenses. "PID Reimbursement Agreement"means collectively or as applicable, the following: a. the Master Reimbursement Agreement, effective as of July 17, 2017 entered into by and between the City and the Developer, pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements and the City agrees to reimburse the Developer for the PID-Funded Actual Costs related to a portion of the Authorized Improvements,with interest, as permitted by the PID Act; b. the Improvement Area#1 Reimbursement Agreement; c. the Improvement Area#2 Reimbursement Agreement; d. any PID Reimbursement Agreement entered into with respect to any Future Improvement Area,by and between the City and the Developer,pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in the applicable Future Improvement Area of the District and the City agrees to reimburse the Developer for the PID-Funded Actual Costs of the corresponding Future Improvement Area Improvements,with interest, as permitted by the PID Act. "Prepayment Costs" mean interest and Administrative Expenses, to the extent not paid in an Annual Installment, plus any additional amounts due pursuant to the Indenture related to the PID Bonds, if any, reasonably expected to be incurred by or imposed upon the City as a result of any prepayment of an Assessment and the PID Bonds secured by such Assessment,each to the date of prepayment and to the extent each is allowable by law. "Prepayment Reserve"has the meaning set forth in Section IV.I of this SAP. "Property"is defined in Section ILA.. "Public Improvements"mean the Authorized Improvements designed,constructed, and installed in accordance with this SAP for which Assessments are levied against the Assessed Property that receives a special benefit from such improvement. The term includes the Improvement Area #1 Funded Improvements and the Improvement Area#2 Funded Improvements. "Public Property"means real property,right-of-way and easements located within the boundaries of the PID owned by or irrevocably offered for dedication to the federal government, the State of Texas, the County, the City, a school district, a public utility provider or any other political subdivision or public agency,whether in fee simple, through an easement,prescription, or by plat. "Service and Assessment Plan" or "SAP" is defined in Section I.A.2, including updates, modifications, and amendments approved by the City Council from time to time in accordance with the procedures set forth in this SAP and in the PID Act, including updates prepared in MuniCap 110 connection with the future issuance of PID Bonds, if any, and in connection with any Annual Service Plan Update, and in connection with the approval by the City Council of each Assessment Ordinance. "Trustee" means the trustee as specified in an Indenture, and any successor thereto permitted under such Indenture. (remainder of this page is intentionally left blank) MuniCap Ill H PROPERTYINCL UDED IN THE PID A. PROPERTY INCLUDED IN THE PID The PID is comprised of the Property shown in Table II-A.Legal descriptions for all Parcels within the PID are included in Appendix B. The PID, encompassing approximately 1,703.5682 acres, is located within the corporate limits and ETJ of the City. It is anticipated that the Property will be developed in seven phases containing approximately 3,317 single family homes. Table II-A Public Improvement District Boundaries I Ilj I L &D WHATHERFORD ROA i — OU A PROPERTY ✓ BOUNDARY ("Ciudad fmm PID) it ----- j 7--- F'I WALSH RANCH QUAIL VALLEY �I PUBLIC IMPROVEMENT DISTRICT BOUNDARY I$ I r �o7 A = '•� ''?-Y to 1NTERSTA7�� Y� ��., `— `•� `\ WALSH RANCH QUAIL VALLEY PUBLIC IMPROVEMENT DISTRICT BOUNDARY WALSH RANCH f ` QUAIL VALLEY j •` VICINITY MAP N.T.S. MuniCap 112 B. PROPERTY LOCATED IN IMPROVEMENT AREA#1 AND IMPROVEMENT AREA#2 Improvement Area 91 consists of approximately 251.01 acres consisting of 587 single family residential lots, developed in one phase and which are specially benefitted by the Authorized Improvements described in Section III.B. Improvement Area 92 consists of approximately 185.66 acres and projected to consist of 553 single family residential lots, to be developed in one phase and which will be specially benefitted by the Improvement Area 92 Improvements described in Section IILC. A map of the property within Improvement Area 91 and Improvement Area 92 is shown in Table II-B below. Legal descriptions for all Parcels within the PID are included in Appendix B. Table II-B IA 41 and IA#2 Boundary li i I AISD PROPERTY -- BOUfIIDARY (exclldded from PID) LD yyEgT}IERFOAD ROA �- Improvement Area T71 V -------------- - Improvement !!�II Area t!2 74 1= e INTERSTA F 34 $^.. •.\ ,p WAL5H RANCH QUAIL VALLEY PUBLIC IMPROVEMENT ••\ \ DISTRICT BOUNDARY \ '\ WALSH RANCH '•` QUAIL VALLEY VICINITY MAP N.T.S. MuniCap 113 C. PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS The Future Improvement Areas are depicted on Table II-C below and will include approximately 2,177 single family residential lots As Future Improvement Areas are developed and in connection with the issuance of any Future Improvement Area Bonds, this Service and Assessment Plan will be amended to revise the table shown in Section II.B above(e.g.Table II-B will be revised to show the addition of such Future Improvement Area). A map of the projected property within each Future Improvement Area is shown in Table II-C. The Future Improvement Area is shown for illustrative purposes only and is subject to adjustment in the future. Table II-C Proposed Future Improvement Areas II AISD i PROPERTY BOU , MDARY (excluded from PID) � I LD WEAT HER FO Rfl 11 OA � J 1 I I I Future Improvement Area INTER5TA•�70 __ �,a-�. --------tea \ WAL5H RANCH QUAIL VALLEY PUBLIC IMPROVEMENT '•\ .\ DISTRICT BOUNDARY \ WALSH RANCH ` QUAIL VALLEY VICINITY MAP N.T.S. MuniCap 114 III. DESCRIPTION OF THE A UTHORmED IMPROVEMENTS A. AUTHORIZED IMPROVEMENT OVERVIEW Section 372.003 of the PID Act identifies the authorized improvements that a City may choose to undertake with the establishment of a PID. The Authorized Improvements identified in the PID Act include: (i) landscaping; (ii) erection of fountains, distinctive lighting, and signs; (iii) acquiring, constructing, improving, widening, narrowing, closing, or rerouting of sidewalks or of streets, any other roadways, or their rights-of way; (iv) construction or improvement of pedestrian malls; (v) acquisition and installment of pieces of art; (vi) acquisition, construction or improvement of libraries; (vii) acquisition, construction or improvement of off-street parking facilities; (viii) acquisition, construction, improvement or rerouting of mass transportation facilities; (ix) acquisition, construction or improvement of water, wastewater, or drainage facilities or improvements; (x) the establishment or improvement of parks; (xi) projects similar to those listed in Subdivisions (i)-(x) (xii) acquisition, by purchase or otherwise, of real property in connection with an authorized improvement; (xiii) special supplemental services for improvement and promotion of the district, including services relating to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development recreation and cultural enhancement; (xiv) payment of expenses incurred in the establishment, administration and operation of the district; and (xv) development,rehabilitation, or expansion of affordable housing. The City has determined that of the improvements authorized under the PID Act, it will undertake at this time only those Authorized Improvements more particularly described in Section IILB and Section IILC. Any change to the list of Authorized Improvements, including any Future Improvement Area Improvements as described in Section IILD, will require the approval of the City. B. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA#1 FUNDED IMPROVEMENTS The Improvement Area#1 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area#I and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area 91 Assessments and from the proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all MuniCap 115 Authorized Improvements benefitting Improvement Area 91 are Improvement Area 91 Funded Improvements. The Improvement Area #1 Funded Improvements are described below. Table III-A shows the Actual Costs to construct the Improvement Area#1 Funded Improvements are $29,518,594. The costs shown in Table III-A may be revised in Annual Service Plan Updates. The PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area#1 Assessment in accordance to the Improvement Area #1 Reimbursement Agreement; (ii) the proceeds of PID Bonds, if any, secured by the Improvement Area#1 Assessment,issued in one or more series; and (iii) funds from any other lawfully available and unencumbered source. The Authorized Improvements being constructed in Improvement Area #1 and the Actual Costs thereof are described below. The Improvement Area #1 Funded Improvements and the PID- Funded Actual Costs thereof are described below and are also shown on Table III-A below. Earthwork& Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area#1. The storm drain improvements will be constructed according to City standards, determined in the City's sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area #1. The water improvements will be constructed according to City standards, determined in the City's sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes,service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area 91. The wastewater improvements will be constructed according to the City standards, determined in the City's sole discretion. MuniCap 116 Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals and traffic control devices for Improvement Area 91. The road improvements will be constructed according to City standards, determined in the City's sole discretion. Open Space and Trail Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area 91. The open space and trail system improvements will be constructed according to City standards, determined in the City's sole discretion. Table III-A Improvement Area 41 Costs Actual Costs Actual Costs Reimbursed by Funded by Authorized Improvements Actual Costs Assessments' Developer Authorized Improvements Bonds&Mobilization $233,175 $0 $233,175 Earthwork&Erosion Control Improvements $3,772,522 $0 $3,772,522 Storm Drainage Improvements $2,157,384 $0 $2,157,384 Water Improvements $2,862,099 $0 $2,862,099 Wastewater Improvements $3,249,108 $0 $3,249,108 Roadway Improvements2 $5,725,852 $5,712,973 $12,879 Open Space& Trail Improvements $3,301,388 $637,027 $2,664,361 Project Contingency $0 $0 $0 Engineering $3,004,337 $0 $3,004,337 City Inspection and Fees $1,320,095 $0 $1,320,095 Professional Fees $214,393 $0 $214,393 Construction Fees $1,636,939 $0 $1,636,939 Total Authorized Improvements $27,477,293 $6,350,000 $21,127,293 Note: Costs provided by Huitt-Zollars Engineering. The figures shown in Table III-A may be revised in Annual Service Plan Updates and such revisions shall not increase the principal amount of the Improvement Area #1 Assessments. 'Represent the PID-Funded Actual Costs of the Improvement Area#1 Funded Improvements. 2 The Improvement Area#1 Funded Improvements include a portion of the Roadway Improvements. C. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA#2 FUNDED IMPROVEMENTS The Improvement Area 92 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area 92 and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area 92 Assessment and from the proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all Authorized Improvements benefitting Improvement Area 92 are Improvement Area 92 Funded Improvements. MuniCap 117 The Improvement Area 92 Funded Improvements are described below. Table III-B on the following page shows the Actual Costs to construct the Improvement Area 92 Funded Improvements are$27,333,342,including the PID-Funded Actual Costs of the Improvement Area 92 Funded Improvements. The costs shown in Table III-B may be revised in Annual Service Plan Updates. The PID-Funded Actual Costs of the Improvement Area 92 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area 92 Assessments in accordance to the Improvement Area 92 Reimbursement Agreement; (ii)the proceeds of PID Bonds, if any, secured by Improvement Area 92 Assessment, issued in one or more series; and (iii) funds from any other lawfully available and unencumbered source. The Authorized Improvements being constructed in Improvement Area 92 and the Actual Costs thereof are described below. The Improvement Area 92 Funded Improvements and the Actual Costs thereof are described below and are also shown on Table III-B on the following page. Earthwork& Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area 92.The storm drain improvements will be constructed according to City standards, determined in the City's sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area 92. The water improvements will be constructed according to City standards, determined in the City's sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes,service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area 92. The wastewater improvements will be constructed according to the City standards, determined in the City's sole discretion. MuniCap 118 Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals and traffic control devices for Improvement Area 92. The road improvements will be constructed according to City standards, determined in the City's sole discretion. Landscaping Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area 92. The open space and trail system improvements will be constructed according to City standards, determined in the City's sole discretion Table III-B Improvement Area 42 Costs Actual Costs Actual Costs Estimated Reimbursed by Funded by Authorized Improvements Costs Assessments' Developer Authorized Improvements Bonds&Mobilization $270,616 $0 $270,616 Earthwork&Erosion Control Improvements $4,020,550 $0 $4,020,550 Storm Drainage Improvements $2,125,362 $0 $2,125,362 Water Improvements $2,598,771 $0 $2,598,771 Wastewater Improvements $2,341,564 $0 $2,341,564 Roadway Improvements2 $5,132,891 $5,132,891 $0 Landscaping Improvements $5,710,148 $717,110 $4,993,038 Project Contingency $117,814 $0 $117,814 Engineering $3,967,735 $0 $3,967,735 Construction Fees $1,047,891 $0 $1,047,891 Total Authorized Improvements $27,333,342 $5,850,000 $21,483,342 Note: Costs provided by Huitt-Zollars Engineering. The figures shown in Table III-B may be revised in Annual Service Plan Updates and such revisions shall not increase the principal of the Improvement Area#2 Assessments. 'Represent the PID-Funded Actual Costs of the Improvement Area#2 Funded Improvements 2 The Improvement Area#2 funded improvements include a portion of the Roadway Improvements. D. FUTURE IMPROVEMENT AREA IMPROVEMENTS As Future Improvement Areas are developed and Assessments are levied against the property within the Future Improvement Areas and/or Future Improvement Area Bonds are issued,this SAP will be amended to identify the specific Future Improvement Area Improvements that confer a special benefit to the property inside each Future Improvement Area (e.g. a Table III-C will be added to show the costs for the specific Future Improvement Area Improvements financed within the specific Future Improvement Area being developed.) MuniCap 119 IV. ASSESSMENT PLAN A. INTRODUCTION The PID Act requires the City Council to apportion the PID-Funded Actual Costs of the Authorized Improvements to be funded through the PID based on the special benefits conferred on each Parcel from the Authorized Improvements. The PID Act provides that the PID-Funded Actual Costs may be assessed: (i) equally per front foot or square foot; (ii) according to the value of the property as determined by the governing body, with or without regard to improvements on the property; or (iii) in any other manner that results in imposing equal shares of the cost on property similarly benefited. The PID Act further provides that the City Council may establish the methods of assessing the special benefits for various classes of improvements. Table IV-A details the allocation of PID-Funded Actual Costs of the Improvement Area#1 Funded Improvements to the Improvement Area 91 Assessed Property. Table IV-B details the allocation of PID-Funded Actual Costs of the Improvement Area 92 Funded Improvements to the Improvement Area 92 Assessed Property This Section IV is intended to: (1) describe the special benefit conferred upon each Parcel within Improvement Area 91 and Improvement Area 92 as a result of the Improvement Area 91 Funded Improvements and Improvement Area 92 Funded Improvements; (2) provide the basis and justification for the determination by the City Council that these special benefits exceed the amount of the applicable Assessments levied; and(3)explain the methodologies by which the City Council allocates and reallocates the special benefits of the Improvement Area 91 Funded Improvements and Improvement Area 92 Funded Improvements to Parcels so that equal shares of the PID-Funded Actual Costs being apportioned to Parcels that are similarly benefited. The determination by the City Council of the assessment methodologies set forth in this Section IV is the result of the discretionary exercise by the City Council of its legislative authority and governmental powers, consistent with the PID Act, and is conclusive and binding on the Developer and all future owners and developers of any Assessed Property. B. SPECIAL BENEFIT The Assessed Property must receive a direct and special benefit from the Authorized Improvements being funded through the PID that is equal to or greater than the amount of the Assessments.The Improvement Area#1 Funded Improvements are provided solely for the benefit of the Improvement Area 91 Assessed Property, and the benefit received from such Improvement Area 91 Funded Improvements must be equal to or greater than the Improvement Area 91 Assessment. The Improvement Area 92 Funded Improvements are provided solely for the benefit of the Improvement Area 92 Assessed Property, and the benefit received from such Improvement Area 92 Funded Improvements must be equal to or greater than the Improvement Area 92 Assessment. When the City Council approved this SAP for Improvement Area 91, the Developer owned 100% of the Improvement Area 91 Assessed Property. The Developer: (i) has acknowledged that the MuniCap 120 Improvement Area 91 Funded Improvements confer a special benefit on the Improvement Area 91 Assessed Property; and (ii) has consented to the imposition of the Assessments to pay for the PID-Funded Actual Costs of the Improvement Area 91 Funded Improvements and Improvement Area 92 Funded Improvements. When the City Council approved this SAP for Improvement Area 92,the Developer owned 65.4% of the Improvement Area 92 Assessed Property. The Developer: (i) has acknowledged the Improvement Area 92 Funded Improvements confer a special benefit on the Improvement Area 92 Assessed Property; (ii) has consented to the imposition of the Improvement Area 92 Assessments to pay for the PID-Funded Actual Costs of the Improvement Area 92 Funded Improvements; and (iii) has consented to pay in full the amount of any Improvement Area 92 Assessments on each Lot that have closed with homebuyers as of the date of the levy of the Improvement Area#2 Assessments. If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner, but in no event will such new allocation increase the Maximum Assessment per Unit for each Parcel as identified in Table IV-B. If the Assessment for the Assessed Property prior to subdivision exceeds the sum of the Assessments for all newly divided Assessed Properties after such reallocation, the excess amount shall be prepaid as a Mandatory Prepayment as provided under Section VLC herein. The City Council determined that funding the PID-Funded Actual Costs through the PID is beneficial to the City and confers a special benefit on the Improvement Area#1 Assessed Property and Improvement Area #2 Assessed Property. The City Council has also determined that the special benefit from Improvement Area #1 Funded Improvements and Improvement Area #2 Funded Improvements exceeds the amount of the Improvement Area #1 Assessment and the Improvement Area #2 Assessment, respectively. This conclusion is supported by the evidence, information, and testimony provided to the City Council. C. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA#1 FUNDED IMPROVEMENTS The Improvement Area 91 Funded Improvements will provide a special benefit to that portion of the Property, other than the Non-Benefited Property, in Improvement Area #1. The PID-Funded Actual Costs of the Improvement Area#1 Funded Improvements are, therefore, allocated entirely to the Improvement Area #1 Assessed Property as shown in Table IV-A on the following page. The costs detailed in Table IV-A are subject to revision through the Annual Service Plan Updates but may not result in increased Assessments except as authorized by this SAP and the PID Act. MuniCap 121 Table IV-A Cost Allocation of Improvement Area 41 % Share of PID Funded Authorized Improvements Total Costs' Allocation Costs Costs Authorized Improvements Bonds&Mobilization $1,054,976 0% $0 $0 Earthwork&Erosion Control Improvements $3,514,622 0% $0 $0 Storm Drainage Improvements $3,442,755 0% $0 $0 Water Improvements $2,448,956 0% $0 $0 Wastewater Improvements $2,626,023 0% $0 $0 Roadway Improvements2 $5,712,973 100.00% $5,712,973 $5,712,973 Open Space& Trail Improvements $2,330,585 27.33% $637,027 $637,027 Project Contingency $2,773,202 0% $0 $0 Engineering $2,719,068 0% $0 $0 City Inspection and Fees $1,318,095 0% $0 $0 Professional Fees $45,266 0% $0 $0 Construction Fees $1,532,073 0% $0 $0 Total Authorized Improvements $29,518,594 $6,350,000 $6,350,000 'See Table III-A for details. D. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA#2 FUNDED IMPROVEMENTS The Improvement Area 92 Funded Improvements will provide a special benefit to that portion of the Property, other than the Non-Benefited Property, in Improvement Area #2. The PID-Funded Actual Costs of the Improvement Area 92 Funded Improvements are, therefore, allocated entirely to the Improvement Area 92 Assessed Property as shown in Table IV-B on the following page. The costs detailed in Table IV-B are subject to revision through the Annual Service Plan Updates but may not result in increased Assessments except as authorized by this SAP and the PID Act. Table IV-B Cost Allocation of Improvement Area#2 % Share of PID Funded Authorized Improvements Total Costs' Allocation Costs Costs Authorized Improvements Bonds&Mobilization $270,616 0.00% $0 $0 Earthwork&Erosion Control Improvements $4,020,550 0.00% $0 $0 Storm Drainage Improvements $2,125,362 0.00% $0 $0 Water Improvements $2,598,771 0.00% $0 $0 Wastewater Improvements $2,341,564 0.00% $0 $0 Roadway Improvements2 $5,132,891 100.00% $5,132,891 $5,132,891 Open Space& Trail Improvements $5,710,148 10.81% $717,110 $717,110 Project Contingency $117,814 0.00% $0 $0 Engineering $3,967,735 0.00% $0 $0 Construction Fees $1,047,891 0.00% $0 $0 Total Authorized Improvements $27,333,342 $5,850,000 $5,850,000 'See Table III-B for details. MuniCap 122 E. ALLOCATION OF ACTUAL COSTS OF FUTURE IMPROVEMENT AREA IMPROVEMENTS As Future Improvement Areas are developed and Assessments are levied against the property within the Future Improvement Areas and/or Future Improvement Area Bonds are issued,this SAP will be amended to identify the specific Future Improvement Area Improvements that confer a special benefit to the property inside such Future Improvement Areas (e.g. Table IV-C will be created and amended to show the allocation of Actual Costs for Future Improvement Area Improvements) F. ASSESSMENT METHODOLOGY The City Council may assess the PID-Funded Actual Costs against Assessed Property so long as the special benefit conferred upon the Assessed Property by the corresponding Authorized Improvements equals or exceeds the amount of the Assessments. The PID-Funded Actual Costs may be assessed using any methodology that results in the imposition of equal shares of the PID- Funded Actual Costs on Assessed Property similarly benefited. Assessment Methodoloor Improvement Area #1 f For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area 91 Funded Improvements shall be allocated to the Improvement Area 91 Assessed Property by spreading the entire Improvement Area 91 Assessment across all Lots of Assessed Property within Improvement Area 91 based on the ratio of the estimated build out value of each Lot to the total build out value for all Parcels within Improvement Area 91. The assessment methodology described in this section is summarized in Table IV-C. Table IV-C also summarizes for each Lot Type of Assessed Property within Improvement Area 91: (1) the Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-D also summarizes for each Lot Type of Assessed Property within Improvement Area 91: (1) the estimated finished lot to Assessment ratio and (2) the estimated completed home price to Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area 91 Funded Improvements, the City Council has determined that the benefit to the Improvement Area 91 Assessed Property from the Improvement Area 91 Funded Improvements is at least equal to the Improvement Area 91 Assessments. The Improvement Area 91 Assessments and Annual Installments for each Lot of Assessed Property located in Improvement Area 91 are shown on the Improvement Area 91 Assessment Roll attached as Appendix A-1, and no such Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-C and Table IV-D summarizes the initial allocation of the Improvement Area#1 Assessment at the time the in Improvement Area#1 Assessment Ordinance was adopted by the City Council.The information in Table IV-C and Table IV-D may be modified MuniCap 123 in a Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID Table IV-C Improvement Area 41 Assessment Allocation Equivalent Equivalent Tax Rate Tax Rate Initial (Per Total Initial Year (Per $100/AV) Estimated Estimated $100/AV) Estimated Improvement Year Maximum Annual Completed Lot Finished Completed Build Out Area#1 Annual Assessment Installment Finished Home Size Units Lot Value Home Value Value Assessment Installment Per Unit Per Unit Lot Value Value 35' 28 $53,410 $286,900 $8,033,200 $192,408 $14,466 $6,872 $517 $0.97 $0.18 50, 239 $72,856 $356,700 $85,251,300 $2,041,909 $153,516 $8,544 $642 $0.88 $0.18 60' 182 $89,479 $439,000 $79,898,000 $1,913,688 $143,876 $10,515 $791 $0.88 $0.18 70' 98 $113,861 $559,500 $54,831,000 $1,313,293 $98,737 $13,401 $1,008 $0.88 $0.18 Custom 40 $170,000 $927,600 $37,104,000 $888,702 $66,815 $22,218 $1,670 $0.98 $0.18 Total 587 $114,711,600 $265,117,500 $6,350,000 $477,409 Note:Estimates are based on information available as of the date the original SAP was adopted by the City Council.The above estimate assumes an average 6.0% interest rate for the initial two years,a 5.0%interest rate for the remaining 28 years,a 30 year term for the collection of PID assessments,and an annual administrative expense of$45,000 increasing by 2.0%per year.This information may be modified in