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Ordinance 27076-08-2024
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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I-lan-29 116% f1 S240 SO U S68 SO 0 $202 SO 0 $92 SO 0 $304 $0 0 31-Dcc-29 1-Jan-30 113% 0 S245 SO 0 S70 SO 0 S206 $0 0 394 SO 0 $310 $0 0 31-Dec-311 1-Jan-31 115% U $249 Su U $71 SO 0 $211 SU 0 S96 SO f1 S516 $0 0 31-Dco-31 1•Jstt-32 117% 0 $254 $0 0 $72 $o 0 S215 SO 0 $97 So 0 S322 $0 0 31-Dec--32 I-Jan-33 120 % 0 S260 SO 0 $74 SO 0 $219 $o O S99 SO 0 SRI) SO 0 31•lkc-33 1•Jan-34 122% a U65 $0 0 S75 $o 0 $223 $0 0 S101 $0 0 $315 $0 0 31•Dee-34 I-Jan-35 124% 0 $270 $0 0 S77 SO 0 $229 SO 6 SIN $0 0 $342 SO 0 31-Doo-35 1-Jan-36 127% 0 5275 SO (1 $79 SO 0 $233 S0 0 S105 $o 0 5344 $0 0 31-Dec•16 I-Jan-37 129% 0 $281 $0 0 $90 SO 0 $737 SO 11 S109 $0 0 S356 SO 0 31-Do6-37 1-]ur33 132% 0 $287 $O 0 S62 $0 0 $242 $0 0 $110 SO 0 $365 30 0 31-Dec-38 1-Jan 39 135% C S292 $0 U $93 so U 5247 $0 (1 $112 SO 0 S310 SO U 31-DCo-39 Wan-40 137% 0 $299 SO 0 S85 SO 0 $252 SO 0 $114 SO 0 $379 S0 0 31-Dcc-40 I-Jan-41 14094 0 S3(w SO 0 $97 SO 6 S257 $0 0 $116 SU 0 $395 Su U 31-Dcc41 1-Jan-42 143% 0 $310 SO 0 S99 So 0 $262 $0 0 $119 SO 0 $393 3o 0 31-Dec-12 1-1an43 146% 0 5316 SO 0 $90 SO 0 S267 s0 0 $121 SO Il S401 SO 0 31-Dec43 1-Jm44 149% 0 $323 SO 0 $92 $0 0 S272 SO 0 $124 SO 0 S409 $0 0 31-Dcc44 I-1an45 15211. 0 5329 S0 0 S94 $0 0 S278 $0 0 $126 s0 0 $417 SO 0 31-Dec45 I•Jan-46 155% 0 S336 $U 0 $96 $0 U $283 S0 0 $129 SO 0 S425 $0 0 31-IJec46 I-Jan47 159% 362.573 $342 S124. 179,i;4 245,243 $97 S21.909,153 104.544 S289 530,223,4112 45,738 $131 $5.997,I96 32.670 S434 $14,167,257 198.475,M3 31-DecA7 1-kn48 161% 362.573 $349 S126662, 105 245243 S99 $24.3973.17 104.544 S295 S30.827,952 45,738 S134 S6,117,130 32,670 S442 114,450,602 202,445,126 31-Dcc48 I-Jan-49 164% 362,573 .5356 S129. 195,347 245,243 $101 524.87;,U93 104544 S301 S31,444.511 45.738 S136 56,239,472 32,670 $451 S14,739,614 206,494,029 31-5cc49 I-Jan-50 167% 362.57, S363 S13 S,779,254 245.243 $103 $25372,595 I04544 S307 SD2073401 45.730 $139 S6,364-262 32,671) S460 S15,034,407 210,623,909 31-Dec-50 1-Jan-5I 171% 362,573 5371 S134,414,939 245,243 $106 525,880,037 164,544 $313 S32,714,869 45,739 $142 $6,491.547 32,670 $464 515,335,W5 214,836,387 31-Dec-51 I-Jaa-52 174% 362 573 $379 $137,103,136 245,243 Slog S26,397,637 104.544 S319 S33.369,166 45,739 $145 $6.621,378 32,670 $470 SI5,641,797 219,133,115 31-Dec-52 I4an-53 178% 362573 $386 $139.945199 245243 $110 $2692.5.5911 1ff4.544 S326 SAA136-550 45,738 $149 S6.753.Sf16 32,670 S4A8 S15.954.633 223.515.777 31-Dec-53 1-1a 54 191°% 262,573 $393 S142,642,103 245243 $IJ2 $27,464,102 104,544 $332 $34,717281 45,738 $151 $6,889,882 32,670 $499 $16,273,725 227.986,092 31-Dec-54 I-Ian-55 195% 362.573 $401 S145,494,945 245,243 $114 $28,U13,394 104.544 S339 S35,411,626 45,739 $154 $7026,654 32,670 $509 S16,599,20 232,545,814 31-OCC-55 142n 56 IRA% 362573 S409 $149,404,844 245,243 $117 $28,573.652 104,544 $345 S36,119,859 45,738 $157 $7,167,193 32,670 $518 $16.451,194 237,196,731 31-Dcc•56 1.3an-57 192% 362.573 $417 $151,172,941 24i.241 $119 SN,145.125 1IM44 S352 S36.842,256 45,738 $160 S7,310,536 32,670 $529 $17,259,807 241,940,665 31-Dec-57 I-Jan-58 196% 362,573 S426 $154,400,399 245.243 $121 S29,728.027 104344 9359 $37.579,101 45.739 $163 $7,456.747 32,670 $539 $17,6152(14 246.779,479 31-DCo-58 I-Fan-3y 200% 362,573 $434 S157,488,4117 241.24a S124 S30.322588 1b4.;44 $367 S19.330.&M 45,739 S166 S7605.e82 32671) $550 S17967,50R 25171;068 31-Dec-59 I-Jan-60 204% 362,573 S443 &160.638,176 245,243 1126 S30,929,039 I00544 $374 $39,097,297 45739 $174) $7,758OW 32671) 9561 SI8,326,859 256,749,369 31-13ce-W I-fan-l>I 209% 362573 5452 $163850,939 245.24) $129 S31.547620 104-544 S381 539.879.243 45,739 9173 S7913.160 32.670 $572 S18.693,395 261484357 3€-Decfi1 Wan-62 2€2% 362,573 5461 $167,127,958 245,243 $131 $32.179,573 104,544 $389 $40,676,828 45,739 S176 $8,071,423 32,670 5594 S19,067,263 267'F22,044 31-Dec-62 I-Jan-63 216% 362.57, S470 $170,41US 17 245.243 5134 S32,922,144 104.544 $397 541,490,364 45,738 SI80 $8.232.851 32,670 $595 $19.446.608 272464.495 31-DeCb3 Wan -(A 221% 162,573 $480 S173,879,927 243,243 $117 $33.479,587 104,544 $05 $42,320,171 4S,738 $194 $9.397,509 32,670 $607 $19,937,580 277,913,775 31-Dec I-J.u1-65 225% 362573 5499 S177.357,526 245,24.1 $139 S34, 148,15() 104.544 Un $43,166,575 45,738 S187 $1,565.459 32,670 S619 S20,234332 283,472,050 31-Dec•65 Ilan-66 230% 362.573 $499 $180,904,676 245243 $142 S.34.93I,122 104,544 $421 S44.029,906 45.738 S191 $8,736.768 22,670 9632 $20,639,019 289,141,491 �l-Dcc-66 14-67 234% 362,573 S509 S184,522,770 243,24, $145 $35527,744 104.544 ,5430 $44-910504 45,739 SI95 S1911,503 32,670 $644 $21051,799 294,924,321 31-Doc-67 1-1ao-68 239% 362573 $519 S18B,213,225 245243 S149 $36,239,290 104.544 $439 $45.1*9.715 45.738 $199 39-089,731 32670 $657 $21472.935 300.922.107 ;I-Dec[e9 I-Jan-69 244% 362,573 S529 S191977,490 243.W $151 S36,%1,065 IIW.544 $441 $46,724,999 45,138 S203 $4,271.529 32,67U S670 S21,902,292 3P6,839763 31-Dec-69 14am70 249% 362,573 $540 $195,817,040 245.243 $154 $37,702,326 104.544 S456 S47,659,387 45,738 S207 S9,456,958 32,670 5684 S2Z340,337 312,976,049 �1-13 -71' 1-Jao-71 254% 362,573 5551 S199,73d,380 245,243 $157 $38,156,373 1114.544 S465 S48612,574 45738 $2t1 S9646099 32-670 S697 $22,797,144 3k9.215, 570 7l-Dea•71 14 o-72 259% 362,573 S562 $203,728,049 245,243 $160 S39,225,500 104,544 $474 $49,594,826 45,738 $215 S%239,020 32,670 $711 $23,242,897 325,620,231 i1-13cc-72 I-Im-73 s64% 362573 $573 S21)7.802.609 245.243 $163 $40.010,010 104.544 5494 550,576,522 4573% $219 510,035.800 32,670 $726 $23.707,745 332.132.691 31-Dec-73 1-Jan-74 269% 362,573 $595 S211,959,661 245,243 S166 S40,810,211 104.544 S493 $51,588,053 45,738 $224 S10,236,316 32,670 $740 S24,191,9W 338,775$40 31-D-74 1-Jan-75 275% 362,573 S596 $216,197.834 241,243 1170 $41 626,415 104.544 S50] S52-614,914 45.7J8 S228 $10,441.246 32,670 S755 S24 665.$39 345,550.947 31-Dec-75 I-laa-76 290 362.573 16U9 S220,52 1 .791 245,243 SIT $42.459,943 104,544 $513 $53 672,210 41.738 $233 $10,650,071 32,670 $770 125,158,944) 352L461_964 Al- -p. lax 'A=mde,g m Ne 1-10-V Appromd D,wwt pe, pNrtf u aeee d as of Javean I -110 lhving corsstno.uon, the asxsseJ oelue ttprea[nlf dx plftuM.�f the hnildmg r-„,npkwl a9>trlNsuah I A#Nob M-�,Alve demob cnesinuYan 'Aaamet m am.ml mflw- f ,nr of 2 0% 'psalm by he paoelapet Reins'cvment Zane Number Sixteen Fort Morth, Tans (Peale Rands) Exhibit Ir1.23.1, Projected Assessed Value- 2047 DevelOpmentl-Surnmanl Residential Commercial Dcnlopmcnt 2.0% _ Multi -Randy Industrial Office Retail (Big Box) Retail (Pad/lnIme) Year Assessed Inflation Value Nr Projected Value Per Pm*w Value hr Pmjeetcd Value Per Projected Value Per Projrcted Total Pmjectd Fading As Oft Fact.? 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SO .0 m---$131 ._.$0, _.. 0 _ $434 $Q...__,.0.,_._ _ tau-08' [61/-"4i0,413 t349' 5157,3V8,334-w _301,E71 ` 599 � �.31_[)+48 �1Jan49 -M$160,495.322 $3b,O18,515 • -�156,916� `15fi - 6- _ _.5289- - 5295 __ _--S46'24192� �` 5736 5134 -^ry$6239.472- "SG 11713U 3267U`-' T"5442 --32,670 J~$451 �~$14.739,614J11Y4V'259,269,060�i S1445�602""_ 254175'S3� ' t64% 450,413 $356� 301,971$101$30618886 S301w�ry. S47,166,766»_� 45,738-��•^-$136•-- '31-Recj49'"'_1-Jari-50��"'"167°��"�"'4f0,413' '-`"5363-S{63,745,22R"""301,871'"`-S1D3'.°S3T231264'^A"'156616u 7__S46-I10'l01`'45T38�5139G36A 6232670'^,i460%' �$459,� SI5034'407"-'",W264445 -• 62"" 31.Docf501-Jan-51 171% 450,413 $371$166.979,333 301,871 $31,R55,889 156,916 S313_ $49.072.303 45,738 $142 $6,491,547,'• 32,670 - w }�$15,335 IS,335,D95 9 -34 269,T34,1fi7 f 3[rD�cti51' I.JPn52 Pm�I _S106 [7496„_„ ,4i0,4[3<,M�, 4376�,,,, �$I70318,91,Q 'k301,A71 ,-;, $108�s�..S32,4930Q7 - 'l78% �$IIO I56,R16„m,,,_$319 _�550,053,750t" _ _ 457384-W�.,,S145� ,$6,621,378 128 _ 32,670S479_u SIS,bi1,797 »' 275,,8so'W: ��$498 31-Doe-52 Jan 53-' 450,413 S396 $173,725,298 301,871 $142,867 156.916 $326 $51,054,825µ� 45.738M_-� $149 S6,753,806 32,,670 Sl$,954,633 290,631,427 y 3I-Deo-93v- 1-Jan-54 '�161% ,"`450,413�"bS395"'- 5i7i;199,803v`,311.871$I12-- - 533,6037Z4 15G,SI6" `195%' _450,413 -5332S52,Uf 921^ a5,736� WS1Sl- '��56,886,88232,670� _ "-'-�Sd98 'S['b,273725"`"'-286,2kt,056�- 31-the-54 I-Jaa-55 $4D1 S180,743,800 ry y3DI,A7l $114 --�, $34,491.939 156,116w- �S339 S53.117,439Am �F 45,739 �$154 $7;026,659 -�, 32.670 $509 S16,599,200 291.968,937. , _-3l-DccS6 -� 1-landS7 �- 192Yo-. ~450,413$417...,___ �SIR9,045,849 3D1,871 -^$119 -� S35,874,905 ' �156,816 �S352 -� S55,263,384�--45,738 SI60 $7,3I0,536_ N..^32,670 4- $529 $17,269,807� yx3D3,764,462� 3l-the-57 _• 1•Jan.58'' Y96% 450,4G Y 5426���SI91.806,766`--_',_341,871 _ 5121 536,592,40_3 156.81b S359_ SS_6,368,652 45,736�"- 163 ��f7,45_6,147____ 32,670r-r 5339'J- SI7,615�04v 309,839771�' 31-Dec-58 _ 1-Jan-59 �2DDIA� 430.413� S434 �$195,612.901 3U1,871T _$124m� _537,324X1 IK916� ~$367 S57,496,025 43,738 ~S166 �S7,605,682 _32,670 $550 _S17,967,508 �~316,036,567 5T,2"_ _ �__-_31-1>co-59"w'"1:faafi0_ _204%� 450,413Y_ S4S1 rS199,555,759 ,_�301,871 S_126---rS38,070,]36 _ 156,616:'-�`5374.__°`�WSSA,6g5,945-__ 4_3,73A" "_"5170 _ _ 57,75_8,000 � _ _32,670'-_�_5561'_ �St6,32fi,858�_-`-3_22� 31-Dec�O [,lae> 61 208% meµ 450,413 f452 _ f S203S46.8T5 3D1,871 $129 538,832,[SI 156,816 5361 � 559,8 16,864 45,Ti8- S173 $7,9I3,160 5572 �Sl6,693,395 326,604,-044 3LDrcfil _._ I:J_an�62 _ 2124G� � 45�,4t3�-- f461 � f267,617,812 _ 3iA7 71, 5131 _ _539,608,794, IS6,AI6--_.�5389 _- S61,O15,�41_ p�45,T38~ _ ,S[76 58,071,423_T 32,610 5.564�5_19,I16J,163 �333,3$0,533T �31--DCt-62 Wan-63 216% 450,413 n S470 S211,770,1684 301,A71� r$134� _ WAO0.970� 156,816 S397_ S62235,546 45,738 $LSD $9.232,851 32,670 S595 � S19,446,608 342,088,144 31-1k_cfi3� ,�_1-lanfi4•--„�-221°C_� 45D,4133 84;"'S21b,005S72 "� 391,871T 5137_�__ &1I 08,,932L_ 15fi,816-�SgO_5 y�_563,48_0,2_37 � ,a5,73$_� Si84"' S8a97,S0_B _ 32,67_D� 31-Decd4 w Wan-65225% 450,413 $499 �_$220,325,683 3DI,871 S139 S42,033,169 ' 156,816 $413 564,749,862 45,738 r$187 $9,565,4$9 32,674) $619 $20.234,332 355,908,505� -3l-IkcdS v 1-]aa_66 230%_ 4544J3 �5499_ $224,732,197 �,301.871_S[A2 542,673,832 I56,816,W _$42l 566,044,86fi"' ~-45,738 _St9l 58,736,766-- 32,670�'-75632 520,639,019'-_-_363,026,615-' 31-Dcc-66 ] Jan-67 234% 450,415 $509 $229,226,941 301.971 _ S145S43,731,369 I56,916 S430 S67,365,757 45.738Y� S195 S8,911,503 32,670S644� ~��•S21,051,799 370,287,208 11.378�_��3111,e71�-, Sl4R543,605,935✓A„I56,816��„5436_"-566,7L3,D7245,738�'W�-Si9959,089,733 �32,6TDS65T_S21,472,835'•`V~'377,692,952"; 31-Decfi8 Wan-69 244% 450,413 S529 $236,487605 301,871 SIR 545,498,054 I56,816 $447 S70,087,333 45,739 $203 $9,271,526 _ 32,6711 _3670_ _ 521,902,292 385,246,811 ,' 31-DacfiF�'�1-Ian-70••-_-•2d9%��'4$0;413''_5540- �5243 57,357"`-"301,871 _ 4,$46,408,0J5I56,81G$456571489,060.W�"15738 �5207"may-S9,456958 "-37_67O"_$6Bd ' �S22,340,337,m39 951,748 -f tt_, y31-Dccc-7D 11=41w ....m254% -'� 450,413 LL �µ $551--M$248�22.504M-W391,871 -�-_- S[57 � ��•547.336,I75 gI56,B16 - -5465 � +T-yST2,418,862 45738"S2ll• J � m AS9,646,098 T_- 32,6T0 W ~� 5697522,787,144 � _.'460,610,783 "'•.a1-QcF7l 1-Ian-72 259%__ 454413 A, SSG2 - E253,084 954 3D1 871. -3I60 T548,2R`1998'"•'� - ` - - - _ o,;,tl, },-,,,,lS6,B16' -'yS474�'- - $74" 17 234 45,'738-'-'�5215T9,839,020,,, '-'72,670 $TIl''-'S23,242,887--'•'-,408,625,998"' 31-Dec-72 Wan-73 264% 450.413 $573 S258,146,653 301.871 $163 $49,249,556 156,916 S484 $75,864,784 45,738 $219-$10,035,800 M 32,670 S726 _ S2%707,745 .. 417.003.538 _- - 1-]an-74 269% 450,413 _ -`�- ` '"� - - $263309,SR7 301,8T1 5166•S50,1,33,528r 1i6,614 5493 "- 577382,079 45,738.$2.24»S10,236,51G'��"32,67U "Y"„�,��74U��524,ISI,900�`-'"�425,3J3,609 31-1)aa74 m' �1-JIan-75 275% 450,413 $595 $269,575,778 •301,971 y^ p S170 S51,238,198 ry 156,9169�Y S503 - - S78,929,721 µry 45,739 $228 $10,44046 � 32,670 W S755 µ $24.665.538 r m_433,830.481 _.. - ... ._ . -- .__. _.- _..._... ._._��. _. mom......._.... _ _....�... {�312Dtc_75'�-I,IanJ6-�`'�280% 4SO,4I3V,-w-$60B _ ,5273,947,294'v 301,A71 w .5173 v 55-Z 262,96Z _ zI36,616W,_'-SS I3S8D,5_08,915v_45,736 �$233-_'_u �510,650,OT1_'9'32,670 Y_„",S77G''_'$25,158,6•V9-'_442,527,441-_l 31-DCC-76 Wan-77~� 286%_ 450,413 _$620 $279,426,24D 3D1,871� �$177 $53.309.221 156.916� �$524� $U,118,482 _ 45,738 �$238 S10,863,073-32,670 $785 $25.662,025T 45078.041 AfmnC,p. bw_ 'Araud.9totheP.i-C..WAPPni,g D6biet,md Tanml CmmtAprraiml Dimitpmpaty is e. duoflmuayl mnmRy.I>txin8wn:uxtieo.. ibee�smi vntm; 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'P,m-idcd 1y me Develops. Reinvestmoent Zone NimberSirteen Fort WorM, Te ms I'Veale Ranch) Exhibit -1 23.2 Pro ccted Assessed Value - 2D47 Development' - Tarrant Co m Residential commercial Development 2.0•/ Multi -Family Industrial Retail (Big Box) Retail (Padftnline) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As 0? rector, Sq Ft' Sq Ft ASsessed Value Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 14an-24 IOw 0 S213 $0 fl $62 S0 T 0 -$83 $o 0 $275 $0 0 31-Dec-24 I-Jan-25 1021/. 0 1217 $0 0 $63 SO 0 $95 $0 0 $281 $0 0 31-Dec-25 I-JAR•26 104% 0 $226 SO 0 $64 $0 0 $97 $0 0 $286 $0 a 31-Dec-26 I-Jan-27 1061/a 0 $230 $0 0 S66 $0 0 $98 $0 0 S792 $0 0 3J-Dec-27 1.7an-28 108% 0 S235 $0 0 S67 s0 0 $90 $0 0 INS SO 0 3I-Dec-28 I-tan-29 110% 0 S240 $0 0 $68 $o 0 $92 $0 0 S304 $0 0 31-Dee-29 I-Jan-30 113% 0 $245 s0 0 $70 SO 0 $94 $0 0 S310 $0 0 33-Dec-30 I.1an-31 115% 0 $249 $D 0 $71 S0 0 $96 $0 0 $316 $0 0 31-Dec-3i I-Jan-32 117/a 0 $254 s0 D $72 SD 0 $97 $0 0 $322 $0 0 31-Dccd2 1-3azr33 I201/ 0 $260 $0 0 S74 s0 0 $99 $0 0 S329 $0 0 31-Dec-33 I-Jan-34 122% 0 $265 $0 0 $75 So 0 $104 $0 0 $335 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $D 0 577 So 0 $103 s0 0 $342 $0 0 31•Dec-35 I-Jan-36 127% 0 $275 $0 0 $78 SO 0 Ms SO 0 $349 $0 0 31-Dec-36 I-Jan-37 129% 0 $281 $0 0 $80 $o 0 $108 SO 0 $356 $0 0 31-Dec-37 F-Jan-38 132% 0 $287 $0 0 $92 $o 0 $110 $0 0 $363 $0 0 31-Dec-38 1-JM-39 135% 0 $292 $0 0 $83 $o 0 $117 $0 0 $370 $0 0 314)ec-39 I-J"-40 t37% 0 $298 SO 0 $95 SO 0 $114 $0 0 $378 SO 0 31-Dec40 1-Jan4l 14( 0 $304 SO 0 $97 s0 0 $116 So 0 S385 $0 0 31-Dm-41 I-Jan-42 143% 0 $310 SO 0 $99 So 0 $119 $0 0 $393 so 0 31-Dec-42 1-Jan-43 1461/. 0 $316 $0 0 S90 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 I-Jan44 149% 0 $323 SO 0 $92 $0 0 S124 $0 0 S409 SO 0 3I-Dec-44 1-Jan-45 152% 0 $329 $0 0 994 $0 0 SIN $0 0 $417 $0 0 31-Dec45 I-Jan-46 155% 0 -$336 SO 0 $96 $0 0 S129 $0 0 $425 $0 0 31-Dec46 1-1--47 158% 0 $342 $0 0 S97 $0 0 S131 $0 0 $434 SO 0 31-Dec47 1-Ja»-48 161% 362,573 $349 $126,662,305 245,243 S99 $24,367,337 45,738 $134 $6,11.7,130 32,670 $442 $14,450,602 171,611,174 31-Dec,48 I-Jan49 I64% 362.573 $356 $129,295147 245,243 $I01 S24,875,083 45,738 $136 $6,239,472 32,670 $451 $14.739.614 175,049,517 31-Dec49 1-Jan-50 167% 362,573 $363 $131,779,254 245,243 $103 $25,372,565 45,739 $D9 $6,364,262 32,670 $460 S15.034,407 179,550.508 31-Dec-50 i-Jan-51 171 % 362,573 $371 $134,414,939 245,243 $106 $25,990,037 45,738 $142 $6.491,547 32.670 $469 $15,33%095 182. 121.518 31-Me-St 1•1an-52 174% 362,573 $378 SI 37,103,116. 