HomeMy WebLinkAbout(0059) QV IA2 Assessment Ordinance w SAP.pdf;1 9 11 10EW1161MIG
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 251.01 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
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 EXHIBITA (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 11, 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
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
2
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.
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.
(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.
4
(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,
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.
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.
G7
7
AND IT IS SO ORDAINED.
APPROVED AS TO FORM AND LEGALITY: ATTEST:
Senior Assistant City Attorney
M&C:
Adopted and Effective:
Mary J. Kayser, City Secretary
EXHIBIT A
SERVICE AND ASSESSMENT PLAN UPDATE
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
IMPROVEMENTAREA #1...........................................................................................................32
B.
AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN
IMPROVEMENTAREA #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 #1 Assessment, the Improvement Area #2 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 #1 Assessment Ordinance, the Improvement Area #2 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 #1 Assessment Roll and the Improvement Area #2 Assessment Roll included
in this SAP as Appendix A-1 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 III.B, 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 #2 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 #1" 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 #1 and listed on the Improvement Area #1 Assessment Roll, other than Non -Benefited
Property.
"Improvement Area #1 Assessment" means the Assessment levied pursuant to the Improvement
Area #1 Assessment Ordinance on the Improvement Area #1 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 #1
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 #1 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 #1 of the District
and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area #1
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 #2 and listed on the Improvement Area #2 Assessment Roll, other than Non -Benefited
Property.
"Improvement Area #2 Assessment" means the Assessment levied pursuant to the Improvement
Area #2 Assessment Ordinance on the Improvement Area #2 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 #2 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 #2 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 #2 of the
District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement
Area #2 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 #1 has lot types classified as 35 ft, 50 ft,
60 ft, 70 ft, and 100 ft front footage lots. Improvement Area #2 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 VI.C.
"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 #1 and the Assessment per unit amounts shown in Section IVY (Tables IV-E
and Table IV-F) of the SAP for Improvement Area #2.
"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 VI.C.
"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 LA.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 III.B.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 II.A..
"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
IL 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
LLD
WEATHERFDTtA
I
PROPERTY AIS
6UNDARY
--�`✓
[aacluded tram PID]
g(D
aI
S�
WALSH RANCH QUA VALLEY
�I
PUBLIC IMPROVEMENT
DISTRICT BOUNDARYIF
i
\
-lo
INTERSTATE-
+
,•
WALSH RANCH QUAIL VALLEY
PUBLIC IMPROVEMENT
\ ' \��
DISTRICT BOUNDARY
WALSH RANCH
QUAIL VALLEY
VICINRY MAP
N.T.S.
MuniCap 112
B. PROPERTY LOCATED IN IMPROVEMENT AREA #1 AND IMPROVEMENT AREA #2
Improvement Area #1 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 #2 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 #2 Improvements described in Section III.C.
A map of the property within Improvement Area # 1 and Improvement Area #2 is shown in Table
II-B below. Legal descriptions for all Parcels within the PID are included in Appendix B.
Table II-B
IA #1 and IA #2 Boundary
li
I
I
AISD PROPERTY
- 1
BOU
(excluded
ded From PI1)}
LD VyEAT11ERFORO ROA_
I
Improvement Area #1 f
9
Improvement
1
�
Area #2jl
Y
L
_ -T--
sryre20
74
1=
I NTERSTATV
30
.
II
�+,
•.\ ip
WALSH 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
�I
AISD PROPERTY - 1
BOUNDARY
(excluded from PID)
LID WEATIJERFORD ROA
� J
5
ill
Future Improvement Area
30
zz
WALSH 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 III.B and
Section III.C. Any change to the list of Authorized Improvements, including any Future
Improvement Area Improvements as described in Section III.D, 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 # 1 and the costs of which are PID-Funded
Actual Costs that will be financed from the Improvement Area #1 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 #1 are Improvement Area #1 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 #1. The wastewater improvements will be
constructed according to the City standards, determined in the City's sole discretion.
MuniCap 116
Roadway Lmprovements
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 #1. 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 hikeibike trails to serve Improvement Area #1.
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 #1 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 #2 Funded Improvements are that portion of the Authorized Improvements
that confer a special benefit solely on Improvement Area #2 and the costs of which are PID-Funded
Actual Costs that will be financed from the Improvement Area #2 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 #2 are Improvement Area #2 Funded
Improvements.