a Annual Service Plan Update approved by the City Council,subject to the terms of this SAP,the PID Act,and any other document associated with the PID. Table IV-D Improvement Area #1 Estimated Value to Assessment Ratios Initial Total Initial Year Finished Completed Estimated Estimated Estimated Improvement Year Maximum Annual Lot to Home to Lot Finished Completed Build Out Area#1 Annual Assessment Installment Assessment Assessment Size Units Lot Value Home Value Value Assessment Installment Per Unit Per Unit Leverage Leverage 35' 28 $53,410 $286,900 $8,033,200 $192,408 $14,466 $6,872 $517 7.77 41.75 50' 239 $72,856 $356,700 $85,251,300 $2,041,909 $153,516 $8,544 $642 8.53 41.75 60' 182 $89,479 $439,000 $79,898,000 $1,913,688 $143,876 $10,515 $791 8.51 41.75 70' 98 $113,861 $559,500 $54,831,000 $1,313,293 $98,737 $13,401 $1,008 8.50 41.75 Custom 40 $170,000 $927,600 $37,104,000 $888,702 $66,815 $22,218 $1,670 7.65 41.75 Total 587 $114,711,600 $265,117,500 $6,350,000 $477,409 Note:Estimates are based on information available as of the date the original SAP was adopted by the City Council.The above estimate assumes an average 6.0% interest rate for the initial two years,a 5.0%interest rate for the remaining 28 years,a 30 year term for the collection of PID assessments,and an annual administrative expense of$45,000 increasing by 2.0%per year.This information may be modified in an Annual Service Plan Update approved by the City Council,subject to the terms of this SAP,the PID Act,and any other document associated with the PID. Assessment Methodoloor Improvement Area #2 f For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area 92 Funded Improvements shall be allocated to the Improvement Area 92 Assessed Property by spreading the entire Improvement Area 92 Assessment across all Lots of Assessed Property within Improvement Area 92 based on the ratio of the estimated build out value of each Lot to the total build out value for all Parcels within MuniCap 124 Improvement Area 92. The assessment methodology described in this section is summarized in Table IV-E. Table IV-E also summarizes for each Lot Type of Assessed Property within Improvement Area 92: (1) the Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-F also summarizes for each Lot Type of Assessed Property within Improvement Area 92: (1) the estimated finished lot to Assessment ratio and (2) the estimated completed home price to Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area 92 Funded Improvements, the City Council has determined that the benefit to the Improvement Area 92 Assessed Property from the Improvement Area 92 Funded Improvements is at least equal to the Improvement Area 92 Assessments. The Improvement Area 92 Assessments and Annual Installments for each Lot of Assessed Property located in Improvement Area 92 are shown on the Improvement Area 92 Assessment Roll attached as Appendix A-2, and no such Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-E and Table IV-F summarizes the initial allocation of the Improvement Area 92 Assessment at the time the Improvement Area 92 Assessment Ordinance was adopted by the City Council. The information in Table IV-E and Table IV-F may be modified in a Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID Table IV-E Improvement Area #2 Assessment Allocation Equivalent Equivalent Tax Rate Initial Tax Rate (Per Estimated Total Initial Year (Per $100/AV) Estimated Completed Estimated Improvement Year Maximum Annual $100/AV) Completed Finished Home Build Out Area#2 Annual Assessment Installment Finished Home Lot Size Units Lot Value Value Value Assessment Installment Per Unit Per Unit Lot Value Value 35' 61 $55,040 $315,000 $19,215,000 $463,987 $33,292 $7,606 $546 $0.99 $0.17 50, 152 $72,740 $415,000 $63,080,000 $1,523,200 $109,294 $10,021 $719 $0.99 $0.17 60' 165 $88,430 $505,000 $83,325,000 $2,012,058 $144,371 $12,194 $875 $0.99 $0.17 70' 67 $114,530 $655,000 $43,885,000 $1,059,696 $76,036 $15,816 $1,135 $0.99 $0.17 Townhome 96 $52,090 $310,000 $29,760,000 $718,618 $51,563 $7,486 $537 $1.03 $0.17 Garden 12 $40,000 $250,000 $3,000,000 $72,441 $5,198 $6,037 $433 $1.08 $0.17 Home Total 553 $242,265,000 $5,850,000 $419,754 Note:Estimates are based on information available as of XX/XX/20.The above assumes a 4.62%interest rate,a 30-year term for the collection of PID assessments, and an average annual administrative expense of$55,526 per year. This information may be modified in an Annual Service Plan Update approved by the City Council,subject to the terms of this SAP,the PID Act,and any other document associated with the PID. MuniCap 125 Table IV-F Improvement Area 42 Estimated Value to Assessment Ratios Initial Estimated Total Initial Year Finished Completed Estimated Completed Estimated Improvement Year Maximum Annual Lot to Home to Finished Home Build Out Area#2 Annual Assessment Installment Assessment Assessment Lot Size Units Lot Value Value Value Assessment Installment Per Unit Per Unit Leverage Leverage 35' 61 $55,040 $315,000 $19,215,000 $463,987 $33,292 $7,606 $546 7.24 41.41 50' 152 $72,740 $415,000 $63,080,000 $1,523,200 $109,294 $10,021 $719 7.26 41.41 60' 165 $88,430 $505,000 $83,325,000 $2,012,058 $144,371 $12,194 $875 7.25 41.41 70' 67 $114,530 $655,000 $43,885,000 $1,059,696 $76,036 $15,816 $1,135 7.24 41.41 Townhome 96 $52,090 $310,000 $29,760,000 $718,618 $51,563 $7,486 $537 6.96 41.41 Garden 12 $40,000 $250,000 $3,000,000 $72,441 $5,198 $6,037 $433 6.63 41.41 Home Total 553 $242,265,000 $5,850,000 $419,754 Note:Estimates are based on information available as of XX/XX/20.The above assumes 4.62%interest rate,a 30-year term for the collection of PID assessments, and an average annual administrative expense of$55,526 per year. This information may be modified in an Annual Service Plan Update approved by the City Council,subject to the terms of this SAP,the PID Act,and any other document associated with the PID. Assessment Methodology for Future Improvement Areas When and if the Future Improvement Areas are developed and Assessments are levied against Property within the Future Improvement Areas and/or the issuance of Future Improvement Area Bonds are contemplated, this SAP will be amended to determine the assessment methodology necessary to apply equal shares of the Actual Costs of Future Improvement Area Improvements on Assessed Property similarly benefited within that Future Improvement Area. G. ASSESSMENT AND ANNUAL INSTALLMENTS The Improvement Area#1 Assessments for the Improvement Area#1 Funded Improvements have been levied on each Lot of Improvement Area#1 Assessed Property according to the Improvement Area#1 Assessment Roll. The Improvement Area#1 Annual Installments will be due no later than January 31 of each year beginning in 2019 and will be due in the amounts shown on the Improvement Area 91 Assessment Roll, subject to any revisions made during an Annual Service Plan Update. The Improvement Area 92 Assessments for the Improvement Area #2 Funded Improvements will be levied on each Lot of Improvement Area #2 Assessed Property according to the Improvement Area #2 Assessment Roll. The Improvement Area #2 Annual Installments will be due no later than January 31 of each year beginning in 2021 and will be due in the amounts shown on the Improvement Area #2 Assessment Roll, subject to any revisions made during an Annual Service Plan Update. H. ADMINISTRATIVE EXPENSES The cost of administering the PID and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel or Lot based on the amount of outstanding Assessment remaining on such Parcel or Lot. The Administrative Expenses shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Improvement Area#1 Assessment Roll and MuniCap 126 the Improvement Area 92 Assessment Roll, shown on Appendix A-1 and Appendix A-2, respectively,which are subject to revision through Annual Service Plan Updates. I. ADDITIONAL INTEREST RATE Pursuant to the PID Act,if PID Bonds are issued,the interest rate for Assessments may exceed the actual interest rate per annum paid on bonds issued by a PID by no more than one half of one percent (0.50%) per annum, (the "Additional Interest Rate"). Forty percent (40.0%) of the funds generated by the Additional Interest Rate (i.e. 0.20%) per annum will be dedicated to fund the Prepayment Reserve as described in Section IV.J below. The remaining sixty percent (60.0%) balance of the funds generated by the Additional Interest Rate (i.e. 0.30%)per annum is dedicated to the Delinquency Reserve as described in Section IV.K below. J. PREPAYMENT RESERVE As described in Section IV.G above, if PID Bonds are issued, a portion of the funds generated by the Additional Interest Rate will be allocated to fund the associated interest charged between the date of prepayment of an Assessment and the date on which related PID Bonds are actually redeemed (the "Prepayment Reserve"). If PID Bonds are issued, a Prepayment Reserve shall be funded each year until it reaches 1.5% of the par amount of the related PID Bonds,but in no event will the annual collections be more than 0.20%per annum higher than the actual interest rate paid on the related PID Bonds. If the PID Act is subsequently amended to allow a prepayment of an Assessment to include all applicable interest from the date of prepayment through and including the date of the regularly scheduled PID Bond payments to be charged upon the prepayment of the Assessment, the 0.20% per annum allocated to fund the associated interest charged between the date of prepayment of the Assessment and the date on which PID Bonds are actually prepaid may be eliminated at the election of the City. If the Prepayment Reserve requirement is so eliminated or in a given year the additional reserve is fully funded at 1.5%of the par amount of the PID Bonds, the City can allocate the Prepayment Reserve component of the Additional Interest Rate collected during that year to the Delinquency Reserve or to pay Administrative Expenses as set forth in the applicable Indenture. K. DELINQUENCY RESERVE As described in Section IV.G above, if PID Bonds are issued, a portion of the funds generated by the Additional Interest Rate will be allocated to offset any possible delinquent payments. This additional reserve (the "Delinquency Reserve") shall be funded each year up to 4.0% of the par amount of the related PID Bonds, but in no event will the annual collection of the Delinquency Reserve be more than 0.30%per annum higher than the actual interest rate paid on the related PID Bonds. If in a given year the additional reserve is fully funded at 4.0% of the par amount of the related PID Bonds, the City can allocate the Delinquency Reserve component of the Additional Interest Rate collected during that year to the Prepayment Reserve, or to pay Administrative Expenses or to redeem PID Bonds as set forth in the applicable Indenture. MuniCap 127 V. ,SERVICE PLAN A. INTRODUCTION The PID Act requires that a service plan (i) cover a period of at least five years, and(ii)define the annual projected costs and indebtedness for the Authorized Improvements undertaken within the PID during the five year period. The timetable for Future Improvement Areas Improvements will be determined and included in future updates to this SAP. The Service Plan shall be reviewed and updated at least annually for purposes of determining the annual budget for Administrative Expenses, updating the estimated costs of the Authorized Improvements, and updating the Assessment Rolls shown on Appendix A-1 and Appendix A-2. Any update to this SAP is herein referred as an"Annual Service Plan Update." Table V-A summarizes the sources and uses of funds required to construct the Improvement Area 91 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V- A shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. Table V-B summarizes the sources and uses of funds required to construct the Improvement Area 42 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V- B shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. PID Bonds for Improvement Area 91 will not be issued until a final plat has been recorded for Improvement Area 92. If no final plat has been recorded with respect to Improvement Area 92 within five (5) years of the date hereof, then no PID Bonds for Improvement Area 91 will be issued, and the payment of the any amount owed to the Developer under the Improvement Area 91 Reimbursement Agreement will be limited to quarterly payments by the City to the Developer from the Assessment Revenues deposited into the District Fund. PID Bonds for Improvement Area 92 will not be issued until a final plat has been recorded for Improvement Area 93. If no final plat has been recorded with respect to Improvement Area 93 within five (5) years of the date hereof, then no PID Bonds for Improvement Area 92 will be issued, and the payment of the any amount owed to the Developer under the Improvement Area #2 Reimbursement Agreement will be limited to quarterly payments by the City to the Developer from the Assessment Revenues deposited into the District Fund. Future Improvement Area PID Bonds for a given improvement area will not be issued until a final plat has been recorded for the next improvement area in the District ("Subsequent Improvement Area"). If no final plat has been recorded with respect to the Subsequent Improvement Area within five (5) years of the date that the Assessments are levied on the prior improvement area, then no Future Improvement Area PID Bonds for the prior improvement area will be issued, and the payment of any amount owed to the Developer under a Reimbursement Agreement will be limited to quarterly payments by the City to the Developer from the Assessment Revenues deposited into the District Fund. MuniCap 128 Table V-A Improvement Area #1 Sources and Uses of Funds Actual Costs Actual Costs Reimbursed by Funded by Description Costs' Assessments Developer Sources: PID Reimbursement Agreement Improvement Area 91 $6,350,000 $6,350,000 $0 Developer Cash Contribution $23,240,023 $0 $23,240,023 Total Sources $29,590,023 $6,350,000 Uses: Bonds&Mobilization $1,054,976 $0 $1,054,976 Earthwork&Erosion Control Improvements $3,514,622 $0 $3,514,622 Storm Drainage Improvements $3,442,755 $0 $3,442,755 Water Improvements $2,448,956 $0 $2,448,956 Wastewater Improvements $2,626,023 $0 $2,626,023 Roadway Improvements $5,712,973 $5,712,973 $0 Open Space& Trail Improvements $2,330,585 $637,027 $1,693,558 Project Contingency $2,773,202 $0 $2,773,202 Engineering $2,719,068 $0 $2,719,068 City Inspection and Fees $1,318,095 $0 $1,318,095 Professional Fees $45,266 $0 $45,266 Construction Fees $1,532,073 $0 $1,532,073 Total Authorized Improvements $29,590,023 $6,350,000 $23,240,023 See Table III-A and Table IV-A for details. (remainder of this page is intentionally left blank) MuniCap 129 The Improvement Area 92 Assessments are being levied. As a result, the sources and uses are shown in Table V-B below: Table V-B Improvement Area #2 Sources and Uses of Funds Actual Costs Actual Costs Reimbursed by Funded by Description Costs' Assessments Developer Sources: PID Reimbursement Agreement Improvement Area 42 $5,850,000 $5,850,000 $0 Developer Cash Contribution $21,483,342 $0 $21,483,342 Total Sources $27,333,342 $5,750,000 $21,583,342 Uses: Bonds&Mobilization $270,616 $0 $270,616 Earthwork&Erosion Control Improvements $4,020,550 $0 $4,020,550 Storm Drainage Improvements $2,125,362 $0 $2,125,362 Water Improvements $2,598,771 $0 $2,598,771 Wastewater Improvements $2,341,564 $0 $2,341,564 Roadway Improvements $5,132,891 $5,132,891 $0 Landscaping Improvements $5,710,148 $717,110 $4,993,038 Project Contingency $117,814 $0 $117,814 Engineering $3,967,735 $0 $3,967,735 Construction Fees $1,047,891 $0 $1,047,891 Total Authorized Improvements $27,333,342 $5,850,000 $21,583,342 See Table III-B and Table IV-B for details. The projected Annual Installments for the first five years after the approval of this SAP update for the Improvement Area 91 Funded Improvements are presented in Table V-C on the following page. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. (remainder of this page is intentionally left blank) MuniCap 130 Table V-C Improvement Area #1 Projected Annual Installments Prepayment Period & Ending Principal Interest Administrative Delinquency Annual PID 9/30 Payments Expense Expenses Reserves Installments 2018 $0 $0 $0 $0 $0 2019 $51,409 $381,000 $45,000 $0 $477,409 2020 $53,593 $377,915 $45,900 $0 $477,409 2021 $150,000 $255,516 $46,818 $25,075 $477,409 2022 $160,000 $245,329 $47,754 $24,325 $477,409 2023 $165,000 $240,175 $48,709 $23,525 $477,409 Total $528,593 $1,118,935 $189,182 $72,925 $1,909,635 Note:The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense,and the administration of the PID. The debt service estimates are based on a 30 year term for the PID,a 6.0%interest rate for the initial two years,a 5.0%interest rate for the remaining 28 years and a PID Bond issuance beginning in year 3.Administrative expenses are estimated to increase at a rate of 2.0%per year. The projected Annual Installments for the first five years after the approval of this SAP for the Improvement Area 92 Funded Improvements are presented in Table V-D below. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. Table V-D Improvement Area #2 Projected Annual Installments Prepayment Period & Ending Principal Interest Administrative Delinquency Annual PID 9/30 Payments Expense Expenses Reserves Installments 2021 $93,957 $270,270 $55,526 $0 $419,754 2022 $98,298 $265,929 $55,526 $0 $419,754 2023 $102,840 $261,388 $55,526 $0 $419,754 2024 $107,591 $256,637 $55,526 $0 $419,754 2025 $112,562 $251,666 $55,526 $0 $419,754 2026 $117,762 $246,466 $55,526 $0 $419,754 Total $633,010 $1,552,355 $333,157 $0 $2,518,521 Note:The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense,and the administration of the PID. The debt service estimates are based on a 30 year term for the PID,a 4.62%interest rate,and a PID Bond issuance beginning in year 3. MuniCap 131 VI. TERMS OF THE ASSESSMENTS A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA#1 The Improvement Area 91 Assessments and Annual Installments for the Improvement Area 91 Assessed Property are shown on the Improvement Area 91 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area 91 Annual Installments shall be collected in an amount sufficient to pay principal and interest on any PID Bonds, any amounts payable pursuant to any PID Reimbursement Agreement(subject to the terms thereof), to fund the Prepayment Reserve and the Delinquency Reserve, if PID Bonds are issued, and to pay the Administrative Expenses. B. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA#2 The Improvement Area 92 Assessments and Annual Installments for the Improvement Area 92 Assessed Property are shown on the Improvement Area 92 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area 92 Annual Installments shall be collected in an amount sufficient to pay principal and interest on any PID Bonds, any amounts payable pursuant to any PID Reimbursement Agreement(subject to the terms thereof), to fund the Prepayment Reserve and the Delinquency Reserve, if PID Bonds are issued, and to pay the Administrative Expenses. C. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS When and if Future Improvement Areas are developed,this SAP will be amended to determine the Assessment and Annual Installments associated with the costs of Future Improvement Area Improvements for each Parcel or Lot located within a Future Improvement Area. The Assessment shall not exceed the benefit received by the Assessed Property. D. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #1 AND IMPROVEMENT AREA#2 Upon Division Prior to Recording of Subdivision Plat Upon the division of any Assessed Property (without the recording of subdivision plat), the Administrator shall reallocate the Assessment for the Assessed Property prior to the division among the newly divided Assessed Properties in accordance with the assessment methodology as presented in Section IVY. MuniCap 132 If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner, but in no event will such new allocation increase the total Assessment for each Parcel as identified in Table IV-C and Table IV-E. The reallocation of an Assessment for Assessed Property that is a homestead under Texas law may not exceed the Assessment prior to the increase or reallocation. Any reallocation pursuant to this section shall be reflected in a Service and Assessment Plan Update approved by the City Council. The reallocation herein shall be considered an administrative action that will not require the City Council to issue notice and hold a public hearing. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. The calculation shall be made separately for each newly divided Assessed Property.Any reallocation pursuant to this section shall be reflected in an update to this Service and Assessment Plan approved by the City Council. Upon Subdivision by a Recorded Subdivision Plat Once a Lot has an Assessment applied to it, as shown in Table IV-C and IV-E, and is then subdivided again, such newly subdivided lots will be the Assessment of the applicable lot size as set forth in Table IV-C and Table IV-E. In no event will the new subdivision cause the sum of the Assessments for the newly subdivided Lots to be greater than the Assessment for the undivided Lot prior to its subdivision. The allocation method used above is to insure there will not be an increase in the Assessment for each specific Parcel. If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner. Upon Consolidation Upon the consolidation of two or more Assessed Properties, the Assessment for the consolidated Assessed Property shall be the sum of the Assessments for the Assessed Properties prior to consolidation. The reallocation of an Assessment for an Assessed Property that is a homestead under Texas law may not exceed the Assessment for such Assessed Property prior to the reallocation. Any reallocation pursuant to this section shall be calculated by the Administrator and reflected in an update to this SAP approved by the City Council.The consolidation of any Assessed Property as described herein shall be considered an administrative action and will not require any notice or public hearing (as defined in the PID Act)by the City Council. Upon Transfer between Parcels with Different Uses Should an owner of an Assessed Property choose to transfer the intended land use between all or a portion of one or more Parcels or Lots, in no event will the transfer cause the sum of the Assessments for the affected Parcels or Lots to be greater than the Assessment for those Parcels or Lots prior to the transfer of use. MuniCap 133 If uses are transferred among Parcels or Lots,the Assessments for each affected Parcel or Lot will be allocated in an equitable manner. E. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS As Future Improvement Areas are developed, this SAP will be amended to determine the assessment reallocation methodology that results in the imposition of equal shares of the Actual Costs on Assessed Property similarly benefited within each Future Improvement Area. F. MANDATORY PREPAYMENT OF ASSESSMENTS If Assessed Property or a portion thereof is transferred to a party that is exempt from the payment of the Assessment under applicable law,or if an owner causes a Parcel or portion thereof to become Non-Benefited Property, the owner of such Parcel or portion thereof shall pay to the City the full amount of the Assessment, plus all Prepayment Costs, for such Parcel or portion thereof prior to any such transfer or act (a "Mandatory Prepayment"). Should a Mandatory Prepayment of Assessments occur, the owner of such Parcel or portion thereof shall notify the City and the Administrator no later than thirty (30) days after the date of the payment of the Mandatory Prepayment. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. If the Assessment for the Assessed Property prior to subdivision exceeds the sum of the Assessments for all newly divided Assessed Properties after such reallocation, the Parcel owner shall pay the excess Assessment amount as a Mandatory Prepayment. The Developer has agreed to pay off the Assessments on Lots within Improvement Area #2 that have closed with homebuyers as of the date of levy of the Improvement Area #2 Assessments. Such Parcels are marked as Prepaid in the attached Assessment Roll for Improvement Area#2. G. REDUCTION OF ASSESSMENTS If after all Authorized Improvements to be funded through the PID have been completed and the Actual Costs for such Authorized Improvements are less than the PID-Funded Actual Costs used to calculate the Assessments, resulting in an excess Assessment, then the City may, at its discretion, reduce the Assessment for each Assessed Property pro rata such that the sum of the resulting reduction in the Assessments for all Assessed Properties equals the excess Assessments Additionally, the City may, at the request of the Developer, use such excess Assessments to fund and/or reimburse the Developer for, and/or directly fund, additional Authorized Improvements. Similarly, if the owner does not undertake some of the Authorized Improvements to be funded through the PID, as set forth in Table III-A and Table III-B,resulting in excess Assessments, then the City may, at the City's sole discretion,reduce the Assessment for each Assessed Property pro- rata to reflect only the PID-Funded Actual Costs that were expended and deposit and apply such excess Assessments as described in the paragraph immediately above. MuniCap 134 H. PAYMENT OF ASSESSMENTS 1. Payment in Full The Assessment for any Parcel or Lot may be paid in full at any time in accordance the PID Act. The Payment shall include all Prepayment Costs, if any. If prepayment in full will result in redemption of PID Bonds, the payment amount shall be reduced by the applicable portion of the proceeds from a debt service reserve fund applied to the redemption pursuant to the Indenture,net of any other costs applicable to the redemption of PID Bonds. If an Annual Installment has been billed prior to payment in full of an Assessment, the Annual Installment shall be due and payable and shall be credited against the payment-in-full amount upon payment. Upon payment in full of an Assessment and all Prepayment Costs, the City shall deposit the payment in accordance with the applicable PID Reimbursement Agreement or related Indenture; whereupon, the Assessment for the Parcel or Lot shall be reduced to zero, and the Parcel or Lot owner's obligation to pay the Assessment and Annual Installments thereof shall automatically terminate. The City shall provide the owner of the affected Assessed Property a recordable"Notice of PID Assessment Termination." At the option of a Parcel or Lot owner, the Assessment on any Parcel or Lot may be paid in part in an amount equal to the amount of prepaid Assessments plus Prepayment Costs, if any, with respect thereto. Upon the payment of such amount for a Parcel or Lot, the Assessment for the Parcel or Lot shall be reduced by the amount of such partial payment, the Assessment Roll shall be updated to reflect such partial payment, and the obligation to pay the Annual Installment for such Parcel or Lot shall be reduced to the extent the partial payment is made. 2. Payment of Annual Installments If an Assessment is not paid in full,the PID Act authorizes the City to collect interest and collection costs on the outstanding Assessment. A Assessment for a Parcel or Lot that is not paid in full will be collected in Annual Installments each year in the amounts shown in the applicable Assessment Roll and which includes interest on the outstanding Assessment and Administrative Expenses. The Annual Installments as listed on the Improvement Area 91 Assessment Roll have been calculated as having a term of 30 years from initial collection, and assuming an interest rate of 6.0%for the initial two years or collection and 5.0%for the remaining 28 years of collection. The interest rate assumptions are in conformance with the PID Act assuming an index rate of 4.03% as provided by The Bond Buyer's Revenue Bond Index dated February 9, 2017. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The interest on the Assessments or Annual Installments will include the interest generated from the Additional Interest Rate once PID Bonds are issued. MuniCap 135 The Annual Installments as listed on the Improvement Area 92 Assessment Roll have been calculated as having a term of 30 years from initial collection, and assuming an interest rate of 4.62%. The interest rate assumptions are in conformance with the PID Act assuming an index rate of 2.62% as provided by The Bond Buyer's Revenue Bond Index dated August 27, 2020. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The interest on the Assessments or Annual Installments will include the interest generated from the Additional Interest Rate once PID Bonds are issued. The Annual Installments shall be reduced to equal the actual costs of repaying the related series of PID Bonds and actual Administrative Expenses (as provided for in the definition of such term), taking into consideration any other available funds for these costs, such as interest income on account balances. The City reserves and shall have the right and option to refund PID Bonds in accordance with Section 372.027 of the PID Act and the Indenture related to such PID Bonds. In the event of issuance of refunding bonds, the Administrator shall recalculate the Annual Installments, and if necessary, shall adjust, or decrease, the amount of the Annual Installment so that total Annual Installments of Assessments will be produced in annual amounts that are required to pay the debt service on the refunding bonds when due and payable as required by and established in the ordinance and/or the indenture authorizing and securing the refunding bonds, and such refunding bonds shall constitute"PID Bonds" for purposes of this SAP. I. COLLECTION OF ANNUAL INSTALLMENTS The Administrator shall, no less frequently than annually, prepare and submit to the City for its approval, an Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each Annual Service Plan Update shall include an updated Assessment Roll and a calculation of the Annual Installment for each Assessed Property. Administrative Expenses shall be allocated among Assessed Properties in proportion to the amount of the Annual Installments before Administrative Expenses for the Assessed Property. Each Annual Installment shall be reduced by any credits applied under the applicable Indenture, if PID Bonds are issued, such as capitalized interest,interest earnings on any account balances, and any other funds available to the Trustee for such purpose, and existing deposits for a Prepayment Reserve. Annual Installments may be collected by the City (or such entity to whom the City directs) in the same manner and at the same time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of delinquencies as set forth in the PID Act. The Assessments shall have lien priority as specified in the PID Act. Any sale of Assessed Property for nonpayment of the delinquent Annual Installments shall be subject to the lien established for the remaining unpaid Assessment against such Assessed Property and such Assessed Property may again be sold at a judicial foreclosure sale if the purchaser thereof fails to make timely payment of the non-delinquent Annual Installments against such Assessed Property as they become due and payable. MuniCap 136 Each Annual Installment, including the interest on the unpaid amount of an Assessment, shall be updated annually. Each Annual Installment together with interest thereon shall be delinquent if not paid prior to February 1 of the following year. The initial Annual Installments relating to the Improvement Area 91 were billed in October 2018 and were delinquent if not paid by February 1, 2019. Collection of the initial Annual Installments relating to the Improvement Area 92 Improvements that benefit the Improvement Area 92 Assessed Property will be due when billed, and will be delinquent if not paid prior to the first February I following the earlier of(i) the recording of a final subdivision plat in the official public records of the County for the Improvement Area 92 Assessed Property, (ii) upon issuance of the Improvement Area 92 Bonds, or (iii) the second anniversary of the date of the levy of Assessments against Improvement Area 92 Assessed Property. The initial Annual Installments relating to the Improvement Area 92 are anticipated to be billed in October 2020 and delinquent if not paid by February 1, 2021. (remainder of this page is intentionally left blank) MuniCap 137 VII. THE ASSESSMENT ROLL A. IMPROVEMENT AREA#1 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area 91 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council)to determine the amount of Assessed Property within Improvement Area 91. The Improvement Area 91 Assessed Property will be assessed for the special benefits conferred upon such property by the Improvement Area 91 Funded Improvements. Table V-A summarizes the $29,590,023 in special benefit received by such property from the Improvement Area 91 Funded Improvements. The total amount of the PID-Funded Actual Costs is $6,350,000,which is less than the benefit received by the Assessed Property. Accordingly, the total Improvement Area #1 Assessment to be applied to the Improvement Area 91 Assessed Property is $6,350,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area 91 Assessed Property is calculated based on the allocation methodologies described in Section IVY. The Assessment Roll for Improvement Area#1 Assessed Property is attached as Appendix A-1. Table VII-A Improvement Area 41 Special Benefit Summary Special Benefit Total Cost Improvement Area#1 Projects $6,350,000 Other Funding Sources $23,240,023 Total Authorized Improvements (a) $29,590,023 Total Special Benefit $29,590,023 Special Benefit Total Special Benefit $29,590,023 Projected Assessment $6,350,000 Excess Benefit $23,240,023 (a) See Table III-A for details. B. IMPROVEMENT AREA#2 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area 92 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council)to determine the amount of Assessed Property within Improvement Area 92. MuniCap 138 The Improvement Area 92 Assessed Property will be assessed for the special benefits conferred upon such property by the Improvement Area 92 Funded Improvements. Table V-B summarizes the $27,333,342 in special benefit received by such property from the Improvement Area 92 Funded Improvements. The total amount of the PID-Funded Actual Costs is $27,333,342, which is less than to the benefit received by the Assessed Property. Accordingly, the total Improvement Area 92 Assessment to be applied to the Improvement Area 92 Assessed Property is $5,850,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area 92 Assessed Property is calculated based on the allocation methodologies described in Section IVY. The Assessment Roll for Improvement Area 92 Assessed Property is attached as Appendix A-2. Table VII-B Improvement Area 42 Special Benefit Summary Special Benefit Total Cost Improvement Area#2 Projects $5,850,000 Other Funding Sources $21,483,342 Total Authorized Improvements (a) $27,333,342 Total Special Benefit $27,333,342 Special Benefit Total Special Benefit $27,333,342 Projected Assessment $5,850,000 Excess Benefit $21,483,342 (a)See Table III-B for details. C. FUTURE IMPROVEMENT AREA ASSESSMENT ROLL As Future Improvement Areas are developed, this SAP will be amended to determine the Assessment for each Parcel or Lot located within such Future Improvement Areas (e.g. an appendix will be added as the Assessment Roll for Future Improvement Areas). D. ANNUAL ASSESSMENT ROLL UPDATES The Administrator shall, in consultation with City staff, prepare, and shall submit to the City Council for approval,updates to the Assessment Rolls and in or as part of the Annual Service Plan Updates to reflect changes such as(i)the identification of each Parcel,(ii)the Assessment for each Assessed Property, including any adjustments authorized by this SAP and the PID Act; (iii) the Annual Installments for the Assessed Property for the year (if the Assessment is payable in installments); and (iv)payments of the Assessment, if any, as provided by Section VLA. Annual Service Plan Updates shall reflect the actual interest of the PID Bonds,if any,or as outlined in the PID Reimbursement Agreement, on which the Annual Installments shall be paid plus the Additional Interest Rate, if any, any reduction in the Assessments, any revisions in the Actual Costs,Assessments agreed upon in the PID Reimbursement Agreement, and Developer funds. MuniCap 139 VIII. MISCELLANEOUS PROVISIONS A. ADMINISTRATIVE REVIEW The City may elect to designate a third party, who is not an officer or employee of the City, to serve as Administrator of the PID. The City shall notify the property owners within the PID in writing upon appointing a third party Administrator. To the extent consistent with the PID Act, if an owner of the Assessed Property claims that a calculation error has been made in an Assessment Roll, including the calculation of the Annual Installment, that owner must send a written notice describing the error to the Administrator no later than thirty (30) days after the date the invoice or other bill for the Annual Installment is received. If the owner fails to give such notice, such owner shall be deemed to have accepted the calculation of the Assessment Roll (including the Annual Installments) and to have waived any objection to the calculation. The Administrator shall, in consultation with City staff, promptly review the notice, and if necessary, meet with the Assessed Property owner, consider written and oral evidence regarding the alleged error and decide whether, in fact, such a calculation error occurred. If the Administrator, in consultation with City staff, determines that a calculation error has been made and the Assessment Roll should be modified or changed in favor of the Assessed Property owner, such change or modification shall be presented to the City Council for approval, to the extent permitted by the PID Act. A cash refund may not be made for any amount previously paid by the Assessed Property owner (except for the final year during which the Annual Installment shall be collected), but an adjustment may be made in the amount of the Annual Installment to be paid in the following year. The decision of the Administrator regarding a calculation error relating to the Assessment Roll may be appealed to City Council. Any amendments made to the Assessment Roll pursuant to calculation errors shall be made pursuant to the PID Act. B. TERMINATION OF ASSESSMENTS Each Assessment shall terminate on the date the Assessment is paid in full, including payment of any unpaid Annual Installments and Delinquent Collection Costs, if any. After the termination of the Assessment, and the collection of any delinquent Annual Installments and Delinquent Collection Costs,the City shall provide the owner of the affected Parcel a recordable Notice of the PID Assessment Termination. C. AMENDMENTS Amendments to the Service and Assessment Plan may be made as permitted or required by the PID Act and Texas law. MuniCap 140 D. ADMINISTRATION AND INTERPRETATION OF PROVISIONS The City Council shall administer (or cause the administration of) the PID, this SAP, and all Annual Service Plan Updates consistent with the PID Act E. SEVERABILITY If any provision, section, subsection, sentence, clause or phrase of this SAP, or the application of same to an Assessed Property or any person or set of circumstances is for any reason held to be unconstitutional, void or invalid, the validity of the remaining portions of this SAP or the application to all or any portion of the Property or other persons or sets of circumstances shall not be affected thereby,it being the intent of the City Council in adopting this SAP that no part thereof, or provision or regulation contained therein shall become inoperative or fail by reason of any unconstitutionality,voidness or invalidity of any other part hereof, and all provisions of this SAP are declared to be severable for that purpose. If any provision of this SAP is determined by a court to be unenforceable, the unenforceable provision shall be deleted from this SAP, and the unenforceable provision shall, to the extent possible,be rewritten to be enforceable and to give effect to the intent of the City. (remainder of this page is intentionally left blank) MuniCap 141 APPENDIX A-1 IMPROVEMENT AREA #1 ASSESSMENT ROLL Appendix A-1 Improvement Area #1 Assessment Roll Parcel All Parcels Units Assessment $6,350,000 Total Net Debt Administrative Annual Year 1 Principal Interest Service Expenses Installment3 9/1/2019 $51,409 $381,000 $432,409 $45,000 $477,409 9/1/2020 $53,593 $377,915 $431,508 $45,900 $477,408 9/l/2021 $118,341 $312,250 $430,591 $46,818 $477,409 9/1/2022 $123,322 $306,333 $429,655 $47,754 $477,409 9/l/2023 $128,533 $300,167 $428,700 $48,709 $477,409 9/1/2024 $133,985 $293,740 $427,725 $49,684 $477,409 9/l/2025 $139,691 $287,041 $426,732 $50,677 $477,409 9/1/2026 $145,662 $280,056 $425,718 $51,691 $477,409 9/l/2027 $151,911 $272,773 $424,684 $52,725 $477,409 9/l/2028 $158,452 $265,178 $423,630 $53,779 $477,409 9/l/2029 $165,299 $257,255 $422,554 $54,855 $477,409 9/1/2030 $172,467 $248,990 $421,457 $55,952 $477,409 9/l/2031 $179,971 $240,367 $420,338 $57,071 $477,409 9/1/2032 $187,828 $231,368 $419,196 $58,212 $477,408 9/l/2033 $196,055 $221,977 $418,032 $59,377 $477,409 9/1/2034 $204,671 $212,174 $416,845 $60,564 $477,409 9/l/2035 $213,693 $201,941 $415,634 $61,775 $477,409 9/1/2036 $223,142 $191,256 $414,398 $63,011 $477,409 9/l/2037 $233,039 $180,099 $413,138 $64,271 $477,409 9/l/2038 $243,405 $168,447 $411,852 $65,557 $477,409 9/l/2039 $254,265 $156,277 $410,542 $66,868 $477,410 9/1/2040 $265,640 $143,563 $409,203 $68,205 $477,408 9/l/2041 $277,558 $130,281 $407,839 $69,569 $477,408 9/1/2042 $290,045 $116,403 $406,448 $70,960 $477,408 9/l/2043 $303,128 $101,901 $405,029 $72,380 $477,409 9/1/2044 $316,837 $86,745 $403,582 $73,827 $477,409 9/l/2045 $331,202 $70,903 $402,105 $75,304 $477,409 9/1/2046 $346,256 $54,343 $400,599 $76,810 $477,409 9/l/2047 $362,033 $37,030 $399,063 $78,346 $477,409 9/1/2048 $378,567 $18,928 $397,495 $79,913 $477,408 Total $6,350,000 $6,146,701 $12,496,701 $1,825,564 $14,322,265 1-The 9/30/XX dates represent the fiscal year end for the Bonds. 2-Assumes a 2%increase per year.The administrative charges will be revised in Annual Service Plan Updates. 3-Annual Installments are calculated assuming a 6.0%interest rate for the fast 2 years and a 5%interest rate for the next 28 years plus the Additional Interest plus Administrative Expenses. Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104735 S 1R-1 n/a $0 $0.00 $0.00 $0.00 R000105381 S 1R-2 50 $8,401 $579.26 $62.83 $642.09 R000105384 S 1R-3 50 $8,401 $579.26 $62.83 $642.09 R000105385 S 1R-4 50 $8,401 $579.26 $62.83 $642.09 R000105386 S 1R-5 50 $8,401 $579.26 $62.83 $642.09 R000105388 S 1R-6 50 $8,401 $579.26 $62.83 $642.09 R000105389 S 1R-7 50 $8,401 $579.26 $62.83 $642.09 R000105390 S 1R-8 50 $8,401 $579.26 $62.83 $642.09 R000105391 S 1R-9 50 $8,401 $579.26 $62.83 $642.09 R000105392 S 1R-10 50 $8,401 $579.26 $62.83 $642.09 R000105393 S 1R-11 50 $8,401 $579.26 $62.83 $642.09 R000105394 S 1R-12 50 $8,401 $579.26 $62.83 $642.09 R000105395 S 1R-13 50 $8,401 $579.26 $62.83 $642.09 R000105396 S 1R-14 70 $13,175 $908.41 $98.53 $1,006.94 R000105397 S 1R-15 70 $13,175 $908.41 $98.53 $1,006.94 R000105398 S 1R-16 50 $8,401 $579.26 $62.83 $642.09 R000105372 H 5R-2 50 $8,401 $579.26 $62.83 $642.09 R000105373 H 5R-3 50 $8,401 $579.26 $62.83 $642.09 R000105374 H 5R-4 50 $8,401 $579.26 $62.83 $642.09 R000105375 H 5R-5 50 $8,401 $579.26 $62.83 $642.09 R000105376 H 5R-6 50 $8,401 $579.26 $62.83 $642.09 R000105377 H 5R-7 50 $8,401 $579.26 $62.83 $642.09 R000105378 H 5R-8 50 $8,401 $579.26 $62.83 $642.09 R000105379 H 5R-9 50 $8,401 $579.26 $62.83 $642.09 R000104591 H 5R-1 60 $10,340 $712.91 $77.33 $790.24 R000104787 V 7R-1 70 $13,175 $908.41 $98.53 $1,006.94 R000104476 A 2 35 $6,758 $465.97 $50.54 $516.52 R000104477 A 3 35 $6,758 $465.97 $50.54 $516.52 R000104478 A 4 35 $6,758 $465.97 $50.54 $516.52 R000104479 A 5 35 $6,758 $465.97 $50.54 $516.52 R000104480 A 6 35 $6,758 $465.97 $50.54 $516.52 R000104481 A 7 35 $6,758 $465.97 $50.54 $516.52 R000105826 A 1 50 $8,401 $579.26 $62.83 $642.09 R000104482 A 8 50 $8,401 $579.26 $62.83 $642.09 R000104483 A 9 50 $8,401 $579.26 $62.83 $642.09 R000104484 A 10 50 $8,401 $579.26 $62.83 $642.09 R000104485 A 11 50 $8,401 $579.26 $62.83 $642.09 R000104486 A 12 50 $8,401 $579.26 $62.83 $642.09 R000104487 A 13 50 $8,401 $579.26 $62.83 $642.09 R000104488 A 14 50 $8,401 $579.26 $62.83 $642.09 R000104489 A 15 50 $8,401 $579.26 $62.83 $642.09 R000104490 A 16 50 $8,401 $579.26 $62.83 $642.09 R000104491 A 17 50 $8,401 $579.26 $62.83 $642.09 R000104492 A 18 50 $8,401 $579.26 $62.83 $642.09 R000104500 A 26 50 $8,401 $579.26 $62.83 $642.09 A-2(1) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104501 A 27 50 $8,401 $579.26 $62.83 $642.09 R000104502 A 28 50 $8,401 $579.26 $62.83 $642.09 R000104503 A 29 50 $8,401 $579.26 $62.83 $642.09 R000104504 A 30 50 $8,401 $579.26 $62.83 $642.09 R000104505 A 31 50 $8,401 $579.26 $62.83 $642.09 R000104506 A 32 50 $8,401 $579.26 $62.83 $642.09 R000104507 A 33 50 $8,401 $579.26 $62.83 $642.09 R000104494 A 20 60 $10,340 $712.91 $77.33 $790.24 R000104495 A 21 60 $10,340 $712.91 $77.33 $790.24 R000104496 A 22 60 $10,340 $712.91 $77.33 $790.24 R000104497 A 23 60 $10,340 $712.91 $77.33 $790.24 R000104498 A 24 60 $10,340 $712.91 $77.33 $790.24 R000104499 A 25 60 $10,340 $712.91 $77.33 $790.24 R000104867 AA 2 50 $8,401 $579.26 $62.83 $642.09 R000104868 AA 3 50 $8,401 $579.26 $62.83 $642.09 R000104870 AA 5 50 $8,401 $579.26 $62.83 $642.09 R000104853 AA 6 50 $8,401 $579.26 $62.83 $642.09 R000104872 AA 7 50 $8,401 $579.26 $62.83 $642.09 R000104873 AA 8 50 $8,401 $579.26 $62.83 $642.09 R000104866 AA 1 60 $10,340 $712.91 $77.33 $790.24 R000104869 AA 4 60 $10,340 $712.91 $77.33 $790.24 R000103989 AB 1 50 $8,401 $579.26 $62.83 $642.09 R000103990 AB 2 50 $8,401 $579.26 $62.83 $642.09 R000103991 AB 3 50 $8,401 $579.26 $62.83 $642.09 R000103992 AB 4 50 $8,401 $579.26 $62.83 $642.09 R000103993 AB 5 50 $8,401 $579.26 $62.83 $642.09 R000104877 AB 10 50 $8,401 $579.26 $62.83 $642.09 R000104878 AB 11 50 $8,401 $579.26 $62.83 $642.09 R000104879 AB 12 50 $8,401 $579.26 $62.83 $642.09 R000104883 AB 16 50 $8,401 $579.26 $62.83 $642.09 R000104880 AB 13 60 $10,340 $712.91 $77.33 $790.24 R000104881 AB 14 60 $10,340 $712.91 $77.33 $790.24 R000103994 AB 6 60 $10,340 $712.91 $77.33 $790.24 R000104874 AB 7 60 $10,340 $712.91 $77.33 $790.24 R000104875 AB 8 60 $10,340 $712.91 $77.33 $790.24 R000104876 AB 9 60 $10,340 $712.91 $77.33 $790.24 R000104882 AB 15 60 $10,340 $712.91 $77.33 $790.24 R000104884 AC 1 50 $8,401 $579.26 $62.83 $642.09 R000104885 AC 2 50 $8,401 $579.26 $62.83 $642.09 R000104886 AC 3 50 $8,401 $579.26 $62.83 $642.09 R000104890 AC 7 50 $8,401 $579.26 $62.83 $642.09 R000104891 AC 8 50 $8,401 $579.26 $62.83 $642.09 R000104892 AC 9 50 $8,401 $579.26 $62.83 $642.09 R000104893 AC 10 50 $8,401 $579.26 $62.83 $642.09 R000104894 AC 11 50 $8,401 $579.26 $62.83 $642.09 A-2(2) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104887 AC 4 60 $10,340 $712.91 $77.33 $790.24 R000104888 AC 5 60 $10,340 $712.91 $77.33 $790.24 R000104889 AC 6 60 $10,340 $712.91 $77.33 $790.24 R000104895 AC 12 60 $10,340 $712.91 $77.33 $790.24 R000104896 AC 13 60 $10,340 $712.91 $77.33 $790.24 R000104897 AD 1 50 $8,401 $579.26 $62.83 $642.09 R000104898 AD 2 50 $8,401 $579.26 $62.83 $642.09 R000104899 AD 3 50 $8,401 $579.26 $62.83 $642.09 R000104900 AD 4 50 $8,401 $579.26 $62.83 $642.09 R000104901 AD 5 50 $8,401 $579.26 $62.83 $642.09 R000104902 AD 6 50 $8,401 $579.26 $62.83 $642.09 R000104903 AD 7 50 $8,401 $579.26 $62.83 $642.09 R000104904 AD 8 50 $8,401 $579.26 $62.83 $642.09 R000104906 AF 1 50 $8,401 $579.26 $62.83 $642.09 R000104907 AF 2 50 $8,401 $579.26 $62.83 $642.09 R000104908 AF 3 50 $8,401 $579.26 $62.83 $642.09 R000104909 AF 4 50 $8,401 $579.26 $62.83 $642.09 R000104910 AF 5 50 $8,401 $579.26 $62.83 $642.09 R000 1 049 1 1 AF 6 50 $8,401 $579.26 $62.83 $642.09 R000104913 AF 8 50 $8,401 $579.26 $62.83 $642.09 R000104912 AF 7 60 $10,340 $712.91 $77.33 $790.24 R000104914 AG 1 50 $8,401 $579.26 $62.83 $642.09 R000104915 AG 2 50 $8,401 $579.26 $62.83 $642.09 R000104916 AG 3 50 $8,401 $579.26 $62.83 $642.09 R000104918 AG 5 50 $8,401 $579.26 $62.83 $642.09 R000104919 AG 6 50 $8,401 $579.26 $62.83 $642.09 R000104920 AG 7 50 $8,401 $579.26 $62.83 $642.09 R000104921 AG 8 50 $8,401 $579.26 $62.83 $642.09 R000104922 AG 9 50 $8,401 $579.26 $62.83 $642.09 R000104923 AG 10 60 $10,340 $712.91 $77.33 $790.24 R000104924 AG 11 70 $13,175 $908.41 $98.53 $1,006.94 R000104925 AG 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104931 AH 6 50 $8,401 $579.26 $62.83 $642.09 R000104932 AH 7 50 $8,401 $579.26 $62.83 $642.09 R000104933 AH 8 50 $8,401 $579.26 $62.83 $642.09 R000104934 AH 9 50 $8,401 $579.26 $62.83 $642.09 R000104937 AH 12 50 $8,401 $579.26 $62.83 $642.09 R000104938 AH 13 50 $8,401 $579.26 $62.83 $642.09 R000104939 AH 14 50 $8,401 $579.26 $62.83 $642.09 R000104943 AH 18 50 $8,401 $579.26 $62.83 $642.09 R000104944 AH 19 50 $8,401 $579.26 $62.83 $642.09 R000104945 AH 20 50 PREPAID PREPAID PREPAID PREPAID R000104947 AH 21 50 $8,401 $579.26 $62.83 $642.09 R000104948 AH 22 50 $8,401 $579.26 $62.83 $642.09 R000104949 AH 23 50 $8,401 $579.26 $62.83 $642.09 A-2(3) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104950 AH 24 50 $8,401 $579.26 $62.83 $642.09 R000104940 AH 15 60 $10,340 $712.91 $77.33 $790.24 R000104942 AH 17 60 $10,340 $712.91 $77.33 $790.24 R000104926 AH 1 60 $10,340 $712.91 $77.33 $790.24 R000104927 AH 2 60 $10,340 $712.91 $77.33 $790.24 R000104928 AH 3 60 $10,340 $712.91 $77.33 $790.24 R000104929 AH 4 60 $10,340 $712.91 $77.33 $790.24 R000104930 AH 5 60 $10,340 $712.91 $77.33 $790.24 R000104935 AH 10 60 $10,340 $712.91 $77.33 $790.24 R000104936 AH 11 60 $10,340 $712.91 $77.33 $790.24 R000104951 AH 25 60 $10,340 $712.91 $77.33 $790.24 R000104952 AH 26 60 $10,340 $712.91 $77.33 $790.24 R000104954 AH 28 60 $10,340 $712.91 $77.33 $790.24 R000104955 AH 29 60 $10,340 $712.91 $77.33 $790.24 R000104956 AH 30 60 $10,340 $712.91 $77.33 $790.24 R000104957 AH 31 60 $10,340 $712.91 $77.33 $790.24 R000104958 AH 32 60 $10,340 $712.91 $77.33 $790.24 R000104959 AH 33 60 $10,340 $712.91 $77.33 $790.24 R000104953 AH 27 70 $13,175 $908.41 $98.53 $1,006.94 R000104960 AJ 1 60 $10,340 $712.91 $77.33 $790.24 R000104961 AJ 2 60 $10,340 $712.91 $77.33 $790.24 R000104962 AJ 3 60 $10,340 $712.91 $77.33 $790.24 R000104963 AJ 4 60 $10,340 $712.91 $77.33 $790.24 R000104964 AJ 5 60 $10,340 $712.91 $77.33 $790.24 R000104965 AJ 6 60 $10,340 $712.91 $77.33 $790.24 R000104986 AJ 22 60 $10,340 $712.91 $77.33 $790.24 R000104987 AJ 23 60 $10,340 $712.91 $77.33 $790.24 R000104988 AJ 24 60 $10,340 $712.91 $77.33 $790.24 R000104966 AJ 7 70 $13,175 $908.41 $98.53 $1,006.94 R000104968 AJ 9 70 $13,175 $908.41 $98.53 $1,006.94 R000104969 AJ 10 70 $13,175 $908.41 $98.53 $1,006.94 R000104970 AJ 11 70 $13,175 $908.41 $98.53 $1,006.94 R000104971 AJ 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104972 AJ 13 70 $13,175 $908.41 $98.53 $1,006.94 R000104973 AJ 14 70 $13,175 $908.41 $98.53 $1,006.94 R000104974 AJ 15 70 $13,175 $908.41 $98.53 $1,006.94 R000104980 AJ 16 70 $13,175 $908.41 $98.53 $1,006.94 R000104981 AJ 17 70 $13,175 $908.41 $98.53 $1,006.94 R000104982 AJ 18 70 $13,175 $908.41 $98.53 $1,006.94 R000104983 AJ 19 70 $13,175 $908.41 $98.53 $1,006.94 R000104984 AJ 20 70 $13,175 $908.41 $98.53 $1,006.94 R000104985 AJ 21 70 $13,175 $908.41 $98.53 $1,006.94 R000104989 AJ 25 70 $13,175 $908.41 $98.53 $1,006.94 R000104990 AJ 26 70 $13,175 $908.41 $98.53 $1,006.94 R000104991 AJ 27 70 $13,175 $908.41 $98.53 $1,006.94 A-2(4) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104992 AJ 28 70 $13,175 $908.41 $98.53 $1,006.94 R000104508 B 1 50 $8,401 $579.26 $62.83 $642.09 R000104509 B 2 50 $8,401 $579.26 $62.83 $642.09 R000104510 B 3 50 $8,401 $579.26 $62.83 $642.09 R000 1 045 1 1 B 4 50 $8,401 $579.26 $62.83 $642.09 R000104512 B 5 50 $8,401 $579.26 $62.83 $642.09 R000104513 B 6 50 $8,401 $579.26 $62.83 $642.09 R000 1 045 1 4 B 7 50 $8,401 $579.26 $62.83 $642.09 R000104515 B 8 50 $8,401 $579.26 $62.83 $642.09 R000104516 B 9 50 $8,401 $579.26 $62.83 $642.09 R000104517 B 10 50 $8,401 $579.26 $62.83 $642.09 R000104518 B 11 50 $8,401 $579.26 $62.83 $642.09 R000104519 B 12 50 $8,401 $579.26 $62.83 $642.09 R000104520 B 13 50 $8,401 $579.26 $62.83 $642.09 R000104521 B 14 50 $8,401 $579.26 $62.83 $642.09 R000104522 B 15 50 $8,401 $579.26 $62.83 $642.09 R000104523 B 16 50 $8,401 $579.26 $62.83 $642.09 R000104524 C 1 50 $8,401 $579.26 $62.83 $642.09 R000104525 C 2 50 $8,401 $579.26 $62.83 $642.09 R000104526 C 3 50 $8,401 $579.26 $62.83 $642.09 R000104527 C 4 50 $8,401 $579.26 $62.83 $642.09 R000104528 C 5 50 $8,401 $579.26 $62.83 $642.09 R000104529 C 6 50 $8,401 $579.26 $62.83 $642.09 R000104530 C 7 50 $8,401 $579.26 $62.83 $642.09 R000104531 C 8 50 $8,401 $579.26 $62.83 $642.09 R000104532 C 9 50 $8,401 $579.26 $62.83 $642.09 R000104533 C 10 50 $8,401 $579.26 $62.83 $642.09 R000104534 C 11 50 $8,401 $579.26 $62.83 $642.09 R000104535 C 12 50 $8,401 $579.26 $62.83 $642.09 R000104536 C 13 50 $8,401 $579.26 $62.83 $642.09 R000104537 C 14 50 $8,401 $579.26 $62.83 $642.09 R000104538 C 15 50 $8,401 $579.26 $62.83 $642.09 R000104539 C 16 50 $8,401 $579.26 $62.83 $642.09 R000104540 D 1 60 $10,340 $712.91 $77.33 $790.24 R000104541 D 2 60 $10,340 $712.91 $77.33 $790.24 R000104542 D 3 60 $10,340 $712.91 $77.33 $790.24 R000104543 D 4 60 $10,340 $712.91 $77.33 $790.24 R000104544 D 5 60 $10,340 $712.91 $77.33 $790.24 R000104545 D 6 60 PREPAID PREPAID PREPAID PREPAID R000104546 D 7 60 $10,340 $712.91 $77.33 $790.24 R000104547 D 8 60 $10,340 $712.91 $77.33 $790.24 R000104548 D 9 60 $10,340 $712.91 $77.33 $790.24 R000104549 D 10 60 $10,340 $712.91 $77.33 $790.24 R000104550 E 1 50 $8,401 $579.26 $62.83 $642.09 R000104551 E 2 50 $8,401 $579.26 $62.83 $642.09 A-2(5) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104552 E 3 50 $8,401 $579.26 $62.83 $642.09 R000104553 E 4 50 $8,401 $579.26 $62.83 $642.09 R000104555 E 6 60 $10,340 $712.91 $77.33 $790.24 R000104556 E 7 60 $10,340 $712.91 $77.33 $790.24 R000104554 E 5 60 $10,340 $712.91 $77.33 $790.24 R000104562 F 9 35 $6,758 $465.97 $50.54 $516.52 R000104563 F 10 35 $6,758 $465.97 $50.54 $516.52 R000104564 F 11 35 $6,758 $465.97 $50.54 $516.52 R000104565 F 12 35 $6,758 $465.97 $50.54 $516.52 R000104566 F 13 35 $6,758 $465.97 $50.54 $516.52 R000104567 F 14 35 $6,758 $465.97 $50.54 $516.52 R000103953 F 1 50 $8,401 $579.26 $62.83 $642.09 R000103954 F 2 50 $8,401 $579.26 $62.83 $642.09 R000104558 F 5 50 $8,401 $579.26 $62.83 $642.09 R000104559 F 6 50 $8,401 $579.26 $62.83 $642.09 R000104560 F 7 50 $8,401 $579.26 $62.83 $642.09 R000104561 F 8 50 $8,401 $579.26 $62.83 $642.09 R000103955 F 3 70 $13,175 $908.41 $98.53 $1,006.94 R000103956 F 4 70 $13,175 $908.41 $98.53 $1,006.94 R000104574 G 8 50 $8,401 $579.26 $62.83 $642.09 R000104575 G 9 50 $8,401 $579.26 $62.83 $642.09 R000104576 G 10 50 $8,401 $579.26 $62.83 $642.09 R000104577 G 11 50 $8,401 $579.26 $62.83 $642.09 R000104578 G 12 50 $8,401 $579.26 $62.83 $642.09 R000104579 G 13 50 $8,401 $579.26 $62.83 $642.09 R000104580 G 14 50 $8,401 $579.26 $62.83 $642.09 R000104582 G 16 50 $8,401 $579.26 $62.83 $642.09 R000104583 G 17 50 $8,401 $579.26 $62.83 $642.09 R000104584 G 18 50 $8,401 $579.26 $62.83 $642.09 R000104585 G 19 50 $8,401 $579.26 $62.83 $642.09 R000103952 G 1 60 $10,340 $712.91 $77.33 $790.24 R000104568 G 2 60 $10,340 $712.91 $77.33 $790.24 R000104569 G 3 60 $10,340 $712.91 $77.33 $790.24 R000104570 G 4 60 $10,340 $712.91 $77.33 $790.24 R000104571 G 5 60 $10,340 $712.91 $77.33 $790.24 R000104572 G 6 60 $10,340 $712.91 $77.33 $790.24 R000104573 G 7 60 $10,340 $712.91 $77.33 $790.24 R000104586 G 20 60 $10,340 $712.91 $77.33 $790.24 R000104620 H 34 50 $8,401 $579.26 $62.83 $642.09 R000104621 H 35 50 $8,401 $579.26 $62.83 $642.09 R000104622 H 36 50 $8,401 $579.26 $62.83 $642.09 R000104623 H 37 50 $8,401 $579.26 $62.83 $642.09 R000104624 H 38 50 $8,401 $579.26 $62.83 $642.09 R000104625 H 39 50 $8,401 $579.26 $62.83 $642.09 R000104626 H 40 50 $8,401 $579.26 $62.83 $642.09 A-2(6) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104587 H 1 60 $10,340 $712.91 $77.33 $790.24 R000104588 H 2 60 $10,340 $712.91 $77.33 $790.24 R000104589 H 3 60 $10,340 $712.91 $77.33 $790.24 R000104590 H 4 60 $10,340 $712.91 $77.33 $790.24 R000104592 H 6 60 $10,340 $712.91 $77.33 $790.24 R000104593 H 7 60 $10,340 $712.91 $77.33 $790.24 R000104602 H 16 60 $10,340 $712.91 $77.33 $790.24 R000104603 H 17 60 $10,340 $712.91 $77.33 $790.24 R000104604 H 18 60 $10,340 $712.91 $77.33 $790.24 R000104605 H 19 60 $10,340 $712.91 $77.33 $790.24 R000104606 H 20 60 $10,340 $712.91 $77.33 $790.24 R000104607 H 21 60 $10,340 $712.91 $77.33 $790.24 R000104608 H 22 60 $10,340 $712.91 $77.33 $790.24 R000104609 H 23 60 $10,340 $712.91 $77.33 $790.24 R000104610 H 24 60 $10,340 $712.91 $77.33 $790.24 R000 1 046 1 1 H 25 60 $10,340 $712.91 $77.33 $790.24 R000104612 H 26 60 $10,340 $712.91 $77.33 $790.24 R000104613 H 27 60 $10,340 $712.91 $77.33 $790.24 R000104614 H 28 60 $10,340 $712.91 $77.33 $790.24 R000104615 H 29 60 $10,340 $712.91 $77.33 $790.24 R000104616 H 30 60 $10,340 $712.91 $77.33 $790.24 R000104617 H 31 60 $10,340 $712.91 $77.33 $790.24 R000104618 H 32 60 $10,340 $712.91 $77.33 $790.24 R000104619 H 33 60 $10,340 $712.91 $77.33 $790.24 R000104594 H 8 70 $13,175 $908.41 $98.53 $1,006.94 R000104595 H 9 70 $13,175 $908.41 $98.53 $1,006.94 R000104596 H 10 70 $13,175 $908.41 $98.53 $1,006.94 R000104597 H 11 70 $13,175 $908.41 $98.53 $1,006.94 R000104598 H 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104599 H 13 70 $13,175 $908.41 $98.53 $1,006.94 R000104600 H 14 70 $13,175 $908.41 $98.53 $1,006.94 R000104601 H 15 70 $13,175 $908.41 $98.53 $1,006.94 R000104651 J 16 50 $8,401 $579.26 $62.83 $642.09 R000104652 J 17 50 $8,401 $579.26 $62.83 $642.09 R000104653 J 18 50 $8,401 $579.26 $62.83 $642.09 R000104654 J 19 50 $8,401 $579.26 $62.83 $642.09 R000104627 J 1 60 $10,340 $712.91 $77.33 $790.24 R000104628 J 2 60 $10,340 $712.91 $77.33 $790.24 R000104629 J 3 60 $10,340 $712.91 $77.33 $790.24 R000104630 J 4 60 $10,340 $712.91 $77.33 $790.24 R000104634 J 8 60 $10,340 $712.91 $77.33 $790.24 R000104635 J 9 60 $10,340 $712.91 $77.33 $790.24 R000104636 J 10 60 $10,340 $712.91 $77.33 $790.24 R000104637 J 11 60 $10,340 $712.91 $77.33 $790.24 R000104638 J 12 60 $10,340 $712.91 $77.33 $790.24 A-2(7) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104639 J 13 60 $10,340 $712.91 $77.33 $790.24 R000104650 J 15 60 $10,340 $712.91 $77.33 $790.24 R000104655 J 20 60 $10,340 $712.91 $77.33 $790.24 R000104656 J 21 60 $10,340 $712.91 $77.33 $790.24 R000 1 0463 1 J 5 70 $13,175 $908.41 $98.53 $1,006.94 R000104632 J 6 70 PREPAID PREPAID PREPAID PREPAID R000104657 J 22 70 $13,175 $908.41 $98.53 $1,006.94 R000104658 J 23 70 $13,175 $908.41 $98.53 $1,006.94 R000104660 K 1 60 $10,340 $712.91 $77.33 $790.24 R000104670 K 11 60 $10,340 $712.91 $77.33 $790.24 R000104671 K 12 60 $10,340 $712.91 $77.33 $790.24 R000104672 K 13 60 $10,340 $712.91 $77.33 $790.24 R000104673 K 14 60 $10,340 $712.91 $77.33 $790.24 R000104661 K 2 70 $13,175 $908.41 $98.53 $1,006.94 R000104662 K 3 70 $13,175 $908.41 $98.53 $1,006.94 R000104663 K 4 70 $13,175 $908.41 $98.53 $1,006.94 R000104665 K 6 70 $13,175 $908.41 $98.53 $1,006.94 R000104666 K 7 70 $13,175 $908.41 $98.53 $1,006.94 R000104667 K 8 70 $13,175 $908.41 $98.53 $1,006.94 R000104668 K 9 70 $13,175 $908.41 $98.53 $1,006.94 R000104669 K 10 70 $13,175 $908.41 $98.53 $1,006.94 R000104678 L 5 35 $6,758 $465.97 $50.54 $516.52 R000104679 L 6 35 $6,758 $465.97 $50.54 $516.52 R000104680 L 7 35 $6,758 $465.97 $50.54 $516.52 R000104681 L 8 35 $6,758 $465.97 $50.54 $516.52 R000104682 L 9 35 $6,758 $465.97 $50.54 $516.52 R000104683 L 10 35 $6,758 $465.97 $50.54 $516.52 R000104684 L 11 35 $6,758 $465.97 $50.54 $516.52 R000104685 L 12 35 $6,758 $465.97 $50.54 $516.52 R000104686 L 13 35 $6,758 $465.97 $50.54 $516.52 R000104687 L 14 35 $6,758 $465.97 $50.54 $516.52 R000104689 L 16 35 $6,758 $465.97 $50.54 $516.52 R000104690 L 17 35 $6,758 $465.97 $50.54 $516.52 R000104691 L 18 35 $6,758 $465.97 $50.54 $516.52 R000104692 L 19 35 $6,758 $465.97 $50.54 $516.52 R000104693 L 20 35 $6,758 $465.97 $50.54 $516.52 R000104694 L 21 35 $6,758 $465.97 $50.54 $516.52 R000104674 L 1 60 $10,340 $712.91 $77.33 $790.24 R000104675 L 2 60 $10,340 $712.91 $77.33 $790.24 R000104676 L 3 60 $10,340 $712.91 $77.33 $790.24 R000104677 L 4 60 $10,340 $712.91 $77.33 $790.24 R000104696 L 23 60 $10,340 $712.91 $77.33 $790.24 R000104697 L 24 60 $10,340 $712.91 $77.33 $790.24 R000104698 L 25 60 $10,340 $712.91 $77.33 $790.24 R000104699 L 26 60 $10,340 $712.91 $77.33 $790.24 A-2(8) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104700 L 27 60 $10,340 $712.91 $77.33 $790.24 R000104701 L 28 60 $10,340 $712.91 $77.33 $790.24 R000104702 L 29 60 $10,340 $712.91 $77.33 $790.24 R000104703 L 30 60 $10,340 $712.91 $77.33 $790.24 R000104704 L 31 60 $10,340 $712.91 $77.33 $790.24 R000104705 L 32 60 $10,340 $712.91 $77.33 $790.24 R000104706 L 33 60 $10,340 $712.91 $77.33 $790.24 R000104707 L 34 60 $10,340 $712.91 $77.33 $790.24 R000104709 M 9 50 $8,401 $579.26 $62.83 $642.09 R000104710 M 10 50 $8,401 $579.26 $62.83 $642.09 R000103961 M 5 60 $10,340 $712.91 $77.33 $790.24 R000103962 M 6 60 $10,340 $712.91 $77.33 $790.24 R000103958 M 2 60 $10,340 $712.91 $77.33 $790.24 R000103959 M 3 60 $10,340 $712.91 $77.33 $790.24 R000103960 M 4 60 $10,340 $712.91 $77.33 $790.24 R000104708 M 8 60 $10,340 $712.91 $77.33 $790.24 R000103957 M 1 70 $13,175 $908.41 $98.53 $1,006.94 R000103965 P 1 50 $8,401 $579.26 $62.83 $642.09 R000103966 P 2 50 $8,401 $579.26 $62.83 $642.09 R000103967 P 3 50 $8,401 $579.26 $62.83 $642.09 R000103968 P 4 50 $8,401 $579.26 $62.83 $642.09 R000103969 P 5 50 $8,401 $579.26 $62.83 $642.09 R000103972 P 8 50 $8,401 $579.26 $62.83 $642.09 R000103973 P 9 50 $8,401 $579.26 $62.83 $642.09 R000103974 P 10 50 $8,401 $579.26 $62.83 $642.09 R000103975 P 11 50 $8,401 $579.26 $62.83 $642.09 R000103976 P 12 50 $8,401 $579.26 $62.83 $642.09 R000103970 P 6 60 $10,340 $712.91 $77.33 $790.24 R000103977 P 13 60 $10,340 $712.91 $77.33 $790.24 R000103978 P 14 60 $10,340 $712.91 $77.33 $790.24 R000103979 P 15 60 $10,340 $712.91 $77.33 $790.24 R000103971 P 7 60 $10,340 $712.91 $77.33 $790.24 R000103980 Q 1 60 $10,340 $712.91 $77.33 $790.24 R000103981 Q 2 60 $10,340 $712.91 $77.33 $790.24 R000103982 Q 3 60 $10,340 $712.91 $77.33 $790.24 R000103983 Q 4 70 $13,175 $908.41 $98.53 $1,006.94 R000103984 Q 5 70 PREPAID PREPAID PREPAID PREPAID R000103987 R 2 50 $8,401 $579.26 $62.83 $642.09 R000 1 047 1 1 R 4 50 $8,401 $579.26 $62.83 $642.09 R000104712 R 5 50 $8,401 $579.26 $62.83 $642.09 R000104713 R 6 50 $8,401 $579.26 $62.83 $642.09 R000104714 R 7 50 $8,401 $579.26 $62.83 $642.09 R000104716 R 9 50 $8,401 $579.26 $62.83 $642.09 R000104717 R 10 50 $8,401 $579.26 $62.83 $642.09 R000104718 R 11 50 $8,401 $579.26 $62.83 $642.09 A-2(9) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104719 R 12 50 $8,401 $579.26 $62.83 $642.09 R000104720 R 13 50 $8,401 $579.26 $62.83 $642.09 R000104721 R 14 50 PREPAID PREPAID PREPAID PREPAID R000104727 R 20 50 $8,401 $579.26 $62.83 $642.09 R000104728 R 21 50 $8,401 $579.26 $62.83 $642.09 R000104729 R 22 50 $8,401 $579.26 $62.83 $642.09 R000104730 R 23 50 $8,401 $579.26 $62.83 $642.09 R000104731 R 24 50 $8,401 $579.26 $62.83 $642.09 R000104732 R 25 50 $8,401 $579.26 $62.83 $642.09 R000103986 R 1 60 $10,340 $712.91 $77.33 $790.24 R000103988 R 3 60 $10,340 $712.91 $77.33 $790.24 R000104722 R 15 60 $10,340 $712.91 $77.33 $790.24 R000104723 R 16 60 $10,340 $712.91 $77.33 $790.24 R000104724 R 17 60 $10,340 $712.91 $77.33 $790.24 R000104725 R 18 60 $10,340 $712.91 $77.33 $790.24 R000105070 R 19 60 $10,340 $712.91 $77.33 $790.24 R000104733 R 26 60 $10,340 $712.91 $77.33 $790.24 R000104734 R 27 60 $10,340 $712.91 $77.33 $790.24 R000104737 S 3 70 $13,175 $908.41 $98.53 $1,006.94 R000104738 S 4 70 $13,175 $908.41 $98.53 $1,006.94 R000104739 S 5 70 $13,175 $908.41 $98.53 $1,006.94 R000104740 S 6 70 $13,175 $908.41 $98.53 $1,006.94 R000104741 S 7 70 $13,175 $908.41 $98.53 $1,006.94 R000104742 S 8 70 $13,175 $908.41 $98.53 $1,006.94 R000104743 S 9 70 $13,175 $908.41 $98.53 $1,006.94 R000104736 S 2 70 $13,175 $908.41 $98.53 $1,006.94 R000104744 S 10 70 $13,175 $908.41 $98.53 $1,006.94 R000104745 S 11 70 $13,175 $908.41 $98.53 $1,006.94 R000104746 S 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104747 S 13 70 $13,175 $908.41 $98.53 $1,006.94 R000104748 S 14 70 $13,175 $908.41 $98.53 $1,006.94 R000104749 S 15 70 $13,175 $908.41 $98.53 $1,006.94 R000104750 S 16 70 PREPAID PREPAID PREPAID PREPAID R000104751 S 17 70 $13,175 $908.41 $98.53 $1,006.94 R000104752 S 18 70 $13,175 $908.41 $98.53 $1,006.94 R000104753 S 19 70 $13,175 $908.41 $98.53 $1,006.94 R000104754 S 20 70 $13,175 $908.41 $98.53 $1,006.94 R000104755 S 21 70 $13,175 $908.41 $98.53 $1,006.94 R000104756 S 22 70 PREPAID PREPAID PREPAID PREPAID R000104757 S 23 70 $13,175 $908.41 $98.53 $1,006.94 R000104758 S 24 70 $13,175 $908.41 $98.53 $1,006.94 R000104759 S 25 70 $13,175 $908.41 $98.53 $1,006.94 R000104768 U 8 50 $8,401 $579.26 $62.83 $642.09 R000104769 U 9 50 $8,401 $579.26 $62.83 $642.09 R000104770 U 10 50 $8,401 $579.26 $62.83 $642.09 A-2(10) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104771 U 11 50 $8,401 $579.26 $62.83 $642.09 R000104772 U 12 50 $8,401 $579.26 $62.83 $642.09 R000104761 U 1 60 $10,340 $712.91 $77.33 $790.24 R000104762 U 2 60 $10,340 $712.91 $77.33 $790.24 R000104763 U 3 60 $10,340 $712.91 $77.33 $790.24 R000104765 U 5 60 $10,340 $712.91 $77.33 $790.24 R000104766 U 6 60 $10,340 $712.91 $77.33 $790.24 R000104767 U 7 60 $10,340 $712.91 $77.33 $790.24 R000104773 U 13 60 PREPAID PREPAID PREPAID PREPAID R000104774 U 14 60 $10,340 $712.91 $77.33 $790.24 R000104775 U 15 60 $10,340 $712.91 $77.33 $790.24 R000104776 U 16 60 $10,340 $712.91 $77.33 $790.24 R000104777 U 17 60 $10,340 $712.91 $77.33 $790.24 R000104778 U 18 60 $10,340 $712.91 $77.33 $790.24 R000104779 U 19 60 $10,340 $712.91 $77.33 $790.24 R000104780 U 20 60 $10,340 $712.91 $77.33 $790.24 R000104784 V 4 60 PREPAID PREPAID PREPAID PREPAID R000104785 V 5 60 $10,340 $712.91 $77.33 $790.24 R000104786 V 6 60 $10,340 $712.91 $77.33 $790.24 R000104800 V 20 60 $10,340 $712.91 $77.33 $790.24 R000104801 V 21 60 $10,340 $712.91 $77.33 $790.24 R000104802 V 22 60 $10,340 $712.91 $77.33 $790.24 R000104781 V 1 70 $13,175 $908.41 $98.53 $1,006.94 R000104782 V 2 70 $13,175 $908.41 $98.53 $1,006.94 R000104783 V 3 70 $13,175 $908.41 $98.53 $1,006.94 R000104788 V 8 70 $13,175 $908.41 $98.53 $1,006.94 R000104789 V 9 70 $13,175 $908.41 $98.53 $1,006.94 R000104790 V 10 70 $13,175 $908.41 $98.53 $1,006.94 R000104791 V 11 70 $13,175 $908.41 $98.53 $1,006.94 R000104792 V 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104793 V 13 70 $13,175 $908.41 $98.53 $1,006.94 R000104794 V 14 70 $13,175 $908.41 $98.53 $1,006.94 R000104795 V 15 70 $13,175 $908.41 $98.53 $1,006.94 R000104796 V 16 70 $13,175 $908.41 $98.53 $1,006.94 R000104797 V 17 70 $13,175 $908.41 $98.53 $1,006.94 R000104798 V 18 70 $13,175 $908.41 $98.53 $1,006.94 R000104799 V 19 70 $13,175 $908.41 $98.53 $1,006.94 R000104803 W 1 70 $13,175 $908.41 $98.53 $1,006.94 R000104804 W 2 70 $13,175 $908.41 $98.53 $1,006.94 R000104805 W 3 70 $13,175 $908.41 $98.53 $1,006.94 R000104806 W 4 70 $13,175 $908.41 $98.53 $1,006.94 R000104808 W 6 70 $13,175 $908.41 $98.53 $1,006.94 R000104809 W 7 70 $13,175 $908.41 $98.53 $1,006.94 R000104810 W 8 70 $13,175 $908.41 $98.53 $1,006.94 R000104807 W 5 70 $13,175 $908.41 $98.53 $1,006.94 A-2(11) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104812 X 2 50 $8,401 $579.26 $62.83 $642.09 R000104813 X 3 50 $8,401 $579.26 $62.83 $642.09 R000104815 X 5 50 $8,401 $579.26 $62.83 $642.09 R000104816 X 6 50 $8,401 $579.26 $62.83 $642.09 R000104817 X 7 50 $8,401 $579.26 $62.83 $642.09 R000104818 X 8 50 $8,401 $579.26 $62.83 $642.09 R000104811 X 1 60 $10,340 $712.91 $77.33 $790.24 R000104814 X 4 60 $10,340 $712.91 $77.33 $790.24 R000104819 X 9 60 $10,340 $712.91 $77.33 $790.24 R000104820 X 10 60 $10,340 $712.91 $77.33 $790.24 R000104821 X 11 60 $10,340 $712.91 $77.33 $790.24 R000104822 X 12 70 $13,175 $908.41 $98.53 $1,006.94 R000104823 X 13 70 $13,175 $908.41 $98.53 $1,006.94 R000104824 Y 1 50 $8,401 $579.26 $62.83 $642.09 R000104825 Y 2 50 $8,401 $579.26 $62.83 $642.09 R000104828 Y 5 50 $8,401 $579.26 $62.83 $642.09 R000104829 Y 6 50 $8,401 $579.26 $62.83 $642.09 R000104830 Y 7 50 $8,401 $579.26 $62.83 $642.09 R000104832 Y 9 50 $8,401 $579.26 $62.83 $642.09 R000104833 Y 10 50 $8,401 $579.26 $62.83 $642.09 R000104834 Y 11 50 $8,401 $579.26 $62.83 $642.09 R000104835 Y 12 50 $8,401 $579.26 $62.83 $642.09 R000104836 Y 13 50 $8,401 $579.26 $62.83 $642.09 R000104837 Y 14 50 $8,401 $579.26 $62.83 $642.09 R000104838 Y 15 50 $8,401 $579.26 $62.83 $642.09 R000104839 Y 16 50 $8,401 $579.26 $62.83 $642.09 R000104840 Y 17 50 $8,401 $579.26 $62.83 $642.09 R000104841 Y 18 50 $8,401 $579.26 $62.83 $642.09 R000104842 Y 19 50 $8,401 $579.26 $62.83 $642.09 R000104843 Y 20 50 $8,401 $579.26 $62.83 $642.09 R000104844 Y 21 50 $8,401 $579.26 $62.83 $642.09 R000104845 Y 22 50 PREPAID PREPAID PREPAID PREPAID R000104826 Y 3 60 $10,340 $712.91 $77.33 $790.24 R000104827 Y 4 60 $10,340 $712.91 $77.33 $790.24 R000104846 Y 23 60 $10,340 $712.91 $77.33 $790.24 R000104847 Z 1 50 $8,401 $579.26 $62.83 $642.09 R000104848 Z 2 50 $8,401 $579.26 $62.83 $642.09 R000104849 Z 3 50 $8,401 $579.26 $62.83 $642.09 R000104850 Z 4 50 $8,401 $579.26 $62.83 $642.09 R000104851 Z 5 50 $8,401 $579.26 $62.83 $642.09 R000104852 Z 6 50 $8,401 $579.26 $62.83 $642.09 R000105077 Z 7 50 $8,401 $579.26 $62.83 $642.09 R000104854 Z 8 50 $8,401 $579.26 $62.83 $642.09 R000104855 Z 9 50 $8,401 $579.26 $62.83 $642.09 R000104858 Z 11 50 $8,401 $579.26 $62.83 $642.09 A-2(12) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000104859 Z 12 50 $8,401 $579.26 $62.83 $642.09 R000104860 Z 13 50 $8,401 $579.26 $62.83 $642.09 R000104861 Z 14 50 $8,401 $579.26 $62.83 $642.09 R000104862 Z 15 50 $8,401 $579.26 $62.83 $642.09 R000104863 Z 16 50 $8,401 $579.26 $62.83 $642.09 R000104856 Z 10 60 $10,340 $712.91 $77.33 $790.24 R000104864 Z 17 60 $10,340 $712.91 $77.33 $790.24 R000104865 Z 18 60 $10,340 $712.91 $77.33 $790.24 R000108214 C 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108215 C 4 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108216 C 5 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108217 C 6 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108218 C 7 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108219 C 8 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108220 C 9 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108221 C 10 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108222 C 11 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108223 C 12 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108224 C 13 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108225 C 14 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108226 C 15 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108231 E 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108232 E 2 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108233 E 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108234 E 4 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108235 E 5 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108236 E 6 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108237 E 7 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108238 E 8 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108239 E 9 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108241 G 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108243 H 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108244 H 2 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108245 H 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108246 J 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108247 J 2 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108248 J 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108249 J 4 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108250 J 5 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108251 J 6 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108252 J 7 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108253 J 8 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108255 K 2 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108256 K 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108257 L 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 A-2(13) Appendix A-2 Improvement Area 91 Assessment Roll-Summary Fiscal Year 2021 Outstanding Annual Administrative Annual Parcel ID Block Lot Lot Size Assessment Assessment Expense Installment R000108258 L 2 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108259 L 3 Custom $21,850 $1,506.58 $163.41 $1,669.99 R000108260 M 1 Custom $21,850 $1,506.58 $163.41 $1,669.99 Total $6,135,149.85 $423,016.90 $45,883.10 $468,900.00 A-2(14) APPENDIX A-2 IMPROVEMENT AREA#2 ASSESSMENT ROLL Appendix A-2 Improvement Area #2 Assessment Roll Parcel All Parcels Units Assessment $5,850,000 Total Net Debt Administrative Annual Year 1 Principal Interest Service Expenses Installment3 9/l/2021 $93,957 $270,270 $364,227 $55,526 $419,754 9/1/2022 $98,298 $265,929 $364,227 $55,526 $419,754 9/l/2023 $102,840 $261,388 $364,227 $55,526 $419,754 9/1/2024 $107,591 $256,637 $364,227 $55,526 $419,754 9/l/2025 $112,562 $251,666 $364,227 $55,526 $419,754 9/1/2026 $117,762 $246,466 $364,227 $55,526 $419,754 9/l/2027 $123,202 $241,025 $364,227 $55,526 $419,754 9/1/2028 $128,894 $235,333 $364,227 $55,526 $419,754 9/l/2029 $134,849 $229,378 $364,227 $55,526 $419,754 9/1/2030 $141,079 $223,148 $364,227 $55,526 $419,754 9/l/2031 $147,597 $216,630 $364,227 $55,526 $419,754 9/1/2032 $154,416 $209,811 $364,227 $55,526 $419,754 9/l/2033 $161,550 $202,677 $364,227 $55,526 $419,754 9/1/2034 $169,014 $195,214 $364,227 $55,526 $419,754 9/l/2035 $176,822 $187,405 $364,227 $55,526 $419,754 9/1/2036 $184,992 $179,236 $364,227 $55,526 $419,754 9/l/2037 $193,538 $170,689 $364,227 $55,526 $419,754 9/1/2038 $202,480 $161,748 $364,227 $55,526 $419,754 9/l/2039 $211,834 $152,393 $364,227 $55,526 $419,754 9/1/2040 $221,621 $142,607 $364,227 $55,526 $419,754 9/l/2041 $231,860 $132,368 $364,227 $55,526 $419,754 9/1/2042 $242,572 $121,656 $364,227 $55,526 $419,754 9/l/2043 $253,779 $110,449 $364,227 $55,526 $419,754 9/1/2044 $265,503 $98,724 $364,227 $55,526 $419,754 9/l/2045 $277,769 $86,458 $364,227 $55,526 $419,754 9/1/2046 $290,602 $73,625 $364,227 $55,526 $419,754 9/l/2047 $304,028 $60,199 $364,227 $55,526 $419,754 9/1/2048 $318,074 $46,153 $364,227 $55,526 $419,754 9/l/2049 $332,769 $31,458 $364,227 $55,526 $419,754 9/1/2050 $348,143 $16,084 $364,227 $55,526 $419,754 Total $5,850,000 $5,076,823 $10,926,823 $1,665,783 $12,592,606 1-The 9/30/XX dates represent the fiscal year end for the Bonds. 2-The administrative charges will be revised in Annual Service Plan Updates. 3-Annual Installments are calculated assuming a 4.62%interest rate plus Administrative Expenses. Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment ROOOII0119 1 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0120 1 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0121 1 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0122 1 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0123 1 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0124 1 7 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0125 1 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0126 1 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0129 2 2 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 ROOOII0130 2 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0131 2 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOI I0132 2 5 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 ROOOI I0133 2 6 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 ROOOI I0134 2 7 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 ROOOII0135 2 8 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 ROOOII0136 2 9 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 ROOOII0137 2 10 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 ROOOII0138 2 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 ROOOII0139 2 12 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 ROOOII0140 2 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0141 2 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0143 2 16 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0144 2 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0147 3 2 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 ROOOII0148 3 3 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000110149 3 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 ROOOI10150 3 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 ROOOII0151 3 6 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 ROOOII0152 3 7 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000110153 3 8 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 ROOOII0154 3 9 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110155 3 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0156 3 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0157 3 12 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0158 3 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0160 3 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0161 3 16 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0162 3 17 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0163 3 18 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0164 3 19 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0165 3 20 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0166 3 21 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0167 3 22 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0168 3 23 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 ROOOII0170 4 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0171 4 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 ROOOII0173 4 4 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0174 4 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0175 4 6 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0176 4 7 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0177 4 8 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 ROOOII0178 4 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 11 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 12 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 A-3(1) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112897 4 13 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 16 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 17 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 18 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 19 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 20 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 21 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 22 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 23 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 24 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 25 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 26 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 27 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 28 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 29 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 30 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 4 31 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 4 32 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 33 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 34 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 35 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 36 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 37 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 4 38 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110179 5 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110180 5 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110181 5 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110182 5 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 5 5 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 5 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 5 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 5 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 5 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110184 6 2 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000110185 6 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110186 6 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110187 6 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 6 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 6 11 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 14 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 15 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 16 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 18 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 