245,243 S108 S26,397,637 45,738 - $145 S6,621,378 32,670 $479 $15,641,797 185,763948 3t-Dec-52 I-Jan-53 178% 362.573 $386 SI 39,845,199 245,243 $110 $26,925,590 45,738 S148 $6.753,806 32.670 $498 $15954,633 IR9,479,227 31-Ne-53 i-Jan-54 181% 362,573 -$393 S142,642,103 245,243 $112 $27,464,302 45,739 $151 $6,989,982 32,670 S499 $16,273,725 193,268,812 31-Dec-54 I-Jan-55 185% 362,573 S401 $145,494,945 245,24.1 $114 $28,013,364 45,738 S1$4 $7,026,659 32,670 $509 $16,599,2W 197,134,198 3l-Dec-55 l4m.56 188% 362,571 S409 $149,404,944 245,243 $117 $2$,573,652 45,739 $157 $7,167,193 32,670 $518 $16,911,194 201,076,872 31-Dec-56 Han-57 192% 362,573 $417 S151 372,941 245,243 $119 $29,145.125 45,739 $160 $7,310,536 32,670 $529 S17,269,807 20.5 098,409 31-DecZ7 t•7an-58 196% 362,573 $426 $154,400,399 245,243 $121 $29,729,027 45,739 $163 $7,456,747 32,670 S539 $17,615 204 209200,377 31-Dec-58 i-Jan-5q 200e/ 362,573 $434 $157,499,407 245.243 $124 $30.322.588 45.738 $166 $7.605.882 32.670 $550 S17,967,508 213.384,385 31•Dec-59 -I-Jan-60 2041% 362,573 $443 $160,638,i 76 245,243 $126 $30,929,034 45,735 $170 $7,758,000 32,670 S561 S18,326,858 217,652,073 31-Dec-rO I-Jan-61 208% 362,573 $452 $163,850,939 245,243 $129 $31.547,62D 45,739 S173 $7,913.160 32,670 $572 $19,693 395 222,005,114 11-Der 61 I-Jan-62 212% 362,513 $461 $167,127,958 245,243 $131 932.178,573 45,738 $176 98,071,423 32,670 $584 $19,067,263 226,445 216 31-Dec-62 1-Jan-63 216% 362,573 $470 $170,470,517 245,243 S134 S32.822.144 45,738 $180 $8,232,851 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 I-Jan-65 225% 362,571 $489 S177,357,526 245,243 $139 S34,148,159 45,718 $197 $8,565,459 32,670 $619 $20.234,332 240,305,475 31-Dec-65 I-Jan-66 2301% 362.573 $499 S180,904,675 245,243 $142 $14,831,122 45,738 S191 $8,736,769 32,670 $632 S20,639,019 245,111.595 31-Dec-66 1-Jan-67 2341/. 362,573 $509 $184,522,770 245,243 S145 $35.527,744 45,719 S195 $8,911,503 32,670 $644 $21.051,799 250,D13,916 31-Dec-67 I-Jan-68 239°/, 362,573 $519 $18s,213,225 245243 S148 536238,299 45,736 $199 $9,089,733 n'670 $657 $21,472,8S5 255,D14.D93 31-Dec,68 1-1-69 244% 362,573 $529 $191977,490 245,243 S151 $36,963065 45738 $203 S9271,528 32,670 S670 $21,902,292 260.114.375 3 (•Dec49 Wan-70 249% 362;513 $540 $195,817,040 245,243 $154 $17,702.326 41,738 $297 $9,456,959 32,670 $694 $22,340,337 265,316,662 31-Dec-70 l-Jan-71 254% 362,573 $551 $199,733,380 245243 $157 $19.456.373 45,739 $211 $9,646098 32,670 S07 S22,787,144 270,622,975 31-Dec-71 I-Jan-72 259% 362,573 $562 $203,728.048 245,243 $160 $39.225,500 45,738 $215 $9,839,020 32,670 $711 $23,242,887 276.W,455 31-Dec-72 I•Jan-73 264% 362,573 $573 $207,602,609 245,243 $163 $40,010,010 45,739 $219 s10,035,800 32,670 $726 $23,707,745 281,556,164 31-Dec-73 I Jan-74 269% 362,573 $585 $211,958,661 245.243 $166 $40.910,211 45,738 $224 S10,23016 32.670 $740 $24,191900 287,18-1,298 31-Dec•74 I•Jan-75 275% 362,573 S596 $216,197,834 245,243 $170 $41,626,415 45,739 $228 S10,441,246 32,670 $751 $24,665,538 292,931033 3I-Dec-75 I-Jan-76 280'/. 362,573 $608 $220,521,791 245,243 $173 S42,458,943 45,738 $233 S.10,650,071 32,670 $770 $25.158,849 298,789,654 31-Dec-76 I-Jan-77 286% 362.573 S620 $224,932,227 245,243 $177 S43,308,122 45,739 $238 S10,863,073 32,670 $785 $25,662,025 304.765,447 :Wunif'op, Lrc. According to the Tarrant Count Appraisal Ihstnct pnperry is asaeesed as of January I nnnualty. lAuing aonstruetion. the asse¢sed value represents the portion nfttw building eontpkted as of January I. Assunws m ossesxd �^aiue dunngwnsuuctinn. "Asstrmea an annual m33ation factor of 2 U°h. 'P-o d by the Dcreloper. Reinvestment Zone Number Sixteen Fort Worth, Texas (['sole Ranch) Exhibit C-1.24.1: Projeeted Assessed Value - 2048 Development'- Sumznmv Residential COmmemlal Development 2 0% Multi -Family Ind -trial Office Retail (Big Box) _ Retail (Pad/[nline) Year Assessed Inflation Value Per Projected Value Per Projcaed Value Per Projected Value Per Projcetcd Value Per projected Total Prgjccied Ending -- As Oil Facto Sq F[' Sq Ft Assessed Value Sq F1' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Vul.e Sq IF(' Sq Ft Assessed Val- Sq Ft' Sq Ft Assessed Value Assessed Value 31.Dcc-23 1-Jan-24 100% 6 ASO 0 $62 $o 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 I-Jan-25 I'2 0 $217 SO 0 $63 SO 0 $187 s0 0 $10 $0 0 S281 SO 0 31-Dec-25 I-Jan-26 II€4% U 5226 SU 0 $64 $0 0 $191 SO 0 $87 $0 0 $286 SD 0 31-Dec-26 I-Jan-27 Iot+% 0 $230 $0 0 S66 s0 0 $195 $0 0 $89 $0 0 $292 $0 0 31-Dec-27 Man-29 IOR% 0 S235 $0 0 S67 $0 0 $1.98 SO U 890 SO 0 $299 $0 0 3I-Dec-28 I-Jan-29 IIU"4� 0 $240 SO 0 $68 SO 0 $202 $0 4 $92 $0 4 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 SO 0 $70 so 0 $206 $0 0 $94 $0 0 $3 €0 $0 0 3i Dec-30 I-Jan-31 113% 0 $249 $0 0 $7€ $o 0 $211 SO 0 $96 $0 U $316 SO 0 31.me-31 Flan-32 117 % 0 $254 s0 0 $72 SO 0 $215 $0 0 $97 $0 0 $322 $0 0 3I-Me-32 14 --33 120% 0 $260 $0 0 374 SO 0 $219 $o 0 $99 SO 0 $329 SO 0 31•Dee--33 €-Jae.34 122% 0 $265 SO 0 $75 $o 0 $273 $0 0 PM $0 0 $335 s0 0 31-1>ec-34 I-Jan-35 124% 0 $270 $0 0 S77 $0 0 $229 SO U S103 SO 0 $342 $0 0 31-Dee35 I -Jai 36 127e/ 0 $275 S0 0 $78 $0 0 $233 .SO 0 slos SO 0 S344 $0 0 31-Dec-36 14an-37 129% 6 $291 0 0 S80 So 0 $237 so 0 $108 SO 0 S356 so a 31-Dec-37 1-Jan-A 132% 0 $297 $0 0 $92 W 0 $242 SO 0 SILO SO 0 $363 Sri 0 31-Dcc A I-laze-39 135 / 0 $292 $0 0 SH3 $0 0 S247 V) 11 $112 SO 0 $370 $0 0 31-Bee-i9 1-Jan40 137% 0 $299 $0 0 Us So 0 $252 $o 0 $114 So 0 $378 $o 0 31-Dee40 1-1an41 140% U $104 So 6 S87 SO 0 $257 SU 0 $116 SU 0 $3R5 so 0 31•Dec41 1-Jaa42 143°/a 0 $310 $0 0 $A8 $0 0 $262 $0 0 $Il9 $0 0 $393 $0 0' 31-Ne-12 1-3343 146% {J $316 s0 0 s9O $6 U $267 s0 0 $121 $0 0 $401 $0 0 M-Dec43 1-3an44 149% 0 i323 $0 - 0 SW $0 0 1272 s0 0 S124 $0 0 $409 $o 0 31-Dec44 1-Jan-45 152% 6 $329 SO 0 S94 $0 0 $278 $0 0 $126 $0 0 $417 S0 0 3!-Dec45 1-3an46 155% 0 $336 $o 0 S96 $0 0 S293 so 0 $129 $0 0 $425 $0 0 3l-Dcc46 1-1an-47 13H% 0 $342 s0 0 $97 $0 0 $289 $0 0 $131 $0 0 $434 $0 0 3l-Dee-47 I-Jau-48 - 161 % 0 i349 $4 0 S99 $0 0 $295 $O 0 $134 $0 0 $442 $0 0 3t-Dec49 I-Jan49 164% 450,413 $356 $160,495.322 101.971 $101 $30.618,886 156.816 $301 S47. 16h,766 2,178 S136 $297, 118 32,670 $451 $14,739,614 253,317,706 31-Dec49 1-Jan-50 167% 450,413 $363 $163,765,229 301,R71 $103 S31 _31,264 156.916 S307 S48.110, 101 2.179 $139, S303,06D 32,670 $460 $15.034,407 258,334,060 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 156,916 $313 S49,072,303 2,178 $142 S3()9,121 32,670 $469 $15,335,095 263,551,741 31-Dcc-51 1-3ars-52 174% 450413 $378 $170,318,919 301.971 $108 S32,493,007 156,816 $319 $50,053,750 '2;478 S145 S315,304 32,670 $479 S15,641,797 266822,776 31-Dcc-52 I-Jan-53 179% 450,41, $396 S173,725 298 301.871 $110 S33. 142.867 156316 S326 $51.054,825 2,178 $149 3321 610 32.670 $498 $15 954 ,33 274.199,231 3l-Bew53 I-Jan-S4 181% 450,413 $393 $177,199,803 301,871 $11.2 $33,805,724 156,1la $332 $52,075,92i 2,178 $151 5328,042 32,670 $49.8 5€6,273,725 279,683,216 31-Dec-54 I-Jan-55 185% 450,413 S401 $180,743,800 301.871 $114 $34,481,838 156.816 S330 S53,117.439 2,178 S154 S334,603 32,670 S508 516,599,200 285,276,SRO 31-Dec-55 I-Jan-56 199% 450.413 $409 $194,358,676 301,971 $117 $35-171.475 156,8I6 $345 $54,179,799 2,178 S157 .15341,295 32,670 $518 $16,931,184 290932,419 31-Dec-56 1-Jan-57 192% 45U,413 $417 $189,045841) 101.871 $119 S35874905 156.976 $352 V5.263384 2,178 $160 S348,121 32,67U $529 S17,269,967 296,8023066 31-Dec-57 I-Jam-58 196%s 450,413 $426 $191,8€€6,766 301,871 $121 $36,59Z403 156.816 $359 $56369,652 2,178 $163 $355,083 32,670 $539 S17,615,204 302,738,107 31-Dec-58 1-Jan-59 200% 451JA13 $434 119 5,64 2,90 1 301.871 $124 S37324,251 1.,6,916 $367 $57,496,025 2,i78 $166 $362,185 32,671) $550 S17,9 ,jOs 308,792,870 31-Dcc-59 1-tan-60 204% 450,413 S443 $199,555,759 361.871 $126 S38,070,736 156,916 $314 $58,645,N5 2,17S $170 5369,429 32,670 $561 S18,326,llm 314,968,727 31-Dre40 I-Jan-61 208% 450413 $452 $203546,R7i 30I.R71 $119 5119,832.151 156.816 SIX $59918,964 2.17E $173 $376,817 32670 $572 S18,693.31,5 321,268. 101 31-Dea61 1-Jan.62 212% 450,413 $461 $207,617,812 301,871 $131 S39,608,7N 156,916 S389 $61,015,241 2,178 $176 $394,353 32,670 $584 $19,067,263 327,693,46A 31-Dcc-62 I-Jan-6, 215% 45o.4i3 $47f1 $211.770,169 ]It1,871 S134 S40.40U.9711 156.916 S397 $62,235,546 2,178 $180 $392.041 32.67o S595 $19.449.08. 334.247.131 31-Dee-63 I-Jan•64 221% 450413 $490 $216,005,572 301,871 $137 S41,23,989 [56,816 $405 $63,480,257 2,118 $194 $399,881 32,570 S607 $19,837,58U 340,932,279 31-D-641 1-1an-65 225% 450413 $4R9 $220325,6R3 3W.R71 S139 $42,033,169 l56.816 S413 $64,749,962 2,179 $IR7 $407879 32,670 S619 $20234,332 347,750925 31-Dco-65 €-Jan-66 23Ue/ 450,4t3 $499 S224,732,I97 301.871 $IQ $42.871,932 €56,616 S42€ $66,044,860 2,178 $191 $416U37 32,670 5632 S20,639,019 354,705,944 31-Dcc•66 1-Jan-67 234% 450,413 $509 $229226,841 3',+I.871 5145 $43-731,M9 156,816 $430 $67.365,757 2,178 $195 5424,357 32,670 $644 $21,U61,799 36I,800,062 31-D-67 6Jam68 2391M. 450.413 $519 $233,911,378 3tr 1.971 $149 $44,605.935 :56.816 S438 $68.713,072 2,179 $199 $432.844 32,670 SW $21,472.835 369-036,064 31-Dec-H Wret-69 244% 450,4i3 S529 $236,487,05 30 1.R71 $151 $45.498,054 156,816 $447 $70,47,333 2,17R $203 $441,501 32,670 $670 $21,962,292 376,416.795 31-Dec-69 1-Jan-70 249% 450,4t3 $540 $243257357 301,871 $154 $46,409,015 €56.816 $456 $71.484080 2.178 $207 $450,33€ 32,670 $684 122,346,337 383,945,121 11-Dec-711 I-lan•71 2540/, 450,41, S551 $248.122,504 3oL871 $157 $47.336,175 I56,916 $465 S72.9A,862 2.178 S211 S459,338 32,670 $697 S22.787.144 391,624.02, 3l-Drc-7l I-tan-72 259% 450,413 5562 $253,084,954 301,871 S160 $49,282,898 156,816 $474 $74.377,239 2,179 1215 5466�25 32,670 $711 523:242,RR7 399,456,5m 31-Dcc-72 1-Jan-73 264% 450.413 $573 $258.146,633 301.871 $163 $49.248.556 156.916 $484 $73.864.794 2.178 S219 S477,895 32670 $726 S23.707745 407.445.634 31-Dec-73 I-Jan-74 269% 450,413 $585 $263,309,587 301,871 S166 $50.233,528 156,816 $493 $77,392,079 2,179 $224 $487,453 32,670 $740 $24, 191 900 415,594,546 31-Dec-74 I-Jan-75 275% 450,413 $596 $268,575,778 301871 $170 $51.239,198 156.816 $51)3 $78,929,721 2.178 $228 $497,202 32,670 S755 $24,665,538 423,906,437 31-Dcc-75 1-Jan-76 280% 450,413 S609 S273,947,294 301,871 $173 $52,262,962 156.916 $513 S8O,598,315 2.179 $233 $507.146 32,670 $770 $25,158,949, 432.394,566 31-Dcc-76 €-Jan-77 286% 450.413 S620 S279,426,240 -"D 1.87i $177 $53.308,221 156,816 $524 $82.119,482 2,178 $238 6517,289 32,670 $785 $25,662;125 441,032,25? 31-Dec-77 €-Jan-78 291% 450.413 $633 $2R5fl14765 ;01.87i 11811 554.3h1.3R6 156.816 $534 $83,760851 2,IIR $242 $527.635 32,670 $801 $26,175,266 449.82902 'Awing m the Pmkrr Corm App ml District and'1'armur t'-,,I Appmisa] Dimict r,q-ry rs assessed ns of January I uan.11, During 1. awcsacd -h. ,pres U na: Nn we nfdh building-plc+cd as of Jm,,,y I. A,-, nn n^s -1 wine daring con9rrv=u�� -Arsusucs an annual in0alion facmr of 2 b-A Provided by the Developer. Reinvestment Zone Number Sixteen Fort Worth, Tess (Velle Ranch) Exhibit C-1.242: Projected Assessed Value - 2048 Development - Tarrant County De%eiormenl 2.0% Multi -Family Industrial Retail (Padfinline) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Total Projected End'. As 00 Facto,2 Sq Ft' S Fi Assessed Value Sq Ft' gg Ft Assessed Value sq F1' gq Ft Assessed Value Assessed Value 31-Deo-23 1-Jan-24 IUO% U $213 SD 0 $62 s0 D S275 SO 0 31-Dep24 I-J-25 IQ% II $217 SO U $63 $0 0 S281 SO 0 31-Dee-25 t-Jan-26 1041/. 0 $226 $0 0 $64 $0 0 $296 30 G 31-Dec-26 I-tan-27 1061/6 I3 $230 SO 0 $66 $G 0 $292 $0 0 31-De-27 l-Jan-28 108% 0 $235 $0 0 $67 $0 0 S298 $0 0 31-Dec-28 I-tan-29 110% 0 $240 SD 0 US $0 D S3U4 $0 0 31-Dec-29 I-tan-30 113% D WAS SD U $70 SO 0 S310 $0 U 31-De 30 1-J-31 115% 0 $249 $D 0 $71 V) 0 S316 $0 {) 31-Deo-31 14nn-32 117% 0 $254 $U 0 $72 $0 0 5322 $D 0 31-Dec-32 I-Jan-33 120% 0 $260 $0 0 $74 $0 0 $329 $0 0 31-Dec-33 I-Jan-34 122% 0 $265 $U U S75 $0 0 $33$ $0 0 31-Dec-34 I-Jan-35 124% D $270 SO 0 $77 $0 0 $342 $0 0 31-Doc-35 I-Jar(-36 127% 0 $275 SO 0 $79 $0 0 $349 $0 0 31-Dec-36 1-Jan-37 129% 0 $291 SD 0 SM) $0 G $356 $0 0 31-D-37 l-Jen-38 132% D $287 $D 0 $82 $() 0 $363 $D 0 31-Dec-38 Wan-39 135% 0 $292 SO 0 $R3 $(1 0 $370 $(I 0 31-Dec-39 l-Jm-40 137% 0 S298 SO 0 $85 $6 0 $37R $0 0 31-DDc-40 I-Jm-41 140% 0 $304 VD 0 $97 $0 D $395 $E 0 31-Dec-41 I-Jan-42 143% 0 $310 $0 0 $88 $0 D $393 $o 0 31-0ec-42 I-Jan-43 146% 0 $316 SO f} $90 $0 0 S401 $E U 31-Dec-43 I-Jan-44 149% 0 $323 $0 0 $92 $0 0 S409 $0 O 31-Drr:-44 I-Jan-45 152% 0 $329 $0 U $94 $0 0 $417 $0 U 31-Dec-45 I-Jm-16 155% 0 $336 £0 0 $96 $0 0 $425 $o 0 3I-Dec-46 I-Jan-17 158% D $342 $0 U $97 90 0 $434 VO 17 31-Dec-47 1-Jan-49 161% 0 $349 $0 0 U9 £0 0 $442 SO 0 31-Dec-48 IJan-1) 1641/. 362,573 $356 $129, 195,347 245,243 SI01 S24,875,083 32,670 $451 $14,739,614 169,107.i63 31-NC-49 I-Jan-50 167% 362,573 S363 $131.;179,254 245,243 $103 125,312,595 32.670 $460 $15,034,407 172,489,306 31-Dec-50 1-Jan-51 171% 362,573 $371 $134,414,839 245,243 SLIM $25,M),037 32,670 $469 $15,335.075 175,939,092 al-Dec-51 I-Jan-52 174% 362,573 $378 $137,103,136 245243 SIOR $26.397,637 32,670 $479 $15,641797 179,457,874 31-Dec-52 1-Jan-53 1781/1 362,573 $386 $139_945, 199 245,243 s11G $26 925,59E 32,67E $488 $15,954,633 183,047i131 31-Dec,53 Wart-54 ISM. 362,573 $393 $142 642,103 245,243 $112 $27,464,102 32;670 $499 $16.273,725 186,707,972 31-Dec-54 I-Jan-55 185% 362,573 $401 $145494.945 245.243 S114 $28,013.384 32,G70 $509 $16.599,20D 190,442.131 31-Dec-55 I-Jan-56 189% 362,573 S409 $148,404,844 245,243 S117 $28,573,652 32,670 $519 $16,931,194 194,250,974 31-Dec-56 I-,tan-57 192% 362,573 $417 $151.372,941 245,243 S119 $29,145.125 32,670 $529 S17,269,807 198.135.994 31-Dccr57 1-3an-SR 196% 362,573 $426 $154,400,399 245,243 $121 $29,728,U27 32,670 $539 V17,615,204 202,0918,713 3l-Dec-58 I-Jan-59 Nu% 362.573 $434 $157.499,407 245,243 S124 $30,322599 32,671) S550 517.967,508 206.140.688 31-Dee-59 1-Jan-60 2(A% 362,573 $443 $160,638,176 245,243 S126 $30,929,039 32,671) S561 $18,326,158 210,263,501 31-Dec-60 I -Jan[] 208% 362.573 $452 $163.850.939 245.243 $129 $31,547,620 32.67E S572 518,693,395 214,468,771 31-Dec-61 1-Jan-62 212% 362.373 S461 $167.127,958 245,243 $131 $32J78,573 32,670 $384 S19,067,Z63 213,758,147 31-Dec-62 I-Jan-63 21 G% 362,573 $470 $170470,517 245,243 $134 $32.822.144 32,670 $595 $19.449.609 223,133.310 31-Dec-63 1-Jatr64 221% 362,573 "0 $173,979,927 245,243 $137 $33,478,S87 32,670 $607 $J9,837,38D 227,595,976 31-Dec-64 1-3311-65 225% 362,573 $499 $177.357 526 745,243 5139 S34.149.159 32.670 S619 $20.234.332 232. 147.996 31-Dee-65 1-Jan-66 23G% 362,573 $4x) $1 90,904,676 245,2.43 S142 S34,831,122 32,670 S632 $20,639,039 236,790,853 II-Dec-66 I-Jan-67 234% 362,573 $5N $I 84.522.770 245 243 $145 $35.527,744 32,670 $644 $21.051.799 241.526,671 31-Dec-67 1-Jm-68 2399% 362,573 $519 $188,213,225 245,243 $148 $36,238,291) 32,670 $657 $21,472,835 246,357,204 11-Dec-68 I-San-61) 244% 36^„573 $529 $191.977 J90 245,243 $ist S36,%G ,065 32,670 $670 $21,902,292 251,284.348 31-Dec-69 1-,7 -71) 24'➢°/h 362,573 $m $In5,817,040 245.24-1 $l54 $37,7U2,326 32,670 $684 $22,34D,337 25a,310,035 11-Dec-70 I -Jan 71 254% 362,573 $551 $Io9.733,380 245,141 $157 138,456,373 32,670 S697 $22.787,144 2bl,436,236 31-Dec-71 1-Jan-72 2591A 362,573 $562 $2(t3,728,048 245,.Z41 $160 $39,225,500 32,670 $711 $23,242,887 266,664,960 31-Dec-72 I-J.03, 264% 362,571 $573 $207802.609 245,243 $163 $46,010,010 32,670 $726 $23,707,745 271998,260 31-Dec-73 1-inn-74 269°l0 362573 $595 $211,953,661 245,243 $166 $40,810,211 32,670 $740 $24,181,900 277,439,225 31-Dec-74 I-Jan-7i 275% 362,573 $59C, S216.197,834 245,243 $170 $41,626,415 32,67E 5755 S24,665,538 282,996,999 31-Dec-75 1-.1an-76 28D% 162,571 $608 $220,52t,791 245243 $173 $42,458943 32,67(1 $770 S25.158,849 288,646,729 31-Dec-76 I-Jan-77 286% 3623573 $62G $224.932227 245,243 $177 $43,309,122 32,670 S7R5 S25,662,025 2)3J19fi64 31-Dea77 I-Jan-78 291% 362,573 1633 $229.430,871 245.243 S780 $44-174,285 32,670 3801 $26A75,266 300.3U8,057 IACeardiag In the 1'nrtn�l C'.n 0 Appracsal Dis Lp,epedy ., .Flanuari- 1 an .11, launng construction. th, assc d value repeeccn[, Ds portion uI tM building completed as of 3-.,y 1_ Assumes no assessed value during cunusue .- 'ASPWII[x M aMuaE :n:'.