MuniCap 117
The Improvement Area #2 Funded Improvements are described below. Table III-B on the
following page shows the Actual Costs to construct the Improvement Area #2 Funded
Improvements are $27,333,342, including the PID-Funded Actual Costs of the Improvement Area
#2 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 #2 Funded Improvements are to
be funded from: (i) the principal portion of the Annual Installments collected from the
Improvement Area #2 Assessments in accordance to the Improvement Area #2 Reimbursement
Agreement; (ii) the proceeds of PID Bonds, if any, secured by Improvement Area #2 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 #2 and the Actual Costs
thereof are described below. The Improvement Area #2 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 #2. 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 #2. 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 #2. The wastewater improvements will be
constructed according to the City standards, determined in the City's sole discretion.
MuniCap 118
Roadway Lmprovements
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 #2. 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 hikeibike trails to serve Improvement Area #2.
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 #2 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 #1 Assessed Property. Table IV-B details the allocation
of PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements to the
Improvement Area #2 Assessed Property
This Section IV is intended to: (1) describe the special benefit conferred upon each Parcel within
Improvement Area #1 and Improvement Area #2 as a result of the Improvement Area #1 Funded
Improvements and Improvement Area #2 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 #1 Funded Improvements
and Improvement Area #2 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 #1 Assessed Property, and the benefit received from such Improvement
Area #1 Funded Improvements must be equal to or greater than the Improvement Area #1
Assessment. The Improvement Area #2 Funded Improvements are provided solely for the benefit
of the Improvement Area #2 Assessed Property, and the benefit received from such Improvement
Area #2 Funded Improvements must be equal to or greater than the Improvement Area #2
Assessment.
When the City Council approved this SAP for Improvement Area #1, the Developer owned 100%
of the Improvement Area #1 Assessed Property. The Developer: (i) has acknowledged that the
MuniCap 120
Improvement Area #1 Funded Improvements confer a special benefit on the Improvement Area
#1 Assessed Property; and (ii) has consented to the imposition of the Assessments to pay for the
PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements and Improvement
Area #2 Funded Improvements.
When the City Council approved this SAP for Improvement Area #2, the Developer owned 65.4%
of the Improvement Area #2 Assessed Property. The Developer: (i) has acknowledged the
Improvement Area #2 Funded Improvements confer a special benefit on the Improvement Area
#2 Assessed Property; (ii) has consented to the imposition of the Improvement Area #2
Assessments to pay for the PID-Funded Actual Costs of the Improvement Area #2 Funded
Improvements; and (iii) has consented to pay in full the amount of any Improvement Area #2
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 VI.0 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 #1 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 #1
% 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 #2 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 #2 Funded Improvements are, therefore, allocated entirely
to the Improvement Area #2 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 Methodology for Improvement Area #1
For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of
the portion of the Improvement Area #1 Funded Improvements shall be allocated to the
Improvement Area #1 Assessed Property by spreading the entire Improvement Area #1
Assessment across all Lots of Assessed Property within Improvement Area #1 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 #1. 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 #1: (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 #1: (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 #1 Funded Improvements, the
City Council has determined that the benefit to the Improvement Area #1 Assessed Property from
the Improvement Area #1 Funded Improvements is at least equal to the Improvement Area #1
Assessments.
The Improvement Area #1 Assessments and Annual Installments for each Lot of Assessed
Property located in Improvement Area #1 are shown on the Improvement Area #1 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 #1
Assessment Allocation
Equivalent
Equivalent
Tax Rate
Tax Rate
Initial
(Per
(Per
Total
Estimated Estimated
Initial
Year
$100/AV)
$100/AV)
Estimated Build Out Improvement
Finished
Year
Maximum Annual
Finished
Completed
Lot Completed Area #1
Lot Value Value
Annual
Assessment Installment
Lot Value
Home
Size Units Home Value Assessment
Installment
Per Unit Per Unit
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
Total Initial
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 Methodology for Improvement Area #2
For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of
the portion of the Improvement Area #2 Funded Improvements shall be allocated to the
Improvement Area #2 Assessed Property by spreading the entire Improvement Area #2
Assessment across all Lots of Assessed Property within Improvement Area #2 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 #2. 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 #2: (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 #2: (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 #2 Funded Improvements, the
City Council has determined that the benefit to the Improvement Area #2 Assessed Property from
the Improvement Area #2 Funded Improvements is at least equal to the Improvement Area #2
Assessments.
The Improvement Area #2 Assessments and Annual Installments for each Lot of Assessed
Property located in Improvement Area #2 are shown on the Improvement Area #2 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 #2 Assessment at the time the Improvement Area #2 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 #2
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 #1 Assessment Roll, subject to any revisions made during an Annual Service
Plan Update. The Improvement Area #2 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 #2 Assessment Roll, shown on Appendix A-1 and Appendix A-2,
respectively, which are subject to revision through Annual Service Plan Updates.
