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Home My WebLink AboutContract 62365CSC No. 62365 AGREEMENT TO PARTICIPATE IN TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN CITY OF FORT WORTH, TEXAS (VEALE RANCH TIF) This AGREEMENT TO PARTICIPATE IN TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN, CITY OF FORT WORTH, TEXAS ("Agreement") is entered into by and between the CITY OF FORT WORTH, TEXAS (the "City") and TARRANT COUNTY (the "County"). The City and the County hereby agree that the following statements are true and correct and constitute a basis upon which the City and the County have entered into this Agreement: A. On September 12, 2023, the City Council of the City ("City Council") adopted City Ordinance No. 2640-09-2023 designating certain real property that includes approximately 5181.922 acres as Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas {the "TIF District"). The TIF District is informally known as the "Veale Ranch TIF." Ordinance No. 2640-09-2023 is hereby incorporated by reference for all purposes and is attached hereto as Exhibit "A." B. The TIF District lacks adequate infrastructure to sustain viable development, including but not limited to, water, sewer, drainage, roads and sidewalks. Public improvements to be supported by the TIF District will result in increased tax revenues and other public benefits for both the City and the County. C. Pursuant to Section 311.013(o of the Texas Tax Code, the County is not required to pay any tax increment into the tax increment fund of the TIF District unless it enters into an agreement to do so with the City. The County wishes to enter into such an agreement with the City. NOW, THEREFORE, for and in consideration of the conditions set forth herein, the sufficiency of which is hereby acknowledged, the City and the County do hereby contract, covenant and agree as follows: 1. INCORPORATION OF RECITALS. The parties hereby agree that the recitals set forth above are true and correct and form the basis upon which they have entered into this Agreement. OFFICIAL RECORD Tarrant County Participation Agreement CITY SECRETARY Veale Ranch TIRZ FT. WORTH, TX Page 1 2. DEFINITIONS. In addition to any terms defined in the body of this Agreement, the following terms shall have the definitions ascribed to them as follows: Act means the Tax Increment Financing Act, as amended and codified as Chapter 311 of the Texas Tax Code. Captured Appraised Value in a given year means the total appraised value of all real property taxable by the County and located in the TIF District for that year less the Tax Increment Base. Project Plan means the project plan for the development and/or redevelopment of the TIF District, as adopted by the TIF Board and approved by the City Council of the City, attached hereto as Exhibit "S." TIF Board means the governing board of directors of the TIF District appointed in accordance with Section 311.009 of the Act and Section 3 of the City Ordinance No. 2640-09- 2023. At all times during the term of the TIF District, the County shall appoint and maintain at least one (1) member on the TIF Board and may appoint non -voting ex-officio members or County staff members who shall also be notified of all TIF Board meetings and actions. In addition to Tarrant County's one (1) appointment, Tarrant County may provide the City with the name and address of one additional representative to be considered by the City. TIF District means the certain real properties and boundaries as described in City Ordinance No. 2640-09-2023, attached hereto as Exhibit "A." Tax Increment in a given year means the amount of property taxes levied and collected by the County for that year on the Captured Appraised Value of real property taxable by the County and located in the TIF District. Tax Increment Base means the total appraised value as of January 1, 2023 of all real property taxable by the County and located in the TIF District. Tax Increment Fund means that fund created by the City pursuant to Section 311.014 of the Act and Section 6 of City Ordinance No. 2640-09-2023, which will be maintained by the City as a separate and individual account, into which all revenues of the TIF District will be deposited, including (i) deposits of Tax Increment by the City and by other taxing units with jurisdiction over real property in the TIF District, including the County, and (ii) all accrued interest earned on the cash balance of the fund. TIF Ordinance means City Ordinance No. 2640-09-2023, attached hereto as Exhibit "A." Tarrant County Participation Agreement Veale Ranch TTRZ Page 2 3. DEPOSIT OF TAX INCREMENT. Pursuant to a Resolution duly adopted by the governing body of the County, which Resolution is attached hereto as Exhibit "C" and is hereby made part of this Agreement for all purposes, and specifically subject to Section 4 of this Agreement, the County hereby agrees to deposit each year during the term of the TIF District, beginning with the 2023 tax year, fifty percent (50%) of the County's Tax Increment into the Tax Increment Fund up to a maximum cumulative contribution of one hundred fifty-four million six hundred eighty-four thousand seven hundred seventy-three dollars ($154,684,773.00) (the "Maximum County Contribution"). The calculation to determine the dollar amount of the County's Tax Increment to be deposited shall be made in accordance with the County's Tax Increment Financing Policy and such deposits shall be made in accordance with the City's standard administrative procedures relative to all tax increment reinvestment zones administered by the City, but only following receipt of a bill from the City that outlines the City's calculation of the amount of the deposit that is required for that year. 4. LIMITATIONS ON TAX INCREMENT DEPOSITS AND USE OF FUNDS. This Agreement is based on the following conditions, and the City agrees and acknowledges the County's right to enforce the conditions contained herein by injunction or any other lawful means in the event of one or more such conditions not satisfied. 4.1 Amendment to TIF Ordinance. The TIF Ordinance designates the boundaries, the eligible real properties for the calculation of Tax Increment for the TIF District and the specific participation Ievel of the City. All amendments to the TIF Ordinance shall be approved by the TIF Board prior to approval by the City Council. If the City Council approves an amendment to the TIF Ordinance different from the amendment approved by the TIF Board, the County shall suspend payment into the TIF Fund as described in Section 3 until the amendment is approved by the governing body of the County. 4.2 Certain TIF District Proiect Costs Excluded. All TIF Fund allocations, including but not limited to any management and administrative cost, must be approved by the TIF Board in accordance with the Project Plan. 4.3 TIF District Expansion. As defined, the TIF District shall include real properties located within the boundaries as described in the TIF Ordinance. If the TIF District is expanded, the County is not required to deposit into the Tax Increment Fund any Tax Increment generated from properties in the expanded area unless participation in the expanded boundary area is approved by the governing body of the County as an amendment to this Agreement. Additionally, the Tax Increment deposited into the Tax Increment Fund by the County may not be used for any permissible project costs in any portion of the expanded area of the TIF Tarrant County Participation Agreement Veale Ranch TIRZ Page 3 District unless approved by the governing body of the County as an amendment to this Agreement. 4.4 Tax Exemptions. Both the City and the County shall retain the right to grant tax exemptions as permitted by applicable law to properties located in the TIF District for purposes including but not limited to 1) historic preservation and restoration and 2) homestead eligibility. This shall not include any form of tax abatement or grant of tax funds collected by either the City or the County without prior approval by the TIF Board pursuant to Section 311.013(f) of the Texas Tax Code. 5. TERM. This Agreement shall take effect on the date as of which both parties have executed it and shall expire upon termination of the TIF District, which currently is the earlier of (i) December 31, 2052 or an earlier termination date designated by ordinance subsequently adopted by the City Council of the City or (ii) the date on which all project costs of the TIF District, including, but not limited to, tax increment bonds and interest on those bonds, have been paid or otherwise satisfied in full, including, but not limited to, tax increment bonds and interest on those bonds, have been paid or otherwise satisfied in full or (iii) when the County's maximum contribution of $154,684,773.00 has been reached, whichever occurs first. 6. TIF FUND ACCOUNTING. No later than July 1 of each year following execution of this Agreement, the City shall provide the County with an annual accounting of the funds deposited to and dispersed from the Tax Increment Fund, including accrued interest. After all project costs of the TIF District have been paid or at the time of the expiration of this Agreement, any funds remaining in the Tax Increment Fund following the final annual accounting by the City shall be paid to those taxing units participating in the TIF District in proportion to each taxing unit's share of the total amount of Tax Increment deposited into the Tax Increment Fund. 7. RESPONSIBILITY FOR ACTS. The City and the County shall each be responsible for the sole negligent acts of their officers, agents, employees, or separate contractors. In the event of a joint and concurrent negligence of both the City and the County, responsibility, if any, shall be apportioned comparatively with the laws of the State of Texas, with the understanding that neither parry waives any governmental powers or immunities or any other defenses available to each individually. Tarrant County Participation Agreement Veale Ranch TIRZ Page 4 S. NOTICES. All written notices called for or required by this Agreement shall be addressed to the following, or such other party or address as either party may subsequently designate in writing, by certified mail, postage prepaid, or by hand delivery: City: County: City of Fort Worth Tarrant County Administrator's Office Attn: City Manager 100 East Weatherford Street 1000 Throckmorton Street Suite 404 Fort Worth, Texas 76102 Fort Worth, Texas 76196-0609 with copies to: the City Attorney and Housing and Economic Development Director at the same address 9. NO WAIVER. The failure of either party to insist upon the performance of any term or provision of this Agreement or to exercise any right granted hereunder shall not constitute a waiver of that party's right to insist upon appropriate performance or to assert any such right on any future occasion. 10. VENUE AND JURISDICTION. If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of this Agreement, venue for such action shall lie in state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas — Fort Worth Division. This Agreement shall be construed in accordance with the Iaws of the State of Texas. 11. NO THIRD PARTY RIGHTS. The provisions and conditions of this Agreement are solely for the benefit of the City and the County and are not intended to create any rights, contractual or otherwise, to any other person or entity. 12. FORCE MAJEURE. The parties shall exercise every reasonable effort to meet their respective obligations as set forth in this Agreement, but shall not be held Iiable for any delay in or omission of performance due to force majeure or other causes beyond their reasonable control, including, but limited to, compliance with any government law, ordinance or regulation, acts of God, acts of omission, fires, strikes, lockouts, national disasters, wars, riots, epidemic, material or labor restrictions, transportation problems and/or any other cause beyond the reasonable control of either party. Tarrant County Participation Agreement Veale Ranch TIRZ Page 5 13. INTERPRETATION. In the event of any dispute over the meaning or application of any provision of this Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly for or against any parry, regardless of the actual drafter of the Agreement. 14. CAPTIONS. Captions and headings not used in this Agreement are for reference purposes only and shall not be deemed part of this Agreement. 15. ENTIRETY OF AGREEMENT. This Agreement, including any exhibits attached hereto and any documents incorporated herein by reference, contains the entire understanding and agreement between the City and the County as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provision of this Agreement. Notwithstanding anything to be the contrary herein, this Agreement shall not be amended unless executed in writing by both parties and approved by the City Council of the City in an open meeting held in accordance with Chapter 551 of the Texas Government Code. 16. COUNTERPARTS. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. [Signatures on Following Page] Tarrant County Participation Agreement Veale Ranch TIRZ Page 6 EXECUTED as of the later date below: CXTY OF FORT WORTH, TEXAS: By: William Johnson (N v 26, 202411:2T CST) William Johnson Assistant City Manager Date: Nov 26, 2024 .o444OR �N O' F o0o T %0 ATTEST: v °�9140 S. o=d 000000a4, � �S2vxQ b� nEXASaa By: --- j Jannette Goodall City Secretary APPROVED AS TO FORM/LEGALITY L.akyv,4 CoUlkeY By: Larry CollistBr (Nov 26, 2024 10:43 CST) Senior Assistant City Attorney Contract Authorization M&C 23-0713 City Ordinance No. 2640-09-2023 (09/12/2023) TARRANT COUNTY, TEXAS: I r By: Tim O'Hare County Judge Date: t, I l � ) �O -aq ATTEST: By. �- Name: Deputy County CIerk APPROVED AS TO FORM*: By: Name: Mark Kratovil Assistant CDA COURT ORDER # *By law, the District Attorneys Office may only advise or approve contracts or legal documents on behalf of its clients. It may not advise or approve a contract or legal document on behalf of other parties. Our view of this document was conducted solely from the legal perspective of our client. Our approval of this document was offered solely for the benefit of our client. Other parties should not rely on this approval and should seek review and approval by their own respective attorney(s). Tarrant County Participation Agreement Veale Ranch TIRZ Page 7 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Exhibit A ORDINANCE NO. 26420-03-2023 AN ORDINANCE DESICrNATING A CERTAIN GEOGRAPHIC AREA WITHIN BOTH THE CORPORATE LIMITS AND EXTRATERRITORIAL JURISDICTION OF THE CITY OF FORT WORTH AS "TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN, CITY OF FORT WORTH, 'TEXAS"; CREATING A BOARD OF DIRECTORS FOR 'mE ZONE; PROVIDING THE EFFECT]VE AND TERMINATION DATES FOR THE ZONE; ESTABLISHING A TAX INCREMENT FUND FOR THE ZONE; AND CONTAINING O`I'IIFR MATTERS RELATED TO THE ZONE. WHEREAS, on August 22, 2023, the City Council of the City of Fort Worth, Texas ("City Council") adopted Resolution No. 5787-08-2023, accepting the filing of a petition to create a new tax increment reinvestment zone from the owners of property constituting at least fifty percent (50%) of the appraised value of the property hereinafter described, as authorized by the Tax Increment Financing Act, codified at Chapter 311 of the Texas Tax Code ("Code"); WHEREAS, the City Council desires to promote the development of lard in that certain geographic area within both the corporate limits and extraterritorial jurisdiction of the City, which is more specifically described in Exhibit "A" of this Ordinance ("Zone") through the creation of a new reinvestment zone as authorized by and in accordance with the Code; WHEREAS, the City Council called a public hearing to receive public comments on the creation of the `Lone; WHEREAS, on September 1, 2023, notice of the public hearing was published in a newspaper of general circulation in both the corporate limits and extraterritorial jurisdiction of the City, which satisfies the requirement of Section 31 1.003(e) of the Code that publication of the notice occur not later than the Seventh day before the date of the public hearing WHEREAS, the City has prepared preliminary project and financing plans for the proposed Lone, as required by Section 31 1.003(b) of the Code ("Preliminary PIans"); and WHEREAS, oil September 12, 2023, the City Council held a public hearing regarding the creation of the Zone and its benefits to the City and to property in the Zone and afforded a reasonable opportunity for (i) all interested persons to speak for or against the creation of the Lone, its boundaries or the concept of tax increment financing and (ii) owners of real property in the proposed 7.011c to protest inclusion of their property in the Zone, as required by Sections 31 1.003(c) and (d) of the Code. Ordinance Designating'fax Increment }reinvestment Zone Number Sixteen, Ordinance No. 26420-09-2023 City of Fort worth, "Texas Page ] of 16 NOW, THEREFORE, 13E IT ORDAINED I3Y THE CITY COUNCIL OF TlJF CITY OF FORT WORTH, TEXAS: SECTION I. FINDINGS. After reviewing all information before it regarding the establishment of the Zone and after conducting a public hearing regarding the creation of the Zone and its benefits to the City and to property in the Zone and affording a reasonable opportunity for (i) alI interested persons to speak for or against the creation of the Zone, its boundaries or the concept of tax increment financing and (ii) owners of real property in the proposed Zone to protest inclusion of their property in the "Lone, 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 correct and incorporated by reference into the body of this Ordinance. Therefore, the City has met the notice and procedural requirements established by the Code far creation of a reinvestment zone under the Code. 1.2. The Lone consists of approx[mately 5,181.922 acres of land ("Property") 1.3. The creation of the Zone and the improvements therein will significantly enhance the value of all of the taxable real property in the `bone and will be of general benefit to the City. I.4. The Property included in the Zone meets the criteria and requirements of Section 311.005(a)(4) of the Code because the petition requesting the designation of the Zone 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, Texas, which are the counties in which the Property is located. 1.5. The development of the Property within the Gone will not occur solely through private investment in the reasonably foreseeable future. 1.6. According to the most recent appraisal roll of the Property, the total appraised value of all taxable real property in the Gone and in existing reinvestment zones in the City does not exceed twenty-five percent (25%) of the total appraised value of taxable real property in the City and ice industrial districts created by the City, if any. SECTION 2. DESIGNATION OF NEW ZONE The City Council hereby designates the Zone described in the boundary description and depicted in the reap, both attached hereto as Exhibit "A" and made a part of this Ordinance Designating Tax Increment Reinvestment Gone Number Sixteen, Ordinance No. 26420-09-2023 City of Fort Worth, Texas Page 2 of 16 Ordinance for- all purposes, as a reinvestment zone pursuant to and under Section 311.004(a)(4) of the Code. This reinvestment zone is ]mown as "Tax Increment Reinvestment Tone Number Sixteen, City of Fort Worth, 'Texas." SECTION 3. ZONE BOARD OF DIRECTORS A board of directors for the 'Lone ("Board") is hereby created. The Board consists of nine (9) members who will serve liar terms of two (2) years each. The Board will consist of the following rnernbers: 1.1 A member- of the state senate (or that person's authorized designee) in whose district the Zone is located pursuant to Section 3I I.009(b) of the Code. 1.2 A member of the state house of'representatives (or that person's authorized designee) in whose district a Iarger portion of the Zone is located pursuant to Section 31 1.0Q9(b) of the Code. 1.3 Each taxing unit other than the City that has approved the payment of all or part of the tax increment produced by the unit into the tax increment fund for the Zone may, but is not required to, appoint one (1) tnerober to the Board. 1.4 After each taxing unit other• than the City designates to the City either• the name of the member that the taxing unit wishes to appoint or the fact that the taxing unit wishes to waive its right to appoint a member, the City Council will appoint whatever number of members are necessary to fill the remaining positions on the Board. Such members may be members of the City Council. SECTION 4. TERM OF ZONE The Zone takes effect immediately upon the adoption of this Ordinance and terminate on the earlier of December 31, 2105 or an earlier termination date designated by an ordinance adopted after the effective date of this Ordinance or (d) the date on which all project costs, tax increment bonds and interest on those bonds have been paid or otherwise satisfied in full. Revenue From the Zone will be collected and deposited over a period of eight -two (82) years with the final year being solely dedicated to winding down the Zone. Ordinance DesignatingTax ]ncrernmit Reinvestment Zone Number Sixteen, Ordinance Na. 26420-09-2023 City of tort Worth, 'Texas Page 3 of 16 SECTION 5. DETERMINATION OF TAX INCREMENT BASE The tax increment base for the Zone, as defined by Section 31 1.012(c) of the Code, is the total appraised value of all real property in the Zone taxable by a taxing unit as of January 1, 2023, which is the year in which the Tone was designated as a reinvestment zone. SECTION C. TAX INCREMENT FUND A tax increment fund for the Zone ("TIF Fund") is hereby established. The TIF Fund may be divided into additional accounts and sub -accounts authorized by resolution or ordinance of the City Council. The TIF Fund consists of (i) the percentage of the tax increment, as defined by Section 31 1.012(a) of the Code, that each. taxing tll�it which levies real property taxes tit the Zone, other- than the City, has elected to dedicate to the TIF Fund pursuant to an agreement with the City authorized by Section 31 1.013(f) of the Code, plus (ii) the City's contribution of sixty-five percent (65%) of the City's tax increment, as defined by Section 3I 1.012(a) of the Code, subject to any (1) escalations set forth in the final pro.ject and financing plans and fort Worth City Secretary Contract Number 59003, as it currently exists or may be amended from time -to -time ("CSC No. 59003"); and (ii) thirty year term limitation for each phase of development as set forth in the final project and financing plans and CSC 59003; and (iii) binding agrCement executed at any time by the City that pledges an an1ount of legally available City funds whose calculation is based, in whole or in part, on payment to or receipt by the City of any portion of such tax increment. The T1F Fund will be rnalntained In an acC0Unt at the depository bank of the City and secured in the manner prescribed by law for Texas cities. Revenues in the TIF Fund shall be used solely in accordance with Section 31 1.014 of the Code. SECTION 7. TAX INCREMENT AGREEMENTS Pursuant to the Code, the City Manager and City Attorney are hereby authorized to execute and deliver, for and oil behalf of the City, tax increment agreements with taxing units that levy real property taxes in the Zone. SECTION 8. SLVERABILITY 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 will remain in full force and effect and shall not in any way be impaired or affected by such decision, opinion or judgment. Ordinance Designating Tax Increment Reinvestment "Lone Nrmiber Sixteen, Ordinance No. 26420-09-2023 City of Fort worth, Texas Page 4 of 16 SECTION ]. IMMEDIATE EFFECT That this OrciInance shall Lake effect and is full Force and effect from and after its adoption. AND IT IS SO ORDAINED. APPROVED AS TO DORM AND LEGALITY. Uia Tyler F. Wallach Senior Assistant City Attorney ADOPTED AND L-'FF ECI'IVE: Seotember 12. 2023 M&C: 23-0712 Al "F'EST. lannette S. Goodall, City Secretary 4, * ' 000 r 0�� °o 0 -0 4 r °flvoo00Ic Il�x�s�a Ordinance Designating Tar; Increment Reinvestment Zone Number Sixteen, Ordinance No. 26424-09-2023 City of Fort Worth, 'Texas Page 5 of 16 EXHIBIT "A" The Metes and Bounds Description of the lit -City Property PM VeitIana Develo nor South LLC Pronertv f 153.952 Acres) BEING A 191.349 ACRE TRACI' OF LAND SITUATED 1N THE ELIZABETH LANGSTON SURVEY, ABSTRACT NO. 988, T14E T.F. ROGERS SURVEY, ABSTRACT NO. I357, THE EDWARD TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T. FINLEY Si1RVFY, ABSTRACT NO. I903, CITY OF FORT WORTH, TAI?RANT COUNTY, TEXAS AND BEING PART OF A 1214.617 ACRE TRACT OF LAND CONVEYED TO JOHNNY HAMPTON (BUD) VINSON 11 AND CHERYL R. VINSON, AS RECORDED IN COUNTY CLERK'S FILE NO. D204159103, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 19I.349 ACRE TRACT, WITH REFERENCE BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 201 Ob , DETERMINED BY GPS OBSERVATION, CALCULATED FROM DALLAS CORS ARP (PID- DF8984) AND ARLINGTON RRP2 COBS ARP (P1D-DF5387), AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING ATA 112 INCH IRON ROD WITH CAP STAMPED "FULTON" FOUND FOR THE SOUTHEAST CORNER OF A 117.198 ACRE TRACT OF LAND, CONVEYED TO PB VENTANA 1, LLC., AS RECORDED IN COUNTY CLERIC'S FILE NO. D215129625, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE SOUTHWEST CORNER OF THE REMAINDER OF A 38.910 ACRE TRACT OF LAND CONVEYED TO SJ ROLLING HILLS DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D203176403, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, 'I THE NORTHWEST CORNER OF A 24.308 ACRE TRACT OF LAND CONVEYED TO TEXAS ELECTRIC SERVICE COMPANY, AS RECORDER IN VOLUME 5428, PAGE 543, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE EAST LINE OF SAID 1214.617 ACRE TRACT, THENCE, SOUTH 60 DEGREES 58 MINUTES 38 SECONDS WEST, OVER AND ACROSS SAID I214.6I7 ACRE "TRACT AND ALONG THE SOUTH LINE OF SAID 117.198 ACRE TRACT, A DISTANCE OF 1613.31 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "BURY" FOUND FOR THE SOUTHWEST CORNER OF SAID 117.198 ACRE TRACT AND THE SOUTHEAST CORNIER OF A 162.310 ACRE TRACT. OF LAND CONVEYED TO PD. LONG TERM HOLD 1, LP, AS RECORDED IN COUNTY CLERK'S PILE NO. D215I29626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING THE POINT O BEGINNING; TIdENCE, OVER AND ACROSS SAID 1214.617 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES. SOUTH 18 DEGREES 44 MINUTES 17 SECONDS EAST, A DISTANCE OF 304.90 FEET TO A 518 INCH IRON ROD WIT14 YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 79 DEGREES 56 MINUTES 47 SECONDS EAST, A DISTANCE OF 36I.22 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPER " JACOBS" SET FOR CORNER; SOUTH 71 DEGREES 58 M[NUTES 13 SECONDS EAST, A DISTANCE OF 363.76 FEET TO A 5181NCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED " JACOBS" SET 017420, 00000 i 14856.964 7.7783.0 Ordinance Designaling Tax increment Reinvestnictit Zone Number fifteen, Orclinancc No. 26420-09-2023 City of fort Worth, 'Texas Page 7 of 16 FOR CORNER AND THE BEGINNING: OF A NON -TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 22 DEGREES 29 MINUTES I5 SECONDS, A RADIUS OF 510.00 FEET AND A LONG CHORD THAT BEARS SOUTH 50 DEGREES 13 MINUTES 04 SECONDS EAST, A DISTANCE OF 198.88 FEET; ALONG SAID NON-TANGENTCURVE TO THE LEFT, AN ARC DISTANCE OF 200.17 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 33 DEGREES 15 MINUTES 17 SECONDS EAST, A DISTANCE OF 676.14 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 30.00 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC: CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 100.00 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 89 DEGREES 38 MINUTES 0I SECONDS WEST, A DISTANCE OF 955.41 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 1061.55 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 14 DEGREES 56 MINUTES 25 SECONDS WEST, A DISTANCE OF I22.85 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 32 DEGREES 45 MINUTES 42 SECONDS EAST, A DISTANCE OF IO2.90 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; SOUTH 60 DEGREES 24 MINUTES 29 SECONDS WEST, A DISTANCE OF 780.16 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; WEST, A DISTANCE OF 628.93 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SE -I' FOR CORNER; NORTH 07 DEGREES 05 MINUTES 06 SECONDS WEST, A DISTANCE OF 246.75 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; NORTH 24 DEGREES 54 MINUTES 16 SECONDS WEST, A DISTANCE, OF 164.11 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER; 0 17420,00000 1\4 856-9647.778 3.r3 Ordinance Designating Tax Increment Reinvestment 'Lane Number fifteen, Ordinance No. 26420-09-2023 City of Dart Worth, Texas Page 8 of 16 SOUTH 89 DEGREES 27 MINUTES 34 SECONDS WEST, A DISTANCE OF 444.34 FEET TO A 518 INCH €RON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER ON THE WEST LINT: OF SAID €214.617 ACRE TRACT AND THE EAST LINE OF A 3993.555 ACRE TRACT OF LAND CONVEYED TO IONA LAND L.P., ET AL, AS RECORDED IN COUNTY CLERK'S FILE NO. D203 €45630, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A I INCH IRON ROD FOUND FOR A NORTHWEST ELL CORNER OF SAID 1214.617 ACRE TRACT AND A SOUTHEAST CORNER OF SAID 3893.555 ACRE TRACT BEARS SOUTH 00 DEGREES 32 MINUTES 29 SECONDS EAST, A DISTANCE OF 722.55 FEET; THENCE, NORTH 00 DEGREES 32 MINUTES 29 SECONDS WEST, ALONG SAID WEST LINE OF 12I4.617 ACRE TRACT AND SAID EAST LINE OF 3893.555 ACRE TRACT, A DISTANCE OF 1910.63 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR THE SOUTHWEST CORNER OF AFORESAID €62.310 ACRE TRACT; THENCE, NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, OVER AND ACROSS SAID 1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID 162.310 ACRE TRACT, A DISTANCE OF 2602.98 FEET TO THE POINT OF BEGINNING AND CONTAINING 191.349 ACRES OF LAND, MORE OR LESS. SAVE AND EXCEPT: BEING A 15.007 ACRE TRACT OF LAND SITUATED IN THE E. LANGSTON SURVEY, ABSTRACT NO.999, T.F. ROGERS SURVEY, ABSTRACT NO. 1357, AND T14E E. TAYLOR SURVEY, ABSTRACI- NO. 1560, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING PART OF A 191.349 ACRE 'TRACT OF LAND CONVEYED TO PB LONG TERM HOLD 2, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D217119099, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID 15.007 ACRE TRACT, WITH BEARING BASIS TIEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DALLAS CORS ARP (PID-DF8984) AND ARLINGTON RRP2 CORS ARP (PID-DF5387), BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNINGS AT A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF SAID 191.349 ACRE TRACT AND THE SOUTHWEST CORNER OF A 21.204 ACRE TRACT OF LAND CONVEYED TO PB VENTANA 1, LLC, AS RECORDED IN COUNTY CLERK'S FILE NO. D217I19095, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE NORTH LINE OF A REMAINDER OF A 1214.617 ACRE TRACT OF LAND CONVEYED TO JOHNNY HAMPTON (BUD) VINSON II AND CHERYL R. VINSON, AS RECORDED IN COUNTY CLERK'S FILE NO. D204159103, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF SAID 21.204 ACRE TRACT BEARS NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A DISTANCE OF 130.00 FEET; THENCE, SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, ALONG THE SOUTH LINE OF SAID 191.349 ACRE TRACT, A DISTANCE OF 501.77 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER, FROM 017420.00000IX4856.9647-77810 Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No, 26420-09-2023 City QI f ort Worth 1 exas Page 9 of'] 6 WHICH A 5/9 INCH IRON ROD WITH PLASTIC CAI' STAMPED "JACOBS" FOUND FOR A SOUTHWEST CORNER OF SAID 191.349 ACRE TRACT BEARS SOUTH 89 DE UREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 453.64 FEET; THENCE, OVER AND ACROSS SAID 191.349 ACRE' TRACT,' THE FOLLOW ING COURSES AND DISTANCES. NORTH 00 DEGREES 21 MINUTES 59 SECONDS WEST, A DISTANCE OF 948.85 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, A DISTANCE OF 177.56 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 15 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF I4.I4 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 195.61 Fl-ul' TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINNING OF A 'TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 23 DEGREES 54 MINUTES I I SECONDS, A RADIUS OF 510.00 FEET AND A LONG CHORD THAT BEARS NORTH 49 DEGREES 0I MINUTES 32 SECONDS EAST, A DISTANCE OF 211.23 FEET; ALONG SAID TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 212.77 FEET TO A 5/9 INCH IRON Rat] WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 35 DECREES 35 MINUTTES 54 SECONDS EAST, A DISTANCE OF 135.68 FEET TO A 5/8 1NCII IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET I.OR CORNER; SOUTH 45 DECREES 32 MINUTTES 52 SECONDS EAST, A DISTANCE. OF 47.10 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 54 DEGREES 46 MINUTES 13 SECONDS EAST, A DISTANCE OF 208.15 FEET TO A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED " 3ACOBS" FOUND AN EXTERIOR ELL CORNER ON THE EAST LINE OF SAID I91.349 ACRE TRACT AND AN INTERIOR ELL CORNER ON THE WEST LIME OF AFORESAID 21.204 ACRE TRACT; THENCE, ALONG SAID EAST LINE OF 191.349 ACRE TRACT AND SAID WEST LINE OF 21.204 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAI' STAMPED "JACOBS" FOUND FOR CORNER; 017420, 000001 l4 8 55-9647-7793. v3 Ordinance Designating Tax Increment Reinvestment Zone Number fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, Texas 11'age 10 of 16 SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 30.00 FEET TO A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR CORNER; SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 100,00 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULAT€ID AREA OF 15.007 ACRES, OR 653,715 SQUARE FEET OF LAND. SAVE ANT) EXCEPT. BEING A 16.826 ACRE TRACT OF LAND SITUATED IN THE T.F. ROGERS SURVEY, ABSTRACT NO, 1357, THE E. TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T. FINLEY SURVEY, ABSTRACT NO. I903, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND BEING PART OF A €91.349 ACRE TRACT OF LAND CONVEYED TO PMB VENTANA DEVELOPER SOUTTI LLC, AS RECORDED IN COUNTY CLERIC'S FILE NO, D221026481, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID 16.826 ACR1~ TRACT, WITH BEARING BASIS BLING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DALLAS CORS ARP (PID- DF8984) AND ARLINGTON RRP2 COBS ARP (PID•DF5387), BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS - BE GINNING AT A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "I.JA SURVEYING" SET FOR "ITIE SOUTH WESTCORNER OF LOT 1X, BLOCK 12 OF VENTANA, PHASE 6A-1, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED 1N COUNTY CLERK'S FILE NO. D222166626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE SOUTH LINE OF SAID 19I.349 ACRE TRACT AND TI IE NORTII LINE OF A 166,267 ACRE TRACT OF LAND CONVEYED TO SJ BRYANT IRVIN COMMERCIAL DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D220341076, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM, WHICH A 518 INCH IRON ROD WITII YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE SOUTHEAST CORNER OF SAID LOT IX, BLOCK 12 AND'rHE SOUTHWEST CORNER OF LOT I, BLOCK 1 OF VENTANA ELEMENTARY SCHOOL, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D222169637, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS BEARS NOR`rH 89 DEGREES 38 MINUTES 0I SECONDS EAST, A DISTANCE OF 60,A0 FEET AND A SI8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF SAID LOT 1, BLOCK l BEARS NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A DISTANCE OF 561.77 FEET; THENCE, ALONG THE SAID SOUTH LINE OF 191.349 ACRE TRACT AND SAID NORTH LINE OF 166.267 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 393.64 FEET A 5181NCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR CORNER; SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF It 0.75 FEET A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; 017420.0 00001 A 8 56-9647-7 783. r 3 Ordinance Designating Tax Increment Reinvestment Zone Number fifteen, Ordinance No. 26420-09-2023 City of Foil Worlh, Texas Page I I of 16 THENCE, OVER AND ACROSS SAID 19I.349 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 40 DEGREES 23 MINUTES 33 SECONDS WEST, A DISTANCE OF 489.60 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINN€NG OF A NON -TANGENT CARVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 06 DEGREES 50 MINUTES 54 SECONDS, A RADIUS OF 830.00 FEET AND A LONG CHORD THAT BEARS NORTH 36 DEGREES 58 MINUTES 06 SECONDS WEST, A DISTANCE OF 99.15 FEET., ALONG SAID NON-TANGENTCURVE TO THE RIGHT, AN ARC DISTANCE OF 99.21 FEET TO A 519 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES 32 MINUTES 39 SECONDS WEST, A DISTANCE OF 83.56 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER ON THESOUTH LINE OF AFORESAID VENTANA, PHASE 6A•1 AND THE BEGINNING OF A NON-TANGENTCURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 00 DEGRF FS 27 MINUTES 30 SECONDS, A RADIUS OF 3990L0 FEET AND A LONG CHORD THAT BEARS NORT14 56 DEGREES 32 MINUTES 24 SECONDS EAST, A DISTANCE OF 31.91 FEET; ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 31.9 € FEET TO A 5/8 INC]I IRON ROD WITH YELLOW PLASTIC CAI' STAMPED "LJA SURVEYING" SET FOR CORNER; THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG SAID SOUTH LINE. OF VENTANA, PHASE 6A-1, THE FOLLOWINGCOURSES AND DISTANCES - NORTH 56 DEGREES 46 MINUTES 08 SECONDS EAST, A DISTANCE OF 42.63 FEET TO A 5/8 INC€-F IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES 13 MINUTES 52 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 56 DEGREES 46 MINUTES 08 SECONDS WEST, A DISTANCE OF 5.73 FEET TO A 518 JNCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 76 DEGREES 07 MINUTES 37 SECONDS WEST, A DISTANCE OF 13.61 DEFT TO A 518 INCH IRON ROD WITH YELLOW PLASTIC: CAP STAMPED "LJA SURVEYING" SET FOR CORNER, SAID POINT BEING ON THE NORTHEAST RIGHT- OF-WAY LINE OF MEGS CREEK ROAD (A 50' RIGHT-OF-WAY); NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, ALONG SAID NORTHEAST RIGHT-OF-WAY LINE OF MEGS CREEK ROAD, A DISTANCE OF €10. € 9 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AT THE SOUTH END OF A CORNER CLIP ATTHE INTERSECTION 017420.00900i14856.9647.7783A Ordinance € esignating Tax Increment Reinvestment 7.011C <tiUmber 1'if€CC13, Ordi1 ante NU. 26420-09-2023 City of € ort Worth, Texas Page 12 of 16 THENCE, OVER AND ACROSS SAID 19I.349 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 40 DEGREES 23 MINUTES 33 SECONDS WEST, A DISTANCE OF 489.60 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAI' STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINNING OF A NONJANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 06 DEGREES 50 MINUTES 54 SECONDS, A RADIUS OF 830.00 FEET AND A LONG CHORD THAT BEARS NORTH 36 DEGREES 58 MINUTES 06 SECONDS WEST, A DISTANCE OF 99,15 FEET; ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 99.21 FEET TO A 5/8 INCH ]RON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES 32 MINUTES 39 SECONDS WEST, A DISTANCE OF 83.56 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC`. CAP STAMPED "LJA SURVEYING" SET FOR CORNER ON THE SOUTH LINE OF AFORESAID VENTANA, PHASE 6A•l AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 00 DF.GRE.ES 27 MINUTES 30 SECONDS, A RADIUS OF 3990.00 FEET' AND A LONG CHORD THAT BEARS NORTH 56 DEGREES 32 MINUTES 24 SECONDS BAST, A DISTANCE OF 31.91 FEET; ALONG SAID NON -TANGENT CURVE, TO THE RIGHT, AN ARC DISTANCE OF 31.91 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "I.JA SURVEYING" SET FOR CORNER; THENCE, CONTINUING OVER AND ACROSS SAID I91.349 ACRE TRACT AND ALONG SAID SOUTH LINE