�liun lacto, o(2.0% 'P-ded M IM Devcl„ per. Reinvestment Zone Number Sixteen Fort North, Texas (Peale Ranch) Exhibit C-1.25.1: Pro'ected Assessed Value - 2049 DevelD mentl - S13Ittma 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 Sq Ft Assessed Value Sq Fe Sq Ft Assessed Value Assessed Value _31-_Dec-23_ _ ' 1_-Jan-24_ 100% 0- $213 $0 _ �$0 0 $62 J $0 _ 0 I 31-Dec-24 1-Jan-25 102%- 0 $2i7 0 $63 $0 0_ 1-Jan26 - 0 -106% - $64 _ � �$0 _ - w 31-Dec-26 _ 1-Jan-27 _%-F_ - 0 $230- $0 0" $66 O tt 31-Dec-27 � " t... �-.,_. 1- � ,._�,.. � 108%....,__.�._ _ �... - -$235Jan-28 _ .,--.-- W$68 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $0 0 31-Deo-29� �1-Ja_n-30..__...._113°/a -� -._ .__.._$245_ _. - �� ""$0� .-- ----0_ �$70, .__._... -"$0 _ _-- :. •-- -0 : - + I-Jan-31� _�; 115% 0 $249 0 $71 $0 0 _31-Dec-30� D {-31 ec- 31':�? _ , -i-Jan-32 _ 111/a , __ - _$0_ _ - _ - _ Y$Q _ _ - 31-Dec-32 -l-Jan-33 - 120% 0 _-$260 $0 0 $74 0 _ f $265 _ _ �0 _ ~ T 31-D-ea34 TM 1-Jan-35 - 124%° 0 $270 $0 S77 $0 0 4 ---,. -.-._� _....ew_w--„--_.._--w_,n«.-- i- 31-Dec-35 1-Jan-36 127/° 0 $275 $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 1-Jan-39.w135%°r 0« $292 $0 0 $83� $00_ _ $Q • V Q - I-Ian-41 140% 0 $304 w $0 M 0 $87 $0` .."..___.. �0 _31-Dec-40 _ _ _ _...._ µ_ r ._.« j $0- Y 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90_ $0 0 c . �31 Dea43_ 1-Jan44 149% _. _.._ ~ - _ _ _ _ _ _ _ �323 _ _ e_.= fl -- - •_0 $92 - T$3329 �$0_ ' 31-Dec-44 I-Jan-45 152% 0 $0 0 0- t - 31 Dec 45 T Flan 46 - - _ w 7-0 _ _ $336 _ r _ �$� J _ �Y �0 _$9_4 .� 596 - �$47 _ -- - $0 - _ _ _0__ 31-Dec-46 1-Jan-47 _155% _ 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-_ 0 $101 $0 0Y __.,. m -..._ _M,.. ; . _...._, _.,,, �.._,____ t 31=Dec-49 • 1-Jan-50 167°/6 ' ' S0,413 $363 ...... 5228 301,g_ 71 e .$103_V-m.._.. _ .._ 231 264 31-Dec-50 1-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-Dec-52 I-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. 188% --450,4i3' "$409 - $184,35_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 1920/a� 450,413 5417 S188,045,849 301,871 S119 _ 31-Dec-57 v _TG-- 8 _I96?/o'- � 450,413- -450,413 _ _ $426 $19I,806;766 _-T301,871 � $121 _ _ 536,592,403 " _- 228,39_9,169 �S124- 31-Dec-58i l-Jan-59 200%0 $434- $195,642,901 301,87I $37.324,251 232,967,152 31-15ec-S - 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~^ 252,171,138rv _3[_Uec-63'Y1-Jan-64 450,413 _� _ _$480 W $216U0_5,572 rv_ 301,8_71 �301,871 _ ^ $137 W _ $41,208,9_89 ,� 257,214;561_< -$42,033,169 3I-Dec-64 1-Jan 65 225% 450,413 $489 $220,325,683 $69 262,358,852 _31-Der-651-Tan-68 - 230% 450,413M- _' $499µ 5224 732,197 _301,871142F, _ -� $42 873,832- -p-267,606,a29 J -$43,731,309 31-Deta66 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 _~_�$519 -- �� _ _. 233 811,374__�_ 301,871�, ^301.ffi -S148 .�^$44,6D5,gK ___�278,417,312 31-Deo-68 1-Jan-69 244% 450,413 $529 $238,487,605 $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 2591/6 450;413 $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 $50,233,528 313,543,114' 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_ 3_01,871 ,-$173_ _$51,238,198ry $52 629fi2 2,� _. 326,210 256 " --• _" 31-Dec-76 1-Jan-77 286% 450,413 _. $620 - _ _ $279,426,240 �.. �301,871 r. $177 -•---_ _ $_53,308,221 _ 332,734,461 _ 31-Deo-77 1-Jan-78 291°/_0 45Q413_ - �297% A $633 -05 _$28!i014,765_-« -- 301,871 _ $180 x _ _ $54,774,38fi. ��l 339,389,150 -346,176,933 31-Dec-78 1-Jan-79 450,413 $290,915,060 301,871 $194 $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: Projected Assessed Value - 2050 Development' - Tarrant County Residential Commercial Development 2.0°/o Multi.Family _ Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Or Factorz Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dee-23 I-Jan-24 1000/e 0 $213 $0 0 $62 SO 0 31-Dec-24 l-Jan-25 102% 0 $217 $0 0 $63 $0 0 31-Dec-25 I-Jan-26 104% 0 $226 $0 0 S64 $0 0 31-Dec-26 t-Jan-27 106% 0 $230 $0 0 S66 $0 0 31-Dec-27 I-Jan-28 1090/a 0 $235 $0 0 S67 $0 0 31-Dec-28 l-Jan-29 110% 0 $240 $0 0 $68 $Q 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 '-Jan-32 11711/6 0 $254 $0 0 $72 SO 0 31-Dec-32 l-Jan-33 120% 0 $260 $0 0 $74 $0 0 31-Dec-33 1-Jan-34 1220/0 0 $265 $() 0 $75 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 s0 0 $77 $0 0 31-Dec-35 I-Jan-36 127'/o 0 $275 $0 0 $79 $0 0 31-Dec-36 l-Jan-37 129% 0 $281 $0 0 S80 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $o 0 31-Dee-38 l-Jan-39 135% 0 $292 $0 0 $83 $0 0 31-Dec-39 l-Jan-40 137% 0 $298 $a 0 $85 $0 0 31-1kc-40 I-Jan-41 140% 0 S304 $0 0 S87 $0 0 3I-Dec41 l-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 1-Jan-44 149a/o 0 $323 $() 0 $92 $0 0 31-Dec-44 t-Jan-45 152% 0 $329 $0 0 $94 s0 0 31-Dec45 1-Jan46 155% 0 $336 so 0 $96 $(1 0 31-Dec-46 l-Jan47 1589/6 0 $342 $0 0 S97 $0 0 31-Dec-47 1-Jan-48 1.61%a 0 $349 SO 0 $99 $0 0 31-Dec-48 1-Jan-49 164% 0 $356 $0 0 $101 $o 0 31-Dec-49 l-Jan-50 167% 0 $363 SO 0 $103 $0 0 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 1741Y, 362,573 S379 $137,103,136 245,243 $108 $26,397,637 163,500,773 31-Dec-52 I-Jan-53 178% 362,573 S386 5139,845,199 245,243 $110 $26,925,590 166,770,789 31-Dec-53 1-Jan-54 181% 362,573 $393 $142,642,103 245,243 $112 $27,464,102 170,106,205 3l-IJec-54 I-Jan-55 185% 362,573 S401 S145,494,945 245,243 $114 $28,013 394 173,508,329 31-Dec-55 1-Ian-56 IW/o 362,573 $409 $148,404,844 245,243 $117 $28,573,652 176,978,495 3l-Dec-56 1-Jan-57 192% 362,573 S417 $151,372,941 245,243 $119 $29,145,125 180,518,065 31-Dec-57 1-Jan-58 196% 362,573 $426 $154,400,399 245,243 $121 $29,728,027 184.128,427 31-Dec-58 1-Jan-59 200°/a 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 S160,638,176 24%,243 $126 $30,929,039 191,567,215 31-Dec-60 1-Jan-61 208% 362,573 S452 $163,850,939 245,243 $129 $31,547,620 195,398,559 3l-Dec-61 1-Jan-62 212% 362,573 $461 S167,127,958 245,243 $131 $32,178,573 199,306,530 31-Dec-62 1-Jan-63 216% 362,573 S470 $170,470,517 245,243 S134 S32,822,144 203,292,661 31-Dec-63 1-Jan-64 221% 362,573 S480 $173,879,927 245,243 $137 $33,479,587 207,358,514 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-67 234% 362,573 $509 $184,522,770 245,243 5145 $35,527,744 220,050,514 31-Dec-67 I-Jan-68 239% 362,573 $519 $188,213225 245,243 $148 $36,238,299 224,451,525 31-Dec-68 1-Jan-69 244% 362,573 $529 $191977,490 245,243 $151 $36,963,065 228,940,555 31-Dec-69 I-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% 362,572 S551 $199,733,380 245,243 S157 $38,456,373 238,199,753 31-Dec-71 I-Jan-72 259%!0 362.573 $562 $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 31-Dec-73 I-Jan-74 2690A 362,573 $585 $211,958,661 245,243 $166 $40,810,211 252,768,872 31-Dtec-74 l-Jan-75 275% 362,573 $596 $216,197,834 245,243 $170 $41,626,415 257,924,249 31-Dec-75 l-Jan-76 280% 362,573 $608 $220,521,791 245,243 $173 S42,458,943 262,990,734 31-Dec-76 l-Jan-77 286% 362,573 $620 $224,932,227 245,243 $177 $43,308,122 268,240,349 31-Dec-77 1-Jan-78 291%. 362,573 $633 $229,430,811 245,243 S180 S44,174,285 273,605,156 3l-Dec-78 I-Jan-79 297% 362,573 S645 $234,019,489 245,243 $184 $45,057,770 279077,259 31-Dec-79 1-Jan-80 303% 362,573 $658 S238,699,879 245,243 $187 S45,958,926 294,658,804 MaruCap, Inc. 1 According to the 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 I Assumes no assessed value during constnution 2Assumes an annual inflation factor of2,0%. rProvided by the Developer Reinvestment Zone Number Sixteen Fort Worth, Texas (Velue Ranch) Exhibit C-1.27,1: Pr6ected Assessed Value - 2051 Devela men> - Summa Residential Development 2.00/e Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Off Factor' Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft_ Assessed Value Assessed Value -- - 31-Dec-23 1-Jan-24 100°/a 0 $213 $0 0 $62 $O 0 31-Dec-24 I-Jan-25 102% 0 $217 SO 0 $63 $O 4 31-Dec-25 1-Jan-26 104% 0 $226 $4 0 $64 $0 0 31-Dec-26 I-Jan-27 106% 0 $230 $0 0 S66 $O 0 31-Dec-27 1-Jan-28 108°h 0 $235 $0 0 $67 $0 0 31-Dec-28 I-Jan-29 ll0°% 0 $240 $O 0 $68 $0 0 31-Dec-29 I-Jan-30 113% 0 $245 $0 0 $70 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 SO 0 S71 $O 0 3l-Dec-31 I-Jan-32 117°/a 0 $254 $0 0 $72 $0 0 31-Dec-32 1-Jan-33 120% 0 S260 $0 0 $74 SO 0 31-Dec-33 l-Jan-34 122% 0 $265 $0 0 $75 $0 0 31-Dec-34 I-Jan-35 124% 0 $270 $0 0 $77 SO U 31-Dec-35 I-Jan-36 127% 0 $275 5i0 0 $78 $0 0 31-Dec-36 1-Jan-37 129°% 0 S281 $0 0 580 SO O 31-Dec-37 i-Jan-38 132% 0 $287 $0 0 $82 $Q 0 31-Dec-38 I-Jan-39 135% 0 S292 $0 0 $83 $0 0 31-Dec-39 I-Jan-40 I 0 $298 $0 0 $85 $0 0 31-Dec-40 I-Jan-41 140% 0 $304 $0 0 $87 $0 0 31-Dec-41 I-Jan-42 143% 0 $310 $0 0 $88 $0 0 31-Dec42 i-Jan-43 146% 0 $316 $0 0 $90 SO 0 31-Dec-43 i-Jan-44 149% 0 $323 $0 0 $92 $0 0 31-Dec44 I-Jan-45 152°% 0 $329 $0 0 S94 $0 0 31-Dec45 Wan-46 155% 0 $336 $0 0 $96 $0 0 31-Dec-46 I-Jan-47 158% 0 $342 $0 0 $97 $0 0 31-Dec-07 I-Jan48 161% 0 $349 $0 0 S99 $0 0 31-Dec-48 l-fan-49 164% 0 S356 $0 0 SIM SO 0 31-Dec49 I-Jan-50 167% 0 $363 $0 0 $103 $0 0 31-Dec-50 I-Jan-51 171% 0 $371 $0 0 $106 $0 0 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 56,628 $109 $15095,169 176,414,298 31-Dec-52 I-Jan-53 178% 450,413 $386 S173,725,298 56,628 $110 $6,217,277 179,942,574 31-Dcc-53 I-Jan-54 181% 450,413 $393 $177,199.803 56,628 $112 $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 $184,358,676 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 $6,729,780 194,775,629 31-Dec-57 1-Jan-58 196% 450,413 S426 $191,806,766 56,628 $121 $6,864,376 198,671,142 31-Dec-58 I-Jan-59 200% 450,413 S434 $195.642901 56,628 $124 $7,001,663 202,644,565 31-Dee-59 1-Jan-60 204% 450,413 S443 $199,555,759 56,628 $126 $7,141,696 206,697,456 31-Dec-60 1-Jan-61 208% 450,413 $452 S203,546,875 56,628 S129 $7,294,530 210,831,405 31-Dec-61 I-Jan-62 212% 450,413 $461 $207,617,812 56,628 $131 $7,430,221 215,048.033 31-Dec-62 I-Jan-63 216% 450,413 $470 $211,770,168 56,628 $134 $7,578,825 219,348,994 31-Dee-63 1-Jan-64 221% 450,413 $480 $216,005,572 56,628 $137 $7,730,402 223,735.974 31-Dec-64 1-Jan-65 225% 450.413 $489 S220,325,683 56,628 $139 $7,885 010 228,210,693 31-Dec-65 1-Jan-66 2306/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 S229,226,841 56,629 $145 $8,203,564 237,430,405 31-De"7 1-Jan-68 239% 450,413 $519 $233,811,378 56,628 S148 $8,367,636 242,179,013 31-Dec-68 I-Jan-69 244% 450,413 $529 $238,497,605 56,629 $151 $8,534,988 247,022,593 31-Dec-69 €-Jan-70 249% 450,413 $540 $243,257,357 56,628 S154 $8,705,688 251,963,045 31-Dec-70 1-Jan-71 254°% 450,413 $551 $248,I22,504 56,628 S157 S8,879,802 257,002,306 31-Dec-71 Wan-72 259% 450,413 $562 $253,084,954 56,628 SI60 $9,057,398 262,142,352 31-Dec-72 l-Jan-73 264% 450,413 S573 $258,146,653 56,628 $163 $9,238,546 267,385,199 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 56,628 $166 $9,423,317 272,732,903 31-Dec-74 I-Jan-75 275% 450,413 $596 $268,575.778 56,628 $170 $9,611,783 278,187,561 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 56,628 $173 $9,804,019 293,751,313 31-Dee-76 I-Jan-77 286% 450,413 S620 S279,426,240 56,628 S177 $10,000,099 289,426,339 31-Dee-77 1-Jan-78 291% 450,413 $633 $285,014,765 56,628 $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 56,628 $187 $10,612,185 307,141,546 3l-Dec-80 1-Jan-81 309% 450413 $672 $302,459,948 56,628 $191 $10,824429 313,284,377 Mxnicap. 1M. lAmirding to the Parker County Appraisal District and Tarrant Count Appraisal District property is assessed as of 3anuary 1 annually. During construction, the assessed value ropresents the portion ofthe building completed as or January 1. Assumes no assessed value during construction 'Assumes are annual inflation factor of 2.M 'Provided by the Devcioper Reinvestment Zoue Number Sixteen Fort Worth, Texas (YealeRauch) Exhibit C-1.27.2: Projected Assessed Value - 2051 Development! — Tarrant Count Residential Development 2.0% Multi -Family Year Assessed Inflation Value Per Projected Total Projected Ending As Oft Facto? SC, Fts So Ft Assessed Value Assessed Value u 31 Dec-23 . .. 1-Jan=24 °. ° 100% _--.. = 0 •_rr a - 213. -�' $0 0 1 31-Dec-24 wr 1-Ian-25 r 102% 0 $217 $D" 0 i 31 ;Dec-25 _ '1-Jan-26 _e 104°fo •_- - -_U_ - _$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 $240 $0 0 _ 31-pec-30 1-Jan-31 I [ 5% 0 $249 $0 0 - 31 DeG311-Jt&32$254 -__$260 m . 31-D(o-: 2 1-Ian-33 ._ 120% 0 $0 0 31vDeo-33 �__ --dan_34 _ _ _ I22%o 31-Dec-34 - _ �129%° 31-Dec-36 1-Jan-37 0_ $281 $0- 0 _ y _ �0 _ _ _ 31-Dec-38 1-Jan-39 135%° $29_2TM $0 0� 31-Dec-39' _' ---fan40" - _t .. 137%' ....rm.~0 �140% b.k- $298 $0 _. .m- _ - TA ' . -i J_0 ry 31-Dec 40 1-Jan-41 0- $304 $0 31-Dec-42--^.-_- 14an43 146% I �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�7 758°fo_ 0� $342 $0 0 - _.$_ 0.�, 0 31-Dec-48 1-Jan 49 164% 0 $356 $0 0 :• "31-Dec 49 l-Jan 50 , _167% _„ 0 wNT $363 31-Dec-50 i-Jan -51 k 71 0 0 $37I $0 0 31-Dec-51 _ l-Jan 52 Y µ 174% �Y� 362,573_ µ362,573 - $378137,103,136' _ _ --t 31-Dec-52 Han-53 178% $386 $139,945,199 139,845,199 -- 31-Dec-53 1-tan 54 _ w -181%-' 362,573 _ - ~_ $393' �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 - ]96% T_ 362,573 . $426 :::,_�$154,400,399 �^ 154,40D,399 �a 31-Dec-58� 200% 362,573 $434 $157,488,407 157,488,407 t- 31�DeF59_ 2,573 36362,573 _ �$44 �_V _ $lb_O,b38,176 160,638;I76_ _— 31-Dec-60 1-1an-61 208% - $452 �$163,850,939 TT 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 _ 5540^ _ $195',817,040_ T195- 7. 0 31-Dec-70 Wan-71 254% 362,573 r_ $199,733,380_ f 199,733,380 € 31-Dec 71 _ 1-Jan-,72 _ _259%° 362,'573„-$StiZ �362,573 _$551 „-_ $203,726,048 _W� 203,728,048,_ j _207,802,609 31-Dec72� - 1-Jan-73 264% $573~ $207,802,609 2,' _ _._ -, _ _ _ _ .- --. 31-Dec-73 1-Jan 74 269% _ 362;573� �w ,. . _ .M-.,207,_ ___._ $211,958,661r_. ._. c_ 31-Dec-74� pI-Jan-75 -$585,�„q 275% 362,573 $596 ,,_ $216,197,834 w.�211,958,661 216,197,834 s31-Dec�75____ _ 1-Jail 75 _ 2$0% ' W _ y 362,573 w ' $608 ' $220,521,791 +220.52I.791µ -- 28fi%._ 362,573� $b20� $224,932,227 224,932,227 31-DeCv77 T__1-Jan-78-291"/° T _ 362,573R•µ �362,573 �$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°fu ,, r 362,573 �362,573 _ $658 _ 3238,699,879 238,699,879 1 31-Dec-80` I-Jan-81 309% Y $672 $243,473,876 _243,473,876� Municap, Ine. tAccording to the 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.tr/a 'Provided by the Developer. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.11 ! Pro'ected Assessed Value - All land Uses - Develo meat Years 2025-2029 - Summa 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 1 31-Dec-23 1-Jan-24 1000% S0 -, $0 __ __ __._. __ .. _ $0 ._ �-. ..�.___ $0 _ _ __-- $0 .-----'--.� ^ $0 ----' 1-Jan-25 102%� $D $0_ $O~ $0� $4 _31-Dec-24 i_ 31-Dec-25 l-Jap,26 _� J64--l. _' SI64,441,64D � _ _ ?� -�$206,357,509 _ _ _$0 J �. J Tw.� _ .._.� $0 _ 0. _ 31-Dea26 1-Jan-27 106%4 $167,730,473 �$O _ $0 - $0� $0 $374,087,981 1-Dec-27 1-Jan-26 108% $21,,$35,,w 0 -AS733,I7525 ' _ $174,506,764 $214,694351 $358,637,900 $403,337�769 $0 $1,151,176,804 31-Dec 29 1-lan-30 " „ 113% " 5177,996,920 $218,988,238 $365,810,656 $411 444 525 $454,102,919_ $L,62B,303,260 w 31-Deo-30 1-Jan-31 115% $f81,556,856 $223,368,003 5373,126,871 $419,632,615 - $463,184,978 $1,660,969,325 - 31-Deo-31$380,584W a _ ._,.._..- __,__ .... _...„..,� _ 409 �_ -r.. .-._ $4_28,025,267' T-$472,448,677 ____....._._w 51,694;086,7!! 3 15De 2 1-Jan-33 120% $188,891,755 $388,201,197 $436,595,773 $481,897,651 $1,727,968,445 E-731_Dec-33 _^I-_Jan-34-� y 122%° _ w_$192,669,590 -- _$232,392,070_ v _ _ _ _ 31 Deo-34 1-Jan-3S 124% 5196,522,982~ $241,780,710 S403,884,525 $Q54,223,838 ` $501,366,316 $1,747,778 371 ' _ 31 Deo-35 1-JJan-36 u 1_2_7% " J129% � _ S200,453,442 VS204,462,510 S246,616,324 � � ~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 -3333_1111-_3 -J_m-a _ 208,51,76 �* S208,551,761 _ S256,579.,6.2.3 , m..�.__.�_.._.-.$$5535_2.053.,994255 �$$11;990874.,889162.,75889 e-333L89.7O. -J_n-9_1_5% 722796 $261711,216 $437,177,599 $49166fi490 $542,695_024 $1,945,973µ1275 - ee..ccc.�- IE 98.,--- 4835 _ �$2,024,590,439 1_ $272,284,349 $954,839,574 $511,529,8161-Jan-41 $564,619.903 3l-D_ec 4k ^ 1=lan-42 ]q3%?x $225,7_43,133 T _ $277 734 036 "'rn' "$963 936 3G5 5521 760 413 . ,,..»