1. 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
#1 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
#2 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 #1 will not be issued until a final plat has been recorded for
Improvement Area #2. If no final plat has been recorded with respect to Improvement Area #2
within five (5) years of the date hereof, then no PID Bonds for Improvement Area #1 will be
issued, and the payment of the any amount owed to the Developer under the Improvement Area
#1 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 #2 will not be issued until a final plat has been recorded for
Improvement Area #3. If no final plat has been recorded with respect to Improvement Area #3
within five (5) years of the date hereof, then no RID Bonds for Improvement Area #2 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 #1
$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 lV-A for details
(remainder of this page is intentionally left blank)
MuniCap 129
The Improvement Area #2 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 #2
$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 lV-B for details
The projected Annual Installments for the first five years after the approval of this SAP update for
the Improvement Area #1 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 #2 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 #1 Assessments and Annual Installments for the Improvement Area #1
Assessed Property are shown on the Improvement Area #1 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 #1 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 #2 Assessments and Annual Installments for the Improvement Area #2
Assessed Property are shown on the Improvement Area #2 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 #2 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 #1 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 #2 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 #1 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 #2 Improvements
that benefit the Improvement Area #2 Assessed Property will be due when billed, and will be
delinquent if not paid prior to the first February 1 following the earlier of (i) the recording of a
final subdivision plat in the official public records of the County for the Improvement Area #2
Assessed Property, (ii) upon issuance of the Improvement Area #2 Bonds, or (iii) the second
anniversary of the date of the levy of Assessments against Improvement Area #2 Assessed
Property. The initial Annual Installments relating to the Improvement Area #2 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 #1 (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 #1.
The Improvement Area #1 Assessed Property will be assessed for the special benefits conferred
upon such property by the Improvement Area #1 Funded Improvements. Table V-A summarizes
the $29,590,023 in special benefit received by such property from the Improvement Area #1
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 #1 Assessed Property is $6,350,000 plus
annual interest and Administrative Expenses. The Assessment for each Improvement Area #1
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 #1
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 #2 (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 #2.
MuniCap 138
The Improvement Area #2 Assessed Property will be assessed for the special benefits conferred
upon such property by the Improvement Area #2 Funded Improvements. Table V-B summarizes
the $27,333,342 in special benefit received by such property from the Improvement Area #2
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 #2 Assessment to be applied to the Improvement Area #2 Assessed Property is $5,850,000
plus annual interest and Administrative Expenses. The Assessment for each Improvement Area #2
Assessed Property is calculated based on the allocation methodologies described in Section IVY.
The Assessment Roll for Improvement Area #2 Assessed Property is attached as Appendix A-2.
Table VII-B
Improvement Area #2
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 VI.A.
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
Units
Assessment
All Parcels
$6,350,000
Total
Net Debt
Administrative
Annual
Year 1
Principal
Interest
Service
Expenses2
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
9/1/2021
$118,341
$312,250
$430,591
$46,818
$477,409
9/1/2022
$123,322
$306,333
$429,655
$47,754
$477,409
9/1/2023
$128,533
$300,167
$428,700
$48,709
$477,409
9/1/2024
$133,985
$293,740
$427,725
$49,684
$477,409
9/1/2025
$139,691
$287,041
$426,732
$50,677
$477,409
9/1/2026
$145,662
$280,056
$425,718
$51,691
$477,409
9/1/2027
$151,911
$272,773
$424,684
$52,725
$477,409
9/1/2028
$158,452
$265,178
$423,630
$53,779
$477,409
9/1/2029
$165,299
$257,255
$422,554
$54,855
$477,409
9/1/2030
$172,467
$248,990
$421,457
$55,952
$477,409
9/1/2031
$179,971
$240,367
$420,338
$57,071
$477,409
9/1/2032
$187,828
$231,368
$419,196
$58,212
$477,408
9/1/2033
$196,055
$221,977
$418,032
$59,377
$477,409
9/1/2034
$204,671
$212,174
$416,845
$60,564
$477,409
9/1/2035
$213,693
$201,941
$415,634
$61,775
$477,409
9/1/2036
$223,142
$191,256
$414,398
$63,011
$477,409
9/1/2037
$233,039
$180,099
$413,138
$64,271
$477,409
9/1/2038
$243,405
$168,447
$411,852
$65,557
$477,409
9/1/2039
$254,265
$156,277
$410,542
$66,868
$477,410
9/1/2040
$265,640
$143,563
$409,203
$68,205
$477,408
9/1/2041
$277,558
$130,281
$407,839
$69,569
$477,408
9/1/2042
$290,045
$116,403
$406,448
$70,960
$477,408
9/1/2043
$303,128
$101,901
$405,029
$72,380
$477,409
9/1/2044
$316,837
$86,745
$403,582
$73,827
$477,409
9/1/2045
$331,202
$70,903
$402,105
$75,304
$477,409
9/1/2046
$346,256
$54,343
$400,599
$76,810
$477,409
9/1/2047
$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 first 2 years and a 5% interest rate for the next 28 years plus the
Additional Interest plus Administrative Expenses.