OF VENTANA, PHASE 6A-1, THE. FOLLOWINGCOURSES AND DISTANCES - NORTH i 56 DEGREES 46 MINUTES 08 SECONDS EAST, A DISTANCE OF 42.63 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "I.JA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES 13 MINUTES 52 SECONDS WEST, A DISTANCE OF 50.00 FEE.,F TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 56 DEGREES 46 MINUTES 08 SECONDS WEST, A DISTANCE OF 5.73 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 76 DEGREES 07 MINUTES 37 SECONDS WEST, A DISTANCE OF 13.61 FEET TO A 5J8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER, SAID POINT BEING ON THE NORTHEAST RIGHT- OF-WAY LINE OF MEGS CREEK ROAD (A 50' RIGHT-OF-WAY); NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, ALONG SAID NORTHEAST RIGHT-OF-WAY LINE OF MEOS CREEK ROAD, A DISTANCE OF 110.19 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FORCORNER AT THE SOUTH END OF A CORNER CLIP AT'T'HEINTERSECTION 017470-000001 A 8 56.9647-7 7 8 3 A Ordinance Designating Tar. increment Reinvestment Zane Number Fifteen, Ordinance Na. 26420-09-2023 City 0f Forl worth ,Texas Paige 13 of 16 OF SAID NORTHFEAS'f RIGITF-OF-WAY LINE OF MEGS CREEK ROAD AND THE SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY (A 60' RIGHT-OF-WAY); NORTI i 14 D1 GREFiS 09 MINUTES 29 SECONDS EAST, ALONG SAID CORNER CLIP, A DISTANCE OF [4.58I'LLI'TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SE"I' FOR CORNER AT THE NORTH END OF SAID CORNER CLIP AND THE SFGINNING OF A NON -TANGENT CURVE TO THE RIGHT IiAVING A CENTRAL ANGLE OF 03 DEGREES 34 MINUTES I 1 SECONDS, A RADIUS OF 4170.00 FEE')' AND A LONG CHORD THAT BEARS NORTH 59 DEGREES 11 MINUTES 32 SECONDS EAST, A DISTANCE; OF 259.77 FEET; THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT, ALONG SAID SOUTH LINE OF VENTANA, PHASE 6A-1 AND ALONG SAID SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY, THE FOLLOWING COURSES AND DISTANCES: ALONG SATDNON-TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 259.81 FEET' TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 682.76 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE NORTHWEST CORNER OF AFORESAID LOT IX, BLOCK 12; THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG THE WEST LINE OF SAID LOT I X, BLOC:K 12, THE FOLLOWING COURSES AND DISTANCES: SOUTH 74 DEGREES 01 MINUTES 22 SECONDS FEAST, A DISTANCE OF 14.14 FEET TO A 5/9 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 29 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 82.72 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINNING; OF A TANGENT CURVE TO THE RIGHT HAVING A CENTRAI. ANGLE OF 28 DEGREES 39 MINUTES 23 SECONDS, A RADIUS OF 410.00 FEET AND A LONG CHORD THAT BEARS SOUTH 14 DEGREES 41 MINUTES 41 SECONDS EAST, A DISTANCE OF 202.93 FEET; ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 205.06 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 828.80 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA Of 16.826 ACRES, OR 732,925 SQUARE FRET OF LAND. SAVE AND EXCEPT - That 7.423 acre portion of a 7.607 acre tract of Iand [mown as Ventana, Phase 6A-1, an addition to the City of Fort Worth, Tat -rant County, Texas, according to the Plat thereof 017420.00000 114856-9647-77810 Ordinance Designating Tax Increment Reinvestment Zone Number fifteen, Ordinance No. 26420-09-2023 City of fort Worth, Texas Page 14 of 16 recorded iit Document D222166626, Plat Records Tarrant County, Texas, lying within the bounds of the above described 191.349 acre tract of land, SAVE AND EXCEPT that certain 1.859 acre private open space lot known as Lot 1 X, Block 12, of Vent ana, Phase, 6A-I, an addition to the City of Fort Worth, Tauant County, Texas, according to the Plat thereof recorded in Document D222I66626, Plat Rccords Tarrant County, Texas, for a net excepted area of 5.564 acres of land. PM Von tana SFR I,P Pranerty U6.826 Acres} BEING A 16.826 ACRE TRACT OF LAND SITUATED IN THE TY. ROGERS SURVEY, ABSTRACT NO, 1357, THE E. TAYLOR SURVEY, ABSTRACT NO. I560 AND THE D.T. FINLEY SURVEY, ABSTRACT NO. 1903, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND BEING PART OF A 19I349 ACRE: TRACT OF LAND CONVFsYRD TO PMB VENTANA DEVELOPER SOUTH LLC, AS RECORDED IN COUNTY CLERK'S FILE NO. D22102648I, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 16.826 ACRE TRACT, WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DALLAS CARS ARP (PID- DF8984) AND ARLINGTON RRP2 CORS ARP (PID-DF5387), BEING MORE PARTICULARLY DLSCRI BED BY METES AND BOUNDS AS FOLLOWS: BEGI11NING AT A 5/8 INCH IRON ROD WITFI YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE SOUTHWEST CORNER OF LOT IX, BLOCK 12 OF VENTANA, PHASE 6A-I, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILENO. D222166626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE SOUTH LINE OF SAID 191,349 ACRE TRACT AND THE NORTH LINE OF A 166.267 ACRE 'TRACT OF LANE? CONVEYED TO SJ BRYANT IRVIN COMMERCIAL DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D220341076, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM W141CII A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LIA SURVEYING" SET FOR THE SOUTHEAST CORNER OF SAID LOT IX, BLOCK 12 AND THE SOUTHWEST CORNER OF LOT I, BLOCK I OF VENTANA ELEMENTARY SCHOOL., AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D222169637, OFFICIAL PUBLIC RECORDS, TARRANTCOUNTY, TEXAS BEARS NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A DISTANCE OF 60.00 FEET AND A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF SAID LOT I, BLOCK I REARS NORTH 89 DLGREFS 38 MINUTES 01 SECONDS FAST, A DISTANCE OF 561.77 FEET; THENCE, ALONG THE SAID SOUTH LINE OF 191.349 ACRE TRACT AND SAID NORTH LINE OF €66.267 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 393.64 FEET A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR CORNER; SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 110.75 FEET A 5/9 INCH IRON ROE] WITH YELLOW PLASTIC CAI' STAMPED "LJA SURVEYING" SET FOR CORNER; 017420.000001W856.9647.7793.0 Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 2642€1-09-2023 City of fort Worth, Texas Page 15 of I6 THENCE, OVER AND ACROSS SAID 191.349 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 40 DEGREES 23 MINUTES 33 SECONDS WEST, A DISTANCE OF 489.60 FEET TO A 518 INCH [RON ROD WITH YELLOW PLASTIC CAI' STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE: OF 06 DEGREES 50 MINUTES 54 SECONDS, A RADIUS OF 830.00 FEET AND A LONG CHORD THAT BEARS NORTH 36 DEGREES 58 MINUTES 06 SECONDS WEST, A DISTANCE OF 99.15 FEET; ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 99.21 FEET TO A 519 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES 32 MINUTES 39 SECONDS WEST, A DISTANCE OF 83.56 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER ON THE SOUTH LINE OF AFORESAID VENTANA, P14ASE 6A-1 AND THL BE -GINNING OF A NON -TANGENT CURVES TO THE RIGHT HAVING A CENTRAL ANGLE OF 00 DEGREES 27 MINUTES 30 SECONDS, A RADIUS OF 3990.00 FEF,T AND A LONG CHORD THAT BEARS NORTH 56 DEGREES 32 MINUTES 24 SECONDS EAST, A DISTANCE OF 31.91 FEET; ALONG SAID NON-TANGF,NT CARVE TO THE RIGHT, AN ARC DISTANCE OF 31.91 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG SAID SOUTH LINE OF VENTANA, PHASE 6A-1, THE FOLLOWINGCOURSES AND DISTANCES: NORTH 56 DEGREES 46 MINUTES 08 SECONDS EAST, A DISTANCE OF 42,63 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 33 DEGREES €3 MINUTES 52 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 56 DEGREES 46 MINUTES 08 SECONDS WEST, A DISTANCE OF 5.73 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAI' STAMPED "WA SURVEYING" SET FOR CORNER; NORTH 76 DEGREES 07 MINUTES 37 SECONDS WEST, A DISTANCE OF 13.61 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SE.T FOR CORNER, SAID POINT BEING ON THE NORTHEAST RIGHT- OF-WAY LINE OF MEGS CREEK ROAD (A 50' RIGHT-OF-WAY); NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, ALONG SAID NORTHEAST RIGHT-OF-WAY LINE OF MEGS CREEK ROAD, A DISTANCE OF 110.19 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AT THE SOUTH END OF A CORNER CLIP AT THE INTERSECTION 017420.00000IA856.9647-7783A Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort Wordi, Texas Page 16 of 16 OF SAID NORTHEAST RIGHT-OF-WAY LINE OF MEGS CREEK ROAD AND THE SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY (A 60' RIGIIT-OF-WAY); NORTH 14 DEGREES 09 MINUTES 29 SECONDS EAST, ALONG SAID CORNER CLIP, A DISTANCEOF 14.58 FEET TO A 518 INCH f RON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER A'I' THE NORTH END OF SAID CORNER CLIP AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 03 DEGREES 34 MINUI'I S I 1 SECONDS, A RADIUS OF 4170.00 FEET AND A LONG CHORD THAT BEARS NORTH 59 DEGREES i I MINUTES 32 SECONDS EAST, A DISTANCE OF 259.77 FEET; THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT, ALONG SAID SOUTf I LINE OF VENTANA, PHASE 6A•1 AND ALONG SAID SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY, THE FOLLOWING COURSES AND DISTANCES. ALONG SAIDNON•TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 259.81 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "I.JA SURVEYING" SET FOR CORNER; NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 682,76 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "I.JA SURVEYING" SET COR THE NORTHWEST CORNER OF AFORESAID LOT IX, BLOCK 12; THENCE, CONTINUING OVER AND ACROSS SAID 191,349 ACRE TRACT AND ALONG THE WESTLINE OF SAID LOT IX, BLOCK 12,THE FOLLOWING COURSES AND DISTANCES: SOUTH 74 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE. OF N. W FEET TO A 5/9 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTH 29 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 82.72 FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAI STAMPED "LJA SURVEYING" SET FOR CORNER AND THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 28 DEGREES 39 MINUTES 23 SECONDS, A RADIUS OF 410,00 FEET AND A LONG CHORD THAT BEARS SOUTH 14 DEGREES 41 MINUTES 41 SECONDS EAST, A DISTANCE OF 202.93 FEET; ALONG SAID TANGENT CARVE TO THE RIGHT, AN ARC DISTANCE OF 205.06 FEET' TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; SOUTHH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 928.80 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 16.826 ACRES, OR 732,925 SQUARE. FEET OF LAND. TRT Land Investors LLC Property (58.603 Acres) 017420,000001 M 56-9647-7 783.0 Ordinance Designating Tax Increment Reinvestment Gone Number fifteen, Oi-dinance No. 26420-09-2023 City of fart Worth, Texas Page 17 of 16 BEING 58.603 ACRES OF LAND SITUATED IN THE DAVID 1-1. DIXON SURVEY, ABSTRACT NO, 442, G.H. & H. RR. CO. SURVEY, ABSTRACT NO. 623, D.T. FINLEY SURVEY, ABSTRACT NO. 1900, AND THE NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF A -TRACT OF LAND DESCRIBED TO TRT LAND INVESTORS, I.LC AS RECORDED IN COUNTY CLERKS FILE NO. D221245221, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY T XAS, AND BwN0 MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 518-INCII IRON ROD POUND FOR THE NORTHEAST CORNER OF SAID TRT LAND TRACT ON THE WESTERLY RIGHT-OF-WAY LINE OF R.M. HIGHWAY NO.2871 (A VARIABLE WIDTH RIGHT-OF-WAY) FOR THE BEGINNING OF A CURVE TO THE LIFT I3AV ING A RADIUS OF 2416.83 FEET AND A CHORD TIIAT BEARS SOU'T I1 1 I°35'04" EAST, 945.85 FEET; THENCE WITH SAID WESTERLY RIGHT-OF-WAY LINE AND SAID CURVE TO THE LEFT, TI.IROUGH A CENTRAL ANGLE OF 22034'08", AN ARC -DISTANCE OF 951.99 FEET TO A 1/2-INCH CAPI'ED IRON ROD STAMPED "LANDES ASSOCIATES" FOUND FOR THE NORTHERNMOST CORNER OF LOT I, BLOCK 1, BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS BY PLATRECORDED IN COUNTY CLERK FILE NO. D205347812 OF SAID OFFICIAL PUBLIC RECORDS; THENCE WITH THE NORTHWESTERLY LINE OF SAID BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION, TIIF.. FOLLOWING COURSES AND DISTANCES: SOUTH 64027'52" WEST, A DISTANCE OF 475.19 FEET TO A 1/2-INCH IRON ROD FOUND; SOUTH 47056'03" WEST, A DISTANCE OF 22I.98 FEET TO A 112-INCI-I CAPPED IRON ROD STAMPED "WIER ASSOCIATES" FOUND; SOUTH 31020'39" WEST, A DISTANCE OF 625.38 FEET TO A 1/2-INCH CAPPED IRON ROD STAMPED "WIER ASSOCIATES" FOUND FOR THE SOUTHWEST CORNER OF SAID BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION ON THE NORTH LINE OF LOT 1, BLOCK I, BENBROOK WATER AND SEWER AUTHORITY TANK SITE, AN ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY, TEXAS BY PLAT RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 89°38'34" WEST, WITH SAID NORTH LINE, A DISTANCE OF 597.69 FEET TO A 518-INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID BENBROOK WATER AND SEWER AUTHORITY TANK SITE; THENCE SOUTH 01036'11" WFST, WITH THE WEST LINE OF SAID BENBROOK WATER AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FEET TO A 112-1NC14 IRON ROD FOUND FOR THE NORTHEAST CORNER OF LOT 31X, BLOCK 8, VENTANA, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY 0 11420-0 0000 [A 85&9647.7 783A Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26424-09-2023 City o1-F01-1 Worth"I'mis Page 18 of 16 PLAT RECORDED IN COUNTY CLERIC FILL, NO. D217078339 OF SAID OFFICIAL PUBLIC RECORDS; TI IENCE SOUTH 89026'43" WEST, W1T1.1 T iEs NORTH LINE OF SAID VENTANA ADDITION, A DISTANCE OF 649,00 FEET; THENCE OVER AND ACROSS SAID 'I'RT LAND TRACT, THE FOLLOWING COURSES AND DISTANCES; NORTH 01 022'48" WEST, A DISTANCE OF 888.51 FEET; NOR'1'I189016'44" EAST, A DISTANCE OF 669.38 FEET; NORTH 00°2['24" EAST, A DISTANCE OF 1119.32 FEET TO THE' NORTII LINE OF SA[D TRT LAND TRACT; THENCE SOUTH 82007'07" EAST, WITH SAID NORTH LINE, A DISTANCE OF 1333.53 FEET TO ]'HE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA 64.680 ACRES (2,817,481 SQUARE FEET) SAVE AND EXCEPTTHAT 6.077 ACRES TI1AT LIES WITHIN VEALE RANCH PARKWAY (A 110-FOOT-WIDE RIGHT-OF-WAY) AS DEDICATED BY DOCUMENT RECORDED 1N COUNTY CLERK FILE NO. D217021024 OF SAID OFFICIAL PUBLIC RECORDS FOR A NET CALCULATED AREA OF 58.603 ACRES (2,552,781 SQUARE FEET) OF LAND. PMB Rolline'V South band LP Pronerty (710.369 Acres/, To -act 1 (544.102Acres)r Being a 544,102 acre tract in the T. Finley Survey, Abstract No. 1878, T.F. Rogers Survey, Abstract No. 1357, T&NO RR CO Survey, Abstract No. 1565, D: ['. Finley Survey, Abstract No. 1901, in Tarrant County, Texas, being the rcinaindcr portion of a called I,214.6I acre tract described in instrument to Johnny Hampton (Bud) Vinson 11 & Cheryl Vinson, recorded in Clerk Fife No. D204159103 Official Public Records, Tarrant County, Texas, (O.P.R.T.C.T.) said 544.102 acre tract being s;lore particularly described by metes and hounds as follows: Bearings, Distances, and/or Areas derived From GLASS observations performed by Texas Surveying, Inc. and reflect N.A.D. 1983, Texas State Plane Coordinate System, North Central Zone 4202. (Grid) (Grid acreage is 543.972, surface acreage calculated using scale factor of 1.00012). BEGINNING at a found I" iron rod in the north right-of-way of U.S. 11ighway 377 South, variable width, for the southeast corner of Lot 10, Block 35, Beira Flora, Phase 10, said subdivision plat recorded in Clerk File No, D221350274, Plat Records Tarrant County, Texas (P.R.T.C.T.), being the mosL southerly southwest corner of the herein described 544.102 acre tract; THENCE North 410 59' 43" West, 999.70 feet, to a found 7/8" iron rod, for the north corner of Lot 6 and Lot 7, Block 35 of said Phase 10 Plat, being and interior corner of the herein described 544.102 acre tract; 017470.00000I \4856-964 7-7783.v 3 Ordinance Designating Tax Increment Reinvesiment Zone Number fifteen, Ordinance No. 26420-09-2023 City of Dort Worth, 'Texas Page 19 of 16 THENCE South 470 59' 05" West, 583.31 feet, to a found 1/2" capped iron rod, on the north line of Lot 1, Block 35, 1361a Flora, Phase 9, said subdivision plat recorded in Clerk Pile No. D2211 I5287, P.R. I'.C: f., being an angle corner of the herein described 544.102 acre tract; 1I1CNCE South 99' 27' 40" West, 3,523.32 feet, to a found 1" iron rod, on the east right-of-way of ]Jean Ranch Road, 55 foot wide, as shown on plat of Bel€a flora Phase 7, D216064985, P.R.P.C.T., for the northwest corner of a 5 foot wide right-of-way dedication ofsaid Phase 9 plat, being the most westerly southwest corner of the herein described 544.102 acre tract; THBNCr North 00° 32' 42" West, w 635.68 feet, pass the northeast corner of said Phasc 7 and the southeast corner of a called 3,590.912 acre tmut being described in instrument to TRT Land Investors LLC, recorded in Clerk File No. D221245221, O.P.R. I'.C.T., for a total distance of4,191.61 feet, to a found I "iron rod, for an interior corner of said 3,590.912 acre tract, being the most westerly northwest corner of the herein described 544.102 acre tract; 'MENcr North 890 27' 33" Cast, 3,179.57 feet, to a found 1" n'on rod, for a southeast corner of said 3,590.912 acre tract, being an interior corner of the herein described 544.102 acre tract; THENCE North 000 31' 29" West, 722.61 feet, witty an east tine of said 3,590.912 acre tract, to a found 5/8" capped iron rod, for a southwest corner of a 191.349 acre tract described in instrument to PMB Ventana Devctoper South LLC, recorded in Clerk Fife No. D221026481, 0.P.R.T.C.T., being the most northerly northwest corner of the herein described 544.102 acre tract; TIIENCE with the south line of said 191.349 acre tract the following 5 courses and distances North 89° 28' 43" East, 444.30 feet to a found 5/8" capped Iron rod, for a northeast corner of the Herein described 544.102 acre tract; South 24° 55' 44" East, 164.18 feet, to a found 5/8" iron rod, for an angle coiner of the herein described 544.102 acre tract; South 07° 04' 50" Cast, 246.67 feet, to a found 5/8" capped iron rod, for an interior corner of the herein described 544.102 acre tract; North 89' 59' 55" East, 628.69 feet, to a found 5/8" iron rod, for an angle corner of the herein described 544.102 acre tract; North Or 24' 17" East, 780.09 feet, to a found 5/8" capped iron rocs, for a southeast corner of said 191.349 acre tract, for an angle corner of a called 166.267 acre tract described in instrument to S3 Bryant Irvin Commercial Development 1Y, recorded in Clerk Pile No. D220341076 O.P.R.T.C.T„ being the roost easterly northeast corner of the herein described 544.102 acre tract; THENCE with the west line of said 166.267 acre tract the following 6 courses and distances: South I I° 53' I3" East, 682.99 Feet, to a found 5/8" capped iron rod, for an angle corner of the herein described 544.102 acre tract; 017420,000001A856.9647.7783A Ordinance Designating Tax Increment Reinvestment Zone lNumber Hfteen, Ordinance No. 26420-09-2023 City of Fort Worth, 'Texas Page 20 of l ti South 18' 04'36" East, 942.41 feet, to a round 518" capped iron rod, for an angle corner of the herein described 544.102 acre tract; South 04' 52' 20" Fast, 1,128.95 feet, to a round 518" capped iron rod, for an angle corner of the herein described 544.102 acre tract; South 08' 00' 46" West, 448.73 feet, to a found 5/8" capped iron rod, for an angle corner of the herein described 544.102 acre tract; South 46' 59' 45" West, 468.39 feet, to a found 518" iron rod, for an interior corner of the herein described 543.972 acre tract; South 42' 39' 27" Bast, 1,018.66 feet, to a found 518 iron rod on the north tight -of -way of said U.S. Highway 377 South, for the southwest corner of said 166.267 acre tract, being tic most southerly southeast corner of the herein describes! 544.102 acre tract; ITTFNCE South 47' 58' 02" West, 1,578.66 feet, with the notch right-of-way of said U.S. Highway 377 South, to the POINT OF BEGINNING and containing 544.102 acres. 7'trrel2 (166.267Acjeaj: BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE T. & N.O. R.R. COMPANY SURVEY, ABSTRACT NUMBER 1565, THE G.H. & H. R.R. COMPANY SURVEY, ABSTRACT NUMBER 624, 111E T,D. FINLEY SURVEY, ABSTRACT NUMBER I901, TI-IF T.r. ROGERS SURVEY, ABSTRACT NUMBER 1357 AND THE ELIZA13ETI-I LAU014STON SURVEY, ABSTRACT NUMBER 988, TARRANT COUNTY, TEXAS AND BEING ALL OF THAT TRACT OF 1,ANDDESCRIBED BY DEED TO S3 BRYANT IRVIN COMMERCIAL DEVELOPMENT', LP, RECORDED 1N INSTRUMENT NUMBER D204I59103, COUNTY RECORDS, TARRANT COUNTY, TEXAS AND BEING MORE PAR'I'1CULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BE,OINNING AT A I INCH IRON ROD FOUND AT THE SOUTHEAST CORNER OF SAID S3 BRYANT IRVIN TRACT AND THE SOUTHWEST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED TO FORT WORTH INDEPENDENT SCHOOL DISTIUCF, RECORDED IN INSTRUMENT NUMBER D219257699, SAID COUNTY RECORDS, AND BEING IN THE NORTH LINE OF U.S. HIGHWAY 377 SOUTH, (BENBROOK BOULEVARD) (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE ALONG THE NORTH LINE OF SAID U.S. HIGHWAY 377 AS FOLLOWS: S 47°29'38"W, 1223.57 FF EIT 1'O A I INCH IRON FOUND; S 47058' €2"W, 198.52 FEET TO A 518 INCH IRON FOUND AT THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID SJ BRYANT IRVIN TRACT AND AN EAST LINE OF A TRACT OF LAND DESCRIBED BY DEED TO JOHNNY HAMPTON (BUD) VINSON Il AND CHERYL R. VINSON, RECORDED IN INSTRUMENT NUMBER D204159I03, SAID COUNTY RECORDS; 017420,00000N856.9647.7783.v3 Ordinance Designating Tax Inercmcat Reinvestment Zone Number Fifteen, Ordinance No, 26420-09-2023 City of Dort Worth, 'Texas Page 21 of 16 THENCE ALONG THE COMMON LINE OF SAID SI BRYANT IRVIN AND VINSON TIUCTS AS FOLLOWS: N 42'39'25"W, 1018.88 ITET" I'O A 518 INCH IRON FOUND; N 46059'45"E, 468.50 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED "PELOTON" FOUND; N 08600'48"E, 448.79 FEET TO A 518 INCH IRON WITH PLASTIC CAP STAMPED "PIEI.OTON" FOUND; N 04052'37"W, 1129.24 FEET TO A 5/8 INCH IRON WITH PLAS'CIC CAP STAMPED "PELOTON" FOUND; N 18*04'00"W, 942.35 FEET TO A 518 INCH IRON WITH PLASTIC CAP STAMPED "PELOTON" POUND; TIIENCE N I 1°53'46"W, 683.I2 FEET TO A 519 INCII IRON WITH PLASTIC CAP STAMPED "PELOTON" FOUND IN THE SOUTH LINE OF THAT TRACT OF LAND DESCRIBED BY DEED TO PMB VENTANA DEVELOPER SOUTH LLC, RECORDED IN INSTRUMENT NUMBER D22I026481, SAID COUNTY RECORDS; THENCE WITH TIME SOUTH LINE OF SAID PMB VENTANA TRACT" I'HE FOLLOWING BEARINGS AND DISTANCES; N 32�46' 13"W, 102.86 FEET TO A 518 INCH IRON FOUND; N 14057' 15"E, 122.72 FEET TO A 518 INCH IRON FOUND; N 46056'14"E, PASSING THE SOUrnwEST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED TO PMB VENTANA SFR 1A RECORDED IN INSTRUMENT NUMBER D221318474, SAID COUNTY RECORDS, CONTINUING IN ALL A DISTANCE OF 1061.62 FEET TO A 5/9 INCH IRON WITH PLASTIC CAP STAMPED "PELOTON" SE'C; THENCE N 89038'04"E, ALONG THE SOUTH LINE OF SAID PMB VENTANA SFR TRACT, PASSING ITS SOUTHEAST CORNER, PASSING A REMAINING SOUTHWEST AND SOUTHEAST CORNER OF THATTRACT OF LAND DESCRIBED BY DEED TO PB LONG TERM HOLD 2, LP, RECORDED 1N INSTRUMENT NUMBER D217119099, SAID COUNTY RECORDS, PASSING THE SOUTHWESTCORNER OF T'HA'I T'RACI' OF LAND DESCRIBE€] BY DEED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT, RECORDED IN INSTRUMENT NUMBER D219228097, SAID COUNTY RECORDS, CONTINUING IN ALL A DISTANCE OF 1085.42 FEET TO A 518 INCH IRON WITH PLASTIC CAP STAMPED "JACOBS" FOUND AT THE SOUTHEAST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED TO PB VENTANA I, LLC, RECORDED 1N INSTRUMENT NUMBER D217119095, SAID COUNTY RECORDS, BEING IN THE WEST LINE OF LOT 2, BLOCK A, WHITFSTONE GOLF COURSE ADDITION, AN ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY, TEXAS, ACCORDING TO THE PLAT RECORDED IN CABINET A, SLIDE 5082, SAID COUNTY RECORDS; 017420.000001\4856.9647a783.c3 Ordinance Designating Tax Inerement Reinvestment Zone Numbcr Fifteen, Ordinance No. 26420-09-2023 Cily of Fort Worth, Texas Page 22 of 16 THENCE S. 00022'00"E, 4180.05 FELT, WITH THE COMMON LINE OF SAID SJ BRYAN1. IRVIN TRACT AND SAID LOT 2, TO THE POINT OF BEGINNING AND CONTAINING 7,242,578 SQUARE FEET OR 166.267 ACRES OF LAND MORE OR LESS. 017420.0 00 0 0 F \4856-964 7.7983. a3 Ordinanec Designating Tax Increment Reinvestment "bone Number Fifteen, Ordinance No. 2G420-09-2023 City of fort Worth, Texas Page 23 of 16 The Metes and Rounds Description of the ICT3 Property PMB 120 buid LP Pronerty (422.973 Acres) Tract 1(18.47'6 Acres): BEING A TRACT OF LAND SITUATED 1N THE HEIRS OF NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229, CITY OPFORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF THAT TRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILENO, D212104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS. BEGINNING AT A 518.INCII IRON ROD SET WITH CAP STAMPED "L]A SURVEYING" (HEREIN AFTER REFERRED TO AS A "518-INCH IRON ROD SET") ON THE EAST RIGHT- OF-WAY LINE OF R.M. HIGHWAY NO.2971 (A VARIABLE-WID'14 RIGIIT-OF-WAY) FOR THE SOUTHWEST CORNER OF A TRACT OF LAND DESCRIBED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT BY DEED RECORDED IN COUNTY CLERK FILE NO. D219293163 OF SAID OFFICIAL PUBLIC RECORDS, FROM WHICH A 3-INCH METAL POST FOUND FOR THE WESTERN -MOST SOUTHWEST CORNER OF SAID ROCKBROOIC TRACT BEARS SOUTH 00020' I0" EAST, 452.00 FEET; THENCE NORTH 89939'50" EAST, WITH THE SOUTH LINE OF SAID PORT WORTII INDEPENDENT SCHOOL DISTRICT TRACT, A DISTANCE OF 653.00 FEET TO A 518-INCH IRON ROD SET FOR THE SOUTHEAST CORNER OF SAME; THENCE OVER AND ACROSS SAID ROCKBROOK. TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 00020' 10" EAST, A DISTANCE OF 15.09 FEET TO A 518-INCH IRON ROD SET; NORTH 89°40' 18" EAST, A DISTANCE OF 564.89 FEET TO A 5/8-INCH IRON ROD SE"I' FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 345.00 FEET AND A CHORD THAT BEARS SOUTH 83900-53" EAST, 87.84 FEET; f WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 14037-38", AN ARC -DISTANCE OF 88.08 FEET TO A 518-INCH IRON ROD SET FOR THE BEGINNING OF A REVERSE CURVE TO THE LEFT HAVING A RADIUS OF 2,525.00 FEET AND A CHORD THAT BEARS SOUTH 14023'46" WEST, 572.22 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 13000'45",Aid ARC -DISTANCE OF 573.45 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 07°53'24" WEST, A DISTANCE OF 176.83 FEET TO A 518-INCH IRON ROD SET ON nm SOUTH LINF. OF SAID ROCKBROOK TRACT IN THE RIGHT-OF-WAY OF ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY); TI-IENCENORTH 82043'59" WEST, ALONG SAID RIGHT-OF-WAY AND WITH SAID SOU'ri-i LINE, A DISTANCE OF 1,044.56 FEET TO A 518-INCII IRON ROD SET; 017420A00001\4856.9647.7783.v3 Ordinance Designating'ITax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, Texas Page 24 of 16 TI IENCE NORTH 00017'50" WEST, WITH THE WEST LINE OF SAID ROCKBROOK TRACT, A DISTANCE OF 50.38 FEET TO A 5/8-INCH IRON ROD SET; THENCENORTH 4I012-58" WEST, CONTINUING WITH SAID WEST LINE, A DISTANCE OF 151.04 FEET TO A 5/8-INCH IRON ROD SET ON THE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO.2871; THENCE NORTH 00020' I0" WEST, WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 452.00 FHETTO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 18.476 ACRES (804,827 SQ. FEET), OF LAND. Trucf 2 (79.586Acres): BEING A TRACT OF LAND SITUATED IN THE G.H.& H.R. RR. CO. SURVEY, ABSTRACT NO.623, CITY OF FORT WORTH, TARRANT COUNTY,'I LXAS, AND BEING A PORTION OF THAT TRACT OF LAND DESCIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED 1N COUNTY CLERK FILE NO. D2I2104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 518-INCH IRON ROD SET WITH CAP STAMPED "LJA SURVEYING" (HEREIN AFTER REFERRED TO AS A "518-INCH IRON ROD SET") ON THE FAST RIGHT- OF-WAY LINE OF R.M. HIGHWAY NO.2871 (A VARIABLE -WIDTH RIG91'-OF-WAY), FROM WHICH A 5J8-INCH IRON ROD FOUND FOR THE WESTERN -MOST NORTHWESTCORNER OF SAID ROCKBROOK TRACT BEARS NORTH 00°2D' 10" WEST, 2250.34 FEET; THENCE OVER AND ACROSS SAID ROCKBROOK TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 89039'50" EAST, A DISTANCE OF 102.79 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00 FEET AND A CHORD THAT BEARS SOUTH 87°23'47" EAST, 79.49 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 05-52'46", AN ARC -DISTANCE OF 79.53 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 84027'24" EAST, A DISTANCE OF 354.00 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 775.00 FEET AND A CHORD THAT BEARS NORTH 86013'56" EAST, 250.78 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF IV37'20", AN ARC -DISTANCE OF 251.89 FEET TO A 5/8-[NCH IRON ROD SET; NORTH 76055' 16" EAST, A DISTANCE OF 132.30 FEET TO A 5/8-INCH [RON ROD SET; 017420.000nD1U856-9647-7783.0 Ordinance Designating Tax Increment Reinvestment ZoneNumber Fifteen, Ordinance No. 26420-09-2023 City of bait Worth, Tcxas Page 25 of 16 SOUTH 13004'44" EAST', A DISTANCE OF I 12.28 FEET TO A 5/8-INCH IRON ROD SET I -OR THE BEGINNING OF A CURVETO THE LEFT HAVING A RADIUS OF 1,775.00 FEET- AND A CHORD THAT BEARS SOUTH 17°40'43" EAST, 284.69 FEET; WITH SAID CURVE 1'0 THE LEFT, THROUGH A CENTRAL ANGLE OF 09-11'58", AN ARC -DISTANCE OF 285.00 FEET TO A 518-INCH IRON ROD SET; NORTH 57039'49" EAST, A DISTANCE OF 25.40 FEET 1'0 A 518-INCH IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT' CURVC TO THP, LEFT HAVING A RADIUS OF €,750.00 FEET AND A CHORD THAT BEARS SOUTH 2V24'58" EAST, 261.39 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 08-33,58", AN ARC -DISTANCE OF 261.64 FEET TO A 5/9-INCH IRON ROD SET; SOUTH 57039'49" WEST, A DISTANCE OF 375.64 FEETTO A 518-INCII IRON ROD SET FOR THE BEGINNING OF A CURVE TO T14E RIGHT HAVING A RADIUS OF 275.00 FEET AND A CHORD THAT BEARS SOUTH 73008' 18" WEST, 146.75 FEET; WITH SAID CURVE TO THE FLIGHT, THROUGH A CENTRAL ANGLE 01` 30°56'58", AN ARC -DISTANCE OF 148.55 FEETTO A 5/8-INCH IRON ROD SET; SOUTH 89036'29" WEST, A DISTANCE OF 47.53 FEETTO A 5/8-INCH IRON ROD SET; SOUTH 00'20' 10" EAST, A DISTANCE OF 50.00 FEET TO A 518-INCH IRON ROD SET FOR THE- NORTHEAST CORNER OF A TRACT OF LAND DESCRIBED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT BY DEED RECORDED IN COUNTY CLERK FILE NO. D2I9293163 OF SAID OFFICIAL PUBLIC RECORDS; THENCE. SOUTH 89039'50" WEST, WITH THE NORTH LINE. OF SAID FORT WORTH INDFPF..NDFNT SCHOOL DISTRICT TRACT, A DISTANCE OF 653.00 FEET TO A 5/8-INCI4 IRON ROD SET ONTHE HE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO. 2971; THENCE NORTH 00020'10" WEST, WITH SAID R€GH'1'-OF-WAY LINE, A DISTANCE OF 889.59 FFETTO THE POINTOF BEGINNING AND CONTAINING A CALCULATED AREA OF 19.586 ACRES (853,160 SQ. FEET), OF LAND. Two 3 (126. 467 Acres): BEING A TRACT OF LAND SITUATED IN THE JAMES F. ELLIOT SURVEY, ABSTRACT NO. 494, MCKINNEY & WILLIAMS SURVEY, ABSTRACT NO. I117; DAN H. DIXON SURVEY, ABSTRACT NO. 442; HEIRS OF NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229 AND THE G.H.& H.R. RR. CO. SURVEY, ABSTRACT NO.623, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF THAT TRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO. D212104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE I'AR'C€CULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: 0174 OM 000114856.9647-7783A Ordinance (Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26428-09-2023 City ofForl Worth, Texas Page 26 of 16 BEGINNING AT A 518-INCTI IRON ROD SET WIT11 CAP STAMPED "LJA SURVEYING" (HFRFJN AFTER REFERREDTO AS A "518-INCH IRON ROD SL'•'I"') IN TIIE RIGHT-OF-WAY OF ALEDO ROAD (A VARIABLE W]URT RIGHT•OF-WAY} FOIL THE SOUTH COMMON CORNER OF SAID ROCKBROOK TRACT AND A TRACT OF LAND DESCRIBED TO H V LUDTE PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLEIM FIIA-: NO. D207134657 OF SAID OFFICIAL PUBLIC RECORDS; THENCE WITH THE SOUTH LINE OF SAID ROCKBROOK TRACT, GENERALLY ALONG THE RIGI IT -OF -WAY OF ALEDO ROAD,'1 HE FOLLOWING COURSES AND DWrANCES: SOUTH 81016'01" WEST, A DISTANCE OF 166.41 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 83016'0€" WEST, A DISTANCE OF 199.79 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 85016'01" WEST, A DISTANCE OF 199.79 FEET TO A 518-INCH IRON ROD SET; SOUTH 8703I'41" WEST, A DISTANCE OF 199.79 FEET TO A 5/8-INCH IRON ROD SET; THENCE OVER AND ACROSS SAID ROCKBROOK TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH, A DISTANCE OF 430.12 FEET TO A 518-INCH IRON ROD SET; NORTH 61°30'00" WEST, A DISTANCE OF 820.33 FEET TO A 5/8-INCH IRON ROD SET; NORTH 01020'58" EAST, A DISTANCE OF 129.06 FEET TO A 518-INCH IRON ROD SET; NORTH 20052'18" WEST, A DISTANCE OF 655.52 FEET TO A 518-INCH IRON ROD SET; SOUTH 5I °24'33" WEST, A DISTANCE OF 49.40 FEET TO A 518-INCH IRON ROD SET; SOUTH 50030'38" WEST, A DISTANCE OF 140.39 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 50030'38" WEST, A DISTANCE OF 206.25 FEETTO A 518-INCI.1 IRON ROD SET; NORTH 43015'38" WEST, A DISTANCE OF 246.81 FEET TO A 518-INC14 IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 1,145.00 FEET, AND A CHORD TRKI' BEARS NORTH 48°32'49" WEST, 211.00 FEET; 0114MOWN 1\4856.9647.7783.0 Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, 'Texas Page 27 of 16 WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 10°34'24", AN ARC-DISTANCF OF 211.30 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 36009'59" WEST, A DISTANCE OF 95.00 FEET TO A 5/8-INCH IRON ROT] SET FOR THr BEGIWNG OF A NON -TANGENT CURVE TO THE LEFT, HAVING A RADIUS OF 1,050.00 FEET, AND A CHORD THAT BEARS NORTH 54-42'40" WEST, 32.1 d FEET; WITH SAID CURVETO T'HE LEFT, THROUGH A CENTRAL ANGLE OF 0I*45' 18", AN ARC-DISTANCL OF 32.16 FELT TO A 5/8-INCH IRON ROD SET'; NORT14 55035'19" WEST, A DISTANCE OF 325.90 FISLT TO A 519-INCH IRON ROD SET; NORTH 55035' 19" WEST, A DISTANCE OF 111.70 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CARVE TO TFIE RIGI•IT, ,HAVING A RADIUS OF 1,675.00 FEET, AND A CHORD THAT BEARS NORTH 34°20'02" WEST, 1,214.43 FEET WITH SAID CURVE TO THE RIG] IT, THROUGH A CENTRAL ANGLE OF 42030'35", AN ARC -DISTANCE OF 1,242.74 FEET TO A 518-INCH IRON ROD SET, NORTH 13604'44" WEST, A DISTANCE OF 52.46 FEET TO A 518-INCH IRON ROD SET; EAST, A DISTANCE OF 3,385.27 FEET TO A 5/8-INCH IRON ROD SET ON THE COMMON LINE OF SAID ROCKBROOK AND H V LUDIE TRACTS; THENCE WITH SAID COMMON LINE,, THE FOLLOWING COURSES AND DISTANCES: SOUTH 28031'58" EAST, A DISTANCE OF 927.45 FEETTO A 5/8-INCH IRON ROD SET; SOUTH 61028'02" WEST, A DISTANCE OF 1,248.67 FEET TO A 5/9-INCH IRON ROD SET; SOUTH 2803I'58" EAST, A DISTANCE OF I,591.35 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 125.467 ACRES (5,508,913 SQ. FEET), OF LAND. Traci 4 (258.444 Acres): BEING A TRACT OF LAND SITUATED IN THE MCKINNEY &s WILLIAMS SURVEY, ABSTRACT NO. I 117; JAMES F. ELLIOT SURVEY, ABSTRACTNO.495 AND THE G.H.& I-I.R. RR. CO. SURVEY, ABSTRACT NO. 623, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING ALL THAT TRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERIC FILE NO. D212104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED 13Y METES AND BOUNDS AS FOLLOWS: 017420.00001) R4856•9647-7783.0 Ordinance Designating l'ax Increment Reinvestment 'Lone Number Fificen, Ordinance No. 26420-09-2023 City of Fort Worth, Texas Page 28 of 16 BEGINNING AT A 5/8-INCH IRON ROD FOUND ON THE EAST FIGHT -OF -WAY LINE OF R.M. HIGHWAY NO. 2871 (A VARIABLE-WID'1'fi RIGHT-OF-WAY) FOR THE WESTLRN- MOS3' NORTH WEST CORNER OF SAID ROCKBROOK TRACT; THENCE NORTH 37050'50" EASI', WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 190.19 FEET TO A 5/8-INCH IRON ROD FOUND ON THE SOUTH RIGHT-OF-WAY LINE OFINTERSTATE" HIGHWAY NO. 20 (A VARIABLE -WIDTH RIGHT-OF-WAY); THENCE WITH SAID SOUTH RIGHT-OF•WAY LINE, THE FOLLOWING COURSES AND DISTANCES: NORTH 84023' 12" EAST, A DISTANCE OF 479.03 FEET TO A TXDOT MONUMENT FOUND; NORTH 79042' 12" EAST, A DISTANCE OF 484.19 FEET TO A TXDOT MONUMENT FOUND; NORTH 78040' I2" EAST, A DISTANCE OF 564.65 FEET TO A TXDOT MONUMENT FOUND; NORTH 76"25' 12" PAST, A DISTANCE OF 650.69 FEET TO A TXDOT MONUMENT FOUND; NORTH 76"02' 12" EAST, A DISTANCE OF 1,515.45 FEET TO A 5/8-INC14 IRON ROD SET WITH CAP STAMPED "LIA SURVEYING" (HEREIN AFTER REFERRED TO AS A "5/8-INCH IRON ROD SET"); SOUTH 84040'48" EAST, A DISTANCE. OF 105.94 FEET TO A TXDOT MONUMENT FOUND; NORU'H 76005'00" LAST, A DISTANCE OF 579.82 FEET TO A TXDOT MONUMENT FOUND; SOUTH 27"40'00" EASi', A DISTANCE OF 161,05 FEET TO A TXDOT MONUMENT FOUND; NORTH 6 T'28'02" EAST, A DISTANCE OF 39,96 FEET TO A 518-INCII IRON ROD SET FOR THENO1t1 H COMMON CORNER OF SAID ROCKBROOK TRACTAND A TRACT OF LAND DESCRIBED TO H V LUDIE PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO. D207I34657 OF SAID OFFICIAL PUBLIC RECORDS; THENCE WITH THE COMMON LINE OF SAID ROCKBROOK AND II V LUDIE TRACTS, THE FOLLOWING COURSES AND DISTANCES: SOUTH 28031'58" EAST, A DISTANCE OF 656.01 FEET TO A 5/8-INCH IRON ROD SET; SOUTI-i 6€028'02" WEST, A DISTANCE OF 1,598.30 FEET TO A 5/9-INCH IRON ROD SET; 0 17420.0 0000 M856.9647-7793.v3 Ordinance DesignatingTax Increment ReinvestIllent Lone Number Fifteen, Ordinance No. 26420-09-2023 City of fort Worth, Texas Page 29 of 16 SOUTH 28031'58" FAST, A DISTANCE OF 2,112.59 FEET TO A 5/8-INCH IRON ROD SET; THENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES AND DISTANCES: WEST, A DISTANCE OF 3,385.27 FEET TO A 518-INCH IRON ROD SET; THENCENORTH 13004'44" WEST, A DISTANC:E OF 2I9.82 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 76055' 16" WEST, A DISTANCE OF 31.44 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 725.00 FEET AND A CHORD THAT BEARS SOUTH 99918' 12" WEST, 3I0.93 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 24-45,52", AN ARC -DISTANCE OF 313.36 FEET TO A 518-INCH IRON ROD SET; NORTH 78018'52" WEST, A DISTANCE OF 17.16 FEET TO A 5/8-INCH IRON ROE) SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 775.00 FEET AND A CHORD THAT BEARS NORTH 88037'50" WEST, 277.57 Fi BT; WITH SAID CURVE TO T1lE LEF Ii ,THROUGH A CENTRAL ANGLE OF 20°37'56", AN ARC -DISTANCE OF 279.08 FEET TO A 518-INCH IRON ROD SET; SOUTH 81°03' 12" WEST, A DISTANCE OF 11 E83 FEETTO A 5/8-INCH IRON ROD SET FOR TFIB BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 725.00 FEET AND A CHORD "IbliK' BEARS SOUTH 85°21'31" WEST, 108.85 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 08°36'38", AN ARC -DISTANCE OF I08.96 FEET TO A 5/9-INCH IRON ROD SET; SOUTH 89'39'50" WEST, A DISTANCE OF I21.01 FEET TO A 518-INCI•I IRON ROD SET ON THE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO. 2871; THENCE NORTH 00020'10" WEST, A DISTANCE OF 2,090,34 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 259.444 ACRES (11,257,820 SQ. FEET), OF LAND. PMB Team Raneh Revco LLC Property (93,857 Acres) BEING A TRACT OF LAND SITUATED IN THE DAN H. DIXON SURVEY, ABSTRACT NO. 442; HEIRS OF NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229 AND THE G.H.