...m.ukYa. - jsI-Tan-43 `"",$575 912 301 .wrmn.,. $ 65-082Y248 ,..,•w .,._.l,W .. /..«....._..- 31-Dec-42 l46°/a $230,257,995 $283284,637 $473,215,093 $532,195,621 $587,43D,547$2,106,383,893 31 Dec 43 l=Jan 44 ]q9°/a - -,' $234,863;155 a "-$288,950,329 $482,679,395 $592,839,533 $549,179,158 $2,I48,511,571 31-Dec-44 1-Jan45 152% $239,560,418 $294,729,336 $492,332,983 $553,696,324 $611,162,741 31-Decw45 1-Jan 96 wl-Jzu - W i55% � $244,351,627 m $3p0,623,923 _ �_ _ _ _� _ �502,179,642, m _ _ _ $564,- 70,250- _ _ $623 385,496 _$2,191,481,902 31-Derrl6 47 158% $249,239,659 $306,636,401 $512,223,235 $576,065,655 $635,853,716 $2,280,017,667 sw 3131-Dec 1-Jan-48Y� l6!%' ��_$25a,223,432-"' -"'- _ �164% $312,769129 ^'P $522,467,70D ' '- T ^ 5587,586969-"-� "'-'�' S648,570,794 52,325,618,020 31-Decr48 1-Jan-49 $259,307,90I $319,024,512 $532,_917,054 $599,338,708 $6b1,5Q2,206 $2,372,136381 31 Dec 49 -31-Dec-50 W •1—Janµ50 _ 167% - $2&3 Q94 059 � _ - �_$325 405,002 $543 575.395 ' _ T T x$554,446,903� 5611,325,482w� -$623,551,992 5674,773,050 - $2,419,572,98_8- ' 1-Jan-51 171% $269,783,940 $331,913,102 $b88,268,511 $2,467,964,448 _ 3I-Dec-51 - 1-Jan-52 174% w.w $33$,551,31i4 :_�.-m-...tea.... � _ 3565535841���63_5,023032$7_02,0_33 - _,r., .w_M.._,.„.._....-.. _ .__.._.�.,..._..,.�.._ 8$l ~'v x _..,.__�... - $2;517,32_3,737 _ _ ' .. 31-Doe52 1-Jan-53 178% $280,683,212� $345,322,391 $576,846,558 $649,743,492 $716,074,559 $2,567,670,212 31-D_eF53 6Ian-54 181%-w..„ $286,296,876 _ M185% w + $352,22&,839 , „_ 36 M.w_ .5588,3;48 „SfiD0,151 $6 b1718,362--�m w _ w , W$730,396,OSD w�'$2,619023G16_ , Jan-55 $292 022Y613 $359,273,416 159 $674,952,729 003,971 $2,671,404,088 �31rDec 55 w1-Jan-56 188%� �192% , 5297,863,270w_-_ _ $36 458'884..:-`t_'-: `$612,I54,182- - T $b68,451,784 __$7_45 _ 31-Dec-56- 1-Jan-57 $343,820,535 $373,788,062 Y = $624397265 `�.:_'°t $702,220,819 $775,102,132 S22,101,720,217 - ^ $6_3 _6 6B5 21'1 _ �5649,622,915 - 236 =_k S7i6' 65 `; ' ` .: ' - $790.604,174 ' �- S1 06,B_69,410 V ` S . _ 31-Dee-58 1-Jan-59 200%o S316,094,665 $388,899,100 $730,590,541 $806,416258 $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, 6Sce Exhibit C-1.4.1. 'See Exhibit G1.5.1. Reinvestment Zone NamberSixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.1.2: Projected Assessed Value - All Land Uses - Development Years 2025-2029 - Tarrant County Development 2,0% 'total Projected Year Assessed Inflation 2025 Development 2026 Development 2027 Development 2028 Development 2029 Development Assessed Value Ending As OP Factor Projected Assessed Value' Projected Assessed Value" Projected Assessed Value' Projected Assessed Value" Projected Assessed Value' At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 3I-Dec-24 1-Jan-25 102% $0 SO $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $164,441,640 $0 $0 $0 $0 $164,441,640 31-Dec-26 1-Jan-27 106% $167,730,473 $206,357,508 $0 $0 $0 $374,097,991 31-Dec-27 1-Jan-28 108% $171,095,082 $210,484,658 $291,696,059 $0 $0 $673,265,799 31-Dec-28 1-Jan-29 110% $174,506,784 $214,694,351 S297,529,980 $342,229,850 $0 S1,028,960,965 31 Dec-29 1-Jan-30 113% S177,996,920 $218,988,238 $303,480,580 $349,074,447 $359,396,122 $1,408,936,306 3I-Dec-30 1-Jan-31 115% $181,556,858 $223,368003 $309,550,192 $356,055,936 $366,584,045 $3,437,I15,033 31-Dec-31 1-Jan-32 117% $185,197,995 $227,835,363 $315,741,196 $363,177,054 $373,915,725 $1,465,857,333 31-Dec-32 1-Ian-33 120% $188,891,755 $232,392,070 $322,056,019 $370,440,595 $381,394,040 $1,495,174,480 31-Dee-33 1-Jan-34 122°% $192,669,590 $237,039,912 $328,447.14.0 $.377,849 407 $3.89,021,921 $1,525,077,970 31-Dec-34 1-Jan-35 124% $196,522,982 $241,780,710 $335,067,083 $385,406,395 $396,802,359 $1,555,579,529 31•Dec-35 1-Jan-36 127% $200,453,442 $246,616,324 $341,768,424 $393,114,523 $404,738,406 $1,586,691,119 31-Dec-36 1-Jan-37 129% $204,462,S10 $251,548,650 $348,603,793 $400,976,814 $412,833,174 $1,61S,424942 33 ➢cc-37 1-Jan-38 132% $208,551,761 $256,579,623 $355,575,869 $408,996,350 $421,089,838 S1,650,793,441 31-Dec-38 1-Jan-39 135% $212,722,796 $261,711,216 $362,687,386 $417,176,277 $429,5I1,635 51,683,909,310 31-Dec-39 1-Jan-40 137% $216977,252 $266,945,4.40 $369,941,134 $425,519,803 $438,101,867 $1,717,485,496 31-Dec-40 I-Jan-41 140% $221,316,797 $272,284,349 $377,339,956 $434,030,199 $446,863,405 $1,751,935,206 31-Dec-41 I-Jan42 143% $225,743,133 S277,730,036 $384,886,756 $442,710,803 $455,801,183 $1,786,871,910 31-Dec-42 1-Jan-43 146% $230,257995 $283,284,637 $392,584,491 $451,565,019 $464,917,206 $1,922,609,348 31-Dec-43 1-Jan-44 149% $234,863,155 $288,950,329 $400,436,180 $460,596,31,) $474,215,551 $1,859,061,535 31-Dec-44 1-Jan-45 152% $239,560,418 $294,729,336 $408,444,904 $469,808,245 $493,699,962 $1,896,242,766 31-DeCAS I4anA6 155% $244,351.,627 $300,623,923 $416,612,902 $479,204,410 $493,373,859 SI,934,167,621 31-Dec-46 1-Jan47 158% $249,238,659 $306,636,401 $424,946,078 $488,788,499 $503,241,336 $1,972,850,973 31-Dec-47 1-Jan48 161 % $254,223,432 $312,769,129 $433,445,000 $499,564,269 $513,306,163 $2,012,307,993 31-Dec-48 1-Jan-49 164% $259,307,901 S319,024,512 S442,113,900 $508,535,554 $523,572,296 $2,052,554,153 31-Dec-49 1-Jan-50 167% $264,494,059 $325 405,002 S450 956,175 $518,706,265 S534,043,732 $2,093,605,236 31-Dec-50 1-Jan-51. 171% $269,783,940 $331,913,102 $459,975,301 $529,080,390 $544,724,606 $2,135,477,340 31-Dee-51 I-Jan-52 174% $275,179,619 $339,551,364 $469,174,907 $539,661,998 $555,619,099 $2,178,186,887 31-Dec-52 1-Jan-53 178% 5280,683,212 S345,322,391 S478,558,303 S550,455,238 $566,731,480 $2,221,750,625 AhmlC'up, In, 'According 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 construction 2Assumes an annual inflation ractoro€2.0°/a. 3See Exhibit C-1.1.2. 4See Exhibit C-1.2.2_ 5See Exhibit C-1.3 I °See 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 - Development Years 2030-2034 - Summa Development 2.0% Total Projected Year Assessed Inflation 2030 Development 2031 Development 2032 Development 2033 Development 2034 Development Assessed Value Ending As De Factor' Projected .Assessed Value' Projected Assessed Value` Projected Assessed Value' Projected Assessed Value' Projected Assessed Value' At Buildout 31-Dec-23 I-Jan-24 100°% $0 $0 $0 $0 So $0 31-Dec-24 I-San-25 102% $0 $0 $0 $0 $0 $0 31-Dee-25 1-Ian-26 104% $0 $0 $0 $0 $0 $0 31-Dec-26 1-Jan-27 106% $o $0 $0 $0 $o $0 31-Dec-27 1-Jan-28 109% $0 $0 $0 so $0 $0 31-Dec-28 I-Jan-29 110% $0 $0 $0 $0 $0 $0 31-Dec-29 1-Jan-30 113% $0 $0 $0 $0 $0 $0 31-Dec-30 1-Jan-3T 115% $463,184,978 $0 $0 $0 $0 $463,184,978 31-Dec-31 1-Jars-32 1179`6 $472,448,677 $472,448,677 $o $0 $0 $944,897,354 31-Dec-32 1-Jan-33 120% $481,897,651 $481,897,651 $481,897,651 $0 $0 $1,445,692,952 31-Dec-33 1-Jan-34 122% $491,535,664 S49J;535,604 $491,535,604 $491,535,604 $0 $1,966,142,415 31-Dee-34 1-Jan-35 124% $501,366,316 $501,366,316 $501,366,316 $501,366,316 $501,366.316 $2,506,831,579 31-Dec-35 I-Jan-36 127% $511,393642 $511,393,642 $511,393,642 $511,393,642 $511,393,642 $2,556968,210 31-Dec-36 1-Jan-37 129% $521,621,515 $521,621,515 $521,621,515 $521,621,515 $521,621,515 $2,6D8,107,574 31-Dec-37 I-Jan-38 132% $532,053,945 $532,053,945 $532,053,945 $532,053,945 $532,053,945 $2,660,269,726 31-Dec-3S I-Jan-39 135°% $542,695,024 S542,695,024 3542,695,024 $542,695,024 $542,695,024 $2,713,475,120 31-Dec-39 I-Jan40 137% $553,548,925 $553,548,925 $553 548,925 $553,548,925 $553,548,925 $2,76.7,744,623 31-Dee-40 I-Jan-41 140% $564,619,903 $564,619,903 $564,619,903 $564,619,903 $564,619,903 $2,823,099,515 31-Deo-41 I-Jan-42 143 % $575 912,301 $575,912,301 $575,9€2,301 $575 912,301 $575912,301 $2,879,561,506 31-Dec-42 I-Jan-43 146% $587,430,547 $587,430,547 $587,430,547 $587,430,547 $587,430,547 $2937,152,736 31-Dec-43 1-Jan44 149% $599,179,158 $599,179,158 $599,179,158 $599,179,158 $599,179,158 $2,995,895,790 31-Dec44 1-Jan-45 152 % S611,162,741 S611,162,741 $611,162,741 S611,162,741 $611,162,741 $3,055,813,706 31-1>ec-45 I-Jan-46 155% $623,385,996 $623,385,996 $623,385996 $623,385,996 $623,385,996 $3,116,929,980 31-Dec-46 I-Jan-47 158% $635,853,716 $635-853,716 $635,853,716 $635,853,716 $635,853716 $3,179268,580 31-Dec-47 I-Jan-48 161% $648;570,790 $648,570,790 $648,570,790 $648,570,790 $648,570,790 $3,242,853,952 31-Dec-48 I-Jan-49 164% $661,542,206 $661,542,206 $661,542,206 $661,542,206 $661,542,206 $3307,711,031 31-Dec-49 1-Jan-50 €67% $674,773,050 $674,773,050 $674,773,050 $674,773,050 $674,773,050 $3,373,865,251 31-Dec-50 I-Jan-51 171% %688,268,51i $688,268,511 $688,268,511 S688,268,511 $688,268,511 $3,441,342,556 31-Der-51 I-Jan-52 174% $702,033,881 $702,03',SRI $702,033,881 $702,033,881 $702,033,88.1 $3,514,169,407 31-Dec-52 I-Jan-53 178% $716,074,559 $716,074,559 $716,074,559 $716,074,559 $716 074,559 $3,580,372,796 31-1)ec-53 1-Jan-54 181°% $730,396,050 $730,396050 $730,396,050 $730,396,050 $730,396,050 $3,651,980,251 31-Dec-54 I-Jan-55 185 % S745,003,971 $745,003,971 $745,003,971 $745,003971 $745,003971 $3,725,019,957 31-Dec-55 1-Jan-56 188°% S759,904,051 $759,904;051 $759,904,051 $759,904,051 $759,904,051 $3,799,520,254 31-Dec-56 I-Jan-57 192 % $775,102,132 $775,102,132 S775,102,132 $775,102,132 $775,102,132 $3,875510,659 31-Dee-57 1-Jan-58 1.96°% $790,604,174 $790,604,174 $790,604,174 $790,604,174 S790,604,174 $3,953,020,872 31-Des-58 I-Jan-59 200'% $806,416,258 $906,416,258 $906,416,259 3SC6,416,258 $806,416,2.5R $4,032081,289 31-Dee-59 I-Jan-60 204% $ " 5 $822,544,585 $822,544,583 $822,544,583 $822,544,583 $4,112,7Z2,915 31-Dec-60 I-Jan-61 208% $838,995,475 1839; r95,475 $838,995,475 $839,995,475 $938,995,475 $3,355,981,999 31-Dee-61 i-Jan-62 212% $855,775,384 $855,775,384 $855,775,384 „ $855,775,384 $855,775,384 $2,567,326,153 31-Dec-62 I-Jan-63 216% $872,890,892 $872,890,892 $872,890,992 $872,890.892 ; $R72.890.992 $1,745,781,784 31-Dec-63 I-Jan-64 221°% $890 348,710 $890,349,710 S890,348,710 $890,348,710 C890.358.710 $890,348,710 MernrCup>. Lx. 'According to the Parker County Appraisal District and Tarrant Comm Appraisal District property is ttescssed as of lanuap I annually_ During construction. the assessed value represents the portion of the building completed as of January I. Assumes no asscsscd value during construction. Assumes an annual inflation factor of 2 0% 'Sec Exhibit C.1.6, 1. 'Ste Exhibit C.1.7, 1. 'See Exhibit C-1 Jt.1. °See Edtibit C-19, 1. r&c Exhibit C-1.10.1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.2.3: Projected Assessed Value - All Land Uses - Development 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 Valuc3 Projected Assessed Value Projected Assessed Values Projected Assessed Value6 Projected Assessed Value? At Buildout 1-Jah-24 .100% $0 _ $0 31-Dec-24 1-Jan-25 102°/a $0 $0 $0 $o_$o ._.._, _ w, $0 i_ 31 Dec-25'-� w I�Jan 26 -_-_�-104%0 �_�- _ _._w_-$0 v .-�. _ -$0 - _ �>__SO _ -`_ _ - _ 50�_ W��._ rt S� T'--_ - 31-Dcc-26 1-Jan-27 106% $0 r_;r T$0 . _ __......:_._ $0 _ ...v-"- _ _ so �-�...._- -$0 ,,Yap-_-----' �-...---..-.....-. i ,;31-De�27 --- ..r_._-_ 1-Jan-28 v__.. -.._..—„ ID8% �___•---..-.<..,.--_-..Y._� ..r_��....__-..,.M..-.. ----_—._ $0 _ _ - _ _$o $0.___-__......_n......,......._$o .-�.�._...-..-_..--- �$0 $0.��—�..__._ 31-Dec-28- 1-Jan-29 110%_ $0__--•--.•..--- ...$o $0 __$os , ____ _ - $0 31-Dec-30 1-Jan-31 115% $366,584,045 $O.-�..,.._,,,_....,._.e - $0 $O.- - --^�-' -$0.., $ _6,58.,,_ 366'584,045 .,..--.,..�........._._.._,_.._ 31-Dec-3I _...,...,-^"--•"---.—._._.y_...,....---___---_- 1-Janw32 117%. .............,,.._.-._____.,_........:_._._5.-.._�.._.... $373,915,725 _.,� ,_. _..__._. _ _ $373,915,725 �,,- 31',451 ' 31-Deo-32 1-Jan-33 120% $381394040 $391,394,040 $381,394,040 $0 $0 $1,144,182,120 31-Deo-33-T 1-Jan $389;021,9_21 _ �µµ _ $369,021,921 _ 31-Dea34 l-Jan-35 124% $396,802,359 $396.802,359 $396,802,359 T$396,802,359 $396,902,359 S1,984011796 t 31-Deo-35 1-Jan-36 127�/a _� $404,738,40fi„____..__..$404,738,406 _._ $2,D23,692,032 31-Dee-36 1-Jan-37 [29% $412833174 ,, $412,833,174 $412,833,174 $412,833,174 $412,833,174 $2,064,165,872 ._... ,w •,.,.,,m..�,.,".�.,_..__._M..M..:,�.._.,.....__..:.��:4„_...,...__..._.....-,..,,..�.,..__.�.^•..,_........___.__._..,'..,_..__ 31-Dec-37 an-38. •l32% ,.Nztli__q. $421,D89,838,uT ,p,...... $421;089,838 $421,D89,838 $421,089,838 �� -__y$421',0&9,8- 31-Dec-38 1-Jan-39 135% $429,511,635 $429,511,635 $429,511.635 $429,511,635 _ S429,511,635 „- $2,147,558,174 _ _ $43$101 8b7 ��- �.._._ __--_ $438,1O1;8fi7-- �543$1D1,867� _ _. ..._ _ $438,1O1,867y� e ' _$2,190,509,337 �.�._ ..�t 31-Dea40 1-Jan-41 140% $446,863,905 S446,863.905 S446,863,905 $446,863,905 $446,863,905^ $2,234,319,524 _ - m _ _ -, -----__ _ _ _ M _ $455,801,183 � �$45$,8_01,183,-� _ �$455,801,183 �_-� $2,279,005;414 31 Dec-42 1-Jan-43 I46% $464,917,206 $464,917,206 $464.917,206 $464,917,206 $464,917,206-� $2,324,586,032 31-Dec-43 1-Jan-44 149% f31-Dec-44__, - - -152% - P__,_ _S,47A,215 551,"_,.... _ 5474,215,551, w - � -"� $47q,215 551.,,�,,�,,_•,,. __,_,._, ", _ _ $474,215,SSI . ,. _�$474,215,SS1 rn $2,371,D77r753 y ; 1-Jan-4S $483,699,862 $493,699,862 $483,699.962 $493,699,862 $483,699,862 $2,418,499,308 373-859$443 373 859 4" -$493 373 859 $2'$6Ci 869 294� i 31-Dec-46 1-Jan47 158% $503,241,336 $503,241,336 $503,241,336 Fl S503,241,33_6 - $503,241,336 $2,516,206,680 j_ 31�Deo-47 m1-Jan8 _ 161"/°T�-_._5513,305,163-.__,513 —164% _ 06,163 w 3- __-_�� �S523.572.2R6 $513,366,163 _ ___��._.__ �_ $513,306,1634 _�Y �___ $513,346,163 _ �$2,56b,530,814'" � x- 31-Dec-48 I-Jan49� $523.572.286 P,573 577 716 5573 S77 7R6 P,574 577 5R(�i 0 R17 RAI 41,n� 31-Detr49 1-tan-50 ' 167% $534,043,732 " 5534,043,732 $534,043,732 5534,043,732 ___ $534,043,732 -$544.724,606 S2,670,218,659 - 31-Dec-50 1-Jan-51 171% $544,724,606 $544,724,fi06 $544,724,fi06 S544,724,606 52,723,623,032 { �178% 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 Murucep, Inc tAccording to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January 1 annually. During comtruetion, 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-1,81. 6See Exhibit C-1.9.2. 'See Exhibit C-1.10.2. Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.3.1: Projected Assessed Value - All Land Uses - Develo ment Years 2035-2039 - Sulwna Development 2.0% Total Projected Year Assessed Inflation 2035 Development 2036 Development 2037 Development 2038 Development 2039 Development Assessed Value Fndin,q As Of Factor, Projected Assessed Value' Pro ected Assessed Value° Projected Assessed Value' Projected Assessed Value' Projected Assessed Value' At Buildout 31-Dec-23 1-Ian-24 100% $0 $0 $0 s0 $0 $0 31-Dec-24 I -Jai 5 102% $0 $0 $0 $D $0 SO 31-Der-25 I-Ian-26 104% $0 $0 $0 $0 $0 $0 3I-Dec-26 I-Ian-27 106 ; $0 SO $0 $0 so $0 31-Dec-27 1-Ian-28 108% $0 $0 $0 $0 $0 $0 31-Dee-28 1-Jan-29 110% $0 SD $0 $0 $0 $0 31-Dec-29 I-Tan-30 113% s0 $0 $0 $0 $0 $0 31-Dec-30 I-Jan-31 115% $0 $0 to $0 $0 s0 3I Dec-31 1-Jan-32 IIrl/ $0 s0 $0 $0 $0 $0 31-Dec-32 I-Jan-33 120% $0 $D $0 $0 $0 $0 31-Dec-33 1-Jan-34 122% $0 $0 $0 $0 $0 $0 31-Pcc-34 I-Jan-35 124% $0 so $0 $0 $0 $0 31-Dee-35 I-Je,t-36 127% $511,39,3.642 $0 $0 $0 $0 $5I 1,393,642 3l-Dec-36 I-Jan-37 12WI, $521,521,515 $521,621,515 SO $0 $0 $1,043,243,030 31-Dee,37 Iran-38 13r/ $532,053,945 $532,053945 $532,053,945 $0 $0 $1,596,161,936 31-0ec-38 I-Jan-39 1,15% $542,695,024 $542,695,024 $542,695,024 $542,695,024 $0 $2.170,780,096 3l-Dec-39 I-An-40 137% $553,548,925 $553,548,925 $553,548,925 - $553,548 925 $553,548 925 $2.767,744,623 31-Dec40 1-Jan41 14TI, $564,619,903 $564,619,903 $564,610,403 $564,619,903 $564,619,903 $2,823,099,515 3l-Dec4l 1-Jan42 143% $575,912,301 $575,912,301 $575,912,301 $575,912,301 $575912,301 $2,879,561,506 31-Dec42 1-Jan43 1461% $587,430,547 $5R7,430,547 $587,430,547 $587,430,547 $587,430,547 $2,937,152,736 31-Dec43 1-Jan44 149% $599,179,1S8 $599,179.158 $599,179,158 $599,179,158 $599,179,158 $2,995,995,790 31-Dec44 I-lan45 152% $611,162,741 $611,162,741 $611,162,741 S611,162,741 $611,162,741 $3,055,813,706 31-Dec45 I-Jan46 1551/. $623,585,996 -$623385996 $623,385,996 $623,385,996 $623,185,996 $3,116,929,980 31-Dec-46 I-Jan47 IS $635,953,716 $635,853,716 $635,853,716 $635,953,716 $635,853,716 $3,179,263,590 31-Dec-47 I-Jan-48 161% $648,570,790 $649,570,790 $648,570,796 $648,570,790 .S648,570,190 V,242853,952 31-Dec4R 1-Jan-49 164% $661,542,206 S661,542,206 $661,542,206 $661,542,206 $661,542,206 $3,307,711,031 31-Dec-49 I-Jan-50 167% $674,773,050 $674,773,050 $674,773,050 $674,773,050 $674,773,050 $3,373,865,251 31-Dec-50 I-Jan-51 171% S688,268,511 $689,268,511 $689,269,511 $688,268,511 S688,268,511 $3,441,342,556 3I-OeF51 1-Jan-52 174% $702,033,981 $702,033,881 $702,033,881 $702,033,881 $702,033,8a1 $3,510,169,401 31-Dec-52 I-Jan-57 179% S716,074,559 $716,074,559 $716,074,559 $716,074,559 $716,074,559 $3,580372,746 31-Dec-53 I-Jan-54 181 % $730,396,050 5736,396,050 $130,396,050 $730,3%,050 $730,39%,050 $3,651,990,251 31-Dec-54 I-Jan-55 185% 5745,003,971 $745,003,971 $745,003 971 $745,003 971 $745 003 971 $3,725,e19,857 3I-Dec-55 14an-56 188% $759,904,051 $759,904,051 $759,904,051 $759,904,051 $759,904,051 $3,799,520,254 31-Dec-56 1-Jan-57 192% $775,102,132 $775,102,132 $775,102,132 $775,102,132 $775,102,132 S3,875,510,659 3I=Dec-57 1-Jan-58 l96°!0 $740,604,174 $790,604,174 $790,604,174 $790,604,174 $790,604,174 $3,953,020,872 31-Dcc-58 1-Jan-59 200% $806,416,258 $806,416,258 $806,416,258 $806,416,258 $806,416,258 $4,032,Oal,289 31-Dec-59 I-Jan60 204% 3822,544,593 $822,544,593 $822,544,583 $822.544,593 $822,544,583 $4,112,722,915 31-Dec60 1-Jan61 209% S838,995,475 $838,995,475 $838,995,475 $838,995,475 $838,995,475 $4-194,977.373 31-Dec61 '_Jan-62 212% $855,775,384 S855,775,384 $855,775384 $855,775,384 $855.775.384 $4,278,a76,921 31-Dec62 1-Jan-63 216% S872,890,892 $872,990,992 $872,890,892 $872,990,02 $872,890,892 $4,MA,454,459 31-➢ec-63 I-Jan64 221% $890348,710 $990,349,710 $890,348,710 $890,348,710 $890,348,710 $4,451,743,548 31-Dec64 1-Jan65 225% '$9.0$g; li.4 _;; $90R, 155,684 $908,155,684 $908,155,694 $908,155,684 $4,54C,778,419 31-Dec-65 1-Jan-66 23W $926,318,798 $926,31B,798 $926,318,798 5926,319,798 $926,31 9,798 $3,705,275,190 31-Oec66 1-Jaa1-67 234% $944,845,174 S944,845, 174 $944,845,174 S944,8-1;,174 $944,945,174 $2,834,535,521 31-Dec67 I-JaA-68 239y 5963,742,077 $963,742,077 $963,742,071 $963,742,077 $961,742,077 $1,927,484,154 31-Dec-68 I-Jan69 244% $983,016919 $983,016,919 $993,016.914 5�18>_iri o,.>I" SOS3.0 A,)19 5983,U 16,919 AiCJr, 1 x 'Aar dmg to the Park- Cowry Appraisal n Idd and T,rtent Appraisal Do= property is assessed as or Jennary 1 ann 11, nurzng crnulrvclinn, the --I rrt. the po m nr the building —pled as of Ja ., I. Asni w aas d veleedying mnsnuclion. 'Ass --annual iodlauuti factor or2.W '� 5ahibit C-i.I I 1 '.See EJrihit C-L 12. 1. 'See EJnbit C-l_13_t_ °See Exhibit C-1. 14.1_ 'S. Exhibit C-1. 15_I. Refnvesiment Zone Number Sixteen Fort Worth, Texas (M?afe Ranch) Exhibit C-2.3.2: Proiceted Assessed Value - All Land Uses - Development Years 2035-2039 - Tarrant Coun Development 2,0% Year Assessed Inflation Ending As Of Factor, 2035 Development 2036 Development jetted Assessed Va1ue3 Projected Assessed Val Total Projected 2037 Development 2038 Development 2039 Development Assessed Value iected Assessed Values Projected Assessed Valueb Projected Assessed Value? At Buildout 1....71-llCC-L3 _ .1-Jan-14 .........._IUD% _..,...._.........__°.. $� ._..-.-r _Y_....._.,._.e........ �$0 $0 ..,..,..-..._.....� _.$0 ' .,...._-.....� -... $0 .,..m...- " _ __�._,_ $0 _..._ 31-Dec-24 1-Jan-25T 1-02% $0 $0 _ w _. $0 $p ��_ 31-Dec-25,_...__.y1�Jan-26m.:��%A--.�:.,�_.,.,._T�O.. _ ~. . _... __...._._.so.$0 . _ _ ._..... 31-Dec-26 1-Ian-27 106%~ $0'^_._$0 $O.so so 31-Dec-28^ I-Jan-29 110%° $0 $0._$0 $D ---•__._. __ _ ..._ _ _ $0 $0 _.-.._.._,.._.. _, ....,, so _._._._ 31-Dec-30 1-Jan-31 115% $0 $0 $0 $0 $0 $0 Dco- 1 ]=Tan-32 117°/a $4 $0 $0 - - $0 _ -_ �� _ 31-Dec-32 1-Jan-33 120% $0 _ -__•„ - - .. _ _ .._ _.-..- _... _ .__.?�..-__ __: ?0 $' $0 _ 31-Dec-34 1-Jan-35 124% $0 $0 ...D _. $0 $0 . __.,.. _. ., - $0 $0 i. _31-Dec-3S _ w129%T _ - - �D�.......:$1) 31-Dec-36- Wan-37 $412833174 $412,933,174 0,_.--___—_______r,._- $0 __„__ __. _.,.__,_ $925,666,349 �wJWan-39 _ ��$421,D89,83$--- W _v_ 542i,089,838Y",$1,2G3,269,514. w y~$429,511,635 _ ry �w- -. -�� _3l-Dec-38 135% $429,511,635 $429,511,635 $429,511,635 $0 $1,718,046,539µ j'i-Jan 4_0 _ 13V a - w' $438;101;8_67 _ $438 101,867 ' $438 101"867 _ a~$438`101 90 -�-' ' - '� $43$ 161 8b7. '$2' 190 509 337 ` 3l-Dec-0O I-Jan-01 . 4 140% w _ v _-.._..-. S446.963.905 �..__ y8446 R63.905 pM -T. v � T Q446 961 9n5 _.__. w _ _ud6R6'1 Qns ..-_ 44e RAI one, r � 6>IA�I spa _31-De6-41 1 Jan42 i 143 31-Dec-42 - 1-Jan-43 146% $464,917,206 _$464,917,206 $464,917,206 ~$464,917,206 $464,917,206 $2,324,586,032 v$474;215,55i'. - - l .. 4215'S w• ? - " " $4 4,215,551 $474 215,551 $2,371077,753 ... � ,..-...! ___ . t....,.w.............,.:..'....:.a..,.,_.-..,.. _r-_.J_.... ,�.r.a.rLe .. :. n.,.,+,-.., a. ._-.- . _. �,...<.:.'..,..-.._...__._—___.R..._. .. _-. ....., ..�.nin,3..'., .. -....,I ...a 31-Dec-4 1-Jan-05 152% $483,699,862 $483,699,862 $483,699,862 $483.699.862 $483.699.862 $2.418.499.309 _ 31-Dec-0S T l-Jan_-0_6 155/o' m _ °_ T- $49_3,373;8_59 �$503,241,336 -_-w. 0$493,373,859 _ -5 _ M w$493,373,859 ______��....._...__§4_9__ 73,8.. Y r� $493,373,859^_- �$503,241,336 _ $493,373,859 , ` M$2,4Gb 869,244-� 31-Dec-06 1-Jan-07-HTM158% _ $503,241,336 $503,241,336 $503,241,336 $2,516,206,680 lDec._ 7,.,-_ ,Ml JartJ18,_„ w,rw 161°% $513,306,163, .w ... ,...._._ ..._-___q _..-,...._-��_ $SI3,306,1b3 _-, $S13,306;1b3 : _. .. $513,30fi,163,_ m,,, _ ..__..,-�._._. _ °s� ,_ $513,306,163- - .o• .w,,,,,.. $2,565,530,814 31-Dec-08 1-Jan-49 164/° $523,,,5n7__2,2_9.,„6_ $_523 $_5_23572,286_ 0 3]Dec49 _Jan-50 I67%__ ryµ 5534,043,732 3,7 34,03,72 ,,572,,286 -�- 4032 534.043732 -_ 18 93 "T$$22,,,677178D6_9S1,44459tl 31-Dec50 1-Jan-51 171%__$544.24,606 $544,724,606 $4,724,606 $544724,606 $544724,606 $2,723,623,032 _ �. z-_$523_,,572286 955619.099 5556,099 __._._,... _.".x.$52_.3.,572286 $555,619,099 _566,73,40 $555619 $5556199 -m� _ ._ry' 1-Jan-53 178/ $Sb6,731,48031-Deo-52 $566,731,480 $566,731,480 $2,833,657,402 MuniCap, MC. tAccording to the Parker County Appraisal District and Tamsnt 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 construction =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 Fort Worth, TexaY (Veole Runch) Exlubit C-2_4.1: PrOjccled Assessed Value - All Land Llses - Devclopownt Ycars 2040-2044 - Sununary Developmenl 2.0e/ Total Projected Year Assessed tnflatwn 2040 Development 2041 Development 2042 Development 2043 Development 2044 Development Assessed Vaim Ending As Of Factor' Rojecled Assessed Value' Protected Assessed Value' Projected Assessed Value` Projected A—ed Value" Projected Assessed Vaive' AIRuildout M-D=e 23 I-Jan-24 100% $0 •. • ••$9•• .• .• ...._...• ... •.•._.• ...._._•...Eti_.___.. s so $D $o 31-Dec-24 I-Tan-25 102% SO $0 $0 $0 $0 $0 3t-Dec-25 1-Jan-26 104% So SD SO $0 $0 SO 31-Dec-26 I-Jan-27 106% $0 $0 SO SO SO SO 31-Dec-27 1-3am28 108% So $0 $0 $0 $0 $0 31-Dx-28 1-3an-20 110% $0 $0 SO $O $0 $0 31-Dso-29 1-Jan-30 113% $0 $0 $0 SO $0 so 31-Dec-30 I-Jan-31 115 % $0 SO $0 SO $0 $0 31-De 31 I-Jan-32 1171A SO $0 $0 $0 $0 $0 31-Dec-32 I-Jan-33 120% $0 $0 $0 SO SO $O 31-➢ec-33 l4w-34 122% S0 $0 $0 SO SO s0 31-De -34 I-Jan-35 124% Sit SO $0 So SO SD 31-Dee-35 143,1-36 127% So $0 SO So So So 31-Dec-36 I-Jan-37 MPI. SO SO SO SD SO So 31-Dee-37 Wan-36 132% $o $0 SO $o $o So 31-Dac-38 1-Jan-39 135% $0 $0 $0 $D $o SO 31-Dec-39 1-Jan40 137% s0 SO $0 $0 $0 SO 3l-Dec-40 I-Jan-41 140", SS34,882,995 Sig SO $0 $0 $534,992,995 3IdDec-41 1Jan-42 143% $545,580,655 $544,849.393 SO $O $o S1090,430,047 31-Dec42 I-Jan-43 146% $556.492,263 $555,746,391 $311,941,227 $0 $0 $1,424079,875 31-Dec-43 1-J=-" 1491/6 S567,622, 1I3 $566,861,30R $3€9,078,051 $318,079,051 $0 $1,770,639,524 31-Dec-44 1-Jm-45 152% $578,974,556 $578,199.534 $324439,611 S324,439,612 S268.566.OSS $2,074618,403 31-DwAS 1-]are-46 155% $590,554,047 $599,762,505 S330,928,405 $330,929.405 $273,937,410 $2,116,110,771 3I-Dec-46 I-Jan-47 159% S602,365.128 $601,557.755 S337,546,973 $337,546,973 S279,416,158 $2.158.432,996 31-DwA7 1-Jan-48 161% $614,412,430 $613,588,9I0 S344,297,912 $344,297,9I2 $285,004,491 S2,201,601,046 31-Dec-48 I-Jett-49 164% $626,700.679 S625,860,688 S351.183,870 S351.193.870 S290,7D4,571 S2,245.633,679 31-Deo49 141 50 167% $639,234,692 $639,377,902 $35&207548 $358207,548 $296,518,662 $2,290.546,353 31-Dec-50 I-Jan-51 171% %12.019.396 $651,145,460 $365 371,699 S365371.699 $302,449,036 52,336,357,280 31-Dee-51 l4an-52 174% S665,D59,774 $664,168,369 $372.679,133 $372,679.133 $309.499,016 S2,383,084,425 31-Dec-52 1lan-53 1781/6 $678,36D,969 1677,451,737 $390,132,715 $380132,715 $114 667.977 $2,430,746,114 31-Dec-53 1-Jan-54 ISI% $691928,189 $6910D0,772 S387.735,370 $387.735,370 $34,961336 $2,479,361,036 31-De -54 1-1an-55 195% $705,766,752 $704 R20,787 S39S,490,077 $395490,077 $327.180.563 $2.529948,257 31-1) o-55 WOFI-56 186% $719,992,099 $719,917,203 $403,399.879 $403,399,879 $333,929,174 $2.579,527222 31-Dec-56 1-San-57 1921/1 1734,279,729 $733,295,547 S411,467,876 $411.467.876 $340.606,738 $2,631.117,766 31-➢ec-57 1-Jan-58 196% S748,965,324 $747,961,458 3419,697.234 S419,697,234 S347,418,873 $2.683.740,122 31-Der-58 Wan.59 200% $763.944,630 $762,920.687 5428,D91,178 S428,041,178 $354,367,250 S2,737.414,924 31-Dec-59 I-Jan-60 204% $779,223,523 $778,179,101 5436,653.002 S436.653.W2 5361.454,595 $2.792.163,223 31-Dec-6O 1-Jan-61 209% S794,807,993 S793,742,683 S445,386,062 S445,386,062 $169,693,687 S2,846.006,487 31-Dem61 IJan-62 212% SSIO,704,t53 $809,617,536 $454,293,783 S454,293,783 S376,057,361. $2.904,966,617 31-Dec-62 I-lan-63 216% $826.918 236 S825,809,887 $463,379,659 $463,379,659 $383.578.508 S2,963,065,949 31-Dec-63 1-Jw-64 221% $943.456,601 $942.326.095 $472.647,252 $472.647.252 $391.250,078 $3,022.327,268 31-Dec-64 1-Jan-65 225% $860,325,733 $859,172.606 $482, IDO. 197 S482.100,197 5399075,080 $3092.773.813 31-Dec-65 I-Jan-66 230% $977.532,248 $976.356.059 $491.742,201 S491742,201 $407.056,581 S3,144,429,290 31-Dec-66 I-Jan-67 234°/a $895,082.893 $993.883.180 $501.577,045 $501.577,045 5411. 197,713 $3,207.317,875 31-Dec-67 1-Jan-68 230% $912.994,551 $911.760,943 $511,608,586 SSt1,608,586 $423.501,667 $3,271.464,233 31-Dee-68 I-Jan-69 244% $931,244,242 %929,996,060 $521,840,758 S521,840,758 S431.971.700 $3,336.893,518 31-Dec-69 I-Jan-70 249% 1R6 -- -, S94&595,981 $532,277.573 S532.277.573 $440.611,134 $3.403.631.3S8 31-Dec-70 I-Jan-71 254% 5468,866,509,aa. ?.?' S542,923,124 S542,923J]1 S449,423,357 $2.502.837,507 31-Deo-71 1-]an-72 2391A $998,243,839 S986,9t9,259 $553,781,SR7 S458,411,824 SI,565,974,998 31-Dec-72 1-Jan-73 264% S1,009,009.716 Si,006,657,644 5.164.857.219 - _, j7,219 --- -" $467,5s0,D61 S1.032.437,271) 31-De 73 I-Jan-74 269% S1,028,168,890 S1,026,790,797 S576,154,363 S576,154,3c:_ 5476,931,662 Jfr+n�ap, las, 'hecord„sg to the Perkee Camry Appn�t Drwnci enJ Tarrasu C,wnry nplxaisal Owsu:t Ixt'l�t!' is naaeil as r�fJanuan 1 armua0y Owing oonauvnun, the asr.�l.alm rep�rnn the pn,rn ufthe huiLling mmylela4 oe,d JnnwnI. A.wn,e. no as�l slue zhau,g uw.tnctx,w. �A:amxe m annml snFlauwx fact« d 2.095, 'See Exhllxl C-1 16 t. '&o Exhibit C-1 17 i 'Sa 6xhht C-I is I `tee l;dtibil GI 19 1 A. Exhibit C-1.20.1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Rarrch) Exhibit_C-2.4.2: Proiected Assessed Value - All Land Uses - Development Years 2040-2044 - Tarrant County 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 Projected Assessed Values Projected Assessed Value At Buildout Y_ S00 31-Dec-24 1-Jan-25 102% $0_ $D $0 $0 $0 $0 f 31 _ _ _ _ _ _ �$0- _ _ _ �$0 _ _ _ - _ _ 31-Dec-26 1-Jan-27 1060/. $0 $0 $0 $0 ^Dec-27 I-Jan-28 108/° 31-Dec-28 I-Jan•29 110% $0 $o $0 $0 $0`$0- 31-Dec-29 1-Jan-30 113 $0 $0 $0 v _•• �.$p~- -- .._ $q__ . _ , ' $� 31-Dce-30 1-Jan•31 115/0 $0 $0 $0 $0 $0 $0 - -, 1_.. 3lrDec-31 1-Jan-32 --117-- °/n- w . . .._ . 31-Dec-32 1-Jan-33 120% $0 $0 $0 $0 $0 $0 _ ._..,.p 31-Dce-34 1-Jan-35 124% $0 $0 $0 $D $0 i _ 31-Dec-35- ]-Jan-36� 127%_ _ _ _ Y _ _$0 -$0 31-Dec-36� 1-Jan-37 129% $0-_ $D $0_-_ SD_ $0 MI-Jan-39 _ _ _ _ _ _ _ _ _ _ $0___- 31-➢eo-38 135%- $0 $0� So $0 $0 $o 31-Dec-39 _ »31-Dec-40 1-Jan-40 137% _ _ »140% _ µ r, - - �$417,126,997 - $417,126,997 $0� $0 $0 _Y1-Jan-41 _ 31 Decal 1-Ja_n 42 S92_5,46_4;5_37 W" _ s $425,469 537 _$o $0' _ $Ow 'Y $0939,073 1 31-Dec-42 1-Jan-43 __143%> 146% $433,978,927- $433,978,927 $237.064,675_.M $o $0 $1,105,022,529 t- 31_Dec-43,,,, ._ $442,658,506 r a$231,8D5,968 _$24I 805,968 _ _$_0 $136$,929948 l -$196,768,561 � 31-Dec-44 IJan-45 152% $451,511,676 $4551,511.676 $246,642,688 $246,642,088 $1,587,D76,090 31-Derr15 _!-late-46 155_% �_ < $460 541,909 F $46_0 541 909 $251,574,929 _ $251,574,9_29 w$i94,583,935 31-Dec 4b� 1-Jan-47 158%T_ $469,752,749 $469,752_,749 $256,606,428- $256,606,428- $198,475,613 $1,651,193,964 _ 31Aec-Dec - 1-Jan _ _ 161% T164% _ _ w $479,147,803 »� _ $479,147,80_3- $251,738,156f �261,738;SSb»�^-»_�_-5222,445,126 - -��w"-$i,684,21'7,$44 - 31 Dec-48 I-Jan49 $488,730,759- $488,730,759 $266,973.328 $266,973,328 $206,494,028 $1,717,902,200 1 _31-Dec 49 _ =Tian=50 167'Jo ,- q -171% _ _ $498.505,374 �'_x S498,505,374 �$508,475,4-881 $272,312,794 , M_ _272,312,7_94 -„ _ A' �$277,759,050 S_21_0,523,909 -~-�-$1,752,2_6U244_-, t 31-Dec-50 !-Jan-51 $508,475,481 $277,759,050 $1,787,305,449 31-Deo-51 . 644,991 $283,314,231 _ $283 319 231 _$214,936,387 $219,133,115 �$1;823,05l,558 ~31-Dec-52 1-Jan-53 178% $529,017,891 $529,017,891 $288,980,516 $288,980,516 $223,515,777 �$1,959,512,589 Mumcap, Inc. tAcrerding to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of 7anuary 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. ny�nxrymyyi+n"arr�l�ga��a�i�.�'.�=�r°�>wrn-o� CGGG ^ R v N�pn � a �� y�, r�-,w � o�a"��p, ."-, � �'�"wn 0. � �'v�,w.=.rAAvi«A%€A � � 6 N xan AM✓�+NA ada . ai aG., a. �o -°a^ e r_ M1 Qn� yin c�1 �'v'OihSrl. m, �'l. rkv �!✓ �v`"iSi0 �0�1=��n,K mw �_c.iPO��.w—��M C; 3 k ESNGiv$A'.gx.g$`iw.%»9a$w«.�$.%y«h.�nw:e8� �� mgcv,^annnm� � M H�HN HVf W ail wNAN w Ri N N H Hil NH A�i Mi%. Yf jt g e a c§ _ e 3 2 eS'^mb y�-uip= M9n 22p n Yin OO OO EJ OO OO OO O OO p F` x O n n rV�y M=T�1 K« M L\ w w H M A A q H U l AR HA:%A w.i S, i. A w P a as 9 c rNeit m o P LC s N b H o m Fs n Y v�..[-I' Y�Y GGQ� h -r C T C O g: N etH+n� y ry w rf s _3 «N «««««MN rAHN a9NM» NY h A A x N Naa1 A2As Q a ogd�S!G p G G C G O C O G G G CG G O G M H H H A H H W N W N H a R A N A N V f H Y l N H N- _�ban�allo"+.�_ .. wv u $i«RA£daR«��«AR BAR �.a »Z;aa1% a Q K 7 ' a4,AaqiA$NanAAA$N$.AciA�v't$A$A''v.'S,3_m vv5u_�,�a�vna�o �,ryca=te a. =� � aha '°.�o�o��-;�q�r_1�e�rvMrv11MM��..44;� ss{{�TT°TT°aTT`,by. y�a�.weS.e 8 C N e g u a� �.s x _ a�ae r' � .tee Xe ohm `��a.• e;e; aa°mo T .'. �m�ya' e a e �Y .�°r ... - .-..-. - .. .-. - - - .