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HomeMy WebLinkAbout6312-05-2026 - City Council - Resolution1 1920.020\1078864.1 A Resolution NO. APPROVING A REIMBURSEMENT AGREEMENT FOR IMPROVEMENT AREA #4 OF THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 (WALSH RANCH/QUAIL VALLEY); AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council of the City of Fort Worth, Texas (the “City Council”), in connection with the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the “District”) desires to approve the Improvement Area #4 Reimbursement Agreement (the “Reimbursement Agreement”), between the City and QUAIL VALLEY DEVCO IVB, LLC ("Devco IVB"), QUAIL VALLEY DEVCO V, LLC and QUAIL VALLEY DEVCO VIA, LLC ("Devco VIA" together with Devco IVB and Devco V, the "Developer"), as successors to Walsh Ranches Limited Partnership, a Texas limited partnership ("WALSH RANCHES") and Quail Valley Devco I, LLC, a Texas limited liability company (collectively, the “Original Developer”), as lead developers for Improvement Area #4 of the District, which sets forth their understanding and agreement related to the construction, acquisition and financing of the public improvements in Improvement Area #4, including the issuance of special assessment revenue bonds in connection with the same; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. The Reimbursement Agreement is hereby authorized and approved in substantially the final form attached hereto as EXHIBIT A and incorporated herein as a part hereof for all purposes and the City Manager of the City is hereby authorized and directed to execute and deliver such agreements with such changes as may be required to carry out the purpose of this Resolution. SECTION 2. This Resolution is effective immediately upon adoption and approval. Adopted this 12 th day of May 2026. ATTEST: By: _________________________________ Jannette Goodall, City Secretary 2 1920.020\1078864.1 EXHIBIT A IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT 1 1920.020\1076646.2 Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #4 Reimbursement Agreement This Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #4 Reimbursement Agreement (this "Improvement Area #4 Reimbursement Agreement") is entered into by QUAIL VALLEY DEVCO IVB, LLC ("Devco IVB"), QUAIL VALLEY DEVCO V, LLC ("Devco V"), and QUAIL VALLEY DEVCO VIA, LLC ("Devco VIA", and, together with Devco IVB and Devco V, collectively referred to as the "Developer"), as successors to Walsh Ranches Limited Partnership, a Texas limited partnership ("Walsh Ranches") and Quail Valley Devco I, LLC, a Texas limited liability company ("Devco I" and together with Walsh Ranches, the "Original Developer"), and the CITY OF FORT WORTH, TEXAS (the "City"), to be effective May 12, 2026 (the "Effective Date"). The Developer and the City are sometimes individually referred to as a "Party" and collectively as the "Parties." SECTION 1. RECITALS 1.1 WHEREAS, capitalized terms used in this Improvement Area #4 Reimbursement Agreement shall have the meanings given to them in Section 2, unless otherwise defined herein or unless the context in which a term is used clearly requires a different meaning; and 1.2 WHEREAS, all resolutions, ordinances, agreements, documents, and instruments referenced in this Improvement Area #4 Reimbursement Agreement are incorporated as part of this Improvement Area #4 Reimbursement Agreement; and 1.3 WHEREAS, Devco IVB is a Texas limited liability company; and 1.4 WHEREAS, Devco V is a Texas limited liability company; and 1.5 WHEREAS, Devco VIA is a Texas limited liability company; and 1.6 WHEREAS, the City is a Texas home-rule municipality; and 1.7 WHEREAS, the City Council is authorized by Chapter 372, Texas Local Government Code, as amended (the "PID Act"), to create public improvement districts within the City's corporate limits and extraterritorial jurisdiction; and 1.8 WHEREAS, the PID Act authorizes the City to create a public improvement district to undertake public improvement projects that confer a special benefit on the property within the district and to pay for such public improvement projects by levying assessments against benefited property within the district; and 1.9 WHEREAS, the Original Developer filed with the municipal secretary of the City (the "City Secretary") a petition (the "Petition") requesting the creation of a public improvement district covering the Property; and 2 1920.020\1076646.2 1.10 WHEREAS, the Petition satisfied the requirements of the PID Act; and 1.11 WHEREAS, on August 30, 2016, the City Council approved Resolution No. 4671-08- 2016: (1) accepting the Petition; (2) calling a public hearing for September 20, 2016 (the "Public Hearing") to take public testimony on the feasibility and advisability of creating Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the "District") and the feasibility and advisability of the public improvement projects proposed by the Petition; and (3) authorizing and directing notices of the Public Hearing be mailed and published as required by the PID Act; and 1.12 WHEREAS, City staff caused notice of the Public Hearing to be mailed before the 15th day before the date of the Public Hearing as required by the PID Act; and 1.13 WHEREAS, City staff caused notice of the Public Hearing to be published in a newspaper of general circulation before the 15th day before the date of the Public Hearing as required by the PID Act; and 1.14 WHEREAS, after publishing, mailing, and otherwise providing all notices required by the PID Act and state law, the City Council conducted the Public Hearing on the date and at the location and time specified in such notices, at which Public Hearing the City Council took public testimony on the feasibility and advisability of creating the District and the feasibility and advisability of undertaking the public improvement projects proposed by the Petition; and 1.15 WHEREAS, on September 27, 2016, the City Council approved Resolution No. 4686-09- 2016 authorizing the creation of the District covering the Property; and 1.16 WHEREAS, notice of Resolution No. 4686-09-2016 was published in a newspaper of general circulation as required by the PID Act, whereupon the District authorization became effective; and 1.17 WHEREAS, Resolution No. 4686-09-2016 was filed (1) November 29, 2016, as Instrument No. 201627203, in the real property records of Parker County, Texas and (2) December 6, 2016, as Instrument No. D216284552, in the real property records of Tarrant County, Texas; and 1.18 WHEREAS, the Property is to be developed in phases; and 1.19 WHEREAS, a Master Reimbursement Agreement by and among the City, Walsh Ranches and Devco I, an affiliate of the Developer, was executed relating to the financing of certain Authorized Improvements in each phase of the District for the special benefit of Assessed Property within that phase; and 1.20 WHEREAS, the Fort Worth City Council adopted Ordinance No. 22707-05-2017 on May 2, 2017, approving the Original SAP, allocating and levying assessments on the Lots in Improvement Area #1, and ordaining related matters, and such ordinance was recorded on July 12, 2017 in the real property records of Tarrant County, Texas as Document No. D217158056 and on 3 1920.020\1076646.2 July 19, 2017 in the real property records of Parker County, Texas as Document No. 201717529; and 1.21 WHEREAS, in connection with the development of Improvement Area #1 of the District, that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #1 Reimbursement Agreement was executed by the City and the Original Developer to be effective as of May 2, 2017, as approved by Resolution 4777-05-2017; and 1.22 WHEREAS, the Fort Worth City Council adopted Ordinance No. 24386-09-2020 on September 1, 2020, approving the 2020 SAP Update for Improvement Area #2, allocating and levying assessments on the Lots in Improvement Area #2, and ordaining related matters, and such ordinance was recorded on October 2, 2020 in the real property records of Tarrant County, Texas as Document No. D220252700 and in the real property records of Parker as Document 202031777; and 1.23 WHEREAS, in connection with the development of Improvement Area #2 of the District, that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #2 Reimbursement Agreement was executed by the City, Walsh Ranches and Quail Valley Devco II, LLC, a Texas limited liability company ("Devco II") to be effective September 1, 2020, as approved by Fort Worth Mayor and Council Communication 20-0639; and 1.24 WHEREAS, the Fort Worth City Council adopted Ordinance No. 25775-09-2022 on August 27, 2022, approving the 2022 SAP Update for Improvement Area #3, allocating and levying assessments on the Lots in Improvement Area #3, and ordaining related matters, and such ordinance was recorded on May 10, 2023 in the real property records of Tarrant County, Texas as Document No. D223080738 and in the real property records of Parker as Document 20231200; and 1.25 WHEREAS, in connection with the development of Improvement Area #3 of the District, that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #3 Reimbursement Agreement was executed by the City, Quail Valley Devco III, LLC, a Texas limited liability company ("Devco III") and Quail Valley Devco VLO, LLC, a Texas limited liability company ("Devco VLO") to be effective June 18, 2023 as approved by Fort Worth Mayor and Council Communication 23-0381; and 1.26 WHEREAS, Original Developer has assigned all of its rights under the Master Reimbursement Agreement with respect to Improvement Area #4 to Developer (the "Transfer"); and 1.27 WHEREAS, pursuant to Section 13.A of the Master Reimbursement Agreement, a copy of the notice of the Transfer (the "Notice"), along with a copy of the instrument evidencing the assignment attached to such Notice, has been received by the City and is attached hereto as Schedule I to this Improvement Area #4 Reimbursement Agreement; and 4 1920.020\1076646.2 1.28 WHEREAS, development of Improvement Area #4 requires construction of Authorized Improvements within Improvement Area #4, including the Improvement Area #4 Funded Improvements, which the Developer has begun constructing; and 1.29 WHEREAS, the Actual Costs of the Authorized Improvements that could be assessed against Lots within Improvement Area #4 based on the special benefit conferred on the Lots by the Authorized Improvements benefitting Improvement Area #4 is $62,487,848, as shown on Table III-D in the 2026 SAP Update; and 1.30 WHEREAS, the PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements that were assessed against Lots within Improvement Area #4 based on the special benefit conferred on the Lots by the Improvement Area #4 Funded Improvements is $24,190,000, which amount is shown in Table III-D in the 2026 SAP Update (the "Total Improvement Area #4 Assessment Amount"); and 1.31 WHEREAS, the methodology by which the Total Improvement Area #4 Assessment Amount is apportioned, and the apportionment of the Total Improvement Area #4 Assessment Amount to each Lot Type and Lot within Improvement Area #4 is set forth in the 2026 SAP Update; and 1.32 WHEREAS, the apportionment of the Total Improvement Area #4 Assessment Amount to each Lot within Improvement Area #4 is shown on the Improvement Area #4 Assessment Roll; and 1.33 WHEREAS, the City Council passed and approved Ordinance No. ____________ on May 12, 2026 (the "Improvement Area #4 Assessment Ordinance") and recorded on _____________, 2026 in the real property records of Tarrant County, Texas as Document No. _____________ and in the real property records of Parker County, Texas as Document No. _____________; and 1.34 WHEREAS, the Improvement Area #4 Assessment Ordinance: (1) approved the 2026 SAP Update; and (2) levied the Improvement Area #4 Assessments against each Lot within Improvement Area #4 in accordance with the Improvement Area #4 Assessment Roll; and 1.35 WHEREAS, the Improvement Area #4 Assessment Ordinance provides that an Improvement Area #4 Assessment levied against a Lot may be paid in full at any time in accordance with the PID Act; however, if not paid in full, the owner of the Lot shall not be in Default but shall be deemed to have elected to pay the Improvement Area #4 Assessment in Annual Installments in accordance with the 2026 SAP Update and this Improvement Area #4 Reimbursement Agreement; and 1.36 WHEREAS, Annual Installments of the Improvement Area #4 Assessments shall be billed and collected by or on behalf of the City in accordance with the Improvement Area #4 Assessment 5 1920.020\1076646.2 Ordinance, the 2026 SAP Update, and this Improvement Area #4 Reimbursement Agreement and as authorized by the PID Act; and 1.37 WHEREAS, all Assessment Revenue from the collection of the Improvement Area #4 Assessments shall be deposited into the Improvement Area #4 Account of the District Fund; and 1.38 WHEREAS, the Assessment Revenue from the collection of the Improvement Area #4 Assessments on deposit in the Improvement Area #4 Account of the District Fund shall only be used to pay the Improvement Area #4 Reimbursement Balance or to pay debt service on PID Bonds secured by Improvement Area #4 Assessments, if issued ("Improvement Area #4 PID Bonds"); and 1.39 WHEREAS, on May 12, 2026, the Fort Worth City Council approved and authorized the execution of this Improvement Area #4 Reimbursement Agreement via adoption of Fort Worth Mayor and Council Communication No. ____________; and 1.40 WHEREAS, this Improvement Area #4 Reimbursement Agreement is a "reimbursement agreement" authorized by Section 372.023(d)(1) of the PID Act; and 1.41 WHEREAS, the foregoing RECITALS: (1) are part of this Improvement Area #4 Reimbursement Agreement for all purposes; (2) are true and correct; and (3) constitute representations, warranties, and covenants that each Party has relied upon in entering into this Improvement Area #4 Reimbursement Agreement. NOW THEREFORE, for and in consideration of the mutual obligations of the Parties set forth in this Improvement Area #4 Reimbursement Agreement, the Parties agree as follows: SECTION 2. DEFINITIONS 2.1 "2026 SAP Update" means the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Service and Assessment Plan dated May 2, 2017, as updated for Improvement Area #2 on September 1, 2020, as further updated for Improvement Area #3 on September 27, 2022, as further updated for Improvement Area #1-3 Bonds on July 11, 2024, and further updated for Improvement Area #4 on May 12, 2026, approved by the Improvement Area #4 Assessment Ordinance including updates, modifications, and amendments approved by the City Council from time to time in accordance with the SAP and the PID Act. 2.2 "Actual Costs" are defined in the SAP. 2.3 "Administrative Expenses" are defined in the SAP. 2.4 "Administrator" is defined in the SAP. 6 1920.020\1076646.2 2.5 "Annual Installment" is defined in the SAP. As used herein, the term Annual Installment is comprised of two components: (a) Administrative Expenses, and (b) Assessment Revenues. 2.6 "Assessment" is defined in the SAP and includes the Improvement Area #1 Assessments, the Improvement Area #2 Assessments, the Improvement Area #3 Assessments and the Improvement Area #4 Assessments. 2.7 "Assessment Revenue" means: (1) revenue collected from the payment of Assessments (including pre-payments and amounts received from the foreclosure of liens but excluding costs and expenses of collection); and (2) revenue collected from the payment of the Annual Installments (excluding Administrative Expenses) of the Assessments. 2.8 "Authorized Improvements" means the public improvement projects authorized by the PID Act and to be constructed in the District that confer a special benefit on Property within the District, including, but not limited to, the Improvement Area #4 Funded Improvements. 2.9 "Chief Financial Officer" the Chief Financial Officer of the City of Fort Worth, also known as the Director of Financial Management Services. 2.10 "City" is defined in the Preamble. 2.11 "City Council" means the governing body of the City of Fort Worth, Texas. 2.12 "City Engineer" means the person designated in writing as the "City Engineer" for purposes of this Improvement Area #4 Reimbursement Agreement by the City Manager of the City. 2.13 "City Secretary" is defined in Section 1.9. 2.14 "Default" is defined in Section 3.12. 2.15 "Devco I" is defined in the Preamble. 2.16 "Devco IVB" is defined in the Preamble. 2.17 "Devco V" is defined in the Preamble. 2.18 "Devco VIA" is defined in the Preamble. 2.19 "Developer" is defined in the Preamble. 2.20 "Developer's Continuing Disclosure Agreement" means a continuing disclosure agreement of the Developer in connection with the issuance of PID Bonds secured by the Improvement Area #4 Assessments, if any, in satisfaction of the requirements of Rule 15c2-12, promulgated by the United States Securities and Exchange Commission. 7 1920.020\1076646.2 2.21 "District" is defined in Section 1.11. 2.22 "District Fund" means a fund created by the City for the sole benefit of the District that is segregated from all other funds of the City and containing the Improvement Area #4 Account into which the City shall deposit Assessment Revenue from the collection of the Improvement Area #4 Assessments pursuant to Section 3.2 and from which the City will pay the Improvement Area #4 Reimbursement Balance pursuant to Section 3.3.2. 2.23 "Effective Date" is defined in the Preamble. 2.24 "Failure" is defined in Section 3.12. 2.25 "Improvement Area #1" is defined in the SAP. 2.26 "Improvement Area #1 Assessments" is defined in the SAP. 2.27 "Improvement Area #2" is defined in the SAP. 2.28 "Improvement Area #2 Assessments" is defined in the SAP. 2.29 "Improvement Area #3" is defined in the SAP. 2.30 "Improvement Area #3 Assessments" is defined in the SAP. 2.31 "Improvement Area #4" is defined in the SAP. 2.32 "Improvement Area #4 Account" means the account in the District Fund into which the Assessment Revenue from the collection of the Improvement Area #4 Assessments shall be deposited. 2.33 "Improvement Area #4 Assessment Ordinance" is defined in Section 1.33. 2.34 "Improvement Area #4 Assessment Roll" means the assessment roll attached as [Appendix A-3] to the 2026 SAP Update that identifies the Assessments against each Lot within Improvement Area #4, as the same may be updated from time to time. 2.35 "Improvement Area #4 Assessments" is defined in the SAP. 2.36 "Improvement Area #4 Funded Improvements" is defined in the SAP. 2.37 "Improvement Area #4 Indenture" means the Indenture relating to the Improvement Area #4 PID Bonds. 2.38 "Improvement Area #4 PID Bonds" is defined in Section 1.38. 2.39 "Improvement Area #4 Reimbursement Agreement" is defined in the preamble. 2.40 "Improvement Area #4 Reimbursement Agreement Transfer" is defined in Section 3.9. 8 1920.020\1076646.2 2.41 "Improvement Area #4 Reimbursement Agreement Transferee" is defined in Section 3.9. 2.42 "Improvement Area #4 Reimbursement Amount" is defined in Section 3.3.1. 2.43 "Improvement Area #4 Reimbursement Balance" is defined in Section 3.3.1. 2.44 "Improvement Area #5" means the Future Improvement Area (as defined in the SAP) of the District that is the fourth improvement area of the District. 2.45 "Improvements Completion Date" means the date on which the City Engineer certifies in writing that the Authorized Improvements for Improvement Area #4 have been constructed in substantial compliance with the approved plans and specifications for such improvements and are ready to be accepted by the City. 2.46 "Indenture" is defined in the SAP. 2.47 "Lot" is defined in the SAP. 2.48 "Lot Type" is defined in the SAP. 2.49 "Master Reimbursement Agreement" means that certain Master Reimbursement Agreement entered into by and between the City and Devco I, effective as of July 17, 2017, as assigned pursuant to the Transfer, pursuant to which the timing of certain obligations of the City and the Developer with respect to the District is established, including the proposed levy of assessments for Future Improvement Areas (as defined in the SAP) and the issuance of PID Bonds, if any. 2.50 "Maturity Date" is defined in Section 3.3.1. 2.51 2.51 "Net Proceeds" means the proceeds generated from the issuance and sale of PID Bonds minus costs of issuance and reserve fund deposits and capitalized interest, if any, required by the applicable Indenture related to such PID Bonds. 2.52 "Notice" is defined in Section 1.27. 2.53 "Original Developer" is defined in the Preamble. 2.54 "Original SAP" means the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Service and Assessment Plan dated May 2, 2017, approved by Ordinance No. 22707-05-2017 adopted by the City Council on May 2, 2017. 2.55 "Party" or "Parties" are defined in the Preamble. 2.56 "Petition" is defined in Section 1.9. 2.57 "PID" means Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley). 2.58 "PID Act" is defined in Section 1.7. 9 1920.020\1076646.2 2.59 "PID Bonds" are defined in the SAP and include the Improvement Area #4 PID Bonds, if issued. 2.60 "PID-Funded Actual Costs" are defined in the SAP. 2.61 "Prepayments" means the payment of all or a portion of an Assessment before the due date thereof. 2.62 "Property" means the approximately 1,704 acres within the corporate limits and extraterritorial jurisdiction of the City as described in the Petition and the SAP. 2.63 "SAP" means the Original SAP as updated by the 2020 SAP Update, the 2022 SAP Update, the 2024 SAP Update, and the 2026 SAP Update, including updates, modifications, and amendments approved by the City Council from time to time in accordance with the SAP and the PID Act. 2.64 "Total Improvement Area #4 Assessment Amount" is defined in Section 1.30. 2.65 "Transfer" is defined in Section 1.26. 2.66 "Walsh Ranches" is defined in the preamble. SECTION 3. ADDITIONAL PROVISIONS 3.1 Construction of Improvement Area #4 Funded Improvements. The Developer, at its cost and expense, has constructed, or will cause to be constructed, all of the Authorized Improvements, including the Improvement Area #4 Funded Improvements. The Authorized Improvements shall be constructed in accordance with all applicable laws, ordinances, rules, and regulations of the State of Texas, the City, and any other political subdivision or governmental agency that has jurisdiction over the construction of the Authorized Improvements; provided, however, contracts for the construction of such Authorized Improvements shall be exempt from competitive bidding requirements pursuant to Section 252.022(a)(9), Texas Local Government Code, as amended. The Developer shall prepare, bid, award, and manage all contracts for the construction of the Authorized Improvements. Further, for Authorized Improvements that have yet to be fully constructed and accepted by the City, the Developer will provide: (1) copies of all contracts entered into as of the Effective Date within thirty (30) days of the Effective Date; and (2) copies of all contracts to be entered into after the Effective Date within ten (10) business days of such contract being entered into, but in no event later than thirty (30) days after the date on which such contracts were awarded and has provided, or shall provide, to the City Engineer, the City's PID Administrator and the Chief Financial Officer copies of all contracts. All plans and specifications for the Authorized Improvements must be approved by the City Engineer, and all construction shall be inspected by or on behalf of the City for compliance with the approved plans and specifications. The Developer shall maintain books and records evidencing the Actual Costs, including the PID-Funded Actual Costs, paid, or incurred by the Developer in the construction of the Authorized Improvements, including the Improvement Area #4 Funded Improvements, copies 10 1920.020\1076646.2 of which books and records shall be provided to the City Engineer, the City's PID Administrator and the Chief Financial Officer. When construction of the Authorized Improvements is complete, and when the completed Authorized Improvements have been inspected by the City Engineer and determined to be in substantial compliance with the approved plans and specifications, the City Engineer. shall certify such compliance in writing, including the Actual Costs of the completed Authorized Improvements, and the Developer shall dedicate (and the City shall accept) the Authorized Improvements, lien free, in accordance with standard City policies applicable to such improvements, including maintenance bonds and assignments of warranties, if any. 3.2 District Fund. Until Improvement Area #4 PID Bonds are issued, the City shall bill, collect, and deposit into the Improvement Area #4 Account of the District Fund all Assessment Revenue from the collection of the Improvement Area #4 Assessments. Annual Installments of the Improvement Area #4 Assessments shall be billed and collected by the City (or by any other person, entity, or governmental agency permitted by law) in the same manner and at the same time as City ad-valorem taxes are billed and collected. Collection of Annual Installments of the Improvement Area #4 Assessments shall be deferred pursuant to Section 372.017 of the PID Act until the first date on which such Annual Installments of the Improvement Area #4 Assessments can be collected in the manner and at the time described above. Collection of the Annual Installments of the Improvement Area #4 Assessments is anticipated to commence by October 1, 2026, with such Annual Installments being delinquent if not paid on or before January 31, 2027. In the event collection does not commence by such time, the parties shall negotiate in good faith to update the terms of Section 3.3 below accordingly. For the avoidance of doubt, Assessment Revenue from the collection of Assessments for each improvement area, including Annual Installments thereof, deposited into the District Fund will only be used to pay the reimbursement balance for that improvement area or as directed in the indenture entered into in connection with the issuance of the PID Bonds for that improvement area, if issued, in accordance with the improvement-area-specific reimbursement agreement. Assessment Revenue from the collection of Improvement Area #4 Assessments, including Annual Installments thereof, deposited into the District Fund will only be used to pay the Improvement Area #4 Reimbursement Balance or as directed in the Improvement Area #4 Indenture entered into in connection with the issuance of the Improvement Area #4 PID Bonds, if issued. After issuance, and for so long as Improvement Area #4 PID Bonds are outstanding under the terms of the Improvement Area #4 Indenture, Assessment Revenue shall be deposited, and payments therefrom shall be applied in accordance with the provisions of the Improvement Area #4 Indenture. Once Improvement Area #4 PID Bonds are issued, the Improvement Area #4 Indenture shall control in the event of any conflicts with this Improvement Area #4 Reimbursement Agreement. For the avoidance of doubt, (1) while any Improvement Area #4 PID Bonds are outstanding under the terms of the Improvement Area #4 Indenture, the right of the Developer to receive payment of the Reimbursement Balance shall be subordinate to the deposits required under the Improvement Area #4 Indenture related to the Improvement Area #4 PID Bonds, and (2) in no event will Developer be entitled to payment of the Improvement Area #4 Reimbursement Balance from Administrative Expenses. 11 1920.020\1076646.2 3.3 Payment of Improvement Area #4 Reimbursement Balance. 3.3.1 Subject to the terms and conditions herein, including Section 3.2 above, the City agrees to pay to the Developer from Assessment Revenues collected from the Improvement Area #4 Assessments and deposited to the Improvement Area #4 Account of the District Fund, commencing March 15, 2027, and continuing until September 15, 2056 (the "Maturity Date") the principal amount equal to TWENTY-FOUR MILLION AND ONE-HUNDRED NINETY THOUSEAND AND NO/100THS DOLLARS ($24,190,000.00) (the "Improvement Area #4 Reimbursement Amount"). The Improvement Area #4 Reimbursement Amount shall bear simple interest per annum on the unpaid balance at the rate of SIX AND SIXTY/100THS PERCENT (6.60%) for years one (1) through thirty (30) or until Improvement Area #4 PID Bonds are issued. The interest rates have been determined by the City Council in accordance with Section 372.023(e) of the PID Act based on the Bond Buyer Revenue Bond Index published in The Bond Buyer, a daily publication that publishes this interest rate index (and on the date of the determination by the City Council which is the date on which the IA #4 Assessment Ordinance was approved, the average index rate was not less than 6.60%). If any portion of the Improvement Area #4 Reimbursement Amount remains unpaid after the City has elected to issue Improvement Area #4 PID Bonds, the interest rate on the unpaid Improvement Area #4 Reimbursement Amount shall be the same as the interest rate on the Improvement Area #4 PID Bonds; provided, however, that such rate shall not exceed SIX AND SIXTY/100THS PERCENT (6.60%). The Improvement Area #4 Reimbursement Amount shall be reduced by the difference, if any, determined by subtracting the Actual Costs of the Authorized Improvements within Improvement Area #4 from $62,487,848. The Improvement Area #4 Reimbursement Amount together with interest payable as described above is referred to as the "Improvement Area #4 Reimbursement Balance". 3.3.2 The Improvement Area #4 Reimbursement Balance is payable solely from: (1) quarterly payments by the City to the Developer made each March 15, June 15, September 15, and December 15 beginning March 15, 2027, from the Assessment Revenue from the collection of Improvement Area #4 Assessments, including Annual Installments thereof, deposited into the Improvement Area #4 Account of the District Fund beginning on March 15, 2027, and continuing each calendar quarter thereafter until the earlier of the Maturity Date or the date on which the Improvement Area #4 Reimbursement Balance is paid in full, (2) the Net Proceeds of the Improvement Area #4 PID Bonds issued by the City and secured by the Improvement Area #4 Assessments; or (3) a combination of items (1) and (2). The Improvement Area #4 Reimbursement Balance shall be further reduced by the costs of issuance associated with the issuance of Improvement Area #4 PID 12 1920.020\1076646.2 Bonds, including any underwriter's discount, in addition to any reserve fund deposits and capitalized interest, if any, required by the Improvement Area #4 Indenture, notwithstanding that such funds shall not actually be paid to the Developer. Each quarterly payment to the Developer from the District Fund shall be accompanied by an accounting from the City's Chief Financial Officer or the City's PID Administrator that certifies the Improvement Area #4 Reimbursement Balance as of the date of the payment and that itemizes all deposits to and disbursements from the District Fund since the last quarterly payment. If there is a dispute over the amount of any quarterly payment, the City shall nevertheless pay the undisputed amount, and the Parties shall use all reasonable efforts to resolve the disputed amount before the next quarterly payment is due; however, if the Parties are unable to resolve the disputed amount, the determination certified by the City's Chief Financial Officer of the disputed amount shall control. 3.3.3 Beginning in the year in which the Improvement Area #4 PID Bonds are to be paid in full, the City will amortize the outstanding Improvement Area #4 Reimbursement Balance in a manner that is determined by the City's Chief Financial Officer to provide the most expedient payoff of the outstanding Improvement Area #4 Reimbursement Balance while seeking to maintain level reimbursement payments and taking into account Administrative Expenses associated with the Improvement Area #4 Assessments. 3.4 PID Bonds. 3.4.1 The Parties acknowledge and agree that the District was created with the expectation that the Parties would enter into the Master Reimbursement Agreement and improvement-area-specific reimbursement agreements and that the City would issue PID Bonds in satisfaction of the each improvement-area-specific reimbursement balance in accordance with provisions set forth in each improvement-area-specific reimbursement agreement, with the provisions for this Area #4 Reimbursement Agreement set forth in Section 3.4.2 below. For the avoidance of doubt, bonds for each improvement area, if issued, shall be secured by, and paid solely from the assessments for that improvement area in accordance with the improvement-area-specific reimbursement agreement and indenture. While any Improvement Area #4 PID Bonds are outstanding, subject to the terms of the Improvement Area #4 Indenture, the Developer shall only be entitled to annual payments from the Assessment Revenues collected from the Improvement Area #4 Assessments to the extent any such Assessment Revenues remain available after subtracting any amounts required to be paid, deposited or transferred under the Improvement Area #4 Indenture, including debt service payments on the Improvement Area #4 PID Bonds, and amounts required to be deposited into any reserve fund. If the Improvement Area #4 PID Bonds are paid 13 1920.020\1076646.2 in full prior to the Maturity Date, the City shall thereafter continue to make payments to the Developer from the Assessment Revenue generated from the collection Improvement Area #4 Assessments, including Annual Installments thereof, deposited into the Improvement Area #4 Account of the District Fund until the earlier of the Maturity Date or the date on which the Improvement Area #4 Reimbursement Balance is paid in full. The parties acknowledge that approval of the issuance of any Improvement Area #4 Bonds by the City Council is a governmental function within the City's sole discretion and is subject to prevailing state and federal law at the time of the proposed issuance. The inability or failure of the City to issue Improvement Area #4 Bonds shall not constitute a Failure by the City or otherwise result in a Default by the City under this Improvement Area #4 Reimbursement Agreement. 3.4.2 Improvement Area #4 PID Bonds will not be issued until a final plat has been recorded for Improvement Area #5. If no final plat has been recorded with respect to Improvement Area #5 within five (5) years of the date IA #4 Assessment Ordinance, then no Improvement Area #4 PID Bonds will be issued, and the payment of the Improvement Area #4 Reimbursement Balance will be limited to quarterly payments by the City to the Developer from the Assessment Revenues generated from the collection Improvement Area #4 Assessments, including Annual Installments thereof, deposited into the District Fund. 3.4.3 Any Prepayments of Improvement Area #4 Assessments while any Improvement Area #4 PID Bonds are outstanding shall be applied pursuant to the term of the Improvement Area #4 Indenture. 3.4.4 The Improvement Area #4 PID Bonds shall have a maximum maturity date of 20 years. 3.5 Unpaid Improvement Area #4 Reimbursement Balance. If any portion of the Improvement Area #4 Reimbursement Balance remains unpaid on the Maturity Date, such portion of the Improvement Area #4 Reimbursement Balance shall be canceled and for all purposes this Improvement Area #4 Reimbursement Agreement shall be deemed to have been conclusively and irrevocably PAID IN FULL, and such portion of the Improvement Area #4 Reimbursement Balance shall no longer be deemed to be payable. The Developer shall not be relieved of its duty to construct or cause to be constructed the Authorized Improvements for the benefit of the Property within Improvement Area #4 even if there are insufficient funds payable under this Improvement Area #4 Reimbursement Agreement to pay the PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements. 3.6 Payment of Certain Assessments. The Developer agrees to pay in full the amount of any Improvement Area #4 Assessments on each Lot that has closed with a homebuyer on or before the date on which the Improvement Area #4 Assessment Ordinance is adopted. 14 1920.020\1076646.2 3.7 City Obligations; Limitations. 3.7.1 The Improvement Area #4 Reimbursement Balance is payable to the Developer and secured under this Improvement Area #4 Reimbursement Agreement solely as described above. NO OTHER CITY FUNDS, REVENUE, TAXES, INCOME OR PROPERTY MAY BE PLEDGED TO THE PAYMENT OF ANY AMOUNTS UNDER THIS IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT OR SHALL BE USED EVEN IF THE IMPROVEMENT AREA #4 REIMBURSEMENT BALANCE IS NOT PAID IN FULL AT MATURITY. NOTWITHSTANDING ITS COLLECTION EFFORTS, IF THE CITY FAILS TO RECEIVE ALL OR ANY PART OF THE ASSESSMENT REVENUES COLLECTED FROM THE IMPROVEMENT AREA #4 ASSESSMENTS AND, AS A RESULT, IS UNABLE TO MAKE ANY PAYMENT DESCRIBED HEREIN, SUCH FAILURE SHALL NOT CONSTITUTE A FAILURE OR DEFAULT BY THE CITY UNDER THIS IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT. THIS IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT AND ANY IMPROVEMENT AREA #4 PID BONDS ISSUED IN CONNECTION HEREWITH SHALL NOT AND SHALL NEVER GIVE RISE TO OR CREATE: (1) A CHARGE AGAINST THE GENERAL CREDIT OR TAXING POWERS OF THE CITY OR ANY OTHER TAXING UNIT; (2) A DEBT OR OTHER OBLIGATION OF THE CITY PAYABLE FROM ANY SOURCE OF REVENUE, TAXES, INCOME OR PROPERTIES OF THE CITY OTHER THAN FROM (A) ASSESSMENT REVENUE COLLECTED FROM THE IMPROVEMENT AREA #4 ASSESSMENT REVENUES PURSUANT TO THIS IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT, OR (B) THE NET PROCEEDS OF ANY IMPROVEMENT AREA #4 BONDS PAYABLE FROM SUCH ASSESSMENT REVENUE PURSUANT TO THE IMPROVEMENT AREA #4 INDENTURE; (3) ANY OBLIGATION OF THE CITY TO ISSUE PID BONDS OR OTHER OBLIGATIONS; OR (4) ANY OBLIGATION OF THE CITY TO PAY ANY AMOUNT DUE OR TO BECOME DUE UNDER THIS REIMBURSEMENT AGREEMENT OTHER THAN FROM (A) ASSESSMENT REVENUE COLLECTED FROM THE IMPROVEMENT AREA #4 ASSESSMENTS PURSUANT TO THIS IMPROVEMENT AREA #4 REIMBURSEMENT AGREEMENT, OR (B) THE NET PROCEEDS OF ANY IMPROVEMENT AREA #4 BONDS PAYABLE FROM SUCH ASSESSMENT REVENUE PURSUANT TO THE IMPROVEMENT AREA #4 INDENTURE. 3.7.2 None of the City or any of its elected or appointed officials or any of its officers, employees, consultants, or representatives shall incur any liability hereunder to the Developer or any other party in their individual capacities by reason of this Improvement Area #4 Reimbursement Agreement or their acts or omissions under this Improvement Area #4 Reimbursement Agreement. 3.7.3 Until Improvement Area #4 PID Bonds are issued, the obligation of the City to deposit Assessment Revenue from the collection of Improvement Area #4 Assessments, including 15 1920.020\1076646.2 Annual Installments thereof, into the Improvement Area #4 Account of the District Fund is subject only to the condition that the Improvements Completion Date has occurred. Upon the issuance of Improvement Area #4 PID Bonds, the City shall deposit Assessment Revenue as required by the Improvement Area #4 Indenture. 3.7.4 Notwithstanding Section 3.7.3 above, the obligation of the City to make payments to the Developer under this Improvement Area #4 Reimbursement Agreement is subject to Section 3.7.1 above and is conditioned upon: (1) the Improvements Completion Date having occurred; (2) the City Engineer having certified that the Total Improvement Area #4 Assessment Amount does not exceed eighty percent (80%) of the Actual Costs of the Authorized Improvements within Improvement Area #4; and (3) the Developer being in compliance with its obligations under any Developer's Continuing Disclosure Agreement, if any, entered into in connection with the issuance of Improvement Area #4 PID Bonds. From and after the satisfaction of each of the foregoing conditions: (1) the obligations of the City under this Improvement Area #4 Reimbursement Agreement to make payments to the Developer shall be unconditional, and shall continue until the Maturity Date or until the Improvement Area #4 Reimbursement Balance has been paid in full, whichever is earlier; and (2) there shall be no conditions, defenses, or rights of offset to the obligations of the City: (i) to make payments to the Developer from the Improvement Area #4 Account of the District Fund in accordance with this Improvement Area #4 Reimbursement Agreement; (ii) if Improvement Area #4 PID Bonds are issued, to use the Net Proceeds thereof to pay all or a portion of the Improvement Area #4 Reimbursement Balance and thereafter to use Assessment Revenue from the collection of Improvement Area #4 Assessments, including Annual Installments thereof, to pay debt service on the Improvement Area #4 PID Bonds in accordance with this Improvement Area #4 Reimbursement Agreement and the Improvement Area #4 Indenture; and (iii), subject to Section 3.3.3, if Improvement Area #4 PID Bonds have been issued and paid in full prior to the Maturity Date, to resume making payments to the Developer from the Improvement Area #4 Account of the District Fund until the Maturity Date or until the Improvement Area #4 Reimbursement Balance is paid in full, whichever is earlier. 3.8 Term. The term of this Improvement Area #4 Reimbursement Agreement shall begin on the Effective Date and shall continue until the earlier to occur of the Maturity Date or the date on which the Improvement Area #4 Reimbursement Balance is paid in full. 3.9 Transfers. Devco IVB, Devco V and Devco VIA each has the right to assign, convey, transfer, mortgage, pledge, or otherwise encumber, in whole or in part without the consent of (but with notice to) the City, their respective obligations, rights, title, or interest under this Improvement Area #4 Reimbursement Agreement to any person or entity, including, but not limited to, their respective rights, title, or interest in and to payments of the Reimbursement Balance, whether such payments are made quarterly from the District Fund or from the Net Proceeds of Improvement Area #4 PID Bonds (any of the foregoing, an "Improvement Area #4 Reimbursement Agreement Transfer," and the person or entity to whom the Improvement Area #4 Reimbursement Agreement 16 1920.020\1076646.2 Transfer is made, a "Improvement Area #4 Reimbursement Agreement Transferee"); provided, however, that no such conveyance, transfer, assignment, mortgage, pledge, or other encumbrance shall be made without prior written consent of the City if such conveyance, transfer, assignment, mortgage, pledge, or other encumbrance would result in (1) the issuance of municipal securities, and/or (2) the City being viewed as an "obligated person" within the meaning of Rule 15c2-12 of the United States Securities and Exchange Commission, and/or (3) the City being subjected to additional reporting or recordkeeping duties. Notwithstanding the foregoing, no Improvement Area #4 Reimbursement Agreement Transfer shall be effective until five (5) days after written notice of the Improvement Area #4 Reimbursement Agreement Transfer is received by the City, including, for each Improvement Area #4 Reimbursement Agreement Transferee, the notice information required pursuant to Section 3.11. The City may rely on notice of an Improvement Area #4 Reimbursement Agreement Transfer received from the Developer without obligation to investigate or confirm the validity of the Improvement Area #4 Reimbursement Agreement Transfer. The Developer waives all rights or claims against the City for any funds paid to an Improvement Area #4 Reimbursement Agreement Transferee as a result of an Improvement Area #4 Reimbursement Agreement Transfer for which the City received notice. The foregoing notwithstanding, no Improvement Area #4 Reimbursement Agreement Transfer of payments of the Reimbursement Balance may be pledged to the payment of debt service on public securities issued by any state of the United States or any political subdivision thereof without the approval of the City Council. 3.10 Applicable Law; Venue. This Improvement Area #4 Reimbursement Agreement is being executed and delivered and is intended to be performed in the State of Texas. Except to the extent that the laws of the United States may apply, the substantive laws of the State of Texas shall govern the interpretation and enforcement of this Improvement Area #4 Reimbursement Agreement. In the event of a dispute involving this Improvement Area #4 Reimbursement Agreement, venue shall lie in any court of competent jurisdiction in Tarrant County, Texas. 3.11 Notice. Notice. Any notices, certifications, approvals, or other communications required to be given by one Party to another under this Agreement shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (i) when the notice is delivered in person to the person to whose attention the notice is addressed with a confirming copy sent by e-mail; (ii) 10 business days after the notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid with a confirming copy sent by e-mail; or (iii) when the notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address with a confirming copy sent by e-mail. For the purpose of giving any notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending notice of such change to the other Party as provided in this section. 17 1920.020\1076646.2 If to the City: City of Fort Worth Denis McElroy, Assistant City Attorney 100 Fort Worth Trail, Fort Worth, Texas 76102 With a copy to: McCall, Parkhurst & Horton, L.L.P. Attn: Jeff Leuschel 717 North Harwood, Suite 900 Dallas, Texas 75201 and: Kelly Hart & Hallman LLP Attn: Jonathan Cranz 201 Main Street, Suite 2500 Fort Worth, Texas 76107 If to the Developer: QUAIL VALLEY DEVCO IVB, LLC c/o Republic Property Group, Inc. Attn: Zach Chadim 400 S. Record Street, Suite 1200 Dallas, Texas 75202 and: QUAIL VALLEY DEVCO V, LLC c/o Republic Property Group, Inc. Attn: Zach Chadim 400 S. Record Street, Suite 1200 Dallas, Texas 75202 and: QUAIL VALLEY DEVCO VIA, LLC c/o Republic Property Group, Inc. Attn: Zach Chadim 400 S. Record Street, Suite 1200 Dallas, Texas 75202 18 1920.020\1076646.2 With a copy to: Shupe Ventura, PLLC Attn: Corey Admire 9406 Biscayne Blvd. Dallas, TX 75218 Any Party may change its address by delivering notice of the change in accordance with this section. 3.12 Default/Remedies. 3.12.1 If either Party fails to perform an obligation imposed on such Party by this Improvement Area #4 Reimbursement Agreement (a "Failure") and such Failure is not cured after notice and the expiration of the cure periods provided in this section, then such Failure shall constitute a "Default." If a Failure is monetary, the non-performing Party shall have thirty (30) days within which to cure. If the Failure is non-monetary, the non-performing Party shall have forty-five (45) days within which to cure. 3.12.2 If the Developer is in Default, the City's sole and exclusive remedy shall be to compel performance through injunctive relief or specific performance. No Default by the Developer shall entitle the City to terminate this Improvement Area #4 Reimbursement Agreement. No Default by the Developer after the Improvements Completion Date shall entitle the City to withhold payments to the Developer from the District Fund in accordance with this Improvement Area #4 Reimbursement Agreement. 3.12.3 If the City is in Default, the Developer's sole and exclusive remedies shall be to: (1) compel performance through injunctive relief or specific performance; and/or (2) seek specific enforcement of this Improvement Area #4 Reimbursement Agreement. No Default by the City shall entitle the Developer to terminate this Improvement Area #4 Reimbursement Agreement. 3.12.4 The City shall give notice of any alleged Failure by the Developer to each Improvement Area #4 Reimbursement Agreement Transferee identified in any notice from the Developer, and such Improvement Area #4 Reimbursement Agreement Transferees shall have the right, but not the obligation, to cure the alleged Failure within the same cure periods that are provided to the Developer. The election by an Improvement Area #4 Reimbursement Agreement Transferee to cure a Failure by the Developer shall constitute a cure by the Developer but shall not obligate the Improvement Area #4 Reimbursement Agreement Transferee to be bound by this Improvement Area #4 Reimbursement Agreement unless the Improvement Area #4 Reimbursement Agreement Transferee agrees in writing to be bound. 3.13 Remedies Outside the Agreement. Nothing in this Improvement Area #4 Reimbursement Agreement constitutes a waiver by the City of any remedy the City may have outside this Improvement Area #4 Reimbursement Agreement against any the Developer, any Improvement 19 1920.020\1076646.2 Area #4 Reimbursement Agreement Transferee, or any other person or entity involved in the design, construction, or installation of the Authorized Improvements. The obligations of the Developer hereunder shall be those of a party hereto and not as an owner of property in the PID. Nothing herein shall be construed as affecting the City's or the Developer's rights or duties to perform their respective obligations under other agreements, use regulations or subdivision requirements relating to the development of property in the PID. 3.14 Employment of Undocumented Workers. During the term of this Agreement, the Developer agrees not to knowingly employ any undocumented workers and, if convicted of a violation under 8 U.S.C. Section 1324a(f), the Developer shall repay the incentives granted herein within 120 days after the date the Developer is notified by the City of such violation, plus interest at the rate of six percent (6%) compounded annually from the date of violation until paid. Pursuant to Section 2264.101(c), Texas Government Code, a business is not liable for a violation of Chapter 2264 by a subsidiary, affiliate, or franchisee of the business, or by a person with whom the business contracts. 3.15 Statutory Verifications. The Developer makes the following representations and covenants pursuant to Chapters 2252, 2271, 2274, and 2276, Texas Government Code, as amended, in entering into this Improvement Area #4 Reimbursement Agreement (the "Verifications"). As used in such Verifications, the Developer understands 'affiliate' to mean an entity that controls, is controlled by, or is under common control with the Developer within the meaning of SEC Rule 405, 17 C.F.R. § 230.405, and exists to make a profit. Liability for breach of any such Verifications during the term of this Improvement Area #4 Reimbursement Agreement shall survive until barred by the applicable statute of limitations, and shall not be liquidated or otherwise limited by any provision of this Agreement, notwithstanding anything contained in this Agreement to the contrary. 3.15.1 No Boycott of Israel. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott Israel and will not boycott Israel during the term of this Agreement. As used in the foregoing verification, 'boycott Israel,' has the meaning in Section 2271.001, Texas Government Code, by reference to Section 808.001(1), Texas Government Code, and means refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations specifically with Israel, or with a person or entity doing business in Israel or in an Israeli- controlled territory, but does not include an action made for ordinary business purposes. 3.15.2 Iran, Sudan and Foreign Terrorist Organizations. The Developer represents that neither it nor any of its parent company, wholly- or majority-owned subsidiaries, and other affiliates is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Texas Government Code, as amended. The foregoing representation excludes the Developer and 20 1920.020\1076646.2 each of its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization. 3.15.3 No Discrimination Against Fossil Fuel Companies. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. As used in the foregoing verification, "boycott energy companies" has the meaning in Section 2276.001(1), Texas Government Code, by reference to Section 809.001, Texas Government Code, and means, without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company because the company (A) engages in the exploration, production, utilization, transportation, sale, or manufacturing of fossil fuel-based energy and does not commit or pledge to meet environmental standards beyond applicable federal and state law; or (B) does business with a company described by (A) above. 3.15.4 No Discrimination Against Firearm Entities and Firearm Trade Associations. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate against a firearm entity or firearm trade association during the term of this Improvement Area #4 Reimbursement Agreement. As used in the foregoing verification and the following definitions: (a) 'discriminate against a firearm entity or firearm trade association,' has the meaning in Section 2274.001(3), Texas Government Code, and means: (A) with respect to the firearm entity or firearm trade association, to (i) refuse to engage in the trade of any goods or services with the firearm entity or firearm trade association based solely on its status as a firearm entity or firearm trade association, (ii) refrain from continuing an existing business relationship with the firearm entity or firearm trade association based solely on its status as a firearm entity or firearm trade association, or (iii) terminate an existing business relationship with the firearm entity or firearm trade association based solely on its status as a firearm entity or firearm trade association, and (B) does not include: (i) the established policies of a merchant, retail seller, or platform that restrict or prohibit the listing or selling of ammunition, firearms, or firearm accessories and (ii) a company's refusal to engage in the trade of any goods or services, decision to refrain from continuing an existing business relationship, or decision to terminate an existing business relationship (aa) to comply with federal, state, or local law, policy, or regulations or a directive by a 21 1920.020\1076646.2 regulatory agency or (bb) for any traditional business reason that is specific to the customer or potential customer and not based solely on an entity's or association's status as a firearm entity or firearm trade association; (b) 'firearm entity,' has the meaning in Section 2274.001(6), Texas Government Code, and means a manufacturer, distributor, wholesaler, supplier, or retailer of firearms (defined in Section 2274.001(4), Texas Government Code, as weapons that expel projectiles by the action of explosive or expanding gases), firearm accessories (defined in Section 2274.001(5), Texas Government Code, as devices specifically designed or adapted to enable an individual to wear, carry, store, or mount a firearm on the individual or on a conveyance and items used in conjunction with or mounted on a firearm that are not essential to the basic function of the firearm, including detachable firearm magazines), or ammunition (defined in Section 2274.001(1), Texas Government Code, as a loaded cartridge case, primer, bullet, or propellant powder with or without a projectile) or a sport shooting range (defined in Section 250.001, Texas Local Government Code, as a business establishment, private club, or association that operates an area for the discharge or other use of firearms for silhouette, skeet, trap, black powder, target, self-defense, or similar recreational shooting); and (c) 'firearm trade association,' has the meaning in Section 2274.001(7), Texas Government Code, and means any person, corporation, unincorporated association, federation, business league, or business organization that (i) is not organized or operated for profit (and none of the net earnings of which inures to the benefit of any private shareholder or individual), (ii) has two or more firearm entities as members, and (iii) is exempt from federal income taxation under Section 501(a), Internal Revenue Code of 1986, as an organization described by Section 501(c) of that code. 3.16 Form 1295. The Parties acknowledge and agree that Developer submitted to the City a completed Form 1295 generated by the Texas Ethics Commission's (the "TEC") electronic filing application in accordance with the provisions of Section 2252.908 of the Texas Government Code and the rules promulgated by the TEC (the "Form 1295") at the time Developer submitted its signature page to this Agreement. The City hereby confirms timely receipt of the Form 1295 from the Developer pursuant to Section 2252.908, and the City agrees to acknowledge such form with the TEC through its electronic filing application system not later than the 30th day after the receipt of such form. The City waives all claims related to the validity and enforceability of this Agreement to the extent such claims are based on noncompliance with Section 2252.908, Texas Government Code. 22 1920.020\1076646.2 3.17 Entire Agreement; Amendment. This Improvement Area #4 Reimbursement Agreement supersedes all prior agreements (whether written or oral) between the Parties regarding the subject matter hereof and constitutes the only agreement between the Parties with regard to the subject matter hereof. For the avoidance of doubt, the Master Reimbursement Agreement remains in full force and effect with respect to any other applicable improvement area and is not superseded with respect to any other improvement area by this Improvement Area #4 Reimbursement Agreement. In the event of any conflict between this Improvement Area #4 Reimbursement Agreement and any other instrument, document, or agreement to which either Party is a party or by which either Party is bound, the provisions and intent of this Improvement Area #4 Reimbursement Agreement shall control. This Improvement Area #4 Reimbursement Agreement may only be amended by written agreement of the Parties. 3.18 Severability. If any provision of this Improvement Area #4 Reimbursement Agreement is held invalid by any court, such holding shall not affect the validity of the remaining provisions. 3.19 Non-Waiver. The failure by a Party to insist upon the strict performance of any provision of this Improvement Area #4 Reimbursement Agreement by the other Party, or the failure by a Party to exercise its rights upon a Default by the other Party, shall not constitute a waiver of such Party's right to insist and demand strict compliance by such other Party with the provisions of this Improvement Area #4 Reimbursement Agreement. 3.20 Third Party Beneficiaries. Nothing in this Improvement Area #4 Reimbursement Agreement is intended to or shall be construed to confer upon any person or entity other than the City and the Developer (including Developer's Improvement Area #4 Reimbursement Agreement Transferees following a transfer) any rights under or by reason of this Improvement Area #4 Reimbursement Agreement. All provisions of this Improvement Area #4 Reimbursement Agreement shall be for the sole and exclusive benefit of the City and the Developer (including Developer's Improvement Area #4 Reimbursement Agreement Transferees following an Improvement Area #4 Reimbursement Agreement Transfer). 3.21 Counterparts. This Improvement Area #4 Reimbursement Agreement may be executed in multiple counterparts, which, when taken together, shall be deemed one original. This Improvement Area #4 Reimbursement Agreement may be delivered by the exchange of signed signature pages by facsimile transmission or by electronic mail with a "pdf" copy or other replicating image attached, and any printed or copied version of any signature page so delivered shall have the same force and effect as an originally signed version of such signature page. 3.22 Representations and Warranties. 3.22.1 Devco IVB represents and warrants to the City that: (1) Devco IVB has the authority to enter into and perform its obligations under this Improvement Area #4 Reimbursement Agreement; (2) Devco IVB has the financial resources, or the ability to obtain sufficient financial 23 1920.020\1076646.2 resources, to meet its obligations under this Improvement Area #4 Reimbursement Agreement; (3) the person executing this Improvement Area #4 Reimbursement Agreement on behalf of Devco IVB has been duly authorized to do so; (4) this Improvement Area #4 Reimbursement Agreement is binding upon Devco IVB in accordance with its terms; and (5) the execution of this Improvement Area #4 Reimbursement Agreement and the performance by Devco IVB of its obligations under this Improvement Area #4 Reimbursement Agreement do not constitute a breach or event of default by Devco IVB under any other agreement, instrument, or order to which Devco IVB is a party or by which Devco IVB is bound. 3.22.2 Devco V represents and warrants, on behalf of itself and Devco I, to the City that: (1) Devco V has the authority to enter into and perform its obligations under this Improvement Area #4 Reimbursement Agreement; (2) Devco V has the financial resources, or the ability to obtain sufficient financial resources, to meet its obligations under this Improvement Area #4 Reimbursement Agreement; (3) the person executing this Improvement Area #4 Reimbursement Agreement on behalf of Devco V has been duly authorized to do so; (4) this Improvement Area #4 Reimbursement Agreement is binding upon Devco V in accordance with its terms; and (5) the execution of this Improvement Area #4 Reimbursement Agreement and the performance by Devco V of its obligations under this Improvement Area #4 Reimbursement Agreement do not constitute a breach or event of default by Devco V or Devco I under any other agreement, instrument, or order to which Devco V or Devco I is a party or by which Devco V or Devco I is bound. 3.22.3 Devco VIA represents and warrants to the City that: (1) Devco VIA has the authority to enter into and perform its obligations under this Improvement Area #4 Reimbursement Agreement; (2) Devco VIA has the financial resources, or the ability to obtain sufficient financial resources, to meet its obligations under this Improvement Area #4 Reimbursement Agreement; (3) the person executing this Improvement Area #4 Reimbursement Agreement on behalf of Devco VIA has been duly authorized to do so; (4) this Improvement Area #4 Reimbursement Agreement is binding upon Devco VIA in accordance with its terms; and (5) the execution of this Improvement Area #4 Reimbursement Agreement and the performance by Devco VIA of its obligations under this Improvement Area #4 Reimbursement Agreement do not constitute a breach or event of default by Devco VIA under any other agreement, instrument, or order to which Devco VIA is a party or by which Devco VIA is bound. 3.22.4 Devco IVB, Devco V and Devco VIA each represent and warrant to the City that with regard to the obligations of the "Developer" under this Improvement Area #4 Reimbursement Agreement, Devco IVB, Devco V and Devco VIA are jointly and severally liable for such obligations unless and until either of them has transferred such obligations, in whole or in part, pursuant to Section 3.9. In the event of an Improvement Area #4 Reimbursement Agreement Transfer by either Devco IVB, Devco V or Devco VIA of all or any of its obligations under this Improvement Area #4 Reimbursement Agreement pursuant to Section 3.9, the Improvement Area #4 Reimbursement Agreement Transferee shall only be liable to the extent of the obligations that 24 1920.020\1076646.2 are the subject of the Improvement Area #4 Reimbursement Agreement Transfer and shall not be jointly liable with the Developer or with any other Improvement Area #4 Reimbursement Agreement Transferee for any other obligations under this Improvement Area #4 Reimbursement Agreement. 3.22.5 The City represents and warrants to Developer that: (1) the City has the authority to enter into and perform its obligations under this Improvement Area #4 Reimbursement Agreement; (2) the person executing this Improvement Area #4 Reimbursement Agreement on behalf of the City has been duly authorized to do so; (3) this Improvement Area #4 Reimbursement Agreement is binding upon the City in accordance with its terms; and (4) the execution of this Improvement Area #4 Reimbursement Agreement and the performance by the City of its obligations under this Improvement Area #4 Reimbursement Agreement do not constitute a breach or event of default by the City under any other agreement, instrument, or order to which the City is a party or by which the City is bound. [Remainder of page left blank intentionally. Execution pages follow.] City Signature Page Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #4 Reimbursement Agreement 1920.020\1076646.2 EXECUTED to be effective as of the Effective Date. CITY OF FORT WORTH, TEXAS By: _______________________ Name: _____________________ Title: ______________________ ATTEST: City Secretary APPROVED AS TO FORM: Name: ________________________ Title: Assistant City Attorney Developer Signature Page Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #4 Reimbursement Agreement 1920.020\1076646.2 DEVELOPER: QUAIL VALLEY DEVCO IVB, LLC a Texas limited liability company By: RPG QVR, LLC its manager By: __________________________________ Name: Jake Wagner Title: Co-CEO QUAIL VALLEY DEVCO V, LLC a Texas limited liability company By: RPG QVR, LLC its manager By: __________________________________ Name: Jake Wagner Title: Co-CEO QUAIL VALLEY DEVCO VIA, LLC a Texas limited liability company By: RPG QVR, LLC its manager By: __________________________________ Name: Jake Wagner Title: Co-CEO Schedule I Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Area #4 Reimbursement Agreement 1920.020\1076646.2 SCHEDULE I NOTICE OF TRANSFER FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 (WALSH RANCH/QUAIL VALLEY) CITY OF FORT WORTH, TEXAS SERVICE AND ASSESSMENT PLAN September 27, 2022 As updated for Improvement Area #2 on September 1, 2020, as updated for Improvement Area #3 on September 27, 2022, as updated for Improvement Areas #1-3 Bonds on June 11, 2024, as updated for Improvement Area #4 on May 12, 2026. PREPARED BY: FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.16 (WALSH RANCH/QUAIL VALLEY) SERVICE AND ASSESSMENT PLAN – UPDATED FOR IMPROVEMENT AREA #2, IMPROVEMENT AREA #3, IMPROVEMENT AREAS #1-3BONDS, AND IMPROVEMENT AREA #4 TABLE OF CONTENTS I.PLAN DESCRIPTION AND DEFINED TERMS ................................................................... 4 A. INTRODUCTION ........................................................................................................................... 4 B. DEFINITIONS ............................................................................................................................... 4 II. PROPERTY INCLUDED IN THE PID ........................................................................... 14 A. PROPERTY INCLUDED IN THE PID .............................................................................................. 14 B. PROPERTY LOCATED IN IMPROVEMENT AREA #1, IMPROVEMENT AREA #2, IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4 ..................................................................................... 15 C. PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS .......................................................... 16 III.DESCRIPTION OF THE AUTHORIZED IMPROVEMENTS ............................................. 18 A. AUTHORIZED IMPROVEMENT OVERVIEW .................................................................................. 18 B. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #1FUNDED IMPROVEMENTS ..................... 18 C. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #2FUNDED IMPROVEMENTS .....................20 D. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #3FUNDED IMPROVEMENTS .....................22 E. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #4FUNDED IMPROVEMENTS .....................24 F. FUTURE IMPROVEMENT AREA IMPROVEMENTS .........................................................................26 G. PIDASSESSMENT NOTICE ..........................................................................................................26 IV. ASSESSMENT PLAN ................................................................................................. 27 A. INTRODUCTION ..........................................................................................................................27 B. SPECIAL BENEFIT .......................................................................................................................27 C. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #1 FUNDED IMPROVEMENTS ...........29 D. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #2 FUNDED IMPROVEMENTS ...........30 E. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #3 FUNDED IMPROVEMENTS ...........30 F. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #4 FUNDED IMPROVEMENTS ........... 31 G. ALLOCATION OF ACTUAL COSTS OF FUTURE IMPROVEMENT AREA IMPROVEMENTS ................32 H. ASSESSMENT METHODOLOGY ....................................................................................................32 I. ASSESSMENT AND ANNUAL INSTALLMENTS ................................................................................43 J. ADMINISTRATIVE EXPENSES ......................................................................................................44 K. ADDITIONAL INTEREST RATE .....................................................................................................44 L. DELINQUENCY AND PREPAYMENT RESERVE ..............................................................................44 V. SERVICE PLAN .......................................................................................................... 45 A. INTRODUCTION ..........................................................................................................................45 VI. TERMS OF THE ASSESSMENTS ................................................................................. 53 A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #1 ...........................................................................................................53 B. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #2 ...........................................................................................................53 C. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #3 ...........................................................................................................53 D. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #4 ...........................................................................................................53 E. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS.................................................................................................54 F. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #1, IMPROVEMENT AREA #2, AND IMPROVEMENT AREA #3 ............................................................54 G. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS .......................................................................................................................................55 H. MANDATORY PREPAYMENT OF ASSESSMENTS ...........................................................................55 I. REDUCTION OF ASSESSMENTS ....................................................................................................56 J. PAYMENT OF ASSESSMENTS .......................................................................................................56 K. COLLECTION OF ANNUAL INSTALLMENTS .................................................................................58 VII.THE ASSESSMENT ROLL ........................................................................................ 60 A. IMPROVEMENT AREA #1 ASSESSMENT ROLL .............................................................................60 B. IMPROVEMENT AREA #2 ASSESSMENT ROLL .............................................................................60 C. IMPROVEMENT AREA #3ASSESSMENT ROLL ............................................................................. 61 D. IMPROVEMENT AREA #4ASSESSMENT ROLL .............................................................................62 E. FUTURE IMPROVEMENT AREA ASSESSMENT ROLL ....................................................................63 F. ANNUAL ASSESSMENT ROLL UPDATES .......................................................................................63 VIII. MISCELLANEOUS PROVISIONS ............................................................................. 64 A. ADMINISTRATIVE REVIEW .........................................................................................................64 B. TERMINATION OF ASSESSMENTS ................................................................................................64 C. AMENDMENTS ............................................................................................................................64 D. COUNTY FILING .........................................................................................................................65 E. ADMINISTRATION AND INTERPRETATION OF PROVISIONS ..........................................................65 F. SEVERABILITY ............................................................................................................................65 APPENDIX A-1 - IMPROVEMENT AREA #1ASSESSMENT ROLL APPENDIX A-2 - IMPROVEMENT AREA #2ASSESSMENT ROLL APPENDIX A-3 - IMPROVEMENT AREA #3ASSESSMENT ROLL APPENDIX A-4 - IMPROVEMENT AREA #4ASSESSMENT ROLL APPENDIX B- LEGAL DESCRIPTION FOR PARCELS IN THE PID APPENDIX C - PID ASSESSMENT NOTICE MuniCap |4 I. PLAN DESCRIPTION AND DEFINED TERMS A. INTRODUCTION On September 27, 2016, the City Council (the "City Council") of the City of Fort Worth, Texas (the "City") approved Resolution 4686-09-2016, which authorized the creation of the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the “PID”) to finance a portion of the Actual Costs of the Authorized Improvements for the benefit of certain property in the PID, all of which is located within the city limits or ETJ of the City. Chapter 372 of the Texas Local Government Code (as amended, the “PID Act”), governs the creation and operation of public improvement districts within the State of Texas. This Service and Assessment Plan (this “SAP”) was prepared pursuant to the PID Act. The PID Act requires that a service plan “cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements and include a copy of the notice form required by Section 5.014, Property Code.” The PID Act also requires a service plan "be reviewed and updated annually for the purpose of determining the annual budget for improvements." The service plan for the PID is described in more detail in Section V. The copy of the notice form required by Section 5.014 of the Texas Property Code, as amended, is attached hereto as Appendix C. Pursuant to the Development Agreement, the City has agreed to finance the Actual Costs of only a portion of the Authorized Improvements being constructed for the Property, namely, the costs of any off-site access and transportation improvements, park and green space improvements constituting Public Improvements. The Property is expected to be developed in seven phases. For each phase developed, the City will levy and collect Assessments for the benefitted Property pursuant to multiple Assessment Ordinances. The Assessment Rolls for the PID are attached as Appendix A-1, Appendix A-2, Appendix A-3, and Appendix A-4 and are addressed in Section VII. The Assessments shown on the Assessment Rolls are based on the method for establishing and levying the Assessments described in Sections IV and VI. Unless otherwise specified, references in this SAP to a "Section," a "Table," or an "Appendix" shall mean a Section of, Table in, or Appendix to this SAP for all purposes. B. DEFINITIONS Capitalized terms used herein shall have the meanings ascribed to them as follows: “Actual Costs” means, with respect to, Authorized Improvements, the demonstrated, reasonable, allocable, and allowable costs of constructing such Authorized Improvements. Actual Costs may include (i) the costs incurred for the design, planning, financing, administration/management, acquisition, installation, construction and/or implementation of such Authorized Improvements, (ii) the costs incurred in preparing the construction plans for such Authorized Improvements, (iii) the fees paid for obtaining permits, licenses or other governmental approvals for such Authorized MuniCap |5 Improvements, (iv) the costs incurred for external professional costs, such as engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals, legal, accounting and similar professional services, taxes (property and franchise) related to the Authorized Improvements, (v) all labor, bonds and materials, including equipment and fixtures, incurred by contractors, builders and materialmen in connection with the acquisition, construction or implementation of the Authorized Improvements, and (vi) all related permitting, zoning and authorized approval expenses; architectural, engineering, legal and consulting fees; financing charges; taxes; governmental fees and charges; insurance premiums’ and miscellaneous expenses. For the avoidance of doubt, not all the Authorized Improvements and the Actual Costs thereof are being funded through the PID. Only certain Authorized Improvements described herein, and the PID-Funded Actual Costs thereof, as defined below, are being funded through the PID. “Additional Interest” means the 0.50% additional interest charged on Assessments securing PID Bonds pursuant to Section 372.018 of the PID Act to fund the Delinquency and Prepayment Reserve pursuant to Sections IV.K and IV.L. “Administrative Expenses” means the administrative, organizational, maintenance and operation costs and expenses associated with, or incident to, the administration, organization, maintenance and operation of the PID, including, but not limited to, the costs of (i) legal counsel, engineers, accountants, financial advisors, investment bankers or other consultants and advisors, (ii) creating and organizing the PID and preparing the Assessment Rolls, (iii) computing, levying, collecting and transmitting the Assessments or the Annual Installments thereof, (iv) maintaining the record of Assessments, including payments, reallocations and/or cancellations of the Assessments or Annual Installments thereof, (v) issuing, making debt service payments on, and redeeming the PID Bonds, (vi) investing or depositing the Assessments or other monies, (vii) complying with the PID Act with respect to the PID, (viii) paying the paying agent/registrar’s and trustee’s fees and expenses (including the fees and expenses of their respective legal counsel) related to the PID Bonds, and (ix) City costs of administering the construction of that portion of the Authorized Improvements to be funded through the PID. Administrative Expenses do not include the amounts for payment of the actual principal of, redemption premium, if any, and interest on the PID Bonds. Annual Administrative Expenses collected and not expended shall be carried forward and applied to reduce Administrative Expenses in subsequent years to avoid over collection. “Administrator” means an officer or employee of the City or third party designee of the City who is not an officer or employee thereof, who shall have the responsibilities provided for herein, in an Indenture relating to the PID Bonds or in any other agreement approved by the City Council relating to the PID. “Annual Installment” means, with respect to the Assessed Property, each annual payment of: (i) the applicable Assessment (including the principal of and interest thereon) as shown on the Assessment Rolls as updated each year by the Annual Service Plan Update in accordance with this SAP and calculated as provided in Section VI, (ii) Administrative Expenses as updated each year by the Annual Service Plan Update, and (iii) the Additional Interest. The Annual Installment is subject to update and adjustment from time to time, including upon the issuance of PID Bonds, if any. MuniCap |6 “Annual Service Plan Update” is defined in Section V.A. “Assessed Property” or “Assessed Properties” means property within the PID that benefits from the Authorized Improvements and on which Assessments have been levied as shown on the Assessment Rolls and which currently includes all Parcels other than Non-Benefited Property. “Assessment” means the assessment levied against a Parcel pursuant to an Assessment Ordinance and the provisions of this SAP, as shown on any Assessment Roll, subject to reallocation upon the subdivision or reduction of such Parcel according to this SAP and the PID Act. The term includes, as applicable, the Improvement Area #1 Assessment, the Improvement Area #2 Assessment, the Improvement Area #3 Assessment, the Improvement Area #4 Assessment and any assessment levied against a Parcel pursuant to an Assessment Ordinance in a Future Improvement Area. “Assessment Ordinance” means each ordinance adopted by the City Council approving this SAP (or amendments or supplements to the SAP) and levying the Assessments, including, as applicable, the Improvement Area #1 Assessment Ordinance, the Improvement Area #2 Assessment Ordinance, the Improvement Area #3 Assessment Ordinance, the Improvement Area #4 Assessment Ordinance, and any assessment ordinance adopted which levies an Assessment on a Future Improvement Area. “Assessment Roll” or “Assessment Rolls” means collectively or separately as applicable, the Improvement Area #1 Assessment Roll, the Improvement Area #2 Assessment Roll, the Improvement Area #3 Assessment Roll, and the Improvement Area #4 Assessment Roll included in this SAP as Appendix A-1, Appendix A-2, Appendix A-3, and Appendix A-4, respectively, as each may be updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance of PID Bonds or in connection with any Annual Service Plan Update. The Term also includes an Assessment Roll for any Future Improvement Area. “Authorized Improvements” means those improvements, including those listed in Section III.A and described in Section III.B, III.C, III.D, and III.E, authorized by Section 372.003 of the PID Act, regardless of whether such improvements are funded through the PID. Only a portion of the Authorized Improvements constructed within the PID will be funded through the PID, and such improvements will be acquired, constructed, or installed in accordance with this SAP, and any future updates and/or amendments. “City” means the City of Fort Worth Texas. “City Council” means the duly elected governing body of the City. “County” means either Parker County, Texas or Tarrant County, Texas. “Delinquency and Prepayment Reserve” has the meaning set forth in Section IV.L of this SAP. “Delinquent Collection Costs” means interest, penalties and expenses incurred or imposed with respect to any delinquent Assessment, or an Annual Installment thereof, in accordance with the MuniCap |7 PID Act which includes the costs related to pursuing collection of such delinquent Assessment, or an Annual Installment thereof, and the costs related to foreclosing the lien against the Assessed Property, including attorney’s fees to the extent permitted by the PID Act. “Developer” means QUAIL VALLEY DEVCO I, LLC, a Texas limited liability company, QUAIL VALLEY DEVCO II, LLC, a Texas limited liability company, QUAIL VALLEY DEVCO III, a Texas limited liability company, QUAIL VALLEY VLO, LLC, a Texas Limited Liability company, QUAIL VALLEY DEVCO IVB, LLC, a Texas limited liability company, QUAIL VALLEY DEVCO V, LLC, a Texas limited liability company, QUAIL VALLEY DEVCO VIA, LLC, a Texas limited liability company, and WALSH RANCHES LIMITED PARTNERSHIP, a Texas limited partnership, and their respective successors and assigns. “Development Agreement” means that certain Economic Development Agreement by and between the City and Walsh Ranches Limited Partnership, the Walsh Children’s Trusts, The Walsh Grandchildren’s Trust, and F. Howard Walsh, Jr., entered into on May 6, 2003, as the same may be amended from time to time. “ETJ” means the extraterritorial jurisdiction of the City. “Future Improvement Areas” means those Future Improvement Areas to be defined and developed after Improvement Area #1, Improvement Area #2, Improvement Area #3, and Improvement Area #4 within the boundaries of the PID on that portion of the Property shown on Table II-C and described in Appendix B. “Future Improvement Areas Assessed Property” means, for any year, all Parcels within the Future Improvement Areas and listed on the Future Improvement Areas Assessment Roll, other than Non-Benefited Property. “Future Improvement Areas Assessment Roll” means, as applicable, the Future Improvement Areas Assessment Roll as may be updated, modified or amended from time to time in accordance with the procedures set forth in this SAP and in the PID Act, including updates prepared in connection with any future issuance of PID Bonds or in connection with any Annual Service Plan Update. “Future Improvement Area Bonds” means bonds issued to fund Future Improvement Area Improvements (or a portion thereof) in a Future Improvement Area that are secured by Assessments levied on Assessed Property within such Future Improvement Area. In connection with Future Improvement Area Bonds, Assessments related to such Future Improvement Area Bonds will be levied only on property located within the applicable Future Improvement Area to finance Public Improvements which will only benefit such Future Improvement Area “Future Improvement Areas Improvements” means those Authorized Improvements which confer a special benefit on Future Improvement Areas and the costs of which are to be PID-Funded Actual Costs. MuniCap |8 “Improvement Area #1” means that portion of the Property shown on Table II-B, described in Appendix B. “Improvement Area #1 Assessed Property” means, for any year, all Parcels within Improvement Area #1 and listed on the Improvement Area #1 Assessment Roll, other than Non-Benefited Property. “Improvement Area #1 Assessment” means the Assessment levied pursuant to the Improvement Area #1 Assessment Ordinance on the Improvement Area #1 Assessed Property. “Improvement Area #1 Assessment Ordinance” means Assessment Ordinance No. 22707-05- 2017, adopted by the City Council on May 2, 2017, which levied the Improvement Area #1 Assessment. “Improvement Area #1 Assessment Roll” means the Assessment Roll included as Appendix A- 1. “Improvement Area #1 Funded Improvements” means those Authorized Improvements which confer a special benefit on Improvement Area #1 and the costs of which, the PID-Funded Actual Costs, are shown in Table III-A. “Improvement Area #1 Reimbursement Agreement” means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, effective May 2, 2017, by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area #1 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area #1 Funded Improvements, with interest, as permitted by the PID Act. “Improvement Areas #1-3 Bonds” means the City of Fort Worth, Texas Special Assessment Revenue Bonds, Series 2024, Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Improvement Areas #1-3 Project) secured by Improvement Area #1 Assessments, Improvement Area #2 Assessments, and Improvement Area #3 Assessments, levied on the Improvement Area #1 Assessed Property, Improvement Area #2 Assessed Property and Improvement Area #3 Assessed Property, respectively. “Improvement Area #2” means that portion of the Property shown on Table II-B, described in Appendix B. “Improvement Area #2 Assessed Property” means, for any year, all Parcels within Improvement Area #2 and listed on the Improvement Area #2 Assessment Roll, other than Non-Benefited Property. “Improvement Area #2 Assessment” means the Assessment levied pursuant to the Improvement Area #2 Assessment Ordinance on the Improvement Area #2 Assessed Property. MuniCap |9 “Improvement Area #2 Assessment Ordinance” means Assessment Ordinance No. 24386-09- 2020, adopted by the City Council on September 1, 2020, which levied the Improvement Area #2 Assessment. “Improvement Area #2 Assessment Roll” means the Assessment Roll included as Appendix A- 2. “Improvement Area #2 Funded Improvements” means those Authorized Improvements which confer a special benefit on Improvement Area #2 and the costs of which, the PID-Funded Actual Costs, are shown in Table III-B. “Improvement Area #2 Reimbursement Agreement” means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, effective September 1 2020, by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area #2 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area #2 Funded Improvements, with interest, as permitted by the PID Act. “Improvement Area #3” means that portion of the Property shown on Table II-B, described in Appendix B. “Improvement Area #3 Assessed Property” means, for any year, all Parcels within Improvement Area #3 and listed on the Improvement Area #3 Assessment Roll, other than Non-Benefited Property. “Improvement Area #3 Assessment” means the Assessment levied pursuant to the Improvement Area #3 Assessment Ordinance on the Improvement Area #3 Assessed Property. “Improvement Area #3 Assessment Ordinance” means Assessment Ordinance No. 25775-09- 2022, adopted by the City Council on September 27, 2022, which levied the Improvement Area #3 Assessment. “Improvement Area #3 Assessment Roll” means the Assessment Roll included as Appendix A- 3. “Improvement Area #3 Funded Improvements” means those Authorized Improvements which confer a special benefit on Improvement Area #3 and the costs of which, the PID-Funded Actual Costs, are shown in Table III-C. “Improvement Area #3 Reimbursement Agreement” means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, to be effective June 18, 2023, by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area #3 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area #3 Funded Improvements, with interest, as permitted by the PID Act. MuniCap |10 “Improvement Area #4” means that portion of the Property shown on Table II-B, described in Appendix B. “Improvement Area #4 Assessed Property” means, for any year, all Parcels within Improvement Area #4 and listed on the Improvement Area #4 Assessment Roll, other than Non-Benefited Property. “Improvement Area #4 Assessment” means the Assessment levied pursuant to the Improvement Area #4 Assessment Ordinance on the Improvement Area #4 Assessed Property. “Improvement Area #4 Assessment Ordinance” means Assessment Ordinance No.________, adopted by the City Council on __________ 2026, which levied the Improvement Area #4 Assessment. “Improvement Area #4 Assessment Roll” means the Assessment Roll included as Appendix A- 4. “Improvement Area #4 Funded Improvements” means those Authorized Improvements which confer a special benefit on Improvement Area #4 and the costs of which, will be the PID-Funded Actual Costs, are shown in Table III-D. “Improvement Area #4 Reimbursement Agreement” means that certain Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) Reimbursement Agreement, to be effective May 12, 2026, by and between the City and the Developer pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in Improvement Area #4 of the District and the City agrees to reimburse the Developer for the Actual Costs of the Improvement Area #4 Funded Improvements, with interest, as permitted by the PID Act. “Indenture” means an indenture of trust, trust agreement, ordinance or similar document between the City and the Trustee, authorizing the issuance of, and setting forth the terms and other provisions relating to the collection of annual installments, any PID Bonds as modified, amended, and/or supplemented from time to time. “Lot” means (i) for any portion of the Property for which a subdivision plat has been recorded in the official public records of a County, a tract of land described by "Lot" and "Block" in such subdivision plat, and (ii) for any portion of the Property for which a subdivision plat has not been recorded in the official public records of a County, a tract of land anticipated to be described by "Lot" and "Block" in a final recorded subdivision plat. “Lot Type” means a classification of final building Lots with similar characteristics (e.g., commercial, light industrial, multifamily residential, single family residential or other uses), as determined by the Administrator and confirmed by the City Council. Single family residential Lots shall be further classified based on the front footage of the Lot as determined by the Administrator and confirmed by the City Council. Improvement Area #1 has Lot Types classified as 35 ft, 50 ft, 60 ft, 70 ft, and 100 ft front footage lots. Improvement Area #2 will have six Lot Types classified as Townhome, Garden Home, and 35 ft, 50 ft, 60 ft, and 70 ft front footage lots. Improvement MuniCap |11 Area #3 will have 7 Lot Types classified as Townhome (25’-33’), 4-pack, and 35 ft, 50 ft, 55 ft, 60 ft, and 70 ft front footage lots. Improvement Area #4 will have 9 Lot Types classified as One- acre Custom, Townhome (25’-33’), 4-pack, and 35 ft, 50 ft, 55 ft, 60 ft, 70 ft, and 80 ft front footage lots. “Mandatory Prepayment” shall have the meaning set forth in Section VI.G. “Maximum Assessment Per Unit” means, for each Lot Type within an Improvement Area, the Assessment per unit amounts shown in Section IV.H (Table IV-D-2 and Table IV-E-2) of the SAP for Improvement Area #1, the Assessment per unit amounts shown in Section IV.H (Table IV-F- 2 and Table IV-G-2) of the SAP for Improvement Area #2, the Assessment per unit amounts shown in Section IV.H (Table IV-H-2 and Table IV-I-2) of the SAP for Improvement Area #3, and the Assessment per unit amounts shown in Section IV.H (Table IV-J and Table IV-K) of the SAP for Improvement Area #4. “Non-Benefited Property” means Parcels that accrue no special benefit from the Authorized Improvements being funded through the PID, including Public Property and easements that create an exclusive use for a public utility provider. Property identified as Non-Benefited Property at the time the Assessments (i) are imposed or (ii) are reallocated pursuant to a subdivision of a Parcel, is not assessed. Assessed Property converted to Non-Benefited Property, if the Assessments may not be reallocated pursuant to the provisions herein, remains subject to the Assessments and requires the Assessments to be prepaid as provided for in Section VI.H. “Notice of PID Assessment Termination” is defined in Section VIII.B. “Parcel” means property within the PID that is identified by (1) a tax map identification number assigned by the Parker County Appraisal District or the Tarrant Appraisal District, as the case may be, for real property tax purposes, (2) a metes and bounds, (3) lot and block number in a final subdivision plat recorded in the official public records of a County, or (4) any other means determined by the City Council. “PID” is defined in Section I.A. “PID Act” means Chapter 372 of the Texas Local Government Code, as amended. “PID Bonds” mean bonds which may be issued by the City from time to time to finance the acquisition of a portion of the Authorized Improvements. “PID Assessment Notice” means the form of notice required by the PID Act and Section 5.014 of the Texas Property Code, as amended. A copy of the PID Assessment Notice is attached as Appendix C. “PID-Funded Actual Costs” means the Actual Costs to be paid through the PID of a specified portion of the Authorized Improvements, as described in Section III and as shown on Table III-A, Table III-B, Table III-C, and Table III-D. PID-Funded Actual Costs includes all payments for Administrative Expenses. MuniCap |12 “PID Reimbursement Agreement” means collectively or as applicable, the following: a. the Master Reimbursement Agreement, effective as of July 17, 2017 entered into by and between the City and the Developer, pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements and the City agrees to reimburse the Developer for the PID-Funded Actual Costs related to a portion of the Authorized Improvements, with interest, as permitted by the PID Act; b. the Improvement Area #1 Reimbursement Agreement, effective May 2, 2017 entered into by and between the City, QUAIL VALLEY DEVCO I, LLC, and WALSH RANCHES LIMITED PARTNERSHIP, pursuant to which the City agrees to reimburse the PID-Funded Actual Costs related to the Improvement Area #1 Funded Improvements; c. the Improvement Area #2 Reimbursement Agreement, effective September 1, 2020 entered into by and between the City, QUAIL VALLEY DEVCO II, LLC, and WALSH RANCHES LIMITED PARTNERSHIP, pursuant to which the City agrees to reimburse the PID-Funded Actual Costs related to the Improvement Area #2 Funded Improvements; d. the Improvement Area #3 Reimbursement Agreement, effective June 18, 2023 entered into by and between the City, QUAIL VALLEY DEVCO III, LLC, and QUAIL VALLEY DEVCO VLO, LLC, pursuant to which the City agrees to reimburse the PID- Funded Actual Costs related to the Improvement Area #3 Funded Improvements; e. the Improvement Area #4 Reimbursement Agreement, effective ______, 2026 entered into by and between the City, QUAIL VALLEY DEVCO IVB, LLC, QUAIL VALLEY DEVCO V, LLC, and QUAIL VALLEY DEVCO VIA, LLC, pursuant to which the City agrees to reimburse the PID-Funded Actual Costs related to the Improvement Area #4 Funded Improvements; and f. any PID Reimbursement Agreement entered into with respect to any Future Improvement Area, by and between the City and the Developer, pursuant to which the Developer agrees to fund the Actual Costs of all Authorized Improvements in the applicable Future Improvement Area of the District and the City agrees to reimburse the Developer for the PID-Funded Actual Costs of the corresponding Future Improvement Area Improvements, with interest, as permitted by the PID Act. “Prepayment Costs” mean interest and Administrative Expenses, to the extent not paid in an Annual Installment, plus any additional amounts due pursuant to the Indenture related to the PID Bonds, if any, reasonably expected to be incurred by or imposed upon the City as a result of any prepayment of an Assessment and the PID Bonds secured by such Assessment, each to the date of prepayment and to the extent each is allowable by law. “Property” is defined in Section II.A. MuniCap |13 “Public Improvements” mean the Authorized Improvements designed, constructed, and installed in accordance with this SAP for which Assessments are levied against the Assessed Property that receives a special benefit from such improvement. The term includes the Improvement Area #1 Funded Improvements, the Improvement Area #2 Funded Improvements, and the Improvement Area #3 Funded Improvements, and the Improvement Area #4 Funded Improvements. “Public Property” means real property, right-of-way and easements located within the boundaries of the PID owned by or irrevocably offered for dedication to the federal government, the State of Texas, the County, the City, a school district, a public utility provider or any other political subdivision or public agency, whether in fee simple, through an easement, prescription, or by plat. “Service and Assessment Plan” or “SAP” is defined in Section I.A, including updates, modifications, and amendments approved by the City Council from time to time in accordance with the procedures set forth in this SAP and in the PID Act, including updates prepared in connection with the future issuance of PID Bonds, if any, and in connection with any Annual Service Plan Update, and in connection with the approval by the City Council of each Assessment Ordinance. “Trustee” means the trustee as specified in an Indenture, and any successor thereto permitted under such Indenture. (remainder of this page is intentionally left blank) MuniCap |14 II. PROPERTY INCLUDED IN THE PID A. PROPERTY INCLUDED IN THE PID The PID is comprised of the property (the, “Property”) shown in Table II-A. Legal descriptions for all Parcels within the PID are included in Appendix B. The PID, encompassing approximately 1,703.5682 acres, is located within the corporate limits and ETJ of the City. It is anticipated that the Property will be developed in seven phases containing approximately 4,034 single family homes. Table II-A Public Improvement District Boundaries MuniCap |15 B. PROPERTY LOCATED IN IMPROVEMENT AREA #1, IMPROVEMENT AREA #2,IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4 Improvement Area #1 consists of approximately 251.01 acres consisting of 582 single family residential lots, developed in one phase and which are specially benefitted by the Authorized Improvements described in Section III.B. Improvement Area #2 consists of approximately 185.66 acres and projected to consist of 553 single family residential lots, to be developed in one phase and which will be specially benefitted by the Authorized Improvements described in Section III.C. Improvement Area #3 consists of approximately 150.77 acres and projected to consist of 701 single family residential lots, to be developed in one phase and which will be specially benefitted by the Authorized Improvements described in Section III.D. Improvement Area #4 consists of approximately 450.6421 acres and projected to consist of 770 single family residential lots, to be developed in one phase and which will be specially benefitted by the Authorized Improvements described in Section III.E. A map of the property within Improvement Area #1, Improvement Area #2, Improvement Area #3, and Improvement Area #4 is shown in Table II-B. Legal descriptions for all Parcels within the PID are included in Appendix B. (remainder of this page is intentionally left blank) MuniCap |16 Table II-B IA #1, IA #2, IA #3, and IA #4 Boundary C. PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS The Future Improvement Areas are depicted on Table II-C and will include approximately 1,428 single family residential lots As Future Improvement Areas are developed and in connection with MuniCap |17 the issuance of any Future Improvement Area Bonds, this Service and Assessment Plan will be amended to revise the table shown in Section II.B above (e.g. Table II-B will be revised to show the addition of such Future Improvement Area). A map of the projected property within each Future Improvement Area is shown in Table II-C. The Future Improvement Area is shown for illustrative purposes only and is subject to adjustment in the future. Table II-C Proposed Future Improvement Areas MuniCap |18 III. DESCRIPTION OF THE AUTHORIZED IMPROVEMENTS A. AUTHORIZED IMPROVEMENT OVERVIEW Section 372.003 of the PID Act identifies the authorized improvements that a City may choose to undertake with the establishment of a PID. The Authorized Improvements identified in the PID Act include: (i) landscaping; (ii) erection of fountains, distinctive lighting, and signs; (iii) acquiring, constructing, improving, widening, narrowing, closing, or rerouting of sidewalks or of streets, any other roadways, or their rights-of way; (iv) construction or improvement of pedestrian malls; (v) acquisition and installment of pieces of art; (vi) acquisition, construction or improvement of libraries; (vii) acquisition, construction or improvement of off-street parking facilities; (viii) acquisition, construction, improvement or rerouting of mass transportation facilities; (ix) acquisition, construction or improvement of water, wastewater, or drainage facilities or improvements; (x) the establishment or improvement of parks; (xi) projects similar to those listed in Subdivisions (i)-(x) (xii) acquisition, by purchase or otherwise, of real property in connection with an authorized improvement; (xiii) special supplemental services for improvement and promotion of the district, including services relating to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development recreation and cultural enhancement; (xiv) payment of expenses incurred in the establishment, administration and operation of the district; and (xv) development, rehabilitation, or expansion of affordable housing. The City has determined that of the improvements authorized under the PID Act, it will undertake at this time only those Authorized Improvements more particularly described in Section III.B, Section III.C, Section III.D, and Section III-E. Any change to the list of Authorized Improvements, including any Future Improvement Area Improvements as described in Section III.F, will require the approval of the City. B. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #1 FUNDED IMPROVEMENTS The Improvement Area #1 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area #1 and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area #1 Assessments and from the proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all MuniCap |19 Authorized Improvements benefiting Improvement Area #1 are Improvement Area #1 Funded Improvements. The Authorized Improvements benefiting Improvement Area #1 and the Improvement Area #1 Funded Improvements are described below. Table III-A shows the Actual Costs to construct the Authorized Improvements in Improvement Area #1 are $27,477,293 and the PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements are $6,350,000. The PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area #1 Assessment in accordance with the Improvement Area #1 Reimbursement Agreement; (ii) the proceeds of the Improvement Areas #1-3 Bonds; and (iii) funds from any other lawfully available and unencumbered source. The Authorized Improvements constructed in Improvement Area #1 and the Actual Costs thereof and the Improvement Area #1 Funded Improvements and the PID-Funded Actual Costs thereof are described below and are also shown on Table III-A below. Earthwork & Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area #1. The storm drain improvements will be constructed according to City standards, determined in the City’s sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area #1. The water improvements will be constructed according to City standards, determined in the City’s sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes, service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area #1. The wastewater improvements will be constructed according to the City standards, determined in the City’s sole discretion. MuniCap |20 Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals, traffic control devices and a proportional cost of engineering for Improvement Area #1. The road improvements will be constructed according to City standards, determined in the City’s sole discretion. The Authorized Improvements consisting of the roadway improvements and a proportional share of engineering costs are considered Improvement Area #1 Funded Improvements. Open Space and Trail Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area #1. The open space and trail system improvements will be constructed according to City standards, determined in the City’s sole discretion. Table III-A Improvement Area #1 Costs Authorized Improvements Actual Costs Actual Costs Reimbursed by Assessments1 Actual Costs Funded by Developer Authorized Improvements Bonds & Mobilization $233,175 $0 $233,175 Earthwork & Erosion Control Improvements $3,772,522 $0 $3,772,522 Storm Drainage Improvements $2,157,384 $0 $2,157,384 Water Improvements $2,862,099 $0 $2,862,099 Wastewater Improvements $3,249,108 $0 $3,249,108 Roadway Improvements2 $5,725,852 $5,725,852 $0 Open Space & Trail Improvements $3,301,388 $0 $3,301,388 Project Contingency $0 $0 $0 Engineering2 $3,004,337 $624,148 $2,380,189 City Inspection and Fees $1,320,095 $0 $1,320,095 Professional Fees $214,393 $0 $214,393 Construction Fees $1,636,939 $0 $1,636,939 Total Authorized Improvements $27,477,293 $6,350,000 $21,127,293 Note: Actual Costs provided by the Developer. 1 Represents the PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements. Does not include bond issuance costs presented in Table V.D. 2 The Improvement Area #1 Funded Improvements include the roadway improvements and a proportional share of engineering costs. C. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #2 FUNDED IMPROVEMENTS The Improvement Area #2 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area #2 and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area #2 Assessment and from the MuniCap |21 proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all Authorized Improvements benefiting Improvement Area #2 are Improvement Area #2 Funded Improvements. The Authorized Improvements benefiting Improvement Area #2 and the Improvement Area #2 Funded Improvements are described below. Table III-B on the following page shows the Actual Costs to construct the Authorized Improvements in Improvement Area #2 are $27,333,341, and the PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements are $5,850,000. The PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area #2 Assessments in accordance with the Improvement Area #2 Reimbursement Agreement; (ii) the proceeds of the Improvement Areas #1-3 Bonds; and (iii) funds from any other lawfully available and unencumbered source. The Authorized Improvements constructed in Improvement Area #2 and the Actual Costs thereof and the Improvement Area #2 Funded Improvements and the Actual Costs thereof are described below and are also shown on Table III-B on the following page. Earthwork & Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area #2. The storm drain improvements will be constructed according to City standards, determined in the City’s sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area #2. The water improvements will be constructed according to City standards, determined in the City’s sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes, service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area #2. The wastewater improvements will be constructed according to the City standards, determined in the City’s sole discretion. MuniCap |22 Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals and traffic control devices and a proportional cost of engineering for Improvement Area #2. The road improvements will be constructed according to City standards, determined in the City’s sole discretion. The Authorized Improvements consisting of roadway improvements and a proportional share of engineering costs are considered Improvement Area #2 Funded Improvements. Landscaping Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area #2. The open space and trail system improvements will be constructed according to City standards, determined in the City’s sole discretion. Table III-B Improvement Area #2 Costs Authorized Improvements Actual Costs Actual Costs Reimbursed by Assessments1 Actual Costs Funded by Developer Authorized Improvements Bonds & Mobilization $270,616 $0 $270,616 Earthwork & Erosion Control Improvements $4,020,550 $0 $4,020,550 Storm Drainage Improvements $2,125,362 $0 $2,125,362 Water Improvements $2,598,771 $0 $2,598,771 Wastewater Improvements $2,341,564 $0 $2,341,564 Roadway Improvements2 $5,132,890 $5,132,890 $0 Landscaping Improvements $5,710,148 $0 $5,710,148 Project Contingency $117,814 $0 $117,814 Engineering2 $3,967,735 $717,110 $3,250,625 Construction Fees $1,047,891 $0 $1,047,891 Total Authorized Improvements $27,333,341 $5,850,000 $21,483,341 Note: Actual Costs provided by the Developer. 1 Represents the PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements. Does not include bond issuance costs presented in Table V.D. 2 The Improvement Area #2 Funded Improvements include the roadway improvements and a proportional share of engineering costs. D. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #3 FUNDED IMPROVEMENTS The Improvement Area #3 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area #3 and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area #3 Assessment and from the proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all Authorized Improvements benefiting Improvement Area #3 are Improvement Area #3 Funded Improvements. MuniCap |23 The Authorized Improvements benefiting Improvement Area #3 and the Improvement Area #3 Funded Improvements are described below. Table III-C on the following page shows the Actual Costs to construct the Authorized Improvements in Improvement Area #3 are $37,191,518, and the PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements are $10,750,000. The PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area #3 Assessments in accordance with the Improvement Area #3 Reimbursement Agreement; (ii) the proceeds of the Improvement Areas #1-3 Bonds; and (iii) funds from any other lawfully available and unencumbered source. The Authorized Improvements constructed in Improvement Area #3 and the Actual Costs thereof and the Improvement Area #3 Funded Improvements and the Actual Costs thereof are described below and are also shown on Table III-C on the following page. Earthwork & Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area #3. The storm drain improvements will be constructed according to City standards, determined in the City’s sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area #3. The water improvements will be constructed according to City standards, determined in the City’s sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes, service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area #3. The wastewater improvements will be constructed according to the City standards, determined in the City’s sole discretion. (remainder of this page is intentionally left blank) MuniCap |24 Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals and traffic control devices for Improvement Area #3. The road improvements will be constructed according to City standards, determined in the City’s sole discretion. A portion of such Authorized Improvements are considered Improvement Area #3 Funded Improvements. Landscaping Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area #3. The open space and trail system improvements will be constructed according to City standards, determined in the City’s sole discretion. Table III-C Improvement Area #3 Costs Authorized Improvements Estimated Costs Actual Costs Reimbursed by Assessments1 Actual Costs Funded by Developer Authorized Improvements Bonds & Mobilization $0 $0 $0 Earthwork & Erosion Control Improvements $3,304,958 $0 $3,304,958 Storm Drainage Improvements $3,337,653 $0 $3,337,653 Water Improvements $3,185,148 $0 $3,185,148 Wastewater Improvements $4,643,234 $0 $4,643,234 Roadway Improvements2 $10,792,203 $10,750,000 $42,203 Landscaping Improvements $3,018,076 $0 $3,018,076 Project Contingency $1,894,872 $0 $1,894,872 Engineering $6,601,380 $0 $6,601,380 Construction Fees $413,995 $0 $413,995 Total Authorized Improvements $37,191,518 $10,750,000 $26,441,518 Note: Actual Costs provided by the Developer. 1 Represents the PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements. Does not include bond issuance costs presented in Table V.D. 2 The Improvement Area #3 Funded Improvements include a portion of the roadway improvements. E. DESCRIPTIONS AND COSTS OF IMPROVEMENT AREA #4 FUNDED IMPROVEMENTS The Improvement Area #4 Funded Improvements are that portion of the Authorized Improvements that confer a special benefit solely on Improvement Area #4 and the costs of which are PID-Funded Actual Costs that will be financed from the Improvement Area #4 Assessment and from the proceeds of PID Bonds, if any, secured by such Assessments. For the avoidance of doubt, not all Authorized Improvements benefiting Improvement Area #4 are Improvement Area #4 Funded Improvements. MuniCap |25 The Authorized Improvements benefiting Improvement Area #4 and the Improvement Area #4 Funded Improvements are described below. Table III-D on the following page shows the Actual Costs to construct the Authorized Improvements in Improvement Area #4 are $62,487,848, and the PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements are $24,190,000. The PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements are to be funded from: (i) the principal portion of the Annual Installments collected from the Improvement Area #4 Assessments in accordance with the Improvement Area #4 Reimbursement Agreement and (ii) funds from any other lawfully available and unencumbered source. The Authorized Improvements constructed in Improvement Area #4 and the Actual Costs thereof and the Improvement Area #4 Funded Improvements and the Actual Costs thereof are described below and are also shown on Table III-D on the following page. Earthwork & Erosion Control Improvements The Erosion and Sedimentation Control Measures (temporary BMPs) of the improvements will include stabilized construction entrances, silt fence located downstream of all disturbed area, rock berms, inlet protection, and protection of mature trees and vegetation. Storm Drainage Improvements The storm drainage improvements consist of the construction of the installation of pipes, inlets, manholes, detention facilities, easements, encasements, and appurtenances necessary to provide storm drainage for streets and surrounding development in Improvement Area #4. The storm drain improvements will be constructed according to City standards, determined in the City’s sole discretion. Water Improvements The water improvements consist of the construction of the installation of pipes, valves, blow-off and air release valves, easements, encasements, and appurtenances necessary to provide a water distribution system for Improvement Area #4. The water improvements will be constructed according to City standards, determined in the City’s sole discretion. Wastewater Improvements The wastewater improvements consist of the construction of the installation of pipes, service lines, manholes, force mains, lift stations, easements encasements, and appurtenances necessary to provide sanitary service for Improvement Area #4. The wastewater improvements will be constructed according to the City standards, determined in the City’s sole discretion. Roadway Improvements The roadway improvements consist of the construction of road and thoroughfare improvements, including related earthwork, retaining walls to support the roadways, signage, traffic signals and traffic control devices for Improvement Area #4. The road improvements will be constructed MuniCap |26 according to City standards, determined in the City’s sole discretion. A portion of such Authorized Improvements consisting of roadway improvements are considered Improvement Area #4 Funded Improvements. Landscaping Improvements The open space and trail improvements consist of the construction of park facilities, playground equipment, restrooms, landscape, irrigation, and hike/bike trails to serve Improvement Area #4. The open space and trail system improvements will be constructed according to City standards, determined in the City’s sole discretion. Table III-D Improvement Area #4 Costs Authorized Improvements Estimated Costs Actual Costs to be Reimbursed by Assessments1 Actual Costs Funded by Developer Authorized Improvements Bonds & Mobilization $1,401,340 $0 $1,401,340 Earthwork & Erosion Control Improvements $1,471,127 $0 $1,471,127 Storm Drainage Improvements $7,489,101 $0 $7,489,101 Water Improvements $8,981,253 $0 $8,981,253 Wastewater Improvements $10,238,564 $0 $10,238,564 Roadway Improvements2 $26,084,284 $24,190,000 $1,894,284 Landscaping Improvements $984,850 $0 $984,850 Project Contingency $1,559,021 $0 $1,559,021 Engineering $4,151,308 $0 $4,151,308 Construction Fees $127,000 $0 $127,000 Total Authorized Improvements $62,487,848 $24,190,000 $38,297,848 Note: Actual Costs provided by the Developer. 1 Represents the PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements. 2 The Improvement Area #4 Funded Improvements includes a portion of the roadway improvements. F. FUTURE IMPROVEMENT AREA IMPROVEMENTS As Future Improvement Areas are developed and Assessments are levied against the property within the Future Improvement Areas and/or Future Improvement Area Bonds are issued, this SAP will be amended to identify the specific Future Improvement Area Improvements that confer a special benefit to the property inside each Future Improvement Area (e.g. a Table III-E will be added to show the costs for the specific Future Improvement Area Improvements financed within the specific Future Improvement Area being developed.) G. PID ASSESSMENT NOTICE The PID Act requires that this SAP and each Annual Service Plan Update include a copy of the notice form required by Section 5.014 of the Texas Property Code. The PID Assessment Notice is attached hereto as Appendix C and may be updated in an Annual Service Plan Update. MuniCap |27 IV. ASSESSMENT PLAN A. INTRODUCTION The PID Act requires the City Council to apportion the PID-Funded Actual Costs of the Authorized Improvements to be funded through the PID based on the special benefits conferred on each Parcel from the Authorized Improvements. The PID Act provides that the PID-Funded Actual Costs may be assessed: (i) equally per front foot or square foot; (ii) according to the value of the property as determined by the governing body, with or without regard to improvements on the property; or (iii) in any other manner that results in imposing equal shares of the cost on property similarly benefited. The PID Act further provides that the City Council may establish the methods of assessing the special benefits for various classes of improvements. Table IV-A details the allocation of PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements to the Improvement Area #1 Assessed Property. Table IV-B details the allocation of PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements to the Improvement Area #2 Assessed Property. Table IV-C details the allocation of PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements to the Improvement Area #3 Assessed Property. Table IV-D details the allocation of PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements to the Improvement Area #4 Assessed Property. This Section IV is intended to: (1) describe the special benefit conferred upon each Parcel within Improvement Area #1, Improvement Area #2, Improvement Area #3, and Improvement Area #4 as a result of the Improvement Area #1 Funded Improvements, Improvement Area #2 Funded Improvements, Improvement Area #3 Funded Improvements and Improvement Area #4 Funded Improvements; (2) provide the basis and justification for the determination by the City Council that these special benefits exceed the amount of the applicable Assessments levied; and (3) explain the methodologies by which the City Council allocates and reallocates the special benefits of the Improvement Area #1 Funded Improvements, Improvement Area #2 Funded Improvements, Improvement Area #3 Funded Improvements, and Improvement Area #4 Funded Improvements, to Parcels so that equal shares of the PID-Funded Actual Costs being apportioned to Parcels that are similarly benefited. The determination by the City Council of the assessment methodologies set forth in this Section IV is the result of the discretionary exercise by the City Council of its legislative authority and governmental powers, consistent with the PID Act, and is conclusive and binding on the Developer and all future owners and developers of any Assessed Property. B. SPECIAL BENEFIT The Assessed Property must receive a direct and special benefit from the Authorized Improvements being funded through the PID that is equal to or greater than the amount of the Assessments. The Improvement Area #1 Funded Improvements are provided solely for the benefit of the Improvement Area #1 Assessed Property, and the benefit received from such Improvement Area #1 Funded Improvements must be equal to or greater than the Improvement Area #1 Assessment. The Improvement Area #2 Funded Improvements are provided solely for the benefit of the Improvement Area #2 Assessed Property, and the benefit received from such Improvement MuniCap |28 Area #2 Funded Improvements must be equal to or greater than the Improvement Area #2 Assessment. The Improvement Area #3 Funded Improvements are provided solely for the benefit of the Improvement Area #3 Assessed Property, and the benefit received from such Improvement Area #3 Funded Improvements must be equal to or greater than the Improvement Area #3 Assessment. The Improvement Area #4 Funded Improvements are provided solely for the benefit of the Improvement Area #4 Assessed Property, and the benefit received from such Improvement Area #4 Funded Improvements must be equal to or greater than the Improvement Area #4 Assessment. When the City Council approved this SAP for Improvement Area #1, the Developer owned 100% of the Improvement Area #1 Assessed Property. The Developer: (i) has acknowledged that the Improvement Area #1 Funded Improvements confer a special benefit on the Improvement Area #1 Assessed Property; and (ii) has consented to the imposition of the Assessments to pay for the PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements and Improvement Area #2 Funded Improvements. When the City Council approved this SAP for Improvement Area #2, the Developer owned 65.4% of the Improvement Area #2 Assessed Property. The Developer: (i) has acknowledged the Improvement Area #2 Funded Improvements confer a special benefit on the Improvement Area #2 Assessed Property; (ii) has consented to the imposition of the Improvement Area #2 Assessments to pay for the PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements; and (iii) has consented to pay in full the amount of any Improvement Area #2 Assessments on each Lot that have closed with homebuyers as of the date of the levy of the Improvement Area #2 Assessments. When the City Council approved this SAP for Improvement Area #3, the Developer owned 100% of the Improvement Area #3 Assessed Property. The Developer: (i) has acknowledged the Improvement Area #3 Funded Improvements confer a special benefit on the Improvement Area #3 Assessed Property; (ii) has consented to the imposition of the Improvement Area #3 Assessments to pay for the PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements; and (iii) has consented to pay in full the amount of any Improvement Area #3 Assessments on each Lot that have closed with homebuyers as of the date of the levy of the Improvement Area #3 Assessments. When the City Council approves this SAP for Improvement Area #4, the Developer, or a merchant homebuilder under contract with the Developer, will own 100% of the Improvement Area #4 Assessed Property. The Developer and each merchant homebuilder: (i) have acknowledged the Improvement Area #4 Funded Improvements confer a special benefit on the Improvement Area #4 Assessed Property; (ii) have consented to the imposition of the Improvement Area #4 Assessments to pay for the PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements; and (iii) have consented to pay in full the amount of any Improvement Area #4 Assessments on each Lot that have closed with homebuyers as of the date of the levy of the Improvement Area #4 Assessments. If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner, but in no event will such new allocation MuniCap |29 increase the Maximum Assessment Per Unit for each Parcel as identified in Table IV-D-2, Table IV-F-2, Table IV-H-2, and Table IV-J. If the Assessment for the Assessed Property prior to subdivision exceeds the sum of the Assessments for all newly divided Assessed Properties after such reallocation, the excess amount shall be prepaid as a Mandatory Prepayment as provided under Section VI.H herein. The City Council determined that funding the PID-Funded Actual Costs through the PID is beneficial to the City and confers a special benefit on the Improvement Area #1 Assessed Property, Improvement Area #2 Assessed Property, Improvement Area #3 Assessed Property, and Improvement Area #4 Assessed Property. The City Council has also determined that the special benefit from Improvement Area #1 Funded Improvements, Improvement Area #2 Funded Improvements, Improvement Area #3 Funded Improvements, and Improvement Area #4 Funded Improvements exceeds the amount of the Improvement Area #1 Assessment, the Improvement Area #2 Assessment, the Improvement Area #3 Assessment, the Improvement Area #4 Assessment, respectively. This conclusion is supported by the evidence, information, and testimony provided to the City Council. C. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #1 FUNDED IMPROVEMENTS The Improvement Area #1 Funded Improvements will provide a special benefit Improvement Area #1 Assessed Property. The PID-Funded Actual Costs of the Improvement Area #1 Funded Improvements are, therefore, allocated entirely to the Improvement Area #1 Assessed Property as shown in Table IV-A. Table IV-A Cost Allocation of Improvement Area #1 - Updated Authorized Improvements Total Costs1 % Allocation Share of Costs PID Funded Costs Authorized Improvements Bonds & Mobilization $233,175 0% $0 $0 Earthwork & Erosion Control Improvements $3,772,522 0% $0 $0 Storm Drainage Improvements $2,157,384 0% $0 $0 Water Improvements $2,862,099 0% $0 $0 Wastewater Improvements $3,249,108 0% $0 $0 Roadway Improvements2,3 $5,725,852 100.00% $5,725,852 $5,725,852 Open Space & Trail Improvements3 $3,301,388 0% $0 $0 Project Contingency $0 0% $0 $0 Engineering $3,004,337 20.77% $624,148 $624,148 City Inspection and Fees $1,320,095 0% $0 $0 Professional Fees $214,393 0% $0 $0 Construction Fees $1,636,939 0% $0 $0 Total Authorized Improvements $27,477,293 $6,350,000 $6,350,000 1See Table III-A for details. 2The PID-Funded Actual Costs represent the Actual Costs to be funded through the PID prior to the issuance of the Improvement Areas #1- 3 Bonds. 3The Improvement Area #1 Funded Improvements include the roadway improvements and a proportional share of engineering costs. MuniCap |30 D. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #2 FUNDED IMPROVEMENTS The Improvement Area #2 Funded Improvements will provide a special benefit to the Improvement Area #2 Assessed Property. The PID-Funded Actual Costs of the Improvement Area #2 Funded Improvements are, therefore, allocated entirely to the Improvement Area #2 Assessed Property as shown in Table IV-B. Table IV-B Cost Allocation of Improvement Area #2 - Updated Authorized Improvements Total Costs1 % Allocation Share of Costs PID Funded Costs Authorized Improvements Bonds & Mobilization $270,616 0% $0 $0 Earthwork & Erosion Control Improvements $4,020,550 0% $0 $0 Storm Drainage Improvements $2,125,362 0% $0 $0 Water Improvements $2,598,771 0% $0 $0 Wastewater Improvements $2,341,564 0% $0 $0 Roadway Improvements2,3 $5,132,890 100.00% $5,132,890 $5,132,890 Landscaping Improvements3 $5,710,148 0% $0 $0 Project Contingency $117,814 0% $0 $0 Engineering $3,967,735 18.07% $717,110 $717,110 Construction Fees $1,047,891 0% $0 $0 Total Authorized Improvements $27,333,341 $5,850,000 $5,850,000 1See Table III-B for details. 2The PID-Funded Actual Costs represent the Actual Costs to be funded through the PID prior to the issuance of the Improvement Areas #1-3 Bonds. 3The Improvement Area #2 Funded Improvements include a portion of the roadway improvements and a proportional share of engineering costs. E. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #3 FUNDED IMPROVEMENTS The Improvement Area #3 Funded Improvements will provide a special benefit to Improvement Area #3 Assessed Property. The PID-Funded Actual Costs of the Improvement Area #3 Funded Improvements are, therefore, allocated entirely to the Improvement Area #3 Assessed Property as shown in Table IV-C on the following page. (remainder of this page intentionally left blank) MuniCap |31 Table IV-C Cost Allocation of Improvement Area #3 Authorized Improvements Total Costs1 % Allocation Share of Costs PID Funded Costs Authorized Improvements Bonds & Mobilization $0 0% $0 $0 Earthwork & Erosion Control Improvements $3,304,958 0% $0 $0 Storm Drainage Improvements $3,337,653 0% $0 $0 Water Improvements $3,185,148 0% $0 $0 Wastewater Improvements $4,643,234 0% $0 $0 Roadway Improvements2,3 $10,792,203 99.61% $10,750,000 $10,750,000 Landscaping Improvements3 $3,018,076 0% $0 $0 Project Contingency $1,894,872 0% $0 $0 Engineering $6,601,380 0% $0 $0 Construction Fees $413,995 0% $0 $0 Total Authorized Improvements $37,191,518 $10,750,000 $10,750,000 1See Table III-C for details. 2The PID-Funded Actual Costs represent the Actual Costs to be funded through the PID prior to the issuance of the Improvement Areas #1-3 Bonds. 3The Improvement Area #3 Funded Improvements include a portion of the roadway improvements. F. ALLOCATION OF ACTUAL COSTS OF IMPROVEMENT AREA #4FUNDED IMPROVEMENTS The Improvement Area #4 Funded Improvements will provide a special benefit to Improvement Area #4 Assessed Property. The PID-Funded Actual Costs of the Improvement Area #4 Funded Improvements are, therefore, allocated entirely to the Improvement Area #4 Assessed Property as shown in Table IV-D on the following page. (remainder of this page intentionally left blank) MuniCap |32 Table IV-D Cost Allocation of Improvement Area #4 Authorized Improvements Total Costs1 % Allocation Share of Costs PID Funded Costs Authorized Improvements Bonds & Mobilization $1,401,340 0% $0 $0 Earthwork & Erosion Control Improvements $1,471,127 0% $0 $0 Storm Drainage Improvements $7,489,101 0% $0 $0 Water Improvements $8,981,253 0% $0 $0 Wastewater Improvements $10,238,564 0% $0 $0 Roadway Improvements2,3 $26,084,284 92.74% $24,190,000 $24,190,000 Landscaping Improvements3 $984,850 0% $0 $0 Project Contingency $1,559,021 0% $0 $0 Engineering $4,151,308 0% $0 $0 Construction Fees $127,000 0% $0 $0 Total Authorized Improvements $62,487,848 $24,190,000 $24,190,000 1See Table III-D for details. 2The PID-Funded Actual Costs represent the Actual Costs to be funded through the PID prior to the creation of the obligation under the Improvement Area #4 Reimbursement Agreement. 