& H.R. RR, CO. SURVEY, ABSTRACT NO. 623, CITY OF PORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF THATTRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED 1N COUNTY CLERK FILE NO. D212104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT- COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: 017420.00DOO"4856.9647-7781A Ordinance Designating Tax Increment Reinvestment 'Lone N1uniber Fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, Texas Page 30 of 16 BEGINNING AT A 518-;NCH IRON ROD SET WITH CAP STAMPED "LJA SURVEYING" (HEREIN AFTER REI'ERRED TO AS A "518-INCH IRON ROD SET") ON THE EAST RIGHT- OF-WAY LINS OF R.M. HIGHWAY NO.2871 (A VARIABLE -WIDTH RIGHT-OF-WAY), FROM WHICH A 5/8-INCH IRON ROD FOUND FOR TI1C WESTERN -MOST NORTHWEST CORNER OF SAID ROCKBROOK TRACT BEARS NORTH 0002010" WEST, 2090.34 FEET; THENCE OVER AND ACROSS SAID ROCKBROOK TRACT TI•IE FOLLOWING COURSES AND DISTANCES: NORTH 89039'50" EAST, A DISTANCE OF 121.01 FEET 1.0 A 5/8-;NCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 725.00 FEET AND A CHORD THAT BEARS NORT14 8502111" EAST, 108.85 FEET; WITH SAID CURVE TO THE LEFT, TAROUGI I A CENTRAL ANGLE OF 08-36-38", AN ARC -DISTANCE OF 109.96 FEET TO A 518-INCFI IRON ROD SET; NORTH 81003' 12" EAST, A DISTANCE OF 1 11.83 FEET TO A 518-INCH IRON ROD SE'1 FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00 FEET AND A CHORD THAT BEARS SOUTH 88°37'50" EAST, 277.57 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 2W37'56", AN ARC -DISTANCE OF 279.08 FEET TO A 518-INCH IRON ROD SET; SOUTH 78018'52" EAST, A DISTANCE OF 17.I6 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 725.00 FEET AND A CHORD THAT BEARS NORTH 89'18' 12" EAST, 310.93 FEET; WITH SAID CURVE TO THE LEFT, T14ROUGH A CENTRAL ANGLE Of 24°45'52", AN ARC -DISTANCE OF 313.36 FEET TO A 518-INC14 IRON ROD SET; NORTH 76055' 16" BAST, A DISTANCE OF 31.44 FEEI' TO A 5/8-INCH IRON ROD SET; SOUTH 13004'44" EAST, A DISTANCE OF 272.28 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 1,675.00 FEET AND A C14ORD THAT BEARS SOUTH 34020'02" EAST, 1,214.43 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 42.30- 35", AN ARC -DISTANCE OF 1,242.74 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 55035' 19" EAST, A DISTANCE OF 437.61 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 1,050.00 FEET AND A CHORD THAT BEARS SOUTH 54042'40" EAST, 3116 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 01-45'I8", AN ARC -DISTANCE OF 32.16 FEET TO A 518-INCH IRON ROD SET; NORTH 36009'59" EAST, A DISTANCE OF 95.00 FEET TO A 518-INCH IRON ROD SET FOR THIS BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A 017420.000001A856-9647.77810 Ordinance Designating Tar: Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, Tcxas Page 31 of 16 RADIUS OF 1,145.00 FEET AND A CHORD THAT BEARS SOUTH 48-32'49" EAST, 211.00 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 10°34'24", AN ARC -DISTANCE. OF 211.30 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 43' 15'38" EAST, A DISTANCE OF 246.91 FEET TO A 518-INCH IRON ROD SE -I; NORTH 50630'38" EAST, A DISTANCE OF 346.65 FEET TO A 5/8-INCH IRON ROD SET; NORTH 51"24'33" FAST, A DISTANCE OF 49.40 FEET TO A 518-)NCH IRON ROD SET; SOUTH 20052' 18" EAST, A DISTANCE OF 655.52 FEETTO A 5/8-INCH IRON ROC] SET; SOUTH 01020'58" WEST, A DISTANCE OF 129.06 FEET TO A 5/8-INCH IKON ROD SET; SOUTH 61°30'00" EAST, A DISTANCE OF 820.33 FEETTO A 518.1NCH IRON ROD SET; SOUTH A DISTANCE OF 430.12 FEETTO A MAC -NAIL SET ON THE SOUTH LINE OF SAID ROCKBROOK TRACT IN THE RIGHT-OF-WAY OF ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY); TIIENCE ALONG SAID RIGHT-OF-WAY AND WITH SAID SOUTH LINE, THE FOLLOWING COURSES AND DISTANCES; SOUTH 89016'0I" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET; NORTH 88028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET; NORTH 86028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET; NORTH 84028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NA11, SET; NORTH 82958'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET; NORTH 82°43'59" WEST, A DISTANCE OF 1,616.86 FEET 1.0 A MAG•NAIL SET; THENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES AND DISTANCES: NORTH 07°53'24" EAST, A DISTANCE OF 176.83 FEET TO A 518-INCH IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 2,525.00 FEET AND A CHORD THAT BEARS NORTH 14023'46" EAST, 572.22 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF I3°00'45", AN ARC -DISTANCE OF 573.45 FEET TO A 518-INCH IRON ROD SET FOR THE 017420.00000 R4856.9647-7783A Ordinance Designating `Fax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort worth, 'Texas Page 32 of 16 BEGINNING OF A REVERSE CURVE TO THE LEFT 14AVING A RADIUS OF 345.00 FEET AND A CHORD THAT HEARS NORTH 83000'53" WEST, 87.84 FEET; WITH SA ID CURV E TO THE LEFT, THROUGH A CENTRAL ANGLE OF 14°37'38", AN ARC -DISTANCE OF 88.08 FEET TO A 5/8-€NCI-I IRON ROD SET; SOUTH 8904018" WEST, A DISTANCE OF 564.89 FEET 1-0 A 5l8-1NCII IRON ROD SET; NORTH 00020' I0" WEST, PASSING THE SOUTHEAST CORNER OF A TRACT OF LAND DESCRIBED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT BY DEED RECORDED IN COUNTY CLERIC FILE NO. D219293163 OF SAID OFFICIAL PUBLIC RECORDS AT I5.09 FEET AND THE NORTHEASTCORNER OF SAME TRACT AT 1015.09 FEET, AND CONTINUING A TOTAL DISTANCE OF I,065.09 FEETTO A 518- INCH IRON ROD SET; NORTH 89036'29" EAST, A DISTANCE OF 47.53 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT RAVING A RADIUS OF 275.00 FEET AND A CHORD THAT BEARS NORTH 73008'I8" EAST, 146.75 FEET; WITH SAID CURVE TO T€ll LEFT, THROUGH A CENTRAL ANGLE OF 30°56'58", AN ARC -DISTANCE OF 148.55 FEET TO A 5/9-INCH IRON ROD SET; NORTH 57039'49" EAST, A DISTANCE OF 375.64 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT 14AVING A RADIUS OF 1,750.00 FEET AND A CHORD THAT BEARS NORTH 26°24'58" WEST, 261.39 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 08°33'58", AN ARC -DISTANCE OF 26I.64 FEETTO A 5/8-INCH IRON ROD SE'T; SOUTH 57039'49" WEST, A DISTANCE OF 25.40 FEET TO A 5/8-INCH IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 15775.00 FEET AND A CHORD THAT BEARS NORTH 17°40'43" WEST, 284.69 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 09°l1'58", AN ARC -DISTANCE OF 285.00 FEET TO A 5/8-INCII IRON ROD SET; NORTH 13004'44" WEST, A DISTANCE OF 112.29 FEET TO A 518-INCH IRON ROD SET; SOUTH 76055'16" WEST, A DISTANCE OF 132.30 FEETTO A 518-INCH IRON ROD SET FOR TIME BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00 FEET AND A CHORD THAT BEARS SOUTH 86°13'56" WEST, 250.78 FEET; WIT14 SAID CURVE TO THE RTGHT, THROUGH A CENTRAL ANGLE OF 18°37'20", AN ARC -DISTANCE OF 25I.89 FEET TO A 518-INCH IRON ROD SET; 0t7420.000001\4856.9647.7793.r3 Ordinance Designating Tax Increment Reinvestment 7.nne Number Fifteen, Ordinance No. 26420-09-2023 Ciiy of Fort Worth, 'Texas Page 33 of 16 NORTH 84027'24" WEST, A DISTANCE OF 354.00 FEET TO A 5/8-INCH IRON ROD SET FOR T1IE BEGINNING OF A CURVE TO THE LEFT I IAVING A RADIUS OF 775.00 FEETAND A CHORD THAT BEARS NORTH 87023'47" WEST, 79.49 FEET; WITH SAID CURVE TO THE LEFT, THROUGH i A CENTRAL ANGLE OF 05°52'46", AN ARC -DISTANCE OF 79.53 FEET TO A 5/8-INCH IRON ROD SET; SOUTH 89°39'50" WEST, A DISTANCE OF 102.79 FEETTO A 5/8-INCH IRON ROD SET ON T13E EASTRIGHT-OF-WAY LINT; OF SAID R.M. HIGHWAY NO.2871, THENCE NORTH 00020' 10" WEST, WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 160.00 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 93.857 ACRES (4,088,425 SQ. FEET), OF LAND, PMB Veale Lane] Investors I LP Provertv (199.816 Acres) BEING A 199.816-ACRE TRACT OF LAND SITUATED IN THE S.A.& M.GA.R. CO. SURVEY, ABSTRACT NOS, 1479, 1903 & 1961, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF TRACT DESCRIBED TO IONA LAND L.P., ET AL BY DEED RECORDED IN COUNTY CLERIC FILE NO. D203145630 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8-INCH CAPPED IRON ROD STAMPED "LJA SURVEY" SET (HEREINAFTER RLFFERED TO AS AN IRON ROD SET) FOR CORNER ON THE EASTERLY LINE OF SAID IONA LAND TRACT, FROM WHICH A ]-INCH IRON ROD FOUND FOR REENTRANT CORNER OF SAME BEARS NORTH 00032'23" WEST, I,I79.42 FEET, SAID REFERENCED CORNER BEING THE NORTHWEST CORNER OF A TRACT OF LAND DESCRIBEED TO MERITAGE HOMES OF TEXAS, LLC BY DEED RECORDED IN COUNTY CLERK FILE NO. D218276312 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 00032'23" EAST, WITH SAID EASTERLY LINE, A DISTANCE OF 3,108.51 FEET TO AN IRON ROD SET FOR CORNER, FROM WHICH A I -INCH IRON ROD FOUND FOR THE EASTERNMOST SOUTHEAST CORNER OF SAID IONA LAND TRACT BEARS SOUTH 00032'23" EAST, 2,633.31 FEET; THENCE DEPARTING SAID EASTERLY LINE, OVER AND ACROSS SAID IONA LAND TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 60'58'38" WEST, A DISTANCE OF 1,652.39 FEET TO AN IRON ROD SET; NORTH 32-5I'50" WEST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET; NORTH 70059'09" WEST, A DISTANCE OF I,150.43 FEE]' TO AN IRON ROD SET; NORTH 12005' 12" WEST, A DISTANCE OF 1,072.30 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT" HAVING A RADIUS OF 3,740.45 FEET AND A CHORD THAT BEARS NORTH 68052'37" EAST, 597.00 FEET; t117420,000001 \4 856.9647.7793.0 Ordinance Designating Tax Increment Reinvestment 'Lone Number Fif cen, Ordinance No. 26420-09-2023 City of Fort Worth, 'Texas Page 34 of 16 WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 9°09' 16", AN ARC - DISTANCE OF 597.64 FEET TO AN IRON ROD SET; NORTH 15035'22" WEST, A DISTANCE OF 71.72 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A LION -TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 1,470.18 FEET AND A CHORD THAT SEARS NORTH 01042' I0" EAST, 836.77 FEET; WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLEOF 33°04'03", AN ARC - DISTANCE OF 848.49 FEET TO AN IRON ROD SET; NORTH 180 14'1I" EAST, A DISTANCE OF 570.35 FEET TO AN IRON ROD SET; NORTH A DISTANCE OF 565.15 FEET TO AN IRON ROD SET; NORTH 89033'04" EAST, A DISTANCE OF 2,143.52 FEETTO T14E POINT OF BEGINNING, AND CONTAINING A CALCULATED AREA OF 199.816 ACRES (8,704,001 SQ. FEET) OF LAND. TRT Land Investors LLC Pronerty (3.525.526 Acres) BEING A 3590.912-ACRE TRACT OF LAND SITUATED IN THE NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229, G.H & H. RR. CO. SURVEY, ABSTRACT NO.623, DAVID H. DIXON SURVEY, ABSTRACT NO.442, S.F. CO. SURVEY, ABSTRACT NO. 1844, D.T. FINLEY SURVEY, ABSTRACT NO. 1900, S.A. & M.G. RR. CO. SURVEY, ABSTRACT NOS. 1479, 1903 & 1961, T. & N.O. RR. CO. SURVEY, ABSTRACT NO. 1567, HENRY LANE SURVEY, ABSTRACT NO. 928, AND THE WILLIAM ROBINSON SURVEY, ABSTRACT NO. 1274, TARRANT COUNTY, TEXAS AND THE WILLIAM ROBINSON SURVEY, ABSTRACT NO, 1107, I. & G.N. RR. CO. SURVEY, ABSTRACT NOS. 1991, 2224 & 2002, NORMAN UNDERWOOD SURVEY, ABSTRACT NO. 1579 AND THE H. T. & B. RR. CO. SURVEY, ABSTRACT NO. 648, PARKER COUNTY, TEXAS, AND BEING A PORTION OF A TRACT DESCRIBED TO IONA LAND L.P., ET AL BY DEED RECORDED IN COUNTY CLERK FILE NO. D203145633 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS (O.P.R.T.C.T.), AND A PORTION OF A TRACT' DESCRIBED TO IONA EAST, LLC BY DEEDS RECORDED IN COUNTY CLERK FILE NOS. 13215081239 AND D2I5081241, O.P.R.T.C.T. AND ALL OF THOSE TRACTS OF LAND DESCRIBED TO WARD G. VEALE BY DEED RECORDED IN COUNTY CLERK FILE NOS. D207177762 AND D220247526, O.P.R.T.C.T. AND ALL OF THAT TRACT OF LAND DESCRIBED TO IONA LAND L.P. BY DEED RECORDED IN COUNTY CLERK FILE NO. D205124001, O.P.R.T.C.T., AND ALL OF THOSE TRACTS OF LAND DESCRIBED TO DAVID VEALE EKSTROM BY DEED RECORDED IN COUNTY CLERK FILE NOS. D205124000 AND D210289114, O.P.R.T.C.T., AND ALL OF THAT TRACT OF LAND DESCRIBED TO LUCILLE EKSTROM BY DEED RECORDED IN COUNTY CLERK FILENO. D205124002, O.P.R.T.C.T., AND ALL OF LOTS I AND 2, BLOCK 1, VENTANA PUMP STATION ADDITION AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D217023262, O.P.R.T.C.T. AND ALL THAT TRACT OF LAND DESCRIBED TO KAREN EKSTROM BROWN BY DEED RECORDED IN VOLUME 2776, PAGE 1201 OF THE OFFICIAL PUBLIC RECORDS OF PARKER COUNTY, TEXAS (O.P.R.P.C.T.) AND ALL THAT TRACT' OF LAND DESCRIBED TO SHAILAR W. BROWN BY DEED RECORDED IN VOLUME 2705, 017420,000001\4856.9647-7783.0 Ordinance Designating Tax Inclement Reinvestment Zone Number fifteen, Ordinance Ni o. 26420-09-2023 City aIFort Wo0h, Texas Page 35 of 16 PAGE 904, O.P.R.P.C.T., AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8-INCI•I IRON ROD FOUND AT THE INTERSECTION OF THE WEST RIGHT-OF-WAY LINE OF FARM TO MARKET 2971 (A VARIABLE WIDTH RIGHT-OF-WAY) AND THE SOUTH RIGHT-OF-WAY LINE OF THE UNION PACIFIC RAILROAD {A VARIABLE WIDTH i RIGHT-OF-WAY} FOR THE NORTHEAST CORNER OF SAID IONA EAST TRACT AND THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAVING A RADIUS OF 2,416.83 FEET, AND A CHORD THAT BEARS SOUTH 11035-04" EAST, 945.85 FEET; THENCE WITH SAID CURVE TO THE LEFT AND WEST RIGHT-OF-WAY I,TNE, THROUGH A CENTRAL ANGLE OF 22034'08", AN ARC -DISTANCE. OF 951.99 FEET TO A 112-INCH CAPPED IRON ROD FOUND STAMPED "LANDES ASSOCIATES" FORTHENORTH CORNER OF LOT 1, BLOCK 1, BENBROOK CHRIS'rIAN FELLOWSHIP SUBDIVISION, AN ADDITION TO THE CITY OF FORT WORTH, TEXAS AS 8140WN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D205347812 OF SAID OFFICI AT, PUBLIC RECORDS; THENCE WITH THE NORTHWESTERLY LINE OF SAID BENBROOK CHRISTIAN FELLOWSHIP ADDITION, THE FOLLOWING COURSES AND DISTANCES: SOUTH 64027'52" WEST, A DISTANCE OF 475.19 FEET TO A BENT 1/2-INCH IRON ROD POUND; SOUTH 47056'03" WEST, A DISTANCE OF 221.98 FEET TO A V2-INCH CAPPED IRON ROD STAMPED "WIER ASSOCIATES" FOUND; SOUTH 31020'39" WEST, A DISTANCE OF 625.38 FF-Fr TO A 112-INCH CAPPED IRON ROD STAMPED "WIER ASSOCIATES" FOUND FOR TI IE SOUTHWEST CORNER OF SAID BENBROOK CHRISTIAN FELLOWSHIP ADDITION ON THE NORTH LINE OF LOT 1, BLOCK 1, BENBROOK WATER AND SEWER AU'I.1-IORITY TANK SITE, AS SHOWN BY PLAI' RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 89038'34" WEST, WITH SAID NORTH LINE, A DISTANCF. OF 597.69 FEET TO A 5184NCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID BENBROOK WATER AND SEWER AUTHORITY TANK SITE; THENCE SOUTH 0103611" WEST, WITH THE WEST LINE OF SAID BF:NBROOK WATER AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FEET TO A I12-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF LOT 31X, BLOCK 8, VENTANA, PHASE 1 AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D217078339 OF SAID OFFICIAL PUBLIC: RECORDS; THENCE SOUTH 89026'43" WEST, WITH THE EASTERLY LINE. OF SAID IONA LAND L.P., ET AL TRACT, A DISTANCE OF 3,712.76 FEET TO A I -INCH IRON ROD FOUND FOR REENTRANT CORNER AT THE NORTHWEST CORNER OF A TRACT OF LAND DESCRIBED TO MERITAGE HOMES OF TEXAS, LLC BY DEED RECORDED IN COUNTY CLERK FILE NO. D218276312 OF SAID OFFICIAL PUBLIC RECORDS; 017420AD000114856-9647-7781,0 Ordinance Designating Tax Increment Reinvestment Zone Number Fifteen, Ordinance No. 26420-09-2023 City of Fort Worth, 'texas Page 36 of'] 6 THENCE SOUTH 00932'23" EAST, CONTINUING WITH THE EASTERLY LINE OF SAID IONA LAND TRACT, A DISTANCE OF 1,179,42 FEET TO A 5/8-INCII CAPPED IRON ROD STAMPED "LJA SURVEY" SET (HEREINAFTER REFFERED TO AS AN IRON ROD SET); THENCE DEPARTING SAID EASTERLY LINE, OVER AND ACROSS SAID IONA LAND TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 89033'04" WEST, A DISTANCE OF 2,143.52 FEET TO AN IRON ROD SET; SOUTH A DISTANCE OF 565.15 FEET TO AN IRON ROD SET; SOUTH 180I4' 11" WEST, A DISTANCE OF 570,35 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A CURVLTO THIS LEFT, HAVING A RADIUS OF 1,470.18 FEET, AND A CHORD THAT BEARS SOUTH 0I042' IO" WEST, 836.77 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLI3 OF 33°04'03", AN ARC -DISTANCE OF 848,49 FEET; SOUTH 15635'22" EAST, A DISTANCE OF 7I.72 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAV INC, A RADI[IS OF 3,740.45 FEET, AND A CHORD THAT BEAKS SOUTH 68°52'37" WEST, 597.00 FEET; WITH SAID CURVETO THE LEFT, THROUGH A CENTRAL ANGLE OF 09009' 16", AN ARC -DISTANCE OF 597.64 FEET" I'O AN IRON ROD SET; SOUTH 12005' l2" EAST, A DISTANCE OF 1,072.30 FEET' TO AN IRON ROD SET; SOUTH 70059'09" EAST, A DISTANCE OF 1,150.43 FEET TO AN IRON ROD SET; SOUTH 3205 l'50" EAST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET; NORTH 60058'38" BAST, A DISTANCE OF 1,652.39 FEET TO AN IRON ROD SET ON THE EASTERLY LINE OF SAID IONA LAND TRACT; THENCE SOUTH 00032'23" EAST, WITH SAID EASTERLY LINE, A DISTANCE OF 2,633.31 FEET TO A I -INCH IRON ROD FOUND FOR THE EASTERNMOST SOUTHEAST CORNER OF SAID IONA LAND TRACT, SAME BEING A REENTRANT CORNER FOR A TRACT OF LAND DESCIUBED TO JOHNNY VINSON 11 AS RECORDED IN COUNTY CLERK FILE NO D204159103 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 89027'40" WEST, CONTINUING WITH SAID EASTERLY LINE, A DISTANCE OF 3,180.00 FEET TO A 1-INCH IRON ROD FOUND FOR REENTRANT CORNER OF SAID IONA LAND TRACT; THENCE SOUTH 00032' 15" EAST, CONTINUING WITH SAID EASTERLY LINE, A DISTANCE OF 3,557.84 FEET TO AN €RON ROD SET FOR THE SOUTHERNMOST SOUTHEAST CORNER 0 174 MOM 0 D i14856.9647.7783. v3 Ordinance Designating'Tax Inurement Reinvestment 7.one Ni umber fifteen, Ordinance No. 26,120-09-2023 City of'I`ort Worth, 'Texas Page 37 of 16 OF SAID IONA LANE] TRACT, FROM WIIICII A 60D NAIL BEARS NORTH 19°35'22" EAST-, A D]S'rANCE OF 1.71 FEET; THENCE SOUTH 89026' 13" WEST, WITH THIS SOUTH LINE OF SAID IONA LAND TRACT, A DISTANCE OF 5,819.66 FEET TO AN IRON ROD SET FOR THE SOUTHERNMOST SOUTHWLST CORNER OF SAME, FROM WHICH A 1/2-INCH IRON ROD FOUND BEARS NORTH 02046'29" EA&]', A DISTANCE OF 3.02 FEET; THENCE NORTH 00033'18" WEST, WITH THE WESTERLY LINE OF SAID IONA LAND TRACT, A DISTANCE OF 2,872.90 FEET -1.0 A I -INCH PIPE. FOUND FOR THE NORTHEAST CORNER OF A TRACT OF LANE] DESCRIBED TO HANLEY FAMILY PARTNERSHIP AS RECORDED IN COUNTY CLERIC FILE NO. D220100054 OF SAID OFFICIAL PUBLIC RECORDS; THENCE NORTH 89043'19" WEST, WITH THE ?NORTH LINE OF SAID HANLEY FAMILY TRACT, A DISTANCE OF 1,328.61 FEFiTTO AN IRON ROD SET FROM WHICH A 60D NAIL FOUND HEARS SOUTH 34013'58" EAST, A DISTANCE OF 1.63 FFF:T; THENCE WITI•I THE WESTERLY LINE OF SAID IONA LAND TRACT, THE FOLL.OWINO COURSES AND DISTANCES: NORTH 34013'58" WEST, A DISTANCE OF 567.75 FELT" ]'O AN IRON ROD SET; NORTH 34°03' 18" WEST, A DISTANCE OF 420,48 FEET" I'0 A 1/2-INCH CAPPED IRON ROD STAMPED "MIZEL L RPLS 1967" FOUND; NORTH 34'03' 13" WEST, A DISTANCE OF 484.20 FEETTO AN IRON Rot] SET, FROM WHICH A 60D NAIL FOUND $EARS SOUTH 43-47'30" EAST, A DISTANCE OF 1.87 FEET; NORTH 34004'06" WEST, A DISTANCE OF 418.59 FEET TO A 1/2-INCH IRON ROD FOUND; NORTH 34011'41" WEST, A DISTANCE OF 290.03 FEET A 3-INC14 METAL. POST; NORTH 33056'19" WEST, A DISTANCE OF 379.09 FEET TO A 1/2-INCH IRON ROD FOUND; NORTH 34006'04" WEST, A DISTANCE OF 709.55 FEET TO AN IRON ROD SET; NORTH 34004'39" WEST, A DISTANCE OF 607.03 FEET TO AN IRON ROD SET; NORTH 34006'04" WEST, A DISTANCE OF 316.07 FEET TO AN IRON ROD SET; NORTH 34°16'07" WEST, A DISTANCE OF 402.25 FEET TO A 3-INCH METAL POST FOUND; NORTH 81029'44" WEST, A DISTANCE OF I,026.51 FEET TO AN IRON ROD SET; 017420.Q 00 001 U 8 56.964 7. 7 U8 .O Ordinance Designating Tax Inclement Reinvestment 'Lone Number fifteen, Ordinance Ni o. 26420-09-2023 City of Fort Worth, Texas Page 38 of 16 NORTH 83010' l7" WEST, A DISTANCE OF 459.57 FEET TO A 112-1NC 1 CAPPED IRON ROD STAMPED `OWEN 5560" FOUND; THENCE OVER AND ACROSS SAID IONA LAND L.P, TRACT THE FOLLOWING COURSES AND DISTANCES: NORTH 00°00'16" WEST, A DISTANCE OF 1,969.55 FEET TO A 1/2-INCH CAPPED IRON ROD STAMPED "OWEN 5560" FOUND; NORTH 34004'06" WEST, A DISTANCE OF 605.90 FEF.TTO A 112-INCH CAPPED IRON ROD STAMPED"OWEN 5560" FOUND; NORTH 89'58'35" WEST, A DISTANCE OF I,240.06 FEET TO A 1I2-INCH CAPPED IRON ROD STAMPED "OWEN 5560" FOUND; SOUTH 24030'44" WEST, A DISTANCE OF I,362.18 FEET-1.0 AN IRON ROD SET; NOR'I'li 89059'22" WEST, A DISTANCE OF 635.96 FEET TO A 1/2-INCH CAPPED IRON ROD STAMPED "OWEN 5560" FOUND ON THE EAST RIGHT-01--WAY LINE OF FARM TO MARKET ROAD NO. 1 187 (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE NORTH 00*47'32" BAST, WITH SAID EAST RIGHT OF WAY LINE, A DISTANCE OF 2,050.06 FEET TO AN IRON ROD SET ON THE SOUTHERLY RIGHT-OF-WAY LINE OF ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE WITH SAID SOUTHERLY RIGHT-OF-WAY LINE, THE FOLLOWING COURSES AND DISTANCES: NORTH 3301 P53" EAST, A DISTANCE OF 1,753.87 FEET TO AN IRON ROD SET; NOR'I'I-136°53'30" EAST, A DISTANCE OF 812.93 FEET TO A METAL FENCE POST; NORTH 57021'43" EAST, A DISTANCE OF 970.5I FEET TO A MF.TAI. FENCE POST; NORTH 77044'53" EAST, A DISTANCE OF 434.70 FEET TO METAL FENCE•, POST; NORTH 85044'54" EAST, A DISTANCE OF 448.88 FEET TO A METAL FENCE POST; NORTH 77010'02" EAST, A DISTANCE OF 621.95 FI ET TO A METAL FENCE POST; NORTH 84037'35" EAST, A DISTANCE OF 850.23 FEET TO AN IRON ROD SE'I; SOUTH 86035'55" EAST, A DISTANCE OF 58.49 FEET TO AN IRON ROD SET; NORTH 84016'48" EAST, A DISTANCE OF 1,593.42 FEET TO A METAL FENCE POST; NORTH 84' 12'06" EAST, A DISTANCE OF I,463.51 FEET TO A CEDAR FENCE POST; NORTH 84*25' 11" EAST, A DISTANCE OF 377.44 FEET TO A CEDAR FENCE POST; 0 1742 0,00000 1 \4 856-9647-7 783.0 Ordinance Designating Tax Increment Reinvestment "Lone Number Fiftcen, Ordinance No. 26420-09-2023 City of Fort Worth, "Texas Page 39 of 16 NORTH 84019'22" EAST, A DISTANCE; OF 379.52 FEF'T TO AN IRON ROD SET; NORTH 86052' 18" EAST, A DISTANCE OF 261,07 FRET TO AN IRON ROD SET; SOUTH 88015' 14" CAST, A DISTANCE OF 212.80 FEET TO AN IRON ROD SET; SOUTH 84°02'34" EAST, A DISTANCE OF I89.06 FEET 1-0 AN IRON ROD SET; SOUTH 80°24'03" EAST, A DISTANCE OF 724.34 FEET" 1'O AN IRON ROD SET; NORTH 09038'28" EAST, A DISTANCE OF 41.36 FEET TO AN IRON ROD SET; SOUTH 80*21'32" EAST, A DISTANCE OF 549.54 FEET TO AN IRON ROD SET; SOUTH 0003 P37" EAST, A DISTANCE OF 25.40 FEET TO AN IRON ROD SET; SOUTH 800'21'32" EAST, A DISTANCE OF 2,000.05 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 1,716.19 FEET, AND A CHORD THAT BEARS SOUTH 67033'41" EAST, 760.29 FEET; WITH SAID CURVE TO 'THE RIGHT, THROUGH A CENTRAL ANGIX OF 25°35'42", AN ARC -DISTANCE OF 766,65 FEET TO AN IRON ROD SET; SOUTIi 54045'50" EAST, A DISTANCE OF 411.69 FEET TO AN IRON ROD SET FOR TI iE BEGINNING OF A CURVE TO THE LEFT, LAVING A RADIUS OF 2,050.74 FEET, AND A CHORD THAT BEARS SOUTH 70035'55" EAST, 1,1 19.15 FEET; WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 31'40' 10", AN ARC -DISTANCE OF 1,133.52 FEET TO AN IRON ROD SET; SOUTH BW26'00" EAST, A DISTANCE OF 2,213.89 FEET TO AN IRON ROD SET FOR THE- BEGINNING OF A CURVE' I'O'I'Hil LEFT, HAVING A RADIUS OF 2,041.14 FET?T, AND A CHORD THAT BEARS SOUTH 89908'09" EAST, 192.48 FEET; WITH SAID CURVL TO THE LEC ', THROUGH A CENTRAL ANGLE OF 05024,18", AN ARC -DISTANCE OF 192.55 FEET TO AN IRON ROD SET; NORTH 00033'50" WEST, A DISTANCE OF 25.01 FEETTO AN IRON ROD SI:T FOR TI3E BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,016.12 FEET, AND A CHORD THAT BEARS NORTH 79056'54" EAST, 574,95 FEET, WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 16-23-43", AN ARC -DISTANCE OF 576,91 FEET TO AN IRON ROD SET, FROM WHICH A CROSS - TIE BEARS SOUTH 61049'22" EAST, A DISTANCE OF 2.52 FEET; SOUTH IP14'57" EAST, A DISTANCE OF 50.01 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,066.13 FEET, AND A CHORD THAT BEARS NORTH 68026'25" EAST, 238.63 FEET; 0 ( 7420-0 0000114 856.9647.7783 A Ordinance Designaling Tax Increment Reinvestment 'Lane Number fifteen, Ordinance No. 26420-09-2023 Cily of fort worth, 'Texas Page 40 of l6 WITH SAID CURVETO THE LEFT, THROUGH A CENTRAL ANGLE OF 06037' 16", AN ARC -DISTANCE OF 238.76 FEET TO AN IRON ROD SET; NORTH 65908'05" EAST, A DISTANCE OF 460.57 I'EFT TO AN IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 3,I92.48 FEET, AND A CHORD THAT BEARS NORTI172-13.49" EAST, 788.70 FEET; WITH SAID CURVE TO THE R10HT, THROUGH A CENTRAL ANGLE OF 14011'28", AN ARC -DISTANCE OF 790.72 FEET TO AN IRON ROD SET; NOR'm ! 2°07'40" WEST, A DISTANCE OF 50.01 FEET TO AN IRON ROD SET; NORTH 78°27'48" EAST, A DISTANCE OF 93.77 FEET TO AN IRON ROD SET FOR THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 4,493.42 FEET, AND A CHORD THAT BEARS NORTII 88°43'36" EAST, 1,601.21 FEET; WITH SAID CURVE TO THE IGHT, THROUGH A CENTRAL ANGLE OF 20-31'36", AN ARC -DISTANCE OF 1,609.81 FEET TO AN IRON ROD] SET FOR T1 DE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 6,276.42 FEET, AND A CHORD THAT BEARS SOUTH 82017'37" EAST, 281.19 FEET; WITH SAID CURVE 1.0 THE, LEFT, THROUGH A CENTRAL ANGLE. OF 02°34'0I", AN ARC -DISTANCE OF 28I.21 FEET; SOUTH 82007'07" EAST, A DISTANCE OF 1,350.40 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 3,590.912 ACRES (156,420,144 SQ. FEET) OF LAND (GROSS). SAVE AND EXCEPT THAT 6.783-ACRE PORTION OF THE SUBJECT TRACT THAT LIES WITHIN VEALE RANCH PARKWAY, A 110-FOOT-WIDE RIGHT-OF-WAY AS DEDICATED BY DOCUMENT RECORDED IN COUNTY CLERIC FILE NO. D217021025, O.P.R.T.C.T., FOR A NET CALCULATED AREA OF 3,584.129-ACRES OF LAND. SAVE AND EXCEPT BEING 58.603 ACRES OF LAND SITUATED IN THE DAVID H. DIXON SURVEY, ABSTRACT NO, 442, G.H. & H. R.R. CO. SURVEY, ABSTRACT NO. 623, D.T. FINLEY SURVEY, ABSTRACT NO. 1900, AND THE NATHAN PROCTOR SURVEY, ABSTRACT NO, 1229, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF A TRACT OF LAND DESCRIBED TO TRT LAND INVESTORS, LLC AS RECORDED 1N COUNTY CLERICS FILE NO. D22I245221, OFFICIAI, PUBLIC RECORDS OF TARRANT COUNTY TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF SAID TRT LAND TRACT ON THE WESTERLY RIGHT-OF-WAY LINE OF R.M. HIGHWAYNO. 2871 (A VARIABLE WIDTH RIGHT-OF-WAY) FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 2416.83 FEET AND A CHORD THAT BEARS SOUTH I t035'04" EAST, 945.85 FEET; 017420.00001)1\4856.9647-7783.v3 Ordinance Designating Tax Inercment Reinvestment Zone NUmber Fifleen, Ordinance No. 26420-09-2023 Laity of fort Worth, 1 exas Page 41 of 16 THENCE WITH SAID WESTERLY RIGHT-OF-WAY LINE AND SAID CURVE TO THE, LEFT, THROUGH A CENTRAL ANGLE OF 22034'08", AN ARC -DISTANCE. OF 951.99 FEET TO A 112•INCI-I CAPPED IRON ROD STAMPED "LANDES ASSOCIATES" FOUND FOR THE NORTHERNMOST CORNER OF LOT I, BLOCK I, BENBROOK CHRISTIAN FELLOWSI.IIP SUBDIVISION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COLENTY, TEXAS BY PLAT RECORDER IN COUNTY CLERK FILE NO. D205347812 OF SAID OFFICIAL, PUBLICRECORDS; THENCE WITH TIIE NORTHWESTERLY LINE OF SAID BENBROOK CHIUSTIAN FELLOWSHIP SUBDIVISION, THE FOLLOWING COURSES AND DISTANCES: SOUTH 64°27'52" WEST, A DISTANCE OF 475.19 FEET TO A 1/2-INCH IRON ROD FOUND; SOUTH 47056'03" WEST, A DISTANCE OF 221.98 FEET TO A 112-INCH CAPPED IRON ROD STAMPED "WIF.R ASSOCIATES" FOUND; SOUTH 31020'39" WEST, A DISTANCE OF 625.38 FEET TO A 1/2-INCH CAPPED IRON ROD STAMPED "WIER ASSOCIATES" FOUNT] FOR THE SOUTHWEST CORNER OF SAID BENBROOIC CHRISTIAN FELLOWSHIP SUBDIVISION ON THE NORTH LINE OF LOT 1, BLOCK 1, BENBROOK WATER AND SEWER AUTHORITY TANK SITE, AN ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY, TEXAS BY PLAT RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 89038'34" WEST, WITH SAID NORTH LINE, A DISTANCE OF 597.69 FEET TO A 518-INCH IRON ROD FOUND POR THE NORTHWEST CORNER OF SAID BENBROOK WATER AND SEWER AUTHORITY TANK SITE; THENCE SOUTH 01036' 11" WEST, WITH TIIE WEST LINE OF SAID BENBROOK WATER AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FLEE TO A 112-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF LOT 31X, BLOCK 8, VENTANA, AN ADDITION TO T14E CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY PLAT" RECORDED 1N COUNTY CLERK FILE NO. D217078339 OF SAID OFFICIAL PUBLIC RECORDS; THENCE SOUTH 89026'43" WEST, WITH THENORTH LINE OF SAID VENTANA AUDITION, A DISTANCE. OF 649.00 FEET; THENCE OVER AND ACROSS SAID TRT LAND TRACT, THE. FOLLOWING COURSES AND DISTANCES; NORTH 01 022'48" WEST, A DISTANCE OF 899.51 FEET; NORTH 89016'44" EAST, A DISTANCE OF 669.38 FEET; NORTH 04921'24" BAST, A DISTANCE OF 1 119.32 FEET TO THE NORTH LIME OF SAID TRT LAND TRACT; 0 17470.000 00 M856.9647-7783.r1 Ordinance I]esignating Tax Increment Reinvestment 'hone Lumber Fifteen, Ordinance NO. 26420-09-2023 City of fort Worth, Texas Page 42 of 16 TIgFNCE SOUTH 92007'07" EAST, WITH SAID NORTH LINE, A DISTANCE OF 1333.53 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA 64.680 ACRES (2,817,481 SQUARE FEET) SAVE. AND EXCEFI' THAI- 6.077 ACRES THAT LIES WITI-m VEALE RANCH PARKWAY (A I10-FOOT-WIDE RIGI-rr-OF-WAY) AS DEDICATED BY DOCUMENTRECORDED IN COUNTY CLERIC FILE NO. D217021024 OF SAID OFFICIAL PUBLIC RECORDS FOR A NET CALCULATED AREA OF 58.603 ACRES (2,552,781 SQUARE FEET) OF LAND. 017420.00000IL4856-9647.7783A Ordinance Designating 'Fax Iricrernent Reinvestment %one Number Fifteen, Ordinance No. 26420-09-2023 City of fort Worth, 'Texas Page 43 of 16 City of Fort !North, Texas Mayor and Council Communication DATE: 09/12/23 M&C FILE NUMBER: M&C 23-0712 LOG NAME: 17TIF16 VEALE RANCH EST SUBJECT (ETJ) Conduct a Public Hearing Regarding the Designation of Tax increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas (Veale Ranch TIF), Declare the Petition to Create the Veale Ranch TIF to be Sufficient, and Adopt an Ordinance Creating the Veale Ranch TIF (PUBLIC HEARING - a. Report of City Staff: Michael Hennig; b. Public Comment; c. Council Action: Close Public Hearing and Act on the M&C) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public hearing concerning the creation of Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas, for tax increment financing purposes; 2. Find that the attached petition requesting the creation of Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas meets the requirements necessary for the City Council to designate the proposed area as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code; and 3. Adopt the attached ordinance designating Tax Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas, pursuant to Chapter 311 of the Texas Tax Code and containing specific findings of fact in support thereof. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to conduct a public hearing on the establishment of Tax Increment Reinvestment Zone Number Sixteen, City of Forth Worth, Texas {more commonly referred to as the "Veale Ranch TIF"), as required by Chapter 311 of the Texas Tax Code (Code). PMB Veale Land Investors 1, LP and other entities (Developer) entered into an agreement with the City on March 8th, 2023 for the development of approximately 5,200 acres consisting of parcels known as Veale Ranch/Team Ranch, Rolling V South, Rockbrook, and Ventana South (collectively, "Development"), which are located primarily within Fort VVorth's extraterritorial jurisdiction in Parker County and Tarrant County (City Secretary Contract No. 59003, as it may be amended from time -to -time) (Agreement). To accomplish the Development envisioned by the Developer and City and to provide financing for certain improvements; the City and Developer agreed to work together to create Veale Ranch Public Improvement District and this overlapping Veale Ranch TIF. The Agreement provides that the Development will be constructed and annexed in phases (each an "Improvement Area") over a period of up to 50 years and that the Veale Ranch PID assessments, Veale Ranch TIF collections, and bond issuances will occur after annexation for 25 to 30-year periods for each Improvement Area in order to reimburse the Developer for certain authorized improvements. Due to the enormity of the Development, the 50-year Development timeframe, and the potential financial complexities associated with funding the public improvements associated therewith, the City Council adopted a separate resolution waiving certain provisions of the Capital PID Policy and TIRZ Policy with respect to the creation and operation of the Veale Ranch PID and Veale Ranch TIRZ, all of which are incorporated into this M&C for purposes of creating the Veale Ranch TIF (Resolution No. 5705-02-2023; February 28, 2023). On July 17, 2023, the City Council received a petition requesting establishment of the Veale Ranch TIF ("Petition"), which is attached hereto. On August 22, 2023, the City Council adopted a Resolution accepting the filling of the Petition and setting a date for this public hearing (Resolution No. 5787-08-2023). The Petition has been examined, verified, and found by City staff to meet the requirements of the Code, to substantially comply with the City's policy for Tax Increment Reinvestment Zones (with the waivers stipulated by City Council), and to be sufficient for consideration by the City Council. The Veale Ranch TIF comprises approximately 5,200 acres of land located north of Bear Creek Drive, east of Farm Market 1187, south of Alecto Road, and west of Highway 377 South, as more particularly described in Exhibit A of the attached ordinance. The Veale Ranch TIF is being considered to accomplish the Development, including (i) offsetting or paying a portion of any assessments levied within the Development to acheive a desired tax rate equivalent for the Veale Ranch PID for each Improvement Area; (ii) provide incremental funding for public infrastructure not funded by, or in lieu of, the Veale Ranch PID; (iii) provide economic development incentives in alignment with the City's then current economic incentives policy; and (iv) further promote development within the boundaries of the Veale Ranch TIF. The attached ordinance provides that the City will contribute 65% of its tax increment to the Veale Ranch TIF each year that it is in existence, subject to any escalations and a thirty-year limitation for each phase of Development as set forth in the final project and financing plans and the Agreement. The Veale Ranch TIF will become effective on the date that the City Council adopted the attached Ordinance and will terminate on the earlier of (i) December 31, 2105 or an earlier termination date designated by an ordinance adopted after the effective date of the attached Ordinance or (ii) the date on which all project costs, tax increment bonds and interest on those bonds have been paid or otherwise satisfied in full. Revenue from the Veale Ranch TIF will be collected and deposited over a period of eight -two (82) years with the final year being solely dedicated to winding down the Veale Ranch TIF. Per the Code, a public hearing is required to establish the Veale Ranch TIF, Notice of this public hearing was published in a newspaper of general circulation in both the corporate boundaries and extra -territorial jurisdiction of the City at least seven days prior to this meeting. The City Council also acknoweldge that the Preliminary Project and Financing Plans for the Veale Ranch TIF have been prepared on its behalf and are on file with Clty staff. The proposed Veale Ranch TIF is located in the City's corporate Iimits 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 1 CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. Submitted for Citv Manauer's Office bv: William Johnson 5806 Oriuinatina Business unit Head: Robert Sturns 2663 Additional Information Contact: Michael Hennig 6024 Expedited Exhibit B Project and Financing Plan TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN CITY OF FORT WORTH, TEXAS (VEALE RANCH TIF) PROJECT PLAN AND FINANCING PLAN November 14 , 2023 PREPARED BY: MUNICAP, INC. PUBLIC FINANCE TAX INCREMENT REINVESTMENT ZONE NUMBER SIXTEEN CITY OF FORT WORTH, TEXAS (VEALE RANCH TIF) PROJECT PLAN AND FINANCING PLAN TABLE OF CONTENTS 1. INTRODUCTION............................................................................................................... I 1.1. AUTHORITY AND PURPOSE..........................................................................................................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.............................................................................................................. 2 2. ASSESSMENT AND TAX COLLECTION PROCEDURES...................................................... 5 2.1 AUTHORITY AND PURPOSE......................................................................................................... 5 2.2 METHODOLOGY.........................................................................................................................5 2.3 APPEALS.................................................................................................................................... 6 2.4 TAXATION PROCEDURES............................................................................................................ 6 2.5 PENALTIES AND INTEREST......................................................................................................... 7 2.6 TAX SALE................................................................................................................................... 7 2.7 TAX RATES................................................................................................................................ 8 3. PROJECT PLAN............................................................................................................... 9 3.1. DESCRIPTIONS AND MAPS............................................................................................................. 9 3.2. PROPOSED CHANGES TO ORDINANCES, PLANS, CODES, RULES AND REGULATIONS ..................... 9 3.3. ESTIMATED NON -PROJECT COSTS................................................................................................ 9 3.4. RELOCATION OF DISPLACED PERSONS......................................................................................... 9 4. FINANCING PLAN.......................................................................................................... 10 4.1. ESTIMATED PROJECT COSTS.......................................................................................................10 4.2. PROPOSED PUBLIC IMPROVEMENTS............................................................................................10 4.3. ECONOMIC FEASIBILITY..............................................................................................................10 4.4. TIRZ PARTICIPATION LEVEL......................................................................................................12 4.5. ESTIMATED BONDED INDEBTEDNESS...........................................................................................15 4.6. ESTIMATED TIME FOR COSTS OR OBLIGATIONS..........................................................................15 4.7. METHOD OF FINANCING..............................................................................................................15 4.8. TOTAL APPRAISED VALUE...........................................................................................................16 4.9. ESTIMATED CAPTURED APPRAISED VALUE TAXABLE BY THE CITY............................................16 4.10. DURATION OF THE ZONE; TERMINATION...................................................................................16 5. ASSUMPTION AND LIMITATIONS.................................................................................. 18 6. LIST OF EXHIBITS......................................................................................................... 20 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-1.1 - PROJECTED ASSESSED VALUE - 2025 EXHIBIT C-1.2 - PROJECTED ASSESSED VALUE - 2026 EXHIBIT C-1.3 - PROJECTED ASSESSED VALUE - 2027 EXHIBIT C-1.4 - PROJECTED ASSESSED VALUE - 2028 EXHIBIT C-1.5 - PROJECTED ASSESSED VALUE - 2029 EXHIBIT C-1.6 - PROJECTED ASSESSED VALUE - 2030 EXHIBIT C-1.7 - PROJECTED ASSESSED VALUE - 2031 EXHIBIT C-1.8 - PROJECTED ASSESSED VALUE - 2032 EXHIBIT C-1.9 - PROJECTED ASSESSED VALUE - 2033 EXHIBIT C-1.10 - PROJECTED ASSESSED VALUE - 2034 EXHIBIT C-1.11 - PROJECTED ASSESSED VALUE - 2035 EXHIBIT C-1.12 - PROJECTED ASSESSED VALUE - 2036 EXHIBIT C-1.13 - PROJECTED ASSESSED VALUE - 2037 EXHIBIT C-1.14 - PROJECTED ASSESSED VALUE - 2038 EXHIBIT C-1.15 - PROJECTED ASSESSED VALUE - 2039 EXHIBIT C-1.16 - PROJECTED ASSESSED VALUE - 2040 EXHIBIT C-1.17 - PROJECTED ASSESSED VALUE - 2041 EXHIBIT C-1.18 - PROJECTED ASSESSED VALUE - 2042 EXHIBIT C-1.19 - PROJECTED ASSESSED VALUE - 2043 EXHIBIT C-1.20 - PROJECTED ASSESSED VALUE - 2044 EXHIBIT C-1.21 - PROJECTED ASSESSED VALUE - 2045 EXHIBIT C-1.22 - PROJECTED ASSESSED VALUE - 2046 EXHIBIT C-1.23 - PROJECTED ASSESSED VALUE - 2047 EXHIBIT C-1.24 - PROJECTED ASSESSED VALUE - 2048 EXHIBIT C-1.25 - PROJECTED ASSESSED VALUE - 2049 EXHIBIT C-1.26 - PROJECTED ASSESSED VALUE - 2050 EXHIBIT C-1.27 - PROJECTED ASSESSED VALUE - 2051 EXHIBIT C-2.1 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2025-2029 EXHIBIT C-2.2 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2030-2034 EXHIBIT C-2.3 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2035-2039 EXHIBIT C-2.4 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2040-2044 EXHIBIT C-2.5 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2045-2049 EXHIBIT C-2.6 - PROJECTED ASSESSED VALUE - DEVELOPMENT YEARS 2050-2051 EXHIBIT C-2.7 - PROJECTED ASSESSED VALUE - SUMMARY ALL YEARS EXHIBIT D-1.1 - PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS 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 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 "City"), 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 5181.922 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 11 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. 