Appendix A-2
Improvement Area #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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
R000104911
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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
R000104511
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
R000104514
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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
R000104611
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
1
16
50
$8,401
$579.26
$62.83
$642.09
R000104652
1
17
50
$8,401
$579.26
$62.83
$642.09
R000104653
1
18
50
$8,401
$579.26
$62.83
$642.09
R000104654
1
19
50
$8,401
$579.26
$62.83
$642.09
R000104627
1
1
60
$10,340
$712.91
$77.33
$790.24
R000104628
1
2
60
$10,340
$712.91
$77.33
$790.24
R000104629
1
3
60
$10,340
$712.91
$77.33
$790.24
R000104630
1
4
60
$10,340
$712.91
$77.33
$790.24
R000104634
1
8
60
$10,340
$712.91
$77.33
$790.24
R000104635
1
9
60
$10,340
$712.91
$77.33
$790.24
R000104636
1
10
60
$10,340
$712.91
$77.33
$790.24
R000104637
1
11
60
$10,340
$712.91
$77.33
$790.24
R000104638
1
12
60
$10,340
$712.91
$77.33
$790.24
A-2 (7)
Appendix A-2
Improvement Area #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
Installment
R000104639
1
13
60
$10,340
$712.91
$77.33
$790.24
R000104650
1
15
60
$10,340
$712.91
$77.33
$790.24
R000104655
1
20
60
$10,340
$712.91
$77.33
$790.24
R000104656
1
21
60
$10,340
$712.91
$77.33
$790.24
R000104631
1
5
70
$13,175
$908.41
$98.53
$1,006.94
R000104632
1
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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
R000104711
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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 #1 Assessment Roll - Summary
Parcel ID
Block
Lot
Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Fiscal Year 2021
Annual
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
1
2
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108248
1
3
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108249
1
4
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108250
1
5
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108251
1
6
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108252
1
7
Custom
$21,850
$1,506.58
$163.41
$1,669.99
R000108253
1
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 #1 Assessment Roll - Summary
Fiscal Year 2021
Parcel ID Block
Lot Lot Size
Outstanding
Assessment
Annual
Assessment
Administrative
Expense
Annual
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
Units
Assessment
All Parcels
$5,850,000
Total
Net Debt
Administrative
Annual
Year 1
Principal
Interest
Service
Expenses2
Installment'
9/1/2021
$93,957
$270,270
$364,227
$55,526
$419,754
9/1/2022
$98,298
$265,929
$364,227
$55,526
$419,754
9/1/2023
$102,840
$261,388
$364,227
$55,526
$419,754
9/1/2024
$107,591
$256,637
$364,227
$55,526
$419,754
9/1/2025
$112,562
$251,666
$364,227
$55,526
$419,754
9/1/2026
$117,762
$246,466
$364,227
$55,526
$419,754
9/1/2027
$123,202
$241,025
$364,227
$55,526
$419,754
9/1/2028
$128,894
$235,333
$364,227
$55,526
$419,754
9/1/2029
$134,849
$229,378
$364,227
$55,526
$419,754
9/1/2030
$141,079
$223,148
$364,227
$55,526
$419,754
9/1/2031
$147,597
$216,630
$364,227
$55,526
$419,754
9/1/2032
$154,416
$209,811
$364,227
$55,526
$419,754
9/1/2033
$161,550
$202,677
$364,227
$55,526
$419,754
9/1/2034
$169,014
$195,214
$364,227
$55,526
$419,754
9/1/2035
$176,822
$187,405
$364,227
$55,526
$419,754
9/1/2036
$184,992
$179,236
$364,227
$55,526
$419,754
9/1/2037
$193,538
$170,689
$364,227
$55,526
$419,754
9/1/2038
$202,480
$161,748
$364,227
$55,526
$419,754
9/1/2039
$211,834
$152,393
$364,227
$55,526
$419,754
9/1/2040
$221,621
$142,607
$364,227
$55,526
$419,754
9/1/2041
$231,860
$132,368
$364,227
$55,526
$419,754
9/1/2042
$242,572
$121,656
$364,227
$55,526
$419,754
9/1/2043
$253,779
$110,449
$364,227
$55,526
$419,754
9/1/2044
$265,503
$98,724
$364,227
$55,526
$419,754
9/1/2045
$277,769
$86,458
$364,227
$55,526
$419,754
9/1/2046
$290,602
$73,625
$364,227
$55,526
$419,754
9/1/2047
$304,028
$60,199
$364,227
$55,526
$419,754
9/1/2048
$318,074
$46,153
$364,227
$55,526
$419,754
9/1/2049
$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
R0001 10 119
1
2
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110120
1
3
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110121
1
4
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110122
1
5
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110123
1
6
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110124
1
7
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110125
1
8
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110126
1
9
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110129
2
2
35
$7,606.34
$122.17
$351.41
$72.20
$545.78
R000110130
2
3
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110131
2
4
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110132
2
5
Garden Home
$6,036.78
$96.96
$278.90
$57.30
$433.16
R000110133
2
6
Garden Home
$6,036.78
$96.96
$278.90
$57.30
$433.16
R000110134
2
7
Garden Home
$6,036.78
$96.96
$278.90
$57.30
$433.16
R000110135
2
8
Garden Home
$6,036.78
$96.96
$278.90
$57.30
$433.16
R000110136
2
9
35
$7,606.34
$122.17
$351.41
$72.20
$545.78
R000110137
2
10
35
$7,606.34
$122.17
$351.41
$72.20
$545.78
R000110138
2
11
Townhome
$7,485.60
$120.23
$345.83
$71.05
$537.11
R000110139
2
12
Townhome
$7,485.60
$120.23
$345.83
$71.05
$537.11
R000110140
2
13
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110141
2
14
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110143
2
16
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110144
2
17
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110147
3
2
35
$7,606.34
$122.17
$351.41
$72.20
$545.78
R000110148
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
R000110150
3
5
Townhome
$7,485.60
$120.23
$345.83
$71.05
$537.11
R000110151
3
6
Townhome
$7,485.60
$120.23
$345.83
$71.05
$537.11
R000110152
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
R000110154