3The Improvement Area #4 Funded Improvements include a portion of the roadway improvements. G. ALLOCATION OF ACTUAL COSTS OF FUTURE IMPROVEMENT AREA IMPROVEMENTS As Future Improvement Areas are developed and Assessments are levied against the property within the Future Improvement Areas and/or Future Improvement Area Bonds are issued, this SAP will be amended to identify the specific Future Improvement Area Improvements that confer a special benefit to the property inside such Future Improvement Areas (e.g. Table IV-D will be created and amended to show the allocation of Actual Costs for Future Improvement Area Improvements.) H. ASSESSMENT METHODOLOGY The City Council may assess the PID-Funded Actual Costs against Assessed Property so long as the special benefit conferred upon the Assessed Property by the corresponding Authorized Improvements equals or exceeds the amount of the Assessments. The PID-Funded Actual Costs may be assessed using any methodology that results in the imposition of equal shares of the PID- Funded Actual Costs on Assessed Property similarly benefited. Assessment Methodology for Improvement Area #1 For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area #1 Funded Improvements shall be allocated to the Improvement Area #1 Assessed Property by spreading the entire Improvement Area #1 Assessment across all Lots of Improvement Area #1 Assessed Property based on the ratio of the estimated build out value of each Lot to the total estimated build out value for all Parcels within the Improvement Area #1 Assessed Property. The assessment methodology described in this MuniCap |33 section is summarized in Table IV-D-1 and Table IV-D-2. Table IV-D-1 and Table IV-D-2 also summarizes for each Lot Type of Improvement Area #1 Assessed Property: (1) the Improvement Area #1 Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-E-1 and Table IV-E-2 also summarizes for each Lot Type of Improvement Area #1Assessed Property: (1) the estimated finished lot to Improvement Area #1 Assessment ratio and (2) the estimated completed home price to Improvement Area #1 Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area #1 Funded Improvements, the City Council has determined that the benefit to the Improvement Area #1 Assessed Property from the Improvement Area #1 Funded Improvements is at least equal to the Improvement Area #1 Assessments. The Improvement Area #1 Assessments and Annual Installments for each Lot of Improvement Area #1 Assessed Property are shown on the Improvement Area #1 Assessment Roll attached as Appendix A-1, and no such Improvement Area #1 Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-D-1 and Table IV-E-1 summarize the initial allocation of the Improvement Area #1 Assessment at the time the Improvement Area #1 Assessment Ordinance was adopted by the City Council. The information in Table IV-D-2 and Table IV-E-2 may be updated in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID, including in connection with the issuance of the Improvement Areas #1-3 Bonds. Table IV-D-1 Improvement Area #1 Original Assessment Allocation Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #1 Assessment Initial Annual Installment Maximum Assessment Per Unit Initial Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 28 $53,410 $286,900 $8,033,200 $192,408 $14,466 $6,872 $517 $0.97 $0.18 50' 239 $72,856 $356,700 $85,251,300 $2,041,909 $153,516 $8,544 $642 $0.88 $0.18 60' 182 $89,479 $439,000 $79,898,000 $1,913,688 $143,876 $10,515 $791 $0.88 $0.18 70' 98 $113,861 $559,500 $54,831,000 $1,313,293 $98,737 $13,401 $1,008 $0.88 $0.18 Custom 40 $170,000 $927,600 $37,104,000 $888,702 $66,815 $22,218 $1,670 $0.98 $0.18 Total 587 $265,117,500 $6,350,000 $477,409 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 6.00% for the first two (2) years and 5.00% for the next four (4) years for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-D-2 summarizes allocation of the current outstanding Improvement Area #1 Assessment. MuniCap |34 Table IV-D-2 Improvement Area #1 Outstanding Assessment Allocation Lot Size Units1 Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #1 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 28 $53,410 $286,900 $8,033,200 $154,847 $14,467 $5,530 $517 $0.97 $0.18 50' 228 $72,856 $356,700 $81,124,059 $1,563,740 $146,100 $6,876 $642 $0.88 $0.18 60' 164 $89,479 $439,000 $71,996,000 $1,387,788 $129,660 $8,462 $791 $0.88 $0.18 70' 105 $113,861 $559,500 $58,747,500 $1,132,411 $105,801 $10,785 $1,008 $0.88 $0.18 Custom 40 $170,000 $927,600 $37,104,000 $715,213 $66,822 $17,880 $1,671 $0.98 $0.18 Total 565 $257,004,759 $4,954,000 $462,850 Note: 1 – The number of Lots in Improvement Area #1 was reduced from 587 to 582. The number of units excludes 17 fully prepaid Lots. 50’ lot count includes one (1) partially prepaid Lot. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-E-1 below summarizes estimated value to assessment ratio based on the original Improvement Area #1 Assessment. Table IV-E-1 Improvement Area #1 Estimated Value to Assessment Ratios – Original Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #1 Assessment Initial Year Annual Installment Maximum Assessment Per Unit Initial Year Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 28 $53,410 $286,900 $8,033,200 $192,408 $14,466 $6,872 $517 7.77 41.75 50' 239 $72,856 $356,700 $85,251,300 $2,041,909 $153,516 $8,544 $642 8.53 41.75 60' 182 $89,479 $439,000 $79,898,000 $1,913,688 $143,876 $10,515 $791 8.51 41.75 70' 98 $113,861 $559,500 $54,831,000 $1,313,293 $98,737 $13,401 $1,008 8.50 41.75 Custom 40 $170,000 $927,600 $37,104,000 $888,702 $66,815 $22,218 $1,670 7.65 41.75 Total 587 $265,117,500 $6,350,000 $477,409 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 6.00% for the first two (2) years and 5.00% for the next four (4) years for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-E-2 on the following page summarizes estimated value to assessment ratio based on the current outstanding Improvement Area #1 Assessment. (remainder of this page intentionally left blank) MuniCap |35 Table IV-E-2 Improvement Area #1 Estimated Value to Assessment Ratios – Outstanding Lot Size Units1 Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #1 Assessment Average Year Annual Installment Maximum Assessment Per Unit Average Year Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 28 $53,410 $286,900 $8,033,200 $154,847 $14,467 $5,530 $517 9.66 51.88 50' 228 $72,856 $356,700 $81,124,059 $1,563,740 $146,100 $6,876 $642 10.60 51.88 60' 164 $89,479 $439,000 $71,996,000 $1,387,788 $129,660 $8,462 $791 10.57 51.88 70' 105 $113,861 $559,500 $58,747,500 $1,132,411 $105,801 $10,785 $1,008 10.56 51.88 Custom 40 $170,000 $927,600 $37,104,000 $715,213 $66,822 $17,880 $1,671 9.51 51.88 Total 565 $257,004,759 $4,954,000 $462,850 Note: 1 - The number of Lots in Improvement Area #1 was reduced from 587 to 582. The number of units excludes 17 fully prepaid Lots. 50’ lot count includes one (1) partially prepaid Lot. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Assessment Methodology for Improvement Area #2 For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area #2 Funded Improvements shall be allocated to the Improvement Area #2 Assessed Property by spreading the entire Improvement Area #2 Assessment across all Lots of Improvement Area #2 Assessed Property based on the ratio of the estimated build out value of each Lot to the total estimated build out value for all Parcels within Improvement Area #2 Assessed Property. The assessment methodology described in this section is summarized in Table IV-F-1 and Table IV-F-2. Table IV-F-1 and Table IV-F-2 also summarizes for each Lot Type of Improvement Area #2 Assessed Property: (1) the Improvement Area #2 Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-G-1 and Table IV-G-2 also summarizes for each Lot Type of Improvement Area #2 Assessed Property: (1) the estimated finished lot to Improvement Area #2 Assessment ratio and (2) the estimated completed home price to Improvement Area #2 Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area #2 Funded Improvements, the City Council has determined that the benefit to the Improvement Area #2 Assessed Property from the Improvement Area #2 Funded Improvements is at least equal to the Improvement Area #2 Assessments. The Improvement Area #2 Assessments and Annual Installments for each Lot of Improvement Area #2 Assessed Property are shown on the Improvement Area #2 Assessment Roll attached as Appendix A-2, and no such Improvement Area #2 Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-F-1 and Table IV-G-1 summarize the initial allocation of the Improvement Area #2 Assessment at the time the Improvement Area #2 Assessment Ordinance was adopted by the City Council. The information in Table IV-F-2 and MuniCap |36 Table IV-G-2 may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID. Table IV-F-1 Improvement Area #2 Original Assessment Allocation Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #2 Assessment Initial Annual Installment Maximum Assessment Per Unit Initial Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 61 $55,040 $315,000 $19,215,000 $463,987 $33,292 $7,606 $546 $0.99 $0.17 50' 152 $72,740 $415,000 $63,080,000 $1,523,200 $109,294 $10,021 $719 $0.99 $0.17 60' 165 $88,430 $505,000 $83,325,000 $2,012,058 $144,371 $12,194 $875 $0.99 $0.17 70’ 67 $114,530 $655,000 $43,885,000 $1,059,696 $76,036 $15,816 $1,135 $0.99 $0.17 Townhome 96 $52,090 $310,000 $29,760,000 $718,618 $51,563 $7,486 $537 $1.03 $0.17 Garden Home 12 $40,000 $250,000 $3,000,000 $72,441 $5,198 $6,037 $433 $1.08 $0.17 Total 553 $242,265,000 $5,850,000 $419,754 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 4.62% for the first four years for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-F-2 summarizes allocation of the current outstanding Improvement Area #2 Assessment. Table IV-F-2 Improvement Area #2 Outstanding Assessment Allocation Lot Size Units1 Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #2 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100) Completed Home Value 35' 52 $55,040 $315,000 $16,380,000 $298,259 $28,380 $5,736 $546 $0.99 $0.17 50' 145 $72,740 $415,000 $60,175,000 $1,095,710 $104,261 $7,557 $719 $0.99 $0.17 60' 156 $88,430 $505,000 $78,780,000 $1,434,483 $136,496 $9,195 $875 $0.99 $0.17 70’ 61 $114,530 $655,000 $39,955,000 $727,529 $69,227 $11,927 $1,135 $0.99 $0.17 Townhome 94 $52,090 $310,000 $29,140,000 $530,602 $50,489 $5,645 $537 $1.03 $0.17 Garden Home 8 $40,000 $250,000 $2,000,000 $36,417 $3,465 $4,552 $433 $1.08 $0.17 Total 516 $226,430,000 $4,123,000 $392,318 Note: 1 - The number of units excludes 37 fully prepaid Lots. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. MuniCap |37 Table IV-G-1 below summarizes estimated value to assessment ratio based on the original Improvement Area #2 Assessment. Table IV-G-1 Improvement Area #2 Estimated Value to Assessment Ratios - Original Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #2 Assessment Initial Annual Installment Maximum Assessment Per Unit Initial Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 61 $55,040 $315,000 $19,215,000 $463,987 $33,292 $7,606 $546 7.24 41.41 50' 152 $72,740 $415,000 $63,080,000 $1,523,200 $109,294 $10,021 $719 7.26 41.41 60' 165 $88,430 $505,000 $83,325,000 $2,012,058 $144,371 $12,194 $875 7.25 41.41 70’ 67 $114,530 $655,000 $43,885,000 $1,059,696 $76,036 $15,816 $1,135 7.24 41.41 Townhome 96 $52,090 $310,000 $29,760,000 $718,618 $51,563 $7,486 $537 6.96 41.41 Garden Home 12 $40,000 $250,000 $3,000,000 $72,441 $5,198 $6,037 $433 6.63 41.41 Total 553 $242,265,000 $5,850,000 $419,754 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 4.62% for the first four years for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-G-2 below summarizes estimated value to assessment ratio based on the current outstanding Improvement Area #2 Assessment. Table IV-G-2 Improvement Area #2 Estimated Value to Assessment Ratios - Outstanding Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #2 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 52 $55,040 $315,000 $16,380,000 $298,259 $28,380 $5,736 $546 9.60 54.92 50' 145 $72,740 $415,000 $60,175,000 $1,095,710 $104,261 $7,557 $719 9.63 54.92 60' 156 $88,430 $505,000 $78,780,000 $1,434,483 $136,496 $9,195 $875 9.62 54.92 70’ 61 $114,530 $655,000 $39,955,000 $727,529 $69,227 $11,927 $1,135 9.60 54.92 Townhome 94 $52,090 $310,000 $29,140,000 $530,602 $50,489 $5,645 $537 9.23 54.92 Garden Home 8 $40,000 $250,000 $2,000,000 $36,417 $3,465 $4,552 $433 8.79 54.92 Total 516 $226,430,000 $4,123,000 $392,318 Note: 1 - The number of units excludes prepaid Lots. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Assessment Methodology for Improvement Area #3 For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area #3 Funded Improvements shall be allocated to the MuniCap |38 Improvement Area #3 Assessed Property by spreading the entire Improvement Area #3 Assessment across all Lots of Improvement Area #3 Assessed Property based on the ratio of the estimated build out value of each Lot to the total estimated build out value for all Parcels within Improvement Area #3 Assessed Property. The assessment methodology described in this section is summarized in Table IV-H-1 and Table IV-H-2. Table IV-H-1 and Table IV-H-2 also summarizes for each Lot Type of Improvement Area #3 Assessed Property: (1) the Improvement Area #3 Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-I-1 and Table IV-I-2 also summarizes for each Lot Type of Improvement Area #3 Assessed Property: (1) the estimated finished lot to Improvement Area #3 Assessment ratio and (2) the estimated completed home price to Improvement Area #3 Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area #3 Funded Improvements, the City Council has determined that the benefit to the Improvement Area #3 Assessed Property from the Improvement Area #3 Funded Improvements is at least equal to the Improvement Area #3 Assessments. The Improvement Area #3 Assessments and Annual Installments for each Lot of Improvement Area #3 Assessed Property are shown on the Improvement Area #3 Assessment Roll attached as Appendix A-3, and no such Improvement Area #3 Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-H-1 and Table IV-I-1 summarize the initial allocation of the Improvement Area #3 Assessment at the time the Improvement Area #3 Assessment Ordinance was adopted by the City Council. The information in Table IV-H-2 and Table IV-I-2 may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID. (remainder of this page intentionally left blank) MuniCap |39 Table IV-H-1 Improvement Area #3 Original Assessment Allocation Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #3 Assessment Initial Annual Installment Maximum Assessment Per Unit Initial Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 78 $67,701 $550,000 $42,900,000 $997,991 $76,010 $12,795 $974 $1.44 $0.18 50' 139 $94,411 $656,667 $91,276,667 $2,123,387 $161,723 $15,276 $1,163 $1.23 $0.18 55' 105 $92,400 $665,000 $69,825,000 $1,624,353 $123,715 $15,470 $1,178 $1.28 $0.18 60' 115 $111,600 $758,333 $87,208,333 $2,028,744 $154,514 $17,641 $1,344 $1.20 $0.18 70' 88 $122,898 $903,333 $79,493,333 $1,849,269 $140,845 $21,014 $1,601 $1.30 $0.18 Townhome (25'-33') 140 $52,447 $550,000 $77,000,000 $1,791,266 $136,427 $12,795 $974 $1.86 $0.18 4-Pack 36 $51,750 $400,000 $14,400,000 $334,990 $25,514 $9,305 $709 $1.37 $0.18 Total 701 $462,103,333 $10,750,000 $818,747 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 5.55% for the first initial year for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-H-2 summarizes allocation of the current outstanding Improvement Area #3 Assessment. Table IV-H-2 Improvement Area #3 Outstanding Assessment Allocation Lot Size Units1 Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #3 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 78 $67,701 $550,000 $42,900,000 $847,861 $76,097 $10,870 $976 $1.44 $0.1773818 50' 138 $94,411 $656,667 $90,620,000 $1,790,982 $160,743 $12,978 $1,165 $1.23 $0.18 55' 105 $92,400 $665,000 $69,825,000 $1,379,997 $123,857 $13,143 $1,180 $1.28 $0.18 60' 115 $111,600 $758,333 $87,208,333 $1,723,555 $154,692 $14,987 $1,345 $1.21 $0.18 70' 88 $122,898 $903,333 $79,493,333 $1,571,078 $141,007 $17,853 $1,602 $1.30 $0.18 Townhome (25'-33') 139 $52,447 $550,000 $76,450,000 $1,510,931 $135,608 $10,870 $976 $1.86 $0.18 4-Pack 36 $51,750 $400,000 $14,400,000 $284,597 $25,543 $7,905 $710 $1.37 $0.18 Total 699 $460,896,667 $9,109,000 $817,547 Note: 1 - The number of units excludes two (2) prepaid Lots. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. MuniCap |40 Table IV-I-1 below summarizes estimated value to assessment ratio based on the original Improvement Area #3 Assessment. Table IV-I-1 Improvement Area #3 Estimated Value to Assessment Ratios - Original Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #3 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 78 $67,701 $550,000 $42,900,000 $997,991 $76,010 $12,795 $974 5.29 42.99 50' 139 $94,411 $656,667 $91,276,667 $2,123,387 $161,723 $15,276 $1,163 6.18 42.99 55' 105 $92,400 $665,000 $69,825,000 $1,624,353 $123,715 $15,470 $1,178 5.97 42.99 60' 115 $111,600 $758,333 $87,208,333 $2,028,744 $154,514 $17,641 $1,344 6.33 42.99 70' 88 $122,898 $903,333 $79,493,333 $1,849,269 $140,845 $21,014 $1,601 5.85 42.99 Townhome (25'-33') 140 $52,447 $550,000 $77,000,000 $1,791,266 $136,427 $12,795 $974 4.10 42.99 4-Pack 36 $51,750 $400,000 $14,400,000 $334,990 $25,514 $9,305 $709 5.56 42.99 Total 701 $462,103,333 $10,750,000 $818,747 Note: Estimates are based on information available as of the date the original SAP was adopted by the City Council. The above estimate uses an average interest rate of 5.55% for the first initial year for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-I-2 below summarizes estimated value to assessment ratio based on the outstanding Improvement Area #3 Assessment. Table IV-I-2 Improvement Area #3 Estimated Value to Assessment Ratios - Outstanding Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #3 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 78 $67,701 $550,000 $42,900,000 $847,861 $76,097 $10,870 $976 6.23 50.60 50' 138 $94,411 $656,667 $90,620,000 $1,790,982 $160,743 $12,978 $1,165 7.27 50.60 55' 105 $92,400 $665,000 $69,825,000 $1,379,997 $123,857 $13,143 $1,180 7.03 50.60 60' 115 $111,600 $758,333 $87,208,333 $1,723,555 $154,692 $14,987 $1,345 7.45 50.60 70' 88 $122,898 $903,333 $79,493,333 $1,571,078 $141,007 $17,853 $1,602 6.88 50.60 Townhome (25'-33') 139 $52,447 $550,000 $76,450,000 $1,510,931 $135,608 $10,870 $976 4.82 50.60 4-Pack 36 $51,750 $400,000 $14,400,000 $284,597 $25,543 $7,905 $710 6.55 50.60 Total 699 $460,896,667 $9,109,000 $817,547 Note: 1 - The number of units excludes two (2) prepaid Lot. The above uses an average interest rate of 4.65% on the Improvement Areas #1-3 Bonds for the remaining 20-year term for the collection of PID assessments. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. (remainder of this page intentionally left blank) MuniCap |41 Assessment Methodology for Improvement Area #4 For purposes of this SAP, the City Council has determined that the PID-Funded Actual Costs of the portion of the Improvement Area #4 Funded Improvements shall be allocated to the Improvement Area #4 Assessed Property by spreading the entire Improvement Area #4 Assessment across all Lots of Improvement Area #4 Assessed Property based on the ratio of the estimated build out value of each Lot to the total estimated build out value for all Parcels within Improvement Area #4 Assessed Property. The assessment methodology described in this section is summarized in Table IV-J. Table IV-J also summarizes for each Lot Type of Improvement Area #4 Assessed Property: (1) the Improvement Area #4 Assessment for each Lot Type; (2) the Annual Installment for each Lot Type; and (3) the equivalent tax rate for each Lot Type based on estimated finished lot value and estimated completed home price. This assessment methodology is anticipated to be used for each Future Improvement Area, subject to the approval of the City Council. Table IV-K also summarizes for each Lot Type of Improvement Area #4 Assessed Property: (1) the estimated finished lot to Improvement Area #4 Assessment ratio and (2) the estimated completed home price to Improvement Area #4 Assessment ratio. Based on the PID-Funded Actual Costs for the Improvement Area #4 Funded Improvements, the City Council has determined that the benefit to the Improvement Area #4 Assessed Property from the Improvement Area #4 Funded Improvements is at least equal to the Improvement Area #4 Assessments. The Improvement Area #4 Assessments and Annual Installments for each Lot of Improvement Area #4 Assessed Property are shown on the Improvement Area #4 Assessment Roll attached as Appendix A-4, and no such Improvement Area #4 Assessment shall be changed except as authorized by this SAP and the PID Act. Table IV-J and Table IV-K summarize the allocation of the Improvement Area #4 Assessment at the time the Improvement Area #4 Assessment Ordinance is adopted by the City Council. The information in Table IV-J and Table IV-K may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other documents associated with the PID. (remainder of this page intentionally left blank) MuniCap |42 Table IV-J Improvement Area #4 Assessment Allocation Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #4 Assessment Initial Annual Installment Maximum Assessment Per Unit Initial Annual Installment Per Unit Equivalent Tax Rate (Per $100/AV) Finished Lot Value Equivalent Tax Rate (Per $100/AV) Completed Home Value 35' 61 $92,750 $489,000 $29,829,000 $1,279,522 $104,125 $20,976 $1,707 $1.84 $0.35 50' 158 $132,500 $616,000 $97,328,000 $4,174,908 $339,747 $26,423 $2,150 $1.62 $0.35 55' 146 $147,125 $641,000 $93,586,000 $4,014,394 $326,684 $27,496 $2,238 $1.52 $0.35 60' 143 $159,000 $757,000 $108,251,000 $4,643,453 $377,876 $32,472 $2,642 $1.66 $0.35 70' 123 $185,500 $937,000 $115,251,000 $4,943,720 $402,311 $40,193 $3,271 $1.76 $0.35 80' 17 $214,000 $1,081,000 $18,377,000 $788,286 $64,149 $46,370 $3,773 $1.76 $0.35 One-Acre Custom 42 $325,000 $1,547,000 $64,974,000 $2,787,075 $226,807 $66,359 $5,400 $1.66 $0.35 Townhome (25'-33') 52 $66,250 $443,000 $23,036,000 $988,135 $80,413 $19,003 $1,546 $2.33 $0.35 4-Pack 28 $106,000 $475,000 $13,300,000 $570,507 $46,427 $20,375 $1,658 $1.56 $0.35 Total 770 $563,932,000 $24,190,000 $1,968,540 Note: The above estimate uses an estimated interest rate of 6.60% for years 2026 through 2056 for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. This information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Table IV-K below summarizes estimated value to assessment ratio based on the Improvement Area #4 Assessment. (remainder of this page is intentionally left blank) MuniCap |43 Table IV-K Improvement Area #4 Estimated Value to Assessment Ratios Lot Size Units Estimated Finished Lot Value Estimated Completed Home Value Estimated Build Out Value Total Improvement Area #4 Assessment Average Annual Installment Maximum Assessment Per Unit Average Annual Installment Per Unit Finished Lot to Assessment Leverage Completed Home to Assessment Leverage 35' 61 $92,750 $489,000 $29,829,000 $1,279,522 $104,125 $20,976 $1,707 4.42 23.31 50' 158 $132,500 $616,000 $97,328,000 $4,174,908 $339,747 $26,423 $2,150 5.01 23.31 55' 146 $147,125 $641,000 $93,586,000 $4,014,394 $326,684 $27,496 $2,238 5.35 23.31 60' 143 $159,000 $757,000 $108,251,000 $4,643,453 $377,876 $32,472 $2,642 4.90 23.31 70' 123 $185,500 $937,000 $115,251,000 $4,943,720 $402,311 $40,193 $3,271 4.62 23.31 80' 17 $214,000 $1,081,000 $18,377,000 $788,286 $64,149 $46,370 $3,773 4.62 23.31 One-Acre Custom 42 $325,000 $1,547,000 $64,974,000 $2,787,075 $226,807 $66,359 $5,400 4.90 23.31 Townhome (25'-33') 52 $66,250 $443,000 $23,036,000 $988,135 $80,413 $19,003 $1,546 3.49 23.31 4-Pack 28 $106,000 $475,000 $13,300,000 $570,507 $46,427 $20,375 $1,658 5.20 23.31 Total 770 $563,932,000 $24,190,000 $1,968,540 Note: The above estimate uses an estimated interest rate of 6.60% for years 2026 through 2056 for the collection of PID assessments, and annual administrative expenses increasing by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. information may be modified in an Annual Service Plan Update approved by the City Council, subject to the terms of this SAP, the PID Act, and any other document associated with the PID. Assessment Methodology for Future Improvement Areas When and if the Future Improvement Areas are developed and Assessments are levied against Property within the Future Improvement Areas and/or the issuance of Future Improvement Area Bonds are contemplated, this SAP will be amended to determine the assessment methodology necessary to apply equal shares of the Actual Costs of Future Improvement Area Improvements on Assessed Property similarly benefited within that Future Improvement Area. I. ASSESSMENT AND ANNUAL INSTALLMENTS The Improvement Area #1 Assessments for the Improvement Area #1 Funded Improvements have been levied on each Lot of Improvement Area #1 Assessed Property according to the Improvement Area #1 Assessment Roll. The Improvement Area #1 Annual Installments will be due no later than January 31 of each year beginning in 2019 and will be due in the amounts shown on the Improvement Area #1 Assessment Roll, subject to any revisions made during an Annual Service Plan Update. The Improvement Area #2 Assessments for the Improvement Area #2 Funded Improvements have been levied on each Lot of Improvement Area #2 Assessed Property according to the Improvement Area #2 Assessment Roll. The Improvement Area #2 Annual Installments will be due no later than January 31 of each year beginning in 2021 and will be due in the amounts shown on the Improvement Area #2 Assessment Roll, subject to any revisions made during an Annual Service Plan Update. The Improvement Area #3 Assessments for the Improvement Area #3 Funded Improvements have been levied on each Lot of Improvement Area #3 Assessed Property according to the Improvement Area #3 Assessment Roll. The Improvement Area #3 Annual Installments will be due no later than January 31 of each year beginning in 2024 and will be due in the amounts shown on the Improvement Area #3 Assessment Roll, subject to any MuniCap |44 revisions made during an Annual Service Plan Update. The Improvement Area #4 Assessments for the Improvement Area #4 Funded Improvements have been levied on each Lot of Improvement Area #4 Assessed Property according to the Improvement Area #4 Assessment Roll. The Improvement Area #4 Annual Installments will be due no later than January 31 of each year beginning in 2026 and will be due in the amounts shown on the Improvement Area #4 Assessment Roll, subject to any revisions made during an Annual Service Plan Update. J. ADMINISTRATIVE EXPENSES The cost of administering the PID and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel or Lot based on the amount of outstanding Assessment remaining on such Parcel or Lot. The Administrative Expenses shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Improvement Area #1 Assessment Roll, the Improvement Area #2 Assessment Roll, the Improvement Area #3 Assessment Roll, and the Improvement Area #4 Assessment Roll shown on Appendix A-1, Appendix A-2, Appendix A-3, and Appendix A-4, respectively, which are subject to revision through Annual Service Plan Updates. K. ADDITIONAL INTEREST RATE Pursuant to the PID Act, if PID Bonds are issued, the interest rate for Assessments may exceed the actual interest rate per annum paid on such PID Bonds by no more than one half of one percent (0.50%) per annum, (the “Additional Interest Rate”). The funds generated by the Additional Interest Rate (i.e. 0.50%) per annum will be dedicated to fund the Delinquency and Prepayment Reserve as described in Section IV.L. L. DELINQUENCY AND PREPAYMENT RESERVE As described in Section IV.J, if PID Bonds are issued, a portion of the funds generated by the Additional Interest Rate will be allocated to fund the associated interest charged between the date of prepayment of an Assessment and the date on which related PID Bonds are actually redeemed and to offset any possible delinquent payments (the "Delinquency and Prepayment Reserve”). If PID Bonds are issued, a Delinquency and Prepayment Reserve shall be funded each year until it reaches 5.5% of the par amount of the related PID Bonds, but in no event will the annual collections be more than 0.50% per annum higher than the actual interest rate paid on the related PID Bonds. If the PID Act is subsequently amended to allow a prepayment of an Assessment to include all applicable interest from the date of prepayment through and including the date of the regularly scheduled PID Bond payments to be charged upon the prepayment of the Assessment, the 0.50% per annum allocated to fund the associated interest charged between the date of prepayment of the Assessment and the date on which PID Bonds are actually prepaid may be eliminated at the election of the City. If in any given year the Delinquency and Prepayment Reserve is fully funded at 5.5% of the par amount of the related outstanding PID Bonds, the City can allocate the funds generated by the Additional Interest Rate collected during that year to pay Administrative Expenses or to redeem the applicable PID Bonds as set forth in the applicable Indenture. MuniCap |45 V. SERVICE PLAN A. INTRODUCTION The PID Act requires that a service plan (i) cover a period of at least five years, and (ii) define the annual projected costs and indebtedness for the Authorized Improvements undertaken within the PID during the five year period. The timetable for Future Improvement Areas Improvements will be determined and included in future updates to this SAP. The Service Plan shall be reviewed and updated at least annually for purposes of determining the annual budget for Administrative Expenses, updating the estimated costs of the Authorized Improvements, and updating the Assessment Rolls shown on Appendix A-1, Appendix A-2, Appendix A-3, and Appendix A-4. Any update to this SAP is herein referred as an “Annual Service Plan Update.” Table V-A summarizes the original sources and uses of funds required to construct the Improvement Area #1 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V-A shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. Table V-B summarizes the original sources and uses of funds required to construct the Improvement Area #2 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V-B shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. Table V-C summarizes the original sources and uses of funds required to construct the Improvement Area #3 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V-C shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. The sources and uses of funds shown in Table V-A, Table V-B, and Table V-C were updated to reflect the bond issuance costs related to the Improvement Areas #1-3 Bonds, and are shown in Table V-D. Table V-E summarizes the sources and uses of funds required to construct the Improvement Area #4 Funded Improvements and establish the PID. The sources and uses of funds shown in Table V- E shall be updated each year in the Annual Service Plan Update to reflect any revisions to the Actual Costs and additional PID Bond issues, if any. Future Improvement Area PID Bonds for a given improvement area will not be issued until a final plat has been recorded, unless explicitly waived by the City, for the next improvement area in the District (“Subsequent Improvement Area”). If no final plat has been recorded with respect to the Subsequent Improvement Area within five (5) years of the date that the Assessments are levied on the prior improvement area, then no Future Improvement Area PID Bonds for the prior improvement area will be issued, and the payment of any amount owed to the Developer under a MuniCap |46 Reimbursement Agreement will be limited to quarterly payments by the City to the Developer from the Assessment Revenues deposited into the District Fund (the, “District Fund”). The Improvement Area #1 Assessments have been levied. As a result, the sources and uses are shown in Table V-A. Table V-A Improvement Area #1 Original Sources and Uses of Funds Description Costs1 Actual Costs Reimbursed by Assessments Actual Costs Funded by Developer Sources: PID Reimbursement Agreement Improvement Area #1 $6,350,000 $6,350,000 $0 Developer Cash Contribution $21,127,293 $0 $21,127,293 Total Sources $27,477,293 $6,350,000 $21,127,293 Uses: Bonds & Mobilization $233,175 $0 $233,175 Earthwork & Erosion Control Improvements $3,772,522 $0 $3,772,522 Storm Drainage Improvements $2,157,384 $0 $2,157,384 Water Improvements $2,862,099 $0 $2,862,099 Wastewater Improvements $3,249,108 $0 $3,249,108 Roadway Improvements $5,725,852 $5,712,973 $12,879 Open Space & Trail Improvements $3,301,388 $637,027 $2,664,361 Project Contingency $0 $0 $0 Engineering $3,004,337 $0 $3,004,337 City Inspection and Fees $1,320,095 $0 $1,320,095 Professional Fees $214,393 $0 $214,393 Construction Fees $1,636,939 $0 $1,636,939 Total Authorized Improvements $27,477,293 $6,350,000 $21,127,293 1 See Table III-A and Table IV-A for details. The Improvement Area #2 Assessments have been levied. As a result, the sources and uses are shown in Table V-B. (remainder of this page is intentionally left blank) MuniCap |47 Table V-B Improvement Area #2 Original Sources and Uses of Funds Description Costs1 Actual Costs Reimbursed by Assessments Actual Costs Funded by Developer Sources: PID Reimbursement Agreement Improvement Area #2 $5,850,000 $5,850,000 $0 Developer Cash Contribution $21,483,341 $0 $21,483,341 Total Sources $27,333,341 $5,850,000 $21,483,341 Uses: Bonds & Mobilization $270,616 $0 $270,616 Earthwork & Erosion Control Improvements $4,020,550 $0 $4,020,550 Storm Drainage Improvements $2,125,362 $0 $2,125,362 Water Improvements $2,598,771 $0 $2,598,771 Wastewater Improvements $2,341,564 $0 $2,341,564 Roadway Improvements $5,132,890 $5,013,226 $119,664 Landscaping Improvements $5,710,148 $836,774 $4,873,374 Project Contingency $117,814 $0 $117,814 Engineering $3,967,735 $0 $3,967,735 Construction Fees $1,047,891 $0 $1,047,891 Total Authorized Improvements $27,333,341 $5,850,000 $21,483,341 1 See Table III-B and Table IV-B for details. The Improvement Area #3 Assessments have been levied. As a result, the sources and uses are shown in Table V-C. (remainder of this page is intentionally left blank) MuniCap |48 Table V-C Improvement Area #3 Original Sources and Uses of Funds Description Costs1 Actual Costs Reimbursed by Assessments Actual Costs Funded by Developer Sources: PID Reimbursement Agreement Improvement Area #3 $10,750,000 $10,750,000 $0 Developer Cash Contribution $26,441,518 $0 $26,441,518 Total Sources $37,191,518 $10,750,000 $26,441,518 Uses: Bonds & Mobilization $0 $0 $0 Earthwork & Erosion Control Improvements $3,304,958 $0 $3,304,958 Storm Drainage Improvements $3,337,653 $0 $3,337,653 Water Improvements $3,185,148 $0 $3,185,148 Wastewater Improvements $4,643,234 $0 $4,643,234 Roadway Improvements $10,792,203 $10,750,000 $42,203 Landscaping Improvements $3,018,076 $0 $3,018,076 Project Contingency $1,894,872 $0 $1,894,872 Engineering $6,601,380 $0 $6,601,380 Construction Fees $413,995 $0 $413,995 Total Authorized Improvements $37,191,518 $10,750,000 $26,441,518 1 See Table III-C and Table IV-C for details. The Improvement Areas #1-3 Bonds are being issued to reimburse the Developer for the outstanding balances of the Improvement Area #1 Reimbursement Agreement, Improvement Area #2 Reimbursement Agreement and Improvement Area #3 Reimbursement Agreement. As a result, the original sources and uses shown in Tables V-A, V-B and V-C have been updated as shown in Table V-D on the following page. (remainder of this page is intentionally left blank) MuniCap |49 Table V-D Improvement Areas #1-3 Bonds Updated Sources and Uses of Funds Description Improvement Area #11 Improvement Area #22 Improvement Area #33 Total Sources: Par amount $4,954,000 $4,123,000 $9,109,000 $18,186,000 Developer Contribution (Reimbursement Agreement lien reduction for Bonds) $514,191 $885,106 $1,612,735 $3,012,032 Developer Contribution (Reimbursement Agreement lien reduction due to Replat) $6,442 $0 $0 $6,442 Developer Contribution for Bond issuance costs $388,920 $325,252 $718,555 $1,432,726 Assessments Collected as Annual Installments and Prepayments and Dispersed to Developer4 $875,367 $841,894 $28,265 $1,745,526 Bond Premium $146,257 $120,776 $266,888 $533,921 Total Sources $6,885,177 $6,296,028 $11,735,443 $24,916,647 Uses: Outstanding balance under Improvement Area #1 Reimbursement Agreement $6,350,000 $0 $0 $6,350,000 Outstanding balance under Improvement Area #2 Reimbursement Agreement $0 $5,850,000 $0 $5,850,000 Outstanding balance under Improvement Area #3 Reimbursement Agreement $0 $0 $10,750,000 $10,750,000 Subtotal $6,350,000 $5,850,000 $10,750,000 $22,950,000 Bond Issuance Costs Debt service reserve $99,395 $82,722 $182,759 $364,875 Underwriters discount (including Underwriter's counsel) $148,620 $123,690 $273,270 $545,580 Other costs of issuance $140,290 $116,757 $257,953 $515,000 Bond insurance premium $142,995 $119,520 $264,079 $526,594 Surety Bond premium $3,877 $3,339 $7,382 $14,598 Subtotal Bond Issuance Costs $535,177 $446,028 $985,443 $1,966,647 Total Uses $6,885,177 $6,296,028 $11,735,443 $24,916,647 1The outstanding balance under Improvement Area #1 Reimbursement Agreement represents all principal payments and prepayments through 06/11/2024. 2The outstanding balance under Improvement Area #2 Reimbursement Agreement represents all principal payments and prepayments through 06/11/2024. 3The outstanding balance under Improvement Area #3 Reimbursement Agreement represents all principal payments and prepayments through 06/11/2024. 4These amounts include scheduled disbursements on June 15, 2024. The Improvement Area #4 Assessments are being levied. As a result, the sources and uses are shown in Table V-E. (remainder of this page is intentionally left blank) MuniCap |50 Table V-E Improvement Area #4 Estimated Sources and Uses of Funds Description Costs1 Actual Costs Reimbursed by Assessments Actual Costs Funded by Developer Sources: PID Reimbursement Agreement Improvement Area #4 $24,190,000 $24,190,000 $0 Developer Cash Contribution $38,297,848 $0 $38,297,848 Total Sources $62,487,848 $24,190,000 $38,297,848 Uses: Bonds & Mobilization $1,401,340 $0 $1,401,340 Earthwork & Erosion Control Improvements $1,471,127 $0 $1,471,127 Storm Drainage Improvements $7,489,101 $0 $7,489,101 Water Improvements $8,981,253 $0 $8,981,253 Wastewater Improvements $10,238,564 $0 $10,238,564 Roadway Improvements $26,084,284 $24,190,000 $1,894,284 Landscaping Improvements $984,850 $0 $984,850 Project Contingency $1,559,021 $0 $1,559,021 Engineering $4,151,308 $0 $4,151,308 Construction Fees $127,000 $0 $127,000 Total Authorized Improvements $62,487,848 $24,190,000 $38,297,848 1 See Table III-D and Table IV-D for details. The projected Annual Installments for the Improvement Area #1 Funded Improvements are presented in Table V-F. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. Table V-F Improvement Area #1 Projected Annual Installments Period Ending 9/30 Principal Payments Interest Expense Administrative Expenses Delinquency & Prepayment Reserve Annual PID Installments 2025 & Prior $725,015 $2,193,321 $278,817 $24,770 $3,221,923 2026 $161,732 $223,849 $19,000 $21,109 $425,690 2027 $169,718 $215,762 $53,378 $23,340 $462,198 2028 $178,702 $207,277 $53,728 $22,490 $462,196 2029 $186,687 $198,341 $55,573 $21,595 $462,196 2030 $196,670 $189,007 $55,858 $20,660 $462,195 2031 $206,653 $179,174 $56,693 $19,675 $462,194 Total $1,825,178 $3,406,731 $573,045 $153,639 $5,958,592 Note: The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense, and the administration of the PID. Assessment years ending 2019 through 2026 reflect actual Annual Installments. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. MuniCap |51 The projected Annual Installments for the Improvement Area #2 Funded Improvements are presented in Table V-G below. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. Table V-G Improvement Area #2 Projected Annual Installments Period Ending 9/30 Principal Payments Interest Expense Administrative Expenses Delinquency & Prepayment Reserve Annual PID Installments 2025 & Prior $481,511 $1,210,862 $228,028 $20,615 $1,941,016 2026 $128,821 $186,590 $18,000 $17,107 $350,518 2027 $135,812 $180,148 $56,433 $19,490 $391,883 2028 $143,801 $173,358 $55,913 $18,810 $391,882 2029 $150,791 $166,168 $56,833 $18,090 $391,882 2030 $158,780 $158,628 $57,138 $17,335 $391,881 2031 $167,768 $150,689 $56,883 $16,540 $391,880 Total $1,367,285 $2,226,442 $529,228 $127,987 $4,250,942 Note: The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense, and the administration of the PID. Assessment years ending 2021 through 2026 reflect actual Annual Installments. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. The projected Annual Installments for the Improvement Area #3 Funded Improvements are presented in Table V-H. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. Table V-H Improvement Area #3 Projected Annual Installments Period Ending 9/30 Principal Payments Interest Expense Administrative Expenses Delinquency & Prepayment Reserve Annual PID Installments 2025 & Prior $358,122 $1,081,190 $130,000 $45,545 $1,614,857 2026 $284,114 $410,385 $27,000 $41,224 $762,723 2027 $299,068 $397,384 $75,876 $43,065 $815,393 2028 $316,016 $382,430 $75,376 $41,565 $815,387 2029 $332,967 $366,629 $75,811 $39,980 $815,387 2030 $351,910 $349,981 $75,181 $38,310 $815,381 2031 $369,853 $332,385 $76,596 $36,545 $815,379 Total $2,312,049 $3,320,385 $535,839 $286,234 $6,454,507 Note: The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense, and the administration of the PID. Assessment years ending 2023 through 2026 reflect actual Annual Installments. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. MuniCap |52 The projected Annual Installments for the Improvement Area #4 Funded Improvements are presented in Table V-I. The projected Annual Installments are subject to revision and shall be updated in the Annual Service Plan Update to reflect any change expected for each year. Table V-I Improvement Area #4 Projected Annual Installments Period Ending 9/30 Principal Payments Interest Expense Administrative Expenses Annual PID Installments 2026 $0 $0 $0 $0 2027 $257,000 $1,596,540 $115,000 $1,968,540 2028 $272,000 $1,579,578 $117,300 $1,968,878 2029 $288,000 $1,561,626 $119,646 $1,969,272 2030 $305,000 $1,542,618 $122,039 $1,969,657 2031 $323,000 $1,522,488 $124,480 $1,969,968 2032 $342,000 $1,501,170 $126,969 $1,970,139 Total $1,787,000 $9,304,020 $725,434 $11,816,454 Note: The projected Annual Installments are the expenditures associated with the formation of the PID, interest expense, and the administration of the PID. (remainder of this page is intentionally left blank) MuniCap |53 VI. TERMS OF THE ASSESSMENTS A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #1 The Improvement Area #1 Assessments and Annual Installments for the Improvement Area #1 Assessed Property are shown on the Improvement Area #1 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area #1 Annual Installments shall be collected in an amount sufficient to pay principal and interest on the applicable portion of the Improvement Areas #1-3 Bonds, to fund the Delinquency and Prepayment Reserve, and to pay the Administrative Expenses. B. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #2 The Improvement Area #2 Assessments and Annual Installments for the Improvement Area #2 Assessed Property are shown on the Improvement Area #2 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area #2 Annual Installments shall be collected in an amount sufficient to pay principal and interest on the applicable portion of the Improvement Areas #1-3 Bonds, to fund the Delinquency and Prepayment Reserve, and to pay the Administrative Expenses. C. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #3 The Improvement Area #3 Assessments and Annual Installments for the Improvement Area #3 Assessed Property are shown on the Improvement Area #3 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area #3 Annual Installments shall be collected in an amount sufficient to pay principal and interest on the applicable portion of the Improvement Areas #1-3 Bonds, to fund the Delinquency and Prepayment Reserve, and to pay the Administrative Expenses. D. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #4 The Improvement Area #4 Assessments and Annual Installments for the Improvement Area #4 Assessed Property are shown on the Improvement Area #4 Assessment Roll. Such Assessments and Annual Installments shall not be changed except as authorized by this SAP and by the PID Act and approved by City Council. The Improvement Area #4 Annual Installments shall be collected in an amount sufficient to pay principal and interest on the obligation under the Improvement Areas #4 Reimbursement Agreement, and to pay the Administrative Expenses. MuniCap |54 E. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS When and if Future Improvement Areas are developed, this SAP will be amended to determine the Assessment and Annual Installments associated with the costs of Future Improvement Area Improvements for each Parcel or Lot located within a Future Improvement Area. The Assessment shall not exceed the benefit received by the Assessed Property. F. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN IMPROVEMENT AREA #1, IMPROVEMENT AREA #2, IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4 Upon Division Prior to Recording of Subdivision Plat Upon the division of any Assessed Property (without the recording of subdivision plat), the Administrator shall reallocate the Assessment for the Assessed Property prior to the division among the newly divided Assessed Properties in accordance with the assessment methodology as presented in Section IV.H. If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner, but in no event will such new allocation increase the total Assessment for each Parcel as identified in Table IV-D-2, Table IV-F-2, Table IV-H-2, and Table IV-J. The reallocation of an Assessment for Assessed Property that is a homestead under Texas law may not exceed the Assessment prior to the increase or reallocation. Any reallocation pursuant to this section shall be reflected in a Service and Assessment Plan Update approved by the City Council. The reallocation herein shall be considered an administrative action that will not require the City Council to issue notice and hold a public hearing. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. The calculation shall be made separately for each newly divided Assessed Property. Any reallocation pursuant to this section shall be reflected in an update to this Service and Assessment Plan approved by the City Council. Upon Subdivision by a Recorded Subdivision Plat Once a Lot has an Assessment applied to it, as shown in Table IV-D-2, Table IV-F-2, Table IV- H-2, and Table IV-J, and is then subdivided again, such newly subdivided lots will be the Assessment of the applicable lot size as set forth in Table IV-D-2, Table IV-F-2, Table IV-H-2. And Table IV-J. In no event will the new subdivision cause the sum of the Assessments for the newly subdivided Lots to be greater than the Assessment for the undivided Lot prior to its subdivision. The allocation method used above is to ensure there will not be an increase in the Assessment for each specific Parcel. If Lots are not platted in accordance with the approved entitlements, the Assessments for each affected Lot will be allocated in an equitable manner. MuniCap |55 Upon Consolidation Upon the consolidation of two or more Assessed Properties, the Assessment for the consolidated Assessed Property shall be the sum of the Assessments for the Assessed Properties prior to consolidation. The reallocation of an Assessment for an Assessed Property that is a homestead under Texas law may not exceed the Assessment for such Assessed Property prior to the reallocation. Any reallocation pursuant to this section shall be calculated by the Administrator and reflected in an update to this SAP approved by the City Council. The consolidation of any Assessed Property as described herein shall be considered an administrative action and will not require any notice or public hearing (as defined in the PID Act) by the City Council. Upon Transfer between Parcels with Different Uses Should an owner of an Assessed Property choose to transfer the intended land use between all or a portion of one or more Parcels or Lots, in no event will the transfer cause the sum of the Assessments for the affected Parcels or Lots to be greater than the Assessment for those Parcels or Lots prior to the transfer of use. If uses are transferred among Parcels or Lots, the Assessments for each affected Parcel or Lot will be allocated in an equitable manner. G. REALLOCATION OF ASSESSMENTS FOR PARCELS LOCATED WITHIN FUTURE IMPROVEMENT AREAS As Future Improvement Areas are developed, this SAP will be amended to determine the assessment reallocation methodology that results in the imposition of equal shares of the Actual Costs on Assessed Property similarly benefited within each Future Improvement Area. H. MANDATORY PREPAYMENT OF ASSESSMENTS If Assessed Property or a portion thereof is transferred to a party that is exempt from the payment of the Assessment under applicable law, or if an owner causes a Parcel or portion thereof to become Non-Benefited Property, the owner of such Parcel or portion thereof shall pay to the City the full amount of the Assessment, plus all Prepayment Costs, for such Parcel or portion thereof prior to any such transfer or act (a “Mandatory Prepayment”). Should a Mandatory Prepayment of Assessments occur, the owner of such Parcel or portion thereof shall notify the City and the Administrator no later than thirty (30) days after the date of the payment of the Mandatory Prepayment. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. If the Assessment for the Assessed Property prior to subdivision exceeds the sum of the Assessments for all newly divided Assessed Properties after such reallocation, the Parcel owner shall pay the excess Assessment amount as a Mandatory Prepayment. The Developer has agreed to pay off the Assessments on Lots within Improvement Area #2 that have closed with homebuyers as of the date of levy of the Improvement Area #2 MuniCap |56 Assessments. Such Parcels are marked as Prepaid in the attached Assessment Roll for Improvement Area #2. I. REDUCTION OF ASSESSMENTS If after all Authorized Improvements to be funded through the PID have been completed and the Actual Costs for such Authorized Improvements are less than the PID-Funded Actual Costs used to calculate the Assessments, resulting in an excess Assessment, then the City may, at its discretion, reduce the applicable Assessment for each applicable Assessed Property pro rata such that the sum of the resulting reduction in such Assessments for all such Assessed Properties equals the excess Assessments. Additionally, the City may, at the request of the Developer, use such excess Assessments to fund and/or reimburse the Developer for, and/or directly fund, additional Authorized Improvements. Similarly, if the owner does not undertake some of the Authorized Improvements to be funded through the PID, as set forth in Table III-A, Table III-B, Table III-C, and Table III-D resulting in excess Assessments, then the City may, at the City’s sole discretion, reduce the applicable Assessment for each applicable Assessed Property pro-rata to reflect only the PID-Funded Actual Costs that were expended and deposit and apply such excess Assessments as described in the paragraph immediately above. J. PAYMENT OF ASSESSMENTS 1. Payment in Part or Full The Assessment for any Parcel or Lot may be paid in full at any time in accordance the PID Act. The prepayment shall include all Prepayment Costs, if any. Interest costs from the date of prepayment to the date of redemption of the applicable PID Bonds, if any, may be paid from a reserve established under the applicable Indenture. If an Annual Installment has been billed prior to payment in full of an Assessment, the Annual Installment shall be due and payable and shall be credited against the payment-in-full amount upon payment. Upon payment in full of an Assessment and all Prepayment Costs, the City shall deposit the payment in accordance with the applicable PID Reimbursement Agreement or applicable Indenture; whereupon, the Assessment for the Parcel or Lot shall be reduced to zero, and the Parcel or Lot owner’s obligation to pay the Assessment and Annual Installments thereof shall automatically terminate. The City shall provide the owner of the affected Assessed Property a recordable “Notice of PID Assessment Termination.” At the option of a Parcel or Lot owner, the Assessment on any Parcel or Lot may be prepaid in part in an amount equal to the amount of prepaid Assessments plus Prepayment Costs, if any, with respect thereto. Upon the payment of such amount for a Parcel or Lot, the Assessment for the Parcel or Lot shall be reduced by the amount of such partial prepayment, the Assessment Roll shall be updated to reflect such partial prepayment, and the obligation to pay the Annual Installment for MuniCap |57 such Parcel or Lot shall be reduced to the extent the partial prepayment is made, and the term of the Assessment shall not be reduced. 2. Payment of Annual Installments If an Assessment is not paid in full, the PID Act authorizes the City to collect interest and collection costs on the outstanding Assessment. An Assessment for a Parcel or Lot that is not paid in full will be collected in Annual Installments each year in the amounts shown in the applicable Assessment Roll and which includes interest on the outstanding Assessment and Administrative Expenses. The Annual Installments as listed on the Improvement Area #1 Assessment Roll have been calculated as having a term of 30 years from initial collection and using an interest rate of 6.0% for the initial two years of collection and 5.0% for the next 4 years of collection under the Improvement Area #1 Reimbursement Agreement, and an average interest rate of 4.65% for the remaining 20-years for the applicable portion of the Improvement Areas #1-3 Bonds. The interest rates in conjunction with the Improvement Area #1 Reimbursement Agreement were in conformance with the PID Act using an index rate of 4.03% as provided by The Bond Buyer’s Revenue Bond Index dated February 9, 2017. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The interest on the Assessments or Annual Installments are being updated to include the interest generated from the Additional Interest Rate in conjunction with issuance of the Improvement Areas #1-3 Bonds. The Annual Installments as listed on the Improvement Area #2 Assessment Roll have been calculated as having a term of 30 years from initial collection and using an interest rate of 4.62% for the initial 4 years of collection under the Improvement Area #2 Reimbursement Agreement, and an average interest rate of 4.65% for the remaining 20-years for the applicable portion of the Improvement Areas #1-3 Bonds. The interest rates in conjunction with the Improvement Area #2 Reimbursement Agreement were in conformance with the PID Act using an index rate of 2.62% as provided by The Bond Buyer’s Revenue Bond Index dated August 27, 2020. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The interest on the Assessments or Annual Installments are being updated to include the interest generated from the Additional Interest Rate in conjunction with issuance of the Improvement Areas #1-3 Bonds. The Annual Installments as listed on the Improvement Area #3 Assessment Roll have been calculated as having a term of 30 years from initial collection and using an interest rate of 5.55% for the initial year of collection under the Improvement Area #3 Reimbursement Agreement, and an average interest rate of 4.65% for the remaining 20-years for the applicable portion of the Improvement Areas #1-3 Bonds. The interest rates in conjunction with the Improvement Area #3 Reimbursement Agreement were in conformance with the PID Act using an index rate of 3.55% as provided by The Bond Buyer’s Revenue Bond Index dated August 11, 2022. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The interest on the Assessments or Annual Installments are being updated to include the interest generated from the Additional Interest Rate in conjunction with issuance of the Improvement Areas #1-3 Bonds. MuniCap |58 The Annual Installments as listed on the Improvement Area #4 Assessment Roll have been calculated as having a term of 30 years from initial collection and using an interest rate of 6.60% for years 1 through 30 under the Improvement Area #4 Reimbursement Agreement. The interest rates in conjunction with the Improvement Area #4 Reimbursement Agreement are in conformance with the PID Act using an index rate of 5.10% as provided by The Bond Buyer’s Revenue Bond Index dated January 29, 2026. The principal amounts of Annual Installments may not exceed the amounts shown on the Assessment Roll except pursuant to any amendment or update to this SAP. The Annual Installments shall be reduced to equal the actual costs of repaying the related series of PID Bonds and actual Administrative Expenses (as provided for in the definition of such term), taking into consideration any other available funds for these costs, such as interest income on account balances. The City reserves and shall have the right and option to refund PID Bonds in accordance with Section 372.027 of the PID Act and the Indenture related to such PID Bonds. In the event of issuance of refunding bonds, the Administrator shall recalculate the Annual Installments, and if necessary, shall adjust, or decrease, the amount of the Annual Installment so that total Annual Installments of Assessments will be produced in annual amounts that are required to pay the debt service on the refunding bonds when due and payable as required by and established in the ordinance and/or the indenture authorizing and securing the refunding bonds, and such refunding bonds shall constitute “PID Bonds” for purposes of this SAP. K. COLLECTION OF ANNUAL INSTALLMENTS The Administrator shall, no less frequently than annually, prepare and submit to the City for its approval, an Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each Annual Service Plan Update shall include an updated Assessment Roll and a calculation of the Annual Installment for each Assessed Property. Administrative Expenses shall be allocated among Assessed Properties in proportion to the amount of the Annual Installments before Administrative Expenses for the Assessed Property. Each Annual Installment shall be reduced by any credits applied under the applicable Indenture, if PID Bonds are issued, such as capitalized interest, interest earnings on any account balances, and any other funds available to the Trustee for such purpose, and existing deposits for a Prepayment and Delinquency Reserve. Annual Installments may be collected by the City (or such entity to whom the City directs) in the same manner and at the same time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of delinquencies as set forth in the PID Act. The Assessments shall have lien priority as specified in the PID Act. Any sale of Assessed Property for nonpayment of the delinquent Annual Installments shall be subject to the lien established for the remaining unpaid Assessment against such Assessed Property and such Assessed Property may again be sold at a judicial foreclosure sale if the purchaser thereof fails to make timely payment of the non-delinquent Annual Installments against such Assessed Property as they become due and payable. Each Annual Installment, including the interest on the unpaid amount of an Assessment, shall be updated annually. Each Annual Installment together with interest thereon shall be delinquent if MuniCap |59 not paid prior to February 1 of the following year. The initial Annual Installments relating to the Improvement Area #1 were billed in October 2018 and were delinquent if not paid by February 1, 2019. The initial Annual Installments relating to the Improvement Area #2 were billed in October 2020 were delinquent if not paid by February 1, 2021. The initial Annual Installments relating to the Improvement Area #3 were billed in October 2023 and were delinquent if not paid by February 1, 2024. The initial Annual Installments relating to the Improvement Area #4 will be billed in October 2026 and will be delinquent if not paid by February 1, 2027. (remainder of this page is intentionally left blank) MuniCap |60 VII. THE ASSESSMENT ROLL A. IMPROVEMENT AREA #1 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area #1 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council) to determine the amount of Assessed Property within Improvement Area #1. The Improvement Area #1 Assessed Property has been assessed for the special benefits conferred upon such property by the Improvement Area #1 Funded Improvements. Table VII-A summarizes the $27,477,293 in special benefit received by such property from the Authorized Improvements benefiting Improvement Area #1, including the Improvement Area #1 Funded Improvements. The total amount of the PID-Funded Actual Costs is $6,350,000, which is less than the benefit received by the Assessed Property. Accordingly, the total Improvement Area #1 Assessment to be applied to the Improvement Area #1 Assessed Property is $6,350,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area #1 Assessed Property is calculated based on the allocation methodologies described in Section IV.H. The Assessment Roll for Improvement Area #1 Assessed Property is attached as Appendix A-1. Table VII-A Improvement Area #1 Special Benefit Summary Special Benefit Total Cost Improvement Area #1 Funded Improvements $6,350,000 Other Funding Sources $21,127,293 Total Authorized Improvements1 $27,477,293 Total Special Benefit $27,477,293 Special Benefit Total Special Benefit $27,477,293 Assessment $6,350,000 Excess Benefit $21,127,293 1See Table III-A for details. B. IMPROVEMENT AREA #2 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area #2 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council) to determine the amount of Assessed Property within Improvement Area #2. MuniCap |61 The Improvement Area #2 Assessed Property has been assessed for the special benefits conferred upon such property by the Improvement Area #2 Funded Improvements. Table VII-B summarizes the $27,333,341 in special benefit received by such property from the Authorized Improvements benefiting Improvement Area #2, including the Improvement Area #2 Funded Improvements. The total amount of the PID-Funded Actual Costs is $27,333,341, which is less than the benefit received by the Assessed Property. Accordingly, the total Improvement Area #2 Assessment to be applied to the Improvement Area #2 Assessed Property is $5,850,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area #2 Assessed Property is calculated based on the allocation methodologies described in Section IV.H. The Assessment Roll for Improvement Area #2 Assessed Property is attached as Appendix A-2. Table VII-B Improvement Area #2 Special Benefit Summary Special Benefit Total Cost Improvement Area #2 Funded Improvements $5,850,000 Other Funding Sources $21,483,341 Total Authorized Improvements1 $27,333,341 Total Special Benefit $27,333,341 Special Benefit Total Special Benefit $27,333,341 Assessment $5,850,000 Excess Benefit $21,483,341 1See Table III-B for details. C. IMPROVEMENT AREA #3 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area #3 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council) to determine the amount of Assessed Property within Improvement Area #3. The Improvement Area #3 Assessed Property is being assessed for the special benefits conferred upon such property by the Improvement Area #3 Funded Improvements. Table VII-C summarizes the $37,191,518 in special benefit received by such property from the Authorized Improvements benefiting Improvement Area #3, including the Improvement Area #3 Funded Improvements. The total amount of the PID-Funded Actual Costs is $10,750,000, which is less than the benefit received by the Assessed Property. Accordingly, the total Improvement Area #3 Assessment to be applied to the Improvement Area #3 Assessed Property is $10,750,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area #3 Assessed Property is calculated based on the allocation methodologies described in Section IV.H. The Assessment Roll for Improvement Area #3 Assessed Property is attached as Appendix A-3. MuniCap |62 Table VII-C Improvement Area #3 Special Benefit Summary Special Benefit Total Cost Improvement Area #3 Funded Improvements $10,750,000 Other Funding Sources $26,441,518 Total Authorized Improvements1 $37,191,518 Total Special Benefit $37,191,518 Special Benefit Total Special Benefit $37,191,518 Assessment $10,750,000 Excess Benefit $26,441,518 1See Table III-C for details. D. IMPROVEMENT AREA #4 ASSESSMENT ROLL The City Council has evaluated each Lot in Improvement Area #4 (based on numerous factors such as the applicable zoning for developable area, the use of proposed Owners Association property, the Public Property, the types of Authorized Improvements, and other development factors deemed relevant by the City Council) to determine the amount of Assessed Property within Improvement Area #4. The Improvement Area #4 Assessed Property is being assessed for the special benefits conferred upon such property by the Improvement Area #4 Funded Improvements. Table VII-D summarizes the $62,487,848 in special benefit received by such property from the Authorized Improvements benefiting Improvement Area #4, including the Improvement Area #4 Funded Improvements. The total amount of the PID-Funded Actual Costs is $24,190,000, which is less than the benefit received by the Assessed Property. Accordingly, the total Improvement Area #4 Assessment to be applied to the Improvement Area #4 Assessed Property is $24,190,000 plus annual interest and Administrative Expenses. The Assessment for each Improvement Area #4 Assessed Property is calculated based on the allocation methodologies described in Section IV.H. The Assessment Roll for Improvement Area #4 Assessed Property is attached as Appendix A-4. (remainder of this page is intentionally left blank) MuniCap |63 Table VII-D Improvement Area #4 Special Benefit Summary Special Benefit Total Cost Improvement Area #4 Funded Improvements $24,190,000 Other Funding Sources $38,297,848 Total Authorized Improvements1 $62,487,848 Total Special Benefit $62,487,848 Special Benefit Total Special Benefit $62,487,848 Assessment $24,190,000 Excess Benefit $38,297,848 1See Table III-D for details. E. FUTURE IMPROVEMENT AREA ASSESSMENT ROLL As Future Improvement Areas are developed, this SAP will be amended to determine the Assessment for each Parcel or Lot located within such Future Improvement Areas (e.g. an appendix will be added as the Assessment Roll for Future Improvement Areas). F. ANNUAL ASSESSMENT ROLL UPDATES The Administrator shall, in consultation with City staff, prepare, and shall submit to the City Council for approval, updates to the Assessment Rolls and in or as part of the Annual Service Plan Updates to reflect changes such as (i) the identification of each Parcel, (ii) the Assessment for each Assessed Property, including any adjustments authorized by this SAP and the PID Act; (iii) the Annual Installments for the Assessed Property for the year (if the Assessment is payable in installments); and (iv) payments of the Assessment, if any, as provided by Sections VI.A, VI.B, VI.C, and VI.D. Annual Service Plan Updates shall reflect the actual interest of the PID Bonds, if any, or as outlined in the PID Reimbursement Agreement, on which the Annual Installments shall be paid plus the Additional Interest Rate, if any, any reduction in the Assessments, any revisions in the Actual Costs, Assessments agreed upon in the PID Reimbursement Agreement, and Developer funds. (remainder of this page is intentionally left blank) MuniCap |64 VIII. MISCELLANEOUS PROVISIONS A. ADMINISTRATIVE REVIEW The City may elect to designate a third party, who is not an officer or employee of the City, to serve as Administrator of the PID. The City shall notify the property owners within the PID in writing upon appointing a third party Administrator. To the extent consistent with the PID Act, if an owner of the Assessed Property claims that a calculation error has been made in an Assessment Roll, including the calculation of the Annual Installment, that owner must send a written notice describing the error to the Administrator no later than thirty (30) days after the date the invoice or other bill for the Annual Installment is received. If the owner fails to give such notice, such owner shall be deemed to have accepted the calculation of the Assessment Roll (including the Annual Installments) and to have waived any objection to the calculation. The Administrator shall, in consultation with City staff, promptly review the notice, and if necessary, meet with the Assessed Property owner, consider written and oral evidence regarding the alleged error and decide whether, in fact, such a calculation error occurred. If the Administrator, in consultation with City staff, determines that a calculation error has been made and the Assessment Roll should be modified or changed in favor of the Assessed Property owner, such change or modification shall be presented to the City Council for approval, to the extent permitted by the PID Act. A cash refund may not be made for any amount previously paid by the Assessed Property owner (except for the final year during which the Annual Installment shall be collected), but an adjustment may be made in the amount of the Annual Installment to be paid in the following year. The decision of the Administrator regarding a calculation error relating to the Assessment Roll may be appealed to City Council. Any amendments made to the Assessment Roll pursuant to calculation errors shall be made pursuant to the PID Act. B. TERMINATION OF ASSESSMENTS Each Assessment shall terminate on the date the Assessment is paid in full, including payment of any unpaid Annual Installments and Delinquent Collection Costs, if any. After the termination of the Assessment, and the collection of any delinquent Annual Installments and Delinquent Collection Costs, the City shall provide the owner of the affected Parcel a recordable Notice of the PID Assessment Termination. C. AMENDMENTS Amendments to the Service and Assessment Plan may be made as permitted or required by the PID Act and Texas law. (remainder of this page is intentionally left blank) MuniCap |65 D. COUNTY FILING Within seven days of its approval by the City Council, the City shall file and record this Service and Assessment Plan in the real property records of the County. In addition, the City shall similarly file each Annual Service Plan Update approved by the City Council, with each such filing to occur within seven days of the date each respective Annual Service Plan Update is approved. All such documents shall be filed and recorded in their entirety. E. ADMINISTRATION AND INTERPRETATION OF PROVISIONS The City Council shall administer (or cause the administration of) the PID, this SAP, and all Annual Service Plan Updates consistent with the PID Act, and shall make all interpretations and determinations related to the application of this SAP unless stated otherwise herein or in the Trust Indenture, such determination shall be conclusive. F. SEVERABILITY If any provision, section, subsection, sentence, clause or phrase of this SAP, or the application of same to an Assessed Property or any person or set of circumstances is for any reason held to be unconstitutional, void or invalid, the validity of the remaining portions of this SAP or the application to all or any portion of the Property or other persons or sets of circumstances shall not be affected thereby, it being the intent of the City Council in adopting this SAP that no part thereof, or provision or regulation contained therein shall become inoperative or fail by reason of any unconstitutionality, voidness or invalidity of any other part hereof, and all provisions of this SAP are declared to be severable for that purpose. If any provision of this SAP is determined by a court to be unenforceable, the unenforceable provision shall be deleted from this SAP, and the unenforceable provision shall, to the extent possible, be rewritten to be enforceable and to give effect to the intent of the City. (remainder of this page is intentionally left blank) APPENDIX A-1 IMPROVEMENT AREA #1 ASSESSMENT ROLL Appendix A-1 Improvement Area #1 Assessment Roll Parcel All Parcels Units 582 Original Assessment $6,350,000 Outstanding Assessment $5,033,000 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Additional Interest3 Total Annual Installment 9/1/2019 $51,409 $381,000 $432,409 $45,000 $0 $477,409 9/1/2020 $52,999 $373,729 $426,728 $45,392 $0 $472,120 9/1/2021 $116,259 $306,757 $423,017 $45,883 $0 $468,900 9/1/2022 $120,172 $298,507 $418,679 $36,070 $0 $454,749 9/1/2023 $125,060 $291,667 $416,727 $47,848 $0 $464,575 9/1/2024 $130,227 $284,777 $415,004 $48,805 $0 $463,809 9/1/2025 $123,799 $263,718 $387,517 $35,000 $24,770 $447,287 9/1/2026 $161,732 $223,849 $385,581 $19,000 $21,109 $425,690 9/1/2027 $169,718 $215,762 $385,480 $53,378 $23,340 $462,198 9/1/2028 $178,702 $207,277 $385,979 $53,728 $22,490 $462,196 9/1/2029 $186,687 $198,341 $385,029 $55,573 $21,595 $462,196 9/1/2030 $196,670 $189,007 $385,677 $55,858 $20,660 $462,195 9/1/2031 $206,653 $179,174 $385,827 $56,693 $19,675 $462,194 9/1/2032 $216,634 $168,841 $385,475 $58,078 $18,640 $462,192 9/1/2033 $227,615 $158,009 $385,624 $59,013 $17,555 $462,192 9/1/2034 $238,594 $146,629 $385,223 $60,553 $16,415 $462,190 9/1/2035 $250,572 $134,699 $385,271 $61,698 $15,220 $462,189 9/1/2036 $260,554 $124,676 $385,230 $62,993 $13,965 $462,187 9/1/2037 $271,534 $114,254 $385,788 $63,738 $12,660 $462,185 9/1/2038 $282,513 $103,053 $385,566 $65,318 $11,300 $462,183 9/1/2039 $294,491 $91,399 $385,890 $66,406 $9,885 $462,182 9/1/2040 $306,469 $79,252 $385,720 $68,050 $8,410 $462,180 9/1/2041 $320,443 $66,227 $386,670 $68,633 $6,875 $462,178 9/1/2042 $333,418 $52,608 $386,026 $70,880 $5,270 $462,176 9/1/2043 $350,386 $35,937 $386,323 $72,250 $3,600 $462,173 9/1/2044 $368,353 $18,418 $386,771 $73,555 $1,845 $462,171 9/1/2045 $0 $0 $0 $0 $0 $0 9/1/2046 $0 $0 $0 $0 $0 $0 9/1/2047 $0 $0 $0 $0 $0 $0 9/1/2048 $0 $0 $0 $0 $0 $0 Total $5,541,664 $4,707,567 $10,249,232 $1,449,387 $295,279 $11,993,898 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Areas #1-3 Bonds. 