1.6. COUNCIL ACTION The City Council, taking into consideration the recommendations of the Board, approved the Final Plan in November 14, 2023. 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 MuniCap 12 The City has committed to using 65.00% of the incremental revenues generated from the Property. See Section 4.4 for additional details. In summary, the TIRZ 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 $13,126,355,975 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 to C-1.27, Exhibits C-2.1 to C-2.7, and Exhibits D-1.1 to D-1.4, attached hereto, for more information on the projected incremental value for each year. Table 1-A Projected Assessed Values Year Projected Value at Incremental Value Buildout Base Value' At Buildout 2051 $13,131,612,306 $5,256,331 $13,126,355,975 '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. 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 as of January 1, 2051, is $13,131,612,306 with an incremental value of $13,126,355,975. Table 1-13 illustrates the projected assessed value for taxes due as of January 2051, assuming two percent (2.00%) annual inflation. 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' January 1, 2051 January 31, 2051. City of Fort Worth $13,131,612,306 $5,256,331 $13,126,355,975 $1,174,917,039 '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. Refer to Exhibits D-1.1 to D-1.4 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". MuniCap 13 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 Final 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. 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 14 2. ASSESSMENT AND TAX COLLECTION PROCED URES 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 Final 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 i£ • 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: https:llcomptroller.texas.gov/taxes/property-tax/valuing property.php MuniCap 15 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 45th day 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 (SOAH). An appeal to SOAH is initiated by not later than the 30th 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 16 Table 2-A Property Tax Timeline Date(s) Event January 1 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 1 Local taxing units may impose additional penalties for legal costs related to collecting unpaid taxes. August - September Local taxing units adopt tax rates. October 1 Local taxing units (or county tax assessor -collector, acting on their behalf) begin sending tax bills to property owners. January 1 Taxes due to local taxing units (or county tax assessor -collector, if acting on their behalf). February 1 Local taxing units begin charging penalties and interest for unpaid tax bills. 2.5 PENALTIES AND INTEREST According to the Texas Comptroller, if taxes are not paid by January 3Pt, 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 30th 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 17 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. Table 2-C 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 0.147500 0.732500 2022-23 0.565000 0.147500 0.712500 2023-24 0.525000 0.147500 0.672500 Source: TAD and City website. (the remainder of this page is intentionally left blank) MuniCap 18 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-1 and A-2 and the property within the TIRZ is anticipated to be used primarily for commercial, industrial, retail, multi -family, and residential uses. Propertv 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 Final Plan. (the remainder of this page is intentionally left blank) MuniCap 19 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. 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 Final 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 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 to C-1.27, Exhibits C-2.1 to C-2.7, and Exhibits D-1.1 to D-1.4. 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 MuniCap 110 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 as of January 1, 2082, is $302,459,948 with an incremental value of $302,414,724. The new development is projected to generate approximately $2,698,731,244 in projected incremental real property taxes during the anticipated term of the Zone as shown in Table 4-A below. Jurisdiction City of Fort Worth Table 4-A Projected Incremental Tax Revenue Total Projected Total Projected Annual Incremental Incremental Value Tax Revenue at during the Term of the TIRZ $302,459,948 Buildout (Due by January 31, 2051) $88,274,744 Total Projected Incremental Tax Revenue during the Term of the TIRZ $2,698,731,244 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 $2,698,731,244. As a result, the TIRZ is anticipated to generate $1,754,175,308 for payment of Project Costs. The total amount of projected incremental revenue available to the City is $944,555,935 (i.e. $2,698,731,244 - $1,754,175,308). 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, $8,031,614,977 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 4-13 on the following page shows the projected TIRZ contribution by each participating jurisdiction. (the remainder of this page is intentionally left blank) MuniCap 111 Total Projected Incremental Tax Revenue during the Term of the Jurisdiction TIRZI City of Fort Worth $2,698,731,244 Table 4-B Projected TIRZ Contribution Total Projected Incremental Tax Revenue Available for payment of Project Costs' $1,754,175,308 Total Projected Incremental Tax Revenue Retained by the Clty3 $944,555,935 Total Projected Incremental Tax Revenue Retained by the City after release from TIRZ ObllgatlonS4 $7,087,059,042 'Represents the projected incremental tax revenues generated from the Property. 2 Represents the total projected incremental tax revenue available for the payment of the Project Costs. 'Represents the total projected incremental tax revenue available for the City after payment of Project Costs. a Represents the total projected incremental tax revenue available for the City after release of Parcels from TIRZ obligations. 5 Represents the total projected incremental tax revenue available for the City assuming the TIRZ contribution is fully paid out. 4.4. TIRZ PARTICIPATION LEVEL Total Projected Incremental Tax Revenue Retained by the City at the end of the Terms $8,031,614,977 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-C below. Table 4-C TIRZ Participation by Entity Jurisdiction TIRZ Participation level City of Fort Worth 65% 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: 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) levy 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 MuniCap 112 TIRZ Revenues to be paid by the City into the TIRZ Fund will automatically increase from sixty-five percent (65%) to one hundred percent (100%) in accordance with the terms of this Section 4.2 of the Veale Ranch Development Agreement ("TIRZ Escalation"). 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 limited 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. 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 MuniCap 113 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; 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: MuniCap 114 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 located 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 will be made to offset the PID Assessment imposed on the property in the PID. 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 MuniCap 115 incremental property taxes collected in the Zone for years one through eighty-two (1-82). Reference Section 4.4 for TIRZ Escalation. 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 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 levy 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) MuniCap 116 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 117 S. ASSUMPTIONAND 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. 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 118 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: 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 legal, 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 119 6. LIST OF EXHIBITS Unless otherwise stated, all references to "Exhibits" contained in this Final Plan shall mean and refer to the following exhibits, all of which are attached to and made a part of this Final 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 Projected Taxable Value - 2025 Development Exhibit C-1.2 Projected Taxable Value - 2026 Development Exhibit C-1.3 Projected Taxable Value - 2027 Development Exhibit C-1.4 Projected Taxable Value - 2028 Development Exhibit C-1.5 Projected Taxable Value - 2029 Development Exhibit C-1.6 Projected Taxable Value - 2030 Development Exhibit C-1.7 Projected Taxable Value - 2031 Development Exhibit C-1.8 Projected Taxable Value - 2032 Development Exhibit C-1.9 Projected Taxable Value - 2033 Development Exhibit C-1.10 Projected Taxable Value - 2034 Development Exhibit C-1.11 Projected Taxable Value - 2035 Development Exhibit C-1.12 Projected Taxable Value - 2036 Development Exhibit C-1.13 Projected Taxable Value - 2037 Development Exhibit C-1.14 Projected Taxable Value - 2038 Development Exhibit C-1.15 Projected Taxable Value - 2039 Development Exhibit C-1.16 Projected Taxable Value - 2040 Development Exhibit C-1.17 Projected Taxable Value - 2041 Development Exhibit C-1.18 Projected Taxable Value - 2042 Development Exhibit C-1.19 Projected Taxable Value - 2043 Development Exhibit C-1.20 Projected Taxable Value - 2044 Development Exhibit C-1.21 Projected Taxable Value - 2045 Development Exhibit C-1.22 Projected Taxable Value - 2046 Development Exhibit C-1.23 Projected Taxable Value - 2047 Development Exhibit C-1.24 Projected Taxable Value - 2048 Development Exhibit C-1.25 Projected Taxable Value - 2049 Development Exhibit C-1.26 Projected Taxable Value - 2050 Development Exhibit C-1.27 Projected Taxable Value - 2051 Development Exhibit C-2.1 Projected Taxable Value - Development Years 2025-2029 Exhibit C-2.2 Projected Taxable Value - Development Years 2030-2034 Exhibit C-2.3 Projected Taxable Value - Development Years 2035-2039 Exhibit C-2.4 Projected Taxable Value - Development Years 2040-2044 Exhibit C-2.5 Projected Taxable Value - Development Years 2045-2049 Exhibit C-2.6 Projected Taxable Value - Development Years 2050-2051 Exhibit C-2.7 Projected Taxable Value -All Development Years MuniCap 120 Exhibit D-1.1 Projected Incremental Assessed Value & Incremental Real Property Taxes Available for TIRZ Obligations 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 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) MuniCap 121 EXHIBIT A-1.1 MAP OF THE PROPERTY AND TIRZ ZONE EXHIBIT A-1.2 AERIAL MAP OF THE ZONE A re ti rs 1 Feeds the N l y 46 Big HOT, Travel Center_. - a MARKUM RANCH ♦ tza Z. - W yr � V L � s � U i ''�'t • hhestone Golf " i ,J dr:• •North. Holid pPark Z,�� M` { . , ,k\4 1 TE M S. •' EXHIBIT B DESCRIPTION OF THE PROPERTY - LEGAL DESCRIPTIONS Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Legal Descriptions Property ID I Acerage' I Legal Description' 3910903 0.8800 G H & H R RR CO SURVEY Abstract 624 Tract 2 4144066 29.2090 ROGERS, T F SURVEY Abstract 1357 Tract 1 4224310 71.4630 T & N O RR CO SURVEY Abstract 1565 Tract 2 4914287 4.9200 LANGSTON, ELIZABETH SURVEY Abstract 988 Tract 2 6234097 271.1100 FINLEY, THEODORE SURVEY Abstract 1878 Tract IA 6234119 172.3200 FINLEY, D T SURVEY Abstract 1901 Tract 2A 40518566 4.1400 DIXON, DAN H SURVEY Abstract 442 Tract IA04 40549852 33.4000 FINLEY, D T SURVEY Abstract 1900 Tract I A1842 TR I & A 623 TR 3A, CITY BOUNDARY SPl 40549860 1.0000 LANE, HENRY SURVEY Abstract 928 Tract IAl IA2 1B 1132A 113213 1132C1 1F & 1G HS 41302796 16.0000 SOCORRO FARMING COSURVEY Abstract 1842 Tract I & A1900 TR I 41460901 15.0000 LANE, HENRY SURVEY Abstract 928 Tract IAIA IA3 1132 1133 1D & TR 1E 42231491 2.1900 FINLEY, D T SURVEY Abstract 1900 Tract 1 42241225 40.1600 FINLEY, D T SURVEY Abstract 1903 Tract IAl 42308346 1.5880 VENTANA PUMPING STATION ADDN Block 1 Lot 1 42308354 4.0930 VENTANA PUMPING STATION ADDN Block 1 Lot 2 42346213 6.6000 FINLEY, D T SURVEY Abstract 1900 Tract I A1842 TR I & A 623 TR 3A, CITY BOUNDARY SPl 42346221 0.8620 FINLEY, D T SURVEY Abstract 1900 Tract 1 CITY BOUNDARY SPLIT 42346230 3.8400 DIXON, DAN H SURVEY Abstract 442 Tract IA6 42346248 0.2100 DIXON, DAN H SURVEY Abstract 442 Tract IA4C 42491221 13.5000 DIXON, DAN H SURVEY Abstract 442 Tract lA04D SEPARATED TRACT 42502339 15.0000 LANE, HENRY SURVEY Abstract 928 Tract IA1 IA2 1B 1132A 1B213 1132C1 1F & 1G LESS HS 42721243 111.1970 T & N O RR CO SURVEY Abstract 1565 Tract 2B 42721413 23.8500 FINLEY, D T SURVEY Abstract 1901 Tract 2A1 42721430 24.4200 ROGERS, T F SURVEY Abstract 1357 Tract 113 42724447 81.3700 ROGERS, T F SURVEY Abstract 1357 Tract lAl 42724455 5.2900 TAYLOR, EDWARD SURVEY Abstract 1560 Tract IA3A & A1903 TR lA1C 42724463 7.7500 LANGSTON, ELIZABETH SURVEY Abstract 988 Tract 2132 42782684 1.0640 S A & M G RR CO SURVEY Abstract 1479 Tract 1B 42782692 0.6800 FINLEY, D T SURVEY Abstract 1900 Tract lE CITY BOUNDARY SPLIT 42782706 2.6900 FINLEY, D T SURVEY Abstract 1900 Tract lE CITY BOUNDARY SPLIT 42782714 12.7000 FINLEY, D T SURVEY Abstract 1900 Tract ID SEPARATED TRACT 42797321 961.5110 LANE, HENRY SURVEY Abstract 1991P Tract 1 & I BAL IN PARKER 42797339 387.0770 S A & M G RR CO SURVEY Abstract 1479 Tract I 42797347 145.0000 ATKINS, WILLIAM SURVEY Abstract 1961 Tract IA 42797517 0.5580 FINLEY, D T SURVEY Abstract 1903 Tract IC 42797525 163.0330 FINLEY, D T SURVEY Abstract 1903 Tract ID 42820578 19.9800 DIXON, DAN H SURVEY Abstract 442 Tract ID 42820586 13.2400 DIXON, DAN H SURVEY Abstract 442 Tract lE 42820616 41.3900 PROCTOR, NATHAN SURVEY Abstract 1229 Tract I 42820624 0.1380 PROCTOR, NATHAN SURVEY Abstract 1229 Tract I SEPARATED TRACT 42820632 13.2670 G H & H R RR CO SURVEY Abstract 623 Tract I 42820641 19.5860 G H & H R RR CO SURVEY Abstract 623 Tract 1K SEPARATED TRACT 42830522 184.9500 G H & H R RR CO SURVEY Abstract 623 Tract 1L & ABST 493 TR 1171 & ABST 1117 TR 1C1 42894784 5.1600 FINLEY, D T SURVEY Abstract 1903 Tract IA1D SEPARATED TRACT 42894792 11.5000 ROGERS, T F SURVEY Abstract 1357 Tract lAIA SEPARATED TRACT 42894806 1.8590 VENTANA Block 12 Lot I HOA OPEN SPACE 42894814 0.6600 LANGSTON, ELIZABETH SURVEY Abstract 988 Tract 2132A SEPARATED TRACT 3861694 4.7780 DIXON, DAN H SURVEY Abstract 442 Tract 1 & ABST 495 TRS 1C & 1D 3861716 18.5800 DIXON, DAN H SURVEY Abstract 442 Tract lA 3910520 20.5970 G H & H R RR CO SURVEY Abstract 623 Tract 1 & ABST 1117 TR 1C 3910830 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 I Acerage' I Legal Description' 4098382 18.4760 PROCTOR, NATHAN SURVEY Abstract 1229 Tract 1 4098420 0.8470 PROCTOR, NATHAN SURVEY Abstract 1229 Tract IA2 & A442 TR IA6 4121376 1.0000 ROBINSON, WILLIAM SURVEY Abstract 1274 Tract 2 HS/BAL IN PARKER CNTY 4197593 25.7050 S A & M G RR CO SURVEY Abstract 1479 Tract 1 4224442 481.9200 T & N O RR CO SURVEY Abstract 1567 Tract 1 4299167 40.0000 SOCORRO FARMING COSURVEY Abstract 1842 Tract 1 4305043 4.2630 FINLEY, D T SURVEY Abstract 1900 Tract 1 CITY BOUNDARY SPLIT 4305213 158.6080 FINLEY, D T SURVEY Abstract 1903 Tract 1 4312694 15.0000 ATKINS, WILLIAM SURVEY Abstract 1961 Tract 1 5950260 400.8000 ROBINSON, WILLIAM SURVEY Abstract 1274 Tract 2 LESS 6265081 1.0000 LANE, HENRY SURVEY Abstract 928 Tract lA 1B1 1B4 & 1B5 7652615 4.0000 SOCORRO FARMING COSURVEY Abstract 1842 Tract IA & A1900 TR IA 40549879 11.0000 ROBINSON, WILLIAM SURVEY Abstract 1274 Tract 2A 42988568 1.0120 LANE, HENRY SURVEY Abstract 1991P Tract 1B1 ELEVEATED STORAGE TANK 42989475 56.7800 G H & H R RR CO SURVEY Abstract 623 Tract 1N & ABST 1117 TR 1C1A 42989483 13.8500 G H & H R RR CO SURVEY Abstract 623 Tract I SEPARATED TRACT 42989335 5.9800 DIXON, DAN H SURVEY Abstract 442 Tract 1D1 42989441 37.6300 DIXON, DAN H SURVEY Abstract 442 Tract 1F 42989467 3.5700 ELLIOTT, JAMES F SURVEY Abstract 495 Tract I 42989459 2.6000 ELLIOTT, JAMES F SURVEY Abstract 442 Tract I 42989432 57.4300 G H & H R RR CO SURVEY Abstract 623 Tract 1M & ABST 1117 TR 1C R000043635 67.0000 Abst: 648, Survey: H T & B RR CO SUR 3 R000050465 178.0000 Abst: 1107, Survey: ROBINSON WM R000059008 126.5400 Abst: 1579, SURV: NORMAN UNDERWOOD R000063119 178.1750 Abst: 1991, Survey: I & G N R R CO R000063224 109.7000 Abst: 2002, Survey: I & G N R R CO R000063226 1.0000 Abst: 2002, Survey: I & G N R R CO R000064877 165.0000 Abst: 2224, Survey: I & G N R R CO R000095225 1.0000 Abst: 2002, Survey: I & G N R R CO R000095227 14.0000 Abst: 2002, Survey: I& G N R R CO, SURV: I& G N R R CO Total 5192.11 1 - Values obtained from Parker County Central Appraisal District and Tarrant County Central Appraisal District in September of 2023. EXHIBIT C-1.1 PROJECTED TAXABLE VALUE - 2025 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.1: Proiected Assessed Value - 2025 DevelonmentI Development Year Ending Assessed As Of 2.0% Inflation Factor Units Residential Single Family Residential Value Per Projected Unit Assessed Value Sq Ft Multi -Family Value Per Sq Ft Projected Assessed Value Total Projected Assessed Value 31-Dec-23 1-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-Jan-26 104% 265 $532,685 $141,105,940 103,024 $226 $23,280,168 164,386,108 31-Dec-26 1-Jan-27 106% 265 $543,338 $143,928,058 103,024 $230 $23,745,771 167,673,830 31-Dec-27 1-Jan-28 108% 265 $554,205 $146,806,620 103,024 $235 $24,220,687 171,027,306 31-Dec-28 1-Jan-29 110% 265 $565,289 $149,742,752 103,024 $240 $24,705,101 174,447,853 31-Dec-29 1-Jan-30 113% 265 $576,595 $152,737,607 103,024 $245 $25,199,203 177,936,810 31-Dec-30 1-Jan-31 115% 265 $588,127 $155,792,359 103,024 $249 $25,703,187 181,495,546 31-Dec-31 1-Jan-32 117% 265 $599,890 $158,908,206 103,024 $254 $26,217,250 185,125,457 31-Dec-32 1-Jan-33 120% 265 $611,887 $162,086,370 103,024 $260 $26,741,595 188,827,966 31-Dec-33 1-Jan-34 122% 265 $624,125 $165,328,098 103,024 $265 $27,276,427 192,604,525 31-Dec-34 1-Jan-35 124% 265 $636,608 $168,634,660 103,024 $270 $27,821,956 196,456,616 31-Dec-35 1-Jan-36 127% 265 $649,340 $172,007,353 103,024 $275 $28,378,395 200,385,748 31-Dec-36 1-Jan-37 129% 265 $662,327 $175,447,500 103,024 $281 $28,945,963 204,393,463 31-Dec-37 1-Jan-38 132% 265 $675,573 $178,956,450 103,024 $287 $29,524,882 208,481,332 31-Dec-38 1-Jan-39 135% 265 $689,085 $182,535,579 103,024 $292 $30,115,380 212,650,959 31-Dec-39 1-Jan-40 137% 265 $702,866 $186,186,291 103,024 $298 $30,717,687 216,903,978 31-Dec-40 1-Jan-41 140% 265 $716,924 $189,910,016 103,024 $304 $31,332,041 221,242,058 31-Dec-41 1-Jan-42 143% 265 $731,262 $193,708,217 103,024 $310 $31,958,682 225,666,899 31-Dec-42 1-Jan-43 146% 265 $745,887 $197,582,381 103,024 $316 $32,597,856 230,180,237 31-Dec-43 1-Jan-44 149% 265 $760,805 $201,534,029 103,024 $323 $33,249,813 234,783,841 31-Dec-44 1-Jan-45 152% 265 $776,021 $205,564,709 103,024 $329 $33,914,809 239,479,518 31-Dec-45 1-Jan-46 155% 265 $791,542 $209,676,004 103,024 $336 $34,593,105 244,269,109 31-Dec-46 1-Jan-47 158% 265 $807,372 $213,869,524 103,024 $342 $35,284,967 249,154,491 31-Dec-47 1-Jan-48 161% 265 $823,520 $218,146,914 103,024 $349 $35,990,666 254,137,581 31-Dec-48 1-Jan-49 164% 265 $839,990 $222,509,852 103,024 $356 $36,710,480 259,220,332 31-Dec-49 1-Jan-50 167% 265 $856,790 $226,960,049 103,024 $363 $37,444,689 264,404,739 31-Dec-50 1-Jan-51 171% 265 $873,926 $231,499,250 103,024 $371 $38,193,583 269,692,834 31-Dec-51 1-Jan-52 174% 265 $891,404 $236,129,235 103,024 $378 $38,957,455 275,086,690 31-Dec-52 1-Jan-53 178% 265 $909,232 $240,851,820 103,024 $386 $39,736,604 280,588,424 31-Dec-53 1-Jan-54 181% 265 $927,417 $245,668,856 103,024 $393 $40,531,336 286,200,193 31-Dec-54 1-Jan-55 185% 265 $945,965 $250,582,234 103,024 $401 $41,341,963 291,924,196 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%. 3Provided by the Developer. EXHIBIT C-1.2 PROJECTED TAXABLE VALUE - 2026 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.2: Proiected Assessed Value - 2026 DeveloDmentl 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 Ft Sq Ft Assessed Value Sq Ft3 Sq Ft Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 31-Dec-24 1-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 265 $543,338 $143,928,058 103,024 $230 $23,745,771 645,373 $66 $42,342,351 210,016,180 31-Dec-27 1-Jan-28 108% 265 $554,205 $146,806,620 103,024 $235 $24,220,687 645,373 $67 $43,189,198 214,216,504 31-Dec-28 1-Jan-29 110% 265 $565,289 $149,742,752 103,024 $240 $24,705,101 645,373 $68 $44,052,982 218,500,834 31-Dec-29 1-Jan-30 113% 265 $576,595 $152,737,607 103,024 $245 $25,199,203 645,373 $70 $44,934,041 222,870,851 31-Dec-30 1-Jan-31 115% 265 $588,127 $155,792,359 103,024 $249 $25,703,187 645,373 $71 $45,832,722 227,328,268 31-Dec-31 1-Jan-32 117% 265 $599,890 $158,908,206 103,024 $254 $26,217,250 645,373 $72 $46,749,376 231,874,833 31-Dec-32 1-Jan-33 120% 265 $611,887 $162,086,370 103,024 $260 $26,741,595 645,373 $74 $47,684,364 236,512,330 31-Dec-33 1-Jan-34 122% 265 $624,125 $165,328,098 103,024 $265 $27,276,427 645,373 $75 $48,638,051 241,242,576 31-Dec-34 1-Jan-35 124% 265 $636,608 $168,634,660 103,024 $270 $27,821,956 645,373 $77 $49,610,812 246,067,428 31-Dec-35 1-Jan-36 127% 265 $649,340 $172,007,353 103,024 $275 $28,378,395 645,373 $78 $50,603,029 250,988,776 31-Dec-36 1-Jan-37 129% 265 $662,327 $175,447,500 103,024 $281 $28,945,963 645,373 $80 $51,615,089 256,008,552 31-Dec-37 1-Jan-38 132% 265 $675,573 $178,956,450 103,024 $287 $29,524,882 645,373 $82 $52,647,391 261,128,723 31-Dec-38 1-Jan-39 135% 265 $689,085 $182,535,579 103,024 $292 $30,115,380 645,373 $83 $53,700,339 266,351,297 31-Dec-39 1-Jan-40 137% 265 $702,866 $186,186,291 103,024 $298 $30,717,687 645,373 $85 $54,774,345 271,678,323 31-Dec-40 1-Jan-41 140% 265 $716,924 $189,910,016 103,024 $304 $31,332,041 645,373 $87 $55,869,832 277,111,890 31-Dec-41 1-Jan-42 143% 265 $731,262 $193,708,217 103,024 $310 $31,958,682 645,373 $88 $56,987,229 282,654,128 31-Dec-42 1-Jan-43 146% 265 $745,887 $197,582,381 103,024 $316 $32,597,856 645,373 $90 $58,126,974 288,307,210 31-Dec-43 1-Jan-44 149% 265 $760,805 $201,534,029 103,024 $323 $33,249,813 645,373 $92 $59,289,513 294,073,354 31-Dec44 1-Jan-45 152% 265 $776,021 $205,564,709 103,024 $329 $33,914,809 645,373 $94 $60,475,303 299,954,822 31-Dec-45 1-Jan-46 155% 265 $791,542 $209,676,004 103,024 $336 $34,593,105 645,373 $96 $61,684,809 305,953,918 31-Dec-46 1-Jan-47 158% 265 $807,372 $213,869,524 103,024 $342 $35,284,967 645,373 $97 $62,918,506 312,072,996 31-Dec-47 1-Jan-48 161% 265 $823,520 $218,146,914 103,024 $349 $35,990,666 645,373 $99 $64,176,876 318,314,456 31-Dec-48 1-Jan-49 164% 265 $839,990 $222,509,852 103,024 $356 $36,710,480 645,373 $101 $65,460,413 324,680,745 31-Dec-49 1-Jan-50 167% 265 $856,790 $226,960,049 103,024 $363 $37,444,689 645,373 $103 $66,769,621 331,174,360 31-Dec-50 1-Jan-51 171% 265 $873,926 $231,499,250 103,024 $371 $38,193,583 645,373 $106 $68,105,014 337,797,847 31-Dec-51 1-Jan-52 174% 265 $891,404 $236,129,235 103,024 $378 $38,957,455 645,373 $108 $69,467,114 344,553,804 31-Dec-52 1-Jan-53 178% 265 $909,232 $240,851,820 103,024 $386 $39,736,604 645,373 $110 $70,856,456 351,444,881 31-Dec-53 1-Jan-54 181% 265 $927,417 $245,668,856 103,024 $393 $40,531,336 645,373 $112 $72,273,586 358,473,778 31-Dec-54 1-Jan-55 185% 265 $945,965 $250,582,234 103,024 $401 $41,341,963 645,373 $114 $73,719,057 365,643,254 31-Dec-55 1-Jan-56 188% 265 $964,885 $255,593,878 103,024 $409 $42,168,802 645,373 $117 $75,193,438 372,956,119 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 'Assumes an annual inflation factor of 2.0%. 3Provided by the Developer. EXHIBIT C-1.3 PROJECTED TAXABLE VALUE - 2027 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.3: Development Year Ending Projected Assessed Value 2.0% Assessed Inflation As Oft Factm2 - 2027 Develonmentl Residential Single Family Residential Value Per Projected Units' Unit Assessed Value Sq Ft' Multi -Family Value Per Sq Ft Projected Assessed Value Sq Ft' Industrial Value Per Sq Ft Commercial Projected Assessed Value Sq Ft3 Office Value Per Sq Ft Projected Assessed Value Total Projected Assessed Value 31-Dec-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 31-Dec-24 1-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 31-Dec-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 31-Dec-27 1-Jan-28 108% 328 $554,205 $181,661,097 450,413 $235 $105,890,932 645,373 $67 $43,189,198 261,360 $198 $51,865,819 382,607,046 31-Dec-28 1-Jan-29 110% 328 $565,289 $185,294,319 450,413 $240 $108,008,750 645,373 $68 $44,052,982 261,360 $202 $52,903,136 390,259,186 31-Dec-29 1-Jan-30 113% 328 $576,595 $189,000,205 450,413 $245 $110,168,925 645,373 $70 $44,934,041 261,360 $206 $53,961,198 398,064,370 31-Dec-30 1-Jan-31 115% 328 $588,127 $192,780,209 450,413 $249 $112,372,304 645,373 $71 $45,832,722 261,360 $211 $55,040,422 406,025,658 31-Dec-31 1-Jan-32 117% 328 $599,890 $196,635,813 450,413 $254 $114,619,750 645,373 $72 $46,749,376 261,360 $215 $56,141,231 414,146,171 31-Dec-32 1-Jan-33 120% 328 $611,887 $200,568,530 450,413 $260 $116,912,145 645,373 $74 $47,684,364 261,360 $219 $57,264,056 422,429,094 31-Dec-33 1-Jan-34 122% 328 $624,125 $204,579,900 450,413 $265 $119,250,388 645,373 $75 $48,638,051 261,360 $223 $58,409,337 430,877,676 31-Dec-34 1-Jan-35 124% 328 $636,608 $208,671,498 450,413 $270 $121,635,396 645,373 $77 $49,610,812 261,360 $228 $59,577,523 439,495,230 31-Dec-35 1-Jan-36 127% 328 $649,340 $212,844,928 450,413 $275 $124,068,104 645,373 $78 $50,603,029 261,360 $233 $60,769,074 448,285,134 31-Dec-36 1-Jan-37 129% 328 $662,327 $217,101,827 450,413 $281 $126,549,466 645,373 $80 $51,615,089 261,360 $237 $61,984,455 457,250,837 31-Dec-37 1-Jan-38 132% 328 $675,573 $221,443,863 450,413 $287 $129,080,455 645,373 $82 $52,647,391 261,360 $242 $63,224,144 466,395,854 31-Dec-38 1-Jan-39 135% 328 $689,085 $225,872,741 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 $247 $64,488,627 475,723,771 31-Dec-39 1-Jan40 137% 328 $702,866 $230,390,195 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 485,238,246 31-Dec40 1-Jan-41 140% 328 $716,924 $234,997,999 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 494,943,011 31-Dec4l 1-Jan42 143% 328 $731,262 $239,697,959 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 504,841,871 31-Dec42 1-Jan-43 146% 328 $745,887 $244,491,918 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 514,938,709 31-Dec-43 1-Jan44 149% 328 $760,805 $249,381,757 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 525,237,483 31-Dec44 1-Jan-45 152% 328 $776,021 $254,369,392 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 535,742,232 31-Dec-45 1-Jan46 155% 328 $791,542 $259,456,780 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 546,457,077 31-Dec46 1-Jan-47 158% 328 $807,372 $264,645,915 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 $289 $75,558,705 557,386,219 31-Dec-47 1-Jan48 161% 328 $823,520 $269,938,834 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 $295 $77,069,879 568,533,943 31-Dec48 1-Jan-49 164% 328 $839,990 $275,337,610 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 $301 $78,611,277 579,904,622 31-Dec-49 1-Jan-50 167% 328 $856,790 $280,844,363 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 591,502,714 31-Dec-50 1-Jan-51 171% 328 $873,926 $286,461,250 450,413 $371 $166,979,333 645,373 $106 $68,105,014 261,360 $313 $81,787,172 603,332,769 31-Dec-51 1-Jan-52 174% 328 $891,404 $292,190,475 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 615,399,424 31-Dec-52 1-Jan-53 178% 328 $909,232 $298,034,284 450,413 $386 $173,725,298 645,373 $110 $70,856,456 261,360 $326 $85,091,374 627,707,413 31-Dec-53 1-Jan-54 181% 328 $927,417 $303,994,970 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 $86,793,202 640,261,561 31-Dec-54 1-Jan-55 185% 328 $945,965 $310,074,869 450,413 $401 $180,743,800 645,373 $114 $73,719,057 261,360 $339 $88,529,066 653,066,792 31-Dec-55 1-Jan-56 188% 328 $964,885 $316,276,367 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 666,128,128 31-Dec-56 1-Jan-57 192% 328 $984,182 $322,601,894 450,413 $417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 $92,105,640 679,450,690 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%. 3Provided by the Developer. EXHIBIT C-1.4 PROJECTED TAXABLE VALUE - 2028 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.4: Proiected Assessed Value - 2028 Develonmentl Residential Commercial Development 2.0% Single Family Residential Multi -Family Industrial Office Retail (Big Box) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Endin As Of` Factory Units' Unit Assessed Value Sq Ft' S�� Ft Assessed Value Sq Ft' Sff�� Ft 42 Assessed Value Sq Ft' S��{{Ft A. Assessed Value Sq Ft' S I Ft 43 Assessed Value Assessed Value 31-Dec13 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $0 0 $0 0 $0 0 31-Dec-24 1-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 31-Dec-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 31-Dec-28 1-Jan-29 110% 400 $565,289 $226,074,541 450,413 $240 $108,008,750 645,373 $68 $44,052,982 261,360 $202 $52,903,136 43,560 $92 $3,999,034 435,038,443 31-Dec-29 1-Jan-30 113% 400 $576,595 $230,596,032 450,413 $245 $110,168,925 645,373 $70 $44,934,041 261,360 $206 $53,961,198 43,560 $94 $4,079,015 443,739,212 31-Dec-30 1-Jan-31 115% 400 $588,127 $235,207,953 450,413 $249 $112,372,304 645,373 $71 $45,832,722 261,360 $211 $55,040,422 43,560 $96 $4,160,595 452,613,997 31-Dec-31 1-Jan-32 117% 400 $599,890 $239,912,112 450,413 $254 $114,619,750 645,373 $72 $46,749,376 261,360 $215 $56,141,231 43,560 $97 $4,243,807 461,666,276 31-Dec-32 1-Jan-33 120% 400 $611,887 $244,710,354 450,413 $260 $116,912,145 645,373 $74 $47,684,364 261,360 $219 $57,264,056 43,560 $99 $4,328,683 470,899,602 31-Dec-33 1-Jan-34 122% 400 $624,125 $249,604,561 450,413 $265 $119,250,388 645,373 $75 $48,638,051 261,360 $223 $58,409,337 43,560 $101 $4,415,257 480,317,594 31-Dec-34 1-Jan-35 124% 400 $636,608 $254,596,652 450,413 $270 $121,635,396 645,373 $77 $49,610,812 261,360 $228 $59,577,523 43,560 $103 $4,503,562 489,923,946 31-Dec-35 1-Jan-36 127% 400 $649,340 $259,688,585 450,413 $275 $124,068,104 645,373 $78 $50,603,029 261,360 $233 $60,769,074 43,560 $105 $4,593,634 499,722,425 31-Dec-36 1-Jan-37 129% 400 $662,327 $264,882,357 450,413 $281 $126,549,466 645,373 $80 $51,615,089 261,360 $237 $61,984,455 43,560 $108 $4,685,506 509,716,873 31-Dec-37 1-Jan-38 132% 400 $675,573 $270,180,004 450,413 $287 $129,080,455 645,373 $82 $52,647,391 261,360 $242 $63,224,144 43,560 $110 $4,779,216 519,911,211 31-Dec-38 1-Jan-39 135% 400 $689,085 $275,583,604 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 $247 $64,488,627 43,560 $112 $4,874,801 530,309,435 31-Dec-39 1-Jan40 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 43,560 $114 $4,972,297 540,915,624 31-Dec-40 1-Jan-41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 43,560 $116 $5,071,743 551,733,936 31-Dec-41 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 43,560 $119 $5,173,177 562,768,615 31-Dec-42 1-Jan-43 146% 400 $745,887 $298,300,556 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 43,560 $121 $5,276,641 574,023,987 31-Dec-43 1-Jan-44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 43,560 $124 $5,382,174 585,504,467 31-Dec-44 1-Jan-45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 43,560 $126 $5,489,817 597,214,556 31-Dec-45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 43,560 $129 $5,599,614 609,158,847 31-Dec-46 1-Jan-47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 $289 $75,558,705 43,560 $131 $5,711,606 621,342,024 31-Dec-47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 $295 $77,069,879 43,560 $134 $5,825,838 633,768,865 31-Dec-48 1-Jan-49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 $301 $78,611,277 43,560 $136 $5,942,355 646,444,242 31-Dec-49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 43,560 $139 $6,061,202 659,373,127 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $371 $166,979,333 645,373 $106 $68,105,014 261,360 $313 $81,787,172 43,560 $142 $6,182,426 672,560,590 31-Dec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 43,560 $145 $6,306,074 686,011,801 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 $173,725,298 645,373 $110 $70,856,456 261,360 $326 $85,091,374 43,560 $148 $6,432,196 699,732,037 31-Dec-53 1-Jan-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 $86,793,202 43,560 $151 $6,560,840 713,726,678 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $401 $180,743,800 645,373 $114 $73,719,057 261,360 $339 $88,529,066 43,560 $154 $6,692,057 728,001,212 31-Dec-55 1-Jan-56 188% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 43,560 $157 $6,825,898 742,561,236 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 $92,105,640 43,560 $160 $6,962,416 757,412,461 31-Dec-57 1-Jan-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 43,560 $163 $7,101,664 772,560,710 MuniCap. Inc. 'According to the Parker CountyAppraisal District and Tarrant Count Appraisal District property is assessed as of January 1 annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during constmction. 'Assumes an annual inflation factor of2.0%. 'Provided by the Developer. EXHIBIT C-1.5 PROJECTED TAXABLE VALUE - 2029 DEVELOPMENT wB00000 aS�aQp�o�a'�M��M'ra��aBMa�o�M �NNNNMNMNM----------- a aaaaa��r� 5 ------------------------------ m ? « eeeeeeeeeeeeeeeeeeeeeeeeeeee v j --------------------------w-w- 5 a > y � ag�v"'ioo w zs wzs wzs wzs wss-------------------- �'� wwwwwwzs wzs wzs wss wss wsswwwss wss wss wsz wszwwwwww o 0 0 o v c a c a c a c a c a c a c a c a c a c a c a v a c a c v c y r h r h r h r h r h r h r h r h h2 —2 —2 — h h ¢� wzs wzs wzs wss wss wsswwwwwwwwwwwwwwwwww 5 o 0 0 0 o v c v e v e v v v v v v v v v v v v v v v v v v v v v v v v 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o� c `V J `V J `V J J b J b J b — — ------4 �} w$A$ca�ca�ca�ca�ca�ca�cacaoco�ci�cit`acit`aci�ci�ci�ci�ci oMMMMMMMMMM M M M M M M M M M M m M m M m N m m m N m M m Mm 3 EXHIBIT C-1.6 PROJECTED TAXABLE VALUE - 2030 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.6: Proieeted Assessed Value - 2030 Develonfnentl Residential Commercial Development 2.0% Single Family Residential Mulu-Family Industrial O®ee MCA (Big Be,) Retail (Pad/Inlme) Year Assessed Inflation Value Per Prjected Value Per Projected Value Per Profited Value Per Prjected Value Per Projected Value Per P jetted ToialP jetted Ending As OP Factor' Units' " Assessed Value Sq Ft' sa F' Assessed Value Sq Ft' Assessed Value Sq Ft' s4 r' Assessed Value Sq Ft' Assessed Value Sq Ft' Sq Ft' Assessed Value Assessed Value 31-Deo-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 I-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 14 -27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 SO 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 SO 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 400 $588,127 $235,207,953 450,413 $249 $112,372,304 645,373 $71 $45,832,722 261,360 $2ll $55,040,422 45,738 $96 $4,368,625 32,670 $316 $10,320,079 463,142,106 31-Dec-31 1-Jan-32 117% 400 $599,890 $239,912,112 450,413 $254 $114,619,750 645,373 $72 $46,749,376 261,360 $215 $56,141,231 45,738 $97 $4,455,998 32,670 $322 $10,526,481 472,404,948 31-Dec-32 1-Jan-33 120% 400 $611,887 $244,710,354 450,413 $260 $116,912, 145 645,373 $74 $47,684,364 261,360 $20 557,264,056 45,738 $99 $4,545,118 32,670 $329 $10,737,010 481,853,047 31-Dec-33 1-Jan-34 122% 400 $624,125 $249,604,561 450,413 $265 $119,250,388 645,373 $75 $48,638,051 261,360 $223 $58,409,337 45,738 $101 $4,636,020 32,670 $335 $10,951,751 491,490,108 31-Dec-34 1-Jan-35 124% 400 $636,608 $254,596,652 450,413 $270 $121,635,396 645,373 $77 $49,610,812 261,360 $228 559,577,523 45,738 $103 $4,728,740 32,670 $342 $11,170,786 501,319,910 31-Dec-35 1-Jan-36 127% 400 $649,340 $259,688,585 450,413 $275 $124,068,104 645,373 $78 $50,603,029 261,360 $233 $60,769,074 45,738 $105 $4,823,315 32,670 $349 $11,394,201 511,346,308 31-Dec-36 1-Jan-37 129% 400 $662,327 $264,882,357 450,413 $28l $126,549,466 645,373 $80 $51,615,089 261,360 $237 561,984,455 45,738 $108 $4,919,781 32,670 $356 $11,622,085 521,573,234 31-Dec-37 1-Jan-38 132% 400 $675,573 $270,180,004 450,413 $287 $129,080,455 645,373 $82 $52,647,391 261,360 $242 $63,224,144 45,738 $110 $5,018,177 32,670 $363 $11,854,527 532,004,699 31-Dec-38 1-Jan-39 135% 400 $689,085 $275,583,604 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 $247 564,488,627 45,738 $112 $5,118,541 32,670 $370 $12,091,618 542,644,793 31-Dec-39 1-Jan4O 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 45,738 $114 $5,220,911 32,670 $378 $12,333,450 553,497,689 31-Dec40 1-Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580,119 564,567,642 31-Dec4l 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 575,858,995 31-Dec-02 1-Jan43 146% 400 $745,887 $298,300,556 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 587,376,175 31-Dec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 599,123,699 31-Dec-04 1-Jan45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 611,106,173 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 623,328,296 31-Dec46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 635,794,862 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 5295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 648,510,759 31-Dec-48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 661,480,974 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 674,710,594 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $37l $166,979,333 645,373 $106 $68,105,014 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 688,204,806 31-Dec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 701,968,902 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 5173,725,298 645,373 $110 $70,856,456 261,360 $326 585,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 716,008,280 31-Dec-53 1-Jaa-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 586,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 730,328,445 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $40l St80,743,800 645,373 $114 $73,719,057 261,360 $339 588,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 744,935,014 31-Dec-55 1-Jan-56 188% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 759,833,715 31-Dec-56 1-3an-57 192% 400 $984,182 $393,601,249 450,413 5417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 S92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 775,030,389 31-Dec-57 1-Jan-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 790,530,997 31-Dec-58 1-3an-59 200% 400 $1,023,943 $409,502,739 450,413 5434 $195,642,901 645,373 $124 $79,795,878 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 806,341,6t7 31-Dec-59 1-Jaa-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 645,373 $126 $81,391,796 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 822,468,449 0 M-CaP,1- 'Accordi,W theParker Cowry Appraisal Duum and Tamnt Count Appraisal Duum property is assessed asoflanuary lamually. During co con,theassessetl value represmis fie ponion ofNe building compleletl as oflanuaryl Assumes no asee.¢dvalue duringro ruction. 'Assumes an annual inflation tiGor of2.0%. 