19 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 20 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 6 21 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110188 6 22 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000110189 6 23 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110190 6 24 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 A-3(2) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000110191 6 25 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110192 6 26 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110193 6 27 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000110195 6 29 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000110196 6 30 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112897 7 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 7 2 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 7 3 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 7 4 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 7 5 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 7 6 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 7 7 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 7 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 7 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 7 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 7 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 11 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 8 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 8 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 9 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 9 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 9 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 9 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 9 6 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 9 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 9 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 9 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 11 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 9 13 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 1 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 10 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 10 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 10 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 10 8 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 9 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 10 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 12 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 13 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 A-3(3) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112897 10 14 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 10 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 10 16 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 18 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 19 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 10 20 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 1 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 11 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 11 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 11 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 11 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 11 7 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 8 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 9 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 11 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 12 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 11 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 11 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 11 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 11 16 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 12 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 12 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 5 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 12 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 12 7 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 9 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 12 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 13 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 13 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 14 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 14 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 14 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 14 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 14 5 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 15 1 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 15 3 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112897 15 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 15 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 15 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 15 7 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112897 15 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 16 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112897 16 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112467 21 1 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112468 21 2 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112469 21 3 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112470 21 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112471 21 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112472 21 6 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112473 21 7 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 A-3(4) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112474 21 8 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112475 21 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112476 21 10 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112477 21 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112481 21 15 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112482 21 16 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112483 21 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112484 21 18 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112485 21 19 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112486 21 20 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112487 21 21 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112488 21 22 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112489 21 23 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112490 21 24 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112491 21 25 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112492 21 26 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112493 21 27 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112501 21 35 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112502 21 36 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112503 21 37 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112504 21 38 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112505 21 39 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112506 21 40 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112507 21 41 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112508 21 42 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112509 21 43 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112510 21 44 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112494 21 28A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112494 21 28B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112495 21 29A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112495 21 29B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112496 21 30A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112496 21 30B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112498 21 32A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112498 21 32B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112499 21 33A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112499 21 33B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112500 21 34A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112500 21 34B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112511 22 1 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112512 22 2 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112513 22 3 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112514 22 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112515 22 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112516 22 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112518 22 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112519 22 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112520 22 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112521 22 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112522 22 12 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112523 22 13 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112524 22 14 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112525 22 15 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112526 22 16 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112527 22 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 A-3(5) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112528 22 18 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112529 22 19 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112530 22 20 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112531 22 21 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112532 22 22 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112533 22 23 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112534 22 24 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112535 22 25 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112536 22 26 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112537 22 27 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112538 22 28 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112539 22 29 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112540 22 30 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112541 22 31 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112542 22 32 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112543 22 33 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112544 22 34 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112545 22 35 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112547 22 37 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112548 22 38 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112549 22 39 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112550 22 40 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112551 22 41 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112552 22 42 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112553 22 43 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112554 22 44 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112555 22 45 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112556 22 46 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112557 22 47 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112558 22 48 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112559 22 49 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112560 22 50 Garden Home $6,036.78 $96.96 $278.90 $57.30 $433.16 R000112561 22 51 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112562 22 52 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112563 22 53 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112564 22 54 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112566 23 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112567 23 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112568 23 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112569 23 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112570 23 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112571 23 6 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112573 23 8 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112574 23 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112575 23 10 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112576 23 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112577 23 12 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112578 23 13 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112579 23 14 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112580 23 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112581 23 16 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112582 23 17 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112583 23 18 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112584 23 19 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112585 23 20 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 A-3(6) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112586 23 21 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112587 23 22 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112588 23 23 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112591 24 1 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112592 24 2 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112593 24 3 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112594 24 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112595 24 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112596 24 6 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112597 24 7 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112598 24 8 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112599 24 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112600 24 10 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112601 24 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112602 24 12 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112603 25 1 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112604 25 2 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112605 25 3 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112606 25 4 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112607 25 5 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112608 25 6 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112609 25 7 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112610 25 8 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112611 25 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112612 25 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112621 25 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112613 25 12 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112614 25 13 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112615 25 14 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112616 25 15 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112617 25 16 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112618 25 17 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112619 25 18 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112620 25 19 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112622 25 20 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112624 25 21 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112626 25 23 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112627 25 24 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112628 25 25 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112629 25 26 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112630 25 27 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112631 25 28 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112633 25 30 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112632 25 29R-1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112632 25 29R-2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112634 26 1 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112635 26 2 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112636 26 3 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112637 26 4 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112638 26 5 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112639 26 6 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112640 26 7 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112641 26 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112642 26 9 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112643 26 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 A-3(7) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112644 26 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112645 26 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112646 26 13 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112647 26 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112648 26 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112649 26 16 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112650 26 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112651 26 18 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112652 26 19 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112653 26 20 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112654 26 21 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112655 26 22 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112656 27 1 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112657 27 2 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112658 27 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112659 27 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112660 27 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112661 27 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112662 27 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112663 27 8 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112664 27 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112665 27 10 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112666 27 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112668 27 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112669 27 14 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112670 27 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112671 27 16 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112672 27 17 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112673 27 18 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112674 27 19 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112675 27 20 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112677 28 1 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112678 28 2 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112680 28 4 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112681 28 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112682 28 6 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112683 28 7 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112684 28 8 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112685 28 9 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112686 28 10 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112687 28 11 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112689 29 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112690 29 2 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112691 29 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112692 29 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112693 29 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112695 30 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112696 30 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112697 30 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112698 30 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112699 30 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112700 30 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112701 30 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112703 30 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112704 30 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 A-3(8) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112705 30 11 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112706 30 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112707 30 13 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112708 30 14 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112709 30 15 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112710 30 16 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112711 30 17 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112712 30 18 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112713 31 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112714 31 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112715 31 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112716 31 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112717 31 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112718 31 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112719 31 7 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112720 31 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112721 31 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112722 31 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112723 31 11 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112724 31 12 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112725 31 13 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112726 31 14 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112727 31 15 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112728 32 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112729 32 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112730 32 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112731 32 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112732 32 5 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112733 32 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112734 32 7 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112735 32 8 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112736 32 9 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112737 32 10 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112739 32 12 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112740 32 13 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112741 32 14 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112742 32 15 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112746 32 19 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112751 32 21 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112752 32 22 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112753 32 23 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112754 32 24 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112755 32 25 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112756 32 26 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112757 32 27 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112758 32 28 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112759 32 29 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112762 32 31 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112763 32 32 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112764 32 33 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112765 32 34 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112766 32 35 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112767 32 36 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112768 32 37 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112769 32 38 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 A-3(9) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112770 32 39 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112771 32 40 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112772 32 41 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112743 32 16A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112743 32 16B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112744 32 17A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112744 32 17B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112747 32 20A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112747 32 20B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112760 32 30A Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112760 32 30B Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112773 33 1 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112774 33 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112775 33 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112776 33 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112777 33 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112778 33 6 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112779 33 7 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112780 33 8 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112781 33 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112782 33 10 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112783 33 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112784 33 12 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112785 33 13 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112786 33 14 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112787 33 15 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112788 33 16 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112789 33 17 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112790 33 18 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112791 33 19 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112792 33 20 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112793 33 21 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112794 34 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112795 34 2 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112796 34 3 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112797 34 4 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112798 34 5 50 $10,021.05 $160.95 $462.97 $95.12 $719.04 R000112799 34 6 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112800 34 7 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112801 34 8 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112802 34 9 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112803 34 10 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112804 34 11 Townhome $7,485.60 $120.23 $345.83 $71.05 $537.11 R000112805 34 12 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112806 35 1 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112807 35 2 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112808 35 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112809 35 4 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112810 35 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112812 36 1 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112813 36 2 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112814 36 3 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112815 36 4 60 $12,194.29 $195.85 $563.38 $115.74 $874.97 R000112816 36 5 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 R000112817 36 6 70 $15,816.36 $254.03 $730.72 $150.12 $1,134.87 A-3(10) Appendix A-3 Improvement Area#2 Assessment Roll-Summary Assessment Per Administrative Total Annual Property ID Block# Lot Lot Size Unit Principal Interest Expense Installment R000112818 36 7 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112819 36 8 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 R000112820 36 9 35 $7,606.34 $122.17 $351.41 $72.20 $545.78 TOTAL $5,850,000.00 793,957.47 $270,270.00 $55,526.00 $419,753.48 A-3(11) APPENDIX A-3 IMPROVEMENT AREA#2 ASSESSMENT ROLL -SUMMARY Appendix B PHASE 1A WHEREAS, QUAIL VALLEY DEVCO I, LLC and the ALEDO INDEPENDENT SCHOOL DISTRICT are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey,Abstract No. 2740, International & Great Northern R.R. Co. Survey, Abstract No. 2004, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in instrument to QUAIL VALLEY DEVCO I,LLC, as recorded in Doc.