2 – Assessment years ending 2019 through 2026 reflect actual Annual Installments amounts collected. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. 3 – Additional Interest will be collected at 0.5% and will be used for Delinquency and Prepayment Reserve. Improvement Area #1 Outstanding Assessments - 2023 Replatted Parcels Prior to Replat After Replat Property ID (Parker) Property ID (Tarrant) Block # Lot Lot Size Outstanding Assessment Block # Lot Lot Size Outstanding Assessment R000104778 61000104778 U 18 60 $9,342.39 U 18R 70 $11,900.23 R000104779 61000104779 U 19 60 $9,342.39 U 19R 70 $11,900.23 R000104780 61000104780 U 20 60 $9,342.39 PARCEL DELETED R000104947 61000104947 AH 21 50 $7,587.87 AH 21R 70 $11,900.23 R000104948 61000104948 AH 22 50 $7,587.87 AH 22R 60 $9,342.39 R000104949 61000104949 AH 23 50 $7,587.87 AH 23R 60 $9,342.39 R000104950 61000104950 AH 24 50 $7,587.87 PARCEL DELETED R000104954 61000104954 AH 28 60 $9,342.39 AH 28R 70 $11,900.23 R000104955 61000104955 AH 29 60 $9,342.39 AH 29R 70 $11,900.23 R000104956 61000104956 AH 30 60 $9,342.39 AH 30R 70 $11,900.23 R000104957 61000104957 AH 31 60 $9,342.39 AH 31R 70 $11,900.23 R000104958 61000104958 AH 32 60 $9,342.39 AH 32R 60 $9,342.39 R000104959 61000104959 AH 33 60 $9,342.39 PARCEL DELETED R000104787 61000104787 V 7R-1 Open Space $0.00 V 7R- 1R Open Space $0.00 R000104795 61000104795 V 15 70 $11,900.23 V 15R 70 $11,900.23 R000104796 61000104796 V 16 70 $11,900.23 V 16R 70 $11,900.23 R000104800 61000104800 V 20 60 $9,342.39 V 20R 70 $11,900.23 R000104801 61000104801 V 21 60 $9,342.39 V 21R 70 $11,900.23 R000104802 61000104802 V 22 60 $9,342.39 PARCEL DELETED R000104615 61000104615 H 29 60 $9,342.39 H 29R 70 $11,900.23 R000104616 61000104616 H 30 60 $9,342.39 H 30R 70 $11,900.23 R000104617 61000104617 H 31 60 $9,342.39 H 31R 70 $11,900.23 R000104618 61000104618 H 32 60 $9,342.39 H 32R 70 $11,900.23 R000104619 61000104619 H 33 60 $9,342.39 H 33R 60 $9,342.39 R000105380 61000105380 H 5R- 10 60 $9,342.39 PARCEL DELETED Reduction of Developer Reimbursement Amount $6,441.95 Total $222,315.05 $222,315.05 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000103952 61000103952 G 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103953 61000103953 F 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103954 61000103954 F 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103955 61000103955 F 3 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000103956 61000103956 F 4 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000103957 61000103957 M 1 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000103958 61000103958 M 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103959 61000103959 M 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103960 61000103960 M 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103961 61000103961 M 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103962 61000103962 M 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103963 61000103963 M 7 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000103964 61000103964 N 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000103965 61000103965 P 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103966 61000103966 P 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103967 61000103967 P 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103968 61000103968 P 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103969 61000103969 P 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103970 61000103970 P 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103971 61000103971 P 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103972 61000103972 P 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103973 61000103973 P 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103974 61000103974 P 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103975 61000103975 P 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103976 61000103976 P 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103977 61000103977 P 13 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103978 61000103978 P 14 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103979 61000103979 P 15 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103980 61000103980 Q 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103981 61000103981 Q 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103982 61000103982 Q 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103983 61000103983 Q 4 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000103984 61000103984 Q 5 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000103985 61000103985 Q 6 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000103986 61000103986 R 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103987 61000103987 R 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103988 61000103988 R 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000103989 61000103989 AB 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103990 61000103990 AB 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103991 61000103991 AB 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103992 61000103992 AB 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103993 61000103993 AB 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000103994 61000103994 AB 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 A-1-1 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104476 61000104476 A 2 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104477 61000104477 A 3 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104478 61000104478 A 4 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104479 61000104479 A 5 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104480 61000104480 A 6 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104481 61000104481 A 7 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104482 61000104482 A 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104483 61000104483 A 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104484 61000104484 A 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104485 61000104485 A 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104486 61000104486 A 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104487 61000104487 A 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104488 61000104488 A 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104489 61000104489 A 15 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104490 61000104490 A 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104491 61000104491 A 17 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104492 61000104492 A 18 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104493 61000104493 A 19 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104494 61000104494 A 20 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104495 61000104495 A 21 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104496 61000104496 A 22 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104497 61000104497 A 23 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104498 61000104498 A 24 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104499 61000104499 A 25 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104500 61000104500 A 26 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104501 61000104501 A 27 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104502 61000104502 A 28 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104503 61000104503 A 29 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104504 61000104504 A 30 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104505 61000104505 A 31 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104506 61000104506 A 32 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104507 61000104507 A 33 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104508 61000104508 B 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104509 61000104509 B 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104510 61000104510 B 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104511 61000104511 B 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104512 61000104512 B 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104513 61000104513 B 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104514 61000104514 B 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104515 61000104515 B 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104516 61000104516 B 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104517 61000104517 B 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104518 61000104518 B 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-2 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104519 61000104519 B 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104520 61000104520 B 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104521 61000104521 B 14 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104522 61000104522 B 15 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104523 61000104523 B 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104524 61000104524 C 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104525 61000104525 C 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104526 61000104526 C 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104527 61000104527 C 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104528 61000104528 C 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104529 61000104529 C 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104530 61000104530 C 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104531 61000104531 C 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104532 61000104532 C 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104533 61000104533 C 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104534 61000104534 C 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104535 61000104535 C 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104536 61000104536 C 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104537 61000104537 C 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104538 61000104538 C 15 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104539 61000104539 C 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104540 61000104540 D 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104541 61000104541 D 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104542 61000104542 D 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104543 61000104543 D 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104544 61000104544 D 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104545 61000104545 D 6 60 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104546 61000104546 D 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104547 61000104547 D 8 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104548 61000104548 D 9 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104549 61000104549 D 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104550 61000104550 E 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104551 61000104551 E 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104552 61000104552 E 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104553 61000104553 E 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104554 61000104554 E 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104555 61000104555 E 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104556 61000104556 E 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104557 61000104557 E 8 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104558 61000104558 F 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104559 61000104559 F 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104560 61000104560 F 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104561 61000104561 F 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-3 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104562 61000104562 F 9 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104563 61000104563 F 10 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104564 61000104564 F 11 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104565 61000104565 F 12 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104566 61000104566 F 13 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104567 61000104567 F 14 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104568 61000104568 G 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104569 61000104569 G 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104570 61000104570 G 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104571 61000104571 G 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104572 61000104572 G 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104573 61000104573 G 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104574 61000104574 G 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104575 61000104575 G 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104576 61000104576 G 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104577 61000104577 G 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104578 61000104578 G 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104579 61000104579 G 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104580 61000104580 G 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104581 61000104581 G 15 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104582 61000104582 G 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104583 61000104583 G 17 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104584 61000104584 G 18 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104585 61000104585 G 19 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104586 61000104586 G 20 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104587 61000104587 H 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104588 61000104588 H 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104589 61000104589 H 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104590 61000104590 H 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104591 61000104591 H 5R-1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104592 61000104592 H 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104593 61000104593 H 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104594 61000104594 H 8 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104595 61000104595 H 9 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104596 61000104596 H 10 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104597 61000104597 H 11 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104598 61000104598 H 12 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104599 61000104599 H 13 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104600 61000104600 H 14 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104601 61000104601 H 15 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104602 61000104602 H 16 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104603 61000104603 H 17 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104604 61000104604 H 18 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 A-1-4 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104605 61000104605 H 19 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104606 61000104606 H 20 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104607 61000104607 H 21 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104608 61000104608 H 22 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104609 61000104609 H 23 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104610 61000104610 H 24 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104611 61000104611 H 25 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104612 61000104612 H 26 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104613 61000104613 H 27 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104614 61000104614 H 28 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104615 61000104615 H 29R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104616 61000104616 H 30R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104617 61000104617 H 31R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104618 61000104618 H 32R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104619 61000104619 H 33R 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104620 61000104620 H 34 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104621 61000104621 H 35 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104622 61000104622 H 36 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104623 61000104623 H 37 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104624 61000104624 H 38 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104625 61000104625 H 39 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104626 61000104626 H 40 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104627 61000104627 J 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104628 61000104628 J 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104629 61000104629 J 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104630 61000104630 J 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104631 61000104631 J 5 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104632 61000104632 J 6 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104633 61000104633 J 7 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104634 61000104634 J 8 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104635 61000104635 J 9 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104636 61000104636 J 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104637 61000104637 J 11 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104638 61000104638 J 12 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104639 61000104639 J 13 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104640 61000104640 J 14 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104650 61000104650 J 15 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104651 61000104651 J 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104652 61000104652 J 17 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104653 61000104653 J 18 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104654 61000104654 J 19 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104655 61000104655 J 20 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104656 61000104656 J 21 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 A-1-5 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104657 61000104657 J 22 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104658 61000104658 J 23 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104660 61000104660 K 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104661 61000104661 K 2 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104662 61000104662 K 3 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104663 61000104663 K 4 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104664 61000104664 K 5 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104665 61000104665 K 6 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104666 61000104666 K 7 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104667 61000104667 K 8 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104668 61000104668 K 9 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104669 61000104669 K 10 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104670 61000104670 K 11 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104671 61000104671 K 12 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104672 61000104672 K 13 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104673 61000104673 K 14 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104674 61000104674 L 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104675 61000104675 L 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104676 61000104676 L 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104677 61000104677 L 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104678 61000104678 L 5 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104679 61000104679 L 6 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104680 61000104680 L 7 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104681 61000104681 L 8 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104682 61000104682 L 9 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104683 61000104683 L 10 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104684 61000104684 L 11 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104685 61000104685 L 12 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104686 61000104686 L 13 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104687 61000104687 L 14 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104688 61000104688 L 15 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104689 61000104689 L 16 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104690 61000104690 L 17 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104691 61000104691 L 18 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104692 61000104692 L 19 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104693 61000104693 L 20 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104694 61000104694 L 21 35 0.11% $5,392.06 $180.86 $246.97 $26.96 $21.25 $476.04 R000104695 61000104695 L 22 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104696 61000104696 L 23 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104697 61000104697 L 24 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104698 61000104698 L 25 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104699 61000104699 L 26 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104700 61000104700 L 27 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 A-1-6 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104701 61000104701 L 28 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104702 61000104702 L 29 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104703 61000104703 L 30 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104704 61000104704 L 31 60 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104705 61000104705 L 32 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104706 61000104706 L 33 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104707 61000104707 L 34 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104708 61000104708 M 8 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104709 61000104709 M 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104710 61000104710 M 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104711 61000104711 R 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104712 61000104712 R 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104713 61000104713 R 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104714 61000104714 R 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104715 61000104715 R 8 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104716 61000104716 R 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104717 61000104717 R 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104718 61000104718 R 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104719 61000104719 R 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104720 61000104720 R 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104721 61000104721 R 14 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104722 61000104722 R 15 60 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104723 61000104723 R 16 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104724 61000104724 R 17 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104725 61000104725 R 18 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104727 61000104727 R 20 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104728 61000104728 R 21 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104729 61000104729 R 22 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104730 61000104730 R 23 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104731 61000104731 R 24 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104732 61000104732 R 25 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104733 61000104733 R 26 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104734 61000104734 R 27 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104735 61000104735 S 1R-1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104736 61000104736 S 2 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104737 61000104737 S 3 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104738 61000104738 S 4 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104739 61000104739 S 5 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104740 61000104740 S 6 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104741 61000104741 S 7 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104742 61000104742 S 8 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104743 61000104743 S 9 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104744 61000104744 S 10 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 A-1-7 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104745 61000104745 S 11 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104746 61000104746 S 12 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104747 61000104747 S 13 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104748 61000104748 S 14 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104749 61000104749 S 15 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104750 61000104750 S 16 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104751 61000104751 S 17 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104752 61000104752 S 18 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104753 61000104753 S 19 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104754 61000104754 S 20 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104755 61000104755 S 21 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104756 61000104756 S 22 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104757 61000104757 S 23 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104758 61000104758 S 24 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104759 61000104759 S 25 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104760 61000104760 T I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104761 61000104761 U 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104762 61000104762 U 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104763 61000104763 U 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104764 61000104764 U 4 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104765 61000104765 U 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104766 61000104766 U 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104767 61000104767 U 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104768 61000104768 U 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104769 61000104769 U 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104770 61000104770 U 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104771 61000104771 U 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104772 61000104772 U 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104773 61000104773 U 13 60 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104774 61000104774 U 14 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104775 61000104775 U 15 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104776 61000104776 U 16 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104777 61000104777 U 17 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104778 61000104778 U 18R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104779 61000104779 U 19R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104781 61000104781 V 1 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104782 61000104782 V 2 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104783 61000104783 V 3 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104784 61000104784 V 4 60 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104785 61000104785 V 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104786 61000104786 V 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104787 61000104787 V 7R-IR Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104788 61000104788 V 8 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 A-1-8 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104789 61000104789 V 9 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104790 61000104790 V 10 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104791 61000104791 V 11 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104792 61000104792 V 12 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104793 61000104793 V 13 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104794 61000104794 V 14 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104795 61000104795 V 15R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104796 61000104796 V 16R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104797 61000104797 V 17 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104798 61000104798 V 18 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104799 61000104799 V 19 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104800 61000104800 V 20R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104801 61000104801 V 21R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104803 61000104803 W 1 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104804 61000104804 W 2 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104805 61000104805 W 3 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104806 61000104806 W 4 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104807 61000104807 W 5 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104808 61000104808 W 6 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104809 61000104809 W 7 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104810 61000104810 W 8 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104811 61000104811 X 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104812 61000104812 X 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104813 61000104813 X 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104814 61000104814 X 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104815 61000104815 X 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104816 61000104816 X 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104817 61000104817 X 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104818 61000104818 X 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104819 61000104819 X 9 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104820 61000104820 X 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104821 61000104821 X 11 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104822 61000104822 X 12 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104823 61000104823 X 13 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104824 61000104824 Y 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104825 61000104825 Y 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104826 61000104826 Y 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104827 61000104827 Y 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104828 61000104828 Y 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104829 61000104829 Y 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104830 61000104830 Y 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104831 61000104831 Y 8 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104832 61000104832 Y 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-9 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104833 61000104833 Y 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104834 61000104834 Y 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104835 61000104835 Y 12 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104836 61000104836 Y 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104837 61000104837 Y 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104838 61000104838 Y 15 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104839 61000104839 Y 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104840 61000104840 Y 17 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104841 61000104841 Y 18 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104842 61000104842 Y 19 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104843 61000104843 Y 20 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104844 61000104844 Y 21 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104845 61000104845 Y 22 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104846 61000104846 Y 23 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104847 61000104847 Z 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104848 61000104848 Z 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104849 61000104849 Z 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104850 61000104850 Z 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104851 61000104851 Z 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104852 61000104852 Z 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104853 61000104853 AA 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104854 61000104854 Z 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104855 61000104855 Z 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104856 61000104856 Z 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104858 61000104858 Z 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104859 61000104859 Z 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104860 61000104860 Z 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104861 61000104861 Z 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104862 61000104862 Z 15 50 0.06% $2,878.38 $96.55 $131.84 $14.39 $11.34 $254.12 R000104863 61000104863 Z 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104864 61000104864 Z 17 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104865 61000104865 Z 18 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104866 61000104866 AA 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104867 61000104867 AA 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104868 61000104868 AA 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104869 61000104869 AA 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104870 61000104870 AA 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104872 61000104872 AA 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104873 61000104873 AA 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104874 61000104874 AB 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104875 61000104875 AB 8 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104876 61000104876 AB 9 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104877 61000104877 AB 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-10 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104878 61000104878 AB 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104879 61000104879 AB 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104880 61000104880 AB 13 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104881 61000104881 AB 14 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104882 61000104882 AB 15 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104883 61000104883 AB 16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104884 61000104884 AC 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104885 61000104885 AC 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104886 61000104886 AC 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104887 61000104887 AC 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104888 61000104888 AC 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104889 61000104889 AC 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104890 61000104890 AC 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104891 61000104891 AC 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104892 61000104892 AC 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104893 61000104893 AC 10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104894 61000104894 AC 11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104895 61000104895 AC 12 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104896 61000104896 AC 13 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104897 61000104897 AD 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104898 61000104898 AD 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104899 61000104899 AD 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104900 61000104900 AD 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104901 61000104901 AD 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104902 61000104902 AD 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104903 61000104903 AD 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104904 61000104904 AD 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104905 61000104905 AE 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104906 61000104906 AF 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104907 61000104907 AF 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104908 61000104908 AF 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104909 61000104909 AF 4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104910 61000104910 AF 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104911 61000104911 AF 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104912 61000104912 AF 7 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104913 61000104913 AF 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104914 61000104914 AG 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104915 61000104915 AG 2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104916 61000104916 AG 3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104917 61000104917 AG 4 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104918 61000104918 AG 5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104919 61000104919 AG 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104920 61000104920 AG 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-11 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104921 61000104921 AG 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104922 61000104922 AG 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104923 61000104923 AG 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104924 61000104924 AG 11 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104925 61000104925 AG 12 70 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104926 61000104926 AH 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104927 61000104927 AH 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104928 61000104928 AH 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104929 61000104929 AH 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104930 61000104930 AH 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104931 61000104931 AH 6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104932 61000104932 AH 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104933 61000104933 AH 8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104934 61000104934 AH 9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104935 61000104935 AH 10 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104936 61000104936 AH 11 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104937 61000104937 AH 12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104938 61000104938 AH 13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104939 61000104939 AH 14 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104940 61000104940 AH 15 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104941 61000104941 AH 16 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104942 61000104942 AH 17 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104943 61000104943 AH 18 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104944 61000104944 AH 19 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000104945 61000104945 AH 20 50 Prepaid Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000104947 61000104947 AH 21R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104948 61000104948 AH 22R 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104949 61000104949 AH 23R 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104951 61000104951 AH 25 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104952 61000104952 AH 26 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104953 61000104953 AH 27 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104954 61000104954 AH 28R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104955 61000104955 AH 29R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104956 61000104956 AH 30R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104957 61000104957 AH 31R 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104958 61000104958 AH 32R 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104960 61000104960 AJ 1 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104961 61000104961 AJ 2 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104962 61000104962 AJ 3 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104963 61000104963 AJ 4 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104964 61000104964 AJ 5 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104965 61000104965 AJ 6 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104966 61000104966 AJ 7 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 A-1-12 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000104967 61000104967 AJ 8 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104968 61000104968 AJ 9 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104969 61000104969 AJ 10 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104970 61000104970 AJ 11 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104971 61000104971 AJ 12 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104972 61000104972 AJ 13 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104973 61000104973 AJ 14 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104974 61000104974 AJ 15 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104980 61000104980 AJ 16 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104981 61000104981 AJ 17 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104982 61000104982 AJ 18 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104983 61000104983 AJ 19 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104984 61000104984 AJ 20 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104985 61000104985 AJ 21 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104986 61000104986 AJ 22 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104987 61000104987 AJ 23 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104988 61000104988 AJ 24 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000104989 61000104989 AJ 25 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104990 61000104990 AJ 26 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104991 61000104991 AJ 27 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104992 61000104992 AJ 28 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000104993 61000104993 AL I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104994 61000104994 AM I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104995 61000104995 AN I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104996 61000104996 AP I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104997 61000104997 AQ I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000104998 61000104998 AR I Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000105070 61000105070 R 19 60 0.17% $8,249.36 $276.70 $377.84 $41.25 $32.51 $728.30 R000105077 61000105077 Z 7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105372 61000105372 H 5R-2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105373 61000105373 H 5R-3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105374 61000105374 H 5R-4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105375 61000105375 H 5R-5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105376 61000105376 H 5R-6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105377 61000105377 H 5R-7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105378 61000105378 H 5R-8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105379 61000105379 H 5R-9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105381 61000105381 S 1R-2 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105384 61000105384 S 1R-3 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105385 61000105385 S 1R-4 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105386 61000105386 S 1R-5 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105388 61000105388 S 1R-6 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105389 61000105389 S 1R-7 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 A-1-13 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000105390 61000105390 S 1R-8 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105391 61000105391 S 1R-9 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105392 61000105392 S 1R-10 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105393 61000105393 S 1R-11 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105394 61000105394 S 1R-12 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105395 61000105395 S 1R-13 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105396 61000105396 S 1R-14 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000105397 61000105397 S 1R-15 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000105398 61000105398 S 1R-16 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000105399 61000105399 S 7R-2 70 0.22% $10,515.36 $352.71 $481.63 $52.58 $41.44 $928.35 R000105826 61000105826 A 1 50 0.14% $6,703.89 $224.86 $307.06 $33.52 $26.42 $591.86 R000108213 61000108213 C 2 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108214 61000108214 C 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108215 61000108215 C 4 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108216 61000108216 C 5 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108217 61000108217 C 6 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108218 61000108218 C 7 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108219 61000108219 C 8 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108220 61000108220 C 9 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108221 61000108221 C 10 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108222 61000108222 C 11 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108223 61000108223 C 12 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108224 61000108224 C 13 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108225 61000108225 C 14 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108226 61000108226 C 15 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108227 61000108227 D 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108229 61000108229 E 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108230 61000108230 E 2 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108231 61000108231 E 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108232 61000108232 E 2 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108233 61000108233 E 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108234 61000108234 E 4 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108235 61000108235 E 5 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108236 61000108236 E 6 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108237 61000108237 E 7 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108238 61000108238 E 8 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108239 61000108239 E 9 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108240 61000108240 F 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108241 61000108241 G 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108242 61000108242 G 2 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108243 61000108243 H 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108244 61000108244 H 2 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108245 61000108245 H 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 A-1-14 ADDendix A-1 Improvement Area #1 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000108246 61000108246 J 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108247 61000108247 J 2 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108248 61000108248 J 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108249 61000108249 J 4 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108250 61000108250 J 5 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108251 61000108251 J 6 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108252 61000108252 J 7 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108253 61000108253 J 8 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108254 61000108254 K 1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000108255 61000108255 K 2 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108256 61000108256 K 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108257 61000108257 L 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108258 61000108258 L 2 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108259 61000108259 L 3 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 R000108260 61000108260 M 1 Custom 0.36% $17,433.51 $584.76 $798.50 $87.17 $68.70 $1,539.13 TOTAL 100% $4,821,738.43 $161,731.98 $220,848.96 $24,108.69 $19,000.00 $425,689.63 A-1-15 APPENDIX A-2 IMPROVEMENT AREA #2 ASSESSMENT ROLL Appendix A-2 Improvement Area #2 Assessment Roll Parcel All Parcels Units 553 Original Assessment $5,850,000 Outstanding Assessment $4,191,000 Year 1 Principal2 Interest2 Net Debt Service Administrative Expenses Additional Interest3 Total Annual Installment 9/1/2021 $89,909 $258,623 $348,532 $53,133 $0 $401,665 9/1/2022 $93,564 $253,122 $346,686 $55,526 $0 $402,212 9/1/2023 $97,062 $245,821 $342,883 $55,526 $0 $398,409 9/1/2024 $101,479 $241,270 $342,749 $55,526 $0 $398,275 9/1/2025 $96,000 $219,327 $315,327 $35,000 $20,615 $370,942 9/1/2026 $128,821 $186,590 $315,411 $18,000 $17,107 $350,518 9/1/2027 $135,812 $180,148 $315,960 $56,433 $19,490 $391,883 9/1/2028 $143,801 $173,358 $317,159 $55,913 $18,810 $391,882 9/1/2029 $150,791 $166,168 $316,959 $56,833 $18,090 $391,882 9/1/2030 $158,780 $158,628 $317,408 $57,138 $17,335 $391,881 9/1/2031 $167,768 $150,689 $318,457 $56,883 $16,540 $391,880 9/1/2032 $177,756 $142,301 $320,056 $56,123 $15,700 $391,879 9/1/2033 $186,743 $133,413 $320,156 $56,913 $14,810 $391,879 9/1/2034 $196,729 $124,076 $320,805 $57,198 $13,875 $391,878 9/1/2035 $207,715 $114,239 $321,954 $57,033 $12,890 $391,877 9/1/2036 $217,702 $105,931 $323,633 $56,393 $11,850 $391,876 9/1/2037 $226,689 $97,222 $323,911 $57,203 $10,760 $391,874 9/1/2038 $237,675 $87,872 $325,547 $56,702 $9,625 $391,873 9/1/2039 $248,660 $78,067 $326,728 $56,709 $8,435 $391,872 9/1/2040 $259,646 $67,810 $327,456 $57,225 $7,190 $391,871 9/1/2041 $272,629 $56,775 $329,404 $56,575 $5,890 $391,869 9/1/2042 $284,612 $45,189 $329,800 $57,543 $4,525 $391,868 9/1/2043 $301,591 $30,958 $332,549 $56,218 $3,100 $391,866 9/1/2044 $317,569 $15,878 $333,447 $56,828 $1,590 $391,865 9/1/2045 $0 $0 $0 $0 $0 $0 9/1/2046 $0 $0 $0 $0 $0 $0 9/1/2047 $0 $0 $0 $0 $0 $0 9/1/2048 $0 $0 $0 $0 $0 $0 9/1/2049 $0 $0 $0 $0 $0 $0 9/1/2050 $0 $0 $0 $0 $0 $0 Total $4,499,502 $3,333,474 $7,832,976 $1,294,574 $248,227 $9,375,777 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Areas #1-3 Bonds. 2 – Assessment years ending 2021 through 2026 reflect actual Annual Installments amounts collected. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. 3 – Additional Interest will be collected at 0.5% and will be used for Delinquency and Prepayment Reserve. ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Property ID (Parker) Property ID (Tarrant) Block # Lot Lot Size Allocation Percentage of Assessment Assessment Per Unit Principal Interest Additional Interest for Reserves Administrative Expense Total Annual Installment R000110119 61000110119 1 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110120 61000110120 1 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110121 61000110121 1 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110122 61000110122 1 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110123 61000110123 1 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110124 61000110124 1 7 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000110125 61000110125 1 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110126 61000110126 1 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110129 61000110129 2 2 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110130 61000110130 2 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110131 61000110131 2 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110132 61000110132 2 5 Garden Home Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110133 61000110133 2 6 Garden Home Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110134 61000110134 2 7 Garden Home Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110135 61000110135 2 8 Garden Home Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110136 61000110136 2 9 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000110137 61000110137 2 10 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110138 61000110138 2 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000110139 61000110139 2 12 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000110140 61000110140 2 13 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110141 61000110141 2 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110143 61000110143 2 16 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110144 61000110144 2 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110147 61000110147 3 2 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110148 61000110148 3 3 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000110149 61000110149 3 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000110150 61000110150 3 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000110151 61000110151 3 6 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000110152 61000110152 3 7 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000110153 61000110153 3 8 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110154 61000110154 3 9 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110155 61000110155 3 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110156 61000110156 3 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110157 61000110157 3 12 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110158 61000110158 3 13 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110160 61000110160 3 15 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110161 61000110161 3 16 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110162 61000110162 3 17 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110163 61000110163 3 18 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110164 61000110164 3 19 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110165 61000110165 3 20 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110166 61000110166 3 21 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110167 61000110167 3 22 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 B-1-1 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000110168 61000110168 3 23 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110170 61000110170 4 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110171 61000110171 4 2 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110173 61000110173 4 4 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110174 61000110174 4 5 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110175 61000110175 4 6 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000110176 61000110176 4 7 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000110177 61000110177 4 8 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110178 61000110178 4 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110179 61000110179 5 1 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110180 61000110180 5 2 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110181 61000110181 5 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110182 61000110182 5 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110184 61000110184 6 2 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110185 61000110185 6 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110186 61000110186 6 4 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110187 61000110187 6 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110188 61000110188 6 22 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000110189 61000110189 6 23 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110190 61000110190 6 24 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110191 61000110191 6 25 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110192 61000110192 6 26 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000110193 61000110193 6 27 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000110195 61000110195 6 29 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000110196 61000110196 6 30 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112467 61000112467 21 1 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112468 61000112468 21 2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112469 61000112469 21 3 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112470 61000112470 21 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112471 61000112471 21 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112472 61000112472 21 6 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112473 61000112473 21 7 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112474 61000112474 21 8 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112475 61000112475 21 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112476 61000112476 21 10 Townhome Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112477 61000112477 21 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112481 61000112481 21 15 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112482 61000112482 21 16 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112483 61000112483 21 17 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112484 61000112484 21 18 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112485 61000112485 21 19 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112486 61000112486 21 20 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112487 61000112487 21 21 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 B-1-2 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112488 61000112488 21 22 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112489 61000112489 21 23 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112490 61000112490 21 24 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112491 61000112491 21 25 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112492 61000112492 21 26 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112493 61000112493 21 27 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112494 61000112494 21 28A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112495 61000112495 21 29A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112496 61000112496 21 30A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112498 61000112498 21 32A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112499 61000112499 21 33A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112500 61000112500 21 34A Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112501 61000112501 21 35 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112502 61000112502 21 36 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112503 61000112503 21 37 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112504 61000112504 21 38 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112505 61000112505 21 39 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112506 61000112506 21 40 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112507 61000112507 21 41 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112508 61000112508 21 42 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112509 61000112509 21 43 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112510 61000112510 21 44 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112511 61000112511 22 1 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112512 61000112512 22 2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112513 61000112513 22 3 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112514 61000112514 22 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112515 61000112515 22 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112516 61000112516 22 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112518 61000112518 22 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112519 61000112519 22 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112520 61000112520 22 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112521 61000112521 22 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112522 61000112522 22 12 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112523 61000112523 22 13 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112524 61000112524 22 14 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112525 61000112525 22 15 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112526 61000112526 22 16 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112527 61000112527 22 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112528 61000112528 22 18 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112529 61000112529 22 19 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112530 61000112530 22 20 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112531 61000112531 22 21 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112532 61000112532 22 22 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 B-1-3 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112533 61000112533 22 23 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112534 61000112534 22 24 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112535 61000112535 22 25 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112536 61000112536 22 26 50 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112537 61000112537 22 27 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112538 61000112538 22 28 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112539 61000112539 22 29 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112540 61000112540 22 30 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112541 61000112541 22 31 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112542 61000112542 22 32 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112543 61000112543 22 33 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112544 61000112544 22 34 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112545 61000112545 22 35 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112547 61000112547 22 37 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112548 61000112548 22 38 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112549 61000112549 22 39 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112550 61000112550 22 40 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112551 61000112551 22 41 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112552 61000112552 22 42 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112553 61000112553 22 43 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112554 61000112554 22 44 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112555 61000112555 22 45 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112556 61000112556 22 46 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112557 61000112557 22 47 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112558 61000112558 22 48 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112559 61000112559 22 49 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112560 61000112560 22 50 Garden Home 0.11% $4,446.33 $142.43 $202.98 $22.23 $19.90 $387.55 R000112561 61000112561 22 51 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112562 61000112562 22 52 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112563 61000112563 22 53 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112564 61000112564 22 54 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112566 61000112566 23 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112567 61000112567 23 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112568 61000112568 23 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112569 61000112569 23 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112570 61000112570 23 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112571 61000112571 23 6 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112573 61000112573 23 8 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112574 61000112574 23 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112575 61000112575 23 10 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112576 61000112576 23 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112577 61000112577 23 12 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112578 61000112578 23 13 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 B-1-4 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112579 61000112579 23 14 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112580 61000112580 23 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112581 61000112581 23 16 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112582 61000112582 23 17 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112583 61000112583 23 18 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112584 61000112584 23 19 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112585 61000112585 23 20 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112586 61000112586 23 21 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112587 61000112587 23 22 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112588 61000112588 23 23 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112591 61000112591 24 1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112592 61000112592 24 2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112593 61000112593 24 3 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112594 61000112594 24 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112595 61000112595 24 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112596 61000112596 24 6 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112597 61000112597 24 7 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112598 61000112598 24 8 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112599 61000112599 24 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112600 61000112600 24 10 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112601 61000112601 24 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112602 61000112602 24 12 Townhome Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112603 61000112603 25 1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112604 61000112604 25 2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112605 61000112605 25 3 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112606 61000112606 25 4 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112607 61000112607 25 5 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112608 61000112608 25 6 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112609 61000112609 25 7 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112610 61000112610 25 8 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112611 61000112611 25 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112612 61000112612 25 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112613 61000112613 25 12 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112614 61000112614 25 13 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112615 61000112615 25 14 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112616 61000112616 25 15 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112617 61000112617 25 16 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112618 61000112618 25 17 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112619 61000112619 25 18 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112620 61000112620 25 19 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112621 61000112621 25 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112622 61000112622 25 20 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112624 61000112624 25 21 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 B-1-5 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112626 61000112626 25 23 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112627 61000112627 25 24 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112628 61000112628 25 25 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112629 61000112629 25 26 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112630 61000112630 25 27 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112631 61000112631 25 28 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112632 61000112632 25 29R-1 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112633 61000112633 25 30 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112634 61000112634 26 1 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112635 61000112635 26 2 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112636 61000112636 26 3 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112637 61000112637 26 4 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112638 61000112638 26 5 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112639 61000112639 26 6 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112640 61000112640 26 7 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112641 61000112641 26 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112642 61000112642 26 9 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112643 61000112643 26 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112644 61000112644 26 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112645 61000112645 26 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112646 61000112646 26 13 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112647 61000112647 26 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112648 61000112648 26 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112649 61000112649 26 16 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112650 61000112650 26 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112651 61000112651 26 18 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112652 61000112652 26 19 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112653 61000112653 26 20 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112654 61000112654 26 21 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112655 61000112655 26 22 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112656 61000112656 27 1 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112657 61000112657 27 2 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112658 61000112658 27 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112659 61000112659 27 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112660 61000112660 27 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112661 61000112661 27 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112662 61000112662 27 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112663 61000112663 27 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112664 61000112664 27 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112665 61000112665 27 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112666 61000112666 27 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112668 61000112668 27 13 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112669 61000112669 27 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 B-1-6 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112670 61000112670 27 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112671 61000112671 27 16 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112672 61000112672 27 17 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112673 61000112673 27 18 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112674 61000112674 27 19 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112675 61000112675 27 20 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112677 61000112677 28 1 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112678 61000112678 28 2 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112680 61000112680 28 4 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112681 61000112681 28 5 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112682 61000112682 28 6 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112683 61000112683 28 7 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112684 61000112684 28 8 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112685 61000112685 28 9 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112686 61000112686 28 10 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112687 61000112687 28 11 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112689 61000112689 29 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112690 61000112690 29 2 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112691 61000112691 29 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112692 61000112692 29 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112693 61000112693 29 5 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112695 61000112695 30 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112696 61000112696 30 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112697 61000112697 30 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112698 61000112698 30 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112699 61000112699 30 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112700 61000112700 30 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112701 61000112701 30 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112703 61000112703 30 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112704 61000112704 30 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112705 61000112705 30 11 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112706 61000112706 30 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112707 61000112707 30 13 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112708 61000112708 30 14 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112709 61000112709 30 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112710 61000112710 30 16 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112711 61000112711 30 17 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112712 61000112712 30 18 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112713 61000112713 31 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112714 61000112714 31 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112715 61000112715 31 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112716 61000112716 31 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112717 61000112717 31 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 B-1-7 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112718 61000112718 31 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112719 61000112719 31 7 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112720 61000112720 31 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112721 61000112721 31 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112722 61000112722 31 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112723 61000112723 31 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112724 61000112724 31 12 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112725 61000112725 31 13 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112726 61000112726 31 14 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112727 61000112727 31 15 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112728 61000112728 32 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112729 61000112729 32 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112730 61000112730 32 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112731 61000112731 32 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112732 61000112732 32 5 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112733 61000112733 32 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112734 61000112734 32 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112735 61000112735 32 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112736 61000112736 32 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112737 61000112737 32 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112739 61000112739 32 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112740 61000112740 32 13 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112741 61000112741 32 14 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112742 61000112742 32 15 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112743 61000112743 32 16R-1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112744 61000112744 32 17R-1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112746 61000112746 32 19 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112747 61000112747 32 20R-1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112751 61000112751 32 21 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112752 61000112752 32 22 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112753 61000112753 32 23 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112754 61000112754 32 24 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112755 61000112755 32 25 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112756 61000112756 32 26 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112757 61000112757 32 27 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112758 61000112758 32 28 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112759 61000112759 32 29 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112760 61000112760 32 30R-1 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112762 61000112762 32 31 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112763 61000112763 32 32 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112764 61000112764 32 33 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112765 61000112765 32 34 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112766 61000112766 32 35 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 B-1-8 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112767 61000112767 32 36 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112768 61000112768 32 37 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112769 61000112769 32 38 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112770 61000112770 32 39 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112771 61000112771 32 40 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112772 61000112772 32 41 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112773 61000112773 33 1 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112774 61000112774 33 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112775 61000112775 33 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112776 61000112776 33 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112777 61000112777 33 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112778 61000112778 33 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112779 61000112779 33 7 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112780 61000112780 33 8 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112781 61000112781 33 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112782 61000112782 33 10 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112783 61000112783 33 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112784 61000112784 33 12 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112785 61000112785 33 13 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112786 61000112786 33 14 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112787 61000112787 33 15 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112788 61000112788 33 16 Townhome Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112789 61000112789 33 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112790 61000112790 33 18 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112791 61000112791 33 19 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112792 61000112792 33 20 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112793 61000112793 33 21 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112794 61000112794 34 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112795 61000112795 34 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112796 61000112796 34 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112797 61000112797 34 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112798 61000112798 34 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000112799 61000112799 34 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112800 61000112800 34 7 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112801 61000112801 34 8 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112802 61000112802 34 9 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112803 61000112803 34 10 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112804 61000112804 34 11 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000112805 61000112805 34 12 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112806 61000112806 35 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112807 61000112807 35 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112808 61000112808 35 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112809 61000112809 35 4 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 B-1-9 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000112810 61000112810 35 5 70 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112812 61000112812 36 1 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112813 61000112813 36 2 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112814 61000112814 36 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112815 61000112815 36 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000112816 61000112816 36 5 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112817 61000112817 36 6 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000112818 61000112818 36 7 35 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000112819 61000112819 36 8 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000112820 61000112820 36 9 35 0.14% $5,602.38 $179.46 $255.76 $28.01 $25.08 $488.31 R000113485 61000113485 4 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113486 61000113486 4 11 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113487 61000113487 4 12 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113488 61000113488 4 13 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113489 61000113489 4 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113490 61000113490 4 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113491 61000113491 4 16 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113492 61000113492 4 17 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113494 61000113494 4 18 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113495 61000113495 4 19 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113496 61000113496 4 20 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113497 61000113497 4 21 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113498 61000113498 4 22 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113499 61000113499 4 23 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113500 61000113500 4 24 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113501 61000113501 4 25 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113502 61000113502 4 26 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113503 61000113503 4 27 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113504 61000113504 4 28 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113505 61000113505 4 29 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113506 61000113506 4 30 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113507 61000113507 4 31 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113508 61000113508 4 32 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113509 61000113509 4 33 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113510 61000113510 4 34 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113511 61000113511 4 35 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113512 61000113512 4 36 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113513 61000113513 4 37 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113514 61000113514 4 38 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113516 61000113516 5 5 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113517 61000113517 5 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113518 61000113518 5 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113519 61000113519 5 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 B-1-10 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000113520 61000113520 5 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113522 61000113522 6 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113524 61000113524 6 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113526 61000113526 6 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113527 61000113527 6 11 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113528 61000113528 6 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113530 61000113530 6 14 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113531 61000113531 6 15 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113532 61000113532 6 16 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113533 61000113533 6 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113534 61000113534 6 18 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113535 61000113535 6 19 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113536 61000113536 6 20 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113537 61000113537 6 21 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113538 61000113538 7 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113539 61000113539 7 2 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113540 61000113540 7 3 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113541 61000113541 7 4 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113542 61000113542 7 5 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113543 61000113543 7 6 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113544 61000113544 7 7 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113545 61000113545 7 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113546 61000113546 7 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113547 61000113547 7 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113548 61000113548 7 11 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113549 61000113549 8 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113550 61000113550 8 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113551 61000113551 8 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113552 61000113552 8 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113553 61000113553 8 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113557 61000113557 8 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113558 61000113558 8 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113559 61000113559 8 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113560 61000113560 8 9 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113561 61000113561 8 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113562 61000113562 8 11 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113563 61000113563 8 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113564 61000113564 8 13 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113565 61000113565 8 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113566 61000113566 9 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113567 61000113567 9 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113568 61000113568 9 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113569 61000113569 9 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 B-1-11 ADDendix B-1 Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000113570 61000113570 9 5 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113571 61000113571 9 6 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113572 61000113572 9 7 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113573 61000113573 9 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113574 61000113574 9 9 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113575 61000113575 9 10 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113577 61000113577 9 11 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113578 61000113578 9 12 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113579 61000113579 9 13 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113580 61000113580 10 1 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113581 61000113581 10 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113582 61000113582 10 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113583 61000113583 10 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113584 61000113584 10 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113585 61000113585 10 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113586 61000113586 10 7 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000113587 61000113587 10 8 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113588 61000113588 10 9 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113589 61000113589 10 10 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113591 61000113591 10 12 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113592 61000113592 10 13 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113593 61000113593 10 14 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113594 61000113594 10 15 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113595 61000113595 10 16 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113596 61000113596 10 17 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113597 61000113597 10 18 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113598 61000113598 10 19 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113599 61000113599 10 20 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113600 61000113600 11 1 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113601 61000113601 11 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113602 61000113602 11 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113603 61000113603 11 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113604 61000113604 11 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113605 61000113605 11 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113606 61000113606 11 7 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113607 61000113607 11 8 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113608 61000113608 11 9 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113610 61000113610 11 11 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113611 61000113611 11 12 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113612 61000113612 11 13 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113613 61000113613 11 14 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113614 61000113614 11 15 60 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000113615 61000113615 11 16 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 B-1-12 ADDendix B-I Improvement Area #2 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Assessment Per Unit Principal Interest for Reserves Expense Installment R000113617 61000113617 12 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113618 61000113618 12 2 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113619 61000113619 12 3 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113620 61000113620 12 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113621 61000113621 12 5 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113622 61000113622 12 6 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113623 61000113623 12 7 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113624 61000113624 12 8 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113625 61000113625 12 9 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113626 61000113626 12 10 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113629 61000113629 13 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113630 61000113630 13 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113640 61000113640 14 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113641 61000113641 14 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113642 61000113642 14 3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113643 61000113643 14 4 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113644 61000113644 14 5 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113645 61000113645 15 1 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113647 61000113647 15 3 70 0.29% $11,649.40 $373.17 $531.82 $58.25 $52.14 $1,015.38 R000113648 61000113648 15 4 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113649 61000113649 15 5 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113650 61000113650 15 6 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113651 61000113651 15 7 50 0.18% $7,380.91 $236.43 $336.95 $36.90 $33.04 $643.33 R000113652 61000113652 15 8 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113653 61000113653 16 1 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113654 61000113654 16 2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113782 61000113782 21 28B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113784 61000113784 21 29B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113786 61000113786 21 30B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113787 61000113787 21 32B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113788 61000113788 21 33B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113789 61000113789 21 34B Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113790 61000113790 25 29R-2 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113791 61000113791 25 29R-3 60 0.22% $8,981.60 $287.71 $410.03 $44.91 $40.20 $782.85 R000113792 61000113792 32 16R-2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113793 61000113793 32 17R-2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113794 61000113794 32 20R-2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 R000113795 61000113795 32 30R-2 Townhome 0.14% $5,512.04 $176.57 $251.64 $27.56 $24.67 $480.44 TOTAL 100.00% $4,021,489.07 $128,821.22 $183,589.30 $20,107.45 $189000.00 $350,517.97 B-1-13 APPENDIX A-3 IMPROVEMENT AREA #3 ASSESSMENT ROLL Appendix A-3 Improvement Area #3 Assessment Roll Parcel All Parcels Units 701 Assessment $10,750,000 Outstanding Assessment $9,251,000 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Additional Interest3 Total Annual Installment 9/1/2024 $147,122 $596,625 $743,747 $75,000 $0 $818,747 9/1/2025 $211,000 $484,565 $695,565 $55,000 $45,545 $796,110 9/1/2026 $284,114 $410,385 $694,499 $27,000 $41,224 $762,723 9/1/2027 $299,068 $397,384 $696,452 $75,876 $43,065 $815,393 9/1/2028 $316,016 $382,430 $698,446 $75,376 $41,565 $815,387 9/1/2029 $332,967 $366,629 $699,596 $75,811 $39,980 $815,387 9/1/2030 $351,910 $349,981 $701,891 $75,181 $38,310 $815,381 9/1/2031 $369,853 $332,385 $702,238 $76,596 $36,545 $815,379 9/1/2032 $390,790 $313,893 $704,683 $76,001 $34,690 $815,373 9/1/2033 $411,727 $294,353 $706,080 $76,561 $32,730 $815,371 9/1/2034 $434,659 $273,767 $708,426 $76,276 $30,665 $815,367 9/1/2035 $458,587 $252,034 $710,621 $76,256 $28,485 $815,361 9/1/2036 $478,525 $233,690 $712,216 $76,956 $26,185 $815,356 9/1/2037 $501,459 $214,549 $716,009 $75,556 $23,785 $815,349 9/1/2038 $524,390 $193,864 $718,254 $75,820 $21,270 $815,344 9/1/2039 $548,318 $172,233 $720,551 $76,147 $18,640 $815,338 9/1/2040 $573,244 $149,615 $722,859 $76,585 $15,890 $815,334 9/1/2041 $600,161 $125,252 $725,413 $76,897 $13,015 $815,325 9/1/2042 $630,076 $99,746 $729,822 $75,492 $10,005 $815,319 9/1/2043 $663,972 $68,242 $732,213 $76,252 $6,845 $815,310 9/1/2044 $700,862 $35,043 $735,906 $75,882 $3,515 $815,303 9/1/2045 $0 $0 $0 $0 $0 $0 9/1/2046 $0 $0 $0 $0 $0 $0 9/1/2047 $0 $0 $0 $0 $0 $0 9/1/2048 $0 $0 $0 $0 $0 $0 9/1/2049 $0 $0 $0 $0 $0 $0 9/1/2050 $0 $0 $0 $0 $0 $0 9/1/2051 $0 $0 $0 $0 $0 $0 9/1/2052 $0 $0 $0 $0 $0 $0 9/1/2053 $0 $0 $0 $0 $0 $0 Total $9,228,818 $5,746,667 $14,975,485 $1,526,517 $551,954 $17,053,957 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Areas #1-3 Bonds. 2 – Assessment years ending 2023 through 2026 reflect actual Annual Installments amounts collected. Assessment years 2027 through 2031 reflect projected Annual Installments and are subject to change. 3 – Additional Interest will be collected at 0.5% and will be used for Delinquency and Prepayment Reserve. Armendix C-1 Improvement Area #3 Assessment Roll - Summary Property ID (Parker) Property ID (Tarrant) Block # Lot Lot Size Allocation Percentage of Assessment Assessment Per Unit Principal Interest Additional Interest for Reserves Administrative Expense Total Annual Installment R000124993 61000124993 50 01 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000124994 61000124994 50 02 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000124995 61000124995 50 03 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000124996 61000124996 50 04 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000124997 61000124997 50 05 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000124998 61000124998 50 06 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000124999 61000124999 51 01 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125000 61000125000 51 02 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125001 61000125001 51 03 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125002 61000125002 51 04 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125003 61000125003 51 05 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125192 61000125192 51 06 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125193 61000125193 51 07 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125194 61000125194 51 08 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125195 61000125195 51 09 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125196 61000125196 51 10 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125197 61000125197 51 11 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125198 61000125198 51 12 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125199 61000125199 51 13 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125200 61000125200 51 14 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125201 61000125201 51 15 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125202 61000125202 51 16 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125203 61000125203 51 17 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125204 61000125204 51 18 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000125205 61000125205 51 19 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125206 61000125206 51 20 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125207 61000125207 51 21 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125208 61000125208 51 22 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125209 61000125209 51 23 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125210 61000125210 51 24 55 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000125211 61000125211 51 25 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125212 61000125212 51 26 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125213 61000125213 51 27 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125214 61000125214 51 28 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125215 61000125215 51 29 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125216 61000125216 51 30 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125217 61000125217 51 31 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125218 61000125218 52 01 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125219 61000125219 52 02 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125220 61000125220 52 03 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125221 61000125221 52 04 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125222 61000125222 52 05 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125223 61000125223 52 06 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125224 61000125224 52 07 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125225 61000125225 52 08 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125226 61000125226 52 09 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 C-1-1 Armendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000125227 61000125227 52 10 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125228 61000125228 52 11 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125229 61000125229 52 12 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125230 61000125230 52 13 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125231 61000125231 52 14 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000125232 61000125232 52 15 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125233 61000125233 52 16 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125234 61000125234 52 17 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125235 61000125235 52 18 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125236 61000125236 52 19 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125237 61000125237 52 20 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125238 61000125238 52 21 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125239 61000125239 52 22 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125240 61000125240 52 23 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125241 61000125241 52 24 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125242 61000125242 52 25 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125243 61000125243 52 26 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125244 61000125244 52 27 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125245 61000125245 52 28 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125246 61000125246 52 29 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125247 61000125247 52 30 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125248 61000125248 52 31 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125249 61000125249 52 32 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125250 61000125250 52 33 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125254 61000125254 53 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125255 61000125255 53 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125256 61000125256 53 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125257 61000125257 53 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125258 61000125258 53 05 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125259 61000125259 53 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125260 61000125260 53 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125261 61000125261 53 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125262 61000125262 53 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125263 61000125263 53 10 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125264 61000125264 53 11 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125265 61000125265 53 12 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125266 61000125266 53 13 Townhome (25-33) 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000127919 61000127919 Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000125267 61000125267 53 14 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125268 61000125268 53 15 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125269 61000125269 53 16 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125270 61000125270 53 18 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125271 61000125271 53 19 Townhome (25-33) 0.12% $5,309.60 $170.56 $244.56 $26.55 $16.21 $457.87 R000127906 61000127906 $5,309.60 $170.56 $244.56 $26.55 $16.21 $457.87 R000125272 61000125272 53 20 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125273 61000125273 53 21 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 C-1-2 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000125274 61000125274 53 22 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125275 61000125275 53 23 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125276 61000125276 53 24 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125277 61000125277 53 25 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125278 61000125278 53 26 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125279 61000125279 53 27 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125280 61000125280 53 28 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125281 61000125281 53 29 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125282 61000125282 53 30 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125284 61000125284 53 31 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125285 61000125285 53 32 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125286 61000125286 53 33 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125287 61000125287 53 34 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125288 61000125288 53 35 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125289 61000125289 53 36 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125290 61000125290 53 37 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125291 61000125291 53 38 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125292 61000125292 53 39 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125293 61000125293 53 40 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125294 61000125294 53 41 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125295 61000125295 53 42 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125296 61000125296 53 43 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125297 61000125297 53 44 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125298 61000125298 53 45 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125299 61000125299 53 46 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125300 61000125300 53 47 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125301 61000125301 53 48 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125302 61000125302 53 49 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125303 61000125303 53 50 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125304 61000125304 53 51 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125305 61000125305 53 52 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125306 61000125306 53 53 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125307 61000125307 54 01 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125308 61000125308 54 02 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125309 61000125309 54 03 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125310 61000125310 54 04 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125311 61000125311 54 05 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125312 61000125312 54 06 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125313 61000125313 54 07 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125314 61000125314 54 08 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125315 61000125315 54 09 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125316 61000125316 54 10 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125317 61000125317 54 11 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125318 61000125318 54 12 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125319 61000125319 54 13 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125320 61000125320 54 14 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 C-1-3 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000125321 61000125321 54 15 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125322 61000125322 54 16 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125323 61000125323 54 17 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125324 61000125324 54 18 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125325 61000125325 54 19 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125326 61000125326 54 20 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125327 61000125327 54 21 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125328 61000125328 54 22 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125329 61000125329 54 23 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125330 61000125330 54 24 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125331 61000125331 54 25 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125332 61000125332 54 26 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125333 61000125333 54 27 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125334 61000125334 54 28 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125335 61000125335 54 29 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125336 61000125336 54 30 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125337 61000125337 54 31 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125338 61000125338 54 32 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125339 61000125339 54 33 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125340 61000125340 54 34 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125341 61000125341 54 35 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125342 61000125342 54 36 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125343 61000125343 55 01 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125344 61000125344 55 02 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125345 61000125345 55 03 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125346 61000125346 55 04 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125347 61000125347 55 05 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125348 61000125348 55 06 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000125350 61000125350 55 07 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125351 61000125351 55 08 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125352 61000125352 55 09 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125353 61000125353 55 10 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125354 61000125354 55 11 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125355 61000125355 59 01 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125356 61000125356 59 02 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125357 61000125357 59 03 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000125358 61000125358 60 01 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125359 61000125359 60 02 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125360 61000125360 60 03 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125361 61000125361 60 04 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125362 61000125362 60 05 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125364 61000125364 60 06 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125365 61000125365 60 07 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125366 61000125366 60 08 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125367 61000125367 60 09 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125368 61000125368 60 10 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 C-1-4 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000125369 61000125369 60 11 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125370 61000125370 60 12 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125371 61000125371 60 13 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125372 61000125372 60 14 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125373 61000125373 60 15 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125374 61000125374 60 16 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125375 61000125375 60 17 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125376 61000125376 60 19 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000125377 61000125377 60 20 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000125378 61000125378 60 21 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125379 61000125379 60 22 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125380 61000125380 60 23 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125381 61000125381 60 24 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125382 61000125382 60 25 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125383 61000125383 60 26 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125384 61000125384 60 27 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125385 61000125385 60 28 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125386 61000125386 60 29 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125387 61000125387 60 30 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125388 61000125388 60 31 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125389 61000125389 60 32 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125390 61000125390 60 33 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125391 61000125391 60 34 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125392 61000125392 60 35 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125393 61000125393 60 36 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125394 61000125394 60 37 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125395 61000125395 60 38 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125396 61000125396 60 39 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125397 61000125397 60 40 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125398 61000125398 60 41 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125399 61000125399 60 42 4-Pack 0.09% $7,723.05 $248.08 $355.72 $38.62 $23.58 $665.99 R000125400 61000125400 60 43 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125401 61000125401 60 44 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125402 61000125402 60 45 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125403 61000125403 60 46 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125404 61000125404 60 47 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125405 61000125405 60 48 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125406 61000125406 60 49 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125407 61000125407 60 50 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125408 61000125408 60 51 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125409 61000125409 60 52 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125410 61000125410 60 53 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125411 61000125411 60 54 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125412 61000125412 60 55 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125413 61000125413 60 56 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125414 61000125414 60 57 55 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 C-1-5 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000125415 61000125415 60 58 55 ` 0.15% $12,839.58 $412.44 $591.39 $64.20 $39.19 $1,107.22 R000125987 61000125987 72 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125988 61000125988 72 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125989 61000125989 72 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125990 61000125990 72 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125991 61000125991 72 05 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125992 61000125992 72 06 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125993 61000125993 72 07 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125994 61000125994 72 08 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125995 61000125995 72 09 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125996 61000125996 72 10 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125997 61000125997 72 11 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125998 61000125998 72 12 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000125999 61000125999 72 13 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126000 61000126000 72 14 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126001 61000126001 72 15 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126002 61000126002 72 16 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126003 61000126003 72 17 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126004 61000126004 72 18 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126005 61000126005 72 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126006 61000126006 $4,219.90 $135.55 $194.37 $21.10 $12.88 $363.90 R000128975 61000128975 72 20 50 0.14% $8 452.16 $271.50 $389.30 $42.26 $25.80 $728.87 R000126007 61000126007 72 21 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126008 61000126008 72 22 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126009 61000126009 72 23 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126010 61000126010 72 24 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126011 61000126011 72 25 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126012 61000126012 72 26 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126013 61000126013 73 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126014 61000126014 73 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126015 61000126015 73 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126016 61000126016 73 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126017 61000126017 73 05 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126018 61000126018 73 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126019 61000126019 73 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126020 61000126020 73 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126021 61000126021 73 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126022 61000126022 73 10 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126023 61000126023 73 11 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126024 61000126024 73 12 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126025 61000126025 73 13 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126026 61000126026 73 14 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126027 61000126027 73 15 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126028 61000126028 73 16 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126029 61000126029 73 17 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126030 61000126030 73 18 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 C-1-6 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000126031 61000126031 73 19 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126032 61000126032 73 20 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126033 61000126033 73 21 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126034 61000126034 73 22 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126035 61000126035 73 23 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126036 61000126036 73 24 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126037 61000126037 74 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126038 61000126038 74 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126039 61000126039 74 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126040 61000126040 74 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126041 61000126041 74 05 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126042 61000126042 74 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126043 61000126043 74 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126044 61000126044 74 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126045 61000126045 74 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126046 61000126046 74 10 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126047 61000126047 74 11 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126048 61000126048 74 12 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126049 61000126049 74 13 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126050 61000126050 74 14 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126051 61000126051 74 15 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126052 61000126052 74 16 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126053 61000126053 74 17 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126054 61000126054 74 18 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126055 61000126055 74 19 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126056 61000126056 74 20 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126057 61000126057 74 21 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126058 61000126058 74 22 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126059 61000126059 74 23 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126060 61000126060 74 24 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126061 61000126061 74 25 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126062 61000126062 74 26 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126063 61000126063 74 27 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126064 61000126064 74 28 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126065 61000126065 74 29 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126066 61000126066 74 30 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126067 61000126067 74 31 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126068 61000126068 74 32 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126069 61000126069 74 33 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126070 61000126070 74 34 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126071 61000126071 74 35 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126072 61000126072 74 36 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126073 61000126073 74 37 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126074 61000126074 74 38 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126075 61000126075 74 39 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126076 61000126076 74 40 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 C-1-7 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000126077 61000126077 74 41 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126078 61000126078 74 42 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126079 61000126079 74 43 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126080 61000126080 74 44 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126081 61000126081 74 45 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126082 61000126082 74 46 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126083 61000126083 75 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126084 61000126084 75 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126085 61000126085 75 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126086 61000126086 75 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126087 61000126087 75 05 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126088 61000126088 75 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126089 61000126089 75 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126090 61000126090 75 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126091 61000126091 75 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126092 61000126092 75 10 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126093 61000126093 75 11 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126094 61000126094 75 12 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126095 61000126095 75 13 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126096 61000126096 75 14 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126097 61000126097 75 15 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126098 61000126098 75 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126099 61000126099 75 17 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126100 61000126100 75 18 50 ' 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126101 61000126101 75 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126102 61000126102 75 20 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126103 61000126103 76 01 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126104 61000126104 76 02 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126105 61000126105 76 03 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126106 61000126106 76 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126107 61000126107 76 05 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126108 61000126108 76 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126109 61000126109 76 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126110 61000126110 76 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126111 61000126111 76 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126112 61000126112 76 10 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126113 61000126113 76 11 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126114 61000126114 76 12 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126115 61000126115 76 13 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126116 61000126116 76 14 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126117 61000126117 76 15 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126118 61000126118 76 16 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126119 61000126119 76 17 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126120 61000126120 76 18 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126121 61000126121 77 01 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126122 61000126122 77 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 C-1-8 Armendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000126123 61000126123 77 03 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126124 61000126124 77 04 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126125 61000126125 77 05 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126126 61000126126 77 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126127 61000126127 77 07 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126128 61000126128 77 08 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126129 61000126129 77 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126130 61000126130 77 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126131 61000126131 77 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126132 61000126132 77 12 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126133 61000126133 77 13 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126134 61000126134 77 14 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126135 61000126135 78 01 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126745 61000126745 16 03 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000126746 61000126746 16 04 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000126747 61000126747 16 05 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126748 61000126748 16 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126749 61000126749 16 07 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126750 61000126750 60 02 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126751 61000126751 60 03 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126752 61000126752 60 04 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126753 61000126753 60 05 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126754 61000126754 60 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126755 61000126755 60 07 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126756 61000126756 60 08 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126757 61000126757 60 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126758 61000126758 60 10 50 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000126759 61000126759 60 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126760 61000126760 60 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126761 61000126761 60 13 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126762 61000126762 60 