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27076-09-2024 - City Council - Ordinance
ORDINANCE NO.27076-08-2024 AN ORDINANCE APPROVING AN AMENDED PROJECT AND FINANCING PLAN FOR TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN, CITY OF FORT WORTH, TEXAS (VEALE RANCH); MAILING VARIOUS FINDINGS RELATED TO SUCH AMENDED PLAN; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, on September 23, 2023, the City Council of Fort Worth ("City") established Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas (Veal Ranch) ("Zone") pursuant to Ordinance No. 26409-09-2023 and as authorized by Chapter 311 of the Texas Tax Code ("Act"); WHEREAS, on October 18, 2023, the Board of Directors of the Zone ("Board") adopted a project and financing plan for the Zone ("Plan"); WHEREAS, on November 14, 2023, the City Council approved the Plan pursuant to Ordinance 26581-11-2023; WHEREAS, on March 6, 2024, the Plan was amended by the Board; and WHEREAS, the City Council hereby desires to make certain changes to the Plan, including allowing for certain 380 agreements to be made from the Zone and adding Tarrant County as a Participant, in accordance with amended project and financing plan attached hereto ("Amended PIan"). NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: correct. Section 1. FINDINGS. That the City Council hereby makes the following findings of fact: 1.1 The statements and facts set forth in the recitals of this Ordinance are true and 1.2 That the Amended Plan includes all information required by the Act. 1.3 That the Amended Plan is feasible and the amended and restated PIan conforms to the City's master plan. 1.4 That, prior to the adoption of this Ordinance, the City Council held a public hearing on the Amended Plan and afforded a reasonable opportunity for interested persons to speak for or against approval of the Amended Plan ("Public Hearing"), as required by the Act. Page 1 of 3 1.5 That notice of the Public Hearing was published in a newspaper having general circulation in the City in accordance with the Act at Ieast seven (7) days prior to the date of the Public Hearing. Section 2. APPROVAL OF AMENDED PLAN. That based on the findings set forth in Section I of this Ordinance, the Amended Plan is hereby approved. Section 4. DELIVERY OF AMENDED PLAN TO TAXING ENTITIES. That the Economic Development Department of the City of Fort Worth is hereby directed to provide a copy of the Amended Plan to the governing body of each taxing unit that taxes real property located in the Zone. Section 5. SEVERABILITY. That if any portion, section or part of a section of this Ordinance is subsequently declared invalid, inoperative or void for any reason by a court of competent jurisdiction, the remaining portions, sections or parts of sections of this Ordinance shall be and remain in full force and effect and shall not in any way be impaired or affected by such decision, opinion or judgment. Section 6. EFFECTIVENESS. That this Ordinance shall take effect and be in full force and effect from and after its adoption. ` AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY By: a sa-Y. John B. Strong Senior Assistant City Attorney M&C: 24-0736 ADOPTED AND EFFECTIVE: August 27, 2024 ATTEST: A By: Jannette S. Goodall City Secretary Page 2 of 3 Exhibit A Tax Increment Reinvestment Zone Number Three, City of Fort Worth, Texas (Downtown TIF) Amended Project and Financing PIan Page 3 of 3 •6 GOVNZ`F•�. t RESOLUTION TARRANT COUNTY PARTICIPATION IN THE CITY OF FORT WORTH TAX INCREMENT FINANCING REINVESTMENT ZONE #16 - VEALE RANCH TIF WHEREAS, the general laws of the State of Texas authorize governmental taxing entities to join other taxing jurisdictions in the establishment of a reinvestment zone under the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code (the "Act"), to provide incentive for the development and redevelopment of properties that might not be undertaken without such incentive; and WHEREAS, on September I2, 2023, the City Council of the City of Fort Worth, Texas adopted City Ordinance No. 2640-09-2023 designating certain real property Iocated in the west portion of the City's extraterritorial jurisdiction as Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas; and WHEREAS, in accordance with the requirements of the Act, the City Council ofthe City of Fort 'Worth has given all applicable notices to the Tarrant County Commissioners Court as to the City Council's establishment of the tax increment reinvestment zone and, through its appointed representatives, has made a formal presentation to the Tarrant County Commissioners Court regarding the reinvestment zone; and WHEREAS, Tarrant County has one (1) representative to the City of Fort Worth Tax Increment Financing Reinvestment Zone #16 Board of Directors as established by statute and said representative has participated in the development of the Project Plan and Financing Plan for the zone; and WHEREAS, the City Council of the City of Fort Worth has adopted the Project Plan and Financing Plan as submitted by the Reinvestment Zone Board of Directors; and WHEREAS, the Tarrant County Commissioners Court recognizes that the participation of Tarrant County in funding of the tax increment reinvestment zone will have the desired effect of developing the area to the benefit of all taxing units which levy taxes in the proposed reinvestment zone. NOW, THEREFORE, BE IT RESOLVED: 1. That the Tarrant County Commissioners Court hereby approves Tarrant County participation in the City of Fort Worth Tax Increment Financing Reinvestment Zone 916 and the payment into the tax increment fund of fifty percent (50%) of its collected incremental tax revenue (as set forth in the Agreement) produced by applying the County's tax rate to the incremental increase in the value of real property located in the reinvestment zone, beginning with tax year2023 through December 31, 2052, or until a maximum cumulative contribution of $154,684,773.00 has been paid by the County, whichever occurs first, in accordance with the terms of the attached Tarrant County Agreement; and 2. That the Agreement be and is hereby approved; that the County and its Commissioners Court hereby agree to enter into the Agreements as a party thereto; and the County Judge of the County or his designee be and is hereby authorized and directed to execute said Agreement on behalf of the County and its Commissioners Court, substantially in the form attached hereto and carry out the terms thereof at the appropriate time(s). PASSED AND APPROVED, IN OPEN COURT, this 10day of - lU 2024. COURT O R NO. It Tim O'Hare, County Judge R y C. B ooks Commissioner, Precinct I �- 0`6iY Fickcs Commissioner, Precinct 3 ATTEST: County C e Alisa Simmons Commissioner, Precinct 2 Manny Ramirez/ Commissione , Precinct 4 TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN CITY OF FORT WORTHq TEXAS (VEALE RANCH TYF) FIRST AMENDED PROJECT PLAN FEW FINANCING PLAN , 2024 PREPARED BY: MUNICAP, INC. PUBLIC FINANCE - TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN CITY OF FORT WORTH, TEXAS (VEALE RANCH TIF) FIRST AMENDED PROJECT PLAN AND FINANCING PLAN TABLE OF CONTENTS 1. INTRODUCTION............................................................................................................... 1 1.1. AUTHORITY AND PURPOSE......................................................................................I...................1 1.2. ELIGIBILITY REQUIREMENTS......................................................................................................1 1.3. PRELIMINARY PLAN; HEARING ...................................................................................................1 1.4. CREATION OF THE ZONE............................................................................................................ 2 1.5. BOARD RECOMMENDATIONS...................................................................................................... 2 1.6. COUNCIL ACTION...................................................................................................................... 2 1.7. SUMMARY OF RESULTS.............................................................................................................. 3 2. ASSESSMENT AND TAX COLLECTION PROCEDURES...................................................... 6 2.1 AUTHORITY AND PURPOSE......................................................................................................... 6 2.2 METHODOLOGY......................................................................................................................... 6 2.3 APPEALS.................................................................................................................................... 7 2.4 TAXATION PROCEDURES............................................................................................................ 7 2.5 PENALTIES AND INTEREST......................................................................................................... 8 2.6 TAX SALE................................................................................................................................... 8 2.7 TAX RATES................................................................................................................................ 9 3. PROJECT PLAN............................................................................................................. 10 3.1. DESCRIPTIONS AND MAPS............................................................................................................10 3.2. PROPOSED CHANGES TO ORDINANCES, PLANS, CODES, RULES AND REGULATIONS ....................10 3.3. ESTIMATED NON -PROJECT COSTS...............................................................................................10 3.4. RELOCATION OF DISPLACED PERSONS........................................................................................10 4. FINANCING PLAN.......................................................................................................... 11 4.1. ESTIMATED PROJECT COSTS.......................................................................................................11 4.2. PROPOSED PUBLIC IMPROVEMENTS............................................................................................11 4.3. ECONOMIC FEASIBILITY..............................................................................................................11 4.4. TIRZ PARTICIPATION LEVEL......................................................................................................15 4.5. ESTIMATED BONDED INDEBTEDNESS...........................................................................................18 4.6. ESTIMATED TIME FOR COSTS OR OBLIGATIONS..........................................................................19 4.7. METHOD OF FINANCING..............................................................................................................19 4.8. TOTAL APPRAISED VALUE...........................................................................................................19 4.9. ESTIMATED CAPTURED APPRAISED VALUE TAXABLE BY THE CITY............................................19 4.10. DURATION OF THE ZONE; TERMINATION...................................................................................24) 5. ASSUMPTION AND LIMITATIONS.................................................................................. 21 6. LIST OF EXHIBITS......................................................................................................... 23 EXHIBIT A-1.1 -MAP OF THE PROPERTY AND TIRZ ZONE EXHIBIT A-1.2 - AERIAL MAP OF THE ZONE EXHIBIT B - DESCRIPTION OF THE PROPERTY IN THE ZONE - LEGAL DESCRIPTIONS EXHIBIT C - PROJECTED ASSESSED VALUE EXHIBIT D-i - I - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - CITY OF FORT WORTH EXHIBIT D-1.2 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY EXHIBIT D-1.3 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY AFTER RELEASE FROM THE TIRZ EXHIBIT D-1.4 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY - SUMMARY EXHIBIT D-1.5 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - TARRANT COUNTY EXHIBIT D-1.6 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE COUNTY EXHIBIT E - MAP AND DESCRIPTION OF THE PROPOSED USES OF THE PROPERTY (CURRENT CONCEPT PLAN) EXHIBIT F - LIST OF PARCELS IN THE ZONE EXHIBIT G-1- PROJECT COSTS EXHIBIT G-2 - AUTHORIZED IMPROVEMENTS EXHIBIT H - CURRENT APPRAISED VALUE OF THE ZONE (BASE YEAR) 1. INTRODUCTION 1.1. AUTHORITY AND PURPOSE The City of Fort Worth, Texas, a Texas home rule municipal corporation (the " jy"), has the authority under Chapter 311, Texas Tax Code, as amended (the "Act") to designate a contiguous or noncontiguous geographic area within the corporate limits of the City and within the extraterritorial jurisdiction of the City as a tax increment reinvestment zone to promote development or redevelopment of the area if the governing body of the City (the "City Council") determines that development or redevelopment would not occur solely through private investment in the reasonably foreseeable future, that the tax increment reinvestment zone is feasible, and that creation of the tax increment reinvestment zone is in the best interest of the City and the property in the tax increment reinvestment zone. The purpose of a tax increment reinvestment zone is to facilitate such development or redevelopment by financing the costs of public works, public improvements, programs, and other projects benefiting the tax increment reinvestment zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act. 1.2. ELIGIBILITY REQUIREMENTS Except as provided in the Act, an area may be designated as a tax increment reinvestment zone if a petition describing the area to be designated as a reinvestment zone is submitted to the City Council by the owners of property constituting at least fifty percent (50%) of the appraised value of the property in the area according to the most recent certified appraisal roll for the county in which the area is located. (a) The Zone. By City Council action on September 12, 2023, the City created a tax increment reinvestment zone to be known as "Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas (Veale Ranch TIF)" (the "Zone" or "TIRZ") that includes approximately 51 S 1.922 acres depicted on Exhibit A and described on Exhibit B (the "Property"). The Property meets the eligibility requirements of the Act and the City Council further finds and declares that the Property included in the proposed Zone meets the criteria and requirements of Section 311.005(a)(4) because the petition requesting the designation of the TIRZ includes the owners of property constituting at least fifty percent (50%) of the appraised value of the Property according to the most recent certified appraisal roll for Tarrant County and Parker County, which are the counties in which the Property is located. If the public works, public improvements, programs, and other projects are financed as contemplated by the Final Plan (hereinafter defined), the City envisions that the Property will be developed to take full advantage of the opportunity to enhance the City and to all of the region improved developments. 1.3. PRELIMINARY PLAN; HEARING Before the City adopted the ordinance designating the Zone, the City Council prepared a preliminary reinvestment zone financing plan in accordance with the Act and, on September 12, 2023, held a public hearing on the creation of the proposed zone and its benefits to the City and to the Property, at which public hearing interested persons were given the opportunity to speak for MuniCap I 1 and against the creation of the Zone, the boundaries of the Zone, and the concept of tax increment financing, and at which hearing the owners of the Property (collectively the "Original Owners") were given a reasonable opportunity to protest the inclusion of the Property in the Zone. The requirement of the Act for a preliminary reinvestment zone financing plan was satisfied by the preliminary plan dated September 12, 2023 (the "Preliminary Plan"), the purpose of which is to describe, in general terms, the public works, public improvements, programs, and other projects that will be undertaken and financed by the Zone. A description of how such public works, improvements, programs, and projects are to be undertaken and financed will be determined by the Final Plan (hereinafter defined), which require approval by the Board and by the City Council. 1.4. CREATION OF THE ZONE Subsequent to the above -referenced public hearing, the City Council adopted Ordinance No. 2640- 09-2023 on September 12, 2023 (the "Creation Ordinance") in accordance with the Act creating the Zone after the City Council found that development or redevelopment of the Property would not occur solely through private investment in the reasonably foreseeable future, that the Zone is feasible, and that creation of the Zone is in the best interest of the City and the Property. The ordinance creating the Zone appointed a Board of Directors for the Zone initially consisting of nine (9) members (the "Board"). 1.5. BOARD RECOMMENDATIONS Upon the creation of the Zone, the Board, during its October 18, 2023, meeting, reviewed the Final Project and Finance Plan for Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth (Veale Ranch TIF) (the "Final Plan"), and approved and recommended to the City Council the Final Plan, pursuant to which the City will contribute a portion of the ad valorem tax increment (the "Tax Increment") into a tax increment fund created by the City and segregated from all other funds of the City (the "TIRZ Fund") to the costs of public works, public improvements, programs, and other projects benefiting the Zone. The Board, during its March 6, 2024, meeting, reviewed a request to amend the Project and Finance Plan for the Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, and recommended the City Council approve the First Amended Project and Finance Plan (the, 2024 Amended Plan") that will provide for the Tarrant County participation pursuant to which the County will contribute a portion of the ad valorem Tax Increment attributable to the Property within the Zone located in Tarrant County for the payment of the costs of public works, public improvements, programs, and other projects benefiting the Zone. 1.6. COUNCIL ACTION The City Council, taking into consideration the recommendations of the Board, approved: The Final Plan, pursuant to Ordinance No. 26581-11-2023, on November 14, 2023. The City Council, taking into consideration the recommendations of the Board, is anticipated to consider and approve this First Amended Project and Finance Plan on , 2024. MuniCap 12 1.7. SUMMARY OF RESULTS As real property taxes are generated on an ad valorem basis from assessed values, it is first necessary to estimate the future assessed value resulting from the Zone. This plan provides assessed value information based on the following: • The real property tax rate remains static at the fiscal year 2023 level in future yearsi • The City's contribution of a portion of the increment attributable to ad valorem taxes levied; • The Zone is anticipated to include the 5181.922 acres comprising the Property; and • The City has committed to using 65.00% of the incremental revenues generated from the Property. See Section 4.4 for additional details. • Tarrant County has committed to using 50.00% of the incremental revenues generated from the Property. In summary, the T1RZ financing analysis indicates that assuming two percent (2.00%) annual inflation through 2052 (and after completion of all phases), the Zone is estimated to have an incremental value at build out of $13,658,476,444 as of January 1, 2052. Table 1-A below provides the projected total and incremental assessed value for the Zone in 2051 at buildout. Refer to Exhibits C-1.1.1 to C-1.27.2, Exhibits C-2.11 to C-2.7.2, and Exhibits D- 1.1 to D-1.8, attached hereto, for more information on the projected incremental value for each year. Table 1-A Projected Assessed Values Projected Value at Incremental Value Year Buildout Base Valuer At Buildout 2051 $13,663,732.775 $5,256,331 $13,658,476,444 'The base value of $5,256,331 represents the allocable share of the 2023 taxable assessed value shown in i AD records allocated based on the proportional acreage of the applicable Parcels within the Zone. 'The base value of $5,256.331 is a summation of the Tarrant County and Parker County base values, $5,256,331 ($4,449,181 + $807,150). The assessed values displayed in Table 1-A above are the basis for estimating incremental real property taxes. The projected incremental taxes are shown in Table 1-B below. The total projected value for the Property within the Zone as of January 1, 2051, is $13,663,732,775 with an incremental value of $13,658,476,444. Table l-B illustrates the projected assessed value for taxes due as of January 2051, assuming two percent (2.00%) annual inflation. The total projected value for the Property within the Zone located in Tarrant County as of January 1, 2051, is $10,825,022,165 with an incremental value of $10,820,572,984. Table 1-13 illustrates the projected assessed value for taxes due as of January 2051, assuming two percent (2.00%) annual inflation. MuniCap 13 Table 1-B Projected Incremental Real Property Tax Revenue Total Projected Total Projected Total Projected Incremental Incremental Tax Taxable Value at Taxable Value at Revenue Through Buildout as of Buildout as of Buildout as of Jurisdiction January 1, 2051 Base Value'-2 January 1, 2051 January 31, 2051. City of Fort Worth $13,663,732,775 $5,256,331 $13,658,476,444 $1,235,155,719 Tarrant County $10,825,022,165 $4,449,181 $10,820,572,984 $287,902,439 'The base value of $5,256,331 represents the allocable share of the 2023 taxable assessed value shown in TAD records allocated based on the proportional acreage of the applicable Parcels within the Zone. 2The base value of $4,449,181 represents the allocable share of the 2023 taxable assessed value shown in TAD records allocated based on the proportional acreage of the applicable Parcels within the Zone to Tarrant County. Refer to Exhibits D-1.1 to D-1.8 for projected tax increment revenues for each year. The financing plan for the categories of public works and Proposed TIRZ Projects (the "Proposed TIRZ Projects", defined in the Veale Ranch Development Agreement as both the "Authorized Improvements" and "TIRZ Improvements") contemplates the issuance of special revenue bonds by the City secured by special PID Assessments ("PID Assessments") levied on property within the Veale Ranch Public Improvement District (the "PID"). The bonds that will be secured by the PID Assessments will be referred to as the "PID Bonds". Pursuant to Section 4.1(f) and (g) of the Veale Ranch Development Agreement, which is recorded with the Fort Worth City Secretary as City Secretary Contract Number 59003, as it currently exists or may be amended from time -to -time in the future, (the "Veale Ranch Development Agreement") between the City and the Original Owners, a portion of the total Authorized Improvement costs are proposed to be funded with PID Bonds. As a result, real property tax increment revenues will be used to pay a portion of the Project Costs by offsetting the PID Assessments imposed on the property within the PID. Throughout this 2024 Amended Plan, capitalized terms referenced in the Veal Ranch Development Agreement have the meanings assigned to them in that agreement. (f) In the event the TIRZ Revenue from a Lot or Parcel exceeds the amount allocated in the Service and Assessment Plan (SAP) to offset or pay a portion of the PID Assessments thereon in any given year, the Surplus TIRZ Revenue shall be retained in the TIRZ Fund and used in accordance with the provisions of Section 4.3 of the Veale Ranch Development Agreement. TIRZ Revenue, Lot and Parcel, and Service and Assessment Plan (SAP) are all as defined in the Veale Ranch Development Agreement. (g) Original Owners and City acknowledge that after the tax increment on a Lot or Parcel has been collected as provided in Section 4.1 (e) of the Veale Ranch Development Agreement, such tax revenues shall be deposited into the TIRZ Fund and applied in accordance with the provisions of Section 4.3 of the Veale Ranch Development Agreement. The TIRZ may include sub -zones coinciding with the Improvement Area from which the PID Assessments are being collected. MuniCap 14 Notwithstanding the City's creation of the TIRZ and the allocation of a portion of the City's tax revenues hereunder, at such time as a portion of the Property is developed and improved for commercial, retail, industrial or other non-residential purposes which would qualify for economic incentives provided under any of the City's economic development programs, the City agrees to consider utilizing the remainder of any ad valorem tax revenues available to the City (including tax revenues available after the PID Assessments have been paid in full), and any other available monies, to promote the economic development of such Parcel, consistent with the provisions of this Veale Ranch Tax Increment Reinvestment Zone Number Sixteen Project and Finance Plan. Improvement Area is as defined in the Veale Ranch Development Agreement. (the remainder of this page is intentionally left blank) MuniCap 15 Z ASSESSMENT AND TAX COLLECTION PROCEDURES 2.1 AUTHORITY AND PURPOSE Pursuant to the Texas Tax Code, all taxable property is appraised at its market value as of January 1 of each year. Each county in Texas is served by an appraisal district, which determines the value of all that county's taxable property. Generally, local governments that collect property taxes, such as counties, cities, and school districts, are members of the appraisal district. The methodology and procedures set forth in this Section 2 are accurate as of the date of this 2024 Amended Plan with the understanding that the same may be revised from time -to -time through legislative or other regulatory changes. To the extent there is a conflict between this Section 2 and any applicable conflicting laws or regulations, then the laws or regulations then in effect will govern. 2.2 METHODOLOGY Each county appraisal district determines the value of all taxable property within the county boundaries. Tax Code Section 25.18 requires appraisal districts to reappraise all property in its jurisdiction at least once every three years. Tax Code Section 23.01 requires that appraisal districts comply with the Uniform Standards of Professional Appraisal Practice if mass appraisal is used, and that the same appraisal methods and techniques be used in appraising the same or similar kinds of property. Individual characteristics that affect the property's market value must be evaluated in determining the property's market value. Before appraisals begin, the appraisal district compiles a list of taxable property. The list contains a description and the name and address of the owner for each property. In a mass appraisal, the appraisal district then classifies properties according to a variety of factors, such as size, use and construction type. Using data from recent property sales, the appraisal district appraises the value of typical properties in each class. Taking into account differences such as age or location, the appraisal district uses typical property values to appraise all the properties in each class. With few exceptions, Tax Code Section 23.01 requires taxable property to be appraised at market value as of January 1. Market value is the price at which a property would transfer for cash or its equivalent under prevailing market conditions if: it is exposed for sale in the open market with a reasonable time for the seller to find a purchaser; both the seller and the purchaser know of all the uses and purposes to which the property is adapted and for which it is capable of being used and of the enforceable restrictions on its use; and both the seller and purchaser seek to maximize their gains, and neither is in a position to take advantage of the exigencies of the other. Source: hitps://comptroller.texas.govliaxes/property-tarlvaluing-property.php MuniCap 16 2.3 APPEALS According to the Tarrant County Appraisal District ("TAD") and Parker County Appraisal District ("PCAD"), property owners may utilize the TAD or PCAD appeal procedures if they have a concern about: • the market or appraised value of the property; • unequal appraisal of the property compared to other properties; • the inclusion of the property on the appraisal roll; • any exemptions that may apply to the property owner; • the qualification for an agricultural or timber appraisal; • the taxable status of the property; • the local governments which should be taxing the property; • the ownership of property; • a change of use of land receiving special appraisal; and/or • any action taken by the chief appraiser, TAD or Appraisal Review Board ("ARB") that applies to and adversely affects the property. If property owners cannot resolve their concern informally with the TAD or PCAD staff, they may have their cases heard by the ARB. The ARB is an independent board of citizens that review problems with appraisals or other concerns listed above. It has the power to order the TAD or PCAD to make the necessary changes to solve problems. If a property owner files a written request for an ARB hearing (called a notice of protest) on or before May 31 (or 30 days after the notice of appraised value was mailed to the property owner, whichever is later), the ARB will set the case for a hearing. The property owner will receive written notice of the time, date, and place of the hearing. After it decides the case, the ARB must send them a copy of its order by certified mail. If the property owner is not satisfied with the decision, it has the right to appeal. If it chooses to go to court, the property owner must start the process by filing a petition within 60 days of the date it receives the ARB's order. In certain cases, as an alternative to filing an appeal in district court, the property owner may file not later than the 45thday after it receives notice of the ARB order a request for binding arbitration with the TAD or PCAD. In certain cases, originating in certain counties, as an alternative to filing an appeal in district court, the property owner may appeal to the State Office of Administrative Hearings (SOAR). An appeal to SOAH is initiated by not later than the 301h day after the property owner receives notice of the ARB's order by filing with the chief appraiser of the TAD or PCAD a notice of appeal. 2.4 TAXATION PROCEDURES The assessment and property tax process for each tax year includes the steps shown in Table 2- A on the following page. (the remainder of this page is intentionally left blank) MuniCap 17 Table 2-A Property Tax Timeline _ Date(s) Event January I CADS are required to appraise property on this date. A lien attaches to each taxable property to ensure property tax payment. January 1 - April 30 CAD completes appraisals and processes applications for exemptions. April - May Appraisal districts send notices of appraised value. May 1 Appraisal review board begins hearing protests from property owners. July I Local taxing units may impose additional penalties for legal costs related to collecting unpaid taxes. August - September Local taxing units adopt tax rates. October I Local taxing units (or county tax assessor -collector, acting on their behalf) begin sending tax bills to property owners. Taxes due to local taxing units (or county tax assessor -collector, if acting on their January I behalf). February 1 Local taxing units begin charging penalties and interest for unpaid lax bills. 2.5 PENALTIES AND INTEREST According to the Texas Comptroller, if taxes are not paid by January 31 ",penalties and interest will accrue are shown in Table 2-B, Table 2-B Penalties and Interest If Tax Paid In: Penalty Interest Total February 6% + 1 % = 7% March 7% + 2% = 9% April 8% + 3% = 11% May 9% + 4% = 13% June 10% + 5% — 15% July 12% + 6% = 18% Penalties reach a maximum of 12% and interest of 1% is added each month after the due date. All real property accounts not paid in full by June 30" of the year in which they become delinquent will be referred to the delinquent tax attorney for enforced collection and will incur an additional penalty equal to 15% - 20% of the total taxes, penalties, and interest due. 2.6 TAX SALE According to the Tarrant County Tax Collector's website and the Parker County Tax Collector's website, tax sales are held once orders of sale are issued from the district courts in reference to tax judgments for delinquent taxes. Real property being sold as a result of a foreclosure to satisfy delinquent taxes is required by Texas law to be sold on the first Tuesday of the month. All counties have sales on the same day. MuniCap 18 2.7 TAx RATES Tax rates are set on an annual basis by the City. For fiscal year 2024, the real property tax rate in the City is $0.6725000 per $100 of assessed value. The City tax rates have fluctuated in past years. It is likely that the tax rate will continue to change over time; for purposes of this study, however, it is assumed that the tax rate will remain at its current level in future years. Table 2-C below provides historical tax rates from fiscal years 2018 to 2024 for the City of Fort Worth. Table 2-C City of Fort Worth Historical Tax Rates 2018-2024 City Tax Rate City Tax Rate City Tax Rate Per $100 Per $100 Assessed Per $100 Fiscal Assessed Value Value Assessed Value Year (M&O) (I&S) (Total) 2018-19 0.616753 0.168247 0.785000 2019-20 0.595000 0.152500 0.747500 2020-21 0.595000 0.152500 0.747500 2021-22 0.585000 2022-23 0.565000 2023-24 0.525000 Source: TAD and City website. 0.147500 0.732500 0.147500 0.712500 0.147500 0.672500 Table 2-D Tarrant County Historical Tax Rates 2018-2024 County Tax County Tax Rate County Tax Rate Rate Per $100 Per $100 Assessed Per $100 Fiscal Assessed Value Value Assessed Value Year (M&O) �I&S) (Total) �2018-19 $0.214135 $0.019865 $0.234000 2019-20 $0.217264 $0.016736 $0.234000 2020-21 $0.217448 $0.016552 $0.234000 2021-22 $0.213553 $0.015447 $0.229000 2022-23 $0.206873 $0,017127 $0.224000 2023-24 $0.178836 $0.015664 $0.194500 Source: TAD MuniCap 19 3. PROJECT PLAN 3.1. DESCRIPTIONS AND MAPS Existing Uses and Conditions. The Property is currently located within both the City's corporate boundaries and the City's extraterritorial jurisdiction in Tarrant County and Parker County, Texas. The Property is comprised of approximately 5181.922 acres. The Property is underdeveloped, and there is limited public infrastructure to support development. Development will require public infrastructure that: (1) the City cannot provide; and (2) will not be provided solely through private investment in the foreseeable future. A map of the Property and the Zone are shown on Exhibit A. Proposed Uses. The Property is zoned in accordance with the City's Comprehensive Plan and Zoning Ordinance (the "City's Comprehensive Plan and Zoning Ordinance"). A map of the Property is shown on Exhibit A-t and A-2 and the property within the TIRZ is anticipated to be used primarily for commercial, industrial, retail, multi -family, and residential uses. Property Description. The descriptions of the Parcels that comprise the Property are provided on Exhibit B. The list of Parcels in the Zone is shown in Exhibit F. 3.2. PROPOSED CHANGES TO ORDINANCES, PLANS, CODES, RULES AND REGULATIONS Development of the Property will involve only those changes established by the City pursuant to the applicable City standards and as contemplated in the Veale Ranch Development Agreement. 