-. .. .. « N n n r. ry n � ry n ry ti N N N H n ry H N 2 X A 5 _ ,f rE 8t?r?el i�c AMA Reinvestment Zone Number Sixteen Forl 1f'nrth, Texas (Velue Ranch) Exhibit C-2.5Z Projected Assessed Value - All Land Uses - Development Years 2045-2049 - Tarrant County Development 2.0% Total Projected Year Assessed Inflation 2045 Development 2046 Development 2047 Development 2048 Development 2049 Development Assessed Value Ending As 01' Factor Prated Asses__sed Value' Projected Assessed Value' Projected Assessed Value' Projected Assessed Valuer Projected Assessed Value' At Buildout 31-Dec-23 I-Jan-24 100% s0 $0 $0 $0 $0 $0 31-Dec-24 I-Jan-25 102% $0 $0 SO s0 $0 $0 31-Dec-25 I-Jan-26 104% s0 s0 $0 $0 $0 $0 31-Dec 26 I-Jan-27 106% So $0 So $0 $o SO 31-Dec-27 i-Jan-28 108% $0 SD s0 $o s0 $o 31-Dec-28 1-Ian-29 110% SO $0 $O s0 $0 $0 31-Dw-29 1-Jan-30 113% s0 so $0 so so $0 31-Dec-30 I-Jan-31 115% SO $0 SO $0 so so 31-Dec-31 1-Jan-32 1170/0 s0 so $0 $0 $0 s0 31-Dec-32 I-Jan-33 120% $0 $0 $o so $0 $0 31-Dec-33 1-Jan-34 122% $0 s0 $o $0 so $o 31-Dec-34 1-Jan-35 124% SO s0 $0 s0 $0 $0 31-Dec-35 1-Jan-36 127% $0 s0 $0 $o s0 So 31-Dec-36 I-Jan-37 129% $0 $0 $0 s0 $0 $0 31-Dec-37 1-San-38 132% s0 s0 $0 so $0 so 31-Dec-38 1-Jan-39 135% SO $0 $0 $0 $0 $O 31-Dec-39 1-Jan4O 1370/6 SD s0 s0 SO $0 SO 31-Dec-40 I-Jan41 140% $0 $0 $o $0 $0 $0 31-Dec-41 1-Jao-42 143% $0 s0 $0 $0 $0 $o 31-Dec-42 1-Jan-43 146% $o $0 SO $o $0 $0 31-Dee-43 I-Jan-44 149% $0 so $0 $0 $0 $0 3l-Dec-44 1-Jan-45 152% so $0 $0 $0 $0 so 31-Dec45 1-Jan46 155% $194,583 935 s0 $0 s0 s0 $194,583,935 3l-Dec-46 I-Jan-47 158% $198,475,613 S198,475,613 so $o $0 S396,951,227 31-Dec-47 1-Jan-48 161% $202,445,126 $202,445,126 S171,617,174 SO SO $576,507,425 31-Dec-48 I-Jan-49 164% $206,494,028 $206,494,028 $175,049,517 S169,107,163 $0 $757,144,736 31-Dec-49 I-Jan-50 167% $210,623,909 $210,623,909 $178,550,508 $172,489,306 $157.151,839 $929,439,470 11-Dec-50 1-.tan-51 171% $214,836,387 $214,836,387 $182,121,519 $175,939,092 $160,294,876 S948,028,260 31-Dec-51 1-Jan-52 174% $219,133,115 s219,i33,115 $185,763,948 $179,457,874 $163,500,773 $966,988,825 31-Dec-52 I-Jan-53 178% $223,515,777 S223,515,77- $189,479,227 S193,047 031 S166,770,789 $986,328,601 Mhni(.'pp, 1W [According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as af3anuary I annually, Dunng construction, the assessed value represents the portion orthe building completed as of January I. Assumes no assessed value during constructions 2Asuumes an annual inflation factor of 2.0%. 3See Exhibit C-121 2. 'See Exhibit C-1.22.2. 'See Exhibit C-1, 232. 6See Exhibit C-1.24.2. 7See Exhibit C-1 25.1 Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-2.6.1: PromectedAssessed 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' Projected Assessed 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-Dec-26 I-Jan-27 106% $0 s0 $0 31-Dec-27 I-Jack-28 1080/0 $0 $0 $0 31-Dec-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 $0 31-Dec-32 1-Jan-33 120% 50 SO $Q 31-Dec-33 1-Jan•34 122% $0 $0 $0 31-Dec-34 1-Jan-35 124% $0 SO $0 31-Dec-35 1-Jan-36 127% $0 $0 $0 31-Dec-36 1-Jan-37 129% $0 $0 $0 31-13eo-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-Dea4I 1-Jan-42 143% $0 $0 $0 31-Dec-42 1-Jan-43 146% $0 $0 $0 31-Dec43 I-Jan-44 1490/6 $0 $0 $0 31-Dec44 1-Jan45 152% $0 $0 S0 31-Dec-45 1-Jan-46 155°% $0 $0 $0 31-Dec46 1-Jan47 158% s0 s0 SO 31-Dec47 l-Jan-48 161% $0 $0 $0 31-Dec48 1-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-Dec-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-Deo-57 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 S210,831,405 $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 $223.735,974 $480,950,534 31-Dec-64 1-Jan-65 225% $262,359,852 $228,210,693 $490,569,545 31-Dec-65 1-Jan-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 $247,022,593 $531,008.252 31-Dec-69 I-Jan-70 249% S289,665,372 $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 1-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% $332,734,46t $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 $301,119,163 S647,296,096 31-Dee-79 1-Jan»80 303% ' 1 ::. u, $307,141,546 $660,242,018 31-Dec-a0 I-Jan-81 309% $360,722,412 { �'? 5313,284,377 MurnCap, Inc. According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of)anuary I annually During construction, the assessed valuc represents the portion of the building completed as of )muary I Assumes no assessed value during construction 2Assumes an annual inflation factor of 2.0% ;See Exhibit C-1.26.1. 'See Fxhihit C-1.27. 1. Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) All Land Uses - Develo meat Years 2050-2051 - Tarrant COIM IY- Exhibit C-2.6.2: Projected Assessed Value - Total Projected Development 2.0% inflation 2050 Development 2051 Development Assessed Value Year Assessed As Of Factor2 Projected Assessed Value3 Projected Assessed Valuea At B$u0'ildout Ending $0 3 i -Dec-23 1-Jan-24 100% $0 $0 31-Dec-24 1-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-Dec-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 1- Jan-38 132% $0 $0 $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-Dec-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 1-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. t c a S.oE $aeon^o8°.�a.,$�'y:M�-{{�^-.w.�-c^•ya 8«7i w� '4�: z a K www»»«si P a o w9 az 229 aaK�3"' w N g 3 c wN�w N wNMMw NNNwNwwHiewwwNwwix w '-. 5 S canNe,='.,l'_..�'.'iaaX:q�'^,5�.%.,aN� gg � a � d "'www as �n ciwwwirn� �n vw w.n `c1' �`�w�..'w Li"L', F.'w1^ w w w� � � 5 oo� Nrn ,q,� 9 Mc' - - ova . ri� ? r'w$w$vIK.nHw3wae,X���,-,°•~°r,:�n&',N,'aSAo�c�.q.„$,F-"7 � H �,»�oo�rywrya»',a.'m=M�MSMM-°,.`.,�C� �raom^.T! rr�F rRma Q Q wNM� ww N MN ii �wa�_N S!i M N�iwNHw M rn [aSM�M N �i N N �' � n a a wriw »w� riaa�ri �aL;lV ws »w i P NNwcfMwwwww w<.SwwNw�t�w rVw �NNN�NH H-�NHtAaHw "tr a'aRa g4r4g<t� 4 e r g r 4ia4aer'g ;� e <'Xa ore a'aaa=£err or ": a ' ygyg..x�xy 3 ..- -mi ma�gH--,^j .`j e^v�r'fn 'n nnn.".ennrvnr=in as 5i A - - - - - - ^ - - - - ^ - ^ - ^ _ - - .. - - _ - ..- - - ^ - - | � ! � �( � � | � § { | I ! !E EXHIBIT D-1.1 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - CITY OF FORT WORTH F 6 �e g g x �e �r g xg gg g x x x ggg y�Rt xg xx XX x�x ��tt g g! yt g g ye y� a c" ,.wY=ne.�n�<�$A$.�$$&.Sc$$Rx$S&$50$$.9�^�.^�$$$ F w:da�w �,»,`n'w .nww�saiwwS��in a�i::.iuc�«:i'.48i�: c�3 ���•o��ma�u"omo w n�6 w a� a �n e o �c .o�o c c .� o ,a n�»ad, .e �.c6dee6:�.a m >$"mA'.r4'.a�d.ago'o5:^_a''+nSc.-�9�,aC$R�^. 'aaw?�'�8�y��`—°erg .^., N"�.$^c�,• ill,='&��C�^-.c'°�'aN.mg."�dn-�'��^.�.�-�'94"""�.����maBiaM��rv$3��$SiS Pam.1— w .°iF.H Ems .... MUG Ru ''_'_s��.,ao,Ng.�tN$so:$sa�s:Aaa�saaasas$ss�sas$s$ $ate ¢ems »� Rom: aZ7�oaaa '1 � ,v H � N � � %; ^ :. M M ^�, l-° n K � a M T � .- : a• 9� � � � � � � a- : M Y — � .� � — �.� a .- � a � .. K m �' °a8 � Lc a "a' a 'a a k `P � � y a =i 4 � y AMR �mM�wmw�-5MTMpop soTH!T,,.,M r.�,MwMH, wl0014M!wMMwMwM.«,MwwHIMwwwMMHi wwwMwMM EXHIBIT D-1.2 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY Reinvestment Zone Number Sixteen Foil Worth, Texas (Vaale Ranch) Exhibit D-1.2: Projected Incremental Assessed Value & Incremental Real Property Taxes Available for the 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% $Q (S5,256,331) $0 $0.672500 $Q 35.00% $0 .I-Dec-24 I-Jan-25 102% SO {55,'_56.331) $0 $0.672500 SO 35.00% $0 31-Deo-25 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.256.331) S368,831,650 $0.672500 S2,480,393 35.00% $868,t37 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-lec-29 1-Jan-30 113% $1628.303,260 ($5,256,331) $1,623,046,929 S0.672500 $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[ S0672500 $14,249,916 35.00% $4,987,121 31-Dec-31 I-Jan-32 117% $2,638,984,065 (55,256,331) $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 $0.672500 $21,307,524 35.00% S7,457,633 31-Dec-33 1-Jan-34 1225E $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 I-Jan-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,[04 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 3l-Dec-48 I-Jan49 164% S[2,327,173,029 ($5,256.3311 S12,321,916,698 $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-Ja0-54 181% $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) $14403,285,586 $0.672500 $96,862,096 35.00% $33,901,733 31-Deo57 1-Ja171-58 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-Deo59 1-JUI-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-61 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 1-Jan-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 W672500 $61,513,772 35.00% 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 I -Jan-" 239% $7,591,694,375 (S1,957,113) S7,589,737,262 SiDkM00 $51,040,983 35.00% S17,864,344 31-Dec-68 I-Janl9 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% $13,867,443 31-Dec-70 I-Jan-71 254% $5,042,038,691 ($1.169,703) $5,04E 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 I-Jan-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 1-Jan-74 269% S3,171,552,273 ($679,923) $3,170,872,349 $0.672500 $21,324,117 35.00% $7,46.3,441 31-1ec-74 1-3an-75 275% S2,748,513.023 (S578,408) S2,747,934,615 W672500 S18,479.860 35.00% S6,467,951 31-Dec-75 [-Jan-76 2M 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) St,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 I-Jan-80 303% $660,242,019 (S123,847) $660,119,172 S0.672500 $4,439,293 35.000/a $1,553.753 3t-Dec-80 I-Jan-81 309nA S313,284,377 (S45,224) $313,239,153 $0.672500 $2,106,533 35.009E $737,287 Total $2,797,932,642 S97%276,425 M.MC.lr,lnc. munimp.rhurepokelcom rife+Al157AhA-TFXA.ti7exnsli++xK'unh t'eofe lhrnch77kZ 7•irsrAmenrimenf/ProJecrlons/(�aale Ranch TlRZ FlrrrAMendmrnr Projection No. S, a.rfssJtiXlIIBIT!)-1.7.A 13✓mr14 'Assumes an annual inflation factor or 2,0%. 'See Exhibit C-2 7 1 'See Exhibil H, The TIM property in the M of dm City, if an), wilt not generate cit) cv es until amx:xcd into the City. 4Rcprascnts the City, of Fort Worth real propcm tar raG. for tax year 2023. Source. Tarrant Counry Ta< Asxssor-Collector. 'Assumes 35%the irwrcrnrnwl tax mvcnues arc available For return tothe Ctr% 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 (Veaee Ranch) Exhibit D-13: Projected Incremental Real Prooer(y Taxes Available for the City after Release from the TIRZ City of Development Fort Worth Real Total Percent Total Available Year Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental As of Factor' Assessed Value Base Value' Incremental Value (Per $l00 A V.)' Tax Revenues City5 _Tax Revenues`' _Ending 31-Dec,23 1-Jan-24 100% SO ($5,256,331) $0 S0.672500 $(i 1D0.001/6 S0 31-Dec-24 I-Jan-25 102% $0 ($5,256,331) $0 $0.672500 $o 100.001/6 $0 31-Dec-25 I-Ian-26 104% $0 ($5,256,331) $0 $0.672500 So 100.000/a $0 31-Dec-26 I-Jan-27 106% $0 (S5.256,331) $0 $0,672500 SO 100.001/ $0 3I,Dec-27 I-Jan•28 108% SO (S5,256,331) $0 S0.672500 $0 100.000% So 31-Dec-28 I-Jan-29 110% $0 (S5.256.331) so $0.672500 $0 IOO.DD% $0 31-Dec-29 I-Jan-30 113% $0 ($5,256,331) SO S0.672500 $0 100.00% So 31-Dec-30 l-Jan-31 115% $0 ($5.256.331) SO $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) SO S0.672500 $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% $0 (S5,256331) $0 S0.672500 $0 100,001/6 $0 31-Dec-36 I-Jan-37 1290% SO ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-37 I-Jan-38 132% SO ($5,256,331) SO S0.672500 So 100.000% SO 31-Dec-38 1-Jan-39 135% $0 (S5,256,331) $0 $0.672500 SO 100.000% $0 31-Dec-39 I-Jan-40 137% $0 ($5,256,331) $0 S0.672500 $0 100.001/e $o 31-Dec40 l-Jan-41 140% $o ($5,256,331) SO $0.672500 SO 100.00°% $0 31-Dec-4I t-Jan-42 143% $0 ($5,256,331) $0 $0.672500 $0 MOM% $0 31-Dec42 I-Jan-43 146% $0 1S5,256,331) $0 $0.672500 $D IM.00% $0 31-Dec:43 I-Jan-44 149% SO ($5,256,331) $0 $0,672500 $0 ID0.000% 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% so ($5,256,331) SO S0:672500 SO 100.001/6 $o 31-Dec-46 I-Jan-47 158% $0 ($5.256.331) $D $0,672500 so 10( 00% SO 31-Dcc-47 1-Jan-48 161% $0 (S5,256,331) $0 $0.672500 So 100,0V/o $0 31-Dec-48 I-Jan-49 164 % $0 ($5 256,331) SO $0.672500 $0 100MI/. $0 31-Dec-49 l-Jan-50 167% $0 ($5,256,331) $0 $0,672500 So 100MI/ 50 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) Sfl S0.672500 $0 100.00%, $0 31-Dec-52 I-Jan-53 178% SO (S5,256,331) SO S0,672500 So 100,1)(M SO 31-Dec-53 I-Jan-54 191%, $o ($5,256,331) So $0,6725(30 So 100.00% $0 31-13ee-54 I-Jan-55 185% $0 (S5,256,331) $0 $0,672500 So 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 S0.672500 S8,899,459 100.00°% $8,899,459 31-Dec-58 1-Jan-59 200% $2,085,197,440 ($4.435,733) $2,080,761,706 SO.672500 $13,993,122 100.00% S13,993,122 31-Dea59 1-Jan-60 204% S2,949,445,972 (S4,160,331) 52,945,285,64E 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% S45,399,878 31-Dec-64 1-Jan-65 225% S7,797,205,097 ($2,783.320) $7,794.421,777 S0.672500 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 I-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 S0.672500 $75,076,054 100.000% S75,076,054 31-Dec-68 I-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 3I-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 S0.672500 $150,160,946 100.00°% $150,160,946 31-Dec-79 t-Jan-80 303% $23,128,647,491 ($123,847) S23,128,523,644 SQ.672500 S155,539,322 100.0(r/ $155,539,322 31-Dec-80 l-Jan-81 309% $23951,382,922 (S45,224) $23,951,337,698 S0.672500 $161,072,746 100.00°% $161,072,746 -i of al _ $7,397,274,372 _ S7,397,274, , 7? _ MunlC'up. In, hrrpf_<-municnpshnrelx+ln[.com:sires-A11.S'7A11,-IFXAS'lemsForr Worrh-Yeale Ram&TIRZFirsl RmendmenGYrnjecrions//Va�rle Ranch TIRZ FirviAmend-Ai A-ofeen-No 5Oxlsx]E3h,ba D-I-2R 23Jm-24 'Assumes an annual inflation factor of 2.0% 'See Exhibit C-2.7.1. 'See Exhibit K The TIRZ properr in the ET) of the On,, if mry, wil I not generate city tares until annexed into the City_ Represents the City of Fan Worth real prop" tax ralo for tax'year 2023, Source. Tarrant County Tax Assrssor-Collector 'Assumes W/ the incmirenlat tax revenues ate a•ailable for return to the City after released from TIRZ. obli8alions- EXHIBIT D-1.4 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE CITY - SUMMARY *'-'tat'id^..°^..qi.�.�to-M1>.=�mr n �=n rxN� 7 v n vim n n �, �' E � y H H N H N N w N� H M H N N w N N N N w N N H N w N H N H w H W N w N N 4i5 N N N N ✓N ✓N w V! w w M� w H H h w w�� M N w p M K Y i E +3�9902 >�M:2A 4 ig� o.44g F p � H W NNNNHNNNNb9wNwNW wNNwwww✓M N N H N f/w NB',MMMM M F � F NNNN Vf M tMNHNNM H N6�5HNN Mw� H+nHNM,Y�I 1I� NHN n NN V}N N � LL Q �f -k----- ^--------- - ----_------^-----rn w ... -_ - � o�^'�N°`�a—."'M,�n ,-q'f44�YT'YY� •; •-. � 7r�� ���vv�w w� '�;°`�$—QM �,�� Y 4 € �s�-- - a.._..�...�_.,_-__-------^-^-^-^-- e - � � a •�'; ^�7 �44T4 4 Yq •`? ••, ••• 1^ `G `41P^ `4 `4�W n ep a a�'sa o�o�v q' gR44 _ t � = s M— M M r—- M. M M M n M n n M M M M M M EXHIBIT D-1.5 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS - TARRANT COUNTY Reinvestment Zone Number Sixteen Fort Worth, Texas (Velue Ranch) Exhibit Q-1.5: Yro ect d Incremental Assessed Value & Incremental Real Property Taxes Available fur TIRZ Obligations - Tarrant Count Development ''arrant County 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 $100 AN ° Tax Revenues TIRZ Obli lions' Tax Revenues 3I-Dec-23 I-Jan-24 100% $0 (S4,449,181) $0 $0.194500 SD 0.00% SO 31-Dec-24 1-Jan-25 102% SO (S4449,181) So SO.I94500 s0 50,00% $0 31-Dex-25 I-Jan-26 104% $164,441,640 (S4,449,181) $159,992,459 SOA94500 $311,185 50,00% S155,593 31-Dec-26 Wan-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% S550,424 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 Wan-30 113% $1409,936,306 (S4,449,181) $1,404,487,125 $0.194500 $2,731,727 50.00% $1,365,964 31-Dec-30 1-Jan-31 115% S1,803,699,077 (S4-449,161) S1,799,249,896 SO.194500 S3,499,541 50.000/. $1,749,771 31-Doc-31 1-Jan-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 1200,6 S2,639,356,600 (S4449.181) S2,634,907,419 $0.194500 $5,124,895 50.00a/a $2,562,447 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 '-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 i-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 Wan-38 132% S5,019,512,144 (54,444,181) S5,015,062,963 $0,1945DO S9,754,297 50.00% $4,877,149 31-Dec-38 '-Jan-39 135% S5,549,414,022 ($4449,181) $5,544,964,841 SO.194500 $10,784,957 50.001/6 S5,392,478 31-Dec-39 'Jan-40 137% $6,098,504,170 (54,449,181) $6,094,054,989 SOA94500 $11,952,937 50.00% $5,926,468 31-Dft,-40 Wan4l 140% $6,637,601,250 ($4,449,181) S6,633,152,069 $0.194500 S12,901,481 50.001/ S6,450,740 31-Dec-41 I-Jan42 143% $7,195,822,811 (S4,449,181) $7,191,373,630 $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 ($4,449,t81) $7,965,696,808 $0,194500 $15,493,290 50.00% S7,746,640 31-Dec44 1-Im-45 152% S8,320,317,472 (S4449,181) $8.315,868,291 SO194500 $16.174,364 50.00% $8,087.182 3t-Dec-45 1-Jan-46 155% 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-Dec-47 1-Jan48 161% $9,406,094,889 ($4,449,181) $9,401645,708 S0.194500 S18,286,201 50.00% $9,143,100 31-Dec-48 I-Jan-49 164% $9,763,323,950 (S4,449.181) $9,758,874,769 S0.194500 S18,981,011 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 (S4,449,181) $10,473,902,808 SO.194500 $20,371,741 50 00% SIO,185,870 31-Dec51 1-Jan-52 174% S10,825,022,165 (S4,449,181) $10,820,572,984 S0.194500 V1,046,014 50.i110°1a $10,523,007 31-Dec-52 I-Jan-53 178% S11,041,522,608 ($4,449.181) S11,037,073,427 SOA94500 $21,461,108 50.00% $10,733,554 Total S309, 369,546 $ 154,684,773 MnniCap, Inc. :.