'Provid,d by the Developer. EXHIBIT C-1.7 PROJECTED TAXABLE VALUE - 2031 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.7: Pmieeted Assessed Value - Development 2.0% Year Assessed Inflation Ending As OP Factor' 2031 Develonmeutl Residential Single Family Residential Value Per Prjected Units' " Assessed Value Sq Ft' Mulu-Family Value Per sa F' Projected Assessed Value Sq Ft' Industnal Value Per Projected Assessed Value Sq Ft' O®ee Value Per s4 r' Commercial Prjected Assessed Value Sq Ft' Ret ut (Big Be,) Value Per Projected Assessed Value Sq Ft' Retail (Pad/Inlme) Value Per P jetted Sq Ft' Assessed Value Total P jetted Assessed Value 31-D-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 I-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 14 -27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 SO 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 SO 0 $92 $0 0 $304 SO 0 31-Dec-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 SO 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 400 $599,890 $239,912,112 450,413 $254 $114,619,750 645,373 $72 $46,749,376 261,360 $215 $56,141,231 45,738 $97 $4,455,998 32,670 $322 $10,526,481 472,404,948 31-Dec-32 1-Jan-33 120% 400 $611,887 $244,710,354 450,413 $260 $116,912, 145 645,373 $74 $47,684,364 261,360 $20 557,264,056 45,738 $99 $4,545,118 32,670 $329 $10,737,010 481,853,047 31-Dec-33 1-Jan-34 122% 400 $624,125 $249,604,561 450,413 $265 $119,250,388 645,373 $75 $48,638,051 261,360 $223 $58,409,337 45,738 $101 $4,636,020 32,670 $335 $10,951,751 491,490,108 31-Dec-34 1-Jan-35 124% 400 $636,608 $254,596,652 450,413 $270 $121,635,396 645,373 $77 $49,610,812 261,360 $228 559,577,523 45,738 $103 $4,728,740 32,670 $342 $11,170,786 501,319,910 31-Dec-35 1-Jan-36 127% 400 $649,340 $259,688,585 450,413 $275 $124,068,104 645,373 $78 $50,603,029 261,360 $233 $60,769,074 45,738 $105 $4,823,315 32,670 $349 $11,394,201 511,346,308 31-Dec-36 1-Jan-37 129% 400 $662,327 $264,882,357 450,413 $28l $126,549,466 645,373 $80 $51,615,089 261,360 $237 S61,984,455 45,738 $108 $4,919,781 32,670 $356 $11,622,085 521,573,234 31-Dec-37 1-Jan-38 132% 400 $675,573 $270,180,004 450,413 $287 $129,080,455 645,373 $82 $52,647,391 261,360 $242 $63,224,144 45,738 $110 $5,018,177 32,670 $363 $11,854,527 532,004,699 31-Dec-38 1-Jan-39 135% 400 $689,085 $275,583,604 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 $247 $64,488,627 45,738 $112 $5,118,541 32,670 $370 $12,091,618 542,644,793 31-Dec-39 1-Jan4O 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 45,738 $114 $5,220,911 32,670 $378 $12,333,450 553,497,689 31-Dec40 1-Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580,119 564,567,642 31-Dec4l 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 575,858,995 31-Dec-02 1-Jan43 146% 400 $745,887 $298,300,556 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 587,376,175 31-Dec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 599,123,699 31-Dec-04 1-Jan45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 611,106,173 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 623,328,296 31-Dec46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 635,794,862 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 5295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 648,510,759 31-Dec48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 661,480,974 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 674,710,594 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $37l $166,979,333 645,373 $106 $68,105,014 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 688,204,806 31-13ec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 701,968,902 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 5173,725,298 645,373 $110 $70,856,456 261,360 $326 585,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 716,008,280 31-Dec-53 1-Jaa-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 586,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 730,328,445 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $40l St80,743,800 645,373 $114 $73,719,057 261,360 $339 588,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 744,935,014 31-Dec-55 1-Jan-56 188% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 759,833,715 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 S92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 775,030,389 31-Dec-57 1-Jan-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 790,530,997 31-Dec-58 1Jan-59 200% 400 $1,023,943 $409,502,739 450,413 5434 $195,642,901 645,373 $124 $79,795,878 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 806,341,617 31-Dec-59 1-Jaa-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 645,373 $126 $81,391,796 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 822,468,449 31-Dec-60 1Jan-61 208% 400 $1,065,311 $426,046,650 450,413 5452 $203,546,875 645,373 $129 $83,019,632 261,360 $381 $99,698JO7 45,738 $173 $7,913,160 32,670 $572 $18,693,395 838,917,818 Munico Inc. �Accord.gtothe ParkerC.tyApprn.lD-a-dTamar Couat Appraisal lhaurtpropeny rsassess l..fJaaumy l annually Dunng consnvcnom Ne assessedvalue represrnts the p.rn.nof@e burldtag comple[N as ofleauaryl Assumes no asses dvalae dunng construceion. 'Assumes an annual .Flan.. factor of2.0%. 'Pr.n by the Developer. EXHIBIT C-1.8 PROJECTED TAXABLE VALUE - 2032 DEVELOPMENT �o�� w$00000000 -� - sso ll$a ----------------------- - s m ma ? eeeeeeeeeeeeeeeeeeeeeIV V, V, V, IV a... ass - <� ------e ---------------------- `�� NNNNNNNNNNNNNNNNNNNNNNNNNNNNNN v> sa = s_ ----------------- - - - - -- 5" m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 8 5 w ¢ N N --w-w-w-w-w-w-w-w-w-w-- g w wg---wd,w d,w d,w w,w w,wwwwww w«, 2 58 fi o 0 0 0 0 0 o c a c a c a c a c a c a c a c a c a c a v a c a c a c v v v > r c o - w - - - - - o g a _ ¢ �w�w�w�w�wwwwwwwwwwwwwwwwwwwww - g ,�> d,wd,wd,wd,w d,w d,w d,w d,w d,wwwwwwwwwwwwwww d,�d,�d, o€' ti � a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 0 0 0 0 o e c e v c c c c c v c c c v c v c v c v c v c v c v c v c v 3 ❑ � oeNrvNrvN��,MMM,".; o °M^^4 V q oq � o ____________________________�€$ m s k; N------------ ---4 4 4 4 4 4 4 4 4 4 ------ � �r w�ca�ca�ca�ca�ca�ca�ca�cacaoco�ci�cit`acit`aci�ci�ci�ci�ci�ci� o ;� � s s EXHIBIT C-1.9 PROJECTED TAXABLE VALUE - 2033 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.9: Proieeted Assessed Value - Development 2.0% Year Assessed Inflation Ending As OP Factor' 2033 Develonmentl Residential Single Family Residential Value Per Prjecled Units' " Assessed Value Sq Ft' Mulu-Family Value Per sa F' Projected Assessed Value Sq Ft' Industnal Value Per Projected Assessed Value Sq Ft' O®ee Value Per s4 r' Commercial Prjected Assessed Value Sq Ft' Ret ut (Big Be,) Value Per Projected Assessed Value Sq Ft' Retail (Pad/Inlme) Value Per P jetted Sq Ft' Assessed Value Total P jetted Assessed Value 31-D-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 I-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 14 -27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 SO 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 SO 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $21t SO 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dec-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 SO 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 400 $624,125 $249,604,561 450,413 $265 $119,250,388 645,373 $75 $48,638,051 261,360 $223 $58,409,337 45,738 $101 $4,636,020 32,670 $335 $10,951,751 491,490,108 31-Dec-34 1-Jan-35 124% 400 $636,608 $254,596,652 450,413 $270 $121,635,396 645,373 $77 $49,610,812 261,360 $228 559,577,523 45,738 $103 $4,728,740 32,670 $342 $11,170,786 501,319,910 31-Dec-35 1-Jan-36 127% 400 $649,340 $259,688,585 450,413 $275 $124,068,104 645,373 $78 $50,603,029 261,360 $233 $60,769,074 45,738 $105 $4,823,315 32,670 $349 $11,394,201 511,346,308 31-Dec-36 1-Jan-37 129% 400 $662,327 $264,882,357 450,413 $28l $126,549,466 645,373 $80 $51,615,089 261,360 $237 561,984,455 45,738 $108 $4,919,781 32,670 $356 $11,622,085 521,573,234 31-Dec-37 1-Jan-38 132% 400 $675,573 $270,180,004 450,413 $287 $129,080,455 645,373 $82 $52,647,391 261,360 $242 $63,224,144 45,738 $110 $5,018,177 32,670 $363 $11,854,527 532,004,699 31-Dec-38 1-Jan-39 135% 400 $689,085 $275,583,604 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 $247 564,488,627 45,738 $112 $5,118,541 32,670 $370 $12,091,618 542,644,793 31-Dec-39 1-Jan4O 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 45,738 $114 $5,220,911 32,670 $378 $12,333,450 553,497,689 31-Dec40 1-Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580,119 564,567,642 31-Dec4l 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 575,858,995 31-Dec-02 1-Jan43 146% 400 $745,887 $298,300,556 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 587,376,175 31-Dec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 599,123,699 31-Dec-04 1-Jan45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 611,106,173 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 623,328,296 31-Dec46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 635,794,862 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 5295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 648,510,759 31-Dec48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 661,480,974 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 674,710,594 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $37l $166,979,333 645,373 $106 $68,105,014 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 688,204,806 31-13ec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 701,968,902 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 5173,725,298 645,373 $110 $70,856,456 261,360 $326 585,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 716,008,280 31-Dec-53 1-Jaa-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 586,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 730,328,445 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $40l St80,743,800 645,373 $114 $73,719,057 261,360 $339 588,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 744,935,014 31-Dec-55 1-Jan-56 188% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 759,833,715 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 S92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 775,030,389 31-D-57 1-Jaa-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 790,530,997 31-Dec-58 1Jan-59 200% 400 $1,023,943 $409,502,739 450,413 5434 $195,642,901 645,373 $124 $79,795,878 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 806,341,6t7 31-Dec-59 1-Jan-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 645,373 $126 $81,391,796 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 822,468,449 31-Dec-60 1Jan-61 208% 400 $1,065,311 $426,046,650 450,413 5452 $203,546,875 645,373 $129 $83,019,632 261,360 5381 599,698JO7 45,738 $173 $7,913,160 32,670 $572 $18,693,395 838,917,818 31-Dec-61 1-Jan-62 212% 400 $1,086,617 $434,567,583 450,413 $461 $207,617,812 645,373 $131 $84,680,025 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 855,696,174 31-Dec-62 1Jan-63 216% 400 $1,108,349 $443,258,934 450,413 $470 $211,770, 168 645,373 $134 $86,373,625 261,360 $397 $t03,725,9tO 45,738 $180 $8,232,851 32,670 $595 $19,448,608 872,810,098 Mwica Inc. �Accordmg to the Parker Cowty Appmisal Dumctaad Tarrant Count Appraisal Dhsmct property -ssess l asoflaaumy l ammally Dunng coruvucnom Ne assessedvalue represrnts the portion of@e burldtag comple[N as ofleauaryl Assumes no asses dvalae dunng corimvceion. 'Assumes an amual inFlanon factor of2.0%. 'Pr.r by the Developer. EXHIBIT C-1.10 PROJECTED TAXABLE VALUE - 2034 DEVELOPMENT wB000000---- Bo a .S. ------------------------------ ��MMMMMMMMMMMMMMaaaa aaaaa��,�r�r�r�m «,---- - MSS — � ......... y o00000000 a v > ' a S- d. «3 d. «3 ... «3----w------------- > y Iv 5" 5 owwwwwww�w� Nye ¢ --w-w-w-w-w-w-w-w-w-w-w-- g w .. 5 � �' �'� wd,w d,w d,w d,w d,w d,w d,w d,wg wwwd,w d,w d,w w,w w,wwwwww wwww 2 o' o r ..........h- h- h- h- h- h- h- h- r- r ¢ �w�w�w�wwwwwwwwwwwwwwwwwwwww w > w�. .. ....,.., we'gw�wd,w d,www w w w w w w w.. ti a �000000000o evevvvvvvvvvvvvvvvvvvvvvvvvvcv 3 0 c `V J `V J `V J J b J b J b —- - - - - - - - - - - - - - J- J- — b- b- ` N �r w�ca�ca�ca�ca�ca�ca�ca�cacaoco�ci�cit`acit`aci�ci�ci�ci�ci�ci�� o a � � s EXHIBIT C-1.11 PROJECTED TAXABLE VALUE - 2035 DEVELOPMENT wB00000...... ova ��MMMMMMMMMMMMMMaaaa aaaaa��r�r�r�� s------------ m y o00000000o n�n�n�n�n�n��n�n�n�n�n��n�n� v > � na � 7 N 5 wwwvrw vrw vaw vaw m g m � v�i -------------------------- 0. ��''�www�w�w�w�w�w�w�wgwww�w�w�w�w�wwwwww�wwwww o 0 0 0 0 0 0 0 0 o y v a a c a c a c a c a c a c a c a v a c a c a c a c v v v v w�w�w�wwwwwwwwwwwwwwwwwwwww ww �> � wd,w d,w d,w d,w d,we � �wd,w d,wwwwwwwwwwwww� °d;Po w�d.�wd.w d. c ti y o 0 0 0 0 0 0 0 0 0 o v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v a' N S w _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ A A A N N H ry c ,"•; :R ,`; °.,° °; 4 V °'^° E; `4 ° `4 Q_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ `V J `V J `V J J b J b J b —- - - - - - - - - - - - - - J- J- — b- — - - - - - - - ci t`a ci t`a ci ci ci ci ci ci � ci c — ea EXHIBIT C-1.12 PROJECTED TAXABLE VALUE - 2036 DEVELOPMENT w$000000------ 0 � sso ---------- -$a o ------------------------------ --------------------------- s m ma ? eeeeeeeeeeeeeeeeeeeeeeeeee« ee - <� ---e---------- --- ----- ov- v> sa s_ ----------------- - - - - -- 5" m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 8 5 r o o Im wwawawawawa ¢ -w---w-w-w-w-w-w-w-w-w-w-w-w-- g w .. 5 � �' �'� d,w d,w d,w d,w d,w d,w d,w d,wg wwwd,w d,w d,w w,w w,wwwwww wwwwww 2 8 o' o 0 0 0 0 0 0 0 0 0 o c a c a c a c a c a c a c a c a v a c a c a c a c a c v e v wa-aa-R Ra-R --a- g v11 v �w�w�wwwwwwwwwwwwwwwwwwwww www ti a o 0 0 0 0 0 0 0 0 0 0 o Sw �_.._.. _.. _.. _.. _.. _.._.. _.. _.. _.-._.-._.-. ... .-. ... .-. ... .. ... ..A A NN NN H o - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -. � o k �r w�ca�ca�ca�ci�ci�ci�ci�cicaoco�o�oc`aacit`aci�ci�ci�ci�ci�ci��c",a� N e -m ------ -- o -- a o.- ---- o -- a 4 4 4 4 4 4 4 4 4 4 a e g'� 1� EXHIBIT C-1.13 PROJECTED TAXABLE VALUE - 2037 DEVELOPMENT wB000000------000 a a nS SSo �rvrvrvrvMMMMMMMMMMMMMMaaaa aaaaa��,�r�r�r�mm -------------- 5 m ? Qeeeeeeeeeeeeeeeeeeeeeeee - - - --- MSS — d3a _ 0 0 0 0 0 0 0 0 0 0 0 o v > ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry ry $ ad. a d. a w a.A a.A a.r. � y 5 Iv m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 8 5 d v°S > rooIm� w w�w�w�w�w�w Mg��r ¢ w�-- w- w- w- w- w- w- w- w- w- w- w-w-w- ��'� ww�w�w�w�w�w�w�wgwww�w�w�w�w�wwwwww�wwwwwww 8 o 0 0 0 0 0 0 0 0 0 0 o a c a c a c a c a c a c a c a v a c a c a c a c a c v e v v . wa-aa-R Ra-R .ww -g „ ¢ v v w�w�wwwwwwwwwwwwwwwwwwwww wwww ,� d,w d,w d,w d,w d,w d, d,w d,w d,wwwwwwwwwwwwwww d,�d,�d,�«,�«,� c ti y a' .............. v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v c � o v N ry N ry N � �, M M M ,"•; :R ,`; °.,° °; 4 V 4 V 4 V 4 V 4 V � '^ ,`;, � 'e � ° 'r^ °'^° E; `4 ° `4 ° `4 � `4 `4 a' - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8 - �} w$A$ca�ca�ci�ci�ci�ci�cicaoco�ci�cic`aacit`aci�ci�ci�ci�ci�ci��c",a�ci —------------- J - J - J — ` — ` — `- c � � � eaQ MMMMMMMMMMMMMMMMMMMMmMmMmMmmmMmMmM«, M, «,M«, M, r, M, r, � a a 5 EXHIBIT C-1.14 PROJECTED TAXABLE VALUE - 2038 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1 Ina Pr.,i�ted Assessed Value - Development 2.0% year Assessed Inflation Ending As OP Factor' 2038 Develoumentl Residential Single Family Residential Value Per Prjected Units' n Assessed Value Sq Ft' Multi -Family Value Per sa F' Projected Assessed Value Sq Ft' Industnal Value Per Projected Assessed Value Sq Ft' O®ee Value Per sa F' Commercial Prjected Assessed Value Sq Ft' Reunt (Big Be,) Value Per Projected Assessed Value Sq Ft' Retail (Pad/Inlme) Value Per P jetted Sq Ft' Assessed Value TOWP jetted Assessed Value 31-D-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dee-24 I-Jan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dee-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 SO 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dee-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 SO 0 $92 $0 0 $304 SO 0 31-Dec-29 1-Jau-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dee-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 SO 0 $96 $0 0 $316 SO 0 31-Dec-31 1-Jau-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dee-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 SO 0 $99 $0 0 $329 SO 0 31-Dec-33 1-Jau-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dee-34 1Jan-35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 5228 SO 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jau-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dee-36 1Jan-37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 5237 SO 0 $108 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dee-38 1Jan-39 135% 400 $689,085 $275,583,604 450,413 $292 $131,662,064 645,373 $83 $53,700,339 261,360 5247 $64,488,627 45,738 $112 $5,118,541 32,670 $370 $12,091,618 542,644,793 31-Dec-39 1-Jan4O 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 45,738 $114 $5,220,911 32,670 $378 $12,333,450 553,497,689 31-Dec40 1-Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 5257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580,119 564,567,642 31-Dec4l 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 575,858,995 31-Dec42 1-Jan43 146% 400 $745,887 $298,300,556 450,413 $316 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 587,376,175 31-Dec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 599,123,699 31-Dec44 1-Jan45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 611,106,173 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 623,328,296 31-Dec46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 635,794,862 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 5295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 648,510,759 31-Dec48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 661,480,974 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 674,710,594 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $37l $166,979,333 645,373 $106 $68,105,014 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 688,204,806 31-13ec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 701,968,902 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 5173,725,298 645,373 $110 $70,856,456 261,360 $326 585,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 716,008,280 31-Dec-53 1-Jau-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,586 261,360 $332 586,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 730,328,445 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $40l St80,743,800 645,373 $114 $73,719,057 261,360 $339 588,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 744,935,014 31-Dec-55 1-Jan-56 188% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 759,833,715 31-Dec-56 1-3an-57 192% 400 $984,182 $393,601,249 450,413 $417 $188,045,849 645,373 $119 $76,697,307 261,360 $352 S92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 775,030,389 31-Dec-57 1-Jan-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 790,530,997 31-Dec-58 1-3an-59 200% 400 $1,023,943 $409,502,739 450,413 5434 $195,642,901 645,373 $124 $79,795,878 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 806,341,6t7 31-Dec-59 1-Jau-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 645,373 $126 $81,391,796 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 822,468,449 31-Dec-60 1Jan-61 208% 400 $1,065,311 $426,046,650 450,413 5452 $203,546,875 645,373 $129 $83,019,632 261,360 $381 599,698JO7 45,738 $173 $7,913,160 32,670 $572 $18,693,395 838,917,818 31-Dec-61 1-Jau-62 212% 400 $1,086,617 $434,567,583 450,413 $461 $207,617,812 645,373 $131 $84,680,025 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 855,696,174 31-Dec-62 1-3 -63 216% 400 $1,108,349 $443,258,934 450,413 5470 5211,770, 168 645,373 $134 $86,373,625 261,360 $397 $t03,725,9tO 45,738 $180 $8,232,851 32,670 $595 $19,448,608 872,810,098 31-Dec-63 1-Jau-64 221% 400 $1,130,516 $452,124,113 450,413 $480 $216,005,572 645,373 $137 $88,101,098 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 890,266,300 31-Dec-64 1Jan-65 225% 400 $1,153,127 $461,166,595 450,413 5489 5220,325,683 645,373 $139 $89,863,120 261,360 $4l3 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 908,071,626 31-Dec-65 1-Jan-66 230% 400 $1,176,189 $470,389,927 450,413 $499 5224,732,197 645,373 $142 $91,660,382 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 926,233,058 31-Dec-66 1Jan-67 234% 400 $1,199,713 $479,797,726 450,413 5509 5229,226,841 645,373 $145 $93,493,590 261,360 5430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 944,757,719 31-Dec-67 1-Jau-68 239% 400 $1,223,707 $489,393,680 450,413 $519 $233,811,378 645,373 $148 $95,363,461 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 963,652,874 m-c.p, Inc 'According to the Parker Cowry Appraisal DuniG and Tamnt Count Appraisal District property is assessed as oflanuary 1 annually. During construction, the assessetl value represmis fie ponion ofNe building compleletl as oflanuary 1 Assumes no rise.¢ d value during coMruction. 'Assumes an annual iofladoo hGor o[2.0%. 'Pmvid,d by the Developer. EXHIBIT C-1.15 PROJECTED TAXABLE VALUE - 2039 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1 15: Pr.,i�ted Assessed Value - Developfneut 2.0% Year Assessed Inflation Endmg As OP Factor' 2034 Develonmentl Residential Single Family Residential Value Per Projected Units' " Assessed Value Sq Ft' Muln-Family Value Per s"r' Projected Assessed Value Sq Ft' Industnal Value Per Projected Assessed Value Sq Ft' O®ee Value Per s"r' Commercial Projected Assessed Value Sq Ft' Retail (Btg Box) Value Per Projected Assessed Value Sq Ft' Retail (Pad/Inlme) Value Per Projected Sq Ft° Assessed Value Total Projected Assessed Value 31-Dec-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dee-24 IJan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dee-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dee-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-D-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-D-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-D-31 1-Jan-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dee-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-D-33 1-Jan-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-D-34 1Jan-35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-D-35 1-Jmt-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1Jan-37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Deo-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1Jan-39 135% 0 $689,085 $0 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan4O 137% 400 $702,866 $281,095,276 450,413 $298 $134,295,305 645,373 $85 $54,774,345 261,360 $252 $65,778,400 45,738 $114 $5,220,911 32,670 $378 $12,333,450 553,497,689 31-Dec40 1-Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 645,373 $87 $55,869,832 261,360 $257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580, 119 564,567,642 31-1)ec-01 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 645,373 $88 $56,987,229 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 575,858,995 31-Dec42 1J-43 146% 400 $745,887 $298,300,556 450,413 $3l6 $142,515,252 645,373 $90 $58,126,974 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 587,376,175 31-1)ec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 645,373 $92 $59,289,513 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 599,123,699 31-Dcc44 1Jaa45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 645,373 $94 $60,475,303 261,360 5278 572,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 611, 106, 173 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 645,373 $96 $61,684,809 261,360 5283 574,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 623,328,296 31-Dcc46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 645,373 $97 $62,918,506 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 635,794,862 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 645,373 $99 $64,176,876 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 648,510,759 31-Dcc48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 645,373 $101 $65,460,413 261,360 Mt $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 661,480,974 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 645,373 $103 $66,769,621 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 674,710,594 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $371 $166,979,333 645,373 $106 $68,105,014 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 688,204,806 31-D-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 645,373 $108 $69,467,114 261,360 $319 $83,422,916 45,738 $145 $6,621,379 32,670 $479 $15,641,797 701,968,902 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 $173,725,298 645,373 $I10 $70,856,456 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 716,008,280 31-D-53 1-Jan-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 645,373 $112 $72,273,596 261,360 $332 $86,793,202 45,738 $151 $6,888,992 32,670 $498 $16,273,725 730,328,445 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $401 $180,743,800 645,373 $114 $73,719,057 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 744,935,014 31-D-55 1-Jm-56 199% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 645,373 $117 $75,193,438 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 759,833,715 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $40 $188,045,849 645,373 $119 $76,697,307 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 775,030,389 31-Deo-57 1-Jan-58 196% 400 $1,003,966 $401,473,274 450,413 $426 $191,806,766 645,373 $121 $78,231,253 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 790,530,997 31-Dec-58 1-Jan-59 200% 400 $1,023,943 $409,502,739 450,413 $434 $195,642,901 645,373 $124 $79,795,878 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 806,341,617 31-Deo-59 1-Jan-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 645,373 $126 $81,391,796 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 822,468,449 31-Dec-60 1-Jan-61 208% 400 $1,065,311 $426,046,650 450,413 $452 $203,546,875 645,373 $129 $83,019,632 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 838,917,818 31-Deo-61 1-Jan-62 212% 400 $1,086,617 $434,567,583 450,413 $461 $207,617,812 645,373 $131 $84,680,025 261,360 $389 $101,692,069 45,738 $176 $9,071,423 32,670 $584 $19,067,263 855,696,174 31-Dec-62 1-Janfi3 216% 400 $1,108,349 $443,258,934 450,413 $470 $211,770,168 645,373 $134 $86,373,625 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 872,810,098 31-Dec-63 1-Jan-64 221% 400 $1,130,516 $452,124,113 450,413 $480 $216,005,572 645,373 $137 $88,101,098 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 890,266,300 31-Dec-64 1-Jau 65 225% 400 $1,153,127 $461,166,595 450,413 $489 $220,325,683 645,373 $139 $89,863,120 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 908,071,626 31-1)ec-65 1-Jan-66 230% 400 $1,176,189 $470,389,927 450,413 $499 $224,732,197 645,373 $142 $91,660,382 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 926,233,058 31-Dec-66 1-Jau-67 234% 400 $1,199,713 $479,797,726 450,413 $509 $229,226,841 645,373 $145 $93,493,590 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 944,757,719 31-D,,"7 1-Jan-68 239% 400 $1,223,707 $489,393,680 450,413 $519 $233,811,378 645,373 $148 $95,363,461 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 963,652,874 31-Dec-68 1-Jan-69 244% 400 $1,248,181 $499,181,554 450,413 $529 $238,487,605 645,373 $151 $97,270,731 261,360 $447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 982,925,931 M icn Inc �Accordmgtothe ParkerC.tyAppraisal Dumctand Tarrant Count Apprmsal Manusany -ssess I..fJaaumy l annually Dunng coruvucnom Ne assessedvalue represrnts the portion of@e budding comple[N as ofleauaryl Assumes no assessed value dunng wnstruceion. 'Assumes an annual inFlanon factor of2.0%. 'RovndW by the Developer. EXHIBIT C-1.16 PROJECTED TAXABLE VALUE - 2040 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1 16: Pr.,i�ted Assessed Value - 2040 DeveloDmentl Residential Commercial D-loprrwnt 2.0% Single Family Residential Muln-Family Industnal O®ee Retail (Btg Box) Retail (Pad/Inlme) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Endmg As OP Factor' Units' n Assessed Value Sq Ft' s"r' Assessed Value Sq Ft' Assessed Value Sq Ft' s"r' Assessed Value Sq Ft' Assessed Value Sq Ft' Sq Ft' Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dee-24 IJan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dee-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dee-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-D-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-D-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-D-31 1-Jan-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dee-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-D-33 1-Jan-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-D-34 1Jan-35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-D-35 1-Jmt-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1Jan-37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Deo-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1Jan-39 135% 0 $689,085 $0 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $702,866 $0 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-1)ec40 1Jan41 140% 400 $716,924 $286,717,182 450,413 $304 $136,981,212 301,871 $87 $26,132,924 261,360 $257 $67,093,968 45,738 $116 $5,325,330 32,670 $385 $12,580, 119 534,830,734 31-1)ec-01 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 301,871 $88 $26,655,583 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 545,527,349 31-Dec42 1J-43 146% 400 $745,887 $298,300,556 450,413 $3l6 $142,515,252 301,871 $90 $27,188,694 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 556,437,896 31-1)ec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 301,871 $92 $27,732,468 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 567,566,654 31-Dcc44 1Jaa45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 301,871 $94 $28,287,118 261,360 5278 572,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 578,917,987 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 5283 574,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 590,496,347 31-Dcc46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 602,306,273 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 614,352,399 31-Dcc48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 Mt $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 626,639,447 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 639,172,236 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 651,955,681 31-D-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 664,994,794 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 $173,725,298 301,871 $I10 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 678,294,690 31-D-53 1-Jan-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 301,871 $112 $33,905,724 261,360 $332 $86,793,202 45,738 $151 $6,888,892 32,670 $498 $16,273,725 691,860,584 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 705,697,796 31-D-55 1-Jm-56 199% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 719,811,751 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $40 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 734,207,986 31-Deo-57 1-Jan-58 196% 400 $1,003,966 $401,473,274 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 748,892,146 31-Dec-58 1-Jan-59 200% 400 $1,023,943 $409,502,739 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 763,869,989 31-Deo-59 1-Jan-60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 779,147,389 31-Dec-60 1-Jan-61 208% 400 $1,065,311 $426,046,650 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 794,730,337 31-Deo-61 1-Jan-62 212% 400 $1,086,617 $434,567,583 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $9,071,423 32,670 $584 $19,067,263 810,624,943 31-Dec-62 1-Janfi3 216% 400 $1,108,349 $443,258,934 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 826,837,442 31-Dec-63 1-Jan-64 221% 400 $1,130,516 $452,124,113 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 843,374,191 31-Dec-64 1-Jau 65 225% 400 $1,153,127 $461,166,595 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 860,241,675 31-1)ec-65 1-Jan-66 230% 400 $1,176,189 $470,389,927 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 877,446,508 31-Dec-66 1-Jau-67 234% 400 $1,199,713 $479,797,726 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 894,995,439 31-1)ecfi7 1-Jan-68 239% 400 $1,223,707 $489,393,680 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 912,895,347 31-Dec-68 1-Jau-69 244% 400 $1,248,181 $499,181,554 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 5447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 931,153,254 31-D,,"9 1-Jan-70 249% 400 $1,273,145 $509,165,185 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 949,776,319 0 kl-c p, Inc 'According to theParker Cowry Appraisal DuniG and TaruaaC- Appmisal Duum property is asswd asoflanuary l annually. During co c,theassessetl value represenlstM1e portion ofNe building compleletl as oflanuaryl Assumes no aseecedvalue during consrcuction. 'Assumes an annual iofladoo hGor of2.0%. 'Pmvid,d by the Developer. EXHIBIT C-1.17 PROJECTED TAXABLE VALUE - 2041 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.17, Proiected Assessed Value - Development 2.0% Year Assessed Inflation Ending As OP Factor' 2041 Develoumentl Residential Single Family Residential Value Per Projected Units, " Assessed Value Sq Ft' M iln-Family Value Per s"r' Projected Assessed Value Sq Ft' Industnal Value Per Projected Assessed Value Sq Ft' O®ee Value Per sa r' Commercial Projected Assessed Value Sq Ft' Retail (Btg Box) Value Per Projected Assessed Value Sq Ft' Retail (Pad/Inlme) Value Per Projected Sq Ft° Assessed Value Total Projected Assessed Value 31-Dac-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dee-24 IJan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jau-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dee-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 so 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dee-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 so 0 31-D-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dee-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 so 0 31-D-31 1-Jan-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-D-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-1 -35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-1 -37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Deo-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-1 -39 135% 0 $689,085 $0 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $702,866 $0 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-Dec40 1-1an41 140% 0 $716,924 $0 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 $0 0 31-1)ec4l 1-Jan42 143% 400 $731,262 $292,451,526 450,413 $310 $139,720,836 301,871 $88 $26,655,583 261,360 $262 $68,435,847 45,738 $119 $5,431,836 32,670 $393 $12,831,721 545,527,349 31-1)ec42 1J-43 146% 400 $745,887 $298,300,556 450,413 Btii $142,515,252 301,871 $90 $27,188,694 261,360 $267 569,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 556,437,896 31-1)ec43 1-Jan44 149% 400 $760,805 $304,266,567 450,413 $323 $145,365,558 301,871 $92 $27,732,468 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 567,566,654 31-Dcc44 1J-45 152% 400 $776,021 $310,351,899 450,413 $329 $148,272,869 301,871 $94 $28,287,118 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 578,917,987 31-Dec45 1-Jan46 155% 400 $791,542 $316,558,936 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 590,496,347 31-Dcc46 1-Jan47 158% 400 $807,372 $322,890,115 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 602,306,273 31-Dec47 1-Jan48 161% 400 $823,520 $329,347,918 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 5295 577,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 614,352,399 31-Dcc48 1-Jan49 164% 400 $839,990 $335,934,876 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 626,639,447 31-Dec49 1-Jan-50 167% 400 $856,790 $342,653,573 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 639,172,236 31-Dec-50 1-Jan-51 171% 400 $873,926 $349,506,645 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 651,955,681 31-Dec-51 1-Jan-52 174% 400 $891,404 $356,496,778 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 664,994,794 31-Dec-52 1-Jan-53 178% 400 $909,232 $363,626,713 450,413 $386 $173,725,298 301,871 $I10 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 678,294,690 31-D-53 1-Jan-54 181% 400 $927,417 $370,899,248 450,413 $393 $177,199,803 301,871 $112 $33,905,724 261,360 $332 $86,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 691,860,584 31-Dec-54 1-Jan-55 185% 400 $945,965 $378,317,233 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 705,697,796 31-D-55 1-Jan-56 199% 400 $964,885 $385,883,577 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 719,811,751 31-Dec-56 1-Jan-57 192% 400 $984,182 $393,601,249 450,413 $40 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 734,207,986 31-Deo-57 1-Jan-58 196% 400 $1,003,866 $401,473,274 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 748,892,146 31-Dec-58 1-Jan-59 200% 400 $1,023,943 $409,502,739 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 763,869,989 31-Deo-59 1-Jan60 204% 400 $1,044,422 $417,692,794 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,759,000 32,670 $561 $18,326,858 779,147,389 31-Dec-60 1-Jan-61 208% 400 $1,065,311 $426,046,650 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 794,730,337 31-Dec-61 1-Jan62 212% 400 $1,086,617 $434,567,583 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 810,624,943 31-Dec-62 1-Jau63 216% 400 $1,108,349 $443,258,934 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 826,837,442 31-Dec-63 1-Jan64 221% 400 $1,130,516 $452,124,113 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 843,374,191 31-Dec64 1-Jan65 225% 400 $1,153,127 $461,166,595 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 860,241,675 31-Dec-65 1-Jan-66 230% 400 $1,176,189 $470,389,927 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 877,446,508 31-Dec66 1-Jan-67 234% 400 $1,199,713 $479,797,726 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 5112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 894,995,439 31-Dec-67 1-Jan68 239% 400 $1,223,707 $489,393,680 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 912,895,347 31-Dec68 1-Jaa69 244% 400 $1,248,181 $499,181,554 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 5116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 931,153,254 31-Dec-69 1-Jan-70 249% 400 $1,273,145 $509,165,185 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 949,776,319 400 $1,298,608 $519,348,489 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 $465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 968,771,846 Munico I" �Accordmgtothe ParkerC.tyAppua.l Dunis.aITarnmt Couat Appraisal Mauutp -, -ssess I..fJaaumy l annually Dunng consnvcnom Ne assessedvalue npresrnts the portion of@e budding comple[N as ofleauaryl Assumes no assessed value dunng wrimvceion. 'Assumes an annual nal- factor of2.0%. 'ft.