3.3. ESTIMATED NON -PROJECT COSTS Non -project costs are funds that will be spent to develop in the Zone but will not be financed by the Zone, which are estimated at approximately $604,500,000 for the total property within the Zone. 3.4. RELOCATION OF DISPLACED PERSONS No persons will be displaced or relocated due to the creation of the Zone or implementation of the 2024 Amended Plan. (the remainder of this page is intentionally left blank) MuniCap 110 4. FINANCING PLAN 4.1. ESTIMATED PROJECT COSTS The total project costs of the Zone (the "Project Costs") include the Administrative Costs defined below and the costs of the Proposed TIRZ Projects as well as related interest expense are estimated to be approximately $812,500,000, as set forth in Exhibit G-1. The Project Costs for administration of the Zone shall be the actual, direct costs paid or incurred by or on behalf of the City to administer of the Zone (the "Administrative Costs"). The Administrative Costs include the costs of professional services, including those for planning, engineering, and legal services paid by or on behalf of the City. The Administrative Costs also include organizational costs, including the costs of conducting studies, the cost of publicizing the creation of the Zone, and the cost of implementing the project plan for the Zone paid by or on behalf of the City. The Administrative Costs shall be paid each year from the TIRZ Fund before any other Project Costs are paid. 4.2. PROPOSED PUBLIC IMPROVEMENTS Categories of Proposed TIRZ Projects. The Proposed TIRZ Projects that are proposed to be financed within the Zone include, but are not limited to: roadway improvements, including excavation and street paving, sanitary sewer improvements, storm sewer improvements, water distribution improvements, public landscaping, and engineering fees, as further specified in Exhibit G-2. All Proposed TIRZ Projects shall be designed and constructed in accordance with the applicable City standards and shall be reviewed, inspected, approved, and accepted by the City. At the discretion of the City, some of the Proposed TIRZ Projects that are to be financed with the TIRZ increments may be owned by the City but maintained by a third party as may be agreed by the City from time to time. In accordance with Texas Tax Code 311.010(h), as may be necessary or convenient to the support of eligible projects described in the Plan involving industrial or corporate office development that meet the requirements as defined in the City of Fort Worth's Economic Development Program Policy (the "380 Policy") for Grants and Loans Authorized by Chapter 380, Texas Local Government Code (the "Chapter 380"), the TIF Board is authorized to enter into economic development program agreements providing for the conditional grant of TIF funds pursuant to the 380 Policy and Chapter 380. Locations of Proposed TIRZ Projects. The locations of the Proposed TIRZ Projects to be constructed within the Zone are currently only estimates. The locations may be revised by City Staff without amending the 2024 Amended Plan. 4.3. ECONOMIC FEASIBILITY The Property within the TIRZ boundary is currently zoned for agricultural and residential uses. As shown in Exhibit H, the current aggregate taxable assessed value of the property in the MuniCap Ill development based on the proportional acreage of the applicable Parcels is $5,256,331 (shown as assessed value in the TAD and PCAD). For purposes of this Plan, economic feasibility has been evaluated over the term of the Zone based on the projected taxable value growth as shown in the projected incremental assessed values and projected incremental taxes shown in Exhibits C-1.1.1 to C-1.27.2, Exhibits C-2.1.1 to C-2.7.2, and Exhibits D-1.1 to D-1.8. This evaluation focuses only on `direct' financial benefits (i.e., projected tax revenues from new development in the Zone) of the Proposed TIRZ Projects to be constructed within the Zone and does not take into consideration the potential `multiplier effect' of this development towards new development outside the Zone and the non -property tax revenue - related benefits like job creation to the properties within and outside of the Zone. The new proposed development could not occur without the Proposed TIRZ Projects required to be constructed within the Zone. The total projected value of the new development in the City of Fort Worth as of January 1, 2082, is $313,284,377 with an incremental value of $313,239,153. The new development is projected to generate approximately $2,797,932,642 in projected incremental real property taxes during the anticipated term of the Zone as shown in Table 4-A. l below. Table 4-A.1 Projected Incremental Tax Revenue — City of Fort Worth Total Projected Total Projected Total Projected Incremental Value Annual Incremental Incremental Tax during the Final Tax Revenue at Revenue during Year of the TIRZ Buildout (Due by the Final Year of Jurisdiction Term January 31, 2051) the TIRZ Term City of Fort Worth $313,239,153 $91,853,254 $2,797,932,642 Based on the eighty -three-year (83) term agreed upon by the City of Fort Worth with properties released alter thirty (30) year terms. The total projected value of the new development in Tarrant County as of January 1, 2052, is $11,041,522,608 with an incremental value of $11,037,073,427. The new development is projected to generate approximately $309,369,546 in projected incremental real property taxes during the anticipated term of Tarrant County within the Zone as shown in Table 4-A.2 below. Table 4-A.2 Projected Incremental Tax Revenue — Tarrant County Total Projected Total Projected Total Projected Annual Incremental Incremental Tax Incremental Value Tax Revenue at Revenue the the Final Year of Buildout (Due by Final Year of the Jurisdiction the TIRZ Term' January 31, 2051) TIRZ Term Tarrant County $11,037,073,427 $21,046,014 $309,369,546 ' Based on the thirty-year (30) term agreed upon by Tarrant County. MuniCap 112 The new development is projected to generate approximately $3,107,302,189 in combined projected incremental real property taxes as shown in Table 4-13 below. Table 4-B Projected Incremental Tax Revenue — Combined Total Projected Annual Incremental Tax Revenue Total Projected at Buildout (Due by Incremental Tax Revenue .jurisdiction .January 31, 2051) Generated by the TIRZ City of Fort Worth` $91,853,254 $2,797,932,642 Tarrant Countv2 $21,046,014 $309,369,546 Total3 $112,899,269 $3,107,302,189 Total generated by the TIRZ at the end of the eighty -three-year (83) term agreed upon by the City of fort Worth with properties released after thirty (30) year terms. z Total generated by the TIRZ at the end of the thirty-year (30) term agreed upon by Tarrant County. } Total combined projected incremental real property taxes. Approximately 35.00% of the new tax revenue generated from the new development within the Zone will be retained by the City. The remaining 65.00% of the new tax revenue generated by the new development within the Zone will be available to pay for Project Costs until the earlier of (i) completion of all Project Costs, or (ii) the term of the Zone expires on December 31, 2105. Upon release after 30 years or expiration or termination of the Zone, 100.00% of all tax revenue generated within the Zone will be retained by the City. These projections assume a two percent (2.00%) annual property value inflation factor. As shown in Exhibits D-1.1 to D-1.4, the total anticipated TIRZ contribution amount towards the Project Costs is projected to be $2,797,932,642. As a result, the TIRZ is anticipated to generate $1,759,983,846 for payment of Project Costs. The total amount of projected incremental revenue available to the City is $979,276,425 (i.e. $2,797,932,642 - $1,818,656,218). As shown in Exhibit D-1.4, following the release of Parcels from the TIRZ, 100% of the tax revenue generated on those Parcels will be available to the City, therefore, $8,376,550,797 in excess incremental real property taxes during the anticipated term of the Zone for payment of costs of the City, demonstrating economic feasibility of the proposed TIRZ structure. Table 4-C.1 on the following page shows the projected TIRZ contribution by each participating jurisdiction. (the remainder of this page is intentionally left hlank) MuniCap 113 Table 4-C.1 Projected TIRZ Contribution — City of Fort Worth Total Total Projected Projected Incremental Tax Incremental Total Projected Total Projected Total Projected Revenue Tax Revenue Incremental Tax Incremental Tax Incremental Tax Retained by the Retained by Revenue during Revenue Available Revenue City after release the City at the the Term of the for payment of Retained by the from TIRZ end of the Jurisdiction TIRZ' Pro'ect Costs' City 3 Obli ationsa Term' City of Fort Worth $2,797,932,642 $1,818,656,218 $979,276,425 $7,397,274,372 $8,376,550,797 Based on the eighty -three-year (83) term agreed upon by the City of Fort Worth with properties released after thirty (30) year terms z Represents the total projected incremental tax revenue available for the payment of the Project Costs. 3 Represents the total projected incremental tax revenue available for the City after payment of Project Costs. ° Represents the total projected incremental tax revenue available for the City after release of Parcels from TIRZ obligations. s Represents the total projected incremental tax revenue available for the City assuming the TIRZ contribution is fully paid out. Approximately 50.00% of the new tax revenue generated from the new development within the Zone will be retained by Tarrant County. The remaining 50.00% of the new tax revenue generated by the new development within the Zone will be available to pay for Project Costs until the earlier of (i) completion of all Project Costs, or (ii) the term of the Zone expires on December 31, 2105. After 30 years, 100.00% of all tax revenue generated within the Zone in Tarrant County will be retained by the County, unless the term is amended. These projections assume a two percent (2.00%) annual property value inflation factor. As shown in Exhibits D-1.5 to D-1.6, the total anticipated TIRZ contribution amount towards the Project Costs is projected to be $154,684,773. As a result, the TIRZ is anticipated to generate $154,684,773 (i.e. $309,369,546 - $154,684,773) in excess incremental real property taxes during the anticipated term of the Zone available to Tarrant County for payment of costs, demonstrating economic feasibility of the proposed TIRZ structure. Table 4-C.2 below shows the projected TIRZ contribution by each participating jurisdiction. Table 4-C.2 Projected TIRZ Contribution — Tarrant County Total Projected Total Projected Incremental Tax Incremental Tax Total Projected Revenue Available Revenue Incremental Tax for payment of Retained by the Jurisdiction Revenue' Project Costs' County' Tarrant County $309,369,546 $154,684,773 $154,684,773 Represents the projected incremental tax revenues generated from the Property in Tarrant County during the thirty-year (30) term agreed upon by Tarrant County. 2 Represents the total projected incremental tax revenue available for the payment of the Project Costs. 3 Represents the total projected incremental tax revenue available for the County after payment of Project Costs. MuniCap 114 As shown in Exhibits D-1.7 to D-1.8, the total anticipated TIRZ contribution amount towards the Project Costs is projected to be $1,973,340,991. As a result, the TIRZ is anticipated to generate $8,531,235,570 (i.e. $3,107,302,189 - $1,973,340,991) in excess incremental real property taxes during the anticipated term of the Zone available to the City of Fort Worth and Tarrant County for payment of costs, demonstrating economic feasibility of the proposed TIRZ structure. Table 4-D below shows the projected TIRZ contribution by each participating jurisdiction. Table 4-D Projected TIRZ Contribution -- Combined Total Projected Total Projected Total Projected Incremental Tax Incremental Tax Incremental Tax Revenue Revenue Available Revenue Generated in the for payment of Retained by the Jurisdiction TIRZ',' ^ Project Costs City/County° City of Fort Worth 2,797,932,642 1,818,656,218 8,376,550,797 Tarrant County 309,369,546 154,684,773 154,684,773 Total $3,107,302,189 $1,973,340,991 $8,531,235,570 Based on the eighty -three-year (83) term agreed upon by the City of Fort Worth with properties released after thirty (30) year terms. 2 Represents the projected incremental tax revenues generated from the Property in Tarrant County during the thirty-year (30) term agreed upon by Tarrant County. Represents the total projected incremental tax revenue available for the payment of the Project Costs. a Represents the total projected incremental tax revenue available for the City and County after payment of Project Costs. 4.4. TIRZ PARTICIPATION LEVEL For properties within the TIRZ, 65% of the total City incremental real property tax revenue will be pledged to the TIRZ Fund as shown in Table 4-E below. For properties within Tarrant County within the TIRZ, an additional 50% of the County incremental real property tax revenue will be pledged to the TIRZ Fund for thirty years as shown in Table 4-E. Table 4-E TIRZ Participation by Entity Jurisdiction TIRZ Participation Level City of Fart Worth 65% . Tarrant County 50% for 30 years Pursuant to Section 4.2 of the Veale Ranch Development Agreement, there is a potential for an increase in the TIRZ participation level based on the conditions below: MuniCap 115 4.2 Increase in City Participation in TIRZ. (a) The Original Owners and the City acknowledge and agree that (A) the Developer of an Improvement Area may periodically request the City to (i) Ievy PID Assessments on the Property in such Improvement Area consistent with Section 3.2 of the Veale Ranch Development Agreement ("Assessment Request"); (ii) issue PID Bonds consistent with Section 3.4 of the Veale Ranch Development Agreement ("Bond Request"); and (iii) zone any portion of the Property in accordance with the Concept Plan ("Zoning Request"); and that (B) the City will use commercially reasonable efforts to comply with such requests within all applicable legal constraints. (b) In the event a Developer makes an Assessment Request or, Bond Request, or an Original Owner makes a Zoning Request and the City willfully refuses to comply with such request after the preconditions set forth below have all been met, then the TIRZ Revenues to be paid by the City into the TIRZ Fund will automatically increase from sixty-five percent (655/o) to one hundred percent (I00%) in accordance with the terms of this Section 4.2 of the Veale Ranch Development Agreement ("TIRZ Escalation"). i. Assessment Request 1. In order for the TIRZ Escalation to apply for an Assessment Request, all of the following preconditions must occur: I. Developer must meet all of its obligations under Section 3.2 of the Veale Ranch Development Agreement. II. Developer must complete construction of all Authorized Improvements for which a PID Assessment will be levied within the applicable Improvement Area. III. Developer must ensure that ownership of all Authorized Improvements has been transferred to, or is legally ready to be transferred to, the City, where appropriate. IV. Developer must provide a complete list of all properties to be subject to PID Assessment, including, but not Iimited to, legal descriptions and owner information. V. Developer must execute all necessary and customary contracts, including, but not limited to, a Landowner Consent Certificate and agricultural waiver agreement, if requested by the City. VI. City's PID Administrator has verified all of the information submitted to the City by the Developer. MuniCap 116 VII. Developer must be current on all its legally required real property filings for the PID. VIII. Developer must not be in default under any other agreement with the City relating to the PID or any Authorized Improvements, including, but not limited to, any community facilities agreements, the Master Reimbursement Agreement, any phase -specific Reimbursement Agreements, and any continuing disclosure agreements. IX. Developer has provided to the City any and all necessary and accurate information to be included in the SAP, including, but not limited to, any applicable updates thereto, for review by the City and its PID Administrator at least ten weeks prior to the proposed date for adoption of an Assessment Ordinance to afford the City and its consultants sufficient enough time to confirm the completeness and accuracy all of the submitted information before placing the same on a City Council agenda for consideration. 2. Notwithstanding anything to the contrary, the TIRZ Escalation for an Assessment Request will not be effective if the City's ability to levy PID Assessments is prevented, either in whole or in part, by any actions or inactions of the Developer. Landowner Consent Certificate, Master Reimbursement Agreement, PID Administrator, Assessment Ordinance are all as defined in the Veale Ranch Development Agreement. ii. Bond Request 1. In order for the TIRZ Escalation to apply for a Bond Request, all of the following preconditions must occur: I. Developer must comply with all of the conditions set forth above in Section (b)i of the Veale Ranch Development Agreement. II. Developer must fully comply with its obligations under Section 3.4 of the Veale Ranch Development Agreement. 2. Notwithstanding anything herein to the contrary, the TIRZ Escalation for a Bond Request will not be effective if: I. The City's ability to issue PID Bonds is prevented, either in whole or in part, by any actions or inactions of the Developer; MuniCap 117 II. Sufficient revenues in the TIRZ Fund exist to pay Developer the same amount as the PID Bonds would have produced and such revenues are actually paid out to Developer; III. Developer requests that PID Bonds be issued as rated securities and the PID Bonds are rated below investment grade by one or nationally recognized ratings agencies; or IV. PID Bonds are not marketable (as determined by an underwriter). iii. Zoning Request 1. In order for the TIRZ Escalation to apply for a Zoning Request, all of the following preconditions must occur: I.Original Owner must submit an application to the City to zone the Parcel or Lot in compliance with the Concept Plan (the, "Concept Plan"), in effect on the Effective Date (the, "Effective Date") or amended thereafter by mutual agreement of the City and the Original Owners. II. City Council must deny the Original Owner's Zoning Request. III. The TIRZ Escalation will only apply to an initial Zoning Request by the Original Owner for a particular Parcel or Lot (i.e., not a subsequent request to re -zone the Property). IV. The TIRZ Escalation shall apply if the City subsequently re- zones such Property on its own action in a manner inconsistent with the Concept Plan (as of the date of re -zoning) and not upon the request of the Original Owner." Additional information about the dispute resolution process and the duration of the TIRZ Escalation is set forth in the Veale Ranch Development Agreement. 4.5. ESTIMATED BONDED INDEBTEDNESS The 5181.922 acres comprising the Zone will also be Iocated within the PID. It is anticipated that PID Bonds or other similar debt obligations may be incurred in the future, in which a credit in the amount equal to 65.00% of the City total incremental real property tax revenue for properties within the Zone and 50% of the County total incremental real property tax revenue for properties within Tarrant County within the Zone will be made to offset the PID Assessment imposed on the property in the PID. MuniCap 118 4.6. ESTIMATED TIME FOR COSTS OR OBLIGATIONS The Project Costs are estimated to be incurred within the term of the TIRZ. The Administrative Costs will be incurred annually and will continue to be collected until all Project Costs are reimbursed or the term of the Zone has expired. 4.7. METHOD OF FINANCING The City, in the future, will pay (using the TIRZ funds) the Project Costs as annual TIRZ contributions. The Final Plan shall obligate the City to pay from the TIRZ Fund annual TIRZ contributions related to the Project Costs, which shall be reviewed and approved by the City. Funds deposited into the TIRZ Fund shall always first be applied to pay the Administrative Costs. After the Administrative Costs have been paid, funds in the TIRZ Fund shall next be used to pay or reimburse the Project Costs in accordance with Section 4.3(a) of the Veale Ranch Development Agreement. All payments of Project Costs shall be made solely from the TIRZ Fund and from no other funds of the City unless otherwise approved by the respective governing body, and the TIRZ Fund shall only be used to pay the Project Costs. The Final Plan shall obligate the City to deposit into the TIRZ Fund each year for the duration of the Zone a portion of the Tax Increment calculated as a millage rate per $100 of the taxable assessed value in the Zone that equals 65.00% of the incremental property taxes collected in the Zone for years one through eighty-two (I-82). Reference Section 4.4 for TIRZ Escalation. Tarrant County, in the future, will pay (using the TIRZ funds) the Project Costs as annual TIRZ contributions. The 2024 Amended Plan shall obligate Tarrant County to pay from the TIRZ Fund annual TIRZ contributions related to the Project Costs, which shall be reviewed and approved by the County. Funds deposited into the TIRZ Fund shall always first be applied to pay the Administrative Costs. After the Administrative Costs have been paid, funds in the TIRZ Fund shall next be used to pay or reimburse the Project Costs in accordance with Section 4.3(a) of the Veale Ranch Development Agreement. All payments of Project Costs shall be made solely from the TIRZ Fund and from no other funds of the County unless otherwise approved by the respective governing body, and the TIRZ Fund shall only be used to pay the Project Costs. The 2024 Amended Plan shall obligate the County to deposit into the TIRZ Fund each year for the duration of the Zone a portion of the Tax Increment calculated as a millage rate per $100 of the taxable assessed value for the Property in Tarrant County within the Zone that equals 50.00% of the incremental property taxes collected in the Zone for years one through thirty (1-30). 4.8. TOTAL APPRAISED VALUE The current total taxable assessed value of taxable real property in the Zone is $5,256,331 as shown in Exhibit H. It is estimated that upon expiration of the term of the Zone, the total appraised value of taxable real property in the Zone is estimated to be $302,459,948. 4.9. ESTIMATED CAPTURED APPRAISED VALUE TAXABLE BY THE CITY The captured appraised value of the Property taxable by the City for a year is the total taxable value of the Property for that year less the tax increment base of the Property. The tax increment MuniCap 119 base of the Property is the total taxable value of the Property for the year in which the Zone was designated. If the Zone is created during calendar year 2023, the tax increment base of the Property will be $5,256,331 as shown in Exhibit H. 4.10. DURATION OF THE ZONE; TERMINATION The stated term of the Zone shall be eighty-three (83) years and commence on September 12, 2023 (base value as of January 1, 2023), and shall continue until December 31, 2105, unless otherwise terminated in accordance with this section, Section 4.1(e) of the Veale Ranch Development Agreement, below, and the Act. Applicable TIRZ revenues will be collected and deposited over a period of eighty-two (82) years with the final year being solely dedicated to winding down the TIRZ. The City shall have the right to terminate the Zone prior to the expiration of its stated term if all the Project Costs have been paid. If upon expiration of the stated term of the Zone, Project Costs have not been paid, the City has no obligation to pay the shortfall. The provisions of this section shall be included in the ordinance that creates the Zone. Nothing in this section is intended to prevent the City from extending the term of the Zone in accordance with the -Act. (e) Subject to approval by City Council, the TIRZ shall be created to have a term of eighty-three (83) years and expire pursuant to Section 311.017 of the Texas Tax Code. Applicable TIRZ Revenues will be collected and deposited into the TIRZ Fund over a period of eighty-two (82) years with the final year being solely dedicated to winding down the TIRZ. At such time as the Assessment levied on an individual Lot or Parcel has been paid in full, tax revenues from such Lot or Parcel shall no longer be used to pay any Assessments or portion thereof and all of such tax revenues thereafter shall be applied as provided in Section 4.3 of the Veale Ranch Development Agreement. Notwithstanding the preceding, in the event Assessments levied on a Lot or Parcel have a term of less than thirty (30) years (or the City does not Ievy Assessments on such Lot or Parcel), the tax revenue shall continue to be paid into the TIRZ Fund through the thirtieth (30tn) year and used in accordance with the provisions of Section 4.3 of the Veale Ranch Development Agreement. In determining if Assessments are being levied on a Lot or Parcel for a term of thirty (30) years, the Parties intend for the City to collect a total of thirty (30) annual payments of TIRZ Revenues for each Lot or Parcel and to deposit such payments into the TIRZ Fund. The date of such payments, based on timing of collections and reimbursement of Assessments, may extend longer than thirty (30) years, but such total term shall be considered "a term of 30 years." The collection of TIRZ Revenue shall not be triggered until such Lot or Parcel is (i) annexed into the corporate limits of the City and made subject to taxation by the City, and (ii) Completion of Construction of the Authorized Improvements serving such Lot or Parcel has occurred. (the remainder of this page is intentionally left blank) MuniCap 120 S. ASSUMPTIDNAND LIMITATIONS The valuation of property for real property tax purposes is determined by the Tarrant Appraisal District and Parker County Appraisal District. This plan attempts to estimate how the TAD and PCAD may estimate the value of the subject properties in the future. The values estimated by the TAD and PCAD will almost certainly differ from the estimates included in this report. Values can change significantly over time, and these changes can be significantly higher or lower than values in previous years. Determining property values for tax purposes is not as straight forward or as simple as the analysis in this report. Many factors not considered in this report may impact actual future values. Furthermore, property values are not likely to be consistent from year to year. The TAD and PCAD often relies on market data to estimate the value of property. Property values can be appealed, competition can be greater, national, or local market conditions can change; in short, there are many factors that can affect the valuation of property. These factors make the projection of future values an imprecise exercise. The successful development of the subject properties is critical to the values estimated in the report. This report has assumed property taxes are paid as due. This report does not include an analysis to determine if the owners of property within the Zone will be able or willing to pay property taxes or if the tax collector will be able to collect unpaid taxes. The actual delinquencies in the payment of real property taxes in the Zone will likely be different than assumed in this report and a significant increase in the failure to pay property taxes would materially affect the tax increment revenues available for the payment of Project Costs. This report estimates future tax increment revenues based on current real property tax rates. Scenarios do not assume real property tax rates in the future will be different than tax rates for fiscal year 2023 as shown in Table 2-C and Table 2-D. Real property tax rates have varied over the years and have declined over the years. Real property tax rates will likely vary significantly in future years and be different than assumed in this report and a significant decrease in real property tax rates could materially affect the tax increment revenues available for the payment of Project Costs. This report includes projections of tax increment revenues based on two percent annual appreciation for real property. Changes in values will not be consistent from year to year. Future values are estimated based on values in 2023. Values in any future year may be less than values in 2023. This report assumes that the subject properties will be developed as projected in this report. A delay in the development of properties or changes to the program of development would reduce tax increment revenues during the years of the delay and could result in there being inadequate tax increment revenues to pay the Project Costs. No analysis has been conducted to determine if the subject properties are likely to be developed as projected. MuniCap 121 Numerous sources of information were relied on in the preparation of this report. These sources are believed to be reliable; however, no effort has been made to verify information obtained from other sources. In summary, this report necessarily incorporates numerous estimates and assumptions with respect to property performance, general and local business and economic conditions, the absence of material changes in the competitive environment and other matters. Some estimates or assumptions will inevitably not materialize, and unanticipated events and circumstance will occur. As a result, actual results will vary from the estimates in this report and the variations may be material. Other assumptions made in the preparation of this report and limiting conditions to this report are as follows: 1. There are no zoning, building, safety, environmental or other federal, state, or local laws, regulations, or codes that would prohibit or impair the development, marketing, or operation of the subject properties in the manner contemplated in this report, and the subject properties will be developed, marketed, and operated in compliance with all applicable laws, regulations, and codes. 2. No material changes will occur in (a) any federal, state, or local law, regulation, or code affecting the subject properties or (b) any federal, state, or local grant, financing, or other programs to be utilized in connection with the subject properties. 3. The local, national, and international economies will not deteriorate and there will be no significant changes in interest rates or in rates of inflation or deflation. 4. The subject properties will be served by adequate transportation, utilities, and governmental facilities. The subject properties will not be subjected to any war, energy crises, embargo, strike, earthquake, flood, fire, or other casualty or act of God. 6. The subject properties will be developed, marketed, and operated in a highly professional manner. 7. There are no existing, impending, or threatened litigation that could hinder the development, marketing, or operation of the subject properties. 8. MuniCap, Inc. does not have expertise in and has no responsibility for Iegal, environmental, architectural, geologic, engineering, and other matters related to the development and operation of the subject properties. (the remainder of this page is intentionally left blank) -- - MuniCap 122 6. LIST OF EXHIBITS Unless otherwise stated, all references to "Exhibits" contained in this 2024 Amended Plan shall mean and refer to the following exhibits, all of which are attached to and made a part of this 2024 Amended Plan for all purposes. Exhibit A-1.1 Map of the Property and TIRZ Zone Exhibit A-1.2 Aerial Map of the Zone Exhibit B Description of Property in the Zone — Legal Descriptions Exhibit C-1.1.1 Projected Taxable Value — 2025 Development— Summary Exhibit C-1.1.2 Projected Taxable Value — 2025 Development — Tarrant County Exhibit C-1.2.1 Projected Taxable Value — 2026 Development — Summary Exhibit C-1.2.2 Projected Taxable Value — 2026 Development — Tarrant County Exhibit C-1.3.1 Projected Taxable Value— 2027 Development — Summary Exhibit C-1.3.2 Projected Taxable Value — 2027 Development — Tarrant County Exhibit C-1.4.1 Projected Taxable Value — 2028 Development — Summary Exhibit C-1.4.2 Projected Taxable Value — 2028 Development — Tarrant County Exhibit C-1.5.1 Projected Taxable Value — 2029 Development — Summary Exhibit C-1.5.2 Projected Taxable Value -- 2029 Development -- Tarrant County Exhibit C-1.6.1 Projected Taxable Value — 2030 Development — Summary Exhibit C-1.6.2 Projected Taxable Value -- 2030 Development — Tarrant County Exhibit C-1.7.1 Projected Taxable Value — 2031 Development — Summary Exhibit C-1.7.2 Projected Taxable Value — 2031 Development— Tarrant County Exhibit C-1.8.1 Projected Taxable Value — 2032 Development — Summary Exhibit C-1.8.2 Projected Taxable Value — 2032 Development — Tarrant County Exhibit C-1.9.1 Projected Taxable Value — 2033 Development — Summary Exhibit C-1.9.2 Projected Taxable Value — 2033 Development — Tarrant County Exhibit C-1.10.1 Projected Taxable Value -- 2034 Development — Summary Exhibit C-1.10.2 Projected Taxable Value — 2034 Development -- Tarrant County Exhibit C-1.11.1 Projected Taxable Value — 2035 Development — Summary Exhibit C-1.11.2 Projected Taxable Value — 2035 Development -- Tarrant County Exhibit C-1.12.1 Projected Taxable Value — 2036 Development — Summary Exhibit C-1.12.2 Projected Taxable Value — 2036 Development — Tarrant County Exhibit C-1.13.1 Projected Taxable Value — 2037 Development — Summary Exhibit C-1.13.2 Projected Taxable Value — 2037 Development — Tarrant County Exhibit C-1.14.1 Projected Taxable Value — 2038 Development — Summary Exhibit C-1.14.2 Projected Taxable Value — 2038 Development — Tarrant County Exhibit C-1.15.1 Projected Taxable Value — 2039 Development — Summary Exhibit C-1.15.2 Projected Taxable Value — 2039 Development — Tarrant County Exhibit C-1.16.1 Projected Taxable Value — 2040 Development — Summary Exhibit C-1.16.2 Projected Taxable Value — 2040 Development— Tarrant County Exhibit C-1.17.1 Projected Taxable Value — 2041 Development — Summary Exhibit C-1.17.2 Projected Taxable Value — 2041 Development — Tarrant County Exhibit C-1.18.1 Projected Taxable Value — 2042 Development— Summary MuniCap 123 Exhibit C-1.18.2 Projected Taxable Value — 2042 Development — Tarrant County Exhibit C-1.19.1 Projected Taxable Value — 2043 Development — Summary Exhibit C-1.19.2 Projected Taxable Value— 2043 Development— Tarrant County Exhibit C-1.20.1 Projected Taxable Value — 2044 Development— Summary Exhibit C- I.20.2 Projected Taxable Value — 2044 Development — Tarrant County Exhibit C-1.21.1 Projected Taxable Value — 2045 Development — Summary Exhibit C-1.21.2 Projected Taxable Value — 2045 Development — Tarrant County Exhibit C-1.22.1 Projected Taxable Value — 2046 Development — Summary Exhibit C-1.22.2 Projected Taxable Value — 2046 Development — Tarrant County Exhibit C-1.23.1 Projected Taxable Value — 2047 Development — Summary Exhibit C-1.23.2 Projected Taxable Value — 2047 Development — Tarrant County Exhibit C-1.24.1 Projected Taxable Value — 2048 Development — Summary Exhibit C-1.24.2 Projected Taxable Value — 2048 Development — Tarrant County Exhibit C-1.25.I Projected Taxable Value -- 2049 Development — Summary Exhibit C-1.25.2 Projected Taxable Value — 2049 Development — Tarrant County Exhibit C-1.26.1 Projected Taxable Value — 2050 Development — Summary Exhibit C-1.26.2 Projected Taxable Value — 2050 Development — Tarrant County Exhibit C-1.27.1 Projected Taxable Value — 2051 Development — Summary Exhibit C-1.27.2 Projected Taxable Value— 2051 Development— Tarrant County Exhibit C-2.I.1 Projected Taxable Value — Development Years 2025-2029 — Summary Exhibit C-2.1.2 Projected Taxable Value — Development Years 2025-2029 — Tarrant County Exhibit C-2.2.1 Projected Taxable Value — Development Years 2030-2034 — Summary Exhibit C-2.2.2 Projected Taxable Value -- Development Years 2030-2034 — Tarrant County Exhibit C-2.3.1 Projected Taxable Value —Development Years 2035-2039 — Summary Exhibit C-2.3.2 Projected Taxable Value — Development Years 2035-2039 — Tarrant County Exhibit C-2.4.1 Projected Taxable Value — Development Years 2040-2044 — Summary Exhibit C-2.4.2 Projected Taxable Value — Development Years 2040-2044 — Tarrant County Exhibit C-2.5.1 Projected Taxable Value — Development Years 2045-2049 — Summary Exhibit C-2.5.2 Projected Taxable Value — Development Years 2045-2049 — Tarrant County Exhibit C-2.6.1 Projected Taxable Value — Development Years 2050-2051 — Summary Exhibit C-2.6.2 Projected Taxable Value — Development Years 2050-2051 — Tarrant County Exhibit C-2.7.1 Projected Taxable Value — All Development Years — Summary Exhibit C-2.7.2 Projected Taxable Value —All Development Years — Tarrant County MuniCap 124 Exhibit D-1.1 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for TIRZ Obligations — City of Port Worth Exhibit D-1.2 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for the City Exhibit D-1.3 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for the City after Release from the TIRZ Exhibit D-1.4 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for the City — Summary Exhibit D-1.5 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for TIRZ Obligations — Tarrant County Exhibit D-1.6 Projected Incremental Assessed Value & IncrementaI Real Property Taxes Available for the County Exhibit D-1.7 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for TIRZ Obligations — Total Exhibit D-1.8 Projected IncrementaI Assessed Value & Incremental Real Property Taxes Available for the City and County - TotaI Exhibit E Map and Description of the Proposed Uses of the Property (Current Concept Plan) Exhibit F List of Parcels in the Zone Exhibit G-I Project Costs Exhibit G-2 Authorized Improvements Exhibit H Current Appraised Value of the Zone (Base Year) MnniCap 125 EXHIBIT A-1.1 MAP OF THE PROPERTY AND TIRZ ZONE 7 E lam EXHIBIT A-1.2 AERIAL MAP OF THE ZONE Big H L G FAARKUM IIA ANCH K= 41 1 � • ' } �'1 EXHIBIT B DESCRIPTION OF THE PROPERTY -- LEGAL DESCRIPTIONS Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Legal Descriptions Property ID Acerage Legal Description' 3910903 ' 0.8800 R CO SURVEY _Abstract'624-Tract 2'_ G,H & H R R_URV 4144066 29.2090 a_ ROGERS, T F SEY Abstrct 1357 Tract I 4 4224310 : , 71-.4630 _ , T.& N,0 RR CO SURVEY Abstract 1565 Tract 2, 4914287 4.9200 LANGSTON, ELIZABETH SURVEY Abstract 988 Tract 2 L..:6234097 _ - 271.1•Y00 FINLEY, THEODORE SURVEY Abstract 1878'Tract IA_. _ _ { .� _- 2341 619 172.3200 FINLEY, D T_SURVEY Abstract 19-01 Tract 2A - ----_ - ----. -- -._ 40518566 4.I400 , _ _ -- - --- -- -� ------__-- - - DIXON, DAN H SURVEY Abstract 442 Tract IA04 40549852 33.4000� FINLEY, D T SURVEY Abstract 1900 Tract 1B A1842 TR_1B & A 623 TR 3A, CITY BOUNDARY SP_I 40549860~ LANE,-HENRY,SURVEY Abstract 928 T_ract_IAI IA2_IB' iB2_A.113213 iB_2C1 IF & 1G HS Y W i �41302796 _L000_4 I6.0000 sR _ m SOCORR_O FARMING COSURVEY Abstract 1842 Tract 1C�& A1900 TR IC �41460901�_ S.OQII IO LANE;_HENRY SURVEY_ Abstract_92_8 Tract IA1A IA3 1B2 1B_3�ID_& TR lE- _ _ 4223149I 2.1900� FINLEY, D T SURVEY Abstract 1900 Tract 1 y f2ITE25 _ 40.160D FINLEY, D T SURVEY Abstract 1903 Tract lAl 42308346 1.5880 VENTANA PUMPING STATION ADDN Block 1 Lot ° �4_2_308354 �42346213 _ 4.093D_ _1 V_E_NTA_NA PUMPING STATION_ADD_N Slock_I I o_t wt 6.6000- FINLEY, D T SURVEY Abstract 1900 Tract IB A1842 TR ]B & A 623 TR 3A, CITY BOUNDARY SPI ,�.._._.._..... _.«_._.,. ..._ ! 42346221 , L. _.._,«.,.w...wr..»,-...+-.,.....r.,_..,.. " ' 0.8620 ...._., .+_. r,.- FINLEY; D T SURVEY Abstract 1900 Tract 1 CITY BOUNDARY SPLIT _ _ _�, _ _� 3.8400 DIXON, DAN HSURVEY Abstract 442 Tract IA6 _42346230 i .42346248,E 0.2100° ' _ DI_XON, DAN _H_SUI�VEYVAbstract�.442_Tract 1A4C _._ �"_ _ .._ w _ ._ _ � _ �'v - 4249I221 µ✓ -13.5000 DIXON, DAN H_SURVEY Abstract 442 Tract IA04D SEPARATED TRACT 42502339 ~ 15.0000 LANE -HENRY SURVEY Abstract'9928 Tract IAI IA2.IB1B2A,1B2B IB2C1 IF & 1G LESS H3 j 4272I243 _111.1970� T &N O RR CO SURVEY Abstract 1565 Tract 2B `f 42721413 4 23_.8500 - FINNLEY, D T SURVEY Abstract 1901, Tract 2A1~ 42721430 24.4200 ROGE_RS, TNF SURVEY Abstract 1357 Tract 1B- Lv 4MYM47 81.3700 ROGER_S, T F SURVEY Abstract 1357 Tract I A I _ 42724455 _ 5.2900 TAY_LOR,) D_WARD SURVEY Abstract 1560 Tract lA3A & A1903 TR 1A1C -w ''42724463 �42782684 7.7500 - LA_NGST_O_N, E_LIZA_B_E_T_H_SURVEY_Abstract_9888 Tract 2B2 1.0640 -S A_& M G RR C_O SURVEY Abstract 1479 Tract 113 t 42782692 FINLEY, D T SUiiV>✓Y Abstract 1900 Tract lE_CITY_ BOUNDARY SPLIT _ 42782706 _0.680_0 2.6900 FINLEY, D_ T_SURVEY Abstract 1900 Tract lE CITY BOUNDARY SPLIT 42782714 F 12.7000_ FINLEY-D T SURVEY Abstract 1900 Tract ID_SEPA_RATED 42797321 961.5I ]0 LANE, HENRY SURVEY Abstract 1991P Tract 1 & IB BAL INPARKER L_!12797339 _387a0770 S A & M_ 42797347 145.0000 ATKINS, W_I_LL_IA_M SURVEY Abstract 1961 Tract IA '42797517 ! . - ~ '0.5580 F_INLE_Y, DTSURVEY Abstract 1903 Tract 1C r trac _ 42797525 163.0330 FINLEY, D T SURVEY Abstract Tract 1D 42820578 _ 19_9800� ': _19_03 D_IXON,DAN,.H SURVEY Abstract 442 Tract 1D --- 42820586 13.2400 DAN H SURVEY_Abstrac_t 442 Tract-l_E i �42820616 41.3900� _D1X6_N, PROCTOR NATHAN°SURVEY Abstract 1229 Tract 1C •� _ _ 42820624 0,1380^ PROCTOR, NATHAN SURVEY Abstract 1229 Tract 1D SEPARATED TRACT - 42820632 13_.2670_ G H &_H R RR C_O S_URVBY_Abstract 623_Traat_1J, _ _ _ Y42820641 19.5860 G H_& H R_RR CO SURVEYAbstract 62_3 Tract 1K SEPARATED TRACT 42830522 1849500 '' G_H & H R RR CO SU_RVEY'Abstract 623 Tract IL'& ABST 493 TR 1F,1 & ABST 11 I7 TR IC1 �p p 42894784 _ 5.1_6_00 T FINLEY, D T SURVEY Abstract 1903 Tract IA1_D SEPARATED TRACT 1� 42894792 1�1.5000'� 1tOGERS, T F SUR_ VEY _ Abstract 1357 Tract IAIA SEPARATED TRACT 42894806 __ v1.8590 VENTANA Block 12 Lot 1X H_OA OPEN SPACE 42894814 0.6600 _ LANG_STON, ELI'ZA_BETH SURVEY Abstract_9_88 Tract 2132A SEPARATED TRACT 38616944.7780 DIXON, DAN H SURVEY Abstract 442 Tract 1 & ABST 495 TRS 1C & ID 3861716 5800 DIXONJ H SUR VEY Abstract 442 Tract lA _ 3910520 _ 20.5970 _DAN G H & H R RR CO SURVEY Abstract 623 Tract 1 & ABST 1117 TR 1 C € _ 391Q830 18.8600 G H & H R RR CO SURVEY Abstract 623 TR3 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Legal Descriptions Property ID Acerage' Legal Description' 4098382 18.4760 PROCTOR, N_A_THAN SURVEY Abstract 12_29 Tract 1 _ — 4Q98420` _F: 470 Y1.06000 _ _ _ P_ROC_TOR,NA'I'HANSURVEY_Alistract F229_Tract lA2 &A44_2'IR 4121376� ROBINSON, WILLIAM SURVEY Abstract 1274 Tract 2 HSAL IN PARKER CNTY '4197593' 25.7050 S A & M,G RR CO S_URV_EY t; tra_ct 1479 Tract 1. M_ . _Ba � .. 