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
R000110156
3
11
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110157
3
12
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110158
3
13
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110160
3
15
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110161
3
16
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110162
3
17
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110163
3
18
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110164
3
19
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110165
3
20
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110166
3
21
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110167
3
22
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110168
3
23
50
$10,021.05
$160.95
$462.97
$95.12
$719.04
R000110170
4
1
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110171
4
2
60
$12,194.29
$195.85
$563.38
$115.74
$874.97
R000110173
4
4
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110174
4
5
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110175
4
6
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110176
4
7
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110177
4
8
70
$15,816.36
$254.03
$730.72
$150.12
$1,134.87
R000110178
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
$93,957.47
$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 I 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 are 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 11 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 are 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 5/8 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 1X Thru 1 OX, 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 lA (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 are 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 are 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 are 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 10X, 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 11 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 5 80. 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 5/8 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 5/8 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 430.00 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 11 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 11 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.
PAACF.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 1 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 1 thru 33, Lot 19 POS*, Block A, Lots I thru 16, Block
B, Lots 1 thru 16, Block C, Lots 1 thru 10, Block D, Lots 1 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 1 thru 4, Lots 6 thru
33, Lots 40 thru 46, Lot 5 POS*, Block H, Lots 1 thru 6, Lots 8 thru 13, Lots 15 thru 23, Lot 7
POS*, Lot 14 POS*, Block J, Lots 1 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 1
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 1 thru 8, Block W, Lots 1 thm 13, Block X, Lots 1 thru 7, Lots 9 thru
23, Lot 8 POS*, Block Y, Lots 1 thru 18, Block Z, Lots 1 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 1 thru 8,
Block AF, Lots 1 thru 3, Lots 5 thru 12, Lot 4 POS*, Block AG, Lots 1 thru 15, Lots 17 thru 33,
Lot 16 POS*, Block AH, Lots 1 thru 7, Lots 9 thm 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 11 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 are 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 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, 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 are 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 are 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 5/8 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 are 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 13 10. 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 5/8 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 are 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 are 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 are 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 518 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 are 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 11X, 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 are 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 11 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 are 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 I THRU IOX,
BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, WALSH RANCH;
THENCE, along the westerly line of said Lot 1 OX, 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 39.10 foot chord which bears North 81 degrees 42 minutes 27 seconds East;
Along said curve to the right an arc distance of 39.10 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 are 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 are 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 I 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 l l 0.57 feet to a 5/8 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 5/8 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 are 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 1X THRU 10X, 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 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 are 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 are 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 are 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 11 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 I 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 11 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 are 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 are 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 are 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 are 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 are 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 are 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.