&I by the Developer. EXHIBIT C-1.18 PROJECTED TAXABLE VALUE - 2042 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.18, Proimted Assessed Value - 2042 Develonmentl Residential Commercial D-lopinent 2.0% Single Family Residential Muln-Family Industnal Office Retail (Btg Box) Retail (Pad/Inlme) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Endmg As OP Factor' Units' u".1 Assessed Value Sq Ft' s"r' Assessed Value Sq Ft' sa Assessed Value Sq Ft' a, Ft Assessed Value Sq Ft' sa Assessed Value Sq Ft' Sq Ft' Assessed Value Assessed Value 31-Dac-23 1-J--24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-D-24 IJan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-D-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 SO 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-D-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 SO 0 31-D-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-D-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 SO 0 31-D-31 1-Jan-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-D-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-1 -35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-1 -37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Deo-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-1 -39 135% 0 $689,085 $0 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan4O 137% 0 $702,866 $0 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-Dec40 1-1an41 140% 0 $716,924 $0 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 $0 0 31-1)ec4l1 1-Jan42 143% 0 $731,262 $0 0 $310 $0 0 $88 $0 0 $262 $0 0 $119 $0 0 $393 $0 0 31-1)ec42 1J-43 146% 72 $745,887 $53,808,638 450,413 $316 $142,515,252 301,871 $90 $27,188,694 261,360 $267 $69,804,564 45,738 $121 $5,540,473 32,670 $401 $13,088,356 311,945,977 31-1)ec43 1-Jan44 149% 72 $760,805 $54,884,810 450,413 $323 $145,365,558 301,871 $92 $27,732,468 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 318,184,897 31-Dcc44 1-Jan45 152% 72 $776,021 $55,982,507 450,413 $329 $148,272,869 301,871 $94 $28,287,118 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 324,548,595 31-Dec45 1-Jan46 155% 72 $791,542 $57,102,157 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 331,039,567 31-Dcc46 1-Jan47 158% 72 $807,372 $58,244,200 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 337,660,358 31-1)ec47 1-Jan48 161% 72 $823,520 $59,409,084 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 5295 577,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 344,413,565 31-Dcc48 1-Jan49 164% 72 $839,990 $60,597,266 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 5301 578,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 351,301,837 31-Dec49 1-Jan-50 167% 72 $856,790 $61,809,211 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 358,327,873 31-Dec-50 1-Jan-51 171% 72 $873,926 $63,045,395 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $3l3 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 365,494,431 31-D-51 1-Jan-52 174% 72 $891,404 $64,306,303 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 372,804,319 31-Dec-52 1-Jan-53 178% 72 $909,232 $65,592,429 450,413 $386 $173,725,298 301,871 $I10 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 380,260,406 31-D-53 1-Jan-54 181% 72 $927,417 $66,904,278 450,413 $393 $177,199,803 301,871 $112 $33,905,724 261,360 $332 $86,793,202 45,738 $151 $6,888,892 32,670 $498 $16,273,725 387,865,614 31-Dec-54 1-Jan-55 185% 72 $945,965 $68,242,363 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 395,622,926 31-D-55 1-Jan-56 199 72 $964,885 $69,607,210 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 403,535,385 31-Dec-56 1-Jan-57 192% 72 $984,182 $70,999,355 450,413 $40 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 411,606,092 31-Deo-57 1-Jan-58 196% 72 $1,003,866 $72,419,342 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 419,838,214 31-Dec-58 1-Jan-59 200% 72 $1,023,943 $73,867,729 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 428,234,978 31-Deo-59 1-Jan-60 204% 72 $1,044,422 $75,345,083 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 436,799,678 31-Dec-60 1-Jan-61 208% 72 $1,065,311 $76,851,985 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 445,535,672 31-Dec-61 1-Jan-62 212% 72 $1,086,617 $78,389,024 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 454,446,385 31-Dec-62 1-Janfi3 216% 72 $1,108,349 $79,956,805 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 463,535,313 31-Dec-63 1-Jan-64 221% 72 $1,130,516 $81,555,941 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 472,806,019 31-Dec-64 1-Jan-65 225% 72 $1,153,127 $83,187,060 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 482,262,139 31-Dec-65 1-Jan-66 230% 72 $1,176,189 $84,850,801 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 491,907,382 31-D-66 1-Jan-67 234% 72 $1,199,713 $86,547,817 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 501,745,530 31-Dec-67 1-Jm-68 239% 72 $1,223,707 $88,278,773 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 511,780,440 31-D-68 1-Jan-69 244% 72 $1,248,181 $90,044,349 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 5116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 522,016,049 31-Dec-69 1-Jan-70 249% 72 $1,273,145 $91,845,236 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 532,456,370 31-Dec-70 1-Jan-71 254% 72 $1,298,608 $93,682,141 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 $465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 543,105,498 31-Deo-71 1-Jan-72 259% 72 $1,324,580 $95,555,783 450,413 $562 $253,084,954 301,871 $160 $48,282,898 261,360 $474 $123,962,065 45,738 $215 $9,839,020 32,670 $711 $23,242,887 553,967,608 m-c.p, I- 'Accordingto the Parker Cowry Appraisal Duum-d Tamara Count Appraisal Dinw, property is rises as ofJ.aq l annually. During m c n,theassessetl value represmis fie ponion of[he building compleletl as oflanuaryl Assumes no aseecedvalue during coretruction. 'Assumes an annual iofladoo hGor o[2D%. 'Pmvid,d by the Developer. EXHIBIT C-1.19 PROJECTED TAXABLE VALUE - 2043 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Peale Ranch) Exhibit C-1.19, Proiected Assessed Value - 2043 Develoumentl Residential Commercial Developfneat 2.0% Single Family Residential Muln-Family Industnal O®ee Retail (Btg Box) Retail (Pad/Inlme) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Endmg As OP Factor' Umtst " Assessed Value Sq Ft' s"r' Assessed Value Sq Ft' Assessed Value Sq Ft' s"r' Assessed Value Sq Ft' Assessed Value Sq Ft' Sq Ft° Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% 0 $512,000 $0 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dee-24 IJan-25 102% 0 $522,240 $0 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $532,685 $0 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dee-26 1-Jan-27 106% 0 $543,338 $0 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $554,205 $0 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dee-28 1-Jan-29 110% 0 $565,289 $0 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-D-29 1-Jan-30 113% 0 $576,595 $0 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-D-30 1Jan-31 115% 0 $588,127 $0 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-D-31 1-Jmt-32 117% 0 $599,890 $0 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dee-32 1Jan-33 120% 0 $611,887 $0 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-D-33 1-Jmt-34 122% 0 $624,125 $0 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-D-34 1Jan-35 124% 0 $636,608 $0 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-D-35 1-Jmt-36 127% 0 $649,340 $0 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1Jan-37 129% 0 $662,327 $0 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Deo-37 1-Jan-38 132% 0 $675,573 $0 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1Jan-39 135% 0 $689,085 $0 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $702,866 $0 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-1)ec40 1Jan41 140% 0 $716,924 $0 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 so 0 31-Dec4l 1-Jan42 143% 0 $731,262 $0 0 $310 $0 0 $88 $0 0 $262 $0 0 $119 $0 0 $393 $0 0 31-Dcc42 1-Jan43 146% 0 $745,887 $0 0 $316 $0 0 $90 $0 0 $267 $0 0 $121 $0 0 $401 $0 0 31-Dec43 1-Jan44 149% 72 $760,805 $54,884,810 450,413 $323 $145,365,558 301,871 $92 $27,732,468 261,360 $272 $71,200,655 45,738 $124 $5,651,282 32,670 $409 $13,350,123 318,184,897 31-Dcc44 1Jaa45 152% 72 $776,021 $55,982,507 450,413 $329 $148,272,869 301,871 $94 $28,287,118 261,360 5278 572,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 324,548,595 31-Dec45 1-Jan46 155% 72 $791,542 $57,102,157 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 5283 574,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 331,039,567 31-Dcc46 1-Jan47 158% 72 $807,372 $58,244,200 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 5289 575,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 337,660,358 31-Dec47 1-Jan48 161% 72 $823,520 $59,409,084 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 344,413,565 31-Dcc48 1-Jan49 164% 72 $839,990 $60,597,266 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 Mt $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 351,301,837 31-Dec49 1-Jan-50 167% 72 $856,790 $61,809,211 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 358,327,873 31-Dec-50 1-Jan-51 171% 72 $873,926 $63,045,395 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 365,494,431 31-Dec-51 1-Jan-52 174% 72 $891,404 $64,306,303 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,379 32,670 $479 $15,641,797 372,804,319 31-Dec-52 1-Jan-53 178% 72 $909,232 $65,592,429 450,413 $386 $173,725,298 301,871 $I10 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 380,260,406 31-D-53 1-Jan-54 181% 72 $927,417 $66,904,278 450,413 $393 $177,199,803 301,871 $112 $33,905,724 261,360 $332 $86,793,202 45,738 $151 $6,888,992 32,670 $498 $16,273,725 387,865,614 31-Dec-54 1-Jan-55 185% 72 $945,965 $68,242,363 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 395,622,926 31-D-55 1-Jm-56 199% 72 $964,885 $69,607,210 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 403,535,385 31-Dec-56 1-Jan-57 192% 72 $984,182 $70,999,355 450,413 $40 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 411,606,092 31-Deo-57 1-Jan-58 196% 72 $1,003,866 $72,419,342 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 419,838,214 31-Dec-58 1-Jan-59 200% 72 $1,023,943 $73,867,729 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 428,234,978 31-Dec-59 1-Jan-60 204% 72 $1,044,422 $75,345,083 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 436,799,678 31-Dec-60 1-Jan-61 208% 72 $1,065,311 $76,851,985 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 445,535,672 31-Deo-61 1-Jan-62 212% 72 $1,086,617 $78,389,024 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $9,071,423 32,670 $584 $19,067,263 454,446,385 31-Dec-62 1-Janfi3 216% 72 $1,108,349 $79,956,805 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 463,535,313 31-Dec-63 1-Jan-64 221% 72 $1,130,516 $81,555,941 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 472,806,019 31-Dec-64 1-Jau 65 225% 72 $1,153,127 $83,187,060 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 482,262,139 31-De"5 1-Jan-66 230% 72 $1,176,189 $84,850,801 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 491,907,382 31-Dec-66 1-Jau-67 234% 72 $1,199,713 $86,547,817 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 501,745,530 31-De"7 1-Jan-68 239% 72 $1,223,707 $88,278,773 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 511,780,440 31-Dec-68 1-Jaa-69 244% 72 $1,248,181 $90,044,349 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 522,016,049 31-De"9 1-Jan-70 249% 72 $1,273,145 $91,845,236 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 532,456,370 31-Dec-70 1-]an-71 254% 72 $1,298,608 $93,682,141 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 5465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 543,105,498 31-Dec-71 1-Jan-72 259% 72 $1,324,580 $95,555,783 450,413 $562 $253,084,954 301,871 $160 $48,282,898 261,360 $474 $123,962,065 45,738 $215 $9,839,020 32,670 $711 $23,242,887 553,967,608 31-Dec-72 1-]an-73 264% 72 $1,351,072 $97,466,899 450,413 $573 $258,146,653 301,871 $163 $49,248,556 261,360 $484 $126,441,306 45,738 $219 $10,035,800 32,670 $726 $23,707,745 565,046,960 Mwica Inc. �Accordmg to the Parker Cowty Appraisal Dumctand Tarrant Count Apprmsal Manus property -ssess I as oflanuary l amorally Dunng coruvucnom Ne assessedvalue represrnts the portion of@e budding comple[N as oflenueryl Assumes no assessed value dunng wnstruceion. 'Assumes an annual inFlanon factor of2.0%. 'ft.&I by the Developer. EXHIBIT C-1.20 PROJECTED TAXABLE VALUE - 2044 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.20: Projected Assessed Value - 2044 Develonmentl Development Year Ending Assessed As Of+ 2.0% Inflation Factor Sq Ft' Residential Multi -Fundy Value Per Sq Ft Projected Assessed Value Sq Ft' Industrial Value Per Sq Ft Projected Assessed Value Sq Ft' Office Value Per Sq Ft Commercial Projected Assessed Value Sq Ft' Retail (Big Box) Value Per Projected Sq Ft Assessed Value Sq Ft' Retail (Pad/Inline) Value Per Projected Sq Ft Assessed Value Total Projected Assessed Value 31-Dec-23 1-Jan-24 100% 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 $0 0 31-Dec-41 1-Jan42 143% 0 $310 $0 0 $88 $0 0 $262 $0 0 $119 $0 0 $393 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 $267 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 1-Jan-44 149% 0 $323 $0 0 $92 $0 0 $272 $0 0 $124 $0 0 $409 $0 0 31-Dec-44 1-Jan-45 152% 450,413 $329 $148,272,869 301,871 $94 $28,287,118 261,360 $278 $72,624,669 45,738 $126 $5,764,308 32,670 $417 $13,617,125 268,566,088 31-Dec-45 1-Jan46 155% 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 273,937,410 31-Dec-46 1-Jan-47 158% 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 $289 $75,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 279,416,158 31-Dec-47 1-Jan48 161% 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 285,004,481 31-Dec-48 1-Jan-49 164% 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 $301 $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 290,704,571 31-Dec-49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 296,518,662 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 302,449,036 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 308,498,016 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 314,667,977 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 261,360 $332 $86,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 320,961,336 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 327,380,563 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 333,928,174 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 340,606,738 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 347,418,873 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 354,367,250 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 361,454,595 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 368,683,687 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 376,057,361 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 383,578,508 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 391,250,078 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 399,075,080 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 407,056,581 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 415,197,713 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 423,501,667 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 431,971,700 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 440,611,134 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 $465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 449,423,357 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 261,360 $474 $123,962,065 45,738 $215 $9,839,020 32,670 $711 $23,242,887 458,411,824 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 261,360 $484 $126,441,306 45,738 $219 $10,035,800 32,670 $726 $23,707,745 467,580,061 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 261,360 $493 $128,970,132 45,738 $224 $10,236,516 32,670 $740 $24,181,900 476,931,662 MtouCap, Ina '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 ofthe building completed as of January 1. Assumes no assessed value during construction. Assumes an annual inflation factor of2.0%. 'Provided by the Developer. EXHIBIT C-1.21 PROJECTED TAXABLE VALUE - 2045 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Valle Ranch) Exhibit C-1.21: Projected Acce rat value - 2045 Develoomentt Residential Commercial Development 2.0% Multi -Family Industrial Office Retail (Big Box) Retail (Pad/hdine) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Ending As Ot' Factor'' Sq Ft' Sq Ft Assessed Value 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 1-Jan-24 100% 0 $213 $0 0 $62 $0 0 $183 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 $0 0 31-Dec-41 1-Jan42 143% 0 $310 $0 0 $88 $0 0 $262 $0 0 $119 $0 0 $393 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 $267 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 1-Jan-44 149% 0 $323 $0 0 $92 $0 0 $272 $0 0 $124 $0 0 $409 $0 0 31-Dec-44 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 $278 $0 0 $126 $0 0 $417 $0 0 31-Dec-45 1-Jan46 155% 450,413 $336 $151,238,326 301,871 $96 $28,852,860 261,360 $283 $74,077,162 45,738 $129 $5,879,594 32,670 $425 $13,889,468 273,937,410 31-Dec-46 1-Jan-47 158% 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 $289 $75,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 279,416,158 31-Dec-47 1-Jan48 161% 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 285,004,481 31-Dec-48 1-Jan-49 164% 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 $301 $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 290,704,571 31-Dec-49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 296,518,662 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 302,449,036 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 308,498,016 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 314,667,977 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 261,360 $332 $86,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 320,961,336 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 327,380,563 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 333,928,174 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 340,606,738 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 347,418,873 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 354,367,250 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 361,454,595 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 368,683,687 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 376,057,361 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 383,578,508 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 391,250,078 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 399,075,080 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 407,056,581 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 415,197,713 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 423,501,667 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 431,971,700 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 440,611,134 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 $465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 449,423,357 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 261,360 $474 $123,962,065 45,738 $215 $9,839,020 32,670 $711 $23,242,887 458,411,824 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 261,360 $484 $126,441,306 45,738 $219 $10,035,800 32,670 $726 $23,707,745 467,580,061 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 261,360 $493 $128,970,132 45,738 $224 $10,236,516 32,670 $740 $24,181,900 476,931,662 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 261,360 $503 $131,549,535 45,738 $228 $10,441,246 32,670 $755 $24,665,538 486,470,295 0 m.,ac.p, Inc. 'According to the Parker County Appmrsal Drstnl and Tarrant Count Appmrsal Drstnct property is assessed as of January 1 annually. Dmmg constmchon, the assessed value represents the portion ofthe bmldmg completed as of January 1. Assumes no assessed value during construct - 'Assumes, an annual mflatmn factor of2.0%. 'Pravrded by the Developer. EXHIBIT C-1.22 PROJECTED TAXABLE VALUE - 2046 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.22: Proiected Assessed Value - 2046 Develonmentl Residential Commercial Development 2.0% Multi -Family Industrial Office Retail (Big Box) Retail (Pad/Inline) Year Assessed Inflation Value Per Projected Value Per Projected Value Per Projected Value Per Projected Value Per Projected Total Projected Endin 31-Dcl As Of" 1-Jan-24 Factor 100% Sq Ft' 0 S�� Ft $213 Assessed Value $0 Sq Fe 0 Sff�� Ft 42 Assessed Value $0 Sq Fe 0 S��Ft A. Assessed Value $0 Sq Fe 0 Sf� Ft 43 Assessed Value $0 Sq Fe 0 Sff��Ft $275 Assessed Value $0 Assessed Value 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 $187 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 $191 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 $195 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 $198 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 $202 $0 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 $0 0 $206 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 $211 $0 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 $215 $0 0 $97 $0 0 $322 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 0 $74 $0 0 $219 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 $0 0 $223 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 $228 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 $233 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 $237 $0 0 $108 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 $242 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 $247 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan40 137% 0 $298 $0 0 $85 $0 0 $252 $0 0 $114 $0 0 $378 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 $257 $0 0 $116 $0 0 $385 $0 0 31-Dec-41 1-Jan42 143% 0 $310 $0 0 $88 $0 0 $262 $0 0 $119 $0 0 $393 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 $267 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 1-Jan-44 149% 0 $323 $0 0 $92 $0 0 $272 $0 0 $124 $0 0 $409 $0 0 31-Dec-44 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 $278 $0 0 $126 $0 0 $417 $0 0 31-Dec-45 1-Jan46 155% 0 $336 $0 0 $96 $0 0 $283 $0 0 $129 $0 0 $425 $0 0 31-Dec-46 1-Jan-47 158% 450,413 $342 $154,263,093 301,871 $97 $29,429,917 261,360 $289 $75,558,705 45,738 $131 $5,997,186 32,670 $434 $14,167,257 279,416,158 31-Dec-47 1-Jan48 161% 450,413 $349 $157,348,354 301,871 $99 $30,018,515 261,360 $295 $77,069,879 45,738 $134 $6,117,130 32,670 $442 $14,450,602 285,004,481 31-Dec-48 1-Jan-49 164% 450,413 $356 $160,495,322 301,871 $101 $30,618,886 261,360 $301 $78,611,277 45,738 $136 $6,239,472 32,670 $451 $14,739,614 290,704,571 31-Dec-49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 261,360 $307 $80,183,502 45,738 $139 $6,364,262 32,670 $460 $15,034,407 296,518,662 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 261,360 $313 $81,787,172 45,738 $142 $6,491,547 32,670 $469 $15,335,095 302,449,036 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 261,360 $319 $83,422,916 45,738 $145 $6,621,378 32,670 $479 $15,641,797 308,498,016 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 261,360 $326 $85,091,374 45,738 $148 $6,753,806 32,670 $488 $15,954,633 314,667,977 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 261,360 $332 $86,793,202 45,738 $151 $6,888,882 32,670 $498 $16,273,725 320,961,336 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 261,360 $339 $88,529,066 45,738 $154 $7,026,659 32,670 $508 $16,599,200 327,380,563 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 261,360 $345 $90,299,647 45,738 $157 $7,167,193 32,670 $518 $16,931,184 333,928,174 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 261,360 $352 $92,105,640 45,738 $160 $7,310,536 32,670 $529 $17,269,807 340,606,738 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 261,360 $359 $93,947,753 45,738 $163 $7,456,747 32,670 $539 $17,615,204 347,418,873 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 261,360 $367 $95,826,708 45,738 $166 $7,605,882 32,670 $550 $17,967,508 354,367,250 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 261,360 $374 $97,743,242 45,738 $170 $7,758,000 32,670 $561 $18,326,858 361,454,595 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 261,360 $381 $99,698,107 45,738 $173 $7,913,160 32,670 $572 $18,693,395 368,683,687 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 261,360 $389 $101,692,069 45,738 $176 $8,071,423 32,670 $584 $19,067,263 376,057,361 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 261,360 $397 $103,725,910 45,738 $180 $8,232,851 32,670 $595 $19,448,608 383,578,508 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 261,360 $405 $105,800,429 45,738 $184 $8,397,508 32,670 $607 $19,837,580 391,250,078 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 261,360 $413 $107,916,437 45,738 $187 $8,565,459 32,670 $619 $20,234,332 399,075,080 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 261,360 $421 $110,074,766 45,738 $191 $8,736,768 32,670 $632 $20,639,019 407,056,581 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 261,360 $430 $112,276,261 45,738 $195 $8,911,503 32,670 $644 $21,051,799 415,197,713 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 261,360 $438 $114,521,786 45,738 $199 $9,089,733 32,670 $657 $21,472,835 423,501,667 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 261,360 $447 $116,812,222 45,738 $203 $9,271,528 32,670 $670 $21,902,292 431,971,700 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 261,360 $456 $119,148,467 45,738 $207 $9,456,958 32,670 $684 $22,340,337 440,611,134 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 261,360 $465 $121,531,436 45,738 $211 $9,646,098 32,670 $697 $22,787,144 449,423,357 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 261,360 $474 $123,962,065 45,738 $215 $9,839,020 32,670 $711 $23,242,887 458,411,824 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 261,360 $484 $126,441,306 45,738 $219 $10,035,800 32,670 $726 $23,707,745 467,580,061 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 261,360 $493 $128,970,132 45,738 $224 $10,236,516 32,670 $740 $24,181,900 476,931,662 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 261,360 $503 $131,549,535 45,738 $228 $10,441,246 32,670 $755 $24,665,538 486,470,295 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 301,871 $173 $52,262,962 261,360 $513 $134,180,525 45,738 $233 $10,650,071 32,670 $770 $25,158,849 496,199,701 MuniCap, Inc 'According to the Parker County Appraisal District and Tamar 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 of2.0%. 'Provided by the Developer. EXHIBIT C-1.23 PROJECTED TAXABLE VALUE - 2047 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.23: Proiected Assessed Value - 2047 Develonmentl Development Year Ending Assessed As Of' 2.0% Inflation Factor' Sq Ft' Residential Multi -Family Value Per Sq Ft Projected Assessed Value Sq Ft' Industrial Value Per Sq Ft Projected Assessed Value Sq Ft' Commercial Retail (Big Value Per Sq Ft Box) Projected Assessed Value Sq Ft' Retail (Pad/Inline) Value Per Projected Sq Ft Assessed Value Total Projected Assessed Value 31-Dec-23 1-Jan-24 100% 0 $213 $0 0 $62 $0 0 $83 $0 0 $275 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 $85 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 $87 $0 0 $286 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 $88 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 $90 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 I10% 0 $240 $0 0 $68 $0 0 $92 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 $0 0 $94 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 $96 $0 0 $316 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 $72 $0 0 $97 $0 0 $322 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 0 $74 $0 0 $99 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 $0 0 $101 $0 0 $335 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 $77 $0 0 $103 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 $105 $0 0 $349 $0 0 31-Dec-36 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 $108 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 $110 $0 0 $363 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 $112 $0 0 $370 $0 0 31-Dec-39 1-Jan-40 137% 0 $298 $0 0 $85 $0 0 $114 $0 0 $378 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 $116 $0 0 $385 $0 0 31-Dec-41 1-Jan-42 143% 0 $310 $0 0 $88 $0 0 $119 $0 0 $393 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 $121 $0 0 $401 $0 0 31-Dec-43 1-Jan-44 149% 0 $323 $0 0 $92 $0 0 $124 $0 0 $409 $0 0 31-Dec-44 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 $126 $0 0 $417 $0 0 31-Dec-45 1-Jan-46 155% 0 $336 $0 0 $96 $0 0 $129 $0 0 $425 $0 0 31-Dec-46 1-Jan-47 158% 0 $342 $0 0 $97 $0 0 $131 $0 0 $434 $0 0 31-Dec-47 1-Jan-48 161% 450,413 $349 $157,348,354 301,871 $99 $30,018,515 45,738 $134 $6,117,130 32,670 $442 $14,450,602 207,934,602 31-Dec-48 1-Jan-49 164% 450,413 $356 $160,495,322 301,871 $101 $30,618,886 45,738 $136 $6,239,472 32,670 $451 $14,739,614 212,093,294 31-Dec-49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 45,738 $139 $6,364,262 32,670 $460 $15,034,407 216,335,160 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 45,738 $142 $6,491,547 32,670 $469 $15,335,095 220,661,863 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 45,738 $145 $6,621,378 32,670 $479 $15,641,797 225,075,101 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 45,738 $148 $6,753,806 32,670 $488 $15,954,633 229,576,603 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 45,738 $151 $6,888,882 32,670 $498 $16,273,725 234,168,135 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 45,738 $154 $7,026,659 32,670 $508 $16,599,200 238,851,497 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 45,738 $157 $7,167,193 32,670 $518 $16,931,184 243,628,527 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 45,738 $160 $7,310,536 32,670 $529 $17,269,807 248,501,098 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 45,738 $163 $7,456,747 32,670 $539 $17,615,204 253,471,120 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 45,738 $166 $7,605,882 32,670 $550 $17,967,508 258,540,542 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 45,738 $170 $7,758,000 32,670 $561 $18,326,858 263,711,353 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 45,738 $173 $7,913,160 32,670 $572 $18,693,395 268,985,580 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 45,738 $176 $8,071,423 32,670 $584 $19,067,263 274,365,292 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 45,738 $180 $8,232,851 32,670 $595 $19,448,608 279,852,597 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 45,738 $184 $8,397,508 32,670 $607 $19,837,580 285,449,649 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 45,738 $187 $8,565,459 32,670 $619 $20,234,332 291,158,642 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 45,738 $191 $8,736,768 32,670 $632 $20,639,019 296,981,815 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 45,738 $195 $8,911,503 32,670 $644 $21,051,799 302,921,452 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 45,738 $199 $9,089,733 32,670 $657 $21,472,835 308,979,881 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 45,738 $203 $9,271,528 32,670 $670 $21,902,292 315,159,478 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 45,738 $207 $9,456,958 32,670 $684 $22,340,337 321,462,668 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 45,738 $211 $9,646,098 32,670 $697 $22,787,144 327,891,921 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 45,738 $215 $9,839,020 32,670 $711 $23,242,887 334,449,760 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 45,738 $219 $10,035,800 32,670 $726 $23,707,745 341,138,755 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 45,738 $224 $10,236,516 32,670 $740 $24,181,900 347,961,530 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 45,738 $228 $10,441,246 32,670 $755 $24,665,538 354,920,760 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 301,871 $173 $52,262,962 45,738 $233 $10,650,071 32,670 $770 $25,158,849 362,019,176 31-Dec-76 1-Jan-77 286% 450,413 $620 $279,426,240 301,871 $177 $53,308,221 45,738 $238 $10,863,073 32,670 $785 $25,662,025 369,259,559 MumCap, Inc 'According to the Parker CountyAppraisal 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%. rProvrded by the Developer EXHIBIT C-1.24 PROJECTED TAXABLE VALUE - 2048 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaie Ranch) Exhibit C-1.24: Proiected Assessed Value - 2048 Develonmentl Residential Development 2.0% Mulfi-Family Year Assessed Inflation Value Per Ending As Ott Factor' Sq Ft' Sq Ft Projected Assessed Value Sq Ft' Industrial Value Per Sq Ft Commercial Projected Assessed Value Sq Ft' Retail (Pad/Inline) Value Per Projected Sq Ft Assessed Value Total Projected Assessed Value 31-Dec-23 I Jan-24 100% 0 $213 $0 0 $62 $0 0 $275 $0 0 31-Dec-24 I-Jan-25 102% 0 $217 $0 0 $63 $0 0 $281 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 $286 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 $292 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 $298 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 $304 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 $70 $0 0 $310 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 $71 $0 0 $316 $0 0 31-Dec-31 l-Jan-32 117% 0 $254 $0 0 $72 $0 0 $322 $0 0 31-Dec-32 I-Jan-33 120% 0 $260 $0 0 $74 $0 0 $329 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 $75 $0 0 $335 $0 0 31-Dec-34 I-Jan-35 124% 0 $270 $0 0 $77 $0 0 $342 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 $78 $0 0 $349 $0 0 31-Dec-36 I-Jan-37 129% 0 $281 $0 0 $80 $0 0 $356 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 $363 $0 0 31-Dec-38 I-Jan-39 135% 0 $292 $0 0 $83 $0 0 $370 $0 0 31-Dec-39 1-Jan-40 137% 0 $298 $0 0 $85 $0 0 $378 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 $385 $0 0 31-Dec-41 I Jan-42 143% 0 $310 $0 0 $88 $0 0 $393 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 $401 $0 0 31-Dec-43 I Jan-44 149% 0 $323 $0 0 $92 $0 0 $409 $0 0 31-Dec-44 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 $417 $0 0 31-Dec-45 1-Jan-46 155% 0 $336 $0 0 $96 $0 0 $425 $0 0 31-Dec-46 1-Jan-47 158% 0 $342 $0 0 $97 $0 0 $434 $0 0 31-Dec-47 1-Jan-48 161% 0 $349 $0 0 $99 $0 0 $442 $0 0 31-Dec-48 1-Jan-49 164% 450,413 $356 $160,495,322 301,871 $101 $30,618,886 32,670 $451 $14,739,614 206,150,939 31-Dec-49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 32,670 $460 $15,034,407 210,273,958 31-Dec-50 I Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 32,670 $469 $15,335,095 214,479,437 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 32,670 $479 $15,641,797 218,769,026 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 32,670 $488 $15,954,633 223,144,407 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 32,670 $498 $16,273,725 227,607,295 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 32,670 $508 $16,599,200 232,159,441 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 32,670 $518 $16,931,184 236,802,630 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 32,670 $529 $17,269,807 241,538,682 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 32,670 $539 $17,615,204 246,369,456 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 32,670 $550 $17,967,508 251,296,845 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 32,670 $561 $18,326,858 256,322,782 31-Dec-60 l-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 32,670 $572 $18,693,395 261,449,237 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 32,670 $584 $19,067,263 266,678,222 31-Dec-62 l-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 32,670 $595 $19,448,608 272,011,787 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 32,670 $607 $19,837,580 277,452,022 31-Dec-64 l-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 32,670 $619 $20,234,332 283,001,063 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 32,670 $632 $20,639,019 288,661,084 31-Dec-66 l-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 32,670 $644 $21,051,799 294,434,306 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 32,670 $657 $21,472,835 300,322,992 31-Dec-68 l-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 32,670 $670 $21,902,292 306,329,452 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 32,670 $684 $22,340,337 312,456,041 31-Dec-70 l-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 32,670 $697 $22,787,144 318,705,161 31-Dec-71 I Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 32,670 $711 $23,242,887 325,079,265 31-Dec-72 l-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 32,670 $726 $23,707,745 331,580,850 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 32,670 $740 $24,181,900 338,212,467 31-Dec-74 l-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 32,670 $755 $24,665,538 344,976,716 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 301,871 $173 $52,262,962 32,670 $770 $25,158,849 351,876,251 31-Dec-76 l-Jan-77 286% 450,413 $620 $279,426,240 301,871 $177 $53,308,221 32,670 $785 $25,662,025 358,913,776 31-Dec-77 1-Jan-78 291% 450,413 $633 $285,014,765 301,871 $180 $54,374,386 32,670 $801 $26,175,266 366,092,051 MumCap, ]- 'According to the Parker County Appraisal District and Tarrant Court Appraisal District property is assessed as of January t annually. During constmction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during 'Ass Ines an annual inflation factor of 2.0%. 'Provided by the Developer. EXHIBIT C-1.25 PROJECTED TAXABLE VALUE - 2049 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.25: Projected Assessed Value - 2049 Develonmentl Residential Commercial Development 2.0% Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Oe Factor Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% 0 $213 $0 0 $62 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 31-Dec-29 1-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 1-Jan-34 122% 0 $265 $0 0 $75 $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 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 $83 $0 0 31-Dec-39 1-Jan-40 137% 0 $298 $0 0 $85 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 $87 $0 0 31-Dec41 1-Jan-42 143% 0 $310 $0 0 $88 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 $90 $0 0 31-Dec43 1-Jan-44 149% 0 $323 $0 0 $92 $0 0 31-Dec44 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 31-Dec45 1-Jan-46 155% 0 $336 $0 0 $96 $0 0 31-Dec46 1-Jan-47 158% 0 $342 $0 0 $97 $0 0 31-Dec47 1-Jan-48 161% 0 $349 $0 0 $99 $0 0 31-Dec-48 1-Jan-49 164% 0 $356 $0 0 $101 $0 0 31-Dec49 1-Jan-50 167% 450,413 $363 $163,705,228 301,871 $103 $31,231,264 194,936,491 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 198,835,221 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 202,811,926 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 206,868,164 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 211,005,528 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 215,225,638 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 219,530,151 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 223,920,754 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 228,399,169 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 232,967,152 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 237,626,495 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 242,379,025 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 247,226,606 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 252,171,138 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 257,214,561 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 262,358,852 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 267,606,029 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 272,958,149 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 278,417,312 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 283,985,659 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 289,665,372 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 295,458,679 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 301,367,853 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 307,395,210 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 313,543,114 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 319,813,976 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 301,871 $173 $52,262,962 326,210,256 31-Dec-76 1-Jan-77 286% 450,413 $620 $279,426,240 301,871 $177 $53,308,221 332,734,461 31-Dec-77 1-Jan-78 291% 450,413 $633 $285,014,765 301,871 $180 $54,374,386 339,389,150 31-Dec-78 1-Jan-79 297% 450,413 $645 $290,715,060 301,871 $184 $55,461,873 346,176,933 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. 