481.9200 T_& N O RR CO SURVEY Abstract 1567 Tract 1 y 4299167 40.0000; _ SOCORRO FARMING COSURVEYAl;t Zt I842_Tract -1 tl 4305043 �4.2630 FINLEY, D T SURVEY Abstract 1900 Tract 1 C_ITY BOUNDARY SPLIT f 4305213 T 4312694 15.0000 ATKINS, WILLIAM SURVEY Abstract 1961 Tra_ct_I _ 5950260- ~ 400.8000 ROBIlVSON'; WILLIAM SLIRVEV Abstract 1274 LANE, HENRY SURVEY Abstract 928 Tract IA 1B1 1B4 & 1B5 6265081 1.U000 _ 7652615 __ 4.000Q _ S_O_CORRO,FA_RMING COSURVE-Y Abstract 11$42 Tract IA'&-A190_0 TR IA 40549879 w 11.0000 ROBINSON, WILLIAM SURVEY Abstract 1274 Tract 2A 42988568 � __ LAN HNRY S_URV_E_Y_Atistt 1991Pracf 18I'ELE_V_EA_TED STORAGE TA_NK~ _ 42989475 .56.7800't.0120_ G H & H R RR CO SURVEY Abstract 623 Tract 1N & A13ST 1117_TR ,:42989483" -tl 33: 5500_ GH."-&H_RRItCOSURVEYAbstr_acf623_TriWfPSEPAI_T_E_ TRACT_ H 42989335 5.9800 llIXON, DAN_H S_U_RVEY Abstract 442 Tract I 1 Tract DIXO_N, DA_N_H SURVEY Abstract 442 Tract 1F`— 4298944C r 37.6300 - _ �._,._.- —_ _---- „ 42989467 3.5700 ELLIOTT, TAMES F SURVEY Abstract 495 Tract ID ' 42989459 2.6000 ELLIOTT, JAi -ES F SURVEY A_bs� t 442 Tract IC _ K42989432 _ 57.4300T G H & H_R RR CO SURVEY Abstract 623 Tract 1M &_ ABST 1117 TR 1C i- R000043635_ "67.0000 w R000050465 178.0000 Abst: 1107, Survey: ROBINSON WM ER000659D08 7 .5400,. _ A6st:' 1579, S[1RV: NORNIAN UNDERWOQII r°.µ s�mM w;r y� Y- R0000631�19 178.1750~ Abst: 1991, Survey: I &_G N R_R_C_O N R000063224 � ' 109:7000w Abst:"20D2, Survey: I & G N R R CO_ ,� R00006322_6� I.0000 Abst_ 2002, Survey: I & GG N R R CO R000064877 A165:0000 N Abst: 2224, Survey: I & G N R R CO Abst: 2002, Survey: I& G N R R CO R000095225m L0000 f R000095227 14.060C w Abst: 2002, Survey: I 8c G N RI CO SURV II,& G N RRCO -------.- Total 5192.11 I - Values obtained from Parker County Central Appraisal District and Tarrant County Central Appraisal District in September of 2023. EXHIBIT C PROJECTED TAXABLE VALUE Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.1.1; Projected Assessed Value - 2025 Development' - Summary Development Year -Ending Assessed As Oi 2.0% Inflation Factor2 [JnitS3 Residential Single Family Residential Value Per Projected Unit Assessed Value Scl Ft' Multi -Family Value Per Sq Ft Projected Assessed Value Total Projected Assessed Value 31-Dec-23 I-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 31-Dec-24 1-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 31-Dec-25 1-.Tan-26 104% 265 $532,685 $141,161,472 103,024 $226 $23,280,169 164,441,640 31-Dec-26 1-Jan-27 106% 265 $543,338 $143,984,701 103,024 $230 $23,745,771 167,730,473 31-Dec-27 1-Jan-28 108% 265 $554,205 $146,864,395 103,024 $235 $24,220,687 171,085,082 31-Dec-28 1-.1an-29 110% 265 $565,289 $149,801,683 103,024 $240 $24,705,101 174,506,784 31-Dec-29 1-Jan-30 113% 265 $576,595 $152,797,717 103,024 $245 $25,199,203 177,996,920 31-Dee-30 1-Jan-31 115% 265 $588,127 $155,853,671 103,024 $249 $25,703,187 181,556.858 31-Dec-31 I-Jan-32 117% 265 $599,990 $158,970,745 103,024 $254 $26,217,250 185,187,995 31-Dec-32 1-Jan-33 120% 265 $611,887 $162,150,160 103,024 $260 $26,741,595 189,891,755 31-Dec-33 1-Jan-34 122% 265 $624,125 $165,393,163 103,024 $265 $27,276,427 192,669,590 31-Dec-34 1-Jan-35 124% 265 $636,608 $168,701,026 103,024 $270 $27,821,956 196,522,M 31-Dec-35 I-Jan-36 127°fo 265 $649,340 $172,075,047 103,024 $275 $28,378,395 200,453,442 31-Dec-36 I-Jan-37 129% 265 $662,327 $175,516,549 103,024 $281 $28,945,963 204,462,510 31-Dec-37 1-Jan-38 132% 265 $675,573 $179,026,879 103,024 $297 $29,524,982 208,551,761 31-Dec-38 1-Jan-39 135% 265 $689,085 $182,607A16 103,024 $292 $30,115,380 212,722,796 31-Dec-39 I-Jan-40 137% 265 $702,866 $186,259,564 103,024 $298 $30,717,687 216,977,252 31-Dec-40 l-Jan-41 140% 265 $716,924 $189,984,756 103,024 $304 $31,332,041 221,316,797 31-Dee-41 I-Jan-42 143% 265 $731,262 $193,784,451 103,024 $310 $31,958,682 225,743,133 31-Dec-42 l-Jan-43 146% 265 $745,887 $197,660,140 103,024 $316 $32,597,856 230,257,995 31-Dec43 1-Jan-44 149% 265 $760,805 $201,613,343 103,024 $323 $33,249,813 234,863,155 31-Dec-44 1-Jan-45 152% 265 $776,021 $205,645,610 103,024 $329 $33,914,909 239,560,419 31-Dec-45 Wan-46 155% 265 $791,542 $209,758,522 1.03,024 $336 $34,593,105 244,351,627 31-Dec-46 1-Jan-47 158% 265 $807,372 $213,953,692 103,024 $342 $35,294.967 249,238,659 31-Dec47 1-Jan-48 161% 265 $823,520 $218.232,766 103,024 $349 $35,990,666 254,223,432 31-Dec-48 1-Jan-49 164% 265 $839,990 $222,597,421 103,024 $356 $36,710,480 259,307,901 3I-Dec-49 1-Jan-50 167% 265 $856,790 $227,049,370 103,024 $363 $37,444,689 264,494,059 31-Dec-50 1-3ate-51 171% 265 $873,926 $231,590,357 103,024 $371 $38,193,583 269,783,940 3I-Dec-51 I-Jan-52 174% 265 $891,404 $236,222,164 103,024 $378 $38,957,455 275,179,619 31-Dec-52 1-Jan-53 178% 265 $909,232 $240,946,608 103,024 $396 $39,736,604 290,693,212 31-Dec-53 1-Jan-54 181% 265 $927A17 $245,765,540 103,024 $393 $40,531,336 286,296,876 31-Dec-54 1-3an-55 185% 265 $945,965 $250,690,951 103,024 $401 $41,341,963 292,022,813 MuniC'ap, Inc. 'According to the Parker CountyAppraisal District and Tarrant Count Appraisal District property is assessed as of January l annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. 'Assumes an annual inflation factor of 2.0%. 'Provided by the Developer. Rein vestment Zone Number Sixteen Fort Worth, Texas (Vale Ranch) Exhibit C-1.1.2: Projected Assessed Value - 2025 Development' - Tarrant County Residential Development 2.0% Single Family Residential Multi -Family Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Of' Factoi2 Units' Unit Assessed Value Sq F? Sq Ft Assessed Value Assessed Value !_ 31-Dec-23 - 1000 I-Jan-24% Y _ $512,000 ~ $0 :__. �. ._ �__... $213 _._ . $o ^ _ 0 31-Dec-24 _ 1-Jan-25 102% .�- _ 0 _ $522,240 $0 0 $217 $0 0 31 Deo-25 1-Jan-26 "__ - - 144% _ -106% 265 _- $532,685 _ T$543,338 _$14I,161,472_ __ 103 024 _ _$22_6 -� r �- __$23,280,168'_w n_164,441,640 31-Dec-26 I-Jan-27 265~ $143.984,7010 103,024 $230 $23,745,771 167,730,473 31-;Dec-27 108%_ 265. , �$554,205 e $146,864395 w $235-_ 171,085,082 . _ 31-Dec-28 1-Jan-29 ry 110% 265 M $565,289 $149,80I,683 _103,024 103,024� _Y _-_'^$24,220,687 -$240 $24,705,101 „ �- 174,506,784 _ i_ 1-Dec- 3...._,,,..._29 1rJan�30 W:.ry....� � 113%= .._, 265-, e, .-_. _. $57G,595A. ._ �IS2,797,717 _. 103,D24 > ;5 ... $245 ... _ ..�.-__ $25,194,203 � _,,.. v 1-Jan-31 ....� 265 $155,853,671 103,024 .._:M, $249 $25,703,187 181,556,858 _31-Dec-30 31-Dec-31 µ31-Dec-32 ~ 1-Jan-32N _115% F 117% w 265 �_ 0.265 _$_588,127 $599,890 _ N$158,97Q745 _ µ103,024 $254 $26,217,250 w$26,741,595 185,187,995 Ww188,991,755 _ 1-Jan-33 120% -$611,887 $I62,150,160 103,024 $260 31-Dec-33 1"_Jan-34-. 122%_, _.____ $624,125 „ _ $165,393,163 �^ ^ 103;024 $265 _ e_ $27,27_6,427 w- ^_ 142,669,590 31 Dec-3_4 i Jan 35 124% 265 $636,608 $168,701,026 103,024 $270_ $27,82_1,956 196,522,982 _ '31-Dc_c-35A�TR 1_=Jan-35 �14an-37- �127%°' _ 265 $649,340 Y $1_72,075,047; __v �$175,516,548y 103,024-� m$275 _Y-- _$28,378,395 _� 200,453,442_ 31-Dec-36 129% 265 -$662,327 103,024 $281 $28,945,963 204,462,510 ,$675.573 _ $179,026,679 03Z024 �-$287 ^� _ $29,524,882, _ 208,551,761 w j 31^-Dec-38 1 Jan-39_ 135% 265 $182,607,416 103,024 $292 $30,115,380 212,722,796 331-Dec 39 .� 13an 40_ =137%0 - �� -2b5_ ~ -m265 __$689,085 $702,8 6,259,564 101024 298 $30 7-17,E_87216,97,7,252- 31-Dec 40 1-Jan 41 140% $716,924 $189,984,756 103,024 $304 $31,332,041 221,316,797� 31-Dec-41 � W4n412,- -143% k 26_5_ _$7312_62_ $193 784451 -_$197,660,14_0_ 103,D24 - � _$310 $31;958;682 225,7.43,133 31-Dec-42 1-Jan-43 146% 265 $745,8_87 1_03,024 $316 $32,597,856 230,257,99_5 _ } 1=2ati 44, • 265 �� _ V $760,605� $201,613,343 _ �103,024- b $323 $33,249,$13 234,8,155 �31-DecA3 - 3I-Dec-44 y, 1-Jan 45 �_149%0 I52°/_0 265 A ^ $7_76,021 T $2D5,645,610_ F 103,024 $329 $33,914,809 _63� 239,560,419 _ 3I-Dec�ASw._I7an155%' _ 265$2D9,758,5_22»' ~265 �$807,372 T r "1�3,024 �103,024Y $33G� 4$34,593�105� �$35,284,967 24at351,627~j 31-Dec-46 1-J47 an -Jan 158%- $213,953,692 $342 249,238,659 --._7-�. -�- 3 i . -DDec--4, -_., .... 1-Jan,48 a� 161%p; ... _2b5 _ _. - $823,520f _ $218,232;766g,_._ .._M. _.-- _103;D24,p _ _ $349 T _ 254,223,432 31-Dec-48 1-Jan-49 164% 265 $839,990 $222,597,421 103,024 $356 $36,710,480 259,307,901 31-1�ec-49 _ 1-Jan-50 _ u ..............-�.__�_....-n.,._._._...,_._.-.....�._..--._..v__..-,_..._..v_-..r__ 167%.' w_r 265 _ ..._ _..,- _ ... $856,790 01.,, __$227,049,370_____,_y. 103,D24 ,mow-„_ Wit_ 4,689 _. _._... 264,444059 °' _ 31-Dec 1-Jan-51 171% 265 $873,926 103,024 $38,193,5_83_ 2_69,783,940 31�flec-51 a �174% . -�$891,404ry __$231,590,357 $236,222,1W64 ,W _103,024 _$371 _ $378� ~ x $3_8,957,455 Y275,17_9,619 _- �280,683,212 -31-Dec52 _1-J_an-52 1 Jan-53 178% __.'265 265 $909,232 $240,946,606 103,024 $386-M $39,73m6,604� '31-Dec-53 1-Jan-5 4 Y _181%: ^_ 265 - _ _ _ _ $927,417 $245,765,540_d_ _ IO_3;024 �103,024 $393 - $40,531,336 �__ 286,29E 676 _� 31-Dec-54 I-Jan-55 185%Y 265 $945,965 $250,680,851 $401 $41,341,963 292,022,813 Mani Cap, Inc. rAccording to the Tarrant Count Appraisal District property is assessed as of January I annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. "Assumes an annual inflation factor of 2.0%. 3Provided by the Developer. Reinvestment Zone Number Sixteen Fart Korth, Texas (Veaue Ranch) Exhibit C-1.2.1: Projected Assessed Value - 2026 Development' - Summary Residential Commercial Development 2.0% Single Family Residential Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As Oft Factor Units' Unit Assessed Value Sq Fe Sq Ft Assessed Value Fr Sq Ft Assessed Value Assessed Value 31-Dee-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 _Sq 0 $62 $0 0 31-Dec-24 1-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 S63 $0 0 31-Dec-25 1-tan-26 1040/6 0 $532,685 $0 0 $226 $0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 265 $543,339 $143,994,701 103,024 $230 $23,745,771 589,745 $66 $39,627,035 206,357,508 31-Dec-27 1-Jan-28 108% 265 $554,205 $146,964,395 103,024 $235 $24,220,687 588,745 $67 $39,399,576 210,484,658 31-Dec-28 1-Jan-29 110% 265 $565,289 $149,901,683 103,024 $240 $24,705,101 588,745 $68 $40,187,567 214,694,351 31-Dec-29 1-Jan-30 113% 265 $576,595 $152,797,717 103,024 $245 $25,199,203 588,745 $70 $40,991,318 218,988,238 31-Dec-30 1-.Tan-31 115% 265 $SR8,127 $155,853,671 103,024 $249 $25,703,1R7 5RR,745 $71 $41,911,145 223,369,003 3I-Dee-31 1-Jan-32 117%® 265 $599,890 $158,970,745 103,024 $254 $26,217,250 598,745 $72 $42,647,369 227,835,363 31-Dec-32 1-Jan-33 120% 265 $6[1,887 $162,150,160 103,024 $260 $26,741.595 588,745 $74 $43,500,315 232,392,070 31-Dec-33 1-Jan-34 122% 265 $624,125 $165,393,163 103,024 $265 $27,276,427 588,745 $75 $44,370,321 237,039,912 31-Dec-34 1-Jan-35 124% 265 $636,608 $168,701,026 103,024 $270 $27,921,956 588,745 $77 $45,257,728 241,780,710 31-Dee-35 1-San-36 127% 265 $649,340 $172,075,047 103,024 $275 $28;378,395 589,745 $78 $46,162,882 246,616,324 3l-Dec-36 I-Jan-37 129% 265 $662,327 $175,516,548 103,024 $281 $28,945,963 589,745 $80 $47,086,140 251,548,650 31-Dec-37 1-Jan-38 132% 265 $675,573 $f79,026,879 103,024 $287 $29,524,892 589,745 $82 $48,027,863 256,579,623 31-Dec-38 I-Jan-39 135% 265 $689,085 $192,607,416 103,024 $292 $30,115,380 588,745 $83 $48,988,420 261,711,216 31-Dee-39 1-Jan-40 137% 265 $702,966 $196,259,564 103,024 $299 $30,717,687 598,745 $85 $49,969,189 266,945,440 31-Dec-40 1-Jan-41 140% 265 $7I6,924 $199,984,756 103,024 $304 $31,332,041 58R,745 $87 $50,967,552 272,284,349 31-Dec-41 1-Jan-42 143% 265 $731,262 $193,784,451 163,024 $310 $31,958,682 598,745 $99 $51,986,903 277,730,036 3l-Dec-42 I-Jan-43 146% 265 $745,897 $197,66D,140 103,024 $316 $32,597,856 588,745 $90 $53,026,641 283,284,637 31-Dec-43 1-Jan-44 149% 265 $760,905 $201,613,343 103,024 $323 03,249,813 588,745 $92 $54,087,174 298,950,329 31-Dec-44 1-Jan-45 152% 265 $776,021 $205,645,610 103,024 $329 $33,914,809 598,745 $94 $55,168,918 294,729,336 31-Dec-45 1-Jan-46 155% 265 $791,542 $209,759,522 103,024 $336 $34,593,105 588,145 $96 $56,272,296 300,623,923 3I-Dec-46 1-Jan-47 158% 265 $807,372 $213,953,692 103,024 S342 $35,284,967 588,745 $97 $57,397,742 306,636,401 31-Dee-47 1-Jan-48 161°/a 265 $823,520 $218,232,766 103,024 S349 $35,990,666 588,745 $99 $58,545,697 312,769,129 31-Dec-48 I-Jan-49 164% 265 $839,990 $222,597,421 103,024 $356 $36,710,490 599,745 $let $59,716,6I1 319,024,512 31-Dec-49 I-Jan-50 167% 265 $856,790 $227,049,370 103,024 $363 $37,444,689 588,745 $103 $60,910,943 325,405,002 31-Dec-50 1-Jan-51 171% 265 $873,926 $231,590,357 103,024 $371 $38,193,583 589,745 $106 $62,129,162 331,913,102 31-Dec-51 1-Jan-52 174% 265 $891,404 $236,222,164 103,024 $378 $38,957,455 588,745 $108 $63,371,745 339,551,364 31-Dec-52 I-Jan-53 178% 265 $909,232 $240,946,608 103,024 $386 $39,736,604 588,745 $110 $64639 iR0 345,322,391 31-Dee-53 I-Jan-54 181% 265 $927,417 $245,765,540 103,024 $393 $40,531,336 589,745 $112 $65,931,963 352,228,839 31-Dec-54 I-Jan-55 195% 265 $945,965 $250,680,851 103,024 $401 $41,341,963 588,745 $114 $67,250,603 359,273,416 31-Dec-55 I-Jan-56 188% 265 $964,885 $255,694,468 103,024 $409 $42,169,802 589,745 $117 $68595,615 366,458,884 WRmCap, In, 'According to the Parker County Appraisal District and Tarrant Count Appraisal District property is assessed as of January I annually. During censuUchon, die assessed value represents the pottion of the building cwnpleted as of January I Assumes no assessed 2Assumes an annual inflation factor of 2.0% Provided by the Developer, Reinvestment Zone Number Sixteen Fort Warth, Texas (Veale Ranch) Exhibit C-1.2.2: Projected Assessed Value - 2026 Development` - Tarrant County Residential Commercial Development 2.0% Single Family Residential Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As Of' Factor' Units` Assessed Value Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 I-Jan-24 100% 0 _Unit $512,000 � $0 0 $213 $Q 0 $62 $0 0 31-Dec-24 I-Jan-25 102% 0 $522,240 V) 0 $217 $o 0 S63 $0 0 31-Dec-25 I-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 31-Dec-26 I-Jan-27 106% 265 $543,338 $143,984,701 103,024 $230 $23,745,771 588,745 $66 $39,627,035 206,357,508 31-Dec-27 I-Jan-28 108% 265 $554,205 $146,964,395 103,024 $235 $24,220,697 588,745 $67 $39,399,576 210,484,658 31-Dec-28 I-Jan-29 110% 265 $565,289 $149,801,683 103,024 $240 $24,705,101 588,745 $68 $40,I87,567 214,694,351 31-Dee-29 I-.Tan-30 113% 265 $576,595 $152,.797,717 103,024 $245 $25,199,203 588,745 $70 $40,991,318 218,988,238 31-Dec-30 I-Jan-31 115% 265 $598,127 $155,953,671 103,024 $249 $25,703,187 588,745 $71 $41,811,145 223,368,003 31-Dec-31 I-Jan-32 117% 265 $599,890 $159,970,745 103,024 $254 $26,217,250 588,745 $72 $42,647,368 227,835,363 31-Dec-32 I-Jan-33 120% 265 $611,887 $162,150,160 103,024 $260 $26,741,595 589,745 $74 $43,300,315 232,392,070 31=Dee-33 I-Jan-34 122% 265 $624,125 $165,393,163 103,024 $265 $27,276,427 598,745 $75 $44,370,321 237,039,912 31-Dec-34 I-Jan-35 124% 265 $636,608 $169,701,026 103,024 $270 $27,821,956 588,745 $77 $45,257,728 241,790,710 31-Dec-35 I-Jan-36 127% 265 $649,340 $172,075,047 103,024 $275 $28,379,395 A8,745 $78 $46,162,892 246,616,324 31-Dec-36 I-Jan-37 129% 265 $662,327 $175,516,548 103,024 $281 $29,945,963 588,745 $80 $47,086,140 251,548,650 31-Dec-37 1-Ian-38 132% 265 $675,573 $179,026,879 [03,024 $287 $N,524,882 598,745 $82 $48,027,863 256,579,623 31-Dec-38 I-Jan-39 135% 265 $689,085 $I82,607,416 103,024 $292 $30,115,380 588,745 $83 $48,988,420 261,711,216 M-Dec-39 I-Jan-40 137% 265 $702,966 $1.86,259,564 103,024 .$298 .$30,717,687 598,745 $85 $49,968,188 266,945,440 31-Dec-40 1-Jan-41 140% 265 $716,924 $199,984,756 103,024 $304 $3I,332,041 598,745 $87 $50,967,552 272,284,349 31-Dec-41 1-Jan-42 143% 265 $73€,262 $193,7841451 103,024 $310 $31,958,682 588,745 $89 $51,996,903 277,730,036 31-Dec-42 I-Ian-43 146% 265 $745,987 $I97,660,140 103,024 $316 $32,597,856 588,745 $90 $53.026,641 293,294,637 31-Dec-43 I-Jan-44 149% 265 $760,805 $201,613,343 103,024 $323 $33,249,813 588,745 $92 $54;087,174 288,950,329 31-Dec-44 I-Jan-45 152% 265 $776,021 $205,645,610 103,024 $329 $33,914,809 588,745 $94 $55,168,919 294,729,336 3.1-Dee-45 1-Jan-46 155% 265 $791,542 $209,759,522 103,024 $336 $34,593,105 589,745 $96 $56,272,296 300,623,923 31-Dec-46 1-Jan-47 158% 265 $807,372 $213,953,692 103,024 $342 $35,284,967 588,745 $97 $57,397,742 306,636,401 31-Dec-47 1-Jan-48 161% 265 $823,520 $218,232,766 103,024 $349 $35,990,666 588,745 $99 $58,545,697 312,769,129 31-Dec-48 1-Jan-49 164% 265 $939,990 $222,597,421 103,024 $356 $36,710,480 598,745 $101 $59,716,611 319,024,512 31-Dec-49 1-Ian-50 167°% 265 $956,790 $227,049,370 103,024 $363 $37,444,689 599,745 $103 $60,910,943 325,405,002 31-Dec-50 1-Jan-51 171% 265 $873,926 $231,590,357 103,024 $37) $38,193,593 599,745 $106 $62,129,162 331,913,102 31-Dec-51 1-Ian-52 174% 265 $891,404 $236,222,164 103,024 $378 $38,957,455 589,745 $108 $63,371,745 338,551,364 31-Dec-52 1-Ian-53 178% 265 $909,232 $240,946,608 103,024 $386 $39,736,604 589,745 silo $64,639,180 345,322,391 31-Dec-53 I-Jan-54 181% 265 $927,417 $245,765,540 103,024 $393 $40,531,336 588,745 $112 $65,931,963 352,228,839 31-Dec-54 I-San-55 185% 265 $945,965 $250,680,851 103,024 $401 $41,341,963 i88,745 $114 $67,250,603 359,273,416 31-Dee-55 1-Janr56 198% 265 $964,985 $215,694,468 103,024 $409 $42,168,902 588,745 $117 $68,595,615 366,458,894 uNIC,rp, hi, 'According to the Tarrant Count Appraisal tJis;r•c! property is assessed as otJanuary i annually. During construction, the assessed value represents the portion of the building completed as of lanusry 1 _ Assumes no assessed value during construction. `Assumes an annual inflation factor of 2.0% Provided by the Developer, Reinvestment Zone Number Sixteen Fort Worth, Terns (Peale Ranch) Exhibit C-1.11', Projected Assessed Value - 2027 Development'- Summary Residential Commercial Development 2.0°/, SingIe Family Itcsldential Multi -Family Industrial Wice Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As Oe Factor' Units' Unit Assessed Value Sq Ft Sq F1 Assessed Value Sq Ft' Sq Ft Assessed Value Sq F1 Sq Ft Assessed Value Assessed Value 31-Dec-23 t-Jan-24 IOD% 0 S512,000 SO 0 S213 SO D $62 SD 0 S193 SO 0 31-Dec-24 I-Jan-25 102% 0 $522,240 $0 0 $217 SO D S63 SO 0 SIB7 $0 0 31-Dec-25 Warr,26 1040/6 0 S532,685 SO 0 $226 $0 - 4 $64 $0 0 $191 $o 0 31-Dec-26 I-Jan-27 106% 0 $543,338 $0 0 $210 $0 0 S66 SO 0 S195 $0 0 31-Dec-27 I-Jan-28 1089'o 328 $554,205 $181,779,327 450,413 SOS $105,990,932 645,373 S67 $43,199,199 104,544 $199 S20,746,328 351,605,794 31-Dec-28 I-Jan-29 110% 328 S565,284 5195,414 914 450,413 S240 S108,DO8,750 645,373 S68 $44,052,982 I04,54.4 S202 S21,161,254 359,637.900 31-Dec-29 I-Ian-30 113% 328 $576,595 S189,123,212 450,413 S245 S110,168,925 645,373 $70 S44,934,041 104.50 S206 $21,594,479 365,910,658 I]-beo30 I-Jan-31 115% 328 $588,127 $192,905.676 450,413 S249 $112 372,304 645,373 S71 $45,832,722 104,544 S21I $22,016,169 373.126.971 31-Dec-31 I4an-32 117% 328 $599,890 SI96,763,79D 450,413 $254 $114,619,7S0 645,373 $72 S46,749,376 104,544 $215 $22,456,492 380,580,409 31-Dec-32 I-Jan-33 1201/, 328 $611,987 $200,699,066 450,413 $260 $116,912,145 645,373 $74 S47,664,364 104.544 $219 S22,905,622 388,201,197 31-Der.33 1-Jan-34 1226/. 328 $624,125 $204,70647 450,413 S265 $119,250,388 645,373 $75 S48638,051 €04,544 S223 923,363,735 395,965,221 31-Dec-34 €-Jan-35 124% 328 $636,609 S208,807,308 450,413 S270 S121.635 396 645373 $77 S49,610,812 104,544 S228 S23,831,009 403,984,525 31-Deo35 i-Jan-36 127% 328 5649,340 S212983,454 450.413 S275 S124,068,104 645,371 S78 $50,603.029 104,544 $233 $24,307,630 411,962,2t6 31-Dec-36 I-Jan-37 12W. 328 S662,327 $217,243,123 450,413 $28I $126,549,466 645,373 S80 $51,615,089 104,544 $237 $24,791,792 420,201,460 31-Dec-37 1-Ian-38 1321/6 328 $675,573 $221,587,986 450,413 S287 $129,090,455 645,373 $82 $52,647,391 104,544 $242 $25-,299.658 429,605,489 31-Dec-38 Wan-39 135% 328 S689,085 $226,019,745 450,413 $292 $131,662,064 645,373 $91 S53,790,339 104,544 S247 S25,795,451 437,177,599 31-Dec-39 1-Jan40 137% 328 $902,866 $230,540,140 45D,413 S298 $134,295305 645,371 585 154,774,345 104,544 S252 S9.6,311,360 445,921,151 31-Dec-40 I-Jan-4I 1400!, 328 S716,924 $235,150,943 450,413 $3D4 S136981.212 645,373 $87 $55,869,832 104,S44 S257 $26.837,587 454,839,574 31-Dec-41 1-Jan-42 141% 328 9731,262 S239,853,962 450,413 $310 $139,720,936 645,373 $88 $56,987,229 104.544 S262 $27374,339 463936,365 31-Dec42 1-Jan-03 146% 328 $745,897 S244,651 041 450,411 $316 $142.515,252 645,373 S90 S58,126,974 104,544 $267 $27 921,826 473.215.D93 31-Dec-43 1-Jan-44 1491/. 328 S760,805 S249,544,062 450,413 S323 S145,365,558 645,373 $92 $59,289,513 104,544 $272 $2B,480,262 492,679,395 31-Dec-44 I-Jan-45 152% 328 $776,021 $254,534,943 450,413 $329 $148,272,969 645,373 $94 $60,475,303 ID4,544 $278 $29,049,867 492.332,983 31-Dec-45 I-Jan-46 155% 328 $791,542 S259,625,642 450,413 $336 $151,238,326 645,373 $96 S61,684,809 1D4,544 $283 $29,630,965 502,179,642 31-Dec-46 i-Jan47 158°/a 328 $807,372 S264,818,155 450.413 $342 $154-263,093 645.373 $97 S62.918,506 104,544 $289 $30.223.482 512.223.235 31-Dec-47 I-Jan-48 161% 328 S823,520 $270,114,518 450,413 $349 $157,348,354 645,373 9" $64,176,976 101,544 $295 $30,827,952 522,467,700 .3I-Dee-49 1-Jan-49 164/ 328 S839,990 S2T5,516,809 450,413 $356 $160,495,322 645,373 $101 $65,460,413 I94,544 S301 $31,444.511 532,917,054 31-Dec-49 I -Jan -so 167% 328 $856,790 $281,027,144 450,413 S363 S163,705,228 645,373 $103 S66,769,621 104,544 S307 $32,073.401 543,575,395 31-Dec-50 1-Jan-51 171% 328 $873,926 S286-647,687 450,413 $371 $166,979,333 645,373 $106 $68,105,014 104.544 $313 $32,714,869 554,446,903 31-Dec-51 14052 174^/o -328 S891,404 S292,380,641 450,413 5378 S170,318,919 545,373 $108 $69,467,114 104,544 $319 $33,369,166 565,535,941 31-Dec-52 I-Jnn-53 178% 328 E909,232 $298.229,254 450,413 S396 $173,725,298 645,373 S110 170,856,456 I04,544 $326 $34,036,550 576,846,559 31-Dec-53 Wan-54 191% 328 5927,417 $304,192,819 450,413 S393 $177,199,803 645,373 $112 $72,273.586 104.544 S332 S34,717,281 598,383,489 11-Dec-54 I-Jan-55 185% 328 $945 965 $310,276,675 450A13 $401 $190 743,800 649.373 SII4 t73,719,057 104,544 $339 $35,411,626 600,151.159 31-Dec-55 I -Jan--% 198% 328 S%4,885 S316,482,209 450,413 $409 $184,358,676 645,373 $117 S75,193,438 104,544 $345 S36,119,859 612,154,182 31-Dec-56 i-Jan-57 I92% 328 $994.182 $322,811,853 450.413 $417 5199,045,849 645,373 $119 S76,697,307 104.544 $352 $36,947,256 624,397,265 Mu ,Cap, A, .Aa ding to the Parker Counq Appraisal District a,d T-1 Count App,aisai Mstrict propem is assessed as orj-.en I e-o, Doting construction_ the assessed ratuc ,epresenu aye portion ur the building completed as or Januan 1. Assumes no assessed -lue during construaion. 2Aasumea an annual innavton f,cturat2 rry. 'Provided by the D-doper Reinvestment Zane Number Sixteen Fort Worth, Terns (Veaue Ranch) Exhibit C-1.3.2: Protected Assessed Value- 2027 Development l - Tarrant County Residential Commercial Development 2.We Single Family Residential Multi -Family Jndustnal Office Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As 01' Factor' Llmrs' Unit Assessed Value Sq Ft' Sq Ft Assessed Value Sq Ft' Sa F1 Assessed Value Sq Ft` Ft Assessed Value Assessed Value 31-Dec-23 1-Jan-24 I091/e 0 $512,000 s0 0 $213 $0 0 $62 $0 0 $193 $0 0 31-Da;-24 I-Jan-25 102% D S522,240 $0 0 $21.7 $0 0 $63 so 0 $187 s0 0 31-Dec-25 I-Jan-26 1041/6 0 $532 685 So 0 $226 $0 0 $64 $0 a $191 $0 0 31-Dec-26 Wan-27 106% D $543.338 SO 0 $230 so 0 $66 $0 0 $195 $0 0 31-Deo-27 1Jan-28 108% 264 $554,205 $146,310,190 362,573 $235 $95,239,966 599,745 $67 $39,399,576 104,544 $199 $20,746,328 201,696,059 31-Dec-28 I-Jan-29 1101/ 264 $565,299 $149,236,394 362,573 $240 $86,944.765 588,745 $68 $40.187,567 104,544 $202 $21,161.254 297,529,980 31-Derr29 I-Jan-30 113% 264 $576,595 $152,221,122 362.573 $245 888,683,660 598,745 $70 S40,991,318 104,544 $206 S21,594,479 303,490.580 3I-Dec-30 1-Jan-31 115% 264 $588,127 $155,265,544 362,573 $249 $90,457,334 588,745 $71 $41811,145 104,544 $211 $22,016,169 309.550.192 31-Dea31 I-Jan-32 117% 264 $599,890 $158,310,855 362,573 S254 $92,266,480 588,745 $72 S42,647,368 104,544 $215 $22,456,492 315,741,196 3I-Dec-32 I-Jan-33 1200$ 264 $611.887 $161,538.272 362,573 $260 $94,111,910 589,745 $74 $43,500,315 104,544 $219 $22.905,622 322,056,019 31-DCC-33 1-Jan-34 122% 264 $624.125 $164,769,039 362,573 $265 $95,994,046 598.745 S75 S44,370,321 104,544 $223 S23,363,735 329,497,140 31-Dec-34 1-Jan-35 124% 264 $636,608 $168,064.419 362,573 $270 $97,913,927 598,745 $77 S45,257,729 104,544 S229 S23,83I,009 335,067.083 31-Deo-35 1-Jan-36 127% 264 $649,340 $17€425,707 162,573 $275 S99,872,206 599,745 S78 S46,162,882 104,544 $233 $24,307,630 341,769,424 31-Dec-36 I-Jan-37 1290/ 264 S662,327 $174,854,221 362,573 S281 S101,869,650 588,745 $90 $47,086,140 104,544 $237 $24,793,782 348.603,793 31-Dec-37 I-Jan-38 132% 264 S675,573 $178.351.305 362,573 $297 $103,907.043 $89,745 U2 $48,027,963 104,544 $242 $25,289,658 355,575,869 31-Dec-38 I-Jan-39 135% 264 $689,085 $181,918 332 362.573 S292 $105 985,183 588.745 SU S49,988,420 104,544 S247 $25,795,451 362.697.396 31-Dec-39 1-Jan-40 137% 264 $702,966 $185,556,698 162,573 S298 $108,104,997 588,745 S95 549,968,189 104,544 5252 526,311,360 369.941,134 31-Dec-40 I-Jan-41 140% 264 $716,924 $189 267,832 362,573 $304 $110,266,995 588,745 S87 S50,967,552 IU4,544 $257 $26,837,587 377,339,956 31-Dw4l I-Jan-42 143% 264 S731,262 $193,053,189 362,573 S310 $112,472,325 589,745 $99 S51986,903 104,544 $262 $27,374,339 384,896,756 31-Dec42 1-Inn43 146% 264 $745.887 $196,914,253 362.573 S316 S114.721.771 589,745 $90 153,026,641 104,544 $267 $27 921.826 392,594,491 31-Deo-43 I-Jan-44 149% 264 976D,805 S200,852,538 362373 $323 $117,016,707 588,745 $92 S54,087,174 104,544 S272 528,480,262 400,436,180 31-Dec-44 1-Jan-45 1521/ 264 5776,021 S204,869,598 362,573 $329 S119,356,531 589,745 194 S55,168,918 104,544 S278 $29.049,867 408.444 904 31-Dec,45 Wan-46 155% 264 $791,542 $208,966,980 362,573 S336 S12€,743,661 589,745 S% $56,272,296 104,544 $284 $29,630,865 416,613,802 31-Dec-46 I-Jan-47 158% 264 $807,372 $213.146.320 362,573 S342 S124,178,534 589,745 $97 $57,397.742 104,544 S289 $30,221,492 424,946,078 31-Dec47 Wan-48 161% 264 $823,520 $217,469.246 362.573 S349 S126,662,105 $98,745 $99 S58,545,697 104,544 $295 $30.927,052 433,445,000 31-Dec-49 I-Jan-49 164% 264 $839,990 $221,757,431 362.573 $356 $129,195,347 588,745 SIN $59.716.611 104,544 $30I $31,444.51.1 442.113,900 31-DW-49 I-Jan-50 167% 264 $856,790 $226,192,580 362,573 S363 $131,779,254 589,745 S103 S60,910,943 104,544 S307 $32,073,401 450,956,179 31-Dec-50 Han-51 171% 264 $873 926 $230716.43€ 362,573 S371 $134,414,839 588,745 S106 S62.M.162 104,544 $311 532,714,969 459,975 301 31-Dec-51 t4an-52 174% 264 $991,404 $235,330,760 362,573 S378 S137,103,136 589,745 $109 $63,371,745 104,54.4 $319 $33,369,166 469,174,907 31-Dec-52 I-Jan-53 178% 264 $909,232 $240,037,375 362.573 $396 $139,845.199 583,745 $110 $64,639.180 104,544 $326 $34,036,550 478,558,303 31-Dec-53 l-Jan-54 1816% 264 S927,417 $244,838,123 362,573 $393 $142,642,103 589.745 $112 S65,931,963 104,544 $332 $34.717.281 498,129,470 31-Dec-54 I-Jan-55 185% 264 $945,965 $249,734,985 362.573 S40i S145,494,945 588,745 $114 S67,250,603 104,544 $339 $35,411,626 497.992,059 31-Dec-55 I-Jan-56 188% 264 $964,995 $254,729,583 362,573 $409 $148,404,844 588,745 $117 $68,595,615 104,544 S345 $36,119,959 507,849,900 31-Dec-56 I-Jan-57 102% 264 $984,182 $259,924.174 362.573 S417 $151,372,941 598.745 $119 $69,967,527 104,544 $352 $36,842,256 518,006.899 MumCnp. Inn. �Acoording to the Tarmnt Courts Appmisal Disinct propem is assessed as of lanuan 1 amweilr Dunng construction. the assessed value represents the portion of the building completed as of lanuan 1. Assumes nn assessed value during coeswctlon. Assumes an armual innetion factor of 2 W. 'Pro, idod by the D., elope, Refnstesfinent Zone Number Sixteen Fort JJorAi, Texas (Freak Rance) .Exhibit C-1.4.1: Projected Assessed Value- 2028 Develonmentt - Suramn Residential Commercial DMv:opmcnt 2.0% Single Family Residmfial Multi -Family Industrial Office Retail (Big Box) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Pmjeetcd Value Per Pmjcctad Total Projected Ending As Oft Faelo� Units; Unit Assessed Value Sq Fla Sq Ft Assessed Value Sq Fla Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value S183 SO 0 Sg3 $D 0 31-Deo-24 1.3an-25 0 $522,240 SO_ 0 S217 SD 0 $63 SO 0 S187 0 $85 SO_ D. _102% �Y _ y _ �$230• _ _ _ _SO -"`S67 _ _ D 31-Dce-26 Ilan-27 106% 0 S543,338 SO 0 SO 0 S66 Y DSOs 0 S195 µ SO 0 $98 �so 0 - ..._ L 31Dco-27_ 1_lan-28 _..,,„-.__ 168 ._... 31-Mc-26 1-Jan-29`_-Ho% 4D0 S565,269 S226,115,749 450.415 S24D -�_� S108.008,750 --645j73� S66 $44,052,982__ 104,544��$202�--_S21,161Z4 43,560�- �T$92 S3,999,034-4W3 37,769 1 31-Deo29� �-1-Jan-30� _ 113iov w�]i5°�� 40D $576,59iT_'��S23U,638,063T„^450,413 N -- 5285_�'_-50 -168,9- �<_645,3734�-gS70� ��645,373 yS44,9a4,Otl,. ,-, I04,544.-,,,�, S206 �� S2.1.584A79 __ �43:SfiD-<�_ 594_��'S4.(i79.QI5�_� 411,404j25Ai 31-Dec-3D^ 1-Jaa-3l 400� S58B,127✓ $235.250.925 450.413 $249 - $112,372,304 S71 ~_ YS45,832,722 104,544 $211 ~$22.M.169� m 43,560 $96 �_$4160.595� -419.632,615 r ;1wDec-31_ E-Jan'32"m'„Il7%_ 500�, eS549,690�� 3234,95S,�4i-�-"- 45od13�-5254 M ��-5114,619,7$9-_ ._ �_$116,912,I45 645 73 _ _ ,�ST2Y546,?49,376I04,544, ��'$2I5•-<J'_S22,i56,F92'�A3,i60<�$97,.,';_� SJ,243,$OT- � m � - - --•S47,684,364 ^ <328,025,267.7 _ -_- 31.Dcc-32 Wan-33 120% 4D0 S611,687 S244,754,958 450,413 $26D 645,373 $74 104,544 $219 S22,905,622F_ 43,56D $99 $4,328,693 436,5B5,773 y.. a ,,,,31.Derr33-__, d•1an-34-�'122% �..,_ s 400, ""<�5624,125<�'-$249,d50,O5TN '�-450,413-..,,_...5265, 'S119,250,366_' _,. _. 445,373 „ S75 rvm „548,63R,DSl_ µ;104,544 _µ _ 'S223-„� ,�523,363,715 .^„_ 43560 TS21,831,009 WS101 -$103 ^ 345,317,488 31-Dcc-34 ldan-Jan 124% 400 $636.608 $254,643058 450,413 S27D S121,635,396 645,373 $77 S49,610.812 104,544 S229 43,56(1 ._•,S4r415257-'F $4.503,562 454.223,919 ,_ 3]-Dec-35 11an36 !27%�� d00-•-<�'<$649,340 _- YMc $25y,73S,920 _ 450,413 �� $275 W S124068,I04 _ &F5,373_,'-,-,, S76_ , _ $SO,603,029 �-Y' I(W,544,w $233 M-$24,307,d34r."-;-43,i60 .5105$4,593.93 263,308.315-- 31-Deca6 t2k- 400 $662,327 S264,930,638 450.413 $28'1 $126,549.465 645,373 $80 T S51,615,089 104,544 A S237 Y $24,793,782 43,56D Slog , $4,685,506 472,574,491 31_I)ec47 y '1-1a'rr-3R 132% �135% i00u---. $675j73�� S270�29�51�_�45_0,413<' �5287 _ 45129,080,435 p 645,37.i��_$82 552,647,391-_�ry104,544 �r 5242"mm $2S.289,658�:^_"43,5_60 _�M 5�1,779,2k6--- 2;025,971_�' 31-Dcc 38 I -fan �9w 400 5669,085 $27S,633,836 4$0,413 S292 S131,662,064 645,373 S83 S53,7D0,339 I04,544 $247 525,795,451 �43,560 _SIIO;� S112 S4,874,BD1 491.666,490 3i-Dee-39 __ [-Jan-0O -•31-Dec�O �_I-laa�l _ 13T%__, [00 S1D2,666� 5_261,14_6,512 � 45_0,413' Y 5298 �TS266,769,443 S_I34295,305 _ 645}73 _ - _ SRS �__ __S54,7P3-05_"_ [Of,544 5752 526,31[,360 43,560 �5114'•'"�'�54,972,299��w 561;499<820 ' S7t6,924 45Dt413 S304-� $136,981,212- 645,373 $97 S55,969832 1D4,544 $257 �S26,837,587^ 43,560 SII'6 $5,071,743 511.529.816 ! �31-Dep41 _ l-tar-l_2-_ -WI43K ��- 400'- _$T31,2fi2__ 5292,50_1,832 'AS_0,413� yS31ti-_$139,720836��588'__ �S316�! ^64SX5 _ _yS5_6,9_87 29m"E'615262---<-527'74- �_$58,126,974 -43,560`-'�'_SI1_9- �$27.921,826 31-Dec42 I-Jan-43 146% 4D0�J $745,887 $298,354,928�-- 450,413 S142,515,2522 $90 104,544 $267 43,560 $5.276,641 532,195,621_ 1 31-Ate 3 yl-fan-'!4_-_`-�W9%' V � i60 ',<w5760,805 vS304,312,D27 �400 350,413 ;$323�'<'"�Sl_i,365,55R�K �_ - 559'.- ;51;' % �S60A75.363 [04,SA4:y- 5272 � 528,d80,262 - 65,560� _ _S121 �--SI24 � 55,382,ITa' 'SJ2,839,533 j 31dkc-DecI-Jan-45p 152% S776,02t 450.413 $329 S148272,869 645.373 ~S94- 104,544 S278 SZ9049,967 43360 $126__ S5,489.617 553.696,324 r�31.1kc-45 -` w'l-Jan-�S'����[SS% w _,,, 400 _$310,408467 �9�5791,542 $31fi,C 63'136�~- _5131,238,326 _.. 64i,3i3 596�- - _.�.. - 561,68d,809 fD4,5.14� ---'___-.__....,r.M..u. ._ -5283-v�-�S29,630,865� __._....�._..---.- "�-43,S6f1$129 ....__._ $5,599,534_",j66,770,250< ' - II-D cA6 I Jan•47 158%� 4D0 S807,372 $322,448,969 450,413 $942 SI54263093 $97 $62,918,506 104j44 $289 $30,223,482 43,560 _ S131 _.._r_...__.,. $5,711,406 576,065,655 .......- .. .. _ -" - -<$160,495.322 _64ia73 ;104,544�w,S295 y 330,627,952 - 43,S6f1","�SI33� e.. "$5,825,638,`'s,_;„s587,5G,969 _ 31-Dcc-46 l-Ian49 164% 40o' $839.900 $335,996,1oe 4$0,413 S356µx 645,373Y� �$101.w $65,460,413LL- _ 104,544 _ q $301 4 ,�- S31,444,5It 43,560m y_„ �$136W $5,942,355 599,338,708 .` 0, I-Jan-5,_„_„E67%_-_ Q04f,�,rv„�;$856T94T,::„,5342,7I6,034.i.450,413�„�'-', ;5363 ........,_-......_. .�. 5163,145,228��-645.3y3 �-° '-$I03 S66,7b9621'.'r""104,5<44A"�'rS1o1 �-"�532,073,401 u_.._..-_.. `......ate- -43.5'60�'`"<S[39'T-_$6,061,202'"�T'6II,325,462' ,. w -Y$142 Y c , 31-Dec-50 I-Jan-51 171% 400 $373,926 $349,570,350 450.413 ,..M........,.._ $371 $166,979,333 .....g,,..,...., 645,373 .,._.� S166 . _ S68,105014 E04,544 --'•-.._�,.. $313 _. ....._._ S32,714,869 43,560 .., ___ $6182426 623,55.1,992 q 3LD�c-it Man=52 174°� 40ti ��$909,232 `-`"5_841,4PI� S35fi,561,757,;. 950,'413 _ "$378.<.;,�S11G,3I8,919 GSSf,73 .,,,�rEIOBr_��`569,467,114 m rE04,S44 T�104,544 5319 _�33,369,1d6° '43,560^'�m�SI35`_' „SG,3U6,b74:;_-w636,0?3,g32 - �S326 3l-Dcc-52 l4an-53 I78%� 400 $363,692.993 450,413Y $386 $173,725,299 645.3773 silo S70,856,456�T S34,036,550 443,160 S146- S6,432,196 648,743,492 j, 3l-Deo-53M<�, ,17zn-54 � -IBI% -_4Qti 5927,417 $370,966,B 2�,_, � 45p,413 _ S393w- 5177,149,. 1 6t5,373 W,$j12�,,,,� 572,213j86 E03,544` `_'_�S's32 ��N_$34,71T,261�` 43,560�_ _SIS1A"-_' µSfi;i60,8I40_661,718,362-' 3l•Deo-54 I-fan-55 185% 40D S945,965 $379,396,199 450,413 S401 SI90,743,8D0 645.373 S114 573,719,057 iD4,546 S339 $35,411,626 43,560 S154 S6692,OS7 674,952,729 _ �T3I-I1ec,55.�_.ldais•56 �,;�18By. ,� _ MgVU 5964,885__-„5365,953,913-- A50,41-SJ04--"'5184,358,67fi66§,373-5117�Y573,193,438 107,544 _�- 5345� -� S3G,119,659 43,560 :5157 _ �S160� 56,825,898_ _ 688,55.1784 Y 31-Dcc-56 t-Jan-57 192% 400 $994,182 $393,672,992 450,413 S417 S188,045,649 643,373 SIN S76,697,307 104,5" S352 S36,842,256��43,560 S6,962,416 7D2,220,819 ' --_3l-I)x57 icon-56 4'l96% <� -__..,._.�...__..___ 440-"�-SE,003,866_ 5401,346451u_,450411'__ -- - - $426_ __S191,806,766' _-_645j73_. ___S121�� - 78,23.1,253_ _ 104,544__ _-.5154_- _537,579,I01._•_ 93,560 'M`SI63-��_.S7,IOl,66A� vT14165.236�b A1.K'np, lee. rAuordinybthtPmlerCcmtyy ApFmis.l DistrictmidTarmsn Count Appmisol Diwietpmpmtyi.n-wm,lnscf7unwary I annually. Duringeonstuctian, the nsxssedvaluerepresents the ponioaofthe wilding completed es offaauuy I. Aav ao asscascd value during eoruauelion 'Assume mt -.t hfl tioo helor orz aw °Frevided by Die Developer. Rehrveetment ZoncNumber Sbdeen Fort if orlh, Texas (Veafe Ranch) Exhibit C-1.4.2: Proiected Assessed Value -2029 DeveloDmentl -Tarrant Coun Residential Cammemial Development 2.01Y. Singlc Family Residential multi -Family Industrial Office Retail (Big Box) Year Assessed la latioo Value Per Projected Value Per Pmjeeted Value Per Projected Value Per Projected Value Nr Projected Total Projected Ending As 00 Facw? �y llnit! Unit Assessed Value Sq F? Sq Ft Assessed Value Set Fla Sq Ft Assessed VnJw Sq Fly Sq Fe •s...� d Value Sq Ftr Sq Ft Assessed Value Assessed Value r _31 [>Cc 23 plan-24 IOOYa 0 $512,000. $0 "- 0 5213 SD 0 S62 SO 0 S183 SD - 0 S83 5 _ 0,_ --� 31-Dco-24 Wan-25 102% 0 $522,240 $0 0 $217 SD D S63 $0 0 $187 SO 0 SO 0 l_31-0cc-25_:.:�...[-fan-26, _ _ l04% 0 _�_5532,665,_..r�__,�_- _ ..Y..,w...$226 ._..v_._..-SOv.,�.__.-.,._,0_ry SO .D '._,_...,...$�---'�,�'_.- _.....�..,,..._$0..-_.. SO ..... 4 -$19l_.....u�...�5�»'w.,»_._,....,T..O .,_SU_ _ ., �,� _$85 _ _ S87'_ ._.�,_ __ -39;...M_. _ _ Vd 31-Deo-26 l06%_�.._._..Q..- $543.338 SO_...,._..--'--- 0 $235 566. _..,.0. .._,.....-.,S[95.. -0 'SBE. .» s0._ _1-Jan-27~� ..: 0 $235 SO 0 S6T $0 0 31-Dee-28 I-Jan-29 110% 336 S565,289 S1B9,937,229 362,573 $24D 586,944,765 599,745 S69 $40,187,567 ID4,544 S202 521.161.254 43,560 S92 S3,999,034 342.229.950 " 31;Dco-29_ �, 1-Jan-3_O T,Il3%�� 336 w S576,595� T5193,735,973�� 62,573� '5245�_ '_566,683,650588,74S -�S70 540,991318 I04,544 r 5206�� 521,384,a79�_443,56D" µ$94�__ _ $4,f179,613 349-074,44T! 31-Dec-30 l4aa-3l_ 115% 336 $588.127 S147,610,693 362,573 _ S249 S90,457,334 588,745 S71 541,611,145 104,544 S211� $22,016.169 " 43,56D S96r SJ,16D,595 356.055,936 _ i 31,Dcc-31"�yl-lan-32"11T35J�T336'5599,890-T_$101,562,907.,,,_362,573 W _ ~ ._ _,.�_„5254'.592,266,460� A 588,9-05-__ST2_-.-�Sd2,667,368�_� I04,Sd4_-�-5215 �S22,d56,i92 _,Z4�560_ _597--«^_`S4,243,80T_ i �$219� _ �363,177,U54�; 31-Dcc-32 Ilan-33 I20% 336 $611.997 $205.594,165 362,573 S26D_ S44,111,810 598,745 $74 S43,5DD,315 $22,905,622 43,560 $99� $4,328,683 370,440,59E - �- - 31"Dec-33"I-lan-34 - l22% - 336» $62 - 4 125 � J „$204,T06049� -_- 6 573' :. 32. _ _ -"� _, 5265 595,494,045 � � 581.8 795 ., - .. $7S� $44^70,321 .� a _104,544 _..,_„ =X04,S44 $223Y �$23,363,73543,560 FI04j44_ _..., ,__„ _ „__.._. ,$10I� $4,4'5,257` - -w» �$4,503j62 ` 371849,407, 31-Dec-34 Idan-35 l24% 336 S636,608 $213.900,169 362,573 5270 $97,413,927 588,745 $77 $45,257,728 $228,M $2I,831,009 385,406,395.E r 31 Dec-75, u, ,mil-Jan_36 l27% 336 � 5649,3a4_;,�- 5218,178 362,573 5275 599,8T2,206-_ .:88,745 S76 $46,162,8B2 •I04,544 $233 $24,30j,6o0__ __43j60 _SI03 , µ µS4j93,634 x 343,10,523 > 31-Decd6 I-fam37 l29% � � _336 _ 5662,327 _ _ S222,541,736 362,573 S281 SI01,869,650 598,745 S60 S47,086,N0 I04,544 S24,793,T82 »43j60_ - ., 43,56D _jO , $108 Sa,685,506 400.976.914_ ...,,-.. _ -31-Dco-37 I-1aa-38 - - I32% 336_- ._ - .._ _ SG75,Si3�S226-992,5?I -�362,Si}'ry.n97„�T103,907,043588745 _ _ 562 _ S48,027,863__,_„_I03j44„ _ _$237 SI10w�'�M54,779.21G "_'»__408,996,350, � _ _ 31.15ce-38 6lan-391359e_ 336 5689,085 5231,532,422 362j73 5292 f105,985,183 588,745 _ 583 548,9B8,420 10-1j44 ,5242m'��525,289,656'�43,5_60��_', 5247 f25,795,451 43,560 Sll2 51,874,801 -417,176,277 _ .31-Dea39 "[-lan-40 _.. . »a.___..._,_war-_,_..._........__ ^_ .. -. _.._�- -137%' v_ 336 - .._ . . _,.-_ $7D2,866 �__..____._._ _ _ ._.. _ .�__ 5236,L63,070 ...... ...........v-�98'•'=$I08,104.887 ,362,513 58 745 ' - i85_, S44,B66,198 _ 10-7,544_ 5252 _`---526,311,360-- 43,560--' -- $!l4 ----Sd,472,297�� 425,514,1363 , 31-Dcc40 I-fan-01 l40% 336 $716,924 $240.896.332 362,573 $304 599.745 $97 $50,967,552 104,544 .» $26,837,587 43,560 .- $I l6 H �$5.071,743 434,030,199 _ r� 31-Dc'c-0l ,.„ ,'�l_lan-42 143%n,� � 336 �'--, 731,262,,'._, 45,704D58' ._.. ,. m... ,,.. .., ...,.r .., _ �362,573 A"'>5310 _.. ..:. .. _SI10,266,965 SI'i2,472,325�5fl8,'145�_--+�-$88" _ _ _S25T !' "I,966403 ` -' !-04,$F4 S262 '$27,374,339 _ � 43,560 -... , .. ..� ....... rod, __$k19�_ J""SS,S73,177_"'°'"4J2,716,8(13 r.., _„._. 31-Dcc-02 14=43 l46% 336 $745.897 1250,618,140 362.573 $316 $114.721.771 598.745 $90 $53,026,641 ID4,544 $267 $27,921,826 43,560 $121 $S,276,641 451.565,019 '�•31-Der43 �i'l-Jan-t4_�_�-�'�-149'/�'"�_336�-_-"'S76b,605,�-�525_5,630,SG2�.,_362,573'" _ .