# 201607571 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and all of that tract of land as described in instrument to the ALEDO INDEPENDENT SCHOOL DISTRICT as recorded in Doc.#201608667, O.P.R.P.C.T.,and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of LOTS IX THRU IOX,BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, along the westerly right of way line of said southbound Walsh Ranch Parkway the following courses: North 87 degrees 36 minutes 03 seconds East, a distance of 13.60 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC.LP",and being the beginning of a curve to the left having a central angle of 85 degrees 58 minutes 45 seconds,a radius of 110.00 feet,subtended by a 150.01 foot chord which bears North 44 degrees 36 minutes 40 seconds East; Along said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"; North 01 degrees 37 minutes 18 seconds East,a distance of 141.88 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 04 degrees 23 minutes 39 seconds, a radius of 612.00 feet, subtended by a 46.92 foot chord which bears North 03 degrees 49 minutes 07 seconds East; Along said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 08 degrees 10 minutes 18 seconds,a radius of 988.00 feet,subtended by a 140.79 foot chord which bears North 01 degrees 18 minutes 56 seconds West; Along said curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a compound curve to the left having a central angle of 03 degrees 21 minutes 56 seconds, a radius of 1018.00 feet, subtended by a 59.79 foot chord which bears North 10 degrees 40 minutes 28 seconds West; Along said curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP" at the south corner of Private Open Space Lot 7X, as shown on said final plat of Walsh Ranch Parkway; THENCE, departing the westerly line of said southbound Walsh Ranch Parkway, and along the westerly line of said Private Open Space Lot 7X the following courses: North 65 degrees 20 minutes 07 seconds West, a distance of 199.81 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"; North 24 degrees 04 minutes 08 seconds West, a distance of 651.54 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 35 degrees 28 minutes 59 seconds,a radius of 100.00 feet,subtended by a 60.94 foot chord which bears North 06 degrees 19 minutes 38 seconds West; Along said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 24 degrees 05 minutes 05 seconds, a radius of 200.00 feet, subtended by a 83.45 foot chord which bears North 00 degrees 37 minutes 41 seconds West; Along said curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 51 minutes 04 seconds, a radius of 193.00 feet, subtended by a 83.06 foot chord which bears North 00 degrees 14 minutes 42 seconds West; Along said curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 43 degrees 22 minutes 47 seconds, a radius of 127.00 feet, subtended by a 93.87 foot chord which bears North 09 degrees 30 minutes 34 seconds West; Along said curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 23 degrees 50 minutes 05 seconds, a radius of 453.00 feet, subtended by a 187.09 foot chord which bears North 19 degrees 16 minutes 55 seconds West; Along said curve to the right an arc distance of 188.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 82 degrees 00 minutes 00 seconds West, departing the westerly line of Private Open Space Lot 7X, a distance of 205.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of I I degrees 52 minutes 24 seconds, a radius of 1053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; THENCE, along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 03 degrees 52 minutes 24 seconds East,a distance of 12.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1040.50 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; THENCE, along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 09 degrees 10 minutes 33 seconds, a radius of 1053.00 feet, subtended by a 168.45 foot chord which bears North 72 degrees 35 minutes 16 seconds West; THENCE, along said curve to the right an arc distance of 168.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 867.00 feet, subtended by a 695.91 foot chord which bears South 88 degrees 20 minutes 18 seconds West; THENCE, along said curve to the left an arc distance of 716.10 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 50 minutes 45 seconds, a radius of 1553.00 feet, subtended by a 668.18 foot chord which bears South 77 degrees 05 minutes 59 seconds West; THENCE, along said curve to the right an arc distance of 673.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 00 minutes 26 seconds West, a distance of 21.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 49 degrees 33 minutes 56 seconds, a radius of 180.00 feet, subtended by a 150.90 foot chord which bears South 29 degrees 23 minutes 10 seconds West; THENCE, along said curve to the right an arc distance of 155.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 52 degrees 49 minutes 07 seconds, a radius of 213.00 feet, subtended by a 189.48 foot chord which bears South 27 degrees 45 minutes 34 seconds West; THENCE, along said curve to the left an arc distance of 196.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 88 degrees 38 minutes 59 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 02 degrees 23 minutes 34 seconds, a radius of 273.00 feet, subtended by a 1.87 foot chord which bears South 01 degrees 09 minutes 14 seconds West; THENCE, along said curve to the left an arc distance of 1.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the southeast corner of the aforementioned Aledo Independent School District tract; THENCE, along the southerly and westerly lines of said Aledo Independent School District tract the following courses: South 84 degrees 40 minutes 28 seconds West, a distance of 624.92 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 81 degrees 01 minutes 12 seconds West, a distance of 547.98 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 00 degrees 51 minutes 28 seconds West, a distance of 567.71 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars" at the northwest corner of said Aledo Independent School District tract; THENCE, North 07 degrees 09 minutes 34 seconds West, a distance of 106.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 33 degrees 28 minutes 50 seconds, a radius of 1353.00 feet, subtended by a 779.42 foot chord which bears South 80 degrees 25 minutes 09 seconds East; THENCE, along said curve to the right an arc distance of 790.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 51 degrees 38 minutes 40 seconds, a radius of 1447.00 feet, subtended by a 1260.57 foot chord which bears South 89 degrees 30 minutes 04 seconds East; THENCE, along said curve to the left an arc distance of 1304.28 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 973.00 feet,subtended by a 781.00 foot chord which bears North 88 degrees 20 minutes 18 seconds East; THENCE, along said curve to the right an arc distance of 803.65 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 68 degrees 00 minutes 00 seconds East, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears South 83 degrees 00 minutes 00 seconds East; THENCE, along said curve to the left an arc distance of 495.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 82 degrees 00 minutes 00 seconds East, a distance of 219.41 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars" on the westerly right of way line of said Walsh Ranch Parkway, and being the southwest corner of Private Open Space Lot 9X as shown on said Lots IX Thm IOX,Block 1 and Walsh Ranch Parkway Right-of-Way plat,and being the beginning of a non-tangent curve to the left having a central angle of 13 degrees 33 minutes 05 seconds, a radius of 453.00 feet, subtended by a 106.89 foot chord which bears South 00 degrees 35 minutes 20 seconds East, from which a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"found at a point of reverse curvature on the westerly line of Private Open Space Lot 9X bears, North 06 degrees 49 minutes 04 seconds East, a distance of 9.98 feet; THENCE,along the westerly line of Walsh Ranch Parkway, and along said curve to the left an arc distance of 107.14 feet to the POINT OF BEGINNING and CONTAINING 24.62 acres of land, more or less. PHASE 1A (Save and Except AISD site) BEING situated in the International& Great Northern R.R. Co. Survey,Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC.LP"at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of Walsh Ranch Parkway, an addition to the City of Fort Worth, Parker County, Texas, (unrecorded as of this date); THENCE, along the westerly right of way line of said southbound Walsh Ranch Parkway the following courses: North 87 degrees 36 minutes 03 seconds East, a distance of 13.60 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC.LP",and being the beginning of a curve to the left having a central angle of 85 degrees 58 minutes 45 seconds,a radius of 110.00 feet, subtended by a 150.01 foot chord which bears North 44 degrees 36 minutes 40 seconds East; Along said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"; North 01 degrees 37 minutes 18 seconds East,a distance of 141.88 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 04 degrees 23 minutes 39 seconds, a radius of 612.00 feet, subtended by a 46.92 foot chord which bears North 03 degrees 49 minutes 07 seconds East; Along said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 08 degrees 10 minutes 18 seconds, a radius of 988.00 feet,subtended by a 140.79 foot chord which bears North 01 degrees 18 minutes 56 seconds West; Along said curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a compound curve to the left having a central angle of 03 degrees 21 minutes 56 seconds, a radius of 1018.00 feet, subtended by a 59.79 foot chord which bears North 10 degrees 40 minutes 28 seconds West; Along said curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP" at the south corner of Private Open Space Lot 7X, as shown on said final plat of Walsh Ranch Parkway; THENCE, departing the westerly line of said southbound Walsh Ranch Parkway, and along the westerly line of said Private Open Space Lot 7X the following courses: North 65 degrees 20 minutes 07 seconds West, a distance of 199.81 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP"; North 24 degrees 04 minutes 08 seconds West, a distance of 651.54 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 35 degrees 28 minutes 59 seconds,a radius of 100.00 feet,subtended by a 60.94 foot chord which bears North 06 degrees 19 minutes 38 seconds West; Along said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 24 degrees 05 minutes 05 seconds, a radius of 200.00 feet, subtended by a 83.45 foot chord which bears North 00 degrees 37 minutes 41 seconds West; Along said curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 51 minutes 04 seconds, a radius of 193.00 feet, subtended by a 83.06 foot chord which bears North 00 degrees 14 minutes 42 seconds West; Along said curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod found with cap stamped"DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 43 degrees 22 minutes 47 seconds, a radius of 127.00 feet, subtended by a 93.87 foot chord which bears North 09 degrees 30 minutes 34 seconds West; Along said curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 23 degrees 50 minutes 05 seconds, a radius of 453.00 feet, subtended by a 187.09 foot chord which bears North 19 degrees 16 minutes 55 seconds West; Along said curve to the right an arc distance of 188.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 82 degrees 00 minutes 00 seconds West, departing the westerly line of Private Open Space Lot 7X, a distance of 205.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 12 degrees 20 minutes 32 seconds, a radius of 1053.00 feet, subtended by a 226.39 foot chord which bears North 88 degrees 10 minutes 16 seconds West; THENCE, along said curve to the right an arc distance of 226.83 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 04 degrees 20 minutes 32 seconds East, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 8 degrees 00 minutes 48 seconds, a radius of 1050.00 feet, subtended by a 146.73 foot chord which bears North 81 degrees 39 minutes 04 seconds West; THENCE, along said curve to the right an arc distance of 146.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 12 degrees 21 minutes 20 seconds West, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 9 degrees 38 minutes 40 seconds, a radius of 1053.00 feet, subtended by a 177.04 foot chord which bears North 72 degrees 49 minutes 20 seconds West; THENCE, along said curve to the right an arc distance of 177.25 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 867.00 feet, subtended by a 695.91 foot chord which bears South 88 degrees 20 minutes 18 seconds West; THENCE, along said curve to the left an arc distance of 716.10 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 50 minutes 45 seconds, a radius of 1553.00 feet, subtended by a 668.18 foot chord which bears South 77 degrees 05 minutes 59 seconds West; THENCE, along said curve to the right an arc distance of 673.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 00 minutes 26 seconds West, a distance of 21.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 49 degrees 33 minutes 56 seconds, a radius of 180.00 feet, subtended by a 150.90 foot chord which bears South 29 degrees 23 minutes 10 seconds West; THENCE, along said curve to the right an arc distance of 155.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 213.00 feet, subtended by a 190.78 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 197.82 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 89 degrees 02 minutes 34 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 84 degrees 40 minutes 28 seconds West, a distance of 624.92 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 81 degrees 01 minutes 12 seconds West, a distance of 547.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 00 degrees 51 minutes 28 seconds West, a distance of 567.71 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non- tangent curve to the right having a central angle of 33 degrees 28 minutes 50 seconds, a radius of 1247.00 feet, subtended by a 718.36 foot chord which bears South 80 degrees 25 minutes 09 seconds East; THENCE, along said curve to the right an arc distance of 728.68 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 23 degrees 28 minutes 38 seconds, a radius of 1553.00 feet, subtended by a 631.91 foot chord which bears South 75 degrees 25 minutes 03 seconds East; THENCE, along said curve to the left an arc distance of 636.35 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 42 degrees 21 minutes 01 seconds East,a distance of 21.18 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 47 degrees 51 minutes 12 seconds, a radius of 120.00 feet, subtended by a 97.34 foot chord which bears South 30 degrees 14 minutes 32 seconds West; THENCE, along said curve to the right an arc distance of 100.22 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 273.00 feet, subtended by a 244.53 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 253.54 feet to the POINT OF BEGINNING and CONTAINING 14.51 acres of land, more or less. PHASE 1B WHEREAS, QUAIL VALLEY DEVCO I, LLC are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey,Abstract No. 2740, and the International& Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in deed to QUAIL VALLEY DEVCO I,LLC, as recorded in Document No. 201607571 of the Official Public Records of Parker County,Texas(O.P.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the intersection of the westerly line of Private Open Space Lot 9X,as shown on the final plat of LOTS 1X THRU IOX, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and the northerly right of way line of Walsh Avenue,as shown on the final plat of Walsh Ranch Quail Valley Lot 1,Block AK&Walsh Avenue ROW, an addition to the City of Fort Worth, Parker County, Texas (unrecorded as of this date); THENCE, departing the westerly line of said Private Open Space Lot 9X, and along the northerly right of way line of Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 219.41 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears North 83 degrees 00 minutes 00 seconds West; Along said curve to the right an arc distance of 495.85 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 1 I degrees 27 minutes 09 seconds, a radius of 973.00 feet, subtended by a 194.16 foot chord which bears North 73 degrees 43 minutes 34 seconds West; Along said curve to the left an arc distance of 194.49 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING, and being the beginning of a curve to the left having a central angle of 35 degrees 52 minutes 15 seconds, a radius of 973.00 feet, subtended by a 599.26 foot chord which bears South 82 degrees 36 minutes 44 seconds West; Along said curve to the left an arc distance of 609.16 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 14 degrees 51 minutes 19 seconds, a radius of 1447.00 feet,subtended by a 374.12 foot chord which bears South 72 degrees 06 minutes 16 seconds West; Along said curve to the right an arc distance of 375.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,departing the northerly right of way line of Walsh Avenue,North 33 degrees 29 minutes 33 seconds East, a distance of 20.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, North 12 degrees 15 minutes 00 seconds West, a distance of 81.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 01 degrees 24 minutes 58 seconds,a radius of 580.00 feet,subtended by a 14.33 foot chord which bears North 11 degrees 32 minutes 32 seconds West; THENCE,Along said curve to the right an arc distance of 14.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 55 degrees 32 minutes 59 seconds West, a distance of 14.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 03 minutes 01 seconds West, a distance of 16.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 02 minutes 40 seconds, a radius of 1310.00 feet, subtended by a 115.30 foot chord which bears South 81 degrees 57 minutes 38 seconds West; THENCE, along said curve to the right an arc distance of 115.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 05 degrees 31 minutes 02 seconds West, a distance of 52.08 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North, a distance of 171.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 83 degrees 49 minutes 03 seconds East, a distance of 9.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 10 degrees 00 minutes 00 seconds West, a distance of 127.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 80 degrees 00 minutes 00 seconds East, a distance of 25.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 05 degrees 08 minutes 41 seconds, a radius of 830.00 feet, subtended by a 74.50 foot chord which bears North 77 degrees 25 minutes 40 seconds East; THENCE, along said curve to the left an arc distance of 74.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 15 degrees 08 minutes 41 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 38 minutes 58 seconds, a radius of 770.00 feet, subtended by a 8.73 foot chord which bears North 74 degrees 31 minutes 50 seconds East; THENCE, along said curve to the left an arc distance of 8.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 26 degrees 22 minutes 39 seconds East, a distance of 20.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 21 degrees 00 minutes 00 seconds West, a distance of 111.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 69 degrees 00 minutes 00 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 21 degrees 00 minutes 00 seconds East, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 62 degrees 34 minutes 07 seconds East, a distance of 126.14 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 27 degrees 41 minutes 04 seconds East, a distance of 30.24 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 62 degrees 18 minutes 56 seconds East, a distance of 122.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 27 degrees 41 minutes 04 seconds West, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 62 degrees 18 minutes 56 seconds East, a distance of 52.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 27 degrees 41 minutes 04 seconds East, a distance of 32.79 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 03 degrees 02 minutes 36 seconds, a radius of 528.00 feet, subtended by a 28.04 foot chord which bears South 29 degrees 12 minutes 22 seconds East; THENCE, along said curve to the left an arc distance of 28.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 76 degrees 44 minutes 29 seconds East, a distance of 21.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 18 minutes 59 seconds, a radius of 830.00 feet, subtended by a 76.99 foot chord which bears North 61 degrees 14 minutes 06 seconds East; THENCE, along said curve to the right an arc distance of 77.01 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 20 degrees 42 minutes 20 seconds East, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 67 degrees 00 minutes 00 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 66 degrees 42 minutes 20 seconds East,a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 10 degrees 53 minutes 19 seconds, a radius of 830.00 feet, subtended by a 157.50 foot chord which bears North 75 degrees 33 minutes 04 seconds East; THENCE, along said curve to the right an arc distance of 157.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 09 degrees 00 minutes 16 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 42 minutes 59 seconds, a radius of 770.00 feet, subtended by a 9.63 foot chord which bears South 80 degrees 38 minutes 14 seconds West; THENCE, along said curve to the left an arc distance of 9.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 34 degrees 25 minutes 24 seconds West, a distance of 14.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 11 degrees 03 minutes 37 seconds East, a distance of 129.07 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 80 degrees 21 minutes 47 seconds East, a distance of 62.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 84 degrees 38 minutes 22 seconds East, a distance of 53.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 88 degrees 31 minutes 25 seconds East,a distance of 52.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 34 minutes 23 seconds, a radius of 970.00 feet, subtended by a 9.70 foot chord which bears North 01 degrees 45 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 9.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 87 degrees 57 minutes 02 seconds East,a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 02 degrees 02 minutes 58 seconds, a radius of 1030.00 feet, subtended by a 36.84 foot chord which bears South 01 degrees 01 minutes 29 seconds East; THENCE, along said curve to the right an arc distance of 36.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South, a distance of 51.05 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt- Zollars"; THENCE,East, a distance of 123.00 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt- Zollars"; THENCE, South, a distance of 65.69 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt- Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 01 degrees 29 minutes 16 seconds, a radius of 43 0.00 feet, subtended by a 11.17 foot chord which bears North 87 degrees 30 minutes 11 seconds West; THENCE, along said curve to the left an arc distance of 11.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 01 degrees 45 minutes I I seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 43 degrees 44 minutes I I seconds East, a distance of 14.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South, a distance of 146.43 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 55 minutes 54 seconds, a radius of 1098.00 feet, subtended by a 17.85 foot chord which bears South 79 degrees 55 minutes 06 seconds East; THENCE, along said curve to the right an arc distance of 17.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 10 degrees 32 minutes 51 seconds West, a distance of 125.00 feet to the POINT OF BEGINNING and CONTAINING 14.65 acres of land, more or less. PHASE 1C WHEREAS, QUAIL VALLEY DEVCO I, LLC are the owners of a tract of land situated in the M.C.Moulton Survey Abstract No. 934, the Heirs of C.H. Higbee Survey,Abstract No. 2740, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, and the International & Great Northern R.R. Co. Survey,Abstract No. 2004,Parker County,Texas, and being a portion of Tract I as described in deed to QUAIL VALLEY DEVCO I, LLC, as recorded in Document No. 201607571 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and all of WALSH RANCH,QUAIL VALLEY,Lots I thru 33,Lot 19 POS*,Block A,Lots I thru 16,Block B, Lots I thru 16, Block C, Lots I thru 10, Block D, Lots I thru 7, Lot 8 POS*, Block E, Lots 5 thru 14, Block F,Lots 2 thru 14, Lots 16 thru 20, Lot 15 POS*, Block G, Lots I thru 4, Lots 6 thru 33, Lots 40 thru 46, Lot 5 POS*, Block H, Lots I thru 6, Lots 8 thru 13, Lots 15 thru 23, Lot 7 POS*, Lot 14 POS*, Block J, Lots I thru 4, Lots 6 thru 14, Lot 5 POS*, Block K, Lots 1 thru 14, Lots 16 thru 21, Lots 23 thru 34, Lot 15 POS*, Lot 22 POS*, Block L, Lots 8 thru 10, Block M, Lots 4 thru 7, Lots 9 thru 27, Lot 8 POS*, Block R, Lots 2 thru 25, Lot 1 POS*, Block S, Lot I POS*, Block T, Lots 1 thru 3, Lots 5 thru 20, Lot 4 POS*, Block U, Lots 1 thru 6, Lots 8 thru 22, Lot 7 POS*, Block V, Lots I thru 8, Block W, Lots 1 thru 13, Block X, Lots 1 thru 7, Lots 9 thru 23, Lot 8 POS*, Block Y,Lots 1 thm 18, Block Z,Lots I thru 8,Block AA,Lots 7 thru 16, Block AB, Lots 1 thru 13, Block AC, Lots 1 thru 8, Block AD, Lot 1 POS*, Block AE, Lots I thm 8, Block AF, Lots I thm 3, Lots 5 thm 12, Lot 4 POS*, Block AG, Lots I thru 15, Lots 17 thru 33, Lot 16 POS*, Block AH,Lots I thm 7, Lots 9 thru 28,Lot 8 POS*,Block AJ, Lot 1 POS*, Block AL, Lot 1 POS*, Block AM, Lot 1 POS*, Block AN, Lot 1 POS*, Block AP, Lot 1 POS*, Block AQ, Lot 1 POS*, Block AR, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 756 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the intersection of the westerly line of Private Open Space Lot 9X,as shown on the final plat of LOTS 1X THRU IOX, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, WALSH RANCH, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637, P.R.P.C.T., and the northerly right of way line of Walsh Avenue, as shown on the final plat of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK AK, & WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, Texas as recorded in Cabinet D, Page 654, P.R.P.C.T.; THENCE, along the northerly right of way line of Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 219.