2Assumes an annual inflation factor of 2.0%. 3Provided by the Developer. EXHIBIT C-1.26 PROJECTED TAXABLE VALUE - 2050 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.26: Proiected Assessed Value - 2050 Develonmentl Residential Commercial Development 2.0% Multi -Family Industrial Year Assessed Inflation Value Per Projected Value Per Projected Total Projected Ending As Of' Factor Sq Ft' Sq Ft Assessed Value Sq Ft' Sq Ft Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% 0 $213 $0 0 $62 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 $63 $0 0 31-Dec-25 I Jan-26 104% 0 $226 $0 0 $64 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 $66 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 $67 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 $68 $0 0 31-Dec-29 1-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 1-Jan-34 122% 0 $265 $0 0 $75 $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 1-Jan-37 129% 0 $281 $0 0 $80 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 $82 $0 0 31-Dec-38 1-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 1-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-Dec-42 1-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 1-Jan-45 152% 0 $329 $0 0 $94 $0 0 31-Dec-45 1-Jan-46 155% 0 $336 $0 0 $96 $0 0 31-Dec-46 1-Jan-47 158% 0 $342 $0 0 $97 $0 0 31-Dec-47 1-Jan-48 161% 0 $349 $0 0 $99 $0 0 31-Dec-48 1-Jan-49 164% 0 $356 $0 0 $101 $0 297,118 31-Dec-49 1-Jan-50 167% 0 $363 $0 0 $103 $0 303,060 31-Dec-50 1-Jan-51 171% 450,413 $371 $166,979,333 301,871 $106 $31,855,889 199,144,343 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 301,871 $108 $32,493,007 203,127,229 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 301,871 $110 $33,142,867 207,189,774 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 301,871 $112 $33,805,724 211,333,569 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 301,871 $114 $34,481,838 215,560,241 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 301,871 $117 $35,171,475 219,871,446 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 301,871 $119 $35,874,905 224,268,875 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 301,871 $121 $36,592,403 228,754,252 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 301,871 $124 $37,324,251 233,329,337 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 301,871 $126 $38,070,736 237,995,924 31-Dec-60 I Jan-61 208% 450,413 $452 $203,546,875 301,871 $129 $38,832,151 242,755,842 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 301,871 $131 $39,608,794 247,610,959 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 301,871 $134 $40,400,970 252,563,178 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 301,871 $137 $41,208,989 257,614,442 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 301,871 $139 $42,033,169 262,766,731 31-Dec-65 I Jan-66 230% 450,413 $499 $224,732,197 301,871 $142 $42,873,832 268,022,065 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 301,871 $145 $43,731,309 273,382,507 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 301,871 $148 $44,605,935 278,850,157 31-Dec-68 I Jan-69 244% 450,413 $529 $238,487,605 301,871 $151 $45,498,054 284,427,160 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 301,871 $154 $46,408,015 290,115,703 31-Dec-70 I Jan-71 254% 450,413 $551 $248,122,504 301,871 $157 $47,336,175 295,918,017 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 301,871 $160 $48,282,898 301,836,378 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 301,871 $163 $49,248,556 307,873,105 31-Dec-73 I Jan-74 269% 450,413 $585 $263,309,587 301,871 $166 $50,233,528 314,030,567 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 301,871 $170 $51,238,198 320,311,179 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 301,871 $173 $52,262,962 326,717,402 31-Dec-76 1-Jan-77 286% 450,413 $620 $279,426,240 301,871 $177 $53,308,221 333,251,750 31-Dec-77 1-Jan-78 291% 450,413 $633 $285,014,765 301,871 $180 $54,374,386 339,916,785 31-Dec-78 1-Jan-79 297% 450,413 $645 $290,715,060 301,871 $184 $55,461,873 346,715,121 31-Dec-79 1-Jan-80 303% 450,413 $658 $296,529,361 301,871 $187 $56,571,111 353,649,423 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. 2Assumes an annual inflation factor of 2.0%. 3Provided by the Developer. EXHIBIT C-1.27 PROJECTED TAXABLE VALUE - 2051 DEVELOPMENT Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-1.27: Proiected Assessed Value - 2051 DevelonmentI Development Year Ending Assessed As Of' 2.0% Inflation Factor Sq Ft' Residential Multi -Family Value Per Sq Ft Projected Assessed Value Total Projected Assessed Value 31-Dec-23 1-Jan-24 100% 0 $213 $0 0 31-Dec-24 1-Jan-25 102% 0 $217 $0 0 31-Dec-25 1-Jan-26 104% 0 $226 $0 0 31-Dec-26 1-Jan-27 106% 0 $230 $0 0 31-Dec-27 1-Jan-28 108% 0 $235 $0 0 31-Dec-28 1-Jan-29 110% 0 $240 $0 0 31-Dec-29 1-Jan-30 113% 0 $245 $0 0 31-Dec-30 1-Jan-31 115% 0 $249 $0 0 31-Dec-31 1-Jan-32 117% 0 $254 $0 0 31-Dec-32 1-Jan-33 120% 0 $260 $0 0 31-Dec-33 1-Jan-34 122% 0 $265 $0 0 31-Dec-34 1-Jan-35 124% 0 $270 $0 0 31-Dec-35 1-Jan-36 127% 0 $275 $0 0 31-Dec-36 1-Jan-37 129% 0 $281 $0 0 31-Dec-37 1-Jan-38 132% 0 $287 $0 0 31-Dec-38 1-Jan-39 135% 0 $292 $0 0 31-Dec-39 1-Jan-40 137% 0 $298 $0 0 31-Dec-40 1-Jan-41 140% 0 $304 $0 0 31-Dec-41 1-Jan-42 143% 0 $310 $0 0 31-Dec-42 1-Jan-43 146% 0 $316 $0 0 31-Dec-43 1-Jan-44 149% 0 $323 $0 0 31-Dec-44 1-Jan-45 152% 0 $329 $0 0 31-Dec-45 1-Jan-46 155% 0 $336 $0 0 31-Dec-46 1-Jan-47 158% 0 $342 $0 0 31-Dec-47 1-Jan-48 161% 0 $349 $0 0 31-Dec-48 1-Jan-49 164% 0 $356 $0 0 31-Dec-49 1-Jan-50 167% 0 $363 $0 0 31-Dec-50 1-Jan-51 171% 0 $371 $0 0 31-Dec-51 1-Jan-52 174% 450,413 $378 $170,318,919 170,318,919 31-Dec-52 1-Jan-53 178% 450,413 $386 $173,725,298 173,725,298 31-Dec-53 1-Jan-54 181% 450,413 $393 $177,199,803 177,199,803 31-Dec-54 1-Jan-55 185% 450,413 $401 $180,743,800 180,743,800 31-Dec-55 1-Jan-56 188% 450,413 $409 $184,358,676 184,358,676 31-Dec-56 1-Jan-57 192% 450,413 $417 $188,045,849 188,045,849 31-Dec-57 1-Jan-58 196% 450,413 $426 $191,806,766 191,806,766 31-Dec-58 1-Jan-59 200% 450,413 $434 $195,642,901 195,642,901 31-Dec-59 1-Jan-60 204% 450,413 $443 $199,555,759 199,555,759 31-Dec-60 1-Jan-61 208% 450,413 $452 $203,546,875 203,546,875 31-Dec-61 1-Jan-62 212% 450,413 $461 $207,617,812 207,617,812 31-Dec-62 1-Jan-63 216% 450,413 $470 $211,770,168 211,770,168 31-Dec-63 1-Jan-64 221% 450,413 $480 $216,005,572 216,005,572 31-Dec-64 1-Jan-65 225% 450,413 $489 $220,325,683 220,325,683 31-Dec-65 1-Jan-66 230% 450,413 $499 $224,732,197 224,732,197 31-Dec-66 1-Jan-67 234% 450,413 $509 $229,226,841 229,226,841 31-Dec-67 1-Jan-68 239% 450,413 $519 $233,811,378 233,811,378 31-Dec-68 1-Jan-69 244% 450,413 $529 $238,487,605 238,487,605 31-Dec-69 1-Jan-70 249% 450,413 $540 $243,257,357 243,257,357 31-Dec-70 1-Jan-71 254% 450,413 $551 $248,122,504 248,122,504 31-Dec-71 1-Jan-72 259% 450,413 $562 $253,084,954 253,084,954 31-Dec-72 1-Jan-73 264% 450,413 $573 $258,146,653 258,146,653 31-Dec-73 1-Jan-74 269% 450,413 $585 $263,309,587 263,309,587 31-Dec-74 1-Jan-75 275% 450,413 $596 $268,575,778 268,575,778 31-Dec-75 1-Jan-76 280% 450,413 $608 $273,947,294 273,947,294 31-Dec-76 1-Jan-77 286% 450,413 $620 $279,426,240 279,426,240 31-Dec-77 1-Jan-78 291% 450,413 $633 $285,014,765 285,014,765 31-Dec-78 1-Jan-79 297% 450,413 $645 $290,715,060 290,715,060 31-Dec-79 1-Jan-80 303% 450,413 $658 $296,529,361 296,529,361 31-Dec-80 1-Jan-81 309% 450,413 $672 $302,459,948 302,459,948 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 AAsuumes an annual inflation factor of 2.0%. 3Provided by the Developer. EXHIBIT C-2.1 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2025-2029 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-2.1: Projected Assessed Value - All Land Uses - Development Years 2025-2029 Development 2.0% Total Projected Year Assessed Inflation 2025 Development 2026 Development 2027 Development 2028 Development 2029 Development Assessed Value Ending As Oi Factor Projected Assessed Value3 Projected Assessed Value Projected Assessed Values Projected Assessed Value Projected Assessed Value At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $164,386,108 $0 $0 $0 $0 $164,386,108 31-Dec-26 1-Jan-27 106% $167,673,830 $210,016,180 $0 $0 $0 $377,690,010 31-Dec-27 1-Jan-28 108% $171,027,306 $214,216,504 $51,865,819 $0 $0 $437,109,630 31-Dec-28 1-Jan-29 110% $174,447,853 $218,500,834 $52,903,136 $435,038,443 $0 $880,890,266 31-Dec-29 1-Jan-30 113% $177,936,810 $222,870,851 $53,961,198 $443,739,212 $454,060,888 $1,352,568,959 31-Dec-30 1-Jan-31 115% $181,495,546 $227,328,268 $55,040,422 $452,613,997 $463,142,106 $1,379,620,338 31-Dec-31 1-Jan-32 117% $185,125,457 $231,874,833 $56,141,231 $461,666,276 $472,404,948 $1,407,212,745 31-Dec-32 1-Jan-33 120% $188,827,966 $236,512,330 $57,264,056 $470,899,602 $481,853,047 $1,435,357,000 31-Dec-33 1-Jan-34 122% $192,604,525 $241,242,576 $58,409,337 $480,317,594 $491,490,108 $1,464,064,140 31-Dec-34 1-Jan-35 124% $196,456,616 $246,067,428 $59,577,523 $489,923,946 $501,319,910 $1,493,345,422 31-Dec-35 1-Jan-36 127% $200,385,748 $250,988,776 $60,769,074 $499,722,425 $511,346,308 $1,523,212,331 31-Dec-36 1-Jan-37 129% $204,393,463 $256,008,552 $61,984,455 $509,716,873 $521,573,234 $1,553,676,578 31-Dec-37 1-Jan-38 132% $208,481,332 $261,128,723 $63,224,144 $519,911,211 $532,004,699 $1,584,750,109 31-Dec-38 1-Jan-39 135% $212,650,959 $266,351,297 $64,488,627 $530,309,435 $542,644,793 $1,616,445,111 31-Dec-39 1-Jan-40 137% $216,903,978 $271,678,323 $65,778,400 $540,915,624 $553,497,689 $1,648,774,014 31-Dec-40 1-Jan-41 140% $221,242,058 $277,111,890 $67,093,968 $551,733,936 $564,567,642 $1,681,749,494 31-Dec-41 1-Jan-42 143% $225,666,899 $282,654,128 $68,435,847 $562,768,615 $575,858,995 $1,715,384,484 31-Dec-42 1-Jan-43 146% $230,180,237 $288,307,210 $69,804,564 $574,023,987 $587,376,175 $1,749,692,173 31-Dec-43 1-Jan-44 149% $234,783,841 $294,073,354 $71,200,655 $585,504,467 $599,123,699 $1,784,686,017 31-Dec-44 1-Jan-45 152% $239,479,518 $299,954,822 $72,624,669 $597,214,556 $611,106,173 $1,820,379,737 31-Dec-45 1-Jan-46 155% $244,269,109 $305,953,918 $74,077,162 $609,158,847 $623,328,296 $1,856,787,332 31-Dec-46 1-Jan-47 158% $249,154,491 $312,072,996 $75,558,705 $621,342,024 $635,794,862 $1,893,923,079 31-Dec-47 1-Jan-48 161% $254,137,581 $318,314,456 $77,069,879 $633,768,865 $648,510,759 $1,931,801,540 31-Dec-48 1-Jan-49 164% $259,220,332 $324,680,745 $78,611,277 $646,444,242 $661,480,974 $1,970,437,571 31-Dec-49 1-Jan-50 167% $264,404,739 $331,174,360 $80,183,502 $659,373,127 $674,710,594 $2,009,846,322 31-Dec-50 1-Jan-51 171% $269,692,834 $337,797,847 $81,787,172 $672,560,590 $688,204,806 $2,050,043,249 31-Dec-51 1-Jan-52 174% $275,086,690 $344,553,804 $83,422,916 $686,011,801 $701,968,902 $2,091,044,114 31-Dec-52 1-Jan-53 178% $280,588,424 $351,444,881 $85,091,374 $699,732,037 $716,008,280 $2,132,864,996 31-Dec-53 1-Jan-54 181% $286,200,193 $358,473,778 $86,793,202 $713,726,678 $730,328,445 $2,175,522,296 31-Dec-54 1-Jan-55 185% $291,924,196 $365,643,254 $88,529,066 $728,001,212 $744,935,014 $2,219,032,742 31-Dec-55 1-Jan-56 188% $297,762,680 $372,956,119 = $90,299,647 $742,561,236 $759,833,715 $1,965,650,716 31-Dec-56 1-Jan-57 192% $303,717,934 $380,415,241 $92,105,640 $757,412,461 $775,030,389 $1,624,548,490 31-Dec-57 1-Jan-58 196% $309,792,293 $388,023,546 $93,947,753 P772,560,710 ; $790,530,997 $1,563,091,707 31-Dec-58 1-Jan-59 200% $315,988,138 $395,784,017 $95,826,708 $788,011,924 $806,341,617 $806,341,617 MuniCap, Inc. 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 factor of 2.0%. 'See Exhibit C-1.1. 4See Exhibit C-1.2. 'See Exhibit C-1.3. 'See Exhibit C-1.4. 7See Exhibit C-1.5. EXHIBIT C-2.2 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2030-2034 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.2: Proiected Assessed Value - All Land Uses - Development Years 2030-2034 Development Year Ending Assessed As Oe 2.0% Inflation Factor 2030 Development Projected Assessed Value 2031 Development Projected Assessed Value 2032 Development Projected Assessed Values 2033 Development Projected Assessed Value6 2034 Development Projected Assessed Value' 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $0 $0 $0 $0 $0 31-Dec-26 1-Jan-27 106% $0 $0 $0 $0 $0 31-Dec-27 1-Jan-28 108% $0 $0 $0 $0 $0 31-Dec-28 1-Jan-29 110% $0 $0 $0 $0 $0 31-Dec-29 1-Jan-30 113% $0 $0 $0 $0 $0 31-Dec-30 1-Jan-31 115 % $463,142,106 $0 $0 $0 $0 31-Dec-31 1-Jan-32 117% $472,404,948 $472,404,948 $0 $0 $0 31-Dec-32 1-Jan-33 120 % $481,853,047 $481,853,047 $481,853,047 $0 $0 31-Dec-33 1-Jan-34 122% $491,490,108 $491,490,108 $491,490,108 $491,490,108 $0 31-Dec-34 1-Jan-35 124% $501,319,910 $501,319,910 $501,319,910 $501,319,910 $501,319,910 31-Dec-35 1-Jan-36 127% $511,346,308 $511,346,308 $511,346,308 $511,346,308 $511,346,308 31-Dec-36 1-Jan-37 129% $521,573,234 $521,573,234 $521,573,234 $521,573,234 $521,573,234 31-Dec-37 1-Jan-38 132% $532,004,699 $532,004,699 $532,004,699 $532,004,699 $532,004,699 31-Dec-38 1-Jan-39 135% $542,644,793 $542,644,793 $542,644,793 $542,644,793 $542,644,793 31-Dec-39 1-Jan-40 137% $553,497,689 $553,497,689 $553,497,689 $553,497,689 $553,497,689 31-Dec-40 1-Jan-41 140% $564,567,642 $564,567,642 $564,567,642 $564,567,642 $564,567,642 31-Dec-41 1-Jan-42 143% $575,858,995 $575,858,995 $575,858,995 $575,858,995 $575,858,995 31-Dec-42 1-Jan-43 146% $587,376,175 $587,376,175 $587,376,175 $597,376,175 $597,376,175 31-Dec-43 1-Jan-44 149% $599,123,699 $599,123,699 $599,123,699 $599,123,699 $599,123,699 31-Dec-44 1-Jan-45 152% $611,106,173 $611,106,173 $611,106,173 $611,106,173 $611,106,173 31-Dec-45 1-Jan-46 155% $623,328,296 $623,328,296 $623,328,296 $623,328,296 $623,328,296 31-Dec-46 1-Jan-47 158% $635,794,862 $635,794,862 $635,794,862 $635,794,862 $635,794,862 31-Dec-47 1-Jan-48 161% $648,510,759 $648,510,759 $648,510,759 $648,510,759 $648,510,759 31-Dec-48 1-Jan-49 164% $661,480,974 $661,480,974 $661,480,974 $661,480,974 $661,480,974 31-Dec-49 1-Jan-50 167% $674,710,594 $674,710,594 $674,710,594 $674,710,594 $674,710,594 31-Dec-50 1-Jan-51 171% $688,204,806 $688,204,806 $688,204,806 $688,204,806 $688,204,806 31-Dec-51 1-Jan-52 174% $701,968,902 $701,968,902 $701,968,902 $701,968,902 $701,968,902 31-Dec-52 1-Jan-53 178% $716,008,280 $716,008,280 $716,008,280 $716,008,280 $716,008,280 31-Dec-53 1-Jan-54 181% $730,328,445 $730,328,445 $730,328,445 $730,328,445 $730,328,445 31-Dec-54 1-Jan-55 185% $744,935,014 $744,935,014 $744,935,014 $744,935,014 $744,935,014 31-Dec-55 1-Jan-56 188% $759,833,715 $759,833,715 $759,833,715 $759,833,715 $759,833,715 31-Dec-56 1-Jan-57 192% $775,030,389 $775,030,389 $775,030,389 $775,030,389 $775,030,389 31-Dec-57 1-Jan-58 196% $790,530,997 $790,530,997 $790,530,997 $790,530,997 $790,530,997 31-Dec-58 1-Jan-59 200% $806,341,617 $806,341,617 $806,341,617 $806,341,617 $806,341,617 31-Dec-59 1-Jan-60 204% . $822,468,449 $822,468,449 $822,468,449 $822,468,449 $822,468,449 31-Dec-60 1-Jan-61 208% $838,917:818 $838,917,818 $838,917,818 $838,917,818 $838,917,818 31-Dec-61 1-Jan-62 212% $855,696,174 $855,696,174 d§M___$855,696,174 $855,696,174 $855,696,174 31-Dec-62 1-Jan-63 216% $872,810,098 $872,810,098 $872,810,098 $872,810,098 $872,810,098 31-Dec-63 1-Jan-64 221% $890,266,300 $890,266,300 $890,266,300 $890,266,300 $890,266,300 Total Projected Assessed Value At Buildout $0 $0 $0 $0 $0 $0 $0 $463,142,106 $944,809,895 $1,445,559,140 $1,965,960,430 $2,506,599,548 $2,556,731,539 $2,607,866,170 $2,660,023,494 $2,713,223,963 $2,767,488,443 $2,822,838,212 $2,879,294,976 $2,936,880,875 $2,995,618,493 $3,055,530,863 $3,116,641,480 $3,178,974,310 $3,242,553,796 $3,307,404,872 $3,373,552,969 $3,441,024,029 $3,509,844,509 $3,580,041,399 $3,651,642,227 $3,724,675,072 $3,799,168,573 $3,875,151,945 $3,952,654,984 $4,031,708,083 $4,112,342,245 $3,355,671,272 $2,567,088,523 $1,745,620,196 $890,266,300 MuniCap, Inc. 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 Assumes an annual inflation factor of 2.0%. 3See Exhibit C-1.6. °See Exhibit C-1.7. 'See Exhibit C-1.8. 6See Exhibit C-1.9. 7See Exhibit C-1.10. EXHIBIT C-2.3 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2035-2039 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.3: Projected Assessed Value - All Land Uses - Develonment Years 2035-2039 Development 2.0% Total Projected Year Assessed Inflation 2035 Development 2036 Development 2037 Development 2038 Development 2039 Development Assessed Value Ending As Of" Factor' Projected Assessed Value' Projected Assessed Value Projected Assessed Values Projected Assessed Value' Projected Assessed Value' At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 31-Dec-24 Wari-25 102% $0 $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $0 $0 $0 $0 $0 $0 31-Dec-26 Wari-27 106% $0 $0 $0 $0 $0 $0 31-Dec-27 1-Jan-28 108% $0 $0 $0 $0 $0 $0 31-Dec-28 1-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 Wari-31 115% $0 $0 $0 $0 $0 $0 31-Dec-31 1-Jan-32 117% $0 $0 $0 $0 $0 $0 31-Dec-32 Wari-33 120% $0 $0 $0 $0 $0 $0 31-Dec-33 1-Jan-34 122% $0 $0 $0 $0 $0 $0 31-Dec-34 1-Jan-35 124% $0 $0 $0 $0 $0 $0 31-Dec-35 1-Jan-36 127% $511,346,308 $0 $0 $0 $0 $511,346,308 31-Dec-36 Wari-37 129% $521,573,234 $521,573,234 $0 $0 $0 $1,043,146,468 31-Dec-37 1-Jan-38 132% $532,004,699 $532,004,699 $532,004,699 $0 $0 $1,596,014,096 31-Dec-38 1-Jan-39 135% $542,644,793 $542,644,793 $542,644,793 $542,644,793 $0 $2,170,579,171 31-Dec-39 1-Jan40 137% $553,497,689 $553,497,689 $553,497,689 $553,497,689 $553,497,689 $2,767,488,443 31-Dec-40 1-Jan-41 140% $564,567,642 $564,567,642 $564,567,642 $564,567,642 $564,567,642 $2,822,838,212 31-Dec-41 1-Jan42 143% $575,858,995 $575,858,995 $575,858,995 $575,858,995 $575,858,995 $2,879,294,976 31-Dec-42 Wari-43 146% $587,376,175 $587,376,175 $587,376,175 $587,376,175 $587,376,175 $2,936,880,875 31-Dec-43 1-Jan-44 149% $599,123,699 $599,123,699 $599,123,699 $599,123,699 $599,123,699 $2,995,618,493 31-Dec-44 Wari-45 152% $611,106,173 $611,106,173 $611,106,173 $611,106,173 $611,106,173 $3,055,530,863 31-Dec-45 1-Jan-46 155% $623,328,296 $623,328,296 $623,328,296 $623,328,296 $623,328,296 $3,116,641,480 31-Dec-46 1-Jan-47 158% $635,794,862 $635,794,862 $635,794,862 $635,794,862 $635,794,862 $3,178,974,310 31-Dec-47 1-Jan-48 161% $648,510,759 $648,510,759 $648,510,759 $648,510,759 $648,510,759 $3,242,553,796 31-Dec-48 1-Jan49 164% $661,480,974 $661,480,974 $661,480,974 $661,480,974 $661,480,974 $3,307,404,872 31-Dec-49 1-Jan-50 167% $674,710,594 $674,710,594 $674,710,594 $674,710,594 $674,710,594 $3,373,552,969 31-Dec-50 1-Jan-51 171% $688,204,806 $688,204,806 $688,204,806 $688,204,806 $688,204,806 $3,441,024,029 31-Dec-51 1-Jan-52 174% $701,968,902 $701,968,902 $701,968,902 $701,968,902 $701,968,902 $3,509,844,509 31-Dec-52 Wari-53 178% $716,008,280 $716,008,280 $716,008,280 $716,008,280 $716,008,280 $3,580,041,399 31-Dec-53 1-Jan-54 181% $730,328,445 $730,328,445 $730,328,445 $730,328,445 $730,328,445 $3,651,642,227 31-Dec-54 1-Jan-55 185% $744,935,014 $744,935,014 $744,935,014 $744,935,014 $744,935,014 $3,724,675,072 31-Dec-55 1-Jan-56 188% $759,833,715 $759,833,715 $759,833,715 $759,833,715 $759,833,715 $3,799,168,573 31-Dec-56 Wari-57 192% $775,030,389 $775,030,389 $775,030,389 $775,030,389 $775,030,389 $3,875,151,945 31-Dec-57 1-Jan-58 196% $790,530,997 $790,530,997 $790,530,997 $790,530,997 $790,530,997 $3,952,654,984 31-Dec-58 1-Jan-59 200% $806,341,617 $806,341,617 $806,341,617 $806,341,617 $806,341,617 $4,031,708,083 31-Dec-59 1-Jan-60 204% $822,468,449 $822,468,449 $822,468,449 $822,468,449 $822,468,449 $4,112,342,245 31-Dec-60 1-Jan-61 208% $838,917,818 $838,917,818 $838,917,818 $838,917,818 $838,917,818 $4,194,589,090 31-Dec-61 1-Jan-62 212% $855,696,174 $855,696,174 $855,696,174 $855,696,174 $855,696,174 $4,278,480,872 31-Dec-62 1-Jan-63 216% $872,810,098 $872,810,098 $872,810,098 $872,810,098 $872,810,098 $4,364,050,489 31-Dec-63 1-Jan-64 221% $890,266,300 $890,266,300 $890,266,300 $890,266,300 $890,266,300 $4,451,331,499 31-Dec-64 1-Jan-65 225% $908,071,626 $908,071,626 $908,071,626 $908,071,626 $908,071,626 $4,540,358,129 31-Dec-65 1-Jan-66 230% $926,233,058 $926,233,058 $926,233,058 $926,233,058 $926,233,058 $3,704,932,233 31-Dec-66 1-Jan-67 234% $944,757,719 $944,757,719 $944,757,719 $944,757,719 $944,757,719 $2,834,273,158 31-Dec-67 1-Jan-68 239% $963,652,874 $963,652,874 $963,652,874 $963,652,874 $963,652,874 $1,927,305,748 31-Dec-68 1-Jan-69 244% $982,925,931 $982,925,931 $982,925,931 $982,925,931 $982,925,931 $982,925,931 MuniCap, Inc 'According to the Parker County Appraisal Distna 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. rAaamoss an annual inflation factor or2.0%. 'See Exhibit C-1.11. °See Exhibit C-1.12. 'See Exhibit C-1.13. 'See Exhibit C-1.14. 7See Exhibit C-1.15. EXHIBIT C-2.4 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2040-2044 Reinvestment Zone Number Sixteen Fort Worth, Texas (Velle Ranch) Exhibit C-2.4: Proiected Assessed Value - All Land Uses - Development Years 2040-2044 Development Year Ending Assessed As Of Factor2 2.0% Inflation 2040 Development Projected Assessed Value' 2041 Development Projected Assessed Value° 2042 Development Projected Assessed Values 2043 Development Projected Assessed Value6 2044 Development Projected Assessed Value' Total Projected Assessed Value At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 1041/. $0 $0 $0 $0 $0 $0 31-Dec-26 1-Jan-27 106% $0 $0 $0 $0 $0 $0 31-Dec-27 1-Jan-28 108% $0 $0 $0 $0 $0 $0 31-Dec-28 1-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-31 115% $0 $0 $0 $0 $0 $0 31-Dec-31 1-Jan-32 117% $0 $0 $0 $0 $0 $0 31-Dec-32 1-Jan-33 I20% $0 $0 $0 $0 $0 $0 31-Dec-33 1-Jan-34 122% $0 $0 $0 $0 $0 $0 31-Dec-34 1-Jan-35 124% $0 $0 $0 $0 $0 $0 31-Dec-35 1-Jan-36 127% $0 $0 $0 $0 $0 $0 31-Dec-36 1-Jan-37 129% $0 $0 $0 $0 $0 $0 31-Dec-37 1-Jan-38 132% $0 $0 $0 $0 $0 $0 31-Dec-38 1-Jan-39 135% $0 $0 $0 $0 $0 $0 31-Dec-39 1-Jan-40 137% $0 $0 $0 $0 $0 $0 31-Dec-40 1-Jan-41 140% $534,830,734 $0 $0 $0 $0 $534,830,734 31-Dec-41 1-Jan-42 143% $545,527,349 $545,527,349 $0 $0 $0 $1,091,054,698 31-Dec-42 1-Jan-43 146% $556,437,896 $556,437,896 $311,945,977 $0 $0 $1,424,821,769 31-Dec-43 1-Jan-44 149% $567,566,654 $567,566,654 $318,184,897 $318,184,897 $0 $1,771,503,101 31-Dec-44 1-Jan-45 152% $578,917,987 $578,917,987 $324,548,595 $324,548,595 $268,566,088 $2,075,499,252 31-Dec-45 1-Jan-46 155% $590,496,347 $590,496,347 $331,039,567 $331,039,567 $273,937,410 $2,117,009,237 31-Dec-46 1-Jan-47 158% $602,306,273 $602,306,273 $337,660,358 $337,660,358 $279,416,158 $2,159,349,421 31-Dec-47 1-Jan-48 161% $614,352,399 $614,352,399 $344,413,565 $344,413,565 $285,004,481 $2,202,536,410 31-Dec-48 1-Jan-49 164% $626,639,447 $626,639,447 $351,301,837 $351,301,837 $290,704,571 $2,246,587,138 31-Dec-49 1-Jan-50 167% $639,172,236 $639,172,236 $358,327,873 $358,327,873 $296,518,662 $2,291,518,881 31-Dec-50 1-Jan-51 171% $651,955,681 $651,955,681 $365,494,431 $365,494,431 $302,449,036 $2,337,349,258 31-Dec-51 1-Jan-52 174% $664,994,794 $664,994,794 $372,804,319 $372,804,319 $308,498,016 $2,384,096,244 31-Dec-52 1-Jan-53 178% $678,294,690 $678,294,690 $380,260,406 $380,260,406 $314,667,977 $2,431,778,168 31-Dec-53 1-Jan-54 181% $691,860,584 $691,860,584 $387,865,614 $387,865,614 $320,961,336 $2,480,413,732 31-Dec-54 1-Jan-55 185% $705,697,796 $705,697,796 $395,622,926 $395,622,926 $327,380,563 $2,530,022,006 31-Dec-55 1-Jan-56 188% $719,811,751 $719,811,751 $403,535,385 $403,535,385 $333,928,174 $2,580,622,447 31-Dec-56 1-Jan-57 192% $734,207,986 $734,207,986 $411,606,092 $411,606,092 $340,606,738 $2,632,234,895 31-Dec-57 1-Jan-58 196% $748,892,146 $748,892,146 $419,838,214 $419,838,214 $347,418,873 $2,684,879,593 31-Dec-58 1-Jan-59 200% $763,869,989 $763,869,989 $428,234,978 $428,234,978 $354,367,250 $2,738,577,185 31-Dec-59 1-Jan-60 204% $779,147,389 $779,147,389 $436,799,678 $436,799,678 $361,454,595 $2,793,348,729 31-Dec-60 1-Jan-61 208% $794,730,337 $794,730,337 $445,535,672 $445,535,672 $368,683,687 $2,849,215,703 31-Dec-61 1-Jan-62 212% $810,624,943 $810,624,943 $454,446,385 $454,446,385 $376,057,361 $2,906,200,018 31-Dec-62 1-Jan-63 216% $826,837,442 $826,837,442 $463,535,313 $463,535,313 $383,578,508 $2,964,324,018 31-Dec-63 1-Jan-64 221% $843,374,191 $843,374,191 $472,806,019 $472,806,019 $391,250,078 $3,023,610,498 31-Dec-64 1-Jan-65 225% $860,241,675 $860,241,675 $482,262,139 $482,262,139 $399,075,080 $3,084,082,708 31-Dec-65 1-Jan-66 230% $877,446,508 $877,446,508 $491,907,382 $491,907,382 $407,056,581 $3,145,764,362 31-Dec-66 1-Jan-67 234% $894,995,439 $894,995,439 $501,745,530 $501,745,530 $415,197,713 $3,208,679,650 31-Dec-67 1-Jan-68 239% $912,895,347 $912,895,347 $511,780,440 $511,780,440 $423,501,667 $3,272,853,243 31-Dec-68 1-Jan-69 244% $931,153,254 $931,153,254 $522,016,049 $522,016,049 $431,971,700 $3,338,310,307 31-Dec-69 1-Jan-70 249% �949,776,319 $949,776,319 $532,456,370 $532,456,370 $440,611,134 $3,405,076,514 31-Dec-70 1-Jan-71 254% $968,771,846 $968,771,846 $543,105,498 $543,105,498 $449,423,357 $2,504,406,198 31-Dec-71 1-Jan-72 259% $988,147,283 $988,147,283 $553,967,608 $553,967,608 $458,411,824 $1,566,347,039 31-Dec-72 1-Jan-73 264% $1,007,910,228 $1,007,910,228 $565,046,960 $565,046,960 $467,580,061 $1,032,627,020 31-Dec-73 1-Jan-74 269% $1,028,068,433 $1,028,068,433 $576,347,899 $576,347,899 $476,931,662 ' $476,931,662 MumCap, Inc 'According to the Parker CountyAppraisal 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. Assumes an annual inflation factor of 2.0%. 'See Exhibit C-1.16. °See Exhibit C-1.17. 'See Exhibit C-1.18. 6See Exhibit C-1.19. 'See Exhibit C-1.20. EXHIBIT C-2.5 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2045-2049 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.5: Proiected Assessed Value - All Land Uses - Development Years 2045-2049 Development 2.0% Total Projected Year Assessed Intlation 2045 Development 2046 Development 2047 Development 2048 Development 2049 Development Assessed Value Ending As Ot' Factor' Projected Assessed Value' Projected Assessed Value" Projected Assessed Values Projected Assessed Value6 Projected Assessed Value' At Buildout 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $0 $0 $0 $0 $0 $0 31-Dec-26 1-Jan-27 106% $0 $0 $0 $0 $0 $0 31-Dec-27 1-Jan-28 108% $0 $0 $0 $0 $0 $0 31-Dec-28 1-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-31 115% $0 $0 $0 $0 $0 $0 31-Dec-31 1-Jan-32 117% $0 $0 $0 $0 $0 $0 31-Dec-32 I-Jan-33 120% $0 $0 $0 $0 $0 $0 31-Dec-33 1-Jan-34 122% $0 $0 $0 $0 $0 $0 31-Dec-34 1-Jan-35 124% $0 $0 $0 $0 $0 $0 31-Dec-35 1-Jan-36 127% $0 $0 $0 $0 $0 $0 31-Dec-36 I-San-37 129% $0 $0 $0 $0 $0 $0 31-Dec-37 1-Jan-38 132% $0 $0 $0 $0 $0 $0 31-Dec-38 I-Jan-39 135% $0 $0 $0 $0 $0 $0 31-Dec-39 1-Jan-40 137% $0 $0 $0 $0 $0 $0 31-Dec-40 1-San-41 140% $0 $0 $0 $0 $0 $0 31-Dec-41 1-Jan-42 143% $0 $0 $0 $0 $0 $0 31-Dec-42 1-San-43 146% $0 $0 $0 $0 $0 $0 31-Dec-43 1-Jan-44 149% $0 $0 $0 $0 $0 $0 31-Dec-44 1-Jan-45 152% $0 $0 $0 $0 $0 $0 31-Dec-45 1-Jan-46 155% $273,937,410 $0 $0 $0 $0 $273,937,410 31-Dec-46 1-Jan-47 158% $279,416,158 $279,416,158 $0 $0 $0 $558,832,316 31-Dec-47 1-Jan-48 161% $285,004,491 $285,004,481 $207,934,602 $0 $0 $777,943,565 31-Dec-48 1-Jan-49 164% $290,704,571 $290,704,571 $212,093,294 $206,150,939 $0 $999,653,376 31-Dec-49 1-Jan-50 167% $296,518,662 $296,518,662 $216,335,160 $210,273,958 $194,936,491 $1,214,582,935 31-Dec-50 1-Jan-51 171% $302,449,036 $302,449,036 $220,661,863 $214,479,437 $198,835,221 $1,238,874,593 31-Dec-51 1-Jan-52 174% $308,498,016 $308,498,016 $225,075,101 $218,769,026 $202,811,926 $1,263,652,085 31-Dec-52 1-Jan-53 178% $314,667,977 $314,667,977 $229,576,603 $223,144,407 $206,868,164 $1,288,925,127 31-Dec-53 1-Jan-54 181% $320,961,336 $320,961,336 $234,168,135 $227,607,295 $211,005,528 $1,314,703,629 31-Dec-54 1-Jan-55 185% $327,380,563 $327,380,563 $238,851,497 $232,159,441 $215,225,638 $1,340,997,702 31-Dec-55 1-Jan-56 188% $333,928,174 $333,928,174 $243,628,527 $236,802,630 $219,530,151 $1,367,817,656 31-Dec-56 1-Jan-57 192% $340,606,738 $340,606,738 $248,501,098 $241,538,682 $223,920,754 $1,395,174,009 31-Dec-57 1-Jan-58 196% $347,418,873 $347,418,873 $253,471,120 $246,369,456 $228,399,169 $1,423,077,489 31-Dec-58 1-Jan-59 200% $354,367,250 $354,367,250 $258,540,542 $251,296,845 $232,967,152 $1,451,539,039 31-Dec-59 1-Jan-60 204% $361,454,595 $361,454,595 $263,711,353 $256,322,782 $237,626,495 $1,480,569,820 31-Dec-60 1-Jan-61 208% $368,683,687 $368,683,687 $268,985,580 $261,449,237 $242,379,025 $1,510,181,216 31-Dec-61 1-Jan-62 212% $376,057,361 $376,057,361 $274,365,292 $266,678,222 $247,226,606 $1,540,384,841 31-Dec-62 1-Jan-63 216% $383,578,508 $383,578,508 $279,852,597 $272,011,787 $252,171,138 $1,571,192,538 31-Dec-63 1-Jan-64 221% $391,250,078 $391,250,078 $285,449,649 $277,452,022 $257,214,561 $1,602,616,388 31-Dec-64 1-Jan-65 225% $399,075,080 $399,075,080 $291,158,642 $283,001,063 $262,358,852 $1,634,668,716 31-Dec-65 1-Jan-66 230% $407,056,581 $407,056,581 $296,981,815 $288,661,084 $267,606,029 $1,667,362,090 31-Dec-66 1-Jan-67 234% $415,197,713 $415,197,713 $302,921,452 $294,434,306 $272,958,149 $1,700,709,332 31-Dec-67 1-Jan-68 239% $423,501,667 $423,501,667 $308,979,881 $300,322,992 $278,417,312 $1,734,723,519 31-Dec-68 1-Jan-69 244% $431,971,700 $431,971,700 $315,159,478 $306,329,452 $283,985,659 $1,769,417,989 31-Dec-69 1-Jan-70 249% $440,611,134 $440,611,134 $321,462,668 $312,456,041 $289,665,372 $1,804,806,349 31-Dec-70 1-Jan-71 254% $449,423,357 $449,423,357 $327,891,921 $318,705,161 $295,458,679 $1,840,902,476 31-Dec-71 1-Jan-72 259% $458,411,824 $458,411,824 $334,449,760 $325,079,265 $301,367,853 $1,877,720,525 31-Dec-72 1-Jan-73 264% $467,580,061 $467,580,061 $341,138,755 $331,580,850 $307,395,210 $1,915,274,936 31-Dec-73 1-Jan-74 269% $476,931,662 $476,931,662 $347,961,530 $338,212,467 $313,543,114 $1,953,580,435 31-Dec-74 1-Jan-75 275 % $486,470,295 $486,470,295 $354,920,760 $344,976,716 $319,813,976 $1,992,652,043 31-Dec-75 1-Jan-76 280% $496,199,701 $496,N9,-701 $362,019,176 $351,876,251 $326,210,256 $1,536,305,383 31-Dec-76 1-Jan-77 286% $506,123,695 $506,123,695 $369,259,559 $358,913,776 $332,734,461 $1,060,907,796 31-Dec-77 I-Jan-78 291% $516,246,169 $516,246,169 $376,644,750 $366,092,051 $339,389,150 $705,481,201 31-Dec-78 1-Jan-79 297% $526,571,092 $526,571,092 $384,177,645 $373,413,892 $346,176,933 MuniCap, Inc 'Amordmg to the Parker CountyAppnosal Drstnct and Tarrant County Appraisal Ihstnct property rs assessed as of January 1 annually. Danng contraction, the assessed value represents the portion ofthe building completed as of January t. Assumes no assessed value dung constrachon. 'Assumes an annual inflation factor of 2.0%. 'See Exhtbtt C-1.21. 4See Echibit C-1.22. 'See Exhibit C-1.23. 69ee E, hibit C-1.24. 7See Exhibit C-1.25. EXHIBIT C-2.6 PROJECTED TAXABLE VALUE - DEVELOPMENT YEARS 2050-2051 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit C-2.6: Proiected Assessed Value - All Land Uses - Development Years 2050-2051 Development 2.0% Total Projected Year Assessed Inflation 2050 Development 2051 Development Assessed Value Ending As Of Factor Projected Assessed Value Projected Assessed Value At Buildout 31-Dec-23 1-Jan-24 100% $0 $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 1-Jan-30 113% $0 $0 $0 31-Dec-30 1-Jan-31 115% $0 $0 $0 31-Dec-31 1-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 1-Jan-35 124% $0 $0 $0 31-Dec-35 1-Jan-36 127% $0 $0 $0 31-Dec-36 1-Jan-37 129% $0 $0 $0 31-Dec-37 1-Jan-38 132% $0 $0 $0 31-Dec-38 1-Jan-39 135% $0 $0 $0 31-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 1-Jan-43 146% $0 $0 $0 31-Dec-43 1-Jan-44 149% $0 $0 $0 31-Dec-44 1-Jan-45 152% $0 $0 $0 31-Dec-45 1-Jan-46 155% $0 $0 $0 31-Dec-46 1-Jan-47 158% $0 $0 $0 31-Dec-47 1-Jan-48 161% $0 $0 $0 31-Dec-48 1-Jan-49 164% $297,118 $0 $297,118 31-Dec-49 1-Jan-50 167% $303,060 $0 $303,060 31-Dec-50 1-Jan-51 171% $199,144,343 $0 $199,144,343 31-Dec-51 1-Jan-52 174% $203,127,229 $170,318,919 $373,446,149 31-Dec-52 1-Jan-53 178% $207,189,774 $173,725,298 $380,915,072 31-Dec-53 1-Jan-54 181% $211,333,569 $177,199,803 $388,533,373 31-Dec-54 1-Jan-55 185% $215,560,241 $180,743,800 $396,304,040 31-Dec-55 1-Jan-56 188% $219,871,446 $184,358,676 $404,230,121 31-Dec-56 1-Jan-57 192% $224,268,875 $188,045,849 $412,314,724 31-Dec-57 1-Jan-58 196% $228,754,252 $191,806,766 $420,561,018 31-Dec-58 1-Jan-59 200% $233,329,337 $195,642,901 $428,972,239 31-Dec-59 1-Jan-60 204% $237,995,924 $199,555,759 $437,551,683 31-Dec-60 1-Jan-61 208% $242,755,842 $203,546,875 $446,302,717 31-Dec-61 1-Jan-62 212% $247,610,959 $207,617,812 $455,228,771 31-Dec-62 1-Jan-63 216% $252,563,178 $211,770,168 $464,333,347 31-Dec-63 1-Jan-64 221% $257,614,442 $216,005,572 $473,620,014 31-Dec-64 1-Jan-65 225% $262,766,731 $220,325,683 $483,092,414 31-Dec-65 1-Jan-66 230% $268,022,065 $224,732,197 $492,754,262 31-Dec-66 1-Jan-67 234% $273,382,507 $229,226,841 $502,609,347 31-Dec-67 1-Jan-68 239% $278,850,157 $233,811,378 $512,661,534 31-Dec-68 1-Jan-69 244% $284,427,160 $238,487,605 $522,914,765 31-Dec-69 1-Jan-70 249% $290,115,703 $243,257,357 $533,373,060 31-Dec-70 1-Jan-71 254% $295,918,017 $248,122,504 $544,040,522 31-Dec-71 1-Jan-72 259% $301,836,378 $253,084,954 $554,921,332 31-Dec-72 1-Jan-73 264% $307,873,105 $258,146,653 $566,019,759 31-Dec-73 1-Jan-74 269% $314,030,567 $263,309,587 $577,340,154 31-Dec-74 1-Jan-75 275% $320,311,179 $268,575,778 $588,886,957 31-Dec-75 1-Jan-76 280% $326,717,402 $273,947,294 $600,664,696 31-Dec-76 1-Jan-77 286% $333,251,750 $279,426,240 $612,677,990 31-Dec-77 1-Jan-78 291% $339,916,785 $285,014,765 $624,931,550 31-Dec-78 1-Jan-79 297% $346,715,121 $290,715,060 $637,430,181 31-Dec-79 1-Jan-80 303% $353,649,423 $296,529,361 $650,178,784 31-Dec-80 1-Jan-81 309% $360,722,412 $302,459,948 J1 $302,459,948 MuniCap, Inc. According to the Parker County Appraisal District and Tarrant County Appraisal District property is assessed as of January 1 annually. During construction, the assessed value represents the portion of the building completed as of January 1. Assumes no assessed value during construction. 2Assumes an annual inflation factor of 2.0%. 3See Exhibit C-1.26. 4See Exhibit C-1.27. EXHIBIT C-2.7 PROJECTED TAXABLE VALUE - ALL DEVELOPMENT YEARS Reinvestment Zone Number Sixteen Fort Worth, Texas (Veaue Ranch) Exhibit C-2.7: Proiected Assessed Value - All Land Uses - All Development Years Development 2.0% Total Year Assessed Inflation 2024-2029 Development 2030-2034 Development 2035-2039 Development 2040-2044 Development 2045-2049 Development 2050-2051 Development Projected Ending As Ot' Facto?$ Projected Assessed Value? Projected Assessed Value Projected Assessed Value? Projected Assessed Value Projected Assessed Value Projected Assessed Value Assessed Value 31-Dec-23 1-Jan-24 100% $0 $0 $0 $0 $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 $0 $0 $0 $0 31-Dec-25 1-Jan-26 104% $164,386,108 $0 $0 $0 $0 $0 $164,386,108 31-Dec-26 1-Jan-27 106% $377,690,010 $0 $0 $0 $0 $0 $377,690,010 31-Dec-27 1-Jan-28 108% $437,109,630 $0 $0 $0 $0 $0 $437,109,630 31-Dec-28 1-Jan-29 110% $880,890,266 $0 $0 $0 $0 $0 $880,890,266 31-Dec-29 1-Jan-30 113% $1,352,568,959 $0 $0 $0 $0 $0 $1,352,568,959 31-Dec-30 I-Jan-31 115% $1,379,620,338 $463,142,106 $0 $0 $0 $0 $1,842,762,444 31-Dec-31 1-Jan-32 117% $1,407,212,745 $944,809,895 $0 $0 $0 $0 $2,352,022,640 31-Dec-32 I-Jan-33 120% $1,435,357,000 $1,445,559,140 $0 $0 $0 $0 $2,880,916,140 31-Dec-33 1-Jan-34 122% $1,464,064,140 $1,965,960,430 $0 $0 $0 $0 $3,430,024,570 31-Dec-34 I-Jan-35 124% $1,493,345,422 $2,506,599,548 $0 $0 $0 $0 $3,999,944,971 31-Dec-35 1-Jan-36 127% $1,523,212,331 $2,556,731,539 $511,346,308 $0 $0 $0 $4,591,290,178 31-Dec-36 I-Jan-37 129% $1,553,676,578 $2,607,866,170 $1,043,146,468 $0 $0 $0 $5,204,689,216 31-Dec-37 1-Jan-38 132% $1,584,750,109 $2,660,023,494 $1,596,014,096 $0 $0 $0 $5,840,787,699 31-Dec-38 I-Jan-39 135% $1,616,445,111 $2,713,223,963 $2,170,579,171 $0 $0 $0 $6,500,248,246 31-Dec-39 1-Jan-00 137% $1,648,774,014 $2,767,488,443 $2,767,488,443 $0 $0 $0 $7,183,750,899 31-Dec-40 I-Jan41 140% $1,681,749,494 $2,822,838,212 $2,822,838,212 $534,830,734 $0 $0 $7,862,256,651 31-Dec-41 1-Jan-42 143% $1,715,384,484 $2,879,294,976 $2,879,294,976 $1,091,054,698 $0 $0 $8,565,029,133 31-Dec-42 I-Jan43 146% $1,749,692,173 $2,936,880,875 $2,936,880,875 $1,424,821,769 $0 $0 $9,048,275,693 31-Dec-43 1-Jan- 4 149% $1,784,686,017 $2,995,618,493 $2,995,618,493 $1,771,503,101 $0 $0 $9,547,426,104 31-Dec-44 1-Jan-45 152% $1,820,379,737 $3,055,530,863 $3,055,530,863 $2,075,499,252 $0 $0 $10,006,940,714 31-DecA5 1-Jan46 155% $1,856,787,332 $3,116,641,480 $3,116,641,480 $2,117,009,237 $273,937,410 $0 $10,481,016,939 31-Dec-46 1-Jan-47 158% $1,893,923,079 $3,178,974,310 $3,178,974,310 $2,159,349,421 $558,832,316 $0 $10,970,053,436 31-Dec-47 1-Jan-48 161% $1,931,801,540 $3,242,553,796 $3,242,553,796 $2,202,536,410 $777,943,565 $0 $11,397,389,106 31-Dec-48 I-Jan-49 164% $1,970,437,571 $3,307,404,872 $3,307,404,872 $2,246,587,138 $999,653,376 $297,118 $11,831,784,946 31-Dec-49 1-Jan-50 167% $2,009,846,322 $3,373,552,969 $3,373,552,969 $2,291,518,881 $1,214,582,935 $303,060 $12,263,357,136 31-Dec-50 I-Jan-51 171% $2,050,043,249 $3,441,024,029 $3,441,024,029 $2,337,349,258 $1,238,874,593 $199,144,343 $12,707,459,500 31-Dec-51 1-Jan-52 174% $2,091,044,114 $3,509,844,509 $3,509,844,509 $2,384,096,244 $1,263,652,085 $373,446,149 $13,131,927,609 31-Dec-52 I-Jan-53 178% $2,132,864,996 $3,580,041,399 $3,580,041,399 $2,431,778,168 $1,288,925,127 $380,915,072 $13,394,566,161 31-Dec-53 1-Jan-54 181% $2,175,522,296 $3,651,642,227 $3,651,642,227 $2,480,413,732 $1,314,703,629 $388,533,373 $13,662,457,485 31-Dec-54 I-Jan-55 185% $2,219,032,742 $3,724,675,072 $3,724,675,072 $2,530,022,006 $1,340,997,702 $396,304,040 $13,935,706,634 31-Dec-55 1-Jan-56 188% $1,965,650,716 $3,799,168,573 $3,799,168,573 $2,580,622,447 $1,367,817,656 $404,230,121 $13,916,658,087 31-Dec-56 I-Jan-57 192% $1,624,548,490 $3,875,151,945 $3,875,151,945 $2,632,234,895 $1,395,174,009 $412,314,724 $13,814,576,007 31-Dec-57 1-Jan-58 196% $1,563,091,707 $3,952,654,984 $3,952,654,984 $2,684,879,593 $1,423,077,489 $420,561,018 $13,996,919,775 31-Dec-58 I-Jan-59 200% $806,341,617 $4,031,708,083 $4,031,708,083 $2,738,577,185 $1,451,539,039 $428,972,239 $13,488,846,246 31-Dec-59 1-Jan-60 204% $0 $4,112,342,245 $4,112,342,245 $2,793,348,729 $1,480,569,820 $437,551,683 $12,936,154,722 31-Dec-60 I-Jan-61 208% $0 $3,355,671,272 $4,194,589,090 $2,849,215,703 $1,510,181,216 $446,302,717 $12,355,959,999 31-Dec-61 1-Jan-62 212% $0 $2,567,088,523 $4,278,480,872 $2,906,200,018 $1,540,384,841 $455,228,771 $11,747,383,024 31-Dec-62 I-Jan-63 216% $0 $1,745,620,196 $4,364,050,489 $2,964,324,018 $1,571,192,538 $464,333,347 $11,109,520,587 31-Dec-63 1-Jan-64 221% $0 $890,266,300 $4,451,331,499 $3,023,610,498 $1,602,616,388 $473,620,014 $10,441,444,699 31-Dec-64 I-Jan-65 225% $0 $0 $4,540,358,129 $3,084,082,708 $1,634,668,716 $483,092,414 $9,742,201,967 31-Dec-65 1-Jan-66 230% $0 $0 $3,704,932,233 $3,145,764,362 $1,667,362,090 $492,754,262 $9,010,812,948 31-Dec-66 I-Jan-67 234% $0 $0 $2,834,273,158 $3,208,679,650 $1,700,709,332 $502,609,347 $8,246,271,488 31-Dec-67 1-Jan-68 239% $0 $0 $1,927,305,748 $3,272,853,243 $1,734,723,519 $512,661,534 $7,447,544,044 31-Dec-68 14an-69 244% $0 $0 $982,925,931 $3,338,310,307 $1,769,417,989 $522,914,765 $6,613,568,993 31-Dec-69 1-Jan-70 249% $0 $0 $0 $3,405,076,514 $1,804,806,349 $533,373,060 $5,743,255,923 31-Dec-70 1-Jan-71 254% $0 $0 $0 $2,504,406,198 $1,840,902,476 $544,040,522 $4,889,349,196 31-Dec-71 1-Jan-72 259% $0 $0 $0 $1,566,347,039 $1,877,720,525 $554,921,332 $3,998,988,897 31-Dec-72 1-Jan-73 264% $0 $0 $0 $1,032,627,020 $1,915,274,936 $566,019,759 $3,513,921,715 31-Dec-73 1-Jan-74 269% $0 $0 $0 $476,931,662 $1,953,580,435 $577,340,154 $3,007,852,250 31-Dec-74 1-Jan-75 275% $0 $0 $0 $0 $1,992,652,043 $588,886,957 $2,581,539,000 31-Dec-75 1-Jan-76 280% $0 $0 $0 $0 $1,536,305,383 $600,664,696 $2,136,970,079 31-Dec-76 1-Jan-77 286% $0 $0 $0 $0 $1,060,907,796 $612,677,990 $1,673,585,786 31-Dec-77 1-Jan-78 291% $0 $0 $0 $0 $705,481,201 $624,931,550 $1,330,412,751 31-Dec-78 1-Jan-79 297% $0 $0 $0 $0 $346,176,933 $637,430,181 $983,607,114 31-Dec-79 1-Jan-80 303% $0 $0 $0 $0 $0 $650,178,784 $650,178,784 31-Dec-80 1-Jan-81 309% $0 $0 $0 $0 $0 $302,459,948 $302,459,948 Mumcap, Inc https'//mmurzzmp.sharepomt.com/5itev/ALLSTAFFITEXASItswIFort WortklVeale RawhITIRZIPrjecton,/F4no11[Vea7e Ra.h TIRZ P erection No. 7.2.x! ]Exhibit C-2.7 4-Oct-23 According to the Parker CountyAppmisal Distract and Tartan[ County Appmisal District property is assessed as of January 1 annually. During constmctmn, the assessed value represents the portion ofthe buddmg completed u of January 1. Assumes no assessed value dmmg cons tma. 