-.._.. m " �$776.021 �;S323W__SI17,016„2671,-_-,588,745��J59_2^�;'m.S54,0_B7,i74 -�'�IQ3344-- S272�_,$28,46¢262�w-J.43,560_��~_5125�-�-'S5,382,174�` �S278 _ 46b,546,319'_+ 31-� I-Jan-0S I52%W 336 5260,743,112 362.573 5329 SI19,356j31 588,745 S94 164,544�_ 529,049,867 43j60 5126 S5,484.8I1 469,808.245 ' 31-Dccc�S_. 1-1an-16�_ z I55Y�-_ 336 ~336 ��5741,S42^ 3265,957.975,rv,r Y362,573�w�5336 Y _ SI21,743,661 _ Y_588,745, �399.745 S96'� _TSS,166,91H �,-S56,Z72�96µ 161,544�, -S223- �-S29,630,86S_ 43„56D_�� 'S129 _ _ W55,399,b14 v �S5,711,606 479,?�4,4ID -. 31-Dee-46 1-Jan-47 158%m_ 58DT,372 362,573 S342 $124.178,534 $97 $57,397,742 104,544 $289 $30.223,482� 43.560 $131 488,799.499 _ S823,520 _S271,277,134 _ 5276702G77-W ~382,573---$349-mow$L26,562,I05�� _ 566,745LLS99'-S5H545697104,44����5295�µ�"530,827,452�-��" 43,560�� ._.,$301� �d~$31,444,511 -�� Y$59,716,611 5134 � _$5,825,838 �� _"$5,942.355 "• _ J98,564,269» � 31"Dec-48 l-Ian-09 164% 336 $339.990 $292,236,730 362,573 $356 $129,195,347 589.745• $101" 104544� 43,560_ S136ry� 508,535,554 31;Dccm4ll -__,mil-!an•50- , m31-Dec-50 . l67% �36 _,i $956,790,, .,; $287,881,465 _ 362,573 M362,573~ "S363 ,,, ' $1.31,779�254., -,,56&,743 �'_5103 ..„56d, 443" _r - 104 544_ S307»�S32,073,101 -m$313�IF�S32,714,869"-_-45,560 � 43,560� v�739' rZ _...,.... ,._ -$6,182,426 ......._ I-Jan-51� 171% 336nM $973.926 $293.639,094 $371 $134,414.839 589,745 $I06_ S62,129,162 1D4,544 S142� 519,060,34D-„ ,, 3l-Dec-51 _1=tan-52- "�I74Y �_ 336_-, $89I,dOd _: 5299511,876Y r�_ �336� 362,573 5378_� �5137,100�13b_mm 568,745�� $IUB�'-� 563,371,1J5 104,544 _n� S319 µ� S33,10166 as 41,560 SWS %43,560 -S6j3KO74- �$6,432.196 �550,455XS 539,661,993" 31-13ec-52 l4an-53�M 178% $909,232 S305,502,114m 362,573 S396 S139,845,199 399.745silo S64,639,180 104,544 S326 S34,036,550 $148 M I•Ikc•S3 __ l-fan-Sd _�_�y181% Mal-Dco-54w TldanSS� ry185% "-J336 336_ ��. ,5927,417��S3I-16t2,156 _,,,,362,573'- A S393_-^ - SI42,642,101 588,T45� �,-SI12 �565,4i1,963 "„�IU4,544_: �S67,250,603 � 5332 534.7U281x �� 43,560_,_ ;,$ill _ $6,560,8a0�ry �_$6,692,057" NSGl,4b1,343 � S945,965mY•�S317,844,399 362,573 $401 $145,494,945 599,745 SI14-�T 104,544 $339 S35,411,626 43,$60 5154 572,693,630 1-Jan-56- , 168Y _ _ _336 Aldan-57 a. - 5964,685- - �$964,182 „-$324,20.1,287„" _ 362,573M,;, r362,573 ,-'Sa49 3148404844 _ SB8,745,,104�544 � �599.745 � �, $345,_� , ,436II9859 �,�w43,560 _ � ...,k....;..,_.. „ S157 . ,,-56,B25,B48 _�,,,,0 584147,502 _; �595,60,452 31-Oce-56 192% 336 $330,685313 ,S417 S151,372,941 S119T $59,967,527 1D4,544 $352 S36,842,256 43,560 S160 '$6,962,416� "- l-Jan-5 v 31-I)ec•51 r,..-_�_ _ ,. -. ,. �.._. - ....,...,. _ "'-196% _.._.._.... ..,.. 336 S1,003,666 •5337,294,019'��µ 362,Si3-'S42G'-Y-5I54,400.399'M�-568,T45 ',T�SI21M 571,; -878 _ -_ -' -^ µ .., ........._ ..._..._._..._._. _,. ...- ._ . _..,.,....,.. _.._ "M'1Rq,544� _._ T �S359 W'S37,5T9,101' "::43. � - A3,566 •._ ,.SICx3 57,101,669Y....•..TG07;147.06!'�. _ _ _ �._ J._ hnv,.Cep, fae. 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Pi ie -.00000.Paoao�oPo�aC�.+�'tCCC�CFCCC I --- -- _ - -- _ --FI rva •� ry rvrv�N n � L F■F■ yy y■yy qq a yy1A1 `y1+ q yq ♦p ♦p ♦{ 1p ♦q `${ 3 $ �5 rnpf �( Mp xp -pA "pf M .9n6. n '9, n8 Y'a q Ynp y •n g j} .^n Yy n r Gy �+ Ga � �py v, r. r '@$y .qy{ F n ----- � 9 c 7 - - - T - 2 Z Reintrstment Zone Number Sixteen Fort Worth, Texas (Vecie Ranch) Exhibit C-3.22,2: Prniected Assessed Value - 2046 DevelWme011-Tarrant Cnwuv Res.kpr.% C-0mmia! Development 2.V/ .__ lyjy-FB yy€, - - _ _ _- IROYS ) .. 01Tice ,.gy(iili�SiyyBaxl Retail (PadRulim) Year Assessed In@alwn Va uc per ProjCcud Value Per Pmjeclad Value Per Projeetcd rnlue Per Projected Value Per Projected Total Projected End=g As 00 Factof Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Asacssod Value Sq Ft' Sq Ft Assessed Value S Ft' Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assrsscd Valve 31-Dec-23 14 -24 11)0% 0 $233 $0 0 $62 SO 0 $183 S0 0 293 $0 0 $275 SO 0 31-D,:c-24 Wan-25 ID2% U $217 SO 6 963 SO 0 $187 SO U SRS $0 0 $281 $0 0 31-1)Cc•25 14na -26 104% 0 S226 S0 0 S64 $o 0 $191 $0 0 $97 $(j 0 $286 SD 0 31-Dcc-26 I-lan-27 IU6% 0 $230 $0 0 S66 SO 5 SOS SO 0 S83 SO 0 S292 $0 0 31-DeC-27 1-1att-28 108% 0 $235 $0 0 $67 so 0 S198 $0 0 $90 SO 0 S298 SO 0 31-Dec-28 I-Jan-29 €16% h 5240 $0 0 S68 SO 0 $202 SO 0 $92 $0 0 S304 $0 0 3143e 29 I-Jan•30 113% 0 $245 SO 0 S70 SO 0 $206 SO 0 394 SD 0 $310 $0 0 31•Dtc.311 I-Jan-31 115% U $249 SO U $71 So 0 $211 SO It S96 SO 0 $316 $l) 0 .I-Dwn31 1•]ut-32 117% 0 5254 t0 0 $72 $0 0 1215 SO 0 $97 50 0 S322 SO 0 31-Dcc--32 I•Jan-33 120% 0 $260 $0 0 $74 SO 0 $219 SO D S99 SO 0 $321) SO 0 3].Dec-33 1•Jan•34 122% 0 V65 SO 0 S75 So 0 $223 SO 0 S101 SO 0 $315 $0 0 3]-Dec34 I-Jan-35 124% fJ S270 $0 0 S77 SO 0 S228 SO 6 SIN $o 0 $342 SO 0 31-Doo.35 1-Jett-36 127% 0 $275 $0 €I $79 S0 0 $233 SO 0 $105 SO 0 $349 $0 0 31-Dec-36 I-Jan-37 129% 0 S281 $0 0 $90 $0 0 $237 SO 0 $109 $o 0 S356 SO 0 31-Doe-37 1-Iltrt-38 132% 0 S297 so 0 S82 $U 0 $242 SO 0 $110 SO 0 $363 $O 0 31-D-39 1-1an•39 135% 0 S292 $0 0 $93 $U 0 $247 so 0 $112 To 0 S37D So 6 31-Dcm39 1-Jam-40 137% 0 U99 SO 0 S85 So 0 $252 SO 0 S114 SO 0 $379 $0 0 31•Da40 1-Jan4l 14W. 0 SM SO 0 $97 SO 0 1257 S0 0 $116 S0 0 $185 SO 0 31-Det4l 1-latt-42 143% 0 $110 So 0 S98 So 0 $262 SO 0 $119 SO 0 $393 SD 0 31-Dcc-€2 1-1-43 146% 0 5316 SO 0 $90 SO 0 S267 so 0 $121 SO D S401 SO 0 31•Dec43 14;trt•44 14W. 0 13323 $o 0 $92 $o 0 S272 SO 0 $124 SO 0 $409 Sc 0 31-Ace 44 I-lan-45 152% D 5329 SO 0 S94 $0 0 S279 $0 0 $126 SO 0 $417 SO 0 31-D= 45 1-1an-46 155% 0 S336 SD 0 $96 $0 0 $283 SO 0 $129 SO 0 $425 $0 0 31-Dec.46 1-Jan-47 1591/. 362.573 $342 S124,17R,534 243,243 $97 S21.909,153 104,544 S289 530,223,482 45.738 $131 S5,997,196 32,670 S434 $14,167,257 198.475,613 31-Dec-47 Ww-48 161% 362.573 $349 S126,662,105 243243 S99 $24-397,337 104.544 $295 S30.827,952 45,7311 S134 56,117,130 32,670 S442 S14,450,602 202,445,126 31-Dcc-09 1-Jan-49 164% 362,573 S356 $129,195,347 245,243 $101 524.875083 104.544 $301 S31,444.511 45,738 S136 $6,239,472 32,670 $451 S14,7N,614 206,494.= 31-13cc49 14m50 167% 362.573 S363 S131,779,254 245.243 $103 $25,372,595 104544 S307 $12073401 45.739 $139 S6364262 32,674) S460 S15034,407 210,623,909 31-Dec-50 Wan -SF 171% 362,573 $171 S134,414,839 245,243 $106 525,890,037 161,544 $313 S32,715869 45,739 $142 $6491.10 32,67U $469 515,335,095 214,836397 31-Dec•51 €-1m.52 174% 362 573 $372 $137,103,136 245,243 Slog S26,397,637 404,544 S319 S33.369,166 45,73E $145 56,621,378 32,670 $479 S15,641,797 219,133,115 31-13ec-52 i-lan•53 118% 362.573 $386 S139.945.i99 245.243 SIM $26 925.5911 104.544 S326 $34.U36.550 45,738 $149 S6.753,906 32,670 S499 S15.954.633 223.515.777 31-Dec-53 Wato-54 191% 262,571 $393 S142,642,103 245,241 $1)2 .$27,464, 1 n2 104,544 $332 $34,717,231 45,736 $151 $6,889,982 37,670 $499 $16,273,725 227.986,092 31-Dec-54 1-1an•55 J85% 362.573 $401 S145,494,945 245,243 $114 $28U13,384 104.544 9339 S35,411,626 45,739 $154 $7026,659 32,670 $508 S16,599,20 232,545,814 31-OCC-55 klan-56 199% 362.573 $409 S149,404,9" 245,243 $117 $28,573,652 104,544 $345 S36,119,859 45,738 $157 $7,167,193 32,670 $$18 $16.051,194 237;19(,731 ,1-Dcc-56 1.13n-57 192% 362.573 $417 $151,372941 245,241 5�19 1:29. 145,125 1M544 As�2 S36.842,256 45,738 $160 S7,310,536 32,670 $529 SI7,269,807 241,940,665 31-Doc-57 I-1ao•58 196% 362,573 S426 $154,400,399 245,243 $121 S29,128.027 1114344 9359 537579,101 45.739 $163 $7.456,747 32,670 $539 $17.615204 246.779,479 31-Mc-SB i-fan-3y 2D0% 362,573 S434 S€57,488,407 245.243 1124 S30.322588 IU4.544 $367 $19330.693 45,739 $166 37605.982 32671) $550 S17967,30R 251715068 31-3e4,.59 l,lart-60 204% 362,573 SW &160.638,1?6 243,243 1126 S30,929,039 tOk- 4 $374 $39,097,297 45739 $174) $7,758000 32,671) $561 S18,326,858 256,744,369 31-DccfiO i•Jan l>I 2D8% 362573 S452 Stfi3850,939 245.243 $129 $31.547R2n ID4_544 $381 539.879.243 45,739 9173 S7413.160 32,67D $572 S18.693,395 261484.357 31-Decfi1 1-1an•62 212% 362,573 $461 $167,127,958 245,241 $131 $32,179,573 104,544 $389 $40,676,82R 45,739 S176 $8,071,423 32,671) S584 S19,067,263 267,$22,044 3f-DCc62 I-Jan-63 216% 362.57, $470 S170.470.517 245,243 5134 S32,922,144 104.544 $397 S41,490364 45,739 $190 $S.232.R51 32,670 $595 $19.446.608 272464.495 33-DeC63 1-fan-64 221% 162,573 S480 S173,879,927 245,243 $117 $33.479,587 1D4,544 $40.5 $42,320,171 45,738 $194 $8,397,509 32,670 $607 $19,937,530 277,913,775 31-Dec64 I-Ian-65 225 % 362 573 5499 S177,357,526 245,24.1 $139 $34, 148, 151) 104.544 $413 $43,166,575 45,739 S187 S8,565.459 32,670 S619 S20,234,i32 283,472,050 33•Dec•GS I.1an•66 230% 362.573 $499 $180,904,676 245243 $142 $34.831,122 104,544 $421. S44.029,906 45,739 $191 Sg,736,769 22,670 9632 $20,639,019 289,14 €,491 .,I-Da66 1-1-67 234% 362,573 S509 S184,522,770 245,24, $145 $35,527,744 104544 .S430 $44,910504 45,739 Sf95 S8911.503 32,670 $644 $21051,799 294.924,321 3;-DC-67 IJan-68 239% 362573 $519 S188,213225 245.243 S149 $36239,20 104,544 $439 S45.808.715 45.738 $199 $9,0149,731 32.670 $657 $21 472.835 300.922.907 31•Doc69 I4an69 244% 362.57, S529 $191977,490 245.243 $151 S36,963AS 1D4,544 $447 $46924,889 45,138 S203 $9.271,529 32,679 S670 S21,902,292 306,839763 314Dec64 I4=40 249% 362,573 $540 S195,817,040 245,243 $154 $37,702,326 104,544 S456 S47,659387 45,738 $207 S9,456,958 32,670 S684 522,340,337 312,976,049 3€-Aa-70 I-Jan-71 254% 362,573 S551 $]99,733380 245,24, $157 $38,4%,373 ID4.544 S465 S486€2,574 45 39 $2ll S'9.646.098 32.670 S697 S22,787,144 319.235.570 3€-De 71 1-1a 72 259% 362,573 S562 S203,728,048 245,243 $160 $39,225,500 104,544 $474 $49,594,226 45,738 $215 59,83R020 32.670 $711 $23,242,897 325,620,291 3I-Dec-72 Wan•73 264% 362573 S573 S21)7.801.609 245.243 $163 $40.010,0111 104.544 SM4 $50,576,522 45,738 S219 S10,035.800 32,676 $726 $23.7D7,745 332.132.691 3 €.De.73 I-Jan-74 269% 362,573 $595 S211,958661 245,243 S166 S40,810,211 104,544 S493 S51,588,U53 45,730 $224 S10,236,516 3Z670 $740 S24,191,900 338,775,340 31-Dc,74 1-Jan-75 275% 362,573 S596 $216,197.834 241,243 1170 $41626.415 104.544 S503 S52.619,814 45,738 S228 $10,441.246 32,670 5755 524,565538 345,550,R47 31-Dec-75 14=46 29W, 362.573 S608 S220,521,79€ 245,243 5173 $42.458,943 104,544 $513 $53.672,210 45,731 $233 $10,650,071 32670 $770 $25,158,944) 352,461,964 �rr�„a no.7xi 'A-di.p e,, aK "'_1 te1'*otAppmun1 Eh: .. ofJ.- 1 crouch, D-B the;'�O n.,r lhk G "W.g cmnpkwd.; f J.- I A.- d. d,auy cnnswcunn :Aaty .mannul unorwnr -of 2o% '[�mriuni w me lkvcMlxr Reimnlment Zane Number Sixteen Fort Morth, Tess (Value Ranch) Exhibit Ir1.23.1- Proiected Assessed Value- 2047 Develonmentl -Summary Resideaaal Commercial Dunlopmcnt 2.0% Multi -Family Industrial _ Office Retail (Big Box) Rend {Pad(Inllne) Year Assessed Inflation Value Par Projected Value Per Pm*w Value hr Projected Value Per Projected Value Per Projected Told Projcctd Ending As Oft Factor' Sq-Ftt Sg Ft Asscsscd Value S LFe S.9 Ft Assessed Value So Fts Sq Ft Assessed Value Sq FO So Ft Assessed Valuc Su Fe Assessed Value Asscsscd VnSun - -�JI-Jan-25 .y --»�� .0_.--,-,-�... t0.»-. -. �. a, ��_.�.s.. 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SO , �... _ .. SIOI_' . V..__,�_,..- Or..,.»,......5335,..-.. �.w.."S0_._.,.` .�0.�.^,.., 31-Det,34 Wan•35 124% 0 - . ___ »..... $210 SO _.,_-._ 0 - - __._,_,..»_ $77 SO 0 ...._5223 5226 _.-...$0 u_.--o�------$103 _ SO _ _ 0 ____.... 42 _. So__.. 0 s"31-�cc-35-1•Jari-36T�12795 � »31-DCev'6 U-_...,.�,$275�---50-----•-__� YO __.. „$78.-..,,..r,._.-.SO_....._....,..._.0..,.._.._,..._.__ 3_$6'- -___Q ...-»_$165 �____•_•0---� S.49_ ,SO 14hn-37 1295 S291 $0 0 $90 SO 0 $237 SO 0 S108 SO 0 S356 SO 0 _ 31-Der'7 !Jan-38 _132% 0 _ _ S28T SO _ �0 $82_ SO 4 S24_2 `- SO . 0 5110 V. _ S9_ 0 530. �S0' _ 0. --'u4TSO Os�.__..5112 _ ^'0' - S370 $0 -_ - •_ _^ 0 �140%� 0 __ _. 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'�'�`156.81b 5359_ SS_6,368,652'32,670r 5339'J-SI7,615�04 v 309,839,77h -IS6,816� __$367 S57,496,025 43,738 S166 S7,605,882 �32,670� $550 �S17,967,503 �~316,036,567 _�_ 156,A16:'-`5374.__"`^WS5A,6g5,945�4_S,73A_'5170'_�__ 57,75_8,000___ _32,670»-___S561'_ ��St8,32fi,858�_- 3_22�5T,296' 156,816 S381 S59,819,864 45,7338- $173 _ 57,9I3,160 ' 32,670 $572 _516,693,395 328,04.444 �I56,816_ _',S389W __»S61,O15,2A1_ ._�45,T38 _S[76 __S8,071,423 _' 32,670___S.594_519,.(v163 � 335,38U,533 _ 15&816 S397_ S62235,546 45,738 _ _St60 $9.232,851 32.670 $595 4 S19,448,608 342,088,144T i5fi,816 ___5405 y-S63,480,257Si84ry',_'_S8a97,S[i6_732,67_0���"5601"�'__519,637,58D' �'346,929,407" " 156,816 5413 _ 564,749,862 45,738 "r$187 _ S8,565,459 _ 32,6741- _ $619 $20.234,332� 355,908,505- » _IJ6,816, -._- 42I6� .r W �566,044,86fi-45,73~"-_St9l4N ,58,736,76C-_ 32'676 » r _ 5632520,639,1119'- _363,026,67$ 156,816 W S430 _ $67,365,757 45,738S195 » S8,911,503 32,670 -S644� S21,051,799 370,287,208 -Si99�_, 59,089,T33__-,_32,6TD_�$657 _ _S2t,472,835�" J~�3T7,642,952-; 156,816 $447 $70,087,333 45,739 $203 - $9,271,528 _ 32,670� $67DW $21,902,292 �4385,246,811-- I56,816M »� 5456 �571.489.060�""W`"15,738d °� ...5207------ 59.456.958 '^-32.670 5664 ^ � 522,340,337,_391951.748 ._r :75 156,916 �_-S465 $72,919,862__ ry45,T38ry� 5211✓---59,646,098 32,6T0 ....__.-5697~�M--522,78T,144' ^4D0,610,783 i0,_... S474 _ ._ ...- ...,_. ... .. ._,_.,,. ",;,.,_,,, _,,, 574,377,234 .•,»,4S,T38,,�,,,,,,,,,,'5215 T9,839,020 ' '72,670 __..-:y $TII,.. „523,242,887 408,626,998,�i i56 156,916 $494~" $75.964.784 - 45,738 $219 _ $10,035,800 32,670 S726 S2%707,745 M 417.003.538 ;128 .y�iISI�,-�$4v,,»�_,•�,'��w-,"_��„✓'�="8,042543, _7,3609 48ry 7B6,66 S503 S78,9,721_ 45,739 $228 $10,441.246 32,670 S755 S24,665,538 433,830.481 62_`_'I56,X'W__ "3_^_ 549--442,527491__ SS 1585 43378,041!21685,,,7._,6,-',,,"I dlm,iCaD. law 'Acwdmg tothe Pxik Comuy APPrefsd Distriet,md Tanmt Cm aApprsisal Dimity pmpaiy o as...Earoflmumy 1 mnmay. I>txiagwa +uo.. the M- dvatm; p "Ow pnrtmaoCOe WldbgwmpletaduoCJaovery I.A-.aoa-.dralnedut consvuclioa. =Aesmaa eeammcl adU6=fwtmof2.0%. 'P,m-idcd 1y me Develefc. Reinvestmoent Zone NumberSirteen Fort Worlh, Texas (Velue Ranch) Lb.Wbit C-1.23 2 _ Proiected Assessed Value - 2D47 Deveionmentl - Tarrant County Residential Commercial Development 2.0% Multi -Family Industrial Retail (Big Box) Retail (PaMnline) Year Assessed Inflation Value Per Projeeted Value Per Projected Value Per Projected Value Per Projected Total Projected End As Of FactorZ S Fe Sp Ft Assessed Value SG,FI' SW t Assessed Value Sq Ft' S F1 Assessed Value Sy Ft' S. Ft Assessed Value Assessed Value 31-Dec 1-Jan-24 €00% a S213 $0 t1 so 0 $0 D $275 $0 0 31-Dec-24 I-Jan-25 102% 0 1217 $0 0 $63 SO 0 $85 $0 0 $281 $0 0 31-Dec-25 I-Jan-26 104% 0 $226 $o 0 S64 $0 It $87 S0 0 S286 $0 a 31-Dec-26 I-Jan-27 1061/a 0 $230 SO 0 S66 $0 0 $98 $0 0 S292 SO 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 S67 SO 0 $90 $0 0 $298 SO 0 31-Dec-28 1-Ian-29 110% 0 $240 $0 0 $68 $0 0 $92 $0 0 S304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 SO 0 $94 $0 0 S310 $0 0 31-Dec-30 1-1art-31 i 15% 0 $249 $0 0 $71 S0 0 $96 $0 0 $316 $0 0 31-Dec-3i I-Jan-32 117/a 0 $254 SO 0 $72 SD 0 $97 SO 0 $322 $0 0 31-DecJ2 1-Jaa-33 1201/ 0 $260 $0 0 S74 S0 0 S99 $0 0 S329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 SO 0 $104 $0 0 $335 $0 0 3I-Dec-34 I-Jan-35 €24% 0 $270 $0 0 577 SO 0 $103 $0 0 $342 $0 0 31-Dec-35 I-Ian-36 I27% O $275 $0 0 $78 $0 0 $€O5 SO 0 $349 $0 0 31-Dec-36 I-Jan-37 129% 0 $281 $0 0 $80 $0 0 $108 SO 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $92 $0 0 $110 SO 0 $363 $0 0 31•Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 $112 SO 0 $370 $0 0 31-Dec-39 1-Jan-40 137/ 0 $298 $0 0 $95 $0 0 1114 $0 0 $378 SO 0 31-Dec-40 I-Jan-41 14M 0 $304 So 0 $97 $0 0 $116 $0 0 S385 $0 0 3J-Doc-41 I-hm-42 143% 0 $310 $o 0 $99 So 0 $119 $0 0 $393 $0 0 31-Dec-42 1-Jan-73 14611. 0 $316 s0 0 S90 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 I-Jan44 149% 0 $323 SO 0 $92 $0 0 $124 $0 4 S409 $0 0 3I-Dec-44 I-Jan-45 152% 0 5329 SO 0 S94 $0 0 $126 $o 0 $417 $0 0 31-Dec45 1-Jan-46 155% 0 -$336 - $0 0 $96 $0 0 S129 $0 0 S425 $0 0 3I-Dec-46 I-Jan-47 158% 0 $342 90 0 $97 $0 0 S131 $0 0 $434 $0 0 33-Dec47 Wan-48 161% 362,573 $349 $126,662,105 245,243 $99 S24J97,337 45,738 $134 $6,11.7,1.30 32.670 $442 $14,450,602 171,611,174 31-Dec,48 1-Jan49 I64% 362.573 $356 $129,295347 245,243 $101 S24,875,083 4%738 $136 $6,239,472 32,670 $451 $14.739.614 175,049,517 31-Dec-49 I-Jan-50 167% 362,573 $363 $131,779,254 245,243 $103 $25,372,565 45,739 $139 $6,364,262 32,670 $460 S15,434,407 178,550.508 31-Dec-50 i-Jan-51 171 % 362,573 $371 $134,414,939 245,243 $106 $2S,880,037 45,738 S142 $6.491,547 32.670 $469 $15,335,095 192,121.518 31-De -51 1-1an-52 t74% 362,573 $378 $1.37,103,136. 245,243 $t68 S2097,637 45,738 - $145 $6,621,378 32,670 $479 $15,641 797 1115,763 949 31-Dec-52 I-Jan-53 178% 362.573 $386 $139,845,199 245,243 $110 $26,925,590 45,738 $t48 $6.753,806 32.670 $498 $15954,633 199,479,227 31-Dec-53 i-Jan-54 €81% 362,573 -$393 - SI42,642,103 245,243 $112 S27,464,302 45,739 $151 $6,888,882 32,670 $499 $16,273,725 193,269,812 31-Dec-54 I-Jan-55 185% 362,573 $401 $145,494,945 245,243 $114 S28,013,394 45,738 Si$4 $7,026,659 32,670 SSOS $16,599,200 197,134,198 31-Dec-55 14aa-56 188% 362,571 S409 5148,404,844 245,243 $117 $2$,573,652 45,738 $157 $7,167,193 52,670 $518 $16,911,194 201,076,872 3t-Dec-56 Hen-57 192% 362,573 $417 $151372,941 245243 $119 $29,145.125 45,739 $160 $7,310,536 32,670 $529 S17,269,807 205,099.409 3l-DecZ7 €•Jan-58 196% 362,573 S426 $154,400,399 245,243 $121 $29,729,027 45,739 $163 $7,456,747 32,670 S539 517,615 204 20%20Q377 31-Dec-58 i-Jan-50 26De/ 362,573 $434 V57,488,407 245,243 $124 $30.322.588 45,739 $166 $7.605.892 32,670 $550 $€7,967.509 213,384,385 31-Dec-59 I-Jmr-60 204% 362,573 $443 $160,638,i 76 245,243 $126 $30.929,034 45,738 $170 $7,758,OW 32,670 $56i SI 8,326,858 217,652,073 31-Dec-60 i-Jan-61 208% 362,573 $452 $163,850,939 745,243 $129 $31.547,620 45,739 S173 $7,913.160 32,670 $572 5 19,693395 222,005, 114 3i-Deeb1 i-Jari-62 212% 362,513 $461 $167,127,958 245,243 $131 S32,178,573 45,738 $176 $8,071,423 32,670 $594 $19,067,263 226,445216 31-Dec-b2 1-Jan-63 2161/s 362,573 $470 $I70,470,517 245.243 S134 S32.822.144 45,738 S1SO S8,232,851 32.670 S595 $19.448608 230,974,121 31-Dec-63 i-Jan-64 221% 362,573 $480 $173,879,927 245,243 $137 $33,479,597 45,739 $184 S8,397,508 32,670 S607 $19,837,580 235,593,603 31-Dec-64 1-Jan-65 225% 362,571 $489 $i 77,,157,52(, 245,243 $139 $34,142,159 45,738 $197 $8,565,459 32,670 $619 $20.234,332 240,305,475 31-Dee-65 I-Im-66 2301% 362,573 $499 $180,904,676 245,243 $142 $34,931,122 45,738 S191 $8,736,769 32,670 $632 $20,639,019 245,111,595 31-Dec-66 I-Jan-67 23494. 362,573 $509 $I94,522.770 245,243 S145 $35.527,744 45,719 $195 $8,911,503 32,670 $644 $21.051,799 25D,013,816 311Dec-67 I-Jan-68 239°/, 362,573 $519 $199,213,225 245.243 S148 536,238,299 45,736 $199 $9,089,733 n'670 $657 $21,472,S35 255,014,093 31-Dec,68 1-1-69 244% 362,573 $529 $191,977,490 245,243 SI51 $36,963065 45738 $203 S9,271,528 32,670 S670 S21,902,292 260,114.375 3I-Dec49 1.3m-70 249% 362,573 $540 $195,811,041) 245,243 $154 $37,702,326 41,738 SW7 $9,456,959 32,670 $694 $22,340,337 265,316,662 31-Dec-70 I-Jan-71 254% 362,573 $551 $199,733,380 245243 $157 $38,456,373 45,739 $211 $9,646098 32,670 S07 $22,787,144 270,622,995 31-Dec-71 I-Jan-72 259% 362,573 $562 $203,728.048 245,243 $160 $39.225,500 45,738 $215 $9,939,020 32,670 $711 $23,242,887 276.W,4$5 31-Dec-72 1-Jan-73 264% 362,573 $573 $207,602,609 245,243 $163 $40,010,010 45,739 $219 S10,035,8m 32,670 $726 $23,707,745 281,556,164 31-13ee-73 1-Jan-74 267/ 362,573 $585 $211,958,661 245.243 $166 $40.810,211 45,738 $224 $10,23016 32.670 $740 $24,191900 287,187,229. 31-Dec-74 IJan-75 275% 362,573 S596 $216,197,834 245,243 $170 $41,626,415 45,738 $229 $10,441,246 12,670 $711 $24,665,538 292,931,033 3I-Dec-75 I-Jan-76 280'/a 362,573 $608 S220,521,794 245,243 $173 S42,458,943 45,738 S233 S.10,650,071 32,670 $770 $25.158,849 298,78q,654 31-Dec-76 I-Jan-77 296% 362,573 $620 $224,932,227 245,243 $177 S43,308,122 45,739 $238 S10,863,073 32,670 $785 $25,662,025 304,765,447 :WanrC'ap, lac. According to the Tarrant Count App,,,,l Irstrict pnperty is assessed as of JanwTy I annually. D-rig aonsttuetion. the assaesed value represents the ponian nfthe bAding completed as of January I. Assumes ao assessed an,l. diving wnsuuction. -Assttmea en annual mfSation faolor of 2 0%. 'Provided by 6te Dcrcloper. Reim+estment Zone Numher.SLrteen Fort Worth, Texas (['erne Raneh) Exhibit CG1 24 I � Projected Assessed Value - 2048 De9elo0mentl - Summary Development Year Ending Ass -d As 00 2.01% Inflation Facto? Sq Fta RPykk tial l F0111i1j' a uc �cl� Sq Ft Pmjected Assesad Vale Sq Ft' iFdy> I Value Per Sq Ft Pmjecled Assess d Val Sq Ft' {��� Value i)er Sq Ft Commerij01, Pmject^d Asscssd Val- Sq Ft' 31-Dec•23 1-Ian-24 100% 0 S213 SO 0 S62 SO 0 SI83 s0 0 31-Dec .24 Ilan-25 102% 0 $217 So 0 $63 $0 0 $187 s0 31-Dec-25 I-Jan-26 104% 0 $226 SO 0 S64 $0 0 $191 s0 31-Dec-26 I-Jan-27 10(%y 0 $230 SO 0 $66 $0 0 $195 .$0 0 31-Dec-27 wm-6 u1 ,v 0 $235 SO 0 $67 SO 0 $199 s0 0 3I-13ec-28 I-Jan-29 110% 0 $240 $O 0 $68 SO 0 $202 $0 0 31-Dec-29 I-Jan-30 113% 0 $245 SO Q $70 so 0 $206 so 0 31-Dec 30 1-Jan-31 115% 0 $249 SO 0 $71 $U 0 $211 $0 U 31-Dm-31 14an-32 117% 0 $254 s0 0 $72 SO 0 $213 so 0 3l-Dec-32 14 --33 12D% U S260 SO O S74 $0 0 $219 SO 0 31-Dec-33 I-Jan-34 122% 0 $265 s0 0 $75 SO 0 $223 s0 0 31-Doc-34 I•Jan-35 124% 0 $0 0 �(I 0 $228 SO 0 31-De 35 I-Jan-36 127% 0 P70 j5 s0 0 j77 1 SO $233 SO 0 31-Dec-36 1-1,•m-37 129m/ Q $291 so $80 So 0 5237 SQ 0 31-DEc-37 WM39 132% it $281 4U U $92 $0 -.0 124 ,) 6 31-Dcc-1A 1-Jan•39 135%q 9 $2975 jA 0 S83 0 $247 $0 0 31-10,ec-39 WauaO 137% 0 3291, '1'd' o $a5 4$,0 $0 s252 so 0 31-13ec40 Wan-41 140% U $304 s0 D 97 U 0 S257 SU f) 31-Dec4l I-Jan-42 143% 0 $3YJ a 0 $262 SO J 31-13-42 I-Jan-43 146% 0 $316 s0 0 $40 $Q 0 $267 SO (1 31-Dcc43 Wan-44 149% 0 $323 s0 0 S11. 0 $272 S11 31-Dcc44 I-Jan45 1571% $329 0 54d s0 0 j78 SO 0 31-Dec45 I-Jan46 U .0 $336 i, 0 S% SO ;1. $0 0 31-Dec46 Wan-17 159% 0 $342 SO 0 �97 SO 0 $289 $0 0 31-Dec47 WanaB 161% 0 S349 so 1 5 SO 0 $295 $O 0 31-Dec•49 I-Jan-49 l64% 450,413 $356 $160,495,322 301,871 pf 518,886 156.916 $301 S47.166,7L7p6o�� 2,178 31-Dec-49 I-Jan-50 167% 450,413 S363 $163,705,228 361.971 sA,a1,264 156,916 S307 548,11b,)' 2.178 31-Dee"�(I Wan-51 171% 450,413 $371 $166,979.333 301,871 $106 S31,855,889 156,916 $313 S49,072,303 2,178 W1 Ot 3IJ •m-52 174% 450,413 S379 $170,318,919 301,871 $109 S32,493,007 156,816 S319 $50,053,750 2,179 31-Dec-52 Han-53 178% 450,413 $396 S173 725.299 301.871 5110 $33.142,867 156.816 $326 $51.054,825 2,178 31-Dec53 Wae-54 191% 450,413 $393 $177,199,903 301,971 $11.2 $33.805,724 1.56,916 $332 $32,075,921 2,179 31-Dec-54 I-Jan-55 195% 450,41, S401 S180,743,800 301.871 $114 $34,481,938 156.816 S339 S53,117.439 2,178 31-Doc-55 WM-56 199% 450,413 $409 $194,358,676 301,871 $117 s35.171,475 156,916 S345 S54,179,788 2,179 31-Dec-56 I-Jan-57 192% 450,413 $417 $IR8,045,R49 361,871 $119 S35,974,905 156.916 S352 $55.Z633�� ?r)79 31-1)ec-57 I -Jan -SR 196% 450,413 S426 $191,906,766 301,971 $121 S36,%0_ 03 156_R16 $359 $56.37�',1::: .,178 31-Dec-58 I-Jan-59 2W% 450,413 $434 $195,642,901 301,971 $124 $37,324,251 156,916 $367 $57,496,025 2,179 31-Dec-59 1-3an-60 204% 450,413 $443 $199,555,759 301.,971 $126 S38,070,736 156,916 $374 558,645,Ns 2,178 31-DOc-O -31-Dee-61 I-Jan-61 ?-/Y ��`J„ Isp 1�3 452 $20-546,R75 301•R71 1{�129 13 ,932.15 I BY 16 SIX $59 A19964 ;//178 Wm-62 - ;L�.•,9 61 $207,617,812 301,871 JIJJ �y ' . 1 I5fi.k16 '�ff1I11 S61,615,241 Zi( V 31-Dec-62 I-Jan-63 216% 45o.413 $470 $211,770.169 301.871 $G4 S40.4fH19711 Sn47 $62,235.546 2,178 31-Dec-63 1-Jan-64 - 221% 450,413 S480 S216,00Sj72 �II i.( 19137 S41,208,989 136,916 5405 $63,480,257 2,178 31-Dec-64 1-1an-65 225% 450,413 $4R9 $220,325,6R3 , 381.k71 $139 S42,033,169 [56.916 S41., $64,749,862 2,179 31-Dce•65 I-Jan-66 230% 450,413 $499 $224,732,197 301.871 $142 $42.973,832 156,916 $421 $66.044,860 2,179 31•Dec•66 Han-67 234% 450,413 SSW $229226,841 301871 $145 S43,731,309 156,816 $430 $67365,757 2,178 31-Dec-67 Han-68 239% 450.413 $519 $233.811,378 301.871 $149 $44.605,935 156.916 S439 S68,713,072 2,179 31-Dec68 Wan-69 244% 450,413 $529 $238,487,605 301,871 $151 S4.5,498,054 156,816 $447 $70,087,333 2,178 31-Dee-69 1-J.4n-70 2491/. 450,413 $540 $243257,357 301,871 $154 $46,409,015 156.916 $456 $71499090 2.178 31-Dec-70 I•Jan-71 2541% ddj01413 W1 $248.122,5(4 301,871 $157 S47.336,175 156,816 $465 $72,918,862 2.178 31-Dce-71 I-Jan-72 2591% {1 162 S253,084,954 301,871 S160 $48,292,999 136,816 $474 S74.377,239 2,179 31-Dec-72 14 -71 264% 4sb.41. $573 $258,146.653 30t.871 S163 $49.248.556 156.916 $484 S75.864.784 2.179 31-Ike-73 Wan-74 2691Y. 450.413 $595 $263,309,597 301,871 S166 550,233,528 156,816 $493 S77,382,079 2,179 31-Dce-74 1-1an-75 275% 450.413 S596 $268.575779 301871 $170 $51.238,199 156.R16 $503 $78,929,721 2.1711. 31-Dcc-15 1-Jan-76 280% 450,413 $609 S273,947,294 301,871 S173 S52,262.%Z 156.816 $513 S80.508,315 2.179 31-Doc-76 Han-77 286% 450.413 $620 $279.426,240 301.871 S117 $53.308,221 136,816 $524 S82.118,482 2,179 31-Dec-77 1449 291% 450.413 $633 $295,014.765 301.971 $ISO S54374,386 156.916 $534 $93.760.951 2.179 Retail 13i Box) Retail P gnlinc� Value Per Nojeetd Value PeF Projected TuW Pmjectd F/ I+ 2sessed Value Sq FT' Sq Ft Assessed Value Assessed Value `/ '� $0 0 S27S s0 0 ERs $0 0 $281 Sn 0 t $0 0 $1A Yd o $88 $0 0 $222 $0 0 $90 so - 0 :I. it L;. b $92 $o 0 S3D4 SO o $94 SO 0 $310 SO 0 $96 So 0 $316 SO 0 S97 s0 0 $322 s0 0 $99 s0 0 $329 $0 0 SIDI s0 0 $335 S 1)qO S 1113 so 0 $343 0 slo5 Jl1 zi,1 r9 i,J 0 pU sb3 $0 0 $112 so 0 S370 So 0 $114 so U $379 so 0 $116 SO 0 $395 So 0 ..119 J�J JiI Jli)u IjU f1 S121 $0 0 S401 s0 0 S124 $o 0 S409 SD 0 S126 s0 0 $417 $0 0 $129 s0 I A25 $0 0 S131 $0 0 $434 s0 0 $134 s0 0 $442 s0 0 $136 S297,118 32,670 $451 $14,739,614 253,317,706 $139 S303,06D 32,670 S460 S15.034,407 258,384,060 $142 S309,121 32,670 $469 $13,335,095 263,551,741 S143 S315,304 32,670 $479 $15,641,797 266 122,776 $148 3321.610 32671) $489 $15954,633 274,199,231 $151 S328,042 32,670 $498 $16,273,725 279,633,216 S754 S334,603 32,670 $509 $16,599.200 285,2711 S157 $341,295 32,670 $518 $16,931,194 290,912,419 $I6o $349,121 32,670 $529 S17,269,807 296,802,066 $163 $355,083 32,670 $539 S17,615,204 302,739,107 $166 $362,185 32,6711 $55U S17,967,308 308,792,870 $170 S369,429 32,610 $561 SIR,326,S59 314,969,727 $173 Sl,s $376,817 1. ��P� 32.670 32,670 $572 $594 S18,693,395 $19,067,263 47 264,� du,f $180 $392.041 32.670 S595 $19.448.609 334.247,333 $194 1399,881 3Z670 S607 $19,937,580 340,932,279 SIR7 $407,979 32,670 $619 $20,234,332 347,750,925 $191 $416..037 32,670 $632 $20.639.019 354,705,944 $195 $424,357 32,670 $�4q $21,051,799 361,800,062 S199 $432,944 3, 670 // ''rr S21,472,835 369,036,064 $203 $441 501 32,670 $670 $21.902,292 376,416,795 $207 $450.331 32,670 $694 S22,340,337 113,945,121 $211 S459,338 32,670 $697 $22.787,1rI 391624,023 $215 S468,525 32,670 $711 S23,242, 9� 1IIIa�I� S219 S477.895 32.670 $726 $23.707,745 407,445.'631 $224 $487,453 32,670 $740 $24,181,900 415,594,546 $228 S497,202 32,670 S755 S24,665,538 423,906,437 S233 S507,146 32,670 $770 $2W, 158,1149 432,394,566 $238 5517.299 32,670 $795 $25,662 025 441 032,257 $242 $527,635 32.670 $901 S26, 173.266 449.852.902 Ino , , , -foamy ApprmimI District and Tmmnt Comm Appm=I District property 1 annvmlly. During connnx:tion. Iha nsw•mncd vino, rcprcmenty the ponionofthc bu r. ,,, 1' ;. r >f January 1. A.nnmcs no assessed value during con*vucoon 'Avarmrusl wNtiun factor of 2.0%. hhovided by the D-loper Reinvestment Zone Number Sixteen Fort Worth, Tears (Yeale Ranch) Exhibit C-i.24.2: Proiected Assessed Value - 2048 DevelODmenl - Tarrant County Residential Commercial Development 2.0% Multi -Family Industrial Retail (Pad/lnline) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Total Projected Ending & 01' Fa=r2 So F1' Sq Ft Assessed Value S. FF' S Ft Assessed Value sq Fr' sq Ft Assessed Valve Assessed Value 31-Dec-23 (-Jan-24 IOw. 0 $213 s0 0 ?62 SO 0 S275 SO 0 31-Dep24 14an-25 102% f1 $217 SO 0 $63 $0 0 S291 s0 0 31-Dee-25 t-Jan-26 104Yo 0 $226 s0 0 $64 $0 0 $296 s0 0 31-Dec-26 I-last-27 10611. 0 $230 $0 0 $66 $U 0 S292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 S67 $0 0 S299 s0 0 31-Dec-28 I-Jan-24 1101/. 0 $240 SD 0 $69 s0 0 SJO4 s0 0 31-Dec-29 I-Jan-30 113% 0 WAS SO 0 $7U S0 0 S310 SO U 31-Dec-30 1-Jan-31 115% 0 $249 SD 0 $71 $0 0 SWI SO 0 31-Deo-31 Ilan-32 117% 0 $254 $0 0 $72 s0 0 S322 so 0 31-Dec-32 I-Jan-33 120% 0 $260 $0 0 $74 so 0 S329 s0 0 31-Dac-33 I-Jan-34 122% 0 $265 $D 0 $75 $U 0 $133 $0 0 31-Dec-34 I-Jan-35 124% 0 $270 SD 0 $77 $0 0 $342 $0 0 31-Dec-35 I-Jan-36 127% 0 $275 SO 0 $78 SO 0 $349 $0 0 31-Dec-36 1-Jan-37 1291% 0 $291 SD 0 $RII SO 0 $356 $0 0 31-Dec-37 1-tan-38 1321/. 0 $287 SD 0 $82 $0 0 $363 $D 0 31-Dec-38 I-Jan-39 135% 0 $292 SO q $93 $0 0 $370 $i! 0 31-Dec-39 I-Jan-40 137% 0 MR $D 0 $85 $0 0 $378 SO 0 31-Dec-40 1-JM-41 140% D $304 SO 0 $97 $D D $395 SO 0 31-Dec-41 IJan-42 143% 0 $310 $0 0 988 $0 0 $393 $0 0 3I-D c 42 I-Jatt-43 146% 0 $316 SO 0 $90 $0 0 $401 s0 0 31-Dec-43 I-Jam-44 149% 0 $323 SD 0 $92 $0 0 909 $0 0 31-Dr.-44 1-Jan-45 152% D $329 SO U $94 S0 0 $417 $0 0 31-Dec-45 I-Jan-46 155-A 0 $336 so 0 S96 $0 0 $425 50 0 31-Dec46 I-Jan-47 158% U $342 s0 U S97 $0 0 $434 v1 O 314Dec-47 1-Jan48 161% 0 S149 $0 0 S99 £o 0 $442 SO 0 31-Dec-48 I-Jan-19 1641/. 3625M $356 $129, 195,347 245,243 SIN $24,875,083 32,670 $451 $14,739,614 169,107,i63 31-Dec-49 14an-50 167% 362,573 S363 $131.775,254 245,243 5103 125,312,5R5 32.670 $460 $15.034,407 172,489,306 31-Dec-50 1-Jan-51 171% 362,573 $371 $134,414,839 245,243 $106 ",880,037 32,670 $469 515,335-(775 175,939,092 3l-Dec-51. I4an•52 174% 362,573 $378 $137,103.136 245243 $108 $26.397,637 32,670 $479 $15,641.797 179,457,874 31-Dec-52 1-Jan-53 1781/1 362,573 $396 $139,945,199 245,243 SITU $26 925,590 32,670 MR $15,954,633 183,047i131 31-Dec-53 Wan-54 181N 362,573 $393 $142 642, 103 245,243 S112 $27,464,102 32;670 $498 $16,273,725 196.707,972 31-Dec-54 I-3an-55 185% 362,573 $401 $145494.945 245.243 S114 $28,013.384 32,G70 $509 $16,599,200 190,442.131 31-Dec-55 I-Jan-56 189% 362,573 $409 $148,404,844 245,243 S117 $28,573,652 32,670 $518 S16,931,184 194,250,974 31-Dec-56 1-1a 57 192% 362,573 $417 $151.372,941 245.243 S119 529,145, 125 32,670 $529 S17,169,807 198.135.994 31-Dec-57 1-Jan-59 196% 362,573 $426 $154,40(1,399 245,243 $121 $29,728,1)27 32,670 $539 517,615,204 202,098,713 31-DecS1i 1-3an-59 2001/. 362.573 $434 $157.488,407 245,243 S124 $30,322,589 32,67U S550 517,967,509 206.140.688 31-Dec-59 Wan-60 204% 362,573 $443 $160,638,476 245,243 S126 $30,9129,039 32,670 S561 518,326,858 210,263,501 31-Dec-60 1-Jan{,1 209% 362.573 $452 $163.850,939 245.243 $129 S31,547,620 32,670 $572 518,693 395 214,468,771 31-Dec-61 1Jan-62 212% 362,573 $461 $167,1279158 245,243 $131 S32,I78,573 32,670 $584 $19,O67,Z63 213,758,147 31-Dec-62 I-Jan-63 216% 362,573 S470 $170470,517 245,243 $134 $32.822, 144 32,670 $595 $19.448,609 223,133.310 31-Dec-63 I-Jan•64 221% 362,573 $486 $173,879,927 245,243 $137 $33,478,597 32,670 M7 $19,937,380 227,595,976 31-Dec-64 I-Jan-O 225% 362,573 $499 $177.357 526 741,243 sl39 $34,14R.159 32.670 $6l9 $20.234,332 232. 147.996 31-13 o-65 1-JM-66 23^ 362,573 $4V) $180,904,676 245,243 S142 S34,831,122 32,670 S632 $2Q639,019 236,790,853 31-Dec-66 I-Jan-67 234% 362,573 $509 $194.522,770 245243 $145 $35,527,744 32.670 $644 $21.051,799 241,526671 31-Dee-67 1-Jm-68 239% 362,573 $511) $188,213,225 245,243 $148 $36,238,291) 32.670 $657 $21,472.835 246,357,204 31-Dec-69 I-Jan-69 244% 361,573 $529 $191,977,490 245,243 SISI S36.%G ,065 32,670 $670 $21,902,292 251,284.348 31-Dee-69 1-3an-70 2491h 362,573 . $540 S195,8.17,040 245,241 $154 S37;7ry2,326 -32,670 $694 S22,34D,337 256,310,035 3I-Dec-70 1-Jan-71 254% 362,573 $551 $199,733,380 245,143 $157 S38,456,373 32,670 S697 $22.797,144 261,436,236 31-Dec-71 1-Jan-72 259% 3(52573 $562 $203,728,048 245,243 S160 $39,225,500 32,670 $711 $23,242,887 266,664,960 31-Dec-72 1-Jan-73 264% 162,571 $573 $207.802,609 245,243 $163 $46,010,010 323670 $726 $23,707,745 271998,260 3i-Dec-73 I-Jan-74 2691l0 36Z,573 $595 $211,958,661 245,243 $166 $40,810,211 32,670 $740 $24,181,9DO 277,438,225 3l-Dec-74 I-Jan-75 275% 362,573 $59C, $216.197,834 245,243 $170 $41,6263415 32,670 $755 S24,665,538 282,996,999 31-Dec-75 1-Jan-76 290% 36Z,573 $608 $220,52t,791 245243 $)73 $42,458.943 32,67(1 $770 $21.1.58,849 289,646,729 31-)ec-76 1-Jan-77 286% 3623573 $620 $224,932227 245,243 $177 S43,308,122 32,670 $785 $25,662,025 294,41%664 3i-Dcw77 1-Jan-78 291% 162,573 $633 $229.430,871 245,243 $180 $44.174.285 32,670 3801 $26.175,266 3CK)308.057 .NrmiC ay, lmr, �ACeurdiug to the TanBM (:uvrtl Appsassal nievut propesty uaeacesud as of lanuary 3 annonll7. During rntvitruclion. 6se asacaxd value represcn[a Ds portion of [he btiilding completed as o[ lantury 1_ hrslmes no assessed value dusmg conslsuebon. 'A$Pama$ M YMaYI srsneli0n (®clot o(2.0% 'N-dcd by the 13-1opas_ Reinvestment Zone Number Sixteen Fort North, Texas (Peale Ranch) Exhibit C-1.25.1: Proiected Assessed Value - 2049 Develoomentl - Summary Residential Commercial Development 2.0% Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Of Facto? Sq Fe So Ft Assessed Value S Fe Sq Ft Assessed Value Assessed Value _31-_Dec-23 1-Tan-24 ]00% 0 $213 $0 _62 -$0 $0 _ 0 I 31-Dec-24 1-Jan-25 102%- 0 $2i7 0' 1-Jan-26 104%-F_� -106% 0 _ _. _ _$226- _ _Y ._ a t.$O.., _ .- _,_�_e :�$64 _ _ - $0' �$0 - 0 w 31-Dec-26 _ I-Jan-27 _- - •_ 0 $230- $0 0" $66 O tt 31-Dec-27 � " t... �-.,_. 1-Jan-28 - W$68 31-Dec-28 1-Jan-294 110% 0 $240 $0 0 $0 0 _ .. - $0- - - ----0 _ �$70, .__. _... -"$O -0 + 31-Dec-30� I-Jan-31- 115% 0 $249 D $71 $0 Oa _ {- _ __ - _$0_ _ - - _ - _ Y _ _ - 31-Dec-32 -l-Jan-33 120% OT _-$260 $0 0 $74 $Q 0 _ f $265 _ _ �0 _ ~ T 31-D-ea34 TM 1-Jan-35 124%° 0 $270 $0 S77 $0 0 4 ---,. -.-._� _....ew_w--„--_.._--w_,n«.--r_- 31-Dec-35 1-Jan-36 127/° 0 $275 _ ._�_... $0 _w_......_w..._,__- _-...,.. r.«rr_ 0 $78 _ -- -$0 _ -� 31-Dec-36 I-Jan-37 129% 0 $281 $0 0 $80 $0 0 31=De_o-37' 1-_Jan_-38 132% 0 $287 �� ' `$D ' 0 $82 $0' 0 { 31-Dec-38xz I-Jan-39.w135%°r 0« $292 $0 0 $83� $00_ Q_$0 _ Y <_"-85 �.. $Q • V Q - 1-Ian-41 140% 0 $304 .._ .,. _ w $0 ... M 0 $87 ., $0` .."..___.. �0 _31-Dec-40 1�IJeo-4L�m�1-fan-42 L_3$0 _ _ ����143%_ .r-.. 0 _ .^�$3I0......_..,.,. µ_ r Y j 31-Dec-42 1-1an-43 146% 0 $316 $0 0 $90_ $0 0 c . �31 Dea43_ __1-Jan 4 149% _. _.._ ~ - _ _ _ _ _ _ _ �323 _ _ e_.= fl -- - •_0 _ _ - $92 $4 _ .a T$3329 �$0 ' 31-Dec-44 I-Jan-45 152% 0 $0 0 0� _ w _ _ _ �0 _$9_4 �$47 - $0 _ _0__ 31-Dec-46 1-Jan-47 158%� 0 $342 $0.- $0 31-IJe 47� �_ 1-Jan 4B �_r� 161% 0 �_ ,. _ __ $349 _ _ _ _ _ _�T -w _ _ _ - _ 31-Dec-48 1-1an-49 164% 0 $356 $0-_ OM $101 $0 0Y __.,. m -..._ _M,.. ; . _...._, _.,,, �.._,____ t 31=Dec-49 • 1-Jan-50 167°/4 ' ' SQ,413 $363 ...... 5228 301,g_ 71 e .$103_V-m.._.. _ .._ 231 264 31-Dec-50 I-Jan-51� 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,899� 198,835,221 31 Deo-51 _, - V_y _ _. !-lan-52 _._ _ 174% �.,_ --_7:-Y._�a._~_. 450g13 __._ $378, . _. �,. _ ,_ ___._" '-_. , .w.,_._._-.._.__.._ $170.318,919 ,__,__301,871 . •_ �"__ _w...__..-..-..---__-_------- ' ".$10_8 a - $32,443,007 ' -_ _ _ ` 202,811,926 i 31-Deo-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 206,868,164 _ 450;413---_-$393" _�, 5177,199,803 �- -- �$180,743,800 301871-'_�•---_$112µ '���$33,805,72A - _ -2_11,005,528 _� E 31-Deo-54 I -Jan -!FT 185% , 0,413 $401 301,871 $114 $34,491,838 215,225,638 1 31-Deo-5'S c S-Jan-56s. 8% ��450,4i3' $409 - $184,15_8,676_�_^ 301,871$117< T $35,,171,475 �_$35,874,905� 219,530,151 �223,920,754 31-Dec-56 I-Jan-57 T-Is 1920/6� 450,413 5417 S188,045,849 301,871 S119 _ 31-Dec-57 v _1-Jan-58 _� I96?/o- 450,413- -450,413 _ _ $426 $191,806;766 _-T301,871 � $121 _ _ 536,592,403 " _- 228,39_9,169 31-Dec-58i J l-an-59 200%0 $434- $195,642,901 301,871�S124 $37.324,251 22,967,152 3De1-c-S9' l-lari-60 -'� 204% t 450,413 $443 -$199 555 759 - 301 87i '` M $126 $38,070,736 a 23_7 62_6 4_95 T 1 31-Dec-60 I-Jan-61� 208%� 450,413� T$452 $203,546,875 Y301,871 $129 Y $38,832,151 242,379,025 3 Dec-61 : r ` 1 Jan-62 j 450413- �W'$461 •m $ZQ7,617;812.. � 301,$71r. ' $131 $39;608,794 " 247.226.606 W 31-Dec-62� 1-Jan-63 .212/° -e 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970~^ __ L 3[_Uec-63' Y1-Jan-64 w 221% _� 450,413 _ _$480 W $216U0_5,572 rv_ 301,8_71 �301,871 _u�252,171,138ry _ ^ $137 W _ $41,208,9_89 ,� 257,214;561_A �262,358,852 3I-Dec-64� 1-Jan-65 225% 450,413 $489 $220,325,683 $69� _31-Der-65 1-Tan-68 - 230% 450.413 M- _' $499 7 �� S224 732'.- 7 _301,871 _-$42,033,169 : 142 F , -� $42 873,832-----267,606,a29 -543,731,3{19 31-Dec 66 1-Jan-67 234% 45D,413 $509 $229 226,841 301,871 $145 272,958,149 31-DDe b7 _ 1-Jaa 68_, 239%- -� 450,413 _~_ J 19 __-- . 2311,37 ,814__ '_ 301,87�, ^ -S148 .�^,6D5,gK ___�278,417,312 $44 31-Deo-68 1-Jan-69 244% 450,413 $529 $238,487,605 301.ffi $151 $45,498,054 283,985,659 31-Dec69Y _1-Jan-90 ._ 249?/0 _ 45Q;413 _ $540 y 5243,257,357_ 301,871 $154 _ _ $46,408,015 mm-289,665,372 3 - �$47,336,175� w295,458,679 31-Dec-70 1-Jan-71M 254% 450,413 $551 $248,122,504- 301,871 $157M i� 31-17eq 71�,, ; A I-Jan-72 2591/6 4501413 $562, $253;084,954$48,282,898301,367,853 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,196,653 301,871 $163 $49,248,556 307,395,210 3_1-Dec-73 1=Ian74"� 'r269%' . - 450,413 '� - _$_585 µ a450,413 w - _$2b3;309 587 301,671 -f$l6b $50,233,528 ry 313,543,114' rt 31-Dec-74 1-Jan-75- 275% $596^ $268,575,778 301,871 $170 319,813,976 1 ' 31-Dec_75 1_Jan-76 ---�280%_-' '45_0,413 �$608 y _ $273,947,294_ -1,- 71 ,-$173 _$51,238,198 $52 6- -2 -�'_ _ 31-Dec-76 1-Jan-77 286% 450,413 $620 - $279,426,240 �301,871 _ $177_ $_53,308,221 332,734,461 - - - _-- R- _ 31-Deo-77 1-Jan-78 29_1% 45,'413_ �297% A ---__ $633 _� _$285.014.765�« 301,871 _$ISO y _ $54,374,386=- 339,389,150 _ -346,176,933 31-Dec-78 1-Jan-79 450,4113 $645 $290,715,060 _ 301,871 $184 $55,461,873 Municap, Inc. According to the Parker County Appraisal District and Tarrant Count Appraisal District property is assessed as of January 1 annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. Assumes an annual inflation factor of 2.0'/n. Vrovided by the Developer. Reinvestment Zone Number Sixteen Fort Worth, Texas (Vaale Ranch) Exhibit C-1.26.2: Proiected Assessed Value - 2050 I)CM013mentl - Tarrant Count R�5) Ptial �:omrpgclpl Development 2.0°/. �vlulti-��mily ind>SClit� Year Assessed Inflation Value her Projected Value er Projected Total Projected Ending �'s or Factor Sq kt' �p Ff NrS sed VVP SC�F3 Sq Ft Assessed Value Assessed Value 31-Dee-23 1-fan-�)1 IUI�Y. U 01i i} Jot SO 0 31-Dec-24 l-Jan-25 102% 0 $217 $0 0 S63 $0 0 31-Dec-25 I-Jan-26 104%. 0 $226 $0 0 $64 $0 0 31-Dec-26 t-Jan-27 106% 0 $230 $0 0 S66 $0 0 31-Dec-27 -jaYt-sb 1090/. 0 $235 $0 0 $67 iU 0 31-Dec-28 l-Jan-29 110% 0 $240 $0 0 $68 So 0 31-Dec-29 I-Jan-30 113%. 0 $245 $0 0 $70 $0 0 31-Dec-30 l-Jan-31 115% 0 $249 $o 0 $71 $0 0 31-Dec-31 117°/. 