14 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126763 61000126763 60 15 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126764 61000126764 60 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126765 61000126765 60 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126766 61000126766 60 18 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000126767 61000126767 60 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126768 61000126768 60 20 50 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000126769 61000126769 60 21 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126770 61000126770 60 22 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126771 61000126771 60 23 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126772 61000126772 60 24 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126773 61000126773 61 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126774 61000126774 61 03 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126775 61000126775 61 04 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126776 61000126776 61 05 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126777 61000126777 61 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 C-1-9 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000126778 61000126778 61 07 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126779 61000126779 61 08 Townhome(25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126780 61000126780 61 09 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126781 61000126781 61 10 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126784 61000126784 61 13 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126782 61000126782 61 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126783 61000126783 61 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126785 61000126785 61 14 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126786 61000126786 61 15 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126787 61000126787 61 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126788 61000126788 61 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126789 61000126789 61 18 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126790 61000126790 61 19 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126791 61000126791 61 20 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126792 61000126792 61 21 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126793 61000126793 61 22 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126794 61000126794 62 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126795 61000126795 62 03 Townhome(25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126796 61000126796 62 04 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126797 61000126797 62 05 Townhome(25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126798 61000126798 62 06 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126799 61000126799 62 07 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126800 61000126800 62 08 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000126801 61000126801 62 23 70 ' 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000126802 61000126802 62 24 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000126803 61000126803 62 25 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126804 61000126804 62 26 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126805 61000126805 62 27 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126806 61000126806 62 28 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000126807 61000126807 63 08 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126808 61000126808 63 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126809 61000126809 63 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126810 61000126810 63 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126811 61000126811 63 12 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126812 61000126812 63 13 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126813 61000126813 63 14 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126814 61000126814 63 15 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126815 61000126815 63 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000126816 61000126816 63 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127092 61000127092 24 13 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127093 61000127093 24 14 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127094 61000127094 24 15 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127095 61000127095 24 16 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127096 61000127096 24 17 Townhome(25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127097 61000127097 24 18 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127098 61000127098 24 19 Townhome(25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 C-1-10 Armendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000127099 61000127099 24 20 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127100 61000127100 24 21 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127101 61000127101 24 22 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127102 61000127102 24 23 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127103 61000127103 24 24 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127104 61000127104 24 25 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127106 61000127106 24 26 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127107 61000127107 24 27 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127108 61000127108 24 28 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127109 61000127109 24 29 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127110 61000127110 24 30 Townhome (25-33) 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127111 61000127111 24 31 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127112 61000127112 24 32 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127113 61000127113 24 34 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127114 61000127114 24 35 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127115 61000127115 24 36 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127116 61000127116 24 37 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127117 61000127117 24 38 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127118 61000127118 24 33 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000127119 61000127119 24 40 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000127120 61000127120 28 14 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127121 61000127121 28 13 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000127122 61000127122 28 15 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127123 61000127123 28 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127124 61000127124 28 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127125 61000127125 28 18 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127126 61000127126 28 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127127 61000127127 28 20 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127128 61000127128 28 21 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000127129 61000127129 28 22 60 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000127130 61000127130 28 23 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127131 61000127131 28 24 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127132 61000127132 28 25 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127133 61000127133 28 26 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127134 61000127134 28 27 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127135 61000127135 28 28 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127136 61000127136 28 29 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127137 61000127137 28 30 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127138 61000127138 28 31 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127139 61000127139 28 32 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127140 61000127140 28 33 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127141 61000127141 28 34 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127142 61000127142 28 35 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127143 61000127143 28 36 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127144 61000127144 28 37 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127145 61000127145 28 38 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 C-1-11 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000127146 61000127146 28 39 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127147 61000127147 28 40 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127148 61000127148 28 41 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127149 61000127149 28 42 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127150 61000127150 28 43 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127151 61000127151 28 44 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127152 61000127152 28 45 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127153 61000127153 28 46 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127154 61000127154 28 47 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127155 61000127155 28 48 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127156 61000127156 68 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127157 61000127157 68 03 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127158 61000127158 68 04 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127159 61000127159 68 05 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127160 61000127160 68 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127161 61000127161 68 07 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127162 61000127162 68 08 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127163 61000127163 68 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127164 61000127164 68 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127165 61000127165 68 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127166 61000127166 68 12 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127167 61000127167 68 13 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127168 61000127168 68 14 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127169 61000127169 68 15 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127170 61000127170 68 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127171 61000127171 68 18 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127172 61000127172 68 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127173 61000127173 68 20 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127174 61000127174 68 21 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127175 61000127175 68 22 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127176 61000127176 68 23 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127177 61000127177 68 24 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127178 61000127178 68 25 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127179 61000127179 68 26 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127180 61000127180 68 27 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127181 61000127181 68 28 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127182 61000127182 68 29 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127183 61000127183 69 01 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127184 61000127184 69 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127185 61000127185 69 03 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127186 61000127186 69 04 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127187 61000127187 69 05 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127188 61000127188 69 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127189 61000127189 69 07 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000127190 61000127190 69 08 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127191 61000127191 70 01 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 C-1-12 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000127194 61000127194 70 02 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127195 61000127195 70 03 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127196 61000127196 70 04 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127197 61000127197 70 05 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127198 61000127198 70 06 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127199 61000127199 70 07 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127200 61000127200 70 08 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127201 61000127201 70 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127202 61000127202 70 10 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127203 61000127203 70 11 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127204 61000127204 70 12 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127206 61000127206 70 13 Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 R000127207 61000127207 70 14 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127208 61000127208 70 15 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127209 61000127209 70 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127210 61000127210 70 17 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127211 61000127211 70 18 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127213 61000127213 70 20 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127214 61000127214 70 21 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127215 61000127215 70 22 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127216 61000127216 70 23 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127217 61000127217 70 24 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127218 61000127218 70 25 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127219 61000127219 70 26 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127220 61000127220 70 27 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127221 61000127221 70 28 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127222 61000127222 70 29 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127223 61000127223 70 30 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127224 61000127224 70 31 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000127225 61000127225 71 01 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127226 61000127226 71 02 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127227 61000127227 71 03 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127228 61000127228 71 04 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127229 61000127229 71 05 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127230 61000127230 71 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127231 61000127231 71 07 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127232 61000127232 71 08 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127233 61000127233 71 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127234 61000127234 71 10 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127235 61000127235 71 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127236 61000127236 71 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127237 61000127237 71 14 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127238 61000127238 71 15 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127239 61000127239 71 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000127240 61000127240 71 17 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000127241 61000127241 71 18 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 C-1-13 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000128073 61000128073 13 04 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128075 61000128075 13 05 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128076 61000128076 13 07 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128077 61000128077 13 08 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128078 61000128078 13 09 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128079 61000128079 13 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128080 61000128080 13 11 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128081 61000128081 13 12 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128082 61000128082 13 13 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128083 61000128083 13 14 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128084 61000128084 13 15 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128085 61000128085 13 16 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128086 61000128086 13 17 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128087 61000128087 13 18 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128088 61000128088 13 20 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128089 61000128089 13 21 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128090 61000128090 13 22 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128092 61000128092 13 24 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128093 61000128093 13 25 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128094 61000128094 13 26 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128095 61000128095 13 28 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128096 61000128096 13 29 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128097 61000128097 13 30 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128098 61000128098 13 31 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128099 61000128099 13 33 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128100 61000128100 13 34 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128101 61000128101 13 35 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128102 61000128102 13 36 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128103 61000128103 13 37 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128104 61000128104 13 38 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128105 61000128105 13 39 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128106 61000128106 13 40 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128107 61000128107 13 41 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128108 61000128108 13 42 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128109 61000128109 13 43 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128110 61000128110 13 44 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128111 61000128111 13 45 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128112 61000128112 13 46 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128113 61000128113 13 48 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128114 61000128114 13 49 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128115 61000128115 13 50 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128116 61000128116 13 51 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128117 61000128117 13 52 35 0.12% $10,619.20 $341.11 $489.12 $53.10 $32.42 $915.74 R000128118 61000128118 13 53 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128119 61000128119 14 06 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128120 61000128120 14 07 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 C-1-14 Annendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000128121 61000128121 14 08 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128122 61000128122 14 09 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128123 61000128123 14 10 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128124 61000128124 15 09 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128125 61000128125 15 10 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128126 61000128126 15 11 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128127 61000128127 15 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128128 61000128128 15 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128129 61000128129 15 15 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128130 61000128130 15 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128131 61000128131 15 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128132 61000128132 62 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128133 61000128133 62 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128134 61000128134 62 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128135 61000128135 62 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128136 61000128136 62 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128137 61000128137 62 14 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128138 61000128138 62 15 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128139 61000128139 62 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128140 61000128140 62 17 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128141 61000128141 62 18 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128142 61000128142 62 19 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128143 61000128143 62 20 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128145 61000128145 62 21 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128146 61000128146 62 22 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128147 61000128147 63 01 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128148 61000128148 63 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128149 61000128149 63 03 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128150 61000128150 63 04 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128151 61000128151 63 05 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128152 61000128152 63 06 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128153 61000128153 63 18 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128154 61000128154 63 19 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128155 61000128155 63 20 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128156 61000128156 64 01 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128157 61000128157 64 02 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128158 61000128158 64 03 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128159 61000128159 64 04 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128160 61000128160 64 05 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128161 61000128161 64 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128162 61000128162 64 07 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128163 61000128163 64 08 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128164 61000128164 64 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128165 61000128165 64 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128166 61000128166 64 11 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128167 61000128167 64 12 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 C-1-15 Armendix C-1 Improvement Area #3 Assessment Roll - Summary Allocation Property ID Property ID Percentage of Assessment Per Additional Interest Administrative Total Annual (Parker) (Tarrant) Block # Lot Lot Size Assessment Unit Principal Interest for Reserves Expense Installment R000128168 61000128168 64 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128169 61000128169 64 14 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128170 61000128170 64 15 50 0.00% Prepaid $0.00 $0.00 $0.00 $0.00 $0.00 R000128171 61000128171 64 16 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128172 61000128172 64 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128173 61000128173 65 01 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128174 61000128174 65 02 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128175 61000128175 65 03 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128176 61000128176 65 04 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128177 61000128177 65 05 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128178 61000128178 65 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128179 61000128179 65 07 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128180 61000128180 65 08 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128181 61000128181 65 09 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128182 61000128182 65 10 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128183 61000128183 65 11 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128184 61000128184 65 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128185 61000128185 65 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128186 61000128186 65 14 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128187 61000128187 65 15 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128188 61000128188 65 16 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128189 61000128189 65 17 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128190 61000128190 66 01 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128191 61000128191 66 02 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128192 61000128192 66 03 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128193 61000128193 66 04 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128194 61000128194 66 05 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128195 61000128195 66 06 50 0.14% $12,672.07 $407.06 $583.67 $63.36 $38.68 $1,092.77 R000128196 61000128196 66 07 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128197 61000128197 66 08 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128198 61000128198 66 09 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000128199 61000128199 66 10 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128200 61000128200 66 11 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128201 61000128201 66 12 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128202 61000128202 66 13 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128203 61000128203 66 14 60 0.17% $14,638.59 $470.23 $674.25 $73.19 $44.69 $1,262.35 R000128204 61000128204 66 15 70 0.20% $17,441.23 $560.25 $803.34 $87.21 $53.24 $1,504.04 R000129080 61000129080 68 17X Open Space 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL 100.00% $8,844,739.99 $284,114.24 $407,385.06 $44,223.70 $27,000.00 $762,723.00 C-1-16 APPENDIX A-4 IMPROVEMENT AREA #4 ASSESSMENT ROLL Appendix A-4.1 Improvement Area #4 Assessment Roll Parcel All Parcels Units 770 Assessment $24,190,000 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $257,000 $1,596,540 $1,853,540 $115,000 $1,968,540 2028 $272,000 $1,579,578 $1,851,578 $117,300 $1,968,878 2029 $288,000 $1,561,626 $1,849,626 $119,646 $1,969,272 2030 $305,000 $1,542,618 $1,847,618 $122,039 $1,969,657 2031 $323,000 $1,522,488 $1,845,488 $124,480 $1,969,968 2032 $342,000 $1,501,170 $1,843,170 $126,969 $1,970,139 2033 $363,000 $1,478,598 $1,841,598 $129,509 $1,971,107 2034 $385,000 $1,454,640 $1,839,640 $132,099 $1,971,739 2035 $467,000 $1,429,230 $1,896,230 $75,000 $1,971,230 2036 $498,000 $1,398,408 $1,896,408 $75,375 $1,971,783 2037 $530,000 $1,365,540 $1,895,540 $75,752 $1,971,292 2038 $565,000 $1,330,560 $1,895,560 $76,131 $1,971,691 2039 $601,000 $1,293,270 $1,894,270 $76,511 $1,970,781 2040 $641,000 $1,253,604 $1,894,604 $76,894 $1,971,498 2041 $683,000 $1,211,298 $1,894,298 $77,278 $1,971,576 2042 $727,000 $1,166,220 $1,893,220 $77,665 $1,970,885 2043 $775,000 $1,118,238 $1,893,238 $78,053 $1,971,291 2044 $826,000 $1,067,088 $1,893,088 $78,443 $1,971,531 2045 $880,000 $1,012,572 $1,892,572 $78,836 $1,971,408 2046 $938,000 $954,492 $1,892,492 $79,230 $1,971,722 2047 $999,000 $892,584 $1,891,584 $79,626 $1,971,210 2048 $1,065,000 $826,650 $1,891,650 $80,024 $1,971,674 2049 $1,135,000 $756,360 $1,891,360 $80,424 $1,971,784 2050 $1,209,000 $681,450 $1,890,450 $80,826 $1,971,276 2051 $1,288,000 $601,656 $1,889,656 $81,230 $1,970,886 2052 $1,373,000 $516,648 $1,889,648 $81,636 $1,971,284 2053 $1,463,000 $426,030 $1,889,030 $82,045 $1,971,075 2054 $1,560,000 $329,472 $1,889,472 $82,455 $1,971,927 2055 $1,662,000 $226,512 $1,888,512 $82,867 $1,971,379 2056 $1,770,000 $116,820 $1,886,820 $83,282 $1,970,102 Total $24,190,000 $32,211,960 $56,401,960 $2,726,624 $59,128,584 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.2 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 35 Ft Assessment $20,976 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $223 $1,384 $1,607 $100 $1,707 2028 $236 $1,370 $1,606 $102 $1,707 2029 $250 $1,354 $1,604 $104 $1,708 2030 $264 $1,338 $1,602 $106 $1,708 2031 $280 $1,320 $1,600 $108 $1,708 2032 $297 $1,302 $1,598 $110 $1,708 2033 $315 $1,282 $1,597 $112 $1,709 2034 $334 $1,261 $1,595 $115 $1,710 2035 $405 $1,239 $1,644 $65 $1,709 2036 $432 $1,213 $1,644 $65 $1,710 2037 $460 $1,184 $1,644 $66 $1,709 2038 $490 $1,154 $1,644 $66 $1,710 2039 $521 $1,121 $1,643 $66 $1,709 2040 $556 $1,087 $1,643 $67 $1,710 2041 $592 $1,050 $1,643 $67 $1,710 2042 $630 $1,011 $1,642 $67 $1,709 2043 $672 $970 $1,642 $68 $1,709 2044 $716 $925 $1,642 $68 $1,710 2045 $763 $878 $1,641 $68 $1,709 2046 $813 $828 $1,641 $69 $1,710 2047 $866 $774 $1,640 $69 $1,709 2048 $923 $717 $1,640 $69 $1,710 2049 $984 $656 $1,640 $70 $1,710 2050 $1,048 $591 $1,639 $70 $1,709 2051 $1,117 $522 $1,639 $70 $1,709 2052 $1,191 $448 $1,639 $71 $1,709 2053 $1,269 $369 $1,638 $71 $1,709 2054 $1,353 $286 $1,638 $71 $1,710 2055 $1,441 $196 $1,638 $72 $1,709 2056 $1,535 $101 $1,636 $72 $1,708 Total $20,976 $27,932 $48,908 $2,364 $51,272 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.3 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 50 Ft Assessment $26,423 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $281 $1,744 $2,025 $126 $2,150 2028 $297 $1,725 $2,023 $128 $2,151 2029 $315 $1,706 $2,020 $131 $2,151 2030 $333 $1,685 $2,018 $133 $2,152 2031 $353 $1,663 $2,016 $136 $2,152 2032 $374 $1,640 $2,013 $139 $2,152 2033 $397 $1,615 $2,012 $141 $2,153 2034 $421 $1,589 $2,009 $144 $2,154 2035 $510 $1,561 $2,071 $82 $2,153 2036 $544 $1,528 $2,072 $82 $2,154 2037 $579 $1,492 $2,071 $83 $2,153 2038 $617 $1,453 $2,071 $83 $2,154 2039 $656 $1,413 $2,069 $84 $2,153 2040 $700 $1,369 $2,070 $84 $2,154 2041 $746 $1,323 $2,069 $84 $2,154 2042 $794 $1,274 $2,068 $85 $2,153 2043 $847 $1,221 $2,068 $85 $2,153 2044 $902 $1,166 $2,068 $86 $2,154 2045 $961 $1,106 $2,067 $86 $2,153 2046 $1,025 $1,043 $2,067 $87 $2,154 2047 $1,091 $975 $2,066 $87 $2,153 2048 $1,163 $903 $2,066 $87 $2,154 2049 $1,240 $826 $2,066 $88 $2,154 2050 $1,321 $744 $2,065 $88 $2,153 2051 $1,407 $657 $2,064 $89 $2,153 2052 $1,500 $564 $2,064 $89 $2,153 2053 $1,598 $465 $2,063 $90 $2,153 2054 $1,704 $360 $2,064 $90 $2,154 2055 $1,815 $247 $2,063 $91 $2,153 2056 $1,933 $128 $2,061 $91 $2,152 Total $26,423 $35,186 $61,610 $2,978 $64,588 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.4 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 55 Ft Assessment $27,496 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $292 $1,815 $2,107 $131 $2,238 2028 $309 $1,795 $2,105 $133 $2,238 2029 $327 $1,775 $2,102 $136 $2,238 2030 $347 $1,753 $2,100 $139 $2,239 2031 $367 $1,731 $2,098 $141 $2,239 2032 $389 $1,706 $2,095 $144 $2,239 2033 $413 $1,681 $2,093 $147 $2,240 2034 $438 $1,653 $2,091 $150 $2,241 2035 $531 $1,625 $2,155 $85 $2,241 2036 $566 $1,590 $2,156 $86 $2,241 2037 $602 $1,552 $2,155 $86 $2,241 2038 $642 $1,512 $2,155 $87 $2,241 2039 $683 $1,470 $2,153 $87 $2,240 2040 $729 $1,425 $2,154 $87 $2,241 2041 $776 $1,377 $2,153 $88 $2,241 2042 $826 $1,326 $2,152 $88 $2,240 2043 $881 $1,271 $2,152 $89 $2,241 2044 $939 $1,213 $2,152 $89 $2,241 2045 $1,000 $1,151 $2,151 $90 $2,241 2046 $1,066 $1,085 $2,151 $90 $2,241 2047 $1,136 $1,015 $2,150 $91 $2,241 2048 $1,211 $940 $2,150 $91 $2,241 2049 $1,290 $860 $2,150 $91 $2,241 2050 $1,374 $775 $2,149 $92 $2,241 2051 $1,464 $684 $2,148 $92 $2,240 2052 $1,561 $587 $2,148 $93 $2,241 2053 $1,663 $484 $2,147 $93 $2,240 2054 $1,773 $374 $2,148 $94 $2,241 2055 $1,889 $257 $2,147 $94 $2,241 2056 $2,012 $133 $2,145 $95 $2,239 Total $27,496 $36,614 $64,110 $3,099 $67,209 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.5 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 60 Ft Assessment $32,472 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $345 $2,143 $2,488 $154 $2,642 2028 $365 $2,120 $2,485 $157 $2,643 2029 $387 $2,096 $2,483 $161 $2,643 2030 $409 $2,071 $2,480 $164 $2,644 2031 $434 $2,044 $2,477 $167 $2,644 2032 $459 $2,015 $2,474 $170 $2,645 2033 $487 $1,985 $2,472 $174 $2,646 2034 $517 $1,953 $2,469 $177 $2,647 2035 $627 $1,919 $2,545 $101 $2,646 2036 $668 $1,877 $2,546 $101 $2,647 2037 $711 $1,833 $2,544 $102 $2,646 2038 $758 $1,786 $2,545 $102 $2,647 2039 $807 $1,736 $2,543 $103 $2,645 2040 $860 $1,683 $2,543 $103 $2,646 2041 $917 $1,626 $2,543 $104 $2,647 2042 $976 $1,565 $2,541 $104 $2,646 2043 $1,040 $1,501 $2,541 $105 $2,646 2044 $1,109 $1,432 $2,541 $105 $2,647 2045 $1,181 $1,359 $2,541 $106 $2,646 2046 $1,259 $1,281 $2,540 $106 $2,647 2047 $1,341 $1,198 $2,539 $107 $2,646 2048 $1,430 $1,110 $2,539 $107 $2,647 2049 $1,524 $1,015 $2,539 $108 $2,647 2050 $1,623 $915 $2,538 $108 $2,646 2051 $1,729 $808 $2,537 $109 $2,646 2052 $1,843 $694 $2,537 $110 $2,646 2053 $1,964 $572 $2,536 $110 $2,646 2054 $2,094 $442 $2,536 $111 $2,647 2055 $2,231 $304 $2,535 $111 $2,646 2056 $2,376 $157 $2,533 $112 $2,645 Total $32,472 $43,240 $75,712 $3,660 $79,372 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.6 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 70 Ft Assessment $40,193 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $427 $2,653 $3,080 $191 $3,271 2028 $452 $2,625 $3,076 $195 $3,271 2029 $479 $2,595 $3,073 $199 $3,272 2030 $507 $2,563 $3,070 $203 $3,273 2031 $537 $2,530 $3,066 $207 $3,273 2032 $568 $2,494 $3,063 $211 $3,273 2033 $603 $2,457 $3,060 $215 $3,275 2034 $640 $2,417 $3,057 $219 $3,276 2035 $776 $2,375 $3,151 $125 $3,275 2036 $827 $2,324 $3,151 $125 $3,276 2037 $881 $2,269 $3,150 $126 $3,275 2038 $939 $2,211 $3,150 $126 $3,276 2039 $999 $2,149 $3,147 $127 $3,275 2040 $1,065 $2,083 $3,148 $128 $3,276 2041 $1,135 $2,013 $3,147 $128 $3,276 2042 $1,208 $1,938 $3,146 $129 $3,275 2043 $1,288 $1,858 $3,146 $130 $3,275 2044 $1,372 $1,773 $3,145 $130 $3,276 2045 $1,462 $1,682 $3,145 $131 $3,276 2046 $1,559 $1,586 $3,144 $132 $3,276 2047 $1,660 $1,483 $3,143 $132 $3,275 2048 $1,770 $1,374 $3,143 $133 $3,276 2049 $1,886 $1,257 $3,143 $134 $3,276 2050 $2,009 $1,132 $3,141 $134 $3,275 2051 $2,140 $1,000 $3,140 $135 $3,275 2052 $2,281 $858 $3,140 $136 $3,275 2053 $2,431 $708 $3,139 $136 $3,275 2054 $2,592 $547 $3,139 $137 $3,276 2055 $2,761 $376 $3,138 $138 $3,276 2056 $2,941 $194 $3,135 $138 $3,273 Total $40,193 $53,522 $93,715 $4,530 $98,245 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.7 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 80 Ft Assessment $46,370 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $493 $3,060 $3,553 $220 $3,773 2028 $521 $3,028 $3,549 $225 $3,774 2029 $552 $2,993 $3,546 $229 $3,775 2030 $585 $2,957 $3,542 $234 $3,776 2031 $619 $2,918 $3,538 $239 $3,776 2032 $656 $2,878 $3,533 $243 $3,777 2033 $696 $2,834 $3,530 $248 $3,778 2034 $738 $2,788 $3,526 $253 $3,780 2035 $895 $2,740 $3,635 $144 $3,779 2036 $955 $2,681 $3,635 $144 $3,780 2037 $1,016 $2,618 $3,634 $145 $3,779 2038 $1,083 $2,551 $3,634 $146 $3,780 2039 $1,152 $2,479 $3,631 $147 $3,778 2040 $1,229 $2,403 $3,632 $147 $3,779 2041 $1,309 $2,322 $3,631 $148 $3,779 2042 $1,394 $2,236 $3,629 $149 $3,778 2043 $1,486 $2,144 $3,629 $150 $3,779 2044 $1,583 $2,045 $3,629 $150 $3,779 2045 $1,687 $1,941 $3,628 $151 $3,779 2046 $1,798 $1,830 $3,628 $152 $3,780 2047 $1,915 $1,711 $3,626 $153 $3,779 2048 $2,041 $1,585 $3,626 $153 $3,779 2049 $2,176 $1,450 $3,626 $154 $3,780 2050 $2,318 $1,306 $3,624 $155 $3,779 2051 $2,469 $1,153 $3,622 $156 $3,778 2052 $2,632 $990 $3,622 $156 $3,779 2053 $2,804 $817 $3,621 $157 $3,778 2054 $2,990 $632 $3,622 $158 $3,780 2055 $3,186 $434 $3,620 $159 $3,779 2056 $3,393 $224 $3,617 $160 $3,776 Total $46,370 $61,747 $108,117 $5,227 $113,343 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.8 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type One-Ace Custom Assessment $66,359 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $705 $4,380 $5,085 $315 $5,400 2028 $746 $4,333 $5,079 $322 $5,401 2029 $790 $4,284 $5,074 $328 $5,402 2030 $837 $4,232 $5,068 $335 $5,403 2031 $886 $4,177 $5,063 $341 $5,404 2032 $938 $4,118 $5,056 $348 $5,405 2033 $996 $4,056 $5,052 $355 $5,407 2034 $1,056 $3,990 $5,047 $362 $5,409 2035 $1,281 $3,921 $5,202 $206 $5,408 2036 $1,366 $3,836 $5,202 $207 $5,409 2037 $1,454 $3,746 $5,200 $208 $5,408 2038 $1,550 $3,650 $5,200 $209 $5,409 2039 $1,649 $3,548 $5,196 $210 $5,406 2040 $1,758 $3,439 $5,197 $211 $5,408 2041 $1,874 $3,323 $5,197 $212 $5,409 2042 $1,994 $3,199 $5,194 $213 $5,407 2043 $2,126 $3,068 $5,194 $214 $5,408 2044 $2,266 $2,927 $5,193 $215 $5,408 2045 $2,414 $2,778 $5,192 $216 $5,408 2046 $2,573 $2,618 $5,192 $217 $5,409 2047 $2,740 $2,449 $5,189 $218 $5,407 2048 $2,922 $2,268 $5,189 $220 $5,409 2049 $3,114 $2,075 $5,188 $221 $5,409 2050 $3,317 $1,869 $5,186 $222 $5,408 2051 $3,533 $1,650 $5,184 $223 $5,407 2052 $3,766 $1,417 $5,184 $224 $5,408 2053 $4,013 $1,169 $5,182 $225 $5,407 2054 $4,279 $904 $5,183 $226 $5,409 2055 $4,559 $621 $5,181 $227 $5,408 2056 $4,856 $320 $5,176 $228 $5,404 Total $66,359 $88,365 $154,724 $7,480 $162,204 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.9 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type Townhome Assessment $19,003 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $202 $1,254 $1,456 $90 $1,546 2028 $214 $1,241 $1,455 $92 $1,547 2029 $226 $1,227 $1,453 $94 $1,547 2030 $240 $1,212 $1,451 $96 $1,547 2031 $254 $1,196 $1,450 $98 $1,548 2032 $269 $1,179 $1,448 $100 $1,548 2033 $285 $1,162 $1,447 $102 $1,548 2034 $302 $1,143 $1,445 $104 $1,549 2035 $367 $1,123 $1,490 $59 $1,549 2036 $391 $1,099 $1,490 $59 $1,549 2037 $416 $1,073 $1,489 $60 $1,549 2038 $444 $1,045 $1,489 $60 $1,549 2039 $472 $1,016 $1,488 $60 $1,548 2040 $504 $985 $1,488 $60 $1,549 2041 $537 $952 $1,488 $61 $1,549 2042 $571 $916 $1,487 $61 $1,548 2043 $609 $878 $1,487 $61 $1,549 2044 $649 $838 $1,487 $62 $1,549 2045 $691 $795 $1,487 $62 $1,549 2046 $737 $750 $1,487 $62 $1,549 2047 $785 $701 $1,486 $63 $1,548 2048 $837 $649 $1,486 $63 $1,549 2049 $892 $594 $1,486 $63 $1,549 2050 $950 $535 $1,485 $63 $1,549 2051 $1,012 $473 $1,484 $64 $1,548 2052 $1,079 $406 $1,484 $64 $1,549 2053 $1,149 $335 $1,484 $64 $1,548 2054 $1,225 $259 $1,484 $65 $1,549 2055 $1,306 $178 $1,484 $65 $1,549 2056 $1,390 $92 $1,482 $65 $1,548 Total $19,003 $25,304 $44,307 $2,142 $46,449 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Appendix A-4.10 Improvement Area #4 Assessment Roll by Lot Type Parcel Lot Type 4-Pack Assessment $20,375 Year 1 Principal Interest Net Debt Service2 Administrative Expenses Total Annual Installment 2027 $216 $1,345 $1,561 $97 $1,658 2028 $229 $1,330 $1,560 $99 $1,658 2029 $243 $1,315 $1,558 $101 $1,659 2030 $257 $1,299 $1,556 $103 $1,659 2031 $272 $1,282 $1,554 $105 $1,659 2032 $288 $1,264 $1,553 $107 $1,659 2033 $306 $1,245 $1,551 $109 $1,660 2034 $324 $1,225 $1,550 $111 $1,661 2035 $393 $1,204 $1,597 $63 $1,660 2036 $419 $1,178 $1,597 $63 $1,661 2037 $446 $1,150 $1,597 $64 $1,660 2038 $476 $1,121 $1,597 $64 $1,661 2039 $506 $1,089 $1,596 $64 $1,660 2040 $540 $1,056 $1,596 $65 $1,661 2041 $575 $1,020 $1,596 $65 $1,661 2042 $612 $982 $1,595 $65 $1,660 2043 $653 $942 $1,595 $66 $1,660 2044 $696 $899 $1,595 $66 $1,661 2045 $741 $853 $1,594 $66 $1,661 2046 $790 $804 $1,594 $67 $1,661 2047 $841 $752 $1,593 $67 $1,660 2048 $897 $696 $1,593 $67 $1,661 2049 $956 $637 $1,593 $68 $1,661 2050 $1,018 $574 $1,592 $68 $1,660 2051 $1,085 $507 $1,592 $68 $1,660 2052 $1,156 $435 $1,592 $69 $1,660 2053 $1,232 $359 $1,591 $69 $1,660 2054 $1,314 $278 $1,592 $69 $1,661 2055 $1,400 $191 $1,591 $70 $1,660 2056 $1,491 $98 $1,589 $70 $1,659 Total $20,375 $27,132 $47,507 $2,297 $49,804 1 – The 9/01/XX dates represent the fiscal year end for the Improvement Area #4 Reimbursement Agreement. 2 – Principal and interest are calculated using an interest rate of 6.60% for years 2026 through 2056. 3 – The annual administrative expenses increase by 2.0% per year for years 1 through 8 and 0.5% per year for years 9 through 30. Parcel ID Total Lot Count Lot Type Outstanding Assessment R000063230 42 Various $2,787,075 R000129014 64 Various $2,226,435 R000129013 232 Various $6,060,369 R000129016 123 Various $4,388,484 R000129019 99 Various $2,785,574 R000132791 1 70' $40,193 R000132792 1 70' $40,193 R000132793 1 60' $32,472 R000132794 1 70' $40,193 R000132797 1 70' $40,193 R000132798 1 70' $40,193 R000132799 1 70' $40,193 R000132800 1 70' $40,193 R000132801 1 70' $40,193 R000132802 1 70' $40,193 R000132803 1 70' $40,193 R000132804 1 70' $40,193 R000132805 1 60' $32,472 R000132806 1 60' $32,472 R000132807 1 50' $26,423 R000132808 1 50' $26,423 R000132809 1 50' $26,423 R000132810 1 50' $26,423 R000131125 1 60' $32,472 R000131126 1 50' $26,423 R000131127 1 60' $32,472 R000131128 1 60' $32,472 R000131158 1 60' $32,472 R000131159 1 60' $32,472 R000131160 1 60' $32,472 R000131161 1 60' $32,472 R000132877 1 60' $32,472 R000132878 1 60' $32,472 R000132879 1 60' $32,472 R000132880 1 50' $26,423 R000132865 1 60' $32,472 R000132866 1 50' $26,423 R000132867 1 50' $26,423 R000132868 1 50' $26,423 R000132869 1 50' $26,423 R000132870 1 50' $26,423 Appendix A-4.11 IA #4 Assessment Roll Summary Parcel ID Total Lot Count Lot Type Outstanding Assessment Appendix A-4.11 IA #4 Assessment Roll Summary R000132871 1 50' $26,423 R000132872 1 60' $32,472 R000132856 1 60' $32,472 R000132857 1 60' $32,472 R000132858 1 60' $32,472 R000132859 1 50' $26,423 R000132860 1 50' $26,423 R000132861 1 50' $26,423 R000132862 1 50' $26,423 R000132863 1 60' $32,472 R000132864 1 60' $32,472 R000132876 1 50' $26,423 R000132874 1 50' $26,423 R000132873 1 60' $32,472 R000132875 1 50' $26,423 R000132833 1 60' $32,472 R000132834 1 50' $26,423 R000132835 1 50' $26,423 R000132836 1 50' $26,423 R000132837 1 60' $32,472 R000132838 1 50' $26,423 R000132839 1 60' $32,472 R000132840 1 60' $32,472 R000132841 1 60' $32,472 R000132842 1 60' $32,472 R000132843 1 50' $26,423 R000132844 1 60' $32,472 R000132845 1 50' $26,423 R000132846 1 60' $32,472 R000132847 1 50' $26,423 R000132848 1 4-Pack $20,375 R000132849 1 4-Pack $20,375 R000132851 1 4-Pack $20,375 R000132852 1 4-Pack $20,375 R000132853 1 50' $26,423 R000132854 1 60' $32,472 R000132855 1 50' $26,423 R000132811 1 60' $32,472 R000132812 1 50' $26,423 R000132813 1 50' $26,423 R000132814 1 50' $26,423 Parcel ID Total Lot Count Lot Type Outstanding Assessment Appendix A-4.11 IA #4 Assessment Roll Summary R000132815 1 60' $32,472 R000132816 1 50' $26,423 R000132817 1 50' $26,423 R000132818 1 50' $26,423 R000132819 1 60' $32,472 R000132820 1 60' $32,472 R000132821 1 60' $32,472 R000132822 1 50' $26,423 R000132823 1 50' $26,423 R000132824 1 60' $32,472 R000132825 1 60' $32,472 R000132826 1 60' $32,472 R000132827 1 60' $32,472 R000132828 1 50' $26,423 R000132829 1 50' $26,423 R000132830 1 50' $26,423 R000132768 1 60' $32,472 R000132769 1 50' $26,423 R000132770 1 35' $20,976 R000132771 1 35' $20,976 R000132772 1 35' $20,976 R000132773 1 50' $26,423 R000131224 1 60' $32,472 R000131225 1 50' $26,423 R000131226 1 50' $26,423 R000131227 1 50' $26,423 R000131228 1 60' $32,472 R000131229 1 50' $26,423 R000131230 1 60' $32,472 R000131231 1 60' $32,472 R000131232 1 50' $26,423 R000131233 1 50' $26,423 R000131234 1 50' $26,423 R000131235 1 50' $26,423 R000131236 1 50' $26,423 R000131237 1 60' $32,472 R000131238 1 60' $32,472 R000131130 1 50' $26,423 R000131131 1 35' $20,976 R000131132 1 35' $20,976 R000131133 1 35' $20,976 Parcel ID Total Lot Count Lot Type Outstanding Assessment Appendix A-4.11 IA #4 Assessment Roll Summary R000131134 1 35' $20,976 R000131135 1 50' $26,423 R000131136 1 50' $26,423 R000131137 1 35' $20,976 R000131138 1 35' $20,976 R000131139 1 35' $20,976 R000131140 1 50' $26,423 R000131141 1 50' $26,423 R000131142 1 60' $32,472 R000131143 1 60' $32,472 R000131144 1 60' $32,472 R000131145 1 60' $32,472 R000131146 1 50' $26,423 R000131147 1 50' $26,423 R000131148 1 50' $26,423 R000131149 1 50' $26,423 R000131150 1 35' $20,976 R000131151 1 35' $20,976 R000131152 1 35' $20,976 R000131153 1 35' $20,976 R000131154 1 35' $20,976 R000131155 1 35' $20,976 R000131156 1 35' $20,976 R000131157 1 50' $26,423 R000131165 1 60' $32,472 R000131166 1 60' $32,472 R000131167 1 60' $32,472 R000131168 1 60' $32,472 R000131169 1 60' $32,472 R000131170 1 60' $32,472 R000132774 1 60' $32,472 R000132775 1 50' $26,423 R000132776 1 50' $26,423 R000132777 1 60' $32,472 R000132779 1 60' $32,472 R000132780 1 60' $32,472 R000132781 1 50' $26,423 R000132783 1 50' $26,423 R000132784 1 50' $26,423 R000132785 1 50' $26,423 R000132786 1 50' $26,423 Parcel ID Total Lot Count Lot Type Outstanding Assessment Appendix A-4.11 IA #4 Assessment Roll Summary R000132787 1 60' $32,472 R000132790 1 70' $40,193 R000131171 1 50' $26,423 R000131172 1 50' $26,423 R000131173 1 50' $26,423 R000131174 1 50' $26,423 R000131175 1 60' $32,472 R000131176 1 50' $26,423 R000131177 1 60' $32,472 R000131178 1 60' $32,472 R000131180 1 60' $32,472 R000131181 1 60' $32,472 R000131182 1 50' $26,423 R000131183 1 50' $26,423 R000131184 1 50' $26,423 R000131185 1 50' $26,423 R000131186 1 50' $26,423 R000131187 1 4-Pack $20,375 R000131188 1 4-Pack $20,375 R000131190 1 4-Pack $20,375 R000131191 1 4-Pack $20,375 R000131192 1 4-Pack $20,375 R000131193 1 4-Pack $20,375 R000131195 1 4-Pack $20,375 R000131196 1 4-Pack $20,375 R000131197 1 60' $32,472 R000131198 1 50' $26,423 R000131199 1 60' $32,472 R000131200 1 60' $32,472 R000131201 1 60' $32,472 R000131202 1 50' $26,423 R000131203 1 60' $32,472 R000131204 1 60' $32,472 R000131205 1 50' $26,423 R000131206 1 60' $32,472 R000131207 1 50' $26,423 R000131208 1 50' $26,423 R000131209 1 35' $20,976 R000131210 1 35' $20,976 R000131211 1 35' $20,976 R000131212 1 35' $20,976 Parcel ID Total Lot Count Lot Type Outstanding Assessment Appendix A-4.11 IA #4 Assessment Roll Summary R000131213 1 35' $20,976 R000131215 1 60' $32,472 R000131216 1 35' $20,976 R000131217 1 35' $20,976 R000131218 1 35' $20,976 R000131219 1 35' $20,976 R000131220 1 35' $20,976 R000131221 1 50' $26,423 R000131222 1 50' $26,423 R000131223 1 50' $26,423 Total 770 $24,190,000 APPENDIXB LEGAL DESCRIPTION FOR PARCELS WITHIN THE PID Appendix B PHASE 1A WHEREAS, QUAIL VALLEY DEVCO I, LLC and the ALEDO INDEPENDENT SCHOOL DISTRICT are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, International & Great Northern R.R. Co. Survey, Abstract No. 2004, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in instrument to QUAIL VALLEY DEVCO I, LLC, as recorded in Doc.# 201607571 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and all of that tract of land as described in instrument to the ALEDO INDEPENDENT SCHOOL DISTRICT as recorded in Doc.# 201608667, O.P.R.P.C.T., and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, along the westerly right of way line of said southbound Walsh Ranch Parkway the following courses: North 87 degrees 36 minutes 03 seconds East, a distance of 13.60 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the left having a central angle of 85 degrees 58 minutes 45 seconds, a radius of 110.00 feet, subtended by a 150.01 foot chord which bears North 44 degrees 36 minutes 40 seconds East; Along said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”; North 01 degrees 37 minutes 18 seconds East, a distance of 141.88 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the right having a central angle of 04 degrees 23 minutes 39 seconds, a radius of 612.00 feet, subtended by a 46.92 foot chord which bears North 03 degrees 49 minutes 07 seconds East; Along said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 08 degrees 10 minutes 18 seconds, a radius of 988.00 feet, subtended by a 140.79 foot chord which bears North 01 degrees 18 minutes 56 seconds West; Along said curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a compound curve to the left having a central angle of 03 degrees 21 minutes 56 seconds, a radius of 1018.00 feet, subtended by a 59.79 foot chord which bears North 10 degrees 40 minutes 28 seconds West; Along said curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the south corner of Private Open Space Lot 7X, as shown on said final plat of Walsh Ranch Parkway; THENCE, departing the westerly line of said southbound Walsh Ranch Parkway, and along the westerly line of said Private Open Space Lot 7X the following courses: North 65 degrees 20 minutes 07 seconds West, a distance of 199.81 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”; North 24 degrees 04 minutes 08 seconds West, a distance of 651.54 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the right having a central angle of 35 degrees 28 minutes 59 seconds, a radius of 100.00 feet, subtended by a 60.94 foot chord which bears North 06 degrees 19 minutes 38 seconds West; Along said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 24 degrees 05 minutes 05 seconds, a radius of 200.00 feet, subtended by a 83.45 foot chord which bears North 00 degrees 37 minutes 41 seconds West; Along said curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the right having a central angle of 24 degrees 51 minutes 04 seconds, a radius of 193.00 feet, subtended by a 83.06 foot chord which bears North 00 degrees 14 minutes 42 seconds West; Along said curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 43 degrees 22 minutes 47 seconds, a radius of 127.00 feet, subtended by a 93.87 foot chord which bears North 09 degrees 30 minutes 34 seconds West; Along said curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the right having a central angle of 23 degrees 50 minutes 05 seconds, a radius of 453.00 feet, subtended by a 187.09 foot chord which bears North 19 degrees 16 minutes 55 seconds West; Along said curve to the right an arc distance of 188.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 82 degrees 00 minutes 00 seconds West, departing the westerly line of Private Open Space Lot 7X, a distance of 205.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 52 minutes 24 seconds, a radius of 1053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; THENCE, along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 03 degrees 52 minutes 24 seconds East, a distance of 12.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1040.50 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; THENCE, along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 09 degrees 10 minutes 33 seconds, a radius of 1053.00 feet, subtended by a 168.45 foot chord which bears North 72 degrees 35 minutes 16 seconds West; THENCE, along said curve to the right an arc distance of 168.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 867.00 feet, subtended by a 695.91 foot chord which bears South 88 degrees 20 minutes 18 seconds West; THENCE, along said curve to the left an arc distance of 716.10 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 50 minutes 45 seconds, a radius of 1553.00 feet, subtended by a 668.18 foot chord which bears South 77 degrees 05 minutes 59 seconds West; THENCE, along said curve to the right an arc distance of 673.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 00 minutes 26 seconds West, a distance of 21.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 49 degrees 33 minutes 56 seconds, a radius of 180.00 feet, subtended by a 150.90 foot chord which bears South 29 degrees 23 minutes 10 seconds West; THENCE, along said curve to the right an arc distance of 155.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 52 degrees 49 minutes 07 seconds, a radius of 213.00 feet, subtended by a 189.48 foot chord which bears South 27 degrees 45 minutes 34 seconds West; THENCE, along said curve to the left an arc distance of 196.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 88 degrees 38 minutes 59 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 02 degrees 23 minutes 34 seconds, a radius of 273.00 feet, subtended by a 1.87 foot chord which bears South 01 degrees 09 minutes 14 seconds West; THENCE, along said curve to the left an arc distance of 1.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the southeast corner of the aforementioned Aledo Independent School District tract; THENCE, along the southerly and westerly lines of said Aledo Independent School District tract the following courses: South 84 degrees 40 minutes 28 seconds West, a distance of 624.92 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 81 degrees 01 minutes 12 seconds West, a distance of 547.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 00 degrees 51 minutes 28 seconds West, a distance of 567.71 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the northwest corner of said Aledo Independent School District tract; THENCE, North 07 degrees 09 minutes 34 seconds West, a distance of 106.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 33 degrees 28 minutes 50 seconds, a radius of 1353.00 feet, subtended by a 779.42 foot chord which bears South 80 degrees 25 minutes 09 seconds East; THENCE, along said curve to the right an arc distance of 790.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 51 degrees 38 minutes 40 seconds, a radius of 1447.00 feet, subtended by a 1260.57 foot chord which bears South 89 degrees 30 minutes 04 seconds East; THENCE, along said curve to the left an arc distance of 1304.28 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 973.00 feet, subtended by a 781.00 foot chord which bears North 88 degrees 20 minutes 18 seconds East; THENCE, along said curve to the right an arc distance of 803.65 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 68 degrees 00 minutes 00 seconds East, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears South 83 degrees 00 minutes 00 seconds East; THENCE, along said curve to the left an arc distance of 495.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 82 degrees 00 minutes 00 seconds East, a distance of 219.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the westerly right of way line of said Walsh Ranch Parkway, and being the southwest corner of Private Open Space Lot 9X as shown on said Lots 1X Thru 10X, Block 1 and Walsh Ranch Parkway Right-of-Way plat, and being the beginning of a non- tangent curve to the left having a central angle of 13 degrees 33 minutes 05 seconds, a radius of 453.00 feet, subtended by a 106.89 foot chord which bears South 00 degrees 35 minutes 20 seconds East, from which a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” found at a point of reverse curvature on the westerly line of Private Open Space Lot 9X bears, North 06 degrees 49 minutes 04 seconds East, a distance of 9.98 feet; THENCE, along the westerly line of Walsh Ranch Parkway, and along said curve to the left an arc distance of 107.14 feet to the POINT OF BEGINNING and CONTAINING 24.62 acres of land, more or less. PHASE 1A (Save and Except AISD site) BEING situated in the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of Walsh Ranch Parkway, an addition to the City of Fort Worth, Parker County, Texas, (unrecorded as of this date); THENCE, along the westerly right of way line of said southbound Walsh Ranch Parkway the following courses: North 87 degrees 36 minutes 03 seconds East, a distance of 13.60 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the left having a central angle of 85 degrees 58 minutes 45 seconds, a radius of 110.00 feet, subtended by a 150.01 foot chord which bears North 44 degrees 36 minutes 40 seconds East; Along said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”; North 01 degrees 37 minutes 18 seconds East, a distance of 141.88 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the right having a central angle of 04 degrees 23 minutes 39 seconds, a radius of 612.00 feet, subtended by a 46.92 foot chord which bears North 03 degrees 49 minutes 07 seconds East; Along said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 08 degrees 10 minutes 18 seconds, a radius of 988.00 feet, subtended by a 140.79 foot chord which bears North 01 degrees 18 minutes 56 seconds West; Along said curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a compound curve to the left having a central angle of 03 degrees 21 minutes 56 seconds, a radius of 1018.00 feet, subtended by a 59.79 foot chord which bears North 10 degrees 40 minutes 28 seconds West; Along said curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the south corner of Private Open Space Lot 7X, as shown on said final plat of Walsh Ranch Parkway; THENCE, departing the westerly line of said southbound Walsh Ranch Parkway, and along the westerly line of said Private Open Space Lot 7X the following courses: North 65 degrees 20 minutes 07 seconds West, a distance of 199.81 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”; North 24 degrees 04 minutes 08 seconds West, a distance of 651.54 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a curve to the right having a central angle of 35 degrees 28 minutes 59 seconds, a radius of 100.00 feet, subtended by a 60.94 foot chord which bears North 06 degrees 19 minutes 38 seconds West; Along said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 24 degrees 05 minutes 05 seconds, a radius of 200.00 feet, subtended by a 83.45 foot chord which bears North 00 degrees 37 minutes 41 seconds West; Along said curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the right having a central angle of 24 degrees 51 minutes 04 seconds, a radius of 193.00 feet, subtended by a 83.06 foot chord which bears North 00 degrees 14 minutes 42 seconds West; Along said curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the left having a central angle of 43 degrees 22 minutes 47 seconds, a radius of 127.00 feet, subtended by a 93.87 foot chord which bears North 09 degrees 30 minutes 34 seconds West; Along said curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP”, and being the beginning of a reverse curve to the right having a central angle of 23 degrees 50 minutes 05 seconds, a radius of 453.00 feet, subtended by a 187.09 foot chord which bears North 19 degrees 16 minutes 55 seconds West; Along said curve to the right an arc distance of 188.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 82 degrees 00 minutes 00 seconds West, departing the westerly line of Private Open Space Lot 7X, a distance of 205.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars", and being the beginning of a curve to the right having a central angle of 12 degrees 20 minutes 32 seconds, a radius of 1053.00 feet, subtended by a 226.39 foot chord which bears North 88 degrees 10 minutes 16 seconds West; THENCE, along said curve to the right an arc distance of 226.83 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 04 degrees 20 minutes 32 seconds East, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 8 degrees 00 minutes 48 seconds, a radius of 1050.00 feet, subtended by a 146.73 foot chord which bears North 81 degrees 39 minutes 04 seconds West; THENCE, along said curve to the right an arc distance of 146.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 12 degrees 21 minutes 20 seconds West, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 9 degrees 38 minutes 40 seconds, a radius of 1053.00 feet, subtended by a 177.04 foot chord which bears North 72 degrees 49 minutes 20 seconds West; THENCE, along said curve to the right an arc distance of 177.25 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 867.00 feet, subtended by a 695.91 foot chord which bears South 88 degrees 20 minutes 18 seconds West; THENCE, along said curve to the left an arc distance of 716.10 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 50 minutes 45 seconds, a radius of 1553.00 feet, subtended by a 668.18 foot chord which bears South 77 degrees 05 minutes 59 seconds West; THENCE, along said curve to the right an arc distance of 673.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 00 minutes 26 seconds West, a distance of 21.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 49 degrees 33 minutes 56 seconds, a radius of 180.00 feet, subtended by a 150.90 foot chord which bears South 29 degrees 23 minutes 10 seconds West; THENCE, along said curve to the right an arc distance of 155.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 213.00 feet, subtended by a 190.78 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 197.82 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 89 degrees 02 minutes 34 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 84 degrees 40 minutes 28 seconds West, a distance of 624.92 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 81 degrees 01 minutes 12 seconds West, a distance of 547.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 00 degrees 51 minutes 28 seconds West, a distance of 567.71 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 33 degrees 28 minutes 50 seconds, a radius of 1247.00 feet, subtended by a 718.36 foot chord which bears South 80 degrees 25 minutes 09 seconds East; THENCE, along said curve to the right an arc distance of 728.68 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 23 degrees 28 minutes 38 seconds, a radius of 1553.00 feet, subtended by a 631.91 foot chord which bears South 75 degrees 25 minutes 03 seconds East; THENCE, along said curve to the left an arc distance of 636.35 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 42 degrees 21 minutes 01 seconds East, a distance of 21.18 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 47 degrees 51 minutes 12 seconds, a radius of 120.00 feet, subtended by a 97.34 foot chord which bears South 30 degrees 14 minutes 32 seconds West; THENCE, along said curve to the right an arc distance of 100.22 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 273.00 feet, subtended by a 244.53 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 253.54 feet to the POINT OF BEGINNING and CONTAINING 14.51 acres of land, more or less. PHASE 1B WHEREAS, QUAIL VALLEY DEVCO I, LLC are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in deed to QUAIL VALLEY DEVCO I, LLC, as recorded in Document No. 201607571 of the Official Public Records of Parker County, Texas(O.P.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the intersection of the westerly line of Private Open Space Lot 9X, as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and the northerly right of way line of Walsh Avenue, as shown on the final plat of Walsh Ranch Quail Valley Lot 1, Block AK & Walsh Avenue ROW, an addition to the City of Fort Worth, Parker County, Texas (unrecorded as of this date); THENCE, departing the westerly line of said Private Open Space Lot 9X, and along the northerly right of way line of Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 219.41 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears North 83 degrees 00 minutes 00 seconds West; Along said curve to the right an arc distance of 495.85 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 11 degrees 27 minutes 09 seconds, a radius of 973.00 feet, subtended by a 194.16 foot chord which bears North 73 degrees 43 minutes 34 seconds West; Along said curve to the left an arc distance of 194.49 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING, and being the beginning of a curve to the left having a central angle of 35 degrees 52 minutes 15 seconds, a radius of 973.00 feet, subtended by a 599.26 foot chord which bears South 82 degrees 36 minutes 44 seconds West; Along said curve to the left an arc distance of 609.16 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 14 degrees 51 minutes 19 seconds, a radius of 1447.00 feet, subtended by a 374.12 foot chord which bears South 72 degrees 06 minutes 16 seconds West; Along said curve to the right an arc distance of 375.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, departing the northerly right of way line of Walsh Avenue, North 33 degrees 29 minutes 33 seconds East, a distance of 20.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, North 12 degrees 15 minutes 00 seconds West, a distance of 81.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 01 degrees 24 minutes 58 seconds, a radius of 580.00 feet, subtended by a 14.33 foot chord which bears North 11 degrees 32 minutes 32 seconds West; THENCE, Along said curve to the right an arc distance of 14.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 55 degrees 32 minutes 59 seconds West, a distance of 14.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 03 minutes 01 seconds West, a distance of 16.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 02 minutes 40 seconds, a radius of 1310.00 feet, subtended by a 115.30 foot chord which bears South 81 degrees 57 minutes 38 seconds West; THENCE, along said curve to the right an arc distance of 115.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 05 degrees 31 minutes 02 seconds West, a distance of 52.08 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North, a distance of 171.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, North 83 degrees 49 minutes 03 seconds East, a distance of 9.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 10 degrees 00 minutes 00 seconds West, a distance of 127.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 80 degrees 00 minutes 00 seconds East, a distance of 25.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 05 degrees 08 minutes 41 seconds, a radius of 830.00 feet, subtended by a 74.50 foot chord which bears North 77 degrees 25 minutes 40 seconds East; THENCE, along said curve to the left an arc distance of 74.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 15 degrees 08 minutes 41 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 38 minutes 58 seconds, a radius of 770.00 feet, subtended by a 8.73 foot chord which bears North 74 degrees 31 minutes 50 seconds East; THENCE, along said curve to the left an arc distance of 8.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 26 degrees 22 minutes 39 seconds East, a distance of 20.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 21 degrees 00 minutes 00 seconds West, a distance of 111.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 69 degrees 00 minutes 00 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 21 degrees 00 minutes 00 seconds East, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 62 degrees 34 minutes 07 seconds East, a distance of 126.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 27 degrees 41 minutes 04 seconds East, a distance of 30.24 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 62 degrees 18 minutes 56 seconds East, a distance of 122.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 27 degrees 41 minutes 04 seconds West, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 62 degrees 18 minutes 56 seconds East, a distance of 52.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 27 degrees 41 minutes 04 seconds East, a distance of 32.79 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 03 degrees 02 minutes 36 seconds, a radius of 528.00 feet, subtended by a 28.04 foot chord which bears South 29 degrees 12 minutes 22 seconds East; THENCE, along said curve to the left an arc distance of 28.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 76 degrees 44 minutes 29 seconds East, a distance of 21.