'Assumes as annual mflatioa factor of 2 0% 'See Exhibit G2.1. 4See Exhibit G22 'See Exhibn C-2.3, 6See Exhibit G24 7See, Exhibit C-2.5. sSee Exhibit C-2.6. EXHIBIT D-1.1 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR TIRZ OBLIGATIONS Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit D-1.1: Proiected Incremental Assessed Value & Incremental Real Pronertv Taxes Available for TIRZ Oblieations City of Development Fort Worth Real Total Percent Total Available Year Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental Ending As of Factor' Assessed Value' Base Value Incremental Value (Per $100 A.V.)° Tax Revenues TIRZ Obligations Tax Revenues 31-Dec-23 1-Jan-24 100% $0 ($5,256,331) $0 $0.672500 $0 65.00% $0 31-Dec-24 1-Jan-25 102% $0 ($5,256,331) $0 $0.672500 $0 65.00% $0 31-Dec-25 1-Jan-26 104% $164,386,108 ($5,256,331) $159,129,777 $0.672500 $1,070,148 65.00% $695,596 31-Dec-26 1-Jan-27 106% $377,690,010 ($5,256,331) $372,433,679 $0.672500 $2,504,616 65.00% $1,628,001 31-Dec-27 1-Jan-28 108% $437,109,630 ($5,256,331) $431,853,299 $0.672500 $2,904,213 65.00% $1,887,739 31-Dec-28 1-Jan-29 110% $880,890,266 ($5,256,331) $875,633,935 $0.672500 $5,888,638 65.00% $3,827,615 31-Dec-29 1-Jan-30 113% $1,352,568,959 ($5,256,331) $1,347,312,628 $0.672500 $9,060,677 65.00% $5,889,440 31-Dec-30 1-Jan-31 115% $1,842,762,444 ($5,256,331) $1,837,506,113 $0.672500 $12,357,229 65.00% $8,032,199 31-Dec-31 1-Jan-32 117% $2,352,022,640 ($5,256,331) $2,346,766,309 $0.672500 $15,782,003 65.00% $10,258,302 31-Dec-32 1-Jan-33 120% $2,880,916,140 ($5,256,331) $2,875,659,809 $0.672500 $19,338,812 65.00% $12,570,228 31-Dec-33 1-Jan-34 122% $3,430,024,570 ($5,256,331) $3,424,768,239 $0.672500 $23,031,566 65.00% $14,970,518 31-Dec-34 1-Jan-35 124% $3,999,944,971 ($5,256,331) $3,994,688,640 $0.672500 $26,864,281 65.00% $17,461,783 31-Dec-35 1-Jan-36 127% $4,591,290,178 ($5,256,331) $4,586,033,847 $0.672500 $30,841,078 65.00% $20,046,700 31-Dec-36 1-Jan-37 129% $5,204,689,216 ($5,256,331) $5,199,432,885 $0.672500 $34,966,186 65.00% $22,728,021 31-Dec-37 1-Jan-38 132% $5,840,787,699 ($5,256,331) $5,835,531,368 $0.672500 $39,243,948 65.00% $25,508,566 31-Dec-38 1-Jan-39 135% $6,500,248,246 ($5,256,331) $6,494,991,915 $0.672500 $43,678,821 65.00% $28,391,233 31-Dec-39 1-Jan-40 137% $7,183,750,899 ($5,256,331) $7,178,494,568 $0.672500 $48,275,376 65.00% $31,378,994 31-Dec-40 1-Jan-41 140% $7,862,256,651 ($5,256,331) $7,857,000,320 $0.672500 $52,838,327 65.00% $34,344,913 31-Dec-41 1-Jan-42 143% $8,565,029,133 ($5,256,331) $8,559,772,802 $0.672500 $57,564,472 65.00% $37,416,907 31-Dec-42 1-Jan-43 146% $9,048,275,693 ($5,256,331) $9,043,019,362 $0.672500 $60,814,305 65.00% $39,529,298 31-Dec-43 1-Jan-44 149% $9,547,426,104 ($5,256,331) $9,542,169,773 $0.672500 $64,171,092 65.00% $41,711,210 31-Dec-44 I-Jan-45 152% $10,006,940,714 ($5,256,331) $10,001,684,383 $0.672500 $67,261,327 65.00% $43,719,863 31-Dec-45 1-Jan-46 155% $10,481,016,939 ($5,256,331) $10,475,760,608 $0.672500 $70,449,490 65.00% $45,792,169 31-Dec-46 I-Jan-47 158% $10,970,053,436 ($5,256,331) $10,964,797,105 $0.672500 $73,738,261 65.00% $47,929,869 31-Dec-47 1-Jan-48 161% $11,397,389,106 ($5,256,331) $11,392,132,775 $0.672500 $76,612,093 65.00% $49,797,860 31-Dec-48 I-Jan49 164% $11,831,784,946 ($5,256,331) $11,826,528,615 $0.672500 $79,533,405 65.00% $51,696,713 31-Dec49 1-Jan-50 167% $12,263,357,136 ($5,256,331) $12,258,100,805 $0.672500 $82,435,728 65.00% $53,583,223 31-Dec-50 1-Jan-51 171% $12,707,459,500 ($5,256,331) $12,702,203,169 $0.672500 $85,422,316 65.00% $55,524,506 31-Dec-51 1-Jan-52 174% $13,131,927,609 ($5,256,331) $13,126,671,278 $0.672500 $88,276,864 65.00% $57,379,962 31-Dec-52 1-Jan-53 178% $13,394,566,161 ($5,256,331) $13,389,309,830 $0.672500 $90,043,109 65.00% $58,528,021 31-Dec-53 1-Jan-54 181% $13,662,457,485 ($5,256,331) $13,657,201,154 $0.672500 $91,844,678 65.00% $59,699,041 31-Dec-54 1-Jan-55 185% $13,935,706,634 ($5,256,331) $13,930,450,303 $0.672500 $93,682,278 65.00% $60,893,481 31-Dec-55 1-Jan-56 188% $13,916,658,087 ($5,149,701) $13,911,508,386 $0.672500 $93,554,894 65.00% $60,810,681 31-Dec-56 1-Jan-57 192% $13,814,576,007 ($4,970,875) $13,809,605,133 $0.672500 $92,869,595 65.00% $60,365,236 31-Dec-57 1-Jan-58 196% $13,996,919,775 ($4,706,316) $13,992,213,459 $0.672500 $94,097,636 65.00% $61,163,463 31-Dec-58 1-Jan-59 200% $13,488,846,246 ($4,435,733) $13,484,410,513 $0.672500 $90,682,661 65.00% $58,943,729 31-Dec-59 1-Jan-60 204% $12,936,154,722 ($4,160,331) $12,931,994,391 $0.672500 $86,967,662 65.00% $56,528,980 31-Dec-60 1-Jan-61 208% $12,355,959,999 ($3,884,929) $12,352,075,070 $0.672500 $83,067,705 65.00% $53,994,008 31-Dec-61 1-Jan-62 212% $11,747,383,024 ($3,609,527) $11,743,773,498 $0.672500 $78,976,877 65.00% $51,334,970 31-Dec-62 1-Jan-63 216% $11,109,520,587 ($3,334,124) $11,106,186,463 $0.672500 $74,689,104 65.00% $48,547,918 31-Dec-63 1-Jan-64 221% $10,441,444,699 ($3,058,722) $10,438,385,977 $0.672500 $70,198,146 65.00% $45,628,795 31-Dec-64 1-Jan-65 225% $9,742,201,967 ($2,783,320) $9,739,418,647 $0.672500 $65,497,590 65.00% $42,573,434 31-Dec-65 1-Jan-66 230% $9,010,812,948 ($2,507,918) $9,008,305,031 $0.672500 $60,580,851 65.00% $39,377,553 31-Dec-66 1-Jan-67 234% $8,246,271,488 ($2,232,515) $8,244,038,972 $0.672500 $55,441,162 65.00% $36,036,755 31-Dec-67 1-Jan-68 239% $7,447,544,044 ($1,957,113) $7,445,586,930 $0.672500 $50,071,572 65.00% $32,546,522 31-Dec-68 1-Jan-69 244% $6,613,568,993 ($1,681,711) $6,611,887,282 $0.672500 $44,464,942 65.00% $28,902,212 31-Dec-69 1-Jan-70 249% $5,743,255,923 ($1,406,309) $5,741,849,614 $0.672500 $38,613,939 65.00% $25,099,060 31-Dec-70 1-Jan-71 254% $4,889,349,196 ($1,169,703) $4,888,179,493 $0.672500 $32,873,007 65.00% $21,367,455 31-Dec-71 1-Jan-72 259% $3,998,988,897 ($933,097) $3,998,055,800 $0.672500 $26,886,925 65.00% $17,476,501 31-Dec-72 1-Jan-73 264% $3,513,921,715 ($806,510) $3,513,115,205 $0.672500 $23,625,700 65.00% $15,356,705 31-Dec-73 1-Jan-74 269% $3,007,852,250 ($679,923) $3,007,172,327 $0.672500 $20,223,234 65.00% $13,145,102 31-Dec-74 1-Jan-75 275% $2,581,539,000 ($578,408) $2,580,960,592 $0.672500 $17,356,960 65.00% $11,282,024 31-Dec-75 1-Jan-76 280% $2,136,970,079 ($476,893) $2,136,493,186 $0.672500 $14,367,917 65.00% $9,339,146 31-Dec-76 1-Jan-77 286% $1,673,585,786 ($375,378) $1,673,210,408 $0.672500 $11,252,340 65.00% $7,314,021 31-Dec-77 1-Jan-78 291% $1,330,412,751 ($285,911) $1,330,126,840 $0.672500 $8,945,103 65.00% $5,814,317 31-Dec-78 1-Jan-79 297% $983,607,114 ($202,469) $983,404,645 $0.672500 $6,613,396 65.00% $4,298,708 31-Dec-79 1-Jan-80 303% $650,178,784 ($123,847) $650,054,938 $0.672500 $4,371,619 65.00% $2,841,553 31-Dec-80 1-Jan-81 309% $302,459,948 ($45,224) $302,414,724 $0.672500 $2,033,739 65.00% $1,321,930 Total $2,698,819,614 $1,754,232,749 MuniCap, Inc. https:Ilmumcap.sharepoint.com/sitesIALLSTAFFITEXAS/texas/Fort WorthlVeale Ranch/TIRZ/Projections/FinaU[Veale Ranch TIRZ Projection No. 7.2.x1sx]EXRIBIT D-1J 4-Oct-23 'Assumes an annual inflation factor of 2.0%. 2See Exhibit C-2.7. 'See Exhibit H. The TIRZ property in the ETJ of the City, if any, will not generate city taxes until annexed into the City. °Represents the City of Fort Worth real property tax rate for tax year 2023. Source: Tarrant County Tax Assessor -Collector. 'Assumes 65% the incremental tax revenues are available for the repayment of TIRZ obligations EXHIBIT D-1.2 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE FOR THE CITY Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Exhibit D-1.2: Proiected Incremental Assessed Value & Incremental Real Pronertv Taxes Available for the Citv City of Development Fort Worth Real Total Percent Total Available Year Assessed Inflation Total Projected Estimated Property Tax Rate Incremental Available for Incremental Ending As of Factor' Assessed Value' Base Value Incremental Value (Per $100 A.V.)° Tax Revenues to the City' Tax Revenues 31-Dec-23 1-Jan-24 100% $0 ($5,256,331) $0 $0.672500 $0 35.00% $0 31-Dec-24 1-Jan-25 102% $0 ($5,256,331) $0 $0.672500 $0 35.00% $0 31-Dec-25 1-Jan-26 104% $164,386,108 ($5,256,331) $159,129,777 $0.672500 $1,070,148 35.00% $374,552 31-Dec-26 1-Jan-27 106% $377,690,010 ($5,256,331) $372,433,679 $0.672500 $2,504,616 35.00% $876,616 31-Dec-27 1-Jan-28 108% $437,109,630 ($5,256,331) $431,853,299 $0.672500 $2,904,213 35.00% $1,016,475 31-Dec-28 1-Jan-29 110% $880,890,266 ($5,256,331) $875,633,935 $0.672500 $5,888,638 35.00% $2,061,023 31-Dec-29 1-Jan-30 113% $1,352,568,959 ($5,256,331) $1,347,312,628 $0.672500 $9,060,677 35.00% $3,171,237 31-Dec-30 1-Jan-31 115% $1,842,762,444 ($5,256,331) $1,837,506,113 $0.672500 $12,357,229 35.00% $4,325,030 31-Dec-31 1-Jan-32 117% $2,352,022,640 ($5,256,331) $2,346,766,309 $0.672500 $15,782,003 35.00% $5,523,701 31-Dec-32 1-Jan-33 120% $2,880,916,140 ($5,256,331) $2,875,659,809 $0.672500 $19,338,812 35.00% $6,768,584 31-Dec-33 1-Jan-34 122% $3,430,024,570 ($5,256,331) $3,424,768,239 $0.672500 $23,031,566 35.00% $8,061,048 31-Dec-34 1-Jan-35 124% $3,999,944,971 ($5,256,331) $3,994,688,640 $0.672500 $26,864,281 35.00% $9,402,498 31-Dec-35 1-Jan-36 127% $4,591,290,178 ($5,256,331) $4,586,033,847 $0.672500 $30,841,078 35.00% $10,794,377 31-Dec-36 1-Jan-37 129% $5,204,689,216 ($5,256,331) $5,199,432,885 $0.672500 $34,966,186 35.00% $12,238,165 31-Dec-37 1-Jan-38 132% $5,840,787,699 ($5,256,331) $5,835,531,368 $0.672500 $39,243,948 35.00% $13,735,382 31-Dec-38 1-Jan-39 135% $6,500,248,246 ($5,256,331) $6,494,991,915 $0.672500 $43,678,821 35.00% $15,287,587 31-Dec-39 1-Jan-40 137% $7,183,750,899 ($5,256,331) $7,178,494,568 $0.672500 $48,275,376 35.00% $16,896,382 31-Dec-40 1-Jan-41 140% $7,862,256,651 ($5,256,331) $7,857,000,320 $0.672500 $52,838,327 35.00% $18,493,415 31-Dec-41 1-Jan-42 143% $8,565,029,133 ($5,256,331) $8,559,772,802 $0.672500 $57,564,472 35.00% $20,147,565 31-Dec-42 1-Jan-43 146% $9,048,275,693 ($5,256,331) $9,043,019,362 $0.672500 $60,814,305 35.00% $21,285,007 31-Dec-43 1-Jan-44 149% $9,547,426,104 ($5,256,331) $9,542,169,773 $0.672500 $64,171,092 35.00% $22,459,882 31-Dec-44 1-Jan-45 152% $10,006,940,714 ($5,256,331) $10,001,684,383 $0.672500 $67,261,327 35.00% $23,541,465 31-Dec-45 1-Jan-46 155% $10,481,016,939 ($5,256,331) $10,475,760,608 $0.672500 $70,449,490 35.00% $24,657,322 31-Dec-46 1-Jan-47 158% $10,970,053,436 ($5,256,331) $10,964,797,105 $0.672500 $73,738,261 35.00% $25,808,391 31-Dec-47 1-Jan-48 161% $11,397,389,106 ($5,256,331) $11,392,132,775 $0.672500 $76,612,093 35.00% $26,814,233 31-Dec-48 1-Jan-49 164% $11,831,784,946 ($5,256,331) $11,826,528,615 $0.672500 $79,533,405 35.00% $27,836,692 31-Dec-49 1-Jan-50 167% $12,263,357,136 ($5,256,331) $12,258,100,805 $0.672500 $82,435,728 35.00% $28,852,505 31-Dec-50 1-Jan-51 171% $12,707,459,500 ($5,256,331) $12,702,203,169 $0.672500 $85,422,316 35.00% $29,897,811 31-Dec-51 1-Jan-52 174% $13,131,927,609 ($5,256,331) $13,126,671,278 $0.672500 $88,276,864 35.00% $30,896,903 31-Dec-52 1-Jan-53 178% $13,394,566,161 ($5,256,331) $13,389,309,830 $0.672500 $90,043,109 35.00% $31,515,088 31-Dec-53 1-Jan-54 181% $13,662,457,485 ($5,256,331) $13,657,201,154 $0.672500 $91,844,678 35.00% $32,145,637 31-Dec-54 1-Jan-55 185% $13,935,706,634 ($5,256,331) $13,930,450,303 $0.672500 $93,682,278 35.00% $32,788,797 31-Dec-55 1-Jan-56 188% $13,916,658,087 ($5,149,701) $13,911,508,386 $0.672500 $93,554,894 35.00% $32,744,213 31-Dec-56 1-Jan-57 192% $13,814,576,007 ($4,970,875) $13,809,605,133 $0.672500 $92,869,595 35.00% $32,504,358 31-Dec-57 1-Jan-58 196% $13,996,919,775 ($4,706,316) $13,992,213,459 $0.672500 $94,097,636 35.00% $32,934,172 31-Dec-58 1-Jan-59 200% $13,488,846,246 ($4,435,733) $13,484,410,513 $0.672500 $90,682,661 35.00% $31,738,931 31-Dec-59 1-Jan-60 204% $12,936,154,722 ($4,160,331) $12,931,994,391 $0.672500 $86,967,662 35.00% $30,438,682 31-Dec-60 1-Jan-61 208% $12,355,959,999 ($3,884,929) $12,352,075,070 $0.672500 $83,067,705 35.00% $29,073,697 31-Dec-61 1-Jan-62 212% $11,747,383,024 ($3,609,527) $11,743,773,498 $0.672500 $78,976,877 35.00% $27,641,907 31-Dec-62 1-Jan-63 216% $11,109,520,587 ($3,334,124) $11,106,186,463 $0.672500 $74,689,104 35.00% $26,141,186 31-Dec-63 1-Jan-64 221% $10,441,444,699 ($3,058,722) $10,438,385,977 $0.672500 $70,198,146 35.00% $24,569,351 31-Dec-64 1-Jan-65 225% $9,742,201,967 ($2,783,320) $9,739,418,647 $0.672500 $65,497,590 35.00% $22,924,157 31-Dec-65 1-Jan-66 230% $9,010,812,948 ($2,507,918) $9,008,305,031 $0.672500 $60,580,851 35.00% $21,203,298 31-Dec-66 1-Jan-67 234% $8,246,271,488 ($2,232,515) $8,244,038,972 $0.672500 $55,441,162 35.00% $19,404,407 31-Dec-67 1-Jan-68 239% $7,447,544,044 ($1,957,113) $7,445,586,930 $0.672500 $50,071,572 35.00% $17,525,050 31-Dec-68 1-Jan-69 244% $6,613,568,993 ($1,681,711) $6,611,887,282 $0.672500 $44,464,942 35.00% $15,562,730 31-Dec-69 1-Jan-70 249% $5,743,255,923 ($1,406,309) $5,741,849,614 $0.672500 $38,613,939 35.00% $13,514,879 31-Dec-70 1-Jan-71 254% $4,889,349,196 ($1,169,703) $4,898,179,493 $0.672500 $32,873,007 35.00% $11,505,552 31-Dec-71 1-Jan-72 259% $3,998,988,897 ($933,097) $3,998,055,800 $0.672500 $26,886,925 35.00% $9,410,424 31-Dec-72 1-Jan-73 264% $3,513,921,715 ($806,510) $3,513,115,205 $0.672500 $23,625,700 35.00% $8,268,995 31-Dec-73 1-Jan-74 269% $3,007,852,250 ($679,923) $3,007,172,327 $0.672500 $20,223,234 35.00% $7,078,132 31-Dec-74 1-Jan-75 275% $2,581,539,000 ($578,408) $2,590,960,592 $0.672500 $17,356,960 35.00% $6,074,936 31-Dec-75 1-Jan-76 280% $2,136,970,079 ($476,893) $2,136,493,186 $0.672500 $14,367,917 35.00% $5,028,771 31-Dec-76 1-Jan-77 286% $1,673,585,786 ($375,378) $1,673,210,408 $0.672500 $11,252,340 35.00% $3,938,319 31-Dec-77 1-Jan-78 291% $1,330,412,751 ($285,911) $1,330,126,840 $0.672500 $8,945,103 35.00% $3,130,786 31-Dec-78 1-Jan-79 297% $983,607,114 ($202,469) $983,404,645 $0.672500 $6,613,396 35.00% $2,314,689 31-Dec-79 1-Jan-80 303% $650,178,784 ($123,847) $650,054,938 $0.672500 $4,371,619 35.00% $1,530,067 31-Dec-80 1-Jan-81 309% $302,459,948 ($45,224) $302,414,724 $0.672500 $2,033,739 35.00% $711,809 Total $2,698,819,614 $944,586,865 MuniCap, Inc. https://municap.sharepomt.comlsitesIALLSTAFFITEXASItexasIFort Worth/Veale RanchITIRZ/Projections/Final/[Meade Ranch TIRZ Projection No. 7.2.x1sx]EXIIIBITD-1.2.A 4-Oct-23 'Assumes an annual inflation factor of 2.0%. 2See Exhibit C-2.7. 'See Exhibit H. The TIRZ property in the ETJ of the City, if any, will not generate city taxes until annexed into the City. °Represents the City of Fort Worth real property tax rate for tax year 2023. Source: Tarrant County Tax Assessor -Collector. 'Assumes 35% the incremental tax revenues are available for return to the City 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 (Veale Ranch) Exhibit D-1.3: Proiected Incremental Real Property Taxes Available for the Citv 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 Ending As of Factor Assessed Value' Base Value Incremental Value (Per $100 AN.)° Tax Revenues City, Tax Revenues' 31-Dec-23 1-Jan-24 100% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-24 1-Jan-25 102% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-25 1-Jan-26 104% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-26 1-Jan-27 106% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-27 1-Jan-28 108% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-28 1-Jan-29 110% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-29 1-Jan-30 113% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-30 1-Jan-31 115% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-31 1-Jan-32 117% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-32 1-Jan-33 120% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-33 1-Jan-34 122% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-34 1-Jan-35 124% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-35 1-Jan-36 127% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-36 1-Jan-37 129% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-37 1-Jan-38 132% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-38 1-Jan-39 135% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-39 1-Jan40 137% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-40 1-Jan-41 140% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-41 1-Jan42 143% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-42 1-Jan-43 146% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-43 1-Jan44 149% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-44 1-Jan-45 152% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-45 1-Jan46 155% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-46 1-Jan-47 158% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-47 1-Jan48 161% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-48 1-Jan-49 164% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-49 1-Jan-50 167% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-50 1-Jan-51 171% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-51 1-Jan-52 174% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-52 1-Jan-53 178% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-53 1-Jan-54 181% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-54 1-Jan-55 185% $0 ($5,256,331) $0 $0.672500 $0 100.00% $0 31-Dec-55 1-Jan-56 188% $297,762,680 ($5,149,701) $292,612,980 $0.672500 $1,967,822 100.00% $1,967,822 31-Dec-56 1-Jan-57 192% $684,133,175 ($4,970,875) $679,162,300 $0.672500 $4,567,366 100.00% $4,567,366 31-Dec-57 1-Jan-58 196% $791,763,591 ($4,706,316) $787,057,275 $0.672500 $5,292,960 100.00% $5,292,960 31-Dec-58 1-Jan-59 200% $1,595,610,787 ($4,435,733) $1,591,175,054 $0.672500 $10,700,652 100.00% $10,700,652 31-Dec-59 1-Jan-60 204% $2,449,991,452 ($4,160,331) $2,445,831,121 $0.672500 $16,448,214 100.00% $16,448,214 31-Dec-60 1-Jan-61 208% $3,337,909,099 ($3,884,929) $3,334,024,170 $0.672500 $22,421,313 100.00% $22,421,313 31-Dec-61 1-Jan-62 212% $4,260,363,455 ($3,609,527) $4,256,753,929 $0.672500 $28,626,670 100.00% $28,626,670 31-Dec-62 1-Jan-63 216% $5,218,380,822 ($3,334,124) $5,215,046,698 $0.672500 $35,071,189 100.00% $35,071,189 31-Dec-63 1-Jan-64 221% $6,213,014,738 ($3,058,722) $6,209,956,016 $0.672500 $41,761,954 100.00% $41,761,954 31-Dec-64 1-Jan-65 225% $7,245,346,659 ($2,783,320) $7,242,563,339 $0.672500 $48,706,238 100.00% $48,706,238 31-Dec-65 1-Jan-66 230% $8,316,486,650 ($2,507,918) $8,313,978,733 $0.672500 $55,911,507 100.00% $55,911,507 31-Dec-66 1-Jan-67 234% $9,427,574,103 ($2,232,515) $9,425,341,588 $0.672500 $63,385,422 100.00% $63,385,422 31-Dec-67 1-Jan-68 239% $10,579,778,459 ($1,957,113) $10,577,821,346 $0.672500 $71,135,849 100.00% $71,135,849 31-Dec-68 1-Jan-69 244% $11,774,299,959 ($1,681,711) $11,772,618,248 $0.672500 $79,170,858 100.00% $79,170,858 31-Dec-69 1-Jan-70 249% $13,012,370,408 ($1,406,309) $13,010,964,100 $0.672500 $87,498,734 100.00% $87,498,734 31-Dec-70 1-Jan-71 254% $14,241,389,662 ($1,169,703) $14,240,219,959 $0.672500 $95,765,479 100.00% $95,765,479 31-Dec-71 1-Jan-72 259% $15,514,364,738 ($933,097) $15,513,431,641 $0.672500 $104,327,828 100.00% $104,327,828 31-Dec-72 1-Jan-73 264% $16,389,698,993 ($806,510) $16,388,892,483 $0.672500 $110,215,302 100.00% $110,215,302 31-Dec-73 1-Jan-74 269% $17,293,840,872 ($679,923) $17,293,160,948 $0.672500 $116,296,507 100.00% $116,296,507 31-Dec-74 1-Jan-75 275% $18,126,187,984 ($578,408) $18,125,609,576 $0.672500 $121,894,724 100.00% $121,894,724 31-Dec-75 1-Jan-76 280% $18,984,911,445 ($476,893) $18,984,434,552 $0.672500 $127,670,322 100.00% $127,670,322 31-Dec-76 1-Jan-77 286% $19,870,733,369 ($375,378) $19,870,357,991 $0.672500 $133,628,157 100.00% $133,628,157 31-Dec-77 1-Jan-78 291% $20,644,792,786 ($285,911) $20,644,506,875 $0.672500 $138,834,309 100.00% $138,834,309 31-Dec-78 1-Jan-79 297% $21,431,102,534 ($202,469) $21,430,900,065 $0.672500 $144,122,803 100.00% $144,122,803 31-Dec-79 1-Jan-80 303% $22,212,825,057 ($123,847) $22,212,701,211 $0.672500 $149,380,416 100.00% $149,380,416 31-Dec-80 1-Jan-81 309% $23,017,244,040 ($45,224) $23,017,198,816 $0.672500 $154,790,662 100.00% $154,790,662 Total $7,087,059,042 $7,087,059,042 MuniCap, Inc. https:Ilmunicap.sharepoint.com/sitesIALLSTAFFITEXASRexasIFort Worth/Veale Ranch/TIRZ/Projections/Final/[Veale Ranch TIRZ Projection No. 7.2.x1sx]Exhibit Q1.2.B 4-Oct-23 Assumes an annual inflation factor of 2.0 %. 2See Exhibit C-2.7. 3See Exhibit H. The TIRZ property in the ETJ of the City, if any, Will not generate city taxes until annexed into the City. °Represents the City of Fort Worth real property tax rate for tax year 2023. Source: Tarrant County Tax Assessor -Collector. 'Assumes 100% the incremental tax revenues are available for return to the City after released from TIRZ obligations.. EXHIBIT D-1.4 PROJECTED INCREMENTAL ASSESSED VALUE & INCREMENTAL REAL PROPERTY TAXES AVAILABLE TO THE CITY - SUMMARY Reinvestment Zone Number Sixteen Fort Worth, Texas (Neale Ranch) Exhibit D-1.4: Proiected Incremental Real Property Taxes Available for the Citv - Summary Development Total Projected Total Projected Total Available Year Assessed Inflation Assessed Values Available Assessed Value released Incremental Tax Ending As of Factor For TIRZ Obligations from TIRZ obligations' Revenues to the City 31-Dec-23 1-Jan-24 100% $0 $0 $0 31-Dec-24 1-Jan-25 102% $0 $0 $0 31-Dec-25 1-Jan-26 104% $374,552 $0 $374,552 31-Dec-26 1-Jan-27 106% $876,616 $0 $876,616 31-Dec-27 1-Jan-28 108% $1,016,475 $0 $1,016,475 31-Dec-28 1-Jan-29 110% $2,061,023 $0 $2,061,023 31-Dec-29 1-Jan-30 113% $3,171,237 $0 $3,171,237 31-Dec-30 1-Jan-31 115% $4,325,030 $0 $4,325,030 31-Dec-31 1-Jan-32 117% $5,523,701 $0 $5,523,701 31-Dec-32 1-Jan-33 120% $6,768,584 $0 $6,768,584 31-Dec-33 1-Jan-34 122% $8,061,048 $0 $8,061,048 31-Dec-34 I-Jan-35 124% $9,402,498 $0 $9,402,498 31-Dec-35 1-Jan-36 127% $10,794,377 $0 $10,794,377 31-Dec-36 I-Jan-37 129% $12,238,165 $0 $12,238,165 31-Dec-37 1-Jan-38 132% $13,735,382 $0 $13,735,382 31-Dec-38 I-Jan-39 135% $15,287,587 $0 $15,287,587 31-Dec-39 1-Jan-40 137% $16,896,382 $0 $16,896,382 31-Dec-40 I-Jan-41 140% $18,493,415 $0 $18,493,415 31-Dec-41 1-Jan-42 143% $20,147,565 $0 $20,147,565 31-Dec-42 1-Jan-43 146% $21,285,007 $0 $21,285,007 31-Dec-43 1-Jan-44 149% $22,459,882 $0 $22,459,882 31-Dec-44 1-Jan-45 152% $23,541,465 $0 $23,541,465 31-Dec-45 1-Jan-46 155% $24,657,322 $0 $24,657,322 31-Dec-46 1-Jan-47 158% $25,808,391 $0 $25,808,391 31-Dec-47 1-Jan-48 161% $26,814,233 $0 $26,814,233 31-Dec-48 1-Jan-49 164% $27,835,992 $0 $27,835,992 31-Dec-49 1-Jan-50 167% $28,851,791 $0 $28,851,791 31-Dec-50 I-Jan-51 171% $29,897,083 $0 $29,897,083 31-Dec-51 1-Jan-52 174% $30,896,160 $0 $30,896,160 31-Dec-52 1-Jan-53 178% $31,514,331 $0 $31,514,331 31-Dec-53 1-Jan-54 181% $32,144,865 $0 $32,144,865 31-Dec-54 I-Jan-55 185% $32,788,010 $0 $32,788,010 31-Dec-55 1-Jan-56 188% $32,743,410 $1,967,822 $34,711,232 31-Dec-56 I-Jan-57 192% $32,503,539 $4,567,366 $37,070,905 31-Dec-57 1-Jan-58 196% $32,933,337 $5,292,960 $38,226,297 31-Dec-58 I-Jan-59 200% $31,738,079 $10,700,652 $42,438,731 31-Dec-59 1-Jan-60 204% $30,437,812 $16,448,214 $46,886,027 31-Dec-60 1-Jan-61 208% $29,072,810 $22,421,313 $51,494,122 31-Dec-61 1-Jan-62 212% $27,641,002 $28,626,670 $56,267,672 31-Dec-62 1-Jan-63 216% $26,140,264 $35,071,189 $61,211,453 31-Dec-63 1-Jan-64 221% $24,568,410 $41,761,954 $66,330,364 31-Dec-64 1-Jan-65 225% $22,923,197 $48,706,238 $71,629,435 31-Dec-65 1-Jan-66 230% $21,202,319 $55,911,507 $77,113,826 31-Dec-66 1-Jan-67 234% $19,403,408 $63,385,422 $82,788,830 31-Dec-67 1-Jan-68 239% $17,524,031 $71,135,849 $88,659,880 31-Dec-68 I-Jan-69 244% $15,561,691 $79,170,858 $94,732,548 31-Dec-69 1-Jan-70 249% $13,513,819 $87,498,734 $101,012,552 31-Dec-70 I-Jan-71 254% $11,504,471 $95,765,479 $107,269,951 31-Dec-71 1-Jan-72 259% $9,409,321 $104,327,828 $113,737,149 31-Dec-72 I-Jan-73 264% $8,267,870 $110,215,302 $118,483,172 31-Dec-73 1-Jan-74 269% $7,076,985 $116,296,507 $123,373,492 31-Dec-74 I-Jan-75 275% $6,073,766 $121,894,724 $127,968,490 31-Dec-75 1-Jan-76 280% $5,027,577 $127,670,322 $132,697,900 31-Dec-76 I-Jan-77 286% $3,937,101 $133,628,157 $137,565,259 31-Dec-77 1-Jan-78 291% $3,129,544 $138,834,309 $141,963,853 31-Dec-78 1-Jan-79 297% $2,313,422 $144,122,803 $146,436,225 31-Dec-79 1-Jan-80 303% $1,528,775 $149,380,416 $150,909,190 31-Dec-80 1-Jan-81 309% $711,809 $154,790,662 $155,502,471 31-Dec-81 1-Jan-82 315% $0 $159,926,161 $159,926,161 31-Dec-82 1-Jan-83 322% $0 $163,160,740 $163,160,740 31-Dec-83 1-Jan-84 328% $0 $166,388,606 $166,388,606 31-Dec-84 1-Jan-85 335% $0 $169,717,085 $169,717,085 31-Dec-85 1-Jan-86 341% $0 $173,112,133 $173,112,133 31-Dec-86 I-Jan-87 348% $0 $176,575,083 $176,575,083 31-Dec-87 1-Jan-88 355% $0 $180,107,292 $180,107,292 31-Dec-88 I-Jan-89 362% $0 $183,710,145 $183,710,145 31-Dec-89 1-Jan-90 369% $0 $187,385,054 $187,385,054 31-Dec-90 1-Jan-91 377% $0 $191,133,462 $191,133,462 31-Dec-91 1-Jan-92 384% $0 $194,956,839 $194,956,839 31-Dec-92 I-Jan-93 392% $0 $198,856,682 $198,856,682 31-Dec-93 1-Jan-94 400% $0 $197,533,585 $197,533,585 31-Dec-94 I-Jan-95 408% $0 $206,891,920 $206,891,920 31-Dec-95 1-Jan-96 416% $0 $211,030,466 $211,030,466 31-Dec-96 1-Jan-97 424% $0 $215,251,782 $215,251,782 31-Dec-97 1-Jan-98 433% $0 $219,557,525 $219,557,525 31-Dec-98 1-Jan-99 442% $0 $223,949,382 $223,949,382 31-Dec-99 1-Jan-00 450% $0 $228,429,077 $228,429,077 31-Dec-00 1-Jan-01 459% $0 $232,998,365 $232,998,365 31-Dec-01 1-Jan-02 469% $0 $237,659,040 $237,659,040 31-Dec-02 1-Jan-03 478% $0 $242,412,927 $242,412,927 31-Dec-03 1-Jan-04 488% $0 $247,261,893 $247,261,893 31-Dec-04 I-Jan-05 497% $0 $252,207,838 $252,207,838 31-Dec-05 1-Jan-06 507% $0 $257,252,702 $257,252,702 Total $944,555,935 $7,087,059,042 $8,031,614,977 MuniCap, Inc LSTAFFITRXAS/texas/Fart WorthIV a!e Ranch1T1RZ✓Projectiow1F ,11[Y a!e Ranch 77RZ Projection Na 72 Is j&hibit D-12 C 4-Oct-23 'Assumes an annual inflation f for of 2%. 'See Exhibit D-1 2. 'Sae Exhibit D-1 3. EXHIBIT E MAP AND DESCRIPTION OF THE PROPOSED USES OF THE PROPERTY (CURRENT CONCEPT PLAN) I I I I i I I I I I 54 AC. INDUSTRIAL ALEDO IONAO/ I I i IMIED INDUSTRIAL } -USE +/-526AC. �i! + -25 AC. O I gig MIXED -USE r Z �Io +/-167AC. ziz m ai3 INDUSTRIAL FM 1187 oio +/-440AC. _ u lu INDUSTRIAL w Iz +/-13 AC. 1 SINGLE FAMILY MIXED -USE C0" Ile MIXED -USE � i< i / +/-102 AC. +/-22 AC. MIXED -USE / +/-95 AC. < I +/-11 AC. 1~ 1 XED-USE SINGLE FAMILY fff MIXED -USE +/-72 q +/- 40 AC. +/-47 AC. i MIXED -USE 1 1 +/-106 AC. MIXED -USE ' SINGLE FAMILY 1 +/-66 AC. 1 +/-35 ACC (SINGLE FAMILY — i - 1-1 �a USE +/-3737 AC. SINGLE FAMILY i SINGLE FAMILY MIXED +/-17 AC SINGLE FAMILY I +/-84 AC +/-182 AC. +/-175 AC. ' INGLE FAMILY ey ' 1 LL \ SINGLE SINGLE FAMILY I FAMILY r/ SINGLE FAMILY +/-216 AC +/-237 AC. +/-63 AC O�Q � / I SINGLE FAMILY /-42 AC.I M E � 66 AC. MIXED�USE 3 SINGLE FAMILY +/-15!AC• +/-13 AC. I A j SINGLE FAMILY A SINGLE +/-209.5 AC SINGLE FAMILY 3 FAMILY 1 +/-569AC PMB PROJECT +/-58 AC /. - --- - ' BEAR CREEK DRIVE I FTT —!�l, Iw111 SINGLE FAMILY +/-10.6 AC CONCEPT PLAN Vlanning& ® I500 3000` I DRWN BY: AMR ` un6smpe ArtliL ucture 0 I[I CHKD BY: TpM DATE 3/8/2023 .se.... n1M CITY OF FORaT WORTH,tlTARRAN d�ONNw.R�,m MIXED -USE I I NT 0173 NUMBER / +/-14.9AC EXHIBIT F LIST OF PARCELS IN THE ZONE (See Exhibit H) EXHIBIT G-1 PROJECT COSTS ESTIMATED PROJECT COSTS Proposed TIRZ Projects Total Residential Excavation $0 Sanitary Sewer $0 Storm Sewer $59,000,000 Water Distribution System $0 Roadway Improvements (Residential) $0 Roadway Improvements $49,000,000 Retaining Walls $0 Public Landscaping, Trails, and Parks $3,000,000 Private Landscaping/Screening $0 Engineering and City Fes $36,000,000 Financing Costs (including Cost of Issuance) $36,750,000 Other Soft and Miscellaneous Costs (including Contingencies and Economic Development Grants) $55,125,000 Subtotal Residential $238, 875, 000 Master Infrastructure Excavation $0 Sanitary Sewer $23,000,000 Storm Sewer $11,000,000 Water Distribution System $24,000,000 Roadway Improvements $167,000,000 Public Landscaping, Trails, and Parks $50,000,000 Water and Sewer Per Acre $17,000,000 Engineering and City Fes $61,000,000 Financing Costs (including Cost of Issuance) $88,250,000 Other Soft and Miscellaneous Costs (including Contingencies and Economic Development Grants) $132,375,000 Subtotal Master Infrastructure $573, 625, 000 Total Proposed TIRZ Projects costs financed $812,500,000 EXHIBIT G-2 AUTHORIZED IMPROVEMENTS Exhibit D Authorized Improvements 1. The Authorized Improvements shall consist of all items defined as Authorized Improvements under Texas Local Government Code Chapter 372.003, except that the following shall not be Authorized Improvements: (a) Water lines having a diameter of 8" or less located in and serving a for sale or rent single family home, cottage home, and townhome residential subdivisions will not be eligible for reimbursement. Oversizing of lines in and serving residential areas must be approved by the City. (b) Sanitary sewer lines with a diameter of 8" or less located in and serving a for sale or rent single family home, cottage home, and townhome residential subdivisions will not be eligible for reimbursement. Oversizing of lines in and serving residential areas must be approved by the City. (c) Local residential streets, as defined by Fort Worth Master Thoroughfare Plan, will not be an Authorized Improvement. 2. In conjunction with the negotiation of the Master Reimbursement Agreement, the Parties shall provide additional detail as to the Authorized Improvements and the current Budgeted Costs thereof, including a calculation of the maximum cost of the Authorized Improvements to be reimbursed over the Term of this Agreement. The Budgeted Cost of an Authorized Improvement shall be updated through the date the applicable Authorized Improvement is completed. 3. Roads. (a) The Budgeted Costs of a road shall include all costs thereof authorized to be funded under the PID Act, including, but not limited to, the acquisition, construction, improvement, widening, narrowing, closing, and re-routing of streets, roadways, bridges, and arterials and the installation of sidewalks, right-of-way landscaping, lighting, monumentation, masonry screening and wayfinding. (b) If a Developer owns the Property on which a street is to be built, then the value of the road right-of-way to be dedicated to the City shall be an Authorized Improvement, subject to reimbursement from the PID or TIRZ based on the fair market value of such Property at the time of dedication, as determined by an independent appraiser mutually agreed upon by the Developer and City. 4. Water Facilities. (a) The Budgeted Costs of water distribution facilities shall include all costs thereof authorized to be funded under the PID Act, including, but not limited to, the acquisition, construction, and improvement of water and reclaimed water supply lines and related facilities and equipment, including master infrastructure lines 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 RID 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 limited 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. 6. Stormwater Facilities. (a) The Budgeted Costs of stormwater facilities shall include all costs thereof authorized to be funded under the RID 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 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 (Veale Ranch) Base Year Market Value vs Taxable Value 2023 Property ID Acreage Land Use Owner Market Value' Taxable Value''2 3910903 0.8800 ResAg PMB Rolling V South Land LP $3,910,903 $52 4144066 29.2090 ResAg PMB Rolling V South Land LP $300,000 $2,308 4224310 71.4630 ResAg PMB Rolling V South Land LP $630,241 $4,216 4914287 4.9200 ResAg PMB Rolling V South Land LP $83,640 $389 6234097 271.1100 ResAg PMB Rolling V South Land LP $2,027,770 $15,995 6234119 172.3200 ResAg PMB Rolling V South Land LP $1,670,300 $10,167 40518566 4.1400 ResAg TRT Land Investors LLC $74,520 $327 40549852 33.4000 ResAg TRT Land Investors LLC $342,350 $1,971 40549860 1.0000 Single Family TRT Land Investors LLC $713,333 $785,354 41302796 16.0000 ResAg TRT Land Investors LLC $455,285 $214,229 41460901 15.0000 ResAg TRT Land Investors LLC $235,000 $1,185 42231491 2.1900 Residential - Vacant TRT Land Investors LLC $43,800 $43,800 42241225 40.1600 Residential - Vacant PMB Ventana Developer South LLC $411,120 $411,120 42308346 1.5880 ResAg TRT Land Investors LLC $31,760 $125 42308354 4.0930 ResAg TRT Land Investors LLC $77,767 $323 42346213 6.6000 ResAg TRT Land Investors LLC $67,650 $389 42346221 0.8620 ResAg TRT Land Investors LLC $7,834 $51 42346230 3.8400 ResAg TRT Land Investors LLC $76,800 $303 42346248 0.2100 ResAg TRT Land Investors LLC $4,200 $17 42491221 13.5000 ResAg TRT Land Investors LLC $202,050 $1,066 42502339 15.0000 ResAg TRT Land Investors LLC $235,000 $1,185 42721243 111.1970 ResAg PMB Rolling V South Land LP $908,379 $6,561 42721413 23.8500 ResAg PMB Rolling V South Land LP $371,188 $1,407 42721430 24.4200 ResAg PMB Rolling V South Land LP $300,940 $1,929 42724447 81.3700 Residential - Vacant PMB Ventana Developer South LLC $699,590 $699,590 42724455 5.2900 Residential - Vacant PMB Ventana Developer South LLC $105,800 $105,800 42724463 7.7500 Residential - Vacant PMB Ventana Developer South LLC $147,250 $147,250 42782684 1.0640 ResAg TRT Land Investors LLC $9,634 $63 42782692 0.6800 ResAg TRT Land Investors LLC $6,180 $40 42782706 2.6900 ResAg TRT Land Investors LLC $24,448 $159 42782714 12.7000 ResAg TRT Land Investors LLC $115,426 $749 42797321 961.5110 ResAg TRT Land Investors LLC $0 $0 42797339 387.0770 ResAg TRT Land Investors LLC $2,839,539 $22,838 42797347 145.0000 ResAg TRT Land Investors LLC $1,145,000 $11,455 42797517 0.5580 ResAg TRT Land Investors LLC $11,160 $33 42820616 41.3900 ResAg PMB TEAM RANCH DEVCO LLC $619,730 $3,270 42820624 0.1380 ResAg PMB I20 LAND LP $5,520 $11 42820632 13.2670 ResAg PMB TEAM RANCH DEVCO LLC $422,869 $1,048 42820641 19.5860 ResAg PMB I20 LAND LP $467,102 $1,547 42830522 184.9500 ResAg PMB I20 LAND LP $0 $0 42894784 5.1600 Residential - Vacant PMB Ventana Developer South LLC $103,200 $103,200 42894792 11.5000 Residential - Vacant PMB Ventana Developer South LLC $210,500 $210,500 42894806 1.8590 Residential - Vacant PMB Ventana Developer South LLC $37,180 $37,180 42894814 0.6600 Residential - Vacant PMB Ventana Developer South LLC $13,200 $13,200 3861694 4.7780 ResAg PMB I20 LAND LP $0 $0 3861716 18.5800 ResAg TRT Land Investors LLC $260,060 $1,468 3910520 20.5970 ResAg PMB I20 LAND LP $0 $0 3910830 18.8600 ResAg TRT Land Investors LLC $222,717 $1,490 4098382 18.4760 ResAg PMB 120 LAND LP $459,332 $1,460 4098420 0.8470 ResAg TRT Land Investors LLC $16,940 $67 4121376 1.0000 Single Family TRT Land Investors LLC $169,405 $169,405 4197593 25.7050 ResAg PMB Veale Land Investors 1 LP $309,935 $1,517 4224442 481.9200 ResAg TRT Land Investors LLC $3,503,440 $28,433 4299167 40.0000 ResAg TRT Land Investors LLC $363,546 $2,360 4305043 4.2630 ResAg TRT Land Investors LLC $38,745 $252 4305213 158.6080 ResAg PMB Veale Land Investors 1 LP $1,240,256 $9,358 4312694 15.0000 ResAg PMB Veale Land Investors 1 LP $164,500 $1,185 5950260 400.8000 ResAg TRT Land Investors LLC $2,935,600 $31,663 Reinvestment Zone Number Sixteen Fort Worth, Texas (Veale Ranch) Base Year Market Value vs Taxable Value 2023 Taxable Property ID Acreage Land Use Owner Market Value Value1,2 6265081 1.0000 Single Family TRT Land Investors LLC $216,953 $216,953 7652615 4.0000 Single Family TRT Land Investors LLC $1,109,854 $1,109,854 40549879 11.0000 ResAg TRT Land Investors LLC $207,000 $649 42988568 1.0120 Vacant Commercial City of Fort Worth $0 $0 42989475 56.7800 ResAg Wal-Mart Stores East LP $0 $0 42989483 13.8500 ResAg PMB I20 LAND LP $0 $0 42989335 5.9800 ResAg Wal-Mart Stores East LP $0 $0 42989441 37.6300 ResAg Wal-Mart Stores East LP $0 $0 42989467 3.5700 ResAg Wal-Mart Stores East LP $0 $0 42989459 2.6000 ResAg Wal-Mart Stores East LP $0 $0 42989432 57.4300 ResAg Wal-Mart Stores East LP $0 $0 R000043635 67.0000 Not Zoned TRT Land Investors LLC $1,541,000 $2,950 R000050465 178.0000 Not Zoned TRT Land Investors LLC $4,094,000 $7,830 R000059008 126.5400 Not Zoned TRT Land Investors LLC $2,910,420 $5,570 R000063119 178.1750 Not Zoned TRT Land Investors LLC $4,098,030 $7,840 R000063224 109.7000 Not Zoned TRT Land Investors LLC $2,523,100 $4,830 R000063226 1.0000 Not Zoned TRT Land Investors LLC $467,600 $467,600 R000064877 165.0000 Not Zoned TRT Land Investors LLC $3,795,000 $7,260 R000095225 1.0000 Not Zoned TRT Land Investors LLC $302,650 $302,650 R000095227 14.0000 Not Zoned TRT Land Investors LLC $322,000 $620 Total 5192.11 $53,131,152 $59256,331 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 Tarrant County Tax Accessor. Land Use Total Total Total Parcels Type Acres Market Value Taxable Value Various ResAg 4187.74 $29,096,167 $395,975 Various Single Family 7.00 $2,209,545 $2,281,566 Various Residential - Vacant 155.94 $1,771,640 $1,771,640 Various Vacant Commercial 1.01 $0 $0 Various Not Zoned 840.42 $20,053,800 $807,150 Total 5192.11 $53,131,152 $59256,331 Exhibit C 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 12, 2023, the City Council of the City of Fort Worth, Texas adopted City Ordinance No. 2640-09-2023 designating certain real property located 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 of the 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 Iocated in the reinvestment zone, beginning with tax year 2023 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 LOday of .�(-2024. COURTO RNO. `�' Tim O'Hare, County Judge Roy C. Brooks Commissioner, Precinct 1 Vary Fickes Commissioner, Precinct 3 ATTEST: Count C�e Y Alisa Simmons Commissioner, Precinct 2 Manny Ramire Commissione , Precinct 4 CITY COUNCIL AGENDA Create New From This M&C DATE: 8/27/2024 REFERENCE NO.: **M&C 24-0736 LOG NAME CODE: G TYPE: CONSENT PUBLIC HEARING: Official site of the City of Fort Worth, Texas FORT WORTI I 17TIF16COUNTY Nei 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. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. TO Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) Submitted for City Manager's Office by: William Johnson (5806) Originating Department Head: Additional Information Contact: ATTACHMENTS Robert Sturns (2663) Michael Hennig (6024) Cherie Gordon (6053) 240625 Veale TIF 16 Executed Aareement.pdf (CFW Internal) Ord.AmendPFP.JBS.docx (Public) TIF 16 Veale Ranch TIRZ First Amended PFP v5.1.pdf (Public) Veale Ranch Resolution.pdf (Public)