0 $254 so 0 div $Q 0 31-Dec-32 1-jan-33 1200/6 0 $260 $0 0 $74 $0 0 31-Dec-33 Watt-34 122% 0 .4,265 $0 0 $75 a0 0 31-Dec-34 l-Jan-35 124% 0 $270 $0 0 $77 0 31-Dec-35 1-Jan-36 127% 0 0 ;S'i8 r 0 31-Dec-36 l-Jan-37 129% 0 S281 $0 0 S80 $0 0 3t-becs31 wan -A fht/a 0 1281 .0 4 .oJ lu 31-Dee-38 l-Jan-39 135% 0 $292 0 $83 $o 0 31-Dec-h l-Jan-40 137% 0 $299 3U 6 $85 cif 0 31-�ec-40 �- an-4l �at7j�� 40°/o 0 S304 SQ 0 S87 $0 0 ndl�tiwl l �l Ys 0 ao t o av 8 $88 $Q 0 31-Dec-42 l-Jan43 146% 0 S316 $0 0 $90 $0 0 31-JA„ 0 1- , 1 149°/. 0 �f2J �U $92 $0 0 31-Dec-44 l- V5 152% 0 329 $0 i $94 Sf1 0 31-Dec-45 1-J 46 155a/. 0 1% �U ti $96 SO it 31-Dec-46 l-Jan-47 158% 0 $342 $0 0 S97 $0 0 3crla:u--,r� 1-Jan-48 l..Iti/o 0 3,349 $0 0 $99 A) u 31-Dec-48 l-Jap-49 164% 0 $356 $0 0 $101 $0 0 31-Dec-49 1-Jaxt- 0 Io7°/a 0 $363 Ji0 it :kM u V 3l-Dec-50 I-Jan-51 171% 362,573 $371 $134,414,839 245,243 $106 $25,880,037 160,294,876 31-Dec-51 1-Jan-52 11V16 JWIIJO� .. $137,103,136 245,243 $108 $26,397,637 163,500,773 31-Dec- t 1-14n-53 178% 362,573 $396 5139,845,199 245,243 $110 $26,925,590 1667770,789 31-J�c-h f-,)an-54 1h% 362,573 SM �(42,642,103 245,243 S112 $27,464,16) 170,106,205 3l-Dec-54 I-Jan-55 185% 362,573 S401 S145.494,945 245,243 SIN S28,013 384 173 31-Dec-55 1-Ian-56 1 g8a/e .,J I -) $4; ;t at! X 4,?6 , 14.,�3 S I t 7 $28,573,611 �08,329 11 78,495 3l-Dec-56 I-Jan-57 192% 362,573 S417 S151,372;941 245„243 S119 $29,145,125 180,518,065 31-CA4 '.') ,-AlIlk . (�%. 362,5'13 $426 A°4'4W"99 4Fi2Z $29,728,027 194,128,427 31-Dec-58 I-Jan-59 200/. 362,573 $434 $157,488,407 245,243 $124 $30,322,588 187,810,995 31-Dec-59 1-Jan-60 204% 362,573 S443 $160,638,176 24%243 $126 $30,929,039 191,567,215 31-Dec-60 1-Jan-61 20 °/ 362,573 S452 $163,850,939 245,243 $129 $31,547,620 195.398,559 3l-Dec-61 I-Jan-62 21 )0 362,573 $461 IW),127,958 245,243 $131 $32,178,573 1 ,rii ,30 31-Dec-62 1-Jan-63 216% 362,573 S470 $170,170,517 245,243 51. $32,822,144 203,292,661 31-Dec-63 1-Jan-64 221% 362,573 1'1 .1"i 245,243 $1J� 63,,479,587 207,358,514 31-Dec-64 I-Jan-65 225% 362,573 S489 $177,357,526 245,243 S139 $34,148,159 211,505,685 31-Dec-65 I Jan-66 230% 362,573 $499 $180,904,676 245,243 $142 $34,831,122 215,735,798 31-Dec-66 I-Jan-67 23 % 362,573 $509 184 �22�770 245,243 5145 $35,527,744 220,050 514 31-Dec-67 I-Jan-68 'I'�9% 362,573 $5f 881 ,225 245,243 $148 M,238,299 214%625 31-Dec-68 1-Jan-69 244% 362,573 $529 3191 977,490 245,243 $151 $36,963,065 228,940,555 31-Dec-69 I-Jan-76 Alp/n 362,573 $540 $195,817,040 245,243 $154 $37,702,326 233,519,366 31-Dec-70 I-Jan-71 254% 362,572 S551 $199,733,380 245,243 S157 $38,456,373 238,199,753 31-Dec-71 I-Jan-72 259% 362.573 S562 $203,728,048 245,243 $160 $39,225,500 242,953,549 31-Dec-72 €-Jan-73 264% 362,573 1573 $207,802,609 245,243 $163 $40,010,010 247,812,619 11Lc -'13 I-Jan-74 2690A 362,573 $586 SA 1,958,661 245,243 $166 $40,810,211 252,768,872 31-Dec-74 l-Jan-75 275% 362,573 $596 $216,197,834 245,243 $170 S41,626,415 257,924,249 31-Dec-75 Oa&- 6 280% 362,573 $608 $220,521,791 245,243 $173 S42,458,943 262,990,734 31-Dec-76 l-Jan-77 296% 362,573 $620 $224,932,227 245,243 $177 S43,308,122 268,240,349 31-Dec-77 1-Jan-78 241§,. ,,,J� $633 $229,430,811 245,243 S180 $44,174,285 273,605,156 3l-Dec-78 I ;p-79 2970/. 362,573 S645 $234,019,489 245,243 $184 $45,057,770 279077,259 31-Dec-11 t-1�8-SO Jw% 302,573 S658 $238,699,879 245,243 $187 S45,958,926 294,658,804 MaruC-ap. Inc. f According to the Tennant Count Appraisal District property is assessed as of January 1 annually. Dunng construction, the assesses ... ., the portion of the building completed as of January I Assumes no assessed value during constnution 2Assuo s an annual inflation factor of2,0%. [Provided by the Developer Reinvestment Zone Number Sixteen Fort Worth, Texas (Velue Ranch) Exhibit C-1.27,1: Proiected Assessed Value - 2051 Develonmenl' - Summary Development 2.0% - - - � '.-Fq ily 1it Year Assessed Inflation Value Per Projected Value Yer Projected Total Projected Ending As Of` Sq Ft' SA C_ ,1*0 ���Zl ��p �� �t �j del g yp)ki Asy�ssqd Vallp 31-Dee-23 1-Jan-24 1000/a 0 $ 2 } 31-Dec-24 I-Jan-25 102% 0 S217 SO 0 $63 $0 4 1\ t,dklllj 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 3l-Dec-26 I-Jan-27 106% 0 $230 SO 0 S06 $0 0 -4L-t)ec-D 1-Jan-28 108ah 0 $2S5 $0 0 $67 $0 0 3l-Dec-28 I-Jan-29 ll0% 0 $240 SO 0 $68 $0 0 31-Dec-29 I-Jan-30 113% 0 $245 SO 0 $70 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 SO 0 $71 $0 0 3l-Dec-31 1-Jan-32 1170/0 0 $254 $0 0 $72 $0 0 31-Dec-32 l-{{ 33 120% 0 S260 $0 0 $74 $0 0 31-Dec-33 1 a,)4 iilj)o 0 $265 $0 0 $75 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 31-A-. aO 1-Jan-sti 12?4 0 $275 $0 u k7d bU 0 31-Dec-36 I-Jan-37 129% 0 S281 SO 0 $80 $0 0 31-bec-3) i-Jan-38 132% 0 $287 $0 0 $d1 $0 0 31-Dec-38 I-Jan-39 135% 0 S292 0 $83 $0 0 31-Dec-39 I-Jan-40 I 0 $298 0 $85 $0 0 31-Dec-40 I-Jan-41 140% 0 $304 $Q 0 $87 $0 0 31-Dec-4I I-Jan-42 143% 0 k lid $v 0 1. $0 0 31-Dec42 i-Jan-43 146% 0 $316 $0 0 $90 SO 0 31-Dec-43 I-,tan-44 0 ijij $0 0 W2 $0 0 31-Dec44 I-Jan-45 1520/0 0 $329 $0 0 S94 $0 0 31-Dec45 Wan-46 155% 0 s:.sb $0 0 $96 $0 0 31-Dec-46 I-Jan-47 158% 0 $342 $0 0 S97 s0 0 31-Dec-07 1-jail dj3 161v% 0 $349 $0 ii S99 $0 0 31-13ec-48 l-Jan-49 164% 0 S356 $0 0 slot $0 0 31-Dec49 ,- dii-.i0 ,1:, ,'o- 0 A-'-w aw 0 aLQJ 'air 0 31-Dec-50 I-Jan-51 171% 0 $371 $0 0 $106 $0 0 31-Dcc-51 1-Jan-52 1'1 % 450,413 $379 $170,318,919 56,628 51618 $5,095,369 176,b4l,288 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 56,628 $110 $6,217,277 179,942,574 lSt:t-» -Jarh4 161A% 450,413 $393 $177,199,803 56,628 S112 $6,341,622 193,541,426 31-Dec-54 I-Jan-55 185% 450,413 S401 $180,743,800 56,628 $114 $6468,455 187,212,254 31-Dec-55 1-Jan-56 188% 450,413 S409 ao4,,3e.io 56,629 $117 $6,597,924 190,956,499 31-Dec-56 I-Jan-57 192% 450,413 $417 $188,045,849 56,628 $119 S6,729,780 194,775,629 31-Dec-57 1-.1A-96 196% 450,413 S426 $191,806,766 56,628 illi $6,864,376 198,671,142 31-Dec-58 I-Jan-59 200% 450,413 S434 $195.642901 56,028 $124 $7,001,663 202,644,565 L4A 450,413 y�13 �i•'l J, •i .,:_� 56p2u $126 $7,141,696 206,697,456 31-Dec-60 1-Jan-61 208% 410,413 $452 $203 546,875 56,628 $129 $7,294,530 210,831,405 31-Dec-61 IJan-62 212% 450,413 $461 $2W'/60'w0 56,628 $131 $7,430,221 215,048.033 31-Dec-62 I-,fan-63 216% 450,413 $470 $211,770,168 56,628 $134 $7,578,825 219,348,994 31-Dee-63 I-Jd1t�4 221% 450,413 $490 $216,005,572 Ato $137 $7,730,402 223,735.974 31-Dec-64 1-Jan-65 225% 450.413 $489 S220,325,683 56,628 S139 $7,885 010 228,210,693 - � :C<tj ,•, 230°/a 450,413 $499 $224,732,197 56,628 $142 $8,042,710 232,774,907 31-Dec-66 I-Jan-67 234% 450,413 509 $229,226 841 56,629 $145 $8�/�7Q3,564 237,430,405 31-Dtxr67 I -Jan -fig 239% 450,413 O $231,i111,.�7$ 56,628 S148 $`8,367,636 242,179,013 31-Dec-(18 I-Jan-69 244% 450,413 $529 $238,497,605 561628 $!51 $87534,988 247,022,593 31-(�-A I-Jan-70 249% 430,4i3 $540 $243,257,5S) >>0.62), S154 $8,1 5,688 251,963,045 31-Dec-70 I-Jan-71 254% 450,413 $551 $248,122,504 56,628 S157 $8,879,802 257,002,306 31-Dec-71 Wan-72 2591% 450,4fJ X.,62 $253,084,954 56,628 SI60 $9,057,398 262,142,352 31-Dec-72 l-Jan-73 264% 450,413 S573 $258,146,�j, 4 56,628 $163 $9,238, 46 7 85 E`� 31-Dec-73 Wan-74 260. 450,413 $585 $263,309,!' A-628 $166 .t\\;'y` % l 11����.11I1\J1 31-Dec-74 I-Jan-75 275% 450,413 $596 $268,575 778 56 8 $170 $9,611,783 278,187,561 31-Dec-75 -1:01 ;': 280% 450,41� 46Y6 $273,94i�\`v i�lY29 $173 $9,804,01v 2ts3,751,313 31-Dee-76 I-Jan-77 286% 450,413 S620 S279,426,240 56,628 S177 $10,000,099 289,426,339 31-Dec-77 1-Jan-78 291% 450,413 $633 $285,014,i)65 56628 $180 $10,200,101 295,214,866 31-Dec-78 I-Jan-79 297% 450,413 $645 $290,715,060 56,628 $194 $10,404,103 301,119,163 31-Dec-79 I-Jan-80 303% 450,413 $658 $296,529,361 56,629 $187 $10,612,185 307,141,546 31-Dec-80 1-Jan-81 309% 450,413 $672 $302,459,948 56,628 S191 $10,824429 313,284,377 MuniCap, Inc. I Amirding to the Parker County Appraisal District and Tarrant Count Appraisal District property is assessed as of 3anuary 1 annually. During construction, , t .• v, �� represents the ponion ofthe building completed as of January 1. Assumes no assessed value during construction -As . .. I inflation facia of 2.M Provided by the Developer. Reinvestment Zone Number Sixteen Fort Worth, Texas (YealeRauch) Exhibit C-1.27.2: Proiected Assessed Value - 2051 DeveloDmen? - Tarrant Countv Residential Development 2.0% Multi -Family Year Assessed Inflation Value Per Projected Total Projected Endin As Oft Facto? S Fts %•''•a S Ft Assessed Value Assessed Value u 31-De_o-_33 1-Jan_=24.r °, ° ,100% --.. __0,_ _. _ $2 3 .. -'$217 $0 ___.- _-. '0 i 31-Dec-24.,....._ 1-Ian-25 L02% iw--_ 0 i 31 ;Dec-25 _-I-Jan-26 _e 104% •_- --_0_ - _$226 T _.� - D-�. _..__ �.. 0 J 31-Deo-2b 1-Jan-27 106%_ 0 $230 so�0 •�_.108%_ -- - 0 Y. ,A - _ $235 _. — $D .. _-.._.. - - __ _.... 0 ...._ 31-Dec-28 1-Jan-29 I !0%° 0 S240 $0 0 r'31-Dea29 '-1-Jan 30 e. _ 113% D , $245 _ _ _ _ �_._. _$D 0 ,J 31-pec-30 1-Jan-31 I [ 5% 0 $249 $0 0 1-Jan-32$254 -- m . 31-Deo-3y2 1-Ian-33 4 120%_ 0 $2(;0 $0 0 31vDeo-33 1-dan34 _ _ I22% _-- _ 0-T ��„ 5265_ 31-Dec-34 - _ �129% 31-Dec-36 1-Jan-37 0_ $281 $0- 0 4 �31Dec-37_1-Jan _ 38 _T y _ '132°/g _ n-. 0 �0 _ _ _ 31-Dec-38 1-Jan-39 135%° $29_2TM $0 0� - -1-Jan �140% _ J_0 ry' 31-Dec 40 1-Jan-41 0- $304 $0 _..146% 31-Dec-42.—_- 14_an43 t �3'1-D_ec 43 __..._.I-Jan-44_' _ 14_9%' + - 0_v - w ' $323' �$329 tOr �so - 31-Dec-44 Wan-45 152%ry 0 0 „__�.___... 31-Dea-45_ __.—....__'_ 1-Jan-46 _,_.___--._V__.__.-.._..__ 155% _ 0'_$336� W 31-Dec 46 1-Jan:W_ 758%_ 0� $342 $0 0 - - 31-Dec-48 1-Jan 49 164% 0 $356 $0 0 :• "31-Dec 49 1-Jan 50 _, 167% _„ 0 wNT $363 _i37I 31-Dec-50 i-Jan -51 k 71 0 0 $0 0 31-Dec-51 l-Jan 52 -Wan-53 Y µ 174% �Y� 362,573 — µ362,573 - $378137,103,136' _ _ --t 31-Dec-52 178% $386 $139,945,199 139,845,199 -- 31-Dec-53 1-Jan 54w -181%-' 362,573 - ~_ 5393' _5401-_$14S,494,945f _ $142,642.103 W142,64 iO3 3 ' 31-Dec-54 I-Jan-55 185%^_ 362,573 145,494,945 ^ _ 31-Dec-56 1-Jan-57 192% 362,573ry $417 $151,372,941 151,372,941- 31�Dec-57 µ 1_-Jan-58 �1-Jan-59 - ]966K T_ 362,573 . $426 :::,_�$154,400,399 �^ 154,40D,399 �a 31-Dec-58� 200% 362,573 $434 $157,488,407 157,488,407 _ $lb_O,b38,176 161) tiI76_ 31-Dec l-Jan-61 208% - 362,573 $452 �$163,850,939 T�-163,850,939 31-Decal �µ 1-Jan 62 _ 212%ae� 362 573 - S461 �$470Y 167,127,958 x _ 167.127.958 31-Dec-62 1-Jan-63 216% 362,573� $170,470,517 1�70,470,517 31=Deo-63 __ 1-Jan-64 -1-Jan-65 - 2_21% _ �_362,573' ��� L $480 _ $I73,879,927- T �$177,357,526 - y 173;_% 27 31-Dec-64 225% 362,573 $489� 177,357,526 r W31=1JeC 65� rv'1=Jail-6b ' ^ 230%W 362S73. �w "$49'9 $180,904',676'-' l$Q;904,67fi�� 31-Dec-66 1-Jan-67 234%ry 362,573 $509 $184,522,770 184,522,770 3I-I]eo 67,_ 1-Ian�G8' - �239%y-62;573 r $519�_ $188,213,225 w�A ^ 188,213,225 31-Deo-G8 Waa-69� 244%� 362,573 $529 $191,977,490 191,977,490 3I-Deo-69'p_ _ ]-Jan 70� 249m% _ __362,573 _ r_ 5540^ _ $195',817,040_ T195- 7. 0 f 31-Dec-70 Wan-71 254% 362,573 $551 $199,733,380_ 199,733,380 € 31-Dec 71 _ 1-Jan-,72 _ _259%° 362,_573 „- �362,573 _ _$56Z „-_ $ 203,726,048 _W� 20304 ,728,8,E -207,801,609 31-Dec-72� 1-Jan-73 2644% $573~ $207,802,609 31-Dec-73 1-Jan 74 269% 362;573� �w $211,958,661r_. c 31-Dec-74� _ -. p1-Jan-75 , ., -$585,�„q 275% 362,573 $596 ,,_ $216,197,834 w.�211,958,661 216,197,834 �_ _ y 362,573 w ' $608 ' $220,521,791 +220.52I.791µ -- 31-Dec-76 1-Jan-77 28fi%�_ 362,573� $b20� $224,932,227 224,932,227 _ 31-DeCv77 T__1-1an-78-291"/° _ T _ 362,573R•µ �362,573 �$G33�M$229,430,87I" _ 229,430871__I 31-Dec-76 1-Jan-79 297% $645 S234,019,489 234,019,489 31-D_e_o-_79 1-Jan-84 _ k_ _. M 3D3°/u ,, r 362,573 �362,573 _ Y S658 _ 3238,699,879 238,699,879 1 _243,473,876� 31-Dec-80` I-Jan-81 309%0 $672 $243,473,876 tAccording to the Tarrant Count Appraisal District property is assessed as of January 1 annually. Dutiag construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. 'Assumes an annual inflation factor of2A% 'Provided by the Developer. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.11! Projected Assessed Value - All land Uses - Develol meat Years 2025-2029 - Summary Development 2.0% Total Projected Year Assessed Inflation 2025 Development 2026 Development 2027 Development 2028 Development 2029 Development Assessed Value Ending As Oe Factor' Projected Assessed Value' Projected Assessed Value Projected Assessed Values Projected Assessed Values Projected Assessed Value' At Buildout j l-Dec-23 1-Jan-224___ 1000% $0 -, _ S0 __ _ M __ $D ._ �-. ..� $0 __-- $0 .---_-'--.� ^ _ $0 ----' 31-Dec-24 I-Jan-25 102% SD SO $0 $0� $4 i_ 31-Dec-25l-Jari,25 4"$D _ -�$206,357,509 _ _$0 $0 W_ _ _ ._. Sb. ^- _ -?164,4_4_L,640_ m� 5- 1-Jan-27 106% $167,730,473 $0 $0� $0 $374,087,981 1-Deo-27 I-Jan-26 108% $171,085,082 X 5210,484b58 $351605784 $4 �$0 _5733,I75;525 an-29 110% $174,506,764 $214,694,351 $358,637,900 $403,337,769 $0 $1,151176,804 1-lan-30 113%' 988,238 2, 6 0.1 5 _77 81_,55 ,856 .,.„.,_,.._.>v..-.._._ $22,36,003 $373,126,71 ,, 3,84,978 $1,660,869,325 -.,_.,..,_. ........ ..,._,.,_._,_-." 7,83536 $858409 , 428,025,67'22 77 ._..... w;,06,71 31-Dec-32 Wan-33 120% $188,891,755 $232,392,070 $388,201,197 $436,595,773 $481,897,651 $1,727,968,445 31-`De;- 3 _ _ 1-Jan-34 _ 122%_ -- _$192,66_9,590 av $237,0_39,912_ v $39_5,9_65,22] „- - �v -` $445,317,468 $491,53_5,60_4 $1,762,527,814 31 Deo-34 1-Jari-3S 124% S196,522,982~ $241,780,710 $403,884,525 S454,223_,838 - $501,366,316 - $1,797,778,371 _3i Deo-35 _ � 1-JJan-36 u 1_2_7%' J129% _ S200,453,442 _,ry.�. ; -S204,462,510 r_ S246,616,324 r -T$251,548,650- _ _ ` $411,962,2i6 �S420,201,460 5463,308,315 � _ _5511,393,642 T �_Si,833,7_3_3,938_ T- 31-Dec-36 1-Jan-37 $472,574,491 $521.621,515 $1.970,408,617 3IZD.37 ,l-Jmr38 132% S208,551,761 -w ;� S256,579,623 _ K w $428,605,469 w-A $482,025,971 _ $532,053,945 - _ �'$1907,816.789 31 Dec-38 !-Jan-39 135% $212 722 796 $261 711,216 $437,177 599 $491 66fi 490 $542,695,024 $1,945,973,125 31�Dec-39 ,; !-Jan40 - 1370/4 _ 5216,977,252 ._ $266945,440- $445,921,ISE $501,499,820 _. $553,548,925 ._ $1,984,892,587 31-Dec�LO 1-Jan-41 140% $221,316,797 $272,294,349 $454,839,574 $511,529,816 $564,619.903 $2,024,590,439 `sec-4142 - ] q","" $225,743,133 $277 730 036"$963 936 3G5-- _ $S21760 41_3 - $575 912 301 $2 065 082 24_8 ,. ..._J.:r. 31-Dec-42 _,„...,.., -sl-Jan-43 ._a&._.6...e3.LJ�.�.. 146% _ ...,....-�...__....9.._ $230,257,995 -r_., .........n $283,264,637 ...4s.-. r,..»....r-..vwr:. $473,21_5,0_93 ru.l.t..w �__-:. -$532,195,621M .....,.. _.... ,e m....x..,. $587,430,547 .., ... .,._.l,W _ _�' -$2,106,383,893 �'31-De_c-43 - l=Jan ._� �� _. �.31-Dec-44 1G9 S234,861M------ =$288,950,329� _ $482 679 395 S592 839 533 " 'ry -'5549 179 158 Y- $2,I48,511571 -44 1-Jan-45__.__....._._-.�_._.�v_��..._._ 152% ...._,._......_,...__..�.-,_.�__._.-_ $239,560,418 $294,729,336 .___.-,.___..__._.._..„.._..,x.._......a..____ $492,3332,983 -_...._.__..._,__.„_.r_.__,_..:_ $553,696,324 __.....M_._:_....._.W..___.._.-..... $611_162,741 $2,191,481,902 31-Dea45 w 1-Jan16 � 155%� $244,351,627 _. $300,623,923_-_Y T �T $502,179,642_ _ $564,77D,250 _ $623,385,996 _ _ 52,235,311,438 ; 314 K,r l-Iatt-47_ 158% $249,239,659 $306,636,401 $512,223,235 $57576,065,655 $635,853,716 $2,280,017,667 sw 31-Det:47 � 1-Jan-48Y� - 161% - ��_$25a,223,432._"'___" __'_t _ _ 12,769129 7:1 $522,467,70D ' ' -v T ^ _ 5587,586969 ,_6 �_._.-_ S648,570,754 52,325,618,020 �-! __. 31-Dec-48 1-Jan-49 664% $259,307,901 $319,024,512�T $532,917,054 $599,338,708 $661,542,2D6 $2,372,136,381 31 Dec 49 �31-Dec-50W •1—Janµ50 167% - �171% _ $2&1,494,059 v Y� �$269,783,940 _ a _$325,405,002 � , _ .� _� $543,57SJ _ x$554,446,903� _ _ $611,325-482- -$623,551,992 _ ' -_ ^ - $674,773,050 $2,419,572,98_8 1-Jan-51 $331,913,102 $688,268,S11 $2,467,964,448 -4 - " $565,535841 $636,023,032 $702,0_33,8$L .i$2;517,323,737_ 31-Doe 1-Jan-53 178% $280,683,212 w" $345,322,391 $576,846,558 .w - $648,743,492 _ $716,074,559 - - _ $2,567,670,212 31-DeF53 J l-Ian=54_ -' - �181%- �5286,296.87$35_2 M1850/. 228 839 - .$588 363 489 $6b17_18$2,619 „$600,151,159 023 616w w 31-Dec-54 �31rDec 55 w l Jan-55 ,-1-Jan-56 188%� , �1-Jan-57 �192% $292 022 613 4 •';; , $297,863,270 $359,273,416 $674,952,729 _ 5745,003,971 _ $2,671,404,088 31-Dec-56- S303820,535 $373,799,062 0624!397;265 IS::.; $702,220,819 $775,1102,132 -$2,101,720,217 31-Dec 57 _1-Jan-58 -196% , � _AS309,896,946.`-- ' ~--� ^ _ - _S3812fi3,823 _ _LrM,` _ r �_$636,895,211 _ _ -"[- - v::=NS716265;236". 31-Dee-58 1-Jan-59 200%o S316,094,665 $388,899,100 8649,622,915 $730,590,541 }' `-` ;- $806,416,258 $806,416,258 MillICap, hm According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as oflanuary 1 annually. During construction, the assessed value represents the portion of the building completed as of 3anuary 1. Assumes no assessed value during construction. =Assumes an annual inflation factor of 2.0%, 'See Fxhibit GI.1,1. 4See Exhibit C-1.2.1. 'See Exhibit C-13.1, 6See Exhibit C-1.4.1. 'See Exhibit G1.5.1. Reinvestment. Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Lxhibit C-2.1.2: Proiected Assessed Value - All Land Uses - Development Years 2025-2029 - Tarrant Countv Development 2, 0% Year Assessed Inflation Ending As Oe Factor" 31-Dee-23 I -Jan-24 100% 31-Dec-24 1-Jan-25 102% 31-Dec-25 1-Jan-26 104% 31-Dec-26 1-Jan-27 106% 31-Dec-27 1-Jan-28 108% 3 I-Dec-28 1-Jan-29 1 10% 31-Dec-29 1-Jan-30 113% 3I-Dec-30 1-Jan-31 115% 31-Dec-31 1-Jan-32 117% 3I-Dec-32 1-Jan-33 120% 31-Dec-33 1-Jan-34 122% 31-Dec-34 1-Jan-35 124% 3I-Dec-35 1-Jan-36 127% 31-Dec-36 1-Jan-37 129% 31-Dec-37 1-Jan-38 132% 31-Dec-38 1-Jan-39 135% 31-Dec-39 1-Jan-0 137% 31-Dec-40 I -Jan-41 140% 31-Dec-41 I-Jan-42 143 % 31-Dec-42 1-Jan43 146% 31-Dec-43 1-Jan-44 149% 31-Dec-44 I-Jan-45 152% 31-Dec-45 1-JanA6 155% 31-Dec-46 1-Jan47 158% 31-Dec-47 1-Jan48 161 % 31-Dec-48 1-Jan-49 164% 31-Dec-49 1-Jan-50 167% 31-Dec-50 I-Jan-5l 171% 31-Dec-51 I -Jan-52 174% 31-Dec-52 1-Jan-53 178% Munrcup, Inc 2025 Development Projected Assessed Value' $a $0 $164,441,640 $167, 730,473 $171,095,082 $174,506,784 S 177,996,920 $181,556,858 $185,197,995 $188,891,755 $192,669,590 $196,522,982 $200,453,442 $204,462,s 10 $208,551,761 $212,722,796 $216,977,252 $221,316,797 $225,743,133 $230,257 995 $234,963,155 $239,560,418 $244,351.,627 $249,238,659 $254,223,432 S259,307,901 $264,494,059 S269,783,940 $275,179,619 5280,683,212 2026 Development Projected Assessed Value" $0 $0 $0 $206,357,508 $210,494,658 $214,694,351 $218,988,238 $223,368 003 $227,835,363 $232,392,070 $237,039,912 $241,780,710 $246,616,324 $251,548,650 $256,579,623 $261,711,216 $266,945,440 $272,284,349 $277,730,036 $283,284,637 $288,950,329 $294,729,336 $300,623,921 $306,636,401 $312,769,129 S319,024,512 $325,405,002 $331,913,102 $339,551,364 $345,322,391 2027 Development Projected Assessed Value' $0 $0 $0 $0 $291,696,059 S297,529,980 $303,480,580 $309,550,192 $315,741,196 $322,056,019 $328,497,14.0 $335,067,083 $341.768,424 $348,603,793 $355,575,869 $362,687,386 $369,941,134 $377,339,956 $394,886,756 $392,584,491 $400,436,180 $408,444,904 $416,612,902 $424,946,078 $433,445,000 S442,113,900 $450 956,178 $459,975,301 $469,174,907 $478,558,303 2028 Development Projected Assessed Value6 $0 $0 $0 $0 $Q $342,229,850 049,074,447 $356,055,936 $363,177,054 $370,440,595 $.377,849,407 $385,406,395 $393,114,523 $400,976,814 $408,996,350 $417,176,277 $425,519,803 $434,030,199 $442,710,903 $451,565,019 $46Q,596,A 9 $469,808,245 $479,204,410 $488,788,499 $498,564,269 $508,535,554 $518,706,265 $529,080,390 $539,661,998 $550,455,238 2029 Development Projected Assessed Value' $0 $0 $0 $0 $0 $0 $359,396,122 $366,584,045 $373,915,725 $381,394,040 $3.89,021,921 $396,802,359 $404,738,406 $412,833,174 $421,089,838 $429,5I1,635 $438,101,867 $446,863,995 $455,801,183 $464,917,206 $474,215,551 $493,699,962 $493,373,859 $503,241,336 $513,306,163 $523,572,296 S534,043,732 $544,724,606 $555,619,099 $566,711,480 Total Projected Assessed Value At Buildout $0 $0 $164,441,640 $374,097,991 $673,265,799 $1,028,960,965 $1,408,936,306 $1,437, I 15,033 $1,465,857,333 $1,495,174,480 $1,525,077,970 $1,555,579,529 $1,586,691,119 $1,619,424942 $1,650,793,441 $1,683,909,310 $1,717,485,496 $1,751,935,206 $1,786,871,910 $1,822,609,348 $1,859,061,535 $1,896,242,766 SI,934,167,621 $1,972,850,973 $2,012,307,993 $2,052,554,153 $2,093,605,236 $2,135,477,340 $2,178,186,887 $2,221,750,625 'According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of tanuary 1 annually. During construction, the assessed value represents the portion of the building completed as of January I. Assumes no assessed value during construction 2Assumes an annual inflation factor of 2.0%. 3See Exhibit C-1.1.2 4See Exhibit C-1.2.2. 5See Exhibit C-1.3 I 6See Exhibit C-1.4.2, rSee Exhibit C-1.5.2. Reinvestment Zone Number Sixteen Fort Worth, texas (Peale Ranch) Exhibit C-2,2,1: Projected Assessed Value - All Land Uses - Develooment Years 2030-2034 - Summary Development 2.0 % Year Assessed Inflation Ending As of Factor' 31-Dec-23 i-Jan-24 .100% 31-Dec-24 I -San-25 102% 31-Dec-25 1-Jan-26 104 % 31-Dec-26 I -Jan-27 106% 31-Dec-27 1-Jan-28 109% 31-Dec-28 I -Jan-29 110% 31-Dec•29 1-Jan�30 113% 31-Dec-30 1-Jan-31 115% 3 t-Dec-31 1-Jan-32 117% 31-Dec-32 1-Jan-33 120% 31-Dec-33 I -Jan-34 122% 31-Dec-34 1-Jan-35 124% 3 I-Dee-35 I -Jan-36 127% 3 l-Dec-36 1-Jan-37 1290/6 3 l-Dec-37 I-Jan-38 132% 31-Dec-38 1-Jan-39 135% 3 I-Dec-39 I-Jan40 137% 31-Dee-40 I -Jan-41 140% 31-Deo-4l 1-Jan-42 143 % 31-Dec-42 I-Jan-43 146% 31-Dec-43 1-Jan44 149°/a 31-Dec44 I-Jan-45 152 % 31-Det,45 I-Jan-46 155% 31-Dec-46 I-Jan-47 158 % 31-Dec-47 I-Jan-4 8 161 31-Dec-48 l-Jan-49 164 % 31-Dec-49 1-Jan-50 167% 31-Dec-50 I-Jan-51 171 % 31-Dec-51 I -Jan-52 174% 31-Dec-52 I -Jan-53 178 % 314Dec-53 J-Jan-54 181% 31-Dec-54 I -Jan-55 185 % 31-Dec-55 1-Jan-56 188 % 31-Dec-56 I-Jan-57 192 % 31-Dec-57 I -Jan-58 196 % 31-Dec-58 I-Jan-59 200% 31-Decr59 I-Jan-60 204% 31-Dec-60 I -Jan-61 209% 31-Dee-61 i-Jan-62 212 % 31-Dec-62 I-Jan-63 216% 31-Dec-63 I-Jan-64 221 % 2030 Development Projected Assessed Value' so $0 $0 $0 $0 $0 $0 S463,184,978 S472,448,677 $481,897,651 S491,535,604 $501,366,316 $511,393,642 $521,621,515 S532,053,945 $542,695,024 $553,548,925 $564,619,903 $575 912,301 $587,430,547 S599,179,158 S61 1,162,741 $623,385,996 $635,853,716 $648;570,790 $,661,542,206 S674,773,050 %688,268,511 $702,033,881 $716,074,559 $730,396,050 $745,003,cM S759,904,051 $775,102,132 $790,604,174 $806,416,258 $838,995,475 %855,775,384 $872,890,892 $890 348,710 2031 Development Proiected Assessed Value° $0 $0 $0 $0 $0 $0 $0 $0 $472,448,677 $481,897,651 $491;535,604 $501,366,316 $511,393,642 $521,621,515 $532,053,945 $542,695,024 $553,548,925 $564,619 903 $575,912,301 $587,430,547 $599,179,158 $611,162,741 $623,385,996 $635.853,716 $648,570,790 $661,542,206 $674,773,050 $688,268,511 $702,03',SR € $716,074,559 $730,396,050 $745,003,971 $759,904051 $775,102,132 S790,604,174 $806,416,258 $822,54-4,583 �$38}95,475 $855,775,384 $872,890,892 S890,348,710 2032 Development Projected Assessed Values $0 $0 $0 $0 $0 $0 $0 $0 $0 $481,897,651 $491,535,604 $501,366.316 $511,393,642 $521,621,515 $532,053,945 S542,695,024 $553,548,925 S564,619,903 $575,9€2,301 $587,430,547 $59%179,158 S611,162,74i $623,385996 $635,853,716 $648,570,790 S661,542,206 $674,773,050 $638,268,51 I $702,033,881 $716,074,559 $730,396,050 $745,003,971 $759,904,051 $775,102,132 $790,604,174 $906,416,259 $822,544,583 $838,995,475 055.771,384 $872,890,892 $890,348,710 2033 Development Projected Assessed Valued $a $0 $0 $a $11 $0 $0 $0 $0 $o $491,535,604 $501,366,316 $511,393,642 $521,621,515 $532,053,945 $542,695,024 $553,548,925 $564,6I9,903 $575 912,301 $587,430,547 $599,179,158 $61 1,162,741 $623,385,996 $635,853,716 $648,570,790 $661,542,206 $674,773,050 1688,268,511 $702,033,881 $716,074,559 $730,396,050 $745,003,971 $759,904,051 $775,102,132 $790,604,174 S806,416,258 $822,544,583 $838,995,475 $855,715,384 $890,348,710 2034 Development Projected Assessed Value' $ll $0 $a $a $0 $0 $0 $0 SO $n S0 $501,366.316 $511,393,642 $521,621,5 € 5 $532,053,945 $542,695,024 $553,548925 $564,619,903 $575912,301 $587,430,547 $599,179,159 $611,162,741 $623,385,996 $635,853,716 $648,570,790 $661,542,206 $674,773,050 $688,268,511 $702,033,891. $716 074,559 $730,396,050 $745,003,971 $759,904,051 $775,102,132 S790,604,174 S806,416,2.58 $822,544,583 $838,995,475 $855,775,384 $872,890.892 C890,348,710 Total Projected Assessed Value At Buildout $0 $0 $o $o $0 $0 $0 $463,184,978 $944,897,354 $1,445,692,952 $1,966,142,415 $2,506,831,579 $2,556,968,210 $2,608,107,574 $2,660,269,726 $2,713,475,120 $2,767,744,623 $2,823,099,515 $2 879,561,506 $2,937,152,736 $2;995,895,790 $3,055,813,706 S3,116,929,980 $3,179 268,580 $3,242,853,952 $3307,711,031 $3,373,865251 $3,441,342,556 $3,51a,169,407 $3,580372,796 $3,651,980,251 $3,725,019,957 $3,799,520,254 $3,975510,659 $3953,020,872 $4,032,081,289 $4,112,722,915 $3,355,981,899 S2,567,326,153 S 1,745,781,784 $890,348,710 MtrniCap. 1- 'According to the Parker Counry Appraisal District and Tartans County Appmisal District property is assessed as of Januan I annually_ During construction. the assessed value rcptesents the portion of the bailding eomplctcd as of January 1. Assumes ne assessed vahie during construction. Assumes anannual inflation factor of 2 O%, 'Sec Exhibit C. L&t. 'Sec Exhibit C.1.7, [. 'Sea Exhibit C-1.9.1. 'See Fdhibit C-19,1, 'Ste Exhibit C-1.10.1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.2.1 Proiected Assessed Value - All Land Uses - Develootnent Years 2030-2034 - Tarrant County Development 2.0% Total Projected Year Assessed Inflation 2030 Development 2031 Development 2032 Development 2033 Development 2034 Development Assessed Value Ending As Of Factor' Projected Assessed Value3 Proiected Assessed Value° Proiected Assessed Values Projected Assessed Value6 Projected Assessed Value? At Buildout iL31-Dec-23 - 1-Jah-24 .100%° " $0 $0 31-Dec-24 1-Jan-25 102°/a $0 $0 s0_ $_0 $0 i_ 311-Dec-25'-� w Wan-26104%0 _ _ _ $0� v .T�. �$0 - _$0 _ _ _ _ _ _ 50 _ _ $o _ .i$D 31-Dcc-26 Wan-27 106% _50 _ $0 _:. T$0 -- - �$0 W ry $0 $0 y 31-Detr27 1-Jan-28 _.,_ _._.. IDS% .____ $0 _-- _-_—._ r__ $0 $0 $0 $0 $0 31-Dec28 1-Jan- 29 110% $0 $0...$o __._.._-...__....._ ___W_... $0 _._..____�.._____-..._--.__ __$os.,.._____ ..,.___,,_._ $0_,.,-_..... _ ._R_ M. $0 - 31-Dec-30 1-Jan-31 115% $366,584,045 $0 $0 $0 $0 $366,584,045 31-Dec-3I 1-Janw32 117%. --__- _ __._. $373,915,725 __ _-..- ... _ _ $373,915,725 $p _. r'. _ $0 � _ $0 p..__- Y_. _ $747 831',451 � ' 31-Dec-32 1-Jan-33 120% $381394040 $391,394,040 .- - - $381,394,040 - -_.ry n.... ... $0 $0 $1,144,182,120 M _ _ _ _ _ 31-Dec 34 Wan-35 124% $396,802,359 $396.802,359 $396,802,359 T$396,802,359 $396,902,359 $1,984011 796 t 31-Dec-35 �31-Dee-36T~ 1-Jan-36 1276/a �_ $404J 8,40fi _....:.__.v8404,738,406 �- m' - $40_4,7_38,40fi __._. ,_- S404,738,406N0. �wYY $2,D23,692,032 - 1-Jan-37 [29% $412,833,179 $412,833 174 $412,833,174 $412,833,174 $412,833,174 $2,064,165,872 _ 31-Dec$421,089,838W� „ - N ~T -M m �M �' �� $421,D89,838�^ "$42'1,089;838J - ~ W d w N v mm$42_l',0&9,838_, W� y $2,1D5,449,190 31-Dec-38 1-Jan-39 l35% $424,SI I,635 $429:511,635 $429,511,635 r $429,511,635 T T$429,511,635 „x W $2,147,558,174 . 31-Dec-39 - _ _ �1-Jan�O�- _ µa ^ 137% ,101,867� $438,10] 8b7 - � $438_.._._ - $438,101;8_67 �w- �54381D1,867� -�- - $438,101,86'7v� _$2,190,509,33_7 31-Dee-4D 1-Jan-41 140% $446,863,9D5 $446,863,905 $446,863,905 $446,863,905 $446,863,905^ $2,234,319,524 - _- _ _ _ _ 18 S55,841,183 Dec' 1-Jan �3 I46 $964,917206 $464,917,206 $464,917206 $464,_1720 $464,917206 $$22,, 322749,,508065,,0443I2 31 Dec 43 .. �152% - w � -� ,_"__•,,,__,_,._-,�$-4_5$,,801, . ,D 7r75374.,i 31 Dec 44 -Jan-45 S46,699,862 $493,699,862 $483,699.962 $493,699,862 $483,699,862 $2,418,499,308 31mDea45 lAJan�i6 155% $493 373 859 $493;373,859 d $493 373,859' $443,373,859. $493 373,859 $2'$6G 869,294� ; _ 31-Dec-46 1-J�a7 158% $503,241,336 $503,241,336 $503,241,336 $503,291,336 $503,241,336 $2,516,206,680 �j_ 31:Dec-47 - -1-Jan48A A 161%T �,._$513,305,163 �, $513,306,163 W �$523.572.286 - 5513,3_0_6,163J _ _ . _ - _ $513,306,163 �Y �6 �' $513.306,163 v-�$2,56b,530,814'" 31-Dec-48 I-Jan49 164% $523,572,286 $523,572,286 S523,572,286 $523,572,286 $2,617,861,430� �31-Deere 49. 1-Jan-50 ' - 167% $534,0_4_3,7_32 -' S53_4,D_43,732_ _~ $534,043,732 w _ -~ S534.043.732 _ _ T _ S534,043,732 S2 670,218,659__ ' 31-Dec-50 1-Jan-51 171%� $544,724,606�� $544,724,606� $544,724,606 S544,724,606 $544.724,606 S2,723,623,032 �178% ,$555,619,099 $555,619099 ^--�� - $555,619,099-- 5555,619,099 -$555,6k9,099- ~~ $2,778,(195,493. -� 31-Dec-52 1-Jan-53 $566,731,480 $566,731,490 $566,731,480 $566,731,480 $566,731,480 $2,833,657,402 MunrCap, Inc tAccording to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January 1 annually. During co=struelion, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. 2Assumes an annual inflation factor of 2.0%, 'See Exhibit C-1.6.2. a See Exhibit C-1.7.2, 'See Exhibit C-1.8.2. 6See Exhibit C-1.9.2. 'See Exhibit C-1.10.2. Reinvestment Zone Number Sixteen Fort $1 ordr, Texas (Veaue Ranch) Exhibit C-2.3.1: PrOecled Assessed Value - All Land Uses - Development Years 2035-2039 - Sumin Development 2.0% Year Assessed Inflation 2035 Development 2036 Development F116MA As Z � Faa� Z PfN1y�d Assessed Vaing� �J 's tad Y�II�t 11r� 31-OCo-73 I J 24 ,a;;. $0 31-Dec-24 1-Jan-25 102% $0 $D 31-D[r-25 14an-26 104% so SO 31-Dec-'6q 1-Ian-27 106% A $0 I-Jan-28 1081"v $d - SO 31-Dec-28 I-Jan-29 110% $0 SD 31-Dec-29 I-Jan-30 113% so SD 31-Dec-30 I-Jan-31 115% $0 s0 31»Dec-31 I-Jan-32 117a/ $0 so 31-Dec-32 1-Jan-33 1p1,y $0 $D 31-Dec-33 1-Jan-34 122i $0 $0 31-Dec-34 1-Jam35 124% $0 SO 31-Dec35 I-Jan-36 127'/, $511,393.642 $0 3l-Dec-36 I-Jan-37 12WI, $521,521,515 $521,621,515 31-Dec-37 bran-38 132% $532,051,945 $532,053,Ns 3l-Dec-38 I-Jan-39 1,15% $542,695,024 $542,69S,024 3I-Dec-39 I-Jan-40 137a/4 S553,546,923 $553,548,925 31-Dec-40 1-Jan-41 14TI, $564,619,903 $564,619,903 3l-Dec4l 1-Jan-42 14P% $575,912,301 $575,912,3b� 31-Dec-42 I-3an-43 146E $597,430,547 $597,430,547 31-Dec-43 1-Jan-44 149°/a $599,179,1S8 -$$W,179.158 31-Dec-44 I-lan-45 1521 $611,162,741 $611,162,741 31-Dec-45 I-Jan-16 155E $623,385,996 -$6233859% 31-Dec-46 I-Jan-47 158% $635,953,716 $635,853,716 31-Dec-47 1-Jan-48 161% $648,570,79 $648,570,790 31-J]ir��R J-Jan-49 164% S661,542,206 $661,542206 �1- ec-4 I -Jan -so 167% $674,773,050 $674,773,050 31-Dec-50 I-Jan-51 171% S688,268 511 W9,268,511 3J-Dec-51 1-Jan-52 174% $702,03�))S1 $702,033,981 31-Dec-52 1-Jan-53 J78% $716,074,559 s,716,074,S59 31-Dec-53 I-Jan-54 jgN, $730,396,050 g730,396,050 31-Dec-54 1-Jan-55 183% 5745,003,971 �745,003,971 31•Dec-55 14an-56 I88% $759,904,051 $759,904,051 31-D�I - 6 1- 192% $775,102,132 S775,IO2,132 )I- 6dd- `'J 9Iy1II� J-�1I1.58 196% $740,604,174 $796,604,174 31-Dee-58 1-Jan-59 �t�x\ " 5806,416,258 $806,416,258 31-Dec-59 i-j.,W '!W+% .S622,544,583 $822,544,593 31-Dee-60 1-Jan-6 209% $838,995,475 $838,995,475 31-Dec-61 I-Jan-6 $855,775,384 1�)6,775,384 31-Dec-62 1-Jan-63 216% S872,89D,892 $872,990,992 31-Dec-63 I-Jan-64 221% S890,349,710 3890,348,11b 3J-Dec-64 1-Jan-65 225% _ ;VWS� - $908, 155,684 3j-Dec-65 i-Jan-66 230E $926,318,798 31-Dec-66 1-Jan-67 Ji1WI. 5944,845,174 $944,845,174 31-Dec-67 L-lan-68 239% $963,742,077 $963,742,077 31-Dec-68 i-Jan-69 244% $983,016,919 $983,016,919 V ..Cup. I- Total projected 2037 Development 2038 Development 2039 Development Assessed Value �r OVA91 YfAr TRI711001110 4YAO, !?rp�IN�`�Gi �'II�P' . /�1J3u�ildout ,sp $o $o $o �f so 'SO $0 $0 $0 s0 $0 Sd $0 $o $0 $0 $0 $0 $0 $o $ll 0 $0 0 $D sd so $0 $0 $0 so to $0 96 0 $0 Sq $0 $0 $0 tb $0 $511,393,642 .0 $0 $0 ) fJ,3,24 ,030 $�A4,NA,,41 $0 $0 f,596,JM,A36 $542.,695,024 $542,695,024 $0 $2.170,780,096 $553,548,925 - $553,548 925 $553,50,925 $2.767,744,623 $564,619,903 $564,619,903 $564,619,903 $2,923,099,515 $575,912,101 $575,912,301 $575912,301 $2,979,561,506 $587,430, ��-t\ J587,430,547 $587,430,547 $2,937,152,736 $599,1j"IN �SO�J,l't9,J56 $599,179,159 $2,995,995,790 I, 162,741 $611,162,741 $61I,162,741 $3,055,813,706 RCI �3,385,99b $623,395,996 $623,395,996 $3,116,929,980 $635,853,716 $635,853,716 S635,853,716 $3,179,263,599 $648,570,796 $648,570,790 $648,571J,190 V,242853,952 $661,542,206 $661,542,206 $661,542,206 $3,307,711,031 $674,773,050 $674,773,050 $674,773,050 $3,373,865,251 $11269511 $688,268,511 S688,268,iiI $3,441,342,556 111Y61 1 $702,033,881 $702,033.91 $3,510,169,401 $716,074,559 $716,074,559 $716,074,559 $3,580,372,796 $130,396,050 $730,396,05J) $730,39%,050 $3,651,990,251 $745,003 971745,C,0�', 971 $745 003 971 $3,725,019,857 $759,904,05J 91��+1A1, $759,904,051 $3,799,520,254 $775,102,132 $775,102,132 $775,102,132 S3,375,5 10,65 9 Vikb04,1A $790,604,174 $790,604,174 S3,953,020,872 806,416,258 $806,416,258 $806,416,258 S4,032,Oa1-289 �1�'�,583 $822,544,583 $822,544,583 $4,112,722,915 $838,995,475 $838,995,475 $838,995,475 $4-194,977,373 S855,775,384 S855,775,384 $855,775.384 S4,278,876,021 $872,890,892 $872,89Q892 $872,890,�?, $4,364,454,459 $890,348,710 $890,348,710 $890,149, ,u 44,AS1,743,549 $908,155,684 908{�1 (y�C684 $908,155,68 $4,5A�Q 778 419 $926,318,79 $3,1�9'M190 $944845,174 $944,645,174 $2,834,535,521 $963,742,1177 � l�l v %-' r+ $961,742,077 $1,427,4%4,154 $983,016,914 _ $983,016,919 „ r. S%3,016,919 $983,016,919 lA—ding to the Parker Camty Appraisal I)�strict and Tartan C'nmty Appraisal DiA i= pmpeny is ...-I as of J—, 1 an 11, n„ , . .., �, . ,.—,.d vatuc ral+resenls Se panion or the building —pled as of J.—, I. Assumes nn aasessed -I-during —1—— 'A— mt —1 inflalim fscmr of 2.OY. 'Sre 5xhibit C-i.I 1 1. 4.See HJtihit C-I.12. F 'See F-Jnbil C-1.13_I_ .I.Exhibit C-1. 14.1. 'S. Exhibit C-l. IS 1. Reinvestment Zone Number Sixteen Fort Worth, Texas (M?afe Ranch) Exhibit C-2.3.2: Proiected Assessed Value - All Land Uses - Development Years 2035-2039 - Tarrant Countv Development 2,0% Total Projected Year Assessed Inflation 2035 Development 2036 Development 2037 Development 2038 Development 2039 Development Assessed Value Ending As Of Factor, Projected Assessed Value3 Proiected Assessed Value Proiected Assessed Values Proiected Assessed Values Projected Assessed Value? At Buildout .._ 31-Deo-23 _ .14an-24 _ 100% �$0 _.$0 _ _s0__ S0 $D 1-Jan-25T 1-02%~ $0 $0 -$0 _31-Dec-24 �31-Dec-25,_...Y-L-1-Jan-26m���..1�%0•�.-._:.,�_.,.,._ ��Q`. ` ,_-._. _ -_..0 "'-,$ti.__ _ , _�, . �$D� - -..... ":$0,. __ ._........___...�... .$Q..... ...._._..,._ $D, .,... 31-Deo-26 _ 1-Ian-27 106% $0 $D $0 ---__ ..$O,so $0 __$D -� $fl 31-Dec-28^ I-Jan-29 110%° $0 $0._$0 - - --_--..--_--_. :-$D ---•__-_. __ _ _.._ _ _ $0 $0__- i. 31-Dec_29 1-Jan-30 113%$0 . 31-Dec-30 1-Jan-31 115% $0 $0 $0 $0 $0 $0 Deo- 1 ]-Tan-32 117°/a $4 $0 $0 - - $0 � �� 31-Dec-32 1-Jan-33 120% $0 $0 $0 $0 _ -__•„ - _ .. _ _ __ _.--_ $0 _... _ .__.?�..-__ __: $0 $0 _$0 31-Dec-34 1-Jan-35 124/a $0 $0 .......0: _. _ _ $0 _ _ __.?0 $0 . -u . $0 $0 i. _31-Dec 3S _ _.1"Jan-35,, r_z W 127°10 $404,738,406v_ w129%T ~^$_412833174 _ $404,738,406 3I-Dec-36- 1-Jan-37 $0,__-______._____�,.__ $0•____ $0._ $925666,349 3i_-Dec_37_^YI-Jun-38 �`_ -JWan-39 _ -_ 132% M _ w_ W �$421,D89,83$ _-- _$412,933,174f- _ 5421,489,838--�J$421,084,838 3l-Dec-38 _ 135% $429,511,635 $429,511,635 $429,511,635 w �$429,511,635 _ ry $0 -�� $1,718,046,539µ . 31-Dec 39 137/0 $438;101,867 _ ..' • $438-101,867 ' y '$438 101 867 $438`101 8 w' 67: - R-- _ ...,..r ...._ .._ .. . _ . _.A $43$' 61,867. 3l-Dec-40 1-Dec-4-• _ __ 1-Jan�l 40 140%� $446,863,905 $446,863,905 $446,863,905 , $446,663,905 m- y -- 663,905 � $446,8 $2,234,319,524 .- �_.-_ �_ _ 31-Dec�ll 1 Jan -2 _--,. Fi 143°k _ A 5455,801;183 _ �_- -- -- $45_5,801,183 ._ -'�Y y-� $455,801,183 - V _ $455,801,183��'� ~ .- „TS955,801,183 �r,� _ ~. 279,005,914 31-Dec-42 1-Jan-43 146% $464 917,206 $464,917,206 $464,917,206 $464,917,206 $464,917,206_ $2,324,386,032 i31=Deo43� 1-7an-04 _ _ —149%'w „$47421S,SS1 pwa$474,215,SSi'_ -°+ $474,215;SS1 �'$474,215,551t�� :J L $474215,551 W$2371077,753 31-Dec-44 1-Jan-45 152% —�155'/0 $483,699,862 $483,699,862 $483,699,862 $483,699,862 $2,418,499,309 = 31_i)ee;45 T w1Jan-06^HTM158%o _ _59_�_ _ _ $49_3,373;8 �5503,241,336 _$483,699,862 0$493,373,659 x _ _ Wvw_ i- w$493,373,859 Y� �� _ w$493,373,859 ^_e$493,373,$59 �$503,241,336 M$2�4Gb869,244 -� 31-Dec46 1-Jan47 $503,241,336 $503,241,336 $503,241,336 $2,516,206,680 §, 31-Dec=47 �.,w___.__.._._.,__..wM-.._..___._.m.;.�.._..w......�-..:..:._ 1-Jan 48 t61% $513,306,163 SI3,306,163�„._�,-...^,.,,,W�-$S13,305163 _._. $513,30fi,163 W • _ $513306,163 $25665,,. J _.: 31-Dec:48 1-Jan49 164% $523,572,286 $523,572,286 $523,572,286 $523,572,286 $523,572,286 $2,617,86_1,430. -'1_Jan-50 �1-Jan-51 I67% -, $534,043,732$534,043,732 $534,043,732 x ^ -$534,043,732 - z - - - Y- �5534.043,732 - ' �$2,670,218,659ry�' -i✓ YA 31-Dec50 _ _- 171%T $544,724,606 $544,724,606 $544,724,606_ $544,724,606 $2,723,623,032 f 31-Deo-51 1-Jan-52 ° __ 174/0 Y _$544.724,606� - $555,619,099 _ ^ - w'- �- $555,619,099 _ _ $555,619,099 R p �__- _ ._.._.__w. ._ _. __ .. 61 --� $555,619,099 _ $555,6I9,099 __ m -- $2,778,D9S493 > ..._ 31-Dec52T- 1-Jan-53 178% $566,731.480 $566,731,490 $566,731,480 $566,731,480 $566,731,480 $2,833,657,402 MUNCap, lna tAccording to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January 1 annually. During construction, the assessed value represents the portion of the -building completed as of January 1, Assumes no assessed value during eonstmCdon. =Assumes an annual inflation factor of 2.o%. 3Ste Exhibit C-1.11.2. 'See Exhibit C-1.12.2. 'See Exhibit C-1.13.2 6See Fxhibit C-1.14.2 7See Exhibit C-1.15.2 Reinvestment Zone Number Sixteen Fart Worth, Texas (Value Runch) Exhibit C-2.4.I, Proiected Assessed Value - All Land Uses - Devolminent Years 2040-2044 - Sunurmv Development 2.01/. Total Projected Year Assessed Inflatwn 2040 Development 2041 Desxbpmmt 2042 Development 2043 Development 20" Dewbpment Assessed Value t-,{�I As DI' Factor' Proiceted Assessed Value' Pmiected Assessed Value' Protected Assessed Value' Proiected Assessed Value° Pro'ec2ed Assessed V; 3ue' f Al Ru�ldout 3 I-Jan-24 I00"/. SD S0 i0 so $0 SO 3 t-Dec-24 I-Jan-25 102 % SO SO so s0 so so 31-Dee-25 1-3a 26 1014% So $0 SO $o $0 so 31-Dec-26 I-hn-27 1D6% so so SD SO so so 3I-Det-27 1.34n-28 108% - ID SD $0 $o m SO 31-Dec-28 I-Jan-N 110% $o $0 so $0 $0 $0 31-13w29 I4an-30 113% $0 $0 $0 so SO SO 31-Dec-30 1-An-31 115% so $0 so SO $0 $0 31•Ileo-31 I-}ar-32 117'/a SO $0 $0 so $0 $0 31-Dec-32 IAW-33 120% so $0 $0 So SO $0 31•Dec-33 Wan-34 122% $o $0 so SO so so 31-❑ec-34 1-Jan-35 124% So so S0 SO SU SD 3I•bec-35 I-JwtJ6 127% So SO so $D SD S0 31-Dec-36 I-Jan-37 1299I. SO so $0 SD so So 31•Deco-37 Wan-36 i32o/. so SD SD SO SD SD 31-Doc-38 Han-39 13S% so $0 so $D so so 31-Deo-39 1-3m-40 137% so so to $0 $0 so 31-13x-40 I-Jan-41 140% S.534,882,995 S0 SO $0 $0 $534,88:995 31-Dec-41 War-42 143% S545,580,655 $544,849,393 $D so so S1090,430,047 31-Dec-42 1-Jan-43 146% $556.492,269 $555,746.181 $311,941,227 $0 so $1,424079,875 31-Dec-43 1-Jw 44 1491/6 S567,622, 1I3 $566,861308 $319,079,051 $318,079,051 $0 $1.770,639,524 31-Dec-44 IJen-45 152% S578,974,556 $579.198.534 $324439,611 $324.439.612 S268.566.088 $2,074618,403 31-Dec S 1-]art-db 155% $590,554,047 $599,762,505 S330,928,405 S339,928,405 $273,937,410 $2,116,110,771 3I-Dec-46 I-Jan-47 159% $602,365. 