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 18 minutes 59 seconds, a radius of 830.00 feet, subtended by a 76.99 foot chord which bears North 61 degrees 14 minutes 06 seconds East; THENCE, along said curve to the right an arc distance of 77.01 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 20 degrees 42 minutes 20 seconds East, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 67 degrees 00 minutes 00 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 66 degrees 42 minutes 20 seconds East, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 10 degrees 53 minutes 19 seconds, a radius of 830.00 feet, subtended by a 157.50 foot chord which bears North 75 degrees 33 minutes 04 seconds East; THENCE, along said curve to the right an arc distance of 157.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 09 degrees 00 minutes 16 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 42 minutes 59 seconds, a radius of 770.00 feet, subtended by a 9.63 foot chord which bears South 80 degrees 38 minutes 14 seconds West; THENCE, along said curve to the left an arc distance of 9.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 34 degrees 25 minutes 24 seconds West, a distance of 14.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 11 degrees 03 minutes 37 seconds East, a distance of 129.07 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 80 degrees 21 minutes 47 seconds East, a distance of 62.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 84 degrees 38 minutes 22 seconds East, a distance of 53.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 88 degrees 31 minutes 25 seconds East, a distance of 52.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 34 minutes 23 seconds, a radius of 970.00 feet, subtended by a 9.70 foot chord which bears North 01 degrees 45 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 9.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 87 degrees 57 minutes 02 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 02 degrees 02 minutes 58 seconds, a radius of 1030.00 feet, subtended by a 36.84 foot chord which bears South 01 degrees 01 minutes 29 seconds East; THENCE, along said curve to the right an arc distance of 36.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South, a distance of 51.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, East, a distance of 123.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, South, a distance of 65.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 01 degrees 29 minutes 16 seconds, a radius of 430.00 feet, subtended by a 11.17 foot chord which bears North 87 degrees 30 minutes 11 seconds West; THENCE, along said curve to the left an arc distance of 11.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 01 degrees 45 minutes 11 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 43 degrees 44 minutes 11 seconds East, a distance of 14.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South, a distance of 146.43 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 55 minutes 54 seconds, a radius of 1098.00 feet, subtended by a 17.85 foot chord which bears South 79 degrees 55 minutes 06 seconds East; THENCE, along said curve to the right an arc distance of 17.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 10 degrees 32 minutes 51 seconds West, a distance of 125.00 feet to the POINT OF BEGINNING and CONTAINING 14.65 acres of land, more or less. PHASE 1C WHEREAS, QUAIL VALLEY DEVCO I, LLC are the owners of a tract of land situated in the M.C. Moulton Survey Abstract No. 934, the Heirs of C.H. Higbee Survey, Abstract No. 2740, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, and the International & Great Northern R.R. Co. Survey, Abstract No. 2004, Parker County, Texas, and being a portion of Tract 1 as described in deed to QUAIL VALLEY DEVCO I, LLC, as recorded in Document No. 201607571 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and all of WALSH RANCH, QUAIL VALLEY, Lots 1 thru 33, Lot 19 POS*, Block A, Lots 1 thru 16, Block B, Lots 1 thru 16, Block C, Lots 1 thru 10, Block D, Lots 1 thru 7, Lot 8 POS*, Block E, Lots 5 thru 14, Block F, Lots 2 thru 14, Lots16 thru 20, Lot 15 POS*, Block G, Lots 1 thru 4, Lots 6 thru 33, Lots 40 thru 46, Lot 5 POS*, Block H, Lots 1 thru 6, Lots 8 thru 13, Lots 15 thru 23, Lot 7 POS*, Lot 14 POS*, Block J, Lots 1 thru 4, Lots 6 thru 14, Lot 5 POS*, Block K, Lots 1 thru 14, Lots 16 thru 21, Lots 23 thru 34, Lot 15 POS*, Lot 22 POS*, Block L, Lots 8 thru 10, Block M, Lots 4 thru 7, Lots 9 thru 27, Lot 8 POS*, Block R, Lots 2 thru 25, Lot 1 POS*, Block S, Lot 1 POS*, Block T, Lots 1 thru 3, Lots 5 thru 20, Lot 4 POS*, Block U, Lots 1 thru 6, Lots 8 thru 22, Lot 7 POS*, Block V, Lots 1 thru 8, Block W, Lots 1 thru 13, Block X, Lots 1 thru 7, Lots 9 thru 23, Lot 8 POS*, Block Y, Lots 1 thru 18, Block Z, Lots 1 thru 8, Block AA, Lots 7 thru 16, Block AB, Lots 1 thru 13, Block AC, Lots 1 thru 8, Block AD, Lot 1 POS*, Block AE, Lots 1 thru 8, Block AF, Lots 1 thru 3, Lots 5 thru 12, Lot 4 POS*, Block AG, Lots 1 thru 15, Lots 17 thru 33, Lot 16 POS*, Block AH, Lots 1 thru 7, Lots 9 thru 28, Lot 8 POS*, Block AJ, Lot 1 POS*, Block AL, Lot 1 POS*, Block AM, Lot 1 POS*, Block AN, Lot 1 POS*, Block AP, Lot 1 POS*, Block AQ, Lot 1 POS*, Block AR, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 756 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the intersection of the westerly line of Private Open Space Lot 9X, as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, WALSH RANCH, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637, P.R.P.C.T., and the northerly right of way line of Walsh Avenue, as shown on the final plat of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK AK, & WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, Texas as recorded in Cabinet D, Page 654, P.R.P.C.T.; THENCE, along the northerly right of way line of Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 219.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet, subtended by a 490.20 foot chord which bears North 83 degrees 00 minutes 00 seconds West; Along said curve to the right an arc distance of 495.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 11 degrees 27 minutes 09 seconds, a radius of 973.00 feet, subtended by a 194.16 foot chord which bears North 73 degrees 43 minutes 34 seconds West; Along said curve to the left an arc distance of 194.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the southeast corner of Lot 1, Block F of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS1 THRU 6, 7-POS*, BLOCK M, LOT 1-POS*, BLOCK N, LOTS 1 THRU 15, BLOCK P, LOTS 1 THRU 5, 6-POS*, BLOCK Q, LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 655 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, departing the northerly right of way line of said Walsh Avenue, along said WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS1 THRU 6, 7- POS*, BLOCK M, LOT 1-POS*, BLOCK N, LOTS 1 THRU 15, BLOCK P, LOTS 1 THRU 5, 6- POS*, BLOCK Q, LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, the following courses: North 10 degrees 32 minutes 51 seconds East, a distance of 125.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 00 degrees 55 minutes 54 seconds, a radius of 1098.00 feet, subtended by a 17.85 foot chord which bears North 79 degrees 55 minutes 06 seconds West; Along said curve to the left an arc distance of 17.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 146.43 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 43 degrees 44 minutes 11 seconds West, a distance of 14.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 01 degree 45 minutes 11 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 01 degree 29 minutes 16 seconds, a radius of 430.00 feet, subtended by a 11.17 foot chord which bears South 87 degrees 30 minutes 11 seconds East; Along said curve to the right an arc distance of 11.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 65.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; West, a distance of 123.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North, a distance of 51.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 02 degrees 02 minutes 58 seconds, a radius of 1030.00 feet, subtended by a 36.84 foot chord which bears North 01 degree 01 minute 29 seconds West; Along said curve to the left an arc distance of 36.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 87 degrees 57 minutes 02 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 34 minutes 23 seconds, a radius of 970.00 feet, subtended by a 9.70 foot chord which bears South 01 degree 45 minutes 47 seconds East; Along said curve to the right an arc distance of 9.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 88 degrees 31 minutes 25 seconds West, a distance of 52.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 84 degrees 38 minutes 22 seconds West, a distance of 53.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 80 degrees 21 minutes 47 seconds West, a distance of 62.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 11 degrees 03 minutes 37 seconds West, a distance of 129.07 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 34 degrees 25 minutes 24 seconds East, a distance of 14.02 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 42 minutes 59 seconds, a radius of 770.00 feet, subtended by a 9.63 foot chord which bears North 80 degrees 38 minutes 14 seconds East; Along said curve to the right an arc distance of 9.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 09 degrees 00 minutes 16 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 10 degrees 53 minutes 19 seconds, a radius of 830.00 feet, subtended by a 157.50 foot chord which bears South 75 degrees 33 minutes 04 seconds West; Along said curve to the left an arc distance of 157.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 66 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 67 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 20 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 05 degrees 18 minutes 59 seconds, a radius of 830.00 feet, subtended by a 76.99 foot chord which bears South 61 degrees 14 minutes 06 seconds West; Along said curve to the left an arc distance of 77.01 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 76 degrees 44 minutes 29 seconds West, a distance of 21.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 03 degrees 02 minutes 36 seconds, a radius of 528.00 feet, subtended by a 28.04 foot chord which bears North 29 degrees 12 minutes 22 seconds West; Along said curve to the right an arc distance of 28.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 27 degrees 41 minutes 04 seconds West, a distance of 32.79 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 18 minutes 56 seconds West, a distance of 52.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 27 degrees 41 minutes 04 seconds East, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 18 minutes 56 seconds West, a distance of 122.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 27 degrees 41 minutes 04 seconds West, a distance of 30.24 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 62 degrees 34 minutes 07 seconds West, a distance of 126.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 21 degrees 00 minutes 00 seconds West, a distance of 10.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 69 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 21 degrees 00 minutes 00 seconds East, a distance of 111.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 26 degrees 22 minutes 39 seconds West, a distance of 20.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 38 minutes 58 seconds, a radius of 770.00 feet, subtended by a 8.73 foot chord which bears South 74 degrees 31 minutes 50 seconds West; Along said curve to the right an arc distance of 8.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 15 degrees 08 minutes 41 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 08 minutes 41 seconds, a radius of 830.00 feet, subtended by a 74.50 foot chord which bears South 77 degrees 25 minutes 40 seconds West; Along said curve to the right an arc distance of 74.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 80 degrees 00 minutes 00 seconds West, a distance of 25.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 10 degrees 00 minutes 00 seconds East, a distance of 127.73 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 83 degrees 49 minutes 03 seconds West, a distance of 9.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South, a distance of 171.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 05 degrees 31 minutes 02 seconds East, a distance of 52.08 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 05 degrees 02 minutes 40 seconds, a radius of 1310.00 feet, subtended by a 115.30 foot chord which bears North 81 degrees 57 minutes 38 seconds East; Along said curve to the left an arc distance of 115.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 09 degrees 03 minutes 01 second East, a distance of 16.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 55 degrees 32 minutes 59 seconds East, a distance of 14.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 01 degree 24 minutes 58 seconds, a radius of 580.00 feet, subtended by a 14.33 foot chord which bears South 11 degrees 32 minutes 31 seconds East; Along said curve to the left an arc distance of 14.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 12 degrees 15 minutes 00 seconds East, a distance of 81.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 33 degrees 29 minutes 33 seconds West, a distance of 20.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the northerly right of way line of said Walsh Avenue, and being the beginning of a non-tangent curve to the right having a central angle of 36 degrees 47 minutes 21 seconds, a radius of 1447.00 feet, subtended by a 913.23 foot chord which bears North 82 degrees 04 minutes 24 seconds West; THENCE, departing the westerly line of said WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK G, LOTS 1 THRU 4, BLOCK F, LOTS1 THRU 6, 7-POS*, BLOCK M, LOT 1-POS*, BLOCK N, LOTS 1 THRU 15, BLOCK P, LOTS 1 THRU 5, 6-POS*, BLOCK Q, LOTS 1 THRU 3, BLOCK R, LOTS 1 THRU 6, BLOCK AB, and along the northerly right of way line of said Walsh Avenue the following courses: Along said curve to the right an arc distance of 929.11 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 27 degrees 45 minutes 07 seconds, a radius of 1353.00 feet, subtended by a 648.96 foot chord which bears North 77 degrees 33 minutes 17 seconds West; Along said curve to the left an arc distance of 655.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the westerly line of the aforementioned Tract 1; THENCE, departing the northerly right of way line of said Walsh Avenue, and along the westerly lines of said Tract 1, the following courses: North 13 degrees 01 minute 33 seconds East, a distance of 190.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 63 degrees 10 minutes 59 seconds East, a distance of 89.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 35 degrees 40 minutes 07 seconds West, a distance of 128.27 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 22 degrees 27 minutes 21 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the left having a central angle of 17 degrees 35 minutes 11 seconds, a radius of 220.00 feet, subtended by a 67.26 foot chord which bears North 58 degrees 45 minutes 03 seconds East; THENCE, departing the westerly line of said Tract 1, the following courses: Along said curve to the left an arc distance of 67.53 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 40 degrees 02 minutes 32 seconds West, a distance of 210.76 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the westerly line of said Tract 1; THENCE, along the westerly and northerly lines of said Tract 1 the following courses: North 05 degrees 50 minutes 37 seconds East, a distance of 172.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 24 minutes 15 seconds, a radius of 500.00 feet, subtended by a 99.36 foot chord which bears North 11 degrees 32 minutes 44 seconds East; Along said curve to the right an arc distance of 99.52 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 17 degrees 14 minutes 52 seconds East, a distance of 158.36 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 36 degrees 11 minutes 43 seconds, a radius of 100.00 feet, subtended by a 62.13 foot chord which bears North 00 degrees 51 minutes 00 seconds West; Along said curve to the left an arc distance of 63.17 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 18 degrees 56 minutes 51 seconds West, a distance of 11.89 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 39 degrees 02 minutes 19 seconds, a radius of 100.00 feet, subtended by a 66.82 foot chord which bears North 00 degrees 34 minutes 18 seconds East; Along said curve to the right an arc distance of 68.14 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 20 degrees 05 minutes 28 seconds East, a distance of 70.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 08 degrees 22 minutes 10 seconds, a radius of 200.00 feet, subtended by a 29.19 foot chord which bears North 24 degrees 16 minutes 33 seconds East; Along said curve to the right an arc distance of 29.22 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 50 degrees 57 minutes 11 seconds, a radius of 250.00 feet, subtended by a 215.07 foot chord which bears North 02 degrees 59 minutes 02 seconds East; Along said curve to the left an arc distance of 222.33 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 54 degrees 59 minutes 15 seconds, a radius of 100.00 feet, subtended by a 92.33 foot chord which bears North 05 degrees 00 minutes 04 seconds East; Along said curve to the right an arc distance of 95.97 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 32 degrees 29 minutes 42 seconds East, a distance of 36.65 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 46 degrees 54 minutes 26 seconds, a radius of 100.00 feet, subtended by a 79.60 foot chord which bears North 09 degrees 02 minutes 28 seconds East; Along said curve to the left an arc distance of 81.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 14 degrees 24 minutes 45 seconds West, a distance of 29.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 32 degrees 55 minutes 14 seconds, a radius of 100.00 feet, subtended by a 56.67 foot chord which bears North 02 degrees 02 minutes 52 seconds East; Along said curve to the right an arc distance of 57.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 18 degrees 53 minutes 19 seconds, a radius of 100.00 feet, subtended by a 32.82 foot chord which bears North 09 degrees 03 minutes 49 seconds East; Along said curve to the left an arc distance of 32.97 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 00 degrees 22 minutes 50 seconds West, a distance of 153.57 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 89 degrees 37 minutes 10 seconds East, a distance of 294.15 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; North 00 degrees 22 minutes 50 seconds West, a distance of 594.83 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; South 85 degrees 44 minutes 35 seconds East, a distance of 286.37 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; South 64 degrees 53 minutes 26 seconds East, a distance of 167.77 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a curve to the left having a central angle of 22 degrees 24 minutes 34 seconds, a radius of 960.00 feet, subtended by a 373.09 foot chord which bears South 76 degrees 05 minutes 43 seconds East; Along said curve to the left an arc distance of 375.47 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; South 87 degrees 18 minutes 00 seconds East, a distance of 620.89 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP” on the westerly right of way line of Mary's Ridge Road (a variable width right of way), as shown on the final plat of LOT 11X, BLOCK 1, AND MARY'S RIDGE ROAD RIGHT OF WAY, WALSH RANCH, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 638, P.R.P.C.T.; THENCE, along the westerly and southerly right of way lines of Mary's Ridge Road the following; South 02 degrees 42 minutes 00 seconds West, a distance of 53.00 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP” South 87 degrees 18 minutes 00 seconds East, a distance of 146.19 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a curve to the right having a central angle of 31 degrees 17 minutes 49 seconds, a radius of 1023.50 feet, subtended by a 552.15 foot chord which bears South 71 degrees 39 minutes 05 seconds East; Along said curve to the right an arc distance of 559.07 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the left having a central angle of 51 degrees 45 minutes 52 seconds, a radius of 1076.50 feet, subtended by a 939.83 foot chord which bears South 81 degrees 53 minutes 07 seconds East; Along said curve to the left an arc distance of 972.57 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the right having a central angle of 11 degrees 36 minutes 01 second, a radius of 1037.00 feet, subtended by a 209.60 foot chord which bears North 78 degrees 01 minute 58 seconds East; Along said curve to the right an arc distance of 209.95 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP” at the intersection of the south right of way line of Mary's Ridge Road, and the westerly line of Lot 10X, Block 1 of said final plat, LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, WALSH RANCH; THENCE, along the westerly line of said Lot 10X, the following courses: South 06 degrees 10 minutes 02 seconds East, a distance of 51.52 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a non-tangent curve to the right having a central angle of 02 degrees 09 minutes 38 seconds, a radius of 1037.00 feet, subtended by a 39.10 foot chord which bears North 81 degrees 42 minutes 27 seconds East; Along said curve to the right an arc distance of 39.10 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a non-tangent curve to the right having a central angle of 00 degrees 41 minutes 44 seconds, a radius of 3154.50 feet, subtended by a 38.29 foot chord which bears South 01 degree 58 minutes 20 seconds East; Along said curve to the right an arc distance of 38.29 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; South 01 degree 37 minutes 29 seconds East, a distance of 132.96 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a curve to the right having a central angle of 08 degrees 48 minutes 07 seconds, a radius of 1598.00 feet, subtended by a 245.25 foot chord which bears South 02 degrees 46 minutes 35 seconds West; Along said curve to the right an arc distance of 245.49 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a non-tangent curve to the left having a central angle of 44 degrees 10 minutes 38 seconds, a radius of 193.00 feet, subtended by a 145.15 foot chord which bears South 23 degrees 39 minutes 24 seconds West; Along said curve to the left an arc distance of 148.81 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the right having a central angle of 18 degrees 34 minutes 00 seconds, a radius of 517.00 feet, subtended by a 166.80 foot chord which bears South 10 degrees 51 minutes 08 seconds West; Along said curve to the right an arc distance of 167.53 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the left having a central angle of 19 degrees 59 minutes 11 seconds, a radius of 783.00 feet, subtended by a 271.75 foot chord which bears South 10 degrees 08 minutes 33 seconds West; Along said curve to the left an arc distance of 273.13 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”; South 00 degrees 08 minutes 58 seconds West, passing the southwest corner of said Lot 10X at a distance of 101.55 feet, also passing the northwest corner of said Lot 9X at a distance of 161.56, in all a total a distance of 257.44 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP” on the westerly line of said Lot 9X, and being the beginning of a curve to the left having a central angle of 32 degrees 28 minutes 53 seconds, a radius of 603.00 feet, subtended by a 337.29 foot chord which bears South 16 degrees 05 minutes 28 seconds East; THENCE, along the westerly line of said Lot 9X, the following courses: Along said curve to the left an arc distance of 341.85 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the right having a central angle of 34 degrees 47 minutes 54 seconds, a radius of 407.00 feet, subtended by a 243.41 foot chord which bears South 14 degrees 55 minutes 58 seconds East; Along said curve to the right an arc distance of 247.19 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the left having a central angle of 15 degrees 47 minutes 58 seconds, a radius of 443.00 feet, subtended by a 121.77 foot chord which bears South 05 degrees 26 minutes 00 seconds East; Along said curve to the left an arc distance of 122.16 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the right having a central angle of 20 degrees 46 minutes 55 seconds, a radius of 837.00 feet, subtended by a 301.93 foot chord which bears South 02 degrees 56 minutes 31 seconds East; Along said curve to the right an arc distance of 303.59 feet to a 5/8 inch iron rod found with plastic cap stamped “Dunaway Assoc. LP”, and being the beginning of a reverse curve to the left having a central angle of 01 degree 15 minutes 43 seconds, a radius of 453.00 feet, subtended by a 9.98 foot chord which bears South 06 degrees 49 minutes 04 seconds West; Along said curve to the left an arc distance of 9.98 feet to the POINT OF BEGINNING and CONTAINING 177.98 acres of land, more or less. PHASE 2A WHEREAS, Quail Valley Devco I, LLC and Walsh Ranches Limited Partnership are the owners of a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, International & Great Northern R.R. Co. Survey, Abstract No. 2004, and the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of Tract 2 as described in deed to Quail Valley Devco I, LLC, as recorded in Document Number 201607571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.) and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped “Huitt-Zollars” at the southwest corner of the intersection of the westerly right of way line of Walsh Ranch Parkway(a variable width right of way), as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY WALSH RANCH, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.), with the southerly right of way line of Walsh Avenue (a 106.0 foot wide right of way), as shown on the final plat of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK AK, & WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, as recorded in Cabinet D, Page 654, P.R.P.C.T.; THENCE, along the southerly right of way line of said Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, departing the westerly right of way line of Walsh Ranch Parkway, a distance of 205.63 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt- Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 52 minutes 24 seconds, a radius of 1,053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; Along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 03 degrees 52 minutes 24 seconds East, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1,040.50 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; Along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 54 minutes 37 seconds, a radius of 1,053.00 feet, subtended by a 108.57 foot chord which bears North 74 degrees 13 minutes 14 seconds West; Along said curve to the right an arc distance of 108.62 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 65 degrees 34 minutes 17 seconds West departing the southerly right of way line of said Walsh Avenue, a distance of 21.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars" ; THENCE, South 22 degrees 00 minutes 00 seconds West, a distance of 445.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" and being the beginning of a curve to the right having a central angle of 41 degrees 11 minutes 37 seconds, a radius of 180.00 feet, subtended by a 126.64 foot chord which bears South 42 degrees 35 minutes 49 seconds West; THENCE, along said curve to the right an arc distance of 129.41 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 22 degrees 13 minutes 33 seconds East, a distance of 213.91 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 71 degrees 53 minutes 16 seconds East, a distance of 35.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 18 degrees 06 minutes 44 seconds East, a distance of 69.56 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 45 degrees 06 minutes 44 seconds East, a distance of 104.09 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 37 degrees 07 minutes 35 seconds East, a distance of 55.82 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 34 degrees 45 minutes 41 seconds, a radius of 80.00 feet, subtended by a 47.79 foot chord which bears North 54 degrees 30 minutes 25 seconds East; THENCE, along said curve to the right an arc distance of 48.54 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 71 degrees 53 minutes 16 seconds East, a distance of 52.56 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 65 degrees 52 minutes 46 seconds, a radius of 40.00 feet, subtended by a 43.50 foot chord which bears North 38 degrees 56 minutes 53 seconds East; THENCE, along said curve to the left an arc distance of 45.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 06 degrees 00 minutes 29 seconds East, a distance of 13.52 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 67 degrees 37 minutes 57 seconds, a radius of 70.00 feet, subtended by a 77.91 foot chord which bears North 39 degrees 49 minutes 28 seconds East; THENCE, along said curve to the right an arc distance of 82.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 35 degrees 37 minutes 55 seconds, a radius of 150.00 feet, subtended by a 91.79 foot chord which bears North 55 degrees 49 minutes 29 seconds East; THENCE, along said curve to the left an arc distance of 93.28 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 61 degrees 19 minutes 41 seconds, a radius of 123.00 feet, subtended by a 125.46 foot chord which bears North 68 degrees 40 minutes 22 seconds East; THENCE, along said curve to the right an arc distance of 131.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 20 minutes 13 seconds East, a distance of 72.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 54 degrees 37 minutes 01 second East, a distance of 136.70 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 53 degrees 31 minutes 57 seconds East, a distance of 464.31 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 04 degrees 27 minutes 12 seconds West, a distance of 162.60 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 85 degrees 32 minutes 48 seconds West, a distance of 63.74 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 52 minutes 44 seconds West, a distance of 165.75 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 03 degrees 50 minutes 00 seconds, a radius of 485.00 feet, subtended by a 32.44 foot chord which bears South 46 degrees 55 minutes 06 seconds West; THENCE, along said curve to the right an arc distance of 32.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 59 degrees 50 minutes 22 seconds West, a distance of 174.20 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 83 degrees 38 minutes 43 seconds West, a distance of 200.84 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 74 degrees 13 minutes 49 seconds West, a distance of 548.94 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 45 degrees 54 minutes 57 seconds West, a distance of 72.34 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 72 degrees 19 minutes 04 seconds West, a distance of 110.57 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 51 minutes 13 seconds West, a distance of 53.32 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 87 degrees 16 minutes 49 seconds West, a distance of 234.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 75 degrees 56 minutes 48 seconds West, a distance of 68.91 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 89 degrees 21 minutes 42 seconds West, a distance of 126.30 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 14 degrees 02 minutes 32 seconds West, a distance of 242.67 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 64 degrees 00 minutes 23 seconds East, a distance of 121.75 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 86 degrees 15 minutes 18 seconds East, a distance of 188.61 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 29 degrees 35 minutes 56 seconds West, a distance of 126.15 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 60 degrees 24 minutes 04 seconds East, a distance of 131.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 13 minutes 33 seconds West, a distance of 269.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 67 degrees 46 minutes 27 seconds West, a distance of 217.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 13 minutes 33 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 67 degrees 46 minutes 27 seconds East, a distance of 205.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 46 minutes 27 seconds East, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 13 minutes 33 seconds West, a distance of 123.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 12 degrees 25 minutes 03 seconds, a radius of 1530.00 feet, subtended by a 330.94 foot chord which bears North 16 degrees 01 minute 02 seconds West; THENCE, along said curve to the right an arc distance of 331.59 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 48 minutes 30 seconds West, a distance of 370.46 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 58 degrees 03 minutes 43 seconds West, a distance of 19.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of said Walsh Avenue, and being the beginning of a non-tangent curve to the right having a central angle of 05 degrees 57 minutes 30 seconds, a radius of 867.00 feet, subtended by a 90.12 foot chord which bears North 76 degrees 10 minutes 05 seconds East; THENCE, along the southerly right of way line of Walsh Avenue, and along said curve to the right an arc distance of 90.16 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 34 degrees 25 minutes 18 seconds West departing the south right of way line of said Walsh Avenue, a distance of 21.50 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars"; THENCE, South 09 degrees 48 minutes 30 seconds East, a distance of 374.68 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 12 degrees 25 minutes 03 seconds, a radius of 1470.00 feet, subtended by a 317.96 foot chord which bears South 16 degrees 01 minute 02 seconds East; THENCE, along said curve to the left an arc distance of 318.59 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 22 degrees 13 minutes 33 seconds East, a distance of 123.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 67 degrees 13 minutes 33 seconds East, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 67 degrees 46 minutes 27 seconds East, a distance of 389.13 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 45 degrees 46 minutes 27 seconds, a radius of 120.00 feet, subtended by a 93.34 foot chord which bears North 44 degrees 53 minutes 13 seconds East; THENCE, along said curve to the left an arc distance of 95.87 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 22 degrees 00 minutes 00 seconds East, a distance of 444.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 23 degrees 00 minutes 00 seconds West, a distance of 21.21 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of said Walsh Avenue; THENCE, South 68 degrees 00 minutes 00 seconds East along the southerly right of way line of Walsh Avenue, a distance of 30.00 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 03 degrees 15 minutes 56 seconds, a radius of 1053.00 feet, subtended by a 60.01 foot chord which bears South 69 degrees 37 minutes 58 seconds East; THENCE, continuing along the southerly right of way line of Walsh Avenue, and along said curve to the left an arc distance of 60.01 feet to the POINT OF BEGINNING and CONTAINING 21.91 acres of land, more or less. PHASE 2B WHEREAS, Quail Valley Devco I, LLC and Walsh Ranches Limited Partnership are the owners of a tract of land situated in the International & Great Northern R.R. Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of Tract 2 as described in deed to Quail Valley Devco I, LLC, as recorded in Document Number 201607571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.) and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped “Huitt-Zollars” at the northwest corner of Lot 7X, Block 1, as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.), and being on the southerly right of way line of Walsh Avenue (a 106.0 foot wide right of way), as shown on the final plat of WALSH RANCH QUAIL VALLEY, LOT 1, BLOCK AK, & WALSH AVENUE ROW, an addition to the City of Fort Worth, Parker County, as recorded in Cabinet D, Page 654, P.R.P.C.T.; THENCE, along the southerly right of way line of said Walsh Avenue the following courses: South 82 degrees 00 minutes 00 seconds West, a distance of 205.63 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 11 degrees 52 minutes 24 seconds, a radius of 1,053.00 feet, subtended by a 217.82 foot chord which bears South 87 degrees 56 minutes 12 seconds West; Along said curve to the right an arc distance of 218.21 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; North 03 degrees 52 minutes 24 seconds East, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 08 degrees 57 minutes 04 seconds, a radius of 1,040.00 feet, subtended by a 162.39 foot chord which bears North 81 degrees 39 minutes 04 seconds West; Along said curve to the right an arc distance of 162.55 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; South 12 degrees 49 minutes 27 seconds West, a distance of 12.50 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 09 degrees 10 minutes 33 seconds, a radius of 1,053.00 feet, subtended by a 168.45 foot chord which bears North 72 degrees 35 minutes 16 seconds West; Along said curve to the right an arc distance of 168.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 38 degrees 48 minutes 40 seconds, a radius of 867.00 feet, subtended by a 576.13 foot chord which bears North 87 degrees 24 minutes 20 seconds West; Along said curve to the left an arc distance of 587.29 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars” for the POINT OF BEGINNING; THENCE, South 58 degrees 03 minutes 43 seconds East, departing the southerly right of way line of said Walsh Avenue, a distance of 19.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars" ; THENCE, South 09 degrees 48 minutes 30 seconds East, a distance of 305.99 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 80 degrees 11 minutes 30 seconds West, a distance of 265.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 09 degrees 48 minutes 30 seconds West, a distance of 265.19 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" on the southerly right of way line of Walsh Avenue, and being the beginning of a non-tangent curve to the left having a central angle of 04 degrees 41 minutes 43 seconds, a radius of 1553.00 feet, subtended by a 127.23 foot chord which bears North 67 degrees 01 minute 28 seconds East; THENCE, along the southerly right of way line of Walsh Avenue, and along said curve to the left an arc distance of 127.27 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 08 degrees 30 minutes 44 seconds, a radius of 867.00 feet, subtended by a 128.69 foot chord which bears North 68 degrees 55 minutes 58 seconds East; THENCE, continuing along the southerly right of way line of Walsh Avenue, and along said curve to the right an arc distance of 128.81 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt- Zollars" at the POINT OF BEGINNING and CONTAINING 1.79 Acres of land, more or less. PHASE 2C BEING a tract of land situated in the Heirs of C.H. Higbee Survey, Abstract No. 2740, International & Great Northern R.R. Co. Survey, Abstract No. 2004, Parker County, Texas, and being a portion of Tracts 2 and 3 as described in deed to Quail Valley Devco I, LLC, as recorded in Document Number 201707571 of the Official Property Records of Parker County, Texas(O.P.R.P.C.T.) and a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of LOTS 1X THRU 10X, BLOCK 1 AND WALSH RANCH PARKWAY RIGHT-OF-WAY, an addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet D, Page 637 of the Plat Records of Parker County, Texas (P.R.P.C.T.); THENCE, South 02 degrees 23 minutes 57 seconds East, along the westerly right of way line of Walsh Creek Boulevard, a distance of 140.41 feet to a 5/8 inch iron rod found with cap stamped “DUNAWAY ASSOC. LP” at the southwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the southerly right of way line of Walsh Creek Boulevard, and being the beginning of a non-tangent curve to the right having a central angle of 17 degrees 27 minutes 48 seconds, a radius of 250.00 feet, subtended by a 75.90 foot chord which bears North 83 degrees 40 minutes 03 seconds West; THENCE, departing the westerly right of way line of said Walsh Creek Boulevard, and along said curve to the right an arc distance of 76.20 feet to the beginning of a reverse curve to the left having a central angle of 11 degrees 27 minutes 48 seconds, a radius of 250.00 feet, subtended by a 49.93 foot chord which bears North 80 degrees 40 minutes 03 seconds West; THENCE, along said curve to the left an arc distance of 50.02 feet to the point of tangency; THENCE, North 86 degrees 23 minutes 57 seconds West, a distance of 215.63 feet to the beginning of a curve to the left having a central angle of 08 degrees 10 minutes 47 seconds, a radius of 300.00 feet, subtended by a 42.79 foot chord which bears South 89 degrees 30 minutes 40 seconds West; THENCE, along said curve to the left an arc distance of 42.83 feet to the beginning of a compound curve to the left having a central angle of 09 degrees 29 minutes 45 seconds, a radius of 1470.00 feet, subtended by a 243.35 foot chord which bears South 80 degrees 40 minutes 24 seconds West; THENCE, along said curve to the left an arc distance of 243.63 feet to a point for a corner; THENCE, South 14 degrees 04 minutes 29 seconds East, a distance of 150.00 feet to a point for a corner; THENCE, South 73 degrees 44 minutes 47 seconds West, a distance of 100.38 feet to a point for an angle; THENCE, South 68 degrees 39 minutes 27 seconds West, a distance of 134.02 feet to a point for an angle; THENCE, South 64 degrees 39 minutes 25 seconds West, a distance of 50.25 feet to a point for an angle; THENCE, South 61 degrees 18 minutes 12 seconds West, a distance of 109.91 feet to a point for an angle; THENCE, South 58 degrees 25 minutes 34 seconds West, a distance of 90.10 feet to a point for an angle; THENCE, South 55 degrees 57 minutes 29 seconds West, a distance of 114.06 feet to a point for an angle; THENCE, South 53 degrees 58 minutes 23 seconds West, a distance of 50.16 feet to a point for an angle; THENCE, South 52 degrees 00 minutes 57 seconds West, a distance of 111.75 feet to a point for a corner; THENCE, North 39 degrees 20 minutes 07 seconds West, a distance of 150.00 feet to the beginning of a non-tangent curve to the left having a central angle of 00 degrees 26 minutes 58 seconds, a radius of 2520.00 feet, subtended by a 19.76 foot chord which bears South 50 degrees 26 minutes 24 seconds West; THENCE, along said curve to the left an arc distance of 19.76 feet to a point for a corner; THENCE, North 39 degrees 47 minutes 05 seconds West, a distance of 60.00 feet to the beginning of a non-tangent curve to the right having a central angle of 00 degrees 26 minutes 58 seconds, a radius of 2580.00 feet, subtended by a 20.24 foot chord which bears North 50 degrees 26 minutes 24 seconds East; THENCE, along said curve to the right an arc distance of 20.24 feet to a point for a corner; THENCE, North 39 degrees 20 minutes 07 seconds West, a distance of 144.95 feet to a point for a corner; THENCE, South 54 degrees 36 minutes 55 seconds West, a distance of 40.21 feet to a point for a corner; THENCE, North 33 degrees 35 minutes 09 seconds West, a distance of 92.60 feet to a point for an angle; THENCE, North 28 degrees 44 minutes 49 seconds West, a distance of 72.78 feet to a point for an angle; THENCE, North 19 degrees 58 minutes 19 seconds West, a distance of 110.00 feet to the beginning of a non-tangent curve to the right having a central angle of 02 degrees 46 minutes 08 seconds, a radius of 885.00 feet, subtended by a 42.76 foot chord which bears North 71 degrees 24 minutes 46 seconds East; THENCE, along said curve to the right an arc distance of 42.77 feet to a point for a corner; THENCE, North 17 degrees 12 minutes 10 seconds West, a distance of 173.09 feet to a point for a corner; THENCE, North 80 degrees 12 minutes 00 seconds East, a distance of 123.57 feet to a point for a corner; THENCE, South 76 degrees 35 minutes 19 seconds East, a distance of 60.00 feet to the beginning of a non-tangent curve to the right having a central angle of 01 degrees 55 minutes 48 seconds, a radius of 1025.00 feet, subtended by a 34.52 foot chord which bears North 14 degrees 22 minutes 35 seconds East; THENCE, along said curve to the right arc distance of 34.52 feet to a point for a corner; THENCE, North 32 degrees 06 minutes 19 seconds West, a distance of 20.11 feet to the beginning of a non-tangent curve to the left having a central angle of 05 degrees 53 minutes 33 seconds, a radius of 1125.00 feet, subtended by a 115.65 foot chord which bears North 83 degrees 21 minutes 56 seconds West; THENCE, along said curve to the left an arc distance of 115.70 feet to a point for a corner; THENCE, North 03 degrees 41 minutes 17 seconds East, a distance of 95.00 feet to a point for an angle; THENCE, North 26 degrees 03 minutes 18 seconds East, a distance of 132.03 feet to a point for an angle; THENCE, North 45 degrees 54 minutes 57 seconds East, a distance of 130.90 feet to a point for a corner; THENCE, South 35 degrees 19 minutes 33 seconds East, a distance of 156.23 feet to the beginning of a non-tangent curve to the right having a central angle of 04 degrees 15 minutes 34 seconds, a radius of 405.00 feet, subtended by a 30.10 foot chord which bears North 49 degrees 58 minutes 49 seconds East; THENCE, along said curve to the right an arc distance of 30.11 feet to a point for a corner; THENCE, North 35 degrees 19 minutes 33 seconds West, a distance of 158.38 feet to a point for a corner; THENCE, North 67 degrees 30 minutes 35 seconds East, a distance of 140.95 feet to a point for an angle; THENCE, North 74 degrees 15 minutes 07 seconds East, a distance of 221.29 feet to a point for a corner; THENCE, South 82 degrees 30 minutes 00 seconds East, a distance of 55.59 feet to a point for a corner; THENCE, South 07 degrees 30 minutes 00 seconds West, a distance of 153.66 feet to the beginning of a non-tangent curve to the right having a central angle of 04 degrees 14 minutes 42 seconds, a radius of 405.00 feet, subtended by a 30.00 foot chord which bears South 82 degrees 30 minutes 00 seconds East; THENCE, along said curve to the right an arc distance of 30.01 feet to a point for a corner; THENCE, North 07 degrees 30 minutes 00 seconds East, a distance of 153.66 feet to a point for a corner; THENCE, North 47 degrees 30 minutes 00 seconds East, a distance of 75.06 feet a point for an angle; THENCE, North 74 degrees 15 minutes 07 seconds East, a distance of 63.95 feet to a point for an angle; THENCE, North 83 degrees 38 minutes 44 seconds East, a distance of 87.00 feet to a point for a corner; THENCE, South 06 degrees 21 minutes 17 seconds East, a distance of 130.86 feet to the beginning of a non-tangent curve to the right having a central angle of 26 degrees 41 minutes 05 seconds, a radius of 65.00 feet, subtended by a 30.00 foot chord which bears North 83 degrees 38 minutes 43 seconds East; THENCE, along said curve to the right an arc distance of 30.27 feet to a point for a corner; THENCE, North 06 degrees 21 minutes 17 seconds West, a distance of 130.86 feet to a point for a corner; THENCE, North 83 degrees 38 minutes 44 seconds East, a distance of 87.05 feet to a point for an angle; THENCE, North 59 degrees 50 minutes 22 seconds East, a distance of 154.35 feet to a point for an angle; THENCE, North 67 degrees 22 minutes 59 seconds East, a distance of 58.71 feet to a point for a corner; THENCE, South 26 degrees 59 minutes 27 seconds East, a distance of 45.87 feet to a point for a corner; THENCE, South 60 degrees 00 minutes 15 seconds West, a distance of 49.99 feet to a point for an angle; THENCE, South 31 degrees 49 minutes 18 seconds West, a distance of 53.01 feet to a point for an angle; THENCE, South 33 degrees 45 minutes 24 seconds East, a distance of 90.14 feet a point for a corner; THENCE, South 28 degrees 34 minutes 12 seconds West, a distance of 69.63 feet to a point for an angle; THENCE, South 01 degrees 20 minutes 14 seconds East, a distance of 74.22 feet to point for a corner; THENCE, North 83 degrees 28 minutes 52 seconds West, a distance of 171.85 feet to the beginning of a non-tangent curve to the right having a central angle of 17 degrees 41 minutes 59 seconds, a radius of 65.00 feet, subtended by a 20.00 foot chord which bears South 06 degrees 31 minutes 08 seconds West; THENCE, along said curve to the right an arc distance of 20.08 feet to a point for a corner; THENCE, South 83 degrees 28 minutes 52 seconds East, a distance of 174.61 feet to a point for a corner; THENCE, South 01 degrees 20 minutes 14 seconds East, a distance of 10.65 feet to a point for an angle; THENCE, South 30 degrees 51 minutes 08 seconds West, a distance of 96.55 feet to a point for an angle; THENCE, South 12 degree 22 minutes 26 seconds East, a distance of 41.09 feet to an angle point; THENCE, South 20 degrees 13 minutes 00 seconds West, a distance of 78.28 feet to a point for an angle; THENCE, South 41 degrees 09 minutes 03 seconds East, a distance of 115.07 feet to a point for a corner; THENCE, South 06 degrees 51 minutes 33 seconds West, a distance of 112.77 feet to a point for an angle; THENCE, South 10 degrees 44 minutes 05 seconds East, a distance of 25.27 feet to the beginning of a non-tangent curve to the right having a central angle of 05 degrees 57 minutes 22 seconds, a radius of 1530.00 feet, subtended by a 158.98 foot chord which bears North 84 degrees 20 minutes 37 seconds East; THENCE, along said curve to the right an arc distance of 159.05 feet to the beginning of a reverse curve to the left having a central angle of 03 degrees 13 minutes 15 seconds, a radius of 600.00 feet, subtended by a 33.72 foot chord which bears North 85 degrees 42 minutes 41 seconds East; THENCE, along said curve to the left an arc distance of 33.73 feet to the point of tangency; THENCE, North 84 degrees 06 minutes 03 seconds East, a distance of 164.53 feet to the beginning of a curve to the left having a central angle of 13 degrees 57 minutes 32 seconds, a radius of 250.00 feet, subtended by a 60.76 foot chord which bears North 77 degrees 07 minutes 17 seconds East; THENCE, along said curve to the left an arc distance of 60.91 feet to the beginning of a reverse curve to the right having a central angle of 17 degrees 27 minutes 32 seconds, a radius of 250.00 feet, subtended by a 75.88 foot chord which bears North 78 degrees 52 minutes 17 seconds East; THENCE, along said curve to the right an arc distance of 76.18 feet to the POINT OF BEGINNING and CONTAINING 23.80 Acres of land, more or less. PHASE 4A CUSTOMS BEING a 190.9671 acre (8,318,526 square foot) tract of land situated in the Houston Tap and Brazoria Railroad Company Survey No. 19, Abstract No. 654, the International and Great Northern Railroad Company Survey, Abstract No. 2004, and the Jonathan Burleson Survey, Abstract No. 78, Parker County and Tarrant County, Texas, and being part of a tract of land described in the Special Warranty Deed to Walsh Ranches Limited Partnership, recorded in Volume 1699, Page 1765, Deed Records of Parker County, Texas and in Volume 12624, Page 92, Deed Records of Tarrant County, Texas, and being more particularly described as follows: COMMENCING at a 5/8-inch iron rod with “HUITT-ZOLLARS” cap found at the southeast corner of Lot 19-X, Block 60, of Walsh Ranch - Quail Valley, an addition to the City of Fort Worth according to the plat recorded in Instrument No. 202304398, Official Public Records, Parker County, Texas, and being in the east line of the said Walsh Ranches Limited Partnership tract; THENCE South 00°43'04” East, along the said east line, a distance of 266.03 to a 5/8-inch iron rod with “HUITT-ZOLLARS cap found at the southeast corner of a called 19.62 acre tract of land described in the Special Warranty Deed to Quail Valley Community, Inc. Walsh Homeowners Association 1, recorded in Instrument No. 202238472, Official Public Records of Parker County, Texas, and being the POINT OF BEGINNING; THENCE South 00°43'04" East, continuing along the said east line, a distance of 165.74 feet to a fence corner post found for corner; THENCE South 00°41'45" East, a distance of 2,276.82 feet to a 5/8-inch iron rod with "KHA" cap set for corner; THENCE South 42°29'24" East, a distance of 274.98 feet to a 5/8-inch iron rod with "KHA" cap set for corner; THENCE South 32°19'10" East, a distance of 186.71 feet to a 5/8-inch iron rod with "KHA" cap set for corner; THENCE South 04°26'30" West, a distance of 601.66 feet to a 5/8-inch iron rod with “KHA” cap set for corner, being the beginning of a non-tangent curve to the right with a radius of 1,445.00 feet, a central angle of 06°15'07", and a chord bearing and distance of North 82°56'32" West, 157.60 feet; THENCE in a westerly direction, with said non-tangent curve to the right, an arc distance of 157.68 feet to a 5/8-inch iron rod found for corner; THENCE North 79°48'58" West, a distance of 302.83 feet to a 5/8-inch iron rod with “DUNAWAY” cap found for corner, being the beginning of a tangent curve to the left with a radius of 1,555.00 feet, a central angle of 27°35'31", and a chord bearing and distance of South 86°23'16" West, 741.63 feet; THENCE in a westerly direction, with said tangent curve to the left, an arc distance of 748.84 feet to a 5/8-inch iron rod with “DUNAWAY” cap found for corner; THENCE South 72°35'31" West, a distance of 346.78 feet to a 5/8-inch iron rod found for corner, being the beginning of a tangent curve to the right with a radius of 1,867.50 feet, a central angle of 09°16'29", and a chord bearing and distance of South 77°13'46" West, 301.97 feet; THENCE in a westerly direction, with said tangent curve to the right, an arc distance of 302.30 feet to a 5/8-inch iron rod with “KHA” cap set for corner, being the beginning of a compound curve to the right with a radius of 83.00 feet, a central angle of 09°58'57", and a chord bearing and distance of South 86°51'29" West, 14.44 feet; THENCE in a westerly direction, with said compound curve to the right, an arc distance of 14.46 feet to a 5/8-inch iron rod with “KHA” cap set for corner; THENCE North 88°09'03" West, a distance of 76.43 feet to a 5/8-inch iron rod found for corner, being the beginning of a tangent curve to the left with a radius of 267.00 feet, a central angle of 05°58'53", and a chord bearing and distance of South 88°51'30" West, 27.86 feet; THENCE in a westerly direction, with said tangent curve to the left, an arc distance of 27.87 feet to a 5/8-inch iron rod with “KHA” cap set for corner, being the beginning of a reverse curve to the right with a radius of 1,833.00 feet, a central angle of 02°31'51", and a chord bearing and distance of South 87°08'00" West, 80.96 feet; THENCE in a westerly direction, with said reverse curve to the right, an arc distance of 80.97 feet to a 5/8-inch iron rod with “DUNAWAY” cap found for corner; THENCE South 88°25'39" West, a distance of 50.60 feet to a 5/8-inch iron rod with “DUNAWAY” cap found for corner in the north right-of-way line of Quail Meadow Drive, a variable width right-of- way; THENCE South 88°48'51" West, along the said north right-of-way line of Quail Meadow Drive, a distance of 48.15 feet to a 5/8-inch iron rod with “DUNAWAY” cap found at the southernmost end of a circular right-of-way corner clip at the intersection of said north right-of-way line and the east right-of-way line of Walsh Ranch Parkway, a variable width right-of-way, and being the beginning of a non-tangent curve to the right with a radius of 138.00 feet, a central angle of 28°07'15", and a chord bearing and distance of North 61°29'48" West, 67.05 feet; THENCE in a northwesterly direction, along said right-of-way corner clip, and along said non-tangent curve to the right, an arc distance of 67.73 feet to a 5/8-inch iron rod with "KHA" cap set for corner at the southernmost corner of Lot 4X, Block 1, Walsh Ranch, an addition to the City of Fort Worth according to the plat recorded in Cabinet D, Page 637, of the Plat Records of Parker County, Texas; THENCE along the east line of said Lot 4X, the following twelve (12) calls: North 45°03'24" East, a distance of 10.88 feet to a 5/8-inch iron rod with "KHA" cap set for corner, being at the beginning of a tangent curve to the left with a radius of 107.00 feet, a central angle of 66°15'56", and a chord bearing and distance of North 11°55'27" East, 116.97 feet; In a northeasterly direction, along said tangent curve to the left, an arc distance of 123.75 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the right with a radius of 193.00 feet, a central angle of 21°16'50", and a chord bearing and distance of North 10°34'06" West, 71.27 feet; In a northwesterly direction, along said reverse curve to the right, an arc distance of 71.68 feet to a 5/8-inch iron rod found at the beginning of a reverse curve to the left with a radius of 257.00 feet, a central angle of 64°38'14", and a chord bearing and distance of North 32°14'49" West, 274.80 feet; In a northwesterly direction, along said reverse curve to the left, an arc distance of 289.93 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the right with a radius of 253.00 feet, a central angle of 81°13'26", and a chord bearing and distance of North 23°57'13" West, 329.37 feet; In a northwesterly direction, along said reverse curve to the right, an arc distance of 358.66 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the left with a radius of 377.00 feet, a central angle of 66°03'23", and a chord bearing and distance of North 16°22'11" West, 410.97 feet; In a northwesterly direction, along said reverse curve to the left, an arc distance of 434.64 feet to a 5/8-inch iron rod found at the beginning of a reverse curve to the right with a radius of 273.00 feet, a central angle of 56°29'27", and a chord bearing and distance of North 21°09'09" West, 258.39 feet; In a northwesterly direction, along said reverse curve to the right, an arc distance of 269.16 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the left with a radius of 257.00 feet, a central angle of 43°41'19", and a chord bearing and distance of North 14°45'05" West, 191.25 feet; In a northwesterly direction, along said reverse curve to the left, an arc distance of 195.97 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the right with a radius of 268.00 feet, a central angle of 69°51'02", and a chord bearing and distance of North 01°40'13" West, 306.86 feet; In a northwesterly direction, along said reverse curve to the right, an arc distance of 326.72 feet to a 5/8-inch iron rod found at the beginning of a reverse curve to the left with a radius of 307.00 feet, a central angle of 60°52'48", and a chord bearing and distance of North 02°48'54" East, 311.07 feet; In a northeasterly direction, along said reverse curve to the left, an arc distance of 326.20 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the right with a radius of 233.00 feet, a central angle of 56°37'31", and a chord bearing and distance of North 00°41'16" East, 221.02 feet; In a northeasterly direction, along said reverse curve to the right, an arc distance of 230.27 feet to a 5/8-inch iron rod with "DUNAWAY" cap found at the beginning of a reverse curve to the left with a radius of 127.00 feet, a central angle of 106°07'38", and a chord bearing and distance of North 24°03'48" West, 203.02 feet; In a northwesterly direction, along said reverse curve to the left, an arc distance of 235.24 feet to a 5/8-inch iron rod found for corner; THENCE North 26°08'54" West, continuing along the said east line, at a distance of 67.42 feet passing a 5/8-inch iron rod with “DUNAWAY” cap found at the southeast corner of the easterly terminus of Walsh Creek Boulevard (a variable width right-of-way), continuing along said easterly terminus, at a distance of 207.83 feet passing the northeast corner of the said easterly terminus and the southeast corner of Lot 5X, Block 1 of said Walsh Ranch, and continuing along the east line of said Lot 5X, a total distance of 247.14 feet to a 5/8-inch iron rod found for corner; THENCE continuing along the said east line of Lot 5X, the following five (5) calls: North 71°08'54" West, a distance of 64.62 feet to a 5/8-inch iron rod with “DUNAWAY” cap found for corner; North 26°08'54" West, a distance of 379.60 feet to a 5/8-inch iron rod found for corner; North 28°26'20" West, a distance of 116.36 feet to a 5/8-inch iron rod found for corner; North 16°39'10" East, a distance of 135.76 feet to a 5/8-inch iron rod with "DUNAWAY" cap found for corner; North 28°20'50" West, a distance of 152.98 feet to a 5/8-inch iron rod with “HUITT- ZOLLARS” cap found for corner, being the southwest corner of the aforementioned called 19.62 acre tract; THENCE North 61°39'10" East, departing the said east line of Lot 5X, and along the south line of the said called 19.62 acre tract, a distance of 79.50 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; THENCE continuing along the said south line of the called 19.62 acre tract, the following thirty-one (31) calls: North 22°04'42" East, a distance of 112.28 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 80°49'34" East, a distance of 188.71 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 45°23'48" East, a distance of 177.37 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 62°41'19" East, a distance of 120.44 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 08°32'56" East, a distance of 63.88 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 04°07'32" East, a distance of 134.09 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 20°15'53" East, a distance of 67.98 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 72°39'28" East, a distance of 81.28 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; North 80°36'24" East, a distance of 155.75 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 83°12'05" East, a distance of 72.03 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 15°13'14" East, a distance of 82.12 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 49°12'56" East, a distance of 112.71 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 75°58'35" East, a distance of 151.45 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 82°49'19" East, a distance of 120.20 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 83°28'23" East, a distance of 130.37 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 00°03'22" East, a distance of 41.48 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; North 57°25'03" East, a distance of 104.78 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 37°13'48" East, a distance of 122.73 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 02°58'50" East, a distance of 139.16 feet to a 5/8-inch iron rod with "KHA" cap set for corner; North 35°59'12" East, a distance of 91.08 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; North 85°23'46" East, a distance of 137.95 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 37°33'08" East, a distance of 64.76 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; North 48°46'08" East, a distance of 62.44 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 74°57'15" East, a distance of 93.54 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; North 73°26'02" East, a distance of 105.30 feet to a 5/8-inch iron rod with "KHA" cap set for corner; North 49°54'02" East, a distance of 162.03 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 82°06'13" East, a distance of 216.45 feet to a 5/8-inch iron rod with "KHA" cap set for corner; South 60°50'24" East, a distance of 62.28 feet to a 5/8-inch iron rod with "HUITT-ZOLLARS" cap found for corner; South 89°49'38" East, a distance of 178.52 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; South 36°22'34" East, a distance of 123.54 feet to a 5/8-inch iron rod with "HUITT- ZOLLARS" cap found for corner; North 89°16'56" East, a distance of 265.23 feet to the POINT OF BEGINNING and containing 8,318,526 square feet or 190.9671 acres of land, more or less. PHASE 5A WHEREAS: Quail Valley Devco V, LLC is the owner of a tract of land situated in the G.E. & A.H. Tandy Survey, Abstract No. 2356, I. & G.N. Railroad Company Survey, Abstract No. 1995 and the I. & G.N. Railroad Company Survey, Abstract No. 1996, and being a portion of a 212.7-acre tract of land described in Special Warranty Deed to Quail Valley Devco V, LLC, recorded in Document No. 202426155 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the northwest corner of said 212.7-acre tract, said point also being the southwest corner of Lot 13-X, Block 28 of Walsh Ranch – Quail Valley, an addition to the City of Fort Worth, Texas as recorded in Plat Cabinet F, Slide 634, Document No. 202331885, (O.P.R.P.C.T.) and being on the easterly line of a tract of land described in Special Warranty Deed to Quail Valley Devco VLO, LLC as recorded in Document No. 202148529, (O.P.R.P.C.T.) and being South 03 degrees 45 minutes 02 seconds West 196.90 feet from a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found at the southerly right-of-way corner clip of Cedar Brook Place as shown on said plat; THENCE along the southerly line of said Lot 13-X, Block 28, Walsh Ranch – Quail Valley and northerly line of said 212.7-acre tract the following courses: North 90 degrees 00 minutes 00 seconds East a distance of 540.09 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; North 30 degrees 00 minutes 00 seconds East a distance of 200.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; North 90 degrees 00 minutes 00 seconds East a distance of 615.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found at the southeast corner of said lot and being common with the most southerly-southwest corner of a 109.5-acre addition of Walsh Ranch – Quail Valley, an addition to the City of Fort Worth, Texas, as recorded in Plat Cabinet E, Slide 488, Document No. 202006529, (O.P.R.P.C.T.); THENCE along the southerly line of said Walsh Ranch – Quail Valley 109.5-acre addition and northerly line of said 212.7-acre tract the following courses: South 82 degrees 36 minutes 00 seconds East a distance of 595.49 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; North 15 degrees 00 minutes 00 seconds East a distance of 122.79 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 89 degrees 57 minutes 18 seconds East a distance of 356.47 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 50 degrees 52 minutes 58 seconds East a distance of 250.37 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found at the most easterly-northeast corner of said 212.7-acre tract from which a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found for reference bears South 50 degrees 52 minutes 58 seconds East, a distance of 356.01 feet; THENCE departing the southerly line of said Walsh Ranch – Quail Valley 109.5-acre addition and continuing along the easterly and northeast line of said 212.7-acre tract the following courses: South 39 degrees 07 minutes 02 seconds West a distance of 268.46 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 09 degrees 00 minutes 00 seconds East a distance of 400.