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears North 83 degrees 00 minutes 00 seconds West; Along said curve to the right an arc distance of 495.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of I l degrees 27 minutes 09 seconds, a radius of 973.00 feet, subtended by a 194.16 foot chord which bears North 73 degrees 43 minutes 34 seconds West; Along said curve to the left an arc distance of 194.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the southeast corner of Lot 1, Block F of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS THRU 6, 7-POS*, BLOCK M,LOT 1-POS*,BLOCK N,LOTS 1 THRU 15, BLOCK P,LOTS I THRU 5, 6-POS*,BLOCK Q, LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 655 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, departing the northerly right of way line of said Walsh Avenue, along said WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS 1 THRU 6, 7-POS*,BLOCK M,LOT 1-POS*,BLOCK N,LOTS 1 THRU 15,BLOCK P,LOTS 1 THRU 5, 6-POS*,BLOCK Q, LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, the following courses: North 10 degrees 32 minutes 51 seconds East, a distance of 125.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 55 minutes 54 seconds,a radius of 1098.00 feet,subtended by a 17.85 foot chord which bears North 79 degrees 55 minutes 06 seconds West; Along said curve to the left an arc distance of 17.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 146.43 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars"; North 43 degrees 44 minutes 11 seconds West, a distance of 14.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 01 degree 45 minutes 11 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 01 degree 29 minutes 16 seconds, a radius of 430.00 feet, subtended by a 11.17 foot chord which bears South 87 degrees 30 minutes 11 seconds East; Along said curve to the right an arc distance of 11.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 65.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; West, a distance of 123.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 51.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 02 degrees 02 minutes 58 seconds, a radius of 1030.00 feet, subtended by a 36.84 foot chord which bears North 01 degree O1 minute 29 seconds West; Along said curve to the left an arc distance of 36.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 87 degrees 57 minutes 02 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 34 minutes 23 seconds,a radius of 970.00 feet,subtended by a 9.70 foot chord which bears South 01 degree 45 minutes 47 seconds East; Along said curve to the right an arc distance of 9.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 88 degrees 31 minutes 25 seconds West, a distance of 52.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 84 degrees 38 minutes 22 seconds West, a distance of 53.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 80 degrees 21 minutes 47 seconds West, a distance of 62.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 11 degrees 03 minutes 37 seconds West, a distance of 129.07 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 34 degrees 25 minutes 24 seconds East, a distance of 14.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 42 minutes 59 seconds,a radius of 770.00 feet,subtended by a 9.63 foot chord which bears North 80 degrees 38 minutes 14 seconds East; Along said curve to the right an arc distance of 9.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 09 degrees 00 minutes 16 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 10 degrees 53 minutes 19 seconds, a radius of 830.00 feet, subtended by a 157.50 foot chord which bears South 75 degrees 33 minutes 04 seconds West; Along said curve to the left an arc distance of 157.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 66 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 67 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 20 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 05 degrees 18 minutes 59 seconds, a radius of 830.00 feet, subtended by a 76.99 foot chord which bears South 61 degrees 14 minutes 06 seconds West; Along said curve to the left an arc distance of 77.01 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 76 degrees 44 minutes 29 seconds West, a distance of 21.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 03 degrees 02 minutes 36 seconds, a radius of 528.00 feet,subtended by a 28.04 foot chord which bears North 29 degrees 12 minutes 22 seconds West; Along said curve to the right an arc distance of 28.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 27 degrees 41 minutes 04 seconds West, a distance of 32.79 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 18 minutes 56 seconds West, a distance of 52.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 27 degrees 41 minutes 04 seconds East, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 18 minutes 56 seconds West, a distance of 122.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 27 degrees 41 minutes 04 seconds West, a distance of 30.24 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 34 minutes 07 seconds West, a distance of 126.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 21 degrees 00 minutes 00 seconds West, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 69 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 21 degrees 00 minutes 00 seconds East, a distance of 111.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 26 degrees 22 minutes 39 seconds West, a distance of 20.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 38 minutes 58 seconds,a radius of 770.00 feet,subtended by a 8.73 foot chord which bears South 74 degrees 31 minutes 50 seconds West; Along said curve to the right an arc distance of 8.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 15 degrees 08 minutes 41 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 08 minutes 41 seconds, a radius of 830.00 feet, subtended by a 74.50 foot chord which bears South 77 degrees 25 minutes 40 seconds West; Along said curve to the right an arc distance of 74.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 80 degrees 00 minutes 00 seconds West, a distance of 25.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 10 degrees 00 minutes 00 seconds East, a distance of 127.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 83 degrees 49 minutes 03 seconds West, a distance of 9.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South, a distance of 171.49 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars"; South 05 degrees 31 minutes 02 seconds East, a distance of 52.08 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 05 degrees 02 minutes 40 seconds,a radius of 1310.00 feet,subtended by a 115.30 foot chord which bears North 81 degrees 57 minutes 38 seconds East; Along said curve to the left an arc distance of 115.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 09 degrees 03 minutes 01 second East, a distance of 16.00 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 55 degrees 32 minutes 59 seconds East, a distance of 14.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 01 degree 24 minutes 58 seconds, a radius of 580.00 feet, subtended by a 14.33 foot chord which bears South 11 degrees 32 minutes 31 seconds East; Along said curve to the left an arc distance of 14.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 12 degrees 15 minutes 00 seconds East, a distance of 81.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 33 degrees 29 minutes 33 seconds West, a distance of 20.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the northerly right of way line of said Walsh Avenue, and being the beginning of a non-tangent curve to the right having a central angle of 36 degrees 47 minutes 21 seconds, a radius of 1447.00 feet, subtended by a 913.23 foot chord which bears North 82 degrees 04 minutes 24 seconds West; THENCE, departing the westerly line of said WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS1 THRU 6, 7-POS*, BLOCK M, LOT 1-POS*, BLOCK N,LOTS 1 THRU 15,BLOCK P,LOTS 1 THRU 5,6-POS*,BLOCK Q,LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, and along the northerly right of way line of said Walsh Avenue the following courses: Along said curve to the right an arc distance of 929.11 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 27 degrees 45 minutes 07 seconds, a radius of 1353.00 feet, subtended by a 648.96 foot chord which bears North 77 degrees 33 minutes 17 seconds West; Along said curve to the left an arc distance of 655.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the westerly line of the aforementioned Tract 1; THENCE,departing the northerly right of way line of said Walsh Avenue, and along the westerly lines of said Tract 1, the following courses: North 13 degrees 01 minute 33 seconds East, a distance of 190.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 63 degrees 10 minutes 59 seconds East, a distance of 89.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 35 degrees 40 minutes 07 seconds West, a distance of 128.27 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 22 degrees 27 minutes 21 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 17 degrees 35 minutes 11 seconds, a radius of 220.00 feet, subtended by a 67.26 foot chord which bears North 58 degrees 45 minutes 03 seconds East; THENCE, departing the westerly line of said Tract 1, the following courses: Along said curve to the left an arc distance of 67.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 40 degrees 02 minutes 32 seconds West, a distance of 210.76 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the westerly line of said Tract 1; THENCE, along the westerly and northerly lines of said Tract 1 the following courses: North 05 degrees 50 minutes 37 seconds East, a distance of 172.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 24 minutes 15 seconds, a radius of 500.00 feet, subtended by a 99.36 foot chord which bears North 11 degrees 32 minutes 44 seconds East; Along said curve to the right an arc distance of 99.52 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 17 degrees 14 minutes 52 seconds East, a distance of 158.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 36 degrees 11 minutes 43 seconds, a radius of 100.00 feet, subtended by a 62.13 foot chord which bears North 00 degrees 51 minutes 00 seconds West; Along said curve to the left an arc distance of 63.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 18 degrees 56 minutes 51 seconds West, a distance of 11.89 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 39 degrees 02 minutes 19 seconds, a radius of 100.00 feet, subtended by a 66.82 foot chord which bears North 00 degrees 34 minutes 18 seconds East; Along said curve to the right an arc distance of 68.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 20 degrees 05 minutes 28 seconds East, a distance of 70.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 08 degrees 22 minutes 10 seconds, a radius of 200.00 feet, subtended by a 29.19 foot chord which bears North 24 degrees 16 minutes 33 seconds East; Along said curve to the right an arc distance of 29.22 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 50 degrees 57 minutes 11 seconds, a radius of 250.00 feet, subtended by a 215.07 foot chord which bears North 02 degrees 59 minutes 02 seconds East; Along said curve to the left an arc distance of 222.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 54 degrees 59 minutes 15 seconds, a radius of 100.00 feet, subtended by a 92.33 foot chord which bears North 05 degrees 00 minutes 04 seconds East; Along said curve to the right an arc distance of 95.97 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 32 degrees 29 minutes 42 seconds East, a distance of 36.65 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 46 degrees 54 minutes 26 seconds, a radius of 100.00 feet, subtended by a 79.60 foot chord which bears North 09 degrees 02 minutes 28 seconds East; Along said curve to the left an arc distance of 81.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 14 degrees 24 minutes 45 seconds West, a distance of 29.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 32 degrees 55 minutes 14 seconds, a radius of 100.00 feet, subtended by a 56.67 foot chord which bears North 02 degrees 02 minutes 52 seconds East; Along said curve to the right an arc distance of 57.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 18 degrees 53 minutes 19 seconds, a radius of 100.00 feet, subtended by a 32.82 foot chord which bears North 09 degrees 03 minutes 49 seconds East; Along said curve to the left an arc distance of 32.97 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 00 degrees 22 minutes 50 seconds West, a distance of 153.57 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 89 degrees 37 minutes 10 seconds East,a distance of 294.15 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; North 00 degrees 22 minutes 50 seconds West, a distance of 594.83 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; South 85 degrees 44 minutes 35 seconds East,a distance of 286.37 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; South 64 degrees 53 minutes 26 seconds East, a distance of 167.77 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a curve to the left having a central angle of 22 degrees 24 minutes 34 seconds, a radius of 960.00 feet, subtended by a 373.09 foot chord which bears South 76 degrees 05 minutes 43 seconds East; Along said curve to the left an arc distance of 375.47 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; South 87 degrees 18 minutes 00 seconds East,a distance of 620.89 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP" on the westerly right of way line of Mary's Ridge Road (a variable width right of way), as shown on the final plat of LOT I IX, BLOCK 1, AND MARY'S RIDGE ROAD RIGHT OF WAY, WALSH RANCH, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 638, P.R.P.C.T.; THENCE,along the westerly and southerly right of way lines of Mary's Ridge Road the following; South 02 degrees 42 minutes 00 seconds West, a distance of 53.00 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP" South 87 degrees 18 minutes 00 seconds East,a distance of 146.19 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a curve to the right having a central angle of 31 degrees 17 minutes 49 seconds, a radius of 1023.50 feet, subtended by a 552.15 foot chord which bears South 71 degrees 39 minutes 05 seconds East; Along said curve to the right an arc distance of 559.07 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the left having a central angle of 51 degrees 45 minutes 52 seconds, a radius of 1076.50 feet, subtended by a 939.83 foot chord which bears South 81 degrees 53 minutes 07 seconds East; Along said curve to the left an arc distance of 972.57 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the right having a central angle of I I degrees 36 minutes 01 second, a radius of 1037.00 feet,subtended by a 209.60 foot chord which bears North 78 degrees 01 minute 58 seconds East; Along said curve to the right an arc distance of 209.95 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP" at the intersection of the south right of way line of Mary's Ridge Road, and the westerly line of Lot IOX, Block 1 of said final plat, LOTS 1X THRU IOX, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY,WALSH RANCH; THENCE, along the westerly line of said Lot IOX, the following courses: South 06 degrees 10 minutes 02 seconds East, a distance of 51.52 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a non-tangent curve to the right having a central angle of 02 degrees 09 minutes 38 seconds, a radius of 1037.00 feet, subtended by a 3 9.10 foot chord which bears North 81 degrees 42 minutes 27 seconds East; Along said curve to the right an arc distance of 3 9.10 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 41 minutes 44 seconds, a radius of 3154.50 feet, subtended by a 38.29 foot chord which bears South 01 degree 58 minutes 20 seconds East; Along said curve to the right an arc distance of 38.29 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; South 01 degree 37 minutes 29 seconds East, a distance of 132.96 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a curve to the right having a central angle of 08 degrees 48 minutes 07 seconds, a radius of 1598.00 feet, subtended by a 245.25 foot chord which bears South 02 degrees 46 minutes 35 seconds West; Along said curve to the right an arc distance of 245.49 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a non-tangent curve to the left having a central angle of 44 degrees 10 minutes 38 seconds, a radius of 193.00 feet, subtended by a 145.15 foot chord which bears South 23 degrees 39 minutes 24 seconds West; Along said curve to the left an arc distance of 148.81 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc.LP", and being the beginning of a reverse curve to the right having a central angle of 18 degrees 34 minutes 00 seconds,a radius of 517.00 feet,subtended by a 166.80 foot chord which bears South 10 degrees 51 minutes 08 seconds West; Along said curve to the right an arc distance of 167.53 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the left having a central angle of 19 degrees 59 minutes 11 seconds, a radius of 783.00 feet,subtended by a 271.75 foot chord which bears South 10 degrees 08 minutes 33 seconds West; Along said curve to the left an arc distance of 273.13 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP"; South 00 degrees 08 minutes 58 seconds West, passing the southwest corner of said Lot IOX at a distance of 101.55 feet, also passing the northwest corner of said Lot 9X at a distance of 161.56, in all a total a distance of 257.44 feet to a 5/8 inch iron rod found with plastic cap stamped "Dunaway Assoc. LP" on the westerly line of said Lot 9X, and being the beginning of a curve to the left having a central angle of 32 degrees 28 minutes 53 seconds, a radius of 603.00 feet, subtended by a 337.29 foot chord which bears South 16 degrees 05 minutes 28 seconds East; THENCE, along the westerly line of said Lot 9X, the following courses: Along said curve to the left an arc distance of 341.85 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the right having a central angle of 34 degrees 47 minutes 54 seconds,a radius of 407.00 feet,subtended by a 243.41 foot chord which bears South 14 degrees 55 minutes 58 seconds East; Along said curve to the right an arc distance of 247.19 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the left having a central angle of 15 degrees 47 minutes 58 seconds,a radius of 443.00 feet,subtended by a 121.77 foot chord which bears South 05 degrees 26 minutes 00 seconds East; Along said curve to the left an arc distance of 122.16 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc.LP", and being the beginning of a reverse curve to the right having a central angle of 20 degrees 46 minutes 55 seconds, a radius of 837.00 feet,subtended by a 301.93 foot chord which bears South 02 degrees 56 minutes 31 seconds East; Along said curve to the right an arc distance of 303.59 feet to a 5/8 inch iron rod found with plastic cap stamped"Dunaway Assoc. LP", and being the beginning of a reverse curve to the left having a central angle of 01 degree 15 minutes 43 seconds, a radius of 453.00 feet, subtended by a 9.98 foot chord which bears South 06 degrees 49 minutes 04 seconds West; Along said curve to the left an arc distance of 9.98 feet to the POINT OF BEGINNING and CONTAINING 177.98 acres of land, more or less. PHASE 2A WHEREAS, Quail Valley Devco I, LLC and Walsh Ranches Limited Partnership are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, International & Great Northern R.R. Co. Survey,Abstract No. 2004, and the International & Great Northern R.R. Co. Survey,Abstract No. 1996, Parker County,Texas, and being a portion of Tract 2 as described in deed to Quail Valley Devco I,LLC,as recorded in Document Number 201607571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.) and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped "Huitt-Zollars" at the southwest corner of the intersection of the westerly right of way line of Walsh Ranch Parkway(a variable width right of way), as shown on the final plat of LOTS 1X THRU 1 OX,BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY WALSH RANCH,an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.),with the southerly right of way line of Walsh Avenue (a 106.0 foot wide right of way), as shown on the final plat of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK AK, &WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, as recorded in Cabinet D. Page 654, P.R.P.C.T.; THENCE, along the southerly right of way line of said Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, departing the westerly right of way line of Walsh Ranch Parkway, a distance of 205.63 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 52 minutes 24 seconds, a radius of 1,053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; Along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 03 degrees 52 minutes 24 seconds East, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1,040.50 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; Along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 54 minutes 37 seconds, a radius of 1,053.00 feet, subtended by a 108.57 foot chord which bears North 74 degrees 13 minutes 14 seconds West; Along said curve to the right an arc distance of 108.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 65 degrees 34 minutes 17 seconds West departing the southerly right of way line of said Walsh Avenue, a distance of 21.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" ; THENCE, South 22 degrees 00 minutes 00 seconds West, a distance of 445.69 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars" and being the beginning of a curve to the right having a central angle of 41 degrees 11 minutes 37 seconds, a radius of 180.00 feet, subtended by a 126.64 foot chord which bears South 42 degrees 35 minutes 49 seconds West; THENCE, along said curve to the right an arc distance of 129.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 22 degrees 13 minutes 33 seconds East, a distance of 213.91 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 71 degrees 53 minutes 16 seconds East,a distance of 35.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 18 degrees 06 minutes 44 seconds East, a distance of 69.56 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 45 degrees 06 minutes 44 seconds East, a distance of 104.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 37 degrees 07 minutes 35 seconds East,a distance of 55.82 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 34 degrees 45 minutes 41 seconds, a radius of 80.00 feet, subtended by a 47.79 foot chord which bears North 54 degrees 30 minutes 25 seconds East; THENCE, along said curve to the right an arc distance of 48.54 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 71 degrees 53 minutes 16 seconds East, a distance of 52.56 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 65 degrees 52 minutes 46 seconds, a radius of 40.00 feet, subtended by a 43.50 foot chord which bears North 38 degrees 56 minutes 53 seconds East; THENCE, along said curve to the left an arc distance of 45.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 06 degrees 00 minutes 29 seconds East, a distance of 13.52 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 67 degrees 37 minutes 57 seconds, a radius of 70.00 feet, subtended by a 77.91 foot chord which bears North 39 degrees 49 minutes 28 seconds East; THENCE, along said curve to the right an arc distance of 82.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 35 degrees 37 minutes 55 seconds, a radius of 150.00 feet, subtended by a 91.79 foot chord which bears North 55 degrees 49 minutes 29 seconds East; THENCE, along said curve to the left an arc distance of 93.28 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 61 degrees 19 minutes 41 seconds,a radius of 123.00 feet,subtended by a 125.46 foot chord which bears North 68 degrees 40 minutes 22 seconds East; THENCE, along said curve to the right an arc distance of 131.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 09 degrees 20 minutes 13 seconds East, a distance of 72.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 54 degrees 37 minutes 01 second East,a distance of 136.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 53 degrees 31 minutes 57 seconds East, a distance of 464.31 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 04 degrees 27 minutes 12 seconds West, a distance of 162.60 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 85 degrees 32 minutes 48 seconds West, a distance of 63.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 52 minutes 44 seconds West, a distance of 165.75 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 03 degrees 50 minutes 00 seconds, a radius of 485.00 feet, subtended by a 32.44 foot chord which bears South 46 degrees 55 minutes 06 seconds West; THENCE, along said curve to the right an arc distance of 32.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 59 degrees 50 minutes 22 seconds West, a distance of 174.20 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 83 degrees 38 minutes 43 seconds West, a distance of 200.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 74 degrees 13 minutes 49 seconds West, a distance of 548.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 45 degrees 54 minutes 57 seconds West, a distance of 72.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 72 degrees 19 minutes 04 seconds West, a distance of 110.57 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 51 minutes 13 seconds West, a distance of 53.32 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 87 degrees 16 minutes 49 seconds West, a distance of 234.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 75 degrees 56 minutes 48 seconds West, a distance of 68.91 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 89 degrees 21 minutes 42 seconds West, a distance of 126.30 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 14 degrees 02 minutes 32 seconds West, a distance of 242.67 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 64 degrees 00 minutes 23 seconds East, a distance of 121.75 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 86 degrees 15 minutes 18 seconds East, a distance of 188.61 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 29 degrees 35 minutes 56 seconds West, a distance of 126.15 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 60 degrees 24 minutes 04 seconds East, a distance of 131.