128 $601,557.755 S337,546,973 $337,546.973 S279,416,158 S2,158.432,986 3l-Dw,47 I-Jan-48 161 % S614,412,430 S613,588,4I0 S344,297,912 $344,297,912 S265,004,481 $2,201,601,046 31-Dcc48 I-Jau-49 164 % $626,700,679 S625,860,688 S351,183,870 S351,183.870 SM.7D4,571 S2,245.633,679 31-Dec-49 14a 50 167% $639,234,692 $639,377,902 $359,207549 8358„207,548 $296,519,662 S2,290,546,353 31-Dec-50 Han-51 171". S652019,396 $651,145,460 $365371,699 $365371699 S302,449,036 $2,336.357,280 31-Dec-51 I-Jan-52 174'/. S665,059,774 %64,168,369 $372.679,133 $372,679.133 $309.499,016 S2,383,084,425 31-Dec-52 1-3aD-53 1781/. S678,360,969 1677,451,737 $390,132,715 $380132,715 $114 667.977 $2,430,746,114 31-Dec-53 1-3an-54 191% $691928,189 5691,oD0,772 S387.735,370 $387.735,370 5320.961336 S2,479,361,036 31-Dec-54 I-Jan-55 185% $705,766,752 $704,920.787 S39S,490,077 $395490,077 $327.380.563 S2,528948,257 31-0e 55 I-Au-56 188% $719,892,099 $716,917,203 $403,399.979 $403,399,879 $313,929,174 $2.579,527222 31•Dec-56 1-3an-57 192% 1734,279,729 $733,295,547 S411,467,876 $411.467.876 $340.606,738 $2,631.117.766 31-1)ec-57 I-Jan-56 196% S748,965,324 $747,961,459 3419,697.234 S4191,697,234 5347,418,873 $2.683.740,122 31-Der-58 I-Jan•59 2D0% $763.944,630 $762.920,687 S428,D91,178 S428,091,178 $354,367,250 S2,737,414,924 31-Dec-59 I-Jan-60 204% $779,223,523 $778.179,101 1436,653.002 5436,653,002 5361.454,595 $2,792.163,223 31-Dec-60 1-Jan-61 209% S794,807,993 S793,742,683 5445,386,062 $445.186,062 S368,683,687 S2,848.006,487 31-Do"I Ilan-62 212% $810,704,t53 $909,617,536 $454,293,783 S454,293,783 $376,057.361 $2.904.966,617 31-➢ec-62 I-IM-63 216% $826.918 236 S825,809,887 $463.379,659 S463,379,659 $383.579.508 S2,963,065,949 31-Dt"3 IJan-64 22196 $943.456,601 $942.326.095 $472,647,252 $472.647,252 $391.256078 $3,022,327,268 31-Dec-64 1-Jan-65 225% $860,325,733 $S59, 172.606 $482, 1DO. 197 S482.100,197 $399,07$,080 $3092.773.8 13 31-Det-65 I-Jan-66 230% 88773532.248 $976.356.059 $491.742,201 S491742,201 $407.056,591 13,144,429290 31-Dec-66 I-Jan-67 2341/. S895,082 893 $993,883.180 $501,577,045 $501.577,045 541 S. 197,713 $3 207.317.975 31-Dec67 I-Jan-68 2390/. S912,984,551 $911.760,943 S511,608,586 SSt1.608,596 $423.501,667 $3,271,464,233 31-Dec-68 1-Jan-69 244% S931,244,242 $929,996,060 $521,840,758 S521,840,758 S431.971.700 $3,336.893,518 31-Dec-69 I-Ian-70 249% ;yb.3;615SsiY4 5948.595,981 S532,277,573 S532.277.573 $440.611,134 $3.403.631.388 31-Dec•70 I-San-71 254% 5468,866,509 11�. Y;p,ld,, .4l11--;i,,, _. ,, S542,923,124 $542,923.124 S449,423,357 $2,502.837,507 31-Dew71 1Jan-72 259% $999,243,839 S986,9i9,259 "P*MWAW-� g; $553,761 587 5458,413,824 $1,565,474,998 31-Der:-72 I-Jan-73 264% S1,008.008,716 $1.006,657,644 $564,357,219 ����'�'-"' $467,580,061 SI.032,437,279 31-De 73 1-Jan-74 269% SI,028,168,890 SI,026,790,797 $576.154,363 S576J54,363 ti : >i '. ..- ' s� S476,911,662 11ouoop, 1m 'Aoeordmg u, the fork= Caoaly Ap =I D—I .nd TaianEC—ty Appnieal rA..t propew is aa...d .s n0—a I —Ily Dwinge.nsu —, Iha amcmd calve ,ep.e u the prnwo ordle bu khng mmpkW o.,d Janwm I. Aawnw-, no —.-d nos d-mg uwounctnm. 7Aaums. an nnnwl mFlauun ranry d 2.0% 'S. Exhdal C-I t6 I '&e E�rhiba C-I 17 i 'sea E:hbit C-1 la. I 'Sec EW.N(C-1 19 1. �5u Elrhihit C-1.20.1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.4.2: Proiected Assessed Value - All Land Uses - Develonment Years 2040-2044 - Tarrant Countv Development 2.0% Total Projected Year Assessed inflation 2040 Development 2041 Development 2042 Development 2043 Development 2044 Development Assessed Value Ending As Of Factor' Projected Assessed Value' Projected Assessed Value Projected Assessed Values Proiected Assessed Values Proiected Assessed Value At Buildout L 31�Dec-23 1�Jan-24 ^1-Jan-25 r 100% _ $0 _ w v_ so _ _ $Q $4 -_ _ Y_ _ b_:0 _�. _ .._.__� � ' S0�___ _S 31-Dec-24 102% $0_ 3o $0 so $0 f 31-_D'ec 25� _ _1Jan 26_1Q4%° _ _ _ _fl _ -� _ _ _ _ $U��_ _$0 _ - _ __- �$0- _ _ _ _ _`� _ _ _,_ _. __ �so _ _ _ _ _ _ $O�r._ _ __ _ __���$0 31-Dec-26 1-Jan-27 106% $D 50 $0 $0 t .-3.1^Dec-27 y Y 1-Jan-28 108°/a 91-Dec-28 I-Jan•29 110% $o $0 $0 $0 $0 31-Dec-29 1 Jan-30 113%° w - $07 $0 $0 $OY $0 $0 31-Dec-30 1-Jan•31 115% $0 $0 $0 s0 $0 $0 $0 _ 31-Dec-32 1-Jan-33_ 1260 $D-$O_--.,...._$O_._. $0 s0 $0 31-Dec-33 1-Jan-34 122'/0 �- - _..___ _$0 $p 30 $o so- 3 1-Dec-34 1-Jan-35 124% $0 $0 $o $0 31-Dec-35 V ]-Jan-36 _ _ 7%_ � , �~ $fl _ _ _ $D'_ _ ; _SD _ �._ Y - _ _so w_ _ _. _ $0 -$0 _$0_ 31-Dec-36� 1-Jlan-37129% $0- $D $0 $D $0 , 31-Dec-37- 1-Jan-38. MI-Jan-39 132% _u__ _ __ _ _. ----$0 - --- .._m. _ __ �.'... $� _ _ _ µ 50 _ ��� _ __ _ _ ��$0--_ . �_,_ __ _ _ _ _ � $0 31-➢eo-38 135%- $o CO� -. so $0 so 1 31-Dec-39 1-Jan-40 137% _ µ -$0 - _ _ _so 31-Dec-40 I-Jan-41 140% $417,126,997 $0 $D $0 - �$417,126,997 31 Decal_ 1-Jan 42 l43% `. - 5925 46_9 5_37 ` u R _"' �$425 469,537 _ $0 $OW' - j M N _$0 - 8 939,073 _ r.. 31-Dec 42 1-Jan-43 146% $433,978,927- $433,978,927 $237.064,675 $o $0 $1,105,022,529 31-Dec-43„ .. �,_._._..r_.a$442,558,506 yy- $442,658,506 $231,805,998 M M' 1-Jan-44 149% - �$24I,80S,9fi8 ry - $0. - $13'68,928,948 31-Dec-44 Jan-45 152% $451,511,676 $451,511.676 $246,6642.0088 $246,642,D88 $190,768,561 $1,587,076,090 31-DecrlSy �' �_!-fats-46 �155_% �_ - $460 541,909 _ ' - $46_0 541 909�' -� $251,574,929 $251,574,9_29 w$i94,5$3,935' $1;6]'8,817,612 W� 31-Dea-0b- 1-Jan-47 158%T $469,752,748 $469,752,748 $256,606,428- 5256,606,428� $198,475,613 $1,651,193,964 _ 31 Aec-47_ _u 1-Jan-48 _ _ 161% -164% _ w- $479,147,803 _ ,�,. _ R � --� $479,147,8D_3 - w A� $261,738,556f _$266,973,32g ^' $261,7_38;556-� ^ u-$266,973,328 - $202,445,126 -�� _ -$i,64, 1C $44 -_ 31-Dec-48 I-Jan49 $488,730,759- $488,730,759 $206,494,D28 717,90 $1,717,902,20D __ ___ _- - -31-Dec 49 �Y 1�fan-50 ^^- -- _ 167Jo $498,505,374 $498 505,374 -. $272,312,794 .. .,. _ ...., _.. $272,312.794 . _.. -$ ---- _----..,. $210.623,909 � u- - $1,752,260,244 t _..u_ .-_. _,_. __ , 31-Dec-50 !-Jan-51 171 /0 ° �- _$508,475,481 �$508, 475,481 $277,759,050 $277 759 054 $214,836,387 4 $1,787,305,499 ��- _ $518644,991 $518, 644,991 $283,314,231 $283 319 23I $219,133,115 $1,823,051,5_58 - -" 31-Dec-52 1-Jan-53 178% $529,017,891 _ . T_.... _.._ _ _ $529,017,891 - _ - + - - n$288,980,516 ..M._...�..._.,_. $288,980,516 ~� - _,- $223,515,777� �$1,959,512,589 MrrniCap, m,. tAcrerding to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January t annually. During construction, the assessed value represents the portion of the building completed as of ranuary 1. Assumes no assessed value during construction. =Assumes an annual inflation factorof 2.0%. 3See Exhibit C-1.16.2. °See Exhibit C-1.17.2. °See Exhibit C-1.18.2. 6See Exhibit C-I.19.2. 'See Exhibit C-1.20.2. Q 31 � N' a � � ��a�emwc.wnti� M•�SNri'�.; q�� ���mwa=y�. E�-< � NMN enw M HHH» H M NH HwHw N H H wnH n Gi M lAN NH gnygm ZnR.=Rn'4 •'�°v ^�annne. �f.`y e' ay nmy�-1-a.RR� �A-1-4an� M-� �a�w.`�w .g. w s� ✓iw S'i $w��.A»A ag,wAe-Sm h,n �°d`, .r.amr��'.aNarr _o, � C rim �'koo=n`_n�i��c� `"� $.c �: ••, r�- .n �w n w wwHMH rANNw VfNw N Y. wfm9A Y�Y� N na�1 � fAA Q dppF; G p G G C G O C O G G G C G G O G- of -Fig C CJL P_ V� N m N .G n n O C W '. �, 9Nb, O b ni 0, .'2 4, M H H H A H H W w W N H a A w A n Vf H F. N H N v, O n n� oko�� �, P 1�t 4� V, .O, O .�i. r� r O � ��O' lossC O ti O �_ � b a t� m P � 0 vi M_ C- ae r 1'� e0 O W N $ F��^++5+,' «Aa-RA F;V33R«I«.diii cox ww Q o.= -n n'Q.Y maj on 1 oar�_�n-� a4A$anS3Pyc��iA$�SR$x. K$. "IRA�.'o�.� . Y N L4 H H H W A A A A i 3 A A N A A A P H A� H� H H H Vi 49 aTi w�i H H� n a 11 G - -.. -.. r.. -� «.. ._. .. «-.�.-. «.�...-.-..-. 11111 - �-�.-. .. .. « N n n r. rvnt�.M-a-a n rv'. ev Nth ra g rv.vN --M.Mn-M-n-M.�,-MMMMA MMMMMMMMnwMRM 2 9 S Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2 5.1 Projected Assessed Value - All Land Uses - Develonment Years 2045-2049 - Tarrant Countv Development 2.00% Year Assessed Inflation Ending As OI' - Fal tx 31-Dee-23 I-Jan-24 10.0 31-Dec-24 I -Jan-25 102% 31-Dec-25 I-Jan-26 104 % 31-DgQG-�6 1-Jan-27 106% 31-Dc't.-L'; l)an-28 108% 31-Dec-28 I-Ian-29 110% J'l 1-Jan-30 113% 31-Dec-30 I -Jan-31 115% 31-Dec-31 1-Jan-32 1170/0 31-Dec-32 1-Jan-1 7 120% 31-Dec-33 1-Jan-34 Ei % 31-Dec-34 1-Jan-35 124% 31-Dec-35 1-Jan-36 127% 31-Dec-36 I-Jan-37 129% 31-Dec-37 1-San-38 132% 31-Dec-38 1-Jan-39 135% 31-Dec-39 I-JSn40 1370/6 31-Dec-40 I -Jan-4 I 140% 31-Dec-I 1-Jan-42 143% 31-Dec42 1-Jan-43 146% 31-Dee43 I -Jan-44 149 % 31-Dec-44 1-Jan-45 152% 31-Dec45 LJ,d'r••;u ISS% 31-Q5j 1-Jan-47 158% 31-Dec4) wan48 161% 31-De 1-Jan-49 164% 31-L/K -JailwjU ,t /o 31-Dec-50 1-Jan-51 171% 3 l -Deo-51 1-Jan-52 174% 31-Dec-52 1-Jan-5 3 178% &,rr<.�P. 1w 2045 Development ted Assessed ValN�' $0 $0 $0 SD $0 s0 s0 so $0 $Q $o s0 $0 $0 $0 s0 $0 $0 $0 $0 $0 so $194;583 935 S1�5 475,613 $2i,' „445,126 ��06,494,028 .s210,623,9A $214,836,387 $219,I33,115 S223,515,777 2046 Development i�� $0 SD $0 $0 $9 Su $0 A SO $D $0 k $0 $0 ;Q $0 So $0 $0 $o $198,475,613 $202,445,126 1 06,494,028 10,623,905 $214,836,397 $219,113,115 $223,515,777 2047 Development project{ Assgs§ed Vohs' $0 $o $0 $o 1$0 Sri $0 0 $0 $0 $0 $o $0 $0 s0 $0 s0 SO $D $0 $0 S171,617,174 $175,049,517 1178,550,508 $182,121,518 $185,763,948 $189,479,227 Total Projected 2048 Development 2049 Development Assessed Value ��gjected Assessed Value" Projrr4 -`,s, r yalue' At Buddout $0 ;t $0 so $a $o $0 $0 SD SO $0 $0 $0 '114 so S so $0 $0 $0 $0 $0 SO $0 $0 $o �b $0 $0 $0 $0 $0 SO SO $0 $0 $0 $0 a0 $0 $0 $0 $0 $0 $0 l� $0 SO $0 $0 $0 $0 so $0 $0 $0 $0 $0 $0 $0 $D �L $0 $194,593,935 $0 $0 $396,951,227 SO SO $576,507,425 g 169,107,163 $0 $757,144,736 S I72,489,309 w 1. ia� ,839 14��9,439,470 $175,939,092 $160,294,876 S948,028,260 $179,457,874 S163,500,771 $966,988,825 S193,047031 S166.770,789 $986,328,601 rAccording to the Parker County Appraisal Dismct and Tarram Cuunry APNrarsai uisinct pmperry is assessed as of January 1 annuallythrong construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction - tAssumos an annual inflation factor of 2.0%. 'S1&xlubrtC-1212, �Sm Exhibit C-1.22.2. 'See Exhibit C-113 2. 6See Exhibit C-1.24.2, 7See Exhibit C-1.25.2. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit L-:z,o. I : rromected Assessed Value - All I -and Uses - Develo meat Years 2050-2051 - Summary Development 2.0% Total Projected Year Assessed Inflation 2050 Development 2051 Development Assessed Value Ending As Oe Factor2 Projected Assessed Value' Projectea Assessea Value' At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 31-Dec-24 l-Jan-25 102°% $0 $0 $0 31-Der25 I-Jan-26 104% $0 $0 $0 31-Dee-26 I-Jan-27 106% $0 s0 $0 31-Dec-27 I-Jack-28 1080/0 $0 $0 $0 31-13ec-28 I-Jan-29 110% s0 $0 $0 31-Dec-29 I-Jan-30 113% $0 $0 $0 31-Dec-30 I-Jan-31 115% SO $0 $0 31-Dec-31 I-Jan-32 117°% $o $0 s0 31-Dec-32 1-Jan-33 120% 50 SO $Q 31-Dec-33 1-Jan•34 122% $0 $0 $0 31-Dec-34 l-Jan-35 124% $0 $0 $0 31-Dec-35 1-Jan-36 127% $0 $0 $0 31-Dec-36 1-Jan-37 129% $0 $0 $0 31-13ao-37 1-Jan-38 132% $0 $0 $0 31-Dec-38 I-Jan-39 135% S0 $0 $0 31-Dec-39 1-Jan-40 1370/6 $0 $0 $0 31-Dec-40 1-Jan-41 140% SO $0 SO 31-DW4I 1-Jan-42 143% $0 $0 $0 31-Dec-42 1-Jan-43 146% $0 $0 $0 31-Dec43 I-Jan-44 1490% $0 $0 $0 31-Dec44 1-Jan45 152% $0 $0 S0 31-Dec-45 1-Jan-46 155°% $0 $0 $0 3i-Occ-46 I-Jan47 158% s0 s0 SO 31-Dac47 l-Jan-48 161% $0 $0 $0 31-Dec48 l-Jan-49 164°% s0 $0 $0 31-Dw49 I-Jan-50 1671% $0 $0 N 31-Dec-50 1-Jan-51 171% $198,835,221 s0 $198,835,221 31-Der51 i-Jan-52 174% $202,911,926 $176,414,288 $379,226,214 31-Dec-52 l-Jan-53 178% $206,868,164 S179,942,574 $386,810,738 31-Dcc-53 Wan-54 191% $211,005,528 $183,541,426 S394,546,953 31-Dec-54 I-Jan-55 195% $215,225,638 S187,212,254 $402,437,892 31-Dec-55 I-Jan-56 188% S219,530,151 $190956.499 $410,486,650 31-Dec-56 1-Jan-57 192% $223,920,754 $194,775,629 $418696,383 31-Dec57 Wan-58 196% $228,399,169 $198,671,142 $427,070,311 31-1)ec-58 I-Jan-59 200% $232,967,152 $202,644,565 $435 611,717 31-Dec-59 1-Jan-60 204% $237,626,495 $206,697,456 $444,323,951 31-Dec-60 1-Jan-61 209% $242.379,025 S210,831,40 $453 210,430 31-Dec-61 1-Jan-62 212% $247,226606 $215,048,033 $462,274,639 31-Dec-62 1-Jan-63 216% $252,171,138 $219,348,994 $471,520,132 at-Dec-63 I-Jan-64 221% $257,214,561 $223335,974 $480,950.534 31-Dec-64 1-Jan-65 225% $262,359,852 $228,210,693 $490,569,545 31-Dec-65 Wan-66 2300% $267,606,029 $232,774.907 $500,380,936 31-Dec-66 1-Jan-67 234% $272,958,149 $237,430,405 $510,388,555 31-Dec-67 I-Jan-68 2390/9 $278,417,312 $242,179,013 $520,596,326 31-Dec-68 1-Jan-69 244% $283 985 659 .,I „ U«, :, $531,008.252 31-Dec-69 I-Jan-70 249% $289,665,372 $251,963,045 $541,628.417 31-Dec-70 l-Jan-71 254% $295,458,679 $257,002,306 S552,4%986 31-Dec-71 1-Jan-72 2590/. $301,367,853 $262,142,352 $563,510,205 31-Dec-72 I-Jan-73 264% S307395,210 S267,385,199 $574,780,409 31-Dec-73 1-Jan-74 269°% . $313,543,114 $272,732,903 $586,276,019 31-Dec-74 1-Jan-75 275% $319,813,976 $278,187,5151 $598,001,538 31-Der-75 I-Jan-76 280% S326,210,256 S283,751,313 $609,961,569 31-Dec-76 1-Jan-77 286% $332,734,461 $289,426,339 $622,160,900 31-Dec-77 I-Jan-78 291% $339,389,150 $295,214,666 $634,604,016 31-Dec-78 I-Jan-79 297°% $346,176 933 $301,1t9,163 S647,296,096 31-Dee-79 1-Jan-80 303% ' -, 1 $307,141,546 $660,242,018 31-Dec-a0 I-Jan-81 309% $360,722,412 S313,284,377 MurAap, Ina • _ lAccording to the Parker County Appraisal District and Tarrant County Appraisal Di r.` . , 1. ..as afJanuary I annually During consauc6on, the assessed vatuc represents the portion of the building completed as of January I Assumes no assessed vOot dud ng construction 2A J mt3ation factor of 2. 0%. ;See Exhibit C-1.26.1. 'See Exhihit C-1.27. 1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.6.2: Projected Assessed Value - All Land Uses - Development Years 2050-2051 - Tarrant County. Total Projected Development 2.0% Inflation 2050 Development 2051 Development Assessed Value Year Assessed As Of Factor' Projected Assessed Value' Projected Assessed Valuea At B$u0'ildout Ending $0 31-Dec-23 1-Jan-24 100%/° $0 $0 31-Dec-24 I -Jan-25 102% $0 $0 $0 31-Dec-25 1-Jan-26 104% $0 $0 $0 31-Dec-26 1-Jan-27 106% $0 $0 $0 31-Dea-27 1-Jan-28 108% $0 $0 $0 31-Dec-28 1-Jan-29 110% $0 $0 $0 31-Dec-29 I -Jan-30 113% $0 $0 $0 31-Dec-30 1-Jan-31 115% $0 $0 $0 31-Dec-31 I -Jan-32 117% $0 $0 $0 31-Dec-32 1-Jan-33 120% $0 $0 $0 31-Dec-33 1-Jan-34 122% $0 $0 $0 31-Dec-34 i-Jan-35 124% $0 $0 $0 31-Dec-3 5 1-Jan-36 127% $0 $0 $0 31-Dec-36 1-Jan-37 129% $0 $0 $0 31-Dec-37 I - Jan-38 132% $0 $o $0 31-Dec-3 8 1-Jan-39 135% $0 $0 $0 3 I -Dec-39 1-Jan-40 137% $0 $0 $0 31-Dec-40 1-Jan-41 140% $0 $0 $0 31-Dec-41 1-Jan-42 143% $0 $0 $0 31-Dec-42 I -Jan-43 146% $0 $0 $0 31-Dec-43 I-Jan-44 149% $0 $0 $0 31-Dec-44 1-Jan-45 152% $0 $0 $0 31-Dee-45 I-Jan-46 155% $0 $0 $0 31-Dec-46 1-Jan-47 l 5 8% $0 $0 $0$0 31-Dec-47 I-Jan-48 161 % $0 $0 31-Dee-48 1-Jan-49 164% $0 $0 $0 31-Dec-49 1-Jan-50 167%/0 $0 $0 $160,$0 876 31-Dec-50 1-Jan-51 171% $160,294,876 $163,500,773 $137,103,136 $300,603,910 31-Dec-51 1-Jan-52 174% $166,770,789 $139,845,199 $306,615,988 31-Dec-52 I-Jan-53 178% MuniCap, Inc. 'According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January I annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. 'Assumes an annual inflation factor of 2.0%. 35ee Exhibit C-1.26.2, 4See Exhibit C-1.27.2. �nNaaea�NyBya'fla7'��m�S�ua��m v q C w w H 4 4 H H N k w Si M iYh N N M A M N A� s N w w w M w H w N w N w H w H w w w w w N ✓' w w N N N N N� N N N� w } TT M? A b h pWa 0 0 M oo N v .n b h �SwHHHw$�'.ww$a.�.a.9�5i��'�.n�w3.4iRw$xn��C:,�rco, N wK az wa'aK 4 y.NMea�NN �-a-------�s�$�� w c Hww N wN MMw w w NNN w w Hie HNNwHwiXwN y' c$ ,n„-1^-°�a$,anNe.=. ;tf.l'_�nn..�'.'ia a -1 F3w8g^ar=�r� .c d "'www�aa n ciwwwirn���n i,ww.n `ci�`�w�a"wLi"L'F."wL"ww:,� S rv�oM��M13M13 Asa:^< m �� n AA$�ag',� M.„;`.P" ny��_r�w�r2�:.c..$$aH.x ' wNM wN N MN iiHa_N S!i M Y9AF^nNHN M [aSMM f �i N w w' C aQ =:fix M'�nnR�x�o="� �a�ra��w�sws »w� ng -c �n ,e���w .i$$wM«H nB i%$8�i%2�waZa r s ,�� y�c$a3 f..`Jn va�v �3nnr'ti`ao a�8��`-n`'i.`�e"v`�1'r��'nnnnS`ennvn s I- IM N�M�MM�M� 5a9� a�S99�4514 4-S"a5a�i55�5��5��9 �a B �Praf�"�gg� �88`ViBtl198,, a' it ; APA��o�Sg�. H �F EXHIBIT D-1.1 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - CITY OF FORT WORTH f/ A, , Reiti-lmenr Zane Number S'irteerr Fort Word,, Terns (14eu1e Raneh) E,d7hrt D-!.! P,n.wed InUCmut Assessed Value & lr retrlental Real PrOcer19 Taxes Avail Ie r TIRZ OUtf!WQrq D ,-k4m,att Year As -ld RR%� As 9 3 -Dr13 1-h-24 31-1)ec-24 1-Jeo-25 314) -25 31-D-26 31-DI -27 31-Ik-28 31-D -29 31-D-30 3143 -31 31-D--32 31.13-33 3143a-34 31-13-35 31-D..36 31-Dm37 31-Dac.-38 314)-39 31.13.x'-40 31 p5r-41 31-Dw-42 31-D.A3 31 D.,l 31-D1c45 31-Da-d6 3617.47 31-Dao-49 31-Dee49 31-Da-50 31dhv51 31-D-52 3l-Dm-53 31-F-54 31-D-55 31-Dm 56 3t-De 57 31-Dea-59 M ZW1 59 31-Dec-W 31-oac 61 31-Dw-62 3 43-63 31-Ds-4 31-Dm-65 31-D-5 31-Dr 67 31-Dan-68 31-Der 6,69 31-1) -70 31-D-71 31-Des-72 31-Da1-73 31-D-74 3i-Dh 75 31-D -76 32-De 77 31-Dec-78 31-D-79 3F-13a:-90 V-D") 31-Des-82 31-DOIS3 3l-D.,fl4 31.DW-85 3143-96 31-D.,87 3I-D--98 31-Dec439 31-➢ar911 31-I3sc-91 31-Da-92 3140".93 31-➢n-94 31-D-95 31-0-'m 31-Ds-97 31-13ec-98 31-D -99 31-0--(X) 31-Dss-61 31-D-02 31-Dec.03 31-13a434 3i-Da%05 TIN&I I-lea-26 I -Jan-27 I-1ao-28 1-Jan-29 I-Jm-30 1-Jan-31 l Jan•32 1-Jan-73 IJen-34 1-1an-35 I-Ja 36 1-1an-37 1Jm138 i-Jan-39 1-1-43 I Jan41 1-1-42 f-Jan43 1 Jan-44 I -Ian 45 1-34a46 1-1-47 I-Jao48 1-1 49 1 Jm-50 I-Ian-51 ]-imr-g2 I-Ian-53 1-Jaa-54 I -Jan-35 1-1m-56 1-laa-i7 I-J-58 I-Jaa-59 1-3-6() I -lan 6l IJav-62 I Jan6] 1 J-61 I.J=-65 1-J4m66 1 -Jaa67 I J--69 1 Jmr70 1-Jan-73 IJ -72 I Jan-73 1-J-74 1-J--75 1 1>m-76 1-J-77 1-J -78 1 Jen-79 1 Jaa-W 1-i-m l 1-1 81 I -1-33 IJ -84 I-1.w-83 1-J--M 1 Jan417 I Jaa88 1-.1 -89 1-JmF-90 1-J. 91 I Jan-92 14-93 1-1-94 I Jan-95 1 Jan-96 Jan.97 IJur98 Jm-99 1-J--M 149"2 I.1 03 I Ja.04 1 Jan-0i I -J-06 lnnauun 1-1 Fol-d ♦•-L-I.A F.' Axc-+cd Val-: Hue Value' Itxaeaenral Value l00% iQ (Ss TmS nl) s0 102% $c ;V.256,331) SO 104% S164,441640 IS5,25633[) $159,185.309 106% S37407,981 IS5.256331 y 5368 N31650 109% S733,175,525 (SS,2 6 31t S727,959,194 110% $1.151. 176,804 $5-56,3111 $1.145,920.473 113% 11,628,303,269 1fS,2%.3315 41,623,046,929 115% S2,124.054.302 ($5.256311} S2,118,797.971 117% S2.63$.984,065 (S5,25031) S2,637 727.734 ISO%: S3,173,661,397 I$3256.331, S3,168,405p66 122% $3.728.670,229 ($s.2563311 S3,721,413,1198 124% S4304Eo9,949 ($5.256331) S4.299,353,618 127% 34,902,095,790 (S5,256,331) 34,896,839.459 129% S5,521,159,221 155.256.3311 $5,516,502,890 132% S6,164,248,351 4315031) S6,15S,99ZO20 135% S6,830.724,142 ISS_256,3311 $6.924,972,011 137% $7,520, IJU3 (15.2%331) $7,515.125.502 140% S8,2u5,672,465 (S5,256J31) S8,200.416,134 143% S8,914,635,307 (S51S6,33i} S8,W9,375.976 146% S9.104,769,240 If5.25633L S9,399,512,9U9 149% $9,910.942,676 (111S.M.331) $9.1)M $6,345 157% S1o.377727.618 (25,256,331) $10,372,471.287 155% $10,859,219.MD (SS,2K331) 910,953.963,249 158% S 11,355,820,130 ($3256,331i S11,350,563, 199 161% $11,S37,113,062 (35;25 331j $11,931,856,731 VA% S12,327,173.029 ($3.256331) $i2,321,916,698 167% S12,768,652,981 (55,256333) $1z763,396,650 Ili% $13,222,961,262 1$5,256„31,, $13.217,60,931 174% $13,663.732.775 (S5,2S6,331I S13,658,476,444 178% S13,937,007,431 1$5.256.33I S13931,7i I,IW 181% 314,215,141,590 (S5,2K!)N) 514.410.491.249 185% S 14.500.062,531 i55.156331) $14,494,806200 IW% $14,492, W.512 (53,149,70E) S14,487050,512 192% S 14,409.256,460 14970.S751 S14A03.295,586 196% $14059,536;379 (S4,1Ci6316) $14,054,430,063 200% $13,610,136,566 1S4435.737) SI7605,7001833 204% $13059,794.714 (14,160,331) $13.055.634,383 2D9 % $12.48199i,134 (33N949Ni S12,478,110.205 212% SI 1,875.859,652 (S3,609527) SHA72,250,126 216% S11240.485,954 (33,334,124, S11237, 151.829 221% SIQ,574,946;963 (13,06Se722) 510.571mR,24i 225% S9,878,2902I8 (31,783.32ll) $4.875506,899 230% S9,149517325 ($2507A15) $9,)47029.304 234% S8,317692,796 tf223z515) SS,385,450,281 239% 57,591094375 (TI,9S7,1 E3) S7.59%737,262 244% 56,760511.344 (11.681.711) $6,753,925.61) 249% S5.893.044314 (51,406.309) 55,891,638,006 2i4% S5,U42038,691 (51,169,7031 S5,040,868.988 259% $4,155,950.206 (1933097) S4,155.02),1o9 264% S3,674,222,192 (5806,5m) S3613,41i,681 269% $3,111,552;273 (36793(23) $3,170,872,)49 275% 52748.513A2] fSi78409) S2,747,934,615 290% 52.307,283,582 (5476,893) S2,306,S06,689 286% SIN47,305,559 (f375,3781 $1,846.930.181 291% $1,423,846.069 (f285,9)t) 1IA23.360.157 297% S`N3,473.030 ($X2469) $993270 5611 303% 5660,242038 (S(23.647) S660,118,172 3m $313,284,377 ($45224) $313,239,153 315% s0 (55,25633I) m 322% SO (S5256}31) $0 323% SO ($3,256,331) 30 335% s0 ($5,256,311 t SO 341% SO (S5,2S6,331) $0 149% SO t55236.1311 so 355% $0 .(15,236.331) W 362% 30 IS3.256.331) f0 369% $0 ($335d,33!) 30 177% $0 4313(,331) SO WV. S0 (S5i256331) SO 392% 30 155r56,131) SO 4DD% $o ($31266,333) $n 409% s0 W.M131I 30 416% SO (55,236,))1) s0 424% SO (S5256331) S0 433% SO ($5,256131) $D 442% SO (55256,331) SO 450% $0 ($52563313 m 419% So (S5,230311 SO 469% SO (55,256,331) SO 478% so (55256.331) $a 488% so (53156331) so 497% Sn ,55,2563311 SO Sam $D (55.266331) So Cal of Fait WatR Rm1 Pmp� Tax R.I. (P. SI00 A V )� 30.672500 so 6725M 50.672500 $0 672500 $0672500 50.6725D SO.672500 S0.672500 10.672WO SO 672500 S0:6725W $06725U0 $0.672500 $0 6725W $0.6725W SO.67251M) $0.672500 $0 6725W S0.672500 SO 6725M $0.672$W SO 6725W $0-672500 $0 6725M $0,672500 $0.672500 SO.672500 SO.6725W SD.672500 $067251x) $0 672500 SO672500 S0 672500 SO 672501) S0.672300 $4)6725GO 56,672500 S0.6725W $0.672500 SO,672500 S4672500 $06725W $0.672500 SO.672500 SO 6725M $0 672500 SO.6725W SO 67250(1 SQ6125W So 6725(4) $0.672SCO SO.672500 S0.672500 SO 6725OU 30.672500 SO 6725110 $1672500 SO.672500 20.672SOO SD 672300 30 67250n $O 672500 SO-6725W S0.672500 50.6725W 50,6725W W1672500 SO 6725W $DA72500 S0 6725M Sn672500 S0 672500 S0 672500 SO 672MO SD-672SOO SO 6725M SO 672W SO 6725W .$0.672500 SO 672500 $0 6725M SO 6725W SOA72500 T.w Incttx)xiW Tm F-- so SO SI,070,521 $2,480,393 S,I8M.257 S7706.315 S 10,914,"ll $14,249,916 $17.711,819 521,307,524 525,039.959 S28,911,153 132,931,245 S37098,482 S41,419,221 S45 697,937 =539,219 S55,147,798 S59,9E5,574 S63.211 724 S66,613.741 $69,754,869 372,99z903 S76,332,542 S79,569,237 $82.864ASMI $85.833,842 SMAM i93 $91,953.254 S93,691,026 VIi,565,554 $'97.477.572 197,425,417 $96.962,096 $94,518,732 $91.498,338 S87,799,141 S83.915,291 579.W.882 f75,569,946 $71,09S,948 $66,412,794 S61,513,772 S56.392.153 S51 p40,9a3 S45,453.129 S39,621,2% $33,999.944 $27,942557 S24 703,720 $21,324)17 S18,479,960 $15.513,275- SF2.4211605 59,57),442 S6,679,745 S4,439,295 S2,106.533 $0 i0 so s0 $O SO $0 so s0 i0 So so so so so SO SO so s0 $D SO SQ s0 $0 $2.797 932,642 Pnean Taal A-Mble A-1-1,lc for Inctmta11e1 TIR% 0bllgpiwal 63. 65.DOeh 653 D% 65.00% 65.OD% 65 OD% 65,OD% 65,00% 65.00% 65.00% 65,00% 65 00 65,OD% 65 Mp , 65 00% 65 00% 65.00)S 65.00% 65.W% 6$ IX1% 65.00% 65 00% 65.OD% 65 00% 65.00% 65.00 65.W% 6500 % 65.0t3% 65.0(rA 65.00% 65 OO'1e 65.W% 61 0[We 65.00% 65.00% 65,WK 65.OR% 6500% 65 t)1. 6S.D0% 65.00% 65.00% 65 QO% 6S.00% 65.0fW 65,00% 65 OD% 65.00% 65.00% 65.00% 65.00% 65A0% 6500% 65.00% 65.00% 65.0039 65 0D% MAD% 65 00% 65.W% 65.00% 65.00% 65.DD% 65.00% 65 Ou% 65.00% 65.00% 65.00% 65 QO% 65.W% 65 00% 65.00% 65 00% 65 W% 6$ M96 65.00% 65.0( 65.00% 65 MA 65.00% 65.00% 65.00% Ta.S Rn.dsacs SD SO $695139 S1612.255 $3.111,917 S53109,105 57094,744 S9,26i.796 S11,512,682 S13 N49,891 $16,275,973 S18,793,550 $21,405.309 $14.S 14 013 526,922,494 S29,933.659 $32.=,492 $15.VA6.069 SAW 12-3 S41,087,621 $43.300.211 $45.340.665 S47,445387 $49,616,152 SSE.720,)04 553 �2,i79 155,791y98 S57,777,456 $59,704.615 Sfi0.899,167 S62.117,610 f63 360,422 $63326521 S62,960,362 S61,437,176 559.473,920 $57069.442 S54,544,939 SSIA%.573 S49,120,4W 146,2i2,366 $43,169,310 539.953.952 $36,654 9W S33,176,639 S29.544.534 $25,753.123 522,034,899 S1R162662 S 16,057.418 $13,11W.676 S UPI IMW 510,0:3.629 S9,073.394 S6Z22,737 S4,341.834 S2.895.542 $1 369 247 SD ul $o so SO SQ s0 30 $0 i4 s0 SO SQ SQ SO so S0 SO s0 SO SO SO SO $0 $1,813.636.218 .IfwC',m, fac. '�s�vp dv.pima.�,rre:'_d[L4_(FF7EYA4'w.a.7:�W�i'm4lte,a#7IRZF .l .- .,.V. ,_- 'I',.daA�71R2'Fm •---'--- PnyxcM.Ya 30.s1a11->N1BI7'D-!.1 J3Jw14 �Avurca m-J. e3a[e lmu,. 2.Pe. 'Sea F.xhitit C-2.7.1. 'See Fxh'bi1 l{ TNe TiP.2 pn,penyin the ETl of the Cin,,fnm, ma me eercmenry uxcaurolamoxe4 inn aw C'iry '9aprcrntu ,I,u Cny,MFcn wonn,� We9e,9 tut ,ate 6 me )mr 3'23 Svu,ce: Trran C-y Tar Axxnnrl: I-e 'A�mrs65�. the �aeo�lea n,s..ss ve,e.>o).lie (u 4.e ,ep.ygeof TllU oHgriaa EXHIBIT D-1.2 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY Reinvestment Zone Number Sixteen Port Worth, Texas (Vaale Ranch) Exhibit D-1.2: Projected Incremental Assessed Value & Incremental Real Property Taxes Avatlaple tor (Ile City City of Development Fort Worth Real Total Percent Total Available Yew Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental Ending As of Factor; Assessed Value' Base Value; Incremental Value (Per S [00 A.Vy'' Tax Revenues _ to the City' Tax Revenues 31-D=-23 I-Jan-24 100% so (S5,256,331) $0 $0.672500 $Q 35.00% $0 .I-Dec-24 I-Jan-25 102% SO {55,'_56.331) so $0-672500 SO 35.00% $0 31-Dec25 I-Jaa-26 104% $164.441,640 (S5,256,331) $159,185,309 $0.672500 $1,070,521 35,00% $374,692 a]-Dee-26 1-Jan-27 106% S374,087,981 M.256.331y S368,831,650 $0.672500 S2,480,393 35.00% $868,137 31-Dec-27 I-Jan-28 108% $733,175,525 ($5,256,331) S727,919,194 S0.672500 S4,895,257 35.000/. $1,713.340 31-➢ec-28 I-Jan-29 110% $1,151,176,804 (55.256.331) S1,145,920,473 $0.672500 S7,706,315 35.001/. S2,697,210 31-1ec-29 1-Jan-30 113% $1628.303,260 ($5,256,331) $1,623,046,929 $0.672500 $10,914,991 35.00% $3,920,247 31-Dec-30 I-Jan-31 115% $2,124,054,302 (85,256,331Y 52,118,797,97[ S0-672500 $14,249,916 35.00% $4,987,121 31-Dec-31 Wan-32 117% $2,638,984,065 (55,256,331y $2,633,727,734 $0.672500 $17,711,819 35.00% $6,199,137 31-Dec-32 I-Jan-33 120% $3,173,661,397 (S5,256,-,,I S3,168,405.066 $0.672100 $21,307,524 35.00% S7,457,633 31-Dec-33 1-Jail-34 122% $3,728,670,229 (S5,256,331) $3.723,413,998 $0.672500 $25,039,958 35.00% $8,763,985 31-Dec-34 I-Jan-35 124% $4,304,609,949 (S5,256.331) $4,299,353,618 $0.672500 S28,913,153 35.00% S10,119,604 31-Dec-35 1-Jan-36 127% S4,902,095,790 ($5,256,331) S4,896,839,459 S0,672500 $32,931,245 35.00% $11,525,936 31-Dec-36 Wm-37 1291% $5,521.759,221 (S5.256.331) S5,5[6,502,990 $0.672500 $37,098,482 35.00% $12,984,469 31-Dec 37 1-130-38 132% $6,164,249,351 ($5,256,331) $6,159,992.020 $0.672500 $41,419,221 35.00% $14,496,727 31-Dec-38 1-Jan-39 135% $6,830,228,342 ($5,256,331) S6,824,972,011 $0.672500 $45,897,937 35.00% S16,064,278 31-Doc-39 1-Jan-40 1371Y. $7,520,391,833 ($5,256,331) $7,515,125,502 $0.672500 $50,539,219 35.00% $17,698,727 31-Dec;40 I-Jan4l 140% $8205672,465 ($5,256,3311 58,200,416,134 $0.672500 $55,147,798 35.00% S19,30t,729 31-Dec-41 1-Jan42 143% $9,914,635,307 (S5,256831) S8,90%378,976 S0.672500 $59,915,574 35.00% $20,970,451 31-Dec42 1-Jan43 146% $9,404,769,240 (S5,256,331) S9,399,512,909 50.672500 $63,211,724 35.00% 522,124,104 31-Doc-43 1-Jan44 149% S9,910,942,676 (S5,256,331) S9,905,686,345 $0.672500 S66,615,741 35.00% $23,315,509 31-Dec44 1-Jan45 l52% St0,377,727,618 (S5,256,331) S10,372,471,287 $0672500 $69,754.869 35.00% S24,414.204 31-Dec-45 I-Jan46 t55 % $10,859,219,590 ($5,256,331) $10,851,963,249 S0.672500 S72,992,903 35.00% S25,547,516 31-Dec-46 I-Jan47 158% $11,355,820,00 (S5,256,331) $11,350,563,799 S0.672500 $76,332,542 35.00% S26,716,390 31-Dec47 1-J2n-48 161 % $11,837,113,062 ($5,256,331) $11,931,856,731 S0.672500 $79,569,237 35.00% $27,949,233 31-Dec-48 I-Jan49 164% S[2,327,173,029 ($5,256.3311 $12,321,916,698 $0.672500 $82,864,890 35.00% $29,002,711 31-Dec-49 l4an-50 167% $12,768,652,991 (55,256,331) S12,763,396,650 S0.672500 S85,833,842 35.00% $30,041,845 31-Dec-50 1-Jan-51 171% $13,222,861,262 ($5,256,331) S[3,217,604,931 $0.672500 $88,888,393 35.00% S31,110,938 31-Dec-51 I-Jan-52 174 % S13,663,732,775 (S5,256,331) $13,658,476,444 S0.672500 $91,853,754 35.00% S32,148,639 31-Dec-52 I-Jan-53 178% $13,937,007,431 (S5,256.331) S13931,751,100 $0.672500 S93,691026 35.0056 $32,791,859 31-Dec-53 1-Jan-54 181% $14,215,747,580 ($$.256,331) $14,210,491,249 $0,672500 S95,565,554 35.00% $31,447,944 31-Dec-54 I-Jan-55 185% $14,500,062,531 (S5,256.331) S14,494,806,200 S0.672500 S97,477,572 3500% $34,117.150 31-Dec-55 I-Jan•56 188% $14,492,200,512 ($5,149,701) $14,487,050,912 $0.672500 S97,425,417 35.00% S34,098,896 31-Dec-56 I-Jan-57 192% $14,408,256,460 (S4.970.875) S14.403,285,586 $0.672500 $96,862,096 35.00% $33,901,733 31-Deo57 1-Jan-58 1961/. $14,059,536,379 (54,706,316) $14,054,930,063 $0,672500 S94,518,732 35.00% S33,081,556 31-Dec-58 I-Jan-59 200% S13,610,136,566 (S4,435,733) $13,605,700,9321 50.672500 $91,499,339 35.00% $32,024,418 31-Dao59 1-Jan-60 204% $13,059,794,714 ($4,160,331) $13,055,634,383 $0,672500 S87,799,141 35.00% S30,729,699 31-Dec-60 I-Jan-61 208% $12,481,995,134 (S3,884,929) $12,479,110,205 50.672500 S83,915,291 35.00% $29,370,352 31-Dec-6l I-Jan-62 212% S11,875,859,652 (S3,609,527) $11,872,250,126 S0.672500 $79,840,882 35.00% $27,944,309 31-Dec-62 Wan-63 216% $11.240,485,954 (S3,334,124) S11,237,151,829 $0.672500 S75,569,846 35.00% $26,449.446 31-Dec-63 1-Jan-64 221% $10,574,946,961 (S3,058,722) S10,571,888,241 $0.672500 $71,095,948 35.00% $24,883,582 31-Dec-64 1-Jan-65 225% $9,878,290,218 (S2-783,320) $9.875,506.899 SG672500 S66,412,784 35-00% S23,244,474 31-Dec-65 I-Jan-66 230%n $9,149,537,225 (S2,507,918) $9,147,029,308 50.672500 $61,513,772 35.001% S21,529,820 31-Dec-66 I-Jan-67 234% $8,387,682,796 (52,232,515) $8,395,450,281 $0,672500 $56,392,153 35.00% $19,737,254 31-Dec-67 Wan-" 239% $7,591,694,375 (S1,957,113) S7,589,737,262 Wk72500 $51,040,983 35.00% S17,864,344 31-Dec-68 Wart-69 244% S6,760,511.344 (S1,681.711) S6,758829,633 $0.672500 S45,453,129 35.00% $15,908,595 31-Dec-69 I-Jan-70 2499/. S5,893,044,314 ($1,406,309) $5,991,638,006 S0.672500 S39,621,266 33.00% S13,867,443 31-Dec-70 I-Jan-71 254% $5,042,038,691 ($1.169,703) $5,046 868,988 S0.672500 $33,899,844 35,00% $11,964,945 31-Dec-71 1-Jan-72 259% $4.155,960,206 (S933,097) $4,155,027,109 $0,672500 $27,942,557 35.00% S9,779,895 31-Dec-72 1-1an-73 264% $3,674,222,192 (S806,510) $3,673,415,681 $0.672500 S24,703,120 35,00% S8,646,302 31-Dec-73 Wan-74 269% S3,171,552,273 ($679,923) $3,170,872,349 $0.672500 $21,324,117 35.00% $7,46.3,441 31-Dec-74 1-3an-75 275% S2,748,513.023 (S578,408) S2,747,934,615 $0.672500 S18,479.860 35.00% S6,467,951 31-Dec-75 [-1an-76 280% S2,307,283,582 (S476,8%) $2,306,006,699 $0.672500 $15,513,275 35M% $5,429.646 31-Dec-76 l-Jan-77 286% $1,847,301,559 ($375.378) $1,846,930,181 S0.672500 $12 420,605 35,00% S4,347,212 31-Dec-77 I-Jan-78 291% S1,423,846,069 (S285,911) S1,423,560,157 S0.672500 $9,573,442 35.00% $1,350.705 31-➢ec-78 [-Jan-79 297% $993.473,030 (S202,469) S993,270,560 S0.672500 S6,679,745 35.00% $2,337,911 31-Dec-79 1-1an-80 303% $660,242,019 (S123,847) $660,119,172 S0.672500 S4,439,295 35.000/a $1,553,753 3l-Dec-80 I-Jan-81 309nA S313,284,377 (S45,224) $313,239,153 $0.672500 S2,106,533 35.00% $737,287 Total )vf/y i T6.425 Muni['ulr, Inc. munrmp.rhurepovel com-irles;111.S1 ifrYrfrt•.tGa'r¢xasrFnrr Warlh T'eefe Rancfr77RZ1irsr�[mrndmenf/ProJeerlons/JVeale Xaneh TlRZFIrsrAmendmenr ProJeefion No. S, O.rfssJtiX/lIBIT!)-1.7.A 13✓mr14 'Assumes an annual Vnfiatian Cactar d 2,0%. 'See Exhibit C-7 7 1 'See Exhibit H, The TIRZ property mum crs o, ux may, a mry, a u,.ms gemane city rs es uniu arInctea Into me tm. 'Rcprascrosts the 0q of Fort V ,, . r ,-.: . t. r,i, ., .._..- Sou=. Tarrant Cm .; _.:.,.::,.tini {Callector. 'Assumes 35%S1x .. , .. ,venues arc acmmum rm rctum wshe City, NMI 1 011111�i fir_ EXHIBIT D-1.3 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY AFTER RELEASE FROM THE TIRZ Reinvestment Zone Number Sixteen Fort Worth. Texas (Veaue Ranch) Exhibit D-13: Proiected Incremental Real Prooerlv Taxes Available for the City after Release from the T1RZ City of Development Fort Worth Real Total Percent Total Available Year Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental Ending As of Factor' Assessed Value'' Base Value' Incremental Value (Per $l00 A,V.)' Tax Revenues City5 Tax Revenues`' 31-Dec-23 I-Jan-24 100% so ($5,256,331) 50 SO.672500 S(1 1DD.001/. So 31-Dec-24 €-Jan-25 102% $0 ($5,256,331) $0 $0.672500 $ti 100.001/6 $0 31-Dec-25 I-Ian-26 104% $0 ($5,256,331) $0 $0.672500 SO f00.00a/a so 31-Dec-26 I-Jan-27 l06% $0 (S5.256,331) $0 $0,672500 $0 100.001% $0 3I•Dec-27 I-Jan•28 108% SO (S5,256,331) $0 S0.672500 SO 100.000/ $o 31-Dec-28 I-Jan-29 110% SO 1S5.256,331) SO $0.672500 SO IOQDD% $0 31-Dec-29 I-Jan-30 113% SO (S5,256,331) SO SO.672500 SO 100.00% so 31-Dec-30 €-Jan-31 115% $0 ($5,256.331) $0 $0.672500 $0 100.00% $D 31-Dec-31 I-Ian-32 117% $0 ($5,256,331) so $0.672500 SO 100.00o/o so 31-Dec-32 I-Jail-33 120% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-13ec-33 i-Jan-34 122% $0 (55,256,331.) $0 $0.672500 $0 100.000% SO 31-Dcc-34 I-Jan-35 124% $0 (S5.256,331) $0 $0.672500 $0 100.00% SO 31-Dec-35 I-Jan-36 1271% So (S5,256331) $0 SO.672500 $0 100,001/6 $0 31-Dec-36 l-Jan-37 1290% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Detr37 I-Jan-38 132% $0 ($5,256,331) SO S0.672500 So 100.00% SO 31-Dec-38 l-Jan-39 135% $0 (S5,256,331) $0 S0.672500 SO 100.00% SO 31-Dec-39 1-Jan-40 137% SO ($5,256,331) $0 SO.672500 $0 100.001/e $o 31-Dec40 l-Jan-41 140% $0 ($5,256,331) $0 $0.672500 $0 100.00°% $0 31-Dec-4I t-Jan-42 143% SO ($5,256,331) $0 $0.672500 S0 MOM% $0 31-Dec42 I-Jan-43 146% $0 (S5,256,331) $0 $0.672500 $D IM.00% $0 31-Dec:43 I-Jan-44 149°% SO ($5,256,331) SO $0,672500 $0 1D0.000% SO 31-Dec-44 I-Jan-45 152% $0 1$5,256,331) $0 S0.672500 $D 100,00% N 31-Dec45 I-Jan-46 155% $o ($5,256,331) SO $0:672500 SO 100.001/6 so 31-Dec-46 I-Jan-47 158% $0 (S5.256.331) $0 $0,672500 so 100.00% s0 31-Dcc-47 1-Jan-48 161% $0 (S5,256,331) $0 $0.672500 So 100,091/o $0 31-Dec-48 I-Jan-49 164 % $0 ($5 256,331) $0 $0.672500 10 100MI/. $0 31-Dec-49 l-Jan-50 167% SO ($5,256,331) $0 $0,672500 $o 100MI/6 so 31-Dec-50 I-Jan-51 171% $0 ($5,256,331) SO $0,672500 $0 100,00% SO 31-Dec-51 1-Jan-52 174% $0 ($5,256,331) so SO.672500 $0 100.00%, $0 31-Dec-52 I-Jan-53 178% $0 (S5,256,331) SO S0,672500 So 100,1)(M SO 31-Dec-53 I-Jan-54 191%, $0 ($5,256,331) So $0,6725(30 So 100.00% $0 31-13ec-54 I-Jan-55 185% $0 35,256,331) $0 $0,672500 $o 100001/6 $0 31-Dec-55 1-Jan-56 I88% $297,963,270 ($5,149,701) $292,713,569 $0.672500 S1,968,499 100.001% $1,968,499 31-Dec-56 l-Jan-57 192°% $677,608,597 (S4,970,875) $672,637,722 $0.672500 S4,523,489 100.00% $4,523,489 31-Dec-57 1-Jan-58 196"lo S1,328,045,980 ($4,706,316) $1,323,339,663 SO.672500 S8,899,459 100.00% $8,899,459 3l-Dec-58 1-Jan-59 200% S2,085,197,440 ($4,435,733) $2,080,761,706 SO.672500 $13,993,122 100.00% S13,993,122 31-Deo-59 1-Jan-60 204% S2,949,445,972 (S4,160,331) S2,945,285,641 S0.672500 919,807,046 100.00% $19,807,046 31-Dec-60 I-Ian-61 208°% $3,847,430,366 (S3,884.929) S3,843,545,437 S0,672500 $25,847,843 100,CO% $25,847,843 31-Dec-61 1-Jan-62 212•/, $4,780,154,357 ($3,609,527) S4,776,544,831 $0.672500 $32,122,264 100.00% $32,122,264 31-Dec-62 1-Jan-63 216% $5,748,648,336 ($3,334,124) $5,745,314,212 $0.672500 $38,637,738 100.00% $38,637,239 31-Dec-63 1-Jan-64 221% $6,753970,013 ($3,058,722) $6,750,911,291 $0,672500 S45,399,978 100.00% $45,399,978 31-Dec-64 1-Jan-65 225% S7,797,205,097 ($2,783.320) $7,794.421,777 $0.672500 S52,417.486 100.00% S52,417,486 31-Dec-65 I-Jan-66 230% $8,879,467,996 (S2,507,918) $8,876,960,079 $0.672500 $59,697,557 100.00% $59,697,557 31-Dec-66 1-Jan-67 234% $10,001,902,530 (S2.232.5151 $9,999,670,014 $0.672500 $67247,781 100.00% $67,247,781 31-Dec-67 1-Jan-68 239% S11,165,682,657 ($1,957,113) S11,163,725,544 SO.672500 $75,076,054 100.000% S75,076,054 31-Dec-68 )-Jan-69 244% $12,372,013,229 (S1,681,711) $12,370,331,518 $0.672500 $83,190,479 100.00% $83,190,479 31-Dec-69 I-Jan-70 249% $13,622,130,750 ($1,406,309) $13,620,724,442 $0.672500 $91,599,372 100.00% S91,599,372 31-Dec-70 I-Jan-71 254% $14863,439,874 IS I,169,703) S14,862,270,171 $0.672500 S99,948,767 100.00% $99,948,767 31-Dec-71 I-Jan-72 259% $16,147,627,931 (S933,097) $16,146,694,834 $0.672500 $108,586,523 100.00% $108,586,523 31-Dec-72 I-Jan-73 264% $17035.437,708 1$806.510i S17,034,631,198 $0.672500 $114,557,895 100.00% $114,557,895 31-Dec-73 I-Jan-74 2691% S17,952,300,825 ($679,923) $17,951,620,902 S0.672500 $120,724,651 100.00% S120,724,651 31-Dec-74 I Jan-75 275% $18,797,817,137 (S578,408) S18.797,238,729 $0.672500 $126.4[1,430 100.00% $126,411,430 31-Dec-75 1-Jan-76 280°% S19,669,973,181 (S476,893) S19,669,496,288 $0.672500 $132,277,363 100.00% S132,277,363 31-Dec-76 1-Jan-77 286% $20,569,496,339 (S375,378) $20,569,120,961 $0.672500 $138,327,338 MOM% $138,327,338 31-Dec-77 1-Jan-78 291% $21,441,291,868 ($285,911} $2t,441,005,956 $0.672500 $144,190,765 100.W/o $144,190,765 31-Dcc-78 I-Jan-79 297% S22,328967,665 ($202469) S72.328,765.196 SO.672500 $150,160,946 100.00°% $150,160,946 31-Dec-79 t-Jan-80 301% $23,128,647,491 ($123,847) S23,128,523,644 S0.672500 S155,539,322 100.000% $155,539,322 31-Dec-80 l-Jan-81 309"% $23951,382,922 (S45,224) $23,951,337,698 SO.672500 $161,072,746 100.00°% $161,072,746 Taal S7,397,274,372 $7,397,274,372 UmCap. Inc. hrrps-<-municnpshnrepulnLcam: sties -ALLSTAFFrrEXAS'lemsTorr Worlh-Yeale Ram&TIRZFirsl AmendmenrTwjecri"1JYaa1e Ranch TTRZ First Amertdmmi Pro/ecllnn Na_SO.zlsz]ErhIb17 A-1-20 23Jm-2! 'Assumes an annual inflation factor of 2.0% 'See Exhibit C-2.7.1. 'See Exhibit K The TIRZ propemy in the ET) of the Cip,, if mry, %il I not generate city tares until annexed into the City_ Represents the City of Fan Worth real tiwv p tax rale for tax 'year 2023, source. Tarrant County Tar Assrssor-Collector ss 'Aumes W/ the incremental tax revenues are inailable for return to the City after released from TIR7 obli8alions- EXHIBIT D-1.4 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE CITY - SUMMARY Reinveslmenl Zane Number S'i:leen Fan Wor[h, T6i'as (Vmle Ranch) Exhibit D-1.4Prolecled Incremental Real PTOgvty Taxes Available for the City - Summary Dnelopacent Tout Prgecicd Total Projected Total A, ailabk Year Assasscd Inflas'— Assessed Vatu a Available A,=u.d Valuc rakasod Tan E.&I As of Fedor' For TIRZ Q6liaau—' from TIRZ abiwatim' Rim— to the ('it, 31-Dw-23 I-Jeo-24 IW% $0 S0 SO 31-Dec-24 I-Jam23 1021/c So SO Sc 31-OW-25 1-fen-26 104% 3374,682 SO $374,682 31-Dcc-26 1-Jmr27 10 % S866,137 $0 $868,117 31-Dac-27 t-Jan-24 108% $1,711,340 $0 $1,713,340 31-Dcc-28 I-Jan-29 110% S2,697,21U SO S2,697,210 3I-Dw-29 t-Jae-30 113% $3,820.247 SO $3,920,247 31-Mc30 1-Jan-31 10% $4,997,121 So $4987.121 31-Doo-31 I-Jan-32 I17% $6,199,137 so S6,199,137 31-Dm-32 1-Jan-33 120% S7,457,633 SO $7,457,633 31,0a03 I-Jm-34 122% $4,763,985 $u S6,763,985 31-Dw-34 l-Jan-35 124% S10,119,6141 $0 110,119,604 31-Da 35 1-fan36 127V. $11.325,936 $o S11,525,936 31-Dw-36 I-Jan-37 1291/1 S12,984,469 SO S12994,469 31-D907 l-Jan-38 112% $14,496,727 $0 $14,496,727 31-Dw-38 l-Ja.09 I35% S16,064,278 So 516,o64,278 31-Dec-39 i-lw4G 137% S17,681,727 SO $17,681,727 31-D,xAU l-3an-41 140% SI9�301,729 50 Si9.30i,729 3l-Dw-41 1-1an42 143% $20,970,451 SO S20,970451 31-1)e-42 €-1-43 146% S27,124,104 So $22,124,104 31-Doc-43 I-3an-44 149% S23,315,509 $0 S23,315,509 31-Doc44 1-Jan-4-1 152% $24,414,2U4 $0 $24,414,204 31-DwA5 I Jan46 155% SZ5,547,516 SO $25,547,516 31-D.4t, WM47 I58% S26,716,390 SO $26,716,390 21-Dac47 J-Jan-41 161% $27,849,233 SO $27,849,233 3l-Dea48 1-Jan49 164% $29,002,711 SO $29,002,711 31-Dee49 14- 30 1674E 530,041 945 i0 S30,(41,145 31-Dm-50 1-J-51 171% S31.11U938 SO S31,110-93a 31-Ds-51 1.3an-52 174% $32,148,639 m $32-149,639 31-D-52 I-Jan.