�mnrrlcapshareprnntcnm-sirrr AL1.51Al f TILkS1.5'rrxar f brt Wrtrrh G'ealr Rn>Mh TIk7. Firsl AmerdmcnrPrnjecnnns (l'rnlr Hunch 7lRZ Fvvr.4meridmrni Pmjectum No, 3.0.xfsxJEXFf181TD-1-3 23Jon-2! Assumes an annual intflom factor of 2.0% 'Sec Exhibit C-2.7 2. See Exhibit H_ The TIRZ propern m the ETJ of the Cm-, if mn , will na generate city taxes mtd annexed mm the Cu?. 'Represents the Tarrant Cawuy real property tax rate for tax year 2022. Source, Ta t Counh Tax Aeseasor-Collector_ 'Assumes 0 %the ine=,;r,tal tax resinues are axaitablc for the repay--t of TIRZ obhgati EXHIBIT D-I.6 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE COUNTY 8 u W u ya v u u a t u u u t1.f u y u u u y u u u u u u u u _s gs5ssaYs-;5--;——---- gsL` ``®` `�` $a���b$�����x�ti��$m��:s�=Nm�a�.,v..—�����N���N•�N��r�w�wy=ss������k�bg�„ �s�xwy_o��ERs�.�R xxxxx3:ax� xaxxxs xx exxzxxxexse_ r N N N n fig W N N N N N N N N y N N N N N N M N H M N N N N H M N N N N p N N N �3��.. p. =($� dYSS•Y1'',Com "'N W —;o jow pe ;, g•a,.,M.p:.. W...-pAp�N �,`�"�"" "`S'...p 7p _ H � Fj � W m � � v. � � rar •D - �O A � � O P m q pp [•S �S h. � �. � m � � � N '•s" pp u � p A m � p �` a n #Ng,.=_aVoaNgspwa$wNti._jp wsyU,$aN�M�U��ms�8� & S�o.7�a� � �• �a .�e.`� �% a�w ;`o„m,a,.fs `a ;oim ,�fo..`,.e�w��.`-- -.`,.Y+ �a� t 1,t1§v L�ttt ,.�e�� t::tt a ae a ova ee amoe oeaw�e :r weez ova m — _ mmx _ma wmoy mc`ommmanmm'r a`La F. 9 F. a'im a—_ aam� mwmm ao � .. .. .y.�.. .y.� Ni uL�i4 ya � m by+• yv! N��NwNi n NXS ro^ Nv N_ W HM NM _N H_ N N N F N NHNN M N H H_HN N m 'iJs "y.0 h•• �-c N• $ �.. a•.. _ X -`a a — — tiV.M�fJA" e N' Syea m W y' H +� y m �p ao N > Ewa �e �... uu$ti �" � °0 W '1°• �P �� ooN m e $ -��.�� �w� s��a��'w��wSr.w ���N•�� ����, say.- W�s� .-w`a���«y=�°'� - tia�� _gaggg#g�_g ggggr_8_rpg_E8__pr_O�srr_r_'_ r_aErr>_tg_sg_risygiPnaa�ai vr r_gr�_p'8r._pr.8_og_�g_8g_'_8�_g8-8s8_pr.!_�8sr.__ glgrr.rs8rr2o�og_Ea�_„_ ti Y1 aI�P� P ��AL1A8aL°aaa.wSa PiYa299iIfi� P Aa OP a'a—��°oaAta A 4aaa928-S m F N yN KN �irr yy�� uNH uN H w a�.4 n 4i1a �wNiW 41 Ww N-.il w#.iN u�i.v Ri y' u�N N NNN_�N �a .�N:����� - �_bti m�T� 8888888888888888838888885$SS88�885888885888888&88888���'���?��?���?��?���?�`�����?��?�=??� ��ro N >�`3e�lS''$'L't b" `�' .,L'•o�olCo�a��'Ka':w' : ,.wom"i3L^o�w`�� i,,Knttnr'r'nt'iw'"iu'—"'^H �� ���_'���_���e�NW��s•=�s��Na���s��aN��:�����M��$Wti�a�w�.W��u��������A�'�J���y���a�����c. �g� ���µ���•���w��N©o�������xsW�=�w�W�W=�������a����g=���x$��ns:.�ti��._��m�w��s�&_��e�� �_A a 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 Projected Incremental Assessed Values and Incremental Real Property "faxes Available for TIRZ Obligations - City Tarrant County Development Total Available Total Available Total Available Year Incremental Incremental Incremental Ending Tax Revenues' Tax Revenues' Tax Revenues 31-Dec-23 $0 $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 $1,749,771 $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-Dec35 $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-Dec41 $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 31-Dec36 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 31-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 3l-Dec-58 $59,473,920 $0 571,172,550 31-Dee-59 $57,069,442 $0 $68,584,197 31-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 $0 561,845,214 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 $0 551,157,842 31-Dec-67 $33,176,639 $0 548,155,581 31-Dec-68 $29,544,534 SO 545,012,712 31-Dec-69 $25,753,923 $0 $41,724,813 31-Dec-70 $22,034,899 $0 538,477,881 31-Dec-71 $18,162,662 $D $35,134,540 31-Dec-72 $16,057,419 SO 533,494,062 31-Dec-73 $13.960,676 $0 $31,773,886 31-Dec-74 $12,011,909 SO 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 522,645,472 51,818,656,218 5154684,773 S2 544.30n,960 Mnnicap, Inc. 'See 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 RelnvertmentZone Number Sixteen Fort JYorth, Tccar (Jreale Ranch) Exhibit E-1 R Tota1 Projected Incremental Assessed YalLues and Tncmmental ReA Property Taxes Available f r the Rnisdictions - City Tarrant County Developmcnl Total Available Total Available Total Available YcU Inenaaental Incremental lacmnacnial E1ldiag Tax Revenues' Tax Rcecauesa Tax Re%rn cs 31-Dec-23_ SO ---W - _ . - _ ._ SD, s -. _ 1 31-Dec-24 _ SO SO SO �' _ _ _ $677,471— 31•Dee-26 $869,137 S359,474 SI,563,664 _ T�31-Ikc-i7_„ _ _ 3I,713,34D ^.,,_ $650,424: _-53,036,860 31•Dee-28 52,697,210 $996,338 St4,753,163 -31-Ucc•29 _ ' $3,820,247„� $1,365,864__;.,. SG,68fi,918,„_s ,. - �3l-Dcc-30 n S4.987,121 $1,749,771 SB,G96,112 510,?62,991�-"„,� 31-Dcc-32 $7,457,633 $2,562,447 $12,949,858 _ _ S13,799,077'-_.1 --S17,533,077 31-Dec-34 SIO,119,604 S3,437,926m _ ... -SII,i25,935 "".,�„53,900,379- _,$19,954,349_'-; _ 31-Dcc-36 512,984,469 54,379,953 521,465,449 31-pcc-31 _ _5 14,496,727 w Y�S•1,877,149`�LL �525,069,OP1�_� uc 31•D-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 _ ~ s$6,943,6i1�_ ..�__536,202,431�t -�S22,124,104 3f6ccAl $7,364,115 S38,179,807 ;.�... r _ ..... _ .. ;,�31-Dec-,43 ' - 523,315,509- __ __57,746,640„�._,� 31-Dcc 44 $24,414,204 S8,087,182 S42,092,655 3-'31-Dcc415�„�S_25,547,5k6'r',,$8.436,245 m526,716,390 �'",144,022,258; 3l-Nc-46 58,80D,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 S10,185,870 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"536,067,39=522,781,596,,,- _S34.117.150 �.,5, I--,851„-i 31-Dcc-56 S38,423.222 S23,237,401 S74,980,862 `--3I.Ikc�i7_-_-_S41,981,O1i_r523,913,390m'�wY$78,890,188� 31-Degd8 $46.0L7,541 $24,607,120_ $83.204.990 3LDccS9 �_�_ 150,536,745�"� �,w$z4,22e,954 -. $86,828,436�'t .. 31-Dee-60 w $55,218,193 -- T $91,800,517 C�31-ika�Gl._� _$25,045,269 �560,066,5;73' �,'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 S125,241,903 #J 31-Oca67.---� _$86,985,034 592,940,398' a�.�531,506,9Q1� ^SI31,462,45d' 31-Dec-68 $99,099,075 S32,336,060 $137,881,617 �_ 31-Dect69-_�'"5105,4_66,815��� _> 533,593,683 �,,,,, _ _5144,504,849 31-Dec-70 SI11.813,712 S34,586,481 S151,057,631 � 31-Dcc-T1�--�5118,366,416��,-"'�535,698,971'-�rS[57,903,4H2_-; �S123,204.197 TMS36,676,568 31-Dcc-72 $163,273,403 _ '31-Ikc-73-�'YS128,188,09,1"'�-'._ _ $37,578,967,�_ _$t68,79J,94i�, R 31-Doc-74 $132,879,382 $38,706,828 $174.122.858 _ f v31-Dcc�75 ",_, �S137,707,009�-; „,^`_S39,Y60,708�,"„ - -5179,596,3G7„_,d w 31-13cc-76 $142,674,SSD S40,841,257 $185,219,122 s"31-Ika77 j, _�_ SI47j41,49�_', �S4I,7B6,20S',;,,, 5190,G39,422� 31-Dcc-79 S152,498,857 S42,752,611 $196.165,256 j��,31-I3cc_79 �-�SI57,043,075� ,�S¢3,140y5S,�„'��5261,439�685��' 31-Dco-80 S161,810,033 S14_752,818 S206,847,674 �'M'J�ec---Big_-SIG6,408,137, 'iJ5,648,OJT �� 52i2,056,184 J_�+ �5216,298,1&7 31-Dec-82 S169,737,006 $46,561,181 4 31-Dec:83„'_--$173,112,457,492�78µ-� 5720,62i,031� �i $176,595,809� $48,442,602� $225t038,4124 _31-Da-84 _ i 3l--$180,128,433-'�549,411;628 5229,540,060-! 31•Dec-86 Si83,731,708 S50,400,033� $234,131,741 ?,_�3l_Deg87�, M 5187,407,049m .-.•$51;408,2D7`---'S238,815X6— .— �_$243,592,441 $191,155,897 $52.436,544 _3l-Dec•86 3l-Dx-89-_T,Sl94,979,72.2_,�,y,.+.... -,- $53,485A48`--_$248;463,I70__, 3l•Dec-90 S198,880,024 $54,555,330 $213,435,354 p.3l-becA1���,��5202,838,331��,�,;.;„$55;646,61D;� ,�5258,504,941�°;,� 3l-Dcc-92 $206,916,205 $56,759,715 $263.675,920 _ 1,;.�3ltIkcA3_"-5205,T53,293� 31•1ke-94 $215.217,047 $59,053,157 $274,330.203 �3[-Dce�97�A- S228,-035,889 �562,G68,212�_^MI124,101 "r 3[-Dce-98 _ $233,025,713 S63,921,750 S296.947,463 j__3t Dco-99 � __3237,686,935.__,y _565,2W,358'„ v1302,867,292 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-„'.5237,282,69fi �,�'-_570,375,677,�-f327,eS6,573 4 31713cc-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- Isere Exbmt b1.4 'S. nddb t P1.6. EXHIBIT E MAP AND DESCRIPTION OF THE PROPOSED USES OF THE PROPERTY (CURRENT CONCEPT PLAN) I r +/-54AC. Y -USE INDUSTRIAL 1 z ojo MIXED :- +/-526AC. +/-25AC. ?1z i z �0 INDUSTRIAL �F1VJ 1187 r $jp INDUSTRIAL jo +/-440AC. !, MIXED -USE w!z !a +/-13 AC. MIXED -USE +/-95 AC. aiQ +/-11AC. II !� ; __ XED-1 MIXED USE USE 1 i +/-72 A +/-47 MIXED -USE MIXED -USE 1 +/-106 AC. 6 AC. I J, SINGLE FAMILY AC. �: r iSINGLE FAMILY SINGLE FAMILY ! 1 i C,T�-I �� �, �->t� +/_182 AC. +/-175 AC. 1 a'..,.. 4[. ....,. ��I,wa. j yj--I r ---- � \ I SINGLE I FAMILY i4215 AC SINGLE FAMILY +/-237 AC. 1 1 - I I I I 1 I I [ INDUSTRIAL +J-173 AC. INDUSTRIAL +/-297 AC. MIXED -USE +/-167 AC. LL SINGLE FAMILY MIXED -USE +/-102 AC. ;E 51NGLE FAMILY }/- 40 AC. t' SINGLE FAMILY +/-35 AC ; r 1 MIXED USE SINGLE FAMILY 417 AC +/-84 AC [NGLE FAMILY /- 70 A i (� �� SINGLE FAMILY 0 p +/-42 AC. SINGLE FAMILY +/-13 AC. SINGLE FAMILY SINGLE +/-209.5AC SINGLE FAMILY +/-569 AC FAMILY +/-58 AC f~ SINGLE FAMILY +/-10.6 AC SINGLE FAM +/-63 AC MIXED -USE +/-66 AC. Foo,r� PMB PROJECT CONCEPT PLAN PI� l�QG /1� o t.som jam w�wxn: uu 7 mn uuzuzs CR 1AIXED-USE Y OF FORT WO NTH, TAR RANT COUNTY, TX NruMOE� xenam]t EXHIBIT F LIST OF PARCELS IN THE ZONE flee 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. Landscaping. (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 Property ID Acreage County Land Use Owner Market Value Taxable Value '= 3910903 0.8800 Tarrant County ResAg PMB Rolling V South Land LP $3,9[0,903 $52 4144066 29 2090 1 arrant County ResAg I'M13 Rolling V South Land LP $300,000 %2,308 4224310 7 14630 Tarrant County ResAg PMB Rolling V South Land LP $630,241 $4,216 49€4297 4.9200 Tarrant County ResAg PMB Rolling V Sarah 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 Rolling V South Land LP $1,670,300 10.167 40518566 4.1400 Tarrant County ResAg TRT Land Investors LLC $74,520 5327 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 Tarrant County Residential - Vacant TRT Land 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 Tarrant 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 5202,050 $1,066 42502339 15.0000 Tarrant County RcsAg TRT Land lnvestars 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 S105,800 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 42M61ti 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 t20 LAND LP $467,102 $1,547 42830522 184.9500 Tarrant County ResAg PIYIB 120 LAND LP $0 $0 42894784 5.1600 Tarrant County Residential - Vacant PMB Ventana Developer South LLC $103,200 $103,200 42894792 11.5000 Tarrant 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 20.5970 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 $1,460 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 PMB.VealeLand Investors ILP $309,935 $1,517 4224442 481.9200 Tarrant County ResAg TRT Land Investors LLC 53,503,440 $28,433 4299167 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 PMS 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 Zane Number Sixteen Fort Worth, Texas (Veale Ranch) Base Year Market Value va Taxable Value 2023 Property ID Acreage County Land Use Owner Market Value' Taxable Value'', 92989432 57.4300 Tarrant Coun ty ResAg g Mart Stores East LP Wal-Mart $0 $0 %R06a043635q` 67.0000 Parlter.Colmty -; ,_. . NotZoned 5 TRT LandlnvesforsLLC _ '$1',541,(#00 �$4,094,000 5L 450r ,'., R000050465 �178-660 ; Parker County Not Zoned TRT Land Investors LLC $7,830 s�'R000059005-'12b.5400" _ n _TRT Land Investors LLC _..-......e..e. p$4,098,030 R000063119 „ 178.1750 _.. _.. Parker County _...... Not Zoned TRT Land Investors LLC $7,940 { t,,I�000063224-104.7000w, M_ .Park_er County r_ '._ : ,Nat Zoned.'_' n _ ` ,- `TRT Land Investors i LC _ _ $2,523,100. x $4,830", R000063226 _v 1.0000 Parker County Not Zoned TRT Land Investors LLC $467 600 $467,600 f'.1R0000bA877"_ w 165.0000__ .Parker County '_ Not Zoned µ' TRT Land'InvestorsyLLC „R000095225 m. '1.0000 _Parker County Not Zoned TRT Land Investors LLC $302 650 $302,650 Rt)00095227x `14.00fl0 : Parker County Not Zoned TRT Land Investors LLC - $322,000 — 71 $52d Total 5192.11 1 - 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 Tarrant County Tax Accessor. Parcels Land Use Type Total Acres Total Market Value Total 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 NotZoned 840,42 $20,05200 $807.150 Total 5192.11 $53,13L,152 $5,256,331 Taaant C,nmty Pamela Parcels Land Use Type Total Acres Total Market Value Total 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 Cormemial 1.01 $0 $0 Various I Not Zoned 0.00 $0 $0 Total 4351,69 $33,077,352 $4,449,181 P.&— P--- P-1. Parcels Land Use Type Total Acres Total Market Value Total Taxable Value Various ResAg 0,00 S0 $0 Various Single Family 0.00 $0 $0 Various Residential - Vacant 0.00 $0 $0 Various VacantCommcrcial 0,00 $0 $0 Various Not Zoned 840.42 SMX31800 $807,150 Total I S20,053,800 i $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 City Manager's Office b}C William Johnson 5806 Originating 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 DeveloomentI - Tarrant County Residential Commercial Development 2.0% Multi -Family industrial Year Assessed Inflation Value Per Projected Value Pay Projected Total Projected Endinf, As Oia Factorz Sq Ft; Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 I-Jan-24 100% 0 $213 $0 0 $62 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 s0 0 $63 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 s0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 SO 0 $66 $0 0 31-Dee-27 I-Jan-28 108% 0 S235 $0 0 $67 $0 0 31-Dec-28 1-Jan-29 110% 0 S240 $0 0 S68 s0 0 31-Dec-29 I-Jan-30 113% 0 $245 $0 0 $70 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 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 $o 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 $0 0 $101 $Q 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 I-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 $31,547,620 195,398,559 31-Dec-61 l-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 $134 $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 S 177,3 57,526 245,243 $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 I-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 l-Jan-69 244% 362,573 $529 $191,977,490 245,243 $151 S36,963,065 228,940,555 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 $184 $45,057,770 279,077,259 MuniCup_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 2d%. Provided by the Developer_ Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.26.1: Projected 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 u 31-Dec-23 _� 1-7an-2A _ _ 1000/6 _- • 0 µ - �1-Jan-25 $213 - so .._ 0 .-m $62 - $0. 0 x - �- - 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-Ja_n-28 .. 108% r :_,0 ".,.. _ ._. M $5T $D p 31-Dec-28 1-Jan-29 110%".._.,_ 0 _ _$235...._-....,___,$0.,_!,.O $240 $0 0 $68 $0 0 31 Dec 29 1-Jan 30 l 13 /o' 0 $245 M $0� 0 t _ _ 31-Dec-30 1-Ian-31 115% 0 $249 50 0 $71 $0 0 ' -31-Dec 31 ".. 1-Jan-32 - 117%-- - --0-- -- $254_ ._. ..._ $U - ._..__.-�0.- _ 572 -- 1 31-Dec-32 1-Jan-33 �120% 0_ $0 0_ $74 _30 $0 0 _ t .31-Dec-J3' r_ 1-Jan-34 Tv_ _ _ _ Z22% _ _$260_ _ 5263�'.__- $0 - 4-� 0 _$75 50 ; ^$_270_ r 0 -0� Dec-34 1-Jan-35� 124%� 0 $0 0 $_77 $0 '�31-Dec�35'� _ 1-Jan-36 ` � Y127°/v .....,_...,,... 