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 61 degrees 01 minute 01 second West a distance of 130.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 81 degrees 00 minutes 00 seconds West a distance of 276.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; South 10 degrees 00 minutes 00 seconds West a distance of 250.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; North 90 degrees 00 minutes 00 seconds East a distance of 435.00 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; North 61 degrees 49 minutes 25 seconds East a distance of 310.70 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” found; THENCE departing the northeast line of said 212.7-acre tract and continuing over and across said tract the following courses: South 12 degrees 51 minutes 02 seconds East, a distance of 135.00 feet, to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the left having a central angle of 12 degrees 08 minutes 58 seconds, a radius of 626.00 feet, and subtended by a 132.49-foot chord which bears South 71 degrees 04 minutes 29 seconds West; Continuing along said curve to the left, an arc distance of 132.74 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 65 degrees 00 minutes 00 seconds West a distance of 161.21 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 35 degrees 00 minutes 00 seconds, a radius of 574.00 feet and being subtended by a 345.21-foot chord which bears South 82 degrees 30 minutes 00 seconds West; Continuing along said curve to the right, an arc distance of 350.64 feet to a 5/8-inch iron rod with plastic cap stamped “Huitt-Zollars” set; North 80 degrees 00 minutes 00 seconds West, a distance of 167.82 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 10 degrees 00 minutes 00 seconds West a distance of 416.40 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 04 degrees 53 minutes 18 seconds West a distance of 73.54 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 02 degrees 35 minutes 48 seconds East a distance of 73.66 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 12 degrees 24 minutes 32 seconds East a distance of 119.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 09 degrees 36 minutes 30 seconds East a distance of 58.12 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 05 degrees 39 minutes 00 seconds East a distance of 181.83 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 02 degrees 28 minutes 25 seconds West a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the right having a central angle of 3 degrees 36 minutes 49 seconds, a radius of 2,087.00 feet and being subtended by a 131.60-foot chord which bears North 85 degrees 43 minutes 11 seconds West; Continuing along said curve to the right, an arc distance of 131.62 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 51 degrees 49 minutes 17 seconds West a distance of 21.41 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 07 degrees 21 minutes 00 seconds West a distance of 91.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 38 degrees 07 minutes 05 seconds East a distance of 14.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 07 degrees 21 minutes 00 seconds West a distance of 16.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 51 degrees 53 minutes 07 seconds West a distance of 14.26 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 07 degrees 21 minutes 00 seconds West a distance of 106.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 38 degrees 05 minutes 14 seconds East a distance of 14.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the left having a central angle of 0 degrees 26 minutes 35 seconds, a radius of 2,345.00 feet and being subtended by a 18.13-foot chord which bears South 83 degrees 52 minutes 24 seconds East; Continuing along said curve to the left, an arc distance of 18.13 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 05 degrees 54 minutes 19 seconds West a distance of 110.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set on the southeasterly line of said 212.7-acre tract at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 29 minutes 16 seconds, a radius of 2,455.00 feet and being subtended by a 20.90-foot chord which bears North 83 degrees 51 minutes 03 seconds West; THENCE along the southeasterly line of said 212.7-acre tract the following courses: Continuing along said curve to the right, an arc distance of 20.90 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 51 degrees 55 minutes 48 seconds West a distance of 14.25 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 07 degrees 21 minutes 00 seconds West a distance of 10.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; THENCE departing the southeasterly line of said 212.7-acre tract and continuing over and across said tract the following: North 82 degrees 39 minutes 00 seconds West a distance of 62.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 07 degrees 21 minutes 00 seconds East a distance of 10.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the right having a central angle of 16 degrees 11 minutes 31 seconds, a radius of 2,465.00 feet and being subtended by a 694.30-foot chord which bears North 73 degrees 50 minutes 00 seconds West; Continuing along said curve to the right, an arc distance of 696.62 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the point of compound curvature of a curve to the right having a central angle of 1 degree 30 minutes 54 seconds, a radius of 865.00 feet and being subtended by a 22.87-foot chord which bears North 64 degrees 58 minutes 48 seconds West; Continuing along said curve to the right, an arc distance of 22.87 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 62 degrees 30 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the right having a central angle of 44 degrees 46 minutes 39 seconds, a radius of 865.00 feet and being subtended by a 658.94-foot chord which bears North 38 degrees 23 minutes 20 seconds West; Continuing along said curve to the right, an arc distance of 676.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 16 degrees 00 minutes 00 seconds West a distance of 114.58 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the left having a central angle of 14 degrees 40 minutes 22 seconds, a radius of 735.00 feet and being subtended by a 187.71-foot chord which bears North 23 degrees 20 minutes 11 seconds West; Continuing along said curve to the left, an arc distance of 188.23 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 57 degrees 18 minutes 00 seconds West a distance of 10.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 32 degrees 42 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 57 degrees 18 minutes 00 seconds East a distance of 10.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 11 degrees 07 minutes 34 seconds East a distance of 13.85 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the left having a central angle of 10 degrees 13 minutes 51 seconds, a radius of 745.00 feet and being subtended by a 132.85-foot chord which bears North 40 degrees 35 minutes 04 seconds West; Continuing along said curve to the left, an arc distance of 133.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 45 degrees 42 minutes 00 seconds West a distance of 200.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the left having a central angle of 13 degrees 27 minutes 16 seconds, a radius of 945.00 feet and being subtended by a 221.40-foot chord which bears North 52 degrees 25 minutes 38 seconds West; Continuing along said curve to the left, an arc distance of 221.91 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 59 degrees 09 minutes 16 seconds West a distance of 41.94 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 30 degrees 50 minutes 44 seconds East a distance of 121.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 59 degrees 09 minutes 16 seconds East a distance of 41.94 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 10 degrees 22 minutes 07 seconds, a radius of 1,066.00 feet and being subtended by a 192.65-foot chord which bears South 53 degrees 58 minutes 12 seconds East; Continuing along said curve to the right, an arc distance of 192.91 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the point of compound curvature of a curve to the right having a central angle of 28 degrees 24 minutes 55 seconds, a radius of 74.00 feet and being subtended by a 36.32-foot chord which bears South 34 degrees 34 minutes 41 seconds East; Continuing along said curve to the right, an arc distance of 36.70 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the point of reverse curvature of a curve to the left having a central angle of 25 degrees 53 minutes 32 seconds, a radius of 26.00 feet and being subtended by a 11.65-foot chord which bears South 33 degrees 19 minutes 00 seconds East; Continuing along said curve to the left, an arc distance of 11.75 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the point of reverse curvature of a curve to the right having a central angle of 0 degrees 33 minutes 46 seconds, a radius of 1,055.00 feet and being subtended by a 10.36-foot chord which bears South 45 degrees 58 minutes 53 seconds East; Continuing along said curve to the right, an arc distance of 10.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 45 degrees 42 minutes 00 seconds East a distance of 148.28 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 0 degrees 37 minutes 26 seconds West a distance of 14.12 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 45 degrees 42 minutes 00 seconds East a distance of 61.69 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 11 degrees 16 minutes 39 seconds, a radius of 865.00 feet and being subtended by a 169.98-foot chord which bears South 40 degrees 03 minutes 40 seconds East; Continuing along said curve to the right, an arc distance of 170.26 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 57 degrees 18 minutes 00 seconds East a distance of 10.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 32 degrees 42 minutes 00 seconds East a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 57 degrees 18 minutes 00 seconds East a distance of 125.39 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the left having a central angle of 10 degrees 00 minutes 00 seconds, a radius of 1,026.00 feet and being subtended by a 178.84-foot chord which bears North 52 degrees 18 minutes 00 seconds East; Continuing along said curve to the left, an arc distance of 179.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 47 degrees 18 minutes 00 seconds East a distance of 126.22 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 23 degrees 59 minutes 24 seconds, a radius of 599.00 feet and being subtended by a 248.98-foot chord which bears North 59 degrees 17 minutes 42 seconds East; Continuing along said curve to the right, an arc distance of 250.81188.22 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 18 degrees 42 minutes 36 seconds East a distance of 80.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 77 degrees 54 minutes 12 seconds East a distance of 102.16 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 78 degrees 30 minutes 00 seconds East a distance of 145.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 10 degrees 18 minutes 05 seconds East a distance of 26.93 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 11 degrees 30 minutes 00 seconds West a distance of 100.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 78 degrees 30 minutes 00 seconds East a distance of 152.02 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the left having a central angle of 24 degrees 49 minutes 23 seconds, a radius of 77.00 feet and being subtended by a 33.10-foot chord which bears North 66 degrees 05 minutes 18 seconds East; Continuing along said curve to the left, an arc distance of 33.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 36 degrees 19 minutes 23 seconds East a distance of 20.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 86 degrees 57 minutes 53 seconds East a distance of 136.45 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 03 degrees 01 minute 52 seconds East a distance of 104.81 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 14 degrees 00 minutes 00 seconds West a distance of 186.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 09 degrees 00 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 81 degrees 00 minutes 00 seconds East a distance of 5.53 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 09 degrees 00 minutes 00 seconds West a distance of 63.13 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 02 degrees 48 minutes 59 seconds West a distance of 49.02 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 0 degrees 14 minutes 13 seconds West a distance of 108.21 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 21 degrees 37 minutes 44 seconds West a distance of 129.60 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 69 degrees 30 minutes 00 seconds West a distance of 203.37 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 83 degrees 11 minutes 41 seconds West a distance of 86.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 80 degrees 55 minutes 13 seconds West a distance of 93.34 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 04 degrees 07 minutes 37 seconds West a distance of 130.02 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the left having a central angle of 2 degrees 10 minutes 43 seconds, a radius of 526.00 feet and being subtended by a 20.00-foot chord which bears North 85 degrees 52 minutes 23 seconds West; Continuing along said curve to the left, an arc distance of 20.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 04 degrees 07 minutes 37 seconds East a distance of 130.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 86 degrees 07 minutes 45 seconds West a distance of 91.78 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 81 degrees 20 minutes 00 seconds West a distance of 88.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 73 degrees 34 minutes 36 seconds West a distance of 88.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 65 degrees 49 minutes 11 seconds West a distance of 88.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 59 degrees 51 minutes 04 seconds West a distance of 78.69 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 59 degrees 22 minutes 34 seconds West a distance of 79.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 30 degrees 37 minutes 26 seconds East a distance of 125.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 59 degrees 22 minutes 34 seconds West a distance of 20.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 30 degrees 37 minutes 26 seconds West a distance of 125.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 61 degrees 31 minutes 57 seconds West a distance of 70.05 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 77 degrees 51 minutes 57 seconds West a distance of 153.97 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 57 degrees 00 minutes 33 seconds West a distance of 79.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 79 degrees 45 minutes 19 seconds West a distance of 334.95 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set for corner on the westerly line of said 212.7-acre tract from which a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found for reference bears South 03 degrees 45 minutes 02 seconds West at a distance of 3.67 feet; THENCE, North 03 degrees 45 minutes 02 seconds East along the westerly line of said 212.7-acre tract, a distance of 326.34 feet to the POINT OF BEGINNING and containing 2,924,405 square feet or 67.135 acres of land, more or less. PHASE 5B BEING a 29.80-acre tract of land situated in the G.E. & A.H. Tandy Survey, Abstract No. 2356 and the I. & G.N. R.R. Company Survey, Abstract No. 1996, Parker County, Texas and also being a portion of a called 212.7-acre tract of land described by Special Warranty Deed to Quail Valley Devco V, LLC as recorded in Document No. 202426155 of the Official Public Records, Parker County, Texas (O.P.R.P.C.T.) and being more particularly described by metes and bounds as follows: COMMENCING at a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” at the common most southwesterly corner of Walsh Ranch – Quail Valley, an addition to the City of Fort Worth, Texas as recorded in Cabinet F, Slide 634 of the Plat Records of Parker County, Texas (P.R.P.C.T.) and the northwest corner of said 212.7-acre tract, said point also being on the future easterly right-of-way line of Legacy Park Boulevard; THENCE South 03 degrees 45 minutes 02 seconds West, along the common easterly line of said 212.7-acre tract and said easterly right-of-way line, a distance of 326.34 feet, to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” for the POINT OF BEGINNING of the herein described tract; THENCE, departing said common line and over and across said 212.7-acre tract the following courses: North 79 degrees 45 minutes 19 seconds East a distance of 334.95 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 57 degrees 00 minutes 33 seconds East a distance of 79.01 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 77 degrees 51 minutes 57 seconds East a distance of 153.97 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 61 degrees 31 minutes 57 seconds East a distance of 70.05 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 30 degrees 37 minutes 26 seconds East a distance of 125.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 59 degrees 22 minutes 34 seconds East a distance of 20.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 30 degrees 37 minutes 26 seconds West a distance of 125.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 59 degrees 22 minutes 34 seconds East a distance of 79.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 59 degrees 51 minutes 04 seconds East a distance of 78.69 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 65 degrees 49 minutes 11 seconds East a distance of 88.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 73 degrees 34 minutes 36 seconds East a distance of 88.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 81 degrees 20 minutes 00 seconds East a distance of 88.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 86 degrees 07 minutes 45 seconds East a distance of 91.78 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 04 degrees 07 minutes 37 seconds West a distance of 130.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the right having a central angle of 02 degrees 10 minutes 43 seconds, a radius of 526.00 feet, and being subtended by a 20.00 foot chord which bears South 85 degrees 52 minutes 23 seconds East; Along said curve to the right an arc distance of 20.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 04 degrees 07 minutes 37 seconds East a distance of 130.02 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 80 degrees 55 minutes 13 seconds East a distance of 93.34 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 83 degrees 11 minutes 41 seconds East a distance of 86.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 69 degrees 30 minutes 00 seconds East a distance of 203.37 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 21 degrees 37 minutes 44 seconds East a distance of 129.60 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 00 degrees 14 minutes 13 seconds East a distance of 108.21 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 02 degrees 48 minutes 59 seconds East a distance of 49.02 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 09 degrees 00 minutes 00 seconds East a distance of 63.13 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 81 degrees 00 minutes 00 seconds West a distance of 5.53 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 09 degrees 00 minutes 00 seconds East a distance of 52.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 14 degrees 00 minutes 00 seconds East a distance of 186.11 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 03 degrees 01 minutes 52 seconds West a distance of 104.81 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 86 degrees 57 minutes 53 seconds West a distance of 136.45 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 36 degrees 19 minutes 23 seconds West a distance of 20.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the right having a central angle of 24 degrees 49 minutes 23 seconds, a radius of 77.00 feet, and being subtended by a 33.10 foot chord which bears South 66 degrees 05 minutes 18 seconds West; Along said curve to the right an arc distance of 33.36 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 78 degrees 30 minutes 00 seconds West a distance of 152.02 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 11 degrees 30 minutes 00 seconds East a distance of 100.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 10 degrees 18 minutes 05 seconds West a distance of 26.93 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 78 degrees 30 minutes 00 seconds West a distance of 145.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 77 degrees 54 minutes 12 seconds West a distance of 102.16 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 18 degrees 42 minutes 36 seconds West a distance of 80.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the left having a central angle of 23 degrees 59 minutes 24 seconds, a radius of 599.00 feet, and being subtended by a 248.98 foot chord which bears South 59 degrees 17 minutes 42 seconds West; Along said curve to the left an arc distance of 250.80 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 47 degrees 18 minutes 00 seconds West a distance of 126.22 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a curve to the right having a central angle of 10 degrees 00 minutes 00 seconds, a radius of 1,026.00 feet, and being subtended by a 178.84 foot chord which bears South 52 degrees 18 minutes 00 seconds West; Along said curve to the right an arc distance of 179.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 57 degrees 18 minutes 00 seconds West a distance of 125.39 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 32 degrees 42 minutes 00 seconds West a distance of 52.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 57 degrees 18 minutes 00 seconds West a distance of 10.00 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the left having a central angle of 11 degrees 16 minutes 39 seconds, a radius of 865.00 feet, and being subtended by a 169.98 foot chord which bears North 40 degrees 03 minutes 40 seconds West; Along said curve to the left an arc distance of 170.26 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 45 degrees 42 minutes 00 seconds West a distance of 61.69 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; South 00 degrees 37 minutes 26 seconds East a distance of 14.12 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 45 degrees 42 minutes 00 seconds West a distance of 148.28 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a curve to the left having a central angle of 00 degrees 33 minutes 46 seconds, a radius of 1,055.00 feet, and being subtended by a 10.36 foot chord which bears North 45 degrees 58 minutes 53 seconds West; Along said curve to the left an arc distance of 10.36 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a reverse curve to the right having a central angle of 25 degrees 53 minutes 32 seconds, a radius of 26.00 feet, and being subtended by a 11.65 foot chord which bears North 33 degrees 19 minutes 00 seconds West; Along said curve to the right an arc distance of 11.75 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a reverse curve to the left having a central angle of 28 degrees 24 minutes 55 seconds, a radius of 74.00 feet, and being subtended by a 36.32 foot chord which bears North 34 degrees 34 minutes 41 seconds West; Along said curve to the left an arc distance of 36.70 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a compound curve to the left having a central angle of 10 degrees 22 minutes 07 seconds, a radius of 1,066.00 feet, and being subtended by a 192.65 foot chord which bears North 53 degrees 58 minutes 12 seconds West; Along said curve to the right-left an arc distance of 192.91 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 59 degrees 09 minutes 16 seconds West a distance of 41.94 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 59 degrees 09 minutes 16 seconds West a distance of 22.07 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; North 16 degrees 57 minutes 57 seconds West a distance of 48.35 feet, to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the left having a central angle of 21 degrees 28 minutes 19 seconds, a radius of 1,005.00 feet, and being subtended by a 374.43 foot chord which bears North 14 degrees 29 minutes 12 seconds East, said point being in the common easterly line of said 212.7-acre tract and said easterly right-of-way line; THENCE, with said common line and said curve to the left an arc distance of 376.63 feet, to the POINT OF BEGINNING and containing 1,298,025 Square feet or 29.80 acres of land, more or less. Bearings are based on the State Plane Coordinate System, Texas North Central Zone (4202), North American Datum 1983 (2011). All distances are surface values and can be converted to grid values by dividing by the combined scale factor of 1.00015539999. PHASE 5D WHEREAS: Quail Valley Devco V, LLC is the owner of a tract of land situated in the I. & G.N. Railroad Company Survey, Abstract No. 1995 and the I. & G.N. Railroad Company Survey, Abstract No. 1996, and being a portion of a 212.7-acre tract of land described in Special Warranty Deed to Quail Valley Devco V, LLC, recorded in Document No. 202426155 of the Official Records of Parker County, Texas (O.P.R.P.C.T.), and being more particularly described by metes and bounds as follows: COMMENCING at a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found on the southerly line of the 109.5 acres of land described in Final Plat of Walsh Ranch, Quail Valley, an addition to the City of Fort Worth, Parker County, Texas as recorded in Plat Cabinet E, Slide 488 of the Plat Records of Parker County, Texas (P.R.P.C.T.) and being on the southerly line of Lot 1 – Public Open Space, Block 38 of said plat and said point also being the northeast corner of the 21.38- acre tract of land described in Deed without Warranty to Walsh Homeowners Association I, Inc. recorded in Document No. 202426158, O.P.R.P.C.T. and the northwest corner of the 95.05-acre tract of land described in Special Warranty Deed to Quail Valley Devco VIA, LLC recorded in Document No. 202426163, O.P.R.P.C.T. from which a 5/8-inch iron rod with plastic cap stamped "Huitt- Zollars" found at the point of intersection with the southwesterly right-of-way line of Longspur Drive (a 50-foot right-of-way as shown on said plat) bears North 86 degrees 01 minute 03 seconds East, a distance of 6.60 feet, and said point being the beginning of a non-tangent curve to the right having a central angle of 10 degrees 33 minutes 47 seconds, a radius of 169.00 feet and being subtended by a 31.11-foot chord which bears South 5 degrees 16 minutes 53 seconds East; THENCE departing the southerly line of Lot 1-POS, Block 38 and continuing along the easterly line of said 21.38-acre tract and the westerly line of said 95.05-acre tract the following courses: Continuing with said curve to the right, an arc distance of 31.16 feet, to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 0 degrees 00 minutes 00 seconds East, a distance of 408.39 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a curve to the left having a central angle of 10 degrees 00 minutes 00 seconds, a radius of 921.00 feet, and subtended by a 164.54-foot chord which bears South 5 degrees 00 minutes 00 seconds East; Continuing along said curve to the left, an arc distance of 160.74 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 10 degrees 00 minutes 00 seconds East a distance of 100.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the southeast corner of said 21.38-acre tract and the most-easterly northeast corner of said 212.7-acre tract for the POINT OF BEGINNING and being the beginning of a curve to the left having a central angle of 9 degrees 30 minutes 00 seconds, a radius of 1,031.00 feet and being subtended by a 170.75- foot chord which bears South 14 degrees 45 minutes 00 seconds East; THENCE continuing along the easterly line of said 212.7-acre tract and westerly line of said 95.05- acre tract the following courses: Along said curve to the left, an arc distance of 170.95 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 19 degrees 30 minutes 00 seconds East a distance of 49.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 25 degrees 30 minutes 00 seconds West a distance of 21.21 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 19 degrees 30 minutes 00 seconds East a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found on the northwesterly line of a 44.49-acre tract of land described in Special Warranty Deed to Quail Valley Devco VIB, LLC recorded in Document No. 202426165, O.P.R.P.C.T.; THENCE continuing along the easterly line of said 212.7-acre tract and westerly line of said 44.49- acre tract the following courses: South 70 degrees 30 minutes 00 seconds West, a distance of 54.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a curve to the left having a central angle of 2 degrees 42 minutes 36 seconds, a radius of 1,174.00 feet, and subtended by a 55.52-foot chord which bears South 69 degrees 08 minutes 42 seconds West; Continuing along said curve to the left, an arc distance of 55.53 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 22 degrees 12 minutes 36 seconds East a distance of 74.19 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 19 degrees 30 minutes 00 seconds East a distance of 210.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 19 degrees 25 minutes 15 seconds East a distance of 59.65 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 7 degrees 11 minutes 34 seconds East a distance of 61.35 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 6 degrees 42 minutes 16 seconds East a distance of 122.78 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 1 degree 35 minutes 32 seconds West a distance of 47.57 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 9 degrees 53 minutes 20 seconds West a distance of 122.78 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 7 degrees 33 minutes 35 seconds West a distance of 48.77 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 20 degrees 30 minutes 00 seconds West a distance of 192.50 to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the right having a central angle of 1 degree 14 minutes 55 seconds, a radius of 4,765.00 feet and being subtended by a 103.84-foot chord which bears South 70 degrees 42 minutes 13 seconds East; Continuing along said curve to the right, an arc distance of 103.84 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; North 67 degrees 38 minutes 50 seconds East a distance of 22.17 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 69 degrees 30 minutes 00 seconds East a distance of 63.87 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 26 degrees 38 minutes 50 seconds East a distance of 22.17 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 07 minutes 57 seconds, a radius of 4,765.00 feet and being subtended by a 11.02-foot chord which bears South 68 degrees 51 minutes 16 seconds East; Continuing along said curve to the right, an arc distance of 11.02 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 21 degrees 12 minutes 43 seconds West a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the left having a central angle of 0 degrees 01 minute 20 seconds, a radius of 4,713.00 feet nd being subtended by a 1.84-foot chord which bears North 68 degrees 47 minutes 57 seconds West; Continuing along said curve to the left, an arc distance of 1.84 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 58 degrees 52 minutes 48 seconds West a distance of 18.38 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the left having a central angle of 1 degree 27 minutes 51 seconds, a radius of 429.00 feet and being subtended by a 10.96-foot chord which bears South 4 degrees 55 minutes 39 seconds West; Continuing along said curve to the left, an arc distance of 10.96 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the point of reverse curve to the right having a central angle of 9 degrees 40 minutes 54 seconds, a radius of 491.00 feet and being subtended by a 82.87-foot chord which bears South 9 degrees 02 minutes 10 seconds West; Continuing along said curve to the right, an arc distance of 82.97 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 27 degrees 04 minutes 43 seconds East a distance of 14.97 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 15 degrees 58 minutes 58 seconds West a distance of 16.07 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 64 degrees 27 minutes 07 seconds West a distance of 13.65 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the right having a central angle of 2 degrees 24 minutes 49 seconds, a radius of 491.00 feet and being subtended by a 20.68-foot chord which bears South 19 degrees 17 minutes 35 seconds West; Continuing along said curve to the right, an arc distance of 20.68 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 20 degrees 30 minutes 00 seconds West a distance of 85.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 24 degrees 01 minute 38 seconds East a distance of 14.26 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 06 minutes 05 seconds, a radius of 4,455.00 feet and being subtended by a 7.89-foot chord which bears South 68 degrees 26 minutes 46 seconds East; Continuing along said curve to the right, an arc distance of 7.89 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 21 degrees 36 minutes 17 seconds West a distance of 110.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the southeast corner of said 212.7-acre tract and the southwest corner of said 44.49-acre tract and being the beginning of a non-tangent curve to the left having a central angle of 21 degrees 36 minutes 17 seconds, a radius of 4,345.00 feet and being subtended by a 1,628.69-foot chord which bears North 79 degrees 11 minutes 52 seconds West; THENCE continuing along the southerly line of said 212.7-acre tract the following courses: Along said curve to the left, an arc distance of 1,638.38 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; North 90 degrees 00 minutes 00 seconds West a distance of 150.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found at the beginning of a curve to the right having a central angle of 5 degrees 54 minutes 19 seconds, a radius of 2,455.00 feet and being subtended by a 252.92-foot chord which bears North 87 degrees 02 minutes 50 seconds West; Continuing along said curve to the right, an arc distance of 253.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; THENCE departing the southerly line of said 212.7-acre tract and continuing over and across said tract the following: North 5 degrees 54 minutes 19 seconds East a distance of 110.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 0 degrees 26 minutes 35 seconds, a radius of 2,345.00 feet and being subtended by 18.13-foot chord which bears North 83 degrees 52 minutes 24 seconds West; Continuing along said curve to the right, an arc distance of 18.13 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 38 degrees 05 minutes 14 seconds West a distance of 14.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 7 degrees 21 minutes 00 seconds East a distance of 106.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 51 degrees 53 minutes 07 seconds East a distance of 14.26 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 7 degrees 21 minutes 00 seconds East a distance of 16.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 38 degrees 07 minutes 05 seconds West a distance of 14.03 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 7 degrees 21 minutes 00 seconds East a distance of 91.01 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 51 degrees 49 minutes 17 seconds East a distance of 21.41 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a non-tangent curve to the left having a central angle of 3 degrees 36 minutes 49 seconds, a radius of 2,087.00 feet and being subtended by 131.60-foot chord which bears South 85 degrees 43 minutes 11 seconds East; Continuing along said curve to the left, an arc distance of 131.62 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 2 degrees 28 minutes 25 seconds East a distance of 52.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 5 degrees 39 minutes 00 seconds West a distance of 181.83 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 9 degrees 36 minutes 30 seconds West a distance of 58.12 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 12 degrees 24 minutes 32 seconds West a distance of 119.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 2 degrees 35 minutes 48 seconds West a distance of 73.66 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 4 degrees 53 minutes 18 seconds East a distance of 73.54 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 10 degrees 00 minutes 00 seconds East a distance of 416.40 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; South 80 degrees 00 minutes 00 seconds East a distance of 167.82 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the left having a central angle of 35 degrees 00 minutes 00 seconds, a radius of 574.00 feet and being subtended by a 345.21-foot chord which bears North 82 degrees 30 minutes 00 seconds East; Continuing along said curve to the left, an arc distance of 350.64 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 65 degrees 00 minutes 00 seconds East a distance of 161.21 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set at the beginning of a curve to the right having a central angle of 12 degrees 08 minutes 58 seconds, a radius of 626.00 feet and being subtended by a 132.49-foot chord which bears North 71 degrees 04 minutes 29 seconds East; Continuing along said curve to the right, an arc distance of 132.74 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" set; North 12 degrees 51 minutes 02 seconds West a distance of 135.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found on a northerly line of said 212.7-acre tract and southerly line of said 21.38-acre tract; THENCE along the northerly line of said 212.7-acre tract and the southerly line of said 21.38-acre tract the following courses: North 80 degrees 28 minutes 22 seconds East a distance of 88.23 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; North 86 degrees 53 minutes 53 seconds East a distance of 82.36 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; North 90 degrees 00 minutes 00 seconds East a distance of 70.00 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 88 degrees 45 minutes 10 seconds East a distance of 78.05 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 82 degrees 24 minutes 12 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 75 degrees 18 minutes 43 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 68 degrees 13 minutes 14 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 61 degrees 07 minutes 44 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 54 degrees 02 minutes 15 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 46 degrees 56 minutes 46 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; South 39 degrees 51 minutes 17 seconds East a distance of 84.11 feet to a 5/8-inch iron rod with plastic cap stamped "Huitt-Zollars" found; North 71 degrees 35 minutes 29 seconds East, a distance of 175.14 feet to the POINT OF BEGINNING, and containing 2,874,356 square feet or 65.99 acres of land, more or less. PHASE 6A WHEREAS, Walsh Ranches Limited Partnership and Quail Valley Devco VLO, LLC and Quail Valley Devco I, LLC are the owners of a 96.99-acre tract of land situated in the Houston Tap & Brazoria Railroad Company Survey, Abstract No. 654, the I & G.N. Railroad Company Survey, Abstract No. 1995, the I & G.N. Railroad Company Survey, Abstract No. 1996 and the Heirs of C.H. Higbee Survey, Abstract No. 2740 and being a portion of that certain tract of land described by Special Warranty Deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.) and Volume 12624, Page 92 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.) and a portion of Parcel 1 as described in Special Warranty Deed to Quail Valley Devco VLO, LLC as recorded in Instrument No. 202148529, D.R.P.C.T., and being a portion of Tracts 2 and 3 as described in Special Warranty Deed to Quail Valley Devco I, LLC as recorded in Instrument No. 201607571, D.R.P.C.T. and being more particularly described by metes and bounds as follows: COMMENCING at a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” at the most southeasterly corner of Lot 5-X, Block 74 of the Final Plat of Walsh Ranch, Quail Valley Residential, an addition to the City of Fort Worth as recorded in Cabinet F, Slide 455 of the Plat Records, Parker County, Texas (P.R.P.C.T.); THENCE, along the southerly line of said Lot 5-X the following: South 60 degrees 24 minutes 04 seconds West a distance of 213.44 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 29 degrees 35 minutes 56 seconds East a distance of 86.41 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 86 degrees 15 minutes 18 seconds West a distance of 97.49 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; North 64 degrees 00 minutes 23 seconds West a distance of 121.75 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” on the westerly line of the 21.92 acres of land described in Final Plat of Walsh Ranch, Quail Valley, Lot 1, Block C, an addition to the City of Fort Worth, Parker County, Texas as recorded in Cabinet D, Slide 721, P.R.P.C.T. for the POINT OF BEGINNING; THENCE, along the westerly and southerly line of said Walsh Ranch, Quail Valley, Lot 1, Block C the following: South 14 degrees 02 minutes 32 seconds East a distance of 242.67 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 89 degrees 21 minutes 42 seconds East a distance of 126.30 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; North 75 degrees 56 minutes 48 seconds East a distance of 68.91 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; North 87 degrees 16 minutes 49 seconds East a distance of 234.72 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 68 degrees 51 minutes 13 seconds East a distance of 36.65 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” on the westerly line of the 26.65 acres of land described in Final Plat of Walsh Ranch, Quail Valley, an addition to the City of Fort Worth, Parker County, Texas as recorded in Cabinet E, Slide 149, P.R.P.C.T., said point also being on the westerly line of Lot 2, Block C of said Walsh Ranch, Quail Valley; THENCE along the westerly line of said 26.65-acre tract the following: South 03 degrees 41 minutes 17 seconds West a distance of 294.62 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 3 degrees 11 minutes 06 seconds, a radius of 1,125.00 feet, and being subtended by a 62.53-foot chord which bears North 87 degrees 54 minutes 16 seconds West; Along said curve to the left, an arc distance of 62.54 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 00 degrees 30 minutes 11 seconds West a distance of 73.24 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 17 degrees 12 minutes 10 seconds East a distance of 173.09 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 2 degrees 46 minutes 08 seconds, a radius of 885.00 feet, and being subtended by a 42.76-foot chord which bears South 71 degrees 24 minutes 46 seconds West; Along said curve to the left, an arc distance of 42.77 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 19 degrees 58 minutes 19 seconds East a distance of 110.00 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 28 degrees 44 minutes 49 seconds East a distance of 72.78 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 33 degrees 35 minutes 09 seconds East a distance of 92.60 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 40 degrees 39 minutes 59 seconds East a distance of 148.05 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the right having a central angle of 00 degrees 39 minutes 59 seconds, a radius of 580.00 feet, and subtended by a 6.75 foot chord which bears North 49 degrees 40 minutes 01 seconds East; Along said curve to the right an arc distance of 6.75 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the beginning of a compound curve to the right having a central angle of 00 degrees 12 minutes 55 seconds, a radius of 2,580.00 feet, and subtended by a 9.70 foot chord which bears North 50 degrees 06 minutes 28 seconds East; Along said curve to the right an arc distance of 9.70 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars"; THENCE South 39 degrees 47 minutes 05 seconds East a distance of 60.00 feet to a 5/8 inch iron rod found with plastic cap stamped "Huitt-Zollars" at the beginning of a non-tangent curve to the left having a central angle of 00 degrees 12 minutes 55 seconds, a radius of 2,520.00 feet, and subtended by a 9.47 foot chord which bears South 50 degrees 06 minutes 28 seconds West; THENCE, departing the westerly line of said Walsh Ranch – Quail Valley, over and across said Walsh Ranches Limited Partnership tract the following: Along said curve to the right-left an arc distance of 9.47 feet to a 5/8 inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a compound curve to the left having a central angle of 50 degrees 45 minutes 00 seconds, a radius of 520.00 feet, and subtended by a 445.68 foot chord which bears South 24 degrees 37 minutes 30 seconds West; Along said curve to the left an arc distance of 460.59 feet to a 5/8 inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 00 degrees 45 minutes 00 seconds East a distance of 160.00 feet to a 5/8 inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the right having a central angle of 12 degrees 45 minutes 00 seconds, a radius of 1,030.00 feet, and subtended by a 228.73 foot chord which bears South 05 degrees 37 minutes 30 seconds West; Along said curve to the right an arc distance of 229.21 feet to a 5/8 inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 12 degrees 00 minutes 00 seconds West a distance of 223.25 feet to a 5/8 inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the left having a central angle of 14 degrees 20 minutes 35 seconds, a radius of 495.00 feet, and being subtended by a 123.59-foot chord which bears South 04 degrees 49 minutes 42 seconds West; Along said curve to the left, an arc distance of 123.91 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 47 degrees 36 minutes 20 seconds East a distance of 21.44 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 88 degrees 00 minutes 00 seconds East a distance of 14.64 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 02 degrees 00 minutes 00 seconds East a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 88 degrees 00 minutes 00 seconds West a distance of 10.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 38 degrees 30 minutes 12 seconds West a distance of 19.48 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 0 degrees 08 minutes 19 seconds, a radius of 495.00 feet, and being subtended by a 1.20-foot chord which bears South 11 degrees 55 minutes 50 seconds East; Along said curve to the left, an arc distance of 1.20 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 12 degrees 00 minutes 00 seconds East a distance of 101.04 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the right having a central angle of 8 degrees 11 minutes 16 seconds, a radius of 830.00 feet, and being subtended by a 118.51-foot chord which bears South 07 degrees 54 minutes 22 seconds East; Along said curve to the right, an arc distance of 118.61 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 49 degrees 20 minutes 13 seconds East a distance of 20.82 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 0 degrees 14 minutes 45 seconds, a radius of 2,331.00 feet, and being subtended by a 10.00-foot chord which bears North 84 degrees 18 minutes 49 seconds East; Along said curve to the left, an arc distance of 10.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 05 degrees 48 minutes 34 seconds East a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 20 minutes 46 seconds, a radius of 2,383.00 feet, and being subtended by a 14.39-foot chord which bears South 84 degrees 21 minutes 49 seconds West; Along said curve to the right, an arc distance of 14.39 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 43 degrees 01 minute 44 seconds West a distance of 22.40 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 51 minutes 33 seconds, a radius of 830.00 feet, and being subtended by a 12.45-foot chord which bears South 02 degrees 17 minutes 17 seconds West; Along said curve to the right, an arc distance of 12.45 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 87 degrees 16 minutes 56 seconds West a distance of 60.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the left having a central angle of 0 degrees 22 minutes 19 seconds, a radius of 770.00 feet, and being subtended by a 5.00*foot chord which bears North 02 degrees 31 minutes 54 seconds East; Along said curve to the left, an arc distance of 5.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 45 degrees 50 minutes 34 seconds West a distance of 20.22 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 1 degree 17 minutes 34 seconds, a radius of 2,383.00 feet, and being subtended by a 53.77-foot chord which bears South 87 degrees 21 minutes 13 seconds West; Along said curve to the right, an arc distance of 53.77 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 88 degrees 00 minutes 00 seconds West a distance of 100.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 13 degrees 47 minutes 07 seconds, a radius of 2,883.00 feet, and being subtended by a 691.97-foot chord which bears North 85 degrees 06 minutes 27 seconds West; Along said curve to the right, an arc distance of 693.64 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 57 degrees 16 minutes 02 seconds West a distance of 21.34 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 77 degrees 24 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 32 degrees 04 minutes 02 seconds West a distance of 21.34 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 4 degrees 58 minutes 28 seconds, a radius of 2,883.00 feet, and being subtended by a 250.23-foot chord which bears North 74 degrees 05 minutes 52 seconds West; Along said curve to the right, an arc distance of 250.31 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 63 degrees 40 minutes 27 seconds West a distance of 21.26 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 70 degrees 52 minutes 44 seconds West a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 35 degrees 55 minutes 12 seconds, a radius of 1,330.00 feet, and being subtended by a 820.22-foot chord which bears North 01 degree 09 minutes 40 seconds East; Along said curve to the left, an arc distance of 833.81 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 62 degrees 09 minutes 40 seconds West a distance of 21.20 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 72 degrees 48 minutes 00 seconds West a distance of 13.29 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the left having a central angle of 28 degrees 00 minutes 00 seconds, a radius of 124.00 feet, and being subtended by a 60.00-foot chord which bears South 58 degrees 48 minutes 00 seconds West; Along said curve to the left, an arc distance of 60.60 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 44 degrees 48 minutes 00 seconds West a distance of 50.71 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the right having a central angle of 29 degrees 24 minutes 00 seconds, a radius of 176.00 feet, and being subtended by a 89.32-foot chord which bears South 59 degrees 30 minutes 00 seconds West; Along said curve to the right, an arc distance of 90.31 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 74 degrees 12 minutes 00 seconds West a distance of 18.07 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 30 degrees 05 minutes 19 seconds West a distance of 21.54 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the right having a central angle of 0 degrees 06 minutes 36 seconds, a radius of 1,080.00, and being subtended by a 2.07-foot chord which bears South 13 degrees 34 minutes 11 seconds East; Along said curve to the right, an arc distance of 2.07 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 76 degrees 29 minutes 07 seconds West a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 59 degrees 51 minutes 59 seconds West a distance of 20.86 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 15 degrees 48 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 28 degrees 15 minutes 59 seconds East a distance of 20.86 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a non-tangent curve to the left having a central angle of 1 degree 24 minutes 53 seconds, a radius of 1,028.00 feet, and being subtended by a 25.38-foot chord which bears North 18 degrees 47 minutes 34 seconds West; Along said curve to the left, an arc distance of 25.38 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 19 degrees 30 minutes 00 seconds West a distance of 320.13 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 64 degrees 30 minutes 00 seconds West a distance of 21.21 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 70 degrees 30 minutes 00 seconds West a distance of 217.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 25 degrees 30 minutes 00 seconds West a distance of 21.21 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; South 70 degrees 30 minutes 00 seconds West a distance of 62.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 64 degrees 30 minutes 00 seconds West a distance of 21.21 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 19 degrees 30 minutes 00 seconds West a distance of 52.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 25 degrees 30 minutes 00 seconds East a distance of 21.21 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 19 degrees 30 minutes 00 seconds West a distance of 49.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the right having a central angle of 9 degrees 30 minutes 00 seconds, a radius of 1,031.00 feet, and being subtended by a 170.75-foot chord which bears North 14 degrees 45 minutes 00 seconds West; Along said curve to the right, an arc distance of 170.95 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 10 degrees 00 minutes 00 seconds West a distance of 100.00 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at the beginning of a curve to the right having a central angle of 10 degrees 00 minutes 00 seconds, a radius of 921.00 feet, and being subtended by a 160.54-foot chord which bears North 05 degrees 00 minutes 00 seconds West; Along said curve to right, an arc distance of 160.74 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars”; North 00 degrees 00 minutes 00 seconds East a distance of 408.39 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” at he beginning of a curve to the left having a central angle of 10 degrees 33 minutes 47 seconds, a radius of 169.00 feet, and being subtended by a 31.11-foot chord which bears North 05 degrees 16 minutes 53 seconds West; Along said curve to the left, an arc distance of 31.16 feet to a 5/8-inch iron rod set with plastic cap stamped “Huitt-Zollars” on the southerly line of the 109.5 acres of land described in Final Plat of Walsh Ranch, Quail Valley, an addition to the City of Fort Worth, Parker County, Texas as recorded in Cabinet E, Slide 488, P.R.P.C.T., said point also being on the southerly line of Lot 1, Block 38 of said Walsh Ranch, Quail Valley; THENCE North 86 degrees 01 minute 03 seconds East along the southerly line of said 109.5-acre tract, a distance of 571.64 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”, said point also being the southeast corner of Lot 1, Block 41 of said Walsh Ranch, Quail Valley; THENCE North 37 degrees 51 minutes 46 seconds East continuing along the southeasterly line of said 109.5-acre tract, passing a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” on the south line of said Parcel 1 of Quail Valley Devco VLO, LLC at a distance of 454.44 feet and continuing in all a total distance of 546.41 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars” on the southerly line of aforementioned Lot 5-X, Block 74, Walsh Ranch, Quail Valley Residential; THENCE continuing along the southerly lie of said Lot 5-X, Block 74 the following: North 74 degrees 35 minutes 27 seconds East a distance of 615.28 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 67 degrees 17 minutes 53 seconds East a distance of 117.08 feet to a 5/8-inch iron rod found with plastic cap stamped “Huitt-Zollars”; South 14 degrees 02 minutes 32 seconds East a distance of 31.12 feet to the POINT OF BEGINNING, and containing 4,214,386 Square feet or 96.75 acres of land, more or less. APPENDIX C PID ASSESSMENT NOTICE AFTER RECORDING RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________]1 NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF FORT WORTH, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS LOT TYPE _____ PRINCIPAL ASSESSMENT: $______ As the purchaser of the real property described above, you are obligated to pay assessments to the City of Fort Worth, Texas (the “City”), for the costs of a portion of a public improvement or services project (the “Authorized Improvements”) undertaken for the benefit of the property within Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the “District”) created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City. The exact amount of each annual installment will be approved each year by the City Council in the annual service plan update for the District. More information about the assessments, including the amounts and due dates, may be obtained from the City. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Parker County. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: DATE: SIGNATURE OF SELLER SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § § COUNTY OF PARKER § The foregoing instrument was acknowledged before me by ______________________ and ____________________ , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this _________________, 20__. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Parker County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: DATE: SIGNATURE OF SELLER SIGNATURE OF SELLER STATE OF TEXAS § § COUNTY OF PARKER § The foregoing instrument was acknowledged before me by ____________________ and _________________ , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this _________________ , 20__. Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Parker County. City of Fort Worth, Texas Mayor and Council Communication DATE: 05/12/26 M&C FILE NUMBER: M&C 26-0405 LOG NAME: 03QUAIL VALLEY PID FY2026 (NAI#4) SUBJECT (CD 3) Conduct Public Hearing to Consider the Levying of Special Assessments in Improvement Area No. 4 of Fort Worth Public Improvement District No. 16 Walsh Ranch/Quail Valley and Adopt Ordinance (1) Levying Special Assessments on the Property Located in Improvement Area No. 4 of the Walsh Ranch/Quail Valley Public Improvement District, (2) Approving Service and Assessment Plan Update for the Walsh Ranch/Quail Valley Public Improvement District, (3) Approving Assessment Roll for the Walsh Ranch/Quail Valley Public Improvement District, and (4) Ordaining Other Matters Related Thereto; Adopt a Resolution Approving Reimbursement Agreements with QUAIL VALLEY DEVCO IVB, LLC, QUAIL VALLEY DEVCO V, LLC and QUAIL VALLEY DEVCO VIA, LLC, for the Construction, Acquisition, and Financing of Improvements within Improvement Area No. 4 of the Fort Worth Public Improvement District No. 16 Walsh Ranch/Quail Valley; Authorize Execution of a Majority Landowner Agreement; and Authorize an Amendment to the Master Reimbursement Agreement to Reflect Previously Approved Updated Total Reimbursable Costs of Authorized Improvements (PUBLIC HEARING - a. Staff Available for Questions: Crystal Hinojosa; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public hearing concerning the proposed special assessments to be levied on the property located in Improvement Area No. 4 of the Walsh Ranch/Quail Valley Public Improvement District with collection to begin in Fiscal Year 2027; 2. Adopt the attached ordinance (1) levying special assessments on the property located in Improvement Area No. 4 of the Walsh Ranch/Quail Valley Public Improvement District, (2) approving the Service and Assessment Plan Update, (3) approving the Assessment Roll, and (4) ordaining other matters related thereto; 3. Adopt the attached resolution approving the Reimbursement Agreement with the Developers setting forth the terms governing the construction, acquisition and financing of the improvements in Improvement Area No. 4 of the Walsh Ranch/Quail Valley Public Improvement District, including the use of the special assessment revenues; 4. Authorize execution of a Majority Landowner Agreement with the Developers, outlining responsibilities associated with coordination of notices and payment of assessments for land in Improvement Area No. 4 that is not owned by Developers; and 5. Authorize an amendment to the Master Reimbursement Agreement for Public Improvement District No. 16 Walsh Ranch/Quail Valley to reflect updated total reimbursable costs of authorized improvements as approved by Resolution 6031-12-2024. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to conduct a public hearing, approve the Service and Assessment Plan, approve the Assessment Roll, authorize a Reimbursement Agreement with QUAIL VALLEY DEVCO IVB, LLC, QUAIL VALLEY DEVCO V, LLC and QUAIL VALLEY DEVCO VIA, LLC, (collectively, Developers), authorize execution of a Majority Landowner Agreement, and ordain other matters related thereto and intend to address Improvement Area No. 4 of the Walsh Ranch/Quail Valley PID, which is the fourth phase of development. In September 2016, the City Council approved the creation of the Walsh Ranch/Quail Valley Public Improvement District (PID), encompassing approximately one-fourth of the entire Walsh Ranch property, as a vehicle to reimburse developers for certain infrastructure costs. Full development of the Quail Valley PID will encompass seven phases that occur over several years as phases of the Quail Valley PID are developed. On April 28, 2026, the City Council adopted Resolution No. 6296-04-2026 concerning certain matters related to the Quail Valley PID, including the following: (1) determining the costs of certain public improvements; (2) accepting a preliminary service and assessment plan update, including a proposed assessment roll; (3) directing the filing of the proposed updated assessment roll with the City Secretary; (4) calling for a public hearing to consider the ordinance levying special assessments on property located within the area defined as Improvement Area No. 4 of the Quail Valley PID; and (5) directing staff to publish and mail notice of this public hearing to the property owners liable for payment of the special assessment. The proposed special assessments to be levied on each property in Improvement Area No. 4 of the Quail Valley PID. As outlined in the Service and Assessment Plan Update, improvements in the amount of $24,190,000.00 are to be funded by the special assessments. The special assessments will be levied across 770 residential units (representing 450.6421 acres) and collected over a 30-year period. The 770 lots are divided into nine categories, with each category represented by lot width and/or type. Widths including categories as follows: 35 feet, 50 feet, 55 feet, 60 feet, 70 feet, 80 feet, One -Acre Custom, and two additional lot types including townhomes and 4-pack units. Assessments will be allocated as follows: Lot Size # of Lots Annual Installment 35 feet 61 $1,707.001 50 feet 158 2,150.00 55 feet 146 2,238.00 60 feet 143 2,642.00 70 feet 123 3,271.00 80 feet 17 3,773.00 One -Acre Custom 42 5,400.00 Townhome 52 1,546.00 4-pack Home 28 $1,658.00 The above shown amounts are calculated using an interest rate of 6.60% per annum. In addition to the $24,190,000.00 of improvements funded by the special assessments, the developers are constructing, without reimbursement from the Quail Valley PID, additional improvements in the amount of $38,297,848.00, bringing the total costs of improvements in the PID to $62,487,848.00. The Developers are responsible for managing all construction and the associated Agreements for the development of the lots and residential units within Improvement Area #4 of the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley). Beginning in 2027, the City will begin to make quarterly payments to the Developers in satisfaction of the Reimbursement Amount from the special assessments revenues, less any administrative fees, once the Developer submits payment requisitions. The Reimbursement Amount for Improvement Area No. 4 will be paid over a maximum period of 30 years. Until bonds, if any, are issued, the Developer will be entitled to interest on the unpaid Reimbursement Amount at the rate of 6.60 percent. If any portion of the Reimbursement Amount remains unpaid after the City has elected to issue bonds and those bonds have been repaid in full, the interest rate on the unpaid Reimbursement Amount will be the same as the interest rate on the bonds. It is anticipated that within five years, provided that the Developers have satisfied certain obligations designed to ensure the rapid development of the entire Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley), the City will explore options to accelerate the reimbursement of the Developers by issuing debt secured by a portion of the special assessments. In order to maintain the Developer's construction schedule, portions of the property in Improvement Area No. 4 have been sold to home developers and individual homeowners. As reflected in the Reimbursement Agreement, Developers have agreed to assume responsibility for the payment of PID assessments for properties already sold to individual homeowners. The Majority Landowner Agreement addresses the responsibilities of the Developers and City with respect to notices, assurances, and payment of assessments for property in Improvement Area No. 4 that is not owned by the Developers. Lastly, on December 10, 2024, City Council adopted Resolution No. 6031-12-2024, acknowledging and approving an increase in total estimated reimbursable costs of authorized improvements in the District from $47,000,000.00 to $92,000,000.00 pursuant to the preclearance received from the Public Finance Division of the Office of the Attorney General of Texas. This M&C will formally authorize a corresponding amendment to the Master Reimbursement Agreement (CSC No. 49300) to reflect this updated estimate of the reimbursable costs of authorized improvements in the District. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that approval of this agreement will have no material effect on the Fiscal Year 2026 Budget. While no current year impact is anticipated from this action, any effect on expenditures and revenue will be budgeted in future Fiscal Years and will be included in the long-term financial forecast. Submitted for Citv Manaaer's Office bv: Oriainatina Business Unit Head: Christianne Simmons 6222 Additional Information Contact: Brady Kirk 8712