$3 l78% $32,791,859 SO S32,791,859 31-Dm-53 1-1m-54 191% $33.447,944 SO $31,447,944 31-Doc.-54 1-Jan-55 185% S34.217,150 SO $34.117.150 31-Dec-55 1-Jm-56 199% $34,098,1% 51,968,499 $96,I)67,W5 3l-Dac-56 1-Jan-57 192% S33.901.733 S4,523,419 S31,425,222 31-Dac-57 1-Jm38 1961/. 333,081,556 $1,199,439 $41,981,015 31-Dm-58 I-Jan-59 200% $32.024.418 $11,993.122 S46,017,541 31-Dw-59 1-1-60 204% S3o,729,699 $19,807,W $50,536,745 3l-Dwo a I-Jan-61 209% $29,370,352 $25,947-843 $55,219.195 32-D"t I-Jan-62 212% $27.944,309 S32,122264 $60,066.573 31-Dm-62 I-Jan-63 216% $26.449,446 S38,637,238 $65,086.634 31-Dw-63 1-Jan-64 221% $24,883,382 $45,399,979 $70,283,460 31-Lhc454 I-Ja.-65 225% $23,244 474 $52,417,486 $71,661,961 31-Decb5 1-Jao-66 230% S21,$29,820 339,697,557 $91,227,377 31-Dw-66 1-1an-67 234% $19,737,254 S67.247,78i $86,98s,034 31-D.-67 I-Jmb1 239% 517,86Q44 $15,076,034 S92,940,398 31-13 -61 I-Jan69 244% $15,901.595 $93,190,479 $99,D99,075 33-Dw-69 I-Jan-70 249% $13,967,443 $91,599,372 $195,466,9 L5 31-Dec-70 1-ten-71 234% Si 1,sm,945 S99941767 $111.813.712 31-Dw-71 1.J4n-72 259% 59,779,195 SI00516,523 SI 11,366,418 31-Da-72 1-1en-73 264 % S8,646,302 5114,337,895 S123,204,197 31-Dw43 Idea-74 269% $7,463,441 $I2O,724,631 S124,181,091 31-Dec-74 I-Jan-75 275% $6.467.932 $1263411,430 S132,879,382 31-Dm-75 I-Jan-76 2104'e $5,429,60 $02,277,363 $137,707,W9 31-0ec-76 I-Jan-77 286% $4,347,212 S133.327,338 $142 674,550 31-Dw-77 I-Jen-71 29l% S3,350,705 $144,190,765 S147,54I,470 31-Dec-79 1-Jan-79 297 . S2,337,911 S150,160,946 S151,498.857 31-Dea79 J-Jan-80 303% $1,533,7.13 $155,539,322 31",093,075 31-Dec-80 I-Jan-81 309% $737?87 $161,672,746 S161,8€0,013 31-Da sl 1492 315% SO $166.405.137 $166,409.137 31-Dec-82 1-1 -93 322% $0 S169,737,OU6 $169,737,006 31-Doc83 1dan-84 329% $0 $173,132.453 $173,132.453 31-D c-84 1-Jan-85 335% SO $176,195,809 $176,595,809 31-Doc-85 I-im-86 341% $0 S18o,121,433 $190,123,433 31-Dcc-86 I-Jan-37 341% $0 S1833731,7()8 SI 83,731,708 31-Dec417 1-Jan-3S 355% $0 $197,407,049 $187,407,049 31-Dcs-88 1-Jan-89 162% $O $191,155997 S191,155,897 31-Dw49 Wan-90 369% SO $194,979,722 $194,979,722 31-Dec-90 I-Jan-91 377% $D S198,88n,024 5198,880,024 31-DwAl I-Ju-92 314% So 1202,856,331 SW2,m,311 31-D.-92 I-Jan-93 392 % SO S206916.203 $20,916.205 31-Dw-93 Idw-94 4009E SO S203,733,293 $205,7J3,293 31-Doc-94 I-Jan-95 408% SO 3215,277,047 S213,277,047 31-Dw-95 I-J=-96 4i6% $0 $219,313,295 S219,313,295 31-Dec-96 I-J. 97 424% Sn S223973,668 $223,973663 31-Dr 97 WW-98 433% $0 $228,455,819 $229,435,929 31-Des-91 I-Jan-99 442% S0 S233,025,713 S233,025.713 31-13s99 Idea-00 450% so $237,616,933 $237,616,935 31-Dce-DO I-J-01 459% So $242,441,380 $242,441,380 31-Dm-01 Wan 02 469% So 3247,290,915 $247,290,915 31-D—V2 I-Jan03 479% 30 S252,237,4411 $252,237,440 31-pwA3 W4 -04 449% $0 3257,282,896 5257,212,8% 31-[hc4)4 I-Jan-05 491M. So S262,429,261 $262,429.261 31-DMAS Wan406 5079'. $0 $267,673,553 $267,679,553 Taal $979,276,425 S7,397,274,372 S8,376,550,797 l r,o,rt'„Q. rrr'vJ.l'eu1.Hu.rl.7}J�Fv.r.iw.n.faes7igrciionr(Ii�Hma�1 T7XL Fra,Ee.eebne Ayzoa.Va l.O.daJFr�'da L�17( 'Asrunier en ennne3 'inll.lnm leclm of 2°e 'tirr l:L 13. 'Srr I=nhMl Isl 3 EXHIBIT D-1.5 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - TARRANT COUNTY Reinvestment 'Lone Number Sixteen Fort Worth, Texas (Velue Ranch) Exhibit D-1.5: Proiected incremental Assessed Value & Incremental Real Prooertv Taxes Available for TIRZ Oblisations - Tarrant Countv Development Tarrant County Real Total Percent Total Available Year Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental Eadin As of Factor' Assessed Value''- Base Value3 Incremental Value (Per SI00 A.V_)° Tax Revenues TIRZ 0bli5*ons5 Tax Revenues 31-Dt3✓-�3 I-Jan-24 100% $0 (S4,449,181) $0 $0.194500 $0 0.00% SO 31-Dec-24 1-Jan-25 102 % SO (54.449,181) S0 S0.194500 s0 50,00% $0 31-Dec-25 I-Jan-26 104% $164,441,640 (S4,449,181) $159,992,459 SOA94500 $311,185 50,00% S155,593 31-Dec-26 I-Jan-27 106% $374,087,981 (S4.449,181) $369,638,800 $0.194500 $718,947 50.00% $359,474 31-Dec-27 1-Jan-28 108% S673,265,799 (S4,449,181) $668,816,619 $0.194500 S1,300,848 50.00% S650,424 31-Dec-28 I-Jan-29 110% S1,028,960,965 (S4,449,181) $1,024,511,784 $0.194500 $1,992,675 50,00% S996,338 31-Dec-29 1-Jan-30 113% $1409,936,306 (S4,449,181) $1,404,487,125 SO.194500 $2,731,727 50.00% $1,365,964 31-Dec-30 1-Jan-31 115% S1,803,699,077 (S4-449,181) S1,799,249,896 SO.194500 S3,499,541 50.000/. $1,749,771 31-Doc-31 1-Jam-32 117% S2,20,688,784 ($4,449,181) $2,20%239,603 $0.194500 $4,296,971 50,00% $2,149,486 31-Dec-32 1-Jan-33 1200% S2,639,356,600 (S4449.181) S2,634,907,419 $0.194500 $5,124,895 50.00a/a $2,567,447 31-Dec-33 I-Ian-34 122% $3,081,165,652 ($4,449,181} $3,076,716,471 $0.194500 S5,984,214 50.00% $2,992,107 31-Dec-34 1-Jan-35 124% S3,539,591,325 (S4,449,181) $3.535,142,144 SO.194500 $6,875,851 50.00% S3,437,926 31-Dec-35 1-Jan-36 127% S4,015,121,557 ($4,449,181) S4,010,672,376 $0.194500 $7,800,759 50.00% $3,900,M) 31-Dec-36 I-Jan-37 129% S4,508,257,163 (S4,449,191) $4,503,807,982 $0,19450U $8,759,907 50.00% S4,379,953 31-Dec-37 I-Jan-38 132% S5,019,512,144 (54,449,181) S5,015,062,963 $0,1945DO S9,754,297 50.00% $4,877,149 31-Dec-38 1-Jan-39 135% S5,549,414,022 ($4,449,181) $5,544,964,841 SO.194500 $10,784,957 50.001/6 S5,392,478 31-Dec-39 1Jan40 137% $6,098,504,170 (54,449,181) $6,094,054,989 SOA94500 $11,952,937 50.00% $5,926,468 31-Dft,-40 I-Jan4l 140% $6,637,601,250 ($4449,181) 56,633,152,069 $0.194500 S12,901,481 50.001/ S6,450,740 31-Dec-41 I-Jan42 143% $7,195,822,811 (S4,449,181) 57,191,373,630 $0,194500 S13,987,222 50.00416 $6,993,611 31-Dec-42 I-Jan43 146% S7,576,803,942 (54.449,1811 S7,572,354,761 SO 194500 $14,729,230 50.00% S7,364,115 31-Doc-43 1-Jan-44 149a/u $7,970,145,989 (54,449,18k) $7,965,696,808 $0,194500 $15,493,290 50.00% S7,746,640 31-Dec44 1-Jan-45 152% S8,320,317,472 (S4449.181) $8.315,868,291 SO194500 S16.174,364 50.001/6 $8,087.182 3t-Dec-45 1-Jau46 155% S8,681,307,756 ($4,449,181) $8,676,858,575 $0,194500 $16,876,490 50.00% $8,438,245 31-Dec-46 1-Jan47 158% S9,053,409.525 (S4.449,181) $9,048,960,344 S0.194500 $17,600,228 50.00% $8,800,114 31-Dcc-47 1-Jan48 161% $9,406,094,889 ($4,449,181) $9,401645,709 S0.194500 S18,286,201 50.00% $9,143,100 31-Dec-48 1-Jan-49 164% $9,763,323,950 (S4,449.181) $9,758,874,769 S0.194500 St8,981,011 50.00% S9,490,506 31-Dec-49 1-Jan-50 167% $10,115,742,268 ($4,449,181) $10,111,293.087 $0.194500 $19,666,465 50.00% S9,833,233 3l-Dec-50 I-Jan-51 171% SI0,478,351.989 (S4449,181) $10,473,902,808 SO.194500 $20,371,741 5000% SIO,185,870 31-Dec51 1-Jan-52 174% S10,825,022,165 (S4,449,181) $10,820,572,984 SO.194500 $21,046,014 50.00% $10,523,007 31-Dec-52 I-Jan-53 178% S11,041,522,6N (S4449,181) S11,037,073,427 SO.194500 $21,467,108 50.00% $10,733,554 Total S309 369,546 S154,694,773 MnniCap. lnc. :�maznlcap.sharcpNnreoM40lem'ALLS?AFFTFXAy'remrllibrt Worth Veale RmtchriRZT-1 AwMinene Prorcanns. (r'ealr Ranch TIRZ First Amendment Pro)eatar No, 3.0.xfsrJE ff1BITDLL3 23Jan-24 Assumes an annual inflation factor of 2.0% 'Sec Ezhibu C-2.7 2. See Exhibit H_ The TIRZ propem in the M of the Cm-, if anl, will na generate city taxes until annexed mu, the Cd). 'Represents the Tarrant Cmitty real ptopetty tax rate for tax war 2022. Source, Tanant Cmah Tax Assessor -Collector_ 'Assumes 0 %the inert mtal tar revertues are avaitattle for the repay--t of TIRZ oblgauans EXHIBIT D-I.6 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE COUNTY Reinawsfm—i Zone Number Siveen Fort Woffh, Texas (Neale Ranch) Exhibit -I 6: Pielected Incremental Asseasad Value & 10cremental Real ?Noem Tries Available For Tar784t1_CQyM D—I.pttxnt Tenant C—t, Real 'iota) P 1 7dal availeMe Year A- -.4 I0a6m Ta.1 Pm)acled G.n4-wd PmVw5 Ter Rwc Inuanmtai Available f« Im:tar W A. f Factor' Ae4—dValue' B—Vdtaca ]n1ra+�aal Vsl+w (Pa SI00A.V,)` Tar Rne tothe C-0,1e Tar Reacnlws 3 i=D 1-1e 24 IW% SO (S4,449,181) $O $0,194500 SO 50.00R5 SO 31-rl..24 1-Jan.25 102% SO IS444•i.181) SO SO 194500 10 50.00% So 31-D-23 14m-76 109% $164,441,640 (%4,449,181i S159,992,459 SO-194500 131 t,185 Ww% SiS5,593 110 -26 14 -27 106% S374,081,981 (S4,449.)81) S369.638,BOO SO.194500 5711947 5000% $359,474 31-D-27 1.10-28 108% 5673,265,799 (Sd,419.181! $668,616b18 so 1945M $1,300" 50.00% S650,424 31-Dec-28 I-Jan-29 110% S1,D28,960,965 (S4.449.1811 $1024.511,794 $0. 194500 S1992,675 50,OD% S996,338 31-DW-29 I30 10% S1,409;9M-106 04,"9,1811 S1.404A87,125 $0, 1945M $2,731,727 50.00% $1,365,864 31-Ike-30 t-J-31 115% $1.803699,977 [Sa449.1a 1. S099,249,896 so 1945M S5,499,541 50.00% $1.149.771 lllmD o-31 IJem32 117% $2.20,688,784 (S44491181) S2,209,239,603 S0.194500 $4,296,971 $0,00% S2,1481486 31-Dm32 I-Jw-33 120% S2,639,356.600 ($4. W), 131� S2.634,907,419 50.194500 $5.124.895 5000% S2,562,447 31 D—)3 1-1 -34 122% S3,081,165,652 (S4.N9,181) 53076.716,471 SO-194500 $3,994,214 30,OD% S2,992,107 31-Dac-34 1-Jam35 124% S3.539.591.325 f%4449,I81) $7,515,142.144 $0. 194500 Z.875,851 50.00% $3,437.926 3143 35 1-1 -36 121% S4,015.121.597 (54,419,181) 14,010,672.376 SO_1943M $7,800,758 50.00% $3,9W.379 31-13 -36 14 -377 129% $4,",M,163 (S4,449,181) S4,503,807,982 10194500 S8.759,907 50.00% $4179.953 31-EN-37 Ww-38 132% S5,019,512.144 (54.449,1811 S5,015,062,963 $0.194500 S9,754,297 W00% $4.877,149 11-D-38 I-Jan-39 135% $3,549,414.022 1S44s +, 111, 55,544964,841 w 19450o 116784,951 50.00% S5.392,478 31,D.-39 1.1aa40 137% $6,014504,170 M.449.181) $6,094:0541989 $0.194SCO $11,852,937 W00% S5,926,468 31-Dee-W 1-hn41 1413% S6,637.601250 A4,44v,l8ll S6,613,152069 so 194500 $12,901,481 50.00% S6450,740 3m)e,o t•hn42 143% S7.195,822.811 (S4449,181) $7,191.373,630 so. 194300 S13,987,222 SOD^ $6.9"M1 31-Da:-42 1-1an43 1461/6 $7576,M.V42 fS4,44*1911 S7,512,354,761 $0. 194500 S14728,230 10W% V.W. 115 3141a:43 I-fao-44 149% S7,970,t45,989 (14,449.191) S7.%S,696,8(I8 SO.1945W $15493280 504v% $7.746.640 31-Dm-44 I-Jen-45 152% S8,320,317,472 (54.44MIll) S8.315.868.291 50, 194500 $16,174,364 50.00% S8,087,182 31-DmA5 iJ",46 155% S8,681,307,756 ($4,449.181) S8.676,858,575 SOA94500 S16,876,M 50.00% $9,438,245 31-D..46 I-hn47 158% $9.053.409.52, 1S4449.181) $9,048,960.144 $0 194500 S17,60C,228 50.00% $8.800,114 31-ITer47 i4m,18 WI% S9,406;094,889 (54,449,1&1) S9.401;W.7% $0:104500 Si8,286,201 SO.Ou% 59,143,10U 31-D-4R I-Jan-49 164% $976173D.950 (44449,181) S9,758,874,769 01945CO $18,981,011 50.00% $9,490.5W 31-Da 49 t-Jaa-SO 167% $10,115,742269 (54.449,181) SI0,I 11,293,097 SID. 194%0 S19OA465 50.00% 59,8332)3 31-Dx-Se 1-tan-51 171% S10,478,351.989 (54,144.181) SIG,471,902,808 S0, 194500 SNJ71,741 50.00% $T0,185N70 314)-51 IJw-52 174% $10,825.022,165 (S4,449,181) 110.I42 iM984 $0.194500 $21,046,044 S100% 210,523,067 31-Da, 52 I-Jan-51 118% $I 1.041,522,608 154.449.181) 11 t.037,073427 $0. 194500 S21,467,108 50.00% $10.733.354 ii-1-53 14aft-54 181% $11.262.35,10W (S4449J91.) SI 1,257,903,879. S0,194500 521.3W623 100,00% $21,896,623 31-D-54 1-Jm-i5 193% S11487.6m), 122 iS4449.181) SI 1,483,150,941 S0.194500 $22,334729 100.00% $22.334.729 31-D—SS 14156 In% $11,717,352,124 ('S4,449.181) 511,7I2,902,943 M194SOO S22,781,5% 100.00% 522,7815% 31-Drc-56 1-1en-57 192% 111,951,699,167 (S4.449,181) S11947.249.986 S0, 194500 $21,231.401 10000°A $23237 401 314Dea57 t1.1-511 196% 112,i99.231.325 (14A49,181) S12,294180q,144 $0194SOO S23,913,390 101100% S23,913,390 31-D1 -S8 i-Jan-59 20ms $12655,924889 (S444)3 181' S 12,651,475,709 S00. 1945M S24,W7,120 IOD.OD% $24,607.120 li4) r59 I-J—W 204% 112,457,073.364 (54,449,181) 112,45Z,624,381 SDA94500 $24,220,354 I0000% 114120,)54 31-D.400 I-Jw-01 208% 312,831.194,755 (54,449.191) $12,976,745.674 SO.194300 SI5.045.269 100.OD% S2i,615>9 31-Dm61 1Jau62 212% S13;317,296,943 (S4,449,181) 513,312,847,762 $0.194500 525,993,499 W00% $25.03.499 31-13e<62 1-Jao-63 216% S13,76f.691,262 1S4449. 18U S13,761,242,081 $0. 1945N $2b165,61(, IOD OD% S2fi765616 31-13-0 1-hn64 221% S14226,694,434 (S4,449.181) S 14,2223245.233 S0.(94SW $27,662,267 100.0D% S27,662,267 31.13 64 1Aan65 225% S14.700.631.457 (S4,449,181) S14,6%,182,276 S0. 194500 S28,584,075 100.OD% S28,584.X5 314)-65 1Jm66 230% S1S,187,835,2W (S4,449.181) S15.183,386,102 S0.194500 $29,531,686 100.00% S29MIAM 31-Dec-66 I-Jw47 234% S 15,689,647,009 ($4.449,1811 S 15,684,197.823 S0. 194500 S30.505,765 IDO(KY% S)0.50i.765 314)cW I Ja" 339% $16,203.416,070 (34,449,181) 516,198,966,884 $0. 194500 531.5W,991 IOOAO% 53 t.506,991 31-13 68 I-Jen69 244% S1(,.732.5W,435 (54449.181) S16.72KDS1.254 $0194%0 SJ7.576.060 IMW% S32536,060 31-r."% Wm-70 249% S 17.296,266,808 (54,449.181) 517.271,817,627- $0,194500 $31,593,685 IOO.OD% 533,595,685 31-13 -70 1-Jw-71 254% S17,786,701,712 (S4,449.181) S17,782.252,531 SO.1945W S34.596,481 ID0.00% S34,586.481 Ji4349-71 IJa 72 259% 518,158,675,832 (54,449,3611 SIS354,226,631 50. 194500 $35.698,97t 100.00% S)S,698.971 31-Dcc-72 I-Jen-73 264% $18,861,296722 (54449,1811 SI8,856,R47,541 $0. 1945GO S36,676,568 I000o% $)6,676.568 11-D-73 14ea-74 269% S19,37b578,978 (54,449.38i) S19.372229.797 $0.194SW S37,678,987 IOO.00% $17,678r9417 31-Dau74 14an-75 275% S19,905,112006 (S4449.I11I1 S19.%0,682,825 $3194W $38.766828 10000% S78,706,828 31-D-75 IJ -76 280% 120,446,972,493 (14,449.181) S20,441,523,302 SOAN500 539,760,708 100,00% S"J%M,708 31-13.e-76 1Jan-77 286% 521,002.524,526 f1444v.38Ti S20.998.075,345 $0 194500 S40.841.257 100.00% 540.841,297 31.D-77 14-711 291% S21,4W359,011 (54.449,18t) $21,483.909,830 W1945W S41,786,205 IOIDM% 541.786,20$ 31-Da-78 1-Jm-79 297% $21,98%225,865 (54449.18I1 $20803776,04 50194500 W,75261i loo)70% 542752,5)1 314Doo-79 1-htr8(I 30% $22,493,37XM (14.449,481) S2R488.922.869 $01945W 543.740,95E IM00% $43,740.955 31-Dec-Bo 1-1n431 3O9% S23m3609923 (54.441.IBI) S2.3,009,160,142 $0. 194500 S44.752818 100,00% $44,752,818 31-Dta-81 1-ha82 315% S23,473,882,t21 (14,449,)81l S23,469,432,940 SO.1945DO 545,648,047 100.00% $43;648A47 .3143a:-R2 1-1 -81 322% S23,943,359,764 (S4,449,I811 S23,938,910,593 S0. 194500 W1.561,181 100.00% S46,561.181 31-Daa83 t.hr 84 328% 124,422,226,"0 (54,449,184) S24.417,777;778 SU. 194500 S47,492,578 113000% $47,492,578 31-Dam I-1en-85 335% S24,910671498 I14,449.181) $14.906.222.317 $0194500S48.442602 IOo00% S48,442602 m-Dm-85 14aa-86 )41% SZ5,4o8,884,M (54,449,3811 S25,404.435,747 $0.194500 349.411,625 IOG00% $49.411,623 31-Dx436 IJm-87 14M 525,917062,626 (S4.449.1811 S25,912,613,445 SO.194500 SSo.400033 100,00% S50400,033 31-Dec47 1J-88 355% 526,435,403,879 (S4,449,I8t) S26,430,954,698 50. 194500 S51,408,2D7 100.00% SS 1,4082W 31-Dw88 )Jan-89 362% S26,964,111,957 ($4,449.181) S26.959,662,716 m. 1945M S52.436,544 100.00% S52.05,544 31-Dw-89 I-J—W Y99% $27,503.394.196 (S4.449.191'% $27,4W945,015 $0.194500 153,485.448 IOOIJO% SS346S."It 31-Ds-sn 1J-91 377% $28,053462,080 ($; 1: - S28.049,012,899 So. 194500 S1431i,3W ]MOO. $14555330 31-D-91 1.1 -92 384% SMki,1,531,321 (S4.14 .. - $28,610,082,)4O 5(1.194500 $55,646,610 100.00% 555,646,610 3I-D-92 I-Jaa-93 392% S29,186,821 948 (S4,4; $29.182,372,767 50194500 S56.759,715 10000% S56,759,715 31-1)x93 1.14a.94 400% 528,982,165,470 (S4,449.1 528,977,716,289 SD.. 194500 156,361,653 IDD.00% 556,361,658 31-Da:-94 1-1 -95 4D8% $10,365,969,554 ($4,"Y.I K1 %30 J61,52U.373 $0 194500 S59053, 157 I()()O % 559053.157 31-Daa-95 IJan-96 416% 230,973,288.945 (54,44RI81) S30.968,839,764 SO.194500 WX,4,393 I00.00% S60,234,393 31-Dce-96 1J-97 424% $31.592.754,724 (S4,449,1ki. S31.5S8,305.543 $0.194500 561,439,254 100.00% $61,439.254 314)-97 1Jm-98 433% $32,224,609,810 (54,449,181) 232220J60,638 $0.194500 $62,668,212 f00.00% 86208,212 31-L)--98 14a 99 442% $32,869.102.00 ($3449.191) $32&A652.834 so 1945M S63.921,7$0 100.00% $63921.750 31-Dm-99 IJ-00 450% $33,526,484,056 (54.""S1) 535=034,875 $0. 19450o S65.200,338 MOM% 1365200,358 31-Dao-00 I-JmA1 45'4 S34,197,017737 (S4.449.1811 $34.192,S64,556 W194500 S66.504,538 10000% 566,5(A,538 31ID-01 14.,D2 469% S34,880,954,011 ($4,449,381) S34,876,504,830 90.194500 567,83g802 100.00% S67.834.802 31-D,x-G2 I-Jw433 47N% $35578,573092 04.449.1 BI1 S35574J1 3,911 So. 194500 $69.191671 Me W% S69.19167I 3t4)W,03 IJ-04 488% $36,2'At44,553 (54,449_IS t) S36,285.69SX2 $0.194500 $70.573.677 100.011% 571)X5.677 31-Dm414 1.3-05 497% S37,015,947,444 (14,449, IS I S37,011,498.263 SO 194500 S71987,3(+ IW00% S71,987,364 31-00,05 1.J.106 5D7% $37,756,266,393 ($4.449,181) S37,751,817,242 $0.194300 373,427.294 IDU13 4 573,427,284 Total 12661.616093 $Z506,933.320 34adq rw. wva�dwrapa,e awlaraA4LffeiF7El4Cw.mFwf R'wdF'+eoNXoa:h77RL-F .bandeanRPro%enma' /i ede Rams77l1ZFTv4aan�uar Pager Na 4 23.Fur-31 'Aravma n . -_.., ,a1aa„e facmt of l0aa 'Sm E�la[GI 5 '6 Ealybr N, Tho 1187. p...pemashe F"!'f of Ihn Ciry, if art w4 a4ernmalo ci0'*asn nail amaroA ina tti:Gry. 'R mtl,e 7s3sitCa.n,edp,� .a.rsee6or—ant s.,,,a 1ama Caudy 7a<hacatorCouxw. '.�,a+abn wnota.a::�,w zn,e,e�a,a oebtaaw�mnv. 4K coanr aa: 6aa, 39 rat, °A��. ifp%uf pc ocxnead wr ra�caasan: neilaHc fw,ctan r, uw Coany'lxgom4 in the Slat yea kfa:mn<m aomi,.a a, tz ewumWoiod. EXHIBIT D-1.7 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - TOTAL Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaie Ranch) Exhibit D-1.7: Total Proiected Incremental Assessed Values and Incremental Real Prnnertv "faxes Available for TIRZ Obligations - City Tarrant County Development Total Available Total Available Total Available Year Incremental Incremental Incremental Endin Tax Revenues' Tax Revenues' Tax Revenues 313 $0 $© $0 31-Dec-24 $0 $0 $0 31-Dec-25 $695,839 $155,593 $999,374 31-Dec-26 $1,612,255 $359,474 $2,313,529 31-Dec-27 S3,181,917 $650,424 $4,450,796 31-Dec-28 $5,009,105 $996,338 56,952,793 31-Dec-29 $7,094,744 $1,365,864 $9,759,316 31-Dec-30 $9,261,796 $4,749,771 $12,675,306 31-Dec-31 $11,512,682 52,148,486 $15,704,019 31-Dec-32 $13,849,891 52,562,447 $18,849,797 31-Dec-33 $16,275,973 $2,992,107 $22,113,073 31-Dec-34 518,793,550 $3,437,926 $25,500,368 31-Dec-35 $21,405,309 $3,90W,379 $29,014,297 31-Dec-36 S24,I14,013 $4,379,953 $32,658,570 31-Dec-37 526,922,494 $4,877,149 $36,436,996 3l-Dec-38 $29,833,659 55,392,478 S40,353,483 31-Dec-39 $32,850,492 $5,926,468 $44,412,042 31-Dec40 $35,946,069 $6,450,740 $48,430,386 31-Dec4l $38,945,123 $6,993,611 $52,598,489 31-Dec-42 $41,087,621 $7,364,115 $55,453,779 31-Dec43 543,300,231 57,746,640 558,412,632 31-Dec-44 $45,340,665 58,087,182 $61,117,406 31-Dec45 $47,445,387 $8,419,245 $63,906,993 3l-Dec46 549,616,152 $8,800,114 $66,783,704 31-Dec-47 $51,720,004 $9,143,100 569,556,665 31-Dec-48 $53,862,178 59,490,506 $72,376,569 31-Dec49 $55,791,998 $9,833,233 $74,974,991 31-Dec-50 $57,777,456 510,185,870 $77,648,387 31-Dec-51 $59.704,615 $10,523,007 $80,233,244 3l-Dec-52 $60,899,167 510,733,554 $81,838,537 31-Dec-53 $62,117,610 $0 $72,527,625 3t-Dec-54 563,360,422 $0 $73,978,719 31-Dec-55 $63,326,521 $0 $74,157,267 31-Dec-56 $62,960,362 $0 $74,007,805 31-Dec-57 $61,437,176 $0 $72,805,995 31-Dec-58 $59,473,920 $0 S71,t72,550 31-Dec-59 $57,069,442 $0 $68,584,197 3l-Dec-60 554,544,939 SO 566,451,872 31-Dec-61 $51,896,573 $0 564,206,764 31-Dec-62 $49,120,400 $0 S61,845,214 31-Dec-63 $46,212,366 $0 $59,363,463 31-Dec-64 $43,168,310 $0 $56,757,649 31-Dec-65 $39,983,952 $0 $54,023,801 31-Dec-66 $36,654,900 $0 S51,157,842 31-Dec-67 $33,176,639 $0 548,155,581 31-Dec-68 $29,544,534 SO 545,012,712 3l-Dec-69 $25,753,923 $o $41,724,813 31-Dec-70 $22,034,899 $0 538,477,881 31-Dec-71 $18,162,662 $o $35,134,540 31-Dec-72 S16,057,419 SO 533,494,062 31-Dec-73 $13.960,676 $0 $31,773,886 31-Dec-74 $12,011,909 s0 530,413,772 31-Dec-75 $10,083,629 $0 $28,986,523 31-Dec-76 58,073,394 $0 $27,489,999 31-Dec-77 56,222,737 $0 $26,088,586 31-Dec-78 $4,341,834 $0 $24,667,128 31-Dec-79 $2,885,542 $0 $23,680,711 31-Dec-80 $1,369,247 SO $22,645,472 $1,818.656,218 $154,684,773 $2,544,300,960 MnnFCap. Inc. ..—.. —_. .. ._.. ._. is" Exhibit D-1.1. 'See Exhibit D-1.5. EXHIBIT D-1.8 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE CITY AND COUNTY - TOTAL ReinveslmeniZone Number Sixleen Fort JYorlh, Texas (Peale Ranch) Exhibit E-1.8, Total Proiected Incremental As<cssed Values and Incremental (teal Pronerty Taxes Available for the Jurisdictions - City Tarrant County Developracnl Total Available Total Available Total Available Year Increraental Incremental lacmnicnial Endiq Tax Revenues' Tas Rcecauesa Tax Revenues 31-Dcc3_� 31-Dec-N SO SO S0 �' _ _ _ $677,471— 31•Dee-26 $869,137 S359,474 S1,563,664 _ I_3l-Ikc-i7_„ _ _ SI,713,34D ^.,,_ $650,424: _-53,036,860 31-Dec-28 52,697,21D $996,338 S4,733,163 -3l-Dcc•29,-_' .. $3,820,247„�„-. _ $1,363,864_"�__;.,. SG,68fi.918,„_s - �3l-Dcc-30 n S4.987,121 $1,749,771 S6,696,112 S10,782,991�-"„, 31-Dcc-32 $7,457,633 $2,562,447 $12,949,858 31-Die-33_ - _ ,-$8,763,995 52,992,l07;�, S13,199,077' -S17,533,077 31-Dec-34 SIO,119,604 S3,437,926m _ ... -SII,i25,935 "".,�„53,9P0,379- _,$19,954,349_'-; _ 31-Dcc-36 512,984,469 54,379,953 521,465,449 31-pcc-31 _ � _514,496,127 w Y S•1,877,149`-LL - 525,069,OP1�_� 31•Doc-38 S16,W,278Y; S5,392,478 $27.767.705 i_31_Wv39�S1T,G96,727�.�55,926,•VGS_�_ _ 530,56i,319-_'I 31-Da-0D µ_ S19,301,729 $6,450,740 $33,335.272 F_�31-Dcc-01 , - �520,970,4i1 _ -�S22,124,104 ~ s$6,943,6i1�_ ..�__536,202,431�t 31-6ccAl $7,364,115 S38,179,807 t,�31-Dec-,43 ' - 523,315,509- __57,746,640„�._,� 31-Dcc44 $24,414,204 S8,087,182 S42,092,655 3- '31-1)cc15�S_25,547,516'r',, m$26,716,39D $8.436,245 �'",�14,022,258;- 31-Nc-06 58,90D,114 S46,012,200 '' 31=DW47- µ $27,849,233 ..,;,;:•59,143104 „M,,,, 547,433,074;, ? -31-Dco-48 _S29,002,711 S9,49D,506 $491887, 109 - t-�3l-Dtt-49;._�_530,04I,845_,'.59,833,233,__" �3l-DM-50 _ �S56,677,1991 $31,110,938 SIO,185,870 S53,318,929 y31-Dec'51'- _532,14_8,639�,�v 510,523,007_�-�_�555,30[,434 _� 31-Dcc-52~ S32,791,859 S10,733,554 $56.407,894 _ �,3I�Dcc-i3.„�'"'W-533,447,9Ww,� _ '-521,896,623, mS22,334,729 x_ ��_ 568,484,795�_"" 31-Doc-54 S69,855,009 r _ ,_ 3l-D�sS" _S34.117.150 536,067,39=522,781,596 �-,$72,244,851i 31-Dcc-56 S38,423.222 S23,237,401 S74,980,862 `--3[-lkc�i7_-_-_S4I,981,O1i_�r523,913,390m'�wY$78,890,188� 31-Degd8 $46.017,541 $24,607,120 $83.204.990 3LDccS9 �_�_ 550,536,745�"� �,w$z4,22e,954 -. $86,828,436�'t .. 31-Dee-60 w $55,218,193 -- T $91,800,517 C�31-ika�Gl._� �560,066,5;73' _$25,045,269 t,'u 525,893.d89,",�__"$96,93G,G30 Wes'? 31-Dcc-62 $65,096,684 $26,765,616 S102,241,348 _ fi_,S70,283,460T_ .YS29,G62,267d" $107,719,362 ? cc 31-D•64 S75,661,961 S113t375,482 _ _S28,584,075 iY31-DccfiSA_, _561,227,377;-,-_529,531,686,-�_'SI19,214,642,�? 31-6oc-06 $30.305.765 S12.5 241,903 #J 31-Oca67.---� _$86,985,034 592,940,398' a�.�$31,506,95!l� ^SI31,462,45d 31-Dec-70 S111.813,712 W S34,586,481 m. �S151,057,631 � 31-Dcc-T1�--�5118,366,416��,-"'�535,698,971'-�rS[57,903,4H2_-; _ 31-Dtt-72 �S123,207,197 TMS36,676,568 $163.273.403 _ '31-Ikc-73-�'YS128,188,0,,1" 31-Dvc 74 $132,879,382 S38,706,828 $174.122.858 f v31-Dcc�75 ",_, �S137,707,009�-; „,^`_S39,Y60,708�,"„ �5179,596,3G7„_,d _31-13cc-76 $142,674,SS0 S40,841,257 - w $185,219,122 "31-Ika77 j, SI47j41,49�_',�S4I,7B6,20S-,;,,,5190,G39,423� 31-Dcc-78� S152,498,857 S42,752,611 $196.165,256 L�,31-I3cc_79-SI57,043,075� S¢3,140y5S,_,-'�5261,439�685��' 31-Dio-80 S161,810,033 S14_752,818 S206,847,674 #�31-Dcs-Big_-SIG6,408,[37,�,�'iJ5,648,OJT���52i2,056,184 J_-+ 31-Dec-82 S169,737,006 546,561,181 �$216,298,187 31-Dec:83„' _--$173,112,457,492�78µ 5720,62i,031� �1 _31-Da-84 $176,395,809� _ S48,442,602� $225r038,4124 3l-Dx-83�,_�$180,128,433-'�549,411;628 �.. 5224,540,060-„� 31•Dcc-86 Si83,731,708 S50,400,033� $234,131,741 ,�M 5187,407,049m�. �-.•$51;408,2D7`�`_�--5238,815�56�;, _31-Dec•88 $191,155,897 .- $52.436,544 �_$243,592.441 3l-Dx-89-_T,Sl94,979,72.2_,�,,,�553,485A48`�_5248;465,I70__, 31•Dec-90 S198,880,024 $54,555,330 $253,435,354 p.3l-becA1���,��5262,838,331��,�,;.;„555;646,61D;� ,�5258,504,941�°;,� 3l-Dcc-92 _ S206,916,205 $56,759,715 $263.675,920 1,;.�3I�IkcA3_"-5205,T53,293� 3l•Ikc•44 $215,277,047 $59.053,157 _ $274,330.205 _5'2I9,583,295�4.393��_••52T9,617,689�[ �3[-Dce�97�A- S228,-035,889�562,G68,212�_,,,^5291,124,101 "r 3[-Dce-98 _ $233,025,713 S63,921,750 S296.947,463 j__3F Dco-99� �,_5237,686,933.__,y _565,2p0,358'„ v5302,867,292 31-Dec-0O S242,441,380 $66,5D4,538 $308.943.918 31-Oec111-_- �� S247,290,915�,µS6?,834,802'�5315,I25,917'_� 31-Dec-02 $252.237,440 S69,191,671 � S321t429r111 [_31-DecA3-„'.5257,282,69fi �,�'-_570,375,677,�-f327,eS6,573 4 31713ec-94'- S262,429,261 $71,987,364 _� �$334,416,625 �_ , t,-31-Dec,-DS"^ W 52G7,678,553��.tS73,427,2,84 `�5341,ID5,837 S8,376.550,797 S2,506,931.320 $11,268,121,816 MnnCap,1- IS- Exbmt b1.4 'S. F_<BOdt P1.6. EXHIBIT E MAP AND DESCRIPTION OF THE PROPOSED USES OF THE PROPERTY (CURRENT CONCEPT PLAN) G I I I 1 1 \ ` I I I I 1 I I � I I I I 1 I I it I I � �I 1 INDUSTRIAL I +/-s4aC. ,� _ALE00-f0�1i-OAD------� l INDUSTRIAL z MIXED-USE 2D5 AC. +/-526 AC. 4!o }� Zli u.r al4 I Y� ! wJo �j= lz F 11g7 - tj08 INDUSTRIAL Ijo H MIXED -USE H +I 13 AC (MIXED-USE/-95AC. aft +/-11 AC lI MIXED -USE I 1 � +J-47 AC. MIXED -USE 1jj I +/-106 AC. MIXED -USE +/-66 AC, SINGLE FAMILY 1 +/-37 AC. i' r SINGLE FAMILY 4182 AC. SINGLE FAMILY +/-175 AC. I 1 1 'ram` SINGLE FAMILY J SINGLE FAMILY I+ 215AC + 237AC. I`MIX+ED(-USE I /-15iAC. i I� I� I SINGLE FAMILY +/-58 AC SINGLE FAMILY +/-209.5 AC r � I r E i INDUSTRIAL +J--1 3 AC. 0 h4 G MIXED -USE +/-167 AC. INDUSTRIAL +/-440 AC. rSINGLE FAMILY / I +/ 102 AC. XED-USE SINGLE FAMILY , I +/-72 A +/-40 - — I SINGLE FAMILY I! E +/-35 AC {- SINGLE FAMILY j +/-84AC ENGWLE FAMILY NGLE FAMILY j +/-4J-42 AC. jl SINGLE FAMILY +/43 AC. SINGLE FAMILY +/-569 AC ► `.��N � � •. � as +�RR� ��� MIXED -USE +/-14.9 AC INDUSTRIAL +/-287 AC. y� ti1* ip...a lll�lG ♦. '�.1;'�` r xi•+�' ail.' y r a� M 1-1 PMB PROJECT CONCEPT PLAN wlwxer. wR [ l prtpgy; TpM �`.�� I o,Rn uenuzs CRYCIFFORTWORTH,TARRM AHTCOUY,TX k^ �T NTUM71 NWRER EXHIBIT F LIST OF PARCELS IN THE ZONE (See Exhibit H) EXHIBIT G-1 PROJECT COSTS ESTIMATED PROJECT COSTS Proposed TIRZ Projects Total Residential Excavation $0 Sanitary Sewer $0 Storm Sewer $59,000,000 Water Distribution System $0 Roadway Improvements (Residential) $0 Roadway Improvements $49,000,000 Retaining Walls $0 Public Landscaping, Trails, and Parks $3,000,000 Private Landscaping/Screening $0 Engineering and City Fes $36,000,000 Financing Costs (including Cost of Issuance) $36,750,000 Other Soft and Miscellaneous Costs (including Contingencies and Economic Development Grants) $55,125,000 Subtotal Residential $238,875,000 Master Infrastructure Excavation $0 Sanitary Sewer $23,000,000 Storm Sewer $11,000,000 Water Distribution System $24,000,000 Roadway Improvements $167,000,000 Public Landscaping, Trails, and Parks $50,000,000 Water and Sewer Per Acre $17,000,000 , Engineering and City Fes $61,000,000 Financing Costs (including Cost of Issuance) $88,250,000 Other Soft and Miscellaneous Costs (including Contingencies and Economic Development Grants) $132,375,000 Subtotal Master Infrastructure $573, 625, 000 Total Proposed TIRZ Projects costs financed $812,500,000 EXHIBIT G-2 AUTHORIZED IMPROVEMENTS Exhibit D Authorized Improvements 1. The Authorized Improvements shall consist of all items defined as Authorized Improvements under Texas Local Government Code Chapter 372.003, except that the following shall not be Authorized Improvements: (a) Water lines having a diameter of 8" or less located in and serving a for sale or rent single family home, cottage home, and townhome residential subdivisions will not be eligible for reimbursement. Oversizing of lines in and serving residential areas must be approved by the City. (b) Sanitary sewer lines with a diameter of 8" or less located in and serving a for sale or rent single family home, cottage home, and townhome residential subdivisions will not be eligible for reimbursement. Oversizing of lines in and serving residential areas must be approved by the City. (c) Local residential streets, as defined by Fort Worth Master Thoroughfare Plan, will not be an Authorized Improvement. 2. In conjunction with the negotiation of the Master Reimbursement Agreement, the Parties shall provide additional detail as to the Authorized Improvements and the current Budgeted Costs thereof, including a calculation of the maximum cost of the Authorized Improvements to be reimbursed over the Term of this Agreement. The Budgeted Cost of an Authorized Improvement shall be updated through the date the applicable Authorized Improvement is completed. 3. Roads. (a) The Budgeted Costs of a road shall include all costs thereof authorized to be funded under the PID Act, including, but not limited to, the acquisition, construction, improvement, widening, narrowing, closing, and re-routing of streets, roadways, bridges, and arterials and the installation of sidewalks, right-of-way landscaping, lighting, monumentation, masonry screening and wayfinding. (b) If a Developer owns the Property on which a street is to be built, then the value of the road right-of-way to be dedicated to the City shall be an Authorized Improvement, subject to reimbursement from the PID or TIRZ based on the fair market value of such Property at the time of dedication, as determined by an independent appraiser mutually agreed upon by the Developer and City. 4. Water Facilities. (a) The Budgeted Costs of water distribution facilities shall include all costs thereof authorized to be funded under the PID Act, including, but not Iimited to, the acquisition, construction, and improvement of water and reclaimed water supply Iines and related facilities and equipment, including master infrastructure Iines or facilities, including the Ventana Pump Station 24" Water Lines and/or Water Main Exhibit D, Authorized Improvements — Page 1 Capacity Charges, if those costs and benefits are allocable to any portion of the Property. (b) If a Developer owns the Property on or under which water infrastructure is to be built, the dedication of an easement or other property right for a water infrastructure will not be subject to reimbursement from the PID or TIRZ. 5. Wastewater Facilities. (a) The Budgeted Costs of wastewater facilities shall include all costs thereof authorized to be funded under the PID Act, including, but not Iimited to, the acquisition, construction, and improvement of sanitary sewer lines, Force Main, Lift Station and related facilities and equipment. (b) Per acre charges and/or previously paid items for any existing or future master infrastructure lines or facilities, including the Ventana Lift Station, Benbrook Interconnect engineering and Force Main, will be eligible Authorized Improvements if those costs and benefits are allocable to any portion of the Property. (c) If a Developer owns the Property on or under which wastewater infrastructure is to be built, the dedication of an easement or other property right for the wastewater infrastructure will not be subject to reimbursement from the PID or TIRZ. Stormwater Facilities. (a) The Budgeted Costs of stormwater facilities shall include all costs thereof authorized to be funded under the PID Act, including, but not limited to, the acquisition, construction, and improvement of stormwater drainage and detention improvements and related facilities and equipment. (b) If a Developer owns the Property on or under which stormwater facilities are to be built, the dedication of an easement or other property right for the stormwater facilities will not be subject to reimbursement from the PID or TIRZ 7. Landscaning. (a) The ' Budgeted Costs of landscaping facilities shall include all costs thereof authorized to be funded under the PID Act, including, but not limited to, the planting and maintenance of special supplemental landscaping and the construction and maintenance of supplemental irrigation systems, fountains, ponds, lakes, parks, and open spaces, playgrounds, athletic facilities, pavilions, trails, lighting, and benches. (b) If a Developer owns the Property on which landscaping is to be built, then the value of the land to be dedicated to the City shall be an Authorized Improvement, subject to reimbursement from the PID or TIRZ based on the fair market value of such Property at the time of dedication, as determined by an independent appraiser mutually agreed upon by the Developer and City. Exhibit D, Authorized Improvements — Page 2 8. Budgeted Costs shall include the cost of financing the Authorized Improvements to the maximum extent allowed under the PID Act, including, but not limited to, the cost to issue and sell PID Bonds, including: i. Bond issuance costs ii. Legal and financial costs iii. Credit enhancement costs iv. Costs incurred in the establishment, administration, and operation of the PID v. Debt service reserves 9. Budgeted Costs shall include to the maximum extent allowed under the PID Act the cost to create and administer the PID, including (i) City, Developer and Owner consultants, and (ii) all fees paid to the City relative to creation of the PID (i.e. the City's $35,000 and $150,000 fees). 10. Authorized Improvement Costs shall include all "soft costs," such as engineering costs, construction phase engineering services, construction costs, public bidding advertising costs, easements, permits, IPRC Engineering Plan Review fees, material testing costs, administrative material testing costs, construction inspection service fees, water lab testing fees, franchise utility relocation costs, and the cost of public notifications. Exhibit D, Authorized Improvements — Page 3 EXHIBIT H CURRENT APPRAISED VALUE OF THE ZONE (BASE YEAR) Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Base Year Market Value vs Taxable Value 2023 Taxable Property 1D Acreage County Land Use Owner Market Value' Valuer'= 3910903 0.8800 Tarrant County ResAg PMB Rolling V South Land LP $3,916,903 $52 4144066 29 20W 7 arrant Court* ResAg PMB Rolling V South Land LP $300,000 $2,308 4224310 714630 Tarrant County ResAg PMB Rolling V South Land LP $630,241 $4,216 49€4297 4.9200 Tarrant County ResAg PMB Rolling V Sauth Land LP $83,640 $389 6234097 271.1100 Tarrant County ResAg PMB.Rolling V South Laud LP $2,027,770 $15,995 6234119 172.3200 Tarrant County ResAg PMB Roiling V South Land LP $1,670,300 $10,167 40518566 4.1400 Tarrant County ResAg TRT Land Investors LLC $74,520 $327 40549952 33.4000 Tarrant County ResAg TRT Land Investors LLC $342,350 $1,971 40549860 1.0000 Tarrant County Single Family TRT Land Investors LLC $713,333 $785,354 41302796 16.0000 Tarrant County ResAg TRT Land Investors LLC $455,285 $214,229 41460901 15.0000 Tarrant County ResAg TRT Land Investors LLC $235,000 $1,185 42231491 2 1900 Tan -ant County Residential - Vacant TRT [.and Investors LLC $43,800 $43,800 42241225 40.1600 Tarrant County Residential - Vacant PMB Ventana DeveioperSouth LLC $411,120 $411,120 42308346 1.5880 'I arrant County ResAg TRT land Investors LLC $31,760 $125 42308354 4.0930 Tan -ant County ResAg TRT Land Investors LLC $77,767 $323 42346213 6.6000 Tarrant County ResAg TRT [.and Investors LLC $67,650 $389 42346221 0.8620 Tarrant County ResAg TRT Land Investors LLC $7,834 $51 42346230 3.8400 Tarrant County ResAg TRT Land Investors LLC $76,800 $303 42346248 0.2100 Tarrant County ResAg TRT Land Investors LLC 54,200 $17 42491221 13,soon Tarrant County ResAg TRT Land Investors LLC $202,050 $1,066 42502339 15.0000 Tarrant County RcsAg TRT Land Investors LLC $235,000 $1,185 42721243 111. L970 Tarrant County ResAg PMB Rolling V South Land LP $909,379 $6,561 42721413 23.8500 Tarrant County ResAg PMB Rolling V South Land LP $371,198 $1,407 42721430 24,4200 Tarrant County ResAg PMB Rolling V South Land LP $300 940 $1,929 42724447 81,3700 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $699,590 $699,590 42724455 5.29W Tarrant County Residential - Vacant PMR Ventana Developer South LLC $105,800 $105,800 42724463 7.7500 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $147,250 $147,2% 42792684 L0640 Tarrant County ResAg TRT Land Investors LLC $9,634 $63 42792692 0,6800 Tarrant County ResAg TRT Land Investors LLC $6,180 $40 42782706 2.6900 Tarrant County ResAg TRT Land Investors LLC $24,448 $159 42732714 12.7000 Tarrant County ResAg TRT Land Investors LLC $115,426 $749 42797321 961.5110 Tarrant County ResAg TRT Land Investors LLC $0 $0 42797339 387.0770 Tarrant County ResAg TRT Land Investors LLC $2,839,539 $22,838 42797347 145.0000 Tarrant County ResAg TRT Land Investors LLC SL145,000 $11,455 42797517 0,5580 Tarrant County ResAg TRT Land Investors LLC $ 11,160 $33 42820616 41,3900 Tarrant County ResAg PMB TEAM RANCH DEVCO LLC $619,730 $3,270 42820624 0.1380 Tarrant County RcsAg PIvTB 120 LAND LP $5,520 $1 I 42820632 13.2670 Tarrant County ResAg PMB TEAM RANCH DEVCO LLC $422,869 $1,048 42820641 19,5860 Tarrant County ResAg PMB 120 LAND LP $467,102 $1,547 42830522 184.9500 Tarrant County ResAg PMB 120 LAND LP $0 $0 42894784 5.1600 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $103,200 $103,200 42894792 11.5000 Tarnwit County Residential - Vacant PMB Ventana Developer South LLC $210,500 $210,500 42894806 1.8590 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $37,180 $37,180 42894814 0.6600 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $13,200 $13,200 3961694 4,7780 Tarrant County ResAg PMB 170 LAND LP $o $0 3861716 18.5800 Tarrant County ResAg TRT Land Investors LLC $260,060 $1,468 3910520 20.5976 Tarrant County ResAg PMB 120 LAND LP $0 $0 3910830 18.9600 Tarrant County ResAg TRT Land Investors LLC $222,717 $1,490 4098382 194760 Tarrant County ResAg PMB 120 LAND LP $459,332 $ f 460 4098420 0.8470 Tarrant County ResAg TRT Land Investors LLC $16,940 567 4121376 1.0000 Tarrant County Single Family TRT Land Investors LLC $169,405 $169,405 4197593 2L7050 Tarrant County ResAg PMR .VealeLand Investors ILP $309,935 $1,517 4224442 481.9200 Tarrant County ResAg TRT Land Investors LLC $3,503,440 $28,433 4299t67 46.0000 Tarrant County ResAg TRT Land Investors LLC $363,546 $2,360 4305043 4.2630 Tarrant County ResAg TRT Land Investors LLC $38,745 $252 4305213 158.6080 Tarrant County ResAg PMR Vitale Land Investors I LP $1,240,256 $9,358 4312694 15,0000 Tarrant County ResAg PMB Veaue Land Investors 1 LP $164,500 $1,185 5950260 400.8000 Tarrant County ResAg TRT Land Investors LLC $2,935,600 $31,663 6265081 1.0000 Tarrant County Single Family TRT Land investors LLC $216,953 $216,953 7652615 4.0000 Tarrant County Single Family TRT Land Investors LLC $1,109,954 $1,109,854 40549879 11,0000 Tarrant County ResAg TRT Land Investors LLC $207,000 $649 42988568 1.0120 Tarrant County Vacant Commercial City of Fort Worth $0 $0 42989475 56,7800 Tarrant County ResAg Wal-Mart Stores Fast LP $0 $0 42989483 13.8500 Tarrant County ResAg PMB 120 LAND LP $0 $0 42999335 5.9800 Tarrant County ResAg Wal-Mart Stores East LP $0 $0 42989441 37,6300 Tarrant County ResAg Wal-Mart Stores East LP $0 $0 42989467 3.5700 Tarrant County ResAg Wal-Mart Stores East LP $0 $0 42989459 26000 Tarrant County ResAg Wal-Mart Stores East LP $0 $o Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Base Year Market Value va Taxable Value 2023 Taxable Property rD Acreage County Land Use Owner Market Value' val.e'., 42989432 57.4300 Tarrant County ResAg Wal-Mart Stores East LP $0 so 67.0000 Z0 R000050465 Parker County Not Zoned TRT Land Investors LLC &4,094,000 $7,830 -'R0000 7--tkfil.