0 _ ....._-- - $275-�,.... - $0 - - --- �_ � _ O�_.-_-�.._.'$78 w - �_ _.._ _ $0 ---"-_--_ --^ __-__ �•-.. __ _ 7 31-Dec-36 1-Jan-37 I29% 0 $281 $0 0 $84- $0 0 _ _ I 31-I?ec37__ : 1-Jan-3_8-�� 132%� _� �0$287�0 _ ..�.._„ _ $82 _ _ �0 31-_Aec-39 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-JanAl 140% TO $304~ $0 ^ $0 0 _31-Dec-40 3I-Dec4] ,,� _kl-J_a_n_42 1_43%__ w_ ,_D -0-- �0 :"31_0� $0_ �_.. J _. 0..._._$68 - w -_ _ __._.___ $� - 31-Dec-42 _ _ I-Jan-43 146% _. $316 $0 _.._. 0 $90 $0 0 31 Dec-43 a �1Jan 44 .. _- 140%o 77_0-_ y$323 > �0 - - S_92 -_ SO o - Y$0 _U 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' _ - -0 _ �. - W $0 _a _ u..._ 9 _.._ A. -u$99T _ _ - I-Jan49 164%° $356 $0� 0 $10t $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 1-1]ec:rl 1-]an-52 _TT174°/a -_ .�450,413� _$166,979,333 $378.$170,3.18,919__ -$386 _301,871 $I0_8 $32,493,007� ry;202;811,926 31-Deo-524� 1-Jan-53 1780/a 450,413 _�µ $I73,725,298 301,$71 r�a $33,142,857206,86$,164 31-Deo-53� _ 1-Jan-54^ _ 181% _�450,413 ^ $393 _ � I77.199,803 N 301,$71 _$1I_0 $112� _ '�$33.805.724 ter' 21IJOOS,S_28 �1 31-Dec-54 1-Jan-55 185% 450,413 S40I $180,743,800 301,871 $114 $34,481,838 2I5,225,638 �1-Jan-57� 450,413 �450,413 _ -- - M1 $409 -- - SI84,35g'676 _ �$188,045,849 _ r w __ -- ----, _._----_--- . $35,171,475 19,53_O,iSI - 31-Deo-56 192%-_ ^$4~I7 ~ _ -'301,871�,$lI7 301,871 $II9 $35,874,905 223,920,754 31 Dee 57 _ v� 1-Jan-58 _ _ 5191,$06,766$121_� _ $36,592,403 228.399.169_ F j 31-DeF58 1-_Jan-59 200% 450,413 $195,642,901 301,871 $124 S37,324,251 232,967,152 31 Deo-59Y _ I-Tan-60 - i.._._,.`_.._,..,.,,.,.,:w�.. � . _... -�- 204°/D - - ,,,45D 413 _ _$434 Y $443 µ _ - - - - _ �-_ :.;$I99,555,759 � ' 301,S71Y _ �242,379,025 31-Dec-60 1-Jan-61 208% 450,413 $4!E- $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 °'' $39,608,794 '' 247,226,606. p 31-Dec-62 I-Jan-63 216% 4501413 $470 301,871 $134 252,171,138 _ 31 Dec-63 �P 1 Jan 64 Y 450,413- 0 __$211,770,168 _ $216,005,572- N 301;$_71 ' H $137 -� _$40,400,970 541,208,989 �257,214,561 - 31-Dec-64 _µ22_1% I-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 S42,033,169 262,358,852 31VDzG651-Jan-66'%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-Jan-67� _ i J_31,Iko-67ry�_l-laA-68 -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 $529 301,871 $45,498,054 283,995,659__ _ _ 31-Dec l-Jan70 _ „ _249% �_ ti 450,413_ _ $54_D _$233,487,605_ $243;257,357 -_ -' 301,871 _ _ _ :; $154 e --� $46,408;015 �547,33b,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 > 3I=Dec-73 1 Jan 74 w ^ 269 o -275% 450,413 _.. $S85 rT $263;309.587 _ µ30,1,871 _ $166 °_ " $50,233,528 313,543,114u.r 31-Dec-74 1-Jan-75 450,413 $596T $268,575,776 3D1,871- $170 $51,238,198 319,813,976 31Dec-75 . "mil-Jan-76 280% 450,413 $608 $27_3;947,294_ 301 871 J_- $173- --' $32,262 96232_6 J_ 210,25_6 -.a.... 31-Dec-76- _ 1-Jan-77 ..... 286% 450,413 - _.,_ _ $620 _- -, $279,426,240 T 301,871 $177 ,._ $53,308,221 332,734,461 w _ _450413$63_3 $28S,OL4,765q - �3D1'871- W -- _ �- � - -$180 - _ ____gI,L --_S_54,374,386 _ -� 339,384,1S0� Y 1-Jan_-79 297% 450,413 $G45� $290,715,060 301,871 $184 $55,461,873 346,176,933 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. 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S �O rG ... •v' W �ryp r C G� �� C N n N N H •H w� K� w H N � -- 6 D a n .M ry N rc. w H H H N y w N H N N N N N w w w yyy 3 pp �p MM y H y y y y y N N H N y y y N N N N w w w H w N N N H H N w w w N H V 1 H iq r H �F rdn N A N OH N W N w N 4R �1 aa p p "a $ pp pp Q p a pp QQ GG pa n, ••i �n y 000 JJOJOJ0000©000ecoo.�R..�appnMrn ry N N^ n � C, O .O r•1 m Y �� c� m N� O m� `y, •�`F P m [- �G Y, Y� N ry H M 8 y � cca�' rya G C [r� -� rC rn rn v vi d r tit ci M A = -� eye •yG 9 O Vi 49 N N M H H M W 49 H N N fA (R N I H N N N-w P� y ' � C—d--- N N N O x x P x o 0« C 1.t1 n M rn rn n rn rn M M r•f Hf M .', M rn M n m M [�1 M e0w0 NM Pm OM Om TM 'rv$ pp_ pp oo pO pp pp GG oo QQ CC m' map i rn a ap y y> Epp yN � .G b� h �r1 � N �" m vhl yy < S� N N H i9 � w W w H N N N H H w w H N N M w N dS N N N H N N N y y C r W p ��; —n c a PY� N c V a w H 5N9 w H H H i. H Y N dNf 6NR H V! K H H rM•, w N w y N N N N M N w Vf H H H� fI� ��� w 6T9 w w H N H v. H r�if w ayy G U O �o o"o occo crar'c yc�Nc c c�a"o c'' oco r d d K w v»; a � °' .n �°. �f° ^ �" � 3P 2°Xd. �°e 22��3°:{d°� `e 3te �� 2:� 2' a �° a a'a o �e a o i•a dte o 3'�e �., �e° � `�+ a "nN n.",.� n N ��m -hw nm .�pp $yp Nc... r+� ��ff VV A�•+ A "�. -p R N M1 n N `� •� A e. 4 G- K a7 B Ord R rd b�'3 �`d w�3 �d ^n`� e!,`d ti ti .Y �`d T < -T -"' N u •� v �n C M1 m N [w d s- m � — m � E.� G a. o =_ N�— w �G T A N 7 h �C i vNi .tMi ..di h� 3 .� $j �, � r� ,n rn )y)y'� yy M'st'4yji{ u � u q u v T v. �n yy �n .n .r. rn `4YY `yy4 `4 '� '4 `4 `4 `P � •4 r� tj e: � � o • -� I- - -- --- - rn m M n M M M M rn M M M en M M n rn M M M eh ri n M m M M n M m M n �R m NI n M, n M n m M I'i n [+> M m n [�u r•t ReinresYmem Zone Number.Woeen Fore Worth, Texas (Value Ranch) Exhibit C-1.21.2. Protected Assessed Value - 2045 Deyeloomentl - Tarrant County Rcs,dcnlial Cnmmemial Dcvelopmcnt 2.0'Y Multi -Family Oldustrial Office Rclan (Dig Do* Retail Padllnlinc Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per PrnjoelA Total Projected Endin As Of' Faclnr' Sq Ft' Sq Ft Assessed Value SqFl3 Sq Fi Assessed Value Sq Fr' Sq R Asmmd Value SqFtl Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 [-Jan-24 100% 0 $213 SO 0 $62 SO 0 $193 $0 0 $91 SO D $275 $0 0 31-Dec-24 i-12n-25 1021 0 $217 So U S63 $0 0 $187 $41 0 $85 $(1 U $281 $O 0 31-Deo-25 Wan-26 104% 0 $226 SO 0 S64 $0 0 S191 SO 0 $97 $0 0 $296 SD 0 31-13cc-26 I-Jan-27 I06% 0 S230 $O 0 S66 SO 0 SI95 So 0 SRR SO 0 S292 $0 0 31-Dee-27 1-Im-28 IN% 0 =3 $0 0 $67 SO 0 S198 $0 0 S90 SO 0 S208 s0 0 31-Dcc-29 I-Ian-29 110% 0 3240 $6 0 $69 so O S202 so (I S92 $0 0 5304 So 0 314!0r 29 WM-30 113% 0 S245 SO 0 $70 $0 0 $206 SD 0 $94 $0 0 $310 S0 0 31-Dee -i0 1-Jan-31 115% U $249 SO 0 $71 SU 0 $211 SO 0 $96 $0 0 S316 SO 0 3I-Dec-31 Wan-32 Ik7% 0 $254 $0 0 S72 S0 0 S215 $0 0 $97 SO 0 S322 SO 0 31-Dec-32 1-Jan--33 120% Il S266 $n 0 $74 SO 0 S219 $o 0 SW $0 O $324 SO U 3l-Dec-33 I-Jm-34 122% 0 $265 SO 0 S73 .$0 0 S223 SO 0 SIOI SO 0 $335 $0 0 31-Dcc-34 1-3.ia-3S 124% 0 $270 $0 0 $17 SO 0 $228 SO 0 $103 SO 0 S342 $0 0 31-Dw-35 1436 127% 0 S275 $0 0 $78 $D 0 $233 $0 O $105 SO 0 S349 s0 0 31-Dec-36 1-1-37 129% 0 S291 $0 0 $80 so 0 $237 $0 0 $1nN $0 0 $356 s0 0 31-Dee-37 1439 132% 0 S297 SO 0 $82 SO 0 $242 SO 0 $110 $0 0 $363 $0 0 31-Dcc-3R Wan 9 135% 0 S292 $6 U S83 SO U $247 $0 0 $112 so 0 S370 $O 0 3I-Dec-39 1-in40 137% 0 9291 $0 0 S35 $0 0 $232 $0 0 $114 SO 0 $374 So 0 31-Dcc40 I-Jaa-41 (4ft94 11 S304 so U 587 S0 U 5257 SO b $116 Sri 0 S385 S0 0 31-Dec41 I-Im42 143% 0 S310 S0 0 588 SO 0 S262 50 0 $119 $D 0 $393 Sn 0 31-Dcc-12 I-Jaa43 1461. 0 $316 So 0 S90 $0 0 $267 s0 O $121 SO 0 WE $0 D 31-Dec43 1-la"4 149% 0 S323 SO 0 $92 SO 0 S272 $0 0 $124 SO 0 $409 s0 0 31-D-44 1-Jan-45 152% 0 $329 $0 0 S94 SO n S271 SO 0 $126 $0 0 S417 SO 0 31-1711ce45 I-Jan46 Pis% 362,573 5336 S121,743,661 245243 a% $23,440347 104.544 S291 $29,610,865 45,738 S129 55879,594 32fi70 S425 $13,999,463 IN,593,935 31-Dcc46 1-1.-47 139% 362,573 S342 $124.178,534 245,243 S97 $23,909,153 104,544 $20 $3n,2134R2 45,738 $131 S5,997.196 32,670 S434 S14,i67257 10%475,613 31-Dec47 I-Im-18 161% 362,573 $349 $126.662,105 245.243 $99 S24,A7,337 1D4,544 $295 S30.527,952 45?38 S134 $6,117,130 32,670 S442 S14,450,602 202,445,126 31-Dcc48 1.1an49 164% 362.573 $356 S129,195,347 24S.243 SIDE S24.875,083 104,544 S3D1 $31,444.511 45,73% $136 $6.239.472 32670 S451 $14,739,&14 206,494.028 31-Dec49 1-Jan-50 167% 362.573 S363 $131.779,254 245243 $103 $25,372,595 104,544 $307 532,071,401 45,738 $139 16,364,262 32,670 S460 S15.034,407 210,623,909 31-Dcc-50 I-Jan-51 171% 362573 $371 .S 134,414,919 245,243 $1D6 $25,99(,037 1(14,544 $313 $32,714,869 45,738 $142 $6,491,547 32.670 $469 $1553 S,095 214,836,3R7 31-Dec-51 ?-Jan-52 174% 361,573 $378 $137,103,136 245,243 Slug S26,397,617 104;544 $319 S33,369,166 45,738 S145 $6,621,379 32,670 3479 $15,bf 1,797 219,133,115 31-Occ-52 I-fan-33 179% 362.57., S386 $139,945,i 99 245.243 S110 S26.925,59E1 FW544 $326 $34 036,550 45,739 S14g $6.753.06 32.670 $488 $15.954,633 223,515,777 31-04so-53 I-Jan-54 161% 362,573 $393 $142,642,10 245,243 SIR $27,464,102 IN,544 S332 S34,711,281 45.739 S152 $6,899.992 32,670 Sit" $16,273.725 227,986,092 31-Dec-54 I-Ian-55 195% 362.573 $401 S145.444943 245.243 5114 $28,013.394 104,144 S339 $35.411.626 45,738 $154 $1,026.659 32670 S508 a165992U(J 232,545,914 31-Dcc-55 l-Jan-56 188% M2,573 $409 $148.404,844 245,243 $117 S28,573,652 104,544 $345 $X 110,859 45,738 $157 S7,k67,193 32,670 SSES $16,931,194 237,195,73I 31-Dcc-56 I-Jan-57 192% 362,573 $417 $151372941 245.243 $119 529345,125 104544 $352 $36.942256 45,739 $161S $7,310,536 32,670 S529 S17,269.907 241,940,663 31-Dec-57 I-1m-58 196% 362.57) S426 S154,400399 245243 $121 S29.728,027 104-544 $359 $37.579.101 45,733 $163 57,456.741 32.670 $539 S17,615,204 246,779,479 31-0. - 9 9 1-lan-S9 2W% 362.57, $434 S157,498,407 245243 $124 S30,322.588 IW.544 $367 S38,330,683 45,718 $166 $7,605,992 32,670 $550 $17,967,509 25I,715,068 3i-Dec-59 IdanfiO 204% 362.573 4443 Sk60,638,E76 245,243 S126 $30,929.039 104.544 $374 S39,097,297 45,718 S170 57,758,D00 32.670 $561 $18,326,958 2S63749369 31-171cc-6U 1-.1-61 208"5 362.57, $452 S163,950,93a 243.243 $129 $31.547.620 104.544 S391 $39,R74.243 45.738 $173 $7.913.160 32,670 $572 $19.693.395 26L884,357 31-Dec-61 I.1an-62 212% 362,573 S461 S167,127,958 245,243 1131 S32.178,573 104,544 S3g9 540,676,829 45,739 $176 $9D71423 3 670 S584 S19,067,263 267,122044 31-Dcc-62 I-Jan-63 2161/1 362.57, $470 S170.470,517 245,24. S134 $32.922.144 104.544 $397 $41.490,364 45,M Slgo S823285I 32670 $595 $1944R,608 272,464,4RS 31-Dcc-63 I-Jan-64 221% 362,573 $480 SI73,879,927 24$,241 S137 $35,478,587 104,544 $405 $42,320,171 45,739 $194 $8,397,508 92670 $607 $19937,5$0 277,9B.775 31-Dctb4 I-Jan-65 225% 36257, $499 S177,357,526 245.243 $139 S34,148,159 104.544 S413 $41.166,575 45,73R SIR7 $8,565.459 32,670 $619 $20,234,331 283,472,050 31-Dec-65 l-Jan-" 230% 362,573 $499 $180,4X4676 245,243 $142 S34.831,122 IU4.544 $421 $44,o29,906 45,738 $191 S8,736,768 32,670 $632 S20,639,019 289,141,491 31-Dec-66 Wan-67 234% 362.573 S509 S 194,52 2,770 245,243 $145 $35.527,744 104,544 SUO $44,910,504 45,736 S195 $891151J3 32670 $644 S21,051,799 294424,321 3l-Doc-67 War-68 239% 362.573 $519 StROX3,225 245.243 $148 $36.238199 104344 S439 $45.808,715 45,758 $199 19,089.733 32670 $657 $21,472,835 300,822.807 31-13cc-M Wan-69 244% 362.57, $529 $191.977,490 243243 $151 $36,961,065 104,544 $447 S46.724,889 45,739 S2U3 $9,271,528 32,670 S67D S21902292 306,839263 31-OK-69 14an40 249% 362,571 $540 $195617,040 245,243 $154 S37,702,.326 104544 S436 S47,659,387 45,738 $207 S9456,958 32,670 SU4 $22140,337 312,976,049 31-Dec-70 I-Jan-71 254% 362.573 $551 SI",733,380 245243 $157 S38.456.373 i(R.544 $463 S49.612.574 45.739 S211 $9646.D99 32 670 $691 $22.787,144 319,235.570 31-Dea71 I-Jan-72 2S9% 162.573 S562 S203,728,048 245243 S160 $39,225.S00 104,544 S474 S49,584,826 45,739 $215 S9,819,020 37,670 $111 S23,242,987 325620,281 31-Dec-12 I-Jan-73 264% 362.173 $573 $207.902.600 245243 1163 W.01D,010 104.544 $494 $50.576.322 45.738 $214 $10.035.900 32.670 S126 $23.707,745 332,132687 3l-Deo-73 1474 269% 162,573 SS95 $211,959.661 245,243 S166 $0,210.211 104,544 S493 $31318.053 45.739 $224 SID,236,516 32,670 $740 $24,181,900 338,775,340 31-Dec-74 1-1an-73 275% 362573 15% $216.197,934 245.243 S170 S41,626.415 104544 5503 $52,619.914 45,739 $229 S10,441.246 __.076 S755 S24.665,538 345.550,947 t1H Ws p, 1- 'A -rdTing In 21 rartanl C IMI npprnisd Distinct properiy Is aver-d as n17.1 y I em,,IN Danng G6nnna:llon, the ass .1 Vn1.. i P.c A. dlr tx>rtwn nr the I aw rig cnmpl f d as ol'l-saxy I Ava6m daring cpnsvu b- 'A..-. an a 1 adLA.- 6vsuz d; 0%. 'F'rnvlded b: d,e ❑erclopu Reinvalmen! Zane Number Sbdeen Fort Warth, Texas (Peale Ranch) Exhibit G1,22,1: Projected Assessed Value • 2046 Development' - Summn Residential Commercial Development 20%. Malti-Farmily Industrial ofFsz Retail (Big BDx) Retail(Padnntine) Year Asseued Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Valve Per Projected Total Projected Fkdipg As Olt Fact. Fe Sq R Assessed Value gg Ft' Sq Ft Assessed Value Sq Fri S Et Assessed Value Sq Ftl Sq Ft Assessed Value Sq Fe Sq Ft As cd Value Assessed Value L-.,31•Deo-23�._ .-.1-Jun-24 ]00% 4 r � 5213 - - SD '- S 0 562 $0 - 0 5183 SO :sw.,-.:.,... 0...-...., _.__.�',-..__....-., ...?�?-r -`0--.y __._ SZ75 ..,-r , EO ..T.. _.., .0 �. • . ! rso 31-Dec-24 1-Jan-25 102% 0 $217 SO 0 $63 SO 0 S187 $0 1 0 SO 0 S281.-� 0 an-2 1-06. •$�164% _ 0 226 '$.�..R�:...: M -0 WT 4 =- .._,...,.._ _ �',�.w._ �_. _._..,...._ _ __$95 ,..;........<.;a.. -w- 6>-».-.-.• S0�'__.,._.__,.�.0,,.,-.,_, 31-13sc-26 1-Jan-27 106% S23D-~- $0 0 $66 SO 0 _..._.�'_....s,.�.... $195 SO 0 $99 � $0 M - 0 - ���•$292 -_�- -y<*�SO 0 _ `-'1-Jan-28^.:1p8%'ry �0_,--'Y,S235` �.,_56,.-�,�.___.0M.'� Sb'7,_.... _ � '�-� SO•r. _ �. 0_„x ,..,..•�I202u_ ....�� _ 31-Dec-28 14f 29 110'/.- 0_ $240_�__so 0 S68 EU-«._ 0 f0--__.....w.0S92�. �..$0_,...,_.__.:::__0._.... •-_-S304d---•.�».ED»�.-__�.._..._0_.w.... 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" .. _�. S ._ .. _._,........ __S 31-Dec-75_]-7an)6�r 28L1% w ry45D,4[356P6 5273,9F7,292 , `301,871_ •_vS173", 55226 62" 261'"6D.- 5135134180 23 _ Vi,736" 233 _SI0;65D,07[" __, r` " _--...-. _ _..^ �. .. ,>•',,.,,..--_.,5-, , 32'670•'-, ST70'_w� SZS,i56,8.19_-,M �496,199,701_:i bfrmX'.aO.lnr. 'Acootdieg tithe Porker Couory Appmixtl DisviclaM 7¢r:ant CountAppr¢iml Disuictpropety ba>arsdmoflummrylunuvolly. During commotion. ds a>senel vetoe rvpsv� the pvdim ofthe bnAd4 compLcW uofJooumy 1. A- m mxrad vsku dtvind wasumLion 'Asstmta an onno¢I inftion fxtra of 2b0 L 'Pmvided by the Develops. Reinvestment Zone Number Sixteen Fort Worth, Texas (Vaaue Ranch) Base Year Market Value vs Taxable Value 2023 Property ID Acreage County Land Use Owner Market Value' Taxable Va1uc''2 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` v Parker County Not Zoned _TRT TRT Land Investors LLC $4,094,000 $7,830 r ROnOD590t}8 - 'J 126.5400 �- Parker Corm - Not Zoned TRT lnv_csttiis L[ C w»� Land �$2,910,420 - $5,570 S R000063119 - 178.1750 -tY _ -Parker County-- _ Not Zoned -- - TRT Land Investors LLC- $4,098,03D- $7,840 - R000063224'r ]09.7000 ParkerCouu ty_ - Not Zoned, _ TRTLandlnveatgrsL_LC_ " w .. - ' $2,523;1OD'_'__$4,834 - R000063226 1.0000 Parker County Not Zoned TRT Land ]nvestors LLC $467,600 $467,600 - -...---- ROD0064877_ 165.0000 _ - - Parker County- ---°,--•-- ----- - Not Zoned - - _ -_� _ _ _ - _TR_T Land Investors LLC _ - ...�_ _ - S3,795,000v� --- _ -� ,.. R000095225 1.0000 Parker County Not Zoned TRT Land Investors LLC $302,650 $302,650 j R000095227 14.00OD .' _ Parker County Not Zoned TRT Land Investors LLC $322,000 $62011 I Total 5192.11 553,131,152 55,256 331 1- 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 Parcels Land Use Type Total Acres Total Market Value Total 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 $5 Sb 331 Tarrant County Parcels Parcels Land Use Type Total Acres Total Market Value Total 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 i 4351.69 533,077,352 $4,449.181 Parker Countv Parcels Parcels Land Use Type Total Acres Total Market Value Total Taxable Value Various ResAg 0.00 $0 $0 Various Single Family 0,00 $0 $0 Various Residential - Vacant 0.00 $0 $0 Various Vacant Commercial 0.00 $0 $0 Various Not Zoned 840.42 $20,053,SOD $807,150 Total 840.42 $20,057,800 $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 City Manager's Office-W. William Johnson 5806 Originating Business Unit Head: Robert Sturns 2663 Additional Information Contact: Michael Hennig 6024 Cherie Gordon 6053