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 22 degrees 13 minutes 33 seconds West, a distance of 269.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 67 degrees 46 minutes 27 seconds West, a distance of 217.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 13 minutes 33 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 67 degrees 46 minutes 27 seconds East, a distance of 205.00 feet to a 518 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE,North 22 degrees 46 minutes 27 seconds East, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 13 minutes 33 seconds West, a distance of 123.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 12 degrees 25 minutes 03 seconds, a radius of 1530.00 feet, subtended by a 330.94 foot chord which bears North 16 degrees 01 minute 02 seconds West; THENCE, along said curve to the right an arc distance of 331.59 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 48 minutes 30 seconds West, a distance of 370.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 58 degrees 03 minutes 43 seconds West, a distance of 19.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of said Walsh Avenue, and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 57 minutes 30 seconds, a radius of 867.00 feet, subtended by a 90.12 foot chord which bears North 76 degrees 10 minutes 05 seconds East; THENCE,along the southerly right of way line of Walsh Avenue,and along said curve to the right an arc distance of 90.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 34 degrees 25 minutes 18 seconds West departing the south right of way line of said Walsh Avenue, a distance of 21.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 09 degrees 48 minutes 30 seconds East, a distance of 374.68 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 12 degrees 25 minutes 03 seconds, a radius of 1470.00 feet, subtended by a 317.96 foot chord which bears South 16 degrees 01 minute 02 seconds East; THENCE, along said curve to the left an arc distance of 318.59 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 22 degrees 13 minutes 33 seconds East, a distance of 123.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 67 degrees 13 minutes 33 seconds East, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 67 degrees 46 minutes 27 seconds East, a distance of 389.13 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 45 degrees 46 minutes 27 seconds, a radius of 120.00 feet, subtended by a 93.34 foot chord which bears North 44 degrees 53 minutes 13 seconds East; THENCE, along said curve to the left an arc distance of 95.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 00 minutes 00 seconds East, a distance of 444.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 23 degrees 00 minutes 00 seconds West, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of said Walsh Avenue; THENCE, South 68 degrees 00 minutes 00 seconds East along the southerly right of way line of Walsh Avenue, a distance of 30.00 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 03 degrees 15 minutes 56 seconds, a radius of 1053.00 feet, subtended by a 60.01 foot chord which bears South 69 degrees 37 minutes 58 seconds East; THENCE, continuing along the southerly right of way line of Walsh Avenue, and along said curve to the left an arc distance of 60.01 feet to the POINT OF BEGINNING and CONTAINING 21.91 acres of land, more or less. PHASE 2B WHEREAS, Quail Valley Devco I, LLC and Walsh Ranches Limited Partnership are the owners of a tract of land situated in the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of Tract 2 as described in deed to Quail Valley Devco I, LLC, as recorded in Document Number 201607571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.) and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped "Huitt-Zollars" at the northwest corner of Lot 7X, Block 1, as shown on the final plat of LOTS IX THRU IOX, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and being on the southerly right of way line of Walsh Avenue (a 106.0 foot wide right of way), as shown on the final plat of WALSH RANCH QUAIL VALLEY,LOT 1,BLOCK AK, & WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, as recorded in Cabinet D, Page 654, P.R.P.C.T.; THENCE, along the southerly right of way line of said Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 205.63 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of I I degrees 52 minutes 24 seconds, a radius of 1,053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; Along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 03 degrees 52 minutes 24 seconds East, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1,040.00 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; Along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 09 degrees 10 minutes 33 seconds, a radius of 1,053.00 feet, subtended by a 168.45 foot chord which bears North 72 degrees 35 minutes 16 seconds West; Along said curve to the right an arc distance of 168.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 38 degrees 48 minutes 40 seconds, a radius of 867.00 feet, subtended by a 576.13 foot chord which bears North 87 degrees 24 minutes 20 seconds West; Along said curve to the left an arc distance of 587.29 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 58 degrees 03 minutes 43 seconds East, departing the southerly right of way line of said Walsh Avenue, a distance of 19.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" ; THENCE, South 09 degrees 48 minutes 30 seconds East, a distance of 305.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 80 degrees I I minutes 30 seconds West, a distance of 265.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 48 minutes 30 seconds West, a distance of 265.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of Walsh Avenue, and being the beginning of a non-tangent curve to the left having a central angle of 04 degrees 41 minutes 43 seconds, a radius of 1553.00 feet, subtended by a 127.23 foot chord which bears North 67 degrees 01 minute 28 seconds East; THENCE, along the southerly right of way line of Walsh Avenue, and along said curve to the left an arc distance of 127.27 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 08 degrees 30 minutes 44 seconds, a radius of 867.00 feet, subtended by a 128.69 foot chord which bears North 68 degrees 55 minutes 58 seconds East; THENCE,continuing along the southerly right of way line of Walsh Avenue, and along said curve to the right an arc distance of 128.81 feet to a 5/8 inch iron rod set with plastic cap stamped"Huitt- Zollars" at the POINT OF BEGINNING and CONTAINING 1.79 Acres of land, more or less. PHASE 2C BEING a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, International & Great Northern R.R. Co. Survey, Abstract No. 2004, Parker County, Texas, and being a portion of Tracts 2 and 3 as described in deed to Quail Valley Devco I, LLC, as recorded in Document Number 201707571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.)and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP" at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard,as shown on the final plat of LOTS 1X THRU IOX,BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, South 02 degrees 23 minutes 57 seconds East, along the westerly right of way line of Walsh Creek Boulevard, a distance of 140.41 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC.LP"at the southwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the southerly right of way line of Walsh Creek Boulevard, and being the beginning of a non-tangent curve to the right having a central angle of 17 degrees 27 minutes 48 seconds, a radius of 250.00 feet, subtended by a 75.90 foot chord which bears North 83 degrees 40 minutes 03 seconds West; THENCE,departing the westerly right of way line of said Walsh Creek Boulevard, and along said curve to the right an arc distance of 76.20 feet to the beginning of a reverse curve to the left having a central angle of 1 I degrees 27 minutes 48 seconds, a radius of 250.00 feet, subtended by a 49.93 foot chord which bears North 80 degrees 40 minutes 03 seconds West; THENCE, along said curve to the left an arc distance of 50.02 feet to the point of tangency; THENCE, North 86 degrees 23 minutes 57 seconds West, a distance of 215.63 feet to the beginning of a curve to the left having a central angle of 08 degrees 10 minutes 47 seconds, a radius of 300.00 feet, subtended by a 42.79 foot chord which bears South 89 degrees 30 minutes 40 seconds West; THENCE, along said curve to the left an arc distance of 42.83 feet to the beginning of a compound curve to the left having a central angle of 09 degrees 29 minutes 45 seconds, a radius of 1470.00 feet, subtended by a 243.35 foot chord which bears South 80 degrees 40 minutes 24 seconds West; THENCE, along said curve to the left an arc distance of 243.63 feet to a point for a corner; THENCE, South 14 degrees 04 minutes 29 seconds East, a distance of 150.00 feet to a point for a corner; THENCE, South 73 degrees 44 minutes 47 seconds West, a distance of 100.38 feet to a point for an angle; THENCE, South 68 degrees 39 minutes 27 seconds West, a distance of 134.02 feet to a point for an angle; THENCE, South 64 degrees 39 minutes 25 seconds West, a distance of 50.25 feet to a point for an angle; THENCE, South 61 degrees 18 minutes 12 seconds West, a distance of 109.91 feet to a point for an angle; THENCE, South 58 degrees 25 minutes 34 seconds West, a distance of 90.10 feet to a point for an angle; THENCE, South 55 degrees 57 minutes 29 seconds West, a distance of 114.06 feet to a point for an angle; THENCE, South 53 degrees 58 minutes 23 seconds West, a distance of 50.16 feet to a point for an angle; THENCE, South 52 degrees 00 minutes 57 seconds West, a distance of 111.75 feet to a point for a corner; THENCE, North 39 degrees 20 minutes 07 seconds West, a distance of 150.00 feet to the beginning of a non-tangent curve to the left having a central angle of 00 degrees 26 minutes 58 seconds, a radius of 2520.00 feet, subtended by a 19.76 foot chord which bears South 50 degrees 26 minutes 24 seconds West; THENCE, along said curve to the left an arc distance of 19.76 feet to a point for a corner; THENCE,North 39 degrees 47 minutes 05 seconds West, a distance of 60.00 feet to the beginning of a non-tangent curve to the right having a central angle of 00 degrees 26 minutes 58 seconds, a radius of 2580.00 feet, subtended by a 20.24 foot chord which bears North 50 degrees 26 minutes 24 seconds East; THENCE, along said curve to the right an arc distance of 20.24 feet to a point for a corner; THENCE,North 39 degrees 20 minutes 07 seconds West, a distance of 144.95 feet to a point for a corner; THENCE, South 54 degrees 36 minutes 55 seconds West, a distance of 40.21 feet to a point for a corner; THENCE,North 33 degrees 35 minutes 09 seconds West, a distance of 92.60 feet to a point for an angle; THENCE,North 28 degrees 44 minutes 49 seconds West, a distance of 72.78 feet to a point for an angle; THENCE, North 19 degrees 58 minutes 19 seconds West, a distance of 110.00 feet to the beginning of a non-tangent curve to the right having a central angle of 02 degrees 46 minutes 08 seconds, a radius of 885.00 feet, subtended by a 42.76 foot chord which bears North 71 degrees 24 minutes 46 seconds East; THENCE, along said curve to the right an arc distance of 42.77 feet to a point for a corner; THENCE,North 17 degrees 12 minutes 10 seconds West, a distance of 173.09 feet to a point for a corner; THENCE,North 80 degrees 12 minutes 00 seconds East, a distance of 123.57 feet to a point for a corner; THENCE, South 76 degrees 35 minutes 19 seconds East, a distance of 60.00 feet to the beginning of a non-tangent curve to the right having a central angle of 01 degrees 55 minutes 48 seconds, a radius of 1025.00 feet, subtended by a 34.52 foot chord which bears North 14 degrees 22 minutes 35 seconds East; THENCE, along said curve to the right arc distance of 34.52 feet to a point for a corner; THENCE,North 32 degrees 06 minutes 19 seconds West,a distance of 20.11 feet to the beginning of a non-tangent curve to the left having a central angle of 05 degrees 53 minutes 33 seconds, a radius of 1125.00 feet, subtended by a 115.65 foot chord which bears North 83 degrees 21 minutes 56 seconds West; THENCE, along said curve to the left an arc distance of 115.70 feet to a point for a corner; THENCE,North 03 degrees 41 minutes 17 seconds East, a distance of 95.00 feet to a point for an angle; THENCE, North 26 degrees 03 minutes 18 seconds East, a distance of 132.03 feet to a point for an angle; THENCE,North 45 degrees 54 minutes 57 seconds East, a distance of 130.90 feet to a point for a corner; THENCE, South 35 degrees 19 minutes 33 seconds East,a distance of 156.23 feet to the beginning of a non-tangent curve to the right having a central angle of 04 degrees 15 minutes 34 seconds, a radius of 405.00 feet, subtended by a 30.10 foot chord which bears North 49 degrees 58 minutes 49 seconds East; THENCE, along said curve to the right an arc distance of 30.11 feet to a point for a corner; THENCE,North 35 degrees 19 minutes 33 seconds West, a distance of 158.38 feet to a point for a corner; THENCE, North 67 degrees 30 minutes 35 seconds East, a distance of 140.95 feet to a point for an angle; THENCE,North 74 degrees 15 minutes 07 seconds East, a distance of 221.29 feet to a point for a corner; THENCE, South 82 degrees 30 minutes 00 seconds East, a distance of 55.59 feet to a point for a corner; THENCE, South 07 degrees 30 minutes 00 seconds West, a distance of 153.66 feet to the beginning of a non-tangent curve to the right having a central angle of 04 degrees 14 minutes 42 seconds, a radius of 405.00 feet, subtended by a 30.00 foot chord which bears South 82 degrees 30 minutes 00 seconds East; THENCE, along said curve to the right an arc distance of 30.01 feet to a point for a corner; THENCE,North 07 degrees 30 minutes 00 seconds East, a distance of 153.66 feet to a point for a corner; THENCE, North 47 degrees 30 minutes 00 seconds East, a distance of 75.06 feet a point for an angle; THENCE,North 74 degrees 15 minutes 07 seconds East, a distance of 63.95 feet to a point for an angle; THENCE,North 83 degrees 38 minutes 44 seconds East, a distance of 87.00 feet to a point for a corner; THENCE, South 06 degrees 21 minutes 17 seconds East,a distance of 130.86 feet to the beginning of a non-tangent curve to the right having a central angle of 26 degrees 41 minutes 05 seconds, a radius of 65.00 feet, subtended by a 30.00 foot chord which bears North 83 degrees 38 minutes 43 seconds East; THENCE, along said curve to the right an arc distance of 30.27 feet to a point for a corner; THENCE,North 06 degrees 21 minutes 17 seconds West, a distance of 130.86 feet to a point for a corner; THENCE,North 83 degrees 38 minutes 44 seconds East, a distance of 87.05 feet to a point for an angle; THENCE, North 59 degrees 50 minutes 22 seconds East, a distance of 154.35 feet to a point for an angle; THENCE,North 67 degrees 22 minutes 59 seconds East, a distance of 58.71 feet to a point for a corner; THENCE, South 26 degrees 59 minutes 27 seconds East, a distance of 45.87 feet to a point for a corner; THENCE, South 60 degrees 00 minutes 15 seconds West, a distance of 49.99 feet to a point for an angle; THENCE, South 31 degrees 49 minutes 18 seconds West, a distance of 53.01 feet to a point for an angle; THENCE, South 33 degrees 45 minutes 24 seconds East, a distance of 90.14 feet a point for a corner; THENCE, South 28 degrees 34 minutes 12 seconds West, a distance of 69.63 feet to a point for an angle; THENCE, South 01 degrees 20 minutes 14 seconds East, a distance of 74.22 feet to point for a corner; THENCE, North 83 degrees 28 minutes 52 seconds West, a distance of 171.85 feet to the beginning of a non-tangent curve to the right having a central angle of 17 degrees 41 minutes 59 seconds, a radius of 65.00 feet, subtended by a 20.00 foot chord which bears South 06 degrees 31 minutes 08 seconds West; THENCE, along said curve to the right an arc distance of 20.08 feet to a point for a corner; THENCE, South 83 degrees 28 minutes 52 seconds East, a distance of 174.61 feet to a point for a corner; THENCE, South 01 degrees 20 minutes 14 seconds East, a distance of 10.65 feet to a point for an angle; THENCE, South 30 degrees 51 minutes 08 seconds West, a distance of 96.55 feet to a point for an angle; THENCE, South 12 degree 22 minutes 26 seconds East, a distance of 41.09 feet to an angle point; THENCE, South 20 degrees 13 minutes 00 seconds West, a distance of 78.28 feet to a point for an angle; THENCE, South 41 degrees 09 minutes 03 seconds East, a distance of 115.07 feet to a point for a corner; THENCE, South 06 degrees 51 minutes 33 seconds West, a distance of 112.77 feet to a point for an angle; THENCE, South 10 degrees 44 minutes 05 seconds East, a distance of 25.27 feet to the beginning of a non-tangent curve to the right having a central angle of 05 degrees 57 minutes 22 seconds, a radius of 1530.00 feet, subtended by a 158.98 foot chord which bears North 84 degrees 20 minutes 37 seconds East; THENCE, along said curve to the right an arc distance of 159.05 feet to the beginning of a reverse curve to the left having a central angle of 03 degrees 13 minutes 15 seconds, a radius of 600.00 feet, subtended by a 33.72 foot chord which bears North 85 degrees 42 minutes 41 seconds East; THENCE, along said curve to the left an arc distance of 33.73 feet to the point of tangency; THENCE,North 84 degrees 06 minutes 03 seconds East,a distance of 164.53 feet to the beginning of a curve to the left having a central angle of 13 degrees 57 minutes 32 seconds,a radius of 250.00 feet, subtended by a 60.76 foot chord which bears North 77 degrees 07 minutes 17 seconds East; THENCE, along said curve to the left an arc distance of 60.91 feet to the beginning of a reverse curve to the right having a central angle of 17 degrees 27 minutes 32 seconds, a radius of 250.00 feet, subtended by a 75.88 foot chord which bears North 78 degrees 52 minutes 17 seconds East; THENCE, along said curve to the right an arc distance of 76.18 feet to the POINT OF BEGINNING and CONTAINING 23.80 Acres of land, more or less. City of Fort Worth, Texas Mayor and Council Communication DATE: 09/01/20 M&C FILE NUMBER: M&C 20-0639 LOG NAME: 13QUAIL VALLEY PID FY2021 (NIA#2) SUBJECT (CD 3)Conduct a Public Hearing to Consider the Levying of Special Assessments in Improvement Area No.2 of Fort Worth Public Improvement District 16—Walsh Ranch/Quail Valley(Quail Valley PID);Adopt Ordinance(1)Levying Special Assessments on the Property Located in Improvement Area No.2 of the Quail Valley PID,(2)Approving a Service and Assessment Plan Update for the Quail Valley PID to Include Improvement Area No.2(Service and Assessment Plan Update), (3)Approving Assessment Roll for Improvement Area No.2 of the Quail Valley PID(Assessment Roll),and(4)Ordaining Other Matters Related Thereto;Authorize Execution of a Reimbursement Agreement with Quail Valley DEVCO II,LLC and Walsh Ranches Limited Partnership to Address Construction,Acquisition,and Financing of the Improvements in Improvement Area No.2 of the Quail Valley PID;Authorize Execution of a Majority Landowner Agreement;and Adopt Appropriation Ordinance (PUBLIC HEARING-a.Report of City Staff:Alex Laufer:b.Public Comment;c.Council Action:Close Public Hearing and Act on M&C) RECOMMENDATION: It is recommended that the City Council; 1. Conduct a public hearing concerning the proposed special assessments to be levied on the property located in Improvement Area No.2 of the Quail Valley PID,with collection to begin in the 2020 Tax Year; 2. Adopt the attached ordinance(a)levying special assessments on the property located in Improvement Area No.2 of the Quail Valley PID,(b) approving a Service and Assessment Plan Update to Include Improvement Area No.2,(c)approving the Assessment Roll for Improvement Area No.2,and(d)ordaining other matters related thereto; 3. Authorize execution of a Reimbursement Agreement with Quail Valley DEVCO 11,LLC and Walsh Ranches Limited Partnership(collectively Developers)to address construction,acquisition,and financing of the improvements in Improvement Area No.2 of the Quail Valley PID; 4. Authorize execution of a Majority Landowner Agreement with the Developers,outlining responsibilities associated with coordination of notices and payment of assessments for land in Improvement Area No.2 that is not owned by Developers;and 5. Adopt the attached appropriation ordinance increasing receipts and appropriations in the FWPID#16-Quail Valley Fund in the amount of $419,754.00,from available funds. DISCUSSION: The purpose of this Mayor and Council Communication(M&C)is to take actions associated with commencement of assessments in the second phase of Fort Worth Public Improvement District No.16,also known as the Walsh Ranch/Quail Valley Public Improvement District or"Quail Valley PID." On September 2016,the City Council approved the creation of the Quail Valley PID,encompassing approximately one-fourth of the entire Walsh Ranch property,as a vehicle to reimburse the Developers for certain infrastructure costs. Full development of the Quail Valley PID will encompass seven phases that occur over several years as phases of the Quail Valley PID are developed.Pursuant to Ordinance No.2207-05-2017,the City Council previously adopted a service and assessment plan for the Quail Valley PID,which has been updated annually through subsequent City Council actions,and levied assessments on Improvement Area No. 1 of the Quail Valley PID. This M&C addresses Improvement Area No.2 of the Quail Valley PID,which is the second phase of development. On August 18,2020,the City Council adopted Resolution No.5263-08-2020 concerning certain matters related to the Quail Valley PID,including the following: (1)determining the costs of certain public improvements;(2)accepting a preliminary service and assessment plan update for Improvement Area No.2,including a proposed assessment roll;(3)directing the filing of the proposed assessment roll with the City Secretary;(4) calling for a public hearing to consider the ordinance levying special assessments on property located within the area defined as Improvement Area No.2 of the Quail Valley PID,and(5)directing staff to publish and mail notice of this public hearing to the property owners liable for payment of the special assessment. The purpose of this public hearing is to receive comments regarding the proposed special assessments to be levied on each property in Improvement Area No.2 of the Quail Valley PID.As outlined in the Service and Assessment Plan update,improvements in the amount of $5,850,000.00 are to be funded by the special assessments on Improvement Area No.2,consisting of$5,132,890.50 for paving expenses and $717,109.50 for landscaping expenses. The special assessments will be levied across 553 residential units(representing 185.66 acres)and collected over a 30-year period.The 553 lots are divided into six categories,with each category represented by lot width and/or type.Widths including categories as follows:35 feet,50 feet,60 feet,70 feet and two additional lot types including townhomes and garden homes. Assessments will be allocated as follows: Lot Size #of Lots Annual Installment 35 feet I 61 I $545.78 50 feet 152 $719.04 60 feet 165 $874.97 70 feet 67 $1,134.87 Townhome 96 $537.11 Garden Home 12 $433.16 The above shown amounts are calculated using an interest rate of 4.62%per annum.This interest rate is based on the bond index rate of 2.62% applicable for the month of August through August 27th plus 2.0%. In addition to the$5,850,000.00 of improvements funded by the special assessments,the Developers are constructing,without reimbursement from the Quail Valley PID,additional improvements in the amount of$21,483,342.00 in this phase of the PID,bringing the total costs of improvements in Improvement Area No.2 to$27,333,342.00. The Developers are responsible for managing all construction and the associated Agreements for the development of the lots and residential units within Improvement Area#2 of the Quail Valley PID.Beginning in 2021,the City will begin to make quarterly payments to the Developers in satisfaction of the Reimbursement Amount from the special assessments revenues,less any administrative fees,once the Developer submits payment requisitions.The Reimbursement Amount for Improvement Area No.2 will be paid over a maximum period of 30 years.Until bonds,if any, are issued,the Developer will be entitled to interest on the unpaid Reimbursement Amount at the rate of 4.62 percent.If any portion of the Reimbursement Amount remains unpaid after the City has elected to issue bonds and those bonds have been repaid in full,the interest rate on the unpaid Reimbursement Amount will be the same as the interest rate on the bonds.It is anticipated that within five years,provided that the Developers have satisfied certain obligations designed to ensure the rapid development of the entire Quail Valley PID,the City will explore options to accelerate the reimbursement of the Developers by issuing debt secured by a portion of the special assessments. In order to maintain the Developer's construction schedule,portions of the property in Improvement Area No.2 have been sold to home developers and individual homeowners.As reflected in the Reimbursement Agreement, Developers have agreed to assume responsibility for the payment of PID assessments for properties already sold to individual homeowners. The Majority Landowner Agreement addresses the responsibilities of the Developers and City with respect to notices,assurances,and payment of assessments for property in Improvement Area No.2 that is not owned by the Developers. Finally,the adoption of the attached appropriation ordinance provides the necessary funding for the City to pay the costs of services associated with ongoing administration of the Quail Valley PID and the implementation of assessments in Improvement Area No.2.Expenses will cover costs for financial advisors, PID administrators,and legal services up to$419,754.00.Revenues will also be adjusted by the same amount but are not anticipated to be received until Fiscal Year 2021. It is recommended that the City Council adopt the attached ordinance levying such special assessments and approving the Service and Assessment Plan update and updated Assessment Roll;authorize the execution of the Reimbursement Agreement;and adopt the appropriation ordinance increasing estimated receipts and appropriations in the FWPID#16-Quail Valley Fund in the amount of$419,754.00. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations funds are available in the current operating budget,as previously appropriated,and upon adoption of the Fiscal Year 2021 Budget by the City Council,funds will be available in the Fiscal Year 2021 Operating Budget,as appropriated,in the FWPID#16-Quail Valley Fund. Prior to an expenditure being incurred,the Financial Management Services Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by: Jay Chapa 5804 Originating Business Unit Head: Reginald Zeno 8517 Additional Information Contact: Alex Laufer 2268