�'d Investors LLt7 ....... . 19 —t 178.1750 Parker County Not Zoned $4,098,030 $7,940 _KO09631 R and 7$223.j6d' 7 R000063226 1.0000 Parker County Not Zoned TRT Land Investors LLC $467,600 $467,600 J! iM R000095225 1.0000 Parker County Not Zoned TRTLand,Investors LLC $302,650 $302,650 - ,-- --' —,., Total 5192.11 $53,131,152 $5,256,331 I - Values obtained from Tarrant County Central Appraisal District ana Parker County Appraisal District in September of2023. 2 - Values obtained from Parker County Tax Assessor and Tarrant County Tax Accessor. Summary of All Parcels Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 4187,74 $29,096,167 $395,975 Various Single Family 7.00 $2,209,545 $2,281,566 Various Residential- Vacant 155,94 $1,771,640 $1,771,640 Various Vacant Commercial 1,01 $o $0 Various NotZoned 840,42 $20,053,800 $807.150 Total 5192.11 $53,131,152 $5,256,331 Tarrant County Parcels Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 4187.74 $29,096,167 $395,975 Various Single Family 7.00 $2,209,545 $2,281,566 Various Residential - Vacant 155.94 $1,771,640 $1,771,640 Various Vacant Commercial 1.01 $o $0 Various Not Zoned 0.00 $0 $0 Total 4351.69 $33,077,352 $4,449,181 Parker County Parcels Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 0,00 $D $o Various Single Family 0.00 $o $0 Various Residential - Vacant 0.00 $o $0 Various Vacant Cornmcrcial. 0,00 $o $0 Various Not Zoned 840.42 $20,053,800 $807,150 Total 840.42 S20,053,800 $807,150 City of Fort Worth, Texas Mayor and Council Communication DATE: 08/27/24 M&C FILE NUMBER: M&C 24-0736 LOG NAME: 17TIF16COUNTY SUBJECT (ETJ) Authorize Execution of an Agreement with Tarrant County for Their Participation in Tax Increment Reinvestment Zone No. 16, Veale Ranch, City of Fort Worth, Texas, and Adopt Ordinance Approving an Amended Project and Financing Plan that Reflects Tarrant County's Participation in the Tax Increment Reinvestment Zone No.16, Veale Ranch RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of an agreement with Tarrant County for their participation in Tax Increment Reinvestment Zone No. 16, Veale Ranch, City of Fort Worth, Texas; and 2. Adopt an ordinance approving an amended Project and Financing Plan that reflects Tarrant County's participation in the Tax Increment Reinvestment Zone No. 16, Veale Ranch. DISCUSSION: On September 12, 2023, the City Council adopted Ordinance No. 26420-09-2023, establishing Tax Increment Reinvestment Zone (TIRZ) Number 16, City of Fort Worth, Texas (Veale Ranch) and a governing Board of Directors (Board). On November 14, 2023, the City Council adopted Ordinance No. 26581-11-2023 approving the Project and Financing Plan for the TIRZ. On June 18, 2024, Tarrant County and its Commissioners Court (County) authorized the County to enter into an agreement to participate in the TIRZ and to pay into the TIRZ fund fifty percent (50%) of the County's collected incremental tax revenue from the incremental increase in the value of real property located in the TIRZ, beginning with tax year 2024 through December 31, 2052, or until a maximum cumulative contribution of $154,684,773.00 has been paid by the County, whichever occurs first. To reflect the County's participation in the TIRZ, an amendment to the Project and Financing Plan is proposed for adoption by the City Council. Staff recommends that the City Council authorize entering into an agreement with the County for its participation in the TIRZ and to adopt the attached ordinance adopting an amended Project and Financing Plan for the TIRZ, as adopted by the TIRZ's Board. The proposed Veale Ranch TIF is located in both the City's corporate limits and the City's extra -territorial jurisdiction. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION ! CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. Submitted for Citv Managers Office bv: William Johnson 5806 Oriainatina Business Unit Head: Robert Stums 2663 Additional Information Contact: Michael Hennig 6024 Cherie Gordon 6053 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaie Ranch) Exhibit C-1.25.2: Proiected Assessed Value - 2049 DeveloDmentI - Tarrant Countv Residential Commercial Development 2.0% Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Of Factorz Sq Ft; Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 I-Jan-24 I00% 0 $213 s0 0 $62 $0 0 31-Dec-24 I-Jan-25 102% 0 $217 s0 0 $63 s0 0 31-Dec-25 1-Jan-26 104% 0 $226 s0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 s0 0 31-Dee-27 I-Jan-28 108% 0 S235 $0 0 $67 $0 0 31-Dec-28 1-Jan-29 110% 0 S240 s0 0 S68 s0 0 31-Dec-29 I-Jan-30 113% 0 $245 $0 0 $70 $0 0 31-Dec-30 1-Jan-3l 115% 0 $249 $0 0 $71 s0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 s0 0 $74 $0 0 31-Dec-33 I-Jan-34 122% 0 $265 $0 0 S75 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 31-Dec-36 I-Jan-37 129% 0 $281 $0 0 S80 $0 0 31-Dec-37 I-Jan-38 132%. 0 $287 $0 0 $82 $0 0 31-Dec-38 I-Jan-39 135% 0 $292 $0 0 $83 $0 0 31-Dec-39 I-Jan-40 137% 0 $298 $0 0 $85 $0 0 31-Dec-40 I-Jan-41 140% 0 $304 $0 0 $87 $0 0 31-DecAl I-Jan-42 143% 0 $310 $0 .0 $88 $0 0 31-Dec-42 I-Jan-43 146% 0 $316 $0 0 $90 $0 0 31-Dec-43 I-Jan,44 149% 0 $323 $0 0 $92 $0 0 31-Dec-44 I-Jan-45 152% 0 $329 $0 0 $94 $0 Q 31-Dec-45 1-Jan-46 155% 0 $336 $0 0 $96 so 0 3I-Dec-46 I-Jan-47 158% 0 $342 $0 0 $97 $0 0 31-Dec-47 1-Jan-48 161% 0 $349 $0 0 $99 $Q 0 3I-Dec-48 I-Jan-49 164% 0 $356 s0 0 $101 so 0 31-Dec-49 I-Jan-50 167n/o 362,573 $363 $131,779,254 245,243 $103 $25,372,585 157,151,839 31-Dec-50 1-Jan-51 171% 362,573 $371 $134,414,839 245,243 S106 $25,880,037 160,294,976 31-Dec-51 I-Jan-52 174% 362,573 $378 $137,103,136 245,243 $108 $26.,397,637 163,500,773 31-Dec-52 I-Jan-53 178% 362,573 $386 $139,845,199 245,243 $110 $26,925,590 166,770,789 31-Dec-53 1-Jan-54 181% 362,573 $393 $142,642,103 245,2443 $112 $27,464,102 170,106,205 31-Dec-54 1-Jan-55 185% 362,573 $401 $145,494,945 245,243 $114 $28,013,384 173,508,329 31-Dec-55 1-Jan-56 1881/0 362,573 $409 $148,404,944 245,243 $117 $28,573,652 176,978,495 31-Dec-56 1-Jan-57 192% 362,573 $417 $151,372,941 245,243 $119 $29,145,125 180,518,065 31-Dec-57 1-Jan-58 196% 362,573 $426 $154,400,199 245,243 $121 $29,728,027 184,128,427 31-Dec-58 1-Jan-59 200% 362,573 $434 $157,488,407 245,243 $124 $30,322,598 187,810,995 31-Dec-59 I-Jan-60 204% 362,573 $443 $160,638,176 245,243 $126 S30,929,039 191,507,215 31-Dec-60 1-Jan-61 208% 362,573 $452 $163,850,939 245,243 $€29 S31,547,620 195,398,559 31-Dec-61 1-Jan-62 212% 362,573 $461 $167,127,958 245,243 $131 $32,178,573 199,306,530 31-Dec-62 1-Jan-63 216% 362,573 $470 $170,470,517 245,243 $l34 $32,822,144 203,292,661 31-Dec-63 I-Jan-64 221% 362,573 $480 $173,879,927 245,243 $137 $33,478,587 207,358,514 31-Dec-64 I-Jan-65 225% 362,573 $489 $177,357,526 245,243 $139 $34,148,159 211,505,685 31-Dec-65 1-Jan-66 230% 362,573 $499 $180,904,676 245,243 $142 $34,831,122 215,735,798 31-Dec-66 l-Jan-67 234% 362,573 $509 $184,522,770 245,243 $145 $35,527,744 220,050,514 31-,Dec-67 I-Jan-68 2391/0 362,573 $519 $188,213,225 245,243 $148 $36,239,299 224,451,525 31-Dec-68 1-Jan-69 244°% 362,573 $529 $191,977,490 245,243 $151 $36,963,065 228,940,555 31-Dec-69 1-Jan-70 249%n 362,573 $540 $195,817,040 245,243 $154 $37,702,326 233,519,366 31-Dec-70 I-Jan-71 254% 362,573 $551 $199,733,380 245,243 $157 $38,456,373 238,199,753 3I-Dec-71 1-Jan-72 259% 362,573 $562 $203,728,049 245,243 $160 $39,225,500 242,953,549 31-Dec-72 1-Jan-73 264% 362,573 $573 $207,802,609 245,243 S163 $40,010,010 247,812,619 31-Dec-73 I-fan-74 269% 362,573 $585 $211,958,661 245,243 $166 $40,810,211 252,768,972 31-Dec-74 1-Jan-75 275%n 362,573 $596 $216,197,834 245,243 $170 $41,626,415 257,824,249 31-Dec-75 1-Jan-76 280% 362,573 $608 $220,521,791 245,243 $173 $42,458,943 262,980,734 31-Dec-76 1-Jan-77 296% 362,573 S620 $224,932,227 245,243 $177 $43,308,122 269,240,349 31-Dec-77 I-Ian-78 291%n 362,573 $633 $229,430,871 245,243 $180 $44,174,285 273,605,156 31-Dec-78 1-Jan-79 297% 362,573 S645 $234,019,489 245,243 S184 $45,057,770 279,077,259 Municap, Inc. According to the Tarrant Count Appraisal District property is assessed as nflanuary 1 annually. During coonsinretion, the assessed value represents the portion of the building completed as of January 1 Assumes no assessed value during construction zAssurres an annual inflation factor of 2.0%. Provided by the Developer_ Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.26.1: Proiected Assessed Value - 2050 Develonmentl - Summary Residential Commercial Development 2.0% Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Oe Facto? Sq Ft; Sq Ft Assessed Value Sq Ft; Sq Ft Assessed Value Assessed Value uµ 3I-Dec-23 ___1-Ja_n-24 _ _ �1-Jan-25 100% - _- • 0 $213 - so .._ 0 .-m $62 - $0. x - 0 �- - 31-Dec24 102% 0 $217 $0 0 $63 $0- 0 " - - - p 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 31-Dec,27• _'' • 1-Jan-28 .. 108% r 0 ".,.. _ _ ._. " :; _... _!,.O M $5T $0 : -_..K „ __.....__ . p 31-Dec-28 1-Jan-29 .. 110% _., 0 _ _$235...._-...r,___,$0., $240 $0 0 $68 $0 0 31 Dec-29 1-Jan 30 l 13 /o' .. 0 $245 M _ _ 31-Dec-30 1-Ian-31 115% 0 $249 50 0 $71 $0 0 117%� - d-~ -- $254_ ._. ..._ $U - ._..__.-�0.- _ 572 ,_ _.- 30 -- 1 31-Dec-32 1-Jan-33 �1200/0 0_ $0 0_ $74 $0 0 _ 1-J t .31-Dec-33 r_ an-34 Tv_ _ _ _ Z22% - 0 _ _$260_ _ n 5263 .__- $0 - 4-� 0 _$75 50 ; ^$_270_ r 0 -0� 31-_Dec-34 1-Jan-35� 124%� 0 $0 0 $_77 $0 31-Dec35 _ 1-Jan46 Y127_°/v _ 0 Y $275-� $0 - - �_ 0_.__-�.._.'$78 w - 31-Dec-36 1-Jan-37 I29% 0 $281 $0 0 $80- $0 0 _ I 31-I?ec37__ _ : 1-Jan-3_8-�� 132%� _� �0$287�0 _ _.�.._„ _ $82 _ _ �0 31-Dec-38 1-Jan-39 I35% 0~ $292 $0 0 $83 $0 1- 4 w31-Dec 39ry �` 1 Jan 40 a 137°/a• „� D._ a -, y. $298- .� 0 $85 _ NO Ja$87- .. .$0 µ ., I-JanAI 140% TO $304~ $0 ^ $0 0 _31-Dec-40 3I-Dec4] _,� _-,1-J_a_n-_42 ' w_ 1_43% .,_D �0 :"31_0� $0_ �_.. _. -�$316 J 0..._._$68 - w -_ _ __. $� -_' 0:_.._.._ .f _Z.w�. - 31-Dec-42 _ I-Jan-43 146% __, $0 _.._. 0' $90 $0 0 31 Dec-43 � �1 Jan 44_ 149%0 _ _O Y$323 - >_ S0 Y$0 - _U ---. - _-- S_92 _ _ , SO ..� -o .. - _._� 31-Dec-44 I-Jan-45 152% 0 $329 0 �91-I]ec-45. _1-Jan 46� - _155%�-_ - 0 $336 _ _ �$0 -- O .-_ - -- -$96 $00_. 031-Dec-46 I-Jan-47 15801a 0 $342 $0 0 $97 $0 0 31-Dec 47 _ T44148 J 161%L. --_'. _ �0. a$349' �. - W $0 _a _ _ - -0 u..._ 9 _.._ A. -u$99T _ _ - I-Jan49 164%° $356 $0� 0 $101 $0 0 _31-Dec-48 Tan-5 D ., ._..� J670% ._.. �. $363 $0� - _ -198,835,221 31-Dec-50 1-Jan-51 171% 450,413 $371 301,871 $106 $31,855,899 _'. 450,4_13�_ µ $378_ -$386 _$166,979,333 .$170,3.18,919__ _301,871 r�a $IO_8 $32,493,007� ry;202;811,926 31-Deo-524� 1-Jan-53 178% 450,413 $I73,725,298 301,871 $33,142,867 206,868,164 31-Deo-53� _ _ 1-Jan-54^ - 181% _�450,413 ^ $393 _ �$I77.19_9,803_ N 301,871 _$11_0 $112� _ '�$33.805.724 ter' 21I,OOS,S_28 �1 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 2I5,225,638 3]-Detr55 -- - -- ]-Jan,56 166%�_ 450,413 �450,413 _ -- - M1 $409 -- - __ $I84,358 76 _ �$188,045,849 _ $lI7 __ .�_ $35,171.175 _2_19,53_O,iSI - 31-Dec-56 1-Jan-57� 192°/n -$4-117 - _ -'301,871�, 301,871 $119 $35,874,905 223,920,754 31-Dee 57 _ v� 1-Jan-58 w � _ 196% __ 450,413 _ _ _$426 _ _ $191,806.766 _� 301;$71 _ �_ $121_� $36,592,403 _µ 228.399.169_ F j 31-DeF58 1-Jan-59450,413 $195,642,901 301,871 $124 $37,324,251 232,467,I52 31 Deo-59Y _ I-Tan-60 - i.._._,.`_._, - 204°/D - ,,,45D 413 _ _$434 Y $443 µ _ - - - - _ �-_ _ .:.$I99,555,759 ' 301,S71Y _ t $126, _ _ $38,070,736- N , 237,626,495 ,j �242,379,025 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 361,871 $129 $38,832,151 3. 31,Dec 61 E- ,I-Jan-62' _212% QSD'41.3 $461 $Yl1 .1-1' . 301',871 7 Lkf4 °'' $39,60$,794 '' 247,226,606. p 31-Dec-62 I-Jan-63 216% 4501413 $470 301,871 $134 252,171,138 _ 31Dec=63'�P 1-Jan 64 Y 450,413- $480 __$211,770,168 _ $216,005,572- 301;$71 ' H $137--� _$40,400,970 �$41,208,989-� - 257,214,561 �f 31-Dec-64 _µ221%rti I-Jan-65 225% 450,413 $489 $220,325,683 301,871 $_139 S42,033,169 262,358,852 31VDzG651-Jan-66' 230%w 450,4f3 _ _ _ M- $499Y4 -$224;732,i97- 301,871� _ $142--$42,873,832�r267,606,029_-� 31-Dec.66 234%_ 450,413 $509 $229,22_6,941_ 301,871N $145 $43,731,309 272,958,149 _1-1an-67� _ i = _31,Iko-67 ry�_l-laA-68 ^___239%T - 450;413_ 4 5519 - 5233;8I1,378__T-�, 361,871- _ rS148 �T, Y_$151 _ $44,695,9_35 y'278,417,3Z2 31-Drc-68 1-Jan-69 T 2_44%_ 450,413 $529 $233,487,605_ 301,871 $45,498,054 283,995,659__ _ _ 31-Dec l-Jan 70 _ „ _249% �_ ti 450,413_ _ $54_D $243;257,357 -_ -' 301,871 ' _ _ _ :; $154 e -� $46,408;015 �$47,33b,175 _ 289 66_5,372 " µ295,458,679 31-DeF70 t-Jan-7[ 254% 450,413 $551- $248,122,504- 301.871 $157� ,.. _ _$48,282,898301,367,653,„ 31-Deo-72 1-Jan-7_3 264% 450,413 $_573 $258,146,653 3_01,871 $16_3 $49,248,556 307,395,210 1 31_Dec,73 .� ,1 Jan74 _^ 269%' 450,413 -V $S85 $263309.587 M 30,1,871 ^ $166 °_TM_ $50,233,528 �:J 313,543,114_.r µ 31-Dec-74 1-Jan-75 275% 450,413 $596T $268,575,776 3D1,871- $170 $51,238,198 319,813,976 31Dec-75 . "mil-Jan-76 280% 450,413 $fi08 $27_3;947,294_ 301 871 J_- $173- --' $32,262 96232_6 210,25_6 31-Dec-76- -.a.... _ 1-Jan-77 ..... 286% 450,413 - _.,_ _ $620 _� -, $279,426,240 T 301,871 $177 ,._ $53,308,221 332,734,461 i 3I�De67T �hJan-78 -- --_ 291%a _ _ A _450413�_ $63_3 $28S,OL4,765q - �3D1'�- 871- W � - -$180 - _ --_S_54,374,386 _ -� 339,384,1S0� Y 31-Deo-78 1-Jan_-79 297% 450,413 $G45� $290,715,060 301,871 $184 $55,461,873 346476,933 F'_A wDec-79 , -1-1an-80� _ 303% 450,413 $658-w $296,529,3fi1 -� 301,871 _$18T--$56,571,]11 x 353,100472 MuniCap, Inc. [According to the Parker County Appraisal District and Tarrant Count Appraisal District property is assessed as of January 1 annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes nD assessed value during construction. =Assumes an annual inflation factor of 2,1P/a. 'Provided 6y the Developer, 14 In Actom, ps"PuM�9 WK s{ 1 E 1 it ; 'R RAN a'a R � � iR f•1� ! 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M m� .n �G n m M P O M rCi n w v�i m M1 Y M e�y] N N M m N 5 w 5 H b a% a m �r� C>> qq qq!�} y M M y N H N H H H K� w N M N H M w {h N N H N H N w� w H H N N H H H H fA 1' N yy N .�pp N ��pp N n •n N N N � b ���� N� 1'''ppp FpJ V p .p p pyp I I � � � `�o O� 0°•6 N W O x F m V � r' t� iM'C � 9rp a.� � i0 i1 P O O � •�0 � ry - I ec ��1 N N � - - ^� H �n M�M b 1� pp p n IJ r SS .yyO ..YY^ ayY0 tr ✓J✓55 uly �n�pp MYp .p •V 1� p � p O _ e- T � ry N N � rim M V fO v. vd. v^] :O �G .O 7 v v� ¢ �% � n n M n @n W aCc .0 w M1 P !': a• to '- N ea � � p � v. � '� r 0. v v, v� ^ '^ +6 1+ i+ [� a OA •0 A P @ n hgg «: ^ G < ? rry c• 1 � ✓s rnwH�:wywwH wwy Hwh3§�•n NN `YwwwwwNHy IA � N N✓. V! YY� din H N H 6q.�= N fA N iN N iA N my 64 N y y w �+f •r 4T ✓I W � e5 N h N � fF � � N H � iM M � w 6R O .^. a .^. O J - O J O P a 0= �/? � O .� '• V a o Q 7 d d a d d@ C d G 0= 0 0„ 0 �Y a w �d` v a �f V d Q �Y � Y a d d -�i Q y Q v@ d@ E SE„ N � Y u ry., .ar moo-N �e n- n r.�rmaa n ao-ti�� . son ti E A ^' '; Y Y Y Y � Y Y 4'i �'. -• '^ �•^ '4 '� '4 � '4 `4 Y � '4 ^ w Re(mrstmenl Zone Number Kween Fort North, Texas (Peale Ranch) Exhibit C-1.20,2 Proiected Assessed Value -20" DevelQOmcntl - Tarrant Country Residential Commerctal Development 2.0% Mulu-Family Industrial Office Retail (Bit Box) Retail (Pad/Inline) Year A—sscd Inflation Value Per Projected Value Per Projected Value Per Projected Value per Projected Value Per Pmjt ctcd Total Projected End. 31-03 A" Oe 1-Jan-24 Factof 100% Ft� ft U13 Assessed Value $O So Ft' 0 O R ia2 Assessed Value Sq Ft- D Ft 093 Assessed Value S� Fi Ft N Assessed Value S9 Ft' Ft 45 Assessed Value Assessed Value 31-Dec-24 I-Jan-25 102% 1; S217 SO 0 S63 SO SO 0 $187 SO Su U 0 $85 $0 $0 0 0 $281 30 $0 0 (1 31-Dec.25 I-Jan-26 104% 0 $226 SO 0 S64 S0 0 $191 SO 0 $87 $0 0 $296 s0 0 31-Dec-26 I-Jan•27 106 % 0 $230 SO 0 S66 SO 0 S195 SO 0 S88 SO 0 $202 SO 0 31-lko•27 J-Jan-28 108% 0 $233 $0 0 $67 $0 0 $199 SO 0 $90 SO 0 S299 $D 0 3l-Dec-28 Han-29 110% 0 $240 SO 0 $68 SO 0 $202 SO 0 S92 SO 0 $104 $0 0 31-DOc-29 1-Jan-30 113% 0 $245 s0 0 $70 SO 0 $206 $0 0 S94 $o 0 $310 so 0 31-Ike-30 I-Jan-31 113% It $249 SO U $71 SO 0 $211 $0 U S96 SO 0 $316 SO U 314Dso•31 I-Jan-32 117% 0 5251 So 0 $72 s0 0 $215 SO 0 $97 so 0 $322 SO 0 31-Dcc-32 1-1an-33 1211% U $26o $0 0 S74 NI 0 $219 SO D $99 s0 11 $329 SO 0 3143ee-33 1-Jan-34 122% 0 $265 s0 0 $75 $0 0 $223 SD 0 $101 s0 0 S335 SO 0 31•Dec-34 I-Jan-35 124% 0 $27(l $0 0 $77 SO 0 S228 S0 0 S103 so 0 $342 SO 0 3I-Dca35 1-Jan-36 127% 0 $275 $U 0 S78 s0 0 S233 So 0 Sim s0 D 5349 50 0 JI-Dec-36 I-Jan-37 l29% 0 S291 SO 0 SRII $0 0 SZ37 SO 0 $108 SO 0 5356 SO 0 ee 31-D-37 I•Jttn-38 132% 0 $297 ski $92 SO 0 S242 s0 0 $130 so 0 5363 SO 0 31-Dec•38 1-Jan-39 135N6 0 $292 $U 0 $91 SO 0 $247 SO 0 5112 SO 0 $171) SO D 31-Dec.'9 J-3an40 137% 0 $299 s0 0 $95 sell 0 5252 s0 0 $I34 SO 0 $378 SO 0 I-DCC4D I-]an-il 14U % 0 $304 so U S87 SO U 5257 $U U S116 SO 0 $385 $0 0 314Doc41 1-Jan42 143% 0 S310 s0 0 S88 SO 0 S262 $D 0 $119 so 0 $393 $D 0 31-Dcc42 I-Jan43 14h9,. 0 $316 SO 0 S911 SO 0 $267 SO 0 $121 SO D S401 SO 0 31-Dec43 ]-Jan-44 149% 0 S323 SO 0 S92 SO 0 $272 so 0 $124 SO 0 $409 s0 0 31-13m44 I-Jan45 152% 362,373 $329 S119,356531 245.243 $94 $22.990.732 1045" $278 S29,O49,R67 45.738 $126 $5.764.308 32.670 $417 $13.617.125 190.768,563 31-Deo-45 1-Jan46 153% 362,573 $336 S121,743,661 243,243 S96 $23.440,347 1D4-W $2113 $29,630,865 45.739 S129 S5,879,594 32,670 S425 $13,219,469 194,523.9.5 31-Dec46 1-Jan-17 159% 362.573 $342 S124,17R.534 245.243 S97 S23.909.153 104,544 $299 M.M,482 45,739 Sill] $5,997,196 32,670 $434 $14,167.257 198,475,613 31-Dec-47 I-lan48 161% 362.573 $349 S)26,662,105 245243 S99 $24.317,337 104,544 S295 $30.927,952 45,738 S134 S6,117,130 3Z670 $442 S14,450.602 202,445,126 31-Ne48 I-Jan-49 164% 362,573 S356 5129, 193,347 245.243 Sint S24,875,083 IIN.544 $301 $31.444,511 45,738 $136 $6,239,472 32,670 S451 $14,739,614 2U6,494,028 31-Dee-49 1.3an-50 167% 362,573 $363 $131,779,254 243,243 $103 $25.372,595 104.544 $307 - $32.073A01 45.739 $139 $6,364,262 32,670 $4,50 S15,034,407 210,623,909 31-Dec-511 1-Jan-51 171% 362,573 $371 $134,414,839 245,243 S106 $25,890,037 104,544 $313 S32,714,869 45,738 $142 $6,491,347 12,6711 S469 $15,335,095 214,936,397 314Dw51 14 -52 174% 362,573 $378 $137,103,136 245,243 slot S26,397,637 104.544 S319 $33369,166 45,739 S145 S6,62078 32,670 S479 $13.641.797 219,133,115 31-Doc52 I-Jan.S3 179% 362,573 S396 S139,845,199 245.24, $1111 S26,925.590 1114.544 5326 Sad R36.55ri 45,738 $149 $6753.806 32.670 SJ88 S13,954.633 223.515,777 31-13cc•53 ]•Jan-54 191% 36M73 $393 . $142.642,103 243,M3 $112 $27,464,102 104,544 $332 $34.717.281 45,738 $151 $6,998,992 32.670 $498 $16273,725 227.996,092 31-Dec-54 1-Ian-55 185% 362.573 S401 S145,494,945 245,243 S114 S28,013,384 104.544 $339 S35,411.626 45,738 $154 $7,026.659 32,670 S508 S16,599,200 232,545,1114 314Dcc-55 I•Jan-56 IBI% 362,573 $409 $148,404,944 245243 S117 S2.M.652 104,544 $345 $36,119,850 45,739 $157 S7,167,193 32,670 S519 $16,931.194 237.196,731 31-Dec-56 1-Jan-57 192% 362-573 $417 $151.372 941 245.243 S119 S29,145,125 1()1-544 S352 S36.842,256 45,738 S160 $7310,536 32,670 $529 S17.269.807 241 940,665 31-Dea57 1-Jan-58 196% 362,573 $426 $154,400,399 245243 $121 S29,728.027 ID4-W $359 S37.579,101 45,739 $163 S7,456.747 32,670 3539 S17,615,204 246.779,479 31-Dee-58 I-Jan-59 200% 362,573 $434 $157,488,407 243.243 $124 $30.322.588 ID4,544 $367 $38,330,683 45.738 $166 S7,605,1182 32670 $550 $17,967.508 251.715068 31-Dpc-59 Wan-60 204% 362,313 9443 S160,638,176 245.243 S126 M.929,039 MIS" $374 $39,097.297 45,73% SIID $7,752,000 32,670 1561 $19,126,858 256,740,369 31-Dec-60 I-Janb1 2(18% 362573 5452 $163.85U939 245.243 $119 $31.547.620 104.544 $381 $39.879,243 45,738 $173 $7913.1 ho 32.670 $572 $18.693,345 261.884,357 31-We 61 I-Im-62 212% 362,573 S461 S167,127,958 245243 Si31 532,17 j73 104,544 S389 640,676,828 45.739 $176 S8071,423 32,670 5584 $19,067,263 267,122,044 31-13m-62 I-Jan-63 216% 362573 S47D $170,470,517 245.243 S134 $32,922,144 104,544 $397 $41,490,364 45,738 S19b S8232,851 32671) S595 S19,448,608 272.464,485 31-Dw-63 I-Jan-64 221% 362,573 S480 $173,879,927 243,243 S137 $33.471,587 1D4,544 $405 S42,320,171 45,738 $184 $8,397,508 32,670 $607 $19.837,580 277,913,775 31-13-64 I-Jan-65 22SIM, 362.573 $494 S177,357,526 245,243 $134 S34,148.159 104.544 $413, S43,166,575 45,718 S187 S8565,459 32,670 $619 S20,234.332 293,472,050 31-3ee65 1-1an-66 230% 362.573 $499 5180,904,676 245243 $142 $34.831.122 104,544 $421 S44,029,906 45,739 S191 $3,736,769 32,670 S632 S20,639,019 299,141,491 31•D.- 6 1-Jan-67 234 % 362,573 $509 S184,522770 245.243 $14S $35.527.744 104,544 $430 544910,504 45.739 $195 $8911303 32670 $644 S21051794 294,924,321 31-1ioc-67 1-Jan-68 239% 362-573 $519 $18921343 245243 $148 $36.238299 104.544 S439 S45.808,715 45,739 S199 S9,089,733 32,670 S657 $21,472.835 300,922,907 31-13ce-68 1-Jan-69 244% 362573 $529 $191,977,490 245.243 S151 S36,963,065 104,544 $447 $46,724,889 45,738 $203 S9,271,528 32,670 5670 $21902,292 306,83926, 31-Mm-0 I-Jan-10 249% 36ZS73 $540 $195.617,040 245.243 $154 $37,702,326 104,544 S456 $47,639,337 45,738 $207 $9,456,959 32,670 S694 52 M,337 312,976,D49 31-Dec-70 1-Jan-71 254% 362.573 S551 S199,733.380 245.243 5157 U8;756.373 104.544 S465 $4861MN 45.739 $211 S9,646-D98 32.670 $697 S22,787,144 3 19.235570 31-Doo-71 t-Jan-72 259% 362,573 S562 $203,721.042 245243 $160 $39,223,500 104,544 $474 S49,584,826 45,739 S215 S9,139,020 32,670 1711 S23,242.887 325.620,221 11-Dcc-72 1-3an-73 264% 362.573 S573 S207.802.609 243.243 S163 S40.0 10.010 104.544 $494 S50.576.522 45.738 S219 S10,015,8041 32,670 S726 S23.707.745 332,132,697 31-Doc-73 i-Jan-74 269% 362,573 $585 $211,958,661 245,243 3166 S40,810211 104.544 $493 S51,588,053 45,738 $224 $10,236,516 32.670 $740 $24,181.900 331,775,340 'Acrnrdwp n, the'rmraat C.-It Appra,.nt Nana prnpmy a asc—d es of lo,nuuy I amtually Dunug c—t—wn. de U—m! valet rrl—n the po,M 1 of the hutlda g ,n,plo d m of ]=L-y I Am— au ay...d value during ca Uwj �Asatxne<an ennml udlamn Iattn of 2,04 'I'rurntnt be the I.,.k, rr j a�aqr� o� m,n,•ci, n_°O rr^ n�.me,� no nn��� ��e, �.�I°v i o 'y c n o c o o 0 o o o o c c ao �aaac coalm ^m oai'M1'aa ar•o Sri"�c Nn �'"'mm� _ - 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M vM1i G V b N N N N H N w N N N N N N N N N w N N N M N N N N N H y O m25 m P x o 0« C O J O O r�t1 n M rn rn n rn rn m to ref n M m r'1 t�l m rn M n m M [�1 M e00w00 NM Pm OM Om Tm E �y�wNw.Yi.aiR�IR.G[,.e61�$R�.Y�I�'.4,r•z-.�q '°�?['�,ar�N$r�- ��� �e=�Mh q[,�`=' -�� E d n �w�nnn«•� �Pa ca-- caa rmi lAN N �l;c N 7 4 w W N H N N M H H w M H N M M N N H w M N G4 NNN N N H N N g 4-~y�� E p 4,Jr`wo,•,='.Y�.Nn^HN�M1mT'nw�`•.sir"i,wNNNNS^,'.^,�N'N'Nii.^9wc�r'nc`�I�ir.7i�5���wYn'«««tir«^•,["i.:, y � HNs`7'nwH`" hI" N N w i _e� � 0 I a� a d d r w v w o Y v ► a R Y Y Y C a '! d ewiY Y ♦ v w e a � Y a !r �°�-o 'y � `� J S aaEa°Spa°Xdl�e a���a°i{a°��Te �' ii a, �' a'a o �,=a i•a 6,e o a'�e �'�a � `�a qq W •^.� " cNi ry n n [Nn 9J I'r w H �� m — h w n e4 .�pp $yp N C ... rdr r+� ��ff VV P v� _ P � a '! d 'R � m o fT � -_ � � — � — � — � — � — — — — — — — — — — — — — — � N n ry n ry N N N N n N H � ry N �• Z -p � `-R M1 n � N `� r� � •� `n � N � � � �§ C.. 4 K a7 i ,nrd R r`d � � ry`d w�3 �a � ^ � n`� e! � � � ti � ti .Y � � � �`d � --m�n[-tw1 " .� NG-� ua. jo. =_ .-Mti a'-4 YrGmn war)y�' G.eyyGn LmrrY�� M1rn 5dr�ynt �r-�e-qh idFF{{ �rti vn-t .m- �-n •E r-T� -m -v. --�n -h�n -`4n�YY —.n$R -m.m,". - -h`-4 -i- -m�- -arnI -`yy4 , -N`n4 -vN�ySi Onj�-�ri q Reinvestment Zone Number.540een Fore Worth, Teras (Veate Ranch) Exhibit C-1.21.2: Protected Assessed Value - 2045 Develoomentt - Tarrant County Residential Commen;ial Development 2.0% Multi-Psmily Industrial Office Read (Bill B00 Retail (Pad/Inlim) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value vr Projected Value Per Pmjocied EndinYY As Qf Factnrr Sq Ft' Ci�n, Ft 93 Assessed Value Sq F7 Sy Ft Z; Assessed Value Sq F1 $p Ft Assessed Value Sq Ft' Syl Ft Assessed Value `�q Ft' S Ft Assess Value 31-Deo- i-7m1-24 100% O SO 0 SO 0 9193 $0 a a, SO b y� 31-Uec-24 i-fan-25 102% 0 S217 SO 0 S63 SO 0 $187 So 0 $85 SO 0 $281 SO 31-Dea25 I-1an-26 104% 0 3226 SO 0 S64 Srl 0 S191 SO 0 $97 $a 0 $296 SO 11-Dec-26 I-Jan-27 106% U S230 $0 0 S66 SO 0 S195 SO 0 SR8 SO 0 S202 $0 31-pea27 Wan-28 109% a =3 $0 0 $67 SO 0 S198 s0 0 S90 so 0 S299 SO ii-l3ee-28 I-fan-29 110% 0 S240 $6 0 $68 s0 0 $202 SO 0 S92 $0 0 $304 So 314Dea29 1-Jan-30 113% 0 S245 SO 0 $70 $0 0 $206 SO 0 04 $0 0 $310 $0 3l-Ihrc-30 1-)an--31 Il5% 0 $249 S0 0 $71 SO 0 $211 W 0 $96 $0 0 $316 SU 31-Om-31 Jan-32 1l7% 0 $254 $0 0 S72 SO 0 S215 $0 0 $97 SO 0 S322 SO 31-Dcc-32 I-J.an-33 120% Il S266 SO 0 $74 SO 0 S219 SO 0 $99 $0 O $324 SO 31-Dec-33 1-Jan-34 122% 0 SW $0 0 $75 .$0 0 S223 SO 0 Vol SO 0 $335 $0 31-Dec-34 1-3an-35 124% 0 $270 $0 0 $17 SO 0 $22N SO 0 SIO3 SO 0 S342 $0 31-Dec-35 1-Jatt-36 127% 0 S275 $0 0 $78 S0 6 $233 $0 0 SIDS $0 0 S349 SO 31-Dec-36 1-1-17 129% 0 $291 $0 0 $80 SO 0 $237 $0 0 $ION $0 0 S356 SU 31-Dee-37 1439 132% 0 $297 SO 0 $82 $0 0 $242 SO 0 $110 $0 0 S363 $0 ,I-pcc-38 I -Jan 59 135% 0 S292 $0 0 S83 $0 0 $247 $0 0 $112 s0 0 r70 SO 31-Der39 I laa-40 137% 0 S298 SO 0 S85 $0 0 $232 $0 0 $114 SO 0 $374 SO 3 1 -1340 I-Jan41 t411a/ II SRA S0 (1 $97 $6 0 S257 SO (1 $116 Sri O S385 SU 314)m4i ]-Jut-42 143% 0 S310 SO 0 $88 SO 0 S262 SO 0 $119 to 0 $393 SO 31-Dec42 1-JM43 l461. U S316 S0 0 5'90 $0 0 $267 SO 0 $121 SO 0 S401 S0 31-Acc-43 1-)an44 t49% 0 S323 $0 0 $92 SO 0 S272 SO 0 $124 SO 0 $40 SO 31-Dcc44 1-Im45 152% 0 1329 $0 0 594 SO 0 S278 $0 0 $126 50 0 S417 s0 114)ec4S I-Jan46 t55% 362,573 5336 S121.743,661 245,243 WA 523440.347 104_444 $291 S29,630,865 45,739 S129 $5,879,594 32fi70 $425 $13,999,463 31-Dcc46 1-1 -47 139% 362,573 S342 $124,17R,534 245,243 S97 S23,909,153 104,544 $N9 S30,223412 45738 $131 $5,997.196 32,670 S434 S14J67257 31-Dec47 I-Jan48 161% 362,573 S349 $12602,105 245,243 $99 S24,387,337 104,544 $295 S30.827,95i 45 718 S134 $6,117,130 32,670 S442 $14,450,602 31-D c48 1-Jm49 164% 362373 $356 S129,195,347 245.243 Ml S24.875,083 104,544 5301 $31,444.511 45,739 $136 $6.239.472 32.670 $451 $14,739,614 3i-Dec49 14an-50 167% 362373 S363 $131.779,254 245,243 $103 $25,372,595 104,544 $307 S32,073,401 45,738 $139 S6,364,262 32,671) S460 S15.034,407 31-Ike-50 Wan-51 171% 362.573 $371 .S134,414,839 245,243 SIM $25,810,037 1O4,544 $313 $32,714,869 45,738 $142 $6,491,547 32670 $469 $15,335p9S 31-Dec-51 l-Jan-52 174% 362,573 $379 $137,103,136 245243 St08 S26,397,617 104,544 $319 S33,369,166 45,738 $145 $6,621,379 32,671) S479 $15,641,797 31-Dec-S2 I-fan-53 178% 362.573 S386 $139.845.i 99 245.243 Silo S26.925,59EI IN.544 $326 $34036.i50 45738 S148 $6,753.806 32,670 $488 S15954,533 31-buc-53 I-Jan-54 161% 362,573 5393 $142,642,103 245,243 SIl2 $27,464,102 JW,544 S332 S34,717281 45.739 $151 $6,899.992 32,670 S498 $16,273.725 31-Dee-54 I-Ian-55 195% 362.573 SNIT S145.444945 245.243 SITS $28,013,394 104.544 $339 $35.411.626 45,738 $154 $1,026.659 32,670 S50N $16,599200 314De0-55 I-Im-56 188% M2,573 $409 $148.404,844 245243 $117 $28,573,652 104,544 $345 S36.119,859 45,738 $157 S7,167,193 32,670 S516 $16,931,194 3t-Dec-56 I-Jan-57 192% 362,573 S417 $151.372941 245.243 $119 SN.145,125 104544 5352 $36.842256 45J38 $160 $7,310,536 32,670 S529 $17,269,907 31-3ec-57 1-1811-58 196% 362,57) $426 St54,400399 245243 $121 $29.729,027 104-544 S359 $37,579,101 45,738 $163 $7,456,741 32.670 $539 $17,615204 3E-Dec-59 1-1an-59 200% 362.57, $434 S157,488,407 245.243 $124 S30.322.588 IW,544 $367 S38,330,683 45,71i8 $166 $7,60i,862 32,670 $550 $17,967,509 31-Dea59 14.21-60 204% 362,573 SW $160,638,176 245,243 S126 $30,929,039 104.544 S374 S39,097297 45,739 S170 17,751,D00 32,670 $561 $118,326.858 31-Dec40 I-J-61 2081/6 362.57, $452 SI63,850,934 245.243 S129 531.547.620 104.544 URI $39,874.243 45.7,8 $173 S7,913. 160 32.6711 $572 S19,693.395 31-1[lec-61 I-Jan-62 212% 362,573 -S461 S167,127,958 245.243 1131 $32.179,573 104,544 S199 540,676,928 45,739 $176 $2071,423 32,670 S534 $19,067,263 31-Dcc-62 14a-63 716% 362.57, $470 S170.470,517 245,24. S134 $32.822.144 104.544 $397 $41.490,364 45738 S180 SN232851 32.670 $595 $19449608 31-Dec-63 I-Jan44 221% 362.573 $480 S173,879,927 245,243 S137 $35,478,597 104,544 S405 $42,320,171 45,731 $194 $8,397,51i8 32,670 $607 $19 937,560 31-Dec-64 I-Jan-65 2?5% 362,573 $499 $177.357,526 245.24, $139 S34,148,159 104,544 $413 $43,166,57$ 45,73R SIR7 $8,565.459 32,670 $619 $20,234,332 31-Dec-65 1-Jan-66 2301/ 362,573 $499 1180,904 676 245,24, S142 S34.831,122 104,544 $421 $44,029,906 45,739 $191 $8,736,768 32,670 $632 S20,639,019 31-Dec-66 I-J"-67 234% 362.573 S509 S 194,52 2,770 245,243 $145 $35,527.744 104,544 S430 $44,910,504 45,739 S195 $89115113 32670 $644 S21,051,799 3l-boc-67 I-Jarl-61 2391/, 362.573 $519 S188213225 245.243 $148 $36.233.299 104.544 S439 $45.801,715 45,758 $199 $9,089.733 32,670 $657 $21.472,835 31-D-M Wan-69 244% 362.57, f529 SI91977,490 245.243 S151 S36,963,065 104,544 $447 $46.724,189 45,739 S203 $9,271,528 32,670 S670 S21902292 31-Ikx459 1-Jan-70 249% 362,571 $540 5195 t17040 245,243 $154 S37,702,326 104544 S436 $47,659,317 45,738 $207 59,456,958 34670 SU41 S22,340,337 31-Dec-70 I-Jm-71 254% 362.573 $551 S199,733,390 245243 $157 S38,456.373 1(4.544 S463 S48.612.574 45.739 $211 $9 646.099 32.670 $697 S22.787,144 31-Dea71 1-1aa-72 2S9% 162.573 S562 $203,729.048 245,243 S160 $39225.500 104,544 S474 S49,584,826 45.739 $215 S9,119,020 32,670 S71i $23242,887 31-bec-72 I-Jan-73 26.4% 162 573 $573 $207.802.609 245.243 S163 S40,010,010 104 544 $484 $50.576.522 45,739 $219 S10.035.100 32.610 S126 $23.707.745 ,I-Dec-73 I-Jut-74 269% 362,573 =5 $211,959.661 245243 S166 $40,810211 104,544 $493 $5089,053 45,739 $224 S10,236,516 32,670 S740 $24,151,900 31-Dec-74 i-Jam-75 275% 362,573 15% $216.197,934 245.243 S17O S41,626,415 104,544 S503 $52,619,814 45,738 S221 S10,441,246 32,670 S755 S24,665,538 Ifmar('np, lne. �Ace»rding to thr'1'arranl Co,ml Apyrsivel I7ivtnn prcpaty Is asaevn! as nrJmmary I enniulh Oanng GpaalmalOn, t6a assesva! vahr<,rp,cvrnla dr Ex>nwn nr the Mnld�ng enmpkfetl as ol'JamrsSI Aaxlunea n,� oaaeexd value daring cnnsvuc4nn. 'n.vatuncs an aruwal aulatinn racsur or2rros 'rt.,ndm 6, mr ❑n nlnpu Total Projected Assessed Value 0 0 0 0 0 0 0 0 0 0 n 0 0 0 t 0 U 0 11 0 0 194,563,935 198,475,613 202,445,126 206,494,028 210.623,909 214,836,3R7 219,133,115 223,51SJ77 227,986,092 232,545 814 237,106,731 241,940,665 2M,779,479 25I,715,068 2563749.369 261.884,357 2157,122,044 772,464,485 277,9 B.775 2N3,472,050 289,141,491 294,924,321 300422.807 306,839263 312,976,049 319.235.5711 325,620,281 332,132,687 331.775,340 345.550,947 Reinvalmen! Zane Number Sbdeen Fort II forth, Texas (Peale Ranch) Exhibit GL22,1: Proiected Assessed Value -2046 Development' - Summary Ri idential Commercial Development 201/6 Multi -Family Industrial Olfsz Retail (Big BDx) Retail(Padnntine) Year Acd Irdlation sseu Value Per Pmjcetcd Value Per Projected Value Per _ Projected Value Per Projected Valve Per Ptojemed Total Projemd Fkdip j As ➢e Fact.? S LFO So Ft Assessed Value 9gF0 So Ft Asscsscd Value So Fri SD Ft Assessed Value Sq.Ftl Sy Fr Assessed Value Sa Fe Sq Ft Assesscd Value Asscsscd Value 3l•➢ec-23 1-Ian_24]00%p--, .,-•_ 5213- _S117 �� SD '- 0 $62 - SO - 0 f183 ^ SO s:.�.,�.,... 0,_- _� _�583 En -=0_,,,y _• 5275.-_, _•; ED ,0 ! 31-Dec-24 1-Ian-25 102% 0 SO 0 563 SO 0 f187 $0 1 0 $95 SO 0 S281 SO 0 .__31�Dec-2S 1-0an-26164% 0 5226 S1) ,0_ 364__ 4U--, ,__$1 t; _ _ 6' "- $67 ".$0,�,U - 31-Dcc-26 Wm-27 106% 0 S23D $0 0 $66_ SO 0 $195 SO 0 $0 0 $292 � ' ^ S0� - - 0 _ 1-Jan•28�'1P8%,..,,_.,,..a..,._„_n$235`.a.,.._...n'.,...$6",......a•..._0...........='„$b'7,_.....,.w..�._E�~�._. _ _ �TM�-..,SI96.v... _ _ _$88 .° SO'-____:...w••_.."_.._��59�.......,�.........w...r.K.._.-......_..�.-,- -..--,.....,.-E6'_.�.._T.�- ate..-,.. 31-Dec-28^'' I.Jan-29 110°/. 0 $240 SO 0 S68 SO 0 $202 f0 D S92 $0 �-0Y" '-'- S304 sp.:...-_ a_aw..., J Y... ^ -0_ _ ��570 � 50 �_�M 0 _ _ 5206,.., . �S2I1 TW... ASII0 _ - _ �rv.594 -. - -D _ �S9G'�� .,.._.ED---.-��.....0.._...�_.tic _.._ _ -� ._...�-..�.,_sc-...._.__ p .�..1 --0 - - -�- �_ -SO T 31-Dec-3D1-lan-31- 115% 0 E249 SO S71 SD 0 SO_-,.,.. $0 S316 31-Decv1 1-fan•32 � .,.. 117%- �31-Dec-32-..,•1-fart-33 �. 0. ... ._S2?4....__.v $0".....-.-_�.,,.._....__ .__..__572 '-,�-50 _ _.,,....0...._,._,. S2I51'._ -.SU......_ 0»....._... S97_. �..•SO --�--�0�----599 0�..� -S322 6$0 120%.� 0 5260 SO OT �$TaEO��-w 0 E219.�_.3U ^_.-.aq_.__ __ .-........._.,._0_=__•Y•y S329 v�^..59 0 ,31-1?cr33,�„"�_I-Jan-344_............._...e��..__-.,.`5223-_ _ ._,.,..._$00f101`"_ ._..�.Sp_..-�_ ... a_,..........,..S335'___r....•.,$0,„,...,... 31-6ec-34 hFan-35 124% 0 $-- $0 0 $77 SO 0 $226 $0 0 $103 E0� D $342 $0 0 r 31-➢cc-35 l-!an•3G 127/ 0- $2Ti $0 � � - �` 0,�i233 $0 '< 0wS105_�S534ED_'-.. �� 31-Dec 36 I-lan-37 129% 0 $28l S0� 0 SO 0 E237 $O D $lOR �- SO 0 w„ $356 s 31-Dco-37 l-lan-36 ,l32% - 0 - ' 5287 •..-� Sd - 0 »S80 S82 SO 0 �' `-- f242 .., ---- _ SOw? ---- ___. . _._ 0 -.$110•___ __ _....._._.,...._.. _._.,....,_. _..».-.,.,». _. __.. ., 31-Dee-36 I-lan-34 135Yo 0 f292 SO 0 $93 s0 fD 6 $112 EO 0 $370 f0 0 3!-Dec39 l-lan-4(1 137% w"1-Det-46`-�14aDdl�1403's0S304---{ D $298 S00 -�-'�ll--�-~�587SO 565�'.'•.�.�_•E0,_..w _0 _S247 SU � 5114 SO .._�...O�'--`..$252._...__� 0 SZ57 0 5116 $0 0 S385T_SD.W. »--- :"_31-pcc413I0_..._•_._......_-"-_S68_.'.r'....�... ...31-Dec-42 "-$0...,. ..,.0 _ .� SO'_..`- - -Q - -_-- _ 5262 _SO EO,._.�.__.a_�___^$1191 -.,_-_..._-... 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I]-Dec-75 1.7an-06 284% 45D4[3 �5608 5273947293 M 301871 S1T3 :, 5 26 62 261'"6D: _...... ..__...__�....._w_.-..-.....,__»,.},....-,__,. ..,....,..... _.....,..,..,..._ _..._r,..., ...._... ....�.__,_ _.._...__-_'�'•'`- - - -.,.0 .,......-.. - $.�. 23 ''. . _. .. -. _ 5....,_..-, .. $---,- E 1 ,52 3 $___.......wS� 65 ,D [.-- a32,670 f..�_�...,, .. .. ,-....,-_ .. Sl3 134 80 S 437 B,. _. 233� '0" 0' 7' .__,.,_....«�. ST70,,,..,, ,..,-SZS,i56,8.19_.w,. 496.199,701'�i bfrmX'.ap.lve< rAeootdieg tithe Porker Couory Appmixtl DisviclaM 7¢r:ant CountAppraisnl Disuictpropety bt�dmofl�arylururvolly. During conz-1ion, tke n»tmd wtoe r¢Vvc the portionofthe boitliag compLcW uofJooumy 1. A-mm-ed vodte drum@ mmumim 'A-. en on 1 inftion ft. of 2b4 L 'Pmvided by the Devd pa. Reinvestment Zone Number Sixteen Fart Worth, Texas (Vaaue Ranch) Base Year Market Value vs Taxable Value 2023 Taxable Property ID Acreage County Land Use Owner Market Value' Value's 42989432 57.4300 Tarrant County. ResAg Wal-Mart Stores East LP - $o ---. $o __-. R000043635 .__. _ -_-_-..- 67._0000 -._-. _ ._,..-. Parker Ccuntp,_, _ ---- -- _._ .Not Zoned _ - _-___------^- ---.. Lan_d_Investors LLC - - - $_1,541,0_00 52,950_ R000050465 178.0000` Parker County Not Zoned _TRT TRT Land Investors LLC $4,094,000 $7,830 r; ROQOD59_Od8 - 'J 126.5400 �- Parker Cora '. - . _ -Not Zoned Land Tit Inv_est6i, LLC w»� M ' �$2,910,420 - $5,570 R0000631 ]9 178.1750 -Parker County Not Zaaed_ TRT Land Investors LLC- $4,098,03D- -S $7,840 .,-R000063224 ; ] 09.7000 ,_ - Parkisr County Not Zoned _ TRT Land lnveatgrs L_LC _ .' _ $2,523;10D , ._ _$4,834 R000063226 1.0000 Parker County Not Zoned TRT Land ]nvesic, LLC $467,600 $467,6DD R060064877_ 165,0000 - barker County- Not Zuni d - - _TRT Land Investors LLC _ _ S3,795,000 R000095225 1.0000 Parker County Not Zoned TRT Land Investors LLC $302,650 $302,650 j R000[195227 14.0000 .- _ Parker County 'Not Zoned TRT Land Investors LLC , S3ifd00 $620 Total 5192.11 553,131,152 $5,25fiJ31 l - Values obtained from Tarrant County Central Appraisal District and Parker County Appraisal District in September of 2023. 2 - Values obtained from Parker County Tax Assessor and Tan -ant County Tax Accessor. Summary of All Parcels Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 4187.74 $29,096,167 $395,975 Various Single Family 7.00 $2,209,545 $2,281,566 Various Residential - Vacant 155.94 $1,771,640 $1,771,640 Various Vacant Commercial 1.01 $0 $o Various Not Zoned 840.42 $20,053,800 $807,150 Total 5I92.11 $53,131,152 55,256,331 Tarrant County Parcels Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 4187.74 $29,096,167 $395,975 Various Single Family 7.00 $2,209,545 $2,281,566 Various Residential- Vacant 155.94 $1,771,640 $1,771,640 Various Vacant Commercial 1.01 $0 $0 Various Not Zoned 0.00 $0 $0 Total 4351.69 533,077,352 $4,449.191 Parker County Parcels Land Use Total Total Total Parcels Type Acres Market Value TaxableValue Various ResAg 0.00 $0 $0 Various Single Family 0,00 $0 $0 Various Residential - Vacant 0.00 SO SO Various Vacant Commercial 0.00 $0 $0 Various Not Zoned 940.42 $20,053,80D $807,150 Total 840.42 $20,053,800 $807,150 City of Fort Worth, Texas Mayor and Council Communication DATE: 08/27/24 M&C FILE NUMBER: M&C 24-0736 LOG NAME: 17TIF16COUNTY SUBJECT (ETJ) Authorize Execution of an Agreement with Tarrant County for Their Participation in Tax Increment Reinvestment Zone No. 16, Veale Ranch, City of Fort Worth, Texas, and Adopt Ordinance Approving an Amended Project and Financing Plan that Reflects Tarrant County's Participation in the Tax Increment Reinvestment Zone No.16, Veale Ranch RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of an agreement with Tarrant County for their participation in Tax Increment Reinvestment Zone No. 16, Veale Ranch, City of Fort Worth, Texas; and 2. Adopt an ordinance approving an amended Project and Financing Plan that reflects Tarrant County's participation in the Tax Increment Reinvestment Zone No. 16, Veale Ranch. DISCUSSION: On September 12, 2023, the City Councii adopted Ordinance No. 26420-09-2023, establishing Tax Increment Reinvestment Zone (TIRZ) Number 16, City of Fort Worth, Texas (Veale Ranch) and a governing Board of Directors (Board). On November 14, 2023, the City Council adopted Ordinance No. 26581-11-2023 approving the Project and Financing Plan for the TIRZ. On June 18, 2024, Tarrant County and its Commissioners Court (County) authorized the County to enter into an agreement to participate in the TIRZ and to pay into the TIRZ fund fifty percent (50%) of the County's collected incremental tax revenue from the incremental increase in the value of real property located in the TIRZ, beginning with tax year 2024 through December 31, 2052, or until a maximum cumulative contribution of $154,684,773.00 has been paid by the County, whichever occurs first. To reflect the County's participation in the TIRZ, an amendment to the Project and Financing Plan is proposed for adoption by the City Council. Staff recommends that the City Council authorize entering into an agreement with the County for its participation in the TIRZ and to adopt the attached ordinance adopting an amended Project and Financing Plan for the TIRZ, as adopted by the TIRZ's Board. The proposed Veale Ranch TIF is located in both the City's corporate limits and the City's extra -territorial jurisdiction. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION ! CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. Submitted for Citv Manaaer's Office bv: William Johnson 5806 Oriainatina Business Unit Head: Robert Sturns 2663 Additional Information Contact: Michael Hennig 6024 Cherie Gordon 6053